UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number  811-23489

Nuveen Dynamic Municipal Opportunities Fund

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago, IL 60606

(Address of principal executive offices) (Zip code)

Mark L. Winget

Nuveen Investments

333 West Wacker Drive

Chicago, IL 60606

(Name and address of agent for service)

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

Date of fiscal year end:  October 31

Date of reporting period:  April 30, 2024

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR 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 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. ss. 3507.

ITEM 1. REPORTS TO STOCKHOLDERS.

Closed-End

Funds

Closed-End

Funds

Nuveen

Municipal

April

30,2024

Semi-Annual

Report

This

semi-annual

report

contains

the

Funds'

unaudited financial

statements.

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

NVG

Nuveen

Municipal

Credit

Income

Fund

NZF

Nuveen

Municipal

High

Income

Opportunity

Fund

NMZ

Nuveen

Municipal

Credit

Opportunities

Fund

NMCO

Nuveen

Dynamic

Municipal

Opportunities

Fund

NDMO

2

Table

of

Contents

Important

Notices

3

Fund

Leverage

4

Common

Share

Information

5

About

the

Funds’

Benchmarks

7

Performance

Overview

and

Holding

Summaries

8

Portfolios

of

Investments

18

Statement

of

Assets

and

Liabilities

184

Statement

of

Operations

185

Statement

of

Changes

in

Net

Assets

186

Statement

of

Cash

Flows

189

Financial

Highlights

190

Notes

to

Financial

Statements

198

Risk

Considerations

216

Additional

Fund

Information

217

Glossary

of

Terms

Used

in

this

Report

218

Annual

Investment

Management

Agreement

Approval

Process

219

Important

Notices

3

Portfolio

Manager

Commentaries

in

Semi-annual

Shareholder

Reports

The

Funds

include

portfolio

manager

commentary

in

their

annual

shareholder

reports.

For

the

Funds’

most

recent

annual

portfolio

manager

discussion,

please

refer

to

the

Portfolio

Managers’

Comments

section

of

each

Fund’s

October

31,

2023

annual

shareholder

report.

For

current

information

on

your

Fund’s

investment

objectives,

portfolio

management

team

and

average

annual

total

returns

please

refer

to

the

Fund’s

website

at

www.nuveen.com.

For

changes

that

occurred

to

your

Fund

both

during

and

subsequent

to

this

reporting

period,

please

refer

to

the

Notes

to

Financial

Statements

section

of

this

report.

For

average

annual

total

returns

as

of

the

end

of

this

reporting

period,

please

refer

to

the

Performance

Overview

and

Holding

Summaries

section

within

this

report.

Management

Fees

As

of

May

1,

2024,

each

Fund’s

overall

complex-level

fee

begins

at

a

maximum

rate

of

0.1600%

of

each

Fund’s

average

daily

net

assets,

with

breakpoints

for

eligible

complex-level

assets

above

$124.3

billion.

Therefore,

the

maximum

management

fee

rate

for

each

Fund

is

the

fund-level

fee

listed

within

this

report

plus

0.1600%.

Refer

to

the

Notes

to

Financial

Statements

within

this

report

for

further

details

on

the

Funds’

management

fees.

4

Fund

Leverage

IMPACT

OF

THE

FUNDS’

LEVERAGE

STRATEGY

ON

PERFORMANCE

One

important

factor

impacting

the

returns

of

the

Funds’

common

shares

relative

to

their

comparative

benchmarks

was

the

Funds’

use

of

leverage

through

their

issuance

of

preferred

shares

and/or

investments

in

inverse

floating

rate

securities,

which

represent

leveraged

investments

in

underlying

bonds.

The

Funds

use

leverage

because

our

research

has

shown

that,

over

time,

leveraging

provides

opportunities

for

additional

income.

The

opportunity

arises

when

short-term

rates

that

a

Fund

pays

on

its

leveraging

instruments

are

lower

than

the

interest

the

Fund

earns

on

its

portfolio

of

long-term

bonds

that

it

has

bought

with

the

proceeds

of

that

leverage.

However,

use

of

leverage

can

expose

Fund

common

shares

to

additional

price

volatility.

When

a

Fund

uses

leverage,

the

Fund’s

common

shares

will

experience

a

greater

increase

in

their

net

asset

value

if

the

securities

acquired

through

the

use

of

leverage

increase

in

value,

but

will

also

experience

a

correspondingly

larger

decline

in

their

net

asset

value

if

the

securities

acquired

through

leverage

decline

in

value.

All

this

will

make

the

shares’

total

return

performance

more

variable

over

time.

In

addition,

common

share

income

in

levered

funds

will

typically

decrease

in

comparison

to

unlevered

funds

when

short-term

interest

rates

increase

and

increase

when

short-term

interest

rates

decrease.

In

recent

quarters,

fund

leverage

expenses

have

generally

tracked

the

overall

movement

of

short-term

interest

rates.

While

fund

leverage

expenses

are

higher

than

their

prior

year

lows,

leverage

nevertheless

continues

to

provide

the

opportunity

for

incremental

common

share

income,

particularly

over

longer-term

periods.

The

Funds'

use

of

leverage

significantly

contributed

to

relative

performance

during

the

reporting

period.

As

of

April

30,

2024,

the

Funds’

percentages

of

leverage

are

as

shown

in

the

accompanying

table.

i

THE

FUNDS’

REGULATORY

LEVERAGE

As

of

April

30,

2024,

the

Funds

have

issued

and

outstanding

preferred

shares

as

shown

in

the

accompanying

table.

Refer

to

Notes

to

Financial

Statements

for

further

details

on

preferred

shares

and

each

Fund’s

respective

transactions.

NVG

NZF

NMZ

NMCO

NDMO

Effective

Leverage

*

40.74%

39.44%

39.65%

41.16%

28.37%

Regulatory

Leverage

*

37.98%

33.45%

22.70%

39.69%

27.00%

*

Effective

Leverage

is

a

Fund’s

effective

economic

leverage,

and

includes

both

regulatory

leverage

and

the

leverage

effects

of

certain

derivative

and

other

investments

in

a

Fund’s

portfolio

that

increase

the

Fund’s

investment

exposure.

Currently,

the

leverage

effects

of

Tender

Option

Bond

(TOB)

inverse

floater

holdings

are

included

in

effective

leverage

values,

in

addition

to

any

regulatory

leverage.

Regulatory

leverage

consists

of

preferred

shares

issued

or

borrowings

of

a

Fund.

Both

of

these

are

part

of

a

Fund’s

capital

structure.

A

Fund,

however,

may

from

time

to

time

borrow

on

a

typically

transient

basis

in

connection

with

its

day-to-day

operations,

primarily

in

connection

with

the

need

to

settle

portfolio

trades.

Such

incidental

borrowings

are

excluded

from

the

calculation

of

a

Fund’s

effective

leverage

ratio.

Regulatory

leverage

is

subject

to

asset

coverage

limits

set

forth

in

the

Investment

Company

Act

of

1940.

Variable

Rate

Preferred*

Variable

Rate

Remarketed

Preferred**

Fund

Shares

Issued

at

Liquidation

Preference

Shares

Issued

at

Liquidation

Preference

Total

NVG

$67,400,000

$1,686,600,000

$1,754,000,000

NZF

  $

1,172,000,000

$146,000,000

$1,318,000,000

NMZ

$357,000,000

$-

$357,000,000

NMCO

$315,000,000

$100,000,000

$415,000,000

NDMO

$240,000,000

$-

$240,000,000

*

Preferred

shares

of

the

Fund

featuring

a

floating

rate

dividend

based

on

a

predetermined

formula

or

spread

to

an

index

rate.

Includes

the

following

preferred

shares

AMTP,

iMTP

,

MFP-VRM

and

VRDP

in

Special

Rate

Mode,

where

applicable.

See

Notes

to

Financial

Statements

for

further

details.

**

Preferred

shares

of

the

Fund

featuring

floating

rate

dividends

set

by

a

remarketing

agent

via

a

regular

remarketing.

Includes

the

following

preferred

shares

VRDP

not

in

Special

Rate

Mode,

MFP-VRRM

and

MFP-VRDM,

where

applicable.

See

Notes

to

Financial

Statements

for

further

details.

Common

Share

Information

5

NVG,

NZF,

NMZ

and

NMCO

COMMON

SHARE

DISTRIBUTION

INFORMATION

The

following

information

regarding

the

distributions

for

NVG,

NZF,

NMZ

and

NMCO

are

current

as

of

April

30,

2024.

Each

Fund’s

distribution

levels

may

vary

over

time

based

on

each

Fund’s

investment

activity

and

portfolio

investments

value

changes.

During

the

current

reporting

period,

each

Fund’s

distributions

to

common

shareholders

were

as

shown

in

the

accompanying

table.

NVG,

NZF,

NMZ

and

NMCO

sought

to

pay

regular

monthly

dividends

out

of

their

net

investment

income

at

a

rate

that

reflected

their

past

and

projected

net

income

performance.

To

permit

each

Fund

to

maintain

a

more

stable

monthly

dividend,

the

Fund

paid

dividends

at

a

rate

that

may

be

more

or

less

than

the

amount

of

net

income

actually

earned

by

the

Fund

during

the

period.

Distributions

to

common

shareholders

are

determined

on

a

tax

basis,

which

may

differ

from

amounts

recorded

in

the

accounting

records.

In

instances

where

the

monthly

dividend

exceeds

the

earned

net

investment

income,

the

Fund

would

report

a

negative

undistributed

net

ordinary

income.

Refer

to

Notes

to

Financial

Statements

for

additional

information

regarding

the

amounts

of

undistributed

net

ordinary

income

and

undistributed

net

long-term

capital

gains

and

the

character

of

the

actual

distributions

paid

by

the

Fund

during

the

period.

NDMO

made

regular

cash

distributions

to

shareholders

of

a

stated

dollar

amount

per

share.

Subject

to

approval

and

oversight

by

the

Board

of

Trustees,

the

Fund

sought

to

maintain

a

stable

distribution

level

designed

to

deliver

the

long-term

return

potential

of

the

Fund’s

investment

strategy

through

regular

distributions

(a

“Managed

Distribution

Program”).

The

practice

of

maintaining

a

stable

distribution

level

had

no

material

effect

on

the

Fund’s

investment

strategy

during

the

most

recent

fiscal

period

and

is

not

expected

to

have

such

an

effect

in

future

periods,

however,

distributions

in

excess

of

Fund

returns

would

cause

its

NAV

per

share

to

erode.

For

additional

information,

refer

to

the

Notes

to

Financial

Statements

herein.

Effective

for

distributions

payable

on

December

1,

2023,

(December

29,

2023

for

NDMO)

each

Fund’s

distribution

policy,

which

may

be

changed

by

the

Board,

is

to

make

regular

monthly

cash

distributions

to

holders

of

its

common

shares

(stated

in

terms

of

a

fixed

cents

per

common

share

dividend

distribution

rate

which

may

be

set

from

time

to

time).

The

Fund

intends

to

distribute

all

or

substantially

all

of

its

net

investment

income

each

year

through

its

regular

monthly

distribution

and

to

distribute

realized

capital

gains

at

least

annually.

In

addition,

in

any

monthly

period,

to

maintain

its

declared

per

common

share

distribution

amount,

the

Fund

may

distribute

more

or

less

than

its

net

investment

income

during

the

period.

In

the

event

the

Fund

distributes

more

than

its

net

investment

income

during

any

yearly

period,

such

distributions

may

also

include

realized

gains

and/or

a

return

of

capital.

To

the

extent

that

a

distribution

includes

a

return

of

capital

the

NAV

per

share

may

erode.

If

the

Fund’s

distribution

includes

anything

other

than

net

investment

income,

the

Fund

will

provide

a

notice

to

shareholders

of

its

best

estimate

of

the

distribution

sources

at

that

the

time

of

the

distribution.

These

estimates

may

not

match

the

final

tax

characterization

(for

the

full

year’s

distributions)

contained

in

shareholders’

1099-DIV

forms

after

the

end

of

the

year.

NUVEEN

CLOSED-END

FUND

DISTRIBUTION

AMOUNTS

The

Nuveen

Closed-End

Funds’

monthly

and

quarterly

periodic

distributions

to

shareholders

are

posted

on

www.nuveen.com

and

can

be

found

on

Nuveen’s

enhanced

closed-end

fund

resource

page,

which

is

at

https://www.nuveen.com/resource-center-closedend

funds,

along

with

other

Nuveen

closed-end

fund

product

updates.

To

ensure

timely

access

to

the

latest

information,

shareholders

may

use

a

subscribe

function,

which

can

be

activated

at

this

web

page

(https://www.nuveen.com/subscriptions).

Per

Common

Share

Amounts

Monthly

Distributions

(Ex-Dividend

Date)

NVG

NZF

NMZ

NMCO

November

$0.0505

$0.0515

$0.0425

$0.0455

December

0.0505

0.0515

0.0425

0.0455

January

0.0505

0.0515

0.0425

0.0455

February

0.0505

0.0515

0.0425

0.0455

March

0.0575

0.0575

0.0475

0.0500

April

0.0575

0.0575

0.0475

0.0500

Total

Distributions

from

Net

Investment

Income

$0.3170

$0.3210

$0.2650

$0.2820

Yields

NVG

NZF

NMZ

NMCO

Market

Yield

1

5.97%

5.90%

5.54%

5.92%

Taxable-Equivalent

Yield

1

10.08%

9.97%

9.22%

9.93%

1

Market

Yield

is

based

on

the

Fund’s

current

annualized

monthly

dividend

divided

by

the

Fund’s

current

market

price

as

of

the

end

of

the

reporting

period.

Taxable-

Equivalent

Yield

represents

the

yield

that

must

be

earned

on

a

fully

taxable

investment

in

order

to

equal

the

yield

of

the

Fund

on

an

after-tax

basis.

It

is

based

on

a

federal

income

tax

rate

of

40.8%.

Your

actual

federal

income

tax

rate

may

differ

from

the

assumed

rate.

The

Taxable-Equivalent

Yield

also

takes

into

account

the

percentage

of

the

Fund’s

income

generated

and

paid

by

the

Fund

(based

on

payments

made

during

the

previous

calendar

year)

that

was

not

exempt

from

federal

income

tax.

Separately,

if

the

comparison

were

instead

to

investments

that

generate

qualified

dividend

income,

which

is

taxable

at

a

rate

lower

than

an

individual’s

ordinary

graduated

tax

rate,

the

fund’s

Taxable-Equivalent

Yield

would

be

lower.

