NPORT-EX 2 NXQ.htm
NXQ
Nuveen Select Tax-Free Income Portfolio 2
Portfolio of Investments    June 30, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 98.4%        
    MUNICIPAL BONDS – 98.0%        
    Arizona – 6.2%        
$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 1,206,338
2,500   Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A, 4.000%, 2/01/50   2/30 at 100.00 A1 2,901,400
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+ 95,000
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- 1,201,180
1,950   McAllister Academic Village LLC, Arizona, Revenue Bonds, Arizona State University Hassayampa Academic Village Project, Refunding Series 2016, 5.000%, 7/01/37   7/26 at 100.00 AA- 2,328,514
1,250   Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2015A, 5.000%, 7/01/34   7/25 at 100.00 A1 1,461,200
3,000   Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019A, 5.000%, 7/01/49   7/29 at 100.00 A1 3,779,640
1,160   Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Rowan University Project, Series 2012, 5.000%, 6/01/42   6/22 at 100.00 A 1,205,727
2,250   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 3,176,055
14,220   Total Arizona       17,355,054
    California – 14.9%        
11,000   Alhambra Unified School District, Los Angeles County, California, General Obligation Bonds, Capital Appreciation Series 2009B, 0.000%, 8/01/41 –  AGC Insured   No Opt. Call AA 7,171,670
45   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+ 53,321
2,440   Eureka Unified School District, Humboldt County, California, General Obligation Bonds, Series 2002, 0.000%, 8/01/27 –  AGM Insured   No Opt. Call AA 2,255,829
3,290   Folsom Cordova Unified School District, Sacramento County, California, General Obligation Bonds, School Facilities Improvement District 4, Series 2007A, 0.000%, 10/01/24 –  NPFG Insured   No Opt. Call Aa2 3,214,396
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 2,943,009
1,495   Huntington Beach Union High School District, Orange County, California, General Obligation Bonds, Series 2007, 0.000%, 8/01/33 –  FGIC Insured   No Opt. Call Aa2 1,199,140
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 (4)   8/35 at 100.00 Aa1 1,324,674
450   M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009C, 6.500%, 11/01/39   No Opt. Call A 742,680
1

NXQ Nuveen Select Tax-Free Income Portfolio 2 (continued)
  Portfolio of Investments June 30, 2021
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    California (continued)        
$1,195   Palmdale School District, Los Angeles County, California, General Obligation Bonds, Series 2003, 0.000%, 8/01/28 –  AGM Insured   No Opt. Call AA 1,081,654
4,620   Palomar Pomerado Health, California, General Obligation Bonds, Capital Appreciation, Election of 2004, Series 2007A, 0.000%, 8/01/24 –  NPFG Insured   No Opt. Call A2 4,510,829
4,400   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- 3,829,012
2,500   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 A1 (5) 2,034,875
2,755   Sacramento City Unified School District, Sacramento County, California, General Obligation Bonds, Series 2007, 0.000%, 7/01/25 –  AGM Insured   No Opt. Call A2 2,654,084
1,395   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 1,679,747
1,305   San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2019B, 5.000%, 7/01/39 (AMT)   7/29 at 100.00 A+ 1,638,219
6,025   Simi Valley Unified School District, Ventura County, California, General Obligation Bonds, Series 2007C, 0.000%, 8/01/30   No Opt. Call AA 5,152,459
47,105   Total California       41,485,598
    Colorado – 8.4%        
540   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 4.000%, 8/01/49   8/29 at 100.00 BBB+ 613,969
1,580   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+ 1,967,384
1,190   Colorado Springs, Colorado, Utilities System Revenue Bonds, Refunding Series 2020A, 4.000%, 11/15/45   11/30 at 100.00 AA+ 1,440,269
445   Colorado State, Certificates of Participation, Rural Series 2020A, 4.000%, 12/15/38   12/30 at 100.00 Aa2 539,362
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+ 2,135,660
    E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:        
5,140   0.000%, 9/01/24 –  NPFG Insured   No Opt. Call A 5,032,728
8,100   0.000%, 9/01/29 –  NPFG Insured   No Opt. Call A 7,154,325
4,475   0.000%, 9/01/33 –  NPFG Insured   No Opt. Call A 3,548,228
715   E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2020A, 5.000%, 9/01/36   9/30 at 100.00 A 931,230
24,120   Total Colorado       23,363,155
    Connecticut – 3.1%        
705   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health Issue, Series 2014D, 1.800%, 7/01/49   1/24 at 100.00 AA- 730,599
2,600   Connecticut State, General Obligation Bonds, Green Series 2014G, 5.000%, 11/15/31   11/24 at 100.00 Aa3 2,970,032
1,000   Connecticut State, General Obligation Bonds, Refunding Series 2012E, 5.000%, 9/15/32   9/22 at 100.00 Aa3 1,052,170
1,000   Connecticut State, General Obligation Bonds, Series 2018C, 5.000%, 6/15/26   No Opt. Call Aa3 1,217,420
2,490   Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2013A, 5.000%, 10/01/33   10/23 at 100.00 AA- 2,727,471
7,795   Total Connecticut       8,697,692
2

