Investment Company Act file number | 811-21213 |
Registrant’s telephone number, including area code: | (312) 917-7700 |
Date of fiscal year end: | October 31 |
Date of reporting period: | October 31, 2022 |
ITEM 1. | REPORTS TO STOCKHOLDERS. |
Closed-End |
31 October |
Funds |
2022 |
NAD |
Nuveen Quality Municipal Income Fund |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Chair’s Letter to Shareholders |
4 |
Portfolio Managers’ Comments |
5 |
Fund Leverage |
8 |
Common Share Information |
10 |
Performance Overview and Holding Summaries |
12 |
Shareholder Meeting Report |
16 |
Report of Independent Registered Public Accounting Firm |
17 |
Portfolios of Investments |
18 |
Statement of Assets and Liabilities |
113 |
Statement of Operations |
114 |
Statement of Changes in Net Assets |
115 |
Statement of Cash Flows |
116 |
Financial Highlights |
118 |
Notes to Financial Statements |
121 |
Shareholder Update |
135 |
Important Tax Information |
154 |
Additional Fund Information |
155 |
Glossary of Terms Used in this Report |
156 |
Annual Investment Management Agreement Approval Process |
158 |
Board Members & Officers |
168 |
NAD** |
NEA** | |
Effective Leverage* |
42.56% |
43.07% |
Regulatory Leverage* |
40.86% |
41.33% |
* | 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 and reverse repurchase agreements 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. |
** | Percentages do not include preferred shares noticed for redemption as noted on the Statement of Assets and Liabilities. |
Variable Rate |
Variable Rate |
||
Preferred* |
Remarketed Preferred** |
||
Shares |
Shares |
||
Issued at |
Issued at |
||
Liquidation |
Liquidation |
||
Preference |
Preference |
Total | |
NAD*** |
$1,406,500,000 |
$ 504,300,000 |
$1,910,800,000 |
NEA*** |
$ 693,000,000 |
$1,728,300,000 |
$2,421,300,000 |
* | 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, MFP-VRM and VRDP in Special Rate Mode, where applicable. See Notes to Financial Statements, Note 5 – Fund 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 5 – Fund Shares for further details. |
*** | Amounts do not include preferred shares noticed for redemption as noted on the Statement of Assets and Liabilities. |
Per Common | ||
Share Amounts | ||
Monthly Distributions (Ex-Dividend Date) |
NAD |
NEA |
November 2021 |
0.0595 |
$0.0585 |
December |
0.0595 |
0.0585 |
January |
0.0595 |
0.0585 |
February |
0.0595 |
0.0585 |
March |
0.0595 |
0.0585 |
April |
0.0595 |
0.0525 |
May |
0.0595 |
0.0525 |
June |
0.0595 |
0.0525 |
July |
0.0540 |
0.0525 |
August |
0.0540 |
0.0525 |
September |
0.0540 |
0.0525 |
October 2022 |
0.0465 |
0.0445 |
Total Distributions from Net Investment Income |
$0.6845 |
$0.6520 |
Yields |
||
Market Yield* |
5.25% |
5.17% |
Taxable-Equivalent Yield* |
8.86% |
8.72% |
* | 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 40.8%. 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 |
23,340,000 |
29,900,000 |
NAD |
NEA | |
Common share NAV |
$11.85 |
$ |
Common share price |
$10.63 |
$ |
Premium/(Discount) to NAV |
(10.30)% |
( |
Average premium/(discount) to NAV |
(6.18)% |
(6.80)% |
NAD |
Nuveen Quality Municipal Income Fund |
Performance Overview and Holding Summaries as of October 31, 2022 |
Average Annual |
|||
1-Year |
5-Year |
10-Year | |
NAD at Common Share NAV |
(22.79)% |
(0.81)% |
1.98% |
NAD at Common Share Price |
(28.38)% |
(0.45)% |
1.52% |
S&P Municipal Bond Index |
(11.36)% |
0.50% |
1.77% |
NAD Blended Benchmark |
(11.99)% |
0.74% |
1.87% |
Fund Allocation |
|
(% of net assets) |
|
Long-Term Municipal Bonds |
170.4% |
Investment Companies |
0.0% |
Variable Rate Senior Loan Interests |
0.0% |
Other Assets Less Liabilities |
4.0% |
Net Assets Plus Borrowings, Floating Rate |
|
Obligations, AMTP Shares, net of deferred |
|
offering costs, MFP Shares, net of deferred | |
offering costs & VRDP Shares, net of |
|
deferred offering costs |
174.4% |
Borrowings |
(1.9)% |
Floating Rate Obligations |
(3.5)% |
AMTP Shares, net of deferred |
|
offering costs |
(26.3)% |
MFP Shares, net of deferred |
|
offering costs |
(24.5)% |
VRDP Shares, net of deferred |
|
offering costs |
(18.2)% |
Net Assets |
100% |
Portfolio Credit Quality |
|
(% of total investments exposure) |
|
U.S. Guaranteed |
10.6% |
AAA |
1.8% |
AA |
19.0% |
A |
38.4% |
BBB |
16.5% |
BB or Lower |
6.1% |
N/R (not rated) |
7.6% |
N/A (not applicable) |
0.0% |
Total |
100% |
Portfolio Composition |
|
(% of total investments) |
|
Transportation |
26.9% |
Health Care |
18.2% |
Tax Obligation/Limited |
15.0% |
U.S. Guaranteed |
10.4% |
Tax Obligation/General |
9.4% |
Utilities |
9.3% |
Education and Civic Organizations |
4.8% |
Investment Companies |
0.0% |
Variable Rate Senior Loan Interests |
0.0% |
Other |
6.0% |
Total |
100% |
States and Territories 1 |
|
(% of total municipal bonds) |
|
Texas |
10.8% |
Illinois |
9.6% |
California |
7.7% |
Colorado |
7.0% |
Maryland |
6.2% |
New York |
5.8% |
Florida |
5.3% |
Pennsylvania |
3.7% |
Ohio |
3.2% |
Missouri |
3.2% |
New Jersey |
3.1% |
South Carolina |
2.6% |
Washington |
2.2% |
Louisiana |
2.2% |
Michigan |
2.0% |
Oregon |
1.9% |
Arizona |
1.8% |
Wisconsin |
1.7% |
Minnesota |
1.6% |
Other |
18.4% |
Total |
100% |
NEA |
Nuveen AMT-Free Quality Municipal |
Income Fund | |
Performance Overview and Holding Summaries as of October 31, 2022 |
Average Annual |
|||
1-Year |
5-Year |
10-Year | |
NEA at Common Share NAV |
(23.31)% |
(0.97)% |
1.91% |
NEA at Common Share Price |
(28.47)% |
(0.61)% |
1.06% |
S&P Municipal Bond Index |
(11.36)% |
0.50% |
1.77% |
NEA Blended Benchmark |
(11.99)% |
0.74% |
1.87% |
Fund Allocation |
|
(% of net assets) |
|
Long-Term Municipal Bonds |
171.4% |
Other Assets Less Liabilities |
2.9% |
Net Assets Plus Borrowings, Floating Rate |
|
Obligations, AMTP Shares, net of deferred |
|
offering costs, MFP Shares, net of deferred | |
offering costs & VRDP Shares, net of |
|
deferred offering costs |
174.3% |
Borrowings |
(0.9)% |
Floating Rate Obligations |
(3.2)% |
AMTP Shares, net of deferred |
|
offering costs |
(5.0)% |
MFP Shares, net of deferred |
|
offering costs |
(31.6)% |
VRDP Shares, net of deferred |
|
offering costs |
(33.6)% |
Net Assets |
100% |
Portfolio Credit Quality |
|
(% of total investments exposure) |
|
U.S. Guaranteed |
13.0% |
AAA |
3.0% |
AA |
25.4% |
A |
34.5% |
BBB |
13.8% |
BB or Lower |
4.4% |
N/R (not rated) |
5.9% |
Total |
100% |
Portfolio Composition |
|
(% of total investments) |
|
Health Care |
21.1% |
Tax Obligation/Limited |
17.0% |
Transportation |
15.0% |
U.S. Guaranteed |
13.4% |
Tax Obligation/General |
11.7% |
Utilities |
10.2% |
Education and Civic Organizations |
6.7% |
Other |
4.9% |
Total |
100% |
States and Territories 1 |
|
(% of total municipal bonds) |
|
Illinois |
9.7% |
Michigan |
8.4% |
Colorado |
8.0% |
Texas |
7.4% |
New York |
5.9% |
California |
4.5% |
Florida |
4.4% |
New Jersey |
4.3% |
Ohio |
4.1% |
Missouri |
3.7% |
Pennsylvania |
3.6% |
North Carolina |
3.2% |
South Carolina |
2.8% |
Minnesota |
2.6% |
Wisconsin |
2.6% |
District of Columbia |
2.3% |
Georgia |
2.3% |
Washington |
1.7% |
Other |
18.5% |
Total |
100% |
1 |
See the Portfolio of Investments for the remaining states comprising “Other” and not listed in the table above. |
NAD |
NEA |
|||||
Common and |
Preferred |
Common and |
Preferred | |||
Preferred |
Shares |
Preferred |
Shares | |||
shares voting |
voting |
shares voting |
voting | |||
together |
together |
together |
together | |||
as a class |
as a class |
as a class |
as a class | |||
Approval of the Board Members was reached as follows: |
||||||
Judith M. Stockdale |
||||||
For |
181,321,873 |
— |
227,397,585 |
— | ||
Withhold |
5,176,939 |
— |
9,993,142 |
— | ||
Total |
186,498,812 |
— |
237,390,727 |
— | ||
Carole E. Stone |
||||||
For |
181,367,775 |
— |
227,450,763 |
— | ||
Withhold |
5,131,037 |
— |
9,939,964 |
— | ||
Total |
186,498,812 |
— |
237,390,727 |
— | ||
Margaret L. Wolff |
||||||
For |
182,602,674 |
— |
230,447,850 |
— | ||
Withhold |
3,896,138 |
— |
6,942,877 |
— | ||
Total |
186,498,812 |
— |
237,390,727 |
— | ||
William C. Hunter |
||||||
For |
— |
20,385 |
— |
315,099 | ||
Withhold |
— |
— |
— |
— | ||
Total |
— |
20,385 |
— |
315,099 | ||
Albin F. Moschner |
||||||
For |
— |
20,385 |
— |
315,099 | ||
Withhold |
— |
— |
— |
— | ||
Total |
— |
20,385 |
— |
315,099 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
LONG-TERM INVESTMENTS – 170.4% (100.0% of Total Investments) |
||||
MUNICIPAL BONDS – 170.4% (100.0% of Total Investments) |
||||
Alabama – 1.0% (0.6% of Total Investments) |
||||
$ 5,000 |
Alabama Special Care Facilities Financing Authority, Revenue Bonds, Ascension Health, |
5/26 at 100.00 |
N/R |
$ 4,943,900 |
Series 2016C, 5.000%, 11/15/46 |
||||
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+ |
5,146,450 |
5,455 |
5.000%, 10/01/34 – AGM Insured (AMT) |
10/27 at 100.00 |
BBB+ |
5,601,740 |
5,550 |
5.000%, 10/01/35 – AGM Insured (AMT) |
10/27 at 100.00 |
BBB+ |
5,690,526 |
4,035 |
Gardendale, Alabama, General Obligation Warrants, Series 2021B, 4.000%, 5/01/51 |
5/31 at 100.00 |
AA– |
3,383,025 |
1,000 |
Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 3, Series |
9/29 at 100.10 |
N/R |
1,011,390 |
2022A-1, 2022A-2, 5.500%, 1/01/53 (Mandatory Put 12/01/29) (WI/DD, Settling 11/01/22) |
||||
4,165 |
Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone |
5/29 at 100.00 |
N/R |
3,396,682 |
Bonds, Hunt Refining Project, Refunding Series 2019A, 5.250%, 5/01/44, 144A |
||||
30,205 |
Total Alabama |
29,173,713 | ||
Alaska – 0.3% (0.2% 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 |
1,592,893 |
3,400 |
5.000%, 1/01/25 (AMT) |
No Opt. Call |
Baa2 |
3,450,660 |
1,000 |
5.000%, 1/01/28 (AMT) |
7/25 at 100.00 |
Baa2 |
1,008,350 |
1,075 |
5.000%, 1/01/29 (AMT) |
7/25 at 100.00 |
Baa2 |
1,082,923 |
300 |
5.000%, 1/01/31 (AMT) |
7/25 at 100.00 |
Baa2 |
301,527 |
395 |
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed |
6/31 at 100.00 |
BBB+ |
310,442 |
Bonds, Senior Series 2021A Class 1, 4.000%, 6/01/50 |
||||
7,750 |
Total Alaska |
7,746,795 | ||
Arizona – 3.0% (1.8% of Total Investments) |
||||
3,815 |
Arizona Board of Regents, University of Arizona, Speed Revenue Bonds, Stimulus Plan for |
8/30 at 100.00 |
A+ |
3,334,463 |
Economic and Educational Development, Refunding Series 2020A, 4.000%, 8/01/44 |
||||
2,500 |
Arizona Health Facilities Authority, Revenue Bonds, Scottsdale Lincoln Hospitals |
12/24 at 100.00 |
A2 |
2,504,550 |
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– |
2,001,800 |
Math & Science Projects, Series 2018A, 5.000%, 7/01/48 |
||||
11,795 |
Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, |
1/27 at 100.00 |
AA– |
11,132,003 |
Refunding Series 2016A, 4.000%, 1/01/36 |
||||
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien |
||||
Series 2019A: |
||||
5,000 |
4.000%, 7/01/44 |
7/29 at 100.00 |
A |
4,212,650 |
2,500 |
4.000%, 7/01/49 |
7/29 at 100.00 |
A |
2,036,425 |
4,665 |
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien |
7/29 at 100.00 |
A |
4,442,246 |
Series 2019B, 5.000%, 7/01/49 (AMT) |
||||
12,935 |
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien |
7/27 at 100.00 |
A+ |
12,735,542 |
Series 2017A, 5.000%, 7/01/42 (AMT) |
||||
6,000 |
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien |
7/28 at 100.00 |
A+ |
5,815,380 |
Series 2018, 5.000%, 7/01/48 (AMT) |
||||
7,000 |
Phoenix Civic Improvement Corporation, Arizona, Revenue Bonds, Civic Plaza Expansion |
No Opt. Call |
AA |
7,889,280 |
Project, Series 2005B, 5.500%, 7/01/39 – FGIC Insured |
||||
1,000 |
Pinal County Electrical District 4, Arizona, Electric System Revenue Bonds, Refunding |
12/25 at 100.00 |
AA |
929,640 |
Series 2015, 4.000%, 12/01/38 – AGM Insured |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Arizona |
||||
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+ |
$ 523,270 |
24,765 |
5.000%, 12/01/37 |
No Opt. Call |
BBB+ |
24,438,102 |
1,100 |
Student and Academic Services LLC, Arizona, Lease Revenue Bonds, Northern Arizona |
6/24 at 100.00 |
A2 |
1,120,581 |
University Project, Series 2014, 5.000%, 6/01/34 – BAM Insured |
||||
85,575 |
Total Arizona |
83,115,932 | ||
Arkansas – 0.3% (0.2% of Total Investments) |
||||
5,020 |
Arkansas Development Finance Authority, Arkansas, Environmental Improvement Revenue |
9/25 at 105.00 |
BB– |
4,541,946 |
Bonds, United States Steel Corporation, Green Series 2022, 5.450%, 9/01/52 (AMT), 144A |
||||
4,000 |
Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River |
9/26 at 103.00 |
B– |
3,137,760 |
Steel Project, Series 2019, 4.500%, 9/01/49 (AMT), 144A |
||||
2,055 |
Arkansas State University, Student Fee Revenue Bonds, Jonesboro Campus, Series 2013, |
12/23 at 100.00 |
A1 |
1,889,079 |
4.875%, 12/01/43 |
||||
11,075 |
Total Arkansas |
9,568,785 | ||
California – 13.2% (7.7% of Total Investments) |
||||
2,665 |
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second |
10/32 at 100.00 |
BBB |
2,663,188 |
Subordinate Lien Series 2022C, 5.000%, 10/01/52 – AGM Insured |
||||
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement |
||||
Project, Series 1997C: |
||||
2,945 |
0.000%, 9/01/27 – AGM Insured |
No Opt. Call |
A2 |
2,425,973 |
7,150 |
0.000%, 9/01/28 – AGM Insured |
No Opt. Call |
A2 |
5,626,121 |
2,455 |
0.000%, 9/01/32 – AGM Insured |
No Opt. Call |
A2 |
1,579,351 |
95 |
0.000%, 9/01/35 – AGM Insured |
No Opt. Call |
AA |
51,770 |
105 |
0.000%, 9/01/35 – AGM Insured (ETM) |
No Opt. Call |
AA (4) |
61,385 |
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) |
10,082,000 |
3,500 |
5.250%, 4/01/53 (Pre-refunded 4/01/23) |
4/23 at 100.00 |
A1 (4) |
3,532,270 |
1,055 |
Brisbane School District, San Mateo County, California, General Obligation Bonds, |
No Opt. Call |
A2 |
582,708 |
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) |
41,242 |
1,405 |
0.000%, 8/01/32 – SYNCORA GTY Insured |
No Opt. Call |
A+ |
902,474 |
235 |
0.000%, 8/01/32 – SYNCORA GTY Insured (ETM) |
No Opt. Call |
N/R (4) |
163,085 |
Calexico Unified School District, Imperial County, California, General Obligation Bonds, |
||||
Series 2005B: |
||||
3,685 |
0.000%, 8/01/31 – FGIC Insured |
No Opt. Call |
A |
2,526,178 |
4,505 |
0.000%, 8/01/33 – FGIC Insured |
No Opt. Call |
A |
2,778,008 |
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter |
||||
Health, Refunding Series 2016B: |
||||
2,855 |
5.000%, 11/15/46 (Pre-refunded 11/15/26) |
11/26 at 100.00 |
N/R (4) |
3,046,970 |
26,665 |
5.000%, 11/15/46 |
11/26 at 100.00 |
A |
26,512,210 |
2,275 |
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter |
11/27 at 100.00 |
A |
2,013,693 |
Health, Series 2018A, 4.000%, 11/15/42 |
||||
710 |
California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health |
7/23 at 100.00 |
AA– (4) |
718,477 |
System, Series 2013A, 5.000%, 7/01/37 (Pre-refunded 7/01/23) |
||||
5,000 |
California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien |
6/28 at 100.00 |
BBB– |
4,736,250 |
Series 2018A, 5.000%, 12/31/43 (AMT) |
||||
3,250 |
California Municipal Finance Authority, Revenue Bonds, Community Medical Centers, Series |
2/27 at 100.00 |
A– |
3,201,672 |
2017A, 5.000%, 2/01/47 |
||||
815 |
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, |
11/23 at 100.00 |
A+ |
826,304 |
Series 2013I, 5.000%, 11/01/38 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
California (continued) |
||||
$ 500 |
California Statewide Communities Development Authority, California, Revenue Bonds, Loma |
12/24 at 100.00 |
BB– |
$ 495,330 |
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– |
5,251,560 |
8,550 |
5.250%, 12/01/56, 144A |
6/26 at 100.00 |
BB– |
7,775,968 |
California Statewide Community Development Authority, Revenue Bonds, Daughters of |
||||
Charity Health System, Series 2005A: |
||||
87 |
5.750%, 7/01/30 2030 2030 (5),(6) |
1/22 at 100.00 |
N/R |
86,892 |
238 |
5.500%, 7/01/39 (5),(6) |
1/22 at 100.00 |
N/R |
237,967 |
4,890 |
Clovis Unified School District, Fresno County, California, General Obligation Bonds, |
No Opt. Call |
Baa2 |
4,231,757 |
Series 2006B, 0.000%, 8/01/26 – NPFG Insured |
||||
1,000 |
Coachella Valley Unified School District, Riverside County, California, General |
No Opt. Call |
A– |
716,050 |
Obligation Bonds, Series 2005A, 0.000%, 8/01/30 – FGIC Insured |
||||
4,000 |
East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, |
6/24 at 100.00 |
Aa1 |
4,061,920 |
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+ |
2,736,421 |
2002 Series 2012C, 0.000%, 8/01/25 |
||||
3,500 |
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, |
No Opt. Call |
BBB |
2,050,125 |
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: |
||||
1,480 |
5.750%, 1/15/46 (Pre-refunded 1/15/24) |
1/24 at 100.00 |
Baa2 (4) |
1,525,540 |
6,480 |
6.000%, 1/15/49 (Pre-refunded 1/15/24) |
1/24 at 100.00 |
Baa2 (4) |
6,696,043 |
9,930 |
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement |
6/25 at 100.00 |
A+ (4) |
10,365,133 |
Asset-Backed Revenue Bonds, Refunding Series 2015A, 5.000%, 6/01/45 (Pre-refunded 6/01/25) |
||||
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement |
||||
Asset-Backed Revenue Bonds, Series 2005A: |
||||
1,455 |
0.000%, 6/01/24 – AMBAC Insured (ETM) |
No Opt. Call |
A+ (4) |
1,378,263 |
3,500 |
0.000%, 6/01/26 – AGM Insured (ETM) |
No Opt. Call |
Aa3 (4) |
3,082,100 |
59,280 |
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement |
12/31 at 27.75 |
N/R |
4,965,293 |
Asset-Backed Bonds, Capital Appreciation Series 2021B-2, 0.000%, 6/01/66 |
||||
1,260 |
Huntington Beach Union High School District, Orange County, California, Certificates of |
No Opt. Call |
A1 |
701,429 |
Participation, Capital Project, Series 2007, 0.000%, 9/01/35 – AGM Insured |
||||
5,240 |
Huntington Beach Union High School District, Orange County, California, General |
No Opt. Call |
AA |
3,861,880 |
Obligation Bonds, Series 2005, 0.000%, 8/01/30 – AGM Insured |
||||
2,500 |
Huntington Beach Union High School District, Orange County, California, General |
No Opt. Call |
AA– |
1,661,925 |
Obligation Bonds, Series 2007, 0.000%, 8/01/32 – FGIC Insured |
||||
5,000 |
Kern Community College District, California, General Obligation Bonds, Safety, Repair & |
No Opt. Call |
AA |
4,664,650 |
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– |
714,540 |
Bonds, Series 2001B, 0.000%, 8/01/31 – NPFG Insured |
||||
2,000 |
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International |
5/32 at 100.00 |
AA– |
1,960,840 |
Airport, Refunding & Subordinate Series 2022C, 5.000%, 5/15/45 (AMT) |
||||
9,140 |
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International |
5/25 at 100.00 |
AA– |
9,141,371 |
Airport, Senior Lien Series 2015D, 5.000%, 5/15/41 (AMT) |
||||
4,615 |
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International |
5/28 at 100.00 |
A+ |
4,541,945 |
Airport, Subordinate Lien Series 2018A, 5.000%, 5/15/44 (AMT) |
||||
12,875 |
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International |
11/31 at 100.00 |
Aa3 |
12,628,186 |
Airport, Subordinate Lien Series 2021D, 5.000%, 5/15/46 (AMT) |
||||
2,665 |
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, |
1/24 at 100.00 |
AA– |
2,688,852 |
Series 2014B, 5.000%, 7/01/43 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
California (continued) |
||||
$ 250 |
Lynwood Redevelopment Agency, California, Tax Allocation Revenue Bonds, Project Area A, |
12/22 at 100.00 |
A |
$ 250,683 |
Subordinate Lien Series 2011A, 7.000%, 9/01/31 |
||||
6,215 |
Martinez Unified School District, Contra Costa County, California, General Obligation |
8/24 at 100.00 |
AA (4) |
6,500,890 |
Bonds, Series 2011, 5.875%, 8/01/31 (Pre-refunded 8/01/24) |
||||
5,955 |
Mount San Antonio Community College District, Los Angeles County, California, General |
8/35 at 100.00 |
AA |
4,953,726 |
Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43 (7) |
||||
2,700 |
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, |
No Opt. Call |
BBB+ |
3,163,239 |
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+ |
2,508,176 |
Series 2009C, 6.500%, 11/01/39 |
||||
5,875 |
Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue |
No Opt. Call |
Baa2 |
6,131,679 |
Bonds, Redevelopment Project 1, Refunding Series 1995, 7.400%, 8/01/25 – NPFG Insured |
||||
4,930 |
Patterson Joint Unified School District, Stanislaus County, California, General |
No Opt. Call |
A2 |
1,836,080 |
Obligation Bonds, 2008 Election Series 2009B, 0.000%, 8/01/42 – AGM Insured |
||||
13,145 |
Perris, California, GNMA Mortgage-Backed Securities Program Single Family Mortgage |
No Opt. Call |
AA+ (4) |
13,629,656 |
Revenue Bonds, Series 1988B, 8.200%, 9/01/23 (ETM) |
||||
6,000 |
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates |
No Opt. Call |
A1 (4) |
3,732,300 |
of Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured (ETM) |
||||
995 |
Pomona, California, GNMA/FNMA Collateralized Securities Program Single Family Mortgage |
No Opt. Call |
AA+ (4) |
1,005,706 |
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– |
770,580 |
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 |
Aa3 |
5,239,350 |
Bonds, 2010 Election Series 2011A, 0.000%, 8/01/41 – AGM Insured (7) |
||||
5,000 |
Riverside County Asset Leasing Corporation, California, Leasehold Revenue Bonds, |
No Opt. Call |
A1 |
4,546,800 |
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 |
2,074,166 |
Project Area, Series 2011B, 0.000%, 10/01/38 |
||||
625 |
Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, |
6/31 at 100.00 |
BBB+ |
522,150 |
RCTC 91 Express Lanes, Refunding Series 2021B-1, 4.000%, 6/01/46 |
||||
330 |
Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, |
6/23 at 100.00 |
BBB+ (4) |
335,079 |
Series 2013A, 5.750%, 6/01/48 (Pre-refunded 6/01/23) |
||||
10,990 |
San Diego County Regional Airport Authority, California, Airport Revenue Bonds, |
7/31 at 100.00 |
A2 |
10,588,755 |
Subordinate Series 2021B, 5.000%, 7/01/46 (AMT) |
||||
4,945 |
San Francisco Airports Commission, California, Revenue Bonds, San Francisco |
5/26 at 100.00 |
A |
4,873,050 |
International Airport, Second Series 2016B, 5.000%, 5/01/41 (AMT) |
||||
10,000 |
San Francisco Airports Commission, California, Revenue Bonds, San Francisco |
5/27 at 100.00 |
A |
9,835,100 |
International Airport, Second Series 2017A, 5.000%, 5/01/42 (AMT) |
||||
22,460 |
San Francisco Airports Commission, California, Revenue Bonds, San Francisco |
5/29 at 100.00 |
A |
21,576,648 |
International Airport, Second Series 2019A, 5.000%, 5/01/49 (AMT) |
||||
11,000 |
San Francisco Airports Commission, California, Revenue Bonds, San Francisco |
5/29 at 100.00 |
A |
10,614,670 |
International Airport, Second Series 2019E, 5.000%, 5/01/45 (AMT) |
||||
2,000 |
San Francisco City and County Redevelopment Agency Successor Agency, California, Special |
12/22 at 29.89 |
N/R |
596,120 |
Tax Bonds, Community Facilities District 6 Mission Bay South Public Improvements, 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– |
2,003,860 |
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 (Pre-refunded 1/15/25) |
1/25 at 100.00 |
BBB (4) |
15,946,041 |
25,840 |
5.000%, 1/15/50 (Pre-refunded 1/15/25) |
1/25 at 100.00 |
BBB (4) |
26,843,367 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
California (continued) |
||||
$ 10,000 |
San Jose, California, Airport Revenue Bonds, Refunding Series 2017A, 5.000%, 3/01/47 (AMT) |
3/27 at 100.00 |
A– |
$ 9,648,700 |
14,985 |
San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997 |
No Opt. Call |
AA |
6,035,059 |
Election Series 2012G, 0.000%, 8/01/40 – AGM Insured |
||||
6,660 |
San Ysidro School District, San Diego County, California, General Obligation Bonds, |
8/25 at 38.93 |
A3 |
2,281,117 |
Refunding Series 2015, 0.000%, 8/01/43 |
||||
2,460 |
Santee School District, San Diego County, California, General Obligation Bonds, Capital |
No Opt. Call |
AA |
1,534,597 |
Appreciation, Election 2006, Series 2008D, 0.000%, 8/01/33 – AGC Insured |
||||
5,000 |
Solano Community College District, Solano and Yolo Counties, California, General |
8/23 at 100.00 |
AA (4) |
5,070,450 |
Obligation Bonds, Election 2012 Series 2013A, 5.000%, 8/01/43 (Pre-refunded 8/01/23) |
||||
1,145 |
Southern Kern Unified School District, Kern County, California, General Obligation |
No Opt. Call |
A2 |
812,927 |
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 |
635,710 |
Bonds, Series 2010B, 0.000%, 11/01/35 – AGM Insured |
||||
2,410 |
Victor Elementary School District, San Bernardino County, California, General Obligation |
No Opt. Call |
A+ |
2,088,651 |
Bonds, Series 2002A, 0.000%, 8/01/26 – FGIC Insured |
||||
3,750 |
Wiseburn School District, Los Angeles County, California, General Obligation Bonds, |
8/31 at 100.00 |
AA |
3,601,125 |
Series 2011B, 0.000%, 8/01/36 – AGM Insured (7) |
||||
459,675 |
Total California |
364,079,516 | ||
Colorado – 12.0% (7.0% of Total Investments) |
||||
4,350 |
Aerotropolis Regional Transportation Authority, Colorado, Special Revenue Bonds, Series |
12/26 at 103.00 |
N/R |
3,104,377 |
2021, 4.375%, 12/01/52 |
||||
3,000 |
Anthem West Metropolitan District, Colorado, General Obligation Bonds, Refunding Series |
12/25 at 100.00 |
A1 |
3,104,160 |
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 |
AA+ |
4,156,322 |
General Obligation Bonds, Series 2016C, 4.000%, 12/15/34 |
||||
4,000 |
Centennial Water and Sanitation District, Douglas County, Colorado, Water and Wastewater |
12/28 at 100.00 |
AA+ |
4,182,800 |
Revenue Bonds, Series 2019, 5.000%, 12/01/43 |
||||
1,775 |
Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & |
12/22 at 103.00 |
N/R |
1,714,881 |
Improvement Series 2017, 5.000%, 12/01/29, 144A |
||||
1,500 |
Cherokee Metropolitan District, Colorado, Water and Wastewater Revenue Bonds, Series |
8/30 at 100.00 |
AA |
1,272,645 |
2020, 4.000%, 8/01/50 – BAM Insured |
||||
2,945 |
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, |
8/23 at 100.00 |
BB+ |
2,993,062 |
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+ |
1,302,422 |
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+ |
500,005 |
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+ |
1,019,610 |
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+ |
2,896,748 |
Weld County School District 6 – Frontier Academy, Refunding & Improvement Series 2016, |
||||
3.250%, 6/01/46 |
||||
545 |
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University |
9/27 at 100.00 |
A2 |
508,997 |
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 |
1,151,388 |
1,600 |
4.000%, 3/01/37 |
3/27 at 100.00 |
A1 |
1,521,584 |
5,460 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated |
11/29 at 100.00 |
AA |
4,747,415 |
Group, Series 2019A, 4.000%, 11/15/43 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Colorado (continued) |
||||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated |
||||
Group, Series 2021A: |
||||
$ 17,905 |
4.000%, 11/15/46 |
11/31 at 100.00 |
AA |
$ 14,851,302 |
2,840 |
4.000%, 11/15/50 |
11/31 at 100.00 |
AA |
2,303,922 |
1,930 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health |
5/26 at 100.00 |
AA |
1,721,695 |
System/Sunbelt Obligated Group, Series 2016A, 4.000%, 11/15/41 |
||||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health |
||||
Initiatives, Series 2013A: |
||||
3,020 |
5.250%, 1/01/40 (Pre-refunded 1/01/23) |
1/23 at 100.00 |
BBB+ (4) |
3,029,634 |
4,890 |
5.250%, 1/01/45 (Pre-refunded 1/01/23) |
1/23 at 100.00 |
BBB+ (4) |
4,905,599 |
4,600 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living |
1/24 at 102.00 |
N/R |
3,993,996 |
Neighborhoods Project, Refunding Series 2016, 5.000%, 1/01/37 |
||||
15,395 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, |
8/29 at 100.00 |
BBB+ |
12,004,251 |
Series 2019A-2, 4.000%, 8/01/49 |
||||
2,725 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, |
11/32 at 100.00 |
N/R |
2,769,608 |
Series 2022A, 5.500%, 11/01/47 |
||||
270 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good |
6/23 at 100.00 |
N/R (4) |
273,135 |
Samaritan Society Project, Series 2013, 5.625%, 6/01/43 (Pre-refunded 6/01/23) |
||||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good |
||||
Samaritan Society Project, Series 2013A: |
||||
2,670 |
5.000%, 6/01/28 (Pre-refunded 6/01/25) |
6/25 at 100.00 |
N/R (4) |
2,778,242 |
6,425 |
5.000%, 6/01/40 (Pre-refunded 6/01/25) |
6/25 at 100.00 |
N/R (4) |
6,685,469 |
1,390 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project, |
5/27 at 100.00 |
BB+ |
1,230,956 |
Refunding & Improvement Series 2017A, 5.250%, 5/15/47 |
||||
5,000 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Intermountain Healthcare, |
5/32 at 100.00 |
AA+ |
5,108,650 |
Series 2022A, 5.000%, 5/15/52 |
||||
3,785 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center, |
9/30 at 100.00 |
Baa1 |
2,800,862 |
Series 2020A, 4.000%, 9/01/50 |
||||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sanford Health, |
||||
Series 2019A: |
||||
1,000 |
5.000%, 11/01/44 |
11/29 at 100.00 |
A+ |
949,850 |
3,950 |
5.000%, 11/01/49 |
11/29 at 100.00 |
A+ |
3,656,791 |
3,300 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, SCL Health System, |
1/30 at 100.00 |
AA– |
3,118,830 |
Refunding Series 2019A, 4.000%, 1/01/37 |
||||
1,100 |
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds, |
12/24 at 100.00 |
BBB |
1,028,390 |
Senior Lien Series 2017, 5.000%, 12/31/56 |
||||
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System |
||||
Revenue Bonds, Refunding Series 2017C: |
||||
1,660 |
5.000%, 3/01/43 |
3/28 at 100.00 |
AA |
1,728,259 |
1,115 |
5.000%, 3/01/43 (Pre-refunded 3/01/28) |
3/28 at 100.00 |
N/R (4) |
1,201,056 |
2,360 |
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System |
3/28 at 100.00 |
AA |
2,118,950 |
Revenue Bonds, Refunding Series 2017E, 4.000%, 3/01/43 |
||||
3,420 |
Colorado State, Building Excellent Schools Today, Certificates of Participation, Series |
3/30 at 100.00 |
AA– |
2,950,092 |
2020R, 4.000%, 3/15/45 |
||||
4,005 |
Colorado State, Certificates of Participation, Rural Series 2020A, 4.000%, 12/15/39 |
12/30 at 100.00 |
AA– |
3,664,415 |
3,000 |
Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2014, 5.000%, 8/01/44 |
8/24 at 100.00 |
A1 (4) |
3,084,450 |
(Pre-refunded 8/01/24) – 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 |
A1 (4) |
7,663,467 |
(Pre-refunded 8/01/26) |
||||
3,400 |
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2022B, |
11/32 at 100.00 |
AA– |
3,511,316 |
5.250%, 11/15/53 |
||||
1,100 |
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series |
11/23 at 100.00 |
A |
1,095,611 |
2013A, 5.250%, 11/15/43 (AMT) |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Colorado (continued) |
||||
$ 4,515 |
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series |
11/23 at 100.00 |
A |
$ 4,473,462 |
2013B, 5.000%, 11/15/43 |
||||
20,030 |
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series |
12/28 at 100.00 |
A |
19,080,578 |
2018A, 5.000%, 12/01/48 (AMT) |
||||
1,820 |
Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Refunding & Improvement |
8/26 at 100.00 |
AA– |
1,567,075 |
Series 2016A, 4.000%, 8/01/46 |
||||
11,000 |
Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Series 2021A, |
8/31 at 100.00 |
AA– |
9,334,930 |
4.000%, 8/01/51 |
||||
2,005 |
Denver City and County, Colorado, Special Facilities Airport Revenue Bonds, United |
10/23 at 100.00 |
B |
1,932,760 |
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 |
BBB– |
3,019,537 |
2,000 |
5.000%, 12/01/29 |
12/26 at 100.00 |
BBB– |
2,039,920 |
2,400 |
5.000%, 12/01/36 |
12/26 at 100.00 |
BBB– |
2,368,224 |
1,605 |
5.000%, 12/01/40 |
12/26 at 100.00 |
BBB– |
1,543,802 |
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Capital Appreciation |
||||
Series 2010A: |
||||
385 |
0.000%, 9/01/35 |
No Opt. Call |
A |
204,104 |
150 |
0.000%, 9/01/37 |
No Opt. Call |
A |
70,296 |
75 |
0.000%, 9/01/38 |
No Opt. Call |
A |
32,923 |
20 |
0.000%, 9/01/39 |
No Opt. Call |
A |
8,218 |
110 |
0.000%, 9/01/41 |
No Opt. Call |
A |
39,652 |
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B: |
||||
1,520 |
0.000%, 9/01/23 – NPFG Insured |
No Opt. Call |
A |
1,473,534 |
18,380 |
0.000%, 9/01/25 – NPFG Insured |
No Opt. Call |
A |
16,430,801 |
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B: |
||||
1,045 |
0.000%, 9/01/29 – NPFG Insured |
No Opt. Call |
A |
779,810 |
2,175 |
0.000%, 9/01/30 – NPFG Insured |
No Opt. Call |
A |
1,544,272 |
25,050 |
0.000%, 9/01/31 – NPFG Insured |
No Opt. Call |
A |
16,852,638 |
23,305 |
0.000%, 9/01/32 – NPFG Insured |
No Opt. Call |
A |
14,835,031 |
100 |
0.000%, 9/01/33 – NPFG Insured |
No Opt. Call |
A |
60,047 |
12,500 |
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2006A, 0.000%, |
9/26 at 54.77 |
A |
5,538,125 |
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 |
A |
301,051 |
60,000 |
0.000%, 3/01/36 – NPFG Insured |
No Opt. Call |
A |
31,056,000 |
1,250 |
Eagle River Water and Sanitation District, Eagle County, Colorado, Enterprise Wastewater |
12/29 at 100.00 |
AA |
1,063,838 |
Revenue Bonds, Improvement Series 2020A, 4.000%, 12/01/45 – AGM Insured |
||||
8,000 |
Ebert Metropolitan District, Denver Colorado, Limited Tax General Obligation Bonds, |
12/28 at 100.00 |
A1 |
8,209,760 |
Refunding Series 2018A-1, 5.000%, 12/01/43 – BAM Insured |
||||
3,550 |
Falcon Area Water and Wastewater Authority (El Paso County, Colorado), Tap Fee Revenue |
9/27 at 103.00 |
N/R |
3,275,550 |
Bonds, Series 2022A, 6.750%, 12/01/34, 144A |
||||
2,000 |
Firestone, Colorado, Water Enterprise Revenue Bones, Series 2020, 4.000%, 12/01/45 – |
12/30 at 100.00 |
AA |
1,723,900 |
BAM Insured |
||||
Flying Horse Metropolitan District 2, El Paso County, Colorado, General Obligation |
||||
Limited Tax Bonds, Refunding & Improvement Series 2020A: |
||||
695 |
4.000%, 12/01/44 – AGM Insured |
12/30 at 100.00 |
A2 |
602,398 |
3,935 |
4.000%, 12/01/50 – AGM Insured |
12/30 at 100.00 |
A2 |
3,283,718 |
2,545 |
Future Legends Sports Park Business Improvement District, Colorado, Limited Tax General |
9/27 at 103.00 |
N/R |
2,273,601 |
Obligation Bonds, Series 2022A and Subordinate Limited Tax General Obligation Bonds, Series |
||||
2022B, 6.000%, 12/01/52 |
||||
3,305 |
Goldsmith Metropolitan District, Colorado, General Obligation Bonds, Refunding Series |
12/31 at 100.00 |
A1 |
2,747,612 |
2021, 4.000%, 12/01/51 – AGM Insured |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Colorado (continued) |
||||
$ 1,860 |
Metropolitan State University of Denver, Colorado, Institutional Enterprise Revenue |
12/25 at 100.00 |
Aa2 (4) |
$ 1,890,467 |
Bonds, Aerospace and Engineering Sciences Building Project, Series 2016, 4.000%, 12/01/40 |
||||
(Pre-refunded 12/01/25) |
||||
1,500 |
North Pine Vistas Metropolitan District 3, Castle Pines, Douglas County, Colorado, |
12/31 at 100.00 |
A1 |
1,215,570 |
Limited Tax General Obligation Bonds, Refunding & Improvement Senior Series 2021A, 4.000%, |
||||
12/01/51 – AGM Insured |
||||
Northern Colorado Water Conservancy District Building Corporation, Certificates of |
||||
Participation, Refunding Series 2021: |
||||
9,520 |
4.000%, 7/01/46 |
7/31 at 100.00 |
AA+ |
8,215,760 |
3,250 |
4.000%, 7/01/51 |
7/31 at 100.00 |
AA+ |
2,747,225 |
Park 70 Metropolitan District, Aurora, Colorado, General Obligation Bonds, Limited Tax |
||||
Refunding & Improvement Series 2016: |
||||
1,565 |
5.000%, 12/01/36 |
12/26 at 100.00 |
Baa3 |
1,545,813 |
2,100 |
5.000%, 12/01/46 |
12/26 at 100.00 |
Baa3 |
1,963,017 |
8,000 |
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported |
12/25 at 100.00 |
A |
8,069,120 |
Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45 |
||||
2,395 |
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported |
12/29 at 100.00 |
A |
2,344,418 |
Revenue Bonds, Series 2019A, 4.000%, 12/01/36 – AGM Insured |
||||
500 |
Peak Metropolitan District 1, Colorado Springs, El Paso County, Colorado, Limited Tax |
3/26 at 103.00 |
N/R |
401,445 |
General Obligation Bonds, Series 2021A, 5.000%, 12/01/51, 144A |
||||
700 |
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado |
No Opt. Call |
A– |
790,860 |
Springs Utilities, Series 2008, 6.500%, 11/15/38 |
||||
750 |
Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General |
12/26 at 100.00 |
AA |
779,917 |
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 |
A3 |
1,099,549 |
1,000 |
4.125%, 12/01/37 – BAM Insured |
12/26 at 100.00 |
A3 |
992,800 |
500 |
Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, |
3/26 at 103.00 |
N/R |
414,765 |
General Obligation Limited Bonds, Series 2021A-1, 5.000%, 12/01/41 |
||||
2,000 |
Vista Ridge Metropolitan District, In the Town of Erie, Weld County, Colorado, General |
12/26 at 100.00 |
A2 |
1,968,200 |
Obligation Refunding Bonds, Series 2016A, 4.000%, 12/01/36 – BAM Insured |
||||
6,225 |
West Globeville Metropolitan District 1, Denver, Colorado, General Obligation Limited |
12/29 at 103.00 |
N/R |
5,412,700 |
Tax Bonds, Series 2022, 6.750%, 12/01/52 |
||||
408,930 |
Total Colorado |
332,024,007 | ||
Connecticut – 1.3% (0.8% of Total Investments) |
||||
2,135 |
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford |
7/31 at 100.00 |
N/R |
1,765,047 |
HealthCare Issue, Series 2021A, 4.000%, 7/01/51 |
||||
850 |
Connecticut Health and Educational Facilities Authority, Revenue Bonds, McLean |
1/26 at 102.00 |
BB+ |
762,773 |
Affiliates, Series 2020A, 5.000%, 1/01/45, 144A |
||||
Connecticut Municipal Electric Energy Cooperative, Power Supply System Revenue Bonds, |
||||
Tender Option Bond Trust 2016-XG0059: |
||||
1,295 |
11.361%, 1/01/32, 144A (IF) (8) |
1/23 at 100.00 |
Aa3 |
1,307,030 |
190 |
11.216%, 1/01/38, 144A (IF) (8) |
1/23 at 100.00 |
Aa3 |
192,265 |
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes |
||||
Series 2018A: |
||||
14,775 |
5.000%, 1/01/34 |
1/28 at 100.00 |
AA– |
15,517,444 |
6,410 |
5.000%, 1/01/37 |
1/28 at 100.00 |
AA– |
6,676,784 |
6,000 |
5.000%, 1/01/38 |
1/28 at 100.00 |
AA– |
6,237,600 |
4,000 |
University of Connecticut, General Obligation Bonds, Series 2020A, 5.000%, 2/15/39 |
2/30 at 100.00 |
A+ |
4,149,320 |
35,655 |
Total Connecticut |
36,608,263 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
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 |
$ 761,352 |
Series 2018, 5.000%, 6/01/48 |
||||
7,255 |
Delaware Transportation Authority, Revenue Bonds, US 301 Project, Series 2015, |
6/25 at 100.00 |
AA– |
7,257,104 |
5.000%, 6/01/55 |
||||
8,055 |
Total Delaware |
8,018,456 | ||
District of Columbia – 2.1% (1.3% of Total Investments) |
||||
570 |
District of Columbia Housing Finance Agency, GNMA Collateralized Single Family Mortgage |
12/22 at 100.00 |
AA+ |
571,168 |
Revenue Bonds, Series 1988E-4, 6.375%, 6/01/26 (AMT) |
||||
775 |
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed |
No Opt. Call |
A– |
788,408 |
Bonds, Series 2001, 6.500%, 5/15/33 |
||||
34,000 |
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed |
12/22 at 23.49 |
N/R |
6,588,180 |
Bonds, Series 2006A, 0.000%, 6/15/46 |
||||
5,265 |
District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Series |
No Opt. Call |
Aa1 |
5,375,196 |
1998, 5.500%, 10/01/23 – AGM Insured (UB) |
||||
Metropolitan Washington Airports Authority, Virginia, District of Columbia, Dulles Toll |
||||
Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate |
||||
Lien Series 2019B: |
||||
2,000 |
4.000%, 10/01/44 |
10/29 at 100.00 |
Baa2 |
1,673,940 |
4,750 |
5.000%, 10/01/47 |
10/29 at 100.00 |
Baa2 |
4,613,390 |
6,000 |
4.000%, 10/01/49 |
10/29 at 100.00 |
Baa2 |
4,838,760 |
1,810 |
4.000%, 10/01/53 – AGM Insured |
10/29 at 100.00 |
A2 |
1,439,113 |
2,000 |
Metropolitan Washington Airports Authority, Virginia, District of Columbia, Dulles Toll |
No Opt. Call |
A3 |
1,017,360 |
Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien |
||||
Series 2009B, 0.000%, 10/01/36 – AGC Insured |
||||
5,000 |
Metropolitan Washington Airports Authority, Virginia, District of Columbia, Dulles Toll |
10/26 at 100.00 |
A3 (4) |
5,561,700 |
Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien |
||||
Series 2009C, 6.500%, 10/01/41 (Pre-refunded 10/01/26) – AGC Insured |
||||
4,500 |
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Refunding |
10/23 at 100.00 |
A+ |
4,518,315 |
Series 2013A, 5.000%, 10/01/30 (AMT) |
||||
15,800 |
Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Refunding |
10/28 at 100.00 |
N/R |
15,554,784 |
Series 2018A, 5.000%, 10/01/43 (AMT) |
||||
1,000 |
Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue |
7/27 at 100.00 |
AA– |
1,049,770 |
Bonds, Refunding Crossover Series 2017A-2, 5.000%, 7/01/33 |
||||
Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue |
||||
Bonds, Series 2017B: |
||||
1,500 |
5.000%, 7/01/29 |
7/27 at 100.00 |
AA– |
1,599,390 |
3,000 |
5.000%, 7/01/42 |
7/27 at 100.00 |
AA– |
3,069,270 |
1,000 |
Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue |
7/27 at 100.00 |
AA– |
1,027,570 |
Bonds, Series 2018, 5.000%, 7/01/38 |
||||
88,970 |
Total District of Columbia |
59,286,314 | ||
Florida – 9.1% (5.3% of Total Investments) |
||||
1,480 |
Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing |
11/23 at 100.00 |
BBB |
1,469,152 |
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 |
443,484 |
2,260 |
5.000%, 9/01/48 |
9/23 at 100.00 |
BBB |
2,209,037 |
175 |
Florida Development Finance Corporation, Educational Facilities Revenue Bonds, |
9/27 at 100.00 |
N/R |
156,490 |
Renaissance Charter School, Inc. Projects, Series 2020C, 5.000%, 9/15/40, 144A |
||||
18,500 |
Florida Development Finance Corporation, Florida, Surface Transportation Facility |
1/24 at 107.00 |
N/R |
15,665,800 |
Revenue Bonds, Brightline Passenger Rail Project, Green Series 2019B, 7.375%, 1/01/49 |
||||
(AMT), 144A |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Florida (continued) |
||||
Florida Development Finance Corporation, Florida, Surface Transportation Facility |
||||
Revenue Bonds, Virgin Trains USA Passenger Rail Project, Series 2019A: |
||||
$ 12,000 |
6.375%, 1/01/49 (AMT) (Mandatory Put 1/01/26), 144A |
12/22 at 103.00 |
N/R |
$ 10,813,800 |
15,985 |
6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A |
12/22 at 103.00 |
N/R |
14,084,383 |
12,500 |
Florida Development Finance Corporation, Revenue Bonds, Brightline Passenger Rail |
12/22 at 102.00 |
N/R |
12,236,375 |
Expansion Project, Series 2022A, 7.250%, 7/01/57 (AMT) (Mandatory Put 10/03/23), 144A |
||||
Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, |
||||
Priority Subordinated Series 2017A: |
||||
31,985 |
5.000%, 10/01/42 (AMT) |
10/27 at 100.00 |
A |
31,061,594 |
9,065 |
5.000%, 10/01/52 (AMT) |
10/27 at 100.00 |
A |
8,614,288 |
3,890 |
Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, |
10/26 at 100.00 |
A+ |
3,844,137 |
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 (4) |
6,170,681 |
Airport, Senior Lien Series 2015A, 5.000%, 10/01/44 (Pre-refunded 10/01/24) (AMT) |
||||
5,000 |
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International |
10/28 at 100.00 |
A+ |
4,922,400 |
Airport, Series 2018E, 5.000%, 10/01/43 (AMT) |
||||
2,290 |
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International |
10/24 at 100.00 |
A (4) |
2,364,448 |
Airport, Subordinate Lien Series 2015B, 5.000%, 10/01/40 (Pre-refunded 10/01/24) |
||||
10,305 |
Hillsborough County Aviation Authority, Florida, Tampa International Airport Customer |
10/24 at 100.00 |
BBB+ |
10,100,137 |
Facility Charge Revenue Bonds, Series 2015A, 5.000%, 10/01/44 |
||||
10,000 |
Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, |
2/31 at 100.00 |
Baa1 |
7,398,300 |
Florida Health Sciences Center Inc D/B/A Tampa General Hospital, Series 2020A, 4.000%, 8/01/55 |
||||
5,000 |
Hillsborough County Port District, Florida, Revenue Bonds, Tampa Port Authority Project, |
6/28 at 100.00 |
A |
5,033,350 |
Series 2018B, 5.000%, 6/01/46 (AMT) |
||||
5,075 |
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015, |
11/24 at 100.00 |
A2 (4) |
5,244,860 |
5.000%, 11/15/35 (Pre-refunded 11/15/24) |
||||
9,820 |
Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City |
2/24 at 100.00 |
A1 |
9,480,228 |
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 |
BB+ |
1,610,380 |
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– |
2,933,018 |
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– |
8,018,433 |
of Miami, Series 2015A, 5.000%, 4/01/45 |
||||
12,545 |
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University |
4/28 at 100.00 |
A– |
12,324,710 |
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 |
1,440,795 |
Children’s Hospital, Refunding Series 2017, 5.000%, 8/01/42 |
||||
1,000 |
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, |
10/24 at 100.00 |
A– |
1,002,910 |
Refunding Series 2014B, 5.000%, 10/01/37 |
||||
5,000 |
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2014A, 5.000%, |
10/24 at 100.00 |
A– |
4,938,900 |
10/01/35 (AMT) |
||||
6,025 |
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2015A, 5.000%, |
10/25 at 100.00 |
A– |
5,845,214 |
10/01/38 (AMT) |
||||
6,035 |
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2019B, |
10/29 at 100.00 |
A+ |
5,035,483 |
4.000%, 10/01/49 |
||||
3,500 |
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2021, |
4/31 at 100.00 |
A+ |
2,981,335 |
4.000%, 10/01/46 |
||||
7,000 |
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando |
4/32 at 100.00 |
N/R |
5,448,170 |
Health Obligated Group, Inc., Series 2022, 4.000%, 10/01/52 |
||||
2,360 |
Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Refunding & |
10/29 at 100.00 |
BBB– |
2,142,927 |
Improvement Series 2019A-1, 5.000%, 10/01/49 |
||||
2,000 |
Palm Beach County Health Facilities Authority, Florida, Retirement Communities Revenue |
11/26 at 100.00 |
A– |
1,972,040 |
Bonds, ACTS Retirement – Life Communities, Inc Obligated Group, Series 2016, 5.000%, 11/15/32 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Florida (continued) |
||||
$ 4,635 |
Port Saint Lucie, Florida, Public Service Tax Revenue Bonds, Recovery Zone Facility Bond |
9/24 at 100.00 |
AA– |
$ 4,751,292 |
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– |
10,465,285 |
Electric Cooperatice, 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, Refunding Series 2017: |
||||
2,000 |
5.000%, 8/15/42 |
8/27 at 100.00 |
A1 |
1,971,480 |
9,770 |
5.000%, 8/15/47 |
8/27 at 100.00 |
A1 |
9,449,837 |
705 |
Southeast Overtown/Park West Community Redevelopment Agency, Florida, Tax Increment |
3/24 at 100.00 |
BBB+ |
711,366 |
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– |
1,448,685 |
Florida Health Alliance Projects, Series 2014A, 5.250%, 7/01/44 |
||||
2,405 |
Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2016A, |
5/26 at 100.00 |
Aa2 |
2,043,504 |
4.000%, 11/15/46 |
||||
Tampa, Florida, Revenue Bonds, H. Lee Moffitt Cancer Center and Research Institute, |
||||
Series 2020B: |
||||
1,000 |
5.000%, 7/01/40 |
7/30 at 100.00 |
A– |
982,580 |
5,545 |
5.000%, 7/01/50 |
7/30 at 100.00 |
A– |
5,269,081 |
180 |
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding |
12/22 at 100.00 |
N/R |
156,766 |
Series 2015-2, 0.000%, 5/01/40 (7) |
||||
195 |
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding |
12/22 at 100.00 |
N/R |
2 |
Series 2015-3, 6.610%, 5/01/40 (5) |
||||
750 |
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle |
10/29 at 100.00 |
A2 |
663,442 |
Aeronautical University, Series 2020A, 4.000%, 10/15/38 |
||||
6,510 |
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson |
6/25 at 100.00 |
A– |
6,399,330 |
University Inc. Project, Series 2015, 5.000%, 6/01/45 |
||||
267,055 |
Total Florida |
251,319,909 | ||
Georgia – 2.4% (1.4% of Total Investments) |
||||
1,820 |
Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium |
7/25 at 100.00 |
A |
1,860,622 |
Project, Senior Lien Series 2015A-1, 5.250%, 7/01/40 |
||||
3,575 |
Crisp County Hospital Authority, Georgia, Revenue Anticipation Certificates, Crisp |
7/31 at 100.00 |
A1 |
2,935,325 |
County Hospital Project, Series 2021, 4.000%, 7/01/51 |
||||
795 |
Dalton Development Authority, Georgia, Revenue Certificates, Hamilton Health Care System |
No Opt. Call |
Baa2 |
817,483 |
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 |
1,913,760 |
System, Inc Project, Series 2017A, 5.000%, 4/01/47 |
||||
3,500 |
Georgia Ports Authority, Revenue Bonds, Series 2021, 4.000%, 7/01/46 |
7/31 at 100.00 |
AA |
3,020,500 |
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2019A: |
||||
1,460 |
5.000%, 5/15/43 |
5/29 at 100.00 |
A3 |
1,370,546 |
23,000 |
5.000%, 5/15/49 |
No Opt. Call |
A3 |
21,171,960 |
3,265 |
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Third |
7/26 at 100.00 |
AA– |
3,343,425 |
Indenture, Series 2015B, 5.000%, 7/01/41 |
||||
10,260 |
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project J Bonds, |
7/25 at 100.00 |
Baa1 |
9,471,519 |
Series 2015A, 5.000%, 7/01/60 |
||||
10,030 |
Paulding County Hospital Authority, Georgia, Revenue Anticipation Certificates, WellStar |
4/32 at 100.00 |
A2 |
9,851,466 |
Health System Inc., Series 2022A, 5.000%, 4/01/43 |
||||
5,000 |
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University, |
10/26 at 100.00 |
AA |
5,063,800 |
Refunding Series 2016A, 5.000%, 10/01/46 |
||||
1,985 |
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, |
10/31 at 100.00 |
Baa1 |
1,594,848 |
Series 2021, 4.000%, 10/01/50 |
||||
5,370 |
Rockdale County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc. |
7/29 at 100.00 |
A1 |
4,496,570 |
Project, Series 2019A, 4.000%, 7/01/44 |
||||
72,060 |
Total Georgia |
66,911,824 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Guam – 0.8% (0.5% of Total Investments) |
||||
$ 2,000 |
Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, |
11/25 at 100.00 |
BB |
$ 1,923,900 |
5.000%, 11/15/34 |
||||
Guam A.B. Won Pat International Airport Authority, Revenue Bonds, Series 2013C: |
||||
65 |
6.375%, 10/01/43 (Pre-refunded 10/01/23) (AMT) |
10/23 at 100.00 |
Baa2 (4) |
66,519 |
60 |
6.375%, 10/01/43 (AMT) |
10/23 at 100.00 |
Baa2 |
61,402 |
Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, |
||||
Series 2007A: |
||||
1,820 |
5.250%, 6/01/32 |
11/22 at 100.00 |
N/R |
1,670,687 |
2,915 |
5.625%, 6/01/47 |
11/22 at 100.00 |
N/R |
2,487,078 |
1,300 |
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, |
7/24 at 100.00 |
Baa2 |
1,305,200 |
Refunding Series 2014A, 5.000%, 7/01/35 |
||||
3,250 |
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series |
7/23 at 100.00 |
Baa2 (4) |
3,298,750 |
2013, 5.500%, 7/01/43 (Pre-refunded 7/01/23) |
||||
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, |
||||
Series 2016: |
||||
245 |
5.000%, 7/01/27 |
7/26 at 100.00 |
Baa2 |
250,981 |
1,240 |
5.000%, 1/01/46 |
7/26 at 100.00 |
Baa2 |
1,204,920 |
1,000 |
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series |
7/30 at 100.00 |
Baa2 |
949,270 |
2020A, 5.000%, 1/01/50 |
||||
Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A: |
||||
1,000 |
5.000%, 12/01/23 |
No Opt. Call |
BB |
1,002,820 |
2,000 |
5.000%, 12/01/33 |
12/26 at 100.00 |
BB |
1,945,920 |
2,260 |
5.000%, 12/01/34 |
12/26 at 100.00 |
BB |
2,173,510 |
1,175 |
5.000%, 12/01/46 |
12/26 at 100.00 |
BB |
1,041,097 |
Guam Port Authority, Port Revenue Bonds, Private Activity Series 2018B: |
||||
510 |
5.000%, 7/01/32 (AMT) |
7/28 at 100.00 |
Baa2 |
524,428 |
355 |
5.000%, 7/01/33 (AMT) |
7/28 at 100.00 |
Baa2 |
363,346 |
Guam Power Authority, Revenue Bonds, Series 2014A: |
||||
600 |
5.000%, 10/01/39 |
10/24 at 100.00 |
BBB |
611,094 |
575 |
5.000%, 10/01/44 |
10/24 at 100.00 |
BBB |
584,068 |
22,370 |
Total Guam |
21,464,990 | ||
Hawaii – 2.0% (1.2% of Total Investments) |
||||
13,000 |
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific |
7/23 at 100.00 |
A1 |
13,085,670 |
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 |
Baa1 |
5,275,020 |
Electric Company, Inc. and Subsidiary Projects, Refunding Series 2017B, 4.000%, 3/01/37 (AMT) |
||||
18,705 |
Hawaii State, Airport System Revenue Bonds, Series 2015A, 5.000%, 7/01/45 (AMT) |
7/25 at 100.00 |
A+ |
17,926,498 |
10,000 |
Hawaii State, Airport System Revenue Bonds, Series 2018A, 5.000%, 7/01/43 (AMT) |
7/28 at 100.00 |
A+ |
9,647,900 |
6,000 |
Hawaii State, Airport System Revenue Bonds, Series 2022, 5.000%, 7/01/38 (AMT) |
7/32 at 100.00 |
A+ |
5,916,900 |
5,000 |
Hawaii State, General Obligation Bonds, Series 2017FK, 4.000%, 5/01/35 |
5/27 at 100.00 |
Aa2 |
4,948,650 |
58,705 |
Total Hawaii |
56,800,638 | ||
Idaho – 0.7% (0.4% of Total Investments) |
||||
11,205 |
Idaho Health Facilities Authority, Hospital Revenue Bonds, CHE Trinity Health Group, |
6/27 at 100.00 |
AA– |
10,881,960 |
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+ |
1,713,328 |
Refunding Series 2016, 5.000%, 9/01/29 |
||||
5,585 |
Idaho Health Facilities Authority, Revenue Bonds, Saint Luke’s Health System Project, |
3/32 at 100.00 |
A3 |
4,563,336 |
Series 2021A, 4.000%, 3/01/46 |
||||
Idaho Water Resource Board, Water Resource Loan Program Revenue, Ground Water Rights |
||||
Mitigation Series 2012A: |
||||
1,155 |
4.750%, 9/01/26 |
12/22 at 100.00 |
A3 |
1,155,554 |
310 |
5.000%, 9/01/32 |
12/22 at 100.00 |
A3 |
310,199 |
19,955 |
Total Idaho |
18,624,377 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Illinois – 16.4% (9.6% of Total Investments) |
||||
$ 6,000 |
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, |
4/27 at 100.00 |
A– |
$ 6,108,900 |
Series 2016, 6.000%, 4/01/46 |
||||
9,250 |
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, |
12/25 at 100.00 |
BB |
9,663,475 |
Series 2016A, 7.000%, 12/01/44 |
||||
2,400 |
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, |
12/26 at 100.00 |
BB |
2,479,488 |
Series 2016B, 6.500%, 12/01/46 |
||||
11,295 |
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, |
12/27 at 100.00 |
BB |
11,995,629 |
Series 2017A, 7.000%, 12/01/46, 144A |
||||
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated |
||||
Tax Revenues, Series 1998B-1: |
||||
10,130 |
0.000%, 12/01/24 – FGIC Insured |
No Opt. Call |
BB |
9,234,609 |
7,140 |
0.000%, 12/01/25 – FGIC Insured |
No Opt. Call |
BB |
6,203,946 |
4,325 |
0.000%, 12/01/29 – FGIC Insured |
No Opt. Call |
BB |
3,049,082 |
4,235 |
0.000%, 12/01/31 – FGIC Insured |
No Opt. Call |
BB |
2,653,312 |
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated |
||||
Tax Revenues, Series 1999A: |
||||
10,000 |
0.000%, 12/01/23 – FGIC Insured |
No Opt. Call |
BB |
9,547,200 |
8,845 |
5.500%, 12/01/26 – NPFG Insured |
No Opt. Call |
BB |
9,161,120 |
15,735 |
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, |
1/29 at 100.00 |
A |
14,917,881 |
Refunding Senior Lien Series 2018A, 5.000%, 1/01/48 |
||||
2,245 |
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Senior |
1/25 at 100.00 |
A |
2,132,279 |
Lien Series 2015C, 5.000%, 1/01/46 |
||||
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Senior |
||||
Lien Series 2017D: |
||||
11,250 |
5.000%, 1/01/42 |
1/27 at 100.00 |
A |
10,748,588 |
3,000 |
5.000%, 1/01/47 |
1/27 at 100.00 |
A |
2,847,780 |
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Senior |
||||
Lien Series 2022A: |
||||
5,000 |
5.500%, 1/01/53 – AGM Insured |
1/31 at 100.00 |
A+ |
5,037,450 |
7,810 |
5.500%, 1/01/55 |
1/32 at 100.00 |
N/R |
7,804,533 |
Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999: |
||||
4,115 |
0.000%, 1/01/33 – FGIC Insured |
No Opt. Call |
BBB– |
2,464,309 |
29,600 |
0.000%, 1/01/38 – FGIC Insured |
No Opt. Call |
BBB– |
13,041,168 |
11,675 |
Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, |
1/27 at 100.00 |
BBB– |
11,894,607 |
6.000%, 1/01/38 |
||||
Chicago, Illinois, General Obligation Bonds, Series 2019A: |
||||
4,000 |
5.000%, 1/01/40 |
1/29 at 100.00 |
BBB– |
3,745,560 |
7,445 |
5.500%, 1/01/49 |
1/29 at 100.00 |
BBB– |
7,214,503 |
7,990 |
Chicago, Illinois, General Obligation Refunding Bonds, Emergency Telephone System, |
No Opt. Call |
BBB– |
8,015,648 |
Series 1999, 5.500%, 1/01/23 – FGIC Insured |
||||
6,335 |
Chicago, Illinois, Wastewater Transmission Revenue Bonds, Second Lien Series 2001A, |
No Opt. Call |
Baa2 |
6,630,148 |
5.500%, 1/01/30 – NPFG Insured |
||||
1,460 |
Chicago, Illinois, Water Revenue Bonds, Senior Lien Series 2001, 5.750%, 11/01/30 – |
No Opt. Call |
Baa2 |
1,530,489 |
AMBAC Insured |
||||
4,500 |
Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago |
12/27 at 100.00 |
A+ |
4,522,410 |
City Colleges, Series 2017, 5.000%, 12/01/47 |
||||
3,000 |
Cook County, Illinois, General Obligation Bonds, Refunding Series 2016A, |
