Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 155.6% (99.5% of Total Investments) | ||||||
MUNICIPAL BONDS – 153.3% (98.0% of Total Investments) | ||||||
Consumer Staples – 0.5% (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- | $2,723,720 | ||
Education and Civic Organizations – 16.7% (10.7% of Total Investments) | ||||||
1,060 | 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 | 1,195,044 | ||
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 | 974,160 | ||
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 | 702,756 | ||
1,000 | 5.000%, 10/15/38 | 10/26 at 100.00 | Baa3 | 1,071,800 | ||
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 | 1,729,699 | ||
Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Alvernia University Project, Series 2020: | ||||||
590 | 5.000%, 10/01/39 | 10/29 at 100.00 | BB+ | 597,428 | ||
20 | 5.000%, 10/01/49 | 10/29 at 100.00 | BB+ | 20,055 | ||
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- | 3,677,478 | ||
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- | 938,924 | ||
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- | 2,223,672 | ||
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+ | 1,203,110 | ||
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 | 1,586,439 | ||
1,020 | Dallas Area Municipal Authority, Pennsylvania, Revenue Bonds, Misericordia University, Series 2014, 5.000%, 5/01/37 | 5/24 at 100.00 | Baa3 | 1,072,153 | ||
750 | Delaware County Authority, Pennsylvania, General Revenue Bonds, Eastern Univsersity, Series 2006, 4.500%, 10/01/27 – RAAI Insured | 12/20 at 100.00 | AA | 750,510 | ||
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+ | 4,480,217 | ||
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- | 2,439,092 |
NQP | Nuveen Pennsylvania Quality Municipal Income Fund (continued) |
Portfolio of Investments November 30, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
Huntingdon County General Authority, Pennsylvania, Revenue Bonds, Juniata College, Series 2016OO2: | ||||||
$590 | 3.250%, 5/01/36 | 5/26 at 100.00 | BBB | $540,204 | ||
1,555 | 3.500%, 5/01/41 | 5/26 at 100.00 | BBB | 1,408,799 | ||
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- | 512,164 | ||
2,910 | 4.000%, 11/01/40 | 11/27 at 100.00 | A- | 3,250,033 | ||
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 | 5,491,515 | ||
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 | 2,166,269 | ||
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2019: | ||||||
3,410 | 4.000%, 9/01/44 | 9/29 at 100.00 | A | 3,766,413 | ||
395 | 4.000%, 9/01/49 | 9/29 at 100.00 | A | 433,090 | ||
1,465 | Pennsylvania Higher Educational Facilites Authority, Revenue Bonds, Holy Family University, Series 2013A, 6.500%, 9/01/38 | 9/23 at 100.00 | BBB- | 1,553,105 | ||
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 | BBB+ | 2,468,710 | ||
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+ | 2,900,740 | ||
2,080 | 5.000%, 12/01/44 | 12/24 at 100.00 | AA+ | 2,352,563 | ||
85 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Drexel University, Series 2011A, 5.250%, 5/01/41 | 5/21 at 100.00 | A- | 86,789 | ||
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 | 1,030,230 | ||
320 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, LaSalle University, Series 2012, 4.000%, 5/01/32 | 11/22 at 100.00 | BB+ | 316,234 | ||
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 | 8,023,106 | ||
760 | Pennsylvania HIgher Educational Facilities Authority, Revenue Bonds, Thomas Jefferson University, Series 2012, 5.000%, 3/01/42 | 9/22 at 100.00 | A | 804,217 | ||
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 | 1,030,154 | ||
4,300 | 5.000%, 11/01/42 | 11/22 at 100.00 | Baa1 | 4,398,255 | ||
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 | 1,393,774 | ||
1,590 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University, Series 2013A, 5.500%, 7/15/38 | 7/23 at 100.00 | A- | 1,665,096 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
$400 | Philadelphia Authority for Industrial Development, Pennsylvania, Charter School Revenue Bonds, Philadelphia Performing Arts: A String Theory Charter School, Series 2020, 5.000%, 6/15/50, 144A, (WI/DD, Settling 12/11/20) | 6/28 at 100.00 | BB+ | $451,484 | ||
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 | BB+ | 1,150,697 | ||
500 | Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Richard Allen Preparatory Charter School, Series 2006, 6.250%, 5/01/33 | 12/20 at 100.00 | N/R | 457,955 | ||
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Saint Joseph?s University Project, Refunding Series 2020C Forward Delivery: | ||||||