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    District of Columbia – 2.3%        
$985   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- 1,137,557
1,500   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009C, 6.500%, 10/01/41 –  AGC Insured   10/26 at 100.00 AA 1,924,365
    Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2021A:        
920   5.000%, 10/01/29 (AMT) (WI/DD, Settling 7/8/21)   No Opt. Call Aa3 1,196,929
1,065   5.000%, 10/01/46 (AMT) (WI/DD, Settling 7/8/21)   10/31 at 100.00 Aa3 1,380,038
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 719,220
5,070   Total District of Columbia       6,358,109
    Florida – 3.4%        
1,040   Broward County, Florida, Airport System Revenue Bonds, Series 2017, 5.000%, 10/01/47 (AMT)   10/27 at 100.00 A1 1,251,557
1,155   Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Priority Subordinated Series 2017, 5.000%, 10/01/47 (AMT)   10/27 at 100.00 A1 1,389,950
1,500   Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015, 5.000%, 11/15/45   11/24 at 100.00 A2 1,676,460
2,000   Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2019A, 5.000%, 10/01/49 (AMT)   10/29 at 100.00 A 2,487,640
2,000   Miami-Dade County, Florida, General Obligation Bonds, Build Better Communities Program, Series 2013A, 5.000%, 7/01/30   7/25 at 100.00 AA 2,356,120
205   Tampa, Florida, Revenue Bonds, H Lee Moffitt Cancer Center and Research Institute, Series 2020B, 4.000%, 7/01/45   7/30 at 100.00 A2 238,671
7,900   Total Florida       9,400,398
    Georgia – 0.6%        
1,330   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+ 1,567,964
    Guam – 1.8%        
3,000   Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/39   11/25 at 100.00 BB 3,423,630
1,460   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 1/01/46   7/26 at 100.00 A- 1,657,042
4,460   Total Guam       5,080,672
    Hawaii – 0.1%        
230   Hawaii State, Harbor System Revenue Bonds, Series 2020A, 4.000%, 7/01/35 (AMT)   7/30 at 100.00 Aa3 275,505
    Idaho – 1.6%        
4,000   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- 4,396,720
3

NXQ Nuveen Select Tax-Free Income Portfolio 2 (continued)
  Portfolio of Investments June 30, 2021
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois – 10.7%        
$1,615   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 1,576,127
750   Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46   4/27 at 100.00 A- 933,675
735   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series 2011A, 5.000%, 12/01/41   12/21 at 100.00 BB 748,090
760   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017C, 5.000%, 12/01/30   12/27 at 100.00 BB 940,561
365   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016B, 6.500%, 12/01/46   12/26 at 100.00 BB 458,626
2,245   Illinois Finance Authority, Revenue Bonds, Northwestern Memorial HealthCare, Series 2013, 5.000%, 8/15/43   8/22 at 100.00 AA+ 2,355,432
2,070   Illinois State, General Obligation Bonds, Refunding September Series 2018B, 5.000%, 10/01/23   No Opt. Call Baa2 2,279,422
2,500   Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2019A, 4.000%, 1/01/39   7/29 at 100.00 AA- 2,920,625
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A:        
6,350   0.000%, 12/15/31 –  NPFG Insured   No Opt. Call BBB 5,093,843
1,350   0.000%, 6/15/35 –  NPFG Insured   No Opt. Call BBB 973,593
5,000   0.000%, 12/15/36 –  NPFG Insured   No Opt. Call BBB 3,446,900
9,370   0.000%, 6/15/39 –  NPFG Insured   No Opt. Call BBB 5,916,499
1,825   Springfield, Illinois, Electric Revenue Bonds, Refunding Senior Lien Series 2015, 5.000%, 3/01/28   3/25 at 100.00 A 2,113,642
34,935   Total Illinois       29,757,035
    Indiana – 3.1%        
1,600   Indiana Bond Bank, Special Program Bonds, Carmel Junior Waterworks Project, Series 2008B, 0.000%, 6/01/30 –  AGM Insured   No Opt. Call AA 1,367,808
2,040   Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation Group, Refunding 2015A, 5.000%, 12/01/40   6/25 at 100.00 AA 2,360,443
1,825   Indiana Finance Authority, Hospital Revenue Bonds, Marion General Hospital Project, Series 2020A, 4.000%, 7/01/40   7/30 at 100.00 A 2,145,671
2,500   Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2015A, 5.000%, 10/01/45   10/24 at 100.00 AA 2,835,300
7,965   Total Indiana       8,709,222
    Iowa – 0.3%        
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- 915,507
    Kentucky – 1.3%        
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 N/R (5) 2,515,075
4

