Edgar Filing: Nuveen Intermediate Duration Quality Municipal Term Fund

nq2.htm

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 811-22779

Nuveen Intermediate Duration Quality Municipal Term 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)

Kevin J. McCarthy

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: 5/31

Date of reporting period: 2/29/16

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

	Portfolio of Investments

	Nuveen Intermediate Duration Quality Municipal Term Fund (NIQ)
	February 29, 2016 (Unaudited)


Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value

	LONG-TERM INVESTMENTS – 126.9% (99.0% of Total Investments)

	MUNICIPAL BONDS – 126.9% (99.0% of Total Investments)

	Alabama – 3.3% (2.6% of Total Investments)
$ 2,000	Alabama Federal Aid Highway Finance Authority, Federal Highway Grant Anticipation Revenue	9/22 at 100.00	AA	$ 3,668,699
	Bonds, Tender Option Bond Trust 2013-2W, 22.453%, 9/01/26 (IF) (4)
2,500	Jefferson County, Alabama, General Obligation Refunding Warrants, Series 2003A, 5.000%,	5/16 at 100.00	AA–	2,501,200
	4/01/22 – NPFG Insured
4,500	Total Alabama			6,169,899

	Arizona – 2.1% (1.7% of Total Investments)
405	Arizona Health Facilities Authority, Health Care Facilities Revenue Bonds, The Beatitudes	10/16 at 100.00	N/R	407,017
	Campus Project, Series 2006, 5.100%, 10/01/22
	Arizona Health Facilities Authority, Hospital Revenue Bonds, Phoenix Children’s Hospital,
	Series 2013D:
965	5.000%, 2/01/24	2/23 at 100.00	BBB+	1,139,511
1,065	5.000%, 2/01/26	2/23 at 100.00	BBB+	1,230,927
1,000	University Medical Center Corporation, Tucson, Arizona, Hospital Revenue Bonds, Series 2011,	No Opt. Call	N/R (5)	1,136,500
	5.000%, 7/01/19 (ETM)
3,435	Total Arizona			3,913,955
	California – 15.0% (11.7% of Total Investments)
3,000	Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Senior Lien	10/23 at 100.00	AA	3,622,500
	Series 2013A, 5.000%, 10/01/27 – AGM Insured
	California Municipal Finance Authority, Revenue Bonds, Biola University, Series 2013:
560	5.000%, 10/01/19	No Opt. Call	Baa1	626,870
415	5.000%, 10/01/21	No Opt. Call	Baa1	482,898
1,930	California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda	12/24 at 100.00	BB+	2,151,120
	University Medical Center, Series 2014A, 5.250%, 12/01/34
3,000	Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed	6/17 at 100.00	B–	2,847,420
	Bonds, Series 2007A-1, 5.000%, 6/01/33
	Hesperia Public Financing Authority, California, Redevelopment and Housing Projects Tax
	Allocation Bonds, Series 2007A:
915	5.500%, 9/01/17 – SYNCORA GTY Insured	No Opt. Call	N/R	964,968
660	5.500%, 9/01/27 – SYNCORA GTY Insured	No Opt. Call	N/R	699,560
1,265	Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Rancho	No Opt. Call	A–	1,409,096
	Vallecitos Mobile Home Park, Series 2013, 4.500%, 4/15/23
	Inland Empire Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed
	Bonds, Series 2007:
1,345	5.000%, 6/01/21	6/17 at 100.00	CC	1,354,724
1,075	4.625%, 6/01/21	6/17 at 100.00	CC	1,079,203
	Jurupa Community Services District, California, Special Tax Bonds, Community Facilities
	District 31 Eastvale Area, Series 2013:
150	4.000%, 9/01/25	9/22 at 100.00	N/R	162,743
305	4.000%, 9/01/26	9/22 at 100.00	N/R	328,949
250	4.000%, 9/01/27	9/22 at 100.00	N/R	268,190
670	Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010,	11/20 at 100.00	Ba1	726,716
	5.250%, 11/01/21
1,800	Patterson Public Financing Authority, California, Revenue Bonds, Community Facilities District	No Opt. Call	N/R	2,047,392
	2001-1, Senior Series 2013A, 5.000%, 9/01/22
185	Riverside County Redevelopment Agency, California, Tax Allocation Housing Bonds, Series 2011A,	No Opt. Call	A	174,311
	0.000%, 10/01/26
200	San Bernardino County Financing Authority, California, Revenue Bonds, Courthouse Facilities	No Opt. Call	N/R	202,766
	Project, Series 2007, 5.100%, 6/01/17
340	San Diego, California, Community Facilities District 3 Liberty Station Special Tax Refunding	No Opt. Call	N/R	359,288
	Bonds Series 2013, 5.000%, 9/01/17
2,000	San Francisco Airports Commission, California, Revenue Bonds, San Francisco International	No Opt. Call	A+	2,556,840
	Airport, Second Series 2016A, 5.000%, 5/01/26
1,080	San Jose Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment	5/16 at 100.00	AA–	1,084,428
	Project, Series 2005A, 5.000%, 8/01/17 – NPFG Insured
955	Vernon, California, Electric System Revenue Bonds, Series 2009A, 5.125%, 8/01/21	8/19 at 100.00	N/R (5)	1,050,128
	(Pre-refunded 8/01/19)
2,160	Vernon, California, Electric System Revenue Bonds, Series 2009A, 5.125%, 8/01/21	8/19 at 100.00	A–	2,399,306
925	Washington Township Health Care District, California, Revenue Bonds, Series 2009A,	7/19 at 100.00	Baa1	1,047,590
	6.000%, 7/01/29
25,185	Total California			27,647,006
	Colorado – 3.8% (3.0% of Total Investments)
	Colorado Educational and Cultural Facilities Authority, Charter School Refunding Revenue
	Bonds, Pinnacle Charter School, Inc. K-8 Facility Project, Series 2013:
