NPORT-EX 2 NIQ.htm
NIQ
Nuveen Intermediate Duration Quality Municipal Term Fund
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 127.1% (100.0% of Total Investments)        
    MUNICIPAL BONDS – 125.7% (98.9% of Total Investments)        
    Alabama – 2.3% (1.8% of Total Investments)        
$2,000   Alabama Federal Aid Highway Finance Authority, Federal Highway Grant Anticipation Revenue Bonds, Tender Option Bond Trust 2016-XL0024, 22.213%, 9/01/26 (Pre-refunded 9/01/22), 144A (IF) (4)   9/22 at 100.00 AA (5) $2,726,640
1,000   Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/34   No Opt. Call A2 1,338,640
290   Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 4.500%, 5/01/32, 144A   5/29 at 100.00 N/R 322,837
3,290   Total Alabama       4,388,117
    Arizona – 1.1% (0.9% of Total Investments)        
    Arizona Health Facilities Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2013D:        
965   5.000%, 2/01/24   2/23 at 100.00 A1 1,049,823
1,065   5.000%, 2/01/26   2/23 at 100.00 A1 1,153,672
2,030   Total Arizona       2,203,495
    California – 10.7% (8.4% of Total Investments)        
3,000   Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Senior Lien Series 2013A, 5.000%, 10/01/27  –  AGM Insured   10/23 at 100.00 AA 3,330,330
55   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020A, 4.000%, 6/01/49   6/30 at 100.00 BBB+ 62,747
500   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A, 5.000%, 11/15/36   11/27 at 100.00 A+ 613,760
415   California Municipal Finance Authority, Revenue Bonds, Biola University, Series 2013, 5.000%, 10/01/21   No Opt. Call Baa1 425,616
2,170   California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A, 5.000%, 12/31/43 (AMT)   6/28 at 100.00 BBB- 2,561,555
370   California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authoriity Desalination Project Pipeline, Refunding Series 2019, 5.000%, 11/21/45, 144A   1/29 at 100.00 BBB 434,539
1,930   California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.250%, 12/01/34   12/24 at 100.00 BB 2,152,818
3,335   Eastern Municipal Water District Financing Authority, California, Water and Wastewater Revenue Bonds, Series 2017D, 5.250%, 7/01/42   7/27 at 100.00 AA+ 4,118,925
500   Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Rancho Vallecitos Mobile Home Park, Series 2013, 4.500%, 4/15/23   No Opt. Call A- 520,535
1

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments February 28, 2021
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    California (continued)        
    Jurupa Community Services District, California, Special Tax Bonds, Community Facilities District 31 Eastvale Area, Series 2013:        
$150   4.000%, 9/01/25   9/22 at 100.00 N/R $157,186
305   4.000%, 9/01/26   9/22 at 100.00 N/R 319,143
250   4.000%, 9/01/27   9/22 at 100.00 N/R 261,095
1,770   Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A, 5.000%, 9/01/22   No Opt. Call N/R 1,886,254
185   Riverside County Redevelopment Agency, California, Tax Allocation Housing Bonds, Series 2011A, 0.000%, 10/01/26 (ETM) (6)   No Opt. Call A (5) 217,749
1,500   San Diego Association of Governments, California, South Bay Expressway Toll Revenue Bonds, First Senior Lien Series 2017A, 5.000%, 7/01/36   7/27 at 100.00 A 1,799,940
1,400   San Joaquin County Transportation Authority, California, Sales Tax Revenue, Limited Tax Measure K Series 2017, 5.000%, 3/01/32   3/27 at 100.00 AA 1,706,082
17,835   Total California       20,568,274
    Colorado – 16.8% (13.2% of Total Investments)        
250   Colorado Educational and Cultural Facilities Authority, Charter School Refunding Revenue Bonds, Pinnacle Charter School, Inc K-8 Facility Project, Series 2013, 5.000%, 6/01/21   No Opt. Call A+ 252,415