11/26 at 100.00 |
A2 |
3,118,590 |
5.000%, 11/15/31 |
||||
Cook County, Illinois, General Obligation Bonds, Refunding Series 2018: |
||||
500 |
5.000%, 11/15/34 |
11/26 at 100.00 |
A2 |
514,315 |
4,550 |
5.000%, 11/15/35 |
11/26 at 100.00 |
A2 |
4,675,125 |
Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural |
||||
History, Series 2002.RMKT: |
||||
5,000 |
4.450%, 11/01/36 |
11/25 at 102.00 |
A2 |
4,971,850 |
815 |
4.500%, 11/01/36 |
11/24 at 100.00 |
A |
816,157 |
2,785 |
5.500%, 11/01/36 |
11/23 at 100.00 |
A |
2,847,607 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Illinois (continued) |
||||
$ 410 |
Illinois Finance Authority, Charter School Revenue Bonds, Intrinsic Charter Schools |
12/25 at 100.00 |
N/R |
$ 416,872 |
Belmont School Project, Series 2015A, 6.000%, 12/01/45, 144A |
||||
Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding |
||||
Series 2015: |
||||
12,025 |
5.000%, 5/01/45 (Pre-refunded 5/01/25) (UB) (8) |
5/25 at 100.00 |
Aa3 (4) |
12,498,064 |
1,930 |
5.000%, 5/01/45 (UB) |
5/25 at 100.00 |
N/R |
1,998,901 |
2,000 |
Illinois Finance Authority, Revenue Bonds, Art Institute of Chicago, Series 2016, |
3/26 at 100.00 |
AA– |
1,905,840 |
4.000%, 3/01/38 |
||||
2,500 |
Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network, |
2/27 at 100.00 |
Aa2 |
2,565,925 |
Series 2016C, 5.000%, 2/15/33 |
||||
2,500 |
Illinois Finance Authority, Revenue Bonds, Bradley University, Refunding Series 2021A, |
8/31 at 100.00 |
BBB+ |
1,933,925 |
4.000%, 8/01/46 |
||||
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A: |
||||
4,750 |
5.000%, 9/01/39 (Pre-refunded 9/01/24) |
9/24 at 100.00 |
AA+ (4) |
4,881,100 |
6,000 |
5.000%, 9/01/42 (Pre-refunded 9/01/24) |
9/24 at 100.00 |
AA+ (4) |
6,165,600 |
10,745 |
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, |
11/25 at 100.00 |
A3 |
10,335,938 |
5.000%, 11/15/45 |
||||
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, |
||||
Series 2013A: |
||||
415 |
5.500%, 7/01/28 |
7/23 at 100.00 |
A– |
420,345 |
390 |
6.000%, 7/01/43 |
7/23 at 100.00 |
A– |
395,417 |
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 |
A3 |
560,437 |
3,745 |
5.000%, 8/15/44 |
8/25 at 100.00 |
A3 |
3,632,537 |
Illinois Finance Authority, Revenue Bonds, University of Chicago, Refunding |
||||
Series 2015A: |
||||
2,670 |
5.000%, 10/01/46 (Pre-refunded 10/01/25) |
10/25 at 100.00 |
N/R (4) |
2,790,390 |
330 |
5.000%, 10/01/46 |
10/25 at 100.00 |
AA– |
338,148 |
2,000 |
Illinois Health Facilities Authority, Revenue Bonds, Midwest Care Center I Inc., Series |
11/22 at 100.00 |
Aa3 |
2,002,220 |
2001, 5.950%, 2/20/36 |
||||
1,830 |
Illinois Sports Facility Authority, State Tax Supported Bonds, Refunding Series 2014, |
6/24 at 100.00 |
BB+ |
1,859,408 |
5.250%, 6/15/32 – AGM Insured |
||||
450 |
Illinois State, General Obligation Bonds, December Series 2017A, 5.000%, 12/01/39 |
12/27 at 100.00 |
BBB– |
425,601 |
Illinois State, General Obligation Bonds, February Series 2014: |
||||
5,705 |
5.250%, 2/01/33 |
2/24 at 100.00 |
BBB– |
5,712,188 |
5,815 |
5.250%, 2/01/34 |
2/24 at 100.00 |
BBB– |
5,817,443 |
2,000 |
5.000%, 2/01/39 |
2/24 at 100.00 |
BBB– |
1,899,480 |
Illinois State, General Obligation Bonds, January Series 2016: |
||||
3,500 |
5.000%, 1/01/29 |
1/26 at 100.00 |
BBB– |
3,503,395 |
8,250 |
5.000%, 1/01/32 |
1/26 at 100.00 |
BBB– |
8,206,275 |
4,200 |
Illinois State, General Obligation Bonds, June Series 2016, 5.000%, 6/01/27 |
6/26 at 100.00 |
BBB– |
4,218,900 |
2,785 |
Illinois State, General Obligation Bonds, June Series 2022A, 5.500%, 3/01/47 |
3/32 at 100.00 |
BBB+ |
2,696,381 |
16,485 |
Illinois State, General Obligation Bonds, March Series 2021A, 5.000%, 3/01/46 |
3/31 at 100.00 |
BBB– |
15,027,067 |
Illinois State, General Obligation Bonds, May Series 2020: |
||||
1,635 |
5.500%, 5/01/30 |
No Opt. Call |
BBB– |
1,686,404 |
5,305 |
5.500%, 5/01/39 |
5/30 at 100.00 |
BBB– |
5,333,117 |
3,000 |
5.750%, 5/01/45 |
5/30 at 100.00 |
BBB– |
3,009,360 |
1,500 |
Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/37 |
11/26 at 100.00 |
BBB– |
1,445,310 |
3,510 |
Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/27 |
No Opt. Call |
BBB– |
3,533,728 |
5,000 |
Illinois State, General Obligation Bonds, October Series 2022C, 5.500%, 10/01/41 |
10/32 at 100.00 |
N/R |
4,981,550 |
Illinois State, General Obligation Bonds, Series 2013: |
||||
2,500 |
5.250%, 7/01/31 |
7/23 at 100.00 |
BBB– |
2,503,200 |
1,520 |
5.500%, 7/01/38 |
7/23 at 100.00 |
BBB– |
1,521,383 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Illinois (continued) |
||||
$ 1,395 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A, |
1/23 at 100.00 |
A1 |
$ 1,397,246 |
5.000%, 1/01/38 |
||||
4,685 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A, |
7/25 at 100.00 |
A1 |
4,759,257 |
5.000%, 1/01/40 |
||||
4,435 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015B, |
1/26 at 100.00 |
A1 |
4,482,366 |
5.000%, 1/01/40 |
||||
10,000 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2020A, |
1/31 at 100.00 |
A1 |
10,080,900 |
5.000%, 1/01/45 |
||||
7,770 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2021A, |
1/32 at 100.00 |
AA– |
6,702,091 |
4.000%, 1/01/42 |
||||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust |
||||
2015-XF0052: |
||||
1,875 |
11.010%, 1/01/38, 144A (IF) |
1/23 at 100.00 |
A1 |
1,887,131 |
1,815 |
11.016%, 1/01/38, 144A (IF) |
1/23 at 100.00 |
A1 |
1,826,761 |
625 |
Macon and DeWitt Counties Community Unit School District 2 Maroa-Forsyth, Illinois, |
12/30 at 100.00 |
AA |
567,787 |
General Obligation Bonds, Series 2021, 4.000%, 12/01/41 – AGM Insured |
||||
2,500 |
Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Alternate |
1/27 at 100.00 |
A3 |
2,286,150 |
Revenue Source Refunding School Series 2020C, 4.000%, 1/01/40 – AGM Insured |
||||
9,000 |
McHenry County Community Unit School District 200, Woodstock, Illinois, General |
No Opt. Call |
Aa2 |
8,931,330 |
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 |
BB+ |
1,723,245 |
Bonds, Refunding Series 2015B, 5.000%, 6/15/52 |
||||
1,000 |
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project |
12/25 at 100.00 |
BB+ |
985,360 |
Bonds, Series 2015A, 5.500%, 6/15/53 |
||||
4,780 |
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project |
12/27 at 100.00 |
BB+ |
4,329,772 |
Bonds, Series 2017A, 5.000%, 6/15/57 |
||||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place |
||||
Expansion Project, Refunding Series 1996A: |
||||
12,250 |
0.000%, 12/15/22 – NPFG Insured |
No Opt. Call |
BB+ |
12,188,873 |
23,575 |
0.000%, 12/15/23 – NPFG Insured |
No Opt. Call |
BB+ |
22,454,716 |
10,775 |
0.000%, 12/15/24 – NPFG Insured |
No Opt. Call |
BB+ |
9,809,560 |
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place |
||||
Expansion Project, Series 2002A: |
||||
6,610 |
0.000%, 12/15/23 |
No Opt. Call |
Baa2 |
6,295,893 |
155 |
0.000%, 12/15/23 (ETM) |
No Opt. Call |
N/R (4) |
149,103 |
5,000 |
0.000%, 12/15/34 – NPFG Insured |
No Opt. Call |
BB+ |
2,600,650 |
1,100 |
0.000%, 12/15/35 – NPFG Insured |
No Opt. Call |
BB+ |
538,032 |
3,805 |
0.000%, 6/15/41 – NPFG Insured |
No Opt. Call |
BB+ |
1,290,428 |
1,560 |
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place |
No Opt. Call |
AA+ (4) |
1,678,420 |
Hospitality Facility, Series 1996A, 7.000%, 7/01/26 (ETM) |
||||
2,130 |
Northern Illinois University, Auxiliary Facilities System Revenue Bonds, Series 2021, |
4/31 at 100.00 |
Ba2 |
1,826,922 |
4.000%, 10/01/40 – BAM Insured |
||||
1,240 |
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, |
No Opt. Call |
A1 |
1,256,492 |
Illinois, General Obligation Bonds, Series 1999, 5.750%, 6/01/23 – AGM Insured |
||||
2,395 |
Southwestern Illinois Development Authority, Local Government Revenue Bonds, |
No Opt. Call |
AA |
2,387,671 |
Edwardsville Community Unit School District 7 Project, Series 2007, 0.000%, 12/01/22 – |
||||
AGM Insured |
||||
Springfield, Illinois, Electric Revenue Bonds, Refunding Senior Lien Series 2015: |
||||
2,250 |
5.000%, 3/01/29 |
3/25 at 100.00 |
A3 |
2,309,467 |
3,505 |
5.000%, 3/01/40 – AGM Insured |
3/25 at 100.00 |
A2 |
3,581,129 |
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013: |
||||
1,580 |
6.000%, 10/01/32 |
10/23 at 100.00 |
Baa1 |
1,611,252 |
9,625 |
6.250%, 10/01/38 |
10/23 at 100.00 |
Baa1 |
9,828,376 |
2,845 |
6.000%, 10/01/42 |
10/23 at 100.00 |
Baa1 |
2,895,556 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Illinois (continued) |
||||
$ 4,930 |
Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation |
No Opt. Call |
A2 |
$ 4,899,828 |
Bonds, Series 2006, 0.000%, 1/01/23 – AGM Insured |
||||
487,490 |
Total Illinois |
453,371,371 | ||
Indiana – 1.5% (0.9% of Total Investments) |
||||
6,180 |
Crown Point Multi-School Building Corporation, Indiana, First Mortgage Bonds, Crown |
No Opt. Call |
Baa2 |
6,136,060 |
Point Community School Corporation, Series 2000, 0.000%, 1/15/23 – NPFG Insured |
||||
1,480 |
Gary Local Public Improvement Bond Bank, Indiana, Economic Development Revenue Bonds, |
6/30 at 100.00 |
N/R |
1,196,624 |
Drexel Foundation for Educational Excellence Project, Refunding Series 2020A, 5.875%, |
||||
6/01/55, 144A |
||||
2,865 |
Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project, |
5/23 at 100.00 |
A (4) |
2,890,613 |
Series 2012A, 5.000%, 5/01/42 (Pre-refunded 5/01/23) |
||||
7,480 |
Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation |
6/25 at 100.00 |
AA |
7,520,841 |
Group, Refunding 2015A, 5.000%, 12/01/40 |
||||
Indiana Finance Authority, Provate Activity Bonds, Ohio River Bridges East End Crossing |
||||
Project, Series 2013A: |
||||
3,015 |
5.000%, 7/01/44 (Pre-refunded 7/01/23) (AMT) |
7/23 at 100.00 |
BBB+ (4) |
3,031,613 |
1,420 |
5.000%, 7/01/48 (Pre-refunded 7/01/23) (AMT) |
7/23 at 100.00 |
BBB+ (4) |
1,427,824 |
1,500 |
Indiana Finance Authority, Provate Activity Bonds, Ohio River Bridges East End Crossing |
7/23 at 100.00 |
BBB+ (4) |
1,508,265 |
Project, Series 2013B, 5.000%, 7/01/40 (Pre-refunded 7/01/23) (AMT) |
||||
5,115 |
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, |
10/26 at 100.00 |
A+ |
5,272,542 |
First Lien Green Series 2016A, 5.000%, 10/01/41 |
||||
4,500 |
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, |
12/22 at 100.00 |
Aa3 |
4,035,690 |
Series 2012A, 4.000%, 10/01/42 |
||||
4,375 |
Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series |
7/26 at 100.00 |
A+ |
4,491,813 |
2016A, 5.000%, 1/01/42 |
||||
3,985 |
Valparaiso, Indiana, Exempt Facilities Revenue Bonds, Pratt Paper LLC Project, Series |
1/24 at 100.00 |
N/R |
4,077,253 |
2013, 7.000%, 1/01/44 (AMT) |
||||
41,915 |
Total Indiana |
41,589,138 | ||
Iowa – 0.6% (0.3% of Total Investments) |
||||
2,550 |
Iowa Finance Authority Senior Living Facilities Revenue Bonds, Sunrise Retirement |
9/28 at 102.00 |
N/R |
2,059,405 |
Community Project, Refunding Series 2021, 5.000%, 9/01/41 |
||||
1,505 |
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc. |
12/22 at 100.00 |
Ba2 |
1,309,320 |
Project, Series 2012, 4.750%, 8/01/42 |
||||
7,035 |
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer |
12/29 at 103.00 |
BBB– |
6,102,089 |
Company Project, Refunding Series 2022, 5.000%, 12/01/50 |
||||
6,235 |
Iowa State, Hospital Revenue Bonds, University of Iowa Hospitals and Clinics, SUI Series |
9/32 at 100.00 |
Aa2 |
5,800,795 |
2022A, 4.000%, 9/01/36 |
||||
5,290 |
Iowa Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Bonds, Class 2 |
6/31 at 25.58 |
N/R |
473,296 |
Capital Appreciation Senior Lien Series 2021B-2, 0.000%, 6/01/65 |
||||
22,615 |
Total Iowa |
15,744,905 | ||
Kansas – 0.3% (0.2% of Total Investments) |
||||
3,965 |
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Series 2018A, |
7/28 at 100.00 |
A |
3,832,093 |
5.000%, 7/01/48 |
||||
3,625 |
Wyandotte County Unified School District 203, Piper, Kansas, General Obligation Bonds, |
9/32 at 100.00 |
AA |
3,799,435 |
Improvement and Refunding Series 2022A, 5.250%, 9/01/52 – AGM Insured |
||||
7,590 |
Total Kansas |
7,631,528 | ||
Kentucky – 0.7% (0.4% of Total Investments) |
||||
2,730 |
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky |
7/25 at 100.00 |
Baa2 |
2,536,634 |
Information Highway Project, Senior Series 2015A, 5.000%, 1/01/45 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Kentucky (continued) |
||||
Kentucky Public Transportation Infrastructure Authority, Toll Revenue Bonds, Downtown |
||||
Crossing Project, Convertible Capital Appreciation First Tier Series 2013C: |
||||
$ 4,790 |
0.000%, 7/01/43 (7) |
7/31 at 100.00 |
Baa2 |
$ 5,090,141 |
3,655 |
0.000%, 7/01/46 (7) |
7/31 at 100.00 |
Baa2 |
3,889,761 |
Kentucky Public Transportation Infrastructure Authority, Toll Revenue Bonds, Downtown |
||||
Crossing Project, First Tier Series 2013A: |
||||
8,360 |
5.750%, 7/01/49 (Pre-refunded 7/01/23) |
7/23 at 100.00 |
Baa2 (4) |
8,465,837 |
585 |
6.000%, 7/01/53 (Pre-refunded 7/01/23) |
7/23 at 100.00 |
Baa2 (4) |
593,278 |
20,120 |
Total Kentucky |
20,575,651 | ||
Louisiana – 3.7% (2.2% of Total Investments) |
||||
4,200 |
Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala |
7/23 at 100.00 |
N/R |
4,210,920 |
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– (4) |
2,765,710 |
5.000%, 2/01/39 (Pre-refunded 2/01/25) |
||||
3,130 |
Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue |
12/27 at 100.00 |
A1 |
3,249,942 |
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+ |
1,374,585 |
4,685 |
4.000%, 4/01/43 |
4/27 at 100.00 |
AA+ |
4,261,570 |
4,000 |
Louisiana Local Government Environmental Facilities and Community Development Authority, |
10/27 at 100.00 |
A |
3,931,320 |
Louisiana, Revenue Bonds, Womans Hospital Foundation Project, Refunding Series 2017A, |
||||
5.000%, 10/01/41 |
||||
5,200 |
Louisiana Local Government Environmental Facilities and Community Development Authority, |
2/24 at 100.00 |
A+ (4) |
5,313,152 |
Revenue Bonds, East Baton Rouge Sewerage Commission Projects, Subordinate Lien Series 2014A, |
||||
5.000%, 2/01/44 (Pre-refunded 2/01/24) |
||||
8,090 |
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Ochsner Clinic Foundation |
5/27 at 100.00 |
A3 |
7,978,358 |
Project, Refunding Series 2017, 5.000%, 5/15/46 |
||||
22,000 |
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Ochsner Clinic Foundation |
5/30 at 100.00 |
A3 |
17,344,580 |
Project, Series 2020A, 4.000%, 5/15/49 |
||||
7,130 |
Louisiana Public Facilities Authority, Dock and Wharf Revenue Bonds, Impala Warehousing |
7/23 at 100.00 |
N/R |
7,176,060 |
(US) LLC Project, Series 2013, 6.500%, 7/01/36 (AMT), 144A |
||||
1,265 |
Louisiana Public Facilities Authority, Hospital Revenue and Refunding Bonds, Lafayette |
11/25 at 100.00 |
N/R (4) |
1,322,115 |
General Medical Center Project, Series 2016A, 5.000%, 11/01/45 (Pre-refunded 11/01/25) |
||||
1,830 |
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, |
5/26 at 100.00 |
A3 |
1,676,591 |
Refunding Series 2016, 4.000%, 5/15/35 |
||||
330 |
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series |
7/23 at 100.00 |
A2 |
331,861 |
2013A, 5.000%, 7/01/36 |
||||
14,000 |
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Series 2015A, 4.000%, |
5/25 at 100.00 |
AA– (4) |
14,241,640 |
5/01/41 (Pre-refunded 5/01/25) |
||||
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– |
5,997,696 |
6,895 |
5.000%, 1/01/45 (AMT) |
1/25 at 100.00 |
A– |
6,568,246 |
1,000 |
New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2012, 5.000%, |
12/22 at 100.00 |
A2 |
1,000,940 |
12/01/28 – AGM Insured |
||||
5,350 |
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014, 5.000%, |
6/24 at 100.00 |
A (4) |
5,487,334 |
6/01/44 (Pre-refunded 6/01/24) |
||||
1,200 |
New Orleans, Louisiana, Water Revenue Bonds, Refunding Series 2014, 5.000%, 12/01/44 |
12/24 at 100.00 |
A– (4) |
1,242,180 |
(Pre-refunded 12/01/24) |
||||
5,655 |
Shreveport, Louisiana, Water and Sewer Revenue Bonds, Refunding Series 2015, |
12/25 at 100.00 |
A– |
5,876,337 |
5.000%, 12/01/40 |
||||
1,650 |
Tangipahoa Water District, Tangipahoa, Louisiana, Water Revenue Bonds, Series 2021, |
12/31 at 100.00 |
AA |
1,403,506 |
4.000%, 12/01/51 – BAM Insured |
||||
108,010 |
Total Louisiana |
102,754,643 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Maine – 0.6% (0.3% of Total Investments) |
||||
$ 2,775 |
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine |
7/23 at 100.00 |
Ba1 (4) |
$ 2,805,747 |
Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/33 (Pre-refunded 7/01/23) |
||||
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 |
3,106,080 |
2,800 |
4.000%, 7/01/46 |
7/26 at 100.00 |
Ba1 |
2,171,316 |
3,245 |
Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth |
7/28 at 100.00 |
A+ |
3,198,953 |
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+ |
1,986,760 |
Series 2013, 5.000%, 7/01/43 |
||||
Maine Turnpike Authority, Special Obligation Bonds, Series 2014: |
||||
1,290 |
5.000%, 7/01/33 |
7/24 at 100.00 |
A– |
1,321,128 |
1,020 |
5.000%, 7/01/34 |
7/24 at 100.00 |
A– |
1,045,286 |
16,950 |
Total Maine |
15,635,270 | ||
Maryland – 10.6% (6.2% of Total Investments) |
||||
1,840 |
Anne Arundel County, Maryland, FNMA Multifamily Housing Revenue Bonds, Glenview Gardens |
12/22 at 100.00 |
AA+ |
1,841,693 |
Apartments Project, Series 2009, 5.000%, 1/01/28 (Mandatory Put 1/01/27) |
||||
1,200 |
Anne Arundel County, Maryland, Special Tax District Revenue Bonds, Villages of |
7/23 at 100.00 |
AA |
1,210,476 |
Dorchester & Farmington Village Projects, Series 2013, 5.000%, 7/01/32 |
||||
Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2016: |
||||
1,000 |
3.625%, 1/01/37 |
1/26 at 100.00 |
A |
864,680 |
2,220 |
5.000%, 1/01/37 |
1/26 at 100.00 |
A |
2,247,928 |
2,500 |
Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2020, |
1/27 at 103.00 |
A |
2,008,375 |
4.000%, 1/01/50 |
||||
635 |
Baltimore County, Maryland, Revenue Bonds, Riderwood Village Inc Facility, Series 2020, |
1/27 at 103.00 |
A |
544,030 |
4.000%, 1/01/50 |
||||
9,215 |
Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017, |
9/27 at 100.00 |
CCC |
7,699,409 |
5.000%, 9/01/42 |
||||
2,480 |
Baltimore, Maryland, Project and Revenue Refunding Bonds, Water Projects, Series 2013B, |
1/24 at 100.00 |
AA– (4) |
2,530,542 |
5.000%, 7/01/38 (Pre-refunded 1/01/24) |
||||
1,000 |
Baltimore, Maryland, Revenue Bonds, Storm Water Projects, Series 2019A, 5.000%, 7/01/49 |
7/29 at 100.00 |
AA– |
1,018,800 |
2,000 |
Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Series 2019A, 5.000%, 7/01/49 |
7/29 at 100.00 |
AA |
2,037,600 |
5,000 |
Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Subordinate Series 2014C, |
1/25 at 100.00 |
AA– |
5,055,600 |
5.000%, 7/01/44 |
||||
2,000 |
Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Subordinate Series 2017A, |
1/27 at 100.00 |
AA– |
2,032,060 |
5.000%, 7/01/46 |
||||
2,000 |
Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Subordinate Series 2017A, |
1/27 at 100.00 |
AA– |
2,032,060 |
5.000%, 7/01/46 (UB) |
||||
1,220 |
Baltimore, Maryland, Revenue Bonds, Water Projects, Refunding Series 1994A, 5.000%, |
No Opt. Call |
AA– (4) |
1,232,859 |
7/01/24 – FGIC Insured (ETM) |
||||
2,050 |
Baltimore, Maryland, Revenue Bonds, Water Projects, Refunding Series 1998A, 5.000%, |
8/21 at 100.00 |
AA (4) |
2,128,966 |
7/01/28 – FGIC Insured (ETM) |
||||
2,500 |
Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2014A, |
1/25 at 100.00 |
A+ |
2,527,800 |
5.000%, 7/01/44 |
||||
6,000 |
Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2017A, 5.000%, |
1/27 at 100.00 |
AA– |
6,153,000 |
7/01/41 (UB) |
||||
1,450 |
Baltimore, Maryland, Special Obligation Bonds, Center/West Development Project, Series |
6/26 at 100.00 |
N/R |
1,394,668 |
2017A, 5.500%, 6/01/43 |
||||
Baltimore, Maryland, Special Obligation Bonds, Consolidated Tax Increment Financing, |
||||
Series 2015: |
||||
525 |
5.000%, 6/15/30 |
6/24 at 100.00 |
BBB+ |
532,282 |
425 |
5.000%, 6/15/33 |
6/24 at 100.00 |
BBB+ |
429,581 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Maryland (continued) |
||||
Baltimore, Maryland, Special Obligation Bonds, East Baltimore Research Park Project, |
||||
Series 2017A: |
||||
$ 1,270 |
4.500%, 9/01/33 |
9/27 at 100.00 |
N/R |
$ 1,189,609 |
240 |
5.000%, 9/01/38 |
9/27 at 100.00 |
N/R |
229,598 |
Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding |
||||
Series 2016: |
||||
1,895 |
5.000%, 6/01/36 |
6/26 at 100.00 |
N/R |
1,829,679 |
250 |
5.125%, 6/01/43 |
6/26 at 100.00 |
N/R |
233,353 |
2,000 |
Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series |
6/29 at 100.00 |
N/R |
1,434,540 |
2019A, 3.625%, 6/01/46, 144A |
||||
350 |
Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series |
6/23 at 100.00 |
N/R |
257,702 |
2019B, 3.875%, 6/01/46, 144A |
||||
Brunswick, Frederick County, Maryland, Special Obligation Bonds, Brunswick Crossing |
||||
Special Taxing District, Refunding Series 2019: |
||||
450 |
4.000%, 7/01/29 |
1/29 at 100.00 |
N/R |
426,204 |
739 |
5.000%, 7/01/36 |
1/29 at 100.00 |
N/R |
718,330 |
Frederick County, Maryland, Educational Facilities Revenue Bonds, Mount Saint Mary’s |
||||
University Inc., Series 2017A: |
||||
3,000 |
5.000%, 9/01/37, 144A |
9/27 at 100.00 |
BB+ |
2,771,580 |
1,750 |
5.000%, 9/01/45, 144A |
9/27 at 100.00 |
BB+ |
1,522,062 |
374 |
Frederick County, Maryland, Special Obligation Bonds, Lake Linganore Village Community |
12/22 at 100.00 |
AA |
374,662 |
Development Series 2001A, 5.700%, 7/01/29 – RAAI Insured |
||||
Frederick County, Maryland, Special Obligation Bonds, Urbana Community Development |
||||
Authority, Refunding Series 2020A: |
||||
1,020 |
4.000%, 7/01/38 |
7/30 at 100.00 |
A– |
915,583 |
500 |
4.000%, 7/01/39 |
7/30 at 100.00 |
A– |
441,865 |
370 |
Frederick County, Maryland, Tax Increment and Special Tax B Limited Obligation Bonds, |
7/29 at 100.00 |
N/R |
287,960 |
Oakdale-Lake Linganore Project, Series 2019, 3.750%, 7/01/39 |
||||
120 |
Frederick County, Maryland, Tax Increment and Special Tax Limited Obligation Bonds, |
7/30 at 102.00 |
N/R |
107,411 |
Jefferson Technology Park Project, Refunding Series 2020B, 4.625%, 7/01/43, 144A |
||||
3,000 |
Gaithersburg, Maryland, Economic Development Revenue Bonds, Asbury Methodist Obligated |
1/24 at 104.00 |
BBB |
2,917,860 |
Group Project, Refunding Series 2018A, 5.000%, 1/01/36 |
||||
Howard County Housing Commission, Maryland, Revenue Bonds, Columbia Commons Apartments, |
||||
Series 2014A: |
||||
1,500 |
4.000%, 6/01/34 |
6/24 at 100.00 |
A+ |
1,503,390 |
1,550 |
5.000%, 6/01/44 |
6/24 at 100.00 |
A+ |
1,568,197 |
1,860 |
Howard County Housing Commission, Maryland, Revenue Bonds, Gateway Village Apartments, |
6/26 at 100.00 |
A+ |
1,542,889 |
Series 2016, 4.000%, 6/01/46 |
||||
Howard County Housing Commission, Maryland, Revenue Bonds, The Verona at Oakland Mills |
||||
Project, Series 2013: |
||||
2,000 |
4.625%, 10/01/28 |
10/23 at 100.00 |
A+ |
2,012,920 |
3,000 |
5.000%, 10/01/28 |
10/23 at 100.00 |
A+ |
3,030,720 |
1,000 |
Howard County Housing Commission, Maryland, Revenue Bonds, Woodfield Oxford Square |
12/27 at 100.00 |
A+ |
1,013,160 |
Apartments, Series 2017, 5.000%, 12/01/42 |
||||
1,290 |
Howard County, Maryland, Retirement Community Revenue Bonds, Vantage House, Refunding |
4/27 at 100.00 |
N/R |
1,024,492 |
Series 2016, 5.000%, 4/01/46 |
||||
1,710 |
Howard County, Maryland, Retirement Community Revenue Bonds, Vantage House, Refunding |
4/27 at 100.00 |
N/R |
1,474,636 |
Series 2017, 5.000%, 4/01/36 |
||||
1,420 |
Howard County, Maryland, Special Obligation Bonds, Annapolis Junction Town Center |
2/24 at 100.00 |
N/R |
1,311,853 |
Project, Series 2014, 6.100%, 2/15/44 |
||||
Howard County, Maryland, Special Obligation Bonds, Downtown Columbia Project, |
||||
Series 2017A: |
||||
1,500 |
4.125%, 2/15/34, 144A |
2/26 at 100.00 |
N/R |
1,337,490 |
1,550 |
4.375%, 2/15/39, 144A |
2/26 at 100.00 |
N/R |
1,351,739 |
850 |
4.500%, 2/15/47, 144A |
2/26 at 100.00 |
N/R |
705,024 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Maryland (continued) |
||||
Hyattsville, Maryland, Special Obligation Bonds, University Town Center Project, |
||||
Series 2016: |
||||
$ 2,125 |
5.000%, 7/01/31 |
7/25 at 100.00 |
N/R |
$ 1,992,634 |
1,640 |
5.000%, 7/01/34 |
7/25 at 100.00 |
N/R |
1,489,153 |
1,220 |
Maryland Community Development Administration Department of Housing and Community |
7/29 at 100.00 |
Aa2 |
826,818 |
Development, Housing Revenue Bonds, Series 2000A, 2.800%, 7/01/45 |
||||
1,195 |
Maryland Community Development Administration Department of Housing and Community |
1/24 at 100.00 |
Aa2 |
1,121,101 |
Development, Housing Revenue Bonds, Series 2014D, 3.900%, 7/01/40 |
||||
680 |
Maryland Community Development Administration Department of Housing and Community |
1/27 at 100.00 |
Aa2 |
576,055 |
Development, Housing Revenue Bonds, Series 2017C, 3.550%, 7/01/42 |
||||
700 |
Maryland Community Development Administration Department of Housing and Community |
1/30 at 100.00 |
Aa2 |
432,936 |
Development, Housing Revenue Bonds, Series 2020E, 2.350%, 7/01/45 |
||||
1,445 |
Maryland Community Development Administration Department of Housing and Community |
3/29 at 100.00 |
AA |
1,118,950 |
Development, Residential Revenue Bonds, Series 2019C, 3.000%, 3/01/42 |
||||
2,000 |
Maryland Community Development Administration Department of Housing and Community |
9/29 at 100.00 |
AA |
1,320,680 |
Development, Residential Revenue Bonds, Series 2020D, 2.100%, 9/01/40 |
||||
2,570 |
Maryland Community Development Administration Department of Housing and Community |
3/30 at 100.00 |
AA |
1,557,009 |
Development, Residential Revenue Bonds, Series 2021A, 2.000%, 9/01/43 |
||||
2,000 |
Maryland Community Development Administration Department of Housing and Community |
7/29 at 100.00 |
Aa2 |
1,515,020 |
Development, Residential Revenue Bonds, Taxable Series 2019D, 3.350%, 7/01/49 |
||||
1,000 |
Maryland Community Development Administration, Department of Housing and Community |
12/24 at 100.00 |
Aaa |
970,330 |
Development, Multifamily Development Revenue Bonds, Marlborough Apartments, Series 2014I, |
||||
3.450%, 12/15/31 |
||||
720 |
Maryland Community Development Administration, Local Government Infrastructure Bonds, |
6/29 at 100.00 |
Aa3 |
614,290 |
Subordinate Obligation Series 2019B-2, 4.000%, 6/01/49 |
||||
600 |
Maryland Economic Development Corporation Economic Development Revenue Bonds, Terminal |
6/29 at 100.00 |
Baa3 |
574,692 |
Project, Series 2019A, 5.000%, 6/01/49 (AMT) |
||||
Maryland Economic Development Corporation Economic Development Revenue Bonds, |
||||
Transportation Facilities Project, Refunding Series 2017A: |
||||
1,000 |
5.000%, 6/01/31 |
6/28 at 100.00 |
Baa3 |
1,029,300 |
1,125 |
5.000%, 6/01/32 |
6/28 at 100.00 |
Baa3 |
1,153,901 |
3,360 |
5.000%, 6/01/35 |
6/28 at 100.00 |
Baa3 |
3,417,019 |
1,500 |
Maryland Economic Development Corporation, Air Cargo Obligated Group Revenue Bonds, AFCO |
7/29 at 100.00 |
BBB |
1,189,365 |
Airport Real Estate Group, Series 2019, 4.000%, 7/01/44 (AMT) |
||||
Maryland Economic Development Corporation, Parking Facilities Revenue Bonds Baltimore |
||||
City Project, Subordinate Parking Facilities Revenue Bonds, Series 2018C: |
||||
1,250 |
4.000%, 6/01/48 |
6/28 at 100.00 |
BB– |
865,150 |
1,080 |
4.000%, 6/01/58 |
6/28 at 100.00 |
BB– |
698,792 |
3,725 |
Maryland Economic Development Corporation, Parking Facilities Revenue Bonds, Baltimore |
6/28 at 100.00 |
BB |
3,141,665 |
City Project, Senior Parking Facilities Revenue Bonds, Series 2018A, 5.000%, 6/01/58 |
||||
5,810 |
Maryland Economic Development Corporation, Port Facilities Revenue Bonds, CNX Marine |
12/22 at 100.00 |
BB– |
5,807,967 |
Terminals Inc. Port of Baltimore Facility, Refunding Series 2010, 5.750%, 9/01/25 |
||||
2,000 |
Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt |
12/22 at 100.00 |
N/R |
1,200,000 |
Conference Center, Series 2006A, 5.000%, 12/01/31 (5) |
||||
Maryland Economic Development Corporation, Senior Student Housing Revenue Bonds, Towson |
||||
University Project, Refunding Series 2017: |
||||
1,100 |
5.000%, 7/01/36 |
7/27 at 100.00 |
BB+ |
985,050 |
470 |
5.000%, 7/01/37 |
12/22 at 100.00 |
BB+ |
417,811 |
Maryland Economic Development Corporation, Special Obligation Bonds, Metro Centre Owings |
||||
Mills Project, Series 2017: |
||||
585 |
4.375%, 7/01/36 |
1/27 at 100.00 |
N/R |
521,949 |
355 |
4.500%, 7/01/44 |
1/27 at 100.00 |
N/R |
302,030 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Maryland (continued) |
||||
Maryland Economic Development Corporation, Student Housing Revenue Bonds, Salisbury |
||||
University Project, Refunding Series 2013: |
||||
$ 500 |
5.000%, 6/01/27 |
6/23 at 100.00 |
Baa3 |
$ 499,570 |
500 |
5.000%, 6/01/34 |
6/23 at 100.00 |
Baa3 |
475,480 |
1,510 |
Maryland Economic Development Corporation, Student Housing Revenue Bonds, Sheppard Pratt |
12/22 at 100.00 |
BBB– |
1,461,665 |
University Village, Series 2012, 5.000%, 7/01/33 |
||||
495 |
Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of |
7/25 at 100.00 |
BB+ |
471,814 |
Maryland – Baltimore Project, Refunding Senior Lien Series 2015, 5.000%, 7/01/39 |
||||
1,110 |
Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of |
12/22 at 100.00 |
A2 |
1,017,126 |
Maryland, Baltimore County Project, Refunding Series 2016, 3.600%, 7/01/35 – AGM Insured |
||||
Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of |
||||
Maryland, College Park Project, Refunding Series 2016: |
||||
875 |
5.000%, 6/01/30 – AGM Insured |
6/26 at 100.00 |
A2 |
904,759 |
240 |
5.000%, 6/01/31 – AGM Insured |
6/26 at 100.00 |
A2 |
247,834 |
2,405 |
5.000%, 6/01/35 – AGM Insured |
6/26 at 100.00 |
A2 |
2,454,591 |
780 |
5.000%, 6/01/43 – AGM Insured |
6/26 at 100.00 |
A2 |
770,936 |
Maryland Health and Higher Educational Facilities Authority, Maryland, Revenue Bonds, |
||||
Meritus Medical Center, Series 2015: |
||||
990 |
4.000%, 7/01/32 |
7/25 at 100.00 |
BBB |
910,166 |
2,470 |
4.250%, 7/01/35 |
7/25 at 100.00 |
BBB |
2,192,273 |
1,740 |
5.000%, 7/01/45 |
7/25 at 100.00 |
BBB |
1,650,025 |
Maryland Health and Higher Educational Facilities Authority, Parking Facilities Revenue |
||||
Bonds, Johns Hopkins Hospital, Series 2001: |
||||
1,300 |
5.000%, 7/01/27 – AMBAC Insured |
12/22 at 100.00 |
N/R |
1,309,139 |
1,000 |
5.000%, 7/01/34 – AMBAC Insured |
12/22 at 100.00 |
N/R |
1,007,100 |
270 |
Maryland Health and Higher Educational Facilities Authority, Parking Facilities Revenue |
12/22 at 100.00 |
N/R |
271,898 |
Bonds, Johns Hopkins Medical Institutions, Series 1996, 5.500%, 7/01/26 – AMBAC Insured |
||||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds Doctors |
||||
Community Hospital, Series 2017B: |
||||
250 |
5.000%, 7/01/34 |
7/27 at 100.00 |
Baa3 |
251,450 |
4,820 |
5.000%, 7/01/38 |
7/27 at 100.00 |
Baa3 |
4,804,576 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy |
||||
Medical Center, Series 2016A: |
||||
90 |
5.000%, 7/01/36 |
7/26 at 100.00 |
BBB+ |
90,081 |
1,450 |
5.000%, 7/01/38 |
7/26 at 100.00 |
BBB+ |
1,423,784 |
600 |
4.000%, 7/01/42 |
7/26 at 100.00 |
BBB+ |
476,796 |
1,540 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist |
1/32 at 100.00 |
Baa3 |
1,509,770 |
Healthcare Inc., Series 2021, 5.000%, 1/01/36 |
||||
4,020 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist |
1/27 at 100.00 |
Baa3 |
3,941,650 |
Healthcare, Series 2016A, 5.500%, 1/01/46 |
||||
2,000 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Calvert |
7/23 at 100.00 |
A3 (4) |
2,019,540 |
Health System Issue, Refunding Series 2013, 5.000%, 7/01/38 (Pre-refunded 7/01/23) |
||||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Charlestown |
||||
Community Issue, Series 2016A: |
||||
2,125 |
5.000%, 1/01/36 |
7/26 at 100.00 |
A– |
2,172,834 |
4,090 |
5.000%, 1/01/45 |
7/26 at 100.00 |
A– |
4,136,380 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick |
||||
Health System Issue; Series 2020: |
||||
1,000 |
3.250%, 7/01/39 |
7/30 at 100.00 |
Baa1 |
729,970 |
100 |
4.000%, 7/01/40 |
7/30 at 100.00 |
Baa1 |
86,124 |
280 |
4.000%, 7/01/45 |
7/30 at 100.00 |
Baa1 |
230,440 |
1,240 |
4.000%, 7/01/50 |
7/30 at 100.00 |
Baa1 |
971,094 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher |
||||
College, Series 2017A: |
||||
1,100 |
5.000%, 7/01/37 |
7/27 at 100.00 |
BBB+ |
1,112,397 |
1,200 |
5.000%, 7/01/44 |
7/27 at 100.00 |
BBB+ |
1,201,296 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Maryland (continued) |
||||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Green Street |
||||
Academy, Series 2017A: |
||||
$ 265 |
5.125%, 7/01/37, 144A |
7/27 at 100.00 |
N/R |
$ 241,126 |
500 |
5.250%, 7/01/47, 144A |
7/27 at 100.00 |
N/R |
430,210 |
2,130 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Helix |
8/21 at 100.00 |
N/R (4) |
2,215,136 |
Health, Series 1997, 5.000%, 7/01/27 – AMBAC Insured (ETM) |
||||
2,500 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns |
5/25 at 100.00 |
AA– |
2,254,175 |
Hopkins Health System Issue, Series 2015A, 4.000%, 5/15/40 |
||||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns |
||||
Hopkins University, Series 2013B: |
||||
500 |
5.000%, 7/01/38 |
7/23 at 100.00 |
AA |
501,680 |
4,375 |
4.250%, 7/01/41 |
7/23 at 100.00 |
AA |
4,188,800 |
2,000 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge |
7/26 at 100.00 |
A+ |
1,959,040 |
Health Issue, Series 2016, 5.000%, 7/01/47 |
||||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge |
||||
Health Issue, Series 2017: |
||||
1,000 |
5.000%, 7/01/33 |
7/27 at 100.00 |
A+ |
1,027,390 |
2,500 |
4.000%, 7/01/42 |
7/27 at 100.00 |
A+ |
2,178,825 |
1,000 |
5.000%, 7/01/44 |
7/27 at 100.00 |
A+ |
993,120 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge |
||||
Health System, Series 2015: |
||||
1,500 |
4.000%, 7/01/35 (Pre-refunded 7/01/25) |
7/25 at 100.00 |
A+ (4) |
1,527,390 |
1,125 |
5.000%, 7/01/40 (Pre-refunded 7/01/25) |
7/25 at 100.00 |
A+ (4) |
1,174,883 |
2,975 |
4.125%, 7/01/47 |
7/25 at 100.00 |
A+ |
2,568,347 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola |
||||
University Maryland, Series 2014: |
||||
1,000 |
4.000%, 10/01/45 |
10/24 at 100.00 |
A |
827,770 |
1,250 |
5.000%, 10/01/45 |
10/24 at 100.00 |
A |
1,263,625 |
1,210 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola |
10/29 at 100.00 |
A |
1,234,224 |
University Maryland, Series 2019A, 5.000%, 10/01/49 |
||||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland |
||||
Institute College of Art, Series 2012: |
||||
1,500 |
5.000%, 6/01/34 |
11/22 at 100.00 |
Baa1 |
1,500,390 |
3,000 |
5.000%, 6/01/47 |
11/22 at 100.00 |
Baa1 |
2,992,710 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland |
||||
Institute College of Art, Series 2016: |
||||
175 |
5.000%, 6/01/36 |
6/26 at 100.00 |
Baa1 |
176,771 |
2,500 |
4.000%, 6/01/42 |
6/26 at 100.00 |
Baa1 |
2,135,550 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland |
||||
Institute College of Art, Series 2017: |
||||
525 |
5.000%, 6/01/35 |
6/26 at 100.00 |
Baa1 |
530,796 |
1,000 |
5.000%, 6/01/42 |
6/26 at 100.00 |
Baa1 |
1,002,400 |
2,500 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar |
2/25 at 100.00 |
A |
2,517,025 |
Health Issue, Series 2015, 5.000%, 8/15/38 |
||||
6,000 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar |
5/27 at 100.00 |
A |
6,003,540 |
Health Issue, Series 2017A, 5.000%, 5/15/42 |
||||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula |
||||
Regional Medical Center Issue, Refunding Series 2015: |
||||
2,790 |
5.000%, 7/01/39 (Pre-refunded 7/01/24) |
7/24 at 100.00 |
A3 (4) |
2,862,791 |
5,500 |
5.000%, 7/01/45 (Pre-refunded 7/01/24) |
7/24 at 100.00 |
A3 (4) |
5,643,495 |
865 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Stevenson |
6/31 at 100.00 |
BBB– |
713,149 |
University, Series 2021A, 4.000%, 6/01/41 |
||||
3,260 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Trinity |
6/27 at 100.00 |
AA– |
3,259,315 |
Health Credit Group, Series 2017MD, 5.000%, 12/01/46 (UB) (8) |
||||
1,000 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Trinity |
6/27 at 100.00 |
AA– |
999,790 |
Health Credit Group, Series 2017MD, 5.000%, 12/01/46 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Maryland (continued) |
||||
$ 1,000 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University |
7/25 at 100.00 |
A |
$ 1,012,040 |
of Maryland Medical System Issue, Series 2015, 5.000%, 7/01/35 |
||||
5,500 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University |
7/27 at 100.00 |
A |
5,505,335 |
of Maryland Medical System Issue, Series 2017B, 5.000%, 7/01/39 |
||||
2,000 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University |
1/28 at 100.00 |
A |
1,616,900 |
of Maryland Medical System Issue, Taxable Series 2017D, 4.000%, 7/01/48 |
||||
2,500 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University |
4/30 at 100.00 |
A |
1,984,950 |
of Pittsburgh Medical Center, Series 2020B, 4.000%, 4/15/50 |
||||
12,250 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western |
7/24 at 100.00 |
N/R (4) |
12,638,815 |
Maryland Health, Series 2014, 5.250%, 7/01/34 (Pre-refunded 7/01/24) |
||||
Maryland Stadium Authority, Revenue Bonds, Baltimore City Public Schools Construction & |
||||
Revitalization Program, Series 2016: |
||||
4,395 |
5.000%, 5/01/33 |
5/26 at 100.00 |
AA– |
4,529,575 |
3,650 |
5.000%, 5/01/35 (Pre-refunded 5/01/26) |
5/26 at 100.00 |
AA– (4) |
3,858,123 |
5,100 |
5.000%, 5/01/46 (Pre-refunded 5/01/26) (UB) (8) |
5/26 at 100.00 |
AA– (4) |
5,390,802 |
Maryland Stadium Authority, Revenue Bonds, Baltimore City Public Schools Construction & |
||||
Revitalization Program, Series 2018A: |
||||
2,000 |
5.000%, 5/01/35 |
5/28 at 100.00 |
AA– |
2,082,000 |
2,000 |
5.000%, 5/01/36 (UB) (8) |
5/28 at 100.00 |
AA– |
2,079,180 |
6,250 |
5.000%, 5/01/42 (UB) (8) |
5/28 at 100.00 |
AA– |
6,429,875 |
7,000 |
Maryland Transportation Authority, Revenue Bonds, Transportation Facilities Projects, |
7/30 at 100.00 |
AA– |
5,938,660 |
Series 2020, 4.000%, 7/01/50 |
||||
1,250 |
Maryland Transportation Authority, Revenue Bonds, Transportation Facilities Projects, |
7/31 at 100.00 |
Aa2 |
1,306,100 |
Series 2021A, 5.000%, 7/01/46 |
||||
1,500 |
Montgomery County Housing Opportunities Commission, Maryland, Multifamily Housing |
7/24 at 100.00 |
Aaa |
1,371,915 |
Development Bonds, Series 2014A, 3.875%, 7/01/39 |
||||
Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Series 2015: |
||||
6,000 |
4.000%, 12/01/44 |
6/25 at 100.00 |
AA– |
5,127,120 |
2,000 |
5.000%, 12/01/44 (UB) (8) |
6/25 at 100.00 |
AA– |
2,002,200 |
320 |
Prince George’s County Revenue Authority, Maryland, Special Obligation Bonds, |
1/26 at 100.00 |
N/R |
309,168 |
Suitland-Naylor Road Project, Series 2016, 5.000%, 7/01/46, 144A |
||||
4,500 |
Prince George’s County, Maryland, Certificates of Participation, University of Maryland |
10/28 at 100.00 |
AA+ |
4,598,775 |
Capital Region Medical Center, Series 2018, 5.000%, 10/01/43 (UB) (8) |
||||
3,000 |
Prince George’s County, Maryland, General Obligation Consolidated Public Improvement |
9/24 at 100.00 |
AAA |
3,018,870 |
Bonds, Series 2014A, 4.000%, 9/01/31 |
||||
1,050 |
Prince George’s County, Maryland, Revenue Bonds, Collington Episcopal Life Care |
4/27 at 100.00 |
N/R |
925,628 |
Community Inc., Series 2017, 5.250%, 4/01/37 |
||||
Prince George’s County, Maryland, Special Obligation Bonds, Westphalia Town Center |
||||
Project, Series 2018: |
||||
1,300 |
5.125%, 7/01/39, 144A |
7/28 at 100.00 |
N/R |
1,208,259 |
2,200 |
5.250%, 7/01/48, 144A |
7/28 at 100.00 |
N/R |
2,004,640 |
2,051 |
Prince George’s County, Maryland, Special Tax District Bonds, Victoria Falls Project, |
12/22 at 100.00 |
N/R |
2,051,759 |
Series 2005, 5.250%, 7/01/35 |
||||
1,340 |
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside |
11/24 at 103.00 |
B– |
1,217,980 |
King Farm Project, Refunding Series 2017, 5.000%, 11/01/35 |
||||
795 |
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside |
11/24 at 103.00 |
B– |
748,238 |
King Farm Project, Refunding Series 2017A-2, 5.000%, 11/01/31 |
||||
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside |
||||
King Farm Project, Series 2017A-1: |
||||
1,070 |
5.000%, 11/01/28 |
11/24 at 103.00 |
B– |
1,032,390 |
1,000 |
5.000%, 11/01/37 |
11/24 at 103.00 |
B– |
894,710 |
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Series 2017B: |
||||
500 |
5.000%, 11/01/42 |
11/24 at 103.00 |
B– |
429,205 |
1,000 |
5.000%, 11/01/47 |
11/24 at 103.00 |
B– |
829,780 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Maryland (continued) |
||||
Washington County County Commissioners, Maryland, Revenue Bonds, Diakon Lutheran Social |
||||
Ministries Project, Series 2019B: |
||||
$ 1,000 |
5.000%, 1/01/29 (ETM) |
No Opt. Call |
BBB+ (4) |
$ 1,081,340 |
500 |
5.000%, 1/01/32 (Pre-refunded 1/01/29) |
1/29 at 100.00 |
BBB+ (4) |
540,670 |
309,629 |
Total Maryland |
293,387,607 | ||
Massachusetts – 0.9% (0.5% of Total Investments) |
||||
650 |
Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare |
12/22 at 100.00 |
N/R |
240,500 |
Project, Series 2007A, 0.000%, 10/15/37, 144A (5) |
||||
815 |
Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare |
12/22 at 100.00 |
N/R |
301,550 |
Project, Series 2010, 0.000%, 10/15/37 (5) |
||||
Massachusetts Development Finance Agency, Revenue Bonds, Atrius Health Issue, |
||||
Series 2019A: |
||||
275 |
5.000%, 6/01/39 (Pre-refunded 6/01/29) |
6/29 at 100.00 |
BBB (4) |
301,128 |
270 |
4.000%, 6/01/49 (Pre-refunded 6/01/29) |
6/29 at 100.00 |
BBB (4) |
279,520 |
825 |
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, |
7/25 at 100.00 |
BBB |
786,934 |
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 |
AA– |
3,602,690 |
2016BB-1, 5.000%, 10/01/46 |
||||
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Tender |
||||
Option Bond Trust 2016-XG0070: |
||||
930 |
11.510%, 10/01/48, 144A (IF) (8) |
10/23 at 100.00 |
AA– |
951,734 |
505 |
11.563%, 10/01/48, 144A (IF) (8) |
10/23 at 100.00 |
AA– |
516,817 |
3,200 |
Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2015, |
1/25 at 100.00 |
Baa2 |
2,797,344 |
4.500%, 1/01/45 |
||||
1,220 |
Massachusetts Development Finance Agency, Revenue Bonds, Loomis Communities, Series |
1/23 at 100.00 |
BBB |
1,223,843 |
2013A, 5.125%, 1/01/25 |
||||
2,300 |
Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E, |
11/23 at 100.00 |
A |
2,305,037 |
5.000%, 11/01/43 |
||||
1,500 |
Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care, |
7/26 at 100.00 |
BBB+ |
1,238,775 |
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 |
1,123,623 |
1,280 |
5.000%, 9/01/45 |
9/25 at 100.00 |
BBB |
1,228,160 |
5,930 |
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior |
5/23 at 100.00 |
Aa2 (4) |
5,988,648 |
Series 2013A, 5.000%, 5/15/43 (Pre-refunded 5/15/23) |
||||
1,100 |
Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Senior |
No Opt. Call |
A2 |
1,053,096 |
Series 1997A, 0.000%, 1/01/24 – NPFG Insured |
||||
25,445 |
Total Massachusetts |
23,939,399 | ||
Michigan – 3.4% (2.0% of Total Investments) |
||||
6,525 |
Caledonia Community Schools, Kent, Allegan and Barry Counties, Michigan, General |
5/30 at 100.00 |
AA |
5,572,220 |
Obligation Bonds, School Building & Site Series 2020I, 4.000%, 5/01/50 |
||||
1,000 |
Eastern Michigan University, General Revenue Bonds, Series 2018A, 4.000%, 3/01/44 – |
3/28 at 100.00 |
A2 |
835,820 |
AGM Insured |
||||
7,615 |
Hudsonville Public Schools, Ottawa and Allegan Counties, Michigan, General Obligation |
5/30 at 100.00 |
AA |
6,354,108 |
Bonds, School Building & Site Series 2020-I, 4.000%, 5/01/49 |
||||
2,000 |
Lansing Board of Water and Light, Michigan, Utility System Revenue Bonds, Series 2019A, |
7/29 at 100.00 |
AA– |
2,039,760 |
5.000%, 7/01/48 |
||||
Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of |
||||
Wayne, Second Lien Refunding Series 2020: |
||||
1,000 |
4.000%, 11/01/50 |
11/30 at 100.00 |
Aa3 |
833,700 |
5,375 |
4.000%, 11/01/55 |
11/30 at 100.00 |
Aa3 |
4,533,759 |
20,005 |
4.000%, 11/01/55 |
11/30 at 100.00 |
Aa3 |
16,397,898 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Michigan (continued) |
||||
$ 5,000 |
Michigan Finance Authority, Hospital Revenue Bonds, McLaren Health Care, Refunding |
8/29 at 100.00 |
A1 |
$ 4,055,150 |
Series 2019A, 4.000%, 2/15/47 |
||||
405 |
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & |
7/24 at 100.00 |
A1 |
409,406 |
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 |
A1 |
2,727,472 |
Sewerage Department Water Supply System Local Project, Series 2014C-3, 5.000%, 7/01/32 – |
||||
AGM Insured |
||||
1,000 |
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & |
7/24 at 100.00 |
A2 |
1,011,520 |
Sewerage Department Water Supply System Local Project, Series 2014D-6, 5.000%, 7/01/36 – |
||||
NPFG Insured |
||||
3,000 |
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, |
12/31 at 100.00 |
AA– |
2,490,030 |
Refunding Series 2022A-MI, 4.000%, 12/01/47 |
||||
4,435 |
Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2006 Sold Tobacco |
12/30 at 100.00 |
BBB |
4,254,451 |
Receipts Senior Current Interest Series 2020A-2, 5.000%, 6/01/40 |
||||
5,000 |
Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit |
11/26 at 100.00 |
Aa2 |
4,038,650 |
Group, Refunding & Project Series 2010F-6, 4.000%, 11/15/47 |
||||
10,000 |
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series |
10/25 at 100.00 |
AA– |
10,347,300 |
2015-I, 5.000%, 4/15/34 (8) |
||||
1,000 |
Michigan State University, General Revenue Bonds, Refunding Series 2019C, |
8/29 at 100.00 |
AA |
894,930 |
4.000%, 2/15/44 |
||||
8,000 |
Michigan State, Trunk Line Fund Bonds, Rebuilding Michigan Program Series 2020B, |
11/30 at 100.00 |
Aa2 |
7,156,640 |
4.000%, 11/15/45 |
||||
8,225 |
Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation |
5/30 at 100.00 |
Aa1 |
8,407,513 |
Bonds, School Building & Site Series 2020, 5.000%, 5/01/50 |
||||
3,000 |
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne |
12/22 at 100.00 |
A– |
3,000,000 |
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– |
1,318,587 |
1,200 |
5.000%, 12/01/45 |
12/25 at 100.00 |
A– |
1,176,180 |
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– |
1,307,583 |
3,140 |
5.000%, 12/01/47 (AMT) |
12/27 at 100.00 |
A– |
2,977,850 |
1,120 |
Wayne State University, Michigan, General Revenue Bonds, Series 2018A, 5.000%, 11/15/36 |
11/25 at 100.00 |
A+ |
1,149,658 |
103,410 |
Total Michigan |
93,290,185 | ||
Minnesota – 2.7% (1.6% of Total Investments) |
||||
310 |
Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory |
8/26 at 100.00 |
BB+ |
251,007 |
Academy, Refunding Series 2016A, 4.000%, 8/01/36 |
||||
3,000 |
Brainerd Independent School District 181, Crow Wing County, Minnesota, General |
2/27 at 100.00 |
AAA |
2,793,810 |
Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/42 |
||||
150 |
Central Minnesota Municipal Power Agency, Revenue Bonds, Brookings – Southeast Twin |
1/30 at 100.00 |
A1 |
119,487 |
Cities Transmission Project, Refunding Series 2021, 3.000%, 1/01/38 – AGM Insured |
||||
750 |
City of Ham Lake, Minnesota, Charter School Lease Revenue Bonds, DaVinci Academy |
7/24 at 102.00 |
N/R |
641,175 |
Project,Series 2016A, 5.000%, 7/01/47 |
||||
500 |
Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project, |
7/25 at 100.00 |
BB+ |
412,325 |
Series 2016A, 4.000%, 7/01/37 |
||||
13,925 |
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, |
2/28 at 100.00 |
A– |
13,208,698 |
Essentia Health Obligated Group, Series 2018A, 5.000%, 2/15/53 |
||||
235 |
Independence, Minnesota, Charter School Lease Revenue Bonds, Paladin Career & Technical |
6/29 at 102.00 |
N/R |
169,583 |
High School Project, Series 2021A, 4.000%, 6/01/41 |
||||
3,010 |
Independent School District 621, Mounds View, Minnesota, General Obligation Bonds, |
2/27 at 100.00 |
AAA |
2,769,019 |
School Building Series 2018A, 4.000%, 2/01/42 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Minnesota (continued) |
||||
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, |
||||
Refunding Subordinate Lien Series 2019B: |
||||
$ 1,000 |
5.000%, 1/01/32 (AMT) |
7/29 at 100.00 |
A+ |
$ 1,019,180 |
1,235 |
5.000%, 1/01/39 (AMT) |
7/29 at 100.00 |
A |
1,202,260 |
7,500 |
5.000%, 1/01/49 (AMT) |
7/29 at 100.00 |
A |
7,144,950 |
2,295 |
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, |
1/27 at 100.00 |
A+ |
2,322,976 |
Senior Lien Series 2016C, 5.000%, 1/01/41 |
||||
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 |
475,941 |
450 |
5.000%, 1/01/35 (AMT) |
1/27 at 100.00 |
A |
448,015 |
580 |
5.000%, 1/01/37 (AMT) |
1/27 at 100.00 |
A |
569,212 |
750 |
5.000%, 1/01/41 (AMT) |
1/27 at 100.00 |
A |
729,645 |
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 |
1,364,472 |
1,700 |
4.000%, 3/01/47 |
3/27 at 100.00 |
Aa2 |
1,502,579 |
2,150 |
Minnesota Higher Education Facilities Authority, Revenue Bonds, Macalester College, |
3/27 at 100.00 |
Aa3 |
1,859,815 |
Refunding Series 2017, 4.000%, 3/01/48 |
||||
270 |
Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, |
8/31 at 100.00 |
AA+ |
219,702 |
Series 2021A, 3.000%, 8/01/36 |
||||
770 |
Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, |
8/31 at 100.00 |
AA+ |
625,340 |
Series 2021B, 3.000%, 8/01/36 |
||||
2,910 |
Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, |
8/32 at 100.00 |
Aa1 |
3,018,310 |
Series 2022A, 5.000%, 8/01/41 |
||||
910 |
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2018A, |
5/28 at 100.00 |
AA |
785,121 |
4.000%, 11/15/48 |
||||
5,000 |
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2022, |
11/32 at 100.00 |
AA |
5,105,100 |
5.000%, 11/15/57 |
||||
1,520 |
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue |
12/24 at 100.00 |
BBB– |
1,410,636 |
Bonds, Community of Peace Academy Project, Refunding Series 2015A, 5.000%, 12/01/50 |
||||
4,280 |
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue |
9/30 at 100.00 |
BB+ |
3,533,140 |
Bonds, Hmong College Prep Academy Project, Refunding Series 2020A, 5.000%, 9/01/55 |
||||
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+ |
2,140,658 |
5,000 |
5.750%, 9/01/46 |
9/26 at 100.00 |
BB+ |
4,764,300 |
Saint Paul Housing and Redevelopment Authority Minnesota, Senior Housing and Health Care |
||||
Revenue Bonds, Episcopal Homes Project, Series 2013: |
||||
2,000 |
5.000%, 5/01/33 |
5/23 at 100.00 |
N/R |
1,808,200 |
1,000 |
5.125%, 5/01/48 |
5/23 at 100.00 |
N/R |
817,080 |
2,245 |
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds, |
11/27 at 100.00 |
A3 |
2,204,994 |
Fairview Health Services, Series 2017A, 5.000%, 11/15/47 |
||||
750 |
St. Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, |
11/25 at 100.00 |
N/R (4) |
782,070 |
HealthEast Inc., Series 2015A, 5.000%, 11/15/29 (Pre-refunded 11/15/25) |
||||
2,000 |
Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, |
8/24 at 102.00 |
N/R |
1,763,620 |
Refunding Series 2019, 5.000%, 8/01/54 |
||||
3,855 |
West Saint Paul-Mendota Heights-Eagan Independent School District 197, Dakota County, |
2/27 at 100.00 |
AAA |
3,598,103 |
Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/41 |
||||
2,000 |
Western Minnesota Municipal Power Agency, Minnesota, Power Supply Revenue Bonds, Series |
1/24 at 100.00 |
Aa3 (4) |
2,040,760 |
2014A, 5.000%, 1/01/46 (Pre-refunded 1/01/24) |
||||
78,185 |
Total Minnesota |
73,621,283 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
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+ |
$ 7,334,550 |
15,500 |
5.000%, 9/01/46 |
9/26 at 100.00 |
BBB+ |
13,969,840 |
23,000 |
Total Mississippi |
21,304,390 | ||
Missouri – 5.5% (3.2% of Total Investments) |
||||
1,000 |
Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding Series |
8/26 at 100.00 |
Ba1 |
1,005,630 |
2016, 5.000%, 8/01/28 |
||||
2,010 |
Bridgeton Industrial Development Authority, Missouri, Senior Housing Revenue Bonds, The |
5/25 at 100.00 |
N/R |
1,648,260 |
Sarah Community Project, Refunding Series 2016, 3.625%, 5/01/30 |
||||
500 |
Curators of the University of Missouri, System Facilities Revenue Bonds, Series 2014A, |
11/24 at 100.00 |
AA+ |
489,675 |
4.000%, 11/01/33 |
||||
3,000 |
Kansas City Industrial Development Authority, Missouri, Airport Special Obligation |
3/29 at 100.00 |
A– |
2,877,450 |
Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019A, |
||||
5.000%, 3/01/44 (AMT) |
||||
Kansas City Industrial Development Authority, Missouri, Airport Special Obligation |
||||
Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019B: |
||||
23,675 |
5.000%, 3/01/46 (AMT) |
3/29 at 100.00 |
A– |
22,633,300 |
4,525 |
5.000%, 3/01/54 (AMT) |
3/29 at 100.00 |
A– |
4,236,984 |
400 |
Kansas City Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Ward |
4/26 at 100.00 |
N/R |
325,016 |
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, |
||||
Improvement Series 2004B-1: |
||||
7,000 |
0.000%, 4/15/27 – AMBAC Insured |
No Opt. Call |
A2 |
5,933,270 |
5,000 |
0.000%, 4/15/28 – AMBAC Insured |
No Opt. Call |
A2 |
4,079,600 |
5,000 |
0.000%, 4/15/29 – AMBAC Insured |
No Opt. Call |
A2 |
3,925,450 |
4,470 |
Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Improvement Series 2018A, |
1/28 at 100.00 |
AA |
4,137,030 |
4.000%, 1/01/42 |
||||
1,000 |
Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union |
6/27 at 102.00 |
A |
838,390 |
Electric Company Project, Series 1998C, 2.750%, 9/01/33 |
||||
1,000 |
Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds, |
5/26 at 100.00 |
A+ |
1,017,640 |
Saint Luke’s Health System, Inc., Series 2016, 5.000%, 11/15/34 |
||||
1,000 |
Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds, |
11/30 at 100.00 |
A+ |
829,160 |
Saint Luke’s Health System, Inc., Series 2020, 4.000%, 11/15/50 |
||||
3,080 |
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue |
5/23 at 100.00 |
BBB |
3,113,572 |
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+ |
1,268,618 |
Bonds, University of Central Missouri, Series 2013C-2, 5.000%, 10/01/34 |
||||
11,010 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
7/31 at 100.00 |
AA |
9,070,589 |
BJC Health System, Series 2021A, 4.000%, 7/01/46 |
||||
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 |
1,050,183 |
11,090 |
5.000%, 11/15/48 |
11/23 at 100.00 |
A2 |
11,137,133 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
||||
Mercy Health, Series 2017C: |
||||
2,000 |
5.000%, 11/15/42 |
11/27 at 100.00 |
A+ |
1,983,760 |
10,000 |
4.000%, 11/15/47 |
11/27 at 100.00 |
A+ |
8,328,400 |
6,265 |
5.000%, 11/15/47 |
11/27 at 100.00 |
A+ |
6,075,985 |
18,750 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
6/30 at 100.00 |
A+ |
15,172,312 |
Mercy Health, Series 2020, 4.000%, 6/01/53 |
||||
1,800 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
2/29 at 100.00 |
A1 |
1,532,574 |
Mosaic Health System, Series 2019A, 4.000%, 2/15/44 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Missouri (continued) |
||||
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+ |
$ 1,679,780 |
3,500 |
5.000%, 6/01/48 |
6/28 at 100.00 |
A+ |
3,382,960 |
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+ |
1,078,625 |
16,690 |
4.000%, 5/15/48 |
5/25 at 102.00 |
A+ |
13,809,139 |
7,925 |
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior |
2/26 at 100.00 |
BBB |
7,092,637 |
Services Projects, Series 2016A, 5.000%, 2/01/46 |
||||
3,370 |
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior |
2/26 at 100.00 |
BBB |
3,016,049 |
Services Projects, Series 2016B, 5.000%, 2/01/46 |
||||
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 |
672,394 |
3,510 |
5.000%, 10/01/47 |
4/27 at 100.00 |
A1 |
3,584,026 |
2,000 |
Missouri Joint Municipal Electric Utility Commission, Power Supply System Revenue Bonds, |
6/27 at 100.00 |
A2 |
2,006,280 |
MoPEP Facilities, Series 2018, 5.000%, 12/01/43 |
||||
1,000 |
North Central Missouri Regional Water Commission, Waterworks System Revenue Bonds, |
12/22 at 100.00 |
N/R |
952,460 |
Series 2006, 5.000%, 1/01/37 |
||||
375 |
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship |
9/23 at 100.00 |
BB+ |
363,795 |
Village of Sunset Hills, Series 2013A, 5.875%, 9/01/43 |
||||
1,000 |
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship |
9/25 at 103.00 |
BB+ |
818,180 |
Village Saint Louis Obligated Group, Series 2018A, 5.125%, 9/01/48 |
||||
169,225 |
Total Missouri |
151,166,306 | ||
Montana – 0.2% (0.1% of Total Investments) |
||||
2,090 |
Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell |
7/28 at 100.00 |
BBB |
2,011,312 |
Regional Medical Center, Series 2018B, 5.000%, 7/01/43 |
