1
Nuveen
Arizona
Quality
Municipal
Income
Fund
Portfolio
of
Investments
November
30,
2023
(Unaudited)
NAZ
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
LONG-TERM
INVESTMENTS
-
159.8% (100.0%
of
Total
Investments)  
X
228,949,326
MUNICIPAL
BONDS
-
159.8%  (100.0%
of
Total
Investments)
X
228,949,326
Education
and
Civic
Organizations
-
33.8%
(21.1%
of
Total
Investments)
$
2,175
Arizona
Board
of
Regents,
Arizona
State
University
System
Revenue
Bonds,
Green
Series
2016B,
5.000%,
7/01/47
7/26
at
100.00
$
2,231,721
1,500
Arizona
Board
of
Regents,
Arizona
State
University
System
Revenue
Bonds,
Refunding
Green
Series
2015A,
5.000%,
7/01/41
7/25
at
100.00
1,528,538
1,500
Arizona
Board
of
Regents,
Arizona
State
University
System
Revenue
Bonds,
Series
2015D,
5.000%,
7/01/41
7/25
at
100.00
1,528,538
2,030
Arizona
Board
of
Regents,
Arizona
State
University
System
Revenue
Bonds,
Series
2020B,
4.000%,
7/01/47
7/30
at
100.00
2,009,546
2,515
Arizona
Board
of
Regents,
University
of
Arizona,
SPEED
Revenue
Bonds,
Stimulus
Plan
for
Economic
and
Educational
Development,
Series
2014,
5.000%,
8/01/44
8/24
at
100.00
2,529,524
1,000
Arizona
Board
of
Regents,
University
of
Arizona,
System
Revenue
Bonds,
Refunding
Series
2021A,
5.000%,
6/01/42
6/31
at
100.00
1,091,787
515
Arizona
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Basis
Schools,
Inc.
Projects,
Series
2017A,
5.125%,
7/01/37,
144A
7/26
at
100.00
506,333
525
Arizona
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Basis
Schools,
Inc.
Projects,
Series
2017C,
5.000%,
7/01/47
7/27
at
100.00
530,756
250
Arizona
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Basis
Schools,
Inc.
Projects,
Series
2017D,
5.000%,
7/01/47,
144A
7/27
at
100.00
225,056
Arizona
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Basis
Schools,
Inc.
Projects,
Series
2017F:
1,700
5.000%,
7/01/37
7/27
at
100.00
1,750,735
1,645
5.000%,
7/01/47
7/27
at
100.00
1,663,036
380
Arizona
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Basis
Schools,
Inc.
Projects,
Series
2017G,
5.000%,
7/01/47,
144A
7/27
at
100.00
342,085
240
Arizona
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Montessori
Academy
Projects,
Refunding
Series
2017A,
6.250%,
11/01/50,
144A
11/27
at
100.00
194,956
420
Arizona
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Somerset
Academy
of
Las
Vegas
Aliante
and
Skye
Canyon
Campus
Projects,
Series
2021A,
4.000%,
12/15/41,
144A
12/29
at
100.00
337,352
375
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,  Arizona
Agribusiness
and
Equine
Center,
Inc.
Project,
Series
2017B,
5.000%,
3/01/48,
144A
9/27
at
100.00
326,944
190
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Academies
of
Math
&
Science
Projects,
Series
2017B,
4.250%,
7/01/27,
144A
No
Opt.
Call
185,867
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Academies
of
Math
&
Science
Projects,
Series
2018A:
615
5.000%,
7/01/38
1/28
at
100.00
628,288
1,000
5.000%,
7/01/48
1/28
at
100.00
1,006,211
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
GreatHearts
Arizona
Projects,
Series
2021A:
125
5.000%,
7/01/28
No
Opt.
Call
132,390
125
5.000%,
7/01/29
No
Opt.
Call
133,534
130
5.000%,
7/01/30
No
Opt.
Call
139,850
125
5.000%,
7/01/31
No
Opt.
Call
135,340
455
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Pinecrest
Academy
of
Nevada  Horizon,
Inspirada
and
St.
