Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 147.7% (100.0% of Total Investments) | ||||||
MUNICIPAL BONDS – 147.7% (100.0% of Total Investments) | ||||||
Education and Civic Organizations – 43.2% (29.3% of Total Investments) | ||||||
$3,515 | Massachusetts Development Finance Agency, Revenue Bonds, Berklee College of Music, Series 2016, 5.000%, 10/01/39 | 10/26 at 100.00 | A | $4,250,865 | ||
2,200 | Massachusetts Development Finance Agency, Revenue Bonds, Boston College, Series 2013S, 5.000%, 7/01/38 | 7/23 at 100.00 | AA- | 2,481,534 | ||
730 | Massachusetts Development Finance Agency, Revenue Bonds, Boston College, Series 2017T, 5.000%, 7/01/42 | 7/27 at 100.00 | AA- | 894,214 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Tender Option Bond Trust 2016-XG0070: | ||||||
1,880 | 14.123%, 10/01/48, 144A (IF) (4) | 10/23 at 100.00 | AA- | 2,828,516 | ||
575 | 14.049%, 10/01/48, 144A (IF) (4) | 10/23 at 100.00 | AA- | 864,748 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2017A: | ||||||
2,000 | 5.000%, 1/01/34 | 1/28 at 100.00 | BBB+ | 2,431,960 | ||
2,240 | 5.000%, 1/01/37 | 1/28 at 100.00 | BBB+ | 2,700,790 | ||
1,955 | Massachusetts Development Finance Agency, Revenue Bonds, Lesley University, Series 2016, 5.000%, 7/01/35 | 7/26 at 100.00 | A- | 2,366,899 | ||
Massachusetts Development Finance Agency, Revenue Bonds, MCPHS University Issue, Series 2015H: | ||||||
450 | 3.500%, 7/01/35 | 7/25 at 100.00 | AA | 478,130 | ||
190 | 5.000%, 7/01/37 | 7/25 at 100.00 | AA | 223,755 | ||
1,200 | Massachusetts Development Finance Agency, Revenue Bonds, Merrimack College, Series 2017, 5.000%, 7/01/47 | 7/26 at 100.00 | BBB- | 1,351,140 | ||
550 | Massachusetts Development Finance Agency, Revenue Bonds, Northeastern University, Series 2012, 5.000%, 10/01/31 | 10/22 at 100.00 | A1 | 607,492 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Northeastern University, Series 2014A: | ||||||
875 | 5.000%, 3/01/39 | 3/24 at 100.00 | A1 | 1,005,392 | ||
1,400 | 5.000%, 3/01/44 | 3/24 at 100.00 | A1 | 1,600,326 | ||
500 | Massachusetts Development Finance Agency, Revenue Bonds, Simmons College, Series 2013J, 5.250%, 10/01/39 | 10/23 at 100.00 | BBB+ | 563,250 | ||
1,230 | Massachusetts Development Finance Agency, Revenue Bonds, Sterling and Francine Clark Art Institute, Series 2015, 5.000%, 7/01/33 | 7/25 at 100.00 | AA | 1,474,401 | ||
450 | Massachusetts Development Finance Agency, Revenue Bonds, Suffolk University, Refunding Series 2019, 5.000%, 7/01/36 | 7/29 at 100.00 | Baa2 | 559,314 |
NMT | Nuveen Massachusetts Quality Municipal Income Fund (continued) |
Portfolio of Investments August 31, 2019 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
Massachusetts Development Finance Agency, Revenue Bonds, The Broad Institute, Series 2017: | ||||||
$2,200 | 5.000%, 4/01/35 | 10/27 at 100.00 | AA- | $2,763,508 | ||
1,250 | 5.000%, 4/01/36 | 10/27 at 100.00 | AA- | 1,566,075 | ||
875 | Massachusetts Development Finance Agency, Revenue Bonds, Tufts University, Series 2015Q, 5.000%, 8/15/38 | 8/25 at 100.00 | Aa2 | 1,035,230 | ||
1,325 | Massachusetts Development Finance Agency, Revenue Bonds, Wheaton College, Series 2017H, 5.000%, 1/01/42 | 1/28 at 100.00 | A3 | 1,593,326 | ||
1,510 | Massachusetts Development Finance Agency, Revenue Bonds, Woods Hole Oceanographic Institution, Series 2018, 5.000%, 6/01/43 | 6/28 at 100.00 | AA- | 1,873,608 | ||
1,365 | Massachusetts Development Finance Agency, Revenue Bonds, Worcester Polytechnic Institute, Series 2012, 5.000%, 9/01/50 | 9/22 at 100.00 | A1 | 1,485,093 | ||
840 | Massachusetts Development Finance Agency, Revenue Bonds, Worcester Polytechnic Institute, Series 2016, 5.000%, 9/01/37 | 9/26 at 100.00 | A1 | 1,016,274 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Worcester Polytechnic Institute, Series 2017: | ||||||
550 | 5.000%, 9/01/42 | 9/27 at 100.00 | A1 | 665,115 | ||
700 | 5.000%, 9/01/47 | 9/27 at 100.00 | A1 | 841,162 | ||
2,500 | Massachusetts Development Finance Agency, Revenue Bonds, Worcester Polytechnic Institute, Series 2017B, 5.000%, 9/01/42 | 9/27 at 100.00 | A1 | 3,023,250 | ||
500 | Massachusetts Development Finance Authority, Revenue Bonds, Suffolk University, Refunding Series 2017, 5.000%, 7/01/35 | 7/27 at 100.00 | Baa2 | 600,710 | ||
3,000 | Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation, Series 2002A, 5.750%, 1/01/42 – AMBAC Insured | No Opt. Call | AA- | 4,578,540 | ||
2,495 | Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation, Series 2016, 5.000%, 1/01/40 | 7/26 at 100.00 | AA- | 2,989,684 | ||
Massachusetts Development Finance Authority, Revenue Refunding Bonds, Boston University, Series 1999P: | ||||||
1,090 | 6.000%, 5/15/29 | No Opt. Call | Aa3 | 1,447,825 | ||
1,000 | 6.000%, 5/15/59 | 5/29 at 105.00 | Aa3 | 1,343,750 | ||
350 | Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Series 2011J, 5.625%, 7/01/33 (AMT) | 7/21 at 100.00 | AA | 369,303 | ||
255 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Northeastern University, Series 2010A, 4.875%, 10/01/35 | 10/20 at 100.00 | A1 | 263,833 | ||
2,000 | University of Massachusetts Building Authority, Project Revenue Bonds, Senior Series 2014-1, 5.000%, 11/01/44 | 11/24 at 100.00 | Aa2 | 2,335,340 | ||
4,000 | University of Massachusetts Building Authority, Project Revenue Bonds, Senior Series 2015-1, 5.000%, 11/01/40 | 11/25 at 100.00 | Aa2 | 4,803,640 | ||
49,745 | Total Education and Civic Organizations | 61,277,992 | ||||
Health Care – 30.0% (20.3% of Total Investments) | ||||||
1,000 | Massachusetts Development Finance Agency Revenue Bonds, Children's Hospital Issue, Series 2014P, 5.000%, 10/01/46 | 10/24 at 100.00 | AA | 1,141,100 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
$1,340 | Massachusetts Development Finance Agency Revenue Bonds, South Shore Hospital, Series 2016I, 5.000%, 7/01/41 | 7/26 at 100.00 | BBB+ | $1,559,010 | ||
1,410 | Massachusetts Development Finance Agency, Hospital Revenue Bonds, Cape Cod Healthcare Obligated Group, Series 2013, 5.250%, 11/15/41 | 11/23 at 100.00 | AA- | 1,580,737 | ||
1,000 | Massachusetts Development Finance Agency, Revenue Bonds, Baystate Medical Center Issue, Series 2014N, 5.000%, 7/01/44 | 7/24 at 100.00 | A+ | 1,133,140 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Berkshire Health Systems, Series 2012G: | ||||||
895 | 5.000%, 10/01/29 | 10/21 at 100.00 | AA- | 962,913 | ||
700 | 5.000%, 10/01/31 | 10/21 at 100.00 | AA- | 750,876 | ||
500 | Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2016E, 5.000%, 7/01/32 | 7/26 at 100.00 | BBB | 589,975 | ||
