Chairman’s Letter to Shareholders
|
4
|
Portfolio Manager’s Comments
|
5
|
Fund Leverage
|
7
|
Common Share Information
|
9
|
Risk Considerations
|
11
|
Performance Overview and Holding Summaries
|
12
|
Portfolios of Investments
|
16
|
Statement of Assets and Liabilities
|
103
|
Statement of Operations
|
104
|
Statement of Changes in Net Assets
|
105
|
Statement of Cash Flows
|
106
|
Financial Highlights
|
108
|
Notes to Financial Statements
|
111
|
Additional Fund Information
|
125
|
Glossary of Terms Used in this Report
|
126
|
Reinvest Automatically, Easily and Conveniently
|
128
|
|
NAD
|
NEA
|
Effective Leverage*
|
38.46%
|
38.49%
|
Regulatory Leverage*
|
36.59%
|
36.34%
|
*
|
Effective leverage is a Fund’s effective economic leverage, and includes both regulatory leverage and the leverage effects of certain derivative and other investments in a Fund’s portfolio that increase the Fund’s investment exposure. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings are included in effective leverage values, in addition to any regulatory leverage. Regulatory leverage consists of preferred shares issued or borrowings of a Fund. Both of these are part of a Fund’s capital structure. A Fund, however, may from time to time borrow on a typically transient basis in connection with its day-to-day operations, primarily in connection with the need to settle portfolio trades. Such incidental borrowings are excluded from the calculation of a Fund’s effective leverage ratio. Regulatory leverage is subject to asset coverage limits set forth in the Investment Company Act of 1940.
|
|
Variable Rate
Preferred*
|
Variable Rate
Remarketed Preferred**
|
||||||||||
|
Shares
Issued at
Liquidation
Preference
|
Shares
Issued at
Liquidation
Preference
|
Total
|
|||||||||
NAD
|
$
|
1,152,500,000
|
$
|
632,000,000
|
$
|
1,784,500,000
|
||||||
NEA
|
$
|
758,000,000
|
$
|
1,490,300,000
|
$
|
2,248,300,000
|
*
|
Preferred shares of the Fund featuring a floating rate dividend based on a predetermined formula or spread to an index rate. Includes the following preferred shares AMTP, iMTP, VMTP, MFP- VRM and VRDP in Special Rate Mode, where applicable. See Notes to Financial Statements, Note 4 – Fund Shares, Preferred Shares for further details.
|
**
|
Preferred shares of the Fund featuring floating rate dividends set by a remarketing agent via a regular remarketing. Includes the following preferred shares VRDP not in Special Rate Mode, MFP-VRRM and MFP-VRDM, where applicable. See Notes to Financial Statements, Note 4 – Fund Shares, Preferred Shares for further details.
|
|
Per Common
|
|||||||
|
Share Amounts
|
|||||||
Monthly Distributions (Ex-Dividend Date)
|
NAD
|
NEA
|
||||||
November 2018
|
$
|
0.0535
|
$
|
0.0535
|
||||
December
|
0.0535
|
0.0535
|
||||||
January
|
0.0535
|
0.0535
|
||||||
February
|
0.0535
|
0.0535
|
||||||
March
|
0.0535
|
0.0535
|
||||||
April 2019
|
0.0535
|
0.0535
|
||||||
Total Distributions from Net Investment Income
|
$
|
0.3210
|
$
|
0.3210
|
||||
Yields
|
||||||||
Market Yield*
|
4.73
|
%
|
4.82
|
%
|
||||
Tax-Equivalent Yield*
|
6.21
|
%
|
6.31
|
%
|
*
|
Market Yield is based on the Fund’s current annualized monthly dividend divided by the Fund’s current market price as of the end of the reporting period. Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on a federal income tax rate of 23.8 and 23.7% for NAD and NEA, respectively. Your actual federal income tax rate may differ from the assumed rate. The Taxable-Equivalent Yield also takes into account the percentage of the Fund’s income generated and paid by the Fund (based on payments made during the previous calendar year) that was not exempt from federal income tax. Separately, if the comparison were instead to investments that generate qualified dividend income, which is taxable at a rate lower than an individual’s ordinary graduated tax rate, the fund’s Taxable-Equivalent Yield would be lower.
|
|
NAD
|
NEA
|
||||||
Common shares cumulatively repurchased and retired
|
17,900
|
75,000
|
||||||
Common shares authorized for repurchase
|
20,190,000
|
26,280,000
|
|
NAD
|
NEA
|
||||||
Common share NAV
|
$
|
15.32
|
$
|
14.99
|
||||
Common share price
|
$
|
13.57
|
$
|
13.32
|
||||
Premium/(Discount) to NAV
|
(11.42
|
)%
|
(11.14
|
)%
|
||||
6-month average premium/(discount) to NAV
|
(12.17
|
)%
|
(12.01
|
)%
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Performance Overview and Holding Summaries as of April 30, 2019
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.
|
Average Annual Total Returns as of April 30, 2019
|
|
||||
|
Cumulative
|
Average Annual
|
||
|
6-Month
|
1-Year
|
5-Year
|
10-Year
|
NAD at Common Share NAV
|
8.55%
|
7.89%
|
5.57%
|
7.94%
|
NAD at Common Share Price
|
12.05%
|
9.42%
|
5.48%
|
7.84%
|
S&P Municipal Bond Index
|
5.36%
|
5.84%
|
3.55%
|
4.74%
|
NAD Custom Blended Fund Performance Benchmark
|
5.36%
|
6.13%
|
3.70%
|
4.81%
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
158.3%
|
Corporate Bonds
|
0.0%
|
Investment Companies
|
0.0%
|
Short-Term Municipal Bonds
|
0.3%
|
Other Assets Less Liabilities
|
1.8%
|
Net Assets Plus Floating Rate Obligations,
|
|
AMTP Shares, net of deferred offering costs,
|
|
MFP Shares, net of deferred offering
|
|
costs & VRDP Shares, net of deferred
|
|
offering costs
|
160.4%
|
Floating Rate Obligations
|
(2.8)%
|
AMTP Shares, net of deferred
|
|
offering costs
|
(17.6)%
|
MFP Shares, net of deferred
|
|
offering costs
|
(19.6)%
|
VRDP Shares, net of deferred
|
|
offering costs
|
(20.4)%
|
Net Assets
|
100%
|
Portfolio Credit Quality
|
|
(% of total investment exposure)
|
|
U.S. Guaranteed
|
8.5%
|
AAA
|
1.3%
|
AA
|
19.8%
|
A
|
38.7%
|
BBB
|
21.5%
|
BB or Lower
|
7.7%
|
N/R (not rated)
|
2.5%
|
N/A (not applicable)
|
0.0%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Transportation
|
29.7%
|
Health Care
|
15.8%
|
Tax Obligation/Limited
|
13.5%
|
Tax Obligation/General
|
9.1%
|
U.S. Guaranteed
|
8.5%
|
Utilities
|
6.4%
|
Education and Civic Organizations
|
5.2%
|
Other
|
11.8%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
Illinois
|
12.1%
|
Texas
|
10.4%
|
California
|
10.4%
|
Colorado
|
6.5%
|
Florida
|
6.1%
|
Ohio
|
5.1%
|
New York
|
4.7%
|
Pennsylvania
|
3.2%
|
Washington
|
2.9%
|
New Jersey
|
2.8%
|
South Carolina
|
2.6%
|
Missouri
|
2.4%
|
Arizona
|
2.1%
|
Louisiana
|
2.0%
|
Virginia
|
2.0%
|
Nevada
|
1.8%
|
Michigan
|
1.4%
|
Tennessee
|
1.4%
|
Oregon
|
1.3%
|
Other
|
18.8%
|
Total
|
100%
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
Performance Overview and Holding Summaries as of April 30, 2019
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.
|
Average Annual Total Returns as of April 30, 2019
|
|
|
Cumulative
|
Average Annual
|
||
|
6-Month
|
1-Year
|
5-Year
|
10-Year
|
NEA at Common Share NAV
|
8.21%
|
7.68%
|
5.83%
|
6.49%
|
NEA at Common Share Price
|
12.58%
|
9.51%
|
5.61%
|
6.47%
|
S&P Municipal Bond Index
|
5.36%
|
5.84%
|
3.55%
|
4.74%
|
NEA Custom Blended Fund Performance Benchmark
|
5.36%
|
6.13%
|
3.70%
|
4.81%
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
157.6%
|
Corporate Bonds
|
0.0%
|
Short-Term Municipal Bonds
|
0.2%
|
Other Assets Less Liabilities
|
1.5%
|
Net Assets Plus Floating Rate
|
|
Obligations, MFP Shares, net of
|
|
deferred offering costs & VRDP
|
|
Shares, net of deferred offering costs
|
159.3%
|
Floating Rate Obligations
|
(2.4)%
|
MFP Shares, net of deferred
|
|
offering costs
|
(24.3)%
|
VRDP Shares, net of deferred
|
|
offering costs
|
(32.6)%
|
Net Assets
|
100%
|
Portfolio Credit Quality
|
|
(% of total investment exposure)
|
|
U.S. Guaranteed
|
8.7%
|
AAA
|
2.2%
|
AA
|
24.0%
|
A
|
33.8%
|
BBB
|
20.9%
|
BB or Lower
|
7.9%
|
N/R (not rated)
|
2.5%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Health Care
|
19.7%
|
Transportation
|
18.8%
|
Tax Obligation/Limited
|
14.8%
|
Tax Obligation/General
|
12.6%
|
U.S. Guaranteed
|
8.8%
|
Education and Civic Organizations
|
6.0%
|
Water and Sewer
|
5.5%
|
Utilities
|
5.2%
|
Consumer Staples
|
5.0%
|
Other
|
3.6%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
Illinois
|
14.2%
|
California
|
8.0%
|
Texas
|
8.0%
|
Colorado
|
6.5%
|
Ohio
|
5.8%
|
Florida
|
4.5%
|
New York
|
4.2%
|
Pennsylvania
|
4.0%
|
New Jersey
|
3.8%
|
Michigan
|
3.5%
|
Nevada
|
3.3%
|
South Carolina
|
2.4%
|
Missouri
|
2.3%
|
Indiana
|
2.3%
|
Washington
|
2.2%
|
Georgia
|
2.1%
|
Wisconsin
|
2.0%
|
Louisiana
|
1.9%
|
Other
|
19.0%
|
Total
|
100%
|
NAD
|
Nuveen Quality Municipal Income Fund
Portfolio of Investments April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
LONG-TERM INVESTMENTS – 158.3% (99.8% of Total Investments)
|
|
|
|
|
|
MUNICIPAL BONDS – 158.3% (99.8% of Total Investments)
|
|
|
|
|
|
Alabama – 1.5% (0.9% of Total Investments)
|
|
|
|
|
|
Alabama State Port Authority, Docks Facilities Revenue Bonds, Refunding Series 2017A:
|
|
|
|
|
$ 5,000
|
5.000%, 10/01/33 – AGM Insured (AMT)
|
10/27 at 100.00
|
BBB+
|
$ 5,764,550
|
|
5,455
|
5.000%, 10/01/34 – AGM Insured (AMT)
|
10/27 at 100.00
|
BBB+
|
6,266,104
|
|
5,550
|
5.000%, 10/01/35 – AGM Insured (AMT)
|
10/27 at 100.00
|
BBB+
|
6,365,906
|
|
17,500
|
Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A,
|
No Opt. Call
|
A3
|
22,505,175
|
|
|
5.000%, 9/01/46
|
|
|
|
|
4,165
|
Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone
|
5/29 at 100.00
|
N/R
|
4,468,753
|
|
|
Bonds, Hunt Refining Project, Refunding Series 2019A, 5.250%, 5/01/44, 144A (WI/DD,
|
|
|
|
|
|
Settling 5/16/19)
|
|
|
|
|
37,670
|
Total Alabama
|
|
|
45,370,488
|
|
|
Alaska – 0.7% (0.5% of Total Investments)
|
|
|
|
|
|
Alaska Industrial Development and Export Authority, Power Revenue Bonds, Snettisham
|
|
|
|
|
|
Hydroelectric Project, Refunding Series 2015:
|
|
|
|
|
1,580
|
5.000%, 1/01/24 (AMT)
|
No Opt. Call
|
Baa2
|
1,720,099
|
|
3,400
|
5.000%, 1/01/25 (AMT)
|
No Opt. Call
|
Baa2
|
3,746,052
|
|
1,000
|
5.000%, 1/01/28 (AMT)
|
7/25 at 100.00
|
Baa2
|
1,092,320
|
|
1,075
|
5.000%, 1/01/29 (AMT)
|
7/25 at 100.00
|
Baa2
|
1,168,009
|
|
300
|
5.000%, 1/01/31 (AMT)
|
7/25 at 100.00
|
Baa2
|
324,396
|
|
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed
|
|
|
|
|
|
Bonds, Series 2006A:
|
|
|
|
|
205
|
4.625%, 6/01/23
|
5/19 at 100.00
|
A3
|
205,057
|
|
14,500
|
5.000%, 6/01/32
|
5/19 at 100.00
|
B3
|
14,499,420
|
|
22,060
|
Total Alaska
|
|
|
22,755,353
|
|
|
Arizona – 3.3% (2.1% of Total Investments)
|
|
|
|
|
980
|
Apache County Industrial Development Authority, Arizona, Pollution Control Revenue
|
3/22 at 100.00
|
A–
|
1,030,196
|
|
|
Bonds, Tucson Electric Power Company, Series 2012A, 4.500%, 3/01/30
|
|
|
|
|
2,500
|
Arizona Health Facilities Authority, Revenue Bonds, Scottsdale Lincoln Hospitals
|
12/24 at 100.00
|
A2
|
2,762,250
|
|
|
Project, Refunding Series 2014A, 5.000%, 12/01/39
|
|
|
|
|
2,000
|
Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of
|
1/28 at 100.00
|
AA–
|
2,241,000
|
|
|
Math & Science Projects, Series 2018A, 5.000%, 7/01/48
|
|
|
|
|
|
Arizona Sports and Tourism Authority, Tax Revenue Bonds, Multipurpose Stadium Facility
|
|
|
|
|
|
Project, Refunding Senior Series 2012A:
|
|
|
|
|
1,490
|
5.000%, 7/01/30
|
7/22 at 100.00
|
A
|
1,586,969
|
|
2,500
|
5.000%, 7/01/32
|
7/22 at 100.00
|
A
|
2,654,125
|
|
2,335
|
5.000%, 7/01/36
|
7/22 at 100.00
|
A
|
2,464,476
|
|
11,795
|
Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health,
|
1/27 at 100.00
|
AA–
|
12,638,814
|
|
|
Refunding Series 2016A, 4.000%, 1/01/36
|
|
|
|
|
9,740
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien
|
7/20 at 100.00
|
A+ (4)
|
10,120,152
|
|
|
Series 2010A, 5.000%, 7/01/40 (Pre-refunded 7/01/20)
|
|
|
|
|
12,935
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien
|
7/27 at 100.00
|
AA–
|
14,806,306
|
|
|
Series 2017A, 5.000%, 7/01/47 (AMT)
|
|
|
|
|
6,000
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien
|
7/28 at 100.00
|
AA–
|
6,948,120
|
|
|
Series 2018, 5.000%, 7/01/48 (AMT)
|
|
|
|
|
7,000
|
Phoenix Civic Improvement Corporation, Arizona, Revenue Bonds, Civic Plaza Expansion
|
No Opt. Call
|
AA
|
9,749,950
|
|
|
Project, Series 2005B, 5.500%, 7/01/39 – FGIC Insured
|
|
|
|
|
1,000
|
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric
|
10/20 at 100.00
|
A–
|
1,041,500
|
|
|
Power Company, Series 2010A, 5.250%, 10/01/40
|
|
|
|
|
1,000
|
Pinal County Electrical District 4, Arizona, Electric System Revenue Bonds, Refunding
|
12/25 at 100.00
|
AA
|
1,051,310
|
|
|
Series 2015, 4.000%, 12/01/38 – AGM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Arizona (continued)
|
|
|
|
|
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy
|
|
|
|
|
|
Inc. Prepay Contract Obligations, Series 2007:
|
|
|
|
|
$ 500
|
5.500%, 12/01/29
|
No Opt. Call
|
BBB+
|
$ 629,235
|
|
24,765
|
5.000%, 12/01/37
|
No Opt. Call
|
BBB+
|
31,229,160
|
|
1,100
|
Student and Academic Services LLC, Arizona, Lease Revenue Bonds, Northern Arizona
|
6/24 at 100.00
|
A2
|
1,235,729
|
|
|
University Project, Series 2014, 5.000%, 6/01/34 – BAM Insured
|
|
|
|
|
728
|
Watson Road Community Facilities District, Arizona, Special Assessment Revenue Bonds,
|
6/19 at 100.00
|
N/R
|
719,199
|
|
|
Series 2005, 6.000%, 7/01/30
|
|
|
|
|
88,368
|
Total Arizona
|
|
|
102,908,491
|
|
|
Arkansas – 0.1% (0.0% of Total Investments)
|
|
|
|
|
2,055
|
Arkansas State University, Student Fee Revenue Bonds, Jonesboro Campus, Series 2013,
|
12/23 at 100.00
|
A1
|
2,254,499
|
|
|
4.875%, 12/01/43
|
|
|
|
|
|
California – 16.5% (10.4% of Total Investments)
|
|
|
|
|
1,500
|
ABAG Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured
|
5/20 at 100.00
|
AA– (4)
|
1,569,765
|
|
|
Revenue Bonds, Channing House, Series 2010, 6.000%, 5/15/30 (Pre-refunded 5/15/20)
|
|
|
|
|
|
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding
|
|
|
|
|
|
Subordinate Lien Series 2004A:
|
|
|
|
|
185
|
0.000%, 10/01/20 – AMBAC Insured
|
No Opt. Call
|
Baa2
|
178,390
|
|
9,015
|
0.000%, 10/01/20 – AMBAC Insured (ETM)
|
No Opt. Call
|
N/R (4)
|
8,815,408
|
|
1,535
|
Alameda Corridor Transportation Authority, California, Revenue Bonds, Senior Lien Series
|
No Opt. Call
|
A–
|
808,884
|
|
|
1999A, 0.000%, 10/01/37 – NPFG Insured
|
|
|
|
|
|
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement
|
|
|
|
|
|
Project, Series 1997C:
|
|
|
|
|
2,945
|
0.000%, 9/01/27
|
No Opt. Call
|
A2
|
2,407,390
|
|
7,150
|
0.000%, 9/01/28 – AGM Insured
|
No Opt. Call
|
A2
|
5,650,788
|
|
2,455
|
0.000%, 9/01/32 – AGM Insured
|
No Opt. Call
|
A2
|
1,642,469
|
|
200
|
0.000%, 9/01/35 – AGM Insured
|
No Opt. Call
|
A2
|
117,094
|
|
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge,
|
|
|
|
|
|
Series 2013S-4:
|
|
|
|
|
10,000
|
5.000%, 4/01/38 (Pre-refunded 4/01/23)
|
4/23 at 100.00
|
A1 (4)
|
11,358,100
|
|
3,500
|
5.250%, 4/01/53 (Pre-refunded 4/01/23)
|
4/23 at 100.00
|
A1 (4)
|
4,008,550
|
|
1,055
|
Brisbane School District, San Mateo County, California, General Obligation Bonds,
|
No Opt. Call
|
A2
|
624,750
|
|
|
Election 2003 Series 2005, 0.000%, 7/01/35 – AGM Insured
|
|
|
|
|
|
Byron Unified School District, Contra Costa County, California, General Obligation
|
|
|
|
|
|
Bonds, Series 2007B:
|
|
|
|
|
60
|
0.000%, 8/01/32 (ETM)
|
No Opt. Call
|
A2 (4)
|
43,400
|
|
1,640
|
0.000%, 8/01/32
|
No Opt. Call
|
A2
|
1,080,563
|
|
|
Calexico Unified School District, Imperial County, California, General Obligation Bonds,
|
|
|
|
|
|
Series 2005B:
|
|
|
|
|
3,685
|
0.000%, 8/01/31 – FGIC Insured
|
No Opt. Call
|
A3
|
2,523,451
|
|
4,505
|
0.000%, 8/01/33 – FGIC Insured
|
No Opt. Call
|
A3
|
2,834,816
|
|
2,820
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,
|
6/19 at 100.00
|
BBB+
|
2,827,501
|
|
|
Sonoma County Tobacco Securitization Corporation, Series 2005, 5.000%, 6/01/26
|
|
|
|
|
7,000
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter
|
11/26 at 100.00
|
A+
|
8,044,820
|
|
|
Health, Refunding Series 2016B, 5.000%, 11/15/46
|
|
|
|
|
22,520
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter
|
11/27 at 100.00
|
A+
|
26,094,825
|
|
|
Health, Refunding Series 2017A, 5.000%, 11/15/48
|
|
|
|
|
2,275
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter
|
11/27 at 100.00
|
AA–
|
2,441,120
|
|
|
Health, Series 2018A, 4.000%, 11/15/42
|
|
|
|
|
5,950
|
California Health Facilities Financing Authority, Revenue Bonds, Providence Health &
|
10/19 at 100.00
|
AA–
|
6,043,712
|
|
|
Services, Series 2009B, 5.500%, 10/01/39
|
|
|
|
|
710
|
California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health
|
7/23 at 100.00
|
AA–
|
788,164
|
|
|
System, Series 2013A, 5.000%, 7/01/37
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited) |
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
|
California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and
|
|
|
|
|
|
Clinics, Tender Option Bond Trust 2016-XG0049:
|
|
|
|
|
$ 790
|
7.158%, 8/15/51 , 144A (IF), (6)
|
8/22 at 100.00
|
AA–
|
$ 917,601
|
|
825
|
7.162%, 8/15/51 , 144A (IF), (6)
|
8/22 at 100.00
|
AA–
|
958,378
|
|
2,140
|
7.162%, 8/15/51 , 144A (IF), (6)
|
8/22 at 100.00
|
AA–
|
2,485,974
|
|
5,600
|
California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien
|
6/28 at 100.00
|
BBB+
|
6,398,112
|
|
|
Series 2018A, 5.000%, 12/31/43 (AMT)
|
|
|
|
|
3,250
|
California Municipal Finance Authority, Revenue Bonds, Community Medical Centers,
|
2/27 at 100.00
|
A–
|
3,657,225
|
|
|
Series 2017A, 5.000%, 2/01/42
|
|
|
|
|
810
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects,
|
11/19 at 100.00
|
A+ (4)
|
829,983
|
|
|
Series 2009-I, 6.375%, 11/01/34 (Pre-refunded 11/01/19)
|
|
|
|
|
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects,
|
|
|
|
|
|
Series 2010A-1:
|
|
|
|
|
1,530
|
5.750%, 3/01/30 (Pre-refunded 3/01/20)
|
3/20 at 100.00
|
A+ (4)
|
1,585,386
|
|
1,000
|
6.000%, 3/01/35 (Pre-refunded 3/01/20)
|
3/20 at 100.00
|
A+ (4)
|
1,038,250
|
|
815
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects,
|
11/23 at 100.00
|
A+
|
904,169
|
|
|
Series 2013I, 5.000%, 11/01/38
|
|
|
|
|
|
California State, General Obligation Bonds, Various Purpose Series 2010:
|
|
|
|
|
2,100
|
5.250%, 3/01/30
|
3/20 at 100.00
|
AA–
|
2,162,937
|
|
3,000
|
5.500%, 3/01/40
|
3/20 at 100.00
|
AA–
|
3,085,410
|
|
4,250
|
5.250%, 11/01/40
|
11/20 at 100.00
|
AA–
|
4,452,895
|
|
500
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma
|
12/24 at 100.00
|
BB–
|
543,715
|
|
|
Linda University Medical Center, Series 2014A, 5.250%, 12/01/44
|
|
|
|
|
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma
|
|
|
|
|
|
Linda University Medical Center, Series 2016A:
|
|
|
|
|
6,000
|
5.000%, 12/01/46, 144A
|
6/26 at 100.00
|
BB–
|
6,524,400
|
|
3,070
|
5.250%, 12/01/56, 144A
|
6/26 at 100.00
|
BB–
|
3,374,268
|
|
5,480
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma
|
6/28 at 100.00
|
BB–
|
6,231,418
|
|
|
Linda University Medical Center, Series 2018A, 5.500%, 12/01/58, 144A
|
|
|
|
|
|
California Statewide Communities Development Authority, Revenue Bonds, American Baptist
|
|
|
|
|
|
Homes of the West, Series 2010:
|
|
|
|
|
900
|
6.000%, 10/01/29
|
10/19 at 100.00
|
BBB+
|
915,750
|
|
1,030
|
6.250%, 10/01/39
|
10/19 at 100.00
|
BBB+
|
1,049,055
|
|
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of
|
|
|
|
|
|
Charity Health System, Series 2005A:
|
|
|
|
|
2,640
|
5.750%, 7/01/30
|
6/19 at 100.00
|
CC
|
2,584,349
|
|
7,230
|
5.500%, 7/01/39
|
6/19 at 100.00
|
CC
|
7,106,945
|
|
6,025
|
California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital
|
8/19 at 100.00
|
N/R (4)
|
6,102,662
|
|
|
Project, Series 2009, 6.750%, 2/01/38 (Pre-refunded 8/01/19)
|
|
|
|
|
4,890
|
Clovis Unified School District, Fresno County, California, General Obligation Bonds,
|
No Opt. Call
|
Baa2
|
4,188,383
|
|
|
Series 2006B, 0.000%, 8/01/26 – NPFG Insured
|
|
|
|
|
1,000
|
Coachella Valley Unified School District, Riverside County, California, General
|
No Opt. Call
|
A–
|
722,690
|
|
|
Obligation Bonds, Series 2005A, 0.000%, 8/01/30 – FGIC Insured
|
|
|
|
|
5,045
|
Culver City Redevelopment Agency, California, Tax Allocation Revenue Bonds,
|
11/21 at 61.42
|
AA– (4)
|
2,983,108
|
|
|
Redevelopment Project, Capital Appreciation Series 2011A, 0.000%, 11/01/27
|
|
|
|
|
|
(Pre-refunded 11/01/21)
|
|
|
|
|
1,260
|
Davis Redevelopment Agency, California, Tax Allocation Bonds, Davis Redevelopment
|
12/21 at 100.00
|
A+
|
1,425,199
|
|
|
Project, Subordinate Series 2011A, 7.000%, 12/01/36
|
|
|
|
|
4,000
|
East Bay Municipal Utility District, Alameda and Contra Costa Counties, California,
|
6/24 at 100.00
|
Aa1
|
4,491,240
|
|
|
Water System Revenue Bonds, Series 2014C, 5.000%, 6/01/44
|
|
|
|
|
3,010
|
El Camino Community College District, California, General Obligation Bonds, Election of
|
No Opt. Call
|
AA+
|
2,653,676
|
|
|
2002 Series 2012C, 0.000%, 8/01/25
|
|
|
|
|
3,500
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
No Opt. Call
|
BBB–
|
2,172,940
|
|
|
Refunding Senior Lien Series 2015A, 0.000%, 1/15/34 – AGM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
|
|
|
|
|
Refunding Series 2013A:
|
|
|
|
|
$ 1,480
|
5.750%, 1/15/46
|
1/24 at 100.00
|
Baa3
|
$ 1,703,465
|
|
6,480
|
6.000%, 1/15/49
|
1/24 at 100.00
|
Baa3
|
7,586,654
|
|
1,500
|
Gavilan Joint Community College District, Santa Clara and San Benito Counties,
|
8/21 at 100.00
|
AA (4)
|
1,646,265
|
|
|
California, General Obligation Bonds, Election of 2004 Series 2011D, 5.750%, 8/01/35
|
|
|
|
|
|
(Pre-refunded 8/01/21)
|
|
|
|
|
9,930
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
6/25 at 100.00
|
A+
|
11,164,299
|
|
|
Asset-Backed Revenue Bonds, Refunding Series 2015A, 5.000%, 6/01/45
|
|
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
|
|
|
|
|
Asset-Backed Revenue Bonds, Series 2005A:
|
|
|
|
|
1,455
|
0.000%, 6/01/24 – AMBAC Insured
|
No Opt. Call
|
A+
|
1,315,509
|
|
3,500
|
0.000%, 6/01/26 – AGM Insured
|
No Opt. Call
|
A1
|
3,010,735
|
|
3,000
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement
|
6/22 at 100.00
|
N/R
|
2,944,800
|
|
|
Asset-Backed Bonds, Series 2018A-1, 5.000%, 6/01/47
|
|
|
|
|
5,945
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement
|
6/22 at 100.00
|
N/R
|
5,835,612
|
|
|
Asset-Backed Bonds, Series 2018A-2, 5.000%, 6/01/47
|
|
|
|
|
2,500
|
Huntington Beach Union High School District, Orange County, California, General
|
No Opt. Call
|
AA–
|
1,717,450
|
|
|
Obligation Bonds, Series 2007, 0.000%, 8/01/32 – FGIC Insured
|
|
|
|
|
9,740
|
Huntington Park Redevelopment Agency, California, Single Family Residential Mortgage
|
No Opt. Call
|
AA+ (4)
|
10,102,620
|
|
|
Revenue Refunding Bonds, Series 1986A, 8.000%, 12/01/19 (ETM)
|
|
|
|
|
5,000
|
Kern Community College District, California, General Obligation Bonds, Safety, Repair &
|
No Opt. Call
|
AA
|
4,492,900
|
|
|
Improvement, Election 2002 Series 2006, 0.000%, 11/01/24 – AGM Insured
|
|
|
|
|
1,045
|
Lake Tahoe Unified School District, El Dorado County, California, General Obligation
|
No Opt. Call
|
A–
|
738,418
|
|
|
Bonds, Series 2001B, 0.000%, 8/01/31 – NPFG Insured
|
|
|
|
|
90
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
|
5/26 at 100.00
|
AA–
|
102,452
|
|
|
Airport, Subordinate Lien Series 2016A, 5.000%, 5/15/42 (AMT)
|
|
|
|
|
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
|
|
|
|
|
|
Airport, Subordinate Lien Series 2016B:
|
|
|
|
|
2,000
|
5.000%, 5/15/41 (AMT)
|
5/26 at 100.00
|
AA–
|
2,279,360
|
|
20,015
|
5.000%, 5/15/46 (AMT)
|
5/26 at 100.00
|
AA–
|
22,723,430
|
|
4,615
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
|
5/28 at 100.00
|
AA–
|
5,390,089
|
|
|
Airport, Subordinate Lien Series 2018A, 5.000%, 5/15/44 (AMT)
|
|
|
|
|
2,665
|
Los Angeles Department of Water and Power, California, Power System Revenue Bonds,
|
1/24 at 100.00
|
AA
|
2,974,113
|
|
|
Series 2014B, 5.000%, 7/01/43
|
|
|
|
|
15,000
|
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds,
|
1/21 at 100.00
|
Aa2
|
15,800,400
|
|
|
Series 2011A, 5.000%, 7/01/41
|
|
|
|
|
2,000
|
Los Rios Community College District, Sacramento County, California, General Obligation
|
8/19 at 100.00
|
AA (4)
|
2,019,340
|
|
|
Bonds, Series 2009D, 5.375%, 8/01/34 (Pre-refunded 8/01/19)
|
|
|
|
|
250
|
Lynwood Redevelopment Agency, California, Tax Allocation Revenue Bonds, Project Area A,
|
9/21 at 100.00
|
A
|
279,555
|
|
|
Subordinate Lien Series 2011A, 7.000%, 9/01/31
|
|
|
|
|
500
|
Madera County, California, Certificates of Participation, Children’s Hospital Central
|
3/20 at 100.00
|
A1 (4)
|
516,885
|
|
|
California, Series 2010, 5.375%, 3/15/36 (Pre-refunded 3/15/20)
|
|
|
|
|
6,215
|
Martinez Unified School District, Contra Costa County, California, General Obligation
|
8/24 at 100.00
|
AA
|
7,436,807
|
|
|
Bonds, Series 2011, 5.875%, 8/01/31
|
|
|
|
|
5,955
|
Mount San Antonio Community College District, Los Angeles County, California, General
|
8/35 at 100.00
|
AA
|
5,411,547
|
|
|
Obligation Bonds, Election of 2008, Series 2013A, 6.250%, 8/01/43, (5)
|
|
|
|
|
2,700
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts,
|
No Opt. Call
|
BBB+
|
3,979,071
|
|
|
Series 2009A, 7.000%, 11/01/34
|
|
|
|
|
2,200
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts,
|
No Opt. Call
|
BBB+
|
3,246,386
|
|
|
Series 2009C, 6.500%, 11/01/39
|
|
|
|
|
290
|
Natomas Union School District, Sacramento County, California, General Obligation
|
No Opt. Call
|
Baa2
|
304,961
|
|
|
Refunding Bonds, Series 1999, 5.950%, 9/01/21 – NPFG Insured
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 14,065
|
Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue
|
No Opt. Call
|
Baa2
|
$ 15,917,360
|
|
|
Bonds, Redevelopment Project 1, Refunding Series 1995, 7.400%, 8/01/25 – NPFG Insured
|
|
|
|
|
3,615
|
Palomar Pomerado Health Care District, California, Certificates of Participation,
|
11/19 at 100.00
|
N/R (4)
|
3,707,942
|
|
|
Series 2009, 6.750%, 11/01/39 (Pre-refunded 11/01/19)
|
|
|
|
|
890
|
Palomar Pomerado Health Care District, California, Certificates of Participation,
|
11/20 at 100.00
|
Ba1 (4)
|
923,767
|
|
|
Series 2010, 5.250%, 11/01/21 (Pre-refunded 11/01/20)
|
|
|
|
|
13,145
|
Perris, California, GNMA Mortgage-Backed Securities Program Single Family Mortgage
|
No Opt. Call
|
AA+ (4)
|
16,615,411
|
|
|
Revenue Bonds, Series 1988B, 8.200%, 9/01/23 (ETM)
|
|
|
|
|
2,500
|
Petaluma, Sonoma County, California, Wastewater Revenue Bonds, Refunding Series 2011,
|
5/21 at 100.00
|
AA (4)
|
2,704,800
|
|
|
5.500%, 5/01/32 (Pre-refunded 5/01/21)
|
|
|
|
|
6,000
|
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates
|
No Opt. Call
|
A2 (4)
|
4,116,060
|
|
|
of Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured (ETM)
|
|
|
|
|
7,080
|
Pomona, California, GNMA/FNMA Collateralized Securities Program Single Family Mortgage
|
No Opt. Call
|
AA+ (4)
|
7,907,440
|
|
|
Revenue Bonds, Series 1990A, 7.600%, 5/01/23 (ETM)
|
|
|
|
|
2,000
|
Poway Unified School District, San Diego County, California, General Obligation Bonds,
|
No Opt. Call
|
AA–
|
964,920
|
|
|
School Facilities Improvement District 2007-1, Series 2011A, 0.000%, 8/01/41
|
|
|
|
|
5,000
|
Rialto Unified School District, San Bernardino County, California, General Obligation
|
8/36 at 100.00
|
A1
|
5,347,600
|
|
|
Bonds, Series 2011A, 7.350%, 8/01/41 – AGM Insured, (5)
|
|
|
|
|
5,000
|
Riverside County Asset Leasing Corporation, California, Leasehold Revenue Bonds,
|
No Opt. Call
|
A1
|
4,355,800
|
|
|
Riverside County Hospital Project, Series 1997, 0.000%, 6/01/25 – NPFG Insured
|
|
|
|
|
4,615
|
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley
|
No Opt. Call
|
A
|
2,297,578
|
|
|
Project Area, Series 2011B, 0.000%, 10/01/38
|
|
|
|
|
330
|
Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds,
|
6/23 at 100.00
|
BBB
|
362,842
|
|
|
Series 2013A, 5.750%, 6/01/48
|
|
|
|
|
14,900
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco
|
5/26 at 100.00
|
A+
|
16,927,145
|
|
|
International Airport, Second Series 2016B, 5.000%, 5/01/46 (AMT)
|
|
|
|
|
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco
|
|
|
|
|
|
International Airport, Second Series 2018D:
|
|
|
|
|
11,615
|
5.000%, 5/01/43 (AMT)
|
5/28 at 100.00
|
A+
|
13,577,470
|
|
12,285
|
5.000%, 5/01/48 (AMT)
|
5/28 at 100.00
|
A+
|
14,292,983
|
|
11,025
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco
|
5/29 at 100.00
|
A+
|
12,975,433
|
|
|
International Airport, Second Series 2019A, 5.000%, 5/01/49 (AMT)
|
|
|
|
|
660
|
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,
|
8/19 at 100.00
|
A– (4)
|
668,270
|
|
|
Mission Bay North Redevelopment Project, Series 2009C, 6.500%, 8/01/39 (Pre-refunded 8/01/19)
|
|
|
|
|
2,000
|
San Francisco, California, Community Facilities District 6, Mission Bay South Public
|
8/22 at 29.31
|
N/R
|
539,580
|
|
|
Improvements, Special Tax Refunding Bonds, Series 2013C, 0.000%, 8/01/43
|
|
|
|
|
2,000
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road
|
1/25 at 100.00
|
BBB–
|
2,219,440
|
|
|
Revenue Bonds, Refunding Junior Lien Series 2014B, 5.250%, 1/15/44
|
|
|
|
|
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road
|
|
|
|
|
|
Revenue Bonds, Refunding Senior Lien Series 2014A:
|
|
|
|
|
15,350
|
5.000%, 1/15/44
|
1/25 at 100.00
|
BBB
|
17,123,846
|
|
25,840
|
5.000%, 1/15/50
|
1/25 at 100.00
|
BBB
|
28,589,634
|
|
|
San Jose, California, Airport Revenue Bonds, Refunding Series 2017A:
|
|
|
|
|
5,000
|
5.000%, 3/01/41 (AMT)
|
3/27 at 100.00
|
A–
|
5,732,650
|
|
5,000
|
5.000%, 3/01/47 (AMT)
|
3/27 at 100.00
|
A–
|
5,695,200
|
|
6,660
|
San Ysidro School District, San Diego County, California, General Obligation Bonds,
|
8/25 at 38.93
|
A1
|
2,121,610
|
|
|
Refunding Series 2015, 0.000%, 8/01/43
|
|
|
|
|
880
|
Santee Community Development Commission, California, Santee Redevelopment Project Tax
|
2/21 at 100.00
|
A (4)
|
964,260
|
|
|
Allocation Bonds, Series 2011A, 7.000%, 8/01/31 (Pre-refunded 2/01/21)
|
|
|
|
|
2,460
|
Santee School District, San Diego County, California, General Obligation Bonds, Capital
|
No Opt. Call
|
AA
|
1,616,786
|
|
|
Appreciation, Election 2006, Series 2008D, 0.000%, 8/01/33 – AGC Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 5,000
|
Solano Community College District, Solano and Yolo Counties, California, General
|
8/23 at 100.00
|
Aa3
|
$ 5,560,400
|
|
|
Obligation Bonds, Election 2012 Series 2013A, 5.000%, 8/01/43
|
|
|
|
|
1,145
|
Southern Kern Unified School District, Kern County, California, General Obligation
|
No Opt. Call
|
A2
|
820,461
|
|
|
Bonds, Series 2006C, 0.000%, 11/01/30 – AGM Insured
|
|
|
|
|
1,175
|
Southern Kern Unified School District, Kern County, California, General Obligation
|
No Opt. Call
|
A2
|
684,473
|
|
|
Bonds, Series 2010B, 0.000%, 11/01/35 – AGM Insured
|
|
|
|
|
|
Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds,
|
|
|
|
|
|
Redevelopment Project, Subordinate Lien Series 2011:
|
|
|
|
|
1,000
|
6.375%, 12/01/23 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
A+ (4)
|
1,125,920
|
|
1,000
|
6.500%, 12/01/24 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
A+ (4)
|
1,128,800
|
|
1,000
|
6.625%, 12/01/25 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
A+ (4)
|
1,131,960
|
|
1,325
|
6.750%, 12/01/26 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
A+ (4)
|
1,504,034
|
|
2,410
|
Victor Elementary School District, San Bernardino County, California, General Obligation
|
No Opt. Call
|
A+
|
2,037,751
|
|
|
Bonds, Series 2002A, 0.000%, 8/01/26 – FGIC Insured
|
|
|
|
|
2,000
|
West Contra Costa Unified School District, Contra Costa County, California, General
|
8/21 at 100.00
|
A+ (4)
|
2,161,940
|
|
|
Obligation Bonds, Election 2010 Series 2011A, 5.000%, 8/01/41 (Pre-refunded 8/01/21)
|
|
|
|
|
3,750
|
Wiseburn School District, Los Angeles County, California, General Obligation Bonds,
|
8/31 at 100.00
|
Aa3
|
3,606,112
|
|
|
Series 2011B, 7.300%, 8/01/36 – AGM Insured, (5)
|
|
|
|
|
4,000
|
Yuba Community College District, California, General Obligation Bonds, Election 2006
|
8/21 at 100.00
|
Aa2 (4)
|
4,345,920
|
|
|
Series 2011C, 5.250%, 8/01/47 (Pre-refunded 8/01/21)
|
|
|
|
|
492,185
|
Total California
|
|
|
508,546,799
|
|
|
Colorado – 10.3% (6.5% of Total Investments)
|
|
|
|
|
3,000
|
Anthem West Metropolitan District, Colorado, General Obligation Bonds, Refunding
|
12/25 at 100.00
|
A3
|
3,433,590
|
|
|
Series 2015, 5.000%, 12/01/35 – BAM Insured
|
|
|
|
|
4,195
|
Boulder Larimer & Weld Counties School District RE-1J Saint Vrain Valley, Colorado,
|
12/26 at 100.00
|
Aa2
|
4,590,588
|
|
|
General Obligation Bonds, Series 2016C, 4.000%, 12/15/34
|
|
|
|
|
1,775
|
Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding &
|
12/22 at 103.00
|
N/R
|
1,903,350
|
|
|
Improvement Series 2017, 5.000%, 12/01/29, 144A
|
|
|
|
|
2,945
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
|
8/23 at 100.00
|
BB+
|
3,327,821
|
|
|
Community Leadership Academy, Inc. Second Campus Project, Series 2013, 7.350%, 8/01/43
|
|
|
|
|
1,715
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
|
8/26 at 100.00
|
A+
|
1,651,339
|
|
|
Flagstaff Academy Project, Refunding Series 2016, 3.625%, 8/01/46
|
|
|
|
|
500
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
|
1/24 at 100.00
|
A+
|
535,300
|
|
|
Liberty Common Charter School, Series 2014A, 5.000%, 1/15/44
|
|
|
|
|
1,000
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
|
8/24 at 100.00
|
A+
|
1,109,330
|
|
|
Peak-to-Peak Charter School, Refunding Series 2014, 5.000%, 8/15/30
|
|
|
|
|
3,915
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
|
6/26 at 100.00
|
A+
|
3,575,491
|
|
|
Weld County School District 6 – Frontier Academy, Refunding & Improvement Series 2016,
|
|
|
|
|
|
3.250%, 6/01/46
|
|
|
|
|
1,250
|
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University
|
No Opt. Call
|
A+
|
1,353,313
|
|
|
Corporation for Atmospheric Research Project, Refunding Series 2012A, 4.500%, 9/01/22
|
|
|
|
|
545
|
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University
|
9/27 at 100.00
|
A2
|
570,343
|
|
|
Corporation for Atmospheric Research Project, Refunding Series 2017, 3.625%, 9/01/31
|
|
|
|
|
|
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University of
|
|
|
|
|
|
Denver, Series 2017A:
|
|
|
|
|
1,200
|
4.000%, 3/01/36
|
3/27 at 100.00
|
A1
|
1,299,960
|
|
1,600
|
4.000%, 3/01/37
|
3/27 at 100.00
|
A1
|
1,725,248
|
|
1,465
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, American Baptist Homes
|
8/19 at 100.00
|
N/R (4)
|
1,486,843
|
|
|
Project, Series 2009A, 7.750%, 8/01/39 (Pre-refunded 8/01/19)
|
|
|
|
|
6,765
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health
|
7/19 at 100.00
|
BBB+
|
6,808,499
|
|
|
Initiatives, Series 2009A, 5.500%, 7/01/34
|
|
|
|
|
2,300
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health
|
2/21 at 100.00
|
BBB+
|
2,380,684
|
|
|
Initiatives, Series 2011A, 5.000%, 2/01/41
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Colorado (continued)
|
|
|
|
|
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health
|
|
|
|
|
|
Initiatives, Series 2013A:
|
|
|
|
|
$ 3,020
|
5.250%, 1/01/40
|
1/23 at 100.00
|
BBB+
|
$ 3,255,439
|
|
4,890
|
5.250%, 1/01/45
|
1/23 at 100.00
|
BBB+
|
5,258,070
|
|
4,600
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living
|
1/24 at 102.00
|
N/R
|
4,925,174
|
|
|
Neighborhoods Project, Refunding Series 2016, 5.000%, 1/01/37
|
|
|
|
|
270
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good
|
6/23 at 100.00
|
BBB
|
297,702
|
|
|
Samaritan Society Project, Series 2013, 5.625%, 6/01/43
|
|
|
|
|
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good
|
|
|
|
|
|
Samaritan Society Project, Series 2013A:
|
|
|
|
|
2,670
|
5.000%, 6/01/28
|
6/25 at 100.00
|
BBB
|
3,038,327
|
|
6,425
|
5.000%, 6/01/40
|
6/25 at 100.00
|
BBB
|
7,052,208
|
|
665
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project,
|
5/27 at 100.00
|
BB+
|
728,335
|
|
|
Refunding & Improvement Series 2017A, 5.250%, 5/15/47
|
|
|
|
|
9,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of
|
1/20 at 100.00
|
AA–
|
9,165,510
|
|
|
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
|
|
|
|
|
625
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Total Longterm Care
|
11/20 at 100.00
|
N/R (4)
|
665,575
|
|
|
National Obligated Group Project, Series 2010A, 6.000%, 11/15/30 (Pre-refunded 11/15/20)
|
|
|
|
|
1,075
|
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds,
|
12/24 at 100.00
|
BBB
|
1,164,612
|
|
|
Senior Lien Series 2017, 5.000%, 12/31/51
|
|
|
|
|
2,000
|
Colorado Mesa University, Colorado, Enterprise Revenue Bonds, Series 2012B,
|
5/21 at 100.00
|
Aa2
|
2,035,360
|
|
|
4.250%, 5/15/37
|
|
|
|
|
2,775
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
3/28 at 100.00
|
AA
|
3,269,672
|
|
|
Revenue Bonds, Refunding Series 2017C, 5.000%, 3/01/43
|
|
|
|
|
2,360
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
3/28 at 100.00
|
AA
|
2,518,096
|
|
|
Revenue Bonds, Refunding Series 2017E, 4.000%, 3/01/43
|
|
|
|
|
3,000
|
Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2014, 5.000%,
|
8/24 at 100.00
|
A2
|
3,349,710
|
|
|
8/01/44 – AGM Insured
|
|
|
|
|
7,250
|
Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2016, 5.000%, 8/01/46
|
8/26 at 100.00
|
A2
|
8,260,867
|
|
2,000
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B,
|
11/22 at 100.00
|
AA–
|
2,191,120
|
|
|
5.000%, 11/15/32
|
|
|
|
|
1,100
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien
|
11/23 at 100.00
|
A
|
1,210,209
|
|
|
Series 2013A, 5.250%, 11/15/43 (AMT)
|
|
|
|
|
4,515
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien
|
11/23 at 100.00
|
A
|
4,990,475
|
|
|
Series 2013B, 5.000%, 11/15/43
|
|
|
|
|
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien
|
|
|
|
|
|
Series 2018A:
|
|
|
|
|
20,460
|
5.000%, 12/01/43 (AMT)
|
12/28 at 100.00
|
A
|
23,878,048
|
|
29,230
|
5.000%, 12/01/48 (AMT)
|
12/28 at 100.00
|
A+
|
33,963,506
|
|
1,820
|
Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Refunding & Improvement
|
8/26 at 100.00
|
AA–
|
1,918,771
|
|
|
Series 2016A, 4.000%, 8/01/46
|
|
|
|
|
2,005
|
Denver City and County, Colorado, Special Facilities Airport Revenue Bonds, United
|
10/23 at 100.00
|
BB
|
2,162,553
|
|
|
Airlines, Inc. Project, Refunding Series 2017, 5.000%, 10/01/32 (AMT)
|
|
|
|
|
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center
|
|
|
|
|
|
Hotel, Refunding Senior Lien Series 2016:
|
|
|
|
|
2,955
|
5.000%, 12/01/28
|
12/26 at 100.00
|
Baa2
|
3,370,916
|
|
2,000
|
5.000%, 12/01/29
|
12/26 at 100.00
|
BBB–
|
2,271,580
|
|
2,635
|
5.000%, 12/01/35
|
12/26 at 100.00
|
Baa2
|
2,997,550
|
|
1,605
|
5.000%, 12/01/40
|
12/26 at 100.00
|
BBB–
|
1,798,065
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Capital Appreciation
|
|
|
|
|
|
Series 2010A:
|
|
|
|
|
385
|
0.000%, 9/01/35
|
No Opt. Call
|
BBB+
|
218,984
|
|
150
|
0.000%, 9/01/37
|
No Opt. Call
|
BBB+
|
77,762
|
|
75
|
0.000%, 9/01/38
|
No Opt. Call
|
BBB+
|
37,258
|
|
20
|
0.000%, 9/01/39
|
No Opt. Call
|
BBB+
|
9,499
|
|
110
|
0.000%, 9/01/41
|
No Opt. Call
|
BBB+
|
47,933
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Colorado (continued)
|
|
|
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B:
|
|
|
|
|
$ 1,420
|
0.000%, 9/01/23 – NPFG Insured
|
No Opt. Call
|
BBB+
|
$ 1,288,224
|
|
18,380
|
0.000%, 9/01/25 – NPFG Insured
|
No Opt. Call
|
BBB+
|
15,793,750
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:
|
|
|
|
|
1,045
|
0.000%, 9/01/29 – NPFG Insured
|
No Opt. Call
|
BBB+
|
774,188
|
|
2,175
|
0.000%, 9/01/30 – NPFG Insured
|
No Opt. Call
|
BBB+
|
1,540,792
|
|
25,050
|
0.000%, 9/01/31 – NPFG Insured
|
No Opt. Call
|
BBB+
|
16,935,804
|
|
23,305
|
0.000%, 9/01/32 – NPFG Insured
|
No Opt. Call
|
BBB+
|
15,068,547
|
|
100
|
0.000%, 9/01/33 – NPFG Insured
|
No Opt. Call
|
BBB+
|
61,931
|
|
12,500
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2006A, 0.000%,
|
9/26 at 54.77
|
BBB+
|
5,292,875
|
|
|
9/01/38 – NPFG Insured
|
|
|
|
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A:
|
|
|
|
|
385
|
0.000%, 9/01/28 – NPFG Insured
|
No Opt. Call
|
BBB+
|
297,351
|
|
60,000
|
0.000%, 3/01/36 – NPFG Insured
|
No Opt. Call
|
BBB+
|
33,201,000
|
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B:
|
|
|
|
|
345
|
0.000%, 9/01/28 – NPFG Insured
|
9/20 at 63.99
|
BBB+
|
213,327
|
|
13,000
|
0.000%, 9/01/34 – NPFG Insured
|
9/20 at 45.40
|
BBB+
|
5,672,940
|
|
14,500
|
0.000%, 3/01/36 – NPFG Insured
|
9/20 at 41.72
|
A
|
5,811,745
|
|
500
|
Eagle County Air Terminal Corporation, Colorado, Airport Terminal Project Revenue Bonds,
|
5/21 at 100.00
|
Baa2
|
534,075
|
|
|
Refunding Series 2011A, 5.500%, 5/01/22 (AMT)
|
|
|
|
|
4,000
|
Ebert Metropolitan District (In the City and County of Denver, Colorado), Limited Tax
|
12/28 at 100.00
|
A2
|
4,664,640
|
|
|
General Obligation Refunding Bonds, Series 2018A-1, 5.000%, 12/01/43 – BAM Insured
|
|
|
|
|
1,860
|
Metropolitan State University of Denver, Colorado, Institutional Enterprise Revenue
|
12/25 at 100.00
|
Aa2
|
1,964,662
|
|
|
Bonds, Aerospace and Engineering Sciences Building Project, Series 2016, 4.000%, 12/01/40
|
|
|
|
|
|
Park 70 Metropolitan District, City of Aurora, Colorado, General Obligation Refunding
|
|
|
|
|
|
and Improvement Bonds, Series 2016:
|
|
|
|
|
1,565
|
5.000%, 12/01/36
|
12/26 at 100.00
|
Baa3
|
1,706,633
|
|
2,100
|
5.000%, 12/01/46
|
12/26 at 100.00
|
Baa3
|
2,273,103
|
|
3,000
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported
|
12/19 at 100.00
|
AA (4)
|
3,080,940
|
|
|
Revenue Bonds, Refunding Series 2009, 6.250%, 12/01/30 (Pre-refunded 12/01/19) – AGC Insured
|
|
|
|
|
6,705
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported
|
12/25 at 100.00
|
A
|
7,383,144
|
|
|
Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45
|
|
|
|
|
5,715
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported
|
12/20 at 100.00
|
A2 (4)
|
6,116,936
|
|
|
Revenue Refunding Bonds, Series 2011, 6.125%, 12/01/41 (Pre-refunded 12/01/20) – AGM Insured
|
|
|
|
|
700
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado
|
No Opt. Call
|
A+
|
1,044,225
|
|
|
Springs Utilities, Series 2008, 6.500%, 11/15/38
|
|
|
|
|
|
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project
|
|
|
|
|
|
Private Activity Bonds, Series 2010:
|
|
|
|
|
2,500
|
6.500%, 1/15/30
|
7/20 at 100.00
|
BBB+
|
2,609,725
|
|
3,115
|
6.000%, 1/15/34
|
7/20 at 100.00
|
Baa3
|
3,233,432
|
|
2,615
|
6.000%, 1/15/41
|
7/20 at 100.00
|
Baa3
|
2,714,422
|
|
1,500
|
Sierra Ridge Metropolitan District 2, Douglas County, Colorado, General Obligation
|
12/21 at 103.00
|
N/R
|
1,543,410
|
|
|
Bonds, Limited Tax Series 2016A, 5.500%, 12/01/46
|
|
|
|
|
750
|
Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General
|
12/26 at 100.00
|
AA
|
851,910
|
|
|
Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Series 2016B, 5.000%, 12/01/36 –
|
|
|
|
|
|
AGM Insured
|
|
|
|
|
|
Traditions Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds,
|
|
|
|
|
|
Refunding Series 2016:
|
|
|
|
|
1,050
|
5.000%, 12/01/32 – BAM Insured
|
12/26 at 100.00
|
Baa2
|
1,207,647
|
|
1,000
|
4.125%, 12/01/37 – BAM Insured
|
12/26 at 100.00
|
Baa2
|
1,062,110
|
|
2,000
|
Vista Ridge Metropolitan District, In the Town of Erie, Weld County, Colorado, General
|
12/26 at 100.00
|
Baa1
|
2,123,020
|
|
|
Obligation Refunding Bonds, Series 2016A, 4.000%, 12/01/36 – BAM Insured
|
|
|
|
|
368,740
|
Total Colorado
|
|
|
317,947,093
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Connecticut – 1.4% (0.9% of Total Investments)
|
|
|
|
|
$ 3,430
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart
|
7/22 at 100.00
|
A2 (4)
|
$ 3,784,971
|
|
|
University, Series 2012H, 5.000%, 7/01/24 (Pre-refunded 7/01/22) – AGM Insured
|
|
|
|
|
|
Connecticut Municipal Electric Energy Cooperative, Power Supply System Revenue Bonds,
|
|
|
|
|
|
Tender Option Bond Trust 2016-XG0059:
|
|
|
|
|
1,295
|
10.721%, 1/01/32 , 144A (IF), (6)
|
1/23 at 100.00
|
A+
|
1,809,516
|
|
190
|
10.645%, 1/01/38 , 144A (IF), (6)
|
1/23 at 100.00
|
A+
|
262,211
|
|
|
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes
|
|
|
|
|
|
Series 2018A:
|
|
|
|
|
14,775
|
5.000%, 1/01/34
|
1/28 at 100.00
|
A+
|
17,067,046
|
|
6,410
|
5.000%, 1/01/37
|
1/28 at 100.00
|
A+
|
7,335,348
|
|
6,000
|
5.000%, 1/01/38
|
1/28 at 100.00
|
A+
|
6,846,120
|
|
2,500
|
Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation
|
4/20 at 100.00
|
N/R (4)
|
2,640,750
|
|
|
Revenue Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39 (Pre-refunded 4/01/20)
|
|
|
|
|
3,565
|
Hartford County Metropolitan District, Connecticut, Clean Water Project Revenue Bonds,
|
4/22 at 100.00
|
AA–
|
3,673,519
|
|
|
Series 2013A, 4.000%, 4/01/39
|
|
|
|
|
4,949
|
Mashantucket Western Pequot Tribe, Connecticut, Special Revenue Bonds, Subordinate
|
No Opt. Call
|
N/R
|
169,496
|
|
|
Series 2013A, 6.050%, 7/01/31 (cash 4.000%, PIK 2.050%)
|
|
|
|
|
43,114
|
Total Connecticut
|
|
|
43,588,977
|
|
|
Delaware – 0.3% (0.2% of Total Investments)
|
|
|
|
|
800
|
Delaware Health Facilities Authority, Revenue Bonds, Beebe Medical Center Project,
|
12/28 at 100.00
|
BBB
|
896,104
|
|
|
Series 2018, 5.000%, 6/01/48
|
|
|
|
|
7,255
|
Delaware Transportation Authority, Revenue Bonds, US 301 Project, Series 2015,
|
6/25 at 100.00
|
A1
|
8,102,964
|
|
|
5.000%, 6/01/55
|
|
|
|
|
8,055
|
Total Delaware
|
|
|
8,999,068
|
|
|
District of Columbia – 1.6% (1.0% of Total Investments)
|
|
|
|
|
935
|
District of Columbia Housing Finance Agency, GNMA Collateralized Single Family Mortgage
|
6/19 at 100.00
|
AA+
|
937,655
|
|
|
Revenue Bonds, Series 1988E-4, 6.375%, 6/01/26 (AMT)
|
|
|
|
|
4,365
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed
|
No Opt. Call
|
A–
|
4,801,456
|
|
|
Bonds, Series 2001, 6.500%, 5/15/33
|
|
|
|
|
21,000
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed
|
6/19 at 18.94
|
N/R
|
3,241,350
|
|
|
Bonds, Series 2006A, 0.000%, 6/15/46
|
|
|
|
|
23,745
|
District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Series
|
No Opt. Call
|
AA
|
25,973,231
|
|
|
1998, 5.500%, 10/01/23 – AGM Insured (UB)
|
|
|
|
|
|
District of Columbia, General Obligation Bonds, Series 1998B:
|
|
|
|
|
5,000
|
6.000%, 6/01/19 – NPFG Insured
|
No Opt. Call
|
AA+
|
5,017,600
|
|
9,505
|
6.000%, 6/01/20 – NPFG Insured
|
No Opt. Call
|
AA+
|
9,952,115
|
|
64,550
|
Total District of Columbia
|
|
|
49,923,407
|
|
|
Florida – 9.6% (6.1% of Total Investments)
|
|
|
|
|
1,480
|
Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing
|
11/23 at 100.00
|
BBB
|
1,580,418
|
|
|
Project, Series 2013A, 5.000%, 11/15/37
|
|
|
|
|
|
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter
|
|
|
|
|
|
Academy, Inc. Project, Series 2013A:
|
|
|
|
|
450
|
5.000%, 9/01/45
|
9/23 at 100.00
|
BBB
|
470,498
|
|
875
|
5.000%, 9/01/48
|
9/23 at 100.00
|
BBB
|
914,550
|
|
7,500
|
Broward County, Florida, Airport System Revenue Bonds, Series 2015A, 5.000%,
|
10/25 at 100.00
|
A+
|
8,363,250
|
|
|
10/01/45 (AMT)
|
|
|
|
|
4,315
|
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%,
|
10/21 at 100.00
|
AA (4)
|
4,666,327
|
|
|
10/01/41 (Pre-refunded 10/01/21) – AGM Insured
|
|
|
|
|
100
|
Florida Development Finance Corporation, Educational Facilities Revenue Bonds,
|
6/22 at 100.00
|
N/R
|
101,847
|
|
|
Renaissance Charter School, Inc. Projects, Series 2012A, 6.125%, 6/15/43, 144A
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
$ 4,165
|
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova
|
4/22 at 100.00
|
Baa1
|
$ 4,436,308
|
|
|
Southeastern University Project, Refunding Series 2012A, 5.000%, 4/01/32
|
|
|
|
|
1,150
|
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova
|
4/21 at 100.00
|
Baa1
|
1,232,260
|
|
|
Southeastern University, Refunding Series 2011, 6.375%, 4/01/31
|
|
|
|
|
2,000
|
Florida Ports Financing Commission, Revenue Bonds, State Transportation Trust
|
10/21 at 100.00
|
Aa3
|
2,161,360
|
|
|
Fund-Intermodal Program, Refunding Series 2011B, 5.375%, 10/01/29 (AMT)
|
|
|
|
|
|
Florida, Development Finance Corporation, Surface Transportation Facility Revenue Bonds,
|
|
|
|
|
|
Virgin Trains USA Passenger Rail Project , Series 2019A:
|
|
|
|
|
11,000
|
6.375%, 1/01/49, 144A (AMT) (Mandatory Put 1/01/26)
|
1/20 at 105.00
|
N/R
|
11,299,530
|
|
11,000
|
6.500%, 1/01/49, 144A (AMT) (Mandatory Put 1/01/29)
|
1/20 at 105.00
|
N/R
|
11,280,830
|
|
2,500
|
Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Refunding
|
10/19 at 100.00
|
AA– (4)
|
2,535,825
|
|
|
Series 2009C, 5.000%, 10/01/34 (Pre-refunded 10/01/19)
|
|
|
|
|
|
Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds,
|
|
|
|
|
|
Priority Subordinated Series 2017:
|
|
|
|
|
31,985
|
5.000%, 10/01/47 (AMT)
|
10/27 at 100.00
|
A+
|
36,805,779
|
|
8,565
|
5.000%, 10/01/52 (AMT)
|
10/27 at 100.00
|
A+
|
9,796,476
|
|
3,890
|
Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds,
|
10/26 at 100.00
|
AA–
|
4,440,824
|
|
|
Series 2016A, 5.000%, 10/01/40 (AMT)
|
|
|
|
|
6,020
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International
|
10/24 at 100.00
|
A+
|
6,692,855
|
|
|
Airport, Senior Lien Series 2015A, 5.000%, 10/01/44 (AMT)
|
|
|
|
|
5,000
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International
|
10/28 at 100.00
|
AA–
|
5,807,350
|
|
|
Airport, Series 2018E, 5.000%, 10/01/48 (AMT)
|
|
|
|
|
2,290
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International
|
10/24 at 100.00
|
A+
|
2,582,776
|
|
|
Airport, Subordinate Lien Series 2015B, 5.000%, 10/01/40
|
|
|
|
|
10,305
|
Hillsborough County Aviation Authority, Florida, Tampa International Airport Customer
|
10/24 at 100.00
|
A3
|
11,484,201
|
|
|
Facility Charge Revenue Bonds, Series 2015A, 5.000%, 10/01/44
|
|
|
|
|
5,000
|
Hillsborough County Port District, Florida, Revenue Bonds, Tampa Port Authority Project,
|
6/28 at 100.00
|
A
|
5,694,400
|
|
|
Series 2018B, 5.000%, 6/01/46 (AMT)
|
|
|
|
|
|
JEA, Florida, Water and Sewer System Revenue Bonds, Series 2010D:
|
|
|
|
|
2,690
|
5.000%, 10/01/39
|
4/20 at 100.00
|
A2
|
2,761,473
|
|
5,310
|
5.000%, 10/01/39 (Pre-refunded 4/01/20)
|
4/20 at 100.00
|
N/R (4)
|
5,471,105
|
|
5,075
|
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015,
|
11/24 at 100.00
|
A2
|
5,666,999
|
|
|
5.000%, 11/15/35
|
|
|
|
|
1,500
|
Martin County Industrial Development Authority, Florida, Industrial Development Revenue
|
6/20 at 100.00
|
Baa2
|
1,529,190
|
|
|
Refunding Bonds, Indiantown Cogeneration LP, Series 2013, 3.950%, 12/15/21, 144A (AMT)
|
|
|
|
|
9,820
|
Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City
|
2/24 at 100.00
|
A1
|
10,975,814
|
|
|
Center/Historic Convention Village, Series 2015A, 5.000%, 2/01/44 – AGM Insured
|
|
|
|
|
2,000
|
Miami Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Miami
|
7/27 at 100.00
|
BBB
|
2,185,200
|
|
|
Jewish Health System Inc. Project, Series 2017, 5.125%, 7/01/46
|
|
|
|
|
2,930
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University
|
4/23 at 100.00
|
A–
|
3,181,921
|
|
|
of Miami, Series 2012A, 5.000%, 4/01/42
|
|
|
|
|
8,070
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University
|
4/25 at 100.00
|
A–
|
8,930,988
|
|
|
of Miami, Series 2015A, 5.000%, 4/01/45
|
|
|
|
|
12,000
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University
|
4/28 at 100.00
|
A–
|
13,734,600
|
|
|
of Miami, Series 2018A, 5.000%, 4/01/53
|
|
|
|
|
1,500
|
