0001752724-21-043676.txt : 20210226 0001752724-21-043676.hdr.sgml : 20210226 20210226155802 ACCESSION NUMBER: 0001752724-21-043676 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210226 PERIOD START: 20210331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN SELECT TAX FREE INCOME PORTFOLIO CENTRAL INDEX KEY: 0000883618 IRS NUMBER: 363806843 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06548 FILM NUMBER: 21688481 BUSINESS ADDRESS: STREET 1: 333 W WACKER DR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178200 MAIL ADDRESS: STREET 1: 333 W WACKER DR CITY: CHICAGO STATE: IL ZIP: 60606 NPORT-P 1 primary_doc.xml NPORT-P false 0000883618 XXXXXXXX Nuveen Select Tax-Free Income Portfolio 811-06548 0000883618 5493005XMO16VD219F88 333 W. 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Long DBT MUN US N 2 2023-11-15 Fixed 4.00000000 N N N N N N Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 N/A Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 74529JPW9 1500000.00000000 PA USD 1652190.00000000 0.603832563314 Long DBT MUN US N 2 2053-07-01 Fixed 4.75000000 N N N N N N District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Subordinate Lien Series 2012A 549300OT2FIJQJ5PSH71 District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Subordinate Lien Series 2012A 254845HF0 1975000.00000000 PA USD 2138016.50000000 0.781389539703 Long DBT MUN US N 2 2025-10-01 Fixed 5.00000000 N N N N N N Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A 549300EE2HJ67TPURL87 Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A 44420PDP6 475000.00000000 PA USD 477460.50000000 0.174499420524 Long DBT MUN US N 2 2047-02-15 Fixed 5.25000000 N N N N N N Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1 5493002JB6DRFRZPEQ21 Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1 19648FKA1 150000.00000000 PA USD 170955.00000000 0.062479615456 Long DBT MUN US N 2 2044-08-01 Fixed 4.00000000 N N N N N N Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2005B N/A Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2005B 677ESCAR6 1000000.00000000 PA USD 1250.00000000 0.000456842556 Long DBT MUN US N 2 2034-01-01 Fixed 4.00000000 Y N N N N N San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2019B N/A San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2019B 79739GMA1 675000.00000000 PA USD 847867.50000000 0.309873565313 Long DBT MUN US N 2 2038-07-01 Fixed 5.00000000 N N N N N N California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A 5493007RI8BUDOGHZ546 California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A 13033LY27 2310000.00000000 PA USD 2560727.40000000 0.935879402424 Long DBT MUN US N 2 2033-07-01 Fixed 5.00000000 N N N N N N New Jersey Economic Development Authority, Revenue Bonds, New Jersey Transit Corporation Projects Sublease, Refunding Series 2017B 5493006JS6QWDVU4R678 New Jersey Economic Development Authority, Revenue Bonds, New Jersey Transit Corporation Projects Sublease, Refunding Series 2017B 64577BD76 1380000.00000000 PA USD 1545517.20000000 0.564846423548 Long DBT MUN US N 2 2023-11-01 Fixed 5.00000000 N N N N N N Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2013 549300OBM31KJO8JR048 Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2013 246352GK8 1225000.00000000 PA USD 1363939.50000000 0.498484486947 Long DBT MUN US N 2 2037-01-01 Fixed 5.00000000 N N N N N N Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 201 549300HC854CNBLMWC48 Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 201 34061YAB6 1305000.00000000 PA USD 1280361.60000000 0.467938933716 Long DBT MUN US Y 2 2049-01-01 Variable 6.25000000 N N N N N N Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2015A 549300PS0PAS7NDSSI20 Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2015A 45505MEG7 1250000.00000000 PA USD 1432250.00000000 0.523450201736 Long DBT MUN US N 2 2045-10-01 Fixed 5.00000000 N N N N N N Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A N/A Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A 155498DR6 110000.00000000 PA USD 128035.60000000 0.046793688706 Long DBT MUN US N 2 2033-01-01 Fixed 5.00000000 N N N N N N Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2019A-1 5493000TKYODLXADQD60 Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2019A-1 59261AXR3 1000000.00000000 PA USD 1093010.00000000 0.399466786524 Long DBT MUN US N 2 2048-11-15 Variable 5.00000000 N N N N N N Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community Development Project, Series 1999 N/A Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community Development Project, Series 1999 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Harris County Flood Control District, Texas, Contract Tax Bonds, Refunding Series 2017A N/A Harris County Flood Control District, Texas, Contract Tax Bonds, Refunding Series 2017A 4140186Y2 1250000.00000000 PA USD 1495612.50000000 0.546607550947 Long DBT MUN US N 2 2035-10-01 Fixed 4.00000000 N N N N N N Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019 549300T9UCDUJ3GZL429 Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019 735389J33 385000.00000000 PA USD 470404.55000000 0.171920653932 Long DBT MUN US N 2 2044-04-01 Fixed 5.00000000 N N N N N N Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019A N/A Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019A 56682HCQ0 500000.00000000 PA USD 589770.00000000 0.215545627842 Long DBT MUN US N 2 2044-01-01 Fixed 4.00000000 N N N N N N Massachusetts Development Finance Agency, Revenue Bonds, CareGroup 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Bonds, Refunding Series 2015A 700387DK6 620000.00000000 PA USD 723329.20000000 0.264358048987 Long DBT MUN US N 2 2035-12-01 Fixed 5.00000000 N N N N N N San Diego Association of Governments, California, South Bay Expressway Toll Revenue Bonds, First Senior Lien Series 2017A N/A San Diego Association of Governments, California, South Bay Expressway Toll Revenue Bonds, First Senior Lien Series 2017A 797257AX0 1350000.00000000 PA USD 1576638.00000000 0.576220268224 Long DBT MUN US N 2 2042-07-01 Fixed 5.00000000 N N N N N N Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A 549300EE2HJ67TPURL87 Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A 44420PDM3 25000.00000000 PA USD 25142.75000000 0.009189022558 Long DBT MUN US N 2 2047-02-15 Fixed 5.25000000 N N N N N N Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A 254900I3VDCQ58UGBR15 Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A 592247J76 6070000.00000000 PA USD 4702307.60000000 1.718571381983 Long DBT MUN US N 2 2031-12-15 Fixed 0.00000000 N N N N N N Lake Oswego, Oregon, General Obligation Bonds, Series 2013 N/A Lake Oswego, Oregon, General Obligation Bonds, Series 2013 510390WH6 500000.00000000 PA USD 556450.00000000 0.203368032645 Long DBT MUN US N 2 2026-06-01 Fixed 5.00000000 N N N N N N Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2013S-4 5493001FUZGUQMIP5D78 Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2013S-4 072024TE2 3000000.00000000 PA USD 3326520.00000000 1.215756721996 Long DBT MUN US N 2 2038-04-01 Fixed 5.00000000 N N N N N N Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018 N/A Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018 93976ABJ0 1000000.00000000 PA USD 1166460.00000000 0.426310855170 Long DBT MUN US N 2 2058-07-01 Fixed 5.00000000 N N N N N N Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Election 2008 Se N/A Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Election 2008 Se 738850QR0 8000000.00000000 PA USD 6438880.00000000 2.353243522399 Long DBT MUN US N 2 2033-08-01 Fixed 0.00000000 N N N N N N Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018B 549300NQVL49BTHOW391 Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018B 46246SAQ8 830000.00000000 PA USD 904841.10000000 0.330695937395 Long DBT MUN US N 2 2050-12-01 Variable 5.25000000 N N N N N N Woodside Elementary School District, San Mateo County, California, General Obligation Bonds, Election of 2005, Series 2007 N/A Woodside Elementary School District, San Mateo County, California, General Obligation Bonds, Election of 2005, Series 2007 980230CV6 1150000.00000000 PA USD 1017681.00000000 0.371935992147 Long DBT MUN US N 2 2030-10-01 Fixed 0.00000000 N N N N N N 2020-12-31 Nuveen Select Tax-Free Income Portfolio E. Scott Wickerham E. Scott Wickerham Funds Treasurer XXXX NPORT-EX 2 NXP.htm
