NMY
Nuveen Maryland Quality
Municipal Income Fund
Portfolio of Investments February 29, 2020
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 156.7% (100.0% of Total Investments) | ||||||
MUNICIPAL BONDS – 156.7% (100.0% of Total Investments) | ||||||
Consumer Discretionary – 3.4% (2.2% of Total Investments) | ||||||
$9,215 | Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017, 5.000%, 9/01/46 | 9/27 at 100.00 | BBB- | $10,945,577 | ||
2,000 | Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference Center, Series 2006A, 5.000%, 12/01/31 (4) | 3/20 at 100.00 | N/R | 1,390,000 | ||
11,215 | Total Consumer Discretionary | 12,335,577 | ||||
Consumer Staples – 5.5% (3.5% of Total Investments) | ||||||
1,885 | 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 | 2,131,709 | ||
3,270 | Children's Trust Fund, Puerto Rico, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2002, 5.500%, 5/15/39 | 3/20 at 100.00 | Ba1 | 3,368,166 | ||
13,000 | District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 0.000%, 6/15/46 | 3/20 at 19.93 | N/R | 2,579,330 | ||
Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A: | ||||||
1,940 | 5.250%, 6/01/32 | 3/20 at 100.00 | N/R | 1,940,291 | ||
2,915 | 5.625%, 6/01/47 | 3/20 at 100.00 | N/R | 2,915,321 | ||
1,815 | New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, Series 2016A-1, 5.625%, 6/01/35 | No Opt. Call | BBB | 1,982,942 | ||
100 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/46 | 3/20 at 100.00 | B3 | 100,555 | ||
1,405 | Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A, 5.000%, 6/01/46 | 6/28 at 100.00 | BBB+ | 1,711,922 | ||
450 | Tobacco Settlement Financing Corporation, Virgin Islands, Tobacco Settlement Asset-Backed Bonds, Series 2001, 5.000%, 5/15/31 | 3/20 at 100.00 | A3 | 451,076 | ||
2,850 | TSASC Inc, New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/45 | 6/27 at 100.00 | CCC+ | 2,987,341 | ||
29,630 | Total Consumer Staples | 20,168,653 | ||||
Education and Civic Organizations – 9.3% (6.0% of Total Investments) | ||||||
Frederick County, Maryland, Educational Facilities Revenue Bonds, Mount Saint Mary's University Inc, Series 2017A: | ||||||
1,500 | 5.000%, 9/01/37, 144A | 9/27 at 100.00 | BB+ | 1,744,770 | ||
3,250 | 5.000%, 9/01/45, 144A | 9/27 at 100.00 | BB+ | 3,727,977 | ||
700 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College, Series 2012A, 5.000%, 7/01/34 | 7/22 at 100.00 | A- | 759,199 |
1
NMY | Nuveen Maryland Quality Municipal Income Fund (continued) |
Portfolio of Investments February 29, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College, Series 2017A: | ||||||
$1,100 | 5.000%, 7/01/37 | 7/27 at 100.00 | A- | $1,331,242 | ||
1,200 | 5.000%, 7/01/44 | 7/27 at 100.00 | A- | 1,433,088 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Green Street Academy, Series 2017A: | ||||||
265 | 5.125%, 7/01/37, 144A | 7/27 at 100.00 | N/R | 289,030 | ||
500 | 5.250%, 7/01/47, 144A | 7/27 at 100.00 | N/R | 541,300 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins University, Series 2012A: | ||||||
1,145 | 5.000%, 7/01/30 | 7/22 at 100.00 | AA+ | 1,251,245 | ||
1,050 | 5.000%, 7/01/37 | 7/22 at 100.00 | AA+ | 1,145,141 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins University, Series 2013B: | ||||||
500 | 5.000%, 7/01/38 | 7/23 at 100.00 | AA+ | 560,205 | ||
4,375 | 4.250%, 7/01/41 | 7/23 at 100.00 | AA+ | 4,776,406 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola University Maryland, Series 2014: | ||||||
1,000 | 4.000%, 10/01/45 | 10/24 at 100.00 | A | 1,084,440 | ||
1,250 | 5.000%, 10/01/45 | 10/24 at 100.00 | A | 1,451,412 | ||
1,210 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola University Maryland, Series 2019A, 5.000%, 10/01/49 | 10/29 at 100.00 | A | 1,545,085 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute College of Art, Series 2012: | ||||||
1,500 | 5.000%, 6/01/34 | 6/22 at 100.00 | Baa1 | 1,621,050 | ||
3,000 | 5.000%, 6/01/47 | 6/22 at 100.00 | Baa1 | 3,217,530 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute College of Art, Series 2016: | ||||||
175 | 5.000%, 6/01/36 | 6/26 at 100.00 | Baa1 | 209,265 | ||
2,500 | 4.000%, 6/01/42 | 6/26 at 100.00 | Baa1 | 2,775,575 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute College of Art, Series 2017: | ||||||
525 | 5.000%, 6/01/35 | 6/26 at 100.00 | Baa1 | 628,845 | ||
1,000 | 5.000%, 6/01/42 | 6/26 at 100.00 | Baa1 | 1,182,580 | ||
625 | Morgan State University, Maryland, Student Tuition and Fee Revenue Bonds, Academic Fees and Auxiliary Facilities, Refunding Series 2012, 5.000%, 7/01/29 | 7/22 at 100.00 | A+ | 679,969 | ||
2,115 | Morgan State University, Maryland, Student Tuition and Fee Revenue Refunding Bonds, Academic Fees and Auxiliary Facilities, Series 1993, 6.100%, 7/01/20 – NPFG Insured | No Opt. Call | A+ | 2,149,094 | ||
30,485 | Total Education and Civic Organizations | 34,104,448 | ||||
Energy – 1.3% (0.8% of Total Investments) | ||||||