Rose
Campus
Projects,
Series
2018A,
5.750%,
7/15/38,
144A
7/26
at
100.00
462,012
1,000
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Pinecrest
Academy
of
Nevada
Sloan
Canyon
Campus
Project,
Series
2020A-2,
6.000%,
9/15/38,
144A
12/23
at
105.00
1,037,236
Nuveen
Arizona
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2023
(Unaudited)
2
NAZ
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Education
and
Civic
Organizations
(continued)
$
140
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Social
Bonds  Pensar
Academy
Project,
Series
2020,
4.000%,
7/01/30,
144A
7/28
at
100.00
$
128,321
Arizona
Industrial
Development
Authority,
Arizona,
Lease
Revenue
Bonds,
University
of
Indianapolis
-
Health
Pavilion
Project,
Series
2019A:
1,645
4.000%,
10/01/39
10/29
at
100.00
1,477,130
1,080
4.000%,
10/01/49
10/29
at
100.00
888,443
1,500
Arizona
Industrial
Development
Authority,
Education
Facility
Revenue
Bonds,
Caurus
Academy
Project,
Series
2018A,
6.375%,
6/01/39,
144A
6/28
at
100.00
1,549,797
Industrial
Development
Authority,
Pima
County,
Arizona,
Education
Revenue
Bonds,
Center
for
Academic
Success
Project,
Refunding
Series
2019:
360
4.000%,
7/01/31
7/29
at
100.00
349,993
340
4.000%,
7/01/33
7/29
at
100.00
327,500
780
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Arizona
Autism
Charter
Schools
Project,
Series
2020A,
5.000%,
7/01/50,
144A
7/29
at
100.00
686,355
195
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Arizona
Autism
Charter
Schools
Project,
Social
Series
2021A,
4.000%,
7/01/51,
144A
7/29
at
100.00
142,310
355
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Great
Hearts
Academies
Projects,
Series
2017A,
5.000%,
7/01/37
7/27
at
100.00
363,933
490
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Great
Hearts
Academies
Projects,
Series
2017C,
5.000%,
7/01/48
7/27
at
100.00
494,139
1,715
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Highland
Prep
Project,
Series
2019,
5.000%,
1/01/50
1/30
at
100.00
1,739,324
700
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Legacy
Traditional
Schools
Projects,
Series
2021A,
4.000%,
7/01/41,
144A
7/31
at
100.00
584,725
870
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Paradise
Schools
Projects,
Series
2016,
5.000%,
7/01/47,
144A
7/26
at
100.00
801,032
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Reid
Traditional
School
Projects,
Series
2016:
520
5.000%,
7/01/36
7/26
at
100.00
526,564
300
5.000%,
7/01/47
7/26
at
100.00
297,022
2,500
Maricopa
County
Industrial
Development
Authority,
Arizona,
Educational
Facilities
Revenue
Bonds,
Creighton
University
Projects,
Series
2020,
5.000%,
7/01/47
1/30
at
100.00
2,589,000
McAllister
Academic
Village
LLC,
Arizona,
Revenue
Bonds,
Arizona
State
University
Hassayampa
Academic
Village
Project,
Refunding
Series
2016:
775
5.000%,
7/01/37
7/26
at
100.00
796,951
1,000
5.000%,
7/01/38
7/26
at
100.00
1,024,849
1,155
Northern
Arizona
University,
System
Revenue
Bonds,
Refunding
Series
2014,
5.000%,
6/01/40
6/24
at
100.00
1,159,095
1,000
Northern
Arizona
University,
System
Revenue
Bonds,
Refunding
Series
2020B,
5.000%,
6/01/39
-
BAM
Insured
6/30
at
100.00
1,076,485
70
Phoenix
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Basis
Schools,
Inc.
Projects,
Series
2016A,
5.000%,
7/01/46,
144A
7/25
at
100.00
63,324
800
Phoenix
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Great
Hearts
Academies
Project,
Series
2016A,
5.000%,
7/01/41
7/25
at
100.00
785,203
500
Phoenix
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Legacy
Traditional
Schools
Project,
Series
2014A,
6.750%,
7/01/44,
144A
7/24
at
100.00
503,997
Phoenix
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Legacy
Traditional
Schools
Projects,
Series
2015:
315
5.000%,
7/01/35,
144A
7/25
at
100.00
315,739
300
5.000%,
7/01/45,
144A
7/25
at
100.00
279,736
3
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Education
and
Civic
Organizations
(continued)
$
650
Phoenix
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Legacy
Traditional
Schools
Projects,
Series
2016A,
5.000%,
7/01/41,
144A
7/26
at
100.00
$
622,834
1,110
Phoenix
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Northwest
Christian
School
Project,
Series
2020A,
5.000%,
9/01/45,
144A
9/30
at
100.00
942,633
Phoenix
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Villa
Montessori,
Inc.
Projects,
Series
2015:
110
3.250%,
7/01/25
No
