1
Nuveen
California
Quality
Municipal
Income
Fund
Portfolio
of
Investments
November
30,
2022
(Unaudited)
NAC
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
165.2% (100.0%
of
Total
Investments)
X
3,012,677,247
MUNICIPAL
BONDS
-
165.2% (100.0%
of
Total
Investments)
X
3,012,677,247
Consumer
Staples
-
0.7%
(0.4%
of
Total
Investments)
$
1,000
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-Backed
Bonds,
Golden
Gate
Tobacco
Funding
Corporation,
Turbo,
Series
2007A,
5.000%,
6/01/47
12/22
at
100.00
N/R
$
917,700
680
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+
586,147
25,000
California
Statewide
Financing
Authority,
Tobacco
Settlement
Asset-
Backed
Bonds,
Pooled
Tobacco
Securitization
Program,
Series
2006A,
0.000%,
6/01/46
12/22
at
23.61
N/R
5,887,250
19,000
Silicon
Valley
Tobacco
Securitization
Authority,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Santa
Clara
County
Tobacco
Securitization
Corporation,
Series
2007B,
0.000%,
6/01/47
1/23
at
24.47
N/R
4,627,070
45,680
Total
Consumer
Staples
12,018,167
Education
and
Civic
Organizations
-
5.9%
(3.6%
of
Total
Investments)
5,725
California
Educational
Facilities
Authority,
Revenue
Bonds,
Stanford
University
Series
2016U-7,
5.000%,
6/01/46
No
Opt.
Call
AAA
6,768,610
California
Municipal
Finance
Authority, Revenue
Bonds,
Creative
Center
of
Los
Altos
Project
Pinewood
&
Oakwood
Schools,
Series
2016B:
800
4.000%,
11/01/36,
144A
11/26
at
100.00
N/R
694,216
1,000
4.500%,
11/01/46,
144A
11/26
at
100.00
N/R
834,050
California
Municipal
Finance
Authority,
Revenue
Bonds,
Linxs
APM
Project,
Senior
Lien
Series
2018A:
3,500
5.000%,
12/31/43,
(AMT)
6/28
at
100.00
BBB-
3,540,075
4,000
5.000%,
12/31/47,
(AMT)
6/28
at
100.00
BBB-
4,023,360
350
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Kepler
Neighborhood
School,
Series
2017A,
5.000%,
5/01/27,
144A
No
Opt.
Call
N/R
345,222
1,615
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2015A,
5.000%,
7/01/45,
144A
7/25
at
100.00
BBB
1,624,254
2,150
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2016A,
5.000%,
7/01/46,
144A
7/25
at
100.00
BBB
2,160,858
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2016C:
5,995
5.000%,
7/01/46,
144A
7/25
at
101.00
BBB
6,036,126
8,340
5.250%,
7/01/52,
144A
7/25
at
101.00
BBB
8,438,328
800
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Value
Schools,
Series
2016A,
6.000%,
7/01/51,
144A
7/26
at
100.00
811,240
5,140
California
State
University,
Systemwide
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
11/01/43
11/25
at
100.00
Aa2
5,341,128
10,440
California
State
University,
Systemwide
Revenue
Bonds,
Series
2018A,
5.000%,
11/01/43
11/28
at
100.00
Aa2
11,187,295
7,505
California
State
University,
Systemwide
Revenue
Bonds,
Series
2020C,
3.000%,
11/01/40
11/30
at
100.00
Aa2
6,433,136
University
of
California,
General
Revenue
Bonds,
Limited
Project
Series
2018O:
8,500
5.000%,
5/15/43
5/28
at
100.00
AA-
9,100,355
17,150
5.000%,
5/15/48
5/28
at
100.00
AA-
18,183,974
University
of
California,
General
Revenue
Bonds,
Series
2018AZ:
3,930
5.000%,
5/15/38
5/28
at
100.00
AA
4,275,093
6,775
5.000%,
5/15/48
5/28
at
100.00
AA
7,183,465
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2022
(Unaudited)
2
NAC
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
$
10,000
University
of
California,
General
Revenue
Bonds,
Series
2020BE,
4.000%,
5/15/47
5/30
at
100.00
AA
$
9,955,900
103,715
Total
Education
and
Civic
Organizations
106,936,685
Financials
-
0.0%
(0.0%
of
Total
Investments)
1,305
Puerto
Rico
Urgent
Interest
Fund
Corp
(COFINA),
National
Taxable
Trust
Unit,
Series
2007A
Sr.
Bond,
0.000%,
8/01/54
(4)
No
Opt.
Call
N/R
325,506
Health
Care
-
20.5%
(12.4%
of
Total
Investments)
9,345
ABAG
Finance
Authority
for
Nonprofit
Corporations,
California,
Revenue
Bonds,
Sharp
HealthCare,
Series
2014A,
5.000%,
8/01/43
8/23
at
100.00
AA
9,420,040
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2016B:
19,795
5.000%,
11/15/46
11/26
at
100.00
A1
20,193,869
13,110
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2017A,
5.000%,
11/15/48
11/27
at
100.00
A1
13,411,792
5,890
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Series
2018A,
5.000%,
11/15/38
11/27
at
100.00
A1
6,227,909
7,960
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Refunding
Series
2016A,
4.000%,
3/01/39
3/26
at
100.00
A
7,698,275
5,810
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Series
2013A,
4.000%,
3/01/43
3/23
at
100.00
A
5,385,580
15,000
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Cedars-
Sinai
Medical
Center,
Refunding
Series
2016B,
4.000%,
8/15/39
8/26
at
100.00
Aa3
15,064,650
3,900
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Children's
Hospital
Los
Angeles,
Series
2017A,
5.000%,
8/15/47
8/27
at
100.00
BBB+
3,937,362
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
City
of
Hope
National
Medical
Center,
Series
2019:
10,625
4.000%,
11/15/45
11/29
at
100.00
A+
9,685,113
30,630
5.000%,
11/15/49
11/26
at
100.00
A+
31,033,703
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
CommonSpirit
Health,
Series
2020A:
31,810
4.000%,
4/01/44
4/30
at
100.00
A-
29,477,373
10,855
4.000%,
4/01/45
4/30
at
100.00
A-
9,994,633
2,815
4.000%,
4/01/49
4/30
at
100.00
A-
2,538,482
14,395
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hospital
at
Stanford,
Refunding
Series
2022A.