Miami-Dade County Health Facility Authority, Florida, Hospital Revenue Bonds, Nicklaus
|
8/27 at 100.00
|
A+
|
1,711,770
|
|
|
Children’s Hospital, Refunding Series 2017, 5.000%, 8/01/42
|
|
|
|
|
1,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport,
|
10/22 at 100.00
|
A
|
1,087,930
|
|
|
Refunding Series 2012A, 5.000%, 10/01/29 (AMT)
|
|
|
|
|
1,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport,
|
10/24 at 100.00
|
A
|
1,130,020
|
|
|
Refunding Series 2014B, 5.000%, 10/01/37
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport,
|
|
|
|
|
|
Series 2010B:
|
|
|
|
|
$ 4,000
|
5.000%, 10/01/28
|
10/20 at 100.00
|
A
|
$ 4,175,000
|
|
7,890
|
5.000%, 10/01/41
|
10/20 at 100.00
|
A
|
8,205,837
|
|
5,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2014A, 5.000%,
|
10/24 at 100.00
|
A
|
5,588,150
|
|
|
10/01/35 (AMT)
|
|
|
|
|
3,410
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2015A, 5.000%,
|
10/25 at 100.00
|
A
|
3,834,204
|
|
|
10/01/38 (AMT)
|
|
|
|
|
2,865
|
Miami-Dade County, Florida, Special Obligation Bonds, Refunding Subordinate Series
|
10/22 at 100.00
|
A2
|
3,122,506
|
|
|
2012B, 5.000%, 10/01/37
|
|
|
|
|
3,000
|
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Refunding
|
7/22 at 100.00
|
AA
|
3,244,800
|
|
|
Series 2012, 5.000%, 7/01/42
|
|
|
|
|
1,000
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2010, 5.000%,
|
10/20 at 100.00
|
AA (4)
|
1,047,330
|
|
|
10/01/39 (Pre-refunded 10/01/20) – AGM Insured
|
|
|
|
|
12,370
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A,
|
10/22 at 100.00
|
AA–
|
13,472,291
|
|
|
5.000%, 10/01/42
|
|
|
|
|
4,000
|
North Sumter County Utility Dependent District, Florida, Utility Revenue Bonds,
|
10/20 at 100.00
|
AA
|
4,197,560
|
|
|
Series 2010, 5.375%, 10/01/40
|
|
|
|
|
1,665
|
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando
|
10/19 at 100.00
|
A2
|
1,689,359
|
|
|
Health, Inc., Series 2009, 5.125%, 10/01/26
|
|
|
|
|
115
|
Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Sinai Residences
|
6/22 at 102.00
|
N/R
|
128,940
|
|
|
of Boca Raton Project, Series 2014A, 7.250%, 6/01/34
|
|
|
|
|
4,635
|
Port Saint Lucie, Florida, Public Service Tax Revenue Bonds, Recovery Zone Facility Bond
|
9/24 at 100.00
|
AA–
|
5,311,942
|
|
|
Series 2014B, 5.000%, 9/01/43
|
|
|
|
|
10,095
|
Putnam County Development Authority, Florida, Pollution Control Revenue Bonds, Seminole
|
5/28 at 100.00
|
A–
|
11,594,814
|
|
|
Electric Cooperative, Inc. Project, Refunding Series 2018B, 5.000%, 3/15/42
|
|
|
|
|
|
South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health
|
|
|
|
|
|
Systems of South Florida Obligated Group, Series 2017:
|
|
|
|
|
5,770
|
5.000%, 8/15/42
|
8/27 at 100.00
|
A1
|
6,624,248
|
|
6,040
|
5.000%, 8/15/47
|
8/27 at 100.00
|
A1
|
6,905,472
|
|
705
|
Southeast Overtown/Park West Community Redevelopment Agency, Florida, Tax Increment
|
3/24 at 100.00
|
BBB+
|
782,621
|
|
|
Revenue Bonds, Series 2014A-1, 5.000%, 3/01/30, 144A
|
|
|
|
|
1,500
|
Sumter County Industrial Development Authority, Florida, Hospital Revenue Bonds, Central
|
1/24 at 100.00
|
A–
|
1,629,360
|
|
|
Florida Health Alliance Projects, Series 2014A, 5.250%, 7/01/44
|
|
|
|
|
700
|
Tampa, Florida, Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project,
|
9/22 at 100.00
|
A+
|
765,534
|
|
|
Refunding & Capital Improvement Series 2012A, 5.000%, 9/01/29
|
|
|
|
|
14,610
|
Tampa-Hillsborough County Expressway Authority, Florida, Revenue Bonds, Refunding
|
7/22 at 100.00
|
A2 (4)
|
16,098,175
|
|
|
Series 2012B, 5.000%, 7/01/42 (Pre-refunded 7/01/22)
|
|
|
|
|
195
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible,
|
6/19 at 100.00
|
N/R
|
195,094
|
|
|
Capital Appreciation, Series 2012A-3, 6.610%, 5/01/40, (5)
|
|
|
|
|
85
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible,
|
5/22 at 100.00
|
N/R
|
70,950
|
|
|
Capital Appreciation, Series 2012A-4, 6.610%, 5/01/40, (5)
|
|
|
|
|
120
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note,
|
6/19 at 100.00
|
N/R
|
1
|
|
|
Series 2007-3, 6.650%, 5/01/40, (7)
|
|
|
|
|
10
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Non
|
6/19 at 100.00
|
N/R
|
10,010
|
|
|
Performing Parcel Series 2007-1 RMKT, 6.650%, 5/01/40
|
|
|
|
|
290
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
|
6/19 at 100.00
|
N/R
|
238,113
|
|
|
Series 2015-1, 6.610%, 5/01/40
|
|
|
|
|
180
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
|
6/19 at 100.00
|
N/R
|
121,433
|
|
|
Series 2015-2, 6.610%, 5/01/40
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
$ 195
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
|
6/19 at 100.00
|
N/R
|
$ 2
|
|
|
Series 2015-3, 6.610%, 5/01/40, (7)
|
|
|
|
|
910
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
|
6/19 at 100.00
|
N/R
|
911,056
|
|
|
5.400%, 5/01/37
|
|
|
|
|
6,510
|
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson
|
6/25 at 100.00
|
A–
|
7,258,780
|
|
|
University Inc. Project, Series 2015, 5.000%, 6/01/45
|
|
|
|
|
270,350
|
Total Florida
|
|
|
297,938,256
|
|
|
Georgia – 1.5% (0.9% of Total Investments)
|
|
|
|
|
1,820
|
Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium
|
7/25 at 100.00
|
Aa3
|
2,096,258
|
|
|
Project, Senior Lien Series 2015A-1, 5.250%, 7/01/40
|
|
|
|
|
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B:
|
|
|
|
|
525
|
5.250%, 11/01/34 – AGM Insured
|
11/19 at 100.00
|
AA–
|
534,109
|
|
985
|
5.250%, 11/01/34 (Pre-refunded 11/01/19) – AGM Insured
|
11/19 at 100.00
|
AA (4)
|
1,002,937
|
|
5,000
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2015,
|
5/25 at 100.00
|
AA–
|
5,802,350
|
|
|
5.000%, 11/01/32
|
|
|
|
|
1,760
|
Dalton Development Authority, Georgia, Revenue Certificates, Hamilton Health Care System
|
No Opt. Call
|
Baa2
|
1,980,669
|
|
|
Inc., Series 1996, 5.500%, 8/15/26 – NPFG Insured
|
|
|
|
|
2,000
|
Fulton County Development Authority, Georgia, Hospital Revenue Bonds, Wellstar Health
|
4/27 at 100.00
|
A
|
2,271,500
|
|
|
System, Inc. Project, Series 2017A, 5.000%, 4/01/47
|
|
|
|
|
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation
|
|
|
|
|
|
Certificates, Northeast Georgia Health Services Inc., Series 2010A:
|
|
|
|
|
590
|
5.000%, 2/15/30
|
2/20 at 100.00
|
A
|
603,812
|
|
1,910
|
5.000%, 2/15/30 (Pre-refunded 2/15/20)
|
2/20 at 100.00
|
N/R (4)
|
1,960,175
|
|
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation
|
|
|
|
|
|
Certificates, Northeast Georgia Health Services Inc., Series 2010B:
|
|
|
|
|
710
|
5.250%, 2/15/37
|
2/20 at 100.00
|
AA–
|
726,763
|
|
2,290
|
5.250%, 2/15/37 (Pre-refunded 2/15/20)
|
2/20 at 100.00
|
N/R (4)
|
2,354,624
|
|
10,260
|
Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project J Bonds,
|
7/25 at 100.00
|
Baa3
|
10,634,387
|
|
|
Series 2015A, 5.000%, 7/01/60
|
|
|
|
|
1,000
|
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B,
|
No Opt. Call
|
A–
|
1,025,790
|
|
|
5.000%, 3/15/20
|
|
|
|
|
1,460
|
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2019A,
|
5/29 at 100.00
|
A3
|
1,664,225
|
|
|
5.000%, 5/15/43
|
|
|
|
|
825
|
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds,
|
No Opt. Call
|
N/R (4)
|
848,042
|
|
|
Refunding Series 1992P, 6.250%, 7/01/20 – AMBAC Insured (ETM)
|
|
|
|
|
3,265
|
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Third
|
7/26 at 100.00
|
AA–
|
3,794,583
|
|
|
Indenture, Series 2015B, 5.000%, 7/01/41
|
|
|
|
|
5,000
|
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University,
|
10/26 at 100.00
|
AA+
|
5,819,650
|
|
|
Refunding Series 2016A, 5.000%, 10/01/46
|
|
|
|
|
1,220
|
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University,
|
10/21 at 100.00
|
Baa1
|
1,307,620
|
|
|
Series 2012A, 5.250%, 10/01/27
|
|
|
|
|
1,425
|
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South
|
10/21 at 100.00
|
AA–
|
1,510,771
|
|
|
Georgia Medical Center Project, Series 2011B, 5.000%, 10/01/41
|
|
|
|
|
42,045
|
Total Georgia
|
|
|
45,938,265
|
|
|
Guam – 0.1% (0.1% of Total Investments)
|
|
|
|
|
765
|
Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.000%, 1/01/31
|
1/22 at 100.00
|
BB
|
796,992
|
|
1,770
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds,
|
7/20 at 100.00
|
BBB– (4)
|
1,851,367
|
|
|
Series 2010, 5.625%, 7/01/40 (Pre-refunded 7/01/20)
|
|
|
|
|
1,220
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds,
|
7/23 at 100.00
|
BBB–
|
1,323,639
|
|
|
Series 2013, 5.500%, 7/01/43
|
|
|
|
|
3,755
|
Total Guam
|
|
|
3,971,998
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Hawaii – 1.6% (1.0% of Total Investments)
|
|
|
|
|
$ 13,000
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific
|
7/23 at 100.00
|
A1
|
$ 14,474,460
|
|
|
Health Obligated Group, Series 2013A, 5.500%, 7/01/43
|
|
|
|
|
6,000
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian
|
3/27 at 100.00
|
Baa2
|
6,129,360
|
|
|
Electric Company, Inc. and Subsidiary Projects, Refunding Series 2017B, 4.000%, 3/01/37 (AMT)
|
|
|
|
|
11,205
|
Hawaii State, Airport System Revenue Bonds, Series 2015A, 5.000%, 7/01/45 (AMT)
|
7/25 at 100.00
|
A1
|
12,548,031
|
|
10,000
|
Hawaii State, Airport System Revenue Bonds, Series 2018A, 5.000%, 7/01/48 (AMT)
|
7/28 at 100.00
|
A1
|
11,580,200
|
|
5,000
|
Hawaii State, General Obligation Bonds, Series 2017FK, 4.000%, 5/01/35
|
5/27 at 100.00
|
AA
|
5,468,250
|
|
45,205
|
Total Hawaii
|
|
|
50,200,301
|
|
|
Idaho – 0.7% (0.5% of Total Investments)
|
|
|
|
|
5,000
|
Idaho Health Facilities Authority, Hospital Revenue Bonds, CHE Trinity Health Group,
|
12/27 at 100.00
|
AA–
|
5,778,050
|
|
|
Series 2017A, 5.000%, 12/01/47
|
|
|
|
|
11,205
|
Idaho Health Facilities Authority, Hospital Revenue Bonds, CHE Trinity Health Group,
|
6/27 at 100.00
|
AA–
|
12,870,960
|
|
|
Series 2017ID, 5.000%, 12/01/46
|
|
|
|
|
1,700
|
Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project,
|
9/26 at 100.00
|
BB+
|
1,902,623
|
|
|
Refunding Series 2016, 5.000%, 9/01/29
|
|
|
|
|
|
Idaho Water Resource Board, Water Resource Loan Program Revenue, Ground Water Rights
|
|
|
|
|
|
Mitigation Series 2012A:
|
|
|
|
|
1,155
|
4.750%, 9/01/26
|
9/22 at 100.00
|
A3
|
1,253,891
|
|
310
|
5.000%, 9/01/32
|
9/22 at 100.00
|
A3
|
337,664
|
|
19,370
|
Total Idaho
|
|
|
22,143,188
|
|
|
Illinois – 19.2% (12.1% of Total Investments)
|
|
|
|
|
|
Bensenville, Illinois, General Obligation Bonds, Series 2011A:
|
|
|
|
|
1,055
|
5.000%, 12/15/30 – AGM Insured
|
12/21 at 100.00
|
AA
|
1,120,874
|
|
1,945
|
5.000%, 12/15/30 (Pre-refunded 12/15/21) – AGM Insured
|
12/21 at 100.00
|
AA (4)
|
2,110,811
|
|
6,000
|
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds,
|
4/27 at 100.00
|
A
|
6,952,440
|
|
|
Series 2016, 6.000%, 4/01/46
|
|
|
|
|
1,470
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues
|
12/21 at 100.00
|
B2
|
1,499,180
|
|
|
Series 2011A, 5.000%, 12/01/41
|
|
|
|
|
9,250
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/25 at 100.00
|
BB–
|
10,829,622
|
|
|
Series 2016A, 7.000%, 12/01/44
|
|
|
|
|
2,400
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/26 at 100.00
|
B+
|
2,761,008
|
|
|
Series 2016B, 6.500%, 12/01/46
|
|
|
|
|
11,295
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/27 at 100.00
|
B+
|
13,692,928
|
|
|
Series 2017A, 7.000%, 12/01/46, 144A
|
|
|
|
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated
|
|
|
|
|
|
Tax Revenues, Series 1998B-1:
|
|
|
|
|
10,000
|
0.000%, 12/01/20 – FGIC Insured
|
No Opt. Call
|
B+
|
9,541,200
|
|
10,130
|
0.000%, 12/01/24 – FGIC Insured
|
No Opt. Call
|
Baa2
|
8,380,144
|
|
7,140
|
0.000%, 12/01/25 – FGIC Insured
|
No Opt. Call
|
B+
|
5,675,729
|
|
4,325
|
0.000%, 12/01/29 – FGIC Insured
|
No Opt. Call
|
B+
|
2,880,623
|
|
4,235
|
0.000%, 12/01/31 – FGIC Insured
|
No Opt. Call
|
B+
|
2,543,922
|
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated
|
|
|
|
|
|
Tax Revenues, Series 1999A:
|
|
|
|
|
15,000
|
0.000%, 12/01/21 – FGIC Insured
|
No Opt. Call
|
B+
|
13,848,750
|
|
10,000
|
0.000%, 12/01/23 – FGIC Insured
|
No Opt. Call
|
B+
|
8,588,700
|
|
8,845
|
5.500%, 12/01/26 – NPFG Insured
|
No Opt. Call
|
B+
|
9,931,520
|
|
7,900
|
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011,
|
12/21 at 100.00
|
A3
|
8,317,989
|
|
|
5.250%, 12/01/40
|
|
|
|
|
1,594
|
Chicago, Illinois, Certificates of Participation Tax Increment Revenue Notes,
|
5/19 at 100.00
|
Ba3
|
1,594,868
|
|
|
Fullerton/Milwaukee Redevelopment Project, Series 2011A, 6.830%, 3/15/24
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
|
Chicago, Illinois, FHA/GNMA Multifamily Housing Revenue Bonds, Archer Court Apartments,
|
|
|
|
|
|
Series 1999A:
|
|
|
|
|
$ 45
|
5.500%, 12/20/19 (AMT)
|
6/19 at 100.00
|
N/R
|
$ 45,117
|
|
1,210
|
5.600%, 12/20/29 (AMT)
|
6/19 at 100.00
|
AA–
|
1,212,565
|
|
1,925
|
5.650%, 12/20/40 (AMT)
|
6/19 at 100.00
|
AA–
|
1,928,272
|
|
|
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport,
|
|
|
|
|
|
Refunding Senior Lien Series 2018A:
|
|
|
|
|
5,450
|
5.000%, 1/01/48 (AMT)
|
1/29 at 100.00
|
A
|
6,271,315
|
|
10,285
|
5.000%, 1/01/53 (AMT)
|
1/29 at 100.00
|
A
|
11,754,109
|
|
2,245
|
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Senior
|
1/25 at 100.00
|
A
|
2,472,351
|
|
|
Lien Series 2015C, 5.000%, 1/01/46 (AMT)
|
|
|
|
|
|
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Senior
|
|
|
|
|
|
Lien Series 2017D:
|
|
|
|
|
11,250
|
5.000%, 1/01/42 (AMT)
|
1/27 at 100.00
|
A
|
12,696,525
|
|
3,000
|
5.000%, 1/01/47 (AMT)
|
1/27 at 100.00
|
A
|
3,374,760
|
|
|
Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999:
|
|
|
|
|
4,115
|
0.000%, 1/01/33 – FGIC Insured
|
No Opt. Call
|
BBB–
|
2,417,069
|
|
29,600
|
0.000%, 1/01/38 – FGIC Insured
|
No Opt. Call
|
BBB–
|
13,654,776
|
|
11,675
|
Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A,
|
1/27 at 100.00
|
BBB–
|
13,320,708
|
|
|
6.000%, 1/01/38
|
|
|
|
|
|
Chicago, Illinois, General Obligation Bonds, Series 2019A:
|
|
|
|
|
4,000
|
5.000%, 1/01/44
|
1/29 at 100.00
|
BBB–
|
4,248,560
|
|
3,630
|
5.500%, 1/01/49
|
1/29 at 100.00
|
BBB–
|
4,010,569
|
|
22,750
|
Chicago, Illinois, General Obligation Refunding Bonds, Emergency Telephone System,
|
No Opt. Call
|
BBB–
|
24,336,585
|
|
|
Series 1999, 5.500%, 1/01/23 – FGIC Insured
|
|
|
|
|
6,280
|
Chicago, Illinois, Sales Tax Revenue Bonds, Series 2011A, 5.000%, 1/01/41
|
1/22 at 100.00
|
N/R (4)
|
6,824,225
|
|
|
(Pre-refunded 1/01/22)
|
|
|
|
|
6,410
|
Chicago, Illinois, Wastewater Transmission Revenue Bonds, Second Lien Series 2001A,
|
No Opt. Call
|
Baa2
|
7,577,069
|
|
|
5.500%, 1/01/30 – NPFG Insured
|
|
|
|
|
1,500
|
Chicago, Illinois, Water Revenue Bonds, Senior Lien Series 2001, 5.750%, 11/01/30 –
|
No Opt. Call
|
Baa2
|
1,844,205
|
|
|
AMBAC Insured
|
|
|
|
|
4,500
|
Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago
|
12/27 at 100.00
|
A+
|
5,005,260
|
|
|
City Colleges, Series 2017, 5.000%, 12/01/47
|
|
|
|
|
13,310
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2010A,
|
11/20 at 100.00
|
AA–
|
13,845,861
|
|
|
5.250%, 11/15/33
|
|
|
|
|
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2018:
|
|
|
|
|
4,800
|
5.000%, 11/15/34
|
11/26 at 100.00
|
A2
|
5,360,832
|
|
3,250
|
5.000%, 11/15/35
|
11/26 at 100.00
|
AA–
|
3,618,225
|
|
|
Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural
|
|
|
|
|
|
History, Series 2002RMKT:
|
|
|
|
|
5,000
|
4.450%, 11/01/36
|
11/25 at 102.00
|
A2
|
5,390,400
|
|
815
|
4.500%, 11/01/36
|
11/24 at 100.00
|
A
|
860,893
|
|
2,785
|
5.500%, 11/01/36
|
11/23 at 100.00
|
A
|
3,063,667
|
|
410
|
Illinois Finance Authority, Charter School Revenue Bonds, Intrinsic Charter Schools
|
12/25 at 100.00
|
N/R
|
424,830
|
|
|
Belmont School Project, Series 2015A, 6.000%, 12/01/45, 144A
|
|
|
|
|
13,955
|
Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding
|
5/25 at 100.00
|
Aa3
|
15,518,239
|
|
|
Series 2015, 5.000%, 5/01/45 (UB), (6)
|
|
|
|
|
2,000
|
Illinois Finance Authority, Revenue Bonds, Art Institute of Chicago, Series 2016,
|
3/26 at 100.00
|
AA–
|
2,109,380
|
|
|
4.000%, 3/01/38
|
|
|
|
|
2,500
|
Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network,
|
2/27 at 100.00
|
Aa2
|
2,928,475
|
|
|
Series 2016C, 5.000%, 2/15/33
|
|
|
|
|
4,985
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012,
|
9/22 at 100.00
|
AA+
|
5,421,038
|
|
|
5.000%, 9/01/32
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A:
|
|
|
|
|
$ 4,750
|
5.000%, 9/01/39
|
9/24 at 100.00
|
AA+
|
$ 5,273,782
|
|
6,000
|
5.000%, 9/01/42
|
9/24 at 100.00
|
AA+
|
6,636,540
|
|
4,125
|
Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009B, 5.500%,
|
11/19 at 100.00
|
N/R (4)
|
4,204,159
|
|
|
11/01/39 (Pre-refunded 11/01/19)
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding
|
|
|
|
|
|
Series 2010A:
|
|
|
|
|
100
|
6.000%, 5/15/39
|
5/20 at 100.00
|
A
|
102,664
|
|
615
|
6.000%, 5/15/39 (Pre-refunded 5/15/20)
|
5/20 at 100.00
|
N/R (4)
|
642,103
|
|
10,745
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A,
|
11/25 at 100.00
|
A
|
11,746,864
|
|
|
5.000%, 11/15/45
|
|
|
|
|
12,125
|
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C,
|
5/20 at 100.00
|
AA–
|
12,432,005
|
|
|
5.125%, 5/15/35
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A:
|
|
|
|
|
50
|
7.750%, 8/15/34 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
50,863
|
|
4,995
|
7.750%, 8/15/34 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
5,081,214
|
|
|
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago,
|
|
|
|
|
|
Series 2013A:
|
|
|
|
|
415
|
5.500%, 7/01/28
|
7/23 at 100.00
|
A–
|
466,834
|
|
390
|
6.000%, 7/01/43
|
7/23 at 100.00
|
A–
|
437,108
|
|
4,250
|
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated
|
5/25 at 100.00
|
A+
|
4,674,235
|
|
|
Group, Series 2015B, 5.000%, 11/15/39
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
|
|
|
|
|
|
Refunding Series 2015C:
|
|
|
|
|
560
|
5.000%, 8/15/35
|
8/25 at 100.00
|
Baa1
|
622,916
|
|
3,745
|
5.000%, 8/15/44
|
8/25 at 100.00
|
Baa1
|
4,106,243
|
|
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
|
|
|
|
|
|
Series 2009:
|
|
|
|
|
2,000
|
6.875%, 8/15/38 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
2,029,800
|
|
3,000
|
7.000%, 8/15/44 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
3,045,420
|
|
1,000
|
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises,
|
3/20 at 100.00
|
A2 (4)
|
1,029,720
|
|
|
Inc., Series 2005 Remarketed, 5.250%, 3/01/30 (Pre-refunded 3/01/20) – AGM Insured
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center,
|
|
|
|
|
|
Series 2009B:
|
|
|
|
|
470
|
5.000%, 8/15/26 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
N/R (4)
|
489,942
|
|
930
|
5.000%, 8/15/26
|
8/20 at 100.00
|
AA–
|
965,135
|
|
2,500
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center,
|
2/21 at 100.00
|
AA– (4)
|
2,666,375
|
|
|
Series 2011C, 5.500%, 8/15/41 (Pre-refunded 2/15/21) (UB), (6)
|
|
|
|
|
3,000
|
Illinois Finance Authority, Revenue Bonds, University of Chicago, Refunding
|
10/25 at 100.00
|
AA+
|
3,378,810
|
|
|
Series 2015A, 5.000%, 10/01/46
|
|
|
|
|
11,140
|
Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A,
|
10/21 at 100.00
|
AA–
|
11,772,863
|
|
|
5.000%, 10/01/51
|
|
|
|
|
2,000
|
Illinois Health Facilities Authority, Revenue Bonds, Midwest Care Center I Inc.,
|
5/19 at 100.00
|
Aa1
|
2,008,940
|
|
|
Series 2001, 5.950%, 2/20/36
|
|
|
|
|
1,830
|
Illinois Sports Facility Authority, State Tax Supported Bonds, Refunding Series 2014,
|
6/24 at 100.00
|
BBB–
|
2,037,870
|
|
|
5.250%, 6/15/32 – AGM Insured
|
|
|
|
|
|
Illinois State, General Obligation Bonds, February Series 2014:
|
|
|
|
|
3,500
|
5.250%, 2/01/30
|
2/24 at 100.00
|
BBB–
|
3,741,290
|
|
4,100
|
5.250%, 2/01/31
|
2/24 at 100.00
|
BBB–
|
4,366,459
|
|
3,200
|
5.250%, 2/01/32
|
2/24 at 100.00
|
BBB–
|
3,399,488
|
|
2,000
|
5.250%, 2/01/33
|
2/24 at 100.00
|
BBB–
|
2,120,680
|
|
1,575
|
5.250%, 2/01/34
|
2/24 at 100.00
|
BBB–
|
1,666,901
|
|
2,000
|
5.000%, 2/01/39
|
2/24 at 100.00
|
BBB–
|
2,077,120
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
$ 8,250
|
Illinois State, General Obligation Bonds, January Series 2016, 5.000%, 1/01/32
|
1/26 at 100.00
|
BBB–
|
$ 8,824,200
|
|
1,025
|
Illinois State, General Obligation Bonds, March Series 2012, 5.000%, 3/01/34
|
3/22 at 100.00
|
BBB–
|
1,057,821
|
|
450
|
Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/39
|
5/24 at 100.00
|
BBB–
|
468,027
|
|
1,500
|
Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/37
|
11/26 at 100.00
|
BBB–
|
1,592,100
|
|
|
Illinois State, General Obligation Bonds, October Series 2016:
|
|
|
|
|
3,790
|
5.000%, 2/01/26
|
No Opt. Call
|
BBB–
|
4,149,330
|
|
3,510
|
5.000%, 2/01/28
|
2/27 at 100.00
|
BBB–
|
3,865,247
|
|
2,375
|
Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/25
|
8/22 at 100.00
|
BBB–
|
2,501,469
|
|
|
Illinois State, General Obligation Bonds, Series 2013:
|
|
|
|
|
2,500
|
5.250%, 7/01/31
|
7/23 at 100.00
|
BBB–
|
2,646,025
|
|
1,520
|
5.500%, 7/01/38
|
7/23 at 100.00
|
BBB–
|
1,607,962
|
|
2,020
|
Illinois State, Sales Tax Revenue Bonds, Build Illinois Series 2011, 3.750%, 6/15/25
|
6/21 at 100.00
|
BBB
|
2,038,402
|
|
1,395
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A,
|
1/23 at 100.00
|
AA–
|
1,519,462
|
|
|
5.000%, 1/01/38
|
|
|
|
|
4,685
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A,
|
7/25 at 100.00
|
AA–
|
5,293,909
|
|
|
5.000%, 1/01/40
|
|
|
|
|
4,435
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015B,
|
1/26 at 100.00
|
AA–
|
5,028,093
|
|
|
5.000%, 1/01/40
|
|
|
|
|
1,815
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust
|
1/23 at 100.00
|
A1
|
2,463,227
|
|
|
2015-XF0051, 11.222%, 1/01/38 , 144A (IF)
|
|
|
|
|
1,875
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust
|
1/23 at 100.00
|
A1
|
2,544,169
|
|
|
2015-XF0052, 11.217%, 1/01/38 , 144A (IF)
|
|
|
|
|
2,000
|
Kane & DeKalb Counties Community Unit School District 301, Illinois, General Obligation
|
No Opt. Call
|
Aa2
|
1,897,540
|
|
|
Bonds, Series 2006, 0.000%, 12/01/21 – NPFG Insured
|
|
|
|
|
1,510
|
Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Alternate
|
1/21 at 100.00
|
A2
|
1,581,151
|
|
|
Revenue Source Series 2011A, 5.250%, 1/01/39 – AGM Insured
|
|
|
|
|
9,000
|
McHenry County Community Unit School District 200, Woodstock, Illinois, General
|
No Opt. Call
|
Aa2
|
8,269,560
|
|
|
Obligation Bonds, Series 2006B, 0.000%, 1/15/23 – FGIC Insured
|
|
|
|
|
1,890
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
12/25 at 100.00
|
BBB–
|
2,006,500
|
|
|
Bonds, Refunding Series 2015B, 5.000%, 6/15/52
|
|
|
|
|
5,000
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
12/25 at 100.00
|
BBB–
|
5,446,850
|
|
|
Bonds, Series 2015A, 5.500%, 6/15/53
|
|
|
|
|
1,500
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
12/27 at 100.00
|
BBB–
|
1,607,250
|
|
|
Bonds, Series 2017A, 5.000%, 6/15/57
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
|
|
|
|
|
Refunding Bonds, Series 2010A:
|
|
|
|
|
2,585
|
5.500%, 6/15/50 (Pre-refunded 6/15/20)
|
6/20 at 100.00
|
BBB– (4)
|
2,694,888
|
|
8,055
|
5.500%, 6/15/50
|
6/20 at 100.00
|
Ba1
|
8,191,371
|
|
1,050
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
6/20 at 100.00
|
BBB–
|
1,076,009
|
|
|
Expansion Project, Capital Appreciation Refunding Series 2010B-1, 5.000%, 6/15/50
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
|
|
|
|
|
Expansion Project, Refunding Series 1996A:
|
|
|
|
|
6,015
|
0.000%, 12/15/21 – NPFG Insured
|
No Opt. Call
|
Baa2
|
5,627,454
|
|
12,250
|
0.000%, 12/15/22 – NPFG Insured
|
No Opt. Call
|
BBB–
|
11,121,530
|
|
23,575
|
0.000%, 12/15/23 – NPFG Insured
|
No Opt. Call
|
BBB–
|
20,733,034
|
|
10,775
|
0.000%, 12/15/24 – NPFG Insured
|
No Opt. Call
|
BBB–
|
9,166,292
|
|
2,685
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
6/20 at 100.00
|
BBB
|
2,715,904
|
|
|
Expansion Project, Refunding Series 2010B-2, 5.000%, 6/15/50
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
|
|
|
|
|
Expansion Project, Series 2002A:
|
|
|
|
|
$ 155
|
0.000%, 12/15/23 (ETM)
|
No Opt. Call
|
N/R (4)
|
$ 141,839
|
|
6,610
|
0.000%, 12/15/23
|
No Opt. Call
|
BBB
|
5,813,164
|
|
5,000
|
0.000%, 12/15/34 – NPFG Insured
|
No Opt. Call
|
BBB–
|
2,779,000
|
|
1,100
|
0.000%, 12/15/35 – NPFG Insured
|
No Opt. Call
|
BBB
|
584,804
|
|
3,805
|
0.000%, 6/15/41 – NPFG Insured
|
No Opt. Call
|
BBB–
|
1,517,092
|
|
2,750
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
No Opt. Call
|
AA+ (4)
|
3,299,340
|
|
|
Hospitality Facility, Series 1996A, 7.000%, 7/01/26 (ETM)
|
|
|
|
|
|
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds,
|
|
|
|
|
|
Series 2010:
|
|
|
|
|
1,550
|
5.250%, 6/01/21
|
No Opt. Call
|
A
|
1,652,315
|
|
800
|
6.000%, 6/01/28 (Pre-refunded 6/01/21)
|
6/21 at 100.00
|
N/R (4)
|
870,872
|
|
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
|
|
|
|
|
Illinois, General Obligation Bonds, Series 1999:
|
|
|
|
|
22,650
|
5.750%, 6/01/19 – AGM Insured
|
No Opt. Call
|
A2
|
22,719,988
|
|
3,500
|
5.750%, 6/01/23 – AGM Insured
|
No Opt. Call
|
A2
|
3,928,190
|
|
2,395
|
Southwestern Illinois Development Authority, Local Government Revenue Bonds,
|
No Opt. Call
|
AA
|
2,176,648
|
|
|
Edwardsville Community Unit School District 7 Project, Series 2007, 0.000%, 12/01/22 –
|
|
|
|
|
|
AGM Insured
|
|
|
|
|
|
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015:
|
|
|
|
|
2,250
|
5.000%, 3/01/29
|
3/25 at 100.00
|
A3
|
2,557,305
|
|
3,505
|
5.000%, 3/01/40 – AGM Insured
|
3/25 at 100.00
|
A2
|
3,882,839
|
|
|
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013:
|
|
|
|
|
1,580
|
6.000%, 10/01/32
|
10/23 at 100.00
|
A–
|
1,793,837
|
|
9,625
|
6.250%, 10/01/38
|
10/23 at 100.00
|
Baa1
|
10,971,152
|
|
2,745
|
6.000%, 10/01/42
|
10/23 at 100.00
|
Baa1
|
3,093,368
|
|
4,930
|
Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation
|
No Opt. Call
|
A2
|
4,451,100
|
|
|
Bonds, Series 2006, 0.000%, 1/01/23 – AGM Insured
|
|
|
|
|
597,359
|
Total Illinois
|
|
|
595,048,160
|
|
|
Indiana – 1.9% (1.2% of Total Investments)
|
|
|
|
|
6,180
|
Crown Point Multi-School Building Corporation, Indiana, First Mortgage Bonds, Crown
|
No Opt. Call
|
Baa2
|
5,745,422
|
|
|
Point Community School Corporation, Series 2000, 0.000%, 1/15/23 – NPFG Insured
|
|
|
|
|
1,555
|
Indiana Finance Authority, Educational Facilities Revenue Bonds, Butler University
|
2/22 at 100.00
|
A–
|
1,673,569
|
|
|
Project, Refunding Series 2012B, 5.000%, 2/01/28
|
|
|
|
|
1,050
|
Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For
|
10/19 at 100.00
|
B
|
1,056,878
|
|
|
Educational Excellence, Inc., Series 2009A, 7.000%, 10/01/39
|
|
|
|
|
2,865
|
Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project,
|
5/23 at 100.00
|
A
|
3,102,709
|
|
|
Series 2012A, 5.000%, 5/01/42
|
|
|
|
|
1,500
|
Indiana Finance Authority, Hospital Revenue Bonds, Floyd Memorial Hospital and Health
|
3/20 at 100.00
|
N/R (4)
|
1,542,555
|
|
|
Services Project, Refunding Series 2010, 5.125%, 3/01/30 (Pre-refunded 3/02/20)
|
|
|
|
|
7,480
|
Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation
|
6/25 at 100.00
|
AA
|
8,358,002
|
|
|
Group, Refunding 2015A, 5.000%, 12/01/40
|
|
|
|
|
|
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
|
|
|
|
|
|
Project, Series 2013A:
|
|
|
|
|
3,015
|
5.000%, 7/01/44 (AMT)
|
7/23 at 100.00
|
BBB+
|
3,254,542
|
|
1,420
|
5.000%, 7/01/48 (AMT)
|
7/23 at 100.00
|
BBB+
|
1,529,567
|
|
1,500
|
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
|
7/23 at 100.00
|
BBB+
|
1,622,610
|
|
|
Project, Series 2013B, 5.000%, 7/01/40 (AMT)
|
|
|
|
|
4,170
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding
|
12/19 at 100.00
|
AA– (4)
|
4,257,320
|
|
|
Series 2009A, 5.250%, 12/01/38 (Pre-refunded 12/01/19)
|
|
|
|
|
2,500
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding
|
12/20 at 100.00
|
AA– (4)
|
2,626,075
|
|
|
Series 2010B, 5.000%, 12/01/37 (Pre-refunded 12/01/20)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Indiana (continued)
|
|
|
|
|
$ 5,115
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project,
|
10/26 at 100.00
|
A
|
$ 5,879,641
|
|
|
First Lien Green Series 2016A, 5.000%, 10/01/41
|
|
|
|
|
2,750
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project,
|
10/21 at 100.00
|
A2
|
2,932,243
|
|
|
Series 2011B, 5.000%, 10/01/41
|
|
|
|
|
4,500
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project,
|
10/22 at 100.00
|
A1
|
4,613,715
|
|
|
Series 2012A, 4.000%, 10/01/42
|
|
|
|
|
4,375
|
Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding
|
7/26 at 100.00
|
A+
|
5,004,431
|
|
|
Series 2016A, 5.000%, 1/01/42
|
|
|
|
|
3,985
|
Valparaiso, Indiana, Exempt Facilities Revenue Bonds, Pratt Paper LLC Project,
|
1/24 at 100.00
|
N/R
|
4,637,384
|
|
|
Series 2013, 7.000%, 1/01/44 (AMT)
|
|
|
|
|
53,960
|
Total Indiana
|
|
|
57,836,663
|
|
|
Iowa – 1.5% (0.9% of Total Investments)
|
|
|
|
|
1,505
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc.
|
8/22 at 100.00
|
Ba2
|
1,557,976
|
|
|
Project, Series 2012, 4.750%, 8/01/42
|
|
|
|
|
1,335
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer
|
12/23 at 100.00
|
B–
|
1,439,491
|
|
|
Company Project, Series 2013, 5.250%, 12/01/25
|
|
|
|
|
1,710
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer
|
6/19 at 105.00
|
B–
|
1,797,347
|
|
|
Company Project, Series 2016, 5.875%, 12/01/26, 144A
|
|
|
|
|
1,990
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer
|
12/22 at 105.00
|
B+
|
2,134,016
|
|
|
Company Project, Series 2018B, 5.250%, 12/01/50 (Mandatory Put 12/01/22)
|
|
|
|
|
3,000
|
Iowa Student Loan Liquidity Corporation, Student Loan Revenue Bonds, Refunding
|
12/19 at 100.00
|
AAA
|
3,060,270
|
|
|
Series 2009-2, 5.500%, 12/01/25
|
|
|
|
|
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:
|
|
|
|
|
24,420
|
5.500%, 6/01/42
|
6/19 at 100.00
|
B2
|
24,175,800
|
|
12,100
|
5.625%, 6/01/46
|
6/19 at 100.00
|
B
|
11,974,160
|
|
46,060
|
Total Iowa
|
|
|
46,139,060
|
|
|
Kansas – 0.3% (0.2% of Total Investments)
|
|
|
|
|
1,240
|
Johnson and Miami Counties Unified School District 230, Kansas, General Obligation
|
9/21 at 100.00
|
Aa3
|
1,332,789
|
|
|
Bonds, Series 2011A, 5.000%, 9/01/26
|
|
|
|
|
|
Kansas Development Finance Authority, Hospital Revenue Bonds, Adventist Health
|
|
|
|
|
|
System/Sunbelt Obligated Group, Series 2009C:
|
|
|
|
|
35
|
5.500%, 11/15/29 (Pre-refunded 11/15/19)
|
11/19 at 100.00
|
N/R (4)
|
35,695
|
|
1,505
|
5.500%, 11/15/29
|
11/19 at 100.00
|
AA
|
1,533,670
|
|
3,965
|
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Series 2018A,
|
7/28 at 100.00
|
A
|
4,543,692
|
|
|
5.000%, 7/01/48
|
|
|
|
|
1,610
|
Overland Park Development Corporation, Kansas, First Tier Revenue Bonds, Overland Park
|
6/19 at 100.00
|
Ba3
|
1,612,625
|
|
|
Convention Center, Series 2007A, 5.125%, 1/01/22 – AMBAC Insured
|
|
|
|
|
430
|
Overland Park Transportation Development District, Kansas, Sales Tax Revenue Bonds, Oak
|
4/20 at 100.00
|
BBB
|
439,619
|
|
|
Park Mall Project, Series 2010, 5.900%, 4/01/32
|
|
|
|
|
8,785
|
Total Kansas
|
|
|
9,498,090
|
|
|
Kentucky – 1.7% (1.1% of Total Investments)
|
|
|
|
|
5,540
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist
|
8/21 at 100.00
|
Baa1
|
5,864,035
|
|
|
Healthcare System Obligated Group, Series 2011, 5.250%, 8/15/46
|
|
|
|
|
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro
|
|
|
|
|
|
Medical Health System, Series 2010A:
|
|
|
|
|
2,000
|
6.000%, 6/01/30 (Pre-refunded 6/01/20)
|
6/20 at 100.00
|
BB+ (4)
|
2,092,760
|
|
5,500
|
6.500%, 3/01/45 (Pre-refunded 6/01/20)
|
6/20 at 100.00
|
Baa3 (4)
|
5,783,800
|
|
2,730
|
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky
|
7/25 at 100.00
|
Baa2
|
2,902,836
|
|
|
Information Highway Project, Senior Series 2015A, 5.000%, 1/01/45
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Kentucky (continued)
|
|
|
|
|
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
|
|
|
|
|
Downtown Crossing Project, Convertible Capital Appreciation Series 2013C:
|
|
|
|
|
$ 4,790
|
6.750%, 7/01/43, (5)
|
7/31 at 100.00
|
Baa3
|
$ 4,840,199
|
|
3,655
|
6.875%, 7/01/46, (5)
|
7/31 at 100.00
|
Baa3
|
3,700,395
|
|
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
|
|
|
|
|
Downtown Crossing Project, Series 2013A:
|
|
|
|
|
8,360
|
5.750%, 7/01/49
|
7/23 at 100.00
|
Baa3
|
9,123,101
|
|
585
|
6.000%, 7/01/53
|
7/23 at 100.00
|
Baa3
|
641,651
|
|
9,195
|
Lexington-Fayette Urban County Government Public Facilities Corporation, Kentucky State
|
6/21 at 100.00
|
A–
|
9,672,956
|
|
|
Lease Revenue Bonds, Eastern State Hospital Project, Series 2011A, 5.250%, 6/01/30
|
|
|
|
|
|
Pikeville, Kentucky, Hospital Revenue Bonds, Pikeville Medical Center, Inc. Project,
|
|
|
|
|
|
Improvement and Refunding Series 2011:
|
|
|
|
|
495
|
6.250%, 3/01/31 (Pre-refunded 3/01/21)
|
3/21 at 100.00
|
Baa2 (4)
|
535,877
|
|
4,505
|
6.250%, 3/01/31
|
3/21 at 100.00
|
Baa2
|
4,779,445
|
|
1,375
|
6.500%, 3/01/41
|
3/21 at 100.00
|
N/R
|
1,462,574
|
|
48,730
|
Total Kentucky
|
|
|
51,399,629
|
|
|
Louisiana – 3.2% (2.0% of Total Investments)
|
|
|
|
|
4,955
|
Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala
|
7/23 at 100.00
|
N/R
|
5,292,138
|
|
|
Warehousing (US) LLC Project, Series 2013, 6.000%, 7/01/36
|
|
|
|
|
2,665
|
East Baton Rouge Sewerage Commission, Louisiana, Revenue Bonds, Refunding Series 2014B,
|
2/25 at 100.00
|
AA–
|
3,036,341
|
|
|
5.000%, 2/01/39
|
|
|
|
|
3,130
|
Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue
|
12/27 at 100.00
|
A2
|
3,664,103
|
|
|
Bonds, Series 2017B, 5.000%, 12/01/42 – AGM Insured
|
|
|
|
|
|
Lafayette Parish School Board, Louisiana, Sales Tax Revenue Bonds, Series 2018:
|
|
|
|
|
1,500
|
4.000%, 4/01/40
|
4/27 at 100.00
|
AA+
|
1,609,905
|
|
4,685
|
4.000%, 4/01/43
|
4/27 at 100.00
|
AA+
|
5,000,394
|
|
5,200
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
2/24 at 100.00
|
A+
|
5,745,584
|
|
|
Revenue Bonds, East Baton Rouge Sewerage Commission Projects, Subordinate Lien
|
|
|
|
|
|
Series 2014A, 5.000%, 2/01/44
|
|
|
|
|
1,380
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
8/20 at 100.00
|
BBB
|
1,452,781
|
|
|
Revenue Bonds, Westlake Chemical Corporation Projects, Series 2009A, 6.500%, 8/01/29
|
|
|
|
|
8,295
|
Louisiana Public Facilities Authority, Dock and Wharf Revenue Bonds, Impala Warehousing
|
7/23 at 100.00
|
N/R
|
9,082,610
|
|
|
(US) LLC Project, Series 2013, 6.500%, 7/01/36, 144A (AMT)
|
|
|
|
|
845
|
Louisiana Public Facilities Authority, Hospital Revenue and Refunding Bonds, Lafayette
|
11/25 at 100.00
|
Baa2
|
914,104
|
|
|
General Medical Center Project, Series 2016A, 5.000%, 11/01/45
|
|
|
|
|
1,830
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/26 at 100.00
|
A3
|
1,928,363
|
|
|
Refunding Series 2016, 4.000%, 5/15/35
|
|
|
|
|
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
|
|
|
|
|
Refunding Series 2017:
|
|
|
|
|
5,000
|
5.000%, 5/15/42
|
5/27 at 100.00
|
A3
|
5,637,650
|
|
965
|
5.000%, 5/15/46
|
5/27 at 100.00
|
A3
|
1,085,567
|
|
4,305
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/21 at 100.00
|
A3 (4)
|
4,741,871
|
|
|
Series 2011, 6.750%, 5/15/41 (Pre-refunded 5/15/21)
|
|
|
|
|
330
|
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien
|
7/23 at 100.00
|
A2
|
364,033
|
|
|
Series 2013A, 5.000%, 7/01/36
|
|
|
|
|
14,000
|
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Series 2015A,
|
5/25 at 100.00
|
AA–
|
14,772,520
|
|
|
4.000%, 5/01/41
|
|
|
|
|
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal
|
|
|
|
|
|
Project, Series 2015B:
|
|
|
|
|
6,235
|
5.000%, 1/01/40 (AMT)
|
1/25 at 100.00
|
A–
|
6,873,215
|
|
6,895
|
5.000%, 1/01/45 (AMT)
|
1/25 at 100.00
|
A–
|
7,574,433
|
|
4,800
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal
|
1/27 at 100.00
|
A–
|
5,377,296
|
|
|
Project, Series 2017B, 5.000%, 1/01/48 (AMT)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Louisiana (continued)
|
|
|
|
|
$ 1,000
|
New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2012, 5.000%,
|
12/22 at 100.00
|
A2
|
$ 1,101,370
|
|
|
12/01/28 – AGM Insured
|
|
|
|
|
5,350
|
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014,
|
6/24 at 100.00
|
A–
|
5,754,888
|
|
|
5.000%, 6/01/44
|
|
|
|
|
1,200
|
New Orleans, Louisiana, Water Revenue Bonds, Refunding Series 2014, 5.000%, 12/01/44
|
12/24 at 100.00
|
A–
|
1,302,492
|
|
485
|
Saint Charles Parish, Louisiana, Gulf Opportunity Zone Revenue Bonds, Valero Project,
|
No Opt. Call
|
BBB
|
506,282
|
|
|
Series 2010, 4.000%, 12/01/40 (Mandatory Put 6/01/22)
|
|
|
|
|
5,655
|
Shreveport, Louisiana, Water and Sewer Revenue Bonds, Refunding Series 2015,
|
12/25 at 100.00
|
A–
|
6,286,664
|
|
|
5.000%, 12/01/40
|
|
|
|
|
90,705
|
Total Louisiana
|
|
|
99,104,604
|
|
|
Maine – 0.8% (0.5% of Total Investments)
|
|
|
|
|
2,775
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine
|
7/23 at 100.00
|
Ba1
|
2,971,054
|
|
|
Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/33
|
|
|
|
|
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine
|
|
|
|
|
|
Medical Center Obligated Group Issue, Series 2016A:
|
|
|
|
|
3,820
|
4.000%, 7/01/41
|
7/26 at 100.00
|
Ba1
|
3,867,024
|
|
2,800
|
4.000%, 7/01/46
|
7/26 at 100.00
|
Ba1
|
2,830,408
|
|
3,245
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth
|
7/28 at 100.00
|
A+
|
3,733,859
|
|
|
Issue, Series 2018A, 5.000%, 7/01/43
|
|
|
|
|
2,000
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Bates College,
|
7/23 at 100.00
|
A+
|
2,205,780
|
|
|
Series 2013, 5.000%, 7/01/43
|
|
|
|
|
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General
|
|
|
|
|
|
Medical Center, Series 2011:
|
|
|
|
|
3,000
|
6.750%, 7/01/36
|
7/21 at 100.00
|
Ba3
|
3,252,720
|
|
2,260
|
6.750%, 7/01/41
|
7/21 at 100.00
|
Ba3
|
2,442,021
|
|
1,720
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Series 2010A,
|
7/20 at 100.00
|
A1
|
1,776,588
|
|
|
5.000%, 7/01/40
|
|
|
|
|
|
Maine Turnpike Authority, Special Obligation Bonds, Series 2014:
|
|
|
|
|
1,290
|
5.000%, 7/01/33
|
7/24 at 100.00
|
A–
|
1,451,676
|
|
1,020
|
5.000%, 7/01/34
|
7/24 at 100.00
|
A–
|
1,146,031
|
|
23,930
|
Total Maine
|
|
|
25,677,161
|
|
|
Maryland – 0.3% (0.2% of Total Investments)
|
|
|
|
|
5,000
|
Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Series 2014C, 5.000%, 7/01/44
|
1/25 at 100.00
|
AA–
|
5,642,900
|
|
450
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy
|
7/21 at 100.00
|
BBB
|
487,377
|
|
|
Medical Center, Series 2011, 6.000%, 7/01/25
|
|
|
|
|
515
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Patterson
|
7/19 at 100.00
|
BB+
|
516,303
|
|
|
Park Public Charter School Issue, Series 2010, 6.000%, 7/01/40
|
|
|
|
|
1,790
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula
|
7/24 at 100.00
|
A
|
1,974,799
|
|
|
Regional Medical Center Issue, Refunding Series 2015, 5.000%, 7/01/39
|
|
|
|
|
1,070
|
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside
|
11/24 at 103.00
|
BB
|
1,189,883
|
|
|
King Farm Project, Series 2017A-1, 5.000%, 11/01/28
|
|
|
|
|
8,825
|
Total Maryland
|
|
|
9,811,262
|
|
|
Massachusetts – 1.8% (1.2% of Total Investments)
|
|
|
|
|
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds,
|
|
|
|
|
|
Refunding Senior Lien Series 2010B:
|
|
|
|
|
4,410
|
5.000%, 1/01/32
|
1/20 at 100.00
|
A2
|
4,501,111
|
|
7,500
|
5.000%, 1/01/37
|
1/20 at 100.00
|
A2
|
7,652,475
|
|
650
|
Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare
|
6/19 at 100.00
|
N/R
|
627,412
|
|
|
Project, Series 2007A, 6.750%, 10/15/37
|
|
|
|
|
815
|
Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare
|
10/20 at 100.00
|
N/R
|
828,716
|
|
|
Project, Series 2010, 7.625%, 10/15/37
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Massachusetts (continued)
|
|
|
|
|
$ 825
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue,
|
7/25 at 100.00
|
BBB
|
$ 901,304
|
|
|
Green Bonds, Series 2015D, 5.000%, 7/01/44
|
|
|
|
|
3,500
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series
|
10/26 at 100.00
|
A+
|
4,022,760
|
|
|
2016BB-1, 5.000%, 10/01/46
|
|
|
|
|
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Tender
|
|
|
|
|
|
Option Bond Trust 2016-XG0070:
|
|
|
|
|
930
|
10.560%, 10/01/48, 144A (IF), (6)
|
10/23 at 100.00
|
A+
|
1,322,116
|
|
505
|
10.607%, 10/01/48, 144A (IF), (6)
|
10/23 at 100.00
|
A+
|
718,186
|
|
3,200
|
Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2015,
|
1/25 at 100.00
|
Baa2
|
3,356,064
|
|
|
4.500%, 1/01/45
|
|
|
|
|
1,220
|
Massachusetts Development Finance Agency, Revenue Bonds, Loomis Communities,
|
1/23 at 100.00
|
BBB
|
1,334,253
|
|
|
Series 2013A, 5.125%, 1/01/25
|
|
|
|
|
2,300
|
Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E,
|
11/23 at 100.00
|
A2
|
2,548,170
|
|
|
5.000%, 11/01/43
|
|
|
|
|
1,500
|
Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care,
|
7/26 at 100.00
|
BBB+
|
1,541,220
|
|
|
Series 2016I, 4.000%, 7/01/41
|
|
|
|
|
|
Massachusetts Development Finance Agency, Revenue Bonds, Western New England
|
|
|
|
|
|
University, Series 2015:
|
|
|
|
|
1,145
|
5.000%, 9/01/40
|
9/25 at 100.00
|
BBB
|
1,260,542
|
|
1,280
|
5.000%, 9/01/45
|
9/25 at 100.00
|
BBB
|
1,404,365
|
|
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Suffolk
|
|
|
|
|
|
University, Refunding Series 2009A:
|
|
|
|
|
3,190
|
5.750%, 7/01/39
|
7/19 at 100.00
|
Baa2
|
3,211,437
|
|
6,335
|
5.750%, 7/01/39 (Pre-refunded 7/01/19)
|
7/19 at 100.00
|
N/R (4)
|
6,378,585
|
|
700
|
Massachusetts Port Authority, Special Facilities Revenue Bonds, ConRac Project,
|
7/21 at 100.00
|
A3
|
743,302
|
|
|
Series 2011A, 5.125%, 7/01/41
|
|
|
|
|
5,930
|
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior
|
5/23 at 100.00
|
Aa2
|
6,518,908
|
|
|
Series 2013A, 5.000%, 5/15/43
|
|
|
|
|
1,100
|
Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Senior
|
No Opt. Call
|
A2
|
1,001,044
|
|
|
Series 1997A, 0.000%, 1/01/24 – NPFG Insured
|
|
|
|
|
6,700
|
Metropolitan Boston Transit Parking Corporation, Massachusetts, Systemwide Parking
|
7/21 at 100.00
|
A+
|
7,078,818
|
|
|
Revenue Bonds, Senior Lien Series 2011, 5.000%, 7/01/41
|
|
|
|
|
53,735
|
Total Massachusetts
|
|
|
56,950,788
|
|
|
Michigan – 2.3% (1.4% of Total Investments)
|
|
|
|
|
3,535
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
|
7/22 at 100.00
|
A2
|
3,828,794
|
|
|
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
|
|
|
|
|
2,020
|
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2011A,
|
7/21 at 100.00
|
A2
|
2,148,048
|
|
|
5.250%, 7/01/41
|
|
|
|
|
1,000
|
Eastern Michigan University, General Revenue Bonds, Series 2018A, 4.000%, 3/01/44 –
|
3/28 at 100.00
|
A2
|
1,054,440
|
|
|
AGM Insured
|
|
|
|
|
3,665
|
Lansing Board of Water and Light, Michigan, Utility System Revenue Bonds, Series 2011A,
|
7/21 at 100.00
|
AA–
|
3,938,885
|
|
|
5.500%, 7/01/41
|
|
|
|
|
1,500
|
Michigan Finance Authority, Hospital Revenue Bonds, Sparrow Obligated Group,
|
11/22 at 100.00
|
A+
|
1,609,965
|
|
|
Series 2012, 5.000%, 11/15/42
|
|
|
|
|
405
|
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
|
7/24 at 100.00
|
A2
|
451,875
|
|
|
Sewerage Department Water Supply System Local Project, Refunding Senior Loan Series 2014D-1,
|
|
|
|
|
|
5.000%, 7/01/37 – AGM Insured
|
|
|
|
|
2,690
|
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
|
7/24 at 100.00
|
A2
|
3,031,764
|
|
|
Sewerage Department Water Supply System Local Project, Series 2014C-3, 5.000%, 7/01/32 –
|
|
|
|
|
|
AGM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Michigan (continued)
|
|
|
|
|
$ 1,000
|
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
|
7/24 at 100.00
|
A3
|
$ 1,118,690
|
|
|
Sewerage Department Water Supply System Local Project, Series 2014D-6, 5.000%, 7/01/36 –
|
|
|
|
|
|
NPFG Insured
|
|
|
|
|
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding
|
|
|
|
|
|
Series 2015MI:
|
|
|
|
|
2,500
|
5.000%, 12/01/31
|
6/22 at 100.00
|
AA–
|
2,703,250
|
|
3,670
|
5.000%, 12/01/32
|
6/22 at 100.00
|
AA–
|
3,966,096
|
|
2,000
|
Michigan Finance Authority, State Revolving Fund Revenue Bonds, Clean Water Series 2012,
|
10/22 at 100.00
|
AAA
|
2,222,900
|
|
|
5.000%, 10/01/31 (Pre-refunded 10/01/22)
|
|
|
|
|
5,000
|
Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit
|
11/26 at 100.00
|
AA+
|
5,260,950
|
|
|
Group, Refunding and Project Series 2010F-6, 4.000%, 11/15/47
|
|
|
|
|
1,000
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding
|
10/21 at 100.00
|
AA–
|
1,081,450
|
|
|
Series 2011-I-A, 5.375%, 10/15/41
|
|
|
|
|
10,000
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding
|
10/25 at 100.00
|
AA–
|
11,565,100
|
|
|
Series 2015-I, 5.000%, 4/15/34
|
|
|
|
|
3,495
|
Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health
|
11/19 at 100.00
|
N/R (4)
|
3,571,890
|
|
|
System, Refunding Series 2009, 5.750%, 11/15/39 (Pre-refunded 11/15/19)
|
|
|
|
|
5,200
|
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group,
|
6/22 at 100.00
|
AA–
|
5,526,924
|
|
|
Series 2009C, 5.000%, 12/01/48
|
|
|
|
|
5,000
|
Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue
|
5/19 at 100.00
|
B2
|
4,962,550
|
|
|
Bonds, Series 2008A, 6.875%, 6/01/42
|
|
|
|
|
3,000
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne
|
12/22 at 100.00
|
A
|
3,293,340
|
|
|
County Airport, Series 2012A, 5.000%, 12/01/37
|
|
|
|
|
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne
|
|
|
|
|
|
County Airport, Series 2015D:
|
|
|
|
|
1,325
|
5.000%, 12/01/40
|
12/25 at 100.00
|
A
|
1,509,440
|
|
1,200
|
5.000%, 12/01/45
|
12/25 at 100.00
|
A
|
1,360,848
|
|
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne
|
|
|
|
|
|
County Airport, Series 2017B:
|
|
|
|
|
1,350
|
5.000%, 12/01/42 (AMT)
|
12/27 at 100.00
|
A
|
1,541,565
|
|
3,140
|
5.000%, 12/01/47 (AMT)
|
12/27 at 100.00
|
A
|
3,572,441
|
|
1,120
|
Wayne State University, Michigan, General Revenue Bonds, Series 2018A, 5.000%, 11/15/36
|
11/25 at 100.00
|
A+
|
1,268,590
|
|
64,815
|
Total Michigan
|
|
|
70,589,795
|
|
|
Minnesota – 1.7% (1.1% of Total Investments)
|
|
|
|
|
310
|
Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory
|
8/26 at 100.00
|
BB+
|
309,600
|
|
|
Academy, Refunding Series 2016A, 4.000%, 8/01/36
|
|
|
|
|
2,000
|
Brainerd Independent School District 181, Crow Wing County, Minnesota, General
|
2/27 at 100.00
|
AAA
|
2,141,120
|
|
|
Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/42
|
|
|
|
|
5,000
|
Dakota and Washington Counties Housing and Redevelopment Authority, Minnesota, GNMA
|
No Opt. Call
|
AA+ (4)
|
5,106,100
|
|
|
Mortgage-Backed Securities Program Single Family Residential Mortgage Revenue Bonds,
|
|
|
|
|
|
Series 1988, 8.450%, 9/01/19 (AMT) (ETM)
|
|
|
|
|
500
|
Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project,
|
7/25 at 100.00
|
BB+
|
498,700
|
|
|
Series 2016A, 4.000%, 7/01/37
|
|
|
|
|
5,625
|
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds,
|
2/28 at 100.00
|
A–
|
6,332,231
|
|
|
Essentia Health Obligated Group, Series 2018A, 5.000%, 2/15/53
|
|
|
|
|
3,010
|
Independent School District 621, Mounds View, Minnesota, General Obligation Bonds,
|
2/27 at 100.00
|
AAA
|
3,213,807
|
|
|
School Building Series 2018A, 4.000%, 2/01/42
|
|
|
|
|
3,000
|
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,
|
1/20 at 100.00
|
AA–
|
3,062,190
|
|
|
Senior Lien Series 2010A, 5.000%, 1/01/35
|
|
|
|
|
2,295
|
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,
|
1/27 at 100.00
|
AA–
|
2,654,810
|
|
|
Senior Lien Series 2016C, 5.000%, 1/01/46
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Minnesota (continued)
|
|
|
|
|
|
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,
|
|
|
|
|
|
Subordinate Lien Series 2016D:
|
|
|
|
|
$ 470
|
5.000%, 1/01/32 (AMT)
|
1/27 at 100.00
|
A+
|
$ 549,444
|
|
450
|
5.000%, 1/01/35 (AMT)
|
1/27 at 100.00
|
A+
|
520,610
|
|
580
|
5.000%, 1/01/37 (AMT)
|
1/27 at 100.00
|
A+
|
667,110
|
|
750
|
5.000%, 1/01/41 (AMT)
|
1/27 at 100.00
|
A+
|
854,678
|
|
|
Minnesota Higher Education Facilities Authority, Revenue Bonds, Carleton College,
|
|
|
|
|
|
Refunding Series 2017:
|
|
|
|
|
1,460
|
4.000%, 3/01/41
|
3/27 at 100.00
|
Aa2
|
1,560,682
|
|
1,700
|
4.000%, 3/01/47
|
3/27 at 100.00
|
Aa2
|
1,811,163
|
|
2,150
|
Minnesota Higher Education Facilities Authority, Revenue Bonds, Macalester College,
|
3/27 at 100.00
|
Aa3
|
2,285,299
|
|
|
Refunding Series 2017, 4.000%, 3/01/48
|
|
|
|
|
910
|
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2018A,
|
5/28 at 100.00
|
AA
|
974,983
|
|
|
4.000%, 11/15/48
|
|
|
|
|
2,000
|
Saint Louis Park, Minnesota, Health Care Facilities Revenue Bonds, Park Nicollet Health
|
7/19 at 100.00
|
N/R (4)
|
2,013,260
|
|
|
Services, Refunding Series 2009, 5.750%, 7/01/39 (Pre-refunded 7/01/19)
|
|
|
|
|
1,520
|
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue
|
12/24 at 100.00
|
BBB–
|
1,554,823
|
|
|
Bonds, Community of Peace Academy Project, Refunding Series 2015A, 5.000%, 12/01/50
|
|
|
|
|
|
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue
|
|
|
|
|
|
Bonds, Hmong College Prep Academy Project, Series 2016A:
|
|
|
|
|
2,205
|
5.500%, 9/01/36
|
9/26 at 100.00
|
BB+
|
2,392,800
|
|
2,500
|
5.750%, 9/01/46
|
9/26 at 100.00
|
BB+
|
2,709,350
|
|
|
Saint Paul Housing and Redevelopment Authority Minnesota, Senior Housing and Health Care
|
|
|
|
|
|
Revenue Bonds, Episcopal Homes Project, Series 2013:
|
|
|
|
|
500
|
5.000%, 5/01/33
|
5/23 at 100.00
|
N/R
|
510,885
|
|
1,000
|
5.125%, 5/01/48
|
5/23 at 100.00
|
N/R
|
1,007,360
|
|
2,000
|
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds,
|
11/27 at 100.00
|
A2
|
2,292,040
|
|
|
Fairview Health Services, Series 2017A, 5.000%, 11/15/47
|
|
|
|
|
400
|
Saint Paul Housing and Redevelopment Authority, Minnesota, Upper Landing Project Tax
|
3/20 at 102.00
|
N/R
|
412,540
|
|
|
Increment Revenue Refunding Bonds, Series 2012, 5.000%, 9/01/26
|
|
|
|
|
750
|
St Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds,
|
11/25 at 100.00
|
N/R (4)
|
894,810
|
|
|
HealthEast Inc., Series 2015A, 5.000%, 11/15/29 (Pre-refunded 11/15/25)
|
|
|
|
|
3,855
|
West Saint Paul-Mendota Heights-Eagan Independent School District 197, Dakota County,
|
2/27 at 100.00
|
AAA
|
4,135,336
|
|
|
Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/41
|
|
|
|
|
2,000
|
Western Minnesota Municipal Power Agency, Power Supply Revenue Bonds, Series 2014A,
|
1/24 at 100.00
|
Aa3
|
2,232,820
|
|
|
5.000%, 1/01/46
|
|
|
|
|
48,940
|
Total Minnesota
|
|
|
52,698,551
|
|
|
Mississippi – 0.8% (0.5% of Total Investments)
|
|
|
|
|
|
Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial
|
|
|
|
|
|
Healthcare, Series 2016A:
|
|
|
|
|
7,500
|
5.000%, 9/01/36
|
9/26 at 100.00
|
BBB+
|
8,380,275
|
|
15,500
|
5.000%, 9/01/46
|
9/26 at 100.00
|
BBB+
|
17,078,520
|
|
23,000
|
Total Mississippi
|
|
|
25,458,795
|
|
|
Missouri – 3.8% (2.4% of Total Investments)
|
|
|
|
|
1,000
|
Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding Series
|
8/26 at 100.00
|
Baa2
|
1,112,070
|
|
|
2016, 5.000%, 8/01/28
|
|
|
|
|
2,000
|
Bridgeton Industrial Development Authority, Missouri, Senior Housing Revenue Bonds, The
|
5/25 at 100.00
|
N/R
|
1,928,600
|
|
|
Sarah Community Project, Refunding Series 2016, 3.625%, 5/01/30
|
|
|
|
|
500
|
Curators of the University of Missouri, System Facilities Revenue Bonds, Refunding
|
11/24 at 100.00
|
AA+
|
538,320
|
|
|
Series 2014A, 4.000%, 11/01/33
|
|
|
|
|
2,000
|
Hanley Road Corridor Transportation Development District, Brentwood and Maplewood,