1,500 | 4.000%, 11/01/36 | 11/29 at 100.00 | A- | 1,699,740 | ||
1,400 | 4.000%, 11/01/37 | 11/29 at 100.00 | A- | 1,581,930 | ||
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+ | 2,491,269 | ||
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- | 2,694,309 | ||
5,250 | Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, University Revenue Bonds, Marywood University, Series 2016, 5.000%, 6/01/46 | 6/26 at 100.00 | BB+ | 5,302,710 | ||
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 | 5,066,100 | ||
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- | 3,738,331 | ||
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- | 2,194,006 | ||
740 | 5.000%, 11/01/33 | 11/25 at 100.00 | A- | 855,366 | ||
740 | 4.000%, 11/01/35 | 11/25 at 100.00 | A- | 810,041 | ||
92,870 | Total Education and Civic Organizations | 98,747,935 | ||||
Health Care – 35.9% (23.0% of Total Investments) | ||||||
17,315 | 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 | 19,158,701 | ||
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 | 244,075 | ||
1,000 | 4.000%, 7/15/37 | 7/29 at 100.00 | A | 1,151,370 | ||
460 | 4.000%, 7/15/38 | 7/29 at 100.00 | A | 527,436 | ||
Berks County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Tower Health Project, Series 2017: | ||||||
10,000 | 5.000%, 11/01/50 (UB) | 11/27 at 100.00 | BB+ | 10,486,100 | ||
4,100 | 5.000%, 11/01/50 (UB) | 11/27 at 100.00 | BB+ | 4,299,301 | ||
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 | BB+ | 3,313,992 |
NQP | Nuveen Pennsylvania Quality Municipal Income Fund (continued) |
Portfolio of Investments November 30, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
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- | $934,098 | ||
2,985 | 5.000%, 11/15/46 | 11/25 at 100.00 | AA- | 3,442,451 | ||
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 | 3,681,056 | ||
1,935 | 4.000%, 10/01/37 | 10/27 at 100.00 | AA | 2,220,741 | ||
6,395 | Chester County Health and Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Main Line Health System, Series 2020A, 4.000%, 9/01/50 | 9/30 at 100.00 | AA | 7,467,250 | ||
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 | 1,612,476 | ||
375 | 5.000%, 6/01/35 | 6/26 at 100.00 | A | 439,035 | ||
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 | 3,642,446 | ||
1,500 | Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2013A, 5.000%, 7/01/28 | 7/23 at 100.00 | BBB- | 1,614,090 | ||
2,275 | Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2016A, 5.000%, 7/01/41 | 7/26 at 100.00 | BBB- | 2,530,596 | ||
1,225 | Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2019A, 4.000%, 7/01/45 | 7/29 at 100.00 | BBB- | 1,294,176 | ||
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- | 5,813,150 | ||
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- | 5,105,062 | ||
10,000 | Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2020A, 4.000%, 4/01/50 | 4/30 at 100.00 | AA- | 11,499,700 | ||
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 | Ba3 | 1,456,433 | ||
3,385 | Lancaster County Hospital Authority, Pennsylvania, Health System Revenue Bonds, Lancaster General Hospital Project, Tender Option Bond Trust 2015-XF0065, 13.277%, 7/01/42, 144A (IF) (4) | 1/22 at 100.00 | N/R | 3,901,517 | ||
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 | 2,604,470 | ||
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 | 3,572,670 | ||
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+ | 3,868,002 | ||
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+ | 2,649,594 |
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 | $1,322,545 | ||
2,850 | 4.000%, 11/01/41 (UB) (4) | 5/26 at 100.00 | A | 3,098,976 | ||
4,955 | 4.000%, 11/01/46 (UB) (4) | 5/26 at 100.00 | A | 5,327,765 | ||
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 | 4,778,526 | ||
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+ | 1,111,433 | ||
2,650 | 5.000%, 7/01/41 | 7/26 at 100.00 | A+ | 3,082,957 | ||
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 | 8,110,875 | ||
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 | 4,389,160 | ||
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 | 18,485,557 | ||
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 | 3,304,693 | ||
13,525 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania Health System, Series 2019, 4.000%, 8/15/49 (UB) (4) | 8/29 at 100.00 | AA | 15,604,333 | ||
7,305 | Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Children's Hospital of Philadelphia, Series 2011C, 5.000%, 7/01/41 | 7/21 at 100.00 | AA | 7,459,428 | ||