Forward
Delivery,
4.000%,
5/15/51
5/32
at
100.00
AA-
13,759,173
6,105
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hospital,
Series
2014A,
5.000%,
8/15/43
8/24
at
100.00
AA-
6,226,062
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Refunding
Series
2014A:
2,230
5.000%,
10/01/38
10/24
at
100.00
A+
2,268,445
8,375
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Series
2014B,
5.000%,
10/01/44
10/24
at
100.00
A+
8,464,864
16,330
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Saint
Joseph
Health,
Refunding
Series
2016A,
4.000%,
10/01/47
10/26
at
100.00
A+
15,980,865
16,185
California
Municipal
Finance
Authority,
Revenue
Bonds,
Community
Health
System,
Series
2021A,
4.000%,
2/01/51
-
AGM
Insured
2/32
at
100.00
AA
15,473,346
685
California
Municipal
Finance
Authority,
Revenue
Bonds,
Eisenhower
Medical
Center,
Refunding
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
Baa2
697,892
California
Municipal
Finance
Authority,
Revenue
Bonds,
NorthBay
Healthcare
Group,
Series
2017A:
11,520
5.250%,
11/01/41
11/26
at
100.00
BBB-
11,578,982
6,750
5.000%,
11/01/47
11/26
at
100.00
BBB-
6,783,413
3,900
5.250%,
11/01/47
11/26
at
100.00
BBB-
3,915,054
5,330
California
Municipal
Financing
Authority,
Certificates
of
Participation,
Palomar
Health,
Series
2022A,
5.250%,
11/01/52
-
AGM
Insured
11/32
at
100.00
AA
5,631,145
9,820
California
Public
Finance
Authority,
Revenue
Bonds,
Henry
Mayo
Newhall
Hospital,
Series
2017,
5.000%,
10/15/47
10/26
at
100.00
BBB-
9,916,236
3
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Health
Care
(continued)
$
5,760
California
Public
Finance
Authority,
Revenue
Bonds,
Sharp
HealthCare,
Series
2017A,
5.000%,
8/01/47
2/28
at
100.00
AA
$
6,018,278
2,000
California
Statewide
Communities
Development
Authority,
California,
Redlands
Community
Hospital,
Revenue
Bonds,
Series
2016,
5.000%,
10/01/46
10/26
at
100.00
A-
2,022,220
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2014A:
1,000
5.250%,
12/01/34
12/24
at
100.00
BB+
1,020,590
1,200
5.250%,
12/01/44
12/24
at
100.00
BB+
1,208,568
2,375
5.500%,
12/01/54
12/24
at
100.00
BB+
2,388,086
43,280
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2016A,
5.250%,
12/01/56,
144A
6/26
at
100.00
BB+
43,106,014
16,445
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2018A,
5.500%,
12/01/58,
144A
6/28
at
100.00
BB+
16,580,178
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Series
2015A:
2,345
5.000%,
3/01/35
3/26
at
100.00
A
2,413,966
3,000
5.000%,
3/01/45
3/26
at
100.00
A
3,044,670
2,475
California
Statewide
Community
Development
Authority,
Health
Revenue
Bonds,
Enloe
Medical
Center,
Refunding
Series
2022A,
5.250%,
8/15/52
-
AGM
Insured
8/32
at
100.00
AA
2,610,383
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005A:
333
5.750%,
7/01/24
(5),(6)
1/22
at
100.00
N/R
332,922
363
5.750%,
7/01/30
(5),(6)
1/22
at
100.00
N/R
363,204
254
5.750%,
7/01/35
(5),(6)
1/22
at
100.00
N/R
254,259
343
5.500%,
7/01/39
(5),(6)
1/22
at
100.00
N/R
342,797
6,200
Madera
County,
California,
Certificates
of
Participation,
Valley
Children's
Hospital
Project,
Series
1995,
5.750%,
3/15/28
-
NPFG
Insured
1/23
at
100.00
AAA
6,389,224
Palomar
Pomerado
Health
System,
California,
Revenue
Bonds,
Refunding
Series
2016:
6,250
5.000%,
11/01/36
11/26
at
100.00
BBB
6,359,437
4,500
4.000%,
11/01/39
11/26
at
100.00
BBB
4,081,680
720
5.000%,
11/01/39
11/26
at
100.00
BBB
725,242
9,000
University
of
California
Regents,
Medical
Center
Pooled
Revenue
Bonds,
Series
2022P,
5.000%,
5/15/47
5/32
at
100.00
AA-
9,725,760
377,013
Total
Health
Care
373,751,736
Housing/Multifamily
-
16.7%
(10.1%
of
Total
Investments)
22,285
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Creekwood,
Series
2021A,
4.000%,
2/01/56,
144A
8/31
at
100.00
N/R
17,178,392
22,070
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Glendale
Properties,
Junior
Series
2021A-2,
4.000%,
8/01/47,
144A
8/31
at
100.00
N/R
16,241,754
6,250
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Glendale
Properties,
Senior
Series
2021A-1,
4.000%,
2/01/56,
144A
8/31
at
100.00
N/R
5,103,938
23,610
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Serenity
at
Larkspur
Apartments,
Series
2020A,
5.000%,
2/01/50,
144A
2/30
at
100.00
N/R
20,719,900
6,960
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Stoneridge
Apartments,
Series
2021A,
4.000%,
2/01/56,
144A
2/31
at
100.00
N/R
5,153,254
660
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Summit
at
Sausalito
Apartments,
Series
2021A-2,
4.000%,
2/01/50,
144A
8/32
at
100.00
N/R
489,067
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2022
(Unaudited)
4
NAC
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Housing/Multifamily
(continued)
$
1,385
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Verdant
at
Green
Valley
Apartments,
Series
2019A,
5.000%,
8/01/49,
144A
8/29
at
100.00
N/R
$
1,216,750
7,575
California
Community
Housing
Agency,
Workforce
Housing
Revenue
Bonds,
Annadel
Apartments,
Series
2019A,
5.000%,
4/01/49,
144A
4/29
at
100.00
N/R
6,480,261
22,810
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2019-2,
4.000%,
3/20/33
No
Opt.
Call
BBB+
22,152,400
18,865
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2021-1,
3.500%,
11/20/35
No
Opt.
Call
BBB+
17,024,292
3,387
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series2019-1,
4.250%,
1/15/35
No
Opt.
Call
BBB+
3,290,426
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Affordable
Housing
Inc
Projects,
Senior
Series
2014A:
1,680
5.250%,
8/15/39
8/24
at
100.00
A-
1,710,173
2,150
5.250%,
8/15/49
8/24
at
100.00
A-
2,180,551
California
Public
Finance
Authority,
University
Housing
Revenue
Bonds,
National
Campus
Community
Development
-
Claremont
Properties
LLC
Claremont
Colleges
Project,
Series
2017A:
1,325
5.000%,
7/01/37,
144A
7/27
at
100.00
Caa2
1,013,744
1,000
5.000%,
7/01/47,
144A
7/27
at
100.00
Caa2
724,660
23,750
CMFA
Special
Finance
Agency
I,
California,
Essential
Housing
Revenue
Bonds,
The
Mix
at
Center
City,
Series
2021A-2,
4.000%,
4/01/56,
144A
4/31
at
100.00
N/R
17,838,387
8,060
CMFA
Special
Finance
Agency,
California,
Essential
Housing
Revenue
Bonds,
Enclave
Apartments,
Senior
Series
2022A-1,
4.000%,
8/01/58,
144A
2/32
at
100.00
N/R
6,209,505
7,345
CMFA
Special
Finance
Agency,
California,
Essential
Housing
Revenue
Bonds,
Latitude
33,
Senior
Series
2021A-1,
3.000%,
12/01/56,
144A
12/31
at
100.00
N/R
4,771,532
3,265
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
777
Place-Pomona,
Senior
Lien
Series
2021A-1,
3.600%,
5/01/47,
144A
5/32
at
100.00
N/R
2,539,582
11,510
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
777
Place-Pomona,
Senior
Lien
Series
2021A-2,
3.250%,
5/01/57,
144A
5/32
at
100.00
N/R
7,834,282
1,720
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Acacia
on
Santa
Rosa
Creek,
Mezzanine
Lien
Series
2021B,
4.000%,
10/01/46,
144A
10/31
at
100.00
N/R
1,233,481
8,910
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Acacia
on
Santa
Rosa
Creek,
Senior
Lien
Series
2021A,
4.000%,
10/01/56,
144A
10/31
at
100.00
N/R
7,131,742
20,500
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Altana
Glendale,
Series
2021A-2,
4.000%,
10/01/56,
144A
10/31
at
100.00
N/R
15,080,005
23,610
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Center
City
Anaheim,
Series
2020A,
5.000%,
1/01/54,
144A
1/31
at
100.00
N/R
20,538,103
5,245
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Jefferson-Anaheim
Series
2021A-1,
2.875%,
8/01/41,
144A
8/31
at
100.00
N/R
4,316,006
7,030
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Jefferson-Anaheim
Series
2021A-2,
3.125%,
8/01/56,
144A
8/31
at
100.00
N/R
4,671,505
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Millennium
South
Bay-
Hawthorne,
Series
2021A-1
and
A-2:
6,210
3.375%,
7/01/43,
144A
7/32
at
100.00
N/R
4,768,348
8,060
3.250%,
7/01/56,
144A
7/32
at
100.00
N/R
5,170,087
3,590
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Moda
at
Monrovia
Station,
Social
Series
2021A-1,
3.400%,
10/01/46,
144A
10/31
at
100.00
N/R
2,672,827
5
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Housing/Multifamily
(continued)
$
21,695
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Moda
at
Monrovia
Station,
Social
Series
2021A-2,
4.000%,
10/01/56,
144A
10/31
at
100.00
N/R
$
15,913,499
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Monterrey
Station
Apartments,
Senior
Lien
Series
2021A-1:
2,215
3.000%,
7/01/43,
144A
7/32
at
100.00
N/R
1,610,416
9,645
3.125%,
7/01/56,
144A
7/32
at
100.00
N/R
6,238,579
450
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Orange
City
Portfolio,
Mezzanine
Lien
Series
2021B,
4.000%,
3/01/57,
144A
3/32
at
100.00
N/R
305,312
1,095
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Orange
City
Portfolio,
Senior
Lien
Series
2021A-2,
3.000%,
3/01/57,
144A
3/32
at
100.00
N/R
716,645
12,115
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Parallel-Anaheim
Series
2021A,
4.000%,
8/01/56,
144A
8/31
at
100.00
N/R
9,267,612
5,720
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Pasadena
Portfolio
Social
Bond,
Mezzanine
Senior
Series
2021B,
4.000%,
12/01/56,
144A
12/31
at
100.00
N/R
3,987,584
4,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Pasadena
Portfolio
Social
Bond,
Series
2021A-2,
3.000%,
12/01/56
12/31
at
100.00
N/R
2,621,800
590
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Renaissance
at
City
Center,
Series
2020A,
5.000%,
7/01/51,
144A
7/31
at
100.00
N/R
532,817
8,025
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Union
South
Bay,
Series
2021A-2,
4.000%,
7/01/56,
144A
7/31
at
100.00
N/R
6,138,964
2,010
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Waterscape
Apartments,
Mezzanine
Lien
Series
2021B,
4.000%,
9/01/46,
144A
9/31
at
100.00
N/R
1,527,801
5,700
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Westgate
Phase
1-Pasadena
Apartments,
Senior
Lien
Series
2021A-1,
3.000%,
6/01/47,
144A
6/31
at
100.00
N/R
4,140,309
20,760
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Westgate
Phase
1-Pasadena
Apartments,
Senior
Lien
Series
2021A-2,
3.125%,
6/01/57,
144A
6/31
at
100.00
N/R
13,523,064
21,185
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Wood
Creek
Apartments,
Senior
Lien
Series
2021A-1,
3.000%,
12/01/49
6/32
at
100.00
N/R
13,693,348
396,022
Total
Housing/Multifamily
305,672,704
Tax
Obligation/General
-
31.3%
(19.0%
of
Total
Investments)
4,125
Alameda
Unified
School
District,
Alameda
County,
California,
General
Obligation
Bonds,
Series
2004A,
0.000%,
8/01/25
-
AGM
Insured
No
Opt.
