Chairman’s Letter to Shareholders
|
4
|
Portfolio Manager’s Comments
|
5
|
Fund Leverage
|
9
|
Common Share Information
|
11
|
Risk Considerations
|
13
|
Performance Overview and Holding Summaries
|
14
|
Shareholder Meeting Report
|
18
|
Report of Independent Registered Public Accounting Firm
|
19
|
Portfolios of Investments
|
20
|
Statement of Assets and Liabilities
|
107
|
Statement of Operations
|
108
|
Statement of Changes in Net Assets
|
109
|
Statement of Cash Flows
|
110
|
Financial Highlights
|
112
|
Notes to Financial Statements
|
115
|
Additional Fund Information
|
130
|
Glossary of Terms Used in this Report
|
131
|
Reinvest Automatically, Easily and Conveniently
|
133
|
Annual Investment Management Agreement Approval Process
|
134
|
Board Members & Officers
|
142
|
|
NAD
|
NEA
|
||||||
Effective Leverage*
|
39.92
|
%
|
39.94
|
%
|
||||
Regulatory Leverage*
|
38.01
|
%
|
37.67
|
%
|
*
|
Effective Leverage is a Fund’s effective economic leverage, and includes both regulatory leverage and the leverage effects of certain derivative and other investments in a Fund’s portfolio that increase the Fund’s investment exposure. Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings are included in effective leverage values, in addition to any regulatory leverage. Regulatory leverage consists of preferred shares issued or borrowings of a Fund. Both of these are part of a Fund’s capital structure. A Fund, however, may from time to time borrow on a typically transient basis in connection with its day-to-day operations, primarily in connection with the need to settle portfolio trades. Such incidental borrowings are excluded from the calculation of a Fund’s effective leverage ratio. Regulatory leverage is subject to asset coverage limits set forth in the Investment Company Act of 1940. |
|
Variable Rate
Preferred*
|
Variable Rate
Remarketed Preferred**
|
||||||||||
|
Shares
|
Shares
|
||||||||||
|
Issued at
|
Issued at
|
||||||||||
|
Liquidation
|
Liquidation
|
||||||||||
|
Preference
|
Preference
|
Total
|
|||||||||
NAD
|
$
|
1,152,500,000
|
$
|
632,000,000
|
$
|
1,784,500,000
|
||||||
NEA
|
$
|
958,000,000
|
$
|
1,290,300,000
|
$
|
2,248,300,000
|
*
|
Preferred shares of the Fund featuring a floating rate dividend based on a predetermined formula or spread to an index rate. Includes the following preferred shares AMTP, iMTP, VMTP, MFP-VRM and VRDP in Special Rate Mode, where applicable. See Notes to Financial Statements, Note 4 – Fund Shares, Preferred Shares for further details.
|
**
|
Preferred shares of the Fund featuring floating rate dividends set by a remarketing agent via a regular remarketing. Includes the following preferred shares VRDP not in Special Rate Mode, MFP-VRRM and MFP-VRDM, where applicable. See Notes to Financial Statements, Note 4 – Fund Shares, Preferred Shares for further details. |
|
Per Common
|
|||||||
|
Share Amounts
|
|||||||
Monthly Distributions (Ex-Dividend Date)
|
NAD
|
NEA
|
||||||
November 2017
|
$
|
0.0600
|
$
|
0.0580
|
||||
December
|
0.0575
|
0.0580
|
||||||
January
|
0.0575
|
0.0580
|
||||||
February
|
0.0575
|
0.0580
|
||||||
March
|
0.0575
|
0.0580
|
||||||
April
|
0.0575
|
0.0580
|
||||||
May
|
0.0575
|
0.0580
|
||||||
June
|
0.0575
|
0.0535
|
||||||
July
|
0.0575
|
0.0535
|
||||||
August
|
0.0575
|
0.0535
|
||||||
September
|
0.0535
|
0.0535
|
||||||
October 2018
|
0.0535
|
0.0535
|
||||||
Total Monthly Per Share Distributions
|
0.6845
|
0.6735
|
||||||
Ordinary Income Distribution*
|
0.0047
|
0.0045
|
||||||
Total Distributions from Net Investment Income
|
$
|
0.6892
|
$
|
0.6780
|
||||
Yields
|
||||||||
Market Yield**
|
5.17
|
%
|
5.29
|
%
|
||||
Tax-Equivalent Yield**
|
6.80
|
%
|
6.96
|
%
|
*
|
Distribution paid in December 2017.
|
**
|
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 24.0%. When comparing a Fund to investments that generate qualified dividend income, the Taxable-Equivalent Yield is lower.
|
|
NAD
|
NEA
|
||||||
Common shares cumulatively repurchased and retired
|
17,900
|
75,000
|
||||||
Common shares authorized for repurchase
|
20,190,000
|
26,280,000
|
|
NAD
|
NEA
|
||||||
Common shares repurchased and retired
|
17,900
|
55,700
|
||||||
Weighted average price per common share repurchased and retired
|
$
|
12.33
|
$
|
12.10
|
||||
Weighted average discount per common share repurchased and retired
|
14.96
|
%
|
14.89
|
%
|
|
NAD
|
NEA
|
||||||
Common share NAV
|
$
|
14.42
|
$
|
14.16
|
||||
Common share price
|
$
|
12.41
|
$
|
12.13
|
||||
Premium/(Discount) to NAV
|
(13.94
|
)%
|
(14.34
|
)%
|
||||
12-month average premium/(discount) to NAV
|
(11.65
|
)%
|
(11.45
|
)%
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Performance Overview and Holding Summaries as of October 31, 2018
|
|
Average Annual
|
|||||||||||
|
1-Year
|
5-Year
|
10-Year
|
|||||||||
NAD at Common Share NAV
|
(2.03
|
)%
|
5.48
|
%
|
8.14
|
%
|
||||||
NAD at Common Share Price
|
(5.69
|
)%
|
5.17
|
%
|
7.97
|
%
|
||||||
S&P Municipal Bond Index
|
(0.31
|
)%
|
3.33
|
%
|
4.97
|
%
|
||||||
NAD Custom Blended Fund Performance Benchmark
|
0.56
|
%
|
3.48
|
%
|
5.04
|
%
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
162.6%
|
Corporate Bonds
|
0.0%
|
Investment Companies
|
0.0%
|
Other Assets Less Liabilities
|
1.5%
|
Net Assets Plus Floating Rate Obligations,
|
|
MFP Shares, net of deferred offering costs,
|
|
VMTP Shares, net of deferred offering
|
|
costs & VRDP Shares, net of deferred
|
|
offering costs
|
164.1%
|
Floating Rate Obligations
|
(3.0)%
|
MFP Shares, net of deferred
|
|
offering costs
|
(20.8)%
|
VMTP Shares, net of deferred
|
|
offering costs
|
(18.7)%
|
VRDP Shares, net of deferred
|
|
offering costs
|
(21.6)%
|
Net Assets
|
100%
|
Portfolio Credit Quality
|
|
(% of total investment exposure)
|
|
U.S. Guaranteed
|
8.9%
|
AAA
|
2.5%
|
AA
|
31.4%
|
A
|
34.5%
|
BBB
|
13.1%
|
BB or Lower
|
6.5%
|
N/R (not rated)
|
3.1%
|
N/A (not applicable)
|
0.0%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Transportation
|
27.0%
|
Health Care
|
16.6%
|
Tax Obligation/Limited
|
13.6%
|
U.S. Guaranteed
|
9.7%
|
Tax Obligation/General
|
8.8%
|
Utilities
|
6.7%
|
Education and Civic Organizations
|
5.3%
|
Other
|
12.3%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
Illinois
|
11.8%
|
California
|
10.6%
|
Texas
|
10.3%
|
Colorado
|
6.3%
|
Florida
|
5.8%
|
Ohio
|
5.2%
|
New York
|
4.5%
|
Pennsylvania
|
3.2%
|
Washington
|
3.0%
|
New Jersey
|
2.9%
|
South Carolina
|
2.5%
|
Missouri
|
2.1%
|
Arizona
|
2.1%
|
Louisiana
|
2.0%
|
Virginia
|
2.0%
|
Nevada
|
1.9%
|
Michigan
|
1.5%
|
Wisconsin
|
1.4%
|
Tennessee
|
1.4%
|
Other
|
19.5%
|
Total
|
100%
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
Performance Overview and Holding Summaries as of October 31, 2018
|
|
Average Annual
|
|||||||||||
|
1-Year
|
5-Year
|
10-Year
|
|||||||||
NEA at Common Share NAV
|
(1.62
|
)%
|
5.89
|
%
|
6.91
|
%
|
||||||
NEA at Common Share Price
|
(5.84
|
)%
|
5.36
|
%
|
6.54
|
%
|
||||||
S&P Municipal Bond Index
|
(0.31
|
)%
|
3.33
|
%
|
4.97
|
%
|
||||||
NEA Custom Blended Fund Performance Benchmark
|
0.56
|
%
|
3.48
|
%
|
5.04
|
%
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
161.6%
|
Corporate Bonds
|
0.0%
|
Other Assets Less Liabilities
|
1.4%
|
Net Assets Plus Floating Rate
|
|
Obligations, MFP Shares, net of
|
|
deferred offering costs & VRDP
|
|
Shares, net of deferred offering costs
|
163.0%
|
Floating Rate Obligations
|
(2.8)%
|
MFP Shares, net of deferred
|
|
offering costs
|
(25.7)%
|
VRDP Shares, net of deferred
|
|
offering costs
|
(34.5)%
|
Net Assets
|
100%
|
Portfolio Credit Quality
|
|
(% of total investment exposure)
|
|
U.S. Guaranteed
|
9.9%
|
AAA
|
3.4%
|
AA
|
35.4%
|
A
|
27.1%
|
BBB
|
13.3%
|
BB or Lower
|
6.9%
|
N/R (not rated)
|
4.0%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Health Care
|
18.5%
|
Transportation
|
18.5%
|
Tax Obligation/Limited
|
14.7%
|
Tax Obligation/General
|
12.4%
|
U.S. Guaranteed
|
10.0%
|
Education and Civic Organizations
|
6.1%
|
Water and Sewer
|
5.6%
|
Utilities
|
5.3%
|
Consumer Staples
|
5.3%
|
Other
|
3.6%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
Illinois
|
14.4%
|
California
|
8.3%
|
Texas
|
8.0%
|
Colorado
|
6.3%
|
Ohio
|
6.2%
|
Florida
|
4.5%
|
New Jersey
|
4.0%
|
New York
|
3.9%
|
Pennsylvania
|
3.9%
|
Nevada
|
3.5%
|
Michigan
|
3.2%
|
Indiana
|
2.5%
|
Wisconsin
|
2.1%
|
Missouri
|
2.1%
|
South Carolina
|
2.1%
|
Washington
|
2.1%
|
Georgia
|
2.0%
|
Louisiana
|
1.9%
|
Other
|
19.0%
|
Total
|
100%
|
|
NAD
|
NEA
|
||
|
Common and
Preferred
shares voting
together
as a class
|
Preferred
shares voting
together
as a class
|
Common and
Preferred
shares voting
together
as a class
|
Preferred
shares voting
together
as a class
|
Approval of the Board Members was reached as follows:
|
|
|
|
|
Margo L. Cook
|
|
|
|
|
For
|
167,219,618
|
—
|
227,575,996
|
—
|
Withhold
|
16,109,188
|
—
|
13,258,876
|
—
|
Total
|
183,328,806
|
—
|
240,834,872
|
—
|
Jack B. Evans
|
|
|
|
|
For
|
166,535,336
|
—
|
226,632,515
|
—
|
Withhold
|
16,793,470
|
—
|
14,202,357
|
—
|
Total
|
183,328,806
|
—
|
240,834,872
|
—
|
Albin F. Moschner
|
|
|
|
|
For
|
166,945,081
|
—
|
227,009,207
|
—
|
Withhold
|
16,383,725
|
—
|
13,825,665
|
—
|
Total
|
183,328,806
|
—
|
240,834,872
|
—
|
William C. Hunter
|
|
|
|
|
For
|
—
|
16,501
|
—
|
19,527
|
Withhold
|
—
|
—
|
—
|
—
|
Total
|
—
|
16,501
|
—
|
19,527
|
William J. Schneider
|
|
|
|
|
For
|
—
|
16,501
|
—
|
19,527
|
Withhold
|
—
|
—
|
—
|
—
|
Total
|
—
|
16,501
|
—
|
19,527
|
NAD
|
Nuveen Quality Municipal Income Fund
Portfolio of Investments October 31, 2018
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
LONG-TERM INVESTMENTS – 162.6% (100.0% of Total Investments)
|
|
|
|
|
|
MUNICIPAL BONDS – 162.6% (100.0% of Total Investments)
|
|
|
|
|
|
Alabama – 1.3% (0.8% of Total Investments)
|
|
|
|
|
|
Alabama State Port Authority, Docks Facilities Revenue Bonds, Refunding Series 2017A:
|
|
|
|
|
$ 5,000
|
5.000%, 10/01/33 – AGM Insured (Alternative Minimum Tax)
|
10/27 at 100.00
|
AA
|
$ 5,461,800
|
|
5,455
|
5.000%, 10/01/34 – AGM Insured (Alternative Minimum Tax)
|
10/27 at 100.00
|
AA
|
5,941,531
|
|
5,550
|
5.000%, 10/01/35 – AGM Insured (Alternative Minimum Tax)
|
10/27 at 100.00
|
AA
|
6,027,522
|
|
17,500
|
Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/46
|
No Opt. Call
|
A3
|
19,660,025
|
|
33,505
|
Total Alabama
|
|
|
37,090,878
|
|
|
Alaska – 0.8% (0.5% of Total Investments)
|
|
|
|
|
|
Alaska Industrial Development and Export Authority, Power Revenue Bonds, Snettisham
|
|
|
|
|
|
Hydroelectric Project, Refunding Series 2015:
|
|
|
|
|
1,580
|
5.000%, 1/01/24 (Alternative Minimum Tax)
|
No Opt. Call
|
Baa2
|
1,714,316
|
|
3,400
|
5.000%, 1/01/25 (Alternative Minimum Tax)
|
No Opt. Call
|
Baa2
|
3,715,894
|
|
1,000
|
5.000%, 1/01/28 (Alternative Minimum Tax)
|
7/25 at 100.00
|
Baa2
|
1,078,560
|
|
1,075
|
5.000%, 1/01/29 (Alternative Minimum Tax)
|
7/25 at 100.00
|
Baa2
|
1,152,873
|
|
300
|
5.000%, 1/01/31 (Alternative Minimum Tax)
|
7/25 at 100.00
|
Baa2
|
319,185
|
|
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,
|
|
|
|
|
|
Series 2006A:
|
|
|
|
|
245
|
4.625%, 6/01/23
|
12/18 at 100.00
|
Ba2
|
245,049
|
|
14,500
|
5.000%, 6/01/32
|
12/18 at 100.00
|
B3
|
14,471,145
|
|
22,100
|
Total Alaska
|
|
|
22,697,022
|
|
|
Arizona – 3.4% (2.1% of Total Investments)
|
|
|
|
|
980
|
Apache County Industrial Development Authority, Arizona, Pollution Control Revenue Bonds,
|
3/22 at 100.00
|
A–
|
1,024,041
|
|
|
Tucson Electric Power Company, Series 20102A, 4.500%, 3/01/30
|
|
|
|
|
2,500
|
Arizona Health Facilities Authority, Revenue Bonds, Scottsdale Lincoln Hospitals Project,
|
12/24 at 100.00
|
A2
|
2,705,150
|
|
|
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–
|
2,139,400
|
|
|
Math & Science Projects, Series 2018A, 5.000%, 7/01/48
|
|
|
|
|
|
Arizona Sports and Tourism Authority, Tax Revenue Bonds, Multipurpose Stadium Facility
|
|
|
|
|
|
Project, Refunding Senior Series 2012A:
|
|
|
|
|
1,490
|
5.000%, 7/01/30
|
7/22 at 100.00
|
A1
|
1,567,733
|
|
2,500
|
5.000%, 7/01/32
|
7/22 at 100.00
|
A1
|
2,620,775
|
|
2,335
|
5.000%, 7/01/36
|
7/22 at 100.00
|
A1
|
2,431,506
|
|
11,795
|
Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health,
|
1/27 at 100.00
|
AA–
|
11,925,689
|
|
|
Refunding Series 2016A, 4.000%, 1/01/36
|
|
|
|
|
11,740
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series
|
7/20 at 100.00
|
A+ (4)
|
12,289,549
|
|
|
2010A, 5.000%, 7/01/40 (Pre-refunded 7/01/20)
|
|
|
|
|
12,935
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series
|
7/27 at 100.00
|
AA–
|
13,981,830
|
|
|
2017A, 5.000%, 7/01/47 (Alternative Minimum Tax)
|
|
|
|
|
6,000
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series
|
7/28 at 100.00
|
AA–
|
6,518,700
|
|
|
2018, 5.000%, 7/01/48 (WI/DD, Settling 11/28/18) (Alternative Minimum Tax)
|
|
|
|
|
7,000
|
Phoenix Civic Improvement Corporation, Arizona, Revenue Bonds, Civic Plaza Expansion Project,
|
No Opt. Call
|
AA
|
8,785,210
|
|
|
Series 2005B, 5.500%, 7/01/39 – FGIC Insured
|
|
|
|
|
1,000
|
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power
|
10/20 at 100.00
|
A–
|
1,050,290
|
|
|
Company, Series 2010A, 5.250%, 10/01/40
|
|
|
|
|
1,000
|
Pinal County Electrical District 4, Arizona, Electric System Revenue Bonds, Refunding Series
|
12/25 at 100.00
|
AA
|
1,000,580
|
|
|
2015, 4.000%, 12/01/38 – AGM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Arizona (continued)
|
|
|
|
|
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc.
|
|
|
|
|
|
Prepay Contract Obligations, Series 2007:
|
|
|
|
|
$ 500
|
5.500%, 12/01/29
|
No Opt. Call
|
BBB+
|
$ 587,660
|
|
24,765
|
5.000%, 12/01/37
|
No Opt. Call
|
BBB+
|
28,154,586
|
|
1,100
|
Student and Academic Services LLC, Arizona, Lease Revenue Bonds, Northern Arizona University
|
6/24 at 100.00
|
AA
|
1,197,493
|
|
|
Project, Series 2014, 5.000%, 6/01/34 – BAM Insured
|
|
|
|
|
774
|
Watson Road Community Facilities District, Arizona, Special Assessment Revenue Bonds, Series
|
1/19 at 100.00
|
N/R
|
737,939
|
|
|
2005, 6.000%, 7/01/30
|
|
|
|
|
90,414
|
Total Arizona
|
|
|
98,718,131
|
|
|
Arkansas – 0.1% (0.1% of Total Investments)
|
|
|
|
|
2,055
|
Arkansas State University, Student Fee Revenue Bonds, Jonesboro Campus, Series 2013,
|
12/23 at 100.00
|
A1
|
2,190,342
|
|
|
4.875%, 12/01/43
|
|
|
|
|
|
California – 17.3% (10.6% of Total Investments)
|
|
|
|
|
1,500
|
ABAG Finance Authority for Non-Profit Corporations, California, Cal-Mortgage Insured Revenue
|
5/20 at 100.00
|
AA– (4)
|
1,593,360
|
|
|
Bonds, Channing House, Series 2010, 6.000%, 5/15/30 (Pre-refunded 5/15/20)
|
|
|
|
|
|
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Subordinate
|
|
|
|
|
|
Lien Series 2004A:
|
|
|
|
|
185
|
0.000%, 10/01/20 – AMBAC Insured
|
No Opt. Call
|
BBB+
|
174,620
|
|
9,015
|
0.000%, 10/01/20 – AMBAC Insured (ETM)
|
No Opt. Call
|
Aaa
|
8,666,570
|
|
1,535
|
Alameda Corridor Transportation Authority, California, Revenue Bonds, Senior Lien Series
|
No Opt. Call
|
A
|
681,433
|
|
|
1999A, 0.000%, 10/01/37 – NPFG Insured
|
|
|
|
|
13,000
|
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement
|
1/19 at 100.00
|
A1
|
13,013,520
|
|
|
Project, Refunding Series 2007A-1, 4.375%, 3/01/37 – FGIC Insured
|
|
|
|
|
|
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement
|
|
|
|
|
|
Project, Series 1997C:
|
|
|
|
|
2,945
|
0.000%, 9/01/27
|
No Opt. Call
|
AA
|
2,177,238
|
|
7,150
|
0.000%, 9/01/28 – AGM Insured
|
No Opt. Call
|
AA
|
5,029,882
|
|
2,455
|
0.000%, 9/01/32 – AGM Insured
|
No Opt. Call
|
AA
|
1,402,370
|
|
200
|
0.000%, 9/01/35 – AGM Insured
|
No Opt. Call
|
AA
|
98,220
|
|
|
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
|
AA– (4)
|
11,252,200
|
|
3,500
|
5.250%, 4/01/53 (Pre-refunded 4/01/23)
|
4/23 at 100.00
|
AA– (4)
|
3,975,020
|
|
1,055
|
Brisbane School District, San Mateo County, California, General Obligation Bonds, Election
|
No Opt. Call
|
AA
|
536,457
|
|
|
2003 Series 2005, 0.000%, 7/01/35 – AGM Insured
|
|
|
|
|
|
Byron Unified School District, Contra Costa County, California, General Obligation Bonds,
|
|
|
|
|
|
Series 2007B,
|
|
|
|
|
1,640
|
0.000%, 8/01/32 – SYNCORA GTY Insured
|
No Opt. Call
|
A+
|
951,446
|
|
60
|
0.000%, 8/01/32 – SYNCORA GTY Insured (ETM)
|
No Opt. Call
|
A2 (4)
|
37,289
|
|
|
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
|
2,246,597
|
|
4,505
|
0.000%, 8/01/33 – FGIC Insured
|
No Opt. Call
|
A
|
2,472,479
|
|
2,820
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,
|
1/19 at 100.00
|
BBB+
|
2,827,276
|
|
|
Sonoma County Tobacco Securitization Corporation, Series 2005, 5.000%, 6/01/26
|
|
|
|
|
10,000
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health,
|
11/26 at 100.00
|
AA–
|
10,903,700
|
|
|
Refunding Series 2016B, 5.000%, 11/15/46
|
|
|
|
|
22,520
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health,
|
11/27 at 100.00
|
AA–
|
24,732,815
|
|
|
Refunding Series 2017A, 5.000%, 11/15/48
|
|
|
|
|
2,275
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health,
|
11/27 at 100.00
|
AA–
|
2,243,833
|
|
|
Series 2018A, 4.000%, 11/15/42
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 5,950
|
California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services,
|
10/19 at 100.00
|
AA–
|
$ 6,134,271
|
|
|
Series 2009B, 5.500%, 10/01/39
|
|
|
|
|
710
|
California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System,
|
7/23 at 100.00
|
AA–
|
771,671
|
|
|
Series 2013A, 5.000%, 7/01/37
|
|
|
|
|
|
California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and
|
|
|
|
|
|
Clinics, Tender Option Bond Trust 2016-XG0049:
|
|
|
|
|
825
|
7.783%, 8/15/51, 144A (IF), (5)
|
8/22 at 100.00
|
AA–
|
952,009
|
|
2,140
|
7.783%, 8/15/51, 144A (IF), (5)
|
8/22 at 100.00
|
AA–
|
2,469,453
|
|
790
|
7.778%, 8/15/51, 144A (IF), (5)
|
8/22 at 100.00
|
AA–
|
911,518
|
|
5,600
|
California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series
|
6/28 at 100.00
|
N/R
|
5,993,792
|
|
|
2018A, 5.000%, 12/31/43 (Alternative Minimum Tax)
|
|
|
|
|
3,250
|
California Municipal Finance Authority, Revenue Bonds, Community Medical Centers, Series
|
2/27 at 100.00
|
A–
|
3,502,233
|
|
|
2017A, 5.000%, 2/01/42
|
|
|
|
|
810
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
11/19 at 100.00
|
Aaa
|
847,365
|
|
|
2009-I, 6.375%, 11/01/34 (Pre-refunded 11/01/19)
|
|
|
|
|
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
|
|
|
|
|
2010A-1:
|
|
|
|
|
1,530
|
5.750%, 3/01/30 (Pre-refunded 3/01/20)
|
3/20 at 100.00
|
Aaa
|
1,609,055
|
|
1,000
|
6.000%, 3/01/35 (Pre-refunded 3/01/20)
|
3/20 at 100.00
|
Aaa
|
1,054,950
|
|
815
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
11/23 at 100.00
|
A+
|
889,328
|
|
|
2013I, 5.000%, 11/01/38
|
|
|
|
|
|
California State, General Obligation Bonds, Various Purpose Series 2010:
|
|
|
|
|
2,100
|
5.250%, 3/01/30
|
3/20 at 100.00
|
AA–
|
2,187,696
|
|
3,000
|
5.500%, 3/01/40
|
3/20 at 100.00
|
AA–
|
3,130,230
|
|
4,250
|
5.250%, 11/01/40
|
11/20 at 100.00
|
AA–
|
4,504,490
|
|
500
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda
|
12/24 at 100.00
|
BB
|
523,525
|
|
|
University Medical Center, Series 2014A, 5.250%, 12/01/44
|
|
|
|
|
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda
|
|
|
|
|
|
University Medical Center, Series 2016A:
|
|
|
|
|
6,000
|
5.000%, 12/01/46, 144A
|
6/26 at 100.00
|
BB–
|
6,113,460
|
|
3,070
|
5.250%, 12/01/56, 144A
|
6/26 at 100.00
|
BB–
|
3,174,534
|
|
5,480
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda
|
6/28 at 100.00
|
BB–
|
5,762,987
|
|
|
University Medical Center, Series 2018A, 5.500%, 12/01/58, 144A
|
|
|
|
|
|
California Statewide Communities Development Authority, Revenue Bonds, American Baptist Homes
|
|
|
|
|
|
of the West, Series 2010:
|
|
|
|
|
900
|
6.000%, 10/01/29
|
10/19 at 100.00
|
BBB+
|
931,257
|
|
1,030
|
6.250%, 10/01/39
|
10/19 at 100.00
|
BBB+
|
1,067,224
|
|
1,050
|
California Statewide Communities Development Authority, School Facility Revenue Bonds, Aspire
|
1/19 at 100.00
|
N/R (4)
|
1,057,529
|
|
|
Public Schools, Series 2010, 6.000%, 7/01/40 (Pre-refunded 1/01/19)
|
|
|
|
|
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
|
|
|
|
|
|
Health System, Series 2005A:
|
|
|
|
|
2,640
|
5.750%, 7/01/30
|
1/19 at 100.00
|
CC
|
2,245,927
|
|
7,230
|
5.500%, 7/01/39
|
1/19 at 100.00
|
CC
|
6,158,659
|
|
6,025
|
California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital
|
8/19 at 100.00
|
N/R (4)
|
6,249,732
|
|
|
Project, Series 2009, 6.750%, 2/01/38 (Pre-refunded 8/01/19)
|
|
|
|
|
4,890
|
Clovis Unified School District, Fresno County, California, General Obligation Bonds, Series
|
No Opt. Call
|
AA+
|
3,885,545
|
|
|
2006B, 0.000%, 8/01/26 – NPFG Insured
|
|
|
|
|
1,000
|
Coachella Valley Unified School District, Riverside County, California, General Obligation
|
No Opt. Call
|
A2
|
640,400
|
|
|
Bonds, Series 2005A, 0.000%, 8/01/30 – FGIC Insured
|
|
|
|
|
5,045
|
Culver City Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment
|
11/21 at 61.42
|
AA– (4)
|
2,909,906
|
|
|
Project, Capital Appreciation Series 2011A, 0.000%, 11/01/27 (Pre-refunded 11/01/21)
|
|
|
|
|
1,260
|
Davis Redevelopment Agency, California, Tax Allocation Bonds, Davis Redevelopment Project,
|
12/21 at 100.00
|
A+
|
1,431,889
|
|
|
Subordinate Series 2011A, 7.000%, 12/01/36
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 4,000
|
East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water
|
6/24 at 100.00
|
AAA
|
$ 4,423,320
|
|
|
System Revenue Bonds, Series 2014C, 5.000%, 6/01/44
|
|
|
|
|
3,010
|
El Camino Community College District, California, General Obligation Bonds, Election of 2002
|
8/22 at 100.00
|
AA+
|
2,511,755
|
|
|
Series 2012C, 0.000%, 8/01/25
|
|
|
|
|
3,500
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
No Opt. Call
|
AA
|
1,885,625
|
|
|
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
|
1/24 at 100.00
|
A–
|
1,655,720
|
|
6,480
|
6.000%, 1/15/49
|
1/24 at 100.00
|
A–
|
7,399,577
|
|
1,500
|
Gavilan Joint Community College District, Santa Clara and San Benito Counties, California,
|
8/21 at 100.00
|
Aa2 (4)
|
1,654,245
|
|
|
General Obligation Bonds, Election of 2004 Series 2011D, 5.750%, 8/01/35 (Pre-refunded 8/01/21)
|
|
|
|
|
9,930
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
6/25 at 100.00
|
A+
|
10,695,603
|
|
|
Asset-Backed Revenue Bonds, Refunding Series 2015A, 5.000%, 6/01/45
|
|
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement
|
|
|
|
|
|
Asset-Backed Revenue Bonds, Series 2005A:
|
|
|
|
|
1,455
|
0.000%, 6/01/24 – AMBAC Insured
|
No Opt. Call
|
A+
|
1,249,990
|
|
3,500
|
0.000%, 6/01/26 – AGM Insured
|
No Opt. Call
|
AA
|
2,811,620
|
|
4,250
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
N/R
|
4,156,840
|
|
|
Bonds, Series 2018A-1, 5.000%, 6/01/47
|
|
|
|
|
14,945
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
N/R
|
14,617,406
|
|
|
Bonds, Series 2018A-2, 5.000%, 6/01/47
|
|
|
|
|
2,500
|
Huntington Beach Union High School District, Orange County, California, General Obligation
|
No Opt. Call
|
Aa2
|
1,494,050
|
|
|
Bonds, Series 2007, 0.000%, 8/01/32 – FGIC Insured
|
|
|
|
|
9,740
|
Huntington Park Redevelopment Agency, California, Single Family Residential Mortgage Revenue
|
No Opt. Call
|
AA+ (4)
|
10,377,678
|
|
|
Refunding Bonds, Series 1986A, 8.000%, 12/01/19 (ETM)
|
|
|
|
|
5,000
|
Kern Community College District, California, General Obligation Bonds, Safety, Repair &
|
No Opt. Call
|
AA
|
4,259,650
|
|
|
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 Bonds,
|
No Opt. Call
|
A1
|
645,914
|
|
|
Series 2001B, 0.000%, 8/01/31 – NPFG Insured
|
|
|
|
|
90
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
|
5/26 at 100.00
|
AA–
|
97,325
|
|
|
Airport, Subordinate Lien Series 2016A, 5.000%, 5/15/42 (Alternative Minimum Tax)
|
|
|
|
|
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
|
|
|
|
|
|
Airport, Subordinate Lien Series 2016B:
|
|
|
|
|
2,000
|
5.000%, 5/15/41 (Alternative Minimum Tax)
|
5/26 at 100.00
|
AA–
|
2,164,140
|
|
20,015
|
5.000%, 5/15/46 (Alternative Minimum Tax)
|
5/26 at 100.00
|
AA–
|
21,616,600
|
|
4,615
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
|
5/28 at 100.00
|
AA–
|
5,062,240
|
|
|
Airport, Subordinate Lien Series 2018A, 5.000%, 5/15/44 (Alternative Minimum Tax)
|
|
|
|
|
2,665
|
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series
|
1/24 at 100.00
|
AA
|
2,910,127
|
|
|
2014B, 5.000%, 7/01/43
|
|
|
|
|
15,000
|
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2011A,
|
1/21 at 100.00
|
AA+
|
15,833,400
|
|
|
5.000%, 7/01/41
|
|
|
|
|
2,000
|
Los Rios Community College District, Sacramento County, California, General Obligation Bonds,
|
8/19 at 100.00
|
AA (4)
|
2,054,440
|
|
|
Series 2009D, 5.375%, 8/01/34 (Pre-refunded 8/01/19)
|
|
|
|
|
250
|
Lynwood Redevelopment Agency, California, Tax Allocation Revenue Bonds, Project Area A,
|
9/21 at 100.00
|
A
|
281,498
|
|
|
Subordinate Lien Series 2011A, 7.000%, 9/01/31
|
|
|
|
|
500
|
Madera County, California, Certificates of Participation, Children’s Hospital Central
|
3/20 at 100.00
|
AA– (4)
|
523,365
|
|
|
California, Series 2010, 5.375%, 3/15/36 (Pre-refunded 3/15/20)
|
|
|
|
|
6,215
|
Martinez Unified School District, Contra Costa County, California, General Obligation Bonds,
|
8/24 at 100.00
|
AA
|
7,320,213
|
|
|
Series 2011, 5.875%, 8/01/31
|
|
|
|
|
5,955
|
Mount San Antonio Community College District, Los Angeles County, California, General
|
8/35 at 100.00
|
Aa1
|
4,734,999
|
|
|
Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43 (6)
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 2,700
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series
|
No Opt. Call
|
A
|
$ 3,693,114
|
|
|
2009A, 7.000%, 11/01/34
|
|
|
|
|
2,200
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series
|
No Opt. Call
|
A
|
2,946,086
|
|
|
2009C, 6.500%, 11/01/39
|
|
|
|
|
365
|
Natomas Union School District, Sacramento County, California, General Obligation Refunding
|
No Opt. Call
|
A
|
383,224
|
|
|
Bonds, Series 1999, 5.950%, 9/01/21 – NPFG Insured
|
|
|
|
|
14,065
|
Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue Bonds,
|
No Opt. Call
|
Baa2
|
15,764,474
|
|
|
Redevelopment Project 1, Refunding Series 1995, 7.400%, 8/01/25 – NPFG Insured
|
|
|
|
|
3,615
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009,
|
11/19 at 100.00
|
N/R (4)
|
3,792,894
|
|
|
6.750%, 11/01/39 (Pre-refunded 11/01/19)
|
|
|
|
|
890
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
|
11/20 at 100.00
|
Ba1 (4)
|
920,936
|
|
|
5.250%, 11/01/21 (Pre-refunded 11/01/20)
|
|
|
|
|
13,145
|
Perris, California, GNMA Mortgage-Backed Securities Program Single Family Mortgage Revenue
|
No Opt. Call
|
AA+ (4)
|
16,520,110
|
|
|
Bonds, Series 1988B, 8.200%, 9/01/23 (ETM)
|
|
|
|
|
2,500
|
Petaluma, Sonoma County, California, Wastewater Revenue Bonds, Refunding Series 2011, 5.500%,
|
5/21 at 100.00
|
AA (4)
|
2,717,200
|
|
|
5/01/32 (Pre-refunded 5/01/21)
|
|
|
|
|
6,000
|
Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of
|
No Opt. Call
|
A2 (4)
|
3,569,580
|
|
|
Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured (ETM)
|
|
|
|
|
7,825
|
Pomona, California, GNMA/FNMA Collateralized Securities Program Single Family Mortgage Revenue
|
No Opt. Call
|
AA+ (4)
|
8,718,693
|
|
|
Bonds, Series 1990A, 7.600%, 5/01/23 (ETM)
|
|
|
|
|
2,000
|
Poway Unified School District, San Diego County, California, General Obligation Bonds, School
|
No Opt. Call
|
AA–
|
748,120
|
|
|
Facilities Improvement District 2007-1, Series 2011A, 0.000%, 8/01/41
|
|
|
|
|
5,000
|
Rialto Unified School District, San Bernardino County, California, General Obligation Bonds,
|
8/36 at 100.00
|
AA
|
4,693,550
|
|
|
Series 2011A, 0.000%, 8/01/41 – AGM Insured (6)
|
|
|
|
|
5,000
|
Riverside County Asset Leasing Corporation, California, Leasehold Revenue Bonds, Riverside
|
No Opt. Call
|
A1
|
4,062,600
|
|
|
County Hospital Project, Series 1997, 0.000%, 6/01/25 – NPFG Insured
|
|
|
|
|
4,615
|
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project
|
No Opt. Call
|
A
|
1,913,564
|
|
|
Area, Series 2011B, 0.000%, 10/01/38
|
|
|
|
|
330
|
Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, Series
|
6/23 at 100.00
|
BBB
|
359,268
|
|
|
2013A, 5.750%, 6/01/48
|
|
|
|
|
14,900
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco International
|
5/26 at 100.00
|
A+
|
15,986,657
|
|
|
Airport, Second Series 2016B, 5.000%, 5/01/46 (Alternative Minimum Tax)
|
|
|
|
|
11,615
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco International
|
5/27 at 100.00
|
A+
|
12,584,039
|
|
|
Airport, Second Series 2017A, 5.000%, 5/01/42 (Alternative Minimum Tax)
|
|
|
|
|
12,285
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco International
|
5/28 at 100.00
|
A+
|
13,349,004
|
|
|
Airport, Second Series 2018D, 5.000%, 5/01/48 (Alternative Minimum Tax)
|
|
|
|
|
660
|
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,
|
8/19 at 100.00
|
A– (4)
|
683,654
|
|
|
Mission Bay North Redevelopment Project, Series 2009C, 6.500%, 8/01/39 (Pre-refunded 8/01/19)
|
|
|
|
|
2,000
|
San Francisco, California, Community Facilities District 6, Mission Bay South Public
|
8/22 at 29.31
|
N/R
|
509,280
|
|
|
Improvements, Special Tax Refunding Bonds, Series 2013C, 0.000%, 8/01/43
|
|
|
|
|
2,000
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue
|
1/25 at 100.00
|
BBB+
|
2,143,960
|
|
|
Bonds, Refunding Junior Lien Series 2014B, 5.250%, 1/15/44
|
|
|
|
|
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue
|
|
|
|
|
|
Bonds, Refunding Senior Lien Series 2014A:
|
|
|
|
|
15,350
|
5.000%, 1/15/44
|
1/25 at 100.00
|
A–
|
16,375,994
|
|
25,840
|
5.000%, 1/15/50
|
1/25 at 100.00
|
A–
|
27,479,031
|
|
|
San Jose, California, Airport Revenue Bonds, Refunding Series 2017A:
|
|
|
|
|
5,000
|
5.000%, 3/01/41 (Alternative Minimum Tax)
|
3/27 at 100.00
|
A
|
5,447,100
|
|
5,000
|
5.000%, 3/01/47 (Alternative Minimum Tax)
|
3/27 at 100.00
|
A
|
5,428,500
|
|
6,660
|
San Ysidro School District, San Diego County, California, General Obligation Bonds, Refunding
|
No Opt. Call
|
AA
|
1,977,021
|
|
|
Series 2015, 0.000%, 8/01/43
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 880
|
Santee Community Development Commission, California, Santee Redevelopment Project Tax
|
2/21 at 100.00
|
A (4)
|
$ 977,214
|
|
|
Allocation Bonds, Series 2011A, 7.000%, 8/01/31 (Pre-refunded 2/01/21)
|
|
|
|
|
2,460
|
Santee School District, San Diego County, California, General Obligation Bonds, Capital
|
No Opt. Call
|
AA
|
1,385,718
|
|
|
Appreciation, Election 2006, Series 2008D, 0.000%, 8/01/33 – AGC Insured
|
|
|
|
|
5,000
|
Solano Community College District, Solano and Yolo Counties, California, General Obligation
|
8/23 at 100.00
|
AA
|
5,429,950
|
|
|
Bonds, Election 2012 Series 2013A, 5.000%, 8/01/43
|
|
|
|
|
1,145
|
Southern Kern Unified School District, Kern County, California, General Obligation Bonds,
|
No Opt. Call
|
AA
|
739,281
|
|
|
Series 2006C, 0.000%, 11/01/30 – AGM Insured
|
|
|
|
|
1,175
|
Southern Kern Unified School District, Kern County, California, General Obligation Bonds,
|
No Opt. Call
|
AA
|
588,463
|
|
|
Series 2010B, 0.000%, 11/01/35 – AGM Insured
|
|
|
|
|
|
Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds,
|
|
|
|
|
|
Redevelopment Project, Subordinate Lien Series 2011:
|
|
|
|
|
1,000
|
6.375%, 12/01/23 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
A+ (4)
|
1,131,340
|
|
1,000
|
6.500%, 12/01/24 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
A+ (4)
|
1,134,730
|
|
1,000
|
6.625%, 12/01/25 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
A+ (4)
|
1,138,450
|
|
1,325
|
6.750%, 12/01/26 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
A+ (4)
|
1,513,375
|
|
2,410
|
Victor Elementary School District, San Bernardino County, California, General Obligation
|
No Opt. Call
|
Aa3
|
1,894,621
|
|
|
Bonds, Series 2002A, 0.000%, 8/01/26 – FGIC Insured
|
|
|
|
|
2,000
|
West Contra Costa Unified School District, Contra Costa County, California, General Obligation
|
8/21 at 100.00
|
AA– (4)
|
2,165,700
|
|
|
Bonds, Election 2010 Series 2011A, 5.000%, 8/01/41 (Pre-refunded 8/01/21)
|
|
|
|
|
3,750
|
Wiseburn School District, Los Angeles County, California, General Obligation Bonds, Series
|
8/31 at 100.00
|
AA
|
3,198,262
|
|
|
2011B, 0.000%, 8/01/36 – AGM Insured (6)
|
|
|
|
|
4,000
|
Yuba Community College District, California, General Obligation Bonds, Election 2006 Series
|
8/21 at 100.00
|
Aa2 (4)
|
4,358,040
|
|
|
2011C, 5.250%, 8/01/47 (Pre-refunded 8/01/21)
|
|
|
|
|
509,280
|
Total California
|
|
|
502,987,097
|
|
|
Colorado – 10.3% (6.3% of Total Investments)
|
|
|
|
|
3,000
|
Anthem West Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2015,
|
12/25 at 100.00
|
AA
|
3,283,920
|
|
|
5.000%, 12/01/35 – BAM Insured
|
|
|
|
|
4,195
|
Boulder Larimer & Weld Counties School District RE-1J Saint Vrain Valley, Colorado, General
|
12/26 at 100.00
|
AA+
|
4,335,994
|
|
|
Obligation Bonds, Series 2016C, 4.000%, 12/15/34
|
|
|
|
|
1,775
|
Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding &
|
12/22 at 103.00
|
N/R
|
1,871,134
|
|
|
Improvement Series 2017, 5.000%, 12/01/29, 144A
|
|
|
|
|
2,945
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
|
8/23 at 100.00
|
BB+
|
3,299,902
|
|
|
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+
|
1,533,502
|
|
|
Flagstaff Academy Project, Refunding Series 2016, 3.625%, 8/01/46
|
|
|
|
|
500
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Liberty
|
1/24 at 100.00
|
A+
|
521,575
|
|
|
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+
|
1,073,570
|
|
|
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, Weld
|
6/26 at 100.00
|
A+
|
3,210,613
|
|
|
County School District 6 – Frontier Academy, Refunding & Improvement Series 2016,
|
|
|
|
|
|
3.250%, 6/01/46
|
|
|
|
|
1,250
|
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University Corporation
|
No Opt. Call
|
A+
|
1,337,437
|
|
|
for Atmospheric Research Project, Refunding Series 2012A, 4.500%, 9/01/22
|
|
|
|
|
545
|
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University Corporation
|
9/27 at 100.00
|
A+
|
532,656
|
|
|
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
|
AA–
|
1,227,288
|
|
1,600
|
4.000%, 3/01/37
|
3/27 at 100.00
|
AA–
|
1,631,776
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Colorado (continued)
|
|
|
|
|
$ 1,465
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, American Baptist Homes Project,
|
8/19 at 100.00
|
N/R (4)
|
$ 1,526,647
|
|
|
Series 2009A, 7.750%, 8/01/39 (Pre-refunded 8/01/19)
|
|
|
|
|
6,765
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
|
7/19 at 100.00
|
BBB+
|
6,917,483
|
|
|
Series 2009A, 5.500%, 7/01/34
|
|
|
|
|
2,300
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
|
2/21 at 100.00
|
BBB+
|
2,355,798
|
|
|
Series 2011A, 5.000%, 2/01/41
|
|
|
|
|
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
|
|
|
|
|
|
Series 2013A:
|
|
|
|
|
3,020
|
5.250%, 1/01/40
|
1/23 at 100.00
|
BBB+
|
3,178,701
|
|
4,890
|
5.250%, 1/01/45
|
1/23 at 100.00
|
BBB+
|
5,146,969
|
|
4,600
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Neighborhoods
|
1/24 at 102.00
|
N/R
|
4,708,100
|
|
|
Project, Refunding Series 2016, 5.000%, 1/01/37
|
|
|
|
|
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good
|
|
|
|
|
|
Samaritan Society Project, Series 2013A:
|
|
|
|
|
2,670
|
5.000%, 6/01/28
|
6/25 at 100.00
|
A–
|
2,911,715
|
|
6,425
|
5.000%, 6/01/40
|
6/25 at 100.00
|
A–
|
6,770,472
|
|
270
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good
|
6/23 at 100.00
|
BBB
|
290,409
|
|
|
Samaritan Society Project, Series 2013, 5.625%, 6/01/43
|
|
|
|
|
665
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project,
|
5/27 at 100.00
|
N/R
|
703,883
|
|
|
Refunding & Improvement Series 2017A, 5.250%, 5/15/47
|
|
|
|
|
9,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of
|
1/20 at 100.00
|
AA–
|
9,239,490
|
|
|
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
|
|
|
|
|
625
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Total Long-term Care National
|
11/20 at 100.00
|
N/R (4)
|
671,513
|
|
|
Obligated Group Project, Series 2010A, 6.000%, 11/15/30 (Pre-refunded 11/15/20)
|
|
|
|
|
1,075
|
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds,
|
12/24 at 100.00
|
N/R
|
1,137,372
|
|
|
Senior Lien Series 2017, 5.000%, 12/31/47
|
|
|
|
|
2,000
|
Colorado Mesa University, Colorado, Enterprise Revenue Bonds, Series 2012B, 4.250%, 5/15/37
|
5/21 at 100.00
|
Aa2
|
2,019,600
|
|
2,775
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
3/28 at 100.00
|
AA
|
3,089,768
|
|
|
Revenue Bonds, Refunding Series 2017C, 5.000%, 3/01/43
|
|
|
|
|
2,360
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
3/28 at 100.00
|
AA
|
2,330,948
|
|
|
Revenue Bonds, Refunding Series 2017E, 4.000%, 3/01/43
|
|
|
|
|
3,000
|
Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2014, 5.000%, 8/01/44 –
|
8/24 at 100.00
|
AA
|
3,235,530
|
|
|
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
|
AA
|
7,848,923
|
|
|
AGM Insured
|
|
|
|
|
2,000
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 5.000%, 11/15/32
|
11/22 at 100.00
|
AA–
|
2,163,620
|
|
1,100
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013A,
|
11/23 at 100.00
|
A+
|
1,199,297
|
|
|
5.250%, 11/15/43 (Alternative Minimum Tax)
|
|
|
|
|
4,515
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B,
|
11/23 at 100.00
|
A+
|
4,909,882
|
|
|
5.000%, 11/15/43
|
|
|
|
|
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A:
|
|
|
|
|
17,960
|
5.000%, 12/01/43 (Alternative Minimum Tax)
|
12/28 at 100.00
|
A+
|
19,561,852
|
|
29,230
|
5.000%, 12/01/48 (Alternative Minimum Tax)
|
12/28 at 100.00
|
A+
|
31,710,166
|
|
1,820
|
Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Refunding & Improvement Series
|
8/26 at 100.00
|
AA
|
1,816,888
|
|
|
2016A, 4.000%, 8/01/46
|
|
|
|
|
6,405
|
Denver City and County, Colorado, Special Facilities Airport Revenue Bonds, United Airlines,
|
10/23 at 100.00
|
BB
|
6,731,719
|
|
|
Inc. Project, Refunding Series 2017, 5.000%, 10/01/32 (Alternative Minimum Tax)
|
|
|
|
|
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel,
|
|
|
|
|
|
Refunding Senior Lien Series 2016:
|
|
|
|
|
2,955
|
5.000%, 12/01/28
|
12/26 at 100.00
|
Baa2
|
3,238,414
|
|
2,000
|
5.000%, 12/01/29
|
12/26 at 100.00
|
Baa2
|
2,181,560
|
|
2,635
|
5.000%, 12/01/35
|
12/26 at 100.00
|
Baa2
|
2,823,244
|
|
1,605
|
5.000%, 12/01/40
|
12/26 at 100.00
|
Baa2
|
1,688,781
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Colorado (continued)
|
|
|
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Capital Appreciation
|
|
|
|
|
|
Series 2010A:
|
|
|
|
|
$ 385
|
0.000%, 9/01/35
|
No Opt. Call
|
A
|
$ 193,809
|
|
150
|
0.000%, 9/01/37
|
No Opt. Call
|
A
|
69,084
|
|
75
|
0.000%, 9/01/38
|
No Opt. Call
|
A
|
32,892
|
|
20
|
0.000%, 9/01/39
|
No Opt. Call
|
A
|
8,380
|
|
110
|
0.000%, 9/01/41
|
No Opt. Call
|
A
|
42,019
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B:
|
|
|
|
|
1,420
|
0.000%, 9/01/23 – NPFG Insured
|
No Opt. Call
|
A
|
1,243,295
|
|
18,380
|
0.000%, 9/01/25 – NPFG Insured
|
No Opt. Call
|
A
|
14,826,778
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:
|
|
|
|
|
1,045
|
0.000%, 9/01/29 – NPFG Insured
|
No Opt. Call
|
A
|
694,371
|
|
2,175
|
0.000%, 9/01/30 – NPFG Insured
|
No Opt. Call
|
A
|
1,374,034
|
|
25,050
|
0.000%, 9/01/31 – NPFG Insured
|
No Opt. Call
|
A
|
15,146,232
|
|
23,305
|
0.000%, 9/01/32 – NPFG Insured
|
No Opt. Call
|
A
|
13,475,883
|
|
100
|
0.000%, 9/01/33 – NPFG Insured
|
No Opt. Call
|
A
|
55,096
|
|
12,500
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2006A, 0.000%,
|
9/26 at 54.77
|
A
|
5,001,625
|
|
|
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
|
268,495
|
|
60,000
|
0.000%, 3/01/36 – NPFG Insured
|
No Opt. Call
|
A
|
29,494,200
|
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B:
|
|
|
|
|
345
|
0.000%, 9/01/28 – NPFG Insured
|
9/20 at 63.98
|
A
|
208,587
|
|
13,000
|
0.000%, 9/01/34 – NPFG Insured
|
9/20 at 45.40
|
A
|
5,546,320
|
|
14,500
|
0.000%, 3/01/36 – NPFG Insured
|
9/20 at 41.72
|
A
|
5,680,375
|
|
500
|
Eagle County Air Terminal Corporation, Colorado, Airport Terminal Project Revenue Bonds,
|
5/21 at 100.00
|
Baa2
|
535,215
|
|
|
Refunding Series 2011A, 5.500%, 5/01/22 (Alternative Minimum Tax)
|
|
|
|
|
1,860
|
Metropolitan State University of Denver, Colorado, Institutional Enterprise Revenue Bonds,
|
12/25 at 100.00
|
Aa2
|
1,869,077
|
|
|
Aerospace and Engineering Sciences Building Project, Series 2016, 4.000%, 12/01/40
|
|
|
|
|
|
Park 70 Metropolitan District, City of Aurora, Colorado, General Obligation Refunding and
|
|
|
|
|
|
Improvement Bonds, Series 2016:
|
|
|
|
|
1,565
|
5.000%, 12/01/36
|
12/26 at 100.00
|
Baa3
|
1,618,539
|
|
2,100
|
5.000%, 12/01/46
|
12/26 at 100.00
|
Baa3
|
2,153,235
|
|
3,000
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
|
12/19 at 100.00
|
AA (4)
|
3,135,570
|
|
|
Bonds, Refunding Series 2009, 6.250%, 12/01/30 (Pre-refunded 12/01/19) – AGC Insured
|
|
|
|
|
6,705
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
|
12/25 at 100.00
|
N/R
|
7,076,591
|
|
|
Bonds, Refunding Series 2015A, 5.000%, 12/01/45
|
|
|
|
|
5,715
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
|
12/20 at 100.00
|
AA (4)
|
6,174,715
|
|
|
Refunding Bonds, Series 2011, 6.125%, 12/01/41 (Pre-refunded 12/01/20) – AGM Insured
|
|
|
|
|
700
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs
|
No Opt. Call
|
A+
|
921,172
|
|
|
Utilities, Series 2008, 6.500%, 11/15/38
|
|
|
|
|
|
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private
|
|
|
|
|
|
Activity Bonds, Series 2010:
|
|
|
|
|
2,500
|
6.500%, 1/15/30
|
7/20 at 100.00
|
BBB+
|
2,621,075
|
|
3,115
|
6.000%, 1/15/34
|
7/20 at 100.00
|
BBB+
|
3,224,150
|
|
2,615
|
6.000%, 1/15/41
|
7/20 at 100.00
|
BBB+
|
2,703,570
|
|
1,000
|
Sierra Ridge Metropolitan District 2, Douglas County, Colorado, General Obligation Bonds,
|
12/21 at 103.00
|
N/R
|
1,007,650
|
|
|
Limited Tax Series 2016A, 5.500%, 12/01/46
|
|
|
|
|
750
|
Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General
|
12/26 at 100.00
|
AA
|
808,305
|
|
|
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
|
AA
|
1,149,929
|
|
1,000
|
4.125%, 12/01/37 – BAM Insured
|
12/26 at 100.00
|
AA
|
1,005,100
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Colorado (continued)
|
|
|
|
|
$ 2,000
|
Vista Ridge Metropolitan District, In the Town of Erie, Weld County, Colorado, General
|
12/26 at 100.00
|
AA
|
$ 2,004,060
|
|
|
Obligation Refunding Bonds, Series 2016A, 4.000%, 12/01/36 – BAM Insured
|
|
|
|
|
1,775
|
Waterview I Metropolitan District, El Paso County, Colorado, Limited Tax General Obligation
|
12/26 at 100.00
|
A–
|
1,901,540
|
|
|
Bonds, Series 2016, 5.000%, 12/01/41
|
|
|
|
|
367,915
|
Total Colorado
|
|
|
299,239,079
|
|
|
Connecticut – 1.4% (0.9% of Total Investments)
|
|
|
|
|
3,430
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart
|
7/22 at 100.00
|
AA (4)
|
3,758,594
|
|
|
University, Series 2012H, 5.000%, 7/01/24 (Pre-refunded 7/01/22) – AGM Insured
|
|
|
|
|
|
Connecticut Municipal Electric Energy Cooperative, Power Supply System Revenue Bonds, Tender
|
|
|
|
|
|
Option Bond Trust 2016-XG0059:
|
|
|
|
|
1,295
|
12.666%, 1/01/32, 144A (IF), (5)
|
1/23 at 100.00
|
A+
|
1,719,462
|
|
190
|
12.564%, 1/01/38, 144A (IF), (5)
|
1/23 at 100.00
|
A+
|
248,009
|
|
|
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes
|
|
|
|
|
|
Series 2018A:
|
|
|
|
|
14,775
|
5.000%, 1/01/34
|
1/28 at 100.00
|
AA
|
16,099,727
|
|
6,410
|
5.000%, 1/01/37
|
1/28 at 100.00
|
AA
|
6,928,056
|
|
6,000
|
5.000%, 1/01/38
|
1/28 at 100.00
|
AA
|
6,475,320
|
|
2,500
|
Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue
|
4/20 at 100.00
|
N/R (4)
|
2,697,825
|
|
|
Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39 (Pre-refunded 4/01/20)
|
|
|
|
|
3,565
|
Hartford County Metropolitan District, Connecticut, Clean Water Project Revenue Bonds, Series
|
4/22 at 100.00
|
Aa2
|
3,506,213
|
|
|
2013A, 4.000%, 4/01/39
|
|
|
|
|
4,899
|
Mashantucket Western Pequot Tribe, Connecticut, Special Revenue Bonds, Subordinate Series
|
No Opt. Call
|
N/R
|
172,430
|
|
|
2013A, 4.000%, 7/01/31 (cash 4.000%, PIK 2.050%) (7)
|
|
|
|
|
43,064
|
Total Connecticut
|
|
|
41,605,636
|
|
|
Delaware – 0.3% (0.2% of Total Investments)
|
|
|
|
|
7,255
|
Delaware Transportation Authority, Revenue Bonds, US 301 Project, Series 2015, 5.000%, 6/01/55
|
6/25 at 100.00
|
AA–
|
7,801,156
|
|
|
District of Columbia – 1.7% (1.1% of Total Investments)
|
|
|
|
|
1,060
|
District of Columbia Housing Finance Agency, GNMA Collateralized Single Family Mortgage
|
12/18 at 100.00
|
AA+
|
1,062,544
|
|
|
Revenue Bonds, Series 1988E-4, 6.375%, 6/01/26 (Alternative Minimum Tax)
|
|
|
|
|
4,365
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds,
|
No Opt. Call
|
A–
|
4,770,290
|
|
|
Series 2001, 6.500%, 5/15/33
|
|
|
|
|
21,000
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds,
|
12/18 at 100.00
|
N/R
|
3,233,580
|
|
|
Series 2006A, 0.000%, 6/15/46
|
|
|
|
|
23,745
|
District of Columbia Water and Sewerage Authority, Public Utility Revenue Bonds, Series 1998,
|
No Opt. Call
|
AA
|
25,914,581
|
|
|
5.500%, 10/01/23 – AGM Insured (UB)
|
|
|
|
|
|
District of Columbia, General Obligation Bonds, Series 1998B:
|
|
|
|
|
5,000
|
6.000%, 6/01/19 – NPFG Insured
|
No Opt. Call
|
Aaa
|
5,117,700
|
|
9,505
|
6.000%, 6/01/20 – NPFG Insured
|
No Opt. Call
|
Aaa
|
10,085,755
|
|
64,675
|
Total District of Columbia
|
|
|
50,184,450
|
|
|
Florida – 9.5% (5.8% of Total Investments)
|
|
|
|
|
1,480
|
Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing Project,
|
11/23 at 100.00
|
BBB
|
1,547,562
|
|
|
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
|
458,469
|
|
875
|
5.000%, 9/01/48
|
9/23 at 100.00
|
BBB
|
890,330
|
|
1,000
|
Brevard County Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Health
|
4/19 at 100.00
|
A2 (4)
|
1,020,810
|
|
|
First, Inc. Project, Series 2009B, 7.000%, 4/01/39 (Pre-refunded 4/01/19)
|
|
|
|
|
7,500
|
Broward County, Florida, Airport System Revenue Bonds, Series 2015A, 5.000%, 10/01/45
|
10/25 at 100.00
|
A+
|
8,047,200
|
|
|
(Alternative Minimum Tax)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
$ 4,315
|
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41
|
10/21 at 100.00
|
AA (4)
|
$ 4,659,208
|
|
|
(Pre-refunded 10/01/21) – AGM Insured
|
|
|
|
|
100
|
Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance
|
6/22 at 100.00
|
N/R
|
102,578
|
|
|
Charter School, Inc. Projects, Series 2012A, 6.125%, 6/15/43, 144A
|
|
|
|
|
4,165
|
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern
|
4/22 at 100.00
|
A–
|
4,379,331
|
|
|
University Project, Refunding Series 2012A, 5.000%, 4/01/32
|
|
|
|
|
1,150
|
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern
|
4/21 at 100.00
|
A–
|
1,238,573
|
|
|
University, Refunding Series 2011, 6.375%, 4/01/31
|
|
|
|
|
2,000
|
Florida Ports Financing Commission, Revenue Bonds, State Transportation Trust Fund-Intermodal
|
10/21 at 100.00
|
AA+
|
2,160,000
|
|
|
Program, Refunding Series 2011B, 5.375%, 10/01/29 (Alternative Minimum Tax)
|
|
|
|
|
7,050
|
Florida, Development Finance Corporation, Surface Transportation Facility Revenue Bonds,
|
1/19 at 105.00
|
N/R
|
7,295,904
|
|
|
Brightline Passenger Rail Project – South Segment, Series 2017, 5.625%, 1/01/47, 144A
|
|
|
|
|
|
(Alternative Minimum Tax)
|
|
|
|
|
2,500
|
Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Refunding
|
10/19 at 100.00
|
AA– (4)
|
2,568,925
|
|
|
Series 2009C, 5.000%, 10/01/34 (Pre-refunded 10/01/19)
|
|
|
|
|
|
Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds,
|
|
|
|
|
|
Priority Subordinated Series 2017:
|
|
|
|
|
31,985
|
5.000%, 10/01/47 (Alternative Minimum Tax)
|
10/27 at 100.00
|
A+
|
34,337,497
|
|
8,565
|
5.000%, 10/01/52 (Alternative Minimum Tax)
|
10/27 at 100.00
|
A+
|
9,161,809
|
|
3,890
|
Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Series
|
10/26 at 100.00
|
AA–
|
4,184,317
|
|
|
2016A, 5.000%, 10/01/40 (Alternative Minimum Tax)
|
|
|
|
|
6,020
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport,
|
10/24 at 100.00
|
A+
|
6,392,638
|
|
|
Senior Lien Series 2015A, 5.000%, 10/01/44 (Alternative Minimum Tax)
|
|
|
|
|
5,000
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport,
|
10/28 at 100.00
|
AA–
|
5,422,300
|
|
|
Series 2018E, 5.000%, 10/01/48 (WI/DD, Settling 11/07/18) (Alternative Minimum Tax)
|
|
|
|
|
2,290
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport,
|
10/24 at 100.00
|
A+
|
2,461,865
|
|
|
Subordinate Lien Series 2015B, 5.000%, 10/01/40
|
|
|
|
|
10,305
|
Hillsborough County Aviation Authority, Florida, Tampa International Airport Customer Facility
|
10/24 at 100.00
|
A
|
11,027,380
|
|
|
Charge Revenue Bonds, Series 2015A, 5.000%, 10/01/44
|
|
|
|
|
5,000
|
Hillsborough County Port District, Florida, Revenue Bonds, Tampa Port Authority Project,
|
6/28 at 100.00
|
N/R
|
5,349,300
|
|
|
Series 2018B, 5.000%, 6/01/46 (Alternative Minimum Tax)
|
|
|
|
|
|
JEA, Florida, Water and Sewer System Revenue Bonds, Series 2010D:
|
|
|
|
|
5,310
|
5.000%, 10/01/39 (Pre-refunded 4/01/20)
|
4/20 at 100.00
|
N/R (4)
|
5,518,789
|
|
2,690
|
5.000%, 10/01/39
|
4/20 at 100.00
|
AAA
|
2,778,232
|
|
5,075
|
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015,
|
11/24 at 100.00
|
A2
|
5,468,718
|
|
|
5.000%, 11/15/35
|
|
|
|
|
1,500
|
Martin County Industrial Development Authority, Florida, Industrial Development Revenue
|
6/20 at 100.00
|
BBB+
|
1,529,475
|
|
|
Refunding Bonds, Indiantown Cogeneration LP, Series 2013, 3.950%, 12/15/21, 144A
|
|
|
|
|
|
(Alternative Minimum Tax)
|
|
|
|
|
9,820
|
Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic
|
2/24 at 100.00
|
AA
|
10,781,574
|
|
|
Convention Village, Series 2015A, 5.000%, 2/01/44 – AGM Insured
|
|
|
|
|
2,000
|
Miami Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Miami Jewish
|
7/27 at 100.00
|
N/R
|
2,146,600
|
|
|
Health System Inc. Project, Series 2017, 5.125%, 7/01/46
|
|
|
|
|
2,930
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of
|
4/23 at 100.00
|
A–
|
3,134,192
|
|
|
Miami, Series 2012A, 5.000%, 4/01/42
|
|
|
|
|
8,070
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of
|
4/25 at 100.00
|
A–
|
8,692,520
|
|
|
Miami, Series 2015A, 5.000%, 4/01/45
|
|
|
|
|
12,000
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of
|
4/28 at 100.00
|
A–
|
12,923,520
|
|
|
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+
|
1,618,905
|
|
|
Children’s Hospital, Refunding Series 2017, 5.000%, 8/01/42
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
$ 1,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding
|
10/22 at 100.00
|
A
|
$ 1,072,170
|
|
|
Series 2012A, 5.000%, 10/01/29 (Alternative Minimum Tax)
|
|
|
|
|
1,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding
|
10/24 at 100.00
|
A
|
1,087,830
|
|
|
Series 2014B, 5.000%, 10/01/37
|
|
|
|
|
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010B:
|
|
|
|
|
4,000
|
5.000%, 10/01/28
