NPORT-EX 2 NUO.htm
NUO
Nuveen Ohio Quality Municipal Income Fund
Portfolio of Investments    May 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 150.1% (100.0% of Total Investments)        
    MUNICIPAL BONDS – 149.3% (99.5% of Total Investments)        
    Consumer Discretionary  – 0.6% (0.4% of Total Investments)        
$2,180   Franklin County Convention Facilities Authority, Ohio, Hotel Project Revenue Bonds, Greater Columbus Convention Center Hotel Expansion Project, Series 2019, 5.000%, 12/01/51   12/29 at 100.00 BBB- $1,996,291
    Consumer Staples  – 4.2% (2.8% of Total Investments)        
20,605   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Capital Appreciation Series 2020B-3 Class 2, 0.000%, 6/01/57   6/30 at 22.36 N/R 2,665,463
1,025   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 4.000%, 6/01/48   6/30 at 100.00 BBB+ 1,084,778
9,595   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55   6/30 at 100.00 N/R 9,697,378
31,225   Total Consumer Staples       13,447,619
    Education and Civic Organizations – 11.2% (7.5% of Total Investments)        
    Lorain County Community College District, Ohio, General Receipts Revenue Bonds, Refunding Series 2017:        
1,305   5.000%, 12/01/32   6/27 at 100.00 Aa2 1,611,584
1,200   5.000%, 12/01/33   6/27 at 100.00 Aa2 1,476,096
505   5.000%, 12/01/34   6/27 at 100.00 Aa2 619,201
    Miami University of Ohio, General Receipts Bonds, Refunding Series 2011:        
130   5.000%, 9/01/33   9/21 at 100.00 AA 137,350
1,960   5.000%, 9/01/36   9/21 at 100.00 AA 2,068,290
    Miami University of Ohio, General Receipts Bonds, Refunding Series 2014:        
4,375   5.000%, 9/01/33   9/24 at 100.00 AA 5,142,462
2,500   4.000%, 9/01/39   9/24 at 100.00 AA 2,728,050
2,585   Miami University of Ohio, General Receipts Bonds, Refunding Series 2017, 5.000%, 9/01/41   9/26 at 100.00 AA 3,102,259
    Miami University of Ohio, General Receipts Bonds, Series 2012:        
480   4.000%, 9/01/32   9/22 at 100.00 AA 507,898
1,000   4.000%, 9/01/33   9/22 at 100.00 AA 1,056,370
    Ohio Higher Educational Facilities Commission, Revenue Bonds, Denison University Project, Series 2012:        
120   5.000%, 11/01/27   5/22 at 100.00 AA 129,697
590   5.000%, 11/01/32   5/22 at 100.00 AA 631,719
1

NUO Nuveen Ohio Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$5,000   Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton, Refunding Series 2013, 5.000%, 12/01/43   12/22 at 100.00 A+ $5,233,200
1,000   Tuscarawas County Economic Development and Finance Alliance, Ohio, Higher Education Facilities Revenue Bonds, Ashland University, Refunding & Improvement Series 2015, 6.000%, 3/01/45   3/25 at 100.00 N/R 1,011,390
1,000   University of Cincinnati, Ohio, General Receipts Bonds, Green Bond Series 2014C, 5.000%, 6/01/41   12/24 at 100.00 AA- 1,141,730
3,175   University of Cincinnati, Ohio, General Receipts Bonds, Series 2016C, 5.000%, 6/01/46   6/26 at 100.00 AA- 3,712,940
1,375   University of Kentucky, General Receipts Bonds, University of Kentucky Mixed-Use Parking Project, Series 2019A, 4.000%, 5/01/44   5/29 at 100.00 AA- 1,568,229
    Youngstown State University, Ohio, General Receipts Bonds, Refunding Series 2017:        
1,555   5.000%, 12/15/29   12/26 at 100.00 A+ 1,804,546