1,675 | Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Refunding Series 2016-I, 5.000%, 7/01/30 | 7/26 at 100.00 | A | 2,040,887 | ||
Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2015H-1: | ||||||
900 | 5.000%, 7/01/30 | 7/25 at 100.00 | A | 1,071,873 | ||
1,000 | 5.000%, 7/01/32 | 7/25 at 100.00 | A | 1,183,440 | ||
500 | 5.000%, 7/01/33 | 7/25 at 100.00 | A | 590,760 | ||
1,500 | Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2, 5.000%, 7/01/38 | 7/28 at 100.00 | A | 1,848,615 | ||
1,000 | Massachusetts Development Finance Agency, Revenue Bonds, Covenant Health System Obligated Group, Series 2012, 5.000%, 7/01/31 | 7/22 at 100.00 | BBB+ | 1,064,460 | ||
2,800 | Massachusetts Development Finance Agency, Revenue Bonds, Dana-Farber Cancer Institute Issue, Series 2016N, 5.000%, 12/01/46 | 12/26 at 100.00 | A1 | 3,326,232 | ||
3,500 | Massachusetts Development Finance Agency, Revenue Bonds, Lahey Health System Obligated Group Issue, Series 2015F, 5.000%, 8/15/45 | 8/25 at 100.00 | A | 4,057,480 | ||
1,080 | Massachusetts Development Finance Agency, Revenue Bonds, Milford Regional Medical Center Issue, Series 2014F, 5.750%, 7/15/43 | 7/23 at 100.00 | BB+ | 1,191,348 | ||
3,450 | Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System Issue, Series 2016Q, 5.000%, 7/01/47 | 7/26 at 100.00 | AA- | 4,085,731 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System Issue, Series 2017S-1: | ||||||
2,200 | 5.000%, 7/01/37 | 1/28 at 100.00 | AA- | 2,738,956 | ||
2,100 | 4.000%, 7/01/41 | 1/28 at 100.00 | AA- | 2,380,959 | ||
5 | Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System, Series 2012L, 5.000%, 7/01/36 | 7/21 at 100.00 | AA- | 5,321 | ||
820 | Massachusetts Development Finance Agency, Revenue Bonds, Southcoast Health System Obligated Group Issue, Series 2013F, 5.000%, 7/01/37 | 7/23 at 100.00 | BBB+ | 910,266 | ||
Massachusetts Development Finance Agency, Revenue Bonds, The Lowell General Hospital, Series 2013G: | ||||||
1,000 | 5.000%, 7/01/37 | 7/23 at 100.00 | BBB+ | 1,120,280 | ||
2,200 | 5.000%, 7/01/44 | 7/23 at 100.00 | BBB+ | 2,443,144 |
NMT | Nuveen Massachusetts Quality Municipal Income Fund (continued) |
Portfolio of Investments August 31, 2019 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
$610 | Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care Obligated Group Issue, Series 2017K, 5.000%, 7/01/38 | 1/27 at 100.00 | A- | $720,843 | ||
Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care Obligated Group Issue, Series 2017L: | ||||||
400 | 3.625%, 7/01/37 | 7/27 at 100.00 | A- | 426,056 | ||
1,095 | 5.000%, 7/01/44 | 7/27 at 100.00 | A- | 1,290,589 | ||
445 | Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care, Series 2016I, 5.000%, 7/01/36 | 7/26 at 100.00 | A- | 526,257 | ||
25 | Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health, Series 2011H, 5.500%, 7/01/31 | 7/21 at 100.00 | BBB+ | 26,864 | ||
280 | Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A, 5.000%, 7/01/44 | 1/29 at 100.00 | BBB+ | 337,257 | ||
1,495 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Milford Regional Medical Center, Series 2007E, 5.000%, 7/15/32 | 9/19 at 100.00 | BB+ | 1,508,500 | ||
36,925 | Total Health Care | 42,613,869 | ||||
Housing/Multifamily – 0.5% (0.3% of Total Investments) | ||||||
