Nuveen Maryland 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 811-07486

Nuveen Maryland 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:       May 31      

Date of reporting period: February 28, 2019

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

 

 


NMY
Nuveen Maryland Quality Municipal Income Fund
Portfolio of Investments    February 28, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 163.2% (100.0% of Total Investments)        
    MUNICIPAL BONDS – 163.2% (100.0% of Total Investments)        
    Consumer Discretionary  – 3.4% (2.1% of Total Investments)        
$ 9,215   Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017, 5.000%, 9/01/46   9/27 at 100.00 BBB- $9,948,698
2,000   Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference Center, Series 2006A, 5.000%, 12/01/31 (4)   3/19 at 100.00 N/R 1,360,000
11,215   Total Consumer Discretionary       11,308,698
    Consumer Staples  – 6.4% (4.0% of Total Investments)        
    Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-2:        
1,695   5.875%, 6/01/30   2/19 at 100.00 B- 1,600,131
595   5.875%, 6/01/47   5/19 at 100.00 B- 558,556
210   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 B- 207,524
13,000   District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 0.000%, 6/15/46   3/19 at 18.74 N/R 1,993,810
    Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A:        
1,970   5.250%, 6/01/32   5/19 at 100.00 N/R 1,884,344
2,915   5.625%, 6/01/47   2/19 at 100.00 N/R 2,688,913
1,900   New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, Series 2016A-1, 5.625%, 6/01/35   No Opt. Call BBB 2,018,579
100   Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/46   2/19 at 100.00 B3 94,639
3,270   Puerto Rico, The Children's Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, Series 2002, 5.500%, 5/15/39   5/19 at 100.00 Ba1 3,303,518
2,000   Tobacco Securitization Authority of Southern California, Tobacco Settlement Asset-Backed Bonds, San Diego County Tobacco Asset Securitization Corporation, Senior Series 2006A, 5.000%, 6/01/37   2/19 at 100.00 BB+ 2,000,060
1,405   Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A, 5.000%, 6/01/46   6/28 at 100.00 BBB+ 1,483,989
530   Tobacco Settlement Financing Corporation, Virgin Islands, Tobacco Settlement Asset-Backed Bonds, Series 2001, 5.000%, 5/15/31   3/19 at 100.00 A3 530,837
2,850   TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/45   6/27 at 100.00 B+ 2,754,981
32,440   Total Consumer Staples       21,119,881
1


NMY Nuveen Maryland Quality Municipal Income Fund (continued)
  Portfolio of Investments February 28, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations – 10.6% (6.5% of Total Investments)        
    Frederick County, Maryland, Educational Facilities Revenue Bonds, Mount Saint Mary's University Inc., Series 2017A:        
$ 1,500   5.000%, 9/01/37, 144A   9/27 at 100.00 BB+ $1,586,055
3,250   5.000%, 9/01/45, 144A   9/27 at 100.00 BB+ 3,379,902
700   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College, Series 2012A, 5.000%, 7/01/34   7/22 at 100.00 A- 757,127
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College, Series 2017A:        
1,100   5.000%, 7/01/37   7/27 at 100.00 A- 1,225,455
1,200   5.000%, 7/01/44   7/27 at 100.00 A- 1,317,048
265   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Green Street Academy, Series 2017A, 5.125%, 7/01/37, 144A   7/27 at 100.00 N/R 265,069
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins University, Series 2012A:        
1,145   5.000%, 7/01/30   7/22 at 100.00 AA+ 1,261,962
1,050   5.000%, 7/01/37   7/22 at 100.00 AA+ 1,151,913
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins University, Series 2013B:        
500   5.000%, 7/01/38   7/23 at 100.00 AA+ 557,625
4,375   4.250%, 7/01/41   7/23 at 100.00 AA+ 4,606,087
1,250   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola University Maryland, Series 2012A, 5.000%, 10/01/39   10/22 at 100.00 A 1,357,388
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola University Maryland, Series 2014:        
1,000   4.000%, 10/01/45   10/24 at 100.00 A 1,022,000
1,250   5.000%, 10/01/45   10/24 at 100.00 A 1,401,262
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute College of Art, Series 2012:        
1,500   5.000%, 6/01/34   6/22 at 100.00 Baa1 1,590,795
3,000   5.000%, 6/01/47   6/22 at 100.00 Baa1 3,129,750
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute College of Art, Series 2016:        
175   5.000%, 6/01/36   6/26 at 100.00 Baa1 192,129
2,500   4.000%, 6/01/42   6/26 at 100.00 Baa1 2,500,375
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute College of Art, Series 2017:        
525   5.000%, 6/01/35   6/26 at 100.00 Baa1 578,860
1,000   5.000%, 6/01/42   6/26 at 100.00 Baa1 1,080,100
745   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Patterson Park Public Charter School Issue, Series 2010, 6.000%, 7/01/40   7/19 at 100.00 BB+ 746,848
625   Morgan State University, Maryland, Student Tuition and Fee Revenue Bonds, Academic Fees and Auxiliary Facilities, Series 2012, 5.000%, 7/01/29   7/22 at 100.00 A+ 681,025
2