Call
AA
3,808,901
4,420
Butte-Glenn
Community
College
District,
Butte
and
Glenn
Counties,
California,
General
Obligation
Bonds,
Election
2016
Series
2017A,
5.250%,
8/01/46
8/27
at
100.00
Aa2
4,724,847
California
State,
General
Obligation
Bonds,
Refunding
Various
Purpose
Series
2016:
4,600
5.000%,
8/01/33
8/26
at
100.00
Aa2
4,961,284
8,000
5.000%,
9/01/37
9/26
at
100.00
Aa2
8,532,640
7,250
California
State,
General
Obligation
Bonds,
Refunding
Various
Purpose
Series
2020,
3.000%,
11/01/35
11/30
at
100.00
Aa2
6,655,645
3,570
California
State,
General
Obligation
Bonds,
Refunding
Various
Purpose
Series
2021.
Forward
Delivery,
5.000%,
9/01/41
9/31
at
100.00
Aa2
3,992,402
California
State,
General
Obligation
Bonds,
Series
2013:
9,210
5.000%,
2/01/29
2/23
at
100.00
N/R
9,249,787
50
5.000%,
2/01/29
2/23
at
100.00
AA-
50,208
California
State,
General
Obligation
Bonds,
Series
2014:
9,320
5.000%,
12/01/43
12/23
at
100.00
AA-
9,475,271
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2022
(Unaudited)
6
NAC
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
(continued)
California
State,
General
Obligation
Bonds,
Various
Purpose
Refunding
Series
2015:
$
6,700
5.000%,
8/01/32
2/25
at
100.00
Aa2
$
7,022,672
11,000
5.000%,
8/01/34
8/25
at
100.00
Aa2
11,602,690
5,000
California
State,
General
Obligation
Bonds,
Various
Purpose
Refunding
Series
2016,
5.000%,
9/01/36
9/26
at
100.00
Aa2
5,343,100
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2013:
9,940
5.000%,
4/01/37
4/23
at
100.00
Aa2
9,995,962
16,960
5.000%,
4/01/43
4/23
at
100.00
Aa2
17,053,789
7,240
5.000%,
11/01/43
11/23
at
100.00
Aa2
7,350,265
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2014:
24,970
5.000%,
5/01/32
5/24
at
100.00
Aa2
25,769,789
8,910
5.000%,
10/01/39
10/24
at
100.00
Aa2
9,247,065
7,780
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2017,
5.000%,
11/01/47
11/27
at
100.00
Aa2
8,274,108
13,860
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2018,
5.000%,
10/01/47
4/26
at
100.00
Aa2
14,490,491
5,000
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2019,
5.000%,
4/01/49
4/29
at
100.00
Aa2
5,372,250
1,770
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2020,
4.000%,
11/01/45
11/25
at
100.00
Aa2
1,775,823
3,480
Centinela
Valley
Union
High
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Series
2002A,
5.250%,
2/01/26
-
NPFG
Insured
No
Opt.
Call
A+
3,620,140
5,400
Central
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
2016
Election
Series
2018B.,
4.000%,
8/01/48
8/26
at
100.00
Aa3
5,246,640
7,860
Corona-Norco
Unified
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
Election
2014,
Series
2019C,
3.000%,
8/01/44
-
BAM
Insured
8/28
at
100.00
AA
6,286,585
5,000
Elk
Grove
Unified
School
District,
Sacramento
County,
California,
General
Obligation
Bonds,
Election
of
2016,
Series
2017,
4.000%,
8/01/46
8/26
at
100.00
AAA
4,909,800
12,500
Glendale
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Taxable
Refunding
Series
2020B,
4.000%,
8/01/50
8/29
at
100.00
Aa2
12,352,875
18,500
Grossmont
Healthcare
District,
California,
General
Obligation
Bonds,
Refunding
Series
2015D,
4.000%,
7/15/40
7/25
at
100.00
Aa2
18,318,330
5,150
Hacienda
La
Puente
Unified
School
District
Facilities
Financing
Authority,
California,
General
Obligation
Revenue
Bonds,
Program
Series
2007,
5.000%,
8/01/26
-
AGM
Insured
No
Opt.
Call
AA
5,570,858
3,000
Hacienda
La
Puente
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
2016
Election,
Series
2017A,
4.000%,
8/01/47
8/27
at
100.00
AAA
2,952,360
5,585
Lake
Elsinore
Unified
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
2016
Election
Series
B,
4.000%,
8/01/49
-
BAM
Insured
8/27
at
100.00
AA
5,374,781
5,630
Lake
Tahoe
Unified
School
District,
El
Dorado
County,
California,
General
Obligation
Bonds,
Series
2010,
6.375%,
8/01/45
-
AGM
Insured
No
Opt.
Call
AA
4,326,824
4,140
Los
Angeles
Community
College
District,
California,
General
Obligation
Bonds,
2008
Election
Series
2017J,
4.000%,
8/01/41
8/27
at
100.00
Aaa
4,162,108
1,285
Los
Angeles
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Measure
Q
Series
2020C,
4.000%,
7/01/40
7/30
at
100.00
AAA
1,298,043
3,100
Manteca
Unified
School
District,
San
Joaquin
County,
California,
General
Obligation
Bonds,
Election
2014
Series
2017B,
4.000%,
8/01/42
8/27
at
100.00
Aa2
3,094,544
Marin
Healthcare
District,
Marin
County,
California,
General
Obligation
Bonds,
2013
Election,
Series
2015A:
10,000
4.000%,
8/01/40
8/25
at
100.00
Aa2
10,038,900
7,500
4.000%,
8/01/45
8/25
at
100.00
Aa2
7,432,200
4,100
Monrovia
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Series
2001B,
0.000%,
8/01/27
-
FGIC
Insured
No
Opt.
Call
Aa3
3,565,196
6,950
Morgan
Hill
Unified
School
District,
Santa
Clara
County,
California,
General
Obligation
Bonds,
Election
2012
Series
2017B,
4.000%,
8/01/47
8/27
at
100.00
Aa1
6,833,657
7
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
(continued)
$
10,765
North
Orange
County
Community
College
District,
California,
General
Obligation
Bonds,
Election
of
2002
Series
2003B,
0.000%,
8/01/27
-
FGIC
Insured
No
Opt.