|
10/19 at 100.00
|
A–
|
2,023,760
|
|
|
Missouri, Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Missouri (continued)
|
|
|
|
|
$ 400
|
Kansas City Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Ward
|
4/26 at 100.00
|
N/R
|
$ 403,240
|
|
|
Parkway Center Community Improvement District, Senior Refunding & Improvement Series 2016,
|
|
|
|
|
|
5.000%, 4/01/46, 144A
|
|
|
|
|
|
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds,
|
|
|
|
|
|
Series 2004B-1:
|
|
|
|
|
7,000
|
0.000%, 4/15/27 – AMBAC Insured
|
No Opt. Call
|
A1
|
5,680,500
|
|
5,000
|
0.000%, 4/15/28 – AMBAC Insured
|
No Opt. Call
|
A1
|
3,923,050
|
|
5,000
|
0.000%, 4/15/29 – AMBAC Insured
|
No Opt. Call
|
A1
|
3,791,200
|
|
4,470
|
Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Improvement Series 2018A,
|
1/28 at 100.00
|
AA
|
4,745,039
|
|
|
4.000%, 1/01/42
|
|
|
|
|
940
|
Missouri Development Finance Board, Infrastructure Facilities Revenue Bonds, Branson
|
No Opt. Call
|
A3
|
958,086
|
|
|
Landing Project, Series 2005A, 6.000%, 6/01/20
|
|
|
|
|
1,000
|
Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds,
|
5/26 at 100.00
|
A+
|
1,145,600
|
|
|
Saint Luke’s Health System, Inc., Series 2016, 5.000%, 11/15/34
|
|
|
|
|
3,080
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue
|
5/23 at 100.00
|
BBB
|
3,317,807
|
|
|
Bonds, Saint Louis College of Pharmacy, Series 2013, 5.500%, 5/01/43
|
|
|
|
|
1,260
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue
|
10/23 at 100.00
|
A+
|
1,407,722
|
|
|
Bonds, University of Central Missouri, Series 2013C-2, 5.000%, 10/01/34
|
|
|
|
|
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
|
|
|
|
|
CoxHealth, Series 2013A:
|
|
|
|
|
1,045
|
5.000%, 11/15/44
|
11/23 at 100.00
|
A2
|
1,130,805
|
|
11,090
|
5.000%, 11/15/48
|
11/23 at 100.00
|
A2
|
11,981,081
|
|
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
|
|
|
|
|
Mercy Health, Series 2017C:
|
|
|
|
|
5,000
|
5.000%, 11/15/42
|
11/27 at 100.00
|
AA–
|
5,783,600
|
|
10,000
|
4.000%, 11/15/47
|
11/27 at 100.00
|
AA–
|
10,506,000
|
|
2,250
|
5.000%, 11/15/47
|
11/27 at 100.00
|
AA–
|
2,594,993
|
|
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
|
|
|
|
|
SSM Health Care, Series 2018A:
|
|
|
|
|
2,000
|
4.000%, 6/01/48
|
6/28 at 100.00
|
A+
|
2,105,500
|
|
3,500
|
5.000%, 6/01/48
|
6/28 at 100.00
|
A+
|
4,013,170
|
|
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Children’s Mercy
|
|
|
|
|
|
Hospital, Series 2017A:
|
|
|
|
|
1,250
|
4.000%, 5/15/42
|
5/25 at 102.00
|
A+
|
1,289,163
|
|
16,750
|
4.000%, 5/15/48
|
5/25 at 102.00
|
A+
|
17,282,817
|
|
11,295
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior
|
2/26 at 100.00
|
BBB
|
12,157,034
|
|
|
Services Projects, Series 2016B, 5.000%, 2/01/46
|
|
|
|
|
400
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Maryville
|
6/22 at 100.00
|
Baa2
|
404,856
|
|
|
University of St Louis Project, Series 2015, 3.500%, 6/15/30
|
|
|
|
|
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis
|
|
|
|
|
|
University, Series 2017A:
|
|
|
|
|
725
|
4.000%, 10/01/36
|
4/27 at 100.00
|
A1
|
779,150
|
|
3,510
|
5.000%, 10/01/42
|
4/27 at 100.00
|
A1
|
4,040,747
|
|
3,775
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Webster University,
|
4/21 at 100.00
|
Baa1 (4)
|
4,012,221
|
|
|
Series 2011, 5.000%, 4/01/26 (Pre-refunded 4/01/21)
|
|
|
|
|
2,000
|
Missouri Joint Municipal Electric Utility Commission, Power Supply System Revenue Bonds,
|
6/27 at 100.00
|
A2
|
2,304,920
|
|
|
MoPEP Facilities, Series 2018, 5.000%, 12/01/43
|
|
|
|
|
1,000
|
North Central Missouri Regional Water Commission, Waterworks System Revenue Bonds,
|
6/19 at 100.00
|
N/R
|
1,000,430
|
|
|
Series 2006, 5.000%, 1/01/37
|
|
|
|
|
2,000
|
Saint Charles County Public Water Supply District 2, Missouri, Certificates of
|
12/21 at 100.00
|
AA+
|
2,052,380
|
|
|
Participation, Series 2015, 4.125%, 12/01/38
|
|
|
|
|
575
|
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship
|
9/22 at 100.00
|
N/R (4)
|
635,582
|
|
|
Village of Chesterfield, Series 2012, 5.000%, 9/01/42 (Pre-refunded 9/01/22)
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Missouri (continued)
|
|
|
|
|
$ 375
|
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship
|
9/23 at 100.00
|
BB+
|
$ 407,494
|
|
|
Village of Sunset Hills, Series 2013A, 5.875%, 9/01/43
|
|
|
|
|
1,000
|
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship
|
9/27 at 100.00
|
BB+
|
1,057,130
|
|
|
Village Saint Louis Obligated Group, Series 2017, 5.000%, 9/01/48
|
|
|
|
|
490
|
Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport,
|
7/22 at 100.00
|
A–
|
516,083
|
|
|
Refunding Series 2012, 4.250%, 7/01/29 – FGIC Insured (AMT)
|
|
|
|
|
113,680
|
Total Missouri
|
|
|
117,030,150
|
|
|
Montana – 0.2% (0.1% of Total Investments)
|
|
|
|
|
3,315
|
Montana Facilities Finance Authority, Montana, Health Facilities Revenue Bonds, Bozeman
|
6/28 at 100.00
|
A
|
3,823,687
|
|
|
Deaconess Health Services Obligated Group, Series 2018, 5.000%, 6/01/48
|
|
|
|
|
2,090
|
Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell
|
7/28 at 100.00
|
BBB
|
2,334,133
|
|
|
Regional Medical Center, Series 2018B, 5.000%, 7/01/43
|
|
|
|
|
5,405
|
Total Montana
|
|
|
6,157,820
|
|
|
Nebraska – 0.2% (0.1% of Total Investments)
|
|
|
|
|
2,300
|
Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012,
|
9/22 at 100.00
|
BBB+
|
2,489,474
|
|
|
5.000%, 9/01/32
|
|
|
|
|
|
Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska
|
|
|
|
|
|
Methodist Health System, Refunding Series 2015:
|
|
|
|
|
1,635
|
4.125%, 11/01/36
|
11/25 at 100.00
|
A–
|
1,710,439
|
|
1,000
|
5.000%, 11/01/45
|
11/25 at 100.00
|
A–
|
1,090,410
|
|
4,935
|
Total Nebraska
|
|
|
5,290,323
|
|
|
Nevada – 2.9% (1.8% of Total Investments)
|
|
|
|
|
39,625
|
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B,
|
1/20 at 100.00
|
A+
|
40,609,681
|
|
|
5.750%, 7/01/42
|
|
|
|
|
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
|
|
|
|
|
International Airport, Series 2010A:
|
|
|
|
|
5,210
|
5.250%, 7/01/39 – AGM Insured
|
1/20 at 100.00
|
Aa3
|
5,316,805
|
|
9,725
|
5.250%, 7/01/42
|
1/20 at 100.00
|
A+
|
9,918,430
|
|
5,800
|
Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A,
|
6/19 at 100.00
|
BBB+ (4)
|
5,843,210
|
|
|
8.000%, 6/15/30 (Pre-refunded 6/15/19)
|
|
|
|
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding
|
|
|
|
|
|
Series 2015:
|
|
|
|
|
9,000
|
5.000%, 6/01/32
|
12/24 at 100.00
|
AA+
|
10,348,470
|
|
5,000
|
5.000%, 6/01/39
|
12/24 at 100.00
|
AA+
|
5,712,250
|
|
2,600
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B,
|
6/22 at 100.00
|
AA+
|
2,809,768
|
|
|
5.000%, 6/01/42
|
|
|
|
|
|
Nevada System of Higher Education, Community College Revenue Bonds, Series 2017:
|
|
|
|
|
2,400
|
4.000%, 7/01/41
|
7/27 at 100.00
|
AA–
|
2,520,792
|
|
2,000
|
4.000%, 7/01/47
|
7/27 at 100.00
|
AA–
|
2,101,000
|
|
1,145
|
North Las Vegas, Nevada, General Obligation Bonds, Wastewater Reclamation System
|
6/19 at 100.00
|
BB
|
1,146,901
|
|
|
Series 2006, 5.000%, 10/01/25 – NPFG Insured
|
|
|
|
|
|
Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors
|
|
|
|
|
|
Authority, Refunding Series 2011:
|
|
|
|
|
95
|
5.000%, 7/01/32 (Pre-refunded 7/01/21)
|
7/21 at 100.00
|
N/R (4)
|
101,736
|
|
130
|
5.000%, 7/01/32 (Pre-refunded 7/01/21)
|
7/21 at 100.00
|
N/R (4)
|
139,217
|
|
1,825
|
5.000%, 7/01/32
|
7/21 at 100.00
|
Aa2
|
1,945,742
|
|
84,555
|
Total Nevada
|
|
|
88,514,002
|
|
|
New Hampshire – 0.5% (0.3% of Total Investments)
|
|
|
|
|
5,000
|
New Hampshire Business Finance Authority, Revenue Bonds, Elliot Hospital Obligated
|
10/19 at 100.00
|
Baa1 (4)
|
5,092,650
|
|
|
Group Issue, Series 2009A, 6.125%, 10/01/39 (Pre-refunded 10/01/19)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New Hampshire (continued)
|
|
|
|
|
$ 3,500
|
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Catholic Medical
|
7/22 at 100.00
|
Baa1
|
$ 3,613,260
|
|
|
Center, Series 2012, 4.000%, 7/01/32
|
|
|
|
|
1,110
|
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth
|
6/19 at 100.00
|
AA+ (4)
|
1,119,957
|
|
|
College, Tender Option Bond Trust 2016-XL0025, 10.052%, 6/01/39 , 144A (Pre-refunded
|
|
|
|
|
|
6/01/19) (IF), (6)
|
|
|
|
|
4,000
|
New Hampshire Health and Education Facilities Authority, Revenue Bonds,
|
2/28 at 100.00
|
A
|
4,701,600
|
|
|
Dartmouth-Hitchcock Obligated Group, Series 2018A, 5.000%, 8/01/35
|
|
|
|
|
13,610
|
Total New Hampshire
|
|
|
14,527,467
|
|
|
New Jersey – 4.4% (2.8% of Total Investments)
|
|
|
|
|
905
|
Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue
|
2/23 at 100.00
|
BBB+
|
988,857
|
|
|
Bonds, Cooper Health System Obligated Group Issue, Series 2013A, 5.750%, 2/15/42
|
|
|
|
|
|
New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge
|
|
|
|
|
|
Replacement Project, Series 2013:
|
|
|
|
|
1,965
|
5.000%, 1/01/31 – AGM Insured (AMT)
|
1/24 at 100.00
|
BBB
|
2,179,932
|
|
1,865
|
5.125%, 1/01/39 – AGM Insured (AMT)
|
1/24 at 100.00
|
AA
|
2,059,296
|
|
1,585
|
5.125%, 7/01/42 – AGM Insured (AMT)
|
1/24 at 100.00
|
BBB
|
1,742,834
|
|
2,000
|
New Jersey Economic Development Authority, School Facilities Construction Bonds,
|
12/26 at 100.00
|
A–
|
2,298,680
|
|
|
Refunding Series 2016BBB, 5.500%, 6/15/31
|
|
|
|
|
6,770
|
New Jersey Economic Development Authority, School Facilities Construction Bonds,
|
No Opt. Call
|
BBB+
|
8,212,416
|
|
|
Series 2005N-1, 5.500%, 9/01/27 – NPFG Insured
|
|
|
|
|
2,825
|
New Jersey Economic Development Authority, School Facilities Construction Bonds,
|
6/24 at 100.00
|
BBB+
|
3,056,622
|
|
|
Series 2014UU, 5.000%, 6/15/30
|
|
|
|
|
555
|
New Jersey Economic Development Authority, Student Housing Revenue Bonds, Provident
|
6/20 at 100.00
|
N/R (4)
|
579,875
|
|
|
Group-Montclair Properties LLC, Montclair State University Student Housing Project,
|
|
|
|
|
|
Series 2010A, 5.750%, 6/01/31 (Pre-refunded 6/01/20)
|
|
|
|
|
6,030
|
New Jersey Economic Development Authority, Sublease Revenue Bonds, New Jersey Transit
|
No Opt. Call
|
BBB+
|
6,903,385
|
|
|
Corporation Projects, Refunding Series 2017B, 5.000%, 11/01/25
|
|
|
|
|
900
|
New Jersey Educational Facilities Authority, Revenue Bonds, University of Medicine and
|
6/19 at 100.00
|
N/R (4)
|
904,275
|
|
|
Dentistry of New Jersey, Refunding Series 2009B, 7.500%, 12/01/32 (Pre-refunded 6/01/19)
|
|
|
|
|
1,480
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint
|
6/19 at 100.00
|
BB+
|
1,484,351
|
|
|
Peters University Hospital, Series 2007, 5.750%, 7/01/37
|
|
|
|
|
8,415
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas
|
7/26 at 100.00
|
A1
|
9,656,802
|
|
|
Health Obligated Group, Refunding Series 2016A, 5.000%, 7/01/43
|
|
|
|
|
2,000
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas
|
7/21 at 100.00
|
N/R (4)
|
2,168,260
|
|
|
Health Care System, Refunding Series 2011A, 5.625%, 7/01/32 (Pre-refunded 7/01/21)
|
|
|
|
|
1,235
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University
|
7/25 at 100.00
|
AA
|
1,367,553
|
|
|
Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46 – AGM Insured
|
|
|
|
|
665
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Tender
|
6/19 at 100.00
|
BBB+
|
674,004
|
|
|
Option Bond Trust 2016-XG0001, 13.620%, 6/01/30 , 144A (IF), (6)
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue
|
|
|
|
|
|
Notes, Series 2016A-1:
|
|
|
|
|
2,020
|
5.000%, 6/15/28
|
6/26 at 100.00
|
Baa1
|
2,328,858
|
|
3,340
|
5.000%, 6/15/29
|
6/26 at 100.00
|
Baa1
|
3,830,880
|
|
1,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital
|
No Opt. Call
|
BBB+
|
789,730
|
|
|
Appreciation Series 2010A, 0.000%, 12/15/26
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding
|
|
|
|
|
|
Series 2006C:
|
|
|
|
|
21,120
|
0.000%, 12/15/28 – AMBAC Insured
|
No Opt. Call
|
BBB+
|
15,339,456
|
|
10,000
|
0.000%, 12/15/32 – AGM Insured
|
No Opt. Call
|
A–
|
6,217,100
|
|
20,000
|
0.000%, 12/15/33 – AGM Insured
|
No Opt. Call
|
A–
|
11,965,800
|
|
25,000
|
0.000%, 12/15/35 – AMBAC Insured
|
No Opt. Call
|
BBB+
|
13,269,250
|
|
30,000
|
0.000%, 12/15/36 – AMBAC Insured
|
No Opt. Call
|
BBB+
|
15,175,800
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New Jersey (continued)
|
|
|
|
|
$ 7,330
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds,
|
6/21 at 100.00
|
BBB+
|
$ 7,749,862
|
|
|
Series 2011B, 5.500%, 6/15/31
|
|
|
|
|
1,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds,
|
6/22 at 100.00
|
A–
|
1,046,360
|
|
|
Series 2012A, 5.000%, 6/15/42
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds,
|
|
|
|
|
|
Series 2015AA:
|
|
|
|
|
1,690
|
5.250%, 6/15/33
|
6/25 at 100.00
|
BBB+
|
1,868,025
|
|
2,840
|
5.000%, 6/15/45
|
6/25 at 100.00
|
BBB+
|
3,039,595
|
|
2,460
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2017B, 4.000%, 1/01/34
|
1/28 at 100.00
|
A2
|
2,688,263
|
|
|
New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Trust 2016-XF1057:
|
|
|
|
|
835
|
11.030%, 1/01/43 , 144A (Pre-refunded 7/01/22) (IF), (6)
|
7/22 at 100.00
|
N/R (4)
|
1,160,717
|
|
480
|
11.030%, 1/01/43 , 144A (IF), (6)
|
7/22 at 100.00
|
A2
|
667,239
|
|
570
|
Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L,
|
5/23 at 100.00
|
A+
|
630,705
|
|
|
5.000%, 5/01/43
|
|
|
|
|
3,215
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
|
6/28 at 100.00
|
A–
|
3,675,613
|
|
|
Bonds, Series 2018A, 5.000%, 6/01/36
|
|
|
|
|
380
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
|
6/28 at 100.00
|
BBB
|
396,902
|
|
|
Bonds, Series 2018B, 5.000%, 6/01/46
|
|
|
|
|
172,475
|
Total New Jersey
|
|
|
136,117,297
|
|
|
New Mexico – 0.4% (0.3% of Total Investments)
|
|
|
|
|
1,295
|
Farmington, New Mexico, Hospital Revenue Bonds, San Juan Regional Medical Center Inc.,
|
5/19 at 100.00
|
A3
|
1,298,458
|
|
|
Series 2004A, 5.125%, 6/01/19
|
|
|
|
|
2,000
|
Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New
|
6/20 at 100.00
|
Baa2
|
2,079,420
|
|
|
Mexico San Juan Project, Refunding Series 2010D, 5.900%, 6/01/40
|
|
|
|
|
3,370
|
New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian
|
11/27 at 100.00
|
Aa3
|
3,881,566
|
|
|
Healthcare Services, Series 2017A, 5.000%, 8/01/46
|
|
|
|
|
5,100
|
Santa Fe County, New Mexico, Correctional System Gross Receipts Tax Revenue Bonds,
|
No Opt. Call
|
A2
|
5,894,835
|
|
|
Series 1997, 6.000%, 2/01/27 – AGM Insured
|
|
|
|
|
11,765
|
Total New Mexico
|
|
|
13,154,279
|
|
|
New York – 7.4% (4.7% of Total Investments)
|
|
|
|
|
|
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
|
|
|
|
|
|
Bonds, Barclays Center Project, Series 2009:
|
|
|
|
|
4,605
|
6.000%, 7/15/30 (Pre-refunded 1/15/20)
|
1/20 at 100.00
|
AA+ (4)
|
4,750,840
|
|
3,065
|
6.250%, 7/15/40 (Pre-refunded 1/15/20)
|
1/20 at 100.00
|
AA+ (4)
|
3,167,402
|
|
6,600
|
0.000%, 7/15/44
|
No Opt. Call
|
BBB–
|
2,434,014
|
|
490
|
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue
|
7/25 at 100.00
|
BBB+
|
564,162
|
|
|
Bonds, Catholic Health System, Inc. Project, Series 2015, 5.250%, 7/01/35
|
|
|
|
|
3,125
|
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns
|
7/23 at 100.00
|
A–
|
3,416,844
|
|
|
University, Series 2013A, 5.000%, 7/01/44
|
|
|
|
|
|
Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island
|
|
|
|
|
|
Jewish Obligated Group, Series 2015A:
|
|
|
|
|
1,680
|
4.125%, 5/01/42
|
5/25 at 100.00
|
A–
|
1,765,310
|
|
3,195
|
5.000%, 5/01/43
|
5/25 at 100.00
|
A–
|
3,543,638
|
|
600
|
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical
|
6/27 at 100.00
|
BBB–
|
684,864
|
|
|
Center Obligated Group, Series 2017, 5.000%, 12/01/34, 144A
|
|
|
|
|
5,325
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds,
|
3/21 at 100.00
|
AA+
|
5,622,082
|
|
|
General Purpose Series 2011C, 5.000%, 3/15/41
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New York (continued)
|
|
|
|
|
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012
|
|
|
|
|
|
Series 2011A:
|
|
|
|
|
$ 135
|
5.250%, 2/15/47 (Pre-refunded 2/15/21)
|
2/21 at 100.00
|
Aa2 (4)
|
$ 143,837
|
|
2,965
|
5.250%, 2/15/47
|
2/21 at 100.00
|
AA–
|
3,137,800
|
|
990
|
5.750%, 2/15/47
|
2/21 at 100.00
|
AA–
|
1,057,162
|
|
1,610
|
5.750%, 2/15/47 (Pre-refunded 2/15/21)
|
2/21 at 100.00
|
Aa2 (4)
|
1,729,510
|
|
7,500
|
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds,
|
No Opt. Call
|
A
|
9,630,600
|
|
|
Series 2005, 5.250%, 10/01/35
|
|
|
|
|
|
Long Island Power Authority, New York, Electric System General Revenue Bonds,
|
|
|
|
|
|
Series 2014A:
|
|
|
|
|
1,155
|
4.000%, 9/01/39 – AGM Insured
|
9/24 at 100.00
|
A–
|
1,210,556
|
|
3,000
|
5.000%, 9/01/39
|
9/24 at 100.00
|
A–
|
3,363,150
|
|
860
|
5.000%, 9/01/44
|
9/24 at 100.00
|
A–
|
954,024
|
|
5,000
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series
|
9/28 at 100.00
|
A–
|
5,985,450
|
|
|
2018, 5.000%, 9/01/37
|
|
|
|
|
10,000
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding
|
No Opt. Call
|
AA
|
6,570,600
|
|
|
Series 2012A, 0.000%, 11/15/32
|
|
|
|
|
1,000
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2009B,
|
11/19 at 100.00
|
AA (4)
|
1,018,830
|
|
|
5.000%, 11/15/34 (Pre-refunded 11/15/19)
|
|
|
|
|
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds,
|
|
|
|
|
|
Series 2011A:
|
|
|
|
|
285
|
5.000%, 11/15/41 (Pre-refunded 11/15/21)
|
11/21 at 100.00
|
N/R (4)
|
309,952
|
|
465
|
5.000%, 11/15/41 (Pre-refunded 11/15/21)
|
11/21 at 100.00
|
A (4)
|
505,711
|
|
5,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series
|
5/23 at 100.00
|
A
|
5,467,100
|
|
|
2013A, 5.000%, 11/15/38
|
|
|
|
|
|
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds,
|
|
|
|
|
|
Bronx Parking Development Company, LLC Project, Series 2007:
|
|
|
|
|
500
|
3.163%, 10/01/37, (7)
|
6/19 at 101.00
|
N/R
|
327,500
|
|
1,000
|
3.231%, 10/01/46, (7)
|
6/19 at 101.00
|
N/R
|
655,000
|
|
4,755
|
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium
|
6/19 at 100.00
|
A3
|
4,778,823
|
|
|
Project PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
|
|
|
|
|
3,400
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System
|
12/20 at 100.00
|
AA+
|
3,589,448
|
|
|
Revenue Bonds, Second Generation Resolution, Fiscal 2011 Series EE, 5.375%, 6/15/43
|
|
|
|
|
5,900
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second
|
6/23 at 100.00
|
AA+
|
6,533,837
|
|
|
General Resolution Revenue Bonds, Fiscal 2014 Series BB, 5.000%, 6/15/46
|
|
|
|
|
500
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System
|
6/19 at 100.00
|
AA+
|
508,280
|
|
|
Revenue Bonds, Tender Option Bond Trust 2015-XF0097, 11.130%, 6/15/39 , 144A (IF)
|
|
|
|
|
5,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds,
|
5/23 at 100.00
|
Aa1
|
5,550,950
|
|
|
Subordinate Fiscal 2013 Series I, 5.000%, 5/01/38
|
|
|
|
|
2,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds,
|
5/26 at 100.00
|
Aa1
|
2,309,800
|
|
|
Subordinate Fiscal 2017 Series A-1, 5.000%, 5/01/40
|
|
|
|
|
3,760
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds,
|
2/27 at 100.00
|
Aa1
|
4,367,954
|
|
|
Subordinate Fiscal 2017 Series E-1, 5.000%, 2/01/43
|
|
|
|
|
5,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds,
|
5/28 at 100.00
|
Aa1
|
5,940,700
|
|
|
Subordinate Fiscal 2018 Series C-3, 5.000%, 5/01/40
|
|
|
|
|
2,060
|
New York City, New York, General Obligation Bonds, Fiscal 2017 Series B-1,
|
12/26 at 100.00
|
AA
|
2,395,100
|
|
|
5.000%, 12/01/41
|
|
|
|
|
5
|
New York City, New York, General Obligation Bonds, Fiscal Series 2005M, 5.000%, 4/01/24
|
6/19 at 100.00
|
AA
|
5,014
|
|
2,000
|
New York Convention Center Development Corporation, New York, Revenue Bonds, Hotel Unit
|
11/25 at 100.00
|
Aa3
|
2,289,580
|
|
|
Fee Secured, Refunding Series 2015, 5.000%, 11/15/45
|
|
|
|
|
540
|
New York Counties Tobacco Trust I, Tobacco Settlement Pass-Through Bonds, Series 2000B,
|
6/19 at 100.00
|
Baa1
|
540,184
|
|
|
6.500%, 6/01/35
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New York (continued)
|
|
|
|
|
$ 25,170
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
|
11/24 at 100.00
|
N/R
|
$ 27,107,335
|
|
|
Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A
|
|
|
|
|
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
|
|
|
|
|
|
Center Project, Series 2011:
|
|
|
|
|
1,560
|
5.000%, 11/15/44
|
11/21 at 100.00
|
A
|
1,667,952
|
|
4,350
|
5.750%, 11/15/51
|
11/21 at 100.00
|
A
|
4,769,209
|
|
5,260
|
New York Transportation Development Corporation, New York, Special Facility Revenue
|
8/21 at 100.00
|
BB–
|
5,515,320
|
|
|
Bonds, American Airlines, Inc. John F Kennedy International Airport Project, Refunding
|
|
|
|
|
|
Series 2016, 5.000%, 8/01/31 (AMT)
|
|
|
|
|
3,050
|
New York Transportation Development Corporation, New York, Special Facility Revenue
|
1/28 at 100.00
|
Baa3
|
3,548,461
|
|
|
Bonds, Delta Air Lines, Inc. – LaGuardia Airport Terminals C&D Redevelopment Project,
|
|
|
|
|
|
Series 2018, 5.000%, 1/01/34 (AMT)
|
|
|
|
|
|
New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia
|
|
|
|
|
|
Airport Terminal B Redevelopment Project, Series 2016A:
|
|
|
|
|
2,000
|
4.000%, 7/01/35 – AGM Insured (AMT)
|
7/24 at 100.00
|
BBB
|
2,102,980
|
|
10,800
|
5.000%, 7/01/41 (AMT)
|
7/24 at 100.00
|
BBB
|
11,749,536
|
|
10,000
|
5.000%, 7/01/46 (AMT)
|
7/24 at 100.00
|
Baa3
|
10,852,800
|
|
19,560
|
5.250%, 1/01/50 (AMT)
|
7/24 at 100.00
|
Baa3
|
21,369,104
|
|
500
|
Onondaga Civic Development Corporation, New York, Revenue Bonds, Saint Joseph’s Hospital
|
7/19 at 100.00
|
N/R (4)
|
502,890
|
|
|
Health Center Project, Series 2014A, 5.125%, 7/01/31 (Pre-refunded 7/01/19)
|
|
|
|
|
1,310
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
|
12/23 at 100.00
|
AA–
|
1,440,633
|
|
|
Seventy Eighth Series 2013, 5.000%, 12/01/43 (AMT)
|
|
|
|
|
4,320
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
|
12/23 at 100.00
|
AA–
|
4,868,208
|
|
|
Seventy Ninth Series 2013, 5.000%, 12/01/38
|
|
|
|
|
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
|
|
|
|
|
Terminal LLC Project, Eighth Series 2010:
|
|
|
|
|
5,000
|
6.500%, 12/01/28
|
6/19 at 100.00
|
BBB+
|
5,235,050
|
|
590
|
5.500%, 12/01/31
|
12/20 at 100.00
|
BBB+
|
622,692
|
|
1,670
|
6.000%, 12/01/36
|
12/20 at 100.00
|
BBB+
|
1,768,463
|
|
3,045
|
6.000%, 12/01/42
|
12/20 at 100.00
|
BBB+
|
3,223,072
|
|
1,170
|
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Peconic
|
12/20 at 100.00
|
BBB–
|
1,230,044
|
|
|
Landing At Southold, Inc. Project, Refunding Series 2010, 5.875%, 12/01/30
|
|
|
|
|
|
Syracuse Industrial Development Authority, New York, PILOT Revenue Bonds, Carousel
|
|
|
|
|
|
Center Project, Refunding Series 2016A:
|
|
|
|
|
2,835
|
5.000%, 1/01/29 (AMT)
|
1/26 at 100.00
|
Baa3
|
3,025,512
|
|
2,700
|
5.000%, 1/01/34 (AMT)
|
1/26 at 100.00
|
Baa3
|
2,834,487
|
|
9,000
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/45
|
6/27 at 100.00
|
B+
|
8,833,680
|
|
218,960
|
Total New York
|
|
|
229,093,036
|
|
|
North Carolina – 1.4% (0.9% of Total Investments)
|
|
|
|
|
12,250
|
Fayetteville State University, North Carolina, General Revenue Bonds, Series 2013A,
|
4/23 at 100.00
|
A–
|
13,374,183
|
|
|
5.125%, 4/01/43
|
|
|
|
|
|
North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot
|
|
|
|
|
|
Lanes Project, Series 2015:
|
|
|
|
|
3,555
|
5.000%, 12/31/37 (AMT)
|
6/25 at 100.00
|
BBB–
|
3,887,499
|
|
3,480
|
5.000%, 6/30/54 (AMT)
|
6/25 at 100.00
|
BBB–
|
3,758,400
|
|
10,300
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding
|
No Opt. Call
|
Baa2 (4)
|
11,459,883
|
|
|
Series 1993B, 6.000%, 1/01/22 – CAPMAC Insured (ETM) (UB), (6)
|
|
|
|
|
1,570
|
North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue
|
10/24 at 102.00
|
N/R
|
1,698,222
|
|
|
Bonds, Southminster Project, Refunding Series 2016, 5.000%, 10/01/31
|
|
|
|
|
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, WakeMed,
|
|
|
|
|
|
Refunding Series 2012A:
|
|
|
|
|
5,000
|
5.000%, 10/01/27
|
10/22 at 100.00
|
A2
|
5,489,750
|
|
3,400
|
5.000%, 10/01/31
|
10/22 at 100.00
|
A2
|
3,709,502
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
North Carolina (continued)
|
|
|
|
|
$ 500
|
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding
|
1/26 at 100.00
|
A
|
$ 582,720
|
|
|
Series 2015A, 5.000%, 1/01/32
|
|
|
|
|
40,055
|
Total North Carolina
|
|
|
43,960,159
|
|
|
North Dakota – 0.3% (0.2% of Total Investments)
|
|
|
|
|
675
|
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center
|
7/22 at 100.00
|
N/R (4)
|
741,562
|
|
|
Project, Refunding Series 2012A, 5.000%, 7/01/38 (Pre-refunded 7/01/22)
|
|
|
|
|
6,100
|
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series
|
11/21 at 100.00
|
A+
|
6,780,882
|
|
|
2011, 6.250%, 11/01/31
|
|
|
|
|
1,875
|
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System
|
12/21 at 100.00
|
Baa1
|
1,988,081
|
|
|
Obligated Group, Series 2012, 5.000%, 12/01/32
|
|
|
|
|
700
|
Grand Forks, North Dakota, Senior Housing & Nursing Facilities Revenue Bonds, Valley
|
12/26 at 100.00
|
N/R
|
728,630
|
|
|
Homes and Services Obligated Group, Series 2017, 5.000%, 12/01/36
|
|
|
|
|
9,350
|
Total North Dakota
|
|
|
10,239,155
|
|
|
Ohio – 8.1% (5.1% of Total Investments)
|
|
|
|
|
6,250
|
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue
|
11/26 at 100.00
|
Baa2
|
7,079,500
|
|
|
Bonds, Summa Health System, Refunding & Improvement Series 2016, 5.250%, 11/15/46
|
|
|
|
|
6,000
|
Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Series 2017A,
|
2/28 at 100.00
|
A2
|
6,393,240
|
|
|
4.000%, 8/01/36
|
|
|
|
|
1,340
|
Bowling Green State University, Ohio, General Receipts Bonds, Series 2017B,
|
6/27 at 100.00
|
A+
|
1,535,694
|
|
|
5.000%, 6/01/45
|
|
|
|
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
|
|
|
|
|
Revenue Bonds, Senior Lien, Series 2007A-2:
|
|
|
|
|
5,000
|
5.125%, 6/01/24
|
5/19 at 100.00
|
Caa3
|
4,700,150
|
|
4,930
|
5.375%, 6/01/24
|
5/19 at 100.00
|
Caa3
|
4,676,647
|
|
22,830
|
5.875%, 6/01/30
|
5/19 at 100.00
|
Caa3
|
21,859,725
|
|
11,785
|
5.750%, 6/01/34
|
5/19 at 100.00
|
Caa3
|
11,187,736
|
|
12,645
|
6.000%, 6/01/42
|
5/19 at 100.00
|
B–
|
12,461,647
|
|
18,640
|
5.875%, 6/01/47
|
5/19 at 100.00
|
B–
|
17,708,373
|
|
10,480
|
6.500%, 6/01/47
|
5/19 at 100.00
|
B–
|
10,455,058
|
|
24,910
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
Caa1
|
24,590,156
|
|
|
Revenue Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37
|
|
|
|
|
|
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Refunding
|
|
|
|
|
|
Series 2017:
|
|
|
|
|
3,940
|
4.000%, 11/15/34
|
11/27 at 100.00
|
A
|
4,163,871
|
|
3,000
|
4.000%, 11/15/35
|
11/27 at 100.00
|
A
|
3,158,670
|
|
|
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010:
|
|
|
|
|
7,125
|
5.250%, 11/01/29 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
A (4)
|
7,497,352
|
|
1,665
|
5.500%, 11/01/40 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
N/R (4)
|
1,758,140
|
|
3,335
|
5.500%, 11/01/40 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
A (4)
|
3,521,560
|
|
1,000
|
5.750%, 11/01/40 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
A (4)
|
1,059,620
|
|
4,795
|
Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center
|
6/23 at 100.00
|
Baa3
|
4,959,037
|
|
|
Project, Series 2013, 5.000%, 6/15/43
|
|
|
|
|
760
|
Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement
|
7/20 at 100.00
|
BBB
|
782,618
|
|
|
Services, Improvement Series 2010A, 5.625%, 7/01/26
|
|
|
|
|
5,000
|
Hamilton County, Ohio, Hospital Facilities Revenue Bonds, TriHealth, Inc. Obligated
|
8/27 at 100.00
|
A+
|
5,700,850
|
|
|
Group Project, Series 2017A, 5.000%, 8/15/42
|
|
|
|
|
1,000
|
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien
|
1/23 at 100.00
|
Aa3
|
1,095,850
|
|
|
Series 2013A, 5.000%, 1/01/38
|
|
|
|
|
16,820
|
JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds,
|
1/23 at 100.00
|
Aa3
|
18,432,197
|
|
|
Senior Lien Series 2013A, 5.000%, 1/01/38 (UB), (6)
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Ohio (continued)
|
|
|
|
|
|
JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds,
|
|
|
|
|
|
Tender Option Bond Trust 2016-XG0052:
|
|
|
|
|
$ 265
|
11.532%, 1/01/38, 144A (IF), (6)
|
1/23 at 100.00
|
Aa3
|
$ 365,827
|
|
625
|
11.599%, 1/01/38, 144A (IF), (6)
|
1/23 at 100.00
|
Aa3
|
864,625
|
|
975
|
11.599%, 1/01/38, 144A (IF), (6)
|
1/23 at 100.00
|
Aa3
|
1,348,815
|
|
1,315
|
11.599%, 1/01/38, 144A (IF), (6)
|
1/23 at 100.00
|
Aa3
|
1,819,171
|
|
8,360
|
Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc.,
|
8/25 at 100.00
|
Baa1
|
9,161,306
|
|
|
Refunding Series 2015, 5.000%, 8/15/45
|
|
|
|
|
7,495
|
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group,
|
11/21 at 100.00
|
BBB (4)
|
8,301,462
|
|
|
Series 2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21)
|
|
|
|
|
1,000
|
Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health
|
8/21 at 100.00
|
A2
|
1,064,080
|
|
|
Center Project, Refunding Series 2011, 5.125%, 8/01/31
|
|
|
|
|
2,385
|
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,
|
6/19 at 100.00
|
BBB+
|
2,413,191
|
|
|
5.000%, 5/01/30
|
|
|
|
|
2,000
|
Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System
|
2/23 at 100.00
|
Ba2
|
2,112,840
|
|
|
Obligated Group Project, Series 2013, 5.000%, 2/15/33
|
|
|
|
|
3,000
|
Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds,
|
No Opt. Call
|
N/R
|
3,000,000
|
|
|
FirstEnergy Generation Corporation Project, Refunding Series 2009D, 4.250%, 8/01/29
|
|
|
|
|
|
(Mandatory Put 9/15/21), (7)
|
|
|
|
|
1,000
|
Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton,
|
12/20 at 100.00
|
A2
|
1,052,980
|
|
|
Refunding Series 2011A, 5.375%, 12/01/30
|
|
|
|
|
4,350
|
Ohio Higher Educational Facility Commission, Revenue Bonds, University of Dayton,
|
6/25 at 100.00
|
A2
|
4,827,282
|
|
|
Series 2015A, 5.000%, 12/01/44
|
|
|
|
|
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien
|
|
|
|
|
|
Series 2013A-1:
|
|
|
|
|
1,500
|
5.250%, 2/15/39
|
2/23 at 100.00
|
A+
|
1,667,010
|
|
10,530
|
5.000%, 2/15/48
|
2/23 at 100.00
|
Aa3
|
11,447,163
|
|
3,710
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien
|
2/31 at 100.00
|
A+
|
3,919,318
|
|
|
Convertible Series 2013A-3, 5.800%, 2/15/36, (5)
|
|
|
|
|
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien
|
|
|
|
|
|
Series 2018A:
|
|
|
|
|
3,375
|
4.000%, 2/15/38
|
2/28 at 100.00
|
A+
|
3,582,022
|
|
16,325
|
5.000%, 2/15/43
|
2/28 at 100.00
|
A+
|
19,138,940
|
|
241,460
|
Total Ohio
|
|
|
250,863,723
|
|
|
Oklahoma – 0.4% (0.2% of Total Investments)
|
|
|
|
|
1,925
|
Fort Sill Apache Tribe of Oklahoma Economic Development Authority, Gaming Enterprise
|
8/21 at 100.00
|
N/R
|
2,165,356
|
|
|
Revenue Bonds, Fort Sill Apache Casino, Series 2011A, 8.500%, 8/25/26, 144A
|
|
|
|
|
3,000
|
Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Series 2013A,
|
6/23 at 100.00
|
Baa1
|
3,347,340
|
|
|
5.625%, 6/01/43 (AMT)
|
|
|
|
|
4,985
|
Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Series 2015A,
|
6/24 at 100.00
|
Baa1
|
5,421,187
|
|
|
5.000%, 6/01/45 – BAM Insured (AMT)
|
|
|
|
|
1,000
|
Tulsa County Industrial Authority, Oklahoma, Senior Living Community Revenue Bonds,
|
11/25 at 102.00
|
BBB–
|
1,126,790
|
|
|
Montereau, Inc. Project, Refunding Series 2017, 5.250%, 11/15/37
|
|
|
|
|
10,910
|
Total Oklahoma
|
|
|
12,060,673
|
|
|
Oregon – 2.1% (1.3% of Total Investments)
|
|
|
|
|
2,435
|
Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General
|
6/27 at 100.00
|
AA+
|
2,901,327
|
|
|
Obligation Bonds, Convertible Deferred Interest Series 2017D, 5.000%, 6/15/36
|
|
|
|
|
4,875
|
Deschutes County Hospital Facility Authority, Oregon, Hospital Revenue Bonds, Saint
|
1/26 at 100.00
|
A2
|
5,417,344
|
|
|
Charles Health System, Inc., Series 2016A, 5.000%, 1/01/48
|
|
|
|
|
15,440
|
Oregon Facilities Authority, Revenue Bonds, Legacy Health Project, Series 2016A,
|
6/26 at 100.00
|
A+
|
17,413,849
|
|
|
5.000%, 6/01/46
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Oregon (continued)
|
|
|
|
|
$ 1,500
|
Oregon Health and Science University, Revenue Bonds, Refunding Series 2016B,
|
7/26 at 100.00
|
AA–
|
$ 1,726,425
|
|
|
5.000%, 7/01/39
|
|
|
|
|
|
Port of Portland, Oregon, International Airport Revenue Bonds, Series 2017-24B:
|
|
|
|
|
4,000
|
5.000%, 7/01/36 (AMT)
|
1/27 at 100.00
|
AA–
|
4,620,120
|
|
1,000
|
5.000%, 7/01/37 (AMT)
|
1/27 at 100.00
|
AA–
|
1,149,990
|
|
7,645
|
5.000%, 7/01/42 (AMT)
|
1/27 at 100.00
|
AA–
|
8,735,559
|
|
19,000
|
5.000%, 7/01/47 (AMT)
|
1/27 at 100.00
|
AA–
|
21,654,680
|
|
2,000
|
University of Oregon, General Revenue Bonds, Series 2018A, 5.000%, 4/01/48
|
4/28 at 100.00
|
Aa2
|
2,348,420
|
|
57,895
|
Total Oregon
|
|
|
65,967,714
|
|
|
Pennsylvania – 5.0% (3.2% of Total Investments)
|
|
|
|
|
1,100
|
Allegheny Country Industrial Development Authority, Pennsylvania, Environmental
|
11/19 at 100.00
|
B
|
1,114,311
|
|
|
Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2009,
|
|
|
|
|
|
6.750%, 11/01/24
|
|
|
|
|
7,500
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny
|
4/28 at 100.00
|
A
|
8,554,875
|
|
|
Health Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/47
|
|
|
|
|
2,000
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University
|
8/19 at 100.00
|
A+
|
2,020,400
|
|
|
of Pittsburgh Medical Center, Series 2009A, 5.375%, 8/15/29
|
|
|
|
|
|
Allegheny County, Pennsylvania, General Obligation Bonds, Series 2011C-65:
|
|
|
|
|
1,960
|
5.375%, 5/01/31
|
5/21 at 100.00
|
AA–
|
2,093,123
|
|
2,570
|
5.375%, 5/01/31 (Pre-refunded 5/01/21)
|
5/21 at 100.00
|
N/R (4)
|
2,759,949
|
|
|
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master
|
|
|
|
|
|
Settlement, Series 2018:
|
|
|
|
|
345
|
5.000%, 6/01/34
|
6/28 at 100.00
|
A
|
405,630
|
|
550
|
5.000%, 6/01/35
|
6/28 at 100.00
|
A
|
644,287
|
|
|
Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System
|
|
|
|
|
|
Revenue Bonds, Series 2017:
|
|
|
|
|
3,500
|
5.000%, 7/01/37
|
7/27 at 100.00
|
A
|
4,111,275
|
|
8,385
|
5.000%, 7/01/42
|
7/27 at 100.00
|
A
|
9,762,907
|
|
|
Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown
|
|
|
|
|
|
Concession, Capital Appreciation Series 2013B:
|
|
|
|
|
5,400
|
0.000%, 12/01/33
|
No Opt. Call
|
A
|
3,278,016
|
|
11,000
|
0.000%, 12/01/38
|
No Opt. Call
|
A
|
5,344,350
|
|
5,375
|
Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown
|
12/23 at 100.00
|
A
|
5,985,654
|
|
|
Concession, Series 2013A, 5.125%, 12/01/47
|
|
|
|
|
|
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds,
|
|
|
|
|
|
Thomas Jefferson University, Series 2018A:
|
|
|
|
|
2,400
|
5.000%, 9/01/35
|
9/28 at 100.00
|
A2
|
2,803,944
|
|
5,210
|
5.000%, 9/01/43
|
9/28 at 100.00
|
A2
|
5,961,126
|
|
1,665
|
Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage
|
8/20 at 100.00
|
N/R (4)
|
1,741,207
|
|
|
Revenue Bonds, New Regional Medical Center Project, Series 2010, 5.375%, 8/01/38
|
|
|
|
|
|
(Pre-refunded 8/01/20)
|
|
|
|
|
3,430
|
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue
|
1/25 at 100.00
|
Ba1
|
3,748,510
|
|
|
Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45
|
|
|
|
|
2,000
|
Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS
|
11/26 at 100.00
|
A–
|
2,244,840
|
|
|
Retirement-Life Communities, Inc. Obligated Group, Series 2016, 5.000%, 11/15/36
|
|
|
|
|
235
|
Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds,
|
11/24 at 100.00
|
N/R
|
247,150
|
|
|
National Gypsum Company, Refunding Series 2014, 5.500%, 11/01/44 (AMT)
|
|
|
|
|
400
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Edinboro University
|
7/20 at 100.00
|
N/R (4)
|
419,728
|
|
|
Foundation Student Housing Project, Series 2010, 6.000%, 7/01/43 (Pre-refunded 7/01/20)
|
|
|
|
|
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue
|
|
|
|
|
|
Bonds, Subordinate Series 2010A1&2:
|
|
|
|
|
940
|
5.500%, 12/01/34 (Pre-refunded 12/01/20)
|
12/20 at 100.00
|
N/R (4)
|
996,973
|
|
4,310
|
5.500%, 12/01/34 (Pre-refunded 12/01/20)
|
12/20 at 100.00
|
A2 (4)
|
4,571,229
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Pennsylvania (continued)
|
|
|
|
|
$ 16,750
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series
|
12/27 at 100.00
|
A
|
$ 21,243,857
|
|
|
2009E, 6.375%, 12/01/38
|
|
|
|
|
4,305
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%,
|
6/25 at 100.00
|
A+
|
4,828,832
|
|
|
12/01/45
|
|
|
|
|
2,000
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Lien Series
|
12/24 at 100.00
|
A3
|
2,210,500
|
|
|
2014A-1, 5.000%, 12/01/38
|
|
|
|
|
14,500
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C,
|
6/26 at 100.00
|
A2
|
18,157,480
|
|
|
6.250%, 6/01/33 – AGM Insured
|
|
|
|
|
6,250
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2015B-1,
|
12/25 at 100.00
|
A3
|
6,940,562
|
|
|
5.000%, 12/01/45
|
|
|
|
|
5,000
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2016A-1,
|
12/25 at 100.00
|
A3
|
5,548,700
|
|
|
5.000%, 12/01/46
|
|
|
|
|
1,595
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health
|
5/20 at 100.00
|
N/R (4)
|
1,649,820
|
|
|
System Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40
|
|
|
|
|
|
(Pre-refunded 5/15/20)
|
|
|
|
|
8,650
|
Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%,
|
7/27 at 100.00
|
A
|
9,874,321
|
|
|
7/01/42 (AMT)
|
|
|
|
|
1,425
|
Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2011, 6.500%,
|
8/20 at 100.00
|
A– (4)
|
1,509,745
|
|
|
8/01/41 (Pre-refunded 8/01/20)
|
|
|
|
|
2,350
|
Union County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Evangelical
|
No Opt. Call
|
A– (4)
|
2,462,659
|
|
|
Community Hospital Project, Refunding & Improvement Series 2011, 5.500%, 8/01/20 (ETM)
|
|
|
|
|
10,000
|
Westmoreland County Municipal Authority, Pennsylvania, Municipal Service Revenue Bonds,
|
8/25 at 100.00
|
AA
|
11,333,100
|
|
|
Series 2016, 5.000%, 8/15/38 – BAM Insured
|
|
|
|
|
143,100
|
Total Pennsylvania
|
|
|
154,569,060
|
|
|
Puerto Rico – 0.3% (0.2% of Total Investments)
|
|
|
|
|
4,300
|
Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003,
|
6/19 at 100.00
|
A2
|
4,470,624
|
|
|
4.500%, 12/01/23
|
|
|
|
|
800
|
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Bonds,
|
6/19 at 100.00
|
Ca
|
800,928
|
|
|
Refunding Series 2002D, 5.450%, 7/01/31 – AMBAC Insured
|
|
|
|
|
|
Puerto Rico Urgent Interest Fund Corp (COFINA), National Custodial Taxable Trust Unit,
|
|
|
|
|
|
Series 2007A Sr. Bond:
|
|
|
|
|
1,091
|
0.000%, 8/01/42 (8)
|
No Opt. Call
|
N/R
|
898,503
|
|
3,312
|
0.000%, 8/01/42 (8)
|
No Opt. Call
|
N/R
|
2,906,606
|
|
9,503
|
Total Puerto Rico
|
|
|
9,076,661
|
|
|
Rhode Island – 0.5% (0.3% of Total Investments)
|
|
|
|
|
7,230
|
Rhode Island Health and Educational Building Corporation, Higher Education Facility
|
9/23 at 100.00
|
AA+
|
8,020,022
|
|
|
Revenue Bonds, Brown University, Series 2013, 5.000%, 9/01/43
|
|
|
|
|
3,320
|
Rhode Island Health and Educational Building Corporation, Hospital Financing Revenue
|
5/26 at 100.00
|
BBB+
|
3,683,573
|
|
|
Bonds, Lifespan Obligated Group, Refunding Series 2016, 5.000%, 5/15/39
|
|
|
|
|
30,175
|
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed
|
5/19 at 14.18
|
CCC+
|
3,103,499
|
|
|
Bonds, Series 2007A, 0.000%, 6/01/52
|
|
|
|
|
40,725
|
Total Rhode Island
|
|
|
14,807,094
|
|
|
South Carolina – 4.2% (2.6% of Total Investments)
|
|
|
|
|
|
Lexington County Health Services District, Inc., South Carolina, Hospital Revenue Bonds,
|
|
|
|
|
|
Lexington Medical Center, Series 2016:
|
|
|
|
|
7,500
|
5.000%, 11/01/41
|
5/26 at 100.00
|
A
|
8,252,400
|
|
3,180
|
5.000%, 11/01/46
|
5/26 at 100.00
|
A
|
3,498,731
|
|
|
Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2004A-2:
|
|
|
|
|
21,565
|
0.000%, 1/01/30 – AMBAC Insured
|
No Opt. Call
|
A–
|
15,837,336
|
|
1,250
|
0.000%, 1/01/31 – AGC Insured
|
No Opt. Call
|
A3
|
894,013
|
|
4,610
|
Rock Hill, South Carolina, Combined Utility System Revenue Bonds, Series 2016,
|
1/26 at 100.00
|
A
|
5,198,006
|
|
|
5.000%, 1/01/47
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
South Carolina (continued)
|
|
|
|
|
$ 1,640
|
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds,
|
10/25 at 100.00
|
A1
|
$ 1,881,260
|
|
|
Furman University, Refunding Series 2015, 5.000%, 10/01/45
|
|
|
|
|
1,000
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, McLeod
|
5/28 at 100.00
|
AA–
|
1,155,710
|
|
|
Health Projects, Refunding & Improvement Series 2018, 5.000%, 11/01/43
|
|
|
|
|
875
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto
|
8/21 at 100.00
|
AA (4)
|
969,036
|
|
|
Health, Refunding Series 2011A, 6.500%, 8/01/39 (Pre-refunded 8/01/21) – AGM Insured
|
|
|
|
|
9,000
|
South Carolina Public Service Authority Santee Cooper Revenue Obligations, Refunding
|
12/26 at 100.00
|
A+
|
10,096,380
|
|
|
Series 2016B, 5.000%, 12/01/56
|
|
|
|
|
14,765
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding &
|
6/25 at 100.00
|
A–
|
16,339,097
|
|
|
Improvement Series 2015A, 5.000%, 12/01/50
|
|
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding
|
|
|
|
|
|
Series 2014C:
|
|
|
|
|
8,900
|
5.000%, 12/01/39
|
12/24 at 100.00
|
A–
|
9,835,212
|
|
12,760
|
5.000%, 12/01/46
|
12/24 at 100.00
|
A–
|
14,054,757
|
|
5,500
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series
|
12/23 at 100.00
|
A–
|
6,003,470
|
|
|
2013A, 5.125%, 12/01/43
|
|
|
|
|
3,455
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series
|
6/24 at 100.00
|
A+
|
3,838,436
|
|
|
2014A, 5.500%, 12/01/54
|
|
|
|
|
5,000
|
South Carolina State Ports Authority, Revenue Bonds, Series 2015, 5.250%, 7/01/55 (AMT)
|
7/25 at 100.00
|
A+
|
5,583,450
|
|
|
South Carolina State Ports Authority, Revenue Bonds, Series 2018:
|
|
|
|
|
14,350
|
5.000%, 7/01/48 (AMT)
|
7/28 at 100.00
|
A+
|
16,481,405
|
|
8,000
|
5.000%, 7/01/55 (AMT)
|
7/28 at 100.00
|
A+
|
9,066,640
|
|
123,350
|
Total South Carolina
|
|
|
128,985,339
|
|
|
South Dakota – 0.8% (0.5% of Total Investments)
|
|
|
|
|
1,300
|
Deadwood, South Dakota, Sales Tax Revenue Bonds, Series 2009B, 6.250%, 12/01/28
|
12/19 at 100.00
|
N/R
|
1,309,711
|
|
11,320
|
South Dakota Board of Regents, Housing and Auxiliary Facilities System Revenue Bonds,
|
10/27 at 100.00
|
Aa3
|
11,969,202
|
|
|
Series 2017, 4.000%, 4/01/42
|
|
|
|
|
2,685
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Regional
|
9/27 at 100.00
|
A1
|
2,840,676
|
|
|
Health, Refunding Series 2017, 4.000%, 9/01/36
|
|
|
|
|
1,460
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health,
|
11/24 at 100.00
|
A+
|
1,607,373
|
|
|
Series 2014B, 5.000%, 11/01/44
|
|
|
|
|
7,185
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health,
|
11/25 at 100.00
|
A+
|
7,926,995
|
|
|
Series 2015, 5.000%, 11/01/45
|
|
|
|
|
23,950
|
Total South Dakota
|
|
|
25,653,957
|
|
|
Tennessee – 2.2% (1.4% of Total Investments)
|
|
|
|
|
9,460
|
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds,
|
1/23 at 100.00
|
BBB+
|
10,172,054
|
|
|
Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45
|
|
|
|
|
|
Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds,
|
|
|
|
|
|
Ballad Health, Series 2018A:
|
|
|
|
|
2,000
|
5.000%, 7/01/36
|
7/28 at 100.00
|
Baa1
|
2,324,820
|
|
7,000
|
5.000%, 7/01/37
|
7/28 at 100.00
|
Baa1
|
8,071,560
|
|
3,125
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds,
|
7/20 at 100.00
|
Baa1 (4)
|
3,281,000
|
|
|
Mountain States Health Alliance, Refunding Series 2010A, 6.000%, 7/01/38 (Pre-refunded 7/01/20)
|
|
|
|
|
75
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue
|
7/23 at 100.00
|
N/R (4)
|
75,342
|
|
|
Refunding and Improvement Bonds, Johnson City Medical Center, Series 1998C, 5.125%, 7/01/25
|
|
|
|
|
|
(Pre-refunded 7/01/23) – NPFG Insured
|
|
|
|
|
17,000
|
Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue
|
1/27 at 100.00
|
A
|
19,222,410
|
|
|
Bonds, Covenant Health, Refunding Series 2016A, 5.000%, 1/01/47
|
|
|
|
|
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities
|
|
|
|
|
|
Board, Tennessee, Revenue Bonds, Belmont University Project, Series 2012:
|
|
|
|
|
3,000
|
5.000%, 11/01/23
|
11/21 at 100.00
|
A3
|
3,216,060
|
|
3,200
|
5.000%, 11/01/24
|
11/21 at 100.00
|
A3
|
3,429,664
|
|
3,400
|
5.000%, 11/01/25
|
11/21 at 100.00
|
A3
|
3,642,284
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Tennessee (continued)
|
|
|
|
|
$ 535
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities
|
7/26 at 100.00
|
Aa1
|
$ 597,847
|
|
|
Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A,
|
|
|
|
|
|
5.000%, 7/01/46
|
|
|
|
|
10,000
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities
|
10/19 at 100.00
|
AA+ (4)
|
10,143,300
|
|
|
Board, Tennessee, Revenue Bonds, Vanderbilt University, Refunding Series 2009B, 5.000%,
|
|
|
|
|
|
10/01/39 (Pre-refunded 10/01/19)
|
|
|
|
|
4,000
|
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006A,
|
No Opt. Call
|
BBB+
|
4,687,480
|
|
|
5.250%, 9/01/26
|
|
|
|
|
62,795
|
Total Tennessee
|
|
|
68,863,821
|
|
|
Texas – 16.2% (10.2% of Total Investments)
|
|
|
|
|
8,835
|
Arlington, Texas, Special Tax Revenue Bonds, Senior Lien Series 2018A, 5.000%, 2/15/43 –
|
2/28 at 100.00
|
A1
|
10,290,478
|
|
|
AGM Insured
|
|
|
|
|
3,040
|
Austin, Texas, Airport System Revenue Bonds, Series 2015, 5.000%, 11/15/44 (AMT)
|
11/24 at 100.00
|
A
|
3,373,184
|
|
4,500
|
Austin, Texas, Airport System Revenue Bonds, Series 2017B, 5.000%, 11/15/46 (AMT)
|
11/26 at 100.00
|
A
|
5,096,475
|
|
13,705
|
Austin, Texas, Electric Utility System Revenue Bonds, Refunding Series 2015A, 5.000%,
|
11/25 at 100.00
|
Aa3
|
15,565,865
|
|
|
11/15/45 (UB), (6)
|
|
|
|
|
5,000
|
Austin, Texas, Water and Wastewater System Revenue Bonds, Refunding Series 2013A,
|
5/23 at 100.00
|
AA–
|
5,539,500
|
|
|
5.000%, 11/15/43
|
|
|
|
|
1,000
|
Bell County Water Control Improvement District 1, Texas, Water Revenue Bonds, Series
|
7/23 at 100.00
|
A2
|
1,105,880
|
|
|
2014, 5.000%, 7/10/37 – BAM Insured
|
|
|
|
|
|
Bryan, Brazos County, Texas, Electric System Revenue Bonds, Refunding Series 2012:
|
|
|
|
|
1,000
|
5.000%, 7/01/28
|
7/22 at 100.00
|
A+
|
1,089,780
|
|
1,000
|
5.000%, 7/01/29
|
7/22 at 100.00
|
A+
|
1,089,460
|
|
5,500
|
Capital Area Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
4/20 at 100.00
|
Baa1
|
5,688,375
|
|
|
The Roman Catholic Diocese of Austin, Series 2005B Remarketed, 6.125%, 4/01/45
|
|
|
|
|
|
Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien
|
|
|
|
|
|
Series 2013A:
|
|
|
|
|
765
|
5.000%, 1/01/43
|
1/23 at 100.00
|
A–
|
823,630
|
|
1,100
|
5.000%, 1/01/43 – AGM Insured
|
1/23 at 100.00
|
A2
|
1,190,299
|
|
1,250
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2010,
|
1/20 at 100.00
|
Baa1 (4)
|
1,283,925
|
|
|
5.750%, 1/01/25 (Pre-refunded 1/01/20)
|
|
|
|
|
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011:
|
|
|
|
|
1,000
|
6.000%, 1/01/41 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
Baa1 (4)
|
1,069,370
|
|
3,380
|
6.250%, 1/01/46 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
Baa1 (4)
|
3,628,261
|
|
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A:
|
|
|
|
|
2,600
|
5.000%, 1/01/35
|
7/25 at 100.00
|
A–
|
2,933,034
|
|
3,035
|
5.000%, 1/01/45
|
7/25 at 100.00
|
Baa1
|
3,368,516
|
|
1,000
|
Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea
|
8/23 at 100.00
|
BBB+
|
1,121,070
|
|
|
Public Schools, Series 2013, 6.000%, 8/15/43
|
|
|
|
|
2,500
|
Colorado River Municipal Water District, Texas, Water System Revenue Bonds, Series 2011,
|
1/21 at 100.00
|
AA– (4)
|
2,641,075
|
|
|
5.000%, 1/01/36 (Pre-refunded 1/01/21)
|
|
|
|
|
8,100
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Improvement Series
|
11/22 at 100.00
|
A+
|
8,729,694
|
|
|
2013C, 5.125%, 11/01/43 (AMT)
|
|
|
|
|
16,980
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Improvement Series
|
11/22 at 100.00
|
A+
|
17,884,864
|
|
|
2014B, 4.500%, 11/01/45 (AMT)
|
|
|
|
|
3,500
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series
|
11/20 at 100.00
|
A+
|
3,637,690
|
|
|
2010A, 5.000%, 11/01/42
|
|
|
|
|
10,000
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series
|
11/21 at 100.00
|
A+
|
10,582,200
|
|
|
2012E, 5.000%, 11/01/42 (AMT)
|
|
|
|
|
9,000
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Series 2012H,
|
11/21 at 100.00
|
A+
|
9,523,980
|
|
|
5.000%, 11/01/42 (AMT)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
$ 200
|
Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series
|
9/24 at 100.00
|
BBB–
|
$ 216,284
|
|
|
2014A, 5.250%, 9/01/44
|
|
|
|
|
6,090
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier
|
10/23 at 100.00
|
BBB
|
6,668,428
|
|
|
Series 2013A, 5.125%, 10/01/43
|
|
|
|
|
9,120
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate
|
10/23 at 100.00
|
AA+
|
9,857,261
|
|
|
Lien Series 2013B, 5.000%, 4/01/53
|
|
|
|
|
5,295
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate
|
4/28 at 100.00
|
AA
|
6,209,764
|
|
|
Lien Series 2018A Tela Supported, 5.000%, 10/01/48
|
|
|
|
|
4,105
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Tender
|
10/23 at 100.00
|
AA
|
5,432,844
|
|
|
Option Bond Trust 2015-XF0228, 11.720%, 4/01/53 , 144A (IF), (6)
|
|
|
|
|
2,960
|
Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds,
|
10/22 at 100.00
|
B3
|
2,976,961
|
|
|
Citgo Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25 (AMT)
|
|
|
|
|
|
Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
|
|
|
|
|
Houston Methodist Hospital System, Series 2015:
|
|
|
|
|
1,895
|
4.000%, 12/01/45
|
6/25 at 100.00
|
AA
|
1,962,348
|
|
3,480
|
5.000%, 12/01/45
|
6/25 at 100.00
|
AA
|
3,900,836
|
|
1,615
|
Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue
|
6/23 at 100.00
|
Baa2
|
1,715,356
|
|
|
Refunding Bonds, Young Men’s Christian Association of the Greater Houston Area, Series 2013A,
|
|
|
|
|
|
5.000%, 6/01/28
|
|
|
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Capital Appreciation
|
|
|
|
|
|
Refunding Senior Lien Series 2014A:
|
|
|
|
|
510
|
0.000%, 11/15/41 – AGM Insured
|
11/31 at 62.66
|
A2
|
207,891
|
|
1,020
|
0.000%, 11/15/42 – AGM Insured
|
11/31 at 59.73
|
A2
|
396,658
|
|
1,255
|
0.000%, 11/15/43 – AGM Insured
|
11/31 at 56.93
|
A2
|
464,664
|
|
3,305
|
0.000%, 11/15/44 – AGM Insured
|
11/31 at 54.25
|
A2
|
1,166,268
|
|
4,460
|
0.000%, 11/15/45 – AGM Insured
|
11/31 at 51.48
|
A2
|
1,491,825
|
|
6,500
|
0.000%, 11/15/47 – AGM Insured
|
11/31 at 46.45
|
A2
|
1,958,190
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:
|
|
|
|
|
150
|
0.000%, 11/15/24 – NPFG Insured
|
No Opt. Call
|
BB+
|
126,954
|
|
4,440
|
0.000%, 11/15/29 – NPFG Insured
|
No Opt. Call
|
BB+
|
3,117,635
|
|
730
|
0.000%, 11/15/30 – NPFG Insured
|
No Opt. Call
|
BB+
|
489,553
|
|
7,570
|
0.000%, 11/15/31 – NPFG Insured
|
No Opt. Call
|
BB+
|
4,857,593
|
|
600
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien
|
11/24 at 100.00
|
BBB+
|
670,158
|
|
|
Series 2014C, 5.000%, 11/15/33
|
|
|
|
|
1,000
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Senior Lien
|
11/24 at 100.00
|
A–
|
1,134,930
|
|
|
Series 2014A, 5.000%, 11/15/30
|
|
|
|
|
2,305
|
Harris County-Houston Sports Authority, Texas, Special Revenue Bonds, Refunding Senior
|
No Opt. Call
|
A2
|
2,239,261
|
|
|
Lien Series 2001A, 0.000%, 11/15/20 – NPFG Insured
|
|
|
|
|
7,570
|
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series
|
7/28 at 100.00
|
A
|
8,793,690
|
|
|
2018A, 5.000%, 7/01/41 (AMT)
|
|
|
|
|
5,000
|
Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc.