||||
3,315 |
Montana Facility Finance Authority, Montana, Health Facilities Revenue Bonds, Bozeman |
6/28 at 100.00 |
A |
3,204,146 |
Deaconess Health Services Obligated Group, Series 2018, 5.000%, 6/01/48 |
||||
5,405 |
Total Montana |
5,215,458 | ||
Nebraska – 0.2% (0.1% of Total Investments) |
||||
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, |
||||
Children’s Hospital Obligated Group, Refunding Series 2020A: |
||||
1,625 |
4.000%, 11/15/40 |
11/30 at 100.00 |
A1 |
1,425,336 |
1,000 |
4.000%, 11/15/50 |
11/30 at 100.00 |
A1 |
822,190 |
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 |
1,511,198 |
1,000 |
5.000%, 11/01/45 |
11/25 at 100.00 |
A |
973,660 |
5,260 |
Total Nebraska |
4,732,384 | ||
Nevada – 1.0% (0.6% of Total Investments) |
||||
8,835 |
Las Vegas Convention and Visitors Authority, Nevada, Convention Center Expansion Revenue |
7/28 at 100.00 |
A |
8,955,509 |
Bonds, Series 2018B, 5.000%, 7/01/43 |
||||
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 |
9,266,940 |
5,000 |
5.000%, 6/01/39 |
12/24 at 100.00 |
AA |
5,102,950 |
Nevada System of Higher Education, Community College Revenue Bonds, Series 2017: |
||||
2,400 |
4.000%, 7/01/41 |
7/27 at 100.00 |
AA– |
2,164,488 |
2,000 |
4.000%, 7/01/47 |
7/27 at 100.00 |
AA– |
1,705,520 |
27,235 |
Total Nevada |
27,195,407 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
New Hampshire – 0.6% (0.3% of Total Investments) |
||||
$ 5,000 |
National Finance Authority, New Hampshire, Hospital Facilities Revenue Bonds, Saint |
5/31 at 100.00 |
AA |
$ 4,184,900 |
Elizabeth Medical Center, Inc., Series 2021A, 4.000%, 5/01/51 |
||||
3,500 |
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Catholic Medical |
12/22 at 100.00 |
Baa3 |
3,208,660 |
Center, Series 2012, 4.000%, 7/01/32 |
||||
4,000 |
New Hampshire Health and Education Facilities Authority, Revenue Bonds, |
2/28 at 100.00 |
A |
4,024,400 |
Dartmouth-Hitchcock Obligated Group, Series 2018A, 5.000%, 8/01/35 |
||||
5,000 |
New Hampshire Health and Education Facilities Authority, Revenue Bonds, |
No Opt. Call |
A |
4,663,300 |
Dartmouth-Hitchcock Obligated Group, Series 2020A, 5.000%, 8/01/59 |
||||
17,500 |
Total New Hampshire |
16,081,260 | ||
New Jersey – 5.3% (3.1% of Total Investments) |
||||
905 |
Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue |
2/23 at 100.00 |
BBB+ |
907,335 |
Bonds, Cooper Health System Obligated Group Issue, Series 2013A, 5.750%, 2/15/42 |
||||
5,000 |
New Jersey Economic Development Authority, New Jersey, Transit Transportation Project |
11/29 at 100.00 |
BBB |
4,912,250 |
Revenue Bonds, Series 2020A, 5.000%, 11/01/40 |
||||
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+ |
1,954,448 |
1,865 |
5.125%, 1/01/39 – AGM Insured (AMT) |
1/24 at 100.00 |
BBB+ |
1,808,062 |
1,585 |
5.125%, 7/01/42 – AGM Insured (AMT) |
1/24 at 100.00 |
BBB+ |
1,512,153 |
6,030 |
New Jersey Economic Development Authority, Revenue Bonds, New Jersey Transit Corporation |
No Opt. Call |
BBB |
6,210,297 |
Projects Sublease, Refunding Series 2017B, 5.000%, 11/01/25 |
||||
2,000 |
New Jersey Economic Development Authority, School Facilities Construction Bonds, |
12/26 at 100.00 |
BBB (4) |
2,170,400 |
Refunding Series 2016BBB, 5.500%, 6/15/31 (Pre-refunded 12/15/26) |
||||
6,770 |
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series |
No Opt. Call |
BBB |
7,238,010 |
2005N-1, 5.500%, 9/01/27 – NPFG Insured |
||||
2,825 |
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series |
6/24 at 100.00 |
BBB (4) |
2,901,473 |
2014UU, 5.000%, 6/15/30 (Pre-refunded 6/15/24) |
||||
2,410 |
New Jersey Economic Development Authority, School Facilities Construction Bonds, Social |
12/30 at 100.00 |
BBB |
1,928,241 |
Series 2021QQQ, 4.000%, 6/15/50 |
||||
8,415 |
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas |
7/26 at 100.00 |
AA– |
8,338,003 |
Health Obligated Group, Refunding Series 2016A, 5.000%, 7/01/43 |
||||
5,275 |
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas |
7/31 at 100.00 |
Aa3 |
4,316,480 |
Health Obligated Group, Series 2021A, 4.000%, 7/01/51 |
||||
1,235 |
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University |
7/25 at 100.00 |
BB– |
1,189,910 |
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: |
||||
2,020 |
5.000%, 6/15/28 |
6/26 at 100.00 |
Baa1 |
2,082,579 |
3,340 |
5.000%, 6/15/29 |
6/26 at 100.00 |
Baa1 |
3,436,827 |
1,000 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital |
No Opt. Call |
BBB |
840,520 |
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 |
16,173,062 |
10,000 |
0.000%, 12/15/32 – AGM Insured |
No Opt. Call |
BBB+ |
6,190,400 |
20,000 |
0.000%, 12/15/33 – AGM Insured |
No Opt. Call |
BBB+ |
11,649,600 |
25,000 |
0.000%, 12/15/35 – AMBAC Insured |
No Opt. Call |
BBB |
12,836,500 |
30,000 |
0.000%, 12/15/36 – AMBAC Insured |
No Opt. Call |
BBB |
14,563,500 |
2,000 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series |
No Opt. Call |
BBB |
1,227,120 |
2009A, 0.000%, 12/15/32 |
||||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, |
||||
Series 2015AA: |
||||
1,690 |
5.250%, 6/15/33 |
6/25 at 100.00 |
BBB |
1,714,201 |
2,840 |
5.000%, 6/15/45 |
6/25 at 100.00 |
BBB |
2,729,183 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
New Jersey (continued) |
||||
$ 2,800 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series |
12/28 at 100.00 |
BBB |
$ 2,798,628 |
2018A, 5.000%, 12/15/36 |
||||
665 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series |
12/29 at 100.00 |
BBB |
576,083 |
2019A, 4.000%, 12/15/39 |
||||
8,375 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series |
12/30 at 100.00 |
BBB |
6,886,092 |
2020AA, 4.000%, 6/15/45 |
||||
2,460 |
New Jersey Turnpike Authority, Revenue Bonds, Series 2017B, 4.000%, 1/01/34 |
1/28 at 100.00 |
A2 |
2,406,864 |
5,250 |
New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2022B, 5.250%, 1/01/52 |
1/33 at 100.00 |
N/R |
5,466,090 |
(UB) (WI/DD, Settling 11/03/22) |
||||
570 |
Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L, 5.000%, |
5/23 at 100.00 |
A+ (4) |
575,238 |
5/01/43 (Pre-refunded 5/01/23) |
||||
3,905 |
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, |
11/30 at 100.00 |
Baa2 |
3,766,607 |
Series 2020A, 5.000%, 11/01/45 |
||||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed |
||||
Bonds, Series 2018A: |
||||
3,215 |
5.000%, 6/01/36 |
6/28 at 100.00 |
A– |
3,244,964 |
1,405 |
5.000%, 6/01/46 |
6/28 at 100.00 |
BBB+ |
1,352,228 |
1,380 |
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed |
6/28 at 100.00 |
BB+ |
1,268,855 |
Bonds, Series 2018B, 5.000%, 6/01/46 |
||||
195,315 |
Total New Jersey |
147,172,203 | ||
New Mexico – 0.7% (0.4% of Total Investments) |
||||
3,370 |
New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian |
11/27 at 100.00 |
Aa3 |
3,399,420 |
Healthcare Services, Series 2017A, 5.000%, 8/01/46 |
||||
New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian |
||||
Healthcare Services, Series 2019A: |
||||
1,575 |
5.000%, 8/01/44 |
8/29 at 100.00 |
Aa3 |
1,588,151 |
12,360 |
4.000%, 8/01/48 |
8/29 at 100.00 |
Aa3 |
10,406,502 |
3,455 |
Santa Fe County, New Mexico, Correctional System Gross Receipts Tax Revenue Bonds, |
No Opt. Call |
A2 |
3,629,547 |
Series 1997, 6.000%, 2/01/27 – AGM Insured |
||||
20,760 |
Total New Mexico |
19,023,620 | ||
New York – 9.9% (5.8% of Total Investments) |
||||
6,600 |
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue |
No Opt. Call |
Ba1 |
1,664,190 |
Bonds, Barclays Center Project, Series 2009, 0.000%, 7/15/44 |
||||
490 |
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue |
7/25 at 100.00 |
BBB |
444,425 |
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– |
3,132,625 |
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– |
1,467,950 |
3,195 |
5.000%, 5/01/43 |
5/25 at 100.00 |
A– |
3,098,767 |
600 |
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical |
6/27 at 100.00 |
BBB– |
577,524 |
Center Obligated Group, Series 2017, 5.000%, 12/01/34, 144A |
||||
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, |
||||
General Purpose, Series 2019A. Bidding Group 1,2,3,4: |
||||
4,000 |
5.000%, 3/15/44 |
3/29 at 100.00 |
Aa1 |
4,091,240 |
16,670 |
5.000%, 3/15/45 |
3/29 at 100.00 |
Aa2 |
16,998,899 |
20,000 |
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, |
2/30 at 100.00 |
Aa2 |
17,161,400 |
General Purpose, Series 2019D, 4.000%, 2/15/47 |
||||
5,000 |
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, |
No Opt. Call |
BBB+ |
5,175,400 |
Series 2005, 5.250%, 10/01/35 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
New York (continued) |
||||
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 |
A2 |
$ 1,076,229 |
3,000 |
5.000%, 9/01/39 |
9/24 at 100.00 |
A |
3,045,990 |
860 |
5.000%, 9/01/44 |
9/24 at 100.00 |
A |
873,029 |
5,000 |
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series |
9/28 at 100.00 |
A |
5,174,250 |
2018, 5.000%, 9/01/37 |
||||
10,000 |
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding |
No Opt. Call |
AA |
6,404,100 |
Series 2012A, 0.000%, 11/15/32 |
||||
5,000 |
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series |
5/23 at 100.00 |
BBB+ |
4,830,400 |
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 |
0.000%, 10/01/37 (5) |
12/22 at 100.00 |
N/R |
400,000 |
1,000 |
0.000%, 10/01/46 (5) |
12/22 at 100.00 |
N/R |
800,000 |
5,900 |
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second |
6/23 at 100.00 |
AA+ |
5,933,807 |
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 |
6/30 at 100.00 |
AA+ |
4,451,300 |
General Resolution Revenue Bonds, Fiscal 2020 Series EE, 4.000%, 6/15/42 |
||||
5,000 |
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, |
5/23 at 100.00 |
Aa1 |
5,031,150 |
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 |
2,031,940 |
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 |
3,811,136 |
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 |
5,088,200 |
Subordinate Fiscal 2018 Series C-3, 5.000%, 5/01/41 |
||||
20,000 |
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, |
5/29 at 100.00 |
Aa1 |
17,710,600 |
Subordinate Fiscal 2019 Subseries C-1, 4.000%, 11/01/42 |
||||
9,530 |
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, |
8/31 at 100.00 |
Aa1 |
8,234,301 |
Subordinate Fiscal 2022 Subseries B-1, 4.000%, 8/01/45 |
||||
5,260 |
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, |
2/32 at 100.00 |
Aa1 |
5,343,424 |
Subordinate Fiscal 2022 Subseries C-1, 5.000%, 2/01/51 |
||||
2,060 |
New York City, New York, General Obligation Bonds, Fiscal 2017 Series B-1, |
12/26 at 100.00 |
AA– |
2,097,822 |
5.000%, 12/01/41 |
||||
11,000 |
New York City, New York, General Obligation Bonds, Fiscal 2020 Series A-1, |
8/29 at 100.00 |
AA– |
9,655,470 |
4.000%, 8/01/42 |
||||
2,040 |
New York City, New York, General Obligation Bonds, Fiscal 2021 Series C, 4.000%, 8/01/40 |
8/30 at 100.00 |
AA– |
1,828,554 |
New York City, New York, General Obligation Bonds, Fiscal 2021 Series F-1: |
||||
2,000 |
5.000%, 3/01/44 |
3/31 at 100.00 |
AA– |
2,051,640 |
3,000 |
5.000%, 3/01/50 |
3/31 at 100.00 |
AA– |
3,053,790 |
5 |
New York City, New York, General Obligation Bonds, Fiscal Series 2005M, 5.000%, 4/01/24 |
12/22 at 100.00 |
AA– |
5,007 |
2,000 |
New York Convention Center Development Corporation, New York, Revenue Bonds, Hotel Unit |
11/25 at 100.00 |
A2 |
1,973,680 |
Fee Secured, Refunding Series 2015, 5.000%, 11/15/45 |
||||
240 |
New York Counties Tobacco Trust I, Tobacco Settlement Pass-Through Bonds, Series 2000B, |
12/22 at 100.00 |
Baa1 |
240,002 |
6.500%, 6/01/35 |
||||
1,235 |
New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, |
No Opt. Call |
BBB |
1,244,127 |
Series Series 2016A-1, 5.625%, 6/01/35 |
||||
25,170 |
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade |
11/24 at 100.00 |
N/R |
22,114,362 |
Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A |
||||
3,665 |
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series |
3/31 at 100.00 |
AA+ |
3,111,915 |
2021A-1, 4.000%, 3/15/47 |
||||
19,000 |
New York State Urban Development Corporation, State Sales Tax Revenue Bonds, Empire |
9/31 at 100.00 |
AA+ |
16,394,910 |
Series 2021A, 4.000%, 3/15/47 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
New York (continued) |
||||
New York Transportation Development Corporation, New York, 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 |
$ 1,794,260 |
19,700 |
5.000%, 7/01/46 (AMT) |
7/24 at 100.00 |
Baa3 |
18,011,513 |
23,490 |
5.250%, 1/01/50 (AMT) |
7/24 at 100.00 |
Baa3 |
22,079,660 |
New York Transportation Development Corporation, New York, Special Facility Revenue |
||||
Bonds, American Airlines, Inc. John F Kennedy International Airport Project, Refunding |
||||
Series 2016: |
||||
145 |
5.000%, 8/01/26 (AMT) |
11/22 at 100.00 |
B– |
144,451 |
5,940 |
5.000%, 8/01/31 (AMT) |
11/22 at 100.00 |
B– |
5,836,406 |
3,805 |
New York Transportation Development Corporation, New York, Special Facility Revenue |
8/30 at 100.00 |
B– |
3,778,023 |
Bonds, American Airlines, Inc. John F Kennedy International Airport Project, Series 2020, |
||||
5.250%, 8/01/31 (AMT) |
||||
2,700 |
New York Transportation Development Corporation, New York, Special Facility Revenue |
12/32 at 100.00 |
BBB |
2,545,182 |
Bonds, Terminal 4 John F Kennedy International Airport Project, Series 2022, 5.000%, |
||||
12/01/37 (AMT) |
||||
3,050 |
New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta |
1/28 at 100.00 |
BB+ |
2,972,103 |
Air Lines, Inc. – LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018, 5.000%, |
||||
1/01/33 (AMT) |
||||
1,310 |
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred |
12/23 at 100.00 |
A+ |
1,318,921 |
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 |
A+ |
4,377,197 |
Seventy Ninth Series 2013, 5.000%, 12/01/38 |
||||
5,000 |
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred |
9/28 at 100.00 |
A+ |
5,083,450 |
Eleventh Series 2018, 5.000%, 9/01/48 |
||||
2,000 |
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred |
7/30 at 100.00 |
A+ |
1,621,120 |
Twenty-One Series 2020, 4.000%, 7/15/50 (AMT) |
||||
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 |
CC |
2,355,800 |
2,700 |
5.000%, 1/01/34 (AMT) |
1/26 at 100.00 |
CC |
1,960,065 |
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006: |
||||
1,250 |
5.000%, 6/01/45 |
6/27 at 100.00 |
CCC+ |
1,088,075 |
2,850 |
5.000%, 6/01/48 |
6/27 at 100.00 |
N/R |
2,437,234 |
303,835 |
Total New York |
275,227,015 | ||
North Carolina – 1.8% (1.1% of Total Investments) |
||||
12,250 |
Fayetteville State University, North Carolina, General Revenue Bonds, Series 2013A, |
4/23 at 100.00 |
BBB+ |
12,337,465 |
5.125%, 4/01/43 |
||||
2,500 |
Greater Asheville Regional Airport Authority, North Carolina, Airport System Revenue |
7/32 at 100.00 |
A1 |
2,539,675 |
Bonds, Series 2022A, 5.500%, 7/01/47 – AGM Insured (AMT) |
||||
5,730 |
North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot |
6/25 at 100.00 |
BBB– |
5,164,564 |
Lanes Project, Series 2015, 5.000%, 6/30/54 (AMT) |
||||
11,145 |
North Carolina Medial Care Commission, Health Care Facilities Revenue Bonds, Rex |
1/30 at 100.00 |
A2 |
9,254,808 |
Healthcare, Series 2020A, 4.000%, 7/01/49 |
||||
1,570 |
North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue |
10/24 at 102.00 |
N/R |
1,491,830 |
Bonds, Southminster Project, Refunding Series 2016, 5.000%, 10/01/31 |
||||
9,245 |
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant |
11/29 at 100.00 |
AA– |
7,867,125 |
Health Obligated Group, Series 2019A, 4.000%, 11/01/49 |
||||
500 |
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding |
1/26 at 100.00 |
A |
516,785 |
Series 2015A, 5.000%, 1/01/32 |
||||
11,480 |
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien |
1/30 at 100.00 |
BBB |
10,617,163 |
Series 2019, 5.000%, 1/01/49 |
||||
54,420 |
Total North Carolina |
49,789,415 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
North Dakota – 0.2% (0.1% of Total Investments) |
||||
$ 5,000 |
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System |
12/27 at 100.00 |
BBB– |
$ 3,807,850 |
Obligated Group, Series 2017A, 4.000%, 12/01/47 |
||||
700 |
Grand Forks, North Dakota, Senior Housing & Nursing Facilities Revenue Bonds, Valley |
12/26 at 100.00 |
N/R |
604,632 |
Homes and Services Obligated Group, Series 2017, 5.000%, 12/01/36 |
||||
2,000 |
University of North Dakota, Certificates of Participation, Housing Infrastructure |
6/30 at 100.00 |
A1 |
1,674,880 |
Project, Series 2021A, 4.000%, 6/01/46 – AGM Insured |
||||
7,700 |
Total North Dakota |
6,087,362 | ||
Ohio – 5.5% (3.2% of Total Investments) |
||||
6,250 |
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities |
11/26 at 100.00 |
BBB+ |
5,946,000 |
Revenue 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 |
A+ |
5,571,000 |
4.000%, 8/01/36 |
||||
1,340 |
Bowling Green State University, Ohio, General Receipts Bonds, Series 2017B, |
6/27 at 100.00 |
A+ |
1,369,199 |
5.000%, 6/01/45 |
||||
24,740 |
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed |
6/30 at 22.36 |
N/R |
2,472,763 |
Revenue Bonds, Refunding Senior Lien Capital Appreciation Series 2020B-3 Class 2, |
||||
0.000%, 6/01/57 |
||||
1,580 |
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed |
6/30 at 100.00 |
BBB+ |
1,252,845 |
Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 4.000%, 6/01/48 |
||||
40,410 |
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed |
6/30 at 100.00 |
N/R |
34,059,973 |
Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55 |
||||
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Refunding |
||||
Series 2017: |
||||
3,960 |
4.000%, 11/15/34 |
11/27 at 100.00 |
A3 |
3,642,210 |
3,000 |
4.000%, 11/15/35 |
11/27 at 100.00 |
A3 |
2,754,540 |
Cleveland-Cuyahoga County Port Authority, Ohio, Cultural Facility Revenue Bonds, The |
||||
Cleveland Museum of Natural History Project, Series 2021: |
||||
205 |
4.000%, 7/01/40 |
7/31 at 100.00 |
A3 |
181,794 |
300 |
4.000%, 7/01/41 |
7/31 at 100.00 |
A3 |
264,417 |
2,000 |
Columbus-Franklin County Finance Authority, Ohio, Tax Increment Financing Revenue Bonds, |
6/29 at 100.00 |
N/R |
1,804,720 |
Bridge Park D Block Project, Series 2019A-1, 5.000%, 12/01/51 |
||||
4,795 |
Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center |
6/23 at 100.00 |
Ba2 |
4,235,471 |
Project, Series 2013, 5.000%, 6/15/43 |
||||
8,000 |
Hamilton County, Ohio, Hospital Facilities Revenue Bonds, TriHealth, Inc. Obligated |
8/27 at 100.00 |
A+ |
7,817,760 |
Group Project, Series 2017A, 5.000%, 8/15/42 |
||||
16,820 |
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien |
1/23 at 100.00 |
Aa3 (4) |
16,871,133 |
Series 2013A, 5.000%, 1/01/38 (Pre-refunded 1/01/23) (UB) (8) |
||||
1,000 |
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien |
1/23 at 100.00 |
Aa3 (4) |
1,003,040 |
Series 2013A, 5.000%, 1/01/38 (Pre-refunded 1/01/23) |
||||
JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds, |
||||
Tender Option Bond Trust 2016-XG0052: |
||||
265 |
11.637%, 1/01/38 (Pre-refunded 1/01/23), 144A (IF) (8) |
1/23 at 100.00 |
Aa3 (4) |
268,191 |
1,315 |
11.722%, 1/01/38 (Pre-refunded 1/01/23), 144A (IF) (8) |
1/23 at 100.00 |
Aa3 (4) |
1,330,990 |
625 |
11.722%, 1/01/38 (Pre-refunded 1/01/23), 144A (IF) (8) |
1/23 at 100.00 |
Aa3 (4) |
632,600 |
975 |
11.722%, 1/01/38 (Pre-refunded 1/01/23), 144A (IF) (8) |
1/23 at 100.00 |
Aa3 (4) |
986,856 |
8,360 |
Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc., |
8/25 at 100.00 |
Baa1 (4) |
8,689,969 |
Refunding Series 2015, 5.000%, 8/15/45 (Pre-refunded 8/15/25) |
||||
2,000 |
Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System |
2/23 at 100.00 |
Ba2 |
1,893,640 |
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 |
2,593,770 |
FirstEnergy Generation Corporation Project, Refunding Series 2009D, 3.375%, 8/01/29 |
||||
(Mandatory Put 9/15/21) |
||||
4,350 |
Ohio Higher Educational Facility Commission, Revenue Bonds, University of Dayton, Series |
6/25 at 100.00 |
A2 |
4,410,509 |
2015A, 5.000%, 12/01/44 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Ohio (continued) |
||||
$ 3,710 |
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and Infrastructure Commission |
2/31 at 100.00 |
A+ |
$ 4,011,883 |
Infrastructure Projects, Junior Lien, Capital Appreciation Series 2013A-3, 0.000%, 2/15/36 (7) |
||||
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and Infrastructure Commission |
||||
Infrastructure Projects, Junior Lien, Current Interest Series 2013A-1: |
||||
1,500 |
5.250%, 2/15/39 (Pre-refunded 2/15/23) |
2/23 at 100.00 |
A+ (4) |
1,509,000 |
10,530 |
5.000%, 2/15/48 (Pre-refunded 2/15/23) |
2/23 at 100.00 |
A+ (4) |
10,585,809 |
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and Infrastructure Commission, |
||||
Infrastructure Projects, Junior Lien Series 2018A: |
||||
3,375 |
4.000%, 2/15/38 |
2/28 at 100.00 |
A+ |
3,135,780 |
16,325 |
5.000%, 2/15/43 |
2/28 at 100.00 |
N/R |
16,865,847 |
5,450 |
Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy |
No Opt. Call |
N/R |
5,038,470 |
Nuclear Generating Corporation Project, Series 2009A, 4.750%, 6/01/33 (Mandatory Put 6/01/22) |
||||
725 |
Warren County, Ohio, Healthcare Facilities Revenue Bonds, Otterbein Homes Obligated |
7/29 at 100.00 |
A |
605,875 |
Group, Refunding Series 2019A, 4.000%, 7/01/45 |
||||
182,905 |
Total Ohio |
151,806,054 | ||
Oklahoma – 0.4% (0.2% of Total Investments) |
||||
1,800 |
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine |
8/32 at 100.00 |
N/R |
1,593,216 |
Project, Taxable Series 2022, 5.500%, 8/15/41 |
||||
3,000 |
Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Series 2013A, |
6/23 at 100.00 |
Baa1 (4) |
3,038,310 |
5.625%, 6/01/43 (Pre-refunded 6/01/23) (AMT) |
||||
4,985 |
Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Series 2015A, |
6/24 at 100.00 |
Baa1 (4) |
5,089,785 |
5.000%, 6/01/45 (Pre-refunded 6/01/24) – BAM Insured (AMT) |
||||
1,000 |
Tulsa County Industrial Authority, Oklahoma, Senior Living Community Revenue Bonds, |
11/25 at 102.00 |
BBB– |
987,700 |
Montereau, Inc Project, Refunding Series 2017, 5.250%, 11/15/37 |
||||
10,785 |
Total Oklahoma |
10,709,011 | ||
Oregon – 3.2% (1.9% of Total Investments) |
||||
2,435 |
Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General |
6/27 at 100.00 |
AA+ |
2,550,200 |
Obligation Bonds, Convertible Deferred Interest Series 2017D, 5.000%, 6/15/36 |
||||
725 |
Clackamas County Hospital Facility Authority, Oregon, Revenue Bonds, Rose Villa Inc., |
11/25 at 102.00 |
N/R |
612,023 |
Series 2020A, 5.250%, 11/15/50 |
||||
4,875 |
Deschutes County Hospital Facility Authority, Oregon, Hospital Revenue Bonds, Saint |
1/26 at 100.00 |
A2 |
4,713,150 |
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+ |
15,102,019 |
5.000%, 6/01/46 |
||||
2,410 |
Oregon Facilities Authority, Revenue Bonds, Legacy Health Project, Series 2022A, |
6/32 at 100.00 |
A+ |
2,332,519 |
5.000%, 6/01/52 |
||||
3,085 |
Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services Project, Refunding |
10/30 at 100.00 |
BBB+ |
2,961,137 |
Series 2020A, 5.000%, 10/01/40 |
||||
1,500 |
Oregon Health and Science University, Revenue Bonds, Refunding Series 2016B, |
7/26 at 100.00 |
AA– |
1,545,705 |
5.000%, 7/01/39 |
||||
Port of Portland, Oregon, International Airport Revenue Bonds, Series 2017-24B: |
||||
3,255 |
5.000%, 7/01/35 (AMT) |
1/27 at 100.00 |
AA– |
3,264,114 |
1,000 |
5.000%, 7/01/37 (AMT) |
1/27 at 100.00 |
A+ |
993,120 |
24,645 |
5.000%, 7/01/47 (AMT) |
1/27 at 100.00 |
A+ |
23,773,306 |
33,870 |
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Series |
5/29 at 100.00 |
A+ |
27,904,477 |
2019A, 4.000%, 5/15/49 |
||||
2,000 |
University of Oregon, General Revenue Bonds, Series 2018A, 5.000%, 4/01/48 |
4/28 at 100.00 |
AA– |
2,045,720 |
95,240 |
Total Oregon |
87,797,490 | ||
Pennsylvania – 6.3% (3.7% of Total Investments) |
||||
7,500 |
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny |
4/28 at 100.00 |
A |
7,256,250 |
Health Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/47 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Pennsylvania (continued) |
||||
Allegheny County Sanitary Authority, Pennsylvania, Sewer Revenue Bonds, Series 2020B: |
||||
$ 1,670 |
4.000%, 6/01/45 |
12/30 at 100.00 |
A+ |
$ 1,429,837 |
2,000 |
4.000%, 6/01/50 |
12/30 at 100.00 |
A+ |
1,670,020 |
3,800 |
Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue |
No Opt. Call |
N/R |
3,790,272 |
Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 4.375%, 1/01/35 (Mandatory |
||||
Put 7/01/22) |
||||
345 |
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master |
6/28 at 100.00 |
A |
354,460 |
Settlement, Series 2018, 5.000%, 6/01/34 |
||||
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 |
3,652,460 |
8,385 |
5.000%, 7/01/42 |
7/27 at 100.00 |
A |
8,518,573 |
16,515 |
Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, Penn State Health, |
11/29 at 100.00 |
A2 |
16,132,678 |
Series 2021, 5.000%, 11/01/51 |
||||
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 |
3,169,908 |
11,000 |
0.000%, 12/01/38 |
No Opt. Call |
A |
4,833,950 |
Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown |
||||
Concession, Series 2013A: |
||||
2,875 |
5.125%, 12/01/47 (Pre-refunded 12/01/23) |
12/23 at 100.00 |
N/R (4) |
2,933,707 |
2,500 |
5.125%, 12/01/47 |
12/23 at 100.00 |
A |
2,433,800 |
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 |
A |
2,461,080 |
5,210 |
5.000%, 9/01/43 |
9/28 at 100.00 |
A |
5,175,353 |
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, |
||||
Thomas Jefferson University, Series 2019: |
||||
500 |
4.000%, 9/01/44 |
9/29 at 100.00 |
A |
424,940 |
165 |
4.000%, 9/01/49 |
9/29 at 100.00 |
A |
136,273 |
3,430 |
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue |
1/25 at 100.00 |
Ba1 (4) |
3,562,707 |
Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45 |
||||
(Pre-refunded 1/15/25) |
||||
1,900 |
Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS |
11/27 at 103.00 |
A– |
1,512,970 |
Retirement-Life Communities, Inc. Obligated Group, Series 2020, 4.000%, 11/15/43 |
||||
5,155 |
Neshaminy School District, Bucks County, Pennsylvania, General Obligation Bonds, Series |
5/30 at 100.00 |
Aa1 |
4,586,403 |
2022, 4.000%, 11/01/46 |
||||
235 |
Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, |
11/24 at 100.00 |
N/R |
222,670 |
National Gypsum Company, Refunding Series 2014, 5.500%, 11/01/44 (AMT) |
||||
9,575 |
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of |
8/29 at 100.00 |
Aa3 |
8,397,371 |
Pennsylvania Health System, Series 2019, 4.000%, 8/15/44 |
||||
16,750 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series |
12/27 at 100.00 |
A3 |
18,546,438 |
2009E, 6.375%, 12/01/38 |
||||
4,305 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, |
6/25 at 100.00 |
A+ |
4,288,684 |
5.000%, 12/01/45 |
||||
6,935 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2021B, 5.000%, 12/01/51 |
6/31 at 100.00 |
A+ |
6,672,926 |
2,000 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Lien Series |
12/24 at 100.00 |
A3 |
2,011,320 |
2014A-1, 5.000%, 12/01/38 |
||||
14,500 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, |
6/26 at 100.00 |
A2 |
15,816,310 |
6.250%, 6/01/33 – AGM Insured |
||||
6,890 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2015B-1, |
12/25 at 100.00 |
A3 |
6,662,974 |
5.000%, 12/01/45 |
||||
5,000 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2016A-1, |
12/25 at 100.00 |
A3 |
4,816,000 |
5.000%, 12/01/46 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Pennsylvania (continued) |
||||
$ 9,240 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A, |
12/30 at 100.00 |
A3 |
$ 7,432,564 |
4.000%, 12/01/50 |
||||
8,360 |
Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2021A, |
9/31 at 100.00 |
A1 |
7,136,347 |
4.000%, 9/01/46 – BAM Insured |
||||
7,400 |
Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%, |
7/27 at 100.00 |
A– |
7,020,750 |
7/01/47 (AMT) |
||||
2,150 |
Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue |
9/30 at 100.00 |
A2 |
1,824,297 |
Bonds, First Lien Series 2020B, 4.000%, 9/01/50 – AGM Insured |
||||
10,000 |
Westmoreland County Municipal Authority, Pennsylvania, Municipal Service Revenue Bonds, |
8/25 at 100.00 |
AA |
10,186,700 |
Series 2016, 5.000%, 8/15/38 – BAM Insured |
||||
187,590 |
Total Pennsylvania |
175,070,992 | ||
Puerto Rico – 1.7% (1.0% of Total Investments) |
||||
3,270 |
Children’s Trust Fund, Puerto Rico, Tobacco Settlement Asset-Backed Bonds, Refunding |
12/22 at 100.00 |
BB |
3,269,771 |
Series 2002, 5.500%, 5/15/39 |
||||
1,100 |
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, |
No Opt. Call |
N/R |
1,091,145 |
5.500%, 7/01/29 – AMBAC Insured |
||||
465 |
Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 1998A, |
No Opt. Call |
AA+ |
471,928 |
5.125%, 6/01/24 – AMBAC Insured |
||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, |
||||
Restructured 2018A-1: |
||||
36 |
0.000%, 7/01/24 |
No Opt. Call |
N/R |
33,098 |
90 |
0.000%, 7/01/27 |
No Opt. Call |
N/R |
70,196 |
88 |
0.000%, 7/01/29 |
7/28 at 98.64 |
N/R |
61,149 |
114 |
0.000%, 7/01/31 |
7/28 at 91.88 |
N/R |
69,712 |
128 |
0.000%, 7/01/33 |
7/28 at 86.06 |
N/R |
68,815 |
1,093 |
4.500%, 7/01/34 |
7/25 at 100.00 |
N/R |
993,690 |
3,291 |
4.550%, 7/01/40 |
7/28 at 100.00 |
N/R |
2,846,419 |
2,796 |
0.000%, 7/01/46 |
7/28 at 41.38 |
N/R |
608,969 |
17,208 |
0.000%, 7/01/51 |
7/28 at 30.01 |
N/R |
2,678,081 |
29,935 |
5.000%, 7/01/58 |
7/28 at 100.00 |
N/R |
25,743,501 |
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable |
||||
Restructured Cofina Project Series 2019A-2: |
||||
3,875 |
4.329%, 7/01/40 |
7/28 at 100.00 |
N/R |
3,259,650 |
20 |
4.536%, 7/01/53 |
7/28 at 100.00 |
N/R |
16,128 |
2,484 |
4.784%, 7/01/58 |
7/28 at 100.00 |
N/R |
2,057,150 |
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Refunding |
||||
Series 2007CC: |
||||
765 |
5.500%, 7/01/28 – NPFG Insured |
No Opt. Call |
Baa2 |
769,835 |
2,300 |
5.500%, 7/01/30 – AGM Insured |
No Opt. Call |
A2 |
2,321,275 |
69,058 |
Total Puerto Rico |
46,430,512 | ||
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+ |
7,282,634 |
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+ |
3,129,465 |
Bonds, Lifespan Obligated Group, Refunding Series 2016, 5.000%, 5/15/39 |
||||
30,175 |
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed |
11/22 at 17.44 |
CCC– |
4,054,917 |
Bonds, Series 2007A, 0.000%, 6/01/52 |
||||
40,725 |
Total Rhode Island |
14,467,016 | ||
South Carolina – 4.4% (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 |
7,407,000 |
3,180 |
5.000%, 11/01/46 |
5/26 at 100.00 |
A |
3,030,063 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
South Carolina (continued) |
||||
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– |
$ 15,952,924 |
1,250 |
0.000%, 1/01/31 – AGC Insured |
No Opt. Call |
A3 |
890,213 |
4,610 |
Rock Hill, South Carolina, Combined Utility System Revenue Bonds, Series 2016, |
1/26 at 100.00 |
A |
4,685,512 |
5.000%, 1/01/47 |
||||
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, |
||||
Bishop Gadsden Episcopal Retirement Community, Series 2019A: |
||||
645 |
5.000%, 4/01/44 |
4/26 at 103.00 |
BBB– |
561,466 |
625 |
5.000%, 4/01/49 |
4/26 at 103.00 |
BBB– |
528,819 |
1,640 |
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, |
10/25 at 100.00 |
A1 |
1,669,651 |
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– |
1,006,610 |
Health Projects, Refunding & Improvement Series 2018, 5.000%, 11/01/43 |
||||
8,150 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding & |
6/25 at 100.00 |
A– |
7,845,190 |
Improvement Series 2015A, 5.000%, 12/01/50 |
||||
12,760 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding |
12/24 at 100.00 |
A– |
12,324,246 |
Series 2014C, 5.000%, 12/01/46 |
||||
9,000 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding |
12/26 at 100.00 |
A– |
8,570,250 |
Series 2016B, 5.000%, 12/01/56 |
||||
2,500 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding |
6/32 at 100.00 |
A3 |
2,004,675 |
Series 2022A, 4.000%, 12/01/52 |
||||
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding |
||||
Series 2022B: |
||||
8,855 |
4.000%, 12/01/39 |
6/32 at 100.00 |
A3 |
7,725,987 |
5,335 |
4.000%, 12/01/43 |
6/32 at 100.00 |
A– |
4,477,452 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, |
||||
Series 2014A: |
||||
6,615 |
5.000%, 12/01/49 |
6/24 at 100.00 |
A– |
6,370,377 |
3,455 |
5.500%, 12/01/54 |
6/24 at 100.00 |
A– |
3,460,805 |
South Carolina State Ports Authority, Revenue Bonds, Series 2015: |
||||
4,140 |
5.250%, 7/01/55 (Pre-refunded 7/01/25) (AMT) |
7/25 at 100.00 |
A+ (4) |
4,306,759 |
860 |
5.250%, 7/01/55 (Pre-refunded 7/01/25) (AMT) |
7/25 at 100.00 |
A1 (4) |
894,641 |
South Carolina State Ports Authority, Revenue Bonds, Series 2018: |
||||
5,350 |
5.000%, 7/01/48 (AMT) |
7/28 at 100.00 |
A+ |
5,229,785 |
8,000 |
5.000%, 7/01/55 (AMT) |
7/28 at 100.00 |
A+ |
7,719,920 |
5,000 |
South Carolina State Ports Authority, Revenue Bonds, Series 2019A, 5.000%, 7/01/54 |
7/29 at 100.00 |
A+ |
5,094,900 |
10,000 |
South Carolina State Ports Authority, Revenue Bonds, Series 2019B, 5.000%, 7/01/44 (AMT) |
7/29 at 100.00 |
N/R |
9,815,000 |
132,035 |
Total South Carolina |
121,572,245 | ||
South Dakota – 0.9% (0.5% of Total Investments) |
||||
11,320 |
South Dakota Board of Regents, Housing and Auxiliary Facilities System Revenue Bonds, |
10/27 at 100.00 |
Aa3 |
10,049,669 |
Series 2017, 4.000%, 4/01/42 |
||||
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Regional |
||||
Health, Refunding Series 2017: |
||||
2,685 |
4.000%, 9/01/36 |
9/27 at 100.00 |
A1 |
2,438,544 |
4,225 |
5.000%, 9/01/40 |
9/27 at 100.00 |
A1 |
4,194,791 |
1,000 |
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, |
11/24 at 100.00 |
A+ |
948,610 |
Series 2014B, 5.000%, 11/01/44 |
||||
7,665 |
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, |
11/25 at 100.00 |
A+ |
7,237,370 |
Series 2015, 5.000%, 11/01/45 |
||||
26,895 |
Total South Dakota |
24,868,984 | ||
Tennessee – 1.4% (0.8% of Total Investments) |
||||
9,460 |
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, |
1/23 at 100.00 |
BBB+ (4) |
9,489,421 |
Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23) |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Tennessee (continued) |
||||
$ 9,000 |
Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, |
7/28 at 100.00 |
A– |
$ 8,850,150 |
Ballad Health, Series 2018A, 5.000%, 7/01/36 |
||||
17,000 |
Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue |
1/27 at 100.00 |
A |
16,599,820 |
Bonds, Covenant Health, Refunding Series 2016A, 5.000%, 1/01/42 |
||||
4,000 |
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006A, |
No Opt. Call |
BBB+ |
4,044,280 |
5.250%, 9/01/26 |
||||
39,460 |
Total Tennessee |
38,983,671 | ||
Texas – 18.4% (10.8% of Total Investments) |
||||
1,975 |
Allen Independent School District, Collin County, Texas, General Obligation Bonds, |
2/26 at 100.00 |
AAA |
2,048,213 |
School Building Series 2016, 5.000%, 2/15/39 |
||||
Austin, Texas, Airport System Revenue Bonds, Series 2015: |
||||
3,000 |
5.000%, 11/15/39 (AMT) |
11/24 at 100.00 |
A |
2,934,450 |
3,040 |
5.000%, 11/15/44 (AMT) |
11/24 at 100.00 |
A |
2,917,610 |
4,500 |
Austin, Texas, Airport System Revenue Bonds, Series 2017B, 5.000%, 11/15/46 (AMT) |
11/26 at 100.00 |
A |
4,275,900 |
15,065 |
Austin, Texas, Airport System Revenue Bonds, Series 2019B, 5.000%, 11/15/44 (AMT) |
11/29 at 100.00 |
A |
14,458,483 |
Austin, Texas, Electric Utility System Revenue Bonds, Refunding Series 2015A: |
||||
3,000 |
5.000%, 11/15/38 |
11/25 at 100.00 |
Aa3 |
3,086,730 |
13,705 |
5.000%, 11/15/45 (UB) (8) |
11/25 at 100.00 |
Aa3 |
13,917,428 |
5,000 |
Austin, Texas, Water and Wastewater System Revenue Bonds, Refunding Series 2013A, |
5/23 at 100.00 |
AA– |
5,048,150 |
5.000%, 11/15/43 |
||||
1,450 |
Austin, Texas, Water and Wastewater System Revenue Bonds, Refunding Series 2016, |
11/26 at 100.00 |
AA– |
1,500,098 |
5.000%, 11/15/41 |
||||
Bell County Water Control Improvement District 1, Texas, Water Revenue Bonds, |
||||
Series 2014: |
||||
1,000 |
5.000%, 7/10/37 – BAM Insured |
7/23 at 100.00 |
A1 |
1,005,890 |
1,575 |
5.000%, 7/10/38 – BAM Insured |
7/23 at 100.00 |
A1 |
1,583,962 |
Bexar County, Texas, Venue Project Revenue Bonds, Refunding Combined Venue Tax |
||||
Series 2015: |
||||
1,060 |
5.000%, 8/15/34 (Pre-refunded 8/15/24) – AGM Insured |
8/24 at 100.00 |
A– (4) |
1,092,351 |
1,160 |
5.000%, 8/15/35 (Pre-refunded 8/15/24) – AGM Insured |
8/24 at 100.00 |
A– (4) |
1,195,403 |
2,000 |
Brownsville, Texas, Utility System Revenue Bonds, Refunding Series 2015, 5.000%, 9/01/31 |
9/25 at 100.00 |
A– |
2,062,680 |
Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien |
||||
Series 2013A: |
||||
765 |
5.000%, 1/01/43 (Pre-refunded 1/01/23) |
1/23 at 100.00 |
Baa1 (4) |
767,326 |
1,100 |
5.000%, 1/01/43 (Pre-refunded 1/01/23) – AGM Insured |
1/23 at 100.00 |
A2 (4) |
1,103,344 |
665 |
Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Subordinate Lien |
1/23 at 100.00 |
Baa2 (4) |
666,855 |
Series 2013, 5.000%, 1/01/42 (Pre-refunded 1/01/23) |
||||
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2010: |
||||
2,945 |
0.000%, 1/01/36 |
No Opt. Call |
Baa1 |
1,485,458 |
2,205 |
0.000%, 1/01/37 |
No Opt. Call |
Baa1 |
1,044,376 |
2,160 |
0.000%, 1/01/38 |
No Opt. Call |
Baa1 |
962,950 |
1,000 |
0.000%, 1/01/40 |
No Opt. Call |
Baa1 |
380,430 |
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A: |
||||
2,600 |
5.000%, 1/01/35 (Pre-refunded 7/01/25) |
7/25 at 100.00 |
Baa1 (4) |
2,711,904 |
3,035 |
5.000%, 1/01/45 (Pre-refunded 7/01/25) |
7/25 at 100.00 |
Baa1 (4) |
3,165,626 |
1,000 |
Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea |
8/23 at 100.00 |
A– |
1,011,750 |
Public Schools, Series 2013, 6.000%, 8/15/43 |
||||
Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift |
||||
Education Charter School, Series 2013A: |
||||
1,000 |
4.350%, 12/01/42 |
12/22 at 100.00 |
BBB– |
859,590 |
1,000 |
4.400%, 12/01/47 |
12/22 at 100.00 |
BBB– |
833,760 |
2,000 |
Corpus Christi, Texas, Utility System Revenue Bonds, Improvement Junior Lien Series |
7/23 at 100.00 |
AA– (4) |
2,024,140 |
2013, 5.000%, 7/15/43 (Pre-refunded 7/15/23) |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Texas (continued) |
||||
$ 1,175 |
Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Refunding Senior Lien Series |
12/24 at 100.00 |
Aa2 (4) |
$ 1,216,301 |
2014A, 5.000%, 12/01/36 (Pre-refunded 12/01/24) |
||||
1,680 |
Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Refunding Series 2016A, |
12/25 at 100.00 |
Aa2 (4) |
1,762,757 |
5.000%, 12/01/48 (Pre-refunded 12/01/25) |
||||
1,230 |
Danbury Higher Education Authority, Texas, Charter School Revenue Bonds, John H. Wood |
8/23 at 100.00 |
N/R (4) |
1,253,837 |
Jr. Public Charter District, Inspire Academies, Series 2013A, 6.000%, 8/15/28 |
||||
(Pre-refunded 8/15/23) |
||||
200 |
Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series |
9/24 at 100.00 |
BBB– |
192,886 |
2014A, 5.250%, 9/01/44 |
||||
5,000 |
Deer Park Independent School District, Harris County, Texas, General Obligation Bonds, |
8/32 at 100.00 |
Aaa |
5,213,050 |
School Building Series 2022, 5.000%, 8/15/47 |
||||
1,000 |
El Paso County Hospital District, Texas, General Obligation Bonds, Refunding Series 2013, |
8/23 at 100.00 |
BBB+ |
1,004,350 |
5.000%, 8/15/33 |
||||
7,760 |
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier |
10/23 at 100.00 |
BBB |
7,626,295 |
Series 2013A, 5.125%, 10/01/43 |
||||
10,000 |
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Refunding |
4/30 at 100.00 |
A2 |
8,275,100 |
First Tier Series 2020C, 4.000%, 10/01/49 |
||||
10,760 |
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate |
10/23 at 100.00 |
AA (4) |
10,930,331 |
Lien Series 2013B, 5.000%, 4/01/53 (Pre-refunded 10/01/23) |
||||
5,295 |
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate |
4/28 at 100.00 |
AA |
5,408,366 |
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 (4) |
4,365,093 |
Option Bond Trust 2015-XF0228, 11.840%, 11/01/44 (Pre-refunded 10/01/23), 144A (IF) (8) |
||||
4,960 |
Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, |
12/22 at 100.00 |
B3 |
4,851,326 |
Citgo Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25 (AMT) |
||||
1,000 |
Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue |
12/22 at 100.00 |
A+ (4) |
1,001,460 |
Bonds, Memorial Hermann Healthcare System, Refunding Series 2013A, 5.000%, 12/01/35 |
||||
(Pre-refunded 12/01/22) |
||||
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 |
1,638,645 |
4,480 |
5.000%, 12/01/45 |
6/25 at 100.00 |
AA |
4,408,902 |
Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue |
||||
Refunding Bonds, Young Men’s Christian Association of the Greater Houston Area, Series 2013A: |
||||
1,615 |
5.000%, 6/01/28 |
6/23 at 100.00 |
Baa2 |
1,551,837 |
3,000 |
5.000%, 6/01/38 |
6/23 at 100.00 |
Baa2 |
2,584,170 |
5,150 |
Harris County, Texas, Toll Road Revenue Bonds, Refunding Senior Lien Series 2016A, |
8/26 at 100.00 |
AA |
5,304,088 |
5.000%, 8/15/41 |
||||
5,000 |
Harris County, Texas, Toll Road Revenue Bonds, Refunding Senior Lien Series 2018A, |
2/28 at 100.00 |
AA |
4,392,500 |
4.000%, 8/15/48 |
||||
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 |
183,151 |
1,020 |
0.000%, 11/15/42 – AGM Insured |
11/31 at 59.73 |
A2 |
342,271 |
1,255 |
0.000%, 11/15/43 – AGM Insured |
11/31 at 56.93 |
A2 |
394,999 |
3,305 |
0.000%, 11/15/44 – AGM Insured |
11/31 at 54.25 |
A2 |
978,181 |
4,460 |
0.000%, 11/15/45 – AGM Insured |
11/31 at 51.48 |
A2 |
1,241,932 |
6,500 |
0.000%, 11/15/47 – AGM Insured |
11/31 at 46.45 |
A2 |
1,604,330 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Texas (continued) |
||||
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H: |
||||
$ 495 |
0.000%, 11/15/24 – NPFG Insured |
No Opt. Call |
BB+ |
$ 450,168 |
105 |
0.000%, 11/15/24 – NPFG Insured (ETM) |
No Opt. Call |
Baa2 (4) |
97,727 |
4,390 |
0.000%, 11/15/29 – NPFG Insured |
No Opt. Call |
BB+ |
3,099,955 |
50 |
0.000%, 11/15/29 – NPFG Insured (ETM) |
No Opt. Call |
Baa2 (4) |
38,485 |
625 |
0.000%, 11/15/30 – NPFG Insured |
No Opt. Call |
BB+ |
418,550 |
105 |
0.000%, 11/15/30 – NPFG Insured (ETM) |
No Opt. Call |
Baa2 (4) |
77,230 |
7,570 |
0.000%, 11/15/31 – NPFG Insured |
No Opt. Call |
BB+ |
4,792,416 |
210 |
0.000%, 11/15/32 – NPFG Insured |
11/31 at 94.05 |
BB+ |
124,417 |
260 |
0.000%, 11/15/33 |
11/31 at 88.44 |
BB+ |
143,941 |
2,045 |
0.000%, 11/15/34 – NPFG Insured |
11/31 at 83.17 |
BB+ |
1,055,036 |
1,130 |
0.000%, 11/15/36 – NPFG Insured |
11/31 at 73.51 |
BB+ |
512,749 |
4,370 |
0.000%, 11/15/38 – NPFG Insured |
11/31 at 64.91 |
BB+ |
1,738,954 |
2,260 |
0.000%, 11/15/39 – NPFG Insured |
11/31 at 60.98 |
BB+ |
839,974 |
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien |
||||
Series 2014C: |
||||
600 |
5.000%, 11/15/33 |
11/24 at 100.00 |
BBB– |
606,444 |
400 |
5.000%, 11/15/34 |
11/24 at 100.00 |
BBB– |
403,884 |
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Senior Lien |
||||
Series 2014A: |
||||
1,000 |
5.000%, 11/15/28 |
11/24 at 100.00 |
BBB |
1,018,810 |
1,000 |
5.000%, 11/15/30 |
11/24 at 100.00 |
BBB |
1,017,540 |
3,440 |
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Senior Lien Series 2001G, |
11/31 at 53.78 |
BBB |
1,124,846 |
0.000%, 11/15/41 – NPFG Insured |
||||
1,000 |
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3, |
11/24 at 59.10 |
BB |
531,320 |
0.000%, 11/15/33 – NPFG Insured |
||||
1,000 |
Hidalgo County Regional Mobility Authority, Texas, Toll and Vehicle Registration Fee |
12/31 at 100.00 |
BBB– |
863,070 |
Revenue Bonds, Senior Lien Series 2022A, 4.000%, 12/01/39 |
||||
7,570 |
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018A, |
7/28 at 100.00 |
A |
7,387,639 |
5.000%, 7/01/41 (AMT) |
||||
5,000 |
Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc. |
No Opt. Call |
B |
4,950,900 |
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 |
B |
375,106 |
Terminal E Project, Refunding Series 2014, 5.000%, 7/01/29 (AMT) |
||||
1,885 |
Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc. |
No Opt. Call |
B– |
1,874,802 |
Terminal E Project, Refunding Series 2020A, 5.000%, 7/01/27 (AMT) |
||||
1,000 |
Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc. |
No Opt. Call |
B– |
994,550 |
Terminal Improvements Project, Refunding Series 2020B-2, 5.000%, 7/15/27 (AMT) |
||||
1,015 |
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and |
9/24 at 100.00 |
A |
1,021,831 |
Entertainment Facilities Department, Refunding Series 2014, 5.000%, 9/01/34 |
||||
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 |
2,907,742 |
4,130 |
0.000%, 9/01/26 – AMBAC Insured |
No Opt. Call |
A2 |
3,543,705 |
3,130 |
0.000%, 9/01/30 – AMBAC Insured |
No Opt. Call |
A |
2,225,743 |
12,030 |
0.000%, 9/01/31 – AMBAC Insured |
No Opt. Call |
A |
8,107,258 |
1,470 |
0.000%, 9/01/32 – AMBAC Insured |
No Opt. Call |
A |
939,345 |
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+ |
4,667,364 |
12,030 |
0.000%, 12/01/22 – AGM Insured (ETM) |
No Opt. Call |
AA+ (4) |
11,997,639 |
1,360 |
Jacksonville Independent School District, Cherokee County, Texas, General Obligation |
2/24 at 100.00 |
Aaa (4) |
1,388,764 |
Bonds, School Building Series 2014, 5.000%, 2/15/39 (Pre-refunded 2/15/24) |
||||
2,675 |
Laredo Community College District, Webb County, Texas, General Obligation Bonds, Series |
8/24 at 100.00 |
AA– (4) |
2,754,902 |
2014, 5.000%, 8/01/34 (Pre-refunded 8/01/24) |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Texas (continued) |
||||
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 |
$ 7,508,400 |
2,275 |
5.000%, 8/15/40 |
8/25 at 100.00 |
AAA |
2,343,409 |
1,750 |
Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds |
11/25 at 100.00 |
A– |
1,736,368 |
Series 2015, 5.000%, 11/01/35 (AMT) |
||||
6,500 |
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA |
5/26 at 100.00 |
A |
6,503,770 |
Transmission Services Corporation Project, Refunding Series 2016, 5.000%, 5/15/46 |
||||
1,350 |
Lubbock Independent School District, Lubbock County, Texas, General Obligation Bonds, |
2/23 at 100.00 |
AAA (4) |
1,357,155 |
School Building Series 2013A, 5.000%, 2/15/43 (Pre-refunded 2/15/23) |
||||
9,180 |
Matagorda County Navigation District 1, Texas, Collateralized Revenue Refunding Bonds, |
No Opt. Call |
A |
9,647,537 |
Houston Light and Power Company, Series 1997, 5.125%, 11/01/28 – AMBAC Insured (AMT) |
||||
McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013: |
||||
1,000 |
5.750%, 12/01/33 |
12/25 at 100.00 |
B1 |
989,010 |
3,000 |
6.125%, 12/01/38 |
12/25 at 100.00 |
B1 |
2,986,440 |
2,835 |
Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, |
11/22 at 104.00 |
BB– |
2,673,348 |
Senior Lien Series 2018, 4.625%, 10/01/31 (AMT), 144A |
||||
4,735 |
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing |
4/24 at 100.00 |
A2 |
4,777,142 |
Revenue Bonds, CHF-Collegiate Housing Foundation – College Station I LLC – Texas A&M |
||||
University Project, Series 2014A, 5.000%, 4/01/46 – AGM Insured |
||||
460 |
North Central Texas Health Facilities Development Corporation, Hospital Revenue Bonds, |
7/21 at 100.00 |
N/R (4) |
480,686 |
Presbyterian Healthcare System, Series 1996A, 5.750%, 6/01/26 – NPFG Insured (ETM) |
||||
3,860 |
North Harris County Regional Water Authority, Texas, Water Revenue Bonds, Refunding |
12/22 at 100.00 |
A1 |
3,862,470 |
Senior Lien Series 2013, 5.000%, 12/15/33 |
||||
North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible |
||||
Capital Appreciation Series 2011C: |
||||
4,030 |
0.000%, 9/01/43 (Pre-refunded 9/01/31) (7) |
9/31 at 100.00 |
N/R (4) |
4,775,107 |
8,470 |
6.750%, 9/01/45 (Pre-refunded 9/01/31) |
9/31 at 100.00 |
N/R (4) |
10,465,616 |
7,000 |
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital |
1/25 at 100.00 |
A+ (4) |
7,445,690 |
Appreciation Series 2008I, 6.500%, 1/01/43 (Pre-refunded 1/01/25) |
||||
2,500 |
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008D, |
No Opt. Call |
A1 |
1,300,450 |
0.000%, 1/01/36 – AGC Insured |
||||
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 |
13,645,471 |
1,000 |
5.000%, 1/01/34 |
1/25 at 100.00 |
A |
1,018,720 |
1,425 |
Port of Houston Authority, Harris County, Texas, General Obligation Bonds, Series 2010E, |
No Opt. Call |
AA |
816,411 |
0.000%, 10/01/35 |
||||
205 |
Reagan Hospital District of Reagan County, Texas, Limited Tax Revenue Bonds, Series |
2/24 at 100.00 |
Ba1 |
206,337 |
2014A, 5.125%, 2/01/39 |
||||
2,500 |
San Antonio, Texas, Airport System Revenue Bonds, Refunding Series 2012, 5.000%, |
12/22 at 100.00 |
A |
2,501,200 |
7/01/27 (AMT) |
||||
1,000 |
San Antonio, Texas, Water System Revenue Bonds, Refunding Junior Lien Series 2018A, |
5/28 at 100.00 |
AA |
1,016,960 |
5.000%, 5/15/48 |
||||
1,925 |
Stephen F. Austin State University, Texas, Revenue Bonds, Refunding & Improvement Series |
10/28 at 100.00 |
A1 |
1,980,305 |
2016, 5.000%, 10/15/42 |
||||
7,500 |
Tarrant County College District, Texas, General Obligation Bonds, Series 2022, |
8/32 at 100.00 |
AAA |
7,927,125 |
5.000%, 8/15/40 |
||||
515 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital |
9/23 at 100.00 |
A3 (4) |
522,560 |
Revenue Bonds, Hendrick Medical Center, Refunding Series 2013, 5.125%, 9/01/33 |
||||
(Pre-refunded 9/01/23) |
||||
2,700 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital |
4/32 at 100.00 |
AA– |
2,376,216 |
Revenue Bonds, Methodist Hospital of Dallas, Series 2022, 4.000%, 10/01/42 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Texas (continued) |
||||
$ 1,250 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital |
5/26 at 100.00 |
AA– |
$ 1,283,338 |
Revenue Bonds, Scott & White Healthcare Project, Series 2016A, 5.000%, 11/15/32 |
||||
3,195 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, |
7/32 at 100.00 |
A+ |
2,551,048 |
Christus Health, Series 2022A, 4.000%, 7/01/53 |
||||
2,000 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, |
8/26 at 100.00 |
AA |
2,001,700 |
Texas Health Resources System, Series 2016A, 5.000%, 2/15/41 |
||||
2,415 |
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, |
No Opt. Call |
A– |
2,502,012 |
Senior Lien Series 2008D, 6.250%, 12/15/26 |
||||
530 |
Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE |
12/29 at 100.00 |
Baa2 |
445,799 |
Mobility Partners LLC North Tarrant Express Managed Lanes Project, Refunding Senior Lien |
||||
Series 2019A, 4.000%, 12/31/39 |
||||
19,735 |
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue |
12/25 at 100.00 |
Baa3 |
18,112,388 |
Bonds, Blueridge Transportation Group, LLC SH 288 Toll Lanes Project, Series 2016, 5.000%, |
||||
12/31/55 (AMT) |
||||
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue |
||||
Bonds, NTE Mobility Partners Segments 3 LLC Segments 3A & 3B Facility, Series 2013: |
||||
1,335 |
7.000%, 12/31/38 (AMT) |
9/23 at 100.00 |
Baa3 |
1,363,102 |
4,040 |
6.750%, 6/30/43 (AMT) |
9/23 at 100.00 |
Baa3 |
4,111,952 |
34,395 |
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue |
6/29 at 100.00 |
Baa3 |
30,737,436 |
Bonds, NTE Mobility Partners Segments 3 LLC Segments 3C Project, Series 2019, 5.000%, |
||||
6/30/58 (AMT) |
||||
Texas State, General Obligation Bonds, Texas Transportation Commission, Highway |
||||
Improvement Series 2014: |
||||
1,200 |
5.000%, 4/01/44 (Pre-refunded 4/01/24) |
4/24 at 100.00 |
AAA (4) |
1,227,756 |
800 |
5.000%, 4/01/44 (Pre-refunded 4/01/24) |
4/24 at 100.00 |
N/R (4) |
817,392 |
2,000 |
Texas State, General Obligation Bonds, Transportation Commission Mobility Fund, |
4/24 at 100.00 |
AAA (4) |
2,049,040 |
Refunding Series 2014, 5.000%, 10/01/34 (Pre-refunded 4/01/24) |
||||
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding |
||||
First Tier Series 2015B: |
||||
8,335 |
0.000%, 8/15/36 |
8/24 at 59.60 |
A3 |
4,088,484 |
10,960 |
5.000%, 8/15/37 |
8/24 at 100.00 |
A3 |
11,166,048 |
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding |
||||
Second Tier Series 2015C: |
||||
2,100 |
5.000%, 8/15/33 |
8/24 at 100.00 |
Baa1 |
2,120,832 |
15,750 |
5.000%, 8/15/42 |
8/24 at 100.00 |
Baa1 |
15,803,550 |
1,875 |
Texas Transportation Commission, State Highway 249 System Revenue Bonds, First Tier Toll |
2/29 at 100.00 |
Baa3 |
1,715,644 |
Series 2019A, 5.000%, 8/01/57 |
||||
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier |
||||
Series 2002A: |
||||
2,020 |
0.000%, 8/15/23 – AMBAC Insured (ETM) |
No Opt. Call |
A3 (4) |
1,968,510 |
9,980 |
0.000%, 8/15/23 – AMBAC Insured |
No Opt. Call |
A3 |
9,703,454 |
3,830 |
0.000%, 8/15/24 – AMBAC Insured (ETM) |
No Opt. Call |
A3 (4) |
3,606,481 |
21,170 |
0.000%, 8/15/24 – AMBAC Insured |
No Opt. Call |
A3 |
19,811,733 |
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master |
||||
Trust Series 2017A: |
||||
10,000 |
4.000%, 10/15/42 (UB) (8) |
10/27 at 100.00 |
AAA |
9,265,300 |
5,000 |
5.000%, 10/15/42 |
10/27 at 100.00 |
AAA |
5,151,200 |
16,600 |
5.000%, 10/15/42 (UB) (8) |
10/27 at 100.00 |
AAA |
17,101,984 |
5,000 |
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master |
10/28 at 100.00 |
AAA |
5,122,000 |
Trust Series 2018B, 5.000%, 4/15/49 |
||||
2,490 |
Uptown Development Authority, Houston, Texas, Tax Increment Contract Revenue Bonds, |
9/25 at 100.00 |
Baa2 |
2,387,487 |
Infrastructure Improvement Facilities, Series 2018, 5.000%, 9/01/40 |
||||
1,735 |
Via Metropolitan Transit Advanced Transportation District, Texas, Sales Tax Revenue |
8/24 at 100.00 |
AA+ (4) |
1,786,824 |
Bonds, Refunding & Improvement Series 2014, 5.000%, 8/01/38 (Pre-refunded 8/01/24) |
||||
190 |
Winter Garden Housing Finance Corporation, Texas, GNMA/FNMA Mortgage-Backed Securities |
12/22 at 100.00 |
CC |
190,399 |
Program Single Family Mortgage Revenue Bonds, Series 1994, 6.950%, 10/01/27 (AMT) |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Texas (continued) |
||||
$ 780 |
Wylie Independent School District, Collin County, Texas, General Obligation Bonds, |
8/25 at 35.55 |
Aaa (4) |
$ 249,959 |
Capital Appreciation Series 2015, 0.000%, 8/15/50 (Pre-refunded 8/15/25) |
||||
Wylie Independent School District, Collin County, Texas, General Obligation Bonds, |
||||
School Building Series 2015B: |
||||
8,000 |
0.000%, 8/15/45 |
8/25 at 44.15 |
Aaa |
2,403,520 |
1,000 |
0.000%, 8/15/45 (Pre-refunded 8/15/25) |
8/25 at 44.15 |
Aaa (4) |
397,980 |
4,370 |
0.000%, 8/15/50 |
8/25 at 35.55 |
Aaa |
989,936 |
1,850 |
0.000%, 8/15/50 (Pre-refunded 8/15/25) |
8/25 at 35.55 |
Aaa (4) |
592,851 |
570,020 |
Total Texas |
509,654,863 | ||
Utah – 1.6% (1.0% of Total Investments) |
||||
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017A: |
||||
15,000 |
5.000%, 7/01/42 (AMT) |
7/27 at 100.00 |
A |
14,569,650 |
12,055 |
5.000%, 7/01/47 (AMT) |
7/27 at 100.00 |
A |
11,500,470 |
4,500 |
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018A, 5.000%, |
7/28 at 100.00 |
A |
4,288,185 |
7/01/48 (AMT) |
||||
9,850 |
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2021A, 5.000%, |
7/31 at 100.00 |
A2 |
9,354,052 |
7/01/51 (AMT) |
||||
5,795 |
Utah Charter School Finance Authority, Charter School Revenue Bonds, Hawthorn Academy |
4/26 at 100.00 |
AA |
5,890,154 |
Project, Series 2016, 5.000%, 10/15/46 |
||||
47,200 |
Total Utah |
45,602,511 | ||
Virgin Islands – 0.4% (0.2% of Total Investments) |
||||
3,825 |
Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, |
No Opt. Call |
N/R |
3,872,430 |
Series 2022A, 5.000%, 10/01/30 |
||||
120 |
Tobacco Settlement Financing Corporation, Virgin Islands, Tobacco Settlement |
12/22 at 100.00 |
A1 |
120,072 |
Asset-Backed Bonds, Series 2001, 5.000%, 5/15/31 |
||||
1,800 |
Virgin Islands Public Finance Authority, Federal Highway Grant Anticipation Loan Note |
9/25 at 100.00 |
A |
1,852,236 |
Revenue Bonds, Series 2015, 5.000%, 9/01/33, 144A |
||||
2,000 |
Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding |
12/22 at 100.00 |
Baa2 |
2,021,920 |
Series 2006, 5.000%, 10/01/27 – FGIC Insured |
||||
2,240 |
Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Working Capital |
10/24 at 100.00 |
A2 |
2,270,285 |
Series 2014A, 5.000%, 10/01/34 – AGM Insured, 144A |
||||
730 |
Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding |
12/22 at 100.00 |
Caa3 |
701,413 |
Series 2007A, 5.000%, 7/01/24 |
||||
10,715 |
Total Virgin Islands |
10,838,356 | ||
Virginia – 2.0% (1.2% of Total Investments) |
||||
550 |
Amherst Industrial Development Authority, Virginia, Revenue Bonds, Sweet Briar College, |