495 | Boston Housing Authority, Massachusetts, Capital Program Revenue Bonds, Series 2008, 5.000%, 4/01/20 – AGM Insured | 9/19 at 100.00 | AA | 496,480 | ||
215 | Massachusetts Housing Finance Agency, Housing Bonds, Series 2003H, 5.125%, 6/01/43 | 9/19 at 100.00 | AA | 216,507 | ||
710 | Total Housing/Multifamily | 712,987 | ||||
Long-Term Care – 3.2% (2.1% of Total Investments) | ||||||
Massachusetts Development Finance Agency Revenue Refunding Bonds, NewBridge on the Charles, Inc Issue, Series 2017: | ||||||
1,040 | 4.125%, 10/01/42, 144A | 10/22 at 105.00 | BB+ | 1,113,310 | ||
250 | 5.000%, 10/01/47, 144A | 10/22 at 105.00 | BB+ | 277,250 | ||
460 | Massachusetts Development Finance Agency, Revenue Bonds, Berkshire Retirement Community Lennox, Series 2015, 5.000%, 7/01/31 | 7/25 at 100.00 | A+ | 534,180 | ||
285 | Massachusetts Development Finance Agency, Revenue Bonds, Carleton-Willard Village, Series 2010, 5.625%, 12/01/30 | 12/19 at 100.00 | A- | 287,901 | ||
1,000 | Massachusetts Development Finance Agency, Revenue Bonds, Loomis Communities, Series 2013A, 5.250%, 1/01/26 | 1/23 at 100.00 | BBB | 1,112,310 | ||
1,000 | Massachusetts Development Finance Agency, Revenue Bonds, Orchard Cove, Inc, Refunding Series 2019, 5.000%, 10/01/49 | 10/24 at 104.00 | BBB+ | 1,137,710 | ||
4,035 | Total Long-Term Care | 4,462,661 | ||||
Tax Obligation/General – 16.3% (11.0% of Total Investments) | ||||||
1,250 | Hudson, Massachusetts, General Obligation Bonds, Municipal Purpose Loan Series 2011, 5.000%, 2/15/32 | 2/20 at 100.00 | AA | 1,273,063 | ||
640 | Massachusetts Bay Transportation Authority, General Obligation Transportation System Bonds, Series 1991A, 7.000%, 3/01/21 | No Opt. Call | Aa1 | 678,298 | ||
1,500 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2004B, 5.250%, 8/01/21 – AGM Insured | No Opt. Call | Aa1 | 1,619,295 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$2,000 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2015C, 5.000%, 7/01/45 | 7/25 at 100.00 | Aa1 | $2,352,180 | ||
3,895 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2017F, 5.000%, 11/01/46 | 11/27 at 100.00 | Aa1 | 4,774,179 | ||
4,000 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2019A, 5.250%, 1/01/44 | 1/29 at 100.00 | Aa1 | 5,153,200 | ||
1,775 | North Reading, Massachusetts, General Obligation Bonds, Municipal Purpose Loan Series 2012, 5.000%, 5/15/35 | 5/22 at 100.00 | Aa2 | 1,946,696 | ||
1,760 | Norwell, Massachusetts, General Obligation Bonds, Series 2003, 5.000%, 11/15/20 – FGIC Insured | No Opt. Call | AAA | 1,808,136 | ||
Quincy, Massachusetts, General Obligation Bonds, State Qualified Municipal Purpose Loan Series 2011: | ||||||
1,280 | 5.125%, 12/01/33 | 12/20 at 100.00 | Aa2 | 1,342,310 | ||
2,000 | 5.250%, 12/01/38 | 12/20 at 100.00 | Aa2 | 2,099,420 | ||
20,100 | Total Tax Obligation/General | 23,046,777 | ||||
Tax Obligation/Limited – 19.4% (13.2% of Total Investments) | ||||||
Government of Guam, Business Privilege Tax Bonds, Series 2011A: | ||||||
2,000 | 5.250%, 1/01/36 | 1/22 at 100.00 | BB | 2,121,820 | ||
1,310 | 5.125%, 1/01/42 | 1/22 at 100.00 | BB | 1,378,605 | ||
Government of Guam, Business Privilege Tax Bonds, Series 2012B-1: | ||||||
400 | 5.000%, 1/01/37 | 1/22 at 100.00 | BB | 420,828 | ||
1,115 | 5.000%, 1/01/42 | 1/22 at 100.00 | BB | 1,168,219 | ||