|
No Opt. Call
|
BB
|
5,830,550
|
|
|
Technical Operations Center Project, Series 2018, 5.000%, 7/15/28 (AMT)
|
|
|
|
|
380
|
Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc.
|
7/24 at 100.00
|
Ba3
|
419,744
|
|
|
Terminal E Project, Refunding Series 2014, 5.000%, 7/01/29 (AMT)
|
|
|
|
|
4,000
|
Houston, Texas, Combined Utility System Revenue Bonds, First Lien Series 2011D,
|
11/21 at 100.00
|
AA
|
4,286,160
|
|
|
5.000%, 11/15/40
|
|
|
|
|
|
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and
|
|
|
|
|
|
Entertainment Project, Series 2001B:
|
|
|
|
|
3,250
|
0.000%, 9/01/25 – AMBAC Insured
|
No Opt. Call
|
A2
|
2,834,975
|
|
4,130
|
0.000%, 9/01/26 – AMBAC Insured
|
No Opt. Call
|
A2
|
3,499,184
|
|
3,130
|
0.000%, 9/01/30 – AMBAC Insured
|
No Opt. Call
|
A
|
2,254,758
|
|
12,030
|
0.000%, 9/01/31 – AMBAC Insured
|
No Opt. Call
|
A
|
8,272,670
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
|
Houston, Texas, Water and Sewerage System Revenue Bonds, Refunding Junior Lien
|
|
|
|
|
|
Series 1998A:
|
|
|
|
|
$ 4,680
|
0.000%, 12/01/22 – AGM Insured
|
No Opt. Call
|
AA+
|
$ 4,380,152
|
|
12,030
|
0.000%, 12/01/22 – AGM Insured (ETM)
|
No Opt. Call
|
AA+ (4)
|
11,238,426
|
|
|
Leander Independent School District, Williamson and Travis Counties, Texas, General
|
|
|
|
|
|
Obligation Bonds, Refunding Series 2015A:
|
|
|
|
|
8,000
|
4.000%, 8/15/37
|
8/25 at 100.00
|
AAA
|
8,575,920
|
|
2,275
|
5.000%, 8/15/40
|
8/25 at 100.00
|
AAA
|
2,587,790
|
|
4,800
|
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,
|
11/20 at 100.00
|
BBB+
|
4,992,960
|
|
|
Southwest Airlines Company, Series 2010, 5.250%, 11/01/40
|
|
|
|
|
6,500
|
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA
|
5/26 at 100.00
|
A
|
7,433,010
|
|
|
Transmission Services Corporation Project, Refunding Series 2016, 5.000%, 5/15/46
|
|
|
|
|
9,180
|
Matagorda County Navigation District 1, Texas, Collateralized Revenue Refunding Bonds,
|
No Opt. Call
|
A
|
11,247,887
|
|
|
Houston Light and Power Company, Series 1997, 5.125%, 11/01/28 – AMBAC Insured (AMT)
|
|
|
|
|
2,000
|
McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013,
|
12/25 at 100.00
|
B1
|
2,158,360
|
|
|
6.125%, 12/01/38
|
|
|
|
|
2,835
|
Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project,
|
10/21 at 105.00
|
BB–
|
2,958,719
|
|
|
Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT)
|
|
|
|
|
1,735
|
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing
|
4/24 at 100.00
|
A2
|
1,875,188
|
|
|
Revenue Bonds, CHF-Collegiate Housing Foundation – College Station I LLC – Texas A&M
|
|
|
|
|
|
University Project, Series 2014A, 5.000%, 4/01/46 – AGM Insured
|
|
|
|
|
|
North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible
|
|
|
|
|
|
Capital Appreciation Series 2011C:
|
|
|
|
|
4,030
|
7.000%, 9/01/43 (Pre-refunded 9/01/31), (5)
|
9/31 at 100.00
|
N/R (4)
|
4,747,098
|
|
8,470
|
6.750%, 9/01/45 (Pre-refunded 9/01/31), (5)
|
9/31 at 100.00
|
N/R (4)
|
10,884,035
|
|
205
|
North Texas Tollway Authority, System Revenue Bonds, First Tier Series 2009A,
|
6/19 at 100.00
|
A+
|
205,705
|
|
|
6.250%, 1/01/39
|
|
|
|
|
7,000
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital
|
1/25 at 100.00
|
A+
|
8,596,910
|
|
|
Appreciation Series 2008I, 6.500%, 1/01/43
|
|
|
|
|
10,260
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B,
|
1/23 at 100.00
|
A+
|
11,202,586
|
|
|
5.000%, 1/01/40
|
|
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier,
|
|
|
|
|
|
Series 2015A:
|
|
|
|
|
13,355
|
5.000%, 1/01/33
|
1/25 at 100.00
|
A
|
15,196,654
|
|
1,000
|
5.000%, 1/01/34
|
1/25 at 100.00
|
A
|
1,135,380
|
|
1,300
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital
|
9/19 at 100.00
|
A2
|
1,314,014
|
|
|
Revenue Bonds, Hendrick Medical Center, Series 2009B, 5.250%, 9/01/26 – AGC Insured
|
|
|
|
|
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital
|
|
|
|
|
|
Revenue Bonds, Scott & White Healthcare Project, Series 2010:
|
|
|
|
|
355
|
5.500%, 8/15/45 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
N/R (4)
|
372,313
|
|
4,445
|
5.500%, 8/15/45 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
N/R (4)
|
4,661,783
|
|
2,000
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
8/26 at 100.00
|
AA
|
2,281,900
|
|
|
Texas Health Resources System, Series 2016A, 5.000%, 2/15/41
|
|
|
|
|
605
|
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds,
|
No Opt. Call
|
A2
|
701,606
|
|
|
Senior Lien Series 2008D, 6.250%, 12/15/26
|
|
|
|
|
|
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds,
|
|
|
|
|
|
Series 2012:
|
|
|
|
|
5,910
|
5.000%, 12/15/23
|
12/22 at 100.00
|
BBB
|
6,502,005
|
|
2,050
|
5.000%, 12/15/26
|
12/22 at 100.00
|
BBB
|
2,247,682
|
|
1,000
|
5.000%, 12/15/27
|
12/22 at 100.00
|
BBB
|
1,094,330
|
|
12,745
|
5.000%, 12/15/29
|
12/22 at 100.00
|
BBB
|
13,872,168
|
|
2,000
|
5.000%, 12/15/31
|
12/22 at 100.00
|
BBB
|
2,165,840
|
|
1,620
|
Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE
|
12/19 at 100.00
|
BBB–
|
1,671,872
|
|
|
Mobility Partners LLC North Tarrant Express Managed Lanes Project, Senior Lien Series 2009,
|
|
|
|
|
|
6.875%, 12/31/39
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
$ 19,735
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue
|
12/25 at 100.00
|
Baa3
|
$ 21,509,374
|
|
|
Bonds, Blueridge Transportation Group, LLC SH 288 Toll Lanes Project, Series 2016, 5.000%,
|
|
|
|
|
|
12/31/50 (AMT)
|
|
|
|
|
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue
|
|
|
|
|
|
Bonds, NTE Mobility Partners Segments 3 Segments 3A & 3B Facility, Series 2013:
|
|
|
|
|
1,335
|
7.000%, 12/31/38 (AMT)
|
9/23 at 100.00
|
Baa3
|
1,565,675
|
|
4,040
|
6.750%, 6/30/43 (AMT)
|
9/23 at 100.00
|
Baa3
|
4,679,209
|
|
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue
|
|
|
|
|
|
Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010:
|
|
|
|
|
1,000
|
7.000%, 6/30/34
|
6/20 at 100.00
|
Baa3
|
1,057,660
|
|
1,000
|
7.000%, 6/30/40
|
6/20 at 100.00
|
Baa3
|
1,057,070
|
|
3,335
|
Texas State, General Obligation Bonds, Water Financial Assistance, Tender Option Bond
|
8/19 at 100.00
|
AAA
|
3,412,439
|
|
|
Trust 2015-XF0075, 9.146%, 8/01/39, 144A (IF)
|
|
|
|
|
9,430
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First
|
8/22 at 100.00
|
A–
|
10,109,149
|
|
|
Tier Refunding Series 2012A, 5.000%, 8/15/41
|
|
|
|
|
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First
|
|
|
|
|
|
Tier Refunding Series 2015B:
|
|
|
|
|
8,335
|
0.000%, 8/15/36
|
8/24 at 59.60
|
A–
|
4,115,823
|
|
10,960
|
5.000%, 8/15/37
|
8/24 at 100.00
|
A–
|
12,271,145
|
|
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second
|
|
|
|
|
|
Tier Refunding Series 2015C:
|
|
|
|
|
2,100
|
5.000%, 8/15/33
|
8/24 at 100.00
|
BBB
|
2,346,288
|
|
15,750
|
5.000%, 8/15/42
|
8/24 at 100.00
|
BBB
|
17,334,607
|
|
|
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier
|
|
|
|
|
|
Series 2002A:
|
|
|
|
|
2,285
|
0.000%, 8/15/21 – AMBAC Insured (ETM)
|
No Opt. Call
|
A3 (4)
|
2,195,771
|
|
7,715
|
0.000%, 8/15/21 – AMBAC Insured
|
No Opt. Call
|
A–
|
7,382,561
|
|
2,020
|
0.000%, 8/15/23 – AMBAC Insured (ETM)
|
No Opt. Call
|
A3 (4)
|
1,864,319
|
|
9,980
|
0.000%, 8/15/23 – AMBAC Insured
|
No Opt. Call
|
A–
|
9,097,968
|
|
3,830
|
0.000%, 8/15/24 – AMBAC Insured (ETM)
|
No Opt. Call
|
A3 (4)
|
3,440,336
|
|
21,170
|
0.000%, 8/15/24 – AMBAC Insured
|
No Opt. Call
|
A–
|
18,829,021
|
|
16,600
|
Texas Water Development Board, Series 2017A, 5.000%, 10/15/42 (UB), (6)
|
10/27 at 100.00
|
AAA
|
19,699,552
|
|
|
Travis County Health Facilities Development Corporation, Texas, Revenue Bonds,
|
|
|
|
|
|
Westminster Manor, Series 2010:
|
|
|
|
|
115
|
7.000%, 11/01/30
|
11/20 at 100.00
|
BBB+
|
119,783
|
|
905
|
7.000%, 11/01/30 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
N/R (4)
|
974,911
|
|
485
|
Winter Garden Housing Finance Corporation, Texas, GNMA/FNMA Mortgage-Backed Securities
|
6/19 at 100.00
|
CC
|
486,562
|
|
|
Program Single Family Mortgage Revenue Bonds, Series 1994, 6.950%, 10/01/27 (AMT)
|
|
|
|
|
490,395
|
Total Texas
|
|
|
500,561,514
|
|
|
Utah – 1.6% (1.0% of Total Investments)
|
|
|
|
|
27,055
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017A, 5.000%,
|
7/27 at 100.00
|
A2
|
30,884,906
|
|
|
7/01/47 (AMT)
|
|
|
|
|
4,500
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018A, 5.000%,
|
7/28 at 100.00
|
A2
|
5,199,390
|
|
|
7/01/48 (AMT)
|
|
|
|
|
2,000
|
Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc., Series 2012,
|
5/21 at 100.00
|
AA+
|
2,112,380
|
|
|
5.000%, 5/15/43
|
|
|
|
|
5,795
|
Utah State Charter School Finance Authority, Charter School Revenue Bonds, Hawthorn
|
4/26 at 100.00
|
AA
|
6,452,443
|
|
|
Academy Project, Series 2016, 5.000%, 10/15/46
|
|
|
|
|
|
Utah Transit Authority, Sales Tax Revenue Bonds, Refunding Series 2012:
|
|
|
|
|
1,665
|
5.000%, 6/15/42 (Pre-refunded 6/15/22)
|
6/22 at 100.00
|
N/R (4)
|
1,832,283
|
|
2,445
|
5.000%, 6/15/42
|
6/22 at 100.00
|
A+
|
2,630,844
|
|
43,460
|
Total Utah
|
|
|
49,112,246
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Virginia – 3.1% (2.0% of Total Investments)
|
|
|
|
|
$ 1,000
|
Amherst Industrial Development Authority, Virginia, Revenue Bonds, Sweet Briar College,
|
6/19 at 100.00
|
B+
|
$ 999,940
|
|
|
Series 2006, 5.000%, 9/01/26
|
|
|
|
|
515
|
Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital
|
7/28 at 100.00
|
BBB
|
480,258
|
|
|
Appreciation Series 2012B, 4.875%, 7/15/40, (5)
|
|
|
|
|
1,000
|
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds,
|
5/28 at 100.00
|
Aa2
|
1,069,510
|
|
|
Inova Health System, Series 2018A, 4.000%, 5/15/48 (UB), (6)
|
|
|
|
|
1,000
|
Fairfax County Redevelopment and Housing Authority, Virginia, Multifamily Housing Revenue
|
6/19 at 100.00
|
AA+
|
1,003,740
|
|
|
Bonds, FHA-Insured Mortgage – Cedar Ridge Project, Series 2007, 4.850%, 10/01/48 (AMT)
|
|
|
|
|
12,000
|
Hampton Roads Transportation Accountability Commission, Virginia, Hampton Roads
|
1/28 at 100.00
|
AA
|
14,114,400
|
|
|
Transportation Fund Revenue Bonds, Senior Lien Series 2018A, 5.000%, 7/01/52
|
|
|
|
|
2,400
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours
|
11/22 at 100.00
|
A (4)
|
2,660,904
|
|
|
Health System Obligated Group, Series 2013, 5.000%, 11/01/30 (Pre-refunded 11/01/22)
|
|
|
|
|
5,625
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
4/22 at 100.00
|
BBB+
|
5,967,506
|
|
|
Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A,
|
|
|
|
|
|
5.000%, 10/01/53
|
|
|
|
|
2,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
No Opt. Call
|
A3
|
1,082,740
|
|
|
Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B, 0.000%,
|
|
|
|
|
|
10/01/36 – AGC Insured
|
|
|
|
|
5,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/26 at 100.00
|
A3
|
6,362,600
|
|
|
Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009C, 6.500%,
|
|
|
|
|
|
10/01/41 – AGC Insured
|
|
|
|
|
5,000
|
Metropolitan Washington DC Airports Authority, Virginia, Airport System Revenue Bonds,
|
10/20 at 100.00
|
AA–
|
5,190,900
|
|
|
Series 2010A, 5.000%, 10/01/39
|
|
|
|
|
4,500
|
Metropolitan Washington DC Airports Authority, Virginia, Airport System Revenue Bonds,
|
10/23 at 100.00
|
AA–
|
5,016,285
|
|
|
Refunding Series 2013A, 5.000%, 10/01/30 (AMT)
|
|
|
|
|
|
Prince William County Industrial Development Authority, Virginia, Health Care Facilities
|
|
|
|
|
|
Revenue Bonds, Novant Health Obligated Group-Prince William Hospital, Refunding Series 2013B:
|
|
|
|
|
2,000
|
4.000%, 11/01/33
|
11/22 at 100.00
|
A+
|
2,078,800
|
|
3,000
|
5.000%, 11/01/46
|
11/22 at 100.00
|
A+
|
3,215,640
|
|
6,115
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed
|
5/19 at 100.00
|
B–
|
5,943,964
|
|
|
Bonds, Series 2007B1, 5.000%, 6/01/47
|
|
|
|
|
|
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform
|
|
|
|
|
|
66 P3 Project, Senior Lien Series 2017:
|
|
|
|
|
8,100
|
5.000%, 12/31/49 (AMT)
|
6/27 at 100.00
|
Baa3
|
8,889,345
|
|
7,355
|
5.000%, 12/31/52 (AMT)
|
6/27 at 100.00
|
BBB
|
8,049,974
|
|
4,535
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes
|
1/22 at 100.00
|
BBB
|
4,784,425
|
|
|
LLC Project, Series 2012, 5.000%, 1/01/40 (AMT)
|
|
|
|
|
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
|
|
|
|
|
|
Crossing, Opco LLC Project, Series 2012:
|
|
|
|
|
3,670
|
6.000%, 1/01/37 (AMT)
|
7/22 at 100.00
|
BBB
|
4,051,203
|
|
14,930
|
5.500%, 1/01/42 (AMT)
|
7/22 at 100.00
|
BBB
|
16,132,462
|
|
89,745
|
Total Virginia
|
|
|
97,094,596
|
|
|
Washington – 4.7% (2.9% of Total Investments)
|
|
|
|
|
8,000
|
Chelan County Public Utility District 1, Washington, Columbia River-Rock Island
|
No Opt. Call
|
Aa3
|
7,987,920
|
|
|
Hydro-Electric System Revenue Refunding Bonds, Series 1997A, 0.000%, 6/01/19 – NPFG Insured
|
|
|
|
|
2,000
|
Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station,
|
7/24 at 100.00
|
AA–
|
2,257,220
|
|
|
Refunding Series 2014A, 5.000%, 7/01/40
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Washington (continued)
|
|
|
|
|
$ 3,750
|
FYI Properties, Washington, Lease Revenue Bonds, Washington State Department of
|
No Opt. Call
|
AA
|
$ 3,761,813
|
|
|
Information Services Project, Series 2009, 5.500%, 6/01/39 (UB), (6)
|
|
|
|
|
2,375
|
Grant County Public Utility District 2, Washington, Revenue Bonds, Priest Rapids
|
1/26 at 100.00
|
Aa3
|
2,705,838
|
|
|
Hydroelectric Project, Refunding Series 2015A, 5.000%, 1/01/41
|
|
|
|
|
2,270
|
Port Everett, Washington, Revenue Bonds, Refunding Series 2016, 5.000%, 12/01/46
|
6/26 at 100.00
|
A1
|
2,593,293
|
|
14,955
|
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2017C, 5.000%,
|
5/27 at 100.00
|
A+
|
17,150,095
|
|
|
5/01/42 (AMT)
|
|
|
|
|
|
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2018A:
|
|
|
|
|
6,000
|
5.000%, 5/01/36 (AMT)
|
5/27 at 100.00
|
A+
|
6,947,160
|
|
4,515
|
5.000%, 5/01/43 (AMT)
|
5/27 at 100.00
|
A+
|
5,140,057
|
|
10,000
|
Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue
|
6/23 at 100.00
|
A+
|
10,901,300
|
|
|
Bonds, Series 2013A, 5.000%, 5/01/43
|
|
|
|
|
5,195
|
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical
|
12/20 at 100.00
|
N/R (4)
|
5,505,713
|
|
|
Center, Series 2010, 5.500%, 12/01/39 (Pre-refunded 12/01/20)
|
|
|
|
|
1,590
|
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical
|
12/21 at 100.00
|
N/R (4)
|
1,723,592
|
|
|
Center, Series 2012, 5.000%, 12/01/42 (Pre-refunded 12/01/21)
|
|
|
|
|
4,000
|
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health &
|
10/22 at 100.00
|
AA–
|
4,371,000
|
|
|
Services, Refunding Series 2012A, 5.000%, 10/01/32
|
|
|
|
|
1,000
|
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
|
10/22 at 100.00
|
Aa2
|
1,086,560
|
|
|
Series 2012A, 5.000%, 10/01/42
|
|
|
|
|
11,500
|
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
|
4/25 at 100.00
|
Aa2
|
12,885,635
|
|
|
Series 2015A, 5.000%, 10/01/45 (UB)
|
|
|
|
|
|
Washington State Health Care Facilities Authority, Revenue Bonds, Central Washington
|
|
|
|
|
|
Health Services Association, Series 2009:
|
|
|
|
|
845
|
6.250%, 7/01/24
|
7/19 at 100.00
|
Baa1
|
850,442
|
|
1,155
|
6.250%, 7/01/24 (Pre-refunded 7/01/19)
|
7/19 at 100.00
|
N/R (4)
|
1,163,605
|
|
4,000
|
Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer
|
7/19 at 100.00
|
A+ (4)
|
4,028,160
|
|
|
Research Center, Series 2009A, 6.000%, 1/01/33 (Pre-refunded 7/01/19)
|
|
|
|
|
320
|
Washington State Housing Finance Commission, Revenue Bonds, Riverview Retirement
|
1/23 at 100.00
|
BBB–
|
328,701
|
|
|
Community, Refunding Series 2012, 5.000%, 1/01/48
|
|
|
|
|
6,480
|
Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2002-03C,
|
No Opt. Call
|
AA+
|
5,861,678
|
|
|
0.000%, 6/01/24 – NPFG Insured
|
|
|
|
|
11,050
|
Washington, General Obligation Bonds, Series 2000S-5, 0.000%, 1/01/20 – FGIC Insured
|
No Opt. Call
|
AA+
|
10,927,897
|
|
|
Washington, General Obligation Compound Interest Bonds, Series 1999S-3:
|
|
|
|
|
17,650
|
0.000%, 1/01/20
|
No Opt. Call
|
AA+
|
17,454,967
|
|
18,470
|
0.000%, 1/01/21
|
No Opt. Call
|
AA+
|
17,940,465
|
|
137,120
|
Total Washington
|
|
|
143,573,111
|
|
|
West Virginia – 1.0% (0.6% of Total Investments)
|
|
|
|
|
1,965
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area
|
9/19 at 100.00
|
Baa1
|
1,985,574
|
|
|
Medical Center, Series 2009A, 5.625%, 9/01/32
|
|
|
|
|
1,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Thomas Health System,
|
5/19 at 100.00
|
N/R
|
755,280
|
|
|
Inc., Series 2008, 6.500%, 10/01/38, (7)
|
|
|
|
|
7,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United
|
6/23 at 100.00
|
A
|
7,768,250
|
|
|
Health System Obligated Group, Refunding & Improvement Series 2013A, 5.500%, 6/01/44
|
|
|
|
|
15,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United
|
6/28 at 100.00
|
A
|
16,882,350
|
|
|
Health System Obligated Group, Series 2018A, 5.000%, 6/01/52
|
|
|
|
|
2,000
|
West Virginia Hospital Finance Authority, Revenue Bonds, West Virginia University Health
|
6/27 at 100.00
|
A
|
2,245,620
|
|
|
System Obligated Group, Improvement Series 2017A, 5.000%, 6/01/42
|
|
|
|
|
26,965
|
Total West Virginia
|
|
|
29,637,074
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Wisconsin – 1.9% (1.2% of Total Investments)
|
|
|
|
|
|
Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds,
|
|
|
|
|
|
Lombard Public Facilities Corporation, First Tier Series 2018A-1:
|
|
|
|
|
$ 34
|
0.000%, 1/01/47, 144A
|
No Opt. Call
|
N/R
|
$ 1,085
|
|
30
|
0.000%, 1/01/48, 144A
|
No Opt. Call
|
N/R
|
941
|
|
29
|
0.000%, 1/01/49, 144A
|
No Opt. Call
|
N/R
|
919
|
|
29
|
0.000%, 1/01/50, 144A
|
No Opt. Call
|
N/R
|
883
|
|
28
|
0.000%, 1/01/51, 144A
|
No Opt. Call
|
N/R
|
862
|
|
36
|
0.000%, 1/01/52, 144A
|
No Opt. Call
|
N/R
|
1,113
|
|
36
|
0.000%, 1/01/53, 144A
|
No Opt. Call
|
N/R
|
1,091
|
|
35
|
0.000%, 1/01/54, 144A
|
No Opt. Call
|
N/R
|
1,048
|
|
34
|
0.000%, 1/01/55, 144A
|
No Opt. Call
|
N/R
|
1,020
|
|
33
|
0.000%, 1/01/56, 144A
|
No Opt. Call
|
N/R
|
993
|
|
1,619
|
5.500%, 7/01/56, 144A
|
3/28 at 100.00
|
N/R
|
1,545,090
|
|
37
|
0.000%, 1/01/57, 144A
|
No Opt. Call
|
N/R
|
1,094
|
|
36
|
0.000%, 1/01/58, 144A
|
No Opt. Call
|
N/R
|
1,059
|
|
35
|
0.000%, 1/01/59, 144A
|
No Opt. Call
|
N/R
|
1,025
|
|
34
|
0.000%, 1/01/60, 144A
|
No Opt. Call
|
N/R
|
999
|
|
34
|
0.000%, 1/01/61, 144A
|
No Opt. Call
|
N/R
|
980
|
|
33
|
0.000%, 1/01/62, 144A
|
No Opt. Call
|
N/R
|
947
|
|
32
|
0.000%, 1/01/63, 144A
|
No Opt. Call
|
N/R
|
922
|
|
31
|
0.000%, 1/01/64, 144A
|
No Opt. Call
|
N/R
|
896
|
|
31
|
0.000%, 1/01/65, 144A
|
No Opt. Call
|
N/R
|
878
|
|
33
|
0.000%, 1/01/66, 144A
|
No Opt. Call
|
N/R
|
942
|
|
401
|
0.000%, 1/01/67, 144A
|
No Opt. Call
|
N/R
|
11,291
|
|
|
Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds,
|
|
|
|
|
|
Lombard Public Facilities Corporation, Second Tier Series 2018B:
|
|
|
|
|
59
|
0.000%, 1/01/46, 144A
|
No Opt. Call
|
N/R
|
1,900
|
|
59
|
0.000%, 1/01/47, 144A
|
No Opt. Call
|
N/R
|
1,858
|
|
58
|
0.000%, 1/01/48, 144A
|
No Opt. Call
|
N/R
|
1,831
|
|
58
|
0.000%, 1/01/49, 144A
|
No Opt. Call
|
N/R
|
1,804
|
|
57
|
0.000%, 1/01/50, 144A
|
No Opt. Call
|
N/R
|
1,766
|
|
62
|
0.000%, 1/01/51, 144A
|
No Opt. Call
|
N/R
|
1,921
|
|
1,625
|
3.750%, 7/01/51, 144A
|
3/28 at 100.00
|
N/R
|
1,471,576
|
|
62
|
0.000%, 1/01/52, 144A
|
No Opt. Call
|
N/R
|
1,896
|
|
61
|
0.000%, 1/01/53, 144A
|
No Opt. Call
|
N/R
|
1,858
|
|
61
|
0.000%, 1/01/54, 144A
|
No Opt. Call
|
N/R
|
1,834
|
|
60
|
0.000%, 1/01/55, 144A
|
No Opt. Call
|
N/R
|
1,798
|
|
59
|
0.000%, 1/01/56, 144A
|
No Opt. Call
|
N/R
|
1,762
|
|
59
|
0.000%, 1/01/57, 144A
|
No Opt. Call
|
N/R
|
1,740
|
|
58
|
0.000%, 1/01/58, 144A
|
No Opt. Call
|
N/R
|
1,706
|
|
57
|
0.000%, 1/01/59, 144A
|
No Opt. Call
|
N/R
|
1,684
|
|
57
|
0.000%, 1/01/60, 144A
|
No Opt. Call
|
N/R
|
1,663
|
|
56
|
0.000%, 1/01/61, 144A
|
No Opt. Call
|
N/R
|
1,629
|
|
56
|
0.000%, 1/01/62, 144A
|
No Opt. Call
|
N/R
|
1,609
|
|
55
|
0.000%, 1/01/63, 144A
|
No Opt. Call
|
N/R
|
1,577
|
|
54
|
0.000%, 1/01/64, 144A
|
No Opt. Call
|
N/R
|
1,557
|
|
54
|
0.000%, 1/01/65, 144A
|
No Opt. Call
|
N/R
|
1,537
|
|
53
|
0.000%, 1/01/66, 144A
|
No Opt. Call
|
N/R
|
1,506
|
|
693
|
0.000%, 1/01/67, 144A
|
No Opt. Call
|
N/R
|
19,522
|
|
880
|
Public Finance Authority of Wisconsin, Exempt Facilities Revenue Bonds, National Gypsum
|
11/24 at 100.00
|
N/R
|
959,165
|
|
|
Company Project, Refunding Series 2014, 5.250%, 4/01/30 (AMT)
|
|
|
|
|
5,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian
|
7/23 at 100.00
|
N/R (4)
|
5,656,150
|
|
|
HealthCare, Inc., Series 2013B, 5.000%, 7/01/36 (Pre-refunded 7/01/23)
|
|
|
|
|
10,225
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ascension Health
|
5/26 at 100.00
|
Aa2
|
11,298,829
|
|
|
Alliance Senior Credit Group, Series 2016A, 4.500%, 11/15/39
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Wisconsin (continued)
|
|
|
|
|
$ 1,035
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit Health
|
4/20 at 100.00
|
A–
|
$ 1,053,992
|
|
|
System, Inc., Series 2010B, 5.125%, 4/01/36
|
|
|
|
|
1,685
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit Health
|
7/26 at 100.00
|
A–
|
1,732,045
|
|
|
System, Inc., Series 2016, 4.000%, 7/01/46
|
|
|
|
|
4,330
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Childrens Hospital
|
2/20 at 100.00
|
N/R (4)
|
4,460,593
|
|
|
of Wisconsin Inc., Series 2008B, 5.500%, 8/15/29 (Pre-refunded 2/15/20)
|
|
|
|
|
4,220
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Children’s
|
8/27 at 100.00
|
Aa3
|
4,444,799
|
|
|
Hospital of Wisconsin, Inc., Series 2017, 4.000%, 8/15/42
|
|
|
|
|
1,250
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
2/22 at 100.00
|
A–
|
1,319,713
|
|
|
Series 2012B, 5.000%, 2/15/32
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
|
|
|
|
|
Series 2016A:
|
|
|
|
|
12,440
|
5.000%, 2/15/42
|
2/26 at 100.00
|
A–
|
13,720,698
|
|
6,000
|
5.000%, 2/15/46
|
2/26 at 100.00
|
A–
|
6,611,340
|
|
2,750
|
Wisconsin Health and Educational Facilities Authority, Revenues Bonds, Gundersen
|
10/21 at 100.00
|
A1
|
2,923,580
|
|
|
Lutheran, Series 2011A, 5.250%, 10/15/39
|
|
|
|
|
56,028
|
Total Wisconsin
|
|
|
57,284,516
|
|
$ 4,808,557
|
Total Municipal Bonds (cost $4,538,517,806)
|
|
|
4,894,893,528
|
|
|
Principal
|
|
|
|
|
|
|
Amount (000)
|
Description (1)
|
Coupon
|
Maturity
|
Ratings (3)
|
Value
|
|
|
CORPORATE BONDS – 0.0% (0.0% of Total Investments)
|
|
|
|
|
|
|
Transportation – 0.0% (0.0% of Total Investments)
|
|
|
|
|
|
$ 713
|
Las Vegas Monorail Company, Senior Interest Bonds, (7), (9), (10)
|
5.500%
|
7/15/19
|
N/R
|
$ 474,170
|
|
204
|
Las Vegas Monorail Company, Senior Interest Bonds, (7), (9), (10)
|
5.500%
|
7/15/55
|
N/R
|
101,708
|
|
$ 917
|
Total Corporate Bonds (cost $33,500)
|
|
|
|
575,878
|
|
|
Shares
|
Description (1), (11)
|
|
|
|
Value
|
|
|
INVESTMENT COMPANIES – 0.0% (0.0% of Total Investments)
|
|
|
|
|
|
8,812
|
BlackRock MuniHoldings Fund Inc.
|
|
|
|
$ 140,287
|
|
32,524
|
Invesco Quality Municipal Income Trust
|
|
|
|
389,963
|
|
|
Total Investment Companies (cost $530,611)
|
|
|
|
530,250
|
|
|
Total Long-Term Investments (cost $4,539,081,917)
|
|
|
|
4,895,999,656
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
|
|
|
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
SHORT-TERM INVESTMENTS – 0.3% (0.2% of Total Investments)
|
|
|
|
|
|
MUNICIPAL BONDS – 0.3% (0.2% of Total Investments)
|
|
|
|
|
|
Texas – 0.3% (0.2% of Total Investments)
|
|
|
|
|
$ 10,330
|
Lower Neches Valley Authority, Texas, Industrial Development Corporation Exempt Facilities
|
5/19 at 100.00
|
A-1+
|
$ 10,330,000
|
|
|
Revenue Bonds, Exxon Mobil Project, Variable Rate Demand Obligations, Series 2001B-4,
|
|
|
|
|
|
2.280%, 3/01/33 (AMT), (12)
|
|
|
|
|
$ 10,330
|
Total Short-Term Investments (cost $10,330,000)
|
|
|
10,330,000
|
|
|
Total Investments (cost $4,549,411,917) – 158.6%
|
|
|
4,906,329,656
|
|
|
Floating Rate Obligations – (2.8)%
|
|
|
(86,275,000)
|
|
|
Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (17.6)% (13)
|
|
|
(545,047,940)
|
|
|
MuniFund Preferred Shares, net of deferred offering costs – (19.6)% (14)
|
|
|
(606,645,400)
|
|
|
Variable Rate Demand Preferred Shares, net of deferred offering costs – (20.4)% (15)
|
|
|
(629,708,003)
|
|
|
Other Assets Less Liabilities – 1.8%
|
|
|
53,964,544
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 3,092,617,857
|
(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)
|
The ratings disclosed are the lowest 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.
|
(5)
|
Step-up coupon bond, a bond with a coupon that increases (“steps up”), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period.
|
(6)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.
|
(7)
|
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.
|
(8)
|
Effective February 12, 2019, the par value of the original bonds was replaced with taxable and tax exempt Puerto Rico Sales Tax Financing Corporation (commonly known as COFINA) bond units that are collateralized by a bundle of zero and coupon paying bonds. The quantity shown represents units in a trust, which were assigned according to the original bond’s accreted value. These securities do not have a stated coupon interest rate and income will be recognized through accretion of the discount associated with the trust units. The factor at which these units accrete can also decrease, primarily for principal payments generated from coupon payments received or dispositions of the underlying bond collateral. The quantity of units will not change as a result of these principal payments.
|
(9)
|
The tax-exempt municipal bonds previously held by the Fund were surrendered in conjunction with the issuer’s bankruptcy reorganization plan. In return, the Fund received one or more senior interest corporate bonds.
|
(10)
|
Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment categorized as Level 3. See Notes to Financial Statements, Note 2 – Investment Valuation and Fair Value Measurements for more information.
|
(11)
|
A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov.
|
(12)
|
Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect at the end of the reporting period. This rate changes periodically based on market conditions or a specified market index.
|
(13)
|
Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 11.1%.
|
(14)
|
MuniFund Preferred Shares, net of deferring offering costs as a percentage of Total Investments is 12.4%.
|
(15)
|
Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 12.8%.
|
144A
|
Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
|
AMT
|
Alternative Minimum Tax
|
ETM
|
Escrowed to maturity
|
IF
|
Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.
|
PIK
|
Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period.
|
UB
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 – Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities for more information.
|
WI/DD
|
Purchased on a when-issued or delayed delivery basis.
|
|
See accompanying notes to financial statements.