12/22 at 100.00 |
BB– |
535,035 |
Series 2006, 5.000%, 9/01/26 |
||||
560 |
Arlington County Industrial Development Authority, Virginia, Hospital Facility Revenue |
7/30 at 100.00 |
A+ |
476,482 |
Bonds, Virginia Hospital Center, Series 2020, 4.000%, 7/01/45 |
||||
515 |
Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital |
7/28 at 100.00 |
BBB+ |
500,755 |
Appreciation Series 2012B, 0.000%, 7/15/40 (7) |
||||
1,000 |
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, |
5/28 at 100.00 |
Aa2 |
859,430 |
Inova Health System, Series 2018A, 4.000%, 5/15/48 (UB) (8) |
||||
1,000 |
Fairfax County Redevelopment and Housing Authority, Virginia, Multifamily Housing |
12/22 at 100.00 |
AA+ |
1,003,000 |
Revenue Bonds, FHA-Insured Mortgage – Cedar Ridge Project, Series 2007, 4.850%, 10/01/48 (AMT) |
||||
16,445 |
Hampton Roads Transportation Accountability Commission, Virginia, Revenue Bonds, Hampton |
7/32 at 100.00 |
Aa2 |
14,103,068 |
Roads Transportation Fund, Senior Lien Series 2022A, 4.000%, 7/01/52 |
||||
2,300 |
Lynchburg Economic Development Authority, Virginia, Hospital Revenue Bonds, Centra |
1/32 at 100.00 |
Baa1 |
1,890,462 |
Health Obligated Group, Refunding Series 2021, 4.000%, 1/01/47 |
||||
6,250 |
Northern Virginia Transportation Commission, Transportation District Special Obligation |
6/32 at 100.00 |
AA |
6,586,812 |
Revenue Bonds, Transforming Rail In Virginia Program, Green Series 2022, 5.000%, 6/01/47 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Virginia (continued) |
||||
$ 6,115 |
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed |
11/22 at 100.00 |
B– |
$ 5,333,809 |
Bonds, Series 2007B1, 5.000%, 6/01/47 |
||||
15,605 |
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform |
6/27 at 100.00 |
Baa3 |
14,076,022 |
66 P3 Project, Senior Lien Series 2017, 5.000%, 12/31/56 (AMT) |
||||
9,625 |
Virginia Small Business Financing Authority, Revenue Bonds, 95 Express Lanes LLC |
12/32 at 100.00 |
Baa1 |
9,255,207 |
Project, Refunding Senior Lien Series 2022, 5.000%, 12/31/47 (AMT) |
||||
59,965 |
Total Virginia |
54,620,082 | ||
Washington – 3.7% (2.2% of Total Investments) |
||||
2,000 |
Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, |
7/24 at 100.00 |
AA– |
2,034,960 |
Refunding Series 2014A, 5.000%, 7/01/40 |
||||
2,375 |
Grant County Public Utility District 2, Washington, Revenue Bonds, Priest Rapids |
1/26 at 100.00 |
Aa3 (4) |
2,498,500 |
Hydroelectric Project, Refunding Series 2015A, 5.000%, 1/01/41 (Pre-refunded 1/01/26) |
||||
3,750 |
King County Public Hospital District 2, Washington, General Obligation Bonds, |
12/29 at 100.00 |
Aa3 |
3,263,925 |
EvergreenHealth, Limited Tax 2020A, 4.000%, 12/01/45 |
||||
2,270 |
Port Everett, Washington, Revenue Bonds, Refunding Series 2016, 5.000%, 12/01/46 |
6/26 at 100.00 |
A2 |
2,318,147 |
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2018A: |
||||
6,000 |
5.000%, 5/01/36 (AMT) |
5/27 at 100.00 |
A+ |
6,087,120 |
19,735 |
5.000%, 5/01/43 (AMT) |
5/27 at 100.00 |
A+ |
19,310,500 |
1,145 |
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019, 5.000%, |
4/29 at 100.00 |
A+ |
1,100,986 |
4/01/44 (AMT) |
||||
4,550 |
Port of Seattle, Washington, Revenue Bonds, Refunding Intermediate Lien Private Activity |
8/32 at 100.00 |
A1 |
4,340,336 |
Series 2022B, 5.000%, 8/01/47 (AMT) |
||||
12,550 |
Port of Seattle, Washington, Revenue Bonds, Refunding Intermediate Lien Series 2021C, |
8/31 at 100.00 |
A+ |
12,009,095 |
5.000%, 8/01/46 (AMT) |
||||
15,000 |
Seattle, Washington, Municipal Light and Power Revenue Bonds, Refunding & Improvement |
7/31 at 100.00 |
AA |
12,799,800 |
Series 2021A, 4.000%, 7/01/51 |
||||
10,000 |
Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue |
6/23 at 100.00 |
BBB+ (4) |
10,097,800 |
Bonds, Series 2013A, 5.000%, 5/01/43 (Pre-refunded 6/01/23) |
||||
4,000 |
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & |
12/22 at 100.00 |
AA– |
4,010,200 |
Services, Refunding Series 2012A, 5.000%, 10/01/32 |
||||
11,500 |
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital, |
4/25 at 100.00 |
Aa2 |
11,518,170 |
Series 2015A, 5.000%, 10/01/45 (UB) |
||||
6,200 |
Washington State Convention Center Public Facilities District, Lodging Tax Revenue |
7/31 at 100.00 |
BBB– |
3,467,908 |
Bonds, Refunding Series2021B. Exchange Purchase, 3.000%, 7/01/58 |
||||
2,525 |
Washington State Higher Education Facilities Authority, Revenue Bonds, Seattle |
5/30 at 100.00 |
A |
2,080,398 |
University, Series 2020, 4.000%, 5/01/45 |
||||
320 |
Washington State Housing Finance Commission, Revenue Bonds, Riverview Retirement |
1/23 at 100.00 |
BBB– |
273,891 |
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+ |
6,129,691 |
0.000%, 6/01/24 – NPFG Insured |
||||
110,400 |
Total Washington |
103,341,427 | ||
West Virginia – 1.0% (0.6% of Total Investments) |
||||
7,000 |
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United |
6/23 at 100.00 |
A (4) |
7,088,410 |
Health System Obligated Group, Refunding & Improvement Series 2013A, 5.500%, 6/01/44 |
||||
(Pre-refunded 6/01/23) |
||||
15,000 |
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United |
6/28 at 100.00 |
A |
14,025,450 |
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 |
1,892,520 |
System Obligated Group, Improvement Series 2017A, 5.000%, 6/01/47 |
||||
6,750 |
West Virginia Parkways Authority, Turnpike Toll Revenue Bonds, Senior Lien Series 2021, |
6/31 at 100.00 |
AA– |
5,958,563 |
4.000%, 6/01/43 |
||||
30,750 |
Total West Virginia |
28,964,943 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Wisconsin – 2.9% (1.7% of Total Investments) |
||||
$ 3,235 |
Milwaukee, Wisconsin, General Obligation Bonds, Promissory Note Series 2022-B4, 5.000%, |
4/32 at 100.00 |
N/R |
$ 3,387,271 |
4/01/36 – AGM Insured |
||||
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 (5) |
No Opt. Call |
N/R |
664 |
30 |
0.000%, 1/01/48, 144A (5) |
No Opt. Call |
N/R |
553 |
29 |
0.000%, 1/01/49, 144A (5) |
No Opt. Call |
N/R |
515 |
29 |
0.000%, 1/01/50, 144A (5) |
No Opt. Call |
N/R |
465 |
28 |
0.000%, 1/01/51, 144A (5) |
No Opt. Call |
N/R |
435 |
36 |
0.000%, 1/01/52, 144A (5) |
No Opt. Call |
N/R |
527 |
36 |
0.000%, 1/01/53, 144A (5) |
No Opt. Call |
N/R |
495 |
35 |
0.000%, 1/01/54, 144A (5) |
No Opt. Call |
N/R |
451 |
34 |
0.000%, 1/01/55, 144A (5) |
No Opt. Call |
N/R |
419 |
33 |
0.000%, 1/01/56, 144A (5) |
No Opt. Call |
N/R |
392 |
1,811 |
0.000%, 7/01/56, 144A (5) |
3/28 at 100.00 |
N/R |
1,008,383 |
37 |
0.000%, 1/01/57, 144A (5) |
No Opt. Call |
N/R |
410 |
36 |
0.000%, 1/01/58, 144A (5) |
No Opt. Call |
N/R |
379 |
35 |
0.000%, 1/01/59, 144A (5) |
No Opt. Call |
N/R |
351 |
34 |
0.000%, 1/01/60, 144A (5) |
No Opt. Call |
N/R |
324 |
34 |
0.000%, 1/01/61, 144A (5) |
No Opt. Call |
N/R |
302 |
33 |
0.000%, 1/01/62, 144A (5) |
No Opt. Call |
N/R |
278 |
32 |
0.000%, 1/01/63, 144A (5) |
No Opt. Call |
N/R |
258 |
31 |
0.000%, 1/01/64, 144A (5) |
No Opt. Call |
N/R |
241 |
31 |
0.000%, 1/01/65, 144A (5) |
No Opt. Call |
N/R |
223 |
33 |
0.000%, 1/01/66, 144A (5) |
No Opt. Call |
N/R |
223 |
401 |
0.000%, 1/01/67, 144A (5) |
No Opt. Call |
N/R |
2,432 |
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 (5) |
No Opt. Call |
N/R |
1,238 |
59 |
0.000%, 1/01/47, 144A (5) |
No Opt. Call |
N/R |
1,137 |
58 |
0.000%, 1/01/48, 144A (5) |
No Opt. Call |
N/R |
1,075 |
58 |
0.000%, 1/01/49, 144A (5) |
No Opt. Call |
N/R |
1,011 |
57 |
0.000%, 1/01/50, 144A (5) |
No Opt. Call |
N/R |
929 |
62 |
0.000%, 1/01/51, 144A (5) |
No Opt. Call |
N/R |
968 |
1,606 |
1.000%, 7/01/51, 144A (5) |
3/28 at 100.00 |
N/R |
738,630 |
62 |
0.000%, 1/01/52, 144A (5) |
No Opt. Call |
N/R |
898 |
61 |
0.000%, 1/01/53, 144A (5) |
No Opt. Call |
N/R |
843 |
61 |
0.000%, 1/01/54, 144A (5) |
No Opt. Call |
N/R |
790 |
60 |
0.000%, 1/01/55, 144A (5) |
No Opt. Call |
N/R |
739 |
59 |
0.000%, 1/01/56, 144A (5) |
No Opt. Call |
N/R |
696 |
59 |
0.000%, 1/01/57, 144A (5) |
No Opt. Call |
N/R |
652 |
58 |
0.000%, 1/01/58, 144A (5) |
No Opt. Call |
N/R |
610 |
57 |
0.000%, 1/01/59, 144A (5) |
No Opt. Call |
N/R |
577 |
57 |
0.000%, 1/01/60, 144A (5) |
No Opt. Call |
N/R |
539 |
56 |
0.000%, 1/01/61, 144A (5) |
No Opt. Call |
N/R |
502 |
56 |
0.000%, 1/01/62, 144A (5) |
No Opt. Call |
N/R |
472 |
55 |
0.000%, 1/01/63, 144A (5) |
No Opt. Call |
N/R |
442 |
54 |
0.000%, 1/01/64, 144A (5) |
No Opt. Call |
N/R |
419 |
54 |
0.000%, 1/01/65, 144A (5) |
No Opt. Call |
N/R |
391 |
53 |
0.000%, 1/01/66, 144A (5) |
No Opt. Call |
N/R |
356 |
693 |
0.000%, 1/01/67, 144A (5) |
No Opt. Call |
N/R |
4,205 |
5,000 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian |
7/23 at 100.00 |
N/R (4) |
5,058,700 |
HealthCare, Inc., Series 2013B, 5.000%, 7/01/36 (Pre-refunded 7/01/23) |
||||
2,545 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ascension Health |
5/28 at 100.00 |
Aa2 |
2,149,329 |
Alliance Senior Credit Group, Series 2013B-1, 4.000%, 11/15/43 |
||||
10,715 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aspirus, Inc. |
8/31 at 100.00 |
A1 |
8,754,476 |
Obligated Group, Inc. Project, Series 2021, 4.000%, 8/15/46 |
||||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, PHW Muskego, Inc. |
||||
Project, Series 2021: |
||||
1,690 |
4.000%, 10/01/41 |
10/28 at 102.00 |
N/R |
1,304,342 |
2,000 |
4.000%, 10/01/61 |
10/28 at 102.00 |
N/R |
1,314,520 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Wisconsin (continued) |
||||
$ 2,500 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
7/27 at 100.00 |
A+ |
$ 2,101,250 |
Agnesian HealthCare, Inc., Series 2017, 4.000%, 7/01/47 |
||||
10,225 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
5/26 at 100.00 |
Aa2 |
9,876,839 |
Ascension Health Alliance Senior Credit Group, Series 2016A, 4.500%, 11/15/39 |
||||
1,870 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Beloit |
7/26 at 100.00 |
A |
1,516,589 |
Health System, Inc., Series 2016, 4.000%, 7/01/46 |
||||
4,220 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
8/27 at 100.00 |
Aa3 |
3,715,288 |
Children’s Hospital of Wisconsin, Inc., Series 2017, 4.000%, 8/15/42 |
||||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
||||
Marshfield Clinic, Series 2016A: |
||||
12,440 |
5.000%, 2/15/42 |
2/26 at 100.00 |
A– |
12,101,756 |
6,000 |
5.000%, 2/15/46 |
2/26 at 100.00 |
A– |
5,806,140 |
1,525 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Oakwood |
1/27 at 103.00 |
N/R |
1,024,099 |
Lutheran Senior Ministries, Series 2021, 4.000%, 1/01/57 |
||||
10,235 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint |
4/32 at 100.00 |
AA |
10,212,381 |
John’s Communities Inc., Refunding Series 2022A, 5.000%, 4/01/52 |
||||
11,270 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
12/29 at 100.00 |
A1 |
9,301,018 |
ThedaCare Inc, Series 2019, 4.000%, 12/15/49 |
||||
91,856 |
Total Wisconsin |
79,400,837 | ||
$ 5,332,648 |
Total Municipal Bonds (cost $5,000,075,334) |
4,713,408,313 |
Shares |
Description (1) |
Value |
INVESTMENT COMPANIES – 0.0% (0.0% of Total Investments) |
||
8,812 |
BlackRock MuniHoldings Fund Inc |
$ 94,641 |
32,524 |
Invesco Quality Municipal Income Trust |
287,837 |
Total Investment Companies (cost $530,611) |
382,478 |
Principal |
Reference |
||||||
Amount (000) |
Description (1) |
Coupon (9) |
Rate (9) |
Spread (9) |
Maturity (10) |
Ratings (3) |
Value |
VARIABLE RATE SENIOR LOAN INTERESTS – 0.0% (0.0% of Total Investments) (9) |
|||||||
Hotels, Restaurants & Leisure – 0.0% (0.0% of Total Investments) |
|||||||
$ 160 |
Lombard Starwood Westin Hotel Conference Center and Hotel |
7.500% |
N/A |
N/A |
12/31/23 |
N/R |
$ 159,652 |
Project Revenue Bonds, Term Loan, 7.500%, 12/31/23 (cash 7.500%, |
|||||||
PIK 7.500%) (11) |
|||||||
$ 160 |
Total Variable Rate Senior Loan Interests (cost $159,652) |
159,652 | |||||
Total Long-Term Investments (cost $5,000,765,597) |
4,713,950,443 | ||||||
Borrowings – (1.9)% (12) |
(52,400,000) | ||||||
Floating Rate Obligations – (3.5)% |
(96,685,000) | ||||||
Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (26.3)% (13) |
(727,215,997) | ||||||
MuniFund Preferred Shares, net of deferred offering costs – (24.5)% (14) |
(678,473,218) | ||||||
Variable Rate Demand Preferred Shares, net of deferred offering costs – (18.2)% (15) |
(503,098,217) | ||||||
Other Assets Less Liabilities – 4.0% |
109,554,372 | ||||||
Net Assets Applicable to Common Shares – 100% |
$ 2,765,632,383 |
NAD |
Nuveen Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
(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. Optional Call Provisions are not covered by the report of independent registered public accounting firm. |
(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. Ratings are not covered by the report of independent registered public accounting firm. |
(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) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. |
(6) | For fair value measurement disclosure purposes, investment classified as Level 3. |
(7) | 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. |
(8) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. |
(9) | Senior loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate (Reference Rate) plus an assigned fixed rate (Spread). These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks. Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan. The rate shown is the coupon as of the end of the reporting period. |
(10) | Senior loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a borrower to prepay, prepayments of senior loans may occur. As a result, the actual remaining maturity of senior loans held may be substantially less than the stated maturities shown. |
(11) | Senior loan received as part of the bondholder funding agreement during March 2022 for Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds, Lombard Public Facilities Corporation, First Tier Series 2018A-1, 0.000%, 7/01/56, 144A. |
(12) | Borrowings as a percentage of Total Investments is 1.1%. |
(13) | Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering cost as a percentage of Total Investments is 15.4% |
(14) | MuniFund Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 14.4%. |
(15) | Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 10.7%. |
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. |
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. |
N/A | Not Applicable. |
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. |
WI/DD | Investment, or portion of investment, purchased on a when-issued or delayed delivery basis. |
NEA |
Nuveen AMT-Free Quality Municipal |
Income Fund | |
Portfolio of Investments | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
LONG-TERM INVESTMENTS – 171.4% (100.0% of Total Investments) |
||||
MUNICIPAL BONDS – 171.4% (100.0% of Total Investments) |
||||
Alabama – 1.2% (0.7% of Total Investments) |
||||
$ 15,520 |
Alabama Special Care Facilities Financing Authority, Revenue Bonds, Ascension Health, |
5/26 at 100.00 |
N/R |
$ 15,324,603 |
Series 2016B, 5.000%, 11/15/46 |
||||
5,920 |
Autauga County Board of Education, Alabama, Special Tax Warrants, Series 2021, |
10/31 at 100.00 |
AA– |
4,964,157 |
4.000%, 4/01/51 |
||||
875 |
Birmingham Airport Authority, Alabama, Airport Revenue Bonds, Series 2020, 4.000%, |
7/30 at 100.00 |
A3 |
821,555 |
7/01/35 – BAM Insured |
||||
4,250 |
Infirmary Health System Special Care Facilities Financing Authority of Mobile, Alabama, |
2/26 at 100.00 |
A– |
4,139,203 |
Revenue Bonds, Infirmary Health System, Inc., Series 2016A, 5.000%, 2/01/41 |
||||
4,900 |
Mobile Spring Hill College Educational Building Authority, Alabama, Revenue Bonds, |
4/25 at 100.00 |
N/R |
4,656,960 |
Spring Hill College Project, Series 2015, 5.875%, 4/15/45 |
||||
1,000 |
Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 3, Series |
9/29 at 100.10 |
N/R |
1,011,390 |
2022A-1, 2022A-2, 5.500%, 1/01/53 (Mandatory Put 12/01/29) (WI/DD, Settling 11/01/2022) |
||||
7,270 |
Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 4, Series |
5/28 at 100.34 |
A2 |
7,161,095 |
2022B-1, 5.000%, 5/01/53 (Mandatory Put 8/01/28) |
||||
5,310 |
Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone |
5/29 at 100.00 |
N/R |
4,330,464 |
Bonds, Hunt Refining Project, Refunding Series 2019A, 5.250%, 5/01/44, 144A |
||||
45,045 |
Total Alabama |
42,409,427 | ||
Alaska – 0.0% (0.0% of Total Investments) |
||||
495 |
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed |
6/31 at 100.00 |
BBB+ |
389,035 |
Bonds, Senior Series 2021A Class 1, 4.000%, 6/01/50 |
||||
Arizona – 1.8% (1.1% of Total Investments) |
||||
1,025 |
Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of |
7/27 at 100.00 |
AA– |
1,024,201 |
Math & Science Projects, Series 2017A, 5.000%, 7/01/51 |
||||
7,115 |
Lake Havasu City, Arizona, Wastewater System Revenue Bonds, Refunding Senior Lien Series |
7/25 at 100.00 |
A2 |
7,276,937 |
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 |
1,307,583 |
HonorHealth, Series 2019A, 5.000%, 9/01/42 |
||||
8,895 |
Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, |
3/31 at 100.00 |
A2 |
7,094,474 |
HonorHealth, Series 2021A, 4.000%, 9/01/51 |
||||
5,135 |
Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, |
1/27 at 100.00 |
AA– |
4,846,362 |
Refunding Series 2016A, 4.000%, 1/01/36 |
||||
6,550 |
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien |
7/29 at 100.00 |
A |
5,335,433 |
Series 2019A, 4.000%, 7/01/49 |
||||
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 |
7,402,722 |
10,000 |
5.500%, 7/01/40 – FGIC Insured |
No Opt. Call |
AA |
11,208,000 |
3,035 |
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Medical |
4/31 at 100.00 |
A |
2,437,075 |
Center, Series 2021A, 4.000%, 4/01/46 |
||||
3,000 |
Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Series 2018A, |
8/28 at 100.00 |
AA |
3,103,080 |
5.000%, 8/01/47 |
||||
11,080 |
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy |
No Opt. Call |
BBB+ |
10,933,744 |
Inc Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37 |
||||
63,695 |
Total Arizona |
61,969,611 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
California – 7.7% (4.5% of Total Investments) |
||||
$ 3,335 |
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second |
10/32 at 100.00 |
BBB |
$ 3,332,732 |
Subordinate Lien Series 2022C, 5.000%, 10/01/52 – AGM Insured |
||||
22,880 |
Alameda Corridor Transportation Authority, California, Revenue Bonds, Senior Lien Series |
No Opt. Call |
A– |
14,886,872 |
1999A, 0.000%, 10/01/32 – NPFG Insured |
||||
4,225 |
Alameda Unified School District, Alameda County, California, General Obligation Bonds, |
No Opt. Call |
AA |
3,370,240 |
Series 2005B, 0.000%, 8/01/28 – AGM Insured |
||||
3,450 |
Antelope Valley Joint Union High School District, Los Angeles and Kern Counties, |
No Opt. Call |
Aa3 |
2,607,959 |
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) |
5,041,000 |
6,500 |
5.250%, 4/01/53 (Pre-refunded 4/01/23) |
4/23 at 100.00 |
A1 (4) |
6,559,930 |
10,000 |
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, |
4/24 at 100.00 |
Aa3 (4) |
10,249,400 |
Series 2014F-1, 5.000%, 4/01/54 (Pre-refunded 4/01/24) |
||||
8,000 |
Beverly Hills Unified School District, Los Angeles County, California, General |
No Opt. Call |
AA+ |
5,112,800 |
Obligation Bonds, Series 2009, 0.000%, 8/01/33 |
||||
Burbank Unified School District, Los Angeles County, California, General Obligation |
||||
Bonds, Election 2013, Series 2015A: |
||||
2,250 |
0.000%, 8/01/32 (Pre-refunded 2/01/25) (5) |
2/25 at 100.00 |
A+ (4) |
2,248,830 |
1,350 |
0.000%, 8/01/33 (Pre-refunded 2/01/25) (5) |
2/25 at 100.00 |
A+ (4) |
1,349,298 |
125 |
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, |
6/30 at 100.00 |
BBB– |
115,923 |
Los Angeles County Securitization Corporation, Series 2020B-1, 5.000%, 6/01/49 |
||||
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 |
3,147,325 |
5,890 |
0.000%, 10/01/24 – NPFG Insured |
No Opt. Call |
A2 |
5,476,169 |
7,615 |
0.000%, 10/01/25 – NPFG Insured |
No Opt. Call |
A2 |
6,796,387 |
1,350 |
0.000%, 10/01/39 – NPFG Insured |
No Opt. Call |
A2 |
575,532 |
110 |
California Health Facilities Financing Authority, Revenue Bonds, CommonSpirit Health, |
4/30 at 100.00 |
BBB+ |
84,905 |
Series 2020A, 4.000%, 4/01/49 |
||||
530 |
California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health |
7/23 at 100.00 |
AA– (4) |
536,328 |
System, Series 2013A, 5.000%, 7/01/37 (Pre-refunded 7/01/23) |
||||
1,500 |
California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, |
7/27 at 100.00 |
BBB– |
1,458,765 |
Refunding Series 2017A, 5.000%, 7/01/42 |
||||
965 |
California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series |
10/26 at 100.00 |
BBB– |
911,510 |
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+ |
2,970,639 |
Series 2013I, 5.000%, 11/01/38 |
||||
5,000 |
California State, General Obligation Bonds, Refunding Various Purpose Series 2017, |
8/26 at 100.00 |
AA– |
4,894,950 |
4.000%, 8/01/36 |
||||
5 |
California State, General Obligation Bonds, Series 2004, 5.000%, 4/01/31 – AMBAC Insured |
12/22 at 100.00 |
AA– |
5,008 |
9,130 |
California Statewide Communities Development Authority, California, Revenue Bonds, Loma |
6/26 at 100.00 |
BB– |
8,303,461 |
Linda University Medical Center, Series 2016A, 5.250%, 12/01/56, 144A |
||||
California Statewide Community Development Authority, Revenue Bonds, Daughters of |
||||
Charity Health System, Series 2005A: |
||||
128 |
5.750%, 7/01/30 2030 2030 (6),(7) |
1/22 at 100.00 |
N/R |
128,199 |
165 |
5.750%, 7/01/35 2035 2035 (6),(7) |
1/22 at 100.00 |
N/R |
164,569 |
197 |
5.500%, 7/01/39 (6),(7) |
1/22 at 100.00 |
N/R |
197,483 |
10,445 |
Castaic Lake Water Agency, California, Certificates of Participation, Water System |
No Opt. Call |
AA |
7,937,573 |
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) |
4,350,407 |
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+ (4) |
3,376,920 |
Obligation Bonds, Election of 2006, Series 2013, 5.000%, 8/01/38 (Pre-refunded 8/01/23) |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
California (continued) |
||||
$ 7,775 |
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, |
No Opt. Call |
BBB |
$ 4,554,206 |
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 |
0.000%, 1/15/42 (5) |
1/31 at 100.00 |
Baa2 |
923,304 |
3,350 |
5.750%, 1/15/46 (Pre-refunded 1/15/24) |
1/24 at 100.00 |
Baa2 (4) |
3,453,080 |
8,350 |
6.000%, 1/15/49 (Pre-refunded 1/15/24) |
1/24 at 100.00 |
Baa2 (4) |
8,628,389 |
118,565 |
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement |
12/31 at 27.75 |
N/R |
9,931,004 |
Asset-Backed Bonds, Capital Appreciation Series 2021B-2, 0.000%, 6/01/66 |
||||
5,000 |
Huntington Beach Union High School District, Orange County, California, General |
No Opt. Call |
AA– |
3,323,850 |
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 |
2,940,045 |
Improvement, Election 2002 Series 2006, 0.000%, 11/01/23 – AGM Insured |
||||
1,500 |
Lincoln Unified School District, Placer County, California, Special Tax Bonds, Community |
No Opt. Call |
N/R |
1,269,795 |
Facilities District 1, Series 2005, 0.000%, 9/01/26 – AMBAC Insured |
||||
995 |
Los Angeles Department of Water and Power, California, Electric Plant Revenue Bonds, |
12/22 at 100.00 |
N/R (4) |
996,711 |
Series 1994, 5.375%, 2/15/34 (ETM) |
||||
2,490 |
Madera Unified School District, Madera County, California, General Obligation Bonds, |
No Opt. Call |
Baa2 |
2,064,882 |
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 |
8,597,273 |
Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43 (5) |
||||
5,500 |
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, |
No Opt. Call |
BBB+ |
6,270,440 |
Series 2009B, 6.500%, 11/01/39 |
||||
120 |
Mt. Diablo Hospital District, California, Insured Hospital Revenue Bonds, Series 1993A, |
10/21 at 100.00 |
N/R (4) |
121,301 |
5.125%, 12/01/23 – AMBAC Insured (ETM) |
||||
14,100 |
New Haven Unified School District, California, General Obligation Bonds, Refunding |
No Opt. Call |
Aa3 |
8,576,748 |
Series 2009, 0.000%, 8/01/34 – AGC Insured |
||||
2,500 |
Norwalk La Mirada Unified School District, Los Angeles County, California, General |
No Opt. Call |
Aa3 |
1,904,875 |
Obligation Bonds, Election 2002 Series 2005B, 0.000%, 8/01/29 |
||||
1,865 |
Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue |
No Opt. Call |
Baa2 |
1,946,482 |
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: |
||||
1,745 |
5.000%, 8/15/34 (Pre-refunded 8/15/32) – NPFG Insured |
8/32 at 100.00 |
N/R (4) |
1,950,526 |
1,490 |
5.000%, 8/15/34 – NPFG Insured (ETM) |
5/21 at 100.00 |
Aa1 (4) |
1,632,265 |
1,000 |
Pajaro Valley Unified School District, Santa Cruz County, California, General Obligation |
No Opt. Call |
Aa3 |
759,940 |
Bonds, Series 2005B, 0.000%, 8/01/29 – AGM Insured |
||||
2,000 |
Palomar Pomerado Health, California, General Obligation Bonds, Capital Appreciation, |
No Opt. Call |
BBB– |
1,863,240 |
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 |
BBB– |
5,574,851 |
8/01/33 – AGC Insured |
||||
1,020 |
Pomona, California, GNMA/FHLMC Collateralized Single Family Mortgage Revenue Refunding |
No Opt. Call |
AA+ (4) |
1,040,706 |
Bonds, Series 1990B, 7.500%, 8/01/23 (ETM) |
||||
1,800 |
Rialto Unified School District, San Bernardino County, California, General Obligation |
No Opt. Call |
Aa3 |
1,433,430 |
Bonds, 2010 Election Series 2011A, 0.000%, 8/01/28 |
||||
625 |
Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, |
6/31 at 100.00 |
BBB+ |
522,150 |
RCTC 91 Express Lanes, Refunding Series 2021B-1, 4.000%, 6/01/46 |
||||
760 |
Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, |
6/23 at 100.00 |
BBB+ (4) |
771,696 |
Series 2013A, 5.750%, 6/01/44 (Pre-refunded 6/01/23) |
||||
515 |
San Bernardino, California, GNMA Mortgage-Backed Securities Program Single Family |
No Opt. Call |
AA+ (4) |
520,413 |
Mortgage Revenue Refunding Bonds, Series 1990A, 7.500%, 5/01/23 (ETM) |
||||
4,080 |
San Diego County Regional Airport Authority, California, Airport Revenue Bonds, |
7/27 at 100.00 |
A– |
4,024,471 |
Subordinate Series 2017A, 5.000%, 7/01/47 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
California (continued) |
||||
$ 4,000 |
San Francisco Airports Commission, California, Revenue Bonds, San Francisco |
5/23 at 100.00 |
A |
$ 3,968,840 |
International Airport, Governmental Purpose, Second Series 2013B, 5.000%, 5/01/43 |
||||
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 (Pre-refunded 1/15/25) |
1/25 at 100.00 |
BBB (4) |
11,006,404 |
32,725 |
5.000%, 1/15/50 (Pre-refunded 1/15/25) |
1/25 at 100.00 |
BBB (4) |
33,995,712 |
7,210 |
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road |
No Opt. Call |
Baa2 |
7,143,019 |
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+ |
2,374,520 |
Bonds, Series 2004A, 0.000%, 8/01/28 – NPFG Insured |
||||
4,005 |
San Mateo Union High School District, San Mateo County, California, General Obligation |
No Opt. Call |
AA+ |
3,464,966 |
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 |
6,771,240 |
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 |
A3 |
1,439,850 |
6,570 |
0.000%, 8/01/47 |
8/25 at 30.90 |
A3 |
1,781,258 |
2,630 |
Union Elementary School District, Santa Clara County, California, General Obligation |
No Opt. Call |
Baa2 |
2,379,335 |
Bonds, Series 2001B, 0.000%, 9/01/25 – FGIC Insured |
||||
426,635 |
Total California |
266,112,331 | ||
Colorado – 13.8% (8.0% of Total Investments) |
||||
1,365 |
Aerotropolis Regional Transportation Authority, Colorado, Special Revenue Bonds, Series |
12/24 at 102.00 |
N/R |
1,091,481 |
2019, 5.000%, 12/01/51 |
||||
6,600 |
Aerotropolis Regional Transportation Authority, Colorado, Special Revenue Bonds, Series |
12/26 at 103.00 |
N/R |
4,710,090 |
2021, 4.375%, 12/01/52 |
||||
2,500 |
Arapahoe County Water and Wastewater Authority, Colorado, Revenue Bonds, Refunding |
12/29 at 100.00 |
AA |
2,305,275 |
Series 2019, 4.000%, 12/01/38 |
||||
3,315 |
Aurora, Colorado, Sewer Improvement Revenue Bonds, Seam Facility and Other System |
8/31 at 100.00 |
AA+ |
2,931,256 |
Improvements Project, First Lien Series 2021, 4.000%, 8/01/46 |
||||
9,000 |
Boulder Valley School District RE2, Boulder County, Colorado, General Obligation Bonds, |
6/29 at 100.00 |
AA+ |
7,883,370 |
Series 2019A, 4.000%, 12/01/48 |
||||
500 |
Brighton Crossing Metropolitan District 6, Brighton, Colorado, Limited Tax General |
12/25 at 103.00 |
N/R |
395,195 |
Obligation Bonds, Series 2020A-3, 5.000%, 12/01/50 |
||||
1,150 |
Castle Oaks Metropolitan District 3, Castle Rock, Douglas County, Colorado, General |
12/30 at 100.00 |
A2 |
959,663 |
Obligation Limited Tax Bonds, Refunding & Improvement Series 2020, 4.000%, 12/01/50 – |
||||
AGM Insured |
||||
1,060 |
Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Improvement |
12/23 at 103.00 |
N/R |
928,125 |
Series 2018, 5.250%, 12/01/48 |
||||
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 |
1,432,777 |
3,620 |
5.000%, 12/01/47, 144A |
12/22 at 103.00 |
N/R |
3,078,412 |
1,250 |
Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, |
12/23 at 100.00 |
BBB– (4) |
1,276,137 |
Refunding Series 2013A, 5.375%, 12/01/33 (Pre-refunded 12/01/23) |
||||
115 |
Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, |
12/23 at 100.00 |
BB (4) |
116,707 |
Refunding Series 2014, 5.000%, 12/01/43 (Pre-refunded 12/01/23) |
||||
3,500 |
Cherokee Metropolitan District, Colorado, Water and Wastewater Revenue Bonds, Series |
8/30 at 100.00 |
AA |
2,969,505 |
2020, 4.000%, 8/01/50 – BAM Insured |
||||
1,700 |
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, |
7/24 at 100.00 |
BB |
1,591,489 |
Skyview Academy Project, Series 2014, 5.375%, 7/01/44, 144A |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Colorado (continued) |
||||
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 (Pre-refunded 6/01/27) |
6/27 at 100.00 |
N/R (4) |
$ 2,127,726 |
4,615 |
5.000%, 6/01/35 (Pre-refunded 6/01/27) |
6/27 at 100.00 |
N/R (4) |
4,897,484 |
7,205 |
5.000%, 6/01/36 (Pre-refunded 6/01/27) |
6/27 at 100.00 |
N/R (4) |
7,646,018 |
8,715 |
5.000%, 6/01/37 (Pre-refunded 6/01/27) |
6/27 at 100.00 |
N/R (4) |
9,248,445 |
4,105 |
5.000%, 6/01/42 (Pre-refunded 6/01/27) |
6/27 at 100.00 |
N/R (4) |
4,356,267 |
8,545 |
5.000%, 6/01/47 (Pre-refunded 6/01/27) |
6/27 at 100.00 |
N/R (4) |
9,068,040 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated |
||||
Group, Series 2021A: |
||||
9,750 |
4.000%, 11/15/46 |
11/31 at 100.00 |
AA |
8,087,138 |
22,605 |
4.000%, 11/15/50 |
11/31 at 100.00 |
AA |
18,338,080 |
3,000 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health |
5/28 at 100.00 |
AA |
3,003,030 |
System/Sunbelt Obligated Group, Series 2018A, 5.000%, 11/15/48 |
||||
5,000 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health |
1/23 at 100.00 |
BBB+ (4) |
5,015,950 |
Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23) |
||||
5,000 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Children’s Hospital |
12/23 at 100.00 |
A+ |
4,948,600 |
Colorado Project, Series 2013A, 5.000%, 12/01/36 |
||||
4,290 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living |
1/24 at 102.00 |
N/R |
3,724,835 |
Neighborhoods Project, Refunding Series 2016, 5.000%, 1/01/37 |
||||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, |
||||
Series 2019A-2: |
||||
9,225 |
5.000%, 8/01/44 |
8/29 at 100.00 |
BBB+ |
8,809,875 |
37,100 |
4.000%, 8/01/49 |
8/29 at 100.00 |
BBB+ |
28,928,725 |
3,410 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, |
11/32 at 100.00 |
N/R |
3,465,822 |
Series 2022A, 5.500%, 11/01/47 |
||||
4,600 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Living |
12/27 at 103.00 |
A– |
3,399,814 |
Communities & Services, Series 2020A, 4.000%, 12/01/50 |
||||
1,000 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good |
6/23 at 100.00 |
N/R (4) |
1,011,610 |
Samaritan Society Project, Series 2013, 5.625%, 6/01/43 (Pre-refunded 6/01/23) |
||||
750 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project, |
5/27 at 100.00 |
BB+ |
704,925 |
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 |
Baa1 |
1,339,830 |
Refunding Series 2015B, 4.000%, 9/01/34 |
||||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center, |
||||
Series 2020A: |
||||
7,080 |
4.000%, 9/01/45 |
9/30 at 100.00 |
Baa1 |
5,608,634 |
3,000 |
4.000%, 9/01/50 |
9/30 at 100.00 |
Baa1 |
2,219,970 |
5,275 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sanford Health, Series |
11/29 at 100.00 |
A+ |
4,591,466 |
2019A, 4.000%, 11/01/39 |
||||
3,300 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, SCL Health System, |
1/30 at 100.00 |
AA– |
3,093,717 |
Refunding Series 2019A, 4.000%, 1/01/38 |
||||
10,265 |
Colorado Health Facilities Authority, Colorado, Revenue Bonds, SCL Health System, |
1/30 at 100.00 |
AA– |
9,412,800 |
Refunding Series 2019B, 4.000%, 1/01/40 |
||||
4,150 |
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds, |
12/24 at 100.00 |
BBB |
3,879,835 |
Senior Lien Series 2017, 5.000%, 12/31/56 |
||||
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 |
1,789,525 |
2,660 |
5.875%, 12/01/46 |
12/23 at 103.00 |
N/R |
2,371,709 |
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+ |
2,059,080 |
1,225 |
5.000%, 12/01/47 |
12/27 at 100.00 |
A+ |
1,252,661 |
1,500 |
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System |
3/27 at 100.00 |
A+ (4) |
1,602,945 |
Revenue Bonds, Refunding Series 2016B, 5.000%, 3/01/41 (Pre-refunded 3/01/27) |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Colorado (continued) |
||||
$ 2,000 |
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System |
9/27 at 100.00 |
AA |
$ 1,839,380 |
Revenue Bonds, Refunding Series 2017A, 4.000%, 3/01/40 |
||||
6,500 |
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System |
3/28 at 100.00 |
AA |
5,836,090 |
Revenue Bonds, Refunding Series 2017E, 4.000%, 3/01/43 |
||||
8,000 |
Colorado State, Building Excellent Schools Today, Certificates of Participation, Series |
3/30 at 100.00 |
AA– |
6,900,800 |
2020R, 4.000%, 3/15/45 |
||||
2,550 |
Colorado State, Certificates of Participation, Lease Purchase Agreement Department of |
6/30 at 100.00 |
AA– |
2,279,318 |
Transportation Second Amended & Restated Headquarters Facilities, Refunding Series 2020, |
||||
4.000%, 6/15/41 |
||||
5,000 |
Colorado State, Certificates of Participation, Rural Series 2018A, 4.000%, 12/15/35 |
12/28 at 100.00 |
AA– |
4,738,200 |
Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2016: |
||||
7,115 |
5.000%, 8/01/41 (Pre-refunded 8/01/26) |
8/26 at 100.00 |
A1 (4) |
7,520,768 |
1,000 |
5.000%, 8/01/46 (Pre-refunded 8/01/26) |
8/26 at 100.00 |
A1 (4) |
1,057,030 |
1,250 |
Copper Ridge Metropolitan District, Colorado Springs, Colorado, Tax Increment and Sales |
12/24 at 103.00 |
N/R |
1,090,188 |
Tax Supported Revenue Bonds, Series 2019, 5.000%, 12/01/39 |
||||
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2022B: |
||||
2,930 |
5.000%, 11/15/47 |
11/32 at 100.00 |
AA– |
3,000,320 |
1,700 |
5.250%, 11/15/53 |
11/32 at 100.00 |
AA– |
1,755,658 |
12,900 |
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series |
11/23 at 100.00 |
A |
12,781,320 |
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 |
2,446,950 |
2018B, 5.000%, 12/01/48 |
||||
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center |
||||
Hotel, Refunding Senior Lien Series 2016: |
||||
5,120 |
5.000%, 12/01/32 |
12/26 at 100.00 |
BBB– |
5,152,973 |
2,935 |
5.000%, 12/01/35 |
12/26 at 100.00 |
BBB– |
2,911,314 |
1,800 |
5.000%, 12/01/40 |
12/26 at 100.00 |
BBB– |
1,731,366 |
355 |
Denver Urban Renewal Authority, Colorado, Tax Increment Revenue Bonds, 9th and Colorado |
12/23 at 103.00 |
N/R |
345,230 |
Urban Redevelopment Area, Series 2018A, 5.250%, 12/01/39, 144A |
||||
1,500 |
DIATC Metropolitan District, Commerce City, Adams County, Colorado, General Obligation |
9/24 at 103.00 |
N/R |
1,218,225 |
Limited Tax Bonds, Refunding & Improvement Series 2019, 5.000%, 12/01/49, 144A |
||||
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B: |
||||
45,540 |
0.000%, 9/01/30 – NPFG Insured |
No Opt. Call |
A |
32,333,855 |
16,635 |
0.000%, 9/01/32 – NPFG Insured |
No Opt. Call |
A |
10,589,176 |
49,250 |
0.000%, 9/01/33 – NPFG Insured |
No Opt. Call |
A |
29,573,148 |
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A: |
||||
9,310 |
0.000%, 9/01/28 – NPFG Insured |
No Opt. Call |
A |
7,279,955 |
2,900 |
0.000%, 9/01/34 – NPFG Insured |
No Opt. Call |
A |
1,642,067 |
18,500 |
0.000%, 3/01/36 – NPFG Insured |
No Opt. Call |
A |
9,575,600 |
1,200 |
El Paso County School District 3, Widefield, Colorado, Certificates of Participation, |
12/31 at 100.00 |
AA |
1,018,464 |
Recreation Facility Project, Series 2021, 4.000%, 12/01/46 – AGM Insured |
||||
5,950 |
Falcon Area Water and Wastewater Authority (El Paso County, Colorado), Tap Fee Revenue |
9/27 at 103.00 |
N/R |
5,490,006 |
Bonds, Series 2022A, 6.750%, 12/01/34, 144A |
||||
2,450 |
Firestone, Colorado, Water Enterprise Revenue Bones, Series 2020, 4.000%, 12/01/49 – |
12/30 at 100.00 |
AA |
2,073,288 |
BAM Insured |
||||
1,755 |
Flying Horse Metropolitan District 2, El Paso County, Colorado, General Obligation |
12/30 at 100.00 |
A2 |
1,464,530 |
Limited Tax Bonds, Refunding & Improvement Series 2020A, 4.000%, 12/01/50 – AGM Insured |
||||
3,000 |
Foothills Park and Recreation District, Jefferson County, Colorado, Lease Revenue Bonds, |
12/31 at 100.00 |
AA– |
2,668,740 |
Certificates of Participation, Series 2021, 4.000%, 12/01/41 |
||||
5,700 |
Johnstown, Colorado, Wastewater Revenue Bonds, Series 2021, 4.000%, 12/01/46 – |
12/31 at 100.00 |
AA |
4,853,379 |
AGM Insured |
||||
5,000 |
Leyden Rock Metropolitan District, Arvada, Jefferson County, Colorado, General |
12/31 at 100.00 |
A3 |
4,086,400 |
Obligation Limited Tax Bonds, Convertible to Unlimited Tax, Refunding & Improvement Series |
||||
2021, 4.000%, 12/01/51 – AGM Insured |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Colorado (continued) |
||||
$ 2,000 |
Little Thompson Water District, Colorado, Water Revenue Bonds, Series 2020, |
12/30 at 100.00 |
AA– |
$ 1,692,620 |
4.000%, 12/01/50 |
||||
1,000 |
Lorson Ranch Metropolitan District 2, El Paso County, Colorado, Limited Tax General |
12/26 at 100.00 |
BBB+ |
1,007,180 |
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+ |
989,060 |
2017, 4.000%, 12/01/36 |
||||
1,230 |
Morgan County Quality Water District, Morgan and Washington Counties, Colorado, Water |
12/30 at 100.00 |
AA |
1,040,543 |
Revenue Bonds, Series 2020, 4.000%, 12/01/50 – AGM Insured |
||||
1,250 |
North Pine Vistas Metropolitan District 3, Castle Pines, Douglas County, Colorado, |
12/31 at 100.00 |
A1 |
1,012,975 |
Limited Tax General Obligation Bonds, Refunding & Improvement Senior Series 2021A, 4.000%, |
||||
12/01/51 – AGM Insured |
||||
1,085 |
North Range Metropolitan District 2, Adams County, Colorado , Limited Tax General |
12/22 at 103.00 |
N/R |
1,019,075 |
Obligation Bonds, Refunding Special Revenue & Improvement Series 2017A, 5.750%, 12/01/47 |
||||
5,000 |
Northern Colorado Water Conservancy District Building Corporation, Certificates of |
7/31 at 100.00 |
AA+ |
4,226,500 |
Participation, Refunding Series 2021, 4.000%, 7/01/51 |
||||
4,250 |
Northern Colorado Water Conservancy District, Certificates of Participation, Series |
7/31 at 100.00 |
Aa1 |
4,434,747 |
2022, 5.250%, 7/01/52 |
||||
1,220 |
Overlook Metropolitan District, Parker, Douglas County, Colorado, General Obligation |
12/31 at 100.00 |
Baa3 |
1,106,150 |
Limited Tax Bonds, Convertible to Unlimited Tax Refunding Series 2021A, 4.000%, 12/01/51 – |
||||
BAM Insured |
||||
20,000 |
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported |
12/25 at 100.00 |
A |
20,172,800 |
Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45 |
||||
3,040 |
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported |
12/29 at 100.00 |
A |
2,946,155 |
Revenue Bonds, Series 2019A, 4.000%, 12/01/37 – AGM Insured |
||||
3,000 |
Parker Water and Sanitation District, Douglas County, Colorado, Water and Sewer |
11/32 at 100.00 |
AA+ |
2,638,830 |
Enterprise Revenue Bonds, Refunding & Improvement Series 2022, 4.000%, 11/01/47 |
||||
600 |
Pueblo Urban Renewal Authority, Colorado, Tax Increment Revenue Bonds, EVRAZ Project, |
12/30 at 100.00 |
N/R |
463,488 |
Series 2021A, 4.750%, 12/01/45, 144A |
||||
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 |
A2 |
9,054,683 |
3,600 |
5.000%, 12/01/47 |
12/27 at 100.00 |
A2 |
3,700,764 |
2,350 |
Roaring Fork Transportation Authority, Colorado, Property Tax Revenue Bonds, Series |
12/31 at 100.00 |
AA– |
2,019,378 |
2021A, 4.000%, 12/01/46 |
||||
1,000 |
Sky Ranch Community Authority Board (Arapahoe County, Colorado), Limited Tax Supported |
9/27 at 103.00 |
N/R |
862,780 |
District No. 3 Senior Bonds (Tax-Exempt Fixed Rate), Series 2022A and Subordinate Bonds |
||||
(Tax-Exempt Fixed Rate), Series 2022B(3), 5.750%, 12/01/52, 144A |
||||
1,000 |
STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General |
12/24 at 103.00 |
N/R |
850,370 |
Obligation and Special Revenue Bonds, Refunding & improvement Series 2019A, 5.000%, 12/01/49 |
||||
3,250 |
Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General |
12/26 at 100.00 |
AA |
3,335,247 |
Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Series 2016B, 5.000%, 12/01/46 – |
||||
AGM Insured |
||||
Thompson Crossing Metropolitan District 6, Larimer County, Colorado, General Obligation |
||||
Limited Tax Bonds, Refunding & Improvement Convertible to Unlimited Tax Series 2020: |
||||
835 |
3.000%, 12/01/30, 144A |
No Opt. Call |
Ba2 |
667,499 |
1,300 |
5.000%, 12/01/44, 144A |
12/30 at 100.00 |
Ba2 |
1,136,798 |
995 |
Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, |
3/26 at 103.00 |
N/R |
733,763 |
General Obligation Limited Bonds, Series 2021A-1, 5.000%, 12/01/51 |
||||
1,000 |
Triview Metropolitan District, El Paso County, Colorado, Water and Wastewater Enterprise |
12/28 at 100.00 |
A3 |
740,030 |
Revenue Bonds, Green Series 2020, 3.250%, 12/01/45 – BAM Insured |
||||
2,500 |
University of Colorado, Enterprise System Revenue Bonds, Refunding Green Series 2021A, |
6/31 at 100.00 |
Aa1 |
2,175,625 |
4.000%, 6/01/46 |
||||
14,500 |
University of Colorado, Enterprise System Revenue Bonds, Series 2014A, 5.000%, 6/01/46 |
6/24 at 100.00 |
Aa1 (4) |
14,872,215 |
(Pre-refunded 6/01/24) |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Colorado (continued) |
||||
$ 2,500 |
Vista Ridge Metropolitan District, In the Town of Erie, Weld County, Colorado, General |
12/26 at 100.00 |
A2 |
$ 2,460,250 |
Obligation Refunding Bonds, Series 2016A, 4.000%, 12/01/36 – BAM Insured |
||||
5,000 |
Weld County School District 6, Greeley, Colorado, General Obligation Bonds, Series 2020, |
12/29 at 100.00 |
AA |
5,273,700 |
5.000%, 12/01/40 |
||||
2,175 |
Weld County School District RE1, Colorado, General Obligation Bonds, Series 2017, |
12/26 at 100.00 |
AA |
2,292,907 |
5.000%, 12/15/30 |
||||
7,810 |
West Globeville Metropolitan District 1, Denver, Colorado, General Obligation Limited |
12/29 at 103.00 |
N/R |
6,790,873 |
Tax Bonds, Series 2022, 6.750%, 12/01/52 |
||||
500 |
Westerly Metropolitan District 4, Weld County, Colorado, General Obligation Limited Tax |
3/26 at 103.00 |
N/R |
397,220 |
Bonds, Series 2021A-1, 5.000%, 12/01/50 |
||||
558,120 |
Total Colorado |
473,042,001 | ||
Connecticut – 0.9% (0.5% of Total Investments) |
||||
1,650 |
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield |
7/26 at 100.00 |
A– |
1,670,740 |
University, Series 2016Q-1, 5.000%, 7/01/46 |
||||
10,000 |
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford |
7/31 at 100.00 |
N/R |
8,267,200 |
HealthCare Issue, Series 2021A, 4.000%, 7/01/51 |
||||
2,800 |
Connecticut Health and Educational Facilities Authority, Revenue Bonds, McLean |
1/26 at 102.00 |
BB+ |
2,409,848 |
Affiliates, Series 2020A, 5.000%, 1/01/55, 144A |
||||
7,165 |
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac |
7/25 at 100.00 |
A– |
7,164,928 |
University, Refunding Series 2015L, 5.000%, 7/01/45 |
||||
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 |
513,385 |
2,425 |
5.000%, 7/01/42 |
7/27 at 100.00 |
A3 |
2,431,354 |
7,500 |
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, |
5/30 at 100.00 |
AA– |
7,933,725 |
Series 2020A, 5.000%, 5/01/37 |
||||
32,040 |
Total Connecticut |
30,391,180 | ||
Delaware – 0.4% (0.2% of Total Investments) |
||||
3,350 |
Delaware Health Facilities Authority, Revenue Bonds, Nanticoke Memorial Hospital, Series |
7/23 at 100.00 |
AA– (4) |
3,389,329 |
2013, 5.000%, 7/01/32 (Pre-refunded 7/01/23) |
||||
1,000 |
Delaware Health Facilities Authority, Revenue Bonds, Beebe Medical Center Project, |
12/28 at 100.00 |
BBB |
951,690 |
Series 2018, 5.000%, 6/01/48 |
||||
9,070 |
Delaware Transportation Authority, Revenue Bonds, US 301 Project, Series 2015, |
6/25 at 100.00 |
AA– |
9,072,630 |
5.000%, 6/01/55 |
||||
13,420 |
Total Delaware |
13,413,649 | ||
District of Columbia – 4.0% (2.3% of Total Investments) |
||||
1,250 |
District of Columbia Student Dormitory Revenue Bonds, Provident Group – Howard |
11/22 at 100.00 |
BB– |
1,147,750 |
Properties LLC Issue, Series 2013, 5.000%, 10/01/45 |
||||
107,000 |
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed |
12/22 at 23.49 |
N/R |
20,733,390 |
Bonds, Series 2006A, 0.000%, 6/15/46 |
||||
9,500 |
District of Columbia, General Obligation Bonds, Series 2021D, 4.000%, 2/01/46 |
2/31 at 100.00 |
AA+ |
8,577,075 |
District of Columbia, Revenue Bonds, Georgetown University, Refunding Series 2017: |
||||
3,500 |
5.000%, 4/01/35 |
4/27 at 100.00 |
A– |
3,561,425 |
3,440 |
5.000%, 4/01/36 |
4/27 at 100.00 |
A– |
3,496,485 |
60 |
5.000%, 4/01/36 (Pre-refunded 4/01/27) |
4/27 at 100.00 |
N/R (4) |
63,935 |
Metropolitan Washington Airports Authority, Virginia, District of Columbia, Dulles Toll |
||||
Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate |
||||
Lien Series 2019B: |
||||
12,455 |
4.000%, 10/01/44 |
10/29 at 100.00 |
Baa2 |
10,424,461 |
5,000 |
5.000%, 10/01/47 |
10/29 at 100.00 |
Baa2 |
4,856,200 |
13,710 |
4.000%, 10/01/49 |
10/29 at 100.00 |
Baa2 |
11,056,567 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
District of Columbia (continued) |
||||
$ 17,000 |
Metropolitan Washington Airports Authority, Virginia, District of Columbia, Dulles Toll |
10/31 at 100.00 |
A1 |
$ 13,939,660 |
Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior |
||||
Lien Series 2022A, 4.000%, 10/01/52 – AGM Insured |
||||
7,000 |
Metropolitan Washington Airports Authority, Virginia, District of Columbia, Dulles Toll |
No Opt. Call |
A3 |
3,560,760 |
Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien |
||||
Series 2009B, 0.000%, 10/01/36 – AGC Insured |
||||
32,000 |
Metropolitan Washington Airports Authority, Virginia, District of Columbia, Dulles Toll |
10/26 at 100.00 |
A3 (4) |
35,594,880 |
Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien |
||||
Series 2009C, 6.500%, 10/01/41 (Pre-refunded 10/01/26) – AGC Insured |
||||
18,000 |
Metropolitan Washington Airports Authority, Virginia, District of Columbia, Dulles Toll |
10/28 at 100.00 |
Baa1 |
19,546,740 |
Road Revenue Bonds, Dulles Metrorail Capital Appreciation, Second Senior Lien Series 2010B, |
||||
6.500%, 10/01/44 |
||||
1,195 |
Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue |
7/30 at 100.00 |
AA |
1,039,506 |
Bonds, Series 2020A, 4.000%, 7/15/45 |
||||
231,110 |
Total District of Columbia |
137,598,834 | ||
Florida – 7.6% (4.4% of Total Investments) |
||||
2,800 |
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter |
9/23 at 100.00 |
BBB |
2,745,820 |
Academy, Inc. Project, Series 2016, 5.000%, 9/01/46 |
||||
2,830 |
City of Miami Beach, Florida, Stormwater Revenue Bonds, Series 2015, 5.000%, 9/01/41 |
9/25 at 100.00 |
AA– |
2,920,164 |
810 |
Cocoa, Florida, Water and Sewer System Revenue Bonds, Refunding Series 2003, 5.500%, |
No Opt. Call |
AA |
824,386 |
10/01/23 – AMBAC Insured |
||||
3,570 |
Collier County Educational Facilities Authority, Florida, Revenue Bonds, Hodges |
11/23 at 100.00 |
N/R (4) |
3,668,104 |
University, Refunding Series 2013, 6.125%, 11/01/43 (Pre-refunded 11/01/23) |
||||
5,810 |
Collier County, Florida, Tourist Development Tax Revenue Bonds, Series 2018, |
10/28 at 100.00 |
Aa3 |
5,136,330 |
4.000%, 10/01/43 |
||||
Davie, Florida, Educational Facilities Revenue Bonds, Nova Southeastern University |
||||
Project, Series 2013A: |
||||
8,555 |
6.000%, 4/01/42 (Pre-refunded 4/01/23) |
4/23 at 100.00 |
Baa1 (4) |
8,652,955 |
4,280 |
5.625%, 4/01/43 (Pre-refunded 4/01/23) |
4/23 at 100.00 |
Baa1 (4) |
4,322,800 |
530 |
Florida Development Finance Corporation, Educational Facilities Revenue Bonds, |
9/27 at 100.00 |
N/R |
447,320 |
Renaissance Charter School, Inc. Projects, Series 2020C, 5.000%, 9/15/50, 144A |
||||
Florida Municipal Loan Council, Revenue Bonds, Series 2000B: |
||||
1,040 |
0.000%, 11/01/25 – NPFG Insured |
No Opt. Call |
Baa2 |
908,731 |
1,590 |
0.000%, 11/01/26 – NPFG Insured |
No Opt. Call |
Baa2 |
1,324,661 |
2,000 |
Fort Myers, Florida, Utility System Revenue Bonds, Refunding Series 2019A, 4.000%, 10/01/49 |
10/28 at 100.00 |
A+ |
1,685,660 |
15,000 |
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International |
10/28 at 100.00 |
A+ |
15,115,050 |
Airport, Series 2018F, 5.000%, 10/01/48 (UB) (8) |
||||
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International |
||||
Airport, Subordinate Lien Series 2015B: |
||||
5,730 |
5.000%, 10/01/40 (Pre-refunded 10/01/24) |
10/24 at 100.00 |
A (4) |
5,916,282 |
12,885 |
5.000%, 10/01/44 (Pre-refunded 10/01/24) |
10/24 at 100.00 |
A (4) |
13,303,892 |
13,480 |
Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, |
2/31 at 100.00 |
Baa1 |
10,235,364 |
Florida Health Sciences Center Inc D/B/A Tampa General Hospital, Series 2020A, |
||||
4.000%, 8/01/50 |
||||
2,500 |
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015, |
11/24 at 100.00 |
A2 |
2,447,175 |
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 |
3,778,948 |
19,145 |
5.000%, 2/01/44 – AGM Insured |
2/24 at 100.00 |
A1 |
18,482,583 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Florida (continued) |
||||
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 |
BB+ |
$ 182,645 |
5,035 |
5.125%, 7/01/46 |
7/27 at 100.00 |
BB+ |
4,054,131 |
7,390 |
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University |
4/25 at 100.00 |
A– |
7,342,778 |
of Miami, Series 2015A, 5.000%, 4/01/45 |
||||
17,925 |
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University |
4/28 at 100.00 |
A– |
17,610,237 |
of Miami, Series 2018A, 5.000%, 4/01/53 |
||||
10,000 |
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series |
12/22 at 100.00 |
BBB+ |
10,036,400 |
2010A, 5.000%, 7/01/35 |
||||
5,560 |
Miami-Dade County Health Facility Authority, Florida, Hospital Revenue Bonds, Nicklaus |
8/31 at 100.00 |
A |
4,450,335 |
Children’s Hospital Project, Refunding Series 2021A, 4.000%, 8/01/51 |
||||
1,210 |
Miami-Dade County Industrial Development Authority, Florida, Revenue Bonds, Doral |
1/28 at 100.00 |
BBB– |
1,142,095 |
Academy, Seres 2018, 5.000%, 1/15/37 |
||||
1,000 |
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, |
10/24 at 100.00 |
A– |
1,002,910 |
Refunding Series 2014B, 5.000%, 10/01/37 |
||||
14,015 |
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2016A, |
10/26 at 100.00 |
A– |
13,941,982 |
5.000%, 10/01/41 |
||||
4,715 |
Miami-Dade County, Florida, Public Facilities Revenue Bonds, Jackson Health System, |
6/27 at 100.00 |
Aa3 |
4,790,157 |
Series 2017, 5.000%, 6/01/38 |
||||
7,000 |
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2018, |
7/28 at 100.00 |
AA |
5,750,780 |
4.000%, 7/01/48 |
||||
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2019B: |
||||
6,000 |
4.000%, 10/01/44 |
10/29 at 100.00 |
A+ |
5,196,840 |
3,965 |
4.000%, 10/01/49 |
10/29 at 100.00 |
A+ |
3,308,317 |
2,400 |
New Smyrna Beach Utilities Commission, Florida, Utility System Revenue Certificates, |
4/30 at 100.00 |
Aa2 |
2,039,952 |
Refunding Series 2020, 4.000%, 10/01/49 |
||||
27,000 |
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando |
4/32 at 100.00 |
A2 |
21,014,370 |
Health Obligated Group, Inc., Series 2022, 4.000%, 10/01/52 |
||||
1,095 |
Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Refunding & |
10/29 at 91.18 |
BBB– |
627,950 |
Improvement Capital Appreciation Series 2019A-2, 0.000%, 10/01/32 |
||||
4,250 |
Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Refunding & |
10/29 at 100.00 |
BBB– |
3,859,085 |
Improvement Series 2019A-1, 5.000%, 10/01/49 |
||||
5,680 |
Palm Beach County Health Facilities Authority, Florida, Retirement Communities Revenue |
11/26 at 100.00 |
A– |
5,600,593 |
Bonds, ACTS Retirement – Life Communities, Inc Obligated Group, Series 2016, 5.000%, 11/15/32 |
||||
12,170 |
Sarasota County Public Hospital District, Florida, Hospital Revenue Bonds, Sarasota |
7/28 at 100.00 |
A1 |
10,075,178 |
Memorial Hospital Project, Series 2018, 4.000%, 7/01/48 |
||||
6,625 |
South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015, |
5/25 at 100.00 |
Aa3 |
6,319,389 |
4.000%, 5/01/33 |
||||
South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health |
||||
Systems of South Florida Obligated Group, Refunding Series 2017: |
||||
8,000 |
5.000%, 8/15/42 |
8/27 at 100.00 |
A1 |
7,885,920 |
8,595 |
5.000%, 8/15/47 |
8/27 at 100.00 |
A1 |
8,313,342 |
1,760 |
Tampa Sports Authority, Hillsborough County, Florida, Sales Tax Payments Special Purpose |
No Opt. Call |
Baa2 |
1,823,078 |
Bonds, Stadium Project, Series 1995, 5.750%, 10/01/25 – NPFG Insured |
||||
4,000 |
Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2016A, |
5/26 at 100.00 |
Aa2 |
3,398,760 |
4.000%, 11/15/46 |
||||
345 |
Tampa, Florida, Revenue Bonds, H. Lee Moffitt Cancer Center and Research Institute, |
7/30 at 100.00 |
A– |
305,735 |
Series 2020B, 4.000%, 7/01/39 |
||||
2,000 |
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle |
4/25 at 100.00 |
A2 (4) |
2,074,980 |
Aeronautical University, Series 2015B, 5.000%, 10/15/45 (Pre-refunded 4/15/25) |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Florida (continued) |
||||
$ 7,400 |
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson |
6/25 at 100.00 |
A– |
$ 7,274,200 |
University Inc. Project, Series 2015, 5.000%, 6/01/45 |
||||
281,705 |
Total Florida |
261,338,364 | ||
Georgia – 3.9% (2.3% of Total Investments) |
||||
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2015: |
||||
3,400 |
5.000%, 11/01/33 (Pre-refunded 5/01/25) |
5/25 at 100.00 |
AA– (4) |
3,542,052 |
2,040 |
5.000%, 11/01/35 (Pre-refunded 5/01/25) |
5/25 at 100.00 |
AA– (4) |
2,125,231 |
1,755 |
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 1999A, 5.500%, 11/01/22 – |
No Opt. Call |
AA– |
1,755,000 |
FGIC Insured |
||||
10,235 |
Clarke County Hospital Authority, Georgia, Revenue Anticipation Certificates, Piedmont |
7/26 at 100.00 |
N/R |
9,969,402 |
Healthcare, Inc. Project, Series 2016A, 5.000%, 7/01/46 |
||||
2,000 |
Cobb County Kennestone Hospital Authority, Georgia, Revenue Anticipation Certificates, |
4/27 at 100.00 |
A |
1,981,580 |
Wellstar Health System, Series 2017A, 5.000%, 4/01/42 |
||||
5,300 |
Crisp County Hospital Authority, Georgia, Revenue Anticipation Certificates, Crisp |
7/31 at 100.00 |
A1 |
4,450,463 |
County Hospital Project, Series 2021, 4.000%, 7/01/46 |
||||
5,725 |
Fayette County Hospital Authority, Georgia, Revenue Anticipation Certificates, Piedmont |
7/26 at 100.00 |
A1 |
5,576,436 |
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 |
4,290,121 |
13,670 |
5.000%, 4/01/47 |
4/27 at 100.00 |
A |
13,080,549 |
6,370 |
4.000%, 4/01/50 |
4/30 at 100.00 |
A |
5,074,724 |
10,130 |
Fulton County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc. |
7/29 at 100.00 |
A1 |
8,166,097 |
Project, Series 2019A, 4.000%, 7/01/49 |
||||
12,590 |
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation |
2/25 at 100.00 |
AA (4) |
13,197,090 |
Certificates, Northeast Georgia Health Services Inc., Series 2014A, 5.500%, 8/15/54 |
||||
(Pre-refunded 2/15/25) |
||||
7,500 |
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation |
2/27 at 100.00 |
AA |
7,793,325 |
Certificates, Northeast Georgia Health Services Inc., Series 2017B, 5.500%, 2/15/42 |
||||
2,000 |
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation |
2/31 at 100.00 |
A |
1,746,820 |
Certificates, Northeast Georgia Health Services Inc., Series 2021A, 4.000%, 2/15/40 |