855 | Martha's Vineyard Land Bank, Massachusetts, Revenue Bonds, Refunding Green Series 2014, 5.000%, 5/01/33 – BAM Insured | 11/24 at 100.00 | AA | 1,008,720 | ||
500 | Martha's Vineyard Land Bank, Massachusetts, Revenue Bonds, Refunding Green Series 2017, 5.000%, 5/01/35 | 5/27 at 100.00 | AA | 615,645 | ||
1,000 | Massachusetts Bay Transportation Authority, Assessment Bonds, Series 2012A, 5.000%, 7/01/41 | 7/22 at 100.00 | AAA | 1,098,860 | ||
770 | Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Refunding Senior Lien Series 2004C, 5.250%, 7/01/21 | No Opt. Call | AA | 828,882 | ||
1,610 | Massachusetts College Building Authority, Project Revenue Bonds, Green Series 2014B, 5.000%, 5/01/44 | 5/24 at 100.00 | Aa2 | 1,835,931 | ||
1,000 | Massachusetts College Building Authority, Project Revenue Bonds, Refunding Series 2003B, 5.375%, 5/01/23 – SYNCORA GTY Insured | No Opt. Call | Aa2 | 1,154,010 | ||
855 | Massachusetts College Building Authority, Revenue Bonds, Refunding Series 2012B, 5.000%, 5/01/37 | 5/22 at 100.00 | Aa2 | 926,256 | ||
1,350 | Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior Refunding Series 2015C, 5.000%, 8/15/37 | 8/25 at 100.00 | AAA | 1,609,295 | ||
1,875 | Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior Series 2013A, 5.000%, 5/15/38 | 5/23 at 100.00 | AAA | 2,114,400 | ||
1,000 | Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Series 2011B, 5.000%, 10/15/41 | 10/21 at 100.00 | AAA | 1,076,400 |
NMT | Nuveen Massachusetts Quality Municipal Income Fund (continued) |
Portfolio of Investments August 31, 2019 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
$2,000 | Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Subordinated Series 2018A, 5.250%, 2/15/48 | 2/28 at 100.00 | AA+ | $2,504,720 | ||
1,070 | Massachusetts State, Special Obligation Dedicated Tax Revenue Bonds, Refunding Series 2005, 5.000%, 1/01/20 – FGIC Insured | No Opt. Call | A1 | 1,083,589 | ||
1,500 | Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, Series 2015A, 5.000%, 6/01/45 | 6/25 at 100.00 | AA+ | 1,778,655 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
863 | 4.550%, 7/01/40 | 7/28 at 100.00 | N/R | 890,780 | ||
4,845 | 0.000%, 7/01/51 | 7/28 at 30.01 | N/R | 941,577 | ||
1,259 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 1,315,856 | ||
520 | Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A, 5.000%, 10/01/32 – AGM Insured | 10/22 at 100.00 | AA | 569,894 | ||
1,000 | Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A, 5.000%, 10/01/32 – AGM Insured | 10/22 at 100.00 | AA | 1,095,950 | ||
28,697 | Total Tax Obligation/Limited | 27,538,892 | ||||
Transportation – 8.7% (5.9% of Total Investments) | ||||||
400 | Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Commonwealth Contract Assistance Secured, Series 2010B, 5.000%, 1/01/35 | 1/20 at 100.00 | AA+ | 404,868 | ||
2,500 | Massachusetts Port Authority, Revenue Bonds, Refunding Series 2017A, 5.000%, 7/01/47 (AMT) | 7/27 at 100.00 | AA | 2,996,925 | ||
1,000 | Massachusetts Port Authority, Revenue Bonds, Series 2010A, 5.000%, 7/01/30 | 7/20 at 100.00 | AA | 1,032,090 | ||
1,000 | Massachusetts Port Authority, Revenue Bonds, Series 2012B, 5.000%, 7/01/33 | 7/22 at 100.00 | AA | 1,099,740 | ||
Massachusetts Port Authority, Revenue Bonds, Series 2014A: | ||||||
1,000 | 5.000%, 7/01/39 | 7/24 at 100.00 | AA | 1,162,640 | ||
2,500 | 5.000%, 7/01/44 | 7/24 at 100.00 | AA | 2,895,075 | ||
Massachusetts Port Authority, Revenue Bonds, Series 2015A: | ||||||
715 | 5.000%, 7/01/40 | 7/25 at 100.00 | AA | 846,374 | ||
1,000 | 5.000%, 7/01/45 | 7/25 at 100.00 | AA | 1,176,690 | ||
730 | Metropolitan Boston Transit Parking Corporation, Massachusetts, Systemwide Parking Revenue Bonds, Senior Lien Series 2011, 5.000%, 7/01/41 | 7/21 at 100.00 | A+ | 775,815 | ||
10,845 | Total Transportation | 12,390,217 | ||||
U.S. Guaranteed – 18.2% (12.3% of Total Investments) (5) | ||||||
500 | Boston Water and Sewer Commission, Massachusetts, General Revenue Bonds, Refunding Senior Lien Series 2010A, 5.000%, 11/01/30 (Pre-refunded 11/01/19) | 11/19 at 100.00 | AA+ | 503,100 | ||
2,580 | Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 (Pre-refunded 10/01/20) – AGM Insured | 10/20 at 100.00 | AA | 2,689,211 | ||
2,000 | Hampden-Wilbraham Regional School District, Hampden County, Massachusetts, General Obligation Bonds, Series 2011, 5.000%, 2/15/41 (Pre-refunded 2/15/21) | 2/21 at 100.00 | Aa3 | 2,114,360 | ||
750 | Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2009V-1, 5.000%, 10/01/29 (Pre-refunded 10/01/19) | 10/19 at 100.00 | AA- | 752,227 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed (5) (continued) | ||||||
Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2010A: | ||||||
$1,275 | 5.000%, 1/01/40 (Pre-refunded 1/01/20) | 1/20 at 100.00 | N/R | $1,291,447 | ||
125 | 5.000%, 1/01/40 (Pre-refunded 1/01/20) | 1/20 at 100.00 | BBB+ | 126,613 | ||
2,150 | Massachusetts Development Finance Agency, Revenue Bonds, Lesley University, Series 2011B-1, 5.250%, 7/01/33 (Pre-refunded 7/01/21) – AGM Insured | 7/21 at 100.00 | AA | 2,312,368 | ||
467 | Massachusetts Development Finance Agency, Revenue Bonds, North Hill Communities Issue, Series 2013A, 6.250%, 11/15/28 (Pre-refunded 11/15/23), 144A | 11/23 at 100.00 | N/R | 546,292 | ||
2,200 | Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System, Series 2011K-6, 5.375%, 7/01/41 (Pre-refunded 7/01/20) | 7/20 at 100.00 | AA- | 2,276,802 | ||
995 | Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System, Series 2012L, 5.000%, 7/01/36 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R | 1,065,655 | ||
1,000 | Massachusetts Development Finance Agency, Revenue Bonds, Sterling and Francine Clark Art Institute, Series 2011A, 5.000%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | AA | 1,071,010 | ||
3,000 | Massachusetts Development Finance Agency, Revenue Bonds, The Broad Institute, Series 2011A, 5.250%, 4/01/37 (Pre-refunded 4/01/21) | 4/21 at 100.00 | Aa3 | 3,198,240 | ||
475 | Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health, Series 2011H, 5.500%, 7/01/31 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R | 513,010 | ||
500 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Cape Cod Healthcare Obligated Group, Series 2004D, 5.125%, 11/15/35 (Pre-refunded 11/15/19) – AGC Insured | 11/19 at 100.00 | AA | 503,985 | ||
410 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc, Series 1998A, 5.000%, 7/01/25 (Pre-refunded 7/01/21) – NPFG Insured | 7/21 at 100.00 | N/R | 433,747 | ||
2,000 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Children's Hospital, Series 2009M, 5.500%, 12/01/39 (Pre-refunded 12/01/19) | 12/19 at 100.00 | Aa2 | 2,021,080 | ||
