Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 153.4% (100.0% of Total Investments) | ||||||
MUNICIPAL BONDS – 153.4% (100.0% of Total Investments) | ||||||
Consumer Staples – 4.1% (2.7% of Total Investments) | ||||||
$1,055 | Missouri Development Finance Board, Solid Waste Disposal Revenue Bonds, Procter and Gamble Inc, Series 1999, 5.200%, 3/15/29 (AMT) | No Opt. Call | AA- | $1,343,215 | ||
Education and Civic Organizations – 15.8% (10.3% of Total Investments) | ||||||
300 | Curators of the University of Missouri, System Facilities Revenue Bonds, Series 2014A, 4.000%, 11/01/33 | 11/24 at 100.00 | AA+ | 332,316 | ||
410 | Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Kansas City University of Medicine and Biosciences, Series 2013A, 5.000%, 6/01/33 | 6/23 at 100.00 | A1 | 447,359 | ||
750 | Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013, 5.500%, 5/01/43 | 5/23 at 100.00 | BBB | 792,893 | ||
600 | Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Southwest Baptist University Project, Series 2012, 5.000%, 10/01/33 | 10/22 at 100.00 | BBB- | 614,046 | ||
725 | Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, University of Central Missouri, Series 2013C-2, 5.000%, 10/01/34 | 10/23 at 100.00 | A+ | 799,914 | ||
1,000 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis University, Series 2015A, 4.000%, 10/01/42 | 10/25 at 100.00 | AA- | 1,102,830 | ||
500 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis University, Series 2019A, 5.000%, 10/01/46 | 4/29 at 100.00 | AA- | 585,635 | ||
115 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Webster University, Refunding Series 2017, 4.000%, 4/01/34 | 4/27 at 100.00 | Baa2 | 122,201 | ||
210 | Missouri Southern State University, Auxiliary Enterprise System Revenue Bonds, Series 2019A, 4.000%, 10/01/39 – AGM Insured | 10/29 at 100.00 | AA | 233,508 | ||
100 | Saline County Industrial Development Authority, Missouri, First Mortgage Revenue Bonds, Missouri Valley College, Series 2017, 4.500%, 10/01/40 | 10/23 at 100.00 | N/R | 101,604 | ||
4,710 | Total Education and Civic Organizations | 5,132,306 | ||||
Health Care – 32.3% (21.0% of Total Investments) | ||||||
300 | Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding Series 2016, 5.000%, 8/01/30 | 8/26 at 100.00 | BBB- | 328,053 | ||
400 | Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2017A, 5.000%, 3/01/36 | 3/27 at 100.00 | BBB- | 429,248 | ||
250 | Hannibal Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Hannibal Regional Healthcare System, Series 2017, 5.000%, 10/01/47 | 10/27 at 100.00 | A- | 287,995 | ||
315 | Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman Health System, Series 2015, 5.000%, 2/15/35 | 2/24 at 100.00 | A | 342,805 | ||
500 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Series 2015A, 4.000%, 1/01/45 | 1/25 at 100.00 | AA | 537,825 |
NOM | Nuveen Missouri Quality Municipal Income Fund (continued) |
Portfolio of Investments February 28, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
$500 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Variable Rate Demand Obligation Series 2013C, 4.000%, 1/01/50 (Mandatory Put 1/01/46) | 7/26 at 100.00 | AA | $551,490 | ||
750 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Variable Rate Demand Obligation Series 2017D, 4.000%, 1/01/58 (Mandatory Put 1/01/48) (UB) (4) | 1/28 at 100.00 | AA | 824,805 | ||
130 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Capital Region Medical Center, Series 2020, 5.000%, 11/01/40 | 11/30 at 100.00 | Baa2 | 151,567 | ||
1,730 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2013A, 5.000%, 11/15/44 | 11/23 at 100.00 | A2 | 1,861,324 | ||
