NPORT-EX 1 NQP.htm
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 158.1% (100.0% of Total Investments)        
    MUNICIPAL BONDS – 158.1% (100.0% of Total Investments)        
    Consumer Staples  – 0.4% (0.3% of Total Investments)        
$2,000   Pennsylvania Economic Development Financing Authority, Solid Waste Disposal Revenue Bonds, Procter & Gamble Paper Project, Series 2001, 5.375%, 3/01/31 (AMT)   No Opt. Call AA- $2,554,260
    Education and Civic Organizations – 18.2% (11.5% of Total Investments)        
1,160   Allegheny County Higher Education Building Authority, Pennsylvania, College Revenue Refunding Bonds, Robert Morris College, Series 1998A, 6.000%, 5/01/28   No Opt. Call Baa3 1,331,135
940   Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Duquesne University, Series 2013A, 3.500%, 3/01/34   3/23 at 100.00 A 958,339
    Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Robert Morris University, Series 2016:        
735   3.000%, 10/15/30   10/26 at 100.00 Baa3 688,254
1,000   5.000%, 10/15/38   10/26 at 100.00 Baa3 1,095,230
1,625   Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Robert Morris University, Series 2017, 5.000%, 10/15/47   10/27 at 100.00 Baa3 1,775,702
3,215   Bucks County Industrial Development Authority, Pennsylvania, Revenue Bonds, School Lane Charter School Project, Series 2016, 5.125%, 3/15/36   3/27 at 100.00 BBB- 3,588,872
835   Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School Revenue Bonds, Series 2017A, 5.000%, 12/15/47   12/27 at 100.00 BBB- 889,242
2,200   Crawford County Industrial Development Authority, Pennsylvania, College Revenue Bonds, Allegheny College, Series 2016, 3.000%, 5/01/34   5/26 at 100.00 A- 2,199,076
1,000   Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Dickinson College Project, Second Series 2017A, 5.000%, 11/01/39   11/27 at 100.00 A+ 1,172,410
1,470   Dallas Area Municipal Authority, Pennsylvania, Revenue Bonds, Misericordia University Project, Series 2019, 5.000%, 5/01/48   5/29 at 100.00 Baa3 1,615,736
1,020   Dallas Area Municipal Authority, Pennsylvania, Revenue Bonds, Misericordia University, Series 2014, 5.000%, 5/01/37   5/24 at 100.00 Baa3 1,085,107
750   Delaware County Authority, Pennsylvania, General Revenue Bonds, Eastern University, Series 2006, 4.500%, 10/01/27  –  RAAI Insured   7/19 at 100.00 AA 751,073
4,595   Erie Higher Education Building Authority, Pennsylvania, Revenue Bonds, Gannon University, Series 2016, 4.000%, 5/01/46   11/26 at 100.00 BBB+ 4,677,618
2,395   General Authority of Southcentral Pennsylvania, Revenue Bonds, AICUP Financing Program-York College of Pennsylvania, Series 2017 PP4, 3.375%, 11/01/37   10/27 at 100.00 A- 2,459,210
    Huntingdon County General Authority, Pennsylvania, Revenue Bonds, Juniata College, Series 2016OO2:        
590   3.250%, 5/01/36   5/26 at 100.00 BBB+ 566,742
1,555   3.500%, 5/01/41   5/26 at 100.00 BBB+ 1,496,999
1

NQP Nuveen Pennsylvania Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$815   Indiana County Industrial Development Authority, Pennsylvania, Revenue Bonds, Student Cooperative Association Inc/Indiana University of Pennsylvania - Student Union Project, Series 1999B, 0.000%, 11/01/19  –  AMBAC Insured   No Opt. Call N/R $809,645
    Lackawanna County Industrial Development Authority, Pennsylvania, Revenue Bonds, University of Scranton, Series 2017:        
475   3.375%, 11/01/33   11/27 at 100.00 A- 489,668
2,910   4.000%, 11/01/40   11/27 at 100.00 A- 3,049,505
5,235   Lycoming County Authority, Pennsylvania, Revenue Bonds, Pennsylvania College of Technology, Series 2012, 5.000%, 5/01/32   5/22 at 100.00 A 5,570,721
2,155   Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Arcadia University, Series 2010, 5.625%, 4/01/40   4/20 at 100.00 BBB 2,203,725
1,855   Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2018A, 5.000%, 9/01/48   9/28 at 100.00 A+ 2,167,605
1,465   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Holy Family University, Series 2013A, 6.500%, 9/01/38   9/23 at 100.00 BBB- 1,600,498
1,625   Pennsylvania Higher Educational Facilities Authority, General Revenue Bonds, State System of Higher Education, Series 2008AH, 5.000%, 6/15/33   7/19 at 100.00 Aa3 1,629,290
2,415   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, AICUP Financing Program-Mount Aloysius College Project, Series 2011R-1, 5.000%, 11/01/35   11/21 at 100.00 A- 2,579,099
    Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Bryn Mawr College, Refunding Series 2014:        
2,545   5.000%, 12/01/38   12/24 at 100.00 AA 2,950,978
2,080   5.000%, 12/01/44   12/24 at 100.00 AA 2,404,854
85   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Drexel University, Series 2011A, 5.250%, 5/01/41   5/21 at 100.00 A 89,935
1,000   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Gwynedd Mercy College, Series 2012-KK1, 5.375%, 5/01/42   5/22 at 100.00 BBB 1,068,510
320   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, LaSalle University, Series 2012, 4.000%, 5/01/32   11/22 at 100.00 BBB 325,178
2,000   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Temple University, First Series of 2012, 5.000%, 4/01/42   4/22 at 100.00 Aa3 2,141,220
7,125   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Thomas Jefferson University, Refunding Series 2015A, 5.250%, 9/01/50 (UB) (4)   3/25 at 100.00 A 8,088,300
760   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Thomas Jefferson University, Series 2012, 5.000%, 3/01/42   9/22 at 100.00 A+ 821,613
    Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of the Sciences in Philadelphia, Series 2012:        
1,030   4.000%, 11/01/39   11/22 at 100.00 Baa1 1,052,227
4,300   5.000%, 11/01/42   11/22 at 100.00 Baa1 4,619,017
1,310   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of the Sciences in Philadelphia, Series 2015A, 5.000%, 11/01/36   11/25 at 100.00 Baa1 1,472,597
1,590   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University, Series 2013A, 5.500%, 7/15/38   7/23 at 100.00 A- 1,732,893
3,005   Pennsylvania State University, Revenue Bonds, Series 2010, 5.000%, 3/01/35   3/20 at 100.00 Aa1 3,078,592
2

