NPV
Nuveen Virginia Quality
Municipal Income Fund
Portfolio of Investments August 31, 2020
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 153.7% (100.0% of Total Investments) | ||||||
MUNICIPAL BONDS – 153.7% (100.0% of Total Investments) | ||||||
Consumer Staples – 4.5% (2.9% of Total Investments) | ||||||
Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A: | ||||||
$545 | 5.250%, 6/01/32 | 9/20 at 100.00 | N/R | $545,109 | ||
705 | 5.625%, 6/01/47 | 9/20 at 100.00 | N/R | 705,092 | ||
4,135 | Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds, Series 2007B1, 5.000%, 6/01/47 | 9/20 at 100.00 | B- | 4,155,468 | ||
6,645 | Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds, Series 2007B2, 5.200%, 6/01/46 | 6/21 at 100.00 | B- | 6,696,831 | ||
75 | Tobacco Settlement Financing Corporation, Virgin Islands, Tobacco Settlement Asset-Backed Bonds, Series 2001, 5.000%, 5/15/31 | 10/20 at 100.00 | A1 | 75,155 | ||
12,105 | Total Consumer Staples | 12,177,655 | ||||
Education and Civic Organizations – 13.0% (8.5% of Total Investments) | ||||||
1,615 | Alexandria Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds, Episcopal High School, Series 2012, 3.750%, 1/01/30 | 1/22 at 100.00 | A1 | 1,669,684 | ||
Alexandria Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds, Episcopal High School, Series 2017: | ||||||
1,105 | 4.000%, 1/01/37 | 1/27 at 100.00 | A1 | 1,250,628 | ||
565 | 4.000%, 1/01/40 | 1/27 at 100.00 | A1 | 635,117 | ||
460 | Amherst Industrial Development Authority, Virginia, Revenue Bonds, Sweet Briar College, Series 2006, 5.000%, 9/01/26 | 10/20 at 100.00 | BB- | 455,078 | ||
1,000 | Industrial Development Authority of the City of Lexington, Virginia, Washington and Lee University, Educational Facility Revenue Bonds, Refunding Series 2018A, 5.000%, 1/01/43 | 1/28 at 100.00 | AA | 1,240,560 | ||
500 | Montgomery County Economic Development Authority, Virginia, Revenue Bonds, Virginia Tech Foundation, Refunding Series 2017A, 4.000%, 6/01/36 | 6/27 at 100.00 | Aa2 | 577,845 | ||
Montgomery County Economic Development Authority, Virginia, Revenue Bonds, Virginia Tech Foundation, Refunding Series 2019A: | ||||||
500 | 4.000%, 6/01/37 | 6/29 at 100.00 | Aa2 | 596,820 | ||
905 | 4.000%, 6/01/39 | 6/29 at 100.00 | Aa2 | 1,073,692 | ||
750 | Roanoke Economic Development Authority, Virginia, Educational Facilities Revenue Bonds, Lynchburg College, Series 2018A, 5.000%, 9/01/43 | 9/28 at 100.00 | BBB+ | 820,755 | ||
2,500 | The Rector and Visitors of the University of Virginia, General Pledge Revenue Bonds, Green Series 2015A-2, 5.000%, 4/01/45 | 4/25 at 100.00 | AAA | 2,939,050 |
1
NPV | Nuveen Virginia Quality Municipal Income Fund (continued) |
Portfolio of Investments August 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
The Rector and Visitors of the University of Virginia, General Pledge Revenue Bonds, Refunding Series 2017A: | ||||||
$9,000 | 5.000%, 4/01/42 (UB) (4) | 4/27 at 100.00 | AAA | $11,058,120 | ||
1,515 | 5.000%, 4/01/42 | 4/27 at 100.00 | AAA | 1,861,450 | ||
1,000 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount University Project, Green Series 2015B, 5.000%, 7/01/45, 144A | 7/25 at 100.00 | BB+ | 1,002,950 | ||
Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount University Project, Refunding Series 2015A: | ||||||
1,500 | 5.000%, 7/01/35, 144A | 7/25 at 100.00 | BB+ | 1,527,585 | ||
4,000 | 5.000%, 7/01/45, 144A | 7/25 at 100.00 | BB+ | 4,011,800 | ||
80 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Washington and Lee University, Series 2001, 5.375%, 1/01/21 | No Opt. Call | AA | 81,324 | ||
1,460 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Washington and Lee University, Series 2015A, 5.000%, 1/01/40 | 1/25 at 100.00 | AA | 1,656,428 | ||
