1

Nuveen

Intermediate

Duration

Quality

Municipal

Term

Fund

Portfolio

of

Investments

February

28,

2022

(Unaudited)

NIQ

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

LONG-TERM

INVESTMENTS

-

127.4%  (98.0%

of

Total

Investments)

MUNICIPAL

BONDS

-

124.8%

(98.0%

of

Total

Investments)

Alabama

-

2.0%

(1.6%

of

Total

Investments)

$

2,000

Alabama

Federal

Aid

Highway

Finance

Authority,

Federal

Highway

Grant

Anticipation

Revenue

Bonds,

Tender

Option

Bond

Trust

2016-XL0024,

21.573%,

9/01/26,

(Pre-refunded

9/01/22),

144A,

(IF)

(4)

9/22

at

100.00

AA

(5)

$

2,215,420

1,000

Lower

Alabama

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2016A,

5.000%,

9/01/34

No

Opt.

Call

A2

1,243,700

269

Tuscaloosa

County

Industrial

Development

Authority,

Alabama,

Gulf

Opportunity

Zone

Bonds,

Hunt

Refining

Project,

Refunding

Series

2019A,

4.500%,

5/01/32,

144A

2021

2021

5/29

at

100.00

N/R

275,690

3,269

Total

Alabama

3,734,810

Alaska

-

0.3%

(0.3%

of

Total

Investments)

500

Northern

Tobacco

Securitization

Corporation,

Alaska,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A

Class

1,

5.000%,

6/01/30

No

Opt.

Call

A

597,550

Arizona

-

3.1%

(2.4%

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

AA-

1,001,187

1,065

5.000%,

2/01/26

2/23

at

100.00

AA-

1,103,990

775

Phoenix

Civic

Improvement

Corporation,

Arizona,

Water

System

Revenue

Bonds,

Junior

Lien

Series

2021A,

5.000%,

7/01/45

7/31

at

100.00

AAA

961,271

Tempe,

Arizona,

Water

and

Sewer

Revenue

Bonds,

Series

2021:

1,150

5.000%,

7/01/40

7/31

at

100.00

AA+

1,448,770

1,000

5.000%,

7/01/41

7/31

at

100.00

AA+

1,257,830

4,955

Total

Arizona

5,773,048

California

-

11.0%

(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

3,171,420

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+

59,617

500

California

Health

Facilities

Financing

Authority,

California,

Revenue

Bonds,

Sutter

Health,

Refunding

Series

2017A,

5.000%,

11/15/36

11/27

at

100.00

A1

586,515

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-

2,482,654

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

420,272

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

2,119,372

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+

3,951,975

305

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-

310,905

Nuveen

Intermediate

Duration

Quality

Municipal

Term

Fund

(contin-

ued)

Portfolio

of

Investments

February

28,

2022

2

NIQ

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

California

(continued)

Jurupa

Community

Services

District,

California,

Special

Tax

Bonds,

Community

Facilities

District

31

Eastvale

Area,

Series

2013:

$

150

4.000%,

9/01/25

9/22

at

100.00

N/R

$

151,622

305

4.000%,

9/01/26

9/22

at

100.00

N/R

308,187

250

4.000%,

9/01/27

9/22

at

100.00

N/R

252,525

Los

Angeles

Department

of

Water

and

Power,

California,

Waterworks

Revenue

Bonds,

Series

2021B:

300

5.000%,

7/01/28

No

Opt.

Call

Aa2

362,544

700

5.000%,

7/01/29

No

Opt.

Call

Aa2

864,010

1,765

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

1,799,364

185

Riverside

County

Redevelopment

Agency,

California,

Tax

Allocation

Housing

Bonds,

Series

2011A,

8.000%,

10/01/26,

(ETM)

No

Opt.

Call

A

(5)

216,013

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

1,756,485

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

1,624,336

18,220

Total

California

20,437,816

Colorado

-

12.6%

(9.9%

of

Total

Investments)

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+

3,626,900

5,000

Colorado

Springs,

Colorado,

Utilities

System

Revenue

Bonds,

Refunding

Series

2017A-2,

5.000%,

11/15/47

11/27

at

100.00

AA+

5,782,900

Colorado

State

Board

of

Governors,

Colorado

State

University

Auxiliary

Enterprise

System

Revenue

Bonds,

Tender

Option

Bond

Trust

2016-XF2354:

100

21.733%,

3/01/25,

144A,

(IF)

(4)

No

Opt.