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
Portfolio of Investments April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
LONG-TERM INVESTMENTS – 157.6% (99.9% of Total Investments)
|
|
|
|
|
|
MUNICIPAL BONDS – 157.6% (99.9% of Total Investments)
|
|
|
|
|
|
Alabama – 1.1% (0.7% of Total Investments)
|
|
|
|
|
$ 4,250
|
Infirmary Health System Special Care Facilities Financing Authority of Mobile, Alabama,
|
2/26 at 100.00
|
BBB+
|
$ 4,693,658
|
|
|
Revenue Bonds, Infirmary Health System, Inc., Series 2016A, 5.000%, 2/01/41
|
|
|
|
|
20,675
|
Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A,
|
No Opt. Call
|
A3
|
26,588,257
|
|
|
5.000%, 9/01/46
|
|
|
|
|
4,900
|
Mobile Spring Hill College Educational Building Authority, Alabama, Revenue Bonds,
|
4/25 at 100.00
|
N/R
|
5,128,340
|
|
|
Spring Hill College Project, Series 2015, 5.875%, 4/15/45
|
|
|
|
|
5,310
|
Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone
|
5/29 at 100.00
|
N/R
|
5,697,258
|
|
|
Bonds, Hunt Refining Project, Refunding Series 2019A, 5.250%, 5/01/44, 144A (WI/DD,
|
|
|
|
|
|
Settling 5/06/19)
|
|
|
|
|
35,135
|
Total Alabama
|
|
|
42,107,513
|
|
|
Alaska – 0.7% (0.4% of Total Investments)
|
|
|
|
|
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed
|
|
|
|
|
|
Bonds, Series 2006A:
|
|
|
|
|
17,040
|
5.000%, 6/01/32
|
5/19 at 100.00
|
B3
|
17,039,319
|
|
10,070
|
5.000%, 6/01/46
|
5/19 at 100.00
|
B3
|
9,856,113
|
|
27,110
|
Total Alaska
|
|
|
26,895,432
|
|
|
Arizona – 2.0% (1.3% of Total Investments)
|
|
|
|
|
1,460
|
Apache County Industrial Development Authority, Arizona, Pollution Control Revenue
|
3/22 at 100.00
|
A–
|
1,534,781
|
|
|
Bonds, Tucson Electric Power Company, Series 2012A, 4.500%, 3/01/30
|
|
|
|
|
1,025
|
Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of
|
7/27 at 100.00
|
AA–
|
1,139,810
|
|
|
Math & Science Projects, Series 2017A, 5.000%, 7/01/51
|
|
|
|
|
|
Arizona State, Certificates of Participation, Series 2010A:
|
|
|
|
|
2,800
|
5.250%, 10/01/28 – AGM Insured
|
10/19 at 100.00
|
Aa3
|
2,842,420
|
|
3,500
|
5.000%, 10/01/29 – AGM Insured
|
10/19 at 100.00
|
Aa3
|
3,549,420
|
|
7,500
|
Arizona State, State Lottery Revenue Bonds, Series 2010A, 5.000%, 7/01/29 – AGC Insured
|
1/20 at 100.00
|
Aa3
|
7,666,575
|
|
7,115
|
Lake Havasu City, Arizona, Wastewater System Revenue Bonds, Refunding Senior Lien Series
|
7/25 at 100.00
|
A2
|
8,082,142
|
|
|
2015B, 5.000%, 7/01/43 – AGM Insured
|
|
|
|
|
1,315
|
Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds,
|
9/28 at 100.00
|
A2
|
1,503,321
|
|
|
HonorHealth, Series 2019A, 5.000%, 9/01/42
|
|
|
|
|
5,135
|
Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health,
|
1/27 at 100.00
|
AA–
|
5,502,358
|
|
|
Refunding Series 2016A, 4.000%, 1/01/36
|
|
|
|
|
7,780
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien
|
7/20 at 100.00
|
A+ (4)
|
8,083,654
|
|
|
Series 2010A, 5.000%, 7/01/40 (Pre-refunded 7/01/20)
|
|
|
|
|
|
Phoenix Civic Improvement Corporation, Arizona, Revenue Bonds, Civic Plaza Expansion
|
|
|
|
|
|
Project, Series 2005B:
|
|
|
|
|
6,545
|
5.500%, 7/01/37 – FGIC Insured
|
No Opt. Call
|
AA
|
9,115,614
|
|
10,000
|
5.500%, 7/01/40 – FGIC Insured
|
No Opt. Call
|
AA
|
13,913,400
|
|
3,000
|
Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Series 2018A,
|
8/28 at 100.00
|
AA
|
3,547,620
|
|
|
5.000%, 8/01/47
|
|
|
|
|
11,080
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy
|
No Opt. Call
|
BBB+
|
13,972,102
|
|
|
Inc. Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37
|
|
|
|
|
68,255
|
Total Arizona
|
|
|
80,453,217
|
|
|
Arkansas – 0.1% (0.1% of Total Investments)
|
|
|
|
|
5,080
|
Independence County, Arkansas, Hydroelectric Power Revenue Bonds, Series 2003, 5.350%,
|
6/19 at 100.00
|
N/R
|
4,987,392
|
|
|
5/01/28 – ACA Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California – 12.7% (8.0% of Total Investments)
|
|
|
|
|
$ 22,880
|
Alameda Corridor Transportation Authority, California, Revenue Bonds, Senior Lien Series
|
No Opt. Call
|
A–
|
$ 14,863,763
|
|
|
1999A, 0.000%, 10/01/32 – NPFG Insured
|
|
|
|
|
4,225
|
Alameda Unified School District, Alameda County, California, General Obligation Bonds,
|
No Opt. Call
|
AA
|
3,419,377
|
|
|
Series 2005B, 0.000%, 8/01/28 – AGM Insured
|
|
|
|
|
15,870
|
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement
|
No Opt. Call
|
A2
|
15,502,609
|
|
|
Project, Series 1997C, 0.000%, 9/01/20 – AGM Insured
|
|
|
|
|
3,450
|
Antelope Valley Joint Union High School District, Los Angeles and Kern Counties,
|
No Opt. Call
|
A1
|
2,603,301
|
|
|
California, General Obligation Bonds, Series 2004B, 0.000%, 8/01/29 – NPFG Insured
|
|
|
|
|
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge,
|
|
|
|
|
|
Series 2013S-4:
|
|
|
|
|
5,000
|
5.000%, 4/01/38 (Pre-refunded 4/01/23)
|
4/23 at 100.00
|
A1 (4)
|
5,679,050
|
|
6,500
|
5.250%, 4/01/53 (Pre-refunded 4/01/23)
|
4/23 at 100.00
|
A1 (4)
|
7,444,450
|
|
10,000
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge,
|
4/24 at 100.00
|
Aa3
|
10,975,400
|
|
|
Series 2014F-1, 5.000%, 4/01/54
|
|
|
|
|
8,000
|
Beverly Hills Unified School District, Los Angeles County, California, General
|
No Opt. Call
|
AA+
|
5,377,280
|
|
|
Obligation Bonds, Series 2009, 0.000%, 8/01/33
|
|
|
|
|
|
Burbank Unified School District, Los Angeles County, California, General Obligation
|
|
|
|
|
|
Bonds, Series 2015A:
|
|
|
|
|
2,250
|
5.000%, 8/01/32
|
2/25 at 100.00
|
AA–
|
2,093,490
|
|
1,350
|
5.000%, 8/01/33
|
2/25 at 100.00
|
AA–
|
1,251,612
|
|
7,845
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,
|
5/19 at 100.00
|
B2
|
7,850,413
|
|
|
Los Angeles County Securitization Corporation, Series 2006A, 5.600%, 6/01/36
|
|
|
|
|
|
California Educational Facilities Authority, Revenue Refunding Bonds, Loyola Marymount
|
|
|
|
|
|
University, Series 2001A:
|
|
|
|
|
3,255
|
0.000%, 10/01/23 – NPFG Insured
|
No Opt. Call
|
A2
|
2,989,880
|
|
5,890
|
0.000%, 10/01/24 – NPFG Insured
|
No Opt. Call
|
A2
|
5,267,839
|
|
7,615
|
0.000%, 10/01/25 – NPFG Insured
|
No Opt. Call
|
A2
|
6,625,202
|
|
1,350
|
0.000%, 10/01/39 – NPFG Insured
|
No Opt. Call
|
A2
|
665,051
|
|
3,330
|
California Health Facilities Financing Authority, Refunding Revenue Bonds, Stanford
|
11/21 at 100.00
|
AA– (4)
|
3,645,717
|
|
|
Hospital and Clinics, Series 2008A-2 RMKT, 5.250%, 11/15/40 (Pre-refunded 11/15/21)
|
|
|
|
|
10,000
|
California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard
|
8/22 at 100.00
|
A+
|
10,749,300
|
|
|
Children’s Hospital, Series 2012A, 5.000%, 8/15/51
|
|
|
|
|
3,000
|
California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard
|
8/22 at 100.00
|
A+
|
3,224,790
|
|
|
Children’s Hospital, Series 2012A, 5.000%, 8/15/51 (UB), (6)
|
|
|
|
|
2,550
|
California Health Facilities Financing Authority, Revenue Bonds, Providence Health &
|
10/19 at 100.00
|
AA–
|
2,590,162
|
|
|
Services, Series 2009B, 5.500%, 10/01/39
|
|
|
|
|
530
|
California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health
|
7/23 at 100.00
|
AA–
|
588,348
|
|
|
System, Series 2013A, 5.000%, 7/01/37
|
|
|
|
|
1,710
|
California Health Facilities Financing Authority, Revenue Bonds, Scripps Health, Series
|
11/21 at 100.00
|
Aa3
|
1,833,240
|
|
|
2012A, 5.000%, 11/15/40
|
|
|
|
|
|
California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and
|
|
|
|
|
|
Clinics, Tender Option Bond Trust 2016-XG0049:
|
|
|
|
|
485
|
7.158%, 8/15/51, 144A (IF), (6)
|
8/22 at 100.00
|
AA–
|
563,337
|
|
525
|
7.162%, 8/15/51, 144A (IF), (6)
|
8/22 at 100.00
|
AA–
|
609,877
|
|
1,285
|
7.162%, 8/15/51, 144A (IF), (6)
|
8/22 at 100.00
|
AA–
|
1,492,746
|
|
1,500
|
California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center,
|
7/27 at 100.00
|
BBB–
|
1,688,040
|
|
|
Refunding Series 2017A, 5.000%, 7/01/42
|
|
|
|
|
2,330
|
California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series
|
7/20 at 100.00
|
Baa2 (4)
|
2,443,215
|
|
|
2010A, 5.750%, 7/01/40 (Pre-refunded 7/01/20)
|
|
|
|
|
965
|
California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series
|
10/26 at 100.00
|
BBB–
|
1,063,662
|
|
|
2017, 5.000%, 10/15/47
|
|
|
|
|
2,930
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects,
|
11/23 at 100.00
|
A+
|
3,250,571
|
|
|
Series 2013I, 5.000%, 11/01/38
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
|
California State, Economic Recovery Revenue Bonds, Refunding Series 2009A:
|
|
|
|
|
$ 1,460
|
5.250%, 7/01/21 (Pre-refunded 7/01/19)
|
7/19 at 100.00
|
AA+ (4)
|
$ 1,469,183
|
|
2,540
|
5.250%, 7/01/21 (Pre-refunded 7/01/19)
|
7/19 at 100.00
|
AA+ (4)
|
2,555,977
|
|
5,000
|
California State, General Obligation Bonds, Refunding Various Purpose Series 2017,
|
8/26 at 100.00
|
AA–
|
5,433,000
|
|
|
4.000%, 8/01/36
|
|
|
|
|
5
|
California State, General Obligation Bonds, Series 2004, 5.000%, 4/01/31 –
|
6/19 at 100.00
|
AA–
|
5,013
|
|
|
AMBAC Insured
|
|
|
|
|
20,000
|
California State, General Obligation Bonds, Various Purpose Series 2009,
|
11/19 at 100.00
|
AA–
|
20,444,200
|
|
|
6.000%, 11/01/39
|
|
|
|
|
|
California State, General Obligation Bonds, Various Purpose Series 2010:
|
|
|
|
|
7,000
|
5.250%, 3/01/30
|
3/20 at 100.00
|
AA–
|
7,209,790
|
|
4,250
|
5.250%, 11/01/40
|
11/20 at 100.00
|
AA–
|
4,452,895
|
|
10,000
|
California State, General Obligation Bonds, Various Purpose Series 2011,
|
10/21 at 100.00
|
AA–
|
10,750,900
|
|
|
5.000%, 10/01/41
|
|
|
|
|
9,130
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma
|
6/28 at 100.00
|
BB–
|
10,381,906
|
|
|
Linda University Medical Center, Series 2018A, 5.500%, 12/01/58, 144A
|
|
|
|
|
10,000
|
California Statewide Communities Development Authority, Revenue Bonds, Sutter Health,
|
8/20 at 100.00
|
A+ (4)
|
10,574,800
|
|
|
Series 2011A, 6.000%, 8/15/42 (Pre-refunded 8/15/20)
|
|
|
|
|
3,000
|
California Statewide Community Development Authority, Health Facility Revenue Bonds,
|
6/19 at 100.00
|
A3
|
3,011,100
|
|
|
Catholic Healthcare West, Series 2008C, 5.625%, 7/01/35
|
|
|
|
|
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of
|
|
|
|
|
|
Charity Health System, Series 2005A:
|
|
|
|
|
3,895
|
5.750%, 7/01/30
|
6/19 at 100.00
|
CC
|
3,812,893
|
|
5,000
|
5.750%, 7/01/35
|
6/19 at 100.00
|
CC
|
4,906,250
|
|
6,000
|
5.500%, 7/01/39
|
6/19 at 100.00
|
CC
|
5,897,880
|
|
10,445
|
Castaic Lake Water Agency, California, Certificates of Participation, Water System
|
No Opt. Call
|
AA
|
8,173,839
|
|
|
Improvement Project, Series 1999a, 0.000%, 8/01/29 – AMBAC Insured
|
|
|
|
|
4,775
|
Clovis Unified School District, Fresno County, California, General Obligation Bonds,
|
No Opt. Call
|
Baa2 (4)
|
4,253,474
|
|
|
Series 2001A, 0.000%, 8/01/25 – FGIC Insured (ETM)
|
|
|
|
|
3,330
|
Contra Costa Community College District, Contra Costa County, California, General
|
8/23 at 100.00
|
AA+
|
3,744,951
|
|
|
Obligation Bonds, Election of 2006, Series 2013, 5.000%, 8/01/38
|
|
|
|
|
7,775
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
No Opt. Call
|
BBB–
|
4,827,031
|
|
|
Refunding Senior Lien Series 2015A, 0.000%, 1/15/34 – AGM Insured
|
|
|
|
|
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
|
|
|
|
|
Refunding Series 2013A:
|
|
|
|
|
910
|
6.850%, 1/15/42, (5)
|
1/31 at 100.00
|
Baa3
|
889,125
|
|
3,350
|
5.750%, 1/15/46
|
1/24 at 100.00
|
Baa3
|
3,855,816
|
|
8,350
|
6.000%, 1/15/49
|
1/24 at 100.00
|
Baa3
|
9,776,013
|
|
30,000
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
No Opt. Call
|
AA+ (4)
|
29,248,800
|
|
|
Series 1995A, 0.000%, 1/01/21 (ETM)
|
|
|
|
|
3,120
|
Fullerton Public Financing Authority, California, Tax Allocation Revenue Bonds, Series
|
9/19 at 100.00
|
A
|
3,155,568
|
|
|
2005, 5.000%, 9/01/27 – AMBAC Insured
|
|
|
|
|
10,000
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement
|
6/22 at 100.00
|
B3
|
10,180,400
|
|
|
Asset-Backed Bonds, Senior Convertible Series 2007A-2, 5.300%, 6/01/37
|
|
|
|
|
8,150
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement
|
6/22 at 100.00
|
N/R
|
8,000,040
|
|
|
Asset-Backed Bonds, Series 2018A-1, 5.000%, 6/01/47
|
|
|
|
|
10,170
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement
|
6/22 at 100.00
|
N/R
|
9,982,872
|
|
|
Asset-Backed Bonds, Series 2018A-2, 5.000%, 6/01/47
|
|
|
|
|
3,850
|
Grossmont Healthcare District, California, General Obligation Bonds, Series 2011B,
|
7/21 at 100.00
|
Aaa
|
4,244,933
|
|
|
6.125%, 7/15/40 (Pre-refunded 7/15/21)
|
|
|
|
|
5,000
|
Huntington Beach Union High School District, Orange County, California, General
|
No Opt. Call
|
AA–
|
3,434,900
|
|
|
Obligation Bonds, Series 2007, 0.000%, 8/01/32 – FGIC Insured
|
|
|
|
|
3,040
|
Kern Community College District, California, General Obligation Bonds, Safety, Repair &
|
No Opt. Call
|
AA
|
2,797,560
|
|
|
Improvement, Election 2002 Series 2006, 0.000%, 11/01/23 – AGM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 1,500
|
Lincoln Unified School District, Placer County, California, Community Facilities
|
No Opt. Call
|
N/R
|
$ 1,166,490
|
|
|
District 1, Special Tax Bonds, Series 2005, 0.000%, 9/01/26 – AMBAC Insured
|
|
|
|
|
195
|
Los Angeles Department of Water and Power, California, Electric Plant Revenue Bonds,
|
6/19 at 100.00
|
N/R (4)
|
195,489
|
|
|
Second Series 1993, 4.750%, 10/15/20 (ETM)
|
|
|
|
|
995
|
Los Angeles Department of Water and Power, California, Electric Plant Revenue Bonds,
|
6/19 at 100.00
|
N/R (4)
|
998,244
|
|
|
Series 1994, 5.375%, 2/15/34 (ETM)
|
|
|
|
|
10,000
|
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series
|
1/21 at 100.00
|
Aa2
|
10,533,600
|
|
|
2011A, 5.000%, 7/01/41
|
|
|
|
|
2,490
|
Madera Unified School District, Madera County, California, General Obligation Bonds,
|
No Opt. Call
|
Baa2
|
2,043,643
|
|
|
Election 2002 Series 2005, 0.000%, 8/01/27 – NPFG Insured
|
|
|
|
|
10,335
|
Mount San Antonio Community College District, Los Angeles County, California, General
|
8/35 at 100.00
|
AA
|
9,391,828
|
|
|
Obligation Bonds, Election of 2008, Series 2013A, 6.250%, 8/01/43, (5)
|
|
|
|
|
5,500
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts,
|
No Opt. Call
|
BBB+
|
8,115,965
|
|
|
Series 2009B, 6.500%, 11/01/39
|
|
|
|
|
555
|
Mt Diablo Hospital District, California, Insured Hospital Revenue Bonds, Series 1993A,
|
No Opt. Call
|
N/R (4)
|
601,592
|
|
|
5.125%, 12/01/23 – AMBAC Insured (ETM)
|
|
|
|
|
14,100
|
New Haven Unified School District, California, General Obligation Bonds, Refunding
|
No Opt. Call
|
Aa3
|
8,687,715
|
|
|
Series 2009, 0.000%, 8/01/34 – AGC Insured
|
|
|
|
|
3,515
|
Newport Beach, California, Revenue Bonds, Hoag Memorial Hospital Presbyterian, Series
|
12/21 at 100.00
|
N/R (4)
|
3,908,469
|
|
|
2011A, 5.875%, 12/01/30 (Pre-refunded 12/01/21)
|
|
|
|
|
2,500
|
Norwalk La Mirada Unified School District, Los Angeles County, California, General
|
No Opt. Call
|
Aa3
|
1,928,875
|
|
|
Obligation Bonds, Election of 2002 Series 2005B, 0.000%, 8/01/29
|
|
|
|
|
4,460
|
Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue
|
No Opt. Call
|
Baa2
|
5,047,382
|
|
|
Bonds, Redevelopment Project 1, Refunding Series 1995, 7.400%, 8/01/25 – NPFG Insured
|
|
|
|
|
|
Orange County Water District, California, Revenue Certificates of Participation,
|
|
|
|
|
|
Series 2003B:
|
|
|
|
|
1,490
|
5.000%, 8/15/34 – NPFG Insured (ETM)
|
No Opt. Call
|
Aa1 (4)
|
1,928,075
|
|
1,745
|
5.000%, 8/15/34 (Pre-refunded 8/15/32) – NPFG Insured
|
8/32 at 100.00
|
AAA (4)
|
2,317,046
|
|
1,000
|
Pajaro Valley Unified School District, Santa Cruz County, California, General Obligation
|
No Opt. Call
|
AA
|
775,470
|
|
|
Bonds, Series 2005B, 0.000%, 8/01/29 – AGM Insured
|
|
|
|
|
5,000
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series
|
11/20 at 100.00
|
Ba1 (4)
|
5,330,350
|
|
|
2010, 6.000%, 11/01/30 (Pre-refunded 11/01/20)
|
|
|
|
|
2,000
|
Palomar Pomerado Health, California, General Obligation Bonds, Capital Appreciation,
|
No Opt. Call
|
BB+
|
1,765,760
|
|
|
Election of 2004, Series 2007A, 0.000%, 8/01/24 – NPFG Insured
|
|
|
|
|
9,320
|
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 0.000%,
|
No Opt. Call
|
BB+
|
5,947,465
|
|
|
8/01/33 – AGC Insured
|
|
|
|
|
4,060
|
Pomona, California, GNMA/FHLMC Collateralized Single Family Mortgage Revenue Refunding
|
No Opt. Call
|
AA+ (4)
|
4,576,107
|
|
|
Bonds, Series 1990B, 7.500%, 8/01/23 (ETM)
|
|
|
|
|
1,800
|
Rialto Unified School District, San Bernardino County, California, General Obligation
|
No Opt. Call
|
A1
|
1,443,528
|
|
|
Bonds, Series 2011A, 0.000%, 8/01/28
|
|
|
|
|
1,000
|
Rim of the World Unified School District, San Bernardino County, California, General
|
8/21 at 100.00
|
A2 (4)
|
1,079,810
|
|
|
Obligation Bonds, Series 2011C, 5.000%, 8/01/38 (Pre-refunded 8/01/21) – AGM Insured
|
|
|
|
|
760
|
Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds,
|
6/23 at 100.00
|
BBB
|
836,426
|
|
|
Series 2013A, 5.750%, 6/01/44
|
|
|
|
|
3,635
|
San Bernardino, California, GNMA Mortgage-Backed Securities Program Single Family
|
No Opt. Call
|
AA+ (4)
|
4,052,298
|
|
|
Mortgage Revenue Refunding Bonds, Series 1990A, 7.500%, 5/01/23 (ETM)
|
|
|
|
|
2,250
|
San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series
|
12/21 at 100.00
|
BB
|
2,498,377
|
|
|
2011, 7.500%, 12/01/41
|
|
|
|
|
1,830
|
San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds,
|
8/19 at 100.00
|
N/R (4)
|
1,903,017
|
|
|
Tender Option Bond Trust 2015-XF0098, 13.375%, 8/01/39, 144A (Pre-refunded 8/01/19) (IF)
|
|
|
|
|
4,000
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco
|
5/23 at 100.00
|
A+
|
4,401,840
|
|
|
International Airport, Governmental Purpose, Second Series 2013B, 5.000%, 5/01/43
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road
|
|
|
|
|
|
Revenue Bonds, Refunding Senior Lien Series 2014A:
|
|
|
|
|
$ 10,595
|
5.000%, 1/15/44
|
1/25 at 100.00
|
BBB
|
$ 11,819,358
|
|
32,725
|
5.000%, 1/15/50
|
1/25 at 100.00
|
BBB
|
36,207,267
|
|
7,210
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road
|
No Opt. Call
|
Baa2
|
6,586,191
|
|
|
Revenue Bonds, Refunding Series 1997A, 0.000%, 1/15/23 – NPFG Insured
|
|
|
|
|
2,965
|
San Juan Unified School District, Sacramento County, California, General Obligation
|
No Opt. Call
|
A+
|
2,404,022
|
|
|
Bonds, Series 2004A, 0.000%, 8/01/28 – NPFG Insured
|
|
|
|
|
4,455
|
San Mateo County Community College District, California, General Obligation Bonds,
|
No Opt. Call
|
AAA
|
4,290,967
|
|
|
Series 2006A, 0.000%, 9/01/21 – NPFG Insured
|
|
|
|
|
4,005
|
San Mateo Union High School District, San Mateo County, California, General Obligation
|
No Opt. Call
|
AA+
|
3,437,852
|
|
|
Bonds, Election of 2000, Series 2002B, 0.000%, 9/01/26 – FGIC Insured
|
|
|
|
|
15,750
|
San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997
|
No Opt. Call
|
AA
|
7,345,170
|
|
|
Election Series 2012G, 0.000%, 8/01/39 – AGM Insured
|
|
|
|
|
|
San Ysidro School District, San Diego County, California, General Obligation Bonds,
|
|
|
|
|
|
Refunding Series 2015:
|
|
|
|
|
5,000
|
0.000%, 8/01/46
|
8/25 at 32.80
|
A1
|
1,336,800
|
|
6,570
|
0.000%, 8/01/47
|
8/25 at 30.90
|
A1
|
1,652,027
|
|
1,840
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed
|
5/19 at 100.00
|
BB+
|
1,851,077
|
|
|
Bonds, Series 2005A-1, 4.750%, 6/01/23
|
|
|
|
|
2,630
|
Union Elementary School District, Santa Clara County, California, General Obligation
|
No Opt. Call
|
Baa2
|
2,324,526
|
|
|
Bonds, Series 2001B, 0.000%, 9/01/25 – FGIC Insured
|
|
|
|
|
3,900
|
West Hills Community College District, California, General Obligation Bonds, School
|
8/21 at 100.00
|
A2 (4)
|
4,339,335
|
|
|
Facilities Improvement District 3, 2008 Election Series 2011, 6.500%, 8/01/41 (Pre-refunded
|
|
|
|
|
|
8/01/21) – AGM Insured
|
|
|
|
|
529,845
|
Total California
|
|
|
498,892,284
|
|
|
Colorado – 10.2% (6.5% of Total Investments)
|
|
|
|
|
500
|
Blue Lake Metropolitan District No 2 , Lochbuie, Colorado, Limited Tax General
|
12/21 at 103.00
|
N/R
|
509,275
|
|
|
Obligation Bonds, Series 2016A, 5.750%, 12/01/46
|
|
|
|
|
|
Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding &
|
|
|
|
|
|
Improvement Series 2017:
|
|
|
|
|
1,575
|
5.000%, 12/01/37, 144A
|
12/22 at 103.00
|
N/R
|
1,644,899
|
|
3,620
|
5.000%, 12/01/47, 144A
|
12/22 at 103.00
|
N/R
|
3,730,301
|
|
1,060
|
Centerra Metropolitan District No 1, In the City of Loveland, Larimer County, Colorado,
|
12/23 at 103.00
|
N/R
|
1,099,517
|
|
|
Special Revenue Improvement Bonds, Series 2018, 5.250%, 12/01/48
|
|
|
|
|
1,250
|
Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds,
|
12/23 at 100.00
|
BBB–
|
1,405,588
|
|
|
Refunding Series 2013A, 5.375%, 12/01/33
|
|
|
|
|
115
|
Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds,
|
12/23 at 100.00
|
BB
|
121,591
|
|
|
Refunding Series 2014, 5.000%, 12/01/43
|
|
|
|
|
1,700
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
|
7/24 at 100.00
|
BB
|
1,767,745
|
|
|
Skyview Academy Project, Series 2014, 5.375%, 7/01/44, 144A
|
|
|
|
|
|
Colorado Health Facilities Authority, Colorado, Health Facilities Revenue Bonds, The
|
|
|
|
|
|
Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2017:
|
|
|
|
|
2,005
|
5.000%, 6/01/34
|
6/27 at 100.00
|
BBB
|
2,280,788
|
|
4,615
|
5.000%, 6/01/35
|
6/27 at 100.00
|
BBB
|
5,232,395
|
|
7,205
|
5.000%, 6/01/36
|
6/27 at 100.00
|
BBB
|
8,144,532
|
|
8,715
|
5.000%, 6/01/37
|
6/27 at 100.00
|
BBB
|
9,819,190
|
|
4,105
|
5.000%, 6/01/42
|
6/27 at 100.00
|
BBB
|
4,572,108
|
|
8,545
|
5.000%, 6/01/47
|
6/27 at 100.00
|
BBB
|
9,485,890
|
|
6,350
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health
|
6/19 at 100.00
|
BBB+
|
6,360,350
|
|
|
Initiatives, Series 2006A, 4.500%, 9/01/38
|
|
|
|
|
2,295
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health
|
2/21 at 100.00
|
BBB+
|
2,375,509
|
|
|
Initiatives, Series 2011A, 5.000%, 2/01/41
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Colorado (continued)
|
|
|
|
|
$ 5,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health
|
1/23 at 100.00
|
BBB+
|
$ 5,376,350
|
|
|
Initiatives, Series 2013A, 5.250%, 1/01/45
|
|
|
|
|
5,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Children’s Hospital
|
12/23 at 100.00
|
A+
|
5,506,050
|
|
|
Colorado Project, Series 2013A, 5.000%, 12/01/36
|
|
|
|
|
750
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living
|
6/19 at 100.00
|
N/R
|
751,103
|
|
|
Communities Project, Series 2012, 5.125%, 1/01/37
|
|
|
|
|
3,050
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living
|
1/24 at 102.00
|
N/R
|
3,265,605
|
|
|
Neighborhoods Project, Refunding Series 2016, 5.000%, 1/01/37
|
|
|
|
|
2,375
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good
|
6/22 at 100.00
|
BBB
|
2,504,889
|
|
|
Samaritan Society Project, Refunding Series 2012, 5.000%, 12/01/42
|
|
|
|
|
1,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good
|
6/23 at 100.00
|
BBB
|
1,102,600
|
|
|
Samaritan Society Project, Series 2013, 5.625%, 6/01/43
|
|
|
|
|
750
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project,
|
5/27 at 100.00
|
BB+
|
834,570
|
|
|
Refunding & Improvement Series 2017A, 5.250%, 5/15/37
|
|
|
|
|
1,500
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center,
|
9/25 at 100.00
|
A3
|
1,577,475
|
|
|
Refunding Series 2015B, 4.000%, 9/01/34
|
|
|
|
|
25,750
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of
|
1/20 at 100.00
|
AA–
|
26,223,542
|
|
|
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
|
|
|
|
|
4,145
|
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds,
|
12/24 at 100.00
|
BBB
|
4,490,527
|
|
|
Senior Lien Series 2017, 5.000%, 12/31/51
|
|
|
|
|
|
Colorado International Center Metropolitan District 14, Denver, Colorado, Limited Tax
|
|
|
|
|
|
General Obligation Bonds, Refunding & Improvement Series 2018:
|
|
|
|
|
1,895
|
5.625%, 12/01/32
|
12/23 at 103.00
|
N/R
|
2,040,138
|
|
2,660
|
5.875%, 12/01/46
|
12/23 at 103.00
|
N/R
|
2,873,704
|
|
|
Colorado School of Mines Board of Trustees, Golden, Colorado, Institutional Enterprise
|
|
|
|
|
|
Revenue Bonds, Series 2017B:
|
|
|
|
|
2,000
|
5.000%, 12/01/42
|
12/27 at 100.00
|
A+
|
2,311,500
|
|
1,225
|
5.000%, 12/01/47
|
12/27 at 100.00
|
A+
|
1,410,600
|
|
1,500
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
3/27 at 100.00
|
A+
|
1,725,465
|
|
|
Revenue Bonds, Refunding Series 2016B, 5.000%, 3/01/41
|
|
|
|
|
2,000
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
9/27 at 100.00
|
AA
|
2,133,940
|
|
|
Revenue Bonds, Refunding Series 2017A, 4.000%, 3/01/40
|
|
|
|
|
4,000
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
3/28 at 100.00
|
AA
|
4,267,960
|
|
|
Revenue Bonds, Refunding Series 2017E, 4.000%, 3/01/43
|
|
|
|
|
5,000
|
Colorado State, Certificates of Participation, Rural Series 2018A, 4.000%, 12/15/35
|
12/28 at 100.00
|
AA–
|
5,450,800
|
|
|
Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2016:
|
|
|
|
|
7,115
|
5.000%, 8/01/41
|
8/26 at 100.00
|
A2
|
8,108,396
|
|
1,000
|
5.000%, 8/01/46
|
8/26 at 100.00
|
A2
|
1,139,430
|
|
11,140
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B,
|
11/22 at 100.00
|
A+
|
12,133,131
|
|
|
5.000%, 11/15/37
|
|
|
|
|
12,900
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series
|
11/23 at 100.00
|
A
|
14,258,499
|
|
|
2013B, 5.000%, 11/15/43
|
|
|
|
|
2,500
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series
|
12/28 at 100.00
|
A
|
2,959,600
|
|
|
2018B, 5.000%, 12/01/48
|
|
|
|
|
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center
|
|
|
|
|
|
Hotel, Refunding Senior Lien Series 2016:
|
|
|
|
|
5,300
|
5.000%, 12/01/33
|
12/26 at 100.00
|
BBB–
|
6,039,562
|
|
2,400
|
5.000%, 12/01/36
|
12/26 at 100.00
|
Baa2
|
2,718,504
|
|
1,800
|
5.000%, 12/01/40
|
12/26 at 100.00
|
BBB–
|
2,016,522
|
|
365
|
Denver Urban Renewal Authority, Colorado, Tax Increment Revenue Bonds, 9th and Colorado
|
12/23 at 103.00
|
N/R
|
377,662
|
|
|
Urban Redevelopment Area, Series 2018A, 5.250%, 12/01/39, 144A
|
|
|
|
|
13,920
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%,
|
No Opt. Call
|
BBB+
|
13,244,323
|
|
|
9/01/21 – NPFG Insured
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Colorado (continued)
|
|
|
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:
|
|
|
|
|
$ 6,200
|
0.000%, 9/01/22 – NPFG Insured
|
No Opt. Call
|
BBB+
|
$ 5,761,350
|
|
45,540
|
0.000%, 9/01/30 – NPFG Insured
|
No Opt. Call
|
BBB+
|
32,260,991
|
|
16,635
|
0.000%, 9/01/32 – NPFG Insured
|
No Opt. Call
|
BBB+
|
10,755,858
|
|
49,251
|
0.000%, 9/01/33 – NPFG Insured
|
No Opt. Call
|
BBB+
|
30,501,017
|
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A:
|
|
|
|
|
9,310
|
0.000%, 9/01/28 – NPFG Insured
|
No Opt. Call
|
BBB+
|
7,190,485
|
|
2,900
|
0.000%, 9/01/34 – NPFG Insured
|
No Opt. Call
|
BBB+
|
1,720,512
|
|
18,500
|
0.000%, 3/01/36 – NPFG Insured
|
No Opt. Call
|
BBB+
|
10,236,975
|
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B:
|
|
|
|
|
3,800
|
0.000%, 9/01/27 – NPFG Insured
|
9/20 at 67.94
|
A
|
2,499,108
|
|
13,300
|
0.000%, 9/01/31 – NPFG Insured
|
9/20 at 53.77
|
BBB+
|
6,885,011
|
|
6,250
|
0.000%, 9/01/32 – NPFG Insured
|
9/20 at 50.83
|
BBB+
|
3,055,688
|
|
10,000
|
0.000%, 3/01/36 – NPFG Insured
|
9/20 at 41.72
|
A
|
4,008,100
|
|
1,000
|
Lorson Ranch Metropolitan District 2, El Paso County, Colorado, Limited Tax General
|
12/26 at 100.00
|
BBB+
|
1,124,330
|
|
|
Obligation Bonds, Series 2016, 5.000%, 12/01/36
|
|
|
|
|
1,000
|
Louisville, Boulder County, Colorado, General Obligation Bonds, Limited Tax, Series
|
12/26 at 100.00
|
AA+
|
1,089,740
|
|
|
2017, 4.000%, 12/01/36
|
|
|
|
|
1,085
|
North Range Metropolitan District No 2 , In the City of Commerce City, Adams County,
|
12/22 at 103.00
|
N/R
|
1,119,058
|
|
|
Colorado , Limited Tax General Obligation and Special Revenue and Improvement Bonds,
|
|
|
|
|
|
Refunding Series 2017A, 5.750%, 12/01/47
|
|
|
|
|
1,245
|
Palisade Metropolitan District 2, Broomfield County, Colorado, General Obligation
|
12/21 at 103.00
|
N/R
|
1,230,135
|
|
|
Limited Tax and Revenue Bonds, Series 2016, 4.375%, 12/01/31
|
|
|
|
|
17,735
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported
|
12/25 at 100.00
|
A
|
19,528,718
|
|
|
Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45
|
|
|
|
|
2,640
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported
|
12/20 at 100.00
|
A2 (4)
|
2,825,671
|
|
|
Revenue Refunding Bonds, Series 2011, 6.125%, 12/01/41 (Pre-refunded 12/01/20) – AGM Insured
|
|
|
|
|
|
Rampart Range Metropolitan District 1, Lone Tree, Colorado, Limited Tax Supported and
|
|
|
|
|
|
Special Revenue Bonds, Refunding & Improvement Series 2017:
|
|
|
|
|
8,765
|
5.000%, 12/01/42
|
12/27 at 100.00
|
AA
|
10,130,149
|
|
3,600
|
5.000%, 12/01/47
|
12/27 at 100.00
|
A2
|
4,145,436
|
|
630
|
Regional Transportation District, Colorado, Certificates of Participation, Series 2010A,
|
6/20 at 100.00
|
AA–
|
652,800
|
|
|
5.375%, 6/01/31
|
|
|
|
|
|
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project
|
|
|
|
|
|
Private Activity Bonds, Series 2010:
|
|
|
|
|
15,000
|
6.500%, 1/15/30
|
7/20 at 100.00
|
BBB+
|
15,658,350
|
|
4,150
|
6.000%, 1/15/41
|
7/20 at 100.00
|
Baa3
|
4,307,783
|
|
3,250
|
Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General
|
12/26 at 100.00
|
AA
|
3,636,132
|
|
|
Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Series 2016B, 5.000%, 12/01/46 –
|
|
|
|
|
|
AGM Insured
|
|
|
|
|
4,000
|
University of Colorado Hospital Authority, Colorado, Revenue Bonds, Series 2012A,
|
11/22 at 100.00
|
AA–
|
4,353,760
|
|
|
5.000%, 11/15/42
|
|
|
|
|
14,500
|
University of Colorado, Enterprise System Revenue Bonds, Series 2014A, 5.000%, 6/01/46
|
6/24 at 100.00
|
Aa1 (4)
|
16,857,700
|
|
|
(Pre-refunded 6/01/24)
|
|
|
|
|
2,500
|
Vista Ridge Metropolitan District, In the Town of Erie, Weld County, Colorado, General
|
12/26 at 100.00
|
Baa1
|
2,653,775
|
|
|
Obligation Refunding Bonds, Series 2016A, 4.000%, 12/01/36 – BAM Insured
|
|
|
|
|
2,175
|
Weld County School District RE1, Colorado, General Obligation Bonds, Series 2017,
|
12/26 at 100.00
|
AA
|
2,584,792
|
|
|
5.000%, 12/15/30
|
|
|
|
|
446,656
|
Total Colorado
|
|
|
402,165,549
|
|
|
Connecticut – 0.3% (0.2% of Total Investments)
|
|
|
|
|
1,650
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield
|
7/26 at 100.00
|
A–
|
1,853,940
|
|
|
University, Series 2016Q-1, 5.000%, 7/01/46
|
|
|
|
|
7,165
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac
|
7/25 at 100.00
|
A–
|
7,980,950
|
|
|
University, Refunding Series 2015L, 5.000%, 7/01/45
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Connecticut (continued)
|
|
|
|
|
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart
|
|
|
|
|
|
University, Series 2017I-1:
|
|
|
|
|
$ 500
|
5.000%, 7/01/34
|
7/27 at 100.00
|
A3
|
$ 580,230
|
|
2,425
|
5.000%, 7/01/42
|
7/27 at 100.00
|
A3
|
2,758,826
|
|
11,740
|
Total Connecticut
|
|
|
13,173,946
|
|
|
Delaware – 0.4% (0.3% of Total Investments)
|
|
|
|
|
1,000
|
Delaware Health Facilities Authority, Revenue Bonds, Christiana Care Health Services
|
10/20 at 100.00
|
Aa2
|
1,041,320
|
|
|
Inc., Series 2010A, 5.000%, 10/01/40
|
|
|
|
|
3,350
|
Delaware Health Facilities Authority, Revenue Bonds, Nanticoke Memorial Hospital, Series
|
7/23 at 100.00
|
BBB
|
3,616,995
|
|
|
2013, 5.000%, 7/01/32
|
|
|
|
|
1,000
|
Delaware Health Facilities Authority, Revenue Bonds, Beebe Medical Center Project,
|
12/28 at 100.00
|
BBB
|
1,120,130
|
|
|
Series 2018, 5.000%, 6/01/48
|
|
|
|
|
9,070
|
Delaware Transportation Authority, Revenue Bonds, US 301 Project, Series 2015,
|
6/25 at 100.00
|
A1
|
10,130,102
|
|
|
5.000%, 6/01/55
|
|
|
|
|
14,420
|
Total Delaware
|
|
|
15,908,547
|
|
|
District of Columbia – 1.1% (0.7% of Total Investments)
|
|
|
|
|
1,250
|
District of Columbia Student Dormitory Revenue Bonds, Provident Group – Howard
|
10/22 at 100.00
|
BB+
|
1,267,950
|
|
|
Properties LLC Issue, Series 2013, 5.000%, 10/01/45
|
|
|
|
|
107,001
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed
|
6/19 at 18.94
|
N/R
|
16,515,450
|
|
|
Bonds, Series 2006A, 0.000%, 6/15/46
|
|
|
|
|
|
District of Columbia, Revenue Bonds, Georgetown University, Refunding Series 2017:
|
|
|
|
|
3,500
|
5.000%, 4/01/35
|
4/27 at 100.00
|
A–
|
4,106,200
|
|
3,500
|
5.000%, 4/01/36
|
4/27 at 100.00
|
A–
|
4,094,335
|
|
15,150
|
District of Columbia, Revenue Bonds, Georgetown University, Series 2007A, 5.000%,
|
4/21 at 100.00
|
A– (4)
|
16,116,873
|
|
|
4/01/40 (Pre-refunded 4/01/21) – AMBAC Insured
|
|
|
|
|
130,401
|
Total District of Columbia
|
|
|
42,100,808
|
|
|
Florida – 7.1% (4.5% of Total Investments)
|
|
|
|
|
2,800
|
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter
|
9/23 at 100.00
|
BBB
|
2,926,364
|
|
|
Academy, Inc. Project, Series 2016, 5.000%, 9/01/46
|
|
|
|
|
11,000
|
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%,
|
10/21 at 100.00
|
AA (4)
|
11,895,620
|
|
|
10/01/41 (Pre-refunded 10/01/21) – AGM Insured
|
|
|
|
|
2,830
|
City of Miami Beach, Florida, Stormwater Revenue Bonds, Series 2015, 5.000%, 9/01/41
|
9/25 at 100.00
|
AA–
|
3,189,693
|
|
3,010
|
Cocoa, Florida, Water and Sewer System Revenue Bonds, Refunding Series 2003, 5.500%,
|
No Opt. Call
|
AA
|
3,315,997
|
|
|
10/01/23 – AMBAC Insured
|
|
|
|
|
3,570
|
Collier County Educational Facilities Authority, Florida, Revenue Bonds, Hodges
|
11/23 at 100.00
|
BBB–
|
3,908,615
|
|
|
University, Refunding Series 2013, 6.125%, 11/01/43
|
|
|
|
|
|
Davie, Florida, Educational Facilities Revenue Bonds, Nova Southeastern University
|
|
|
|
|
|
Project, Series 2013A:
|
|
|
|
|
8,555
|
6.000%, 4/01/42
|
4/23 at 100.00
|
Baa1
|
9,606,495
|
|
4,280
|
5.625%, 4/01/43
|
4/23 at 100.00
|
Baa1
|
4,704,961
|
|
|
Florida Municipal Loan Council, Revenue Bonds, Series 2000B:
|
|
|
|
|
1,040
|
0.000%, 11/01/25 – NPFG Insured
|
No Opt. Call
|
Baa2
|
868,358
|
|
1,590
|
0.000%, 11/01/26 – NPFG Insured
|
No Opt. Call
|
Baa2
|
1,286,564
|
|
1,500
|
Florida Water Pollution Control Financing Corporation, Revolving Fund Revenue Bonds,
|
6/19 at 100.00
|
AAA
|
1,504,020
|
|
|
Series 2009A, 5.000%, 1/15/29
|
|
|
|
|
15,000
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International
|
10/28 at 100.00
|
AA–
|
17,759,550
|
|
|
Airport, Series 2018F, 5.000%, 10/01/48 (UB)
|
|
|
|
|
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International
|
|
|
|
|
|
Airport, Subordinate Lien Series 2015B:
|
|
|
|
|
5,730
|
5.000%, 10/01/40
|
10/24 at 100.00
|
A+
|
6,462,580
|
|
12,885
|
5.000%, 10/01/44
|
10/24 at 100.00
|
A+
|
14,497,558
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
$ 400
|
Jacksonville, Florida, Better Jacksonville Sales Tax Revenue Bonds, Refunding Series
|
10/22 at 100.00
|
A2
|
$ 437,560
|
|
|
2012, 5.000%, 10/01/30
|
|
|
|
|
1,530
|
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Refunding
|
11/21 at 100.00
|
A2
|
1,641,843
|
|
|
Series 2011, 5.000%, 11/15/24
|
|
|
|
|
2,500
|
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015,
|
11/24 at 100.00
|
A2
|
2,753,800
|
|
|
5.000%, 11/15/45
|
|
|
|
|
|
Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City
|
|
|
|
|
|
Center/Historic Convention Village, Series 2015A:
|
|
|
|
|
3,810
|
5.000%, 2/01/40 – AGM Insured
|
2/24 at 100.00
|
A1
|
4,290,251
|
|
19,145
|
5.000%, 2/01/44 – AGM Insured
|
2/24 at 100.00
|
A1
|
21,398,366
|
|
|
Miami Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Miami
|
|
|
|
|
|
Jewish Health System Inc. Project, Series 2017:
|
|
|
|
|
205
|
5.000%, 7/01/32
|
7/27 at 100.00
|
BBB
|
227,265
|
|
2,000
|
5.125%, 7/01/38
|
7/27 at 100.00
|
BBB
|
2,201,140
|
|
5,035
|
5.125%, 7/01/46
|
7/27 at 100.00
|
BBB
|
5,501,241
|
|
1,200
|
Miami, Florida, Special Obligation Non-Ad Valorem Revenue Bonds, Refunding Series 2011A,
|
2/21 at 100.00
|
A+ (4)
|
1,291,668
|
|
|
6.000%, 2/01/30 (Pre-refunded 2/01/21) – AGM Insured
|
|
|
|
|
7,390
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University
|
4/25 at 100.00
|
A–
|
8,178,439
|
|
|
of Miami, Series 2015A, 5.000%, 4/01/45
|
|
|
|
|
17,000
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University
|
4/28 at 100.00
|
A–
|
19,457,350
|
|
|
of Miami, Series 2018A, 5.000%, 4/01/53
|
|
|
|
|
10,000
|
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series
|
7/20 at 100.00
|
A
|
10,350,900
|
|
|
2010A, 5.000%, 7/01/35
|
|
|
|
|
1,210
|
Miami-Dade County Industrial Development Authority, Florida, Revenue Bonds, Doral
|
1/28 at 100.00
|
BBB–
|
1,307,357
|
|
|
Academy, Series 2018, 5.000%, 1/15/37
|
|
|
|
|
1,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport,
|
10/24 at 100.00
|
A
|
1,130,020
|
|
|
Refunding Series 2014B, 5.000%, 10/01/37
|
|
|
|
|
5,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series
|
10/19 at 100.00
|
A2 (4)
|
5,080,850
|
|
|
2009A, 5.500%, 10/01/41 (Pre-refunded 10/01/19)
|
|
|
|
|
7,500
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series
|
10/20 at 100.00
|
A2 (4)
|
7,894,125
|
|
|
2010A-1, 5.375%, 10/01/41 (Pre-refunded 10/01/20)
|
|
|
|
|
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport,
|
|
|
|
|
|
Series 2010B:
|
|
|
|
|
3,000
|
5.000%, 10/01/26
|
10/20 at 100.00
|
A
|
3,136,410
|
|
2,500
|
5.000%, 10/01/27
|
10/20 at 100.00
|
A
|
2,611,525
|
|
4,000
|
5.000%, 10/01/35 – AGM Insured
|
10/20 at 100.00
|
AA
|
4,179,000
|
|
1,500
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2016A, 5.000%,
|
10/26 at 100.00
|
A
|
1,727,490
|
|
|
10/01/41
|
|
|
|
|
4,715
|
Miami-Dade County, Florida, Public Facilities Revenue Bonds, Jackson Health System,
|
6/27 at 100.00
|
Aa3
|
5,425,928
|
|
|
Series 2017, 5.000%, 6/01/38
|
|
|
|
|
1,850
|
Miami-Dade County, Florida, Special Obligation Bonds, Refunding Subordinate Series
|
10/22 at 100.00
|
A2
|
2,016,278
|
|
|
2012B, 5.000%, 10/01/37
|
|
|
|
|
|
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Refunding
|
|
|
|
|
|
Series 2012:
|
|
|
|
|
5,500
|
5.000%, 7/01/31
|
7/22 at 100.00
|
A1
|
6,000,885
|
|
3,000
|
5.000%, 7/01/42
|
7/22 at 100.00
|
AA
|
3,244,800
|
|
5,770
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A,
|
10/22 at 100.00
|
AA–
|
6,284,165
|
|
|
5.000%, 10/01/42
|
|
|
|
|
1,665
|
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando
|
10/19 at 100.00
|
A2
|
1,689,359
|
|
|
Health, Inc., Series 2009, 5.125%, 10/01/26
|
|
|
|
|
750
|
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando
|
4/22 at 100.00
|
A+
|
793,658
|
|
|
Health, Inc., Series 2012A, 5.000%, 10/01/42
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
$ 255
|
Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Sinai Residences
|
6/22 at 102.00
|
N/R
|
$ 285,911
|
|
|
of Boca Raton Project, Series 2014A, 7.250%, 6/01/34
|
|
|
|
|
4,000
|
Palm Beach County, Florida, Water and Sewer Revenue Bonds, FPL Reclaimed Water Project,
|
10/19 at 100.00
|
AAA
|
4,059,920
|
|
|
Series 2009, 5.250%, 10/01/33
|
|
|
|
|
1,385
|
Rivercrest Community Development District, Florida, Special Assessment Bonds, Series
|
6/19 at 100.00
|
A3
|
1,386,745
|
|
|
2007, 5.000%, 5/01/30 – RAAI Insured
|
|
|
|
|
880
|
Seminole County, Florida, Water and Sewer Revenue Bonds, Refunding & Improvement Series
|
No Opt. Call
|
Aa2 (4)
|
896,227
|
|
|
1992, 6.000%, 10/01/19 – NPFG Insured (ETM)
|
|
|
|
|
6,625
|
South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015,
|
5/25 at 100.00
|
Aa3
|
7,047,344
|
|
|
4.000%, 5/01/33
|
|
|
|
|
|
South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health
|
|
|
|
|
|
Systems of South Florida Obligated Group, Series 2017:
|
|
|
|
|
4,595
|
5.000%, 8/15/42
|
8/27 at 100.00
|
A1
|
5,275,290
|
|
12,325
|
5.000%, 8/15/47
|
8/27 at 100.00
|
A1
|
14,091,049
|
|
1,200
|
Tamarac, Florida, Utility System Revenue Bonds, Series 2009, 5.000%, 10/01/39
|
10/19 at 100.00
|
AA (4)
|
1,217,196
|
|
|
(Pre-refunded 10/01/19) – AGC Insured
|
|
|
|
|
|
Tampa Sports Authority, Hillsborough County, Florida, Sales Tax Payments Special Purpose
|
|
|
|
|
|
Bonds, Stadium Project, Series 1995:
|
|
|
|
|
415
|
5.750%, 10/01/20 – NPFG Insured
|
No Opt. Call
|
N/R
|
430,118
|
|
2,785
|
5.750%, 10/01/25 – NPFG Insured
|
No Opt. Call
|
N/R
|
3,171,697
|
|
3,300
|
Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A,
|
5/22 at 100.00
|
Aa2
|
3,577,761
|
|
|
5.000%, 11/15/33
|
|
|
|
|
4,000
|
Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2016A,
|
5/26 at 100.00
|
Aa2
|
4,197,560
|
|
|
4.000%, 11/15/46
|
|
|
|
|
9,720
|
Tampa-Hillsborough County Expressway Authority, Florida, Revenue Bonds, Refunding Series
|
7/22 at 100.00
|
A2 (4)
|
10,710,079
|
|
|
2012B, 5.000%, 7/01/42 (Pre-refunded 7/01/22)
|
|
|
|
|
1,500
|
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle
|
10/21 at 100.00
|
A– (4)
|
1,620,300
|
|
|
Aeronautical University, Inc. Project, Refunding Series 2011, 5.000%, 10/15/29 (Pre-refunded
|
|
|
|
|
|
10/15/21) – AGM Insured
|
|
|
|
|
2,000
|
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle
|
4/25 at 100.00
|
A3
|
2,216,860
|
|
|
Aeronautical University, Series 2015B, 5.000%, 10/15/45
|
|
|
|
|
7,400
|
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson
|
6/25 at 100.00
|
A–
|
8,251,148
|
|
|
University Inc. Project, Series 2015, 5.000%, 6/01/45
|
|
|
|
|
255,350
|
Total Florida
|
|
|
280,613,253
|
|
|
Georgia – 3.3% (2.1% of Total Investments)
|
|
|
|
|
6,950
|
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2010A, 5.000%, 1/01/40 –
|
1/20 at 100.00
|
Aa3
|
7,084,343
|
|
|
AGM Insured
|
|
|
|
|
7,230
|
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2012B, 5.000%, 1/01/42
|
1/22 at 100.00
|
AA–
|
7,716,073
|
|
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B:
|
|
|
|
|
1,060
|
5.375%, 11/01/39 – AGM Insured
|
11/19 at 100.00
|
AA–
|
1,078,624
|
|
1,990
|
5.375%, 11/01/39 (Pre-refunded 11/01/19) – AGM Insured
|
11/19 at 100.00
|
AA (4)
|
2,027,452
|
|
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2015:
|
|
|
|
|
3,400
|
5.000%, 11/01/33
|
5/25 at 100.00
|
AA–
|
3,936,452
|
|
2,040
|
5.000%, 11/01/35
|
5/25 at 100.00
|
AA–
|
2,351,549
|
|
5,000
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 1999A, 5.500%, 11/01/22 –
|
No Opt. Call
|
AA–
|
5,481,300
|
|
|
FGIC Insured
|
|
|
|
|
1,535
|
Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Refunding Series
|
8/20 at 100.00
|
AA
|
1,570,366
|
|
|
2007, 4.000%, 8/01/26
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Georgia (continued)
|
|
|
|
|
$ 2,000
|
Cobb County Kennestone Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
4/27 at 100.00
|
A
|
$ 2,278,920
|
|
|
Wellstar Health System, Series 2017A, 5.000%, 4/01/42
|
|
|
|
|
2,000
|
DeKalb County Hospital Authority, Georgia, Anticipation Certificates Revenue Bonds,
|
9/20 at 100.00
|
N/R (4)
|
2,108,540
|
|
|
DeKalb Medical Center, Inc. Project, Series 2010, 6.000%, 9/01/30 (Pre-refunded 9/01/20)
|
|
|
|
|
5,725
|
Fayette County Hospital Authority, Georgia, Revenue Anticipation Certificates, Piedmont
|
7/26 at 100.00
|
AA–
|
6,456,197
|
|
|
Healthcare, Inc. Project, Series 2016A, 5.000%, 7/01/46
|
|
|
|
|
|
Fulton County Development Authority, Georgia, Hospital Revenue Bonds, Wellstar Health
|
|
|
|
|
|
System, Inc. Project, Series 2017A:
|
|
|
|
|
4,330
|
5.000%, 4/01/42
|
4/27 at 100.00
|
A
|
4,933,862
|
|
13,620
|
5.000%, 4/01/47
|
4/27 at 100.00
|
A
|
15,468,915
|
|
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation
|
|
|
|
|
|
Certificates, Northeast Georgia Health Services Inc., Series 2010B:
|
|
|
|
|
2,360
|
5.250%, 2/15/45
|
2/20 at 100.00
|
AA–
|
2,412,911
|
|
7,640
|
5.250%, 2/15/45 (Pre-refunded 2/15/20)
|
2/20 at 100.00
|
N/R (4)
|
7,855,601
|
|
12,590
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation
|
2/25 at 100.00
|
AA–
|
14,529,615
|
|
|
Certificates, Northeast Georgia Health Services Inc., Series 2014A, 5.500%, 8/15/54
|
|
|
|
|
7,500
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation
|
2/27 at 100.00
|
AA–
|
8,810,250
|
|
|
Certificates, Northeast Georgia Health Services Inc., Series 2017B, 5.250%, 2/15/45
|
|
|
|
|
7,905
|
Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project J Bonds, Series
|
7/25 at 100.00
|
Baa3
|
8,193,453
|
|
|
2015A, 5.000%, 7/01/60
|
|
|
|
|
11,000
|
Griffin-Spalding County Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
4/27 at 100.00
|
A
|
11,333,850
|
|
|
Wellstar Health System Inc., Series 2017A, 4.000%, 4/01/42
|
|
|
|
|
1,350
|
Henry County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2005, 5.250%,
|
No Opt. Call
|
AA+
|
1,679,778
|
|
|
2/01/27 – BHAC Insured
|
|
|
|
|
1,860
|
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2019A,
|
5/29 at 100.00
|
A3
|
2,120,177
|
|
|
5.000%, 5/15/43
|
|
|
|
|
8,230
|
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University,
|
10/25 at 100.00
|
Baa1
|
8,955,228
|
|
|
Series 2015, 5.000%, 10/01/40
|
|
|
|
|
2,615
|
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South
|
10/21 at 100.00
|
AA–
|
2,772,397
|
|
|
Georgia Medical Center Project, Series 2011B, 5.000%, 10/01/41
|
|
|
|
|
119,930
|
Total Georgia
|
|
|
131,155,853
|
|
|
Guam – 0.1% (0.1% of Total Investments)
|
|
|
|
|
4,060
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series
|
7/23 at 100.00
|
BBB–
|
4,404,897
|
|
|
2013, 5.500%, 7/01/43
|
|
|
|
|
|
Hawaii – 0.0% (0.0% of Total Investments)
|
|
|
|
|
275
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific
|
7/23 at 100.00
|
BB
|
291,074
|
|
|
University, Series 2013A, 6.875%, 7/01/43
|
|
|
|
|
|
Idaho – 0.1% (0.1% of Total Investments)
|
|
|
|
|
2,110
|
Idaho Health Facilities Authority, Revenue Bonds, Saint Luke’s Health System Project,
|
3/22 at 100.00
|
A–
|
2,216,555
|
|
|
Series 2012A, 5.000%, 3/01/47
|
|
|
|
|
2,615
|
Idaho Housing and Finance Association, GNMA Housing Revenue Refunding Bonds, Wedgewood
|
5/19 at 101.00
|
A1
|
2,649,230
|
|
|
Terrace Project, Series 2002A-1, 7.250%, 3/20/37
|
|
|
|
|
4,725
|
Total Idaho
|
|
|
4,865,785
|
|
|
Illinois – 22.5% (14.2% of Total Investments)
|
|
|
|
|
|
Board of Regents of Illinois State University, Auxiliary Facilities System Revenue
|
|
|
|
|
|
Bonds, Series 2018A:
|
|
|
|
|
1,000
|
5.000%, 4/01/34 – AGM Insured
|
4/28 at 100.00
|
A2
|
1,147,970
|
|
285
|
5.000%, 4/01/37 – AGM Insured
|
4/28 at 100.00
|
A2
|
323,791
|
|
1,370
|
5.000%, 4/01/38 – AGM Insured
|
4/28 at 100.00
|
A2
|
1,553,333
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
|
Bolingbrook, Illinois, General Obligation Bonds, Refunding Series 2002B:
|
|
|
|
|
$ 4,595
|
0.000%, 1/01/32 – FGIC Insured
|
No Opt. Call
|
A2
|
$ 2,958,629
|
|
4,000
|
0.000%, 1/01/34 – FGIC Insured
|
No Opt. Call
|
A2
|
2,331,000
|
|
11,000
|
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds,
|
4/27 at 100.00
|
A
|
12,746,140
|
|
|
Series 2016, 6.000%, 4/01/46
|
|
|
|
|
2,940
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues
|
12/21 at 100.00
|
B2
|
2,998,359
|
|
|
Series 2011A, 5.000%, 12/01/41
|
|
|
|
|
5,000
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/27 at 100.00
|
B+
|
5,381,050
|
|
|
Refunding Series 2017G, 5.000%, 12/01/34
|
|
|
|
|
6,920
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/28 at 100.00
|
B+
|
7,263,578
|
|
|
Refunding Series 2018D, 5.000%, 12/01/46
|
|
|
|
|
11,450
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/25 at 100.00
|
BB–
|
13,405,316
|
|
|
Series 2016A, 7.000%, 12/01/44
|
|
|
|
|
1,785
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/26 at 100.00
|
B+
|
2,053,500
|
|
|
Series 2016B, 6.500%, 12/01/46
|
|
|
|
|
23,535
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/27 at 100.00
|
B+
|
28,531,480
|
|
|
Series 2017A, 7.000%, 12/01/46, 144A
|
|
|
|
|
10,510
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated
|
No Opt. Call
|
B+
|
10,339,318
|
|
|
Tax Revenues, Series 1998B-1, 0.000%, 12/01/19 – FGIC Insured
|
|
|
|
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated
|
|
|
|
|
|
Tax Revenues, Series 1999A:
|
|
|
|
|
19,600
|
0.000%, 12/01/20 – FGIC Insured
|
No Opt. Call
|
B+
|
18,700,752
|
|
1,000
|
5.500%, 12/01/26 – NPFG Insured
|
No Opt. Call
|
B+
|
1,122,840
|
|
3,500
|
Chicago Transit Authority, Illinois, Capital Grant Receipts Revenue Bonds, Federal
|
6/21 at 100.00
|
A2
|
3,713,080
|
|
|
Transit Administration Section 5307 Urbanized Area Formula Funds, Refunding Series 2011,
|
|
|
|
|
|
5.250%, 6/01/26 – AGM Insured
|
|
|
|
|
5,785
|
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011,
|
12/21 at 100.00
|
A3
|
6,091,084
|
|
|
5.250%, 12/01/40
|
|
|
|
|
9,285
|
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2014,
|
12/24 at 100.00
|
AA
|
10,262,803
|
|
|
5.250%, 12/01/49
|
|
|
|
|
13,100
|
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Third
|
1/20 at 100.00
|
A2
|
13,400,121
|
|
|
Lien Refunding Series 2010C, 5.250%, 1/01/35 – AGC Insured
|
|
|
|
|
|
Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999:
|
|
|
|
|
32,170
|
0.000%, 1/01/21 – FGIC Insured
|
No Opt. Call
|
BBB–
|
30,833,980
|
|
32,670
|
0.000%, 1/01/22 – FGIC Insured
|
No Opt. Call
|
BBB–
|
30,402,049
|
|
22,670
|
0.000%, 1/01/25 – FGIC Insured
|
No Opt. Call
|
BBB–
|
18,897,712
|
|
10,565
|
Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A,
|
1/27 at 100.00
|
BBB–
|
12,054,242
|
|
|
6.000%, 1/01/38
|
|
|
|
|
|
Chicago, Illinois, General Obligation Bonds, Series 2019A:
|
|
|
|
|
4,000
|
5.000%, 1/01/44
|
1/29 at 100.00
|
BBB–
|
4,248,560
|
|
3,630
|
5.500%, 1/01/49
|
1/29 at 100.00
|
BBB–
|
4,010,569
|
|
5,540
|
Chicago, Illinois, Motor Fuel Tax Revenue Bonds, Series 2008A, 5.000%, 1/01/38 – AGC
|
6/19 at 100.00
|
AA
|
5,553,296
|
|
|
Insured
|
|
|
|
|
5,000
|
Chicago, Illinois, Sales Tax Revenue Bonds, Series 2011A, 5.000%, 1/01/41
|
1/22 at 100.00
|
N/R (4)
|
5,433,300
|
|
|
(Pre-refunded 1/01/22)
|
|
|
|
|
5,000
|
Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago
|
12/23 at 100.00
|
BBB
|
5,212,300
|
|
|
City Colleges, Series 2013, 5.250%, 12/01/43
|
|
|
|
|
4,500
|
Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago
|
12/27 at 100.00
|
A+
|
5,005,260
|
|
|
City Colleges, Series 2017, 5.000%, 12/01/47
|
|
|
|
|
4,865
|
Cook County Community Consolidated School District 15, Palatine, Illinois, General
|
No Opt. Call
|
Aa2
|
4,708,201
|
|
|
Obligation Bonds, Series 2001, 0.000%, 12/01/20 – FGIC Insured
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
|
Cook County Community High School District 219, Niles Township, Illinois, General
|
|
|
|
|
|
Obligation Capital Appreciation Bonds, Series 2001:
|
|
|
|
|
$ 2,575
|
0.000%, 12/01/20 – NPFG Insured
|
No Opt. Call
|
Baa2
|
$ 2,466,438
|
|
3,615
|
0.000%, 12/01/20 – NPFG Insured (ETM)
|
No Opt. Call
|
N/R (4)
|
3,515,696
|
|
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2010A:
|
|
|
|
|
3,500
|
5.250%, 11/15/22
|
11/20 at 100.00
|
A2
|
3,667,930
|
|
12,425
|
5.250%, 11/15/33
|
11/20 at 100.00
|
AA–
|
12,925,230
|
|
15,285
|
DuPage County Forest Preserve District, Illinois, General Obligation Bonds, Series 2000,
|
No Opt. Call
|
AAA
|
15,147,894
|
|
|
0.000%, 11/01/19
|
|
|
|
|
|
Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural
|
|
|
|
|
|
History, Series 2002RMKT:
|
|
|
|
|
2,750
|
3.900%, 11/01/36
|
11/27 at 102.00
|
A
|
2,865,775
|
|
5,265
|
5.500%, 11/01/36
|
11/23 at 100.00
|
A
|
5,791,816
|
|
5,020
|
Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Series 2012,
|
6/22 at 100.00
|
Aa3
|
5,337,164
|
|
|
5.000%, 6/01/42
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network,
|
|
|
|
|
|
Series 2016C:
|
|
|
|
|
3,500
|
5.000%, 2/15/32
|
2/27 at 100.00
|
Aa2
|
4,114,600
|
|
55
|
4.000%, 2/15/41 (Pre-refunded 2/15/27)
|
2/27 at 100.00
|
N/R (4)
|
62,894
|
|
27,080
|
4.000%, 2/15/41
|
2/27 at 100.00
|
Aa2
|
28,726,735
|
|
1,000
|
5.000%, 2/15/41
|
2/27 at 100.00
|
Aa2
|
1,141,350
|
|
4,200
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012,
|
9/22 at 100.00
|
AA+
|
4,528,902
|
|
|
5.000%, 9/01/38
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A:
|
|
|
|
|
8,750
|
5.000%, 9/01/39
|
9/24 at 100.00
|
AA+
|
9,714,862
|
|
11,030
|
5.000%, 9/01/42
|
9/24 at 100.00
|
AA+
|
12,200,173
|
|
1,500
|
Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009B, 5.500%,
|
11/19 at 100.00
|
N/R (4)
|
1,528,785
|
|
|
11/01/39 (Pre-refunded 11/01/19)
|
|
|
|
|
2,910
|
Illinois Finance Authority, Revenue Bonds, Ingalls Health System, Series 2013,
|
5/22 at 100.00
|
Baa2
|
3,064,055
|
|
|
5.000%, 5/15/43
|
|
|
|
|
16,165
|
Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016,
|
6/26 at 100.00
|
A3
|
17,780,530
|
|
|
5.000%, 12/01/40
|
|
|
|
|
1,100
|
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Healthcare, Tender
|
8/22 at 100.00
|
AA+
|
1,441,209
|
|
|
Option Bond Trust 2015-XF0076, 11.217%, 8/15/43, 144A (IF)
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding
|
|
|
|
|
|
Series 2010A:
|
|
|
|
|
565
|
6.000%, 5/15/39
|
5/20 at 100.00
|
A
|
580,052
|
|
3,460
|
6.000%, 5/15/39 (Pre-refunded 5/15/20)
|
5/20 at 100.00
|
N/R (4)
|
3,612,482
|
|
13,540
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A,
|
11/25 at 100.00
|
A
|
14,802,470
|
|
|
5.000%, 11/15/45
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A:
|
|
|
|
|
85
|
7.750%, 8/15/34 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
86,467
|
|
8,400
|
7.750%, 8/15/34 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
8,544,984
|
|
2,215
|
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series
|
7/23 at 100.00
|
A–
|
2,482,550
|
|
|
2013A, 6.000%, 7/01/43
|
|
|
|
|
4,135
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
|
8/25 at 100.00
|
Baa1
|
4,533,862
|
|
|
Refunding Series 2015C, 5.000%, 8/15/44
|
|
|
|
|
5,000
|
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises,
|
3/27 at 100.00
|
A+
|
5,591,500
|
|
|
Inc., Series 2017A, 5.000%, 3/01/47
|
|
|
|
|
8,040
|
Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Series 2011A, 6.000%,
|
8/21 at 100.00
|
A2
|
8,693,652
|
|
|
8/15/41 – AGM Insured
|
|
|
|
|
1,000
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center,
|
2/21 at 100.00
|
AA– (4)
|
1,066,550
|
|
|
Series 2011C, 5.500%, 8/15/41 (Pre-refunded 2/15/21)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
$ 2,500
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center,
|
2/21 at 100.00
|
AA– (4)
|
$ 2,666,375
|
|
|
Series 2011C, 5.500%, 8/15/41 (Pre-refunded 2/15/21) (UB), (6)
|
|
|
|
|
15,510
|
Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A,
|
10/21 at 100.00
|
AA–
|
16,391,123
|
|
|
5.000%, 10/01/51
|
|
|
|
|
|
Illinois State, General Obligation Bonds, February Series 2014:
|
|
|
|
|
1,600
|
5.250%, 2/01/32
|
2/24 at 100.00
|
BBB–
|
1,699,744
|
|
5,450
|
5.000%, 2/01/39
|
2/24 at 100.00
|
BBB–
|
5,660,152
|
|
1,750
|
Illinois State, General Obligation Bonds, January Series 2016, 5.000%, 1/01/32
|
1/26 at 100.00
|
BBB–
|
1,871,800
|
|
5,420
|
Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/39
|
5/24 at 100.00
|
BBB–
|
5,637,125
|
|
5,000
|
Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/34
|
11/26 at 100.00
|
BBB–
|
5,344,100
|
|
15,000
|
Illinois State, General Obligation Bonds, November Series 2017C, 5.000%, 11/01/29
|
11/27 at 100.00
|
BBB–
|
16,456,050
|
|
3,500
|
Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/25
|
No Opt. Call
|
BBB–
|
3,835,650
|
|
|
Illinois State, General Obligation Bonds, October Series 2016:
|
|
|
|
|
3,510
|
5.000%, 2/01/28
|
2/27 at 100.00
|
BBB–
|
3,865,247
|
|
6,100
|
5.000%, 2/01/29
|
2/27 at 100.00
|
BBB–
|
6,675,718
|
|
10,000
|
Illinois State, General Obligation Bonds, Refunding Series 2010, 5.000%, 1/01/21 –
|
1/20 at 100.00
|
BBB
|
10,191,300
|
|
|
AGM Insured
|
|
|
|
|
2,515
|
Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/24
|
8/22 at 100.00
|
BBB–
|
2,661,574
|
|
|
Illinois State, General Obligation Bonds, Series 2012A:
|
|
|
|
|
2,500
|
5.000%, 3/01/25
|
3/22 at 100.00
|
BBB–
|
2,617,700
|
|
4,500
|
5.000%, 3/01/27
|
3/22 at 100.00
|
BBB–
|
4,700,475
|
|
2,035
|
Illinois State, General Obligation Bonds, Series 2013, 5.500%, 7/01/38
|
7/23 at 100.00
|
BBB–
|
2,152,765
|
|
5,030
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A,
|
1/23 at 100.00
|
AA–
|
5,478,777
|
|
|
5.000%, 1/01/38
|
|
|
|
|
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2014B:
|
|
|
|
|
8,000
|
5.000%, 1/01/38
|
1/24 at 100.00
|
AA–
|
8,905,360
|
|
6,500
|
5.000%, 1/01/39
|
1/24 at 100.00
|
AA–
|
7,231,055
|
|
10,040
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A,
|
7/25 at 100.00
|
AA–
|
11,344,899
|
|
|
5.000%, 1/01/40
|
|
|
|
|
8,890
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015B,
|
1/26 at 100.00
|
AA–
|
10,078,860
|
|
|
5.000%, 1/01/40
|
|
|
|
|
10,000
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2017A,
|
1/28 at 100.00
|
AA–
|
11,655,500
|
|
|
5.000%, 1/01/42
|
|
|
|
|
1,115
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust
|
1/23 at 100.00
|
A1
|
1,513,222
|
|
|
2015-XF0051, 11.222%, 1/01/38, 144A (IF)
|
|
|
|
|
11,050
|
Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2001, 6.000%,
|
No Opt. Call
|
BBB–
|
12,820,210
|
|
|
11/01/26 – FGIC Insured
|
|
|
|
|
|
Lake County Community Unit School District 60, Waukegan, Illinois, General Obligation
|
|
|
|
|
|
Refunding Bonds, Series 2001B:
|
|
|
|
|
3,230
|
0.000%, 11/01/19 – AGM Insured
|
No Opt. Call
|
A2
|
3,195,988
|
|
1,740
|
0.000%, 11/01/21 – AGM Insured
|
No Opt. Call
|
A2
|
1,641,881
|
|
4,020
|
Lake, Cook, Kane and McHenry Counties Community Unit School District 220, Barrington,
|
No Opt. Call
|
A2
|
4,237,683
|
|
|
Illinois, General Obligation Bonds, Refunding Series 2002, 5.250%, 12/01/20 – AGM Insured (UB)
|
|
|
|
|
5,000
|
Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Alternate
|
1/21 at 100.00
|
A2
|
5,235,600
|
|
|
Revenue Source Series 2011A, 5.250%, 1/01/39 – AGM Insured
|
|
|
|
|
17,945
|
McHenry and Kane Counties Community Consolidated School District 158, Huntley, Illinois,
|
No Opt. Call
|
Baa2
|
16,822,720
|
|
|
General Obligation Bonds, Series 2003, 0.000%, 1/01/22 – FGIC Insured
|
|
|
|
|
2,910
|
McHenry County Community High School District 154, Marengo, Illinois, Capital
|
No Opt. Call
|
Aa2
|
2,808,936
|
|
|
Appreciation School Bonds, Series 2001, 0.000%, 1/01/21 – FGIC Insured
|
|
|
|
|
5,000
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
6/22 at 100.00
|
BBB–
|
5,158,000
|
|
|
Bonds, Refunding Series 2012B, 5.000%, 6/15/52 (UB), (6)
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
$ 5,000
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
12/25 at 100.00
|
BBB–
|
$ 5,446,850
|
|
|
Bonds, Series 2015A, 5.500%, 6/15/53
|
|
|
|
|
2,030
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
12/27 at 100.00
|
BBB–
|
2,175,145
|
|
|
Bonds, Series 2017A, 5.000%, 6/15/57
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
|
|
|
|
|
Refunding Bonds, Series 2010A:
|
|
|
|
|
3,790
|
5.500%, 6/15/50 (Pre-refunded 6/15/20)
|
6/20 at 100.00
|
BBB– (4)
|
3,951,113
|
|
11,795
|
5.500%, 6/15/50
|
6/20 at 100.00
|
Ba1
|
11,994,689
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
|
|
|
|
|
Expansion Project, Capital Appreciation Refunding Series 2010B-1:
|
|
|
|
|
33,000
|
0.000%, 6/15/45 – AGM Insured
|
No Opt. Call
|
BBB–
|
11,214,720
|
|
5,355
|
0.000%, 6/15/46 – AGM Insured
|
No Opt. Call
|
BBB–
|
1,742,089
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
|
|
|
|
|
Expansion Project, Refunding Series 1996A:
|
|
|
|
|
16,570
|
0.000%, 12/15/20 – NPFG Insured
|
No Opt. Call
|
BBB–
|
15,925,593
|
|
5,010
|
0.000%, 12/15/21 – NPFG Insured
|
No Opt. Call
|
Baa2
|
4,687,206
|
|
23,920
|
0.000%, 12/15/22 – NPFG Insured
|
No Opt. Call
|
BBB–
|
21,716,490
|
|
13,350
|
0.000%, 12/15/24 – NPFG Insured
|
No Opt. Call
|
BBB–
|
11,356,845
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
|
|
|
|
|
Expansion Project, Refunding Series 1998A:
|
|
|
|
|
4,340
|
5.500%, 12/15/23 – FGIC Insured (Pre-refunded 6/15/22)
|
No Opt. Call
|
BBB– (4)
|
4,681,775
|
|
4,435
|
5.500%, 12/15/23 – FGIC Insured
|
No Opt. Call
|
BBB–
|
4,696,177
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
|
|
|
|
|
Expansion Project, Refunding Series 2010B-2:
|
|
|
|
|
2,330
|
5.000%, 6/15/50
|
6/20 at 100.00
|
BBB
|
2,356,818
|
|
8,000
|
5.250%, 6/15/50
|
6/20 at 100.00
|
BBB
|
8,113,760
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
|
|
|
|
|
Expansion Project, Series 2002A:
|
|
|
|
|
1,420
|
5.700%, 6/15/25 (Pre-refunded 6/15/22)
|
6/22 at 101.00
|
N/R (4)
|
1,606,233
|
|
5,080
|
5.700%, 6/15/25
|
6/22 at 101.00
|
BBB–
|
5,596,788
|
|
8,000
|
5.750%, 6/15/26 – NPFG Insured
|
6/22 at 101.00
|
BBB–
|
8,816,160
|
|
1,115
|
5.750%, 6/15/27
|
6/22 at 101.00
|
BBB–
|
1,225,842
|
|
4,610
|
5.750%, 6/15/27 (Pre-refunded 6/15/22)
|
6/22 at 101.00
|
N/R (4)
|
5,221,563
|
|
195
|
0.000%, 6/15/30 (ETM)
|
No Opt. Call
|
N/R (4)
|
150,885
|
|
3,505
|
0.000%, 6/15/30
|
No Opt. Call
|
BBB
|
2,375,794
|
|
28,000
|
0.000%, 12/15/35 – AGM Insured
|
No Opt. Call
|
BBB–
|
15,379,560
|
|
3,280
|
0.000%, 6/15/37 – NPFG Insured
|
No Opt. Call
|
BBB–
|
1,614,974
|
|
11,715
|
0.000%, 12/15/38 – NPFG Insured
|
No Opt. Call
|
BBB–
|
5,352,935
|
|
9,760
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
No Opt. Call
|
AA+ (4)
|
11,709,658
|
|
|
Hospitality Facility, Series 1996A, 7.000%, 7/01/26 (ETM)
|
|
|
|
|
|
Midlothian, Illinois, General Obligation Bonds, Series 2010A:
|
|
|
|
|
2,685
|
5.000%, 2/01/30 – AGM Insured
|
2/20 at 100.00
|
AA
|
2,700,868
|
|
2,080
|
5.250%, 2/01/34 – AGM Insured
|
2/20 at 100.00
|
AA
|
2,094,539
|
|
17,865
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
No Opt. Call
|
A2
|
20,050,604
|
|
|
Illinois, General Obligation Bonds, Series 1999, 5.750%, 6/01/23 – AGM Insured
|
|
|
|
|
2,300
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
No Opt. Call
|
AA
|
3,048,466
|
|
|
Illinois, General Obligation Bonds, Series 2000A, 6.500%, 7/01/30 – NPFG Insured
|
|
|
|
|
4,125
|
Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Memorial
|
11/23 at 100.00
|
N/R (4)
|
5,164,624
|
|
|
Group, Inc., Series 2013, 7.625%, 11/01/48 (Pre-refunded 11/01/23)
|
|
|
|
|
|
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015:
|
|
|
|
|
2,250
|
5.000%, 3/01/29
|
3/25 at 100.00
|
A3
|
2,557,305
|
|
7,000
|
5.000%, 3/01/31
|
3/25 at 100.00
|
A3
|
7,911,820
|
|
2,685
|
Sterling, Whiteside County, Illinois, General Obligation Bonds, Recovery Zone Facility
|
5/20 at 100.00
|
AA
|
2,770,464
|
|
|
Series 2010A, 5.250%, 5/01/31 – AGM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
$ 2,000
|
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013,
|
10/23 at 100.00
|
Baa1
|
$ 2,279,720
|
|
|
6.250%, 10/01/38
|
|
|
|
|
4,810
|
Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation
|
No Opt. Call
|
A2
|
4,342,757
|
|
|
Bonds, Series 2006, 0.000%, 1/01/23 – AGM Insured
|
|
|
|
|
|
Will County Community Unit School District 201U, Crete-Monee, Illinois, General
|
|
|
|
|
|
Obligation Bonds, Capital Appreciation Series 2004:
|
|
|
|
|
780
|
0.000%, 11/01/22 – NPFG Insured (ETM)
|
No Opt. Call
|
Baa2 (4)
|
728,567
|
|
2,550
|
0.000%, 11/01/22 – NPFG Insured
|
No Opt. Call
|
Baa2
|
2,343,705
|
|
1,895
|
Williamson & Johnson Counties Community Unit School District 2, Marion, Illinois,
|
12/20 at 100.00
|
A2 (4)
|
2,058,292
|
|
|
General Obligation Bonds, Series 2011, 7.250%, 12/01/28 (Pre-refunded 12/01/20) – AGM Insured
|
|
|
|
|
897,425
|
Total Illinois
|
|
|
884,417,202
|
|
|
Indiana – 3.7% (2.3% of Total Investments)
|
|
|
|
|
6,000
|
Indiana Finance Authority, Educational Facilities Revenue Bonds, Valparaiso University
|
10/24 at 100.00
|
A3
|
6,588,300
|
|
|
Project, Series 2014, 5.000%, 10/01/44
|
|
|
|
|
7,910
|
Indiana Finance Authority, Health System Revenue Bonds, Sisters of Saint Francis Health
|
11/19 at 100.00
|
Aa3 (4)
|
8,051,984
|
|
|
Services, Inc. Obligated Group, Series 2009, 5.250%, 11/01/39 (Pre-refunded 11/01/19)
|
|
|
|
|
|
Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project,
|
|
|
|
|
|
Series 2012A:
|
|
|
|
|
5,000
|
4.000%, 5/01/35
|
5/23 at 100.00
|
A
|
5,190,750
|
|
5,420
|
5.000%, 5/01/42
|
5/23 at 100.00
|
A
|
5,869,697
|
|
|
Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation
|
|
|
|
|
|
Group, Refunding 2015A:
|
|
|
|
|
1,875
|
4.000%, 12/01/40
|
6/25 at 100.00
|
AA
|
1,973,194
|
|
3,400
|
5.000%, 12/01/40
|
6/25 at 100.00
|
AA
|
3,799,092
|
|
8,630
|
Indiana Finance Authority, Revenue Bonds, Community Foundation of Northwest Indiana
|
3/22 at 100.00
|
AA–
|
9,186,376
|
|
|
Obligated Group, Series 2012, 5.000%, 3/01/41
|
|
|
|
|
6,290
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series
|
12/19 at 100.00
|
AA– (4)
|
6,421,713
|
|
|
2009A, 5.250%, 12/01/38 (Pre-refunded 12/01/19)
|
|
|
|
|
2,500
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series
|
12/20 at 100.00
|
AA– (4)
|
2,626,075
|
|
|
2010B, 5.000%, 12/01/37 (Pre-refunded 12/01/20)
|
|
|
|
|
10,000
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 2009A,
|
12/19 at 100.00
|
AA– (4)
|
10,209,400
|
|
|
5.250%, 12/01/38 (Pre-refunded 12/01/19) (UB), (6)
|
|
|
|
|
11,000
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project,
|
10/26 at 100.00
|
A
|
12,563,760
|
|
|
First Lien Green Series 2016A, 5.000%, 10/01/46
|
|
|
|
|
5,000
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project,
|
10/21 at 100.00
|
A2
|
5,331,350
|
|
|
Series 2011B, 5.000%, 10/01/41
|
|
|
|
|
5,000
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project,
|
10/22 at 100.00
|
A1
|
5,466,650
|
|
|
Series 2012A, 5.000%, 10/01/37
|
|
|
|
|
13,215
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project,
|
10/24 at 100.00
|
A
|
14,878,504
|
|
|
Series 2014A, 5.000%, 10/01/44
|
|
|
|
|
5,130
|
Indiana Finance Authority, Water Utility Revenue Bonds, Citizens Energy Group Project,
|
10/26 at 100.00
|
A+
|
5,859,281
|
|
|
First Lien Series 2016A, 5.000%, 10/01/46
|
|
|
|
|
4,320
|
Indiana Health Facility Financing Authority, Revenue Bonds, Ancilla Systems Inc.