3,045   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 5.000%, 8/01/30   8/29 at 100.00 BBB+ 3,862,552
5,000   Colorado Springs, Colorado, Utilities System Revenue Bonds, Refunding Series 2017A-2, 5.000%, 11/15/47   11/27 at 100.00 AA+ 6,011,950
    Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Tender Option Bond Trust 2016-XF2354, Formerly Tender Option Bond Trust 3316:        
100   22.413%, 3/01/25, 144A (IF) (4)   No Opt. Call AA 185,148
300   22.413%, 3/01/26, 144A (IF) (4)   No Opt. Call AA 610,023
430   22.362%, 3/01/27, 144A (IF) (4)   No Opt. Call AA 942,775
725   22.413%, 3/01/28, 144A (IF) (4)   No Opt. Call AA 1,687,140
200   22.413%, 3/01/29, 144A (IF) (4)   No Opt. Call AA 487,782
1,870   Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016, 5.000%, 12/01/30   12/26 at 100.00 Baa2 2,167,386
350   E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%, 9/01/21  –  NPFG Insured   No Opt. Call A 349,185
1,000   Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs Utilities, Series 2008, 6.500%, 11/15/38   No Opt. Call A+ 1,499,020
4,000   Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project, Refunding Green Series 2021B, 4.000%, 11/01/40 (WI/DD, Settling 3/11/2021)   5/31 at 100.00 AA+ 4,759,720
4,000   University of Colorado, Enterprise System Revenue Bonds, Refunding Series 2019B, 5.000%, 6/01/44   6/29 at 100.00 Aa1 4,954,320
4,000   University of Northern Colorado at Greeley, Institutional Enterprise System Revenue Bonds, Refunding Series 2016A, 5.000%, 6/01/46   6/26 at 100.00 Aa2 4,556,920
25,270   Total Colorado       32,326,336
2

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    District of Columbia – 1.2% (0.9% of Total Investments)        
$1,900   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 5.000%, 10/01/47   10/29 at 100.00 A- $2,275,744
    Florida – 7.5% (5.9% of Total Investments)        
150   Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing Project, Series 2013A, 5.000%, 11/15/23   No Opt. Call BBB 162,894
365   Belmont Community Development District, Florida, Capital Improvement Revenue Bonds, Phase 1 Project, Series 2013A, 5.500%, 11/01/23   No Opt. Call N/R 384,838
825   Broward County, Florida, Half-Cent Sales Tax Revenue Bonds, Refunding Series 2020, 4.000%, 10/01/40   10/30 at 100.00 AA+ 985,248
1,270   Brwoard County, Florida, Fuel System Revenue Bonds, Fort Lauderdale Fuel Facilities LLC Project, Series 2013A, 5.000%, 4/01/23  –  AGM Insured (AMT)   No Opt. Call AA 1,387,767
1,740   Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2017, 5.000%, 10/01/33   10/27 at 100.00 A+ 2,156,712
340   Capital Trust Agency, Florida, Fixed Rate Air Cargo Revenue Refunding Bonds, Aero Miami FX, LLC Project, Series 2010A, 5.350%, 7/01/29   3/21 at 100.00 Baa3 341,159
1,010   Collier County Educational Facilities Authority, Florida, Revenue Bonds, Ave Maria University, Refunding Series 2013A, 4.500%, 6/01/23   No Opt. Call BBB- 1,041,472
1,000   Florida Mid-Bay Bridge Authority, Revenue Bonds, 1st Senior Lien Series 2015A, 5.000%, 10/01/23   No Opt. Call BBB+ 1,108,720
2,960   Florida Municipal Power Agency, Revenue Bonds, Saint Lucie Project, Refunding Series 2012A, 5.000%, 10/01/26   10/22 at 100.00 A2 3,162,316
500   Gainesville, Florida, Utilities System Revenue Bonds, Series 2017A, 5.000%, 10/01/37   10/27 at 100.00 AA- 612,910
1,400   Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Jupiter Medical Center, Series 2013A, 5.000%, 11/01/22   No Opt. Call BBB+ 1,500,632
510   Putnam County Development Authority, Florida, Pollution Control Revenue Bonds, Seminole Electric Cooperatice, Inc Project, Refunding Series 2018B, 5.000%, 3/15/42   5/28 at 100.00 A- 610,031