4,560 | Maryland Economic Development Corporation, Port Facilities Revenue Bonds, CNX Marine Terminals Inc Port of Baltimore Facility, Refunding Series 2010, 5.750%, 9/01/25 | 9/20 at 100.00 | BB- | 4,650,106 |
2
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care – 30.0% (19.1% of Total Investments) | ||||||
Maryland Health and Higher Educational Facilities Authority, Maryland, Hospital Revenue Bonds, Meritus Medical Center, Series 2015: | ||||||
$990 | 4.000%, 7/01/32 | 7/25 at 100.00 | A- | $1,096,851 | ||
2,470 | 4.250%, 7/01/35 | 7/25 at 100.00 | A- | 2,755,408 | ||
1,740 | 5.000%, 7/01/45 | 7/25 at 100.00 | A- | 2,017,443 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds Doctors Community Hospital, Series 2017B: | ||||||
250 | 5.000%, 7/01/34 | 7/27 at 100.00 | Baa3 | 296,215 | ||
4,820 | 5.000%, 7/01/38 | 7/27 at 100.00 | Baa3 | 5,641,906 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Center, Series 2016A: | ||||||
90 | 5.000%, 7/01/36 | 7/26 at 100.00 | BBB+ | 106,998 | ||
1,450 | 5.000%, 7/01/38 | 7/26 at 100.00 | BBB+ | 1,716,423 | ||
585 | 4.000%, 7/01/42 | 7/26 at 100.00 | BBB+ | 640,762 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2011A: | ||||||
1,350 | 6.250%, 1/01/31 | 1/22 at 100.00 | Baa3 | 1,474,970 | ||
375 | 6.125%, 1/01/36 | 1/22 at 100.00 | Baa3 | 407,209 | ||
3,270 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2016A, 5.500%, 1/01/46 | 1/27 at 100.00 | Baa3 | 3,984,953 | ||
1,355 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Anne Arundel Health System Issue, Series 2012, 5.000%, 7/01/24 | 7/22 at 100.00 | A | 1,481,394 | ||
2,000 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Calvert Health System Issue, Refunding Series 2013, 5.000%, 7/01/38 | 7/23 at 100.00 | AA- | 2,207,760 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Carroll Hospital Center, Series 2012A: | ||||||
1,000 | 4.000%, 7/01/30 | 7/22 at 100.00 | A1 | 1,064,330 | ||
1,775 | 5.000%, 7/01/37 | 7/22 at 100.00 | A1 | 1,908,977 | ||
4,335 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick Memorial Hospital Issue, Series 2012A, 4.250%, 7/01/32 | 7/22 at 100.00 | A- | 4,556,475 | ||
2,500 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins Health System Issue, Series 2015A, 4.000%, 5/15/40 | 5/25 at 100.00 | Aa2 | 2,790,200 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins Health System Obligated Group Issue, Series 2011A: | ||||||
500 | 5.000%, 5/15/25 | 5/21 at 100.00 | Aa2 | 525,520 | ||
500 | 5.000%, 5/15/26 | 5/21 at 100.00 | Aa2 | 525,520 | ||
2,000 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health Issue, Series 2016, 5.000%, 7/01/47 | 7/26 at 100.00 | A+ | 2,409,780 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health Issue, Series 2017: | ||||||
1,000 | 5.000%, 7/01/33 | 7/27 at 100.00 | A+ | 1,254,400 | ||
500 | 4.000%, 7/01/42 | 7/27 at 100.00 | A+ | 574,130 | ||
1,000 | 5.000%, 7/01/44 | 7/27 at 100.00 | A+ | 1,235,500 |
3
NMY | Nuveen Maryland Quality Municipal Income Fund (continued) |
Portfolio of Investments February 29, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health System, Series 2015: | ||||||
$1,500 | 4.000%, 7/01/35 | 7/25 at 100.00 | A+ | $1,687,605 | ||
1,125 | 5.000%, 7/01/40 | 7/25 at 100.00 | A+ | 1,334,475 | ||
2,975 | 4.125%, 7/01/47 | 7/25 at 100.00 | A+ | 3,311,413 | ||
2,500 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health Issue, Series 2015, 5.000%, 8/15/38 | 2/25 at 100.00 | A | 2,898,125 | ||
6,000 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health Issue, Series 2017A, 5.000%, 5/15/42 | 5/27 at 100.00 | A | 7,293,120 | ||
2,850 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Cente, Series 2011, 5.000%, 7/01/31 | 7/22 at 100.00 | BBB+ | 3,081,705 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional Medical Center Issue, Refunding Series 2015: | ||||||
1,000 | 5.000%, 7/01/39 | 7/24 at 100.00 | A | 1,151,400 | ||
5,500 | 5.000%, 7/01/45 | 7/24 at 100.00 | A | 6,290,295 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Trinity Health Credit Group, Series 2017MD: | ||||||
1,000 | 5.000%, 12/01/46 | 6/27 at 100.00 | AA- | 1,228,180 | ||
3,260 | 5.000%, 12/01/46 (UB) (5) | 6/27 at 100.00 | AA- | 4,003,867 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2013A: | ||||||
4,665 | 4.000%, 7/01/43 | 7/22 at 100.00 | A | 4,919,056 | ||
11,500 | 5.000%, 7/01/43 | 7/22 at 100.00 | A | 12,362,500 | ||
1,000 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2015, 5.000%, 7/01/35 | 7/25 at 100.00 | A | 1,172,660 | ||
5,500 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2017B, 5.000%, 7/01/39 | 7/27 at 100.00 | A | 6,676,395 | ||
2,000 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Taxable Series 2017D, 4.000%, 7/01/48 | 1/28 at 100.00 | A | 2,247,080 | ||
Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Series 2015: | ||||||
6,000 | 4.000%, 12/01/44 | 6/25 at 100.00 | AA- | 6,714,240 | ||