2,000 | Virginia Commonwealth University, General Pledge Revenue Bonds, Refunding Series 2020A, 5.000%, 11/01/33 | 11/30 at 100.00 | AA- | 2,657,940 | ||
30,455 | Total Education and Civic Organizations | 35,116,826 | ||||
Health Care – 21.7% (14.1% of Total Investments) | ||||||
Arlington County Industrial Development Authority, Virginia, Hospital Facility Revenue Bonds, Virginia Hospital Center, Series 2020: | ||||||
2,000 | 4.000%, 7/01/39 | 7/30 at 100.00 | AA- | 2,345,440 | ||
225 | 4.000%, 7/01/40 | 7/30 at 100.00 | AA- | 263,070 | ||
2,055 | 4.000%, 7/01/45 | 7/30 at 100.00 | AA- | 2,365,326 | ||
1,000 | Chesapeake Hospital Authority, Virginia, Hospital Facility Revenue Bonds, Chesapeake Regional Medical Center, Series 2019, 4.000%, 7/01/39 | 7/29 at 100.00 | A | 1,139,350 | ||
1,920 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 4.000%, 8/01/44 | 8/29 at 100.00 | BBB+ | 2,129,722 | ||
1,000 | Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova Health System, Series 2012A, 5.000%, 5/15/40 | 5/22 at 100.00 | AA+ | 1,062,400 | ||
2,000 | Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova Health System, Series 2018A, 4.000%, 5/15/48 | 5/28 at 100.00 | AA+ | 2,258,740 | ||
3,800 | Fairfax County Industrial Development Authority, Virginia, Hospital Revenue Refunding Bonds, Inova Health System, Series 1993A, 5.000%, 8/15/23 | No Opt. Call | AA+ | 4,154,008 | ||
2,500 | Fredericksburg Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds, MediCorp Health System, Series 2007, 5.250%, 6/15/23 | No Opt. Call | A3 | 2,796,525 | ||
1,000 | Front Royal and Warren County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Valley Health System Obligated Group, Series 2018, 4.000%, 1/01/50 | 1/25 at 103.00 | A+ | 1,094,040 | ||
3,500 | Industrial Development Authority of the City of Newport News, Virginia, Health System Revenue Bonds, Riverside Health System, Series 2015A, 5.330%, 7/01/45, 144A | 7/25 at 100.00 | N/R | 3,869,565 | ||
Lynchburg Economic Development Authority, Virginia, Hospital Revenue Bonds, Centra Health Obligated Group, Refunding Series 2017A: | ||||||
195 | 5.000%, 1/01/31 | 1/27 at 100.00 | A | 231,122 | ||
2,000 | 5.000%, 1/01/47 | 1/27 at 100.00 | A | 2,273,120 |
2
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
$1,000 | Norfolk Economic Development Authority, Virginia, Hospital Facility Revenue Bonds, Sentara Healthcare Systems, Refunding Series 2018B, 4.000%, 11/01/48 | 11/28 at 100.00 | AA | $1,131,930 | ||
3,155 | Prince William County Industrial Development Authority, Virginia, Health Care Facilities Revenue Bonds, Novant Health Obligated Group-Prince William Hospital, Refunding Series 2013B, 5.000%, 11/01/46 | 11/22 at 100.00 | AA- | 3,343,984 | ||
2,000 | Roanoke Economic Development Authority, Virginia, Hospital Revenue Bonds, Carilion Clinic Obligated Group, Series 2020A, 4.000%, 7/01/51 | 7/30 at 100.00 | AA- | 2,282,720 | ||
Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds, Mary Washington Healthcare Obligated Group, Refunding Series 2016: | ||||||
1,000 | 5.000%, 6/15/32 | 6/26 at 100.00 | A3 | 1,165,410 | ||
1,440 | 5.000%, 6/15/35 | 6/26 at 100.00 | A3 | 1,663,402 | ||
1,360 | 4.000%, 6/15/37 | 6/26 at 100.00 | A3 | 1,485,419 | ||
3,200 | Virginia Commonwealth University Health System Authority, General Revenue Bonds, Series 2017B, 5.000%, 7/01/46 | 7/27 at 100.00 | AA- | 3,790,752 | ||
5,000 | Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Bon Secours Mercy Health, Inc, Series 2020A, 4.000%, 12/01/49 | 6/30 at 100.00 | AA- | 5,685,350 | ||
Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Sentara Healthcare, Refunding Series 2020: | ||||||
1,000 | 4.000%, 11/01/38 | 11/29 at 100.00 | AA | 1,159,850 | ||
1,150 | 4.000%, 11/01/39 | 11/29 at 100.00 | AA | 1,329,894 | ||