280	4.000%, 6/01/18	No Opt. Call	A	295,515
310	4.000%, 6/01/20	No Opt. Call	A	337,544
250	5.000%, 6/01/21	No Opt. Call	A	288,853
	Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
	Revenue Bonds, Tender Option Bond Trust 3316:
100	22.846%, 9/01/22 (IF) (4)	No Opt. Call	Aa2	223,235
300	22.846%, 3/01/23 (IF) (4)	No Opt. Call	Aa2	685,380
430	22.795%, 3/01/24 (IF) (4)	No Opt. Call	Aa2	989,972
725	22.846%, 3/01/25 (IF) (4)	No Opt. Call	Aa2	1,652,094
200	22.846%, 9/01/25 (IF) (4)	No Opt. Call	Aa2	450,440
200	Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel,	11/16 at 100.00	BBB–	202,534
	Senior Lien Series 2006, 4.500%, 12/01/25 – SYNCORA GTY Insured
350	E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%,	No Opt. Call	AA–	315,935
	9/01/21 – NPFG Insured
1,535	Lincoln Park Metropolitan District, Douglas County, Colorado, General Obligation Refunding and	12/17 at 100.00	N/R (5)	1,664,631
	Improvement Bonds, Series 2008, 5.625%, 12/01/20 (Pre-refunded 12/01/17)
4,680	Total Colorado			7,106,133
	Florida – 9.1% (7.1% of Total Investments)
	Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing Project,
	Series 2013A:
420	5.000%, 11/15/20	No Opt. Call	BBB	470,841
150	5.000%, 11/15/23	No Opt. Call	BBB	173,148
515	Belmont Community Development District, Florida, Capital Improvement Revenue Bonds, Phase 1	No Opt. Call	N/R	539,117
	Project, Series 2013A, 5.500%, 11/01/23
1,270	Broward County, Florida, Fuel System Revenue Bonds, Fort Lauderdale Fuel Facilities LLC	No Opt. Call	AA	1,515,580
	Project, Series 2013A, 5.000%, 4/01/23 – AGM Insured (Alternative Minimum Tax)
455	Capital Trust Agency, Florida, Fixed Rate Air Cargo Revenue Refunding Bonds, Aero Miami FX,	7/20 at 100.00	Baa3	495,914
	LLC Project, Series 2010A, 5.350%, 7/01/29
2,000	Collier County Educational Facilities Authority, Florida, Revenue Bonds, Ave Maria University,	No Opt. Call	BBB–	2,130,800
	Refunding Series 2013A, 4.500%, 6/01/23
1,000	Florida Mid-Bay Bridge Authority, Revenue Bonds, 1st Senior Lien Series 2015A, 5.000%, 10/01/23	No Opt. Call	BBB+	1,183,190
2,960	Florida Municipal Power Agency, Revenue Bonds, Saint Lucie Project, Refunding Series 2012A,	No Opt. Call	A2	3,493,570
	5.000%, 10/01/26
	Martin County Industrial Development Authority, Florida, Industrial Development Revenue
	Refunding Bonds, Indiantown Cogeneration LP, Series 2013:
2,535	3.950%, 12/15/21 (Alternative Minimum Tax)	6/20 at 100.00	Ba1	2,641,673
500	4.200%, 12/15/25 (Alternative Minimum Tax)	6/20 at 100.00	Ba1	511,815
1,400	Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Jupiter Medical Center,	No Opt. Call	BBB+	1,618,456
	Series 2013A, 5.000%, 11/01/22
250	Seminole Tribe of Florida, Special Obligation Bonds, Series 2007A, 144A, 5.750%, 10/01/22	10/17 at 100.00	BBB–	262,093
305	Southeast Overtown/Park West Community Redevelopment Agency, Florida, Tax Increment Revenue	No Opt. Call	BBB+	353,260
	Bonds, Series 2014A-1, 5.000%, 3/01/24
1,370	Verandah West Community Development District, Florida, Capital Improvement Revenue Bonds,	No Opt. Call	N/R	1,374,905
	Refunding Series 2013, 4.000%, 5/01/23
15,130	Total Florida			16,764,362
	Georgia – 3.5% (2.7% of Total Investments)
1,025	Atlanta, Georgia, Tax Allocation Bonds, Perry Bolton Project Series 2014, 4.000%, 7/01/22	No Opt. Call	A–	1,131,047
560	Atlanta, Georgia, Tax Allocation Bonds, Princeton Lakes Project, Series 2006, 5.500%, 1/01/31	5/16 at 100.00	BBB–	560,599
2,000	East Point Building Authority, Georgia, Revenue Bonds, Water & Sewer Project Series 2006A,	5/16 at 100.00	N/R	2,002,420
	5.000%, 2/01/34 – SYNCORA GTY Insured
2,000	Fulton County Development Authority, Georgia, Revenue Bonds, Robert W. Woodruff Arts	No Opt. Call	A2 (5)	2,004,300
	Center, Inc. Project, Refunding Series 2009B, 5.000%, 3/15/16 (ETM)
897	Liberty County Industrial Authority, Georgia, Revenue Bonds, Series 2012A-2, 3.930%, 7/01/26	5/16 at 100.00	N/R	781,586
6,482	Total Georgia			6,479,952
	Idaho – 0.5% (0.4% of Total Investments)
1,000	Madison County, Idaho, Hospital Revenue Certificates of Participation, Madison Memorial	9/16 at 100.00	BB+	1,012,290
	Hospital, Series 2006, 5.250%, 9/01/20
	Illinois – 12.6% (9.8% of Total Investments)
2,500	Cook County, Illinois, General Obligation Bonds, Tender Option Bond Trust 2015-XF1007,	11/22 at 100.00	AA	3,638,099
	17.229%, 11/15/25 (IF) (4)
990	Hillside, Cook County, Illinois, Tax Increment Revenue Bonds, Mannheim Redevelopment Project,	1/18 at 102.00	N/R	1,059,082
	Senior Lien Series 2008, 6.550%, 1/01/20
1,790	Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series	No Opt. Call	AA–	2,051,680
	2014A, 5.000%, 12/01/19
1,000	Illinois Finance Authority, Charter School Revenue Bonds, Chicago Charter School Foundation,	12/16 at 100.00	BBB	1,012,530
	Series 2007, 5.000%, 12/01/26
1,385	Illinois Finance Authority, Revenue Bonds, Friendship Village of Schaumburg, Series 2005A,	5/16 at 100.00	BB–	1,385,374
	5.375%, 2/15/25
2,680	Illinois Finance Authority, Revenue Bonds, Illinois Institute of Technology, Refunding Series	4/16 at 100.00	Baa3	2,681,662
