1
Nuveen
Intermediate
Duration
Quality
Municipal
Term
Fund
Portfolio
of
Investments
February
28,
2022
(Unaudited)
NIQ
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
127.4% (98.0%
of
Total
Investments)
MUNICIPAL
BONDS
-
124.8%
(98.0%
of
Total
Investments)
Alabama
-
2.0%
(1.6%
of
Total
Investments)
$
2,000
Alabama
Federal
Aid
Highway
Finance
Authority,
Federal
Highway
Grant
Anticipation
Revenue
Bonds,
Tender
Option
Bond
Trust
2016-XL0024,
21.573%,
9/01/26,
(Pre-refunded
9/01/22),
144A,
(IF)
(4)
9/22
at
100.00
AA
(5)
$
2,215,420
1,000
Lower
Alabama
Gas
District,
Alabama,
Gas
Project
Revenue
Bonds,
Series
2016A,
5.000%,
9/01/34
No
Opt.
Call
A2
1,243,700
269
Tuscaloosa
County
Industrial
Development
Authority,
Alabama,
Gulf
Opportunity
Zone
Bonds,
Hunt
Refining
Project,
Refunding
Series
2019A,
4.500%,
5/01/32,
144A
2021
2021
5/29
at
100.00
N/R
275,690
3,269
Total
Alabama
3,734,810
Alaska
-
0.3%
(0.3%
of
Total
Investments)
500
Northern
Tobacco
Securitization
Corporation,
Alaska,
Tobacco
Settlement
Asset-Backed
Bonds,
Senior
Series
2021A
Class
1,
5.000%,
6/01/30
No
Opt.
Call
A
597,550
Arizona
-
3.1%
(2.4%
of
Total
Investments)
Arizona
Health
Facilities
Authority,
Hospital
Revenue
Bonds,
Phoenix
Children's
Hospital,
Series
2013D:
965
5.000%,
2/01/24
2/23
at
100.00
AA-
1,001,187
1,065
5.000%,
2/01/26
2/23
at
100.00
AA-
1,103,990
775
Phoenix
Civic
Improvement
Corporation,
Arizona,
Water
System
Revenue
Bonds,
Junior
Lien
Series
2021A,
5.000%,
7/01/45
7/31
at
100.00
AAA
961,271
Tempe,
Arizona,
Water
and
Sewer
Revenue
Bonds,
Series
2021:
1,150
5.000%,
7/01/40
7/31
at
100.00
AA+
1,448,770
1,000
5.000%,
7/01/41
7/31
at
100.00
AA+
1,257,830
4,955
Total
Arizona
5,773,048
California
-
11.0%
(8.6%
of
Total
Investments)
3,000
Alameda
Corridor
Transportation
Authority,
California,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2013A,
5.000%,
10/01/27
-
AGM
Insured
10/23
at
100.00
AA
3,171,420
55
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+
59,617
500
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2017A,
5.000%,
11/15/36
11/27
at
100.00
A1
586,515
2,170
California
Municipal
Finance
Authority,
Revenue
Bonds,
Linxs
APM
Project,
Senior
Lien
Series
2018A,
5.000%,
12/31/43,
(AMT)
6/28
at
100.00
BBB-
2,482,654
370
California
Pollution
Control
Financing
Authority,
Water
Furnishing
Revenue
Bonds,
San
Diego
County
Water
Authoriity
Desalination
Project
Pipeline,
Refunding
Series
2019,
5.000%,
11/21/45,
144A
1/29
at
100.00
BBB
420,272
1,930
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2014A,
5.250%,
12/01/34
12/24
at
100.00
BB
2,119,372
3,335
Eastern
Municipal
Water
District
Financing
Authority,
California,
Water
and
Wastewater
Revenue
Bonds,
Series
2017D,
5.250%,
7/01/42
7/27
at
100.00
AA+
3,951,975
305
Independent
Cities
Finance
Authority,
California,
Mobile
Home
Park
Revenue
Bonds, Rancho
Vallecitos
Mobile
Home
Park,
Series
2013,
4.500%,
4/15/23
No
Opt.
Call
A-
310,905
Nuveen
Intermediate
Duration
Quality
Municipal
Term
Fund
(contin-
ued)
Portfolio
of
Investments
February
28,
2022
2
NIQ
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
California
(continued)
Jurupa
Community
Services
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
31
Eastvale
Area,
Series
2013:
$
150
4.000%,
9/01/25
9/22
at
100.00
N/R
$
151,622
305
4.000%,
9/01/26
9/22
at
100.00
N/R
308,187
250
4.000%,
9/01/27
9/22
at
100.00
N/R
252,525
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2021B:
300
5.000%,
7/01/28
No
Opt.
Call
Aa2
362,544
700
5.000%,
7/01/29
No
Opt.
Call
Aa2
864,010
1,765
Patterson
Public
Finance
Authority,
California,
Revenue
Bonds,
Community
Facilities
District
2001-1,
Senior
Series
2013A,
5.000%,
9/01/22
No
Opt.
Call
N/R
1,799,364
185
Riverside
County
Redevelopment
Agency,
California,
Tax
Allocation
Housing
Bonds,
Series
2011A,
8.000%,
10/01/26,
(ETM)
No
Opt.