|
10/20 at 100.00
|
A
|
4,189,480
|
|
7,890
|
5.000%, 10/01/41
|
10/20 at 100.00
|
A
|
8,241,105
|
|
5,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2014A, 5.000%, 10/01/35
|
10/24 at 100.00
|
A
|
5,397,350
|
|
|
(Alternative Minimum Tax)
|
|
|
|
|
3,410
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/38
|
10/25 at 100.00
|
A
|
3,673,832
|
|
|
(Alternative Minimum Tax)
|
|
|
|
|
2,865
|
Miami-Dade County, Florida, Special Obligation Bonds, Refunding Subordinate Series 2012B,
|
10/22 at 100.00
|
A+
|
3,075,033
|
|
|
5.000%, 10/01/37
|
|
|
|
|
|
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Refunding Series 2012:
|
|
|
|
|
3,000
|
5.000%, 7/01/42
|
7/22 at 100.00
|
AA
|
3,204,450
|
|
2,050
|
5.000%, 7/01/42 – AGM Insured
|
7/22 at 100.00
|
AA
|
2,202,971
|
|
1,000
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2010, 5.000%,
|
10/20 at 100.00
|
AA (4)
|
1,054,300
|
|
|
10/01/39 (Pre-refunded 10/01/20) – AGM Insured
|
|
|
|
|
12,370
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A,
|
10/22 at 100.00
|
Aa3
|
13,267,443
|
|
|
5.000%, 10/01/42
|
|
|
|
|
4,000
|
North Sumter County Utility Dependent District, Florida, Utility Revenue Bonds, Series 2010,
|
10/20 at 100.00
|
AA
|
4,213,520
|
|
|
5.375%, 10/01/40
|
|
|
|
|
1,665
|
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health,
|
10/19 at 100.00
|
A+
|
1,710,171
|
|
|
Inc., Series 2009, 5.125%, 10/01/26
|
|
|
|
|
115
|
Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Sinai Residences of
|
6/22 at 102.00
|
N/R
|
129,180
|
|
|
Boca Raton Project, Series 2014A, 7.250%, 6/01/34
|
|
|
|
|
4,635
|
Port Saint Lucie, Florida, Public Service Tax Revenue Bonds, Recovery Zone Facility Bond
|
9/24 at 100.00
|
AA–
|
5,135,163
|
|
|
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–
|
10,952,671
|
|
|
Electric Cooperative, Inc. Project, Refunding Series 2018B, 5.000%, 3/15/42
|
|
|
|
|
|
South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health
|
|
|
|
|
|
Systems of South Florida Obligated Group, Series 2017:
|
|
|
|
|
5,770
|
5.000%, 8/15/42
|
8/27 at 100.00
|
AA–
|
6,314,400
|
|
6,040
|
5.000%, 8/15/47
|
8/27 at 100.00
|
AA–
|
6,586,197
|
|
705
|
Southeast Overtown/Park West Community Redevelopment Agency, Florida, Tax Increment
|
3/24 at 100.00
|
BBB+
|
757,762
|
|
|
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–
|
1,586,610
|
|
|
Florida Health Alliance Projects, Series 2014A, 5.250%, 7/01/44
|
|
|
|
|
700
|
Tampa, Florida, Cigarette Tax Allocation Bonds, H. Lee Moffitt Cancer Center Project,
|
9/22 at 100.00
|
A+
|
757,393
|
|
|
Refunding & Capital Improvement Series 2012A, 5.000%, 9/01/29
|
|
|
|
|
14,610
|
Tampa-Hillsborough County Expressway Authority, Florida, Revenue Bonds, Refunding Series
|
7/22 at 100.00
|
A+ (4)
|
15,982,609
|
|
|
2012B, 5.000%, 7/01/42 (Pre-refunded 7/01/22)
|
|
|
|
|
195
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible,
|
5/19 at 100.00
|
N/R
|
189,599
|
|
|
Capital Appreciation, Series 2012A-3, 0.000%, 5/01/40 (6)
|
|
|
|
|
85
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible,
|
5/22 at 100.00
|
N/R
|
69,171
|
|
|
Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (6)
|
|
|
|
|
120
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series
|
1/19 at 100.00
|
N/R
|
1
|
|
|
2007-3, 6.650%, 5/01/40 (7)
|
|
|
|
|
10
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Non Performing
|
1/19 at 100.00
|
N/R
|
9,561
|
|
|
Parcel Series 2007-1. RMKT, 6.650%, 5/01/40
|
|
|
|
|
290
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series
|
1/19 at 100.00
|
N/R
|
230,968
|
|
|
2015-1, 0.000%, 5/01/40 (7)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
$ 180
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series
|
1/19 at 100.00
|
N/R
|
$ 117,949
|
|
|
2015-2, 0.000%, 5/01/40 (7)
|
|
|
|
|
195
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series
|
1/19 at 100.00
|
N/R
|
2
|
|
|
2015-3, 6.610%, 5/01/40 (7)
|
|
|
|
|
945
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
|
1/19 at 100.00
|
N/R
|
945,794
|
|
|
5.400%, 5/01/37
|
|
|
|
|
6,510
|
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson University
|
6/25 at 100.00
|
A–
|
7,067,386
|
|
|
Inc. Project, Series 2015, 5.000%, 6/01/45
|
|
|
|
|
258,485
|
Total Florida
|
|
|
276,520,592
|
|
|
Georgia – 1.6% (1.0% of Total Investments)
|
|
|
|
|
1,820
|
Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project,
|
7/25 at 100.00
|
Aa3
|
2,020,327
|
|
|
Senior Lien Series 2015A-1, 5.250%, 7/01/40
|
|
|
|
|
805
|
Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008A. Remarketed, 7.500%,
|
1/19 at 100.00
|
A2 (4)
|
812,422
|
|
|
1/01/31 (Pre-refunded 1/01/19)
|
|
|
|
|
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B:
|
|
|
|
|
985
|
5.250%, 11/01/34 (Pre-refunded 11/01/19) – AGM Insured
|
11/19 at 100.00
|
AA (4)
|
1,017,042
|
|
525
|
5.250%, 11/01/34 – AGM Insured
|
11/19 at 100.00
|
AA
|
540,551
|
|
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2015:
|
|
|
|
|
3,065
|
5.000%, 11/01/31
|
5/25 at 100.00
|
Aa2
|
3,428,264
|
|
5,000
|
5.000%, 11/01/32
|
5/25 at 100.00
|
Aa2
|
5,580,100
|
|
1,760
|
Dalton Development Authority, Georgia, Revenue Certificates, Hamilton Health Care System Inc.,
|
No Opt. Call
|
Baa2
|
1,940,858
|
|
|
Series 1996, 5.500%, 8/15/26 – NPFG Insured
|
|
|
|
|
2,000
|
Fulton County Development Authority, Georgia, Hospital Revenue Bonds, Wellstar Health System,
|
4/27 at 100.00
|
A
|
2,118,160
|
|
|
Inc. Project, Series 2017A, 5.000%, 4/01/47
|
|
|
|
|
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
|
|
|
|
|
Northeast Georgia Health Services Inc., Series 2010A:
|
|
|
|
|
590
|
5.000%, 2/15/30
|
2/20 at 100.00
|
A
|
608,762
|
|
1,910
|
5.000%, 2/15/30 (Pre-refunded 2/15/20)
|
2/20 at 100.00
|
N/R (4)
|
1,977,881
|
|
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
|
|
|
|
|
Northeast Georgia Health Services Inc., Series 2010B:
|
|
|
|
|
710
|
5.250%, 2/15/37
|
2/20 at 100.00
|
AA–
|
732,890
|
|
2,290
|
5.250%, 2/15/37 (Pre-refunded 2/15/20)
|
2/20 at 100.00
|
N/R (4)
|
2,378,600
|
|
10,260
|
Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project J Bonds, Series 2015A,
|
7/25 at 100.00
|
A
|
10,422,005
|
|
|
5.000%, 7/01/60
|
|
|
|
|
1,000
|
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B, 5.000%, 3/15/20
|
No Opt. Call
|
A+
|
1,033,830
|
|
825
|
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Refunding
|
No Opt. Call
|
N/R (4)
|
860,343
|
|
|
Series 1992P, 6.250%, 7/01/20 – AMBAC Insured (ETM)
|
|
|
|
|
3,265
|
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Third
|
7/26 at 100.00
|
AA+
|
3,612,396
|
|
|
Indenture, Series 2015B, 5.000%, 7/01/41
|
|
|
|
|
5,000
|
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University,
|
10/26 at 100.00
|
AA+
|
5,547,200
|
|
|
Refunding Series 2016A, 5.000%, 10/01/46
|
|
|
|
|
1,220
|
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series
|
10/21 at 100.00
|
Baa2
|
1,292,163
|
|
|
2012A, 5.250%, 10/01/27
|
|
|
|
|
1,425
|
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia
|
10/21 at 100.00
|
Aa2
|
1,505,142
|
|
|
Medical Center Project, Series 2011B, 5.000%, 10/01/41
|
|
|
|
|
44,455
|
Total Georgia
|
|
|
47,428,936
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Guam – 0.1% (0.1% of Total Investments)
|
|
|
|
|
$ 765
|
Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.000%, 1/01/31
|
1/22 at 100.00
|
A
|
$ 791,393
|
|
1,770
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds,
|
7/20 at 100.00
|
A– (4)
|
1,870,253
|
|
|
Series 2010, 5.625%, 7/01/40 (Pre-refunded 7/01/20)
|
|
|
|
|
1,220
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds,
|
7/23 at 100.00
|
A–
|
1,289,113
|
|
|
Series 2013, 5.500%, 7/01/43
|
|
|
|
|
3,755
|
Total Guam
|
|
|
3,950,759
|
|
|
Hawaii – 1.8% (1.1% of Total Investments)
|
|
|
|
|
13,000
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific Health
|
7/23 at 100.00
|
AA–
|
14,196,910
|
|
|
Obligated Group, Series 2013A, 5.500%, 7/01/43
|
|
|
|
|
6,000
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric
|
3/27 at 100.00
|
A–
|
5,692,620
|
|
|
Company, Inc. and Subsidiary Projects, Refunding Series 2017B, 4.000%, 3/01/37 (Alternative
|
|
|
|
|
|
Minimum Tax)
|
|
|
|
|
4,500
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric
|
No Opt. Call
|
A–
|
4,390,920
|
|
|
Company, Inc. and Subsidiary Projects, Series 2017A, 3.100%, 5/01/26 (Alternative Minimum Tax)
|
|
|
|
|
11,205
|
Hawaii State, Airport System Revenue Bonds, Series 2015A, 5.000%, 7/01/45 (Alternative
|
7/25 at 100.00
|
AA–
|
12,147,228
|
|
|
Minimum Tax)
|
|
|
|
|
10,000
|
Hawaii State, Airport System Revenue Bonds, Series 2018A, 5.000%, 7/01/48 (Alternative
|
7/28 at 100.00
|
AA–
|
10,852,900
|
|
|
Minimum Tax)
|
|
|
|
|
5,000
|
Hawaii State, General Obligation Bonds, Series 2017FK, 4.000%, 5/01/35
|
5/27 at 100.00
|
AA+
|
5,137,900
|
|
49,705
|
Total Hawaii
|
|
|
52,418,478
|
|
|
Idaho – 0.8% (0.5% of Total Investments)
|
|
|
|
|
5,000
|
Idaho Health Facilities Authority, Hospital Revenue Bonds, CHE Trinity Health Group, Series
|
12/27 at 100.00
|
AA–
|
5,385,300
|
|
|
2017A, 5.000%, 12/01/47
|
|
|
|
|
11,205
|
Idaho Health Facilities Authority, Hospital Revenue Bonds, CHE Trinity Health Group, Series
|
6/27 at 100.00
|
AA–
|
12,036,971
|
|
|
2017ID, 5.000%, 12/01/46
|
|
|
|
|
|
Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project, Refunding
|
|
|
|
|
|
Series 2016:
|
|
|
|
|
1,795
|
5.000%, 9/01/23
|
No Opt. Call
|
BB+
|
1,913,632
|
|
1,700
|
5.000%, 9/01/29
|
9/26 at 100.00
|
BB+
|
1,806,182
|
|
|
Idaho Water Resource Board, Water Resource Loan Program Revenue, Ground Water Rights
|
|
|
|
|
|
Mitigation Series 2012A:
|
|
|
|
|
1,155
|
4.750%, 9/01/26
|
9/22 at 100.00
|
A3
|
1,239,708
|
|
310
|
5.000%, 9/01/32
|
9/22 at 100.00
|
A3
|
334,013
|
|
21,165
|
Total Idaho
|
|
|
22,715,806
|
|
|
Illinois – 19.1% (11.8% of Total Investments)
|
|
|
|
|
|
Bensenville, Illinois, General Obligation Bonds, Series 2011A:
|
|
|
|
|
1,055
|
5.000%, 12/15/30 – AGM Insured
|
12/21 at 100.00
|
AA
|
1,106,758
|
|
1,945
|
5.000%, 12/15/30 (Pre-refunded 12/15/21) – AGM Insured
|
12/21 at 100.00
|
AA (4)
|
2,107,660
|
|
6,000
|
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series
|
4/27 at 100.00
|
A
|
6,856,860
|
|
|
2016, 6.000%, 4/01/46
|
|
|
|
|
1,470
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series
|
12/21 at 100.00
|
BB–
|
1,461,974
|
|
|
2011A, 5.000%, 12/01/41
|
|
|
|
|
9,250
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series
|
12/25 at 100.00
|
B+
|
10,482,655
|
|
|
2016A, 7.000%, 12/01/44
|
|
|
|
|
2,400
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series
|
12/26 at 100.00
|
B+
|
2,687,544
|
|
|
2016B, 6.500%, 12/01/46
|
|
|
|
|
11,295
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series
|
12/27 at 100.00
|
B+
|
13,187,590
|
|
|
2017A, 7.000%, 12/01/46, 144A
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax
|
|
|
|
|
|
Revenues, Series 1998B-1:
|
|
|
|
|
$ 10,000
|
0.000%, 12/01/20 – FGIC Insured
|
No Opt. Call
|
Baa2
|
$ 9,389,600
|
|
10,130
|
0.000%, 12/01/24 – FGIC Insured
|
No Opt. Call
|
Baa2
|
7,947,795
|
|
7,140
|
0.000%, 12/01/25 – FGIC Insured
|
No Opt. Call
|
Baa2
|
5,315,944
|
|
4,325
|
0.000%, 12/01/29 – FGIC Insured
|
No Opt. Call
|
Baa2
|
2,598,849
|
|
4,235
|
0.000%, 12/01/31 – FGIC Insured
|
No Opt. Call
|
Baa2
|
2,285,926
|
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax
|
|
|
|
|
|
Revenues, Series 1999A:
|
|
|
|
|
15,000
|
0.000%, 12/01/21 – FGIC Insured
|
No Opt. Call
|
Baa2
|
13,565,400
|
|
10,000
|
0.000%, 12/01/23 – FGIC Insured
|
No Opt. Call
|
Baa2
|
8,251,000
|
|
8,845
|
5.500%, 12/01/26 – FGIC Insured
|
No Opt. Call
|
Baa2
|
9,511,825
|
|
7,900
|
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011,
|
12/21 at 100.00
|
AA
|
8,300,214
|
|
|
5.250%, 12/01/40
|
|
|
|
|
1,880
|
Chicago, Illinois, Certificates of Participation Tax Increment Revenue Notes,
|
12/18 at 100.00
|
Ba3
|
1,879,947
|
|
|
Fullerton/Milwaukee Redevelopment Project, Series 2011A, 6.830%, 3/15/24
|
|
|
|
|
|
Chicago, Illinois, FHA/GNMA Multifamily Housing Revenue Bonds, Archer Court Apartments,
|
|
|
|
|
|
Series 1999A:
|
|
|
|
|
130
|
5.500%, 12/20/19 (Alternative Minimum Tax)
|
4/19 at 100.00
|
N/R
|
130,295
|
|
1,210
|
5.600%, 12/20/29 (Alternative Minimum Tax)
|
4/19 at 100.00
|
AA–
|
1,211,658
|
|
1,925
|
5.650%, 12/20/40 (Alternative Minimum Tax)
|
4/19 at 100.00
|
AA–
|
1,926,964
|
|
2,245
|
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Senior Lien
|
1/25 at 100.00
|
A
|
2,391,688
|
|
|
Series 2015C, 5.000%, 1/01/46 (Alternative Minimum Tax)
|
|
|
|
|
|
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Senior Lien
|
|
|
|
|
|
Series 2017D:
|
|
|
|
|
10,000
|
5.000%, 1/01/42 (Alternative Minimum Tax)
|
1/27 at 100.00
|
A
|
10,611,400
|
|
3,000
|
5.000%, 1/01/47 (Alternative Minimum Tax)
|
1/27 at 100.00
|
A
|
3,172,770
|
|
|
Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999:
|
|
|
|
|
4,115
|
0.000%, 1/01/33 – FGIC Insured
|
No Opt. Call
|
BBB+
|
2,101,819
|
|
29,600
|
0.000%, 1/01/38 – FGIC Insured
|
No Opt. Call
|
BBB+
|
11,424,416
|
|
11,675
|
Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, 6.000%, 1/01/38
|
1/27 at 100.00
|
BBB+
|
12,977,580
|
|
22,750
|
Chicago, Illinois, General Obligation Refunding Bonds, Emergency Telephone System, Series
|
No Opt. Call
|
BBB+
|
24,136,157
|
|
|
1999, 5.500%, 1/01/23 – FGIC Insured
|
|
|
|
|
6,280
|
Chicago, Illinois, Sales Tax Revenue Bonds, Series 2011A, 5.000%, 1/01/41
|
1/22 at 100.00
|
N/R (4)
|
6,800,361
|
|
|
(Pre-refunded 1/01/22)
|
|
|
|
|
6,410
|
Chicago, Illinois, Wastewater Transmission Revenue Bonds, Second Lien Series 2001A, 5.500%,
|
No Opt. Call
|
A
|
7,096,191
|
|
|
1/01/30 – NPFG Insured
|
|
|
|
|
1,500
|
Chicago, Illinois, Water Revenue Bonds, Senior Lien Series 2001, 5.750%, 11/01/30 –
|
No Opt. Call
|
Baa2
|
1,671,000
|
|
|
AMBAC Insured
|
|
|
|
|
4,500
|
Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago City
|
12/27 at 100.00
|
AA
|
4,710,465
|
|
|
Colleges, Series 2017, 5.000%, 12/01/47 – BAM Insured
|
|
|
|
|
13,310
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2010A, 5.250%, 11/15/33
|
11/20 at 100.00
|
AA–
|
13,854,246
|
|
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2018:
|
|
|
|
|
4,800
|
5.000%, 11/15/34
|
11/26 at 100.00
|
AA–
|
5,226,816
|
|
3,250
|
5.000%, 11/15/35
|
11/26 at 100.00
|
AA–
|
3,529,565
|
|
|
Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural History,
|
|
|
|
|
|
Series 2002.RMKT:
|
|
|
|
|
2,785
|
5.500%, 11/01/36
|
11/23 at 100.00
|
A
|
2,986,857
|
|
815
|
4.500%, 11/01/36
|
11/24 at 100.00
|
A
|
824,829
|
|
5,000
|
4.450%, 11/01/36
|
11/25 at 102.00
|
A
|
5,062,900
|
|
410
|
Illinois Finance Authority, Charter School Revenue Bonds, Intrinsic Charter Schools Belmont
|
12/25 at 100.00
|
N/R
|
409,430
|
|
|
School Project, Series 2015A, 6.000%, 12/01/45, 144A
|
|
|
|
|
13,955
|
Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Series 2015, 5.000%,
|
5/25 at 100.00
|
Aa3
|
14,985,856
|
|
|
5/01/45 (UB), (5)
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
$ 2,000
|
Illinois Finance Authority, Revenue Bonds, Art Institute of Chicago, Series 2016,
|
3/26 at 100.00
|
AA–
|
$ 2,003,700
|
|
|
4.000%, 3/01/38
|
|
|
|
|
2,500
|
Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network, Series
|
2/27 at 100.00
|
AA+
|
2,780,900
|
|
|
2016C, 5.000%, 2/15/33
|
|
|
|
|
4,985
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012, 5.000%, 9/01/32
|
9/22 at 100.00
|
AA+
|
5,318,845
|
|
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A:
|
|
|
|
|
4,750
|
5.000%, 9/01/39
|
9/24 at 100.00
|
AA+
|
5,130,427
|
|
6,000
|
5.000%, 9/01/42
|
9/24 at 100.00
|
AA+
|
6,464,100
|
|
4,125
|
Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009B, 5.500%,
|
11/19 at 100.00
|
AA+ (4)
|
4,265,167
|
|
|
11/01/39 (Pre-refunded 11/01/19)
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding Series 2010A:
|
|
|
|
|
195
|
6.000%, 5/15/39
|
5/20 at 100.00
|
A
|
202,999
|
|
615
|
6.000%, 5/15/39 (Pre-refunded 5/15/20)
|
5/20 at 100.00
|
N/R (4)
|
650,006
|
|
10,745
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A,
|
11/25 at 100.00
|
A
|
11,425,266
|
|
|
5.000%, 11/15/45
|
|
|
|
|
12,125
|
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C,
|
5/20 at 100.00
|
AA–
|
12,486,689
|
|
|
5.125%, 5/15/35
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A:
|
|
|
|
|
50
|
7.750%, 8/15/34 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
52,213
|
|
4,995
|
7.750%, 8/15/34 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
5,216,079
|
|
|
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A:
|
|
|
|
|
415
|
5.500%, 7/01/28
|
7/23 at 100.00
|
A–
|
454,334
|
|
390
|
6.000%, 7/01/43
|
7/23 at 100.00
|
A–
|
423,037
|
|
|
Illinois Finance Authority, Revenue Bonds, Resurrection Health Care Corporation, Refunding
|
|
|
|
|
|
Series 2009:
|
|
|
|
|
90
|
6.125%, 5/15/25 (Pre-refunded 5/15/19)
|
5/19 at 100.00
|
N/R (4)
|
92,003
|
|
100
|
6.125%, 5/15/25 (Pre-refunded 5/15/19)
|
5/19 at 100.00
|
N/R (4)
|
102,226
|
|
2,810
|
6.125%, 5/15/25 (Pre-refunded 5/15/19)
|
5/19 at 100.00
|
AA+ (4)
|
2,872,551
|
|
1,120
|
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group,
|
5/19 at 100.00
|
Aaa
|
1,146,118
|
|
|
Series 2009C, 6.625%, 11/01/39 (Pre-refunded 5/01/19)
|
|
|
|
|
4,250
|
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group,
|
5/25 at 100.00
|
A+
|
4,560,463
|
|
|
Series 2015B, 5.000%, 11/15/39
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
|
|
|
|
|
|
Refunding Series 2015C:
|
|
|
|
|
560
|
5.000%, 8/15/35
|
8/25 at 100.00
|
Baa1
|
595,700
|
|
3,745
|
5.000%, 8/15/44
|
8/25 at 100.00
|
Baa1
|
3,922,326
|
|
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
|
|
|
|
|
|
Series 2009:
|
|
|
|
|
2,000
|
6.875%, 8/15/38 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
2,075,580
|
|
3,000
|
7.000%, 8/15/44 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
3,115,320
|
|
1,000
|
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc.,
|
3/20 at 100.00
|
AA (4)
|
1,040,550
|
|
|
Series 2005 Remarketed, 5.250%, 3/01/30 (Pre-refunded 3/01/20) – AGM Insured
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center,
|
|
|
|
|
|
Series 2009B:
|
|
|
|
|
930
|
5.000%, 8/15/26
|
8/20 at 100.00
|
AA–
|
969,999
|
|
470
|
5.000%, 8/15/26 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
N/R (4)
|
492,236
|
|
2,500
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series
|
2/21 at 100.00
|
AA– (4)
|
2,679,975
|
|
|
2011C, 5.500%, 8/15/41 Pre-refunded 2/15/21) (UB) (5)
|
|
|
|
|
3,000
|
Illinois Finance Authority, Revenue Bonds, University of Chicago, Refunding Series 2015A,
|
10/25 at 100.00
|
AA+
|
3,258,780
|
|
|
5.000%, 10/01/46
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
$ 11,140
|
Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A,
|
10/21 at 100.00
|
AA+
|
$ 11,721,954
|
|
|
5.000%, 10/01/51
|
|
|
|
|
2,000
|
Illinois Health Facilities Authority, Revenue Bonds, Midwest Care Center I Inc., Series 2001,
|
2/19 at 100.00
|
Aa1
|
2,008,640
|
|
|
5.950%, 2/20/36
|
|
|
|
|
1,830
|
Illinois Sports Facility Authority, State Tax Supported Bonds, Refunding Series 2014, 5.250%,
|
6/24 at 100.00
|
AA
|
1,975,540
|
|
|
6/15/32 – AGM Insured
|
|
|
|
|
|
Illinois State, General Obligation Bonds, February Series 2014:
|
|
|
|
|
3,500
|
5.250%, 2/01/30
|
2/24 at 100.00
|
BBB
|
3,637,795
|
|
4,100
|
5.250%, 2/01/31
|
2/24 at 100.00
|
BBB
|
4,249,773
|
|
3,200
|
5.250%, 2/01/32
|
2/24 at 100.00
|
BBB
|
3,306,304
|
|
2,000
|
5.250%, 2/01/33
|
2/24 at 100.00
|
BBB
|
2,061,720
|
|
1,575
|
5.250%, 2/01/34
|
2/24 at 100.00
|
BBB
|
1,620,659
|
|
2,000
|
5.000%, 2/01/39
|
2/24 at 100.00
|
BBB
|
2,013,600
|
|
8,250
|
Illinois State, General Obligation Bonds, January Series 2016, 5.000%, 1/01/32
|
1/26 at 100.00
|
BBB
|
8,373,502
|
|
1,025
|
Illinois State, General Obligation Bonds, March Series 2012, 5.000%, 3/01/34
|
3/22 at 100.00
|
BBB
|
1,040,939
|
|
450
|
Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/39
|
5/24 at 100.00
|
BBB
|
452,358
|
|
1,500
|
Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/37
|
11/26 at 100.00
|
BBB
|
1,516,755
|
|
|
Illinois State, General Obligation Bonds, October Series 2016:
|
|
|
|
|
3,790
|
5.000%, 2/01/26
|
No Opt. Call
|
BBB
|
3,941,486
|
|
3,510
|
5.000%, 2/01/28
|
2/27 at 100.00
|
BBB
|
3,622,250
|
|
2,375
|
Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/25
|
8/22 at 100.00
|
BBB
|
2,453,399
|
|
|
Illinois State, General Obligation Bonds, Series 2013:
|
|
|
|
|
2,500
|
5.250%, 7/01/31
|
7/23 at 100.00
|
BBB
|
2,602,475
|
|
1,520
|
5.500%, 7/01/38
|
7/23 at 100.00
|
BBB
|
1,590,361
|
|
2,020
|
Illinois State, Sales Tax Revenue Bonds, Build Illinois Series 2011, 3.750%, 6/15/25
|
6/21 at 100.00
|
A–
|
2,046,624
|
|
1,395
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A,
|
1/23 at 100.00
|
AA–
|
1,491,548
|
|
|
5.000%, 1/01/38
|
|
|
|
|
4,685
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A,
|
7/25 at 100.00
|
AA–
|
5,096,343
|
|
|
5.000%, 1/01/40
|
|
|
|
|
4,435
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015B,
|
1/26 at 100.00
|
AA–
|
4,786,030
|
|
|
5.000%, 1/01/40
|
|
|
|
|
1,815
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust
|
1/23 at 100.00
|
AA–
|
2,317,791
|
|
|
2015-XF0051, 13.175%, 1/01/38, 144A (IF)
|
|
|
|
|
1,875
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust
|
1/23 at 100.00
|
AA–
|
2,394,038
|
|
|
2015-XF0052, 13.167%, 1/01/38, 144A (IF)
|
|
|
|
|
2,000
|
Kane & DeKalb Counties Community Unit School District 301, Illinois, General Obligation Bonds,
|
No Opt. Call
|
Aa2
|
1,836,940
|
|
|
Series 2006, 0.000%, 12/01/21 – NPFG Insured
|
|
|
|
|
1,510
|
Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Series 2011A,
|
1/21 at 100.00
|
A2
|
1,588,399
|
|
|
5.250%, 1/01/39 – AGM Insured
|
|
|
|
|
1,000
|
McCook, Cook County, Illinois, General Obligation Bonds, Series 2008, 5.200%, 12/01/30
|
12/18 at 100.00
|
A–
|
1,001,970
|
|
9,000
|
McHenry County Community Unit School District 200, Woodstock, Illinois, General Obligation
|
No Opt. Call
|
Aa2
|
7,954,470
|
|
|
Bonds, Series 2006B, 0.000%, 1/15/23 – FGIC Insured
|
|
|
|
|
1,890
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds,
|
12/25 at 100.00
|
BB+
|
1,942,296
|
|
|
Refunding Series 2015B, 5.000%, 6/15/52
|
|
|
|
|
5,000
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds,
|
12/25 at 100.00
|
BB+
|
5,285,850
|
|
|
Series 2015A, 5.500%, 6/15/53
|
|
|
|
|
1,500
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds,
|
12/27 at 100.00
|
BB+
|
1,544,205
|
|
|
Series 2017A, 5.000%, 6/15/57
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
|
|
|
|
|
Refunding Bonds, Series 2010A
|
|
|
|
|
$ 8,055
|
5.500%, 6/15/50
|
6/20 at 100.00
|
BB+
|
$ 8,123,870
|
|
2,585
|
5.500%, 6/15/50
|
6/20 at 100.00
|
N/R
|
2,721,617
|
|
1,050
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
6/20 at 100.00
|
AA
|
1,077,216
|
|
|
Project, Capital Appreciation Refunding Series 2010B-1, 5.000%, 6/15/50
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|
|
|
|
|
Project, Refunding Series 1996A:
|
|
|
|
|
6,015
|
0.000%, 12/15/21 – NPFG Insured
|
No Opt. Call
|
Baa2
|
5,373,199
|
|
12,250
|
0.000%, 12/15/22 – NPFG Insured
|
No Opt. Call
|
Baa2
|
10,503,027
|
|
23,575
|
0.000%, 12/15/23 – NPFG Insured
|
No Opt. Call
|
Baa2
|
19,325,842
|
|
10,775
|
0.000%, 12/15/24 – NPFG Insured
|
No Opt. Call
|
Baa2
|
8,430,575
|
|
2,685
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
6/20 at 100.00
|
BBB–
|
2,687,336
|
|
|
Project, Refunding Series 2010B-2, 5.000%, 6/15/50
|
|
|
|
|
|
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
|
5,418,614
|
|
5,000
|
0.000%, 12/15/34 – NPFG Insured
|
No Opt. Call
|
Baa2
|
2,262,600
|
|
1,100
|
0.000%, 12/15/35 – NPFG Insured
|
No Opt. Call
|
Baa2
|
469,942
|
|
3,805
|
0.000%, 6/15/41 – NPFG Insured
|
No Opt. Call
|
Baa2
|
1,186,171
|
|
155
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
No Opt. Call
|
N/R
|
135,388
|
|
|
Project, Series 2002A, 0.000%, 12/15/23
|
|
|
|
|
2,750
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
No Opt. Call
|
AA+ (4)
|
3,260,207
|
|
|
Hospitality Facility, Series 1996A, 7.000%, 7/01/26 (ETM)
|
|
|
|
|
|
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds,
|
|
|
|
|
|
Series 2010:
|
|
|
|
|
1,550
|
5.250%, 6/01/21
|
No Opt. Call
|
A
|
1,653,850
|
|
800
|
6.000%, 6/01/28 (Pre-refunded 6/01/21)
|
6/21 at 100.00
|
N/R (4)
|
874,152
|
|
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
|
|
|
|
|
Illinois, General Obligation Bonds, Series 1999:
|
|
|
|
|
22,650
|
5.750%, 6/01/19 – AGM Insured
|
No Opt. Call
|
AA
|
23,116,137
|
|
3,500
|
5.750%, 6/01/23 – AGM Insured
|
No Opt. Call
|
AA
|
3,897,390
|
|
2,395
|
Southwestern Illinois Development Authority, Local Government Revenue Bonds, Edwardsville
|
No Opt. Call
|
AA
|
2,096,415
|
|
|
Community Unit School District 7 Project, Series 2007, 0.000%, 12/01/22 – AGM Insured
|
|
|
|
|
|
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015:
|
|
|
|
|
2,250
|
5.000%, 3/01/29
|
3/25 at 100.00
|
A
|
2,466,810
|
|
3,505
|
5.000%, 3/01/40 – AGM Insured
|
3/25 at 100.00
|
AA
|
3,766,017
|
|
|
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013:
|
|
|
|
|
1,580
|
6.000%, 10/01/32
|
10/23 at 100.00
|
A–
|
1,761,384
|
|
9,625
|
6.250%, 10/01/38
|
10/23 at 100.00
|
A–
|
10,777,786
|
|
2,745
|
6.000%, 10/01/42
|
10/23 at 100.00
|
A–
|
3,035,284
|
|
4,930
|
Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation
|
No Opt. Call
|
A2
|
4,273,768
|
|
|
Bonds, Series 2006, 0.000%, 1/01/23 – AGM Insured
|
|
|
|
|
2,475
|
Will County School District 122, New Lenox, Illinois, General Obligation Bonds, Series 2000B,
|
No Opt. Call
|
A2
|
2,475,000
|
|
|
0.000%, 11/01/18 – AGM Insured
|
|
|
|
|
580,805
|
Total Illinois
|
|
|
556,624,004
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Indiana – 1.9% (1.2% of Total Investments)
|
|
|
|
|
$ 6,180
|
Crown Point Multi-School Building Corporation, Indiana, First Mortgage Bonds, Crown Point
|
No Opt. Call
|
AA+
|
$ 5,534,993
|
|
|
Community School Corporation, Series 2000, 0.000%, 1/15/23 – NPFG Insured
|
|
|
|
|
1,555
|
Indiana Finance Authority, Educational Facilities Revenue Bonds, Butler University Project,
|
2/22 at 100.00
|
A–
|
1,658,423
|
|
|
Refunding Series 2012B, 5.000%, 2/01/28
|
|
|
|
|
1,050
|
Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For
|
10/19 at 100.00
|
B
|
1,055,429
|
|
|
Educational Excellence, Inc., Series 2009A, 7.000%, 10/01/39
|
|
|
|
|
2,865
|
Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project, Series
|
5/23 at 100.00
|
A
|
3,026,500
|
|
|
2012A, 5.000%, 5/01/42
|
|
|
|
|
1,500
|
Indiana Finance Authority, Hospital Revenue Bonds, Floyd Memorial Hospital and Health Services
|
3/20 at 100.00
|
N/R (4)
|
1,558,500
|
|
|
Project, Refunding Series 2010, 5.125%, 3/01/30 (Pre-refunded 3/02/20)
|
|
|
|
|
7,480
|
Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation Group,
|
6/25 at 100.00
|
AA
|
8,093,061
|
|
|
Refunding 2015A, 5.000%, 12/01/40
|
|
|
|
|
|
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
|
|
|
|
|
|
Project, Series 2013A:
|
|
|
|
|
3,015
|
5.000%, 7/01/44 (Alternative Minimum Tax)
|
7/23 at 100.00
|
A–
|
3,160,263
|
|
1,420
|
5.000%, 7/01/48 (Alternative Minimum Tax)
|
7/23 at 100.00
|
A–
|
1,484,709
|
|
1,500
|
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
|
7/23 at 100.00
|
A–
|
1,576,845
|
|
|
Project, Series 2013B, 5.000%, 7/01/40 (Alternative Minimum Tax)
|
|
|
|
|
4,170
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2009A,
|
12/19 at 100.00
|
AA– (4)
|
4,311,822
|
|
|
5.250%, 12/01/38 (Pre-refunded 12/01/19)
|
|
|
|
|
2,500
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2010B,
|
12/20 at 100.00
|
AA– (4)
|
2,641,550
|
|
|
5.000%, 12/01/37 (Pre-refunded 12/01/20)
|
|
|
|
|
5,115
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, First Lien
|
10/26 at 100.00
|
AA
|
5,578,419
|
|
|
Green Series 2016A, 5.000%, 10/01/41
|
|
|
|
|
2,750
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series
|
10/21 at 100.00
|
AA–
|
2,912,552
|
|
|
2011B, 5.000%, 10/01/41
|
|
|
|
|
4,500
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series
|
10/22 at 100.00
|
AA
|
4,451,985
|
|
|
2012A, 4.000%, 10/01/42
|
|
|
|
|
4,375
|
Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series 2016A,
|
7/26 at 100.00
|
A+
|
4,787,956
|
|
|
5.000%, 1/01/42
|
|
|
|
|
3,985
|
Valparaiso, Indiana, Exempt Facilities Revenue Bonds, Pratt Paper LLC Project, Series 2013,
|
1/24 at 100.00
|
N/R
|
4,579,562
|
|
|
7.000%, 1/01/44 (Alternative Minimum Tax)
|
|
|
|
|
53,960
|
Total Indiana
|
|
|
56,412,569
|
|
|
Iowa – 1.8% (1.1% of Total Investments)
|
|
|
|
|
1,505
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc. Project,
|
8/22 at 100.00
|
BBB–
|
1,529,667
|
|
|
Series 2012, 4.750%, 8/01/42
|
|
|
|
|
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company
|
|
|
|
|
|
Project, Series 2013:
|
|
|
|
|
5,645
|
5.500%, 12/01/22
|
12/18 at 100.00
|
B
|
5,655,838
|
|
1,335
|
5.250%, 12/01/25
|
12/23 at 100.00
|
B
|
1,412,243
|
|
1,710
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company
|
12/19 at 104.00
|
B
|
1,796,971
|
|
|
Project, Series 2016, 5.875%, 12/01/26, 144A
|
|
|
|
|
1,990
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company
|
12/22 at 105.00
|
B
|
2,115,549
|
|
|
Project, Series 2018B, 5.250%, 12/01/50 (Mandatory put 12/01/22)
|
|
|
|
|
3,000
|
Iowa Student Loan Liquidity Corporation, Student Loan Revenue Bonds, Refunding Series 2009-2,
|
12/19 at 100.00
|
AAA
|
3,084,240
|
|
|
5.500%, 12/01/25
|
|
|
|
|
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:
|
|
|
|
|
24,420
|
5.500%, 6/01/42
|
1/19 at 100.00
|
B+
|
24,476,899
|
|
12,100
|
5.625%, 6/01/46
|
1/19 at 100.00
|
B
|
12,115,609
|
|
51,705
|
Total Iowa
|
|
|
52,187,016
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Kansas – 0.5% (0.3% of Total Investments)
|
|
|
|
|
$ 1,240
|
Johnson and Miami Counties Unified School District 230, Kansas, General Obligation Bonds,
|
9/21 at 100.00
|
Aa3 (4)
|
$ 1,324,518
|
|
|
Series 2011A, 5.000%, 9/01/26 (Pre-refunded 9/01/21)
|
|
|
|
|
|
Kansas Development Finance Authority, Hospital Revenue Bonds, Adventist Health System/Sunbelt
|
|
|
|
|
|
Obligated Group, Series 2009C
|
|
|
|
|
1,505
|
5.500%, 11/15/23
|
11/19 at 100.00
|
AA
|
1,553,852
|
|
35
|
5.500%, 11/15/23 (Pre-refunded 11/15/19)
|
11/19 at 100.00
|
N/R (4)
|
36,180
|
|
3,965
|
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Series 2018A,
|
7/28 at 100.00
|
A
|
4,260,274
|
|
|
5.000%, 7/01/48
|
|
|
|
|
2,040
|
Overland Park Development Corporation, Kansas, First Tier Revenue Bonds, Overland Park
|
1/19 at 100.00
|
BB+
|
2,042,958
|
|
|
Convention Center, Series 2007A, 5.125%, 1/01/22 – AMBAC Insured
|
|
|
|
|
455
|
Overland Park Transportation Development District, Kansas, Sales Tax Revenue Bonds, Oak Park
|
4/20 at 100.00
|
BBB
|
465,242
|
|
|
Mall Project, Series 2010, 5.900%, 4/01/32
|
|
|
|
|
20
|
Sedgwick and Shawnee Counties, Kansas, GNMA Mortgage-Backed Securities Program Single
|
12/18 at 100.00
|
N/R (4)
|
20,078
|
|
|
Family Revenue Bonds, Series 1997A-1, 6.950%, 6/01/29 (Pre-refunded 12/01/18)
|
|
|
|
|
|
(Alternative Minimum Tax)
|
|
|
|
|
5,000
|
Wyandotte County/Kansas City Unified Government, Kansas, Utility System Revenue Bonds,
|
9/22 at 100.00
|
A+
|
5,408,050
|
|
|
Improvement Series 2012B, 5.000%, 9/01/32
|
|
|
|
|
14,260
|
Total Kansas
|
|
|
15,111,152
|
|
|
Kentucky – 1.7% (1.1% of Total Investments)
|
|
|
|
|
5,540
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare
|
8/21 at 100.00
|
A
|
5,771,018
|
|
|
System Obligated Group, Series 2011, 5.250%, 8/15/46
|
|
|
|
|
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical
|
|
|
|
|
|
Health System, Series 2010A:
|
|
|
|
|
2,000
|
6.000%, 6/01/30 (Pre-refunded 6/01/20)
|
6/20 at 100.00
|
Baa3 (4)
|
2,118,660
|
|
5,500
|
6.500%, 3/01/45 (Pre-refunded 6/01/20)
|
6/20 at 100.00
|
Baa3 (4)
|
5,867,950
|
|
2,730
|
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky
|
7/25 at 100.00
|
BBB+
|
2,835,351
|
|
|
Information Highway Project, Senior Series 2015A, 5.000%, 1/01/45
|
|
|
|
|
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
|
|
|
|
|
Downtown Crossing Project, Convertible Capital Appreciation Series 2013C:
|
|
|
|
|
4,790
|
0.000%, 7/01/43 (6)
|
7/31 at 100.00
|
Baa3
|
4,398,130
|
|
3,655
|
0.000%, 7/01/46 (6)
|
7/31 at 100.00
|
Baa3
|
3,369,398
|
|
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
|
|
|
|
|
Downtown Crossing Project, Series 2013A:
|
|
|
|
|
8,360
|
5.750%, 7/01/49
|
7/23 at 100.00
|
Baa3
|
8,976,383
|
|
585
|
6.000%, 7/01/53
|
7/23 at 100.00
|
Baa3
|
634,941
|
|
9,195
|
Lexington-Fayette Urban County Government Public Facilities Corporation, Kentucky State Lease
|
6/21 at 100.00
|
A1
|
9,749,458
|
|
|
Revenue Bonds, Eastern State Hospital Project, Series 2011A, 5.250%, 6/01/30
|
|
|
|
|
|
Pikeville, Kentucky, Hospital Revenue Bonds, Pikeville Medical Center, Inc. Project,
|
|
|
|
|
|
Improvement and Refunding Series 2011:
|
|
|
|
|
495
|
6.250%, 3/01/31
|
3/21 at 100.00
|
Baa2
|
540,283
|
|
4,505
|
6.250%, 3/01/31
|
3/21 at 100.00
|
Baa2
|
4,795,302
|
|
1,375
|
6.500%, 3/01/41
|
3/21 at 100.00
|
Baa2
|
1,468,376
|
|
48,730
|
Total Kentucky
|
|
|
50,525,250
|
|
|
Louisiana – 3.3% (2.0% of Total Investments)
|
|
|
|
|
4,955
|
Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala Warehousing
|
7/23 at 100.00
|
N/R
|
5,238,575
|
|
|
(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
|
2,931,367
|
|
|
5.000%, 2/01/39
|
|
|
|
|
3,130
|
Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue Bonds,
|
12/27 at 100.00
|
AA
|
3,469,323
|
|
|
Series 2017B, 5.000%, 12/01/42 – AGM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Louisiana (continued)
|
|
|
|
|
|
Lafayette Parish School Board, Louisiana, Sales Tax Revenue Bonds, Series 2018:
|
|
|
|
|
$ 1,500
|
4.000%, 4/01/40
|
4/27 at 100.00
|
AA
|
$ 1,505,280
|
|
4,685
|
4.000%, 4/01/43
|
4/27 at 100.00
|
AA
|
4,691,512
|
|
5,200
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
2/24 at 100.00
|
AA–
|
5,627,700
|
|
|
Revenue Bonds, East Baton Rouge Sewerage Commission Projects, Subordinate Lien
|
|
|
|
|
|
Series 2014A, 5.000%, 2/01/44
|
|
|
|
|
1,380
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
8/20 at 100.00
|
BBB
|
1,475,441
|
|
|
Revenue Bonds, Westlake Chemical Corporation Projects, Series 2009A, 6.500%, 8/01/29
|
|
|
|
|
8,295
|
Louisiana Public Facilities Authority, Dock and Wharf Revenue Bonds, Impala Warehousing (US)
|
7/23 at 100.00
|
N/R
|
9,014,342
|
|
|
LLC Project, Series 2013, 6.500%, 7/01/36, 144A (Alternative Minimum Tax)
|
|
|
|
|
845
|
Louisiana Public Facilities Authority, Hospital Revenue and Refunding Bonds, Lafayette General
|
11/25 at 100.00
|
BBB+
|
887,182
|
|
|
Medical Center Project, Series 2016A, 5.000%, 11/01/45
|
|
|
|
|
1,830
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/26 at 100.00
|
A3
|
1,825,590
|
|
|
Refunding Series 2016, 4.000%, 5/15/35
|
|
|
|
|
5,410
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/27 at 100.00
|
A3
|
5,693,917
|
|
|
Refunding Series 2017, 5.000%, 5/15/46
|
|
|
|
|
4,305
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/21 at 100.00
|
A3 (4)
|
4,782,166
|
|
|
Series 2011, 6.750%, 5/15/41 (Pre-refunded 5/15/21)
|
|
|
|
|
330
|
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A,
|
7/23 at 100.00
|
AA–
|
358,364
|
|
|
5.000%, 7/01/36
|
|
|
|
|
14,000
|
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Series 2015A, 4.000%, 5/01/41
|
5/25 at 100.00
|
AA
|
14,071,680
|
|
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project,
|
|
|
|
|
|
Series 2015B:
|
|
|
|
|
6,235
|
5.000%, 1/01/40 (Alternative Minimum Tax)
|
1/25 at 100.00
|
A–
|
6,610,721
|
|
6,895
|
5.000%, 1/01/45 (Alternative Minimum Tax)
|
1/25 at 100.00
|
A–
|
7,291,187
|
|
4,800
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project,
|
1/27 at 100.00
|
A–
|
5,090,064
|
|
|
Series 2017B, 5.000%, 1/01/48 (Alternative Minimum Tax)
|
|
|
|
|
1,000
|
New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2012, 5.000%, 12/01/28 –
|
12/22 at 100.00
|
AA
|
1,083,050
|
|
|
AGM Insured
|
|
|
|
|
5,350
|
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014, 5.000%, 6/01/44
|
6/24 at 100.00
|
A
|
5,719,899
|
|
1,200
|
New Orleans, Louisiana, Water Revenue Bonds, Refunding Series 2014, 5.000%, 12/01/44
|
12/24 at 100.00
|
A–
|
1,289,628
|
|
485
|
Saint Charles Parish, Louisiana, Gulf Opportunity Zone Revenue Bonds, Valero Project, Series
|
No Opt. Call
|
BBB
|
505,530
|
|
|
2010, 4.000%, 12/01/40 (Mandatory put 6/01/22)
|
|
|
|
|
5,655
|
Shreveport, Louisiana, Water and Sewer Revenue Bonds, Refunding Series 2015, 5.000%, 12/01/40
|
12/25 at 100.00
|
A–
|
6,171,641
|
|
90,150
|
Total Louisiana
|
|
|
95,334,159
|
|
|
Maine – 0.8% (0.5% of Total Investments)
|
|
|
|
|
2,775
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical
|
7/23 at 100.00
|
BBB
|
2,884,668
|
|
|
Center Obligated Group Issue, Series 2013, 5.000%, 7/01/33
|
|
|
|
|
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical
|
|
|
|
|
|
Center Obligated Group Issue, Series 2016A:
|
|
|
|
|
3,820
|
4.000%, 7/01/41
|
7/26 at 100.00
|
BBB
|
3,504,353
|
|
2,800
|
4.000%, 7/01/46
|
7/26 at 100.00
|
BBB
|
2,506,168
|
|
3,245
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth Issue,
|
7/28 at 100.00
|
A+
|
3,527,218
|
|
|
Series 2018A, 5.000%, 7/01/43
|
|
|
|
|
2,000
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Bates College, Series
|
7/23 at 100.00
|
A+
|
2,153,840
|
|
|
2013, 5.000%, 7/01/43
|
|
|
|
|
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical
|
|
|
|
|
|
Center, Series 2011:
|
|
|
|
|
3,000
|
6.750%, 7/01/36
|
7/21 at 100.00
|
BB
|
3,195,360
|
|
2,260
|
6.750%, 7/01/41
|
7/21 at 100.00
|
BB
|
2,398,967
|
|
1,720
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Series 2010A,
|
7/20 at 100.00
|
AA
|
1,783,606
|
|
|
5.000%, 7/01/40
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Maine (continued)
|
|
|
|
|
|
Maine Turnpike Authority, Special Obligation Bonds, Series 2014:
|
|
|
|
|
$ 1,290
|
5.000%, 7/01/33
|
7/24 at 100.00
|
A+
|
$ 1,408,667
|
|
1,020
|
5.000%, 7/01/34
|
7/24 at 100.00
|
A+
|
1,111,616
|
|
23,930
|
Total Maine
|
|
|
24,474,463
|
|
|
Maryland – 0.3% (0.2% of Total Investments)
|
|
|
|
|
5,000
|
Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Series 2014C, 5.000%, 7/01/44
|
1/25 at 100.00
|
AA–
|
5,447,100
|
|
450
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical
|
7/21 at 100.00
|
BBB
|
485,613
|
|
|
Center, Series 2011, 6.000%, 7/01/25
|
|
|
|
|
515
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Patterson Park
|
7/19 at 100.00
|
BB+
|
517,075
|
|
|
Public Charter School Issue, Series 2010, 6.000%, 7/01/40
|
|
|
|
|
1,790
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional
|
7/24 at 100.00
|
A
|
1,914,441
|
|
|
Medical Center Issue, Refunding Series 2015, 5.000%, 7/01/39
|
|
|
|
|
1,070
|
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King
|
11/24 at 103.00
|
N/R
|
1,155,226
|
|
|
Farm Project, Series 2017A-1, 5.000%, 11/01/28
|
|
|
|
|
8,825
|
Total Maryland
|
|
|
9,519,455
|
|
|
Massachusetts – 2.0% (1.2% of Total Investments)
|
|
|
|
|
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds,
|
|
|
|
|
|
Refunding Senior Lien Series 2010B:
|
|
|
|
|
4,410
|
5.000%, 1/01/32
|
1/20 at 100.00
|
A+
|
4,532,466
|
|
7,500
|
5.000%, 1/01/37
|
1/20 at 100.00
|
A+
|
7,696,950
|
|
650
|
Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare
|
1/19 at 100.00
|
N/R
|
650,826
|
|
|
Project, Series 2007A, 6.750%, 10/15/37
|
|
|
|
|
815
|
Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare
|
10/20 at 100.00
|
N/R
|
851,373
|
|
|
Project, Series 2010, 7.625%, 10/15/37
|
|
|
|
|
825
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green
|
7/25 at 100.00
|
BBB
|
862,975
|
|
|
Bonds, Series 2015D, 5.000%, 7/01/44
|
|
|
|
|
3,500
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2016BB-1,
|
10/26 at 100.00
|
Aa3
|
3,837,260
|
|
|
5.000%, 10/01/46
|
|
|
|
|
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Tender Option
|
|
|
|
|
|
Bond Trust 2016-XG0070:
|
|
|
|
|
505
|
12.748%, 10/01/48, 144A (IF) (5)
|
10/23 at 100.00
|
A+
|
661,116
|
|
930
|
12.683%, 10/01/48, 144A (IF) (5)
|
10/23 at 100.00
|
A+
|
1,217,147
|
|
3,200
|
Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2015,
|
1/25 at 100.00
|
BBB+
|
3,190,048
|
|
|
4.500%, 1/01/45
|
|
|
|
|
1,220
|
Massachusetts Development Finance Agency, Revenue Bonds, Loomis Communities, Series 2013A,
|
1/23 at 100.00
|
BBB
|
1,317,246
|
|
|
5.125%, 1/01/25
|
|
|
|
|
2,300
|
Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E,
|
11/23 at 100.00
|
A+
|
2,468,912
|
|
|
5.000%, 11/01/43
|
|
|
|
|
1,500
|
Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care, Series
|
7/26 at 100.00
|
BBB+
|
1,424,745
|
|
|
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
|
1,200,223
|
|
1,280
|
5.000%, 9/01/45
|
9/25 at 100.00
|
BBB
|
1,337,869
|
|
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Suffolk University,
|
|
|
|
|
|
Refunding Series 2009A:
|
|
|
|
|
3,190
|
5.750%, 7/01/39
|
7/19 at 100.00
|
Baa2
|
3,248,568
|
|
6,335
|
5.750%, 7/01/39 (Pre-refunded 7/01/19)
|
7/19 at 100.00
|
N/R (4)
|
6,496,226
|
|
2,265
|
Massachusetts Housing Finance Agency, Housing Bonds, Series 2009F, 5.700%, 6/01/40
|
12/18 at 100.00
|
AA
|
2,268,692
|
|
|
(Alternative Minimum Tax)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Massachusetts (continued)
|
|
|
|
|
$ 700
|
Massachusetts Port Authority, Special Facilities Revenue Bonds, ConRac Project, Series 2011A,
|
7/21 at 100.00
|
A
|
$ 737,779
|
|
|
5.125%, 7/01/41
|
|
|
|
|
5,930
|
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior Series
|
5/23 at 100.00
|
AAA
|
6,439,921
|
|
|
2013A, 5.000%, 5/15/43
|
|
|
|
|
1,100
|
Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Senior Series
|
No Opt. Call
|
A+
|
952,875
|
|
|
1997A, 0.000%, 1/01/24 – NPFG Insured
|
|
|
|
|
6,700
|
Metropolitan Boston Transit Parking Corporation, Massachusetts, Systemwide Parking Revenue
|
7/21 at 100.00
|
A+
|
7,056,172
|
|
|
Bonds, Senior Lien Series 2011, 5.000%, 7/01/41
|
|
|
|
|
56,000
|
Total Massachusetts
|
|
|
58,449,389
|
|
|
Michigan – 2.4% (1.5% of Total Investments)
|
|
|
|
|
3,535
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
|
7/22 at 100.00
|
A+
|
3,744,590
|
|
|
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
|
|
|
|
|
2,020
|
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2011A, 5.250%, 7/01/41
|
7/21 at 100.00
|
AA–
|
2,140,230
|
|
1,000
|
Eastern Michigan University, General Revenue Bonds, Series 2018A, 4.000%, 3/01/44 – AGM Insured
|
3/28 at 100.00
|
AA
|
971,990
|
|
3,665
|
Lansing Board of Water and Light, Michigan, Utility System Revenue Bonds, Series 2011A,
|
7/21 at 100.00
|
AA–
|
3,945,519
|
|
|
5.500%, 7/01/41
|
|
|
|
|
1,500
|
Michigan Finance Authority, Hospital Revenue Bonds, Sparrow Obligated Group, Series 2012,
|
11/22 at 100.00
|
A+
|
1,594,440
|
|
|
5.000%, 11/15/42
|
|
|
|
|
405
|
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
|
7/24 at 100.00
|
AA
|
437,027
|
|
|
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
|
AA
|
2,934,521
|
|
|
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
|
A+
|
1,065,300
|
|
|
Sewerage Department Water Supply System Local Project, Series 2014D-6, 5.000%, 7/01/36 –
|
|
|
|
|
|
NPFG Insured
|
|
|
|
|
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2015:
|
|
|
|
|
2,500
|
5.000%, 12/01/31
|
6/22 at 100.00
|
AA–
|
2,686,975
|
|
3,670
|
5.000%, 12/01/32
|
6/22 at 100.00
|
AA–
|
3,944,479
|
|
2,000
|
Michigan Finance Authority, State Revolving Fund Revenue Bonds, Clean Water Series 2012,
|
10/22 at 100.00
|
AAA
|
2,201,760
|
|
|
5.000%, 10/01/31 (Pre-refunded 10/01/22)
|
|
|
|
|
5,000
|
Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit Group,
|
11/26 at 100.00
|
AA+
|
4,865,800
|
|
|
Refunding and Project Series 2010F-6, 4.000%, 11/15/47
|
|
|
|
|
1,000
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series
|
10/21 at 100.00
|
Aa2
|
1,075,120
|
|
|
2011-I-A, 5.375%, 10/15/41
|
|
|
|
|
10,000
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2015-I,
|
10/25 at 100.00
|
Aa2
|
11,081,100
|
|
|
5.000%, 4/15/34
|
|
|
|
|
3,495
|
Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health System,
|
11/19 at 100.00
|
N/R (4)
|
3,627,251
|
|
|
Refunding Series 2009, 5.750%, 11/15/39 (Pre-refunded 11/15/19)
|
|
|
|
|
5,200
|
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series
|
6/22 at 100.00
|
AA–
|
5,490,680
|
|
|
2009C, 5.000%, 12/01/48
|
|
|
|
|
5,000
|
Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds,
|
12/18 at 100.00
|
B2
|
5,010,700
|
|
|
Series 2008A, 6.875%, 6/01/42
|
|
|
|
|
3,000
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County
|
12/22 at 100.00
|
A
|
3,223,980
|
|
|
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
|
1,443,455
|
|
1,200
|
5.000%, 12/01/45
|
12/25 at 100.00
|
A
|
1,303,368
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Michigan (continued)
|
|
|
|
|
$
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County |
|
|
|
|
|
Airport, Series 2017B:
|
|
|
|
|
1,350
|
5.000%, 12/01/42 (Alternative Minimum Tax)
|
12/27 at 100.00
|
A
|
$ 1,446,593
|
|
3,140
|
5.000%, 12/01/47 (Alternative Minimum Tax)
|
12/27 at 100.00
|
A
|
3,352,358
|
|
|
Wayne State University, Michigan, General Revenue Bonds, Series 2018A:
|
|
|
|
|
1,140
|
5.000%, 11/15/35
|
11/25 at 100.00
|
Aa3
|
1,258,526
|
|
1,120
|
5.000%, 11/15/36
|
11/25 at 100.00
|
Aa3
|
1,233,501
|
|
65,955
|
Total Michigan
|
|
|
70,079,263
|
|
|
Minnesota – 1.8% (1.1% of Total Investments)
|
|
|
|
|
310
|
Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory
|
8/26 at 100.00
|
BB+
|
286,167
|
|
|
Academy, Refunding Series 2016A, 4.000%, 8/01/36
|
|
|
|
|
2,000
|
Brainerd Independent School District 181, Crow Wing County, Minnesota, General Obligation
|
2/27 at 100.00
|
AAA
|
2,015,300
|
|
|
Bonds, School Building Series 2018A, 4.000%, 2/01/42
|
|
|
|
|
5,000
|
Dakota and Washington Counties Housing and Redevelopment Authority, Minnesota, GNMA
|
No Opt. Call
|
AA+ (4)
|
5,248,700
|
|
|
Mortgage-Backed Securities Program Single Family Residential Mortgage Revenue Bonds,
|
|
|
|
|
|
Series 1988, 8.450%, 9/01/19 (Alternative Minimum Tax) (ETM)
|
|
|
|
|
500
|
Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project,
|
7/25 at 100.00
|
BB+
|
462,075
|
|
|
Series 2016A, 4.000%, 7/01/37
|
|
|
|
|
4,910
|
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds,
|
2/28 at 100.00
|
A–
|
5,136,106
|
|
|
Essentia Health Obligated Group, Series 2018A, 5.000%, 2/15/53 (WI/DD, Settling 11/01/18)
|
|
|
|
|
3,010
|
Independent School District 621, Mounds View, Minnesota, General Obligation Bonds, School
|
2/27 at 100.00
|
AAA
|
3,039,378
|
|
|
Building Series 2018A, 4.000%, 2/01/42
|
|
|
|
|
2,000
|
Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series
|
11/28 at 100.00
|
A+
|
2,138,360
|
|
|
2018A, 5.000%, 11/15/49
|
|
|
|
|
3,000
|
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,
|
1/20 at 100.00
|
AA–
|
3,084,000
|
|
|
Senior Lien Series 2010A, 5.000%, 1/01/35
|
|
|
|
|
2,295
|
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,
|
1/27 at 100.00
|
AA–
|
2,530,651
|
|
|
Senior Lien Series 2016C, 5.000%, 1/01/46
|
|
|
|
|
|
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,
|
|
|
|
|
|
Subordinate Lien Series 2016D:
|
|
|
|
|
470
|
5.000%, 1/01/32 (Alternative Minimum Tax)
|
1/27 at 100.00
|
A+
|
517,912
|
|
450
|
5.000%, 1/01/35 (Alternative Minimum Tax)
|
1/27 at 100.00
|
A+
|
491,540
|
|
580
|
5.000%, 1/01/37 (Alternative Minimum Tax)
|
1/27 at 100.00
|
A+
|
631,405
|
|
750
|
5.000%, 1/01/41 (Alternative Minimum Tax)
|
1/27 at 100.00
|
A+
|
810,435
|
|
|
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
|
1,474,381
|
|
1,700
|
4.000%, 3/01/47
|
3/27 at 100.00
|
Aa2
|
1,704,709
|
|
2,150
|
Minnesota Higher Education Facilities Authority, Revenue Bonds, Macalester College, Refunding
|
3/27 at 100.00
|
Aa3
|
2,151,419
|
|
|
Series 2017, 4.000%, 3/01/48
|
|
|
|
|
|
Minnesota Municipal Power Agency, Electric Revenue Bonds, Refunding Series 2014A:
|
|
|
|
|
700
|
5.000%, 10/01/34
|
10/24 at 100.00
|
A1
|
775,334
|
|
500
|
5.000%, 10/01/35
|
10/24 at 100.00
|
A1
|
552,665
|
|
2,000
|
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2018A,
|
5/28 at 100.00
|
AA
|
1,979,260
|
|
|
4.000%, 11/15/48
|
|
|
|
|
2,000
|
Saint Louis Park, Minnesota, Health Care Facilities Revenue Bonds, Park Nicollet Health
|
7/19 at 100.00
|
Aaa
|
2,048,880
|
|
|
Services, Refunding Series 2009, 5.750%, 7/01/39 (Pre-refunded 7/01/19)
|
|
|
|
|
1,520
|
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds,
|
12/24 at 100.00
|
BBB–
|
1,510,318
|
|
|
Community of Peace Academy Project, Refunding Series 2015A, 5.000%, 12/01/50
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Minnesota (continued)
|
|
|
|
|
|
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+
|
$ 2,271,238
|
|
2,500
|
5.750%, 9/01/46
|
9/26 at 100.00
|
BB+
|
2,585,700
|
|
|
Saint Paul Housing and Redevelopment Authority Minnesota, Senior Housing and Health Care
|
|
|
|
|
|
Revenue Bonds, Episcopal Homes Project, Series 2013:
|
|
|
|
|
500
|
5.000%, 5/01/33
|
5/23 at 100.00
|
N/R
|
504,805
|
|
1,000
|
5.125%, 5/01/48
|
5/23 at 100.00
|
N/R
|
975,490
|
|
400
|
Saint Paul Housing and Redevelopment Authority, Minnesota, Upper Landing Project Tax
|
3/20 at 102.00
|
N/R
|
413,204
|
|
|
Increment Revenue Refunding Bonds, Series 2012, 5.000%, 9/01/26
|
|
|
|
|
750
|
St. Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, HealthEast
|
11/25 at 100.00
|
N/R (4)
|
861,930
|
|
|
Inc., Series 2015A, 5.000%, 11/15/29 (Pre-refunded 11/15/25)
|
|
|
|
|
3,855
|
West Saint Paul-Mendota Heights-Eagan Independent School District 197, Dakota County,
|
2/27 at 100.00
|
AAA
|
3,879,055
|
|
|
Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/41
|
|
|
|
|
2,000
|
Western Minnesota Municipal Power Agency, Power Supply Revenue Bonds, Series 2014A,
|
1/24 at 100.00
|
Aa3
|
2,176,980
|
|
|
5.000%, 1/01/46
|
|
|
|
|
50,515
|
Total Minnesota
|
|
|
52,257,397
|
|
|
Mississippi – 0.9% (0.6% of Total Investments)
|
|
|
|
|
620
|
Mississippi Business Finance Corporation, Pollution Control Revenue Refunding Bonds, System
|
4/19 at 100.00
|
BBB+
|
621,271
|
|
|
Energy Resources Inc. Project, Series 1998, 5.875%, 4/01/22
|
|
|
|
|
|
Mississippi Development Bank, Special Obligation Bonds, City of Jackson General Obligation
|
|
|
|
|
|
Street Resurfacing Project, Series 2009:
|
|
|
|
|
1,325
|
5.500%, 1/01/23 (Pre-refunded 1/01/19)
|
1/19 at 100.00
|
A+ (4)
|
1,332,871
|
|
850
|
5.800%, 1/01/24 (Pre-refunded 1/01/19)
|
1/19 at 100.00
|
A+ (4)
|
855,389
|
|
|
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+
|
7,901,550
|
|
15,500
|
5.000%, 9/01/46
|
9/26 at 100.00
|
BBB+
|
16,130,385
|
|
25,795
|
Total Mississippi
|
|
|
26,841,466
|
|
|
Missouri – 3.5% (2.1% of Total Investments)
|
|
|
|
|
1,000
|
Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding Series 2016,
