Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)

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

---