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Kentucky (continued)        
$805   Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Convertible Capital Appreciation Series 2013C, 0.000%, 7/01/43 (4)   7/31 at 100.00 Baa2 993,861
3,305   Total Kentucky       3,508,936
    Louisiana – 0.8%        
1,870   Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue Bonds, Series 2017B, 5.000%, 12/01/42 –  AGM Insured   12/27 at 100.00 AA 2,326,243
    Maryland – 0.4%        
1,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins Health System Obligated Group Issue, Series 2012B, 5.000%, 7/01/27 (Pre-refunded 7/01/22)   7/22 at 100.00 Aa2 (5) 1,048,510
    Massachusetts – 5.5%        
2,200   Massachusetts Bay Transportation Authority, Assessment Bonds, Series 2012A, 5.000%, 7/01/41   7/22 at 100.00 AAA 2,301,530
2,000   Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2, 5.000%, 7/01/43   7/28 at 100.00 A 2,442,520
1,675   Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E, 5.000%, 11/01/43   11/23 at 100.00 A 1,840,356
2,250   Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System, Series 2014M-4, 5.000%, 7/01/44 (Pre-refunded 7/01/23)   7/23 at 100.00 AA- (5) 2,466,112
400   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- 435,212
2,100   Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Subordinated Series 2019A, 5.000%, 2/15/49   2/26 at 100.00 AA+ 2,505,048
2,115   Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement & Accelerated Bridge Programs, Series 2017A, 5.000%, 6/01/42   6/27 at 100.00 AA+ 2,608,451
730   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+ (5) 733,030
13,470   Total Massachusetts       15,332,259
    Michigan – 1.2%        
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- (5) 373,105
385   Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2015-I, 5.000%, 4/15/38   10/25 at 100.00 Aa2 453,730
2,000   Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2016-I, 5.000%, 4/15/35   10/26 at 100.00 Aa2 2,411,680
2,740   Total Michigan       3,238,515
    Nebraska – 0.7%        
545   Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 4.125%, 11/01/36   11/25 at 100.00 A 608,362
305   Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018, 5.000%, 7/01/27   7/25 at 100.00 BBB 353,010
5