2,700 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 4.000%, 8/01/44 | 8/29 at 100.00 | BBB+ | 2,994,921 | ||
Winchester Economic Development Authority, Virginia, Hospital Revenue Bonds, Valley Health System Obligated Group, Refunding Series 2015: | ||||||
1,500 | 5.000%, 1/01/33 | 1/26 at 100.00 | A+ | 1,752,450 | ||
1,000 | 5.000%, 1/01/35 | 1/26 at 100.00 | A+ | 1,162,590 | ||
2,000 | 4.000%, 1/01/37 | 1/26 at 100.00 | A+ | 2,204,600 | ||
1,215 | 5.000%, 1/01/44 | 1/26 at 100.00 | A+ | 1,387,809 | ||
51,915 | Total Health Care | 58,523,509 | ||||
Housing/Multifamily – 6.7% (4.3% of Total Investments) | ||||||
1,000 | Richmond Redevelopment and Housing Authority, Virginia, Multi-Family Housing Revenue Bonds, American Tobacco Apartments, Series 2017, 5.550%, 1/01/37, 144A | 1/27 at 100.00 | N/R | 1,027,820 | ||
1,000 | Virginia Housing Development Authority, Rental Housing Bonds, Series 2012A, 3.625%, 3/01/32 | 3/21 at 100.00 | AA+ | 1,009,670 | ||
Virginia Housing Development Authority, Rental Housing Bonds, Series 2015A: | ||||||
1,000 | 3.500%, 3/01/35 | 3/24 at 100.00 | AA+ | 1,055,700 | ||
1,000 | 3.625%, 3/01/39 | 3/24 at 100.00 | AA+ | 1,048,130 | ||
900 | Virginia Housing Development Authority, Rental Housing Bonds, Series 2015C, 4.000%, 8/01/45 | 8/24 at 100.00 | AA+ | 956,997 | ||
2,750 | Virginia Housing Development Authority, Rental Housing Bonds, Series 2015E, 3.750%, 12/01/40 | 12/24 at 100.00 | AA+ | 2,927,155 | ||
1,500 | Virginia Housing Development Authority, Rental Housing Bonds, Series 2016B, 3.350%, 5/01/36 | 5/25 at 100.00 | AA+ | 1,595,580 |
3
NPV | Nuveen Virginia Quality Municipal Income Fund (continued) |
Portfolio of Investments August 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Housing/Multifamily (continued) | ||||||
$1,700 | Virginia Housing Development Authority, Rental Housing Bonds, Series 2017A, 3.875%, 3/01/47 | 3/26 at 100.00 | AA+ | $1,821,686 | ||
3,000 | Virginia Housing Development Authority, Rental Housing Bonds, Series 2019A, 3.800%, 9/01/44 | 3/28 at 100.00 | AA+ | 3,286,530 | ||
1,855 | Virginia Housing Development Authority, Rental Housing Bonds, Series 2020E, 2.500%, 7/01/45 | 7/29 at 100.00 | AA+ | 1,877,538 | ||
1,310 | Waynesboro Redevelopment and Housing Authority, Virginia, Multifamily Housing Revenue Bonds, Epworth Manor, GNMA Collateralized Series 2010, 5.000%, 10/20/51 | 9/20 at 100.00 | AA+ | 1,314,074 | ||
17,015 | Total Housing/Multifamily | 17,920,880 | ||||
Long-Term Care – 6.8% (4.4% of Total Investments) | ||||||
900 | Alexandria Industrial Development Authority, Virginia, Residential Care Facilities Mortgage Revenue Bonds, Goodwin House Incorporated, Series 2015, 5.000%, 10/01/50 | 10/25 at 100.00 | BBB+ | 956,709 | ||
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage Revenue Bonds, Goodwin House, Inc, Series 2016A: | ||||||
1,965 | 5.000%, 10/01/42 | 10/24 at 102.00 | BBB+ | 2,110,233 | ||
700 | 4.000%, 10/01/42 | 10/24 at 102.00 | BBB+ | 717,073 | ||
1,000 | Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Revenue Bonds, Vinson Hall LLC, Series 2013A, 5.000%, 12/01/47 | 12/23 at 100.00 | BBB+ | 1,042,800 | ||
875 | Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue Bonds, Westminster Canterbury of Richmond, Refunding Series 2015, 4.000%, 10/01/35 | 10/20 at 100.00 | N/R | 875,481 | ||
1,000 | Lexington Industrial Development Authority, Virginia, Residential Care Facility Revenue Bonds, Kendal at Lexington Retirement Community Inc, Refunding Series 2016, 4.000%, 1/01/37 | 1/25 at 102.00 | BBB- | 951,460 | ||
1,250 | Lexington Industrial Development Authority, Virginia, Residential Care Facility Revenue Bonds, Kendal at Lexington Retirement Community Inc, Refunding Series 2017A, 5.000%, 1/01/48 | 1/23 at 103.00 | BBB- | 1,283,425 | ||