Opt.
Call
107,559
400
5.000%,
7/01/35
7/25
at
100.00
402,637
900
Phoenix
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Vista
College
Preparatory
Project,
Series
2018A,
4.125%,
7/01/38
7/28
at
100.00
863,817
1,995
Phoenix
Industrial
Development
Authority,
Arizona,
Lease
Revenue
Bonds,
Eastern
Kentucky
University
Project,
Series
2016,
5.000%,
10/01/36
10/26
at
100.00
2,055,178
500
Pima
County
Community
College
District,
Arizona,
Revenue
Bonds,
Series
2019,
5.000%,
7/01/36
7/28
at
100.00
537,127
200
Pima
County
Industrial
Development
Authority,
Arizona,
Charter
School
Revenue
Bonds,
Desert
Heights
Charter
School,
Series
2014,
7.250%,
5/01/44
5/24
at
100.00
201,263
Pima
County
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Champion
Schools
Project,
Series
2017:
120
6.000%,
6/15/37,
144A
6/26
at
100.00
110,695
680
6.125%,
6/15/47,
144A
6/26
at
100.00
588,737
200
Pima
County
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Edkey
Charter
Schools
Project,
Series
2016,
5.250%,
7/01/36
7/26
at
100.00
196,185
35
Pima
County
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
San
Tan
Montessori
School
Project,
Series
2016,
6.500%,
2/01/48,
144A
2/24
at
100.00
35,020
115
Pima
County
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
San
Tan
Montessori
School
Project,
Series
2017,
6.750%,
2/01/50,
144A
2/28
at
100.00
116,855
500
Pima
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Noah
Webster
Schools
-
Mesa
Project,
Series
2015A,
5.000%,
12/15/34,
144A
6/25
at
100.00
480,318
730
Pinal
County
Community
College
District,
Arizona,
Revenue
Bonds,
Central
Arizona
College,
Series
2017,
5.000%,
7/01/35
-
BAM
Insured
7/26
at
100.00
759,204
780
Student
and
Academic
Services
LLC,
Arizona,
Lease
Revenue
Bonds,
Northern
Arizona
University
Project,
Series
2014,
5.000%,
6/01/39
-
BAM
Insured
6/24
at
100.00
782,577
Total
Education
and
Civic
Organizations
48,411,241
Health
Care
-
20.4%
(12.8%
of
Total
Investments)
Arizona
Health
Facilities
Authority,
Revenue
Bonds,
Scottsdale
Lincoln
Hospitals
Project,
Refunding
Series
2014A:
3,005
5.000%,
12/01/39
12/24
at
100.00
3,018,926
2,370
5.000%,
12/01/42
12/24
at
100.00
2,372,893
110
Arizona
Industrial
Development
Authority,
Arizona,
Lease
Revenue
Bonds,
Children's
National
Prince
County
Regional
Medical
Center,
Series
2020A,
4.000%,
9/01/40
9/30
at
100.00
104,471
4,975
Arizona
Industrial
Development
Authority,
Hospital
Revenue
Bonds,
Phoenix
Children's
Hospital,
Series
2020A,
4.000%,
2/01/50
2/30
at
100.00
4,547,378
1,250
Maricopa
County
Industrial
Development
Authority,
Arizona,
Hospital
Revenue
Bonds,
HonorHealth,
Series
2019A,
5.000%,
9/01/42
9/28
at
100.00
1,279,989
3,275
Maricopa
County
Industrial
Development
Authority,
Arizona,
Hospital
Revenue
Bonds,
HonorHealth,
Series
2021A,
4.000%,
9/01/51
3/31
at
100.00
2,993,512
Maricopa
County
Industrial
Development
Authority,
Arizona,
Revenue
Bonds,
Banner
Health,
Refunding
Series
2016A:
1,250
5.000%,
1/01/32
1/27
at
100.00
1,307,722
1,000
5.000%,
1/01/35
1/27
at
100.00
1,041,632
2,000
5.000%,
1/01/38
1/27
at
100.00
2,056,595
2,000
Maricopa
County
Industrial
Development
Authority,
Arizona,
Revenue
Bonds,
Banner
Health,
Series
2017A,
5.000%,
1/01/41
1/28
at
100.00
2,062,209
Nuveen
Arizona
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2023
(Unaudited)
4
NAZ
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Health
Care
(continued)
$
2,000
Maricopa
County
Industrial
Development
Authority,
Arizona,
Revenue
Bonds,
Banner
Health,
Series
2019A,
4.000%,
1/01/44
7/29
at
100.00
$
1,920,182
2,250
Pima
County
Industrial
Development
Authority,
Arizona,
Revenue
Bonds,
Tucson
Medical
Center,
Series
2021A,
3.000%,
4/01/51
4/31
at
100.00
1,580,085
1,025
Yavapai
County
Industrial
Development
Authority,
Arizona,
Hospital
Revenue
Bonds,
Yavapai
Regional
Medical
Center,
Refunding
Series
2016,
5.000%,
8/01/36
8/26
at
100.00
1,052,544
1,000
Yavapai
County
Industrial
Development
Authority,
Arizona,
Hospital
Revenue
Bonds,
Yavapai
Regional
Medical
Center,
Series
2013A,
5.250%,
8/01/33
12/23
at
100.00
1,000,503
2,100
Yavapai
County
Industrial
Development
Authority,
Arizona,
Hospital
Revenue
Bonds,
Yavapai
Regional
Medical
Center,
Series
2019,
4.000%,
8/01/43
8/29
at
100.00
1,884,987
1,000
Yuma
Industrial
Development
Authority,
Arizona,
Hospital
Revenue
Bonds,
Yuma
Regional
Medical
Center,
Series
2014A,
5.250%,
8/01/32
