NPORT-EX 2 NIQ.htm
NIQ
Nuveen Intermediate Duration Quality Municipal Term Fund
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 126.8% (100.0% of Total Investments)        
    MUNICIPAL BONDS – 125.8% (99.2% of Total Investments)        
    Alabama – 2.2% (1.8% of Total Investments)        
$2,000   Alabama Federal Aid Highway Finance Authority, Federal Highway Grant Anticipation Revenue Bonds, Tender Option Bond Trust 2016-XL0024, 21.693%, 9/01/26 (Pre-refunded 9/01/22), 144A (IF) (4)   9/22 at 100.00 AA (5) $2,958,380
1,000   Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/34   No Opt. Call A 1,341,680
3,000   Total Alabama       4,300,060
    Arizona – 1.2% (0.9% of Total Investments)        
    Arizona Health Facilities Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2013D:        
965   5.000%, 2/01/24   2/23 at 100.00 A1 1,070,127
1,065   5.000%, 2/01/26   2/23 at 100.00 A1 1,176,921
2,030   Total Arizona       2,247,048
    California – 10.9% (8.6% of Total Investments)        
3,000   Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Senior Lien Series 2013A, 5.000%, 10/01/27  –  AGM Insured   10/23 at 100.00 AA 3,354,390
55   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020A, 4.000%, 6/01/49   6/30 at 100.00 BBB+ 61,843
500   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A, 5.000%, 11/15/36   11/27 at 100.00 A+ 613,565
415   California Municipal Finance Authority, Revenue Bonds, Biola University, Series 2013, 5.000%, 10/01/21   No Opt. Call Baa1 427,604
2,170   California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A, 5.000%, 12/31/43 (AMT)   6/28 at 100.00 BBB- 2,493,504
370   California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authoriity Desalination Project Pipeline, Refunding Series 2019, 5.000%, 11/21/45, 144A   1/29 at 100.00 BBB 425,644
1,930   California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.250%, 12/01/34   12/24 at 100.00 BB 2,110,474
3,335   Eastern Municipal Water District Financing Authority, California, Water and Wastewater Revenue Bonds, Series 2017D, 5.250%, 7/01/42   7/27 at 100.00 AA+ 4,150,407
590   Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Rancho Vallecitos Mobile Home Park, Series 2013, 4.500%, 4/15/23   No Opt. Call A- 618,420
    Jurupa Community Services District, California, Special Tax Bonds, Community Facilities District 31 Eastvale Area, Series 2013:        
150   4.000%, 9/01/25   9/22 at 100.00 N/R 157,343
305   4.000%, 9/01/26   9/22 at 100.00 N/R 319,060
250   4.000%, 9/01/27   9/22 at 100.00 N/R 261,087
1

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments August 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    California (continued)        
$250   Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010, 5.250%, 11/01/21 (Pre-refunded 11/01/20)   11/20 at 100.00 Ba1 (5) $252,098
1,775   Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A, 5.000%, 9/01/22   No Opt. Call N/R 1,912,775
185   Riverside County Redevelopment Agency, California, Tax Allocation Housing Bonds, Series 2011A, 0.000%, 10/01/26 (ETM) (6)   No Opt. Call A (5) 216,911
1,500   San Diego Association of Governments, California, South Bay Expressway Toll Revenue Bonds, First Senior Lien Series 2017A, 5.000%, 7/01/36   7/27 at 100.00 A 1,761,405
1,400   San Joaquin County Transportation Authority, California, Sales Tax Revenue, Limited Tax Measure K Series 2017, 5.000%, 3/01/32   3/27 at 100.00 AA 1,758,106
18,180   Total California       20,894,636
    Colorado – 14.7% (11.6% of Total Investments)        
250   Colorado Educational and Cultural Facilities Authority, Charter School Refunding Revenue Bonds, Pinnacle Charter School, Inc K-8 Facility Project, Series 2013, 5.000%, 6/01/21   No Opt. Call A+ 257,270