2,000 | 5.000%, 12/01/44 (UB) (5) | 6/25 at 100.00 | AA- | 2,351,440 | ||
96,230 | Total Health Care | 109,396,680 | ||||
Housing/Multifamily – 8.3% (5.3% of Total Investments) | ||||||
1,905 | Anne Arundel County, Maryland, FNMA Multifamily Housing Revenue Bonds, Glenview Gardens Apartments Project, Series 2009, 5.000%, 1/01/28 (Mandatory Put 1/01/27) | 5/20 at 102.00 | AA+ | 1,948,243 | ||
Howard County Housing Commission, Maryland, Revenue Bonds, Columbia Commons Apartments, Series 2014A: | ||||||
1,500 | 4.000%, 6/01/34 | 6/24 at 100.00 | A+ | 1,618,470 | ||
1,550 | 5.000%, 6/01/44 | 6/24 at 100.00 | A+ | 1,726,142 | ||
1,860 | Howard County Housing Commission, Maryland, Revenue Bonds, Gateway Village Apartments, Series 2016, 4.000%, 6/01/46 | 6/26 at 100.00 | A+ | 2,032,943 |
4
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Housing/Multifamily (continued) | ||||||
Howard County Housing Commission, Maryland, Revenue Bonds, The Verona at Oakland Mills Project, Series 2013: | ||||||
$3,000 | 5.000%, 10/01/28 | 10/23 at 100.00 | A+ | $3,372,360 | ||
2,000 | 4.625%, 10/01/28 | 10/23 at 100.00 | A+ | 2,217,740 | ||
1,000 | Howard County Housing Commission, Maryland, Revenue Bonds, Woodfield Oxford Square Apartments, Series 2017, 5.000%, 12/01/42 | 12/27 at 100.00 | A+ | 1,203,900 | ||
1,195 | Maryland Community Development Administration Department of Housing and Community Development, Housing Revenue Bonds, Series 2014D, 3.900%, 7/01/40 | 1/24 at 100.00 | AA+ | 1,265,804 | ||
680 | Maryland Community Development Administration Department of Housing and Community Development, Housing Revenue Bonds, Series 2017C, 3.550%, 7/01/42 | 1/27 at 100.00 | AA+ | 732,578 | ||
1,000 | Maryland Community Development Administration, Department of Housing and Community Development, Multifamily Development Revenue Bonds, Marlborough Apartments, Series 2014I, 3.450%, 12/15/31 | 12/24 at 100.00 | Aaa | 1,070,700 | ||
Maryland Economic Development Corporation, Senior Student Housing Revenue Bonds, Towson University Project, Refunding Series 2017: | ||||||
1,100 | 5.000%, 7/01/36 | 7/27 at 100.00 | BBB | 1,326,732 | ||
470 | 5.000%, 7/01/37 | 7/21 at 100.00 | BBB | 491,907 | ||
Maryland Economic Development Corporation, Student Housing Revenue Bonds, Salisbury University Project, Refunding Series 2013: | ||||||
500 | 5.000%, 6/01/27 | 6/23 at 100.00 | Baa3 | 556,675 | ||
500 | 5.000%, 6/01/34 | 6/23 at 100.00 | Baa3 | 551,405 | ||
1,510 | Maryland Economic Development Corporation, Student Housing Revenue Bonds, Sheppard Pratt University Village, Series 2012, 5.000%, 7/01/33 | 7/22 at 100.00 | BBB- | 1,627,085 | ||
495 | Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland - Baltimore Project, Refunding Senior Lien Series 2015, 5.000%, 7/01/39 | 7/25 at 100.00 | BBB- | 571,215 | ||
1,110 | Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland, Baltimore County Project, Refunding Series 2016, 3.600%, 7/01/35 – AGM Insured | 3/20 at 100.00 | AA | 1,111,609 | ||
Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland, College Park Project, Refunding Series 2016: | ||||||
875 | 5.000%, 6/01/30 – AGM Insured | 6/26 at 100.00 | AA | 1,070,641 | ||
240 | 5.000%, 6/01/31 – AGM Insured | 6/26 at 100.00 | AA | 294,972 | ||
2,405 | 5.000%, 6/01/35 – AGM Insured | 6/26 at 100.00 | AA | 2,917,289 | ||
780 | 5.000%, 6/01/43 – AGM Insured | 6/26 at 100.00 | AA | 941,944 | ||
1,500 | Montgomery County Housing Opportunities Commission, Maryland, Multifamily Housing Development Bonds, Series 2014A, 3.875%, 7/01/39 | 7/24 at 100.00 | Aaa | 1,603,575 | ||
27,175 | Total Housing/Multifamily | 30,253,929 | ||||
Housing/Single Family – 7.1% (4.5% of Total Investments) | ||||||
2,385 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2011B, 3.250%, 3/01/36 | 3/26 at 100.00 | Aa1 | 2,547,633 | ||
2,280 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2014A, 4.300%, 9/01/32 | 9/23 at 100.00 | Aa1 | 2,476,445 |
5
NMY | Nuveen Maryland Quality Municipal Income Fund (continued) |
Portfolio of Investments February 29, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Housing/Single Family (continued) | ||||||
Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2014C: | ||||||
$3,000 | 3.400%, 3/01/31 | 3/24 at 100.00 | Aa1 | $3,198,840 | ||
1,130 | 3.750%, 3/01/39 | 3/24 at 100.00 | Aa1 | 1,198,704 | ||
1,500 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2015A, 3.800%, 9/01/35 | 9/25 at 100.00 | Aa1 | 1,630,830 | ||
4,900 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2018A, 4.100%, 9/01/38 (UB) (5) | 9/27 at 100.00 | Aa1 | 5,565,910 | ||
1,865 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019A, 3.750%, 9/01/39 | 3/28 at 100.00 | Aa1 | 2,080,426 | ||
1,280 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019B, 3.350%, 9/01/42 | 9/28 at 100.00 | Aa1 | 1,382,861 | ||
2,000 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019C, 3.000%, 3/01/42 | 3/29 at 100.00 | Aa1 | 2,114,880 | ||