8/24
at
100.00
1,009,410
Total
Health
Care
29,233,038
Housing/Multifamily
-
1.3%
(0.8%
of
Total
Investments)
1,250
Arizona
Industrial
Development
Authority,
Student
Housing
Revenue
Bonds,
Provident
Group
-
NCCU
Properties
LLC-
North
Carolina
Central
University,
Series
2019A,
4.000%,
6/01/44
-
BAM
Insured
6/29
at
100.00
1,193,424
250
Sierra
Vista
Industrial
Development
Authority,
Arizona,
Economic
Development
Revenue
Bonds,
Convertible
Capital
Appreciation
Revenue
Bonds,
Series
2021A,
5.375%,
10/01/56
10/29
at
103.00
177,762
500
Sierra
Vista
Industrial
Development
Authority,
Arizona,
Economic
Development
Revenue
Bonds,
Convertible
Capital
Appreciation
Revenue
Bonds,
Series
2022A,
7.000%,
10/01/56
10/29
at
103.00
442,275
Total
Housing/Multifamily
1,813,461
Housing/Single
Family
-
1.3%
(0.8%
of
Total
Investments)
1,000
Phoenix
and
Maricopa
County
Industrial
Development
Authority,
Arizona,
Single
Family
Mortgage
Revenue
Bonds,
Series
2023A,
5.450%,
9/01/48
9/32
at
100.00
1,048,852
750
Tucson
and
Pima
County
Industrial
Development
Authority,
Arizona,
Joint
Single
Family
Mortgage
Revenue
Bonds,
Series
2023A,
4.850%,
7/01/48
7/32
at
103.31
764,523
Total
Housing/Single
Family
1,813,375
Information
Technology
-
0.3%
(0.2%
of
Total
Investments)
410
Chandler
Industrial
Development
Authority,
Arizona,
Industrial
Development
Revenue
Bonds,
Intel
Corporation
Project,
Series
2007,
4.100%,
12/01/37,
(AMT),
(Mandatory
Put
6/15/28)
2/28
at
100.00
412,755
Total
Information
Technology
412,755
Long-Term
Care
-
3.1%
(2.0%
of
Total
Investments)
585
Arizona
Industrial
Development
Authority,
Multifamily
Housing
Revenue
Bonds,
Bridgewater
Avondale
Project,
Series
2017,
5.375%,
1/01/38
7/25
at
101.00
429,193
1,000
Glendale
Industrial
Development
Authority,
Arizona,
Senior
Living
Revenue
Bonds,
Royal
Oaks
Royal
Oaks
-
Inspirata
Pointe
Project,
Series
2020A,
5.000%,
5/15/41
5/26
at
103.00
878,935
1,795
Phoenix
Industrial
Development
Authority,
Arizona,
Multi-Family
Housing
Revenue
Bonds,
3rd
and
Indian
Road
Assisted
Living
Project,
Series
2016,
5.400%,
10/01/36
10/25
at
101.00
1,379,197
1,435
Tempe
Industrial
Development
Authority,
Arizona,
Revenue
Bonds,
Friendship
Village
of
Tempe
Project,
Refunding
Series
2021A,
4.000%,
12/01/38
12/29
at
102.00
1,169,878
1,080
Tempe
Industrial
Development
Authority,
Arizona,
Revenue
Bonds,
Mirabella
at
ASU
Project,
Series
2017A,
6.125%,
10/01/47,
144A
10/27
at
100.00
617,234
Total
Long-Term
Care
4,474,437
5
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Tax
Obligation/General
-
18.4%
(11.5%
of
Total
Investments)
$
575
Buckeye
Union
High
School
District
201,
Maricopa
County,
Arizona,
General
Obligation
Bonds,
School
Improvement
Project,
Refunding
Series
2017,
5.000%,
7/01/35
-
BAM
Insured
7/27
at
100.00
$
608,972
2,105
Golder
Ranch
Fire
District,
Pima
and
Pinal
Counties,
Arizona,
General
Obligation
Bonds,
Series
2021,
4.000%,
7/01/45
7/30
at
100.00
2,054,966
1,045
Maricopa
County
School
District
14
Creighton
Elementary,
Arizona,
General
Obligation
Bonds,
School
Improvement
Series
2021C,
4.000%,
7/01/34
7/31
at
100.00
1,106,181
2,315
Maricopa
County
School
District
214
Tolleson
Union
High,
Arizona,
General
Obligation
Bonds,
School
Improvement
Project
1990,
Series
1990A,
5.000%,
7/01/38
7/28
at
100.00
2,471,590
630
Maricopa
County
School
District
214
Tolleson
Union
High,
Arizona,
General
Obligation
Bonds,
School
Improvement
Project
2017,
Series
2018A,
5.000%,
7/01/37
7/27
at
100.00
664,553
1,500
Maricopa
County
Special
Health
Care
District,
Arizona,
General
Obligation
Bonds,
Series
2018C,
5.000%,
7/01/36
7/28
at
100.00
1,595,624
1,350
Maricopa
County
Unified
School
District
95
Queen
Creek,
Arizona,
General
Obligation
Bonds,
School
Improvement
Series
2018,
5.000%,
7/01/36
7/25
at
102.00
1,408,999
1,275
Maricopa
County
Union
High
School
District
210
Phoenix,
Arizona,
General
Obligation
Bonds,
School
Improvement
&
Project
of
2011
Series
2017E,
5.000%,
7/01/33
7/27
at
100.00
1,362,330
Mohave
County
Union
High
School
District
2
Colorado
River,
Arizona,
General
Obligation
Bonds,
School
Improvement
Series
2017:
1,000
5.000%,
7/01/34
7/27
at
100.00
1,059,022
1,000
5.000%,
7/01/36
7/27
at
100.00
1,056,944
690
Northwest
Fire
District
of
Pima
County,
Arizona,
General
Obligation
Bonds,
Series
2017,
5.000%,
7/01/36
7/27
at
100.00
730,049
2,000
Paradise
Valley
Unified
School
District
No.