Norfolk Redevelopment and Housing Authority, Virginia, Fort Norfolk Retirement Community, Inc, Harbor's Edge Project, Series 2019A: | ||||||
1,325 | 5.000%, 1/01/49 | 1/24 at 104.00 | N/R | 1,364,234 | ||
2,000 | 5.250%, 1/01/54 | 1/24 at 104.00 | N/R | 2,083,780 | ||
Prince William County Industrial Development Authority, Virginia, Residential Care Facility Revenue Bonds, Westminster at Lake Ridge, Refunding Series 2016: | ||||||
670 | 5.000%, 1/01/37 | 1/25 at 102.00 | BBB | 714,843 | ||
2,000 | 5.000%, 1/01/46 | 1/25 at 102.00 | BBB | 2,108,480 | ||
1,000 | Roanoke Economic Development Authority, Virgina, Residential Care Facility Mortgage Revenue Refunding Bonds, Virginia Lutheran Homes Brandon Oaks Project, Series 2012, 4.625%, 12/01/27 | 12/22 at 100.00 | N/R | 991,740 |
4
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care (continued) | ||||||
Suffolk Economic Development Authority, Virginia, Retirement Facilities First Mortgage Revenue Bonds, Lake Prince Center, Inc/United Church Homes and Services Obligated Group, Refunding Series 2016: | ||||||
$1,000 | 5.000%, 9/01/26 | 9/24 at 102.00 | N/R | $1,045,800 | ||
1,920 | 5.000%, 9/01/31 | 9/24 at 102.00 | N/R | 1,982,189 | ||
17,605 | Total Long-Term Care | 18,228,247 | ||||
Tax Obligation/General – 1.0% (0.7% of Total Investments) | ||||||
2,035 | Arlington County, Virginia, General Obligation Bonds, Refunding Series 2014B, 5.000%, 8/15/22 | No Opt. Call | AAA | 2,227,389 | ||
380 | Richmond, Virginia, General Obligation Bonds, Refunding & Public Improvement Series 2017D, 5.000%, 3/01/33 | No Opt. Call | AA+ | 556,092 | ||
2,415 | Total Tax Obligation/General | 2,783,481 | ||||
Tax Obligation/Limited – 32.9% (21.4% of Total Investments) | ||||||
Arlington County Industrial Development Authority, Virginia, Revenue Bonds, Refunding County Projects, Series 2017: | ||||||
1,730 | 5.000%, 2/15/35 | 8/27 at 100.00 | Aa1 | 2,169,160 | ||
1,340 | 5.000%, 2/15/37 | 8/27 at 100.00 | Aa1 | 1,664,133 | ||
Buena Vista Public Recreational Facilities Authority, Virginia, Lease Revenue Bonds, Golf Course Project, Series 2005A: | ||||||
310 | 5.250%, 7/15/25 – ACA Insured | 10/20 at 100.00 | N/R | 310,338 | ||
520 | 5.500%, 7/15/35 – ACA Insured | 10/20 at 100.00 | N/R | 520,354 | ||
1,150 | Dulles Town Center Community Development Authority, Loudon County, Virginia Special Assessment Refunding Bonds, Dulles Town Center Project, Series 2012, 4.250%, 3/01/26 | 3/22 at 100.00 | N/R | 1,154,795 | ||
100 | Embrey Mill Community Development Authority, Virginia, Special Assessment Revenue Bonds, Series 2015, 5.600%, 3/01/45, 144A | 3/25 at 100.00 | N/R | 103,299 | ||
1,000 | Fairfax County Economic Development Authority, Virginia, County Facilities Revenue Bonds, Refunding Series 2017B, 5.000%, 10/01/33 | 10/27 at 100.00 | AA+ | 1,266,100 | ||
1,500 | Fairfax County Economic Development Authority, Virginia, Revenue Bonds, Metrorail Parking System Project, Series 2017, 5.000%, 4/01/42 | 4/27 at 100.00 | AA+ | 1,818,810 | ||
4,000 | Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/34 | 11/25 at 100.00 | BB | 4,418,920 | ||
Government of Guam, Business Privilege Tax Bonds, Series 2011A: | ||||||
1,020 | 5.000%, 1/01/31 | 1/22 at 100.00 | BB | 1,051,753 | ||
500 | 5.250%, 1/01/36 | 1/22 at 100.00 | BB | 515,630 | ||
1,000 | Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A, 5.000%, 12/01/34 | 12/26 at 100.00 | BB | 1,123,830 |
5
NPV | Nuveen Virginia Quality Municipal Income Fund (continued) |
Portfolio of Investments August 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
Hampton Roads Transportation Accountability Commission, Virginia, Hampton Roads Transportation Fund Revenue Bonds, Senior Lien Series 2018A: | ||||||
$4,000 | 5.000%, 7/01/48 (UB) (4) | 1/28 at 100.00 | AA+ | $4,912,760 | ||
