NXR
Nuveen Select Tax-Free Income
Portfolio 3
Portfolio of Investments December 31, 2020
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 98.6% | ||||||
MUNICIPAL BONDS – 98.2% | ||||||
Alabama – 0.6% | ||||||
$1,170 | Birmingham, Alabama, General Obligation Convertable Capital Appriciation Bonds, Series 2013A, 5.000%, 3/01/32 (Pre-refunded 3/01/23) | 3/23 at 100.00 | AA (4) | $1,291,809 | ||
Alaska – 1.2% | ||||||
2,675 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/32 | 1/21 at 100.00 | B3 | 2,714,537 | ||
Arizona – 1.8% | ||||||
1,950 | Glendale Municipal Property Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate Series 2012C, 4.000%, 7/01/38 | 1/23 at 100.00 | AA | 2,062,866 | ||
75 | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise Schools Projects, Series 2016, 2.875%, 7/01/21, 144A | No Opt. Call | BB+ | 75,332 | ||
1,000 | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019A, 5.000%, 7/01/49 | 7/29 at 100.00 | A1 | 1,242,340 | ||
500 | Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A, 5.000%, 7/01/39 | 7/29 at 100.00 | A3 | 591,610 | ||
3,525 | Total Arizona | 3,972,148 | ||||
California – 24.9% | ||||||
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C: | ||||||
6,740 | 0.000%, 9/01/35 – AGM Insured (ETM) | No Opt. Call | AA (4) | 5,477,733 | ||
5,760 | 0.000%, 9/01/35 – AGM Insured | No Opt. Call | AA | 4,249,555 | ||
35 | 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+ | 40,681 | ||
50 | California Statewide Financing Authority, Tobacco Settlement Asset-Backed Bonds, Pooled Tobacco Securitization Program, Series 2002A, 5.625%, 5/01/29 | 2/21 at 100.00 | Baa1 | 50,182 | ||
2,275 | Folsom Cordova Unified School District, Sacramento County, California, General Obligation Bonds, School Facilities Improvement District 4, Series 2007A, 0.000%, 10/01/28 – NPFG Insured | No Opt. Call | AA- | 2,084,059 | ||
3,370 | Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Series 2005A, 0.000%, 6/01/28 – AMBAC Insured | No Opt. Call | Aa3 | 3,124,866 | ||
4,055 | Kern Community College District, California, General Obligation Bonds, Series 2003A, 0.000%, 3/01/28 – FGIC Insured | No Opt. Call | Aa2 | 3,749,618 | ||
1,160 | Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43 (5) | 8/35 at 100.00 | Aa1 | 1,257,278 | ||
11,985 | Norwalk La Mirada Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2002, Series 2007C, 0.000%, 8/01/32 – AGM Insured | No Opt. Call | AA | 9,910,996 |
1
NXR | Nuveen Select Tax-Free Income Portfolio 3 (continued) |
Portfolio of Investments December 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$3,000 | Palomar Pomerado Health, California, General Obligation Bonds, Capital Appreciation, Election of 2004, Series 2007A, 0.000%, 8/01/25 – NPFG Insured | No Opt. Call | A2 | $2,850,600 | ||
8,040 | Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured (ETM) | No Opt. Call | A+ (4) | 6,628,578 | ||
1,500 | Placer Union High School District, Placer County, California, General Obligation Bonds, Series 2004C, 0.000%, 8/01/32 – AGM Insured | No Opt. Call | AA | 1,233,330 | ||
8,000 | Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Election 2008 Series 2009A, 0.000%, 8/01/32 | No Opt. Call | AA- | 6,638,480 | ||
3,940 | Rancho Mirage Redevelopment Agency, California, Tax Allocation Bonds, Combined Whitewater and 1984 Project Areas, Series 2003A, 0.000%, 4/01/35 – NPFG Insured | No Opt. Call | A+ | 2,994,203 | ||
765 | San Diego Association of Governments, California, South Bay Expressway Toll Revenue Bonds, First Senior Lien Series 2017A, 5.000%, 7/01/42 | 7/27 at 100.00 | A | 893,428 | ||
535 | San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2019B, 5.000%, 7/01/38 (AMT) | 7/29 at 100.00 | A+ | 672,014 | ||