305   Southeast Overtown/Park West Community Redevelopement Agency, Florida, Tax Increment Revenue Bonds, Series 2014A-1, 5.000%, 3/01/24, 144A   No Opt. Call BBB+ 342,619
560   Verandah West Community Development District, Florida, Capital Improvement Revenue Bonds, Refunding Series 2013, 4.000%, 5/01/23   No Opt. Call N/R 569,918
12,935   Total Florida       14,367,236
    Georgia – 2.1% (1.7% of Total Investments)        
1,025   Atlanta, Georgia, Tax Allocation Bonds, Perry Bolton Project Series 2014, 4.000%, 7/01/22   No Opt. Call A- 1,072,232
1,000   Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc, Series 2017B, 5.500%, 2/15/42   2/27 at 100.00 AA 1,199,870
1,465   Municipal Electric Authority of Georgia, General Resolution Projects Subordinated Bonds, Series 20188HH, 5.000%, 1/01/44   1/28 at 100.00 A1 1,741,299
3,490   Total Georgia       4,013,401
    Hawaii – 1.9% (1.5% of Total Investments)        
3,000   Honolulu City and County, Hawaii, Wastewater System Revenue Bonds, First Bond Resolution, Senior Series 2018A, 5.000%, 7/01/37   1/28 at 100.00 Aa2 3,677,850
3

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments February 28, 2021
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois – 11.2% (8.8% of Total Investments)        
$670   Cook County, Illinois, General Obligation Bonds, Refunding Series 2021A, 5.000%, 11/15/33   11/30 at 100.00 A+ $869,017
2,500   Cook County, Illinois, General Obligation Bonds, Tender Option Bond Trust 2015-XF1007, 17.589%, 11/15/25, 144A (IF) (4)   11/22 at 100.00 A+ 3,236,075
4,000   Illinois Municipal Electric Agency, Power Supply System Revenue Bonds, Refunding Series 2015A, 5.000%, 2/01/27   8/25 at 100.00 A1 4,729,720
2,500   Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/27   No Opt. Call BBB- 2,912,825
5,000   Illinois State, General Obligation Bonds, Series 2013, 5.000%, 7/01/23   No Opt. Call BBB- 5,429,550
290   Madison, Macoupin, Jersey, Calhoun, Morgan, Scott, and Greene Counties Community College District 536, Illinois, General Obligation Bonds, Lewis & Clark Community College, Refunding Series 2017A, 5.000%, 11/01/33  –  AGM Insured   11/26 at 100.00 AA 350,407
665   Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2020A, 4.000%, 6/15/50   12/29 at 100.00 BBB 733,841
1,000   Southwestern Illinois Development Authority, Local Government Revenue Bonds, Edwardsville Community Unit School District 7 Project, Series 2007, 0.000%, 12/01/22  –  AGM Insured   No Opt. Call AA 985,890
2,000   Springfield, Illinois, Electric Revenue Bonds, Refunding Senior Lien Series 2015, 5.000%, 3/01/33   3/25 at 100.00 A 2,316,560
18,625   Total Illinois       21,563,885
    Indiana – 1.4% (1.1% of Total Investments)        
990   Indiana Finance Authority, Educational Facilities Revenue Bonds, 21st Century Charter School Project, Series 2013A, 6.000%, 3/01/33   3/23 at 100.00 B+ 1,014,077
1,500   Indiana Finance Authority, Lease Appropriation Bonds, Stadium Project, Refunding Series 2015A, 5.000%, 2/01/25   No Opt. Call AA+ 1,755,915
2,490   Total Indiana       2,769,992
    Iowa – 1.1% (0.8% of Total Investments)        
2,000   Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34   3/21 at 100.00 B- 2,028,260
    Kentucky – 3.4% (2.7% of Total Investments)        
1,000   Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington Center Corporation Project, Series 2018A, 5.000%, 9/01/43   9/28 at 100.00 A2 1,178,320
    Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A:        
925   4.250%, 7/01/35   7/25 at 100.00 BBB+ 1,001,960
1,400   5.000%, 1/01/45   7/25 at 100.00 BBB+ 1,542,576
3,000   Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Capital Appreciation Series 2013B, 0.000%, 7/01/23   No Opt. Call Baa3 2,874,300