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$1,255   Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, La Salle University, Series 2017, 3.625%, 5/01/35   11/27 at 100.00 BBB $1,249,679
554   Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Leadership Learning Partners, Series 2005A, 5.375%, 7/01/36 (5)   7/19 at 100.00 N/R 5,540
4,500   Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Philadelphia Performing Arts Charter School, Series 2013, 6.750%, 6/15/43, 144A   6/20 at 100.00 BB 4,633,785
500   Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Richard Allen Preparatory Charter School, Series 2006, 6.250%, 5/01/33   7/19 at 100.00 N/R 458,245
2,420   Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, University of the Arts, Series 2017, 5.000%, 3/15/45, 144A   3/28 at 100.00 BB+ 2,535,434
5,250   Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, Revenue Bonds, Marywood University, Series 2016, 5.000%, 6/01/46   6/26 at 100.00 BB+ 5,437,792
2,320   Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, Revenue Bonds, University of Scranton, Series 2016, 5.000%, 11/01/37   5/26 at 100.00 A- 2,617,053
5,000   State Public School Building Authority, Pennsylvania, College Revenue Bonds, Northampton County Area Community College, Series 2011, 5.500%, 3/01/31   3/21 at 100.00 A1 5,300,000
3,555   Washington County Industrial Development Authority, Pennsylvania, College Revenue Bonds, AICUP Financing Program-Washington and Jefferson College Project, Series 2017-PP5, 3.375%, 11/01/36   11/27 at 100.00 A- 3,638,578
    Wilkes-Barre Finance Authority, Pennsylvania, Revenue Bonds, University of Scranton, Series 2015A:        
1,890   5.000%, 11/01/32   11/25 at 100.00 A- 2,187,259
740   5.000%, 11/01/33   11/25 at 100.00 A- 854,249
740   4.000%, 11/01/35   11/25 at 100.00 A- 770,925
99,909   Total Education and Civic Organizations       105,984,954
    Health Care – 33.6% (21.3% of Total Investments)        
17,120   Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018A, 4.000%, 4/01/44   4/28 at 100.00 A 18,317,031
    Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Ohio Valley General Hospital, Series 2005A:        
1,685   5.000%, 4/01/25   7/19 at 100.00 Caa1 1,662,303
4,160   5.125%, 4/01/35   7/19 at 100.00 Caa1 3,818,922
    Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of Pittsburgh Medical Center, Series 2019A:        
210   4.000%, 7/15/35   7/29 at 100.00 A+ 233,638
1,000   4.000%, 7/15/37   7/29 at 100.00 A+ 1,102,460
460   4.000%, 7/15/38   7/29 at 100.00 A+ 505,227
    Beaver County Hospital Authority, Pennsylvania, Revenue Bonds, Heritage Valley Health System, Inc, Series 2012:        
4,010   5.000%, 5/15/26   5/21 at 100.00 AA- 4,247,392
1,910   5.000%, 5/15/27   5/21 at 100.00 AA- 2,020,073
2,000   5.000%, 5/15/28   5/21 at 100.00 AA- 2,115,640
3

NQP Nuveen Pennsylvania Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Berks County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Tower Health Project, Series 2017:        
$7,485   5.000%, 11/01/50   11/27 at 100.00 A $8,569,951
4,100   5.000%, 11/01/50 (UB) (4)   11/27 at 100.00 A 4,694,295
3,300   Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Reading Hospital & Medical Center Project, Series 2012A, 4.500%, 11/01/41   5/22 at 100.00 A 3,435,894
4,000   Central Bradford Progress Authority, Pennsylvania, Revenue Bonds, Guthrie Health, Refunding Series 2011, 5.375%, 12/01/41   12/21 at 100.00 AA- 4,282,680
    Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical Center Project, Series 2016A:        
805   5.000%, 11/15/41   11/25 at 100.00 AA- 906,688
2,985   5.000%, 11/15/46   11/25 at 100.00 AA- 3,355,379
420   Chester County Health and Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Jefferson Health System, Series 2010A, 5.000%, 5/15/40   5/20 at 100.00 AA 430,559
    Chester County Health and Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Main Line Health System, Series 2017A:        
3,200   4.000%, 10/01/36   10/27 at 100.00 AA 3,522,848
1,935   4.000%, 10/01/37   10/27 at 100.00 AA 2,120,586
    Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle Health System Project, Refunding Series 2016A:        
1,375   5.000%, 6/01/34   6/26 at 100.00 A+ 1,605,986
375   5.000%, 6/01/35   6/26 at 100.00 A+ 436,781
3,460   Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle Health System Project, Series 2012A, 5.000%, 6/01/42   6/22 at 100.00 A+ 3,695,384
1,500   Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2013A, 5.000%, 7/01/28   7/23 at 100.00 BBB- 1,623,585
2,275   Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2016A, 5.000%, 7/01/41   7/26 at 100.00 BBB- 2,486,530
5,000   Dubois Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Penn Highlands Healthcare, Series 2018, 5.000%, 7/15/48   1/28 at 100.00 A- 5,760,200
4,555   Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2014A, 5.000%, 6/01/41   6/24 at 100.00 AA 5,054,046
1,370   Indiana County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Indiana Regional Medical Center, Series 2014A, 6.000%, 6/01/39   6/23 at 100.00 Ba1 1,502,369
2,200   Lancaster County Hospital Authority, Revenue Bonds, University of Pennsylvania Health System, Refunding Series 2016B, 5.000%, 8/15/46 (UB) (4)   8/26 at 100.00 AA 2,551,692
3,000   Lancaster County Hospital Authority, Revenue Bonds, University of Pennsylvania Health System, Series 2016A, 5.000%, 8/15/42 (UB) (4)   8/26 at 100.00 AA 3,503,160
3,450   Lehigh County General Purpose Authority, Pennsylvania, Hospital Revenue Bonds, Lehigh Valley Health Network, Refunding Series 2016A, 4.000%, 7/01/35   7/26 at 100.00 A+ 3,639,647
2,565   Lehigh County General Purpose Authority, Pennsylvania, Hospital Revenue Bonds, Lehigh Valley Health Network, Series 2012B, 4.000%, 7/01/43   7/22 at 100.00 A+ 2,627,483
4