1,670   5.000%, 12/15/30   12/26 at 100.00 A+ 1,922,838
31,525   Total Education and Civic Organizations       35,605,849
    Health Care – 14.4% (9.6% of Total Investments)        
3,000   Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Revenue Bonds, Children's Hospital Medical Center, Improvement Series 2013, 5.000%, 11/15/38   5/23 at 100.00 AA- 3,179,310
    Chillicothe, Ohio, Hospital Facilities Revenue Bonds, Adena Health System Obligated Group Project, Refunding & Improvement Series 2017:        
2,250   5.000%, 12/01/37   12/27 at 100.00 A- 2,621,588
1,000   5.000%, 12/01/47   12/27 at 100.00 A- 1,131,650
2,945   Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group, Series 2019A, 4.000%, 11/15/43   11/29 at 100.00 AA 3,271,630
1,660   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 4.000%, 8/01/49   8/29 at 100.00 BBB+ 1,690,328
2,400   Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center Project, Series 2013, 5.000%, 6/15/43   6/23 at 100.00 Ba2 2,507,016
250   Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Series 2011A, 5.000%, 11/15/41   11/21 at 100.00 AA+ 260,848
1,730   Franklin County, Ohio, Revenue Bonds, Trinity Health Credit Group, Series 2017A, 5.000%, 12/01/47   12/27 at 100.00 AA- 2,000,416
200   Franklin County, Ohio, Revenue Bonds, Trinity Health Credit Group, Series 2019A, 4.000%, 12/01/49   12/29 at 100.00 AA- 216,466
300   Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc, Refunding Series 2008C, 6.000%, 8/15/43   6/20 at 100.00 A- 300,702
820   Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health Center Project, Refunding Series 2011, 5.250%, 8/01/41   8/21 at 100.00 A2 843,796
6,105   Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated Group Project, Series 2013, 5.000%, 2/15/44   2/23 at 100.00 BB+ 6,216,660
4,500   North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A, 4.000%, 11/01/49   11/29 at 100.00 AA- 4,945,635
2

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Ohio Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health System Project, Series 2010:        
$1,520   5.250%, 11/15/40  –  AGM Insured   6/20 at 100.00 AA $1,523,101
555   5.750%, 11/15/40  –  AGM Insured   6/20 at 100.00 AA 556,338
2,090   Ohio State, Hospital Revenue Bonds, Cleveland Clinic Health System Obligated Group, Refunding Series 2017A, 5.000%, 1/01/33   1/28 at 100.00 AA 2,588,005
    Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2013A:        
1,000   5.000%, 1/15/28   1/23 at 100.00 A 1,081,110
2,000   5.000%, 1/15/29   1/23 at 100.00 A 2,158,620
555   Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 4.000%, 8/01/44   8/29 at 100.00 BBB+ 568,353
    Wood County, Ohio, Hospital Facilities Refunding and Improvement Revenue Bonds, Wood County Hospital Project, Series 2012:        
2,670   5.000%, 12/01/37   12/22 at 100.00 Ba3 2,700,278
5,510   5.000%, 12/01/42   12/22 at 100.00 Ba3 5,537,550
43,060   Total Health Care       45,899,400
    Housing/Multifamily – 1.0% (0.7% of Total Investments)        
115   Franklin County, Ohio, GNMA Collateralized Multifamily Housing Mortgage Revenue Bonds, Agler Project, Series 2002A, 5.550%, 5/20/22 (AMT)   6/20 at 100.00 Aaa 115,408
3,265   Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments Project, Series 2007, 5.250%, 9/20/47 (AMT)   6/20 at 100.00 Aa1 3,271,465