6,325   Total Kentucky       6,597,156
    Louisiana – 0.9% (0.7% of Total Investments)        
530   New Orleans Aviation Board, Louisiana, Special Facility Revenue Bonds, Parking Facilities Corporation Consolidated Garage System, Series 2018A, 5.000%, 10/01/43  –  AGM Insured   10/28 at 100.00 AA 628,177
4

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Louisiana (continued)        
$1,000   New Orleans, Louisiana, Water Revenue Bonds, Refunding Series 2014, 5.000%, 12/01/22   No Opt. Call A- $1,077,260
1,530   Total Louisiana       1,705,437
    Maine – 2.8% (2.2% of Total Investments)        
1,000   Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/33   7/23 at 100.00 BBB 1,051,590
    Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth Issue, Series 2018A:        
435   5.000%, 7/01/43   7/28 at 100.00 A+ 520,847
565   5.000%, 7/01/48   7/28 at 100.00 A+ 672,023
    Maine Turnpike Authority, Special Obligation Bonds, Series 2014:        
620   5.000%, 7/01/25   7/24 at 100.00 A+ 707,860
340   5.000%, 7/01/27   7/24 at 100.00 A+ 385,890
1,850   5.000%, 7/01/29   7/24 at 100.00 A+ 2,095,791
4,810   Total Maine       5,434,001
    Maryland – 0.5% (0.4% of Total Investments)        
615   Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017, 5.000%, 9/01/34   9/27 at 100.00 B 631,297
310   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick Memorial Hospital Issue, Series 2012A, 5.000%, 7/01/22   No Opt. Call A- 326,982
925   Total Maryland       958,279
    Massachusetts – 0.6% (0.4% of Total Investments)        
    Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2012C:        
80   5.000%, 7/01/29 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R (5) 85,122
420   5.000%, 7/01/29   7/22 at 100.00 BBB 440,391
500   5.000%, 7/01/29 (Pre-refunded 7/01/22)   7/22 at 100.00 Baa2 (5) 532,010
1,000   Total Massachusetts       1,057,523
    Michigan – 7.9% (6.2% of Total Investments)        
1,000   Detroit City School District, Wayne County, Michigan, General Obligation Bonds, Tender Option Bond Trust 3308, 22.970%, 5/01/30  –  AGM Insured, 144A (IF) (4)   No Opt. Call Aa1 2,694,480
5   Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 5.000%, 7/01/36  –  FGIC Insured   3/21 at 100.00 A+ 5,017
5   Detroit, Michigan, Water Supply System Revenue Bonds, Second Lien Series 2003B, 5.000%, 7/01/34  –  NPFG Insured   3/21 at 100.00 A+ 5,018
540   Flint Hospital Building Authority, Michigan, Building Authority Revenue Bonds, Hurley Medical Center, Series 2013A, 5.000%, 7/01/23   No Opt. Call BBB- 565,029
2,325   Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of Wayne, Second Lien Refunding Series 2020, 4.000%, 11/01/36   11/30 at 100.00 AA 2,746,057
2,020   Michigan Finance Authority, Hospital Revenue Bonds, Crittenton Hospital Medical Center, Refunding Series 2012A, 4.125%, 6/01/32 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R (5) 2,119,222
5

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments February 28, 2021
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Michigan (continued)        
$3,000   Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & Sewerage Department Water Supply System Local Project, Refunding Senior Loan Series 2014D-1, 5.000%, 7/01/23  –  AGM Insured   No Opt. Call AA $3,319,710
1,500   Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco Receipts, Series 2020B-1-CL2, 5.000%, 6/01/49   12/30 at 100.00 BBB- 1,793,610
1,500   Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2019-I, 5.000%, 4/15/36   10/29 at 100.00 Aa2 1,920,390
11,895   Total Michigan       15,168,533
    Minnesota – 1.3% (1.0% of Total Investments)        