6

Common

Share

Information

(continued)

COMMON

SHARE

EQUITY

SHELF

PROGRAMS

During

the

current

reporting

period,

NVG,

NMZ,

NMCO

and

NDMO were

authorized

by

the

Securities

and

Exchange

Commission

to

issue

additional

common

shares

through

an

equity

shelf

program

(Shelf

Offering).

Under

these

programs,

NVG,

NMZ,

NMCO

and

NDMO,

subject

to

market

conditions,

may

raise

additional

capital

from

time

to

time

in

varying

amounts

and

offering

methods

at

a

net

price

at

or

above

the

Fund's

NAV

per

common

share.

The

maximum

aggregate

offering under

these

Shelf

Offerings

are

as

shown

in

the

accompanying

table.

During

the

current

reporting

period,

NVG,

NMZ,

NMCO

and

NDMO

did

not

sell

any

common

shares

through

their

Shelf

Offerings.

Refer

to

Notes

to

Financial

Statements,

for

further

details

of

Shelf

Offerings

and

each

Fund’s

transactions.

COMMON

SHARE

REPURCHASES

The

Funds’

Board

of

Trustees

reauthorized

an

open-market

share

repurchase

program,

allowing

each

Fund

to

repurchase

and

retire

an

aggregate

of

up

to

approximately

10%

of

its

outstanding

common

shares.

During

the

current

reporting

period,

the

Funds

did

not

repurchase

any

of

their

outstanding

common

shares.

As

of

April

30,

2024,

(and

since

the

inception

of

the

Funds’

repurchase

programs),

each

Fund

has

cumulatively

repurchased

and

retired

its

outstanding

common

shares

as

shown

in

the

accompanying

table.

OTHER

COMMON

SHARE

INFORMATION

As

of

April

30,

2024,

the

Funds’

common

share

prices

were

trading

at

a

premium/(discount)

to

their

common

share

NAVs

and

trading

at

an

average

premium/(discount)

to

NAV

during

the

current

reporting

period,

as

follows:

NVG

NMZ*

NMCO

NDMO

Maximum

aggregate

offering

Unlimited

Unlimited

$90,000,000

$250,000,000

*

The

Fund

carried

forward

13,340,607

common

shares

from

the

19,500,000

additional

previously

authorized

common

shares.

NVG

NZF

NMZ

NMCO

NDMO

Common

shares

repurchased

and

retired

202,500

67,500

0

0

0

Common

shares

authorized

for

repurchase

21,350,000

19,370,000

11,050,000

5,480,000

5,955,000

NVG

NZF

NMZ

NMCO

NDMO

Common

share

NAV

$13.41

$13.54

$11.00

$11.51

$10.89

Common

share

price

$11.55

$11.69

$10.29

$10.14

$10.68

Premium/(Discount)

to

NAV

(13.87)%

(13.66)%

(6.45)%

(11.90)%

(1.93)%

Average

premium/(discount)

to

NAV

(13.98)%

(13.65)%

(8.39)%

(10.73)%

(4.63)%

About

the

Funds’

Benchmarks

7

S&P

Municipal

Bond

High

Yield

Index:

An

index

designed

to

measure

the

performance

of

tax-exempt

high

yield

municipal

bonds.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

S&P

Municipal

Bond

Index

:

An

index

designed

to

measure

the

performance

of

the

tax-exempt

U.S.

municipal

bond

market.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

S&P

Municipal

Bond

Investment

Grade

Index:

An

index

designed

to

measure

the

performance

of

tax-exempt

investment

grade

municipal

bonds.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

S&P

Municipal

Yield

Index:

An

index

that

is

structured

so

that

70%

of

the

index

consists

of

bonds

that

are

either

not

rated

or

are

rated

below

investment

grade,

20%

are

rated

BBB/Baa,

and

10%

are

rated

single

A.

Index

returns

assume

reinvestment

of

distributions,

but

do

not

reflect

any

applicable

sales

charges

or

management

fees.

8

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

Performance

Overview

and

Holding

Summaries

April

30,

2024

NVG

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

the

terms

used

within

this

section.

Fund

Performance*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

NVG

Blended

Benchmark.

The

Fund’s

Blended

Benchmark

consists

of:

1)

60%

S&P

Municipal

Bond

Investment

Grade

Index

and

2)

40%

S&P

Municipal

Bond

High

Yield

Index.

The

Fund’s

performance

was

measured

against

the

S&P

Municipal

Bond

Index

through

April

10,

2016.

Performance

data

shown

represents

past

performance

and

does

not

predict

or

guarantee

future

results.

Current

per-

formance

may

be

higher

or

lower

than

the

data

shown.

Returns

do

not

reflect

the

deduction

of

taxes

that

shareholders

may

have

to

pay

on

Fund

distributions

or

upon

the

sale

of

Fund

shares.

Returns

at

NAV

are

net

of

Fund

expenses,

and

assume

reinvestment

of

distributions.

Comparative

index

return

information

is

provided

for

the

Fund’s

shares

at

NAV

only.

Indexes

are

not

available

for

direct

investment.

Daily

Common

Share

NAV

and

Share

Price

Total

Returns

as

of

April

30,

2024

Cumulative

Average

Annual

Inception

Date

6-Month

1-Year

5-Year

10-Year

NVG

at

Common

Share

NAV

3/25/02

16.39%

3.29%

0.79%

3.65%

NVG

at

Common

Share

Price

3/25/02

18.29%

2.89%

(0.53)%

3.76%

S&P

Municipal

Bond

Index

—

7.14%

2.35%

1.38%

2.46%

NVG

Blended

Benchmark

—

8.73%

3.84%

1.95%

3.09%

9

Holdings

Summaries

as

of

April

30,

2024

This

data

relates

to

the

securities

held

in

the

Fund’s

portfolio

of

investments

as

of

the

end

of

the

reporting

period.

It

should

not

be

construed

as

a

measure

of

performance

for

the

Fund

itself.

Holdings

are

subject

to

change.

The

ratings

disclosed

are

the

lowest

rating

given

by

one

of

the

following

national

rating

agencies:

Standard

&

Poor’s

Group,

Moody’s

Investors

Service,

Inc.

or

Fitch,

Inc.

Credit

ratings

are

subject

to

change.

AAA,

AA,

A

and

BBB

are

investment

grade

ratings;

BB,

B,

CCC,

CC,

C

and

D

are

below-investment

grade

ratings.

Holdings

designated

N/R

are

not

rated

by

these

national

rating

agencies.

Fund

Allocation

(%

of

net

assets)

Municipal

Bonds

163

.8‌

%

Common

Stocks

1

.6‌

%

Short-Term

Municipal

Bonds

1

.8‌

%

Other

Assets

&

Liabilities,

Net

1.1%

Floating

Rate

Obligations

(7.2)%

MFP

Shares,

Net

(

18

.0‌

)

%

VRDP

Shares,

Net

(

43

.1‌

)

%

Net

Assets

100‌

%

Portfolio

Credit

Quality

(%

of

total

investment

exposure)

U.S.

Guaranteed

6.2%

AAA

7.0%

AA

19.4%

A

22.3%

BBB

16.5%

BB

or

Lower

10.4%

N/R

(not

rated)

17.2%

N/A

(not

applicable)

1.0%

Total

100‌

%

Portfolio

Composition

(%

of

total

investments)

Tax

Obligation/Limited

19.0%

Health

Care

13.9%

Tax

Obligation/General

12.0%

Utilities

10.2%

Transportation

9.8%

Education

and

Civic

Organizations

9.0%

Housing/Single

Family

7.2%

Other

17.9%

Common

Stocks

1.0%

Total

100%

States

and

Territories

1

(%

of

total

municipal

bonds)

Illinois

14.0%

Texas

8.3%

California

7.2%

New

York

6.0%

Colorado

5.4%

Ohio

5.4%

Puerto

Rico

4.4%

New

Jersey

3.5%

Pennsylvania

2.8%

Connecticut

2.8%

Wisconsin

2.8%

Georgia

2.5%

Florida

2.4%

District

of

Columbia

2.2%

Michigan

2.0%

Indiana

1.8%

Massachusetts

1.7%

South

Carolina

1.6%

North

Dakota

1.4%

Rhode

Island

1.4%

Arizona

1.3%

Alabama

1.3%

Kentucky

1.2%

Minnesota

1.2%

Idaho

1.2%

Other

14.2%

Total

100%

1

See

the

Portfolio

of

Investments

for

the

remaining

states

comprising

"Other"

and

not

listed

in

the

table

above.

10

Nuveen

Municipal

Credit

Income

Fund

Performance

Overview

and

Holding

Summaries

April

30,

2024

NZF

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

the

terms

used

within

this

section.

Fund

Performance*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

NZF

Blended

Benchmark.

The

Fund’s

Blended

Benchmark

consists

of:

1)

60%

S&P

Municipal

Bond

Investment

Grade

Index

and

2)

40%

S&P

Municipal

Bond

High

Yield

Index.

The

Fund’s

performance

was

measured

against

the

S&P

Municipal

Bond

Index

through

April

10,

2016.

Performance

data

shown

represents

past

performance

and

does

not

predict

or

guarantee

future

results.

Current

per-

formance

may

be

higher

or

lower

than

the

data

shown.

Returns

do

not

reflect

the

deduction

of

taxes

that

shareholders

may

have

to

pay

on

Fund

distributions

or

upon

the

sale

of

Fund

shares.

Returns

at

NAV

are

net

of

Fund

expenses,

and

assume

reinvestment

of

distributions.

Comparative

index

return

information

is

provided

for

the

Fund’s

shares

at

NAV

only.

Indexes

are

not

available

for

direct

investment.

Daily

Common

Share

NAV

and

Share

Price

Total

Returns

as

of

April

30,

2024

Cumulative

Average

Annual

Inception

Date

6-Month

1-Year

5-Year

10-Year

NZF

at

Common

Share

NAV

9/25/01

15.88%

4.02%

1.20%

3.91%

NZF

at

Common

Share

Price

9/25/01

18.91%

5.33%

(0.55)%

4.07%

S&P

Municipal

Bond

Index

—

7.14%

2.35%

1.38%

2.46%

NZF

Blended

Benchmark

—

8.73%

3.84%

1.95%

3.09%

11

Holdings

Summaries

as

of

April

30,

2024

This

data

relates

to

the

securities

held

in

the

Fund’s

portfolio

of

investments

as

of

the

end

of

the

reporting

period.

It

should

not

be

construed

as

a

measure

of

performance

for

the

Fund

itself.

Holdings

are

subject

to

change.

The

ratings

disclosed

are

the

lowest

rating

given

by

one

of

the

following

national

rating

agencies:

Standard

&

Poor’s

Group,

Moody’s

Investors

Service,

Inc.

or

Fitch,

Inc.

Credit

ratings

are

subject

to

change.

AAA,

AA,

A

and

BBB

are

investment

grade

ratings;

BB,

B,

CCC,

CC,

C

and

D

are

below-investment

grade

ratings.

Holdings

designated

N/R

are

not

rated

by

these

national

rating

agencies.

Fund

Allocation

(%

of

net

assets)

Municipal

Bonds

158

.5‌

%

Common

Stocks

3

.7‌

%

Other

Assets

&

Liabilities,

Net

2.4%

Floating

Rate

Obligations

(14.5)%

MFP

Shares,

Net

(

24

.4‌

)

%

VRDP

Shares,

Net

(

25

.7‌

)

%

Net

Assets

100‌

%

Portfolio

Credit

Quality

(%

of

total

investment

exposure)

U.S.

Guaranteed

3.1%

AAA

1.1%

AA

13.1%

A

32.0%

BBB

22.4%

BB

or

Lower

13.4%

N/R

(not

rated)

14.9%

Total

100‌

%

Portfolio

Composition

(%

of

total

investments)

Health

Care

23.2%

Transportation

21.9%

Tax

Obligation/Limited

20.3%

Tax

Obligation/General

11.5%

Utilities

7.8%

U.S.

Guaranteed

3.1%

Industrials

3.1%

Other

6.8%

Common

Stocks

2.3%

Total

100%

States

and

Territories

1

(%

of

total

municipal

bonds)

Illinois

14.2%

California

13.1%

New

York

10.9%

Texas

6.9%

Ohio

5.8%

Colorado

5.1%

Florida

4.9%

New

Jersey

4.9%

Puerto

Rico

4.5%

Pennsylvania

4.5%

Virginia

2.6%

South

Carolina

2.1%

Washington

2.1%

Georgia

1.6%

Oklahoma

1.5%

Wisconsin

1.4%

North

Dakota

1.3%

Minnesota

1.2%

Louisiana

1.2%

Michigan

1.0%

Other

9.2%

Total

100%

1

See

the

Portfolio

of

Investments

for

the

remaining

states

comprising

"Other"

and

not

listed

in

the

table

above.

12

Nuveen

Municipal

High

Income

Opportunity

Fund

Performance

Overview

and

Holding

Summaries

as

of

April

30,

2024

NMZ

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

the

terms

used

within

this

section.

Fund

Performance*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

S&P

Municipal

Yield

Index.

Performance

data

shown

represents

past

performance

and

does

not

predict

or

guarantee

future

results.

Current

per-

formance

may

be

higher

or

lower

than

the

data

shown.

Returns

do

not

reflect

the

deduction

of

taxes

that

shareholders

may

have

to

pay

on

Fund

distributions

or

upon

the

sale

of

Fund

shares.

Returns

at

NAV

are

net

of

Fund

expenses,

and

assume

reinvestment

of

distributions.

Comparative

index

return

information

is

provided

for

the

Fund’s

shares

at

NAV

only.

Indexes

are

not

available

for

direct

investment.

Daily

Common

Share

NAV

and

Share

Price

Total

Returns

as

of

April

30,

2024

Cumulative

Average

Annual

Inception

Date

6-Month

1-Year

5-Year

10-Year

NMZ

at

Common

Share

NAV

11/19/03

18.83%

3.57%

1.13%

4.08%

NMZ

at

Common

Share

Price

11/19/03

26.18%

0.50%

(0.13)%

3.59%

S&P

Municipal

Yield

Index

—

11.60%

5.83%

2.63%

4.23%

13

Holdings

Summaries

as

of

April

30,

2024

This

data

relates

to

the

securities

held

in

the

Fund’s

portfolio

of

investments

as

of

the

end

of

the

reporting

period.

It

should

not

be

construed

as

a

measure

of

performance

for

the

Fund

itself.

