Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)
26 January 2024 - 4:51AM
Edgar (US Regulatory)
Nuveen
California
Quality
Municipal
Income
Fund
Portfolio
of
Investments
November
30,2023
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
LONG-TERM
INVESTMENTS
-
169.1% (100.0%
of
Total
Investments)
X
3,047,108,266
MUNICIPAL
BONDS
-
169.1% (100.0%
of
Total
Investments)
X
3,047,108,266
Consumer
Staples
-
1
.1
%
(
0
.7
%
of
Total
Investments)
$
1,000
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-
Backed
Bonds,
Golden
Gate
Tobacco
Funding
Corporation,
Turbo,
Series
2007A,
5.000%,
6/01/47
12/23
at
100.00
$
916,026
2,575
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
2,319,443
2,110
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-
Backed
Bonds,
Los
Angeles
County
Securitization
Corporation,
Series
2020B-
1,
5.000%,
6/01/49
,
(WI/DD)
6/30
at
100.00
2,140,339
25,000
California
Statewide
Financing
Authority,
Tobacco
Settlement
Asset-Backed
Bonds,
Pooled
Tobacco
Securitization
Program,
Series
2006A,
0.000%,
6/01/46
12/23
at
25.10
6,127,943
44,035
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Capital
Appreciation
Series
2021B-2,
0.000%,
6/01/66
12/31
at
27.75
4,595,057
19,000
Silicon
Valley
Tobacco
Securitization
Authority,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Santa
Clara
County
Tobacco
Securitization
Corporation,
Series
2007B,
0.000%,
6/01/47
1/24
at
25.92
4,610,365
Total
Consumer
Staples
20,709,173
Education
and
Civic
Organizations
-
7
.4
%
(
4
.4
%
of
Total
Investments)
6,995
California
Educational
Facilities
Authority,
Revenue
Bonds,
Chapman
University,
Series
2017B,
4.000%,
4/01/47
4/27
at
100.00
6,559,801
5,725
California
Educational
Facilities
Authority,
Revenue
Bonds,
Stanford
University
Series
2016U-7,
5.000%,
6/01/46
No
Opt.
Call
6,686,486
4,385
California
Educational
Facilities
Authority,
Revenue
Bonds,
University
of
the
Pacific,
Series
2023,
5.000%,
11/01/53
11/33
at
100.00
4,587,730
650
California
Enterprise
Development
Authority,
Charter
School
Revenue
Bonds,
Academy
for
Academic
Excellence
Project,
Series
2020A,
5.000%,
7/01/55,
144A
7/27
at
100.00
582,809
California
Municipal
Finance
Authority, Revenue
Bonds,
Creative
Center
of
Los
Altos
Project-Pinewood
&
Oakwood
Schools,
Series
2016B:
800
4.000%,
11/01/36,
144A
11/26
at
100.00
680,805
1,000
4.500%,
11/01/46,
144A
11/26
at
100.00
809,153
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
John
Adams
Academies,
Inc.
-
Lincoln
Project,
Taxable
Series
2019B:
1,210
5.000%,
10/01/39,
144A
10/27
at
100.00
1,151,430
2,980
5.000%,
10/01/57,
144A
10/27
at
100.00
2,592,670
1,000
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Palmdale
Aerospace
Academy
Project,
Series
2016A,
5.000%,
7/01/46,
144A
7/26
at
100.00
912,861
California
Municipal
Finance
Authority,
Revenue
Bonds,
Linxs
APM
Project,
Senior
Lien
Series
2018A:
3,500
5.000%,
12/31/43,
(AMT)
6/28
at
100.00
3,533,302
1,650
4.000%,
12/31/47,
(AMT)
6/28
at
100.00
1,451,495
4,000
5.000%,
12/31/47,
(AMT)
6/28
at
100.00
4,028,699
1,000
California
Municipal
Finance
Authority,
Revenue
Bonds,
The
Master's
University
&
Seminary,
Series
2019,
5.000%,
8/01/48
8/29
at
100.00
976,495
750
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Aspire
Public
School
Obligated
Group,Issue
No.6,
Series
2020A,
5.000%,
8/01/42,
144A
8/28
at
100.00
757,026
1,550
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Camino
Nuevo
Charter
Academy
Sustainability
Series
2023A,
5.250%,
6/01/53,
144A
6/31
at
100.00
1,498,526
300
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Kepler
Neighborhood
School,
Series
2017A,
5.000%,
5/01/27,
144A
No
Opt.
Call
297,029
1,100
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Stem
Preparatory
Schools
-
Obligated
Group,
Series
2023A,
5.375%,
5/01/63,
144A
6/31
at
100.00
1,067,851
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,2023
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Education
and
Civic
Organizations
(continued)
$
1,615
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2015A,
5.000%,
7/01/45,
144A
7/25
at
100.00
$
1,612,077
2,150
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2016A,
5.000%,
7/01/46,
144A
7/25
at
100.00
2,134,249
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2016C:
5,995
5.000%,
7/01/46,
144A
7/25
at
101.00
5,951,080
8,340
5.250%,
7/01/52,
144A
7/25
at
101.00
8,354,397
800
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Value
Schools,
Series
2016A,
6.000%,
7/01/51,
144A
7/26
at
100.00
817,879
3,430
California
State
University,
Systemwide
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
11/01/43
11/25
at
100.00
3,516,948
10,440
California
State
University,
Systemwide
Revenue
Bonds,
Series
2018A,
5.000%,
11/01/43
11/28
at
100.00
11,095,967
2,935
University
of
California,
General
Revenue
Bonds,
Limited
Project
Series
2017M,
5.000%,
5/15/52
5/27
at
100.00
3,042,377
University
of
California,
General
Revenue
Bonds,
Limited
Project
Series
2018O:
8,500
5.000%,
5/15/43
5/28
at
100.00
8,986,609
10,390
4.000%,
5/15/48
5/28
at
100.00
10,302,155
14,215
5.000%,
5/15/48
5/28
at
100.00
14,865,652
University
of
California,
General
Revenue
Bonds,
Series
2018AZ:
3,930
5.000%,
5/15/38
5/28
at
100.00
4,223,715
6,775
5.000%,
5/15/48
5/28
at
100.00
7,136,038
12,810
University
of
California,
General
Revenue
Bonds,
Series
2020BE,
4.000%,
5/15/47
5/30
at
100.00
12,806,085
Total
Education
and
Civic
Organizations
133,019,396
Financials
-
0
.0
%
(
0
.0
%
of
Total
Investments)
1,305
(c)
Cofina
Class
2
Trust
Tax-Exempt
Class
2054,
Puerto
Rico.
Unit
Exchanged
From
Cusip
74529JAP0,
0.010%,
8/01/54
No
Opt.