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Lehigh County General Purpose Authority, Pennsylvania, Revenue Bonds, Good Shepherd Group, Refunding Series 2016:        
$1,265   3.000%, 11/01/36   5/26 at 100.00 A $1,271,616
2,850   4.000%, 11/01/41 (UB) (4)   5/26 at 100.00 A 2,964,969
4,955   4.000%, 11/01/46 (UB) (4)   5/26 at 100.00 A 5,146,808
4,600   Lehigh County General Purpose Authority, Pennsylvania, Revenue Bonds, Good Shepherd Group, Series 2012, 4.000%, 11/01/32   11/22 at 100.00 A 4,735,516
    Lycoming County Authority, Pennsylvania, Health System Revenue Bonds, Susquehanna Health System Project, Series 2009A:        
6,000   5.500%, 7/01/28   7/19 at 100.00 A+ 6,016,560
2,840   5.750%, 7/01/39   7/19 at 100.00 A+ 2,848,605
    Monroe County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Pocono Medical Center, Series 2016:        
1,020   3.375%, 7/01/32   7/26 at 100.00 A+ 1,046,897
2,650   5.000%, 7/01/41   7/26 at 100.00 A+ 3,017,343
925   Montgomery County Industrial Development Authority, Pennsylvania, Health Facilities Revenue Bonds, Jefferson Health System, Series 2012A, 5.000%, 10/01/41   4/22 at 100.00 AA 986,392
7,500   Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45   1/25 at 100.00 Ba1 8,281,950
4,000   Pennsylvania Economic Development Financing Authority, Revenue Bonds, University of Pittsburgh Medical Center, Series 2013A, 5.000%, 7/01/43   7/23 at 100.00 A+ 4,398,120
16,385   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania Health System, Refunding Series 2016C, 4.000%, 8/15/41 (UB) (4)   8/26 at 100.00 AA 17,595,361
3,100   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania Health System, Series 2012A, 5.000%, 8/15/42   8/22 at 100.00 AA 3,356,029
2,440   Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Children's Hospital of Philadelphia, Tender Option Bond Trust 2015-XF0114, 10.898%, 7/01/41, 144A (IF)   7/21 at 100.00 AA 2,863,608
4,885   Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series 2012A, 5.625%, 7/01/42   7/22 at 100.00 BBB- 5,280,880
    Pocono Mountains Industrial Park Authority, Pennsylvania, Hospital Revenue Bonds, Saint Luke's Hospital -Monroe Project, Series 2015A:        
3,000   5.000%, 8/15/40   2/25 at 100.00 A- 3,322,410
1,170   4.000%, 8/15/45   2/25 at 100.00 A- 1,215,197
3,000   Pottsville Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Lehigh Valley Health Network, Series 2016B, 5.000%, 7/01/45   1/27 at 100.00 A+ 3,430,110
2,000   Saint Mary Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Trinity Health Credit Group, Refunding Series 2019PA, 5.000%, 12/01/48   12/28 at 100.00 AA- 2,369,800
3,000   Southcentral Pennsylvania General Authority, Revenue Bonds, Wellspan Health Obligated Group, Refunding Series 2014A, 5.000%, 6/01/44   6/24 at 100.00 Aa3 3,327,630
2,000   Southcentral Pennsylvania General Authority, Revenue Bonds, Wellspan Health Obligated Group, Series 2019A, 5.000%, 6/01/49   6/29 at 100.00 Aa3 2,390,920
5

NQP Nuveen Pennsylvania Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$1,800   The Hospitals and Higher Education Facilities Authority of Philadelphia, Hospital Revenue Bonds, Pennsylvania, Temple University Health System Obligated Group, Series of 2017, 5.000%, 7/01/30   7/27 at 100.00 BBB- $2,060,190
3,470   Washington County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, The Washington Hospital Project, Series 2013A, 5.000%, 7/01/28   7/23 at 100.00 A 3,778,205
    West Shore Area Authority, Cumberland County, Pennsylvania, Hospital Revenue Bonds, Holy Spirit Hospital of the Sisters of Christian Charity, Series 2011B:        
1,835   5.625%, 1/01/32   1/22 at 100.00 AA 2,006,169
1,970   5.750%, 1/01/41   1/22 at 100.00 AA 2,160,952
575   Westmoreland County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Excela Health Project, Series 2010A, 5.125%, 7/01/30   7/20 at 100.00 A3 591,888
181,145   Total Health Care       196,292,554
    Housing/Multifamily – 1.2% (0.8% of Total Investments)        
160   Chester County Industrial Development Authority, Pennsylvania, Student Housing Revenue Bonds, University Student Housing, LLC Project at West Chester University Series 2013A, 5.000%, 8/01/45   8/23 at 100.00 Baa3 168,005
1,650   Clarion County Industrial Development Authority, Pennsylvania, Revenue Bonds, Clarion University Foundation Inc., Student Housing Project at Clarion University, Series 2014A, 5.000%, 7/01/45   7/24 at 100.00 Baa3 1,685,508
1,235   East Hempfield Township Industrial Development Authority, Pennsylvania, Student Services Inc.- Student Housing Project at Millersville University, Series 2014, 5.000%, 7/01/46   7/24 at 100.00 BBB- 1,305,123
1,900   East Hempfield Township Industrial Development Authority, Pennsylvania, Student Services Inc., Student Housing Project at Millersville University, Series 2015, 5.000%, 7/01/47   7/25 at 100.00 BBB- 2,025,780
270   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University Properties Inc., Student Housing Project at East Stroudsburg University of Pennsylvania, Series 2016A, 5.000%, 7/01/31   7/26 at 100.00 Baa3 298,925
1,632   Philadelphia Authority for Industrial Development, Pennsylvania, Multifamily Housing Revenue Bonds, Presbyterian Homes Germantown - Morrisville Project, Series 2005A, 5.625%, 7/01/35   7/19 at 100.00 Baa3 1,633,942
6,847   Total Housing/Multifamily       7,117,283
    Housing/Single Family – 15.4% (9.7% of Total Investments)        
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2012-114:        
4,750   3.300%, 10/01/32 (UB) (4)   10/21 at 100.00 AA+ 4,819,160
4,425   3.650%, 10/01/37   10/21 at 100.00 AA+ 4,496,464
2,275   3.650%, 10/01/37 (UB) (4)   10/21 at 100.00 AA+ 2,311,741
1,830   3.700%, 10/01/42 (UB) (4)   10/21 at 100.00 AA+ 1,855,821
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2015-116B:        
2,330   3.950%, 10/01/40 (UB) (4)   10/24 at 100.00 AA+ 2,416,094
3,000   4.000%, 4/01/45 (UB) (4)   10/24 at 100.00 AA+ 3,109,530
6