|
8/26 at 100.00
|
A–
|
1,040,960
|
|
|
5.000%, 8/01/28
|
|
|
|
|
2,000
|
Bridgeton Industrial Development Authority, Missouri, Senior Housing Revenue Bonds, The Sarah
|
5/25 at 100.00
|
N/R
|
1,861,300
|
|
|
Community Project, Refunding Series 2016, 3.625%, 5/01/30
|
|
|
|
|
500
|
Curators of the University of Missouri, System Facilities Revenue Bonds, Refunding Series
|
11/24 at 100.00
|
AA+
|
516,975
|
|
|
2014A, 4.000%, 11/01/33
|
|
|
|
|
2,000
|
Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri,
|
10/19 at 100.00
|
A–
|
2,036,500
|
|
|
Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36
|
|
|
|
|
400
|
Kansas City Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Ward Parkway
|
4/26 at 100.00
|
N/R
|
398,208
|
|
|
Center Community Improvement District, Senior Refunding & Improvement Series 2016,
|
|
|
|
|
|
5.000%, 4/01/46, 144A
|
|
|
|
|
|
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds,
|
|
|
|
|
|
Series 2004B-1:
|
|
|
|
|
7,000
|
0.000%, 4/15/27 – AMBAC Insured
|
No Opt. Call
|
AA–
|
5,203,310
|
|
5,000
|
0.000%, 4/15/28 – AMBAC Insured
|
No Opt. Call
|
AA–
|
3,561,950
|
|
5,000
|
0.000%, 4/15/29 – AMBAC Insured
|
No Opt. Call
|
AA–
|
3,408,300
|
|
4,470
|
Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Improvement Series 2018A,
|
1/28 at 100.00
|
AA
|
4,514,298
|
|
|
4.000%, 1/01/42
|
|
|
|
|
940
|
Missouri Development Finance Board, Infrastructure Facilities Revenue Bonds, Branson Landing
|
No Opt. Call
|
A
|
967,392
|
|
|
Project, Series 2005A, 6.000%, 6/01/20
|
|
|
|
|
1,000
|
Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds, Saint
|
5/26 at 100.00
|
A+
|
1,090,300
|
|
|
Luke’s Health System, Inc., Series 2016, 5.000%, 11/15/34
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Missouri (continued)
|
|
|
|
|
$ 3,080
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds,
|
5/23 at 100.00
|
BBB+
|
$ 3,241,238
|
|
|
Saint Louis College of Pharmacy, Series 2013, 5.500%, 5/01/43
|
|
|
|
|
1,260
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds,
|
10/23 at 100.00
|
A+
|
1,374,307
|
|
|
University of Central Missouri, Series 2013C-2, 5.000%, 10/01/34
|
|
|
|
|
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
|
|
|
|
|
CoxHealth, Series 2013A:
|
|
|
|
|
1,045
|
5.000%, 11/15/44
|
11/23 at 100.00
|
A2
|
1,100,009
|
|
11,090
|
5.000%, 11/15/48
|
11/23 at 100.00
|
A2
|
11,653,039
|
|
8,525
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy
|
11/27 at 100.00
|
AA–
|
8,296,189
|
|
|
Health, Series 2017C, 4.000%, 11/15/47
|
|
|
|
|
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, SSM
|
|
|
|
|
|
Health Care, Series 2018A:
|
|
|
|
|
3,500
|
5.000%, 6/01/48
|
6/28 at 100.00
|
AA–
|
3,764,635
|
|
2,000
|
4.000%, 6/01/48
|
6/28 at 100.00
|
AA–
|
1,919,460
|
|
|
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+
|
1,225,675
|
|
16,750
|
4.000%, 5/15/48
|
5/25 at 102.00
|
A+
|
16,240,968
|
|
11,295
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services
|
2/26 at 100.00
|
N/R
|
11,839,419
|
|
|
Projects, Series 2016B, 5.000%, 2/01/46
|
|
|
|
|
400
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Maryville University of
|
6/22 at 100.00
|
BBB+
|
378,332
|
|
|
St. Louis Project, Series 2015, 3.500%, 6/15/30
|
|
|
|
|
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis University,
|
|
|
|
|
|
Series 2017A:
|
|
|
|
|
725
|
4.000%, 10/01/36
|
4/27 at 100.00
|
AA–
|
734,295
|
|
3,510
|
5.000%, 10/01/42
|
4/27 at 100.00
|
AA–
|
3,826,637
|
|
3,775
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Webster University,
|
4/21 at 100.00
|
A2 (4)
|
4,021,168
|
|
|
Series 2011, 5.000%, 4/01/26 (Pre-refunded 4/01/21)
|
|
|
|
|
2,000
|
Missouri Joint Municipal Electric Utility Commission, Power Supply System Revenue Bonds, MoPEP
|
6/27 at 100.00
|
A2
|
2,168,180
|
|
|
Facilities, Series 2018, 5.000%, 12/01/43
|
|
|
|
|
1,000
|
North Central Missouri Regional Water Commission, Waterworks System Revenue Bonds, Series
|
1/19 at 100.00
|
N/R
|
980,060
|
|
|
2006, 5.000%, 1/01/37
|
|
|
|
|
2,000
|
Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation,
|
12/21 at 100.00
|
AA+
|
2,011,740
|
|
|
Series 2015, 4.125%, 12/01/38
|
|
|
|
|
490
|
Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St. Louis International Airport,
|
7/22 at 100.00
|
A2
|
502,686
|
|
|
Refunding Series 2012, 4.250%, 7/01/29 – FGIC Insured (Alternative Minimum Tax)
|
|
|
|
|
575
|
St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village
|
9/22 at 100.00
|
N/R (4)
|
630,930
|
|
|
of Chesterfield, Series 2012, 5.000%, 9/01/42 (Pre-refunded 9/01/22)
|
|
|
|
|
375
|
St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village
|
9/23 at 100.00
|
BB+
|
402,518
|
|
|
of Sunset Hills, Series 2013A, 5.875%, 9/01/43
|
|
|
|
|
103,955
|
Total Missouri
|
|
|
100,910,978
|
|
|
Montana – 0.2% (0.1% of Total Investments)
|
|
|
|
|
2,090
|
Montana Facilities Finance Authority, Healthcare Facility Revenue Bonds, Kalispell Regional
|
7/28 at 100.00
|
BBB
|
2,202,881
|
|
|
Medical Center, Series 2018B, 5.000%, 7/01/43
|
|
|
|
|
3,315
|
Montana Facilities Finance Authority, Montana, Health Facilities Revenue Bonds, Bozeman
|
6/28 at 100.00
|
A
|
3,587,559
|
|
|
Deaconess Health Services Obligated Group, Series 2018, 5.000%, 6/01/48
|
|
|
|
|
5,405
|
Total Montana
|
|
|
5,790,440
|
|
|
Nebraska – 0.2% (0.1% of Total Investments)
|
|
|
|
|
2,300
|
Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012,
|
9/22 at 100.00
|
A
|
2,472,960
|
|
|
5.000%, 9/01/32
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Nebraska (continued)
|
|
|
|
|
|
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
|
$ 1,647,361
|
|
470
|
5.000%, 11/01/45
|
11/25 at 100.00
|
A
|
502,580
|
|
4,405
|
Total Nebraska
|
|
|
4,622,901
|
|
|
Nevada – 3.1% (1.9% of Total Investments)
|
|
|
|
|
39,625
|
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B, 5.750%, 7/01/42
|
1/20 at 100.00
|
Aa3
|
41,203,264
|
|
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
|
|
|
|
|
International Airport, Series 2010A:
|
|
|
|
|
5,210
|
5.250%, 7/01/39 – AGM Insured
|
1/20 at 100.00
|
AA
|
5,378,648
|
|
9,725
|
5.250%, 7/01/42
|
1/20 at 100.00
|
Aa3
|
10,036,394
|
|
5,800
|
Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Series 2009A, 8.000%,
|
6/19 at 100.00
|
BBB+ (4)
|
6,011,120
|
|
|
6/15/30 (Pre-refunded 6/15/19)
|
|
|
|
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2015:
|
|
|
|
|
9,000
|
5.000%, 6/01/32
|
12/24 at 100.00
|
AA+
|
10,062,450
|
|
7,835
|
5.000%, 6/01/39
|
12/24 at 100.00
|
AA+
|
8,581,284
|
|
2,600
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B,
|
6/22 at 100.00
|
AA+
|
2,788,032
|
|
|
5.000%, 6/01/42
|
|
|
|
|
|
Nevada System of Higher Education, Community College Revenue Bonds, Series 2017:
|
|
|
|
|
2,400
|
4.000%, 7/01/41
|
7/27 at 100.00
|
AA–
|
2,347,344
|
|
2,000
|
4.000%, 7/01/47
|
7/27 at 100.00
|
AA–
|
1,936,840
|
|
1,145
|
North Las Vegas, Nevada, General Obligation Bonds, Wastewater Reclamation System Series 2006,
|
1/19 at 100.00
|
Baa1
|
1,146,156
|
|
|
5.000%, 10/01/25 – NPFG Insured
|
|
|
|
|
|
Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors Authority,
|
|
|
|
|
|
Refunding Series 2011:
|
|
|
|
|
1,955
|
5.000%, 7/01/32
|
7/21 at 100.00
|
AA
|
2,084,832
|
|
95
|
5.000%, 7/01/32
|
7/21 at 100.00
|
N/R
|
101,767
|
|
87,390
|
Total Nevada
|
|
|
91,678,131
|
|
|
New Hampshire – 0.5% (0.3% of Total Investments)
|
|
|
|
|
5,000
|
New Hampshire Business Finance Authority, Revenue Bonds, Elliot Hospital Obligated Group
|
10/19 at 100.00
|
Baa1 (4)
|
5,186,200
|
|
|
Issue, Series 2009A, 6.125%, 10/01/39 (Pre-refunded 10/01/19)
|
|
|
|
|
3,500
|
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Catholic Medical
|
7/22 at 100.00
|
A–
|
3,536,715
|
|
|
Center, Series 2012, 4.000%, 7/01/32
|
|
|
|
|
1,110
|
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth College,
|
6/19 at 100.00
|
AA+ (4)
|
1,175,002
|
|
|
Tender Option Bond Trust 2016-XL0025, 11.330%, 6/01/39, 144A (Pre-refunded 6/01/19) (IF) (5)
|
|
|
|
|
4,000
|
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth-Hitchcock
|
2/28 at 100.00
|
A
|
4,380,880
|
|
|
Obligated Group, Series 2018A, 5.000%, 8/01/35
|
|
|
|
|
13,610
|
Total New Hampshire
|
|
|
14,278,797
|
|
|
New Jersey – 4.6% (2.9% of Total Investments)
|
|
|
|
|
905
|
Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue Bonds,
|
2/23 at 100.00
|
BBB+
|
966,757
|
|
|
Cooper Health System Obligated Group Issue, Series 2013A, 5.750%, 2/15/42
|
|
|
|
|
|
New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge
|
|
|
|
|
|
Replacement Project, Series 2013:
|
|
|
|
|
1,965
|
5.000%, 1/01/31 – AGM Insured (Alternative Minimum Tax)
|
1/24 at 100.00
|
AA
|
2,125,226
|
|
1,865
|
5.125%, 1/01/39 – AGM Insured (Alternative Minimum Tax)
|
1/24 at 100.00
|
AA
|
1,996,035
|
|
1,585
|
5.125%, 7/01/42 – AGM Insured (Alternative Minimum Tax)
|
1/24 at 100.00
|
AA
|
1,693,271
|
|
|
New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding
|
|
|
|
|
|
Series 2017A:
|
|
|
|
|
5,005
|
5.000%, 7/01/28 – BAM Insured
|
7/27 at 100.00
|
AA
|
5,593,388
|
|
4,275
|
3.125%, 7/01/31 – BAM Insured
|
7/27 at 100.00
|
AA
|
4,003,324
|
|
2,000
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding
|
12/26 at 100.00
|
A–
|
2,198,860
|
|
|
Series 2016BBB, 5.500%, 6/15/31
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New Jersey (continued)
|
|
|
|
|
$ 6,770
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
|
No Opt. Call
|
A–
|
$ 7,768,440
|
|
|
2005N-1, 5.500%, 9/01/27 – FGIC Insured
|
|
|
|
|
2,825
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
|
6/24 at 100.00
|
A–
|
2,975,968
|
|
|
2014UU, 5.000%, 6/15/30
|
|
|
|
|
555
|
New Jersey Economic Development Authority, Student Housing Revenue Bonds, Provident
|
6/20 at 100.00
|
Aaa
|
586,674
|
|
|
Group-Montclair Properties LLC, Montclair State University Student Housing Project, Series
|
|
|
|
|
|
2010A, 5.750%, 6/01/31 (Pre-refunded 6/01/20)
|
|
|
|
|
6,030
|
New Jersey Economic Development Authority, Sublease Revenue Bonds, New Jersey Transit
|
No Opt. Call
|
A–
|
6,587,051
|
|
|
Corporation Projects, Refunding Series 2017B, 5.000%, 11/01/25
|
|
|
|
|
900
|
New Jersey Educational Facilities Authority, Revenue Bonds, University of Medicine and
|
6/19 at 100.00
|
N/R (4)
|
928,944
|
|
|
Dentistry of New Jersey, Refunding Series 2009B, 7.500%, 12/01/32 (Pre-refunded 6/01/19)
|
|
|
|
|
1,480
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters
|
1/19 at 100.00
|
BB+
|
1,483,271
|
|
|
University Hospital, Series 2007, 5.750%, 7/01/37
|
|
|
|
|
8,415
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health
|
7/26 at 100.00
|
A+
|
9,227,048
|
|
|
Obligated Group, Refunding Series 2016A, 5.000%, 7/01/43
|
|
|
|
|
2,000
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas Health
|
7/21 at 100.00
|
N/R (4)
|
2,175,140
|
|
|
Care System, Refunding Series 2011A, 5.625%, 7/01/32 (Pre-refunded 7/01/21)
|
|
|
|
|
1,235
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital
|
7/25 at 100.00
|
AA
|
1,322,216
|
|
|
Issue, Refunding Series 2015A, 5.000%, 7/01/46 – AGM Insured
|
|
|
|
|
665
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Tender Option
|
6/19 at 100.00
|
BBB+
|
713,485
|
|
|
Bond Trust 2016-XG0001, 15.544%, 6/01/30, 144A (IF) (5)
|
|
|
|
|
|
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
|
A+
|
2,221,030
|
|
3,340
|
5.000%, 6/15/29
|
6/26 at 100.00
|
A+
|
3,651,388
|
|
1,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital
|
No Opt. Call
|
A–
|
713,560
|
|
|
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
|
A–
|
13,731,590
|
|
10,000
|
0.000%, 12/15/32 – AGM Insured
|
No Opt. Call
|
AA
|
5,454,000
|
|
20,000
|
0.000%, 12/15/33 – AGM Insured
|
No Opt. Call
|
AA
|
10,372,600
|
|
25,000
|
0.000%, 12/15/35 – AMBAC Insured
|
No Opt. Call
|
A–
|
11,136,000
|
|
30,000
|
0.000%, 12/15/36 – AMBAC Insured
|
No Opt. Call
|
A–
|
12,612,000
|
|
7,330
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B,
|
6/21 at 100.00
|
A–
|
7,716,144
|
|
|
5.500%, 6/15/31
|
|
|
|
|
1,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012A,
|
6/22 at 100.00
|
A–
|
1,022,510
|
|
|
5.000%, 6/15/42
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA:
|
|
|
|
|
1,690
|
5.250%, 6/15/33
|
6/25 at 100.00
|
A–
|
1,808,672
|
|
2,840
|
5.000%, 6/15/45
|
6/25 at 100.00
|
A–
|
2,928,580
|
|
700
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2009E, 5.250%, 1/01/40
|
1/19 at 100.00
|
A+ (4)
|
703,815
|
|
|
(Pre-refunded 1/01/19)
|
|
|
|
|
2,460
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2017B, 4.000%, 1/01/34
|
1/28 at 100.00
|
A+
|
2,514,883
|
|
|
New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Trust 2016-XF1057:
|
|
|
|
|
480
|
12.523%, 1/01/43, 144A (IF) (5)
|
7/22 at 100.00
|
A2
|
648,715
|
|
835
|
12.523%, 1/01/43, 144A (Pre-refunded 7/01/22) (IF), (5)
|
7/22 at 100.00
|
N/R (4)
|
1,128,494
|
|
570
|
Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L, 5.000%, 5/01/43
|
5/23 at 100.00
|
Aa3
|
620,884
|
|
3,215
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/28 at 100.00
|
A–
|
3,466,027
|
|
|
Series 2018A, 5.000%, 6/01/36
|
|
|
|
|
380
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/28 at 100.00
|
BBB
|
385,768
|
|
|
Series 2018B, 5.000%, 6/01/46
|
|
|
|
|
182,455
|
Total New Jersey
|
|
|
135,181,758
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New Mexico – 0.5% (0.3% of Total Investments)
|
|
|
|
|
$ 1,295
|
Farmington, New Mexico, Hospital Revenue Bonds, San Juan Regional Medical Center Inc., Series
|
1/19 at 100.00
|
A3
|
$ 1,298,095
|
|
|
2004A, 5.125%, 6/01/19
|
|
|
|
|
2,000
|
Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico
|
6/20 at 100.00
|
BBB+
|
2,102,140
|
|
|
San Juan Project, Refunding Series 2010D, 5.900%, 6/01/40
|
|
|
|
|
3,370
|
New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare
|
11/27 at 100.00
|
AA
|
3,659,685
|
|
|
Services, Series 2017A, 5.000%, 8/01/46
|
|
|
|
|
5,585
|
Santa Fe County, New Mexico, Correctional System Gross Receipts Tax Revenue Bonds, Series
|
No Opt. Call
|
AA
|
6,372,429
|
|
|
1997, 6.000%, 2/01/27 – AGM Insured
|
|
|
|
|
12,250
|
Total New Mexico
|
|
|
13,432,349
|
|
|
New York – 7.3% (4.5% of Total Investments)
|
|
|
|
|
|
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
|
|
|
|
|
|
Bonds, Barclays Center Project, Series 2009:
|
|
|
|
|
4,605
|
6.000%, 7/15/30 (Pre-refunded 1/15/20)
|
1/20 at 100.00
|
AA+ (4)
|
4,826,639
|
|
3,065
|
6.250%, 7/15/40 (Pre-refunded 1/15/20)
|
1/20 at 100.00
|
AA+ (4)
|
3,221,560
|
|
6,600
|
0.000%, 7/15/44
|
No Opt. Call
|
BBB–
|
1,920,996
|
|
490
|
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds,
|
7/25 at 100.00
|
BBB+
|
527,867
|
|
|
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 University,
|
7/23 at 100.00
|
A–
|
3,348,594
|
|
|
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–
|
1,688,081
|
|
3,195
|
5.000%, 5/01/43
|
5/25 at 100.00
|
A–
|
3,410,119
|
|
600
|
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center
|
6/27 at 100.00
|
BBB–
|
647,718
|
|
|
Obligated Group, Series 2017, 5.000%, 12/01/34, 144A
|
|
|
|
|
5,325
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
|
3/21 at 100.00
|
AAA
|
5,615,425
|
|
|
Purpose Series 2011C, 5.000%, 3/15/41
|
|
|
|
|
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012
|
|
|
|
|
|
Series 2011A:
|
|
|
|
|
990
|
5.750%, 2/15/47
|
2/21 at 100.00
|
AA–
|
1,059,874
|
|
2,965
|
5.250%, 2/15/47
|
2/21 at 100.00
|
AA–
|
3,140,202
|
|
1,610
|
5.750%, 2/15/47 (Pre-refunded 2/15/21)
|
2/21 at 100.00
|
Aa3 (4)
|
1,741,939
|
|
135
|
5.250%, 2/15/47 (Pre-refunded 2/15/21)
|
2/21 at 100.00
|
Aa3 (4)
|
144,565
|
|
7,500
|
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series
|
No Opt. Call
|
A
|
8,909,850
|
|
|
2005, 5.250%, 10/01/35
|
|
|
|
|
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A:
|
|
|
|
|
3,000
|
5.000%, 9/01/39
|
9/24 at 100.00
|
A–
|
3,275,010
|
|
1,155
|
4.000%, 9/01/39 – AGM Insured
|
9/24 at 100.00
|
AA
|
1,163,917
|
|
860
|
5.000%, 9/01/44
|
9/24 at 100.00
|
A–
|
936,927
|
|
5,000
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2018,
|
9/28 at 100.00
|
A–
|
5,570,600
|
|
|
5.000%, 9/01/37
|
|
|
|
|
10,000
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding Series
|
No Opt. Call
|
AA
|
5,815,000
|
|
|
2012A, 0.000%, 11/15/32
|
|
|
|
|
1,000
|
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2009B,
|
11/19 at 100.00
|
AA (4)
|
1,032,070
|
|
|
5.000%, 11/15/34 (Pre-refunded 11/15/19)
|
|
|
|
|
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2011A:
|
|
|
|
|
465
|
,5.000%, 11/15/41
|
11/21 at 100.00
|
AA–
|
504,888
|
|
285
|
5.000%, 11/15/41 (Pre-refunded 11/15/21)
|
11/21 at 100.00
|
N/R (4)
|
309,447
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New York (continued)
|
|
|
|
|
$ 5,000
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013A,
|
5/23 at 100.00
|
AA–
|
$ 5,329,250
|
|
|
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
|
5.750%, 10/01/37, (7)
|
1/19 at 100.00
|
N/R
|
315,000
|
|
1,000
|
5.875%, 10/01/46, (7)
|
10/37 at 100.00
|
N/R
|
630,000
|
|
4,755
|
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project
|
3/19 at 100.00
|
AA
|
4,847,057
|
|
|
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured
|
|
|
|
|
3,400
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
|
12/20 at 100.00
|
AA+
|
3,609,882
|
|
|
Bonds, Second Generation Resolution, Fiscal 2011 Series EE, 5.375%, 6/15/43
|
|
|
|
|
5,900
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second
|
6/23 at 100.00
|
AA+
|
6,331,526
|
|
|
General Resolution Revenue Bonds, Fiscal 2014 Series BB, 5.000%, 6/15/46
|
|
|
|
|
500
|
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue
|
6/19 at 100.00
|
AA+
|
531,480
|
|
|
Bonds, Tender Option Bond Trust 2015-XF0097, 13.186%, 6/15/39, 144A (IF)
|
|
|
|
|
5,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
|
5/23 at 100.00
|
AAA
|
5,419,950
|
|
|
Fiscal 2013 Series I, 5.000%, 5/01/38
|
|
|
|
|
2,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
|
5/26 at 100.00
|
AAA
|
2,189,420
|
|
|
Fiscal 2017 Series A-1, 5.000%, 5/01/40
|
|
|
|
|
3,760
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
|
2/27 at 100.00
|
AAA
|
4,129,721
|
|
|
Fiscal 2017 Series E-1, 5.000%, 2/01/43
|
|
|
|
|
5,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
|
5/28 at 100.00
|
AAA
|
5,575,900
|
|
|
Fiscal 2018 Series C-3, 5.000%, 5/01/40
|
|
|
|
|
2,060
|
New York City, New York, General Obligation Bonds, Fiscal 2017 Series B-1, 5.000%, 12/01/41
|
12/26 at 100.00
|
AA
|
2,274,281
|
|
5
|
New York City, New York, General Obligation Bonds, Fiscal Series 2005M, 5.000%, 4/01/24
|
1/19 at 100.00
|
AA
|
5,013
|
|
2,000
|
New York Convention Center Development Corporation, New York, Revenue Bonds, Hotel Unit Fee
|
11/25 at 100.00
|
Aa3
|
2,183,040
|
|
|
Secured, Refunding Series 2015, 5.000%, 11/15/45
|
|
|
|
|
540
|
New York Counties Tobacco Trust I, Tobacco Settlement Pass-Through Bonds, Series 2000B,
|
1/19 at 100.00
|
A–
|
540,140
|
|
|
6.500%, 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
|
25,814,855
|
|
|
Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A
|
|
|
|
|
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
|
|
|
|
|
|
Center Project, Series 2011:
|
|
|
|
|
1,560
|
5.000%, 11/15/44
|
11/21 at 100.00
|
A+
|
1,648,951
|
|
4,350
|
5.750%, 11/15/51
|
11/21 at 100.00
|
A+
|
4,744,849
|
|
5,260
|
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds,
|
8/21 at 100.00
|
BB–
|
5,432,581
|
|
|
American Airlines, Inc. John F Kennedy International Airport Project, Refunding Series 2016,
|
|
|
|
|
|
5.000%, 8/01/31 (Alternative Minimum Tax)
|
|
|
|
|
3,050
|
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds,
|
1/28 at 100.00
|
Baa3
|
3,294,061
|
|
|
Delta Air Lines, Inc. – LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018,
|
|
|
|
|
|
5.000%, 1/01/34 (Alternative Minimum Tax)
|
|
|
|
|
|
New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport
|
|
|
|
|
|
Terminal B Redevelopment Project, Series 2016A:
|
|
|
|
|
2,000
|
4.000%, 7/01/35 – AGM Insured (Alternative Minimum Tax)
|
7/24 at 100.00
|
AA
|
2,014,040
|
|
10,800
|
5.000%, 7/01/41 (Alternative Minimum Tax)
|
7/24 at 100.00
|
BBB
|
11,275,200
|
|
10,000
|
5.000%, 7/01/46 (Alternative Minimum Tax)
|
7/24 at 100.00
|
BBB
|
10,419,400
|
|
19,560
|
5.250%, 1/01/50 (Alternative Minimum Tax)
|
7/24 at 100.00
|
BBB
|
20,614,871
|
|
500
|
Onondaga Civic Development Corporation, New York, Revenue Bonds, Saint Joseph’s Hospital
|
7/19 at 100.00
|
N/R (4)
|
510,610
|
|
|
Health Center Project, Series 2014A, 5.125%, 7/01/31 (Pre-refunded 7/01/19)
|
|
|
|
|
1,310
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy
|
12/23 at 100.00
|
AA–
|
1,414,617
|
|
|
Eighth Series 2013, 5.000%, 12/01/43 (Alternative Minimum Tax)
|
|
|
|
|
4,320
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy
|
12/23 at 100.00
|
AA–
|
4,771,397
|
|
|
Ninth Series 2013, 5.000%, 12/01/38
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New York (continued)
|
|
|
|
|
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
|
|
|
|
|
Terminal LLC Project, Eighth Series 2010:
|
|
|
|
|
$ 5,000
|
6.500%, 12/01/28
|
1/19 at 100.00
|
Baa1
|
$ 5,252,750
|
|
590
|
5.500%, 12/01/31
|
12/20 at 100.00
|
Baa1
|
627,512
|
|
1,670
|
6.000%, 12/01/36
|
12/20 at 100.00
|
Baa1
|
1,791,259
|
|
3,045
|
6.000%, 12/01/42
|
12/20 at 100.00
|
Baa1
|
3,262,261
|
|
1,170
|
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Peconic Landing At
|
12/20 at 100.00
|
BBB–
|
1,239,510
|
|
|
Southold, Inc. Project, Refunding Series 2010, 5.875%, 12/01/30
|
|
|
|
|
|
Syracuse Industrial Development Authority, New York, PILOT Revenue Bonds, Carousel Center
|
|
|
|
|
|
Project, Refunding Series 2016A:
|
|
|
|
|
2,835
|
5.000%, 1/01/29 (Alternative Minimum Tax)
|
1/26 at 100.00
|
A–
|
3,040,963
|
|
2,700
|
5.000%, 1/01/34 (Alternative Minimum Tax)
|
1/26 at 100.00
|
A–
|
2,849,391
|
|
209,960
|
Total New York
|
|
|
212,742,026
|
|
|
North Carolina – 1.6% (1.0% of Total Investments)
|
|
|
|
|
12,250
|
Fayetteville State University, North Carolina, General Revenue Bonds, Series 2013A,
|
4/23 at 100.00
|
A–
|
13,129,672
|
|
|
5.125%, 4/01/43
|
|
|
|
|
|
North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes
|
|
|
|
|
|
Project, Series 2015:
|
|
|
|
|
3,555
|
5.000%, 12/31/37 (Alternative Minimum Tax)
|
6/25 at 100.00
|
BBB–
|
3,771,571
|
|
3,480
|
5.000%, 6/30/54 (Alternative Minimum Tax)
|
6/25 at 100.00
|
BBB–
|
3,646,309
|
|
10,300
|
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 1993B,
|
No Opt. Call
|
Baa2 (4)
|
11,469,462
|
|
|
6.000%, 1/01/22 – CAPMAC Insured (ETM) (UB) (5)
|
|
|
|
|
1,570
|
North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds,
|
10/24 at 102.00
|
N/R
|
1,650,525
|
|
|
Southminster Project, Refunding Series 2016, 5.000%, 10/01/31
|
|
|
|
|
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, WakeMed,
|
|
|
|
|
|
Refunding Series 2012A:
|
|
|
|
|
5,000
|
5.000%, 10/01/27
|
10/22 at 100.00
|
A+
|
5,455,400
|
|
3,400
|
5.000%, 10/01/31
|
10/22 at 100.00
|
A+
|
3,676,692
|
|
500
|
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series
|
1/26 at 100.00
|
A
|
555,500
|
|
|
2015A, 5.000%, 1/01/32
|
|
|
|
|
1,900
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Series 2009A,
|
1/19 at 100.00
|
AA (4)
|
1,912,084
|
|
|
5.750%, 1/01/39 (Pre-refunded 1/01/19) – AGC Insured
|
|
|
|
|
41,955
|
Total North Carolina
|
|
|
45,267,215
|
|
|
North Dakota – 0.3% (0.4% of Total Investments)
|
|
|
|
|
675
|
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center
|
7/22 at 100.00
|
N/R (4)
|
735,932
|
|
|
Project, Refunding Series 2012A, 5.000%, 7/01/38 (Pre-refunded 7/01/22)
|
|
|
|
|
6,100
|
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011,
|
11/21 at 100.00
|
A+
|
6,799,609
|
|
|
6.250%, 11/01/31
|
|
|
|
|
1,875
|
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated
|
12/21 at 100.00
|
A–
|
1,953,619
|
|
|
Group, Series 2012, 5.000%, 12/01/32
|
|
|
|
|
700
|
Grand Forks, North Dakota, Senior Housing & Nursing Facilities Revenue Bonds, Valley Homes and
|
12/26 at 100.00
|
N/R
|
681,289
|
|
|
Services Obligated Group, Series 2017, 5.000%, 12/01/36
|
|
|
|
|
9,350
|
Total North Dakota
|
|
|
10,170,449
|
|
|
Ohio – 8.5% (5.2% of Total Investments)
|
|
|
|
|
6,250
|
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue
|
11/26 at 100.00
|
A–
|
6,662,875
|
|
|
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
|
AA–
|
5,924,580
|
|
|
4.000%, 8/01/36
|
|
|
|
|
1,340
|
Bowling Green State University, Ohio, General Receipts Bonds, Series 2017B, 5.000%, 6/01/45
|
6/27 at 100.00
|
A+
|
1,451,662
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Ohio (continued)
|
|
|
|
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
|
|
|
|
|
Bonds, Senior Lien, Series 2007A-2:
|
|
|
|
|
$ 4,930
|
5.375%, 6/01/24
|
12/18 at 100.00
|
B–
|
$ 4,817,300
|
|
12,835
|
5.125%, 6/01/24
|
12/18 at 100.00
|
B–
|
12,419,146
|
|
22,830
|
5.875%, 6/01/30
|
12/18 at 100.00
|
B–
|
22,499,422
|
|
11,785
|
5.750%, 6/01/34
|
12/18 at 100.00
|
B–
|
11,382,307
|
|
12,645
|
6.000%, 6/01/42
|
12/18 at 100.00
|
B–
|
12,487,190
|
|
2,355
|
6.500%, 6/01/47
|
12/18 at 100.00
|
B–
|
2,380,363
|
|
18,640
|
5.875%, 6/01/47
|
12/18 at 100.00
|
B–
|
18,173,068
|
|
24,910
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
B–
|
25,170,309
|
|
|
Revenue Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37
|
|
|
|
|
|
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Refunding Series 2017:
|
|
|
|
|
3,940
|
4.000%, 11/15/34
|
11/27 at 100.00
|
A
|
3,916,872
|
|
3,000
|
4.000%, 11/15/35
|
11/27 at 100.00
|
A
|
2,952,600
|
|
|
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010:
|
|
|
|
|
7,125
|
5.250%, 11/01/29 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
A (4)
|
7,541,599
|
|
1,000
|
5.750%, 11/01/40 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
A (4)
|
1,068,180
|
|
1,665
|
5.500%, 11/01/40 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
N/R (4)
|
1,770,444
|
|
3,335
|
5.500%, 11/01/40 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
A (4)
|
3,546,206
|
|
4,795
|
Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center Project,
|
6/23 at 100.00
|
Baa3
|
4,917,896
|
|
|
Series 2013, 5.000%, 6/15/43
|
|
|
|
|
760
|
Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement
|
7/20 at 100.00
|
BBB
|
787,596
|
|
|
Services, Improvement Series 2010A, 5.625%, 7/01/26
|
|
|
|
|
5,000
|
Hamilton County, Ohio, Hospital Facilities Revenue Bonds, TriHealth, Inc. Obligated Group
|
8/27 at 100.00
|
A+
|
5,359,400
|
|
|
Project, Series 2017A, 5.000%, 8/15/42
|
|
|
|
|
|
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien
|
|
|
|
|
|
Series 2013A:
|
|
|
|
|
1,000
|
5.000%, 1/01/38
|
1/23 at 100.00
|
AA
|
1,077,290
|
|
16,820
|
5.000%, 1/01/38 (UB) (5)
|
1/23 at 100.00
|
Aa3
|
18,120,018
|
|
|
JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds, Tender
|
|
|
|
|
|
Option Bond Trust 2016-XG0052:
|
|
|
|
|
1,315
|
13.546%, 1/01/38, 144A (IF) (5)
|
1/23 at 100.00
|
Aa3
|
1,721,559
|
|
625
|
13.546%, 1/01/38, 144A (IF) (5)
|
1/23 at 100.00
|
Aa3
|
818,231
|
|
975
|
13.546%, 1/01/38, 144A (IF) (5)
|
1/23 at 100.00
|
Aa3
|
1,276,441
|
|
265
|
13.459%, 1/01/38, 144A (IF) (5)
|
1/23 at 100.00
|
Aa3
|
346,305
|
|
8,360
|
Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc., Refunding
|
8/25 at 100.00
|
A–
|
8,801,241
|
|
|
Series 2015, 5.000%, 8/15/45
|
|
|
|
|
7,495
|
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series
|
11/21 at 100.00
|
Baa1 (4)
|
8,313,004
|
|
|
2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21)
|
|
|
|
|
1,000
|
Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health Center
|
8/21 at 100.00
|
A2
|
1,069,510
|
|
|
Project, Refunding Series 2011, 5.125%, 8/01/31
|
|
|
|
|
2,545
|
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,
|
1/19 at 100.00
|
BBB+
|
2,573,020
|
|
|
5.000%, 5/01/30
|
|
|
|
|
2,000
|
Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated
|
2/23 at 100.00
|
BB+
|
2,039,240
|
|
|
Group Project, Series 2013, 5.000%, 2/15/33
|
|
|
|
|
3,000
|
Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy
|
No Opt. Call
|
N/R
|
2,910,000
|
|
|
Generation Corporation Project, Refunding Series 2009D, 4.250%, 8/01/29 (Mandatory
|
|
|
|
|
|
put 9/15/21) (7)
|
|
|
|
|
1,000
|
Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton, Refunding
|
12/20 at 100.00
|
A+
|
1,059,380
|
|
|
Series 2011A, 5.375%, 12/01/30
|
|
|
|
|
4,350
|
Ohio Higher Educational Facility Commission, Revenue Bonds, University of Dayton, Series
|
6/25 at 100.00
|
A+
|
4,656,501
|
|
|
2015A, 5.000%, 12/01/44
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Ohio (continued)
|
|
|
|
|
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien
|
|
|
|
|
|
Series 2013A-1:
|
|
|
|
|
$ 1,500
|
5.250%, 2/15/39
|
2/23 at 100.00
|
Aa3
|
$ 1,640,415
|
|
10,530
|
5.000%, 2/15/48
|
2/23 at 100.00
|
Aa3
|
11,304,903
|
|
3,710
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien
|
2/31 at 100.00
|
Aa3
|
3,513,333
|
|
|
Convertible Series 2013A-3, 0.000%, 2/15/36 (6)
|
|
|
|
|
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien
|
|
|
|
|
|
Series 2018A:
|
|
|
|
|
3,375
|
4.000%, 2/15/38
|
2/28 at 100.00
|
Aa3
|
3,424,613
|
|
16,325
|
5.000%, 2/15/43
|
2/28 at 100.00
|
Aa3
|
18,033,248
|
|
241,330
|
Total Ohio
|
|
|
247,927,267
|
|
|
Oklahoma – 0.4% (0.2% of Total Investments)
|
|
|
|
|
1,925
|
Fort Sill Apache Tribe of Oklahoma Economic Development Authority, Gaming Enterprise Revenue
|
8/21 at 100.00
|
N/R
|
2,194,519
|
|
|
Bonds, Fort Sill Apache Casino, Series 2011A, 8.500%, 8/25/26, 144A
|
|
|
|
|
3,000
|
Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Series 2013A,
|
6/23 at 100.00
|
AA
|
3,294,180
|
|
|
5.625%, 6/01/43 – BAM Insured (Alternative Minimum Tax)
|
|
|
|
|
4,985
|
Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Series 2015A,
|
6/24 at 100.00
|
AA
|
5,249,803
|
|
|
5.000%, 6/01/45 – BAM Insured (Alternative Minimum Tax)
|
|
|
|
|
1,000
|
Tulsa County Industrial Authority, Oklahoma, Senior Living Community Revenue Bonds, Montereau,
|
11/25 at 102.00
|
N/R
|
1,082,770
|
|
|
Inc. Project, Refunding Series 2017, 5.250%, 11/15/37
|
|
|
|
|
10,910
|
Total Oklahoma
|
|
|
11,821,272
|
|
|
Oregon – 2.0% (1.2% of Total Investments)
|
|
|
|
|
2,435
|
Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation
|
6/27 at 100.00
|
AA+
|
2,733,555
|
|
|
Bonds, Convertible Deferred Interest Series 2017D, 5.000%, 6/15/36
|
|
|
|
|
4,875
|
Deschutes County Hospital Facility Authority, Oregon, Hospital Revenue Bonds, Saint Charles
|
1/26 at 100.00
|
A+
|
5,163,356
|
|
|
Health System, Inc., Series 2016A, 5.000%, 1/01/48
|
|
|
|
|
1,750
|
Metro, Oregon, Dedicated Tax Revenue Bonds, Oregon Convention Center Hotel, Series 2017,
|
6/27 at 100.00
|
Aa3
|
1,920,590
|
|
|
5.000%, 6/15/47
|
|
|
|
|
15,440
|
Oregon Facilities Authority, Revenue Bonds, Legacy Health Project, Refunding Series 2016A,
|
6/26 at 100.00
|
AA–
|
16,565,885
|
|
|
5.000%, 6/01/46
|
|
|
|
|
1,500
|
Oregon Health and Science University, Revenue Bonds, Refunding Series 2016B, 5.000%, 7/01/39
|
7/26 at 100.00
|
AA–
|
1,648,980
|
|
|
Port of Portland, Oregon, International Airport Revenue Bonds, Series 2017-24B:
|
|
|
|
|
4,000
|
5.000%, 7/01/36 (Alternative Minimum Tax)
|
1/27 at 100.00
|
AA–
|
4,369,240
|
|
1,000
|
5.000%, 7/01/37 (Alternative Minimum Tax)
|
1/27 at 100.00
|
AA–
|
1,090,100
|
|
12,645
|
5.000%, 7/01/42 (Alternative Minimum Tax)
|
1/27 at 100.00
|
AA–
|
13,663,934
|
|
10,000
|
5.000%, 7/01/47 (Alternative Minimum Tax)
|
1/27 at 100.00
|
AA–
|
10,769,500
|
|
53,645
|
Total Oregon
|
|
|
57,925,140
|
|
|
Pennsylvania – 5.2% (3.2% of Total Investments)
|
|
|
|
|
1,100
|
Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement
|
11/19 at 100.00
|
BB–
|
1,121,505
|
|
|
Revenue Bonds, United States Steel Corporation Project, Refunding Series 2009, 6.750%, 11/01/24
|
|
|
|
|
7,500
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health
|
4/28 at 100.00
|
A
|
7,932,450
|
|
|
Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/47
|
|
|
|
|
2,000
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of
|
8/19 at 100.00
|
AA–
|
2,049,780
|
|
|
Pittsburgh Medical Center, Series 2009A, 5.375%, 8/15/29
|
|
|
|
|
|
Allegheny County, Pennsylvania, General Obligation Bonds, Series 2011C-65
|
|
|
|
|
1,960
|
5.375%, 5/01/31
|
5/21 at 100.00
|
AA–
|
2,098,062
|
|
2,570
|
5.375%, 5/01/31 (Pre-refunded 5/01/21)
|
5/21 at 100.00
|
N/R (4)
|
2,765,911
|
|
|
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master
|
|
|
|
|
|
Settlement, Series 2018:
|
|
|
|
|
345
|
5.000%, 6/01/34
|
6/28 at 100.00
|
A1
|
378,558
|
|
550
|
5.000%, 6/01/35
|
6/28 at 100.00
|
A1
|
601,183
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Pennsylvania (continued)
|
|
|
|
|
|
Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social
|
|
|
|
|
|
Ministries Project, Series 2009:
|
|
|
|
|
$ 900
|
6.125%, 1/01/29 (Pre-refunded 1/01/19)
|
1/19 at 100.00
|
N/R (4)
|
$ 905,958
|
|
100
|
6.125%, 1/01/29 (Pre-refunded 1/01/19)
|
1/19 at 100.00
|
BBB+ (4)
|
100,687
|
|
|
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
|
A1
|
3,914,260
|
|
8,385
|
5.000%, 7/01/42
|
7/27 at 100.00
|
A1
|
9,297,791
|
|
|
Erie Water Authority, Erie County, Pennsylvania, Water Revenue Bonds, Series 2008:
|
|
|
|
|
320
|
5.000%, 12/01/43 (Pre-refunded 12/01/18) – AGM Insured
|
12/18 at 100.00
|
AA (4)
|
320,822
|
|
1,670
|
5.000%, 12/01/43 (Pre-refunded 12/01/18) – AGM Insured
|
12/18 at 100.00
|
AA (4)
|
1,674,292
|
|
195
|
5.000%, 12/01/43 (Pre-refunded 12/01/18) – AGM Insured
|
12/18 at 100.00
|
AA (4)
|
195,501
|
|
315
|
Erie Water Authority, Erie County, Pennsylvania, Water Revenue Bonds, Series 2008, 5.000%,
|
12/18 at 100.00
|
AA
|
315,797
|
|
|
12/01/43 – AGM Insured
|
|
|
|
|
|
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
|
2,851,254
|
|
11,000
|
0.000%, 12/01/38
|
No Opt. Call
|
A
|
4,465,670
|
|
5,375
|
Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession,
|
12/23 at 100.00
|
A
|
5,814,567
|
|
|
Series 2013A, 5.125%, 12/01/47
|
|
|
|
|
|
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas
|
|
|
|
|
|
Jefferson University, Series 2018A:
|
|
|
|
|
2,400
|
5.000%, 9/01/35
|
9/28 at 100.00
|
A+
|
2,642,568
|
|
5,210
|
5.000%, 9/01/43
|
9/28 at 100.00
|
A+
|
5,638,575
|
|
1,665
|
Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage
|
8/20 at 100.00
|
N/R (4)
|
1,757,124
|
|
|
Revenue Bonds, New Regional Medical Center Project, Series 2010, 5.375%, 8/01/38
|
|
|
|
|
|
(Pre-refunded 8/01/20)
|
|
|
|
|
3,430
|
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue
|
1/25 at 100.00
|
Baa3
|
3,618,890
|
|
|
Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45
|
|
|
|
|
2,000
|
Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS
|
11/26 at 100.00
|
N/R
|
2,132,020
|
|
|
Retirement-Life Communities, Inc. Obligated Group, Series 2016, 5.000%, 11/15/36
|
|
|
|
|
235
|
Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds,
|
11/24 at 100.00
|
N/R
|
243,237
|
|
|
National Gypsum Company, Refunding Series 2014, 5.500%, 11/01/44 (Alternative Minimum Tax)
|
|
|
|
|
400
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Edinboro University
|
7/20 at 100.00
|
N/R (4)
|
423,536
|
|
|
Foundation Student Housing Project, Series 2010, 6.000%, 7/01/43 (Pre-refunded 7/01/20)
|
|
|
|
|
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds,
|
|
|
|
|
|
Subordinate Series 2010A1&2:
|
|
|
|
|
940
|
5.500%, 12/01/34 (Pre-refunded 12/01/20)
|
12/20 at 100.00
|
N/R (4)
|
1,003,723
|
|
4,310
|
5.500%, 12/01/34 (Pre-refunded 12/01/20)
|
12/20 at 100.00
|
AA– (4)
|
4,602,175
|
|
16,750
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009E,
|
12/27 at 100.00
|
A
|
20,135,342
|
|
|
6.375%, 12/01/38
|
|
|
|
|
4,305
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%, 12/01/45
|
6/25 at 100.00
|
A+
|
4,616,122
|
|
2,000
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Lien Series 2014A-1,
|
12/24 at 100.00
|
A
|
2,139,240
|
|
|
5.000%, 12/01/38
|
|
|
|
|
14,500
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C,
|
6/26 at 100.00
|
AA
|
17,336,925
|
|
|
6.250%, 6/01/33 – AGM Insured
|
|
|
|
|
6,250
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2015B-1,
|
12/25 at 100.00
|
A
|
6,576,750
|
|
|
5.000%, 12/01/45
|
|
|
|
|
5,000
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2016A-1,
|
12/25 at 100.00
|
A3
|
5,258,250
|
|
|
5.000%, 12/01/46
|
|
|
|
|
1,595
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health System
|
5/20 at 100.00
|
N/R (4)
|
1,663,059
|
|
|
Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40 (Pre-refunded 5/15/20)
|
|
|
|
|
8,650
|
Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%, 7/01/42
|
7/27 at 100.00
|
A
|
9,277,644
|
|
|
(Alternative Minimum Tax)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Pennsylvania (continued)
|
|
|
|
|
$ 1,425
|
Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2011, 6.500%, 8/01/41
|
8/20 at 100.00
|
A (4)
|
$ 1,532,203
|
|
|
(Pre-refunded 8/01/20)
|
|
|
|
|
2,350
|
Union County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Evangelical Community
|
No Opt. Call
|
A– (4)
|
2,485,031
|
|
|
Hospital Project, Refunding & Improvement Series 2011, 5.500%, 8/01/20 (ETM)
|
|
|
|
|
10,000
|
Westmoreland County Municipal Authority, Pennsylvania, Municipal Service Revenue Bonds, Series
|
8/25 at 100.00
|
AA
|
10,823,200
|
|
|
2016, 5.000%, 8/15/38 – BAM Insured
|
|
|
|
|
146,600
|
Total Pennsylvania
|
|
|
150,709,662
|
|
|
Puerto Rico – 0.3% (0.2% of Total Investments)
|
|
|
|
|
4,300
|
Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003,
|
1/19 at 100.00
|
AA–
|
4,476,257
|
|
|
4.500%, 12/01/23
|
|
|
|
|
800
|
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Bonds,
|
1/19 at 100.00
|
Ca
|
800,928
|
|
|
Refunding Series 2002D, 5.450%, 7/01/31 – AMBAC Insured
|
|
|
|
|
14,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
|
No Opt. Call
|
Baa2
|
4,154,500
|
|
|
8/01/42 – FGIC Insured
|
|
|
|
|
19,100
|
Total Puerto Rico
|
|
|
9,431,685
|
|
|
Rhode Island – 0.5% (0.3% of Total Investments)
|
|
|
|
|
7,230
|
Rhode Island Health and Educational Building Corporation, Higher Education Facility Revenue
|
9/23 at 100.00
|
AA+
|
7,861,902
|
|
|
Bonds, Brown University, Series 2013, 5.000%, 9/01/43
|
|
|
|
|
3,320
|
Rhode Island Health and Educational Building Corporation, Hospital Financing Revenue Bonds,
|
5/26 at 100.00
|
BBB+
|
3,527,467
|
|
|
Lifespan Obligated Group, Refunding Series 2016, 5.000%, 5/15/39
|
|
|
|
|
30,175
|
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
|
1/19 at 100.00
|
CCC+
|
3,398,007
|
|
|
Series 2007A, 0.000%, 6/01/52
|
|
|
|
|
40,725
|
Total Rhode Island
|
|
|
14,787,376
|
|
|
South Carolina – 4.0% (2.5% 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
|
A1
|
7,907,175
|
|
3,180
|
5.000%, 11/01/46
|
5/26 at 100.00
|
A1
|
3,342,180
|
|
|
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–
|
14,011,427
|
|
1,250
|
0.000%, 1/01/31 – AMBAC Insured
|
No Opt. Call
|
AA
|
787,000
|
|
4,610
|
Rock Hill, South Carolina, Combined Utility System Revenue Bonds, Series 2016, 5.000%, 1/01/47
|
1/26 at 100.00
|
A
|
4,950,863
|
|
1,640
|
South Carolina Jobs-Economic Development Authority, Economic Development Revenue
|
10/25 at 100.00
|
AA–
|
1,811,052
|
|
|
Bonds, Furman University, Refunding Series 2015, 5.000%, 10/01/45
|
|
|
|
|
6,000
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, McLeod Health
|
5/28 at 100.00
|
AA
|
6,549,540
|
|
|
Projects, Refunding & Improvement Series 2018, 5.000%, 11/01/43
|
|
|
|
|
875
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health,
|
8/21 at 100.00
|
AA (4)
|
974,732
|
|
|
Refunding Series 2011A, 6.500%, 8/01/39 (Pre-refunded 8/01/21) – AGM Insured
|
|
|
|
|
9,000
|
South Carolina Public Service Authority Santee Cooper Revenue Obligations, Refunding Series
|
12/26 at 100.00
|
A+
|
9,357,390
|
|
|
2016B, 5.000%, 12/01/56
|
|
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding
|
|
|
|
|
|
Series 2014C:
|
|
|
|
|
5,875
|
5.000%, 12/01/39
|
12/24 at 100.00
|
A+
|
6,143,958
|
|
15,760
|
5.000%, 12/01/46
|
12/24 at 100.00
|
A+
|
16,404,111
|
|
5,500
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2013A,
|
12/23 at 100.00
|
A+
|
5,732,925
|
|
|
5.125%, 12/01/43
|
|
|
|
|
3,455
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2014A,
|
6/24 at 100.00
|
A+
|
3,663,924
|
|
|
5.500%, 12/01/54
|
|
|
|
|
14,765
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2015E,
|
12/25 at 100.00
|
A+
|
15,640,565
|
|
|
5.250%, 12/01/55
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
South Carolina (continued)
|
|
|
|
|
$ 12,620
|
South Carolina State Ports Authority Revenue Bonds, Series 2018, 5.000%, 7/01/48 (Alternative
|
7/28 at 100.00
|
A+
|
$ 13,559,811
|
|
|
Minimum Tax)
|
|
|
|
|
5,000
|
South Carolina State Ports Authority, Revenue Bonds, Series 2015, 5.250%, 7/01/55 (Alternative
|
7/25 at 100.00
|
A+
|
5,398,600
|
|
|
Minimum Tax)
|
|
|
|
|
118,595
|
Total South Carolina
|
|
|
116,235,253
|
|
|
South Dakota – 0.8% (0.5% of Total Investments)
|
|
|
|
|
1,300
|
Deadwood, South Dakota, Sales Tax Revenue Bonds, Series 2009B, 6.250%, 12/01/28
|
12/19 at 100.00
|
N/R
|
1,312,870
|
|
11,320
|
South Dakota Board of Regents, Housing and Auxiliary Facilities System Revenue Bonds, Series
|
10/27 at 100.00
|
Aa3
|
11,217,667
|
|
|
2017, 4.000%, 4/01/42
|
|
|
|
|
2,685
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Regional Health,
|
9/27 at 100.00
|
A1
|
2,651,142
|
|
|
Refunding Series 2017, 4.000%, 9/01/36
|
|
|
|
|
1,460
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health,
|
11/24 at 100.00
|
A+
|
1,553,980
|
|
|
Series 2014B, 5.000%, 11/01/44
|
|
|
|
|
7,185
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health,
|
11/25 at 100.00
|
A+
|
7,646,852
|
|
|
Series 2015, 5.000%, 11/01/45
|
|
|
|
|
23,950
|
Total South Dakota
|
|
|
24,382,511
|
|
|
Tennessee – 2.3% (1.4% of Total Investments)
|
|
|
|
|
9,460
|
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, Catholic
|
1/23 at 100.00
|
BBB+
|
9,957,123
|
|
|
Health Initiatives, Series 2013A, 5.250%, 1/01/45
|
|
|
|
|
9,000
|
Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Ballad
|
7/28 at 100.00
|
A
|
9,828,180
|
|
|
Health, Series 2018A, 5.000%, 7/01/36
|
|
|
|
|
3,125
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds,
|
7/20 at 100.00
|
A– (4)
|
3,319,437
|
|
|
Mountain States Health Alliance, Refunding Series 2010A, 6.000%, 7/01/38 (Pre-refunded 7/01/20)
|
|
|
|
|
75
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Refunding
|
7/23 at 100.00
|
Baa1 (4)
|
75,185
|
|
|
and Improvement Bonds, Johnson City Medical Center, Series 1998C, 5.125%, 7/01/25
|
|
|
|
|
|
(Pre-refunded 7/01/23) – NPFG Insured
|
|
|
|
|
17,000
|
Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds,
|
1/27 at 100.00
|
A
|
18,088,000
|
|
|
Covenant Health, Refunding Series 2016A, 5.000%, 1/01/47
|
|
|
|
|
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board,
|
|
|
|
|
|
Tennessee, Revenue Bonds, Belmont University Project, Series 2012:
|
|
|
|
|
3,000
|
5.000%, 11/01/23
|
11/21 at 100.00
|
A
|
3,206,310
|
|
3,200
|
5.000%, 11/01/24
|
11/21 at 100.00
|
A
|
3,413,408
|
|
3,400
|
5.000%, 11/01/25
|
11/21 at 100.00
|
A
|
3,626,746
|
|
535
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board,
|
7/26 at 100.00
|
A3
|
569,620
|
|
|
Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A, 5.000%, 7/01/46
|
|
|
|
|
10,000
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board,
|
10/19 at 100.00
|
AA+ (4)
|
10,275,700
|
|
|
Tennessee, Revenue Bonds, Vanderbilt University, Refunding Series 2009B, 5.000%, 10/01/39
|
|
|
|
|
|
(Pre-refunded 10/01/19)
|
|
|
|
|
4,000
|
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006A, 5.250%, 9/01/26
|
No Opt. Call
|
A
|
4,546,040
|
|
62,795
|
Total Tennessee
|
|
|
66,905,749
|
|
|
Texas – 16.8% (10.3% of Total Investments)
|
|
|
|
|
8,835
|
Arlington, Texas, Special Tax Revenue Bonds, Senior Lien Series 2018A, 5.000%, 2/15/43 –
|
2/28 at 100.00
|
AA+
|
9,708,340
|
|
|
AGM Insured
|
|
|
|
|
3,040
|
Austin, Texas, Airport System Revenue Bonds, Series 2015, 5.000%, 11/15/44 (Alternative
|
11/24 at 100.00
|
A1
|
3,263,896
|
|
|
Minimum Tax)
|
|
|
|
|
4,500
|
Austin, Texas, Airport System Revenue Bonds, Series 2017B, 5.000%, 11/15/46 (Alternative
|
11/26 at 100.00
|
A1
|
4,812,975
|
|
|
Minimum Tax)
|
|
|
|
|
13,705
|
Austin, Texas, Electric Utility System Revenue Bonds, Series 2015A, 5.000%, 11/15/45 (UB) (5)
|
11/25 at 100.00
|
Aa3
|
15,057,821
|
|
5,000
|
Austin, Texas, Water and Wastewater System Revenue Bonds, Refunding Series 2013A,
|
5/23 at 100.00
|
AA
|
5,418,900
|
|
|
5.000%, 11/15/43
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
$ 1,000
|
Bell County Water Control Improvement District 1, Texas, Water Revenue Bonds, Series 2014,
|
7/23 at 100.00
|
AA
|
$ 1,078,200
|
|
|
5.000%, 7/10/37 – BAM Insured
|
|
|
|
|
3,225
|
Brazos River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC
|
11/18 at 100.00
|
N/R
|
32
|
|
|
Project, Series 2003C, 6.750%, 10/01/38 (Alternative Minimum Tax) (7)
|
|
|
|
|
4,670
|
Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric
|
1/19 at 100.00
|
N/R
|
47
|
|
|
Company, Series 1999C, 7.700%, 3/01/32 (Alternative Minimum Tax) (7)
|
|
|
|
|
|
Bryan, Brazos County, Texas, Electric System Revenue Bonds, Refunding Series 2012:
|
|
|
|
|
1,000
|
5.000%, 7/01/28
|
7/22 at 100.00
|
A+
|
1,077,150
|
|
1,000
|
5.000%, 7/01/29
|
7/22 at 100.00
|
A+
|
1,076,790
|
|
5,500
|
Capital Area Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, The
|
4/20 at 100.00
|
Baa1
|
5,735,235
|
|
|
Roman Catholic Diocese of Austin, Series 2005B, 6.125%, 4/01/45
|
|
|
|
|
|
Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien Series 2013A:
|
|
|
|
|
765
|
5.000%, 1/01/43
|
1/23 at 100.00
|
A–
|
807,549
|
|
1,100
|
5.000%, 1/01/43 – AGM Insured
|
1/23 at 100.00
|
AA
|
1,169,949
|
|
1,250
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2010, 5.750%,
|
1/20 at 100.00
|
A– (4)
|
1,302,738
|
|
|
1/01/25 (Pre-refunded 1/01/20)
|
|
|
|
|
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011:
|
|
|
|
|
1,000
|
6.000%, 1/01/41 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
A– (4)
|
1,077,630
|
|
3,380
|
6.250%, 1/01/46 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
A– (4)
|
3,660,134
|
|
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A:
|
|
|
|
|
2,600
|
5.000%, 1/01/35
|
7/25 at 100.00
|
A–
|
2,823,470
|
|
3,035
|
5.000%, 1/01/45
|
7/25 at 100.00
|
A–
|
3,253,004
|
|
1,000
|
Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea Public
|
8/23 at 100.00
|
BBB+
|
1,090,810
|
|
|
Schools, Series 2013, 6.000%, 8/15/43
|
|
|
|
|
2,500
|
Colorado River Municipal Water District, Texas, Water System Revenue Bonds, Series 2011,
|
1/21 at 100.00
|
AA– (4)
|
2,652,525
|
|
|
5.000%, 1/01/36 (Pre-refunded 1/01/21)
|
|
|
|
|
2,770
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Improvement Series 2012D,
|
11/21 at 100.00
|
A+
|
2,891,271
|
|
|
5.000%, 11/01/38 (Alternative Minimum Tax)
|
|
|
|
|
8,100
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Improvement Series 2013C,
|
11/22 at 100.00
|
A+
|
8,696,403
|
|
|
5.125%, 11/01/43 (Alternative Minimum Tax)
|
|
|
|
|
16,980
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Improvement Series 2014B,
|
11/22 at 100.00
|
A+
|
17,103,445
|
|
|
4.500%, 11/01/45 (Alternative Minimum Tax)
|
|
|
|
|
3,500
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2010A,
|
11/20 at 100.00
|
A+
|
3,645,075
|
|
|
5.000%, 11/01/42
|
|
|
|
|
10,000
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2012E,
|
11/21 at 100.00
|
A+
|
10,420,400
|
|
|
5.000%, 11/01/42 (Alternative Minimum Tax)
|
|
|
|
|
9,000
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Series 2012H, 5.000%,
|
11/21 at 100.00
|
A+
|
9,378,360
|
|
|
11/01/42 (Alternative Minimum Tax)
|
|
|
|
|
200
|
Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series 2014A,
|
9/24 at 100.00
|
BBB–
|
209,590
|
|
|
5.250%, 9/01/44
|
|
|
|
|
6,090
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier Series
|
10/23 at 100.00
|
A–
|
6,544,436
|
|
|
2013A, 5.125%, 10/01/43
|
|
|
|
|
9,120
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien
|
10/23 at 100.00
|
AA+
|
9,800,626
|
|
|
Series 2013B, 5.000%, 4/01/53
|
|
|
|
|
5,295
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien
|
4/28 at 100.00
|
AA+
|
5,833,396
|
|
|
Series 2018A. Tela Supported, 5.000%, 10/01/48
|
|
|
|
|
4,105
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Tender Option Bond
|
10/23 at 100.00
|
AA
|
5,330,712
|
|
|
Trust 2015-XF0228, 13.326%, 11/01/44, 144A (IF)
|
|
|
|
|
2,960
|
Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo
|
10/22 at 100.00
|
BB
|
3,019,526
|
|
|
Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25 (Alternative Minimum Tax)
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
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:
|
|
|
|
|
$ 3,480
|
5.000%, 12/01/45
|
6/25 at 100.00
|
AA
|
$ 3,746,185
|
|
1,895
|
4.000%, 12/01/45
|
6/25 at 100.00
|
AA
|
1,825,075
|
|
1,615
|
Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Refunding
|
6/23 at 100.00
|
Baa2
|
1,701,273
|
|
|
Bonds, Young Men’s Christian Association of the Greater Houston Area, Series 2013A,
|
|
|
|
|
|
5.000%, 6/01/28
|
|
|
|
|
500
|
Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds,
|
11/24 at 100.00
|
AA+
|
562,100
|
|
|
Contractual Obligation Series 2014, 5.000%, 11/01/29
|
|
|
|
|
|
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
|
AA
|
178,439
|
|
1,020
|
0.000%, 11/15/42 – AGM Insured
|
11/31 at 59.73
|
AA
|
339,344
|
|
1,255
|
0.000%, 11/15/43 – AGM Insured
|
11/31 at 56.93
|
AA
|
396,944
|
|
3,305
|
0.000%, 11/15/44 – AGM Insured
|
11/31 at 54.25
|
AA
|
993,582
|
|
4,460
|
0.000%, 11/15/45 – AGM Insured
|
11/31 at 51.48
|
AA
|
1,269,004
|
|
6,500
|
0.000%, 11/15/47 – AGM Insured
|
11/31 at 46.45
|
AA
|
1,664,715
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:
|
|
|
|
|
150
|
0.000%, 11/15/24 – NPFG Insured
|
No Opt. Call
|
Baa2
|
119,441
|
|
4,440
|
0.000%, 11/15/29 – NPFG Insured
|
No Opt. Call
|
Baa2
|
2,824,772
|
|
730
|
0.000%, 11/15/30 – NPFG Insured
|
No Opt. Call
|
Baa2
|
443,168
|
|
7,570
|
0.000%, 11/15/31 – NPFG Insured
|
No Opt. Call
|
Baa2
|
4,392,038
|
|
600
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien Series
|
11/24 at 100.00
|
A3
|
646,548
|
|
|
2014C, 5.000%, 11/15/33
|
|
|
|
|
1,000
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Senior Lien Series
|
11/24 at 100.00
|
A2
|
1,099,230
|
|
|
2014A, 5.000%, 11/15/30
|
|
|
|
|
2,305
|
Harris County-Houston Sports Authority, Texas, Special Revenue Bonds, Refunding Senior Lien
|
No Opt. Call
|
AA
|
2,194,821
|
|
|
Series 2001A, 0.000%, 11/15/20 – NPFG Insured
|
|
|
|
|
7,570
|
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series, Series
|
7/28 at 100.00
|
A1
|
8,184,003
|
|
|
2018A, 5.000%, 7/01/41 (Alternative Minimum Tax)
|
|
|
|
|
5,000
|
Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc.