3,380   Total Housing/Multifamily       3,386,873
    Industrials – 1.2% (0.8% of Total Investments)        
3,495   Toledo-Lucas County Port Authority, Ohio, Revenue Refunding Bonds, CSX Transportation Inc, Series 1992, 6.450%, 12/15/21   No Opt. Call A3 3,787,986
    Long-Term Care – 0.3% (0.2% of Total Investments)        
895   Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement Services, Improvement Series 2010A, 5.625%, 7/01/26   7/20 at 100.00 BBB 897,837
    Tax Obligation/General – 15.0% (10.0% of Total Investments)        
2,500   Clark-Shawnee Local School District, Clark County, Ohio, General Obligation Bonds, School Facilities Construction & Improvement Series 2017, 5.000%, 11/01/54   11/27 at 100.00 AA 3,025,900
1,050   Cleveland, Ohio, General Obligation Bonds, Various Purpose Series 2018, 5.000%, 12/01/43   6/28 at 100.00 AA+ 1,296,026
    Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Refunding Series 2006:        
4,310   0.000%, 12/01/27  –  AGM Insured   No Opt. Call AA 3,949,770
5,835   0.000%, 12/01/28  –  AGM Insured   No Opt. Call AA 5,234,170
2,250   Columbus, Ohio, General Obligation Bonds, Various Purpose Series 2018A, 5.000%, 4/01/29   10/28 at 100.00 AAA 3,010,613
3

NUO Nuveen Ohio Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Dublin, Ohio, General Obligation Bonds, Limited Tax Various Purpose Series 2015:        
$900   5.000%, 12/01/32   12/25 at 100.00 Aaa $1,098,810
1,000   5.000%, 12/01/34   12/25 at 100.00 Aaa 1,215,510
1,730   Franklin County, Ohio, General Obligation Bonds, Refunding Series 2014, 5.000%, 6/01/31   12/23 at 100.00 AAA 1,998,807
    Gallia County Local School District, Gallia and Jackson Counties, Ohio, General Obligation Bonds, Refunding School Improvement Series 2014:        
1,260   5.000%, 11/01/30   11/24 at 100.00 Aa2 1,480,248
1,540   5.000%, 11/01/31   11/24 at 100.00 Aa2 1,806,266
1,005   Grandview Heights City School District, Franklin County, Ohio, General Obligation Bonds, School Facilities Construction & Improvement Series 2019, 5.000%, 12/01/53   6/29 at 100.00 AA+ 1,253,959
2,160   Kenston Local School District, Geauga County, Ohio, General Obligation Bonds, Series 2011, 0.000%, 12/01/21   No Opt. Call Aa1 2,147,882
4,500   Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding Series 2007, 5.250%, 12/01/31  –  AGM Insured   No Opt. Call A2 6,189,615
1,305   Monroe Local School District, Butler County, Ohio, General Obligation Bonds, Series 2006, 5.500%, 12/01/24  –  AMBAC Insured   No Opt. Call Aa3 1,591,904
    Ohio State, General Obligation Bonds, Highway Capital Improvement, Series 2018V:        
2,500   5.000%, 5/01/33   5/28 at 100.00 AAA 3,216,675
1,250   5.000%, 5/01/34   5/28 at 100.00 AAA 1,603,350
4,000   Southwest Local School District, Hamilton and Butler Counties, Ohio, General Obligation Bonds, School Improvement Series 2018A, 4.000%, 1/15/55   1/28 at 100.00 Aa2 4,430,880
1,500   Springboro Community City School District, Warren County, Ohio, General Obligation Bonds, Refunding Series 2007, 5.250%, 12/01/32   No Opt. Call AA 2,104,575
1,000   Upper Arlington City School District, Franklin County, Ohio, General Obligation Bonds, School Facilities & Improvement Series 2018A, 5.000%, 12/01/48   12/27 at 100.00 AAA 1,229,720