2,000 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Taxable Series 2019D, 3.350%, 7/01/49 | 7/29 at 100.00 | AA+ | 2,137,620 | ||
1,410 | Montgomery County Housing Opportunities Commission, Maryland, Single Family Mortgage Revenue Bonds, Series 2017A, 3.650%, 7/01/37 | 7/26 at 100.00 | Aa2 | 1,544,838 | ||
23,750 | Total Housing/Single Family | 25,878,987 | ||||
Long-Term Care – 8.8% (5.7% of Total Investments) | ||||||
Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2016: | ||||||
2,220 | 5.000%, 1/01/37 | 1/26 at 100.00 | A | 2,651,967 | ||
1,000 | 3.625%, 1/01/37 | 1/26 at 100.00 | A | 1,094,710 | ||
2,500 | Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2020, 4.000%, 1/01/50 | 1/27 at 103.00 | A | 2,853,500 | ||
635 | Baltimore County, Maryland, Revenue Bonds, Riderwood Village Inc Facility, Series 2020, 4.000%, 1/01/50 | 1/27 at 103.00 | A | 723,913 | ||
3,000 | Gaithersburg, Maryland, Economic Development Revenue Bonds, Asbury Methodist Obligated Group Project, Refunding Series 2018A, 5.000%, 1/01/36 | 1/24 at 104.00 | BBB | 3,461,790 | ||
1,290 | Howard County, Maryland, Retirement Community Revenue Bonds, Vantage House, Refunding Series 2016, 5.000%, 4/01/46 | 4/27 at 100.00 | N/R | 1,418,832 | ||
1,710 | Howard County, Maryland, Retirement Community Revenue Bonds, Vantage House, Refunding Series 2017, 5.000%, 4/01/36 | 4/27 at 100.00 | N/R | 1,911,558 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Charlestown Community Issue, Series 2016A: | ||||||
2,125 | 5.000%, 1/01/36 | 7/26 at 100.00 | A | 2,567,977 | ||
4,090 | 5.000%, 1/01/45 | 7/26 at 100.00 | A | 4,857,366 | ||
2,480 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Ridge Retirement Community, Series 2007, 4.750%, 7/01/34 | 3/20 at 100.00 | A | 2,484,266 | ||
1,050 | Prince George's County, Maryland, Revenue Bonds, Collington Episcopal Life Care Community Inc, Series 2017, 5.250%, 4/01/37 | 4/27 at 100.00 | N/R | 1,176,861 |
6
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care (continued) | ||||||
$1,340 | Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, Refunding Series 2017, 5.000%, 11/01/35 | 11/24 at 103.00 | BB- | $1,513,999 | ||
795 | Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, Refunding Series 2017A-2, 5.000%, 11/01/31 | 11/24 at 103.00 | BB- | 907,715 | ||
1,000 | Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, Series 2017A-1, 5.000%, 11/01/37 | 11/24 at 103.00 | BB- | 1,123,710 | ||
Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Series 2017B: | ||||||
500 | 5.000%, 11/01/42 | 11/24 at 103.00 | BB- | 557,400 | ||
1,000 | 5.000%, 11/01/47 | 11/24 at 103.00 | BB- | 1,111,540 | ||
Washington County Commissioners, Maryland, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2019B: | ||||||
1,000 | 5.000%, 1/01/29 | No Opt. Call | BBB+ | 1,266,720 | ||
500 | 5.000%, 1/01/32 | 1/29 at 100.00 | BBB+ | 620,940 | ||
28,235 | Total Long-Term Care | 32,304,764 | ||||
Tax Obligation/General – 10.7% (6.8% of Total Investments) | ||||||
5,240 | Huntington Beach Union High School District, Orange County, California, General Obligation Bonds, Series 2005, 0.000%, 8/01/30 – AGM Insured | No Opt. Call | AA | 4,414,124 | ||
3,510 | Montgomery County, Maryland, General Obligation Bonds, Refunding Consolidated Public Improvement Series 2017C, 5.000%, 10/01/21 | No Opt. Call | AAA | 3,745,240 | ||
4,930 | Patterson Joint Unified School District, Stanislaus County, California, General Obligation Bonds, 2008 Election Series 2009B, 0.000%, 8/01/42 – AGM Insured | No Opt. Call | AA | 2,900,615 | ||
Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2014A: | ||||||
3,000 | 4.000%, 9/01/30 | 9/24 at 100.00 | AAA | 3,398,970 | ||
3,000 | 4.000%, 9/01/31 | 9/24 at 100.00 | AAA | 3,394,650 | ||
14,985 | San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997 Election Series 2012G, 0.000%, 8/01/40 – AGM Insured | No Opt. Call | AA | 9,158,382 | ||
Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Second Series 2016: | ||||||
1,000 | 5.000%, 6/01/27 | 6/26 at 100.00 | AAA | 1,253,730 | ||
2,000 | 5.000%, 6/01/35 | 6/26 at 100.00 | AAA | 2,488,200 | ||
2,500 | Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Series 2017, 5.000%, 6/15/25 | No Opt. Call | AAA | 3,050,000 | ||
2,500 | Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Series 2018, 4.000%, 6/01/39 | 6/28 at 100.00 | AAA | 2,984,900 | ||
7,000 | Wylie Independent School District, Collin County, Texas, General Obligation Bonds, Capital Appreciation Series 2015, 0.000%, 8/15/50 | 8/25 at 35.55 | Aaa | 2,183,090 | ||
49,665 | Total Tax Obligation/General | 38,971,901 |
7
NMY | Nuveen Maryland Quality Municipal Income Fund (continued) |
Portfolio of Investments February 29, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited – 33.4% (21.3% of Total Investments) | ||||||
$1,000 | Anne Arundel County, Maryland, General Obligation Bonds, Consolidated General Improvement, Series 2019, 5.000%, 10/01/44 | 10/29 at 100.00 | AAA | $1,312,320 | ||