Call

AA

153,561

300

21.733%,

3/01/26,

144A,

(IF)

(4)

No

Opt.

Call

AA

508,608

430

21.684%,

3/01/27,

144A,

(IF)

(4)

No

Opt.

Call

AA

793,930

725

21.733%,

3/01/28,

144A,

(IF)

(4)

No

Opt.

Call

AA

1,441,445

200

21.733%,

3/01/29,

144A,

(IF)

(4)

No

Opt.

Call

AA

423,534

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

2,096,588

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

AA-

1,441,660

2,280

University

of

Colorado,

Enterprise

System

Revenue

Bonds,

Refunding

Series

2019B,

5.000%,

6/01/44

6/29

at

100.00

N/R

2,736,593

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

4,504,640

18,950

Total

Colorado

23,510,359

District

of

Columbia

-

4.0%

(3.2%

of

Total

Investments)

1,900

Metropolitan

Washington

Airports

Authority,

Virginia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

improvement

Projects,

Refunding

&

Subordinate

Lien

Series

2019B,

5.000%,

10/01/47

10/29

at

100.00

A-

2,219,257

4,000

Metropolitan

Washington

Airports

Authority,

Virginia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

Improvement

Projects,

Refunding

Second

Senior

Lien

Series

2022A,

4.000%,

10/01/52

-

AGM

Insured

10/31

at

100.00

N/R

4,428,600

3

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

District

of

Columbia

(continued)

$

720

Washington

Metropolitan

Area

Transit

Authority,

Dedicated

Revenue

Bonds,

Green

Series

2021A,

5.000%,

7/15/41

7/31

at

100.00

AA

$

900,749

6,620

Total

District

of

Columbia

7,548,606

Florida

-

5.8%

(4.6%

of

Total

Investments)

150

Atlantic

Beach,

Florida,

Healthcare

Facilities

Revenue

Refunding

Bonds,

Fleet

Landing

Project,

Series

2013A,

5.000%,

11/15/23

No

Opt.

Call

BBB

158,555

250

Belmont

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Phase

1

Project,

Series

2013A,

5.500%,

11/01/23

No

Opt.

Call

N/R

258,883

825

Broward

County,

Florida,

Half-Cent

Sales

Tax

Revenue

Bonds,

Refunding

Series

2020,

4.000%,

10/01/40

10/30

at

100.00

AA+

949,443

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

1,323,759

1,740

Cape

Coral,

Florida,

Water

and

Sewer

Revenue

Bonds,

Refunding

Series

2017,

5.000%,

10/01/33

10/27

at

100.00

A+

2,045,074

310

Capital

Trust

Agency,

Florida,

Fixed

Rate

Air

Cargo

Revenue

Refunding

Bonds,

Aero

Miami

FX,

LLC

Project,

Series

2010A,

5.350%,

7/01/29

3/22

at

100.00

Baa3

311,032

545

Central

Florida

Expressway

Authority,

Revenue

Bonds,

Senior

Lien

Series

2021D,

5.000%,

7/01/31

No

Opt.

Call

A+

692,308

685

Collier

County

Educational

Facilities

Authority,

Florida,

Revenue

Bonds,

Ave

Maria

University,

Refunding

Series

2013A,

4.500%,

6/01/23

No

Opt.

Call

BBB-

699,056

1,000

Florida

Mid-Bay

Bridge

Authority,

Revenue

Bonds,

1st

Senior

Lien

Series

2015A,

5.000%,

10/01/23

No

Opt.

Call

BBB+

1,056,010

500

Gainesville,

Florida,

Utilities

System

Revenue

Bonds,

Series

2017A,

5.000%,

10/01/37

10/27

at

100.00

Aa3

585,050

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+

1,436,470

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-

590,927

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+

325,353

380

Verandah

West

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Refunding

Series

2013,

4.000%,

5/01/23

No

Opt.