	2006A, 5.000%, 4/01/24
195	Illinois Finance Authority, Revenue Bonds, Montgomery Place Project, Series 2006A,	5/17 at 100.00	N/R	197,443
	5.500%, 5/15/26
4,000	Illinois Municipal Electric Agency, Power Supply System Revenue Bonds, Refunding Series 2015A,	No Opt. Call	A1	4,825,719
	5.000%, 2/01/27
5,000	Illinois State, General Obligation Bonds, Series 2013, 5.000%, 7/01/23	No Opt. Call	A–	5,619,296
1,000	Southwestern Illinois Development Authority, Local Government Revenue Bonds, Edwardsville	No Opt. Call	AA	844,120
	Community Unit School District 7 Project, Series 2007, 0.000%, 12/01/22 – AGM Insured
20,540	Total Illinois			23,315,005
	Indiana – 2.3% (1.8% of Total Investments)
1,180	Indiana Finance Authority, Educational Facilities Revenue Bonds, 21st Century Charter School	3/23 at 100.00	B+	1,162,713
	Project, Series 2013A, 6.000%, 3/01/33
1,500	Indiana Finance Authority, Lease Appropriation Bonds, Stadium Project, Refunding Series 2015A,	No Opt. Call	AA+	1,864,725
	5.000%, 2/01/25
1,145	Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing	1/17 at 100.00	BBB+	1,183,678
	Project, Series 2013B, 5.000%, 1/01/19 (Alternative Minimum Tax)
3,825	Total Indiana			4,211,116
	Iowa – 2.8% (2.2% of Total Investments)
1,000	Iowa Finance Authority, Health Facility Revenue Bonds, Care Initiatives Project, Series 2006A,	7/16 at 100.00	BB+	1,008,640
	5.500%, 7/01/25
2,000	Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company	No Opt. Call	BB–	2,084,220
	Project, Series 2013, 5.000%, 12/01/19
2,000	Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B,	6/17 at 100.00	B+	2,001,720
	5.600%, 6/01/34
5,000	Total Iowa			5,094,580
	Kentucky – 2.1% (1.6% of Total Investments)
	Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds,
	Louisville Arena Authority, Inc., Series 2008-A1:
1,320	5.750%, 12/01/28 – AGC Insured	6/18 at 100.00	AA	1,426,907
115	6.000%, 12/01/33 – AGC Insured	6/18 at 100.00	AA	124,992
3,000	Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,	No Opt. Call	Baa3	2,331,510
	Downtown Crossing Project, Capital Appreciation Series 2013B, 0.000%, 7/01/23
4,435	Total Kentucky			3,883,409
	Louisiana – 0.9% (0.7% of Total Investments)
500	Louisiana Local Government Environmental Facilities & Community Development Authority,	11/17 at 100.00	BBB+	537,725
	Revenue Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32
1,000	New Orleans, Louisiana, Water Revenue Bonds, Refunding Series 2014, 5.000%, 12/01/22	No Opt. Call	A–	1,197,850
1,500	Total Louisiana			1,735,575
	Maine – 2.4% (1.9% of Total Investments)
1,000	Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical	7/23 at 100.00	BBB	1,100,030
	Center Obligated Group Issue, Series 2013, 5.000%, 7/01/33
	Maine Turnpike Authority, Special Obligation Bonds, Series 2014:
620	5.000%, 7/01/25	No Opt. Call	A	756,350
340	5.000%, 7/01/27	No Opt. Call	A	406,868
1,850	5.000%, 7/01/29	No Opt. Call	A	2,188,495
3,810	Total Maine			4,451,743
	Maryland – 1.0% (0.7% of Total Investments)
	Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick Memorial
	Hospital Issue, Series 2012A:
195	5.000%, 7/01/20	No Opt. Call	Baa1	221,933
275	5.000%, 7/01/22	No Opt. Call	Baa1	324,244
1,000	Prince George’s County, Maryland, General Obligation Consolidated Public Improvement Bonds,	No Opt. Call	AAA	1,215,250
	Series 2011A, 5.000%, 9/15/22
1,470	Total Maryland			1,761,427
	Massachusetts – 1.9% (1.5% of Total Investments)
250	Massachusetts Development Finance Agency, First Mortgage Revenue Bonds, Brookhaven at	5/16 at 100.00	AA	250,678
	Lexington Project, Series 2005A, 5.000%, 3/01/35 – RAAI Insured
1,000	Massachusetts Development Finance Agency, Resource Recovery Revenue Bonds, Covanta Energy	No Opt. Call	BB+	1,003,900
	Project, Series 2012A, 4.875%, 11/01/27 (Alternative Minimum Tax)
420	Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue,	7/22 at 100.00	BBB	470,333
	Series 2012C, 5.000%, 7/01/29
	Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue,
	Series 2012C:
80	5.000%, 7/01/29 (Pre-refunded 7/01/22)	7/22 at 100.00	N/R (5)	98,038
500	5.000%, 7/01/29 (Pre-refunded 7/01/22)	7/22 at 100.00	Baa2 (5)	612,735
	Massachusetts Port Authority, Special Facilities Revenue Bonds, Delta Air Lines Inc.,
	Series 2001A:
140	5.000%, 1/01/21 – AMBAC Insured	5/16 at 100.00	N/R	140,367
1,000	5.000%, 1/01/27 – AMBAC Insured (Alternative Minimum Tax)	7/16 at 100.00	N/R	1,003,100
3,390	Total Massachusetts			3,579,151
	Michigan – 7.7% (6.0% of Total Investments)
1,000	Detroit City School District, Wayne County, Michigan, General Obligation Bonds, Tender Option	No Opt. Call	Aa1	2,079,450
	Bond Trust 3308, 23.015%, 11/01/26 – AGM Insured (IF) (4)
62	Detroit, Michigan, General Obligation Bonds, Series 2005A, 5.000%, 4/01/25 – AGM Insured	4/16 at 100.00	AA	62,136
	Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B:
50	5.000%, 7/01/33 – NPFG Insured	7/16 at 100.00	AA–	50,379
60	5.000%, 7/01/33 – FGIC Insured	7/16 at 100.00	AA–	60,455
1,260	5.000%, 7/01/36 – MBIA-NPFG Insured	7/16 at 100.00	AA–	1,269,513