|
No Opt. Call
|
BB
|
5,508,450
|
|
|
Technical Operations Center Project, Series 2018, 5.000%, 7/15/28 (Alternative Minimum Tax)
|
|
|
|
|
380
|
Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc.
|
7/24 at 100.00
|
BB
|
404,415
|
|
|
Terminal E Project, Refunding Series 2014, 5.000%, 7/01/29 (Alternative Minimum Tax)
|
|
|
|
|
4,000
|
Houston, Texas, Combined Utility System Revenue Bonds, First Lien Series 2011D,
|
11/21 at 100.00
|
AA
|
4,228,080
|
|
|
5.000%, 11/15/40
|
|
|
|
|
210
|
Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2009A,
|
5/19 at 100.00
|
AA (4)
|
213,650
|
|
|
5.125%, 11/15/32 (Pre-refunded 5/15/19) – AGC Insured
|
|
|
|
|
|
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
|
AA
|
2,614,657
|
|
4,130
|
0.000%, 9/01/26 – AMBAC Insured
|
No Opt. Call
|
AA
|
3,171,716
|
|
3,130
|
0.000%, 9/01/30 – AMBAC Insured
|
No Opt. Call
|
A2
|
1,941,007
|
|
12,030
|
0.000%, 9/01/31 – AMBAC Insured
|
No Opt. Call
|
A2
|
7,075,324
|
|
|
Houston, Texas, Water and Sewerage System Revenue Bonds, Refunding Junior Lien Series 1998A:
|
|
|
|
|
12,030
|
0.000%, 12/01/22 – AGM Insured (ETM)
|
No Opt. Call
|
AA+ (4)
|
10,830,850
|
|
4,680
|
0.000%, 12/01/22 – AGM Insured,
|
No Opt. Call
|
AA+
|
4,225,385
|
|
|
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
|
|
|
|
|
|
Bonds, Refunding Series 2015A:
|
|
|
|
|
8,000
|
4.000%, 8/15/37
|
8/25 at 100.00
|
AAA
|
8,190,800
|
|
2,275
|
5.000%, 8/15/40
|
8/25 at 100.00
|
AAA
|
2,486,621
|
|
4,800
|
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,
|
11/20 at 100.00
|
A3
|
5,024,016
|
|
|
Southwest Airlines Company, Series 2010, 5.250%, 11/01/40
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
$ 6,500
|
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission
|
5/26 at 100.00
|
A
|
$ 6,989,255
|
|
|
Services Corporation Project, Refunding Series 2016, 5.000%, 5/15/46
|
|
|
|
|
9,180
|
Matagorda County Navigation District 1, Texas, Collateralized Revenue Refunding Bonds, Houston
|
No Opt. Call
|
A1
|
10,387,904
|
|
|
Light and Power Company, Series 1997, 5.125%, 11/01/28 – AMBAC Insured (Alternative
|
|
|
|
|
|
Minimum Tax)
|
|
|
|
|
2,000
|
McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013,
|
12/25 at 100.00
|
B1
|
2,070,020
|
|
|
6.125%, 12/01/38
|
|
|
|
|
2,835
|
Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior
|
10/21 at 105.00
|
BB–
|
2,833,497
|
|
|
Lien Series 2018, 4.625%, 10/01/31, 144A (WI/DD, Settling 11/14/18) (Alternative Minimum Tax)
|
|
|
|
|
1,735
|
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue
|
4/24 at 100.00
|
AA
|
1,848,191
|
|
|
Bonds, CHF-Collegiate Housing Foundation – College Station I LLC – Texas A&M University
|
|
|
|
|
|
Project, Series 2014A, 5.000%, 4/01/46 – AGM Insured
|
|
|
|
|
|
North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible Capital
|
|
|
|
|
|
Appreciation Series 2011C:
|
|
|
|
|
4,030
|
0.000%, 9/01/43 (Pre-refunded 9/01/31) (6)
|
9/31 at 100.00
|
N/R (4)
|
4,314,921
|
|
8,470
|
0.000%, 9/01/45 (Pre-refunded 9/01/31) (6)
|
9/31 at 100.00
|
N/R (4)
|
9,942,425
|
|
2,000
|
North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A, 5.500%,
|
9/21 at 100.00
|
N/R (4)
|
2,174,340
|
|
|
9/01/41 (Pre-refunded 9/01/21) (UB) (5)
|
|
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, First Tier Series 2009A:
|
|
|
|
|
205
|
6.250%, 1/01/39
|
1/19 at 100.00
|
A+
|
206,312
|
|
895
|
6.250%, 1/01/39 (Pre-refunded 1/01/19)
|
1/19 at 100.00
|
N/R (4)
|
901,229
|
|
7,000
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital Appreciation
|
1/25 at 100.00
|
A+
|
8,286,880
|
|
|
Series 2008I, 6.500%, 1/01/43
|
|
|
|
|
10,260
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B,
|
1/23 at 100.00
|
A+
|
10,978,303
|
|
|
5.000%, 1/01/40
|
|
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2015A:
|
|
|
|
|
13,355
|
5.000%, 1/01/33
|
1/25 at 100.00
|
A
|
14,587,934
|
|
1,000
|
5.000%, 1/01/34
|
1/25 at 100.00
|
A
|
1,089,420
|
|
4,000
|
Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Electric Company, Series
|
1/19 at 100.00
|
N/R
|
40
|
|
|
2001C, 5.200%, 5/01/28 (7)
|
|
|
|
|
1,300
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue
|
9/19 at 100.00
|
AA
|
1,330,888
|
|
|
Bonds, Hendrick Medical Center, Series 2009B, 5.250%, 9/01/26 – AGC Insured
|
|
|
|
|
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue
|
|
|
|
|
|
Bonds, Scott & White Healthcare Project, Series 2010:
|
|
|
|
|
355
|
5.500%, 8/15/45 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
N/R (4)
|
375,523
|
|
4,445
|
5.500%, 8/15/45 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
AA– (4)
|
4,706,010
|
|
2,000
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Texas
|
8/26 at 100.00
|
AA
|
2,171,560
|
|
|
Health Resources System, Series 2016A, 5.000%, 2/15/41
|
|
|
|
|
16,600
|
Tender Option Bond Trust Receipts/Certificates, Texas, Series 2017, 5.000%, 10/15/42 (UB), (5)
|
10/27 at 100.00
|
AAA
|
18,526,430
|
|
650
|
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior
|
No Opt. Call
|
A–
|
741,702
|
|
|
Lien Series 2008D, 6.250%, 12/15/26
|
|
|
|
|
|
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds,
|
|
|
|
|
|
Series 2012:
|
|
|
|
|
5,910
|
5.000%, 12/15/23
|
12/22 at 100.00
|
A3
|
6,429,193
|
|
2,050
|
5.000%, 12/15/26
|
12/22 at 100.00
|
A3
|
2,211,007
|
|
1,000
|
5.000%, 12/15/27
|
12/22 at 100.00
|
A3
|
1,075,320
|
|
12,745
|
5.000%, 12/15/29
|
12/22 at 100.00
|
A3
|
13,613,189
|
|
2,000
|
5.000%, 12/15/31
|
12/22 at 100.00
|
A3
|
2,126,720
|
|
1,620
|
Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE Mobility
|
12/19 at 100.00
|
Baa2
|
1,694,034
|
|
|
Partners LLC North Tarrant Express Managed Lanes Project, Senior Lien Series 2009,
|
|
|
|
|
|
6.875%, 12/31/39
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
$ 19,735
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds,
|
12/25 at 100.00
|
Baa3
|
$ 20,627,417
|
|
|
Blueridge Transportation Group, LLC SH 288 Toll Lanes Project, Series 2016, 5.000%,
|
|
|
|
|
|
12/31/50 (Alternative Minimum Tax)
|
|
|
|
|
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, NTE
|
|
|
|
|
|
Mobility Partners Segments 3 Segments 3A & 3B Facility, Series 2013:
|
|
|
|
|
1,335
|
7.000%, 12/31/38 (Alternative Minimum Tax)
|
9/23 at 100.00
|
Baa3
|
1,545,423
|
|
4,040
|
6.750%, 6/30/43 (Alternative Minimum Tax)
|
9/23 at 100.00
|
Baa3
|
4,614,771
|
|
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ
|
|
|
|
|
|
Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010:
|
|
|
|
|
1,000
|
7.000%, 6/30/34
|
6/20 at 100.00
|
Baa3
|
1,065,800
|
|
1,000
|
7.000%, 6/30/40
|
6/20 at 100.00
|
Baa3
|
1,065,130
|
|
3,335
|
Texas State, General Obligation Bonds, Water Financial Assistance, Tender Option Bond Trust
|
8/19 at 100.00
|
AAA
|
3,538,802
|
|
|
2015-XF0075, 10.431%, 8/01/39, 144A (IF)
|
|
|
|
|
9,430
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First Tier
|
8/22 at 100.00
|
A–
|
9,957,891
|
|
|
Refunding Series 2012A, 5.000%, 8/15/41
|
|
|
|
|
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First Tier
|
|
|
|
|
|
Refunding Series 2015B:
|
|
|
|
|
8,335
|
0.000%, 8/15/36
|
8/24 at 59.60
|
A–
|
3,863,523
|
|
10,960
|
5.000%, 8/15/37
|
8/24 at 100.00
|
A–
|
11,873,516
|
|
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second Tier
|
|
|
|
|
|
Refunding Series 2015C:
|
|
|
|
|
2,100
|
5.000%, 8/15/33
|
8/24 at 100.00
|
BBB+
|
2,242,044
|
|
15,750
|
5.000%, 8/15/42
|
8/24 at 100.00
|
BBB+
|
16,530,570
|
|
|
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series 2002A:
|
|
|
|
|
7,715
|
0.000%, 8/15/21 – AMBAC Insured
|
No Opt. Call
|
A–
|
7,185,211
|
|
2,285
|
0.000%, 8/15/21 – AMBAC Insured (ETM)
|
No Opt. Call
|
A3 (4)
|
2,138,646
|
|
9,980
|
0.000%, 8/15/23 – AMBAC Insured
|
No Opt. Call
|
A–
|
8,736,392
|
|
2,020
|
0.000%, 8/15/23 – AMBAC Insured (ETM)
|
No Opt. Call
|
A3 (4)
|
1,782,549
|
|
21,170
|
0.000%, 8/15/24 – AMBAC Insured
|
No Opt. Call
|
A–
|
17,890,767
|
|
3,830
|
0.000%, 8/15/24 – AMBAC Insured (ETM)
|
No Opt. Call
|
A3 (4)
|
3,262,662
|
|
|
Travis County Health Facilities Development Corporation, Texas, Revenue Bonds, Westminster
|
|
|
|
|
|
Manor, Series 2010:
|
|
|
|
|
115
|
7.000%, 11/01/30
|
11/20 at 100.00
|
N/R
|
120,408
|
|
905
|
7.000%, 11/01/30 (Pre-refunded 11/01/20)
|
11/20 at 100.00
|
N/R (4)
|
987,753
|
|
485
|
Winter Garden Housing Finance Corporation, Texas, GNMA/FNMA Mortgage-Backed Securities
|
1/19 at 100.00
|
CC
|
486,358
|
|
|
Program Single Family Mortgage Revenue Bonds, Series 1994, 6.950%, 10/01/27
|
|
|
|
|
|
(Alternative Minimum Tax)
|
|
|
|
|
508,710
|
Total Texas
|
|
|
487,563,968
|
|
|
Utah – 1.5% (0.9% of Total Investments)
|
|
|
|
|
23,980
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017A, 5.000%,
|
7/27 at 100.00
|
A+
|
25,738,214
|
|
|
7/01/47 (Alternative Minimum Tax)
|
|
|
|
|
4,500
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018A, 5.000%,
|
7/28 at 100.00
|
A+
|
4,868,775
|
|
|
7/01/48 (Alternative Minimum Tax)
|
|
|
|
|
2,000
|
Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc., Series 2012,
|
5/21 at 100.00
|
AA+
|
2,120,600
|
|
|
5.000%, 5/15/43
|
|
|
|
|
5,795
|
Utah State Charter School Finance Authority, Charter School Revenue Bonds, Hawthorn Academy
|
4/26 at 100.00
|
AA
|
6,180,541
|
|
|
Project, Series 2016, 5.000%, 10/15/46
|
|
|
|
|
2,445
|
Utah Transit Authority, Sales Tax Revenue Bonds, Refunding Series 2012
|
|
|
|
|
|
5.000%, 6/15/42
|
6/22 at 100.00
|
AA
|
2,616,663
|
|
1,665
|
5.000%, 6/15/42 (Pre-refunded 6/15/22)
|
6/22 at 100.00
|
N/R (4)
|
1,826,305
|
|
40,385
|
Total Utah
|
|
|
43,351,098
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Virginia – 3.3% (2.0% of Total Investments)
|
|
|
|
|
$ 1,000
|
Amherst Industrial Development Authority, Virginia, Revenue Bonds, Sweet Briar College, Series
|
1/19 at 100.00
|
B+
|
$ 985,930
|
|
|
2006, 5.000%, 9/01/26
|
|
|
|
|
515
|
Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital
|
7/28 at 100.00
|
BBB
|
434,763
|
|
|
Appreciation Series 2012B, 0.000%, 7/15/40 (6)
|
|
|
|
|
1,000
|
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova
|
5/28 at 100.00
|
Aa2
|
979,590
|
|
|
Health System, Series 2018A, 4.000%, 5/15/48 (UB) (5)
|
|
|
|
|
1,000
|
Fairfax County Redevelopment and Housing Authority, Virginia, Multifamily Housing Revenue
|
1/19 at 100.00
|
AA+
|
1,003,020
|
|
|
Bonds, FHA-Insured Mortgage – Cedar Ridge Project, Series 2007, 4.850%, 10/01/48
|
|
|
|
|
|
(Alternative Minimum Tax)
|
|
|
|
|
12,000
|
Hampton Roads Transportation Accountability Commission, Virginia, Hampton Roads Transportation
|
1/28 at 100.00
|
AA+
|
13,390,200
|
|
|
Fund Revenue Bonds, Senior Lien Series 2018A, 5.000%, 7/01/52
|
|
|
|
|
2,400
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health
|
11/22 at 100.00
|
A
|
2,593,632
|
|
|
System Obligated Group, Series 2013, 5.000%, 11/01/30
|
|
|
|
|
5,000
|
Metropolitan Washington Airports Authority, Virginia, Airport System Revenue Bonds, Series
|
10/20 at 100.00
|
AA–
|
5,223,500
|
|
|
2010A, 5.000%, 10/01/39
|
|
|
|
|
4,500
|
Metropolitan Washington Airports Authority, Virginia, Airport System Revenue Bonds, Refunding
|
10/23 at 100.00
|
AA–
|
4,869,765
|
|
|
Series 2013A, 5.000%, 10/01/30 (Alternative Minimum Tax)
|
|
|
|
|
5,625
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles
|
4/22 at 100.00
|
BBB+
|
5,871,994
|
|
|
Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A,
|
|
|
|
|
|
5.000%, 10/01/53
|
|
|
|
|
2,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles
|
No Opt. Call
|
AA
|
910,720
|
|
|
Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B, 0.000%,
|
|
|
|
|
|
10/01/36 – AGC Insured
|
|
|
|
|
5,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles
|
10/26 at 100.00
|
AA
|
6,106,200
|
|
|
Metrorail & Capital improvement Projects, Second Senior Lien Series 2009C, 6.500%,
|
|
|
|
|
|
10/01/41 – AGC Insured
|
|
|
|
|
|
Prince William County Industrial Development Authority, Virginia, Health Care Facilities
|
|
|
|
|
|
Revenue Bonds, Novant Health Obligated Group-Prince William Hospital, Refunding Series 2013B:
|
|
|
|
|
2,000
|
4.000%, 11/01/33
|
11/22 at 100.00
|
AA–
|
2,046,000
|
|
3,000
|
5.000%, 11/01/46
|
11/22 at 100.00
|
AA–
|
3,158,490
|
|
6,115
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,
|
12/18 at 100.00
|
B–
|
6,017,833
|
|
|
Series 2007B1, 5.000%, 6/01/47
|
|
|
|
|
|
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3
|
|
|
|
|
|
Project, Senior Lien Series 2017:
|
|
|
|
|
11,200
|
5.000%, 12/31/49 (Alternative Minimum Tax)
|
6/27 at 100.00
|
BBB
|
11,761,344
|
|
4,255
|
5.000%, 12/31/52 (Alternative Minimum Tax)
|
6/27 at 100.00
|
BBB
|
4,455,708
|
|
4,535
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC
|
1/22 at 100.00
|
BBB
|
4,728,554
|
|
|
Project, Series 2012, 5.000%, 1/01/40 (Alternative Minimum Tax)
|
|
|
|
|
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
|
|
|
|
|
|
Crossing, Opco LLC Project, Series 2012:
|
|
|
|
|
3,670
|
6.000%, 1/01/37 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB
|
3,997,217
|
|
14,930
|
5.500%, 1/01/42 (Alternative Minimum Tax)
|
7/22 at 100.00
|
BBB
|
15,935,983
|
|
89,745
|
Total Virginia
|
|
|
94,470,443
|
|
|
Washington – 4.9% (3.0% of Total Investments)
|
|
|
|
|
11,345
|
Chelan County Public Utility District 1, Washington, Columbia River-Rock Island Hydro-Electric
|
No Opt. Call
|
AA+
|
11,208,293
|
|
|
System Revenue Refunding Bonds, Series 1997A, 0.000%, 6/01/19 – NPFG Insured
|
|
|
|
|
2,000
|
Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, Refunding
|
7/24 at 100.00
|
Aa1
|
2,197,020
|
|
|
Series 2014A, 5.000%, 7/01/40
|
|
|
|
|
3,750
|
FYI Properties, Washington, Lease Revenue Bonds, Washington State Department of Information
|
6/19 at 100.00
|
AA
|
3,813,263
|
|
|
Services Project, Series 2009, 5.500%, 6/01/39 (UB) (5)
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Washington (continued)
|
|
|
|
|
$ 2,375
|
Grant County Public Utility District 2, Washington, Revenue Bonds, Priest Rapids Hydroelectric
|
1/26 at 100.00
|
AA
|
$ 2,581,649
|
|
|
Project, Refunding Series 2015A, 5.000%, 1/01/41
|
|
|
|
|
2,270
|
Port Everett, Washington, Revenue Bonds, Refunding Series 2016, 5.000%, 12/01/46
|
6/26 at 100.00
|
A1
|
2,469,715
|
|
|
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2018A:
|
|
|
|
|
6,000
|
5.000%, 5/01/36 (Alternative Minimum Tax)
|
5/27 at 100.00
|
AA–
|
6,555,120
|
|
19,470
|
5.000%, 5/01/43 (Alternative Minimum Tax)
|
5/27 at 100.00
|
AA–
|
20,904,355
|
|
10,000
|
Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue Bonds,
|
6/23 at 100.00
|
A+
|
10,769,800
|
|
|
Series 2013A, 5.000%, 5/01/43
|
|
|
|
|
5,195
|
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center,
|
12/20 at 100.00
|
N/R (4)
|
5,541,662
|
|
|
Series 2010, 5.500%, 12/01/39 (Pre-refunded 12/01/20)
|
|
|
|
|
1,590
|
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center,
|
12/21 at 100.00
|
N/R (4)
|
1,718,917
|
|
|
Series 2012, 5.000%, 12/01/42 (Pre-refunded 12/01/21)
|
|
|
|
|
4,000
|
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services,
|
10/22 at 100.00
|
AA–
|
4,328,600
|
|
|
Refunding Series 2012A, 5.000%, 10/01/32
|
|
|
|
|
1,000
|
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
|
10/22 at 100.00
|
Aa2
|
1,072,550
|
|
|
Series 2012A, 5.000%, 10/01/42
|
|
|
|
|
11,500
|
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
|
4/25 at 100.00
|
AA
|
12,421,265
|
|
|
Series 2015A, 5.000%, 10/01/45 (UB)
|
|
|
|
|
|
Washington State Health Care Facilities Authority, Revenue Bonds, Central Washington Health
|
|
|
|
|
|
Services Association, Series 2009:
|
|
|
|
|
845
|
6.250%, 7/01/24
|
7/19 at 100.00
|
Baa1
|
862,593
|
|
1,155
|
6.250%, 7/01/24 (Pre-refunded 7/01/19)
|
7/19 at 100.00
|
N/R (4)
|
1,187,017
|
|
4,000
|
Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer
|
7/19 at 100.00
|
A+ (4)
|
4,104,320
|
|
|
Research Center, Series 2009A, 6.000%, 1/01/33 (Pre-refunded 7/01/19)
|
|
|
|
|
320
|
Washington State Housing Finance Commission, Revenue Bonds, Riverview Retirement Community,
|
1/23 at 100.00
|
BBB–
|
325,629
|
|
|
Refunding Series 2012, 5.000%, 1/01/48
|
|
|
|
|
6,480
|
Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2002-03C, 0.000%,
|
No Opt. Call
|
AA+
|
5,585,371
|
|
|
6/01/24 – NPFG Insured
|
|
|
|
|
11,050
|
Washington, General Obligation Bonds, Series 2000S-5, 0.000%, 1/01/20 – FGIC Insured
|
No Opt. Call
|
AA+
|
10,777,065
|
|
|
Washington, General Obligation Compound Interest Bonds, Series 1999S-3:
|
|
|
|
|
17,650
|
0.000%, 1/01/20
|
No Opt. Call
|
AA+
|
17,214,045
|
|
18,470
|
0.000%, 1/01/21
|
No Opt. Call
|
AA+
|
17,567,002
|
|
140,465
|
Total Washington
|
|
|
143,205,251
|
|
|
West Virginia – 1.0% (0.6% of Total Investments)
|
|
|
|
|
1,965
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area Medical
|
9/19 at 100.00
|
Baa1
|
2,010,175
|
|
|
Center, Series 2009A, 5.625%, 9/01/32
|
|
|
|
|
1,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Thomas Health System, Inc.,
|
12/18 at 100.00
|
N/R
|
824,350
|
|
|
Series 2008, 6.500%, 10/01/38
|
|
|
|
|
7,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health
|
6/23 at 100.00
|
A
|
7,541,450
|
|
|
System Obligated Group, Refunding & Improvement Series 2013A, 5.500%, 6/01/44
|
|
|
|
|
15,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health
|
6/28 at 100.00
|
A
|
15,841,050
|
|
|
System Obligated Group, Series 2018A, 5.000%, 6/01/52
|
|
|
|
|
2,000
|
West Virginia Hospital Finance Authority, Revenue Bonds, West Virginia University Health
|
6/27 at 100.00
|
A
|
2,124,580
|
|
|
System Obligated Group, Improvement Series 2017A, 5.000%, 6/01/42
|
|
|
|
|
26,965
|
Total West Virginia
|
|
|
28,341,605
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Wisconsin – 2.3% (1.4% of Total Investments)
|
|
|
|
|
$ 2,230
|
Monroe Redevelopment Authority, Wisconsin, Development Revenue Bonds, The Monroe
|
2/19 at 100.00
|
N/R (4)
|
$2,255,467
|
|
|
Clinic, Inc., Series 2009, 5.875%, 2/15/39 (Pre-refunded 2/15/19)
|
|
|
|
|
|
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 – ACA Insured
|
No Opt. Call
|
N/R
|
1,058
|
|
30
|
0.000%, 1/01/48, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
921
|
|
29
|
0.000%, 1/01/49, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
902
|
|
28
|
0.000%, 1/01/50, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
870
|
|
28
|
0.000%, 1/01/51, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
852
|
|
36
|
0.000%, 1/01/52, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,102
|
|
36
|
0.000%, 1/01/53, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,084
|
|
35
|
0.000%, 1/01/54, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,044
|
|
34
|
0.000%, 1/01/55, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,019
|
|
33
|
0.000%, 1/01/56, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
994
|
|
1,614
|
5.500%, 7/01/56, 144A – ACA Insured
|
3/28 at 100.00
|
N/R
|
1,574,089
|
|
37
|
0.000%, 1/01/57, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,098
|
|
36
|
0.000%, 1/01/58, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,067
|
|
35
|
0.000%, 1/01/59, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,035
|
|
34
|
0.000%, 1/01/60, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,011
|
|
34
|
0.000%, 1/01/61, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
994
|
|
33
|
0.000%, 1/01/62, 144A – ACA Insured
|
3/28 at 17.35
|
N/R
|
963
|
|
32
|
0.000%, 1/01/63, 144A – ACA Insured
|
3/28 at 16.48
|
N/R
|
939
|
|
31
|
0.000%, 1/01/64, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
916
|
|
31
|
0.000%, 1/01/65, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
899
|
|
33
|
0.000%, 1/01/66, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
966
|
|
401
|
0.000%, 1/01/67, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
11,607
|
|
|
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 – ACA Insured
|
No Opt. Call
|
N/R
|
1,845
|
|
59
|
0.000%, 1/01/47, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,812
|
|
58
|
0.000%, 1/01/48, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,791
|
|
58
|
0.000%, 1/01/49, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,771
|
|
57
|
0.000%, 1/01/50, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,739
|
|
62
|
0.000%, 1/01/51, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,898
|
|
1,625
|
3.750%, 7/01/51, 144A – ACA Insured
|
3/28 at 100.00
|
N/R
|
1,540,706
|
|
62
|
0.000%, 1/01/52, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,878
|
|
61
|
0.000%, 1/01/53, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,846
|
|
61
|
0.000%, 1/01/54, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,827
|
|
60
|
0.000%, 1/01/55, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,796
|
|
59
|
0.000%, 1/01/56, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,765
|
|
59
|
0.000%, 1/01/57, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,747
|
|
58
|
0.000%, 1/01/58, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,717
|
|
57
|
0.000%, 1/01/59, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,700
|
|
57
|
0.000%, 1/01/60, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,682
|
|
56
|
0.000%, 1/01/61, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,653
|
|
56
|
0.000%, 1/01/62, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,635
|
|
55
|
0.000%, 1/01/63, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,606
|
|
54
|
0.000%, 1/01/64, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,590
|
|
54
|
0.000%, 1/01/65, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,573
|
|
53
|
0.000%, 1/01/66, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,545
|
|
693
|
0.000%, 1/01/67, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
20,069
|
|
880
|
Public Finance Authority of Wisconsin, Exempt Facilities Revenue Bonds, National Gypsum
|
11/24 at 100.00
|
N/R
|
921,888
|
|
|
Company Project, Refunding Series 2014, 5.250%, 4/01/30 (Alternative Minimum Tax)
|
|
|
|
|
4,400
|
Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management
|
5/26 at 100.00
|
A–
|
4,165,172
|
|
|
Inc., Refunding Series 2016A-2, 2.875%, 5/01/27 (Alternative Minimum Tax)
|
|
|
|
|
5,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian HealthCare,
|
7/23 at 100.00
|
N/R (4)
|
5,567,900
|
|
|
Inc., Series 2013B, 5.000%, 7/01/36 (Pre-refunded 7/01/23)
|
|
|
|
|
10,225
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ascension Health
|
5/26 at 100.00
|
AA+
|
10,588,294
|
|
|
Alliance Senior Credit Group, Series 2016A, 4.500%, 11/15/39
|
|
|
|
NAD
|
Nuveen Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Wisconsin (continued)
|
|
|
|
|
$210
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Bellin Memorial Hospital
|
No Opt. Call
|
A2
|
$212,022
|
|
|
Inc., Series 2003, 5.500%, 2/15/19 – AMBAC Insured
|
|
|
|
|
1,035
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit Health System,
|
4/20 at 100.00
|
A–
|
1,057,253
|
|
|
Inc., Series 2010B, 5.125%, 4/01/36
|
|
|
|
|
1,686
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit Health System,
|
7/26 at 100.00
|
N/R
|
1,567,488
|
|
|
Inc., Series 2016, 4.000%, 7/01/46
|
|
|
|
|
4,330
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Children’s Hospital of
|
2/20 at 100.00
|
AA (4)
|
4,516,839
|
|
|
Wisconsin Inc., Series 2008B, 5.500%, 8/15/29 (Pre-refunded 2/15/20)
|
|
|
|
|
4,220
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Children’s Hospital of
|
8/27 at 100.00
|
AA
|
4,112,221
|
|
|
Wisconsin, Inc., Series 2017, 4.000%, 8/15/42
|
|
|
|
|
13,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic Health
|
2/27 at 100.00
|
A–
|
13,767,260
|
|
|
System, Inc., Series 2017C, 5.000%, 2/15/47
|
|
|
|
|
1,250
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
2/22 at 100.00
|
A–
|
1,317,200
|
|
|
Series 2012B, 5.000%, 2/15/32
|
|
|
|
|
6,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
2/26 at 100.00
|
A–
|
6,329,040
|
|
|
Series 2016A, 5.000%, 2/15/46
|
|
|
|
|
2,750
|
Wisconsin Health and Educational Facilities Authority, Revenues Bonds, Gundersen Lutheran,
|
10/21 at 100.00
|
AA–
|
2,910,765
|
|
|
Series 2011A, 5.250%, 10/15/39
|
|
|
|
|
5,000
|
Wisconsin State, General Fund Annual Appropriation Revenue Bonds, Refunding Series 2009A,
|
5/19 at 100.00
|
Aa2 (4)
|
5,102,750
|
|
|
6.000%, 5/01/36 (Pre-refunded 5/01/19)
|
|
|
|
|
68,423
|
Total Wisconsin
|
|
|
67,594,180
|
|
$4,851,536
|
Total Municipal Bonds (cost $4,556,750,311)
|
|
|
4,732,091,449
|
|
||||||
Principal
|
|
|
|
|
|
|
Amount (000)
|
Description (1)
|
Coupon
|
Maturity
|
Ratings (3)
|
Value
|
|
|
CORPORATE BONDS – 0.0% (0.0% of Total Investments)
|
|
|
|
|
|
|
Transportation – 0.0% (0.0% of Total Investments)
|
|
|
|
|
|
$725
|
Las Vegas Monorail Company, Senior Interest Bonds, (8), (9)
|
5.500%
|
7/15/19
|
N/R
|
$472,394
|
|
204
|
Las Vegas Monorail Company, Senior Interest Bonds, (6), (8), (9)
|
5.500%
|
7/15/55
|
N/R
|
103,659
|
|
$ 929
|
Total Corporate Bonds (cost $45,397)
|
|
|
|
576,053
|
|
|||||
Shares
|
Description (1), (10)
|
|
|
Value
|
|
|
INVESTMENT COMPANIES – 0.0% (0.0% of Total Investments)
|
|
|
|
|
8,812
|
BlackRock MuniHoldings Fund Inc.
|
|
|
$123,633
|
|
32,524
|
Invesco Quality Municipal Income Trust
|
|
|
363,618
|
|
|
Total Investment Companies (cost $530,611)
|
|
|
487,251
|
|
|
Total Long-Term Investments (cost $4,557,326,319)
|
|
|
4,733,154,753
|
|
|
Floating Rate Obligations – (3.0)%
|
|
|
(87,775,000)
|
|
|
MuniFund Term Preferred Shares, net of deferred offering costs – (20.8)% (11)
|
|
|
(606,625,146)
|
|
|
Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (18.7)% (12)
|
|
|
(545,487,412)
|
|
|
Variable Rate Demand Preferred Shares, net of deferred offering costs – (21.6)% (13)
|
|
|
(629,553,840)
|
|
|
Other Assets Less Liabilities – 1.5%
|
|
|
47,021,555
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$2,910,734,910
|
(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)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.
|
(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)
|
As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund’s records.
|
(8)
|
During January 2010, Las Vegas Monorail Company (“Las Vegas Monorail”) filed for federal bankruptcy protection. During March 2012, Las Vegas Monorail emerged from federal bankruptcy with the acceptance of a reorganization plan assigned by the Federal Bankruptcy Court. Under the reorganization plan, the Fund surrendered its Las Vegas Monorail Project Revenue Bonds, First Tier, Series 2000 and in turn received two senior interest corporate bonds: the first with an annual coupon rate of 5.500% maturing on July 15, 2019 and the second with an annual coupon rate of 3.000% (5.500% after December 31, 2015) maturing on July 15, 2055. The Fund was not accruing income for either senior interest corporate bond. On January 18, 2017, the Fund’s Adviser determined it was likely that this senior interest corporate bond would fulfill its obligation on the security maturing on July 15, 2019, and therefore began accruing income on the Fund’s records.
|
(9)
|
Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment categorized as Level 3. See Notes to Financial Statements, Note 2 – Investment Valuation and Fair Value Measurements for more information.
|
(10)
|
A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov.
|
(11)
|
MuniFund Term Preferred Shares, net of deferring offering costs as a percentage of Total Investments is 12.8%.
|
(12)
|
Variable Rate MuniFund Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 11.5%.
|
(13)
|
Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 13.3%.
|
144A
|
Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
|
ETM
|
Escrowed to maturity.
|
IF
|
Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.
|
PIK
|
Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period.
|
UB
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 – Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities for more information.
|
WI/DD
|
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, 2018
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
LONG-TERM INVESTMENTS – 161.6% (100.0% of Total Investments)
|
|
|
|
|
|
MUNICIPAL BONDS – 161.6% (100.0% of Total Investments)
|
|
|
|
|
|
Alabama – 0.9% (0.5% of Total Investments)
|
|
|
|
|
$ 4,250
|
Infirmary Health System Special Care Facilities Financing Authority of Mobile, Alabama,
|
2/26 at 100.00
|
BBB+
|
$ 4,479,288
|
|
|
Revenue Bonds, Infirmary Health System, Inc., Series 2016A, 5.000%, 2/01/41
|
|
|
|
|
20,675
|
Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/46
|
No Opt. Call
|
A3
|
23,226,915
|
|
4,900
|
Mobile Spring Hill College Educational Building Authority, Alabama, Revenue Bonds, Spring Hill
|
4/25 at 100.00
|
N/R
|
4,996,334
|
|
|
College Project, Series 2015, 5.875%, 4/15/45
|
|
|
|
|
29,825
|
Total Alabama
|
|
|
32,702,537
|
|
|
Alaska – 0.7% (0.4% of Total Investments)
|
|
|
|
|
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,
|
|
|
|
|
|
Series 2006A:
|
|
|
|
|
17,040
|
5.000%, 6/01/32
|
12/18 at 100.00
|
B3
|
17,006,090
|
|
10,070
|
5.000%, 6/01/46
|
12/18 at 100.00
|
B3
|
9,829,226
|
|
27,110
|
Total Alaska
|
|
|
26,835,316
|
|
|
Arizona – 2.3% (1.4% of Total Investments)
|
|
|
|
|
1,460
|
Apache County Industrial Development Authority, Arizona, Pollution Control Revenue Bonds,
|
3/22 at 100.00
|
A–
|
1,525,612
|
|
|
Tucson Electric Power Company, Series 20102A, 4.500%, 3/01/30
|
|
|
|
|
1,025
|
Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of
|
7/27 at 100.00
|
AA–
|
1,090,877
|
|
|
Math & Science Projects, Series 2017A, 5.000%, 7/01/51
|
|
|
|
|
|
Arizona State, Certificates of Participation, Series 2010A:
|
|
|
|
|
2,800
|
5.250%, 10/01/28 – AGM Insured
|
10/19 at 100.00
|
AA
|
2,877,056
|
|
3,500
|
5.000%, 10/01/29 – AGM Insured
|
10/19 at 100.00
|
AA
|
3,587,465
|
|
7,500
|
Arizona State, State Lottery Revenue Bonds, Series 2010A, 5.000%, 7/01/29 – AGC Insured
|
1/20 at 100.00
|
AA+
|
7,718,775
|
|
7,115
|
Lake Havasu City, Arizona, Wastewater System Revenue Bonds, Refunding Senior Lien Series
|
7/25 at 100.00
|
AA
|
7,744,108
|
|
|
2015B, 5.000%, 7/01/43 – AGM Insured
|
|
|
|
|
|
Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health,
|
|
|
|
|
|
Refunding Series 2016A:
|
|
|
|
|
5,135
|
4.000%, 1/01/36
|
1/27 at 100.00
|
AA–
|
5,191,896
|
|
10,000
|
5.000%, 1/01/38
|
1/27 at 100.00
|
AA–
|
10,952,600
|
|
7,780
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series
|
7/20 at 100.00
|
A+ (4)
|
8,144,182
|
|
|
2010A, 5.000%, 7/01/40 (Pre-refunded 7/01/20)
|
|
|
|
|
|
Phoenix Civic Improvement Corporation, Arizona, Revenue Bonds, Civic Plaza Expansion Project,
|
|
|
|
|
|
Series 2005B:
|
|
|
|
|
6,545
|
5.500%, 7/01/37 – FGIC Insured
|
No Opt. Call
|
AA
|
8,173,069
|
|
10,000
|
5.500%, 7/01/40 – FGIC Insured
|
No Opt. Call
|
AA
|
12,579,400
|
|
3,000
|
Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Series 2018A,
|
8/28 at 100.00
|
AA
|
3,339,930
|
|
|
5.000%, 8/01/47
|
|
|
|
|
11,080
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc.
|
No Opt. Call
|
BBB+
|
12,596,520
|
|
|
Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37
|
|
|
|
|
76,940
|
Total Arizona
|
|
|
85,521,490
|
|
|
Arkansas – 0.1% (0.1% of Total Investments)
|
|
|
|
|
5,080
|
Independence County, Arkansas, Hydroelectric Power Revenue Bonds, Series 2003, 5.350%,
|
1/19 at 100.00
|
N/R
|
4,686,351
|
|
|
5/01/28 – ACA Insured
|
|
|
|
|
|
California – 13.4% (8.3% of Total Investments)
|
|
|
|
|
22,880
|
Alameda Corridor Transportation Authority, California, Revenue Bonds, Senior Lien Series
|
No Opt. Call
|
A
|
13,061,277
|
|
|
1999A, 0.000%, 10/01/32 – NPFG Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 4,225
|
Alameda Unified School District, Alameda County, California, General Obligation Bonds, Series
|
No Opt. Call
|
AA
|
$ 3,106,516
|
|
|
2005B, 0.000%, 8/01/28 – AGM Insured
|
|
|
|
|
15,870
|
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement
|
No Opt. Call
|
AA
|
15,241,389
|
|
|
Project, Series 1997C, 0.000%, 9/01/20 – AGM Insured
|
|
|
|
|
3,450
|
Antelope Valley Joint Union High School District, Los Angeles and Kern Counties, California,
|
No Opt. Call
|
A1
|
2,319,124
|
|
|
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 2009F-1:
|
|
|
|
|
2,500
|
5.125%, 4/01/39 (Pre-refunded 4/01/19)
|
4/19 at 100.00
|
AA (4)
|
2,535,950
|
|
2,500
|
5.625%, 4/01/44 (Pre-refunded 4/01/19)
|
4/19 at 100.00
|
AA (4)
|
2,541,075
|
|
|
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
|
AA– (4)
|
5,626,100
|
|
6,500
|
5.250%, 4/01/53 (Pre-refunded 4/01/23)
|
4/23 at 100.00
|
AA– (4)
|
7,382,180
|
|
10,000
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series
|
4/24 at 100.00
|
AA
|
10,682,800
|
|
|
2014F-1, 5.000%, 4/01/54
|
|
|
|
|
8,000
|
Beverly Hills Unified School District, Los Angeles County, California, General Obligation
|
No Opt. Call
|
Aaa
|
4,679,200
|
|
|
Bonds, Series 2009, 0.000%, 8/01/33
|
|
|
|
|
|
Burbank Unified School District, Los Angeles County, California, General Obligation Bonds,
|
|
|
|
|
|
Series 2015A:
|
|
|
|
|
2,250
|
0.000%, 8/01/32
|
2/25 at 100.00
|
Aa2
|
1,964,115
|
|
1,350
|
0.000%, 8/01/33
|
2/25 at 100.00
|
Aa2
|
1,173,447
|
|
7,845
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los
|
12/18 at 100.00
|
B2
|
7,855,591
|
|
|
Angeles County Securitization Corporation, Series 2006A, 5.600%, 6/01/36
|
|
|
|
|
|
California Department of Water Resources, Central Valley Project Water System Revenue Bonds,
|
|
|
|
|
|
Series 2009-AF:
|
|
|
|
|
2,910
|
5.000%, 12/01/29 (Pre-refunded 12/01/18)
|
12/18 at 100.00
|
AA+ (4)
|
2,918,003
|
|
2,090
|
5.000%, 12/01/29 (Pre-refunded 12/01/18)
|
12/18 at 100.00
|
AAA
|
2,095,748
|
|
|
California Educational Facilities Authority, Revenue Refunding Bonds, Loyola Marymount
|
|
|
|
|
|
University, Series 2001A:
|
|
|
|
|
3,255
|
0.000%, 10/01/23 – NPFG Insured
|
No Opt. Call
|
A2
|
2,858,639
|
|
5,890
|
0.000%, 10/01/24 – NPFG Insured
|
No Opt. Call
|
A2
|
4,979,465
|
|
7,615
|
0.000%, 10/01/25 – NPFG Insured
|
No Opt. Call
|
A2
|
6,172,795
|
|
1,350
|
0.000%, 10/01/39 – NPFG Insured
|
No Opt. Call
|
A2
|
549,990
|
|
3,330
|
California Health Facilities Financing Authority, Refunding Revenue Bonds, Stanford Hospital
|
11/21 at 100.00
|
AA (4)
|
3,651,378
|
|
|
and Clinics, Series 2008A-2. RMKT, 5.250%, 11/15/40 (Pre-refunded 11/15/21)
|
|
|
|
|
|
California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard
|
|
|
|
|
|
Children’s Hospital, Series 2012A:
|
|
|
|
|
10,000
|
5.000%, 8/15/51
|
8/22 at 100.00
|
AA–
|
10,725,100
|
|
3,000
|
Series 2012A, 5.000%, 8/15/51 (UB) (5)
|
8/22 at 100.00
|
A+
|
3,217,530
|
|
2,550
|
California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services,
|
10/19 at 100.00
|
AA–
|
2,628,973
|
|
|
Series 2009B, 5.500%, 10/01/39
|
|
|
|
|
530
|
California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System,
|
7/23 at 100.00
|
AA–
|
576,036
|
|
|
Series 2013A, 5.000%, 7/01/37
|
|
|
|
|
1,710
|
California Health Facilities Financing Authority, Revenue Bonds, Scripps Health, Series 2012A,
|
11/21 at 100.00
|
AA
|
1,843,585
|
|
|
5.000%, 11/15/40
|
|
|
|
|
|
California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and
|
|
|
|
|
|
Clinics, Tender Option Bond Trust 2016-XG0049:
|
|
|
|
|
525
|
7.783%, 8/15/51, 144A (IF) (5)
|
8/22 at 100.00
|
AA–
|
605,824
|
|
1,285
|
7.783%, 8/15/51, 144A (IF) (5)
|
8/22 at 100.00
|
AA–
|
1,482,826
|
|
485
|
7.778%, 8/15/51, 144A (IF) (5)
|
8/22 at 100.00
|
AA–
|
559,603
|
|
1,500
|
California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding
|
7/27 at 100.00
|
Baa2
|
1,608,840
|
|
|
Series 2017A, 5.000%, 7/01/42
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 2,330
|
California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series
|
7/20 at 100.00
|
Baa2 (4)
|
$ 2,473,015
|
|
|
2010A, 5.750%, 7/01/40 (Pre-refunded 7/01/20)
|
|
|
|
|
965
|
California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017,
|
10/26 at 100.00
|
BBB–
|
1,006,765
|
|
|
5.000%, 10/15/47
|
|
|
|
|
2,930
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series
|
11/23 at 100.00
|
A+
|
3,197,216
|
|
|
2013I, 5.000%, 11/01/38
|
|
|
|
|
|
California State, Economic Recovery Revenue Bonds, Refunding Series 2009A:
|
|
|
|
|
2,540
|
5.250%, 7/01/21 (Pre-refunded 7/01/19)
|
7/19 at 100.00
|
Aaa
|
2,600,579
|
|
1,460
|
5.250%, 7/01/21 (Pre-refunded 7/01/19)
|
7/19 at 100.00
|
Aaa
|
1,494,821
|
|
5,000
|
California State, General Obligation Bonds, Refunding Various Purpose Series 2017,
|
8/26 at 100.00
|
AA–
|
5,140,750
|
|
|
4.000%, 8/01/36
|
|
|
|
|
5
|
California State, General Obligation Bonds, Series 2004, 5.000%, 4/01/31 – AMBAC Insured
|
1/19 at 100.00
|
AA–
|
5,013
|
|
20,000
|
California State, General Obligation Bonds, Various Purpose Series 2009, 6.000%, 11/01/39
|
11/19 at 100.00
|
AA–
|
20,773,800
|
|
|
California State, General Obligation Bonds, Various Purpose Series 2010:
|
|
|
|
|
7,000
|
5.250%, 3/01/30
|
3/20 at 100.00
|
AA–
|
7,292,320
|
|
4,250
|
5.250%, 11/01/40
|
11/20 at 100.00
|
AA–
|
4,504,490
|
|
10,000
|
California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41
|
10/21 at 100.00
|
AA–
|
10,741,900
|
|
9,130
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda
|
6/28 at 100.00
|
BB–
|
9,601,473
|
|
|
University Medical Center, Series 2018A, 5.500%, 12/01/58, 144A
|
|
|
|
|
10,000
|
California Statewide Communities Development Authority, Revenue Bonds, Sutter Health, Series
|
8/20 at 100.00
|
AA– (4)
|
10,709,000
|
|
|
2011A, 6.000%, 8/15/42 (Pre-refunded 8/15/20)
|
|
|
|
|
3,000
|
California Statewide Community Development Authority, Health Facility Revenue Bonds, Catholic
|
1/19 at 100.00
|
A
|
3,010,230
|
|
|
Healthcare West, Series 2008C, 5.625%, 7/01/35
|
|
|
|
|
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
|
|
|
|
|
|
Health System, Series 2005A:
|
|
|
|
|
3,895
|
5.750%, 7/01/30, (6)
|
1/19 at 100.00
|
CC
|
3,313,593
|
|
5,000
|
5.750%, 7/01/35, (6)
|
1/19 at 100.00
|
CC
|
4,259,200
|
|
6,000
|
5.500%, 7/01/39, (6)
|
1/19 at 100.00
|
CC
|
5,110,920
|
|
10,445
|
Castaic Lake Water Agency, California, Certificates of Participation, Water System Improvement
|
No Opt. Call
|
AA+
|
7,324,243
|
|
|
Project, Series 1999a, 0.000%, 8/01/29 – AMBAC Insured
|
|
|
|
|
4,775
|
Clovis Unified School District, Fresno County, California, General Obligation Bonds, Series
|
No Opt. Call
|
Baa2 (4)
|
4,000,543
|
|
|
2001A, 0.000%, 8/01/25 – NPFG Insured (ETM)
|
|
|
|
|
3,330
|
Contra Costa Community College District, Contra Costa County, California, General Obligation
|
8/23 at 100.00
|
AA+
|
3,664,299
|
|
|
Bonds, Election of 2006, Series 2013, 5.000%, 8/01/38
|
|
|
|
|
7,775
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
No Opt. Call
|
AA
|
4,188,781
|
|
|
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 (6)
|
1/31 at 100.00
|
A–
|
813,176
|
|
3,350
|
5.750%, 1/15/46
|
1/24 at 100.00
|
A–
|
3,747,745
|
|
8,350
|
6.000%, 1/15/49
|
1/24 at 100.00
|
A–
|
9,534,948
|
|
30,000
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series
|
No Opt. Call
|
AA+ (4)
|
28,704,900
|
|
|
1995A, 0.000%, 1/01/21 (ETM)
|
|
|
|
|
3,120
|
Fullerton Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2005,
|
3/19 at 100.00
|
A
|
3,151,512
|
|
|
5.000%, 9/01/27 – AMBAC Insured
|
|
|
|
|
10,000
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
B+
|
10,232,600
|
|
|
Bonds, Senior Convertible Series 2007A-2, 5.300%, 6/01/37
|
|
|
|
|
9,705
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
N/R
|
9,492,266
|
|
|
Bonds, Series 2018A-1, 5.000%, 6/01/47
|
|
|
|
|
15,170
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
N/R
|
14,837,474
|
|
|
Bonds, Series 2018A-2, 5.000%, 6/01/47
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 3,850
|
Grossmont Healthcare District, California, General Obligation Bonds, Series 2011B, 6.125%,
|
7/21 at 100.00
|
Aaa
|
$ 4,273,192
|
|
|
7/15/40 (Pre-refunded 7/15/21)
|
|
|
|
|
5,000
|
Huntington Beach Union High School District, Orange County, California, General Obligation
|
No Opt. Call
|
Aa2
|
2,988,100
|
|
|
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
|
2,674,470
|
|
|
Improvement, Election 2002 Series 2006, 0.000%, 11/01/23 – AGM Insured
|
|
|
|
|
1,500
|
Lincoln Unified School District, Placer County, California, Community Facilities District 1,
|
No Opt. Call
|
N/R
|
1,099,185
|
|
|
Special Tax Bonds, Series 2005, 0.000%, 9/01/26 – AMBAC Insured
|
|
|
|
|
195
|
Los Angeles Department of Water and Power, California, Electric Plant Revenue Bonds, Second
|
No Opt. Call
|
N/R (4)
|
195,374
|
|
|
Series 1993, 4.750%, 10/15/20 (ETM)
|
|
|
|
|
995
|
Los Angeles Department of Water and Power, California, Electric Plant Revenue Bonds, Series
|
No Opt. Call
|
N/R (4)
|
997,686
|
|
|
1994, 5.375%, 2/15/34 (ETM)
|
|
|
|
|
2,495
|
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2009A,
|
1/19 at 100.00
|
AA+
|
2,509,022
|
|
|
5.375%, 7/01/34
|
|
|
|
|
10,000
|
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2011A,
|
1/21 at 100.00
|
AA+
|
10,555,600
|
|
|
5.000%, 7/01/41
|
|
|
|
|
2,490
|
Madera Unified School District, Madera County, California, General Obligation Bonds, Election
|
No Opt. Call
|
AA–
|
1,846,111
|
|
|
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
|
Aa1
|
8,217,669
|
|
|
Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43 (6)
|
|
|
|
|
5,500
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series
|
No Opt. Call
|
A
|
7,365,215
|
|
|
2009B, 6.500%, 11/01/39
|
|
|
|
|
650
|
Mt. Diablo Hospital District, California, Insured Hospital Revenue Bonds, Series 1993A,
|
No Opt. Call
|
N/R (4)
|
688,168
|
|
|
5.125%, 12/01/23 – AMBAC Insured (ETM)
|
|
|
|
|
14,100
|
New Haven Unified School District, California, General Obligation Bonds, Refunding Series
|
No Opt. Call
|
AA
|
7,522,350
|
|
|
2009, 0.000%, 8/01/34 – AGC Insured
|
|
|
|
|
3,515
|
Newport Beach, California, Revenue Bonds, Hoag Memorial Hospital Presbyterian, Series 2011A,
|
12/21 at 100.00
|
N/R (4)
|
3,924,357
|
|
|
5.875%, 12/01/30 (Pre-refunded 12/01/21)
|
|
|
|
|
2,500
|
Norwalk La Mirada Unified School District, Los Angeles County, California, General Obligation
|
No Opt. Call
|
AA
|
1,740,125
|
|
|
Bonds, Election of 2002 Series 2005B, 0.000%, 8/01/29 – FGIC Insured
|
|
|
|
|
4,460
|
Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue Bonds,
|
No Opt. Call
|
Baa2
|
4,998,902
|
|
|
Redevelopment Project 1, Refunding Series 1995, 7.400%, 8/01/25 – NPFG Insured
|
|
|
|
|
|
Orange County Water District, California, Revenue Certificates of Participation, Series 2003B:
|
|
|
|
|
1,490
|
5.000%, 8/15/34 – NPFG Insured (ETM)
|
No Opt. Call
|
Aa1 (4)
|
1,746,936
|
|
1,745
|
5.000%, 8/15/34 (Pre-refunded 8/15/32) – NPFG Insured
|
8/32 at 100.00
|
AAA
|
2,118,971
|
|
1,000
|
Pajaro Valley Unified School District, Santa Cruz County, California, General Obligation
|
No Opt. Call
|
AA
|
688,010
|
|
|
Bonds, Series 2005B, 0.000%, 8/01/29 – AGM Insured
|
|
|
|
|
5,000
|
Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,
|
11/20 at 100.00
|
Ba1 (4)
|
5,399,900
|
|
|
6.000%, 11/01/30 (Pre-refunded 11/01/20)
|
|
|
|
|
2,000
|
Palomar Pomerado Health, California, General Obligation Bonds, Capital Appreciation, Election
|
No Opt. Call
|
A2
|
1,674,000
|
|
|
of 2004, Series 2007A, 0.000%, 8/01/24 – NPFG Insured
|
|
|
|
|
9,320
|
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 0.000%, 8/01/33 –
|
No Opt. Call
|
AA
|
5,129,914
|
|
|
AGC Insured
|
|
|
|
|
4,435
|
Pomona, California, GNMA/FHLMC Collateralized Single Family Mortgage Revenue Refunding Bonds,
|
No Opt. Call
|
AA+ (4)
|
4,989,020
|
|
|
Series 1990B, 7.500%, 8/01/23 (ETM)
|
|
|
|
|
1,800
|
Rialto Unified School District, San Bernardino County, California, General Obligation Bonds,
|
No Opt. Call
|
AA
|
1,307,070
|
|
|
Series 2011A, 0.000%, 8/01/28
|
|
|
|
|
1,000
|
Rim of the World Unified School District, San Bernardino County, California, General
|
8/21 at 100.00
|
AA (4)
|
1,081,450
|
|
|
Obligation Bonds, Series 2011C, 5.000%, 8/01/38 (Pre-refunded 8/01/21) – AGM Insured
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
California (continued)
|
|
|
|
|
$ 760
|
Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, Series
|
6/23 at 100.00
|
BBB
|
$ 828,742
|
|
|
2013A, 5.750%, 6/01/44
|
|
|
|
|
4,020
|
San Bernardino, California, GNMA Mortgage-Backed Securities Program Single Family Mortgage
|
No Opt. Call
|
AA+ (4)
|
4,474,300
|
|
|
Revenue Refunding Bonds, Series 1990A, 7.500%, 5/01/23 (ETM)
|
|
|
|
|
2,250
|
San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011,
|
12/21 at 100.00
|
BB
|
2,460,983
|
|
|
7.500%, 12/01/41
|
|
|
|
|
1,830
|
San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds,
|
8/19 at 100.00
|
N/R (4)
|
2,035,948
|
|
|
Tender Option Bond Trust 2015-XF0098, 15.248%, 8/01/39, 144A (Pre-refunded 8/01/19) (IF)
|
|
|
|
|
4,000
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco International
|
5/23 at 100.00
|
A+
|
4,335,960
|
|
|
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
|
1/25 at 100.00
|
A–
|
11,303,170
|
|
32,725
|
5.000%, 1/15/50
|
1/25 at 100.00
|
A–
|
34,800,747
|
|
7,210
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue
|
No Opt. Call
|
Baa2
|
6,372,414
|
|
|
Bonds, Refunding Series 1997A, 0.000%, 1/15/23 – NPFG Insured
|
|
|
|
|
2,965
|
San Juan Unified School District, Sacramento County, California, General Obligation Bonds,
|
No Opt. Call
|
Aa2
|
2,180,076
|
|
|
Series 2004A, 0.000%, 8/01/28 – NPFG Insured
|
|
|
|
|
4,455
|
San Mateo County Community College District, California, General Obligation Bonds, Series
|
No Opt. Call
|
AAA
|
4,198,036
|
|
|
2006A, 0.000%, 9/01/21 – NPFG Insured
|
|
|
|
|
4,005
|
San Mateo Union High School District, San Mateo County, California, General Obligation Bonds,
|
No Opt. Call
|
Aaa
|
3,206,483
|
|
|
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
|
6,218,100
|
|
|
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
|
No Opt. Call
|
AA
|
1,245,350
|
|
6,570
|
0.000%, 8/01/47
|
No Opt. Call
|
AA
|
1,538,760
|
|
1,840
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed
|
12/18 at 100.00
|
Baa3
|
1,849,660
|
|
|
Bonds, Series 2005A-1, 4.750%, 6/01/23
|
|
|
|
|
2,630
|
Union Elementary School District, Santa Clara County, California, General Obligation Bonds,
|
No Opt. Call
|
AA+
|
2,188,291
|
|
|
Series 2001B, 0.000%, 9/01/25 – FGIC Insured
|
|
|
|
|
3,900
|
West Hills Community College District, California, General Obligation Bonds, School Facilities
|
8/19 at 100.00
|
AA (4)
|
4,372,290
|
|
|
Improvement District 3, 2008 Election Series 2011, 6.500%, 8/01/41 (Pre-refunded 8/01/19) –
|
|
|
|
|
|
AGM Insured
|
|
|
|
|
549,750
|
Total California
|
|
|
498,910,778
|
|
|
Colorado – 10.2% (6.3% of Total Investments)
|
|
|
|
|
500
|
Blue Lake Metropolitan District No. 2 , Lochbuie, Colorado, Limited Tax General Obligation
|
12/21 at 103.00
|
N/R
|
497,900
|
|
|
Bonds, Series 2016A, 5.750%, 12/01/46
|
|
|
|
|
|
Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding &
|
|
|
|
|
|
Improvement Series 2017:
|
|
|
|
|
1,575
|
5.000%, 12/01/37, 144A
|
12/22 at 103.00
|
N/R
|
1,589,900
|
|
3,620
|
5.000%, 12/01/47, 144A
|
12/22 at 103.00
|
N/R
|
3,621,955
|
|
1,250
|
Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding
|
12/23 at 100.00
|
BBB
|
1,367,312
|
|
|
Series 2013A, 5.375%, 12/01/33
|
|
|
|
|
115
|
Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding
|
12/23 at 100.00
|
BB+
|
120,075
|
|
|
Series 2014, 5.000%, 12/01/43
|
|
|
|
|
1,700
|
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Skyview
|
7/24 at 100.00
|
BB
|
1,713,481
|
|
|
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
|
6/27 at 100.00
|
BBB
|
$ 2,169,029
|
|
4,615
|
5.000%, 6/01/35
|
6/27 at 100.00
|
BBB
|
4,978,570
|
|
7,205
|
5.000%, 6/01/36
|
6/27 at 100.00
|
BBB
|
7,756,255
|
|
8,715
|
5.000%, 6/01/37
|
6/27 at 100.00
|
BBB
|
9,355,553