1,200 | Anne Arundel County, Maryland, Special Tax District Revenue Bonds, Villages of Dorchester & Farmington Village Projects, Series 2013, 5.000%, 7/01/32 | 7/23 at 100.00 | AA | 1,347,420 | ||
1,450 | Baltimore, Maryland, Special Obligation Bonds, Center/West Development Project, Series 2017A, 5.500%, 6/01/43 | 6/26 at 100.00 | N/R | 1,580,746 | ||
Baltimore, Maryland, Special Obligation Bonds, Consolidated Tax Increment Financing, Series 2015: | ||||||
525 | 5.000%, 6/15/30 | 6/24 at 100.00 | BBB+ | 600,311 | ||
425 | 5.000%, 6/15/33 | 6/24 at 100.00 | BBB+ | 482,094 | ||
Baltimore, Maryland, Special Obligation Bonds, East Baltimore Research Park Project, Series 2017A: | ||||||
1,270 | 4.500%, 9/01/33 | 9/27 at 100.00 | N/R | 1,420,508 | ||
240 | 5.000%, 9/01/38 | 9/27 at 100.00 | N/R | 274,774 | ||
Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series 2016: | ||||||
1,895 | 5.000%, 6/01/36 | 6/26 at 100.00 | N/R | 2,070,875 | ||
250 | 5.125%, 6/01/43 | 6/26 at 100.00 | N/R | 274,213 | ||
2,000 | Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series 2019A, 3.625%, 6/01/46, 144A | 6/29 at 100.00 | N/R | 2,092,780 | ||
350 | Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series 2019B, 3.875%, 6/01/46, 144A | 6/23 at 100.00 | N/R | 356,185 | ||
Brunswick, Frederick County, Maryland, Special Obligation Bonds, Brunswick Crossing Special Taxing District, Refunding Series 2019: | ||||||
450 | 4.000%, 7/01/29 | 1/29 at 100.00 | N/R | 492,574 | ||
740 | 5.000%, 7/01/36 | 1/29 at 100.00 | N/R | 855,869 | ||
Frederick County, Maryland, Lake Linganore Village Community Development Special Obligation Bonds, Series 2001A: | ||||||
21 | 5.600%, 7/01/20 – RAAI Insured | 3/20 at 100.00 | AA | 21,078 | ||
450 | 5.700%, 7/01/29 – RAAI Insured | 3/20 at 100.00 | AA | 451,661 | ||
370 | Frederick County, Maryland, Tax Increment and Special Tax B Limited Obligation Bonds, Oakdale-Lake Linganore Project, Series 2019, 3.750%, 7/01/39 | 7/29 at 100.00 | N/R | 389,647 | ||
Fredrick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority, Series 2010A: | ||||||
5,335 | 5.000%, 7/01/30 | 7/20 at 100.00 | A- | 5,407,236 | ||
2,345 | 5.000%, 7/01/40 | 7/20 at 100.00 | A- | 2,374,852 | ||
2,000 | Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/34 | 11/25 at 100.00 | BB | 2,334,800 | ||
Government of Guam, Business Privilege Tax Bonds, Series 2011A: | ||||||
500 | 5.000%, 1/01/31 | 1/22 at 100.00 | BB | 529,390 | ||
1,000 | 5.250%, 1/01/36 | 1/22 at 100.00 | BB | 1,064,150 |
8
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A: | ||||||
$1,000 | 5.000%, 12/01/23 | No Opt. Call | BB | $1,130,000 | ||
2,275 | 5.000%, 12/01/32 | 12/26 at 100.00 | BB | 2,729,681 | ||
1,000 | 5.000%, 12/01/33 | 12/26 at 100.00 | BB | 1,197,840 | ||
1,000 | 5.000%, 12/01/36 | 12/26 at 100.00 | BB | 1,192,000 | ||
1,175 | 5.000%, 12/01/46 | 12/26 at 100.00 | BB | 1,377,276 | ||
1,420 | Howard County, Maryland, Special Obligation Bonds, Annapolis Junction Town Center Project, Series 2014, 6.100%, 2/15/44 | 2/24 at 100.00 | N/R | 1,495,047 | ||
Howard County, Maryland, Special Obligation Bonds, Downtown Columbia Project, Series 2017A: | ||||||
1,500 | 4.125%, 2/15/34, 144A | 2/26 at 100.00 | N/R | 1,624,470 | ||
1,550 | 4.375%, 2/15/39, 144A | 2/26 at 100.00 | N/R | 1,684,695 | ||
850 | 4.500%, 2/15/47, 144A | 2/26 at 100.00 | N/R | 921,400 | ||
1,260 | Huntington Beach Union High School District, Orange County, California, Certificates of Participation, Capital Project, Series 2007, 0.000%, 9/01/35 – AGM Insured | No Opt. Call | AA | 912,933 | ||
Hyattsville, Maryland, Special Obligation Bonds, University Town Center Project, Series 2016: | ||||||
2,125 | 5.000%, 7/01/31 | 7/25 at 100.00 | N/R | 2,295,765 | ||
1,640 | 5.000%, 7/01/34 | 7/25 at 100.00 | N/R | 1,761,016 | ||
720 | Maryland Community Development Administration, Local Government Infrastructure Bonds, Subordinate Obligation Series 2019B-2, 4.000%, 6/01/49 | 6/29 at 100.00 | Aa3 | 846,598 | ||
Maryland Economic Development Corporation, Special Obligation Bonds, Metro Centre Owings Mills Project, Series 2017: | ||||||
585 | 4.375%, 7/01/36 | 1/27 at 100.00 | N/R | 632,432 | ||
355 | 4.500%, 7/01/44 | 1/27 at 100.00 | N/R | 383,769 | ||
Maryland Stadium Authority, Lease Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2016: | ||||||
4,395 | 5.000%, 5/01/33 | 5/26 at 100.00 | AA | 5,416,794 | ||
3,650 | 5.000%, 5/01/35 | 5/26 at 100.00 | AA | 4,485,886 | ||
5,100 | 5.000%, 5/01/46 (UB) (5) | 5/26 at 100.00 | AA | 6,174,519 | ||
Maryland Stadium Authority, Lease Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2018A: | ||||||
2,000 | 5.000%, 5/01/35 | 5/28 at 100.00 | AA | 2,546,320 | ||
2,000 | 5.000%, 5/01/36 (UB) (5) | 5/28 at 100.00 | AA | 2,540,940 | ||
6,250 | 5.000%, 5/01/42 (UB) (5) | 5/28 at 100.00 | AA | 7,829,312 | ||