Call

N/R

383,830

9,870

Total

Florida

10,815,750

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-

1,035,988

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

1,157,890

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

1,712,233

3,490

Total

Georgia

3,906,111

Nuveen

Intermediate

Duration

Quality

Municipal

Term

Fund

(contin-

ued)

Portfolio

of

Investments

February

28,

2022

4

NIQ

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

Hawaii

-

1.9%

(1.5%

of

Total

Investments)

$

3,000

Honolulu

City

and

County,

Hawaii,

Wastewater

System

Revenue

Bonds,

First

Bond

Resolution,

Senior

Series

2018A,

5.000%,

7/01/37

1/28

at

100.00

Aa2

$

3,544,050

Illinois

-

10.8%

(8.5%

of

Total

Investments)

500

Cook

County,

Illinois,

General

Obligation

Bonds,

Refunding

Series

2021A,

5.000%,

11/15/31

11/30

at

100.00

A+

612,250

2,500

Cook

County,

Illinois,

General

Obligation

Bonds,

Tender

Option

Bond

Trust

2015-XF1007,

17.109%,

11/15/25,

144A,

(IF)

(4)

11/22

at

100.00

A+

2,778,775

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

4,469,800

2,500

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D,

5.000%,

11/01/27

No

Opt.

Call

BBB

2,875,175

5,000

Illinois

State,

General

Obligation

Bonds,

Series

2013,

5.000%,

7/01/23

No

Opt.

Call

BBB

5,249,100

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

332,343

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+

692,065

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

990,400

2,000

Springfield,

Illinois,

Electric

Revenue

Bonds,

Refunding

Senior

Lien

Series

2015,

5.000%,

3/01/33

3/25

at

100.00

A

2,189,500

18,455

Total

Illinois

20,189,408

Indiana

-

1.4%

(1.1%

of

Total

Investments)

930

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+

940,100

1,500

Indiana

Finance

Authority,

Lease

Appropriation

Bonds,

Stadium

Project,

Refunding

Series

2015A,

5.000%,

2/01/25

No

Opt.

Call

AA+

1,655,730

2,430

Total

Indiana

2,595,830

Kentucky

-

3.6%

(2.8%

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

1,172,510

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+

984,107

1,400

5.000%,

1/01/45

7/25

at

100.00

BBB+

1,528,660

3,000

Kentucky

Public

Transportation

Infrastructure

Authority,

Toll

Revenue

Bonds,

Downtown

Crossing

Project,

Capital

Appreciation

First

Tier

Series

2013B,

0.000%,

7/01/23

No

Opt.

Call

Baa2

2,937,810

6,325

Total

Kentucky

6,623,087

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

631,834

1,000

New

Orleans,

Louisiana,

Water

Revenue

Bonds,

Refunding

Series

2014,

5.000%,

12/01/22

No

Opt.

Call

A-

1,030,570

1,530

Total

Louisiana

1,662,404

5

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

Maine

-

2.8%

(2.2%

of

Total

Investments)

$

1,000

Maine

Health

and

Higher

Educational

Facilities

Authority

Revenue

Bonds,

Eastern

Maine

Medical

Center

Obligated

Group

Issue,

Series

2013,

5.000%,

7/01/33,

(Pre-refunded

7/01/23)

7/23

at

100.00

BBB

(5)

$

1,052,570

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+

509,637

565

5.000%,

7/01/48

7/28

at

100.00

A+

657,926

Maine

Turnpike

Authority,

Special

Obligation

Bonds,

Series

2014:

620

5.000%,

7/01/25

7/24

at

100.00

A+

671,801

340

5.000%,

7/01/27

7/24

at

100.00

A+

367,265

1,850

5.000%,

7/01/29

7/24

at

100.00

A+

1,997,463

4,810

Total

Maine

5,256,662

Maryland

-

0.5%

(0.4%

of

Total

Investments)

615

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017,

5.000%,

9/01/34

9/27

at

100.00

CCC

643,512

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-

313,884

925

Total

Maryland

957,396

Massachusetts

-

0.5%

(0.4%

of

Total

Investments)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

Medical

Center

Issue,

Series

2012C:

500

5.000%,

7/01/29,

(Pre-refunded

7/01/22)

7/22

at

100.00

Baa2

(5)

507,210

420

5.000%,

7/01/29

7/22

at

100.00

BBB

424,931

80

5.000%,

7/01/29,

(Pre-refunded

7/01/22)

7/22

at

100.00

N/R

(5)

81,153

1,000

Total

Massachusetts

1,013,294

Michigan

-

10.1%

(7.9%

of

Total

Investments)

1,000

Detroit

City

School

District,

Wayne

County,

Michigan,

General

Obligation

Bonds,

Tender

Option

Bond

Trust

3308,

22.690%,

5/01/30

-

AGM

Insured,

144A,

(IF)

(4)

No

Opt.