|
|
2,190
|
5.000%, 6/01/42
|
6/27 at 100.00
|
BBB
|
2,334,562
|
|
10,000
|
5.000%, 6/01/47
|
6/27 at 100.00
|
BBB
|
10,563,700
|
|
6,350
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
|
1/19 at 100.00
|
BBB+
|
6,355,778
|
|
|
Series 2006A, 4.500%, 9/01/38
|
|
|
|
|
2,295
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
|
2/21 at 100.00
|
BBB+
|
2,350,677
|
|
|
Series 2011A, 5.000%, 2/01/41
|
|
|
|
|
5,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives,
|
1/23 at 100.00
|
BBB+
|
5,262,750
|
|
|
Series 2013A, 5.250%, 1/01/45
|
|
|
|
|
5,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Children’s Hospital Colorado
|
12/23 at 100.00
|
A+
|
5,358,200
|
|
|
Project, Series 2013A, 5.000%, 12/01/36
|
|
|
|
|
750
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Communities
|
1/19 at 100.00
|
N/R
|
750,773
|
|
|
Project, Series 2012, 5.125%, 1/01/37
|
|
|
|
|
3,050
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Neighborhoods
|
1/24 at 102.00
|
N/R
|
3,121,675
|
|
|
Project, Refunding Series 2016, 5.000%, 1/01/37
|
|
|
|
|
2,375
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good
|
6/22 at 100.00
|
BBB
|
2,467,079
|
|
|
Samaritan Society Project, Refunding Series 2012, 5.000%, 12/01/42
|
|
|
|
|
1,000
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good
|
6/23 at 100.00
|
BBB
|
1,075,590
|
|
|
Samaritan Society Project, Series 2013, 5.625%, 6/01/43
|
|
|
|
|
750
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project,
|
5/27 at 100.00
|
N/R
|
799,890
|
|
|
Refunding & Improvement Series 2017A, 5.250%, 5/15/37
|
|
|
|
|
1,500
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center,
|
9/25 at 100.00
|
A3
|
1,502,610
|
|
|
Refunding Series 2015B, 4.000%, 9/01/34
|
|
|
|
|
25,750
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of
|
1/20 at 100.00
|
AA–
|
26,435,207
|
|
|
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
|
|
|
|
|
2,500
|
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds,
|
12/24 at 100.00
|
N/R
|
2,639,450
|
|
|
Senior Lien Series 2017, 5.000%, 12/31/51
|
|
|
|
|
|
Colorado International Center Metropolitan District 14, Denver, Colorado, Limited Tax General
|
|
|
|
|
|
Obligation Bonds, Refunding & Improvement Series 2018:
|
|
|
|
|
1,895
|
5.625%, 12/01/32
|
12/23 at 103.00
|
N/R
|
1,956,322
|
|
2,660
|
5.875%, 12/01/46
|
12/23 at 103.00
|
N/R
|
2,761,107
|
|
|
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+
|
2,203,780
|
|
1,225
|
5.000%, 12/01/47
|
12/27 at 100.00
|
A+
|
1,344,854
|
|
1,500
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
3/27 at 100.00
|
Aa3
|
1,654,455
|
|
|
Revenue Bonds, Refunding Series 2016B, 5.000%, 3/01/41
|
|
|
|
|
2,000
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
9/27 at 100.00
|
AA
|
2,022,200
|
|
|
Revenue Bonds, Refunding Series 2017A, 4.000%, 3/01/40
|
|
|
|
|
4,000
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
3/28 at 100.00
|
AA
|
3,950,760
|
|
|
Revenue Bonds, Refunding Series 2017E, 4.000%, 3/01/43
|
|
|
|
|
5,000
|
Colorado State, Certificates of Participation, Rural Series 2018A, 4.000%, 12/15/35
|
12/28 at 100.00
|
Aa2
|
5,074,800
|
|
|
Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2016:
|
|
|
|
|
7,115
|
5.000%, 8/01/41 – AGM Insured
|
8/26 at 100.00
|
AA
|
7,727,673
|
|
1,000
|
5.000%, 8/01/46 – AGM Insured
|
8/26 at 100.00
|
AA
|
1,082,610
|
|
11,140
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B,
|
11/22 at 100.00
|
AA–
|
12,007,249
|
|
|
5.000%, 11/15/37
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
|
|||||
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Colorado (continued)
|
|
|
|
|
$ 12,900
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B,
|
11/23 at 100.00
|
A+
|
$ 14,028,234
|
|
|
5.000%, 11/15/43
|
|
|
|
|
2,500
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018B,
|
12/28 at 100.00
|
A+
|
2,766,875
|
|
|
5.000%, 12/01/48
|
|
|
|
|
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel,
|
|
|
|
|
|
Refunding Senior Lien Series 2016:
|
|
|
|
|
2,000
|
5.000%, 12/01/33
|
12/26 at 100.00
|
Baa2
|
2,169,000
|
|
3,000
|
5.000%, 12/01/34
|
12/26 at 100.00
|
Baa2
|
3,237,540
|
|
2,400
|
5.000%, 12/01/36
|
12/26 at 100.00
|
Baa2
|
2,555,712
|
|
1,800
|
5.000%, 12/01/40
|
12/26 at 100.00
|
Baa2
|
1,893,960
|
|
365
|
Denver Urban Renewal Authority, Colorado, Tax Increment Revenue Bonds, 9th and Colorado
|
12/23 at 103.00
|
N/R
|
362,682
|
|
|
Urban Redevelopment Area, Series 2018A, 5.250%, 12/01/39, 144A
|
|
|
|
|
13,920
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%,
|
No Opt. Call
|
A
|
12,974,693
|
|
|
9/01/21 – NPFG Insured
|
|
|
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:
|
|
|
|
|
6,200
|
0.000%, 9/01/22 – NPFG Insured
|
No Opt. Call
|
A
|
5,605,234
|
|
45,540
|
0.000%, 9/01/30 – NPFG Insured
|
No Opt. Call
|
A
|
28,769,440
|
|
16,635
|
0.000%, 9/01/32 – NPFG Insured
|
No Opt. Call
|
A
|
9,619,022
|
|
49,250
|
0.000%, 9/01/33 – NPFG Insured
|
No Opt. Call
|
A
|
27,134,780
|
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A:
|
|
|
|
|
9,310
|
0.000%, 9/01/28 – NPFG Insured
|
No Opt. Call
|
A
|
6,492,701
|
|
2,900
|
0.000%, 9/01/34 – NPFG Insured
|
No Opt. Call
|
A
|
1,527,720
|
|
18,500
|
0.000%, 3/01/36 – NPFG Insured
|
No Opt. Call
|
A
|
9,094,045
|
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B:
|
|
|
|
|
3,800
|
0.000%, 9/01/27 – NPFG Insured
|
9/20 at 67.94
|
A
|
2,443,286
|
|
13,300
|
0.000%, 9/01/31 – NPFG Insured
|
9/20 at 53.77
|
A
|
6,737,248
|
|
6,250
|
0.000%, 9/01/32 – NPFG Insured
|
9/20 at 50.83
|
A
|
2,989,187
|
|
10,000
|
0.000%, 3/01/36 – NPFG Insured
|
9/20 at 41.72
|
A
|
3,917,500
|
|
1,140
|
Fort Lupton, Colorado, Water System Revenue Bonds, Refunding & Improvement Series 2017,
|
12/27 at 100.00
|
AA
|
1,142,554
|
|
|
4.000%, 12/01/42 – AGM Insured
|
|
|
|
|
1,000
|
Lorson Ranch Metropolitan District 2, El Paso County, Colorado, Limited Tax General Obligation
|
12/26 at 100.00
|
BBB+
|
1,067,720
|
|
|
Bonds, Series 2016, 5.000%, 12/01/36
|
|
|
|
|
1,000
|
Louisville, Boulder County, Colorado, General Obligation Bonds, Limited Tax, Series 2017,
|
12/26 at 100.00
|
AA+
|
1,029,930
|
|
|
4.000%, 12/01/36
|
|
|
|
|
1,085
|
North Range Metropolitan District No. 2 , In the City of Commerce City, Adams County, Colorado,
|
12/22 at 103.00
|
N/R
|
1,060,967
|
|
|
Limited Tax General Obligation and Special Revenue and Improvement Bonds, Refunding
|
|
|
|
|
|
Series 2017A, 5.750%, 12/01/47
|
|
|
|
|
1,245
|
Palisade Metropolitan District 2, Broomfield County, Colorado, General Obligation Limited Tax
|
12/21 at 103.00
|
N/R
|
1,182,377
|
|
|
and Revenue Bonds, Series 2016, 4.375%, 12/01/31
|
|
|
|
|
17,735
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
|
12/25 at 100.00
|
N/R
|
18,717,874
|
|
|
Bonds, Refunding Series 2015A, 5.000%, 12/01/45
|
|
|
|
|
2,640
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
|
12/20 at 100.00
|
AA (4)
|
2,852,362
|
|
|
Refunding Bonds, Series 2011, 6.125%, 12/01/41 (Pre-refunded 12/01/20) – AGM Insured
|
|
|
|
|
|
Rampart Range Metropolitan District 1, Lone Tree, Colorado, Limited Tax Supported and Special
|
|
|
|
|
|
Revenue Bonds, Refunding & Improvement Series 2017:
|
|
|
|
|
615
|
5.000%, 12/01/42 – AGM Insured
|
12/27 at 100.00
|
AA
|
670,221
|
|
11,750
|
5.000%, 12/01/47 – AGM Insured
|
12/27 at 100.00
|
AA
|
12,758,150
|
|
630
|
Regional Transportation District, Colorado, Certificates of Participation, Series 2010A,
|
6/20 at 100.00
|
Aa3
|
658,287
|
|
|
5.375%, 6/01/31
|
|
|
|
|
|
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private
|
|
|
|
|
|
Activity Bonds, Series 2010:
|
|
|
|
|
15,000
|
6.500%, 1/15/30
|
7/20 at 100.00
|
BBB+
|
15,726,450
|
|
4,150
|
6.000%, 1/15/41
|
7/20 at 100.00
|
BBB+
|
4,290,560
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Colorado (continued)
|
|
|
|
|
$ 3,250
|
Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General
|
12/26 at 100.00
|
AA
|
$ 3,447,080
|
|
|
Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Series 2016B, 5.000%,
|
|
|
|
|
|
12/01/46 – AGM Insured
|
|
|
|
|
4,000
|
University of Colorado Hospital Authority, Colorado, Revenue Bonds, Series 2012A,
|
11/22 at 100.00
|
AA
|
4,316,160
|
|
|
5.000%, 11/15/42
|
|
|
|
|
14,500
|
University of Colorado, Enterprise System Revenue Bonds, Series 2014A, 5.000%, 6/01/46
|
6/24 at 100.00
|
Aa1 (4)
|
16,474,030
|
|
|
(Pre-refunded 6/01/24)
|
|
|
|
|
2,500
|
Vista Ridge Metropolitan District, In the Town of Erie, Weld County, Colorado, General
|
12/26 at 100.00
|
AA
|
2,505,075
|
|
|
Obligation Refunding Bonds, Series 2016A, 4.000%, 12/01/36 – BAM Insured
|
|
|
|
|
2,175
|
Weld County School District RE1, Colorado, General Obligation Bonds, Series 2017, 5.000%,
|
12/26 at 100.00
|
AA
|
2,454,575
|
|
|
12/15/30 – AGM Insured
|
|
|
|
|
444,330
|
Total Colorado
|
|
|
380,647,012
|
|
|
Connecticut – 0.3% (0.2% of Total Investments)
|
|
|
|
|
1,650
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield University,
|
7/26 at 100.00
|
A–
|
1,770,285
|
|
|
Series 2016Q-1, 5.000%, 7/01/46
|
|
|
|
|
7,165
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University,
|
7/25 at 100.00
|
A–
|
7,688,403
|
|
|
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
|
A
|
551,290
|
|
2,425
|
5.000%, 7/01/42
|
7/27 at 100.00
|
A
|
2,606,463
|
|
11,740
|
Total Connecticut
|
|
|
12,616,441
|
|
|
Delaware – 0.4% (0.2% of Total Investments)
|
|
|
|
|
1,000
|
Delaware Health Facilities Authority, Revenue Bonds, Christiana Care Health Services Inc.,
|
10/20 at 100.00
|
AA+
|
1,045,460
|
|
|
Series 2010A, 5.000%, 10/01/40 – NPFG Insured
|
|
|
|
|
3,250
|
Delaware Health Facilities Authority, Revenue Bonds, Nanticoke Memorial Hospital, Series 2013,
|
7/23 at 100.00
|
BBB+
|
3,409,412
|
|
|
5.000%, 7/01/32
|
|
|
|
|
9,070
|
Delaware Transportation Authority, Revenue Bonds, US 301 Project, Series 2015, 5.000%, 6/01/55
|
6/25 at 100.00
|
AA–
|
9,752,790
|
|
13,320
|
Total Delaware
|
|
|
14,207,662
|
|
|
District of Columbia – 1.1% (0.7% of Total Investments)
|
|
|
|
|
1,250
|
District of Columbia Student Dormitory Revenue Bonds, Provident Group – Howard Properties LLC
|
10/22 at 100.00
|
BB+
|
1,205,175
|
|
|
Issue, Series 2013, 5.000%, 10/01/45
|
|
|
|
|
107,000
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds,
|
12/18 at 100.00
|
N/R
|
16,475,860
|
|
|
Series 2006A, 0.000%, 6/15/46
|
|
|
|
|
|
District of Columbia, Revenue Bonds, Georgetown University, Refunding Series 2017:
|
|
|
|
|
3,500
|
5.000%, 4/01/35
|
4/27 at 100.00
|
A
|
3,874,290
|
|
3,500
|
5.000%, 4/01/36
|
4/27 at 100.00
|
A
|
3,858,225
|
|
15,150
|
District of Columbia, Revenue Bonds, Georgetown University, Series 2007A, 5.000%, 4/01/40 –
|
4/21 at 100.00
|
A
|
15,799,783
|
|
|
AMBAC Insured
|
|
|
|
|
130,400
|
Total District of Columbia
|
|
|
41,213,333
|
|
|
Florida – 7.2% (4.5% of Total Investments)
|
|
|
|
|
2,800
|
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter
|
9/23 at 100.00
|
BBB
|
2,851,492
|
|
|
Academy, Inc. Project, Series 2016, 5.000%, 9/01/46
|
|
|
|
|
11,000
|
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41
|
10/21 at 100.00
|
AA (4)
|
11,877,470
|
|
|
(Pre-refunded 10/01/21) – AGM Insured
|
|
|
|
|
2,830
|
City of Miami Beach, Florida, Stormwater Revenue Bonds, Series 2015, 5.000%, 9/01/41
|
9/25 at 100.00
|
AA–
|
3,100,180
|
|
3,010
|
Cocoa, Florida, Water and Sewer System Revenue Bonds, Refunding Series 2003, 5.500%,
|
No Opt. Call
|
AA
|
3,289,448
|
|
|
10/01/23 – AMBAC Insured
|
|
|
|
|
3,570
|
Collier County Educational Facilities Authority, Florida, Revenue Bonds, Hodges University,
|
11/23 at 100.00
|
BBB–
|
3,856,849
|
|
|
Refunding Series 2013, 6.125%, 11/01/43
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
|
Davie, Florida, Educational Facilities Revenue Bonds, Nova Southeastern University Project,
|
|
|
|
|
|
Refunding Series 2013A:
|
|
|
|
|
$ 8,555
|
6.000%, 4/01/42
|
4/23 at 100.00
|
A–
|
$ 9,488,864
|
|
4,280
|
5.625%, 4/01/43
|
4/23 at 100.00
|
A–
|
4,659,807
|
|
|
Florida Municipal Loan Council, Revenue Bonds, Series 2000B:
|
|
|
|
|
1,040
|
0.000%, 11/01/25 – NPFG Insured
|
No Opt. Call
|
Baa2
|
808,558
|
|
1,590
|
0.000%, 11/01/26 – NPFG Insured
|
No Opt. Call
|
Baa2
|
1,185,011
|
|
1,500
|
Florida Water Pollution Control Financing Corporation, Revolving Fund Revenue Bonds, Series
|
1/19 at 100.00
|
AAA
|
1,509,000
|
|
|
2009A, 5.000%, 1/15/29
|
|
|
|
|
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport,
|
|
|
|
|
|
Subordinate Lien Series 2015B:
|
|
|
|
|
5,730
|
5.000%, 10/01/40
|
10/24 at 100.00
|
A+
|
6,160,037
|
|
12,885
|
5.000%, 10/01/44
|
10/24 at 100.00
|
A+
|
13,823,672
|
|
15,000
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport,
|
10/28 at 100.00
|
Aa3
|
16,551,300
|
|
|
Series 2018F, 5.000%, 10/01/48 (WI/DD, Settling 11/08/18) (UB)
|
|
|
|
|
400
|
Jacksonville, Florida, Better Jacksonville Sales Tax Revenue Bonds, Refunding Series 2012,
|
10/22 at 100.00
|
A+
|
433,016
|
|
|
5.000%, 10/01/30
|
|
|
|
|
1,530
|
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Refunding Series
|
11/21 at 100.00
|
A2
|
1,635,126
|
|
|
2011, 5.000%, 11/15/24
|
|
|
|
|
2,500
|
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015,
|
11/24 at 100.00
|
A2
|
2,664,600
|
|
|
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
|
AA
|
4,190,848
|
|
19,145
|
5.000%, 2/01/44 – AGM Insured
|
2/24 at 100.00
|
AA
|
21,019,678
|
|
|
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
|
N/R
|
222,376
|
|
2,000
|
5.125%, 7/01/38
|
7/27 at 100.00
|
N/R
|
2,158,720
|
|
5,035
|
5.125%, 7/01/46
|
7/27 at 100.00
|
N/R
|
5,404,065
|
|
1,200
|
Miami, Florida, Special Obligation Non-Ad Valorem Revenue Bonds, Refunding Series 2011A,
|
2/21 at 100.00
|
AA (4)
|
1,302,156
|
|
|
6.000%, 2/01/30 (Pre-refunded 2/01/21) – AGM Insured
|
|
|
|
|
7,390
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of
|
4/25 at 100.00
|
A–
|
7,960,065
|
|
|
Miami, Series 2015A, 5.000%, 4/01/45
|
|
|
|
|
12,385
|
Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of
|
4/28 at 100.00
|
A–
|
13,338,150
|
|
|
Miami, Series 2018A, 5.000%, 4/01/53
|
|
|
|
|
10,000
|
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2010A,
|
7/20 at 100.00
|
AA
|
10,414,600
|
|
|
5.000%, 7/01/35
|
|
|
|
|
1,210
|
Miami-Dade County Industrial Development Authority, Florida, Revenue Bonds, Doral Academy,
|
1/28 at 100.00
|
BBB–
|
1,260,651
|
|
|
Series 2018, 5.000%, 1/15/37
|
|
|
|
|
1,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding
|
10/24 at 100.00
|
A
|
1,087,830
|
|
|
Series 2014B, 5.000%, 10/01/37
|
|
|
|
|
5,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2009A,
|
10/19 at 100.00
|
A2 (4)
|
5,160,350
|
|
|
5.500%, 10/01/41 (Pre-refunded 10/01/19)
|
|
|
|
|
7,500
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series
|
10/20 at 100.00
|
A2 (4)
|
7,952,475
|
|
|
2010A-1, 5.375%, 10/01/41 (Pre-refunded 10/01/20)
|
|
|
|
|
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010B:
|
|
|
|
|
3,000
|
5.000%, 10/01/26
|
10/20 at 100.00
|
A
|
3,144,420
|
|
2,500
|
5.000%, 10/01/27
|
10/20 at 100.00
|
A
|
2,619,400
|
|
4,000
|
5.000%, 10/01/35 – AGM Insured
|
10/20 at 100.00
|
AA
|
4,186,440
|
|
1,500
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2016A, 5.000%, 10/01/41
|
10/26 at 100.00
|
A
|
1,635,900
|
|
4,715
|
Miami-Dade County, Florida, Public Facilities Revenue Bonds, Jackson Health System, Series
|
6/27 at 100.00
|
Aa3
|
5,122,235
|
|
|
2017, 5.000%, 6/01/38
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Florida (continued)
|
|
|
|
|
$ 1,850
|
Miami-Dade County, Florida, Special Obligation Bonds, Refunding Subordinate Series 2012B,
|
10/22 at 100.00
|
A+
|
$ 1,985,623
|
|
|
5.000%, 10/01/37
|
|
|
|
|
|
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Refunding Series 2012:
|
|
|
|
|
5,500
|
5.000%, 7/01/31
|
7/22 at 100.00
|
AA
|
5,950,285
|
|
3,000
|
5.000%, 7/01/42
|
7/22 at 100.00
|
AA
|
3,204,450
|
|
5,770
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A,
|
10/22 at 100.00
|
Aa3
|
6,188,613
|
|
|
5.000%, 10/01/42
|
|
|
|
|
1,665
|
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health,
|
10/19 at 100.00
|
A+
|
1,710,171
|
|
|
Inc., Series 2009, 5.125%, 10/01/26
|
|
|
|
|
750
|
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health,
|
4/22 at 100.00
|
A+
|
791,325
|
|
|
Inc., Series 2012A, 5.000%, 10/01/42
|
|
|
|
|
255
|
Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Sinai Residences of
|
6/22 at 102.00
|
N/R
|
286,442
|
|
|
Boca Raton Project, Series 2014A, 7.250%, 6/01/34
|
|
|
|
|
4,000
|
Palm Beach County, Florida, Water and Sewer Revenue Bonds, FPL Reclaimed Water Project, Series
|
10/19 at 100.00
|
AAA
|
4,115,240
|
|
|
2009, 5.250%, 10/01/33
|
|
|
|
|
1,385
|
Rivercrest Community Development District, Florida, Special Assessment Bonds, Series 2007,
|
1/19 at 100.00
|
AA
|
1,386,316
|
|
|
5.000%, 5/01/30 – RAAI Insured
|
|
|
|
|
880
|
Seminole County, Florida, Water and Sewer Revenue Bonds, Refunding & Improvement Series 1992,
|
No Opt. Call
|
Aa2 (4)
|
912,190
|
|
|
6.000%, 10/01/19 – NPFG Insured (ETM)
|
|
|
|
|
6,625
|
South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015,
|
5/25 at 100.00
|
AA
|
6,727,356
|
|
|
4.000%, 5/01/33
|
|
|
|
|
|
South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health
|
|
|
|
|
|
Systems of South Florida Obligated Group, Series 2017:
|
|
|
|
|
4,595
|
5.000%, 8/15/42
|
8/27 at 100.00
|
AA–
|
5,028,538
|
|
12,325
|
5.000%, 8/15/47
|
8/27 at 100.00
|
AA–
|
13,439,550
|
|
1,200
|
Tamarac, Florida, Utility System Revenue Bonds, Series 2009, 5.000%, 10/01/39 (Pre-refunded
|
10/19 at 100.00
|
AA+ (4)
|
1,233,084
|
|
|
10/01/19) – AGC Insured
|
|
|
|
|
|
Tampa Sports Authority, Hillsborough County, Florida, Sales Tax Payments Special Purpose
|
|
|
|
|
|
Bonds, Stadium Project, Series 1995:
|
|
|
|
|
545
|
5.750%, 10/01/20 – NPFG Insured
|
No Opt. Call
|
N/R
|
566,936
|
|
2,785
|
5.750%, 10/01/25 – NPFG Insured
|
No Opt. Call
|
N/R
|
3,102,574
|
|
3,300
|
Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A,
|
5/22 at 100.00
|
Aa2
|
3,548,523
|
|
|
5.000%, 11/15/33
|
|
|
|
|
4,000
|
Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2016A,
|
5/26 at 100.00
|
Aa2
|
3,907,560
|
|
|
4.000%, 11/15/46
|
|
|
|
|
9,720
|
Tampa-Hillsborough County Expressway Authority, Florida, Revenue Bonds, Refunding Series
|
7/22 at 100.00
|
A+ (4)
|
10,633,194
|
|
|
2012B, 5.000%, 7/01/42 (Pre-refunded 7/01/22)
|
|
|
|
|
1,500
|
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle
|
10/21 at 100.00
|
AA (4)
|
1,616,745
|
|
|
Aeronautical University, Inc. Project, Refunding Series 2011, 5.000%, 10/15/29
|
|
|
|
|
|
(Pre-refunded 10/15/21) – AGM Insured
|
|
|
|
|
2,000
|
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle
|
4/25 at 100.00
|
A3
|
2,169,500
|
|
|
Aeronautical University, Series 2015B, 5.000%, 10/15/45
|
|
|
|
|
7,400
|
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson University
|
6/25 at 100.00
|
A–
|
8,033,588
|
|
|
Inc. Project, Series 2015, 5.000%, 6/01/45
|
|
|
|
|
250,865
|
Total Florida
|
|
|
268,612,592
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Georgia – 3.3% (2.0% of Total Investments)
|
|
|
|
|
$ 6,950
|
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2010A, 5.000%, 1/01/40 –
|
1/20 at 100.00
|
AA
|
$ 7,163,295
|
|
|
AGM Insured
|
|
|
|
|
7,230
|
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2012B, 5.000%, 1/01/42
|
1/22 at 100.00
|
AA–
|
7,696,841
|
|
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B:
|
|
|
|
|
1,990
|
5.375%, 11/01/39 (Pre-refunded 11/01/19) – AGM Insured
|
11/19 at 100.00
|
AA (4)
|
2,057,182
|
|
1,060
|
5.375%, 11/01/39 – AGM Insured
|
11/19 at 100.00
|
AA
|
1,092,266
|
|
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2015:
|
|
|
|
|
3,400
|
5.000%, 11/01/33
|
5/25 at 100.00
|
Aa2
|
3,783,860
|
|
2,040
|
5.000%, 11/01/35
|
5/25 at 100.00
|
Aa2
|
2,258,912
|
|
5,000
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 1999A, 5.500%, 11/01/22 –
|
No Opt. Call
|
Aa2
|
5,461,550
|
|
|
FGIC Insured
|
|
|
|
|
1,535
|
Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Refunding Series 2007,
|
8/20 at 100.00
|
AA
|
1,571,165
|
|
|
4.000%, 8/01/26
|
|
|
|
|
2,000
|
Cobb County Kennestone Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
4/27 at 100.00
|
A
|
2,132,800
|
|
|
Wellstar Health System, Series 2017A, 5.000%, 4/01/42
|
|
|
|
|
2,000
|
DeKalb County Hospital Authority, Georgia, Anticipation Certificates Revenue Bonds, DeKalb
|
9/20 at 100.00
|
N/R (4)
|
2,135,920
|
|
|
Medical Center, Inc. Project, Series 2010, 6.000%, 9/01/30 (Pre-refunded 9/01/20)
|
|
|
|
|
5,725
|
Fayette County Hospital Authority, Georgia, Revenue Anticipation Certificates, Piedmont
|
7/26 at 100.00
|
AA–
|
6,122,773
|
|
|
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:
|
|
|
|
|
2,750
|
5.000%, 4/01/42
|
4/27 at 100.00
|
A
|
2,932,600
|
|
13,620
|
5.000%, 4/01/47
|
4/27 at 100.00
|
A
|
14,424,670
|
|
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
|
|
|
|
|
Northeast Georgia Health Services Inc., Series 2010B:
|
|
|
|
|
2,360
|
5.250%, 2/15/45
|
2/20 at 100.00
|
AA–
|
2,431,225
|
|
7,640
|
5.250%, 2/15/45 (Pre-refunded 2/15/20)
|
2/20 at 100.00
|
N/R (4)
|
7,935,592
|
|
12,590
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
2/25 at 100.00
|
AA
|
14,066,807
|
|
|
Northeast Georgia Health Services Inc., Series 2014A, 5.500%, 8/15/54
|
|
|
|
|
7,500
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
2/27 at 100.00
|
AA–
|
8,362,350
|
|
|
Northeast Georgia Health Services Inc., Series 2017B, 5.250%, 2/15/45
|
|
|
|
|
7,905
|
Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project J Bonds, Series 2015A,
|
7/25 at 100.00
|
A
|
8,029,820
|
|
|
5.000%, 7/01/60
|
|
|
|
|
11,000
|
Griffin-Spalding County Hospital Authority, Georgia, Revenue Anticipation Certificates,
|
4/27 at 100.00
|
A
|
10,594,320
|
|
|
Wellstar Health System Inc., Series 2017A, 4.000%, 4/01/42
|
|
|
|
|
1,350
|
Henry County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2005, 5.250%,
|
No Opt. Call
|
AA+
|
1,595,281
|
|
|
2/01/27 – BHAC Insured
|
|
|
|
|
8,230
|
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series
|
10/25 at 100.00
|
Baa2
|
8,566,113
|
|
|
2015, 5.000%, 10/01/40
|
|
|
|
|
2,615
|
Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia
|
10/21 at 100.00
|
Aa2
|
2,762,068
|
|
|
Medical Center Project, Series 2011B, 5.000%, 10/01/41
|
|
|
|
|
116,490
|
Total Georgia
|
|
|
123,177,410
|
|
|
Guam – 0.1% (0.1% of Total Investments)
|
|
|
|
|
4,060
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013,
|
7/23 at 100.00
|
A–
|
4,289,999
|
|
|
5.500%, 7/01/43
|
|
|
|
|
|
Hawaii – 0.0% (0.0% of Total Investments)
|
|
|
|
|
275
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific
|
7/23 at 100.00
|
BB
|
284,400
|
|
|
University, Series 2013A, 6.875%, 7/01/43
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Idaho – 0.1% (0.1% of Total Investments)
|
|
|
|
|
$ 2,110
|
Idaho Health Facilities Authority, Revenue Bonds, Saint Luke’s Health System Project, Series
|
3/22 at 100.00
|
A–
|
$ 2,203,853
|
|
|
2012A, 5.000%, 3/01/47 – AGM Insured
|
|
|
|
|
2,650
|
Idaho Housing and Finance Association, GNMA Housing Revenue Refunding Bonds,
|
1/19 at 100.00
|
A1
|
2,683,867
|
|
|
Wedgewood Terrace Project, Series 2002A-1, 7.250%, 3/20/37
|
|
|
|
|
4,760
|
Total Idaho
|
|
|
4,887,720
|
|
|
Illinois – 23.2% (14.4% 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
|
AA
|
1,081,850
|
|
285
|
5.000%, 4/01/37 – AGM Insured
|
4/28 at 100.00
|
AA
|
305,315
|
|
1,370
|
5.000%, 4/01/38 – AGM Insured
|
4/28 at 100.00
|
AA
|
1,463,242
|
|
|
Bolingbrook, Illinois, General Obligation Refunding Bonds, Refunding Series 2002B:
|
|
|
|
|
4,595
|
0.000%, 1/01/32 – FGIC Insured
|
No Opt. Call
|
A2
|
2,597,645
|
|
4,000
|
0.000%, 1/01/34 – FGIC Insured
|
No Opt. Call
|
A2
|
2,021,960
|
|
11,000
|
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series
|
4/27 at 100.00
|
A
|
12,570,910
|
|
|
2016, 6.000%, 4/01/46
|
|
|
|
|
2,940
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series
|
12/21 at 100.00
|
BB–
|
2,923,948
|
|
|
2011A, 5.000%, 12/01/41
|
|
|
|
|
5,000
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding
|
12/27 at 100.00
|
B+
|
5,069,050
|
|
|
Series 2017G, 5.000%, 12/01/34
|
|
|
|
|
11,450
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series
|
12/25 at 100.00
|
B+
|
12,975,827
|
|
|
2016A, 7.000%, 12/01/44
|
|
|
|
|
1,785
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series
|
12/26 at 100.00
|
B+
|
1,998,861
|
|
|
2016B, 6.500%, 12/01/46
|
|
|
|
|
23,535
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series
|
12/27 at 100.00
|
B+
|
27,478,525
|
|
|
2017A, 7.000%, 12/01/46, 144A
|
|
|
|
|
10,510
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax
|
No Opt. Call
|
Baa2
|
10,205,420
|
|
|
Revenues, Series 1998B-1, 0.000%, 12/01/19 – FGIC Insured
|
|
|
|
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax
|
|
|
|
|
|
Revenues, Series 1999A:
|
|
|
|
|
19,600
|
0.000%, 12/01/20 – FGIC Insured
|
No Opt. Call
|
Baa2
|
18,403,616
|
|
1,000
|
5.500%, 12/01/26 – FGIC Insured
|
No Opt. Call
|
Baa2
|
1,075,390
|
|
3,500
|
Chicago Transit Authority, Illinois, Capital Grant Receipts Revenue Bonds, Federal Transit
|
6/21 at 100.00
|
AA
|
3,707,480
|
|
|
Administration Section 5307 Urbanized Area Formula Funds, Refunding Series 2011,
|
|
|
|
|
|
5.250%, 6/01/26 – AGM Insured
|
|
|
|
|
5,785
|
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011,
|
12/21 at 100.00
|
AA
|
6,078,068
|
|
|
5.250%, 12/01/40
|
|
|
|
|
9,285
|
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2014,
|
12/24 at 100.00
|
AA
|
10,104,123
|
|
|
5.250%, 12/01/49
|
|
|
|
|
13,100
|
Chicago, Illinois, General Airport Revenue Bonds, O’Hare International Airport, Third Lien
|
1/20 at 100.00
|
AA
|
13,511,733
|
|
|
Refunding Series 2010C, 5.250%, 1/01/35 – AGC Insured
|
|
|
|
|
|
Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999:
|
|
|
|
|
32,170
|
0.000%, 1/01/21 – FGIC Insured
|
No Opt. Call
|
BBB+
|
30,111,120
|
|
32,670
|
0.000%, 1/01/22 – FGIC Insured
|
No Opt. Call
|
BBB+
|
29,456,252
|
|
22,670
|
0.000%, 1/01/25 – FGIC Insured
|
No Opt. Call
|
BBB+
|
17,759,451
|
|
10,565
|
Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, 6.000%, 1/01/38
|
1/27 at 100.00
|
BBB+
|
11,743,737
|
|
5,540
|
Chicago, Illinois, Motor Fuel Tax Revenue Bonds, Series 2008A, 5.000%, 1/01/38 – AGC Insured
|
1/19 at 100.00
|
AA
|
5,552,576
|
|
5,000
|
Chicago, Illinois, Sales Tax Revenue Bonds, Series 2011A, 5.000%, 1/01/41
|
1/22 at 100.00
|
N/R (4)
|
5,414,300
|
|
|
(Pre-refunded 1/01/22)
|
|
|
|
|
5,000
|
Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago City
|
12/23 at 100.00
|
A+
|
5,131,900
|
|
|
Colleges, Series 2013, 5.250%, 12/01/43
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
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 City
|
12/27 at 100.00
|
AA
|
$ 4,710,465
|
|
|
Colleges, Series 2017, 5.000%, 12/01/47 – BAM Insured
|
|
|
|
|
4,865
|
Cook County Community Consolidated School District 15, Palatine, Illinois, General Obligation
|
No Opt. Call
|
Aa2
|
4,609,490
|
|
|
Bonds, Series 2001, 0.000%, 12/01/20 – NPFG Insured
|
|
|
|
|
|
Cook County Community High School District 219, Niles Township, Illinois, General Obligation
|
|
|
|
|
|
Capital Appreciation Bonds, Series 2001:
|
|
|
|
|
2,575
|
0.000%, 12/01/20 – NPFG Insured
|
No Opt. Call
|
Baa2
|
2,400,080
|
|
3,615
|
0.000%, 12/01/20 – NPFG Insured (ETM)
|
No Opt. Call
|
N/R (4)
|
3,445,601
|
|
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2010A:
|
|
|
|
|
3,500
|
5.250%, 11/15/22
|
11/20 at 100.00
|
AA–
|
3,692,010
|
|
12,425
|
5.250%, 11/15/33
|
11/20 at 100.00
|
AA–
|
12,933,058
|
|
|
DuPage County Forest Preserve District, Illinois, General Obligation Bonds, Series 2000:
|
|
|
|
|
8,000
|
0.000%, 11/01/18
|
No Opt. Call
|
AAA
|
8,000,000
|
|
15,285
|
0.000%, 11/01/19
|
No Opt. Call
|
AAA
|
14,953,621
|
|
|
Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural History,
|
|
|
|
|
|
Series 2002.RMKT:
|
|
|
|
|
5,265
|
5.500%, 11/01/36
|
11/23 at 100.00
|
A
|
5,646,607
|
|
2,750
|
3.900%, 11/01/36
|
11/27 at 102.00
|
A
|
2,578,730
|
|
5,020
|
Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Series 2012,
|
6/22 at 100.00
|
AA
|
5,285,006
|
|
|
5.000%, 6/01/42
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network,
|
|
|
|
|
|
Series 2016C:
|
|
|
|
|
3,500
|
5.000%, 2/15/32
|
2/27 at 100.00
|
AA+
|
3,911,985
|
|
1,000
|
5.000%, 2/15/41
|
2/27 at 100.00
|
AA+
|
1,086,780
|
|
27,135
|
4.000%, 2/15/41
|
2/27 at 100.00
|
AA+
|
26,162,753
|
|
4,200
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012, 5.000%, 9/01/38
|
9/22 at 100.00
|
AA+
|
4,440,786
|
|
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A:
|
|
|
|
|
8,750
|
5.000%, 9/01/39
|
9/24 at 100.00
|
AA+
|
9,450,787
|
|
11,030
|
5.000%, 9/01/42
|
9/24 at 100.00
|
AA+
|
11,883,170
|
|
1,500
|
Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009B, 5.500%,
|
11/19 at 100.00
|
AA+ (4)
|
1,550,970
|
|
|
11/01/39 (Pre-refunded 11/01/19)
|
|
|
|
|
2,910
|
Illinois Finance Authority, Revenue Bonds, Ingalls Health System, Series 2013, 5.000%, 5/15/43
|
5/22 at 100.00
|
Baa2
|
3,000,181
|
|
6,000
|
Illinois Finance Authority, Revenue Bonds, Memorial Health System, Series 2009, 5.500%, 4/01/34
|
4/19 at 100.00
|
AA–
|
6,083,460
|
|
16,165
|
Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016,
|
6/26 at 100.00
|
A3
|
17,158,339
|
|
|
5.000%, 12/01/40
|
|
|
|
|
1,100
|
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Healthcare, Tender Option
|
8/22 at 100.00
|
Aa2
|
1,383,327
|
|
|
Bond Trust 2015-XF0076, 13.167%, 8/15/37, 144A (IF)
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding Series 2010A
|
|
|
|
|
1,080
|
6.000%, 5/15/39,
|
5/20 at 100.00
|
A
|
1,124,302
|
|
3,460
|
I 6.000%, 5/15/39 (Pre-refunded 5/15/20)
|
5/20 at 100.00
|
N/R (4)
|
3,656,943
|
|
13,540
|
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A,
|
11/25 at 100.00
|
A
|
14,397,217
|
|
|
5.000%, 11/15/45
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A:
|
|
|
|
|
85
|
7.750%, 8/15/34 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
88,762
|
|
8,400
|
7.750%, 8/15/34 (Pre-refunded 8/15/19)
|
8/19 at 100.00
|
N/R (4)
|
8,771,784
|
|
2,215
|
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A,
|
7/23 at 100.00
|
A–
|
2,402,633
|
|
|
6.000%, 7/01/43
|
|
|
|
|
4,135
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
|
8/25 at 100.00
|
Baa1
|
4,330,792
|
|
|
Refunding Series 2015C, 5.000%, 8/15/44
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
$ 5,000
|
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc.,
|
3/27 at 100.00
|
A+
|
$ 5,300,100
|
|
|
Series 2017A, 5.000%, 3/01/47
|
|
|
|
|
8,040
|
Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Series 2011A, 6.000%,
|
8/21 at 100.00
|
AA
|
8,704,345
|
|
|
8/15/41 – AGM Insured
|
|
|
|
|
1,000
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series
|
2/21 at 100.00
|
AA– (4)
|
1,071,990
|
|
|
2011C, 5.500%, 8/15/41 (Pre-refunded 2/15/21)
|
|
|
|
|
2,500
|
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series
|
2/21 at 100.00
|
AA– (4)
|
2,679,975
|
|
|
2011C, 5.500%, 8/15/41 (Pre-refunded 2/15/21) (UB) (5)
|
|
|
|
|
15,510
|
Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A,
|
10/21 at 100.00
|
AA+
|
16,320,242
|
|
|
5.000%, 10/01/51
|
|
|
|
|
|
Illinois State, General Obligation Bonds, February Series 2014:
|
|
|
|
|
1,600
|
5.250%, 2/01/32
|
2/24 at 100.00
|
BBB
|
1,653,152
|
|
5,450
|
5.000%, 2/01/39
|
2/24 at 100.00
|
BBB
|
5,487,060
|
|
1,750
|
Illinois State, General Obligation Bonds, January Series 2016, 5.000%, 1/01/32
|
1/26 at 100.00
|
BBB
|
1,776,198
|
|
5,420
|
Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/39
|
5/24 at 100.00
|
BBB
|
5,448,401
|
|
5,000
|
Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/34
|
11/26 at 100.00
|
BBB
|
5,075,700
|
|
15,000
|
Illinois State, General Obligation Bonds, November Series 2017C, 5.000%, 11/01/29
|
11/27 at 100.00
|
BBB
|
15,371,250
|
|
3,500
|
Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/25
|
No Opt. Call
|
BBB
|
3,644,550
|
|
|
Illinois State, General Obligation Bonds, October Series 2016:
|
|
|
|
|
3,510
|
5.000%, 2/01/28
|
2/27 at 100.00
|
BBB
|
3,622,250
|
|
6,100
|
5.000%, 2/01/29
|
2/27 at 100.00
|
BBB
|
6,257,014
|
|
10,000
|
Illinois State, General Obligation Bonds, Refunding Series 2010, 5.000%, 1/01/21 – AGM Insured
|
1/20 at 100.00
|
AA
|
10,268,400
|
|
2,515
|
Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/24
|
8/22 at 100.00
|
BBB
|
2,603,327
|
|
|
Illinois State, General Obligation Bonds, Series 2012A:
|
|
|
|
|
2,500
|
5.000%, 3/01/25
|
3/22 at 100.00
|
BBB
|
2,577,100
|
|
4,500
|
5.000%, 3/01/27
|
3/22 at 100.00
|
BBB
|
4,611,960
|
|
2,035
|
Illinois State, General Obligation Bonds, Series 2013, 5.500%, 7/01/38
|
7/23 at 100.00
|
BBB
|
2,129,200
|
|
5,030
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A,
|
1/23 at 100.00
|
AA–
|
5,378,126
|
|
|
5.000%, 1/01/38
|
|
|
|
|
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2014B:
|
|
|
|
|
8,000
|
5.000%, 1/01/38
|
1/24 at 100.00
|
AA–
|
8,668,160
|
|
6,500
|
5.000%, 1/01/39
|
1/24 at 100.00
|
AA–
|
7,036,445
|
|
10,040
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A,
|
7/25 at 100.00
|
AA–
|
10,921,512
|
|
|
5.000%, 1/01/40
|
|
|
|
|
8,890
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015B,
|
1/26 at 100.00
|
AA–
|
9,593,644
|
|
|
5.000%, 1/01/40
|
|
|
|
|
10,000
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2017A,
|
1/28 at 100.00
|
AA–
|
10,864,300
|
|
|
5.000%, 1/01/42
|
|
|
|
|
1,115
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust
|
1/23 at 100.00
|
AA–
|
1,423,877
|
|
|
2015-XF0051, 13.175%, 1/01/38, 144A (IF)
|
|
|
|
|
11,050
|
Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2001, 6.000%, 11/01/26 –
|
No Opt. Call
|
Baa2
|
12,385,503
|
|
|
FGIC Insured
|
|
|
|
|
|
Lake County Community Unit School District 60, Waukegan, Illinois, General Obligation
|
|
|
|
|
|
Refunding Bonds, Series 2001B:
|
|
|
|
|
3,230
|
0.000%, 11/01/19 – AGM Insured
|
No Opt. Call
|
A2
|
3,149,702
|
|
1,740
|
0.000%, 11/01/21 – AGM Insured
|
No Opt. Call
|
A2
|
1,592,378
|
|
4,020
|
Lake, Cook, Kane and McHenry Counties Community Unit School District 220, Barrington,
|
No Opt. Call
|
A2
|
4,256,135
|
|
|
Illinois, General Obligation Bonds, Series 2002, 5.250%, 12/01/20 – AGM Insured (UB)
|
|
|
|
|
5,000
|
Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Series 2011A,
|
1/21 at 100.00
|
A2
|
5,259,600
|
|
|
5.250%, 1/01/39 – AGM Insured
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
$ 17,945
|
McHenry and Kane Counties Community Consolidated School District 158, Huntley, Illinois,
|
No Opt. Call
|
Baa2
|
$ 16,311,287
|
|
|
General Obligation Bonds, Series 2003, 0.000%, 1/01/22 – FGIC Insured
|
|
|
|
|
2,910
|
McHenry County Community High School District 154, Marengo, Illinois, Capital Appreciation
|
No Opt. Call
|
Aa2
|
2,748,873
|
|
|
School Bonds, Series 2001, 0.000%, 1/01/21 – FGIC Insured
|
|
|
|
|
5,000
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds,
|
12/25 at 100.00
|
BB+
|
5,285,850
|
|
|
Series 2015A, 5.500%, 6/15/53
|
|
|
|
|
2,030
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds,
|
12/27 at 100.00
|
BB+
|
2,089,824
|
|
|
Series 2017A, 5.000%, 6/15/57
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
|
|
|
|
|
Refunding Bonds, Series 2010A:
|
|
|
|
|
11,795
|
5.500%, 6/15/50
|
6/20 at 100.00
|
BB+
|
11,895,847
|
|
3,790
|
5.500%, 6/15/50 (Pre-refunded 6/15/20)
|
6/20 at 100.00
|
N/R (4)
|
3,990,301
|
|
|
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
|
AA
|
8,978,970
|
|
5,355
|
0.000%, 6/15/46 – AGM Insured
|
No Opt. Call
|
AA
|
1,383,786
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|
|
|
|
|
Project, Refunding Series 1996A:
|
|
|
|
|
9,400
|
0.000%, 12/15/18 – NPFG Insured
|
No Opt. Call
|
Baa2
|
9,369,356
|
|
16,570
|
0.000%, 12/15/20 – NPFG Insured
|
No Opt. Call
|
Baa2
|
15,411,260
|
|
5,010
|
0.000%, 12/15/21 – NPFG Insured
|
No Opt. Call
|
Baa2
|
4,475,433
|
|
23,920
|
0.000%, 12/15/22 – NPFG Insured
|
No Opt. Call
|
Baa2
|
20,508,769
|
|
13,350
|
0.000%, 12/15/24 – NPFG Insured
|
No Opt. Call
|
Baa2
|
10,445,307
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|
|
|
|
|
Project, Refunding Series 1998A:
|
|
|
|
|
5,100
|
5.500%, 12/15/23 – FGIC Insured
|
No Opt. Call
|
Baa2
|
5,521,311
|
|
5,180
|
5.500%, 12/15/23 – FGIC Insured (ETM)
|
No Opt. Call
|
Ba1 (4)
|
5,594,348
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|
|
|
|
|
Project, Refunding Series 2010B-2:
|
|
|
|
|
8,000
|
5.250%, 6/15/50
|
6/20 at 100.00
|
BBB–
|
8,037,680
|
|
2,330
|
5.000%, 6/15/50
|
6/20 at 100.00
|
BBB–
|
2,332,027
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
|
|
|
|
|
Project, Series 2002A:
|
|
|
|
|
5,080
|
5.700%, 6/15/25
|
6/24 at 100.00
|
BB+
|
5,519,522
|
|
1,420
|
5.700%, 6/15/25 (Pre-refunded 6/15/22)
|
6/22 at 101.00
|
N/R (4)
|
1,599,786
|
|
8,000
|
5.750%, 6/15/26 – NPFG Insured
|
6/22 at 101.00
|
Baa2
|
8,677,120
|
|
1,115
|
5.750%, 6/15/27
|
No Opt. Call
|
BB+
|
1,205,426
|
|
4,610
|
5.750%, 6/15/27 (Pre-refunded 6/15/22)
|
6/22 at 101.00
|
N/R (4)
|
5,201,601
|
|
3,505
|
0.000%, 6/15/30
|
No Opt. Call
|
BB+
|
2,038,333
|
|
195
|
0.000%, 6/15/30 (ETM)
|
No Opt. Call
|
N/R (4)
|
133,616
|
|
28,000
|
0.000%, 12/15/35 – AGM Insured
|
No Opt. Call
|
AA
|
12,598,320
|
|
3,280
|
0.000%, 6/15/37 – NPFG Insured
|
No Opt. Call
|
Baa2
|
1,281,890
|
|
11,715
|
0.000%, 12/15/38 – NPFG Insured
|
No Opt. Call
|
Baa2
|
4,211,542
|
|
5,000
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion
|
6/22 at 100.00
|
BBB–
|
5,067,400
|
|
|
Project, Series 2012B, 5.000%, 6/15/52 (UB) (5)
|
|
|
|
|
9,760
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
No Opt. Call
|
AA+ (4)
|
11,570,773
|
|
|
Hospitality Facility, Series 1996A, 7.000%, 7/01/26 (ETM)
|
|
|
|
|
|
Midlothian, Illinois, General Obligation Bonds, Series 2010A:
|
|
|
|
|
2,685
|
5.000%, 2/01/30 – AGM Insured
|
2/20 at 100.00
|
AA
|
2,697,029
|
|
2,080
|
5.250%, 2/01/34 – AGM Insured
|
2/20 at 100.00
|
AA
|
2,093,042
|
|
17,865
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
No Opt. Call
|
AA
|
19,893,392
|
|
|
Illinois, General Obligation Bonds, Series 1999, 5.750%, 6/01/23 – AGM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Illinois (continued)
|
|
|
|
|
$ 2,300
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
No Opt. Call
|
AA
|
$ 2,873,689
|
|
|
Illinois, General Obligation Bonds, Series 2000A, 6.500%, 7/01/30 – NPFG Insured
|
|
|
|
|
4,125
|
Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Memorial Group,
|
11/23 at 100.00
|
N/R (4)
|
5,114,505
|
|
|
Inc., Series 2013, 7.625%, 11/01/48 (Pre-refunded 11/01/23)
|
|
|
|
|
|
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015:
|
|
|
|
|
2,250
|
5.000%, 3/01/29
|
3/25 at 100.00
|
A
|
2,466,810
|
|
7,000
|
5.000%, 3/01/31
|
3/25 at 100.00
|
A
|
7,628,600
|
|
2,685
|
Sterling, Whiteside County, Illinois, General Obligation Bonds, Recovery Zone Facility Series
|
5/20 at 100.00
|
AA
|
2,793,259
|
|
|
2010A, 5.250%, 5/01/31 – AGM Insured
|
|
|
|
|
2,000
|
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013,
|
10/23 at 100.00
|
A–
|
2,239,540
|
|
|
6.250%, 10/01/38
|
|
|
|
|
4,810
|
Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation
|
No Opt. Call
|
A2
|
4,169,741
|
|
|
Bonds, Series 2006, 0.000%, 1/01/23 – AGM Insured
|
|
|
|
|
|
Will County Community Unit School District 201U, Crete-Monee, Illinois, General Obligation
|
|
|
|
|
|
Bonds, Capital Appreciation Series 2004:
|
|
|
|
|
2,550
|
0.000%, 11/01/22 – NPFG Insured
|
No Opt. Call
|
A+
|
2,256,724
|
|
780
|
0.000%, 11/01/22 – NPFG Insured (ETM)
|
No Opt. Call
|
Baa2 (4)
|
702,647
|
|
1,895
|
Williamson & Johnson Counties Community Unit School District 2, Marion, Illinois, General
|
12/20 at 100.00
|
AA (4)
|
2,086,490
|
|
|
Obligation Bonds, Series 2011, 7.250%, 12/01/28 (Pre-refunded 12/01/20) – AGM Insured
|
|
|
|
|
908,295
|
Total Illinois
|
|
|
863,514,560
|
|
|
Indiana – 4.0% (2.5% of Total Investments)
|
|
|
|
|
6,000
|
Indiana Finance Authority, Educational Facilities Revenue Bonds, Valparaiso University
|
10/24 at 100.00
|
A3
|
6,384,480
|
|
|
Project, Series 2014, 5.000%, 10/01/44
|
|
|
|
|
7,910
|
Indiana Finance Authority, Health System Revenue Bonds, Sisters of Saint Francis Health
|
11/19 at 100.00
|
Aa3 (4)
|
8,159,402
|
|
|
Services, Inc. Obligated Group, Series 2009, 5.250%, 11/01/39 (Pre-refunded 11/01/19)
|
|
|
|
|
|
Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project,
|
|
|
|
|
|
Series 2012A:
|
|
|
|
|
5,000
|
4.000%, 5/01/35
|
5/23 at 100.00
|
A
|
5,028,650
|
|
5,420
|
5.000%, 5/01/42
|
5/23 at 100.00
|
A
|
5,725,525
|
|
|
Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation Group,
|
|
|
|
|
|
Refunding 2015A:
|
|
|
|
|
3,400
|
5.000%, 12/01/40
|
6/25 at 100.00
|
AA
|
3,678,664
|
|
1,875
|
4.000%, 12/01/40
|
6/25 at 100.00
|
AA
|
1,834,538
|
|
8,630
|
Indiana Finance Authority, Revenue Bonds, Community Foundation of Northwest Indiana Obligated
|
3/22 at 100.00
|
AA–
|
9,099,903
|
|
|
Group, Series 2012, 5.000%, 3/01/41
|
|
|
|
|
6,290
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2009A,
|
12/19 at 100.00
|
AA– (4)
|
6,503,923
|
|
|
5.250%, 12/01/38 (Pre-refunded 12/01/19)
|
|
|
|
|
2,500
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2010B,
|
12/20 at 100.00
|
AA– (4)
|
2,641,550
|
|
|
5.000%, 12/01/37 (Pre-refunded 12/01/20)
|
|
|
|
|
10,000
|
Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 2009A, 5.250%,
|
12/19 at 100.00
|
Aa3 (4)
|
10,340,100
|
|
|
12/01/38 (Pre-refunded 12/01/19) (UB) (5)
|
|
|
|
|
11,000
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, First Lien
|
10/26 at 100.00
|
AA
|
11,918,060
|
|
|
Green Series 2016A, 5.000%, 10/01/46
|
|
|
|
|
5,000
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series
|
10/21 at 100.00
|
AA–
|
5,295,550
|
|
|
2011B, 5.000%, 10/01/41
|
|
|
|
|
5,000
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series
|
10/22 at 100.00
|
AA
|
5,385,750
|
|
|
2012A, 5.000%, 10/01/37
|
|
|
|
|
13,215
|
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series
|
10/24 at 100.00
|
AA
|
14,353,472
|
|
|
2014A, 5.000%, 10/01/44
|
|
|
|
|
5,130
|
Indiana Finance Authority, Water Utility Revenue Bonds, Citizens Energy Group Project, First
|
10/26 at 100.00
|
AA
|
5,558,150
|
|
|
Lien Series 2016A, 5.000%, 10/01/46
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
|
|||||
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Indiana (continued)
|
|
|
|
|
$ 4,320
|
Indiana Health Facility Financing Authority, Revenue Bonds, Ancilla Systems Inc. Obligated
|
No Opt. Call
|
N/R (4)
|
$ 4,326,653
|
|
|
Group, Series 1997, 5.250%, 7/01/22 – NPFG Insured (ETM)
|
|
|
|
|
14,100
|
Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series 2016A,
|
7/26 at 100.00
|
A+
|
15,430,899
|
|
|
5.000%, 1/01/42
|
|
|
|
|
3,000
|
Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series 2011A, 5.000%,
|
7/21 at 100.00
|
A+ (4)
|
3,221,730
|
|
|
1/01/31 (Pre-refunded 7/01/21)
|
|
|
|
|
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E:
|
|
|
|
|
9,255
|
0.000%, 2/01/25 – AMBAC Insured
|
No Opt. Call
|
AA
|
7,717,189
|
|
9,560
|
0.000%, 2/01/26 – AMBAC Insured
|
No Opt. Call
|
AA
|
7,660,524
|
|
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project Series 2009A:
|
|
|
|
|
585
|
5.500%, 1/01/38 (Pre-refunded 1/01/19) – AGC Insured
|
1/19 at 100.00
|
AA (4)
|
588,528
|
|
2,415
|
5.500%, 1/01/38 (Pre-refunded 1/01/19) – AGC Insured
|
1/19 at 100.00
|
AA (4)
|
2,428,935
|
|
5,000
|
5.500%, 1/01/38 – AGC Insured (UB)
|
1/19 at 100.00
|
A+
|
5,029,103
|
|
1,580
|
Zionsville Community Schools Building Corporation, Indiana, First Mortgage Bonds, Series
|
No Opt. Call
|
AA
|
1,171,191
|
|
|
2005Z, 0.000%, 1/15/28 – AGM Insured
|
|
|
|
|
146,185
|
Total Indiana
|
|
|
149,482,469
|
|
|
Iowa – 2.5% (1.6% of Total Investments)
|
|
|
|
|
4,000
|
Ames, Iowa, Hospital Revenue Bonds, Mary Greeley Medical Center, Series 2011, 5.250%, 6/15/36
|
6/20 at 100.00
|
A2 (4)
|
4,192,280
|
|
|
(Pre-refunded 6/15/20)
|
|
|
|
|
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company
|
|
|
|
|
|
Project, Series 2013:
|
|
|
|
|
7,255
|
5.500%, 12/01/22
|
12/18 at 100.00
|
B
|
7,268,930
|
|
16,130
|
5.250%, 12/01/25
|
12/23 at 100.00
|
B
|
17,063,282
|
|
2,310
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company
|
12/19 at 104.00
|
B
|
2,427,487
|
|
|
Project, Series 2016, 5.875%, 12/01/26, 144A
|
|
|
|
|
2,690
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company
|
12/22 at 105.00
|
B
|
2,859,712
|
|
|
Project, Series 2018B, 5.250%, 12/01/50 (Mandatory put 12/01/22)
|
|
|
|
|
|
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:
|
|
|
|
|
13,950
|
5.375%, 6/01/38
|
1/19 at 100.00
|
B+
|
13,986,828
|
|
12,830
|
5.500%, 6/01/42
|
1/19 at 100.00
|
B+
|
12,859,894
|
|
5,675
|
5.625%, 6/01/46
|
1/19 at 100.00
|
B
|
5,682,321
|
|
16,100
|
Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,
|
1/19 at 100.00
|
BB–
|
16,145,885
|
|
|
5.600%, 6/01/34
|
|
|
|
|
|
Xenia Rural Water District, Iowa, Water Revenue Bonds, Refunding Capital Loan Note Series 2016:
|
|
|
|
|
4,700
|
5.000%, 12/01/36
|
12/26 at 100.00
|
BBB+
|
4,971,754
|
|
5,990
|
5.000%, 12/01/41
|
12/26 at 100.00
|
BBB+
|
6,277,640
|
|
91,630
|
Total Iowa
|
|
|
93,736,013
|
|
|
Kansas – 0.5% (0.3% of Total Investments)
|
|
|
|
|
2,000
|
Kansas Development Finance Authority, Health Facilities Revenue Bonds, Stormont-Vail Health
|
11/22 at 100.00
|
A2
|
2,118,940
|
|
|
Care Inc., Series 2013J, 5.000%, 11/15/38
|
|
|
|
|
3,000
|
Kansas Development Finance Authority, Hospital Revenue Bonds, Adventist Health System/Sunbelt
|
5/22 at 100.00
|
AA
|
3,217,560
|
|
|
Obligated Group, Series 2012A, 5.000%, 11/15/28
|
|
|
|
|
3,700
|
Kansas Municipal Energy Agency, Power Project Revenue Bonds, Dogwood Project, Series 2018A,
|
4/26 at 100.00
|
AA
|
3,957,261
|
|
|
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
|
5,684,327
|
|
|
5.000%, 7/01/43
|
|
|
|
|
2,305
|
Overland Park Development Corporation, Kansas, First Tier Revenue Bonds, Overland Park
|
1/19 at 100.00
|
BB+
|
2,308,342
|
|
|
Convention Center, Series 2007A, 5.125%, 1/01/22 – AMBAC Insured
|
|
|
|
|
16,275
|
Total Kansas
|
|
|
17,286,430
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Kentucky – 1.3% (0.8% of Total Investments)
|
|
|
|
|
$ 6,010
|
Kentucky Economic Development Finance Authority, Health System Revenue Bonds, Norton
|
No Opt. Call
|
A+
|
$ 4,130,012
|
|
|
Healthcare Inc., Series 2000B, 0.000%, 10/01/28 – NPFG Insured
|
|
|
|
|
2,000
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare
|
8/21 at 100.00
|
A
|
2,067,040
|
|
|
System Obligated Group, Series 2011, 5.000%, 8/15/42
|
|
|
|
|
1,300
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Health,
|
6/27 at 100.00
|
Baa3
|
1,344,863
|
|
|
Refunding Series 2017A, 5.000%, 6/01/37
|
|
|
|
|
4,525
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical
|
6/20 at 100.00
|
Baa3 (4)
|
4,827,722
|
|
|
Health System, Series 2010A, 6.500%, 3/01/45 (Pre-refunded 6/01/20)
|
|
|
|
|
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
|
|
|
|
|
Downtown Crossing Project, Convertible Capital Appreciation Series 2013C:
|
|
|
|
|
5,000
|
0.000%, 7/01/43 (6)
|
7/31 at 100.00
|
Baa3
|
4,590,950
|
|
8,610
|
0.000%, 7/01/46 (6)
|
7/31 at 100.00
|
Baa3
|
7,937,215
|
|
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
|
|
|
|
|
Downtown Crossing Project, Series 2013A:
|
|
|
|
|
2,655
|
5.750%, 7/01/49
|
7/23 at 100.00
|
Baa3
|
2,850,753
|
|
430
|
6.000%, 7/01/53
|
7/23 at 100.00
|
Baa3
|
466,709
|
|
4,630
|
Lexington-Fayette Urban County Government Public Facilities Corporation, Kentucky State Lease
|
6/21 at 100.00
|
A1
|
4,905,670
|
|
|
Revenue Bonds, Eastern State Hospital Project, Series 2011A, 5.250%, 6/01/31
|
|
|
|
|
|
Louisville/Jefferson County Metro Government, Kentucky, Revenue Bonds, Catholic Health
|
|
|
|
|
|
Initiatives, Series 2012A:
|
|
|
|
|
2,980
|
5.000%, 12/01/35
|
6/22 at 100.00
|
BBB+
|
3,102,627
|
|
9,635
|
5.000%, 12/01/35 (Pre-refunded 6/01/22)
|
6/22 at 100.00
|
N/R (4)
|
10,541,461
|
|
47,775
|
Total Kentucky
|
|
|
46,765,022
|
|
|
Louisiana – 3.1% (1.9% of Total Investments)
|
|
|
|
|
7,715
|
Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala Warehousing
|
7/23 at 100.00
|
N/R
|
8,156,529
|
|
|
(US) LLC Project, Series 2013, 6.000%, 7/01/36
|
|
|
|
|
4,000
|
Board of Commissioners of the Port of New Orleans, Louisiana, Port Facility Revenue Bonds,
|
4/28 at 100.00
|
AA
|
4,340,480
|
|
|
Refunding Series 2018A, 5.000%, 4/01/48 – AGM Insured
|
|
|
|
|
670
|
Jefferson Parish Hospital District1, Louisiana, Hospital Revenue Bonds, West Jefferson Medical
|
1/21 at 100.00
|
AA (4)
|
722,749
|
|
|
Center, Refunding Series 2011A, 6.000%, 1/01/39 (Pre-refunded 1/01/21) – AGM Insured
|
|
|
|
|
1,870
|
Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue Bonds,
|
12/27 at 100.00
|
AA
|
2,072,727
|
|
|
Series 2017B, 5.000%, 12/01/42 – AGM Insured
|
|
|
|
|
5,000
|
Lafayette Public Trust Financing Authority, Louisiana, Revenue Bonds, Ragin’ Cajun Facilities
|
10/20 at 100.00
|
AA (4)
|
5,313,300
|
|
|
Inc. Housing & Parking Project, Series 2010, 5.500%, 10/01/41 (Pre-refunded 10/01/20) –
|
|
|
|
|
|
AGM Insured
|
|
|
|
|
1,695
|
Louisiana Public Facilities Authority, Lease Revenue Bonds, Provident Group-Flagship
|
7/26 at 100.00
|
A
|
1,800,090
|
|
|
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)
|
21,805
|
|
2,345
|
4.000%, 5/15/36
|
5/26 at 100.00
|
A3
|
2,324,528
|
|
20
|
5.000%, 5/15/47 (Pre-refunded 5/15/26)
|
5/26 at 100.00
|
N/R (4)
|
23,162
|
|
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
|
|
|
|
|
Refunding Series 2017:
|
|
|
|
|
4,000
|
5.000%, 5/15/42
|
5/27 at 100.00
|
A3
|
4,245,200
|
|
22,625
|
5.000%, 5/15/46
|
5/27 at 100.00
|
A3
|
23,812,360
|
|
5,750
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/21 at 100.00
|
A3 (4)
|
6,387,330
|
|
|
Series 2011, 6.750%, 5/15/41 (Pre-refunded 5/15/21)
|
|
|
|
|
1,975
|
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,
|
5/25 at 100.00
|
A3
|
2,078,293
|
|
|
Series 2015, 5.000%, 5/15/47
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Louisiana (continued)
|
|
|
|
|
$ 13,590
|
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A,
|
7/23 at 100.00
|
AA–
|
$ 14,758,060
|
|
|
5.000%, 7/01/36
|
|
|
|
|
1,015
|
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Second Lien Series 2017C,
|
11/27 at 100.00
|
AA
|
1,123,382
|
|
|
5.000%, 5/01/45
|
|
|
|
|
5,000
|
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Second Lien Series 2010B, 5.000%,
|
5/20 at 100.00
|
AA (4)
|
5,211,850
|
|
|
5/01/45 (Pre-refunded 5/01/20)
|
|
|
|
|
12,000
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project,
|
1/25 at 100.00
|
A–
|
12,824,880
|
|
|
Series 2015A, 5.000%, 1/01/45
|
|
|
|
|
5,000
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project,
|
1/27 at 100.00
|
A–
|
5,402,900
|
|
|
Series 2017A, 5.000%, 1/01/48
|
|
|
|
|
6,280
|
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014, 5.000%, 6/01/44
|
6/24 at 100.00
|
A
|
6,714,199
|
|
1,355
|
Shreveport, Louisiana, Water and Sewer Revenue Bonds, Refunding Series 2015, 5.000%, 12/01/40
|
12/25 at 100.00
|
A–
|
1,478,793
|
|
5,000
|
St. Tammany Parish Hospital District No. 1, Louisiana,Hospital Revenue and Revenue Refunding
|
7/28 at 100.00
|
N/R
|
5,347,550
|
|
|
Bonds, St. Tammany Parish Hospital Project, Series 2018, 5.000%, 7/01/48
|
|
|
|
|
106,925
|
Total Louisiana
|
|
|
114,160,167
|
|
|
Maine – 0.6% (0.4% of Total Investments)
|
|
|
|
|
7,000
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical
|
7/23 at 100.00
|
BBB
|
7,198,730
|
|
|
Center Obligated Group Issue, Series 2013, 5.000%, 7/01/43
|
|
|
|
|
6,300
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical
|
7/26 at 100.00
|
BBB
|
6,522,579
|
|
|
Center Obligated Group Issue, Series 2016A, 5.000%, 7/01/41
|
|
|
|
|
6,375
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth Issue,
|
7/28 at 100.00
|
A+
|
6,929,434
|
|
|
Series 2018A, 5.000%, 7/01/43
|
|
|
|
|
1,050
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical
|
7/21 at 100.00
|
BB
|
1,114,564
|
|
|
Center, Series 2011, 6.750%, 7/01/41
|
|
|
|
|
20,725
|
Total Maine
|
|
|
21,765,307
|
|
|
Maryland – 1.3% (0.8% of Total Investments)
|
|
|
|
|
|
Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017:
|
|
|
|
|
3,260
|
5.000%, 9/01/35
|
9/27 at 100.00
|
BBB–
|
3,534,492
|
|
1,000
|
5.000%, 9/01/39
|
9/27 at 100.00
|
BBB–
|
1,057,700
|
|
1,645
|
5.000%, 9/01/46
|
9/27 at 100.00
|
BBB–
|
1,728,763
|
|
8,610
|
Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2017A, 5.000%, 7/01/41
|
1/27 at 100.00
|
AA–
|
9,468,503
|
|
1,000
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical
|
7/21 at 100.00
|
BBB
|
1,076,440
|
|
|
Center, Series 2011, 6.250%, 7/01/31
|
|
|
|
|
3,500
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of
|
7/22 at 100.00
|
A
|
3,717,280
|
|
|
Maryland Medical System Issue, Series 2013A, 5.000%, 7/01/43
|
|
|
|
|
4,000
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of
|
1/28 at 100.00
|
A
|
3,858,280
|
|
|
Maryland Medical System Issue, Taxable Series 2017D, 4.000%, 7/01/48
|
|
|
|
|
17,000
|
Maryland Stadium Authority, Lease Revenue Bonds, Baltimore City Public Schools Construction &
|
5/28 at 100.00
|
AA
|
18,727,540
|
|
|
Revitalization Program, Series 2018A, 5.000%, 5/01/47
|
|
|
|
|
2,000
|
Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Series 2015,
|
6/25 at 100.00
|
AA–
|
2,171,240
|
|
|
5.000%, 12/01/44
|
|
|
|
|
1,150
|
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King
|
11/24 at 103.00
|
N/R
|
1,195,609
|
|
|
Farm Project, Series 2017A-1, 5.000%, 11/01/37
|
|
|
|
|
2,100
|
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Series 2017B,
|
11/24 at 103.00
|
N/R
|
2,166,003
|
|
|
5.000%, 11/01/42
|
|
|
|
|
45,265
|
Total Maryland
|
|
|
48,701,850
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Massachusetts – 2.8% (1.7% of Total Investments)
|
|
|
|
|
$ 5,500
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds,
|
1/20 at 100.00
|
AA+
|
$ 5,668,135
|
|
|
Commonwealth Contract Assistance Secured, Refunding Series 2010B, 5.000%, 1/01/35
|
|
|
|
|
14,375
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds,
|
1/20 at 100.00
|
A+
|
14,752,487
|
|
|
Refunding Senior Lien Series 2010B, 5.000%, 1/01/37
|
|
|
|
|
1,250
|
Massachusetts Development Finance Agency, Hospital Revenue Bonds, Cape Cod Healthcare
|
11/23 at 100.00
|
A+
|
1,341,825
|
|
|
Obligated Group, Series 2013, 5.250%, 11/15/41
|
|
|
|
|
930
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green
|
7/25 at 100.00
|
BBB
|
972,808
|
|
|
Bonds, Series 2015D, 5.000%, 7/01/44
|
|
|
|
|
12,370
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2016BB-1,
|
10/26 at 100.00
|
Aa3
|
13,561,973
|
|
|
5.000%, 10/01/46
|
|
|
|
|
3,630
|
Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2,
|
7/28 at 100.00
|
A–
|
3,843,734
|
|
|
5.000%, 7/01/53
|
|
|
|
|
1,100
|
Massachusetts Development Finance Agency, Revenue Bonds, Dana-Farber Cancer Institute Issue,
|
12/26 at 100.00
|
A1
|
1,179,992
|
|
|
Series 2016N, 5.000%, 12/01/46
|
|
|
|
|
|
Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2015:
|
|
|
|
|
8,800
|
5.000%, 1/01/45
|
1/25 at 100.00
|
BBB+
|
9,154,112
|
|
2,070
|
4.500%, 1/01/45
|
1/25 at 100.00
|
BBB+
|
2,063,562
|
|
2,700
|
Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E,
|
11/23 at 100.00
|
A+
|
2,898,288
|
|
|
5.000%, 11/01/43
|
|
|
|
|
4,000
|
Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System Issue,
|
1/28 at 100.00
|
AA–
|
4,021,200
|
|
|
Series 2017S-1, 4.000%, 7/01/35
|
|
|
|
|
|
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
|
1,446,557
|
|
1,545
|
5.000%, 9/01/45
|
9/25 at 100.00
|
BBB
|
1,614,849
|
|
3,000
|
Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation,
|
No Opt. Call
|
AA–
|
3,811,170
|
|
|
Series 2002A, 5.750%, 1/01/42 – AMBAC Insured
|
|
|
|
|
4,500
|
Massachusetts Health and Education Facilities Authority, Revenue Bonds, Partners HealthCare
|
7/19 at 100.00
|
AA– (4)
|
4,592,385
|
|
|
System, Series 2010J-1, 5.000%, 7/01/39 (Pre-refunded 7/01/19)
|
|
|
|
|
3,335
|
Massachusetts Health and Education Facilities Authority, Revenue Bonds, Partners HealthCare
|
7/19 at 100.00
|
AA– (4)
|
3,540,403
|
|
|
System, Tender Option Trust 2015-XF0047, 10.360%, 7/01/34, 144A (Pre-refunded 7/01/19) (IF)
|
|
|
|
|
1,800
|
Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Massachusetts Eye
|
7/20 at 100.00
|
N/R (4)
|
1,892,214
|
|
|
and Ear Infirmary, Series 2010C, 5.375%, 7/01/35 (Pre-refunded 7/01/20)
|
|
|
|
|
900
|
Massachusetts Port Authority, Special Facilities Revenue Bonds, ConRac Project, Series 2011A,
|
7/21 at 100.00
|
A
|
948,573
|
|
|
5.125%, 7/01/41
|
|
|
|
|
6,840
|
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior Series
|
5/23 at 100.00
|
AAA
|
7,428,172
|
|
|
2013A, 5.000%, 5/15/43
|
|
|
|
|
7,500
|
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Tender Option
|
8/22 at 100.00
|
Aa2
|
8,948,550
|
|
|
Bond Trust 2016-XF2223, 7.759%, 8/15/24, 144A (IF)
|
|
|
|
|
8,050
|
Metropolitan Boston Transit Parking Corporation, Massachusetts, Systemwide Parking Revenue
|
7/21 at 100.00
|
A+
|
8,477,938
|
|
|
Bonds, Senior Lien Series 2011, 5.000%, 7/01/41
|
|
|
|
|
500
|
Springfield Water and Sewer Commission, Massachusetts, General Revenue Bonds, Refunding Series
|
11/20 at 100.00
|
AA (4)
|
528,850
|
|
|
2010B, 5.000%, 11/15/30 (Pre-refunded 11/15/20) – AGC Insured
|
|
|
|
|
96,075
|
Total Massachusetts
|
|
|
102,687,777
|
|
|
Michigan – 5.1% (3.2% of Total Investments)
|
|
|
|
|
5,335
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
|
7/22 at 100.00
|
A+
|
5,651,312
|
|
|
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
|
|
|
|
|
2,830
|
Detroit, Michigan, Senior Lien Sewerage Disposal System Revenue Bonds, Series 2001B, 5.500%,
|
No Opt. Call
|
A
|
3,208,569
|
|
|
7/01/29 – FGIC Insured
|
|
|
|
|
10,000
|
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2011A, 5.250%, 7/01/41
|
7/21 at 100.00
|
AA–
|
10,595,200
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Michigan (continued)
|
|
|
|
|
$ 3,500
|
Eastern Michigan University, General Revenue Bonds, Series 2018A, 4.000%, 3/01/44 – AGM Insured
|
3/28 at 100.00
|
AA
|
$ 3,401,965
|
|
|
Grand Rapids and Kent County Joint Building Authority, Michigan, Limited Tax General
|
|
|
|
|
|
Obligation Bonds, Devos Place Project, Series 2001:
|
|
|
|
|
7,660
|
0.000%, 12/01/21
|
No Opt. Call
|
AAA
|
7,110,701
|
|
7,955
|
0.000%, 12/01/22
|
No Opt. Call
|
AAA
|
7,182,251
|
|
8,260
|
0.000%, 12/01/23
|
No Opt. Call
|
AAA
|
7,236,834
|
|
8,575
|
0.000%, 12/01/24
|
No Opt. Call
|
AAA
|
7,280,346
|
|
10,000
|
Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Refunding Senior Lien
|
7/26 at 100.00
|
AA–
|
11,092,400
|
|
|
Series 2016C, 5.000%, 7/01/35
|
|
|
|
|
27,960
|
Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Senior Lien Series 2016A,
|
7/26 at 100.00
|
AA–
|
30,540,428
|
|
|
5.000%, 7/01/46
|
|
|
|
|
|
Kalamazoo Hospital Finance Authority, Michigan, Hospital Revenue Refunding Bonds, Bronson
|
|
|
|
|
|
Methodist Hospital, Remarketed Series 2006:
|
|
|
|
|
895
|
5.250%, 5/15/36 – AGM Insured
|
5/20 at 100.00
|
A2
|
925,958
|
|
1,105
|
5.250%, 5/15/36 (Pre-refunded 5/15/20) – AGM Insured
|
5/20 at 100.00
|
A2 (4)
|
1,155,454
|
|
405
|
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
|
7/24 at 100.00
|
AA
|
437,027
|
|
|
Sewerage Department Water Supply System Local Project, Refunding Senior Loan Series 2014D-1,
|
|
|
|
|
|
5.000%, 7/01/37 – AGM Insured
|
|
|
|
|
1,300
|
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
|
7/22 at 100.00
|
A+
|
1,375,166
|
|
|
Sewerage Department Water Supply System Local Project, Series 2014C-1, 5.000%, 7/01/44
|
|
|
|
|
12,520
|
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding
|
12/27 at 100.00
|
AA–
|
12,567,075
|
|
|
Series 2017A, 4.000%, 12/01/36
|
|
|
|
|
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding
|
|
|
|
|
|
Series 2011MI:
|
|
|
|
|
9,965
|
5.000%, 12/01/39
|
12/21 at 100.00
|
AA–
|
10,510,982
|
|
35
|
5.000%, 12/01/39 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
N/R (4)
|
37,838
|
|
3,000
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2015,
|
6/22 at 100.00
|
AA–
|
3,224,370
|
|
|
5.000%, 12/01/31
|
|
|
|
|
9,000
|
Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit Group,
|
11/26 at 100.00
|
AA+
|
8,758,440
|
|
|
Refunding and Project Series 2010F-6, 4.000%, 11/15/47
|
|
|
|
|
1,315
|
Michigan Public Power Agency, AFEC Project Revenue Bonds, Series 2012A, 5.000%, 1/01/43
|
1/22 at 100.00
|
A2
|
1,362,353
|
|
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2015-I:
|
|
|
|
|
17,000
|
5.000%, 4/15/31
|
10/25 at 100.00
|
Aa2
|
19,051,220
|
|
1,615
|
5.000%, 4/15/38
|
10/25 at 100.00
|
Aa2
|
1,779,036
|
|
11,345
|
Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health System,
|
11/19 at 100.00
|
N/R (4)
|
11,774,295
|
|
|
Refunding Series 2009, 5.750%, 11/15/39 (Pre-refunded 11/15/19)
|
|
|
|
|
2,000
|
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series
|
6/22 at 100.00
|
AA–
|
2,111,800
|
|
|
2009C, 5.000%, 12/01/48
|
|
|
|
|
4,575
|
Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds,
|
12/18 at 100.00
|
B2
|
4,584,790
|
|
|
Series 2008A, 6.875%, 6/01/42
|
|
|
|
|
5,780
|
Oakland University, Michigan, General Revenue Bonds, Series 2012, 5.000%, 3/01/42
|
3/22 at 100.00
|
A1
|
6,145,469
|
|
2,500
|
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont
|
8/19 at 100.00
|
A1 (4)
|
2,579,850
|
|
|
Hospital Obligated Group, Refunding Series 2009W, 6.375%, 8/01/29 (Pre-refunded 8/01/19)
|
|
|
|
|
2,200
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County
|
12/25 at 100.00
|
A
|
2,389,508
|
|
|
Airport, Series 2015D, 5.000%, 12/01/45
|
|
|
|
|
5,000
|
Wayne State University, Michigan, General Revenue Bonds, Series 2018A, 5.000%, 11/15/43
|
11/28 at 100.00
|
Aa3
|
5,487,950
|
|
183,630
|
Total Michigan
|
|
|
189,558,587
|
|
|
Minnesota – 1.6% (1.0% of Total Investments)
|
|
|
|
|
285
|
Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory
|
8/26 at 100.00
|
BB+
|
263,089
|
|
|
Academy, Refunding Series 2016A, 4.000%, 8/01/36
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Minnesota (continued)
|
|
|
|
|
$ 4,005
|
City of Milaca, Minnesota Refunding Revenue Bonds, Grandview Christian Home Project, Series
|
10/24 at 102.00
|
N/R
|
$ 4,059,708
|
|
|
2016, 5.000%, 10/01/41
|
|
|
|
|
|
Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds,
|
|
|
|
|
|
Walker Highview Hills LLC Project, Refunding Series 2016A:
|
|
|
|
|
2,130
|
3.500%, 8/01/25, 144A
|
8/22 at 100.00
|
N/R
|
2,040,668
|
|
1,000
|
5.000%, 8/01/46, 144A
|
8/22 at 100.00
|
N/R
|
995,460
|
|
4,210
|
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds,
|
2/28 at 100.00
|
A–
|
4,403,871
|
|
|
Essentia Health Obligated Group,Series 2018A, 5.000%, 2/15/53 (WI/DD, Settling 11/01/18)
|
|
|
|
|
9,840
|
Independent School District 621, Mounds View, Minnesota, General Obligation Bonds, School
|
2/27 at 100.00
|
AAA
|
9,956,899
|
|
|
Building Series 2018A, 4.000%, 2/01/41
|
|
|
|
|
5,600
|
Itasca County Independent School District 318, Minnesota, General Obligation Bonds, Series
|
2/27 at 100.00
|
AAA
|
5,710,208
|
|
|
2018A, 4.000%, 2/01/37
|
|
|
|
|
680
|
Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series
|
11/28 at 100.00
|
A+
|
727,042
|
|
|
2018A, 5.000%, 11/15/49
|
|
|
|
|
|
Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,
|
|
|
|
|
|
Senior Lien Series 2016C:
|
|
|
|
|
3,500
|
5.000%, 1/01/41
|
1/27 at 100.00
|
AA–
|
3,872,470
|
|
5,000
|
5.000%, 1/01/46
|
1/27 at 100.00
|
AA–
|
5,513,400
|
|
2,855
|
Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding Series 2017A, 5.000%, 12/01/47
|
12/26 at 100.00
|
Aa3
|
3,143,526
|
|
4,230
|
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds,
|
9/24 at 102.00
|
BBB–
|
3,904,332
|
|
|
Nova Classical Academy, Series 2016A, 4.125%, 9/01/47
|
|
|
|
|
3,000
|
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Facility Revenue Bonds,
|
7/25 at 100.00
|
A+
|
3,331,140
|
|
|
HealthPartners Obligated Group, Refunding Series 2015A, 5.000%, 7/01/30
|
|
|
|
|
595
|
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds, Fairview
|
11/27 at 100.00
|
A+
|
596,339
|
|
|
Health Services, Series 2017A, 4.000%, 11/15/35
|
|
|
|
|
850
|
Sartell, Minnesota, Health Care Facilities Revenue Bonds, Country Manor Campus LLC Project,
|
9/27 at 100.00
|
N/R
|
903,559
|
|
|
Refunding Series 2017, 5.000%, 9/01/42
|
|
|
|
|
|
St. Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, HealthEast
|
|
|
|
|
|
Inc., Series 2015A:
|
|
|
|
|
550
|
5.250%, 11/15/35 (Pre-refunded 11/15/20)
|
11/20 at 100.00
|
N/R (4)
|
583,330
|
|
3,595
|
5.000%, 11/15/40 (Pre-refunded 11/15/25)
|
11/25 at 100.00
|
N/R (4)
|
4,131,518
|
|
5,315
|
5.000%, 11/15/44 (Pre-refunded 11/15/25)
|
11/25 at 100.00
|
N/R (4)
|
6,108,211
|
|
57,240
|
Total Minnesota
|
|
|
60,244,770
|
|
|
Mississippi – 0.6% (0.4% of Total Investments)
|
|
|
|
|
13,390
|
Medical Center Educational Building Corporation, Mississippi, Revenue Bonds, University of
|
6/27 at 100.00
|
Aa2
|
12,881,716
|
|
|
Mississippi Medical Center New Facilities & Refinancing Project, Series 2017A, 4.000%, 6/01/47
|
|
|
|
|
9,705
|
Mississippi Business Finance Corporation, Pollution Control Revenue Refunding Bonds, System
|
4/19 at 100.00
|
BBB+
|
9,724,895
|
|
|
Energy Resources Inc. Project, Series 1998, 5.875%, 4/01/22
|
|
|
|
|
23,095
|
Total Mississippi
|
|
|
22,606,611
|
|
|
Missouri – 3.4% (2.1% of Total Investments)
|
|
|
|
|
2,585
|
Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales
|
10/22 at 100.00
|
AA+
|
2,803,355
|
|
|
Tax Appropriation Bonds, Refunding Combined Lien Series 2013A, 5.000%, 10/01/44
|
|
|
|
|
|
Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding Series 2016:
|
|
|
|
|
2,470
|
4.000%, 8/01/33
|
8/26 at 100.00
|
A–
|
2,322,541
|
|
4,590
|
5.000%, 8/01/35
|
8/26 at 100.00
|
A–
|
4,660,365
|
|
640
|
4.000%, 8/01/38
|
8/26 at 100.00
|
A–
|
578,138
|
|
|
Hannibal Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Hannibal
|
|
|
|
|
|
Regional Healthcare System, Series 2017:
|
|
|
|
|
2,860
|
5.000%, 10/01/42
|
10/27 at 100.00
|
BBB+
|
3,046,072
|
|
1,000
|
5.000%, 10/01/47
|
10/27 at 100.00
|
BBB+
|
1,060,460
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Missouri (continued)
|
|
|
|
|
|
Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds,
|
|
|
|
|
|
Series 2004B-1:
|
|
|
|
|
$ 8,150
|
0.000%, 4/15/27 – AMBAC Insured
|
No Opt. Call
|
AA–
|
$ 6,058,139
|
|
5,000
|
0.000%, 4/15/31 – AMBAC Insured
|
No Opt. Call
|
AA–
|
3,117,400
|
|
|
Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Improvement Series 2018A:
|
|
|
|
|
2,475
|
4.000%, 1/01/38
|
1/28 at 100.00
|
AA
|
2,514,823
|
|
4,470
|
4.000%, 1/01/42
|
1/28 at 100.00
|
AA
|
4,514,298
|
|
315
|
Missouri Development Finance Board, Infrastructure Facilities Revenue Bonds, Branson Landing
|
No Opt. Call
|
A
|
324,179
|
|
|
Project, Series 2005A, 6.000%, 6/01/20
|
|
|
|
|
1,350
|
Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds, Saint
|
5/26 at 100.00
|
A+
|
1,465,412
|
|
|
Luke’s Health System, Inc., Series 2016, 5.000%, 11/15/35
|
|
|
|
|
1,400
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds,
|
6/27 at 100.00
|
A1
|
1,514,534
|
|
|
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 Bonds,
|
5/23 at 100.00
|
BBB+
|
12,612,415
|
|
|
Saint Louis College of Pharmacy, Series 2013, 5.500%, 5/01/43
|
|
|
|
|
8,665
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC
|
1/25 at 100.00
|
AA
|
8,622,801
|
|
|
Health System, Series 2015A, 4.000%, 1/01/45
|
|
|
|
|
14,000
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC
|
1/28 at 100.00
|
AA
|
13,762,420
|
|
|
Health System, Series 2018, 4.000%, 1/01/58 (UB) (5)
|
|
|
|
|
1,500
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC
|
7/26 at 100.00
|
AA
|
1,470,675
|
|
|
Health System, Variable Rate Demand Obligation Series 2013C, 4.000%, 1/01/50
|
|
|
|
|
|
(Mandatory put 1/01/46)
|
|
|
|
|
17,300
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
11/23 at 100.00
|
A2
|
18,178,321
|
|
|
CoxHealth, Series 2013A, 5.000%, 11/15/48
|
|
|
|
|
2,220
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy
|
11/27 at 100.00
|
AA–
|
2,418,557
|
|
|
Health, Series 2017C, 5.000%, 11/15/42
|
|
|
|
|
3,000
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, SSM
|
6/24 at 100.00
|
AA–
|
3,014,850
|
|
|
Health Care, Series 2014A, 4.000%, 6/01/33
|
|
|
|
|
10,000
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Children’s Mercy
|
5/25 at 102.00
|
A+
|
9,805,400
|
|
|
Hospital, Series 2017A, 4.000%, 5/15/42
|
|
|
|
|
4,155
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services
|
2/24 at 100.00
|
BBB
|
4,357,681
|
|
|
Projects, Series 2014A, 5.000%, 2/01/35
|
|
|
|
|
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services
|
|
|
|
|
|
Projects, Series 2016A:
|
|
|
|
|
1,900
|
5.000%, 2/01/36
|
2/26 at 100.00
|
N/R
|
2,007,388
|
|
2,550
|
5.000%, 2/01/46
|
2/26 at 100.00
|
N/R
|
2,672,910
|
|
7,085
|
Missouri Joint Municipal Electric Utility Commission, Prairie State Power Project Revenue
|
6/26 at 100.00
|
A2
|
7,846,708
|
|
|
Bonds, Refunding Series 2016A, 5.000%, 12/01/34
|
|
|
|
|
|
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+
|
1,729,203
|
|
2,535
|
5.000%, 12/01/32
|
12/25 at 100.00
|
AA+
|
2,844,169
|
|
220
|
St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village
|
9/23 at 100.00
|
BB+
|
236,144
|
|
|
of Sunset Hills, Series 2013A, 5.875%, 9/01/43
|
|
|
|
|
126,095
|
Total Missouri
|
|
|
125,559,358
|
|
|
Montana – 0.4% (0.2% of Total Investments)
|
|
|
|
|
1,475
|
Kalispell, Montana, Housing and Healthcare Facilities Revenue Bonds, Immanuel Lutheran
|
5/25 at 102.00
|
N/R
|
1,505,474
|
|
|
Corporation, Series 2017A, 5.250%, 5/15/47
|
|
|
|
|
3,310
|
Montana Facilities Finance Authority, Montana, Health Facilities Revenue Bonds, Bozeman
|
6/28 at 100.00
|
A
|
3,582,148
|
|
|
Deaconess Health Services Obligated Group, Series 2018, 5.000%, 6/01/48
|
|
|
|
|
4,965
|
Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell Regional
|
7/28 at 100.00
|
BBB
|
5,213,151
|
|
|
Medical Center, Series 2018B, 5.000%, 7/01/48
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Montana (continued)
|
|
|
|
|
$ 2,580
|
Montana Facility Finance Authority, Hospital Revenue Bonds, Benefis Health System Obligated
|
2/27 at 100.00
|
N/R
|
$ 2,765,941
|
|
|
Group, Refunding Series 2016, 5.000%, 2/15/41
|
|
|
|
|
1,825
|
Montana Facility Finance Authority, Revenue Bonds, Billings Clinic Obligated Group, Series
|
8/28 at 100.00
|
AA–
|
2,004,051
|
|
|
2018A, 5.000%, 8/15/48
|
|
|
|
|
14,155
|
Total Montana
|
|
|
15,070,765
|
|
|
Nebraska – 1.1% (0.7% of Total Investments)
|
|
|
|
|
2,620
|
Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012,
|
9/22 at 100.00
|
A
|
2,817,024
|
|
|
5.000%, 9/01/42
|
|
|
|
|
3,000
|
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children’s
|
5/27 at 100.00
|
AA–
|
3,217,350
|
|
|
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:
|
|
|
|
|
700
|
5.000%, 11/01/45
|
11/25 at 100.00
|
A
|
748,524
|
|
1,400
|
5.000%, 11/01/48
|
11/25 at 100.00
|
A
|
1,491,742
|
|
2,280
|
Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds, Great
|
11/21 at 100.00
|
A–
|
2,378,496
|
|
|
Plains Regional Medical Center Project, Series 2012, 5.000%, 11/01/42
|
|
|
|
|
4,000
|
Lincoln, Nebraska, Electric System Revenue Bonds, Refunding Series 2012, 5.000%, 9/01/37
|
9/22 at 100.00
|
AA
|
4,326,440
|
|
|
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
|
2,332,234
|
|
2,000
|
5.000%, 7/01/30
|
7/27 at 100.00
|
BBB
|
2,158,800
|
|
|
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
|
1,056,140
|
|
820
|
5.000%, 7/01/33
|
7/25 at 100.00
|
BBB
|
864,075
|
|
2,000
|
5.000%, 7/01/34
|
7/25 at 100.00
|
BBB
|
2,102,740
|
|
5,110
|
Municipal Energy Agency of Nebraska, Power Supply System Revenue Bonds, Refunding Series
|
10/26 at 100.00
|
A
|
5,602,400
|
|
|
2016A, 5.000%, 4/01/38
|
|
|
|
|
10,000
|
Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2012A, 5.000%,
|
2/22 at 100.00
|
AA (4)
|
10,866,000
|
|
|
2/01/42 (Pre-refunded 2/01/22)
|
|
|
|
|
37,080
|
Total Nebraska
|
|
|
39,961,965
|
|
|
Nevada – 5.7% (3.5% of Total Investments)
|
|
|
|
|
6,030
|
Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series
|
9/27 at 100.00
|
BBB+
|
6,373,409
|
|
|
2017A, 5.000%, 9/01/47
|
|
|
|
|
2,000
|
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2009C, 5.000%, 7/01/26 –
|
7/19 at 100.00
|
AA
|
2,038,780
|
|
|
AGM Insured
|
|
|
|
|
27,000
|
Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B, 5.750%, 7/01/42
|
1/20 at 100.00
|
Aa3
|
28,075,410
|
|
|
Clark County, Nevada, General Obligation Bonds, Limited Tax Bond Bank Additionally Secured by
|
|
|
|
|
|
Pledged Revenues, Refunding Series 2009:
|
|
|
|
|
3,520
|
5.000%, 6/01/27
|
6/19 at 100.00
|
AA+
|
3,577,306
|
|
3,695
|
5.000%, 6/01/28
|
6/19 at 100.00
|
AA+
|
3,754,490
|
|
3,880
|
5.000%, 6/01/29
|
6/19 at 100.00
|
AA+
|
3,941,808
|
|
17,525
|
Clark County, Nevada, General Obligation Bonds, Stadium Improvement, Limited Tax Additionally
|
6/28 at 100.00
|
AA+
|
19,452,750
|
|
|
Secured by Pledged Revenues, Series 2018A, 5.000%, 5/01/48
|
|
|
|
|
|
Clark County, Nevada, General Obligation Bonds, Transportation, Refunding Series 2010B:
|
|
|
|
|
4,915
|
5.000%, 7/01/25
|
1/20 at 100.00
|
AA+
|
5,075,573
|
|
4,160
|
5.000%, 7/01/26
|
1/20 at 100.00
|
AA+
|
4,295,907
|
|
|
Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran
|
|
|
|
|
|
International Airport, Series 2010A:
|
|
|
|
|
12,265
|
5.250%, 7/01/39 – AGM Insured
|
1/20 at 100.00
|
AA
|
12,662,018
|
|
35,860
|
5.250%, 7/01/42
|
1/20 at 100.00
|
Aa3
|
37,008,237
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Nevada (continued)
|
|
|
|
|
$ 365
|
Director of the State of Nevada Department of Business and Industry, Charter School Lease
|
12/25 at 100.00
|
BB
|
$ 366,062
|
|
|
Revenue Bonds, Somerset Academy, Series 2018A, 5.000%, 12/15/38, 144A
|
|
|
|
|
|
Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada,
|
|
|
|
|
|
Refunding Series 2016:
|
|
|
|
|
2,300
|
4.000%, 9/01/26
|
No Opt. Call
|
N/R
|
2,319,941
|
|
1,525
|
4.000%, 9/01/27
|
9/26 at 100.00
|
N/R
|
1,519,312
|
|
2,660
|
4.000%, 9/01/29
|
9/26 at 100.00
|
N/R
|
2,607,146
|
|
2,920
|
4.000%, 9/01/30
|
9/26 at 100.00
|
N/R
|
2,839,291
|
|
10,000
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C,
|
6/21 at 100.00
|
AA+
|
10,589,900
|
|
|
5.000%, 6/01/38
|
|
|
|
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2015:
|
|
|
|
|
5,000
|
5.000%, 6/01/32
|
12/24 at 100.00
|
AA+
|
5,590,250
|
|
10,000
|
5.000%, 6/01/33
|
12/24 at 100.00
|
AA+
|
11,150,900
|
|
7,170
|
5.000%, 6/01/39
|
12/24 at 100.00
|
AA+
|
7,852,942
|
|
11,915
|
5.000%, 6/01/39 (UB)
|
12/24 at 100.00
|
AA+
|
13,049,904
|
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Tender Option
|
|
|
|
|
|
Bond Trust 2015-XF0233:
|
|
|
|
|
1,000
|
13.323%, 12/01/22, 144A (IF)
|
No Opt. Call
|
AA+
|
1,380,990
|
|
1,250
|
13.323%, 6/01/39, 144A (IF)
|
12/24 at 100.00
|
AA+
|
1,726,238
|
|
1,250
|
13.323%, 6/01/39, 144A (IF)
|
12/24 at 100.00
|
AA+
|
1,726,238
|
|
2,500
|
13.323%, 6/01/39, 144A (IF)
|
12/24 at 100.00
|
AA+
|
3,452,475
|
|
3,995
|
13.316%, 12/01/22, 144A (IF)
|
No Opt. Call
|
AA+
|
5,516,096
|
|
4,100
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B,
|
6/22 at 100.00
|
AA+
|
4,396,512
|
|
|
5.000%, 6/01/42
|
|
|
|
|
3,760
|
Reno, Nevada, Capital Improvement Revenue Bonds, Series 2005B, 0.000%, 6/01/37 – FGIC Insured
|
6/24 at 49.90
|
BBB+
|
1,480,688
|
|
|
Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors Authority,
|
|
|
|
|
|
Refunding Series 2011:
|
|
|
|
|
8,145
|
5.000%, 7/01/32
|
7/21 at 100.00
|
AA
|
8,685,909
|
|
395
|
5.000%, 7/01/32 (Pre-refunded 7/01/21)
|
7/21 at 100.00
|
N/R (4)
|
423,136
|
|
201,100
|
Total Nevada
|
|
|
212,929,618
|
|
|
New Hampshire – 0.4% (0.2% of Total Investments)
|
|
|
|
|
8,000
|
New Hampshire Business Finance Authority,Revenue Bonds, Elliot Hospital Obligated Group Issue,
|
10/19 at 100.00
|
Baa1 (4)
|
8,297,920
|
|
|
Series 2009A, 6.125%, 10/01/39 (Pre-refunded 10/01/19)
|
|
|
|
|
1,500
|
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Concord Hospital,
|
10/27 at 100.00
|
A+
|
1,605,675
|
|
|
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
|
1,214,815
|
|
1,435
|
5.000%, 8/01/37
|
2/28 at 100.00
|
A
|
1,557,635
|
|
12,050
|
Total New Hampshire
|
|
|
12,676,045
|
|
|
New Jersey – 6.5% (4.0% of Total Investments)
|
|
|
|
|
20,890
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding
|
12/26 at 100.00
|
A–
|
23,058,382
|
|
|
Series 2016BBB, 5.500%, 6/15/30
|
|
|
|
|
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2014UU:
|
|
|
|
|
5,515
|
5.000%, 6/15/30
|
6/24 at 100.00
|
A–
|
5,809,722
|
|
5,000
|
5.000%, 6/15/40
|
6/24 at 100.00
|
A–
|
5,147,700
|
|
1,005
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
|
6/27 at 100.00
|
A–
|
1,039,070
|
|
|
2017DDD, 5.000%, 6/15/42
|
|
|
|
|
6,975
|
New Jersey Economic Development Authority, School Facilities Construction Financing Program
|
3/21 at 100.00
|
A–
|
7,273,669
|
|
|
Bonds, Refunding Series 2011GG, 5.000%, 9/01/24
|
|
|
|
|
10,600
|
New Jersey Economic Development Authority, Sublease Revenue Bonds, New Jersey Transit
|
No Opt. Call
|
A–
|
11,579,228
|
|
|
Corporation Projects, Refunding Series 2017B, 5.000%, 11/01/25
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New Jersey (continued)
|
|
|
|
|
$ 6,000
|
New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University,
|
6/27 at 100.00
|
AA
|
$ 6,387,060
|
|
|
Refunding Series 2017, 5.000%, 6/01/42 – AGM Insured
|
|
|
|
|
2,020
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters
|
1/19 at 100.00
|
BB+
|
2,024,464
|
|
|
University Hospital, Series 2007, 5.750%, 7/01/37
|
|
|
|
|
2,500
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hackensack Meridian
|
7/27 at 100.00
|
AA–
|
2,782,025
|
|
|
Health Obligated Group, Refunding Series 2017A, 5.000%, 7/01/37
|
|
|
|
|
720
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Robert Wood Johnson
|
7/23 at 100.00
|
A+
|
790,855
|
|
|
University Hospital, Series 2013A, 5.500%, 7/01/43
|
|
|
|
|
10,970
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health
|
7/26 at 100.00
|
A+
|
12,028,605
|
|
|
Obligated Group, Refunding Series 2016A, 5.000%, 7/01/43
|
|
|
|
|
695
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital
|
7/25 at 100.00
|
AA
|
744,081
|
|
|
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
|
A+
|
3,353,536
|
|
7,795
|
5.000%, 6/15/29
|
6/26 at 100.00
|
A+
|
8,521,728
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital
|
|
|
|
|
|
Appreciation Series 2010A:
|
|
|
|
|
5,000
|
0.000%, 12/15/26
|
No Opt. Call
|
A–
|
3,567,800
|
|
16,495
|
0.000%, 12/15/33
|
No Opt. Call
|
A–
|
8,075,622
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding
|
|
|
|
|
|
Series 2006C:
|
|
|
|
|
1,815
|
0.000%, 12/15/26 – AMBAC Insured
|
No Opt. Call
|
AA+
|
1,388,094
|
|
10,000
|
0.000%, 12/15/30 – FGIC Insured
|
No Opt. Call
|
A–
|
5,880,000
|
|
38,000
|
0.000%, 12/15/33 – AGM Insured
|
No Opt. Call
|
AA
|
19,707,940
|
|
45,000
|
0.000%, 12/15/35 – AMBAC Insured
|
No Opt. Call
|
A–
|
20,044,800
|
|
10,000
|
0.000%, 12/15/36 – AMBAC Insured
|
No Opt. Call
|
A–
|
4,204,000
|
|
4,500
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2001C,
|
No Opt. Call
|
AA
|
4,518,045
|
|
|
5.500%, 12/15/18 – AGM Insured
|
|
|
|
|
10,500
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2007A,
|
11/18 at 100.00
|
AA (4)
|
10,515,855
|
|
|
5.000%, 12/15/34 (Pre-refunded 11/19/18) – AMBAC Insured
|
|
|
|
|
5,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2010D,
|
No Opt. Call
|
A–
|
5,446,350
|
|
|
5.000%, 12/15/23
|
|
|
|
|
2,310
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B,
|
6/21 at 100.00
|
A–
|
2,431,691
|
|
|
5.500%, 6/15/31
|
|
|
|
|
1,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012A,
|
6/22 at 100.00
|
A–
|
1,022,510
|
|
|
5.000%, 6/15/42
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2013AA:
|
|
|
|
|
5,500
|
5.000%, 6/15/29
|
6/23 at 100.00
|
A–
|
5,796,065
|
|
7,500
|
5.500%, 6/15/39
|
6/23 at 100.00
|
A–
|
7,963,350
|
|
14,000
|
New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2005D-1, 5.250%, 1/01/26 –
|
No Opt. Call
|
AA
|
16,248,400
|
|
|
AGM Insured
|
|
|
|
|
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2009H:
|
|
|
|
|
1,750
|
5.000%, 1/01/36 (Pre-refunded 1/01/19)
|
1/19 at 100.00
|
N/R (4)
|
1,759,118
|
|
3,250
|
5.000%, 1/01/36 (Pre-refunded 1/01/19)
|
1/19 at 100.00
|
A+ (4)
|
3,266,933
|
|
1,160
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2017B, 4.000%, 1/01/34
|
1/28 at 100.00
|
A+
|
1,185,880
|
|
|
New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Trust 2016-XF1057:
|
|
|
|
|
505
|
12.523%, 1/01/43, 144A (IF) (5)
|
7/22 at 100.00
|
A2
|
682,502
|
|
810
|
12.523%, 1/01/43, 144A (Pre-refunded 7/01/22) (IF) (5)
|
7/22 at 100.00
|
N/R (4)
|
1,094,707
|
|
1,500
|
New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2017G, 4.000%, 1/01/33
|
1/28 at 100.00
|
A+
|
1,542,885
|
|
3,000
|
Rahway Valley Sewerage Authority, New Jersey, Sewer Revenue Bonds, Series 2005A, 0.000%,
|
No Opt. Call
|
Aa2
|
2,449,530
|
|
|
9/01/25 – NPFG Insured
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New Jersey (continued)
|
|
|
|
|
|
Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L:
|
|
|
|
|
$ 2,000
|
5.000%, 5/01/38
|
5/23 at 100.00
|
Aa3
|
$ 2,181,180
|
|
910
|
5.000%, 5/01/43
|
5/23 at 100.00
|
Aa3
|
991,236
|
|
15,235
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/28 at 100.00
|
BBB+
|
16,140,111
|
|
|
Series 2018A, 5.250%, 6/01/46
|
|
|
|
|
2,615
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
|
6/28 at 100.00
|
BBB
|
2,654,696
|
|
|
Series 2018B, 5.000%, 6/01/46
|
|
|
|
|
293,090
|
Total New Jersey
|
|
|
241,299,425
|
|
|
New York – 6.3% (3.9% of Total Investments)
|
|
|
|
|
7,000
|
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
|
No Opt. Call
|
BBB–
|
1,921,780
|
|
|
Bonds, Barclays Center Project, Series 2009, 0.000%, 7/15/45
|
|
|
|
|
3,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series
|
4/21 at 100.00
|
AAA
|
3,171,660
|
|
|
2011A, 5.000%, 10/01/41
|
|
|
|
|
7,435
|
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series
|
7/20 at 100.00
|
AA (4)
|
7,853,516
|
|
|
2010, 5.500%, 7/01/43 (Pre-refunded 7/01/20) – AGM Insured
|
|
|
|
|
12,830
|
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series
|
7/25 at 100.00
|
A–
|
13,798,665
|
|
|
2015A, 5.000%, 7/01/50
|
|
|
|
|
3,200
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
|
7/22 at 100.00
|
Aa2
|
3,449,184
|
|
|
2012A, 5.000%, 7/01/42
|
|
|
|
|
4,000
|
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series
|
7/23 at 100.00
|
Aa2
|
4,360,160
|
|
|
2013A, 5.000%, 7/01/43
|
|
|
|
|
1,000
|
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical
|
6/27 at 100.00
|
BBB–
|
1,082,570
|
|
|
Center Obligated Group, Series 2017, 5.000%, 12/01/33, 144A
|
|
|
|
|
14,075
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds,
|
2/25 at 100.00
|
AAA
|
15,397,628
|
|
|
General Purpose Series 2015B Group C, 5.000%, 2/15/36
|
|
|
|
|
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012
|
|
|
|
|
|
Series 2011A:
|
|
|
|
|
1,295
|
5.750%, 2/15/47
|
2/21 at 100.00
|
AA–
|
1,386,401
|
|
9,670
|
5.250%, 2/15/47
|
2/21 at 100.00
|
AA–
|
10,241,400
|
|
2,105
|
5.750%, 2/15/47 (Pre-refunded 2/15/21)
|
2/21 at 100.00
|
Aa3 (4)
|
2,277,505
|
|
445
|
5.250%, 2/15/47 (Pre-refunded 2/15/21)
|
2/21 at 100.00
|
Aa3 (4)
|
476,528
|
|
10,000
|
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series
|
No Opt. Call
|
A
|
11,879,800
|
|
|
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
|
AA
|
1,053,067
|
|
780
|
5.000%, 9/01/44
|
9/24 at 100.00
|
A–
|
849,771
|
|
5,000
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2018,
|
9/28 at 100.00
|
A–
|
5,570,600
|
|
|
5.000%, 9/01/37
|
|
|
|
|
7,240
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 5.000%,
|
5/21 at 100.00
|
A– (4)
|
7,751,868
|
|
|
5/01/38 (Pre-refunded 5/01/21)
|
|
|
|
|
15,100
|
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A,
|
9/22 at 100.00
|
A–
|
16,184,482
|
|
|
5.000%, 9/01/42
|
|
|
|
|
3,500
|
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue
|
2/21 at 100.00
|
AA
|
3,783,570
|
|
|
Bonds, Unity Hospital of Rochester Project, Series 2010, 5.750%, 8/15/30
|
|
|
|
|
1,000
|
Monroe County Industrial Development Corporation, New York, Revenue Bonds,University of
|
7/23 at 100.00
|
AA– (4)
|
1,123,440
|
|
|
Rochester Project, Series 2013A, 5.000%, 7/01/43 (Pre-refunded 7/01/23)
|
|
|
|
|
2,100
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
|
12/20 at 100.00
|
AA+
|
2,229,633
|
|
|
Bonds, Second Generation Resolution, Fiscal 2011 Series EE, 5.375%, 6/15/43
|
|
|
|
|
7,225
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second
|
6/23 at 100.00
|
AA+
|
7,753,436
|
|
|
General Resolution Revenue Bonds, Fiscal 2014 Series BB, 5.000%, 6/15/46
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
New York (continued)
|
|
|
|
|
$ 5,000
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second
|
6/27 at 100.00
|
AA+
|
$ 5,577,350
|
|
|
General Resolution Revenue Bonds, Fiscal 2017 Series EE, 5.000%, 6/15/37
|
|
|
|
|
3,500
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
|
7/27 at 100.00
|
AA
|
3,530,625
|
|
|
2018, Series 2017S-1, 4.000%, 7/15/36
|
|
|
|
|
5,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
|
5/23 at 100.00
|
AAA
|
5,419,950
|
|
|
Fiscal 2013 Series I, 5.000%, 5/01/38
|
|
|
|
|
5,000
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
|
5/28 at 100.00
|
AAA
|
5,563,100
|
|
|
Fiscal 2018 Series C-3, 5.000%, 5/01/41
|
|
|
|
|
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
|
2,274,281
|
|
10
|
New York City, New York, General Obligation Bonds, Fiscal Series 1996J, 5.500%, 2/15/26
|
1/19 at 100.00
|
AA
|
10,031
|
|
5
|
New York City, New York, General Obligation Bonds, Fiscal Series 1997H, 6.125%, 8/01/25
|
1/19 at 100.00
|
AA
|
5,018
|
|
23,920
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
|
11/24 at 100.00
|
N/R
|
24,532,830
|
|
|
Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A
|
|
|
|
|
6,385
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
|
11/21 at 100.00
|
A+
|
6,964,566
|
|
|
Center Project, Series 2011, 5.750%, 11/15/51
|
|
|
|
|
4,045
|
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water
|
6/22 at 100.00
|
AAA
|
5,133,105
|
|
|
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects,
|
|
|
|
|
|
Tender Option Bond Trust 2016-XL0002, 10.612%, 6/15/26, 144A (IF) (5)
|
|
|
|
|
8,000
|
New York State Thruway Authority, General Revenue Junior Indebtedness Obligations, Series
|
1/26 at 100.00
|
A–
|
8,586,320
|
|
|
2016A, 5.000%, 1/01/51, (UB) (5)
|
|
|
|
|
2,105
|
Onondaga Civic Development Corporation, New York, Revenue Bonds, Saint Joseph’s Hospital
|
7/22 at 100.00
|
N/R (4)
|
2,311,332
|
|
|
Health Center Project, Series 2012, 5.000%, 7/01/42 (Pre-refunded 7/01/22)
|
|
|
|
|
3,925
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy
|
12/23 at 100.00
|
AA–
|
4,335,123
|
|
|
Ninth Series 2013, 5.000%, 12/01/38
|
|
|
|
|
|
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
|
|
|
|
|
|
Terminal LLC Project, Eighth Series 2010:
|
|
|
|
|
8,550
|
5.500%, 12/01/31
|
12/20 at 100.00
|
Baa1
|
9,093,609
|
|
3,710
|
6.000%, 12/01/42
|
12/20 at 100.00
|
Baa1
|
3,974,708
|
|
9,950
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding
|
No Opt. Call
|
AA–
|
11,032,361
|
|
|
Bonds, Tender Option Bond Trust 2016-XL0003, 5.794%, 11/15/21, 144A (IF) (5)
|
|
|
|
|
5,000
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding
|
5/25 at 100.00
|
AA–
|
5,468,350
|
|
|
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+
|
6,515,438
|
|
1,105
|
0.000%, 11/15/32
|
No Opt. Call
|
A+
|
639,917
|
|
227,040
|
Total New York
|
|
|
234,564,678
|
|
|
North Carolina – 1.1% (0.7% of Total Investments)
|
|
|
|
|
3,555
|
Charlotte, North Carolina, Water and Sewer System Refunding Bonds, Tender Option Bond Trust
|
7/20 at 100.00
|
AAA
|
4,030,872
|
|
|
2016-XL0012, 10.562%, 7/01/38, 144A (IF) (5)
|
|
|
|
|
1,000
|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA
|
1/21 at 100.00
|
AA–
|
1,056,560
|
|
|
Carolinas HealthCare System, Series 2011A, 5.250%, 1/15/42
|
|
|
|
|
3,440
|
New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical
|
10/27 at 100.00
|
A+
|
3,719,810
|
|
|
Center, Series 2017, 5.000%, 10/01/47
|
|
|
|
|
9,485
|
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University Project,
|
10/25 at 100.00
|
AA+
|
10,449,625
|
|
|
Series 2015B, 5.000%, 10/01/55, (UB) (5)
|
|
|
|
|
2,720
|
North Carolina Medical Care Commission,Retirement Facilities First Mortgage Revenue Bonds,
|
10/24 at 102.00
|
N/R
|
2,800,485
|
|
|
Southminster Project, Refunding Series 2016, 5.000%, 10/01/37
|
|
|
|
|
3,560
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University
|
6/19 at 100.00
|
Aa2 (4)
|
3,624,614
|
|
|
Health System, Series 2009A, 5.000%, 6/01/42 (Pre-refunded 6/01/19)
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
North Carolina (continued)
|
|
|
|
|
$ 5,000
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University
|
6/22 at 100.00
|
AA
|
$ 5,363,350
|
|
|
Health System, Series 2012A, 5.000%, 6/01/42
|
|
|
|
|
1,455
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health,
|
6/22 at 100.00
|
A+
|
1,542,402
|
|
|
Refunding Series 2012A, 5.000%, 6/01/36
|
|
|
|
|
|
North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, WakeMed,
|
|
|
|
|
|
Refunding Series 2012A:
|
|
|
|
|
3,300
|
5.000%, 10/01/31
|
10/22 at 100.00
|
A+
|
3,568,554
|
|
1,500
|
5.000%, 10/01/38
|
10/22 at 100.00
|
A+
|
1,616,295
|
|
1,900
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Series 2009A,
|
1/19 at 100.00
|
AA (4)
|
1,912,084
|
|
|
5.750%, 1/01/39 (Pre-refunded 1/01/19) – AGC Insured
|
|
|
|
|
36,915
|
Total North Carolina
|
|
|
39,684,651
|
|
|
North Dakota – 0.9% (0.5% of Total Investments)
|
|
|
|
|
5,080
|
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center
|
7/22 at 100.00
|
N/R (4)
|
5,450,027
|
|
|
Project, Refunding Series 2012A, 4.500%, 7/01/32 (Pre-refunded 7/01/22)
|
|
|
|
|
|
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011:
|
|
|
|
|
1,500
|
6.000%, 11/01/28
|
11/21 at 100.00
|
A+
|
1,664,460
|
|
3,910
|
6.250%, 11/01/31
|
11/21 at 100.00
|
A+
|
4,358,438
|
|
1,015
|
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated
|
12/21 at 100.00
|
A–
|
1,053,357
|
|
|
Group, Series 2012, 5.000%, 12/01/35
|
|
|
|
|
4,635
|
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated
|
12/27 at 100.00
|
A–
|
4,934,004
|
|
|
Group, Series 2017A, 5.000%, 12/01/42
|
|
|
|
|
900
|
Grand Forks, North Dakota, Senior Housing & Nursing Facilities Revenue Bonds, Valley Homes and
|
12/26 at 100.00
|
N/R
|
875,943
|
|
|
Services Obligated Group, Series 2017, 5.000%, 12/01/36
|
|
|
|
|
500
|
Grand Forks, North Dakota, Senior Housing and Nursing Facilities Revenue Bonds, Valley Homes
|
No Opt. Call
|
N/R
|
522,120
|
|
|
Obligated Group, Series 2016A, 5.125%, 12/01/24
|
|
|
|
|
12,565
|
Ward County Health Care, North Dakota, Revenue Bonds, Trinity Obligated Group, Series 2017C,
|
6/28 at 100.00
|
BBB–
|
12,881,889
|
|
|
5.000%, 6/01/48
|
|
|
|
|
1,420
|
Williston, North Dakota, Multifamily Housing Revenue Bonds, Eagle Crest Apartments LLC
|
9/23 at 100.00
|
N/R
|
568,000
|
|
|
Project, Series 2013, 7.750%, 9/01/38 (7)
|
|
|
|
|
31,525
|
Total North Dakota
|
|
|
32,308,238
|
|
|
Ohio – 10.1% (6.2% 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
|
A–
|
3,232,215
|
|
8,255
|
5.250%, 11/15/46
|
11/26 at 100.00
|
A–
|
8,800,325
|
|
320
|
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Revenue Bonds,
|
5/22 at 100.00
|
AA–
|
337,139
|
|
|
Children’s Hospital Medical Center, Improvement & Refunding Series 2012, 5.000%, 11/15/42
|
|
|
|
|
|
Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Health Partners, Refunding and
|
|
|
|
|
|
Improvement Series 2012A:
|
|
|
|
|
650
|
5.000%, 5/01/33
|
5/22 at 100.00
|
AA–
|
695,084
|
|
860
|
4.000%, 5/01/33
|
5/22 at 100.00
|
AA–
|
861,109
|
|
800
|
5.000%, 5/01/42
|
5/22 at 100.00
|
AA–
|
847,288
|
|
10,990
|
Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Refunding & Improvement
|
11/24 at 100.00
|
AA–
|
11,600,824
|
|
|
Series 2015A, 5.000%, 11/01/43
|
|
|
|
|
6,655
|
Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Series 2017A,
|
2/28 at 100.00
|
AA–
|
6,468,527
|
|
|
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+
|
2,985,428
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Ohio (continued)
|
|
|
|
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
|
|
|
|
|
|
Bonds, Senior Lien, Series 2007A-2:
|
|
|
|
|
$ 4,370
|
5.375%, 6/01/24
|
12/18 at 100.00
|
B–
|
$ 4,270,102
|
|
12,060
|
5.125%, 6/01/24
|
12/18 at 100.00
|
B–
|
11,669,256
|
|
22,350
|
5.875%, 6/01/30
|
12/18 at 100.00
|
B–
|
22,026,372
|
|
37,190
|
5.750%, 6/01/34
|
12/18 at 100.00
|
B–
|
35,919,218
|
|
14,555
|
6.000%, 6/01/42
|
12/18 at 100.00
|
B–
|
14,373,354
|
|
1,500
|
6.500%, 6/01/47
|
12/18 at 100.00
|
B–
|
1,516,155
|
|
33,485
|
5.875%, 6/01/47
|
12/18 at 100.00
|
B–
|
32,646,201
|
|
14,570
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
B–
|
14,722,256
|
|
|
Revenue Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37
|
|
|
|
|
6,000
|
Butler County, Ohio,Hospital Facilities Revenue Bonds, UC Health, Series 2010, 5.250%,
|
11/20 at 100.00
|
A (4)
|
6,350,820
|
|
|
11/01/29 (Pre-refunded 11/01/20)
|
|
|
|
|
|
Cleveland Heights-University Heights City School District, Ohio, General Obligation Bonds,
|
|
|
|
|
|
School Improvement Series 2014:
|
|
|
|
|
7,060
|
5.000%, 12/01/51
|
6/23 at 100.00
|
AA
|
7,535,209
|
|
10,480
|
5.000%, 12/01/51 (Pre-refunded 6/01/23)
|
6/23 at 100.00
|
N/R (4)
|
11,659,943
|
|
5,165
|
Cuyahoga Community College District, Ohio, General Obligation Bonds, Facilities Construction &
|
6/26 at 100.00
|
Aa1
|
5,259,623
|
|
|
Improvement Series 2018, 4.000%, 12/01/38
|
|
|
|
|
5,975
|
Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center Project,
|
6/23 at 100.00
|
Baa3
|
6,128,139
|
|
|
Series 2013, 5.000%, 6/15/43
|
|
|
|
|
1,465
|
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,
|
5/22 at 100.00
|
Aa2
|
1,551,098
|
|
|
Improvement Series 2012A, 5.000%, 11/01/42
|
|
|
|
|
6,345
|
Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Series 2011A,
|
11/21 at 100.00
|
AA+
|
6,721,893
|
|
|
5.000%, 11/15/41
|
|
|
|
|
6,950
|
Franklin County, Ohio, Revenue Bonds, Trinity Health Credit Group, Series 2017A,
|
12/27 at 100.00
|
AA–
|
7,485,567
|
|
|
5.000%, 12/01/47
|
|
|
|
|
10,000
|
Greene County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Network Series 2009,
|
4/19 at 100.00
|
A+
|
10,141,600
|
|
|
5.500%, 4/01/39
|
|
|
|
|
|
Hamilton County, Ohio, Healthcare Revenue Bonds, Life Enriching Communities Project,
|
|
|
|
|
|
Series 2017A:
|
|
|
|
|
1,500
|
5.000%, 1/01/47
|
1/27 at 100.00
|
N/R
|
1,529,100
|
|
1,120
|
5.000%, 1/01/52
|
1/27 at 100.00
|
N/R
|
1,137,931
|
|
|
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
|
N/R
|
3,486,684
|
|
6,000
|
5.000%, 1/01/51
|
1/26 at 100.00
|
N/R
|
6,089,820
|
|
|
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien
|
|
|
|
|
|
Series 2013A:
|
|
|
|
|
6,920
|
5.000%, 1/01/38
|
1/23 at 100.00
|
Aa3
|
7,454,847
|
|
14,850
|
5.000%, 1/01/38 (UB) (5)
|
1/23 at 100.00
|
Aa3
|
15,997,757
|
|
|
JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds, Tender