2,000 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2009A, 0.000%, 12/15/32 | No Opt. Call | A- | 1,469,300 | ||
320 | Prince George's County Revenue Authority, Maryland, Special Obligation Bonds, Suitland-Naylor Road Project, Series 2016, 5.000%, 7/01/46, 144A | 1/26 at 100.00 | N/R | 349,898 | ||
4,500 | Prince George's County, Maryland, Certificates of Participation, University of Maryland Capital Region Medical Center, Series 2018, 5.000%, 10/01/43 (UB) (5) | 10/28 at 100.00 | AA+ | 5,679,135 | ||
5,711 | Prince George's County, Maryland, Special Obligation Bonds, National Harbor Project, Series 2005, 5.200%, 7/01/34 | 3/20 at 100.00 | N/R | 5,735,843 |
9
NMY | Nuveen Maryland Quality Municipal Income Fund (continued) |
Portfolio of Investments February 29, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
Prince George's County, Maryland, Special Obligation Bonds, Westphalia Town Center Project, Series 2018: | ||||||
$1,300 | 5.125%, 7/01/39, 144A | 7/28 at 100.00 | N/R | $1,490,372 | ||
2,200 | 5.250%, 7/01/48, 144A | 7/28 at 100.00 | N/R | 2,520,122 | ||
2,214 | Prince George's County, Maryland, Special Tax District Bonds, Victoria Falls Project, Series 2005, 5.250%, 7/01/35 | 3/20 at 100.00 | N/R | 2,238,044 | ||
1,100 | Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.500%, 7/01/29 – AMBAC Insured | No Opt. Call | C | 1,243,781 | ||
2,100 | Puerto Rico Municipal Finance Agency, Series 2002A, 5.250%, 8/01/21 – AGM Insured | 3/20 at 100.00 | AA | 2,137,716 | ||
1,100 | Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 1998A, 5.125%, 6/01/24 – AMBAC Insured | No Opt. Call | Aaa | 1,202,751 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
53 | 0.000%, 7/01/24 | No Opt. Call | N/R | 48,496 | ||
90 | 0.000%, 7/01/27 | No Opt. Call | N/R | 76,988 | ||
88 | 0.000%, 7/01/29 | 7/28 at 98.64 | N/R | 71,394 | ||
114 | 0.000%, 7/01/31 | 7/28 at 91.88 | N/R | 86,047 | ||
128 | 0.000%, 7/01/33 | 7/28 at 86.06 | N/R | 90,081 | ||
1,093 | 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 1,202,945 | ||
2,097 | 4.550%, 7/01/40 | 7/28 at 100.00 | N/R | 2,364,724 | ||
2,471 | 0.000%, 7/01/46 | 7/28 at 41.38 | N/R | 735,172 | ||
995 | 0.000%, 7/01/51 | 7/28 at 30.01 | N/R | 215,089 | ||
349 | 4.750%, 7/01/53 | 7/28 at 100.00 | N/R | 395,110 | ||
2,015 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 2,310,943 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured COFINA Project Series 2019A-2: | ||||||
2,000 | 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 2,222,800 | ||
3 | 4.536%, 7/01/53 | 7/28 at 100.00 | N/R | 3,349 | ||
50 | 4.784%, 7/01/58 | 7/28 at 100.00 | N/R | 56,513 | ||
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Refunding Series 2007CC: | ||||||
765 | 5.500%, 7/01/28 – NPFG Insured | No Opt. Call | Baa2 | 853,189 | ||
2,300 | 5.500%, 7/01/30 – AGM Insured | No Opt. Call | AA | 2,630,648 | ||
1,800 | Virgin Islands Public Finance Authority, Federal Highway Grant Anticipation Loan Note Revenue Bonds, Series 2015, 5.000%, 9/01/33, 144A | 9/25 at 100.00 | A | 2,027,970 | ||
2,000 | Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2006, 5.000%, 10/01/27 – FGIC Insured | 3/20 at 100.00 | Baa2 | 2,033,080 | ||
2,240 | Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Working Capital Series 2014A, 5.000%, 10/01/34 – AGM Insured, 144A | 10/24 at 100.00 | AA | 2,556,243 | ||
1,035 | Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien Series 2009A-1, 5.000%, 10/01/29 – AGM Insured | 3/20 at 100.00 | AA | 1,071,877 |
10
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
$1,730 | Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien, Refunding Series 2013B, 5.000%, 10/01/24 – AGM Insured | No Opt. Call | AA | $1,892,014 | ||
111,627 | Total Tax Obligation/Limited | 121,923,810 | ||||
Transportation – 13.3% (8.5% of Total Investments) | ||||||
60 | Baltimore, Maryland, Revenue Refunding Bonds, Parking System Facilities, Series 1998A, 5.250%, 7/01/21 – FGIC Insured | No Opt. Call | A1 | 62,147 | ||
125 | Guam International Airport Authority, Revenue Bonds, Series 2013C, 6.375%, 10/01/43 (AMT) | 10/23 at 100.00 | BBB+ | 146,323 | ||
Guam Port Authority, Port Revenue Bonds, Private Activity Series 2018B: | ||||||
510 | 5.000%, 7/01/32 (AMT) | 7/28 at 100.00 | A | 633,354 | ||
355 | 5.000%, 7/01/33 (AMT) | 7/28 at 100.00 | A | 439,916 | ||
600 | Maryland Economic Development Corporation Economic Development Revenue Bonds, Terminal Project, Series 2019A, 5.000%, 6/01/49 (AMT) | 6/29 at 100.00 | Baa3 | 745,764 | ||
Maryland Economic Development Corporation Economic Development Revenue Bonds, Transportation Facilities Project, Refunding Series 2017A: | ||||||
1,000 | 5.000%, 6/01/31 | 6/28 at 100.00 | Baa3 | 1,262,180 | ||
1,125 | 5.000%, 6/01/32 | 6/28 at 100.00 | Baa3 | 1,417,376 | ||
3,360 | 5.000%, 6/01/35 | 6/28 at 100.00 | Baa3 | 4,205,813 | ||