NXQ Nuveen Select Tax-Free Income Portfolio 2 (continued)
  Portfolio of Investments June 30, 2021
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Nebraska (continued)        
$1,000   Nebraska Public Power District, General Revenue Bonds, Series 2015A-2, 5.000%, 1/01/40   1/22 at 100.00 A+ 1,024,090
1,850   Total Nebraska       1,985,462
    Nevada – 1.7%        
990   Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series 2017A, 5.000%, 9/01/37   9/27 at 100.00 A- 1,188,911
3,000   Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2015, 5.000%, 6/01/34   12/24 at 100.00 Aa1 3,445,710
3,990   Total Nevada       4,634,621
    New Jersey – 3.2%        
1,255   Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2013, 5.000%, 1/01/37   1/24 at 100.00 A+ 1,393,037
2,000   New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2016BBB, 5.500%, 6/15/31   12/26 at 100.00 Baa1 2,473,920
2,000   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA, 5.250%, 6/15/29   6/25 at 100.00 Baa1 2,355,860
2,400   New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2021A, 4.000%, 1/01/51   1/31 at 100.00 A+ 2,850,456
7,655   Total New Jersey       9,073,273
    New Mexico – 1.1%        
1,000   Albuquerque, New Mexico, Refuse Removal and Disposal Revenue Bonds, Series 2020, 4.000%, 7/01/43   7/30 at 100.00 AA 1,204,070
800   New Mexico Hospital Equipment Loan Council, First Mortgage Revenue Bonds, Haverland Carter Lifestyle Group, Series 2013, 5.000%, 7/01/42   7/22 at 100.00 BBB- 823,760
1,000   New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series 2007A, 5.250%, 9/01/42 (AMT)   7/21 at 100.00 N/R 1,003,910
2,800   Total New Mexico       3,031,740
    New York – 2.8%        
3,800   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020A Bidding Group 1 thru 5, 4.000%, 3/15/44   9/30 at 100.00 AA+ 4,514,172
455   Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A, 5.250%, 2/15/47   8/21 at 100.00 AA- 456,715
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 1,144,010
1,250   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2012F, 5.000%, 11/15/26   11/22 at 100.00 A3 1,325,213
500   TSASC Inc, New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series B, 5.000%, 6/01/24   No Opt. Call B- 524,365
7,005   Total New York       7,964,475
    Ohio – 0.7%        
330   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+ 385,978
6

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Ohio (continued)        
$315   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 368,238
1,105   Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and Infrastructure Commission Infrastructure Projects, Junior Lien, Current Interest Series 2013A-1, 5.000%, 2/15/48 (Pre-refunded 2/15/23)   2/23 at 100.00 Aa3 (5) 1,190,704
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
2,750   Total Ohio       1,946,170
    Oklahoma – 0.2%        
450   Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B, 5.000%, 8/15/38   8/28 at 100.00 Baa3 545,926
    Oregon – 1.5%        
915   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+ 1,122,934
605   Beaverton, Oregon, Special Revenue Bonds, Series 2020A, 4.000%, 6/01/37   6/30 at 100.00 Aa3 730,906
60   Clackamas Community College District, Oregon, General Obligation Bonds, Deferred Interest Series 2017A, 5.000%, 6/15/40   6/27 at 100.00 Aa1 72,757
500   Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A, 5.000%, 11/15/52   11/25 at 102.00 N/R 551,165
500   Lake Oswego, Oregon, General Obligation Bonds, Series 2013, 5.000%, 6/01/26   6/23 at 100.00 AAA 545,160
1,090   Oregon Facilities Authority, Revenue Bonds, Reed College, Series 2017A, 4.000%, 7/01/41   7/27 at 100.00 Aa2 1,266,667
3,670   Total Oregon       4,289,589
    Pennsylvania – 2.1%        
500   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Generation Project, Series 2008B, 3.750%, 10/01/47   4/31 at 100.00 N/R 539,855
1,500   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 1,801,995
2,970   Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2015A, 5.000%, 7/01/40 (Pre-refunded 7/01/24)   7/24 at 100.00 A+ (5) 3,384,255
260   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 285,571
5,230   Total Pennsylvania       6,011,676
    Puerto Rico – 1.7%        
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
1,000   4.750%, 7/01/53   7/28 at 100.00 N/R 1,138,530
1,080   5.000%, 7/01/58   7/28 at 100.00 N/R 1,247,519
2,000   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 2,246,600
4,080   Total Puerto Rico       4,632,649
7