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$ 4,115   Morgan State University, Maryland, Student Tuition and Fee Revenue Refunding Bonds, Academic Fees and Auxiliary Facilities, Series 1993, 6.100%, 7/01/20  –  NPFG Insured   No Opt. Call A+ $ 4,250,054
32,770   Total Education and Civic Organizations       34,638,829
    Energy – 0.7% (0.4% of Total Investments)        
2,310   Maryland Economic Development Corporation, Port Facilities Revenue Bonds, CNX Marine Terminals Inc. Port of Baltimore Facility, Refunding Series 2010, 5.750%, 9/01/25   9/20 at 100.00 BB- 2,376,413
    Health Care – 38.0% (23.3% of Total Investments)        
    Maryland Health and Higher Educational Facilities Authority, Maryland, Hospital Revenue Bonds, Meritus Medical Center, Series 2015:        
990   4.000%, 7/01/32   7/25 at 100.00 BBB+ 1,028,709
2,470   4.250%, 7/01/35   7/25 at 100.00 BBB+ 2,576,408
1,740   5.000%, 7/01/45   7/25 at 100.00 BBB+ 1,865,715
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds Doctors Community Hospital, Series 2017B:        
250   5.000%, 7/01/34   7/27 at 100.00 Baa3 273,118
4,820   5.000%, 7/01/38   7/27 at 100.00 Baa3 5,160,726
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Center, Series 2016A:        
90   5.000%, 7/01/36   7/26 at 100.00 BBB 98,806
1,450   5.000%, 7/01/38   7/26 at 100.00 BBB 1,578,383
585   4.000%, 7/01/42   7/26 at 100.00 BBB 582,403
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2011A:        
1,350   6.250%, 1/01/31   1/22 at 100.00 Baa3 1,489,333
375   6.125%, 1/01/36   1/22 at 100.00 Baa3 408,157
3,270   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2016A, 5.500%, 1/01/46   1/27 at 100.00 Baa3 3,632,545
1,355   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Anne Arundel Health System Issue, Series 2012, 5.000%, 7/01/24   7/22 at 100.00 A 1,493,874
2,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Calvert Health System Issue, Refunding Series 2013, 5.000%, 7/01/38   7/23 at 100.00 AA- 2,159,960
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Carroll Hospital Center, Series 2012A:        
1,000   4.000%, 7/01/30   7/22 at 100.00 A1 1,048,910
1,775   5.000%, 7/01/37   7/22 at 100.00 A1 1,912,775
4,335   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick Memorial Hospital Issue, Series 2012A, 4.250%, 7/01/32   7/22 at 100.00 A- 4,452,609
2,500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins Health System Issue, Series 2015A, 4.000%, 5/15/40   5/25 at 100.00 Aa2 2,588,125
3


NMY Nuveen Maryland Quality Municipal Income Fund (continued)
  Portfolio of Investments February 28, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins Health System Obligated Group Issue, Series 2011A:        
$ 500   5.000%, 5/15/25   5/21 at 100.00 Aa2 $537,385
500   5.000%, 5/15/26   5/21 at 100.00 Aa2 537,725
2,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health Issue, Series 2016, 5.000%, 7/01/47   7/26 at 100.00 A+ 2,195,740
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health Issue, Series 2017:        
1,000   5.000%, 7/01/33   7/27 at 100.00 A+ 1,147,160
1,000   5.000%, 7/01/44   7/27 at 100.00 A+ 1,106,630
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health System, Series 2015:        
1,500   4.000%, 7/01/35   7/25 at 100.00 A+ 1,555,590
1,125   5.000%, 7/01/40   7/25 at 100.00 A+ 1,240,852
2,975   4.125%, 7/01/47   7/25 at 100.00 A+ 3,046,549
2,500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health Issue, Series 2015, 5.000%, 8/15/38   2/25 at 100.00 A 2,737,875
6,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health Issue, Series 2017A, 5.000%, 5/15/42   5/27 at 100.00 A 6,606,780
2,850   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Cente, Series 2011, 5.000%, 7/01/31   7/22 at 100.00 BBB 3,030,519
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional Medical Center Issue, Refunding Series 2015:        
1,000   5.000%, 7/01/39   7/24 at 100.00 A 1,090,080
5,500   5.000%, 7/01/45   7/24 at 100.00 A 5,959,305
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Trinity Health Credit Group, Series 2017MD:        
1,000   5.000%, 12/01/46   6/27 at 100.00 AA- 1,128,120
3,260   5.000%, 12/01/46 (UB) (5)   6/27 at 100.00 AA- 3,677,671
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2013A:        
4,665   4.000%, 7/01/43   7/22 at 100.00 A 4,730,963
11,500   5.000%, 7/01/43   7/22 at 100.00 A 12,381,245
1,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2015, 5.000%, 7/01/35   7/25 at 100.00 A 1,115,960
5,500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2017B, 5.000%, 7/01/39   7/27 at 100.00 A 6,142,235
2,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Taxable Series 2017D, 4.000%, 7/01/48   1/28 at 100.00 A 2,034,740
12,250   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland Health, Series 2014, 5.250%, 7/01/34   7/24 at 100.00 BBB 13,445,722
8,000   Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011MD, 5.000%, 12/01/40   12/21 at 100.00 AA- 8,607,920
4