||||
2,935 |
Georgia Ports Authority, Revenue Bonds, Series 2021, 4.000%, 7/01/51 |
7/31 at 100.00 |
AA |
2,480,955 |
11,000 |
Griffin-Spalding County Hospital Authority, Georgia, Revenue Anticipation Certificates, |
4/27 at 100.00 |
A |
9,524,130 |
Wellstar Health System Inc., Series 2017A, 4.000%, 4/01/42 |
||||
1,350 |
Henry County Water and Sewerage Authority, Georgia, Revenue Bonds, Refunding Series |
No Opt. Call |
AA+ |
1,451,007 |
2005, 5.250%, 2/01/27 |
||||
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2019A: |
||||
1,860 |
5.000%, 5/15/43 |
5/29 at 100.00 |
A3 |
1,746,038 |
17,100 |
5.000%, 5/15/49 |
No Opt. Call |
A3 |
15,740,892 |
7,905 |
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project J Bonds, |
7/25 at 100.00 |
Baa1 |
7,297,501 |
Series 2015A, 5.000%, 7/01/60 |
||||
330 |
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project M Bonds, |
1/30 at 100.00 |
BBB+ |
308,065 |
Series 2021A, 5.000%, 1/01/56 |
||||
8,230 |
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, |
10/25 at 100.00 |
Baa1 |
8,209,590 |
Series 2015, 5.000%, 10/01/40 |
||||
5,000 |
Rockdale County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc. |
7/29 at 100.00 |
A1 |
4,186,750 |
Project, Series 2019A, 4.000%, 7/01/44 |
||||
675 |
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Anticipation |
10/29 at 100.00 |
AA– |
635,215 |
Certificates, Refunding Series 2019A, 4.000%, 10/01/38 |
||||
143,430 |
Total Georgia |
134,329,033 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
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 |
Baa2 (4) |
$ 4,120,900 |
2013, 5.500%, 7/01/43 (Pre-refunded 7/01/23) |
||||
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 |
275,897 |
University, Series 2013A, 6.875%, 7/01/43, 144A |
||||
Idaho – 0.3% (0.1% of Total Investments) |
||||
7,885 |
Idaho Health Facilities Authority, Revenue Bonds, Saint Luke’s Health System Project, |
3/32 at 100.00 |
A3 |
6,184,127 |
Series 2021A, 4.000%, 3/01/51 |
||||
2,330 |
Idaho Housing and Finance Association, GNMA Housing Revenue Refunding Bonds, Wedgewood |
11/22 at 101.00 |
Aaa |
2,359,544 |
Terrace Project, Series 2002A-1, 7.250%, 3/20/37 |
||||
10,215 |
Total Idaho |
8,543,671 | ||
Illinois – 16.6% (9.7% 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 |
1,062,150 |
285 |
5.000%, 4/01/37 – AGM Insured |
4/28 at 100.00 |
A2 |
299,783 |
1,370 |
5.000%, 4/01/38 – AGM Insured |
4/28 at 100.00 |
A2 |
1,438,144 |
Bolingbrook, Will and DuPage Counties, Illinois, General Obligation Bonds, Refunding |
||||
Series 2002B: |
||||
4,595 |
0.000%, 1/01/32 – FGIC Insured |
No Opt. Call |
A2 |
3,001,730 |
4,000 |
0.000%, 1/01/34 – FGIC Insured |
No Opt. Call |
A2 |
2,344,080 |
11,000 |
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, |
4/27 at 100.00 |
A– |
11,199,650 |
Series 2016, 6.000%, 4/01/46 |
||||
5,000 |
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, |
12/27 at 100.00 |
BB |
4,744,550 |
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 |
BB |
6,027,182 |
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 |
11,961,815 |
Series 2016A, 7.000%, 12/01/44 |
||||
1,785 |
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, |
12/26 at 100.00 |
BB |
1,844,119 |
Series 2016B, 6.500%, 12/01/46 |
||||
23,535 |
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, |
12/27 at 100.00 |
BB |
24,994,876 |
Series 2017A, 7.000%, 12/01/46, 144A |
||||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, |
||||
Series 2021A: |
||||
1,500 |
5.000%, 12/01/38 |
12/30 at 100.00 |
BB |
1,368,930 |
1,750 |
5.000%, 12/01/40 |
12/30 at 100.00 |
BB |
1,579,183 |
1,000 |
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated |
No Opt. Call |
BB |
1,035,740 |
Tax Revenues, Series 1999A, 5.500%, 12/01/26 – NPFG Insured |
||||
4,000 |
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Second Lien |
12/29 at 100.00 |
A+ |
3,097,480 |
Series 2020A, 4.000%, 12/01/50 |
||||
9,285 |
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2014, |
12/24 at 100.00 |
AA |
9,332,168 |
5.250%, 12/01/49 |
||||
22,670 |
Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999, 0.000%, 1/01/25 – |
No Opt. Call |
BBB– |
20,724,687 |
FGIC Insured |
||||
10,565 |
Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, |
1/27 at 100.00 |
BBB– |
10,763,728 |
6.000%, 1/01/38 |
||||
4,000 |
Chicago, Illinois, General Obligation Bonds, Series 2019A, 5.000%, 1/01/40 |
1/29 at 100.00 |
BBB– |
3,745,560 |
5,000 |
Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago |
12/23 at 100.00 |
BBB |
4,782,850 |
City Colleges, Series 2013, 5.250%, 12/01/43 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Illinois (continued) |
||||
$ 4,500 |
Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago |
12/27 at 100.00 |
A+ |
$ 4,522,410 |
City Colleges, Series 2017, 5.000%, 12/01/47 |
||||
3,500 |
Evanston, Cook County, Illinois, General Obligation Bonds, Corporate Purpose Series |
6/28 at 100.00 |
Aa2 |
3,084,620 |
2018A, 4.000%, 12/01/43 |
||||
Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural |
||||
History, Series 2002.RMKT: |
||||
2,750 |
3.900%, 11/01/36 |
11/27 at 102.00 |
A |
2,562,313 |
5,265 |
5.500%, 11/01/36 |
11/23 at 100.00 |
A |
5,383,357 |
3,215 |
Illinois Finance Authority, Health Services Facility Lease Revenue Bonds, Provident |
10/30 at 100.00 |
BBB+ |
2,467,448 |
Group – UIC Surgery Center, LLC – University of Illinois Health Services Facility Project, |
||||
Series 2020, 4.000%, 10/01/50 |
||||
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 |
3,614,415 |
25,880 |
4.000%, 2/15/41 |
2/27 at 100.00 |
Aa2 |
22,412,080 |
1,200 |
4.000%, 2/15/41 (Pre-refunded 2/15/27) |
2/27 at 100.00 |
N/R (4) |
1,220,568 |
55 |
4.000%, 2/15/41 (Pre-refunded 2/15/27) |
2/27 at 100.00 |
N/R (4) |
55,943 |
3,000 |
5.000%, 2/15/41 |
2/27 at 100.00 |
Aa2 |
3,012,090 |
2,500 |
Illinois Finance Authority, Revenue Bonds, Bradley University, Refunding Series 2021A, |
8/31 at 100.00 |
BBB+ |
1,869,775 |
4.000%, 8/01/51 |
||||
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A: |
||||
8,750 |
5.000%, 9/01/39 (Pre-refunded 9/01/24) |
9/24 at 100.00 |
AA+ (4) |
8,991,500 |
11,030 |
5.000%, 9/01/42 (Pre-refunded 9/01/24) |
9/24 at 100.00 |
AA+ (4) |
11,334,428 |
16,165 |
Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016, |
6/26 at 100.00 |
A3 |
16,011,109 |
5.000%, 12/01/40 |
||||
Illinois Finance Authority, Revenue Bonds, Northshore – Edward-Elmhurst Health Credit |
||||
Group, Series 2022A: |
||||
10,945 |
4.000%, 8/15/42 |
8/32 at 100.00 |
Aa3 |
9,173,333 |
4,155 |
5.000%, 8/15/51 |
8/32 at 100.00 |
AA– |
4,095,583 |
22,590 |
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, |
11/25 at 100.00 |
A3 |
21,729,999 |
5.000%, 11/15/45 |
||||
2,215 |
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series |
7/23 at 100.00 |
A– |
2,245,766 |
2013A, 6.000%, 7/01/43 |
||||
4,135 |
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, |
8/25 at 100.00 |
A3 |
4,010,826 |
Refunding Series 2015C, 5.000%, 8/15/44 |
||||
5,410 |
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, |
3/27 at 100.00 |
A+ |
5,176,991 |
Inc., Series 2017A, 5.000%, 3/01/47 |
||||
14,200 |
Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Fixed Period Series |
8/31 at 100.00 |
AA– |
12,362,804 |
2021A, 4.000%, 8/15/41 |
||||
Illinois State, General Obligation Bonds, April Series 2014: |
||||
2,500 |
5.000%, 4/01/31 |
4/24 at 100.00 |
BBB– |
2,496,375 |
3,000 |
5.000%, 4/01/38 |
4/24 at 100.00 |
BBB– |
2,875,560 |
Illinois State, General Obligation Bonds, December Series 2017A: |
||||
5,000 |
5.000%, 12/01/34 |
12/27 at 100.00 |
BBB– |
4,871,400 |
2,000 |
5.000%, 12/01/35 |
12/27 at 100.00 |
BBB– |
1,941,520 |
5,420 |
5.000%, 12/01/39 |
12/27 at 100.00 |
BBB– |
5,126,128 |
1,600 |
Illinois State, General Obligation Bonds, February Series 2014, 5.250%, 2/01/32 |
2/24 at 100.00 |
BBB– |
1,603,168 |
1,750 |
Illinois State, General Obligation Bonds, January Series 2016, 5.000%, 1/01/32 |
1/26 at 100.00 |
BBB– |
1,740,725 |
3,565 |
Illinois State, General Obligation Bonds, June Series 2016, 5.000%, 6/01/26 |
No Opt. Call |
BBB– |
3,591,524 |
4,170 |
Illinois State, General Obligation Bonds, June Series 2022A, 5.500%, 3/01/47 |
3/32 at 100.00 |
BBB+ |
4,037,311 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Illinois (continued) |
||||
Illinois State, General Obligation Bonds, May Series 2018A: |
||||
$ 17,000 |
6.000%, 5/01/26 |
No Opt. Call |
BBB– |
$ 17,668,950 |
4,485 |
6.000%, 5/01/27 |
No Opt. Call |
BBB– |
4,691,131 |
Illinois State, General Obligation Bonds, May Series 2020: |
||||
1,115 |
5.500%, 5/01/30 |
No Opt. Call |
BBB– |
1,150,056 |
5,305 |
5.500%, 5/01/39 |
5/30 at 100.00 |
BBB– |
5,333,116 |
2,515 |
Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/23 |
No Opt. Call |
BBB– |
2,535,120 |
9,710 |
Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/27 |
No Opt. Call |
BBB– |
9,775,640 |
5,000 |
Illinois State, General Obligation Bonds, October Series 2022C, 5.500%, 10/01/41 |
10/32 at 100.00 |
N/R |
4,981,550 |
2,035 |
Illinois State, General Obligation Bonds, Series 2013, 5.500%, 7/01/38 |
7/23 at 100.00 |
BBB– |
2,036,852 |
5,030 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A, |
1/23 at 100.00 |
A1 |
5,038,098 |
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 |
A1 |
8,078,800 |
6,500 |
5.000%, 1/01/39 |
1/24 at 100.00 |
A1 |
6,559,215 |
10,040 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A, |
7/25 at 100.00 |
A1 |
10,199,134 |
5.000%, 1/01/40 |
||||
8,890 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015B, |
1/26 at 100.00 |
A1 |
8,984,945 |
5.000%, 1/01/40 |
||||
10,000 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2019A, |
7/29 at 100.00 |
A1 |
10,094,000 |
5.000%, 1/01/44 |
||||
23,100 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2020A, |
1/31 at 100.00 |
A1 |
23,286,879 |
5.000%, 1/01/45 |
||||
9,640 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2021A, |
1/32 at 100.00 |
AA– |
8,315,078 |
4.000%, 1/01/42 |
||||
1,115 |
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust |
1/23 at 100.00 |
A1 |
1,122,225 |
2015-XF0052, 11.016%, 1/01/38, 144A (IF) |
||||
11,050 |
Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2001, 6.000%, |
No Opt. Call |
BBB– |
11,483,160 |
11/01/26 – FGIC Insured |
||||
1,500 |
Macon and DeWitt Counties Community Unit School District 2 Maroa-Forsyth, Illinois, |
12/30 at 100.00 |
AA |
1,307,025 |
General Obligation Bonds, Series 2021, 4.000%, 12/01/44 – AGM Insured |
||||
3,125 |
Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Alternate |
1/27 at 100.00 |
A3 |
2,715,656 |
Revenue Source Refunding School Series 2020C, 4.000%, 1/01/45 – AGM Insured |
||||
2,350 |
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project |
12/29 at 100.00 |
BB+ |
2,154,057 |
Bonds, Refunding Series 2020A, 5.000%, 6/15/50 |
||||
8,800 |
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project |
12/25 at 100.00 |
BB+ |
8,671,168 |
Bonds, Series 2015A, 5.500%, 6/15/53 |
||||
4,750 |
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project |
12/27 at 100.00 |
BB+ |
4,302,597 |
Bonds, Series 2017A, 5.000%, 6/15/57 |
||||
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 |
BB+ |
9,676,920 |
5,355 |
0.000%, 6/15/46 – AGM Insured |
No Opt. Call |
BB+ |
1,479,372 |
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place |
||||
Expansion Project, Refunding Series 1996A: |
||||
23,920 |
0.000%, 12/15/22 – NPFG Insured |
No Opt. Call |
BB+ |
23,800,639 |
13,350 |
0.000%, 12/15/24 – NPFG Insured |
No Opt. Call |
BB+ |
12,153,840 |
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place |
||||
Expansion Project, Refunding Series 1998A: |
||||
2,170 |
5.500%, 12/15/23 – NPFG Insured |
No Opt. Call |
BB+ |
2,192,589 |
1,510 |
5.500%, 12/15/23 – FGIC Insured (ETM) |
No Opt. Call |
BB+ (4) |
1,524,466 |
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: |
||||
$ 195 |
0.000%, 6/15/30 (ETM) |
No Opt. Call |
N/R (4) |
$ 146,478 |
3,505 |
0.000%, 6/15/30 |
No Opt. Call |
BBB+ |
2,410,774 |
28,000 |
0.000%, 12/15/35 – AGM Insured |
No Opt. Call |
BB+ |
14,636,720 |
3,280 |
0.000%, 6/15/37 – NPFG Insured |
No Opt. Call |
BB+ |
1,457,403 |
11,715 |
0.000%, 12/15/38 – NPFG Insured |
No Opt. Call |
BB+ |
4,735,320 |
5,535 |
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place |
No Opt. Call |
AA+ (4) |
5,955,162 |
Hospitality Facility, Series 1996A, 7.000%, 7/01/26 (ETM) |
||||
6,335 |
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, |
No Opt. Call |
A1 |
6,419,255 |
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 |
A1 |
2,629,061 |
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) |
4,289,051 |
Group, Inc., Series 2013, 7.625%, 11/01/48 (Pre-refunded 11/01/23) |
||||
Springfield, Illinois, Electric Revenue Bonds, Refunding Senior Lien Series 2015: |
||||
2,250 |
5.000%, 3/01/29 |
3/25 at 100.00 |
A3 |
2,309,467 |
7,000 |
5.000%, 3/01/31 |
3/25 at 100.00 |
A3 |
7,172,410 |
2,000 |
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013, |
10/23 at 100.00 |
Baa1 |
2,042,260 |
6.250%, 10/01/38 |
||||
4,810 |
Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation |
No Opt. Call |
A2 |
4,780,563 |
Bonds, Series 2006, 0.000%, 1/01/23 – AGM Insured |
||||
Will County Community Unit School District 201-U Crete-Monee, Illinois, General |
||||
Obligation Bonds, Capital Appreciation Series 2004: |
||||
165 |
0.000%, 11/01/22 – NPFG Insured (ETM) |
No Opt. Call |
N/R (4) |
165,000 |
780 |
0.000%, 11/01/22 – NPFG Insured (ETM) |
No Opt. Call |
Baa2 (4) |
780,000 |
637,030 |
Total Illinois |
570,210,676 | ||
Indiana – 2.7% (1.6% of Total Investments) |
||||
6,000 |
Indiana Finance Authority, Educational Facilities Revenue Bonds, Valparaiso University |
10/24 at 100.00 |
Baa1 |
6,006,000 |
Project, Series 2014, 5.000%, 10/01/44 |
||||
Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project, |
||||
Series 2012A: |
||||
5,000 |
4.000%, 5/01/35 (Pre-refunded 5/01/23) |
5/23 at 100.00 |
A (4) |
5,019,500 |
5,420 |
5.000%, 5/01/42 (Pre-refunded 5/01/23) |
5/23 at 100.00 |
A (4) |
5,468,455 |
7,000 |
Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation |
12/29 at 100.00 |
AA |
5,895,190 |
Group, Fixed Rate Series 2019A, 4.000%, 12/01/49 |
||||
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 |
1,687,800 |
3,400 |
5.000%, 12/01/40 |
6/25 at 100.00 |
AA |
3,418,564 |
3,640 |
Indiana Finance Authority, Hospital Revenue Bonds, Reid Health Series 2022, 5.000%, |
1/32 at 100.00 |
A |
3,593,444 |
1/01/52 – AGM Insured |
||||
11,000 |
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, |
10/26 at 100.00 |
A+ |
11,270,820 |
First Lien Green Series 2016A, 5.000%, 10/01/46 |
||||
13,215 |
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, |
10/24 at 100.00 |
A+ |
13,425,779 |
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+ |
5,256,301 |
First Lien Series 2016A, 5.000%, 10/01/46 |
||||
14,100 |
Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series |
7/26 at 100.00 |
A+ |
14,476,470 |
2016A, 5.000%, 1/01/42 |
||||
Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E: |
||||
9,255 |
0.000%, 2/01/25 – AMBAC Insured |
No Opt. Call |
AA– |
8,521,079 |
9,560 |
0.000%, 2/01/26 – AMBAC Insured |
No Opt. Call |
AA– |
8,458,114 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Indiana (continued) |
||||
$ 1,580 |
Zionsville Community Schools Building Corporation, Boone County, Indiana, First Mortgage |
No Opt. Call |
A2 |
$ 1,288,996 |
Bonds, Series 2005Z, 0.000%, 1/15/28 – AGM Insured |
||||
96,175 |
Total Indiana |
93,786,512 | ||
Iowa – 0.8% (0.4% of Total Investments) |
||||
5,775 |
Iowa Finance Authority Senior Living Facilities Revenue Bonds, Sunrise Retirement |
9/28 at 102.00 |
N/R |
4,328,651 |
Community Project, Refunding Series 2021, 5.000%, 9/01/51 |
||||
8,250 |
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer |
12/29 at 103.00 |
BBB– |
7,155,968 |
Company Project, Refunding Series 2022, 5.000%, 12/01/50 |
||||
3,085 |
Iowa Finance Authority, Senior Housing Revenue Bonds, Northcrest Inc. Project, Series |
3/24 at 103.00 |
BB+ |
2,611,267 |
2018A, 5.000%, 3/01/48 |
||||
8,265 |
Iowa Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Bonds, Class 2 |
6/31 at 25.58 |
N/R |
739,470 |
Capital Appreciation Senior Lien Series 2021B-2, 0.000%, 6/01/65 |
||||
Xenia Rural Water District, Iowa, Water Revenue Bonds, Refunding Capital Loan Note |
||||
Series 2016: |
||||
4,700 |
5.000%, 12/01/36 (Pre-refunded 12/01/26) |
12/26 at 100.00 |
A– (4) |
5,007,850 |
5,990 |
5.000%, 12/01/41 (Pre-refunded 12/01/26) |
12/26 at 100.00 |
A– (4) |
6,382,345 |
36,065 |
Total Iowa |
26,225,551 | ||
Kansas – 0.5% (0.3% of Total Investments) |
||||
Ellis County Unified School District 489 Hays, Kansas, General Obligation Bonds, |
||||
Refunding & Improvement Series 2022B: |
||||
5,000 |
5.000%, 9/01/42 – AGM Insured |
9/31 at 100.00 |
AA |
5,290,450 |
3,550 |
5.000%, 9/01/47 – AGM Insured |
9/31 at 100.00 |
AA |
3,720,932 |
3,700 |
Kansas Municipal Energy Agency, Power Project Revenue Bonds, Dogwood Project, Series |
4/26 at 100.00 |
AA |
3,860,062 |
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 |
5,110,214 |
5.000%, 7/01/43 |
||||
17,520 |
Total Kansas |
17,981,658 | ||
Kentucky – 0.7% (0.4% of Total Investments) |
||||
6,010 |
Kentucky Economic Development Finance Authority, Health System Revenue Bonds, Norton |
No Opt. Call |
Baa2 |
4,634,010 |
Healthcare Inc., Series 2000B, 0.000%, 10/01/28 – NPFG Insured |
||||
1,300 |
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro |
6/27 at 100.00 |
BBB– |
1,284,530 |
Health, Refunding Series 2017A, 5.000%, 6/01/37 |
||||
Kentucky Public Transportation Infrastructure Authority, Toll Revenue Bonds, Downtown |
||||
Crossing Project, Convertible Capital Appreciation First Tier Series 2013C: |
||||
5,000 |
0.000%, 7/01/43 (5) |
7/31 at 100.00 |
Baa2 |
5,313,300 |
8,610 |
0.000%, 7/01/46 (5) |
7/31 at 100.00 |
Baa2 |
9,163,020 |
Kentucky Public Transportation Infrastructure Authority, Toll Revenue Bonds, Downtown |
||||
Crossing Project, First Tier Series 2013A: |
||||
2,655 |
5.750%, 7/01/49 (Pre-refunded 7/01/23) |
7/23 at 100.00 |
Baa2 (4) |
2,688,612 |
430 |
6.000%, 7/01/53 (Pre-refunded 7/01/23) |
7/23 at 100.00 |
Baa2 (4) |
436,085 |
1,380 |
University of Kentucky, General Receipts Bonds, University of Kentucky Mixed-Use Parking |
5/29 at 100.00 |
AA– |
1,222,556 |
Project, Series 2019A, 4.000%, 5/01/44 |
||||
25,385 |
Total Kentucky |
24,742,113 | ||
Louisiana – 2.0% (1.2% of Total Investments) |
||||
6,535 |
Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala |
7/23 at 100.00 |
N/R |
6,551,991 |
Warehousing (US) LLC Project, Series 2013, 6.000%, 7/01/36 |
||||
4,000 |
East Baton Rouge Parish Capital Improvement District, Louisiana, MOVEBR Sales Tax |
8/29 at 100.00 |
Aa3 |
4,108,320 |
Revenue Bonds, Series 2019, 5.000%, 8/01/48 |
||||
1,870 |
Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue |
12/27 at 100.00 |
A1 |
1,941,658 |
Bonds, Series 2017B, 5.000%, 12/01/42 – AGM Insured |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Louisiana (continued) |
||||
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Ochsner Clinic Foundation |
||||
Project, Refunding Series 2017: |
||||
$ 2,000 |
5.000%, 5/15/42 |
5/27 at 100.00 |
A3 |
$ 2,001,180 |
12,500 |
5.000%, 5/15/46 |
5/27 at 100.00 |
A3 |
12,327,500 |
1,695 |
Louisiana Public Facilities Authority, Lease Revenue Bonds, Provident Group-Flagship |
7/26 at 100.00 |
A3 |
1,644,269 |
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) |
20,302 |
2,345 |
4.000%, 5/15/36 |
5/26 at 100.00 |
A3 |
2,126,633 |
20 |
5.000%, 5/15/47 (Pre-refunded 5/15/26) |
5/26 at 100.00 |
N/R (4) |
20,982 |
1,975 |
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, |
5/25 at 100.00 |
A3 |
1,937,455 |
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 |
13,666,648 |
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– |
1,049,520 |
2017C, 5.000%, 5/01/45 |
||||
5,000 |
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal |
1/27 at 100.00 |
A– |
4,834,000 |
Project, Series 2017A, 5.000%, 1/01/48 |
||||
6,280 |
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014, 5.000%, |
6/24 at 100.00 |
A (4) |
6,441,208 |
6/01/44 (Pre-refunded 6/01/24) |
||||
4,000 |
Port New Orleans Board of Commissioners, Louisiana, Revenue Bonds, Port Facilities, |
4/28 at 100.00 |
A2 |
4,017,040 |
Refunding Series 2018A, 5.000%, 4/01/48 – AGM Insured |
||||
5,000 |
Saint Tammany Parish Hospital Service District 1, Louisiana, Hospital Revenue Bonds, St. |
7/28 at 100.00 |
AA– |
4,811,950 |
Tammany Parish Hospital Project, Refunding Series 2018A, 5.000%, 7/01/48 |
||||
1,355 |
Shreveport, Louisiana, Water and Sewer Revenue Bonds, Refunding Series 2015, |
12/25 at 100.00 |
A– |
1,408,035 |
5.000%, 12/01/40 |
||||
69,200 |
Total Louisiana |
68,908,691 | ||
Maine – 0.8% (0.5% of Total Investments) |
||||
7,000 |
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine |
7/23 at 100.00 |
Ba1 (4) |
7,077,560 |
Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/43 (Pre-refunded 7/01/23) |
||||
6,300 |
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine |
7/26 at 100.00 |
Ba1 |
5,871,663 |
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+ |
3,391,186 |
2,935 |
5.000%, 7/01/48 |
7/28 at 100.00 |
A+ |
2,824,615 |
11,150 |
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, MaineHealth |
7/30 at 100.00 |
A+ |
8,905,171 |
Issue, Series 2020A, 4.000%, 7/01/50 |
||||
30,825 |
Total Maine |
28,070,195 | ||
Maryland – 1.7% (1.0% 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 |
CCC |
2,930,968 |
1,000 |
5.000%, 9/01/39 |
9/27 at 100.00 |
CCC |
859,270 |
1,645 |
5.000%, 9/01/46 |
9/27 at 100.00 |
CCC |
1,366,732 |
8,610 |
Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2017A, |
1/27 at 100.00 |
A+ |
8,829,555 |
5.000%, 7/01/41 |
||||
275 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick |
7/30 at 100.00 |
Baa1 |
215,364 |
Health System Issue; Series 2020, 4.000%, 7/01/50 |
||||
4,000 |
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University |
1/28 at 100.00 |
A |
3,233,800 |
of Maryland Medical System Issue, Taxable Series 2017D, 4.000%, 7/01/48 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Maryland (continued) |
||||
$ 4,125 |
Maryland Stadium Authority, Lease Revenue Bonds, Built To Learn, Series 2022A, |
6/32 at 100.00 |
A+ |
$ 3,374,291 |
4.000%, 6/01/47 |
||||
17,000 |
Maryland Stadium Authority, Revenue Bonds, Baltimore City Public Schools Construction & |
5/28 at 100.00 |
AA– |
17,489,260 |
Revitalization Program, Series 2018A, 5.000%, 5/01/42 |
||||
Maryland Transportation Authority, Revenue Bonds, Transportation Facilities Projects, |
||||
Series 2020: |
||||
3,000 |
4.000%, 7/01/39 |
7/30 at 100.00 |
AA– |
2,772,750 |
3,000 |
4.000%, 7/01/50 |
7/30 at 100.00 |
AA– |
2,545,140 |
9,095 |
Maryland Transportation Authority, Revenue Bonds, Transportation Facilities Projects, |
7/31 at 100.00 |
Aa2 |
9,434,425 |
Series 2021A, 5.000%, 7/01/51 |
||||
2,000 |
Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Series 2015, |
6/25 at 100.00 |
AA– |
2,002,200 |
5.000%, 12/01/44 |
||||
1,150 |
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside |
11/24 at 103.00 |
B– |
1,028,917 |
King Farm Project, Series 2017A-1, 5.000%, 11/01/37 |
||||
2,250 |
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Series 2017B, |
11/24 at 103.00 |
B– |
1,867,005 |
5.000%, 11/01/47 |
||||
60,410 |
Total Maryland |
57,949,677 | ||
Massachusetts – 2.1% (1.2% of Total Investments) |
||||
5,000 |
Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Subordinated Series |
7/31 at 100.00 |
Aa3 |
4,190,250 |
2021A-1, 4.000%, 7/01/51 |
||||
1,250 |
Massachusetts Development Finance Agency, Hospital Revenue Bonds, Cape Cod Healthcare |
11/23 at 100.00 |
A (4) |
1,275,487 |
Obligated Group, Series 2013, 5.250%, 11/15/41 (Pre-refunded 11/15/23) |
||||
435 |
Massachusetts Development Finance Agency, Revenue Bonds, Atrius Health Issue, Series |
6/29 at 100.00 |
BBB (4) |
476,329 |
2019A, 5.000%, 6/01/39 (Pre-refunded 6/01/29) |
||||
930 |
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, |
7/25 at 100.00 |
BBB |
887,090 |
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 |
AA– |
11,703,596 |
2016BB-1, 5.000%, 10/01/46 |
||||
3,630 |
Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series |
7/28 at 100.00 |
A3 |
3,495,291 |
2018J-2, 5.000%, 7/01/53 |
||||
1,100 |
Massachusetts Development Finance Agency, Revenue Bonds, Dana-Farber Cancer Institute |
12/26 at 100.00 |
A |
1,074,183 |
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 |
1,809,532 |
8,800 |
5.000%, 1/01/45 |
1/25 at 100.00 |
Baa2 |
8,361,144 |
2,700 |
Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E, |
11/23 at 100.00 |
A |
2,705,913 |
5.000%, 11/01/43 |
||||
4,100 |
Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System |
1/28 at 100.00 |
AA– |
3,844,078 |
Issue, Series 2017S-1, 4.000%, 7/01/36 |
||||
805 |
Massachusetts Development Finance Agency, Revenue Bonds, Southcoast Health System |
7/31 at 100.00 |
BBB+ |
753,923 |
Obligated Group Issue, Series 2021G, 5.000%, 7/01/50 |
||||
1,725 |
Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A, |
1/29 at 100.00 |
BBB+ |
1,593,451 |
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 |
1,354,235 |
1,545 |
5.000%, 9/01/45 |
9/25 at 100.00 |
BBB |
1,482,428 |
3,000 |
Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation, |
No Opt. Call |
AA– |
3,479,490 |
Series 2002A, 5.750%, 1/01/42 – AMBAC Insured |
||||
6,840 |
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior |
5/23 at 100.00 |
Aa2 (4) |
6,907,648 |
Series 2013A, 5.000%, 5/15/43 (Pre-refunded 5/15/23) |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Massachusetts (continued) |
||||
$ 5,000 |
Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2022C, |
10/32 at 100.00 |
N/R |
$ 5,287,150 |
5.250%, 10/01/52 |
||||
12,000 |
Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, |
6/31 at 100.00 |
Aa1 |
12,408,840 |
Sustainability Green Series 2022A, 5.000%, 6/01/50 |
||||
73,680 |
Total Massachusetts |
73,090,058 | ||
Michigan – 14.4% (8.4% of Total Investments) |
||||
315 |
Advanced Technology Academy, Michigan, Public School Academy Revenue Bonds, Refunding |
11/27 at 102.00 |
BB |
289,595 |
Series 2019, 5.000%, 11/01/34 |
||||
840 |
Ann Arbor Public School District, Washtenaw County, Michigan, General Obligation Bonds, |
No Opt. Call |
Aa3 |
860,278 |
School Building & Site Series 2015, 5.000%, 5/01/24 |
||||
895 |
Bloomfield Township, Michigan, General Obligation Bonds, Refunding Series 2016, |
5/26 at 100.00 |
AAA |
944,520 |
5.000%, 5/01/28 |
||||
4,445 |
Byron Center Public Schools, Kent County, Michigan, General Obligation Bonds, School |
5/27 at 100.00 |
AA |
4,591,729 |
Building & Site Series 2017I, 5.000%, 5/01/47 |
||||
1,135 |
Caledonia Community Schools, Kent, Allegan and Barry Counties, Michigan, General |
5/24 at 100.00 |
AA |
1,156,735 |
Obligation Bonds, School Building & Site Series 2014, 5.000%, 5/01/39 |
||||
1,220 |
Central Michigan University Board of Trustees, General Revenue Bonds, Refunding Series |
10/24 at 100.00 |
A+ |
1,237,666 |
2014, 5.000%, 10/01/39 |
||||
1,000 |
Conner Creek Academy East, Michigan, Public School Revenue Bonds, Series 2007, |
12/22 at 100.00 |
B |
724,480 |
5.250%, 11/01/36 |
||||
2,000 |
County of Calhoun Hospital Finance Authority, Michigan, Hospital Revenue Bonds, Oaklawn |
2/27 at 100.00 |
Ba1 |
1,760,920 |
Hospital, Refunding Series 2016, 5.000%, 2/15/47 |
||||
4,400 |
Detroit Downtown Development Authority, Michigan, Tax Increment Revenue Bonds, Catalyst |
7/24 at 100.00 |
AA |
4,288,900 |
Development Project, Series 2018A, 5.000%, 7/01/48 – AGM Insured |
||||
2,830 |
Detroit, Michigan, Senior Lien Sewerage Disposal System Revenue Bonds, Series 2001B, |
No Opt. Call |
A2 |
3,028,185 |
5.500%, 7/01/29 – NPFG Insured |
||||
15 |
Detroit, Michigan, Water Supply System Revenue Bonds, Refunding Second Lien Series |
12/22 at 100.00 |
A+ |
15,023 |
2004A, 5.000%, 7/01/34 – AGM Insured |
||||
1,700 |
Downriver Utility Wastewater Authority, Michigan, Sewer System Revenue Bonds, Series |
4/28 at 100.00 |
AA |
1,756,746 |
2018, 5.000%, 4/01/43 – AGM Insured |
||||
Eastern Michigan University, General Revenue Bonds, Refunding Series 2017A: |
||||
1,100 |
5.000%, 3/01/33 – BAM Insured |
3/27 at 100.00 |
A2 |
1,152,173 |
2,270 |
5.000%, 3/01/36 – BAM Insured |
3/27 at 100.00 |
A2 |
2,364,659 |
11,165 |
Eastern Michigan University, General Revenue Bonds, Series 2018A, 4.000%, 3/01/44 – |
3/28 at 100.00 |
A2 |
9,331,930 |
AGM Insured |
||||
Ferris State University, Michigan, General Revenue Bonds, Series 2020A: |
||||
1,000 |
4.000%, 10/01/39 |
10/29 at 100.00 |
A+ |
895,670 |
350 |
4.000%, 10/01/40 |
10/29 at 100.00 |
A+ |
311,458 |
Genesee County, Michigan, Sewage Disposal System Revenue Bonds, Interceptors & Treatment |
||||
Facilties, Series 2020A: |
||||
200 |
4.000%, 6/01/36 – BAM Insured |
6/29 at 100.00 |
AA |
195,754 |
200 |
4.000%, 6/01/37 – BAM Insured |
6/29 at 100.00 |
AA |
190,386 |
200 |
4.000%, 6/01/38 – BAM Insured |
6/29 at 100.00 |
AA |
186,982 |
200 |
4.000%, 6/01/39 – BAM Insured |
6/29 at 100.00 |
AA |
184,386 |
220 |
4.000%, 6/01/40 – BAM Insured |
6/29 at 100.00 |
AA |
204,261 |
Grand Rapids and Kent County Joint Building Authority, Michigan, Limited Tax General |
||||
Obligation Bonds, Devos Place Project, Series 2001: |
||||
7,955 |
0.000%, 12/01/22 |
No Opt. Call |
AAA |
7,934,158 |
8,260 |
0.000%, 12/01/23 |
No Opt. Call |
AAA |
7,963,218 |
8,575 |
0.000%, 12/01/24 |
No Opt. Call |
AAA |
7,976,551 |
8,900 |
0.000%, 12/01/25 |
No Opt. Call |
AAA |
7,979,829 |
3,000 |
0.000%, 12/01/26 |
No Opt. Call |
AAA |
2,589,210 |
100 |
0.000%, 12/01/27 |
No Opt. Call |
AAA |
83,011 |
4,305 |
0.000%, 12/01/29 |
No Opt. Call |
AAA |
3,307,273 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Michigan (continued) |
||||
$ 1,000 |
Grand Rapids Public Schools, Kent County, Michigan, General Obligation Bonds, Refunding |
5/26 at 100.00 |
A3 |
$ 1,034,930 |
School Building & Site Series 2016, 5.000%, 5/01/38 – AGM Insured |
||||
Grand Rapids Public Schools, Kent County, Michigan, General Obligation Bonds, School |
||||
Building & Site Series 2019: |
||||
1,000 |
5.000%, 11/01/36 – AGM Insured |
5/29 at 100.00 |
A3 |
1,053,220 |
1,250 |
5.000%, 11/01/42 – AGM Insured |
5/29 at 100.00 |
A3 |
1,289,500 |
1,850 |
5.000%, 11/01/43 – AGM Insured |
5/29 at 100.00 |
A3 |
1,905,648 |
1,000 |
Grand Rapids, Kent County, Michigan, Sanitary Sewer System Revenue Bonds, Improvement & |
1/30 at 100.00 |
AA |
850,610 |
Refunding Series 2020, 4.000%, 1/01/50 |
||||
Grand Rapids, Michigan, Sanitary Sewer System Revenue Bonds, Improvement & Refunding |
||||
Series 2014: |
||||
1,000 |
5.000%, 1/01/32 (Pre-refunded 1/01/24) |
1/24 at 100.00 |
AA (4) |
1,019,800 |
1,000 |
5.000%, 1/01/33 (Pre-refunded 1/01/24) |
1/24 at 100.00 |
AA (4) |
1,019,800 |
1,000 |
5.000%, 1/01/34 (Pre-refunded 1/01/24) |
1/24 at 100.00 |
AA (4) |
1,019,800 |
1,855 |
5.000%, 1/01/44 (Pre-refunded 1/01/24) |
1/24 at 100.00 |
AA (4) |
1,891,729 |
Grand Rapids, Michigan, Sanitary Sewer System Revenue Bonds, Series 2018: |
||||
2,500 |
5.000%, 1/01/43 |
1/28 at 100.00 |
AA |
2,591,650 |
6,055 |
5.000%, 1/01/48 |
1/28 at 100.00 |
AA |
6,235,318 |
Grand Rapids, Michigan, Water Supply System Revenue Bonds, Series 2020: |
||||
2,400 |
5.000%, 1/01/40 |
1/30 at 100.00 |
AA |
2,520,504 |
1,870 |
5.000%, 1/01/45 |
1/30 at 100.00 |
AA |
1,941,958 |
Grand Traverse County Hospital Finance Authority, Michigan, Revenue Bonds, Munson |
||||
Healthcare, Series 2019A: |
||||
1,720 |
5.000%, 7/01/36 |
7/28 at 100.00 |
A1 |
1,771,944 |
1,995 |
5.000%, 7/01/39 |
7/28 at 100.00 |
A1 |
2,029,833 |
500 |
Grand Valley State University, Michigan, General Revenue Bonds, Refunding Series 2014B, |
12/24 at 100.00 |
A+ |
513,515 |
5.000%, 12/01/28 |
||||
1,005 |
Great Lakes Water Authority, Michigan, Sewer Disposal System Revenue Bonds, Refunding |
7/26 at 100.00 |
A2 |
1,052,888 |
Second Lien Series 2016C, 5.000%, 7/01/32 |
||||
Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Refunding Senior Lien |
||||
Series 2016C: |
||||
6,245 |
5.000%, 7/01/32 |
7/26 at 100.00 |
A1 |
6,503,356 |
10,000 |
5.000%, 7/01/35 |
7/26 at 100.00 |
A1 |
10,353,400 |
27,960 |
Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Senior Lien Series |
7/26 at 100.00 |
A1 |
28,462,162 |
2016A, 5.000%, 7/01/46 |
||||
Hudsonville Public Schools, Ottawa and Allegan Counties, Michigan, General Obligation |
||||
Bonds, School Building & Site Series 2020-I: |
||||
2,040 |
4.000%, 5/01/45 |
5/30 at 100.00 |
AA |
1,759,704 |
6,910 |
4.000%, 5/01/47 |
5/30 at 100.00 |
AA |
5,838,812 |
1,265 |
Jenison Public Schools, Ottawa County, Michigan, General Obligation Bonds, Series 2017, |
5/27 at 100.00 |
Aa3 |
1,349,995 |
5.000%, 5/01/30 |
||||
1,675 |
Kalamazoo County, Michigan, General Obligation Bonds, Juvenile Home Facilities Series |
4/27 at 100.00 |
AA+ |
1,779,470 |
2017, 5.000%, 4/01/30 |
||||
Kent County, Michigan, General Obligation Bonds, Limited Tax Capital Improvement |
||||
Series 2016: |
||||
1,000 |
5.000%, 6/01/31 |
6/26 at 100.00 |
AAA |
1,053,730 |
1,445 |
5.000%, 6/01/34 |
6/26 at 100.00 |
AAA |
1,513,695 |
Kent County, Michigan, General Obligation Bonds, Limited Tax Capital Improvement |
||||
Series 2017A: |
||||
1,570 |
5.000%, 6/01/36 |
6/27 at 100.00 |
AAA |
1,656,005 |
1,650 |
5.000%, 6/01/37 |
6/27 at 100.00 |
AAA |
1,736,971 |
1,025 |
Kent County, Michigan, General Obligation Bonds, Limited Tax Series 2015, 5.000%, 1/01/34 |
1/25 at 100.00 |
AAA |
1,052,101 |
3,440 |
Kent County, Michigan, General Obligation Bonds, Refunding Limited Tax Series 2015, |
1/25 at 100.00 |
AAA |
3,542,030 |
5.000%, 1/01/31 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Michigan (continued) |
||||
Lake Saint Claire Clean Water Drain Drainage District, Macomb County, Michigan, General |
||||
Obligation Bonds, Series 2013: |
||||
$ 1,000 |
5.000%, 10/01/25 (Pre-refunded 10/01/23) |
10/23 at 100.00 |
AA+ (4) |
$ 1,016,280 |
1,020 |
5.000%, 10/01/26 (Pre-refunded 10/01/23) |
10/23 at 100.00 |
AA+ (4) |
1,036,606 |
Lake Superior State University Board of Trustees, Michigan, General Revenue Bonds, |
||||
Series 2018: |
||||
2,395 |
5.000%, 1/15/38 – AGM Insured |
1/28 at 100.00 |
AA |
2,453,270 |
4,000 |
5.000%, 1/15/43 – AGM Insured |
1/28 at 100.00 |
AA |
4,067,200 |
7,700 |
Lansing Board of Water and Light, Michigan, Utility System Revenue Bonds, Series 2019A, |
7/29 at 100.00 |
AA– |
7,886,956 |
5.000%, 7/01/44 |
||||
13,000 |
Lansing Board of Water and Light, Michigan, Utility System Revenue Bonds, Series 2021A, |
7/31 at 100.00 |
AA– |
13,168,090 |
5.000%, 7/01/51 |
||||
Lansing School District, Ingham County, Michigan, General Obligation Bonds, Series 2016I: |
||||
2,085 |
5.000%, 5/01/38 |
5/26 at 100.00 |
AA |
2,173,758 |
2,200 |
5.000%, 5/01/41 |
5/26 at 100.00 |
AA |
2,290,706 |
Lansing School District, Ingham County, Michigan, General Obligation Bonds, Series 2019II: |
||||
1,325 |
5.000%, 5/01/40 |
5/29 at 100.00 |
AA |
1,393,118 |
1,000 |
5.000%, 5/01/41 |
5/29 at 100.00 |
AA |
1,050,140 |
2,200 |
Lansing Township Downtown Development Authority, Ingham County, Michigan, Tax Increment |
2/24 at 103.00 |
N/R |
2,000,636 |
Bonds, Series 2013A, 5.950%, 2/01/42 |
||||
Marquette, Michigan, Electric Utility System Revenue Bonds, Refunding Series 2016A: |
||||
75 |
5.000%, 7/01/32 |
7/26 at 100.00 |
AA– |
77,906 |
500 |
5.000%, 7/01/33 |
7/26 at 100.00 |
AA– |
518,335 |
1,500 |
Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of |
11/28 at 100.00 |
Aa3 |
1,559,685 |
Wayne Criminal Justice Center Project, Senior Lien Series 2018, 5.000%, 11/01/43 |
||||
Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of |
||||
Wayne, Second Lien Refunding Series 2020: |
||||
30,480 |
4.000%, 11/01/50 |
11/30 at 100.00 |
Aa3 |
25,411,176 |
10,125 |
4.000%, 11/01/55 |
11/30 at 100.00 |
Aa3 |
8,540,336 |
3,500 |
Michigan Finance Authority, Higher Education Limited Obligation Revenue Bonds, Kalamazoo |
12/28 at 100.00 |
A3 |
3,467,695 |
College Project, Refunding Series 2018, 5.000%, 12/01/43 |
||||
1,780 |
Michigan Finance Authority, Hospital Revenue Bonds, Beaumont Health Credit Group, |
8/24 at 100.00 |
A+ (4) |
1,830,107 |
Refunding Series 2015A, 5.000%, 8/01/32 (Pre-refunded 8/01/24) |
||||
4,850 |
Michigan Finance Authority, Hospital Revenue Bonds, MidMichigan Health Credit Group, |
6/24 at 100.00 |
A+ (4) |
4,982,065 |
Refunding Series 2014, 5.000%, 6/01/39 (Pre-refunded 6/01/24) |
||||
3,930 |
Michigan Finance Authority, Hospital Revenue Bonds, Oakwood Obligated Group, Refunding |
8/23 at 100.00 |
A+ (4) |
3,985,806 |
Series 2013, 5.000%, 8/15/31 (Pre-refunded 8/15/23) |
||||
6,060 |
Michigan Finance Authority, Hospital Revenue Bonds, Sparrow Obligated Group, Refunding |
5/25 at 100.00 |
A |
5,931,952 |
Series 2015, 5.000%, 11/15/45 |
||||
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit |
||||
Regional Convention Facility Authority Local Project, Series 2014H-1: |
||||
2,000 |
5.000%, 10/01/24 |
10/23 at 100.00 |
AA– |
2,025,200 |
2,000 |
5.000%, 10/01/25 |
10/24 at 100.00 |
AA– |
2,054,160 |
11,025 |
5.000%, 10/01/39 |
10/24 at 100.00 |
AA– |
11,132,053 |
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & |
||||
Sewerage Department Sewage Disposal System Local Project, Second Lien Series 2015C: |
||||
4,665 |
5.000%, 7/01/34 |
7/25 at 100.00 |
A2 |
4,737,027 |
1,070 |
5.000%, 7/01/35 |
7/25 at 100.00 |
A2 |
1,085,173 |
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & |
||||
Sewerage Department Water Supply System Local Project, Refunding Senior Loan Series 2014D-1: |
||||
1,500 |
5.000%, 7/01/35 – AGM Insured |
7/24 at 100.00 |
A1 |
1,518,015 |
1,625 |
5.000%, 7/01/37 – AGM Insured |
7/24 at 100.00 |
A1 |
1,642,680 |
175 |
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, |
6/26 at 100.00 |
N/R (4) |
184,585 |
Refunding Series 2016MI, 5.000%, 12/01/45 (Pre-refunded 6/01/26) |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Michigan (continued) |
||||
$ 7,000 |
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, |
3/32 at 100.00 |
AA– |
$ 5,656,210 |
Refunding Series 2016MI-2, 4.000%, 3/01/51 |
||||
12,520 |
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, |
12/27 at 100.00 |
AA– |
11,479,713 |
Refunding Series 2017A-MI, 4.000%, 12/01/36 |
||||
1,900 |
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, |
6/27 at 100.00 |
AA– |
2,002,714 |
Refunding Series 2017MI, 5.000%, 12/01/30 |
||||
11,730 |
Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2006 Sold Tobacco |
12/30 at 100.00 |
BBB |
11,252,472 |
Receipts Senior Current Interest Series 2020A-2, 5.000%, 6/01/40 |
||||
10,330 |
Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit |
11/26 at 100.00 |
Aa2 |
8,343,851 |
Group, Refunding & Project Series 2010F-6, 4.000%, 11/15/47 |
||||
210 |
Michigan Public Educational Facilities Authority, Charter School Revenue Bonds, American |
12/22 at 100.00 |
N/R |
199,922 |
Montessori Academy, Series 2007, 6.500%, 12/01/37 |
||||
1,845 |
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series |
10/23 at 100.00 |
AA– |
1,874,077 |
2013-I-A, 5.000%, 10/15/29 |
||||
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding |
||||
Series 2015-I: |
||||
14,915 |
5.000%, 4/15/31 |
10/25 at 100.00 |
AA– |
15,506,380 |
2,085 |
5.000%, 4/15/31 (Pre-refunded 10/15/25) |
10/25 at 100.00 |
N/R (4) |
2,183,829 |
5,615 |
5.000%, 4/15/38 |
10/25 at 100.00 |
AA– |
5,708,883 |
2,500 |
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series |
10/26 at 100.00 |
AA– |
2,519,425 |
2016-I, 5.000%, 10/15/46 |
||||
1,240 |
Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, St. John’s |
12/22 at 100.00 |
N/R (4) |
1,343,416 |
Health System, Series 1998A, 5.000%, 5/15/28 – AMBAC Insured (ETM) |
||||
8,300 |
Michigan State University, General Revenue Bonds, Refunding Series 2019C, 4.000%, 2/15/44 |
8/29 at 100.00 |
AA |
7,427,919 |
7,790 |
Michigan State University, General Revenue Bonds, Series 2013A, 5.000%, 8/15/41 |
8/23 at 100.00 |
AA |
7,839,778 |
4,165 |
Michigan State University, General Revenue Bonds, Taxable Series 2019A, 5.000%, 2/15/48 |
2/29 at 100.00 |
AA |
4,266,543 |
1,950 |
Michigan State, Comprehensive Transportation Revenue Bonds, Refunding Series 2015, |
11/24 at 100.00 |
Aa2 |
2,013,687 |
5.000%, 11/15/29 |
||||
4,000 |
Michigan State, General Obligation Bonds, Environmental Program, Refunding Series 2011A, |
12/22 at 100.00 |
AA |
4,006,040 |
5.000%, 12/01/22 |
||||
4,790 |
Mona Shores Public Schools, Muskegon County, Michigan, General Obligation Bonds, School |
5/29 at 100.00 |
Aa1 |
4,992,521 |
Building & Site Series 2019I, 5.000%, 5/01/48 |
||||
7,500 |
Monroe Public Schools, Monroe County, Michigan, General Obligation Bonds, School |
5/30 at 100.00 |
AA |
7,850,025 |
Building & Site Series 2020I, 5.000%, 5/01/50 |
||||
2,945 |
Muskegon Community College District, Michigan, General Obligation Bonds, Community |
5/24 at 100.00 |
AA |
3,000,101 |
Facility Series 2013I, 5.000%, 5/01/38 |
||||
Muskegon County, Michigan, General Obligation Wastewater Bonds, Management System 1, |
||||
Refunding Series 2015: |
||||
1,350 |
5.000%, 11/01/33 |
11/25 at 100.00 |
AA |
1,400,031 |
1,730 |
5.000%, 11/01/36 |
11/25 at 100.00 |
AA |
1,788,647 |
Northern Michigan University, General Revenue Bonds, Series 2018A: |
||||
400 |
5.000%, 12/01/33 |
6/28 at 100.00 |
A |
421,952 |
650 |
5.000%, 12/01/35 |
6/28 at 100.00 |
A |
681,375 |
1,200 |
Novi Community School District, Oakland County, Michigan, General Obligation Bonds, |
5/32 at 100.00 |
Aa2 |
1,026,456 |
School Building & Site Series 2022-II, 4.000%, 5/01/47 |
||||
5,400 |
Oakland University, Michigan, General Revenue Bonds, Series 2016, 5.000%, 3/01/47 |
3/26 at 100.00 |
A1 |
5,462,586 |
5,380 |
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont |
3/24 at 100.00 |
A+ (4) |
5,500,942 |
Hospital Obligated Group, Refunding Series 2014D, 5.000%, 9/01/39 (Pre-refunded 3/01/24) |
||||
1,510 |
Royal Oak, Oakland County, Michigan, General Obligation Bonds, Taxable Limited Tax |
4/28 at 100.00 |
AA |
1,577,452 |
Series 2018, 5.000%, 4/01/43 |
||||
810 |
Saginaw Valley State University, Michigan, General Revenue Bonds, Refunding Series |
7/26 at 100.00 |
A |
847,309 |
2016A, 5.000%, 7/01/35 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Michigan (continued) |
||||
$ 1,435 |
South Haven Public Schools, Van Buren County, Michigan, General Obligation Bonds, School |
5/24 at 100.00 |
AA |
$ 1,465,623 |
Building & Site, Series 2014A, 5.000%, 5/01/41 – BAM Insured |
||||
550 |
Troy School District, Oakland County, Michigan, General Obligation Bonds, Refunding |
5/25 at 100.00 |
AA |
572,039 |
Series 2015, 5.000%, 5/01/26 |
||||
4,000 |
University of Michigan, General Revenue Bonds, Series 2014A, 5.000%, 4/01/44 |
4/24 at 100.00 |
AAA (4) |
4,098,080 |
(Pre-refunded 4/01/24) |
||||
University of Michigan, General Revenue Bonds, Series 2015: |
||||
5,735 |
5.000%, 4/01/40 (Pre-refunded 4/01/26) (UB) (8) |
4/26 at 100.00 |
AAA (4) |
6,054,784 |
2,400 |
5.000%, 4/01/46 (Pre-refunded 4/01/26) (UB) (8) |
4/26 at 100.00 |
AAA (4) |
2,533,824 |
2,150 |
University of Michigan, General Revenue Bonds, Series 2020A, 4.000%, 4/01/45 |
4/30 at 100.00 |
AAA |
1,929,647 |
University of Michigan, Michigan, General Revenue Bonds, Series 2017A: |
||||
2,000 |
5.000%, 4/01/34 |
4/27 at 100.00 |
AAA |
2,109,820 |
2,000 |
5.000%, 4/01/35 |
4/27 at 100.00 |
AAA |
2,103,620 |
1,065 |
5.000%, 4/01/36 (Pre-refunded 4/01/27) |
4/27 at 100.00 |
AAA (4) |
1,139,358 |
2,000 |
5.000%, 4/01/42 (Pre-refunded 4/01/27) |
4/27 at 100.00 |
AAA (4) |
2,139,640 |
5,000 |
5.000%, 4/01/47 (Pre-refunded 4/01/27) |
4/27 at 100.00 |
AAA (4) |
5,349,100 |
7,200 |
5.000%, 4/01/47 (Pre-refunded 4/01/27) (UB) |
4/27 at 100.00 |
AAA (4) |
7,702,704 |
1,600 |
Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation |
11/23 at 100.00 |
Aa1 (4) |
1,627,552 |
Bonds, School Building & Site Series 2014, 5.000%, 5/01/40 (Pre-refunded 11/01/23) |
||||
2,000 |
Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation |
5/29 at 100.00 |
Aa1 |
2,064,060 |
Bonds, School Building & Site Series 2019, 5.000%, 5/01/49 |
||||
3,000 |
Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation |
5/30 at 100.00 |
Aa1 |
3,066,570 |
Bonds, School Building & Site Series 2020, 5.000%, 5/01/50 |
||||
1,000 |
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne |
12/27 at 100.00 |
A– |
990,610 |
County Airport, Senior Series 2017A, 5.000%, 12/01/42 |
||||
4,000 |
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne |
12/22 at 100.00 |
A |
3,987,360 |
County Airport, Series 2012A, 5.000%, 12/01/42 – AGM Insured |
||||
2,200 |
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne |
12/25 at 100.00 |
A– |
2,156,330 |
County Airport, Series 2015D, 5.000%, 12/01/45 |
||||
3,700 |
Wayne State University, Michigan, General Revenue Bonds, Series 2013A, 5.000%, 11/15/40 |
11/23 at 100.00 |
A+ |
3,720,942 |
5,000 |
Wayne State University, Michigan, General Revenue Bonds, Series 2018A, 5.000%, 11/15/43 |
11/28 at 100.00 |
A+ |
5,106,500 |
2,590 |
West Bloomfield School District, Oakland County, Michigan, General Obligation Bonds, |
5/27 at 100.00 |
A1 |
2,729,834 |
School Building & Site Series 2017, 5.000%, 5/01/36 – AGM Insured |
||||
Western Michigan University, General Revenue Bonds, Refunding Series 2013: |
||||
750 |
5.250%, 11/15/33 (Pre-refunded 11/15/23) – AGM Insured |
11/23 at 100.00 |
Aa3 (4) |
765,683 |
4,250 |
5.000%, 11/15/39 (Pre-refunded 11/15/23) – AGM Insured |
11/23 at 100.00 |
Aa3 (4) |
4,328,115 |
Western Michigan University, General Revenue Bonds, Refunding Series 2015A: |
||||
1,500 |
5.000%, 11/15/40 |
5/25 at 100.00 |
A |
1,525,485 |
850 |
5.000%, 11/15/45 |
5/25 at 100.00 |
A |
863,422 |
3,335 |
Western Michigan University, General Revenue Bonds, Refunding Series 2019A, |
11/29 at 100.00 |
N/R |
3,440,219 |
5.000%, 11/15/44 |
||||
525 |
Williamston Community School District, Michigan, Unlimited Tax General Obligation QSBLF |
No Opt. Call |
Aa2 |
541,034 |
Bonds, Series 1996, 5.500%, 5/01/25 – NPFG Insured |
||||
2,700 |
Wyandotte, Michigan, Electric Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/44 - |
10/25 at 100.00 |
AA |
2,795,175 |
BAM Insured |
||||
505,100 |
Total Michigan |
494,151,866 | ||
Minnesota – 4.5% (2.6% of Total Investments) |
||||
285 |
Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory |
8/26 at 100.00 |
BB+ |
230,765 |
Academy, Refunding Series 2016A, 4.000%, 8/01/36 |
||||
3,565 |
Brooklyn Center, Minnesota, Charter School Lease Revenue Bonds, Tesfa International dba |
6/29 at 100.00 |
N/R |
2,400,136 |
Twin Lakes STEM Academy Project, Series 2021A, 5.250%, 6/15/56 |
||||
730 |
Brooklyn Center, Minnesota, Charter School Lease Revenue Bonds, Tesfa International dba |
6/29 at 100.00 |
N/R |
643,751 |
Twin Lakes STEM Academy Project, Taxable Series 2021B, 6.000%, 6/15/31 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Minnesota (continued) |
||||
$ 2,000 |
Carlton County, Minnesota, General Obligation Bonds, Minnesota State Credit Enhancement |
2/32 at 100.00 |
Aa1 |
$ 1,753,180 |
Program Series 2022A, 4.000%, 2/01/47 |
||||
350 |
Chatfield, Minnesota, Healthcare and Housing Facilities Revenue Bonds, Chosen Valley |
9/26 at 102.00 |
N/R |
252,903 |
Care Center Project, Refunding Series 2019, 4.000%, 9/01/39 |
||||
4,005 |
City of Milaca, Minnesota Refunding Revenue Bonds, Grandview Christian Home Project, |
10/24 at 102.00 |
N/R |
3,461,842 |
Series 2016, 5.000%, 10/01/41 |
||||
Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, |
||||
Walker Highview Hills LLC Project, Refunding Series 2016A: |
||||
1,615 |
3.500%, 8/01/25, 144A |
12/22 at 100.00 |
N/R |
1,552,629 |
1,000 |
5.000%, 8/01/46, 144A |
12/22 at 100.00 |
N/R |
885,710 |
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, |
||||
Essentia Health Obligated Group, Series 2018A: |
||||
2,000 |
4.250%, 2/15/43 |
2/28 at 100.00 |
A– |
1,771,280 |
1,300 |
5.000%, 2/15/48 |
2/28 at 100.00 |
A– |
1,247,935 |
10,700 |
5.000%, 2/15/53 |
2/28 at 100.00 |
A– |
10,149,592 |
5,240 |
5.250%, 2/15/53 |
2/28 at 100.00 |
A– |
5,142,798 |
5,500 |
5.000%, 2/15/58 |
2/28 at 100.00 |
A– |
5,159,110 |
5,000 |
5.250%, 2/15/58 |
2/28 at 100.00 |
A– |
4,825,300 |
3,600 |
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, |
6/32 at 100.00 |
BBB– |
3,343,284 |
Saint Luke’s Hospital of Duluth Obligated Group, Series 2022B, 5.250%, 6/15/47 |
||||
295 |
Independence, Minnesota, Charter School Lease Revenue Bonds, Paladin Career & Technical |
6/29 at 102.00 |
N/R |
212,881 |
High School Project, Series 2021A, 4.000%, 6/01/41 |
||||
9,840 |
Independent School District 621, Mounds View, Minnesota, General Obligation Bonds, |
2/27 at 100.00 |
AAA |
9,115,973 |
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 |
2,747,220 |
Series 2018A, 4.000%, 2/01/37 |
||||
405 |
Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Cyber Village Academy |
6/32 at 100.00 |
N/R |
359,567 |
Project, Series 2022A, 5.500%, 6/01/57 |
||||
2,250 |
Minneapolis, Minnesota, Health Care System Revenue Bonds, Allina Health System, Series |
11/31 at 100.00 |
Aa3 |
2,008,057 |
2021, 4.000%, 11/15/40 |
||||
Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, |
||||
Series 2018A: |
||||
2,530 |
4.000%, 11/15/48 |
11/28 at 100.00 |
A3 |
2,024,885 |
3,395 |
5.000%, 11/15/49 |
11/28 at 100.00 |
A3 |
3,322,381 |
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, |
||||
Refunding Subordinate Lien Series 2019A: |
||||
1,000 |
5.000%, 1/01/33 |
7/29 at 100.00 |
A+ |
1,044,320 |
1,245 |
5.000%, 1/01/44 |
7/29 at 100.00 |
A |
1,228,591 |
3,500 |
5.000%, 1/01/49 |
7/29 at 100.00 |
A |
3,382,190 |
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, |
||||
Senior Lien Series 2016C: |
||||
1,630 |
5.000%, 1/01/37 |
1/27 at 100.00 |
A+ |
1,660,758 |
7,000 |
5.000%, 1/01/41 |
1/27 at 100.00 |
A+ |
7,085,330 |
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, |
||||
Subordinate Lien Series 2022A: |
||||
2,000 |
4.125%, 1/01/47 |
1/32 at 100.00 |
A+ |
1,684,860 |
10,385 |
5.000%, 1/01/52 |
1/32 at 100.00 |
A+ |
9,992,655 |
Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint |
||||
Thomas, Series 2022B: |
||||
1,000 |
4.125%, 10/01/42 |
10/30 at 100.00 |
A2 |
867,500 |
610 |
4.125%, 10/01/42 |
10/30 at 100.00 |
A2 |
529,175 |
2,140 |
5.000%, 10/01/47 |
10/30 at 100.00 |
A2 |
2,137,774 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Minnesota (continued) |
||||
Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, |
||||
Series 2021A: |
||||
$ 265 |
3.000%, 8/01/35 |
8/31 at 100.00 |
AA+ |
$ 220,051 |
280 |
3.000%, 8/01/37 |
8/31 at 100.00 |
AA+ |
222,748 |
650 |
Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, |
8/31 at 100.00 |
Aa1 |
538,538 |
Series 2021B, 3.000%, 8/01/35 |
||||
4,165 |
Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, |
8/31 at 100.00 |
Aa1 |
3,759,787 |
Series 2021C, 4.000%, 8/01/43 |
||||
4,000 |
Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, |
8/32 at 100.00 |
Aa1 |
4,157,800 |
Series 2022C, 5.000%, 8/01/42 |
||||
2,855 |
Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding Series 2017A, |
12/26 at 100.00 |
Aa3 |
2,973,254 |
5.000%, 12/01/47 |
||||
10,000 |
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2022, |
11/32 at 100.00 |
AA |
10,210,200 |
5.000%, 11/15/57 |
||||
Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Series 2019: |
||||
2,500 |
5.000%, 5/01/48 |
5/29 at 100.00 |
A2 |
2,454,600 |
6,000 |
4.000%, 5/01/49 |
5/29 at 100.00 |
A2 |
4,960,200 |
1,000 |
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue |
9/30 at 100.00 |
BB+ |
896,380 |
Bonds, Hmong College Prep Academy Project, Refunding Series 2020A, 5.000%, 9/01/40 |
||||
5,850 |
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue |
9/26 at 100.00 |
BB+ |
5,700,767 |
Bonds, Hmong College Prep Academy Project, Series 2016A, 6.000%, 9/01/51 |
||||
530 |
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue |
12/28 at 102.00 |
BB– |
439,752 |
Bonds, Hope Community Academy Project, Series 2020A, 3.875%, 12/01/30 |
||||
4,170 |
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue |
9/24 at 102.00 |
BB+ |
3,118,910 |
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 |
A |
3,061,650 |
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 |
A3 |
542,330 |
1,470 |
4.000%, 11/15/43 |
11/27 at 100.00 |
A3 |
1,215,455 |
Saint Paul, Minnesota, Housing and Redevelopment Authority, Minnesota Charter School |
||||
Lease Revenue Bonds, Series 2022A: |
||||
250 |
6.500%, 6/01/29 |
No Opt. Call |
N/R |
244,080 |
1,070 |
6.375%, 6/01/42 |
6/29 at 103.00 |
N/R |
998,674 |
3,055 |
6.500%, 6/01/57 |
6/29 at 103.00 |
N/R |
2,812,402 |
850 |
Sartell, Minnesota, Health Care Facilities Revenue Bonds, Country Manor Campus LLC |
9/27 at 100.00 |
N/R |
718,139 |
Project, Refunding Series 2017, 5.000%, 9/01/42 |
||||
St. Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, |
||||
HealthEast Inc., Series 2015A: |
||||
3,595 |
5.000%, 11/15/40 (Pre-refunded 11/15/25) |
11/25 at 100.00 |
N/R (4) |
3,748,722 |
5,315 |
5.000%, 11/15/44 (Pre-refunded 11/15/25) |
11/25 at 100.00 |
N/R (4) |
5,542,270 |
Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, |
||||
Refunding Series 2019: |
||||
300 |
5.000%, 8/01/32 |
8/24 at 102.00 |
N/R |
294,084 |
150 |
5.000%, 8/01/33 |
8/24 at 102.00 |
N/R |
146,215 |
250 |
5.000%, 8/01/35 |
8/24 at 102.00 |
N/R |
241,073 |
600 |
4.000%, 8/01/39 |
8/24 at 102.00 |
N/R |
495,366 |
2,000 |
5.000%, 8/01/49 |
8/24 at 102.00 |
N/R |
1,803,760 |
163,680 |
Total Minnesota |
153,741,539 | ||
Mississippi – 0.2% (0.1% of Total Investments) |
||||
8,000 |
Medical Center Educational Building Corporation, Mississippi, Revenue Bonds, University of |
6/27 at 100.00 |
Aa2 |
6,780,720 |
Mississippi Medical Center New Facilities & Refinancing Project, Series 2017A, 4.000%, 6/01/47 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Missouri – 6.3% (3.7% of Total Investments) |
||||
Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding |
||||
Series 2016: |
||||
$ 2,470 |
4.000%, 8/01/33 |
8/26 at 100.00 |
Ba1 |
$ 2,142,256 |
4,590 |
5.000%, 8/01/35 |
8/26 at 100.00 |
Ba1 |
4,473,460 |
640 |
4.000%, 8/01/38 |
8/26 at 100.00 |
Ba1 |
512,883 |
5,110 |
Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities |
6/26 at 100.00 |
A+ |
5,050,469 |
Revenue Bonds, Saint Francis Medical Center, Series 2016, 5.000%, 6/01/39 |
||||
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+ |
2,763,704 |
1,000 |
5.000%, 10/01/47 |
10/27 at 100.00 |
BBB+ |
945,900 |
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, |
||||
Improvement Series 2004B-1: |
||||
8,150 |
0.000%, 4/15/27 – AMBAC Insured |
No Opt. Call |
A2 |
6,908,021 |
5,000 |
0.000%, 4/15/31 – AMBAC Insured |
No Opt. Call |
A2 |
3,585,700 |
Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Improvement Series 2018A: |
||||
2,475 |
4.000%, 1/01/38 |
1/28 at 100.00 |
AA |
2,342,637 |
4,470 |
4.000%, 1/01/42 |
1/28 at 100.00 |
AA |
4,137,030 |
1,475 |
Kansas City, Missouri, Special Obligation Bonds, Kansas City Missouri Projects, Series |
4/31 at 100.00 |
A2 |
1,508,409 |
2021A, 5.000%, 4/01/40 |
||||
2,700 |
Maryland Heights, Missouri, Tax Increment and Special District Revenue Bonds, Westport |
11/29 at 100.00 |
N/R |
2,188,755 |
Plaza Redevelopment Area, Series 2020, 4.125%, 11/01/38 |
||||
2,695 |
Metropolitan St. Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, |
5/29 at 100.00 |
AA+ |
2,802,180 |
Series 2019B, 5.000%, 5/01/44 |
||||
5,385 |
Metropolitan St. Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, |
5/30 at 100.00 |
AA+ |
5,597,331 |
Series 2020B, 5.000%, 5/01/49 |
||||
2,160 |
Missouri Development Finance Board, Infrastructure Facilities Revenue Bonds, City of |
6/32 at 100.00 |
AA |
2,243,376 |
Independence Annual Appropriation Electric System, Refunding Series 2022, 5.000%, |
||||
6/01/34 – AGM Insured |
||||
3,000 |
Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union |
7/27 at 102.00 |
A |
2,565,150 |
Electric Company Project, Refunding Series 1998A, 2.900%, 9/01/33 |
||||
1,350 |
Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds, |
5/26 at 100.00 |
A+ |
1,374,745 |
Saint Luke’s Health System, Inc., Series 2016, 5.000%, 11/15/35 |
||||
5,000 |
Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds, |
11/30 at 100.00 |
A+ |
4,145,800 |