NXP
Nuveen Select Tax-Free Income Portfolio
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 98.2%        
    MUNICIPAL BONDS – 97.9%        
    Alaska – 0.3%        
$775   Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/46   1/21 at 100.00 B3 $786,455
    Arizona – 2.9%        
1,015   Arizona Board of Regents, Arizona State University System Revenue Bonds, Series 2020B, 4.000%, 7/01/47   7/30 at 100.00 AA 1,201,273
2,500   Arizona Health Facilities Authority, Hospital Revenue Bonds, Catholic Healthcare West, Series 2011B-1&2, 5.250%, 3/01/39 (Pre-refunded 3/01/21)   3/21 at 100.00 BBB+ (4) 2,519,700
160   Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017D, 3.000%, 7/01/22, 144A   No Opt. Call BB 161,584
255   Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017F, 3.000%, 7/01/26   No Opt. Call AA- 277,277
350   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2018A, 4.000%, 7/01/22   No Opt. Call AA- 364,577
95   Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise Schools Projects, Series 2016, 2.875%, 7/01/21, 144A   No Opt. Call BB+ 95,421
1,000   Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Refunding Series 2016A, 5.000%, 1/01/38   1/27 at 100.00 AA- 1,220,030
500   Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019A, 4.000%, 1/01/44   7/29 at 100.00 AA- 589,770
1,000   Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019A, 5.000%, 7/01/49   7/29 at 100.00 A1 1,242,340
160   Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37   No Opt. Call A3 228,549
7,035   Total Arizona       7,900,521
    Arkansas – 1.1%        
6,555   Arkansas Development Finance Authority, Tobacco Settlement Revenue Bonds, Arkansas Cancer Research Center Project, Series 2006, 0.000%, 7/01/46 –  AMBAC Insured   No Opt. Call Aa2 3,144,237
    California – 16.1%        
4,245   Anaheim City School District, Orange County, California, General Obligation Bonds, Election 2002 Series 2007, 0.000%, 8/01/31 –  AGM Insured   No Opt. Call AA 3,578,493
2,840   Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C, 0.000%, 9/01/30 –  AGM Insured   No Opt. Call AA 2,420,078
3,000   Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2013S-4, 5.000%, 4/01/38 (Pre-refunded 4/01/23)   4/23 at 100.00 AA- (4) 3,326,520
40   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020A, 4.000%, 6/01/49   6/30 at 100.00 BBB+ 46,492
1

NXP Nuveen Select Tax-Free Income Portfolio (continued)
  Portfolio of Investments December 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    California (continued)        
$2,310   California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A, 5.000%, 7/01/33   7/23 at 100.00 AA- $2,560,727
1,630   California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2013I, 5.000%, 11/01/38   11/23 at 100.00 Aa3 1,824,231
2,645   Cypress Elementary School District, Orange County, California, General Obligation Bonds, Series 2009A, 0.000%, 5/01/34 –  AGM Insured   No Opt. Call AA 2,104,732
2,710   Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Series 2005A, 0.000%, 6/01/28 –  AMBAC Insured   No Opt. Call Aa3 2,512,875
3,030   Grossmont Union High School District, San Diego County, California, General Obligation Bonds, Series 2006, 0.000%, 8/01/25 –  NPFG Insured   No Opt. Call Aa2 2,952,099
1,000   Moreno Valley Unified School District, Riverside County, California, General Obligation Bonds, Refunding Series 2007, 0.000%, 8/01/23 –  NPFG Insured   No Opt. Call A+ 983,680
1,160   Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43 (5)   8/35 at 100.00 Aa1 1,257,278
4,390   Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community Development Project, Series 1999, 0.000%, 8/01/29 –  AMBAC Insured   No Opt. Call AA- 3,871,717
1,700   Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of Participation, Series 2006, 0.000%, 10/01/34 –  FGIC Insured (ETM)   No Opt. Call A+ (4) 1,401,565
8,000   Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Election 2008 Series 2009A, 0.000%, 8/01/33   No Opt. Call AA- 6,438,880