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Series 2015:        
$ 6,000   4.000%, 12/01/44   6/25 at 100.00 AA- $6,089,880
2,000   5.000%, 12/01/44 (UB) (5)   6/25 at 100.00 AA- 2,213,100
115,980   Total Health Care       124,710,302
    Housing/Multifamily – 8.8% (5.4% of Total Investments)        
1,930   Anne Arundel County, Maryland, FNMA Multifamily Housing Revenue Bonds, Glenview Gardens Apartments Project, Series 2009, 5.000%, 1/01/28 (Mandatory Put 1/01/27)   1/20 at 102.00 AA+ 2,007,277
    Howard County Housing Commission, Maryland, Revenue Bonds, Columbia Commons Apartments, Series 2014A:        
1,500   4.000%, 6/01/34   6/24 at 100.00 A+ 1,539,615
1,550   5.000%, 6/01/44   6/24 at 100.00 A+ 1,646,674
1,860   Howard County Housing Commission, Maryland, Revenue Bonds, Gateway Village Apartments, Series 2016, 4.000%, 6/01/46   6/26 at 100.00 A+ 1,873,801
    Howard County Housing Commission, Maryland, Revenue Bonds, The Verona at Oakland Mills Project, Series 2013:        
3,000   5.000%, 10/01/28   10/23 at 100.00 A+ 3,308,100
2,000   4.625%, 10/01/28   10/23 at 100.00 A+ 2,166,060
1,000   Howard County Housing Commission, Maryland, Revenue Bonds, Woodfield Oxford Square Apartments, Series 2017, 5.000%, 12/01/42   12/27 at 100.00 A+ 1,100,900
1,195   Maryland Community Development Administration Department of Housing and Community Development, Housing Revenue Bonds, Series 2014D, 3.900%, 7/01/40   1/24 at 100.00 AA+ 1,201,823
680   Maryland Community Development Administration Department of Housing and Community Development, Housing Revenue Bonds, Series 2017C, 3.550%, 7/01/42   1/27 at 100.00 AA+ 659,029
1,000   Maryland Community Development Administration, Department of Housing and Community Development, Multifamily Development Revenue Bonds, Marlborough Apartments, Series 2014I, 3.450%, 12/15/31   12/24 at 100.00 Aaa 1,015,980
    Maryland Economic Development Corporation, Senior Student Housing Revenue Bonds, Towson University Project, Refunding Series 2017:        
1,100   5.000%, 7/01/36   7/27 at 100.00 BBB 1,202,025
470   5.000%, 7/01/37   7/21 at 100.00 BBB 489,712
    Maryland Economic Development Corporation, Student Housing Revenue Bonds, Salisbury University Project, Refunding Series 2013:        
500   5.000%, 6/01/27   6/23 at 100.00 Baa3 533,565
500   5.000%, 6/01/34   6/23 at 100.00 Baa3 524,070
1,500   Maryland Economic Development Corporation, Student Housing Revenue Bonds, Sheppard Pratt University Village, Series 2012, 5.000%, 7/01/33   7/22 at 100.00 BBB- 1,556,130
495   Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland - Baltimore Project, Refunding Senior Lien Series 2015, 5.000%, 7/01/39   7/25 at 100.00 BBB- 524,378
1,160   Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland, Baltimore County Project, Refunding Series 2016, 3.600%, 7/01/35  –  AGM Insured   3/19 at 100.00 AA 1,160,081
5