Holdings

are

subject

to

change.

The

ratings

disclosed

are

the

lowest

rating

given

by

one

of

the

following

national

rating

agencies:

Standard

&

Poor’s

Group,

Moody’s

Investors

Service,

Inc.

or

Fitch,

Inc.

Credit

ratings

are

subject

to

change.

AAA,

AA,

A

and

BBB

are

investment

grade

ratings;

BB,

B,

CCC,

CC,

C

and

D

are

below-investment

grade

ratings.

Holdings

designated

N/R

are

not

rated

by

these

national

rating

agencies.

Fund

Allocation

(%

of

net

assets)

Municipal

Bonds

154

.2‌

%

Common

Stocks

3

.9‌

%

Corporate

Bonds

0

.0‌

%

Variable

Rate

Senior

Loan

Interests

0

.0‌

%

Short-Term

Municipal

Bonds

1

.3‌

%

Other

Assets

&

Liabilities,

Net

5.3%

Floating

Rate

Obligations

(35.4)%

AMTP

Shares,

Net

(

29

.3‌

)

%

Net

Assets

100‌

%

Portfolio

Credit

Quality

(%

of

total

investment

exposure)

U.S.

Guaranteed

0.7%

AAA

1.2%

AA

8.2%

A

18.6%

BBB

12.8%

BB

or

Lower

8.4%

N/R

(not

rated)

47.6%

N/A

(not

applicable)

2.5%

Total

100‌

%

Portfolio

Composition

(%

of

total

investments)

Tax

Obligation/Limited

29.6%

Transportation

18.0%

Health

Care

11.1%

Education

and

Civic

Organizations

10.6%

Tax

Obligation/General

7.2%

Housing/Multifamily

5.4%

Industrials

4.6%

Other

11.0%

Common

Stocks

2.5%

Corporate

Bonds

0.0%

Variable

Rate

Senior

Loan

Interests

0.0%

Total

100%

States

and

Territories

1

(%

of

total

municipal

bonds)

Florida

11.7%

Illinois

11.5%

Colorado

9.3%

California

8.7%

New

York

8.0%

Puerto

Rico

6.3%

Wisconsin

5.6%

Texas

4.3%

Missouri

2.7%

Ohio

2.7%

New

Jersey

2.6%

Arizona

2.5%

Virginia

2.4%

Michigan

2.0%

Alabama

1.9%

Kentucky

1.7%

District

of

Columbia

1.7%

Washington

1.3%

South

Carolina

1.2%

Iowa

1.2%

Indiana

1.1%

Oklahoma

1.1%

Pennsylvania

1.1%

Nebraska

0.7%

Louisiana

0.7%

Other

6.0%

Total

100%

1

See

the

Portfolio

of

Investments

for

the

remaining

states

comprising

"Other"

and

not

listed

in

the

table

above.

14

Nuveen

Municipal

Credit

Opportunities

Fund

Performance

Overview

and

Holding

Summaries

as

of

April

30,

2024

NMCO

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

the

terms

used

within

this

section.

Fund

Performance*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

S&P

Municipal

Yield

Index.

Performance

data

shown

represents

past

performance

and

does

not

predict

or

guarantee

future

results.

Current

per-

formance

may

be

higher

or

lower

than

the

data

shown.

Returns

do

not

reflect

the

deduction

of

taxes

that

shareholders

may

have

to

pay

on

Fund

distributions

or

upon

the

sale

of

Fund

shares.

Returns

at

NAV

are

net

of

Fund

expenses,

and

assume

reinvestment

of

distributions.

Comparative

index

return

information

is

provided

for

the

Fund’s

shares

at

NAV

only.

Indexes

are

not

available

for

direct

investment.

Daily

Common

Share

NAV

and

Share

Price

Total

Returns

as

of

April

30,

2024

Cumulative

Average

Annual

Inception

Date

6-Month

1-Year

Since

Inception

NMCO

at

Common

Share

NAV

9/16/19

17.24%

1.33%

(0.62)%

NMCO

at

Common

Share

Price

9/16/19

20.22%

(3.31)%

(3.07)%

S&P

Municipal

Yield

Index

—

11.60%

5.83%

1.90%

15

Holdings

Summaries

as

of

April

30,

2024

This

data

relates

to

the

securities

held

in

the

Fund’s

portfolio

of

investments

as

of

the

end

of

the

reporting

period.

It

should

not

be

construed

as

a

measure

of

performance

for

the

Fund

itself.

Holdings

are

subject

to

change.

The

ratings

disclosed

are

the

lowest

rating

given

by

one

of

the

following

national

rating

agencies:

Standard

&

Poor’s

Group,

Moody’s

Investors

Service,

Inc.

or

Fitch,

Inc.

Credit

ratings

are

subject

to

change.

AAA,

AA,

A

and

BBB

are

investment

grade

ratings;

BB,

B,

CCC,

CC,

C

and

D

are

below-investment

grade

ratings.

Holdings

designated

N/R

are

not

rated

by

these

national

rating

agencies.

Fund

Allocation

(%

of

net

assets)

Municipal

Bonds

146

.6‌

%

Common

Stocks

9

.0‌

%

Variable

Rate

Senior

Loan

Interests

0

.0‌

%

Other

Assets

&

Liabilities,

Net

14.3%

Floating

Rate

Obligations

(4.2)%

MFP

Shares,

Net

(

65

.7‌

)

%

Net

Assets

100‌

%

Portfolio

Credit

Quality

(%

of

total

investment

exposure)

U.S.

Guaranteed

0.2%

AA

2.2%

A

8.5%

BBB

10.5%

BB

or

Lower

16.2%

N/R

(not

rated)

56.6%

N/A

(not

applicable)

5.8%

Total

100‌

%

Portfolio

Composition

(%

of

total

investments)

Tax

Obligation/Limited

26.2%

Education

and

Civic

Organizations

15.0%

Transportation

11.8%

Consumer

Staples

7.4%

Long-Term

Care

7.1%

Tax

Obligation/General

6.8%

Industrials

6.3%

Health

Care

5.5%

Other

8.1%

Common

Stocks

5.8%

Variable

Rate

Senior

Loan

Interests

0.0%

Total

100%

States

and

Territories

1

(%

of

total

municipal

bonds)

Florida

10.8%

Illinois

10.1%

Colorado

10.0%

Wisconsin

9.0%

New

York

7.3%

Ohio

5.1%

California

4.6%

Puerto

Rico

4.5%

Texas

3.5%

Alabama

3.2%

Georgia

2.5%

Pennsylvania

2.4%

District

of

Columbia

2.4%

New

Jersey

2.4%

Arizona

2.2%

Virgin

Islands

2.0%

Utah

1.8%

Virginia

1.6%

Louisiana

1.5%

Arkansas

1.4%

Idaho

1.0%

Kansas

1.0%

Alaska

0.8%

Tennessee

0.8%

Missouri

0.8%

Other

7.3%

Total

100%

1

See

the

Portfolio

of

Investments

for

the

remaining

states

comprising

"Other"

and

not

listed

in

the

table

above.

16

Nuveen

Dynamic

Municipal

Opportunities

Fund

Performance

Overview

and

Holding

Summaries

as

of

April

30,

2024

NDMO

Refer

to

the

Glossary

of

Terms

Used

in

this

Report

for

further

definition

of

the

terms

used

within

this

section.

Fund

Performance*

*

For

purposes

of

Fund

performance,

relative

results

are

measured

against

the

S&P

Municipal

Bond

Index.

Performance

data

shown

represents

past

performance

and

does

not

predict

or

guarantee

future

results.

Current

per-

formance

may

be

higher

or

lower

than

the

data

shown.

Returns

do

not

reflect

the

deduction

of

taxes

that

shareholders

may

have

to

pay

on

Fund

distributions

or

upon

the

sale

of

Fund

shares.

Returns

at

NAV

are

net

of

Fund

expenses,

and

assume

reinvestment

of

distributions.

Comparative

index

return

information

is

provided

for

the

Fund’s

shares

at

NAV

only.

Indexes

are

not

available

for

direct

investment.

Daily

Common

Share

NAV

and

Share

Price

Total

Returns

as

of

April

30,

2024

Cumulative

Average

Annual

Inception

Date

6-Month

1-Year

Since

Inception

NDMO

at

Common

Share

NAV

8/26/20

14.93%

5.77%

(2.12)%

NDMO

at

Common

Share

Price

8/26/20

21.33%

7.98%

(2.44)%

S&P

Municipal

Yield

Index

—

11.60%

5.83%

1.48%

S&P

Municipal

Bond

Index

—

7.14%

2.35%

(0.09)%

17

Holdings

Summaries

as

of

April

30,

2024

This

data

relates

to

the

securities

held

in

the

Fund’s

portfolio

of

investments

as

of

the

end

of

the

reporting

period.

It

should

not

be

construed

as

a

measure

of

performance

for

the

Fund

itself.

Holdings

are

subject

to

change.

The

ratings

disclosed

are

the

lowest

rating

given

by

one

of

the

following

national

rating

agencies:

Standard

&

Poor’s

Group,

Moody’s

Investors

Service,

Inc.

or

Fitch,

Inc.

Credit

ratings

are

subject

to

change.

AAA,

AA,

A

and

BBB

are

investment

grade

ratings;

BB,

B,

CCC,

CC,

C

and

D

are

below-investment

grade

ratings.

Holdings

designated

N/R

are

not

rated

by

these

national

rating

agencies.

Fund

Allocation

(%

of

net

assets)

Municipal

Bonds

123

.8‌

%

U.S.

Government

and

Agency

Obligations

4

.5‌

%

Corporate

Bonds

1

.9‌

%

Common

Stocks

0

.1‌

%

Variable

Rate

Senior

Loan

Interests

0

.0‌

%

Short-Term

Municipal

Bonds

0

.8‌

%

Other

Assets

&

Liabilities,

Net

8.4%

Floating

Rate

Obligations

(2.6)%

MFP

Shares,

Net

(

36

.9‌

)

%

Net

Assets

100‌

%

Portfolio

Credit

Quality

(%

of

total

investment

exposure)

AAA

1.0%

AA

20.6%

A

18.5%

BBB

7.7%

BB

or

Lower

12.5%

N/R

(not

rated)

39.7%

Total

100‌

%

Portfolio

Composition

(%

of

total

investments)

Tax

Obligation/Limited

25.8%

Transportation

16.6%

Utilities

12.8%

Education

and

Civic

Organizations

12.2%

Tax

Obligation/General

7.7%

Health

Care

7.2%

Industrials

5.2%

Other

7.5%

U.S.

Government

and

Agency

Obligations

3.5%

Corporate

Bonds

1.4%

Common

Stocks

0.1%

Variable

Rate

Senior

Loan

Interests

0.0%

Total

100%

States

and

Territories

1

(%

of

total

municipal

bonds)

New

York

16.1%

Colorado

13.9%

Florida

9.1%

Texas

6.4%

California

6.1%

Arizona

5.3%

Alabama

5.1%

Illinois

4.4%

Puerto

Rico

4.0%

Wisconsin

3.8%

Pennsylvania

3.2%

Indiana

2.1%

Nebraska

1.7%

Tennessee

1.5%

District

of

Columbia

1.4%

Arkansas

1.4%

Michigan

1.3%

Washington

1.1%

Minnesota

1.0%

Georgia

0.9%

Ohio

0.8%

Missouri

0.8%

New

Mexico

0.8%

Virginia

0.8%

Louisiana

0.7%

Other

6.3%

Total

100%

1

See

the

Portfolio

of

Investments

for

the

remaining

states

comprising

"Other"

and

not

listed

in

the

table

above.

18

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

Portfolio

of

Investments

April

30,

2024

(Unaudited)

NVG

vb

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

LONG-TERM

INVESTMENTS

-

165.4% 

(98.9%

of

Total

Investments)

X

–

MUNICIPAL

BONDS

-

163.8%

(97.9%

of

Total

Investments)

X

4,690,795,609

Alabama

-

2.2%

(1.3%

of

Total

Investments)

$

3,645

(c)

Alabama

Private

Colleges

and

University

Facilities

Authority,

Limited

Obligation

Bonds,

University

of

Mobile

Project,

Series

2015A,

6.000%,

9/01/45

9/25

at

100.00

$

3,662,646

2,060

Birmingham-Jefferson

Civic

Center

Authority,

Alabama,

Special

Tax

Bonds,

Series

2018A,

4.000%,

7/01/43

7/28

at

100.00

1,963,707

7,500

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Prepay

Morgan

Stanley

Series

2022C-1,

5.250%,

2/01/53,

(Mandatory

Put

6/01/29)

3/29

at

100.15

7,828,882

2,285

Jefferson

County,

Alabama,

Sewer

Revenue

Warrants,

Series

2024,

5.250%,

10/01/49

10/33

at

100.00

2,407,714

30,730

Lower

Alabama

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2016A,

5.000%,

9/01/46

No

Opt.