Call
AA+
$
9,249,719
1,815
Orland
Joint
Unified
School
District,
Glenn
and
Tehama
Counties,
California,
General
Obligation
Bonds,
2008
Election,
Series
2012B,
6.000%,
8/01/51
8/37
at
100.00
AA
1,315,984
Pajaro
Valley
Unified
School
District,
Santa
Cruz
County,
California,
General
Obligation
Bonds,
Refunding
Election
2012
Series
2013A:
9,650
4.250%,
8/01/47
8/23
at
100.00
Aa3
9,654,922
10,330
Palomar
Pomerado
Health,
California,
General
Obligation
Bonds,
Convertible
Capital
Appreciation,
Election
2004
Series
2010A,
0.000%,
8/01/35
No
Opt.
Call
A1
5,855,767
5,000
Paramount
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2006
Series
2011,
0.000%,
8/01/45
(7)
2/33
at
100.00
Aa3
5,946,000
2,500
Pleasant
Valley
School
District,
Ventura
County,
California,
General
Obligation
Bonds,
Refunding
Series
B,
4.000%,
8/01/46
8/29
at
100.00
Aa2
2,477,300
Puerto
Rico,
General
Obligation
Bonds,
Restructured
Series
2022A-1:
7,495
4.000%,
7/01/37
7/31
at
103.00
N/R
6,264,096
23,736
4.000%,
7/01/41
7/31
at
103.00
N/R
19,077,098
5,281
4.000%,
7/01/46
7/31
at
103.00
N/R
4,078,728
28,000
San
Bernardino
Community
College
District,
California,
General
Obligation
Bonds,
Election
of
2008
Series
2009B,
0.000%,
8/01/44
No
Opt.
Call
Aa1
10,414,040
7,500
San
Francisco
Bay
Area
Rapid
Transit
District,
California,
General
Obligation
Bonds,
Election
of
2016,
Green
Series
2022D-1,
4.250%,
8/01/52
2/32
at
100.00
Aaa
7,570,275
9,760
San
Francisco
Community
College
District,
California,
General
Obligation
Bonds,
Election
2020
Series
2020A,
4.000%,
6/15/45
6/30
at
100.00
A1
9,292,398
21,000
San
Marcos
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
2010
Election,
Series
2012B,
0.000%,
8/01/51
No
Opt.
Call
AA-
5,751,480
1,220
San
Mateo
Union
High
School
District,
San
Mateo
County,
California,
General
Obligation
Bonds,
Election
2010
Series
2011A,
7.000%,
7/01/51
9/41
at
100.00
Aaa
864,333
4,970
San
Rafael
City
High
School
District,
Marin
County,
California,
General
Obligation
Bonds,
Series
2004B,
0.000%,
8/01/27
-
FGIC
Insured
No
Opt.
Call
AA+
4,260,632
1,540
Santa
Maria
Joint
Union
High
School
District,
Santa
Barbara
and
San
Luis
Obispo
Counties,
California,
General
Obligation
Bonds,
Series
2003B,
5.625%,
8/01/24
-
AGM
Insured
No
Opt.
Call
Aa2
1,595,440
4,175
Southwestern
Community
College
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Election
of
2000,
Series
2004,
0.000%,
8/01/25
-
FGIC
Insured
No
Opt.
Call
Aa2
3,860,121
5,530
Stockton
Unified
School
District,
San
Joaquin
County,
California,
General
Obligation
Bonds,
Election
2008
Series
2011D,
0.000%,
8/01/50
-
AGM
Insured
(7)
8/37
at
100.00
AA
5,846,039
26,000
Sylvan
Union
School
District,
Stanislaus
County,
California,
General
Obligation
Bonds,
Election
of
2006,
Series
2010,
0.000%,
8/01/49
-
AGM
Insured
(7)
No
Opt.
Call
AA
21,536,840
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2004
Election
Series
2013B:
4,740
5.500%,
8/01/38
8/24
at
100.00
A1
4,906,421
4,830
5.500%,
8/01/40
8/24
at
100.00
A1
4,987,700
20,510
5.000%,
8/01/43
8/24
at
100.00
A1
20,703,204
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2012
Election
Series
2013A:
4,355
5.500%,
8/01/38
8/24
at
100.00
A1
4,504,333
3,500
5.500%,
8/01/40
8/24
at
100.00
A1
3,614,275
8,410
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2012
Election
Series
2015B,
4.000%,
8/01/45
8/25
at
100.00
A1
7,793,631
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2022
(Unaudited)
8
NAC
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
(continued)
$
2,015
Wiseburn
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Series
2012C,
5.000%,
8/01/26
12/22
at
100.00
Aa2
$
2,017,620
140,160
Yosemite
Community
College
District,
California,
General
Obligation
Bonds,
Capital
Appreciation,
Election
2004,
Series
2010D,
0.000%,
8/01/42
(7)
No
Opt.
Call
Aa2
107,917,594
653,642
Total
Tax
Obligation/General
571,488,820
Tax
Obligation/Limited
-
19.5%
(11.8%
of
Total
Investments)
1,675
Beaumont
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Improvement
Area
19A,
Series
2015B,
5.000%,
9/01/35
9/25
at
100.00
N/R
1,718,550
1,655
Bell
Community
Housing
Authority,
California,
Lease
Revenue
Bonds,
Series
2005,
5.000%,
10/01/36
-
AMBAC
Insured
1/23
at
100.00
N/R
1,661,306
745
Bell
Community
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Bell
Project
Area,
Series
2003,
5.500%,
10/01/23
-
RAAI
Insured
1/23
at
100.00
AA
747,123
1,200
California
Infrastructure
and
Economic
Development
Bank,
Lease
Revenue
Bonds,
California
State
Teachers
Retirement
System
Headquarters
Expansion,
Green
Bond-Climate
Bond
Certified
Series
2019,
5.000%,
8/01/44
8/29
at
100.00
AA
1,281,096
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Department
of
Corrections
&
Rehabilitation,
Series
2013G:
10,690
5.250%,
9/01/30
9/23
at
100.00
Aa3
10,897,493
18,135
5.250%,
9/01/32
9/23
at
100.00
Aa3
18,483,011
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Department
of
Corrections
&
Rehabilitation,
Various
Correctional
Facilities
Series
2013F:
8,685
5.250%,
9/01/31
9/23
at
100.00
Aa3
8,852,273
1,450
5.250%,
9/01/33
9/23
at
100.00
Aa3
1,477,608
10,525
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Department
of
Corrections
&
Rehabilitation,
Various
Correctional
Facilities
Series
2014A,
5.000%,
9/01/39
9/24
at
100.00
Aa3
10,873,272
17,395
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Judicial
Council
of
California,
New
Stockton
Courthouse,
Series
2014B,
5.000%,
10/01/39
10/24
at
100.00
Aa3
17,996,345
1,000
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Judicial
Council
of
California,
Various
Projects
Series
2013A,
5.000%,
3/01/30
3/23
at
100.00
Aa3
1,005,920
1,000
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Judicial
Council
of
California,
Yuba
City
Courthouse,
Series
2013D,
5.000%,
6/01/32
6/23
at
100.00
Aa3
1,011,800
9,950
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Various
Capital
Projects,
Series
2013I,
5.000%,
11/01/38
11/23
at
100.00
Aa3
10,140,343
13,520
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Various
Capital
Projects,
Series
2014E,
5.000%,
9/01/39
9/24
at
100.00
Aa3
13,967,377
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D:
9,000
5.000%,
11/15/29
11/25
at
100.00
BB
9,205,020
11,000
5.000%,
11/15/39
11/25
at
100.00
BB
11,049,830
190
Inglewood
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merged
Redevelopment
Project,
Refunding
Series
1998A,
5.250%,
5/01/23
-
AMBAC
Insured
No
Opt.