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Single Family (continued)        
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2015-117B:        
$3,290   3.900%, 10/01/35 (UB) (4)   10/24 at 100.00 AA+ $3,446,538
2,465   4.050%, 10/01/40 (UB) (4)   10/24 at 100.00 AA+ 2,569,294
2,045   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-119, 3.500%, 10/01/36   4/25 at 100.00 AA+ 2,116,759
7,000   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-120, 3.200%, 4/01/40 (UB) (4)   10/25 at 100.00 AA+ 7,032,760
22,450   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-121, 3.200%, 10/01/41 (UB) (4)   10/25 at 100.00 AA+ 22,759,137
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-122:        
2,000   3.650%, 10/01/32 (UB) (4)   4/26 at 100.00 AA+ 2,113,960
6,725   3.900%, 10/01/36 (UB) (4)   4/26 at 100.00 AA+ 7,133,544
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-123B:        
4,160   3.450%, 10/01/32 (UB) (4)   10/26 at 100.00 AA+ 4,363,507
4,165   3.900%, 10/01/37 (UB) (4)   10/26 at 100.00 AA+ 4,399,823
3,930   4.000%, 10/01/42 (UB) (4)   10/26 at 100.00 AA+ 4,129,762
5,000   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-124B, 3.500%, 10/01/37 (UB) (4)   10/26 at 100.00 AA+ 5,188,100
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2018-126A:        
2,400   3.700%, 10/01/33 (UB) (4)   4/27 at 100.00 AA+ 2,565,960
2,260   3.950%, 10/01/38 (UB) (4)   4/27 at 100.00 AA+ 2,390,967
600   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Tender Option Bonds Trust 2015-XF0109, 7.774%, 10/01/31, 144A (IF) (4)   10/22 at 100.00 AA+ 649,626
87,100   Total Housing/Single Family       89,868,547
    Industrials – 0.9% (0.6% of Total Investments)        
    Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding Bonds, Amtrak Project, Series 2012A:        
2,495   5.000%, 11/01/23 (AMT)   11/22 at 100.00 A1 2,720,274
545   5.000%, 11/01/27 (AMT)   11/22 at 100.00 A1 592,802
2,000   5.000%, 11/01/41 (AMT)   11/22 at 100.00 A1 2,156,860
5,040   Total Industrials       5,469,936
    Long-Term Care – 5.6% (3.6% of Total Investments)        
    Berks County Industrial Development Authority Healthcare Facilities Revenue Bonds, Pennsylvania, The Highlands at Wyomissing, Series 2018:        
1,000   5.000%, 5/15/43   5/25 at 102.00 BBB 1,103,520
400   5.000%, 5/15/48   5/25 at 102.00 BBB 440,236
7

NQP Nuveen Pennsylvania Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Long-Term Care (continued)        
    Berks County Industrial Development Authority, Pennsylvania, Healthcare Facilities Revenue Bonds, Highlands at Wyomissing, Series 2017A:        
$940   5.000%, 5/15/37   5/27 at 100.00 BBB $1,054,981
1,160   5.000%, 5/15/47   5/27 at 100.00 BBB 1,287,878
230   Chester County Health and Education Facilities Authority, Pennsylvania, Revenue Bonds, Simpson Senior Services Project, Series 2015A, 5.000%, 12/01/35   12/25 at 100.00 N/R 238,770
    Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2015:        
4,380   4.000%, 1/01/33   1/25 at 100.00 BBB+ 4,528,394
5,740   5.000%, 1/01/38   1/25 at 100.00 BBB+ 6,244,029
    Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2016:        
985   5.000%, 1/01/28   1/26 at 100.00 BBB+ 1,122,112
1,815   5.000%, 1/01/29   1/26 at 100.00 BBB+ 2,059,825
735   5.000%, 1/01/30   1/26 at 100.00 BBB+ 831,065
300   3.250%, 1/01/36   1/26 at 100.00 BBB+ 287,760
2,015   3.250%, 1/01/39   1/26 at 100.00 BBB+ 1,903,550
    Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2019A:        
690   4.125%, 1/01/38   1/29 at 100.00 BBB+ 720,588
1,410   5.000%, 1/01/39   1/29 at 100.00 BBB+ 1,606,907
650   Lancaster County Hospital Authority, Pennsylvania, Health Center Revenue Bonds, Masonic Villages Project, Series 2015, 5.000%, 11/01/35   5/25 at 100.00 A 725,426
530   Lancaster County Hospital Authority, Pennsylvania, Health Center Revenue Bonds, Saint Anne's Retirement Community, Inc, Series 2012, 5.000%, 4/01/33   4/22 at 100.00 BB+ 548,725
1,250   Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, Landis Homes Retirement Community Project, Refunding Series 2015A, 5.000%, 7/01/45   7/25 at 100.00 BBB- 1,335,550
    Lancaster Industrial Development Authority, Pennsylvania, Revenue Bonds, Garden Spot Village Project, Series 2013:        
1,000   5.375%, 5/01/28   5/23 at 100.00 BBB 1,090,680
1,665   5.750%, 5/01/35   5/23 at 100.00 BBB 1,831,317
1,500   Langhorne Manor Boro Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Woods Services Project, Series 2013, 4.000%, 11/15/38   7/19 at 100.00 A- 1,501,125
2,150   Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS Retirement-Life Communities, Inc., Obligated Group, Refunding Series 2012, 5.000%, 11/15/26   5/22 at 100.00 A- 2,340,017
30,545   Total Long-Term Care       32,802,455
    Materials – 1.2% (0.7% of Total Investments)        
6,455   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, National Gypsum Company, Refunding Series 2014, 5.500%, 11/01/44 (AMT)   11/24 at 100.00 N/R 6,860,180
    Tax Obligation/General – 24.0% (15.2% of Total Investments)        
840   Adams County, Pennsylvania, General Obligation Bonds, Series 2017B, 2.500%, 11/15/29   11/25 at 100.00 Aa2 860,790
8