1,350   San Diego Association of Governments, California, South Bay Expressway Toll Revenue Bonds, First Senior Lien Series 2017A, 5.000%, 7/01/42   7/27 at 100.00 A 1,576,638
675   San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2019B, 5.000%, 7/01/38 (AMT)   7/29 at 100.00 A+ 847,867
1,800   San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, Non-WSIP, Series 2017A, 5.000%, 11/01/42 (Pre-refunded 11/01/24)   11/24 at 100.00 Aa2 (4) 2,122,020
2,110   Sierra Sands Unified School District, Kern County, California, General Obligation Bonds, Election of 2006, Series 2006A, 0.000%, 11/01/28 –  FGIC Insured   No Opt. Call AA 1,922,315
1,195   Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1, 5.500%, 6/01/45   1/21 at 100.00 B- 1,200,652
1,150   Woodside Elementary School District, San Mateo County, California, General Obligation Bonds, Election of 2005, Series 2007, 0.000%, 10/01/30 –  AMBAC Insured   No Opt. Call AAA 1,017,681
46,980   Total California       43,966,540
    Colorado – 6.4%        
500   Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/21, 144A   No Opt. Call N/R 510,930
1,780   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23)   1/23 at 100.00 BBB+ (4) 1,956,469
150   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 4.000%, 8/01/44   8/29 at 100.00 BBB+ 170,955
2,630   Colorado School of Mines Board of Trustees, Golden, Colorado, Institutional Enterprise Revenue Bonds, Series 2017B, 5.000%, 12/01/47   12/27 at 100.00 A+ 3,118,496
2

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Colorado (continued)        
$810   Colorado Springs, Colorado, Utilities System Revenue Bonds, Refunding Series 2020A, 4.000%, 11/15/45   11/30 at 100.00 AA+ $993,319
660   Colorado State, Certificates of Participation, Rural Series 2020A, 4.000%, 12/15/37   12/30 at 100.00 Aa2 813,140
1,935   Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 11/15/43   11/23 at 100.00 A+ 2,120,663
250   E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%, 9/01/29 –  NPFG Insured   No Opt. Call A 222,338
12,500   E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2006A, 0.000%, 9/01/38 –  NPFG Insured   9/26 at 54.77 A 6,297,875
605   E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2020A, 5.000%, 9/01/40   9/24 at 100.00 A 690,009
620   Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/35   12/25 at 100.00 A 723,329
22,440   Total Colorado       17,617,523
    Connecticut – 5.2%        
690   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health Issue, Series 2014D, 1.800%, 7/01/49 (Mandatory Put 7/01/24)   1/24 at 100.00 AA- 719,511
2,500   Connecticut State, General Obligation Bonds, Green Series 2014G, 5.000%, 11/15/31   11/24 at 100.00 A1 2,883,850
1,000   Connecticut State, General Obligation Bonds, Refunding Series 2012E, 5.000%, 9/15/32   9/22 at 100.00 A1 1,068,620
1,000   Connecticut State, General Obligation Bonds, Refunding Series 2018C, 5.000%, 6/15/26   No Opt. Call A1 1,240,840
1,860   Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2013A, 5.000%, 10/01/30   10/23 at 100.00 A+ 2,077,955
1,625   Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Series 2014A, 5.000%, 9/01/34   9/24 at 100.00 A+ 1,861,714
3,000   Hartford County Metropolitan District, Connecticut, Clean Water Project Revenue Bonds, Refunding Green Bond Series 2014A, 5.000%, 11/01/42   11/24 at 100.00 Aa2 3,412,740
750   University of Connecticut, General Obligation Bonds, Series 2015A, 5.000%, 3/15/31   3/26 at 100.00 A+ 899,887
12,425   Total Connecticut       14,165,117
    District of Columbia – 1.0%        
1,975   District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Subordinate Lien Series 2012A, 5.000%, 10/01/25   10/22 at 100.00 AA+ 2,138,016
600   Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue Bonds, Series 2020A, 4.000%, 7/15/45   7/30 at 100.00 AA 716,346
2,575   Total District of Columbia       2,854,362
    Florida – 0.7%        
1,000   Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2019A, 5.000%, 10/01/49 (AMT)   10/29 at 100.00 A 1,216,980
470   Tampa, Florida, Revenue Bonds, H Lee Moffitt Cancer Center and Research Institute, Series 2020B, 5.000%, 7/01/50   7/30 at 100.00 A2 585,564
1,470   Total Florida       1,802,544
    Georgia – 0.6%        
1,300   Brookhaven Development Authority, Georgia, Revenue Bonds, Children's Healthcare of Atlanta, Inc Project, Series 2019A, 4.000%, 7/01/44   7/29 at 100.00 AA+ 1,534,416
3

NXP Nuveen Select Tax-Free Income Portfolio (continued)
  Portfolio of Investments December 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Guam – 2.5%        
$3,000   Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/39   11/25 at 100.00 BB $3,378,930
1,650   Government of Guam, Hotel Occupancy Tax Revenue Bonds, Series 2011A, 6.000%, 11/01/26   5/21 at 100.00 BB 1,662,292
1,740   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.250%, 7/01/25   7/23 at 100.00 A- 1,929,573
6,390   Total Guam       6,970,795
    Hawaii – 0.1%        
225   Hawaii State, Harbor System Revenue Bonds, Series 2020A, 4.000%, 7/01/35 (AMT)   7/30 at 100.00 Aa3 268,468
    Idaho – 1.2%        
3,000   Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2014A, 5.000%, 3/01/44   3/24 at 100.00 A- 3,312,120
    Illinois – 9.7%        
2,000   Board of Trustees of Southern Illinois University, Housing and Auxiliary Facilities System Revenue Bonds, Series 1999A, 0.000%, 4/01/23 –  NPFG Insured   No Opt. Call Baa2 1,933,640
725   Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46   4/27 at 100.00 A- 860,546
735   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series 2011A, 5.000%, 12/01/41   12/21 at 100.00 BB 744,548
735   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017C, 5.000%, 12/01/30   12/27 at 100.00 BB 845,676
360   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016B, 6.500%, 12/01/46   12/26 at 100.00 BB 429,847
55   Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1, 0.000%, 12/01/28 –  FGIC Insured   No Opt. Call Baa2 44,240
880   Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, 6.000%, 1/01/38   1/27 at 100.00 BBB+ 1,031,096
    Illinois Finance Authority, Revenue Bonds, Northwestern Memorial HealthCare, Series 2013:        
2,100   4.000%, 8/15/33   8/22 at 100.00 AA+ 2,200,884
2,245   5.000%, 8/15/43   8/22 at 100.00 AA+ 2,366,006
260   Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A, 6.000%, 7/01/43   7/23 at 100.00 A- 287,313
2,070   Illinois State, General Obligation Bonds, Refunding September Series 2018B, 5.000%, 10/01/23   No Opt. Call BBB- 2,256,445
1,000   Kendall, Kane, and Will Counties Community Unit School District 308 Oswego, Illinois, General Obligation Bonds, Series 2008, 0.000%, 2/01/24 –  AGM Insured   No Opt. Call A2 977,530
4

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois (continued)        
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A:        
$1,720   0.000%, 12/15/29 –  NPFG Insured   No Opt. Call BBB $1,425,708
45   0.000%, 6/15/30 (ETM)   No Opt. Call N/R (4) 40,305
765   0.000%, 6/15/30   No Opt. Call BBB 622,687
6,070   0.000%, 12/15/31 –  NPFG Insured   No Opt. Call BBB 4,702,308
5,000   0.000%, 12/15/36 –  NPFG Insured   No Opt. Call BBB 3,232,100
1,775   Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015, 5.000%, 3/01/28   3/25 at 100.00 A 2,082,821
310   University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013, 6.000%, 10/01/42   10/23 at 100.00 A- 340,888
28,850   Total Illinois       26,424,588
    Indiana – 1.6%        
1,785   Indiana Finance Authority, Hospital Revenue Bonds, Marion General Hospital Project, Series 2020A, 4.000%, 7/01/40   7/30 at 100.00 A 2,028,688
1,250   Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2015A, 5.000%, 10/01/45   10/24 at 100.00 AA 1,432,250
1,000   Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E, 0.000%, 2/01/24 –  AMBAC Insured   No Opt. Call AA 979,930
4,035   Total Indiana       4,440,868
    Iowa – 2.5%        
710   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/26, 144A   2/21 at 103.00 BB- 732,543
830   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018B, 5.250%, 12/01/50 (Mandatory Put 12/01/37)   12/22 at 105.00 BB- 904,841
1,000   Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C, 5.375%, 6/01/38   2/21 at 100.00 B- 1,013,550
4,000   Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34   2/21 at 100.00 B- 4,054,200
6,540   Total Iowa       6,705,134
    Kentucky – 0.9%        
2,500   Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare System Obligated Group, Series 2011, 5.250%, 8/15/46 (Pre-refunded 8/15/21)   8/21 at 100.00 A2 (4) 2,576,900
    Massachusetts – 3.7%        
1,000   Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2, 5.000%, 7/01/43   7/28 at 100.00 A 1,210,560
1,625   Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E, 5.000%, 11/01/43   11/23 at 100.00 A 1,775,751
200   Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care Obligated Group Issue, Series 2017L, 3.625%, 7/01/37   7/27 at 100.00 A- 217,836
2,500   Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Subordinated Series 2019A, 5.000%, 2/15/49   2/26 at 100.00 AA+ 2,986,200
5

NXP Nuveen Select Tax-Free Income Portfolio (continued)
  Portfolio of Investments December 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Massachusetts (continued)        
$2,415   Massachusetts State, Federal Highway Grant Anticipation Notes, Accelerated Bridge Program, Series 2017A, 5.000%, 6/01/47   6/27 at 100.00 AA+ $2,981,197
975   Massachusetts Water Resources Authority, General Revenue Bonds, Refunding Series 2011C, 5.250%, 8/01/42 (Pre-refunded 8/01/21)   8/21 at 100.00 AA+ (4) 1,003,655
8,715   Total Massachusetts       10,175,199
    Michigan – 0.1%        
355   Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds, Refunding Senior Lien Series 2012A, 5.250%, 7/01/39 (Pre-refunded 7/01/22)   7/22 at 100.00 AA- (4) 381,973
    Missouri – 2.8%        
    Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series 2004B-1:        
1,165   0.000%, 4/15/23 –  AMBAC Insured   No Opt. Call AA 1,149,366
5,000   0.000%, 4/15/30 –  AMBAC Insured   No Opt. Call AA- 4,340,200
2,000   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2013A, 5.000%, 11/15/38   11/23 at 100.00 A2 2,200,320
8,165   Total Missouri       7,689,886
    Nevada – 0.1%        
275   Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series 2017A, 5.000%, 9/01/37   9/27 at 100.00 A- 326,703
    New Hampshire – 0.5%        
1,250   New Hampshire Business Finance Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc Project, Series 2003, 3.125%, 8/01/24 (AMT)   No Opt. Call A- 1,364,162
    New Jersey – 11.1%        
940   New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge Replacement Project, Series 2013, 5.125%, 1/01/39 –  AGM Insured (AMT)   1/24 at 100.00 AA 1,050,065
1,380   New Jersey Economic Development Authority, Revenue Bonds, New Jersey Transit Corporation Projects Sublease, Refunding Series 2017B, 5.000%, 11/01/23   No Opt. Call Baa1 1,545,517
1,035   New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2011GG, 5.000%, 9/01/22   3/21 at 100.00 Baa1 1,042,255
260   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/29 –  AGM Insured   7/25 at 100.00 AA 302,388
35,000   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C, 0.000%, 12/15/34 –  AGM Insured   No Opt. Call AA 26,354,300
38,615   Total New Jersey       30,294,525
    New Mexico – 1.2%        
1,000   Farmington Municipal School District 5, San Juan County, New Mexico, General Obligation Bonds, School Building Series 2015, 5.000%, 9/01/28   9/25 at 100.00 Aa3 1,208,780
1,000   New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series 2007A, 5.250%, 9/01/42 (AMT)   1/21 at 100.00 N/R 1,009,480
6

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New Mexico (continued)        
$1,035   University of New Mexico, Revenue Bonds, Refunding & Improvement Subordinate Lien Series 2016A, 4.500%, 6/01/36   6/26 at 100.00 AA- $1,195,611
3,035   Total New Mexico       3,413,871
    New York – 1.2%        
    Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A:        
25   5.250%, 2/15/47 (Pre-refunded 2/15/21)   2/21 at 100.00 Aa3 (4) 25,143
475   5.250%, 2/15/47   2/21 at 100.00 AA- 477,460
1,000   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2019A-1, 5.000%, 11/15/48 (Mandatory Put 11/15/24)   No Opt. Call A3 1,093,010
1,100   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2002D-1, 5.000%, 11/01/27   11/22 at 100.00 A3 1,161,985