415 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2015A, 5.000%, 11/15/32 | 11/25 at 100.00 | A2 | 478,005 | ||
150 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2019A, 5.000%, 11/15/37 | 5/29 at 100.00 | A2 | 182,601 | ||
335 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Heartland Regional Medical Center, Series 2012, 5.000%, 2/15/37 | 2/22 at 100.00 | AA- | 345,724 | ||
390 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2012, 4.000%, 11/15/42 | 11/22 at 100.00 | A+ | 406,103 | ||
550 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2014F, 4.250%, 11/15/48 | 11/24 at 100.00 | A+ | 587,967 | ||
515 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2017C, 5.000%, 11/15/47 | 11/27 at 100.00 | A+ | 604,651 | ||
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2020: | ||||||
500 | 4.000%, 6/01/50 | 6/30 at 100.00 | A+ | 563,590 | ||
1,000 | 4.000%, 6/01/53 | 6/30 at 100.00 | A+ | 1,124,890 | ||
350 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Children's Mercy Hospital, Series 2017A, 4.000%, 5/15/48 | 5/25 at 102.00 | A+ | 377,895 | ||
500 | Saint Louis County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Ranken-Jordan Project, Refunding & Improvement Series 2016, 5.000%, 11/15/46 | 11/25 at 100.00 | N/R | 521,865 | ||
9,580 | Total Health Care | 10,508,403 | ||||
Housing/Single Family – 0.4% (0.3% of Total Investments) | ||||||
120 | Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, First Place Homeownership Loan Program, Series 2017A-2, 3.800%, 11/01/37 | 11/26 at 100.00 | AA+ | 129,839 | ||
Long-Term Care – 9.3% (6.0% of Total Investments) | ||||||
190 | Bridgeton Industrial Development Authority, Missouri, Senior Housing Revenue Bonds, The Sarah Community Project, Refunding Series 2016, 4.000%, 5/01/33 | 5/25 at 100.00 | N/R | 186,578 | ||
100 | Kirkwood Industrial Development Authority, Missouri, Retirement Community Revenue Bonds, Aberdeen Heights Project, Refunding Series 2017A, 5.250%, 5/15/37 | 5/27 at 100.00 | BB | 109,793 | ||
500 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2014A, 5.000%, 2/01/44 | 2/24 at 100.00 | BBB | 534,325 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care (continued) | ||||||
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2016A: | ||||||
$400 | 5.000%, 2/01/36 | 2/26 at 100.00 | BBB | $448,520 | ||
500 | 5.000%, 2/01/46 | 2/26 at 100.00 | BBB | 552,820 | ||
100 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2019C, 4.000%, 2/01/48 | 2/29 at 100.00 | BBB | 105,123 | ||
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village of Sunset Hills, Series 2012: | ||||||
250 | 5.000%, 9/01/32 | 9/22 at 100.00 | BB+ | 258,867 | ||
250 | 5.000%, 9/01/42 | 9/22 at 100.00 | BB+ | 257,120 | ||
430 | Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village of Sunset Hills, Series 2013A, 5.875%, 9/01/43 | 9/23 at 100.00 | BB+ | 463,080 | ||
100 | Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Saint Andrew's Resources for Seniors, Series 2015A, 5.125%, 12/01/45 | 12/25 at 100.00 | N/R | 103,069 | ||
2,820 | Total Long-Term Care | 3,019,295 | ||||
Tax Obligation/General – 22.6% (14.8% of Total Investments) | ||||||
500 | Branson Reorganized School District R-4, Taney County, Missouri, General Obligation Bonds, School Building Series 2012, 4.375%, 3/01/32 | 3/22 at 100.00 | A+ | 520,015 | ||
Clay County Public School District 53, Liberty, Missouri, General Obligation Bonds, Series 2018: | ||||||
1,000 | 4.000%, 3/01/34 | 3/26 at 100.00 | AA | 1,133,490 | ||
335 | 4.000%, 3/01/36 | 3/26 at 100.00 | AA | 376,858 | ||
340 | Clay County Reorganized School District R-II Smithville, Missouri, General Obligation Bonds, Refunding Series 2015, 4.000%, 3/01/36 | 3/27 at 100.00 | AA+ | 385,608 | ||