2,525 | San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, Non-WSIP, Series 2017A, 5.000%, 11/01/42 (Pre-refunded 11/01/24) | 11/24 at 100.00 | Aa2 (4) | 2,976,722 | ||
63,735 | Total California | 54,832,323 | ||||
Colorado – 2.9% | ||||||
500 | Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/22, 144A | No Opt. Call | N/R | 521,395 | ||
790 | Colorado School of Mines Board of Trustees, Golden, Colorado, Institutional Enterprise Revenue Bonds, Series 2017B, 5.000%, 12/01/47 | 12/27 at 100.00 | A+ | 936,735 | ||
1,935 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 11/15/43 | 11/23 at 100.00 | A+ | 2,120,663 | ||
1,295 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%, 9/01/32 – NPFG Insured | No Opt. Call | A | 1,064,865 | ||
490 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2020A, 5.000%, 9/01/40 | 9/24 at 100.00 | A | 558,850 | ||
1,000 | Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/33 | 12/25 at 100.00 | A | 1,171,830 | ||
6,010 | Total Colorado | 6,374,338 | ||||
Connecticut – 3.6% | ||||||
2,290 | Connecticut State, General Obligation Bonds, Refunding Series 2012E, 5.000%, 9/15/32 | 9/22 at 100.00 | A1 | 2,447,140 | ||
1,500 | Connecticut State, General Obligation Bonds, Refunding Series 2018C, 5.000%, 6/15/26 | No Opt. Call | A1 | 1,861,260 | ||
1,750 | Connecticut State, General Obligation Bonds, Series 2012B, 5.000%, 4/15/21 | No Opt. Call | A1 | 1,773,257 | ||
1,615 | Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2013A, 5.000%, 10/01/30 | 10/23 at 100.00 | A+ | 1,804,246 | ||
7,155 | Total Connecticut | 7,885,903 | ||||
District of Columbia – 1.5% | ||||||
2,500 | Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue Bonds, Series 2020A, 5.000%, 7/15/45 | 7/30 at 100.00 | AA | 3,241,100 |
2
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida – 1.3% | ||||||
$390 | Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Priority Subordinated Series 2017, 5.000%, 10/01/47 (AMT) | 10/27 at 100.00 | A1 | $462,766 | ||
2,000 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2019A, 5.000%, 10/01/49 (AMT) | 10/29 at 100.00 | A | 2,433,960 | ||
2,390 | Total Florida | 2,896,726 | ||||
Georgia – 0.5% | ||||||
1,035 | Brookhaven Development Authority, Georgia, Revenue Bonds, Children's Healthcare of Atlanta, Inc Project, Series 2019A, 4.000%, 7/01/44 | 7/29 at 100.00 | AA+ | 1,221,631 | ||
Guam – 1.5% | ||||||
1,250 | Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/39 | 11/25 at 100.00 | BB | 1,407,887 | ||
2,000 | Government of Guam, Hotel Occupancy Tax Revenue Bonds, Series 2011A, 6.125%, 11/01/31 | 5/21 at 100.00 | BB | 2,016,100 | ||
3,250 | Total Guam | 3,423,987 | ||||
Hawaii – 0.1% | ||||||
190 | Hawaii State, Harbor System Revenue Bonds, Series 2020A, 4.000%, 7/01/35 (AMT) | 7/30 at 100.00 | Aa3 | 226,706 | ||
Idaho – 1.5% | ||||||
3,000 | Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2014A, 5.000%, 3/01/44 | 3/24 at 100.00 | A- | 3,312,120 | ||
Illinois – 9.3% | ||||||
575 | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46 | 4/27 at 100.00 | A- | 682,502 | ||
295 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017C, 5.000%, 12/01/30 | 12/27 at 100.00 | BB | 339,421 | ||
3,900 | Chicago Board of Education, Illinois, General Obligation Bonds, Series 1999A, 0.000%, 12/01/28 – FGIC Insured | No Opt. Call | Baa2 | 3,137,043 | ||
260 | Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A, 6.000%, 7/01/43 | 7/23 at 100.00 | A- | 287,313 | ||
655 | Illinois Health Facilities Authority, Revenue Bonds, Evangelical Hospitals Corporation, Series 1992C, 6.250%, 4/15/22 (ETM) | 2/21 at 100.00 | N/R (4) | 684,233 | ||