Call
A
(5)
216,013
1,500
San
Diego
Association
of
Governments,
California,
South
Bay
Expressway
Toll
Revenue
Bonds,
First
Senior
Lien
Series
2017A,
5.000%,
7/01/36
7/27
at
100.00
A
1,756,485
1,400
San
Joaquin
County
Transportation
Authority,
California,
Sales
Tax
Revenue,
Limited
Tax
Measure
K
Series
2017,
5.000%,
3/01/32
3/27
at
100.00
AA
1,624,336
18,220
Total
California
20,437,816
Colorado
-
12.6%
(9.9%
of
Total
Investments)
3,045
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-2,
5.000%,
8/01/30
8/29
at
100.00
BBB+
3,626,900
5,000
Colorado
Springs,
Colorado,
Utilities
System
Revenue
Bonds,
Refunding
Series
2017A-2,
5.000%,
11/15/47
11/27
at
100.00
AA+
5,782,900
Colorado
State
Board
of
Governors,
Colorado
State
University
Auxiliary
Enterprise
System
Revenue
Bonds,
Tender
Option
Bond
Trust
2016-XF2354:
100
21.733%,
3/01/25,
144A,
(IF)
(4)
No
Opt.
Call
AA
153,561
300
21.733%,
3/01/26,
144A,
(IF)
(4)
No
Opt.
Call
AA
508,608
430
21.684%,
3/01/27,
144A,
(IF)
(4)
No
Opt.
Call
AA
793,930
725
21.733%,
3/01/28,
144A,
(IF)
(4)
No
Opt.
Call
AA
1,441,445
200
21.733%,
3/01/29,
144A,
(IF)
(4)
No
Opt.
Call
AA
423,534
1,870
Denver
Convention
Center
Hotel
Authority,
Colorado,
Revenue
Bonds,
Convention
Center
Hotel,
Refunding
Senior
Lien
Series
2016,
5.000%,
12/01/30
12/26
at
100.00
Baa2
2,096,588
1,000
Public
Authority
for
Colorado
Energy,
Natural
Gas
Purchase
Revenue
Bonds, Colorado
Springs
Utilities,
Series
2008,
6.500%,
11/15/38
No
Opt.
Call
AA-
1,441,660
2,280
University
of
Colorado,
Enterprise
System
Revenue
Bonds,
Refunding
Series
2019B,
5.000%,
6/01/44
6/29
at
100.00
N/R
2,736,593
4,000
University
of
Northern
Colorado
at
Greeley,
Institutional
Enterprise
System
Revenue
Bonds,
Refunding
Series
2016A,
5.000%,
6/01/46
6/26
at
100.00
Aa2
4,504,640
18,950
Total
Colorado
23,510,359
District
of
Columbia
-
4.0%
(3.2%
of
Total
Investments)
1,900
Metropolitan
Washington
Airports
Authority,
Virginia,
Dulles
Toll
Road
Revenue
Bonds,
Dulles
Metrorail
&
Capital
improvement
Projects,
Refunding
&
Subordinate
Lien
Series
2019B,
5.000%,
10/01/47
10/29
at
100.00
A-
2,219,257
4,000
Metropolitan
Washington
Airports
Authority,
Virginia,
Dulles
Toll
Road
Revenue
Bonds,
Dulles
Metrorail
&
Capital
Improvement
Projects,
Refunding
Second
Senior
Lien
Series
2022A,
4.000%,
10/01/52
-
AGM
Insured
10/31
at
100.00
N/R
4,428,600
3
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
District
of
Columbia
(continued)
$
720
Washington
Metropolitan
Area
Transit
Authority,
Dedicated
Revenue
Bonds,
Green
Series
2021A,
5.000%,
7/15/41
7/31
at
100.00
AA
$
900,749
6,620
Total
District
of
Columbia
7,548,606
Florida
-
5.8%
(4.6%
of
Total
Investments)
150
Atlantic
Beach,
Florida,
Healthcare
Facilities
Revenue
Refunding
Bonds,
Fleet
Landing
Project,
Series
2013A,
5.000%,
11/15/23
No
Opt.
Call
BBB
158,555
250
Belmont
Community
Development
District,
Florida,
Capital
Improvement
Revenue
Bonds,
Phase
1
Project,
Series
2013A,
5.500%,
11/01/23
No
Opt.
Call
N/R
258,883
825
Broward
County,
Florida,
Half-Cent
Sales
Tax
Revenue
Bonds,
Refunding
Series
2020,
4.000%,
10/01/40
10/30
at
100.00
AA+
949,443
1,270
Brwoard
County,
Florida,
Fuel
System
Revenue
Bonds,
Fort
Lauderdale
Fuel
Facilities
LLC
Project,
Series
2013A,
5.000%,
4/01/23
-
AGM
Insured,
(AMT)
No
Opt.
Call
AA
1,323,759
1,740
Cape
Coral,
Florida,
Water
and
Sewer
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
10/01/33
10/27
at
100.00
A+
2,045,074
310
Capital
Trust
Agency,
Florida,
Fixed
Rate
Air
Cargo
Revenue
Refunding
Bonds,
Aero
Miami
FX,
LLC
Project,
Series
2010A,
5.350%,
7/01/29
3/22
at
100.00
Baa3
311,032
545
Central
Florida
Expressway
Authority,
Revenue
Bonds,
Senior
Lien
Series
2021D,
5.000%,
7/01/31
No
Opt.
Call
A+
692,308
685
Collier
County
Educational
Facilities
Authority,
Florida,
Revenue
Bonds,
Ave
Maria
University,
Refunding
Series
2013A,
4.500%,
6/01/23
No
Opt.