2,000   Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Series 2018A, 4.250%, 2/15/43   2/28 at 100.00 A- 2,232,780
    Saint Paul Housing and Redevelopment Authority, Minnesota, Lease Revenue Bonds, Saint Paul Conservatory for Performing Artists Charter School Project, Series 2013A:        
205   3.550%, 3/01/21   No Opt. Call BB 205,000
100   3.700%, 3/01/22   No Opt. Call BB 101,481
2,305   Total Minnesota       2,539,261
    Mississippi – 1.2% (1.0% of Total Investments)        
    Mississippi Development Bank Special Obligation Bonds, Marshall County Industrial Development Authority, Mississippi Highway Construction Project, Tender Option Bond Trust 3315:        
800   22.788%, 1/01/24 (Pre-refunded 1/01/22), 144A (IF) (4)   1/22 at 100.00 AA- (5) 961,992
1,000   22.788%, 1/01/25 (Pre-refunded 1/01/22), 144A (IF) (4)   1/22 at 100.00 AA- (5) 1,202,490
200   22.788%, 1/01/26 (Pre-refunded 1/01/22), 144A (IF) (4)   1/22 at 100.00 AA- (5) 240,498
2,000   Total Mississippi       2,404,980
    Missouri – 1.7% (1.3% of Total Investments)        
3,000   Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A, 5.000%, 1/01/23   No Opt. Call A 3,250,260
    Montana – 1.4% (1.1% of Total Investments)        
    Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell Regional Medical Center, Series 2018B:        
985   5.000%, 7/01/28   No Opt. Call BBB 1,203,985
1,270   5.000%, 7/01/29   7/28 at 100.00 BBB 1,529,880
2,255   Total Montana       2,733,865
    Nebraska – 2.5% (2.0% of Total Investments)        
3,000   Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012, 5.000%, 9/01/32   9/22 at 100.00 A2 3,192,720
1,270   Lincoln, Nebraska, Electric System Revenue Bonds, Series 2020A, 5.000%, 9/01/31   3/30 at 100.00 AA 1,684,972
4,270   Total Nebraska       4,877,692
    Nevada – 2.5% (1.9% of Total Investments)        
515   Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series 2017A, 5.000%, 9/01/47   9/27 at 100.00 A- 581,492
6

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Nevada (continued)        
$1,000   Las Vegas Convention and Visitors Authority, Nevada, Revenue Bonds, Series 2018C, 5.250%, 7/01/43   7/28 at 100.00 Aa3 $1,188,070
    Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Refunding Series 2016:        
1,295   5.000%, 6/15/26   No Opt. Call BBB+ 1,530,936
1,210   5.000%, 6/15/27   6/26 at 100.00 BBB+ 1,422,585
4,020   Total Nevada       4,723,083
    New Jersey – 4.0% (3.1% of Total Investments)        
    New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds, Series 2012:        
2,000   5.000%, 6/15/24   6/22 at 100.00 BBB 2,098,700
1,000   5.000%, 6/15/28   6/22 at 100.00 BBB 1,040,740
    New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge Replacement Project, Series 2013:        
500   5.000%, 1/01/22 (AMT)   No Opt. Call A2 518,450
500   5.000%, 7/01/22 (AMT)   No Opt. Call A2 529,440
620   5.000%, 1/01/23 (AMT)   No Opt. Call A2 669,420
1,000   New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Tender Option Bond Trust 2016-XF2340, 3.318%, 9/01/25, 144A (IF) (4)   3/25 at 100.00 Baa1 959,350
1,000   New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc, Series 1999, 5.250%, 9/15/29 (AMT)   8/22 at 101.00 Ba3 1,062,850
275   New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Series 2007, 5.250%, 7/01/21   3/21 at 100.00 BB+ 275,828
450   Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B, 5.000%, 6/01/46   6/28 at 100.00 BB+ 519,939
7,345   Total New Jersey       7,674,717
    New York – 7.0% (5.5% of Total Investments)        
495   Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds, Catholic Health System, Inc Project, Series 2015, 5.000%, 7/01/29   7/25 at 100.00 BBB 568,126
435   Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series 2007, 5.500%, 10/01/37   No Opt. Call A2 636,857