2,060 | Illinois State, General Obligation Bonds, Refunding September Series 2018B, 5.000%, 10/01/23 | No Opt. Call | BBB- | 2,245,544 | ||
1,000 | Kankakee & Will Counties Community Unit School District 5, Illinois, General Obligation Bonds, Series 2006, 0.000%, 5/01/23 – AGM Insured | No Opt. Call | Aa3 | 983,110 | ||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A: | ||||||
2,500 | 0.000%, 12/15/30 – NPFG Insured | No Opt. Call | BBB | 2,004,900 | ||
4,775 | 0.000%, 12/15/31 – NPFG Insured | No Opt. Call | BBB | 3,699,097 | ||
5,000 | 0.000%, 12/15/36 – NPFG Insured | No Opt. Call | BBB | 3,232,100 | ||
2,000 | 0.000%, 6/15/37 – NPFG Insured | No Opt. Call | BBB | 1,265,260 | ||
1,400 | Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015, 5.000%, 3/01/28 | 3/25 at 100.00 | A | 1,642,788 |
3
NXR | Nuveen Select Tax-Free Income Portfolio 3 (continued) |
Portfolio of Investments December 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$310 | University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013, 6.000%, 10/01/42 | 10/23 at 100.00 | A- | $340,888 | ||
24,730 | Total Illinois | 20,544,199 | ||||
Indiana – 1.8% | ||||||
1,450 | Indiana Finance Authority, Hospital Revenue Bonds, Marion General Hospital Project, Series 2020A, 4.000%, 7/01/40 | 7/30 at 100.00 | A | 1,647,954 | ||
1,250 | Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2015A, 5.000%, 10/01/45 | 10/24 at 100.00 | AA | 1,432,250 | ||
1,000 | Zionsville Community Schools Building Corporation, Boone County, Indiana, First Mortgage Bonds, Series 2005Z, 0.000%, 7/15/28 – AGM Insured | No Opt. Call | AA | 919,710 | ||
3,700 | Total Indiana | 3,999,914 | ||||
Iowa – 1.0% | ||||||
570 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/26, 144A | 2/21 at 103.00 | BB- | 588,098 | ||
660 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018B, 5.250%, 12/01/50 (Mandatory Put 12/01/37) | 12/22 at 105.00 | BB- | 719,512 | ||
950 | Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34 | 2/21 at 100.00 | B- | 962,872 | ||
2,180 | Total Iowa | 2,270,482 | ||||
Massachusetts – 6.9% | ||||||
2,230 | Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2016BB-1, 5.000%, 10/01/46 | 10/26 at 100.00 | AA- | 2,623,171 | ||
1,000 | Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Refunding Series 2016-I, 5.000%, 7/01/21 | No Opt. Call | A | 1,021,990 | ||
1,300 | Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E, 5.000%, 11/01/43 | 11/23 at 100.00 | A | 1,420,601 | ||
2,250 | Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System, Series 2014M-4, 5.000%, 7/01/44 (Pre-refunded 7/01/23) | 7/23 at 100.00 | AA- (4) | 2,517,390 | ||
2,200 | Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Subordinated Series 2019A, 5.000%, 2/15/49 | 2/26 at 100.00 | AA+ | 2,627,856 | ||
2,180 | Massachusetts Water Resources Authority, General Revenue Bonds, Refunding Green Series 2016C, 5.000%, 8/01/40 | 8/26 at 100.00 | AA+ | 2,665,093 | ||
1,000 | Newburyport, Massachusetts, General Obligation Bonds, Municipal Purpose Loan, Refunding Series 2013, 4.000%, 1/15/30 | 1/23 at 100.00 | AAA | 1,067,670 | ||
University of Massachusetts Building Authority, Project Revenue Bonds, Senior Series 2014-1: | ||||||
210 | 5.000%, 11/01/39 (Pre-refunded 11/01/24) | 11/24 at 100.00 | N/R (4) | 247,834 | ||
955 | 5.000%, 11/01/39 (Pre-refunded 11/01/24) | 11/24 at 100.00 | Aa2 (4) | 1,100,676 | ||
13,325 | Total Massachusetts | 15,292,281 | ||||
Michigan – 1.3% | ||||||
355 | Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds, Refunding Senior Lien Series 2012A, 5.250%, 7/01/39 (Pre-refunded 7/01/22) | 7/22 at 100.00 | AA- (4) | 381,973 |
4
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan (continued) | ||||||
$2,000 | Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2016-I, 5.000%, 4/15/35 | 10/26 at 100.00 | Aa2 | $2,449,760 | ||