Call
N/R
191,577
Jurupa
Public
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2014A:
530
5.000%,
9/01/29
9/24
at
100.00
A+
549,647
1,900
5.000%,
9/01/30
9/24
at
100.00
A+
1,967,792
1,220
5.000%,
9/01/31
9/24
at
100.00
A+
1,261,626
1,955
Jurupa
Public
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2015A,
5.000%,
9/01/43
9/25
at
100.00
A+
2,046,592
810
Lake
Elsinore
Public
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Refunding
Series
2015,
5.000%,
9/01/40
9/25
at
100.00
N/R
823,219
1,000
Lathrop,
California,
Limited
Obligation
Improvement
Bonds,
Crossroads
Assessment
District,
Series
2015,
5.000%,
9/02/40
9/25
at
100.00
N/R
1,016,340
9
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Measure
R
Sales
Tax
Revenue
Bonds,
Senior
Series
2016A:
$
5,125
5.000%,
6/01/36
6/26
at
100.00
AAA
$
5,469,298
5,620
5.000%,
6/01/37
6/26
at
100.00
AAA
5,984,232
10,455
5.000%,
6/01/38
6/26
at
100.00
AAA
11,115,547
20,735
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Proposition
C
Sales
Tax
Revenue
Bonds,
Green
Senior
Lien
Series
2019A,
5.000%,
7/01/44
7/28
at
100.00
AAA
22,277,062
3,995
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Proposition
C
Sales
Tax
Revenue
Bonds,
Senior
Lien
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
AAA
4,267,539
8,945
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Proposition
C
Sales
Tax
Revenue
Bonds,
Senior
Lien
Series
2021A,
5.000%,
7/01/42
7/31
at
100.00
AAA
9,953,370
2,000
Los
Angeles
County
Public
Works
Financing
Authority,
California,
Lease
Revenue
Bonds,
Series
2019E-1,
5.000%,
12/01/49
12/29
at
100.00
AA+
2,155,100
1,835
Modesto,
California,
Speical
Tax
Bonds,
Community
Faclities
District
2004-
1
Village
One
2,
Refunding
Series
2014,
5.000%,
9/01/31
9/24
at
100.00
BBB+
1,887,609
1,000
Norco
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Project
Area
1,
Series
2009,
7.000%,
3/01/34
1/23
at
100.00
A+
1,003,330
11,095
Ontario
Redevelopment
Financing
Authority,
San
Bernardino
County,
California,
Revenue
Bonds,
Redevelopment
Project
1,
Refunding
Series
1995,
7.400%,
8/01/25
-
NPFG
Insured
No
Opt.
Call
AAA
11,661,067
6,055
Orange
County
Local
Transportation
Authority,
California,
Measure
M2
Sales
Tax
Revenue
Bonds,
Limited
Tax
Series
2019,
5.000%,
2/15/41
2/29
at
100.00
AA+
6,563,257
Patterson
Public
Finance
Authority,
California,
Revenue
Bonds,
Community
Facilities
District
2001-1,
Senior
Series
2013A:
11,240
5.250%,
9/01/30
9/23
at
100.00
N/R
11,367,462
10,075
5.750%,
9/01/39
9/23
at
100.00
N/R
10,188,444
1,545
Patterson
Public
Finance
Authority,
California,
Revenue
Bonds,
Community
Facilities
District
2001-1,
Subordinate
Lien
Series
2013B,
5.875%,
9/01/39
9/23
at
100.00
N/R
1,563,803
8,750
Pittsburg
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Los
Medanos
Community
Development
Project,
Series
1999,
0.000%,
8/01/23
-
AMBAC
Insured
No
Opt.
Call
AA
8,577,275
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
14,741
0.000%,
7/01/51
7/28
at
30.01
N/R
2,773,667
58,772
5.000%,
7/01/58
7/28
at
100.00
N/R
55,763,461
43
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2,
4.536%,
7/01/53
7/28
at
100.00
N/R
37,517
3,500
Rancho
Cucamonga
Redevelopment
Agency
Successor
Agency,
California,
Tax
Allocation
Bonds,
Rancho
Redevelopment
Project,
Series
2014,
5.000%,
9/01/30
9/24
at
100.00
AA+
3,627,260
815
River
Islands
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2003-1
Improvement
Area
1,
Refunding
Series
2022A-1,
4.250%,
9/01/47
-
AGM
Insured
9/29
at
103.00
AA
778,358
5,000
Riverside
County
Transportation
Commission,
California,
Sales
Tax
Revenue
Bonds,
Refunding
Limited
Tax
Series
2017B,
5.000%,
6/01/38
12/27
at
100.00
AA+
5,405,300
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
04-2
Lake
Hill
Crest,
Series
2012:
990
5.000%,
9/01/29
3/23
at
100.00
N/R
993,604
2,615
5.000%,
9/01/35
3/23
at
100.00
N/R
2,621,145
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
05-8
Scott
Road,
Series
2013:
555
5.000%,
9/01/30
1/23
at
100.00
N/R
555,549
710
5.000%,
9/01/42
1/23
at
100.00
N/R
710,277
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Westpark,
Refunding
Series
2015:
385
5.000%,
9/01/31
9/25
at
100.00
N/R
397,990
575
5.000%,
9/01/37
9/25
at
100.00
N/R
588,535
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2022
(Unaudited)
10
NAC
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
4,250
Sacramento
City
Financing
Authority,
California,
Tax
Allocation
Revenue
Bonds,
Merged
Downtown
Sacramento
and
Oak
Park
Projects,
Series
2005A,
0.000%,
12/01/31
-
FGIC
Insured
No
Opt.
Call
A
$
3,065,057
San
Buenaventura
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merged
Project
Areas,
Series
2008:
1,000
7.750%,
8/01/28
1/23
at
100.00
A
1,003,920
1,325
8.000%,
8/01/38
1/23
at
100.00
A
1,330,406
615
San
Clemente,
California,
Special
Tax
Revenue
Bonds,
Community
Facilities
District
2006-1
Marblehead
Coastal,
Series
2015,
5.000%,
9/01/40
9/25
at
100.00
N/R
625,037
255
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Special
Tax
Bonds,
Community
Facilities
District 6
Mission
Bay
South
Public
Improvements,
Refunding
Series
2013A,
5.000%,
8/01/33
1/23
at
100.00
N/R
255,222
1,805
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Special
Tax
Bonds,
Community
Facilities
District
7,
Hunters
Point
Shipyard
Phase
One
Improvements,
Refunding
Series
2014,
5.000%,
8/01/39
8/24
at
100.00
N/R
1,826,624
5,000
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Tax
Allocation
Bonds,
Mission
Bay
North
Redevelopment
Project,
Refunding
Series
2016A,
5.000%,
8/01/41
-
NPFG
Insured
8/26
at
100.00
A
5,175,000
1,060
Signal
Hill
Redevelopment
Agency,
California,
Project
1
Tax
Allocation
Bonds,
Series
2011,
7.000%,
10/01/26
1/23
at
100.00
N/R
1,063,042
2,500
Stockton
Public
Financing
Authority,
California,
Revenue
Bonds,
Arch
Road
East
Community
Facility
District
99-02,
Series
2018A,
5.000%,
9/01/37
9/25
at
103.00
N/R
2,609,750
Temecula
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
16-01,
Series
2017:
1,145
5.500%,
9/01/27,
144A
No
Opt.
Call
N/R
1,185,842
1,435
5.750%,
9/01/32,
144A
9/27
at
100.00
N/R
1,530,026
5,520
6.250%,
9/01/47,
144A
9/27
at
100.00
N/R
5,720,983
1,350
Temecula
Valley
Unified
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2002-1
Improvement
Area
1,
Series
2012,
5.000%,
9/01/33
1/23
at
100.00
N/R
1,351,188
Transbay
Joint
Powers
Authority,
California,
Tax
Allocation
Bonds,
Senior
Green
Series
2020A:
2,125
5.000%,
10/01/45
4/30
at
100.00
A-
2,191,980
5,085
5.000%,
10/01/49
4/30
at
100.00
A-
5,171,903
1,565
Tustin,
California,
Special
Tax
Bonds,
Community
Facilities
District
06-1
Tustin
Legacy/Columbus
Villages,
Refunding
Series
2015A,
5.000%,
9/01/32
9/25
at
100.00
A-
1,632,780
1,620
Virgin
Islands
Public
Finance
Authority,
Gross
Receipts
Taxes
Loan
Note,
Refunding
Series
2012A,
5.000%,
10/01/32
-
AGM
Insured
1/23
at
100.00
AA
1,620,842
1,280
William
S
Hart
School
Financing
Authority,
California,
Refunding
Revenue
Bonds,
Series
2013,
5.000%,
9/01/34
9/23
at
100.00
A
1,302,310
361,336
Total
Tax
Obligation/Limited
355,174,130
Transportation
-
22.2%
(13.4%
of
Total
Investments)
10,000
Bay
Area
Toll
Authority,
California,
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Subordinate
Fixed
Rate
Series
2017S-7,
4.000%,
4/01/37
4/27
at
100.00
AA-
10,210,600
5,295
California
Municipal
Finance
Authority,
Special
Facility
Revenue
Bonds,
United
Airlines,
Inc.