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- | 5,175,560 | ||
1,800 | Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series of 2017, 5.000%, 7/01/30 | 7/27 at 100.00 | BBB- | 2,098,836 | ||
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- | 3,364,440 | ||
1,170 | 4.000%, 8/15/45 | 2/25 at 100.00 | A- | 1,238,398 | ||
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+ | 3,533,400 | ||
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- | 2,451,540 | ||
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 | 3,333,360 | ||
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 | 2,460,160 |
NQP | Nuveen Pennsylvania Quality Municipal Income Fund (continued) |
Portfolio of Investments November 30, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
$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 | $3,781,571 | ||
190,920 | Total Health Care | 212,043,501 | ||||
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 | Ba2 | 154,422 | ||
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 | A1 | 1,800,430 | ||
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 | BB+ | 1,238,162 | ||
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 | BB+ | 1,905,795 | ||
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 | 271,426 | ||
1,548 | Philadelphia Authority for Industrial Development, Pennsylvania, Multifamily Housing Revenue Bonds, Presbyterian Homes Germantown - Morrisville Project, Series 2005A, 5.625%, 7/01/35 | 12/20 at 100.00 | Baa3 | 1,548,635 | ||
6,763 | Total Housing/Multifamily | 6,918,870 | ||||
Housing/Single Family – 16.3% (10.4% 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+ | 4,816,025 | ||
4,425 | 3.650%, 10/01/37 (UB) (4) | 10/21 at 100.00 | AA+ | 4,473,011 | ||
2,275 | 3.650%, 10/01/37 (UB) (4) | 10/21 at 100.00 | AA+ | 2,299,684 | ||
1,830 | 3.700%, 10/01/42 (UB) (4) | 10/21 at 100.00 | AA+ | 1,847,897 | ||
2,330 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2015-116B, 3.950%, 10/01/40 (UB) (4) | 10/24 at 100.00 | AA+ | 2,456,333 | ||
3,290 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2015-117B, 3.900%, 10/01/35 (UB) (4) | 10/24 at 100.00 | AA+ | 3,489,900 | ||
1,985 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-119, 3.500%, 10/01/36 | 4/25 at 100.00 | AA+ | 2,084,071 | ||
6,730 | 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+ | 7,084,133 | ||
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+ | 23,671,953 |
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 2017-122: | ||||||
$2,000 | 3.650%, 10/01/32 (UB) (4) | 4/26 at 100.00 | AA+ | $2,154,800 | ||
5,380 | 3.900%, 10/01/36 (UB) (4) | 4/26 at 100.00 | AA+ | 5,814,327 | ||
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+ | 4,548,627 | ||
4,165 | 3.900%, 10/01/37 (UB) | 10/26 at 100.00 | AA+ | 4,521,691 | ||
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+ | 5,319,700 | ||
2,400 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2018-126A, 3.700%, 10/01/33 (UB) (4) | 4/27 at 100.00 | AA+ | 2,616,600 | ||
3,880 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-131A, 3.000%, 10/01/39 | 4/29 at 100.00 | AA+ | 4,196,802 | ||
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2020-132A: | ||||||
10,000 | 2.550%, 10/01/41 (UB) (4) | 10/29 at 100.00 | AA+ | 10,286,100 | ||
2,000 | 2.550%, 10/01/41 (UB) (4) | 10/29 at 100.00 | AA+ | 2,057,220 | ||
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2020-133: | ||||||
1,000 | 2.350%, 10/01/40 | 10/29 at 100.00 | AA+ | 1,032,490 | ||
1,350 | 2.500%, 10/01/45 | 10/29 at 100.00 | AA+ | 1,390,190 | ||
91,400 | Total Housing/Single Family | 96,161,554 | ||||
Industrials – 2.2% (1.4% of Total Investments) | ||||||
500 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, KDC Agribusiness Fairless Hills LLC Project, Series 2020A-1, 10.000%, 12/01/40, 144A | 6/30 at 100.00 | N/R | 532,130 | ||
500 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, KDC Agribusiness Fairless Hills LLC Project, Series 2020A-2, 10.000%, 12/01/40 (AMT), 144A | 6/30 at 100.00 | N/R | 532,130 | ||
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 | 6,686,347 | ||
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 | 2,702,135 | ||
545 | 5.000%, 11/01/27 (AMT) | 11/22 at 100.00 | A1 | 588,725 | ||
2,000 | 5.000%, 11/01/41 (AMT) | 11/22 at 100.00 | A1 | 2,135,520 | ||
12,495 | Total Industrials | 13,176,987 |
NQP | Nuveen Pennsylvania Quality Municipal Income Fund (continued) |
Portfolio of Investments November 30, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care – 6.2% (4.0% of Total Investments) | ||||||
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 | $1,028,181 | ||