2,355 | Total Michigan | 2,831,733 | ||||
Nebraska – 1.6% | ||||||
250 | Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018, 5.000%, 7/01/26 | 7/25 at 100.00 | BBB | 293,505 | ||
2,600 | Nebraska Public Power District, General Revenue Bonds, Series 2015A-2, 5.000%, 1/01/40 | 1/22 at 100.00 | A+ | 2,704,026 | ||
500 | Platte County School District 001, Columbus Public Schools, Nebraska, General Obligation Bonds, School Building Series 2014, 5.000%, 12/15/39 (Pre-refunded 6/15/24) | 6/24 at 100.00 | Aa2 (4) | 581,590 | ||
3,350 | Total Nebraska | 3,579,121 | ||||
Nevada – 0.2% | ||||||
445 | Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series 2017A, 5.000%, 9/01/37 | 9/27 at 100.00 | A- | 528,664 | ||
New Hampshire – 0.5% | ||||||
1,000 | New Hampshire Business Finance Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc Project, Series 2003, 3.125%, 8/01/24 (AMT) | No Opt. Call | A- | 1,091,330 | ||
New Jersey – 3.0% | ||||||
1,850 | New Jersey Economic Development Authority, Revenue Bonds, New Jersey Transit Corporation Projects Sublease, Refunding Series 2017B, 5.000%, 11/01/23 | No Opt. Call | Baa1 | 2,071,889 | ||
305 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/28 – AGM Insured | 7/25 at 100.00 | AA | 355,615 | ||
4,900 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C, 0.000%, 12/15/28 – AMBAC Insured | No Opt. Call | Baa1 | 4,254,180 | ||
7,055 | Total New Jersey | 6,681,684 | ||||
New Mexico – 0.5% | ||||||
1,000 | New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series 2007A, 5.250%, 9/01/42 (AMT) | 1/21 at 100.00 | N/R | 1,009,480 | ||
New York – 1.3% | ||||||
1,250 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2012F, 5.000%, 11/15/26 | 11/22 at 100.00 | A3 | 1,322,012 | ||
1,260 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2015 Series HH, 5.000%, 6/15/37 | 6/25 at 100.00 | AA+ | 1,498,619 | ||
2,510 | Total New York | 2,820,631 | ||||
Ohio – 2.8% | ||||||
130 | 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+ | 148,122 |
5
NXR | Nuveen Select Tax-Free Income Portfolio 3 (continued) |
Portfolio of Investments December 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$360 | 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 | $407,574 | ||
3,720 | Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien Series 2007A-3, 6.250%, 6/01/37 (Pre-refunded 6/01/22) | 6/22 at 100.00 | N/R (4) | 4,036,833 | ||
1,475 | Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series 2013A-1, 5.000%, 2/15/48 (Pre-refunded 2/15/23) | 2/23 at 100.00 | Aa3 (4) | 1,624,078 | ||
1,000 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2005B, 4.000%, 1/01/34 (6) | No Opt. Call | N/R | 1,250 | ||
6,685 | Total Ohio | 6,217,857 | ||||
Oklahoma – 0.2% | ||||||
345 | Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B, 5.000%, 8/15/38 | 8/28 at 100.00 | Baa3 | 410,857 | ||
Oregon – 1.5% | ||||||
490 | Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A, 4.000%, 5/15/22 | No Opt. Call | N/R | 502,353 | ||
545 | Oregon Facilities Authority, Revenue Bonds, Reed College, Series 2017A, 4.000%, 7/01/41 | 7/27 at 100.00 | Aa2 | 628,369 | ||
1,000 | Oregon Facilities Authority, Revenue Bonds, Willamette University, Refunding Series 2016B, 5.000%, 10/01/40 | 10/26 at 100.00 | A- | 1,139,560 | ||
750 | Washington and Clackamas Counties School District 23J Tigard-Tualatin, Oregon, General Obligation Bonds, Series 2017, 5.000%, 6/15/30 | 6/27 at 100.00 | AA+ | 952,792 | ||
2,785 | Total Oregon | 3,223,074 | ||||
Pennsylvania – 4.3% | ||||||
1,015 | Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2013, 5.000%, 1/01/37 | 1/24 at 100.00 | A+ | 1,130,121 | ||