3,545   Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2017, 5.000%, 9/01/42   9/27 at 100.00 A 4,272,221
1,390   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2020C-1, 5.000%, 11/15/50   5/30 at 100.00 A3 1,636,600
750   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Green Climate Certified Series 2020E, 5.000%, 11/15/30   No Opt. Call A3 958,928
880   New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Refunding Series 2021A, 5.000%, 1/01/27  –  AGM Insured   No Opt. Call AA 1,081,881
710   New York City, New York, General Obligation Bonds, Fiscal 2021 Series C, 5.000%, 8/01/43   8/30 at 100.00 AA 880,549
7

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments February 28, 2021
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New York (continued)        
$2,000   New York Convention Center Development Corporation, New York, Revenue Bonds, Hotel Unit Fee Secured, Refunding Series 2015, 5.000%, 11/15/25   No Opt. Call A1 $2,334,900
1,000   New York State Power Authority, General Revenue Bonds, Series 2020A, 4.000%, 11/15/50   5/30 at 100.00 AA 1,151,350
11,205   Total New York       13,521,412
    North Dakota – 0.7% (0.6% of Total Investments)        
1,250   Cass County, North Dakota, Health Care Facilities Revenue Bonds, Essential Health Obligated Group, Series 2018B, 4.250%, 2/15/43   2/28 at 100.00 A- 1,395,487
    Ohio – 2.3% (1.8% of Total Investments)        
620   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 4.000%, 6/01/48   6/30 at 100.00 BBB+ 693,079
2,175   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55   6/30 at 100.00 N/R 2,449,028
3,000   Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (7)   No Opt. Call N/R 3,750
1,150   Ohio State, Private Activity Bonds, Portsmouth Gateway Group, LLC - Borrower, Portsmouth Bypass Project, Series 2015, 5.000%, 12/31/27  –  AGM Insured (AMT)   6/25 at 100.00 AA 1,338,589
6,945   Total Ohio       4,484,446
    Oklahoma – 0.2% (0.1% of Total Investments)        
255   Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B, 5.250%, 8/15/43   8/28 at 100.00 Baa3 297,565
    Oregon – 1.8% (1.4% of Total Investments)        
965   Astoria Hospital Facilities Authority, Oregon, Hospital Revenue and Refunding Bonds, Columbia Memorial Hospital, Series 2012, 5.000%, 8/01/22   No Opt. Call A- 1,026,808
2,000   Port of Portland, Oregon, International Airport Revenue Bonds, Series 2017-24B, 5.000%, 7/01/36 (AMT)   1/27 at 100.00 A+ 2,340,720
2,965   Total Oregon       3,367,528
    Pennsylvania – 3.9% (3.1% of Total Investments)        
    Erie Higher Education Building Authority, Pennsylvania, Revenue Bonds, Gannon University Project, Series 2013:        
480   4.000%, 5/01/21   No Opt. Call BBB+ 481,800
500   4.000%, 5/01/22   No Opt. Call BBB+ 513,190
520   4.000%, 5/01/23   No Opt. Call BBB+ 543,998
1,905   Erie Sewer Authority, Erie County, Pennsylvania, Sewer Revenue Bonds, Series 2012A, 5.000%, 6/01/21  –  AGM Insured   No Opt. Call AA 1,926,279
1,700   Pennsylvania Economic Development Financing Authority, Private Activity Revenue Bonds, Pennsylvania Rapid Bridge Replacement Project, Series 2015, 5.000%, 6/30/28 (AMT)   6/26 at 100.00 BBB 2,032,962
1,000   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A, 4.000%, 12/01/43   12/30 at 100.00 A 1,150,850
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Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Pennsylvania (continued)        
$285   Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, Refunding Subordinate Series 2019B, 4.000%, 9/01/34  –  AGM Insured   9/29 at 100.00 AA $340,022
435   Southcentral Pennsylvania General Authority, Revenue Bonds, Hanover Hospital Inc, Series 2013, 5.000%, 12/01/21   No Opt. Call A 449,977