1,160 | 5.000%, 5/15/47 | 5/27 at 100.00 | BBB | 1,246,524 | ||
Berks County Industrial Development Authority, Pennsylvania, Healthcare Facilities Revenue Bonds, The Highlands at Wyomissing, Series 2018: | ||||||
1,000 | 5.000%, 5/15/43 | 5/25 at 102.00 | BBB | 1,073,740 | ||
400 | 5.000%, 5/15/48 | 5/25 at 102.00 | BBB | 427,956 | ||
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 | 235,509 | ||
1,760 | Chester County Health and Education Facilities Authority, Pennsylvania, Revenue Bonds, Simpson Senior Services Project, Series 2019, 5.000%, 12/01/51 | 12/25 at 103.00 | N/R | 1,771,528 | ||
3,005 | Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Asbury Pennsylvania Obligated Group, Refunding Series 2019, 5.000%, 1/01/45 | 1/25 at 104.00 | N/R | 2,971,675 | ||
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+ | 4,550,382 | ||
5,740 | 5.000%, 1/01/38 | 1/25 at 100.00 | BBB+ | 6,148,057 | ||
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+ | 1,105,781 | ||
1,815 | 5.000%, 1/01/29 | 1/26 at 100.00 | BBB+ | 2,029,279 | ||
735 | 5.000%, 1/01/30 | 1/26 at 100.00 | BBB+ | 818,062 | ||
300 | 3.250%, 1/01/36 | 1/26 at 100.00 | BBB+ | 301,254 | ||
2,015 | 3.250%, 1/01/39 | 1/26 at 100.00 | BBB+ | 2,006,759 | ||
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+ | 733,601 | ||
1,410 | 5.000%, 1/01/39 | 1/29 at 100.00 | BBB+ | 1,591,566 | ||
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 | 719,505 | ||
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+ | 538,284 | ||
Lancaster County Hospital Authority, Pennsylvania, Health Center Revenue Bonds, Saint Anne's Retirement Community, Inc, Series 2020: | ||||||
975 | 5.000%, 3/01/40 | 3/27 at 102.00 | BB+ | 1,034,416 | ||
715 | 5.000%, 3/01/50 | 3/27 at 102.00 | BB+ | 747,375 | ||
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- | 1,311,412 | ||
1,500 | Langhorne Manor Boro Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Woods Services Project, Series 2013, 4.000%, 11/15/38 | 12/20 at 100.00 | A- | 1,502,370 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care (continued) | ||||||
Northampton County Industrial Development Authority, Pennsylvania, Revenue Bonds, Morningstar Senior Living, Inc, Series 2019: | ||||||
$1,845 | 5.000%, 11/01/44 | 11/26 at 103.00 | BB+ | $1,916,180 | ||
1,000 | 5.000%, 11/01/49 | 11/26 at 103.00 | BB+ | 1,033,380 | ||
35,030 | Total Long-Term Care | 36,842,776 | ||||
Tax Obligation/General – 18.2% (11.6% of Total Investments) | ||||||
840 | Adams County, Pennsylvania, General Obligation Bonds, Series 2017B, 2.500%, 11/15/29 | 11/25 at 100.00 | Aa2 | 908,452 | ||
Allegheny County, Pennsylvania, General Obligation Bonds, Series 2014C-74: | ||||||
1,750 | 5.000%, 12/01/32 | 12/24 at 100.00 | AA- | 2,042,320 | ||
1,285 | 5.000%, 12/01/34 | 12/24 at 100.00 | AA- | 1,494,121 | ||
2,400 | Allegheny County, Pennsylvania, General Obligation Bonds, Series 2018C-77, 5.000%, 11/01/43 | 11/28 at 100.00 | AA- | 3,008,088 | ||
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 | 1,743,450 | ||
1,255 | 4.000%, 8/01/33 | 8/26 at 100.00 | Aa2 | 1,441,844 | ||
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- | 2,213,347 | ||
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 | 3,483,720 | ||
1,075 | 5.000%, 12/15/38 – BAM Insured | 12/24 at 100.00 | AA | 1,246,935 | ||
1,100 | 5.000%, 12/15/39 | 12/24 at 100.00 | AA | 1,275,934 | ||
2,900 | Colonial School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2020, 5.000%, 2/15/44 | 2/27 at 100.00 | Aaa | 3,548,672 | ||
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 | 6,184,305 | ||
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 | 6,946,975 | ||
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 | 5,959,650 | ||
4,000 | 5.000%, 5/01/32 | 5/25 at 100.00 | AA | 4,758,120 | ||
2,875 | 5.000%, 5/01/33 | 5/25 at 100.00 | AA | 3,411,619 | ||
Penn Manor School District, Lancaster County, Pennsylvania, General Obligation Bonds, Series 2019A: | ||||||
1,000 | 4.000%, 3/01/35 | 9/27 at 100.00 | AA | 1,155,770 | ||
1,000 | 4.000%, 3/01/36 | 9/27 at 100.00 | AA | 1,152,560 |
NQP | Nuveen Pennsylvania Quality Municipal Income Fund (continued) |
Portfolio of Investments November 30, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Pennsbury School District, Bucks County, Pennsylvania, General Obligation Bonds, Series 2016A: | ||||||
$1,000 | 5.000%, 10/01/33 | 4/25 at 100.00 | Aa2 | $1,178,560 | ||
1,860 | 5.000%, 10/01/34 | 4/25 at 100.00 | Aa2 | 2,189,518 | ||
2,045 | 5.000%, 10/01/35 | 4/25 at 100.00 | Aa2 | 2,401,566 | ||
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 | 2,997,621 | ||