2,000 | 5.000%, 7/01/52 | 1/28 at 100.00 | AA+ | 2,448,620 | ||
13,000 | 5.000%, 7/01/52 (UB) (4) | 1/28 at 100.00 | AA+ | 15,916,030 | ||
1,000 | 5.500%, 7/01/57 | 1/28 at 100.00 | AA+ | 1,256,110 | ||
965 | Lower Magnolia Green Community Development Authority, Virginia, Special Assessment Bonds, Series 2015, 5.000%, 3/01/35, 144A | 3/25 at 100.00 | N/R | 966,148 | ||
Peninsula Town Center Community Development Authority, Virginia, Special Obligation Bonds, Refunding Series 2018: | ||||||
360 | 4.500%, 9/01/28, 144A | 9/27 at 100.00 | N/R | 370,220 | ||
3,000 | 5.000%, 9/01/45, 144A | 9/27 at 100.00 | N/R | 3,123,810 | ||
645 | Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.500%, 7/01/29 – AMBAC Insured | No Opt. Call | C | 703,721 | ||
5,875 | Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Refunding Series 2005C, 0.010%, 7/01/28 – AMBAC Insured (5) | No Opt. Call | C | 4,140,289 | ||
5,085 | Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A, 0.000%, 7/01/29 – AMBAC Insured (5) | No Opt. Call | C | 3,406,441 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
57 | 0.000%, 7/01/24 | No Opt. Call | N/R | 52,657 | ||
96 | 0.000%, 7/01/27 | No Opt. Call | N/R | 81,561 | ||
94 | 0.000%, 7/01/29 | 7/28 at 98.64 | N/R | 74,637 | ||
121 | 0.000%, 7/01/31 | 7/28 at 91.88 | N/R | 89,182 | ||
136 | 0.000%, 7/01/33 | 7/28 at 86.06 | N/R | 92,185 | ||
1,173 | 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 1,241,480 | ||
3,609 | 0.000%, 7/01/51 | 7/28 at 30.01 | N/R | 746,052 | ||
6,310 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 6,737,187 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2: | ||||||
50 | 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 52,501 | ||
4 | 4.536%, 7/01/53 | 7/28 at 100.00 | N/R | 4,147 | ||
62 | 4.784%, 7/01/58 | 7/28 at 100.00 | N/R | 65,305 | ||
760 | Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Refunding Series 2007CC, 5.500%, 7/01/28 – NPFG Insured | No Opt. Call | Baa2 | 796,184 | ||
1,500 | 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 | 1,677,960 | ||
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 | 2,520,426 | ||
1,380 | 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 | 1,499,342 | ||
1,665 | Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien, Series 2013A, 5.000%, 10/01/24 – AGM Insured | No Opt. Call | AA | 1,808,989 |
6
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
$1,725 | 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 | $1,859,377 | ||
1,500 | Virginia College Building Authority Educational Facilities Revenue Bonds 21st Century College and Equipment Programs Series 2020A, 4.000%, 2/01/38 | 2/30 at 100.00 | AA+ | 1,817,085 | ||
3,500 | Virginia Commonwealth Transportation Board, Federal Transportation Grant Anticipation Revenue Notes, Series 2016, 5.000%, 9/15/30 | 9/26 at 100.00 | AA+ | 4,365,025 | ||
2,000 | Virginia Public Building Authority, Public Facilities Revenue Bonds, Series 2019B, 4.000%, 8/01/38 (AMT) | 8/29 at 100.00 | AA+ | 2,433,300 | ||
2,000 | Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2015A, 5.000%, 8/01/26 | 8/25 at 100.00 | AA+ | 2,448,720 | ||
35 | Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Financing Program, Series 2012A, 5.000%, 11/01/42 | 11/22 at 100.00 | AAA | 37,952 | ||
120 | Virginia Small Business Finance Authority, Tourism Development Financing Program Revenue Bonds,Downtown Norfolk and Virginia Beach Oceanfront Hotel Projects, Series 2018A, 8.375%, 4/01/41, 144A | 4/28 at 112.76 | N/R | 126,638 | ||
1,000 | Virginia Transportation Board, Transportation Revenue Bonds, Capital Projects, Series 2012, 4.000%, 5/15/37 | 5/22 at 100.00 | AA+ | 1,050,430 | ||