41,595   Total Tax Obligation/General       47,884,680
    Tax Obligation/Limited – 31.4% (20.9% of Total Investments)        
    Cleveland, Ohio, Income Tax Revenue Bonds, Bridges & Roadways Improvements, Subordinate Lien Series 2017B-2:        
1,250   5.000%, 10/01/31   4/28 at 100.00 AA 1,572,850
1,000   5.000%, 10/01/32   4/28 at 100.00 AA 1,249,970
    Cleveland, Ohio, Income Tax Revenue Bonds, Subordinate Lien Improvement and Refunding Series 2017A-2:        
435   5.000%, 10/01/30   10/27 at 100.00 AA 547,243
700   5.000%, 10/01/33   10/27 at 100.00 AA 865,942
1,000   Columbus-Franklin County Finance Authority, Ohio, Tax Increment Financing Revenue Bonds, Easton Project, Series 2020, 5.000%, 6/01/28, 144A   No Opt. Call N/R 1,002,550
6,750   Cuyahoga County, Ohio, Economic Development Revenue Bonds, Medical Mart-Convention Center Project, Recovery Zone Facility Series 2010F, 5.000%, 12/01/27   12/20 at 100.00 AA 6,892,087
4

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Cuyahoga County, Ohio, Sales Tax Revenue Bonds, Refunding Various Purpose Series 2014:        
$1,815   5.000%, 12/01/32   12/24 at 100.00 AAA $2,137,453
1,415   5.000%, 12/01/33   12/24 at 100.00 AAA 1,662,979
1,000   5.000%, 12/01/34   12/24 at 100.00 AAA 1,174,770
945   5.000%, 12/01/35   12/24 at 100.00 AAA 1,109,695
1,920   Dublin, Ohio, Special Obligation Non-Tax Revenue Bonds, Series 2015A, 5.000%, 12/01/44   12/25 at 100.00 Aa1 2,288,371
10,350   Franklin County Convention Facilities Authority, Ohio, Excise Tax and Lease Revenue Bonds, Columbus City & Franklin County Lessees, Refunding Anticipation Series 2014, 5.000%, 12/01/35   12/24 at 100.00 Aa1 11,810,799
2,500   Franklin County Convention Facilities Authority, Ohio, Lease Appropriation Bonds, Greater Columbus Convention Center Hotel Expansion Project, Series 2019, 5.000%, 12/01/46   12/29 at 100.00 AA 3,145,200
    Franklin County, Ohio, Sales Tax Revenue Bonds, Various Purpose Series 2018:        
2,120   5.000%, 6/01/36   6/28 at 100.00 AAA 2,701,686
1,155   5.000%, 6/01/37   6/28 at 100.00 AAA 1,467,220
6,500   5.000%, 6/01/43   6/28 at 100.00 AAA 8,142,420
5,535   5.000%, 6/01/48   6/28 at 100.00 AAA 6,894,175
1,000   Greater Cleveland Regional Transit Authority, Ohio, Sales Tax Supported Capital Improvement Bonds, Refunding Series 2015, 5.000%, 12/01/34   12/25 at 100.00 AA+ 1,203,030
5,565   Hamilton County, Ohio, Sales Tax Bonds, Subordinate Series 2000B, 0.000%, 12/01/28  –  AGM Insured   No Opt. Call AA 4,826,357
5,000   Hamilton County, Ohio, Sales Tax Revenue Bonds, Refunding Series 2011A, 5.000%, 12/01/31   12/21 at 100.00 A1 5,272,200
6,000   Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2019-I, 4.000%, 10/15/49   10/29 at 100.00 Aa2 6,912,360
1,000   New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds, Series 2012C, 5.000%, 10/01/24   10/22 at 100.00 Aa3 1,104,540
2,000   Ohio State, Capital Facilities Lease Appropriation Bonds, Juvenile Correctional Building Fund Projects, Series 2019A, 5.000%, 4/01/37   4/29 at 100.00 AA 2,537,980
1,250   Pickaway County, Ohio, Sales Tax Special Obligation Bonds, Series 2019, 5.000%, 12/01/48   12/28 at 100.00 AA 1,516,575
1,845   Pinnacle Community Infrastructure Financing Authority, Grove City, Ohio, Community Facilities Bonds, Series 2015A, 4.250%, 12/01/36  –  AGM Insured   12/25 at 100.00 AA 2,069,297