5	Detroit, Michigan, Water Supply System Second Lien Revenue Bonds, Series 2003B, 5.000%,	5/16 at 100.00	AA–	5,017
	7/01/34 – NPFG Insured
250	Detroit, Michigan, Water Supply System Second Lien Revenue Bonds, Series 2006A, 5.000%,	7/16 at 100.00	AA	251,955
	7/01/34 – AGM Insured
290	Detroit, Michigan, Water Supply System Second Lien Revenue Refunding Bonds, Series 2006C,	No Opt. Call	AA	292,279
	5.000%, 7/01/33 – AGM Insured
440	Detroit, Michigan, Water Supply System Senior Lien Revenue Bonds, Series 2003D. RMKTD,	No Opt. Call	AA–	443,335
	5.000%, 7/01/33 – NPFG Insured
10	Detroit, Michigan, Water Supply System Senior Lien Revenue Refunding Bonds, Series 2006D,	7/16 at 100.00	AA	10,079
	5.000%, 7/01/32 – AGM Insured
730	Flint Hospital Building Authority, Michigan, Building Authority Revenue Bonds, Hurley Medical	No Opt. Call	BBB–	764,164
	Center, Series 2013A, 5.000%, 7/01/23
338	Michigan Finance Authority, Detroit, Michigan, Local Government Loan Program, Unlimited Tax	4/16 at 100.00	AA	338,740
	General Obligation Bonds, Series 2014G-8A, 5.000%, 4/01/25 – AGM Insured
2,020	Michigan Finance Authority, Hospital Revenue Bonds, Crittenton Hospital Medical Center,	6/22 at 100.00	N/R (5)	2,356,714
	Refunding Series 2012A, 4.125%, 6/01/32 (Pre-refunded 6/01/22)
3,000	Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &	No Opt. Call	AA	3,606,960
	Sewerage Department Water Supply System Local Project, Refunding Senior Loan Series
	2014D-1, 5.000%, 7/01/23 – AGM Insured
190	Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Old	No Opt. Call	BB	195,407
	Redford Academy Project, Series 2010A, 5.250%, 12/01/20
1,405	Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Tender Option Bond	No Opt. Call	AA–	2,406,442
	Trust 2015-XF0126, 22.219%, 12/01/18 (IF) (4)
11,110	Total Michigan			14,193,025
	Minnesota – 1.5% (1.2% of Total Investments)
750	Rochester, Minnesota, Health Care Facilities Revenue Bonds, Olmsted Medical Center Project,	No Opt. Call	A–	861,390
	Series 2013, 5.000%, 7/01/20
	Saint Paul Housing and Redevelopment Authority, Minnesota, Lease Revenue Bonds, Saint Paul
	Conservatory for Performing Artists Charter School Project, Series 2013A:
205	3.550%, 3/01/21	No Opt. Call	BBB–	209,231
100	3.700%, 3/01/22	No Opt. Call	BBB–	102,596
	Sauk Rapids, Minnesota, Health Care and Housing Facilities Revenue Bonds, Good Shepherd
	Lutheran Home, Refunding Series 2013:
610	5.000%, 1/01/17	No Opt. Call	N/R	623,945
500	5.000%, 1/01/18	No Opt. Call	N/R	522,495
500	5.000%, 1/01/19	No Opt. Call	N/R	530,785
2,665	Total Minnesota			2,850,442
	Mississippi – 2.6% (2.0% of Total Investments)
	Mississippi Development Bank Special Obligation Bonds, Marshall County Industrial Development
	Authority, Mississippi Highway Construction Project, Tender Option Bond Trust 3315:
800	22.846%, 1/01/20 (IF) (4)	No Opt. Call	AA–	1,530,680
1,000	22.846%, 1/01/20 (IF) (4)	No Opt. Call	AA–	1,870,800
200	22.846%, 1/01/20 (IF) (4)	No Opt. Call	AA–	366,320
1,000	Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, South Central Regional	12/16 at 100.00	BBB	1,025,950
	Medical Center, Refunding & Improvement Series 2006, 5.250%, 12/01/21
3,000	Total Mississippi			4,793,750
	Missouri – 2.8% (2.2% of Total Investments)
500	Franklin County Industrial Development Authority, Missouri, Sales Tax Refunding Revenue Bonds,	11/20 at 100.00	N/R	520,180
	Phoenix Center II Community Improvement District Project, Series 2013A, 4.000%, 11/01/25
1,000	Kansas City Tax Increment Financing Commission, Missouri, Tax Increment Revenue Bonds,	6/16 at 100.00	N/R	1,004,930
	Briarcliff West Project, Series 2006A, 5.400%, 6/01/24
3,000	Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point	No Opt. Call	A	3,621,480
	Project, Refunding Series 2014A, 5.000%, 1/01/23
4,500	Total Missouri			5,146,590
	Nebraska – 1.8% (1.4% of Total Investments)
3,000	Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012,	9/22 at 100.00	A	3,341,160
	5.000%, 9/01/32
	New Jersey – 6.7% (5.2% of Total Investments)
615	New Jersey Economic Development Authority, Charter School Revenue Bonds, Lady Liberty	No Opt. Call	B	516,668
	Academy Charter School Project, Series 2013A, 5.150%, 8/01/23
	New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds, Series 2012:
2,000	5.000%, 6/15/24	6/22 at 100.00	BBB+	2,189,460
1,000	5.000%, 6/15/28	No Opt. Call	BBB+	1,070,820
	New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge
	Replacement Project, Series 2013:
860	5.000%, 1/01/21 (Alternative Minimum Tax)	No Opt. Call	BBB	975,859
500	5.000%, 1/01/22 (Alternative Minimum Tax)	No Opt. Call	BBB	574,530
500	5.000%, 7/01/22 (Alternative Minimum Tax)	No Opt. Call	BBB	577,660
620	5.000%, 1/01/23 (Alternative Minimum Tax)	No Opt. Call	BBB	713,285
1,000	New Jersey Economic Development Authority, School Facilities Construction Financing Program	3/25 at 100.00	A–	481,450
	Bonds, Tender Option Bond Trust 1151, 2.712%, 9/01/25 (IF) (4)
1,000	New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental	9/22 at 101.00	BB–	1,098,220