350 | Fenton Missouri Fire Protection District, Missouri, General Obligation Bonds, Series 2019, 4.000%, 3/01/39 | 3/27 at 100.00 | AA+ | 390,999 | ||
500 | Fort Zumwalt School District, Callaway County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2015, 4.000%, 3/01/32 | 3/24 at 100.00 | AA+ | 544,965 | ||
200 | Fort Zumwalt School District, Callaway County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2018, 5.000%, 3/01/36 | 3/27 at 100.00 | AA+ | 241,890 | ||
1,000 | Joplin Schools, Missouri, General Obligation Bonds, Refunding, Direct Deposit Program Series 2017, 4.000%, 3/01/32 | 3/27 at 100.00 | AA+ | 1,158,440 | ||
300 | Kansas City, Missouri, General Obligation Bonds, Refunding & Improvement Series 2018A, 4.000%, 2/01/35 | 2/28 at 100.00 | AA | 348,237 | ||
1,000 | Valley Park Fire Protection District, Missouri, General Obligation Bonds, Series 2019, 4.000%, 3/01/39 | 3/27 at 100.00 | AA | 1,117,140 | ||
1,000 | Washington School District, Franklin County, Missouri, General Obligation Bonds, Missouri Direct Deposit Program, Series 2019, 4.000%, 3/01/35 | 3/27 at 100.00 | AA+ | 1,150,770 | ||
6,525 | Total Tax Obligation/General | 7,368,412 |
NOM | Nuveen Missouri Quality Municipal Income Fund (continued) |
Portfolio of Investments February 28, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited – 28.1% (18.3% of Total Investments) | ||||||
$500 | Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2019, 4.000%, 10/01/48 | 10/29 at 100.00 | AA | $570,345 | ||
720 | Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2020A, 4.000%, 10/01/44 | 10/30 at 100.00 | AA | 836,143 | ||
350 | Blue Springs, Missouri, Special Obligation Tax Increment Bonds, Adams Farm Project, Special Districts Refunding & Improvement Series 2015A, 4.750%, 6/01/30 | 6/24 at 100.00 | N/R | 352,593 | ||
145 | Clay, Jackson & Platte Counties Consolidated Public Library District 3, Missouri, Certificates of Participation, Mid-Continent Public Library Project, Series 2018, 4.000%, 3/01/35 | 3/26 at 100.00 | Aa3 | 162,223 | ||
250 | Conley Road Transportation District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2017, 5.125%, 5/01/41 | 5/25 at 100.00 | N/R | 255,952 | ||
315 | Fulton, Missouri, Tax Increment Revenue Bonds, Fulton Commons Redevelopment Project, Series 2006, 5.000%, 6/01/28 (5) | 3/21 at 100.00 | N/R | 163,800 | ||
430 | Government of Guam, Business Privilege Tax Bonds, Series 2012B-1, 5.000%, 1/01/42 | 1/22 at 100.00 | BB | 439,185 | ||
Howard Bend Levee District, St Louis County, Missouri, Levee District Improvement Bonds, Series 2013B: | ||||||
250 | 4.875%, 3/01/33 | 3/23 at 100.00 | BB+ | 254,593 | ||
200 | 5.000%, 3/01/38 | 3/23 at 100.00 | BB+ | 203,572 | ||
485 | Jackson County, Missouri, Special Obligation Bonds, Truman Medical Center Project, Series 2011B, 4.350%, 12/01/23 | 12/21 at 100.00 | Aa2 | 498,730 | ||
300 | Kansas City Industrial Development Authority, Missouri, Downtown Redevelpment District Revenue Bonds, Series 2011A, 5.000%, 9/01/32 | 9/21 at 100.00 | AA- | 306,924 | ||
125 | Kansas City Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Ward Parkway Center Community Improvement District, Senior Refunding & Improvement Series 2016, 4.250%, 4/01/26, 144A | No Opt. Call | N/R | 129,739 | ||
325 | Kansas City, Missouri, Special Obligation Bonds, Downtown Redevelopment District, Series 2014C, 5.000%, 9/01/33 | 9/23 at 100.00 | AA- | 357,926 | ||
Land Clearance for Redevelopment Authority of Kansas City, Missouri, Project Revenue Bonds, Convention Center Hotel Project - TIF Financing, Series 2018B: | ||||||
100 | 5.000%, 2/01/40, 144A | 2/28 at 100.00 | N/R | 106,171 | ||