3,925 | Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2007A, 5.000%, 6/01/34 – NPFG Insured | No Opt. Call | A+ | 5,665,620 | ||
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 | 806,008 | ||
11,440 | Reading School District, Berks County, Pennsylvania, General Obligation Bonds, Series 2003B, 0.000%, 1/15/32 – NPFG Insured | No Opt. Call | Baa2 | 8,905,582 | ||
Scranton, Lackawanna County, Pennsylvania, General Obligation Notes, Series 2016: | ||||||
250 | 5.000%, 11/15/26 | 5/24 at 100.00 | BB+ | 275,073 | ||
2,925 | 5.000%, 11/15/32 | 5/24 at 100.00 | BB+ | 3,167,658 | ||
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 | 27,555,362 | ||
The Redevelopment Authority of the City of Scranton, Lackawanna county, Pennsylvania, Guaranteed Lease Revenue Bonds, Series 2016A: | ||||||
85 | 5.000%, 11/15/21 | No Opt. Call | BB+ | 85,445 | ||
170 | 5.000%, 11/15/28 | 5/24 at 100.00 | BB+ | 170,638 | ||
94,685 | Total Tax Obligation/General | 107,374,533 | ||||
Tax Obligation/Limited – 9.5% (6.0% of Total Investments) | ||||||
1,070 | Allegheny County Redevelopment Authority, Pennsylvania, TIF Revenue Bonds, Pittsburg Mills Project, Series 2004, 5.600%, 7/01/23 | 12/20 at 100.00 | N/R | 963,000 | ||
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 | 1,532,230 | ||
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 | Baa3 | 167,470 | ||
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 | Baa3 | 1,177,473 | ||
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 | 1,424,992 | ||
7,215 | 4.000%, 6/01/39 – AGM Insured (UB) (4) | 6/28 at 100.00 | AA | 8,309,732 | ||
1,180 | 4.000%, 6/01/39 – AGM Insured (UB) (4) | 6/28 at 100.00 | AA | 1,359,041 | ||
Government of Guam, Business Privilege Tax Bonds, Series 2011A: | ||||||
1,670 | 5.250%, 1/01/36 | 1/22 at 100.00 | BB | 1,729,218 | ||
655 | 5.125%, 1/01/42 | 1/22 at 100.00 | BB | 675,816 | ||
1,578 | 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 | 1,608,582 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Bonds, Series 2014A: | ||||||
$2,650 | 0.000%, 12/01/37 (5) | 12/26 at 100.00 | AA- | $2,956,181 | ||
4,000 | 0.000%, 12/01/44 (5) | 12/26 at 100.00 | AA- | 4,430,120 | ||
2,500 | Pennsylvania Turnpike Commission, Oil Franchise Tax Revenue Bonds, Subordinate Series 2018B, 5.000%, 12/01/48 | 12/28 at 100.00 | A+ | 3,002,900 | ||
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 | 6,614,599 | ||
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 | 4,076,131 | ||
4,225 | Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.500%, 7/01/29 – AMBAC Insured | No Opt. Call | C | 4,719,790 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
1,455 | 4.750%, 7/01/53 | 7/28 at 100.00 | N/R | 1,580,756 | ||
3,285 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 3,623,256 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2: | ||||||
705 | 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 753,617 | ||
532 | 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 568,687 | ||
3,344 | 4.784%, 7/01/58 | 7/28 at 100.00 | N/R | 3,640,412 | ||
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 | 855,311 | ||
50,119 | Total Tax Obligation/Limited | 55,769,314 | ||||
Transportation – 10.0% (6.4% of Total Investments) | ||||||
Delaware River Port Authority, Pennsylvania and New Jersey, Revenue Refunding Bonds, Port District Project, Series 2012: | ||||||
2,425 | 5.000%, 1/01/23 | No Opt. Call | A | 2,603,286 | ||
2,310 | 5.000%, 1/01/24 | 1/23 at 100.00 | A | 2,474,241 | ||
610 | 5.000%, 1/01/25 | 1/23 at 100.00 | A | 652,108 | ||
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 | 4,426,040 | ||
12,100 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009E, 6.375%, 12/01/38 | 12/27 at 100.00 | A | 15,917,308 | ||
820 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second Series 2016B-2, 5.000%, 6/01/39 | 6/26 at 100.00 | A3 | 964,017 | ||
3,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2014C, 5.000%, 12/01/44 | 12/24 at 100.00 | A+ | 3,401,820 | ||
10,470 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015B, 5.000%, 12/01/45 (UB) (4) | 12/25 at 100.00 | A1 | 12,237,126 |
NQP | Nuveen Pennsylvania Quality Municipal Income Fund (continued) |
Portfolio of Investments November 30, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Transportation (continued) | ||||||
$2,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, 6.250%, 6/01/33 – AGM Insured | 6/26 at 100.00 | AA | $2,555,540 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2017B-1: | ||||||
1,430 | 5.000%, 6/01/31 | 6/27 at 100.00 | A3 | 1,743,670 | ||