NXQ Nuveen Select Tax-Free Income Portfolio 2 (continued)
  Portfolio of Investments June 30, 2021
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    South Carolina – 0.6%        
$1,500   Richland County School District 2, South Carolina, General Obligation Bonds, Refunding Series 2012B, 3.050%, 5/01/27   5/23 at 100.00 Aa1 1,569,720
    South Dakota – 0.2%        
600   South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2015, 5.000%, 11/01/35   11/25 at 100.00 AA- 702,192
    Texas – 7.6%        
1,880   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+ 2,156,492
240   Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A, 5.000%, 1/01/35   7/25 at 100.00 A- 274,502
5,560   Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier Series 2013A, 5.500%, 4/01/53 (Pre-refunded 10/01/23)   10/23 at 100.00 A+ (5) 6,223,030
1,160   Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Houston Methodist Hospital System, Series 2015, 5.000%, 12/01/45   6/25 at 100.00 AA 1,326,796
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 1,462,013
    Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:        
110   0.000%, 11/15/24 –  NPFG Insured (ETM)   No Opt. Call Baa2 (5) 107,801
520   0.000%, 11/15/24 –  NPFG Insured   No Opt. Call Baa2 486,730
12,480   0.000%, 11/15/41 –  NPFG Insured   11/31 at 53.78 Baa2 4,788,950
575   Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Project, Series 2001B, 0.000%, 9/01/24 –  AMBAC Insured   No Opt. Call A 556,830
2,255   Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company, Series 2010, 5.250%, 11/01/40   8/21 at 100.00 Baa1 2,305,873
155   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- 164,009
1,025   North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B, 5.000%, 1/01/40   1/23 at 100.00 A+ 1,095,479
200   Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott & White Healthcare Project, Series 2016A, 4.000%, 11/15/42   5/26 at 100.00 AA- 222,838
27,410   Total Texas       21,171,343
    Virginia – 0.9%        
    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 1,047,190
410   6.000%, 1/01/37 (AMT)   7/22 at 100.00 BBB 432,612
1,010   5.500%, 1/01/42 (AMT)   7/22 at 100.00 BBB 1,059,126
2,420   Total Virginia       2,538,928
    Washington – 5.0%        
1,610   Energy Northwest, Washington, Electric Revenue Bonds, Nuclear Project 1, Refunding Series 2021-A, 4.000%, 7/01/42   7/31 at 100.00 Aa2 1,961,431
8

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Washington (continued)        
$395   Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019, 5.000%, 4/01/44 (AMT)   4/29 at 100.00 AA- 482,911
860   Snohomish County School District 306 Lakewood, Washington, General Obligation Bonds, Series 2014, 5.000%, 12/01/28   6/24 at 100.00 Aaa 975,842
4,000   Washington Health Care Facilities Authority, Revenue Bonds, Catholic Health Initiative, Series 2013A, 5.750%, 1/01/45 (Pre-refunded 1/01/23)   1/23 at 100.00 BBB+ (5) 4,328,560
1,500   Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018, 5.000%, 7/01/58   7/28 at 100.00 Baa1 1,809,075
1,130   Washington State, General Obligation Bonds, Various Purpose Series 2015B, 5.000%, 2/01/37   2/25 at 100.00 Aaa 1,302,528
2,535   Washington State, General Obligation Bonds, Various Purpose Series 2017A, 5.000%, 8/01/38   8/26 at 100.00 Aaa 3,059,948
12,030   Total Washington       13,920,295
    Wisconsin – 2.3%        
2,000   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen Lutheran, Series 2011A, 5.250%, 10/15/39   10/21 at 100.00 AA- 2,027,920
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 1,709,467
2,355   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- 2,826,283
6,000   Total Wisconsin       6,563,670
$271,785   Total Municipal Bonds (cost $234,960,881)       273,398,823
    
Shares   Description (1)       Value
    COMMON STOCKS – 0.4%        
    Electric Utilities – 0.4%        
32,258   Energy Harbor Corp (7), (8), (9)       $1,213,707
    Total Common Stocks (cost $899,914)       1,213,707
    Total Long-Term Investments (cost $235,860,795)       274,612,530
    
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    SHORT-TERM INVESTMENTS – 0.5%        
    MUNICIPAL BONDS – 0.5%        
    Florida – 0.5%        
$1,345   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)   8/21 at 103.00 N/R $1,378,934
$1,345   Total Short-Term Investments (cost $1,345,000)       1,378,934
    Total Investments (cost $237,205,795) – 98.9%       275,991,464
    Other Assets Less Liabilities – 1.1%       3,139,414
    Net Assets Applicable to Common Shares  –  100%       $279,130,878
9

NXQ Nuveen Select Tax-Free Income Portfolio 2 (continued)
  Portfolio of Investments June 30, 2021
  (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 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).
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 $ — $273,398,823 $ — $273,398,823
Common Stocks  — 1,213,707  — 1,213,707
Short-Term Investments:        
Municipal Bonds  — 1,378,934  — 1,378,934
Total $ — $275,991,464 $ — $275,991,464
    
(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) 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.  
(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 during February 2020 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  
WI/DD Purchased on a when-issued or delayed delivery basis.  
10

11