2,500 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, State System of Higher Education, Refunding Series 2016AT-1, 5.000%, 6/15/31 | 6/26 at 100.00 | Aa3 | 3,005,950 | ||
4,455 | Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2015A, 5.000%, 7/01/40 | 7/24 at 100.00 | A+ | 5,026,042 | ||
210 | Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, First Lien Series 2020B, 3.000%, 9/01/40 – AGM Insured | 9/30 at 100.00 | AA | 234,610 | ||
8,180 | Total Pennsylvania | 9,396,723 | ||||
Puerto Rico – 2.4% | ||||||
945 | Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%, 7/01/31 – AMBAC Insured | No Opt. Call | C | 1,041,409 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
1,050 | 4.750%, 7/01/53 | 7/28 at 100.00 | N/R | 1,156,533 | ||
750 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 837,675 |
6
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Puerto Rico (continued) | ||||||
$2,000 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2, 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | $2,172,280 | ||
4,745 | Total Puerto Rico | 5,207,897 | ||||
South Carolina – 0.6% | ||||||
1,270 | South Carolina Transportation Infrastructure Bank, Revenue Bonds, Refunding Series 2015A, 2.900%, 10/01/25 | 10/24 at 100.00 | Aa3 | 1,361,072 | ||
South Dakota – 0.2% | ||||||
400 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2015, 5.000%, 11/01/35 | 11/25 at 100.00 | A+ | 472,992 | ||
Tennessee – 0.4% | ||||||
795 | Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23) | 1/23 at 100.00 | BBB+ (4) | 872,974 | ||
Texas – 9.0% | ||||||
85 | Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A, 5.000%, 1/01/34 | 7/25 at 100.00 | A- | 98,648 | ||
4,640 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Frst Tier Series 2013A, 5.500%, 4/01/53 (Pre-refunded 10/01/23) | 10/23 at 100.00 | A+ (4) | 5,308,624 | ||
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H: | ||||||
1,405 | 0.000%, 11/15/32 – NPFG Insured | 11/31 at 94.05 | Baa2 | 926,724 | ||
2,510 | 0.000%, 11/15/36 – NPFG Insured | 11/31 at 73.51 | Baa2 | 1,279,196 | ||
2,235 | Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3, 0.000%, 11/15/32 – NPFG Insured | 11/24 at 62.71 | Baa2 | 1,249,298 | ||
Harris County-Houston Sports Authority, Texas, Special Revenue Bonds, Refunding Senior Lien Series 2001A: | ||||||
3,045 | 0.000%, 11/15/34 – NPFG Insured | 11/30 at 78.27 | AA | 1,837,779 | ||
4,095 | 0.000%, 11/15/38 – NPFG Insured | 11/30 at 61.17 | AA | 1,912,406 | ||
2,255 | Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company, Series 2010, 5.250%, 11/01/40 | 2/21 at 100.00 | Baa1 | 2,264,020 | ||
125 | Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT) | 10/21 at 105.00 | BB- | 132,920 | ||
290 | North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital Appreciation Series 2008I, 6.200%, 1/01/42 – AGC Insured | 1/25 at 100.00 | AA | 344,813 | ||
2,000 | Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series 2012, 5.000%, 12/15/32 | 12/22 at 100.00 | A3 | 2,136,400 | ||
2,410 | Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series 2002A, 0.000%, 8/15/25 – AMBAC Insured | No Opt. Call | A | 2,310,009 | ||
25,095 | Total Texas | 19,800,837 | ||||
Virginia – 3.0% | ||||||
3,500 | Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital Appreciation Series 2012B, 0.000%, 7/15/32 (5) | 7/28 at 100.00 | BBB+ | 3,695,230 |
7
NXR | Nuveen Select Tax-Free Income Portfolio 3 (continued) |
Portfolio of Investments December 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$765 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 4.000%, 10/01/44 | 10/29 at 100.00 | A- | $868,734 | ||
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012: | ||||||