	Airlines Inc., Series 1999, 5.250%, 9/15/29 (Alternative Minimum Tax)
1,045	New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters	7/18 at 100.00	BB+	1,096,957
	University Hospital, Series 2007, 5.250%, 7/01/21
195	New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph’s	No Opt. Call	BBB–	204,255
	Healthcare System Obligated Group Issue, Series 2008, 6.000%, 7/01/18
3,000	Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,	6/17 at 100.00	B	2,873,490
	Series 2007-1A, 5.000%, 6/01/29
12,335	Total New Jersey			12,372,654
	New York – 4.9% (3.9% of Total Investments)
495	Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds,	7/25 at 100.00	BBB+	580,155
	Catholic Health System, Inc. Project, Series 2015, 5.000%, 7/01/29
500	Buffalo and Fort Erie Public Bridge Authority, New York, Toll Bridge System Revenue Bonds,	No Opt. Call	A+	538,825
	Refunding Series 2014, 5.000%, 1/01/18
	New York City Industrial Development Agency, New York, American Airlines-JFK International
	Airport Special Facility Revenue Bonds, Series 2005:
385	7.500%, 8/01/16 (Alternative Minimum Tax)	No Opt. Call	N/R	395,145
2,000	7.625%, 8/01/25 (Alternative Minimum Tax)	8/16 at 101.00	N/R	2,071,840
	New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Vaughn
	College of Aeronautics, Series 2006A:
100	5.000%, 12/01/16	No Opt. Call	BB–	101,727
1,800	5.000%, 12/01/21	12/16 at 100.00	BB–	1,845,468
65	New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Vaughn	No Opt. Call	BB–	66,123
	College of Aeronautics, Series 2006B, 5.000%, 12/01/16
2,000	New York Convention Center Development Corporation, New York, Hotel Unit Fee Secured Revenue	No Opt. Call	Aa3	2,527,660
	Bonds, Refunding Series 2015, 5.000%, 11/15/25
1,000	Suffolk County Industrial Development Agency, New York, Continuing Care Retirement Community	11/16 at 100.00	BBB–	1,016,170
	Revenue Bonds, Jefferson’s Ferry Project, Series 2006, 5.000%, 11/01/28
8,345	Total New York			9,143,113
	North Carolina – 0.9% (0.7% of Total Investments)
1,040	North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series	No Opt. Call	AAA	1,142,440
	1993B, 6.000%, 1/01/18 – AMBAC Insured (ETM)
400	North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Series 2009A,	No Opt. Call	AA	435,460
	5.250%, 1/01/25 – AGC Insured
1,440	Total North Carolina			1,577,900
	Ohio – 4.9% (3.8% of Total Investments)
3,500	Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue	6/17 at 100.00	B–	3,208,800
	Bonds, Senior Lien, Series 2007A-2, 5.875%, 6/01/30
2,000	Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Ohio Valley Electric Corporation	No Opt. Call	BBB–	2,242,080
	Project, Series 2009E, 5.625%, 10/01/19
1,150	Ohio State Treasurer, Tax-Exempt Private Activity Bonds, Portsmouth Gateway Group, LLC –	6/25 at 100.00	AA	1,352,412
	Borrower, Portsmouth Bypass Project, Series 2015, 5.000%, 12/31/27 – AGM Insured
	(Alternative Minimum Tax)
2,000	Ross County, Ohio, Hospital Revenue Refunding Bonds, Adena Health System Series 2008,	12/18 at 100.00	A–	2,232,060
	5.750%, 12/01/28
8,650	Total Ohio			9,035,352
	Oregon – 0.6% (0.5% of Total Investments)
965	Astoria Hospital Facilities Authority, Oregon, Hospital Revenue and Refunding Bonds, Columbia	No Opt. Call	BBB–	1,109,933
	Memorial Hospital, Series 2012, 5.000%, 8/01/22
	Pennsylvania – 4.2% (3.3% of Total Investments)
90	East Hempfield Township Industrial Development Authority, Pennsylvania, Student Services Inc –	No Opt. Call	BBB–	95,014
	Student Housing Project at Millersville University, Series 2013, 4.000%, 7/01/19
	Erie Higher Education Building Authority, Pennsylvania, Revenue Bonds, Gannon University
	Project, Series 2013:
465	4.000%, 5/01/20	No Opt. Call	BBB	511,644
480	4.000%, 5/01/21	No Opt. Call	BBB	534,182
500	4.000%, 5/01/22	No Opt. Call	BBB	559,630
520	4.000%, 5/01/23	No Opt. Call	BBB	585,822
2,190	Erie Sewer Authority, Erie County, Pennsylvania, Sewer Revenue Bonds, Series 2012A, 5.000%,	No Opt. Call	AA	2,584,419
	6/01/21 – AGM Insured
1,700	Pennsylvania Economic Development Financing Authority, Private Activity Revenue Bonds,	6/26 at 100.00	BBB	1,962,599
	Pennsylvania Rapid Bridge Replacement Project, Series 2015, 5.000%, 6/30/28
	(Alternative Minimum Tax)
	Southcentral Pennsylvania General Authority, Revenue Bonds, Hanover Hospital Inc., Series 2013:
370	5.000%, 12/01/20	No Opt. Call	BBB	423,387
435	5.000%, 12/01/21	No Opt. Call	BBB	502,695
6,750	Total Pennsylvania			7,759,392
	Rhode Island – 1.8% (1.4% of Total Investments)
3,000	Rhode Island Health & Educational Building Corporation, Public Schools Financing Program	5/19 at 100.00	A3	3,290,310
	Revenue Bonds, Pooled Series 2009E, 6.000%, 5/15/29 – AGC Insured
	South Carolina – 1.9% (1.4% of Total Investments)
1,000	Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2010-A2,	No Opt. Call	A–	1,076,310
	5.000%, 1/01/18
2,000	South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series	6/24 at 100.00	AA–	2,354,480
	2014B, 5.000%, 12/01/31
3,000	Total South Carolina			3,430,790
	Tennessee – 6.2% (4.9% of Total Investments)
	Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue
	Refunding Bonds, Covenant Health, Series 2012A:
1,440	5.000%, 1/01/25	No Opt. Call	A	1,706,213
2,170	5.000%, 1/01/26	No Opt. Call	A	2,551,508
2,000	Memphis-Shelby County Airport Authority, Tennessee, Airport Revenue Bonds, Series 2010B,	7/20 at 100.00	A	2,336,040
	5.750%, 7/01/22 (Alternative Minimum Tax)
400	The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B, 5.625%, 9/01/26	No Opt. Call	BBB	465,952
	The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C:
1,020	5.000%, 2/01/21	No Opt. Call	A	1,164,340
1,490	5.000%, 2/01/24	No Opt. Call	A	1,729,458
1,365	5.000%, 2/01/25	No Opt. Call	A	1,597,077
9,885	Total Tennessee			11,550,588
	Texas – 9.9% (7.7% of Total Investments)
200	Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2010,	1/20 at 100.00	BBB+	230,634
	5.750%, 1/01/25
500	Central Texas Regional Mobility Authority, Revenue Bonds, Subordinate Lien Refunding Series	No Opt. Call	BBB	556,435
	2013, 5.000%, 1/01/22
685	Denton County Fresh Water Supply District 7, Texas, General Obligation Bonds, Refunding Series	No Opt. Call	AA	748,212
	2013, 4.000%, 2/15/21 – AGM Insured
2,000	Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo	10/22 at 100.00	BB	2,109,540
	Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25 (Alternative Minimum Tax)
	Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien
	Series 2014C:
230	5.000%, 11/15/22	No Opt. Call	A3	272,771
1,660	5.000%, 11/15/23	No Opt. Call	A3	1,988,946
960	5.000%, 11/15/25	11/24 at 100.00	A3	1,147,834
515	Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment	No Opt. Call	A2	589,315
	Facilities Department, Refunding Series 2011A, 5.250%, 9/01/19
	Irving, Texas, Hotel Occupancy Tax Revenue Bonds, Series 2014B:
465	4.000%, 8/15/22	8/19 at 100.00	BBB+	491,556
535	4.000%, 8/15/23	8/19 at 100.00	BBB+	562,408
100	Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest	No Opt. Call	Baa1	112,791
	Airlines Company – Love Field Modernization Program Project, Series 2012, 5.000%, 11/01/20
	(Alternative Minimum Tax)
	Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds,
	Scott & White Healthcare Project, Tender Option Bond Trust 1149:
100	22.163%, 8/15/22 (IF) (4)	No Opt. Call	AA–	203,415
155	21.955%, 8/15/24 (IF) (4)	8/23 at 100.00	AA–	311,800
200	22.163%, 8/15/26 (IF) (4)	8/23 at 100.00	AA–	383,690
175	21.914%, 8/15/27 (IF) (4)	8/23 at 100.00	AA–	327,049
3,000	Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior	No Opt. Call	BBB+	3,660,539
	Lien Series 2008D, 6.250%, 12/15/26
3,000	Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series	No Opt. Call	A3	3,407,850
	2012, 5.000%, 12/15/27
230	Texas Public Finance Authority Charter School Finance Corporation, Education Revenue Bonds,	12/17 at 100.00	BBB–	242,222
	Uplift Education, Series 2007A, 5.750%, 12/01/27
360	Texas Public Finance Authority, Revenue Bonds, Texas Southern University Financing System,	5/21 at 100.00	BBB	413,507
	Series 2011, 6.000%, 5/01/23
460	Waco Health Facilities Development Corporation, Texas, Hillcrest Health System Project, FHA	8/16 at 100.00	AA– (5)	469,122
	Insured Mortgage Revenue Bonds, Series 2006A, 5.000%, 8/01/31 (Pre-refunded 8/01/16) –
	NPFG Insured
15,530	Total Texas			18,229,636
	Utah – 1.7% (1.3% of Total Investments)
3,000	Salt Lake County, Utah, Research Facility Revenue Bonds, Huntsman Cancer Foundation, Series	12/18 at 100.00	N/R	3,174,600
	2013A-1, 5.000%, 12/01/33 (Mandatory put 12/15/20)
	Vermont – 0.5% (0.4% of Total Investments)
900	Vermont Economic Development Authority, Solid Waste Disposal Revenue Bonds, Casella Waste	No Opt. Call	BB–	907,695
	Systems, Inc. Project, Series 2013, 4.750%, 4/01/36 (Mandatory put 4/02/18) (Alternative
	Minimum Tax)
	Virgin Islands – 1.2% (0.9% of Total Investments)
2,000	Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series	No Opt. Call	AA	2,153,020
	2012A, 4.000%, 10/01/22 – AGM Insured
	Virginia – 0.3% (0.2% of Total Investments)
535	Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Series 2012A,	No Opt. Call	BBB	620,397
	5.000%, 7/15/21
	Washington – 0.5% (0.4% of Total Investments)
700	Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015A, 5.000%, 4/01/27	10/24 at 100.00	A+	844,564
	West Virginia – 0.5% (0.4% of Total Investments)
1,035	West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds,	No Opt. Call	Baa1	1,048,921
	Appalachian Power Company – Amos Project, Refunding Series 2015A, 1.900%, 3/01/40
	Wisconsin – 0.5% (0.4% of Total Investments)
	University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Tender Option Bond
	Trust 2015-XF0127:
50	20.690%, 4/01/20 (IF) (4)	No Opt. Call	Aa3	100,222
100	21.517%, 10/01/20 (IF) (4)	No Opt. Call	Aa3	212,755
185	21.126%, 10/01/20 (IF) (4)	No Opt. Call	Aa3	379,294
100	21.517%, 10/01/20 (IF) (4)	No Opt. Call	Aa3	200,330
435	Total Wisconsin			892,601
$ 207,162	Total Long-Term Investments (cost $226,411,524)			234,592,036