100 | 5.000%, 2/01/50, 144A | 2/28 at 100.00 | N/R | 105,552 | ||
245 | Missouri Development Finance Board, Infrastructure Facilities Revenue Bonds, City of Branson - Branson Landing Project, Series 2015A, 4.000%, 6/01/34 | 6/23 at 100.00 | A- | 259,511 | ||
140 | Plaza at Noah's Ark Community Improvement District, Saint Charles, Missouri, Tax Increment and Improvement District Revenue Bonds, Series 2015, 5.000%, 5/01/30 | 5/21 at 100.00 | N/R | 140,228 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
200 | 4.550%, 7/01/40 | 7/28 at 100.00 | N/R | 218,010 | ||
409 | 0.000%, 7/01/46 | 7/28 at 41.38 | N/R | 125,743 | ||
170 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 188,282 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2: | ||||||
$252 | 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | $271,064 | ||
100 | 4.784%, 7/01/58 | 7/28 at 100.00 | N/R | 109,357 | ||
50 | Saint Charles County Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Wentzville Parkway Regional Community Improvement District Project, Series 2019B, 4.250%, 11/01/49, 144A | 11/29 at 102.00 | N/R | 49,998 | ||
250 | Saint Louis County Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Chesterfield Blue Valley Community Improvement District Project, Series 2014A, 5.250%, 7/01/44, 144A | 7/24 at 100.00 | N/R | 253,560 | ||
500 | Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Expansion & Improvement Projects Series 2020, 5.000%, 10/01/49 – AGM Insured | 10/30 at 100.00 | AA | 609,390 | ||
300 | Saint Louis Municipal Library District, Missouri, Certificates of Participation, Refunding Series 2020, 4.000%, 3/15/44 – BAM Insured | 3/30 at 100.00 | AA | 332,709 | ||
600 | Springfield, Missouri, Special Obligation Bonds, Sewer System Improvements Project, Series 2015, 4.000%, 4/01/35 | 4/25 at 100.00 | Aa2 | 653,022 | ||
500 | St Charles, Missouri, Certificates of Participation, Refunding Series 2020B, 3.000%, 2/01/39 | 8/30 at 100.00 | Aa3 | 528,625 | ||
450 | The Industrial Development Authority of the City of Saint Louis, Missouri, Development Financing Revenue Bonds, Ballpark Village Development Project, Series 2017A, 4.750%, 11/15/47 | 11/26 at 100.00 | N/R | 428,665 | ||
215 | Transportation Development District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2017, 4.500%, 6/01/36 | 6/26 at 100.00 | BBB | 231,138 | ||
8,976 | Total Tax Obligation/Limited | 9,142,750 | ||||
Transportation – 6.1% (4.0% of Total Investments) | ||||||
335 | Guam International Airport Authority, Revenue Bonds, Series 2013B, 5.500%, 10/01/33 – AGM Insured | 10/23 at 100.00 | AA | 366,524 | ||
1,350 | Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2020A, 5.000%, 3/01/57 – AGM Insured (AMT) | 3/30 at 100.00 | AA | 1,632,838 | ||
1,685 | Total Transportation | 1,999,362 | ||||
U.S. Guaranteed – 20.2% (13.1% of Total Investments) (6) | ||||||
910 | Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2013A, 5.000%, 10/01/33 (Pre-refunded 10/01/22) | 10/22 at 100.00 | Aa2 | 979,797 | ||
2,000 | Metropolitan St Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, Series 2012A, 5.000%, 5/01/42 (Pre-refunded 5/01/22) | 5/22 at 100.00 | AAA | 2,113,240 | ||
500 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Saint Luke's Episcopal & Presbyterian Hospitals, Series 2011, 5.000%, 12/01/25 (Pre-refunded 12/01/21) | 12/21 at 100.00 | A+ | 517,640 | ||
630 | Missouri Health and Educational Facilities Authority, Revenue Bonds, AT Still University of Health Sciences, Series 2011, 5.250%, 10/01/41 (Pre-refunded 10/01/21) | 10/21 at 100.00 | A- | 648,749 |
NOM | Nuveen Missouri Quality Municipal Income Fund (continued) |
Portfolio of Investments February 28, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed (6) (continued) | ||||||
$510 | Missouri Health and Educational Facilities Authority, Revenue Bonds, AT Still University of Health Sciences, Series 2014, 5.000%, 10/01/39 (Pre-refunded 10/01/23) | 10/23 at 100.00 | A- | $572,414 | ||
550 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Washington University, Series 2011B, 5.000%, 11/15/37 (Pre-refunded 11/15/21) | 11/21 at 100.00 | AA+ | 568,848 | ||
600 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Webster University, Series 2011, 5.000%, 4/01/36 (Pre-refunded 4/01/21) | 4/21 at 100.00 | Baa2 | 602,358 | ||
100 | Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village of Chesterfield, Series 2012, 5.000%, 9/01/42 (Pre-refunded 9/01/22) | 9/22 at 100.00 | N/R | 107,188 | ||
445 | Springfield Public Building Corporation, Missouri, Lease Revenue Bonds, Jordan Valley Park Projects, Series 2000A, 6.125%, 6/01/21 – AMBAC Insured (ETM) | 4/21 at 100.00 | N/R | 451,524 | ||
6,245 | Total U.S. Guaranteed | 6,561,758 | ||||
Utilities – 14.5% (9.5% of Total Investments) | ||||||
250 | Camden County Public Water Supply District 4, Missouri, Certificates of Participation, Series 2017, 5.000%, 1/01/47 | 1/25 at 100.00 | A- | 274,828 | ||
150 | Franklin County Public Water Supply District 3, Missouri, Certificates of Participation, Series 2017, 4.000%, 12/01/37 | 12/24 at 100.00 | A+ | 163,023 | ||
160 | Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Improvement Series 2018A, 4.000%, 1/01/35 | 1/28 at 100.00 | AA | 185,464 | ||
125 | Metropolitan St Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, Refunding & Improvement Series 2016C, 5.000%, 5/01/46 | 5/26 at 100.00 | AAA | 147,849 | ||
450 | Metropolitan St Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, Refunding & Improvement Series 2017A, 5.000%, 5/01/47 | 5/27 at 100.00 | AAA | 538,272 | ||
500 | Missouri Environmental Improvement and Energy Resources Authority, Water Facility Revenue Bonds, Tri-County Water Authority, Series 2015, 5.000%, 1/01/40 | 1/25 at 100.00 | Aa3 | 568,760 | ||
350 | Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A, 5.000%, 1/01/32 | 1/25 at 100.00 | A | 400,519 | ||
500 | Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2015A, 4.000%, 1/01/35 | 1/26 at 100.00 | A | 553,440 | ||
500 | Missouri Joint Municipal Electric Utility Commission, Power Supply System Revenue Bonds, MoPEP Facilities, Series 2018, 5.000%, 12/01/43 | 6/27 at 100.00 | A2 | 597,515 | ||
585 | Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Refudning Series 2016C, 5.000%, 12/01/32 | 12/25 at 100.00 | AA+ | 691,575 | ||
550 | Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Series 2018, 4.000%, 12/01/39 | 12/25 at 100.00 | AA+ | 608,118 | ||
4,120 | Total Utilities | 4,729,363 | ||||
$45,836 | Total Long-Term Investments (cost $46,922,549) | 49,934,703 | ||||
Floating Rate Obligations – (1.8)% | (600,000) | |||||
MuniFund Preferred Shares, net of deferred offering costs – (54.6)% (7) | (17,785,227) | |||||
Other Assets Less Liabilities – 3.0% | 996,154 | |||||
Net Asset Applicable to Common Shares – 100% | $32,545,630 |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $49,934,703 | $ — | $49,934,703 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(4) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. | |
(5) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(6) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(7) | MuniFund Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 35.6%. | |
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 | |
UB | Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 4 – Portfolio Securities and Investments in Derivatives for more information. |