|
6/19 at 100.00
|
N/R (4)
|
4,331,318
|
|
|
Obligated Group, Series 1997, 5.250%, 7/01/22 – NPFG Insured (ETM)
|
|
|
|
|
14,100
|
Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series
|
7/26 at 100.00
|
A+
|
16,128,567
|
|
|
2016A, 5.000%, 1/01/42
|
|
|
|
|
3,000
|
Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series 2011A, 5.000%,
|
7/21 at 100.00
|
A+ (4)
|
3,219,360
|
|
|
1/01/31 (Pre-refunded 7/01/21)
|
|
|
|
|
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E:
|
|
|
|
|
9,255
|
0.000%, 2/01/25 – AMBAC Insured
|
No Opt. Call
|
AA
|
8,114,414
|
|
9,560
|
0.000%, 2/01/26 – AMBAC Insured
|
No Opt. Call
|
AA–
|
8,147,319
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Indiana (continued)
|
|
|
|
|
$ 1,580
|
Zionsville Community Schools Building Corporation, Indiana, First Mortgage Bonds, Series
|
No Opt. Call
|
A2
|
$ 1,286,610
|
|
|
2005Z, 0.000%, 1/15/28 – AGM Insured
|
|
|
|
|
138,185
|
Total Indiana
|
|
|
145,243,714
|
|
|
Iowa – 2.3% (1.4% of Total Investments)
|
|
|
|
|
4,000
|
Ames, Iowa, Hospital Revenue Bonds, Mary Greeley Medical Center, Series 2011, 5.250%,
|
6/20 at 100.00
|
A2 (4)
|
4,156,720
|
|
|
6/15/36 (Pre-refunded 6/15/20)
|
|
|
|
|
16,130
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer
|
12/23 at 100.00
|
B–
|
17,392,495
|
|
|
Company Project, Series 2013, 5.250%, 12/01/25
|
|
|
|
|
2,310
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer
|
6/19 at 105.00
|
B–
|
2,427,995
|
|
|
Company Project, Series 2016, 5.875%, 12/01/26, 144A
|
|
|
|
|
2,690
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer
|
12/22 at 105.00
|
B+
|
2,884,675
|
|
|
Company Project, Series 2018B, 5.250%, 12/01/50 (Mandatory Put 12/01/22)
|
|
|
|
|
3,085
|
Iowa Finance Authority, Senior Housing Revenue Bonds, Northcrest Inc. Project, Series
|
3/24 at 103.00
|
BB+
|
3,229,193
|
|
|
2018A, 5.000%, 3/01/48
|
|
|
|
|
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:
|
|
|
|
|
13,950
|
5.375%, 6/01/38
|
6/19 at 100.00
|
B2
|
13,811,895
|
|
12,830
|
5.500%, 6/01/42
|
6/19 at 100.00
|
B2
|
12,701,700
|
|
5,675
|
5.625%, 6/01/46
|
6/19 at 100.00
|
B
|
5,615,980
|
|
16,100
|
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,
|
6/19 at 100.00
|
BB–
|
16,011,611
|
|
|
5.600%, 6/01/34
|
|
|
|
|
|
Xenia Rural Water District, Iowa, Water Revenue Bonds, Refunding Capital Loan Note
|
|
|
|
|
|
Series 2016:
|
|
|
|
|
4,700
|
5.000%, 12/01/36
|
12/26 at 100.00
|
BBB+
|
5,224,050
|
|
5,990
|
5.000%, 12/01/41
|
12/26 at 100.00
|
BBB+
|
6,583,669
|
|
87,460
|
Total Iowa
|
|
|
90,039,983
|
|
|
Kansas – 0.4% (0.3% of Total Investments)
|
|
|
|
|
2,000
|
Kansas Development Finance Authority, Health Facilities Revenue Bonds, Stormont-Vail
|
11/22 at 100.00
|
A2
|
2,152,920
|
|
|
Health Care Inc., Series 2013J, 5.000%, 11/15/38
|
|
|
|
|
3,000
|
Kansas Development Finance Authority, Hospital Revenue Bonds, Adventist Health
|
5/22 at 100.00
|
AA
|
3,257,130
|
|
|
System/Sunbelt Obligated Group, Series 2012A, 5.000%, 11/15/28
|
|
|
|
|
3,700
|
Kansas Municipal Energy Agency, Power Project Revenue Bonds, Dogwood Project, Series
|
4/26 at 100.00
|
AA
|
4,156,950
|
|
|
2018A, 5.000%, 4/01/38 – BAM Insured
|
|
|
|
|
5,270
|
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Series 2018A,
|
7/28 at 100.00
|
A
|
6,050,329
|
|
|
5.000%, 7/01/43
|
|
|
|
|
1,820
|
Overland Park Development Corporation, Kansas, First Tier Revenue Bonds, Overland Park
|
6/19 at 100.00
|
Ba3
|
1,822,966
|
|
|
Convention Center, Series 2007A, 5.125%, 1/01/22 – AMBAC Insured
|
|
|
|
|
15,790
|
Total Kansas
|
|
|
17,440,295
|
|
|
Kentucky – 1.0% (0.7% of Total Investments)
|
|
|
|
|
6,010
|
Kentucky Economic Development Finance Authority, Health System Revenue Bonds, Norton
|
No Opt. Call
|
Baa2
|
4,555,640
|
|
|
Healthcare Inc., Series 2000B, 0.000%, 10/01/28 – NPFG Insured
|
|
|
|
|
2,000
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist
|
8/21 at 100.00
|
Baa1
|
2,108,040
|
|
|
Healthcare System Obligated Group, Series 2011, 5.000%, 8/15/42
|
|
|
|
|
1,300
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro
|
6/27 at 100.00
|
BB+
|
1,423,032
|
|
|
Health, Refunding Series 2017A, 5.000%, 6/01/37
|
|
|
|
|
4,525
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro
|
6/20 at 100.00
|
Baa3 (4)
|
4,758,490
|
|
|
Medical Health System, Series 2010A, 6.500%, 3/01/45 (Pre-refunded 6/01/20)
|
|
|
|
|
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
|
|
|
|
|
Downtown Crossing Project, Convertible Capital Appreciation Series 2013C:
|
|
|
|
|
5,000
|
6.750%, 7/01/43, (5)
|
7/31 at 100.00
|
Baa3
|
5,052,400
|
|
8,610
|
6.875%, 7/01/46, (5)
|
7/31 at 100.00
|
Baa3
|
8,716,936
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Kentucky (continued)
|
|
|
|
|
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
|
|
|
|
|
Downtown Crossing Project, Series 2013A:
|
|
|
|
|
$ 2,655
|
5.750%, 7/01/49
|
7/23 at 100.00
|
Baa3
|
$ 2,897,348
|
|
430
|
6.000%, 7/01/53
|
7/23 at 100.00
|
Baa3
|
471,641
|
|
4,630
|
Lexington-Fayette Urban County Government Public Facilities Corporation, Kentucky State
|
6/21 at 100.00
|
A–
|
4,860,065
|
|
|
Lease Revenue Bonds, Eastern State Hospital Project, Series 2011A, 5.250%, 6/01/31
|
|
|
|
|
|
Louisville/Jefferson County Metro Government, Kentucky, Revenue Bonds, Catholic Health
|
|
|
|
|
|
Initiatives, Series 2012A:
|
|
|
|
|
2,980
|
5.000%, 12/01/35
|
6/22 at 100.00
|
BBB+
|
3,175,220
|
|
3,000
|
5.000%, 12/01/35
|
6/22 at 100.00
|
N/R
|
3,302,520
|
|
41,140
|
Total Kentucky
|
|
|
41,321,332
|
|
|
Louisiana – 3.0% (1.9% of Total Investments)
|
|
|
|
|
7,715
|
Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala
|
7/23 at 100.00
|
N/R
|
8,239,929
|
|
|
Warehousing (US) LLC Project, Series 2013, 6.000%, 7/01/36
|
|
|
|
|
4,000
|
Board of Commissioners of the Port of New Orleans, Louisiana, Port Facility Revenue
|
4/28 at 100.00
|
A2
|
4,614,880
|
|
|
Bonds, Refunding Series 2018A, 5.000%, 4/01/48 – AGM Insured
|
|
|
|
|
670
|
Jefferson Parish Hospital District1, Louisiana, Hospital Revenue Bonds, West Jefferson
|
1/21 at 100.00
|
A2 (4)
|
717,047
|
|
|
Medical Center, Refunding Series 2011A, 6.000%, 1/01/39 (Pre-refunded 1/01/21) – AGM Insured
|
|
|
|
|
1,870
|
Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue
|
12/27 at 100.00
|
A2
|
2,189,097
|
|
|
Bonds, Series 2017B, 5.000%, 12/01/42 – AGM Insured
|
|
|
|
|
5,000
|
Lafayette Public Trust Financing Authority, Louisiana, Revenue Bonds, Ragin’ Cajun
|
10/20 at 100.00
|
AA (4)
|
5,271,450
|
|
|
Facilities Inc. Housing & Parking Project, Series 2010, 5.500%, 10/01/41 (Pre-refunded
|
|
|
|
|
|
10/01/20) – AGM Insured
|
|
|
|
|
1,695
|
Louisiana Public Facilities Authority, Lease Revenue Bonds, Provident Group-Flagship
|
7/26 at 100.00
|
A3
|
1,886,060
|
|
|
Properties LLC – Louisiana State University Nicolson Gateway Project, Series 2016A,
|
|
|
|
|
|
5.000%, 7/01/46
|
|
|
|
|
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
|
|
|
|
|
Refunding Series 2016:
|
|
|
|
|
20
|
4.000%, 5/15/35 (Pre-refunded 5/15/26)
|
5/26 at 100.00
|
N/R (4)
|
22,796
|
|
2,345
|
4.000%, 5/15/36
|
5/26 at 100.00
|
A3
|
2,458,357
|
|
20
|
5.000%, 5/15/47 (Pre-refunded 5/15/26)
|
5/26 at 100.00
|
N/R (4)
|
24,109
|
|
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
|
|
|
|
|
Refunding Series 2017:
|
|
|
|
|
4,000
|
5.000%, 5/15/42
|
5/27 at 100.00
|
A3
|
4,510,120
|
|
22,625
|
5.000%, 5/15/46
|
5/27 at 100.00
|
A3
|
25,451,767
|
|
5,750
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/21 at 100.00
|
A3 (4)
|
6,333,510
|
|
|
Series 2011, 6.750%, 5/15/41 (Pre-refunded 5/15/21)
|
|
|
|
|
1,975
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/25 at 100.00
|
A3
|
2,159,643
|
|
|
Series 2015, 5.000%, 5/15/47
|
|
|
|
|
13,590
|
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series
|
7/23 at 100.00
|
A2
|
14,991,537
|
|
|
2013A, 5.000%, 7/01/36
|
|
|
|
|
1,015
|
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Second Lien Series
|
11/27 at 100.00
|
AA–
|
1,190,859
|
|
|
2017C, 5.000%, 5/01/45
|
|
|
|
|
5,000
|
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Second Lien Series 2010B, 5.000%,
|
5/20 at 100.00
|
AA– (4)
|
5,168,000
|
|
|
5/01/45 (Pre-refunded 5/01/20)
|
|
|
|
|
12,000
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal
|
1/25 at 100.00
|
A–
|
13,347,240
|
|
|
Project, Series 2015A, 5.000%, 1/01/45
|
|
|
|
|
5,000
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal
|
1/27 at 100.00
|
A–
|
5,692,350
|
|
|
Project, Series 2017A, 5.000%, 1/01/48
|
|
|
|
|
6,280
|
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014,
|
6/24 at 100.00
|
A–
|
6,755,270
|
|
|
5.000%, 6/01/44
|
|
|
|
|
1,355
|
Shreveport, Louisiana, Water and Sewer Revenue Bonds, Refunding Series 2015,
|
12/25 at 100.00
|
A–
|
1,506,354
|
|
|
5.000%, 12/01/40
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Louisiana (continued)
|
|
|
|
|
$ 5,000
|
St Tammany Parish Hospital District No 1, Louisiana, Hospital Revenue and Revenue
|
7/28 at 100.00
|
A+
|
$ 5,704,100
|
|
|
Refunding Bonds, St Tammany Parish Hospital Project, Series 2018, 5.000%, 7/01/48
|
|
|
|
|
106,925
|
Total Louisiana
|
|
|
118,234,475
|
|
|
Maine – 0.6% (0.4% of Total Investments)
|
|
|
|
|
7,000
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine
|
7/23 at 100.00
|
Ba1
|
7,423,150
|
|
|
Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/43
|
|
|
|
|
6,300
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine
|
7/26 at 100.00
|
Ba1
|
6,860,007
|
|
|
Medical Center Obligated Group Issue, Series 2016A, 5.000%, 7/01/41
|
|
|
|
|
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth
|
|
|
|
|
|
Issue, Series 2018A:
|
|
|
|
|
3,440
|
5.000%, 7/01/43
|
7/28 at 100.00
|
A+
|
3,958,236
|
|
2,935
|
5.000%, 7/01/48
|
7/28 at 100.00
|
A+
|
3,363,363
|
|
1,050
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General
|
7/21 at 100.00
|
Ba3
|
1,134,567
|
|
|
Medical Center, Series 2011, 6.750%, 7/01/41
|
|
|
|
|
20,725
|
Total Maine
|
|
|
22,739,323
|
|
|
Maryland – 1.3% (0.8% of Total Investments)
|
|
|
|
|
|
Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017:
|
|
|
|
|
3,260
|
5.000%, 9/01/35
|
9/27 at 100.00
|
BBB–
|
3,691,591
|
|
1,000
|
5.000%, 9/01/39
|
9/27 at 100.00
|
BBB–
|
1,120,580
|
|
1,645
|
5.000%, 9/01/46
|
9/27 at 100.00
|
BBB–
|
1,815,636
|
|
8,610
|
Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2017A,
|
1/27 at 100.00
|
A+
|
9,913,554
|
|
|
5.000%, 7/01/41
|
|
|
|
|
1,000
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy
|
7/21 at 100.00
|
BBB
|
1,082,400
|
|
|
Medical Center, Series 2011, 6.250%, 7/01/31
|
|
|
|
|
3,500
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University
|
7/22 at 100.00
|
A–
|
3,760,750
|
|
|
of Maryland Medical System Issue, Series 2013A, 5.000%, 7/01/43
|
|
|
|
|
4,000
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University
|
1/28 at 100.00
|
A–
|
4,205,280
|
|
|
of Maryland Medical System Issue, Taxable Series 2017D, 4.000%, 7/01/48
|
|
|
|
|
17,000
|
Maryland Stadium Authority, Lease Revenue Bonds, Baltimore City Public Schools
|
5/28 at 100.00
|
AA–
|
19,856,340
|
|
|
Construction & Revitalization Program, Series 2018A, 5.000%, 5/01/42
|
|
|
|
|
2,000
|
Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Series 2015,
|
6/25 at 100.00
|
AA–
|
2,251,380
|
|
|
5.000%, 12/01/44
|
|
|
|
|
1,150
|
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside
|
11/24 at 103.00
|
BB
|
1,233,007
|
|
|
King Farm Project, Series 2017A-1, 5.000%, 11/01/37
|
|
|
|
|
2,100
|
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Series 2017B,
|
11/24 at 103.00
|
BB
|
2,222,094
|
|
|
5.000%, 11/01/42
|
|
|
|
|
45,265
|
Total Maryland
|
|
|
51,152,612
|
|
|
Massachusetts – 2.7% (1.7% of Total Investments)
|
|
|
|
|
5,500
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds,
|
1/20 at 100.00
|
AA
|
5,616,985
|
|
|
Commonwealth Contract Assistance Secured, Series 2010B, 5.000%, 1/01/35
|
|
|
|
|
14,375
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds,
|
1/20 at 100.00
|
A2
|
14,667,244
|
|
|
Refunding Senior Lien Series 2010B, 5.000%, 1/01/37
|
|
|
|
|
1,250
|
Massachusetts Development Finance Agency, Hospital Revenue Bonds, Cape Cod Healthcare
|
11/23 at 100.00
|
A+
|
1,374,675
|
|
|
Obligated Group, Series 2013, 5.250%, 11/15/41
|
|
|
|
|
930
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue,
|
7/25 at 100.00
|
BBB
|
1,016,016
|
|
|
Green Bonds, Series 2015D, 5.000%, 7/01/44
|
|
|
|
|
11,370
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series
|
10/26 at 100.00
|
A+
|
13,068,223
|
|
|
2016BB-1, 5.000%, 10/01/46
|
|
|
|
|
3,630
|
Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series
|
7/28 at 100.00
|
Baa1
|
4,091,917
|
|
|
2018J-2, 5.000%, 7/01/53
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Massachusetts (continued)
|
|
|
|
|
$ 1,100
|
Massachusetts Development Finance Agency, Revenue Bonds, Dana-Farber Cancer Institute
|
12/26 at 100.00
|
A1
|
$ 1,254,506
|
|
|
Issue, Series 2016N, 5.000%, 12/01/46
|
|
|
|
|
|
Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2015:
|
|
|
|
|
2,070
|
4.500%, 1/01/45
|
1/25 at 100.00
|
Baa2
|
2,170,954
|
|
8,800
|
5.000%, 1/01/45
|
1/25 at 100.00
|
Baa2
|
9,608,896
|
|
2,700
|
Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E,
|
11/23 at 100.00
|
A2
|
2,991,330
|
|
|
5.000%, 11/01/43
|
|
|
|
|
4,000
|
Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System
|
1/28 at 100.00
|
AA–
|
4,332,320
|
|
|
Issue, Series 2017S-1, 4.000%, 7/01/35
|
|
|
|
|
1,725
|
Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A,
|
1/29 at 100.00
|
BBB+
|
1,974,021
|
|
|
5.000%, 7/01/44
|
|
|
|
|
|
Massachusetts Development Finance Agency, Revenue Bonds, Western New England University,
|
|
|
|
|
|
Series 2015:
|
|
|
|
|
1,380
|
5.000%, 9/01/40
|
9/25 at 100.00
|
BBB
|
1,519,256
|
|
1,545
|
5.000%, 9/01/45
|
9/25 at 100.00
|
BBB
|
1,695,112
|
|
3,000
|
Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation,
|
No Opt. Call
|
AA–
|
4,192,410
|
|
|
Series 2002A, 5.750%, 1/01/42 – AMBAC Insured
|
|
|
|
|
4,500
|
Massachusetts Health and Education Facilities Authority, Revenue Bonds, Partners
|
7/19 at 100.00
|
AA– (4)
|
4,525,110
|
|
|
HealthCare System, Series 2010J-1, 5.000%, 7/01/39 (Pre-refunded 7/01/19)
|
|
|
|
|
3,335
|
Massachusetts Health and Education Facilities Authority, Revenue Bonds, Partners
|
7/19 at 100.00
|
Aa3
|
3,390,828
|
|
|
HealthCare System, Tender Option Trust 2015-XF0047, 9.073%, 7/01/34, 144A (IF)
|
|
|
|
|
1,800
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Massachusetts
|
7/20 at 100.00
|
N/R (4)
|
1,875,870
|
|
|
Eye and Ear Infirmary, Series 2010C, 5.375%, 7/01/35 (Pre-refunded 7/01/20)
|
|
|
|
|
900
|
Massachusetts Port Authority, Special Facilities Revenue Bonds, ConRac Project, Series
|
7/21 at 100.00
|
A3
|
955,674
|
|
|
2011A, 5.125%, 7/01/41
|
|
|
|
|
6,840
|
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior
|
5/23 at 100.00
|
Aa2
|
7,519,280
|
|
|
Series 2013A, 5.000%, 5/15/43
|
|
|
|
|
7,500
|
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Tender
|
8/22 at 100.00
|
Aa2
|
9,113,325
|
|
|
Option Bond Trust 2016-XF2223, 7.136%, 8/15/24, 144A (IF)
|
|
|
|
|
8,050
|
Metropolitan Boston Transit Parking Corporation, Massachusetts, Systemwide Parking
|
7/21 at 100.00
|
A+
|
8,505,147
|
|
|
Revenue Bonds, Senior Lien Series 2011, 5.000%, 7/01/41
|
|
|
|
|
500
|
Springfield Water and Sewer Commission, Massachusetts, General Revenue Bonds, Refunding
|
11/20 at 100.00
|
A3 (4)
|
526,080
|
|
|
Series 2010B, 5.000%, 11/15/30 (Pre-refunded 11/15/20) – AGC Insured
|
|
|
|
|
96,800
|
Total Massachusetts
|
|
|
105,985,179
|
|
|
Michigan – 5.6% (3.5% of Total Investments)
|
|
|
|
|
5,335
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
|
7/22 at 100.00
|
A2
|
5,778,392
|
|
|
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
|
|
|
|
|
2,830
|
Detroit, Michigan, Senior Lien Sewerage Disposal System Revenue Bonds, Series 2001B,
|
No Opt. Call
|
A3
|
3,445,949
|
|
|
5.500%, 7/01/29 – NPFG Insured
|
|
|
|
|
10,000
|
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2011A,
|
7/21 at 100.00
|
A2
|
10,633,900
|
|
|
5.250%, 7/01/41
|
|
|
|
|
3,500
|
Eastern Michigan University, General Revenue Bonds, Series 2018A, 4.000%, 3/01/44 –
|
3/28 at 100.00
|
A2
|
3,690,540
|
|
|
AGM Insured
|
|
|
|
|
|
Grand Rapids and Kent County Joint Building Authority, Michigan, Limited Tax General
|
|
|
|
|
|
Obligation Bonds, Devos Place Project, Series 2001:
|
|
|
|
|
7,660
|
0.000%, 12/01/21
|
No Opt. Call
|
AAA
|
7,304,806
|
|
7,955
|
0.000%, 12/01/22
|
No Opt. Call
|
AAA
|
7,445,323
|
|
8,260
|
0.000%, 12/01/23
|
No Opt. Call
|
AAA
|
7,574,915
|
|
8,575
|
0.000%, 12/01/24
|
No Opt. Call
|
AAA
|
7,691,861
|
|
10,000
|
Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Refunding Senior Lien
|
7/26 at 100.00
|
A2
|
11,624,500
|
|
|
Series 2016C, 5.000%, 7/01/35
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Michigan (continued)
|
|
|
|
|
$ 27,960
|
Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Senior Lien Series
|
7/26 at 100.00
|
A2
|
$ 31,996,026
|
|
|
2016A, 5.000%, 7/01/46
|
|
|
|
|
|
Kalamazoo Hospital Finance Authority, Michigan, Hospital Revenue Refunding Bonds,
|
|
|
|
|
|
Bronson Methodist Hospital, Remarketed Series 2006:
|
|
|
|
|
895
|
5.250%, 5/15/36 – AGM Insured
|
5/20 at 100.00
|
A2
|
920,561
|
|
1,105
|
5.250%, 5/15/36 (Pre-refunded 5/15/20) – AGM Insured
|
5/20 at 100.00
|
A2 (4)
|
1,145,222
|
|
8,815
|
Michigan Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Series
|
11/29 at 100.00
|
A
|
9,252,048
|
|
|
2019A, 4.000%, 11/15/50 (WI/DD, Settling 5/02/19)
|
|
|
|
|
405
|
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
|
7/24 at 100.00
|
A2
|
451,875
|
|
|
Sewerage Department Water Supply System Local Project, Refunding Senior Loan Series 2014D-1,
|
|
|
|
|
|
5.000%, 7/01/37 – AGM Insured
|
|
|
|
|
1,300
|
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
|
7/22 at 100.00
|
A+
|
1,390,974
|
|
|
Sewerage Department Water Supply System Local Project, Series 2014C-1, 5.000%, 7/01/44
|
|
|
|
|
7,000
|
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group,
|
6/26 at 100.00
|
AA–
|
7,954,450
|
|
|
Refunding Series 2016MI, 5.000%, 12/01/45
|
|
|
|
|
12,520
|
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group,
|
12/27 at 100.00
|
AA–
|
13,516,341
|
|
|
Refunding Series 2017A-MI, 4.000%, 12/01/36
|
|
|
|
|
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding
|
|
|
|
|
|
Series 2011MI:
|
|
|
|
|
35
|
5.000%, 12/01/39 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
N/R (4)
|
37,941
|
|
9,965
|
5.000%, 12/01/39
|
12/21 at 100.00
|
AA–
|
10,656,272
|
|
3,000
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series
|
6/22 at 100.00
|
AA–
|
3,243,900
|
|
|
2015MI, 5.000%, 12/01/31
|
|
|
|
|
10,330
|
Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit
|
11/26 at 100.00
|
AA+
|
10,869,123
|
|
|
Group, Refunding and Project Series 2010F-6, 4.000%, 11/15/47
|
|
|
|
|
1,315
|
Michigan Public Power Agency, AFEC Project Revenue Bonds, Series 2012A, 5.000%, 1/01/43
|
1/22 at 100.00
|
BBB
|
1,380,290
|
|
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding
|
|
|
|
|
|
Series 2015-I:
|
|
|
|
|
17,000
|
5.000%, 4/15/31
|
10/25 at 100.00
|
AA–
|
19,893,910
|
|
1,615
|
5.000%, 4/15/38
|
10/25 at 100.00
|
AA–
|
1,863,645
|
|
11,345
|
Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health
|
11/19 at 100.00
|
N/R (4)
|
11,594,590
|
|
|
System, Refunding Series 2009, 5.750%, 11/15/39 (Pre-refunded 11/15/19)
|
|
|
|
|
2,000
|
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group,
|
6/22 at 100.00
|
AA–
|
2,125,740
|
|
|
Series 2009C, 5.000%, 12/01/48
|
|
|
|
|
4,575
|
Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue
|
5/19 at 100.00
|
B2
|
4,540,733
|
|
|
Bonds, Series 2008A, 6.875%, 6/01/42
|
|
|
|
|
4,790
|
Mona Shores Public Schools, Muskegon County, Michigan, General Obligation Bonds, School
|
5/29 at 100.00
|
Aa1
|
5,598,217
|
|
|
Building & Site Series 2019I, 5.000%, 5/01/48
|
|
|
|
|
5,780
|
Oakland University, Michigan, General Revenue Bonds, Series 2012, 5.000%, 3/01/42
|
3/22 at 100.00
|
A1
|
6,133,158
|
|
2,500
|
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont
|
8/19 at 100.00
|
N/R (4)
|
2,528,850
|
|
|
Hospital Obligated Group, Refunding Series 2009W, 6.375%, 8/01/29 (Pre-refunded 8/01/19)
|
|
|
|
|
2,200
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne
|
12/25 at 100.00
|
A
|
2,494,888
|
|
|
County Airport, Series 2015D, 5.000%, 12/01/45
|
|
|
|
|
5,000
|
Wayne State University, Michigan, General Revenue Bonds, Series 2018A, 5.000%, 11/15/43
|
11/28 at 100.00
|
A+
|
5,809,650
|
|
205,565
|
Total Michigan
|
|
|
220,588,590
|
|
|
Minnesota – 2.3% (1.4% of Total Investments)
|
|
|
|
|
285
|
Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory
|
8/26 at 100.00
|
BB+
|
284,632
|
|
|
Academy, Refunding Series 2016A, 4.000%, 8/01/36
|
|
|
|
|
4,005
|
City of Milaca, Minnesota Refunding Revenue Bonds, Grandview Christian Home Project,
|
10/24 at 102.00
|
N/R
|
4,152,905
|
|
|
Series 2016, 5.000%, 10/01/41
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Minnesota (continued)
|
|
|
|
|
|
Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds,
|
|
|
|
|
|
Walker Highview Hills LLC Project, Refunding Series 2016A:
|
|
|
|
|
$ 2,130
|
3.500%, 8/01/25, 144A
|
8/22 at 100.00
|
N/R
|
$ 2,142,950
|
|
1,000
|
5.000%, 8/01/46, 144A
|
8/22 at 100.00
|
N/R
|
1,025,820
|
|
|
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds,
|
|
|
|
|
|
Essentia Health Obligated Group, Series 2018A:
|
|
|
|
|
3,000
|
5.000%, 2/15/48
|
2/28 at 100.00
|
A–
|
3,406,170
|
|
11,000
|
5.000%, 2/15/53
|
2/28 at 100.00
|
A–
|
12,383,030
|
|
5,240
|
5.250%, 2/15/53
|
2/28 at 100.00
|
A–
|
6,015,101
|
|
9,840
|
Independent School District 621, Mounds View, Minnesota, General Obligation Bonds,
|
2/27 at 100.00
|
AAA
|
10,527,324
|
|
|
School Building Series 2018A, 4.000%, 2/01/41
|
|
|
|
|
2,800
|
Itasca County Independent School District 318, Minnesota, General Obligation Bonds,
|
2/27 at 100.00
|
AAA
|
3,040,240
|
|
|
Series 2018A, 4.000%, 2/01/37
|
|
|
|
|
|
Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services,
|
|
|
|
|
|
Series 2018A:
|
|
|
|
|
2,530
|
4.000%, 11/15/48
|
11/28 at 100.00
|
A2
|
2,659,435
|
|
3,395
|
5.000%, 11/15/49
|
11/28 at 100.00
|
A2
|
3,913,518
|
|
|
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,
|
|
|
|
|
|
Senior Lien Series 2016C:
|
|
|
|
|
3,500
|
5.000%, 1/01/41
|
1/27 at 100.00
|
AA–
|
4,066,650
|
|
5,000
|
5.000%, 1/01/46
|
1/27 at 100.00
|
AA–
|
5,783,900
|
|
2,855
|
Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding Series 2017A, 5.000%,
|
12/26 at 100.00
|
Aa3
|
3,301,294
|
|
|
12/01/47
|
|
|
|
|
4,000
|
Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Series
|
5/29 at 100.00
|
A2
|
4,252,800
|
|
|
2019, 4.000%, 5/01/49
|
|
|
|
|
4,170
|
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue
|
9/24 at 102.00
|
BBB–
|
4,182,927
|
|
|
Bonds, Nova Classical Academy, Series 2016A, 4.125%, 9/01/47
|
|
|
|
|
3,000
|
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Facility Revenue
|
7/25 at 100.00
|
A2
|
3,441,720
|
|
|
Bonds, HealthPartners Obligated Group, Refunding Series 2015A, 5.000%, 7/01/30
|
|
|
|
|
|
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds,
|
|
|
|
|
|
Fairview Health Services, Series 2017A:
|
|
|
|
|
595
|
4.000%, 11/15/35
|
11/27 at 100.00
|
A2
|
641,166
|
|
1,470
|
4.000%, 11/15/43
|
11/27 at 100.00
|
A2
|
1,557,024
|
|
850
|
Sartell, Minnesota, Health Care Facilities Revenue Bonds, Country Manor Campus LLC
|
9/27 at 100.00
|
N/R
|
922,845
|
|
|
Project, Refunding Series 2017, 5.000%, 9/01/42
|
|
|
|
|
|
St Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds,
|
|
|
|
|
|
HealthEast Inc., Series 2015A:
|
|
|
|
|
550
|
5.250%, 11/15/35 (Pre-refunded 11/15/20)
|
11/20 at 100.00
|
N/R (4)
|
579,909
|
|
3,595
|
5.000%, 11/15/40 (Pre-refunded 11/15/25)
|
11/25 at 100.00
|
N/R (4)
|
4,289,123
|
|
5,315
|
5.000%, 11/15/44 (Pre-refunded 11/15/25)
|
11/25 at 100.00
|
N/R (4)
|
6,341,220
|
|
80,125
|
Total Minnesota
|
|
|
88,911,703
|
|
|
Mississippi – 0.3% (0.2% of Total Investments)
|
|
|
|
|
11,465
|
Medical Center Educational Building Corporation, Mississippi, Revenue Bonds, University
|
6/27 at 100.00
|
Aa2
|
12,114,951
|
|
|
of Mississippi Medical Center New Facilities & Refinancing Project, Series 2017A,
|
|
|
|
|
|
4.000%, 6/01/47
|
|
|
|
|
|
Missouri – 3.7% (2.3% of Total Investments)
|
|
|
|
|
2,585
|
Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit
|
10/22 at 100.00
|
Aa2
|
2,836,391
|
|
|
Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2013A, 5.000%, 10/01/44
|
|
|
|
|
|
Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding
|
|
|
|
|
|
Series 2016:
|
|
|
|
|
2,470
|
4.000%, 8/01/33
|
8/26 at 100.00
|
Baa2
|
2,523,278
|
|
4,590
|
5.000%, 8/01/35
|
8/26 at 100.00
|
Baa2
|
4,950,407
|
|
640
|
4.000%, 8/01/38
|
8/26 at 100.00
|
Baa2
|
644,806
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Missouri (continued)
|
|
|
|
|
|
Hannibal Industrial Development Authority, Missouri, Health Facilities Revenue Bonds,
|
|
|
|
|
|
Hannibal Regional Healthcare System, Series 2017:
|
|
|
|
|
$ 2,860
|
5.000%, 10/01/42
|
10/27 at 100.00
|
BBB+
|
$ 3,229,884
|
|
1,000
|
5.000%, 10/01/47
|
10/27 at 100.00
|
BBB+
|
1,126,900
|
|
|
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds,
|
|
|
|
|
|
Series 2004B-1:
|
|
|
|
|
8,150
|
0.000%, 4/15/27 – AMBAC Insured
|
No Opt. Call
|
A1
|
6,613,725
|
|
5,000
|
0.000%, 4/15/31 – AMBAC Insured
|
No Opt. Call
|
A1
|
3,482,300
|
|
|
Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Improvement Series 2018A:
|
|
|
|
|
2,475
|
4.000%, 1/01/38
|
1/28 at 100.00
|
AA
|
2,672,604
|
|
4,470
|
4.000%, 1/01/42
|
1/28 at 100.00
|
AA
|
4,745,039
|
|
315
|
Missouri Development Finance Board, Infrastructure Facilities Revenue Bonds, Branson
|
No Opt. Call
|
A3
|
321,061
|
|
|
Landing Project, Series 2005A, 6.000%, 6/01/20
|
|
|
|
|
1,350
|
Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds,
|
5/26 at 100.00
|
A+
|
1,540,850
|
|
|
Saint Luke’s Health System, Inc., Series 2016, 5.000%, 11/15/35
|
|
|
|
|
1,400
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue
|
6/27 at 100.00
|
A1
|
1,596,476
|
|
|
Bonds, Kansas City University of Medicine and Biosciences, Series 2017A, 5.000%, 6/01/42
|
|
|
|
|
11,985
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue
|
5/23 at 100.00
|
BBB
|
12,910,362
|
|
|
Bonds, Saint Louis College of Pharmacy, Series 2013, 5.500%, 5/01/43
|
|
|
|
|
3,665
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
1/25 at 100.00
|
AA
|
3,834,763
|
|
|
BJC Health System, Series 2015A, 4.000%, 1/01/45
|
|
|
|
|
1,500
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
7/26 at 100.00
|
AA
|
1,580,460
|
|
|
BJC Health System, Variable Rate Demand Obligation Series 2013C, 4.000%, 1/01/50 (Mandatory
|
|
|
|
|
|
Put 1/01/46)
|
|
|
|
|
14,000
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
1/28 at 100.00
|
AA
|
14,625,940
|
|
|
BJC Health System, Variable Rate Demand Obligation Series 2018D, 4.000%, 1/01/58 (Mandatory
|
|
|
|
|
|
Put 1/01/48) (UB), (6)
|
|
|
|
|
17,300
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
11/23 at 100.00
|
A2
|
18,690,055
|
|
|
CoxHealth, Series 2013A, 5.000%, 11/15/48
|
|
|
|
|
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
|
|
|
|
|
CoxHealth, Series 2019A:
|
|
|
|
|
3,780
|
4.000%, 11/15/44
|
5/29 at 100.00
|
A2
|
4,007,707
|
|
4,220
|
4.000%, 11/15/49
|
5/29 at 100.00
|
A2
|
4,450,412
|
|
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
|
|
|
|
|
Mercy Health, Series 2017C:
|
|
|
|
|
2,220
|
5.000%, 11/15/42
|
11/27 at 100.00
|
AA–
|
2,567,918
|
|
2,250
|
5.000%, 11/15/47
|
11/27 at 100.00
|
AA–
|
2,594,993
|
|
3,000
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
6/24 at 100.00
|
A+
|
3,137,400
|
|
|
SSM Health Care, Series 2014A, 4.000%, 6/01/33
|
|
|
|
|
10,000
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Children’s Mercy
|
5/25 at 102.00
|
A+
|
10,313,300
|
|
|
Hospital, Series 2017A, 4.000%, 5/15/42
|
|
|
|
|
4,155
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior
|
2/24 at 100.00
|
BBB
|
4,443,814
|
|
|
Services Projects, Series 2014A, 5.000%, 2/01/35
|
|
|
|
|
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior
|
|
|
|
|
|
Services Projects, Series 2016A:
|
|
|
|
|
1,900
|
5.000%, 2/01/36
|
2/26 at 100.00
|
BBB
|
2,069,442
|
|
2,550
|
5.000%, 2/01/46
|
2/26 at 100.00
|
BBB
|
2,744,616
|
|
335
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis
|
4/29 at 100.00
|
A1
|
355,659
|
|
|
University, Series 2019A, 4.000%, 10/01/48
|
|
|
|
|
7,085
|
Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds,
|
6/26 at 100.00
|
A2
|
8,185,796
|
|
|
Prairie State Power Project, Refunding Series 2016A, 5.000%, 12/01/34
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Missouri (continued)
|
|
|
|
|
|
Saint Charles County Public Water Supply District 2, Missouri, Certificates of
|
|
|
|
|
|
Participation, Refunding Series 2016C:
|
|
|
|
|
$ 1,675
|
4.000%, 12/01/31
|
12/25 at 100.00
|
AA+
|
$ 1,810,424
|
|
2,535
|
5.000%, 12/01/32
|
12/25 at 100.00
|
AA+
|
2,967,826
|
|
220
|
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship
|
9/23 at 100.00
|
BB+
|
239,063
|
|
|
Village of Sunset Hills, Series 2013A, 5.875%, 9/01/43
|
|
|
|
|
7,250
|
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship
|
9/25 at 103.00
|
BB+
|
7,861,537
|
|
|
Village Saint Louis Obligated Group, Series 2018A, 5.250%, 9/01/53
|
|
|
|
|
138,930
|
Total Missouri
|
|
|
145,675,208
|
|
|
Montana – 0.4% (0.3% of Total Investments)
|
|
|
|
|
1,475
|
Kalispell, Montana, Housing and Healthcare Facilities Revenue Bonds, Immanuel Lutheran
|
5/25 at 102.00
|
N/R
|
1,541,803
|
|
|
Corporation, Series 2017A, 5.250%, 5/15/47
|
|
|
|
|
3,310
|
Montana Facilities Finance Authority, Montana, Health Facilities Revenue Bonds, Bozeman
|
6/28 at 100.00
|
A
|
3,817,919
|
|
|
Deaconess Health Services Obligated Group, Series 2018, 5.000%, 6/01/48
|
|
|
|
|
4,965
|
Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell
|
7/28 at 100.00
|
BBB
|
5,522,420
|
|
|
Regional Medical Center, Series 2018B, 5.000%, 7/01/48
|
|
|
|
|
2,580
|
Montana Facility Finance Authority, Hospital Revenue Bonds, Benefits Health System
|
2/27 at 100.00
|
A+
|
2,895,070
|
|
|
Obligated Group, Refunding Series 2016, 5.000%, 2/15/41
|
|
|
|
|
1,825
|
Montana Facility Finance Authority, Revenue Bonds, Billings Clinic Obligated Group,
|
8/28 at 100.00
|
AA–
|
2,137,422
|
|
|
Series 2018A, 5.000%, 8/15/48
|
|
|
|
|
14,155
|
Total Montana
|
|
|
15,914,634
|
|
|
Nebraska – 0.8% (0.5% of Total Investments)
|
|
|
|
|
2,620
|
Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012,
|
9/22 at 100.00
|
A
|
2,838,456
|
|
|
5.000%, 9/01/42
|
|
|
|
|
3,000
|
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds,
|
5/27 at 100.00
|
A1
|
3,401,670
|
|
|
Children’s Hospital Obligated Group, Series 2017, 5.000%, 11/15/47
|
|
|
|
|
|
Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska
|
|
|
|
|
|
Methodist Health System, Refunding Series 2015:
|
|
|
|
|
3,500
|
5.000%, 11/01/45
|
11/25 at 100.00
|
A–
|
3,816,435
|
|
1,400
|
5.000%, 11/01/48
|
11/25 at 100.00
|
A–
|
1,523,172
|
|
2,280
|
Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds,
|
11/21 at 100.00
|
A–
|
2,396,348
|
|
|
Great Plains Regional Medical Center Project, Series 2012, 5.000%, 11/01/42
|
|
|
|
|
4,000
|
Lincoln, Nebraska, Electric System Revenue Bonds, Refunding Series 2012, 5.000%, 9/01/37
|
9/22 at 100.00
|
AA
|
4,374,480
|
|
|
Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional
|
|
|
|
|
|
Health Services Project, Refunding Series 2017A:
|
|
|
|
|
2,150
|
5.000%, 7/01/29
|
7/27 at 100.00
|
BBB
|
2,484,626
|
|
2,000
|
5.000%, 7/01/30
|
7/27 at 100.00
|
BBB
|
2,295,240
|
|
|
Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional
|
|
|
|
|
|
Health Services Project, Series 2018:
|
|
|
|
|
1,000
|
5.000%, 7/01/32
|
7/25 at 100.00
|
BBB
|
1,104,000
|
|
820
|
5.000%, 7/01/33
|
7/25 at 100.00
|
BBB
|
902,705
|
|
2,000
|
5.000%, 7/01/34
|
7/25 at 100.00
|
BBB
|
2,196,540
|
|
5,110
|
Municipal Energy Agency of Nebraska, Power Supply System Revenue Bonds, Refunding Series
|
10/26 at 100.00
|
A
|
5,906,751
|
|
|
2016A, 5.000%, 4/01/38
|
|
|
|
|
29,880
|
Total Nebraska
|
|
|
33,240,423
|
|
|
Nevada – 5.2% (3.3% of Total Investments)
|
|
|
|
|
6,030
|
Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project,
|
9/27 at 100.00
|
BBB+
|
6,659,411
|
|
|
Series 2017A, 5.000%, 9/01/47
|
|
|
|
|
2,000
|
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2009C, 5.000%,
|
7/19 at 100.00
|
Aa3
|
2,010,700
|
|
|
7/01/26 – AGM Insured
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Nevada (continued)
|
|
|
|
|
$ 27,000
|
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B,
|
1/20 at 100.00
|
A+
|
$ 27,670,950
|
|
|
5.750%, 7/01/42
|
|
|
|
|
|
Clark County, Nevada, General Obligation Bonds, Limited Tax Bond Bank Additionally
|
|
|
|
|
|
Secured by Pledged Revenues, Refunding Series 2009:
|
|
|
|
|
3,520
|
5.000%, 6/01/27
|
6/19 at 100.00
|
AA+
|
3,529,258
|
|
3,695
|
5.000%, 6/01/28
|
6/19 at 100.00
|
AA+
|
3,704,681
|
|
3,880
|
5.000%, 6/01/29
|
6/19 at 100.00
|
AA+
|
3,889,972
|
|
7,525
|
Clark County, Nevada, General Obligation Bonds, Stadium Improvement, Limited Tax
|
6/28 at 100.00
|
AA+
|
8,817,193
|
|
|
Additionally Secured by Pledged Revenues, Series 2018A, 5.000%, 5/01/48
|
|
|
|
|
|
Clark County, Nevada, General Obligation Bonds, Transportation, Refunding Series 2010B:
|
|
|
|
|
4,915
|
5.000%, 7/01/25
|
1/20 at 100.00
|
AA+
|
5,023,179
|
|
4,160
|
5.000%, 7/01/26
|
1/20 at 100.00
|
AA+
|
4,251,270
|
|
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
|
|
|
|
|
International Airport, Series 2010A:
|
|
|
|
|
12,265
|
5.250%, 7/01/39 – AGM Insured
|
1/20 at 100.00
|
Aa3
|
12,516,432
|
|
35,860
|
5.250%, 7/01/42
|
1/20 at 100.00
|
A+
|
36,573,255
|
|
365
|
Director of the State of Nevada Department of Business and Industry, Charter School
|
12/25 at 100.00
|
BB
|
384,725
|
|
|
Lease Revenue Bonds, Somerset Academy, Series 2018A, 5.000%, 12/15/38, 144A
|
|
|
|
|
|
Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada,
|
|
|
|
|
|
Refunding Series 2016:
|
|
|
|
|
2,300
|
4.000%, 9/01/26
|
No Opt. Call
|
N/R
|
2,373,692
|
|
1,525
|
4.000%, 9/01/27
|
9/26 at 100.00
|
N/R
|
1,552,115
|
|
2,660
|
4.000%, 9/01/29
|
9/26 at 100.00
|
N/R
|
2,678,381
|
|
2,920
|
4.000%, 9/01/30
|
9/26 at 100.00
|
N/R
|
2,929,081
|
|
10,000
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series
|
6/21 at 100.00
|
AA+
|
10,592,600
|
|
|
2011C, 5.000%, 6/01/38
|
|
|
|
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding
|
|
|
|
|
|
Series 2015:
|
|
|
|
|
5,000
|
5.000%, 6/01/32
|
12/24 at 100.00
|
AA+
|
5,749,150
|
|
10,000
|
5.000%, 6/01/33
|
12/24 at 100.00
|
AA+
|
11,485,200
|
|
6,620
|
5.000%, 6/01/39
|
12/24 at 100.00
|
AA+
|
7,563,019
|
|
11,915
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series
|
12/24 at 100.00
|
AA+
|
13,612,292
|
|
|
2015, 5.000%, 6/01/39 (UB), (6)
|
|
|
|
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Tender Option Bond
|
|
|
|
|
|
Trust 2015-XF0233:
|
|
|
|
|
3,995
|
11.544%, 6/01/39, 144A (IF), (6)
|
12/24 at 100.00
|
Aa1
|
6,269,913
|
|
1,000
|
11.754%, 6/01/39, 144A (IF), (6)
|
12/24 at 100.00
|
Aa1
|
1,569,790
|
|
1,250
|
11.651%, 6/01/39, 144A (IF), (6)
|
12/24 at 100.00
|
Aa1
|
1,962,237
|
|
1,250
|
11.651%, 6/01/39, 144A (IF), (6)
|
12/24 at 100.00
|
Aa1
|
1,962,238
|
|
2,500
|
11.651%, 6/01/39, 144A (IF), (6)
|
12/24 at 100.00
|
Aa1
|
3,924,475
|
|
4,100
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B,
|
6/22 at 100.00
|
AA+
|
4,430,788
|
|
|
5.000%, 6/01/42
|
|
|
|
|
|
Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors
|
|
|
|
|
|
Authority, Refunding Series 2011:
|
|
|
|
|
395
|
5.000%, 7/01/32 (Pre-refunded 7/01/21)
|
7/21 at 100.00
|
N/R (4)
|
423,006
|
|
530
|
5.000%, 7/01/32 (Pre-refunded 7/01/21)
|
7/21 at 100.00
|
N/R (4)
|
567,577
|
|
7,615
|
5.000%, 7/01/32
|
7/21 at 100.00
|
Aa2
|
8,118,808
|
|
186,790
|
Total Nevada
|
|
|
202,795,388
|
|
|
New Hampshire – 0.4% (0.2% of Total Investments)
|
|
|
|
|
8,000
|
New Hampshire Business Finance Authority, Revenue Bonds, Elliot Hospital Obligated
|
10/19 at 100.00
|
Baa1 (4)
|
8,148,240
|
|
|
Group Issue, Series 2009A, 6.125%, 10/01/39 (Pre-refunded 10/01/19)
|
|
|
|
|
1,500
|
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Concord
|
10/27 at 100.00
|
A2
|
1,704,540
|
|
|
Hospital, Series 2017, 5.000%, 10/01/47
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New Hampshire (continued)
|
|
|
|
|
|
New Hampshire Health and Education Facilities Authority, Revenue Bonds,
|
|
|
|
|
|
Dartmouth-Hitchcock Obligated Group, Series 2018A:
|
|
|
|
|
$ 1,115
|
5.000%, 8/01/36
|
2/28 at 100.00
|
A
|
$ 1,306,278
|
|
2,935
|
5.000%, 8/01/37
|
2/28 at 100.00
|
A
|
3,426,965
|
|
13,550
|
Total New Hampshire
|
|
|
14,586,023
|
|
|
New Jersey – 6.0% (3.8% of Total Investments)
|
|
|
|
|
20,890
|
New Jersey Economic Development Authority, School Facilities Construction Bonds,
|
12/26 at 100.00
|
BBB+
|
24,149,049
|
|
|
Refunding Series 2016BBB, 5.500%, 6/15/30
|
|
|
|
|
|
New Jersey Economic Development Authority, School Facilities Construction Bonds,
|
|
|
|
|
|
Series 2014UU:
|
|
|
|
|
5,515
|
5.000%, 6/15/30
|
6/24 at 100.00
|
BBB+
|
5,967,175
|
|
5,000
|
5.000%, 6/15/40
|
6/24 at 100.00
|
BBB+
|
5,319,650
|
|
1,005
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
|
6/27 at 100.00
|
BBB+
|
1,090,063
|
|
|
2017DDD, 5.000%, 6/15/42
|
|
|
|
|
6,975
|
New Jersey Economic Development Authority, School Facilities Construction Financing
|
3/21 at 100.00
|
BBB+
|
7,289,921
|
|
|
Program Bonds, Refunding Series 2011GG, 5.000%, 9/01/24
|
|
|
|
|
10,600
|
New Jersey Economic Development Authority, Sublease Revenue Bonds, New Jersey Transit
|
No Opt. Call
|
BBB+
|
12,135,304
|
|
|
Corporation Projects, Refunding Series 2017B, 5.000%, 11/01/25
|
|
|
|
|
6,000
|
New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University,
|
6/27 at 100.00
|
A2
|
6,791,460
|
|
|
Refunding Series 2017, 5.000%, 6/01/42 – AGM Insured
|
|
|
|
|
2,020
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint
|
6/19 at 100.00
|
BB+
|
2,025,939
|
|
|
Peters University Hospital, Series 2007, 5.750%, 7/01/37
|
|
|
|
|
2,500
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hackensack
|
7/27 at 100.00
|
AA–
|
2,922,600
|
|
|
Meridian Health Obligated Group, Refunding Series 2017A, 5.000%, 7/01/37
|
|
|
|
|
720
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Robert Wood
|
7/23 at 100.00
|
A1
|
807,408
|
|
|
Johnson University Hospital, Series 2013A, 5.500%, 7/01/43
|
|
|
|
|
10,970
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas
|
7/26 at 100.00
|
A1
|
12,588,843
|
|
|
Health Obligated Group, Refunding Series 2016A, 5.000%, 7/01/43
|
|
|
|
|
695
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University
|
7/25 at 100.00
|
AA
|
769,594
|
|
|
Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46 – AGM Insured
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue
|
|
|
|
|
|
Notes, Series 2016A-1:
|
|
|
|
|
3,050
|
5.000%, 6/15/28
|
6/26 at 100.00
|
Baa1
|
3,516,345
|
|
7,795
|
5.000%, 6/15/29
|
6/26 at 100.00
|
Baa1
|
8,940,631
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital
|
|
|
|
|
|
Appreciation Series 2010A:
|
|
|
|
|
5,000
|
0.000%, 12/15/26
|
No Opt. Call
|
BBB+
|
3,948,650
|
|
16,495
|
0.000%, 12/15/33
|
No Opt. Call
|
BBB+
|
9,589,368
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding
|
|
|
|
|
|
Series 2006C:
|
|
|
|
|
1,815
|
0.000%, 12/15/26 – BHAC Insured
|
No Opt. Call
|
AA+
|
1,498,319
|
|
10,000
|
0.000%, 12/15/30 – FGIC Insured
|
No Opt. Call
|
A–
|
6,766,000
|
|
38,000
|
0.000%, 12/15/33 – AGM Insured
|
No Opt. Call
|
A–
|
22,735,020
|
|
45,000
|
0.000%, 12/15/35 – AMBAC Insured
|
No Opt. Call
|
BBB+
|
23,884,650
|
|
10,000
|
0.000%, 12/15/36 – AMBAC Insured
|
No Opt. Call
|
BBB+
|
5,058,600
|
|
5,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
No Opt. Call
|
BBB+
|
5,606,900
|
|
|
2010D, 5.000%, 12/15/23
|
|
|
|
|
2,310
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
6/21 at 100.00
|
BBB+
|
2,442,317
|
|
|
2011B, 5.500%, 6/15/31
|
|
|
|
|
1,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
6/22 at 100.00
|
A–
|
1,046,360
|
|
|
2012A, 5.000%, 6/15/42
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New Jersey (continued)
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds,
|
|
|
|
|
|
Series 2013AA:
|
|
|
|
|
$ 5,500
|
5.000%, 6/15/29
|
6/23 at 100.00
|
BBB+
|
$ 5,955,180
|
|
7,500
|
5.500%, 6/15/39
|
6/23 at 100.00
|
BBB+
|
8,061,825
|
|
14,000
|
New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2005D-1, 5.250%, 1/01/26 –
|
No Opt. Call
|
A2
|
16,931,880
|
|
|
AGM Insured
|
|
|
|
|
1,160
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2017B, 4.000%, 1/01/34
|
1/28 at 100.00
|
A2
|
1,267,637
|
|
|
New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Trust 2016-XF1057:
|
|
|
|
|
810
|
11.030%, 1/01/43, 144A (Pre-refunded 7/01/22) (IF), (6)
|
7/22 at 100.00
|
N/R (4)
|
1,125,965
|
|
505
|
11.030%, 1/01/43, 144A (IF), (6)
|
7/22 at 100.00
|
A
|
701,990
|
|
1,500
|
New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2017G, 4.000%, 1/01/33
|
1/28 at 100.00
|
A2
|
1,644,570
|
|
3,000
|
Rahway Valley Sewerage Authority, New Jersey, Sewer Revenue Bonds, Series 2005A, 0.000%,
|
No Opt. Call
|
Aa2
|
2,623,470
|
|
|
9/01/25 – NPFG Insured
|
|
|
|
|
|
Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L:
|
|
|
|
|
2,000
|
5.000%, 5/01/38
|
5/23 at 100.00
|
A+
|
2,215,440
|
|
910
|
5.000%, 5/01/43
|
5/23 at 100.00
|
A+
|
1,006,915
|
|
15,235
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
|
6/28 at 100.00
|
BBB+
|
17,066,704
|
|
|
Bonds, Series 2018A, 5.250%, 6/01/46
|
|
|
|
|
2,615
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
|
6/28 at 100.00
|
BBB
|
2,731,315
|
|
|
Bonds, Series 2018B, 5.000%, 6/01/46
|
|
|
|
|
273,090
|
Total New Jersey
|
|
|
238,223,057
|
|
|
New York – 6.7% (4.2% of Total Investments)
|
|
|
|
|
7,000
|
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
|
No Opt. Call
|
BBB–
|
2,476,040
|
|
|
Bonds, Barclays Center Project, Series 2009, 0.000%, 7/15/45
|
|
|
|
|
3,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series
|
4/21 at 100.00
|
AAA
|
3,175,020
|
|
|
2011A, 5.000%, 10/01/41
|
|
|
|
|
7,435
|
Dormitory Authority of the State of New York, Revenue Bonds, New School University,
|
7/20 at 100.00
|
A2 (4)
|
7,774,036
|
|
|
Series 2010, 5.500%, 7/01/43 (Pre-refunded 7/01/20) – AGM Insured
|
|
|
|
|
12,830
|
Dormitory Authority of the State of New York, Revenue Bonds, New School University,
|
7/25 at 100.00
|
A–
|
14,281,714
|
|
|
Series 2015A, 5.000%, 7/01/50
|
|
|
|
|
3,200
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
|
7/22 at 100.00
|
AA–
|
3,492,864
|
|
|
2012A, 5.000%, 7/01/42
|
|
|
|
|
4,000
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
|
7/23 at 100.00
|
AA–
|
4,460,320
|
|
|
2013A, 5.000%, 7/01/43
|
|
|
|
|
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical
|
6/27 at 100.00
|
BBB–
|
1,146,180
|
|
|
Center Obligated Group, Series 2017, 5.000%, 12/01/33, 144A
|
|
|
|
|
14,075
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds,
|
2/25 at 100.00
|
AA+
|
16,117,986
|
|
|
General Purpose Series 2015B Group C, 5.000%, 2/15/36
|
|
|
|
|
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012
|
|
|
|
|
|
Series 2011A:
|
|
|
|
|
445
|
5.250%, 2/15/47 (Pre-refunded 2/15/21)
|
2/21 at 100.00
|
Aa2 (4)
|
474,130
|
|
9,670
|
5.250%, 2/15/47
|
2/21 at 100.00
|
AA–
|
10,233,568
|
|
1,295
|
5.750%, 2/15/47
|
2/21 at 100.00
|
AA–
|
1,382,853
|
|
2,105
|
5.750%, 2/15/47 (Pre-refunded 2/15/21)
|
2/21 at 100.00
|
Aa2 (4)
|
2,261,254
|
|
10,000
|
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds,
|
No Opt. Call
|
A
|
12,840,800
|
|
|
Series 2005, 5.250%, 10/01/35
|
|
|
|
|
|
Long Island Power Authority, New York, Electric System General Revenue Bonds,
|
|
|
|
|
|
Series 2014A:
|
|
|
|
|
1,045
|
4.000%, 9/01/39 – AGM Insured
|
9/24 at 100.00
|
A–
|
1,095,265
|
|
780
|
5.000%, 9/01/44
|
9/24 at 100.00
|
A–
|
865,277
|
|
5,000
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series
|
9/28 at 100.00
|
A–
|
5,985,450
|
|
|
2018, 5.000%, 9/01/37
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New York (continued)
|
|
|
|
|
$ 7,240
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
|
5/21 at 100.00
|
A– (4)
|
$ 7,733,768
|
|
|
5.000%, 5/01/38 (Pre-refunded 5/01/21)
|
|
|
|
|
15,100
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A,
|
9/22 at 100.00
|
A–
|
16,328,385
|
|
|
5.000%, 9/01/42
|
|
|
|
|
3,500
|
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue
|
2/21 at 100.00
|
AA
|
3,756,025
|
|
|
Bonds, Unity Hospital of Rochester Project, Series 2010, 5.750%, 8/15/30
|
|
|
|
|
1,000
|
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University
|
7/23 at 100.00
|
AA– (4)
|
1,139,440
|
|
|
of Rochester Project, Series 2013A, 5.000%, 7/01/43 (Pre-refunded 7/01/23)
|
|
|
|
|
2,100
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System
|
12/20 at 100.00
|
AA+
|
2,217,012
|
|
|
Revenue Bonds, Second Generation Resolution, Fiscal 2011 Series EE, 5.375%, 6/15/43
|
|
|
|
|
7,225
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second
|
6/23 at 100.00
|
AA+
|
8,001,182
|
|
|
General Resolution Revenue Bonds, Fiscal 2014 Series BB, 5.000%, 6/15/46
|
|
|
|
|
5,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second
|
6/27 at 100.00
|
AA+
|
5,917,800
|
|
|
General Resolution Revenue Bonds, Fiscal 2017 Series EE, 5.000%, 6/15/37
|
|
|
|
|
3,500
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds,
|
7/27 at 100.00
|
AA
|
3,820,635
|
|
|
Fiscal 2018, Series 2017S-1, 4.000%, 7/15/36
|
|
|
|
|
5,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds,
|
5/23 at 100.00
|
Aa1
|
5,550,950
|
|
|
Subordinate Fiscal 2013 Series I, 5.000%, 5/01/38
|
|
|
|
|
5,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds,
|
5/28 at 100.00
|
Aa1
|
5,931,550
|
|
|
Subordinate Fiscal 2018 Series C-3, 5.000%, 5/01/41
|
|
|
|
|
10,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds,
|
8/28 at 100.00
|
Aa1
|
11,922,500
|
|
|
Subordinate Fiscal 2019 Series A-1, 5.000%, 8/01/40
|
|
|
|
|
2,060
|
New York City, New York, General Obligation Bonds, Fiscal 2017 Series B-1,
|
12/26 at 100.00
|
AA
|
2,395,100
|
|
|
5.000%, 12/01/41
|
|
|
|
|
10
|
New York City, New York, General Obligation Bonds, Fiscal Series 1996J, 5.500%, 2/15/26
|
6/19 at 100.00
|
AA
|
10,032
|
|
5
|
New York City, New York, General Obligation Bonds, Fiscal Series 1997H, 6.125%, 8/01/25
|
6/19 at 100.00
|
AA
|
5,020
|
|
23,920
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
|
11/24 at 100.00
|
N/R
|
25,761,122
|
|
|
Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A
|
|
|
|
|
6,385
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
|
11/21 at 100.00
|
A
|
7,000,322
|
|
|
Center Project, Series 2011, 5.750%, 11/15/51
|
|
|
|
|
4,045
|
New York State Environmental Facilities Corporation, State Clean Water and Drinking
|
6/22 at 100.00
|
AAA
|
5,287,381
|
|
|
Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority
|
|
|
|
|
|
Projects, Tender Option Bond Trust, 9.228%, 6/15/26, 144A (IF), (6)
|
|
|
|
|
10,000
|
New York State Thruway Authority, General Revenue Junior Indebtedness Obligations,
|
1/26 at 100.00
|
A–
|
11,420,200
|
|
|
Series 2016A, 5.250%, 1/01/56
|
|
|
|
|
2,105
|
Onondaga Civic Development Corporation, New York, Revenue Bonds, Saint Joseph’s Hospital
|
7/22 at 100.00
|
N/R (4)
|
2,322,152
|
|
|
Health Center Project, Series 2012, 5.000%, 7/01/42 (Pre-refunded 7/01/22)
|
|
|
|
|
3,925
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
|
12/23 at 100.00
|
AA–
|
4,423,083
|
|
|
Seventy Ninth Series 2013, 5.000%, 12/01/38
|
|
|
|
|
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
|
|
|
|
|
Terminal LLC Project, Eighth Series 2010:
|
|
|
|
|
8,550
|
5.500%, 12/01/31
|
12/20 at 100.00
|
BBB+
|
9,023,755
|
|
3,710
|
6.000%, 12/01/42
|
12/20 at 100.00
|
BBB+
|
3,926,961
|
|
9,950
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds,
|
No Opt. Call
|
AA–
|
11,169,074
|
|
|
Refunding Bonds, Tender Option Bond Trust 2016-XL0003, 5.145%, 11/15/21, 144A (IF), (6)
|
|
|
|
|
5,000
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds,
|
5/25 at 100.00
|
AA–
|
5,677,200
|
|
|
Refunding Series 2015A, 5.000%, 11/15/50
|
|
|
|
|
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds,
|
|
|
|
|
|
Refunding Subordinate Lien Series 2013A:
|
|
|
|
|
10,725
|
0.000%, 11/15/31
|
No Opt. Call
|
A+
|
7,419,984
|
|
1,105
|
0.000%, 11/15/32
|
No Opt. Call
|
A+
|
734,814
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New York (continued)
|
|
|
|
|
$ 5,000
|
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/45
|
6/27 at 100.00
|
B+
|
$ 4,907,600
|
|
244,040
|
Total New York
|
|
|
261,865,804
|
|
|
North Carolina – 1.0% (0.6% of Total Investments)
|
|
|
|
|
3,555
|
Charlotte, North Carolina, Water and Sewer System Refunding Bonds, Tender Option Bond
|
7/20 at 100.00
|
AAA
|
3,936,665
|
|
|
Trust 2016-XL0012, 9.278%, 7/01/38, 144A (IF), (6)
|
|
|
|
|
1,000
|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA
|
1/21 at 100.00
|
AA–
|
1,053,130
|
|
|
Carolinas HealthCare System, Series 2011A, 5.250%, 1/15/42
|
|
|
|
|
3,440
|
New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical
|
10/27 at 100.00
|
A+
|
3,919,983
|
|
|
Center, Series 2017, 5.000%, 10/01/47
|
|
|
|
|
9,485
|
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University
|
10/25 at 100.00
|
AA+
|
10,790,041
|
|
|
Project, Refunding Series 2015B, 5.000%, 10/01/55 (UB), (6)
|
|
|
|
|
2,720
|
North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue
|
10/24 at 102.00
|
N/R
|
2,894,733
|
|
|
Bonds, Southminster Project, Refunding Series 2016, 5.000%, 10/01/37
|
|
|
|
|
3,560
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke
|
6/19 at 100.00
|
N/R (4)
|
3,569,505
|
|
|
University Health System, Series 2009A, 5.000%, 6/01/42 (Pre-refunded 6/01/19)
|
|
|
|
|
5,000
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke
|
6/22 at 100.00
|
AA
|
5,415,850
|
|
|
University Health System, Series 2012A, 5.000%, 6/01/42
|
|
|
|
|
1,455
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant
|
6/22 at 100.00
|
A+
|
1,562,946
|
|
|
Health, Refunding Series 2012A, 5.000%, 6/01/36
|
|
|
|
|
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, WakeMed,
|
|
|
|
|
|
Refunding Series 2012A:
|
|
|
|
|
3,300
|
5.000%, 10/01/31
|
10/22 at 100.00
|
A2
|
3,600,399
|
|
1,500
|
5.000%, 10/01/38
|
10/22 at 100.00
|
A2
|
1,622,145
|
|
35,015
|
Total North Carolina
|
|
|
38,365,397
|
|
|
North Dakota – 0.9% (0.6% of Total Investments)
|
|
|
|
|
5,080
|
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center
|
7/22 at 100.00
|
N/R (4)
|
5,503,164
|
|
|
Project, Refunding Series 2012A, 4.500%, 7/01/32 (Pre-refunded 7/01/22)
|
|
|
|
|
|
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding
|
|
|
|
|
|
Series 2011:
|
|
|
|
|
1,500
|
6.000%, 11/01/28
|
11/21 at 100.00
|
A+
|
1,661,025
|
|
3,910
|
6.250%, 11/01/31
|
11/21 at 100.00
|
A+
|
4,346,434
|
|
1,015
|
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System
|
12/21 at 100.00
|
Baa1
|
1,072,632
|
|
|
Obligated Group, Series 2012, 5.000%, 12/01/35
|
|
|
|
|
4,635
|
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System
|
12/27 at 100.00
|
Baa1
|
5,233,101
|
|
|
Obligated Group, Series 2017A, 5.000%, 12/01/42
|
|
|
|
|
900
|
Grand Forks, North Dakota, Senior Housing & Nursing Facilities Revenue Bonds, Valley
|
12/26 at 100.00
|
N/R
|
936,810
|
|
|
Homes and Services Obligated Group, Series 2017, 5.000%, 12/01/36
|
|
|
|
|
500
|
Grand Forks, North Dakota, Senior Housing and Nursing Facilities Revenue Bonds, Valley
|
No Opt. Call
|
N/R
|
537,965
|
|
|
Homes Obligated Group, Series 2016A, 5.125%, 12/01/24
|
|
|
|
|
|
Ward County Health Care, North Dakota, Revenue Bonds, Trinity Obligated Group,
|
|
|
|
|
|
Series 2017C:
|
|
|
|
|
11,065
|
5.000%, 6/01/43
|
6/28 at 100.00
|
BBB–
|
12,158,554
|
|
2,610
|
5.000%, 6/01/48
|
6/28 at 100.00
|
BBB–
|
2,852,312
|
|
1,420
|
Williston, North Dakota, Multifamily Housing Revenue Bonds, Eagle Crest Apartments LLC
|
9/23 at 100.00
|
N/R
|
568,000
|
|
|
Project, Series 2013, 7.750%, 9/01/38, (7)
|
|
|
|
|