Saint Luke’s Health System, Inc., Series 2020, 4.000%, 11/15/50 |
||||
1,400 |
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue |
6/27 at 100.00 |
A1 |
1,457,736 |
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 |
12,115,637 |
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 |
3,060,715 |
BJC Health System, Series 2015A, 4.000%, 1/01/45 |
||||
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
||||
BJC Health System, Series 2021A: |
||||
1,830 |
4.000%, 7/01/40 |
7/31 at 100.00 |
AA |
1,607,307 |
1,660 |
4.000%, 7/01/46 |
7/31 at 100.00 |
AA |
1,367,591 |
1,500 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
7/26 at 100.00 |
AA |
1,274,670 |
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 |
11,584,720 |
BJC Health System, Variable Rate Demand Obligation Series 2017D, 4.000%, 1/01/58 (Mandatory |
||||
Put 1/01/48) (UB) (8) |
||||
17,300 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
11/23 at 100.00 |
A2 |
17,373,525 |
CoxHealth, Series 2013A, 5.000%, 11/15/48 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Missouri (continued) |
||||
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
||||
CoxHealth, Series 2019A: |
||||
$ 4,165 |
4.000%, 11/15/44 |
5/29 at 100.00 |
A2 |
$ 3,537,501 |
4,220 |
4.000%, 11/15/49 |
5/29 at 100.00 |
A2 |
3,483,610 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
||||
Mercy Health, Series 2017C: |
||||
1,050 |
4.000%, 11/15/36 |
11/27 at 100.00 |
A+ |
966,819 |
2,980 |
4.000%, 11/15/37 |
11/27 at 100.00 |
A+ |
2,721,962 |
5,500 |
5.000%, 11/15/47 |
11/27 at 100.00 |
A+ |
5,334,065 |
45,215 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
6/30 at 100.00 |
A+ |
36,587,526 |
Mercy Health, Series 2020, 4.000%, 6/01/53 |
||||
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
||||
Mosaic Health System, Series 2019A: |
||||
1,500 |
4.000%, 2/15/44 |
2/29 at 100.00 |
A1 |
1,277,145 |
9,425 |
4.000%, 2/15/54 |
2/29 at 100.00 |
A1 |
7,614,457 |
3,000 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
6/24 at 100.00 |
A+ (4) |
3,027,510 |
SSM Health Care, Series 2014A, 4.000%, 6/01/33 (Pre-refunded 6/01/24) |
||||
3,000 |
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, |
6/32 at 100.00 |
N/R |
2,492,250 |
SSM Health Care, Series 2022A, 4.000%, 6/01/52 |
||||
10,000 |
Missouri Health and Educational Facilities Authority, Revenue Bonds, Children’s Mercy |
5/25 at 102.00 |
A+ |
8,629,000 |
Hospital, Series 2017A, 4.000%, 5/15/42 |
||||
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior |
||||
Services Projects, Series 2014A: |
||||
1,540 |
5.000%, 2/01/35 |
2/24 at 100.00 |
BBB |
1,490,551 |
2,000 |
5.000%, 2/01/44 |
2/24 at 100.00 |
BBB |
1,835,520 |
1,150 |
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior |
2/26 at 100.00 |
BBB |
1,029,215 |
Services Projects, Series 2016A, 5.000%, 2/01/46 |
||||
700 |
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior |
2/26 at 100.00 |
BBB |
674,849 |
Services Projects, Series 2016B, 5.000%, 2/01/34 |
||||
1,700 |
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior |
2/24 at 104.00 |
BBB |
1,588,208 |
Services Projects, Series 2019A, 5.000%, 2/01/42 |
||||
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior |
||||
Services Projects, Series 2019C: |
||||
1,500 |
5.000%, 2/01/42 |
2/29 at 102.00 |
BBB |
1,376,460 |
1,000 |
4.000%, 2/01/48 |
2/29 at 100.00 |
BBB |
725,060 |
500 |
Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis |
4/29 at 100.00 |
A1 |
427,410 |
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 |
7,144,089 |
Pairie State Power Project, Refunding Series 2016A, 5.000%, 12/01/34 |
||||
2,415 |
Saint Charles County Public Water Supply District 2, Missouri, Certificates of |
12/25 at 100.00 |
AA+ |
2,186,589 |
Participation, Missouri Project Series 2019, 4.000%, 12/01/41 |
||||
4,450 |
Saint Charles County Public Water Supply District 2, Missouri, Certificates of |
12/30 at 100.00 |
AA+ |
4,529,121 |
Participation, Missouri Project, Series 2022, 5.000%, 12/01/44 |
||||
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+ |
1,691,113 |
2,535 |
5.000%, 12/01/32 |
12/25 at 100.00 |
AA+ |
2,613,332 |
3,500 |
Saint Louis County Industrial Development Authority, Missouri, Health Facilities Revenue |
11/25 at 100.00 |
N/R |
3,193,785 |
Bonds, Ranken-Jordan Project, Refunding & Improvement Series 2016, 5.000%, 11/15/41 |
||||
220 |
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship |
9/23 at 100.00 |
BB+ |
213,426 |
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+ |
5,926,077 |
Village Saint Louis Obligated Group, Series 2018A, 5.250%, 9/01/53 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Missouri (continued) |
||||
$ 725 |
The Industrial Development Authority of the City of Saint Louis, Missouri, Development |
11/26 at 100.00 |
N/R |
$ 622,565 |
Financing Revenue Bonds, Ballpark Village Development Project, Series 2017A, |
||||
3.875%, 11/15/29 |
||||
243,870 |
Total Missouri |
218,068,922 | ||
Montana – 0.6% (0.3% of Total Investments) |
||||
1,475 |
Kalispell, Montana, Housing and Healthcare Facilities Revenue Bonds, Immanuel Lutheran |
5/25 at 102.00 |
N/R |
1,248,750 |
Corporation, Series 2017A, 5.250%, 5/15/47 |
||||
4,965 |
Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell |
7/28 at 100.00 |
BBB |
4,684,974 |
Regional Medical Center, Series 2018B, 5.000%, 7/01/48 |
||||
2,580 |
Montana Facility Finance Authority, Hospital Revenue Bonds, Benefis Health System |
2/27 at 100.00 |
A+ |
2,483,250 |
Obligated Group, Refunding Series 2016, 5.000%, 2/15/41 |
||||
3,310 |
Montana Facility Finance Authority, Montana, Health Facilities Revenue Bonds, Bozeman |
6/28 at 100.00 |
A |
3,199,314 |
Deaconess Health Services Obligated Group, Series 2018, 5.000%, 6/01/48 |
||||
1,825 |
Montana Facility Finance Authority, Revenue Bonds, Billings Clinic Obligated Group, |
8/28 at 100.00 |
AA– |
1,766,180 |
Series 2018A, 5.000%, 8/15/48 |
||||
6,530 |
Montana State University, General Revenue Bonds, Series 2022, 5.250%, 11/15/52 – |
11/32 at 100.00 |
Aa3 |
6,887,256 |
AGM Insured |
||||
20,685 |
Total Montana |
20,269,724 | ||
Nebraska – 1.3% (0.7% of Total Investments) |
||||
14,165 |
Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Refunding |
No Opt. Call |
BBB+ |
13,571,203 |
Crossover Series 2017A, 5.000%, 9/01/42 |
||||
3,000 |
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, |
5/27 at 100.00 |
A1 |
2,929,980 |
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 |
3,407,810 |
1,400 |
5.000%, 11/01/48 |
11/25 at 100.00 |
A |
1,349,040 |
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 |
2,184,808 |
2,000 |
5.000%, 7/01/30 |
7/27 at 100.00 |
BBB |
2,029,400 |
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 |
1,007,150 |
820 |
5.000%, 7/01/33 |
7/25 at 100.00 |
BBB |
824,535 |
2,000 |
5.000%, 7/01/34 |
7/25 at 100.00 |
BBB |
2,008,860 |
5,110 |
Municipal Energy Agency of Nebraska, Power Supply System Revenue Bonds, Refunding Series |
10/26 at 100.00 |
A |
5,333,052 |
2016A, 5.000%, 4/01/38 |
||||
4,000 |
Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2022B, |
2/32 at 100.00 |
Aa2 |
4,276,400 |
5.250%, 2/01/52 |
||||
4,655 |
Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation |
12/32 at 100.00 |
AA– |
4,055,110 |
Bonds, Series 2022, 4.000%, 12/15/47 |
||||
43,800 |
Total Nebraska |
42,977,348 | ||
Nevada – 2.2% (1.3% of Total Investments) |
||||
6,480 |
Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, |
9/27 at 100.00 |
A– |
6,198,120 |
Series 2017A, 5.000%, 9/01/47 |
||||
7,525 |
Clark County, Nevada, General Obligation Bonds, Stadium Improvement, Limited Tax |
6/28 at 100.00 |
AA+ |
7,671,963 |
Additionally Secured by Pledged Revenues, Series 2018A, 5.000%, 5/01/48 |
||||
365 |
Director of the State of Nevada Department of Business and Industry, Charter School |
12/25 at 100.00 |
BB |
341,925 |
Lease Revenue Bonds, Somerset Academy, Series 2018A, 5.000%, 12/15/38, 144A |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Nevada (continued) |
||||
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 |
$ 2,231,092 |
1,525 |
4.000%, 9/01/27 |
9/26 at 100.00 |
N/R |
1,461,652 |
2,660 |
4.000%, 9/01/29 |
9/26 at 100.00 |
N/R |
2,486,621 |
2,920 |
4.000%, 9/01/30 |
9/26 at 100.00 |
N/R |
2,695,656 |
18,000 |
Las Vegas Convention and Visitors Authority, Nevada, Convention Center Expansion Revenue |
7/28 at 100.00 |
A |
18,245,520 |
Bonds, Series 2018B, 5.000%, 7/01/43 |
||||
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 |
5,148,300 |
6,620 |
5.000%, 6/01/39 |
12/24 at 100.00 |
AA |
6,756,306 |
11,915 |
5.000%, 6/01/39 (UB) (8) |
12/24 at 100.00 |
AA |
12,160,330 |
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Tender Option Bond |
||||
Trust 2015-XF0233: |
||||
3,995 |
11.825%, 6/01/24, 144A (IF) (8) |
No Opt. Call |
AA |
4,323,828 |
1,000 |
11.934%, 6/01/24, 144A (IF) (8) |
No Opt. Call |
AA |
1,082,360 |
2,500 |
11.831%, 6/01/39, 144A (IF) (8) |
12/24 at 100.00 |
AA |
2,705,900 |
1,250 |
11.831%, 6/01/39, 144A (IF) (8) |
12/24 at 100.00 |
AA |
1,352,950 |
1,250 |
11.831%, 6/01/39, 144A (IF) (8) |
12/24 at 100.00 |
AA |
1,352,950 |
75,305 |
Total Nevada |
76,215,473 | ||
New Hampshire – 0.2% (0.1% of Total Investments) |
||||
1,500 |
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Concord |
10/27 at 100.00 |
A2 |
1,422,795 |
Hospital, Series 2017, 5.000%, 10/01/47 |
||||
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 |
1,117,821 |
2,935 |
5.000%, 8/01/37 |
2/28 at 100.00 |
A |
2,936,585 |
1,110 |
New Hampshire Health and Education Facilities Authority, Revenue Bonds, |
No Opt. Call |
A |
1,035,252 |
Dartmouth-Hitchcock Obligated Group, Series 2020A, 5.000%, 8/01/59 |
||||
6,660 |
Total New Hampshire |
6,512,453 | ||
New Jersey – 7.3% (4.3% of Total Investments) |
||||
10,600 |
New Jersey Economic Development Authority, Revenue Bonds, New Jersey Transit Corporation |
No Opt. Call |
BBB |
10,916,940 |
Projects Sublease, Refunding Series 2017B, 5.000%, 11/01/25 |
||||
6,000 |
New Jersey Economic Development Authority, Revenue Bonds, Provident Group – Montclair |
6/27 at 100.00 |
A2 |
5,828,460 |
Properties LLC, Montclair State University Student Housing Project, Refunding Series 2017, |
||||
5.000%, 6/01/42 – AGM Insured |
||||
20,890 |
New Jersey Economic Development Authority, School Facilities Construction Bonds, |
12/26 at 100.00 |
BBB (4) |
22,669,828 |
Refunding Series 2016BBB, 5.500%, 6/15/30 (Pre-refunded 12/15/26) |
||||
New Jersey Economic Development Authority, School Facilities Construction Bonds, |
||||
Series 2014UU: |
||||
5,515 |
5.000%, 6/15/30 (Pre-refunded 6/15/24) |
6/24 at 100.00 |
BBB (4) |
5,664,291 |
4,065 |
5.000%, 6/15/40 |
6/24 at 100.00 |
BBB |
3,994,350 |
935 |
5.000%, 6/15/40 (Pre-refunded 6/15/24) |
6/24 at 100.00 |
N/R (4) |
959,572 |
1,000 |
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series |
12/28 at 100.00 |
BBB |
967,280 |
2018EEE, 5.000%, 6/15/43 |
||||
2,415 |
New Jersey Economic Development Authority, School Facilities Construction Bonds, Social |
12/30 at 100.00 |
BBB |
1,932,241 |
Series 2021QQQ, 4.000%, 6/15/50 |
||||
2,500 |
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hackensack |
7/27 at 100.00 |
AA– |
2,575,600 |
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 |
AA– |
724,745 |
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 |
AA– |
10,869,624 |
Health Obligated Group, Refunding Series 2016A, 5.000%, 7/01/43 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
New Jersey (continued) |
||||
$ 12,775 |
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas |
7/31 at 100.00 |
Aa3 |
$ 10,453,655 |
Health Obligated Group, Series 2021A, 4.000%, 7/01/51 |
||||
695 |
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University |
7/25 at 100.00 |
BB– |
669,626 |
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 |
3,144,489 |
7,795 |
5.000%, 6/15/29 |
6/26 at 100.00 |
Baa1 |
8,020,977 |
5,450 |
New Jersey Transportation Trust Fund Authority, Transportation Program Bonds, Series |
12/31 at 100.00 |
BBB+ |
4,448,508 |
2022BB, 4.000%, 6/15/46 |
||||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital |
||||
Appreciation Series 2010A: |
||||
5,000 |
0.000%, 12/15/26 |
No Opt. Call |
BBB |
4,202,600 |
16,495 |
0.000%, 12/15/33 |
No Opt. Call |
BBB |
9,514,646 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding |
||||
Series 2006C: |
||||
1,815 |
0.000%, 12/15/26 |
No Opt. Call |
AA+ |
1,539,156 |
10,000 |
0.000%, 12/15/30 – FGIC Insured |
No Opt. Call |
BBB |
6,908,000 |
38,000 |
0.000%, 12/15/33 – AGM Insured |
No Opt. Call |
BBB+ |
22,134,240 |
45,000 |
0.000%, 12/15/35 – AMBAC Insured |
No Opt. Call |
BBB |
23,105,700 |
10,000 |
0.000%, 12/15/36 – AMBAC Insured |
No Opt. Call |
BBB |
4,854,500 |
5,000 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series |
No Opt. Call |
BBB |
5,070,050 |
2010D, 5.000%, 12/15/23 |
||||
7,500 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series |
6/23 at 100.00 |
BBB |
7,518,225 |
2013AA, 5.500%, 6/15/39 |
||||
5,000 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series |
12/29 at 100.00 |
BBB |
5,112,150 |
2019A, 5.000%, 12/15/32 |
||||
5,000 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series |
12/28 at 100.00 |
BBB |
4,136,600 |
2019BB, 4.000%, 6/15/44 |
||||
10,000 |
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series |
12/30 at 100.00 |
BBB |
8,001,000 |
2020AA, 4.000%, 6/15/50 |
||||
14,000 |
New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2005D-1, 5.250%, |
No Opt. Call |
A2 |
14,712,740 |
1/01/26 – AGM Insured |
||||
1,160 |
New Jersey Turnpike Authority, Revenue Bonds, Series 2017B, 4.000%, 1/01/34 |
1/28 at 100.00 |
A2 |
1,134,944 |
1,500 |
New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2017G, 4.000%, 1/01/33 |
1/28 at 100.00 |
A2 |
1,490,745 |
5,500 |
New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2022B, 5.000%, 1/01/46 |
1/33 at 100.00 |
N/R |
5,631,175 |
(UB) (WI/DD, Settling 11/03/2022) |
||||
3,000 |
Rahway Valley Sewerage Authority, New Jersey, Sewer Revenue Bonds, Series 2005A, 0.000%, |
No Opt. Call |
Aa3 |
2,700,540 |
9/01/25 – NPFG Insured |
||||
Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L: |
||||
2,000 |
5.000%, 5/01/38 (Pre-refunded 5/01/23) |
5/23 at 100.00 |
A+ (4) |
2,018,380 |
910 |
5.000%, 5/01/43 (Pre-refunded 5/01/23) |
5/23 at 100.00 |
A+ (4) |
918,363 |
3,905 |
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, |
11/30 at 100.00 |
Baa2 |
3,766,607 |
Series 2020A, 5.000%, 11/01/45 |
||||
5,000 |
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, |
11/32 at 100.00 |
Baa2 |
4,952,150 |
Series 2022A, 5.250%, 11/01/52 |
||||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed |
||||
Bonds, Series 2018A: |
||||
10,355 |
5.000%, 6/01/46 |
6/28 at 100.00 |
BBB+ |
9,966,066 |
4,710 |
5.250%, 6/01/46 |
6/28 at 100.00 |
BBB+ |
4,567,334 |
2,615 |
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed |
6/28 at 100.00 |
BB+ |
2,404,388 |
Bonds, Series 2018B, 5.000%, 6/01/46 |
||||
308,840 |
Total New Jersey |
250,200,485 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
New York – 10.0% (5.9% of Total Investments) |
||||
$ 7,000 |
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue |
No Opt. Call |
Ba1 |
$ 1,645,560 |
Bonds, Barclays Center Project, Series 2009, 0.000%, 7/15/45 |
||||
Dormitory Authority of the State of New York, Revenue Bonds, New School University, |
||||
Series 2015A: |
||||
11,930 |
5.000%, 7/01/50 |
7/25 at 100.00 |
BBB+ |
11,386,111 |
900 |
5.000%, 7/01/50 (Pre-refunded 7/01/25) |
7/25 at 100.00 |
N/R (4) |
937,566 |
4,000 |
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series |
7/23 at 100.00 |
AA– (4) |
4,049,600 |
2013A, 5.000%, 7/01/43 (Pre-refunded 7/01/23) |
||||
1,000 |
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical |
6/27 at 100.00 |
BBB– |
974,590 |
Center Obligated Group, Series 2017, 5.000%, 12/01/33, 144A |
||||
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, |
||||
General Purpose Series 2015B Group C: |
||||
14,070 |
5.000%, 2/15/36 |
2/25 at 100.00 |
Aa2 |
14,370,113 |
5 |
5.000%, 2/15/36 (Pre-refunded 2/15/25) |
2/25 at 100.00 |
N/R (4) |
5,187 |
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, |
||||
General Purpose Series 2022A: |
||||
10,000 |
4.000%, 3/15/39 |
3/32 at 100.00 |
AA+ |
9,137,200 |
15,355 |
5.000%, 3/15/46 |
3/32 at 100.00 |
AA+ |
15,698,492 |
4,115 |
4.000%, 3/15/49 |
3/32 at 100.00 |
AA+ |
3,495,651 |
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, |
||||
General Purpose, Series 2019A. Bidding Group 1,2,3,4: |
||||
4,000 |
5.000%, 3/15/45 |
3/29 at 100.00 |
Aa2 |
4,078,920 |
14,800 |
4.000%, 3/15/48 |
3/29 at 100.00 |
AA+ |
12,631,060 |
41,175 |
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, |
2/30 at 100.00 |
Aa2 |
35,331,032 |
General Purpose, Series 2019D, 4.000%, 2/15/47 |
||||
10,000 |
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series |
9/28 at 100.00 |
N/R |
10,306,500 |
2018E Group 2, 5.000%, 3/15/40 |
||||
1,645 |
Genesee County Funding Corporation, New York, Revenue Bonds, Rochester Regional Health |
12/32 at 100.00 |
BBB+ |
1,542,549 |
Project, Series 2022A, 5.250%, 12/01/52 |
||||
10,000 |
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, |
No Opt. Call |
BBB+ |
10,350,800 |
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 |
A2 |
973,731 |
780 |
5.000%, 9/01/44 |
9/24 at 100.00 |
A |
791,817 |
5,000 |
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series |
9/28 at 100.00 |
A |
5,174,250 |
2018, 5.000%, 9/01/37 |
||||
1,000 |
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University |
7/23 at 100.00 |
AA– (4) |
1,012,070 |
of Rochester Project, Series 2013A, 5.000%, 7/01/43 (Pre-refunded 7/01/23) |
||||
7,225 |
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second |
6/23 at 100.00 |
AA+ |
7,266,399 |
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 |
6/30 at 100.00 |
AA+ |
4,451,300 |
General Resolution Revenue Bonds, Fiscal 2020 Series EE, 4.000%, 6/15/42 |
||||
5,500 |
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second |
6/30 at 100.00 |
AA+ |
4,662,020 |
General Resolution Revenue Bonds, Fiscal 2020 Series GG-1, 4.000%, 6/15/50 |
||||
3,500 |
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, |
7/27 at 100.00 |
Aa3 |
3,328,535 |
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 |
5,031,150 |
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 |
5,088,200 |
Subordinate Fiscal 2018 Series C-3, 5.000%, 5/01/41 |
||||
7,000 |
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, |
11/30 at 100.00 |
Aa1 |
6,020,280 |
Subordinate Fiscal 2021 Subseries C-1, 4.000%, 5/01/46 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
New York (continued) |
||||
$ 9,500 |
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, |
2/31 at 100.00 |
Aa1 |
$ 8,436,570 |
Subordinate Fiscal 2021 Subseries E-1, 4.000%, 2/01/42 |
||||
1,500 |
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, |
2/32 at 100.00 |
Aa1 |
1,523,790 |
Subordinate Fiscal 2022 Subseries F-1, 5.000%, 2/01/51 |
||||
2,060 |
New York City, New York, General Obligation Bonds, Fiscal 2017 Series B-1, 5.000%, 12/01/41 |
12/26 at 100.00 |
AA– |
2,097,822 |
10,370 |
New York City, New York, General Obligation Bonds, Fiscal 2020 Series A-1, 4.000%, 8/01/42 |
8/29 at 100.00 |
AA– |
9,102,475 |
3,500 |
New York City, New York, General Obligation Bonds, Fiscal 2020 SeriesD-1, 4.000%, 3/01/50 |
3/30 at 100.00 |
AA– |
2,972,725 |
1,910 |
New York City, New York, General Obligation Bonds, Fiscal 2021 Series C, 4.000%, 8/01/41 |
8/30 at 100.00 |
AA– |
1,692,069 |
New York City, New York, General Obligation Bonds, Fiscal 2021 Series F-1: |
||||
12,000 |
4.000%, 3/01/47 |
3/31 at 100.00 |
AA– |
10,328,640 |
12,000 |
5.000%, 3/01/50 |
3/31 at 100.00 |
AA– |
12,215,160 |
10 |
New York City, New York, General Obligation Bonds, Fiscal Series 1996J, 5.500%, 2/15/26 |
12/22 at 100.00 |
AA– |
10,020 |
5 |
New York City, New York, General Obligation Bonds, Fiscal Series 1997H, 6.125%, 8/01/25 |
12/22 at 100.00 |
AA– |
5,012 |
23,920 |
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade |
11/24 at 100.00 |
N/R |
21,016,112 |
Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A |
||||
1,590 |
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Secured by |
2/30 at 100.00 |
AA |
1,352,549 |
Port Authority Consolidated Bonds, Refunding Series 1WTC-2021, 4.000%, 2/15/43 – BAM Insured |
||||
10,000 |
New York State Thruway Authority, General Revenue Junior Indebtedness Obligations, |
1/26 at 100.00 |
A– |
10,116,600 |
Series 2016A, 5.250%, 1/01/56 |
||||
5,900 |
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Bidding Group |
9/32 at 100.00 |
AA+ |
4,935,645 |
1 Series 2022A, 4.000%, 3/15/50 |
||||
4,000 |
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series |
3/31 at 100.00 |
AA+ |
3,467,800 |
2021A-1, 4.000%, 3/15/44 |
||||
25,035 |
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, |
9/32 at 100.00 |
Aa1 |
25,645,854 |
General Purpose, Series 2022A, 5.000%, 3/15/45 |
||||
7,500 |
New York State Urban Development Corporation, State Sales Tax Revenue Bonds, Series |
9/29 at 100.00 |
N/R |
7,700,850 |
2019A, 5.000%, 3/15/40 |
||||
3,925 |
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred |
12/23 at 100.00 |
A+ |
3,976,967 |
Seventy Ninth Series 2013, 5.000%, 12/01/38 |
||||
5,000 |
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, |
5/25 at 100.00 |
AA– |
5,065,750 |
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+ |
7,152,610 |
1,105 |
0.000%, 11/15/32 |
No Opt. Call |
A+ |
697,310 |
1,300 |
Triborough Bridge and Tunnel Authority, New York, General Revenue Bonds, MTA Bridges & |
11/30 at 100.00 |
AA– |
1,316,783 |
Tunnels, Series 2020A, 5.000%, 11/15/54 |
||||
3,500 |
Triborough Bridge and Tunnel Authority, New York, Payroll Mobility Tax Bonds, Senior |
11/32 at 100.00 |
AA+ |
3,673,390 |
Lien Green Bonds, Series 2022D-2, 5.250%, 5/15/47 |
||||
5,500 |
Triborough Bridge and Tunnel Authority, New York, Payroll Mobility Tax Bonds, Senior |
5/31 at 100.00 |
AA+ |
5,609,120 |
Lien Subseries 2021A-1, 5.000%, 5/15/51 |
||||
10,000 |
Triborough Bridge and Tunnel Authority, New York, Sales Tax Revenue Bonds, MTA Bridges & |
11/32 at 100.00 |
AA+ |
10,367,700 |
Tunnels, TBTA Capital Lockbox-City Sales Tax, Series 2022A, 5.250%, 5/15/57 |
||||
5,000 |
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/45 |
6/27 at 100.00 |
CCC+ |
4,352,300 |
372,900 |
Total New York |
344,572,306 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
North Carolina – 5.5% (3.2% of Total Investments) |
||||
Buncombe County, North Carolina, Limited Obligation Bonds, Refunding Series 2014A: |
||||
$ 1,085 |
5.000%, 6/01/33 (Pre-refunded 6/01/24) |
6/24 at 100.00 |
AA+ (4) |
$ 1,113,698 |
1,600 |
5.000%, 6/01/34 (Pre-refunded 6/01/24) |
6/24 at 100.00 |
AA+ (4) |
1,642,320 |
Catawba County, North Carolina, General Obligation Bonds, Limited Obligation Series 2014A: |
||||
1,000 |
5.000%, 6/01/30 |
6/24 at 100.00 |
AA |
1,023,760 |
730 |
5.000%, 6/01/31 |
6/24 at 100.00 |
AA |
746,316 |
3,000 |
Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, |
7/24 at 100.00 |
Aa3 |
3,066,600 |
Refunding Series 2014A, 5.000%, 7/01/28 |
||||
Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, |
||||
Refunding Series 2017A: |
||||
1,365 |
5.000%, 7/01/42 (UB) (8) |
7/27 at 100.00 |
Aa3 |
1,381,612 |
5,390 |
5.000%, 7/01/47 (UB) (8) |
7/27 at 100.00 |
Aa3 |
5,425,897 |
2,045 |
Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Refunding Series 2014, |
12/24 at 100.00 |
AAA |
2,092,158 |
5.000%, 12/01/39 |
||||
Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2015: |
||||
940 |
5.000%, 7/01/32 |
7/25 at 100.00 |
AAA |
976,773 |
2,325 |
5.000%, 7/01/40 |
7/25 at 100.00 |
AAA |
2,389,542 |
16,865 |
Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2018, |
7/28 at 100.00 |
AAA |
17,631,177 |
5.000%, 7/01/44 (UB) (8) |
||||
2,055 |
Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2018, |
7/28 at 100.00 |
AAA |
2,148,359 |
5.000%, 7/01/44 |
||||
4,000 |
Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, |
1/29 at 100.00 |
AA– |
4,122,600 |
Doing Business as Atrium Health, Refunding Series 2018A, 5.000%, 1/15/36 |
||||
835 |
Durham, North Carolina, General Obligation Bonds, Refunding Series 2015, 5.000%, 10/01/26 |
No Opt. Call |
AAA |
888,949 |
5,000 |
East Carolina University, North Carolina, General Revenue Bonds, Series 2014A, 5.000%, |
10/23 at 100.00 |
AA– (4) |
5,082,800 |
10/01/41 (Pre-refunded 10/01/23) |
||||
4,750 |
Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017A, |
6/27 at 100.00 |
Aa1 |
4,266,688 |
4.000%, 6/01/47 |
||||
2,000 |
Greensboro, North Carolina, Limited Obligation Bonds, Coliseum Complex Project, Series |
4/28 at 100.00 |
Aa2 (4) |
2,166,720 |
2018A, 5.000%, 4/01/42 (Pre-refunded 4/01/28) |
||||
500 |
Henderson County, North Carolina, Limited Obligation Bonds, Series 2015, 5.000%, 10/01/31 |
10/25 at 100.00 |
AA |
519,810 |
215 |
Hillsborough, North Carolina, Special Assessment Revenue Bonds, Series 2013, |
2/23 at 100.00 |
N/R |
213,757 |
7.750%, 2/01/24 |
||||
500 |
New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical |
10/23 at 100.00 |
N/R (4) |
507,690 |
Center, Refunding Series 2013, 5.000%, 10/01/26 (Pre-refunded 10/01/23) |
||||
6,140 |
New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical |
10/27 at 100.00 |
N/R (4) |
6,596,570 |
Center, Series 2017, 5.000%, 10/01/47 (Pre-refunded 10/01/27) |
||||
1,800 |
North Carolina Agricultural & Technical State University, General Revenue Bonds, |
10/25 at 100.00 |
A1 |
1,843,434 |
Refunding Series 2015A, 5.000%, 10/01/40 |
||||
3,900 |
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University |
10/26 at 100.00 |
AA+ |
4,050,111 |
Project, Refunding Series 2016B, 5.000%, 7/01/42 |
||||
9,485 |
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University |
10/25 at 100.00 |
AA+ (4) |
9,942,272 |
Project, Series 2015 A, 5.000%, 10/01/55 (Pre-refunded 10/01/25) (UB) (8) |
||||
1,605 |
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University |
10/25 at 100.00 |
AA+ (4) |
1,682,377 |
Project, Series 2015 A, 5.000%, 10/01/55 (Pre-refunded 10/01/25) |
||||
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Johnson & Wales |
||||
University, Series 2013A: |
||||
1,560 |
5.000%, 4/01/32 (Pre-refunded 4/01/23) |
4/23 at 100.00 |
Baa2 (4) |
1,571,310 |
1,000 |
5.000%, 4/01/33 (Pre-refunded 4/01/23) |
4/23 at 100.00 |
Baa2 (4) |
1,007,250 |
5,000 |
North Carolina Capital Facilities Financing Agency, Educational Facility Revenue Bonds, |
7/26 at 100.00 |
Aa3 |
4,736,150 |
Wake Forest University, Refunding Series 2016, 4.000%, 1/01/37 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
North Carolina (continued) |
||||
$ 2,500 |
North Carolina Capital Facilities Financing Agency, Educational Facility Revenue Bonds, |
1/28 at 100.00 |
Aa3 |
$ 2,577,950 |
Wake Forest University, Series 2018, 5.000%, 1/01/48 |
||||
2,720 |
North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue |
10/24 at 102.00 |
N/R |
2,471,718 |
Bonds, Southminster Project, Refunding Series 2016, 5.000%, 10/01/37 |
||||
2,690 |
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Deerfield |
11/26 at 100.00 |
A |
2,738,070 |
Episcopal Retirement Community, Refunding First Mortgage Series 2016, 5.000%, 11/01/37 |
||||
3,000 |
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Wake |
12/22 at 100.00 |
A2 |
2,940,450 |
Forest Baptist Obligated Group, Series 2012A, 5.000%, 12/01/45 |
||||
450 |
North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue |
10/23 at 100.00 |
N/R (4) |
456,719 |
Bonds, United Methodist Retirement Homes, Refunding Series 2013A, 5.000%, 10/01/33 |
||||
(Pre-refunded 10/01/23) |
||||
500 |
North Carolina Medical Care Commission, Revenue Bonds, First Mortgage Galloway Ridge |
1/27 at 103.00 |
N/R |
429,185 |
Project, Refunding Series 2019A, 5.000%, 1/01/39 |
||||
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding |
||||
Series 2015A: |
||||
1,545 |
5.000%, 1/01/28 |
1/26 at 100.00 |
A |
1,610,462 |
1,500 |
5.000%, 1/01/32 |
1/26 at 100.00 |
A |
1,550,355 |
760 |
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding |
7/26 at 100.00 |
A |
793,470 |
Series 2016A, 5.000%, 1/01/30 |
||||
2,020 |
North Carolina State University at Raleigh, General Revenue Bonds, Series 2013A, 5.000%, |
10/23 at 100.00 |
AA (4) |
2,051,068 |
10/01/42 (Pre-refunded 10/01/23) |
||||
North Carolina State, Limited Obligation Bonds, Refunding Series 2017B: |
||||
2,000 |
5.000%, 5/01/29 (UB) (8) |
5/27 at 100.00 |
AA+ |
2,129,340 |
4,000 |
5.000%, 5/01/30 (UB) (8) |
5/27 at 100.00 |
AA+ |
4,248,200 |
North Carolina Turnpike Authority, Monroe Expressway Toll Revenue Bonds, Capital |
||||
Appreciation Series 2017C: |
||||
835 |
0.000%, 7/01/28 |
7/26 at 91.99 |
Baa3 |
633,356 |
800 |
0.000%, 7/01/30 |
7/26 at 83.69 |
Baa3 |
546,512 |
850 |
0.000%, 7/01/31 |
7/26 at 79.58 |
Baa3 |
547,256 |
2,400 |
0.000%, 7/01/33 |
7/26 at 71.99 |
Baa3 |
1,371,960 |
3,160 |
0.000%, 7/01/36 |
7/26 at 61.63 |
Baa3 |
1,505,487 |
3,100 |
0.000%, 7/01/37 |
7/26 at 58.52 |
Baa3 |
1,383,871 |
1,900 |
0.000%, 7/01/40 |
7/26 at 50.36 |
Baa3 |
688,408 |
400 |
North Carolina Turnpike Authority, Monroe Expressway Toll Revenue Bonds, Series 2017A, |
7/26 at 100.00 |
Baa3 |
371,768 |
5.000%, 7/01/47 |
||||
2,200 |
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding |
1/27 at 100.00 |
BBB |
2,240,810 |
Senior Lien Series 2017, 5.000%, 1/01/39 – AGM Insured |
||||
1,000 |
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding |
1/29 at 100.00 |
BBB |
961,940 |
Series 2018, 5.000%, 1/01/40 |
||||
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien |
||||
Series 2009B: |
||||
150 |
0.000%, 1/01/31 – AGC Insured |
No Opt. Call |
BBB |
102,891 |
4,375 |
0.000%, 1/01/33 – AGC Insured |
No Opt. Call |
BBB |
2,675,137 |
2,300 |
0.000%, 1/01/34 – AGC Insured |
No Opt. Call |
BBB |
1,328,894 |
2,380 |
0.000%, 1/01/35 – AGC Insured |
No Opt. Call |
BBB |
1,287,056 |
7,575 |
0.000%, 1/01/37 – AGC Insured |
No Opt. Call |
BBB |
3,607,670 |
1,470 |
0.000%, 1/01/38 – AGC Insured |
No Opt. Call |
BBB |
655,341 |
10,000 |
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien |
1/30 at 100.00 |
BBB |
9,248,400 |
Series 2019, 5.000%, 1/01/49 |
||||
3,040 |
Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2015, |
6/25 at 100.00 |
A2 |
3,128,190 |
5.000%, 6/01/33 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
North Carolina (continued) |
||||
Raleigh, North Carolina, Combined Enterprise System Revenue Bonds, Refunding |
||||
Series 2013A: |
||||
$ 5,000 |
5.000%, 3/01/28 (Pre-refunded 3/01/23) |
3/23 at 100.00 |
AAA (4) |
$ 5,030,550 |
3,785 |
5.000%, 3/01/43 (Pre-refunded 3/01/23) |
3/23 at 100.00 |
AAA (4) |
3,808,126 |
5,000 |
Raleigh, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series |
3/27 at 100.00 |
AAA |
4,513,550 |
2016A, 4.000%, 3/01/46 |
||||
1,000 |
Raleigh, North Carolina, General Obligation Bonds, Refunding Series 2016A, |
No Opt. Call |
AAA |
1,063,360 |
5.000%, 9/01/26 |
||||
1,000 |
Raleigh, North Carolina, Limited Obligation Bonds, Series 2013, 5.000%, 10/01/33 |
10/23 at 100.00 |
AA+ (4) |
1,016,280 |
(Pre-refunded 10/01/23) |
||||
1,305 |
Raleigh, North Carolina, Limited Obligation Bonds, Series 2014A, 5.000%, 10/01/26 |
10/24 at 100.00 |
AA+ |
1,346,303 |
Sampson County, North Carolina, Limited Obligation Bonds, Refunding Series 2017: |
||||
300 |
5.000%, 9/01/32 |
9/27 at 100.00 |
A |
313,608 |
1,250 |
4.000%, 9/01/35 |
9/27 at 100.00 |
A |
1,155,050 |
1,265 |
4.000%, 9/01/36 |
9/27 at 100.00 |
A |
1,159,094 |
1,000 |
4.000%, 9/01/37 |
9/27 at 100.00 |
A |
910,410 |
1,100 |
Union County, North Carolina, Enterprise System Revenue Bonds, Series 2019A, |
6/29 at 100.00 |
Aa2 |
993,520 |
4.000%, 6/01/44 |
||||
800 |
University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2015, |
4/25 at 100.00 |
A+ (4) |
833,112 |
5.000%, 4/01/45 (Pre-refunded 4/01/25) |
||||
170 |
University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A, |
10/27 at 100.00 |
A+ |
179,019 |
5.000%, 10/01/31 |
||||
University of North Carolina, Charlotte, General Revenue Bonds, Series 2014: |
||||
2,070 |
5.000%, 4/01/32 (Pre-refunded 4/01/24) |
4/24 at 100.00 |
A+ (4) |
2,120,757 |
1,175 |
5.000%, 4/01/33 (Pre-refunded 4/01/24) |
4/24 at 100.00 |
A+ (4) |
1,203,811 |
1,385 |
5.000%, 4/01/35 (Pre-refunded 4/01/24) |
4/24 at 100.00 |
A+ (4) |
1,418,960 |
4,735 |
University of North Carolina, Charlotte, General Revenue Bonds, Series 2017, 5.000%, |
10/27 at 100.00 |
A+ |
4,862,324 |
10/01/42 |
||||
University of North Carolina, Greensboro, General Revenue Bonds, Series 2014: |
||||
1,000 |
5.000%, 4/01/32 |
4/24 at 100.00 |
A+ |
1,018,960 |
3,065 |
5.000%, 4/01/39 |
4/24 at 100.00 |
A+ |
3,123,112 |
4,765 |
University of North Carolina, Greensboro, General Revenue Bonds, Series 2018, |
4/28 at 100.00 |
A+ |
4,938,017 |
5.000%, 4/01/43 |
||||
University of North Carolina, Wilmington, General Revenue Bonds, Refunding Series 2019B: |
||||
1,500 |
4.000%, 10/01/44 |
10/29 at 100.00 |
Aa3 |
1,319,955 |
1,845 |
4.000%, 10/01/49 |
10/29 at 100.00 |
Aa3 |
1,577,272 |
1,250 |
Western Carolina University, North Carolina, General Revenue Bonds, Refunding Series |
10/25 at 100.00 |
Aa3 |
1,272,600 |
2015A, 5.000%, 10/01/45 |
||||
204,075 |
Total North Carolina |
190,296,384 | ||
North Dakota – 0.9% (0.5% of Total Investments) |
||||
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System |
||||
Obligated Group, Series 2017A: |
||||
1,000 |
5.000%, 12/01/37 |
12/27 at 100.00 |
BBB– |
987,830 |
8,525 |
5.000%, 12/01/42 |
12/27 at 100.00 |
BBB– |
7,958,429 |
7,070 |
4.000%, 12/01/47 |
12/27 at 100.00 |
BBB– |
5,384,300 |
1,800 |
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System |
12/31 at 100.00 |
BBB– |
1,341,558 |
Obligated Group, Series 2021, 4.000%, 12/01/51 |
||||
900 |
Grand Forks, North Dakota, Senior Housing & Nursing Facilities Revenue Bonds, Valley |
12/26 at 100.00 |
N/R |
777,384 |
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 |
495,370 |
Homes Obligated Group, Series 2016A, 5.125%, 12/01/24 |
||||
2,700 |
University of North Dakota, Certificates of Participation, Housing Infrastructure |
6/30 at 100.00 |
A1 |
2,219,346 |
Project, Series 2021A, 4.000%, 6/01/51 – AGM Insured |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
North Dakota (continued) |
||||
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– |
$ 9,129,731 |
2,610 |
5.000%, 6/01/48 |
6/28 at 100.00 |
BBB– |
2,089,775 |
1,420 |
Williston, North Dakota, Multifamily Housing Revenue Bonds, Eagle Crest Apartments LLC |
9/23 at 100.00 |
N/R |
710,000 |
Project, Series 2013, 7.750%, 9/01/38 (6) |
||||
37,590 |
Total North Dakota |
31,093,723 | ||
Ohio – 7.0% (4.1% 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 |
BBB+ |
2,954,979 |
8,255 |
5.250%, 11/15/46 |
11/26 at 100.00 |
BBB+ |
7,853,477 |
11,940 |
Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Refunding & |
11/24 at 100.00 |
A+ |
12,013,909 |
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 |
A+ |
7,840,478 |
4.000%, 8/01/38 |
||||
2,750 |
Bowling Green State University, Ohio, General Receipts Bonds, Series 2017B, 5.000%, 6/01/42 |
6/27 at 100.00 |
A+ |
2,820,565 |
25,315 |
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed |
6/30 at 22.36 |
N/R |
2,530,234 |
Revenue Bonds, Refunding Senior Lien Capital Appreciation Series 2020B-3 Class 2, |
||||
0.000%, 6/01/57 |
||||
2,085 |
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed |
6/30 at 100.00 |
BBB+ |
1,653,280 |
Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 4.000%, 6/01/48 |
||||
41,270 |
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed |
6/30 at 100.00 |
N/R |
34,784,832 |
Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55 |
||||
5,000 |
Cleveland Clinic Health System Obligated Group, Ohio, Martin County Health Facilities |
1/29 at 100.00 |
Aa2 |
4,439,700 |
Authority, Hospital Revenue Bonds, Series 2019B, 4.000%, 1/01/43 |
||||
Cleveland Heights-University Heights City School District, Ohio, General Obligation |
||||
Bonds, School Improvement Series 2014: |
||||
7,060 |
5.000%, 12/01/51 (Pre-refunded 6/01/23) |
6/23 at 100.00 |
A1 (4) |
7,135,189 |
10,480 |
5.000%, 12/01/51 (Pre-refunded 6/01/23) |
6/23 at 100.00 |
N/R (4) |
10,591,612 |
Cleveland-Cuyahoga County Port Authority, Ohio, Cultural Facility Revenue Bonds, The |
||||
Cleveland Museum of Natural History Project, Series 2021: |
||||
300 |
4.000%, 7/01/37 |
7/31 at 100.00 |
A3 |
277,818 |
300 |
4.000%, 7/01/38 |
7/31 at 100.00 |
A3 |
274,686 |
350 |
4.000%, 7/01/39 |
7/31 at 100.00 |
A3 |
317,615 |
1,000 |
4.000%, 7/01/51 |
7/31 at 100.00 |
A3 |
790,300 |
5,165 |
Cuyahoga Community College District, Ohio, General Obligation Bonds, Facilities |
6/26 at 100.00 |
AA |
4,824,936 |
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 |
Ba2 |
5,277,777 |
Project, Series 2013, 5.000%, 6/15/43 |
||||
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– |
1,280,925 |
1,120 |
5.000%, 1/01/52 |
1/27 at 100.00 |
BBB– |
937,037 |
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– |
2,941,698 |
6,000 |
5.000%, 1/01/51 |
1/26 at 100.00 |
BBB– |
5,039,220 |
6,920 |
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien |
1/23 at 100.00 |
Aa3 (4) |
6,941,037 |
Series 2013A, 5.000%, 1/01/38 (Pre-refunded 1/01/23) |
||||
14,850 |
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien |
1/23 at 100.00 |
Aa3 (4) |
14,895,144 |
Series 2013A, 5.000%, 1/01/38 (Pre-refunded 1/01/23) (UB) (8) |
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: |
||||
$ 1,050 |
11.722%, 1/01/38 (Pre-refunded 1/01/23), 144A (IF) (8) |
1/23 at 100.00 |
Aa3 (4) |
$ 1,062,768 |
875 |
11.722%, 1/01/38 (Pre-refunded 1/01/23), 144A (IF) (8) |
1/23 at 100.00 |
Aa3 (4) |
885,640 |
5,000 |
Miami County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Network |
8/28 at 100.00 |
A2 |
4,788,300 |
Obligated Group Project, Refunding Improvement Series 2019, 5.000%, 8/01/49 |
||||
6,000 |
Middletown City School District, Butler County, Ohio, General Obligation Bonds, |
No Opt. Call |
A2 |
6,574,980 |
Refunding Series 2007, 5.250%, 12/01/31 – AGM Insured |
||||
1,750 |
Milford Exempted Village School District, Ohio, General Obligation Bonds, School |
12/30 at 100.00 |
Aa2 |
1,485,977 |
Improvement Series 2022, 4.000%, 12/01/51 |
||||
21,000 |
Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Refunding |
11/24 at 100.00 |
AA+ (4) |
21,723,870 |
& Improvement Series 2014, 5.000%, 11/15/49 (Pre-refunded 11/15/24) |
||||
9,365 |
Ohio Higher Educational Facility Commission, Revenue Bonds, University of Dayton, Series |
6/28 at 100.00 |
A2 |
9,285,772 |
2018A, 5.000%, 12/01/48 |
||||
3,195 |
Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc., Fixed |
1/30 at 100.00 |
A |
3,086,050 |
Interest Rate Series 2020A, 5.000%, 1/15/50 |
||||
7,065 |
Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc., Series |
7/31 at 100.00 |
A2 |
5,668,815 |
2021A, 4.000%, 1/15/46 |
||||
7,550 |
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and Infrastructure Commission |
2/31 at 100.00 |
A+ |
8,164,344 |
Infrastructure Projects, Junior Lien, Capital Appreciation Series 2013A-3, 0.000%, 2/15/36 (5) |
||||
19,515 |
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and Infrastructure Commission |
2/23 at 100.00 |
A+ (4) |
19,618,429 |
Infrastructure Projects, Junior Lien, Current Interest Series 2013A-1, 5.000%, 2/15/48 |
||||
(Pre-refunded 2/15/23) |
||||
9,000 |
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and Infrastructure Commission, |
2/28 at 100.00 |
A+ |
7,769,880 |
Infrastructure Projects, Junior Lien Series 2018A, 4.000%, 2/15/46 |
||||
4,075 |
Ross County, Ohio, Hospital Facilities Revenue Bonds, Adena Health System Obligated |
12/29 at 100.00 |
A– |
3,873,573 |
Group Project, Refunding & Improvement Series 2019, 5.000%, 12/01/49 |
||||
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– |
135,273 |
130 |
6.000%, 12/01/42 |
12/22 at 100.00 |
BB– |
130,286 |
4,190 |
Springboro Community City School District, Warren County, Ohio, General Obligation |
No Opt. Call |
Aa3 |
4,451,456 |
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 |
3,500,593 |
Facilities Revenue Bonds, Ashland University, Refunding & Improvement Series 2015, |
||||
6.000%, 3/01/45 |
||||
276,300 |
Total Ohio |
240,622,454 | ||
Oklahoma – 0.3% (0.2% of Total Investments) |
||||
1,165 |
Norman Regional Hospital Authority, Oklahoma, Hospital Revenue Bonds, Series 2019, |
9/29 at 100.00 |
Baa1 |
1,094,599 |
5.000%, 9/01/45 |
||||
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine |
||||
Project, Series 2018B: |
||||
2,205 |
5.500%, 8/15/52 |
8/28 at 100.00 |
BB+ |
1,806,557 |
7,270 |
5.500%, 8/15/57 |
8/28 at 100.00 |
BB+ |
5,835,556 |
1,125 |
Tulsa County Industrial Authority, Oklahoma, Senior Living Community Revenue Bonds, |
11/25 at 102.00 |
BBB– |
1,111,162 |
Montereau, Inc Project, Refunding Series 2017, 5.250%, 11/15/37 |
||||
11,765 |
Total Oklahoma |
9,847,874 | ||
Oregon – 2.6% (1.5% of Total Investments) |
||||
11,955 |
Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General |
6/32 at 100.00 |
AA+ |
12,527,166 |
Obligation Bonds, Series 2022B, 5.000%, 6/15/52 |
||||
Clackamas Community College District, Oregon, General Obligation Bonds, Deferred |
||||
Interest Series 2017A: |
||||
760 |
5.000%, 6/15/38 |
6/27 at 100.00 |
Aa1 |
793,668 |
2,750 |
5.000%, 6/15/39 |
6/27 at 100.00 |
Aa1 |
2,858,873 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Oregon (continued) |
||||
$ 1,185 |
Clackamas County Hospital Facility Authority, Oregon, Revenue Bonds, Rose Villa Inc., |
11/25 at 102.00 |
N/R |
$ 1,003,245 |
Series 2020A, 5.375%, 11/15/55 |
||||
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 |
1,368,033 |
1,705 |
5.000%, 6/15/39 |
6/27 at 100.00 |
Aa1 |
1,776,150 |
4,170 |
Eugene, Oregon, Electric Utility Revenue Bonds, Series 2020A, 4.000%, 8/01/45 |
8/30 at 100.00 |
AA– |
3,648,708 |
7,955 |
Oregon Facilities Authority, Revenue Bonds, Legacy Health Project, Series 2016A, |
6/26 at 100.00 |
A+ |
7,780,865 |
5.000%, 6/01/46 |
||||
3,000 |
Oregon Facilities Authority, Revenue Bonds, Legacy Health Project, Series 2022A, |
6/32 at 100.00 |
A+ |
2,903,550 |
5.000%, 6/01/52 |
||||
Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services, Refunding |
||||
Series 2016A: |
||||
6,275 |
5.000%, 10/01/35 |
10/26 at 100.00 |
BBB+ |
6,285,730 |
2,120 |
5.000%, 10/01/46 |
10/26 at 100.00 |
BBB+ |
1,964,646 |
140 |
5.000%, 10/01/46 (Pre-refunded 10/01/26) |
10/26 at 100.00 |
N/R (4) |
147,780 |
Oregon Health and Science University, Revenue Bonds, Green Series 2021A: |
||||
1,325 |
4.000%, 7/01/44 |
1/32 at 100.00 |
AA– |
1,161,270 |
23,400 |
4.000%, 7/01/51 |
1/32 at 100.00 |
AA– |
19,727,136 |
8,890 |
Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Senior Lien |
11/23 at 100.00 |
Aa1 (4) |
9,053,398 |
Series 2013A, 5.000%, 11/15/38 (Pre-refunded 11/15/23) |
||||
5,855 |
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Series |
5/29 at 100.00 |
A+ |
5,807,575 |
2019A, 5.000%, 5/15/44 |
||||
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Project, |
||||
Refunding Series 2016A: |
||||
4,000 |
4.000%, 5/15/41 |
5/26 at 100.00 |
A+ |
3,470,720 |
5,265 |
5.000%, 5/15/46 |
5/26 at 100.00 |
A+ |
5,171,125 |
500 |
Warm Springs Reservation Confederated Tribes, Oregon, Hydroelectric Revenue Bonds, |
5/29 at 100.00 |
A3 |
523,125 |
Tribal Economic Development Bond Pelton Round Butte Project, Taxable Refunding Green |
||||
Series 2019B, 5.000%, 11/01/36, 144A |
||||
92,560 |
Total Oregon |
87,972,763 | ||
Pennsylvania – 6.2% (3.6% of Total Investments) |
||||
13,000 |
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny |
4/28 at 100.00 |
A |
12,577,500 |
Health Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/47 |
||||
Allegheny County Sanitary Authority, Pennsylvania, Sewer Revenue Bonds, Series 2020B: |
||||
1,000 |
4.000%, 6/01/45 |
12/30 at 100.00 |
A+ |
856,190 |
1,765 |
4.000%, 6/01/50 |
12/30 at 100.00 |
A+ |
1,473,793 |
Bethlehem Authority, Northampton and Lehigh Counties, Pennsylvania, Guaranteed Water |
||||
Revenue Bonds, Series 1998: |
||||
3,125 |
0.000%, 5/15/23 – AGM Insured |
No Opt. Call |
A2 |
3,062,156 |
3,135 |
0.000%, 5/15/24 – AGM Insured |
No Opt. Call |
A2 |
2,951,038 |
3,155 |
0.000%, 5/15/26 – AGM Insured |
No Opt. Call |
A2 |
2,731,126 |
4,145 |
0.000%, 11/15/26 – AGM Insured |
No Opt. Call |
A2 |
3,508,867 |
2,800 |
0.000%, 5/15/28 – AGM Insured |
No Opt. Call |
A2 |
2,217,516 |
3,000 |
0.000%, 11/15/28 – AGM Insured |
No Opt. Call |
A2 |
2,322,300 |
1,200 |
Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany |
11/27 at 100.00 |
A+ |
1,172,544 |
Medical Center Project, Series 2018A, 5.000%, 11/15/42 |
||||
895 |
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master |
6/28 at 100.00 |
A |
919,541 |
Settlement, Series 2018, 5.000%, 6/01/34 |
||||
Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System |
||||
Revenue Bonds, Series 2017: |
||||
21,595 |
5.000%, 7/01/42 |
7/27 at 100.00 |
A |
21,939,008 |
5,000 |
5.000%, 7/01/47 |
7/27 at 100.00 |
A |
5,054,100 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Pennsylvania (continued) |
||||
$ 1,050 |
Delaware Valley Regional Finance Authority, Pennsylvania, Local Government Revenue |
No Opt. Call |
A1 |
$ 1,143,303 |
Bonds, Series 1997B, 5.700%, 7/01/27 – AMBAC Insured |
||||
5,000 |
Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, Penn State Health, |
11/29 at 100.00 |
A2 |
4,884,250 |
Series 2021, 5.000%, 11/01/51 |
||||
4,915 |
Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, United Zion Retirement |
6/27 at 100.00 |
N/R |
3,827,556 |
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 |
2,944,391 |
5,180 |
0.000%, 12/01/32 |
No Opt. Call |
A |
3,222,944 |
Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown |
||||
Concession, Series 2013A: |
||||
4,960 |
5.125%, 12/01/47 (Pre-refunded 12/01/23) |
12/23 at 100.00 |
N/R (4) |
5,061,283 |
4,310 |
5.125%, 12/01/47 |
12/23 at 100.00 |
A |
4,195,871 |
5,410 |
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, |
9/28 at 100.00 |
A |
5,272,965 |
Thomas Jefferson University, Series 2018A, 5.000%, 9/01/48 |
||||
1,000 |
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, |
9/29 at 100.00 |
A |
849,880 |
Thomas Jefferson University, Series 2019, 4.000%, 9/01/44 |
||||
4,770 |
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, |
5/32 at 100.00 |
A |
3,766,774 |
Thomas Jefferson University, Series 2022B, 4.000%, 5/01/52 |
||||
5,000 |
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue |
1/25 at 100.00 |
Ba1 (4) |
5,193,450 |
Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45 |
||||
(Pre-refunded 1/15/25) |
||||
5,005 |
Neshaminy School District, Bucks County, Pennsylvania, General Obligation Bonds, Series |
5/30 at 100.00 |
Aa1 |
4,539,835 |
2022, 4.000%, 11/01/43 |
||||
630 |
Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue |
12/22 at 100.00 |
N/R |
113,437 |
Bonds, Northampton Generating Project, Senior Lien Series 2013A0 & AE2, 0.900%, 12/31/23 |
||||
256 |
Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue |
No Opt. Call |
N/R |
45,939 |
Bonds, Northampton Generating Project, Senior Lien Taxable Series 2013B, 0.900%, 12/31/23 |
||||
(cash 5.000%, PIK 5.000%) |
||||
5,910 |
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of |
8/29 at 100.00 |
Aa3 |
5,183,129 |
Pennsylvania Health System, Series 2019, 4.000%, 8/15/44 |
||||
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue |
||||
Bonds, Subordinate Series 2013A: |
||||
2,010 |
5.000%, 12/01/36 (Pre-refunded 12/01/22) |
12/22 at 100.00 |
A2 (4) |
2,013,015 |
1,105 |
5.000%, 12/01/36 (Pre-refunded 12/01/22) |
12/22 at 100.00 |
N/R (4) |
1,106,657 |
16,000 |
Pennsylvania Turnpike Commission, Oil Franchise Tax Revenue Bonds, Senior Lien Series |
12/31 at 100.00 |
Aa3 |
13,679,360 |
2021A, 4.000%, 12/01/51 |
||||
16,805 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series |
12/27 at 100.00 |
A3 |
18,607,336 |
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 |
5,553,871 |
6,340 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2016A-1, 5.000%, 12/01/41 |
6/26 at 100.00 |
A1 |
6,370,115 |
5,800 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2019A, 5.000%, 12/01/49 |
12/29 at 100.00 |
A1 |
5,688,176 |
6,500 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2021B, 5.000%, 12/01/46 |
6/31 at 100.00 |
A+ |
6,453,655 |
19,250 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, |
6/26 at 100.00 |
A2 |
20,997,515 |
6.250%, 6/01/33 – AGM Insured |
||||
7,475 |
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A, |
12/30 at 100.00 |
A3 |
6,213,220 |
4.000%, 12/01/45 |
||||
1,445 |
Philadelphia Authority for Industrial Development Senior Living Facilities, |
7/27 at 100.00 |
BB |
1,242,281 |
Philadelphia, Pennsylvania, Revenue Bonds, Wesley Enhanced Living Obligated Group, Series |
||||
2017A, 5.000%, 7/01/37 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Pennsylvania (continued) |
||||
$ 8,360 |
Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2021A, |
9/31 at 100.00 |
A1 |
$ 7,136,347 |
4.000%, 9/01/46 – BAM Insured |
||||
3,410 |
Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 1997A, 5.125%, |
10/21 at 100.00 |
A1 (4) |
3,651,360 |
8/01/27 – AMBAC Insured (ETM) |
||||
2,020 |
Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue |
9/30 at 100.00 |
A2 |
1,757,137 |
Bonds, First Lien Series 2020B, 4.000%, 9/01/45 – AGM Insured |
||||
1,930 |
Susquehanna Area Regional Airport Authority, Pennsylvania, Airport System Revenue Bonds, |
1/23 at 100.00 |
Baa3 |
1,799,667 |
Series 2012B, 4.000%, 1/01/33 |
||||
225,716 |
Total Pennsylvania |
213,300,398 | ||
Puerto Rico – 2.0% (1.2% of Total Investments) |
||||
3,996 |
Cofina Class 2 Trust Tax-Exempt Class 2054, Puerto Rico. Unit Exchanged From Cusip |
No Opt. Call |
N/R |
993,286 |
74529JAP0, 0.000%, 8/01/54 |
||||
625 |
Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2005SS, |
12/22 at 100.00 |
D |
622,144 |
5.000%, 7/01/25 – NPFG Insured |
||||
1,000 |
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007VV, 5.250%, 7/01/24 |
No Opt. Call |
D |
1,000,450 |
1,305 |
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2005L, |
No Opt. Call |
Baa2 |
1,306,331 |
5.250%, 7/01/23 – NPFG Insured |
||||
1,000 |
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, |
No Opt. Call |
N/R |
971,810 |
5.250%, 7/01/31 – AMBAC Insured |
||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: |
||||
5,281 |
4.500%, 7/01/34 |
7/25 at 100.00 |
N/R |
4,801,168 |
9,399 |
4.550%, 7/01/40 |
7/28 at 100.00 |
N/R |
8,129,289 |
20,000 |
0.000%, 7/01/46 |
7/28 at 41.38 |
N/R |
4,356,000 |
7,649 |
4.750%, 7/01/53 |
7/28 at 100.00 |
N/R |
6,398,694 |
34,368 |
5.000%, 7/01/58 |
7/28 at 100.00 |
N/R |
29,555,793 |
1,370 |
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured |
7/28 at 100.00 |
N/R |
1,184,927 |
Cofina Project Series 2019A-2A, 4.550%, 7/01/40 |
||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable |
||||
Restructured Cofina Project Series 2019A-2: |
||||
5,399 |
4.329%, 7/01/40 |
7/28 at 100.00 |
N/R |
4,541,639 |
5,580 |
4.329%, 7/01/40 |
7/28 at 100.00 |
N/R |
4,693,896 |
96,972 |
Total Puerto Rico |
68,555,427 | ||
Rhode Island – 0.8% (0.5% of Total Investments) |
||||
1,315 |
Rhode Island Health and Educational Building Corporation, Hospital Financing Revenue |
5/26 at 100.00 |
BBB+ |
1,239,532 |
Bonds, Lifespan Obligated Group, Refunding Series 2016, 5.000%, 5/15/39 |
||||
174,390 |
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed |
11/22 at 17.44 |
CCC– |
23,434,528 |
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 |
2,279,119 |
5.000%, 10/01/40 |
||||
177,940 |
Total Rhode Island |
26,953,179 | ||
South Carolina – 4.7% (2.8% of Total Investments) |
||||
3,050 |
Charleston County Airport District, South Carolina, Airport Revenue Bonds, Series 2019, |
7/29 at 100.00 |
A |
3,022,093 |
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 |
1,274,004 |
6,820 |
5.000%, 11/01/46 |
5/26 at 100.00 |
A |
6,498,437 |
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– |
18,967,964 |
15,420 |
0.000%, 1/01/32 – AMBAC Insured |
No Opt. Call |
A– |
10,282,981 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
South Carolina (continued) |
||||
$ 1,370 |
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, |
4/26 at 103.00 |
BBB– |
$ 1,137,182 |
Bishop Gadsden Episcopal Retirement Community, Series 2019A, 5.000%, 4/01/54 |
||||
13,475 |
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Bon Secours |
6/30 at 100.00 |
A+ |
11,532,713 |
Mercy Health, Inc, Series 2020A, 4.000%, 12/01/44 |
||||
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, McLeod |
||||
Health Projects, Refunding & Improvement Series 2018: |
||||
9,030 |
5.000%, 11/01/43 |
5/28 at 100.00 |
AA– |
9,089,688 |
17,680 |
5.000%, 11/01/48 |
5/28 at 100.00 |
AA– |
17,714,830 |
20,035 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding & |
6/25 at 100.00 |
A– |
19,285,691 |
Improvement Series 2015A, 5.000%, 12/01/50 |
||||
4,000 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding |
12/24 at 100.00 |
A– |
3,863,400 |
Series 2014C, 5.000%, 12/01/46 |
||||
10,000 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding |
12/26 at 100.00 |
A– |
9,522,500 |
Series 2016B, 5.000%, 12/01/56 |
||||
5,000 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding |
6/32 at 100.00 |
A3 |
4,009,350 |
Series 2022A, 4.000%, 12/01/52 |
||||
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding |
||||
Series 2022B: |
||||
3,831 |
4.000%, 12/01/39 |
6/32 at 100.00 |
A3 |
3,342,547 |
6,587 |
4.000%, 12/01/43 |
6/32 at 100.00 |
A– |
5,528,206 |
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2014A: |
||||
2,000 |
5.000%, 12/01/49 |
6/24 at 100.00 |
A– |
1,926,040 |
17,240 |
5.500%, 12/01/54 |
6/24 at 100.00 |
A– |
17,268,963 |
17,170 |
South Carolina State Ports Authority, Revenue Bonds, Series 2019A, 5.000%, 7/01/54 |
7/29 at 100.00 |
A+ |
17,495,887 |
180,953 |
Total South Carolina |
161,762,476 | ||
South Dakota – 1.2% (0.7% 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 |
2,520,990 |
3,150 |
5.125%, 11/01/47 |
11/26 at 100.00 |
BB |
2,594,844 |
10,500 |
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health |
7/24 at 100.00 |
A1 |
10,400,565 |
System, Series 2014, 5.000%, 7/01/44 |
||||
5,205 |
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health, |
7/27 at 100.00 |
A1 |
5,069,930 |
Refunding Series 2017, 5.000%, 7/01/46 |
||||
11,600 |
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Monument |
9/30 at 100.00 |
A1 |
9,590,068 |
Health, Inc., Series 2020A, 4.000%, 9/01/50 |
||||
11,825 |
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, |
11/25 at 100.00 |
A+ |
11,165,284 |
Series 2015, 5.000%, 11/01/45 |
||||
45,280 |
Total South Dakota |
41,341,681 | ||
Tennessee – 1.0% (0.6% of Total Investments) |
||||
10,670 |
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, |
1/23 at 100.00 |
BBB+ (4) |
10,703,184 |
Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23) |
||||
2,180 |
Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, |
7/28 at 100.00 |
A– |
2,145,163 |
Ballad Health, Series 2018A, 5.000%, 7/01/35 |
||||
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 |
5,003,900 |
1,000 |
5.000%, 9/01/47 |
9/26 at 100.00 |
BBB |
943,360 |
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 |
450,790 |
1,755 |
5.000%, 4/01/36 |
4/27 at 100.00 |
BBB |
1,757,404 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Tennessee (continued) |
||||
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 |
$ 2,099,443 |
1,000 |
5.000%, 10/01/45 |
10/26 at 100.00 |
BBB |
916,080 |
11,000 |
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities |
7/26 at 100.00 |
A3 |
10,257,060 |
Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A, |
||||
5.000%, 7/01/46 |
||||
35,275 |
Total Tennessee |
34,276,384 | ||
Texas – 12.6% (7.4% of Total Investments) |
||||
4,000 |
Austin, Texas, Airport System Revenue Bonds, Series 2019A, 5.000%, 11/15/49 |
11/29 at 100.00 |
A |
3,914,440 |
14,615 |
Austin, Texas, Electric Utility System Revenue Bonds, Refunding Series 2015A, 5.000%, |
11/25 at 100.00 |
Aa3 |
14,841,533 |
11/15/45 (UB) (8) |
||||
1,000 |
Cedar Hill Independent School District, Dallas County, Texas, General Obligation Bonds, |
No Opt. Call |
Baa2 |
657,220 |
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 |
Baa1 (4) |
1,334,043 |