400   Port of Greater Cincinnati Development Authority, Ohio, Special Obligation Development TIF Revenue Bonds, RBM Development - Phase 2B Project, Series 2018A, 6.000%, 12/01/50   12/28 at 100.00 N/R 389,636
1,000   Port of Greater Cincinnati Development Authority, Ohio, Special Obligation Tax Increment Financing Revenue Bonds, Cooperative Township Public Parking Project, Gallery at Kenwood, Senior Lien Series 2019A, 5.000%, 11/01/51   11/30 at 100.00 N/R 813,090
5

NUO Nuveen Ohio Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
$6,450   4.500%, 7/01/34   7/25 at 100.00 N/R $6,524,110
3,580   4.550%, 7/01/40   7/28 at 100.00 N/R 3,548,711
1,780   Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured COFINA Project Series 2019A-2A, 4.550%, 7/01/40   7/28 at 100.00 N/R 1,764,443
    Riversouth Authority, Ohio, Riversouth Area Redevelopment Bonds, Payable from City of Columbus, Ohio Annual Rental Appropriations, Refunding Series 2012A:        
1,645   5.000%, 12/01/23   12/22 at 100.00 AA+ 1,836,165
1,200   5.000%, 12/01/24   12/22 at 100.00 AA+ 1,339,140
765   Vermilion Local School District, Erie and Lorain Counties, Ohio, Certificates of Participation, School Facilities Project, Series 2012, 5.000%, 12/01/24   12/20 at 100.00 Aa3 782,189
2,450   Westerville City School District, Franklin and Delaware Counties, Ohio, Certificates of Participation, School Facilities Project, Series 2018, 5.000%, 12/01/39   12/27 at 100.00 Aa2 3,015,460
89,320   Total Tax Obligation/Limited       100,120,693
    Transportation – 16.9% (11.3% of Total Investments)        
    Dayton, Ohio, Airport Revenue Bonds, James M Cox International Airport, Series 2015B:        
860   5.000%, 12/01/33  –  AGM Insured   12/23 at 100.00 AA 957,154
500   5.000%, 12/01/34  –  AGM Insured   12/23 at 100.00 AA 556,850
6,835   North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2019A, 4.000%, 1/01/44   1/29 at 100.00 A+ 7,572,565
    Ohio State, Private Activity Bonds, Portsmouth Gateway Group, LLC - Borrower, Portsmouth Bypass Project, Series 2015:        
2,500   5.000%, 12/31/35  –  AGM Insured (AMT)   6/25 at 100.00 AA 2,875,750
3,000   5.000%, 12/31/39  –  AGM Insured (AMT)   6/25 at 100.00 AA 3,416,580
4,250   5.000%, 6/30/53 (AMT)   6/25 at 100.00 A3 4,744,572
2,050   Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series 2013A-1, 5.250%, 2/15/39   2/23 at 100.00 Aa3 2,249,568
15,000   Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien Series 2018A, 5.000%, 2/15/46 (UB) (4)   2/28 at 100.00 Aa3 17,918,700
    Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien, Capital Appreciation Series 2013A-2:        
5,000   0.000%, 2/15/37   No Opt. Call Aa3 3,356,800
11,260   0.000%, 2/15/38   No Opt. Call Aa3 7,299,408
5,000   0.000%, 2/15/40   No Opt. Call Aa3 3,033,450
56,255   Total Transportation       53,981,397
    U.S. Guaranteed – 34.9% (23.2% of Total Investments) (5)        
    Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010:        
1,165   5.500%, 11/01/40 (Pre-refunded 11/01/20)   11/20 at 100.00 N/R 1,190,385
2,335   5.500%, 11/01/40 (Pre-refunded 11/01/20)   11/20 at 100.00 A 2,385,880
6

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