1,500 | Maryland Economic Development Corporation, Air Cargo Obligated Group Revenue Bonds, AFCO Airport Real Estate Group, Series 2019, 4.000%, 7/01/44 (AMT) | 7/29 at 100.00 | BBB | 1,728,825 | ||
Maryland Economic Development Corporation, Parking Facilities Revenue Bonds Baltimore City Project, Subordinate Parking Facilities Revenue Bonds, Series 2018C: | ||||||
1,250 | 4.000%, 6/01/48 | 6/28 at 100.00 | BBB- | 1,335,937 | ||
1,115 | 4.000%, 6/01/58 | 6/28 at 100.00 | BBB- | 1,183,305 | ||
3,725 | Maryland Economic Development Corporation, Parking Facilities Revenue Bonds, Baltimore City Project, Senior Parking Facilities Revenue Bonds, Series 2018A, 5.000%, 6/01/58 | 6/28 at 100.00 | BBB | 4,293,509 | ||
Maryland Economic Development Corporation, Private Activity Revenue Bonds AP, Purple Line Light Rail Project, Green Bonds, Series 2016D: | ||||||
2,000 | 5.000%, 9/30/28 (AMT) | 9/26 at 100.00 | BBB | 2,414,620 | ||
1,000 | 5.000%, 9/30/31 (AMT) | 9/26 at 100.00 | BBB | 1,194,050 | ||
2,200 | 5.000%, 3/31/41 (AMT) | 9/26 at 100.00 | BBB | 2,575,364 | ||
3,625 | 5.000%, 3/31/46 (AMT) | 9/26 at 100.00 | BBB | 4,208,154 | ||
2,200 | 5.000%, 3/31/51 (AMT) | 9/26 at 100.00 | BBB | 2,542,298 | ||
Maryland Health and Higher Educational Facilities Authority, Parking Facilities Revenue Bonds, Johns Hopkins Hospital, Series 2001: | ||||||
1,300 | 5.000%, 7/01/27 – AMBAC Insured | 3/20 at 100.00 | N/R | 1,313,455 | ||
1,000 | 5.000%, 7/01/34 – AMBAC Insured | 3/20 at 100.00 | N/R | 1,010,400 | ||
405 | Maryland Health and Higher Educational Facilities Authority, Parking Facilities Revenue Bonds, Johns Hopkins Medical Institutions, Series 1996, 5.500%, 7/01/26 – AMBAC Insured | 3/20 at 100.00 | N/R | 406,025 |
11
NMY | Nuveen Maryland Quality Municipal Income Fund (continued) |
Portfolio of Investments February 29, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Transportation (continued) | ||||||
$2,000 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 4.000%, 10/01/49 | 10/29 at 100.00 | A- | $2,344,420 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016: | ||||||
175 | 5.000%, 8/01/26 (AMT) | 8/21 at 100.00 | BB | 183,691 | ||
680 | 5.000%, 8/01/31 (AMT) | 8/21 at 100.00 | BB | 712,048 | ||
3,000 | New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A, 5.000%, 7/01/46 (AMT) | 7/24 at 100.00 | BBB | 3,453,420 | ||
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC, Sixth Series 1997: | ||||||
10 | 5.750%, 12/01/22 – NPFG Insured (AMT) | 3/20 at 100.00 | BBB+ | 10,289 | ||
70 | 5.750%, 12/01/25 – NPFG Insured (AMT) | 3/20 at 100.00 | BBB+ | 72,092 | ||
530 | Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE Mobility Partners LLC North Tarrant Express Managed Lanes Project, Refunding Senior Lien Series 2019A, 4.000%, 12/31/39 | 12/29 at 100.00 | Baa2 | 632,560 | ||
1,000 | Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Refunding Crossover Series 2017A-2, 5.000%, 7/01/33 | 7/27 at 100.00 | AA- | 1,273,610 | ||
Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2017B: | ||||||
1,500 | 5.000%, 7/01/29 | 7/27 at 100.00 | AA- | 1,929,345 | ||
3,000 | 5.000%, 7/01/42 | 7/27 at 100.00 | AA- | 3,749,940 | ||
1,000 | Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2018, 5.000%, 7/01/38 | 7/27 at 100.00 | AA- | 1,259,890 | ||
41,420 | Total Transportation | 48,740,120 | ||||
U.S. Guaranteed – 15.7% (10.0% of Total Investments) (6) | ||||||
Baltimore, Maryland, General Obligation Bonds, Consolidated Public Improvements, Series 2011A: | ||||||
1,000 | 5.000%, 10/15/29 (Pre-refunded 10/15/21) | 10/21 at 100.00 | AA | 1,068,660 | ||
1,200 | 5.000%, 10/15/30 (Pre-refunded 10/15/21) | 10/21 at 100.00 | AA | 1,282,392 | ||
2,000 | Baltimore, Maryland, Revenue Bonds, Water Projects, Refunding Series 1994A, 5.000%, 7/01/24 – FGIC Insured (ETM) | No Opt. Call | AA- | 2,244,660 | ||
2,875 | Baltimore, Maryland, Revenue Bonds, Water Projects, Refunding Series 1998A, 5.000%, 7/01/28 – FGIC Insured (ETM) | No Opt. Call | AA | 3,406,587 | ||
5,895 | Maryland Economic Development Corporation, Economic Development Revenue Bonds, Transportation Facilities Project, Series 2010A, 5.750%, 6/01/35 (Pre-refunded 6/01/20) | 6/20 at 100.00 | N/R | 5,966,447 | ||
2,445 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds Doctors Community Hospital, Refunding Series 2010, 5.750%, 7/01/38 (Pre-refunded 7/01/20) | 7/20 at 100.00 | N/R | 2,484,756 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Charlestown Community Issue, Series 2010: | ||||||
1,695 | 6.125%, 1/01/30 (Pre-refunded 1/01/21) | 1/21 at 100.00 | N/R | 1,768,139 | ||
5,070 | 6.250%, 1/01/45 (Pre-refunded 1/01/21) | 1/21 at 100.00 | N/R | 5,293,993 |
12
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed (6) (continued) | ||||||
$2,845 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Helix Health, Series 1997, 5.000%, 7/01/27 – AMBAC Insured (ETM) | No Opt. Call | N/R | $3,336,360 | ||