69,
Maricopa
County,
Arizona,
General
Obligation
Bonds,
School
Improvement
Project
of
2019,
Series
2022D,
4.000%,
7/01/41
7/32
at
100.00
2,006,643
2,895
Pima
County
Unified
School
District
12
Sunnyside,
Arizona,
General
Obligation
Bonds,
School
Improvement
Project
2011,
Series
2014D,
5.000%,
7/01/34
-
AGM
Insured
7/24
at
100.00
2,918,330
1,500
Pima
County
Unified
School
District
6
Marana,
Arizona,
General
Obligation
Bonds,
School
Improvement
Project
of
2014,
Series
2017C,
5.000%,
7/01/36
-
BAM
Insured
7/27
at
100.00
1,587,063
Pinal
County
School
District
4
Casa
Grande
Elementary,
Arizona,
General
Obligation
Bonds,
School
improvement
Project
2016,
Series
2017A:
620
5.000%,
7/01/34
-
BAM
Insured
7/27
at
100.00
655,557
1,000
5.000%,
7/01/35
-
BAM
Insured
7/27
at
100.00
1,055,966
2,000
Puerto
Rico,
General
Obligation
Bonds,
Restructured
Series
2022A-1,
4.000%,
7/01/46
7/31
at
103.00
1,666,907
950
Tempe,
Arizona,
General
Obligation
Bonds,
Series
2021,
5.000%,
7/01/39
7/31
at
100.00
1,044,986
Western
Maricopa
Education
Center
District
402,
Maricopa
County,
Arizona,
General
Obligation
Bonds,
School
Improvement
Project
2012,
Series2014B:
715
4.500%,
7/01/33
7/24
at
100.00
716,884
665
4.500%,
7/01/34
7/24
at
100.00
666,115
Total
Tax
Obligation/General
26,437,681
Tax
Obligation/Limited
-
43.7%
(27.3%
of
Total
Investments)
100
Arizona
Industrial
Development
Authority,
Arizona,
Economic
Development
Revenue
Bonds,
Linder
Village
Project
in
Meridian,
Ada
County,
Idaho,
Series
2020,
5.000%,
6/01/31,
144A
No
Opt.
Call
99,536
1,250
Arizona
State
Transportation
Board,
Highway
Revenue
Bonds,
Refunding
Series
2016,
5.000%,
7/01/35
7/26
at
100.00
1,309,136
275
Buckeye,
Arizona,
Excise
Tax
Revenue
Obligations,
Refunding
Series
2016,
4.000%,
7/01/36
7/26
at
100.00
277,851
1,000
Buckeye,
Arizona,
Excise
Tax
Revenue
Obligations,
Series
2015,
5.000%,
7/01/37
7/25
at
100.00
1,021,179
1,215
Cadence
Community
Facilities
District,
Mesa,
Arizona,
Special
Assessment
Revenue
Bonds,
Assessment
District
3,
Series
2020,
4.000%,
7/01/45
7/30
at
100.00
1,038,474
123
(c)
Cahava
Springs
Revitalization
District,
Cave
Creek,
Arizona,
Special
Assessment
Bonds,
Series
2017A,
7.000%,
7/01/41,
144A
7/27
at
100.00
94,597
Nuveen
Arizona
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2023
(Unaudited)
6
NAZ
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Tax
Obligation/Limited
(continued)
$
1,210
Eastmark
Community
Facilities
District
1,
Mesa,
Arizona,
General
Obligation
Bonds,
Series
2015,
5.000%,
7/15/39,
144A
7/25
at
100.00
$
1,201,359
1,810
Eastmark
Community
Facilities
District
1,
Mesa,
Arizona,
General
Obligation
Bonds,
Series
2017,
5.000%,
7/15/42
-
AGM
Insured
7/27
at
100.00
1,892,249
2,445
Eastmark
Community
Facilities
District
1,
Mesa,
Arizona,
General
Obligation
Bonds,
Series
2018,
4.375%,
7/15/43
-
BAM
Insured
7/27
at
100.00
2,447,012
650
Eastmark
Community
Facilities
District
1,
Mesa,
Arizona,
General
Obligation
Bonds,
Series
2021,
4.000%,
7/15/41
-
BAM
Insured
7/31
at
100.00
630,262
484
Eastmark
Community
Facilities
District
1,
Mesa,
Arizona,
Special
Assessment
Revenue
Bonds,
Assessment
District
1,
Series
2013,
5.250%,
7/01/38
1/24
at
100.00
466,328
697
Eastmark
Community
Facilities
District
1,
Mesa,
Arizona,
Special
Assessment
Revenue
Bonds,
Assessment
District
1,
Series
2019,
5.200%,
7/01/43
7/27
at
100.00
638,609
2,280
Eastmark
Community
Facilities
District
1,
Mesa,
Arizona,
Special
Assessment
Revenue
Bonds,
Assessment
District
12,
Series
2021,
3.750%,
7/01/45
7/30
at
100.00
1,696,568
1,035
Eastmark
Community
Facilities
District
2,
Mesa,
Arizona,
General
Obligation
Bonds,
Series
2020,
3.500%,
7/15/44
7/30
at
100.00
733,006
105
Estrella
Mountain
Ranch
Community
Facilities
District,
Goodyear,
Arizona,
General
Obligation
Bonds,
Refunding
Series  2017,
5.000%,
7/15/32
-
AGM
Insured
7/27
at
100.00
111,384
1,145
Estrella
Mountain
Ranch
Community
Facilities
District,
Goodyear,
Arizona,
Special
Assessment
Revenue
Bonds,
Lucero
Assessment
District
2,
Series
2023,
5.750%,
7/01/46
7/32
at
100.00
1,126,467
Festival
Ranch
Community
Facilities
District,
Buckeye,
Arizona,
General
Obligation
Bonds,
Series
2012:
345
5.000%,
7/15/27
-
BAM
Insured
1/24
at
100.00
345,401
1,085
5.000%,
7/15/31
1/24
at
100.00
1,086,111
500
Festival
Ranch
Community
Facilities
District,
Buckeye,
Arizona,
General
Obligation
Bonds,
Series
2016,
4.000%,
7/15/36
-
BAM
Insured
7/26
at
100.00
498,497
1,000
Festival
Ranch
Community
Facilities
District,
Buckeye,
Arizona,
General
Obligation
Bonds,
Series
2017,
5.000%,
7/15/37
-
BAM
Insured
7/27
at
100.00
1,033,328
590
Festival
Ranch
Community
Facilities
District,
Buckeye,
Arizona,
General
Obligation
Bonds,
Series
2018,
5.000%,
7/15/38
-
BAM
Insured
7/27
at
100.00
607,363
1,000
Festival
Ranch
Community
Facilities
District,
Buckeye,
Arizona,
General
Obligation
Bonds,
Series
2020,
4.000%,
7/15/40
-
BAM
Insured
7/30
at
100.00
966,144
2,000
Festival
Ranch
Community
Facilities
District,
Buckeye,
Arizona,
General
Obligation
Bonds,
Series
2022,
5.000%,
7/15/42
-
AGM
Insured
7/32
at
100.00
2,092,234
331
Festival
Ranch
Community
Facilities
District,
Buckeye,
Arizona,
Special
Assessment
Revenue
Bonds,  Assessment
District
11,
Series
2017,
5.200%,
7/01/37
7/27
at
100.00
313,989
545
Goodyear
Community
Facilities
Utilities
District
1,
Arizona,
General
Obligation
Bonds,
Refunding
Series
2016,
4.000%,
7/15/32
7/26
at
100.00
553,244
1,500
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D,
5.000%,
11/15/39
11/25
at
100.00
1,500,060
1,250
Guam
Government,
Limited
Obligation
Section
30
Revenue
Bonds,
Series
2016A,
5.000%,
12/01/46
12/26
at
100.00
1,187,045
1,425
Marana,
Arizona,
Pledged
Excise
Tax
Revenue
Bonds,
Refunding
Series
2013,
5.000%,
7/01/33
1/24
at
100.00
1,426,307
615
Matching
Fund
Special
Purpose
Securitization
Corporation,
Virgin
Islands,
Revenue
Bonds,
Series
2022A,
5.000%,
10/01/39
10/32
at
100.00
605,701
200
Merrill
Ranch
Community
Facilities
District
2,
Florence,
Arizona,
General
Obligation
Bonds,
Series
2016,
5.000%,
7/15/31
7/26
at
100.00
206,457
385
Merrill
Ranch
Community
Facilities
District
2,
Florence,
Arizona,
General
Obligation
Bonds,
Series
2017,
5.000%,
7/15/42
-
BAM
Insured
7/27
at
100.00
398,666
400
Parkway
Community
Facilities
District
1,
Prescott
Valley,
Arizona,
General
Obligation
Bonds,
Series
2006,
5.350%,
7/15/31
1/24
at
100.00
317,727
1,625
Phoenix
Civic
Improvement
Corporation,
Arizona,
Excise
Tax
Revenue
Bonds,
Subordinate
Lien
Series
2020A,
4.000%,
7/01/45
7/30
at
100.00
1,588,639
580
Phoenix
Mesa
Gateway
Airport
Authority,
Arizona,
Special
Facility
Revenue
Bonds,
Mesa
Project,
Series
2012,
5.000%,
7/01/38,
(AMT)
1/24
at
100.00
580,058
1,000
Pinal
County,
Arizona,
Pledged
Revenue
Obligations,
Series
2014,
5.000%,
8/01/33
8/24
at
100.00
1,008,958
1,500
Pinal
County,
Arizona,
Pledged
Revenue
Obligations,
Series
2019,
4.000%,
8/01/38
8/28
at
100.00
1,506,224
7
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Tax
Obligation/Limited
(continued)
$
1,000
Puerto
Rico
Highway
and
Transportation
Authority,
Restructured
Toll
Revenue
Bonds,
Series
2022A,
5.000%,
7/01/62
7/32
at
100.00
$
990,000
9,520
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1,
0.000%,
7/01/46
7/28
at
41.38
2,809,284
2,440
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2,
4.784%,
7/01/58
7/28
at
100.00
2,298,638
Queen
Creek,
Arizona,
Excise
Tax
&
State
Shared
Revenue
Obligation
Bonds,
Refunding
Series
2016:
540
4.000%,
8/01/34
8/26
at
100.00
550,580
545
4.000%,
8/01/36
8/26
at
100.00
552,853
1,740
Queen
Creek,
Arizona,
Excise
Tax
&
State
Shared
Revenue
Obligation
Bonds,
Series
2018A,
5.000%,
8/01/42
8/28
at
100.00
1,839,831
2,500
Queen
Creek,
Arizona,
Excise
Tax
&
State
Shared
Revenue
Obligation
Bonds,
Series
2020,
4.000%,
8/01/45
8/30
at
100.00
2,439,293
San
Luis,
Arizona,
Pledged
Excise
Tax
Revenue
Bonds,
Refunding
Series2014A:
1,400
5.000%,
7/01/34
-
BAM
Insured
7/24
at
100.00
1,410,884
2,100
5.000%,
7/01/38
-
BAM
Insured
7/24
at
100.00
2,114,893
3,000
Scottsdale
Municipal
Property
Corporation,
Arizona,
Excise
Tax
Revenue
Bonds,
Refunding
Series
2006,
5.000%,
7/01/24
No
Opt.
Call
3,032,909
1,650
Sundance
Community
Facilities
District,
Buckeye,
Arizona,
General
Obligation
Bonds,
Refunding
Series
2018,
5.000%,
7/15/39
-
BAM
Insured
7/28
at
100.00
1,757,045
694
Superstition
Vistas
Community
Facilities
District
1,
Apache
Junction,
Arizona,
Special
Assessment
Revenue
Bonds,
Series
2023,
6.000%,
7/01/47
7/33
at
100.00
695,362
3,000
Town
of
Queen
Creek,
Arizona,
Excise
Tax
and
State
Shared
Revenue
Obligation
Bonds,
Series
2022,
5.000%,
8/01/47
8/32
at
100.00
3,240,400
500
Verrado
District
1
Community
Faciliites
District,
Buckeye,
Arizona,
General
Obligation
Bonds,
Series
2023,
4.125%,
7/15/41
-
BAM
Insured
7/33
at
100.00
500,927
325
Vistancia
West
Community
Facilities
District,
Peoria,
Arizona,
General
Obligation
Bonds,
Series
2016,
3.250%,
7/15/25,
144A
1/24
at
100.00
325,021
4,240
Yavapai
County
Jail
District,
Arizona,
Pledged
Revenue
Obligation
Bonds,
Series
2020,
4.000%,
7/01/40
-
BAM
Insured
7/29
at
100.00
4,232,401
1,160
Yuma
County,
Arizona,
Pledge
Revenue
Obligations,
Series
2022,
4.250%,
7/15/42
-
BAM
Insured
7/32
at
100.00
1,168,361
Total
Tax
Obligation/Limited
62,564,852
Transportation
-
7.6%
(4.8%
of
Total
Investments)
Phoenix
Civic
Improvement
Corporation,
Arizona,
Airport
Revenue
Bonds,
Junior
Lien
Series
2015A:
910
5.000%,
7/01/40
7/25
at
100.00
918,813
2,185
5.000%,
7/01/45
7/25
at
100.00
2,198,268
2,000
Phoenix
Civic
Improvement
Corporation,
Arizona,
Airport
Revenue
Bonds,
Junior
Lien
Series
2019B,
5.000%,
7/01/49,
(AMT)
7/29
at
100.00
2,032,627
Phoenix
Civic
Improvement
Corporation,
Arizona,
Airport
Revenue
Bonds,
Senior
Lien
Series
2017A:
1,000
5.000%,
7/01/37,
(AMT)
7/27
at
100.00
1,033,542
1,000
5.000%,
7/01/42,
(AMT)
7/27
at
100.00
1,021,877
1,500
Phoenix
Civic
Improvement
Corporation,
Arizona,
Airport
Revenue
Bonds,
Senior
Lien
Series
2018,
5.000%,
7/01/43,
(AMT)
7/28
at
100.00
1,539,062
Phoenix
Civic
Improvement
Corporation,
Arizona,
Rental
Car
Facility
Charge
Revenue
Bonds,
Series
2019A:
1,045
5.000%,
7/01/35
7/29
at
100.00
1,118,459
1,000
5.000%,
7/01/38
7/29
at
100.00
1,046,531
Total
Transportation
10,909,179
Nuveen
Arizona
Quality
Municipal
Income
Fund
(continued)
Portfolio
of
Investments
November
30,
2023
(Unaudited)
8
NAZ
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
U.S.
Guaranteed
-
4.2%
(2.6%
of
Total
Investments)
(d)
$
1,200
Arizona
Health
Facilities
Authority,
Hospital
Revenue
Bonds,
Banner
Health
Systems,
Series
2014A,
5.000%,
1/01/44,
(Pre-refunded
1/01/24)
1/24
at
100.00
$
1,201,385
550
Estrella
Mountain
Ranch
Community
Facilities
District,
Goodyear,
Arizona,
General
Obligation
Bonds,
Refunding
Series
2017,
5.000%,
7/15/32,
(Pre-
refunded
7/15/27)
-
AGM
Insured
7/27
at
100.00
592,395
55
Goodyear
Community
Facilities
Utilities
District
1,
Arizona,
General
Obligation
Bonds,
Refunding
Series  2016,
4.000%,
7/15/32,
(Pre-refunded
7/15/26)
7/26
at
100.00
56,502
720
Northern
Arizona
University,
System
Revenue
Bonds,
Refunding
Series  2014,
5.000%,
6/01/40,
(Pre-refunded
6/01/24)
6/24
at
100.00
726,613
2,000
Phoenix
Civic
Improvement
Corporation,
Arizona,
Water
System
Revenue
Bonds,
Junior
Lien
Series
2014A,
5.000%,
7/01/39,
(Pre-refunded
7/01/24)
7/24
at
100.00
2,019,196
1,320
Scottsdale
Municipal
Property
Corporation,
Arizona,
Excise
Tax
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
7/01/36,
(Pre-refunded
7/01/27)
7/27
at
100.00
1,423,050
Total
U.S.