    Central Ohio Solid Waste Authority, General Obligation Bonds, Refunding & Improvements, Series 2012:        
$110   5.000%, 12/01/26 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R $120,125
245   5.000%, 12/01/28 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R 267,552
160   5.000%, 12/01/29 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R 174,728
1,605   5.000%, 12/01/29 (Pre-refunded 6/01/22)   6/22 at 100.00 Aaa 1,754,425
875   Cincinnati, Ohio, General Obligation Bonds, Various Purpose, Refunding Series 2012A, 5.000%, 12/01/32 (Pre-refunded 12/01/20)   12/20 at 100.00 AA 896,175
8,150   Cincinnati, Ohio, Water System Revenue Bonds, Series 2012A, 5.000%, 12/01/37 (Pre-refunded 12/01/21)   12/21 at 100.00 AAA 8,734,518
    Cleveland, Ohio, Airport System Revenue Bonds, Series 2012A:        
2,150   5.000%, 1/01/30 (Pre-refunded 1/01/22)   1/22 at 100.00 A 2,313,830
1,500   5.000%, 1/01/31 (Pre-refunded 1/01/22)  –  AGM Insured   1/22 at 100.00 AA 1,614,300
    Cleveland, Ohio, Income Tax Revenue Bonds, Bridges & Roadways Improvements, Subordinate Lien Series 2013A-2:        
1,315   5.000%, 10/01/27 (Pre-refunded 10/01/23)   10/23 at 100.00 AA 1,523,467
1,520   5.000%, 10/01/30 (Pre-refunded 10/01/23)   10/23 at 100.00 AA 1,760,966
1,600   5.000%, 10/01/31 (Pre-refunded 10/01/23)   10/23 at 100.00 AA 1,853,648
    Cleveland, Ohio, Income Tax Revenue Bonds, Bridges & Roadways Improvements, Subordinate Lien Series 2015A-2:        
2,705   5.000%, 10/01/37 (Pre-refunded 10/01/23)   10/23 at 100.00 N/R 3,114,293
8,045   5.000%, 10/01/37 (Pre-refunded 10/01/23)   10/23 at 100.00 AA+ 9,276,770
3,000   Cleveland, Ohio, Income Tax Revenue Bonds, Public Facilities Improvements, Series 2014A-1, 5.000%, 11/15/38 (Pre-refunded 11/15/23)   11/23 at 100.00 AA 3,487,350
190   Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series 1993G, 5.500%, 1/01/21  –  NPFG Insured (ETM)   No Opt. Call Aa2 195,839
1,140   Columbia Local School District, Lorain County, Ohio, General Obligation Bonds, School Facilities Improvement Series 2011, 5.000%, 11/01/39 (Pre-refunded 11/01/21)  –  AGM Insured   11/21 at 100.00 A1 1,218,056
4,480   Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Tender Option Bond Trust 2016-XL0004, 9.204%, 11/15/41 (Pre-refunded 11/15/21), 144A (IF) (4)   11/21 at 100.00 AA+ 4,868,730
    Greater Cleveland Regional Transit Authority, Ohio, Sales Tax Supported Capital Improvement Bonds, Refunding Series 2012:        
1,010   5.250%, 12/01/27 (Pre-refunded 12/01/21)   12/21 at 100.00 AA+ 1,086,215
760   5.250%, 12/01/30 (Pre-refunded 12/01/21)   12/21 at 100.00 AA+ 817,350
600   5.000%, 12/01/31 (Pre-refunded 12/01/21)   12/21 at 100.00 AA+ 643,032
    Greenville City School District, Drake County, Ohio, General Obligation Bonds, School Improvement Series 2013:        
555   5.250%, 1/01/38 (Pre-refunded 1/01/22)   1/22 at 100.00 AA 599,023
1,355   5.250%, 1/01/41 (Pre-refunded 1/01/22)   1/22 at 100.00 AA 1,462,479
3,225   Hancock County, Ohio, Hospital Revenue Bonds, Blanchard Valley Regional Health Center, Series 2011A, 6.250%, 12/01/34 (Pre-refunded 6/01/21)   6/21 at 100.00 A+ 3,413,566
7

NUO Nuveen Ohio Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