Call

31,658,307

8,100

Mobile

Spring

Hill

College

Educational

Building

Authority,

Alabama,

Revenue

Bonds,

Spring

Hill

College

Project,

Series

2015,

5.875%,

4/15/45

4/25

at

100.00

6,029,027

The

Improvement

District

of

the

City

of

Mobile

-

McGowin

Park

Project,

Alabama,

Sales

Tax

Revenue

Bonds,

Series

2016A

:

1,000

5.250%,

8/01/30

8/26

at

100.00

957,146

1,300

5.500%,

8/01/35

8/26

at

100.00

1,234,189

Tuscaloosa

County

Industrial

Development

Authority,

Alabama,

Gulf

Opportunity

Zone

Bonds,

Hunt

Refining

Project,

Refunding

Series

2019A

:

2,914

(c)

4.500%,

5/01/32

5/24

at

100.00

2,911,808

4,220

(c)

5.250%,

5/01/44

5/29

at

100.00

4,229,173

Total

Alabama

62,882,599

Alaska

-

0.6%

(0.3%

of

Total

Investments)

2,000

Alaska

Housing

Finance

Corporation,

Mortgage

Revenue

Bonds,

General

Series

2024A-II,

4.700%,

12/01/49

6/33

at

100.00

2,001,508

Northern

Tobacco

Securitization

Corporation,

Alaska,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A

Class

1

:

4,490

4.000%,

6/01/41

6/31

at

100.00

4,354,531

8,100

4.000%,

6/01/50

6/31

at

100.00

7,320,256

915

Northern

Tobacco

Securitization

Corporation,

Alaska,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2021B-1

Class

2,

4.000%,

6/01/50

6/31

at

100.00

916,656

14,045

Northern

Tobacco

Securitization

Corporation,

Alaska,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2021B-2

Class

2,

0.000%,

6/01/66

6/31

at

30.73

1,722,168

Total

Alaska

16,315,119

Arizona

-

2.2%

(1.3%

of

Total

Investments)

5,000

Arizona

Board

of

Regents,

Arizona

State

University

System

Revenue

Bonds,

Green

Series

2024A,

5.000%,

7/01/50,

(WI/DD)

7/34

at

100.00

5,356,697

1,475

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2017D,

5.000%,

7/01/47

7/27

at

100.00

1,386,294

6,290

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Academies

of

Math

&

Science

Projects,

Series

2019,

5.000%,

7/01/54

7/29

at

100.00

5,794,362

3,260

(c)

Arizona

Industrial

Development

Authority,

Education

Facility

Revenue

Bonds,

Caurus

Academy

Project,

Series

2018A,

6.375%,

6/01/39

6/28

at

100.00

3,392,967

19

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Arizona

(continued)

$

3,142

(c),(d)

Cahava

Springs

Revitalization

District,

Cave

Creek,

Arizona,

Special

Assessment

Bonds,

Series

2017A,

7.000%,

7/01/41

7/27

at

100.00

$

2,419,491

1,350

(c)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Series

2021A,

4.000%,

7/01/56

7/31

at

100.00

1,019,744

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Taxable

Series

2019B

:

1,730

(c)

5.000%,

7/01/49

7/29

at

100.00

1,617,214

1,975

(c)

5.000%,

7/01/54

7/29

at

100.00

1,819,374

800

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Reid

Traditional

School

Projects,

Series

2016,

5.000%,

7/01/47

7/26

at

100.00

780,243

Phoenix

Civic

Improvement

Corporation,

Arizona,

Revenue

Bonds,

Civic

Plaza

Expansion

Project,

Series

2005B

:

6,000

5.500%,

7/01/37

-

FGIC

Insured

No

Opt.

Call

7,309,148

8,755

5.500%,

7/01/39

-

FGIC

Insured

No

Opt.

Call

10,687,296

Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2016A

:

620

(c)

5.000%,

7/01/35

7/25

at

100.00

621,973

1,025

(c)

5.000%,

7/01/46

7/25

at

100.00

970,924

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Series

2016

:

1,130

5.250%,

7/01/36

7/26

at

100.00

1,131,616

1,850

5.375%,

7/01/46

7/26

at

100.00

1,778,952

2,135

5.500%,

7/01/51

7/26

at

100.00

2,053,171

2,920

(c)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Series

2019,

5.875%,

7/01/51

7/26

at

103.00

2,926,833

3,050

(c)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

San

Tan

Montessori

School

Project,

Series

2017,

6.750%,

2/01/50

2/28

at

100.00

3,123,325

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007

:

6,120

5.000%,

12/01/32

No

Opt.

Call

6,439,948

2,365

5.000%,

12/01/37

No

Opt.

Call

2,515,435

Total

Arizona

63,145,007

Arkansas

-

0.6%

(0.4%

of

Total

Investments)

Arkansas

Development

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2024A

:

1,000

4.600%,

7/01/49,

(WI/DD)

7/33

at

100.00

994,498

1,000

4.650%,

1/01/54,

(WI/DD)

7/33

at

100.00

1,003,211

Arkansas

Development

Finance

Authority,

Tobacco

Settlement

Revenue

Bonds,

Arkansas

Cancer

Research

Center

Project,

Series

2006

:

2,635

0.000%,

7/01/36

-

AMBAC

Insured

No

Opt.

Call

1,576,461

20,480

0.000%,

7/01/46

-

AMBAC

Insured

No

Opt.

Call

6,743,896

8,425

Springdale,

Arkansas,

Sales

and

Use

Tax

Revenue

Bonds,

Refunding

&

Improvement

Series

2023B,

4.125%,

8/01/50

-

BAM

Insured

2/30

at

100.00

8,133,821

Total

Arkansas

18,451,887

California

-

11.7%

(7.0%

of

Total

Investments)

6,135

Alhambra

Unified

School

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Capital

Appreciation

Series

2009B,

0.000%,

8/01/30

-

AGC

Insured

No

Opt.

Call

4,999,338

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

20

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

Anaheim

Public

Financing

Authority,

California,

Lease

Revenue

Bonds,

Public

Improvement

Project,

Series

1997C

:

$

6,820

(e)

0.000%,

9/01/35

-

AGM

Insured,

(ETM)

No

Opt.

Call

$

4,668,385

5,795

0.000%,

9/01/35

-

AGM

Insured

No

Opt.

Call

3,892,239

4,100

Antelope

Valley

Healthcare

District,

California,

Revenue

Bonds,

Series

2016A,

5.000%,

3/01/41

3/26

at

100.00

3,877,235

3,875

Bakersfield

City

School

District,

Kern

County,

California,

General

Obligation

Bonds,

Election

2016

Series

2022C,

2.500%,

11/01/46

-

BAM

Insured

11/31

at

100.00

2,653,405

1,650

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2023C,

5.250%,

1/01/54,

(Mandatory

Put

10/01/31)

10/30

at

100.65

1,722,253

2,325

(c)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Fountains

at

Emerald

Park,

Senior

Lien

Series

2021A-1,

3.000%,

8/01/56

8/31

at

100.00

1,618,403

2,000

(c)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Summit

at

Sausalito

Apartments,

Series

2021A-1,

3.000%,

2/01/57

8/32

at

100.00

1,363,541

310

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020B-1,

5.000%,

6/01/49

6/30

at

100.00

315,185

50,460

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020B-2,

0.000%,

6/01/55

6/30

at

26.72

9,719,832

1,500

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Bonds,

Gold

Country

Settlement

Funding

Corporation,

Senior

Series

2020A,

4.000%,

6/01/49

12/30

at

100.00

1,422,477

12,940

(f)

California

Educational

Facilities

Authority,

Revenue

Bonds,

Stanford

University

Series

2019V-1,

5.000%,

5/01/49,

(UB)

No

Opt.

Call

14,946,062

5,000

(f)

California

Educational

Facilities

Authority,

Revenue

Bonds,

Stanford

University

Series

2019V-1,

5.000%,

5/01/49

No

Opt.

Call

5,775,140

10,000

California

Educational

Facilities

Authority,

Revenue

Bonds,

Stanford

University

Series

2021V-2,

5.000%,

4/01/51

No

Opt.

Call

11,525,598

8,300

(f)

California

Educational

Facilities

Authority,

Revenue

Bonds,Stanford

University,

Refunding

Series

2014U-6,

5.000%,

5/01/45,

(UB)

No

Opt.

Call

9,709,068

1,000

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

Stanford

Hospitals

and

Clinics,

Series

2015A,

5.000%,

8/15/54

8/25

at

100.00

1,007,077

California

Municipal

Finance

Authority,

Charter

School

Revenue

Bonds,

Palmdale

Aerospace

Academy

Project,

Series

2016A

:

3,065

(c)

5.000%,

7/01/31

7/26

at

100.00

3,100,489

1,000

(c)

5.000%,

7/01/36

7/26

at

100.00

1,004,611

555

(c)

5.000%,

7/01/41

7/26

at

100.00

541,843

195

(c)

5.000%,

7/01/46

7/26

at

100.00

186,187

California

Municipal

Finance

Authority,

Education

Revenue

Bonds,  American

Heritage

Foundation

Project,

Series

2016A

:

260

5.000%,

6/01/36

6/26

at

100.00

262,145

435

5.000%,

6/01/46

6/26

at

100.00

416,043

3,000

(c)

California

Municipal

Finance

Authority,

Revenue

Bonds,

Simpson

University,

Series

2020A,

6.000%,

10/01/50

10/27

at

103.00

3,026,785

5,425

(c)

California

Pollution

Control

Financing

Authority,

Water

Furnishing

Revenue

Bonds,

San

Diego

County

Water

Authoriity

Desalination

Project

Pipeline,

Refunding

Series

2019,

5.000%,

11/21/45

1/29

at

100.00

5,512,544

2,050

California

Public

Finance

Authority,

Revenue

Bonds,

Henry

Mayo

Newhall

Hospital,

Series

2017,

5.000%,

10/15/47

10/26

at

100.00

1,974,899

21

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

735

(c)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Downtown

College

Prep

-

Obligated

Group,

Series

2016,

5.000%,

6/01/46

6/26

at

100.00

$

696,403

715

(c)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Rocketship

Education

Obligated

Group,

Series

2016A,

5.000%,

6/01/36

6/25

at

100.00

717,132

570

(c)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Rocketship

Education

Obligated

Group,

Series

2017A,

5.125%,

6/01/47

6/26

at

100.00

556,781

80

California

State,

General

Obligation

Bonds,

Series

2002,

5.000%,

10/01/32

-

NPFG

Insured

5/24

at

100.00

80,046

5

California

State,

General

Obligation

Bonds,

Series

2004,

5.000%,

4/01/31

-

AMBAC

Insured

5/24

at

100.00

5,003

6,290

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2014A,

5.500%,

12/01/54

12/24

at

100.00

6,309,544

63,130

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A,

5.250%,

12/01/56

6/26

at

100.00

63,432,424

7,130

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2018A,

5.500%,

12/01/58

6/28

at

100.00

7,264,424

4,000

(e)

California

Statewide

Communities

Development

Authority,

Revenue

Bonds,

Huntington

Memorial

Hospital,

Refunding

Series

2014B,

4.000%,

7/01/39,

(Pre-refunded

7/01/24)

7/24

at

100.00

4,001,396

California

Statewide

Community

Development

Authority,

Revenue

Bonds,

Daughters

of

Charity

Health

System,

Series

2005A

:

16

(d),(g)

5.750%,

7/01/30

1/22

at

100.00

16,298

47

(d),(g)

5.750%,

7/01/35

1/22

at

100.00

47,035

5,000

(e)

Clovis

Unified

School

District,

Fresno

County,

California,

General

Obligation

Bonds,

Series

2001A,

0.000%,

8/01/25

-

FGIC

Insured,

(ETM)

No

Opt.

Call

4,783,837

5,330

(c)

CMFA

Special

Finance

Agency

VII,

California,

Essential

Housing

Revenue

Bonds,

Senior

Lien

Series

2021A-1,

3.000%,

8/01/56

8/31

at

100.00

3,548,825

4,000

(c)

CMFA

Special

Finance

Agency,

California,

Essential

Housing

Revenue

Bonds,

Latitude

33,

Senior

Series

2021A-1,

3.000%,

12/01/56

12/31

at

100.00

2,759,304

3,410

Coachella

Valley

Unified

School

District,

Riverside

County,

California,

General

Obligation

Bonds,

Election

2005

Series

2010C,

0.000%,

8/01/33

-

AGM

Insured

No

Opt.

Call

2,461,774

14,375

Corona-Norco

Unified

School

District,

Riverside

County,

California,

General

Obligation

Bonds,

Capital

Appreciation,

Election

2006

Refunding

Series

2009C,

0.000%,

8/01/39

-

AGM

Insured

No

Opt.

Call

7,300,937

2,000

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

777

Place-Pomona,

Senior

Lien

Series

2021A-1,

3.600%,

5/01/47

5/32

at

100.00

1,646,088

5,000

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

777

Place-Pomona,

Senior

Lien

Series

2021A-2,

3.250%,

5/01/57

5/32

at

100.00

3,457,628

5,000

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Escondido

Portfolio,

Social

Senior

Lien

Series

2021A-2,

4.000%,

6/01/58

6/31

at

100.00

3,727,491

4,720

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Moda

at

Monrovia

Station,

Social

Series

2021A-1,

3.400%,

10/01/46

10/31

at

100.00

3,752,210

15,985

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Monterrey

Station

Apartments,

Senior

Lien

Series

2021A-

1,

3.125%,

7/01/56

7/32

at

100.00

10,553,022

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

22

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

5,000

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Pasadena

Portfolio

Social

Bond,

Series

2021A-2,

3.000%,

12/01/56

12/31

at

100.00

$

3,449,130

2,475

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Vineyard

Gardens

Apartments,

Senior

Lien

Series

2021A,

3.250%,

10/01/58

4/32

at

100.00

1,670,378

12,500

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Wood

Creek

Apartments,

Mezzanine

Lien

Series

2021A-

2,

4.000%,

12/01/58

6/32

at

100.00

9,260,530

El

Rancho

Unified

School

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Election

2010

Series

2011A

:

2,615

6.900%,

8/01/31

-

AGM

Insured

8/28

at

100.00

3,017,996

3,600

7.050%,

8/01/34

-

AGM

Insured

8/28

at

100.00

4,172,241

Foothill/Eastern

Transportation

Corridor

Agency,

California,

Toll

Road

Revenue

Bonds,

Refunding

Senior

Lien

Series

2015A

:

3,960

0.000%,

1/15/34

-

AGM

Insured

No

Opt.

Call

2,798,563

5,000

0.000%,

1/15/35

-

AGM

Insured

No

Opt.

Call

3,396,172

910

Foothill/Eastern

Transportation

Corridor

Agency,

California,

Toll

Road

Revenue

Bonds,

Refunding

Series

2013A,

6.850%,

1/15/42

1/31

at

100.00

1,078,608

4,595

Foothill/Eastern

Transportation

Corridor

Agency,

California,

Toll

Road

Revenue

Bonds,

Refunding

Term

Rate

Sub-Series

2013B-1,

3.500%,

1/15/53

7/29

at

100.00

3,785,913

7,860

Golden

State

Tobacco

Securitization

Corporation,

California,

Tobacco

Settlement

Asset-Backed

Bonds,

Capital

Appreciation

Series

2021B-2,

0.000%,

6/01/66

12/31

at

27.75

798,127

1,825

Golden

State

Tobacco

Securitization

Corporation,

California,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Series

2022A-1,

5.000%,

6/01/51

12/31

at

100.00

1,887,734

Kern

Community

College

District,

California,

General

Obligation

Bonds,

Safety,

Repair

&

Improvement,

Election

2002

Series

2006

:

5,600

0.000%,

11/01/24

-

AGM

Insured

No

Opt.

Call

5,500,611

5,795

0.000%,

11/01/25

-

AGM

Insured

No

Opt.