Call
280,758
Total
Financials
280,758
Health
Care
-
25
.4
%
(
15
.0
%
of
Total
Investments)
8,045
ABAG
Finance
Authority
for
Nonprofit
Corporations,
California,
Revenue
Bonds,
Sharp
HealthCare,
Series
2014A,
5.000%,
8/01/43
1/24
at
100.00
8,048,323
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2016B:
6,365
4.000%,
11/15/41
11/26
at
100.00
6,277,202
19,795
5.000%,
11/15/46
11/26
at
100.00
20,167,188
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2017A:
20,215
4.000%,
11/15/48
11/27
at
100.00
19,357,381
13,110
5.000%,
11/15/48
11/27
at
100.00
13,454,828
5,890
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Series
2018A,
5.000%,
11/15/38
11/27
at
100.00
6,151,168
7,960
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Refunding
Series
2016A,
4.000%,
3/01/39
3/26
at
100.00
7,649,609
7,810
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Series
2013A,
4.000%,
3/01/43
12/23
at
100.00
7,007,671
15,000
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Cedars-Sinai
Medical
Center,
Refunding
Series
2016B,
4.000%,
8/15/39
8/26
at
100.00
15,082,307
7,400
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Children's
Hospital
Los
Angeles,
Series
2017A,
5.000%,
8/15/47
8/27
at
100.00
7,473,440
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
City
of
Hope
National
Medical
Center,
Series
2019:
16,625
4.000%,
11/15/45
11/29
at
100.00
15,380,986
30,630
5.000%,
11/15/49
11/26
at
100.00
30,935,896
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Health
Care
(continued)
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
CommonSpirit
Health,
Series
2020A:
$
31,810
4.000%,
4/01/44
4/30
at
100.00
$
30,529,081
10,855
4.000%,
4/01/45
4/30
at
100.00
10,361,224
2,815
4.000%,
4/01/49
4/30
at
100.00
2,645,013
24,625
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hospital
at
Stanford,
Refunding
Forward
Delivery
Series
2022A,
4.000%,
5/15/51
5/32
at
100.00
22,679,962
2,230
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Refunding
Series
2014A,
5.000%,
10/01/38
10/24
at
100.00
2,244,953
16,375
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Series
2014B,
5.000%,
10/01/44
10/24
at
100.00
16,450,219
26,330
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Saint
Joseph
Health,
Refunding
Series
2016A,
4.000%,
10/01/47
10/26
at
100.00
24,394,089
16,185
California
Municipal
Finance
Authority,
Revenue
Bonds,
Community
Health
System,
Series
2021A,
4.000%,
2/01/51
-
AGM
Insured
2/32
at
100.00
15,042,268
California
Municipal
Finance
Authority,
Revenue
Bonds,
Eisenhower
Medical
Center,
Refunding
Series
2017A:
3,095
5.000%,
7/01/42
7/27
at
100.00
3,118,856
685
5.000%,
7/01/47
7/27
at
100.00
686,031
California
Municipal
Finance
Authority,
Revenue
Bonds,
NorthBay
Healthcare
Group,
Series
2017A:
11,830
5.250%,
11/01/36
11/26
at
100.00
11,894,270
1,420
5.250%,
11/01/41
11/26
at
100.00
1,409,997
9,335
5.000%,
11/01/47
11/26
at
100.00
8,417,034
6,770
5.250%,
11/01/47
11/26
at
100.00
6,483,240
5,330
California
Municipal
Financing
Authority,
Certificates
of
Participation,
Palomar
Health,
Series
2022A,
5.250%,
11/01/52
-
AGM
Insured
11/32
at
100.00
5,839,310
12,485
California
Public
Finance
Authority,
Revenue
Bonds,
Henry
Mayo
Newhall
Hospital,
Series
2017,
5.000%,
10/15/47
10/26
at
100.00
12,526,378
14,550
California
Public
Finance
Authority,
Revenue
Bonds,
Hoag
Memorial
Hospital
Presbyterian,
Fixed
Period
Series
2022A,
4.000%,
7/15/51
7/32
at
100.00
14,437,934
5,310
California
Statewide
Communities
Development
Authority,
California,
Redlands
Community
Hospital,
Revenue
Bonds,
Series
2016,
5.000%,
10/01/46
10/26
at
100.00
5,371,250
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2014A:
1,000
5.250%,
12/01/34
12/24
at
100.00
1,006,912
1,200
5.250%,
12/01/44
12/24
at
100.00
1,201,646
2,375
5.500%,
12/01/54
12/24
at
100.00
2,380,237
13,235
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2016A,
5.250%,
12/01/56,
144A
6/26
at
100.00
12,851,348
46,490
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2018A,
5.500%,
12/01/58,
144A
6/28
at
100.00
46,934,175
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Series
2015A:
2,345
5.000%,
3/01/35
3/26
at
100.00
2,400,456
3,000
5.000%,
3/01/45
3/26
at
100.00
3,024,096
6,465
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
John
Muir
Health,
Series
2016A,
4.000%,
8/15/51
8/26
at
100.00
6,085,093
2,475
California
Statewide
Community
Development
Authority,
Health
Revenue
Bonds,
Enloe
Medical
Center,
Refunding
Series
2022A,
5.250%,
8/15/52
-
AGM
Insured
8/32
at
100.00
2,672,708
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005A:
111
(d),(e)
5.750%,
7/01/24
1/22
at
100.00
111,201
121
(d),(e)
5.750%,
7/01/30
1/22
at
100.00
121,316
85
(d),(e)
5.750%,
7/01/35
1/22
at
100.00
84,927
115
(d),(e)
5.500%,
7/01/39
1/22
at
100.00
114,500
6,200
Madera
County,
California,
Certificates
of
Participation,
Valley
Children's
Hospital
Project,
Series
1995,
5.750%,
3/15/28
-
NPFG
Insured
1/24
at
100.00
6,372,323
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,2023
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Health
Care
(continued)
Palomar
Pomerado
Health
System,
California,
Revenue
Bonds,
Refunding
Series
2016:
$
6,250
5.000%,
11/01/36
11/26
at
100.00
$
6,336,598
4,500
4.000%,
11/01/39
11/26
at
100.00
4,039,266
9,000
University
of
California
Regents,
Medical
Center
Pooled
Revenue
Bonds,
Series
2022P,
5.000%,
5/15/47
5/32
at
100.00
9,786,220
755
Washington
Township
Health
Care
District,
California,
Revenue
Bonds,
Series
2023A,
5.750%,
7/01/53
7/33
at
100.00
791,880
Total
Health
Care
457,832,010
Housing/Multifamily
-
16
.9
%
(
10
.0
%
of
Total
Investments)
23,285
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Creekwood,
Series
2021A,
4.000%,
2/01/56,
144A
8/31
at
100.00
14,408,087
22,070
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Glendale
Properties,
Junior
Series
2021A-2,
4.000%,
8/01/47,
144A
8/31
at
100.00
16,711,084
6,250
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Glendale
Properties,
Senior
Series
2021A-1,
4.000%,
2/01/56,
144A
8/31
at
100.00
4,946,826
23,610
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Serenity
at
Larkspur
Apartments,
Series
2020A,
5.000%,
2/01/50,
144A
2/30
at
100.00
18,468,930
6,960
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Stoneridge
Apartments,
Series
2021A,
4.000%,
2/01/56,
144A
2/31
at
100.00
5,024,695
660
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Summit
at
Sausalito
Apartments,
Series
2021A-2,
4.000%,
2/01/50,
144A
8/32
at
100.00
466,566
2,090
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
The
Arbors,
Series
2020A,
5.000%,
8/01/50,
144A
8/30
at
100.00
1,877,641
1,385
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Verdant
at
Green
Valley
Apartments,
Series
2019A,
5.000%,
8/01/49,
144A
8/29
at
100.00
1,258,797
7,575
California
Community
Housing
Agency,
Workforce
Housing
Revenue
Bonds,
Annadel
Apartments,
Series
2019A,
5.000%,
4/01/49,
144A
4/29
at
100.00
5,945,436
22,395
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2019-2,
4.000%,
3/20/33
No
Opt.