Call
BBB-
699,056
1,000
Florida
Mid-Bay
Bridge
Authority,
Revenue
Bonds,
1st
Senior
Lien
Series
2015A,
5.000%,
10/01/23
No
Opt.
Call
BBB+
1,056,010
500
Gainesville,
Florida,
Utilities
System
Revenue
Bonds,
Series
2017A,
5.000%,
10/01/37
10/27
at
100.00
Aa3
585,050
1,400
Palm
Beach
County
Health
Facilities
Authority,
Florida,
Revenue
Bonds,
Jupiter
Medical
Center,
Series
2013A,
5.000%,
11/01/22
No
Opt.
Call
BBB+
1,436,470
510
Putnam
County
Development
Authority,
Florida,
Pollution
Control
Revenue
Bonds,
Seminole
Electric
Cooperatice,
Inc.
Project,
Refunding
Series
2018B,
5.000%,
3/15/42
5/28
at
100.00
A-
590,927
305
Southeast
Overtown/Park
West
Community
Redevelopement
Agency,
Florida,
Tax
Increment
Revenue
Bonds,
Series
2014A-1,
5.000%,
3/01/24,
144A
No
Opt.
Call
BBB+
325,353
380
Verandah
West
Community
Development
District,
Florida,
Capital
Improvement
Revenue
Bonds,
Refunding
Series
2013,
4.000%,
5/01/23
No
Opt.
Call
N/R
383,830
9,870
Total
Florida
10,815,750
Georgia
-
2.1%
(1.7%
of
Total
Investments)
1,025
Atlanta,
Georgia,
Tax
Allocation
Bonds,
Perry
Bolton
Project
Series
2014,
4.000%,
7/01/22
No
Opt.
Call
A-
1,035,988
1,000
Gainesville
and
Hall
County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Northeast
Georgia
Health
Services
Inc.,
Series
2017B,
5.500%,
2/15/42
2/27
at
100.00
AA
1,157,890
1,465
Municipal
Electric
Authority
of
Georgia,
General
Resolution
Projects
Subordinated
Bonds,
Series
20188HH,
5.000%,
1/01/44
1/28
at
100.00
A1
1,712,233
3,490
Total
Georgia
3,906,111
Nuveen
Intermediate
Duration
Quality
Municipal
Term
Fund
(contin-
ued)
Portfolio
of
Investments
February
28,
2022
4
NIQ
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Hawaii
-
1.9%
(1.5%
of
Total
Investments)
$
3,000
Honolulu
City
and
County,
Hawaii,
Wastewater
System
Revenue
Bonds,
First
Bond
Resolution,
Senior
Series
2018A,
5.000%,
7/01/37
1/28
at
100.00
Aa2
$
3,544,050
Illinois
-
10.8%
(8.5%
of
Total
Investments)
500
Cook
County,
Illinois,
General
Obligation
Bonds,
Refunding
Series
2021A,
5.000%,
11/15/31
11/30
at
100.00
A+
612,250
2,500
Cook
County,
Illinois,
General
Obligation
Bonds,
Tender
Option
Bond
Trust
2015-XF1007,
17.109%,
11/15/25,
144A,
(IF)
(4)
11/22
at
100.00
A+
2,778,775
4,000
Illinois
Municipal
Electric
Agency,
Power
Supply
System
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
2/01/27
8/25
at
100.00
A1
4,469,800
2,500
Illinois
State,
General
Obligation
Bonds,
November
Series
2017D,
5.000%,
11/01/27
No
Opt.
Call
BBB
2,875,175
5,000
Illinois
State,
General
Obligation
Bonds,
Series
2013,
5.000%,
7/01/23
No
Opt.
Call
BBB
5,249,100
290
Madison,
Macoupin,
Jersey,
Calhoun,
Morgan,
Scott,
and
Greene
Counties
Community
College
District
536,
Illinois,
General
Obligation
Bonds,
Lewis
&
Clark
Community
College,
Refunding
Series
2017A,
5.000%,
11/01/33
-
AGM
Insured
11/26
at
100.00
AA
332,343
665
Metropolitan
Pier
and
Exposition
Authority,
Illinois,
McCormick
Place
Expansion
Project
Bonds,
Refunding
Series
2020A,
4.000%,
6/15/50
12/29
at
100.00
BBB+
692,065
1,000
Southwestern
Illinois
Development
Authority,
Local
Government
Revenue
Bonds,
Edwardsville
Community
Unit
School
District
7
Project,
Series
2007,
0.000%,
12/01/22
-
AGM
Insured
No
Opt.
Call
AA
990,400
2,000
Springfield,
Illinois,
Electric
Revenue
Bonds,
Refunding
Senior
Lien
Series
2015,
5.000%,
3/01/33
3/25
at
100.00
A
2,189,500
18,455
Total
Illinois
20,189,408
Indiana
-
1.4%
(1.1%
of
Total
Investments)
930
Indiana
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
21st
Century
Charter
School
Project,
Series
2013A,
6.000%,
3/01/33
3/23
at
100.00
B+
940,100
1,500
Indiana
Finance
Authority,
Lease
Appropriation
Bonds,
Stadium
Project,
Refunding
Series
2015A,
5.000%,
2/01/25
No
Opt.
Call
AA+
1,655,730
2,430
Total
Indiana
2,595,830
Kentucky
-
3.6%
(2.8%
of
Total
Investments)
1,000
Kentucky
Bond
Development
Corporation,
Transient
Room
Tax
Revenue
Bonds,
Lexington
Center
Corporation
Project,
Series
2018A,
5.000%,
9/01/43
9/28
at
100.00
A2
1,172,510
Kentucky
Economic
Development
Finance
Authority,
Revenue
Bonds,
Next
Generation
Kentucky
Information
Highway
Project,
Senior
Series
2015A:
925
4.250%,
7/01/35
7/25
at
100.00
BBB+
984,107
1,400
5.000%,
1/01/45
7/25
at
100.00
BBB+
1,528,660
3,000
Kentucky
Public
Transportation
Infrastructure
Authority,
Toll
Revenue
Bonds,
Downtown
Crossing
Project,
Capital
Appreciation
First
Tier
Series
2013B,
0.000%,
7/01/23
No
Opt.
Call
Baa2
2,937,810
6,325
Total
Kentucky
6,623,087
Louisiana
-
0.9%
(0.7%
of
Total
Investments)
530
New
Orleans
Aviation
Board,
Louisiana,
Special
Facility
Revenue
Bonds,
Parking
Facilities
Corporation
Consolidated
Garage
System,
Series
2018A,
5.000%,
10/01/43
-
AGM
Insured
10/28
at
100.00
AA
631,834
1,000
New
Orleans,
Louisiana,
Water
Revenue
Bonds,
Refunding
Series
2014,
5.000%,
12/01/22
No
Opt.
Call
A-
1,030,570
1,530
Total
Louisiana
1,662,404
5
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Maine
-
2.8%
(2.2%
of
Total
Investments)
$
1,000
Maine
Health
and
Higher
Educational
Facilities
Authority
Revenue
Bonds,
Eastern
Maine
Medical
Center
Obligated
Group
Issue,
Series
2013,
5.000%,
7/01/33,
(Pre-refunded
7/01/23)
7/23
at
100.00
BBB
(5)
$
1,052,570
Maine
Health
and
Higher
Educational
Facilities
Authority
Revenue
Bonds,
MaineHealth
Issue,
Series
2018A:
435
5.000%,
7/01/43
7/28
at
100.00
A+
509,637
565
5.000%,
7/01/48
7/28
at
100.00
A+
657,926
Maine
Turnpike
Authority,
Special
Obligation
Bonds,
Series
2014:
620
5.000%,
7/01/25
7/24
at
100.00
A+
671,801
340
5.000%,
7/01/27
7/24
at
100.00
A+
367,265
1,850
5.000%,
7/01/29
7/24
at
100.00
A+
1,997,463
4,810
Total
Maine
5,256,662
Maryland
-
0.5%
(0.4%
of
Total
Investments)
615
Baltimore,
Maryland,
Convention
Center
Hotel
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
9/01/34
9/27
at
100.00
CCC
643,512
310
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
Frederick
Memorial
Hospital
Issue,
Series
2012A,
5.000%,
7/01/22
No
Opt.
Call
A-
313,884
925
Total
Maryland
957,396
Massachusetts
-
0.5%
(0.4%
of
Total
Investments)
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
Medical
Center
Issue,
Series
2012C:
500
5.000%,
7/01/29,
(Pre-refunded
7/01/22)
7/22
at
100.00
Baa2
(5)
507,210
420
5.000%,
7/01/29
7/22
at
100.00
BBB
424,931
80
5.000%,
7/01/29,
(Pre-refunded
7/01/22)
7/22
at
100.00
N/R
(5)
81,153
1,000
Total
Massachusetts
1,013,294
Michigan
-
10.1%
(7.9%
of
Total
Investments)
1,000
Detroit
City
School
District,
Wayne
County,
Michigan,
General
Obligation
Bonds,
Tender
Option
Bond
Trust
3308,
22.690%,
5/01/30
-
AGM
Insured,
144A,
(IF)
(4)
No
Opt.
Call
Aa1
2,317,420
5
Detroit,
Michigan,
Sewer
Disposal
System
Revenue
Bonds,
Second
Lien,
Series
2006B,
5.000%,
7/01/36
-
FGIC
Insured
3/22
at
100.00
A+
5,018
5
Detroit,
Michigan,
Water
Supply
System
Revenue
Bonds,
Second
Lien
Series
2003B,
5.000%,
7/01/34
-
NPFG
Insured
3/22
at
100.00
A+
5,018
370
Flint
Hospital
Building
Authority,
Michigan,
Building
Authority
Revenue
Bonds,
Hurley
Medical
Center,
Series
2013A,
5.000%,
7/01/23
No
Opt.
Call
BBB-
379,927
2,325
Michigan
Finance
Authority,
Distributable
State
Aid
Revenue
Bonds,
Charter
County
of
Wayne,
Second
Lien
Refunding
Series
2020,
4.000%,
11/01/36
11/30
at
100.00
AA
2,654,964
2,020
Michigan
Finance
Authority,
Hospital
Revenue
Bonds,
Crittenton
Hospital
Medical
Center,
Refunding
Series
2012A,
4.125%,
6/01/32,
(Pre-
refunded
6/01/22)
6/22
at
100.00
N/R
(5)
2,037,655
3,000
Michigan
Finance
Authority,
Local
Government
Loan
Program
Revenue
Bonds,
Detroit
Water
&
Sewerage
Department
Water
Supply
System
Local
Project,
Refunding
Senior
Loan
Series
2014D-1,
5.000%,
7/01/23
-
AGM
Insured
No
Opt.
Call
AA
3,156,870
1,500
Michigan
Finance
Authority,
Tobacco
Settlement
Asset-
Backed
Bonds,
2007
Sold
Tobacco
Receipts,
Series
2020B-1-CL2,
5.000%,
6/01/49
12/30
at
100.00
BBB-
1,706,955
1,500
Michigan
State
Building
Authority,
Revenue
Bonds,
Facilities
Program,
Refunding
Series
2019-I,
5.000%,
4/15/36
10/29
at
100.00
Aa2
1,842,300
Nuveen
Intermediate
Duration
Quality
Municipal
Term
Fund
(contin-
ued)
Portfolio
of
Investments
February
28,
2022
6
NIQ
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Michigan
(continued)
$
4,000
Michigan
State,
Trunk
Line
Fund
Bonds,
Rebuilding
Michigan
Program,
Series
2021A,
4.000%,
11/15/40
11/31
at
100.00
N/R
$
4,651,720
15,725
Total
Michigan
18,757,847
Minnesota
-
1.2%
(1.0%
of
Total
Investments)
2,000
Duluth
Economic
Development
Authority,
Minnesota,
Health
Care
Facilities
Revenue
Bonds,
Essentia
Health
Obligated
Group,
Series
2018A,
4.250%,
2/15/43
2/28
at
100.00
A-
2,216,760
100
Saint
Paul
Housing
and
Redevelopment
Authority,
Minnesota,
Lease
Revenue
Bonds,
Saint
Paul
Conservatory
for
Performing
Artists
Charter
School
Project,
Series
2013A,
3.700%,
3/01/22
No
Opt.
Call
BB
100,000
2,100
Total
Minnesota
2,316,760
Missouri
-
1.7%
(1.3%
of
Total
Investments)
3,000
Missouri
Joint
Municipal
Electric
Utility
Commission,
Power
Project
Revenue
Bonds,
Plum
Point
Project,
Refunding
Series
2014A,
5.000%,
1/01/23
No
Opt.
Call
A
3,101,760
Montana
-
1.4%
(1.1%
of
Total
Investments)
Montana
Facility
Finance
Authority,
Healthcare
Facility
Revenue
Bonds,
Kalispell
Regional
Medical
Center,
Series
2018B:
985
5.000%,
7/01/28
No
Opt.
Call
BBB
1,141,349
1,270
5.000%,
7/01/29
7/28
at
100.00
BBB
1,470,114
2,255
Total
Montana
2,611,463
Nebraska
-
1.6%
(1.3%
of
Total
Investments)
3,000
Central
Plains
Energy
Project,
Nebraska,
Gas
Project
3
Revenue
Bonds,
Series
2012,
5.000%,
9/01/32
9/22
at
100.00
A2
3,058,860
Nevada
-
2.5%
(1.9%
of
Total
Investments)
515
Carson
City,
Nevada,
Hospital
Revenue
Bonds,
Carson
Tahoe
Regional
Healthcare
Project,
Series
2017A,
5.000%,
9/01/47
9/27
at
100.00
A-
589,077
1,000
Las
Vegas
Convention
and
Visitors
Authority,
Nevada,
Revenue
Bonds,
Series
2018C,
5.250%,
7/01/43
7/28
at
100.00
Aa3
1,181,120
Las
Vegas
Redevelopment
Agency,
Nevada,
Tax
Increment
Revenue
Bonds,
Refunding
Series
2016:
1,295
5.000%,
6/15/26
No
Opt.
Call
BBB+
1,459,103
1,210
5.000%,
6/15/27
6/26
at
100.00
BBB+
1,358,878
4,020
Total
Nevada
4,588,178
New
Jersey
-
4.3%
(3.4%
of
Total
Investments)
New
Jersey
Economic
Development
Authority,
Cigarette
Tax
Revenue
Refunding
Bonds,
Series
2012:
2,000
5.000%,
6/15/24,
(Pre-refunded
6/15/22)
6/22
at
100.00
BBB
(5)
2,025,220
1,000
5.000%,
6/15/28,
(Pre-refunded
6/15/22)
6/22
at
100.00
BBB
(5)
1,012,610
New
Jersey
Economic
Development
Authority,
Private
Activity
Bonds,
The
Goethals
Bridge
Replacement
Project,
Series
2013:
500
5.000%,
7/01/22,
(AMT)
No
Opt.
Call
A2
506,400
620
5.000%,
1/01/23,
(AMT)
No
Opt.
Call
A2
639,555
1,000
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Financing
Program
Bonds,
Tender
Option
Bond
Trust
2016-XF2340,
2.697%,
9/01/25,
144A,
(IF)
(4)
3/25
at
100.00
Baa1
1,064,300
1,000
New
Jersey
Economic
Development
Authority,
Special
Facilities
Revenue
Bonds,
Continental
Airlines
Inc.,
Series
1999,
5.250%,
9/15/29,
(AMT)
8/22
at
101.00
Ba3
1,024,600
7
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
New
Jersey
(continued)
$
1,225
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
Program
Bonds,
Series
2022BB,
4.000%,
6/15/46
12/31
at
100.00
N/R
$
1,322,302
450
Tobacco
Settlement
Financing
Corporation,
New
Jersey,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018B,
5.000%,
6/01/46
6/28
at
100.00
BB+
501,444
7,795
Total
New
Jersey
8,096,431
New
York
-
9.6%
(7.5%
of
Total
Investments)
495
Buffalo
and
Erie
County
Industrial
Land
Development
Corporation,
New
York,
Revenue
Bonds,
Catholic
Health
System,
Inc.
Project,
Series
2015,
5.000%,
7/01/29
7/25
at
100.00
BBB
531,179
750
Buffalo
Sewer
Authority,
New
York,
Sewer
System
Environmental
Impact
Revenue
Bonds,
Green
Series
2021,
4.000%,
6/15/51
6/28
at
100.00
A+
824,130
500
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
School
Districts
Financing
Program,
Series
2021A,
5.000%,
10/01/32
-
AGM
Insured
10/29
at
100.00
AA
615,925
435
Liberty
Development
Corporation,
New
York,
Goldman
Sachs
Headquarters
Revenue
Bonds
Series
2007,
5.500%,
10/01/37
No
Opt.
Call
A2
594,580
3,545
Long
Island
Power
Authority,
New
York,
Electric
System
General
Revenue
Bonds,
Series
2017,
5.000%,
9/01/42
9/27
at
100.00
A
4,120,673
1,390
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Green
Climate
Bond
Certified
Series
2020C-1,
5.000%,
11/15/50
5/30
at
100.00
A3
1,603,810
750
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Refunding
Green
Climate
Certified
Series
2020E,
5.000%,
11/15/30
No
Opt.
Call
A3
909,060
880
New
York
City
Industrial
Development
Agency,
New
York,
PILOT
Payment
in
Lieu
of
Taxes
Revenue
Bonds,
Queens
Baseball
Stadium
Project,
Refunding
Series
2021A,
5.000%,
1/01/27
-
AGM
Insured
No
Opt.
Call
AA
1,010,715
710
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2021
Series
C,
5.000%,
8/01/43
8/30
at
100.00
AA
860,002
2,000
New
York
Convention
Center
Development
Corporation,
New
York,
Revenue
Bonds,
Hotel
Unit
Fee
Secured,
Refunding
Series
2015,
5.000%,
11/15/25
No
Opt.
Call
A2
2,241,960
1,000
New
York
State
Power
Authority,
General
Revenue
Bonds,
Series
2020A,
4.000%,
11/15/50
5/30
at
100.00
AA
1,109,670
1,500
Suffolk
Tobacco
Asset
Securitization
Corporation,
New
York,
Tobacco
Settlement
Asset-Backed
Bonds,
Senior
Series
2021A-2,
5.000%,
6/01/30
No
Opt.
Call
N/R
1,799,715
560
Triborough
Bridge
and
Tunnel
Authority,
New
York,
General
Revenue
Bonds,
MTA
Bridges
&
Tunnels,
Series
2021A,
5.000%,
11/01/25
No
Opt.
Call
A1
632,234
1,000
Triborough
Bridge
and
Tunnel
Authority,
New
York,
Payroll
Mobility
Tax
Bonds,
Refunding
Senior
Lien
Subseries
2021A-2,
2.000%,
5/15/45,
(Mandatory
Put
5/15/2028)
No
Opt.
Call
AA+
1,007,420
15,515
Total
New
York
17,861,073
North
Dakota
-
0.7%
(0.6%
of
Total
Investments)
1,250
Cass
County,
North
Dakota,
Health
Care
Facilities
Revenue
Bonds,
Essential
Health
Obligated
Group,
Series
2018B,
4.250%,
2/15/43
2/28
at
100.00
A-
1,385,475
Ohio
-
2.3%
(1.8%
of
Total
Investments)
620
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+
651,539
Nuveen
Intermediate
Duration
Quality
Municipal
Term
Fund
(contin-
ued)
Portfolio
of
Investments
February
28,
2022
8
NIQ
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Ohio
(continued)
$
2,165
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
$
2,358,529
3,000
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generation
Project,
Refunding
Series
2006A,
3.750%,
12/01/23
(6)
No
Opt.
Call
N/R
3,750
1,150
Ohio
State,
Private
Activity
Bonds,
Portsmouth
Gateway
Group,
LLC
-
Borrower,
Portsmouth
Bypass
Project,
Series
2015,
5.000%,
12/31/27
-
AGM
Insured,
(AMT)
6/25
at
100.00
AA
1,266,576
6,935
Total
Ohio
4,280,394
Oklahoma
-
0.2%
(0.1%
of
Total
Investments)
255
Oklahoma
Development
Finance
Authority,
Health
System
Revenue
Bonds,
OU
Medicine
Project,
Series
2018B,
5.250%,
8/15/43
8/28
at
100.00
Baa3
301,854
Oregon
-
1.7%
(1.4%
of
Total
Investments)
965
Astoria
Hospital
Facilities
Authority,
Oregon,
Hospital
Revenue
and
Refunding
Bonds,
Columbia
Memorial
Hospital,
Series
2012,
5.000%,
8/01/22
No
Opt.
Call
A-
981,974
2,000
Port
of
Portland,
Oregon,
International
Airport
Revenue
Bonds,
Series
2017-24B,
5.000%,
7/01/36,
(AMT)
1/27
at
100.00
A+
2,272,260
2,965
Total
Oregon
3,254,234
Pennsylvania
-
2.3%
(1.8%
of
Total
Investments)
Erie
Higher
Education
Building
Authority,
Pennsylvania,
Revenue
Bonds,
Gannon
University
Project,
Series
2013:
500
4.000%,
5/01/22
No
Opt.
Call
BBB+
502,515
520
4.000%,
5/01/23
No
Opt.
Call
BBB+
535,954
1,700
Pennsylvania
Economic
Development
Financing
Authority,
Private
Activity
Revenue
Bonds,
Pennsylvania
Rapid
Bridge
Replacement
Project,
Series
2015,
5.000%,
6/30/28,
(AMT)
6/26
at
100.00
BBB
1,896,044
1,000
Pennsylvania
Turnpike
Commission,
Turnpike
Revenue
Bonds,
Subordinate
Series
2021A,
4.000%,
12/01/43
12/30
at
100.00
A
1,109,560
285
Pittsburgh
Water
and
Sewer
Authority,
Pennsylvania,
Water
and
Sewer
System
Revenue
Bonds,
Refunding
Subordinate
Series
2019B,
4.000%,
9/01/34
-
AGM
Insured
9/29
at
100.00
AA
322,999
4,005
Total
Pennsylvania
4,367,072
Puerto
Rico
-
1.7%
(1.3%
of
Total
Investments)
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
660
4.500%,
7/01/34
7/25
at
100.00
N/R
713,414
2,175
4.550%,
7/01/40
7/28
at
100.00
N/R
2,409,487
2,835
Total
Puerto
Rico
3,122,901
South
Carolina
-
2.7%
(2.1%
of
Total
Investments)
1,000
Piedmont
Municipal
Power
Agency,
South
Carolina,
Electric
Revenue
Bonds,
Refunding
Series
2021A,
4.000%,
1/01/25
No
Opt.
Call
A-
1,068,860
1,500
Piedmont
Municipal
Power
Agency,
South
Carolina,
Electric
Revenue
Bonds,
Refunding
Series
2021D,
4.000%,
1/01/31
No
Opt.
Call
N/R
1,731,810
1,758
South
Carolina
Public
Service
Authority,
5.000%,
12/01/31
No
Opt.
Call
N/R
2,207,362
4,258
Total
South
Carolina
5,008,032
9
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tennessee
-
9.1%
(7.1%
of
Total
Investments)
Greeneville
Health
and
Educational
Facilities
Board,
Tennessee,
Hospital
Revenue
Bonds,
Ballad
Health,
Series
2018A:
$
1,000
5.000%,
7/01/36
7/28
at
100.00
A
$
1,174,490
1,605
5.000%,
7/01/37
7/28
at
100.00
A
1,881,846
Jackson,
Tennessee,
Hospital
Revenue
Bonds,
Jackson-
Madison
County
General
Hospital
Project,
Series
2018A:
2,180
5.000%,
4/01/35
10/28
at
100.00
N/R
2,571,070
110
5.000%,
4/01/35,
(Pre-refunded
10/01/28)
10/28
at
100.00
N/R
(5)
132,436
Knox
County
Health,
Educational
and
Housing
Facility
Board,
Tennessee,
Hospital
Revenue
Bonds,
Covenant
Health,
Refunding
Series
2012A:
1,440
5.000%,
1/01/25
1/23
at
100.00
A+
1,484,942
2,170
5.000%,
1/01/26
1/23
at
100.00
A+
2,236,619
2,000
Metropolitan
Government
of
Nashville-Davidson
County
Health
and
Educational
Facilities
Board,
Tennessee,
Revenue
Bonds,
Belmont
University
Project,
Refunding
&
Improvement
Series
2021,
4.000%,
5/01/46
5/31
at
100.00
N/R
2,223,300
450
Metropolitan
Government
of
Nashville-Davidson
County,
Tennessee,
Water
and
Sewerage
Revenue
Bonds,
Green
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
AA
524,367
1,400
The
Tennessee
Energy
Acquisition
Corporation,
Gas
Revenue
Bonds,
Series
2006B,
5.625%,
9/01/26
No
Opt.
Call
BBB
1,615,404
The
Tennessee
Energy
Acquisition
Corporation,
Gas
Revenue
Bonds,
Series
2006C:
1,490
5.000%,
2/01/24
No
Opt.
Call
A
1,586,269
1,365
5.000%,
2/01/25
No
Opt.
Call
A
1,491,140
15,210
Total
Tennessee
16,921,883
Texas
-
5.2%
(4.1%
of
Total
Investments)
1,225
Bexar
County
Hospital
District,
Texas,
Certificates
of
Obligation,
Series
2020,
5.000%,
2/15/45
2/29
at
100.00
Aa1
1,460,347
1,070
Central
Texas
Regional
Mobility
Authority,
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2020G,
4.000%,
1/01/45
1/30
at
100.00
BBB+
1,162,534
2,000
Gulf
Coast
Industrial
Development
Authority,
Texas,
Solid
Waste
Disposal
Revenue
Bonds,
Citgo
Petroleum
Corporation
Project,
Series
1995,
4.875%,
5/01/25,
(AMT)
10/22
at
100.00
BB
2,013,420
Harris
County-Houston
Sports
Authority,
Texas,
Revenue
Bonds,
Refunding
Second
Lien
Series
2014C:
1,660
5.000%,
11/15/23
No
Opt.
Call
Baa1
1,746,071
960
5.000%,
11/15/25
11/24
at
100.00
Baa1
1,034,851
1,005
Harris
County-Houston
Sports
Authority,
Texas,
Revenue
Bonds,
Third
Lien
Series
2004A-3,
0.000%,
11/15/33
-
NPFG
Insured
11/24
at
59.10
Baa2
539,454
Tarrant
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Hospital
Revenue
Bonds,
Scott
&
White
Healthcare
Project,
Tender
Option
Bond
Trust
2016-XG0058:
100
22.153%,
8/15/22,
144A,
(IF)
(4)
No
Opt.
Call
AA-
109,788
155
21.946%,
8/15/24,
(Pre-refunded
8/15/23),
144A,
(IF)
(4)
8/23
at
100.00
AA-
(5)
198,759
200
22.153%,
8/15/26,
(Pre-refunded
8/15/23),
144A,
(IF)
(4)
8/23
at
100.00
AA-
(5)
257,016
175
21.905%,
8/15/27,
(Pre-refunded
8/15/23),
144A,
(IF)
(4)
8/23
at
100.00
AA-
(5)
224,310
915
Texas
Municipal
Gas
Acquisition
and
Supply
Corporation
I,
Gas
Supply
Revenue
Bonds,
Senior
Lien
Series
2008D,
6.250%,
12/15/26
No
Opt.
Call
A2
1,029,686
9,465
Total
Texas
9,776,236
Nuveen
Intermediate
Duration
Quality
Municipal
Term
Fund
(contin-
ued)
Portfolio
of
Investments
February
28,
2022
10
NIQ
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
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Utah
-
0.6%
(0.5%
of
Total
Investments)
$
435
Utah
Water
Finance
Agency,
Revenue
Bonds,
Pooled
Loan
Financing
Program,
Series
2017A,
5.000%,
3/01/35
3/27
at
100.00
AA
$
500,868
600
Utah
Water
Finance
Agency,
Revenue
Bonds,
Pooled
Loan
Financing
Program,
Series
2017C,
5.000%,
3/01/34
3/27
at
100.00
AA+
691,782
1,035
Total
Utah
1,192,650
Virgin
Islands
-
0.1%
(0.0%
of
Total
Investments)
100
Virgin
Islands
Public
Finance
Authority,
Gross
Receipts
Taxes
Loan
Note,
Refunding
Series
2012A,
4.000%,
10/01/22
-
AGM
Insured
No
Opt.
Call
AA
101,361
Virginia
-
0.8%
(0.6%
of
Total
Investments)
1,340
Chesapeake
Bay
Bridge
and
Tunnel
District,
Virginia,
General
Resolution
Revenue
Bonds,
First
Tier
Series
2016,
5.000%,
7/01/41
-
AGM
Insured
7/26
at
100.00
AA
1,493,417
Washington
-
1.4%
(1.1%
of
Total
Investments)
700
Port
of
Seattle,
Washington,
Revenue
Bonds,
Intermediate
Lien
Series
2015A,
5.000%,
4/01/27
10/24
at
100.00
AA-
761,586
210
Washington
State
Convention
Center
Public
Facilities
District,
Lodging
Tax
Revenue
Bonds,
Refunding
Series2021B.
Exchange
Purchase,
4.000%,
7/01/34
7/31
at
100.00
Baa1
234,616
1,550
Washington
State
Convention
Center
Public
Facilities
District,
Lodging
Tax
Revenue
Bonds,
Refunding
Subordinate
Series
2021B. Exchange
Purchase,
4.000%,
7/01/43
7/31
at
100.00
Baa3
1,664,607
2,460
Total
Washington
2,660,809
Wisconsin
-
0.3%
(0.2%
of
Total
Investments)
University
of
Wisconsin
Hospitals
and
Clinics
Authority,
Revenue
Bonds,
Tender
Option
Bond
Trust
2015-XF0127:
50
20.614%,
4/01/22,
144A,
(IF)
(4)
No
Opt.
Call
AA-
50,867
100
21.437%,
4/01/23,
144A,
(IF)
(4)
No
Opt.
Call
AA-
121,774
185
21.048%,
4/01/24,
144A,
(IF)
(4)
4/23
at
100.00
AA-
224,522
100
21.437%,
4/01/25,
144A,
(IF)
(4)
4/23
at
100.00
AA-
121,774
435
Total
Wisconsin
518,937
$
210,307
Total
Municipal
Bonds
(cost
$224,506,614)
232,943,808
Shares
Description
(1)
Value
COMMON
STOCKS
-
2.6%
(2.0%
of
Total
Investments)
Independent
Power
and
Renewable
Electricity
Producers
-
2.6%
(2.0%
of
Total
Investments)
97,015
Energy
Harbor
Corp
(7),(8),(9)
4,831,347
Total
Common
Stocks
(cost
$2,765,568)
4,831,347
Total
Long-Term
Investments
(cost
$227,272,182)
237,775,155
Adjustable
Rate
MuniFund
Term
Preferred
Shares,
net
of
deferred
offering
costs
-
(29.5)%(10)
(
54,964,171
)
Other
Assets
Less
Liabilities
-
2.1%
3,801,348
Net
Assets
Applicable
to
Common
Shares
-
100%
$
186,612,332
11
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
$
–
$
232,943,808
$
–
$
232,943,808
Common
Stocks
–
4,831,347
–
4,831,347
Total
$
–
$
237,775,155
$
–
$
237,775,155
(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
the
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)
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)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
2.
(8)
Common
Stock
received
as
part
of
the
bankruptcy
settlement
during
February
2020
for
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generation
Project,
Refunding
Series
2006A,
3.750%,
12/01/23.
(9)
Non-Income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(10)
Adjustable
Rate
MuniFund
Term
Preferred
Shares,
net
of
deferred
offering
cost
as
a
percentage
of
Total
Investments
is
23.1%
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.