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$1,700   Allegheny County, Pennsylvania, General Obligation Bonds, Series 2011C-65, 5.375%, 5/01/31   5/21 at 100.00 AA- $1,816,535
    Allegheny County, Pennsylvania, General Obligation Bonds, Series 2013C-72:        
2,780   5.250%, 12/01/32   12/23 at 100.00 AA- 3,188,771
2,000   5.250%, 12/01/33   12/23 at 100.00 AA- 2,291,640
    Allegheny County, Pennsylvania, General Obligation Bonds, Series 2014C-74:        
1,750   5.000%, 12/01/32   12/24 at 100.00 AA- 2,023,193
1,285   5.000%, 12/01/34   12/24 at 100.00 AA- 1,477,981
2,400   Allegheny County, Pennsylvania, General Obligation Bonds, Series 2018C-77, 5.000%, 11/01/43   11/28 at 100.00 AA- 2,888,016
5,100   Allegheny County, Pennsylvania, General Obligation Bonds, Series C69-C70 of 2012, 5.000%, 12/01/37   12/22 at 100.00 AA- 5,611,530
    Bethel Park School District, Allegheny County, Pennsylvania, General Obligation Bonds, Refunding Series 2016:        
1,500   4.000%, 8/01/31   8/26 at 100.00 Aa2 1,664,640
1,500   4.000%, 8/01/32   8/26 at 100.00 Aa2 1,659,840
1,255   4.000%, 8/01/33   8/26 at 100.00 Aa2 1,383,361
1,950   Boyertown Area School District, Berks and Montgomery Counties, Pennsylvania, General Obligation Bonds, Series 2015, 5.000%, 10/01/38   4/24 at 100.00 AA- 2,191,976
3,000   Bristol Township School District, Bucks County, Pennsylvania, General Obligation Bonds, Series 2013, 5.250%, 6/01/43   6/23 at 100.00 A2 3,340,410
    Canon-McMillan School District, Washington County, Pennsylvania, General Obligation Bonds, Series 2014D:        
3,000   5.000%, 12/15/37   12/24 at 100.00 AA 3,434,730
1,075   5.000%, 12/15/38  –  BAM Insured   12/24 at 100.00 AA 1,229,349
1,100   5.000%, 12/15/39   12/24 at 100.00 AA 1,257,817
7,465   Erie City School District, Erie County, Pennsylvania, General Obligation Bonds, Series 2000, 0.000%, 9/01/30  –  AMBAC Insured   No Opt. Call N/R 5,151,746
6,680   Gateway School District, Allegheny County, Pennsylvania, General Obligation Bonds, Refunding Series 2012, 4.000%, 10/15/32   10/22 at 100.00 Aa3 7,036,445
6,225   Lehighton Area School District, Carbon County, Pennsylvania, General Obligation Bonds, Limited Tax Series 2015A, 5.000%, 11/15/43  –  BAM Insured   11/23 at 100.00 AA 6,949,715
    North Allegheny School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series 2015:        
5,000   5.000%, 5/01/31   5/25 at 100.00 AA 5,864,900
4,000   5.000%, 5/01/32   5/25 at 100.00 AA 4,684,560
2,875   5.000%, 5/01/33   5/25 at 100.00 AA 3,358,230
    Pennsbury School District, Bucks County, Pennsylvania, General Obligation Bonds, Series 2016A:        
3,115   5.000%, 10/01/32   4/25 at 100.00 Aa2 3,637,759
1,000   5.000%, 10/01/33   4/25 at 100.00 Aa2 1,164,580
2,660   5.000%, 10/01/34   4/25 at 100.00 Aa2 3,085,041
2,045   5.000%, 10/01/35   4/25 at 100.00 Aa2 2,368,764
9

NQP Nuveen Pennsylvania Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$2,620   Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Junior Insured Series 2013C, 5.500%, 1/01/30  –  AGM Insured   1/24 at 100.00 AA $3,005,507
3,925   Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2007A, 5.000%, 6/01/34  –  NPFG Insured   No Opt. Call A+ 4,913,786
745   Pittsburgh School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series 2014A, 5.000%, 9/01/25  –  BAM Insured   9/22 at 100.00 AA 826,056
    Pittsburgh, Pennsylvania, General Obligation Bonds, Series 2012B:        
2,590   5.000%, 9/01/25   9/22 at 100.00 AA- 2,868,321
6,800   5.000%, 9/01/26   9/22 at 100.00 AA- 7,519,372
980   Radnor Township School District, Delaware County, Pennsylvania, General Obligation Bonds, Series 2012, 3.000%, 2/15/34   6/19 at 100.00 Aa1 980,216
1,000   Radnor Township, Pennsylvania, General Obligation Bonds, Series 2012, 4.000%, 11/01/37   11/22 at 100.00 Aa1 1,052,440
11,440   Reading School District, Berks County, Pennsylvania, General Obligation Bonds, Series 2003B, 0.000%, 1/15/32  –  NPFG Insured   No Opt. Call Baa2 7,859,966
    Scranton, Lackawanna County, Pennsylvania, General Obligation Notes, Series 2016:        
270   5.000%, 11/15/26   5/24 at 100.00 BB+ 297,764
2,925   5.000%, 11/15/32   5/24 at 100.00 BB+ 3,162,159
1,000   South Park School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series 2014, 3.375%, 8/01/32  –  BAM Insured   2/20 at 100.00 AA 1,004,790
21,000   State Public School Building Authority, Pennsylvania, Lease Revenue Bonds, Philadelphia School District, Series 2003, 5.500%, 6/01/28  –  AGM Insured (UB) (4)   No Opt. Call AA 26,788,440
    The Redevelopment Authority of the City of Scranton, Lackawanna County, Pennsylvania, Guaranteed Lease Revenue Bonds, Series 2016A:        
250   5.000%, 11/15/21   No Opt. Call BB+ 257,710
170   5.000%, 11/15/28   5/24 at 100.00 BB+ 174,563
129,015   Total Tax Obligation/General       140,333,409
    Tax Obligation/Limited – 9.8% (6.2% of Total Investments)        
1,290   Allegheny County Redevelopment Authority, Pennsylvania, TIF Revenue Bonds, Pittsburg Mills Project, Series 2004, 5.600%, 7/01/23   7/19 at 100.00 N/R 1,275,771
1,475   Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, Series 2012A, 5.000%, 5/01/35   5/22 at 100.00 Baa3 1,554,001
155   Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Series 2018, 5.000%, 5/01/33, 144A   5/28 at 100.00 Ba3 176,474
1,115   Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Refunding Project, Series 2017, 5.000%, 5/01/42, 144A   5/27 at 100.00 Ba3 1,221,572
    Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018:        
1,135   5.000%, 6/01/33   6/28 at 100.00 A1 1,366,756
7,215   4.000%, 6/01/39  –  AGM Insured (UB) (4)   6/28 at 100.00 AA 7,868,246
10