1,430 | 5.000%, 6/01/33 | 6/27 at 100.00 | A3 | 1,729,056 | ||
1,500 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2019A, 4.000%, 12/01/49 | 12/29 at 100.00 | A3 | 1,685,940 | ||
585 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017A, 3.000%, 7/01/34 – AGM Insured | 7/27 at 100.00 | AA | 618,749 | ||
1,500 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%, 7/01/47 (AMT) | 7/27 at 100.00 | A2 | 1,758,435 | ||
1,725 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2020A, 4.000%, 7/01/35 | 7/30 at 100.00 | A2 | 2,036,932 | ||
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 | 1,214,340 | ||
500 | 5.000%, 12/15/33 | 12/27 at 100.00 | A | 599,585 | ||
550 | 5.000%, 12/15/34 | 12/27 at 100.00 | A | 655,446 | ||
1,000 | 5.000%, 12/15/36 | 12/27 at 100.00 | A | 1,176,480 | ||
250 | 5.000%, 12/15/37 | 12/27 at 100.00 | A | 291,705 | ||
49,205 | Total Transportation | 58,741,824 | ||||
U.S. Guaranteed – 20.9% (13.4% of Total Investments) (6) | ||||||
1,700 | Allegheny County, Pennsylvania, General Obligation Bonds, Series 2011C-65, 5.375%, 5/01/31 (Pre-refunded 5/01/21) | 5/21 at 100.00 | AA- | 1,737,026 | ||
Allegheny County, Pennsylvania, General Obligation Bonds, Series 2013C-72: | ||||||
2,780 | 5.250%, 12/01/32 (Pre-refunded 12/01/23) | 12/23 at 100.00 | AA- | 3,196,611 | ||
2,000 | 5.250%, 12/01/33 (Pre-refunded 12/01/23) | 12/23 at 100.00 | AA- | 2,299,720 | ||
5,100 | Allegheny County, Pennsylvania, General Obligation Bonds, Series C69-C70 of 2012, 5.000%, 12/01/37 (Pre-refunded 12/01/22) | 12/22 at 100.00 | AA- | 5,587,713 | ||
Beaver County Hospital Authority, Pennsylvania, Revenue Bonds, Heritage Valley Health System, Inc, Series 2012: | ||||||
4,010 | 5.000%, 5/15/26 (Pre-refunded 5/15/21) | 5/21 at 100.00 | A3 | 4,096,897 | ||
1,910 | 5.000%, 5/15/27 (Pre-refunded 5/15/21) | 5/21 at 100.00 | A3 | 1,951,390 | ||
2,000 | 5.000%, 5/15/28 (Pre-refunded 5/15/21) | 5/21 at 100.00 | A3 | 2,043,340 | ||
3,000 | Bristol Township School District, Bucks County, Pennsylvania, General Obligation Bonds, Series 2013, 5.250%, 6/01/43 (Pre-refunded 6/01/23) | 6/23 at 100.00 | A2 | 3,376,380 | ||
4,000 | Central Bradford Progress Authority, Pennsylvania, Revenue Bonds, Guthrie Health, Refunding Series 2011, 5.375%, 12/01/41 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AA- | 4,204,880 | ||
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- | 4,360,760 | ||
6,680 | Gateway School District, Allegheny County, Pennsylvania, General Obligation Bonds, Refunding Series 2012, 4.000%, 10/15/32 (Pre-refunded 10/15/22) | 10/22 at 100.00 | A1 | 7,148,201 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed (6) (continued) | ||||||
Lancaster Industrial Development Authority, Pennsylvania, Revenue Bonds, Garden Spot Village Project, Series 2013: | ||||||
$1,000 | 5.375%, 5/01/28 (Pre-refunded 5/01/23) | 5/23 at 100.00 | N/R | $1,123,000 | ||
1,665 | 5.750%, 5/01/35 (Pre-refunded 5/01/23) | 5/23 at 100.00 | N/R | 1,884,813 | ||
6,685 | Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession, Series 2013A, 5.125%, 12/01/47 (Pre-refunded 12/01/23) | 12/23 at 100.00 | N/R | 7,640,220 | ||
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 | 379,235 | ||
3,000 | 5.000%, 1/01/41 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R | 3,149,310 | ||
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 | 3,992,853 | ||
925 | Montgomery County Industrial Development Authority, Pennsylvania, Health Facilities Revenue Bonds, Jefferson Health System, Series 2012A, 5.000%, 10/01/41 (Pre-refunded 4/01/22) | 4/22 at 100.00 | Aa3 | 984,218 | ||
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 (Pre-refunded 5/15/22) | 5/22 at 100.00 | A- | 2,300,285 | ||
3,500 | Norristown Area School District, Pennsylvania, Installment Purchase Certiicates of Participation, Series 2012, 5.000%, 4/01/32 (Pre-refunded 4/01/22) | 4/22 at 100.00 | N/R | 3,709,545 | ||
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 | 1,444,786 | ||
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 | 1,071,910 | ||
750 | 5.000%, 7/01/32 (Pre-refunded 7/01/22) | 7/22 at 100.00 | N/R | 803,932 | ||
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 | 1,335,902 | ||
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 | 456,494 | ||
2,000 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Temple University, First Series of 2012, 5.000%, 4/01/42 (Pre-refunded 4/01/22) | 4/22 at 100.00 | Aa3 | 2,128,040 | ||
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2011B: | ||||||
2,065 | 5.000%, 12/01/41 (Pre-refunded 12/01/21) | 12/21 at 100.00 | A2 | 2,164,120 | ||