32,635
|
Total North Dakota
|
|
|
34,869,997
|
|
|
Ohio – 9.1% (5.8% of Total Investments)
|
|
|
|
|
|
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities
|
|
|
|
|
|
Revenue Bonds, Summa Health System, Refunding & Improvement Series 2016:
|
|
|
|
|
3,020
|
5.250%, 11/15/41
|
11/26 at 100.00
|
Baa2
|
3,425,375
|
|
8,255
|
5.250%, 11/15/46
|
11/26 at 100.00
|
Baa2
|
9,350,604
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Ohio (continued)
|
|
|
|
|
$ 320
|
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Revenue Bonds,
|
5/22 at 100.00
|
A1
|
$ 340,810
|
|
|
Children’s Hospital Medical Center, Improvement & Refunding Series 2012, 5.000%, 11/15/42
|
|
|
|
|
|
Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Health Partners,
|
|
|
|
|
|
Refunding and Improvement Series 2012A:
|
|
|
|
|
860
|
4.000%, 5/01/33
|
5/22 at 100.00
|
A2
|
887,554
|
|
650
|
5.000%, 5/01/33
|
5/22 at 100.00
|
A2
|
699,140
|
|
800
|
5.000%, 5/01/42
|
5/22 at 100.00
|
A2
|
850,928
|
|
10,990
|
Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Refunding &
|
11/24 at 100.00
|
A2
|
12,011,850
|
|
|
Improvement Series 2015A, 5.000%, 11/01/43
|
|
|
|
|
8,655
|
Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Series 2017A,
|
2/28 at 100.00
|
A2
|
9,152,662
|
|
|
4.000%, 8/01/38
|
|
|
|
|
2,750
|
Bowling Green State University, Ohio, General Receipts Bonds, Series 2017B,
|
6/27 at 100.00
|
A+
|
3,152,903
|
|
|
5.000%, 6/01/42
|
|
|
|
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
|
|
|
|
|
Revenue Bonds, Senior Lien, Series 2007A-2:
|
|
|
|
|
8,365
|
5.125%, 6/01/24
|
5/19 at 100.00
|
Caa3
|
7,863,351
|
|
4,370
|
5.375%, 6/01/24
|
5/19 at 100.00
|
Caa3
|
4,145,426
|
|
22,350
|
5.875%, 6/01/30
|
5/19 at 100.00
|
Caa3
|
21,400,125
|
|
37,190
|
5.750%, 6/01/34
|
5/19 at 100.00
|
Caa3
|
35,305,211
|
|
14,555
|
6.000%, 6/01/42
|
5/19 at 100.00
|
B–
|
14,343,952
|
|
33,485
|
5.875%, 6/01/47
|
5/19 at 100.00
|
B–
|
31,811,420
|
|
1,500
|
6.500%, 6/01/47
|
5/19 at 100.00
|
B–
|
1,496,430
|
|
14,570
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
Caa1
|
14,382,921
|
|
|
Revenue Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37
|
|
|
|
|
6,000
|
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010, 5.250%,
|
11/20 at 100.00
|
A (4)
|
6,313,560
|
|
|
11/01/29 (Pre-refunded 11/01/20)
|
|
|
|
|
|
Cleveland Heights-University Heights City School District, Ohio, General Obligation
|
|
|
|
|
|
Bonds, School Improvement Series 2014:
|
|
|
|
|
7,060
|
5.000%, 12/01/51
|
6/23 at 100.00
|
A1
|
7,679,162
|
|
10,480
|
5.000%, 12/01/51 (Pre-refunded 6/01/23)
|
6/23 at 100.00
|
N/R (4)
|
11,833,282
|
|
5,165
|
Cuyahoga Community College District, Ohio, General Obligation Bonds, Facilities
|
6/26 at 100.00
|
AA
|
5,539,617
|
|
|
Construction & Improvement Series 2018, 4.000%, 12/01/38
|
|
|
|
|
5,975
|
Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center
|
6/23 at 100.00
|
Baa3
|
6,179,405
|
|
|
Project, Series 2013, 5.000%, 6/15/43
|
|
|
|
|
1,465
|
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,
|
5/22 at 100.00
|
Aa2
|
1,566,539
|
|
|
Improvement Series 2012A, 5.000%, 11/01/42
|
|
|
|
|
6,345
|
Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Series 2011A,
|
11/21 at 100.00
|
Aa2
|
6,756,854
|
|
|
5.000%, 11/15/41
|
|
|
|
|
|
Hamilton County, Ohio, Healthcare Revenue Bonds, Life Enriching Communities Project,
|
|
|
|
|
|
Series 2017A:
|
|
|
|
|
1,500
|
5.000%, 1/01/47
|
1/27 at 100.00
|
BBB–
|
1,577,850
|
|
1,120
|
5.000%, 1/01/52
|
1/27 at 100.00
|
BBB–
|
1,174,387
|
|
|
Hamilton County, Ohio, Healthcare Revenue Bonds, Life Enriching Communities, Refunding &
|
|
|
|
|
|
Improvement Series 2016:
|
|
|
|
|
3,425
|
5.000%, 1/01/46
|
1/26 at 100.00
|
BBB–
|
3,584,674
|
|
6,000
|
5.000%, 1/01/51
|
1/26 at 100.00
|
BBB–
|
6,261,960
|
|
6,920
|
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien
|
1/23 at 100.00
|
Aa3
|
7,583,282
|
|
|
Series 2013A, 5.000%, 1/01/38
|
|
|
|
|
14,850
|
JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds,
|
1/23 at 100.00
|
Aa3
|
16,273,373
|
|
|
Senior Lien Series 2013A, 5.000%, 1/01/38 (UB), (6)
|
|
|
|
|
|
JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds,
|
|
|
|
|
|
Tender Option Bond Trust 2016-XG0052:
|
|
|
|
|
875
|
11.599%, 1/01/38, 144A (IF), (6)
|
1/23 at 100.00
|
Aa3
|
1,210,475
|
|
1,050
|
11.599%, 1/01/38, 144A (IF), (6)
|
1/23 at 100.00
|
Aa3
|
1,452,570
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Ohio (continued)
|
|
|
|
|
$ 2,305
|
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series
|
11/21 at 100.00
|
BBB (4)
|
$ 2,553,018
|
|
|
2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21)
|
|
|
|
|
5,000
|
Miami County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Network
|
8/28 at 100.00
|
A2
|
5,734,200
|
|
|
Obligated Group Project, Refunding Improvement Series 2019, 5.000%, 8/01/45
|
|
|
|
|
6,000
|
Middletown City School District, Butler County, Ohio, General Obligation Bonds,
|
No Opt. Call
|
A2
|
7,558,800
|
|
|
Refunding Series 2007, 5.250%, 12/01/31 – AGM Insured
|
|
|
|
|
4,105
|
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,
|
6/19 at 100.00
|
BBB+
|
4,153,521
|
|
|
5.000%, 5/01/30
|
|
|
|
|
21,000
|
Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Refunding
|
11/24 at 100.00
|
AA+
|
23,716,350
|
|
|
& Improvement Series 2014, 5.000%, 11/15/49
|
|
|
|
|
9,365
|
Ohio Higher Educational Facility Commission, Revenue Bonds, University of Dayton, Series
|
6/28 at 100.00
|
A2
|
10,828,843
|
|
|
2018A, 5.000%, 12/01/48
|
|
|
|
|
19,515
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien
|
2/23 at 100.00
|
Aa3
|
21,214,756
|
|
|
Series 2013A-1, 5.000%, 2/15/48
|
|
|
|
|
7,550
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien
|
2/31 at 100.00
|
A+
|
7,975,971
|
|
|
Convertible Series 2013A-3, 5.800%, 2/15/36, (5)
|
|
|
|
|
9,000
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien
|
2/28 at 100.00
|
A+
|
9,462,420
|
|
|
Series 2018A, 4.000%, 2/15/46
|
|
|
|
|
|
Southeastern Ohio Port Authority, Hospital Facilities Revenue Bonds, Memorial Health
|
|
|
|
|
|
System Obligated Group Project, Refunding and Improvement Series 2012:
|
|
|
|
|
135
|
5.750%, 12/01/32
|
12/22 at 100.00
|
BB–
|
145,660
|
|
130
|
6.000%, 12/01/42
|
12/22 at 100.00
|
BB–
|
138,395
|
|
4,190
|
Springboro Community City School District, Warren County, Ohio, General Obligation
|
No Opt. Call
|
Aa3
|
5,113,769
|
|
|
Bonds, Refunding Series 2007, 5.250%, 12/01/26 – AGM Insured
|
|
|
|
|
3,670
|
Tuscarawas County Economic Development and Finance Alliance, Ohio, Higher Education
|
3/25 at 100.00
|
N/R
|
3,843,885
|
|
|
Facilities Revenue Bonds, Ashland University, Refunding & Improvement Series 2015,
|
|
|
|
|
|
6.000%, 3/01/45
|
|
|
|
|
342,880
|
Total Ohio
|
|
|
358,047,240
|
|
|
Oklahoma – 0.3% (0.2% of Total Investments)
|
|
|
|
|
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine
|
|
|
|
|
|
Project, Series 2018B:
|
|
|
|
|
2,205
|
5.250%, 8/15/48
|
8/28 at 100.00
|
BB+
|
2,503,910
|
|
4,080
|
5.500%, 8/15/52
|
8/28 at 100.00
|
BB+
|
4,698,569
|
|
3,190
|
5.500%, 8/15/57
|
8/28 at 100.00
|
BB+
|
3,661,322
|
|
1,125
|
Tulsa County Industrial Authority, Oklahoma, Senior Living Community Revenue Bonds,
|
11/25 at 102.00
|
BBB–
|
1,267,639
|
|
|
Montereau, Inc. Project, Refunding Series 2017, 5.250%, 11/15/37
|
|
|
|
|
10,600
|
Total Oklahoma
|
|
|
12,131,440
|
|
|
Oregon – 1.0% (0.7% of Total Investments)
|
|
|
|
|
|
Clackamas Community College District, Oregon, General Obligation Bonds, Deferred
|
|
|
|
|
|
Interest Series 2017A:
|
|
|
|
|
760
|
5.000%, 6/15/38, (5)
|
6/27 at 100.00
|
Aa1
|
837,003
|
|
2,750
|
5.000%, 6/15/39, (5)
|
6/27 at 100.00
|
Aa1
|
3,025,632
|
|
|
Columbia County School District 502 Saint Helens, Oregon, General Obligation Bonds,
|
|
|
|
|
|
Series 2017:
|
|
|
|
|
1,310
|
5.000%, 6/15/38
|
6/27 at 100.00
|
Aa1
|
1,543,468
|
|
1,705
|
5.000%, 6/15/39
|
6/27 at 100.00
|
Aa1
|
2,005,592
|
|
7,420
|
Oregon Facilities Authority, Revenue Bonds, Legacy Health Project, Series 2016A,
|
6/26 at 100.00
|
A+
|
8,368,573
|
|
|
5.000%, 6/01/46
|
|
|
|
|
|
Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services, Refunding
|
|
|
|
|
|
Series 2016A:
|
|
|
|
|
6,240
|
5.000%, 10/01/35
|
10/26 at 100.00
|
BBB+
|
6,954,667
|
|
2,260
|
5.000%, 10/01/46
|
10/26 at 100.00
|
BBB+
|
2,481,435
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Oregon (continued)
|
|
|
|
|
$ 8,890
|
Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Senior Lien
|
11/23 at 100.00
|
Aa1
|
$ 9,980,270
|
|
|
Series 2013A, 5.000%, 11/15/38
|
|
|
|
|
5,265
|
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Hospital Project,
|
5/26 at 100.00
|
A+
|
5,923,915
|
|
|
Refunding Series 2016A, 5.000%, 5/15/46
|
|
|
|
|
36,600
|
Total Oregon
|
|
|
41,120,555
|
|
|
Pennsylvania – 6.3% (4.0% of Total Investments)
|
|
|
|
|
15,000
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny
|
4/28 at 100.00
|
A
|
17,109,750
|
|
|
Health Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/47
|
|
|
|
|
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University
|
|
|
|
|
|
of Pittsburgh Medical Center, Series 2009A:
|
|
|
|
|
1,250
|
5.500%, 8/15/34
|
8/19 at 100.00
|
A+
|
1,262,575
|
|
3,000
|
5.625%, 8/15/39
|
8/19 at 100.00
|
A+
|
3,028,890
|
|
|
Bethlehem Authority, Northampton and Lehigh Counties, Pennsylvania, Guaranteed Water
|
|
|
|
|
|
Revenue Bonds, Series 1998:
|
|
|
|
|
3,125
|
0.000%, 5/15/22 – AGM Insured
|
No Opt. Call
|
A2
|
2,918,687
|
|
3,125
|
0.000%, 5/15/23 – AGM Insured
|
No Opt. Call
|
A2
|
2,847,969
|
|
3,135
|
0.000%, 5/15/24 – AGM Insured
|
No Opt. Call
|
A2
|
2,783,911
|
|
3,155
|
0.000%, 5/15/26 – AGM Insured
|
No Opt. Call
|
A2
|
2,655,406
|
|
4,145
|
0.000%, 11/15/26 – AGM Insured
|
No Opt. Call
|
A2
|
3,443,086
|
|
2,800
|
0.000%, 5/15/28 – AGM Insured
|
No Opt. Call
|
A2
|
2,218,384
|
|
3,000
|
0.000%, 11/15/28 – AGM Insured
|
No Opt. Call
|
A2
|
2,341,590
|
|
1,200
|
Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany
|
11/27 at 100.00
|
A
|
1,375,368
|
|
|
Medical Center Project, Series 2018A, 5.000%, 11/15/42
|
|
|
|
|
|
Chester County Health and Education Facilities Authority, Pennsylvania, Health System
|
|
|
|
|
|
Revenue Bonds, Jefferson Health System, Series 2010A:
|
|
|
|
|
1,835
|
5.000%, 5/15/40
|
5/20 at 100.00
|
AA
|
1,882,160
|
|
5,165
|
5.000%, 5/15/40 (Pre-refunded 5/15/20)
|
5/20 at 100.00
|
N/R (4)
|
5,342,521
|
|
895
|
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master
|
6/28 at 100.00
|
A
|
1,052,287
|
|
|
Settlement, Series 2018, 5.000%, 6/01/34
|
|
|
|
|
2,150
|
Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle
|
6/22 at 100.00
|
A+
|
2,288,438
|
|
|
Health System Project, Series 2012A, 5.000%, 6/01/42
|
|
|
|
|
190
|
Delaware County Industrial Development Authority, Pennsylvania, Resource Recovery
|
6/19 at 100.00
|
Ba1
|
190,519
|
|
|
Revenue Refunding Bonds, Series 1997A, 6.200%, 7/01/19
|
|
|
|
|
26,595
|
Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System
|
7/27 at 100.00
|
A
|
30,965,356
|
|
|
Revenue Bonds, Series 2017, 5.000%, 7/01/42
|
|
|
|
|
3,500
|
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series
|
1/20 at 100.00
|
AA (4)
|
3,580,080
|
|
|
2010E, 5.000%, 1/01/40 (Pre-refunded 1/01/20) – AGM Insured
|
|
|
|
|
1,050
|
Delaware Valley Regional Finance Authority, Pennsylvania, Local Government Revenue
|
No Opt. Call
|
A1
|
1,305,003
|
|
|
Bonds, Series 1997B, 5.700%, 7/01/27 – AMBAC Insured
|
|
|
|
|
4,000
|
Erie Water Authority, Erie County, Pennsylvania, Water Revenue Bonds, Series 2011A,
|
12/21 at 100.00
|
A2
|
4,140,960
|
|
|
4.625%, 12/01/44 – AGM Insured
|
|
|
|
|
4,915
|
Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, United Zion Retirement
|
6/27 at 100.00
|
N/R
|
4,980,025
|
|
|
Community, Series 2017A, 5.000%, 12/01/47
|
|
|
|
|
|
Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown
|
|
|
|
|
|
Concession, Capital Appreciation Series 2013B:
|
|
|
|
|
4,480
|
0.000%, 12/01/31
|
No Opt. Call
|
A
|
2,952,275
|
|
5,180
|
0.000%, 12/01/32
|
No Opt. Call
|
A
|
3,268,891
|
|
9,270
|
Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown
|
12/23 at 100.00
|
A
|
10,323,165
|
|
|
Concession, Series 2013A, 5.125%, 12/01/47
|
|
|
|
|
5,410
|
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds,
|
9/28 at 100.00
|
A2
|
6,182,710
|
|
|
Thomas Jefferson University, Series 2018A, 5.000%, 9/01/48
|
|
|
|
|
5,000
|
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue
|
1/25 at 100.00
|
Ba1
|
5,464,300
|
|
|
Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Pennsylvania (continued)
|
|
|
|
|
$ 4,710
|
Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS
|
11/26 at 100.00
|
A–
|
$ 5,286,598
|
|
|
Retirement-Life Communities, Inc. Obligated Group, Series 2016, 5.000%, 11/15/36
|
|
|
|
|
630
|
Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue
|
6/19 at 100.00
|
N/R
|
189,062
|
|
|
Bonds, Northampton Generating Project, Senior Lien Series 2013A0 & AE2, 1.500%, 12/31/23
|
|
|
|
|
133
|
Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue
|
No Opt. Call
|
N/R
|
39,988
|
|
|
Bonds, Northampton Generating Project, Senior Lien Taxable Series 2013B, 5.000%, 12/31/23
|
|
|
|
|
|
(cash 5.000%, PIK 5.000%)
|
|
|
|
|
1,700
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, AICUP Financing
|
11/22 at 100.00
|
Ba1
|
1,596,640
|
|
|
Program-Delaware Valley College of Science and Agriculture Project, Series 2012 LL1,
|
|
|
|
|
|
4.000%, 11/01/32
|
|
|
|
|
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue
|
|
|
|
|
|
Bonds, Subordinate Series 2010A1&2:
|
|
|
|
|
1,250
|
5.500%, 12/01/34 (Pre-refunded 12/01/20)
|
12/20 at 100.00
|
N/R (4)
|
1,325,763
|
|
5,725
|
5.500%, 12/01/34 (Pre-refunded 12/01/20)
|
12/20 at 100.00
|
A2 (4)
|
6,071,992
|
|
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue
|
|
|
|
|
|
Bonds, Subordinate Series 2011B:
|
|
|
|
|
965
|
5.000%, 12/01/41
|
12/21 at 100.00
|
A2
|
1,019,214
|
|
1,035
|
5.000%, 12/01/41 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
N/R (4)
|
1,123,327
|
|
3,115
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue
|
12/22 at 100.00
|
A2
|
3,343,174
|
|
|
Bonds, Subordinate Series 2013A, 5.000%, 12/01/36
|
|
|
|
|
16,805
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series
|
12/27 at 100.00
|
A
|
21,313,613
|
|
|
2009E, 6.375%, 12/01/38
|
|
|
|
|
5,575
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015B, 5.000%, 12/01/45
|
12/25 at 100.00
|
A1
|
6,289,882
|
|
6,340
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2016A-1,
|
6/26 at 100.00
|
A1
|
7,217,139
|
|
|
5.000%, 12/01/41
|
|
|
|
|
19,250
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C,
|
6/26 at 100.00
|
A2
|
24,105,620
|
|
|
6.250%, 6/01/33 – AGM Insured
|
|
|
|
|
1,445
|
Philadelphia Authority for Industrial Development Senior Living Facilities,
|
7/27 at 100.00
|
BB
|
1,508,883
|
|
|
Pennsylvania, Revenue Bonds, Wesley Enhanced Living Obligated Group, Series 2017A,
|
|
|
|
|
|
5.000%, 7/01/37
|
|
|
|
|
505
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital
|
7/22 at 100.00
|
Ba1
|
543,289
|
|
|
Revenue Bonds, Temple University Health System Obligated Group, Series 2012A, 5.625%, 7/01/42
|
|
|
|
|
26,765
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health
|
5/20 at 100.00
|
N/R (4)
|
27,684,913
|
|
|
System Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40
|
|
|
|
|
|
(Pre-refunded 5/15/20)
|
|
|
|
|
1,425
|
Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2011, 6.500%,
|
8/20 at 100.00
|
A– (4)
|
1,509,745
|
|
|
8/01/41 (Pre-refunded 8/01/20)
|
|
|
|
|
3,410
|
Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 1997A, 5.125%,
|
No Opt. Call
|
A1 (4)
|
4,216,363
|
|
|
8/01/27 – AMBAC Insured (ETM)
|
|
|
|
|
3,415
|
Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Sales Tax
|
8/20 at 100.00
|
A1
|
3,536,096
|
|
|
Revenue Bonds, Refunding Series 2010, 5.000%, 2/01/31 – AGM Insured
|
|
|
|
|
1,125
|
Scranton, Pennsylvania, Sewer Authority Revenue Bonds, Series 2011A, 5.250%, 12/01/31
|
12/21 at 100.00
|
AA (4)
|
1,229,580
|
|
|
(Pre-refunded 12/01/21) – AGM Insured
|
|
|
|
|
1,930
|
Susquehanna Area Regional Airport Authority, Pennsylvania, Airport System Revenue Bonds,
|
1/23 at 100.00
|
BB+
|
1,972,692
|
|
|
Series 2012B, 4.000%, 1/01/33
|
|
|
|
|
229,823
|
Total Pennsylvania
|
|
|
247,027,879
|
|
|
Puerto Rico – 0.4% (0.2% of Total Investments)
|
|
|
|
|
625
|
Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2005SS,
|
6/19 at 100.00
|
D
|
631,931
|
|
|
5.000%, 7/01/25 – NPFG Insured
|
|
|
|
|
1,000
|
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007VV, 5.250%,
|
No Opt. Call
|
D
|
1,067,440
|
|
|
7/01/24 – NATIONAL PUB Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Puerto Rico (continued)
|
|
|
|
|
$ 1,305
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2005L,
|
No Opt. Call
|
Baa2
|
$ 1,382,739
|
|
|
5.250%, 7/01/23 – NPFG Insured
|
|
|
|
|
1,000
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N,
|
No Opt. Call
|
C
|
1,096,650
|
|
|
5.250%, 7/01/31 – AMBAC Insured
|
|
|
|
|
4,300
|
Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003,
|
6/19 at 100.00
|
A2
|
4,470,624
|
|
|
4.500%, 12/01/23
|
|
|
|
|
35,439
|
Puerto Rico Urgent Interest Fund Corp (COFINA), National Custodial Taxable Trust Unit,
|
No Opt. Call
|
N/R
|
6,847,244
|
|
|
Series 2007A Sr. Bond, 0.000%, 8/01/54, (8)
|
|
|
|
|
43,669
|
Total Puerto Rico
|
|
|
15,496,628
|
|
|
Rhode Island – 0.6% (0.4% of Total Investments)
|
|
|
|
|
1,315
|
Rhode Island Health and Educational Building Corporation, Hospital Financing Revenue
|
5/26 at 100.00
|
BBB+
|
1,459,006
|
|
|
Bonds, Lifespan Obligated Group, Refunding Series 2016, 5.000%, 5/15/39
|
|
|
|
|
174,391
|
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed
|
5/19 at 14.18
|
CCC+
|
17,936,011
|
|
|
Bonds, Series 2007A, 0.000%, 6/01/52
|
|
|
|
|
2,235
|
Rhode Island Turnpike and Bridge Authority, Motor Fuel Tax Revenue Bonds, Series 2016A,
|
4/26 at 100.00
|
A
|
2,535,161
|
|
|
5.000%, 10/01/40
|
|
|
|
|
177,941
|
Total Rhode Island
|
|
|
21,930,178
|
|
|
South Carolina – 3.7% (2.4% of Total Investments)
|
|
|
|
|
3,050
|
Charleston County Airport District, South Carolina, Airport Revenue Bonds, Series 2019,
|
7/29 at 100.00
|
A+
|
3,643,286
|
|
|
5.000%, 7/01/43
|
|
|
|
|
|
Lexington County Health Services District, Inc., South Carolina, Hospital Revenue Bonds,
|
|
|
|
|
|
Lexington Medical Center, Series 2016:
|
|
|
|
|
1,290
|
5.000%, 11/01/41
|
5/26 at 100.00
|
A
|
1,419,413
|
|
6,820
|
5.000%, 11/01/46
|
5/26 at 100.00
|
A
|
7,503,569
|
|
|
Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2004A-2:
|
|
|
|
|
26,955
|
0.000%, 1/01/31 – AMBAC Insured
|
No Opt. Call
|
A–
|
18,970,660
|
|
15,420
|
0.000%, 1/01/32 – AMBAC Insured
|
No Opt. Call
|
A–
|
10,383,982
|
|
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, McLeod
|
|
|
|
|
|
Health Projects, Refunding & Improvement Series 2018:
|
|
|
|
|
19,130
|
5.000%, 11/01/43
|
5/28 at 100.00
|
AA–
|
22,108,732
|
|
6,000
|
5.000%, 11/01/48
|
5/28 at 100.00
|
AA–
|
6,920,820
|
|
375
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto
|
8/21 at 100.00
|
AA (4)
|
415,301
|
|
|
Health, Refunding Series 2011A, 6.500%, 8/01/39 (Pre-refunded 8/01/21) – AGM Insured
|
|
|
|
|
10,000
|
South Carolina Public Service Authority Santee Cooper Revenue Obligations, Refunding
|
12/26 at 100.00
|
A+
|
11,218,200
|
|
|
Series 2016B, 5.000%, 12/01/56
|
|
|
|
|
20,035
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding &
|
6/25 at 100.00
|
A–
|
22,170,931
|
|
|
Improvement Series 2015A, 5.000%, 12/01/50
|
|
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding
|
|
|
|
|
|
Series 2014C:
|
|
|
|
|
3,850
|
5.000%, 12/01/39
|
12/24 at 100.00
|
A–
|
4,254,558
|
|
4,000
|
5.000%, 12/01/46
|
12/24 at 100.00
|
A–
|
4,405,880
|
|
6,790
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series
|
12/23 at 100.00
|
A–
|
7,411,557
|
|
|
2013A, 5.125%, 12/01/43
|
|
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations,
|
|
|
|
|
|
Series 2014A:
|
|
|
|
|
2,000
|
5.000%, 12/01/49
|
6/24 at 100.00
|
A–
|
2,182,680
|
|
17,240
|
5.500%, 12/01/54
|
6/24 at 100.00
|
A+
|
19,153,295
|
|
4,500
|
Spartanburg Regional Health Services District, Inc., South Carolina, Hospital Refunding
|
4/22 at 100.00
|
A3
|
4,792,905
|
|
|
Revenue Bonds, Series 2012A, 5.000%, 4/15/32
|
|
|
|
|
147,455
|
Total South Carolina
|
|
|
146,955,769
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
South Dakota – 0.9% (0.6% of Total Investments)
|
|
|
|
|
|
Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project,
|
|
|
|
|
|
Series 2017:
|
|
|
|
|
$ 3,000
|
5.000%, 11/01/42
|
11/26 at 100.00
|
BB
|
$ 3,075,360
|
|
3,150
|
5.125%, 11/01/47
|
11/26 at 100.00
|
BB
|
3,241,791
|
|
8,800
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health
|
7/24 at 100.00
|
A1
|
9,602,384
|
|
|
System, Series 2014, 5.000%, 7/01/44
|
|
|
|
|
4,930
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health,
|
7/27 at 100.00
|
A1
|
5,564,984
|
|
|
Refunding Series 2017, 5.000%, 7/01/46
|
|
|
|
|
3,565
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health,
|
11/24 at 100.00
|
A+
|
3,924,851
|
|
|
Series 2014B, 5.000%, 11/01/44
|
|
|
|
|
8,260
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health,
|
11/25 at 100.00
|
A+
|
9,113,010
|
|
|
Series 2015, 5.000%, 11/01/45
|
|
|
|
|
31,705
|
Total South Dakota
|
|
|
34,522,380
|
|
|
Tennessee – 1.1% (0.7% of Total Investments)
|
|
|
|
|
10,670
|
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds,
|
1/23 at 100.00
|
BBB+
|
11,473,131
|
|
|
Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45
|
|
|
|
|
2,180
|
Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds,
|
7/28 at 100.00
|
A
|
2,538,785
|
|
|
Ballad Health, Series 2018A, 5.000%, 7/01/35
|
|
|
|
|
2,065
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds,
|
8/22 at 100.00
|
Baa1
|
2,180,970
|
|
|
Mountain States Health Alliance, Series 2012A, 5.000%, 8/15/42
|
|
|
|
|
95
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue
|
7/23 at 100.00
|
N/R (4)
|
95,433
|
|
|
Refunding and Improvement Bonds, Johnson City Medical Center, Series 1998C, 5.125%, 7/01/25
|
|
|
|
|
|
(Pre-refunded 7/01/23) – NPFG Insured
|
|
|
|
|
|
Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds,
|
|
|
|
|
|
University Health System, Inc., Series 2016:
|
|
|
|
|
5,000
|
5.000%, 9/01/36
|
9/26 at 100.00
|
BBB
|
5,583,350
|
|
1,000
|
5.000%, 9/01/47
|
9/26 at 100.00
|
BBB
|
1,102,900
|
|
|
Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds,
|
|
|
|
|
|
University Health System, Inc., Series 2017:
|
|
|
|
|
445
|
5.000%, 4/01/31
|
4/27 at 100.00
|
BBB
|
500,403
|
|
1,745
|
5.000%, 4/01/36
|
4/27 at 100.00
|
BBB
|
1,933,320
|
|
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities
|
|
|
|
|
|
Board, Tennessee, Revenue Bonds, Lipscomb University, Refunding & Improvement Series 2016A:
|
|
|
|
|
2,225
|
5.000%, 10/01/41
|
10/26 at 100.00
|
BBB
|
2,477,093
|
|
1,000
|
5.000%, 10/01/45
|
10/26 at 100.00
|
BBB
|
1,110,450
|
|
11,000
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities
|
7/26 at 100.00
|
Aa1
|
12,292,170
|
|
|
Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A,
|
|
|
|
|
|
5.000%, 7/01/46
|
|
|
|
|
2,120
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities
|
No Opt. Call
|
N/R
|
2,154,174
|
|
|
Board, Tennessee, Revenue Refunding and Improvement Bonds, Meharry Medical College, Series
|
|
|
|
|
|
1996, 6.000%, 12/01/19 – AMBAC Insured
|
|
|
|
|
39,545
|
Total Tennessee
|
|
|
43,442,179
|
|
|
Texas – 12.6% (8.0% of Total Investments)
|
|
|
|
|
18,000
|
Arlington, Texas, Special Tax Revenue Bonds, Senior Lien Series 2018A, 5.000%, 2/15/48 –
|
2/28 at 100.00
|
A1
|
20,854,980
|
|
|
AGM Insured
|
|
|
|
|
14,615
|
Austin, Texas, Electric Utility System Revenue Bonds, Refunding Series 2015A, 5.000%,
|
11/25 at 100.00
|
Aa3
|
16,599,425
|
|
|
11/15/45 (UB), (6)
|
|
|
|
|
3,035
|
Bexar County, Texas, Venue Project Revenue Bonds, Refunding Combined Venue Tax Series
|
8/19 at 100.00
|
A–
|
3,066,261
|
|
|
2010, 5.500%, 8/15/49 – AGM Insured
|
|
|
|
|
2,500
|
Capital Area Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
4/20 at 100.00
|
Baa1
|
2,585,625
|
|
|
The Roman Catholic Diocese of Austin, Series 2005B Remarketed, 6.125%, 4/01/45
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
$ 1,000
|
Cedar Hill Independent School District, Dallas County, Texas, General Obligation Bonds,
|
No Opt. Call
|
Baa2
|
$ 671,840
|
|
|
Refunding Series 2002, 0.000%, 8/15/32 – FGIC Insured
|
|
|
|
|
1,330
|
Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien Series
|
1/23 at 100.00
|
A–
|
1,431,931
|
|
|
2013A, 5.000%, 1/01/43
|
|
|
|
|
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011:
|
|
|
|
|
2,080
|
5.750%, 1/01/31 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
Baa1 (4)
|
2,215,803
|
|
1,000
|
6.000%, 1/01/41 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
Baa1 (4)
|
1,069,370
|
|
6,940
|
6.250%, 1/01/46 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
Baa1 (4)
|
7,449,743
|
|
7,750
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A,
|
7/25 at 100.00
|
Baa1
|
8,601,647
|
|
|
5.000%, 1/01/45
|
|
|
|
|
|
Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift
|
|
|
|
|
|
Education Charter School, Series 2013A:
|
|
|
|
|
1,925
|
4.350%, 12/01/42
|
12/22 at 100.00
|
BBB–
|
1,938,899
|
|
1,000
|
4.400%, 12/01/47
|
12/22 at 100.00
|
BBB–
|
1,006,880
|
|
2,500
|
Comal Independent School District, Comal, Bexar, Guadalupe, Hays, and Kendall Counties,
|
No Opt. Call
|
Aaa
|
2,329,900
|
|
|
Texas, General Obligation Bonds, Series 2005A, 0.000%, 2/01/23
|
|
|
|
|
6,340
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding &
|
11/21 at 100.00
|
A+
|
6,745,570
|
|
|
Improvement Series 2012C, 5.000%, 11/01/45
|
|
|
|
|
160
|
Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series
|
9/24 at 100.00
|
BBB–
|
173,027
|
|
|
2014A, 5.250%, 9/01/44
|
|
|
|
|
3,700
|
El Paso Independent School District, El Paso County, Texas, General Obligation Bonds,
|
8/26 at 100.00
|
Aaa
|
4,251,226
|
|
|
School Building Series 2017, 5.000%, 8/15/42
|
|
|
|
|
1,500
|
El Paso, Texas, Airport Revenue Bonds, El Paso International Airport Series 2011,
|
8/20 at 100.00
|
A
|
1,561,410
|
|
|
5.250%, 8/15/33
|
|
|
|
|
16,920
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate
|
10/23 at 100.00
|
AA
|
18,287,813
|
|
|
Lien Series 2013B, 5.000%, 4/01/53
|
|
|
|
|
5,295
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate
|
4/28 at 100.00
|
AA
|
6,209,764
|
|
|
Lien Series 2018A Tela Supported, 5.000%, 10/01/48
|
|
|
|
|
15,000
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Series
|
10/23 at 100.00
|
AA
|
16,212,600
|
|
|
2013B, 5.000%, 11/01/44 (UB), (6)
|
|
|
|
|
6,610
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Tender
|
10/23 at 100.00
|
AA
|
8,748,137
|
|
|
Option Bond Trust 2015-XF0228, 11.720%, 4/01/53, 144A (IF), (6)
|
|
|
|
|
|
Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
|
|
|
|
|
Houston Methodist Hospital System, Series 2015:
|
|
|
|
|
2,845
|
4.000%, 12/01/45
|
6/25 at 100.00
|
AA
|
2,946,111
|
|
2,320
|
5.000%, 12/01/45
|
6/25 at 100.00
|
AA
|
2,600,558
|
|
|
Harris County, Texas, Toll Road Revenue Bonds, Refunding Senior Lien Series 2018A:
|
|
|
|
|
13,890
|
5.000%, 8/15/43
|
2/28 at 100.00
|
Aa2
|
16,362,003
|
|
2,000
|
4.000%, 8/15/48
|
2/28 at 100.00
|
Aa2
|
2,128,760
|
|
4,040
|
Harris County, Texas, Toll Road Revenue Bonds, Subordinate Lien Unlimited Tax Tender
|
No Opt. Call
|
AAA
|
7,413,885
|
|
|
Options Bond Trust 2015-XF2184, 9.960%, 8/15/28 – AGM Insured, 144A (IF), (6)
|
|
|
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Capital Appreciation
|
|
|
|
|
|
Refunding Senior Lien Series 2014A:
|
|
|
|
|
1,195
|
0.000%, 11/15/41 – AGM Insured
|
11/31 at 62.66
|
A2
|
487,118
|
|
2,390
|
0.000%, 11/15/42 – AGM Insured
|
11/31 at 59.73
|
A2
|
929,423
|
|
2,660
|
0.000%, 11/15/43 – AGM Insured
|
11/31 at 56.93
|
A2
|
984,865
|
|
7,260
|
0.000%, 11/15/44 – AGM Insured
|
11/31 at 54.25
|
A2
|
2,561,909
|
|
10,440
|
0.000%, 11/15/45 – AGM Insured
|
11/31 at 51.48
|
A2
|
3,492,076
|
|
7,165
|
0.000%, 11/15/49 – AGM Insured
|
11/31 at 41.91
|
A2
|
1,942,646
|
|
3,000
|
0.000%, 11/15/52 – AGM Insured
|
11/31 at 35.81
|
A2
|
692,730
|
|
3,885
|
Houston Independent School District Public Facility Corporation, Harris County, Texas, Lease
|
No Opt. Call
|
AA
|
3,860,175
|
|
|
Revenue Bonds, Cesar E Chavez High School, Series 1998A, 0.000%, 9/15/19 – AMBAC Insured
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
|
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018B:
|
|
|
|
|
$ 2,000
|
5.000%, 7/01/43
|
7/28 at 100.00
|
A1
|
$ 2,362,520
|
|
2,710
|
5.000%, 7/01/48
|
7/28 at 100.00
|
A1
|
3,188,098
|
|
4,550
|
Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2012B,
|
7/22 at 100.00
|
A
|
4,961,457
|
|
|
5.000%, 7/01/31
|
|
|
|
|
990
|
Houston, Texas, Airport System Revenue Bonds, Subordinate Lien Series 2000B, 5.450%,
|
No Opt. Call
|
A
|
1,132,778
|
|
|
7/01/24 – AGM Insured
|
|
|
|
|
6,000
|
Houston, Texas, Combined Utility System Revenue Bonds, First Lien Series 2011D,
|
11/21 at 100.00
|
AA
|
6,429,240
|
|
|
5.000%, 11/15/40
|
|
|
|
|
|
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and
|
|
|
|
|
|
Entertainment Project, Series 2001B:
|
|
|
|
|
1,495
|
0.000%, 9/01/23 – AGM Insured
|
No Opt. Call
|
A2
|
1,369,689
|
|
10,850
|
0.000%, 9/01/25 – AMBAC Insured
|
No Opt. Call
|
A
|
9,405,322
|
|
1,715
|
0.000%, 9/01/32 – AMBAC Insured
|
No Opt. Call
|
A
|
1,122,056
|
|
2,870
|
Hutto Independent School District, Williamson County, Texas, General Obligation Bonds,
|
8/21 at 100.00
|
A+
|
3,048,026
|
|
|
Refunding Series 2012A, 5.000%, 8/01/46
|
|
|
|
|
2,340
|
Laredo, Webb County, Texas, Waterworks and Sewer System Revenue Bonds, Series 2011,
|
3/21 at 100.00
|
Aa3
|
2,465,728
|
|
|
5.000%, 3/01/41 – AGM Insured
|
|
|
|
|
|
Leander Independent School District, Williamson and Travis Counties, Texas, General
|
|
|
|
|
|
Obligation Bonds, Refunding Series 2015A:
|
|
|
|
|
2,725
|
5.000%, 8/15/40
|
8/25 at 100.00
|
AAA
|
3,099,660
|
|
4,000
|
4.000%, 8/15/41
|
8/25 at 100.00
|
AAA
|
4,235,960
|
|
3,000
|
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,
|
11/20 at 100.00
|
BBB+
|
3,120,600
|
|
|
Southwest Airlines Company, Series 2010, 5.250%, 11/01/40
|
|
|
|
|
8,305
|
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA
|
5/25 at 100.00
|
A
|
9,365,050
|
|
|
Transmission Services Corporation Project, Refunding Series 2015, 5.000%, 5/15/45
|
|
|
|
|
|
McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013:
|
|
|
|
|
1,780
|
5.750%, 12/01/33
|
12/25 at 100.00
|
B1
|
1,914,586
|
|
1,800
|
6.125%, 12/01/38
|
12/25 at 100.00
|
B1
|
1,942,524
|
|
|
Midtown Redevelopment Authority, Texas, Tax Increment Contract Revenue, Refunding
|
|
|
|
|
|
Series 2017:
|
|
|
|
|
16,285
|
5.000%, 1/01/36
|
1/27 at 100.00
|
A3
|
18,404,656
|
|
10,040
|
5.000%, 1/01/38 – AGM Insured
|
1/27 at 100.00
|
A2
|
11,369,597
|
|
|
Montgomery County Toll Road Authority, Texas, Toll Road Revenue Bonds, Senior Lien
|
|
|
|
|
|
Series 2018:
|
|
|
|
|
2,100
|
5.000%, 9/15/43
|
9/25 at 100.00
|
BBB–
|
2,289,609
|
|
1,815
|
5.000%, 9/15/48
|
9/25 at 100.00
|
BBB–
|
1,974,992
|
|
850
|
New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility
|
11/24 at 102.00
|
BB+
|
911,634
|
|
|
Revenue Bonds, Methodist Retirement Communities Crestview Project, Series 2016,
|
|
|
|
|
|
5.000%, 11/15/31
|
|
|
|
|
4,290
|
North Fort Bend Water Authority, Texas, Water System Revenue Bonds, Series 2011, 5.000%,
|
12/21 at 100.00
|
A2
|
4,611,578
|
|
|
12/15/36 – AGM Insured
|
|
|
|
|
|
North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible
|
|
|
|
|
|
Capital Appreciation Series 2011C:
|
|
|
|
|
1,880
|
7.000%, 9/01/43 (Pre-refunded 9/01/31), (5)
|
9/31 at 100.00
|
N/R (4)
|
2,214,527
|
|
7,990
|
6.750%, 9/01/45 (Pre-refunded 9/01/31), (5)
|
9/31 at 100.00
|
N/R (4)
|
10,267,230
|
|
4,000
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital
|
1/25 at 100.00
|
A+
|
4,912,520
|
|
|
Appreciation Series 2008I, 6.500%, 1/01/43
|
|
|
|
|
2,125
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008D,
|
No Opt. Call
|
A1
|
1,750,214
|
|
|
0.000%, 1/01/28 – AGC Insured
|
|
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B:
|
|
|
|
|
10,260
|
5.000%, 1/01/40
|
1/23 at 100.00
|
A+
|
11,202,586
|
|
12,205
|
5.000%, 1/01/45
|
1/25 at 100.00
|
A+
|
13,648,485
|
|
5,000
|
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier Series 2018,
|
1/28 at 100.00
|
A
|
5,763,450
|
|
|
5.000%, 1/01/48
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier,
|
|
|
|
|
|
Series 2015A:
|
|
|
|
|
$ 6,285
|
5.000%, 1/01/33
|
1/25 at 100.00
|
A
|
$ 7,151,701
|
|
4,000
|
5.000%, 1/01/34
|
1/25 at 100.00
|
A
|
4,541,520
|
|
4,000
|
5.000%, 1/01/35
|
1/25 at 100.00
|
A
|
4,532,240
|
|
2,250
|
Red River Education Finance Corporation, Texas, Higher Education Revenue Bonds, Saint
|
6/26 at 100.00
|
Baa2
|
2,311,628
|
|
|
Edward’s University Project, Series 2016, 4.000%, 6/01/36
|
|
|
|
|
3,170
|
Southwest Higher Education Authority Inc., Texas, Revenue Bonds, Southern Methodist
|
10/20 at 100.00
|
AA– (4)
|
3,320,036
|
|
|
University, Series 2010, 5.000%, 10/01/41 (Pre-refunded 10/01/20)
|
|
|
|
|
2,410
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital
|
11/21 at 100.00
|
AA–
|
2,575,663
|
|
|
Revenue Bonds, Baylor Health Care System, Series 2011A, 5.000%, 11/15/30
|
|
|
|
|
3,480
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital
|
9/23 at 100.00
|
A
|
3,861,791
|
|
|
Revenue Bonds, Hendrick Medical Center, Refunding Series 2013, 5.500%, 9/01/43
|
|
|
|
|
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital
|
|
|
|
|
|
Revenue Bonds, Scott & White Healthcare Project, Series 2010:
|
|
|
|
|
430
|
5.500%, 8/15/45 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
N/R (4)
|
450,971
|
|
5,350
|
5.500%, 8/15/45 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
N/R (4)
|
5,610,920
|
|
4,000
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital
|
8/23 at 100.00
|
AA–
|
4,371,480
|
|
|
Revenue Bonds, Scott & White Healthcare Project, Series 2013A, 5.000%, 8/15/43
|
|
|
|
|
2,500
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
8/26 at 100.00
|
AA
|
2,852,375
|
|
|
Texas Health Resources System, Series 2016A, 5.000%, 2/15/41
|
|
|
|
|
|
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds,
|
|
|
|
|
|
Series 2012:
|
|
|
|
|
14,815
|
5.000%, 12/15/27
|
12/22 at 100.00
|
BBB
|
16,212,499
|
|
7,925
|
5.000%, 12/15/28
|
12/22 at 100.00
|
A3
|
8,651,643
|
|
6,550
|
5.000%, 12/15/30
|
12/22 at 100.00
|
BBB
|
7,108,191
|
|
2,340
|
5.000%, 12/15/32
|
12/22 at 100.00
|
BBB
|
2,528,487
|
|
2,500
|
Texas State, General Obligation Bonds, Transportation Commission Highway Improvement
|
4/22 at 100.00
|
AAA
|
2,717,800
|
|
|
Series 2012A, 5.000%, 4/01/31
|
|
|
|
|
17,760
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First
|
8/22 at 100.00
|
A–
|
19,039,075
|
|
|
Tier Refunding Series 2012A, 5.000%, 8/15/41
|
|
|
|
|
7,345
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First
|
8/24 at 100.00
|
A–
|
8,223,682
|
|
|
Tier Refunding Series 2015B, 5.000%, 8/15/37
|
|
|
|
|
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second
|
|
|
|
|
|
Tier Refunding Series 2015C:
|
|
|
|
|
3,650
|
5.000%, 8/15/33
|
8/24 at 100.00
|
BBB
|
4,078,072
|
|
1,600
|
5.000%, 8/15/37
|
8/24 at 100.00
|
BBB
|
1,773,040
|
|
48,905
|
5.000%, 8/15/42
|
8/24 at 100.00
|
BBB
|
53,825,332
|
|
4,000
|
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series
|
No Opt. Call
|
A–
|
3,462,600
|
|
|
2002A, 0.000%, 8/15/25 – AMBAC Insured
|
|
|
|
|
473,525
|
Total Texas
|
|
|
496,099,228
|
|
|
Utah – 0.9% (0.6% of Total Investments)
|
|
|
|
|
5,760
|
Central Weber Sewer Improvement District, Utah, Sewer Revenue Bonds, Refunding Series
|
3/20 at 100.00
|
AA (4)
|
5,924,218
|
|
|
2010A, 5.000%, 3/01/33 (Pre-refunded 3/01/20) – AGC Insured
|
|
|
|
|
12,335
|
Riverton, Utah, Hospital Revenue Bonds, IHC Health Services, Inc., Series 2009, 5.000%,
|
8/19 at 100.00
|
AA+ (4)
|
12,456,006
|
|
|
8/15/41 (Pre-refunded 8/15/19)
|
|
|
|
|
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017B:
|
|
|
|
|
3,560
|
5.000%, 7/01/42
|
7/27 at 100.00
|
A+
|
4,147,827
|
|
1,975
|
5.000%, 7/01/47
|
7/27 at 100.00
|
A2
|
2,293,330
|
|
4,000
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018B,
|
7/28 at 100.00
|
A2
|
4,709,200
|
|
|
5.000%, 7/01/48
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Utah (continued)
|
|
|
|
|
|
Utah Charter School Finance Authority, Charter School Revenue Bonds, Utah Charter
|
|
|
|
|
|
Academies Project, Series 2018:
|
|
|
|
|
$ 1,000
|
5.000%, 10/15/38
|
10/27 at 100.00
|
AA
|
$ 1,141,400
|
|
2,320
|
5.000%, 10/15/43
|
10/27 at 100.00
|
AA
|
2,628,769
|
|
2,040
|
5.000%, 10/15/48
|
10/27 at 100.00
|
AA
|
2,302,446
|
|
32,990
|
Total Utah
|
|
|
35,603,196
|
|
|
Vermont – 0.3% (0.2% of Total Investments)
|
|
|
|
|
|
University of Vermont and State Agricultural College, Revenue Bonds, Refunding
|
|
|
|
|
|
Series 2015:
|
|
|
|
|
1,000
|
4.000%, 10/01/40
|
10/25 at 100.00
|
A+
|
1,052,800
|
|
10,000
|
5.000%, 10/01/45
|
10/25 at 100.00
|
A+
|
11,442,600
|
|
11,000
|
Total Vermont
|
|
|
12,495,400
|
|
|
Virginia – 2.3% (1.4% of Total Investments)
|
|
|
|
|
430
|
Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital
|
7/28 at 100.00
|
BBB
|
400,992
|
|
|
Appreciation Series 2012B, 4.875%, 7/15/40, (5)
|
|
|
|
|
4,000
|
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds,
|
5/28 at 100.00
|
AA+
|
4,278,040
|
|
|
Inova Health System, Series 2018A, 4.000%, 5/15/48 (UB), (6)
|
|
|
|
|
1,800
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours
|
11/22 at 100.00
|
A (4)
|
1,995,678
|
|
|
Health System Obligated Group, Series 2013, 5.000%, 11/01/30 (Pre-refunded 11/01/22)
|
|
|
|
|
11,960
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
4/22 at 100.00
|
BBB+
|
12,688,245
|
|
|
Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A,
|
|
|
|
|
|
5.000%, 10/01/53
|
|
|
|
|
7,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
No Opt. Call
|
A3
|
3,789,590
|
|
|
Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B, 0.000%,
|
|
|
|
|
|
10/01/36 – AGC Insured
|
|
|
|
|
32,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/26 at 100.00
|
A3
|
40,720,640
|
|
|
Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009C, 6.500%,
|
|
|
|
|
|
10/01/41 – AGC Insured
|
|
|
|
|
18,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/28 at 100.00
|
BBB+
|
23,409,360
|
|
|
Dulles Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 6.500%, 10/01/44
|
|
|
|
|
2,000
|
Prince William County Industrial Development Authority, Virginia, Health Care Facilities
|
11/22 at 100.00
|
A+
|
2,078,800
|
|
|
Revenue Bonds, Novant Health Obligated Group-Prince William Hospital, Refunding Series 2013B,
|
|
|
|
|
|
4.000%, 11/01/33
|
|
|
|
|
|
Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion
|
|
|
|
|
|
Health System Obligated Group, Series 2005B:
|
|
|
|
|
5
|
5.000%, 7/01/38 (Pre-refunded 7/01/20)
|
7/20 at 100.00
|
A1 (4)
|
5,192
|
|
245
|
5.000%, 7/01/38
|
7/20 at 100.00
|
A1
|
252,164
|
|
77,440
|
Total Virginia
|
|
|
89,618,701
|
|
|
Washington – 3.5% (2.2% of Total Investments)
|
|
|
|
|
7,000
|
Central Puget Sound Regional Transit Authority, Washington, Sales Tax and Motor Vehicle
|
11/26 at 100.00
|
Aa1
|
8,154,230
|
|
|
Excise Tax Bonds, Green Series 2016S-1, 5.000%, 11/01/41
|
|
|
|
|
12,235
|
Chelan County Public Utility District 1, Washington, Columbia River-Rock Island
|
No Opt. Call
|
Aa3
|
10,502,646
|
|
|
Hydro-Electric System Revenue Refunding Bonds, Series 1997A, 0.000%, 6/01/26 – NPFG Insured
|
|
|
|
|
4,200
|
King County Public Hospital District 1, Washington, Limited Tax General Obligation
|
12/26 at 100.00
|
A–
|
4,822,902
|
|
|
Bonds, Refunding Series 2016, 5.000%, 12/01/36
|
|
|
|
|
6,575
|
King County Public Hospital District 1, Washington, Limited Tax General Obligation
|
12/28 at 100.00
|
A2
|
7,520,156
|
|
|
Bonds, Refunding Series 2018, 5.000%, 12/01/43
|
|
|
|
|
15,000
|
King County, Washington, Sewer Revenue Bonds, Refunding Series 2012, 5.000%, 1/01/52
|
1/22 at 100.00
|
AA+
|
15,976,500
|
|
3,000
|
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015A,
|
10/24 at 100.00
|
AA–
|
3,363,840
|
|
|
5.000%, 4/01/40
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Washington (continued)
|
|
|
|
|
$ 1,250
|
Seattle Housing Authority, Washington, Pooled Housing Revenue Bonds, Refunding Series
|
12/23 at 100.00
|
AA
|
$ 1,364,025
|
|
|
2014, 5.000%, 12/01/44
|
|
|
|
|
12,515
|
Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue
|
6/23 at 100.00
|
A+
|
13,698,669
|
|
|
Bonds, Series 2013A, 5.000%, 12/01/38
|
|
|
|
|
5,250
|
Tacoma, Washington, Sewer Revenue Bonds, Series 2018, 4.000%, 12/01/48
|
12/28 at 100.00
|
Aa2
|
5,639,498
|
|
8,310
|
Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer
|
1/21 at 100.00
|
A2
|
8,705,888
|
|
|
Research Center, Series 2011A, 5.625%, 1/01/35
|
|
|
|
|
4,415
|
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical
|
12/20 at 100.00
|
N/R (4)
|
4,679,061
|
|
|
Center, Series 2010, 5.500%, 12/01/39 (Pre-refunded 12/01/20)
|
|
|
|
|
|
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health &
|
|
|
|
|
|
Services, Refunding Series 2012A:
|
|
|
|
|
4,000
|
5.000%, 10/01/32
|
10/22 at 100.00
|
AA–
|
4,371,000
|
|
10,000
|
4.250%, 10/01/40
|
10/22 at 100.00
|
AA–
|
10,295,600
|
|
3,135
|
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
|
10/22 at 100.00
|
Aa2
|
3,439,879
|
|
|
Refunding Series 2012B, 5.000%, 10/01/30
|
|
|
|
|
8,230
|
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
|
10/22 at 100.00
|
Aa2
|
8,942,389
|
|
|
Series 2012A, 5.000%, 10/01/42
|
|
|
|
|
7,000
|
Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer
|
7/19 at 100.00
|
A+ (4)
|
7,049,280
|
|
|
Research Center, Series 2009A, 6.000%, 1/01/33 (Pre-refunded 7/01/19)
|
|
|
|
|
500
|
Washington State Housing Finance Commission, Non-profit Housing Revenue Bonds,
|
1/25 at 102.00
|
BB+
|
534,060
|
|
|
Presbyterian Retirement Communities Northwest Project, Refunding Series 2016A, 5.000%,
|
|
|
|
|
|
1/01/46, 144A
|
|
|
|
|
9,000
|
Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2003C, 0.000%,
|
No Opt. Call
|
AA+
|
7,307,730
|
|
|
6/01/28 – FGIC Insured
|
|
|
|
|
10,855
|
Washington, General Obligation Bonds, Series 2000S-5, 0.000%, 1/01/20 – FGIC Insured
|
No Opt. Call
|
AA+
|
10,735,052
|
|
132,470
|
Total Washington
|
|
|
137,102,405
|
|
|
West Virginia – 1.0% (0.6% of Total Investments)
|
|
|
|
|
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United
|
|
|
|
|
|
Health System Obligated Group, Refunding & Improvement Series 2013A:
|
|
|
|
|
3,000
|
5.375%, 6/01/38
|
6/23 at 100.00
|
A
|
3,323,400
|
|
16,845
|
5.500%, 6/01/44
|
6/23 at 100.00
|
A
|
18,693,739
|
|
9,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United
|
6/28 at 100.00
|
A
|
10,129,410
|
|
|
Health System Obligated Group, Series 2018A, 5.000%, 6/01/52
|
|
|
|
|
3,500
|
West Virginia Hospital Finance Authority, Revenue Bonds, West Virginia University Health
|
6/27 at 100.00
|
A
|
3,929,835
|
|
|
System Obligated Group, Improvement Series 2017A, 5.000%, 6/01/42
|
|
|
|
|
3,000
|
West Virginia State Building Commission, Lease Revenue Refunding Bonds, Regional Jail
|
No Opt. Call
|
N/R
|
3,194,850
|
|
|
and Corrections Facility, Series 1998A, 5.375%, 7/01/21 – AMBAC Insured
|
|
|
|
|
35,345
|
Total West Virginia
|
|
|
39,271,234
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Wisconsin – 3.2% (2.0% of Total Investments)
|
|
|
|
|
|
Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds,
|
|
|
|
|
|
Lombard Public Facilities Corporation, Second Tier Series 2018B:
|
|
|
|
|
$ 43
|
0.000%, 1/01/46, 144A
|
No Opt. Call
|
N/R
|
$ 1,374
|
|
42
|
0.000%, 1/01/47, 144A
|
No Opt. Call
|
N/R
|
1,345
|
|
42
|
0.000%, 1/01/48, 144A
|
No Opt. Call
|
N/R
|
1,325
|
|
42
|
0.000%, 1/01/49, 144A
|
No Opt. Call
|
N/R
|
1,306
|
|
41
|
0.000%, 1/01/50, 144A
|
No Opt. Call
|
N/R
|
1,278
|
|
45
|
0.000%, 1/01/51, 144A
|
No Opt. Call
|
N/R
|
1,390
|
|
1,176
|
3.750%, 7/01/51, 144A
|
3/28 at 100.00
|
N/R
|
1,064,849
|
|
45
|
0.000%, 1/01/52, 144A
|
No Opt. Call
|
N/R
|
1,372
|
|
44
|
0.000%, 1/01/53, 144A
|
No Opt. Call
|
N/R
|
1,345
|
|
44
|
0.000%, 1/01/54, 144A
|
No Opt. Call
|
N/R
|
1,327
|
|
43
|
0.000%, 1/01/55, 144A
|
No Opt. Call
|
N/R
|
1,301
|
|
43
|
0.000%, 1/01/56, 144A
|
No Opt. Call
|
N/R
|
1,275
|
|
42
|
0.000%, 1/01/57, 144A
|
No Opt. Call
|
N/R
|
1,259
|
|
42
|
0.000%, 1/01/58, 144A
|
No Opt. Call
|
N/R
|
1,234
|
|
42
|
0.000%, 1/01/59, 144A
|
No Opt. Call
|
N/R
|
1,218
|
|
41
|
0.000%, 1/01/60, 144A
|
No Opt. Call
|
N/R
|
1,203
|
|
41
|
0.000%, 1/01/61, 144A
|
No Opt. Call
|
N/R
|
1,179
|
|
40
|
0.000%, 1/01/62, 144A
|
No Opt. Call
|
N/R
|
1,164
|
|
40
|
0.000%, 1/01/63, 144A
|
No Opt. Call
|
N/R
|
1,141
|
|
39
|
0.000%, 1/01/64, 144A
|
No Opt. Call
|
N/R
|
1,126
|
|
39
|
0.000%, 1/01/65, 144A
|
No Opt. Call
|
N/R
|
1,112
|
|
38
|
0.000%, 1/01/66, 144A
|
No Opt. Call
|
N/R
|
1,090
|
|
501
|
0.000%, 1/01/67, 144A
|
No Opt. Call
|
N/R
|
14,126
|
|
|
Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman
|
|
|
|
|
|
Charter School, Series 2018A:
|
|
|
|
|
6,000
|
5.000%, 6/15/38, 144A
|
6/26 at 100.00
|
BBB–
|
6,433,560
|
|
2,335
|
5.000%, 6/15/48, 144A
|
6/26 at 100.00
|
BBB–
|
2,488,760
|
|
4,100
|
University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Refunding Series
|
4/23 at 100.00
|
AA–
|
4,450,919
|
|
|
2013A, 5.000%, 4/01/38
|
|
|
|
|
5,140
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ascension Health
|
5/26 at 100.00
|
Aa2
|
5,513,472
|
|
|
Alliance Senior Credit Group, Series 2016A, 4.000%, 11/15/34
|
|
|
|
|
1,240
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health
|
4/20 at 100.00
|
Aa3 (4)
|
1,286,512
|
|
|
Care, Inc., Series 2010A, 5.625%, 4/15/39 (Pre-refunded 4/01/20)
|
|
|
|
|
6,775
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health
|
7/21 at 100.00
|
Aa3 (4)
|
7,271,472
|
|
|
Care, Inc., Series 2012A, 5.000%, 7/15/25 (Pre-refunded 7/15/21)
|
|
|
|
|
2,500
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health
|
4/23 at 100.00
|
Aa3 (4)
|
2,830,075
|
|
|
Care, Inc., Series 2013A, 5.125%, 4/15/31 (Pre-refunded 4/01/23)
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Franciscan Sisters
|
|
|
|
|
|
of Christian Charity Sponsored Ministry, Series 2017A:
|
|
|
|
|
1,000
|
5.000%, 9/01/30
|
9/27 at 100.00
|
BBB–
|
1,139,640
|
|
1,110
|
5.000%, 9/01/31
|
9/27 at 100.00
|
BBB–
|
1,253,323
|
|
1,100
|
5.000%, 9/01/32
|
9/27 at 100.00
|
BBB–
|
1,236,213
|
|
1,725
|
5.000%, 9/01/33
|
9/27 at 100.00
|
BBB–
|
1,930,120
|
|
1,775
|
5.000%, 9/01/34
|
9/27 at 100.00
|
BBB–
|
1,976,090
|
|
1,910
|
5.000%, 9/01/35
|
9/27 at 100.00
|
BBB–
|
2,117,541
|
|
2,065
|
5.000%, 9/01/36
|
9/27 at 100.00
|
BBB–
|
2,280,607
|
|
1,015
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert Health
|
10/22 at 100.00
|
AA–
|
1,086,649
|
|
|
Inc. Obligated Group, Series 2012A, 5.000%, 4/01/42
|
|
|
|
|
18,410
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic
|
2/27 at 100.00
|
A–
|
20,430,866
|
|
|
Health System, Inc., Series 2017C, 5.000%, 2/15/47
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
|
|
|
|
|
Series 2012B:
|
|
|
|
|
1,000
|
5.000%, 2/15/27
|
2/22 at 100.00
|
A–
|
1,066,840
|
|
1,000
|
5.000%, 2/15/28
|
2/22 at 100.00
|
A–
|
1,065,450
|
|
4,735
|
5.000%, 2/15/40
|
2/22 at 100.00
|
A–
|
4,931,929
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Wisconsin (continued)
|
|
|
|
|
$ 8,500
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
2/26 at 100.00
|
A–
|
$ 9,366,065
|
|
|
Series 2016A, 5.000%, 2/15/46
|
|
|
|
|
2,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
2/26 at 100.00
|
A–
|
2,256,620
|
|
|
Series 2016B, 5.000%, 2/15/35
|
|
|
|
|
5,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Medical College of
|
11/26 at 100.00
|
AA–
|
5,703,050
|
|
|
Wisconsin, Inc., Series 2016, 5.000%, 12/01/41
|
|
|
|
|
7,625
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance,
|
6/22 at 100.00
|
A3
|
8,076,629
|
|
|
Inc., Series 2012, 5.000%, 6/01/39
|
|
|
|
|
1,165
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Meriter Hospital
|
No Opt. Call
|
A1
|
1,235,086
|
|
|
Inc., Series 1992A, 6.000%, 12/01/22 – FGIC Insured
|
|
|
|
|
2,650
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health
|
8/22 at 100.00
|
N/R (4)
|
2,930,078
|
|
|
Care, Inc., Refunding 2012C, 5.000%, 8/15/32 (Pre-refunded 8/15/22)
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Saint John’s
|
|
|
|
|
|
Communities Inc., Series 2018A:
|
|
|
|
|
2,500
|
5.000%, 9/15/45
|
9/23 at 100.00
|
BBB–
|
2,592,100
|
|
5,455
|
5.000%, 9/15/50
|
9/23 at 100.00
|
BBB–
|
5,644,889
|
|
1,000
|
Wisconsin Health and Educational Facilities Authority, Revenues Bonds, Gundersen
|
10/21 at 100.00
|
A1
|
1,063,120
|
|
|
Lutheran, Series 2011A, 5.250%, 10/15/39
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds,
|
|
|
|
|
|
Benevolent Corporation Cedar Community, Series 2017:
|
|
|
|
|
1,110
|
5.000%, 6/01/37
|
6/25 at 103.00
|
N/R
|
1,168,719
|
|
955
|
5.000%, 6/01/41
|
6/25 at 103.00
|
N/R
|
998,204
|
|
10,230
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds,
|
12/24 at 100.00
|
A1
|
11,231,517
|
|
|
ThedaCare Inc., Series 2015, 5.000%, 12/15/44
|
|
|
|
|
115,680
|
Total Wisconsin
|
|
|
124,161,454
|
|
|
Wyoming – 0.4% (0.3% of Total Investments)
|
|
|
|
|
4,080
|
Campbell County, Wyoming Solid Waste Facilities Revenue Bonds, Basin Electric Power
|
7/19 at 100.00
|
A
|
4,111,783
|
|
|
Cooperative – Dry Fork Station Facilities, Series 2009A, 5.750%, 7/15/39
|
|
|
|
|
9,625
|
Sweetwater County, Wyoming, Hospital Revenue Bonds, Memorial Hospital Project, Refunding
|
9/23 at 100.00
|
BB+
|
10,071,408
|
|
|
Series 2013A, 5.000%, 9/01/37
|
|
|
|
|
|
Teton County Hospital District, Wyoming, Hospital Revenue Bonds, St John’s Medical
|
|
|
|
|
|
Center Project, Series 2011B:
|
|
|
|
|
2,000
|
5.500%, 12/01/27
|
12/21 at 100.00
|
A–
|
2,140,820
|
|
1,000
|
6.000%, 12/01/36
|
12/21 at 100.00
|
A–
|
1,080,310
|
|
16,705
|
Total Wyoming
|
|
|
17,404,321
|
|
$ 6,323,310
|
Total Municipal Bonds (cost $5,722,724,831)
|
|
|
6,204,171,027
|
|
|
Principal
|
|
|
|
|
|
|
Amount (000)
|
Description (1)
|
Coupon
|
Maturity
|
Ratings (3)
|
Value
|
|
|
CORPORATE BONDS – 0.0% (0.0% of Total Investments)
|
|
|
|
|
|
|
Transportation – 0.0% (0.0% of Total Investments)
|
|
|
|
|
|
$ 1,047
|
Las Vegas Monorail Company, Senior Interest Bonds, (7), (9), (10)
|
5.500%
|
7/15/19
|
N/R
|
$ 696,111
|
|
300
|
Las Vegas Monorail Company, Senior Interest Bonds, (7), (9), (10)
|
5.500%
|
7/15/55
|
N/R
|
149,312
|
|
$ 1,347
|
Total Corporate Bonds (cost $49,188)
|
|
|
|
845,423
|
|
|
Total Long-Term Investments (cost $5,722,774,019)
|
|
|
|
$ 6,205,016,450
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
April 30, 2019 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
SHORT-TERM INVESTMENTS – 0.2% (0.1% of Total Investments)
|
|
|
|
|
|
MUNICIPAL BONDS – 0.2% (0.1% of Total Investments)
|
|
|
|
|
|
Alaska – 0.0% (0.0% of Total Investments)
|
|
|
|
|
$ 800
|
Valdez, Alaska, Marine Terminal Revenue Bonds, Exxon Pipeline Company Project, Variable Rate
|
5/19 at 100.00
|
A-1+
|
$ 800,000
|
|
|
Demand Obligations, Series 1993C, 2.250%, 12/01/33, (11)
|
|
|
|
|
|
Minnesota – 0.2% (0.1% of Total Investments)
|
|
|
|
|
6,275
|
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Variable Rate Demand Obligations,
|
5/19 at 100.00
|
A-1+
|
6,275,000
|
|
|
Mayo Clinic Series 2008A, 2.200%, 11/15/38, (11)
|
|
|
|
|
$ 7,075
|
Total Short-Term Investments (cost $7,075,000)
|
|
|
7,075,000
|
|
|
Total Investments (cost $5,729,849,019)–157.8%
|
|
|
6,212,091,450
|
|
|
Floating Rate Obligations – (2.4)%
|
|
|
(94,660,000)
|
|
|
MuniFund Preferred Shares, net of deferred offering costs – (24.3)% (12)
|
|
|
(955,771,702)
|
|
|
Variable Rate Demand Preferred Shares, net of deferred offering costs – (32.6)% (13)
|
|
|
(1,283,080,774)
|
|
|
Other Assets Less Liabilities – 1.5%
|
|
|
59,136,497
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 3,937,715,471
|
(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)
|
The ratings disclosed are the lowest 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.