Los
Angeles
International
Airport
Project,
Series
2019,
4.000%,
7/15/29,
(AMT)
No
Opt.
Call
B+
5,139,274
1,200
Long
Beach,
California,
Harbor
Revenue
Bonds,
Series
2015D,
5.000%,
5/15/42
5/25
at
100.00
AA
1,241,664
Long
Beach,
California,
Harbor
Revenue
Bonds,
Series
2019A:
4,340
5.000%,
5/15/44
5/29
at
100.00
Aa2
4,692,191
7,500
5.000%,
5/15/49
5/29
at
100.00
Aa2
8,037,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
&
Subordinate
Series
2022C:
3,730
4.000%,
5/15/41,
(AMT)
5/32
at
100.00
AA-
3,546,074
4,000
3.250%,
5/15/49,
(AMT)
5/32
at
100.00
AA-
3,070,760
11
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Transportation
(continued)
$
13,625
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
Subordinate
Lien
Series
2021A.
Private
Activity,
5.000%,
5/15/51,
(AMT)
5/31
at
100.00
AA-
$
14,041,653
3,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
Subordinate
Lien
Series
2021B,
5.000%,
5/15/45
5/31
at
100.00
AA-
3,269,520
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Lien
Series
2015D:
2,600
5.000%,
5/15/31,
(AMT)
5/25
at
100.00
AA
2,689,492
2,000
5.000%,
5/15/36,
(AMT)
5/25
at
100.00
AA
2,048,540
24,920
5.000%,
5/15/41,
(AMT)
5/25
at
100.00
AA
25,337,161
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Series
2022H:
4,850
5.000%,
5/15/42,
(AMT)
11/31
at
100.00
AA
5,100,212
5,080
5.000%,
5/15/52,
(AMT)
11/31
at
100.00
AA
5,244,338
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2016B:
1,000
5.000%,
5/15/34,
(AMT)
5/26
at
100.00
AA-
1,038,300
24,405
5.000%,
5/15/46,
(AMT)
5/26
at
100.00
AA-
24,807,683
3,310
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2018C,
5.000%,
5/15/44,
(AMT)
11/27
at
100.00
AA-
3,394,471
5,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2018D,
5.000%,
5/15/48,
(AMT)
5/29
at
100.00
AA-
5,134,000
5,485
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2019E,
5.000%,
5/15/44
11/28
at
100.00
AA-
5,856,718
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2021D:
1,000
5.000%,
5/15/37,
(AMT)
11/31
at
100.00
AA-
1,068,190
22,300
5.000%,
5/15/46,
(AMT)
11/31
at
100.00
AA-
23,150,299
4,160
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2022A,
5.000%,
5/15/45,
(AMT)
5/32
at
100.00
AA-
4,335,011
5,000
Los
Angeles
Harbors
Department,
California,
Revenue
Bonds,
Refunding
Series
2014B,
5.000%,
8/01/44
8/24
at
100.00
AA+
5,119,950
Los
Angeles
Harbors
Department,
California,
Revenue
Bonds,
Series
2014C:
1,865
5.000%,
8/01/36
8/24
at
100.00
AA+
1,923,710
6,610
5.000%,
8/01/44
8/24
at
100.00
AA+
6,768,574
4,780
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Second
Lien
Bonds,
RCTC
91
Express
Lanes,
Refunding
Series
2021C,
4.000%,
6/01/47
6/31
at
100.00
A-
4,359,790
7,750
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Senior
Lien
Bonds,
RCTC
91
Express
Lanes,
Refunding
Series
2021B-1,
4.000%,
6/01/46
6/31
at
100.00
A
7,172,470
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Refunding
Subordinate
Series
2019A:
3,600
5.000%,
7/01/34
7/29
at
100.00
A+
3,977,424
1,250
5.000%,
7/01/36
7/29
at
100.00
A+
1,361,775
6,000
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Subordinate
Series
2021A,
4.000%,
7/01/51
7/31
at
100.00
A+
5,649,240
25,270
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Governmental
Purpose
Second
Series
2017B,
5.000%,
5/01/47
5/27
at
100.00
A+
25,975,033
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2022
(Unaudited)
12
NAC
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Transportation
(continued)
$
9,000
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Governmental
Purpose
Series
2016C,
5.000%,
5/01/46
5/26
at
100.00
A+
$
9,218,340
22,835
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2016B,
5.000%,
5/01/46,
(AMT)
5/26
at
100.00
A+
23,128,201
10,910
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2017A,
5.000%,
5/01/42,
(AMT)
5/27
at
100.00
A+
11,169,876
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2018D:
23,845
5.000%,
5/01/43,
(AMT)
5/28
at
100.00
A+
24,430,872
18,100
5.000%,
5/01/48,
(AMT)
5/28
at
100.00
A+
18,420,189
10,500
5.250%,
5/01/48,
(AMT)
5/28
at
100.00
A+
10,815,210
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019A:
3,040
5.000%,
5/01/38,
(AMT)
5/29
at
100.00
A+
3,178,806
2,000
5.000%,
5/01/44,
(AMT)
5/29
at
100.00
A+
2,052,860
42,645
5.000%,
5/01/49,
(AMT)
5/29
at
100.00
A+
43,485,533
4,900
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019E,
5.000%,
5/01/40,
(AMT)
5/29
at
100.00
A+
5,081,888
7,510
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019F,
5.000%,
5/01/50
5/29
at
100.00
A+
7,782,613
16,936
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Refunding
Senior
Lien
Toll
Road
Revenue
Bonds,
Series
2021A,
4.000%,
1/15/50
1/32
at
100.00
A
15,261,199
6,250
San
Jose,
California,
Airport
Revenue
Bonds,
Refunding
Series
2017A,
5.000%,
3/01/47,
(AMT)
3/27
at
100.00
A
6,321,375
399,396
Total
Transportation
405,108,079
U.S.
Guaranteed
-
24.0%
(14.5%
of
Total
Investments)
(8)
18,400
Antelope
Valley
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2017A,
5.250%,
8/01/42,
(Pre-refunded
2/15/27)
2/27
at
100.00
AA
20,339,912
5,705
Bay
Area
Toll
Authority,
California,
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Series
2013S-4,
5.250%,
4/01/48,
(Pre-refunded
4/01/23)
4/23
at
100.00
A1
5,760,567
9,500
Bay
Area
Toll
Authority,
California,
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Subordinate
Series
2019S-H,
5.000%,
4/01/49,
(Pre-
refunded
4/01/29)
4/29
at
100.00
AA-
10,850,710
Bay
Area
Water
Supply
and
Conservation
Agency,
California,
Revenue
Bonds,
Capital
Cost
Recovery
Prepayment
Program,
Series
2013A:
2,000
5.000%,
10/01/27,
(Pre-refunded
4/01/23)
4/23
at
100.00
AA-
2,016,300
7,000
5.000%,
10/01/34,
(Pre-refunded
4/01/23)
4/23
at
100.00
AA-
7,057,050
1,285
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2015A,
5.000%,
8/15/43,
(Pre-refunded
8/15/25)
8/25
at
100.00
A1
1,365,801
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2016B:
12,880
5.000%,
11/15/46,
(Pre-refunded
11/15/26)
11/26
at
100.00
N/R
14,048,345
16,250
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Series
2016A,
5.000%,
11/15/46,
(Pre-refunded
11/15/25)
11/25
at
100.00
A1
17,384,087
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Refunding
Series
2014A:
1,700
5.000%,
10/01/38,
(Pre-refunded
10/01/24)
10/24
at
100.00
N/R
1,778,268
5,360
California
Infrastructure
and
Economic
Development
Bank,
First
Lien
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Series
2003A,
5.000%,
7/01/23
-
AGM
Insured,
(ETM)
10/21
at
100.00
AA+
5,441,526
13
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
U.S.