1,935 | 5.000%, 12/01/41 (Pre-refunded 12/01/21) | 12/21 at 100.00 | A2 | 2,023,894 | ||
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- | 3,332,640 | ||
7,000 | Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Bonds, Series 2013B-1, 5.250%, 12/01/43 (Pre-refunded 12/01/23) | 12/23 at 100.00 | AA- | 8,003,730 | ||
6,560 | Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2011A, 5.000%, 1/01/41 (Pre-refunded 1/01/21) | 1/21 at 100.00 | A+ | 6,585,584 |
NQP | Nuveen Pennsylvania Quality Municipal Income Fund (continued) |
Portfolio of Investments November 30, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed (6) (continued) | ||||||
$2,500 | Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2013A, 5.125%, 1/01/43 (Pre-refunded 1/01/22) | 1/22 at 100.00 | A+ | $2,632,000 | ||
Pittsburgh, Pennsylvania, General Obligation Bonds, Series 2012B: | ||||||
2,590 | 5.000%, 9/01/25 (Pre-refunded 9/01/22) | 9/22 at 100.00 | AA- | 2,807,664 | ||
6,800 | 5.000%, 9/01/26 (Pre-refunded 9/01/22) | 9/22 at 100.00 | AA- | 7,371,472 | ||
1,000 | Radnor Township, Pennsylvania, General Obligation Bonds, Series 2012, 4.000%, 11/01/37 (Pre-refunded 11/01/22) | 11/22 at 100.00 | Aa1 | 1,071,550 | ||
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- | 3,266,374 | ||
2,500 | 7.000%, 8/01/41 (Pre-refunded 8/01/21) | 8/21 at 100.00 | A- | 2,610,475 | ||
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- | 326,596 | ||
4,555 | 6.500%, 1/01/36 (Pre-refunded 1/01/21) | 1/21 at 100.00 | AA- | 4,578,185 | ||
West Shore Area Authority, Cumberland County, Pennsylvania, Hospital Revenue Bonds, Holy Spirit Hospital of the Sisters of Christian Charity, Series 2011B: | ||||||
1,885 | 5.625%, 1/01/32 (Pre-refunded 1/01/22) | 1/22 at 100.00 | AA- | 1,994,688 | ||
1,970 | 5.750%, 1/01/41 (Pre-refunded 1/01/22) | 1/22 at 100.00 | AA- | 2,087,294 | ||
115,075 | Total U.S. Guaranteed | 123,263,727 | ||||
Utilities – 9.1% (5.8% 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 | Aa3 | 3,920,175 | ||
3,320 | 5.000%, 12/01/45 | 12/25 at 100.00 | Aa3 | 3,889,679 | ||
3,000 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 4.375%, 1/01/35 (Mandatory Put 7/01/22) | No Opt. Call | N/R | 3,022,500 | ||
2,540 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35 (7) | No Opt. Call | N/R | 3,175 | ||
9,855 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008A, 2.700%, 4/01/35 (7) | No Opt. Call | N/R | 12,319 | ||
6,210 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (7) | No Opt. Call | N/R | 7,762 | ||
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 | 1,296,091 | ||
2,220 | 4.000%, 5/01/45 | 5/25 at 100.00 | Aa3 | 2,393,449 | ||
5,815 | Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession, Series 2013A, 5.125%, 12/01/47 | 12/23 at 100.00 | A | 6,465,931 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utilities (continued) | ||||||
$295 | Luzerne County Industrial Development Authority, Pennsylvania, Revenue Bonds, Pennsylvania-American Water Company Project, Refunding Series 2019, 2.450%, 12/01/39 (AMT) (Mandatory Put 12/03/29) | 12/29 at 100.00 | A+ | $325,633 | ||
3,475 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, York Water Company Project, Refunding Series 2019A, 3.000%, 10/01/36 (AMT) | 10/29 at 100.00 | A- | 3,704,871 | ||
3,400 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, York Water Company Project, Refunding Series 2019B, 3.100%, 11/01/38 (AMT) | 11/29 at 100.00 | A- | 3,632,288 | ||
2,025 | 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 | 1,723,376 | ||
7,500 | Pennsylvania Economic Development Financing Authority, Revenue Bonds, Pennsylvania-American Water Company, Refunding Series 2019, 3.000%, 4/01/39 | 10/29 at 100.00 | A+ | 8,250,300 | ||
3,165 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, 1998 General Ordinance, Sixteenth Series 2020A, 5.000%, 8/01/50 – AGM Insured | 8/30 at 100.00 | AA | 4,024,867 | ||
5,000 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, General Ordinance, Fifteenth Series 2017, 5.000%, 8/01/47 | 8/27 at 100.00 | A | 5,963,400 | ||
2,735 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Refunding Thirteenth Series 2015, 5.000%, 8/01/29 | 8/25 at 100.00 | A | 3,226,343 | ||
1,000 | Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2019B, 5.000%, 11/01/54 | 11/29 at 100.00 | A+ | 1,255,590 | ||
350 | Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, First Lien Series 2020B, 4.000%, 9/01/50 – AGM Insured, (WI/DD, Settling 12/01/20) | 9/30 at 100.00 | AA | 413,763 | ||
66,340 | Total Utilities | 53,531,512 | ||||
Water and Sewer – 6.6% (4.2% of Total Investments) | ||||||