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Government of Guam, Business Privilege Tax Bonds, Series 2011A:        
$1,670   5.250%, 1/01/36   1/22 at 100.00 BB $1,754,853
655   5.125%, 1/01/42   1/22 at 100.00 BB 683,040
1,662   Monroe County Industrial Development Authority, Pennsylvania, Special Obligation Revenue Bonds, Tobyhanna Township Project, Series 2014, 6.875%, 7/01/33, 144A   7/24 at 100.00 N/R 1,711,561
3,500   Norristown Area School District, Pennsylvania, Installment Purchase Certificates of Participation, Series 2012, 5.000%, 4/01/32   4/22 at 100.00 Baa1 3,650,430
1,935   Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2011B, 5.000%, 12/01/41   12/21 at 100.00 A2 2,051,506
7,000   Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Bonds, Series 2013B-1, 5.250%, 12/01/43   12/23 at 100.00 AA- 7,736,120
    Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Bonds, Series 2014A:        
2,650   0.000%, 12/01/37 (6)   12/26 at 100.00 AA- 2,681,031
4,000   0.000%, 12/01/44 (6)   12/26 at 100.00 AA- 4,032,600
2,500   Pennsylvania Turnpike Commission, Oil Franchise Tax Revenue Bonds, Subordinate Series 2018B, 5.000%, 12/01/48   12/28 at 100.00 A+ 2,925,850
5,530   Philadelphia Authority For Industrial Development, Pennsylvania, City Agreement Revenue Bonds, Cultural and Commercial Corridors Program, Refunding Series 2016A, 5.000%, 12/01/30   12/25 at 100.00 A 6,466,561
3,820   Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Hotel Room Excise Tax Revenue Bonds, Refunding Series 2012, 5.000%, 2/01/26  –  AGM Insured   8/22 at 100.00 AA 4,190,349
4,225   Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.500%, 7/01/29  –  AMBAC Insured   No Opt. Call C 4,726,719
825   Washington County Redevelopment Authority, Pennsylvania, Tanger Outlet Victory Center Tax Increment Bonds, Series 2018, 5.000%, 7/01/35   1/28 at 100.00 BB 862,414
52,357   Total Tax Obligation/Limited       56,935,854
    Transportation – 9.9% (6.2% of Total Investments)        
    Delaware River Port Authority, Pennsylvania and New Jersey, Revenue Refunding Bonds, Port District Project, Series 2012:        
1,270   5.000%, 1/01/22   No Opt. Call A 1,373,607
2,425   5.000%, 1/01/23   No Opt. Call A 2,681,710
2,310   5.000%, 1/01/24   1/23 at 100.00 A 2,556,754
610   5.000%, 1/01/25   1/23 at 100.00 A 674,697
4,000   Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Series 2013A, 5.250%, 1/01/44  –  AGM Insured   1/24 at 100.00 AA 4,444,120
12,100   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009E, 6.375%, 12/01/38   12/27 at 100.00 A 15,576,330
820   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second Series 2016B-2, 5.000%, 6/01/39   6/26 at 100.00 A3 934,308
3,000   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2014C, 5.000%, 12/01/44   12/24 at 100.00 A+ 3,400,050
11

NQP Nuveen Pennsylvania Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
$10,470   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015B, 5.000%, 12/01/45 (UB) (4)   12/25 at 100.00 A1 $12,012,859
2,000   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, 6.250%, 6/01/33  –  AGM Insured   6/26 at 100.00 AA 2,536,300
    Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2017B-1:        
1,430   5.000%, 6/01/31   6/27 at 100.00 A3 1,689,988
1,430   5.000%, 6/01/33   6/27 at 100.00 A3 1,680,121
585   Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017A, 3.000%, 7/01/34  –  AGM Insured   7/27 at 100.00 AA 597,156
1,500   Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%, 7/01/42 (AMT)   7/27 at 100.00 A 1,740,180
1,865   Philadelphia, Pennsylvania, Airport Revenue Bonds, Series 2010A, 5.250%, 6/15/28   6/20 at 100.00 A 1,935,460
    Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Parking Revenue Bonds, Series 2017:        
1,000   5.000%, 12/15/30   12/27 at 100.00 A 1,193,480
500   5.000%, 12/15/33   12/27 at 100.00 A 589,445
550   5.000%, 12/15/34   12/27 at 100.00 A 645,678
1,000   5.000%, 12/15/36   12/27 at 100.00 A 1,168,260
250   5.000%, 12/15/37   12/27 at 100.00 A 290,808
49,115   Total Transportation       57,721,311
    U.S. Guaranteed – 17.6% (11.1% of Total Investments) (7)        
2,325   Allegheny County, Pennsylvania, General Obligation Bonds, Series 2011C-65, 5.375%, 5/01/31 (Pre-refunded 5/01/21)   5/21 at 100.00 N/R 2,496,562
6,025   Bethel Park School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series 2009, 5.000%, 8/01/29 (Pre-refunded 8/01/19)   8/19 at 100.00 Aa2 6,059,523
    Bucks County Water and Sewer Authority, Pennsylvania, Revenue Bonds, Tender Option Bond Trust 2015-XF0123:        
825   10.693%, 12/01/29 (Pre-refunded 12/01/21), 144A (IF) (4)   12/21 at 100.00 AA 1,043,064
1,665   10.701%, 12/01/33 (Pre-refunded 12/01/21), 144A (IF) (4)   12/21 at 100.00 AA 2,105,542
4,100   Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical Center Project, Series 2011, 7.000%, 11/15/46 (Pre-refunded 11/15/21)   11/21 at 100.00 AA- 4,635,583
    Centre County, Pennsylvania, General Obligation Bonds, Series 2012B:        
310   4.000%, 7/01/24 (Pre-refunded 7/01/20)   7/20 at 100.00 AA 318,466
915   4.000%, 7/01/26 (Pre-refunded 7/01/20)   7/20 at 100.00 AA 939,989
1,175   Chester County Health and Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Jefferson Health System, Series 2010A, 5.000%, 5/15/40 (Pre-refunded 5/15/20)   5/20 at 100.00 N/R 1,213,751
3,280   Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2010E, 5.000%, 1/01/40 (Pre-refunded 1/01/20)   1/20 at 100.00 A+ 3,348,126
3,000   Erie County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Saint Vincent Health Center Project, Series 2010A, 7.000%, 7/01/27 (Pre-refunded 7/01/20)   7/20 at 100.00 N/R 3,174,240
12