Call

Aa1

2,317,420

5

Detroit,

Michigan,

Sewer

Disposal

System

Revenue

Bonds,

Second

Lien,

Series

2006B,

5.000%,

7/01/36

-

FGIC

Insured

3/22

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

3/22

at

100.00

A+

5,018

370

Flint

Hospital

Building

Authority,

Michigan,

Building

Authority

Revenue

Bonds,

Hurley

Medical

Center,

Series

2013A,

5.000%,

7/01/23

No

Opt.

Call

BBB-

379,927

2,325

Michigan

Finance

Authority,

Distributable

State

Aid

Revenue

Bonds,

Charter

County

of

Wayne,

Second

Lien

Refunding

Series

2020,

4.000%,

11/01/36

11/30

at

100.00

AA

2,654,964

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)

2,037,655

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

3,156,870

1,500

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2007

Sold

Tobacco

Receipts,

Series

2020B-1-CL2,

5.000%,

6/01/49

12/30

at

100.00

BBB-

1,706,955

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

1,842,300

Nuveen

Intermediate

Duration

Quality

Municipal

Term

Fund

(contin-

ued)

Portfolio

of

Investments

February

28,

2022

6

NIQ

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

Michigan

(continued)

$

4,000

Michigan

State,

Trunk

Line

Fund

Bonds,

Rebuilding

Michigan

Program,

Series

2021A,

4.000%,

11/15/40

11/31

at

100.00

N/R

$

4,651,720

15,725

Total

Michigan

18,757,847

Minnesota

-

1.2%

(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-

2,216,760

100

Saint

Paul

Housing

and

Redevelopment

Authority,

Minnesota,

Lease

Revenue

Bonds,

Saint

Paul

Conservatory

for

Performing

Artists

Charter

School

Project,

Series

2013A,

3.700%,

3/01/22

No

Opt.

Call

BB

100,000

2,100

Total

Minnesota

2,316,760

Missouri

-

1.7%

(1.3%

of

Total

Investments)

3,000

Missouri

Joint

Municipal

Electric

Utility

Commission,

Power

Project

Revenue

Bonds,

Plum

Point

Project,

Refunding

Series

2014A,

5.000%,

1/01/23

No

Opt.

Call

A

3,101,760

Montana

-

1.4%

(1.1%

of

Total

Investments)

Montana

Facility

Finance

Authority,

Healthcare

Facility

Revenue

Bonds,

Kalispell

Regional

Medical

Center,

Series

2018B:

985

5.000%,

7/01/28

No

Opt.

Call

BBB

1,141,349

1,270

5.000%,

7/01/29

7/28

at

100.00

BBB

1,470,114

2,255

Total

Montana

2,611,463

Nebraska

-

1.6%

(1.3%

of

Total

Investments)

3,000

Central

Plains

Energy

Project,

Nebraska,

Gas

Project

3

Revenue

Bonds,

Series

2012,

5.000%,

9/01/32

9/22

at

100.00

A2

3,058,860

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-

589,077

1,000

Las

Vegas

Convention

and

Visitors

Authority,

Nevada,

Revenue

Bonds,

Series

2018C,

5.250%,

7/01/43

7/28

at

100.00

Aa3

1,181,120

Las

Vegas

Redevelopment

Agency,

Nevada,

Tax

Increment

Revenue

Bonds,

Refunding

Series

2016:

1,295

5.000%,

6/15/26

No

Opt.

Call

BBB+

1,459,103

1,210

5.000%,

6/15/27

6/26

at

100.00

BBB+

1,358,878

4,020

Total

Nevada

4,588,178

New

Jersey

-

4.3%

(3.4%

of

Total

Investments)

New

Jersey

Economic

Development

Authority,

Cigarette

Tax

Revenue

Refunding

Bonds,

Series

2012:

2,000

5.000%,

6/15/24,

(Pre-refunded

6/15/22)

6/22

at

100.00

BBB

(5)

2,025,220

1,000

5.000%,

6/15/28,

(Pre-refunded

6/15/22)

6/22

at

100.00

BBB

(5)

1,012,610

New

Jersey

Economic

Development

Authority,

Private

Activity

Bonds,

The

Goethals

Bridge

Replacement

Project,

Series

2013:

500

5.000%,

7/01/22,

(AMT)

No

Opt.