NMY Nuveen Maryland Quality Municipal Income Fund (continued)
  Portfolio of Investments February 28, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Multifamily (continued)        
    Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland, College Park Project, Refunding Series 2016:        
$ 875   5.000%, 6/01/30  –  AGM Insured   6/26 at 100.00 AA $1,022,823
240   5.000%, 6/01/31  –  AGM Insured   6/26 at 100.00 AA 278,340
2,405   5.000%, 6/01/35  –  AGM Insured   6/26 at 100.00 AA 2,734,413
780   5.000%, 6/01/43  –  AGM Insured   6/26 at 100.00 AA 869,934
1,500   Montgomery County Housing Opportunities Commission, Maryland, Multifamily Housing Development Bonds, Series 2014A, 3.875%, 7/01/39   7/24 at 100.00 Aaa 1,512,630
27,240   Total Housing/Multifamily       28,927,360
    Housing/Single Family – 5.8% (3.5% of Total Investments)        
2,385   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2011B, 3.250%, 3/01/36   3/26 at 100.00 Aa2 2,322,990
2,365   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2014A, 4.300%, 9/01/32   9/23 at 100.00 Aa2 2,481,216
    Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2014C:        
3,000   3.400%, 3/01/31   3/24 at 100.00 Aa2 3,042,600
1,165   3.750%, 3/01/39   3/24 at 100.00 Aa2 1,166,375
1,500   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2015A, 3.800%, 9/01/35   9/25 at 100.00 Aa2 1,528,185
4,900   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2018A, 4.100%, 9/01/38 (UB) (5)   9/27 at 100.00 Aa2 5,041,512
1,865   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019A, 3.750%, 9/01/39   3/28 at 100.00 Aa2 1,865,559
1,410   Montgomery County Housing Opportunities Commission, Maryland, Single Family Mortgage Revenue Bonds, Series 2017A, 3.650%, 7/01/37   7/26 at 100.00 Aa2 1,414,103
18,590   Total Housing/Single Family       18,862,540
    Industrials – 1.9% (1.2% of Total Investments)        
    Maryland Economic Development Corporation Economic Development Revenue Bonds, Transportation Facilities Project, Refunding Series 2017A:        
1,000   5.000%, 6/01/31   6/28 at 100.00 Baa3 1,153,540
1,125   5.000%, 6/01/32   6/28 at 100.00 Baa3 1,285,448
3,360   5.000%, 6/01/35   6/28 at 100.00 Baa3 3,791,760
5,485   Total Industrials       6,230,748
    Long-Term Care – 8.3% (5.1% of Total Investments)        
    Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2016:        
2,220   5.000%, 1/01/37   1/26 at 100.00 A 2,442,200
1,000   3.625%, 1/01/37   1/26 at 100.00 A 1,001,660
2,050   Gaithersburg, Maryland, Economic Development Revenue Bonds, Asbury Methodist Homes Inc., Series 2009B, 6.000%, 1/01/23   1/20 at 100.00 BBB 2,113,796
6


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Long-Term Care (continued)        
$ 3,000   Gaithersburg, Maryland, Economic Development Revenue Bonds, Asbury Methodist Obligated Group Project, Refunding Series 2018A, 5.000%, 1/01/36   1/24 at 104.00 BBB $3,287,670
1,290   Howard County, Maryland, Retirement Community Revenue Bonds, Vantage House, Refunding Series 2016, 5.000%, 4/01/46   4/27 at 100.00 N/R 1,298,462
1,710   Howard County, Maryland, Retirement Community Revenue Bonds, Vantage House, Refunding Series 2017, 5.000%, 4/01/36   4/27 at 100.00 N/R 1,741,772
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Charlestown Community Issue, Series 2016A:        
2,125   5.000%, 1/01/36   7/26 at 100.00 A 2,366,485
4,090   5.000%, 1/01/45   7/26 at 100.00 A 4,466,812
2,480   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Ridge Retirement Community, Series 2007, 4.750%, 7/01/34   2/19 at 100.00 A- 2,482,554
1,050   Prince George's County, Maryland, Revenue Bonds, Collington Episcopal Life Care Community Inc., Series 2017, 5.250%, 4/01/37   4/27 at 100.00 N/R 1,103,519
1,000   Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, Refunding Series 2017, 5.000%, 11/01/35   11/24 at 103.00 BB 1,062,740
795   Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, Refunding Series 2017A-2, 5.000%, 11/01/31   11/24 at 103.00 BB 859,840
1,000   Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, Series 2017A-1, 5.000%, 11/01/37   11/24 at 103.00 BB 1,053,800
200   Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Series 2017B, 5.000%, 11/01/47   11/24 at 103.00 BB 206,948
    Washington County County Commissioners, Maryland, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2019B:        
1,000   5.000%, 1/01/29   No Opt. Call BBB+ 1,160,670
500   5.000%, 1/01/32   1/29 at 100.00 BBB+ 568,210
25,510   Total Long-Term Care       27,217,138
    Tax Obligation/General – 17.7% (10.8% of Total Investments)        
1,450   Baltimore, Maryland, Special Obligation Bonds, Center/West Development Project, Series 2017A, 5.500%, 6/01/43   6/26 at 100.00 N/R 1,483,742
1,500   Howard County, Maryland, General Obligation Bonds, Consolidated Public Improvement Project, Refunding Series 2017D, 5.000%, 2/15/23   No Opt. Call AAA 1,693,020
5,240   Huntington Beach Union High School District, Orange County, California, General Obligation Bonds, Series 2005, 0.000%, 8/01/30  –  AGM Insured   No Opt. Call AA 3,703,213
4,060   Maryland State, General Obligation Bonds, State & Local Facilities Loan, Third Series 2009C, 5.000%, 11/01/19   No Opt. Call AAA 4,150,782
3,645   Maryland State, General Obligation Bonds, State and Local Facilities Loan, First Series 2017A, 5.000%, 3/15/23   No Opt. Call AAA 4,123,151
6,000   Maryland State, General Obligation Bonds, State and Local Facilities Loan, Second Series 2014C-2, 5.000%, 8/01/21   No Opt. Call AAA 6,477,420
4,000   Maryland State, General Obligation Bonds, State and Local Facilities Loan, Second Series 2015A-2, 5.000%, 8/01/21   No Opt. Call AAA 4,318,280
1,500   Montgomery County, Maryland, General Obligation Bonds, Consolidated Public Improvement Series 2017A, 5.000%, 11/01/22   No Opt. Call AAA 1,679,610
7