$20,700   JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien Series 2013A, 5.000%, 1/01/38 (Pre-refunded 1/01/23)   1/23 at 100.00 AA+ $23,244,651
3,965   Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21)   11/21 at 100.00 BBB 4,294,174
725   Napoleon City School District, Henry County, Ohio, General Obligation Bonds, Facilities Construction & Improvement Series 2012, 5.000%, 12/01/36 (Pre-refunded 6/01/22)   6/22 at 100.00 Aa3 794,788
    Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Refunding & Improvement Series 2014:        
2,950   5.000%, 11/15/39 (Pre-refunded 11/15/24)   11/24 at 100.00 AA+ 3,567,169
1,400   5.000%, 11/15/44 (Pre-refunded 11/15/24)   11/24 at 100.00 AA+ 1,692,894
2,000   Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Series 2013, 5.000%, 11/15/38 (Pre-refunded 5/15/23)   5/23 at 100.00 AA+ 2,278,040
1,100   Ohio Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic Health System Obligated Group, Series 2012A, 5.000%, 1/01/38 (Pre-refunded 1/01/22)   1/22 at 100.00 AA 1,182,918
10,915   Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series 2013A-1, 5.000%, 2/15/48 (Pre-refunded 2/15/23)   2/23 at 100.00 Aa3 12,288,544
1,000   Ohio University at Athens, General Receipts Bonds, Series 2013, 5.000%, 12/01/39 (Pre-refunded 12/01/22)   12/22 at 100.00 Aa3 1,118,970
5,000   South Euclid, Ohio, General Obligation Bonds, Real Estate Acquisition and Urban Redevelopment, Series 2012, 5.000%, 6/01/42 (Pre-refunded 6/01/22)   6/22 at 100.00 Aa3 5,481,300
450   South-Western City School District, Franklin and Pickaway Counties, Ohio, General Obligation Bonds, School Facilities Construction & Improvement Series 2012, 5.000%, 12/01/36 (Pre-refunded 6/01/22)   6/22 at 100.00 AA 493,317
100,000   Total U.S. Guaranteed       111,209,467
    Utilities – 5.5% (3.7% of Total Investments)        
1,500   American Municipal Power Ohio Inc, Prairie State Energy Campus Project Revenue Bonds, Series 2015A, 5.000%, 2/15/42   2/24 at 100.00 A1 1,679,925
1,430   American Municipal Power, Inc, Ohio, Greenup Hydroelectric Project Revenue Bonds, Refunding Series 2016A, 5.000%, 2/15/41   2/26 at 100.00 A1 1,675,888
1,660   American Municipal Power, Inc, Ohio, Solar Electricity Prepayment Project Revenue Bonds, Green Bonds Series 2019A, 5.000%, 2/15/44   2/29 at 100.00 A 2,034,562
1,815   Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B-1, 0.000%, 11/15/33  –  NPFG Insured   No Opt. Call A- 1,357,711
    Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B-2:        
2,000   0.000%, 11/15/28  –  NPFG Insured   No Opt. Call A- 1,750,900
6,895   0.000%, 11/15/32  –  NPFG Insured   No Opt. Call A- 5,326,939
2,155   0.000%, 11/15/34  –  NPFG Insured   No Opt. Call A- 1,563,690
2,000   Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (6)   No Opt. Call N/R 10,000
950   Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville Hydroelectric Project - Joint Venture 5, Series 2001, 0.000%, 2/15/29  –  NPFG Insured   No Opt. Call A1 832,808
8

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$1,000   Warm Springs Reservation Confederated Tribes, Oregon, Hydroelectric Revenue Bonds, Tribal Economic Development Bond Pelton Round Butte Project, Taxable Refunding Green Series 2019B, 5.000%, 11/01/39, 144A   5/29 at 100.00 A3 $1,197,300
21,405   Total Utilities       17,429,723