3,045   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 5.000%, 8/01/30   8/29 at 100.00 BBB+ 3,867,607
5,000   Colorado Springs, Colorado, Utilities System Revenue Bonds, Refunding Series 2017A-2, 5.000%, 11/15/47   11/27 at 100.00 AA+ 6,159,050
    Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Tender Option Bond Trust 2016-XF2354:        
100   22.173%, 3/01/25, 144A (IF) (4)   No Opt. Call AA 199,597
300   22.173%, 3/01/26, 144A (IF) (4)   No Opt. Call AA 654,666
430   22.122%, 3/01/27, 144A (IF) (4)   No Opt. Call AA 1,010,539
725   22.173%, 3/01/28, 144A (IF) (4)   No Opt. Call AA 1,817,582
200   22.173%, 3/01/29, 144A (IF) (4)   No Opt. Call AA 527,366
1,870   Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016, 5.000%, 12/01/30   12/26 at 100.00 Baa2 2,021,133
350   E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%, 9/01/21  –  NPFG Insured   No Opt. Call A 348,331
1,000   Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs Utilities, Series 2008, 6.500%, 11/15/38   No Opt. Call A+ 1,594,430
4,000   University of Colorado, Enterprise System Revenue Bonds, Refunding Series 2019B, 5.000%, 6/01/44   6/29 at 100.00 Aa1 5,086,160
4,000   University of Northern Colorado at Greeley, Institutional Enterprise System Revenue Bonds, Refunding Series 2016A, 5.000%, 6/01/46   6/26 at 100.00 Aa2 4,659,160
21,270   Total Colorado       28,202,891
    District of Columbia – 0.4% (0.4% of Total Investments)        
715   Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue Bonds, Series 2020A, 4.000%, 7/15/45   7/30 at 100.00 AA 841,269
2

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Florida – 9.4% (7.4% of Total Investments)        
    Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing Project, Series 2013A:        
$420   5.000%, 11/15/20   No Opt. Call BBB $422,486
150   5.000%, 11/15/23   No Opt. Call BBB 162,819
375   Belmont Community Development District, Florida, Capital Improvement Revenue Bonds, Phase 1 Project, Series 2013A, 5.500%, 11/01/23   No Opt. Call N/R 392,828
1,270   Brwoard County, Florida, Fuel System Revenue Bonds, Fort Lauderdale Fuel Facilities LLC Project, Series 2013A, 5.000%, 4/01/23  –  AGM Insured (AMT)   No Opt. Call AA 1,420,851
1,740   Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2017, 5.000%, 10/01/33   10/27 at 100.00 A+ 2,185,475
340   Capital Trust Agency, Florida, Fixed Rate Air Cargo Revenue Refunding Bonds, Aero Miami FX, LLC Project, Series 2010A, 5.350%, 7/01/29   10/20 at 100.00 Baa3 341,255
1,010   Collier County Educational Facilities Authority, Florida, Revenue Bonds, Ave Maria University, Refunding Series 2013A, 4.500%, 6/01/23   No Opt. Call BBB- 1,034,482
1,000   Florida Mid-Bay Bridge Authority, Revenue Bonds, 1st Senior Lien Series 2015A, 5.000%, 10/01/23   No Opt. Call BBB+ 1,115,340
2,960   Florida Municipal Power Agency, Revenue Bonds, Saint Lucie Project, Refunding Series 2012A, 5.000%, 10/01/26   10/22 at 100.00 A2 3,222,966
500   Gainesville, Florida, Utilities System Revenue Bonds, Series 2017A, 5.000%, 10/01/37   10/27 at 100.00 AA- 622,785
    Martin County Industrial Development Authority, Florida, Industrial Development Revenue Refunding Bonds, Indiantown Cogeneration LP, Series 2013:        
3,150   3.950%, 12/15/21 (AMT), 144A   10/20 at 100.00 A- 3,156,584
500   4.200%, 12/15/25 (AMT), 144A   10/20 at 100.00 A- 500,300
1,400   Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Jupiter Medical Center, Series 2013A, 5.000%, 11/01/22   No Opt. Call BBB+ 1,522,486
510   Putnam County Development Authority, Florida, Pollution Control Revenue Bonds, Seminole Electric Cooperatice, Inc Project, Refunding Series 2018B, 5.000%, 3/15/42   5/28 at 100.00 A- 618,028