Call
22,276,038
13,563
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2021-1,
3.500%,
11/20/35
No
Opt.
Call
12,613,424
5,074
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2021-3,
3.250%,
8/20/36
No
Opt.
Call
4,660,885
3,328
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series2019-1,
4.250%,
1/15/35
No
Opt.
Call
3,277,046
17,777
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Social
Certificates
Series
2023-1,
4.375%,
9/20/36
No
Opt.
Call
17,200,646
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Affordable
Housing
Inc
Projects,
Senior
Series
2014A:
1,680
5.250%,
8/15/39
8/24
at
100.00
1,691,931
2,150
5.250%,
8/15/49
8/24
at
100.00
2,158,837
California
Public
Finance
Authority,
University
Housing
Revenue
Bonds,
National
Campus
Community
Development
-
Claremont
Properties
LLC
Claremont
Colleges
Project,
Refunding
Series
2023A:
1,465
5.500%,
7/01/50,
144A
7/33
at
105.00
1,436,857
1,000
6.000%,
7/01/53,
144A
7/33
at
105.00
1,010,606
23,750
CMFA
Special
Finance
Agency
I,
California,
Essential
Housing
Revenue
Bonds,
The
Mix
at
Center
City,
Series
2021A-2,
4.000%,
4/01/56,
144A
4/31
at
100.00
16,196,581
8,060
CMFA
Special
Finance
Agency,
California,
Essential
Housing
Revenue
Bonds,
Enclave
Apartments,
Senior
Series
2022A-1,
4.000%,
8/01/58,
144A
2/32
at
100.00
5,884,134
3,265
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
777
Place-Pomona,
Senior
Lien
Series
2021A-1,
3.600%,
5/01/47,
144A
5/32
at
100.00
2,554,905
11,510
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
777
Place-Pomona,
Senior
Lien
Series
2021A-2,
3.250%,
5/01/57,
144A
5/32
at
100.00
7,792,751
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Housing/Multifamily
(continued)
$
1,720
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Acacia
on
Santa
Rosa
Creek,
Mezzanine
Lien
Series
2021B,
4.000%,
10/01/46,
144A
10/31
at
100.00
$
1,271,163
12,910
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Acacia
on
Santa
Rosa
Creek,
Senior
Lien
Series
2021A,
4.000%,
10/01/56,
144A
10/31
at
100.00
10,430,667
20,500
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Altana
Glendale,
Series
2021A-2,
4.000%,
10/01/56,
144A
10/31
at
100.00
14,692,122
23,610
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Center
City
Anaheim,
Series
2020A,
5.000%,
1/01/54,
144A
1/31
at
100.00
18,269,378
5,095
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Jefferson-Anaheim
Series
2021A-1,
2.875%,
8/01/41,
144A
8/31
at
100.00
4,249,212
7,030
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Jefferson-Anaheim
Series
2021A-2,
3.125%,
8/01/56,
144A
8/31
at
100.00
4,716,161
3,750
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Millennium
South
Bay-Hawthorne,
Series
2021A-1
and
A-2,
3.250%,
7/01/56,
144A
7/32
at
100.00
2,469,417
3,565
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Moda
at
Monrovia
Station,
Social
Series
2021A-1,
3.400%,
10/01/46,
144A
10/31
at
100.00
2,628,167
21,695
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Moda
at
Monrovia
Station,
Social
Series
2021A-2,
4.000%,
10/01/56,
144A
10/31
at
100.00
14,987,132
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Monterrey
Station
Apartments,
Senior
Lien
Series
2021A-1:
2,215
3.000%,
7/01/43,
144A
7/32
at
100.00
1,601,136
9,645
3.125%,
7/01/56,
144A
7/32
at
100.00
6,056,474
7,345
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Oceanaire-Long
Beach,
Social
Series
2021A-2,
4.000%,
9/01/56,
144A
9/31
at
100.00
5,110,087
450
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Orange
City
Portfolio,
Mezzanine
Lien
Series
2021B,
4.000%,
3/01/57,
144A
3/32
at
100.00
312,217
12,105
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Parallel-Anaheim
Series
2021A,
4.000%,
8/01/56,
144A
8/31
at
100.00
8,817,096
4,020
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Pasadena
Portfolio
Social
Bond,
Mezzanine
Senior
Series
2021B,
4.000%,
12/01/56,
144A
12/31
at
100.00
2,788,053
8,025
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Union
South
Bay,
Series
2021A-2,
4.000%,
7/01/56,
144A
7/31
at
100.00
5,704,385
2,010
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Waterscape
Apartments,
Mezzanine
Lien
Series
2021B,
4.000%,
9/01/46,
144A
9/31
at
100.00
1,621,288
5,700
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Westgate
Phase
1-Pasadena
Apartments,
Senior
Lien
Series
2021A-1,
3.000%,
6/01/47,
144A
6/31
at
100.00
3,974,188
20,760
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Westgate
Phase
1-Pasadena
Apartments,
Senior
Lien
Series
2021A-2,
3.125%,
6/01/57,
144A
6/31
at
100.00
12,895,983
21,185
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Wood
Creek
Apartments,
Senior
Lien
Series
2021A-1,
3.000%,
12/01/49
6/32
at
100.00
13,689,876
Total
Housing/Multifamily
304,146,905
Long-Term
Care
-
0
.5
%
(
0
.3
%
of
Total
Investments)
6,120
California
Municipal
Finance
Authority,
Revenue
Bonds,
HumanGood
California
Obligated
Group,
Refunding
Series
2019,
4.000%,
10/01/37
10/26
at
100.00
5,979,914
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Odd
Fellows
Home
of
California
Project,
Insured
Refunding
Series
2023A:
1,900
4.000%,
4/01/43
4/30
at
100.00
1,905,573
1,000
4.125%,
4/01/53
4/30
at
100.00
999,116
Total
Long-Term
Care
8,884,603
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,2023
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Tax
Obligation/General
-
26
.4
%
(
15
.6
%
of
Total
Investments)
$
4,125
Alameda
Unified
School
District,
Alameda
County,
California,
General
Obligation
Bonds,
Series
2004A,
0.000%,
8/01/25
-
AGM
Insured
No
Opt.
Call
$
3,904,006
4,420
Butte-Glenn
Community
College
District,
Butte
and
Glenn
Counties,
California,
General
Obligation
Bonds,
Election
2016
Series
2017A,
5.250%,
8/01/46
8/27
at
100.00
4,650,997
2,500
California
State,
General
Obligation
Bonds,
Refunding
Various
Purpose
Bid
Group
C
Series
2016,
5.000%,
9/01/32
9/26
at
100.00
2,637,153
California
State,
General
Obligation
Bonds,
Refunding
Various
Purpose
Series
2016:
2,100
5.000%,
8/01/33
8/26
at
100.00
2,211,005
4,000
5.000%,
9/01/35
9/26
at
100.00
4,211,741
3,570
California
State,
General
Obligation
Bonds,
Refunding
Various
Purpose
Series
2021.