    Water and Sewer – 12.7% (8.4% of Total Investments)        
8,000   Cincinnati, Ohio, Water System Revenue Bonds, Series 2016A, 5.000%, 12/01/46   12/26 at 100.00 AAA 9,811,040
2,035   Cleveland, Ohio, Water Revenue Bonds, Senior Lien Series 2012X, 5.000%, 1/01/42   1/22 at 100.00 AA+ 2,190,067
3,380   Fort Myers, Florida, Utility System Revenue Bonds, Refunding Series 2019A, 4.000%, 10/01/44   10/28 at 100.00 Aa3 3,837,517
2,025   Ironton, Ohio, Sewer System Improvement Revenue Bonds, Series 2011, 5.250%, 12/01/40  –  AGM Insured   12/20 at 100.00 A2 2,055,051
3,225   Ohio Water Development Authority, Revenue Bonds, Fresh Water Development, Series 2019, 5.000%, 6/01/44   12/29 at 100.00 AAA 4,169,861
2,290   Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Missouri Project Series 2019, 4.000%, 12/01/41   12/25 at 100.00 AA+ 2,523,946
    Toledo, Ohio, Sewerage System Revenue Bonds, Refunding Series 2013:        
820   5.000%, 11/15/25   11/23 at 100.00 Aa3 942,852
605   5.000%, 11/15/26   11/23 at 100.00 Aa3 695,641
1,075   5.000%, 11/15/27   11/23 at 100.00 Aa3 1,234,466
695   5.000%, 11/15/28   11/23 at 100.00 Aa3 797,839
10,000   Toledo, Ohio, Water System Revenue Bonds, Refunding & Improvement Series 2016, 5.000%, 11/15/41 (UB) (4)   11/26 at 100.00 AA- 12,127,200
34,150   Total Water and Sewer       40,385,480
$458,485   Total Municipal Bonds (cost $435,941,348)       476,033,295
    
Shares   Description (1)       Value
    COMMON STOCKS  –  0.8% (0.5% of Total Investments)        
    Electric Utilities – 0.8% (0.5% of Total Investments)        
64,342   Energy Harbor Corp (7), (8), (9)       $2,477,167
    Total Common Stocks (cost $1,999,970)       2,477,167
    Total Long-Term Investments (cost $437,941,318)       478,510,462
    Floating Rate Obligations – (6.3)%       (20,000,000)
    Variable Rate Demand Preferred Shares, net of deferred offering costs – (46.4)% (10)       (147,771,845)
    Other Assets Less Liabilities – 2.6%       8,027,188
    Net Asset Applicable to Common Shares – 100%       $318,765,805
9

NUO Nuveen Ohio Quality Municipal Income Fund (continued)
  Portfolio of Investments May 31, 2020
  (Unaudited)
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $476,033,295 $ — $476,033,295
Common Stocks  — 2,477,167  — 2,477,167
Total $ — $478,510,462 $ — $478,510,462
    
(1) All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(5) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(6) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(7) Common Stock received as part of the bankruptcy settlement for Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23. Subsequent to the end of the reporting period, the value of this common stock has been adversely impacted as compared to the value reported as of May 31, 2020. See Notes to Financial Statements, Note 9 - Subsequent Events for more information.  
(8) For fair value measurement disclosure purposes, investment classified as Level 2.  
(9) Non-income producing; issuer has not declared a dividend within the past twelve months.  
(10) Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 30.9%.  
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. See Notes to Financial Statements, Note 4  –  Portfolio Securities and Investments in Derivatives for more information.  
10