Call

5,496,143

1,075

Lincoln

Public

Financing

Authority,

Placer

County,

California,

Twelve

Bridges

Limited

Obligation

Revenue

Bonds,

Refunding

Series

2011A,

4.375%,

9/02/25

-

AGM

Insured

5/24

at

100.00

1,075,798

7,575

(h)

Mount

San

Antonio

Community

College

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Election

of

2008,

Series

2013A,

0.000%,

8/01/43

8/35

at

100.00

7,258,268

3,310

M-S-R

Energy

Authority,

California,

Gas

Revenue

Bonds,

Citigroup

Prepay

Contracts,

Series

2009B,

6.500%,

11/01/39

No

Opt.

Call

4,132,627

Oceanside

Unified

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Capital

Appreciation,

2008

Election

Series

2009A

:

3,960

0.000%,

8/01/26

-

AGC

Insured

No

Opt.

Call

3,655,997

605

(e)

0.000%,

8/01/26

-

AGC

Insured,

(ETM)

No

Opt.

Call

561,212

540

(e)

0.000%,

8/01/26

-

AGC

Insured,

(ETM)

No

Opt.

Call

500,917

530

(e)

0.000%,

8/01/26

-

AGC

Insured,

(ETM)

No

Opt.

Call

491,641

270

(e)

0.000%,

8/01/26

-

AGC

Insured,

(ETM)

No

Opt.

Call

250,458

1,715

0.000%,

8/01/28

-

AGC

Insured

No

Opt.

Call

1,481,176

225

(e)

0.000%,

8/01/28

-

AGC

Insured,

(ETM)

No

Opt.

Call

197,099

170

(e)

0.000%,

8/01/28

-

AGC

Insured,

(ETM)

No

Opt.

Call

148,920

110

(e)

0.000%,

8/01/28

-

AGC

Insured,

(ETM)

No

Opt.

Call

96,360

3,905

Orange

County,

California,

Special

Tax

Bonds,

Community

Facilities

District

2015-1

Esencia

Village,

Series

2015A,

4.250%,

8/15/38

8/25

at

100.00

3,874,532

23

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

Palo

Alto,

California,

Certificates

of

Participation,

Public

Safety

Building,

Series

2021

:

$

2,560

2.000%,

11/01/42

11/30

at

100.00

$

1,686,979

1,940

2.125%,

11/01/44

11/30

at

100.00

1,257,683

3,700

Palomar

Pomerado

Health,

California,

General

Obligation

Bonds,

Capital

Appreciation,

Election

of

2004,

Series

2007A,

0.000%,

8/01/25

-

NPFG

Insured

No

Opt.

Call

3,504,903

7,935

Palomar

Pomerado

Health,

California,

General

Obligation

Bonds,

Series

2009A,

7.000%,

8/01/38

-

AGC

Insured

8/29

at

100.00

9,022,842

9,145

Pittsburg

Redevelopment

Agency,

California,

Tax

Allocation

Bonds,

Los

Medanos

Community

Development

Project,

Series

1999,

0.000%,

8/01/30

-

AMBAC

Insured

No

Opt.

Call

7,302,658

San

Clemente,

California,

Special

Tax

Revenue

Bonds,

Community

Facilities

District

2006-1

Marblehead

Coastal,

Series

2015

:

480

5.000%,

9/01/40

9/25

at

100.00

484,648

905

5.000%,

9/01/46

9/25

at

100.00

911,446

San

Joaquin

Hills

Transportation

Corridor

Agency,

Orange

County,

California,

Toll

Road

Revenue

Bonds,

Refunding

Senior

Lien

Series

2014A

:

2,680

(e)

5.000%,

1/15/44,

(Pre-refunded

1/15/25)

1/25

at

100.00

2,709,642

8,275

(e)

5.000%,

1/15/50,

(Pre-refunded

1/15/25)

1/25

at

100.00

8,366,525

3,400

San

Mateo

County

Community

College

District,

California,

General

Obligation

Bonds,

Series

2006C,

0.000%,

9/01/30

-

NPFG

Insured

No

Opt.

Call

2,761,052

4,340

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

1997

Election

Series

2012G,

0.000%,

8/01/34

-

AGM

Insured

No

Opt.

Call

2,942,800

Santa

Ana

Financing

Authority,

California,

Lease

Revenue

Bonds,

Police

Administration

and

Housing

Facility,

Series

1994A

:

1,265

(e)

6.250%,

7/01/24,

(ETM)

No

Opt.

Call

1,269,640

1,265

6.250%,

7/01/24

No

Opt.

Call

1,269,576

605

(c)

Temecula

Public

Financing

Authority,

California,

Special

Tax

Bonds,

Community

Facilities

District

16-01,

Series

2017,

6.250%,

9/01/47

9/27

at

100.00

628,943

Total

California

336,514,874

Colorado

-

9.0%

(5.4%

of

Total

Investments)

4,300

Aerotropolis

Regional

Transportation

Authority,

Colorado,

Special

Revenue

Bonds,

Series

2021,

4.375%,

12/01/52

12/26

at

103.00

3,524,676

850

Aviation

Station

North

Metropolitan

District

2,

Denver

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2019A,

5.000%,

12/01/39

9/24

at

103.00

805,734

Base

Village

Metropolitan

District

2,

Colorado,

General

Obligation

Bonds,

Refunding

Series

2016A

:

806

5.500%,

12/01/36

5/24

at

101.00

807,992

1,175

5.750%,

12/01/46

5/24

at

101.00

1,171,274

700

Brighton

Crossing

Metropolitan

District

4,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Convertible

to

Unlimited

Tax,

Series

2017A,

5.000%,

12/01/47

5/24

at

102.00

656,203

3,410

Canyons

Metropolitan

District

5,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017A,

6.125%,

12/01/47

5/24

at

102.00

3,367,784

1,690

Canyons

Metropolitan

District

6,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017A,

6.125%,

12/01/47

5/24

at

102.00

1,654,773

Centerra

Metropolitan

District

1,

Loveland,

Colorado,

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017

:

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

24

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

1,140

(c)

5.000%,

12/01/37

5/24

at

102.00

$

1,094,406

5,465

(c)

5.000%,

12/01/47

5/24

at

102.00

4,909,738

4,475

Centerra

Metropolitan

District

1,

Loveland,

Colorado,

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2020A,

5.000%,

12/01/51

12/25

at

103.00

3,982,701

930

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Flagstaff

Academy

Project,

Refunding

Series

2016,

3.625%,

8/01/46

8/26

at

100.00

733,175

1,165

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

The

Classical

Academy

Project,

Refunding

Series

2015A,

5.000%,

12/01/38

12/24

at

100.00

1,168,881

3,675

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Vanguard

School

Project,

Refunding

&

Improvement

Series

2016,

3.750%,

6/15/47

6/26

at

100.00

3,038,915

1,750

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Weld

County

School

District

6

-

Frontier

Academy,

Refunding

&

Improvement

Series

2016,

3.250%,

6/01/46

6/26

at

100.00

1,328,162

Colorado

Health

Facilities

Authority,

Colorado,

Health

Facilities

Revenue

Bonds,

The

Evangelical

Lutheran

Good

Samaritan

Society

Project,

Refunding

Series

2017

:

2,460

(e)

5.000%,

6/01/42,

(Pre-refunded

6/01/27)

6/27

at

100.00

2,588,596

23,470

(e)

5.000%,

6/01/47,

(Pre-refunded

6/01/27)

6/27

at

100.00

24,696,887

2,900

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-2,

4.000%,

8/01/49

8/29

at

100.00

2,637,761

4,900

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Covenant

Living

Communities

&

Services,

Series

2020A,

4.000%,

12/01/50

12/27

at

103.00

3,954,569

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Evangelical

Lutheran

Good

Samaritan

Society

Project,

Series

2013A

:

1,410

(e)

5.000%,

6/01/32,

(Pre-refunded

6/01/25)

6/25

at

100.00

1,429,102

2,000

(e)

5.000%,

6/01/33,

(Pre-refunded

6/01/25)

6/25

at

100.00

2,027,094

5,870

(e)

5.000%,

6/01/40,

(Pre-refunded

6/01/25)

6/25

at

100.00

5,949,522

6,920

(e)

5.000%,

6/01/45,

(Pre-refunded

6/01/25)

6/25

at

100.00

7,013,747

2,035

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Frasier

Meadows

Project,

Refunding

&

Improvement

Series

2017A,

5.250%,

5/15/47

5/27

at

100.00

2,005,538

13,610

Colorado

Housing

and

Finance

Authority,

Multifamily

Project

Bonds,

Class

I

Series

2020B,

2.350%,

10/01/43

10/29

at

100.00

9,345,089

4,105

Colorado

International

Center

Metropolitan

District

14,

Denver,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2018,

5.875%,

12/01/46

5/24

at

103.00

4,039,320

600

Copperleaf

Metropolitan

District

4,

Arapahoe

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

to

Unlimited

Tax

Series

2020A,

5.000%,

12/01/49

3/25

at

103.00

543,098

1,480

Cornerstar

Metropolitan

District,

Arapahoe

County,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Convertible

to

Unlimited

Tax,

Refunding

Series

2017A,

5.250%,

12/01/47

5/24

at

102.00

1,413,451

1,255

Cornerstar

Metropolitan

District,

Arapahoe

County,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Convertible

to

Unlimited

Tax,

Refunding

Series

2017B,

5.250%,

12/01/47

5/24

at

102.00

1,195,414

500

Crystal

Crossing

Metropolitan

District,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Refunding

Series

2016,

5.250%,

12/01/40

12/25

at

100.00

492,381

Denver

Urban

Renewal

Authority,

Colorado,

Tax

Increment

Revenue

Bonds,

9th

and

Colorado

Urban

Redevelopement

Area,

Series

2018A

:

2,125

(c)

5.250%,

12/01/39

5/24

at

103.00

2,137,539

425

(c)

5.250%,

12/01/39

5/24

at

103.00

427,508

25

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

11,700

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Capital

Appreciation

Series

2010A,

0.000%,

9/01/41

No

Opt.

Call

$

5,412,120

6,525

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Series

1997B,

0.000%,

9/01/26

-

NPFG

Insured

No

Opt.

Call

5,977,342

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Series

2000B

:

17,030

0.000%,

9/01/25

-

NPFG

Insured

No

Opt.

Call

16,200,283

10,005

0.000%,

9/01/32

-

NPFG

Insured

No

Opt.

Call

7,363,835

43,090

0.000%,

9/01/33

-

NPFG

Insured

No

Opt.

Call

30,408,324

E-470

Public

Highway

Authority,

Colorado,

Toll

Revenue

Bonds,

Series

2004A

:

20,000

0.000%,

9/01/27

-

NPFG

Insured

No

Opt.

Call

17,728,908

1,180

0.000%,

9/01/28

-

NPFG

Insured

No

Opt.

Call

1,011,236

7,000

0.000%,

9/01/34

-

NPFG

Insured

No

Opt.

Call

4,738,137

5,575

(c)

Falcon

Area

Water

and

Wastewater

Authority

(El

Paso

County,

Colorado),

Tap

Fee

Revenue

Bonds,

Series

2022A,

6.750%,

12/01/34

9/27

at

103.00

5,491,758

590

Foothills

Metropolitan

District,

Fort

Collins,

Colorado,

Special

Revenue

Bonds,

Series

2014,

6.000%,

12/01/38

12/24

at

100.00

557,561

500

Iron

Mountain

Metropolitan

District

2,

Windsor,

Weld

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2019A,

5.000%,

12/01/39

12/24

at

103.00

472,960

Lambertson

Farms

Metropolitan

District

1,

Colorado,

Revenue

Bonds,

Refunding

&

Improvement

Series

2015

:

1,005

(d)

5.750%,

12/15/46

5/24

at

100.00

879,377

5,355

(d)

6.000%,

12/15/50

5/24

at

100.00

4,749,890

860

Mountain

Shadows

Metropolitan

District,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Refunding

Series

2016,

5.000%,

12/01/35

12/25

at

100.00

860,963

5,155

North

Range

Metropolitan

District

1,

Adams

County,

Colorado,

General

Obligation

Bonds,

Series

2016B,

3.500%,

12/01/45

12/25

at

100.00

4,155,568

North

Range

Metropolitan

District

2,

Adams

County,

Colorado

,

Limited

Tax

General

Obligation

Bonds,

Refunding

Special

Revenue

&

Improvement

Series

2017A

:

978

5.625%,

12/01/37

5/24

at

102.00

967,496

1,000

5.750%,

12/01/47

5/24

at

102.00

985,314

Painted

Prairie

Public

Improvement

Authority,

Aurora,

Colorado,

Special

Revenue

Bonds,

Series

2019

:

3,380

5.000%,

12/01/39

12/24

at

103.00

3,160,330

6,900

5.000%,

12/01/49

12/24

at

103.00

6,060,884

Park

70

Metropolitan

District,

Aurora,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Refunding

&

Improvement

Series

2016

:

660

5.000%,

12/01/36

12/26

at

100.00

668,757

1,060

5.000%,

12/01/46

12/26

at

100.00

1,050,325

660

Park

Creek

Metropolitan

District,

Colorado,

Senior

Limited

Property

Tax

Supported

Revenue

Bonds,

Refunding

Series

2015A,

5.000%,

12/01/45

12/25

at

100.00

648,754

1,000

(c)

Parkdale

Community

Authority,

Erie

County,

Colorado,

Limited

Tax

Supported

Convertible

Capital

Appreciation

Revenue

Bonds,

District

2,

Series

2024A,

7.750%,

12/01/53

3/29

at

103.00

727,870

1,335

(c)

Peak

Metropolitan

District

1,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021A,

5.000%,

12/01/41

3/26

at

103.00

1,187,724

4,000

Peak

Metropolitan

District

3,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Convertible

Capital

Appreciation

Bonds,

Series

2022A-2,

8.000%,

12/01/52

12/27

at

81.40

2,305,716

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

26

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

2,760

(c)

Prairie

Center

Metopolitan

District

No.

3,

In

the

City

of

Brighton,

Adams

County,

Colorado,

Limited

Property

Tax

Supported

Primary

Improvements

Revenue

Bonds,

Refunding

Series

2017A,

5.000%,

12/15/41

12/26

at

100.00

$

2,734,916

1,500

Rampart

Range

Metropolitan

District

5,

Lone

Tree,

Douglas

County,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Series

2021,

4.000%,

12/01/41

10/26

at

102.00

1,244,649

Reata

South

Metropolitan

District,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

Series

2018

:

1,310

5.375%,

12/01/37

5/24

at

103.00

1,323,611

3,265

5.500%,

12/01/47

5/24

at

103.00

3,267,528

5,050

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A,

3.000%,

7/15/37

1/31

at

100.00

4,374,728

1,320

Riverwalk

Metropolitan

District

2,

Glendale,

Arapahoe

County,

Colorado,

Special

Revenue

Bonds,

Series

2022A,

5.000%,

12/01/52

3/27

at

103.00

1,139,871

917

SouthGlenn

Metropolitan

District,

Colorado,

Special

Revenue

Bonds,

Refunding

Series

2016,

5.000%,

12/01/46

5/24

at

101.00

827,935

1,000

St.

Vrain

Lakes

Metropolitan

District

No.

2,

Weld

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2017A,

5.000%,

12/01/37

5/24

at

102.00

984,533

STC

Metropolitan

District

2,

Superior,

Boulder

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Refunding

&

improvement

Series

2019A

:

1,000

5.000%,

12/01/38

12/24

at

103.00

951,036

570

5.000%,

12/01/49

12/24

at

103.00

518,076

765

Sterling

Ranch

Community

Authority

Board,

Douglas

County,

Colorado,

Limited

Tax

Supported

District

2,

Refunding

&

Improvement

Senior

Series

2020A,

4.250%,

12/01/50

12/25

at

102.00

641,225

600

Sterling

Ranch

Community

Authority

Board,

Douglas

County,

Colorado,

Special

Improvement

Revenue

Bonds,

Special

District

1,

Series

2024,

5.625%,

12/01/43

No

Opt.

Call

608,653

2,765

Sterling

Ranch

Metropolitan

District

1,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020,

5.125%,

12/01/50

12/25

at

103.00

2,471,034

450

The

Village

at

Dry

Creek

Metropolitan

District

No.

2,

In

the

City

of

Thornton,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Series

2019,

4.375%,

12/01/44

9/24

at

103.00

419,641

500

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Convertible

Capital

Appreciation

Series

2021A-2,

5.500%,

12/01/51

3/26

at

103.00

377,669

900

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Series

2021A-1,

5.000%,

12/01/51

3/26

at

103.00

711,106

3,410

Vauxmont

Metropolitan

District,

Arvada,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Convertible

to

Unlimited

Tax

Refunding

Subordinate

Series

2020,

5.000%,

12/01/50

-

AGM

Insured

12/29

at

100.00

3,512,912

8,260

West

Globeville

Metropolitan

District

1,

Denver,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2022,

6.750%,

12/01/52

12/29

at

103.00

7,750,724

Total

Colorado

257,772,309

Connecticut

-

4.6%

(2.8%

of

Total

Investments)

Bridgeport,

Connecticut,

General

Obligation

Bonds,

Series

2014A

:

2,345

5.000%,

7/01/32

-

AGM

Insured

7/24

at

100.00

2,349,410

1,600

5.000%,

7/01/34

-

AGM

Insured

7/24

at

100.00

1,602,777

2,800

Bridgeport,

Connecticut,

General

Obligation

Bonds,

Series

2016D,

5.000%,

8/15/41

-

AGM

Insured

8/26

at

100.00

2,839,989

27

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Connecticut

(continued)

Bridgeport,

Connecticut,

General

Obligation

Bonds,

Series

2017A

:

$

1,470

5.000%,

11/01/36

11/27

at

100.00

$

1,534,269

750

5.000%,

11/01/37

11/27

at

100.00

779,858

875

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Connecticut

Childrens

Medical

Center

and

Subsidiaries,

Series

2023E,

4.250%,

7/15/53

1/33

at

100.00

837,313

1,100

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Duncaster,

Inc.,

Series

2014A,

5.000%,

8/01/44

8/24

at

100.00

1,053,967

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Healthcare

Facility

Expansion

Church

Home

of

Hartford

Inc.

Project,

Series

2016A

:

590

(c)

5.000%,

9/01/46

9/26

at

100.00

504,330

2,540

(c)

5.000%,

9/01/53

9/26

at

100.00

2,066,003

3,000

(c)

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Mary

Wade

Home

Issue,

Series

2019A-1,

5.000%,

10/01/54

10/24

at

104.00

2,284,819

1,915

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Middlesex

Hospital,

Series

2015O,

5.000%,

7/01/36

7/25

at

100.00

1,931,401

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Nuvance

Health

Series

2019A

:

2,770

4.000%,

7/01/41

7/29

at

100.00

2,543,677

2,000

4.000%,

7/01/49

7/29

at

100.00

1,714,822

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Quinnipiac

University,

Refunding

Series

2015L

:

5,500

4.125%,

7/01/41

7/25

at

100.00

5,444,727

1,745

5.000%,

7/01/45

7/25

at

100.00

1,755,778

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Quinnipiac

University,

Series

2016M

:

500

5.000%,

7/01/34

7/26

at

100.00

512,282

1,250

5.000%,

7/01/36

7/26

at

100.00

1,275,781

5,145

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Sacred

Heart

University,

Series

2017I-1,

5.000%,

7/01/42

7/27

at

100.00

5,180,223

4,025

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Stamford

Hospital,

Series

2016K,

4.000%,

7/01/46

7/26

at

100.00

3,485,307

2,250

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

University

of

New

Haven,

Series

2018K-1,

5.000%,

7/01/38

7/28

at

100.00

2,222,072

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Yale-New

Haven

Health

Issue,

Series

2014E

:

2,610

5.000%,

7/01/32

7/24

at

100.00

2,613,783

2,740

5.000%,

7/01/33

7/24

at

100.00

2,743,707

900

5.000%,

7/01/34

7/24

at

100.00

901,129

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2023B

:

1,775

4.500%,

11/15/43

5/32

at

100.00

1,788,133

13,425

(f)

4.650%,

11/15/48,

(UB)

5/32

at

100.00

13,489,479

2,940

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2024A,

4.450%,

11/15/44

11/32

at

100.00

2,941,510

3,500

Connecticut

State,

General

Obligation

Bonds,

Series

2014F,

5.000%,

11/15/34

11/24

at

100.00

3,518,150

2,630

Connecticut

State,

General

Obligation

Bonds,

Series

2015F,

5.000%,

11/15/34

11/25

at

100.00

2,678,791

3,750

Connecticut

State,

General

Obligation

Bonds,

Series

2017A,

5.000%,

4/15/35

4/27

at

100.00

3,921,333

Connecticut

State,

General

Obligation

Bonds,

Series

2018A

:

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

28

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Connecticut

(continued)

$

2,315

5.000%,

4/15/37

4/28

at

100.00

$

2,438,513

5,000

5.000%,

4/15/38

4/28

at

100.00

5,241,480

1,035

Connecticut

State,

General

Obligation

Bonds,

Series

2018E,

5.000%,

9/15/37

9/28

at

100.00

1,092,901

1,380

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes

Series

2015A,

5.000%,

8/01/33

8/25

at

100.00

1,401,161

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes

Series

2016A

:

5,300

5.000%,

9/01/33

9/26

at

100.00

5,459,289

1,075

5.000%,

9/01/34

9/26

at

100.00

1,107,000

3,500

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2014A,

5.000%,

9/01/33

9/24

at

100.00

3,512,292

Greater

New

Haven

Water

Pollution

Control

Authority,

Connecticut,

Regional

Wastewater

System

Revenue

Bonds,

Refunding

Series

2014B

:

500

(e)

5.000%,

8/15/30,

(Pre-refunded

8/15/24)

8/24

at

100.00

501,647

1,000

(e)

5.000%,

8/15/31,

(Pre-refunded

8/15/24)

8/24

at

100.00

1,003,295

55

Greater

New

Haven

Water

Pollution

Control

Authority,

Connecticut,

Regional

Wastewater

System

Revenue

Bonds,

Series

2005A,

5.000%,

8/15/35

-

NPFG

Insured

5/24

at

100.00

54,999

225

Hamden,

Connecticut,

General

Obligation

Bonds,

Series

2016,

5.000%,

8/15/32

-

BAM

Insured

8/24

at

100.00

225,806

2,315

(c)

Harbor

Point

Infrastructure

Improvement

District,

Connecticut,

Special

Obligation

Revenue

Bonds,

Harbor

Point

Project,

Refunding

Series

2017,

5.000%,

4/01/39

4/27

at

100.00

2,297,791

10,015

(e)

Hartford

County

Metropolitan

District,

Connecticut,

Clean

Water

Project

Revenue

Bonds,

Refunding

Green

Bond

Series

2014A,

5.000%,

11/01/42,

(Pre-refunded

11/01/24)

11/24

at

100.00

10,077,579

2,285

Hartford

County

Metropolitan

District,

Connecticut,

General

Obligation

Bonds,

Series

2018,

5.000%,

7/15/36

7/28

at

100.00

2,431,791

1,550

New

Haven,

Connecticut,

General

Obligation

Bonds,

Refunding

Series

2016A,

5.000%,

8/15/35

-

AGM

Insured

8/26

at

100.00

1,593,373

985

(e)

New

Haven,

Connecticut,

General

Obligation

Bonds,

Series

2014A,

5.000%,

8/01/33,

(Pre-refunded

8/01/24)

-

AGM

Insured

8/24

at

100.00

987,668

New

Haven,

Connecticut,

General

Obligation

Bonds,

Series

2015

:

790

5.000%,

9/01/32

-

AGM

Insured

9/25

at

100.00

803,620

1,620

5.000%,

9/01/33

-

AGM

Insured

9/25

at

100.00

1,646,643

500

5.000%,

9/01/35

-

AGM

Insured

9/25

at

100.00

507,860

New

Haven,

Connecticut,

General

Obligation

Bonds,

Series

2017A

:

1,045

5.000%,

8/01/35

8/27

at

100.00

1,084,261

1,425

5.000%,

8/01/36

8/27

at

100.00

1,475,088

900

North

Haven,

Connecticut,

General

Obligation

Bonds,

Series

2006,

5.000%,

7/15/24

No

Opt.

Call

902,226

795

(e)

South

Central

Connecticut

Regional

Water

Authority

Water

System

Revenue

Bonds,

Thirtieth

Series

2014A,

5.000%,

8/01/44,

(Pre-refunded

8/01/24)

8/24

at

100.00

797,252

2,220

South

Central

Connecticut

Regional

Water

Authority,

Water

System

Revenue

Bonds,

Refunding

Thirty-Second

Series

2016B,

5.000%,

8/01/37

8/26

at

100.00

2,296,194

500

Stamford,

Connecticut,

Water

Pollution

Control

System

and

Facility

Revenue

Bonds,

Series

2013A,

5.250%,

8/15/43

5/24

at

100.00

500,163

1,285

Steel

Point

Infrastructure

Improvement

District,

Connecticut,

Special

Obligation

Revenue

Bonds,

Steelpointe

Harbor

Project,

Series

2021,

4.000%,

4/01/51

4/30

at

100.00

1,011,206

29

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Connecticut

(continued)

$

1,005

Town

of

Hamden,

Connecticut,

General

Obligation

Bonds,

Refunding

Series

2018A,

5.000%,

8/15/30

-

BAM

Insured

8/28

at

100.00

$

1,063,210

2,250

University

of

Connecticut,

General

Obligation

Bonds,

Series

2015A,

5.000%,

3/15/31

3/26

at

100.00

2,306,672

Waterbury,

Connecticut,

General

Obligation

Bonds,

Lot

A

Series

2015

:

445

5.000%,

8/01/30

-

BAM

Insured

8/25

at

100.00

455,449

390

5.000%,

8/01/31

-

BAM

Insured

8/25

at

100.00

399,214

610

5.000%,

8/01/32

-

BAM

Insured

8/25

at

100.00

624,382

445

5.000%,

8/01/33

-

BAM

Insured

8/25

at

100.00

455,434

445

5.000%,

8/01/34

-

BAM

Insured

8/25

at

100.00

455,443

Total

Connecticut

132,725,722

Delaware

-

0.3%

(0.2%

of

Total

Investments)

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A

:

450

4.625%,

7/01/49

1/33

at

100.00

449,179

700

4.700%,

7/01/54

1/33

at

100.00

697,444

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B

:

1,655

4.650%,

7/01/49,

(WI/DD)

7/33

at

100.00

1,656,501

1,020

4.750%,

7/01/54,

(WI/DD)

7/33

at

100.00

1,021,258

Kent

County,

Delaware,

Student

Housing

&

Dining

Facility

Revenue

Bonds,

Collegiate

Housing

Foundation

-

Dover

LLC

Delaware

State

University

Project,

Series

2018A

:

3,010

5.000%,

7/01/48

1/28

at

100.00

2,988,921

1,000

5.000%,

7/01/58

1/28

at

100.00

966,577

Total

Delaware

7,779,880

District

of

Columbia

-

3.6%

(2.1%

of

Total

Investments)

3,780

District

of

Columbia

Student

Dormitory

Revenue

Bonds,

Provident

Group

-

Howard

Properties

LLC

Issue,

Series

2013,

5.000%,

10/01/45

5/24

at

100.00

3,603,109

182,000

District

of

Columbia

Tobacco

Settlement

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2006A,

0.000%,

6/15/46

5/24

at

25.76

42,454,248

2,620

District

of

Columbia,

Income

Tax

Secured

Revenue

Bonds,

Series

2023A,

5.250%,

5/01/48

5/33

at

100.00

2,873,629

1,500

District

of

Columbia,

Washington,

D.C.,

Revenue

Bonds,

Ingleside

at

Rock

Creek

Project,

Series

2017A,

5.000%,

7/01/42

7/24

at

103.00

1,429,322

Metropolitan

Washington

Airports

Authority,

District

of

Columbia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

Improvement

Projects,

Refunding

Second

Senior

Lien

Series

2022A

:

2,220

4.000%,

10/01/52

-

AGM

Insured

10/31

at

100.00

2,093,600

17,595

2.750%,

10/01/53

-

AGM

Insured

10/31

at

100.00

11,353,309

22,015

3.000%,

10/01/53

-

AGM

Insured

10/31

at

100.00

15,763,068

11,000

(e)

Metropolitan

Washington

Airports

Authority,

District

of

Columbia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

improvement

Projects,

Second

Senior

Lien

Series

2009C,

6.500%,

10/01/41,

(Pre-

refunded

10/01/26)