|
|
|
|
|
|
Option Bond Trust 2016-XG0052:
|
|
|
|
|
875
|
13.546%, 1/01/38, 144A (IF), (5)
|
1/23 at 100.00
|
Aa3
|
1,145,524
|
|
1,050
|
13.546%, 1/01/38, 144A (IF), (5)
|
1/23 at 100.00
|
Aa3
|
1,374,628
|
|
2,305
|
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series
|
11/21 at 100.00
|
Baa1 (4)
|
2,556,568
|
|
|
2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21)
|
|
|
|
|
6,000
|
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding
|
No Opt. Call
|
A2
|
6,928,140
|
|
|
Series 2007, 5.250%, 12/01/31 – AGM Insured
|
|
|
|
|
4,380
|
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,
|
1/19 at 100.00
|
BBB+
|
4,428,224
|
|
|
5.000%, 5/01/30
|
|
|
|
|
21,000
|
Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Refunding &
|
11/24 at 100.00
|
AA+
|
22,975,260
|
|
|
Improvement Series 2014, 5.000%, 11/15/49
|
|
|
|
|
9,365
|
Ohio Higher Educational Facility Commission, Revenue Bonds, University of Dayton, Series
|
6/28 at 100.00
|
A+
|
10,205,134
|
|
|
2018A, 5.000%, 12/01/48
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Ohio (continued)
|
|
|
|
|
$ 7,500
|
Ohio State, Hospital Facility Revenue Bonds, Cleveland Clinic Health System Obligated Group,
|
1/19 at 100.00
|
AA (4)
|
$ 7,543,275
|
|
|
Refunding Series 2009A, 5.500%, 1/01/39 (Pre-refunded 1/01/19)
|
|
|
|
|
19,515
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series
|
2/23 at 100.00
|
Aa3
|
20,951,109
|
|
|
2013A-1, 5.000%, 2/15/48
|
|
|
|
|
7,550
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien
|
2/31 at 100.00
|
Aa3
|
7,149,774
|
|
|
Convertible Series 2013A-3, 0.000%, 2/15/36 (6)
|
|
|
|
|
9,000
|
Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien Series
|
2/28 at 100.00
|
Aa3
|
9,027,270
|
|
|
2018A, 4.000%, 2/15/46
|
|
|
|
|
|
Southeastern Ohio Port Authority, Hospital Facilities Revenue Bonds, Memorial Health System
|
|
|
|
|
|
Obligated Group Project, Refunding and Improvement Series 2012:
|
|
|
|
|
135
|
5.750%, 12/01/32
|
12/22 at 100.00
|
BB–
|
142,456
|
|
130
|
6.000%, 12/01/42
|
12/22 at 100.00
|
BB–
|
135,372
|
|
4,190
|
Springboro Community City School District, Warren County, Ohio, General Obligation Bonds,
|
No Opt. Call
|
AA
|
4,868,445
|
|
|
Refunding Series 2007, 5.250%, 12/01/26 – AGM Insured
|
|
|
|
|
3,670
|
Tuscarawas County Economic Development and Finance Alliance, Ohio, Higher Education Facilities
|
3/25 at 100.00
|
N/R
|
3,640,824
|
|
|
Revenue Bonds, Ashland University, Refunding & Improvement Series 2015, 6.000%, 3/01/45
|
|
|
|
|
364,300
|
Total Ohio
|
|
|
374,572,887
|
|
|
Oklahoma – 0.4% (0.2% of Total Investments)
|
|
|
|
|
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project,
|
|
|
|
|
|
Series 2018B:
|
|
|
|
|
4,905
|
5.250%, 8/15/48
|
8/28 at 100.00
|
Baa3
|
5,205,235
|
|
1,380
|
5.500%, 8/15/52
|
8/28 at 100.00
|
Baa3
|
1,485,901
|
|
3,190
|
5.500%, 8/15/57
|
8/28 at 100.00
|
Baa3
|
3,421,754
|
|
4,000
|
Oklahoma Development Finance Authority, Revenue Bonds, Provident Oklahoma Education
|
8/27 at 100.00
|
BB
|
3,705,720
|
|
|
Resources Inc.- Cross Village Student Housing Project, Series 2017, 5.000%, 8/01/47
|
|
|
|
|
1,125
|
Tulsa County Industrial Authority, Oklahoma, Senior Living Community Revenue Bonds,
|
11/25 at 102.00
|
N/R
|
1,218,116
|
|
|
Montereau, Inc. Project, Refunding Series 2017, 5.250%, 11/15/37
|
|
|
|
|
14,600
|
Total Oklahoma
|
|
|
15,036,726
|
|
|
Oregon – 1.1% (0.7% of Total Investments)
|
|
|
|
|
|
Clackamas Community College District, Oregon, General Obligation Bonds, Deferred Interest
|
|
|
|
|
|
Series 2017A:
|
|
|
|
|
760
|
0.000%, 6/15/38 (6)
|
6/27 at 100.00
|
Aa1
|
773,726
|
|
2,750
|
0.000%, 6/15/39 (6)
|
6/27 at 100.00
|
Aa1
|
2,793,368
|
|
|
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
|
1,461,266
|
|
1,705
|
5.000%, 6/15/39
|
6/27 at 100.00
|
Aa1
|
1,897,836
|
|
7,420
|
Oregon Facilities Authority, Revenue Bonds, Legacy Health Project, Refunding Series 2016A,
|
6/26 at 100.00
|
AA–
|
7,961,066
|
|
|
5.000%, 6/01/46
|
|
|
|
|
|
Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services, Refunding Series 2016A:
|
|
|
|
|
6,240
|
5.000%, 10/01/35
|
10/26 at 100.00
|
BBB+
|
6,734,208
|
|
2,260
|
5.000%, 10/01/46
|
10/26 at 100.00
|
BBB+
|
2,388,368
|
|
8,890
|
Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Senior Lien Series
|
11/23 at 100.00
|
AAA
|
9,798,202
|
|
|
2013A, 5.000%, 11/15/38
|
|
|
|
|
5,265
|
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Hospital Project, Refunding
|
5/26 at 100.00
|
A+
|
5,629,285
|
|
|
Series 2016A, 5.000%, 5/15/46
|
|
|
|
|
36,600
|
Total Oregon
|
|
|
39,437,325
|
|
|
Pennsylvania – 6.3% (3.9% of Total Investments)
|
|
|
|
|
15,000
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health
|
4/28 at 100.00
|
A
|
15,864,900
|
|
|
Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/47
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Pennsylvania (continued)
|
|
|
|
|
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of
|
|
|
|
|
|
Pittsburgh Medical Center, Series 2009A:
|
|
|
|
|
$ 1,250
|
5.500%, 8/15/34
|
8/19 at 100.00
|
AA–
|
$ 1,280,638
|
|
3,000
|
5.625%, 8/15/39
|
8/19 at 100.00
|
AA–
|
3,072,870
|
|
|
Bethlehem Authority, Northampton and Lehigh Counties, Pennsylvania, Guaranteed Water Revenue
|
|
|
|
|
|
Bonds, Series 1998:
|
|
|
|
|
3,125
|
0.000%, 5/15/22 – AGM Insured
|
No Opt. Call
|
AA
|
2,820,531
|
|
3,125
|
0.000%, 5/15/23 – AGM Insured
|
No Opt. Call
|
AA
|
2,725,281
|
|
3,135
|
0.000%, 5/15/24 – AGM Insured
|
No Opt. Call
|
AA
|
2,639,764
|
|
3,155
|
0.000%, 5/15/26 – AGM Insured
|
No Opt. Call
|
AA
|
2,467,147
|
|
4,145
|
0.000%, 11/15/26 – AGM Insured
|
No Opt. Call
|
AA
|
3,178,800
|
|
2,800
|
0.000%, 5/15/28 – AGM Insured
|
No Opt. Call
|
AA
|
2,013,116
|
|
3,000
|
0.000%, 11/15/28 – AGM Insured
|
No Opt. Call
|
AA
|
2,115,720
|
|
1,200
|
Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical
|
11/27 at 100.00
|
A
|
1,298,748
|
|
|
Center Project, Series 2018A, 5.000%, 11/15/42
|
|
|
|
|
|
Chester County Health and Education Facilities Authority, Pennsylvania, Health System Revenue
|
|
|
|
|
|
Bonds, Jefferson Health System, Series 2010A:
|
|
|
|
|
1,835
|
5.000%, 5/15/40
|
5/20 at 100.00
|
AA
|
1,893,592
|
|
5,165
|
5.000%, 5/15/40 (Pre-refunded 5/15/20)
|
5/20 at 100.00
|
N/R (4)
|
5,389,419
|
|
895
|
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master
|
6/28 at 100.00
|
A1
|
982,057
|
|
|
Settlement, Series 2018, 5.000%, 6/01/34
|
|
|
|
|
2,150
|
Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle Health
|
6/22 at 100.00
|
A+
|
2,278,398
|
|
|
System Project, Series 2012A, 5.000%, 6/01/42
|
|
|
|
|
190
|
Delaware County Industrial Development Authority, Pennsylvania, Resource Recovery Revenue
|
1/19 at 100.00
|
Ba1
|
190,471
|
|
|
Refunding Bonds, Series 1997A, 6.200%, 7/01/19
|
|
|
|
|
26,595
|
Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System
|
7/27 at 100.00
|
A1
|
29,490,132
|
|
|
Revenue Bonds, Series 2017, 5.000%, 7/01/42
|
|
|
|
|
3,500
|
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds,Series 2010E,
|
1/20 at 100.00
|
AA
|
3,594,745
|
|
|
5.000%, 1/01/40 – AGM Insured
|
|
|
|
|
1,050
|
Delaware Valley Regional Finance Authority, Pennsylvania, Local Government Revenue Bonds,
|
No Opt. Call
|
A1
|
1,235,902
|
|
|
Series 1997B, 5.700%, 7/01/27 – AMBAC Insured
|
|
|
|
|
4,000
|
Erie Water Authority, Erie County, Pennsylvania, Water Revenue Bonds, Series 2011A, 4.625%,
|
12/21 at 100.00
|
A2
|
4,072,840
|
|
|
12/01/44 – AGM Insured
|
|
|
|
|
2,900
|
Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, United Zion Retirement
|
6/27 at 100.00
|
N/R
|
2,860,502
|
|
|
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
|
2,611,123
|
|
5,180
|
0.000%, 12/01/32
|
No Opt. Call
|
A
|
2,877,127
|
|
9,270
|
Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession,
|
12/23 at 100.00
|
A
|
10,028,101
|
|
|
Series 2013A, 5.125%, 12/01/47
|
|
|
|
|
5,410
|
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas
|
9/28 at 100.00
|
A+
|
5,823,108
|
|
|
Jefferson University, Series 2018A, 5.000%, 9/01/48
|
|
|
|
|
5,000
|
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds,
|
1/25 at 100.00
|
Baa3
|
5,275,350
|
|
|
Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45
|
|
|
|
|
3,210
|
Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS
|
11/26 at 100.00
|
N/R
|
3,421,892
|
|
|
Retirement-Life Communities, Inc. Obligated Group, Series 2016, 5.000%, 11/15/36
|
|
|
|
|
630
|
Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds,
|
1/19 at 100.00
|
N/R
|
189,062
|
|
|
Northampton Generating Project, Senior Lien Series 2013A0 & AE2, 5.000%, 12/01/23 (7)
|
|
|
|
|
115
|
Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds,
|
1/19 at 100.00
|
N/R
|
34,402
|
|
|
Northampton Generating Project, Senior Lien Taxable Series 2013B, 5.000%, 12/31/23 (cash
|
|
|
|
|
|
5.000%, PIK 5.000%) (8)
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Pennsylvania (continued)
|
|
|
|
|
$ 1,700
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, AICUP Financing
|
11/22 at 100.00
|
Ba1
|
$ 1,475,889
|
|
|
Program-Delaware Valley College of Science and Agriculture Project, Series 2012 LL1,
|
|
|
|
|
|
4.000%, 11/01/32
|
|
|
|
|
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds,
|
|
|
|
|
|
Subordinate Series 2010A1&2:
|
|
|
|
|
1,250
|
5.500%, 12/01/34 (Pre-refunded 12/01/20)
|
12/20 at 100.00
|
N/R (4)
|
1,334,737
|
|
5,725
|
5.500%, 12/01/34 (Pre-refunded 12/01/20)
|
12/20 at 100.00
|
AA– (4)
|
6,113,098
|
|
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds,
|
|
|
|
|
|
Subordinate Series 2011B:
|
|
|
|
|
965
|
5.000%, 12/01/41
|
12/21 at 100.00
|
A2
|
1,022,244
|
|
1,035
|
5.000%, 12/01/41 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
N/R (4)
|
1,120,522
|
|
3,115
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds,
|
12/22 at 100.00
|
AA–
|
3,318,005
|
|
|
Subordinate Series 2013A, 5.000%, 12/01/36
|
|
|
|
|
16,805
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009E,
|
12/27 at 100.00
|
A
|
20,201,459
|
|
|
6.375%, 12/01/38
|
|
|
|
|
5,575
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015B, 5.000%, 12/01/45
|
12/25 at 100.00
|
A1
|
6,004,665
|
|
6,340
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2016A-1, 5.000%, 12/01/41
|
6/26 at 100.00
|
A1
|
6,854,174
|
|
19,250
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, 6.250%,
|
6/26 at 100.00
|
AA
|
23,016,262
|
|
|
6/01/33 – AGM Insured
|
|
|
|
|
1,445
|
Philadelphia Authority for Industrial Development Senior Living Facilities, Pennsylvania,
|
7/27 at 100.00
|
N/R
|
1,473,409
|
|
|
Revenue Bonds, Wesley Enhanced Living Obligated Group, Series 2017A, 5.000%, 7/01/37
|
|
|
|
|
505
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital
|
7/22 at 100.00
|
BBB–
|
531,098
|
|
|
Revenue Bonds, Temple University Health System Obligated Group, Series 2012A, 5.625%, 7/01/42
|
|
|
|
|
26,765
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health System
|
5/20 at 100.00
|
N/R (4)
|
27,907,063
|
|
|
Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40 (Pre-refunded 5/15/20)
|
|
|
|
|
1,425
|
Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2011, 6.500%, 8/01/41
|
8/20 at 100.00
|
A (4)
|
1,532,203
|
|
|
(Pre-refunded 8/01/20)
|
|
|
|
|
3,410
|
Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 1997A, 5.125%,
|
No Opt. Call
|
A1 (4)
|
4,006,716
|
|
|
8/01/27 – AMBAC Insured (ETM)
|
|
|
|
|
3,415
|
Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Sales Tax
|
8/20 at 100.00
|
AA
|
3,558,157
|
|
|
Revenue Bonds, Refunding Series 2010, 5.000%, 2/01/31 – AGM Insured
|
|
|
|
|
1,125
|
Scranton, Pennsylvania, Sewer Authority Revenue Bonds, Series 2011A, 5.250%, 12/01/31
|
12/21 at 100.00
|
AA (4)
|
1,226,284
|
|
|
(Pre-refunded 12/01/21) – AGM Insured
|
|
|
|
|
1,930
|
Susquehanna Area Regional Airport Authority, Pennsylvania, Airport System Revenue Bonds,
|
1/23 at 100.00
|
Baa3
|
1,891,033
|
|
|
Series 2012B, 4.000%, 1/01/33
|
|
|
|
|
226,290
|
Total Pennsylvania
|
|
|
234,312,756
|
|
|
Puerto Rico – 0.6% (0.4% of Total Investments)
|
|
|
|
|
625
|
Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2005SS, 5.000%,
|
1/19 at 100.00
|
Baa2
|
627,306
|
|
|
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
|
Baa2
|
1,061,590
|
|
|
NPFG Insured
|
|
|
|
|
1,305
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2005L, 5.250%,
|
No Opt. Call
|
Baa2
|
1,379,790
|
|
|
7/01/23 – NPFG Insured
|
|
|
|
|
1,000
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%,
|
No Opt. Call
|
C
|
1,084,310
|
|
|
7/01/31 – AMBAC Insured
|
|
|
|
|
4,300
|
Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003,
|
1/19 at 100.00
|
AA–
|
4,476,257
|
|
|
4.500%, 12/01/23
|
|
|
|
|
5,880
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
|
8/20 at 100.00
|
AA
|
6,061,751
|
|
|
2010C, 5.125%, 8/01/42 – AGM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Puerto Rico (continued)
|
|
|
|
|
$ 51,225
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
|
No Opt. Call
|
Ca
|
$ 7,454,262
|
|
|
8/01/54 – AMBAC Insured
|
|
|
|
|
65,335
|
Total Puerto Rico
|
|
|
22,145,266
|
|
|
Rhode Island – 0.6% (0.4% of Total Investments)
|
|
|
|
|
1,315
|
Rhode Island Health and Educational Building Corporation, Hospital Financing Revenue Bonds,
|
5/26 at 100.00
|
BBB+
|
1,397,174
|
|
|
Lifespan Obligated Group, Refunding Series 2016, 5.000%, 5/15/39
|
|
|
|
|
174,390
|
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
|
1/19 at 100.00
|
CCC+
|
19,638,058
|
|
|
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+
|
2,420,304
|
|
|
5.000%, 10/01/40
|
|
|
|
|
177,940
|
Total Rhode Island
|
|
|
23,455,536
|
|
|
South Carolina – 3.3% (2.1% of Total Investments)
|
|
|
|
|
|
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
|
A1
|
1,360,034
|
|
6,820
|
5.000%, 11/01/46
|
5/26 at 100.00
|
A1
|
7,167,820
|
|
|
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–
|
16,749,567
|
|
15,420
|
0.000%, 1/01/32 – AMBAC Insured
|
No Opt. Call
|
A–
|
9,131,416
|
|
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, McLeod Health
|
|
|
|
|
|
Projects, Refunding & Improvement Series 2018:
|
|
|
|
|
10,000
|
5.000%, 11/01/43
|
5/28 at 100.00
|
AA
|
10,915,900
|
|
6,000
|
5.000%, 11/01/48
|
5/28 at 100.00
|
AA
|
6,509,760
|
|
375
|
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health,
|
8/21 at 100.00
|
AA (4)
|
417,743
|
|
|
Refunding Series 2011A, 6.500%, 8/01/39 (Pre-refunded 8/01/21) – AGM Insured
|
|
|
|
|
10,000
|
South Carolina Public Service Authority Santee Cooper Revenue Obligations, Refunding Series
|
12/26 at 100.00
|
A+
|
10,397,100
|
|
|
2016B, 5.000%, 12/01/56
|
|
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding
|
|
|
|
|
|
Series 2014C:
|
|
|
|
|
3,850
|
5.000%, 12/01/39
|
12/24 at 100.00
|
A+
|
4,026,253
|
|
4,000
|
5.000%, 12/01/46
|
12/24 at 100.00
|
A+
|
4,163,480
|
|
6,790
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2013A,
|
12/23 at 100.00
|
A+
|
7,077,556
|
|
|
5.125%, 12/01/43
|
|
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2014A:
|
|
|
|
|
2,000
|
5.000%, 12/01/49
|
6/24 at 100.00
|
A+
|
2,072,760
|
|
17,240
|
5.500%, 12/01/54
|
6/24 at 100.00
|
A+
|
18,282,503
|
|
20,035
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2015E,
|
12/25 at 100.00
|
A+
|
21,223,076
|
|
|
5.250%, 12/01/55
|
|
|
|
|
4,500
|
Spartanburg Regional Health Services District, Inc., South Carolina, Hospital Refunding
|
4/22 at 100.00
|
A
|
4,753,665
|
|
|
Revenue Bonds, Series 2012A, 5.000%, 4/15/32
|
|
|
|
|
135,275
|
Total South Carolina
|
|
|
124,248,633
|
|
|
South Dakota – 0.8% (0.5% 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
|
N/R
|
3,003,900
|
|
3,150
|
5.125%, 11/01/47
|
11/26 at 100.00
|
N/R
|
3,167,451
|
|
8,800
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health System,
|
7/24 at 100.00
|
AA–
|
9,346,920
|
|
|
Series 2014, 5.000%, 7/01/44
|
|
|
|
|
2,580
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health,
|
7/27 at 100.00
|
AA–
|
2,747,752
|
|
|
Refunding Series 2017, 5.000%, 7/01/46
|
|
|
|
|
3,565
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health,
|
11/24 at 100.00
|
A+
|
3,794,479
|
|
|
Series 2014B, 5.000%, 11/01/44
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
South Dakota (continued)
|
|
|
|
|
$ 8,260
|
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health,
|
11/25 at 100.00
|
A+
|
$ 8,790,953
|
|
|
Series 2015, 5.000%, 11/01/45
|
|
|
|
|
29,355
|
Total South Dakota
|
|
|
30,851,455
|
|
|
Tennessee – 1.2% (0.7% of Total Investments)
|
|
|
|
|
10,670
|
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, Catholic
|
1/23 at 100.00
|
BBB+
|
11,230,708
|
|
|
Health Initiatives, Series 2013A, 5.250%, 1/01/45
|
|
|
|
|
2,180
|
Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Ballad
|
7/28 at 100.00
|
A
|
2,389,825
|
|
|
Health, Series 2018A, 5.000%, 7/01/35
|
|
|
|
|
2,065
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds,
|
8/22 at 100.00
|
A
|
2,148,550
|
|
|
Mountain States Health Alliance, Series 2012A, 5.000%, 8/15/42
|
|
|
|
|
95
|
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Refunding
|
7/23 at 100.00
|
Baa1 (4)
|
95,234
|
|
|
and Improvement Bonds, Johnson City Medical Center, Series 1998C, 5.125%, 7/01/25
|
|
|
|
|
|
(Pre-refunded 7/01/23) – NPFG Insured
|
|
|
|
|
|
Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds,
|
|
|
|
|
|
University Health System, Inc., Series 2016:
|
|
|
|
|
5,000
|
5.000%, 9/01/36
|
9/26 at 100.00
|
BBB
|
5,360,850
|
|
1,000
|
5.000%, 9/01/47
|
9/26 at 100.00
|
BBB
|
1,053,540
|
|
|
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
|
478,816
|
|
1,745
|
5.000%, 4/01/36
|
4/27 at 100.00
|
BBB
|
1,845,564
|
|
|
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
|
2,348,310
|
|
1,000
|
5.000%, 10/01/45
|
10/26 at 100.00
|
BBB
|
1,052,670
|
|
11,000
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board,
|
7/26 at 100.00
|
A3
|
11,711,810
|
|
|
Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A, 5.000%, 7/01/46
|
|
|
|
|
4,120
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board,
|
No Opt. Call
|
N/R
|
4,181,429
|
|
|
Tennessee, Revenue Refunding and Improvement Bonds, Meharry Medical College, Series 1996,
|
|
|
|
|
|
6.000%, 12/01/19 – AMBAC Insured
|
|
|
|
|
41,545
|
Total Tennessee
|
|
|
43,897,306
|
|
|
Texas – 12.9% (8.0% of Total Investments)
|
|
|
|
|
18,000
|
Arlington, Texas, Special Tax Revenue Bonds, Senior Lien Series 2018A, 5.000%, 2/15/48 –
|
2/28 at 100.00
|
AA+
|
19,690,560
|
|
|
AGM Insured
|
|
|
|
|
14,615
|
Austin, Texas, Electric Utility System Revenue Bonds, Series 2015A, 5.000%, 11/15/45 (UB) (5)
|
11/25 at 100.00
|
Aa3
|
16,057,647
|
|
3,035
|
Bexar County, Texas, Venue Project Revenue Bonds, Refunding Combined Venue Tax Series 2010,
|
8/19 at 100.00
|
AA
|
3,106,990
|
|
|
5.500%, 8/15/49 – AGM Insured
|
|
|
|
|
4,790
|
Bryan, Brazos County, Texas, Electric System Revenue Bonds, Refunding & Improvement Series
|
7/26 at 100.00
|
A+
|
4,712,594
|
|
|
2016, 4.000%, 7/01/41
|
|
|
|
|
2,500
|
Capital Area Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, The
|
4/20 at 100.00
|
Baa1
|
2,606,925
|
|
|
Roman Catholic Diocese of Austin, Series 2005B. Remarketed, 6.125%, 4/01/45
|
|
|
|
|
1,000
|
Cedar Hill Independent School District, Dallas County, Texas, General Obligation Bonds,
|
No Opt. Call
|
AA–
|
590,330
|
|
|
Refunding Series 2002, 0.000%, 8/15/32 – FGIC Insured
|
|
|
|
|
1,330
|
Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien Series 2013A,
|
1/23 at 100.00
|
A–
|
1,403,975
|
|
|
5.000%, 1/01/43
|
|
|
|
|
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011:
|
|
|
|
|
2,080
|
5.750%, 1/01/31 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
A– (4)
|
2,230,571
|
|
1,000
|
6.000%, 1/01/41 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
A– (4)
|
1,077,630
|
|
6,940
|
6.250%, 1/01/46 (Pre-refunded 1/01/21)
|
1/21 at 100.00
|
A– (4)
|
7,515,187
|
|
7,750
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A,
|
7/25 at 100.00
|
A–
|
8,306,682
|
|
|
5.000%, 1/01/45
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
|
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–
|
$ 1,839,106
|
|
1,000
|
4.400%, 12/01/47
|
12/22 at 100.00
|
BBB–
|
951,150
|
|
2,500
|
Comal Independent School District, Comal, Bexar, Guadalupe, Hays, and Kendall Counties, Texas,
|
No Opt. Call
|
Aaa
|
2,244,925
|
|
|
General Obligation Bonds, Series 2005A, 0.000%, 2/01/23
|
|
|
|
|
6,340
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding and Improvement
|
11/21 at 100.00
|
A+
|
6,637,790
|
|
|
Bonds, Series 2012C, 5.000%, 11/01/45 – AGM Insured
|
|
|
|
|
160
|
Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series 2014A,
|
9/24 at 100.00
|
BBB–
|
167,672
|
|
|
5.250%, 9/01/44
|
|
|
|
|
3,700
|
El Paso Independent School District, El Paso County, Texas, General Obligation Bonds, School
|
8/26 at 100.00
|
Aaa
|
4,061,971
|
|
|
Building Series 2017, 5.000%, 8/15/42
|
|
|
|
|
1,500
|
El Paso, Texas, Airport Revenue Bonds, El Paso International Airport Series 2011,
|
8/20 at 100.00
|
A+
|
1,570,755
|
|
|
5.250%, 8/15/33
|
|
|
|
|
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien
|
|
|
|
|
|
Series 2013B:
|
|
|
|
|
16,920
|
5.000%, 4/01/53
|
10/23 at 100.00
|
AA+
|
18,182,740
|
|
15,000
|
5.000%, 4/01/53, (UB)
|
10/23 at 100.00
|
AA
|
16,119,450
|
|
5,295
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien
|
4/28 at 100.00
|
AA+
|
5,833,396
|
|
|
Series 2018A Tela Supported, 5.000%, 10/01/48
|
|
|
|
|
6,610
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Tender Option
|
10/23 at 100.00
|
AA
|
8,583,680
|
|
|
Bond Trust 2015-XF0228, 13.326%, 11/01/44, 144A (IF)
|
|
|
|
|
|
Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Houston
|
|
|
|
|
|
Methodist Hospital System, Series 2015:
|
|
|
|
|
2,320
|
5.000%, 12/01/45
|
6/25 at 100.00
|
AA
|
2,497,457
|
|
2,845
|
4.000%, 12/01/45
|
6/25 at 100.00
|
AA
|
2,740,020
|
|
|
Harris County, Texas, Toll Road Revenue Bonds, Refunding Senior Lien Series 2018A:
|
|
|
|
|
13,890
|
5.000%, 8/15/43
|
2/28 at 100.00
|
Aa2
|
15,401,093
|
|
7,000
|
4.000%, 8/15/48
|
2/28 at 100.00
|
Aa2
|
6,915,510
|
|
4,040
|
Harris County, Texas, Toll Road Revenue Bonds, Subordinate Lien Unlimited Tax Tender Options
|
No Opt. Call
|
AAA
|
6,460,445
|
|
|
Bond Trust 2015-XF2184, 11.238%, 8/15/28, 144A – AGM Insured (IF) (5)
|
|
|
|
|
|
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
|
AA
|
418,107
|
|
2,390
|
0.000%, 11/15/42 – AGM Insured
|
11/31 at 59.73
|
AA
|
795,129
|
|
2,660
|
0.000%, 11/15/43 – AGM Insured
|
11/31 at 56.93
|
AA
|
841,331
|
|
7,260
|
0.000%, 11/15/44 – AGM Insured
|
11/31 at 54.25
|
AA
|
2,182,574
|
|
10,440
|
0.000%, 11/15/45 – AGM Insured
|
11/31 at 51.48
|
AA
|
2,970,493
|
|
7,165
|
0.000%, 11/15/49 – AGM Insured
|
11/31 at 41.91
|
AA
|
1,651,389
|
|
3,000
|
0.000%, 11/15/52 – AGM Insured
|
11/31 at 35.81
|
AA
|
588,600
|
|
3,885
|
Houston Independent School District Public Facility Corporation, Harris County, Texas, Lease
|
No Opt. Call
|
Aa1
|
3,814,410
|
|
|
Revenue Bonds, Cesar E. Chavez High School, Series 1998A, 0.000%, 9/15/19 – AMBAC Insured
|
|
|
|
|
|
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018B:
|
|
|
|
|
2,000
|
5.000%, 7/01/43
|
7/28 at 100.00
|
A1
|
2,209,540
|
|
2,710
|
5.000%, 7/01/48
|
7/28 at 100.00
|
A1
|
2,982,355
|
|
4,550
|
Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2012B,
|
7/22 at 100.00
|
A+
|
4,904,308
|
|
|
5.000%, 7/01/31
|
|
|
|
|
990
|
Houston, Texas, Airport System Revenue Bonds, Subordinate Lien Series 2000B, 5.450%, 7/01/24 –
|
No Opt. Call
|
AA
|
1,114,304
|
|
|
AGM Insured
|
|
|
|
|
6,000
|
Houston, Texas, Combined Utility System Revenue Bonds, First Lien Series 2011D,
|
11/21 at 100.00
|
AA
|
6,342,120
|
|
|
5.000%, 11/15/40
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
|
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment
|
|
|
|
|
|
Project, Series 2001B:
|
|
|
|
|
$ 1,495
|
0.000%, 9/01/23 – AMBAC Insured
|
No Opt. Call
|
AA
|
$ 1,307,721
|
|
10,850
|
0.000%, 9/01/25 – AMBAC Insured
|
No Opt. Call
|
A2
|
8,688,029
|
|
1,715
|
0.000%, 9/01/32 – AMBAC Insured
|
No Opt. Call
|
A2
|
956,061
|
|
2,870
|
Hutto Independent School District, Williamson County, Texas, General Obligation Bonds,
|
8/21 at 100.00
|
A+
|
3,031,811
|
|
|
Refunding Series 2012A, 5.000%, 8/01/46
|
|
|
|
|
2,340
|
Laredo, Webb County, Texas, Waterworks and Sewer System Revenue Bonds, Series 2011, 5.000%,
|
3/21 at 100.00
|
AA
|
2,462,850
|
|
|
3/01/41 – AGM Insured
|
|
|
|
|
|
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation
|
|
|
|
|
|
Bonds, Refunding Series 2015A:
|
|
|
|
|
2,725
|
5.000%, 8/15/40
|
8/25 at 100.00
|
AAA
|
2,978,480
|
|
4,000
|
4.000%, 8/15/41
|
8/25 at 100.00
|
AAA
|
3,970,240
|
|
3,000
|
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,
|
11/20 at 100.00
|
A3
|
3,140,010
|
|
|
Southwest Airlines Company, Series 2010, 5.250%, 11/01/40
|
|
|
|
|
8,305
|
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission
|
5/25 at 100.00
|
A+
|
8,976,708
|
|
|
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
|
1,834,094
|
|
1,800
|
6.125%, 12/01/38
|
12/25 at 100.00
|
B1
|
1,863,018
|
|
|
Midtown Redevelopment Authority, Texas, Tax Increment Contract Revenue, Refunding Series 2017:
|
|
|
|
|
16,285
|
5.000%, 1/01/36
|
1/27 at 100.00
|
A
|
17,455,729
|
|
10,040
|
5.000%, 1/01/38 – AGM Insured
|
1/27 at 100.00
|
AA
|
10,805,349
|
|
|
Montgomery County Toll Road Authority, Texas, Toll Road Revenue Bonds, Senior Lien Series 2018:
|
|
|
|
|
2,100
|
5.000%, 9/15/43
|
9/25 at 100.00
|
BBB–
|
2,223,669
|
|
1,815
|
5.000%, 9/15/48
|
9/25 at 100.00
|
BBB–
|
1,916,295
|
|
850
|
New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue
|
11/24 at 102.00
|
N/R
|
894,183
|
|
|
Bonds, Methodist Retirement Communities Crestview Project, Series 2016, 5.000%, 11/15/31
|
|
|
|
|
4,290
|
North Fort Bend Water Authority, Texas, Water System Revenue Bonds, Series 2011, 5.000%,
|
12/21 at 100.00
|
AA
|
4,573,869
|
|
|
12/15/36 – AGM Insured
|
|
|
|
|
|
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) (6)
|
9/31 at 100.00
|
N/R (4)
|
2,012,916
|
|
7,990
|
0.000%, 9/01/45 (Pre-refunded 9/01/31) (6)
|
9/31 at 100.00
|
N/R (4)
|
9,378,982
|
|
4,000
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital Appreciation
|
1/25 at 100.00
|
A+
|
4,735,360
|
|
|
Series 2008I, 6.500%, 1/01/43
|
|
|
|
|
2,125
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008D,
|
No Opt. Call
|
AA
|
1,554,586
|
|
|
0.000%, 1/01/28 – AGC Insured
|
|
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B:
|
|
|
|
|
10,260
|
5.000%, 1/01/40
|
1/23 at 100.00
|
A+
|
10,978,303
|
|
12,205
|
5.000%, 1/01/45
|
1/25 at 100.00
|
A+
|
13,120,497
|
|
|
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
|
6,865,231
|
|
4,000
|
5.000%, 1/01/34
|
1/25 at 100.00
|
A
|
4,357,680
|
|
4,000
|
5.000%, 1/01/35
|
1/25 at 100.00
|
A
|
4,346,080
|
|
2,250
|
Red River Education Finance Corporation, Texas, Higher Education Revenue Bonds, Saint Edward’s
|
6/26 at 100.00
|
BBB+
|
2,183,490
|
|
|
University Project, Series 2016, 4.000%, 6/01/36
|
|
|
|
|
1,000
|
Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Electric Company, Series
|
1/19 at 100.00
|
N/R
|
10
|
|
|
2001C, 5.200%, 5/01/28 (7)
|
|
|
|
|
3,170
|
Southwest Higher Education Authority Inc., Texas, Revenue Bonds, Southern Methodist
|
10/20 at 100.00
|
AA– (4)
|
3,342,131
|
|
|
University, Series 2010, 5.000%, 10/01/41 (Pre-refunded 10/01/20)
|
|
|
|
|
2,410
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue
|
11/21 at 100.00
|
AA–
|
2,559,661
|
|
|
Bonds, Baylor Health Care System, Series 2011A, 5.000%, 11/15/30
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Texas (continued)
|
|
|
|
|
$ 3,480
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue
|
9/23 at 100.00
|
A
|
$ 3,780,220
|
|
|
Bonds, Hendrick Medical Center, Refunding Series 2013, 5.500%, 9/01/43
|
|
|
|
|
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue
|
|
|
|
|
|
Bonds, Scott & White Healthcare Project, Series 2010:
|
|
|
|
|
430
|
5.500%, 8/15/45 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
N/R (4)
|
454,858
|
|
5,350
|
5.500%, 8/15/45 (Pre-refunded 8/15/20)
|
8/20 at 100.00
|
AA– (4)
|
5,664,152
|
|
4,000
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue
|
8/23 at 100.00
|
AA–
|
4,273,000
|
|
|
Bonds, Scott & White Healthcare Project, Series 2013A, 5.000%, 8/15/43
|
|
|
|
|
2,500
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Texas
|
8/26 at 100.00
|
AA
|
2,714,450
|
|
|
Health Resources System, Series 2016A, 5.000%, 2/15/41
|
|
|
|
|
|
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds,
|
|
|
|
|
|
Series 2012:
|
|
|
|
|
14,815
|
5.000%, 12/15/27
|
12/22 at 100.00
|
A3
|
15,930,866
|
|
7,925
|
5.000%, 12/15/28
|
12/22 at 100.00
|
A3
|
8,490,132
|
|
6,550
|
5.000%, 12/15/30
|
12/22 at 100.00
|
A3
|
6,977,977
|
|
2,340
|
5.000%, 12/15/32
|
12/22 at 100.00
|
A3
|
2,484,542
|
|
2,500
|
Texas State, General Obligation Bonds, Transportation Commission Highway Improvement
|
4/22 at 100.00
|
AAA
|
2,706,650
|
|
|
Series 2012A, 5.000%, 4/01/31
|
|
|
|
|
17,760
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds,First Tier
|
8/22 at 100.00
|
A–
|
18,754,205
|
|
|
Refunding Series 2012A, 5.000%, 8/15/41
|
|
|
|
|
7,345
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds,First Tier
|
8/24 at 100.00
|
A–
|
7,957,206
|
|
|
Refunding Series 2015B, 5.000%, 8/15/37
|
|
|
|
|
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds,Second Tier
|
|
|
|
|
|
Refunding Series 2015C:
|
|
|
|
|
3,650
|
5.000%, 8/15/33
|
8/24 at 100.00
|
BBB+
|
3,896,886
|
|
1,600
|
5.000%, 8/15/37
|
8/24 at 100.00
|
BBB+
|
1,690,288
|
|
48,905
|
5.000%, 8/15/42
|
8/24 at 100.00
|
BBB+
|
51,328,732
|
|
4,000
|
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series
|
No Opt. Call
|
A–
|
3,252,880
|
|
|
2002A, 0.000%, 8/15/25 – AMBAC Insured
|
|
|
|
|
479,315
|
Total Texas
|
|
|
481,190,998
|
|
|
Utah – 0.9% (0.6% of Total Investments)
|
|
|
|
|
5,760
|
Central Weber Sewer Improvement District, Utah, Sewer Revenue Bonds, Refunding Series 2010A,
|
3/20 at 100.00
|
AA (4)
|
5,979,456
|
|
|
5.000%, 3/01/33 (Pre-refunded 3/01/20) – AGC Insured
|
|
|
|
|
12,335
|
Riverton, Utah, Hospital Revenue Bonds, IHC Health Services, Inc., Series 2009, 5.000%,
|
8/19 at 100.00
|
AA+ (4)
|
12,630,670
|
|
|
8/15/41 (Pre-refunded 8/15/19)
|
|
|
|
|
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017B:
|
|
|
|
|
3,560
|
5.000%, 7/01/42
|
7/27 at 100.00
|
A+
|
3,897,452
|
|
1,975
|
5.000%, 7/01/47
|
7/27 at 100.00
|
A+
|
2,154,567
|
|
4,000
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018B,
|
7/28 at 100.00
|
A+
|
4,402,000
|
|
|
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
|
1,087,160
|
|
2,320
|
5.000%, 10/15/43
|
10/27 at 100.00
|
AA
|
2,505,786
|
|
1,200
|
5.000%, 10/15/48
|
10/27 at 100.00
|
AA
|
1,291,404
|
|
32,150
|
Total Utah
|
|
|
33,948,495
|
|
|
Vermont – 0.3% (0.2% of Total Investments)
|
|
|
|
|
|
University of Vermont and State Agricultural College, Revenue Bonds, Refunding Series 2015:
|
|
|
|
|
1,000
|
4.000%, 10/01/40
|
10/25 at 100.00
|
Aa3
|
1,002,970
|
|
10,000
|
5.000%, 10/01/45
|
10/25 at 100.00
|
Aa3
|
10,952,400
|
|
11,000
|
Total Vermont
|
|
|
11,955,370
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Virginia – 2.3% (1.4% of Total Investments)
|
|
|
|
|
$ 430
|
Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital
|
7/28 at 100.00
|
BBB
|
$ 363,006
|
|
|
Appreciation Series 2012B, 0.000%, 7/15/40 (6)
|
|
|
|
|
4,000
|
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova
|
5/28 at 100.00
|
Aa2
|
3,918,360
|
|
|
Health System, Series 2018A, 4.000%, 5/15/48 (UB) (5)
|
|
|
|
|
1,800
|
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health
|
11/22 at 100.00
|
A
|
1,945,224
|
|
|
System Obligated Group, Series 2013, 5.000%, 11/01/30
|
|
|
|
|
11,960
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles
|
4/22 at 100.00
|
BBB+
|
12,485,164
|
|
|
Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A,
|
|
|
|
|
|
5.000%, 10/01/53
|
|
|
|
|
7,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles
|
No Opt. Call
|
AA
|
3,187,520
|
|
|
Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B, 0.000%,
|
|
|
|
|
|
10/01/36 – AGC Insured
|
|
|
|
|
32,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles
|
10/26 at 100.00
|
AA
|
39,079,680
|
|
|
Metrorail & Capital improvement Projects, Second Senior Lien Series 2009C, 6.500%,
|
|
|
|
|
|
10/01/41 – AGC Insured
|
|
|
|
|
18,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles
|
10/28 at 100.00
|
BBB+
|
22,302,360
|
|
|
Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 6.500%, 10/01/44
|
|
|
|
|
2,000
|
Prince William County Industrial Development Authority, Virginia, Health Care Facilities
|
11/22 at 100.00
|
AA–
|
2,046,000
|
|
|
Revenue Bonds, Novant Health Obligated Group-Prince William Hospital, Refunding
|
|
|
|
|
|
Series 2013B, 4.000%, 11/01/33
|
|
|
|
|
|
Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health
|
|
|
|
|
|
System Obligated Group, Series 2005B:
|
|
|
|
|
245
|
5.000%, 7/01/38
|
7/20 at 100.00
|
AA
|
253,127
|
|
5
|
5.000%, 7/01/38 (Pre-refunded 7/01/20)
|
7/20 at 100.00
|
AA (4)
|
5,235
|
|
77,440
|
Total Virginia
|
|
|
85,585,676
|
|
|
Washington – 3.3% (2.1% of Total Investments)
|
|
|
|
|
7,000
|
Central Puget Sound Regional Transit Authority, Washington, Sales Tax and Motor Vehicle Excise
|
11/26 at 100.00
|
AAA
|
7,747,530
|
|
|
Tax Bonds, Green Series 2016S-1, 5.000%, 11/01/41
|
|
|
|
|
12,235
|
Chelan County Public Utility District 1, Washington, Columbia River-Rock Island Hydro-Electric
|
No Opt. Call
|
AA+
|
9,675,683
|
|
|
System Revenue Refunding Bonds, Series 1997A, 0.000%, 6/01/26 – NPFG Insured
|
|
|
|
|
4,200
|
King County Public Hospital District 1, Washington, Limited Tax General Obligation Bonds,
|
12/26 at 100.00
|
A2
|
4,572,120
|
|
|
Refunding Series 2016, 5.000%, 12/01/36
|
|
|
|
|
15,000
|
King County, Washington, Sewer Revenue Bonds, Refunding Series 2012, 5.000%, 1/01/52
|
1/22 at 100.00
|
AA+
|
15,917,100
|
|
2,500
|
King County, Washington, Sewer Revenue Bonds, Series 2009, 5.250%, 1/01/42
|
1/19 at 100.00
|
AA+ (4)
|
2,514,050
|
|
|
(Pre-refunded 1/01/19)
|
|
|
|
|
3,000
|
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015A, 5.000%, 4/01/40
|
10/24 at 100.00
|
AA–
|
3,256,770
|
|
1,250
|
Seattle Housing Authority, Washington, Pooled Housing Revenue Bonds, Refunding Series 2014,
|
12/23 at 100.00
|
AA
|
1,325,187
|
|
|
5.000%, 12/01/44
|
|
|
|
|
12,515
|
Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue Bonds,
|
6/23 at 100.00
|
A+
|
13,511,695
|
|
|
Series 2013A, 5.000%, 12/01/38
|
|
|
|
|
8,310
|
Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research
|
1/21 at 100.00
|
A+
|
8,725,915
|
|
|
Center, Series 2011A, 5.625%, 1/01/35
|
|
|
|
|
4,415
|
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center,
|
12/20 at 100.00
|
N/R (4)
|
4,709,613
|
|
|
Series 2010, 5.500%, 12/01/39 (Pre-refunded 12/01/20)
|
|
|
|
|
|
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services,
|
|
|
|
|
|
Refunding Series 2012A:
|
|
|
|
|
4,000
|
5.000%, 10/01/32
|
10/22 at 100.00
|
AA–
|
4,328,600
|
|
10,000
|
4.250%, 10/01/40
|
10/22 at 100.00
|
AA–
|
10,158,300
|
|
3,135
|
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
|
10/22 at 100.00
|
Aa2
|
3,399,813
|
|
|
Refunding Series 2012B, 5.000%, 10/01/30
|
|
|
|
|
8,230
|
Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children’s Hospital,
|
10/22 at 100.00
|
Aa2
|
8,827,086
|
|
|
Series 2012A, 5.000%, 10/01/42
|
|
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Washington (continued)
|
|
|
|
|
$ 7,000
|
Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer
|
7/19 at 100.00
|
A+ (4)
|
$ 7,182,560
|
|
|
Research Center, Series 2009A, 6.000%, 1/01/33 (Pre-refunded 7/01/19)
|
|
|
|
|
500
|
Washington State Housing Finance Commission, Non-profit Housing Revenue Bonds, Presbyterian
|
1/25 at 102.00
|
N/R
|
519,315
|
|
|
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+
|
6,683,760
|
|
|
6/01/28 – FGIC Insured
|
|
|
|
|
10,855
|
Washington, General Obligation Bonds, Series 2000S-5, 0.000%, 1/01/20 – FGIC Insured
|
No Opt. Call
|
AA+
|
10,586,881
|
|
123,145
|
Total Washington
|
|
|
123,641,978
|
|
|
West Virginia – 1.0% (0.6% of Total Investments)
|
|
|
|
|
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health
|
|
|
|
|
|
System Obligated Group, Refunding & Improvement Series 2013A:
|
|
|
|
|
3,000
|
5.375%, 6/01/38
|
6/23 at 100.00
|
A
|
3,234,750
|
|
16,846
|
5.500%, 6/01/44
|
6/23 at 100.00
|
A
|
18,147,961
|
|
9,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health
|
6/28 at 100.00
|
A
|
9,504,630
|
|
|
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
|
3,718,015
|
|
|
System Obligated Group, Improvement Series 2017A, 5.000%, 6/01/42
|
|
|
|
|
3,000
|
West Virginia State Building Commission, Lease Revenue Refunding Bonds, Regional Jail and
|
No Opt. Call
|
N/R
|
3,209,610
|
|
|
Corrections Facility, Series 1998A, 5.375%, 7/01/21 – AMBAC Insured
|
|
|
|
|
35,346
|
Total West Virginia
|
|
|
37,814,966
|
|
|
Wisconsin – 3.5% (2.1% 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 – ACA Insured
|
No Opt. Call
|
N/R
|
1,335
|
|
42
|
0.000%, 1/01/47, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,311
|
|
42
|
0.000%, 1/01/48, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,296
|
|
42
|
0.000%, 1/01/49, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,281
|
|
41
|
0.000%, 1/01/50, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,258
|
|
45
|
0.000%, 1/01/51, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,373
|
|
1,176
|
3.750%, 7/01/51, 144A – ACA Insured
|
3/28 at 100.00
|
N/R
|
1,114,872
|
|
45
|
0.000%, 1/01/52, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,359
|
|
44
|
0.000%, 1/01/53, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,336
|
|
44
|
0.000%, 1/01/54, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,322
|
|
43
|
0.000%, 1/01/55, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,300
|
|
43
|
0.000%, 1/01/56, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,277
|
|
42
|
0.000%, 1/01/57, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,264
|
|
42
|
0.000%, 1/01/58, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,243
|
|
42
|
0.000%, 1/01/59, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,230
|
|
41
|
0.000%, 1/01/60, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,217
|
|
41
|
0.000%, 1/01/61, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,196
|
|
40
|
0.000%, 1/01/62, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,183
|
|
40
|
0.000%, 1/01/63, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,162
|
|
39
|
0.000%, 1/01/64, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,150
|
|
39
|
0.000%, 1/01/65, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,138
|
|
38
|
0.000%, 1/01/66, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
1,118
|
|
501
|
0.000%, 1/01/67, 144A – ACA Insured
|
No Opt. Call
|
N/R
|
14,522
|
|
|
Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman Charter School,
|
|
|
|
|
|
Series 2018A:
|
|
|
|
|
6,000
|
5.000%, 6/15/38, 144A
|
6/26 at 100.00
|
BBB–
|
6,258,240
|
|
2,335
|
5.000%, 6/15/48, 144A
|
6/26 at 100.00
|
BBB–
|
2,418,640
|
|
4,100
|
University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Refunding Series
|
4/23 at 100.00
|
AA–
|
4,399,669
|
|
|
2013A, 5.000%, 4/01/38
|
|
|
|
|
5,140
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ascension Health
|
5/26 at 100.00
|
AA+
|
5,220,235
|
|
|
Alliance Senior Credit Group, Series 2016A, 4.000%, 11/15/34
|
|
|
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
|
|
Portfolio of Investments (continued)
|
|
October 31, 2018
|
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Wisconsin (continued)
|
|
|
|
|
$ 1,240
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care,
|
4/20 at 100.00
|
AA (4)
|
$ 1,302,025
|
|
|
Inc., Series 2010A, 5.625%, 4/15/39 (Pre-refunded 4/15/20)
|
|
|
|
|
6,775
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care,
|
7/21 at 100.00
|
AA (4)
|
7,273,572
|
|
|
Inc., Series 2012A, 5.000%, 7/15/25 (Pre-refunded 7/15/21)
|
|
|
|
|
2,500
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care,
|
4/23 at 100.00
|
AA (4)
|
2,793,900
|
|
|
Inc., Series 2013A, 5.125%, 4/15/31 (Pre-refunded 4/15/23)
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Franciscan Sisters of
|
|
|
|
|
|
Christian Charity Sponsored Ministry, Series 2017A:
|
|
|
|
|
1,000
|
5.000%, 9/01/30
|
9/27 at 100.00
|
BBB–
|
1,083,010
|
|
1,110
|
5.000%, 9/01/31
|
9/27 at 100.00
|
BBB–
|
1,197,834
|
|
1,100
|
5.000%, 9/01/32
|
9/27 at 100.00
|
BBB–
|
1,181,950
|
|
1,725
|
5.000%, 9/01/33
|
9/27 at 100.00
|
BBB–
|
1,844,232
|
|
1,775
|
5.000%, 9/01/34
|
9/27 at 100.00
|
BBB–
|
1,892,257
|
|
1,910
|
5.000%, 9/01/35
|
9/27 at 100.00
|
BBB–
|
2,030,349
|
|
2,065
|
5.000%, 9/01/36
|
9/27 at 100.00
|
BBB–
|
2,187,289
|
|
1,015
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert Health Inc.
|
10/22 at 100.00
|
AA
|
1,070,592
|
|
|
Obligated Group, Series 2012A, 5.000%, 4/01/42
|
|
|
|
|
11,475
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic Health
|
2/27 at 100.00
|
A–
|
12,152,255
|
|
|
System, Inc., Series 2017C, 5.000%, 2/15/47
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
|
|
|
|
|
Series 2012B:
|
|
|
|
|
1,000
|
5.000%, 2/15/27
|
2/22 at 100.00
|
A–
|
1,058,560
|
|
1,000
|
5.000%, 2/15/28
|
2/22 at 100.00
|
A–
|
1,057,600
|
|
4,735
|
5.000%, 2/15/40
|
2/22 at 100.00
|
A–
|
4,962,422
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
|
|
|
|
|
Series 2016A:
|
|
|
|
|
6,375
|
5.000%, 2/15/42
|
2/26 at 100.00
|
A–
|
6,741,053
|
|
8,500
|
5.000%, 2/15/46
|
2/26 at 100.00
|
A–
|
8,966,140
|
|
2,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
2/26 at 100.00
|
A–
|
2,143,500
|
|
|
Series 2016B, 5.000%, 2/15/35
|
|
|
|
|
5,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Medical College of
|
11/26 at 100.00
|
AA–
|
5,421,200
|
|
|
Wisconsin, Inc., Series 2016, 5.000%, 12/01/41
|
|
|
|
|
7,625
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc.,
|
6/22 at 100.00
|
A3
|
7,972,547
|
|
|
Series 2012, 5.000%, 6/01/39
|
|
|
|
|
1,165
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Meriter Hospital Inc.,
|
No Opt. Call
|
A1
|
1,219,149
|
|
|
Series 1992A, 6.000%, 12/01/22 – FGIC Insured
|
|
|
|
|
2,650
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health Care,
|
8/22 at 100.00
|
N/R (4)
|
2,900,875
|
|
|
Inc., Refunding 2012C, 5.000%, 8/15/32 (Pre-refunded 8/15/22)
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Saint John’s Communities
|
|
|
|
|
|
Inc., Series 2018A:
|
|
|
|
|
1,500
|
5.000%, 9/15/45
|
9/23 at 100.00
|
N/R
|
1,544,955
|
|
5,455
|
5.000%, 9/15/50
|
9/23 at 100.00
|
N/R
|
5,606,431
|
|
1,000
|
Wisconsin Health and Educational Facilities Authority, Revenues Bonds, Gundersen Lutheran,
|
10/21 at 100.00
|
AA–
|
1,058,460
|
|
|
Series 2011A, 5.250%, 10/15/39
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Benevolent
|
|
|
|
|
|
Corporation Cedar Community, Series 2017:
|
|
|
|
|
1,110
|
5.000%, 6/01/37
|
6/25 at 103.00
|
N/R
|
1,131,112
|
|
955
|
5.000%, 6/01/41
|
6/25 at 103.00
|
N/R
|
969,497
|
|
10,230
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ThedaCare
|
12/24 at 100.00
|
AA–
|
10,729,019
|
|
|
Inc., Series 2015, 5.000%, 12/15/44
|
|
|
|
|
|
Wisconsin State, General Fund Annual Appropriation Revenue Bonds, Refunding Series 2009A:
|
|
|
|
|
955
|
5.750%, 5/01/33 (Pre-refunded 5/01/19)
|
5/19 at 100.00
|
N/R (4)
|
973,441
|
|
9,115
|
5.750%, 5/01/33 (Pre-refunded 5/01/19)
|
5/19 at 100.00
|
Aa2 (4)
|
9,291,011
|
|
124,190
|
Total Wisconsin
|
|
|
129,208,764
|
Principal
|
|
Optional Call
|
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
|
Wyoming – 0.5% (0.3% of Total Investments)
|
|
|
|
|
$ 4,080
|
Campbell County, Wyoming Solid Waste Facilities Revenue Bonds, Basin Electric Power
|
7/19 at 100.00
|
A
|
$ 4,176,818
|
|
|
Cooperative – Dry Fork Station Facilities, Series 2009A, 5.750%, 7/15/39
|
|
|
|
|
9,626
|
Sweetwater County, Wyoming, Hospital Revenue Bonds, Memorial Hospital Project, Refunding
|
9/23 at 100.00
|
BB+
|
9,743,677
|
|
|
Series 2013A, 5.000%, 9/01/37
|
|
|
|
|
|
Teton County Hospital District, Wyoming, Hospital Revenue Bonds, St. John’s Medical Center
|
|
|
|
|
|
Project, Series 2011B:
|
|
|
|
|
2,000
|
5.500%, 12/01/27
|
12/21 at 100.00
|
A–
|
2,112,200
|
|
1,000
|
6.000%, 12/01/36
|
12/21 at 100.00
|
A–
|
1,068,150
|
|
16,706
|
Total Wyoming
|
|
|
17,100,845
|
|
$6,377,642
|
Total Municipal Bonds (cost $5,748,180,551)
|
|
|
6,011,562,329
|
|
||||||
Principal
|
|
|
|
|
|
|
Amount (000)
|
Description (1)
|
Coupon
|
Maturity
|
Ratings (3)
|
Value
|
|
|
CORPORATE BONDS – 0.0% (0.0% of Total Investments)
|
|
|
|
|
|
|
Transportation – 0.0% (0.0% of Total Investments)
|
|
|
|
|
|
$ 1,065
|
Las Vegas Monorail Company, Senior Interest Bonds, (9), (10)
|
5.500%
|
7/15/19
|
N/R
|
$693,504
|
|
299
|
Las Vegas Monorail Company, Senior Interest Bonds, (6), (9), (10)
|
5.500%
|
7/15/55
|
N/R
|
152,175
|
|
$ 1,364
|
Total Corporate Bonds (cost $66,654)
|
|
|
|
845,679
|
|
|
Total Long-Term Investments (cost $5,748,247,205)
|
|
|
|
6,012,408,008
|
|
|
Floating Rate Obligations – (2.8)%
|
|
|
|
(104,410,000)
|
|
|
MuniFund Term Preferred Shares, net of deferred offering costs – (25.7)% (11)
|
|
|
|
(957,134,850)
|
|
|
Variable Rate Demand Preferred Shares, net of deferred offering costs – (34.5)% (12)
|
|
|
|
(1,282,848,267)
|
|
|
Other Assets Less Liabilities – 1.4%
|
|
|
|
51,759,493
|
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
|
$3,719,774,384
|
NEA
|
Nuveen AMT-Free Quality Municipal Income Fund
Portfolio of Investments (continued) October 31, 2018
|
(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)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.
|
(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)
|
As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund’s records.
|
(8)
|
On July 1, 2017, the Fund’s Adviser determined it was unlikely that this borrower would fulfill its entire obligation on this security, and therefore reduced the security’s interest rate of accrual from 5.000% to 2.000%.
|
(9)
|
During January 2010, Las Vegas Monorail Company (“Las Vegas Monorail”) filed for federal bankruptcy protection. During March 2012, Las Vegas Monorail emerged from federal bankruptcy with the acceptance of a reorganization plan assigned by the Federal Bankruptcy Court. Under the reorganization plan, the Fund surrendered its Las Vegas Monorail Project Revenue Bonds, First Tier, Series 2000 and in turn received two senior interest corporate bonds: the first with an annual coupon rate of 5.500% maturing on July 15, 2019 and the second with an annual coupon rate of 3.000% (5.500% after December 31, 2015) maturing on July 15, 2055. The Fund was not accruing income for either senior interest corporate bond. On January 18, 2017, the Fund’s Adviser determined it was likely that this senior interest corporate bond would fulfill its obligation on the security maturing on July 15, 2019, and therefore began accruing income on the Fund’s records.
|
(10)
|
Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 2 – Investment Valuation and Fair Value Measurements for more information.
|
(11)
|
MuniFund Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 15.9%.
|
(12)
|
Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 21.3%.
|
144A
|
Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
|
ETM
|
Escrowed to maturity.
|
IF
|
Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.
|
PIK
|
Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period.
|
UB
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 – Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities for more information.