305   Southeast Overtown/Park West Community Redevelopement Agency, Florida, Tax Increment Revenue Bonds, Series 2014A-1, 5.000%, 3/01/24, 144A   No Opt. Call BBB+ 345,934
290   Tuscaloosa County Industrial Development Authority, Florida, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 4.500%, 5/01/32, 144A   5/29 at 100.00 N/R 318,089
560   Verandah West Community Development District, Florida, Capital Improvement Revenue Bonds, Refunding Series 2013, 4.000%, 5/01/23   No Opt. Call N/R 569,906
16,480   Total Florida       17,952,614
    Georgia – 2.1% (1.7% of Total Investments)        
1,025   Atlanta, Georgia, Tax Allocation Bonds, Perry Bolton Project Series 2014, 4.000%, 7/01/22   No Opt. Call A- 1,089,893
1,000   Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc, Series 2017B, 5.500%, 2/15/42   2/27 at 100.00 AA 1,222,280
1,465   Municipal Electric Authority of Georgia, General Resolution Projects Subordinated Bonds, Series 20188HH, 5.000%, 1/01/44   1/28 at 100.00 A1 1,776,576
3,490   Total Georgia       4,088,749
3

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments August 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Hawaii – 2.0% (1.6% of Total Investments)        
$3,000   Honolulu City and County, Hawaii, Wastewater System Revenue Bonds, First Bond Resolution, Senior Series 2018A, 5.000%, 7/01/37   1/28 at 100.00 Aa2 $3,773,550
    Illinois – 10.8% (8.5% of Total Investments)        
2,500   Cook County, Illinois, General Obligation Bonds, Tender Option Bond Trust 2015-XF1007, 17.319%, 11/15/25, 144A (IF) (4)   11/22 at 100.00 A+ 3,296,075
4,000   Illinois Municipal Electric Agency, Power Supply System Revenue Bonds, Refunding Series 2015A, 5.000%, 2/01/27   8/25 at 100.00 A1 4,772,480
2,500   Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/27   No Opt. Call BBB- 2,825,225
5,000   Illinois State, General Obligation Bonds, Series 2013, 5.000%, 7/01/23   No Opt. Call BBB- 5,389,150
290   Madison, Macoupin, Jersey, Calhoun, Morgan, Scott, and Greene Counties Community College District 536, Illinois, General Obligation Bonds, Lewis & Clark Community College, Refunding Series 2017A, 5.000%, 11/01/33  –  AGM Insured   11/26 at 100.00 AA 353,574
665   Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2020A, 4.000%, 6/15/50   12/29 at 100.00 BBB 683,161
1,000   Southwestern Illinois Development Authority, Local Government Revenue Bonds, Edwardsville Community Unit School District 7 Project, Series 2007, 0.000%, 12/01/22  –  AGM Insured   No Opt. Call AA 977,400
2,000   Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015, 5.000%, 3/01/33   3/25 at 100.00 A 2,345,780
17,955   Total Illinois       20,642,845
    Indiana – 1.5% (1.2% of Total Investments)        
1,045   Indiana Finance Authority, Educational Facilities Revenue Bonds, 21st Century Charter School Project, Series 2013A, 6.000%, 3/01/33   3/23 at 100.00 B+ 1,065,325
1,500   Indiana Finance Authority, Lease Appropriation Bonds, Stadium Project, Refunding Series 2015A, 5.000%, 2/01/25   No Opt. Call AA+ 1,755,795
2,545   Total Indiana       2,821,120
    Iowa – 1.5% (1.2% of Total Investments)        
855   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/27, 144A   9/20 at 104.00 BB- 889,927
2,000   Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34   10/20 at 100.00 B- 2,029,480
2,855   Total Iowa       2,919,407
    Kentucky – 3.3% (2.6% of Total Investments)        
1,000   Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington Center Corporation Project, Series 2018A, 5.000%, 9/01/43   9/28 at 100.00 A2 1,125,360
    Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A:        
925   4.250%, 7/01/35   7/25 at 100.00 BBB+ 951,649
1,400   5.000%, 1/01/45   7/25 at 100.00 BBB+ 1,475,908