6,825   Total Pennsylvania       7,439,078
    Puerto Rico – 1.6% (1.3% of Total Investments)        
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
660   4.500%, 7/01/34   7/25 at 100.00 N/R 720,330
2,175   4.550%, 7/01/40   7/28 at 100.00 N/R 2,370,859
2,835   Total Puerto Rico       3,091,189
    South Carolina – 2.3% (1.8% of Total Investments)        
2,000   South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper, Refunding Series 2012D, 5.000%, 12/01/43 (Pre-refunded 6/01/22)   6/22 at 100.00 A (5) 2,120,040
2,000   South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2014B, 5.000%, 12/01/31   6/24 at 100.00 A 2,253,440
4,000   Total South Carolina       4,373,480
    Tennessee – 7.9% (6.3% of Total Investments)        
    Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Ballad Health, Series 2018A:        
1,000   5.000%, 7/01/36   7/28 at 100.00 A 1,202,890
1,605   5.000%, 7/01/37   7/28 at 100.00 A 1,924,957
2,290   Jackson, Tennessee, Hospital Revenue Bonds, Jackson-Madison County General Hospital Project, Series 2018A, 5.000%, 4/01/35   10/28 at 100.00 A 2,769,778
    Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, Covenant Health, Refunding Series 2012A:        
1,440   5.000%, 1/01/25   1/23 at 100.00 A+ 1,553,688
2,170   5.000%, 1/01/26   1/23 at 100.00 A+ 2,336,157
450   Metropolitan Government of Nashville-Davidson County, Tennessee, Water and Sewerage Revenue Bonds, Green Series 2017A, 5.000%, 7/01/42   7/27 at 100.00 AA 538,713
1,400   The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B, 5.625%, 9/01/26   No Opt. Call BBB 1,718,066
    The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C:        
1,490   5.000%, 2/01/24   No Opt. Call A 1,667,787
1,365   5.000%, 2/01/25   No Opt. Call A 1,570,391
13,210   Total Tennessee       15,282,427
    Texas – 6.5% (5.1% of Total Investments)        
1,225   Bexar County Hospital District, Texas, Certificates of Obligation, Series 2020, 5.000%, 2/15/45   2/29 at 100.00 Aa1 1,519,784
500   Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Subordinate Lien Series 2013, 5.000%, 1/01/22   No Opt. Call BBB+ 517,175
9

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments February 28, 2021
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
$1,070   Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Subordinate Lien Series 2020G, 4.000%, 1/01/45   1/30 at 100.00 BBB+ $1,193,703
2,000   Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25 (AMT)   10/22 at 100.00 BB 2,028,020
1,000   Harris County, Texas, Toll Road Revenue Bonds, Refunding First Lien Series 2021A, 5.000%, 8/15/30   No Opt. Call Aa2 1,334,170
    Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien Series 2014C:        
1,660   5.000%, 11/15/23   No Opt. Call Baa1 1,797,531
960   5.000%, 11/15/25   11/24 at 100.00 Baa1 1,059,523
1,005   Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3, 0.000%, 11/15/33  –  NPFG Insured   11/24 at 59.10 Baa2 534,720
    Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott & White Healthcare Project, Tender Option Bond Trust 2016-XG0058:        
100   22.753%, 8/15/22 (ETM), 144A (IF) (4)   No Opt. Call AA- (5) 134,950
155   22.539%, 8/15/24 (Pre-refunded 8/15/23), 144A (IF) (4)   8/23 at 100.00 AA- 243,286
200   22.753%, 8/15/26 (Pre-refunded 8/15/23), 144A (IF) (4)   8/23 at 100.00 AA- 315,032
175   22.496%, 8/15/27 (Pre-refunded 8/15/23), 144A (IF) (4)   8/23 at 100.00 AA- 274,486
1,055   Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior Lien Series 2008D, 6.250%, 12/15/26   No Opt. Call A2 1,238,887
360   Texas Public Finance Authority, Revenue Bonds, Texas Southern University Financing System, Series 2011, 6.000%, 5/01/23   5/21 at 100.00 BBB 362,786