NMY Nuveen Maryland Quality Municipal Income Fund (continued)
  Portfolio of Investments February 28, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$ 3,450   Montgomery County, Maryland, General Obligation Bonds, Refunding Consolidated Public Improvement Series 2009A, 5.000%, 11/01/19   No Opt. Call AAA $3,527,590
3,510   Montgomery County, Maryland, General Obligation Bonds, Refunding Consolidated Public Improvement Series 2017C, 5.000%, 10/01/21   No Opt. Call AAA 3,809,929
4,930   Patterson Joint Unified School District, Stanislaus County, California, General Obligation Bonds, 2008 Election Series 2009B, 0.000%, 8/01/42  –  AGM Insured   No Opt. Call AA 1,995,368
    Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2014A:        
3,000   4.000%, 9/01/30   9/24 at 100.00 AAA 3,241,770
3,000   4.000%, 9/01/31   9/24 at 100.00 AAA 3,216,030
14,985   San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997 Election Series 2012G, 0.000%, 8/01/40  –  AGM Insured   No Opt. Call AA 6,101,892
    Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Second Series 2016:        
1,000   5.000%, 6/01/27   6/26 at 100.00 AAA 1,204,830
2,000   5.000%, 6/01/35   6/26 at 100.00 AAA 2,317,820
2,500   Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Series 2017, 5.000%, 6/15/25   No Opt. Call AAA 2,977,100
7,000   Wylie Independent School District, Collin County, Texas, General Obligation Bonds, Capital Appreciation Series 2015, 0.000%, 8/15/50   8/25 at 35.55 Aaa 1,982,820
72,770   Total Tax Obligation/General       58,004,367
    Tax Obligation/Limited – 30.2% (18.5% of Total Investments)        
1,200   Anne Arundel County, Maryland, Special Tax District Revenue Bonds, Villages of Dorchester & Farmington Village Projects, Series 2013, 5.000%, 7/01/32   7/23 at 100.00 AA 1,328,880
30   Baltimore, Maryland, Revenue Refunding Bonds, Convention Center, Series 1998, 5.000%, 9/01/19  –  NPFG Insured   3/19 at 100.00 Baa2 30,059
    Baltimore, Maryland, Special Obligation Bonds, Consolidated Tax Increment Financing, Series 2015:        
525   5.000%, 6/15/30   6/24 at 100.00 BBB+ 582,010
425   5.000%, 6/15/33   6/24 at 100.00 BBB+ 464,317
    Baltimore, Maryland, Special Obligation Bonds, East Baltimore Research Park Project, Series 2017A:        
1,270   4.500%, 9/01/33   9/27 at 100.00 N/R 1,307,033
240   5.000%, 9/01/38   9/27 at 100.00 N/R 252,893
    Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series 2016:        
1,895   5.000%, 6/01/36   6/26 at 100.00 N/R 1,938,756
250   5.125%, 6/01/43   6/26 at 100.00 N/R 256,595
232   Cofina, Puerto Rico, Series 2007A Senior Bonds Due 2041 National Custodial Trust Taxable Trust Unit, 0.000%, 8/01/41 (6)   No Opt. Call N/R 194,569
8


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$ 705   Cofina, Puerto Rico, Series 2007A Senior Bonds Due 2041 National Custodial Trust Tax-Exempt Trust Unit, 0.000%, 8/01/41 (6)   No Opt. Call N/R $622,065
    Frederick County, Maryland, Lake Linganore Village Community Development Special Obligation Bonds, Series 2001A:        
39   5.600%, 7/01/20  –  RAAI Insured   3/19 at 100.00 AA 39,119
450   5.700%, 7/01/29  –  RAAI Insured   3/19 at 100.00 AA 455,620
    Fredrick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority, Series 2010A:        
5,345   5.000%, 7/01/30   7/20 at 100.00 A- 5,575,156
2,355   5.000%, 7/01/40   7/20 at 100.00 A- 2,429,677
2,000   Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/34   11/25 at 100.00 BB 2,135,880
    Government of Guam, Business Privilege Tax Bonds, Series 2011A:        
500   5.000%, 1/01/31   1/22 at 100.00 BB 519,095
1,000   5.250%, 1/01/36   1/22 at 100.00 BB 1,044,340
    Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A:        
1,000   5.000%, 12/01/23   No Opt. Call BB 1,091,610
2,275   5.000%, 12/01/32   12/26 at 100.00 BB 2,465,372
1,000   5.000%, 12/01/33   12/26 at 100.00 BB 1,081,500
1,000   5.000%, 12/01/36   12/26 at 100.00 BB 1,069,290
1,175   5.000%, 12/01/46   12/26 at 100.00 BB 1,231,976
1,420   Howard County, Maryland, Special Obligation Bonds, Annapolis Junction Town Center Project, Series 2014, 6.100%, 2/15/44   2/24 at 100.00 N/R 1,445,972
    Howard County, Maryland, Special Obligation Bonds, Downtown Columbia Project, Series 2017A:        
1,500   4.125%, 2/15/34, 144A   2/26 at 100.00 N/R 1,494,165
1,550   4.375%, 2/15/39, 144A   2/26 at 100.00 N/R 1,554,092
850   4.500%, 2/15/47, 144A   2/26 at 100.00 N/R 853,502
1,260   Huntington Beach Union High School District, Orange County, California, Certificates of Participation, Capital Project, Series 2007, 0.000%, 9/01/35  –  AGM Insured   No Opt. Call AA 703,622
    Hyattsville, Maryland, Special Obligation Bonds, University Town Center Project, Series 2016:        
2,125   5.000%, 7/01/31   7/25 at 100.00 N/R 2,185,137
1,640   5.000%, 7/01/34   7/25 at 100.00 N/R 1,671,029
    Maryland Economic Development Corporation, Special Obligation Bonds, Metro Centre Owings Mills Project, Series 2017:        
450   4.375%, 7/01/36   1/27 at 100.00 N/R 452,794
355   4.500%, 7/01/44   1/27 at 100.00 N/R 356,842
9