1,000 | Virginia Transportation Board, Transportation Revenue Bonds, Capital Projects, Series 2017, 4.000%, 5/15/42 | 5/27 at 100.00 | AA+ | 1,141,040 | ||
1,000 | Virginia Transportation Board, Transportation Revenue Bonds, Capital Projects, Series 2018, 4.000%, 5/15/38 | 5/28 at 100.00 | AA+ | 1,172,710 | ||
920 | Western Virginia Regional Jail Authority, Virginia, Facility Revenue Bonds, Refunding Series 2016, 5.000%, 12/01/36 | 12/26 at 100.00 | Aa2 | 1,141,306 | ||
84,157 | Total Tax Obligation/Limited | 88,494,649 | ||||
Transportation – 45.2% (29.4% of Total Investments) | ||||||
Capital Region Airport Commission, Virginia, Airport Revenue Bonds, Refunding Series 2016A: | ||||||
775 | 5.000%, 7/01/32 | 7/26 at 100.00 | A2 | 917,538 | ||
375 | 4.000%, 7/01/34 | 7/26 at 100.00 | A2 | 417,330 | ||
400 | 4.000%, 7/01/35 | 7/26 at 100.00 | A2 | 444,108 | ||
250 | 4.000%, 7/01/38 | 7/26 at 100.00 | A2 | 275,325 | ||
Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Series 2016: | ||||||
1,705 | 5.000%, 7/01/41 – AGM Insured | 7/26 at 100.00 | AA | 2,019,931 | ||
8,320 | 5.000%, 7/01/46 | 7/26 at 100.00 | BBB | 9,472,819 | ||
Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital Appreciation Series 2012B: | ||||||
2,000 | 4.750%, 7/15/32 (6) | 7/28 at 100.00 | BBB+ | 2,010,700 | ||
4,125 | 0.000%, 7/15/40 (6) | 7/28 at 100.00 | BBB+ | 4,103,096 | ||
1,000 | 4.875%, 7/15/40 – AGM Insured (6) | 7/28 at 100.00 | AA | 1,093,880 | ||
4,500 | 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- | 4,975,110 |
7
NPV | Nuveen Virginia Quality Municipal Income Fund (continued) |
Portfolio of Investments August 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Transportation (continued) | ||||||
$3,800 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A, 5.000%, 10/01/53 | 4/22 at 100.00 | A- | $3,944,400 | ||
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B: | ||||||
4,000 | 0.000%, 10/01/26 – AGC Insured | No Opt. Call | AA | 3,584,600 | ||
11,825 | 0.000%, 10/01/34 – AGC Insured | No Opt. Call | AA | 8,090,665 | ||
1,135 | 0.000%, 10/01/36 – AGC Insured | No Opt. Call | AA | 721,485 | ||
5,010 | 0.010%, 10/01/39 – AGC Insured | No Opt. Call | AA | 2,859,858 | ||
6,700 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 6.500%, 10/01/44 | 10/28 at 100.00 | A- | 8,694,121 | ||
750 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2010B, 5.000%, 10/01/26 (AMT) | 10/20 at 100.00 | Aa3 | 752,760 | ||
Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Series 2010A: | ||||||
3,400 | 5.000%, 10/01/30 | 10/20 at 100.00 | Aa3 | 3,413,226 | ||
420 | 5.000%, 10/01/35 | 10/20 at 100.00 | Aa3 | 421,634 | ||
7,300 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2016A, 5.000%, 10/01/35 (AMT) | 10/26 at 100.00 | Aa3 | 8,634,221 | ||
375 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2017, 5.000%, 10/01/34 (AMT) | 10/27 at 100.00 | Aa3 | 455,730 | ||
Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2018A: | ||||||
2,000 | 5.000%, 10/01/32 (AMT) | 10/28 at 100.00 | Aa3 | 2,493,340 | ||
3,290 | 5.000%, 10/01/36 (AMT) | 10/28 at 100.00 | Aa3 | 4,040,219 | ||
2,000 | 5.000%, 10/01/38 (AMT) | 10/28 at 100.00 | Aa3 | 2,441,920 | ||
4,000 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2019A, 5.000%, 10/01/38 (AMT) | 10/29 at 100.00 | Aa3 | 4,972,320 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016: | ||||||
150 | 5.000%, 8/01/26 (AMT) | 8/21 at 100.00 | BB- | 150,591 | ||
595 | 5.000%, 8/01/31 (AMT) | 8/21 at 100.00 | BB- | 594,476 | ||
1,740 | Norfolk Airport Authority, Virginia, Airport Revenue Bonds, Series 2019, 5.000%, 7/01/43 | 7/29 at 100.00 | A | 2,048,746 | ||
1,290 | Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series 2002, 5.250%, 7/15/22 – FGIC Insured | No Opt. Call | A | 1,366,432 | ||
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017: | ||||||