Call

A2

506,400

620

5.000%,

1/01/23,

(AMT)

No

Opt.

Call

A2

639,555

1,000

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Financing

Program

Bonds,

Tender

Option

Bond

Trust

2016-XF2340,

2.697%,

9/01/25,

144A,

(IF)

(4)

3/25

at

100.00

Baa1

1,064,300

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

1,024,600

7

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

New

Jersey

(continued)

$

1,225

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

Program

Bonds,

Series

2022BB,

4.000%,

6/15/46

12/31

at

100.00

N/R

$

1,322,302

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+

501,444

7,795

Total

New

Jersey

8,096,431

New

York

-

9.6%

(7.5%

of

Total

Investments)

495

Buffalo

and

Erie

County

Industrial

Land

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

System,

Inc.

Project,

Series

2015,

5.000%,

7/01/29

7/25

at

100.00

BBB

531,179

750

Buffalo

Sewer

Authority,

New

York,

Sewer

System

Environmental

Impact

Revenue

Bonds,

Green

Series

2021,

4.000%,

6/15/51

6/28

at

100.00

A+

824,130

500

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

School

Districts

Financing

Program,

Series

2021A,

5.000%,

10/01/32

-

AGM

Insured

10/29

at

100.00

AA

615,925

435

Liberty

Development

Corporation,

New

York,

Goldman

Sachs

Headquarters

Revenue

Bonds

Series

2007,

5.500%,

10/01/37

No

Opt.

Call

A2

594,580

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

4,120,673

1,390

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020C-1,

5.000%,

11/15/50

5/30

at

100.00

A3

1,603,810

750

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Refunding

Green

Climate

Certified

Series

2020E,

5.000%,

11/15/30

No

Opt.

Call

A3

909,060

880

New

York

City

Industrial

Development

Agency,

New

York,

PILOT

Payment

in

Lieu

of

Taxes

Revenue

Bonds,

Queens

Baseball

Stadium

Project,

Refunding

Series

2021A,

5.000%,

1/01/27

-

AGM

Insured

No

Opt.

Call

AA

1,010,715

710

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2021

Series

C,

5.000%,

8/01/43

8/30

at

100.00

AA

860,002

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

A2

2,241,960

1,000

New

York

State

Power

Authority,

General

Revenue

Bonds,

Series

2020A,

4.000%,

11/15/50

5/30

at

100.00

AA

1,109,670

1,500

Suffolk

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A-2,

5.000%,

6/01/30

No

Opt.

Call

N/R

1,799,715

560

Triborough

Bridge

and

Tunnel

Authority,

New

York,

General

Revenue

Bonds,

MTA

Bridges

&

Tunnels,

Series

2021A,

5.000%,

11/01/25

No

Opt.

Call

A1

632,234

1,000

Triborough

Bridge

and

Tunnel

Authority,

New

York,

Payroll

Mobility

Tax

Bonds,

Refunding

Senior

Lien

Subseries

2021A-2,

2.000%,

5/15/45,

(Mandatory

Put

5/15/2028)

No

Opt.

Call

AA+

1,007,420

15,515

Total

New

York

17,861,073

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-

1,385,475

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+

651,539

Nuveen

Intermediate

Duration

Quality

Municipal

Term

Fund

(contin-

ued)

Portfolio

of

Investments

February

28,

2022

8

NIQ

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

Ohio

(continued)

$

2,165

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

$

2,358,529

3,000

Ohio

Air

Quality

Development

Authority,

Ohio,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Generation

Project,

Refunding

Series

2006A,

3.750%,

12/01/23

(6)

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

1,266,576

6,935

Total

Ohio

4,280,394

Oklahoma

-

0.2%

(0.1%

of

Total

Investments)

255

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B,

5.250%,

8/15/43

8/28

at

100.00

Baa3

301,854

Oregon

-

1.7%

(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-

981,974

2,000

Port

of

Portland,

Oregon,

International

Airport

Revenue

Bonds,

Series

2017-24B,

5.000%,

7/01/36,

(AMT)

1/27

at

100.00

A+

2,272,260

2,965

Total

Oregon

3,254,234

Pennsylvania

-

2.3%

(1.8%

of

Total

Investments)

Erie

Higher

Education

Building

Authority,

Pennsylvania,

Revenue

Bonds,

Gannon

University

Project,

Series

2013:

500

4.000%,

5/01/22

No

Opt.

Call

BBB+

502,515

520

4.000%,

5/01/23

No

Opt.

Call

BBB+

535,954

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

1,896,044

1,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Subordinate

Series

2021A,

4.000%,

12/01/43

12/30

at

100.00

A

1,109,560

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

322,999

4,005

Total

Pennsylvania

4,367,072

Puerto

Rico

-

1.7%

(1.3%

of

Total

Investments)

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1:

660

4.500%,

7/01/34

7/25

at

100.00

N/R

713,414

2,175

4.550%,

7/01/40

7/28

at

100.00

N/R

2,409,487

2,835

Total

Puerto

Rico

3,122,901

South

Carolina

-

2.7%

(2.1%

of

Total

Investments)

1,000

Piedmont

Municipal

Power

Agency,

South

Carolina,

Electric

Revenue

Bonds,

Refunding

Series

2021A,

4.000%,

1/01/25

No

Opt.

Call

A-

1,068,860

1,500

Piedmont

Municipal

Power

Agency,

South

Carolina,

Electric

Revenue

Bonds,

Refunding

Series

2021D,

4.000%,

1/01/31

No

Opt.

Call

N/R

1,731,810

1,758

South

Carolina

Public

Service

Authority,

5.000%,

12/01/31

No

Opt.

Call

N/R

2,207,362

4,258

Total

South

Carolina

5,008,032

9

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

Tennessee

-

9.1%

(7.1%

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

$

1,174,490

1,605

5.000%,

7/01/37

7/28

at

100.00

A

1,881,846

Jackson,

Tennessee,

Hospital

Revenue

Bonds,

Jackson-

Madison

County

General

Hospital

Project,

Series

2018A:

2,180

5.000%,

4/01/35

10/28

at

100.00

N/R

2,571,070

110

5.000%,

4/01/35,

(Pre-refunded

10/01/28)

10/28

at

100.00

N/R

(5)

132,436

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+

1,484,942

2,170

5.000%,

1/01/26

1/23

at

100.00

A+

2,236,619

2,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Belmont

University

Project,

Refunding

&

Improvement

Series

2021,

4.000%,

5/01/46

5/31

at

100.00

N/R

2,223,300

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

524,367

1,400

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2006B,

5.625%,

9/01/26

No

Opt.

Call

BBB

1,615,404

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2006C:

1,490

5.000%,

2/01/24

No

Opt.

Call

A

1,586,269

1,365

5.000%,

2/01/25

No

Opt.

Call

A

1,491,140

15,210

Total

Tennessee

16,921,883

Texas

-

5.2%

(4.1%

of

Total

Investments)

1,225

Bexar

County

Hospital

District,

Texas,

Certificates

of

Obligation,

Series

2020,

5.000%,

2/15/45

2/29

at

100.00

Aa1

1,460,347

1,070

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Refunding

Subordinate

Lien

Series

2020G,

4.000%,

1/01/45

1/30

at

100.00

BBB+

1,162,534

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

2,013,420

Harris

County-Houston

Sports

Authority,

Texas,

Revenue

Bonds,

Refunding

Second

Lien

Series

2014C:

1,660

5.000%,

11/15/23

No

Opt.

Call

Baa1

1,746,071

960

5.000%,

11/15/25

11/24

at

100.00

Baa1

1,034,851

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

539,454

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Scott

&

White

Healthcare

Project,

Tender

Option

Bond

Trust

2016-XG0058:

100

22.153%,

8/15/22,

144A,

(IF)

(4)

No

Opt.

Call

AA-

109,788

155

21.946%,

8/15/24,

(Pre-refunded

8/15/23),

144A,

(IF)

(4)

8/23

at

100.00

AA-

(5)

198,759

200

22.153%,

8/15/26,

(Pre-refunded

8/15/23),

144A,

(IF)

(4)

8/23

at

100.00

AA-

(5)

257,016

175

21.905%,

8/15/27,

(Pre-refunded

8/15/23),

144A,

(IF)

(4)

8/23

at

100.00

AA-

(5)

224,310

915

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

1,029,686

9,465

Total

Texas

9,776,236

Nuveen

Intermediate

Duration

Quality

Municipal

Term

Fund

(contin-

ued)