NMY Nuveen Maryland Quality Municipal Income Fund (continued)
  Portfolio of Investments February 28, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Maryland Stadium Authority, Lease Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2016:        
$ 4,395   5.000%, 5/01/33   5/26 at 100.00 AA $5,030,561
3,650   5.000%, 5/01/35   5/26 at 100.00 AA 4,156,145
5,100   5.000%, 5/01/46 (UB) (5)   5/26 at 100.00 AA 5,669,262
    Maryland Stadium Authority, Lease Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2018A:        
2,000   5.000%, 5/01/35   5/28 at 100.00 AA 2,327,800
2,000   5.000%, 5/01/36 (UB) (5)   5/28 at 100.00 AA 2,317,440
6,250   5.000%, 5/01/42 (UB) (5)   5/28 at 100.00 AA 7,097,125
2,000   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2009A, 0.000%, 12/15/32   No Opt. Call A- 1,128,440
320   Prince George's County Revenue Authority, Maryland, Special Obligation Bonds, Suitland-Naylor Road Project, Series 2016, 5.000%, 7/01/46, 144A   1/26 at 100.00 N/R 316,218
4,500   Prince George's County, Maryland, Certificates of Participation, University of Maryland Capital Region Medical Center, Series 2018, 5.000%, 10/01/43 (UB) (5)   10/28 at 100.00 AA+ 5,124,195
5,970   Prince George's County, Maryland, Special Obligation Bonds, National Harbor Project, Series 2005, 5.200%, 7/01/34   3/19 at 100.00 N/R 5,990,298
    Prince George's County, Maryland, Special Obligation Bonds, Westphalia Town Center Project, Series 2018:        
1,300   5.125%, 7/01/39, 144A   7/28 at 100.00 N/R 1,336,985
1,200   5.250%, 7/01/48, 144A   7/28 at 100.00 N/R 1,223,844
2,292   Prince George's County, Maryland, Special Tax District Bonds, Victoria Falls Project, Series 2005, 5.250%, 7/01/35   3/19 at 100.00 N/R 2,307,425
1,100   Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.500%, 7/01/29  –  AMBAC Insured   No Opt. Call C 1,213,674
2,100   Puerto Rico Municipal Finance Agency, Series 2002A, 5.250%, 8/01/21  –  AGM Insured   3/19 at 100.00 AA 2,139,417
1,100   Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 1998A, 5.125%, 6/01/24  –  AMBAC Insured   No Opt. Call Aaa 1,205,688
1,000   Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Bonds, 2019A-1, 4.500%, 7/01/34   7/25 at 100.00 N/R 1,001,250
    Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Refunding Series 2007CC:        
765   5.500%, 7/01/28  –  NPFG Insured   No Opt. Call Baa2 835,518
2,300   5.500%, 7/01/30  –  AGM Insured   No Opt. Call AA 2,615,123
1,500   Virgin Islands Public Finance Authority, Federal Highway Grant Anticipation Loan Note Revenue Bonds, Series 2015, 5.000%, 9/01/33, 144A   9/25 at 100.00 A 1,592,070
2,000   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2006, 5.000%, 10/01/27  –  FGIC Insured   3/19 at 100.00 Baa2 2,023,800
2,240   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Working Capital Series 2014A, 5.000%, 10/01/34  –  AGM Insured, 144A   10/24 at 100.00 AA 2,384,010
1,035   Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien Series 2009A-1, 5.000%, 10/01/29  –  AGM Insured   10/19 at 100.00 AA 1,054,261
10