3,000   Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Capital Appreciation Series 2013B, 0.000%, 7/01/23   No Opt. Call Baa3 2,803,710
6,325   Total Kentucky       6,356,627
4

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Louisiana – 0.9% (0.7% of Total Investments)        
$530   New Orleans Aviation Board, Louisiana, Special Facility Revenue Bonds, Parking Facilities Corporation Consolidated Garage System, Series 2018A, 5.000%, 10/01/43  –  AGM Insured   10/28 at 100.00 AA $626,275
1,000   New Orleans, Louisiana, Water Revenue Bonds, Refunding Series 2014, 5.000%, 12/01/22   No Opt. Call A- 1,096,640
1,530   Total Louisiana       1,722,915
    Maine – 2.9% (2.3% of Total Investments)        
1,000   Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/33   7/23 at 100.00 BBB 1,065,320
    Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth Issue, Series 2018A:        
435   5.000%, 7/01/43   7/28 at 100.00 A+ 524,071
565   5.000%, 7/01/48   7/28 at 100.00 A+ 676,486
    Maine Turnpike Authority, Special Obligation Bonds, Series 2014:        
620   5.000%, 7/01/25   7/24 at 100.00 A+ 722,399
340   5.000%, 7/01/27   7/24 at 100.00 A+ 394,050
1,850   5.000%, 7/01/29   7/24 at 100.00 A+ 2,129,701
4,810   Total Maine       5,512,027
    Maryland – 1.0% (0.8% of Total Investments)        
615   Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017, 5.000%, 9/01/34   9/27 at 100.00 BB- 549,865
310   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick Memorial Hospital Issue, Series 2012A, 5.000%, 7/01/22   No Opt. Call A- 333,080
1,000   Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2011A, 5.000%, 9/15/22 (Pre-refunded 9/15/21)   9/21 at 100.00 AAA 1,049,980
1,925   Total Maryland       1,932,925
    Massachusetts – 0.6% (0.4% of Total Investments)        
    Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2012C:        
80   5.000%, 7/01/29 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R (5) 86,890
420   5.000%, 7/01/29   7/22 at 100.00 BBB 444,683
500   5.000%, 7/01/29 (Pre-refunded 7/01/22)   7/22 at 100.00 Baa2 (5) 543,060
1,000   Total Massachusetts       1,074,633
    Michigan – 6.5% (5.1% of Total Investments)        
1,000   Detroit City School District, Wayne County, Michigan, General Obligation Bonds, Tender Option Bond Trust 3308, 22.730%, 5/01/30, 144A (IF) (4)   No Opt. Call Aa1 2,806,440
5   Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 5.000%, 7/01/36  –  FGIC Insured   10/20 at 100.00 A+ 5,018
5   Detroit, Michigan, Water Supply System Revenue Bonds, Second Lien Series 2003B, 5.000%, 7/01/34  –  NPFG Insured   10/20 at 100.00 A+ 5,019
540   Flint Hospital Building Authority, Michigan, Building Authority Revenue Bonds, Hurley Medical Center, Series 2013A, 5.000%, 7/01/23   No Opt. Call BBB- 574,306
5

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments August 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Michigan (continued)        
$2,020   Michigan Finance Authority, Hospital Revenue Bonds, Crittenton Hospital Medical Center, Refunding Series 2012A, 4.125%, 6/01/32 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R (5) $2,157,117
3,000   Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & Sewerage Department Water Supply System Local Project, Refunding Senior Loan Series 2014D-1, 5.000%, 7/01/23  –  AGM Insured   No Opt. Call AA 3,396,330
40   Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Old Redford Academy Project, Series 2010A, 5.250%, 12/01/20   No Opt. Call BB- 40,062
    Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Tender Option Bond Trust 2015-XF0126:        
12   21.741%, 12/01/27 (Pre-refunded 12/01/20), 144A (IF) (4)   12/20 at 100.00 N/R (5) 12,573