11,465   Total Texas       12,554,053
    Utah – 0.6% (0.5% of Total Investments)        
435   Utah Water Finance Agency, Revenue Bonds, Pooled Loan Financing Program, Series 2017A, 5.000%, 3/01/35   3/27 at 100.00 AA 522,218
600   Utah Water Finance Agency, Revenue Bonds, Pooled Loan Financing Program, Series 2017C, 5.000%, 3/01/34   3/27 at 100.00 AA 721,650
1,035   Total Utah       1,243,868
    Virgin Islands – 0.1% (0.1% of Total Investments)        
175   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A, 4.000%, 10/01/22  –  AGM Insured   No Opt. Call AA 180,639
    Virginia – 1.1% (0.9% of Total Investments)        
1,340   Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Series 2016, 5.000%, 7/01/41  –  AGM Insured   7/26 at 100.00 AA 1,586,493
535   Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Series 2012A, 5.000%, 7/15/21   No Opt. Call BBB+ 543,710
1,875   Total Virginia       2,130,203
    Washington – 1.4% (1.1% of Total Investments)        
700   Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015A, 5.000%, 4/01/27   10/24 at 100.00 AA- 801,668
10

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Washington (continued)        
    Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018:        
$200   5.000%, 7/01/34   7/28 at 100.00 BBB+ $238,180
1,445   5.000%, 7/01/43   7/28 at 100.00 BBB 1,676,865
2,345   Total Washington       2,716,713
    Wisconsin – 0.3% (0.3% of Total Investments)        
    University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Tender Option Bond Trust 2015-XF0127:        
50   21.222%, 4/01/22, 144A (IF) (4)   No Opt. Call AA- 62,455
100   22.078%, 4/01/23, 144A (IF) (4)   No Opt. Call AA- 145,493
185   21.673%, 4/01/24, 144A (IF) (4)   4/23 at 100.00 AA- 265,336
100   22.078%, 4/01/25, 144A (IF) (4)   4/23 at 100.00 AA- 142,882
435   Total Wisconsin       616,166
$211,365   Total Municipal Bonds (cost $225,882,952)       242,001,631
    
Shares   Description (1)       Value
    COMMON STOCKS – 1.4% (1.1% of Total Investments)        
    Electric Utilities – 1.4% (1.1% of Total Investments)        
97,015   Energy Harbor Corp (8), (9), (10)       $2,728,547
    Total Common Stocks (cost $2,765,568)       2,728,547
    Total Long-Term Investments (cost $228,648,520)       244,730,178
    Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (28.5)% (11)       (54,937,259)
    Other Assets Less Liabilities – 1.4%       2,712,449
    Net Assets Applicable to Common Shares – 100%       $192,505,368
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
11

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments February 28, 2021
  (Unaudited)
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the market value of the Fund’s investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $242,001,631 $ — $242,001,631
Common Stocks  — 2,728,547  — 2,728,547
Total $ — $244,730,178 $ — $244,730,178
    
(1) All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(5) 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.  
(6) 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.  
(7) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(8) For fair value measurement disclosure purposes, investment classified as Level 2.  
(9) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.  
(10) Common Stock received as part of the bankruptcy settlement for Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23.  
(11) Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering cost as a percentage of Total Investments is 22.4%.  
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.  
WI/DD Purchased on a when-issued or delayed delivery basis.  
12