|
(5)
|
Step-up coupon bond, a bond with a coupon that increases (“steps up”), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period.
|
(6)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.
|
(7)
|
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.
|
(8)
|
Effective February 12, 2019, the par value of the original bonds was replaced with taxable and tax exempt Puerto Rico Sales Tax Financing Corporation (commonly known as COFINA) bond units that are collateralized by a bundle of zero and coupon paying bonds. The quantity shown represents units in a trust, which were assigned according to the original bond’s accreted value. These securities do not have a stated coupon interest rate and income will be recognized through accretion of the discount associated with the trust units. The factor at which these units accrete can also decrease, primarily for principal payments generated from coupon payments received or dispositions of the underlying bond collateral. The quantity of units will not change as a result of these principal payments.
|
(9)
|
The tax-exempt municipal bonds previously held by the Fund were surrendered in conjunction with the issuer’s bankruptcy reorganization plan. In return, the Fund received one or more senior interest corporate bonds.
|
(10)
|
Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment categorized as Level 3. See Notes to Financial Statements, Note 2 – Investment Valuation and Fair Value Measurements for more information.
|
(11)
|
Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect at the end of the reporting period. This rate changes periodically based on market conditions or a specified market index.
|
(12)
|
MuniFund Preferred Shares, net of deferring offering costs as a percentage of Total Investments is 15.4%.
|
(13)
|
Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 20.7%.
|
144A
|
Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
|
ETM
|
Escrowed to maturity
|
IF
|
Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.
|
PIK
|
Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period.
|
UB
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 – Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities for more information.
|
WI/DD
|
Purchased on a when-issued or delayed delivery basis.
|
|
See accompanying notes to financial statements.
|
|
NAD
|
NEA
|
||||||
Assets
|
||||||||
Long-term investments, at value (cost $4,539,081,917 and $5,722,774,019, respectively)
|
$
|
4,895,999,656
|
$
|
6,205,016,450
|
||||
Short-term investments, at value (cost approximates value)
|
10,330,000
|
7,075,000
|
||||||
Cash
|
1,439,461
|
71,174
|
||||||
Receivable for:
|
||||||||
Dividends and interest
|
65,254,349
|
79,895,718
|
||||||
Investments sold
|
5,450,000
|
10,750,000
|
||||||
Other assets
|
1,211,997
|
1,936,805
|
||||||
Total assets
|
4,979,685,463
|
6,304,745,147
|
||||||
Liabilities
|
||||||||
Floating rate obligations
|
86,275,000
|
94,660,000
|
||||||
Payable for:
|
||||||||
Dividends
|
10,289,250
|
13,387,907
|
||||||
Interest
|
1,206,289
|
—
|
||||||
Investments purchased
|
4,175,171
|
14,477,953
|
||||||
Offering costs
|
109,456
|
1,056,500
|
||||||
Adjustable Rate MuniFund Term Preferred (“AMTP”) Shares, net of deferred offering
|
||||||||
costs (liquidation preference $545,500,000 and $—, respectively)
|
545,047,940
|
—
|
||||||
MuniFund Preferred (“MFP”) Shares, net of deferred offering
|
||||||||
costs (liquidation preference $607,000,000 and $958,000,000, respectively)
|
606,645,400
|
955,771,702
|
||||||
Variable Rate Demand Preferred (“VRDP”) Shares, net of deferred offering costs
|
||||||||
(liquidation preference $632,000,000 and $1,290,300,000, respectively)
|
629,708,003
|
1,283,080,774
|
||||||
Accrued expenses:
|
||||||||
Management fees
|
2,254,836
|
2,842,870
|
||||||
Trustees fees
|
813,526
|
1,067,290
|
||||||
Other
|
542,735
|
684,680
|
||||||
Total liabilities
|
1,887,067,606
|
2,367,029,676
|
||||||
Net assets applicable to common shares
|
$
|
3,092,617,857
|
$
|
3,937,715,471
|
||||
Common shares outstanding
|
201,864,367
|
262,720,647
|
||||||
Net asset value (“NAV”) per common share outstanding
|
$
|
15.32
|
$
|
14.99
|
||||
Net assets applicable to common shares consist of:
|
||||||||
Common shares, $0.01 par value per share
|
$
|
2,018,644
|
$
|
2,627,206
|
||||
Paid-in-surplus
|
2,778,291,060
|
3,509,296,932
|
||||||
Total distributable earnings
|
312,308,153
|
425,791,333
|
||||||
Net assets applicable to common shares
|
$
|
3,092,617,857
|
$
|
3,937,715,471
|
||||
Authorized shares:
|
||||||||
Common
|
Unlimited
|
Unlimited
|
||||||
Preferred
|
Unlimited
|
Unlimited
|
Statement of Operations
|
|
Six Months Ended April 30, 2019 (Unaudited)
|
|
|
|
|
|
NAD
|
NEA
|
||||||
Investment Income
|
$
|
105,125,959
|
$
|
133,981,179
|
||||
Expenses
|
||||||||
Management fees
|
13,415,111
|
16,934,634
|
||||||
Interest expense and amortization of offering costs
|
20,929,968
|
24,147,050
|
||||||
Liquidity fees
|
2,740,161
|
5,304,293
|
||||||
Remarketing fees
|
317,756
|
652,429
|
||||||
Custodian fees
|
248,555
|
297,185
|
||||||
Trustees fees
|
74,149
|
93,943
|
||||||
Professional fees
|
117,882
|
183,080
|
||||||
Shareholder reporting expenses
|
115,647
|
146,385
|
||||||
Shareholder servicing agent fees
|
55,097
|
61,860
|
||||||
Stock exchange listing fees
|
28,038
|
36,491
|
||||||
Investor relations expenses
|
59,068
|
76,375
|
||||||
Other
|
90,392
|
118,768
|
||||||
Total expenses
|
38,191,824
|
48,052,493
|
||||||
Net investment income (loss)
|
66,934,135
|
85,928,686
|
||||||
Realized and Unrealized Gain (Loss)
|
||||||||
Net realized gain (loss) from Investments
|
(1,342,032
|
)
|
(1,735,899
|
)
|
||||
Change in net unrealized appreciation (depreciation) of Investments
|
181,089,305
|
218,081,628
|
||||||
Net realized and unrealized gain (loss)
|
179,747,273
|
216,345,729
|
||||||
Net increase (decrease) in net assets applicable to common shares from operations
|
$
|
246,681,408
|
$
|
302,274,415
|
|
NAD
|
NEA
|
||||||||||||||
|
Six Months
Ended
4/30/19
|
Year Ended
10/31/18
|
Six Months
Ended
4/30/19
|
Year Ended
10/31/18
|
||||||||||||
Operations
|
||||||||||||||||
Net investment income (loss)
|
$
|
66,934,135
|
$
|
138,877,139
|
$
|
85,928,686
|
$
|
179,555,130
|
||||||||
Net realized gain (loss) from:
|
||||||||||||||||
Investments
|
(1,342,032
|
)
|
(6,103,105
|
)
|
(1,735,899
|
)
|
8,500,454
|
|||||||||
Swaps
|
—
|
—
|
—
|
1,220,000
|
||||||||||||
Change in net unrealized appreciation (depreciation) of:
|
||||||||||||||||
Investments
|
181,089,305
|
(192,714,707
|
)
|
218,081,628
|
(251,685,230
|
)
|
||||||||||
Swaps
|
—
|
—
|
—
|
1,158,822
|
||||||||||||
Net increase (decrease) in net assets applicable to common shares
|
||||||||||||||||
from operations
|
246,681,408
|
(59,940,673
|
)
|
302,274,415
|
(61,250,824
|
)
|
||||||||||
Distributions to Common Shareholders
|
||||||||||||||||
Dividends
|
(64,798,461
|
)
|
(139,137,258
|
)
|
(84,333,328
|
)
|
(178,160,720
|
)
|
||||||||
Decrease in net assets applicable to common shares from distributions
|
||||||||||||||||
to common shareholders
|
(64,798,461
|
)
|
(139,137,258
|
)
|
(84,333,328
|
)
|
(178,160,720
|
)
|
||||||||
Capital Share Transactions
|
||||||||||||||||
Cost of shares repurchased and retired
|
—
|
(221,079
|
)
|
—
|
(675,211
|
)
|
||||||||||
Net increase (decrease) in net assets applicable to common shares from
|
||||||||||||||||
capital share transactions
|
—
|
(221,079
|
)
|
—
|
(675,211
|
)
|
||||||||||
Net increase (decrease) in net assets applicable to common shares
|
181,882,947
|
(199,299,010
|
)
|
217,941,087
|
(240,086,755
|
)
|
||||||||||
Net assets applicable to common shares at the beginning of period
|
2,910,734,910
|
3,110,033,920
|
3,719,774,384
|
3,959,861,139
|
||||||||||||
Net assets applicable to common shares at the end of period
|
$
|
3,092,617,857
|
$
|
2,910,734,910
|
$
|
3,937,715,471
|
$
|
3,719,774,384
|
Statement of Cash Flows
|
|
Six Months Ended April 30, 2019 (Unaudited)
|
|
|
|
|
|
NAD
|
NEA
|
||||||
Cash Flows from Operating Activities:
|
||||||||
Net Increase (Decrease) in Net Assets Applicable to Common Shares from Operations
|
$
|
246,681,408
|
$
|
302,274,415
|
||||
Adjustments to reconcile the net increase (decrease) in net assets applicable to
|
||||||||
common shares from operations to net cash provided by (used in) operating activities:
|
||||||||
Purchases of investments
|
(209,838,510
|
)
|
(288,486,021
|
)
|
||||
Proceeds from sales and maturities of investments
|
229,719,089
|
320,286,377
|
||||||
Proceeds from (Purchases of) short-term investments, net
|
(10,330,000
|
)
|
(7,075,000
|
)
|
||||
Payment-in-kind distributions
|
(19,636
|
)
|
(5,587
|
)
|
||||
Taxes paid
|
(23,605
|
)
|
(62,872
|
)
|
||||
Amortization (Accretion) of premiums and discounts, net
|
(2,934,968
|
)
|
(7,994,610
|
)
|
||||
Amortization of deferred offering costs
|
204,945
|
409,359
|
||||||
(Increase) Decrease in:
|
||||||||
Receivable for dividends and interest
|
(617,735
|
)
|
(18,652
|
)
|
||||
Receivable for investments sold
|
11,680,870
|
7,198,152
|
||||||
Other assets
|
128,737
|
117,118
|
||||||
Increase (Decrease) in:
|
||||||||
Payable for interest
|
(139,694
|
)
|
(178,520
|
)
|
||||
Payable for investments purchased
|
(21,450,933
|
)
|
(17,593,489
|
)
|
||||
Payable for offering costs
|
109,456
|
1,056,500
|
||||||
Accrued management fees
|
(12,824
|
)
|
(26,552
|
)
|
||||
Accrued Trustees fees
|
(40,081
|
)
|
(53,093
|
)
|
||||
Accrued other expenses
|
(15,259
|
)
|
(31,320
|
)
|
||||
Net realized (gain) loss from investments
|
1,342,032
|
1,735,899
|
||||||
Change in net unrealized appreciation (depreciation) of investments
|
(181,089,305
|
)
|
(218,081,628
|
)
|
||||
Net cash provided by (used in) operating activities
|
63,353,987
|
93,470,476
|
||||||
Cash Flows from Financing Activities:
|
||||||||
Proceeds from AMTP Shares issued, at liquidation preference
|
545,500,000
|
—
|
||||||
(Payments for) VMTP Shares redeemed, at liquidation preference
|
(545,500,000
|
)
|
—
|
|||||
(Payments for) deferred offering cost
|
(470,000
|
)
|
(1,540,000
|
)
|
||||
(Repayments of) floating rate obligations
|
(1,500,000
|
)
|
(9,750,000
|
)
|
||||
Cash distributions paid to common shareholders
|
(64,759,664
|
)
|
(84,305,166
|
)
|
||||
Net cash provided by (used in) financing activities
|
(66,729,664
|
)
|
(95,595,166
|
)
|
||||
Net Increase (Decrease) in Cash
|
(3,375,677
|
)
|
(2,124,690
|
)
|
||||
Cash at the beginning of period
|
4,815,138
|
2,195,864
|
||||||
Cash at the end of period
|
$
|
1,439,461
|
$
|
71,174
|
||||
Supplemental Disclosure of Cash Flow Information
|
NAD
|
NEA
|
||||||
Cash paid for interest (excluding amortization of offering costs)
|
$
|
20,867,005
|
$
|
23,918,309
|
Selected data for a common share outstanding throughout each period:
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Investment Operations
|
Less Distributions
to Common Shareholders
|
Common Share
|
|||||||||||||||||||||||||||||||||||||
|
Beginning
Common
Share
NAV
|
Net
Investment
Income
(Loss)
|
Net
Realized/
Unrealized
Gain (Loss)
|
Total
|
From
Net
Investment
Income
|
From
Accumu-
lated Net
Realized
Gains
|
Total
|
Discount
per
Share
Repurchased
and Retired
|
Ending
NAV
|
Ending
Share
Price
|
||||||||||||||||||||||||||||||
NAD
|
||||||||||||||||||||||||||||||||||||||||
Year Ended 10/31:
|
||||||||||||||||||||||||||||||||||||||||
2019(e)
|
$
|
14.42
|
$
|
0.33
|
$
|
0.89
|
$
|
1.22
|
$
|
(0.32
|
)
|
$
|
—
|
$
|
(0.32
|
)
|
$
|
—
|
$
|
15.32
|
$
|
13.57
|
||||||||||||||||||
2018
|
15.41
|
0.69
|
(0.99
|
)
|
(0.30
|
)
|
(0.69
|
)
|
—
|
(0.69
|
)
|
—
|
*
|
14.42
|
12.41
|
|||||||||||||||||||||||||
2017
|
15.75
|
0.73
|
(0.29
|
)
|
0.44
|
(0.78
|
)
|
—
|
(0.78
|
)
|
—
|
15.41
|
13.86
|
|||||||||||||||||||||||||||
2016
|
15.44
|
0.71
|
0.45
|
1.16
|
(0.85
|
)
|
—
|
(0.85
|
)
|
—
|
15.75
|
14.19
|
||||||||||||||||||||||||||||
2015
|
15.64
|
0.84
|
(0.17
|
)
|
0.67
|
(0.87
|
)
|
—
|
(0.87
|
)
|
—
|
15.44
|
14.05
|
|||||||||||||||||||||||||||
2014
|
14.42
|
0.87
|
1.25
|
2.12
|
(0.90
|
)
|
—
|
(0.90
|
)
|
—
|
15.64
|
14.16
|
||||||||||||||||||||||||||||
NEA
|
||||||||||||||||||||||||||||||||||||||||
Year Ended 10/31:
|
||||||||||||||||||||||||||||||||||||||||
2019(e)
|
14.16
|
0.33
|
0.82
|
1.15
|
(0.32
|
)
|
—
|
(0.32
|
)
|
—
|
14.99
|
13.32
|
||||||||||||||||||||||||||||
2018
|
15.07
|
0.68
|
(0.91
|
)
|
(0.23
|
)
|
(0.68
|
)
|
—
|
(0.68
|
)
|
—
|
*
|
14.16
|
12.13
|
|||||||||||||||||||||||||
2017
|
15.36
|
0.71
|
(0.26
|
)
|
0.45
|
(0.74
|
)
|
—
|
(0.74
|
)
|
—
|
15.07
|
13.57
|
|||||||||||||||||||||||||||
2016
|
14.82
|
0.72
|
0.58
|
1.30
|
(0.76
|
)
|
—
|
(0.76
|
)
|
—
|
15.36
|
13.75
|
||||||||||||||||||||||||||||
2015
|
15.13
|
0.77
|
(0.28
|
)
|
0.49
|
(0.80
|
)
|
—
|
(0.80
|
)
|
—
|
14.82
|
13.26
|
|||||||||||||||||||||||||||
2014
|
13.73
|
0.79
|
1.43
|
2.22
|
(0.82
|
)
|
—
|
(0.82
|
)
|
—
|
15.13
|
13.75
|
(a)
|
Total Return Based on Common Share NAV is the combination of changes in common share NAV, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending NAV. The actual reinvest price for the last dividend declared in the period may often be based on the Fund’s market price (and not its NAV), and therefore may be different from the price used in the calculation. Total returns are not annualized.
Total Return Based on Common Share Price is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total returns are not annualized.
|
Common Share Supplemental Data/
Ratios Applicable to Common Shares
|
||||||||||||||||||||||
Common Share
Total Returns
|
Ratios to Average Net Assets(b)
|
|||||||||||||||||||||
Based
on
NAV(a)
|
Based
on
Share
Price(a)
|
Ending
Net
Assets (000)
|
Expenses(c)
|
Net
Investment
Income (Loss)
|
Portfolio
Turnover
Rate(d)
|
|||||||||||||||||
8.55
|
%
|
12.05
|
%
|
$
|
3,092,618
|
2.57
|
%**
|
4.51
|
%**
|
4
|
%
|
|||||||||||
(2.03
|
)
|
(5.69
|
)
|
2,910,735
|
2.34
|
4.57
|
20
|
|||||||||||||||
3.01
|
3.26
|
3,110,034
|
1.95
|
4.84
|
18
|
|||||||||||||||||
7.54
|
6.88
|
3,179,168
|
1.90
|
4.64
|
11
|
|||||||||||||||||
4.43
|
5.57
|
606,607
|
1.41
|
5.41
|
15
|
|||||||||||||||||
15.19
|
17.10
|
614,452
|
1.73
|
5.82
|
9
|
|||||||||||||||||
8.21
|
12.58
|
3,937,715
|
2.54
|
**
|
4.54
|
**
|
5
|
|||||||||||||||
(1.62
|
)
|
(5.84
|
)
|
3,719,774
|
2.29
|
4.63
|
11
|
|||||||||||||||
3.16
|
4.21
|
3,959,861
|
1.94
|
4.80
|
15
|
|||||||||||||||||
8.84
|
9.33
|
4,037,193
|
1.77
|
4.59
|
12
|
|||||||||||||||||
3.38
|
2.30
|
1,168,847
|
1.46
|
5.16
|
18
|
|||||||||||||||||
16.58
|
18.31
|
1,193,109
|
1.60
|
5.48
|
13
|
(b)
|
Net Investment Income (Loss) ratios reflect income earned and expenses incurred on assets attributable to preferred shares issued by the Fund.
|
(c)
|
The expense ratios reflect, among other things, all interest expense and other costs related to preferred shares (as described in Note 4 – Fund Shares, Preferred Shares) and/or the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund (as described in Note 3 – Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities), where applicable, as follows:
|
NAD
|
|
NEA
|
|
|
Year Ended 10/31:
|
Year Ended 10/31:
|
|||
2019(e)
|
1.62%**
|
2019(e)
|
1.59%**
|
|
2018
|
1.39
|
2018
|
1.35
|
|
2017
|
1.00
|
2017
|
1.00
|
|
2016
|
0.90
|
2016
|
0.78
|
|
2015
|
0.47
|
2015
|
0.50
|
|
2014
|
0.75
|
2014
|
0.61
|
(d)
|
Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 – Investment Transactions) divided by the average long-term market value during the period.
|
(e)
|
For the six months ended April 30, 2019.
|
*
|
Rounds to less than $0.01 per share.
|
**
|
Annualized.
|
|
AMTP Shares
at the End of Period
|
MFP Shares
at the End of Period
|
MTP Shares
at the End of Period(a)
|
VMTP Shares
at the End of Period
|
VRDP Shares
at the End of Period
|
AMTP,
MFP, MTP,
VMTP and/or
VRDP Shares
at the End
of Period
|
||||||||||||||||||||||||||||||||||||||
|
Aggregate
Amount
Outstanding
(000)
|
Asset
Coverage
Per
$100,000
Share
|
Aggregate
Amount
Outstanding
(000)
|
Asset
Coverage
Per
$100,000
Share(c)
|
Aggregate
Amount
Outstanding
(000)
|
Asset
Coverage
Per $10
Share
|
Aggregate
Amount
Outstanding
(000)
|
Asset
Coverage
Per
$100,000
Share
|
Aggregate
Amount
Outstanding
(000)
|
Asset
Coverage
Per
$100,000
Share
|
Asset
Coverage
Per $1
Liquidation
Preference
|
|||||||||||||||||||||||||||||||||
NAD
|
||||||||||||||||||||||||||||||||||||||||||||
Year Ended 10/31:
|
||||||||||||||||||||||||||||||||||||||||||||
2019(b)
|
$
|
545,500
|
$
|
273,304
|
$
|
607,000
|
$
|
273,304
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
632,000
|
$
|
273,304
|
$
|
2.73
|
||||||||||||||||||||||
2018
|
—
|
—
|
607,000
|
263,112
|
—
|
—
|
545,500
|
263,112
|
632,000
|
263,112
|
2.63
|
|||||||||||||||||||||||||||||||||
2017
|
—
|
—
|
—
|
—
|
—
|
—
|
952,500
|
296,279
|
632,000
|
296,279
|
2.96
|
|||||||||||||||||||||||||||||||||
2016
|
—
|
—
|
—
|
—
|
—
|
—
|
952,500
|
300,642
|
632,000
|
300,642
|
3.01
|
|||||||||||||||||||||||||||||||||
2015
|
—
|
—
|
—
|
—
|
—
|
—
|
265,000
|
328,908
|
—
|
—
|
—
|
|||||||||||||||||||||||||||||||||
2014
|
—
|
—
|
—
|
—
|
—
|
—
|
265,000
|
331,869
|
—
|
—
|
—
|
|||||||||||||||||||||||||||||||||
NEA
|
||||||||||||||||||||||||||||||||||||||||||||
Year Ended 10/31:
|
||||||||||||||||||||||||||||||||||||||||||||
2019(b)
|
—
|
—
|
958,000
|
275,142
|
—
|
—
|
—
|
—
|
1,290,300
|
275,142
|
2.75
|
|||||||||||||||||||||||||||||||||
2018
|
—
|
—
|
958,000
|
265,448
|
—
|
—
|
—
|
—
|
1,290,300
|
265,448
|
2.65
|
|||||||||||||||||||||||||||||||||
2017
|
—
|
—
|
—
|
—
|
—
|
—
|
773,000
|
291,919
|
1,290,300
|
291,919
|
2.92
|
|||||||||||||||||||||||||||||||||
2016
|
—
|
—
|
—
|
—
|
—
|
—
|
773,000
|
295,667
|
1,290,300
|
295,667
|
2.96
|
|||||||||||||||||||||||||||||||||
2015
|
—
|
—
|
—
|
—
|
—
|
—
|
151,000
|
333,349
|
349,900
|
333,349
|
3.33
|
|||||||||||||||||||||||||||||||||
2014
|
—
|
—
|
—
|
—
|
—
|
—
|
151,000
|
338,193
|
349,900
|
338,193
|
3.38
|
(a)
|
The Ending and Average Market Value Per Share for each Series of the Fund’s MTP Shares outstanding were as follows:
|
|
2014
|
|||
NAD
|
||||
Series 2015 (NAD PRC)
|
||||
Ending Market Value per Share
|
$
|
—
|
|
|
Average Market Value per Share
|
10.04
|
^ | ||
NEA
|
||||
Series 2015 (NEA PRCCL)
|
||||
Ending Market Value per Share
|
$
|
—
|
||
Average Market Value per Share
|
10.05
|
^ |
(b)
|
For the six months ended April 30, 2019.
|
(c)
|
NEA’s Series D MFP Shares have a $1,000 liquidation preference per share, while all other MFP Shares have a $100,000 liquidation preference per share.
|
^
|
For the period November 1, 2013 through December 20, 2013.
|
·
|
Nuveen Quality Municipal Income Fund (NAD)
|
·
|
Nuveen AMT-Free Quality Municipal Income Fund (NEA)
|
|
NAD
|
NEA
|
||||||
Outstanding when-issued/delayed delivery purchase commitments
|
$
|
4,165,000
|
$
|
14,477,953
|
NAD
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Long-Term Investments:
|
||||||||||||||||
Municipal Bonds*
|
$
|
—
|
$
|
4,894,893,528
|
$
|
—
|
$
|
4,894,893,528
|
||||||||
Corporate Bonds**
|
—
|
—
|
575,878
|
***
|
575,878
|
|||||||||||
Investment Companies
|
530,250
|
—
|
—
|
530,250
|
||||||||||||
Short-Term Investments:
|
||||||||||||||||
Municipal Bonds*
|
—
|
10,330,000
|
—
|
10,330,000
|
||||||||||||
Total
|
$
|
530,250
|
$
|
4,905,223,528
|
$
|
575,878
|
$
|
4,906,329,656
|
||||||||
NEA
|
||||||||||||||||
Long-Term Investments:
|
||||||||||||||||
Municipal Bonds*
|
$
|
—
|
$
|
6,204,171,027
|
$
|
—
|
$
|
6,204,171,027
|
||||||||
Corporate Bonds**
|
—
|
—
|
845,423
|
***
|
845,423
|
|||||||||||
Short-Term Investments:
|
||||||||||||||||
Municipal Bonds*
|
—
|
7,075,000
|
—
|
7,075,000
|
||||||||||||
Total
|
$
|
—
|
$
|
6,211,246,027
|
$
|
845,423
|
$
|
6,212,091,450
|
*
|
Refer to the Fund’s Portfolio of Investments for state classifications.
|
**
|
Refer to the Fund’s Portfolio of Investments for industry classifications.
|
***
|
Refer to the Fund’s Portfolio of Investments for securities classified as Level 3.
|
Floating Rate Obligations Outstanding
|
NAD
|
NEA
|
||||||
Floating rate obligations: self-deposited Inverse Floaters
|
$
|
86,275,000
|
$
|
94,660,000
|
||||
Floating rate obligations: externally-deposited Inverse Floaters
|
61,720,000
|
121,350,000
|
||||||
Total
|
$
|
147,995,000
|
$
|
216,010,000
|
Self-Deposited Inverse Floaters
|
NAD
|
NEA
|
||||||
Average floating rate obligations outstanding
|
$
|
87,211,464
|
$
|
96,143,425
|
||||
Average annual interest rate and fees
|
2.21
|
%
|
2.19
|
%
|
Floating Rate Obligations — Recourse Trusts
|
NAD
|
NEA
|
||||||
Maximum exposure to Recourse Trusts: self-deposited Inverse Floaters
|
$
|
59,845,000
|
$
|
84,145,000
|
||||
Maximum exposure to Recourse Trusts: externally-deposited Inverse Floaters
|
42,480,000
|
102,540,000
|
||||||
Total
|
$
|
102,325,000
|
$
|
186,685,000
|
|
NAD
|
NEA
|
||||||||||||||
|
Six Months
|
Year
|
Six Months
|
Year
|
||||||||||||
|
Ended
|
Ended
|
Ended
|
Ended
|
||||||||||||
|
4/30/19
|
10/31/18
|
4/30/19
|
10/31/18
|
||||||||||||
Common shares:
|
||||||||||||||||
Repurchased and retired
|
—
|
(17,900
|
)
|
—
|
(55,700
|
)
|
||||||||||
Weighted average common share:
|
||||||||||||||||
Price per share repurchased and retired
|
—
|
$
|
12.33
|
—
|
$
|
12.10
|
||||||||||
Discount per share repurchased and retired
|
—
|
14.96
|
%
|
—
|
14.89
|
%
|
|
|
Shares
|
Liquidation
|
Fund
|
Series
|
Outstanding
|
Preference
|
NAD
|
2028
|
3,370
|
$337,000,000
|
|
2028-1
|
2,085
|
$208,500,000
|
|
Liquidation
|
Notice
|
|
Term
|
Premium
|
|
Fund
|
Preference
|
Period
|
Series
|
Redemption Date
|
Expiration Date
|
|
NAD
|
$337,000,000
|
360-day
|
2028
|
December 1, 2028*
|
November 30, 2019
|
|
|
$208,500,000
|
360-day
|
2028-1
|
December 1, 2028*
|
November 30, 2019
|
|
* Subject to early termination by either the Fund or the holder.
|
NAD* | |
Average liquidation preference of AMTP Shares outstanding
|
545,500,000
|
Annualized dividend rate
|
2.53%
|
|
|
* For the period December 13, 2018 (first issuance of shares) through April 30, 2019.
|
·
|
Variable Rate Remarketed Mode (“VRRM”) – Dividends for MFP Shares within this mode will be established by a remarketing agent; therefore, market value of the MFP Shares is expected to approximate its liquidation preference. Shareholders have the ability to request a best-efforts tender of its shares upon seven days notice. If the remarketing agent is unable to identify an alternative purchaser, the shares will be retained by the shareholder requesting tender and the subsequent dividend rate will increase to its step-up dividend rate. If after one consecutive year of unsuccessful remarketing attempts, the Fund will be required to designate an alternative mode or redeem the shares.
Each Fund will pay a remarketing fee on the aggregate principal amount of all MFP Shares while designated in VRRM. Payments made by the Fund to the remarketing agent are recognized as “Remarketing fees” on the Statement of Operations. |
·
|
Variable Rate Mode (“VRM”) – Dividends for MFP Shares designated in this mode are based upon a short-term index plus an additional fixed “spread” amount established at the time of issuance or renewal / conversion of its mode. At the end of the period of the mode, the Fund will be required to either extend the term of the mode, designate an alternative mode or redeem the MFP Shares.
The fair value of MFP Shares while in VRM are expected to approximate their liquidation preference so long as the fixed “spread” on the shares remains roughly in line with the “spread” being demanded by investors on instruments having similar terms in the current market. In current market conditions, the Adviser has determined that the fair value of the shares are approximately their liquidation preference, but their fair value could vary if market conditions change materially. |
·
|
Variable Rate Demand Mode (“VRDM”) – Dividends for MFP Shares designated in this mode will be established by a remarketing agent; therefore, the market value of the MFP Shares is expected to approximate its liquidation preference. While in this mode, Shares will have an unconditional liquidity feature that enable its shareholders to require a liquidity provider, which the Fund has entered into a contractual agreement, to purchase shares in the event that the shares are not able to be successfully remarketed. In the event that shares within this mode are unable to be successfully remarketed and are purchased by the liquidity provider, the dividend rate will be the maximum rate which is designed to escalate according to a specified schedule in order to enhance the remarketing agent’s ability to successfully remarket the shares. Each Fund is required redeem any shares that are still owned by a liquidity provider after six months of continuous, unsuccessful remarketing.
The Fund will pay a liquidity and remarketing fee on the aggregate principal amount of all MFP shares while within VRDM. Payments made by the Fund to the liquidity provider and remarketing agent are recognized as “Liquidity fees” and “Remarketing fees”, respectively, on the Statement Operations. |
|
|
Shares
|
Liquidation
|
Term
|
|
Mode
|
Fund
|
Series
|
Outstanding
|
Preference
|
Redemption Date
|
Mode
|
Termination Date
|
NAD
|
A
|
6,070
|
$607,000,000
|
1/03/28
|
VRM
|
1/03/28*
|
NEA
|
A
|
1,850
|
$185,000,000
|
2/03/48
|
VRM
|
2/03/48*
|
|
B
|
3,350
|
335,000,000
|
3/02/28
|
VRM
|
3/02/28*
|
|
C
|
2,380
|
238,000,000
|
3/02/28
|
VRM
|
3/02/28*
|
|
D
|
200,000
|
200,000,000
|
3/01/29
|
VRRM
|
N/A
|
|
||||||
* Subject to earlier termination by either the Fund or the holder.
|
|
NAD
|
NEA
|
Average liquidation preference of MFP Shares outstanding
|
$607,000,000
|
$958,000,000
|
Annualized dividend rate
|
2.42%
|
2.48%
|
|
NAD*
|
Average liquidation preference of VMTP Shares outstanding
|
$545,500,000
|
Annualized dividend rate
|
2.64%
|
* For the period November 1, 2018 through December 12, 2018.
|
|
|
Shares
|
Liquidation
|
|
Fund
|
Series
|
Outstanding
|
Preference
|
Maturity
|
NAD
|
1
|
2,368
|
$236,800,000
|
September 11, 2026
|
|
2
|
2,675
|
267,500,000
|
September 11, 2026
|
|
3
|
1,277
|
127,700,000
|
September 11, 2026
|
NEA
|
1
|
2,190
|
$219,000,000
|
June 1, 2040
|
|
2
|
1,309
|
130,900,000
|
December 1, 2040
|
|
3
|
3,509
|
350,900,000
|
March 1, 2040
|
|
4
|
4,895
|
489,500,000
|
September 11, 2026
|
|
5
|
1,000
|
100,000,000
|
October 1, 2046
|
|
NAD
|
NEA
|
Average liquidation preference of VRDP Shares outstanding
|
$632,000,000
|
$1,290,300,000
|
Annualized dividend rate
|
1.78%
|
1.71%
|
|
Six Months Ended
April 30, 2019
|
|||||||||||
NAD
|
Series
|
Shares
|
Amount
|
|||||||||
AMTP Shares issued
|
2028
|
3,370
|
$
|
337,000,000
|
||||||||
|
2028-1
|
2,085
|
208,500,000
|
|||||||||
Net increase (decrease)
|
5,455
|
$
|
545,500,000
|
|
Year Ended
October 31, 2018
|
|||||||||||
NAD
|
Series
|
Shares
|
Amount
|
|||||||||
MFP Shares issued
|
A
|
6,070
|
$
|
607,000,000
|
||||||||
|
Six Months Ended
April 30, 2019
|
|||||||||||
NEA
|
Series
|
Shares
|
Amount
|
|||||||||
MFP Share issued
|
D
|
200,000
|
$
|
200,000,000
|
||||||||
MFP Share redeemed
|
B
|
(2,000
|
)
|
(200,000,000
|
)
|
|||||||
Net increase (decrease)
|
198,000
|
$
|
—
|
|||||||||
|
Year Ended
October 31, 2018
|
|||||||||||
NEA
|
Series
|
Shares
|
Amount
|
|||||||||
MFP Shares issued
|
A
|
1,850
|
$
|
185,000,000
|
||||||||
|
B
|
5,350
|
535,000,000
|
|||||||||
|
C
|
2,380
|
238,000,000
|
|||||||||
Net increase (decrease)
|
9,580
|
$
|
958,000,000
|
|
Six Months Ended
April 30, 2019
|
|||||||||||
NAD
|
Series
|
Shares
|
Amount
|
|||||||||
VMTP Shares redeemed
|
2019
|
(3,370
|
)
|
$
|
(337,000,000
|
)
|
||||||
|
2019-1
|
(2,085
|
)
|
(208,500,000
|
)
|
|||||||
Net increase (decrease)
|
(5,455
|
)
|
$
|
(545,500,000
|
)
|
|||||||
|
Year Ended
October 31, 2018
|
|||||||||||
NAD
|
Series
|
Shares
|
Amount
|
|||||||||
VMTP Shares redeemed
|
2018
|
(4,070
|
)
|
$
|
(407,000,000
|
)
|
||||||
|
Year Ended
October 31, 2018
|
|||||||||||
NEA
|
Series
|
Shares
|
Amount
|
|||||||||
VMTP Shares redeemed
|
2019
|
(2,380
|
)
|
$
|
(238,000,000
|
)
|
||||||
|
2018
|
(5,350
|
)
|
(535,000,000
|
)
|
|||||||
Net increase (decrease)
|
(7,730
|
)
|
$
|
(773,000,000
|
)
|
|
NAD
|
NEA
|
||||||
Purchases
|
$
|
209,838,510
|
$
|
288,486,021
|
||||
Sales and maturities
|
229,719,089
|
320,286,377
|
|
NAD
|
NEA
|
||||||
Tax cost of investments
|
$
|
4,457,912,261
|
$
|
5,626,256,345
|
||||
Gross unrealized:
|
||||||||
Appreciation
|
$
|
369,169,130
|
$
|
497,746,466
|
||||
Depreciation
|
(7,026,153
|
)
|
(6,572,147
|
)
|
||||
Net unrealized appreciation (depreciation) of investments
|
$
|
362,142,977
|
$
|
491,174,319
|
|
NAD
|
NEA
|
||||||
Undistributed net tax-exempt income1
|
$
|
348,904
|
$
|
1,712,028
|
||||
Undistributed net ordinary income2
|
562,276
|
1,519,642
|
||||||
Undistributed net long-term capital gains
|
—
|
—
|
1
|
Undistributed net tax-exempt income (on a tax basis) has not been reduced for the dividend declared on October 1, 2018, and paid on November 1, 2018. |
2
|
Net ordinary income consists of taxable market discount income and net short-term capital gains, if any. |
|
NAD
|
NEA
|
||||||
Distributions from net tax-exempt income
|
$
|
173,386,092
|
$
|
217,103,284
|
||||
Distributions from net ordinary income2
|
951,380
|
1,182,494
|
||||||
Distributions from net long-term capital gains
|
—
|
—
|
2
|
Net ordinary income consists of taxable market discount income and net short-term capital gains, if any. |
|
NAD3
|
NEA3
|
||||||
Not subject to expiration:
|
||||||||
Short-term
|
$
|
26,606,543
|
$
|
21,964,832
|
||||
Long-term
|
13,193,467
|
32,217,521
|
||||||
Total
|
$
|
39,800,010
|
$
|
54,182,353
|
3
|
A portion of NAD’s and NEA’s capital loss carryforwards are subject to an annual limitation under the Internal Revenue Code and related regulations.
|
|
NAD
|
NEA
|
||||||
Expired capital loss carryforwards
|
$
|
76,136
|
$
|
3,341,464
|
Averaged Daily Managed Assets*
|
Fund-Level Fee Rate
|
|||
For the first $125 million
|
0.4500
|
%
|
||
For the next $125 million
|
0.4375
|
|||
For the next $250 million
|
0.4250
|
|||
For the next $500 million
|
0.4125
|
|||
For the next $1 billion
|
0.4000
|
|||
For the next $3 billion
|
0.3750
|
|||
For managed assets over $5 billion
|
0.3625
|
Complex-Level Eligible Asset Breakpoint Level*
|
Effective Complex-Level Fee Rate at Breakpoint Level
|
|||
$55 billion
|
0.2000
|
%
|
||
$56 billion
|
0.1996
|
|||
$57 billion
|
0.1989
|
|||
$60 billion
|
0.1961
|
|||
$63 billion
|
0.1931
|
|||
$66 billion
|
0.1900
|
|||
$71 billion
|
0.1851
|
|||
$76 billion
|
0.1806
|
|||
$80 billion
|
0.1773
|
|||
$91 billion
|
0.1691
|
|||
$125 billion
|
0.1599
|
|||
$200 billion
|
0.1505
|
|||
$250 billion
|
0.1469
|
|||
$300 billion
|
0.1445
|
*
|
For the complex-level fees, managed assets include closed-end fund assets managed by the Adviser that are attributable to certain types of leverage. For these purposes, leverage includes the funds’ use of preferred stock and borrowings and certain investments in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively financed by the trust’s issuance of floating rate securities, subject to an agreement by the Adviser as to certain funds to limit the amount of such assets for determining managed assets in certain circumstances. The complex-level fee is calculated based upon the aggregate daily managed assets of all Nuveen open-end and closed-end funds that constitute “eligible assets.” Eligible assets do not include assets attributable to investments in other Nuveen funds or assets in excess of a determined amount (originally $2 billion) added to the Nuveen fund complex in connection with the Adviser’s assumption of the management of the former First American Funds effective January 1, 2011. As of April 30, 2019, the complex-level fee for each Fund was 0.1580%.
|
Inter-Fund Trades
|
NAD
|
NEA
|
||||||
Purchases
|
$
|
2,126,800
|
$
|
10,351,658
|
||||
Sales
|
9,443,930
|
4,381,871
|
|
NAD
|
NEA
|
||||||
Maximum outstanding balance
|
$
|
11,764,511
|
$
|
16,918,764
|
|
NAD
|
NEA
|
||||||
Average daily balance outstanding
|
$
|
11,764,511
|
$
|
16,918,764
|
||||
Average annual interest rate
|
3.50
|
%
|
3.50
|
%
|
Target Funds
|
Acquiring Funds
|
|
Nuveen Texas Quality Municipal Income Fund (NTX) |
NAD
|
|
Nuveen North Carolina Quality Municipal Income Fund (NNC) | NEA |
Board of Trustees
|
|
|
|
|
|
|
Margo Cook*
|
Jack B. Evans
|
William C. Hunter
|
Albin F. Moschner
|
John K. Nelson
|
Judith M. Stockdale
|
|
Carole E. Stone
|
Terence J. Toth
|
Margaret L. Wolff
|
Robert L. Young
|
|
|
|
|
||||||
* Interested Board Member.
|
||||||
|
||||||
Fund Manager
|
Custodian
|
Legal Counsel
|
|
Independent Registered
|
Transfer Agent and
|
|
Nuveen Fund Advisors, LLC
|
State Street Bank
|
Chapman and Cutler LLP
|
Public Accounting Firm
|
Shareholder Services
|
||
333 West Wacker Drive
|
& Trust Company
|
Chicago, IL 60603
|
|
KPMG LLP
|
Computershare Trust
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Chicago, IL 60606
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One Lincoln Street
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200 East Randolph Street
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Company, N.A.
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Boston, MA 02111
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Chicago, IL 60601
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250 Royall Street
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Canton, MA 02021
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(800) 257-8787
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NAD
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NEA
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Common shares repurchased
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Auction Rate Bond: An auction rate bond is a security whose interest payments are adjusted periodically through an auction process, which process typically also serves as a means for buying and selling the bond. Auctions that fail to attract enough buyers for all the shares offered for sale are deemed to have “failed,” with current holders receiving a formula-based interest rate until the next scheduled auction.
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Average Annual Total Return: This is a commonly used method to express an investment’s performance over a particular, usually multi-year time period. It expresses the return that would have been necessary each year to equal the investment’s actual cumula- tive performance (including change in NAV or market price and reinvested dividends and capital gains distributions, if any) over the time period being considered.
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Duration: Duration is a measure of the expected period over which a bond’s principal and interest will be paid, and consequently is a measure of the sensitivity of a bond’s or bond fund’s value to changes when market interest rates change. Generally, the longer a bond’s or fund’s duration, the more the price of the bond or fund will change as interest rates change.
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Effective Leverage: Effective leverage is a fund’s effective economic leverage, and includes both regulatory leverage (see leverage) and the leverage effects of certain derivative investments in the fund’s portfolio. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings are included in effective leverage values, in addition to any regulatory leverage.
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Inverse Floating Rate Securities: Inverse floating rate securities, also known as inverse floaters or tender option bonds (TOBs), are created by depositing a municipal bond, typically with a fixed interest rate, into a special purpose trust. This trust, in turn, (a) issues floating rate certificates typically paying short-term tax-exempt interest rates to third parties in amounts equal to some fraction of the deposited bond’s par amount or market value, and (b) issues an inverse floating rate certificate (sometimes referred to as an “inverse floater”) to an investor (such as a fund) interested in gaining investment exposure to a long-term municipal bond. The income received by the holder of the inverse floater varies inversely with the short-term rate paid to the floating rate certificates’ holders, and in most circumstances the holder of the inverse floater bears substantially all of the under- lying bond’s downside investment risk. The holder of the inverse floater typically also benefits disproportionately from any potential appreciation of the underlying bond’s value. Hence, an inverse floater essentially represents an investment in the underlying bond on a leveraged basis.
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Leverage: Leverage is created whenever a fund has investment exposure (both reward and/or risk) equivalent to more than 100% of the investment capital.
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NAD and NEA Custom Blended Fund Performance Benchmark: The Fund Performance Benchmark is an unleveraged index consisting of the returns of the S&P Municipal Bond Index prior to 9/12/16 and thereafter the returns of an 80%/20% blend of the S&P Municipal Bond Investment Grade Index and the S&P Municipal Bond High Yield Index, respectively. The S&P Municipal Bond Index is an unmanaged, market value-weighted index designed to measure the performance of tax-exempt municipal bonds. The S&P Municipal Bond Investment Grade Index is an unmanaged, market value-weighted index designed to measure the perform- ance of tax-exempt municipal bonds rated investment grade by Standard & Poor’s, Moody’s and/or Fitch. The S&P Municipal Bond High Yield Index is an unmanaged, market value-weighted index designed to measure the performance of the tax-exempt, high yield municipal bonds. Index returns assume compounding and do not include the effects of any fees or expenses.
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Net Asset Value (NAV) Per Share: A fund’s Net Assets is equal to its total assets (securities, cash, accrued earnings and receiv- ables) less its total liabilities. NAV per share is equal to the fund’s Net Assets divided by its number of shares outstanding.
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Pre-Refunding: Pre-Refunding, also known as advanced refundings or refinancings, is a procedure used by state and local governments to refinance municipal bonds to lower interest expenses. The issuer sells new bonds with a lower yield and uses the proceeds to buy U.S. Treasury securities, the interest from which is used to make payments on the higher-yielding bonds. Because of this collateral, pre-refunding generally raises a bond’s credit rating and thus its value.
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Regulatory Leverage: Regulatory leverage consists of preferred shares issued by or borrowings of a fund. Both of these are part of a fund’s capital structure. Regulatory leverage is subject to asset coverage limits set in the Investment Company Act of 1940.
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S&P Municipal Bond Index: An unleveraged, market value-weighted index designed to measure the performance of the tax-exempt, investment-grade U.S. municipal bond market. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees.
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Total Investment Exposure: Total investment exposure is a fund’s assets managed by the Adviser that are attributable to financial leverage. For these purposes, financial leverage includes a fund’s use of preferred stock and borrowings and investments in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively financed by the trust’s issuance of floating rate securities.
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Zero Coupon Bond: A zero coupon bond does not pay a regular interest coupon to its holders during the life of the bond. Income to the holder of the bond comes from accretion of the difference between the original purchase price of the bond at issuance and the par value of the bond at maturity and is effectively paid at maturity. The market prices of zero coupon bonds generally are more volatile than the market prices of bonds that pay interest periodically.
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Nuveen Securities, LLC, member FINRA and SIPC | 333 West Wacker Drive Chicago, IL 60606 | www.nuveen.com
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(a)
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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 Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)(17 CFR 240.13a-15(b) or 240.15d-15(b)).
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(b)
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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 period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
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(a)(1)
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Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing.
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(a)(2)
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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)) in the exact form set forth below: See Ex-99.CERT attached hereto.
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(a)(3)
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Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons: Not applicable.
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(a)(4)
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Change in the registrant’s independent public accountant. Not applicable.
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(b)
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If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)); Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an exhibit. A certification furnished pursuant to this paragraph will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference: See Ex-99.906 CERT attached hereto.
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