Forward
Delivery,
5.000%,
9/01/41
9/31
at
100.00
3,973,475
50
California
State,
General
Obligation
Bonds,
Series
2013,
5.000%,
2/01/29
1/24
at
100.00
50,069
California
State,
General
Obligation
Bonds,
Series
2014:
3,075
5.000%,
12/01/43
12/23
at
100.00
3,076,387
1,000
California
State,
General
Obligation
Bonds,
Various
Purpose
Refunding
Series
2016,
5.000%,
9/01/34
9/26
at
100.00
1,053,637
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2014:
24,970
5.000%,
5/01/32
5/24
at
100.00
25,115,076
10,620
5.000%,
10/01/44
10/24
at
100.00
10,704,747
14,780
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2017,
5.000%,
11/01/47
11/27
at
100.00
15,570,454
5,000
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2018.
Bid
Group
A/B,
5.000%,
10/01/48
10/28
at
100.00
5,268,919
1,770
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2020,
4.000%,
11/01/45
11/25
at
100.00
1,772,091
2,650
Centinela
Valley
Union
High
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Series
2002A,
5.250%,
2/01/26
-
NPFG
Insured
No
Opt.
Call
2,716,743
5,400
Central
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
2016
Election
Series
2018B.,
4.000%,
8/01/48
8/26
at
100.00
5,399,479
7,860
Corona-Norco
Unified
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
Election
2014,
Series
2019C,
3.000%,
8/01/44
-
BAM
Insured
8/28
at
100.00
6,326,861
5,000
Elk
Grove
Unified
School
District,
Sacramento
County,
California,
General
Obligation
Bonds,
Election
of
2016,
Series
2017,
4.000%,
8/01/46
8/26
at
100.00
5,010,515
12,500
Glendale
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Taxable
Refunding
Series
2020B,
4.000%,
8/01/50
8/29
at
100.00
12,391,686
18,500
Grossmont
Healthcare
District,
California,
General
Obligation
Bonds,
Refunding
Series
2015D,
4.000%,
7/15/40
7/25
at
100.00
18,503,178
6,185
Grossmont-Cuyamaca
Community
College
District,
California,
General
Obligation
Bonds,
Refunding
Series
2018,
4.000%,
8/01/47
8/28
at
100.00
6,200,434
5,150
Hacienda
La
Puente
Unified
School
District
Facilities
Financing
Authority,
California,
General
Obligation
Revenue
Bonds,
Program
Series
2007,
5.000%,
8/01/26
-
AGM
Insured
No
Opt.
Call
5,473,192
3,000
Hacienda
La
Puente
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
2016
Election,
Series
2017A,
4.000%,
8/01/47
8/27
at
100.00
3,002,925
5,585
Lake
Elsinore
Unified
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
2016
Election
Series
B,
4.000%,
8/01/49
-
BAM
Insured
8/27
at
100.00
5,500,534
5,630
Lake
Tahoe
Unified
School
District,
El
Dorado
County,
California,
General
Obligation
Bonds,
Series
2010,
6.375%,
8/01/45
-
AGM
Insured
No
Opt.
Call
4,435,747
4,140
Los
Angeles
Community
College
District,
California,
General
Obligation
Bonds,
2008
Election
Series
2017J,
4.000%,
8/01/41
8/27
at
100.00
4,178,800
1,285
Los
Angeles
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Measure
Q
Series
2020C,
4.000%,
7/01/40
7/30
at
100.00
1,313,715
3,100
Manteca
Unified
School
District,
San
Joaquin
County,
California,
General
Obligation
Bonds,
Election
2014
Series
2017B,
4.000%,
8/01/42
8/27
at
100.00
3,118,576
Marin
Healthcare
District,
Marin
County,
California,
General
Obligation
Bonds,
2013
Election,
Series
2015A:
10,000
4.000%,
8/01/40
8/25
at
100.00
10,001,360
7,500
4.000%,
8/01/45
8/25
at
100.00
7,286,590
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Tax
Obligation/General
(continued)
$
4,100
Monrovia
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Series
2001B,
0.000%,
8/01/27
-
FGIC
Insured
No
Opt.
Call
$
3,636,361
6,950
Morgan
Hill
Unified
School
District,
Santa
Clara
County,
California,
General
Obligation
Bonds,
Election
2012
Series
2017B,
4.000%,
8/01/47
8/27
at
100.00
6,968,524
10,765
North
Orange
County
Community
College
District,
California,
General
Obligation
Bonds,
Election
of
2002
Series
2003B,
0.000%,
8/01/27
-
FGIC
Insured
No
Opt.
Call
9,561,419
5,000
Oakland
Unified
School
District,
Alameda
County,
California,
General
Obligation
Bonds,
Election
2020,
Series
2023A,
5.250%,
8/01/48
-
AGM
Insured
No
Opt.
Call
5,611,224
1,815
(f)
Orland
Joint
Unified
School
District,
Glenn
and
Tehama
Counties,
California,
General
Obligation
Bonds,
2008
Election,
Series
2012B,
0.000%,
8/01/51
8/37
at
100.00
1,276,750
10,330
Palomar
Pomerado
Health,
California,
General
Obligation
Bonds,
Convertible
Capital
Appreciation,
Election
2004
Series
2010A,
0.000%,
8/01/35
No
Opt.
Call
6,510,560
5,000
Paramount
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2006
Series
2011,
6.375%,
8/01/45
2/33
at
100.00
5,990,448
7,350
Pleasant
Valley
School
District,
Ventura
County,
California,
General
Obligation
Bonds,
Refunding
Series
B,
4.000%,
8/01/46
8/29
at
100.00
7,377,697
16,736
Puerto
Rico,
General
Obligation
Bonds,
Restructured
Series
2022A-1,
4.000%,
7/01/41
7/31
at
103.00
14,492,365
28,000
San
Bernardino
Community
College
District,
California,
General
Obligation
Bonds,
Election
of
2008
Series
2009B,
0.000%,
8/01/44
No
Opt.
Call
10,821,404
7,500
San
Francisco
Bay
Area
Rapid
Transit
District,
General
Obligation
Bonds,
Election
of
2016,
Green
Series
2022D-1,
4.250%,
8/01/52
2/32
at
100.00
7,602,473
9,760
San
Francisco
Community
College
District,
California,
General
Obligation
Bonds,
Election
2020
Series
2020A,
4.000%,
6/15/45
6/30
at
100.00
9,557,780
21,000
San
Marcos
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
2010
Election,
Series
2012B,
0.000%,
8/01/51
No
Opt.
Call
5,958,700
1,220
San
Mateo
Union
High
School
District,
San
Mateo
County,
California,
General
Obligation
Bonds,
Election
2010
Series
2011A,
7.000%,
7/01/51
9/41
at
100.00
865,902
4,970
San
Rafael
City
High
School
District,
Marin
County,
California,
General
Obligation
Bonds,
Series
2004B,
0.000%,
8/01/27
-
FGIC
Insured
No
Opt.
Call
4,392,148
810
Santa
Maria
Joint
Union
High
School
District,
Santa
Barbara
and
San
Luis
Obispo
Counties,
California,
General
Obligation
Bonds,
Series
2003B,
5.625%,
8/01/24
-
AGM
Insured
No
Opt.
Call
823,469
4,175
Southwestern
Community
College
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Election
of
2002,
Series
2004,
0.000%,
8/01/25
-
FGIC
Insured
No
Opt.
Call
3,953,906
5,530
(f)
Stockton
Unified
School
District,
San
Joaquin
County,
California,
General
Obligation
Bonds,
Election
2008
Series
2011D,
0.000%,
8/01/50
-
AGM
Insured
8/37
at
100.00
5,967,863
26,000
(f)
Sylvan
Union
School
District,
Stanislaus
County,
California,
General
Obligation
Bonds,
Election
of
2006,
Series
2010,
0.000%,
8/01/49
-
AGM
Insured
No
Opt.