2,000 | Bethel Park Municipal Authority, Pennsylvania, Guaranteed Sewer Revenue Bonds, Series 2020B, 3.000%, 9/01/47 | 9/30 at 100.00 | AA | 2,143,620 | ||
Bucks County Water and Sewer Authority, Pennsylvania, Revenue Bonds, Tender Option Bond Trust 2015-XF0123: | ||||||
825 | 13.238%, 12/01/29, 144A (IF) (4) | 12/21 at 100.00 | AA | 943,800 | ||
1,665 | 13.250%, 12/01/33, 144A (IF) (4) | 12/21 at 100.00 | AA | 1,905,010 | ||
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 | 5,500,795 | ||
4,420 | 0.000%, 12/01/35 | No Opt. Call | A | 3,229,605 | ||
Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2018A: | ||||||
5,000 | 5.000%, 10/01/48 (UB) (4) | 10/28 at 100.00 | A+ | 6,177,600 | ||
7,000 | 5.000%, 10/01/53 (UB) (4) | 10/28 at 100.00 | A+ | 8,610,560 | ||
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 | 5,626,900 | ||
Westmoreland County Municipal Authority, Pennsylvania, Municipal Service Revenue Bonds, Refunding Series 2020: | ||||||
1,000 | 4.000%, 8/15/24 – AGM Insured | No Opt. Call | AA | 1,109,210 | ||
1,000 | 2.450%, 8/15/37 – AGM Insured | 8/28 at 100.00 | AA | 1,017,180 |
NQP | Nuveen Pennsylvania Quality Municipal Income Fund (continued) |
Portfolio of Investments November 30, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Water and Sewer (continued) | ||||||
$1,930 | Westmoreland County Municipal Authority, Pennsylvania, Municipal Service Revenue Bonds, Tender Option Bond Trust 2016-XF1058, 18.158%, 8/15/37, 144A (IF) (4) | 5/23 at 100.00 | AA+ | $2,910,112 | ||
37,135 | Total Water and Sewer | 39,174,392 | ||||
$844,037 | Total Municipal Bonds (cost $841,227,176) | 904,470,645 |
Shares | Description (8) | Value | ||||
COMMON STOCKS – 2.3% (1.5% of Total Investments) | ||||||
Electric Utilities – 2.3% (1.5% of Total Investments) | ||||||
601,606 | Energy Harbor Corp (9), (10), (11) | $13,574,036 | ||||
Total Common Stocks (cost $16,839,773) | 13,574,036 | |||||
Total Long-Term Investments (cost $858,066,949) | 918,044,681 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 0.8% (0.5% of Total Investments) | ||||||
MUNICIPAL BONDS – 0.8% (0.5% of Total Investments) | ||||||
Tax Obligation/Limited – 0.3% (0.2% of Total Investments) | ||||||
$1,875 | Commonwealth Financing Authority, Pennsylvania, Tobacco Master Settlement Payment Revenue Bonds, Variable Rate Demand Obligations, Tender Option Bond Trust Series 2018-XX1080, 0.190%, 6/01/35 , 144A (12) | 6/28 at 100.00 | VMIG1 | $1,875,000 | ||
Utilities – 0.5% (0.3% of Total Investments) | ||||||
2,500 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Eighth Series, Variable Rate Demand Obligations, Series 2009E, 0.100%, 8/01/31 (Mandatory Put 12/07/20) (12) | 12/20 at 100.00 | A-1+ | 2,500,000 | ||
$4,375 | Total Short-Term Investments (cost $4,375,000) | 4,375,000 | ||||
Total Investments (cost $862,441,949) – 156.4% | 922,419,681 | |||||
Floating Rate Obligations – (22.7)% | (133,995,000) | |||||
Variable Rate Demand Preferred Shares, net of deferred offering costs – (36.7)% (13) | (216,742,661) | |||||
Other Assets Less Liabilities – 3.0% | 18,254,398 | |||||
Net Asset Applicable to Common Shares – 100% | $589,936,418 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $904,470,645 | $ — | $904,470,645 |
Common Stocks | — | 13,574,036 | — | 13,574,036 |
Short-Term Investments: | ||||
Municipal Bonds | — | 4,375,000 | — | 4,375,000 |
Total | $ — | $922,419,681 | $ — | $922,419,681 |
NQP | Nuveen Pennsylvania Quality Municipal Income Fund (continued) |
Portfolio of Investments November 30, 2020 | |
(Unaudited) |
(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) | 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. | |
(6) | 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. | |
(7) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(8) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(9) | Common Stock received as part of the bankruptcy settlements for Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35; Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 4.375%, 1/01/35; and Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35. | |
(10) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(11) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(12) | Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index. | |
(13) | Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 23.5%. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
IF | Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust. | |
UB | Underlying bond of an inverse floating rate trust reflected as a financing transaction. | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |