Nuveen AMT-Free Quality Municipal Income Fund

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21213

Nuveen AMT-Free Quality Municipal Income Fund

(Exact name of registrant as specified in charter)

Nuveen Investments

    333 West Wacker Drive, Chicago, Illinois 60606    

(Address of principal executive offices) (Zip code)

Gifford R. Zimmerman

Vice President and Secretary

    333 West Wacker Drive, Chicago, Illinois 60606    

(Name and address of agent for service)

Registrant’s telephone number, including area code:     312-917-7700    

Date of fiscal year end:       October 31      

Date of reporting period: July 31, 2018

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

 

 

 


Item 1. Schedule of Investments

 

 


NEA
Nuveen AMT-Free Quality Municipal Income Fund
Portfolio of Investments    July 31, 2018
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 158.6% (100.0% of Total Investments)        
    MUNICIPAL BONDS – 158.6% (100.0% of Total Investments)        
    Alabama – 0.9% (0.6% of Total Investments)        
$ 4,250   Infirmary Health System Special Care Facilities Financing Authority of Mobile, Alabama, Revenue Bonds, Infirmary Health System, Inc., Series 2016A, 5.000%, 2/01/41   2/26 at 100.00 BBB+ $4,597,310
20,675   Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/46   No Opt. Call A3 24,853,831
4,900   Mobile Spring Hill College Educational Building Authority, Alabama, Revenue Bonds, Spring Hill College Project, Series 2015, 5.875%, 4/15/45   4/25 at 100.00 N/R 4,900,931
29,825   Total Alabama       34,352,072
    Alaska – 0.7% (0.4% of Total Investments)        
    Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A:        
17,040   5.000%, 6/01/32   9/18 at 100.00 B3 17,139,002
10,070   5.000%, 6/01/46   9/18 at 100.00 B3 10,128,507
27,110   Total Alaska       27,267,509
    Arizona – 2.4% (1.5% of Total Investments)        
1,460   Apache County Industrial Development Authority, Arizona, Pollution Control Revenue Bonds, Tucson Electric Power Company, Series 20102A, 4.500%, 3/01/30   3/22 at 100.00 A- 1,558,360
1,025   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2017A, 5.000%, 7/01/51   7/27 at 100.00 AA- 1,123,728
    Arizona State, Certificates of Participation, Series 2010A:        
2,800   5.250%, 10/01/28  –  AGM Insured   10/19 at 100.00 Aa3 2,911,692
3,500   5.000%, 10/01/29  –  AGM Insured   10/19 at 100.00 Aa3 3,628,345
7,500   Arizona State, State Lottery Revenue Bonds, Series 2010A, 5.000%, 7/01/29  –  AGC Insured   1/20 at 100.00 A1 7,827,000
7,115   Lake Havasu City, Arizona, Wastewater System Revenue Bonds, Refunding Senior Lien Series 2015B, 5.000%, 7/01/43  –  AGM Insured   7/25 at 100.00 A2 7,889,539
    Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Refunding Series 2016A:        
5,135   4.000%, 1/01/36   1/27 at 100.00 AA- 5,339,630
10,000   5.000%, 1/01/38 (UB) (4)   1/27 at 100.00 AA- 11,310,400
10,780   Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2010A, 5.000%, 7/01/40 (Pre-refunded 7/01/20)   7/20 at 100.00 A+ (5) 11,453,211
    Phoenix Civic Improvement Corporation, Arizona, Revenue Bonds, Civic Plaza Expansion Project, Series 2005B:        
6,545   5.500%, 7/01/37  –  FGIC Insured   No Opt. Call AA 8,558,700
10,000   5.500%, 7/01/40  –  FGIC Insured   No Opt. Call AA 13,318,700
1


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Arizona (continued)        
$ 3,000   Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Series 2018A, 5.000%, 8/01/47   8/28 at 100.00 AA $3,450,600
11,320   Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc. Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37   No Opt. Call BBB+ 13,460,386
80,180   Total Arizona       91,830,291
    Arkansas – 0.1% (0.1% of Total Investments)        
5,080   Independence County, Arkansas, Hydroelectric Power Revenue Bonds, Series 2003, 5.350%, 5/01/28  –  ACA Insured   10/18 at 100.00 N/R 4,678,782
    California – 13.2% (8.3% of Total Investments)        
22,880   Alameda Corridor Transportation Authority, California, Revenue Bonds, Senior Lien Series 1999A, 0.000%, 10/01/32  –  NPFG Insured   No Opt. Call A- 13,518,190
4,225   Alameda Unified School District, Alameda County, California, General Obligation Bonds, Series 2005B, 0.000%, 8/01/28  –  AGM Insured   No Opt. Call AA 3,131,021
15,870   Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C, 0.000%, 9/01/20  –  AGM Insured   No Opt. Call A2 15,317,565
3,450   Antelope Valley Joint Union High School District, Los Angeles and Kern Counties, California, General Obligation Bonds, Series 2004B, 0.000%, 8/01/29  –  NPFG Insured   No Opt. Call A1 2,373,497
    Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2009F-1:        
2,500   5.125%, 4/01/39 (Pre-refunded 4/01/19)   4/19 at 100.00 Aa3 (5) 2,564,825
2,500   5.625%, 4/01/44 (Pre-refunded 4/01/19)   4/19 at 100.00 Aa3 (5) 2,573,050
    Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2013S-4:        
5,000   5.000%, 4/01/38 (Pre-refunded 4/01/23)   4/23 at 100.00 AA- (5) 5,736,700
6,500   5.250%, 4/01/53 (Pre-refunded 4/01/23)   4/23 at 100.00 A1 (5) 7,530,250
10,000   Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2014F-1, 5.000%, 4/01/54   4/24 at 100.00 Aa3 11,039,700
8,000   Beverly Hills Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2009, 0.000%, 8/01/33   No Opt. Call AA+ 4,947,600
    Burbank Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2015A:        
2,250   0.000%, 8/01/32   2/25 at 100.00 AA- 1,983,983
1,350   0.000%, 8/01/33   2/25 at 100.00 AA- 1,186,610
7,845   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2006A, 5.600%, 6/01/36   12/18 at 100.00 B2 7,898,581
    California Department of Water Resources, Central Valley Project Water System Revenue Bonds, Series 2009-AF:        
2,090   5.000%, 12/01/29 (Pre-refunded 12/01/18)   12/18 at 100.00 Aa1 (5) 2,116,000
2,910   5.000%, 12/01/29 (Pre-refunded 12/01/18)   12/18 at 100.00 AA+ (5) 2,946,200
2


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    California (continued)        
    California Educational Facilities Authority, Revenue Refunding Bonds, Loyola Marymount University, Series 2001A:        
$ 3,255   0.000%, 10/01/23  –  NPFG Insured   No Opt. Call A2 $2,880,642
5,890   0.000%, 10/01/24  –  NPFG Insured   No Opt. Call A2 5,019,929
7,615   0.000%, 10/01/25  –  NPFG Insured   No Opt. Call A2 6,235,238
1,350   0.000%, 10/01/39  –  NPFG Insured   No Opt. Call A2 585,077
3,330   California Health Facilities Financing Authority, Refunding Revenue Bonds, Stanford Hospital and Clinics, Series 2008A-2. RMKT, 5.250%, 11/15/40 (Pre-refunded 11/15/21)   11/21 at 100.00 AA- (5) 3,720,909
    California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Series 2012A:        
3,000   5.000%, 8/15/51 (UB) (4)   8/22 at 100.00 A+ 3,271,740
10,000   5.000%, 8/15/51   8/22 at 100.00 A+ 10,905,800
2,550   California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services, Series 2009B, 5.500%, 10/01/39   10/19 at 100.00 AA- 2,663,858
530   California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A, 5.000%, 7/01/37   7/23 at 100.00 AA- 587,277
1,710   California Health Facilities Financing Authority, Revenue Bonds, Scripps Health, Series 2012A, 5.000%, 11/15/40   11/21 at 100.00 Aa3 1,876,332
    California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2016-XG0049:        
485   8.452%, 8/15/51 (IF),144A (4)   8/22 at 100.00 AA- 577,460
525   8.458%, 8/15/51 (IF),144A (4)   8/22 at 100.00 AA- 625,175
1,285   8.458%, 8/15/51 (IF),144A (4)   8/22 at 100.00 AA- 1,530,191
1,500   California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017A, 5.000%, 7/01/42   7/27 at 100.00 BBB- 1,642,095
2,330   California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series 2010A, 5.750%, 7/01/40 (Pre-refunded 7/01/20)   7/20 at 100.00 Baa2 (5) 2,512,416
965   California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017, 5.000%, 10/15/47   10/26 at 100.00 BBB- 1,032,560
2,930   California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2013I, 5.000%, 11/01/38   11/23 at 100.00 A+ 3,289,540
    California State, Economic Recovery Revenue Bonds, Refunding Series 2009A:        
1,460   5.250%, 7/01/21 (Pre-refunded 7/01/19)   7/19 at 100.00 AA+ (5) 1,512,472
2,540   5.250%, 7/01/21 (Pre-refunded 7/01/19)   7/19 at 100.00 AA+ (5) 2,631,288
5,000   California State, General Obligation Bonds, Refunding Various Purpose Series 2017, 4.000%, 8/01/36   8/26 at 100.00 AA- 5,305,650
5   California State, General Obligation Bonds, Series 2004, 5.000%, 4/01/31  –  AMBAC Insured   10/18 at 100.00 AA- 5,015
20,000   California State, General Obligation Bonds, Various Purpose Series 2009, 6.000%, 11/01/39   11/19 at 100.00 AA- 21,087,000
    California State, General Obligation Bonds, Various Purpose Series 2010:        
7,000   5.250%, 3/01/30   3/20 at 100.00 AA- 7,414,050
4,250   5.250%, 11/01/40   11/20 at 100.00 AA- 4,577,250
3


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    California (continued)        
$ 10,000   California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41   10/21 at 100.00 AA- $10,921,500
6,270   California Statewide Communities Development Authority, Revenue Bonds, Cottage Health System Obligated Group, Series 2010, 5.250%, 11/01/30   11/20 at 100.00 A+ 6,709,652
10,000   California Statewide Communities Development Authority, Revenue Bonds, Sutter Health, Series 2011A, 6.000%, 8/15/42 (Pre-refunded 8/15/20)   8/20 at 100.00 A+ (5) 10,901,100
3,000   California Statewide Community Development Authority, Health Facility Revenue Bonds, Catholic Healthcare West, Series 2008C, 5.625%, 7/01/35   1/19 at 100.00 A3 3,011,580
    California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A:        
3,895   5.750%, 7/01/30   10/18 at 100.00 CCC 3,833,459
5,000   5.750%, 7/01/35   10/18 at 100.00 CCC 4,913,400
6,000   5.500%, 7/01/39   10/18 at 100.00 CCC 5,889,420
10,445   Castaic Lake Water Agency, California, Certificates of Participation, Water System Improvement Project, Series 1999a, 0.000%, 8/01/29  –  AMBAC Insured   No Opt. Call AA 7,295,519
4,775   Clovis Unified School District, Fresno County, California, General Obligation Bonds, Series 2001A, 0.000%, 8/01/25  –  NPFG Insured (ETM)   No Opt. Call Baa2 (5) 4,054,882
3,330   Contra Costa Community College District, Contra Costa County, California, General Obligation Bonds, Election of 2006, Series 2013, 5.000%, 8/01/38   8/23 at 100.00 AA+ 3,718,811
7,775   Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2015A, 0.000%, 1/15/34  –  AGM Insured   No Opt. Call BBB- 4,241,729
    Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A:        
910   0.000%, 1/15/42 (6)   1/31 at 100.00 BBB- 820,001
3,350   5.750%, 1/15/46   1/24 at 100.00 BBB- 3,797,560
8,350   6.000%, 1/15/49   1/24 at 100.00 BBB- 9,669,467
30,000   Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series 1995A, 0.000%, 1/01/21 (ETM)   No Opt. Call AA+ (5) 28,833,300
3,120   Fullerton Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2005, 5.000%, 9/01/27  –  AMBAC Insured   9/18 at 100.00 A 3,128,892
3,915   Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Series 2005A, 0.000%, 6/01/26  –  AGM Insured   No Opt. Call A1 3,173,421
10,000   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Senior Convertible Series 2007A-2, 5.300%, 6/01/37   6/22 at 100.00 B3 10,453,300
2,850   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2007A-1, 5.125%, 6/01/47 (Pre-refunded 8/30/18)   8/18 at 100.00 B3 (5) 2,860,716
    Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1:        
9,705   5.000%, 6/01/47   6/22 at 100.00 N/R 9,973,052
10,170   5.250%, 6/01/47   6/22 at 100.00 N/R 10,583,817
3,850   Grossmont Healthcare District, California, General Obligation Bonds, Series 2011B, 6.125%, 7/15/40 (Pre-refunded 7/15/21)   7/21 at 100.00 Aaa (5) 4,350,461
4


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    California (continued)        
$ 5,000   Huntington Beach Union High School District, Orange County, California, General Obligation Bonds, Series 2007, 0.000%, 8/01/32  –  FGIC Insured   No Opt. Call AA- $3,093,400
3,040   Kern Community College District, California, General Obligation Bonds, Safety, Repair & Improvement, Election 2002 Series 2006, 0.000%, 11/01/23  –  AGM Insured   No Opt. Call AA 2,699,034
1,500   Lincoln Unified School District, Placer County, California, Community Facilities District 1, Special Tax Bonds, Series 2005, 0.000%, 9/01/26  –  AMBAC Insured   No Opt. Call N/R 1,103,955
295   Los Angeles Department of Water and Power, California, Electric Plant Revenue Bonds, Second Series 1993, 4.750%, 10/15/20 (ETM)   No Opt. Call N/R (5) 295,699
995   Los Angeles Department of Water and Power, California, Electric Plant Revenue Bonds, Series 1994, 5.375%, 2/15/34 (ETM)   No Opt. Call N/R (5) 998,144
2,495   Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2009A, 5.375%, 7/01/34   1/19 at 100.00 Aa2 2,537,116
10,000   Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2011A, 5.000%, 7/01/41   1/21 at 100.00 Aa2 10,718,100
2,490   Madera Unified School District, Madera County, California, General Obligation Bonds, Election 2002 Series 2005, 0.000%, 8/01/27  –  NPFG Insured   No Opt. Call Baa2 1,872,978
10,335   Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/43 (6)   8/35 at 100.00 AA 8,477,180
5,500   M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009B, 6.500%, 11/01/39   No Opt. Call BBB+ 7,782,335
650   Mt. Diablo Hospital District, California, Insured Hospital Revenue Bonds, Series 1993A, 5.125%, 12/01/23  –  AMBAC Insured (ETM)   No Opt. Call N/R (5) 698,666
14,100   New Haven Unified School District, California, General Obligation Bonds, Refunding Series 2009, 0.000%, 8/01/34  –  AGC Insured   No Opt. Call Aa3 7,831,140
3,515   Newport Beach, California, Revenue Bonds, Hoag Memorial Hospital Presybterian, Series 2011A, 5.875%, 12/01/30 (Pre-refunded 12/01/21)   12/21 at 100.00 N/R (5) 4,004,077
2,500   Norwalk La Mirada Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2002 Series 2005B, 0.000%, 8/01/29  –  FGIC Insured   No Opt. Call Aa3 1,738,625
4,460   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 Baa2 5,017,009
    Orange County Water District, California, Revenue Certificates of Participation, Series 2003B:        
1,490   5.000%, 8/15/34  –  NPFG Insured (ETM)   No Opt. Call Aa1 (5) 1,803,228
1,745   5.000%, 8/15/34 (Pre-refunded 8/15/32)  –  NPFG Insured   8/32 at 100.00 AAA (5) 2,206,605
1,000   Pajaro Valley Unified School District, Santa Cruz County, California, General Obligation Bonds, Series 2005B, 0.000%, 8/01/29  –  AGM Insured   No Opt. Call AA 704,540
5,000   Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010, 6.000%, 11/01/30 (Pre-refunded 11/01/20)   11/20 at 100.00 Ba1 (5) 5,499,900
2,000   Palomar Pomerado Health, California, General Obligation Bonds, Capital Appreciation, Election of 2004, Series 2007A, 0.000%, 8/01/24  –  NPFG Insured   No Opt. Call BB+ 1,685,820
9,320   Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 0.000%, 8/01/33  –  AGC Insured   No Opt. Call BB+ 5,338,682
4,435   Pomona, California, GNMA/FHLMC Collateralized Single Family Mortgage Revenue Refunding Bonds, Series 1990B, 7.500%, 8/01/23 (ETM)   No Opt. Call AA+ (5) 5,040,910
5


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    California (continued)        
$ 1,800   Rialto Unified School District, San Bernardino County, California, General Obligation Bonds, Series 2011A, 0.000%, 8/01/28   No Opt. Call A1 $1,332,612
1,000   Rim of the World Unified School District, San Bernardino County, California, General Obligation Bonds, Series 2011C, 5.000%, 8/01/38 (Pre-refunded 8/01/21)  –  AGM Insured   8/21 at 100.00 A2 (5) 1,099,110
760   Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, Series 2013A, 5.750%, 6/01/44   6/23 at 100.00 BBB- 840,332
4,385   San Bernardino, California, GNMA Mortgage-Backed Securities Program Single Family Mortgage Revenue Refunding Bonds, Series 1990A, 7.500%, 5/01/23 (ETM)   No Opt. Call AA+ (5) 4,978,685
2,250   San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011, 7.500%, 12/01/41   12/21 at 100.00 BB 2,505,735
1,830   San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Tender Option Bond Trust 2015-XF0098, 17.393%, 8/01/39 (Pre-refunded 8/01/19), 144A (IF)   8/19 at 100.00 AA- (5) 2,134,274
4,000   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Governmental Purpose, Second Series 2013B, 5.000%, 5/01/43   5/23 at 100.00 A+ 4,395,960
    San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A:        
10,595   5.000%, 1/15/44   1/25 at 100.00 BBB 11,550,351
32,725   5.000%, 1/15/50   1/25 at 100.00 BBB 35,557,349
7,210   San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Series 1997A, 0.000%, 1/15/23  –  NPFG Insured   No Opt. Call Baa2 6,395,558
2,965   San Juan Unified School District, Sacramento County, California, General Obligation Bonds, Series 2004A, 0.000%, 8/01/28  –  NPFG Insured   No Opt. Call A+ 2,223,394
4,455   San Mateo County Community College District, California, General Obligation Bonds, Series 2006A, 0.000%, 9/01/21  –  NPFG Insured   No Opt. Call AAA 4,224,766
4,005   San Mateo Union High School District, San Mateo County, California, General Obligation Bonds, Election of 2000, Series 2002B, 0.000%, 9/01/26  –  FGIC Insured   No Opt. Call AA+ 3,273,887
15,750   San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997 Election Series 2012G, 0.000%, 8/01/39  –  AGM Insured   No Opt. Call AA 6,566,805
    San Ysidro School District, San Diego County, California, General Obligation Bonds, Refunding Series 2015:        
5,000   0.000%, 8/01/46   No Opt. Call A1 1,255,750
6,570   0.000%, 8/01/47   No Opt. Call A1 1,552,557
1,840   Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1, 4.750%, 6/01/23   10/18 at 100.00 BB+ 1,849,918
2,630   Union Elementary School District, Santa Clara County, California, General Obligation Bonds, Series 2001B, 0.000%, 9/01/25  –  FGIC Insured   No Opt. Call Baa2 2,221,219
3,900   West Hills Community College District, California, General Obligation Bonds, School Facilities Improvement District 3, 2008 Election Series 2011, 6.500%, 8/01/41 (Pre-refunded 8/01/19)  –  AGM Insured   8/19 at 100.00 A2 (5) 4,457,076
549,120   Total California       509,050,256
6


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Colorado – 9.9% (6.2% of Total Investments)        
$ 500   Blue Lake Metropolitan District No. 2 , Lochbuie, Colorado, Limited Tax General Obligation Bonds, Series 2016A, 5.750%, 12/01/46   12/21 at 103.00 N/R $507,365
    Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017:        
1,575   5.000%, 12/01/37   12/22 at 103.00 N/R 1,619,651
3,620   5.000%, 12/01/47   12/22 at 103.00 N/R 3,690,916
1,250   Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2013A, 5.375%, 12/01/33   12/23 at 100.00 BBB 1,393,238
115   Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2014, 5.000%, 12/01/43   12/23 at 100.00 BB 122,053
1,700   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Skyview Academy Project, Series 2014, 5.375%, 7/01/44, 144A   7/24 at 100.00 BB 1,746,206
    Colorado Health Facilities Authority, Colorado, Health Facilities Revenue Bonds, The Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2017:        
2,005   5.000%, 6/01/34   6/27 at 100.00 BBB 2,231,665
4,615   5.000%, 6/01/35   6/27 at 100.00 BBB 5,125,650
7,205   5.000%, 6/01/36   6/27 at 100.00 BBB 7,990,633
8,715   5.000%, 6/01/37   6/27 at 100.00 BBB 9,637,483
2,190   5.000%, 6/01/42   6/27 at 100.00 BBB 2,413,095
10,000   5.000%, 6/01/47   6/27 at 100.00 BBB 10,923,900
6,350   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2006A, 4.500%, 9/01/38   10/18 at 100.00 BBB+ 6,357,620
2,295   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2011A, 5.000%, 2/01/41   2/21 at 100.00 BBB+ 2,372,755
5,000   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45   1/23 at 100.00 BBB+ 5,346,400
5,000   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Children's Hospital Colorado Project, Series 2013A, 5.000%, 12/01/36   12/23 at 100.00 A+ 5,460,700
750   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Communities Project, Series 2012, 5.125%, 1/01/37   10/18 at 100.00 N/R 750,968
3,050   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Neighborhoods Project, Refunding Series 2016, 5.000%, 1/01/37   1/24 at 102.00 N/R 3,199,999
2,375   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2012, 5.000%, 12/01/42   6/22 at 100.00 BBB 2,511,159
1,000   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013, 5.625%, 6/01/43   6/23 at 100.00 BBB 1,099,700
750   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project, Refunding & Improvement Series 2017A, 5.250%, 5/15/37   5/27 at 100.00 BB+ 820,575
1,500   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center, Refunding Series 2015B, 4.000%, 9/01/34   9/25 at 100.00 A3 1,532,460
25,750   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40   1/20 at 100.00 AA- 26,747,812
2,500   Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds, Senior Lien Series 2017, 5.000%, 12/31/51   12/24 at 100.00 BBB 2,708,325
7


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Colorado (continued)        
    Colorado International Center Metropolitan District 14, Denver, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2018:        
$ 1,895   5.625%, 12/01/32   12/23 at 103.00 N/R $1,978,683
2,660   5.875%, 12/01/46   12/23 at 103.00 N/R 2,818,642
3,225   Colorado School of Mines Board of Trustees, Golden, Colorado, Institutional Enterprise Revenue Bonds, Series 2017B, 5.000%, 12/01/47   12/27 at 100.00 A+ 3,639,961
1,500   Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Refunding Series 2016B, 5.000%, 3/01/41   3/27 at 100.00 A+ 1,704,765
4,000   Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Refunding Series 2017E, 4.000%, 3/01/43   3/28 at 100.00 A+ 4,141,720
    Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2016:        
7,115   5.000%, 8/01/41  –  AGM Insured   8/26 at 100.00 A2 7,948,522
1,000   5.000%, 8/01/46  –  AGM Insured   8/26 at 100.00 A2 1,113,430
11,140   Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 5.000%, 11/15/37   11/22 at 100.00 A+ 12,222,140
12,900   Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 11/15/43   11/23 at 100.00 A 14,331,771
    Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016:        
2,000   5.000%, 12/01/33   12/26 at 100.00 BBB- 2,247,900
3,000   5.000%, 12/01/34   12/26 at 100.00 BBB- 3,354,780
2,400   5.000%, 12/01/36   12/26 at 100.00 Baa2 2,647,128
1,800   5.000%, 12/01/40   12/26 at 100.00 BBB- 1,958,274
13,920   E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%, 9/01/21  –  NPFG Insured   No Opt. Call BBB+ 13,012,694
    E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:        
6,200   0.000%, 9/01/22  –  NPFG Insured   No Opt. Call BBB+ 5,636,234
45,540   0.000%, 9/01/30  –  NPFG Insured   No Opt. Call BBB+ 29,558,648
16,635   0.000%, 9/01/32  –  NPFG Insured   No Opt. Call BBB+ 9,954,717
49,250   0.000%, 9/01/33  –  NPFG Insured   No Opt. Call BBB+ 28,165,582
    E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A:        
9,310   0.000%, 9/01/28  –  NPFG Insured   No Opt. Call BBB+ 6,627,510
2,900   0.000%, 9/01/34  –  NPFG Insured   No Opt. Call A 1,590,621
18,500   0.000%, 3/01/36  –  NPFG Insured   No Opt. Call BBB+ 9,511,775
    E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B:        
3,800   0.000%, 9/01/27  –  NPFG Insured   9/20 at 67.94 A 2,449,974
13,300   0.000%, 9/01/31  –  NPFG Insured   9/20 at 53.77 BBB+ 6,750,016
6,250   0.000%, 9/01/32  –  NPFG Insured   9/20 at 50.83 BBB+ 2,995,562
10,000   0.000%, 3/01/36  –  NPFG Insured   9/20 at 41.72 A 3,921,500
8


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Colorado (continued)        
    Fort Lupton, Colorado, Water System Revenue Bonds, Refunding & Improvement Series 2017:        
$ 1,140   4.000%, 12/01/42  –  AGM Insured   12/27 at 100.00 AA $1,182,237
1,930   5.000%, 12/01/47  –  AGM Insured   12/27 at 100.00 AA 2,194,892
1,000   Lorson Ranch Metropolitan District 2, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2016, 5.000%, 12/01/36   12/26 at 100.00 BBB+ 1,096,930
1,000   Louisville, Boulder County, Colorado, General Obligation Bonds, Limited Tax, Series 2017, 4.000%, 12/01/36   12/26 at 100.00 AA+ 1,055,810
1,085   North Range Metropolitan District No. 2 , In the City of Commerce City, Adams County, Colorado , Limited Tax General Obligation and Special Revenue and Improvement Bonds, Refunding Series 2017A, 5.750%, 12/01/47   12/22 at 103.00 N/R 1,094,581
1,245   Palisade Metropolitan District 2, Broomfield County, Colorado, General Obligation Limited Tax and Revenue Bonds, Series 2016, 4.375%, 12/01/31   12/21 at 103.00 N/R 1,216,029
17,735   Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45   12/25 at 100.00 A 19,756,435
2,640   Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Refunding Bonds, Series 2011, 6.125%, 12/01/41 (Pre-refunded 12/01/20)  –  AGM Insured   12/20 at 100.00 A2 (5) 2,904,475
    Rampart Range Metropolitan District 1, Lone Tree, Colorado, Limited Tax Supported and Special Revenue Bonds, Refunding & Improvement Series 2017:        
4,215   5.000%, 12/01/42  –  AGM Insured   12/27 at 100.00 A2 4,739,388
8,150   5.000%, 12/01/47  –  AGM Insured   12/27 at 100.00 A2 9,129,385
630   Regional Transportation District, Colorado, Certificates of Participation, Series 2010A, 5.375%, 6/01/31   6/20 at 100.00 A 667,309
    Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010:        
15,000   6.500%, 1/15/30   7/20 at 100.00 Baa3 15,950,100
4,150   6.000%, 1/15/41   7/20 at 100.00 Baa3 4,344,884
3,250   Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Series 2016B, 5.000%, 12/01/46  –  AGM Insured   12/26 at 100.00 AA 3,545,490
4,000   University of Colorado Hospital Authority, Colorado, Revenue Bonds, Series 2012A, 5.000%, 11/15/42   11/22 at 100.00 AA- 4,395,360
14,500   University of Colorado, Enterprise System Revenue Bonds, Series 2014A, 5.000%, 6/01/46 (Pre-refunded 6/01/24)   6/24 at 100.00 Aa1 (5) 16,830,440
2,500   Vista Ridge Metropolitan District, In the Town of Erie, Weld County, Colorado, General Obligation Refunding Bonds, Series 2016A, 4.000%, 12/01/36  –  BAM Insured   12/26 at 100.00 Baa1 2,565,875
2,175   Weld County School District RE1, Colorado, General Obligation Bonds, Series 2017, 5.000%, 12/15/30  –  AGM Insured   12/26 at 100.00 AA 2,515,692
436,395   Total Colorado       381,778,189
    Connecticut – 0.3% (0.2% of Total Investments)        
1,650   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield University, Series 2016Q-1, 5.000%, 7/01/46   7/26 at 100.00 A- 1,823,349
9


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Connecticut (continued)        
$ 7,165   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University, Refunding Series 2015L, 5.000%, 7/01/45   7/25 at 100.00 A- $7,828,909
    Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University, Series 2017I-1:        
500   5.000%, 7/01/34   7/27 at 100.00 A3 566,815
2,425   5.000%, 7/01/42   7/27 at 100.00 A3 2,711,247
11,740   Total Connecticut       12,930,320
    Delaware – 0.4% (0.2% of Total Investments)        
1,000   Delaware Health Facilities Authority, Revenue Bonds, Christiana Care Health Services Inc., Series 2010A, 5.000%, 10/01/40  –  NPFG Insured   10/20 at 100.00 Aa2 1,061,010
3,250   Delaware Health Facilities Authority, Revenue Bonds, Nanticoke Memorial Hospital, Series 2013, 5.000%, 7/01/32   7/23 at 100.00 BBB 3,465,215
9,070   Delaware Transportation Authority, Revenue Bonds, US 301 Project, Series 2015, 5.000%, 6/01/55   6/25 at 100.00 A1 9,924,394
13,320   Total Delaware       14,450,619
    District of Columbia – 1.1% (0.7% of Total Investments)        
1,250   District of Columbia Student Dormitory Revenue Bonds, Provident Group - Howard Properties LLC Issue, Series 2013, 5.000%, 10/01/45   10/22 at 100.00 BB+ 1,250,850
107,000   District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 0.000%, 6/15/46   9/18 at 100.00 N/R 18,920,810
    District of Columbia, Revenue Bonds, Georgetown University, Refunding Series 2017:        
3,500   5.000%, 4/01/35   4/27 at 100.00 A 3,996,020
3,500   5.000%, 4/01/36   4/27 at 100.00 A 3,981,775
15,150   District of Columbia, Revenue Bonds, Georgetown University, Series 2007A, 5.000%, 4/01/40  –  AMBAC Insured   4/21 at 100.00 A 16,019,307
130,400   Total District of Columbia       44,168,762
    Florida – 6.9% (4.3% of Total Investments)        
2,800   Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter Academy, Inc. Project, Series 2016, 5.000%, 9/01/46   9/23 at 100.00 BBB 2,904,020
2,000   Broward County, Florida, Water and Sewer System Revenue Bonds, Series 2009A, 5.250%, 10/01/34 (Pre-refunded 10/01/18)   10/18 at 100.00 AA+ (5) 2,013,080
11,000   Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41 (Pre-refunded 10/01/21)  –  AGM Insured   10/21 at 100.00 A (5) 12,084,710
2,830   City of Miami Beach, Florida, Stormwater Revenue Bonds, Series 2015, 5.000%, 9/01/41   9/25 at 100.00 AA- 3,159,893
3,010   Cocoa, Florida, Water and Sewerage System Revenue Bonds, Refunding Series 2003, 5.500%, 10/01/23  –  AMBAC Insured   No Opt. Call AA 3,346,879
3,570   Collier County Educational Facilities Authority, Florida, Revenue Bonds, Hodges University, Refunding Series 2013, 6.125%, 11/01/43   11/23 at 100.00 BBB- 3,934,497
    Davie, Florida, Educational Facilities Revenue Bonds, Nova Southeastern University Project, Refunding Series 2013A:        
8,555   6.000%, 4/01/42   4/23 at 100.00 Baa1 9,667,834
4,280   5.625%, 4/01/43   4/23 at 100.00 Baa1 4,743,781
10


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Florida (continued)        
    Florida Municipal Loan Council, Revenue Bonds, Series 2000B:        
$ 1,040   0.000%, 11/01/25  –  NPFG Insured   No Opt. Call Baa2 $817,461
1,590   0.000%, 11/01/26  –  NPFG Insured   No Opt. Call Baa2 1,198,192
1,500   Florida Water Pollution Control Financing Corporation, Revolving Fund Revenue Bonds, Series 2009A, 5.000%, 1/15/29   1/19 at 100.00 AAA 1,523,445
    Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Subordinate Lien Series 2015B:        
5,730   5.000%, 10/01/40   10/24 at 100.00 A+ 6,282,429
12,885   5.000%, 10/01/44   10/24 at 100.00 A+ 14,172,598
400   Jacksonville, Florida, Better Jacksonville Sales Tax Revenue Bonds, Refunding Series 2012, 5.000%, 10/01/30   10/22 at 100.00 A+ 439,632
1,530   Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Refunding Series 2011, 5.000%, 11/15/24   11/21 at 100.00 A2 1,663,018
2,500   Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015, 5.000%, 11/15/45   11/24 at 100.00 A2 2,727,500
    Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic Convention Village, Series 2015A:        
3,810   5.000%, 2/01/40  –  AGM Insured   2/24 at 100.00 A1 4,271,429
19,145   5.000%, 2/01/44  –  AGM Insured   2/24 at 100.00 AA 21,422,106
    Miami Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Miami Jewish Health System Inc. Project, Series 2017:        
205   5.000%, 7/01/32   7/27 at 100.00 BBB 227,538
2,000   5.125%, 7/01/38   7/27 at 100.00 BBB 2,209,860
5,035   5.125%, 7/01/46   7/27 at 100.00 BBB 5,531,300
1,200   Miami, Florida, Special Obligation Non-Ad Valorem Revenue Bonds, Refunding Series 2011A, 6.000%, 2/01/30 (Pre-refunded 2/01/21)  –  AGM Insured   2/21 at 100.00 A+ (5) 1,325,328
7,390   Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Series 2015A, 5.000%, 4/01/45   4/25 at 100.00 A- 8,182,282
12,385   Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Series 2018A, 5.000%, 4/01/53   4/28 at 100.00 A- 13,810,514
10,000   Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2010A, 5.000%, 7/01/35   7/20 at 100.00 A 10,562,300
1,210   Miami-Dade County Industrual Development Authority, Florida, Revenue Bonds, Doral Academy, Seres 2018, 5.000%, 1/15/37   1/28 at 100.00 BBB- 1,295,583
1,000   Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding Series 2014B, 5.000%, 10/01/37   10/24 at 100.00 A 1,118,910
5,000   Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2009A, 5.500%, 10/01/41   10/19 at 100.00 A 5,207,850
7,500   Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010A-1, 5.375%, 10/01/41   10/20 at 100.00 A 8,041,500
11


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Florida (continued)        
    Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010B:        
$ 3,000   5.000%, 10/01/26   10/20 at 100.00 A $3,194,190
2,500   5.000%, 10/01/27   10/20 at 100.00 A 2,660,175
4,000   5.000%, 10/01/35  –  AGM Insured   10/20 at 100.00 AA 4,246,640
1,500   Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2016A, 5.000%, 10/01/41   10/26 at 100.00 A 1,708,755
4,715   Miami-Dade County, Florida, Public Facilities Revenue Bonds, Jackson Health System, Series 2017, 5.000%, 6/01/38   6/27 at 100.00 Aa3 5,267,032
1,850   Miami-Dade County, Florida, Special Obligation Bonds, Refunding Subordinate Series 2012B, 5.000%, 10/01/37   10/22 at 100.00 A2 2,016,445
    Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Refunding Series 2012:        
5,500   5.000%, 7/01/31   7/22 at 100.00 A1 6,046,205
3,000   5.000%, 7/01/42   7/22 at 100.00 AA 3,254,580
5,770   Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%, 10/01/42   10/22 at 100.00 A+ 6,293,916
1,665   Orange County Health Facilities Authority, Florida, Hosiptal Revenue Bonds, Orlando Health, Inc., Series 2009, 5.125%, 10/01/26   10/19 at 100.00 A 1,731,200
750   Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health, Inc., Series 2012A, 5.000%, 10/01/42   4/22 at 100.00 A 812,220
255   Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Sinai Residences of Boca Raton Project, Series 2014A, 7.250%, 6/01/34   6/22 at 102.00 N/R 291,468
4,000   Palm Beach County, Florida, Water and Sewer Revenue Bonds, FPL Reclaimed Water Project, Series 2009, 5.250%, 10/01/33   10/19 at 100.00 AAA 4,173,280
    Port Saint Lucie, Florida, Utility System Revenue Bonds, Refunding Series 2009:        
45   5.250%, 9/01/35 (Pre-refunded 9/01/18)  –  AGC Insured   9/18 at 100.00 A1 (5) 45,144
435   5.250%, 9/01/35 (Pre-refunded 9/01/18)  –  AGC Insured   9/18 at 100.00 A1 (5) 436,409
1,385   Rivercrest Community Development District, Florida, Special Assessment Bonds, Series 2007, 5.000%, 5/01/30  –  RAAI Insured   11/18 at 100.00 A3 1,386,939
1,710   Seminole County, Florida, Water and Sewer Revenue Bonds, Refunding & Improvement Series 1992, 6.000%, 10/01/19  –  NPFG Insured (ETM)   No Opt. Call Aa2 (5) 1,756,546
6,625   South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015, 4.000%, 5/01/33   5/25 at 100.00 Aa3 6,874,763
    South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health Systems of South Florida Obligated Group, Series 2017:        
4,595   5.000%, 8/15/42   8/27 at 100.00 A1 5,189,501
12,325   5.000%, 8/15/47   8/27 at 100.00 A1 13,858,230
1,200   Tamarac, Florida, Utility System Revenue Bonds, Series 2009, 5.000%, 10/01/39 (Pre-refunded 10/01/19)  –  AGC Insured   10/19 at 100.00 AA (5) 1,248,396
5,000   Tampa Bay, Florida, Regional Water Supply Authority Utility System Revenue Bonds, Series 2008, 5.000%, 10/01/34 (Pre-refunded 10/01/18)   10/18 at 100.00 AA+ (5) 5,030,650
12


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Florida (continued)        
    Tampa Sports Authority, Hillsborough County, Florida, Sales Tax Payments Special Purpose Bonds, Stadium Project, Series 1995:        
$ 670   5.750%, 10/01/20  –  NPFG Insured   No Opt. Call N/R $700,867
2,785   5.750%, 10/01/25  –  NPFG Insured   No Opt. Call N/R 3,156,798
3,300   Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A, 5.000%, 11/15/33   5/22 at 100.00 Aa2 3,607,395
4,000   Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2016A, 4.000%, 11/15/46   5/26 at 100.00 Aa2 4,064,080
9,720   Tampa-Hillsborough County Expressway Authority, Florida, Revenue Bonds, Refunding Series 2012B, 5.000%, 7/01/42 (Pre-refunded 7/01/22)   7/22 at 100.00 A2 (5) 10,816,222
1,500   Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle Aeronautical University, Inc. Project, Refunding Series 2011, 5.000%, 10/15/29 (Pre-refunded 10/15/21)  –  AGM Insured   10/21 at 100.00 A- (5) 1,647,225
2,000   Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle Aeronautical University, Series 2015B, 5.000%, 10/15/45   4/25 at 100.00 A3 2,209,180
7,400   Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson University Inc. Project, Series 2015, 5.000%, 6/01/45   6/25 at 100.00 A- 8,182,476
244,300   Total Florida       265,792,396
    Georgia – 3.4% (2.2% of Total Investments)        
6,950   Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2010A, 5.000%, 1/01/40  –  AGM Insured   1/20 at 100.00 Aa3 7,249,058
7,230   Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2012B, 5.000%, 1/01/42   1/22 at 100.00 AA- 7,852,358
    Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B:        
1,060   5.375%, 11/01/39  –  AGM Insured   11/19 at 100.00 A+ 1,106,227
1,990   5.375%, 11/01/39 (Pre-refunded 11/01/19)  –  AGM Insured   11/19 at 100.00 AA (5) 2,084,625
    Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2015:        
3,400   5.000%, 11/01/33   5/25 at 100.00 A+ 3,856,824
2,040   5.000%, 11/01/35   5/25 at 100.00 A+ 2,303,405
5,000   Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 1999A, 5.500%, 11/01/22  –  FGIC Insured   No Opt. Call A+ 5,556,650
1,535   Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Refunding Series 2007, 4.000%, 8/01/26   8/20 at 100.00 AA 1,589,922
7,350   Cobb County Kennestone Hospital Authority, Georgia, Revenue Anticipation Certificates, Wellstar Health System, Series 2017A, 5.000%, 4/01/42   4/27 at 100.00 A 8,144,314
2,000   DeKalb County Hospital Authority, Georgia, Anticipation Certificates Revenue Bonds, DeKalb Medical Center, Inc. Project, Series 2010, 6.000%, 9/01/30   9/20 at 100.00 BB 2,133,860
5,725   Fayette County Hospital Authority, Georgia, Revenue Anticipation Certificates, Piedmont Healthcare, Inc. Project, Series 2016A, 5.000%, 7/01/46   7/26 at 100.00 AA- 6,289,084
10,000   Fulton County Development Authority, Georgia, Hospital Revenue Bonds, Wellstar Health System, Inc Project, Series 2017A, 5.000%, 4/01/42   4/27 at 100.00 A 11,080,700
6,370   Fulton County Development Authority, Georgia, Hospital Revenue Bonds, Wellstar Health System, Inc. Project, Series 2017A, 5.000%, 4/01/47   4/27 at 100.00 A 7,018,466
13


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Georgia (continued)        
    Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2010B:        
$ 2,360   5.250%, 2/15/45   2/20 at 100.00 AA- $2,461,551
7,640   5.250%, 2/15/45 (Pre-refunded 2/15/20)   2/20 at 100.00 N/R (5) 8,048,282
12,590   Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2014A, 5.500%, 8/15/54   2/25 at 100.00 AA- 14,429,273
7,500   Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2017B, 5.250%, 2/15/45   2/27 at 100.00 AA- 8,616,300
7,905   Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project J Bonds, Series 2015A, 5.000%, 7/01/60   7/25 at 100.00 A2 8,407,600
11,000   Griffin-Spalding County Hospital Authority, Georgia, Revenue Anticipation Certificates, Wellstar Health System Inc., Series 2017A, 4.000%, 4/01/42   4/27 at 100.00 A 11,111,980
1,350   Henry County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2005, 5.250%, 2/01/27  –  BHAC Insured   No Opt. Call AA+ 1,629,180
8,230   Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series 2015, 5.000%, 10/01/40   10/25 at 100.00 Baa2 8,780,093
2,615   Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia Medical Center Project, Series 2011B, 5.000%, 10/01/41   10/21 at 100.00 AA- 2,817,558
121,840   Total Georgia       132,567,310
    Guam – 0.1% (0.1% of Total Investments)        
4,060   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.500%, 7/01/43   7/23 at 100.00 BBB- 4,417,239
    Hawaii – 0.1% (0.1% of Total Investments)        
275   Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific University, Series 2013A, 6.875%, 7/01/43   7/23 at 100.00 BB 289,253
4,225   Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Queens Health Systems, Series 2015A, 4.000%, 7/01/40   7/25 at 100.00 A1 4,286,136
4,500   Total Hawaii       4,575,389
    Idaho – 0.1% (0.1% of Total Investments)        
2,110   Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2012A, 5.000%, 3/01/47  –  AGM Insured   3/22 at 100.00 A- 2,235,271
2,685   Idaho Housing and Finance Association, GNMA Housing Revenue Refunding Bonds, Wedgewood Terrace Project, Series 2002A-1, 7.250%, 3/20/37   10/18 at 100.00 A1 2,720,549
4,795   Total Idaho       4,955,820
    Illinois – 22.8% (14.4% of Total Investments)        
    Board of Regents of Illinois State University, Auxiliary Facilities System Revenue Bonds, Series 2018A:        
1,000   5.000%, 4/01/34  –  AGM Insured   4/28 at 100.00 A2 1,093,710
285   5.000%, 4/01/37  –  AGM Insured   4/28 at 100.00 A2 309,071
1,370   5.000%, 4/01/38  –  AGM Insured   4/28 at 100.00 A2 1,483,409
14


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois (continued)        
    Bolingbrook, Illinois, General Obligation Refunding Bonds, Refunding Series 2002B:        
$ 4,595   0.000%, 1/01/32  –  FGIC Insured   No Opt. Call A2 $2,679,988
4,000   0.000%, 1/01/34  –  FGIC Insured   No Opt. Call A2 2,098,200
11,000   Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46   4/27 at 100.00 A 12,873,410
2,940   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series 2011A, 5.000%, 12/01/41   12/21 at 100.00 B2 2,975,750
5,000   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017G, 5.000%, 12/01/34   12/27 at 100.00 B+ 5,196,200
11,450   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A, 7.000%, 12/01/44   12/25 at 100.00 B+ 13,328,372
1,785   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016B, 6.500%, 12/01/46   12/26 at 100.00 BB- 2,043,950
23,535   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2017A, 7.000%, 12/01/46, 144A   12/27 at 100.00 B+ 28,174,454
10,510   Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1, 0.000%, 12/01/19  –  FGIC Insured   No Opt. Call B+ 10,169,581
    Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1999A:        
19,600   0.000%, 12/01/20  –  FGIC Insured   No Opt. Call B+ 18,399,696
1,000   5.500%, 12/01/26  –  FGIC Insured   No Opt. Call B+ 1,094,840
3,500   Chicago Transit Authority, Illinois, Capital Grant Receipts Revenue Bonds, Federal Transit Administration Section 5307 Urbanized Area Formula Funds, Refunding Series 2011, 5.250%, 6/01/26  –  AGM Insured   6/21 at 100.00 A2 3,763,305
5,785   Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011, 5.250%, 12/01/40   12/21 at 100.00 A3 6,173,578
9,285   Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2014, 5.250%, 12/01/49   12/24 at 100.00 AA 10,294,558
1,985   Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Refunding Series 2013B, 5.000%, 1/01/26   1/23 at 100.00 A 2,190,249
13,100   Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Third Lien Refunding Series 2010C, 5.250%, 1/01/35  –  AGC Insured   1/20 at 100.00 A2 13,666,051
    Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999:        
32,170   0.000%, 1/01/21  –  FGIC Insured   No Opt. Call BBB- 30,139,108
32,670   0.000%, 1/01/22  –  FGIC Insured   No Opt. Call BBB- 29,363,796
22,670   0.000%, 1/01/25  –  FGIC Insured   No Opt. Call BBB- 17,695,522
10,565   Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, 6.000%, 1/01/38   1/27 at 100.00 BBB- 11,924,715
5,540   Chicago, Illinois, Motor Fuel Tax Revenue Bonds, Series 2008A, 5.000%, 1/01/38  –  AGC Insured   10/18 at 100.00 AA 5,554,238
5,000   Chicago, Illinois, Sales Tax Revenue Bonds, Series 2011A, 5.000%, 1/01/41 (Pre-refunded 1/01/22)   1/22 at 100.00 N/R (5) 5,515,150
5,000   Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago City Colleges, Series 2013, 5.250%, 12/01/43   12/23 at 100.00 BBB 5,209,300
15


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois (continued)        
$ 4,500   Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago City Colleges, Series 2017, 5.000%, 12/01/47  –  BAM Insured   12/27 at 100.00 A+ $4,843,665
4,865   Cook County Community Consolidated School District 15, Palatine, Illinois, General Obligation Bonds, Series 2001, 0.000%, 12/01/20  –  NPFG Insured   No Opt. Call Aa2 4,619,950
    Cook County Community High School District 219, Niles Township, Illinois, General Obligation Capital Appreciation Bonds, Series 2001:        
2,575   0.000%, 12/01/20  –  NPFG Insured   No Opt. Call Baa2 2,404,561
3,615   0.000%, 12/01/20  –  NPFG Insured (ETM)   No Opt. Call N/R (5) 3,459,953
    Cook County, Illinois, General Obligation Bonds, Refunding Series 2010A:        
3,500   5.250%, 11/15/22   11/20 at 100.00 A2 3,738,245
12,425   5.250%, 11/15/33   11/20 at 100.00 A2 13,054,575
    DuPage County Forest Preserve District, Illinois, General Obligation Bonds, Series 2000:        
8,000   0.000%, 11/01/18   No Opt. Call AAA 7,969,840
15,285   0.000%, 11/01/19   No Opt. Call AAA 14,954,538
    Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural History, Series 2002.RMKT:        
2,750   3.900%, 11/01/36   11/27 at 102.00 A 2,721,510
5,265   5.500%, 11/01/36   11/23 at 100.00 A 5,752,276
5,020   Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Series 2012, 5.000%, 6/01/42   6/22 at 100.00 Aa3 5,365,527
    Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network, Series 2016C:        
3,500   5.000%, 2/15/32   2/27 at 100.00 Aa2 4,023,670
27,135   4.000%, 2/15/41   2/27 at 100.00 Aa2 27,906,177
1,000   5.000%, 2/15/41   2/27 at 100.00 Aa2 1,131,120
4,200   Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012, 5.000%, 9/01/38   9/22 at 100.00 BB+ 4,395,174
    Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A:        
8,750   5.000%, 9/01/39   9/24 at 100.00 BB+ 9,305,275
11,030   5.000%, 9/01/42   9/24 at 100.00 BB+ 11,711,544
1,500   Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009B, 5.500%, 11/01/39 (Pre-refunded 11/01/19)   11/19 at 100.00 Aa2 (5) 1,571,730
2,910   Illinois Finance Authority, Revenue Bonds, Ingalls Health System, Series 2013, 5.000%, 5/15/43   5/22 at 100.00 Baa2 3,046,537
6,000   Illinois Finance Authority, Revenue Bonds, Memorial Health System, Series 2009, 5.500%, 4/01/34   4/19 at 100.00 A1 6,152,940
16,165   Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016, 5.000%, 12/01/40   6/26 at 100.00 A3 17,558,585
1,100   Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Healthcare, Tender Option Bond Trust 2015-XF0076, 15.297%, 8/15/37, 144A (IF)   8/22 at 100.00 Aa2 1,459,964
16


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois (continued)        
    Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding Series 2010A:        
$ 1,080   6.000%, 5/15/39   5/20 at 100.00 A $1,139,951
3,460   6.000%, 5/15/39 (Pre-refunded 5/15/20)   5/20 at 100.00 N/R (5) 3,718,012
13,540   Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, 5.000%, 11/15/45   11/25 at 100.00 A 14,663,414
    Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A:        
85   7.750%, 8/15/34 (Pre-refunded 8/15/19)   8/19 at 100.00 N/R (5) 90,368
8,400   7.750%, 8/15/34 (Pre-refunded 8/15/19)   8/19 at 100.00 N/R (5) 8,930,460
2,215   Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A, 6.000%, 7/01/43   7/23 at 100.00 A- 2,452,382
4,135   Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C, 5.000%, 8/15/44   8/25 at 100.00 Baa1 4,430,859
5,000   Illinois FInance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc., Series 2017A, 5.000%, 3/01/47   3/27 at 100.00 A+ 5,454,800
8,040   Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Series 2011A, 6.000%, 8/15/41  –  AGM Insured   8/21 at 100.00 A2 8,855,256
    Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series 2011C:        
1,000   5.500%, 8/15/41 (Pre-refunded 2/15/21)   2/21 at 100.00 AA- (5) 1,089,760
2,500   5.500%, 8/15/41 (Pre-refunded 2/15/21) (UB) (4)   2/21 at 100.00 AA- (5) 2,724,400
15,510   Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A, 5.000%, 10/01/51   10/21 at 100.00 AA- 16,574,606
    Illinois State, General Obligation Bonds, February Series 2014:        
1,600   5.250%, 2/01/32   2/24 at 100.00 BBB- 1,692,960
5,450   5.000%, 2/01/39   2/24 at 100.00 BBB- 5,635,027
1,750   Illinois State, General Obligation Bonds, January Series 2016, 5.000%, 1/01/32   1/26 at 100.00 BBB- 1,841,752
5,420   Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/39   5/24 at 100.00 BBB- 5,613,819
5,000   Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/34   11/26 at 100.00 BBB- 5,272,500
3,500   Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/25   No Opt. Call BBB- 3,777,480
    Illinois State, General Obligation Bonds, October Series 2016:        
3,510   5.000%, 2/01/28   2/27 at 100.00 BBB- 3,768,582
21,100   5.000%, 2/01/29   2/27 at 100.00 BBB- 22,560,331
10,000   Illinois State, General Obligation Bonds, Refunding Series 2010, 5.000%, 1/01/21  –  AGM Insured   1/20 at 100.00 BBB 10,354,900
2,515   Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/24   8/22 at 100.00 BBB- 2,651,715
2,000   Illinois State, General Obligation Bonds, Series 2009A, 5.000%, 9/01/34   9/18 at 100.00 BBB- 2,001,060
    Illinois State, General Obligation Bonds, Series 2012A:        
2,500   5.000%, 3/01/25   3/22 at 100.00 BBB- 2,616,525
4,500   5.000%, 3/01/27   3/22 at 100.00 BBB- 4,686,705
2,035   Illinois State, General Obligation Bonds, Series 2013, 5.500%, 7/01/38   7/23 at 100.00 BBB- 2,143,893
17


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois (continued)        
$ 5,030   Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A, 5.000%, 1/01/38   1/23 at 100.00 AA- $5,508,252
    Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2014B:        
8,000   5.000%, 1/01/38   1/24 at 100.00 AA- 8,827,520
6,500   5.000%, 1/01/39   1/24 at 100.00 AA- 7,165,470
10,040   Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015A, 5.000%, 1/01/40   7/25 at 100.00 AA- 11,126,428
8,890   Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015B, 5.000%, 1/01/40   1/26 at 100.00 AA- 9,895,014
10,000   Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2017A, 5.000%, 1/01/42   1/28 at 100.00 AA- 11,339,800
1,115   Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Tender Option Bond Trust 2015-XF0051, 15.009%, 1/01/38, 144A (IF)   1/23 at 100.00 AA- 1,539,336
11,050   Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2001, 6.000%, 11/01/26  –  FGIC Insured   No Opt. Call BBB- 12,409,371
    Lake County Community Unit School District 60, Waukegan, Illinois, General Obligation Refunding Bonds, Series 2001B:        
3,230   0.000%, 11/01/19  –  AGM Insured   No Opt. Call A2 3,147,312
1,740   0.000%, 11/01/21  –  AGM Insured   No Opt. Call A2 1,599,478
4,020   Lake, Cook, Kane and McHenry Counties Community Unit School District 220, Barrington, Illinois, General Obligation Bonds, Refunding Series 2002, 5.250%, 12/01/20  –  AGM Insured (UB)   No Opt. Call A2 4,326,445
5,000   Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Series 2011A, 5.250%, 1/01/39  –  AGM Insured   1/21 at 100.00 A2 5,338,250
17,945   McHenry and Kane Counties Community Consolidated School District 158, Huntley, Illinois, General Obligation Bonds, Series 2003, 0.000%, 1/01/22  –  FGIC Insured   No Opt. Call Baa2 16,243,276
2,910   McHenry County Community High School District 154, Marengo, Illinois, Capital Appreciation School Bonds, Series 2001, 0.000%, 1/01/21  –  FGIC Insured   No Opt. Call Aa2 2,757,661
5,000   Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012B, 5.000%, 6/15/52 (UB) (4)   6/22 at 100.00 BB+ 5,155,650
5,000   Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2015A, 5.500%, 6/15/53   12/25 at 100.00 BB+ 5,431,150
2,030   Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2017A, 5.000%, 6/15/57   12/27 at 100.00 BB+ 2,165,969
    Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Refunding Bonds, Series 2010A:        
3,790   5.500%, 6/15/50   6/20 at 100.00 BBB- 4,053,822
11,795   5.500%, 6/15/50   6/20 at 100.00 BB+ 12,090,819
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Capital Appreciation Refunding Series 2010B-1:        
33,000   0.000%, 6/15/45  –  AGM Insured   No Opt. Call BBB- 10,061,040
5,355   0.000%, 6/15/46  –  AGM Insured   No Opt. Call BBB- 1,557,769
18


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois (continued)        
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 1996A:        
$ 9,400   0.000%, 12/15/18  –  NPFG Insured   No Opt. Call BBB- $9,319,818
16,570   0.000%, 12/15/20  –  NPFG Insured   No Opt. Call BBB- 15,433,961
5,010   0.000%, 12/15/21  –  NPFG Insured   No Opt. Call Baa2 4,495,774
23,920   0.000%, 12/15/22  –  NPFG Insured   No Opt. Call BBB- 20,634,588
13,350   0.000%, 12/15/24  –  NPFG Insured   No Opt. Call BBB- 10,563,187
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 1998A:        
5,100   5.500%, 12/15/23  –  FGIC Insured   No Opt. Call BB+ 5,610,663
5,180   5.500%, 12/15/23  –  FGIC Insured (ETM)   No Opt. Call Baa2 (5) 5,688,987
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 2010B-2:        
2,330   5.000%, 6/15/50   6/20 at 100.00 BB+ 2,374,829
8,000   5.250%, 6/15/50   6/20 at 100.00 BB+ 8,164,960
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A:        
1,420   5.700%, 6/15/25 (Pre-refunded 6/15/22)   6/22 at 101.00 N/R (5) 1,628,953
5,080   5.700%, 6/15/25   6/24 at 100.00 BB+ 5,624,627
8,000   5.750%, 6/15/26  –  NPFG Insured   6/22 at 101.00 BB+ 8,816,560
1,115   5.750%, 6/15/27   No Opt. Call BB+ 1,223,244
4,610   5.750%, 6/15/27 (Pre-refunded 6/15/22)   6/22 at 101.00 N/R (5) 5,296,890
195   0.000%, 6/15/30   No Opt. Call N/R 138,068
3,505   0.000%, 6/15/30   No Opt. Call BB+ 2,120,245
28,000   0.000%, 12/15/35  –  AGM Insured   No Opt. Call BBB- 13,373,080
3,280   0.000%, 6/15/37  –  NPFG Insured   No Opt. Call BB+ 1,375,206
11,715   0.000%, 12/15/38  –  NPFG Insured   No Opt. Call BB+ 4,565,687
9,760   Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Hospitality Facility, Series 1996A, 7.000%, 7/01/26 (ETM)   No Opt. Call AA+ (5) 11,825,314
    Midlothian, Illinois, General Obligation Bonds, Series 2010A:        
2,685   5.000%, 2/01/30  –  AGM Insured   2/20 at 100.00 AA 2,717,408
2,080   5.250%, 2/01/34  –  AGM Insured   2/20 at 100.00 AA 2,109,557
17,865   Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 1999, 5.750%, 6/01/23  –  AGM Insured   No Opt. Call A2 20,264,805
2,300   Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 2000A, 6.500%, 7/01/30  –  NPFG Insured   No Opt. Call A2 2,957,662
4,125   Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Memorial Group, Inc., Series 2013, 7.625%, 11/01/48 (Pre-refunded 11/01/23)   11/23 at 100.00 N/R (5) 5,244,484
19


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois (continued)        
    Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015:        
$ 2,250   5.000%, 3/01/29   3/25 at 100.00 A3 $2,512,597
7,000   5.000%, 3/01/31   3/25 at 100.00 A3 7,768,460
2,685   Sterling, Whiteside County, Illinois, General Obligation Bonds, Recovery Zone Facility Series 2010A, 5.250%, 5/01/31  –  AGM Insured   5/20 at 100.00 AA 2,832,111
2,000   University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013, 6.250%, 10/01/38   10/23 at 100.00 Baa1 2,285,060
4,810   Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation Bonds, Series 2006, 0.000%, 1/01/23  –  AGM Insured   No Opt. Call A2 4,161,179
    Will County Community Unit School District 201U, Crete-Monee, Illinois, General Obligation Bonds, Capital Appreciation Series 2004:        
780   0.000%, 11/01/22  –  NPFG Insured (ETM)   No Opt. Call Baa2 (5) 706,025
2,550   0.000%, 11/01/22  –  NPFG Insured   No Opt. Call Baa2 2,279,292
1,895   Williamson & Johnson Counties Community Unit School District 2, Marion, Illinois, General Obligation Bonds, Series 2011, 7.250%, 12/01/28 (Pre-refunded 12/01/20)  –  AGM Insured   12/20 at 100.00 A2 (5) 2,131,003
912,280   Total Illinois       883,283,190
    Indiana – 4.2% (2.6% of Total Investments)        
6,000   Indiana Finance Authority, Educational Facilities Revenue Bonds, Valparaiso University Project, Series 2014, 5.000%, 10/01/44   10/24 at 100.00 A3 6,557,460
7,910   Indiana Finance Authority, Health System Revenue Bonds, Sisters of Saint Francis Health Services, Inc. Obligated Group, Series 2009, 5.250%, 11/01/39 (Pre-refunded 11/01/19)   11/19 at 100.00 Aa3 (5) 8,273,939
    Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project, Series 2012A:        
5,000   4.000%, 5/01/35   5/23 at 100.00 A 5,101,650
5,420   5.000%, 5/01/42   5/23 at 100.00 A 5,836,364
1,875   Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation Group, Refunding 2015A, 4.000%, 12/01/40   6/25 at 100.00 AA 1,900,688
3,400   Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group, Refunding 2015A, 5.000%, 12/01/40   6/25 at 100.00 AA 3,772,674
8,630   Indiana Finance Authority, Revenue Bonds, Community Foundation of Northwest Indiana Obligated Group, Series 2012, 5.000%, 3/01/41   3/22 at 100.00 A+ 9,235,826
    Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2009A:        
6,290   5.250%, 12/01/38 (Pre-refunded 12/01/19)   12/19 at 100.00 AA- (5) 6,596,008
10,000   5.250%, 12/01/38 (Pre-refunded 12/01/19) (UB) (4)   12/19 at 100.00 AA- (5) 10,486,500
2,500   Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2010B, 5.000%, 12/01/37 (Pre-refunded 12/01/20)   12/20 at 100.00 AA- (5) 2,683,500
11,000   Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, First Lien Green Series 2016A, 5.000%, 10/01/46   10/26 at 100.00 A 12,336,610
5,000   Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2011B, 5.000%, 10/01/41   10/21 at 100.00 A2 5,396,800
5,000   Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2012A, 5.000%, 10/01/37   10/22 at 100.00 A1 5,454,000
20


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Indiana (continued)        
$ 13,215   Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2014A, 5.000%, 10/01/44   10/24 at 100.00 A $14,905,727
5,130   Indiana Finance Authority, Water Utility Revenue Bonds, Citizens Energy Group Project, First Lien Series 2016A, 5.000%, 10/01/46   10/26 at 100.00 A+ 5,691,325
4,320   Indiana Health Facility Financing Authority, Revenue Bonds, Ancilla Systems Inc. Obligated Group, Series 1997, 5.250%, 7/01/22  –  NPFG Insured (ETM)   No Opt. Call N/R (5) 4,328,597
22,380   Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series 2016A, 5.000%, 1/01/42   7/26 at 100.00 A+ 25,209,503
3,000   Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series 2011A, 5.000%, 1/01/31 (Pre-refunded 7/01/21)   7/21 at 100.00 A+ (5) 3,273,960
    Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E:        
9,255   0.000%, 2/01/25  –  AMBAC Insured   No Opt. Call AA 7,794,931
9,560   0.000%, 2/01/26  –  AMBAC Insured   No Opt. Call A 7,743,887
    Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project Series 2009A:        
585   5.500%, 1/01/38 (Pre-refunded 1/01/19)  –  AGC Insured   1/19 at 100.00 Aa3 (5) 595,074
2,415   5.500%, 1/01/38  –  AGC Insured   1/19 at 100.00 A+ 2,454,268
5,000   Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2009, 5.500%, 1/01/38  –  AGC Insured (UB)   1/19 at 100.00 Aa3 5,082,237
1,580   Zionsville Community Schools Building Corporation, Indiana, First Mortgage Bonds, Series 2005Z, 0.000%, 1/15/28  –  AGM Insured   No Opt. Call A2 1,192,379
154,465   Total Indiana       161,903,907
    Iowa – 2.4% (1.5% of Total Investments)        
4,000   Ames, Iowa, Hospital Revenue Bonds, Mary Greeley Medical Center, Series 2011, 5.250%, 6/15/36 (Pre-refunded 6/15/20)   6/20 at 100.00 A2 (5) 4,256,280
    Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013:        
7,255   5.500%, 12/01/22   12/18 at 100.00 B- 7,315,144
16,130   5.250%, 12/01/25   12/23 at 100.00 B- 17,248,132
2,310   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/26   12/19 at 104.00 B- 2,427,648
2,690   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018B, 5.250%, 12/01/50 (Mandatory Put 12/01/22)   12/22 at 105.00 B 2,861,595
    Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:        
13,950   5.375%, 6/01/38   10/18 at 100.00 B2 14,100,939
12,830   5.500%, 6/01/42   10/18 at 100.00 B2 12,968,821
5,675   5.625%, 6/01/46   10/18 at 100.00 B 5,740,489
16,100   Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34   10/18 at 100.00 B2 16,267,118
21


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Iowa (continued)        
    Xenia Rural Water District, Iowa, Water Revenue Bonds, Refunding Capital Loan Note Series 2016:        
$ 4,700   5.000%, 12/01/36   12/26 at 100.00 BBB+ $5,116,796
5,990   5.000%, 12/01/41   12/26 at 100.00 BBB+ 6,458,897
91,630   Total Iowa       94,761,859
    Kansas – 0.5% (0.3% of Total Investments)        
2,000   Kansas Development Finance Authority, Health Facilities Revenue Bonds, Stormont-Vail Health Care Inc., Series 2013J, 5.000%, 11/15/38   11/22 at 100.00 A2 2,155,500
3,000   Kansas Development Finance Authority, Hospital Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2012A, 5.000%, 11/15/28   5/22 at 100.00 AA 3,313,800
3,700   Kansas Municipal Energy Agency, Power Project Revenue Bonds, Dogwood Project, Series 2018A, 5.000%, 4/01/38  –  BAM Insured   4/26 at 100.00 AA 4,057,050
5,270   Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Series 2018A, 5.000%, 7/01/43   7/28 at 100.00 A 5,871,149
2,305   Overland Park Development Corporation, Kansas, First Tier Revenue Bonds, Overland Park Convention Center, Series 2007A, 5.125%, 1/01/22  –  AMBAC Insured   10/18 at 100.00 Ba2 2,308,688
16,275   Total Kansas       17,706,187
    Kentucky – 1.2% (0.8% of Total Investments)        
6,010   Kentucky Economic Development Finance Authority, Health System Revenue Bonds, Norton Healthcare Inc., Series 2000B, 0.000%, 10/01/28  –  NPFG Insured   No Opt. Call Baa2 4,202,913
2,000   Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare System Obligated Group, Series 2011, 5.000%, 8/15/42   8/21 at 100.00 A 2,082,160
1,300   Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Health, Refunding Series 2017A, 5.000%, 6/01/37   6/27 at 100.00 BB+ 1,402,869
4,525   Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical Health System, Series 2010A, 6.500%, 3/01/45 (Pre-refunded 6/01/20)   6/20 at 100.00 Baa3 (5) 4,910,440
    Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Convertible Capital Appreciation Series 2013C:        
5,000   0.000%, 7/01/43 (6)   7/31 at 100.00 Baa3 4,702,550
8,610   0.000%, 7/01/46 (6)   7/31 at 100.00 Baa3 8,129,045
    Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Series 2013A:        
2,655   5.750%, 7/01/49   7/23 at 100.00 Baa3 2,901,145
430   6.000%, 7/01/53   7/23 at 100.00 Baa3 475,167
4,630   Lexington-Fayette Urban County Government Public Facilities Corporation, Kentucky State Lease Revenue Bonds, Eastern State Hospital Project, Series 2011A, 5.250%, 6/01/31   6/21 at 100.00 A- 5,003,410
    Louisville/Jefferson County Metro Government, Kentucky, Revenue Bonds, Catholic Health Initiatives, Series 2012A:        
2,980   5.000%, 12/01/35   6/22 at 100.00 BBB+ 3,145,360
9,635   5.000%, 12/01/35 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R (5) 10,721,924
47,775   Total Kentucky       47,676,983
22


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Louisiana – 3.0% (1.9% of Total Investments)        
$ 7,715   Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala Warehousing (US) LLC Project, Series 2013, 6.000%, 7/01/36   7/23 at 100.00 N/R $8,300,646
4,000   Board of Commissioners of the Port of New Orleans, Louisiana, Port Facility Revenue Bonds, Refunding Series 2018A, 5.000%, 4/01/48  –  AGM Insured   4/28 at 100.00 A2 4,498,640
670   Jefferson Parish Hospital District1, Louisiana, Hospital Revenue Bonds, West Jefferson Medical Center, Refunding Series 2011A, 6.000%, 1/01/39 (Pre-refunded 1/01/21)  –  AGM Insured   1/21 at 100.00 A2 (5) 735,332
1,870   Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue Bonds, Series 2017B, 5.000%, 12/01/42  –  AGM Insured   12/27 at 100.00 A2 2,129,874
5,000   Lafayette Public Trust Financing Authority, Louisiana, Revenue Bonds, Ragin' Cajun Facilities Inc. Housing & Parking Project, Series 2010, 5.500%, 10/01/41 (Pre-refunded 10/01/20)  –  AGM Insured   10/20 at 100.00 AA (5) 5,403,000
1,695   Louisiana Public Facilities Authority, Lease Revenue Bonds, Provident Group-Flagship Properties LLC - Louisiana State University Nicolson Gateway Project, Series 2016A, 5.000%, 7/01/46   7/26 at 100.00 A3 1,863,229
    Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Refunding Series 2016:        
20   4.000%, 5/15/35 (Pre-refunded 5/15/26)   5/26 at 100.00 N/R (5) 22,229
2,345   4.000%, 5/15/36   5/26 at 100.00 A3 2,373,093
20   5.000%, 5/15/47 (Pre-refunded 5/15/26)   5/26 at 100.00 N/R (5) 23,641
1,980   5.000%, 5/15/47   5/26 at 100.00 A3 2,170,892
    Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Refunding Series 2017:        
20,210   5.000%, 5/15/42   5/27 at 100.00 A3 22,372,066
6,000   5.000%, 5/15/46   5/27 at 100.00 A3 6,622,860
5,750   Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2011, 6.750%, 5/15/41 (Pre-refunded 5/15/21)   5/21 at 100.00 A3 (5) 6,496,350
3,500   Louisiana Public Facilities Authority, Revenue Bonds, Tulane University, Refunding Series 2017A, 4.000%, 12/15/50   12/27 at 100.00 A 3,524,395
13,590   Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A, 5.000%, 7/01/36   7/23 at 100.00 A2 15,078,513
1,015   Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Second Lien Series 2017C, 5.000%, 5/01/45   11/27 at 100.00 Aa3 1,148,046
5,000   Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Second Lien Series 2010B, 5.000%, 5/01/45 (Pre-refunded 5/01/20)   5/20 at 100.00 Aa3 (5) 5,292,550
12,000   New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project, Series 2015A, 5.000%, 1/01/45   1/25 at 100.00 A- 13,184,760
5,000   New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project, Series 2017A, 5.000%, 1/01/48   1/27 at 100.00 A- 5,600,400
6,280   New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014, 5.000%, 6/01/44   6/24 at 100.00 A- 6,890,667
1,355   Shreveport, Louisiana, Water and Sewer Revenue Bonds, Refunding Series 2015, 5.000%, 12/01/40   12/25 at 100.00 A- 1,507,573
105,015   Total Louisiana       115,238,756
23


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Maine – 0.6% (0.4% of Total Investments)        
$ 7,000   Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/43   7/23 at 100.00 Ba1 $7,264,950
6,300   Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2016A, 5.000%, 7/01/41   7/26 at 100.00 Ba1 6,627,474
6,375   Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth Issue, Series 2018A, 5.000%, 7/01/43   7/28 at 100.00 A+ 7,153,005
1,050   Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical Center, Series 2011, 6.750%, 7/01/41   7/21 at 100.00 Ba3 1,131,931
20,725   Total Maine       22,177,360
    Maryland – 1.3% (0.8% of Total Investments)        
    Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017:        
3,260   5.000%, 9/01/35   9/27 at 100.00 BBB- 3,634,802
2,650   5.000%, 9/01/42   9/27 at 100.00 BBB- 2,915,715
8,610   Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2017A, 5.000%, 7/01/41   1/27 at 100.00 A1 9,779,066
1,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Cente, Series 2011, 6.250%, 7/01/31   7/21 at 100.00 BBB 1,092,640
3,500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2013A, 5.000%, 7/01/43   7/22 at 100.00 A- 3,776,745
4,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Taxable Series 2017D, 4.000%, 7/01/48   1/28 at 100.00 A- 4,056,360
17,000   Maryland Stadium Authority, Lease Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2018A, 5.000%, 5/01/47   5/28 at 100.00 AA- 19,436,950
2,000   Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Series 2015, 5.000%, 12/01/44   6/25 at 100.00 AA- 2,227,020
1,150   Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, Series 2017A-1, 5.000%, 11/01/37   11/24 at 103.00 BB 1,249,935
2,100   Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Series 2017B, 5.000%, 11/01/42   11/24 at 103.00 BB 2,276,358
45,270   Total Maryland       50,445,591
    Massachusetts – 2.7% (1.7% of Total Investments)        
5,500   Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Commonwealth Contract Assistance Secured, Refunding Series 2010B, 5.000%, 1/01/35   1/20 at 100.00 AA 5,728,030
14,375   Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Refunding Senior Lien Series 2010B, 5.000%, 1/01/37   1/20 at 100.00 A3 14,946,406
1,250   Massachusetts Development Finance Agency, Hospital Revenue Bonds, Cape Cod Healthcare Obligated Group, Series 2013, 5.250%, 11/15/41   11/23 at 100.00 A+ 1,370,462
1,430   Massachusetts Development Finance Agency, Resource Recovery Revenue Refunding Bonds, Covanta Energy Project, Series 2012B, 4.875%, 11/01/42   9/18 at 100.00 BB- 1,430,472
930   Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green Bonds, Series 2015D, 5.000%, 7/01/44   7/25 at 100.00 BBB 1,006,669
12,370   Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2016BB-1, 5.000%, 10/01/46   10/26 at 100.00 A+ 13,986,512
24


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Massachusetts (continued)        
$ 1,100   Massachusetts Development Finance Agency, Revenue Bonds, Dana-Farber Cancer Institute Issue, Series 2016N, 5.000%, 12/01/46   12/26 at 100.00 A $1,236,037
    Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2015:        
2,070   4.500%, 1/01/45   1/25 at 100.00 Baa2 2,127,981
8,800   5.000%, 1/01/45   1/25 at 100.00 Baa2 9,447,592
2,700   Massachusetts Development Finance Agency, Revenue Bonds, Olin College, Series 2013E, 5.000%, 11/01/43   11/23 at 100.00 A2 2,960,253
4,000   Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System Issue, Series 2017S-1, 4.000%, 7/01/35   1/28 at 100.00 AA- 4,142,880
    Massachusetts Development Finance Agency, Revenue Bonds, Western New England University, Series 2015:        
1,380   5.000%, 9/01/40   9/25 at 100.00 BBB 1,484,576
1,545   5.000%, 9/01/45   9/25 at 100.00 BBB 1,657,121
3,000   Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation, Series 2002A, 5.750%, 1/01/42  –  AMBAC Insured   No Opt. Call AA- 3,983,040
4,500   Massachusetts Health and Education Facilities Authority, Revenue Bonds, Partners HealthCare System, Series 2010J-1, 5.000%, 7/01/39 (Pre-refunded 7/01/19)   7/19 at 100.00 AA- (5) 4,643,640
3,335   Massachusetts Health and Education Facilities Authority, Revenue Bonds, Partners HealthCare System, Tender Option Bond Trust 2015-XF0047, 11.569%, 7/01/34 (Pre-refunded 7/01/19), 144A (IF)   7/19 at 100.00 AA- (5) 3,654,326
1,800   Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Massachusetts Eye and Ear Infirmary, Series 2010C, 5.375%, 7/01/35 (Pre-refunded 7/01/20)   7/20 at 100.00 N/R (5) 1,923,318
900   Massachusetts Port Authority, Special Facilities Revenue Bonds, ConRac Project, Series 2011A, 5.125%, 7/01/41   7/21 at 100.00 A3 963,090
6,840   Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior Series 2013A, 5.000%, 5/15/43   5/23 at 100.00 Aa2 7,564,288
7,500   Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Tender Option Bond Trust 2016-XF2223, 8.496%, 8/15/24, 144A (IF)   8/22 at 100.00 Aa2 9,242,625
8,050   Metropolitan Boston Transit Parking Corporation, Massachusetts, Systemwide Parking Revenue Bonds, Senior Lien Series 2011, 5.000%, 7/01/41   7/21 at 100.00 A+ 8,616,720
500   Springfield Water and Sewer Commission, Massachusetts, General Revenue Bonds, Refunding Series 2010B, 5.000%, 11/15/30 (Pre-refunded 11/15/20)  –  AGC Insured   11/20 at 100.00 A3 (5) 537,415
93,875   Total Massachusetts       102,653,453
    Michigan – 5.0% (3.1% of Total Investments)        
5,335   Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds, Refunding Senior Lien Series 2012A, 5.250%, 7/01/39   7/22 at 100.00 A- 5,801,759
2,830   Detroit, Michigan, Senior Lien Sewerage Disposal System Revenue Bonds, Series 2001B, 5.500%, 7/01/29  –  FGIC Insured   No Opt. Call BBB+ 3,294,969
10,000   Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2011A, 5.250%, 7/01/41   7/21 at 100.00 A- 10,756,300
25


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Michigan (continued)        
    Grand Rapids and Kent County Joint Building Authority, Michigan, Limited Tax General Obligation Bonds, Devos Place Project, Series 2001:        
$ 7,660   0.000%, 12/01/21   No Opt. Call AAA $7,159,343
7,955   0.000%, 12/01/22   No Opt. Call AAA 7,245,175
8,260   0.000%, 12/01/23   No Opt. Call AAA 7,315,882
8,575   0.000%, 12/01/24   No Opt. Call AAA 7,363,781
10,000   Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Refunding Senior Lien Series 2016C, 5.000%, 7/01/35   7/26 at 100.00 A- 11,406,900
27,960   Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Senior Lien Series 2016A, 5.000%, 7/01/46   7/26 at 100.00 A- 31,101,865
    Kalamazoo Hospital Finance Authority, Michigan, Hospital Revenue Refunding Bonds, Bronson Methodist Hospital, Remarketed Series 2006:        
895   5.250%, 5/15/36  –  AGM Insured   5/20 at 100.00 A2 938,014
1,105   5.250%, 5/15/36 (Pre-refunded 5/15/20)  –  AGM Insured   5/20 at 100.00 A2 (5) 1,172,891
405   Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & Sewerage Department Water Supply System Local Project, Refunding Senior Loan Series 2014D-1, 5.000%, 7/01/37  –  AGM Insured   7/24 at 100.00 A2 446,047
1,300   Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & Sewerage Department Water Supply System Local Project, Series 2014C-1, 5.000%, 7/01/44   7/22 at 100.00 A 1,399,294
12,520   Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2017A, 4.000%, 12/01/36   12/27 at 100.00 AA- 12,923,394
    Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011MI:        
35   5.000%, 12/01/39 (Pre-refunded 12/01/21)   12/21 at 100.00 N/R (5) 38,497
9,965   5.000%, 12/01/39   12/21 at 100.00 AA- 10,856,070
3,000   Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2015, 5.000%, 12/01/31   6/22 at 100.00 AA- 3,286,050
9,000   Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit Group, Refunding and Project Series 2010F-6, 4.000%, 11/15/47   11/26 at 100.00 AA+ 9,164,970
1,315   Michigan Public Power Agency, AFEC Project Revenue Bonds, Series 2012A, 5.000%, 1/01/43   1/22 at 100.00 BBB 1,380,934
    Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2015-I:        
17,000   5.000%, 4/15/31   10/25 at 100.00 AA- 19,471,290
1,615   5.000%, 4/15/38   10/25 at 100.00 AA- 1,814,969
11,345   Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Refunding Series 2009, 5.750%, 11/15/39 (Pre-refunded 11/15/19)   11/19 at 100.00 N/R (5) 11,940,159
2,000   Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 2009C, 5.000%, 12/01/48   6/22 at 100.00 AA- 2,144,400
4,575   Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds, Series 2008A, 6.875%, 6/01/42   9/18 at 100.00 B2 4,585,477
5,780   Oakland University, Michigan, General Revenue Bonds, Series 2012, 5.000%, 3/01/42   3/22 at 100.00 A1 6,240,955
26


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Michigan (continued)        
$ 2,500   Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2009W, 6.375%, 8/01/29 (Pre-refunded 8/01/19)   8/19 at 100.00 A1 (5) $2,616,875
2,300   Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital, Refunding Series 2009V, 8.250%, 9/01/39 (Pre-refunded 9/01/18)   9/18 at 100.00 Aaa (5) 2,312,857
2,200   Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2015D, 5.000%, 12/01/45   12/25 at 100.00 A 2,452,274
5,000   Wayne State University, Michigan, General Revenue Bonds, Series 2018A, 5.000%, 11/15/43   11/28 at 100.00 A+ 5,675,300
182,430   Total Michigan       192,306,691
    Minnesota – 1.5% (0.9% of Total Investments)        
285   Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A, 4.000%, 8/01/36   8/26 at 100.00 BB+ 274,361
4,005   City of Milaca, Minnesota Refunding Revenue Bonds, Grandview Christian Home Project, Series 2016, 5.000%, 10/01/41   10/24 at 102.00 N/R 4,170,887
    Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, Walker Highview Hills LLC Project, Refunding Series 2016A:        
2,130   3.500%, 8/01/25   8/22 at 100.00 N/R 2,075,706
1,000   5.000%, 8/01/46   8/22 at 100.00 N/R 1,010,820
11,010   Independent School District 621, Mounds View, Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/42   2/27 at 100.00 AAA 11,436,197
5,600   Itasca County Independent School District 318, Minnesota, General Obligation Bonds, Series 2018A, 4.000%, 2/01/37   2/27 at 100.00 AAA 5,846,176
    Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Senior Lien Series 2016C:        
3,500   5.000%, 1/01/41   1/27 at 100.00 AA- 4,003,020
5,000   5.000%, 1/01/46   1/27 at 100.00 AA- 5,698,700
    Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding Series 2017A:        
1,000   5.000%, 12/01/42   12/26 at 100.00 Aa3 1,139,300
1,355   5.000%, 12/01/47   12/26 at 100.00 Aa3 1,538,426
4,230   Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Nova Classical Academy, Series 2016A, 4.125%, 9/01/47   9/24 at 102.00 BBB- 4,148,995
3,000   Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Facility Revenue Bonds, HealthPartners Obligated Group, Refunding Series 2015A, 5.000%, 7/01/30   7/25 at 100.00 A2 3,412,170
595   Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds, Fairview Health Services, Series 2017A, 4.000%, 11/15/35   11/27 at 100.00 A2 616,474
850   Sartell, Minnesota, Health Care Facilities Revenue Bonds, Country Manor Campus LLC Project, Refunding Series 2017, 5.000%, 9/01/42   9/27 at 100.00 N/R 928,370
27


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Minnesota (continued)        
    St. Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, HealthEast Inc., Series 2015A:        
$ 550   5.250%, 11/15/35 (Pre-refunded 11/15/20)   11/20 at 100.00 A+ (5) $591,652
3,595   5.000%, 11/15/40 (Pre-refunded 11/15/25)   11/25 at 100.00 A+ (5) 4,232,034
5,315   5.000%, 11/15/44 (Pre-refunded 11/15/25)   11/25 at 100.00 A+ (5) 6,256,818
53,020   Total Minnesota       57,380,106
    Mississippi – 0.6% (0.4% of Total Investments)        
13,390   Medical Center Educational Building Corporation, Mississippi, Revenue Bonds, University of Mississippi Medical Center New Facilities & Refinancing Project, Series 2017A, 4.000%, 6/01/47   6/27 at 100.00 Aa2 13,548,538
9,705   Mississippi Business Finance Corporation, Pollution Control Revenue Refunding Bonds, System Energy Resources Inc. Project, Series 1998, 5.875%, 4/01/22   10/18 at 100.00 Baa3 9,726,739
23,095   Total Mississippi       23,275,277
    Missouri – 3.5% (2.2% of Total Investments)        
2,585   Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2013A, 5.000%, 10/01/44   10/22 at 100.00 Aa2 2,854,047
    Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding Series 2016:        
2,470   4.000%, 8/01/33   8/26 at 100.00 Baa2 2,412,745
4,590   5.000%, 8/01/35   8/26 at 100.00 Baa2 4,856,404
640   4.000%, 8/01/38   8/26 at 100.00 Baa2 607,821
    Hannibal Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Hannibal Regional Healthcare System, Series 2017:        
2,860   5.000%, 10/01/42   10/27 at 100.00 BBB+ 3,139,594
1,000   5.000%, 10/01/47   10/27 at 100.00 BBB+ 1,092,890
    Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series 2004B-1:        
8,150   0.000%, 4/15/27  –  AMBAC Insured   No Opt. Call A1 6,135,075
5,000   0.000%, 4/15/31  –  AMBAC Insured   No Opt. Call A1 3,213,750
    Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Improvement Series 2018A:        
2,475   4.000%, 1/01/38   1/28 at 100.00 AA 2,603,923
4,470   4.000%, 1/01/42   1/28 at 100.00 AA 4,666,099
500   Kansas City, Missouri, Water Revenue Bonds, Series 2017A, 3.250%, 12/01/34   12/26 at 100.00 Aa2 499,355
315   Missouri Development Finance Board, Infrastructure Facilities Revenue Bonds, Branson Landing Project, Series 2005A, 6.000%, 6/01/20   No Opt. Call A3 328,126
1,350   Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds, Saint Luke's Health System, Inc., Series 2016, 5.000%, 11/15/35   5/26 at 100.00 A+ 1,507,370
1,400   Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Kansas City University of Medicine and Biosciences, Series 2017A, 5.000%, 6/01/42   6/27 at 100.00 A1 1,560,524
11,985   Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013, 5.500%, 5/01/43   5/23 at 100.00 BBB 12,850,916
28


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Missouri (continued)        
$ 8,665   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Series 2015A, 4.000%, 1/01/45   1/25 at 100.00 AA $8,841,766
1,500   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Variable Rate Demand Obligation Series 2013C, 4.000%, 1/01/50 (Mandatory Put 1/01/46)   7/26 at 100.00 AA 1,527,495
14,000   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Variable Rate Demand Obligation Series 2017D, 5.000%, 1/01/58 (UB) (4)   1/28 at 100.00 AA 14,219,520
17,300   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2013A, 5.000%, 11/15/48   11/23 at 100.00 A2 18,455,467
2,220   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2017C, 5.000%, 11/15/42   11/27 at 100.00 AA- 2,495,058
3,000   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, SSM Health Care, Series 2014A, 4.000%, 6/01/33   6/24 at 100.00 A+ 3,065,670
9,750   Missouri Health and Educational Facilities Authority, Revenue Bonds, Children's Mercy Hospital, Series 2017A, 4.000%, 5/15/48   5/25 at 102.00 A+ 9,850,425
4,155   Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2014A, 5.000%, 2/01/35   2/24 at 100.00 BBB 4,453,495
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2016A:        
1,900   5.000%, 2/01/36   2/26 at 100.00 BBB 2,064,312
2,550   5.000%, 2/01/46   2/26 at 100.00 BBB 2,749,741
4,685   Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis University, Series 2017A, 5.000%, 10/01/42   4/27 at 100.00 A1 5,261,958
7,085   Missouri Joint Municipal Electric Utility Commission, Prairie State Power Project Revenue Bonds, Refunding Series 2016A, 5.000%, 12/01/34   6/26 at 100.00 A2 8,019,511
    Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Refudning Series 2016C:        
1,675   4.000%, 12/01/31   12/25 at 100.00 AA+ 1,766,371
2,535   5.000%, 12/01/32   12/25 at 100.00 AA+ 2,902,195
220   St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village of Sunset Hills, Series 2013A, 5.875%, 9/01/43   9/23 at 100.00 BBB+ 248,488
131,030   Total Missouri       134,250,111
    Montana – 0.2% (0.1% of Total Investments)        
1,475   Kalispell, Montana, Housing and Healthcare Facilities Revenue Bonds, Immanuel Lutheran Corporation, Series 2017A, 5.250%, 5/15/47   5/25 at 102.00 N/R 1,543,543
3,310   Montana Facilities Finance Authority, Montana, Health Facilities Reveue Bonds, Bozeman Deaconess Health Services Obligated Group, Series 2018, 5.000%, 6/01/48   6/28 at 100.00 A 3,699,356
2,580   Montana Facility Finance Authority, Hospital Revenue Bonds, Benefis Health System Obligated Group, Refunding Series 2016, 5.000%, 2/15/41   2/27 at 100.00 A 2,847,391
7,365   Total Montana       8,090,290
    Nebraska – 1.1% (0.7% of Total Investments)        
2,620   Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012, 5.000%, 9/01/42   9/22 at 100.00 A 2,867,223
29


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Nebraska (continued)        
$ 3,000   Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2017, 5.000%, 11/15/47   5/27 at 100.00 A1 $3,330,510
    Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015:        
700   5.000%, 11/01/45   11/25 at 100.00 A- 763,385
1,400   5.000%, 11/01/48   11/25 at 100.00 A- 1,521,184
2,280   Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds, Great Plains Regional Medical Center Project, Series 2012, 5.000%, 11/01/42   11/21 at 100.00 A- 2,414,178
4,000   Lincoln, Nebraska, Electric System Revenue Bonds, Refunding Series 2012, 5.000%, 9/01/37   9/22 at 100.00 AA 4,419,920
    Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Refunding Series 2017A:        
2,150   5.000%, 7/01/29   7/27 at 100.00 BBB 2,386,371
2,000   5.000%, 7/01/30   7/27 at 100.00 BBB 2,211,820
    Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018:        
1,000   5.000%, 7/01/32   7/25 at 100.00 BBB 1,078,000
820   5.000%, 7/01/33   7/25 at 100.00 BBB 881,894
2,000   5.000%, 7/01/34   7/25 at 100.00 BBB 2,145,920
5,110   Municipal Energy Agency of Nebraska, Power Supply System Revenue Bonds, Refunding Series 2016A, 5.000%, 4/01/38   10/26 at 100.00 A 5,754,320
10,000   Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2012A, 5.000%, 2/01/42 (Pre-refunded 2/01/22)   2/22 at 100.00 AA (5) 11,051,300
37,080   Total Nebraska       40,826,025
    Nevada – 5.6% (3.6% of Total Investments)        
6,030   Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series 2017A, 5.000%, 9/01/47   9/27 at 100.00 BBB+ 6,590,790
2,000   Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2009C, 5.000%, 7/01/26  –  AGM Insured   7/19 at 100.00 Aa3 2,061,980
27,000   Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B, 5.750%, 7/01/42   1/20 at 100.00 A+ 28,563,840
    Clark County, Nevada, General Obligation Bonds, Limited Tax Bond Bank Additionally Secured by Pledged Revenues, Refunding Series 2009:        
3,520   5.000%, 6/01/27   6/19 at 100.00 AA+ 3,613,843
3,695   5.000%, 6/01/28   6/19 at 100.00 AA+ 3,792,881
3,880   5.000%, 6/01/29   6/19 at 100.00 AA+ 3,980,841
17,525   Clark County, Nevada, General Obligation Bonds, Stadium Improvement, Limited Tax Additionally Secured by Pledged Revenues, Series 2018A, 5.000%, 5/01/48   6/28 at 100.00 AA+ 20,103,278
    Clark County, Nevada, General Obligation Bonds, Transportation, Refunding Series 2010B:        
4,915   5.000%, 7/01/25   1/20 at 100.00 AA+ 5,134,209
4,160   5.000%, 7/01/26   1/20 at 100.00 AA+ 4,344,954
30


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Nevada (continued)        
    Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran International Airport, Series 2010A:        
$ 12,265   5.250%, 7/01/39  –  AGM Insured   1/20 at 100.00 Aa3 $12,863,532
35,860   5.250%, 7/01/42   1/20 at 100.00 A+ 37,594,548
365   Director of the State of Nevada Department of Business and Industry, Charter School Lease Revenue Bonds, Somerset Academy, Series 2018A, 5.000%, 12/15/38   12/25 at 100.00 BB 376,319
    Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada, Refunding Series 2016:        
2,300   4.000%, 9/01/26   No Opt. Call N/R 2,386,848
1,525   4.000%, 9/01/27   9/26 at 100.00 N/R 1,563,094
2,660   4.000%, 9/01/29   9/26 at 100.00 N/R 2,681,892
2,920   4.000%, 9/01/30   9/26 at 100.00 N/R 2,925,928
10,000   Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C, 5.000%, 6/01/38   6/21 at 100.00 AA+ 10,761,200
    Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2015:        
5,000   5.000%, 6/01/32   12/24 at 100.00 AA+ 5,702,350
10,000   5.000%, 6/01/33   12/24 at 100.00 AA+ 11,386,000
7,170   5.000%, 6/01/39   12/24 at 100.00 AA+ 8,092,277
11,915   5.000%, 6/01/39 (UB)   12/24 at 100.00 AA+ 13,447,626
    Las Vegas Valley Water District, Nevada, General Obligation Bonds, Tender Option Bond Trust 2015-XF0233:        
1,000   15.155%, 12/01/22 (IF),144A   No Opt. Call AA+ 1,514,540
3,995   15.245%, 12/01/22 (IF),144A   No Opt. Call AA+ 6,049,309
1,250   15.253%, 6/01/39 (IF),144A   12/24 at 100.00 AA+ 1,893,175
1,250   15.253%, 6/01/39 (IF),144A   12/24 at 100.00 AA+ 1,893,175
2,500   15.253%, 6/01/39 (IF),144A   12/24 at 100.00 AA+ 3,786,350
4,100   Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B, 5.000%, 6/01/42   6/22 at 100.00 AA+ 4,465,802
3,760   Reno, Nevada, Capital Improvement Revenue Bonds, Series 2005B, 0.000%, 6/01/37  –  FGIC Insured   6/24 at 49.90 Baa2 1,468,054
8,540   Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors Authority, Refunding Series 2011, 5.000%, 7/01/32   7/21 at 100.00 AA 9,251,467
201,100   Total Nevada       218,290,102
    New Hampshire – 0.3% (0.2% of Total Investments)        
8,000   New Hampshire Business Finance Authority, Revenue Bonds, Elliot Hospital Obligated Group Issue, Series 2009A, 6.125%, 10/01/39 (Pre-refunded 10/01/19)   10/19 at 100.00 BBB (5) 8,426,080
1,500   New Hampshire Health and Education Facilities Authority, Revenue Bonds, Concord Hospital, Series 2017, 5.000%, 10/01/47   10/27 at 100.00 A2 1,655,220
31


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New Hampshire (continued)        
    New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth-Hitchcock Obligated Group, Series 2018A:        
$ 1,115   5.000%, 8/01/36   2/28 at 100.00 A $1,249,146
1,435   5.000%, 8/01/37   2/28 at 100.00 A 1,601,503
12,050   Total New Hampshire       12,931,949
    New Jersey – 6.4% (4.0% of Total Investments)        
20,890   New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2016BBB, 5.500%, 6/15/30   12/26 at 100.00 BBB+ 23,913,827
    New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2014UU:        
5,515   5.000%, 6/15/30   6/24 at 100.00 BBB+ 5,968,498
5,000   5.000%, 6/15/40   6/24 at 100.00 BBB+ 5,293,900
1,005   New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2017DDD, 5.000%, 6/15/42   6/27 at 100.00 BBB+ 1,086,395
6,975   New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2011GG, 5.000%, 9/01/24   3/21 at 100.00 BBB+ 7,354,300
10,600   New Jersey Economic Development Authority, Sublease Revenue Bonds, New Jersey Transit Corporation Projects, Refunding Series 2017B, 5.000%, 11/01/25   No Opt. Call BBB+ 11,875,922
6,030   New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University, Refunding Series 2017, 5.000%, 6/01/37  –  AGM Insured   6/27 at 100.00 A2 6,702,043
2,020   New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Series 2007, 5.750%, 7/01/37   10/18 at 100.00 BB+ 2,025,030
2,500   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hackensack Meridian Health Obligated Group, Refunding Series 2017A, 5.000%, 7/01/37   7/27 at 100.00 AA- 2,848,600
720   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Robert Wood Johnson University Hospital, Series 2013A, 5.500%, 7/01/43   7/23 at 100.00 A+ 807,948
10,970   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Refunding Series 2016A, 5.000%, 7/01/43   7/26 at 100.00 A+ 12,267,422
695   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46  –  AGM Insured   7/25 at 100.00 BB- 762,985
    New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2016A-1:        
3,050   5.000%, 6/15/28   6/26 at 100.00 Baa1 3,417,891
7,795   5.000%, 6/15/29   6/26 at 100.00 Baa1 8,700,779
    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital Appreciation Series 2010A:        
5,000   0.000%, 12/15/26   No Opt. Call BBB+ 3,630,800
16,495   0.000%, 12/15/33   No Opt. Call BBB+ 8,386,388
32


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New Jersey (continued)        
    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C:        
$ 1,815   0.000%, 12/15/26  –  AMBAC Insured   No Opt. Call AA+ $1,416,971
10,000   0.000%, 12/15/30  –  FGIC Insured   No Opt. Call A- 6,045,700
38,000   0.000%, 12/15/33  –  AGM Insured   No Opt. Call A- 20,426,140
45,000   0.000%, 12/15/35  –  AMBAC Insured   No Opt. Call BBB+ 20,986,650
10,000   0.000%, 12/15/36  –  AMBAC Insured   No Opt. Call BBB+ 4,399,700
4,500   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2001C, 5.500%, 12/15/18  –  AGM Insured   No Opt. Call A- 4,564,080
10,500   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2007A, 5.000%, 12/15/34  –  AMBAC Insured   10/18 at 100.00 A2 10,522,995
5,000   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2010D, 5.000%, 12/15/23   No Opt. Call BBB+ 5,521,050
2,310   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B, 5.500%, 6/15/31   6/21 at 100.00 BBB+ 2,445,343
1,000   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012A, 5.000%, 6/15/42   6/22 at 100.00 A- 1,039,840
    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2013AA:        
5,500   5.000%, 6/15/29   6/23 at 100.00 A- 5,884,010
7,500   5.500%, 6/15/39   6/23 at 100.00 BBB+ 8,058,150
14,000   New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2005D-1, 5.250%, 1/01/26  –  AGM Insured   No Opt. Call A2 16,584,680
    New Jersey Turnpike Authority, Revenue Bonds, Series 2009H:        
1,750   5.000%, 1/01/36 (Pre-refunded 1/01/19)   1/19 at 100.00 N/R (5) 1,776,548
3,250   5.000%, 1/01/36 (Pre-refunded 1/01/19)   1/19 at 100.00 A (5) 3,299,303
1,250   New Jersey Turnpike Authority, Revenue Bonds, Series 2017B, 4.000%, 1/01/35   1/28 at 100.00 A2 1,321,325
1,315   New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Trust 2016-XF1057, 14.129%, 1/01/43, 144A (IF) (4)   7/22 at 100.00 A2 1,872,376
1,500   New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2017G, 4.000%, 1/01/33   1/28 at 100.00 A2 1,595,580
3,000   Rahway Valley Sewerage Authority, New Jersey, Sewer Revenue Bonds, Series 2005A, 0.000%, 9/01/25  –  NPFG Insured   No Opt. Call Aa2 2,462,160
    Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L:        
2,000   5.000%, 5/01/38   5/23 at 100.00 A+ 2,221,480
910   5.000%, 5/01/43   5/23 at 100.00 A+ 1,009,481
15,235   Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A, 5.000%, 6/01/46   6/28 at 100.00 BBB+ 16,774,801
2,615   Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B, 5.000%, 6/01/46   6/28 at 100.00 BBB 2,808,092
293,210   Total New Jersey       248,079,183
    New Mexico – 0.1% (0.0% of Total Investments)        
2,725   Rio Rancho, New Mexico, Water and Wastewater System Revenue Bonds, Refunding Series 2009, 5.000%, 5/15/21  –  AGM Insured   5/19 at 100.00 A2 2,798,112
33


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New York – 6.3% (4.0% of Total Investments)        
$ 7,000   Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Series 2009, 0.000%, 7/15/45   No Opt. Call BBB- $2,271,290
3,000   Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series 2011A, 5.000%, 10/01/41   4/21 at 100.00 AAA 3,219,330
7,435   Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series 2010, 5.500%, 7/01/43 (Pre-refunded 7/01/20)  –  AGM Insured   7/20 at 100.00 A2 (5) 7,970,543
12,830   Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series 2015A, 5.000%, 7/01/50   7/25 at 100.00 A- 14,118,132
3,200   Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2012A, 5.000%, 7/01/42   7/22 at 100.00 AA- 3,506,464
4,000   Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2013A, 5.000%, 7/01/43   7/23 at 100.00 AA- 4,442,040
1,000   Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017, 5.000%, 12/01/33   6/27 at 100.00 BBB- 1,113,860
14,075   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2015B Group C, 5.000%, 2/15/36   2/25 at 100.00 Aa1 15,823,256
    Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A:        
445   5.250%, 2/15/47 (Pre-refunded 2/15/21)   2/21 at 100.00 Aa3 (5) 484,280
9,670   5.250%, 2/15/47   2/21 at 100.00 AA- 10,386,063
1,295   5.750%, 2/15/47   2/21 at 100.00 AA- 1,409,789
2,105   5.750%, 2/15/47 (Pre-refunded 2/15/21)   2/21 at 100.00 Aa3 (5) 2,316,826
10,000   Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series 2005, 5.250%, 10/01/35   No Opt. Call A 12,316,400
    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A:        
1,045   4.000%, 9/01/39  –  AGM Insured   9/24 at 100.00 A- 1,076,841
780   5.000%, 9/01/44   9/24 at 100.00 A- 866,104
5,000   Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2017, 5.000%, 9/01/47   9/27 at 100.00 A- 5,649,550
7,240   Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 5.000%, 5/01/38 (Pre-refunded 5/01/21)   5/21 at 100.00 A- (5) 7,876,396
15,100   Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A, 5.000%, 9/01/42   9/22 at 100.00 A- 16,512,454
3,500   Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue Bonds, Unity Hospital of Rochestor Project, Series 2010, 5.750%, 8/15/30   2/21 at 100.00 AA 3,850,385
1,000   Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of Rochester Project, Series 2013A, 5.000%, 7/01/43 (Pre-refunded 7/01/23)   7/23 at 100.00 AA- (5) 1,144,760
2,100   New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Fiscal 2011 Series EE, 5.375%, 6/15/43   12/20 at 100.00 AA+ 2,269,260
4,400   New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Series 2009EE-2, 5.250%, 6/15/40   6/19 at 100.00 AA+ 4,535,300
7,225   New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2014 Series BB, 5.000%, 6/15/46   6/23 at 100.00 AA+ 7,954,003
34


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New York (continued)        
$ 5,000   New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2017 Series EE, 5.000%, 6/15/37   6/27 at 100.00 AA+ $5,727,400
3,500   New York City Transitional Finance Auhority, New York, Building Aid Revenue Bonds, Fiscal 2018, Series 2017S-1, 4.000%, 7/15/36   7/27 at 100.00 AA 3,652,635
5,000   New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2013 Series I, 5.000%, 5/01/38   5/23 at 100.00 Aa1 5,530,100
5,000   New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2018 Series C-2, 5.000%, 5/01/38   5/28 at 100.00 Aa1 5,761,850
2,060   New York City, New York, General Obligation Bonds, Fiscal 2017 Series B-1, 5.000%, 12/01/41   12/26 at 100.00 AA 2,346,958
10   New York City, New York, General Obligation Bonds, Fiscal Series 1996J, 5.500%, 2/15/26   10/18 at 100.00 AA- 10,035
5   New York City, New York, General Obligation Bonds, Fiscal Series 1997H, 6.125%, 8/01/25   10/18 at 100.00 AA 5,020
80   New York City, New York, General Obligation Bonds, Fiscal Series 2002G, 5.750%, 8/01/18   No Opt. Call AA 80,000
23,920   New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A   11/24 at 100.00 N/R 25,277,460
6,385   New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade Center Project, Series 2011, 5.750%, 11/15/51   11/21 at 100.00 A+ 7,112,443
4,045   New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects, Tender Option Bond Trust 2016-XL0002, 11.896%, 6/15/26, 144A (IF) (4)   6/22 at 100.00 AAA 5,380,538
10   New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project, Series 1996A, 6.125%, 11/01/20  –  AGM Insured   11/18 at 100.00 A2 10,029
8,000   New York State Thruway Authority, General Revenue Junior Indebtedness Obligations, Series 2016A, 5.000%, 1/01/51 (UB) (4)   1/26 at 100.00 A- 8,854,480
2,105   Onondaga Civic Development Corporation, New York, Revenue Bonds, Saint Joseph's Hospital Health Center Project, Series 2012, 5.000%, 7/01/42 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R (5) 2,350,822
3,925   Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy Ninth Series 2013, 5.000%, 12/01/38   12/23 at 100.00 AA- 4,399,258
3,710   Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42   12/20 at 100.00 BBB 4,048,834
8,550   Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC Project, Eigth Series 2010, 5.500%, 12/01/31   12/20 at 100.00 BBB 9,221,774
9,950   Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Bonds, Tender Option Bond Trust 2016-XL0003, 6.394%, 11/15/21, 144A (IF) (4)   No Opt. Call AA- 11,386,581
5,000   Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Series 2015A, 5.000%, 11/15/50   5/25 at 100.00 AA- 5,573,900
    Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Subordinate Lien Series 2013A:        
10,725   0.000%, 11/15/31   No Opt. Call A+ 6,754,927
1,105   0.000%, 11/15/32   No Opt. Call A+ 666,525
231,530   Total New York       245,264,895
35


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    North Carolina – 1.0% (0.6% of Total Investments)        
$ 3,555   Charlotte, North Carolina, Water and Sewer System Refunding Bonds, Tender Option Bond Trust 2016-XL0012, 11.769%, 7/01/38, 144A (IF) (4)   7/20 at 100.00 AAA $4,193,869
1,000   Charlotte-Mecklenberg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Series 2011A, 5.250%, 1/15/42   1/21 at 100.00 AA- 1,077,150
9,485   North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University Project, Series 2015B, 5.000%, 10/01/55 (UB) (4)   10/25 at 100.00 AA+ 10,660,286
2,720   North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Southminster Project, Refunding Series 2016, 5.000%, 10/01/37   10/24 at 102.00 N/R 2,913,583
3,560   North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University Health System, Series 2009A, 5.000%, 6/01/42 (Pre-refunded 6/01/19)   6/19 at 100.00 Aa2 (5) 3,664,486
5,000   North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University Health System, Series 2012A, 5.000%, 6/01/42   6/22 at 100.00 AA 5,451,800
1,455   North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health, Refunding Series 2012A, 5.000%, 6/01/36   6/22 at 100.00 A+ 1,566,613
    North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, WakeMed, Refunding Series 2012A:        
3,300   5.000%, 10/01/31   10/22 at 100.00 A2 3,642,078
1,500   5.000%, 10/01/38   10/22 at 100.00 A2 1,644,885
1,900   North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Series 2009A, 5.750%, 1/01/39 (Pre-refunded 1/01/19)  –  AGC Insured   1/19 at 100.00 BBB- (5) 1,934,276
33,475   Total North Carolina       36,749,026
    North Dakota – 0.9% (0.6% of Total Investments)        
5,080   Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center Project, Refunding Series 2012A, 4.500%, 7/01/32 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R (5) 5,547,716
    Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011:        
1,500   6.000%, 11/01/28   11/21 at 100.00 A+ 1,697,295
3,910   6.250%, 11/01/31   11/21 at 100.00 A+ 4,445,670
1,015   Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2012, 5.000%, 12/01/35   12/21 at 100.00 Baa1 1,067,648
4,635   Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2017A, 5.000%, 12/01/42   12/27 at 100.00 Baa1 5,087,376
900   Grand Forks, North Dakota, Senior Housing & Nursing Facilities Revenue Bonds, Valley Homes and Services Obligated Group, Series 2017, 5.000%, 12/01/36   12/26 at 100.00 N/R 902,979
500   Grand Forks, North Dakota, Senior Housing and Nursing Facilities Revenue Bonds, Valley Homes Obligated Group, Series 2016A, 5.125%, 12/01/24   No Opt. Call N/R 530,295
12,565   Ward County Health Care, North Dakota, Revenue Bonds, Trinity Obligated Group, Series 2017C, 5.000%, 6/01/43   6/28 at 100.00 BBB- 13,705,399
1,420   Williston, North Dakota, Multifamily Housing Revenue Bonds, Eagle Crest Apartments LLC Project, Series 2013, 7.750%, 9/01/38 (7)   9/23 at 100.00 N/R 568,000
31,525   Total North Dakota       33,552,378
36


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Ohio – 9.9% (6.3% of Total Investments)        
    Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue Bonds, Summa Health System, Refunding & Improvement Series 2016:        
$ 3,020   5.250%, 11/15/41   11/26 at 100.00 Baa2 $3,312,849
8,255   5.250%, 11/15/46   11/26 at 100.00 Baa2 8,994,400
320   Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Revenue Bonds, Children's Hospital Medical Center, Improvement & Refunding Series 2012, 5.000%, 11/15/42   5/22 at 100.00 A1 342,256
    Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Health Partners, Refunding and Improvement Series 2012A:        
860   4.000%, 5/01/33   5/22 at 100.00 A2 871,318
650   5.000%, 5/01/33   5/22 at 100.00 A2 706,056
800   5.000%, 5/01/42   5/22 at 100.00 A2 860,392
10,990   Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Refunding & Improvement Series 2015A, 5.000%, 11/01/43   11/24 at 100.00 A2 11,868,870
6,000   Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Series 2017A, 4.000%, 8/01/36   2/28 at 100.00 A2 6,133,380
2,750   Bowling Green State University, Ohio, General Receipts Bonds, Series 2017B, 5.000%, 6/01/42   6/27 at 100.00 A+ 3,071,970
    Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-2:        
12,060   5.125%, 6/01/24   9/18 at 100.00 Caa1 12,044,925
4,370   5.375%, 6/01/24   9/18 at 100.00 Caa1 4,370,087
22,340   5.875%, 6/01/30   9/18 at 100.00 Caa1 22,451,700
37,175   5.750%, 6/01/34   10/18 at 100.00 Caa1 37,268,309
14,555   6.000%, 6/01/42   9/18 at 100.00 B- 14,555,146
33,485   5.875%, 6/01/47   9/18 at 100.00 B- 33,773,306
1,500   6.500%, 6/01/47   9/18 at 100.00 B- 1,544,985
14,570   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37   6/22 at 100.00 Caa1 15,261,492
6,000   Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010, 5.250%, 11/01/29 (Pre-refunded 11/01/20)   11/20 at 100.00 A (5) 6,460,620
    Cleveland Heights-University Heights City School District, Ohio, General Obligation Bonds, School Improvement Series 2014:        
7,060   5.000%, 12/01/51   6/23 at 100.00 Aa3 7,677,044
10,480   5.000%, 12/01/51 (Pre-refunded 6/01/23)   6/23 at 100.00 N/R (5) 11,884,320
5,165   Cuyahoga Community College District, Ohio, General Obligation Bonds, Facilities Construction & Improvement Series 2018, 4.000%, 12/01/38   6/26 at 100.00 AA 5,390,762
5,975   Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center Project, Series 2013, 5.000%, 6/15/43   6/23 at 100.00 Baa2 6,239,394
1,465   Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children's Hospital Project, Improvement Series 2012A, 5.000%, 11/01/42   5/22 at 100.00 Aa2 1,575,051
6,345   Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Series 2011A, 5.000%, 11/15/41   11/21 at 100.00 Aa2 6,831,788
37


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Ohio (continued)        
$ 6,950   Franklin County, Ohio, Revenue Bonds, Trinity Health Credit Group, Series 2017A, 5.000%, 12/01/47   12/27 at 100.00 AA- $7,862,118
10,000   Greene County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Nretwork Series 2009, 5.500%, 4/01/39   4/19 at 100.00 A2 10,259,000
    Hamilton County, Ohio, Healthcare Revenue Bonds, Life Enriching Communities Project, Series 2017A:        
1,500   5.000%, 1/01/47   1/27 at 100.00 BBB- 1,617,330
1,120   5.000%, 1/01/52   1/27 at 100.00 BBB- 1,203,451
    Hamilton County, Ohio, Healthcare Revenue Bonds, Life Enriching Communities, Refunding & Improvement Series 2016:        
3,425   5.000%, 1/01/46   1/26 at 100.00 BBB- 3,679,101
6,000   5.000%, 1/01/51   1/26 at 100.00 BBB- 6,425,160
    JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien Series 2013A:        
6,920   5.000%, 1/01/38   1/23 at 100.00 Aa3 7,599,129
14,850   5.000%, 1/01/38 (UB) (4)   1/23 at 100.00 Aa3 16,307,379
    JobsOhio Beverage System, Ohio, Statewide Senior Lien Liquor Profits Revenue Bonds, Tender Option Bond Trust 2016-XG0052:        
875   15.191%, 1/01/38 (IF),144A (4)   1/23 at 100.00 Aa3 1,218,473
1,050   15.191%, 1/01/38 (IF),144A (4)   1/23 at 100.00 Aa3 1,462,167
2,305   Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21)   11/21 at 100.00 A+ (5) 2,609,329
6,000   Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding Series 2007, 5.250%, 12/01/31  –  AGM Insured   No Opt. Call A2 7,154,880
4,380   Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A, 5.000%, 5/01/30   10/18 at 100.00 BBB+ 4,429,363
21,000   Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Refunding & Improvement Series 2014, 5.000%, 11/15/49   11/24 at 100.00 AA+ 23,427,180
9,365   Ohio Higher Educational Facility Commission, Revenue Bonds, University of Dayton, Series 2018A, 5.000%, 12/01/48   6/28 at 100.00 A2 10,557,726
7,500   Ohio State, Hospital Facility Revenue Bonds, Cleveland Clinic Health System Obligated Group, Refunding Series 2009A, 5.500%, 1/01/39 (Pre-refunded 1/01/19)   1/19 at 100.00 AA (5) 7,629,150
19,515   Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series 2013A-1, 5.000%, 2/15/48   2/23 at 100.00 A+ 21,227,637
7,550   Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien Convertible Series 2013A-3, 0.000%, 2/15/36 (6)   2/31 at 100.00 A+ 7,347,811
9,000   Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Projects, Junior Lien Series 2018A, 4.000%, 2/15/46   2/28 at 100.00 A+ 9,310,320
    Southeastern Ohio Port Authority, Hosptial Facilities Revenue Bonds, Memorial Health System Obligated Group Project, Refunding and Improvement Series 2012:        
135   5.750%, 12/01/32   12/22 at 100.00 BB- 145,468
130   6.000%, 12/01/42   12/22 at 100.00 BB- 140,075
4,190   Springboro Community City School District, Warren County, Ohio, General Obligation Bonds, Refunding Series 2007, 5.250%, 12/01/26  –  AGM Insured   No Opt. Call Aa3 4,975,290
38


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Ohio (continued)        
$ 3,670   Tuscarawas County Economic Development and Finance Alliance, Ohio, Higher Education Facilities Revenue Bonds, Ashland University, Refunding & Improvement Series 2015, 6.000%, 3/01/45   3/25 at 100.00 N/R $ 3,731,509
363,620   Total Ohio       383,809,466
    Oklahoma – 0.4% (0.2% of Total Investments)        
    Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B:        
2,905   5.250%, 8/15/48   8/28 at 100.00 BB+ 3,271,785
1,380   5.500%, 8/15/52   8/28 at 100.00 BB+ 1,577,933
3,190   5.500%, 8/15/57   8/28 at 100.00 BB+ 3,633,251
4,000   Oklahoma Development Finance Authority, Revenue Bonds, Provident Oklahoma Education Resources Inc.- Cross Village Student Housing Project, Series 2017, 5.000%, 8/01/47   8/27 at 100.00 BB 3,942,160
1,125   Tulsa County Industrial Authority, Oklahoma, Senior Living Community Revenue Bonds, Montereau, Inc Project, Refunding Series 2017, 5.250%, 11/15/37   11/25 at 102.00 BBB- 1,245,769
12,600   Total Oklahoma       13,670,898
    Oregon – 1.0% (0.7% of Total Investments)        
    Clackamas Community College District, Oregon, General Obligation Bonds, Deferred Interest Series 2017A:        
760   0.000%, 6/15/38 (6)   6/27 at 100.00 Aa1 788,454
2,750   0.000%, 6/15/39 (6)   12/18 at 100.00 Aa1 2,848,532
    Columbia County School District 502 Saint Helens, Oregon, General Obligation Bonds, Series 2017:        
1,310   5.000%, 6/15/38   6/27 at 100.00 Aa1 1,503,867
1,705   5.000%, 6/15/39   6/27 at 100.00 Aa1 1,954,476
7,420   Oregon Facilities Authority, Revenue Bonds, Legacy Health Project, Refunding Series 2016A, 5.000%, 6/01/46   6/26 at 100.00 A1 8,235,235
    Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services, Refunding Series 2016A:        
6,240   5.000%, 10/01/35   10/26 at 100.00 BBB+ 6,899,381
2,260   5.000%, 10/01/46   10/26 at 100.00 BBB+ 2,455,332
8,890   Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Senior Lien Series 2013A, 5.000%, 11/15/38   11/23 at 100.00 Aa1 9,997,872
5,265   Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Hospital Project, Refunding Series 2016A, 5.000%, 5/15/46   5/26 at 100.00 A+ 5,791,395
36,600   Total Oregon       40,474,544
    Pennsylvania – 5.8% (3.6% of Total Investments)        
    Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of Pittsburgh Medical Center, Series 2009A:        
1,250   5.500%, 8/15/34   8/19 at 100.00 A+ 1,297,775
3,000   5.625%, 8/15/39   8/19 at 100.00 A+ 3,115,980
39


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Pennsylvania (continued)        
    Bethlehem Authority, Northampton and Lehigh Counties, Pennsylvania, Guaranteed Water Revenue Bonds, Series 1998:        
$ 3,125   0.000%, 5/15/22  –  AGM Insured   No Opt. Call A2 $2,835,937
3,125   0.000%, 5/15/23  –  AGM Insured   No Opt. Call A2 2,747,250
3,135   0.000%, 5/15/24  –  AGM Insured   No Opt. Call A2 2,664,531
3,155   0.000%, 5/15/26  –  AGM Insured   No Opt. Call A2 2,494,469
4,145   0.000%, 11/15/26  –  AGM Insured   No Opt. Call A2 3,217,598
2,800   0.000%, 5/15/28  –  AGM Insured   No Opt. Call A2 2,048,312
3,000   0.000%, 11/15/28  –  AGM Insured   No Opt. Call A2 2,153,310
1,200   Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical Center Project, Series 2018A, 5.000%, 11/15/42   11/27 at 100.00 A 1,339,584
    Chester County Health and Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Jefferson Health System, Series 2010A:        
1,835   5.000%, 5/15/40   5/20 at 100.00 AA 1,926,089
5,165   5.000%, 5/15/40 (Pre-refunded 5/15/20)   5/20 at 100.00 N/R (5) 5,473,815
895   Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018, 5.000%, 6/01/34   6/28 at 100.00 A 1,004,226
2,150   Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle Health System Project, Series 2012A, 5.000%, 6/01/42   6/22 at 100.00 A+ 2,314,110
190   Delaware County Industrial Development Authority, Pennsylvania, Resource Recovery Revenue Refunding Bonds, Series 1997A, 6.200%, 7/01/19   1/19 at 100.00 Ba1 190,523
26,595   Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Series 2017, 5.000%, 7/01/42   7/27 at 100.00 A 30,414,308
3,500   Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2010E, 5.000%, 1/01/40  –  AGM Insured   1/20 at 100.00 A2 3,651,585
1,050   Delaware Valley Regional Finance Authority, Pennsylvania, Local Government Revenue Bonds, Series 1997B, 5.700%, 7/01/27  –  AMBAC Insured   No Opt. Call A1 1,263,896
4,000   Erie Water Authority, Erie County, Pennsylvania, Water Revenue Bonds, Series 2011A, 4.625%, 12/01/44  –  AGM Insured   12/21 at 100.00 A2 4,127,440
2,900   Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, United Zion Retirement Community, Series 2017A, 5.000%, 12/01/47   6/27 at 100.00 N/R 2,953,708
    Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession, Capital Appreciation Series 2013B:        
4,480   0.000%, 12/01/31   No Opt. Call A 2,656,192
5,180   0.000%, 12/01/32   No Opt. Call A 2,928,306
9,270   Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession, Series 2013A, 5.125%, 12/01/47   12/23 at 100.00 A 10,218,970
5,410   Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2018A, 5.000%, 9/01/48   9/28 at 100.00 A2 6,016,407
5,000   Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45   1/25 at 100.00 BB+ 5,334,700
40


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Pennsylvania (continued)        
$ 3,210   Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS Retirement-Life Communities, Inc. Obligated Group, Series 2016, 5.000%, 11/15/36   11/26 at 100.00 A- $3,548,719
630   Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds, Northampton Generating Project, Senior Lien Series 2013A0 & AE2 (Cash 5.000%, PIK 5.000%), 5.000%, 12/01/23 (cash 5.000%, PIK 5.000%) (7)   10/18 at 100.00 N/R 189,062
115   Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds, Northampton Generating Project, Senior Lien Taxable Series 2013B (Cash 5.000%, PIK 5.000%), 5.000%, 12/31/23 (cash 5.000%, PIK 5.000%) (8)   10/18 at 100.00 N/R 34,402
1,700   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, AICUP Financing Program-Delaware Valley College of Science and Agriculture Project, Series 2012 LL1, 4.000%, 11/01/32   11/22 at 100.00 Ba1 1,528,130
    Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2010A1&2:        
1,250   5.500%, 12/01/34 (Pre-refunded 12/01/20)   12/20 at 100.00 N/R (5) 1,357,450
5,725   5.500%, 12/01/34 (Pre-refunded 12/01/20)   12/20 at 100.00 A2 (5) 6,217,121
    Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2011B:        
965   5.000%, 12/01/41   12/21 at 100.00 A2 1,036,487
1,035   5.000%, 12/01/41 (Pre-refunded 12/01/21)   12/21 at 100.00 N/R (5) 1,140,166
3,115   Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2013A, 5.000%, 12/01/36   12/22 at 100.00 A2 3,396,534
16,805   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009E, 6.375%, 12/01/38   12/27 at 100.00 A3 20,697,038
5,575   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015B, 5.000%, 12/01/45   12/25 at 100.00 A1 6,175,929
6,340   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2016A-1, 5.000%, 12/01/41   6/26 at 100.00 A1 7,045,769
19,250   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, 6.250%, 6/01/33  –  AGM Insured   6/26 at 100.00 A2 23,571,240
1,445   Philadelphia Authority for Industrial Development Senior Living Facilities, Pennsylvania, Revenue Bonds, Wesley Enhanced Living Obligated Group, Series 2017A, 5.000%, 7/01/37   7/27 at 100.00 BB 1,543,462
505   Philadelphia Hospitals and Higher Education Facilities Authoirty, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series 2012A, 5.625%, 7/01/42   7/22 at 100.00 Ba1 545,834
26,765   Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Jefferson Health System, Series 2010B, 5.000%, 5/15/40 (Pre-refunded 5/15/20)   5/20 at 100.00 N/R (5) 28,316,567
1,425   Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2011, 6.500%, 8/01/41 (Pre-refunded 8/01/20)   8/20 at 100.00 A- (5) 1,560,831
3,410   Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 1997A, 5.125%, 8/01/27  –  AMBAC Insured (ETM)   No Opt. Call A1 (5) 4,099,809
3,415   Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Sales Tax Revenue Bonds, Refunding Series 2010, 5.000%, 2/01/31  –  AGM Insured   8/20 at 100.00 A1 3,604,976
41


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Pennsylvania (continued)        
$ 1,125   Scranton, Pennsylvania, Sewer Authority Revenue Bonds, Series 2011A, 5.250%, 12/01/31 (Pre-refunded 12/01/21)  –  AGM Insured   12/21 at 100.00 AA (5) $1,248,356
1,930   Susquehanna Area Regional Airport Authority, Pennsylvania, Airport System Revenue Bonds, Series 2012B, 4.000%, 1/01/33   1/23 at 100.00 BB+ 1,943,163
211,290   Total Pennsylvania       223,190,066
    Puerto Rico – 0.6% (0.4% of Total Investments)        
625   Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2005SS, 5.000%, 7/01/25  –  NPFG Insured   10/18 at 100.00 D 627,319
1,000   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007VV, 5.250%, 7/01/24  –  NPFG Insured   No Opt. Call D 1,059,630
1,305   Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2005L, 5.250%, 7/01/23  –  NPFG Insured   No Opt. Call Baa2 1,377,362
1,000   Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%, 7/01/31  –  AMBAC Insured   No Opt. Call C 1,086,510
4,300   Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003, 4.500%, 12/01/23   10/18 at 100.00 A2 4,462,712
5,880   Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 2010C, 5.125%, 8/01/42  –  AGM Insured   8/20 at 100.00 D 6,135,604
51,225   Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%, 8/01/54  –  AMBAC Insured   No Opt. Call D 7,561,834
65,335   Total Puerto Rico       22,310,971
    Rhode Island – 0.7% (0.4% of Total Investments)        
1,315   Rhode Island Health and Educational Building Corporation, Hospital Financing Revenue Bonds, Lifespan Obligated Group, Refunding Series 2016, 5.000%, 5/15/39   5/26 at 100.00 BBB+ 1,421,344
174,390   Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 0.000%, 6/01/52   10/18 at 100.00 CCC+ 22,028,945
2,235   Rhode Island Turnpike and Bridge Authority, Motor Fuel Tax Revenue Bonds, Series 2016A, 5.000%, 10/01/40   4/26 at 100.00 A 2,487,130
177,940   Total Rhode Island       25,937,419
    South Carolina – 3.1% (2.0% of Total Investments)        
    Lexington County Health Services District, Inc., South Carolina, Hospital Revenue Bonds, Lexington Medical Center, Series 2016:        
1,290   5.000%, 11/01/41   5/26 at 100.00 A+ 1,397,470
6,820   5.000%, 11/01/46   5/26 at 100.00 BB+ 7,364,372
    Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2004A-2:        
26,955   0.000%, 1/01/31  –  AMBAC Insured   No Opt. Call A- 17,246,079
15,420   0.000%, 1/01/32  –  AMBAC Insured   No Opt. Call A- 9,429,947
6,000   South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, McLeod Health Projects, Refunding & Improvement Series 2018, 5.000%, 11/01/48   5/28 at 100.00 AA- 6,753,360
375   South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health, Refunding Series 2011A, 6.500%, 8/01/39 (Pre-refunded 8/01/21)  –  AGM Insured   8/21 at 100.00 AA (5) 425,377
42


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    South Carolina (continued)        
$ 10,000   South Carolina Public Service Authority Santee Cooper Revenue Obligations, Refunding Series 2016B, 5.000%, 12/01/56   12/26 at 100.00 A+ $10,738,700
7,850   South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2014C, 5.000%, 12/01/46   12/24 at 100.00 A+ 8,347,925
6,790   South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2013A, 5.125%, 12/01/43   12/23 at 100.00 A+ 7,216,684
    South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2014A:        
2,000   5.000%, 12/01/49   6/24 at 100.00 A+ 2,113,640
17,240   5.500%, 12/01/54   6/24 at 100.00 A+ 18,796,600
20,035   South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2015E, 5.250%, 12/01/55   12/25 at 100.00 A+ 21,690,893
4,800   South Carolina Transportation Infrastructure Bank, Revenue Bonds, Series 2010A, 5.250%, 10/01/40 (Pre-refunded 10/01/19)   10/19 at 100.00 A1 (5) 5,001,696
4,500   Spartanburg Regional Health Services District, Inc., South Carolina, Hosptial Refunding Revenue Bonds, Series 2012A, 5.000%, 4/15/32   4/22 at 100.00 A3 4,905,315
130,075   Total South Carolina       121,428,058
    South Dakota – 0.7% (0.5% of Total Investments)        
    Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project, Series 2017:        
3,000   5.000%, 11/01/42   11/26 at 100.00 BB 3,075,180
3,150   5.125%, 11/01/47   11/26 at 100.00 BB 3,242,610
8,800   South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health System, Series 2014, 5.000%, 7/01/44   7/24 at 100.00 A1 9,558,120
3,565   South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2014B, 5.000%, 11/01/44   11/24 at 100.00 A+ 3,883,426
8,260   South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2015, 5.000%, 11/01/45   11/25 at 100.00 A+ 9,063,202
26,775   Total South Dakota       28,822,538
    Tennessee – 1.2% (0.7% of Total Investments)        
10,670   Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45   1/23 at 100.00 BBB+ 11,409,218
770   Chattanooga-Hamilton County Hospital Authority, Tennessee, Hospital Revenue Bonds, Erlanger Health System, Refunding Series 2004, 5.000%, 10/01/22 (Pre-refunded 10/01/19)  –  AGM Insured   10/19 at 100.00 A2 (5) 799,691
2,180   Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Ballad Health, Series 2018A, 5.000%, 7/01/35   7/28 at 100.00 A 2,463,575
2,065   Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Mountain States Health Alliance, Series 2012A, 5.000%, 8/15/42   8/22 at 100.00 Baa1 2,180,619
95   Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Refunding and Improvement Bonds, Johnson City Medical Center, Series 1998C, 5.125%, 7/01/25 (Pre-refunded 7/01/23)  –  NPFG Insured   7/23 at 100.00 Baa1 (5) 95,277
43


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tennessee (continued)        
    Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds, University Health System, Inc., Series 2016:        
$ 5,000   5.000%, 9/01/36   9/26 at 100.00 BBB $5,501,600
1,000   5.000%, 9/01/47   9/26 at 100.00 BBB+ 1,082,790
    Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds, University Health System, Inc., Series 2017:        
445   5.000%, 4/01/31   4/27 at 100.00 BBB 490,648
1,745   5.000%, 4/01/36   4/27 at 100.00 BBB 1,892,906
    Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Lipscomb University, Refunding & Improvement Series 2016A:        
1,160   5.000%, 10/01/41   10/26 at 100.00 BBB 1,250,944
2,055   5.000%, 10/01/45   10/26 at 100.00 BBB 2,210,153
11,000   Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A, 5.000%, 7/01/46   7/26 at 100.00 A3 12,083,830
4,120   Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Refunding and Improvement Bonds, Meharry Medical College, Series 1996, 6.000%, 12/01/19  –  AMBAC Insured   12/18 at 100.00 N/R 4,216,861
42,305   Total Tennessee       45,678,112
    Texas – 13.0% (8.2% of Total Investments)        
18,000   Arlington, Texas, Special Tax Revenue Bonds, Senior Lien Series 2018A, 5.000%, 2/15/48  –  AGM Insured   2/28 at 100.00 A1 20,297,340
14,615   Austin, Texas, Electric Utility System Revenue Bonds, Refunding Series 2015A, 5.000%, 11/15/45 (UB) (4)   11/25 at 100.00 Aa3 16,402,853
3,035   Bexar County, Texas, Venue Project Revenue Bonds, Refunding Combined Venue Tax Series 2010, 5.500%, 8/15/49  –  AGM Insured   8/19 at 100.00 A- 3,144,321
9,790   Bryan, Brazos County, Texas, Electric System Revenue Bonds, Refunding & Improvement Series 2016, 4.000%, 7/01/41   7/26 at 100.00 A+ 9,989,618
2,500   Capital Area Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, The Roman Catholic Diocese of Austin, Series 2005B. Remarketed, 6.125%, 4/01/45   4/20 at 100.00 Baa1 2,641,650
1,000   Cedar Hill Independent School District, Dallas County, Texas, General Obligation Bonds, Refunding Series 2002, 0.000%, 8/15/32  –  FGIC Insured   No Opt. Call Baa2 611,080
1,330   Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien Series 2013A, 5.000%, 1/01/43   1/23 at 100.00 BBB+ 1,428,912
    Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011:        
2,080   5.750%, 1/01/31 (Pre-refunded 1/01/21)   1/21 at 100.00 Baa2 (5) 2,268,032
1,000   6.000%, 1/01/41 (Pre-refunded 1/01/21)   1/21 at 100.00 Baa2 (5) 1,096,270
6,940   6.250%, 1/01/46 (Pre-refunded 1/01/21)   1/21 at 100.00 Baa2 (5) 7,648,852
7,750   Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A, 5.000%, 1/01/45   7/25 at 100.00 Baa2 8,433,395
44


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
    Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education Charter School, Series 2013A:        
$ 1,925   4.350%, 12/01/42   12/22 at 100.00 BBB- $1,942,306
1,000   4.400%, 12/01/47   12/22 at 100.00 BBB- 1,008,980
2,500   Comal Independent School District, Comal, Bexar, Guadalupe, Hays, and Kendall Counties, Texas, General Obligation Bonds, Series 2005A, 0.000%, 2/01/23   No Opt. Call Aaa 2,263,700
6,340   Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding and Improvement Bonds, Series 2012C, 5.000%, 11/01/45  –  AGM Insured   11/21 at 100.00 A+ 6,808,589
160   Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series 2014A, 5.250%, 9/01/44   9/24 at 100.00 BBB- 171,408
3,700   El Paso Independent School District, El Paso County, Texas, General Obligation Bonds, School Building Series 2017, 5.000%, 8/15/42   8/26 at 100.00 Aaa 4,179,779
1,500   El Paso, Texas, Airport Revenue Bonds, El Paso International Airport Series 2011, 5.250%, 8/15/33   8/20 at 100.00 A 1,594,305
    Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien Series 2013B:        
15,000   5.000%, 4/01/53 (UB)   10/23 at 100.00 AA 16,432,200
16,920   5.000%, 4/01/53   10/23 at 100.00 AA+ 18,535,522
5,295   Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien Series 2018A. Tela Supported, 5.000%, 10/01/48   4/28 at 100.00 AA 6,039,106
6,610   Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Tender Option Bond Trust 2015-XF0228, 15.158%, 11/01/44, 144A (IF)   10/23 at 100.00 AA 9,135,152
    Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Houston Methodist Hospital System, Series 2015:        
2,845   4.000%, 12/01/45   6/25 at 100.00 AA 2,871,999
2,320   5.000%, 12/01/45   6/25 at 100.00 AA 2,560,816
    Harris County, Texas, Toll Road Revenue Bonds, Refunding Senior Lien Series 2018A:        
13,890   5.000%, 8/15/43   2/28 at 100.00 Aa2 15,906,133
7,000   4.000%, 8/15/48   2/28 at 100.00 Aa2 7,178,710
4,040   Harris County, Texas, Toll Road Revenue Bonds, Subordinate Lien Unlimited Tax, Tender Option Bond Trust 2015-XF2184, 12.676%, 8/15/28  –  AGM Insured, 144A (IF) (4)   No Opt. Call AAA 6,846,628
    Harris County-Houston Sports Authority, Texas, Revenue Bonds, Capital Appreciation Refunding Senior Lien Series 2014A:        
1,195   0.000%, 11/15/41  –  AGM Insured   11/31 at 62.66 A2 434,968
2,390   0.000%, 11/15/42  –  AGM Insured   11/31 at 59.73 A2 827,155
2,660   0.000%, 11/15/43  –  AGM Insured   11/31 at 56.93 A2 875,167
7,260   0.000%, 11/15/44  –  AGM Insured   11/31 at 54.25 A2 2,270,275
10,440   0.000%, 11/15/45  –  AGM Insured   11/31 at 51.48 A2 3,089,614
7,165   0.000%, 11/15/49  –  AGM Insured   11/31 at 41.91 A2 1,717,451
3,000   0.000%, 11/15/52  –  AGM Insured   11/31 at 35.81 A2 612,090
3,885   Houston Independent School District Public Facility Corporation, Harris County, Texas, Lease Revenue Bonds, Cesar E. Chavez High School, Series 1998A, 0.000%, 9/15/19  –  AMBAC Insured   No Opt. Call AA 3,813,361
45


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
    Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018B:        
$ 2,000   5.000%, 7/01/43   7/28 at 100.00 A1 $2,287,260
2,710   5.000%, 7/01/48   7/28 at 100.00 A1 3,086,934
4,550   Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2012B, 5.000%, 7/01/31   7/22 at 100.00 A 4,980,430
990   Houston, Texas, Airport System Revenue Bonds, Subordinate Lien Series 2000B, 5.450%, 7/01/24  –  AGM Insured   No Opt. Call A 1,140,173
2,000   Houston, Texas, First Lien Combined Utility System Revenue Bonds, Refunding Series 2011A, 5.250%, 11/15/30   11/20 at 100.00 AA 2,153,340
6,000   Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2011D, 5.000%, 11/15/40   11/21 at 100.00 AA 6,493,860
    Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Project, Series 2001B:        
1,495   0.000%, 9/01/23  –  AMBAC Insured   No Opt. Call A2 1,320,369
10,850   0.000%, 9/01/25  –  AMBAC Insured   No Opt. Call A- 8,781,339
1,715   0.000%, 9/01/32  –  AMBAC Insured   No Opt. Call A2 988,715
2,870   Hutto Independent School District, Williamson County, Texas, General Obligation Bonds, Refunding Series 2012A, 5.000%, 8/01/46   8/21 at 100.00 A+ 3,072,507
2,340   Laredo, Webb County, Texas, Waterworks and Sewer System Revenue Bonds, Series 2011, 5.000%, 3/01/41  –  AGM Insured   3/21 at 100.00 Aa3 2,499,799
    Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation Bonds, Refunding Series 2015A:        
2,725   5.000%, 8/15/40   8/25 at 100.00 AAA 3,057,341
4,000   4.000%, 8/15/41   8/25 at 100.00 AAA 4,169,400
3,000   Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company, Series 2010, 5.250%, 11/01/40   11/20 at 100.00 BBB+ 3,183,150
8,305   Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2015, 5.000%, 5/15/45   5/25 at 100.00 A 9,140,815
    McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013:        
1,780   5.750%, 12/01/33   12/25 at 100.00 B1 1,870,994
1,800   6.125%, 12/01/38   12/25 at 100.00 B1 1,904,760
    Midtown Redevelopment Authority, Texas, Tax Increment Contract Revenue, Refunding Series 2017:        
16,285   5.000%, 1/01/36   1/27 at 100.00 A3 17,902,100
10,040   5.000%, 1/01/38  –  AGM Insured   1/27 at 100.00 A2 11,098,316
    Montgomery County Toll Road Authority, Texas, Toll Road Revenue Bonds, Senior Lien Series 2018:        
2,100   5.000%, 9/15/43   9/25 at 100.00 BBB- 2,278,983
1,815   5.000%, 9/15/48   9/25 at 100.00 BBB- 1,963,776
850   New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Methodist Retirement Communites Crestview Project, Series 2016, 5.000%, 11/15/31   11/24 at 102.00 BB+ 902,003
46


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
$ 4,290   North Fort Bend Water Authority, Texas, Water System Revenue Bonds, Series 2011, 5.000%, 12/15/36  –  AGM Insured   12/21 at 100.00 A2 $4,644,483
    North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible Capital Appreciation Series 2011C:        
1,880   0.000%, 9/01/43 (Pre-refunded 9/01/31) (6)   9/31 at 100.00 N/R (5) 2,053,975
7,990   0.000%, 9/01/45 (Pre-refunded 9/01/31) (6)   9/31 at 100.00 N/R (5) 9,554,042
4,000   North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital Appreciation Series 2008I, 6.500%, 1/01/43   1/25 at 100.00 A 4,831,960
2,125   North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008D, 0.000%, 1/01/28  –  AGC Insured   No Opt. Call A1 1,581,893
    North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B:        
10,260   5.000%, 1/01/40   1/23 at 100.00 A 11,177,449
12,205   5.000%, 1/01/45   1/25 at 100.00 A 13,454,548
    North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2015A:        
6,285   5.000%, 1/01/33   1/25 at 100.00 A- 7,044,417
4,000   5.000%, 1/01/34   1/25 at 100.00 A- 4,468,480
4,000   5.000%, 1/01/35   1/25 at 100.00 A- 4,458,560
2,250   Red River Education Finance Corporation, Texas, Higher Education Revenue Bonds, Saint Edward's University Project, Series 2016, 4.000%, 6/01/36   6/26 at 100.00 Baa2 2,247,053
1,000   Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Electric Company, Series 2001C, 5.200%, 5/01/28 (7)   11/18 at 100.00 N/R 10
3,170   Southwest Higher Education Authority Inc, Texas, Revenue Bonds, Southern Methodist University, Series 2010, 5.000%, 10/01/41 (Pre-refunded 10/01/20)   10/20 at 100.00 AA- (5) 3,391,963
2,410   Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Baylor Health Care System, Series 2011A, 5.000%, 11/15/30   11/21 at 100.00 AA- 2,602,029
3,480   Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Hendrick Medical Center, Refunding Series 2013, 5.500%, 9/01/43   9/23 at 100.00 A 3,794,522
    Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott & White Healthcare Project, Series 2010:        
430   5.500%, 8/15/45 (Pre-refunded 8/15/20)   8/20 at 100.00 N/R (5) 462,293
5,350   5.500%, 8/15/45 (Pre-refunded 8/15/20)   8/20 at 100.00 AA- (5) 5,762,966
4,000   Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott & White Healthcare Project, Series 2013A, 5.000%, 8/15/43   8/23 at 100.00 AA- 4,361,520
2,500   Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Texas Health Resources System, Series 2016A, 5.000%, 2/15/41   8/26 at 100.00 AA 2,795,950
    Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series 2012:        
14,815   5.000%, 12/15/27   12/22 at 100.00 BBB 16,152,646
7,925   5.000%, 12/15/28   12/22 at 100.00 BBB 8,613,286
6,550   5.000%, 12/15/30   12/22 at 100.00 BBB 7,088,082
2,340   5.000%, 12/15/32   12/22 at 100.00 BBB 2,524,275
47


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
$ 2,500   Texas State, General Obligation Bonds, Transportation Commission Highway Improvement Series 2012A, 5.000%, 4/01/31   4/22 at 100.00 AAA $2,738,575
17,760   Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First Tier Refunding Series 2012A, 5.000%, 8/15/41   8/22 at 100.00 A- 19,065,538
7,345   Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First Tier Refunding Series 2015B, 5.000%, 8/15/37   8/24 at 100.00 A- 8,107,778
    Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second Tier Refunding Series 2015C:        
3,650   5.000%, 8/15/33   8/24 at 100.00 BBB+ 3,982,880
1,600   5.000%, 8/15/37   8/24 at 100.00 BBB 1,734,080
48,905   5.000%, 8/15/42   8/24 at 100.00 BBB 52,781,699
4,000   Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series 2002A, 0.000%, 8/15/25  –  AMBAC Insured   No Opt. Call A- 3,284,640
4,000   Wylie Independent School District, Collin County, Texas, General Obligation Bonds, School Building Series 2010, 0.000%, 8/15/32   8/20 at 53.57 AAA 2,056,000
490,315   Total Texas       502,171,693
    Utah – 0.8% (0.5% of Total Investments)        
5,760   Central Weber Sewer Improvement District, Utah, Sewer Revenue Bonds, Refunding Series 2010A, 5.000%, 3/01/33 (Pre-refunded 3/01/20)  –  AGC Insured   3/20 at 100.00 AA (5) 6,062,515
12,335   Riverton, Utah, Hospital Revenue Bonds, IHC Health Services, Inc., Series 2009, 5.000%, 8/15/41 (Pre-refunded 8/15/19)   8/19 at 100.00 AA+ (5) 12,773,263
    Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017B:        
3,560   5.000%, 7/01/42   7/27 at 100.00 A+ 4,062,352
1,975   5.000%, 7/01/47   7/27 at 100.00 A2 2,245,476
    Utah Charter School Finance Authority, Charter School Revenue Bonds, Utah Charter Academies Project, Series 2018:        
1,000   5.000%, 10/15/38   10/27 at 100.00 AA 1,118,770
2,320   5.000%, 10/15/43   10/27 at 100.00 AA 2,583,946
1,200   5.000%, 10/15/48   10/27 at 100.00 AA 1,331,544
28,150   Total Utah       30,177,866
    Vermont – 0.3% (0.2% of Total Investments)        
    University of Vermont and State Agricultural College, Revenue Bonds, Refunding Series 2015:        
1,000   4.000%, 10/01/40   10/25 at 100.00 A+ 1,027,570
10,000   5.000%, 10/01/45   10/25 at 100.00 A+ 11,164,200
11,000   Total Vermont       12,191,770
    Virginia – 2.3% (1.4% of Total Investments)        
430   Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital Appreciation Series 2012B, 0.000%, 7/15/40 (6)   7/28 at 100.00 BBB 370,381
4,000   Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova Health System, Series 2018A, 4.000%, 5/15/48 (UB) (WI/DD, Settling 8/02/18)   5/28 at 100.00 Aa2 4,091,000
48


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Virginia (continued)        
$ 1,800   Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health System Obligated Group, Series 2013, 5.000%, 11/01/30   11/22 at 100.00 A $1,990,908
11,960   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 BBB+ 12,660,019
7,000   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B, 0.000%, 10/01/36  –  AGC Insured   No Opt. Call A3 3,349,220
32,000   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009C, 6.500%, 10/01/41  –  AGC Insured   10/26 at 100.00 A3 40,292,800
18,000   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 0.000%, 10/01/44 (6)   10/28 at 100.00 BBB+ 22,784,940
2,000   Prince William County Industrial Development Authority, Virginia, Health Care Facilities Revenue Bonds, Novant Health Obligated Group-Prince William Hospital, Refunding Series 2013B, 4.000%, 11/01/33   11/22 at 100.00 A+ 2,077,500
    Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health System Obligated Group, Series 2005B:        
5   5.000%, 7/01/38 (Pre-refunded 7/01/20)   7/20 at 100.00 A1 (5) 5,312
245   5.000%, 7/01/38   7/20 at 100.00 A1 256,419
77,440   Total Virginia       87,878,499
    Washington – 3.2% (2.0% of Total Investments)        
7,000   Central Puget Sound Regional Transit Authority, Washington, Sales Tax and Motor Vehicle Excise Tax Bonds, Green Series 2016S-1, 5.000%, 11/01/41   11/26 at 100.00 Aa1 8,004,850
12,235   Chelan County Public Utility District 1, Washington, Columbia River-Rock Island Hydro-Electric System Revenue Refunding Bonds, Series 1997A, 0.000%, 6/01/26  –  NPFG Insured   No Opt. Call Aa3 9,697,828
4,200   King County Public Hospital District 1, Washington, Limited Tax General Obligation Bonds, Refunding Series 2016, 5.000%, 12/01/36   12/26 at 100.00 A- 4,706,436
15,000   King County, Washington, Sewer Revenue Bonds, Refunding Series 2012, 5.000%, 1/01/52   1/22 at 100.00 AA+ 16,178,700
2,500   King County, Washington, Sewer Revenue Bonds, Series 2009, 5.250%, 1/01/42 (Pre-refunded 1/01/19)   1/19 at 100.00 AA+ (5) 2,539,950
3,000   Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015A, 5.000%, 4/01/40   10/24 at 100.00 A+ 3,333,450
1,250   Seattle Housing Authority, Washington, Pooled Housing Revenue Bonds, Refunding Series 2014, 5.000%, 12/01/44   12/23 at 100.00 AA 1,353,037
12,515   Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue Bonds, Series 2013A, 5.000%, 12/01/38   6/23 at 100.00 A+ 13,738,592
8,310   Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2011A, 5.625%, 1/01/35   1/21 at 100.00 A3 8,854,056
4,415   Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center, Series 2010, 5.500%, 12/01/39 (Pre-refunded 12/01/20)   12/20 at 100.00 N/R (5) 4,789,260
49


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Washington (continued)        
    Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services, Refunding Series 2012A:        
$ 4,000   5.000%, 10/01/32   10/22 at 100.00 AA- $4,421,360
10,000   4.250%, 10/01/40   10/22 at 100.00 AA- 10,338,800
3,135   Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children's Hospital, Refunding Series 2012B, 5.000%, 10/01/30   10/22 at 100.00 Aa2 3,457,372
8,230   Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children's Hospital, Series 2012A, 5.000%, 10/01/42   10/22 at 100.00 Aa2 8,980,658
7,000   Washington State Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2009A, 6.000%, 1/01/33 (Pre-refunded 7/01/19)   7/19 at 100.00 A3 (5) 7,276,920
500   Washington State Housing Finance Commission, Non-profit Housing Revenue Bonds, Presbyterian Retirement Communities Northwest Proejct, Refunding Series 2016A, 5.000%, 1/01/46   1/25 at 102.00 BB+ 532,100
9,000   Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2003C, 0.000%, 6/01/28  –  FGIC Insured   No Opt. Call AA+ 6,755,220
10,855   Washington, General Obligation Bonds, Series 2000S-5, 0.000%, 1/01/20  –  FGIC Insured   No Opt. Call AA+ 10,598,279
123,145   Total Washington       125,556,868
    West Virginia – 1.0% (0.6% of Total Investments)        
    West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health System Obligated Group, Refunding & Improvement Series 2013A:        
3,000   5.375%, 6/01/38   6/23 at 100.00 A 3,296,820
16,845   5.500%, 6/01/44   6/23 at 100.00 A 18,518,045
9,000   West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health System Obligated Group, Series 2018A, 5.000%, 6/01/52   6/28 at 100.00 A 9,940,770
3,500   West Virginia Hospital Finance Authority, Revenue Bonds, West Virginia University Health System Obligated Group, Improvement Series 2017A, 5.000%, 6/01/42   6/27 at 100.00 A 3,867,675
3,000   West Virginia State Building Commission, Lease Revenue Refunding Bonds, Regional Jail and Corrections Facility, Series 1998A, 5.375%, 7/01/21  –  AMBAC Insured   No Opt. Call N/R 3,252,300
35,345   Total West Virginia       38,875,610
50


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Wisconsin – 3.4% (2.2% of Total Investments)        
    Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds, Lombard Public Facilities Corporation, Second Tier Series 2018B:        
$ 43   0.000%, 1/01/46  –  ACA Insured ,144A   No Opt. Call N/R $1,341
42   0.000%, 1/01/47  –  ACA Insured ,144A   No Opt. Call N/R 1,319
42   0.000%, 1/01/48  –  ACA Insured ,144A   No Opt. Call N/R 1,308
42   0.000%, 1/01/49  –  ACA Insured ,144A   No Opt. Call N/R 1,296
41   0.000%, 1/01/50  –  ACA Insured ,144A   No Opt. Call N/R 1,275
45   0.000%, 1/01/51  –  ACA Insured ,144A   No Opt. Call N/R 1,395
1,176   3.750%, 7/01/51  –  ACA Insured ,144A   3/28 at 100.00 N/R 1,142,577
45   0.000%, 1/01/52  –  ACA Insured ,144A   No Opt. Call N/R 1,384
44   0.000%, 1/01/53  –  ACA Insured ,144A   No Opt. Call N/R 1,363
44   0.000%, 1/01/54  –  ACA Insured ,144A   No Opt. Call N/R 1,352
43   0.000%, 1/01/55  –  ACA Insured ,144A   No Opt. Call N/R 1,332
43   0.000%, 1/01/56  –  ACA Insured ,144A   No Opt. Call N/R 1,311
42   0.000%, 1/01/57  –  ACA Insured ,144A   No Opt. Call N/R 1,301
42   0.000%, 1/01/58  –  ACA Insured ,144A   No Opt. Call N/R 1,281
42   0.000%, 1/01/59  –  ACA Insured ,144A   No Opt. Call N/R 1,270
41   0.000%, 1/01/60  –  ACA Insured ,144A   No Opt. Call N/R 1,260
41   0.000%, 1/01/61  –  ACA Insured ,144A   No Opt. Call N/R 1,240
40   0.000%, 1/01/62  –  ACA Insured ,144A   No Opt. Call N/R 1,229
40   0.000%, 1/01/63  –  ACA Insured ,144A   No Opt. Call N/R 1,210
39   0.000%, 1/01/64  –  ACA Insured ,144A   No Opt. Call N/R 1,199
39   0.000%, 1/01/65  –  ACA Insured ,144A   No Opt. Call N/R 1,189
39   0.000%, 1/01/66  –  ACA Insured ,144A   No Opt. Call N/R 1,170
501   0.000%, 1/01/67  –  ACA Insured ,144A   No Opt. Call N/R 15,219
    Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman Charter School, Series 2018A:        
6,000   5.000%, 6/15/38 ,144A   6/26 at 100.00 BBB- 6,418,080
2,335   5.000%, 6/15/48 ,144A   6/26 at 100.00 BBB- 2,479,863
4,100   University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Refunding Series 2013A, 5.000%, 4/01/38   4/23 at 100.00 AA- 4,472,895
5,140   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ascension Health Alliance Senior Credit Group, Series 2016A, 4.000%, 11/15/34   5/26 at 100.00 Aa2 5,302,989
1,240   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc., Series 2010A, 5.625%, 4/15/39   4/20 at 100.00 Aa3 1,310,333
6,775   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc., Series 2012A, 5.000%, 7/15/25   7/21 at 100.00 Aa3 7,322,488
2,500   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc., Series 2013A, 5.125%, 4/15/31   4/23 at 100.00 Aa3 2,707,325
51


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Wisconsin (continued)        
    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Franciscan Sisters of Christian Charity Sponsored Ministry, Series 2017A:        
$ 1,000   5.000%, 9/01/30   9/27 at 100.00 BBB+ $1,110,050
1,110   5.000%, 9/01/31   9/27 at 100.00 BBB+ 1,228,526
1,100   5.000%, 9/01/32   9/27 at 100.00 BBB+ 1,212,079
1,725   5.000%, 9/01/33   9/27 at 100.00 BBB+ 1,890,997
1,775   5.000%, 9/01/34   9/27 at 100.00 BBB+ 1,940,075
1,910   5.000%, 9/01/35   9/27 at 100.00 BBB+ 2,083,046
2,065   5.000%, 9/01/36   9/27 at 100.00 BBB+ 2,245,460
1,015   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert Health Inc. Obligated Group, Series 2012A, 5.000%, 4/01/42   10/22 at 100.00 AA- 1,088,110
13,475   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic Health System, Inc., Series 2017C, 5.000%, 2/15/47   2/27 at 100.00 A- 14,633,985
    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2012B:        
1,000   5.000%, 2/15/27   2/22 at 100.00 A- 1,074,960
1,000   5.000%, 2/15/28   2/22 at 100.00 A- 1,073,920
4,735   5.000%, 2/15/40   2/22 at 100.00 A- 5,035,672
    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2016A:        
6,375   5.000%, 2/15/42   2/26 at 100.00 A- 6,946,264
6,500   5.000%, 2/15/46   2/26 at 100.00 A- 7,064,590
2,000   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2016B, 5.000%, 2/15/35   2/26 at 100.00 A- 2,193,020
5,000   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Medical College of Wisconsin, Inc., Series 2016, 5.000%, 12/01/41   11/26 at 100.00 AA- 5,578,500
7,625   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc., Series 2012, 5.000%, 6/01/39   6/22 at 100.00 A3 8,090,354
1,420   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Meriter Hospital Inc., Series 1992A, 6.000%, 12/01/22  –  FGIC Insured   No Opt. Call A1 1,505,186
2,650   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health Care, Inc., Refunding 2012C, 5.000%, 8/15/32 (Pre-refunded 8/15/22)   8/22 at 100.00 N/R (5) 2,946,959
    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Saint John's Communities Inc., Series 2018A:        
1,500   5.000%, 9/15/45   9/23 at 100.00 BBB- 1,570,875
5,455   5.000%, 9/15/50   9/23 at 100.00 BBB- 5,699,875
1,000   Wisconsin Health and Educational Facilities Authority, Revenues Bonds, Gundersen Lutheran, Series 2011A, 5.250%, 10/15/39   10/21 at 100.00 A1 1,075,460
    Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Benevolent Corporation Cedar Community, Series 2017:        
1,110   5.000%, 6/01/37   6/25 at 103.00 N/R 1,161,715
955   5.000%, 6/01/41   6/25 at 103.00 N/R 996,399
52


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Wisconsin (continued)        
$ 10,230   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ThedaCare Inc, Series 2015, 5.000%, 12/15/44   12/24 at 100.00 A1 $10,978,120
    Wisconsin State, General Fund Annual Appropriation Revenue Bonds, Refunding Series 2009A:        
955   5.750%, 5/01/33 (Pre-refunded 5/01/19)   5/19 at 100.00 N/R (5) 985,675
9,115   5.750%, 5/01/33 (Pre-refunded 5/01/19)   5/19 at 100.00 AA- (5) 9,407,774
124,446   Total Wisconsin       132,016,440
    Wyoming – 0.4% (0.3% of Total Investments)        
4,080   Campbell County, Wyoming Solid Waste Facilities Revenue Bonds, Basin Electric Power Cooperative - Dry Fork Station Facilities, Series 2009A, 5.750%, 7/15/39   7/19 at 100.00 A 4,229,165
9,625   Sweetwater County, Wyoming, Hospital Revenue Bonds, Memorial Hospital Project, Refunding Series 2013A, 5.000%, 9/01/37   9/23 at 100.00 BB+ 9,898,253
    Teton County Hospital District, Wyoming, Hospital Revenue Bonds, St. John's Medical Center Project, Series 2011B:        
2,000   5.500%, 12/01/27   12/21 at 100.00 A- 2,136,960
1,000   6.000%, 12/01/36   12/21 at 100.00 A- 1,084,450
16,705   Total Wyoming       17,348,828
$ 6,362,696   Total Municipal Bonds (cost $5,720,885,293)       6,133,996,031
    
Principal Amount (000)   Description (1) Coupon Maturity Ratings (3) Value
    CORPORATE BONDS – 0.0% (0.0% of Total Investments)        
    Transportation – 0.0% (0.0% of Total Investments)        
$ 1,074   Las Vegas Monorail Company, Senior Interest Bonds (9), (10) 5.500% 7/15/19 N/R $692,462
299   Las Vegas Monorail Company, Senior Interest Bonds (9), (10) 5.500% 7/15/55 N/R 150,852
$ 1,373   Total Corporate Bonds (cost $75,387)       843,314
    Total Long-Term Investments (cost $5,720,960,680)       6,134,839,345
    Floating Rate Obligations – (2.6)%       (100,410,000)
    MuniFund Term Preferred Shares, net of deferred offering costs – (24.7)% (11)       (957,135,105)
    Variable Rate Demand Preferred Shares, net of deferred offering costs – (33.2)% (12)       (1,282,730,087)
    Other Assets Less Liabilities – 1.9%       73,920,090
    Net Assets Applicable to Common Shares – 100%       $ 3,868,484,243
Fair Value Measurements
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.
53


NEA Nuveen AMT-Free Quality Municipal Income Fund (continued)
  Portfolio of Investments July 31, 2018
  (Unaudited)
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, 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 $ — $6,133,996,031 $  — $6,133,996,031
Corporate Bonds  —  — 843,314 843,314
Total $ — $6,133,996,031 $843,314 $6,134,839,345
Income Tax Information
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
The table below presents the cost and unrealized appreciation (depreciation) of the Fund's investment portfolio, as determined on a federal income tax basis, as of July 31, 2018.
Tax cost of investments $5,616,334,535
Gross unrealized:  
Appreciation $ 425,725,534
Depreciation (7,631,383)
Net unrealized appreciation (depreciation) of investments $ 418,094,151
54


(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) The ratings disclosed are the lowest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. 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) 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.  
(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) As of, or subsequent to, the end of the reporting period, this security is non-income producing. Non-income producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations and has ceased accruing additional income on the Fund’s records.  
(8) On July 1, 2017, the Fund's Adviser determined it was unlikely that this borrower would fulfill its entire obligation on this security, and therefore reduced the security's interest rate of accrual from 5.000% to 2.000%.  
(9) During January 2010, Las Vegas Monorail Company (“Las Vegas Monorail”) filed for federal bankruptcy protection. During March 2012, Las Vegas Monorail emerged from federal bankruptcy with the acceptance of a reorganization plan assigned by the Federal Bankruptcy Court. Under the reorganization plan, the Fund surrendered its Las Vegas Monorail Project Revenue Bonds, First Tier, Series 2000 and in turn received two senior interest corporate bonds: the first with an annual coupon rate of 5.500% maturing on July 15, 2019 and the second with an annual coupon rate of 3.000% (5.500% after December 31, 2015) maturing on July 15, 2055. The Fund was not accruing income for either senior interest corporate bond. On January 18, 2017, the Fund's Adviser determined it was likely that this senior interest corporate bond would fulfill its obligation on the security maturing on July 15, 2019, and therefore began accruing income on the Fund's records.  
(10) Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3.  
(11) MuniFund Term Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 15.6%.  
(12) Variable Rate Demand Preferred Shares, net of deferred offering costs as a percentage of Total Investments is 20.9%.  
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.  
ETM Escrowed to maturity.  
IF Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.  
PIK Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period.  
UB Underlying bond of an inverse floating rate trust reflected as a financing transaction.  
WI/DD Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.  
55


Item 2. Controls and Procedures.

 

  a.

The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).

 

  b.

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)    Nuveen AMT-Free Quality Municipal Income Fund   
By (Signature and Title)    /s/ Gifford R. Zimmerman                                                       
   Gifford R. Zimmerman   
   Vice President and Secretary   

Date: September 28, 2018                

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)    /s/ Cedric H. Antosiewicz                                                      
  

Cedric H. Antosiewicz

  
  

Chief Administrative Officer (principal executive officer)

  

Date: September 28, 2018

     

By (Signature and Title)

  

/s/ Stephen D. Foy                                                 

  
  

Stephen D. Foy

  
  

Vice President and Controller (principal financial officer)

  

Date: September 28, 2018