Guaranteed
(8)
(continued)
$
21,255
California
Infrastructure
and
Economic
Development
Bank,
Infrastructure
State
Revolving
Fund
Revenue
Bonds,
Series
2016A,
5.000%,
10/01/41,
(Pre-refunded
10/01/26)
10/26
at
100.00
AAA
$
23,127,778
1,000
California
Municipal
Finance
Authority,
Revenue
Bonds,
Biola
University,
Series
2013,
5.000%,
10/01/38,
(Pre-refunded
10/01/23)
10/23
at
100.00
Baa1
1,019,210
18,250
California
Municipal
Finance
Authority,
Revenue
Bonds,
Pomona
College,
Series
2017,
5.000%,
1/01/48,
(Pre-refunded
1/01/28)
1/28
at
100.00
Aaa
20,327,762
1,710
California
State,
General
Obligation
Bonds,
Refunding
Various
Purpose
Series
2013,
5.000%,
2/01/31,
(Pre-refunded
2/01/23)
2/23
at
100.00
Aa2
1,717,387
California
State,
General
Obligation
Bonds,
Series
2014:
925
5.000%,
12/01/43,
(Pre-refunded
12/01/23)
12/23
at
100.00
N/R
947,561
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2013:
9,755
5.000%,
2/01/43,
(Pre-refunded
2/01/23)
2/23
at
100.00
Aa2
9,797,141
5,500
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Buck
Institute
for
Research
on
Aging,
Series
2014,
5.000%,
11/15/44,
(Pre-refunded
11/15/24)
-
AGM
Insured
11/24
at
100.00
AA
5,755,530
2,670
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Huntington
Memorial
Hospital,
Refunding
Series
2014B,
5.000%,
7/01/44,
(Pre-refunded
7/01/24)
7/24
at
100.00
AA-
2,773,543
7,500
Desert
Community
College
District,
Riverside
County,
California,
General
Obligation
Bonds,
Refunding
Series
2016,
5.000%,
8/01/37,
(Pre-
refunded
2/01/26)
2/26
at
100.00
AA
8,055,225
20,725
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Junior
Lien
Series
2013C,
6.500%,
1/15/43,
(Pre-refunded
1/15/24)
1/24
at
100.00
A-
21,624,258
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Series
2013A:
45,735
5.750%,
1/15/46,
(Pre-refunded
1/15/24)
1/24
at
100.00
A
47,384,204
45,725
6.000%,
1/15/53,
(Pre-refunded
1/15/24)
1/24
at
100.00
A
47,484,041
Golden
State
Tobacco
Securitization
Corporation,
California,
Enhanced
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Refunding
Series
2015A:
1,790
5.000%,
6/01/40,
(Pre-refunded
6/01/25)
6/25
at
100.00
N/R
1,900,765
1,460
5.000%,
6/01/40,
(Pre-refunded
6/01/25)
6/25
at
100.00
A+
1,550,345
86,320
5.000%,
6/01/45,
(Pre-refunded
6/01/25)
6/25
at
100.00
Aa3
91,661,482
1,000
Golden
State
Tobacco
Securitization
Corporation,
California,
Enhanced
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Series
2013A,
5.000%,
6/01/30,
(Pre-refunded
6/01/23)
6/23
at
100.00
Aa3
1,012,950
4,000
Hesperia
Unified
School
District,
San
Bernardino
County,
California,
Certificates
of
Participation,
Series
2013A,
5.000%,
2/01/38,
(Pre-
refunded
2/01/23)
-
BAM
Insured
2/23
at
100.00
AA
4,016,600
5,840
Orange
County
Water
District,
California,
Revenue
Certificates
of
Participation,
Series
1999A,
5.375%,
8/15/29,
(ETM)
No
Opt.
Call
N/R
6,563,810
905
Orange
County
Water
District,
California,
Revenue
Certificates
of
Participation,
Series
2003B,
5.000%,
8/15/34,
(Pre-refunded
8/15/32)
-
NPFG
Insured
8/32
at
100.00
N/R
1,071,257
2,370
Oxnard
School
District,
Ventura
County,
California,
General
Obligation
Bonds,
Election
2012
Series
2013B,
5.000%,
8/01/43,
(Pre-refunded
8/01/23)
-
AGM
Insured
8/23
at
100.00
AA
2,410,171
Pajaro
Valley
Unified
School
District,
Santa
Cruz
County,
California,
General
Obligation
Bonds,
Refunding
Election
2012
Series
2013A:
9,385
5.000%,
8/01/43,
(Pre-refunded
8/01/23)
8/23
at
100.00
Aa3
9,544,076
465
Pomona,
California,
GNMA/FHLMC
Collateralized
Single
Family
Mortgage
Revenue
Refunding
Bonds,
Series
1990B,
7.500%,
8/01/23,
(ETM)
No
Opt.
Call
AA+
474,235
2,000
Puerto
Rico
Public
Finance
Corporation,
Commonwealth
Appropriation
Bonds,
Series
2002E,
6.000%,
8/01/26,
(ETM)
No
Opt.
Call
N/R
2,208,520
1,000
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Senior
Lien
Bonds,
Series
2013A,
5.750%,
6/01/44,
(Pre-refunded
6/01/23)
6/23
at
100.00
A
1,016,630
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2022
(Unaudited)
14
NAC
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
U.S.
Guaranteed
(8)
(continued)
$
1,460
Rohnert
Park
Community
Development
Commission,
California,
Tax
Allocation
Bonds,
Redevelopment
Project
Series
2007R,
5.000%,
8/01/37
-
FGIC
Insured,
(ETM)
1/23
at
100.00
Baa2
$
1,530,664
5,825
Sacramento,
California,
Wastewater
Revenue
Bonds,
Series
2013,
5.000%,
9/01/42,
(Pre-refunded
9/01/23)
9/23
at
100.00
AA
5,935,267
4,250
San
Diego
Community
College
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Refunding
Series
2016,
5.000%,
8/01/41,
(Pre-refunded
8/01/26)
8/26
at
100.00
AAA
4,620,600
9,550
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Senior
Series
2013B,
5.000%,
7/01/43,
(Pre-refunded
7/01/23),
(AMT)
7/23
at
100.00
A1
9,681,885
5,000
San
Diego
County
Regional
Transportation
Commission,
California,
Sales
Tax
Revenue
Bonds,
Series
2014A,
5.000%,
4/01/44,
(Pre-refunded
4/01/24)
4/24
at
100.00
AAA
5,164,300
1,600
Silicon
Valley
Clean
Water,
Mateo
County,
California,
Wastewater
Revenue
Bonds,
Series
2015,
5.000%,
8/01/45,
(Pre-refunded
8/01/25)
8/25
at
100.00
Aa2
1,705,600
8,760
University
of
California
Regents,
Medical
Center
Pooled
Revenue
Bonds,
Series
2013J,
5.250%,
5/15/31,
(Pre-refunded
5/15/23)
5/23
at
100.00
AA-
8,873,442
413,810
Total
U.S.
Guaranteed
436,998,805
Utilities
-
24.4%
(14.8%
of
Total
Investments)
Bay
Area
Water
Supply
and
Conservation
Agency,
California,
Revenue
Bonds,
Capital
Cost
Recovery
Prepayment
Program,
Series
2013A:
6,010
5.000%,
10/01/29
4/23
at
100.00
AA-
6,058,981
10,000
California
Community
Choice
Financing
Authority,
Clean
Energy
Project
Revenue
Bonds,
Green
Series
2021B-1,
4.000%,
2/01/52,
(Mandatory
Put
8/01/31)
5/31
at
100.63
A1
9,873,000
5,000
California
Infrastructure
and
Economic
Development
Bank.
Clean
Water
State
Revolving
Fund
Revenue
Bonds,
Green
Series
2018,
5.000%,
10/01/48
4/28
at
100.00
AAA
5,370,150
California
Pollution
Control
Financing
Authority,
Water
Furnishing
Revenue
Bonds,
Poseidon
Resources
Channelside
LP
Desalination
Project,
Series
2012:
3,925
5.000%,
7/01/37,
(AMT),
144A
7/23
at
100.00
BBB
3,849,208
65,500
5.000%,
11/21/45,
(AMT),
144A
7/23
at
100.00
BBB
62,156,225
40
California
Statewide
Community
Development
Authority,
Water
and
Wastewater
Revenue
Bonds,
Pooled
Financing
Program,
Series
2003A,
5.250%,
10/01/23
-
AGM
Insured
1/23
at
100.00
AA
40,089
170
California
Statewide
Community
Development
Authority,
Water
and
Wastewater
Revenue
Bonds,
Pooled
Financing
Program,
Series
2004A,
5.250%,
10/01/24
-
AGM
Insured
1/23
at
100.00
AA
170,393
East
Bay
Municipal
Utility
District,
Alameda
and
Contra
Costa
Counties,
California,
Water
System
Revenue
Bonds,
Green
Series
2017A:
5,000
5.000%,
6/01/42
6/27
at
100.00
AAA
5,329,000
2,200
5.000%,
6/01/45
6/27
at
100.00
AAA
2,335,300
10,000
East
Bay
Municipal
Utility
District,
Alameda
and
Contra
Costa
Counties,
California,
Water
System
Revenue
Bonds,
Series
2014C,
5.000%,
6/01/44
6/24
at
100.00
AAA
10,243,700
Long
Beach
Bond
Finance
Authority,
California,
Natural
Gas
Purchase
Revenue
Bonds,
Series
2007A:
14,140
5.000%,
11/15/35
No
Opt.