-

AGC

Insured

10/26

at

100.00

11,809,115

10,000

Metropolitan

Washington

Airports

Authority,

District

of

Columbia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

Capital

Appreciation,

Second

Senior

Lien

Series

2010B,

6.500%,

10/01/44

10/28

at

100.00

10,916,387

Total

District

of

Columbia

102,295,787

Florida

-

4.0%

(2.4%

of

Total

Investments)

990

Bexley

Community

Development

District,

Pasco

County,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2016,

4.700%,

5/01/36

5/26

at

100.00

981,277

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

30

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

1,000

(c)

Capital

Trust

Agency,

Florida,

Educational

Facilities

Lease

Revenue

Bonds,

Franklin

Academy

Projects,

Series

2020,

5.000%,

12/15/50

7/26

at

100.00

$

852,540

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Babcock

Neighborhood

School

Inc,

Series

2018

:

1,290

(c)

6.100%,

8/15/38

8/28

at

100.00

1,347,053

1,045

(c)

6.200%,

8/15/48

8/28

at

100.00

1,074,093

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Babcock

Neighborhood

School

Inc,

Series

2021

:

1,290

(c)

4.000%,

8/15/51

8/28

at

100.00

982,350

1,250

(c)

4.250%,

8/15/61

8/28

at

100.00

948,838

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Odyssey

Charter

School

Project,

Series

2017A

:

1,065

(c)

5.375%,

7/01/37

7/27

at

100.00

1,069,676

1,470

(c)

5.500%,

7/01/47

7/27

at

100.00

1,454,692

3,788

(c),(d)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Provision

CARES

Proton

Therapy

Center,

Orlando

Project,

Series

2018,

7.500%,

6/01/48

6/28

at

100.00

378,803

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Renaissance

Charter

School

Project,

Series

2017A

:

6,050

(c)

5.125%,

6/15/37

6/27

at

100.00

6,055,682

1,885

(c)

5.250%,

6/15/47

6/27

at

100.00

1,799,921

880

(c)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Viera

Charter

School

Project,

Series

2017A,

5.000%,

10/15/37

10/27

at

100.00

874,022

735

(c)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Viera

Charter

School

Project,

Series

2019A,

5.000%,

10/15/49

10/27

at

100.00

683,055

4,670

City

of

Miami

Beach,

Florida,

Stormwater

Revenue

Bonds,

Series

2015,

5.000%,

9/01/41

9/25

at

100.00

4,685,047

540

Cityplace

Community

Development

District,

Florida,

Special

Assessement

and  Revenue

Bonds,

Refunding

Series

2012,

5.000%,

5/01/26

No

Opt.

Call

544,621

Creekside

at

Twin

Creeks

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Area

1

Project,

Series

2016A-1

:

240

5.250%,

11/01/37

11/28

at

100.00

243,761

305

5.600%,

11/01/46

11/28

at

100.00

309,247

Downtown

Doral

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Series

2015

:

280

5.250%,

5/01/35

5/26

at

100.00

282,474

315

5.300%,

5/01/36

5/26

at

100.00

317,965

475

5.500%,

5/01/45

5/26

at

100.00

477,547

655

5.500%,

5/01/46

5/26

at

100.00

658,086

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Classical

Preparatory

Incorporated

Project,

Series

2017A

:

255

(c)

6.000%,

6/15/37

6/26

at

100.00

258,007

665

(c)

6.125%,

6/15/46

6/26

at

100.00

669,068

415

(c)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Classical

Preparatory

Incorporated

Project,

Series

2018A,

6.000%,

6/15/37

6/26

at

100.00

419,894

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Downtown

Doral

Charter

Upper

School

Project,

Series

2017C

:

2,375

(c)

5.650%,

7/01/37

7/27

at

101.00

2,419,700

3,735

(c)

5.750%,

7/01/47

7/27

at

101.00

3,738,766

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Florida

Charter

Foundation

Inc.

Projects,

Series

2016A

:

2,075

(c)

4.750%,

7/15/36

7/26

at

100.00

2,009,472

1,335

(c)

5.000%,

7/15/46

7/26

at

100.00

1,237,013

31

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Mater

Academy

Projects,

Series

2020A

:

$

4,330

5.000%,

6/15/50

6/27

at

100.00

$

4,164,108

3,405

5.000%,

6/15/55

6/27

at

100.00

3,209,187

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School

Income

Projects,

Series

2015A

:

3,090

(c)

6.000%,

6/15/35

6/25

at

100.00

3,124,036

3,450

(c)

6.125%,

6/15/46

6/25

at

100.00

3,469,312

550

(c)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School,

Inc.

Projects,

Series

2014A,

6.125%,

6/15/44

6/24

at

100.00

550,304

4,380

(c)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Southwest

Charter

Foundation

Inc

Projects,

Series

2017A,

6.125%,

6/15/47

6/27

at

100.00

4,323,677

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

The

Florida

Charter

Educational

Foundation

Inc.

Projects,

Series

2016A

:

1,485

(c)

6.250%,

6/15/36

6/26

at

100.00

1,518,793

4,350

(c)

6.375%,

6/15/46

6/26

at

100.00

4,410,955

5,490

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Social

Series

2021-1,

2.150%,

7/01/51

1/30

at

100.00

3,281,303

1,435

Grand

Bay

at

Doral

Community

Development

District,

Miami-Dade

County,

Florida,

Special

Assessment

Bonds,

South

Parcel

Assessment

Area

Project,

Series

2016,

4.750%,

5/01/36

5/26

at

100.00

1,432,732

2,215

(c)

Jacksonville,

Florida,

Educational

Facilities

Revenue

Bonds,

Jacksonville

University

Project,

Series

2018B,

5.000%,

6/01/53

6/28

at

100.00

1,987,285

625

(c)

Lakewood

Ranch

Stewardship

District,

Florida,

Special

Assessment

Revenue

Bonds,

Del

Webb

Project,

Series

2017,

5.000%,

5/01/37

5/27

at

100.00

631,054

1,000

Manatee

County,

Florida,

Public

Utilities

Revenue

Bonds,

Improvement

and

Refunding

Series

2023,

4.000%,

10/01/53

4/33

at

100.00

934,202

4,140

(e)

Martin

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Martin

Memorial

Medical

Center,

Series

2015,

5.000%,

11/15/45,

(Pre-refunded

11/15/24)

11/24

at

100.00

4,162,342

Miami

Dade

County

Industrial

Development

Authority,

Florida,

Educational

Facilities

Revenue

Bonds,

South

Florida

Autism

Charter

School

Project,

Series

2017

:

1,080

(c)

5.875%,

7/01/37

7/27

at

100.00

1,089,339

1,920

(c)

6.000%,

7/01/47

7/27

at

100.00

1,924,736

4,710

Miami

Dade

County,

Florida,

Rickenbacker

Causeway

Revenue

Bonds,

Series

2014,

5.000%,

10/01/43

10/24

at

100.00

4,714,349

5,000

Miami-Dade

County

Expressway

Authority,

Florida,

Toll

System

Revenue

Bonds,

Series

2014A,

5.000%,

7/01/39

7/24

at

100.00

4,774,943

4,785

Northern

Palm

Beach

County

Improvement

District,

Florida,

Water

Control

and

Improvement

Bonds,

Development

Unit

53,

Series

2015,

5.350%,

8/01/35

8/26

at

100.00

4,862,249

5,070

Orange

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Orlando

Health

Obligated

Group,

Inc.,

Series

2022,

4.000%,

10/01/52

4/32

at

100.00

4,687,887

Osceola

County,

Florida,

Transportation

Revenue

Bonds,

Osceola

Parkway,

Refunding

&

Improvement

Series

2019A-1

:

2,890

5.000%,

10/01/49

10/29

at

100.00

2,943,344

3,345

4.000%,

10/01/54

10/29

at

100.00

2,919,128

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

32

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

2,000

Palm

Beach

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Jupiter

Medical

Center,

Series

2022,

5.000%,

11/01/47

11/32

at

100.00

$

2,002,214

825

Reunion

West

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Area

3

Project,

Series

2016,

5.000%,

11/01/46

11/26

at

100.00

820,415

2,470

Sarasota

County

Public

Hospital

District,

Florida,

Hospital

Revenue

Bonds,

Sarasota

Memorial

Hospital

Project,

Series

2018,

4.000%,

7/01/48

7/28

at

100.00

2,300,859

220

(c)

Seminole

County

Industrial

Development

Authority,

Florida,

Educational

Facilities

Revenue

Bonds,

Galileo

Schools

for

Gifted

Learning,

Series

2021A,

4.000%,

6/15/51

6/31

at

100.00

168,167

Six

Mile

Creek

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

2,

Series

2016

:

145

4.750%,

11/01/28

11/27

at

100.00

146,608

370

5.375%,

11/01/36

11/27

at

100.00

376,179

905

South

Fork

III

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Refunding

Series

2016,

5.375%,

5/01/37

5/27

at

100.00

918,461

5,015

Volusia

County

Educational

Facilities

Authority,

Florida,

Revenue

Bonds,

Stetson

University

Inc.

Project,

Series

2015,

5.000%,

6/01/40

6/25

at

100.00

5,058,617

Total

Florida

113,679,455

Georgia

-

4.2%

(2.5%

of

Total

Investments)

Atlanta,

Georgia,

Airport

General

Revenue

Bonds,

Green

Series

2023B-1

:

645

5.000%,

7/01/48

7/33

at

100.00

692,996

3,710

5.000%,

7/01/53

7/33

at

100.00

3,941,624

4,000

Brookhaven

Urban

Redevelopment

Agency,

Georgia,

Revenue

Bonds,

Series

2023A,

4.000%,

7/01/48

7/33

at

100.00

3,872,921

17,085

Burke

County

Development

Authority,

Georgia,

Pollution

Control

Revenue

Bonds,

Georgia

Transmission

Corporation

Vogtle

Project,

Series

2012,

2.750%,

1/01/52

5/31

at

100.00

11,069,281

5,775

Burke

County

Development

Authority,

Georgia,

Pollution

Control

Revenue

Bonds,

Oglethorpe

Power

Corporation

Vogtle

Project,

Series

2017C,

4.125%,

11/01/45

2/28

at

100.00

5,150,806

11,280

Burke

County

Development

Authority,

Georgia,

Pollution

Control

Revenue

Bonds,

Oglethorpe

Power

Corporation

Vogtle

Project,

Series

2017D,

4.125%,

11/01/45

2/28

at

100.00

10,060,794

11,100

(f)

Columbia

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

WellStar

Health

System,

Inc.

Project,

Series

2023B,

5.125%,

4/01/48,

(UB)

4/33

at

100.00

11,740,106

15,305

(e)

Gainesville

and

Hall

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

Northeast

Georgia

Health

Services

Inc.,

Series

2014A,

5.500%,

8/15/54,

(Pre-refunded

2/15/25)

2/25

at

100.00

15,539,163

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2018A

:

2,680

3.950%,

12/01/43

6/27

at

100.00

2,490,456

4,085

4.000%,

12/01/48

6/27

at

100.00

3,755,404

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2023A

:

2,215

(f)

4.350%,

12/01/43,

(UB)

6/32

at

100.00

2,165,890

3,000

(f)

4.550%,

12/01/48,

(UB)

6/32

at

100.00

2,987,165

2,930

Georgia

Municipal

Electric

Authority,

Plant

Vogtle

Units

3

&

4

Project

M

Bonds,

Series

2019A,

5.000%,

1/01/56

7/28

at

100.00

2,971,283

1,300

(c)

Macon-Bibb

County

Urban

Development

Authority,

Georgia,

Revenue

Bonds,

Academy

for

Classical

Education,

Series

2017,

5.750%,

6/15/37

6/27

at

100.00

1,336,444

33

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Georgia

(continued)

$

10,000

(c)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022C,

4.000%,

8/01/52,

(Mandatory

Put

11/01/27)

5/27

at

100.81

$

9,710,020

5,000

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2023E-1,

5.000%,

12/01/53,

(Mandatory

Put

6/01/31)

3/31

at

100.08

5,283,073

4,000

(c)

Marietta

Development

Authority,

Georgia,

University

Facilities

Revenue

Bonds,

Life

University,

Inc.

Project,

Refunding

Series

2017A,

5.000%,

11/01/47

11/27

at

100.00

3,649,550

10,000

Municipal

Electric

Authority

of

Georgia,

Plant

Vogtle

Units

3

&

4

Project

J

Bonds,

Series

2015A,

5.000%,

7/01/60

7/25

at

100.00

9,896,187

5,630

Municipal

Electric

Authority

of

Georgia,

Plant

Vogtle

Units

3

&

4

Project

J

Bonds,

Series

2019A,

5.000%,

1/01/49

7/28

at

100.00

5,692,423

6,390

Private

Colleges

and

Universities

Authority,

Georgia,

Revenue

Bonds,

Mercer

University,

Series

2015,

5.000%,

10/01/40

10/25

at

100.00

6,432,694

1,710

Valdosta

and

Lowndes

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

South

Georgia

Medical

Center

Project,

Series

2024,

4.125%,

10/01/49

10/34

at

100.00

1,637,929

Total

Georgia

120,076,209

Guam

-

0.3%

(0.2%

of

Total

Investments)

1,500

Government

of

Guam,

Business

Privilege

Tax

Bonds,

Refunding

Series

2015D,

5.000%,

11/15/39

11/25

at

100.00

1,506,603

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024A

:

750

5.000%,

7/01/41

7/34

at

100.00

800,568

875

5.000%,

7/01/42

7/34

at

100.00

932,234

750

5.000%,

7/01/43

7/34

at

100.00

799,051

1,095

5.000%,

1/01/46

7/34

at

100.00

1,157,699

1,665

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,

Refunding

Series

2017,

5.000%,

7/01/40

7/27

at

100.00

1,709,486

1,080

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,

Series

2020A,

5.000%,

1/01/50

7/30

at

100.00

1,101,069

Total

Guam

8,006,710

Hawaii

-

0.1%

(0.0%

of

Total

Investments)

1,500

(c)

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Chaminade

University

of

Honolulu,

Series

2015A,

5.000%,

1/01/45

1/25

at

100.00

1,290,200

170

(c)

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaii

Pacific

University,

Series

2013A,

6.875%,

7/01/43

5/24

at

100.00

170,094

650

Honolulu

Board

of

Water

Supply,

Hawaii,

Water

System

Revenue

Bonds,

Sustainability

Series

2024A,

5.000%,

7/01/53

7/34

at

100.00

707,075

Total

Hawaii

2,167,369

Idaho

-

2.0%

(1.2%

of

Total

Investments)