Portfolio

of

Investments

February

28,

2022

10

NIQ

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

(“SEC”)

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund’s

notes

to

financial

statements,

please

refer

to

the

Fund’s

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund’s

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

Principal

Amount

(000)

Description

(1)

Optional

Call

Provisions

(2)

Ratings

(3)

Value

Utah

-

0.6%

(0.5%

of

Total

Investments)

$

435

Utah

Water

Finance

Agency,

Revenue

Bonds,

Pooled

Loan

Financing

Program,

Series

2017A,

5.000%,

3/01/35

3/27

at

100.00

AA

$

500,868

600

Utah

Water

Finance

Agency,

Revenue

Bonds,

Pooled

Loan

Financing

Program,

Series

2017C,

5.000%,

3/01/34

3/27

at

100.00

AA+

691,782

1,035

Total

Utah

1,192,650

Virgin

Islands

-

0.1%

(0.0%

of

Total

Investments)

100

Virgin

Islands

Public

Finance

Authority,

Gross

Receipts

Taxes

Loan

Note,

Refunding

Series

2012A,

4.000%,

10/01/22

-

AGM

Insured

No

Opt.

Call

AA

101,361

Virginia

-

0.8%

(0.6%

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

1,493,417

Washington

-

1.4%

(1.1%

of

Total

Investments)

700

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2015A,

5.000%,

4/01/27

10/24

at

100.00

AA-

761,586

210

Washington

State

Convention

Center

Public

Facilities

District,

Lodging

Tax

Revenue

Bonds,

Refunding

Series2021B.

Exchange

Purchase,

4.000%,

7/01/34

7/31

at

100.00

Baa1

234,616

1,550

Washington

State

Convention

Center

Public

Facilities

District,

Lodging

Tax

Revenue

Bonds,

Refunding

Subordinate

Series

2021B.  Exchange

Purchase,

4.000%,

7/01/43

7/31

at

100.00

Baa3

1,664,607

2,460

Total

Washington

2,660,809

Wisconsin

-

0.3%

(0.2%

of

Total

Investments)

University

of

Wisconsin

Hospitals

and

Clinics

Authority,

Revenue

Bonds,

Tender

Option

Bond

Trust

2015-XF0127:

50

20.614%,

4/01/22,

144A,

(IF)

(4)

No

Opt.

Call

AA-

50,867

100

21.437%,

4/01/23,

144A,

(IF)

(4)

No

Opt.

Call

AA-

121,774

185

21.048%,

4/01/24,

144A,

(IF)

(4)

4/23

at

100.00

AA-

224,522

100

21.437%,

4/01/25,

144A,

(IF)

(4)

4/23

at

100.00

AA-

121,774

435

Total

Wisconsin

518,937

$

210,307

Total

Municipal

Bonds

(cost

$224,506,614)

232,943,808

Shares

Description

(1)

Value

COMMON

STOCKS

-

2.6%

(2.0%

of

Total

Investments)

Independent

Power

and

Renewable

Electricity

Producers

-

2.6%

(2.0%

of

Total

Investments)

97,015

Energy

Harbor

Corp

(7),(8),(9)

4,831,347

Total

Common

Stocks

(cost

$2,765,568)

4,831,347

Total

Long-Term

Investments

(cost

$227,272,182)

237,775,155

Adjustable

Rate

MuniFund

Term

Preferred

Shares,

net

of

deferred

offering

costs

-

(29.5)%(10)

(

54,964,171

)

Other

Assets

Less

Liabilities

-

2.1%

3,801,348

Net

Assets

Applicable

to

Common

Shares

-

100%

$

186,612,332

11

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Municipal

Bonds

$

–

$

232,943,808

$

–

$

232,943,808

Common

Stocks

–

4,831,347

–

4,831,347

Total

$

–

$

237,775,155

$

–

$

237,775,155

(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

the

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)

Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(7)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

2.

(8)

Common

Stock

received

as

part

of

the

bankruptcy

settlement

during

February

2020

for

Ohio

Air

Quality

Development

Authority,

Ohio,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Generation

Project,

Refunding

Series

2006A,

3.750%,

12/01/23.

(9)

Non-Income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(10)

Adjustable

Rate

MuniFund

Term

Preferred

Shares,

net

of

deferred

offering

cost

as

a

percentage

of

Total

Investments

is

23.1%

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.