Call
AA-
15,022,477
7,610
5.500%,
11/15/37
No
Opt.
Call
AA-
8,464,375
4,865
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2013B,
5.000%,
7/01/28
7/23
at
100.00
Aa2
4,934,715
4,000
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2014B,
5.000%,
7/01/43
1/24
at
100.00
Aa2
4,072,320
24,070
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2015E,
5.000%,
7/01/44
7/24
at
100.00
Aa2
24,686,433
10,000
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2016A,
5.000%,
7/01/46
1/26
at
100.00
Aa2
10,425,800
15
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Utilities
(continued)
$
44,455
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2017A,
5.000%,
7/01/47
1/27
at
100.00
Aa2
$
46,712,425
12,870
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2018A,
5.000%,
7/01/38
1/28
at
100.00
Aa2
13,916,331
8,980
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2019A,
5.000%,
7/01/45
1/29
at
100.00
Aa2
9,660,953
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2020B:
8,960
5.000%,
7/01/40
7/30
at
100.00
Aa2
9,923,111
26,625
5.000%,
7/01/50
7/30
at
100.00
Aa2
28,757,396
4,000
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2022A,
5.000%,
7/01/46
7/31
at
100.00
Aa2
4,392,160
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2022C:
3,000
5.000%,
7/01/39
1/32
at
100.00
Aa2
3,389,100
2,325
5.000%,
7/01/41
1/32
at
100.00
Aa2
2,595,630
10,000
Los
Angeles
Department
of
Water
and
Power,
California,
Water
System
Revenue
Bonds,
Series
2022B,
5.000%,
7/01/52
1/32
at
100.00
Aa2
10,933,600
6,770
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2016A,
5.000%,
7/01/46
1/26
at
100.00
AA+
7,066,323
43,615
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2017A,
5.000%,
7/01/44
1/27
at
100.00
AA+
46,013,389
6,650
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2018B,
5.000%,
7/01/48
7/28
at
100.00
AA+
7,093,821
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2020C:
2,000
5.000%,
7/01/36
7/30
at
100.00
Aa2
2,250,900
3,000
5.000%,
7/01/38
7/30
at
100.00
Aa2
3,352,200
5,000
Los
Angeles,
California,
Wastewater
System
Revenue
Bonds,
Green
Subordinate
Series
2018A,
5.000%,
6/01/43
6/28
at
100.00
AA
5,337,850
Los
Angeles,
California,
Wastewater
System
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2013A:
1,245
5.000%,
6/01/34
6/23
at
100.00
AA
1,259,517
6,840
5.000%,
6/01/35
6/23
at
100.00
AA
6,919,412
5,025
Metropolitan
Water
District
of
Southern
California,
Water
Revenue
Bonds,
Refunding
Series
2020C,
5.000%,
7/01/38
7/30
at
100.00
AAA
5,668,954
7,525
Moulton
Niguel
Water
District,
California,
Certificates
of
Participation,
Series
2019,
3.000%,
9/01/44
3/29
at
100.00
AAA
6,129,790
6,970
Public
Facilities
Financing
Authority
of
the
City
of
San
Diego,
California,
Subordinated
Sewer
Revenue
Bonds,
Series
2022A,
5.000%,
5/15/52
5/32
at
100.00
AA
7,666,373
3,000
Sacramento
County
Sanitation
Districts
Financing
Authority,
California,
Revenue
Bonds,
Sacramento
Regional
County
Sanitation
District,
Series
2014A,
5.000%,
12/01/33
6/24
at
100.00
AA
3,093,960
2,950
Sacramento
County
Sanitation
Districts
Financing
Authority,
California,
Revenue
Bonds,
Sacramento
Regional
County
Sanitation
District,
Series
2020A,
5.000%,
12/01/50
12/30
at
100.00
AA
3,197,505
18,180
Sacramento
Municipal
Utility
District,
California,
Electric
Revenue
Bonds,
Series
2020H,
5.000%,
8/15/50
8/30
at
100.00
AA
19,693,667
2,500
Sacremento
Municipal
Utility
District,
California,
Electric
Revenue
Bonds,
Tender
Option
Bond
Trust
2016-XG0060,
12.045%,
8/15/41,
144A,
(IF)
(9)
8/23
at
100.00
AA
2,647,850
4,000
San
Diego
Public
Facilities
Financing
Authority,
California,
Water
Utility
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2016B,
5.000%,
8/01/37
8/26
at
100.00
Aa3
4,289,440
2,555
Santa
Clara
Valley
Water
District,
California,
Water
System
Revenue
Bonds,
Refunding Series
2020A,
5.000%,
6/01/50
6/30
at
100.00
Aa1
2,764,689
Southern
California
Public
Power
Authority,
California,
Revenue
Bonds,
Apex
Power
Project
Series
2014A:
1,565
5.000%,
7/01/35
7/24
at
100.00
AA-
1,618,288
1,500
5.000%,
7/01/38
7/24
at
100.00
AA-
1,547,775
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2022
(Unaudited)
16
NAC
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:
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Utilities
(continued)
$
4,000
Southern
California
Public
Power
Authority,
Natural
Gas
Project
1
Revenue
Bonds,
Series
2007A,
5.000%,
11/01/33
No
Opt.
Call
A2
$
4,278,040
428,635
Total
Utilities
445,202,615
$
3,180,554
Total
Long-Term
Investments
(cost
$3,017,294,009)
3,012,677,247
MuniFund
Preferred
Shares,
net
of
deferred
offering
costs
-
(17.5)%
(10)
(
319,851,715
)
Variable
Rate
Demand
Preferred
Shares,
net
of
deferred
offering
costs
-
(49.6)%
(11)
(
905,226,959
)
Other
Assets
Less
Liabilities
-
1.9%
36,354,654
Net
Assets
Applicable
to
Common
Shares
-
100%
$
1,823,953,227
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
3,011,384,065
$
1,293,182
$
3,012,677,247
Total
$
–
$
3,011,384,065
$
1,293,182
$
3,012,677,247
(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)
Effective
February
12,
2019,
the
par
value
of
the
original
bonds
was
replaced
with
taxable
and
tax
exempt
Puerto
Rico
Sales
Tax
Financing
Corporation
(commonly
known
as
COFINA)
bond
units
that
are
collateralized
by
a
bundle
of
zero
and
coupon
paying
bonds.
The
quantity
shown
represents
units
in
a
trust,
which
were
assigned
according
to
the
original
bond’s
accreted
value.
These
securities
do
not
have
a
stated
coupon
interest
rate
and
income
will
be
recognized
through
accretion
of
the
discount
associated
with
the
trust
units.
The
factor
at
which
these
units
accrete
can
also
decrease,
primarily
for
principal
payments
generated
from
coupon
payments
received
or
dispositions
of
the
underlying
bond
collateral.
The
quantity
of
units
will
not
change
as
a
result
of
these
principal
payments.
(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)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(7)
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.
(8)
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.
(9)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
inverse
floating
rate
transactions.
(10)
MuniFund
Preferred
Shares,
net
of
deferred
offering
costs
as
a
percentage
of
Total
Investments
is
10.6%.
(11)
Variable
Rate
Demand
Preferred
Shares,
net
of
deferred
offering
costs
as
a
percentage
of
Total
Investments
is
30.0%.
17
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
AMT
Alternative
Minimum
Tax
ETM
Escrowed
to
maturity
IF
Inverse
floating
rate
security
issued
by
a
tender
option
bond
(��TOB”)
trust,
the
interest
rate
on
which
varies
inversely
with
the
Securities
Industry
Financial
Markets
Association
(SIFMA)
short-term
rate,
which
resets
weekly,
or
a
similar
short-term
rate,
and
is
reduced
by
the
expenses
related
to
the
TOB
trust.