2,030 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Wheaton College Issues, Series 2010F, 5.000%, 1/01/41 (Pre-refunded 1/01/20) | 1/20 at 100.00 | N/R | 2,056,187 | ||
1,500 | Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, Series 2013A, 5.000%, 6/01/38 (Pre-refunded 6/01/21) | 6/21 at 100.00 | AA+ | 1,603,050 | ||
720 | Springfield Water and Sewer Commission, Massachusetts, General Revenue Bonds, Refunding Series 2010B, 5.000%, 11/15/30 (Pre-refunded 11/15/20) – AGC Insured | 11/20 at 100.00 | AA | 754,092 | ||
24,677 | Total U.S. Guaranteed | 25,832,476 | ||||
Utilities – 1.0% (0.7% of Total Investments) | ||||||
1,265 | Massachusetts Clean Energy Cooperative Corporation, Revenue Bonds, Massachusetts Municipal Lighting Plant Cooperative, Series 2013, 5.000%, 7/01/32 | 7/23 at 100.00 | AA- | 1,442,606 | ||
Water and Sewer – 7.2% (4.9% of Total Investments) | ||||||
565 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2014A, 5.000%, 7/01/29 | 7/24 at 100.00 | A- | 638,032 | ||
1,250 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/37 | 7/27 at 100.00 | A- | 1,462,512 | ||
420 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 1/01/46 | 7/26 at 100.00 | A- | 477,813 |
NMT | Nuveen Massachusetts Quality Municipal Income Fund (continued) |
Portfolio of Investments August 31, 2019 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Water and Sewer (continued) | ||||||
$415 | Lynn Water and Sewer Commission, Massachusetts, General Revenue Bonds, Series 2003A, 5.000%, 12/01/32 – NPFG Insured | 9/19 at 100.00 | A1 | $416,204 | ||
1,000 | Massachusetts Clean Water Trust, State Revolving Fund Bonds, Green 18 Series 2015, 5.000%, 2/01/45 | 2/24 at 100.00 | AAA | 1,140,360 | ||
60 | Massachusetts Water Pollution Abatement Trust, Pooled Loan Program Bonds, Series 2003-9, 5.000%, 8/01/22 | 9/19 at 100.00 | AAA | 60,174 | ||
140 | Massachusetts Water Pollution Abatement Trust, Revenue Bonds, MWRA Loan Program, Series 2002A, 5.250%, 8/01/20 | 9/19 at 100.00 | AAA | 140,435 | ||
500 | Massachusetts Water Resources Authority, General Revenue Bonds, Refunding Series 2016B, 5.000%, 8/01/40 | 8/26 at 100.00 | AA+ | 606,445 | ||
1,230 | Massachusetts Water Resources Authority, General Revenue Bonds, Series 2017B, 5.000%, 8/01/42 | 8/27 at 100.00 | AA+ | 1,514,302 | ||
2,000 | Massachusetts Water Resources Authority, General Revenue Bonds, Series 2019B, 5.000%, 8/01/44 | 8/29 at 100.00 | AA+ | 2,543,860 | ||
1,000 | Springfield Water and Sewer Commission, Massachusetts, General Revenue Bonds, Series 2017C, 5.000%, 4/15/37 | 4/27 at 100.00 | AA | 1,235,010 | ||
8,580 | Total Water and Sewer | 10,235,147 | ||||
$185,579 | Total Long-Term Investments (cost $191,823,879) | 209,553,624 | ||||
Variable Rate Demand Preferred Shares, net of deferred offering costs – (52.0)% (6) | (73,731,725) | |||||
Other Assets Less Liabilities – 4.3% | 6,065,821 | |||||
Net Asset Applicable to Common Shares – 100% | $141,887,720 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $209,553,624 | $ — | $209,553,624 |
(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) | Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 35.2%. | |
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 | |
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. |