Guaranteed
6,019,141
Utilities
-
25.7%
(16.1%
of
Total
Investments)
Carefree
Utilities
Community
Facilities
District,
Arizona,
Water
System
Revenue
Bonds,
Series
2021:
30
4.000%,
7/01/41
7/31
at
100.00
29,487
650
4.000%,
7/01/46
7/31
at
100.00
612,207
655
Central
Arizona
Water
Conservation
District,
Arizona,
Water
Delivery
O&M
Revenue
Bonds,
Series
2016,
5.000%,
1/01/36
1/26
at
100.00
674,960
2,615
City
of
Mesa,
Arizona,
Utility
System
Revenue
Bonds,
Series
2022C,
5.000%,
7/01/36
No
Opt.
Call
3,030,237
1,250
Gilbert
Water
Resource
Municipal
Property
Corporation,
Arizona,
Utility
System
Revenue
Bonds,
Senior
Lien
Green
Series
2022,
4.000%,
7/15/47
7/32
at
100.00
1,238,268
785
Goodyear,
Arizona,
Water
and
Sewer
Revenue
Obligations,
Refunding
Subordinate
Lien
Series
2016,
5.000%,
7/01/45
-
AGM
Insured
7/26
at
100.00
808,382
875
Goodyear,
Arizona,
Water
and
Sewer
Revenue
Obligations,
Subordinate
Lien
Series
2020,
4.000%,
7/01/49
-
AGM
Insured
7/29
at
100.00
812,702
665
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
7/01/36
7/27
at
100.00
684,379
1,100
Guam
Power
Authority,
Revenue
Bonds,
Series
2014A,
5.000%,
10/01/39
10/24
at
100.00
1,107,921
1,125
Lake
Havasu
City,
Arizona,
Wastewater
System
Revenue
Bonds,
Refunding
Senior
Lien
Series
2015A,
5.000%,
7/01/36
-
AGM
Insured
7/25
at
100.00
1,152,124
1,840
Phoenix
Civic
Improvement
Corporation,
Arizona,
Wastewater
System
Revenue
Bonds,
Junior
Lien
Series
2023,
5.250%,
7/01/47
7/33
at
100.00
2,048,924
1,135
Phoenix
Civic
Improvement
Corporation,
Arizona,
Wastewater
System
Revenue
Bonds,
Refunding
Junior
Lien
Series
2014,
5.000%,
7/01/29
7/24
at
100.00
1,145,764
1,000
Phoenix
Civic
Improvement
Corporation,
Arizona,
Water
System
Revenue
Bonds,
Junior
Lien
Series
2021A,
4.000%,
7/01/42
7/31
at
100.00
1,002,027
695
Pinal
County
Electrical
District
3,
Arizona,
Electric
System
Revenue
Bonds,
Refunding  Series
2016,
5.000%,
7/01/35
7/26
at
100.00
726,094
1,000
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021B,
5.000%,
7/01/37,
144A
7/31
at
100.00
1,001,835
1,500
Salt
River
Project
Agricultural
Improvement
and
Power
District,
Arizona,
Electric
System
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
12/01/36
6/25
at
100.00
1,531,888
2,500
Salt
River
Project
Agricultural
Improvement
and
Power
District,
Arizona,
Electric
System
Revenue
Bonds,
Series
2023A,
5.000%,
1/01/47
1/33
at
100.00
2,726,377
1,155
Salt
River
Project
Agricultural
Improvement
and
Power
District,
Arizona,
Electric
System
Revenue
Bonds,
Series
2023B,
5.000%,
1/01/48
1/34
at
100.00
1,266,112
Salt
Verde
Financial
Corporation,
Arizona,
Senior
Gas
Revenue
Bonds,
Citigroup
Energy
Inc
Prepay
Contract
Obligations,
Series
2007:
4,500
5.500%,
12/01/29
No
Opt.
Call
4,821,140
5,665
5.000%,
12/01/37
No
Opt.
Call
6,014,862
Surprise,
Arizona,
Utility  System
Revenue
Bonds,
Refunding
Senior
Lien
Series
2018:
500
5.000%,
7/01/35
7/28
at
100.00
546,450
805
5.000%,
7/01/36
7/28
at
100.00
875,126
9
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
Utilities
(continued)
$
3,000
Yuma,
Arizona,
Utilities
System
Revenue
Bonds,
Series
2021,
4.000%,
7/01/40
-
BAM
Insured
7/31
at
100.00
$
3,002,900
Total
Utilities
36,860,166
Total
Municipal
Bonds
(cost
$234,442,469)
228,949,326
Total
Long-Term
Investments
(cost
$234,442,469)
228,949,326
AMTP
Shares,
Net
-
(61.6)%
(e)
(
88,256,514
)
Other
Assets
&
Liabilities,
Net
-
1.8%
2,540,928
Net
Assets
Applicable
to
Common
Shares
-
100%
$
143,233,740
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
228,949,326
$
–
$
228,949,326
Total
$
–
$
228,949,326
$
–
$
228,949,326
(a)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
(b)
Optional
Call
Provisions:
Dates
(month
and
year)
and
prices
of
the
earliest
optional
call
or
redemption.
There
may
be
other
call
provisions
at
varying
prices
at
later
dates.
Certain
mortgage-backed
securities
may
be
subject
to
periodic
principal
paydowns.
(c)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(d)
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.
(e)
AMTP
Shares,
Net
as
a
percentage
of
Total
Investments
is
38.5%.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
AMT
Alternative
Minimum
Tax
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