1,393   21.741%, 12/01/27, 144A (IF)   12/20 at 100.00 AA- 1,459,558
1,500   Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2019-I, 5.000%, 4/15/36   10/29 at 100.00 Aa2 1,957,410
9,515   Total Michigan       12,413,833
    Minnesota – 1.3% (1.0% of Total Investments)        
2,000   Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Series 2018A, 4.250%, 2/15/43   2/28 at 100.00 A- 2,196,160
    Saint Paul Housing and Redevelopment Authority, Minnesota, Lease Revenue Bonds, Saint Paul Conservatory for Performing Artists Charter School Project, Series 2013A:        
205   3.550%, 3/01/21   No Opt. Call BB 205,693
100   3.700%, 3/01/22   No Opt. Call BB 101,091
2,305   Total Minnesota       2,502,944
    Mississippi – 1.4% (1.1% of Total Investments)        
    Mississippi Development Bank Special Obligation Bonds, Marshall County Industrial Development Authority, Mississippi Highway Construction Project, Tender Option Bond Trust 3315:        
800   22.548%, 1/01/24 (Pre-refunded 1/01/22), 144A (IF) (4)   1/22 at 100.00 AA- (5) 1,056,096
1,000   22.548%, 1/01/25 (Pre-refunded 1/01/22), 144A (IF) (4)   1/22 at 100.00 AA- (5) 1,320,120
200   22.548%, 1/01/26 (Pre-refunded 1/01/22), 144A (IF) (4)   1/22 at 100.00 AA- (5) 264,024
2,000   Total Mississippi       2,640,240
    Missouri – 1.7% (1.4% of Total Investments)        
3,000   Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A, 5.000%, 1/01/23   No Opt. Call A 3,322,560
    Montana – 1.5% (1.2% of Total Investments)        
    Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell Regional Medical Center, Series 2018B:        
985   5.000%, 7/01/28   No Opt. Call BBB 1,235,682
1,270   5.000%, 7/01/29   7/28 at 100.00 BBB 1,576,718
2,255   Total Montana       2,812,400
    Nebraska – 2.6% (2.0% of Total Investments)        
3,000   Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012, 5.000%, 9/01/32   9/22 at 100.00 A 3,229,260
6

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Nebraska (continued)        
$1,270   Lincoln, Nebraska, Electric System Revenue Bonds, Series 2020A, 5.000%, 9/01/31   3/30 at 100.00 AA $1,724,368
4,270   Total Nebraska       4,953,628
    Nevada – 2.5% (1.9% of Total Investments)        
515   Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series 2017A, 5.000%, 9/01/47   9/27 at 100.00 A- 587,260
1,000   Las Vegas Convention and Visitors Authority, Nevada, Revenue Bonds, Series 2018C, 5.250%, 7/01/43   7/28 at 100.00 Aa3 1,160,100
    Las Vegas Redevelopment Agency, Nevada, Tax Increment Revenue Bonds, Refunding Series 2016:        
1,295   5.000%, 6/15/26   No Opt. Call BBB+ 1,539,185
1,210   5.000%, 6/15/27   6/26 at 100.00 BBB+ 1,430,377
4,020   Total Nevada       4,716,922
    New Jersey – 4.4% (3.5% of Total Investments)        
    New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds, Series 2012:        
2,000   5.000%, 6/15/24   6/22 at 100.00 BBB+ 2,070,100
1,000   5.000%, 6/15/28   6/22 at 100.00 BBB+ 1,025,990
    New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge Replacement Project, Series 2013:        
860   5.000%, 1/01/21 (AMT)   No Opt. Call A2 870,844
500   5.000%, 1/01/22 (AMT)   No Opt. Call A2 525,010
500   5.000%, 7/01/22 (AMT)   No Opt. Call A2 534,225
620   5.000%, 1/01/23 (AMT)   No Opt. Call A2 673,742
1,000   New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Tender Option Bond Trust 2016-XF2340, 3.375%, 9/01/25, 144A (IF) (4)   3/25 at 100.00 BBB+ 855,720
1,000   New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc, Series 1999, 5.250%, 9/15/29 (AMT)   8/22 at 101.00 Ba3 1,023,460
275   New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Series 2007, 5.250%, 7/01/21   10/20 at 100.00 BB+ 275,715
450   Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B, 5.000%, 6/01/46   6/28 at 100.00 BB+ 510,120