Principal		Optional Call
Amount (000)	Description (1)	Provisions (2)	Ratings (3)	Value

	SHORT-TERM INVESTMENTS 1.2% (1.0% of Total Investments)

	MUNICIPAL BONDS – 1.2% (1.0% of Total Investments)

	Kentucky – 0.9% (0.8% of Total Investments)
$ 1,750	Kentucky State Property and Buildings Commission, Revenue Bonds, Tender Option Bond Floater	No Opt. Call	A-1	$ 1,750,000
	11767, Variable Rate Demand Obligations, 0.210%, 2/01/17 (6)
	Tennessee – 0.3% (0.2% of Total Investments)
500	Metropolitan Government of Nashville-Davidson County, Tennessee, Water and Sewerage	No Opt. Call	A-1	500,000
	Revenue Bonds, Tender Option Bond Trust 4416, Variable Rate Demand Obligations,
	0.060%, 7/01/21 (6)
$ 2,250	Total Short-Term Investments (cost $2,250,000)			2,250,000
	Total Investments (cost $228,661,524) – 128.1%			236,842,036
	Variable Rate MuniFund Term Preferred Shares, at Liquidation Preference – (29.8)% (7)			(55,000,000)
	Other Assets Less Liabilities – 1.7% (8)			3,085,938
	Net Assets Applicable to Common Shares – 100%			$ 184,927,974