500   TSASC Inc, New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series B, 5.000%, 6/01/24   No Opt. Call B- 519,415
3,100   Total New York       3,277,013
    Ohio – 1.5%        
230   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+ 262,062
360   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 407,574
1,975   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien Series 2007A-3, 6.250%, 6/01/37 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R (4) 2,143,211
1,105   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 (4) 1,216,682
1,000   Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2005B, 4.000%, 1/01/34 (6)   No Opt. Call N/R 1,250
4,670   Total Ohio       4,030,779
    Oklahoma – 0.2%        
435   Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B, 5.000%, 8/15/38   8/28 at 100.00 Baa3 518,037
    Oregon – 2.1%        
590   Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2017D, 5.000%, 6/15/36   6/27 at 100.00 AA+ 738,096
395   Beaverton, Oregon, Special Revenue Bonds, Series 2020A, 4.000%, 6/01/37   6/30 at 100.00 Aa3 481,615
515   Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A, 4.000%, 11/15/23   No Opt. Call N/R 540,266
500   Lake Oswego, Oregon, General Obligation Bonds, Series 2013, 5.000%, 6/01/26   6/23 at 100.00 AAA 556,450
750   Multnomah County Hospital Facilities Authority, Oregon, Revenue Bond, Terwilliger Plaza, Inc, Refunding Series 2012, 5.000%, 12/01/22   No Opt. Call BBB 781,860
7

NXP Nuveen Select Tax-Free Income Portfolio (continued)
  Portfolio of Investments December 31, 2020
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Oregon (continued)        
$1,365   Oregon Facilities Authority, Revenue Bonds, Reed College, Series 2017A, 4.000%, 7/01/41   7/27 at 100.00 Aa2 $1,573,804
1,000   Oregon Facilities Authority, Revenue Bonds, Willamette University, Refunding Series 2016B, 5.000%, 10/01/40   10/26 at 100.00 A- 1,139,560
5,115   Total Oregon       5,811,651
    Pennsylvania – 1.1%        
1,225   Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2013, 5.000%, 1/01/37   1/24 at 100.00 A+ 1,363,940
1,000   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, State System of Higher Education, Refunding Series 2016AT-1, 5.000%, 6/15/31   6/26 at 100.00 Aa3 1,202,380
280   Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, First Lien Series 2020B, 3.000%, 9/01/40 –  AGM Insured   9/30 at 100.00 AA 312,813
2,505   Total Pennsylvania       2,879,133
    Puerto Rico – 1.4%        
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
1,500   4.750%, 7/01/53   7/28 at 100.00 N/R 1,652,190
900   5.000%, 7/01/58   7/28 at 100.00 N/R 1,005,210
1,000   Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2, 4.329%, 7/01/40   7/28 at 100.00 N/R 1,086,140
3,400   Total Puerto Rico       3,743,540
    Texas – 10.2%        
2,795   Alamo Regional Mobility Authority, Texas, Vehicle Registration Fee Revenue Bonds, Senior Lien Series 2016, 5.000%, 6/15/46   6/25 at 100.00 AA+ 3,237,784
110   Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A, 5.000%, 1/01/33   7/25 at 100.00 A- 128,036
5,565   Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Frst Tier Series 2013A, 5.500%, 4/01/53 (Pre-refunded 10/01/23)   10/23 at 100.00 A+ (4) 6,366,916
1,250   Harris County Flood Control District, Texas, Contract Tax Bonds, Refunding Series 2017A, 4.000%, 10/01/35   10/27 at 100.00 AAA 1,495,613
    Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:        
480   0.000%, 11/15/30 –  NPFG Insured (ETM)   No Opt. Call Baa2 (4) 427,838
2,935   0.000%, 11/15/30 –  NPFG Insured   No Opt. Call Baa2 2,150,973
4,230   Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3, 0.000%, 11/15/35 –  NPFG Insured   11/24 at 52.47 Baa2 1,971,688
4,015   Harris County-Houston Sports Authority, Texas, Special Revenue Bonds, Refunding Senior Lien Series 2001A, 0.000%, 11/15/38 –  NPFG Insured   11/30 at 61.17 AA 1,875,045
2,260   Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company, Series 2010, 5.250%, 11/01/40   2/21 at 100.00 Baa1 2,269,040
150   Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT)   10/21 at 105.00 BB- 159,504