Call
20,773,730
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2004
Election
Series
2013B:
4,740
5.500%,
8/01/38
8/24
at
100.00
4,772,833
4,830
5.500%,
8/01/40
8/24
at
100.00
4,859,977
20,510
5.000%,
8/01/43
8/24
at
100.00
20,566,091
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2012
Election
Series
2013A:
4,355
5.500%,
8/01/38
8/24
at
100.00
4,385,166
3,500
5.500%,
8/01/40
8/24
at
100.00
3,521,723
8,410
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2012
Election
Series
2015B,
4.000%,
8/01/45
8/25
at
100.00
7,889,287
Washington
Township
Health
Care
District,
California,
General
Obligation
Bonds,
2020
Election
Series
2023B:
750
4.250%,
8/01/45
-
AGM
Insured
8/33
at
100.00
764,199
2,575
5.250%,
8/01/48
8/33
at
100.00
2,817,598
140,160
(f)
Yosemite
Community
College
District,
California,
General
Obligation
Bonds,
Capital
Appreciation,
Election
2004,
Series
2010D,
0.000%,
8/01/42
No
Opt.
Call
109,436,970
Total
Tax
Obligation/General
476,216,659
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,2023
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Tax
Obligation/Limited
-
19
.4
%
(
11
.5
%
of
Total
Investments)
$
1,675
Beaumont
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Improvement
Area
19A,
Series
2015B,
5.000%,
9/01/35
9/25
at
100.00
$
1,708,372
1,655
Bell
Community
Housing
Authority,
California,
Lease
Revenue
Bonds,
Series
2005,
5.000%,
10/01/36
-
AMBAC
Insured
1/24
at
100.00
1,660,558
615
Brentwood
Infrastructure
Financing
Authority,
California,
Infrastructure
Revenue
Bonds,
Refunding
Subordinated
Series
2014B,
5.000%,
9/02/36
9/24
at
100.00
618,438
1,200
California
Infrastructure
and
Economic
Development
Bank,
Lease
Revenue
Bonds,
California
State
Teachers
Retirement
System
Headquarters
Expansion,
Green
Bond-Climate
Bond
Certified
Series
2019,
5.000%,
8/01/44
8/29
at
100.00
1,269,360
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Department
of
Corrections
&
Rehabilitation,
Series
2013G:
10,690
5.250%,
9/01/30
1/24
at
100.00
10,706,114
18,135
5.250%,
9/01/32
1/24
at
100.00
18,162,337
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Department
of
Corrections
&
Rehabilitation,
Various
Correctional
Facilities
Series
2013F:
8,685
5.250%,
9/01/31
1/24
at
100.00
8,698,092
1,450
5.250%,
9/01/33
1/24
at
100.00
1,452,185
10,525
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Department
of
Corrections
&
Rehabilitation,
Various
Correctional
Facilities
Series
2014A,
5.000%,
9/01/39
9/24
at
100.00
10,594,481
17,395
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Judicial
Council
of
California,
New
Stockton
Courthouse,
Series
2014B,
5.000%,
10/01/39
10/24
at
100.00
17,523,951
13,520
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Various
Capital
Projects,
Series
2014E,
5.000%,
9/01/39
9/24
at
100.00
13,609,252
2,550
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2017C,
5.000%,
9/02/47
9/27
at
100.00
2,585,208
2,000
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2018A,
5.000%,
9/02/47
9/28
at
100.00
2,036,823
545
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Series
2022A-1,
5.000%,
6/01/51
12/31
at
100.00
559,483
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D:
9,000
5.000%,
11/15/32
11/25
at
100.00
9,108,709
11,000
5.000%,
11/15/39
11/25
at
100.00
11,000,443
Jurupa
Public
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2014A:
530
5.000%,
9/01/29
9/24
at
100.00
537,406
1,900
5.000%,
9/01/30
9/24
at
100.00
1,925,989
1,220
5.000%,
9/01/31
9/24
at
100.00
1,236,238
1,955
Jurupa
Public
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2015A,
5.000%,
9/01/43
9/25
at
100.00
1,994,830
810
Lake
Elsinore
Public
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Refunding
Series
2015,
5.000%,
9/01/40
9/25
at
100.00
817,672
1,000
Lathrop,
California,
Limited
Obligation
Improvement
Bonds,
Crossroads
Assessment
District,
Series
2015,
5.000%,
9/02/40
9/25
at
100.00
1,003,819
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Measure
R
Sales
Tax
Revenue
Bonds,
Senior
Series
2016A:
5,125
5.000%,
6/01/36
6/26
at
100.00
5,351,565
5,620
5.000%,
6/01/37
6/26
at
100.00
5,848,648
10,455
5.000%,
6/01/38
6/26
at
100.00
10,844,023
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Proposition
C
Sales
Tax
Revenue
Bonds,
Green
Senior
Lien
Series
2019A:
5,000
5.000%,
7/01/39
7/28
at
100.00
5,375,580
20,735
5.000%,
7/01/44
7/28
at
100.00
22,030,734
3,995
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Proposition
C
Sales
Tax
Revenue
Bonds,
Senior
Lien
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
4,205,266
2,000
Los
Angeles
County
Public
Works
Financing
Authority,
California,
Lease
Revenue
Bonds,
Series
2019E-1,
5.000%,
12/01/49
12/29
at
100.00
2,117,237
1,835
Modesto,
California,
Speical
Tax
Bonds,
Community
Faclities
District
2004-1
Village
One
2,
Refunding
Series
2014,
5.000%,
9/01/31
9/24
at
100.00
1,857,333
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Tax
Obligation/Limited
(continued)
$
1,000
Norco
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Project
Area
1,
Series
2009,
7.000%,
3/01/34
1/24
at
100.00
$
1,003,178
6,815
Ontario
Redevelopment
Financing
Authority,
San
Bernardino
County,
California,
Revenue
Bonds,
Redevelopment
Project
1,
Refunding
Series
1995,
7.400%,
8/01/25
-
NPFG
Insured
No
Opt.
Call
7,023,879
6,055
Orange
County
Local
Transportation
Authority,
California,
Measure
M2
Sales
Tax
Revenue
Bonds,
Limited
Tax
Series
2019,
5.000%,
2/15/41
2/29
at
100.00
6,548,312
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
14,741
0.000%,
7/01/51
7/28
at
30.01
3,207,055
85,962
5.000%,
7/01/58
7/28
at
100.00
83,561,924
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2:
5,500
4.329%,
7/01/40
7/28
at
100.00
5,219,757
43
4.536%,
7/01/53
7/28
at
100.00
39,297
8,185
4.784%,
7/01/58
7/28
at
100.00
7,710,800
3,500
Rancho
Cucamonga
Redevelopment
Agency
Successor
Agency,
California,
Tax
Allocation
Bonds,
Rancho
Redevelopment
Project,
Series
2014,
5.000%,
9/01/30
9/24
at
100.00
3,539,820
815
River
Islands
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2003-1
Improvement
Area
1,
Refunding
Series
2022A-1,
4.250%,
9/01/47
-
AGM
Insured
9/29
at
103.00
801,421
5,000
Riverside
County
Transportation
Commission,
California,
Sales
Tax
Revenue
Bonds,
Refunding
Limited
Tax
Series
2017B,
5.000%,
6/01/38
12/27
at
100.00
5,312,744
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
04-2
Lake
Hill
Crest,
Series
2012:
990
5.000%,
9/01/29
3/24
at
100.00
993,494
2,615
5.000%,
9/01/35
3/24
at
100.00
2,622,567
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
05-8
Scott
Road,
Series
2013:
555
5.000%,
9/01/30
1/24
at
100.00
555,556
3,120
5.000%,
9/01/42
1/24
at
100.00
3,121,058
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Westpark,
Refunding
Series
2015:
385
5.000%,
9/01/31
9/25
at
100.00
392,575
575
5.000%,
9/01/37
9/25
at
100.00
582,828
4,250
Sacramento
City
Financing
Authority,
California,
Tax
Allocation
Revenue
Bonds,
Merged
Downtown
Sacramento
and
Oak
Park
Projects,
Series
2005A,
0.000%,
12/01/31
-
FGIC
Insured
No
Opt.