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (7) (continued)        
$6,845   Franklin County Industrial Development Authority, Pennsylvania, Revenue Bonds, Chambersburg Hospital Project, Series 2010, 5.375%, 7/01/42 (Pre-refunded 7/01/20)   7/20 at 100.00 AA- $7,128,246
3,385   Lancaster County Hospital Authority, Pennsylvania, Health System Revenue Bonds, Lancaster General Hospital Project, Tender Option Bond Trust 2015-XF0064, 10.904%, 7/01/42 (Pre-refunded 1/01/22), 144A (IF)   1/22 at 100.00 N/R 4,281,619
    Monroe County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Pocono Medical Center, Series 2012A:        
365   4.000%, 1/01/25 (Pre-refunded 1/01/22)   1/22 at 100.00 N/R 387,104
3,000   5.000%, 1/01/41 (Pre-refunded 1/01/22)   1/22 at 100.00 N/R 3,261,030
3,730   Montgomery County Higher Education and Health Authority, Pennsylvania, Hospital Revenue Bonds, Abington Memorial Hospital Obligated Group, Series 2012A, 5.000%, 6/01/31 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R 4,110,535
1,130   Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage Revenue Bonds, New Regional Medical Center Project, Series 2010, 5.375%, 8/01/38 (Pre-refunded 8/01/20)   8/20 at 100.00 N/R 1,180,342
3,010   Pennsylvania Economic Development Financing Authority, Health System Revenue Bonds , Albert Einstein Healthcare, Series 2009A, 6.250%, 10/15/23 (Pre-refunded 10/15/19)   10/19 at 100.00 N/R 3,060,478
1,415   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Drexel University, Series 2011A, 5.250%, 5/01/41 (Pre-refunded 5/01/21)   5/21 at 100.00 N/R 1,514,715
1,300   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Edinboro University Foundation Student Housing Project, Series 2010, 6.000%, 7/01/43 (Pre-refunded 7/01/20)   7/20 at 100.00 N/R 1,361,711
    Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Foundation for Student Housing at Indiana University, Project Series 2012A:        
1,000   5.000%, 7/01/27 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R 1,103,200
750   5.000%, 7/01/32 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R 827,400
1,195   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Philadelphia University, Refunding Series 2013, 5.000%, 6/01/32 (Pre-refunded 6/01/23)   6/23 at 100.00 N/R 1,358,452
420   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Shippensburg University Student Services, Inc., Student Housing Project at Shippensburg University of Pennsylvania, Series 2012, 5.000%, 10/01/44 (Pre-refunded 10/01/22)   10/22 at 100.00 N/R 467,498
2,015   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Thomas Jefferson University, Series 2010, 5.000%, 3/01/40 (Pre-refunded 3/01/20)   3/20 at 100.00 A+ 2,067,229
    Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2010A1&2:        
345   5.500%, 12/01/34 (Pre-refunded 12/01/20)   12/20 at 100.00 N/R 365,648
1,440   5.500%, 12/01/34 (Pre-refunded 12/01/20)   12/20 at 100.00 AA- 1,526,184
3,915   5.000%, 12/01/38 (Pre-refunded 12/01/19)   12/19 at 100.00 AA- 3,983,826
2,065   Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2011B, 5.000%, 12/01/41 (Pre-refunded 12/01/21)   12/21 at 100.00 N/R 2,244,283
3,180   Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2012A, 5.000%, 12/01/31 (Pre-refunded 12/01/21)   12/21 at 100.00 AA- 3,460,190
2,485   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Lien, Refunding Series 2010B-1, 5.000%, 12/01/37 (Pre-refunded 12/01/19)   12/19 at 100.00 A 2,528,686
13

NQP Nuveen Pennsylvania Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (7) (continued)        
$105   Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Twelfth Series 1990B, 7.000%, 5/15/20  –  NPFG Insured (ETM)   No Opt. Call N/R $110,379
7,165   Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40 (Pre-refunded 5/15/20)   5/20 at 100.00 N/R 7,401,302
585   Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Presbyterian Medical Center of Philadelphia, Series 1993, 6.650%, 12/01/19 (ETM)   No Opt. Call AA+ 599,964
3,345   Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2011, 6.500%, 8/01/41 (Pre-refunded 8/01/20)   8/20 at 100.00 A 3,536,668
1,470   Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2003AA, 5.500%, 7/01/19  –  NPFG Insured (ETM)   No Opt. Call N/R 1,474,366
    Saint Mary Hospital Authority, Pennsylvania, Health System Revenue Bonds, Catholic Health East, Series 2010A:        
55   5.000%, 11/15/40 (Pre-refunded 11/15/20)   11/20 at 100.00 N/R 57,762
605   5.000%, 11/15/40 (Pre-refunded 11/15/20)   11/20 at 100.00 AA- 635,377
1,613   South Fork Municipal Authority, Pennsylvania, Hospital Revenue Bonds, Conemaugh Valley Memorial Hospital, Series 2010, 5.500%, 7/01/29 (Pre-refunded 7/01/20)   7/20 at 100.00 N/R 1,681,004
    Union County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Evangelical Community Hospital Project, Refunding & Improvement Series 2011:        
3,130   6.875%, 8/01/31 (Pre-refunded 8/01/21)   8/21 at 100.00 A- 3,485,912
2,500   7.000%, 8/01/41 (Pre-refunded 8/01/21)   8/21 at 100.00 A- 2,788,600
    West Shore Area Authority, Cumberland County, Pennsylvania, Hospital Revenue Bonds, Holy Spirit Hospital of the Sisters of Christian Charity Project, Series 2011:        
325   6.250%, 1/01/31 (Pre-refunded 1/01/21)   1/21 at 100.00 AA 349,307
4,555   6.500%, 1/01/36 (Pre-refunded 1/01/21)   1/21 at 100.00 AA 4,912,567
1,930   Westmoreland County Municipal Authority, Pennsylvania, Municipal Service Revenue Bonds, Tender Option Bond Trust 2016-XF1058, 13.557%, 8/15/37 (Pre-refunded 8/15/23), 144A (IF) (4)   8/23 at 100.00 A+ 3,035,658
1,110   Wilkes-Barre Finance Authority, Pennsylvania, Revenue Bonds, University of Scranton, Series 2010, 5.000%, 11/01/40 (Pre-refunded 11/01/20)   11/20 at 100.00 A- 1,164,246
95,103   Total U.S. Guaranteed       102,786,334
    Utilities – 9.0% (5.7% of Total Investments)        
2,540   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35 (Mandatory Put 7/01/21) (5)   No Opt. Call N/R 2,349,500
3,000   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 4.375%, 1/01/35 (Mandatory Put 7/01/22) (5)   No Opt. Call N/R 3,000,000
6,210   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (Mandatory Put 6/01/20) (5)   No Opt. Call N/R 5,744,250
14