2,000   North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital Appreciation Series 2008I, 6.500%, 1/01/43   1/25 at 100.00 A+ 2,394,360
8

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
$5,000   Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series 2012, 5.000%, 12/15/26   12/22 at 100.00 A3 $5,405,900
30,790   Total Texas       27,882,697
    Virginia – 2.6%        
960   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 4.000%, 10/01/44   10/29 at 100.00 A- 1,090,176
2,000   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 6.500%, 10/01/44   10/28 at 100.00 A- 2,644,000
    Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012:        
1,000   5.250%, 1/01/32 (AMT)   7/22 at 100.00 BBB 1,051,810
650   6.000%, 1/01/37 (AMT)   7/22 at 100.00 BBB 693,004
1,565   5.500%, 1/01/42 (AMT)   7/22 at 100.00 BBB 1,639,713
6,175   Total Virginia       7,118,703
    Washington – 3.4%        
385   Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019, 5.000%, 4/01/44 (AMT)   4/29 at 100.00 AA- 470,405
1,000   Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018, 5.000%, 7/01/58   7/28 at 100.00 BBB+ 1,166,460
2,855   Washington State, General Obligation Bonds, Various Purpose Series 2015B, 5.000%, 2/01/37   2/25 at 100.00 Aaa 3,340,550
2,060   Washington State, General Obligation Bonds, Various Purpose Series 2016A-1, 5.000%, 8/01/39   8/25 at 100.00 Aaa 2,442,521
2,115   Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2003F, 0.000%, 12/01/27 –  NPFG Insured   No Opt. Call Aaa 1,995,883
8,415   Total Washington       9,415,819
    West Virginia – 0.6%        
1,500   West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health System Obligated Group, Refunding & Improvement Series 2013A, 5.500%, 6/01/44 (Pre-refunded 6/01/23)   6/23 at 100.00 A (4) 1,688,355
    Wisconsin – 1.3%        
1,645   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc, Series 2012, 5.000%, 6/01/39   6/22 at 100.00 A3 1,713,498
1,500   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Medical College of Wisconsin, Inc, Series 2016, 5.000%, 12/01/41   11/26 at 100.00 AA- 1,781,910
3,145   Total Wisconsin       3,495,408
$282,755   Total Municipal Bonds (cost $223,872,634)       267,978,042
    
9

NXP Nuveen Select Tax-Free Income Portfolio (continued)
  Portfolio of Investments December 31, 2020
  (Unaudited)
Shares   Description (1)       Value
    COMMON STOCKS – 0.3%        
    Electric Utilities – 0.3%        
32,258   Energy Harbor Corp (7), (8), (9)       $829,030
    Total Common Stocks (cost $899,914)       829,030
    Total Long-Term Investments (cost $224,772,548)       268,807,072
    
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    SHORT-TERM INVESTMENTS – 0.5%        
    MUNICIPAL BONDS – 0.5%        
    Florida – 0.5%        
$1,305   Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project, Variable Rate Demand Obligations, Series 2019A, 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A (10)   3/21 at 103.00 N/R $1,280,362
$1,305   Total Short-Term Investments (cost $1,305,000)       1,280,362
    Total Investments (cost $226,077,548) – 98.7%       270,087,434
    Other Assets Less Liabilities – 1.3%       3,542,307
    Net Assets Applicable to Common Shares  –  100%       $273,629,741
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
10

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $267,978,042 $ — $267,978,042
Common Stocks  — 829,030  — 829,030
Short-Term Investments:        
Municipal Bonds  — 1,280,362  — 1,280,362
Total $ — $270,087,434 $ — $270,087,434
    
(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) 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.  
(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) 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 Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2005B, 0.000%, 1/01/34.  
(8) For fair value measurement disclosure purposes, investment classified as Level 2.  
(9) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.  
(10) 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.  
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  
11