Call
3,156,171
San
Buenaventura
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merged
Project
Areas,
Series
2008:
840
7.750%,
8/01/28
1/24
at
100.00
843,063
1,325
8.000%,
8/01/38
1/24
at
100.00
1,329,904
255
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Special
Tax
Bonds,
Community
Facilities
District 6
Mission
Bay
South
Public
Improvements,
Refunding
Series
2013A,
5.000%,
8/01/33
2/24
at
100.00
256,109
1,775
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Special
Tax
Bonds,
Community
Facilities
District
7,
Hunters
Point
Shipyard
Phase
One
Improvements,
Refunding
Series
2014,
5.000%,
8/01/39
8/24
at
100.00
1,782,922
5,000
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Tax
Allocation
Bonds,
Mission
Bay
North
Redevelopment
Project,
Refunding
Series
2016A,
5.000%,
8/01/41
-
NPFG
Insured
8/26
at
100.00
5,165,137
785
Signal
Hill
Redevelopment
Agency,
California,
Project
1
Tax
Allocation
Bonds,
Series
2011,
7.000%,
10/01/26
1/24
at
100.00
787,040
2,500
Stockton
Public
Financing
Authority,
California,
Revenue
Bonds,
Arch
Road
East
Community
Facility
District
99-02,
Series
2018A,
5.000%,
9/01/37
9/25
at
103.00
2,593,994
Temecula
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
16-01,
Series
2017:
960
5.500%,
9/01/27,
144A
No
Opt.
Call
1,004,129
1,435
5.750%,
9/01/32,
144A
9/27
at
100.00
1,535,157
5,520
6.250%,
9/01/47,
144A
9/27
at
100.00
5,751,844
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,2023
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Tax
Obligation/Limited
(continued)
$
1,350
Temecula
Valley
Unified
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2002-1
Improvement
Area
1,
Series
2012,
5.000%,
9/01/33
1/24
at
100.00
$
1,351,286
1,700
Tracy,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-1
Tracy
Hills, Improvement
Area
2,
Series
2023,
5.750%,
9/01/48
9/29
at
103.00
1,774,662
Transbay
Joint
Powers
Authority,
California,
Tax
Allocation
Bonds,
Senior
Green
Series
2020A:
4,315
5.000%,
10/01/45
4/30
at
100.00
4,374,580
7,285
5.000%,
10/01/49
4/30
at
100.00
7,334,127
1,535
Virgin
Islands
Public
Finance
Authority,
Gross
Receipts
Taxes
Loan
Note,
Refunding
Series
2012A,
5.000%,
10/01/32
-
AGM
Insured
1/24
at
100.00
1,535,835
Total
Tax
Obligation/Limited
349,252,371
Transportation
-
25
.7
%
(
15
.2
%
of
Total
Investments)
10,000
Bay
Area
Toll
Authority,
California,
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Subordinate
Fixed
Rate
Series
2017S-7,
4.000%,
4/01/37
4/27
at
100.00
10,103,087
7,775
California
Municipal
Finance
Authority,
Special
Facility
Revenue
Bonds,
United
Airlines,
Inc.
Los
Angeles
International
Airport
Project,
Series
2019,
4.000%,
7/15/29,
(AMT)
No
Opt.
Call
7,528,561
1,200
Long
Beach,
California,
Harbor
Revenue
Bonds,
Series
2015D,
5.000%,
5/15/42
5/25
at
100.00
1,222,550
7,500
Long
Beach,
California,
Harbor
Revenue
Bonds,
Series
2019A,
5.000%,
5/15/49
5/29
at
100.00
7,995,767
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
&
Subordinate
Series
2022C:
3,730
4.000%,
5/15/41,
(AMT)
5/32
at
100.00
3,655,957
4,000
3.250%,
5/15/49,
(AMT)
5/32
at
100.00
3,066,337
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
Subordinate
Lien
Private
Activity
Series
2021A:
4,160
5.000%,
5/15/46,
(AMT)
5/31
at
100.00
4,321,092
13,625
5.000%,
5/15/51,
(AMT)
5/31
at
100.00
14,067,916
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Lien
Series
2015D:
2,000
5.000%,
5/15/36,
(AMT)
5/25
at
100.00
2,009,500
24,920
5.000%,
5/15/41,
(AMT)
5/25
at
100.00
25,029,319
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Series
2022H:
4,850
5.000%,
5/15/42,
(AMT)
11/31
at
100.00
5,115,857
5,080
5.000%,
5/15/52,
(AMT)
11/31
at
100.00
5,256,336
24,405
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2016B,
5.000%,
5/15/46,
(AMT)
5/26
at
100.00
24,580,438
3,310
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2018C,
5.000%,
5/15/44,
(AMT)
11/27
at
100.00
3,374,458
5,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2018D,
5.000%,
5/15/48,
(AMT)
5/29
at
100.00
5,112,378
5,485
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2019E,
5.000%,
5/15/44
11/28
at
100.00
5,803,077
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2021D:
945
5.000%,
5/15/37,
(AMT)
11/31
at
100.00
1,017,796
22,230
5.000%,
5/15/46,
(AMT)
11/31
at
100.00
23,139,303
3,750
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2022A,
5.000%,
5/15/45,
(AMT)
5/32
at
100.00
3,935,956
4,780
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Second
Lien
Bonds,
RCTC
91
Express
Lanes,
Refunding
Series
2021C,
4.000%,
6/01/47
6/31
at
100.00
4,362,780
7,750
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Senior
Lien
Bonds,
RCTC
91
Express
Lanes,
Refunding
Series
2021B-1,
4.000%,
6/01/46
6/31
at
100.00
7,263,283
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Transportation
(continued)
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
International
Senior
Series
2023B:
$
23,740
5.000%,
7/01/53,
(AMT)
7/33
at
100.00
$
24,564,146
20,000
5.250%,
7/01/58,
(AMT)
7/33
at
100.00
20,983,880
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Refunding
Subordinate
Series
2019A:
3,600
5.000%,
7/01/34
7/29
at
100.00
3,994,360
1,250
5.000%,
7/01/36
7/29
at
100.00
1,373,792
6,000
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Subordinate
Series
2021A,
4.000%,
7/01/51
7/31
at
100.00
5,737,499
San
Francisco
Airport
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Refunding
Second
Series
2023C:
16,410
5.500%,
5/01/42,
(AMT)
5/33
at
100.00
18,212,422
11,000
5.500%,
5/01/43,
(AMT)
5/33
at
100.00
12,178,087
34,270
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Governmental
Purpose
Second
Series
2017B,
5.000%,
5/01/47
5/27
at
100.00
35,447,363
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Refunding
Second
Series
2019A:
3,040
5.000%,
5/01/38,
(AMT)
5/29
at
100.00
3,167,818
43,180
5.000%,
5/01/44,
(AMT)
5/29
at
100.00
44,296,570
25,885
5.000%,
5/01/49,
(AMT)
5/29
at
100.00
26,357,893
22,835
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2016B,
5.000%,
5/01/46,
(AMT)
5/26
at
100.00
22,908,652
10,910
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2017A,
5.000%,
5/01/42,
(AMT)
5/27
at
100.00
11,120,949
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2018D:
3,780
5.000%,
5/01/48,
(AMT)
5/28
at
100.00
3,841,178
24,820
5.250%,
5/01/48,
(AMT)
5/28
at
100.00
25,526,593
4,900
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019E,
5.000%,
5/01/40,
(AMT)
5/29
at
100.00
5,074,566
7,510
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019F,
5.000%,
5/01/50
5/29
at
100.00
7,879,935
16,936
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Refunding
Senior
Lien
Toll
Road
Revenue
Bonds,
Series
2021A,
4.000%,
1/15/50
1/32
at
100.00
16,564,505
6,250
San
Jose,
California,
Airport
Revenue
Bonds,
Refunding
Series
2017A,
5.000%,
3/01/47,
(AMT)
3/27
at
100.00
6,271,329
Total
Transportation
463,463,285
U.S.