4,450 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins Health System Obligated Group Issue, Series 2010, 5.000%, 5/15/40 (Pre-refunded 5/15/20) | 5/20 at 100.00 | AA- | 4,487,469 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health System, Series 2011: | ||||||
500 | 5.750%, 7/01/31 (Pre-refunded 7/01/21) | 7/21 at 100.00 | A+ | 532,135 | ||
1,000 | 6.000%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | A+ | 1,067,420 | ||
1,250 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola University Maryland, Series 2012A, 5.000%, 10/01/39 (Pre-refunded 10/01/22) | 10/22 at 100.00 | A | 1,380,963 | ||
12,250 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland Health, Series 2014, 5.250%, 7/01/34 (Pre-refunded 7/01/24) | 7/24 at 100.00 | BBB | 14,455,245 | ||
8,000 | Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011MD, 5.000%, 12/01/40 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AA- | 8,585,120 | ||
52,475 | Total U.S. Guaranteed | 57,360,346 | ||||
Utilities – 1.5% (1.0% of Total Investments) | ||||||
2,000 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 4.375%, 1/01/35 (Mandatory Put 7/01/22) (4) | No Opt. Call | N/R | 2,145,000 | ||
1,250 | Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/30 – AGM Insured | 10/22 at 100.00 | AA | 1,373,425 | ||
Guam Power Authority, Revenue Bonds, Series 2014A: | ||||||
600 | 5.000%, 10/01/39 | 10/24 at 100.00 | AA | 690,816 | ||
575 | 5.000%, 10/01/44 | 10/24 at 100.00 | AA | 657,978 | ||
730 | Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding Series 2007A, 5.000%, 7/01/24 | 3/20 at 100.00 | CCC | 708,867 | ||
5,155 | Total Utilities | 5,576,086 | ||||
Water and Sewer – 8.4% (5.3% of Total Investments) | ||||||
2,480 | Baltimore, Maryland, Project and Revenue Refunding Bonds, Water Projects, Series 2013B, 5.000%, 7/01/38 | 1/24 at 100.00 | AA- | 2,839,154 | ||
1,000 | Baltimore, Maryland, Revenue Bonds, Storm Water Projects, Series 2019A, 5.000%, 7/01/49 | 7/29 at 100.00 | Aa2 | 1,279,800 | ||
2,000 | Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Series 2011A, 5.000%, 7/01/41 | 7/21 at 100.00 | AA | 2,099,800 | ||
2,000 | Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Series 2019A, 5.000%, 7/01/49 | 7/29 at 100.00 | AA | 2,559,600 | ||
Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Subordinate Series 2017A: | ||||||
2,000 | 5.000%, 7/01/46 | 1/27 at 100.00 | AA- | 2,433,920 | ||
2,000 | 5.000%, 7/01/46 (UB) | 1/27 at 100.00 | AA- | 2,433,920 | ||
490 | Baltimore, Maryland, Revenue Bonds, Water Projects, Refunding Series 1994A, 5.000%, 7/01/24 – FGIC Insured | No Opt. Call | AA- | 518,263 |
13
NMY | Nuveen Maryland Quality Municipal Income Fund (continued) |
Portfolio of Investments February 29, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Water and Sewer (continued) | ||||||
$2,500 | Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2014A, 5.000%, 7/01/44 | 1/25 at 100.00 | A+ | $2,914,450 | ||
6,000 | Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2017A, 5.000%, 7/01/41 (UB) | 1/27 at 100.00 | AA- | 7,359,180 | ||
1,300 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2014A, 5.000%, 7/01/35 | 7/24 at 100.00 | A- | 1,475,604 | ||
1,240 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/40 | 7/27 at 100.00 | A- | 1,482,618 | ||
2,030 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.500%, 7/01/43 | 7/23 at 100.00 | A- | 2,268,972 | ||
245 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 7/01/27 | 7/26 at 100.00 | A- | 295,796 | ||
500 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A, 6.000%, 7/01/47 | 7/22 at 100.00 | Ca | 550,000 | ||
25,785 | Total Water and Sewer | 30,511,077 | ||||
$537,407 | Total Long-Term Investments (cost $520,170,905) | 572,176,484 | ||||
Floating Rate Obligations – (7.8)% | (28,405,000) | |||||
Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (49.8)% (7) | (181,824,389) | |||||
Other Assets Less Liabilities – 0.9% | 3,219,521 | |||||
Net Asset Applicable to Common Shares – 100% | $365,166,616 |
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. 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. A three-tier hierarchy 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 the reporting entity’s own 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).
14
The inputs or methodologies used for
valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $572,176,484 | $ — | $572,176,484 |
(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) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(5) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. | |
(6) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(7) | Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering cost as a percentage of Total Investments is 31.8%. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
ETM | Escrowed to maturity | |
UB | Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 4 – Portfolio Securities and Investments in Derivatives Inverse Floating Rate Securities for more information. |
15