8,205   Total New Jersey       8,364,926
    New York – 5.5% (4.3% of Total Investments)        
495   Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds, Catholic Health System, Inc Project, Series 2015, 5.000%, 7/01/29   7/25 at 100.00 BBB 571,096
435   Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series 2007, 5.500%, 10/01/37   No Opt. Call A 631,364
3,545   Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2017, 5.000%, 9/01/42   9/27 at 100.00 A 4,303,488
1,390   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2020C-1, 5.000%, 11/15/50   5/30 at 100.00 A+ 1,535,491
2,000   New York Convention Center Development Corporation, New York, Revenue Bonds, Hotel Unit Fee Secured, Refunding Series 2015, 5.000%, 11/15/25   No Opt. Call Aa3 2,309,960
7

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments August 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New York (continued)        
$1,000   New York State Power Authority, General Revenue Bonds, Series 2020A, 4.000%, 11/15/50   5/30 at 100.00 Aa1 $1,182,110
8,865   Total New York       10,533,509
    North Dakota – 0.7% (0.6% of Total Investments)        
1,250   Cass County, North Dakota, Health Care Facilities Revenue Bonds, Essential Health Obligated Group, Series 2018B, 4.250%, 2/15/43   2/28 at 100.00 A- 1,372,600
    Ohio – 2.3% (1.8% of Total Investments)        
620   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 4.000%, 6/01/48   6/30 at 100.00 BBB+ 685,850
2,175   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55   6/30 at 100.00 N/R 2,392,500
3,000   Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (7)   No Opt. Call N/R 3,750
1,150   Ohio State, Private Activity Bonds, Portsmouth Gateway Group, LLC - Borrower, Portsmouth Bypass Project, Series 2015, 5.000%, 12/31/27  –  AGM Insured (AMT)   6/25 at 100.00 AA 1,360,312
6,945   Total Ohio       4,442,412
    Oklahoma – 0.1% (0.1% of Total Investments)        
255   Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B, 5.250%, 8/15/43   8/28 at 100.00 Baa3 299,087
    Oregon – 1.8% (1.4% of Total Investments)        
965   Astoria Hospital Facilities Authority, Oregon, Hospital Revenue and Refunding Bonds, Columbia Memorial Hospital, Series 2012, 5.000%, 8/01/22   No Opt. Call A- 1,044,709
2,000   Port of Portland, Oregon, International Airport Revenue Bonds, Series 2017-24B, 5.000%, 7/01/36 (AMT)   1/27 at 100.00 AA- 2,333,760
2,965   Total Oregon       3,378,469
    Pennsylvania – 3.5% (2.7% of Total Investments)        
    Erie Higher Education Building Authority, Pennsylvania, Revenue Bonds, Gannon University Project, Series 2013:        
480   4.000%, 5/01/21   No Opt. Call BBB+ 483,307
500   4.000%, 5/01/22   No Opt. Call BBB+ 508,450
520   4.000%, 5/01/23   No Opt. Call BBB+ 533,411
1,905   Erie Sewer Authority, Erie County, Pennsylvania, Sewer Revenue Bonds, Series 2012A, 5.000%, 6/01/21  –  AGM Insured   No Opt. Call AA 1,969,141
1,700   Pennsylvania Economic Development Financing Authority, Private Activity Revenue Bonds, Pennsylvania Rapid Bridge Replacement Project, Series 2015, 5.000%, 6/30/28 (AMT)   6/26 at 100.00 BBB 1,995,783
285   Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, Refunding Subordinate Series 2019B, 4.000%, 9/01/34  –  AGM Insured   9/29 at 100.00 AA 339,250
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Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Pennsylvania (continued)        
    Southcentral Pennsylvania General Authority, Revenue Bonds, Hanover Hospital Inc, Series 2013:        
$370   5.000%, 12/01/20   No Opt. Call A $373,985
435   5.000%, 12/01/21   No Opt. Call A 458,521
6,195   Total Pennsylvania       6,661,848