|
WI/DD
|
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
|
|
NAD
|
NEA
|
||||||
Assets
|
||||||||
Long-term investments, at value (cost $4,557,326,319 and $5,748,247,205, respectively)
|
$
|
4,733,154,753
|
$
|
6,012,408,008
|
||||
Cash
|
4,815,138
|
2,195,864
|
||||||
Receivable for:
|
||||||||
Dividends and interest
|
64,636,614
|
79,877,066
|
||||||
Investments sold
|
17,130,870
|
17,948,152
|
||||||
Other assets
|
1,340,734
|
2,053,923
|
||||||
Total assets
|
4,821,078,109
|
6,114,483,013
|
||||||
Liabilities
|
||||||||
Floating rate obligations
|
87,775,000
|
104,410,000
|
||||||
Payable for:
|
||||||||
Dividends
|
10,250,453
|
13,359,745
|
||||||
Interest
|
1,345,983
|
178,520
|
||||||
Investments purchased
|
25,626,104
|
32,071,442
|
||||||
MuniFund Term Preferred (“MFP”) Shares, net of deferred offering
|
||||||||
costs (liquidation preference $607,000,000 and $958,000,000, respectively)
|
606,625,146
|
957,134,850
|
||||||
Variable Rate MuniFund Term Preferred (“VMTP”) Shares, net of deferred offering
|
||||||||
costs (liquidation preference $545,500,000 and $—, respectively)
|
545,487,412
|
—
|
||||||
Variable Rate Demand Preferred (“VRDP”) Shares, net of deferred offering costs
|
||||||||
(liquidation preference $632,000,000 and $1,290,300,000, respectively)
|
629,553,840
|
1,282,848,267
|
||||||
Accrued expenses:
|
||||||||
Management fees
|
2,267,660
|
2,869,422
|
||||||
Trustees fees
|
853,607
|
1,120,383
|
||||||
Other
|
557,994
|
716,000
|
||||||
Total liabilities
|
1,910,343,199
|
2,394,708,629
|
||||||
Net assets applicable to common shares
|
$
|
2,910,734,910
|
$
|
3,719,774,384
|
||||
Common shares outstanding
|
201,864,367
|
262,720,647
|
||||||
Net asset value (“NAV”) per common share outstanding
|
$
|
14.42
|
$
|
14.16
|
||||
Net assets applicable to common shares consist of:
|
||||||||
Common shares, $0.01 par value per share
|
$
|
2,018,644
|
$
|
2,627,206
|
||||
Paid-in-surplus
|
2,778,314,665
|
3,509,359,804
|
||||||
Total distributable earnings
|
130,401,601
|
207,787,374
|
||||||
Net assets applicable to common shares
|
$
|
2,910,734,910
|
$
|
3,719,774,384
|
||||
Authorized shares:
|
||||||||
Common
|
Unlimited
|
Unlimited
|
||||||
Preferred
|
Unlimited
|
Unlimited
|
Statement of Operations
|
|
Year Ended October 31, 2018
|
|
|
NAD
|
NEA
|
||||||
Investment Income
|
$
|
209,824,335
|
$
|
268,138,438
|
||||
Expenses
|
||||||||
Management fees
|
27,194,531
|
34,242,711
|
||||||
Interest expense and amortization of offering costs
|
35,964,856
|
40,027,635
|
||||||
Liquidity fees
|
5,547,373
|
11,078,016
|
||||||
Remarketing fees
|
640,778
|
1,299,367
|
||||||
Custodian fees
|
492,266
|
591,806
|
||||||
Trustees fees
|
134,297
|
171,779
|
||||||
Professional fees
|
218,630
|
232,029
|
||||||
Shareholder reporting expenses
|
241,404
|
299,961
|
||||||
Shareholder servicing agent fees
|
126,892
|
142,785
|
||||||
Stock exchange listing fees
|
56,301
|
73,270
|
||||||
Investor relations expenses
|
124,310
|
156,913
|
||||||
Other
|
205,558
|
267,036
|
||||||
Total expenses
|
70,947,196
|
88,583,308
|
||||||
Net investment income (loss)
|
138,877,139
|
179,555,130
|
||||||
Realized and Unrealized Gain (Loss)
|
||||||||
Net realized gain (loss) from:
|
||||||||
Investments
|
(6,103,105
|
)
|
8,500,454
|
|||||
Swaps
|
—
|
1,220,000
|
||||||
Change in net unrealized appreciation (depreciation) of:
|
||||||||
Investments
|
(192,714,707
|
)
|
(251,685,230
|
)
|
||||
Swaps
|
—
|
1,158,822
|
||||||
Net realized and unrealized gain (loss)
|
(198,817,812
|
)
|
(240,805,954
|
)
|
||||
Net increase (decrease) in net assets applicable to common shares from operations
|
$
|
(59,940,673
|
)
|
$
|
(61,250,824
|
)
|
|
NAD
|
NEA
|
||||||||||||||
|
Year Ended
10/31/18
|
Year Ended(1)
10/31/17
|
Year Ended
10/31/18
|
Year Ended(1)
10/31/17
|
||||||||||||
Operations
|
||||||||||||||||
Net investment income (loss)
|
$
|
138,877,139
|
$
|
148,139,555
|
$
|
179,555,130
|
$
|
186,851,157
|
||||||||
Net realized gain (loss) from:
|
||||||||||||||||
Investments
|
(6,103,105
|
)
|
7,281,041
|
8,500,454
|
384,047
|
|||||||||||
Swaps
|
—
|
(97,584
|
)
|
1,220,000
|
5,855,000
|
|||||||||||
Change in net unrealized appreciation (depreciation) of:
|
||||||||||||||||
Investments
|
(192,714,707
|
)
|
(68,471,494
|
)
|
(251,685,230
|
)
|
(76,608,038
|
)
|
||||||||
Swaps
|
—
|
1,380,160
|
1,158,822
|
1,165,992
|
||||||||||||
Net increase (decrease) in net assets applicable to common shares
|
||||||||||||||||
from operations
|
(59,940,673
|
)
|
88,231,678
|
(61,250,824
|
)
|
117,648,158
|
||||||||||
Distributions to Common Shareholders(2)
|
||||||||||||||||
Dividends(3)
|
(139,137,258
|
)
|
(157,366,179
|
)
|
(178,160,720
|
)
|
(194,980,050
|
)
|
||||||||
Decrease in net assets applicable to common shares from distributions
|
||||||||||||||||
to common shareholders
|
(139,137,258
|
)
|
(157,366,179
|
)
|
(178,160,720
|
)
|
(194,980,050
|
)
|
||||||||
Capital Share Transactions
|
||||||||||||||||
Cost of shares repurchased and retired
|
(221,079
|
)
|
—
|
(675,211
|
)
|
—
|
||||||||||
Net increase (decrease) in net assets applicable to common shares from
|
||||||||||||||||
capital share transactions
|
(221,079
|
)
|
—
|
(675,211
|
)
|
—
|
||||||||||
Net increase (decrease) in net assets applicable to common shares
|
(199,299,010
|
)
|
(69,134,501
|
)
|
(240,086,755
|
)
|
(77,331,892
|
)
|
||||||||
Net assets applicable to common shares at the beginning of period
|
3,110,033,920
|
3,179,168,421
|
3,959,861,139
|
4,037,193,031
|
||||||||||||
Net assets applicable to common shares at the end of period
|
$
|
2,910,734,910
|
$
|
3,110,033,920
|
$
|
3,719,774,384
|
$
|
3,959,861,139
|
(1) |
Prior period amounts have been conformed to current year presentation. See Notes to Financial Statements, Note 9 – New Accounting Pronouncements for further details.
|
(2) |
The composition and per share amounts of the Funds’ distributions are presented in the Financial Highlights. The distribution information for the Fund as of its most recent tax year end is presented within the Notes to Financial Statements, Note 6 – Income Tax Information.
|
(3) |
For the fiscal year ended October 31, 2017 the Fund’s distributions to shareholders were paid from net investment income.
|
Statement of Cash Flows
|
|
Year Ended October 31, 2018
|
|
|
NAD
|
NEA
|
||||||
Cash Flows from Operating Activities:
|
||||||||
Net Increase (Decrease) in Net Assets Applicable to Common Shares from Operations
|
$
|
(59,940,673
|
)
|
$
|
(61,250,824
|
)
|
||
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
|
(1,192,933,814
|
)
|
(955,394,188
|
)
|
||||
Proceeds from sales and maturities of investments
|
969,544,209
|
664,988,997
|
||||||
Proceeds from (Purchases of) short-term investments, net
|
61,680,000
|
92,535,000
|
||||||
Payment-in-kind distributions
|
(35,123
|
)
|
(10,767
|
)
|
||||
Taxes paid
|
(34,903
|
)
|
(42,219
|
)
|
||||
Amortization (Accretion) of premiums and discounts, net
|
(6,442,491
|
)
|
(19,267,309
|
)
|
||||
Amortization of deferred offering costs
|
262,685
|
521,590
|
||||||
(Increase) Decrease in:
|
||||||||
Receivable for dividends and interest
|
(2,068,650
|
)
|
(3,795,730
|
)
|
||||
Receivable for investments sold
|
(6,378,619
|
)
|
466,848
|
|||||
Other assets
|
(110,347
|
)
|
(118,533
|
)
|
||||
Increase (Decrease) in:
|
||||||||
Payable for interest
|
(171,248
|
)
|
(1,034,772
|
)
|
||||
Payable for investments purchased
|
15,692,665
|
22,679,366
|
||||||
Accrued management fees
|
(27,477
|
)
|
(34,220
|
)
|
||||
Accrued Trustees fees
|
79,993
|
106,213
|
||||||
Accrued other expenses
|
(130,908
|
)
|
(445,034
|
)
|
||||
Net realized (gain) loss from investments
|
6,103,105
|
(8,500,454
|
)
|
|||||
Change in net unrealized appreciation (depreciation) of:
|
||||||||
Investments
|
192,714,707
|
251,685,230
|
||||||
Swaps
|
—
|
(1,158,822
|
)
|
|||||
Net cash provided by (used in) operating activities
|
(22,196,889
|
)
|
(18,069,628
|
)
|
||||
Cash Flows from Financing Activities:
|
||||||||
Proceeds from MFP Shares issued, at liquidation preference
|
607,000,000
|
958,000,000
|
||||||
(Payments for) VMTP Shares redeemed, at liquidation preference
|
(407,000,000
|
)
|
(773,000,000
|
)
|
||||
(Payments for) deferred offering costs
|
(305,000
|
)
|
(890,000
|
)
|
||||
Increase (Decrease) in:
|
||||||||
Floating rate obligations
|
(32,505,000
|
)
|
15,560,000
|
|||||
Cash distributions paid to common shareholders
|
(140,375,084
|
)
|
(179,245,556
|
)
|
||||
Cost of common shares repurchased and retired
|
(221,079
|
)
|
(675,211
|
)
|
||||
Net cash provided by (used in) financing activities
|
26,593,837
|
19,749,233
|
||||||
Net Increase (Decrease) in Cash
|
4,396,948
|
1,679,605
|
||||||
Cash at the beginning of period
|
418,190
|
516,259
|
||||||
Cash at the end of period
|
$
|
4,815,138
|
$
|
2,195,864
|
Supplemental Disclosure of Cash Flow Information
|
NAD
|
NEA
|
||||||
Cash paid for interest (excluding amortization of offering costs)
|
$
|
35,776,841
|
$
|
40,501,148
|
Financial Highlights
|
|
|
|
|
Selected data for a common share outstanding throughout each period:
|
|
|
Investment Operations
|
Less Distributions
to Common Shareholders
|
Common Share
|
|||||||||||||||||||||||||||||||||||||
|
Beginning
Common
Share
NAV
|
Net
Investment
Income
(Loss)
|
Net
Realized/
Unrealized
Gain (Loss)
|
Total
|
From
Net
Investment
Income
|
From
Accumu-
lated Net
Realized
Gains
|
Total
|
Discount
per
Share
Repurchased
and Retired
|
Ending
NAV
|
Ending
Share
Price
|
||||||||||||||||||||||||||||||
NAD
|
||||||||||||||||||||||||||||||||||||||||
Year Ended 10/31:
|
||||||||||||||||||||||||||||||||||||||||
2018
|
$
|
15.41
|
$
|
0.69
|
$
|
(0.99
|
)
|
$
|
(0.30
|
)
|
$
|
(0.69
|
)
|
$
|
—
|
$
|
(0.69
|
)
|
$
|
—
|
*
|
$
|
14.42
|
$
|
12.41
|
|||||||||||||||
2017
|
15.75
|
0.73
|
(0.29
|
)
|
0.44
|
(0.78
|
)
|
—
|
(0.78
|
)
|
—
|
15.41
|
13.86
|
|||||||||||||||||||||||||||
2016
|
15.44
|
0.71
|
0.45
|
1.16
|
(0.85
|
)
|
—
|
(0.85
|
)
|
—
|
15.75
|
14.19
|
||||||||||||||||||||||||||||
2015
|
15.64
|
0.84
|
(0.17
|
)
|
0.67
|
(0.87
|
)
|
—
|
(0.87
|
)
|
—
|
15.44
|
14.05
|
|||||||||||||||||||||||||||
2014
|
14.42
|
0.87
|
1.25
|
2.12
|
(0.90
|
)
|
—
|
(0.90
|
)
|
—
|
15.64
|
14.16
|
||||||||||||||||||||||||||||
NEA
|
||||||||||||||||||||||||||||||||||||||||
Year Ended 10/31:
|
||||||||||||||||||||||||||||||||||||||||
2018
|
15.07
|
0.68
|
(0.91
|
)
|
(0.23
|
)
|
(0.68
|
)
|
—
|
(0.68
|
)
|
—
|
*
|
14.16
|
12.13
|
|||||||||||||||||||||||||
2017
|
15.36
|
0.71
|
(0.26
|
)
|
0.45
|
(0.74
|
)
|
—
|
(0.74
|
)
|
—
|
15.07
|
13.57
|
|||||||||||||||||||||||||||
2016
|
14.82
|
0.72
|
0.58
|
1.30
|
(0.76
|
)
|
—
|
(0.76
|
)
|
—
|
15.36
|
13.75
|
||||||||||||||||||||||||||||
2015
|
15.13
|
0.77
|
(0.28
|
)
|
0.49
|
(0.80
|
)
|
—
|
(0.80
|
)
|
—
|
14.82
|
13.26
|
|||||||||||||||||||||||||||
2014
|
13.73
|
0.79
|
1.43
|
2.22
|
(0.82
|
)
|
—
|
(0.82
|
)
|
—
|
15.13
|
13.75
|
(a)
|
Total Return Based on Common Share NAV is the combination of changes in common share NAV, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending NAV. The actual reinvest price for the last dividend declared in the period may often be based on the Fund’s market price (and not its NAV), and therefore may be different from the price used in the calculation. Total returns are not annualized.
|
Total Return Based on Common Share Price is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total returns are not annualized.
|
Common Share Supplemental Data/
Ratios Applicable to Common Shares
|
||||||||||||||||||||||
Common Share
|
||||||||||||||||||||||
Total Returns
|
Ratios to Average Net Assets(b)
|
|||||||||||||||||||||
Based
|
||||||||||||||||||||||
Based
|
on
|
Ending
|
Net
|
Portfolio
|
||||||||||||||||||
on
|
Share
|
Net
|
Investment
|
Turnover
|
||||||||||||||||||
NAV(a)
|
Price(a)
|
Assets (000)
|
Expenses(c)
|
Income (Loss)
|
Rate(d)
|
|||||||||||||||||
(2.03
|
)%
|
(5.69
|
)%
|
$
|
2,910,735
|
2.34
|
%
|
4.57
|
%
|
20
|
%
|
|||||||||||
3.01
|
3.26
|
3,110,034
|
1.95
|
4.84
|
18
|
|||||||||||||||||
7.54
|
6.88
|
3,179,168
|
1.90
|
4.64
|
11
|
|||||||||||||||||
4.43
|
5.57
|
606,607
|
1.41
|
5.41
|
15
|
|||||||||||||||||
15.19
|
17.10
|
614,452
|
1.73
|
5.82
|
9
|
|||||||||||||||||
(1.62
|
)
|
(5.84
|
)
|
3,719,774
|
2.29
|
4.63
|
11
|
|||||||||||||||
3.16
|
4.21
|
3,959,861
|
1.94
|
4.80
|
15
|
|||||||||||||||||
8.84
|
9.33
|
4,037,193
|
1.77
|
4.59
|
12
|
|||||||||||||||||
3.38
|
2.30
|
1,168,847
|
1.46
|
5.16
|
18
|
|||||||||||||||||
16.58
|
18.31
|
1,193,109
|
1.60
|
5.48
|
13
|
(b)
|
Net Investment Income (Loss) ratios reflect income earned and expenses incurred on assets attributable to preferred shares issued by the Fund.
|
(c)
|
The expense ratios reflect, among other things, all interest expense and other costs related to preferred shares (as described in Note 4 – Fund Shares, Preferred Shares) and/or the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund (as described in Note 3 – Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities), where applicable, as follows:
|
NAD
|
|
NEA
|
|
|
Year Ended 10/31:
|
|
Year Ended 10/31:
|
|
|
2018
|
1.39%
|
2018
|
1.35%
|
|
2017
|
1.00
|
2017
|
1.00
|
|
2016
|
0.90
|
2016
|
0.78
|
|
2015
|
0.47
|
2015
|
0.50
|
|
2014
|
0.75
|
2014
|
0.61
|
(d)
|
Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 5 – Investment Transactions) divided by the average long-term market value during the period.
|
*
|
Rounds to less than $0.01 per share.
|
Financial Highlights (continued)
|
|
|
MFP Shares
at the End of Period
|
MTP Shares
at the End of Period(a)
|
VMTP Shares
at the End of Period
|
VRDP Shares
at the End of Period
|
MFP, MTP,
VMTP and/or
VRDP Shares
at the End
of Period
|
|||||||||||||||||||||||||||||||
|
Aggregate
Amount
Outstanding
(000)
|
Asset
Coverage
Per $100,000
Share
|
Aggregate
Amount
Outstanding
(000)
|
Asset
Coverage
Per $10
Share
|
Aggregate
Amount
Outstanding
(000)
|
Asset
Coverage
Per $100,000
Share
|
Aggregate
Amount
Outstanding
(000)
|
Asset
Coverage
Per $100,000
Share
|
Asset
Coverage
Per $1
Liquidation
Preference
|
|||||||||||||||||||||||||||
NAD
|
||||||||||||||||||||||||||||||||||||
Year Ended 10/31:
|
||||||||||||||||||||||||||||||||||||
2018
|
$
|
607,000
|
$
|
263,112
|
$
|
—
|
$
|
—
|
$
|
545,500
|
$
|
263,112
|
$
|
632,000
|
$
|
263,112
|
$
|
2.63
|
||||||||||||||||||
2017
|
—
|
—
|
—
|
—
|
952,500
|
296,279
|
632,000
|
296,279
|
2.96
|
|||||||||||||||||||||||||||
2016
|
—
|
—
|
—
|
—
|
952,500
|
300,642
|
632,000
|
300,642
|
3.01
|
|||||||||||||||||||||||||||
2015
|
—
|
—
|
—
|
—
|
265,000
|
328,908
|
—
|
—
|
—
|
|||||||||||||||||||||||||||
2014
|
—
|
—
|
—
|
—
|
265,000
|
331,869
|
—
|
—
|
—
|
|||||||||||||||||||||||||||
NEA
|
||||||||||||||||||||||||||||||||||||
Year Ended 10/31:
|
||||||||||||||||||||||||||||||||||||
2018
|
958,000
|
265,448
|
—
|
—
|
—
|
—
|
1,290,300
|
265,448
|
2.65
|
|||||||||||||||||||||||||||
2017
|
—
|
—
|
—
|
—
|
773,000
|
291,919
|
1,290,300
|
291,919
|
2.92
|
|||||||||||||||||||||||||||
2016
|
—
|
—
|
—
|
—
|
773,000
|
295,667
|
1,290,300
|
295,667
|
2.96
|
|||||||||||||||||||||||||||
2015
|
—
|
—
|
—
|
—
|
151,000
|
333,349
|
349,900
|
333,349
|
3.33
|
|||||||||||||||||||||||||||
2014
|
—
|
—
|
—
|
—
|
151,000
|
338,193
|
349,900
|
338,193
|
3.38
|
(a)
|
The Ending and Average Market Value Per Share for each Series of the Fund’s MTP Shares outstanding were as follows:
|
|
2014
|
|||
NAD
|
||||
Series 2015 (NAD PRC)
|
||||
Ending Market Value per Share
|
$
|
—
|
||
Average Market Value per Share
|
10.04
|
^ | ||
NEA
|
||||
Series 2015 (NEA PRCCL)
|
||||
Ending Market Value per Share
|
$
|
—
|
||
Average Market Value per Share
|
10.05
|
^ |
^
|
For the period November 1, 2013 through December 20, 2013.
|
|
NAD
|
NEA
|
||||||
Outstanding when-issued/delayed delivery purchase commitments
|
$
|
19,892,909
|
$
|
9,025,595
|
NAD
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Long-Term Investments:
|
||||||||||||||||
Municipal Bonds*
|
$
|
—
|
$
|
4,732,091,449
|
$
|
—
|
$
|
4,732,091,449
|
||||||||
Corporate Bonds**
|
—
|
—
|
576,053
|
***
|
576,053
|
|||||||||||
Investment Companies
|
487,251
|
—
|
—
|
487,251
|
||||||||||||
Total
|
$
|
487,251
|
$
|
4,732,091,449
|
$
|
576,053
|
$
|
4,733,154,753
|
||||||||
NEA
|
||||||||||||||||
Long-Term Investments:
|
||||||||||||||||
Municipal Bonds*
|
$
|
—
|
$
|
6,011,562,329
|
$
|
—
|
$
|
6,011,562,329
|
||||||||
Corporate Bonds**
|
—
|
—
|
845,679
|
***
|
845,679
|
|||||||||||
Total
|
$
|
—
|
$
|
6,011,562,329
|
$
|
845,679
|
$
|
6,012,408,008
|
*
|
Refer to the Fund’s Portfolio of Investments for state classifications.
|
**
|
Refer to the Fund’s Portfolio of Investments for industry classifications.
|
***
|
Refer to the Fund’s Portfolio of Investments for securities classified as Level 3.
|
Floating Rate Obligations Outstanding
|
NAD
|
NEA
|
||||||
Floating rate obligations: self-deposited Inverse Floaters
|
$
|
87,775,000
|
$
|
104,410,000
|
||||
Floating rate obligations: externally-deposited Inverse Floaters
|
61,720,000
|
121,350,000
|
||||||
Total
|
$
|
149,495,000
|
$
|
225,760,000
|
Self-Deposited Inverse Floaters
|
NAD
|
NEA
|
||||||
Average floating rate obligations outstanding
|
$
|
107,467,671
|
$
|
90,896,356
|
||||
Average annual interest rate and fees
|
1.90
|
%
|
1.91
|
%
|
Floating Rate Obligations — Recourse Trusts
|
NAD
|
NEA
|
||||||
Maximum exposure to Recourse Trusts: self-deposited Inverse Floaters
|
$
|
61,345,000
|
$
|
73,705,000
|
||||
Maximum exposure to Recourse Trusts: externally-deposited Inverse Floaters
|
30,165,000
|
52,725,000
|
||||||
Total
|
$
|
91,510,000
|
$
|
126,430,000
|
|
NEA
|
|||
Average notional amount of interest rate swap contracts outstanding*
|
$
|
32,800,000
|
* | The average notional amount is calculated based on the outstanding notional at the beginning of the current fiscal period and at the end of each fiscal quarter within the current fiscal period. |
Fund
|
Underlying
Risk Exposure
|
Derivative
Instrument
|
Net Realized
Gain (Loss) from
Swaps
|
Change in Net Unrealized
Appreciation (Depreciation) of
Swaps
|
NEA
|
Interest rate
|
Swaps
|
1,220,000
|
1,158,822
|
|
NAD
|
NEA
|
||||||||||||||
|
Year
Ended
10/31/18
|
Year
Ended
10/31/17
|
Year
Ended
10/31/18
|
Year
Ended
10/31/17
|
||||||||||||
Common shares:
|
||||||||||||||||
Repurchased and retired
|
(17,900
|
)
|
—
|
(55,700
|
)
|
—
|
||||||||||
Weighted average common share:
|
||||||||||||||||
Price per share repurchased and retired
|
$
|
12.33
|
—
|
$
|
12.10
|
—
|
||||||||||
Discount per share repurchased and retired
|
14.96
|
%
|
—
|
14.89
|
%
|
—
|
•
|
Variable Rate Remarketed Mode (“VRRM”) – Dividends for MFP Shares within this mode will be established by a remarketing agent; therefore, market value of the MFP Shares is expected to approximate its liquidation preference. Shareholders have the ability to request a best-efforts tender of its shares upon seven days notice. If the remarketing agent is unable to identify an alternative purchaser, the shares will be retained by the shareholder requesting tender and the subsequent dividend rate will increase to its step-up dividend rate. If after one consecutive year of unsuccessful remarketing attempts, the Fund will be required to designate an alternative mode or redeem the shares.
|
•
|
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 enable its shareholders to require a liquidity provider, which the Fund has entered into a contractual agreement, to purchase shares in the event that the shares are not able to be successfully remarketed. In the event that shares within this mode are unable to be successfully remarketed and are purchased by the liquidity provider, the dividend rate will be the maximum rate which is designed to escalate according to a specified schedule in order to enhance the remarketing agent’s ability to successfully remarket the shares. Each Fund is required redeem any shares that are still owned by a liquidity provider after six months of continuous, unsuccessful remarketing.
|
Fund
|
Series
|
Shares
Outstanding
|
Liquidation
Preference
|
Term
Redemption Date
|
Mode
|
Mode
Termination Date
|
NAD
|
A
|
6,070
|
$607,000,000
|
1/03/28
|
VRM
|
1/03/28*
|
NEA
|
A
|
1,850
|
$185,000,000
|
2/03/48
|
VRM
|
2/03/48*
|
|
B
|
5,350
|
535,000,000
|
3/02/28
|
VRM
|
3/02/28*
|
|
C
|
2,380
|
238,000,000
|
3/02/28
|
VRM
|
3/02/28*
|
*
|
Subject to earlier termination by either the Fund or the holder.
|
|
NAD**
|
NEA***
|
||||||
Average liquidation preference of MFP Shares outstanding
|
$
|
607,000,000
|
$
|
815,605,263
|
||||
Annualized dividend rate
|
2.11
|
%
|
2.20
|
%
|
**
|
For the period January 29, 2018 (first issuance of shares) through October 31,2018.
|
***
|
For the period February 8, 2018 (first issuance of shares) through October 31,2018.
|
|
|
Shares
|
Liquidation
|
Fund
|
Series
|
Outstanding
|
Preference
|
NAD
|
2019-1
|
2,085
|
$208,500,000
|
|
2019
|
3,370
|
337,000,000
|
|
|
Term
|
Premium
|
Fund
|
Series
|
Redemption Date
|
Expiration Date
|
NAD
|
2019-1
|
November 1, 2019
|
September 30, 2017
|
|
2019
|
August 1, 2019
|
June 30, 2017
|
|
NAD
|
NEA*
|
||||||
Average liquidation preference of VMTP Shares outstanding
|
$
|
644,741,096
|
$
|
773,000,000
|
||||
Annualized dividend rate
|
2.27
|
%
|
2.07
|
%
|
*
|
For the period November 1, 2017 through March 29, 2018. |
|
|
Shares
|
Liquidation
|
|
Fund
|
Series
|
Outstanding
|
Preference
|
Maturity
|
NAD
|
1
|
2,368
|
$236,800,000
|
September 11, 2026
|
|
2
|
2,675
|
$267,500,000
|
September 11, 2026
|
|
3
|
1,277
|
$127,700,000
|
September 11, 2026
|
NEA
|
1
|
2,190
|
$219,000,000
|
June 1, 2040
|
|
2
|
1,309
|
$130,900,000
|
December 1, 2040
|
|
3
|
3,509
|
$350,900,000
|
March 1, 2040
|
|
4
|
4,895
|
$489,500,000
|
September 11, 2026
|
|
5
|
1,000
|
$100,000,000
|
October 1, 2046
|
|
NAD
|
NEA
|
||||||
Average liquidation preference of VRDP Shares outstanding
|
$
|
632,000,000
|
$
|
1,290,300,000
|
||||
Annualized dividend rate
|
1.47
|
%
|
1.41
|
%
|
|
Year Ended
|
||
|
October 31, 2018
|
||
NAD
|
Series
|
Shares
|
Amount
|
MFP Shares issued
|
A
|
6,070
|
$607,000,000
|
|
Year Ended
|
||
|
October 31, 2018
|
||
NEA
|
Series
|
Shares
|
Amount
|
MFP Shares issued
|
A
|
1,850
|
$185,000,000
|
|
B
|
5,350
|
535,000,000
|
|
C
|
2,380
|
238,000,000
|
Net increase (decrease)
|
|
9,580
|
$958,000,000
|
|
Year Ended
|
||
|
October 31, 2018
|
||
NAD
|
Series
|
Shares
|
Amount
|
VMTP Shares redeemed
|
2018
|
(4,070)
|
$(407,000,000)
|
|
Year Ended
|
||
|
October 31, 2018
|
||
NEA
|
Series
|
Shares
|
Amount
|
VMTP Shares redeemed
|
2019
|
(2,380)
|
$(238,000,000)
|
|
2018
|
(5,350)
|
(535,000,000)
|
Net increase (decrease)
|
|
(7,730)
|
$(773,000,000)
|
|
NAD
|
NEA
|
||||||
Purchases
|
$
|
1,192,933,669
|
$
|
955,394,188
|
||||
Sales and maturities
|
969,544,209
|
664,988,997
|
|
NAD
|
NEA
|
||||||
Tax cost of investments
|
$
|
4,464,099,379
|
$
|
5,635,202,564
|
||||
Gross unrealized:
|
||||||||
Appreciation
|
$
|
219,827,588
|
$
|
313,257,353
|
||||
Depreciation
|
(38,546,640
|
)
|
(40,462,404
|
)
|
||||
Net unrealized appreciation (depreciation) of investments
|
$
|
181,280,948
|
$
|
272,794,949
|
|
NAD
|
NEA
|
||||||
Undistributed net tax-exempt income1
|
$
|
348,904
|
$
|
1,712,028
|
||||
Undistributed net ordinary income2
|
562,276
|
1,519,642
|
||||||
Undistributed net long-term capital gains
|
—
|
—
|
1
|
Undistributed net tax-exempt income (on a tax basis) has not been reduced for the dividend declared on October 1, 2018, and paid on November 1, 2018. |
2
|
Net ordinary income consists of taxable market discount income and net short-term capital gains, if any. |
2018
|
NAD
|
NEA
|
||||||
Distributions from net tax-exempt income3
|
$
|
173,386,092
|
$
|
217,103,284
|
||||
Distributions from net ordinary income2
|
951,380
|
1,182,494
|
||||||
Distributions from net long-term capital gains
|
—
|
—
|
||||||
2017
|
NAD
|
NEA
|
||||||
Distributions from net tax-exempt income
|
$
|
181,705,862
|
$
|
222,447,569
|
||||
Distributions from net ordinary income2
|
—
|
—
|
||||||
Distributions from net long-term capital gains
|
—
|
—
|
2
|
Net ordinary income consists of taxable market discount income and net short-term capital gains, if any.
|
3
|
The Funds hereby designate these amounts paid during the fiscal year ended October 31, 2018, as Exempt Interest Dividends.
|
|
NAD4
|
NEA4
|
||||||
Not subject to expiration:
|
||||||||
Short-term
|
$
|
26,606,543
|
$
|
21,964,832
|
||||
Long-term
|
13,193,467
|
32,217,521
|
||||||
Total
|
$
|
39,800,010
|
$
|
54,182,353
|
4
|
A portion of NAD’s and NEA’s capital loss carryforwards are subject to an annual limitation under the Internal Revenue Code and related regulations.
|
|
NAD
|
NEA
|
||||||
Expired capital loss carryforwards
|
$
|
76,136
|
$
|
3,341,464
|
Averaged Daily Managed Assets*
|
Fund-Level Fee Rate
|
|||
For the first $125 million
|
0.4500
|
%
|
||
For the next $125 million
|
0.4375
|
|||
For the next $250 million
|
0.4250
|
|||
For the next $500 million
|
0.4125
|
|||
For the next $1 billion
|
0.4000
|
|||
For the next $3 billion
|
0.3750
|
|||
For managed assets over $5 billion
|
0.3625
|
Complex-Level Eligible Asset Breakpoint Level*
|
Effective Complex-Level Fee Rate at Breakpoint Level
|
|||
$55 billion
|
0.2000
|
%
|
||
$56 billion
|
0.1996
|
|||
$57 billion
|
0.1989
|
|||
$60 billion
|
0.1961
|
|||
$63 billion
|
0.1931
|
|||
$66 billion
|
0.1900
|
|||
$71 billion
|
0.1851
|
|||
$76 billion
|
0.1806
|
|||
$80 billion
|
0.1773
|
|||
$91 billion
|
0.1691
|
|||
$125 billion
|
0.1599
|
|||
$200 billion
|
0.1505
|
|||
$250 billion
|
0.1469
|
|||
$300 billion
|
0.1445
|
*
|
For the complex-level fees, managed assets include closed-end fund assets managed by the Adviser that are attributable to certain types of leverage. For these purposes, leverage includes the funds’ use of preferred stock and borrowings and certain investments in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively financed by the trust’s issuance of floating rate securities, subject to an agreement by the Adviser as to certain funds to limit the amount of such assets for determining managed assets in certain circumstances. The complex-level fee is calculated based upon the aggregate daily managed assets of all Nuveen open-end and closed-end funds that constitute “eligible assets.” Eligible assets do not include assets attributable to investments in other Nuveen funds or assets in excess of a determined amount (originally $2 billion) added to the Nuveen fund complex in connection with the Adviser’s assumption of the management of the former First American Funds effective January 1, 2011. As of October 31, 2018, the complex-level fee for each Fund was 0.1595%. |
Inter-Fund Trades
|
NAD
|
NEA
|
||||||
Purchases
|
$
|
46,769,282
|
$
|
57,001,641
|
||||
Sales
|
47,389,825
|
67,130,455
|
|
NEA
|
|||
Maximum outstanding balance
|
$
|
30,100,000
|
|
NEA
|
|||
Average daily balance outstanding
|
$
|
19,194,307
|
||
Average annual interest rate
|
2.57
|
%
|
|
NAD
|
NEA
|
||||||
UNII at the end of period
|
$
|
(5,263,305
|
)
|
$
|
(3,720,891
|
)
|
Board of Trustees
|
|
|
|
|
|
Margo Cook*
|
Jack B. Evans
|
William C. Hunter
|
Albin F. Moschner
|
John K. Nelson
|
William J. Schneider**
|
Judith M. Stockdale
|
Carole E. Stone
|
Terence J. Toth
|
Margaret L. Wolff
|
Robert L. Young
|
|
*
|
Interested Board Member.
|
**
|
Retired from the Funds’ Board of Trustees effective December 31, 2018.
|
Fund Manager
|
Custodian
|
Legal Counsel
|
Independent Registered
|
Transfer Agent and
|
Nuveen Fund Advisors, LLC
|
State Street Bank
|
Chapman and Cutler LLP
|
Public Accounting Firm
|
Shareholder Services
|
333 West Wacker Drive
|
& Trust Company
|
Chicago, IL 60603
|
KPMG LLP
|
Computershare Trust
|
Chicago, IL 60606
|
One Lincoln Street
|
|
200 East Randolph Street
|
Company, N.A.
|
|
Boston, MA 02111
|
|
Chicago, IL 60601
|
250 Royall Street
|
|
|
|
|
Canton, MA 02021
|
|
|
|
|
(800) 257-8787
|
|
NAD
|
NEA
|
Common shares repurchased
|
17,900
|
55,700
|
■
|
Auction Rate Bond: An auction rate bond is a security whose interest payments are adjusted periodically through an auction process, which process typically also serves as a means for buying and selling the bond. Auctions that fail to attract enough buyers for all the shares offered for sale are deemed to have “failed,” with current holders receiving a formula-based interest rate until the next scheduled auction.
|
■
|
Average Annual Total Return: This is a commonly used method to express an investment’s performance over a particular, usually multi-year time period. It expresses the return that would have been necessary each year to equal the investment’s actual cumula- tive performance (including change in NAV or market price and reinvested dividends and capital gains distributions, if any) over the time period being considered.
|
■
|
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.
|
■
|
Forward Interest Rate Swap: A contractual agreement between two counterparties under which one party agrees to make peri- odic payments to the other for an agreed period of time based on a fixed rate, while the other party agrees to make periodic payments based on a floating rate of interest based on an underlying index. Alternatively, both series of cash flows to be exchanged could be calculated using floating rates of interest but floating rates that are based upon different underlying indexes.
|
■
|
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, also known as inverse floaters or tender option bonds (TOBs), are created by depositing a municipal bond, typically with a fixed interest rate, into a special purpose trust. This trust, in turn, (a) issues floating rate certificates typically paying short-term tax-exempt interest rates to third parties in amounts equal to some fraction of the deposited bond’s par amount or market value, and (b) issues an inverse floating rate certificate (sometimes referred to as an “inverse floater”) to an investor (such as a fund) interested in gaining investment exposure to a long-term municipal bond. The income received by the holder of the inverse floater varies inversely with the short-term rate paid to the floating rate certificates’ holders, and in most circumstances the holder of the inverse floater bears substantially all of the under- lying bond’s downside investment risk. The holder of the inverse floater typically also benefits disproportionately from any potential appreciation of the underlying bond’s value. Hence, an inverse floater essentially represents an investment in the underlying bond on a leveraged basis.
|
■
|
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 and NEA Custom Blended Fund Performance Benchmark: The Fund Performance Benchmark is an unleveraged index consisting of the returns of the S&P Municipal Bond Index prior to 9/12/16 and thereafter the returns of an 80%/20% blend of the S&P Municipal Bond Investment Grade Index and the S&P Municipal Bond High Yield Index, respectively. The S&P Municipal Bond Index is an unmanaged, market value-weighted index designed to measure the performance of tax-exempt municipal bonds. The S&P Municipal Bond Investment Grade Index is an unmanaged, market value-weighted index designed to measure the perform- ance of tax-exempt municipal bonds rated investment grade by Standard & Poor’s, Moody’s and/or Fitch. The S&P Municipal Bond High Yield Index is an unmanaged, market value-weighted index designed to measure the performance of the tax-exempt, high yield municipal bonds. Index returns assume compounding and do not include the effects of any fees or expenses.
|
■
|
Net Asset Value (NAV) Per Share: A fund’s Net Assets is equal to its total assets (securities, cash, accrued earnings and receiv- ables) less its total liabilities. NAV per share is equal to the fund’s Net Assets divided by its number of shares outstanding.
|
■
|
Pre-Refunding: Pre-Refunding, also known as advanced refundings or refinancings, is a procedure used by state and local governments to refinance municipal bonds to lower interest expenses. The issuer sells new bonds with a lower yield and uses the proceeds to buy U.S. Treasury securities, the interest from which is used to make payments on the higher-yielding bonds. Because of this collateral, pre-refunding generally raises a bond’s credit rating and thus its value.
|
■
|
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 Index: An unleveraged, market value-weighted index designed to measure the performance of the tax-exempt, investment-grade U.S. municipal bond market. Index returns assume reinvestment of distributions, but do not reflect any applicable sales charges or management fees.
|
■
|
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.
|
•
|
Fund Rationalizations – continuing efforts to rationalize the product line through mergers, liquidations and repositionings in seeking to enhance shareholder value over the years through increased efficiency, reduced costs, improved performance and revised investment approaches more relevant to current shareholder needs;
|
•
|
Product Innovations – developing product innovations and launching new products that will help the Nuveen fund complex offer a variety of products that will attract new investors and retain existing investors, such as launching the target term funds, exchange-traded funds (“ETFs”) and multi-asset class funds;
|
•
|
Risk Management Enhancements – continuing efforts to enhance risk management, including enhancing reporting to increase the efficiency of risk monitoring, implementing programs to strengthen the ability to detect and mitigate operational risks, dedicating resources and staffing necessary to create standards to help ensure compliance with new liquidity requirements, and implementing a price verification system;
|
•
|
Additional Compliance Services – the continuing investment of significant resources, time and additional staffing to meet the various new regulatory requirements affecting the Nuveen funds over the past several years, the further implementation of unified compliance policies and processes, the development of additional compliance training modules, and the reorganization of the compliance team adding further depth to its senior leadership;
|
•
|
Expanded Dividend Management Services – as the Nuveen fund complex has grown, the additional services necessary to manage the distributions of the varied funds offered and investing in automated systems to assist in this process; and
|
•
|
with respect specifically to closed-end funds, such initiatives also included:
|
••
|
Leverage Management Services – continuing activities to expand financing relationships and develop new product structures to lower fund leverage expenses and to manage associated risks, particularly in an interest rate increasing environment;
|
••
|
Capital Management Services – continuing capital management activities through the share repurchase program and additional equity offerings in seeking to increase net asset value and/or improve fund performance for the respective Nuveen funds;
|
••
|
Data and Market Analytics – continuing development of databases that help with obtaining and analyzing ownership data of closed-end funds;
|
••
|
Enhanced Secondary Market Reporting – providing enhanced reporting and commentary on the secondary market trading of closed-end funds which permit more efficient analysis of the performance of the Nuveen funds compared to peers and of trends in the marketplace; and
|
••
|
Tender Option Bond Services – providing the additional support services necessary for Nuveen funds that seek to use tender option bonds to meet new regulatory requirements.
|
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 (2008-2017);
|
|
1959
|
|
|
Director, Fulcrum IT Service LLC (since 2010) and Quality Control
|
|
333 W. Wacker Drive
|
Chairman and
|
2008
|
Corporation (since 2012); member: Catalyst Schools of Chicago Board
|
169
|
Chicago, IL 6o6o6
|
Board Member
|
Class II
|
(since 2008) and Mather Foundation Board (since 2012), and chair of
|
|
|
|
|
its Investment Committee; formerly, Director, Legal & General Investment
|
|
|
|
|
Management America, Inc. (2008-2013); formerly, CEO and President,
|
|
|
|
|
Northern Trust Global Investments (2004-2007): Executive Vice President,
|
|
|
|
|
Quantitative Management & Securities Lending (2000-2004); prior thereto,
|
|
|
|
|
various positions with Northern Trust Company (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
|
|
|
President, The Hall-Perrine Foundation, a private philanthropic
|
|
1948
|
|
|
corporation (since 1996); Director and Chairman, United Fire
|
|
333 W. Wacker Drive
|
Board Member
|
1999
|
Group, a publicly held company; Director, Public Member, American
|
169
|
Chicago, IL 6o6o6
|
|
Class III
|
Board of Orthopaedic Surgery (since 2015); Life Trustee of Coe College
|
|
|
|
|
and the Iowa College Foundation; formerly, President Pro-Tem of the
|
|
|
|
|
Board of Regents for the State of Iowa University System; formerly,
|
|
|
|
|
Director, Alliant Energy and The Gazette Company; formerly, Director,
|
|
|
|
|
Federal Reserve Bank of Chicago; formerly, President and Chief Operating
|
|
|
|
|
Officer, SCI Financial Group, Inc., a regional financial services firm.
|
|
|
||||
■ WILLIAM C. HUNTER
|
|
|
Dean Emeritus, formerly, Dean, Tippie College of Business, University
|
|
1948
|
|
|
of Iowa (2006-2012); Director of Wellmark, Inc. (since 2009); past Director
|
|
333 W. Wacker Drive
|
Board Member
|
2003
|
(2005-2015), and past President (2010-2014) Beta Gamma Sigma, Inc.,
|
169
|
Chicago, IL 6o6o6
|
|
Class I
|
The International Business Honor Society; formerly, Director (2004-2018)
|
|
|
|
|
of Xerox Corporation; 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.
|
|
|
||||
■ ALBIN F. MOSCHNER
|
|
|
Founder and Chief Executive Officer, Northcroft Partners, LLC, a
|
|
1952
|
|
|
management consulting firm (since 2012); Director, USA Technologies, Inc.,
|
|
333 W. Wacker Drive
|
Board Member
|
2016
|
a provider of solutions and services to facilitate electronic payment
|
169
|
Chicago, IL 6o6o6
|
|
Class III
|
transactions (since 2012); formerly, Director, Wintrust Financial
|
|
|
|
|
Corporation (1996-2016); previously, held positions at Leap Wireless
|
|
|
|
|
International, Inc., 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 (1999-2000); formerly, Vice Chairman of the Board, Diba,
|
|
|
|
|
Incorporated (1996-1997); formerly, various executive positions with Zenith
|
|
|
|
|
Electronics Corporation (1991-1996).
|
|
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):
|
|
|
|
|
|
||||
■ JOHN K. NELSON
|
|
|
Member of Board of Directors of Core12 LLC (since 2008), a private firm
|
|
1962
|
|
|
which develops branding, marketing and communications strategies
|
|
333 W. Wacker Drive
|
Board Member
|
2013
|
for clients; Director of The Curran Center for Catholic American Studies
|
169
|
Chicago, IL 6o6o6
|
|
Class II
|
(since 2009) and The President’s Council, Fordham University (since 2010);
|
|
|
|
|
formerly, senior external advisor to the financial services practice of Deloitte
|
|
|
|
|
Consulting LLP (2012-2014): formerly, Chairman of the Board of Trustees of
|
|
|
|
|
Marian University (2010 as trustee, 2011-2014 as Chairman); formerly, Chief
|
|
|
|
|
Executive Officer of ABN AMRO N.V. North America, and Global Head of
|
|
|
|
|
its Financial Markets Division (2007-2008); prior senior positions held at
|
|
|
|
|
ABN AMRO include Corporate Executive Vice President and Head of
|
|
|
|
|
Global Markets-the Americas (2006-2007), CEO of Wholesale Banking
|
|
|
|
|
North America and Global Head of Foreign Exchange and Futures Markets
|
|
|
|
|
(2001-2006), and Regional Commercial Treasurer and Senior Vice President
|
|
|
|
|
Trading-North America (1996-2001); formerly, Trustee at St. Edmund
|
|
|
|
|
Preparatory School in New York City.
|
|
|
||||
■ WILLIAM J. SCHNEIDER(1)
|
|
|
Chairman of Miller-Valentine Partners, a real estate investment
|
|
1944
|
|
|
company; Board Member of WDPR Public Radio station; formerly,
|
|
333 W. Wacker Drive
|
Board Member
|
1996
|
Senior Partner and Chief Operating Officer (retired (2004) of
|
169
|
Chicago, IL 6o6o6
|
|
Class III
|
Miller-Valentine Group; formerly, Board member, Business Advisory
|
|
|
|
|
Council of the Cleveland Federal Reserve Bank and University of
|
|
|
|
|
Dayton Business School Advisory Council; past Chair and Director,
|
|
|
|
|
Dayton Development Coalition.
|
|
|
||||
■ JUDITH M. STOCKDALE
|
|
|
Board Member, Land Trust Alliance (since 2013) and U.S. Endowment
|
|
1947
|
|
|
for Forestry and Communities (since 2013); formerly, Executive Director
|
|
333 W. Wacker Drive
|
Board Member
|
1997
|
(1994-2012), Gaylord and Dorothy Donnelley Foundation; prior thereto,
|
169
|
Chicago, IL 6o6o6
|
|
Class I
|
Executive Director, Great Lakes Protection Fund (1990-1994).
|
|
|
||||
■ CAROLE E. STONE
|
|
|
Former Director, Chicago Board Options Exchange, Inc. (2006-2017);
|
|
1947
|
|
|
and C2 Options Exchange, Incorporated (2009-2017); Director, CBOE
|
|
333 W. Wacker Drive
|
Board Member
|
2007
|
Global Markets, Inc., formerly, CBOE Holdings, Inc. (since 2010);
|
169
|
Chicago, IL 6o6o6
|
|
Class I
|
formerly, Commissioner, New York State Commission on Public
|
|
|
|
|
Authority Reform (2005-2010).
|
|
|
||||
■ 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
|
169
|
Chicago, IL 6o6o6
|
|
Class I
|
operation of The Travelers Companies, Inc.); formerly, Of Counsel,
|
|
|
|
|
Skadden, Arps, Slate, Meagher & Flom LLP (Mergers & Acquisitions
|
|
|
|
|
Group) (2005-2014); Member of the Board of Trustees of New York-
|
|
|
|
|
Presbyterian Hospital (since 2005); Member (since 2004) and Chair
|
|
|
|
|
(since 2015) of the Board of Trustees of The John A. Hartford Foundation
|
|
|
|
|
(a 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.
|
|
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):
|
|
|
|
|
|
||||
■ ROBERT L. YOUNG(2)
|
|
|
Formerly, Chief Operating Officer and Director, J.P.Morgan Investment
|
|
1963
|
|
|
Management Inc. (2010-2016); formerly, President and Principal Executive
|
|
333 W. Wacker Drive
|
Board Member
|
2017
|
Officer (2013-2016), and Senior Vice President and Chief Operating Officer
|
167
|
Chicago, IL 6o6o6
|
|
Class II
|
(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. (formerly, One Group Dealer
|
|
|
|
|
Services, Inc.) (1999-2017).
|
|
Interested Board Member:
|
|
|
|
|
|
||||
■ MARGO L. COOK(3)(4)
|
|
|
President (since 2017), formerly, Co-Chief Executive Officer and
|
|
1964
|
|
|
Co-President (2016-2017), formerly, Senior Executive Vice President of
|
|
333 W. Wacker Drive
|
Board Member
|
2016
|
Nuveen Investments, Inc.; President, Global Products and Solutions (since
|
169
|
Chicago, IL 6o6o6
|
|
Class III
|
2017), and, Co-Chief Executive Officer (since 2015), formerly, Executive
|
|
|
|
|
Vice President (2013-2015), of Nuveen Securities, LLC; Executive Vice
|
|
|
|
|
President (since 2017) of Nuveen, LLC; President (since August
|
|
|
|
|
2017), formerly Co-President (2016- 2017), formerly, Senior Executive
|
|
|
|
|
Vice President of Nuveen Fund Advisors, LLC (Executive Vice
|
|
|
|
|
President since 2011); President (since 2017), Nuveen Alternative
|
|
|
|
|
Investments, LLC; Chartered Financial Analyst.
|
|
|
||||
Name,
|
Position(s) Held
|
Year First
|
Principal
|
Number
|
Year of Birth
|
with the Funds
|
Elected or
|
Occupation(s)
|
of Portfolios
|
& Address
|
|
Appointed(4)
|
During Past 5 Years
|
in Fund Complex
|
|
|
|
|
Overseen by
|
|
|
|
|
Officer
|
|
||||
Officers of the Funds:
|
|
|
|
|
|
||||
■ CEDRIC H. ANTOSIEWICZ
|
|
|
Senior Managing Director (since 2017), formerly, Managing Director
|
|
1962
|
Chief
|
|
(2004-2017) of Nuveen Securities, LLC; Senior Managing Director
|
|
333 W. Wacker Drive
|
Administrative
|
2007
|
(since 2017), formerly, Managing Director (2014-2017) of Nuveen
|
75
|
Chicago, IL 6o6o6
|
Officer
|
|
Fund Advisors, LLC.
|
|
|
||||
■ STEPHEN D. FOY
|
|
|
Managing Director (since 2014), formerly, Senior Vice President (2013-
|
|
1954
|
|
|
2014) and Vice President (2005-2013) of Nuveen Fund Advisors, LLC;
|
|
333 W. Wacker Drive
|
Vice President
|
1998
|
Managing Director (since 2016) of Nuveen Securities, LLC Managing
|
169
|
Chicago, IL 6o6o6
|
and Controller
|
|
Director (since 2016) of Nuveen Alternative Investments, LLC; Certified
|
|
|
|
|
Public Accountant.
|
|
|
||||
■ NATHANIEL T. JONES
|
|
|
Managing Director (since 2017), formerly, Senior Vice President (2016-
|
|
1979
|
|
|
2017), formerly, Vice President (2011-2016) of Nuveen; Managing
|
169
|
333 W. Wacker Drive
|
Vice President
|
2016
|
Director of Nuveen Fund Advisors, LLC; Chartered Financial Analyst.
|
|
Chicago, IL 6o6o6
|
and Treasurer
|
|
|
|
|
||||
■ WALTER M. KELLY
|
|
|
Managing Director (since 2017), formerly, Senior Vice President
|
|
1970
|
Chief Compliance
|
|
(2008-2017) of Nuveen.
|
169
|
333 W. Wacker Drive
|
Officer and
|
2003
|
|
|
Chicago, IL 6o6o6
|
Vice President
|
|
|
|
Name,
|
Position(s) Held
|
Year First
|
Principal
|
Number
|
Year of Birth
|
with the Funds
|
Elected or
|
Occupation(s)
|
of Portfolios
|
& Address
|
|
Appointed(4)
|
During Past 5 Years
|
in Fund Complex
|
|
|
|
|
Overseen by
|
|
|
|
|
Officer
|
|
||||
Officers of the Funds (continued):
|
|
|
|
|
|
||||
■ DAVID J. LAMB
|
|
|
Managing Director (since 2017), formerly, Senior Vice President of
|
|
1963
|
|
|
Nuveen (since 2006), Vice President prior to 2006.
|
75
|
333 W. Wacker Drive
|
Vice President
|
2015
|
|
|
Chicago, IL 6o6o6
|
|
|
|
|
|
||||
■ TINA M. LAZAR
|
|
|
Managing Director (since 2017), formerly, Senior Vice President
|
|
1961
|
|
|
(2014-2017) of Nuveen Securities, LLC.
|
169
|
333 W. Wacker Drive
|
Vice President
|
2002
|
|
|
Chicago, IL 6o6o6
|
|
|
|
|
|
||||
■ KEVIN J. MCCARTHY
|
|
|
Senior Managing Director (since 2017) and Secretary and General Counsel
|
|
1966
|
Vice President
|
|
(since 2016) of Nuveen Investments, Inc., formerly, Executive Vice President
|
|
333 W. Wacker Drive
|
and Assistant
|
2007
|
(2016-2017) and Managing Director and Assistant Secretary (2008-2016);
|
169
|
Chicago, IL 6o6o6
|
Secretary
|
|
Senior Managing Director (since 2017) and Assistant Secretary (since 2008)
|
|
|
|
|
of Nuveen Securities, LLC, formerly Executive Vice President (2016-2017) and
|
|
|
|
|
Managing Director (2008-2016); Senior Managing Director (since 2017),
|
|
|
|
|
Secretary (since 2016) and Co-General Counsel (since 2011) of Nuveen Fund
|
|
|
|
|
Advisors, LLC, formerly, Executive Vice President (2016-2017), Managing
|
|
|
|
|
Director (2008-2016) and Assistant Secretary (2007-2016); Senior Managing
|
|
|
|
|
Director (since 2017), Secretary (since 2016) and Associate General Counsel
|
|
|
|
|
(since 2011) of Nuveen Asset Management, LLC, formerly Executive Vice
|
|
|
|
|
President (2016-2017) and Managing Director and Assistant Secretary (2011-
|
|
|
|
|
2016); Senior Managing Director (since 2017) and Secretary (since 2016) of
|
|
|
|
|
Nuveen Investments Advisers, LLC, formerly Executive Vice President (2016-
|
|
|
|
|
2017); Vice President (since 2007) and Secretary (since 2016), formerly,
|
|
|
|
|
Assistant Secretary, of NWQ Investment Management Company, LLC, Symphony
|
|
|
|
|
Asset Management LLC, Santa Barbara Asset Management, LLC and Winslow
|
|
|
|
|
Capital Management, LLC (since 2010). Senior Managing Director (since 2017)
|
|
|
|
|
and Secretary (since 2016) of Nuveen Alternative Investments, LLC.
|
|
|
||||
■ WILLIAM T. MEYERS
|
|
|
Senior Managing Director (since 2017), formerly, Managing Director
|
|
1966
|
Vice President
|
|
(2016-2017), Senior Vice President (2010-2016) of Nuveen Securities, LLC;
|
|
333 W. Wacker Drive
|
|
2018
|
and Nuveen Fund Advisors, LLC; Senior Managing Director (since 2017),
|
75
|
Chicago, IL 60606
|
|
|
formerly, Managing Director (2016-2017), Senior Vice President (2010-
|
|
|
|
|
2016) of Nuveen, has held various positions with Nuveen since 1991.
|
|
|
||||
■ MICHAEL A. PERRY
|
|
|
Executive Vice President (since 2017), previously Managing Director
|
|
1967
|
|
|
from 2016), of Nuveen Fund Advisors, LLC and Nuveen Alternative
|
|
333 W. Wacker Drive
|
Vice President
|
2017
|
Investments, LLC; Executive Vice President (since 2017), formerly,
|
75
|
Chicago, IL 6o6o6
|
|
|
Managing Director (2015-2017), of Nuveen Securities, LLC;
|
|
|
|
|
formerly, Managing Director (2010-2015) of UBS Securities, LLC.
|
|
|
||||
■ CHRISTOPHER M. ROHRBACHER
|
|
|
Managing Director (since 2017) and Assistant Secretary of Nuveen
|
|
1971
|
Vice President
|
|
Securities, LLC; Managing Director (since 2017), formerly, Senior
|
|
333 W. Wacker Drive
|
and Assistant
|
2008
|
Vice President (2016-2017) and Assistant Secretary (since 2016) of
|
169
|
Chicago, IL 6o6o6
|
Secretary
|
|
Nuveen Fund Advisors, LLC.
|
|
|
||||
■ WILLIAM A. SIFFERMANN
|
|
|
Managing Director (since 2017), formerly Senior Vice President
|
|
1975
|
|
|
(2016-2017) and Vice President (2011-2016) of Nuveen.
|
169
|
333 W. Wacker Drive
|
Vice President
|
2017
|
|
|
Chicago, IL 6o6o6
|
|
|
|
|
|
||||
■ JOEL T. SLAGER
|
|
|
Fund Tax Director for Nuveen Funds (since 2013); previously, Vice
|
|
1978
|
Vice President
|
|
President of Morgan Stanley Investment Management, Inc., Assistant
|
|
333 W. Wacker Drive
|
and Assistant
|
2013
|
Treasurer of the Morgan Stanley Funds (from 2010 to 2013).
|
169
|
Chicago, IL 6o6o6
|
Secretary
|
|
|
|
Name,
|
Position(s) Held
|
Year First
|
Principal
|
Number
|
Year of Birth
|
with the Funds
|
Elected or
|
Occupation(s)
|
of Portfolios
|
& Address
|
|
Appointed(4)
|
During Past 5 Years
|
in Fund Complex
|
|
|
|
|
Overseen by
|
|
|
|
|
Officer
|
|
||||
Officers of the Funds (continued):
|
|
|
|
|
|
||||
■ MARK L. WINGET
|
|
|
Vice President and Assistant Secretary of Nuveen Securities, LLC
|
|
1968
|
Vice President
|
|
(since 2008); Vice President (since 2010) and Associate General
|
169
|
333 W. Wacker Drive
|
and Assistant
|
2008
|
Counsel (since 2008) of Nuveen.
|
|
Chicago, IL 60606
|
Secretary
|
|
|
|
|
||||
■ GIFFORD R. ZIMMERMAN
|
|
|
Managing Director (since 2002), and Assistant Secretary of Nuveen
|
|
1956
|
Vice President
|
|
Securities, LLC; Managing Director (since 2004) and Assistant Secretary
|
|
333 W. Wacker Drive
|
Secretary
|
1988
|
(since 1994) of Nuveen Investments, Inc.; Managing Director (since
|
169
|
Chicago, IL 60606
|
|
|
2002), Assistant Secretary (since 1997) and Co-General Counsel (since
|
|
|
|
|
2011) of Nuveen Fund Advisors, LLC; Managing Director, Assistant Secretary
|
|
|
|
|
and Associate General Counsel of Nuveen Asset Management, LLC (since
|
|
|
|
|
2011); Vice President (since 2017), formerly, Managing Director (2003-2017)
|
|
|
|
|
and Assistant Secretary (since 2003) of Symphony Asset Management LLC;
|
|
|
|
|
Managing Director and Assistant Secretary (since 2002) of Nuveen Investments
|
|
|
|
|
Advisers, LLC; Vice President and Assistant Secretary of NWQ Investment
|
|
|
|
|
Management Company, LLC (since 2002), Santa Barbara Asset Management,
|
|
|
|
|
LLC (since 2006), and of Winslow Capital Management, LLC, (since 2010);
|
|
|
|
|
Chartered Financial Analyst.
|
|
(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. Mr. Schneider will retire from the Board as of December 31, 2018.
|
(2)
|
On May 25, 2017, Mr. Young was appointed as a Board Member, effective July 1, 2017. He is a Board Member of each of the Nuveen Funds, except Nuveen Diversified Dividend and Income Fund and Nuveen Real Estate Income Fund.
|
(3)
|
“Interested person” as defined in the 1940 Act, by reason of her position with Nuveen, LLC. and certain of its subsidiaries, which are affiliates of the Nuveen Funds.
|
(4)
|
Officers serve one year terms through August of each year. 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.
|
Distributed by Nuveen Securities, LLC | 333 West Wacker Drive Chicago, IL 60606 | www.nuveen.com
|
Audit Fees Billed
|
Audit-Related Fees
|
Tax Fees
|
All Other Fees
|
|||||||||||||
Fiscal Year Ended
|
to Fund 1
|
Billed to Fund 2
|
Billed to Fund 3
|
Billed to Fund 4
|
||||||||||||
October 31, 2018
|
$
|
24,610
|
$
|
0
|
$
|
0
|
$
|
0
|
||||||||
Percentage approved
|
0
|
%
|
0
|
%
|
0
|
%
|
0
|
%
|
||||||||
pursuant to
|
||||||||||||||||
pre-approval
|
||||||||||||||||
exception
|
||||||||||||||||
October 31, 2017
|
$
|
23,950
|
0 |
$
|
0
|
$
|
2,375
|
|||||||||
Percentage approved
|
0
|
%
|
0
|
%
|
0
|
%
|
0
|
%
|
||||||||
pursuant to
|
||||||||||||||||
pre-approval
|
||||||||||||||||
exception
|
||||||||||||||||
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.
|
Audit-Related Fees
|
Tax Fees Billed to
|
All Other Fees
|
|
Billed to Adviser and
|
Adviser and
|
Billed to Adviser
|
|
Affiliated Fund
|
Affiliated Fund
|
and Affiliated Fund
|
|
Fiscal Year Ended
|
Service Providers
|
Service Providers
|
Service Providers
|
October 31, 2018
|
$ 0
|
$ 0
|
$ 0
|
Percentage approved
|
0%
|
0%
|
0%
|
pursuant to
|
|||
pre-approval
|
|||
exception
|
|||
October 31, 2017
|
$ 0
|
$ 0
|
$ 0
|
Percentage approved
|
0%
|
0%
|
0%
|
pursuant to
|
|||
pre-approval
|
|||
exception
|
Total Non-Audit Fees
|
||||
billed to Adviser and
|
||||
Affiliated Fund Service
|
Total Non-Audit Fees
|
|||
Providers (engagements
|
billed to Adviser and
|
|||
related directly to the
|
Affiliated Fund Service
|
|||
Total Non-Audit Fees
|
operations and financial
|
Providers (all other
|
||
Fiscal Year Ended
|
Billed to Fund
|
reporting of the Fund)
|
engagements)
|
Total
|
October 31, 2018
|
$ 0
|
$ 0
|
$ 0
|
$ 0
|
October 31, 2017
|
$ 2,375
|
$ 0
|
$ 0
|
$ 2,375
|
“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.
|
Portfolio Manager
|
Type of Account
Managed |
Number of
Accounts |
Assets*
|
Christopher L. Drahn
|
Registered Investment Company
|
9
|
$7.01 billion
|
|
Other Pooled Investment Vehicles
|
0
|
$ 0
|
|
Other Accounts
|
4
|
$123 million
|
* |
Assets are as of October 31, 2018. None of the assets in these accounts are subject to an advisory fee based on performance.
|
Name of Portfolio Manager
|
None
|
$1 - $10,000
|
$10,001-$50,000
|
$50,001-$100,000
|
$100,001-$500,000
|
$500,001-$1,000,000
|
Over $1,000,000
|
Christopher L. Drahn
|
X
|
Period*
|
(a)
|
(b)
|
(c)
|
(d)*
|
TOTAL NUMBER OF
|
AVERAGE
|
TOTAL NUMBER OF SHARES
|
MAXIMUM NUMBER (OR
|
|
SHARES (OR
|
PRICE
|
(OR UNITS) PURCHASED AS
|
APPROXIMATE DOLLAR VALUE) OF
|
|
UNITS)
|
PAID PER
|
PART OF PUBLICLY
|
SHARES (OR UNITS) THAT MAY YET
|
|
PURCHASED
|
SHARE (OR
|
ANNOUNCED PLANS OR
|
BE PURCHASED UNDER THE PLANS OR
|
|
UNIT)
|
PROGRAMS
|
PROGRAMS
|
||
MAY 1-31, 2018
|
0
|
0
|
26,280,000
|
|
JUNE 1-30, 2018
|
0
|
0
|
26,280,000
|
|
JULY 1-31, 2018
|
0
|
0
|
26,280,000
|
|
AUGUST 1-31, 2018
|
0
|
0
|
26,280,000
|
|
SEPTEMBER 1-30, 2018
|
0
|
0
|
26,280,000
|
|
OCTOBER 1-31, 2018
|
55,700
|
12.10
|
0
|
26,224,300
|
TOTAL
|
55,700
|
(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.
|
(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/CEF/Shareholder/FundGovernance.aspx and there were no amendments during the period covered by this report. (To view the code, click on Code of Conduct.)
|
(a)(2)
|
A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) in the exact form set forth below: Ex-99.CERT Attached hereto.
|
(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.
|
(b)
|
If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)); Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an exhibit. A certification furnished pursuant to this paragraph will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference. Ex-99.906 CERT attached hereto.
|