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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |