NXN
Nuveen New York Select Tax-Free Income Portfolio
Portfolio of Investments December 31, 2020
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 97.5% | ||||||
MUNICIPAL BONDS – 97.5% | ||||||
Consumer Staples – 4.9% | ||||||
$435 | Erie County Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Series 2005A, 5.000%, 6/01/38 | 2/21 at 100.00 | B- | $435,387 | ||
New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, Series Series 2016A-1: | ||||||
390 | 5.625%, 6/01/35 | No Opt. Call | BBB | 422,682 | ||
1,530 | 5.750%, 6/01/43 | No Opt. Call | BB+ | 1,908,017 | ||
2,355 | Total Consumer Staples | 2,766,086 | ||||
Education and Civic Organizations – 14.5% | ||||||
165 | Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter Schools, Series 2007A, 5.000%, 4/01/37 | 2/21 at 100.00 | BB | 165,195 | ||
275 | Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds, Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40 | 2/21 at 100.00 | B+ | 275,597 | ||
Build New York City Resource Corporation, New York, Revenue Bonds, South Bronx Charter School for International Cultures and the Arts Project, Series 2013A: | ||||||
75 | 5.000%, 4/15/33 | 4/23 at 100.00 | BB+ | 78,124 | ||
110 | 5.000%, 4/15/43 | 4/23 at 100.00 | BB+ | 113,600 | ||
100 | Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020C-1, 5.000%, 6/01/40, 144A | 12/30 at 100.00 | N/R | 104,445 | ||
150 | Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University, Series 2013A, 5.000%, 7/01/44 | 7/23 at 100.00 | A- | 161,103 | ||
1,000 | Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured | No Opt. Call | Baa2 | 1,216,430 | ||
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2015A: | ||||||
20 | 5.000%, 7/01/31 | 7/25 at 100.00 | Aa3 | 23,622 | ||
25 | 5.000%, 7/01/33 | 7/25 at 100.00 | Aa3 | 29,355 | ||
1,000 | Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series 2011A, 5.000%, 10/01/41 | 4/21 at 100.00 | AAA | 1,010,620 | ||
605 | Dormitory Authority of the State of New York, Revenue Bonds, Icahn School of Medicine at Mount Sinai, Refunding Series 2015A, 5.000%, 7/01/40 | 7/25 at 100.00 | A- | 691,388 | ||
290 | Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2015A, 5.000%, 7/01/35 | 7/25 at 100.00 | Aa2 | 340,115 | ||
1,185 | Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2016A, 5.000%, 7/01/39 | 7/26 at 100.00 | Aa2 | 1,415,601 | ||
70 | Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology, Series 2019A, 5.000%, 7/01/49 | 7/29 at 100.00 | A1 | 87,587 |
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NXN | Nuveen New York Select Tax-Free Income Portfolio (continued) |
Portfolio of Investments December 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
$250 | Dormitory Authority of the State of New York, Revenue Bonds, Vaughn College of Aeronautics & Technology, Series 2016A, 5.500%, 12/01/36, 144A | 12/26 at 100.00 | BB- | $256,568 | ||
215 | Glen Cove Local Economic Assistance Corporation, New York, Revenue Bonds, Garvies Point Public Improvement Project, Capital Appreciation Series 2016C, 0.000%, 1/01/55 (4) | 1/34 at 100.00 | N/R | 214,824 | ||
110 | Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University Project, Series 2013, 5.000%, 9/01/38 | 9/23 at 100.00 | A- | 117,847 | ||
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Series 2006: | ||||||
500 | 5.000%, 1/01/31 – AMBAC Insured | 2/21 at 100.00 | Baa3 | 500,215 | ||
430 | 4.750%, 1/01/42 – AMBAC Insured | 2/21 at 100.00 | Baa3 | 430,176 | ||
130 | New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Yankee Stadium Project, Series 2020A, 4.000%, 3/01/45 | 9/30 at 100.00 | AA | 149,939 | ||
350 | New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of American Art, Refunding Series 2021, 5.000%, 7/01/31 (WI/DD, Settling 1/07/21) | No Opt. Call | AA | 484,106 | ||
190 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America Tower at One Bryant Park Project, Second Priority Refunding Series 2019 Class 2, 2.625%, 9/15/69 | 3/29 at 100.00 | A2 | 197,049 | ||
145 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America Tower at One Bryant Park Project, Second Priority Refunding Series 2019 Class 3, 2.800%, 9/15/69 | 3/29 at 100.00 | Baa2 | 141,653 | ||
7,390 | Total Education and Civic Organizations | 8,205,159 | ||||
Financials – 1.1% | ||||||
450 | Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series 2005, 5.250%, 10/01/35 | No Opt. Call | A | 654,579 | ||
Health Care – 2.5% | ||||||
1,100 | Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Obligated Group, Series 2020A, 4.000%, 9/01/50 | 3/30 at 100.00 | BBB | 1,196,811 | ||
200 | Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems, Inc Project, Series 2016B, 4.000%, 7/01/41 | 7/26 at 100.00 | A- | 218,130 | ||
1,300 | Total Health Care | 1,414,941 | ||||
Industrials – 3.5% | ||||||
1,865 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A | 11/24 at 100.00 | N/R | 2,010,563 | ||
Long-Term Care – 0.2% | ||||||
100 | Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31 | 2/21 at 100.00 | A2 | 100,246 | ||
25 | Monroe County Industrial Development Corporation, New York, Revenue Bonds, Saint Ann's Community Project, Series 2019, 5.000%, 1/01/40 | 1/26 at 103.00 | N/R | 27,480 | ||
125 | Total Long-Term Care | 127,726 |
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Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Materials – 0.3% | ||||||
$160 | Build New York City Resource Corporation, New York, Solid Waste Disposal Revenue Bonds, Pratt Paper NY, Inc Project, Series 2014, 5.000%, 1/01/35 (AMT), 144A | 1/25 at 100.00 | N/R | $177,795 | ||
Tax Obligation/General – 7.4% | ||||||
1,000 | Nassau County, New York, General Obligation Bonds, General Improvement Bonds Series 2019B, 5.000%, 4/01/49 – AGM Insured | 4/30 at 100.00 | AA | 1,272,100 | ||
1,080 | New York City, New York, General Obligation Bonds, Fiscal 2017 Series B-1, 5.000%, 12/01/41 | 12/26 at 100.00 | AA | 1,301,659 | ||
835 | New York City, New York, General Obligation Bonds, Fiscal 2020 SeriesD-1, 4.000%, 3/01/44 | 3/30 at 100.00 | AA | 981,317 | ||
600 | Yonkers, New York, General Obligation Bonds, Refunding Series 2011A, 5.000%, 10/01/24 – AGM Insured | 10/21 at 100.00 | AA | 621,756 | ||
3,515 | Total Tax Obligation/General | 4,176,832 | ||||
Tax Obligation/Limited – 19.2% | ||||||
1,050 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2012D, 5.000%, 2/15/37 | 2/22 at 100.00 | AA+ | 1,100,914 | ||
1,000 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2019A Bidding Group 2,3,4, 5.000%, 3/15/46 | 3/29 at 100.00 | AA+ | 1,246,430 | ||
1,000 | Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2015B Group A,B&C, 5.000%, 3/15/35 | 9/25 at 100.00 | AA+ | 1,189,930 | ||
1,000 | Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/25 | No Opt. Call | BB | 1,164,720 | ||
800 | Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Second Indenture Fiscal 2017 Series A, 5.000%, 2/15/38 | 2/27 at 100.00 | Aa3 | 968,208 | ||
760 | Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A, 5.750%, 2/15/47 | 2/21 at 100.00 | AA- | 764,499 | ||
1,000 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series 2015S-2, 5.000%, 7/15/40 | 7/25 at 100.00 | AA | 1,184,450 | ||
1,000 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2013 Series I, 5.000%, 5/01/38 | 5/23 at 100.00 | AAA | 1,097,770 | ||
450 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2014 Series D-1, 5.000%, 2/01/35 | 2/24 at 100.00 | AAA | 509,724 | ||
500 | New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds, Subordinate Series 2011-D1, 5.250%, 2/01/30 | 2/21 at 100.00 | AAA | 501,765 | ||
235 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1, 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 262,472 | ||
845 | Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A, 5.000%, 10/01/32 – AGM Insured | 10/22 at 100.00 | AA | 902,308 | ||
9,640 | Total Tax Obligation/Limited | 10,893,190 | ||||
Transportation – 18.4% | ||||||
900 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2014D-1, 5.000%, 11/15/39 | 11/24 at 100.00 | A3 | 985,374 | ||
250 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade Center Project, Series 2011, 5.000%, 11/15/44 | 11/21 at 100.00 | A | 258,793 |
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NXN | Nuveen New York Select Tax-Free Income Portfolio (continued) |
Portfolio of Investments December 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Transportation (continued) | ||||||
$980 | New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A, 5.000%, 7/01/46 (AMT) | 7/24 at 100.00 | BBB | $1,072,620 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016: | ||||||
200 | 5.000%, 8/01/26 (AMT) | 8/21 at 100.00 | B+ | 203,290 | ||
830 | 5.000%, 8/01/31 (AMT) | 8/21 at 100.00 | B+ | 842,193 | ||
30 | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Series 2020, 5.375%, 8/01/36 (AMT) | 8/30 at 100.00 | B+ | 34,122 | ||
85 | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Series 2020A, 5.000%, 12/01/37 (AMT) | 12/30 at 100.00 | Baa1 | 106,849 | ||
100 | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Series 2020C, 5.000%, 12/01/37 | 12/30 at 100.00 | Baa1 | 128,280 | ||
New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018: | ||||||
700 | 5.000%, 1/01/28 (AMT) | No Opt. Call | Baa3 | 850,584 | ||
300 | 5.000%, 1/01/31 (AMT) | 1/28 at 100.00 | Baa3 | 358,863 | ||
1,000 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Ninety-Fourth Series 2015, 5.250%, 10/15/55 | 10/25 at 100.00 | Aa3 | 1,163,510 | ||
1,500 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Eleventh Series 2018, 5.000%, 9/01/48 | 9/28 at 100.00 | Aa3 | 1,856,295 | ||
1,000 | Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Refunding Series 2017B, 5.000%, 11/15/36 | 5/27 at 100.00 | AA- | 1,235,390 | ||
1,095 | Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Series 2017A, 5.000%, 11/15/47 | 5/27 at 100.00 | AA- | 1,325,497 | ||
8,970 | Total Transportation | 10,421,660 | ||||
U.S. Guaranteed – 8.5% (5) | ||||||
1,240 | Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A, 5.750%, 2/15/47 (Pre-refunded 2/15/21) | 2/21 at 100.00 | Aa3 | 1,247,762 | ||
400 | Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 5.000%, 5/01/38 (Pre-refunded 5/01/21) | 5/21 at 100.00 | A | 406,364 | ||
2,000 | Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of Rochester Project, Series 2011B, 5.000%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | AA- | 2,047,980 | ||
1,005 | New York City Trust for Cultural Resources, New York, Revenue Bonds, Wildlife Conservation Society, Series 2014A, 5.000%, 8/01/32 (Pre-refunded 8/01/23) | 8/23 at 100.00 | A+ | 1,128,706 | ||
4,645 | Total U.S. Guaranteed | 4,830,812 | ||||
Utilities – 17.0% | ||||||
200 | Buffalo Municipal Water Finance Authority, New York, Water System Revenue Bonds, Refunding Series 2015A, 5.000%, 7/01/29 | 7/25 at 100.00 | A+ | 237,754 |
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Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utilities (continued) | ||||||
$35 | Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34 | 10/22 at 100.00 | BBB | $36,815 | ||
50 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A, 5.000%, 9/01/44 | 9/24 at 100.00 | A | 56,820 | ||
180 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2017, 5.000%, 9/01/47 | 9/27 at 100.00 | A | 220,370 | ||
3,000 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2018 Series EE, 5.000%, 6/15/40 | 12/27 at 100.00 | AA+ | 3,809,490 | ||
1,000 | New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects-Second Resolution Bonds,, 5.000%, 6/15/42 | 6/27 at 100.00 | AAA | 1,254,220 | ||
150 | Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue Refunding Bonds, Covanta Energy Project, Series 2018A, 4.750%, 11/01/42 (AMT), 144A | 7/23 at 100.00 | B1 | 155,120 | ||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A: | ||||||
25 | 5.500%, 7/01/28 | 7/22 at 100.00 | CCC | 26,531 | ||
100 | 5.750%, 7/01/37 | 7/22 at 100.00 | CCC | 106,375 | ||
80 | 6.000%, 7/01/47 | 7/22 at 100.00 | CCC | 85,300 | ||
1,365 | Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2013TE, 5.000%, 12/15/41 | 12/23 at 100.00 | AAA | 1,532,799 | ||
1,750 | Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2016B, 5.000%, 12/15/35 | 6/26 at 100.00 | AAA | 2,137,765 | ||
7,935 | Total Utilities | 9,659,359 | ||||
$48,350 | Total Long-Term Investments (cost $50,983,834) | 55,338,702 | ||||
Other Assets Less Liabilities – 2.5% | 1,415,239 | |||||
Net Assets Applicable to Common Shares – 100% | $56,753,941 |
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.
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NXN | Nuveen New York Select Tax-Free Income Portfolio (continued) |
Portfolio of Investments December 31, 2020 | |
(Unaudited) |
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 | $ — | $55,338,702 | $ — | $55,338,702 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(4) | Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. | |
(5) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
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 | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
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