Guaranteed
-
17
.7
%
(
10
.4
%
of
Total
Investments)
(g)
18,400
Antelope
Valley
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2017A,
5.250%,
8/01/42,
(Pre-refunded
2/15/27)
2/27
at
100.00
19,954,285
1,285
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2015A,
5.000%,
8/15/43,
(Pre-refunded
8/15/25)
8/25
at
100.00
1,328,140
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2016B:
12,880
5.000%,
11/15/46,
(Pre-refunded
11/15/26)
11/26
at
100.00
13,747,653
16,250
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Series
2016A,
5.000%,
11/15/46,
(Pre-refunded
11/15/25)
11/25
at
100.00
16,951,626
18,250
California
Municipal
Finance
Authority,
Revenue
Bonds,
Pomona
College,
Series
2017,
5.000%,
1/01/48,
(Pre-refunded
1/01/28)
1/28
at
100.00
19,989,608
9,950
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Various
Capital
Projects,
Series
2013I,
5.000%,
11/01/38,
(Pre-refunded
1/02/24)
1/24
at
100.00
9,960,334
5,500
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Buck
Institute
for
Research
on
Aging,
Series
2014,
5.000%,
11/15/44,
(Pre-
refunded
11/15/24)
-
AGM
Insured
11/24
at
100.00
5,603,725
2,670
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Huntington
Memorial
Hospital,
Refunding
Series
2014B,
5.000%,
7/01/44,
(Pre-refunded
7/01/24)
7/24
at
100.00
2,699,442
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,2023
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
U.S.
Guaranteed
(g)
(continued)
$
7,500
Desert
Community
College
District,
Riverside
County,
California,
General
Obligation
Bonds,
Refunding
Series
2016,
5.000%,
8/01/37,
(Pre-refunded
2/01/26)
2/26
at
100.00
$
7,853,062
20,725
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Junior
Lien
Series
2013C,
6.500%,
1/15/43,
(Pre-
refunded
1/15/24)
1/24
at
100.00
20,802,768
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Series
2013A:
45,735
5.750%,
1/15/46,
(Pre-refunded
1/15/24)
1/24
at
100.00
45,869,754
45,725
6.000%,
1/15/53,
(Pre-refunded
1/15/24)
1/24
at
100.00
45,870,945
Golden
State
Tobacco
Securitization
Corporation,
California,
Enhanced
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Refunding
Series
2015A:
1,790
5.000%,
6/01/40,
(Pre-refunded
6/01/25)
6/25
at
100.00
1,845,034
1,460
5.000%,
6/01/40,
(Pre-refunded
6/01/25)
6/25
at
100.00
1,504,888
86,320
5.000%,
6/01/45,
(Pre-refunded
6/01/25)
6/25
at
100.00
88,973,926
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2021D:
55
5.000%,
5/15/37,
(Pre-refunded
11/15/31),
(AMT)
11/31
at
100.00
61,242
70
5.000%,
5/15/46,
(Pre-refunded
11/15/31),
(AMT)
11/31
at
100.00
77,945
4,000
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2014B,
5.000%,
7/01/43,
(Pre-refunded
1/01/24)
1/24
at
100.00
4,005,688
5,840
Orange
County
Water
District,
California,
Revenue
Certificates
of
Participation,
Series
1999A,
5.375%,
8/15/29,
(ETM)
No
Opt.
Call
6,452,939
905
Orange
County
Water
District,
California,
Revenue
Certificates
of
Participation,
Series
2003B,
5.000%,
8/15/34,
(Pre-refunded
8/15/32)
-
NPFG
Insured
8/32
at
100.00
1,063,744
2,000
Puerto
Rico
Public
Finance
Corporation,
Commonwealth
Appropriation
Bonds,
Series
2002E,
6.000%,
8/01/26,
(ETM)
No
Opt.
Call
2,158,377
1,460
Rohnert
Park
Community
Development
Commission,
California,
Tax
Allocation
Bonds,
Redevelopment
Project
Series
2007R,
5.000%,
8/01/37
-
FGIC
Insured,
(ETM)
1/24
at
100.00
1,524,804
Total
U.S.
Guaranteed
318,299,929
Utilities
-
28
.6
%
(
16
.9
%
of
Total
Investments)
44,950
California
Community
Choice
Financing
Authority,
Clean
Energy
Project
Revenue
Bonds,
Green
Series
2023G,
5.250%,
11/01/54
No
Opt.
Call
46,826,663
California
Pollution
Control
Financing
Authority,
Water
Furnishing
Revenue
Bonds,
Poseidon
Resources
Channelside
LP
Desalination
Project,
Series
2012:
3,925
5.000%,
7/01/37,
(AMT),
144A
7/24
at
100.00
3,925,797
69,535
5.000%,
11/21/45,
(AMT),
144A
7/24
at
100.00
69,075,311
85
California
Statewide
Community
Development
Authority,
Water
and
Wastewater
Revenue
Bonds,
Pooled
Financing
Program,
Series
2004A,
5.250%,
10/01/24
-
AGM
Insured
1/24
at
100.00
85,151
2,200
East
Bay
Municipal
Utility
District,
Alameda
and
Contra
Costa
Counties,
California,
Water
System
Revenue
Bonds,
Green
Series
2017A,
5.000%,
6/01/45
6/27
at
100.00
2,302,062
5,000
East
Bay
Municipal
Utility
District,
Alameda
and
Contra
Costa
Counties,
California,
Water
System
Revenue
Bonds,
Green
Series
2019A,
5.000%,
6/01/49
6/29
at
100.00
5,314,866
10,000
East
Bay
Municipal
Utility
District,
Alameda
and
Contra
Costa
Counties,
California,
Water
System
Revenue
Bonds,
Series
2014C,
5.000%,
6/01/44
6/24
at
100.00
10,054,347
Long
Beach
Bond
Finance
Authority,
California,
Natural
Gas
Purchase
Revenue
Bonds,
Series
2007A:
14,140
5.000%,
11/15/35
No
Opt.