410 | 6.000%, 1/01/37 (AMT) | 7/22 at 100.00 | BBB | 437,126 | ||
1,510 | 5.500%, 1/01/42 (AMT) | 7/22 at 100.00 | BBB | 1,582,087 | ||
6,185 | Total Virginia | 6,583,177 | ||||
Washington – 4.4% | ||||||
205 | Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019, 5.000%, 4/01/44 (AMT) | 4/29 at 100.00 | AA- | 250,475 | ||
1,600 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 5.000%, 8/01/44 | 8/29 at 100.00 | BBB+ | 1,961,888 | ||
4,000 | Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services, Refunding Series 2012A, 5.000%, 10/01/32 | 10/22 at 100.00 | AA- | 4,272,000 | ||
1,000 | Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018, 5.000%, 7/01/58 | 7/28 at 100.00 | BBB+ | 1,166,460 | ||
1,725 | Washington State, General Obligation Bonds, Various Purpose Series 2015B, 5.000%, 2/01/37 | 2/25 at 100.00 | Aaa | 2,018,371 | ||
8,530 | Total Washington | 9,669,194 | ||||
Wisconsin – 0.6% | ||||||
1,250 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2012B, 5.000%, 2/15/32 | 2/22 at 100.00 | A- | 1,300,838 | ||
$224,550 | Total Municipal Bonds (cost $177,434,411) | 216,560,339 |
Shares | Description (1) | Value | ||||
COMMON STOCKS – 0.4% | ||||||
Electric Utilities – 0.4% | ||||||
32,258 | Energy Harbor Corp (7), (8), (9) | $829,031 | ||||
Total Common Stocks (cost $899,914) | 829,031 | |||||
Total Long-Term Investments (cost $178,334,325) | 217,389,370 |
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Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 0.4% | ||||||
MUNICIPAL BONDS – 0.4% | ||||||
Florida – 0.4% | ||||||
$1,040 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project, Variable Rate Demand Obligations, Series 2019A, 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A (10) | 3/21 at 103.00 | N/R | $1,020,365 | ||
$1,040 | Total Short-Term Investments (cost $1,040,000) | 1,020,365 | ||||
Total Investments (cost $179,374,325) – 99.0% | 218,409,735 | |||||
Other Assets Less Liabilities – 1.0% | 2,132,271 | |||||
Net Assets Applicable to Common Shares – 100% | $220,542,006 |
Part F of Form N-PORT was prepared
in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”)
related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial
statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the
Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities
are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring
a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of
observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants
would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the
assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered
hierarchy of valuation input levels.
Level 1
– Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the
market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $216,560,339 | $ — | $216,560,339 |
Common Stocks | — | 829,031 | — | 829,031 |
Short-Term Investments: | ||||
Municipal Bonds | — | 1,020,365 | — | 1,020,365 |
Total | $ — | $218,409,735 | $ — | $218,409,735 |
9
NXR | Nuveen Select Tax-Free Income Portfolio 3 (continued) |
Portfolio of Investments December 31, 2020 | |
(Unaudited) |
(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) | 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. | |
(5) | 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. | |
(6) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(7) | Common Stock received as part of the bankruptcy settlement for Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2005B, 0.000%, 1/01/34. | |
(8) | For fair value measurement disclosure purposes, investment classified as Level 2. | |
(9) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(10) | Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
ETM | Escrowed to maturity |
10