4,000 | 5.000%, 12/31/49 (AMT) | 6/27 at 100.00 | BBB | 4,516,760 | ||
5,785 | 5.000%, 12/31/52 (AMT) | 6/27 at 100.00 | BBB | 6,520,563 | ||
1,500 | Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2012, 5.000%, 1/01/40 (AMT) | 1/22 at 100.00 | BBB | 1,555,950 |
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Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Transportation (continued) | ||||||
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2019: | ||||||
$250 | 5.000%, 1/01/44 (AMT) | 1/22 at 100.00 | BBB | $258,873 | ||
3,785 | 5.000%, 7/01/49 (AMT) | 1/22 at 100.00 | BBB | 3,913,728 | ||
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012: | ||||||
750 | 5.250%, 1/01/32 (AMT) | 7/22 at 100.00 | BBB | 790,785 | ||
5,025 | 6.000%, 1/01/37 (AMT) | 7/22 at 100.00 | BBB | 5,386,247 | ||
5,700 | 5.500%, 1/01/42 (AMT) | 7/22 at 100.00 | BBB | 5,981,694 | ||
Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2017B: | ||||||
3,000 | 5.000%, 7/01/36 | 7/27 at 100.00 | AA | 3,695,760 | ||
2,000 | 5.000%, 7/01/42 | 7/27 at 100.00 | AA | 2,429,100 | ||
1,000 | Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2018, 5.000%, 7/01/43 | 7/27 at 100.00 | AA- | 1,212,300 | ||
116,025 | Total Transportation | 121,672,341 | ||||
U.S. Guaranteed – 13.8% (9.0% of Total Investments) (7) | ||||||
1,490 | Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%, 11/01/24 – AGM Insured (ETM) | No Opt. Call | AA | 1,624,815 | ||
225 | Bristol, Virginia, Utility System Revenue Refunding Bonds, Series 2001, 5.000%, 7/15/21 – AGM Insured (ETM) | No Opt. Call | AA | 234,355 | ||
1,030 | Chesapeake Bay Bridge and Tunnel Commission, Virginia, General Resolution Revenue Bonds, Refunding Series 1998, 5.500%, 7/01/25 – NPFG Insured (ETM) | No Opt. Call | Baa2 | 1,215,678 | ||
2,145 | Chesterfield County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health, Series 2010C-2, 5.000%, 11/01/42 (Pre-refunded 11/01/20) – AGC Insured | 11/20 at 100.00 | A3 | 2,161,238 | ||
3,375 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/40 (Pre-refunded 1/01/23) | 1/23 at 100.00 | BBB+ | 3,758,501 | ||
810 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.500%, 7/01/43 (Pre-refunded 7/01/23) | 7/23 at 100.00 | A- | 924,672 | ||
Hampton Roads Sanitation District, Virginia, Wastewater Revenue Bonds, Series 2012A: | ||||||
1,295 | 5.000%, 1/01/39 (Pre-refunded 1/01/21) | 1/21 at 100.00 | N/R | 1,315,565 | ||
5,205 | 5.000%, 1/01/39 (Pre-refunded 1/01/21) | 1/21 at 100.00 | AA+ | 5,287,655 | ||
Hampton Roads Sanitation District, Virginia, Wastewater Revenue Bonds, Subordinate Series 2018A: | ||||||
1,415 | 5.000%, 10/01/40 (Pre-refunded 10/01/27) | 10/27 at 100.00 | AA+ | 1,871,267 | ||
1,010 | 5.000%, 10/01/42 (Pre-refunded 10/01/27) | 10/27 at 100.00 | AA+ | 1,335,674 | ||
1,000 | 5.000%, 10/01/43 (Pre-refunded 10/01/27) | 10/27 at 100.00 | AA+ | 1,322,450 | ||
1,630 | Norfolk, Virginia, General Obligation Bonds, Refunding Series 2017C, 5.000%, 9/01/30 (Pre-refunded 3/01/27) | 3/27 at 100.00 | AAA | 2,120,125 | ||
1,630 | Prince William County Industrial Development Authority, Virginia, Student Housing Revenue Bonds, George Mason University Foundation Prince William Housing LLC Project, Series 2011A, 5.125%, 9/01/41 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R | 1,708,762 |
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NPV | Nuveen Virginia Quality Municipal Income Fund (continued) |
Portfolio of Investments August 31, 2020 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed (7) (continued) | ||||||
$710 | Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2005BB, 5.250%, 7/01/22 – AGM Insured (ETM) (5) | No Opt. Call | A2 | $773,694 | ||