    Puerto Rico – 1.6% (1.2% of Total Investments)        
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
660   4.500%, 7/01/34   7/25 at 100.00 N/R 698,531
2,175   4.550%, 7/01/40   7/28 at 100.00 N/R 2,316,331
2,835   Total Puerto Rico       3,014,862
    South Carolina – 2.3% (1.8% of Total Investments)        
2,000   South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper, Refunding Series 2012D, 5.000%, 12/01/43   6/22 at 100.00 A 2,109,260
2,000   South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2014B, 5.000%, 12/01/31   6/24 at 100.00 A 2,270,600
4,000   Total South Carolina       4,379,860
    Tennessee – 8.6% (6.8% of Total Investments)        
    Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Ballad Health, Series 2018A:        
1,000   5.000%, 7/01/36   7/28 at 100.00 A 1,206,410
1,605   5.000%, 7/01/37   7/28 at 100.00 A 1,930,366
2,290   Jackson, Tennessee, Hospital Revenue Bonds, Jackson-Madison County General Hospital Project, Series 2018A, 5.000%, 4/01/35   10/28 at 100.00 A 2,818,898
    Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, Covenant Health, Refunding Series 2012A:        
1,440   5.000%, 1/01/25   1/23 at 100.00 A+ 1,578,629
2,170   5.000%, 1/01/26   1/23 at 100.00 A+ 2,376,996
450   Metropolitan Government of Nashville-Davidson County, Tennessee, Water and Sewerage Revenue Bonds, Green Series 2017A, 5.000%, 7/01/42   7/27 at 100.00 AA 549,796
1,400   The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B, 5.625%, 9/01/26   No Opt. Call BBB 1,704,542
    The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C:        
1,020   5.000%, 2/01/21   No Opt. Call A 1,038,686
1,490   5.000%, 2/01/24   No Opt. Call A 1,705,931
1,365   5.000%, 2/01/25   No Opt. Call A 1,612,666
14,230   Total Tennessee       16,522,920
    Texas – 7.5% (5.9% of Total Investments)        
1,225   Bexar County Hospital District, Texas, Certificates of Obligation, Series 2020, 5.000%, 2/15/45   2/29 at 100.00 Aa1 1,532,254
500   Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Subordinate Lien Series 2013, 5.000%, 1/01/22   No Opt. Call BBB+ 527,460
9

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments August 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
$685   Denton County Fresh Water Supply District 7, Texas, General Obligation Bonds, Refunding Series 2013, 4.000%, 2/15/21  –  AGM Insured   No Opt. Call AA $695,857
2,000   Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25 (AMT)   10/22 at 100.00 BB 2,020,600
    Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien Series 2014C:        
230   5.000%, 11/15/22   No Opt. Call Baa1 241,187
1,660   5.000%, 11/15/23   No Opt. Call Baa1 1,774,208
960   5.000%, 11/15/25   11/24 at 100.00 Baa1 1,040,362
1,005   Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3, 0.000%, 11/15/33  –  NPFG Insured   11/24 at 59.10 Baa2 522,118
100   Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company - Love Field Modernization Program Project, Series 2012, 5.000%, 11/01/20 (AMT)   No Opt. Call Baa1 100,395
    Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott & White Healthcare Project, Tender Option Bond Trust 2016-XG0058:        
100   22.353%, 8/15/22, 144A (IF) (4)   No Opt. Call AA- 142,135
155   22.143%, 8/15/24, 144A (IF) (4)   8/23 at 100.00 AA- 250,964
200   22.353%, 8/15/26, 144A (IF) (4)   8/23 at 100.00 AA- 316,446
175   22.102%, 8/15/27, 144A (IF) (4)   8/23 at 100.00 AA- 273,065
1,180   Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior Lien Series 2008D, 6.250%, 12/15/26   No Opt. Call A2 1,396,683
3,000   Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series 2012, 5.000%, 12/15/27   12/22 at 100.00 A3 3,228,630