Investments in Derivatives as of Febraury 29, 2016
Interest Rate Swaps outstanding:

								Variation
		Fund			Fixed Rate			Margin	Unrealized
	Notional	Pay/Receive	Floating Rate	Fixed Rate	Payment	Effective	Termination	Receivable/	Appreciation
Counterparty	Amount	Floating Rate	Index	(Annualized)	Frequency	Date (9)	Date	(Payable)	(Depreciation)
Barclays Bank PLC*	$ 4,600,000	Receive	3-Month USD-LIBOR-ICE	2.504%	Semi-Annually	9/20/16	9/20/26	$ 8,104	$ (364,100)
JPMorgan Chase Bank, N.A.	5,500,000	Receive	Weekly USD-SIFMA	1.947	Quarterly	6/09/16	6/09/26	—	(399,214)
JPMorgan Chase Bank, N.A.*	3,700,000	Receive	3-Month USD-LIBOR-ICE	2.857	Semi-Annually	7/13/16	7/13/26	6,406	(427,977)
	$13,800,000							$14,510	$(1,191,291)

*Citigroup Global Markets Inc. is the clearing broker for this transaction.

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, prepayment speeds, credit risk, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:

	Level 1	Level 2	Level 3	Total
Long-Term Investments:
Municipal Bonds	$ —	$234,592,036	$ —	$234,592,036
Short-Term Investments:
Municipal Bonds	—	2,250,000	—	2,250,000
Investments in Derivatives:
Interest Rate Swaps*	—	(1,191,291)	—	(1,191,291)
Total	$ —	$235,650,745	$ —	$235,650,745

* Represents net unrealized appreciation (depreciation).

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.

As of February 29, 2016, the cost of investments (excluding investments in derivatives) was $228,518,907.

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of February 29, 2016, were as follows:


Gross unrealized:
Appreciation	$9,153,359
Depreciation	(830,230)
Net unrealized appreciation (depreciation) of investments	$8,323,129

(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)		Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
		Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or
		BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any
		of these national rating agencies.
(4)		Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
		investments in derivatives and/or inverse floating rate transactions.
(5)		Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
		which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
		agency securities are regarded as having an implied rating equal to the rating of such securities.
(6)		Investment has a maturity of more than one year, but has variable rate and demand features which qualify
		it as a short-term investment. The rate disclosed is that in effect at the end of the reporting period. This
		rate changes periodically based on market conditions or a specified market index.
(7)		Variable Rate MuniFund Term Preferred Shares, at Liquidation Preference as a percentage of Total
		Investments is 23.2%.
(8)		Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter
		derivatives as well as the exchange-cleared and exchange-traded derivatives, when applicable.
(9)		Effective date represents the date on which both the Fund and counterparty commence interest payment
		accruals on each contract.
(ETM)		Escrowed to maturity.
(IF)		Inverse floating rate investment.


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.
USD-LIBOR-ICE		United States Dollar-London Inter-Bank Offered Rate-Intercontinental Exchange
USD-SIFMA		United States Dollar-Securities Industry and Financial Markets Association

Item 2. Controls and Procedures.

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)).

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 Intermediate Duration Quality Municipal Term Fund

By (Signature and Title)	/s/ Kevin J. McCarthy
	Kevin J. McCarthy Vice President and Secretary

Date: April 29, 2016

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/ Gifford R. Zimmerman
	Gifford R. Zimmerman Chief Administrative Officer (principal executive officer)

Date: April 29, 2016

By (Signature and Title)	/s/ Stephen D. Foy
	Stephen D. Foy Vice President and Controller (principal financial officer)

Date: April 29, 2016