1,200 | Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century College Program, Series 2011A, 4.000%, 2/01/29 (Pre-refunded 2/01/21) | 2/21 at 100.00 | AA+ | 1,219,152 | ||
5,225 | Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Financing Program, Series 2012A, 5.000%, 11/01/42 (Pre-refunded 11/01/22) | 11/22 at 100.00 | N/R | 5,760,249 | ||
1,000 | Virginia Resources Authority, Water and Sewerage System Revenue Bonds, Goochland County - Tuckahoe Creek Service District Project, Series 2012, 0.000%, 11/01/34 (Pre-refunded 11/01/22) | 11/22 at 63.13 | AA | 625,600 | ||
915 | Western Virginia Regional Jail Authority, Virginia, Facility Revenue Bonds, Refunding Series 2016, 5.000%, 12/01/36 (Pre-refunded 12/01/26) | 12/26 at 100.00 | N/R | 1,174,430 | ||
2,335 | Winchester Economic Development Authority, Virginia, Hospital Revenue Bonds, Valley Health System Obligated Group, Refunding Series 2014A, 5.000%, 1/01/44 (Pre-refunded 1/01/24) | 1/24 at 100.00 | A+ | 2,695,874 | ||
33,645 | Total U.S. Guaranteed | 37,129,756 | ||||
Utilities – 4.9% (3.2% of Total Investments) | ||||||
2,000 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 4.375%, 1/01/35 (Mandatory Put 7/01/22) | No Opt. Call | N/R | 2,015,000 | ||
Guam Power Authority, Revenue Bonds, Series 2012A: | ||||||
1,500 | 5.000%, 10/01/30 – AGM Insured | 10/22 at 100.00 | AA | 1,607,385 | ||
495 | 5.000%, 10/01/34 | 10/22 at 100.00 | BBB | 521,230 | ||
Richmond, Virginia, Public Utility Revenue Bonds, Refunding Series 2016A: | ||||||
5,000 | 5.000%, 1/15/33 | 1/26 at 100.00 | Aa1 | 6,163,050 | ||
1,000 | 5.000%, 1/15/35 | 1/26 at 100.00 | Aa1 | 1,230,830 | ||
730 | Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding Series 2007A, 5.000%, 7/01/24 | 10/20 at 100.00 | CCC | 684,441 | ||
1,000 | Virginia Small Business Financing Authority, Solid Waste Disposal Revenue Bonds, Covanta Project, Series 2018, 5.000%, 1/01/48 (AMT) (Mandatory Put 7/01/38) , 144A | 7/23 at 100.00 | B | 1,037,580 | ||
11,725 | Total Utilities | 13,259,516 | ||||
Water and Sewer – 3.2% (2.1% of Total Investments) | ||||||
1,675 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 1/01/46 | 7/26 at 100.00 | A- | 1,894,391 | ||
1,000 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2020A, 5.000%, 1/01/50 | 7/30 at 100.00 | A- | 1,217,260 | ||
3,000 | Norfolk, Virginia, Water Revenue Bonds, Series 2015A, 5.250%, 11/01/44 | 11/24 at 100.00 | AA+ | 3,567,660 | ||
1,000 | Norfolk, Virginia, Water Revenue Bonds, Series 2017, 5.000%, 11/01/42 | 11/27 at 100.00 | AA+ | 1,239,610 |
10
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Water and Sewer (continued) | ||||||
$625 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A, 5.250%, 7/01/42 | 7/22 at 100.00 | CC | $642,969 | ||
7,300 | Total Water and Sewer | 8,561,890 | ||||
$384,362 | Total Long-Term Investments (cost $379,110,119) | 413,868,750 | ||||
Floating Rate Obligations – (7.6)% | (20,350,000) | |||||
Variable Rate Demand Preferred Shares, net of deferred offering costs – (47.4)% (8) | (127,652,024) | |||||
Other Assets Less Liabilities – 1.3% | 3,325,226 | |||||
Net Asset Applicable to Common Shares – 100% | $269,191,952 |
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).
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 | $ — | $413,868,750 | $ — | $413,868,750 |
11
NPV | Nuveen Virginia Quality Municipal Income Fund (continued) |
Portfolio of Investments August 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) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. | |
(5) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(6) | 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. | |
(7) | 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. | |
(8) | Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 30.8%. | |
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. |
12