360   Texas Public Finance Authority, Revenue Bonds, Texas Southern University Financing System, Series 2011, 6.000%, 5/01/23   5/21 at 100.00 BBB 369,335
13,535   Total Texas       14,431,699
    Utah – 0.7% (0.5% of Total Investments)        
435   Utah Water Finance Agency, Revenue Bonds, Pooled Loan Financing Program, Series 2017A, 5.000%, 3/01/35   3/27 at 100.00 AA 536,559
600   Utah Water Finance Agency, Revenue Bonds, Pooled Loan Financing Program, Series 2017C, 5.000%, 3/01/34   3/27 at 100.00 AA 742,080
1,035   Total Utah       1,278,639
    Virgin Islands – 0.1% (0.1% of Total Investments)        
210   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A, 4.000%, 10/01/22  –  AGM Insured   No Opt. Call AA 218,320
    Virginia – 2.3% (1.8% of Total Investments)        
1,340   Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Series 2016, 5.000%, 7/01/41  –  AGM Insured   7/26 at 100.00 AA 1,587,512
535   Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Series 2012A, 5.000%, 7/15/21   No Opt. Call BBB+ 555,426
10

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Virginia (continued)        
$1,900   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 5.000%, 10/01/47   10/29 at 100.00 A- $2,273,388
3,775   Total Virginia       4,416,326
    Washington – 1.2% (1.0% of Total Investments)        
700   Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015A, 5.000%, 4/01/27   10/24 at 100.00 AA- 809,823
1,445   Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018, 5.000%, 7/01/43   7/28 at 100.00 A3 1,587,593
2,145   Total Washington       2,397,416
    Wisconsin – 0.3% (0.3% of Total Investments)        
    University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Tender Option Bond Trust 2015-XF0127:        
50   20.462%, 4/01/22, 144A (IF) (4)   No Opt. Call AA- 66,389
100   21.278%, 4/01/23, 144A (IF) (4)   No Opt. Call AA- 155,013
185   20.892%, 4/01/24, 144A (IF) (4)   4/23 at 100.00 AA- 284,082
100   21.278%, 4/01/25, 144A (IF) (4)   4/23 at 100.00 AA- 153,796
435   Total Wisconsin       659,280
$211,355   Total Municipal Bonds (cost $224,609,626)       241,018,016
    
Shares   Description (1)       Value
    COMMON STOCKS – 1.0% (0.8% of Total Investments)        
    Electric Utilities – 1.0% (0.8% of Total Investments)        
97,015   Energy Harbor Corp (8), (9), (10)       $1,867,539
    Total Common Stocks (cost $2,999,948)       1,867,539
    Total Long-Term Investments (cost $227,609,574)       242,885,555
    Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (28.7)% (11)       (54,923,914)
    Other Assets Less Liabilities – 1.9%       3,616,060
    Net Assets Applicable to Common Shares – 100%       $191,577,701
11

NIQ Nuveen Intermediate Duration Quality Municipal Term Fund (continued)
  Portfolio of Investments August 31, 2020
  (Unaudited)
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $241,018,016 $ — $241,018,016
Common Stocks  — 1,867,539  — 1,867,539
Total $ — $242,885,555 $ — $242,885,555
    
(1) All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(5) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(6) Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period.  
(7) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(8) For fair value measurement disclosure purposes, investment classified as Level 2.  
(9) Non-income producing; issuer has not declared a dividend within the past twelve months.  
(10) Common Stock received as part of the bankruptcy settlement for Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23.  
(11) Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering cost as a percentage of Total Investments is 22.6%.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
ETM Escrowed to maturity  
IF Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.  
12