Call
15,000,595
7,610
5.500%,
11/15/37
No
Opt.
Call
8,451,948
24,070
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2015E,
5.000%,
7/01/44
7/24
at
100.00
24,187,474
47,705
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2017A,
5.000%,
7/01/47
1/27
at
100.00
49,318,908
12,870
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2018A,
5.000%,
7/01/38
1/28
at
100.00
13,720,833
8,980
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2019A,
5.000%,
7/01/45
1/29
at
100.00
9,526,699
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Utilities
(continued)
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2020B:
$
8,960
5.000%,
7/01/40
7/30
at
100.00
$
9,834,156
5,105
5.000%,
7/01/45
7/30
at
100.00
5,528,221
26,625
5.000%,
7/01/50
7/30
at
100.00
28,502,915
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2022B:
4,000
5.000%,
7/01/47
7/32
at
100.00
4,381,350
6,500
5.000%,
7/01/52
7/32
at
100.00
7,068,194
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2022C:
3,000
5.000%,
7/01/39
1/32
at
100.00
3,366,498
2,325
5.000%,
7/01/41
1/32
at
100.00
2,590,737
3,500
Los
Angeles
Department
of
Water
and
Power,
California,
Water
System
Revenue
Bonds,
Series
2022B,
5.000%,
7/01/52
1/32
at
100.00
3,800,826
2,875
Los
Angeles
Department
of
Water
and
Power,
California,
Water
System
Revenue
Bonds,
Series
2023A,
5.000%,
7/01/49
7/33
at
100.00
3,168,218
10,000
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2016A,
5.000%,
7/01/46
1/26
at
100.00
10,228,050
50,385
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2017A,
5.000%,
7/01/44
1/27
at
100.00
52,306,810
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2020C:
2,000
5.000%,
7/01/36
7/30
at
100.00
2,256,866
3,000
5.000%,
7/01/38
7/30
at
100.00
3,326,478
5,000
Los
Angeles,
California,
Wastewater
System
Revenue
Bonds,
Green
Subordinate
Series
2018A,
5.000%,
6/01/43
6/28
at
100.00
5,293,539
Los
Angeles,
California,
Wastewater
System
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2013A:
1,245
5.000%,
6/01/34
12/23
at
100.00
1,245,398
6,840
5.000%,
6/01/35
12/23
at
100.00
6,842,156
5,025
Metropolitan
Water
District
of
Southern
California,
Water
Revenue
Bonds,
Refunding
Series
2020C,
5.000%,
7/01/38
7/30
at
100.00
5,601,268
6,500
Metropolitan
Water
District
of
Southern
California,
Water
Revenue
Bonds,
Refunding
Series
2023A,
5.000%,
4/01/53
4/33
at
100.00
7,145,742
7,525
Moulton
Niguel
Water
District,
California,
Certificates
of
Participation,
Series
2019,
3.000%,
9/01/44
3/29
at
100.00
6,208,144
2,820
Orange
County
Sanitation
District,
California,
Wastewater
Revenue
Bonds,
Refunding
Series
2016A,
5.000%,
2/01/35
2/26
at
100.00
2,925,337
4,415
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A,
5.000%,
7/01/47,
144A
7/30
at
100.00
4,283,965
2,950
Sacramento
County
Sanitation
Districts
Financing
Authority,
California,
Revenue
Bonds,
Sacramento
Regional
County
Sanitation
District,
Series
2020A,
5.000%,
12/01/50
12/30
at
100.00
3,173,437
16,670
Sacramento
Municipal
Utility
District,
California,
Electric
Revenue
Bonds,
Climate
Certified
Green
Series
2023K,
5.000%,
8/15/53
8/33
at
100.00
18,210,736
1,510
Sacramento
Municipal
Utility
District,
California,
Electric
Revenue
Bonds,
Series
2020H,
5.000%,
8/15/50
8/30
at
100.00
1,616,747
7,000
Sacremento
Municipal
Utility
District,
California,
Electric
Revenue
Bonds,
Series
2019G,
5.000%,
8/15/41
8/29
at
100.00
7,587,056
4,000
San
Diego
Public
Facilities
Financing
Authority,
California,
Water
Revenue
Bonds,
Senior
Series
2023A,
4.000%,
8/01/52
8/33
at
100.00
4,015,446
1,180
San
Diego
Public
Facilities
Financing
Authority,
California,
Water
Utility
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2016B,
5.000%,
8/01/37
8/26
at
100.00
1,232,583
2,555
Santa
Clara
Valley
Water
District,
California,
Water
System
Revenue
Bonds,
Refunding Series
2020A,
5.000%,
6/01/50
6/30
at
100.00
2,744,998
Southern
California
Public
Power
Authority,
California,
Revenue
Bonds,
Apex
Power
Project
Series
2014A:
1,565
5.000%,
7/01/35
7/24
at
100.00
1,575,299
1,500
5.000%,
7/01/38
7/24
at
100.00
1,506,303
4,000
Southern
California
Public
Power
Authority,
Natural
Gas
Project
1
Revenue
Bonds,
Series
2007A,
5.000%,
11/01/33
No
Opt.
Call
4,239,762
Nuveen
California
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,2023
(Unaudited)
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:
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Utilities
(continued)
$
31,970
Southern
California
Public
Power
Authority,
Southern
Transmission
System
Renewal
Project
Revenue
Bonds,
Series
2023-1A,
5.000%,
7/01/48
7/33
at
100.00
$
35,405,288
Total
Utilities
515,003,177
Total
Municipal
Bonds
(cost
$3,049,956,891)
3,047,108,266
Total
Long-Term
Investments
(cost
$3,049,956,891)
3,047,108,266
MFP
Shares,
Net
-
(17.7)%
(h)
(
319,880,828
)
VRDP
Shares,
Net
-
(50.2)%
(i)
(
905,365,867
)
Other
Assets
&
Liabilities,
Net
-
(1.2)%
(
19,393,495
)
Net
Assets
Applicable
to
Common
Shares
-
100%
$
1,802,468,076
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
3,046,676,322
$
431,944
$
3,047,108,266
Total
$
–
$
3,046,676,322
$
431,944
$
3,047,108,266
(a)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
(b)
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.
(c)
Effective
February
12,
2019,
the
par
value
of
the
original
bonds
was
replaced
with
taxable
and
tax
exempt
Puerto
Rico
Sales
Tax
Financing
Corporation
(commonly
known
as
COFINA)
bond
units
that
are
collateralized
by
a
bundle
of
zero
and
coupon
paying
bonds.
The
quantity
shown
represents
units
in
a
trust,
which
were
assigned
according
to
the
original
bond’s
accreted
value.
These
securities
do
not
have
a
stated
coupon
interest
rate
and
income
will
be
recognized
through
accretion
of
the
discount
associated
with
the
trust
units.
The
factor
at
which
these
units
accrete
can
also
decrease,
primarily
for
principal
payments
generated
from
coupon
payments
received
or
dispositions
of
the
underlying
bond
collateral.
The
quantity
of
units
will
not
change
as
a
result
of
these
principal
payments.
(d)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(e)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(f)
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.
(g)
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.
(h)
MFP
Shares,
Net
as
a
percentage
of
Total
Investments
is
10.5%.
(i)
VRDP
Shares,
Net
as
a
percentage
of
Total
Investments
is
29.7%.
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
WI/DD
When-issued
or
delayed
delivery
security.
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