2013A, 5.000%, 1/01/43 (Pre-refunded 1/01/23) |
||||
7,750 |
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A, |
7/25 at 100.00 |
Baa1 (4) |
8,083,560 |
5.000%, 1/01/45 (Pre-refunded 7/01/25) |
||||
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– |
1,654,711 |
1,000 |
4.400%, 12/01/47 |
12/22 at 100.00 |
BBB– |
833,760 |
2,500 |
Comal Independent School District, Comal, Bexar, Guadalupe, Hays, and Kendall Counties, |
No Opt. Call |
Aaa |
2,479,600 |
Texas, General Obligation Bonds, Series 2005A, 0.000%, 2/01/23 |
||||
5,000 |
Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Refunding & Improvement |
12/30 at 100.00 |
Aa2 |
5,196,100 |
Senior Lien Series 2021B, 5.000%, 12/01/47 |
||||
6,125 |
Dallas Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series |
11/30 at 100.00 |
A1 |
5,333,099 |
2021B, 4.000%, 11/01/45 |
||||
14,450 |
Dallas Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series |
11/32 at 100.00 |
A+ |
14,138,892 |
2022B, 5.000%, 11/01/50 |
||||
9,000 |
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series |
11/30 at 100.00 |
A1 |
7,782,840 |
2021A, 4.000%, 11/01/46 |
||||
160 |
Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series |
9/24 at 100.00 |
BBB– |
154,309 |
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 |
3,854,142 |
School Building Series 2017, 5.000%, 8/15/42 |
||||
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Refunding |
||||
First Tier Series 2020C: |
||||
4,045 |
4.000%, 10/01/39 |
4/30 at 100.00 |
A2 |
3,641,794 |
3,500 |
4.000%, 10/01/40 |
4/30 at 100.00 |
A2 |
3,097,045 |
27,280 |
4.000%, 10/01/45 |
4/30 at 100.00 |
A2 |
23,378,415 |
16,920 |
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate |
10/23 at 100.00 |
AA (4) |
17,187,844 |
Lien Series 2013B, 5.000%, 4/01/53 (Pre-refunded 10/01/23) |
||||
15,000 |
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate |
10/23 at 100.00 |
AA (4) |
15,237,450 |
Lien Series 2013B, 5.000%, 4/01/53 (Pre-refunded 10/01/23) (UB) (8) |
||||
5,295 |
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate |
4/28 at 100.00 |
AA |
5,408,366 |
Lien Series 2018A. Tela Supported, 5.000%, 10/01/48 |
||||
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Tender |
||||
Option Bond Trust 2015-XF0228: |
||||
6,610 |
11.840%, 11/01/44 (Pre-refunded 10/01/23), 144A (IF) (8) |
10/23 at 100.00 |
AA (4) |
7,028,810 |
9,275 |
Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue |
7/32 at 100.00 |
A1 |
7,881,617 |
Bonds, Memorial Hermann Health System, Series 2022A, 4.125%, 7/01/52 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Texas (continued) |
||||
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 |
$ 2,460,128 |
2,320 |
5.000%, 12/01/45 |
6/25 at 100.00 |
AA |
2,283,182 |
Harris County, Texas, Toll Road Revenue Bonds, Refunding Senior Lien Series 2018A: |
||||
13,890 |
5.000%, 8/15/43 |
2/28 at 100.00 |
AA |
14,396,707 |
9,500 |
4.000%, 8/15/48 |
2/28 at 100.00 |
AA |
8,345,750 |
4,040 |
Harris County, Texas, Toll Road Revenue Bonds, Tender Options Bond Trust 2015-XF2184. |
No Opt. Call |
AAA |
5,238,830 |
9.841%, 8/15/28 – AGM Insured, 144A (IF) (8) |
||||
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 |
429,149 |
2,390 |
0.000%, 11/15/42 – AGM Insured |
11/31 at 59.73 |
A2 |
801,988 |
2,660 |
0.000%, 11/15/43 – AGM Insured |
11/31 at 56.93 |
A2 |
837,208 |
7,260 |
0.000%, 11/15/44 – AGM Insured |
11/31 at 54.25 |
A2 |
2,148,742 |
10,440 |
0.000%, 11/15/45 – AGM Insured |
11/31 at 51.48 |
A2 |
2,907,123 |
7,165 |
0.000%, 11/15/49 – AGM Insured |
11/31 at 41.91 |
A2 |
1,573,076 |
3,000 |
0.000%, 11/15/52 – AGM Insured |
11/31 at 35.81 |
A2 |
552,300 |
1,000 |
Hidalgo County Regional Mobility Authority, Texas, Toll and Vehicle Registration Fee |
12/31 at 100.00 |
BBB– |
854,640 |
Revenue Bonds, Senior Lien Series 2022A, 4.000%, 12/01/40 |
||||
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018B: |
||||
2,000 |
5.000%, 7/01/43 |
7/28 at 100.00 |
A |
1,981,700 |
2,710 |
5.000%, 7/01/48 |
7/28 at 100.00 |
A |
2,652,873 |
710 |
Houston, Texas, Airport System Revenue Bonds, Subordinate Lien Series 2000B, 5.450%, |
No Opt. Call |
A |
726,287 |
7/01/24 – AGM Insured |
||||
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 |
1,449,776 |
10,850 |
0.000%, 9/01/25 – AMBAC Insured |
No Opt. Call |
A |
9,667,133 |
1,715 |
0.000%, 9/01/32 – AMBAC Insured |
No Opt. Call |
A |
1,095,902 |
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 |
2,806,941 |
4,000 |
4.000%, 8/15/41 |
8/25 at 100.00 |
AAA |
3,656,480 |
8,305 |
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA |
5/25 at 100.00 |
A |
8,309,152 |
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 |
1,760,438 |
1,800 |
6.125%, 12/01/38 |
12/25 at 100.00 |
B1 |
1,791,864 |
Midtown Redevelopment Authority, Texas, Tax Increment Contract Revenue, Refunding |
||||
Series 2017: |
||||
16,285 |
5.000%, 1/01/36 |
1/27 at 100.00 |
A3 |
16,772,573 |
10,040 |
5.000%, 1/01/38 – AGM Insured |
1/27 at 100.00 |
A2 |
10,359,171 |
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– |
1,975,092 |
1,815 |
5.000%, 9/15/48 |
9/25 at 100.00 |
BBB– |
1,669,691 |
4,240 |
New Braunfels, Comal County, Texas, Utility System Revenue Bonds, Refunding Series 2022, |
7/32 at 100.00 |
AA |
4,385,220 |
5.000%, 7/01/47 |
||||
850 |
New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility |
11/24 at 102.00 |
BB+ (4) |
891,769 |
Revenue Bonds, Methodist Retirement Communities Crestview Project, Series 2016, 5.000%, |
||||
11/15/31 (Pre-refunded 11/15/24) |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Texas (continued) |
||||
North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible |
||||
Capital Appreciation Series 2011C: |
||||
$ 1,880 |
0.000%, 9/01/43 (Pre-refunded 9/01/31) (5) |
9/31 at 100.00 |
N/R (4) |
$ 2,227,593 |
7,990 |
6.750%, 9/01/45 (Pre-refunded 9/01/31) |
9/31 at 100.00 |
N/R (4) |
9,872,524 |
4,000 |
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital |
1/25 at 100.00 |
A+ (4) |
4,254,680 |
Appreciation Series 2008I, 6.500%, 1/01/43 (Pre-refunded 1/01/25) |
||||
2,125 |
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008D, |
No Opt. Call |
A1 |
1,696,387 |
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 (Pre-refunded 1/01/23) |
1/23 at 100.00 |
A+ (4) |
10,291,190 |
12,205 |
5.000%, 1/01/45 |
1/25 at 100.00 |
A+ |
12,329,247 |
5,000 |
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier Series 2018, |
1/28 at 100.00 |
A |
4,944,300 |
5.000%, 1/01/48 |
||||
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 |
6,421,699 |
4,000 |
5.000%, 1/01/34 |
1/25 at 100.00 |
A |
4,074,880 |
4,000 |
5.000%, 1/01/35 |
1/25 at 100.00 |
A |
4,058,840 |
2,250 |
Red River Education Finance Corporation, Texas, Higher Education Revenue Bonds, Saint |
6/26 at 100.00 |
BBB |
1,971,562 |
Edward University Project, Series 2016, 4.000%, 6/01/36 |
||||
7,070 |
Tarrant County College District, Texas, General Obligation Bonds, Series 2022, |
8/32 at 100.00 |
AAA |
7,493,634 |
5.000%, 8/15/39 |
||||
3,480 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital |
9/23 at 100.00 |
A3 (4) |
3,541,666 |
Revenue Bonds, Hendrick Medical Center, Refunding Series 2013, 5.500%, 9/01/43 |
||||
(Pre-refunded 9/01/23) |
||||
4,150 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital |
4/32 at 100.00 |
Aa3 |
3,525,882 |
Revenue Bonds, Methodist Hospital of Dallas, Series 2022, 4.000%, 10/01/47 |
||||
4,000 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital |
8/23 at 100.00 |
AA– (4) |
4,055,240 |
Revenue Bonds, Scott & White Healthcare Project, Series 2013A, 5.000%, 8/15/43 |
||||
(Pre-refunded 8/15/23) |
||||
1,500 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, |
7/32 at 100.00 |
A+ |
1,197,675 |
Christus Health, Series 2022A, 4.000%, 7/01/53 |
||||
2,500 |
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, |
8/26 at 100.00 |
AA |
2,502,125 |
Texas Health Resources System, Series 2016A, 5.000%, 2/15/41 |
||||
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue |
||||
Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project, Refunding Series 2020A: |
||||
1,805 |
4.000%, 12/31/37 |
12/30 at 100.00 |
BBB– |
1,573,328 |
2,500 |
4.000%, 6/30/38 |
12/30 at 100.00 |
BBB– |
2,161,975 |
7,345 |
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding |
8/24 at 100.00 |
A3 |
7,483,086 |
First Tier Series 2015B, 5.000%, 8/15/37 |
||||
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding |
||||
Second Tier Series 2015C: |
||||
3,650 |
5.000%, 8/15/33 |
8/24 at 100.00 |
Baa1 |
3,686,208 |
6,385 |
5.000%, 8/15/37 |
8/24 at 100.00 |
Baa1 |
6,428,226 |
44,120 |
5.000%, 8/15/42 |
8/24 at 100.00 |
Baa1 |
44,270,008 |
4,000 |
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series |
No Opt. Call |
A3 |
3,596,880 |
2002A, 0.000%, 8/15/25 – AMBAC Insured |
||||
8,000 |
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master |
10/31 at 100.00 |
AAA |
7,090,240 |
Trust Series 2021, 4.000%, 10/15/51 |
||||
6,500 |
West Harris County Regional Water Authority, Texas, Water System Revenue Bonds, |
12/31 at 100.00 |
A1 |
5,284,370 |
Refunding Series 2021, 4.000%, 12/15/60 – BAM Insured |
||||
468,605 |
Total Texas |
433,933,920 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Utah – 0.4% (0.3% of Total Investments) |
||||
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017B: |
||||
3,560 |
5.000%, 7/01/42 |
7/27 at 100.00 |
A |
$ 3,526,857 |
1,975 |
5.000%, 7/01/47 |
7/27 at 100.00 |
A |
1,948,120 |
4,000 |
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018B, |
7/28 at 100.00 |
A |
3,915,680 |
5.000%, 7/01/48 |
||||
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 |
1,036,940 |
2,320 |
5.000%, 10/15/43 |
10/27 at 100.00 |
AA |
2,403,613 |
2,040 |
5.000%, 10/15/48 |
10/27 at 100.00 |
AA |
2,100,649 |
14,895 |
Total Utah |
14,931,859 | ||
Vermont – 0.3% (0.2% of Total Investments) |
||||
University of Vermont and State Agricultural College, Revenue Bonds, Series 2015: |
||||
1,000 |
4.000%, 10/01/40 |
10/25 at 100.00 |
A+ |
897,850 |
10,000 |
5.000%, 10/01/45 |
10/25 at 100.00 |
A+ |
10,252,400 |
11,000 |
Total Vermont |
11,150,250 | ||
Virgin Islands – 0.1% (0.0% of Total Investments) |
||||
2,645 |
Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, |
No Opt. Call |
N/R |
2,664,838 |
Series 2022A, 5.000%, 10/01/32 |
||||
Virginia – 0.4% (0.2% of Total Investments) |
||||
Arlington County Industrial Development Authority, Virginia, Hospital Facility Revenue |
||||
Bonds, Virginia Hospital Center, Series 2020: |
||||
1,385 |
4.000%, 7/01/39 |
7/30 at 100.00 |
A+ |
1,227,374 |
1,610 |
4.000%, 7/01/40 |
7/30 at 100.00 |
A+ |
1,414,079 |
430 |
Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital |
7/28 at 100.00 |
BBB+ |
418,106 |
Appreciation Series 2012B, 0.000%, 7/15/40 (5) |
||||
4,000 |
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, |
5/28 at 100.00 |
Aa2 |
3,437,720 |
Inova Health System, Series 2018A, 4.000%, 5/15/48 (UB) (8) |
||||
8,075 |
Hampton Roads Transportation Accountability Commission, Virginia, Revenue Bonds, Hampton |
7/32 at 100.00 |
Aa2 |
6,925,039 |
Roads Transportation Fund, Senior Lien Series 2022A, 4.000%, 7/01/52 |
||||
15,500 |
Total Virginia |
13,422,318 | ||
Washington – 3.0% (1.7% of Total Investments) |
||||
7,000 |
Central Puget Sound Regional Transit Authority, Washington, Sales Tax and Motor Vehicle |
11/26 at 100.00 |
Aa1 |
7,232,680 |
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 |
10,668,675 |
Hydro-Electric System Revenue Refunding Bonds, Series 1997A, 0.000%, 6/01/26 – NPFG Insured |
||||
8,075 |
King County Public Hospital District 1, Washington, Limited Tax General Obligation |
12/28 at 100.00 |
A2 |
8,183,851 |
Bonds, Refunding Series 2018, 5.000%, 12/01/43 |
||||
4,200 |
King County Public Hospital District 1, Washington, Limited Tax General Obligation |
12/26 at 100.00 |
A– |
4,283,370 |
Bonds, Valley Medical Center, Refunding Series 2016, 5.000%, 12/01/36 |
||||
14,630 |
King County Public Hospital District 2, Washington, General Obligation Bonds, |
12/29 at 100.00 |
Aa3 |
12,733,659 |
EvergreenHealth, Limited Tax 2020A, 4.000%, 12/01/45 |
||||
3,000 |
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015A, |
10/24 at 100.00 |
A+ |
3,035,160 |
5.000%, 4/01/40 |
||||
1,250 |
Seattle Housing Authority, Washington, Pooled Housing Revenue Bonds, Refunding Series |
12/23 at 100.00 |
AA (4) |
1,273,875 |
2014, 5.000%, 12/01/44 (Pre-refunded 12/01/23) |
||||
15,000 |
Seattle, Washington, Municipal Light and Power Revenue Bonds, Refunding & Improvement |
7/31 at 100.00 |
AA |
12,935,400 |
Series 2021A, 4.000%, 7/01/47 |
||||
12,515 |
Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue |
6/23 at 100.00 |
BBB+ (4) |
12,637,397 |
Bonds, Series 2013A, 5.000%, 12/01/38 (Pre-refunded 6/01/23) |
||||
5,250 |
Tacoma, Washington, Sewer Revenue Bonds, Series 2018, 4.000%, 12/01/48 |
12/28 at 100.00 |
Aa2 |
4,574,535 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Washington (continued) |
||||
555 |
Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series |
8/29 at 100.00 |
BBB+ |
$ 448,174 |
2019A-1, 4.000%, 8/01/44 |
||||
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & |
||||
Services, Refunding Series 2012A: |
||||
4,000 |
5.000%, 10/01/32 |
12/22 at 100.00 |
AA– |
4,010,200 |
10,000 |
4.250%, 10/01/40 |
12/22 at 100.00 |
AA– |
9,215,700 |
2,600 |
Washington State Convention Center Public Facilities District, Lodging Tax Revenue |
7/31 at 100.00 |
BB+ |
1,418,378 |
Bonds, Refunding Subordinate Series 2021B. Exchange Purchase, 3.000%, 7/01/58 |
||||
2,410 |
Washington State Higher Education Facilities Authority, Revenue Bonds, Seattle |
5/30 at 100.00 |
A |
1,919,565 |
University, Series 2020, 4.000%, 5/01/50 |
||||
500 |
Washington State Housing Finance Commission, Non-profit Housing Revenue Bonds, |
1/25 at 102.00 |
BB |
393,285 |
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+ |
7,227,720 |
6/01/28 – FGIC Insured |
||||
112,220 |
Total Washington |
102,191,624 | ||
West Virginia – 1.1% (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 (Pre-refunded 6/01/23) |
6/23 at 100.00 |
A (4) |
3,035,760 |
16,845 |
5.500%, 6/01/44 (Pre-refunded 6/01/23) |
6/23 at 100.00 |
A (4) |
17,057,752 |
9,000 |
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United |
6/28 at 100.00 |
A |
8,415,270 |
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 |
3,311,910 |
System Obligated Group, Improvement Series 2017A, 5.000%, 6/01/47 |
||||
5,750 |
West Virginia State, General Obligation Bonds, State Road Competitive Series 2018B, |
6/28 at 100.00 |
AA– |
5,110,198 |
4.000%, 6/01/42 |
||||
38,095 |
Total West Virginia |
36,930,890 | ||
Wisconsin – 4.4% (2.6% 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 (6) |
No Opt. Call |
N/R |
896 |
42 |
0.000%, 1/01/47, 144A (6) |
No Opt. Call |
N/R |
823 |
42 |
0.000%, 1/01/48, 144A (6) |
No Opt. Call |
N/R |
778 |
42 |
0.000%, 1/01/49, 144A (6) |
No Opt. Call |
N/R |
732 |
41 |
0.000%, 1/01/50, 144A (6) |
No Opt. Call |
N/R |
672 |
45 |
0.000%, 1/01/51, 144A (6) |
No Opt. Call |
N/R |
701 |
1,163 |
1.000%, 7/01/51, 144A (6) |
3/28 at 100.00 |
N/R |
534,481 |
45 |
0.000%, 1/01/52, 144A (6) |
No Opt. Call |
N/R |
649 |
44 |
0.000%, 1/01/53, 144A (6) |
No Opt. Call |
N/R |
610 |
44 |
0.000%, 1/01/54, 144A (6) |
No Opt. Call |
N/R |
572 |
43 |
0.000%, 1/01/55, 144A (6) |
No Opt. Call |
N/R |
535 |
43 |
0.000%, 1/01/56, 144A (6) |
No Opt. Call |
N/R |
503 |
42 |
0.000%, 1/01/57, 144A (6) |
No Opt. Call |
N/R |
472 |
42 |
0.000%, 1/01/58, 144A (6) |
No Opt. Call |
N/R |
441 |
42 |
0.000%, 1/01/59, 144A (6) |
No Opt. Call |
N/R |
418 |
41 |
0.000%, 1/01/60, 144A (6) |
No Opt. Call |
N/R |
390 |
41 |
0.000%, 1/01/61, 144A (6) |
No Opt. Call |
N/R |
363 |
40 |
0.000%, 1/01/62, 144A (6) |
No Opt. Call |
N/R |
341 |
40 |
0.000%, 1/01/63, 144A (6) |
No Opt. Call |
N/R |
320 |
39 |
0.000%, 1/01/64, 144A (6) |
No Opt. Call |
N/R |
303 |
39 |
0.000%, 1/01/65, 144A (6) |
No Opt. Call |
N/R |
283 |
39 |
0.000%, 1/01/66, 144A (6) |
No Opt. Call |
N/R |
258 |
501 |
0.000%, 1/01/67, 144A (6) |
No Opt. Call |
N/R |
3,043 |
2,250 |
Public Finance Authority of Wisconsin, Health Care Facilities Revenue Bonds, Appalachian |
1/31 at 100.00 |
BBB |
1,611,337 |
Regional Healthcare System Obligated Group, Series 2021A, 4.000%, 7/01/56 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Wisconsin (continued) |
||||
2,000 |
Public Finance Authority of Wisconsin, Retirement Communities Revenue Bonds, ACTS |
11/27 at 103.00 |
A– |
$ 1,882,860 |
Retirement – Life Communities, Inc Obligated Group, Series 2020A, 5.000%, 11/15/41 |
||||
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– |
5,622,660 |
2,335 |
5.000%, 6/15/48, 144A |
6/26 at 100.00 |
BBB– |
2,062,202 |
4,100 |
University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Refunding Series |
4/23 at 100.00 |
AA– (4) |
4,130,545 |
2013A, 5.000%, 4/01/38 (Pre-refunded 4/01/23) |
||||
10,000 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ascension Health |
5/28 at 100.00 |
Aa2 |
8,445,300 |
Alliance Senior Credit Group, Series 2013B-1, 4.000%, 11/15/43 |
||||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aspirus, Inc. |
||||
Obligated Group, Inc. Project, Series 2021: |
||||
9,830 |
4.000%, 8/15/46 |
8/31 at 100.00 |
A1 |
8,031,405 |
8,000 |
4.000%, 8/15/51 |
8/31 at 100.00 |
A1 |
6,381,360 |
18,410 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic |
2/27 at 100.00 |
A– |
17,641,935 |
Health System, Inc., Series 2017C, 5.000%, 2/15/47 |
||||
2,000 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, |
2/26 at 100.00 |
A– |
2,002,120 |
Series 2016B, 5.000%, 2/15/35 |
||||
7,625 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, |
12/22 at 100.00 |
A3 |
7,494,307 |
Inc., Series 2012, 5.000%, 6/01/39 |
||||
315 |
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Meriter Hospital |
No Opt. Call |
A1 |
315,699 |
Inc., Series 1992A, 6.000%, 12/01/22 – FGIC Insured |
||||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, PHW Muskego, Inc. |
||||
Project, Series 2021: |
||||
2,415 |
4.000%, 10/01/51 |
10/28 at 102.00 |
N/R |
1,692,167 |
2,470 |
4.000%, 10/01/61 |
10/28 at 102.00 |
N/R |
1,623,432 |
5,155 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
5/26 at 100.00 |
Aa2 |
4,842,195 |
Ascension Health Alliance Senior Credit Group, Series 2016A, 4.000%, 11/15/34 |
||||
2,000 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
8/27 at 100.00 |
A1 |
1,935,440 |
Aspirus, Inc. Obligated Group, Series 2017, 5.000%, 8/15/52 |
||||
2,500 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Aurora |
4/23 at 100.00 |
Aa3 (4) |
2,521,825 |
Health Care, Inc., Series 2013A, 5.125%, 4/15/31 (Pre-refunded 4/15/23) |
||||
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 |
1,002,064 |
955 |
5.000%, 6/01/41 |
6/25 at 103.00 |
N/R |
837,191 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
||||
Franciscan Sisters of Christian Charity Sponsored Ministry, Series 2017A: |
||||
1,000 |
5.000%, 9/01/30 (Pre-refunded 9/01/27) |
9/27 at 100.00 |
N/R (4) |
1,064,070 |
1,110 |
5.000%, 9/01/31 (Pre-refunded 9/01/27) |
9/27 at 100.00 |
N/R (4) |
1,181,118 |
1,100 |
5.000%, 9/01/32 (Pre-refunded 9/01/27) |
9/27 at 100.00 |
N/R (4) |
1,170,477 |
1,725 |
5.000%, 9/01/33 (Pre-refunded 9/01/27) |
9/27 at 100.00 |
N/R (4) |
1,835,521 |
1,775 |
5.000%, 9/01/34 (Pre-refunded 9/01/27) |
9/27 at 100.00 |
N/R (4) |
1,888,724 |
1,910 |
5.000%, 9/01/35 (Pre-refunded 9/01/27) |
9/27 at 100.00 |
N/R (4) |
2,032,374 |
2,065 |
5.000%, 9/01/36 (Pre-refunded 9/01/27) |
9/27 at 100.00 |
N/R (4) |
2,197,304 |
15,000 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
10/32 at 100.00 |
AA |
13,134,750 |
Froedtert Health, Inc. Obligated Group, Series 2022A, 4.000%, 4/01/41 |
||||
8,500 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
2/26 at 100.00 |
A– |
8,225,365 |
Marshfield Clinic, Series 2016A, 5.000%, 2/15/46 |
||||
5,000 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Medical |
11/26 at 100.00 |
AA– |
5,006,650 |
College of Wisconsin, Inc., Series 2016, 5.000%, 12/01/41 |
||||
10,000 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Medical |
12/31 at 100.00 |
Aa3 |
8,293,400 |
College of Wisconsin, Inc., Series 2022, 4.000%, 12/01/46 |
||||
2,000 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Oakwood |
1/27 at 103.00 |
N/R |
1,438,660 |
Lutheran Senior Ministries, Series 2021, 4.000%, 1/01/47 |
NEA |
Nuveen AMT-Free Quality Municipal Income Fund |
Portfolio of Investments (continued) | |
October 31, 2022 |
Principal |
Optional Call |
|||
Amount (000) |
Description (1) |
Provisions (2) |
Ratings (3) |
Value |
Wisconsin (continued) |
||||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint |
||||
John’s Communities Inc., Series 2018A: |
||||
$ 1,240 |
5.000%, 9/15/31 (Pre-refunded 9/15/23) |
9/23 at 100.00 |
BBB– (4) |
$ 1,257,732 |
7,955 |
5.000%, 9/15/50 (Pre-refunded 9/15/23) |
9/23 at 100.00 |
BBB– (4) |
8,068,756 |
11,480 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
12/24 at 100.00 |
A1 |
11,001,973 |
ThedaCare Inc, Series 2015, 5.000%, 12/15/44 |
||||
2,000 |
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, |
12/29 at 100.00 |
A1 |
1,650,580 |
ThedaCare Inc, Series 2019, 4.000%, 12/15/49 |
||||
165,873 |
Total Wisconsin |
150,072,082 | ||
Wyoming – 0.3% (0.2% of Total Investments) |
||||
9,625 |
Sweetwater County, Wyoming, Hospital Revenue Bonds, Memorial Hospital Project, Refunding |
9/23 at 100.00 |
BB+ (4) |
9,740,693 |
Series 2013A, 5.000%, 9/01/37 (Pre-refunded 9/01/23) |
||||
$ 6,828,259 |
Total Long-Term Investments (cost $6,241,110,966) |
5,889,451,117 | ||
Borrowings – (0.9)% (9) |
(29,500,000) | |||
Floating Rate Obligations – (3.2)% |
(111,565,000) | |||
Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (5.0)% (10) |
(172,846,565) | |||
MuniFund Preferred Shares, net of deferred offering costs – (31.6)% (11) |
(1,086,596,660) | |||
Variable Rate Demand Preferred Shares, net of deferred offering costs – (33.6)% (12) |
(1,154,276,752) | |||
Other Assets Less Liabilities – 2.9% |
102,077,352 | |||
Net Assets Applicable to Common Shares – 100% |
$ 3,436,743,492 |
(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. Optional Call Provisions are not covered by the report of independent registered public accounting firm. |
(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. Ratings are not covered by the report of independent registered public accounting firm. |
(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) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. |
(7) | For fair value measurement disclosure purposes, investment classified as Level 3. |
(8) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. |
(9) | Borrowings as a percentage of Total Investments is 0.5%. |
(10) | Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering cost as a percentage of Total Investments is 2.9% |
(11) | MuniFund Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 18.4%. |
(12) | Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 19.6%. |
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. |
WI/DD | Investment, or portion of investment, purchased on a when-issued or delayed delivery basis. |
NAD |
NEA | |
Assets |
||
Long-term investments, at value (cost $5,000,765,597 and $6,241,110,966, respectively) |
$4,713,950,443 |
$5,889,451,117 |
Cash |
— |
2,088,802 |
Cash held in escrow for preferred shares noticed for redemption* |
127,700,000 |
143,500,000 |
Receivable for: |
||
Dividends |
419 |
— |
Interest |
69,250,217 |
81,764,407 |
Investments sold |
63,865,001 |
49,375,445 |
Other assets |
1,404,818 |
2,265,614 |
Total assets |
4,976,170,898 |
6,168,445,385 |
Liabilities |
||
Cash overdraft |
1,608,731 |
— |
Borrowings |
52,400,000 |
29,500,000 |
Floating rate obligations |
96,685,000 |
111,565,000 |
Payable for: |
||
Dividends |
10,228,708 |
12,691,972 |
Interest |
627,647 |
869,281 |
Adjustable Rate MuniFund Term Preferred (“AMTP”) Shares noticed for redemption, |
||
at liquidation value |
— |
143,500,000 |
Variable Rate Demand Preferred (“VRDP”) Shares noticed for redemption, |
||
at liquidation value |
127,700,000 |
— |
Investments purchased - regular settlement |
— |
6,213,586 |
Investments purchased - when-issued/delayed-delivery settlement |
8,381,903 |
8,546,953 |
Adjustable Rate MuniFund Term Preferred (“AMTP”) Shares, net of deferred offering costs |
||
(liquidation preference $727,500,000 and $173,000,000, respectively) |
727,215,997 |
172,846,565 |
MuniFund Preferred (“MFP”) Shares, net of deferred offering costs |
||
(liquidation preference $679,000,000 and $1,088,900,000, respectively) |
678,473,218 |
1,086,596,660 |
Variable Rate Demand Preferred (“VRDP”) Shares, net of deferred offering costs |
||
(liquidation preference $504,300,000 and $1,159,400,000, respectively) |
503,098,217 |
1,154,276,752 |
Accrued expenses: |
||
Management fees |
2,338,785 |
2,898,243 |
Trustees fees |
993,631 |
1,342,122 |
Other |
786,678 |
854,759 |
Total liabilities |
2,210,538,515 |
2,731,701,893 |
Commitments and contingencies (as disclosed in Note 8) |
||
Net assets applicable to common shares |
$2,765,632,383 |
$3,436,743,492 |
Common shares outstanding |
233,404,656 |
|
Net asset value (“NAV”) per common share outstanding |
$ 11.85 |
$ 11.49 |
Net assets applicable to common shares consist of: |
||
Common shares, $0.01 par value per share |
$ 2,334,047 |
$ 2,990,374 |
Paid-in surplus |
3,240,006,945 |
4,013,805,279 |
Total distributable earnings (loss) |
(476,708,609) |
(580,052,161) |
Net assets applicable to common shares |
$2,765,632,383 |
$3,436,743,492 |
Authorized shares: |
||
Common |
Unlimited |
Unlimited |
Preferred |
Unlimited |
Unlimited |
NAD |
NEA | |
Investment Income |
$ 215,487,876 |
$ 263,168,121 |
Expenses |
||
Management fees |
29,988,160 |
37,323,556 |
Interest expense and amortization of offering costs |
29,780,669 |
31,238,790 |
Liquidity fees |
4,894,741 |
10,805,762 |
Remarketing fees |
640,776 |
2,165,433 |
Custodian expenses, net |
412,559 |
415,028 |
Trustees fees |
149,616 |
183,158 |
Professional fees |
390,326 |
514,155 |
Shareholder reporting expenses |
207,114 |
246,473 |
Shareholder servicing agent fees |
109,498 |
125,240 |
Stock exchange listing fees |
148,340 |
141,350 |
Investor relations expenses |
244,640 |
306,770 |
Other |
330,109 |
214,818 |
Net expenses |
67,296,548 |
83,680,533 |
Net investment income (loss) |
148,191,328 |
179,487,588 |
Realized and Unrealized Gain (Loss) |
||
Net realized gain (loss) from Investments |
(127,718,956) |
(178,698,633) |
Change in net unrealized appreciation (depreciation) of Investments |
(854,448,481) |
(1,066,387,164) |
Net realized and unrealized gain (loss) |
(982,167,437) |
(1,245,085,797) |
Net increase (decrease) in net assets applicable to common shares from operations |
$(833,976,109) |
$(1,065,598,209) |
NAD |
NEA | ||||
Year Ended |
Year Ended |
Year Ended |
Year Ended | ||
10/31/22 |
10/31/21 |
10/31/22 |
10/31/21 | ||
Operations |
|||||
Net investment income (loss) |
$ 148,191,328 |
$ 161,892,479 |
$ 179,487,588 |
$ 201,917,943 | |
Net realized gain (loss) from investments |
(127,718,956) |
5,976,132 |
(178,698,633) |
13,219,775 | |
Change in net unrealized appreciation (depreciation) of investments |
(854,448,481) |
63,470,598 |
(1,066,387,164) |
39,506,288 | |
Net increase (decrease) in net assets applicable to common shares |
|||||
from operations |
(833,976,109) |
231,339,209 |
(1,065,598,209) |
254,644,006 | |
Distributions to Common Shareholders |
|||||
Dividends |
(159,765,489) |
(158,884,170) |
(194,972,381) |
(205,660,254) | |
Decrease in net assets applicable to common shares from distributions |
|||||
to common shareholders |
(159,765,489) |
(158,884,170) |
(194,972,381) |
(205,660,254) | |
Capital Share Transactions |
|||||
Common Shares: |
|||||
Issued in the Reorganization |
— |
352,666,794 |
— |
329,945,848 | |
Net increase (decrease) in net assets applicable to common shares from |
|||||
capital share transactions |
— |
352,666,794 |
— |
329,945,848 | |
Net increase (decrease) in net assets applicable to common shares |
(993,741,598) |
425,121,833 |
(1,260,570,590) |
378,929,600 | |
Net assets applicable to common shares at the beginning of period |
3,759,373,981 |
3,334,252,148 |
4,697,314,082 |
4,318,384,482 | |
Net assets applicable to common shares at the end of period |
$2,765,632,383 |
$3,759,373,981 |
$3,436,743,492 |
$4,697,314,082 |
NAD |
NEA | |
Cash Flow from Operating Activities: |
||
Net Increase (Decrease) in Net Assets Applicable to Common Shares from Operations |
$ (833,976,109) |
$(1,065,598,209) |
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 |
(2,018,461,605) |
(2,417,306,229) |
Proceeds from sales and maturities of investments |
2,124,118,375 |
2,543,552,554 |
Proceeds from (Purchases of) short-term investments, net |
9,100,000 |
6,500,000 |
Payment-in-kind distributions |
(109,758) |
(1,460) |
Taxes paid |
(14,166) |
(10,221) |
Amortization (Accretion) of premium and discounts, net |
6,524,662 |
9,499,438 |
Amortization of deferred offering costs |
411,066 |
657,088 |
(Increase) Decrease in: |
||
Receivable for dividends |
114 |
— |
Receivable for interest |
1,908,498 |
5,410,984 |
Receivable for investments sold |
14,352,637 |
24,981,798 |
Other assets |
201,805 |
257,702 |
Increase (Decrease) in: |
||
Payable for interest |
627,647 |
869,281 |
Payable for Investments purchased - regular settlement |
(8,215,200) |
(6,483,471) |
Payable for Investments purchased - when-issued/delayed-delivery settlement |
(19,767,036) |
(24,836,239) |
Payable for offering costs |
— |
(251,705) |
Accrued management fees |
(388,983) |
(506,935) |
Accrued Trustees fees |
(222,348) |
(304,024) |
Accrued other expenses |
(140,214) |
(228,851) |
Net realized (gain) loss from: |
||
Investments |
127,718,956 |
178,698,633 |
Paydowns |
(529,928) |
(143,790) |
Change in net unrealized (appreciation) depreciation of Investments |
854,448,481 |
1,066,387,164 |
Net cash provided by (used in) operating activities |
257,586,894 |
321,143,508 |
Cash Flow from Financing Activities: |
||
Increase (Decrease) in cash overdraft |
(4,340,750) |
— |
(Repayments of) floating rate obligations |
(15,275,000) |
(21,925,000) |
Proceeds from borrowings |
83,541,416 |
61,721,697 |
(Repayments of) borrowings |
(31,141,416) |
(32,221,697) |
Cash distributions paid to common shareholders |
(162,671,144) |
(199,023,905) |
Net cash provided by (used in) financing activities |
(129,886,894) |
(191,448,905) |
Net Increase (Decrease) in Cash and cash held in escrow for preferred shares noticed for redemption |
127,700,000 |
129,694,603 |
Cash held in escrow for preferred shares noticed for redemption at the beginning of period |
— |
15,894,199 |
Cash and cash held in escrow for preferred shares noticed for redemption at the end of period |
$ 127,700,000 |
$ 145,588,802 |
NAD |
NEA | |
Cash |
$ — |
$ 2,088,802 |
Cash held in escrow for preferred shares noticed for redemption |
127,700,000 |
143,500,000 |
Total cash and cash held in escrow for preferred shares noticed for redemption |
$ 127,700,000 |
$ 145,588,802 |
Supplemental Disclosure of Cash Flow Information |
||
Cash paid for interest (excluding amortization of offering costs) |
$ 28,701,916 |
$ 29,557,089 |
Less Distributions |
||||||||||||
Investment Operations |
to Common Shareholders |
Common Share | ||||||||||
From |
Discount |
|||||||||||
Beginning |
Net |
Net |
From |
Accumu- |
per |
|||||||
Common |
Investment |
Realized/ |
Net |
lated Net |
Share |
Ending | ||||||
Share |
Income |
Unrealized |
Investment |
Realized |
Repurchased |
Ending |
Share | |||||
NAV |
(Loss) |
Gain (Loss) |
Total |
Income |
Gains |
Total |
and Retired |
NAV |
Price | |||
NAD |
||||||||||||
Year Ended 10/31: |
||||||||||||
2022 |
$16.11 |
$0.63 |
$(4.21) |
$(3.58) |
$(0.68) |
$ — |
$(0.68) |
— |
$11.85 |
$10.63 | ||
2021 |
15.75 |
0.72 |
0.35 |
1.07 |
(0.71) |
— |
(0.71) |
— |
16.11 |
15.63 | ||
2020 |
15.91 |
0.70 |
(0.19) |
0.51 |
(0.67) |
— |
(0.67) |
— |
15.75 |
14.44 | ||
2019 |
14.42 |
0.67 |
1.46 |
2.13 |
(0.64) |
— |
(0.64) |
— |
15.91 |
14.42 | ||
2018 |
15.41 |
0.69 |
(0.99) |
(0.30) |
(0.69) |
— |
(0.69) |
—* |
14.42 |
12.41 | ||
NEA |
||||||||||||
Year Ended 10/31: |
||||||||||||
2022 |
15.71 |
0.60 |
(4.17) |
(3.57) |
(0.65) |
— |
(0.65) |
— |
11.49 |
10.32 | ||
2021 |
15.50 |
0.69 |
0.22 |
0.91 |
(0.70) |
— |
(0.70) |
— |
15.71 |
15.18 | ||
2020 |
15.58 |
0.69 |
(0.11) |
0.58 |
(0.66) |
— |
(0.66) |
— |
15.50 |
14.33 | ||
2019 |
14.16 |
0.66 |
1.40 |
2.06 |
(0.64) |
— |
(0.64) |
— |
15.58 |
14.20 | ||
2018 |
15.07 |
0.68 |
(0.91) |
(0.23) |
(0.68) |
— |
(0.68) |
—* |
14.16 |
12.13 |
Common Share Supplemental Data/ |
||||||
Ratios Applicable to Common Shares |
||||||
Common Share |
||||||
Total Returns |
Ratios to Average Net Assets(b) |
|||||
Based |
Ending |
|||||
Based |
on |
Net |
Net |
Portfolio | ||
on |
Share |
Assets |
Investment |
Turnover | ||
NAV(a) |
Price(a) |
(000) |
Expenses |
Income (Loss) |
Rate(c) | |
(22.79)% |
(28.38)% |
$2,765,632 |
2.02% |
4.44% |
37% | |
6.85 |
13.31 |
3,759,374 |
1.44 |
4.43 |
10 | |
3.27 |
4.89 |
3,334,252 |
1.87 |
4.47 |
15 | |
15.03 |
21.78 |
3,211,273 |
2.45 |
4.35 |
8 | |
(2.03) |
(5.69) |
2,910,735 |
2.34 |
4.57 |
20 | |
(23.31) |
(28.47) |
3,436,743 |
2.01 |
4.31 |
36 | |
5.91 |
10.92 |
4,697,314 |
1.44 |
4.31 |
12 | |
3.84 |
5.74 |
4,318,384 |
1.85 |
4.46 |
16 | |
14.81 |
22.78 |
4,093,389 |
2.40 |
4.41 |
8 | |
(1.62) |
(5.84) |
3,719,774 |
2.29 |
4.63 |
11 |
(b) | • Net Investment Income (Loss) ratios reflect income earned and expenses incurred (as further described below) on assets attributable to preferred shares issued by the Fund, where applicable. |
• | The expense ratios reflect, among other things, all interest expense and other costs related to preferred shares (as described in Note 5 – Fund 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 4 – Portfolio Securities and Investments in Derivatives), where applicable, as follows: |
Ratios of Interest Expense to |
Ratios of Interest Expense to | |||
Average Net Assets Applicable |
Average Net Assets Applicable | |||
to Common Shares |
to Common Shares | |||
NAD |
NEA |
|||
Year Ended 10/31: |
Year Ended 10/31: |
|||
2022 |
1.06% |
2022 |
1.06% | |
2021 |
0.53 |
2021 |
0.53 | |
2020 |
0.94 |
2020 |
0.94 | |
2019 |
1.50 |
2019 |
1.47 | |
2018 |
1.39 |
2018 |
1.35 |
(c) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
* | Value rounded to zero. |
AMTP, MFP, | |||||||||||||
VMTP and/or | |||||||||||||
AMTP Shares |
MFP Shares |
VMTP Shares |
VRDP Shares |
VRDP Shares | |||||||||
Asset |
Asset |
Asset |
Asset |
Asset | |||||||||
Aggregate |
Coverage |
Aggregate |
Coverage |
Aggregate |
Coverage |
Aggregate |
Coverage |
Coverage | |||||
Amount |
Per |
Amount |
Per |
Amount |
Per |
Amount |
Per |
Per $1 | |||||
Outstanding |
$100,000 |
Outstanding |
$100,000 |
Outstanding |
$100,000 |
Outstanding |
$100,000 |
Liquidation | |||||
(000)(a) |
Share(b) |
(000)(a) |
Share(b)(d) |
(000)(a) |
Share(b) |
(000)(a) |
Share(b) |
Preference | |||||
NAD |
|||||||||||||
Year Ended 10/31: |
|||||||||||||
2022 |
$727,500 |
$240,874 |
$679,000 |
$240,874 |
$ — |
$ — |
$ 504,300 |
$240,874 |
$2.41 | ||||
2021 |
727,500 |
284,419 |
679,000 |
284,419 |
— |
— |
632,000 |
284,419 |
2.84 | ||||
2020 |
545,500 |
279,599 |
679,000 |
279,599 |
— |
— |
632,000 |
279,599 |
2.80 | ||||
2019 |
545,500 |
279,954 |
607,000 |
279,954 |
— |
— |
632,000 |
279,954 |
2.80 | ||||
2018 |
— |
— |
607,000 |
263,112 |
545,500 |
263,112 |
632,000 |
263,112 |
2.63 | ||||
NEA |
|||||||||||||
Year Ended 10/31: |
|||||||||||||
2022 |
173,000 |
240,229 |
1,088,900 |
240,229 |
— |
— |
1,159,400 |
240,229 |
2.40 | ||||
2021 |
316,500 |
283,145 |
1,088,900 |
283,145 |
— |
— |
1,159,400 |
283,145 |
2.83 | ||||
2020 |
143,500 |
280,550 |
958,000 |
280,550 |
— |
— |
1,290,300 |
280,550 |
2.81 | ||||
2019 |
— |
— |
958,000 |
282,066 |
— |
— |
1,290,300 |
282,066 |
2.82 | ||||
2018 |
— |
— |
958,000 |
265,448 |
— |
— |
1,290,300 |
265,448 |
2.65 |
(a) | Aggregate Amount Outstanding: Aggregate amount outstanding represents the liquidation preference as of the end of the relevant fiscal year and does not include any preferred shares noticed for redemption as noted on the Statement of Assets and Liabilities, where applicable. |
(b) | Asset Coverage Per $100,000: Asset coverage per $100,000 is calculated by subtracting the Fund’s liabilities and indebtedness not represented by senior securities from the Fund’s total assets, dividing the result by the aggregate amount of the Fund’s senior securities representing indebtedness then outstanding (if applicable,) plus the aggregate of the involuntary liquidation preference of the outstanding preferred shares, if applicable, and multiplying the result by 100,000. |
(c) | Asset Coverage Per $1,000: Asset coverage per $1,000 is calculated by subtracting the Fund’s liabilities and indebtedness not represented by senior securities from the Fund’s total assets, dividing the result by the aggregate amount of the Fund’s senior securities representing indebtedness then outstanding (if applicable,) plus the aggregate of the involuntary liquidation preference of the outstanding preferred shares, if applicable, and multiplying the result by 1,000. |
(d) | 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. The asset coverage per $1,000 share for NEA’s Series D MFP Shares were as follows: |
Asset | |
Coverage | |
Per | |
$1,000 | |
NEA |
Share(c) |
Series D |
|
Year Ended 10/31: |
|
2022 |
$2,402 |
2021 |
2,831 |
2020 |
2,805 |
2019 |
2,800 |
2018 |
— |
NAD |
NEA | |
Custodian Fee Credit |
$9,893 |
$13,571 |
NAD |
Level 1 |
Level 2 |
Level 3 |
Total |
Long-Term Investments*: |
||||
Municipal Bonds |
$ — |
$4,713,083,454 |
$324,859** |
$4,713,408,313 |
Investment Companies |
382,478 |
— |
— |
382,478 |
Variable Rate Senior Loan Interests |
— |
159,652 |
— |
159,652 |
Total |
$382,478 |
$4,713,243,106 |
$324,859 |
$4,713,950,443 |
NEA |
||||
Long-Term Investments*: |
||||
Municipal Bonds |
$ — |
$5,888,960,866 |
$490,251** |
$5,889,451,117 |
* | Refer to the Fund’s Portfolio of Investments for state 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 |
$ 96,685,000 |
$111,565,000 |
Floating rate obligations: externally-deposited Inverse Floaters |
41,650,000 |
67,015,000 |
Total |
$138,335,000 |
$178,580,000 |
Self-Deposited Inverse Floaters |
NAD |
NEA |
Average floating rate obligations outstanding |
$104,843,356 |
$131,965,521 |
Average annual interest rate and fees |
1.29% |
1.26% |
Floating Rate Obligations — Recourse Trusts |
NAD |
NEA |
Maximum exposure to Recourse Trusts: self-deposited Inverse Floaters |
$ 84,120,000 |
$111,565,000 |
Maximum exposure to Recourse Trusts: externally-deposited Inverse Floaters |
36,025,000 |
67,015,000 |
Total |
$120,145,000 |
$178,580,000 |
NAD |
NEA | |
Purchases |
$2,018,461,605 |
$2,417,306,229 |
Sales and maturities |
2,124,118,375 |
2,543,552,554 |
NAD |
NEA |
|||||
Year |
Year |
Year |
Year | |||
Ended |
Ended |
Ended |
Ended | |||
10/31/22 |
10/31/21 |
10/31/22 |
10/31/21 | |||
Common Shares: |
||||||
Issued in the Reorganization |
— |
21,755,613 |
— |
20,447,125 |
Shares |
Liquidation | ||
Fund |
Series |
Outstanding |
Preference |
NAD |
2028 |
3,370 |
$337,000,000 |
2028-1 |
2,085 |
208,500,000 | |
2028-2 |
1,820 |
182,000,000 | |
NEA |
2028-1 |
1,730 |
173,000,000 |
Notice |
Term |
Premium | ||
Fund |
Period |
Series |
Redemption Date |
Expiration Date |
NAD |
360-day |
2028 |
December 1, 2028* |
November 30, 2019 |
360-day |
2028-1 |
December 1, 2028* |
November 30, 2019 | |
360-day |
2028-2 |
December 1, 2028* |
November 30, 2019 | |
NEA |
360-day |
2028-1 |
December 1, 2028* |
December 13, 2019 |
NAD |
NEA | |
Average liquidation preference of AMTP Shares outstanding |
$727,500,000 |
$316,106,849 |
Annualized dividend rate |
1.67% |
1.63% |
• | 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 their 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. |
• | 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. |
• | 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 enables its shareholders to require a liquidity provider with, 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. |
Shares |
Liquidation |
Term |
Mode | |||
Fund |
Series |
Outstanding |
Preference |
Redemption Date |
Mode |
Termination Date |
NAD |
A |
6,070 |
$607,000,000 |
January 3, 2028 |
VRM |
January 3, 2028* |
B |
720 |
72,000,000 |
September 1, 2047 |
VRM |
April 1, 2024 | |
NEA |
A |
1,850 |
$185,000,000 |
February 3, 2048 |
VRM |
February 3, 2048* |
B |
3,350 |
335,000,000 |
March 2, 2028 |
VRM |
March 2, 2028* | |
C |
2,380 |
238,000,000 |
March 2, 2028 |
VRDM |
March 2, 2028* | |
D |
330,900 |
330,900,000 |
March 1, 2029 |
VRRM |
N/A |
NAD |
NEA | |
Average liquidation preference of MFP Shares outstanding |
$679,000,000 |
$1,088,900,000 |
Annualized dividend rate |
1.53% |
1.29% |
Shares |
Remarketing |
Liquidation |
|||
Fund |
Series |
Outstanding |
Fee* |
Preference |
Maturity |
NAD |
1 |
2,368 |
0.10% |
$236,800,000 |
September 11, 2026 |
2 |
2,675 |
0.10 |
267,500,000 |
September 11, 2026 | |
NEA |
1 |
2,190 |
0.10% |
$219,000,000 |
June 1, 2040 |
3 |
3,509 |
0.05 |
350,900,000 |
March 1, 2040 | |
4 |
4,895 |
0.10 |
489,500,000 |
September 11, 2026 | |
5 |
1,000 |
0.10 |
100,000,000 |
October 1, 2046 |
NAD |
NEA | |
Average liquidation preference of VRDP Shares outstanding |
$630,600,548 |
$1,159,400,000 |
Annualized dividend rate |
0.87% |
0.83% |
Year Ended |
|||
October 31, 2022 | |||
NEA |
Series |
Shares |
Amount |
AMTP Shares noticed for redemption* |
2028 |
(1,435) |
(143,500,000) |
Year Ended | |||
October 31, 2021 | |||
NAD |
Series |
Shares |
Amount |
AMTP Shares issued in connection with the Reorganization |
2028-2 |
1,820 |
$ 182,000,000 |
Year Ended | |||
October 31, 2021 | |||
NEA |
Series |
Shares |
Amount |
AMTP Shares issued in connection with the Reorganization |
2028-1 |
1,730 |
$ 173,000,000 |
Year Ended | |||
October 31, 2021 | |||
NEA |
Series |
Shares |
Amount |
MFP Shares issued |
D |
130,900 |
$ 130,900,000 |
Year Ended | |||
October 31, 2022 | |||
NAD |
Series |
Shares |
Amount |
VRDP Shares noticed for redemption* |
3 |
(1,277) |
(127,700,000) |
* | Cash irrevocably deposited for payment of preferred shares noticed for redemption is included in “Cash held in escrow for preferred shares noticed for redemption”, on the Statement of Assets and Liabilities. |
Year Ended | |||
October 31, 2021 | |||
NEA |
Series |
Shares |
Amount |
VRDP Shares redeemed |
2 |
(1,309) |
$(130,900,000) |
Net | ||||
Gross |
Gross |
Unrealized | ||
Unrealized |
Unrealized |
Appreciation | ||
Fund |
Tax cost |
Appreciation |
(Depreciation) |
(Depreciation) |
NAD |
$4,900,135,658 |
$57,050,128 |
$(339,919,818) |
$(282,869,690) |
NEA |
6,123,777,171 |
86,985,536 |
(432,875,851) |
(345,890,315) |
Undistributed |
Undistributed |
Undistributed |
Unrealized |
Other |
||||
Tax-Exempt |
Ordinary |
Long-Term |
Appreciation |
Capital Loss |
Late-Year Loss |
Book-to-Tax |
||
Fund |
Income 1 |
Income |
Capital Gains |
(Depreciation) |
Carryforwards |
Deferrals |
Differences |
Total |
NAD |
$7,195,352 |
$432,033 |
$ — |
$(282,869,690) |
$(190,612,987) |
$ — |
$(10,853,317) |
$(476,708,609) |
NEA |
2,020,539 |
288,505 |
— |
(345,890,315) |
(223,163,726) |
— |
(13,307,164) |
(580,052,161) |
1 |
Undistributed tax-exempt income (on a tax basis) has not been reduced for the dividend declared on October 3, 2022 and paid on November 1, 2022. |
10/31/22 |
10/31/21 |
|||||
Tax-Exempt |
Ordinary |
Long-Term |
Tax-Exempt |
Ordinary |
Long-Term | |
Fund |
Income 1 |
Income |
Capital Gains |
Income |
Income |
Capital Gains |
NAD |
$159,533,710 |
$231,779 |
$ — |
$157,536,985 |
$1,347,185 |
$ — |
NEA |
193,772,024 |
1,200,357 |
— |
204,081,456 |
1,578,798 |
— |
1 |
Each Fund designates these amounts paid during the period as Exempt Interest Dividends. |
Fund |
Short-Term |
Long-Term |
Total |
NAD 2 |
$122,521,396 |
$68,091,591 |
$190,612,987 |
NEA 2 |
132,915,237 |
90,248,489 |
223,163,726 |
2 |
A portion of NAD’s and NEA’s capital loss carryforwards is subject to limitation under the Internal Revenue Code and related regulations. |
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, but do not include certain Nuveen Funds that were reorganized into funds advised by an affiliate of the Adviser during the 2019 calendar year. As of October 31, 2022, the complex-level fee for each Fund was 0.1592%. |
Cross-Trades |
NAD |
NEA |
Purchases |
$433,932,974 |
$464,631,523 |
Sales |
426,137,541 |
467,662,102 |
Realized gain(loss) |
(41,195,542) |
(46,518,322) |
NAD |
NEA | |
Maximum outstanding balance |
$75,000,000 |
$29,500,000 |
NAD |
NEA | |
Utilization period (days outstanding) |
10 |
6 |
Average daily balance outstanding |
$30,302,425 |
$15,760,849 |
Average annual interest rate |
4.54% |
2.73% |
• | The Fund may invest up to 20% of its Managed Assets in municipal securities that pay interest that is taxable under the federal alternative minimum tax. |
• | The Fund may invest up to 35% of its Managed Assets in securities that, at the time of investment, are rated below the three highest grades (Baa or BBB or lower) by at least one nationally recognized statistical rating organization (“NRSRO”) or are unrated but judged to be of comparable quality by the Fund’s sub-adviser. |
• | The Fund may invest up to 15% of its Managed Assets in inverse floating rate securities. |
• | The Fund may not enter into a futures contract or related options or forward contracts if more than 30% of the Fund’s Managed Assets would be represented by futures contracts or more than 5% of the Fund’s Managed Assets would be committed to initial margin deposits and premiums on futures contracts or related options. |
• | May invest up to 35% of its Managed Assets in securities rated, at the time of investment, below the three highest grades (Baa or BBB or lower) by at least one NRSRO which includes below-investment-grade securities, or unrated securities judged to be of comparable quality by the Fund’s sub-adviser. |
• | May invest in distressed securities but may not invest in the securities of an issuer which, at the time of investment, is in default on its obligations to pay principal or interest thereon when due or that is involved in a bankruptcy proceeding (i.e., rated below C-, at the time of investment); provided, however, that the Fund’s sub-adviser may determine that it is in the best interest of shareholders in pursuing a workout arrangement with issuers of defaulted securities to make loans to the defaulted issuer or another party, or purchase a debt, equity or other interest from the defaulted issuer or another party, or take other related or similar steps involving the investment of additional monies, but only if that issuer’s securities are already held by the Fund. |
• | May invest up to 15% of its Managed Assets in inverse floating rate securities. |
• | The Fund may not enter into a futures contract or related options or forward contracts if more than 30% of the Fund’s Managed Assets would be represented by futures contracts or more than 5% of the Fund’s Managed Assets would be committed to initial margin deposits and premiums on futures contracts or related options. |
Nuveen Quality Municipal |
Nuveen AMT-Free Quality | |
Risk |
Income Fund (NAD) |
Municipal Income Fund (NEA) |
Portfolio Level Risks |
||
Alternative Minimum Tax Risk |
X |
— |
Below Investment Grade Risk |
X |
X |
Call Risk |
X |
X |
Credit Risk |
X |
X |
Credit Spread Risk |
X |
X |
Deflation Risk |
X |
X |
Derivatives Risk |
X |
X |
Distressed Securities Risk |
X |
X |
Duration Risk |
X |
X |
Economic Sector Risk |
X |
X |
Financial Futures and Options Risk |
X |
X |
Hedging Risk |
X |
X |
Illiquid Investments Risk |
X |
X |
Income Risk |
X |
X |
Inflation Risk |
X |
X |
Insurance Risk |
X |
X |
Interest Rate Risk |
X |
X |
Inverse Floating Rate Securities Risk |
X |
X |
LIBOR Replacement Risk |
X |
X |
Municipal Securities Market Liquidity Risk |
X |
X |
Municipal Securities Market Risk |
X |
X |
Other Investment Companies Risk |
X |
X |
Puerto Rico Municipal Securities Market Risk |
X |
X |
Reinvestment Risk |
X |
X |
Sector and Industry Risk |
X |
X |
Sector Focus Risk |
X |
X |
Special Risks Related to Certain Municipal Obligations |
X |
X |
Swap Transactions Risk |
X |
X |
Tax RiskX |
X |
|
Taxability Risk |
X |
X |
Tobacco Settlement Bond Risk |
X |
X |
Unrated Securities Risk |
X |
X |
Valuation Risk |
X |
X |
Zero Coupon Bonds Risk |
X |
X |
Nuveen Quality Municipal |
Nuveen AMT-Free Quality | |
Risk |
Income Fund (NAD) |
Municipal Income Fund (NEA) |
Fund Level and Other Risks |
||
Anti-Takeover Provisions |
X |
X |
Counterparty Risk |
X |
X |
Cybersecurity Risk |
X |
X |
Economic and Political Events Risk |
X |
X |
Global Economic Risk |
X |
X |
Investment and Market Risk |
X |
X |
Legislation and Regulatory Risk |
X |
X |
Leverage Risk |
X |
X |
Market Discount from Net Asset Value |
X |
X |
Recent Market Conditions |
X |
X |
Reverse Repurchase Agreement Risk |
X |
X |
• | If the Fund has a need for cash and the securities in a special purpose trust are not actively trading due to adverse market conditions; |
• | If special purpose trust sponsors (as a collective group or individually) experience financial hardship and consequently seek to terminate their respective outstanding special purpose trusts; and |
• | If the value of an underlying security declines significantly and if additional collateral has not been posted by the Fund. |
Nuveen Quality Municipal |
Nuveen AMT-Free Quality | |
Income Fund (NAD) |
Municipal Income Fund (NEA) | |
Estimated Leverage as a Percentage of Managed Assets (Including Assets Attributable to Leverage) |
42.56% |
|
Estimated Annual Effective Leverage Expense Rate Payable by Fund on Leverage |
1.65% |
|
Annual Return Fund Portfolio Must Experience (net of expenses) to Cover Estimated Annual |
||
Effective Interest Expense Rate on Leverage |
0.70% |
|
Common Share Total Return for (10.00)% Assumed Portfolio Total Return |
-18.63% |
- |
Common Share Total Return for (5.00)% Assumed Portfolio Total Return |
-9.93% |
- |
Common Share Total Return for 0.00% Assumed Portfolio Total Return |
-1.22% |
- |
Common Share Total Return for 5.00% Assumed Portfolio Total Return |
7.48% |
|
Common Share Total Return for 10.00% Assumed Portfolio Total Return |
16.19% |
Variable Rate |
AMPT, MFP, | ||||||||||
Adjustable Rate |
MuniFund Term |
MuniFund Term |
Variable Rate |
MTP, VMTP | |||||||
MuniFund Term |
MuniFund Preferred |
Preferred (MTP) |
Preferred (VMTP) |
Demand Preferred |
and/or VRDP | ||||||
Preferred (AMTP) Shares |
(MFP) Shares |
Shares at the |
Shares at the |
(VRDP) Shares at |
Shares at the | ||||||
at the End of Period |
at the End of Period |
End of Period |
End of Period |
the End of Period |
End of Period | ||||||
Asset |
Asset |
Asset |
Asset |
Asset | |||||||
Aggregate |
Coverage |
Aggregate |
Coverage |
Aggregate |
Asset |
Aggregate |
Coverage |
Aggregate |
Coverage |
Coverage | |
Amount |
Per |
Amount |
Per |
Amount |
Coverage |
Amount |
Per |
Amount |
Per |
Per $1 | |
Fiscal Year |
Outstanding $100,000 Outstanding $100,000 Outstanding Per $10 Outstanding $100,000 Outstanding $100,000 Liquidation | ||||||||||
Ended |
(000) (1) |
Share (2) |
(000) (1) |
Share (2)(3) (000) (1) |
Share (4) |
(000) (1) |
Share (2) |
(000) (1) |
Share (2) |
Preference | |
October 31 |
|||||||||||
2022 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
2021 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
2020 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
2019 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
2018 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
2017 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
2016 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
2015 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
2014 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
2013 |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
$ |
(1) | Aggregate Amount Outstanding: Aggregate amount outstanding represents the liquidation preference as of the end of the relevant fiscal year and does not include any preferred shares noticed for redemption as noted on the Statement of Assets and Liabilities where applicable. |
(2) | Asset Coverage Per $100,000: Asset coverage per $100,000 is calculated by subtracting the Fund’s liabilities and indebtedness not represented by senior securities from the Fund’s total assets, dividing the result by the aggregate amount of the Fund’s senior securities representing indebtedness then outstanding, and multiplying the result by 100,000. |
(3) | The Fund’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. The asset coverage per $1,000 share for the Fund’s Series D MFP Shares were as follows: |
Fiscal Year Ended October 31 |
|||||
Series D MFP Shares |
2022 |
2021 |
2020 |
2019 |
2018 |
Asset Coverage Per $1,000 Share* |
$ |
$ |
$ |
$ |
$ |
Fiscal Year Ended October 31 | |||
Series 2015 (NEA PRCCL) |
2014 |
2013 |
2012 |
Ending Market Value per Share |
$ |
$ |
$ |
Average Market Value per Share |
$ |
$ |
$ |
Net Long-Term | |
Fund |
Capital Gains |
NAD |
$ — |
NEA |
— |
Board of Trustees |
|||||
Jack B. Evans |
William C. Hunter |
Amy B. R. Lancellotta |
Joanne T. Medero |
Albin F. Moschner |
John K. Nelson |
Judith M. Stockdale |
Carole E. Stone |
Matthew Thornton III |
Terence J. Toth |
Margaret L. Wolff |
Robert L. Young |
Investment Adviser |
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 |
Chicago, IL 60606 |
One Lincoln Street |
200 East Randolph Street |
Company, N.A. | |
Boston, MA 02111 |
Chicago, IL 60601 |
150 Royall Street | ||
Canton, MA 02021 | ||||
(800) 257-8787 |
NAD |
NEA | |
Common shares repurchased |
0 |
0 |
• | 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 cumulative performance (including change in NAV or market price and reinvested dividends and capital gains distributions, if any) over the time period being considered. |
• | 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. |
• | 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. |
• | Gross Domestic Product (GDP): The total market value of all final goods and services produced in a country/region in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports. |
• | Inverse Floating Rate Securities: Inverse floating rate securities are the residual interest in a tender option bond (TOB) trust, sometimes referred to as “inverse floaters”, 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 underlying 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. |
• | Leverage: Leverage is created whenever a fund has investment exposure (both reward and/or risk) equivalent to more than 100% of the investment capital. |
• | NAD Blended Benchmark: Consists of: the S&P Municipal Bond Index (defined herein) through 9/11/16 and thereafter 1) 80% S&P Municipal Bond Investment Grade Index (defined herein), and 2) 20% S&P Municipal Bond High Yield Index (defined herein). Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
• | NEA Blended Benchmark: Consists of: the S&P Municipal Bond Index (defined herein) through 9/11/16 and thereafter 1) 80% S&P Municipal Bond Investment Grade Index (defined herein), and 2) 20% S&P Municipal Bond High Yield Index (defined herein). Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
• | Net Asset Value (NAV) Per Share: A fund’s Net Assets is equal to its total assets (securities, cash, accrued earnings and receivables) less its total liabilities. NAV per share is equal to the fund’s Net Assets divided by its number of shares outstanding. |
• | Pre-Refunded Bond/Pre-Refunding: Pre-Refunded Bond/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. |
• | 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. |
• | S&P Municipal Bond High Yield Index: An index designed to measure the performance of tax-exempt high yield municipal bonds. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
• | S&P Municipal Bond Index: An index designed to measure the performance of the tax-exempt, U.S. municipal bond market. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
• | S&P Municipal Bond Investment Grade Index: An index designed to measure the performance of tax-exempt investment grade municipal bonds. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees. |
• | Tax Obligation/General Bonds: Bonds backed by the general revenues of an issuer, including taxes, where the issuer has the ability to increase taxes by an unlimited amount to pay the bonds back. |