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$ 2,000   Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien, Refunding Series 2013B, 5.000%, 10/01/24  –  AGM Insured   No Opt. Call AA $ 2,156,100
94,178   Total Tax Obligation/Limited       99,079,616
    Transportation – 10.0% (6.1% of Total Investments)        
85   Baltimore, Maryland, Revenue Refunding Bonds, Parking System Facilities, Series 1998A, 5.250%, 7/01/21  –  FGIC Insured   No Opt. Call A1 88,880
125   Guam International Airport Authority, Revenue Bonds, Series 2013C, 6.375%, 10/01/43 (AMT)   10/23 at 100.00 BBB+ 142,456
    Guam Port Authority, Port Revenue Bonds, Private Activity Series 2018B:        
510   5.000%, 7/01/32 (AMT)   7/28 at 100.00 A 563,591
355   5.000%, 7/01/33 (AMT)   7/28 at 100.00 A 390,230
    Maryland Economic Development Corporation, Parking Facilities Revenue Bonds Baltimore City Project, Subordinate Parking Facilities Revenue Bonds, Series 2018C:        
1,250   4.000%, 6/01/48   6/28 at 100.00 BBB- 1,211,263
1,170   4.000%, 6/01/58   6/28 at 100.00 BBB- 1,086,965
3,725   Maryland Economic Development Corporation, Parking Facilities Revenue Bonds, Baltimore City Project, Senior Parking Facilities Revenue Bonds, Series 2018A, 5.000%, 6/01/58   6/28 at 100.00 BBB 4,019,163
    Maryland Economic Development Corporation, Private Activity Revenue Bonds AP, Purple Line Light Rail Project, Green Bonds, Series 2016D:        
2,000   5.000%, 9/30/28 (AMT)   9/26 at 100.00 BBB+ 2,269,100
1,000   5.000%, 9/30/31 (AMT)   9/26 at 100.00 BBB+ 1,111,640
2,200   5.000%, 3/31/41 (AMT)   9/26 at 100.00 BBB+ 2,361,766
3,625   5.000%, 3/31/46 (AMT)   9/26 at 100.00 BBB+ 3,874,364
2,200   5.000%, 3/31/51 (AMT)   9/26 at 100.00 BBB+ 2,346,894
    Maryland Health and Higher Educational Facilities Authority, Parking Facilities Revenue Bonds, Johns Hopkins Hospital, Series 2001:        
1,300   5.000%, 7/01/27  –  AMBAC Insured   3/19 at 100.00 N/R 1,303,432
1,000   5.000%, 7/01/34  –  AMBAC Insured   3/19 at 100.00 N/R 1,002,540
425   Maryland Health and Higher Educational Facilities Authority, Parking Facilities Revenue Bonds, Johns Hopkins Medical Institutions, Series 1996, 5.500%, 7/01/26  –  AMBAC Insured   3/19 at 100.00 N/R 425,774
    New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc. John F Kennedy International Airport Project, Refunding Series 2016:        
175   5.000%, 8/01/26 (AMT)   8/21 at 100.00 BB 183,339
680   5.000%, 8/01/31 (AMT)   8/21 at 100.00 BB 705,425
3,000   New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A, 5.000%, 7/01/46 (AMT)   7/24 at 100.00 BBB 3,177,600
    Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC, Sixth Series 1997:        
15   5.750%, 12/01/22  –  NPFG Insured (AMT)   3/19 at 100.00 BBB+ 15,564
70   5.750%, 12/01/25  –  NPFG Insured (AMT)   3/19 at 100.00 BBB+ 72,638
11


NMY Nuveen Maryland Quality Municipal Income Fund (continued)
  Portfolio of Investments February 28, 2019
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
$ 1,000   Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Refunding Crossover Series 2017A-2, 5.000%, 7/01/33   7/27 at 100.00 AA- $1,176,160
    Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2017B:        
1,500   5.000%, 7/01/29   7/27 at 100.00 AA- 1,807,125
2,000   5.000%, 7/01/42   7/27 at 100.00 AA- 2,273,840
1,000   Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2018, 5.000%, 7/01/38   7/27 at 100.00 AA- 1,149,290
30,410   Total Transportation       32,759,039
    U.S. Guaranteed – 12.2% (7.5% of Total Investments) (7)        
    Baltimore, Maryland, General Obligation Bonds, Consolidated Public Improvements, Series 2011A:        
1,000   5.000%, 10/15/29 (Pre-refunded 10/15/21)   10/21 at 100.00 AA 1,086,680
1,200   5.000%, 10/15/30 (Pre-refunded 10/15/21)   10/21 at 100.00 AA 1,304,016
2,000   Baltimore, Maryland, Revenue Bonds, Water Projects, Refunding Series 1994A, 5.000%, 7/01/24  –  FGIC Insured (ETM)   No Opt. Call AA- 2,244,520
3,120   Baltimore, Maryland, Revenue Bonds, Water Projects, Refunding Series 1998A, 5.000%, 7/01/28  –  FGIC Insured (ETM)   No Opt. Call AA 3,588,780
5,895   Maryland Economic Development Corporation, Economic Development Revenue Bonds, Transportation Facilities Project, Series 2010A, 5.750%, 6/01/35 (Pre-refunded 6/01/20)   6/20 at 100.00 N/R 6,192,933
2,445   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds Doctors Community Hospital, Refunding Series 2010, 5.750%, 7/01/38 (Pre-refunded 7/01/20)   7/20 at 100.00 N/R 2,576,786
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Charlestown Community Issue, Series 2010:        
1,695   6.125%, 1/01/30 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 1,828,210
5,070   6.250%, 1/01/45 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 5,479,808
3,050   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Helix Health, Series 1997, 5.000%, 7/01/27  –  AMBAC Insured (ETM)   No Opt. Call N/R 3,488,316
4,450   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins Health System Obligated Group Issue, Series 2010, 5.000%, 5/15/40 (Pre-refunded 5/15/20)   5/20 at 100.00 AA- 4,627,510
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health System, Series 2011:        
500   5.750%, 7/01/31 (Pre-refunded 7/01/21)   7/21 at 100.00 A+ 545,360
1,000   6.000%, 7/01/41 (Pre-refunded 7/01/21)   7/21 at 100.00 A+ 1,096,390
4,155   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System, Series 2010, 5.125%, 7/01/39 (Pre-refunded 7/01/19)   7/19 at 100.00 A 4,202,159
1,610   Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2003AA, 5.500%, 7/01/19  –  NPFG Insured (ETM)   No Opt. Call Baa2 1,629,948
37,190   Total U.S. Guaranteed       39,891,416
12


Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities – 1.6% (1.0% of Total Investments)        
$ 2,000   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 4.375%, 1/01/35 (Mandatory Put 7/01/22) (4)   No Opt. Call N/R $2,000,000
1,250   Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/30  –  AGM Insured   10/22 at 100.00 AA 1,365,100
    Guam Power Authority, Revenue Bonds, Series 2014A:        
600   5.000%, 10/01/39   10/24 at 100.00 AA 654,108
575   5.000%, 10/01/44   10/24 at 100.00 AA 624,542
730   Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding Series 2007A, 5.000%, 7/01/24   3/19 at 100.00 Caa2 677,075
5,155   Total Utilities       5,320,825
    Water and Sewer – 7.6% (4.6% of Total Investments)        
2,480   Baltimore, Maryland, Project and Revenue Refunding Bonds, Water Projects, Series 2013B, 5.000%, 7/01/38   1/24 at 100.00 AA- 2,773,111
2,000   Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Series 2011A, 5.000%, 7/01/41   7/21 at 100.00 AA 2,122,600
    Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Subordinate Series 2017A:        
2,000   5.000%, 4/05/19   1/27 at 100.00 AA- 2,245,640
2,000   5.000%, 7/01/46 (UB)   1/27 at 100.00 AA- 2,245,640
640   Baltimore, Maryland, Revenue Bonds, Water Projects, Refunding Series 1994A, 5.000%, 7/01/24  –  FGIC Insured   No Opt. Call AA- 679,110
2,500   Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2014A, 5.000%, 7/01/44   1/25 at 100.00 A+ 2,762,325
6,000   Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2017A, 5.000%, 7/01/41 (UB)   1/27 at 100.00 AA- 6,777,720
1,300   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2014A, 5.000%, 7/01/35   7/24 at 100.00 A- 1,385,826
1,240   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/40   7/27 at 100.00 A- 1,338,072
2,030   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.500%, 7/01/43   7/23 at 100.00 A- 2,172,689
245   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 7/01/27   7/26 at 100.00 A- 278,222
22,435   Total Water and Sewer       24,780,955
$ 533,678   Total Long-Term Investments (cost $518,658,594)       535,228,127
    Floating Rate Obligations – (8.7)%       (28,405,000)
    Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering costs – (55.4)% (8)       (181,804,283)
    Other Assets Less Liabilities – 0.9%       2,915,513
    Net Asset Applicable to Common Shares – 100%       $ 327,934,357
13


NMY Nuveen Maryland Quality Municipal Income Fund (continued)
  Portfolio of Investments February 28, 2019
  (Unaudited)
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.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $535,228,127 $ — $535,228,127
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 February 28, 2019.
Tax cost of investments $489,898,457
Gross unrealized:  
Appreciation $ 18,557,135
Depreciation (1,632,436)
Net unrealized appreciation (depreciation) of investments $ 16,924,699
14


(1) All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) 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.  
(5) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(6) Effective February 12, 2019, the par value of the original bonds was replaced with taxable and tax exempt Puerto Rico Sales Tax Financing Corporation (commonly known as COFINA) bond units that are collateralized by a bundle of zero and coupon paying bonds. The quantity shown represents units in a trust, which were assigned according to the original bond’s accreted value. These securities do not have a stated coupon interest rate and income will be recognized through accretion of the discount associated with the trust units. The factor at which these units accrete can also decrease, primarily for principal payments generated from coupon payments received or dispositions of the underlying bond collateral. The quantity of units will not change as a result of these principal payments.  
(7) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(8) Adjustable Rate MuniFund Term Preferred Shares, net of deferred offering cost as a percentage of Total Investments is 34.0%.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
ETM Escrowed to maturity  
UB Underlying bond of an inverse floating rate trust reflected as a financing transaction.  
15


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 Maryland Quality Municipal Income Fund   
By (Signature and Title)    /s/ Gifford R. Zimmerman                                                       
   Gifford R. Zimmerman   
   Vice President and Secretary   

Date: April 29, 2019

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: April 29, 2019      
By (Signature and Title)    /s/ E. Scott Wickerham                                                            
   E. Scott Wickerham   
   Vice President and Controller (principal financial officer)   
Date: April 29, 2019