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$9,855   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2008A, 0.000%, 4/01/35 (5)   No Opt. Call N/R $9,115,875
7,250   Delaware County Industrial Development Authority, Pennsylvania, Revenue Bonds, Covanta Project, Refunding Series 2015A, 5.000%, 7/01/43   7/20 at 100.00 BB- 7,342,872
4,015   Luzerne County Industrial Development Authority, Pennsylvania, Water Facility Revenue Refunding Bonds, Pennsylvania-American Water Company, Series 2009, 5.500%, 12/01/39   12/19 at 100.00 A+ 4,092,650
2,220   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding Bonds, PPL Energy Supply, LLC Project, Series 2009A, 6.400%, 12/01/38   9/25 at 100.00 B 2,345,696
4,575   Pennsylvania Economic Development Financing Authority, Water Facilities Revenue Bonds, Aqua Pennsylvania, Inc., Project, Series 2009A, 5.000%, 10/01/39   10/19 at 100.00 AA- 4,622,626
5,000   Pennsylvania Economic Development Financing Authority, Water Facilities Revenue Bonds, Aqua Pennsylvania, Inc., Project, Series 2009B, 5.000%, 11/15/40   11/19 at 100.00 AA- 5,070,850
5,000   Philadelphia Gas Works, Pennsylvania, Revenue Bonds, General Ordinance, Fifteenth Series 2017, 5.000%, 8/01/47   8/27 at 100.00 A 5,809,700
2,735   Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Refunding Thirteenth Series 2015, 5.000%, 8/01/29   8/25 at 100.00 A 3,185,455
52,400   Total Utilities       52,679,474
    Water and Sewer – 11.3% (7.1% of Total Investments)        
    Allegheny County Sanitary Authority, Pennsylvania, Sewer Revenue Bonds, Refunding Series 2015:        
3,325   5.000%, 12/01/40   12/25 at 100.00 A+ 3,817,532
3,320   5.000%, 12/01/45   12/25 at 100.00 A+ 3,798,545
    Delaware County Regional Water Quality Control Authority, Pennsylvania, Sewer Revenue Bonds, Series 2015:        
1,110   5.000%, 5/01/40   5/25 at 100.00 Aa3 1,268,730
2,220   4.000%, 5/01/45   5/25 at 100.00 Aa3 2,355,664
    Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession, Capital Appreciation Series 2013B:        
7,295   0.000%, 12/01/34   No Opt. Call A 4,406,326
4,420   0.000%, 12/01/35   No Opt. Call A 2,565,943
12,500   Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession, Series 2013A, 5.125%, 12/01/47   12/23 at 100.00 A 14,024,750
1,100   Pennsylvania Economic Development Financing Authority, Sewage Sludge Disposal Revenue Bonds, Philadelphia Biosolids Facility Project, Series 2009, 6.250%, 1/01/32   1/20 at 100.00 BBB+ 1,122,506
6,560   Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2011A, 5.000%, 1/01/41   1/21 at 100.00 A+ 6,845,360
2,500   Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2013A, 5.125%, 1/01/43   1/22 at 100.00 A+ 2,678,975
    Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2018A:        
5,000   5.000%, 10/01/48 (UB) (4)   10/28 at 100.00 A+ 5,938,500
7,000   5.000%, 10/01/53 (UB) (4)   10/28 at 100.00 A+ 8,279,390
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NQP Nuveen Pennsylvania Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
$5,000   Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, First Lien Series 2013B, 5.250%, 9/01/40   9/23 at 100.00 A $5,673,300
2,840   Robinson Township Municipal Authority, Allegheny County, Pennsylvania, Water and Sewer Revenue Bonds, Series 2014, 4.000%, 5/15/40   11/19 at 100.00 AA 2,851,303
64,190   Total Water and Sewer       65,626,824
$861,221   Total Long-Term Investments (cost $865,683,913)       923,033,375
    Floating Rate Obligations – (22.2)%       (129,530,000)
    Variable Rate Demand Preferred Shares, net of deferred offering costs – (37.1)% (8)       (216,690,923)
    Other Assets Less Liabilities – 1.2% (9)       7,158,972
    Net Asset Applicable to Common Shares – 100%       $583,971,424
Investments in Derivatives
Futures Contracts  
Description Contract
Position
Number of
Contracts
Expiration
Date
Notional
Amount
Value Unrealized
Appreciation
(Depreciation)
Variation
Margin
Receivable/
(Payable)
U.S. Treasury 10-year Note Short (169) 9/30 $(21,420,750) $(21,076,249) $(344,501) $(124,109)
U.S. Treasury Long Bond Short (119) 9/30 (18,292,531) (17,718,597) (573,934) (152,469)
Total       $(39,713,281) $(38,794,846) $(918,435) $(276,578)
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
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).
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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 $ — $923,033,375 $ — $923,033,375
Investments in Derivatives:        
Futures Contracts* (918,435)  —  — (918,435)
Total $(918,435) $923,033,375 $ — $922,114,940
    
* Represents net unrealized appreciation (depreciation).
    
(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) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(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) 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.  
(8) Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 23.5%.  
(9) Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable.  
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.  
UB Underlying bond of an inverse floating rate trust reflected as a financing transaction.  
17