• | Tax Obligation/Limited Bonds: Bonds backed by the general revenues of an issuer, including taxes, where the issuer doesn’t have the ability to increase taxes by an unlimited amount to pay the bonds back. |
• | 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. |
• | 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. |
• |
Centralization of Functions – ongoing initiatives to centralize investment leadership and create a more cohesive market approach and centralized shared support model (including through the consolidation of certain affiliated sub-advisers) in seeking to operate more effectively and enhance the research capabilities and services to the Nuveen funds; |
• |
Fund Improvements and Product Management Initiatives – continuing to proactively manage the Nuveen fund complex as a whole and at the individual fund level with an aim to continually improve product platforms and investment strategies to better serve shareholders through, among other things, rationalizing the product line and gaining efficiencies through mergers, repositionings and liquidations; launching new funds; reviewing and updating investment policies and benchmarks; soft closing certain funds; modifying the conversion periods on certain share classes; and evaluating and adjusting portfolio management teams as appropriate for various funds; |
• |
Capital Initiatives – continuing to invest capital to support new Nuveen funds with initial capital as well as to support existing funds; |
• |
Compliance Program Initiatives – continuing efforts to mitigate compliance risk with a focus on environmental, social and governance (“ESG ”) controls and processes, increase operating efficiencies, implement enhancements to strengthen ongoing execution of key compliance program elements, support international business growth and facilitate integration of Nuveen’s operating model; |
• |
Investment Oversight – preparing reports to the Board addressing, among other things, fund performance; market conditions; investment team matters; product developments; changes to mandates, policies and benchmarks; and other management proposals as well as preparing and coordinating investment presentations to the Board; |
• |
Risk Management and Valuation Services - continuing to oversee and manage risk including, among other things, conducting ongoing calculations and monitoring of risk measures across the Nuveen funds, instituting investment risk controls, providing risk reporting throughout Nuveen, participating in internal oversight committees, dedicating the resources and time to develop the processes necessary to help address fund compliance with the new derivatives rule and continuing to implement an operational risk framework that seeks to provide greater transparency of operational risk matters across the complex as well as provide multiple other risk programs that seek to provide a more disciplined and consistent approach to identifying and mitigating Nuveen’s operational risks. Further, the securities valuation team continues, among other things, to oversee the daily valuation process of the portfolio securities of the funds, maintain the valuation policies and procedures, facilitate valuation committee meetings, manage relationships with pricing vendors, prepare relevant valuation reports and design methods to simplify and enhance valuation workflow within the organization and implement processes and procedures to help address compliance with the new valuation rule applicable to the funds; |
• |
Regulatory Matters – continuing efforts to monitor regulatory trends and advocate on behalf of Nuveen and/or the Nuveen funds, to implement and comply with new or revised rules and mandates and to respond to regulatory inquiries and exams; |
• |
Government Relations – continuing efforts of various Nuveen teams and Nuveen’s affiliates to develop policy positions on a broad range of issues that may impact the Nuveen funds, advocate and communicate these positions to lawmakers and other regulatory authorities and work with trade associations to ensure these positions are represented; |
• |
Business Continuity, Disaster Recovery and Information Security – continuing efforts of Nuveen to periodically test and update business continuity and disaster recovery plans and, together with its affiliates, to maintain an information security program that seeks to identify and manage information security risks, and provide reports to the Board, at least annually, |
• |
Distribution Management Services – continuing to manage the distributions among the varying types of Nuveen funds within the Nuveen complex to be consistent with the respective fund’s product design and positioning in striving to deliver those earnings to shareholders in a relatively consistent manner over time as well as assisting in the development of new products or the restructuring of existing funds; and |
• | with respect specifically to closed-end funds, such continuing services also included: |
• |
• Leverage Management Services – continuing to actively manage the various forms of leverage utilized across the complex, including through committing resources and focusing on sourcing/structure development and bank provider management; |
• |
• Capital Management, Market Intelligence and Secondary Market Services – ongoing capital management efforts which may include at times shelf offerings, tender offers, capital return programs and share repurchases as well as providing market data analysis to help understand closed-end fund ownership cycles and their impact on secondary market trading as well as to improve proxy solicitation efforts; and |
• |
• Closed-end Fund Investor Relations Program – maintaining the closed-end fund investor relations program which, among other things, raises awareness, provides educational materials and cultivates advocacy for closed-end funds and the Nuveen closed-end fund product line. |
1. |
Fees and Expenses |
Name, |
Position(s) Held |
Year First |
Principal |
Number |
Year of Birth |
with the Funds |
Elected or |
Occupation(s) |
of Portfolios |
& Address |
Appointed |
Including other |
in Fund Complex | |
and Term(1) |
Directorships |
Overseen by | ||
During Past 5 Years |
Board Member | |||
Independent Board Members: |
||||
• TERENCE J. TOTH |
Formerly, a Co-Founding Partner, Promus Capital (investment advisory |
|||
1959 |
firm) (2008-2017); formerly, Director, Quality Control Corporation |
|||
333 W. Wacker Drive |
Chairman and |
2008 |
(manufacturing) (since 2012-2021); Chair of the Board of the Kehrein |
142 |
Chicago, IL 6o6o6 |
Board Member |
Class II |
Center for the Arts (philanthropy) (since 2021); member: Catalyst Schools |
|
of Chicago Board (since 2008) and Mather Foundation Board (philanthropy) |
||||
(since 2012), and chair of its Investment Committee; formerly, Member, |
||||
Chicago Fellowship Board (philanthropy) (2005-2016); formerly, Director, |
||||
Fulcrum IT Services LLC (information technology services firm to |
||||
government entities) (2010-2019); formerly, Director, LogicMark LLC |
||||
(health services) (2012-2016); formerly, Director, Legal & General Investment |
||||
Management America, Inc. (asset management) (2008-2013); formerly, CEO |
||||
and President, Northern Trust Global Investments (financial services) |
||||
(2004-2007): Executive Vice President, Quantitative Management & |
||||
Securities Lending (2000-2004); prior thereto, various positions with |
||||
Northern Trust Company (financial services) (since 1994); formerly, |
||||
Member, Northern Trust Mutual Funds Board (2005-2007), Northern |
||||
Trust Global Investments Board (2004-2007), Northern Trust Japan Board |
||||
(2004-2007), Northern Trust Securities Inc. Board (2003-2007) and Northern |
||||
Trust Hong Kong Board (1997-2004). |
||||
• JACK B. EVANS |
Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine |
|||
1948 |
Foundation, (private philanthropic corporation); Life Trustee of Coe College; |
|||
333 W. Wacker Drive |
Board Member |
1999 |
formerly, Member and President Pro-Tem of the Board of Regents for the |
142 |
Chicago, IL 6o6o6 |
Class III |
State of Iowa University System (2007- 2013); Director and Chairman |
||
(2009-2021), United Fire Group, a publicly held company; Director, |
||||
Public Member, American Board of Orthopaedic Surgery (2015-2020); |
||||
Director (2000-2004), Alliant Energy; Director (1996-2015), The |
||||
Gazette Company (media and publishing); Director (1997- 2003), Federal |
||||
Reserve Bank of Chicago; President and Chief Operating Officer (1972-1995), |
||||
SCI Financial Group, Inc., (regional financial services firm). |
||||
• WILLIAM C. HUNTER |
Dean Emeritus, formerly, Dean, Tippie College of Business, University of |
|||
1948 |
(2006-2012); Director of Wellmark, Inc. (since 2009); past Director (2005- |
|||
333 W. Wacker Drive |
Board Member |
2003 |
2015), and past President (2010-2014) Beta Gamma Sigma, Inc., The |
142 |
Chicago, IL 6o6o6 |
Class I |
International Business Honor Society; formerly, Director (2004-2018) of |
||
Xerox Corporation; formerly, Dean and Distinguished Professor of Finance, |
||||
School of Business at the University of Connecticut (2003-2006); previously, |
||||
Senior Vice President and Director of Research at the Federal Reserve Bank |
||||
of Chicago (1995-2003); formerly, Director (1997-2007), Credit Research |
||||
Center at Georgetown University. |
||||
• AMY B. R. LANCELLOTTA |
Formerly, Managing Director, Independent Directors Council (IDC) (supports |
|||
1959 |
the fund independent director community and is part of the Investment |
|||
333 W. Wacker Drive |
Board Member |
2021 |
Company Institute (ICI), which represents regulated investment companies) |
142 |
Chicago, IL 6o6o6 |
Class II |
(2006-2019); formerly, various positions with ICI (1989-2006); Member of |
||
the Board of Directors, Jewish Coalition Against Domestic Abuse (JCADA) |
||||
(since 2020). |
Name, |
Position(s) Held |
Year First |
Principal |
Number |
Year of Birth |
with the Funds |
Elected or |
Occupation(s) |
of Portfolios |
& Address |
Appointed |
Including other |
in Fund Complex | |
and Term (1) |
Directorships |
Overseen by | ||
During Past 5 Years |
Board Member | |||
Independent Board Members (continued): |
||||
• JOANNE T. MEDERO |
Formerly, Managing Director, Government Relations and Public Policy |
|||
1954 |
(2009-2020) and Senior Advisor to the Vice Chairman (2018-2020), |
|||
333 W. Wacker Drive |
Board Member |
2021 |
BlackRock, Inc. (global investment management firm); formerly, Managing |
142 |
Chicago, IL 6o6o6 |
Class III |
(Director, Global Head of Government Relations and Public Policy, Barclays |
||
Group (IBIM) (investment banking, investment management and wealth |
||||
management businesses) (2006-2009); formerly, Managing Director, |
||||
Global General Counsel and Corporate Secretary, Barclays Global Investors |
||||
(global investment management firm) (1996-2006); formerly, Partner, |
||||
Orrick, Herrington & Sutcliffe LLP (law firm) (1993-1995); formerly, General |
||||
Counsel, Commodity Futures Trading Commission (government agency |
||||
overseeing U.S. derivatives markets) (1989-1993); formerly, Deputy |
||||
Associate Director/ Associate Director for Legal and Financial Affairs, |
||||
Office of Presidential Personnel, The White House (1986-1989); Member |
||||
of the Board of Directors, Baltic-American Freedom Foundation (seeks |
||||
to provide opportunities for citizens of the Baltic states to gain education |
||||
and professional development through exchanges in the U.S.) (since 2019) |
||||
• ALBIN F. MOSCHNER |
Founder and Chief Executive Officer, Northcroft Partners, LLC, |
|||
1952 |
(management consulting) (since 2012); formerly, Chairman (2019), and |
|||
333 W. Wacker Drive |
Board Member |
2016 |
Director (2012-2019), USA Technologies, Inc., (provider of solutions |
142 |
Chicago, IL 6o6o6 |
Class III |
and services to facilitate electronic payment transactions); formerly, |
||
Director, Wintrust Financial Corporation (1996-2016); previously, held |
||||
positions at Leap Wireless International, Inc., (consumer wireless services) |
||||
including Consultant (2011- 2012), Chief Operating Officer (2008-2011), |
||||
and Chief Marketing Officer (2004- 2008); formerly, President, Verizon |
||||
Card Services division of Verizon Communications, Inc. (2000-2003); |
||||
formerly, President, One Point Services at One Point Communications |
||||
(telecommunication services) (1999-2000); formerly, Vice Chairman |
||||
of the Board, Diba, Incorporated (internet technology provider) |
||||
(1996-1997); formerly, various executive positions (1991-1996) |
||||
including Chief Executive Officer (1995-1996) of Zenith Electronics |
||||
Corporation (consumer electronics). |
||||
• JOHN K. NELSON |
Member of Board of Directors of Corel 2 LLC. (private firm which |
|||
1962 |
develops branding, marketing and communications strategies for |
|||
333 W. Wacker Drive |
Board Member |
2013 |
clients) (since 2008); served on The President’s Council of Fordham |
142 |
Chicago, IL 6o6o6 |
Class II |
University (2010-2019) and previously a Director of the Curran Center |
||
for Catholic American Studies (2009- 2018); formerly, senior external |
||||
advisor to the Financial Services practice of Deloitte Consulting LLP. |
||||
(2012-2014); former Chair of the Board of Trustees of Marian University |
||||
(2010-2014 as trustee, 2011-2014 as Chair); formerly Chief Executive |
||||
Officer of ABN AMRO Bank N.V., North America, and Global Head |
||||
of the Financial Markets Division (2007-2008), with various executive |
||||
leadership roles in ABN AMRO Bank N.V. between 1996 and 2007. |
||||
• JUDITH M. STOCKDALE |
Board Member, Land Trust Alliance (national public charity addressing |
|||
1947 |
natural land and water conservation in the U.S.) (since 2013); formerly, |
|||
333 W. Wacker Drive |
Board Member |
1997 |
Board Member, U.S. Endowment for Forestry and Communities (national |
142 |
Chicago, IL 6o6o6 |
Class I |
endowment addressing forest health, sustainable forest production and |
||
markets, and economic health of forest-reliant communities in the U.S.) |
||||
(2013-2019); formerly, Executive Director (1994-2012), Gaylord and |
||||
Dorothy Donnelley Foundation (private foundation endowed to support |
||||
both natural land conservation and artistic vitality); prior thereto, |
||||
Executive Director, Great Lakes Protection Fund (endowment created |
||||
jointly by seven of the eight Great Lake states’ Governors to take a regional |
||||
approach to improving the health of the Great Lakes) (1990-1994). |
Name, |
Position(s) Held |
Year First |
Principal |
Number |
Year of Birth |
with the Funds |
Elected or |
Occupation(s) |
of Portfolios |
& Address |
Appointed |
Including other |
in Fund Complex | |
and Term(1) |
Directorships |
Overseen by | ||
During Past 5 Years |
Board Member | |||
Independent Board Members (continued): |
||||
• CAROLE E. STONE |
Former Director, Chicago Board Options Exchange, Inc. (2006-2017); |
|||
1947 |
and C2 Options Exchange, Incorporated (2009-2017); formerly Director, |
|||
333 W. Wacker Drive |
Board Member |
2007 |
Cboe, Global Markets, Inc., (2010-2020) formerly named CBOE Holdings, |
142 |
Chicago, IL 6o6o6 |
Class I |
Inc.; formerly, Commissioner, New York State Commission on |
||
Public Authority Reform (2005-2010). |
||||
• MATTHEW THORNTON III |
Formerly, Executive Vice President and Chief Operating Officer (2018-2019), |
|||
1958 |
FedEx Freight Corporation, a subsidiary of FedEx Corporation (“FedEx”) |
|||
333 West Wacker Drive |
Board Member |
2020 |
(provider of transportation, e-commerce and business services through its |
142 |
Chicago, IL 60606 |
Class III |
portfolio of companies); formerly, Senior Vice President, U.S. Operations |
||
(2006-2018), Federal Express Corporation, a subsidiary of FedEx; formerly, |
||||
Member of the Board of Directors (2012-2018), Safe Kids Worldwide® (a |
||||
non-profit organization dedicated to preventing childhood injuries). |
||||
Member of the Board of Directors (since 2014), The Sherwin-Williams |
||||
Company (develops, manufactures, distributes and sells paints, coatings |
||||
and related products); Director (since 2020), Crown Castle International |
||||
(provider of communications infrastructure) |
||||
• MARGARET L. WOLFF |
Formerly, member of the Board of Directors (2013-2017) of Travelers |
|||
1955 |
Insurance Company of Canada and The Dominion of Canada General |
|||
333 W. Wacker Drive |
Board Member |
2016 |
Insurance Company (each, a part of Travelers Canada, the Canadian |
|
Chicago, IL 6o6o6 |
Class I |
operation of The Travelers Companies, Inc.); formerly, Of Counsel, |
142 | |
Skadden, Arps, Slate, Meagher & Flom LLP (legal services, Mergers & |
||||
Acquisitions Group) (2005-2014); Member of the Board of Trustees of |
||||
New York-Presbyterian Hospital (since 2005); Member (since 2004), |
||||
formerly, Chair (2015-2022) of the Board of Trustees of The John A. |
||||
Hartford Foundation (philanthropy dedicated to improving the care |
||||
of older adults); formerly, Member (2005-2015) and Vice Chair |
||||
(2011-2015) of the Board of Trustees of Mt. Holyoke College. |
||||
• ROBERT L. YOUNG |
Formerly, Chief Operating Officer and Director, J.P.Morgan Investment |
|||
1963 |
Management Inc. (financial services) (2010-2016); formerly, President |
|||
333 W. Wacker Drive |
Board Member |
2017 |
and Principal Executive Officer (2013-2016), and Senior Vice President |
142 |
Chicago, IL 6o6o6 |
Class II |
and Chief Operating Officer (2005-2010), of J.P.Morgan Funds; formerly, |
||
Director and various officer positions for J.P.Morgan Investment |
||||
Management Inc. (formerly, JPMorgan Funds Management, Inc. and |
||||
formerly, One Group Administrative Services) and JPMorgan |
||||
Distribution Services, Inc. (financial services) (formerly, One Group |
||||
Dealer Services, Inc.) (1999-2017). |
Name, |
Position(s) Held |
Year First |
Principal |
Year of Birth |
with the Funds |
Elected or |
Occupation(s) |
& Address |
Appointed(2) |
During Past 5 Years | |
Officers of the Funds: |
|||
• DAVID J. LAMB |
Managing Director of Nuveen Fund Advisors, LLC (since 2019) Senior Managing Director | ||
1963 |
Chief |
(since 2021), formerly, Managing Director (2020-2021) of Nuveen Securities, LLC; Senior | |
333 W. Wacker Drive |
Administrative |
2015 |
Managing Director (since 2021), formerly, Managing Director (2017-2021), Senior Vice President |
Chicago, IL 6o6o6 |
Officer |
of Nuveen (2006-2017), Vice President prior to 2006. | |
• BRETT E. BLACK |
Enterprise Senior Compliance Officer of Nuveen (since 2022); formerly, Vice President (2014-2022), | ||
1972 |
Vice President |
Chief Compliance Officer (2017-2022), Deputy Chief Compliance Officer (2014-2017) and Senior | |
333 W. Wacker Drive |
and Chief |
2022 |
Compliance Officer (2012-2014) of BMO Funds, Inc.; formerly Senior Compliance Officer of |
Chicago, IL 6o6o6 |
Compliance Officer |
BMO Asset Management Corp. (2012-2014). | |
• MARK J. CZARNIECKI |
Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2016); Managing Director | ||
1979 |
Vice President |
(since 2022), formerly, Vice President (2017-2022) and Assistant Secretary (since 2017) of Nuveen | |
901 Marquette Avenue | and Assistant |
2013 |
Fund Advisors, LLC; Managing Director and Associate General Counsel (since January 2022), | |
Minneapolis, MN 55402 |
Secretary |
formerly, Vice President and Associate General Counsel of Nuveen (2013-2021); Managing Director | |
(since 2022), formerly, Vice President (2018-2022), Assistant Secretary and Associate General | |||
Counsel (since 2018) of Nuveen Asset Management LLC | |||
• DIANA R. GONZALEZ |
Vice President and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2017); Vice | ||
1978 |
Vice President |
President, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC | |
333 W. Wacker Drive |
and Assistant |
2017 |
(since 2022); Vice President and Associate General Counsel of Nuveen (since 2017); |
Chicago, IL 6o6o6 |
Secretary |
formerly, Associate General Counsel of Jackson National Asset Management (2012-2017). | |
• NATHANIEL T. JONES |
Senior Managing Director (since 2021), formerly, Managing Director (2017-2021), Senior Vice | ||
1979 |
President (2016-2017), Vice President (2011-2016) of Nuveen; Managing Director | ||
333 W. Wacker Drive |
Vice President |
(since 2015) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Chicago, IL 6o6o6 |
and Treasurer |
2016 |
|
• TINA M. LAZAR |
Managing Director (since 2017), formerly, Senior Vice President (2014-2017) of Nuveen | ||
1961 |
Securities, LLC. | ||
333 W. Wacker Drive |
Vice President |
2002 |
|
Chicago, IL 6o6o6 |
|||
• BRIAN J. LOCKHART |
Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Senior Managing Director (since | ||
1974 |
2021), formerly, Managing Director (2017-2021), Vice President (2010-2017) of Nuveen; Head | ||
333 W. Wacker Drive |
Vice President |
2019 |
of Investment Oversight (since 2017), formerly, Team Leader of Manager Oversight (2015-2017); |
Chicago, IL 6o6o6 |
Chartered Financial Analyst and Certified Financial Risk Manager. | ||
• JOHN M. MCCANN |
Managing Director and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2021); Managing | ||
1975 |
Director, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC | ||
8500 Andrew |
Vice President and |
2022 |
(since 2021); Managing Director (since 2021) and Assistant Secretary (since 2016) of TIAA SMA |
Carnegie Blvd. |
AssistantSecretary |
Strategies LLC; Managing Director (since 2019, formerly, Vice President and Director), Associate | |
Charlotte, NC 28262 |
General Counsel and Assistant Secretary of College Retirement Equities Fund, TIAA Separate | ||
Account VA-1, TIAA-CREF Funds and TIAA-CREF Life Funds; Managing Director (since 2018), | |||
formerly, Vice President and Director, Associate General Counsel and Assistant Secretary of | |||
Teachers Insurance and Annuity Association of America, Teacher Advisors LLC and TIAA-CREF | |||
Investment Management, LLC; Vice President (since 2017), Associate General Counsel and | |||
Assistant Secretary (since 2017) of Nuveen Alternative Advisors LLC; General Counsel and Assistant | |||
Secretary of Covariance Capital Management, Inc. (2014-2017). |
Name, |
Position(s) Held |
Year First |
Principal |
Year of Birth |
with the Funds |
Elected or |
Occupation(s) |
& Address |
Appointed (2) |
During Past 5 Years | |
Officers of the Funds (continued): |
|||
• KEVIN J. MCCARTHY |
Senior Managing Director (since 2017) and Secretary and General Counsel (since 2016) of Nuveen | ||
1966 |
Vice President |
Investments, Inc., formerly, Executive Vice President (2016-2017) and Managing Director and | |
333 W. Wacker Drive |
and Assistant |
2007 |
Assistant Secretary (2008-2016); Senior Managing Director (since 2017) and Assistant Secretary |
Chicago, IL 6o6o6 |
Secretary |
(since 2008) of Nuveen Securities, LLC, formerly Executive Vice President (2016-2017) and | |
Managing Director (2008- 2016); Senior Managing Director (since 2017), and Secretary (since | |||
2016) of Nuveen Fund Advisors, LLC, formerly, Co-General Counsel (2011-2020), Executive Vice | |||
President (2016-2017), Managing Director (2008-2016) and Assistant Secretary (2007-2016); Senior | |||
Managing Director (since 2017), Secretary (since 2016) of Nuveen Asset Management, LLC, | |||
formerly, Associate General Counsel (2011-2020), Executive Vice President (2016- 2017) and | |||
Managing Director and Assistant Secretary (2011- 2016); formerly, Vice President (2007-2021) and | |||
Secretary (2016-2021), of NWQ Investment Management Company, LLC, and Santa Barbara Asset | |||
Management, LLC; Vice President and Secretary of Winslow Capital Management, LLC (since 2010). | |||
Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Alternative | |||
Investments, LLC. | |||
• JON SCOTT MEISSNER |
Managing Director of Mutual Fund Tax and Financial Reporting groups at Nuveen (since 2017); | ||
1973 |
Vice President |
Managing Director of Nuveen Fund Advisors, LLC (since 2019); Senior Director of Teachers | |
8500 Andrew |
and Assistant |
2019 |
Advisors, LLC and TIAA-CREF Investment Management, LLC (since 2016); Senior Director (since |
Carnegie Blvd. |
Secretary |
2015) Mutual Fund Taxation to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate | |
Charlotte, NC 28262 |
Account VA-1 and the CREF Accounts; has held various positions with TIAA since 2004. | ||
• DEANN D. MORGAN |
President, Nuveen Fund Advisors, LLC (since 2020); Executive Vice President, Global Head | ||
1969 |
of Product at Nuveen (since 2019); Co-Chief Executive Officer of Nuveen Securities, LLC since | ||
730 Third Avenue |
Vice President |
2020 |
2020); Managing Member of MDR Collaboratory LLC (since 2018); formerly,Managing Director, |
New York, NY 10017 |
(Head of Wealth Management Product Structuring & COO Multi Asset Investing. The Blackstone | ||
Group (2013-2017). | |||
• WILLIAM A. SIFFERMANN |
Managing Director (since 2017), formerly Senior Vice President (2016-2017) and Vice President | ||
1975 |
(2011-2016) of Nuveen. | ||
333 W. Wacker Drive |
Vice President |
2017 |
|
Chicago, IL 6o6o6 |
|||
• TREY S. STENERSEN |
Senior Managing Director of Teacher Advisors LLC and TIAACREF Investment Management, LLC | ||
1975 |
Vice President |
(since 2018); Senior Managing Director (since 2019) and Chief Risk Officer (since 2022), formerly | |
8500 Andrew |
| |
2022 |
Head of Investment Risk Management (2017-2022) of Nuveen; Senior Managing Director (since |
Carnegie Blvd. |
2018) of Nuveen Alternative Advisors LLC. | ||
Charlotte, NC 28262 |
|||
• E. SCOTT WICKERHAM |
Senior Managing Director, Head of Public Investment Finance at Nuveen (since 2019), formerly, | ||
1973 |
Vice President |
Managing Director; Senior Managing Director (since 2019) of Nuveen Fund Advisers, (LLC; | |
8500 Andrew |
and Controller |
2019 |
Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017) of the TIAA- |
Carnegie Blvd. |
CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and Principal Financial | ||
Charlotte, NC 28262 |
Officer, Principal Accounting Officer (since 2020) and Treasurer (since 2017) to the CREF Accounts; | ||
formerly, Senior Director, TIAA-CREF Fund Administration (2014-2015); has held various positions | |||
with TIAA since 2006. | |||
• MARK L. WINGET |
Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2008), and Nuveen Fund | ||
1968 |
Vice President |
Advisors, LLC (since 2019); Vice President, Associate General Counsel and Assistant Secretary of | |
333 W. Wacker Drive |
and Secretary |
2008 |
Nuveen Asset Management, LLC (since 2020); Vice President (since 2010) and Associate General |
Chicago, IL 60606 |
Counsel (since 2019), formerly, Assistant General Counsel (2008-2016) of Nuveen. |
Name, |
Position(s) Held |
Year First |
Principal |
Year of Birth |
with the Funds |
Elected or |
Occupation(s) |
& Address |
Appointed (2) |
During Past 5 Years | |
Officers of the Funds (continued): |
|||
• GIFFORD R. ZIMMERMAN |
Managing Director and Assistant Secretary of Nuveen Securities, LLC (since 2022); Managing | ||
1956 |
Vice President |
Director, Assistant Secretary and General Counsel (since 2022), formerly, Co-General Counsel | |
333 W. Wacker Drive |
and Chief |
1988 |
(2011- 2020) of Nuveen Fund Advisors, LLC; formerly, Managing Director (2004-2020) and |
Chicago, IL 60606 |
Compliance Officer |
Assistant Secretary (1994- 2020) of Nuveen Investments, Inc.; Managing Director, Assistant | |
Secretary and Associate General Counsel (since 2022) of Nuveen Asset Management, LLC; Vice | |||
President and Assistant Secretary (since 2022) of Winslow Capital Management, LLC: formerly, Vice | |||
President and Assistant Secretary of NWQ Investment Management Company, LLC (2002-2020), | |||
and Santa Barbara Asset Management, LLC (2006-2020); Chartered Financial Analyst | |||
• RACHAEL ZUFALL |
Managing Director (since 2017), Associate General Counsel and Assistant Secretary (since 2014) of | ||
1973 |
Vice President |
the CREF Accounts, TIAA Separate Account VA-1, TIAA-CREF Funds and TIAA-CREF Life Funds; | |
8500 Andrew |
and Assistant |
2022 |
Managing Director (since 2017), Associate General Counsel and Assistant Secretary (since 2011) of |
Carnegie Blvd |
Secretary |
Teacher Advisors, LLC and TIAA-CREF Investment Management, LLC; Managing Director of | |
Charlotte, NC 28262 |
Nuveen, LLC and of TIAA (since 2017). |
(1) | The Board of Trustees is divided into three classes, Class I, Class II, and Class III, with each being elected to serve until the third succeeding annual shareholders’ meeting subsequent to its election or thereafter in each case when its respective successors are duly elected or appointed, except two board members are elected by the holders of Preferred Shares, when applicable, to serve until the next annual shareholders’ meeting subsequent to its election or thereafter in each case when its respective successors are duly elected or appointed. The year first elected or appointed represents the year in which the board member was first elected or appointed to any fund in the Nuveen complex. |
(2) | Officers serve indefinite terms until their successor has been duly elected and qualified, their death or their resignation or removal. The year first elected or appointed represents the year in which the Officer was first elected or appointed to any fund in the Nuveen complex. |
ITEM 2. | CODE OF ETHICS. |
As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the Code during the period covered by this report. The registrant has posted the code of ethics on its website at www.nuveen.com/fund-governance. (To view the code, click on Code of Conduct.)
ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT. |
As of the end of the period covered by this report, the registrant’s Board of Directors or Trustees (“Board”) determined that the registrant has at least one “audit committee financial expert” (as defined in Item 3 of Form N-CSR) serving on its Audit Committee. The registrant’s audit committee financial experts are Carole E. Stone, Jack B. Evans, Albin F. Moschner, John K. Nelson and Robert L. Young, who are “independent” for purposes of Item 3 of Form N-CSR.
Ms. Stone served for five years as Director of the New York State Division of the Budget. As part of her role as Director, Ms. Stone was actively involved in overseeing the development of the State’s operating, local assistance and capital budgets, its financial plan and related documents; overseeing the development of the State’s bond-related disclosure documents and certifying that they fairly presented the State’s financial position; reviewing audits of various State and local agencies and programs; and coordinating the State’s system of internal audit and control. Prior to serving as Director, Ms. Stone worked as a budget analyst/examiner with increasing levels of responsibility over a 30 year period, including approximately five years as Deputy Budget Director. Ms. Stone has also served as Chair of the New York State Racing Association Oversight Board, as Chair of the Public Authorities Control Board, as a Commissioner on the New York State Commission on Public Authority Reform and as a member of the Boards of Directors of several New York State public authorities. These positions have involved overseeing operations and finances of certain entities and assessing the adequacy of project/entity financing and financial reporting. Ms. Stone formerly served on the Board of Directors of CBOE Global Markets, Inc. (formerly, CBOE Holdings, Inc.), the Chicago Board Options Exchange, and the C2 Options Exchange. Ms. Stone’s position on the boards of these entities and as a member of both CBOE Holdings’ Audit Committee and its Finance Committee involved, among other things, the oversight of audits, audit plans and preparation of financial statements.
Mr. Evans was formerly President and Chief Operating Officer of SCI Financial Group, Inc., a full service registered broker-dealer and registered investment adviser (“SCI”). As part of his role as President and Chief Operating Officer, Mr. Evans actively supervised the Chief Financial Officer (the “CFO”) and actively supervised the CFO’s preparation of financial statements and other filings with various regulatory authorities. In such capacity, Mr. Evans was actively involved in the preparation of SCI’s financial statements and the resolution of issues raised in connection therewith. Mr. Evans has also served on the audit committee of various reporting companies. At such companies, Mr. Evans was involved in the oversight of audits, audit plans, and the preparation of financial statements. Mr. Evans also formerly chaired the audit committee of the Federal Reserve Bank of Chicago.
Mr. Moschner is a consultant in the wireless industry and, in July 2012, founded Northcroft Partners, LLC, a management consulting firm that provides operational, management and governance solutions. Prior to founding Northcroft Partners, LLC, Mr. Moschner held various positions at Leap Wireless International, Inc., a provider of wireless services, where he was as a consultant from February 2011 to July 2012, Chief Operating Officer from July 2008 to February 2011, and Chief Marketing Officer from August 2004 to June 2008. Before he joined Leap Wireless International, Inc., Mr. Moschner was President of the Verizon Card Services division of Verizon Communications, Inc. from 2000 to 2003, and President of One Point Services at One Point Communications from 1999 to 2000. Mr. Moschner also served at Zenith Electronics Corporation as Director, President and Chief Executive Officer from 1995 to 1996, and as Director, President and Chief Operating Officer from 1994 to 1995.
Mr. Nelson is on the Board of Directors of Core12, LLC. (since 2008), a private firm which develops branding, marketing, and communications strategies for clients. Mr. Nelson has extensive experience in global banking and markets, having served in several senior executive positions with ABN AMRO Holdings N.V. and its affiliated entities and predecessors, including LaSalle Bank Corporation from 1996 to 2008, ultimately serving as Chief Executive Officer of ABN AMRO N.V. North America. During his tenure at the bank, he also served as Global Head of its Financial Markets Division, which encompassed the bank’s Currency, Commodity, Fixed Income, Emerging Markets, and Derivatives businesses. He was a member of the Foreign Exchange Committee of the Federal Reserve Bank of the United States and during his tenure with ABN AMRO served as the bank’s representative on various committees of The Bank of Canada, European Central Bank, and The Bank of England. Mr. Nelson previously served as a senior, external advisor to the financial services practice of Deloitte Consulting LLP. (2012-2014).
Mr. Young has more than 30 years of experience in the investment management industry. From 1997 to 2017, he held various positions with J.P. Morgan Investment Management Inc. (“J.P. Morgan Investment”) and its affiliates (collectively, “J.P. Morgan”). Most recently, he served as Chief Operating Officer and Director of J.P. Morgan Investment (from 2010 to 2016) and as President and Principal Executive Officer of the J.P. Morgan Funds (from 2013 to 2016). As Chief Operating Officer of J.P. Morgan Investment, Mr. Young led service, administration and business platform support activities for J.P. Morgan’s domestic retail mutual fund and institutional commingled and separate account businesses, and co-led these activities for J.P. Morgan’s global retail and institutional investment management businesses. As President of the J.P. Morgan Funds, Mr. Young interacted with various service providers to these funds, facilitated the relationship between such funds and their boards, and was directly involved in establishing board agendas, addressing regulatory matters, and establishing policies and procedures. Before joining J.P. Morgan, Mr. Young, a former Certified Public Accountant (CPA), was a Senior Manager (Audit) with Deloitte & Touche LLP (formerly, Touche Ross LLP), where he was employed from 1985 to 1996. During his tenure there, he actively participated in creating, and ultimately led, the firm’s midwestern mutual fund practice.
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
Nuveen AMT-Free Quality Municipal Income Fund
The following tables show the amount of fees that KPMG LLP, the Fund’s auditor, billed to the Fund during the Fund’s last two full fiscal years. For engagements with KPMG LLP the Audit Committee approved in advance all audit services and non-audit services that KPMG LLP provided to the Fund, except for those non-audit services that were subject to the pre-approval exception under Rule 2-01 of Regulation S-X (the “pre-approval exception”). The pre-approval exception for services provided directly to the Fund waives the pre-approval requirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Fund to its accountant during the fiscal year in which the services are provided; (B) the Fund did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the audit is completed.
The Audit Committee has delegated certain pre-approval responsibilities to its Chair (or, in her absence, any other member of the Audit Committee).
SERVICES THAT THE FUND’S AUDITOR BILLED TO THE FUND
Fiscal Year Ended |
Audit Fees Billed to Fund 1 |
Audit-Related Fees Billed to Fund 2 |
Tax Fees Billed to Fund 3 |
All Other Fees Billed to Fund 4 |
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October 31, 2022 |
$ | 37,620 | $ | 2,500 | $ | 0 | $ | 0 | ||||||||
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Percentage approved pursuant to pre-approval exception |
0 | % | 0 | % | 0 | % | 0 | % | ||||||||
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October 31, 2021 |
$ | 34,125 | 5 | $ | 42,000 | $ | 0 | $ | 0 | |||||||
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Percentage approved pursuant to pre-approval exception |
0 | % | 0 | % | 0 | % | 0 | % | ||||||||
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1 “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements.
2 “Audit Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage.
3 “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculation performed by the principal accountant.
4 “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage.
5 2021 Audit Fee is restated because merger fee for $5000 was included.
SERVICES THAT THE FUND’S AUDITOR BILLED TO THE
ADVISER AND AFFILIATED FUND SERVICE PROVIDERS
The following tables show the amount of fees billed by KPMG LLP to Nuveen Fund Advisors, LLC (formerly Nuveen Fund Advisors, Inc.) (the “Adviser”), and any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Fund (“Affiliated Fund Service Provider”), for engagements directly related to the Fund’s operations and financial reporting, during the Fund’s last two full fiscal years.
The tables also show the percentage of fees subject to the pre-approval exception. The pre-approval exception for services provided to the Adviser and any Affiliated Fund Service Provider (other than audit, review or attest services) waives the pre-approval requirement if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid to KPMG LLP by the Fund, the Adviser and Affiliated Fund Service Providers during the fiscal year in which the services are provided that would have to be pre-approved by the Audit Committee; (B) the Fund did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the Fund’s audit is completed.
Fiscal Year Ended |
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers |
Tax Fees Billed to Adviser and Affiliated Fund Service Providers |
All Other Fees Billed to Adviser and Affiliated Fund Service Providers |
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October 31, 2022 |
$ | 0 | $ | 0 | $ | 0 | ||||||
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Percentage approved pursuant to pre-approval exception |
0 | % | 0 | % | 0 | % | ||||||
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October 31, 2021 |
$ | 0 | $ | 0 | $ | 0 | ||||||
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Percentage approved pursuant to pre-approval exception |
0 | % | 0 | % | 0 | % | ||||||
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NON-AUDIT SERVICES
The following table shows the amount of fees that KPMG LLP billed during the Fund’s last two full fiscal years for non-audit services. The Audit Committee is required to pre-approve non-audit services that KPMG LLP provides to the Adviser and any Affiliated Fund Services Provider, if the engagement related directly to the Fund’s operations and financial reporting (except for those subject to the pre-approval exception described above). The Audit Committee requested and received information from KPMG LLP about any non-audit services that KPMG LLP rendered during the Fund’s last fiscal year to the Adviser and any Affiliated Fund Service Provider. The Committee considered this information in evaluating KPMG LLP’s independence.
Fiscal Year Ended |
Total Non-Audit Fees Billed to Fund |
Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Fund) |
Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) |
Total | ||||||||||||
October 31, 2022 |
$ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||
October 31, 2021 |
$ | 0 | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Less than 50 percent of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.
Audit Committee Pre-Approval Policies and Procedures. Generally, the Audit Committee must approve (i) all non-audit services to be performed for the Fund by the Fund’s independent accountants and (ii) all audit and non-audit services to be performed by the Fund’s independent accountants for the Affiliated Fund Service Providers with respect to operations and financial reporting of the Fund. Regarding tax and research projects conducted by the independent accountants for the Fund and Affiliated Fund Service Providers (with respect to operations and financial reports of the Fund) such engagements will be (i) pre-approved by the Audit Committee if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee chair for her verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.
ITEM 5. | AUDIT COMMITTEE OF LISTED REGISTRANTS. |
The registrant’s Board has a separately designated Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended (15 U.S.C. 78c(a) (58)(A)). As of the end of the period covered by this report the members of the audit committee are Jack B. Evans, William C. Hunter, John K. Nelson, Albin F. Moschner, Judith M. Stockdale and Carole E. Stone, Chair.
ITEM 6. | SCHEDULE OF INVESTMENTS. |
a) | See Portfolio of Investments in Item 1. |
b) | Not applicable. |
ITEM 7. | DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Nuveen Fund Advisors, LLC is the registrant’s investment adviser (referred to herein as the “Adviser”). The Adviser is responsible for the on-going monitoring of the Fund’s investment portfolio, managing the Fund’s business affairs and providing certain clerical, bookkeeping and administrative services. The Adviser has engaged Nuveen Asset Management, LLC (“Sub-Adviser”) as Sub-Adviser to provide discretionary investment advisory services. As part of these services, the Adviser has delegated to the Sub-Adviser the full responsibility for proxy voting on securities held in the registrant’s portfolio and related duties in accordance with the Sub-Adviser’s policies and procedures. The Adviser periodically monitors the Sub-Adviser’s voting to ensure that it is carrying out its duties. The Sub-Adviser’s proxy voting policies and procedures are attached to this filing as an exhibit and incorporated herein by reference.
ITEM 8. | PORTFOLIO MANAGER OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Nuveen Fund Advisors, LLC is the registrant’s investment adviser (also referred to as the “Adviser”). The Adviser is responsible for the selection and on-going monitoring of the Fund’s investment portfolio, managing the Fund’s business affairs and providing certain clerical, bookkeeping and administrative services. The Adviser has engaged Nuveen Asset Management, LLC (“Nuveen Asset Management” or “Sub-Adviser”) as Sub-Adviser to provide discretionary investment advisory services. The following section provides information on the portfolio managers at the Sub-Adviser:
ITEM 8(a)(1). | PORTFOLIO MANAGER BIOGRAPHY |
As of the date of filing this report, the following individual at the Sub-Adviser (the “Portfolio Manager”) has primary responsibility for the day-to-day implementation of the registrant’s investment strategies:
Christopher L. Drahn, CFA, Managing Director at Nuveen Asset Management, manages tax-exempt fixed income portfolios as well as mutual funds and closed-end funds. He began working in the investment industry when he joined the firm in 1980. Chris became a portfolio manager in 1988. He received a B.A. from Wartburg College and an M.B.A. in finance from the University of Minnesota. Chris holds the Chartered Financial Analyst designation and is a member of the CFA Institute, the Minnesota Society of Municipal Analysts and the CFA Society of Minnesota.
ITEM 8(a)(2). | OTHER ACCOUNTS MANAGED BY PORTFOLIO MANAGER |
Other Accounts Managed. In addition to managing the registrant, the Portfolio Manager is also primarily responsible for the day-to-day portfolio management of the following accounts:
Portfolio Manager |
Type of Account Managed |
Number of Accounts |
Assets* | |||||
Christopher L. Drahn |
Registered Investment Company | 12 | $15.65 billion | |||||
Other Pooled Investment Vehicles | 0 | $0 | ||||||
Other Accounts | 7 | $805 million |
* | Assets are as of October 31, 2022. None of the assets in these accounts are subject to an advisory fee based on performance. |
POTENTIAL MATERIAL CONFLICTS OF INTEREST
Actual or apparent conflicts of interest may arise when a portfolio manager has day-to-day management responsibilities with respect to more than one account. More specifically, portfolio managers who manage multiple accounts are presented a number of potential conflicts, including, among others, those discussed below.
The management of multiple accounts may result in a portfolio manager devoting unequal time and attention to the management of each account. Nuveen Asset Management seeks to manage such competing interests for the time and attention of portfolio managers by having portfolio managers focus on a particular investment discipline. Most accounts managed by a portfolio manager in a particular investment strategy are managed using the same investment models.
If a portfolio manager identifies a limited investment opportunity which may be suitable for more than one account, an account may not be able to take full advantage of that opportunity due to an allocation of filled purchase or sale orders across all eligible accounts. To deal with these situations, Nuveen Asset Management has adopted procedures for allocating limited opportunities across multiple accounts.
With respect to many of its clients’ accounts, Nuveen Asset Management determines which broker to use to execute transaction orders, consistent with its duty to seek best execution of the transaction. However, with respect to certain other accounts, Nuveen Asset Management may be limited by the client with respect to the selection of brokers or may be instructed to direct trades through a particular broker. In these cases, Nuveen Asset Management may place separate, non-simultaneous, transactions for a Fund and other accounts which may temporarily affect the market price of the security or the execution of the transaction, or both, to the detriment of the Fund or the other accounts.
Some clients are subject to different regulations. As a consequence of this difference in regulatory requirements, some clients may not be permitted to engage in all the investment techniques or transactions or to engage in these transactions to the same extent as the other accounts managed by the portfolio manager. Finally, the appearance of a conflict of interest may arise where Nuveen Asset Management has an incentive, such as a performance-based management fee, which relates to the management of some accounts, with respect to which a portfolio manager has day-to-day management responsibilities.
Conflicts of interest may also arise when the Sub-Adviser invests one or more of its client accounts in different or multiple parts of the same issuer’s capital structure, including investments in public versus private securities, debt versus equity, or senior versus junior/subordinated debt, or otherwise where there are different or inconsistent rights or benefits. Decisions or actions such as investing, trading, proxy voting, exercising, waiving or amending rights or covenants, workout activity, or serving on a board, committee or other involvement in governance may result in conflicts of interest between clients holding different securities or investments. Generally, individual portfolio managers will seek to act in a manner that they believe serves the best interest of the accounts they manage. In cases where a portfolio manager or team faces a conflict among its client accounts, it will seek to act in a manner that it believes best reflects its overall fiduciary duty, which may result in relative advantages or disadvantages for particular accounts.
Nuveen Asset Management has adopted certain compliance procedures which are designed to address these types of conflicts common among investment managers. However, there is no guarantee that such procedures will detect each and every situation in which a conflict arises.
Nuveen Asset Management or its affiliates, including TIAA, sponsor an array of financial products for retirement and other investment goals, and provide services worldwide to a diverse customer base. Accordingly, from time to time, a Fund may be restricted from purchasing or selling securities, or from engaging in other investment activities because of regulatory, legal or contractual restrictions that arise due to another client account’s investments and/or the internal policies of Nuveen Asset Management, TIAA or its affiliates designed to comply with such restrictions. As a result, there may be periods, for example, when Nuveen Asset Management will not initiate or recommend certain types of transactions in certain securities or instruments with respect to which investment limits have been reached.
The investment activities of Nuveen Asset Management or its affiliates may also limit the investment strategies and rights of the Funds. For example, in certain circumstances where the Funds invest in securities issued by companies that operate in certain regulated industries, in certain emerging or international markets, or are subject to corporate or regulatory ownership definitions, or invest in certain futures and derivative transactions, there may be limits on the aggregate amount invested by Nuveen Asset Management or its affiliates for the Funds and other client accounts that may not be exceeded without the grant of a license or other regulatory or corporate consent. If certain aggregate ownership thresholds are reached or certain transactions undertaken, the ability of Nuveen Asset Management, on behalf of the Funds or other client accounts, to purchase or dispose of investments or exercise rights or undertake business transactions may be restricted by regulation or otherwise impaired. As a result, Nuveen Asset Management, on behalf of the Funds or other client accounts, may limit purchases, sell existing investments, or otherwise restrict or limit the exercise of rights (including voting rights) when Nuveen Asset Management, in its sole discretion, deems it appropriate in light of potential regulatory or other restrictions on ownership or other consequences resulting from reaching investment thresholds.
ITEM 8(a)(3). | FUND MANAGER COMPENSATION |
As of the most recently completed fiscal year end, the primary Portfolio Manager’s compensation is as follows:
Portfolio managers are compensated through a combination of base salary and variable components consisting of (i) a cash bonus; (ii) a long-term performance award; and (iii) participation in a profits interest plan.
Base salary. A portfolio manager’s base salary is determined based upon an analysis of the portfolio manager’s general performance, experience and market levels of base pay for such position.
Cash bonus. A portfolio manager is eligible to receive an annual cash bonus that is based on three variables: risk-adjusted investment performance relative to benchmark generally measured over the most recent one, three and five year periods (unless the portfolio manager’s tenure is shorter), ranking versus Morningstar peer funds generally measured over the most recent one, three and five year periods (unless the portfolio manager’s tenure is shorter), and management and peer reviews.
Long-term performance award. A portfolio manager is eligible to receive a long-term performance award that vests after three years. The amount of the award when granted is based on the same factors used in determining the cash bonus. The value of the award at the completion of the three-year vesting period is adjusted based on the risk-adjusted investment performance of Fund(s) managed by the portfolio manager during the vesting period and the performance of the TIAA organization as a whole.
Profits interest plan. Portfolio managers are eligible to receive profits interests in Nuveen Asset Management and its affiliate, Teachers Advisors, LLC, which vest over time and entitle their holders to a percentage of the firms’ annual profits. Profits interests are allocated to each portfolio manager based on such person’s overall contribution to the firms.
There are generally no differences between the methods used to determine compensation with respect to the Fund and the Other Accounts shown in the table above.
ITEM 8(a)(4). | BENEFICIAL OWNERSHIP OF NEA SECURITIES |
As of October 31, 2022, the portfolio manager beneficially owned the following dollar range of equity securities issued by the Fund and other Nuveen Funds managed by Nuveen Asset Management’s municipal investment team.
Name of Portfolio Manager |
Fund | Dollar range of equity securities beneficially owned in Fund |
Dollar range of equity securities beneficially owned in the remainder of Nuveen funds managed by Nuveen Asset Management’s municipal investment team | |||
Christopher L. Drahn |
Nuveen AMT-Free Quality Municipal Income Fund | $0 | Over $1,000,000 |
ITEM 9. | PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS. |
Not applicable.
ITEM 10. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board implemented after the registrant last provided disclosure in response to this Item.
ITEM 11. | CONTROLS AND PROCEDURES. |
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and 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)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
ITEM 12. | DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable.
ITEM 13. | EXHIBITS. |
File the exhibits listed below as part of this Form.
(a)(1) 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 because the code is posted on registrant’s website at www.nuveen.com/fund-governance and there were no amendments during the period covered by this report. (To view the code, click on Code of Conduct.)
(a)(3) 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.
(a)(4) Change in the registrant’s independent public accountant. Not applicable.
(c)(4) Consent of Independent Registered Public Accounting Firm. EX99.IND PUB ACCT attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nuveen AMT-Free Quality Municipal Income Fund
By (Signature and Title) | /s/ Mark L. Winget | |
Mark L. Winget | ||
Vice President and Secretary |
Date: January 9, 2023
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ David J. Lamb | |
David J. Lamb | ||
Chief Administrative Officer | ||
(principal executive officer) |
Date: January 9, 2023
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham | ||
Vice President and Controller | ||
(principal financial officer) |
Date: January 9, 2023