Idaho

Health

Facilities

Authority,

Revenue

Bonds,

Kootenai

Health

Project,

Series

2014

:

3,300

4.375%,

7/01/34

7/24

at

100.00

3,302,358

12,495

4.750%,

7/01/44

7/24

at

100.00

11,676,894

1,250

Idaho

Health

Facilities

Authority,

Revenue

Bonds,

Madison

Memorial

Hospital

Project,

Refunding

Series

2016,

5.000%,

9/01/37

9/26

at

100.00

1,238,502

11,515

Idaho

Housing

&

Finance

Association,

Idaho,

Sales

Tax

Revenue

Bonds,

Transportation

Expansion

&

Congestion

Mitigation

Fund,

Series

2024A,

4.000%,

8/15/49

8/34

at

100.00

10,915,902

Idaho

Housing

and

Finance

Association,

Nonprofit

Facilities

Revenue

Bonds,

Gem

Prep

Meridian

North

LLC,

Series

2020A

:

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

34

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Idaho

(continued)

$

500

(c)

5.000%,

7/01/40

7/25

at

100.00

$

442,990

1,415

(c)

5.250%,

7/01/55

7/25

at

100.00

1,192,985

12,000

(f)

Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

Series

2023C,

4.800%,

7/01/53,

(UB)

1/33

at

100.00

12,061,942

3,220

Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A,

4.600%,

1/01/49

1/33

at

100.00

3,195,403

12,555

(c)

Spring

Valley

Community

Infrastructure

District

1,

Eagle,

Idaho,

Special

Assessment

Bonds,

Series

2021,

3.750%,

9/01/51

12/26

at

103.00

10,246,932

2,500

(c)

Spring

Valley

Community

Infrastructure

District

1,

Eagle,

Idaho,

Special

Assessment

Bonds,

Series

2024,

6.250%,

9/01/53

3/29

at

103.00

2,536,914

Total

Idaho

56,810,822

Illinois

-

23.3%

(14.0%

of

Total

Investments)

67,135

Chicago

Board

of

Education,

Illinois,

Dedicated

Capital

Improvement

Tax

Revenue

Bonds,

Series

2016,

6.000%,

4/01/46

4/27

at

100.00

69,853,175

1,000

Chicago

Board

of

Education,

Illinois,

Dedicated

Capital

Improvement

Tax

Revenue

Bonds,

Series

2017,

5.000%,

4/01/46

4/27

at

100.00

1,001,903

1,110

Chicago

Board

of

Education,

Illinois,

Dedicated

Capital

Improvement

Tax

Revenue

Bonds,

Series

2023,

5.750%,

4/01/48

4/33

at

100.00

1,216,891

5,245

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues

Series

2012A,

5.000%,

12/01/42

5/24

at

100.00

5,212,593

8,400

(c)

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Refunding

Series

2017B,

7.000%,

12/01/42

12/27

at

100.00

9,101,360

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Refunding

Series

2017H

:

5,835

5.000%,

12/01/36

12/27

at

100.00

5,903,572

4,940

5.000%,

12/01/46

12/27

at

100.00

4,854,489

6,055

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Refunding

Series

2018D,

5.000%,

12/01/46

12/28

at

100.00

5,950,188

38,905

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2016A,

7.000%,

12/01/44

12/25

at

100.00

40,274,721

14,805

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2016B,

6.500%,

12/01/46

12/26

at

100.00

15,383,313

19,585

(c)

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2017A,

7.000%,

12/01/46

12/27

at

100.00

21,093,398

1,410

Chicago

Board

of

Education,

Illinois,

Unlimited

Tax

General

Obligation

Bonds,

Dedicated

Tax

Revenues,

Series

1998B-1,

0.000%,

12/01/30

-

NPFG

Insured

No

Opt.

Call

1,059,775

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Second

Lien

Series

2020A

:

1,405

4.000%,

12/01/50

12/29

at

100.00

1,254,029

1,500

5.000%,

12/01/55

12/29

at

100.00

1,525,307

10,995

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Series

2014,

5.250%,

12/01/49

12/24

at

100.00

11,023,209

Chicago,

Illinois,

General

Airport

Revenue

Bonds,

O'Hare

International

Airport,

Refunding

Senior

Lien

Series

2022B

:

2,290

4.500%,

1/01/56

1/31

at

100.00

2,250,965

5,000

5.250%,

1/01/56

1/31

at

100.00

5,256,880

1,355

Chicago,

Illinois,

General

Obligation

Bonds,

Chicago

Works

Series

2023A,

5.500%,

1/01/39

1/32

at

100.00

1,472,790

32,670

Chicago,

Illinois,

General

Obligation

Bonds,

City

Colleges,

Series

1999,

0.000%,

1/01/32

-

FGIC

Insured

No

Opt.

Call

23,635,882

35

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

$

17,605

Chicago,

Illinois,

General

Obligation

Bonds,

Project

&

Refunding

Series

2017A,

6.000%,

1/01/38

1/27

at

100.00

$

18,345,012

2,605

Chicago,

Illinois,

General

Obligation

Bonds,

Refunding

Series

2016C,

5.000%,

1/01/38

1/26

at

100.00

2,611,375

3,000

Chicago,

Illinois,

Wastewater

Transmission

Revenue

Bonds,

Second

Lien

Series

2008C,

5.000%,

1/01/39

1/25

at

100.00

3,004,601

Illinois

Educational

Facilities

Authority,

Revenue

Bonds,

Field

Museum

of

Natural

History,

Series

2002.RMKT

:

2,500

4.450%,

11/01/36

11/25

at

102.00

2,554,239

3,400

5.500%,

11/01/36

5/24

at

100.00

3,404,238

Illinois

Finance

Authority,

Charter

School

Revenue

Bonds,

Intrinsic

Charter

Schools

Belmont

School

Project,

Series

2015A

:

1,700

(c)

5.750%,

12/01/35

12/25

at

100.00

1,713,416

115

(c)

6.000%,

12/01/45

12/25

at

100.00

115,387

Illinois

Finance

Authority,

Health

Services

Facility

Lease

Revenue

Bonds,

Provident

Group

-

UIC

Surgery

Center,

LLC

-

University

of

Illinois

Health

Services

Facility

Project,

Series

2020

:

3,835

4.000%,

10/01/50

10/30

at

100.00

3,220,860

5,190

4.000%,

10/01/55

10/30

at

100.00

4,229,207

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health/fkaPresence

Health

Network,

Series

2016C

:

37,030

4.000%,

2/15/41

2/27

at

100.00

35,553,680

1,755

(e)

4.000%,

2/15/41,

(Pre-refunded

2/15/27)

2/27

at

100.00

1,777,732

80

(e)

4.000%,

2/15/41,

(Pre-refunded

2/15/27)

2/27

at

100.00

81,036

Illinois

Finance

Authority,

Revenue

Bonds,

Centegra

Health

System,

Series

2014A

:

1,485

(e)

5.000%,

9/01/34,

(Pre-refunded

9/01/24)

9/24

at

100.00

1,489,893

19,025

(e)

5.000%,

9/01/42,

(Pre-refunded

9/01/24)

9/24

at

100.00

19,087,685

500

(c)

Illinois

Finance

Authority,

Revenue

Bonds,

DePaul

College

Prep

Foundation,

Series

2023A,

5.625%,

8/01/53

8/33

at

100.00

520,240

4,000

Illinois

Finance

Authority,

Revenue

Bonds,

Lutheran

Home

and

Services,

Series

2019A,

5.000%,

11/01/49

11/26

at

103.00

2,945,910

10,000

(f)

Illinois

Finance

Authority,

Revenue

Bonds,

Northshore

-

Edward-Elmhurst

Health

Credit

Group,

Series

2022A,

5.000%,

8/15/47,

(UB)

8/32

at

100.00

10,491,870

12,000

Illinois

Finance

Authority,

Revenue

Bonds,

OSF

Healthcare

System,

Series

2015A,

5.000%,

11/15/45

11/25

at

100.00

12,075,580

Illinois

Finance

Authority,

Revenue

Bonds,

Rosalind

Franklin

University

Research

Building

Project,

Series

2017C

:

1,000

5.000%,

8/01/42

8/27

at

100.00

997,323

1,000

5.000%,

8/01/46

8/27

at

100.00

975,277

1,000

5.000%,

8/01/47

8/27

at

100.00

969,992

Illinois

Finance

Authority,

Revenue

Bonds,

Silver

Cross

Hospital

and

Medical

Centers,

Refunding

Series

2015C

:

560

5.000%,

8/15/35

8/25

at

100.00

565,970

5,140

5.000%,

8/15/44

8/25

at

100.00

5,165,315

10,000

(f)

Illinois

Finance

Authority,

Revenue

Bonds,

University

of

Chicago

Medicine,

Series

2022A,

5.000%,

8/15/52,

(UB)

8/32

at

100.00

10,294,311

Illinois

Finance

Authority,

Revenue

Bonds,

University

of

Chicago,

Refunding

Series

2015A

:

17,765

(e)

5.000%,

10/01/46,

(Pre-refunded

10/01/25)

10/25

at

100.00

18,105,875

2,235

5.000%,

10/01/46

10/25

at

100.00

2,236,416

5,670

Illinois

Housing

Development

Authority,

Multifamily

Housing

Revenue

Bonds,

Series

2021C,

2.850%,

7/01/56

7/30

at

100.00

3,688,111

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

36

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

$

3,665

Illinois

Sports

Facility

Authority,

State

Tax

Supported

Bonds,

Refunding

Series

2014,

5.250%,

6/15/31

-

AGM

Insured

6/24

at

100.00

$

3,667,753

Illinois

State,

General

Obligation

Bonds,

December

Series

2017A

:

11,800

5.000%,

12/01/38

12/27

at

100.00

12,152,913

1,330

5.000%,

12/01/39

12/27

at

100.00

1,364,026

Illinois

State,

General

Obligation

Bonds,

February

Series

2014

:

1,575

5.250%,

2/01/34

5/24

at

100.00

1,576,813

7,515

5.000%,

2/01/39

5/24

at

100.00

7,519,618

5,200

Illinois

State,

General

Obligation

Bonds,

January

Series

2016,

5.000%,

1/01/29

1/26

at

100.00

5,311,919

Illinois

State,

General

Obligation

Bonds,

May

Series

2014

:

510

5.000%,

5/01/36

5/24

at

100.00

510,412

1,915

5.000%,

5/01/39

5/24

at

100.00

1,916,141

4,460

Illinois

State,

General

Obligation

Bonds,

May

Series

2020,

5.500%,

5/01/39

5/30

at

100.00

4,820,895

1,495

Illinois

State,

General

Obligation

Bonds,

May

Series

2023B,

4.500%,

5/01/48

5/32

at

100.00

1,411,430

12,180

Illinois

State,

General

Obligation

Bonds,

November

Series

2016,

5.000%,

11/01/41

11/26

at

100.00

12,271,501

31,285

Illinois

State,

General

Obligation

Bonds,

November

Series

2017C,

5.000%,

11/01/29

11/27

at

100.00

32,666,007

2,040

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D,

5.000%,

11/01/27

No

Opt.

Call

2,134,429

5,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2019B,

4.000%,

11/01/35

11/29

at

100.00

4,976,809

5,000

Illinois

State,

General

Obligation

Bonds,

October

Series

2016,

5.000%,

2/01/29

2/27

at

100.00

5,173,565

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Refunding

Senior

Series

2024A

:

2,800

5.000%,

1/01/36

7/34

at

100.00

3,259,426

3,880

5.000%,

1/01/37

7/34

at

100.00

4,463,441

19,920

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Senior

Lien

Series

2015B,

5.000%,

1/01/40

1/26

at

100.00

20,276,435

10,470

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Senior

Lien

Series

2019A,

5.000%,

1/01/44

7/29

at

100.00

10,934,131

4,250

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Senior

Series

2023A,

5.250%,

1/01/45

7/33

at

100.00

4,580,488

540

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2015B,

5.000%,

6/15/52

12/25

at

100.00

541,447

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2020A

:

11,305

4.000%,

6/15/50

12/29

at

100.00

10,041,152

5,100

5.000%,

6/15/50

12/29

at

100.00

5,204,468

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2022A

:

9,945

4.000%,

12/15/47

12/31

at

100.00

8,998,635

4,500

4.000%,

6/15/52

12/31

at

100.00

3,952,131

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2015A

:

2,890

0.000%,

12/15/52

No

Opt.

Call

633,789

5,185

5.000%,

6/15/53

12/25

at

100.00

5,197,297

37

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Capital

Appreciation

Refunding

Series

2010B-1

:

$

25,000

0.000%,

6/15/44

-

AGM

Insured

No

Opt.

Call

$

9,755,382

43,200

0.000%,

6/15/45

-

AGM

Insured

No

Opt.

Call

15,840,533

10,000

0.000%,

6/15/46

-

AGM

Insured

No

Opt.

Call

3,443,696

8,750

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Series

1994B,

0.000%,

6/15/28

-

NPFG

Insured

No

Opt.

Call

7,493,139

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Series

2002A

:

18,085

0.000%,

12/15/24

-

NPFG

Insured

No

Opt.

Call

17,637,501

20,045

0.000%,

12/15/35

-

AGM

Insured

No

Opt.

Call

12,854,163

9,010

0.000%,

6/15/37

-

NPFG

Insured

No

Opt.

Call

5,168,306

465

Morton

Grove,

Illinois,

Tax

Increment

Revenue

Bonds,

Sawmill

Station

Redevelopment

Project,

Senior

Lien

Series

2019,

5.000%,

1/01/39

1/26

at

100.00

432,064

1,842

Plano,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

1

&

2

Lakewood

Springs

Project,

Refunding

Series

2014,

5.000%,

3/01/34

-

AGM

Insured

5/24

at

100.00

1,842,073

2,615

Regional

Transportation

Authority,

Cook,

DuPage,

Kane,

Lake,

McHenry

and

Will

Counties,

Illinois,

General

Obligation

Bonds,

Series

2000A,

6.500%,

7/01/30

-

NPFG

Insured

No

Opt.

Call

2,982,042

4,000

Southwestern

Illinois

Development

Authority,

School

Revenue

Bonds,

Triad

School

District

2,

Madison

County,

Illinois,

Series

2006,

0.000%,

10/01/25

-

NPFG

Insured

No

Opt.

Call

3,763,166

12,125

Springfield,

Illinois,

Electric

Revenue

Bonds,

Refunding

Senior

Lien

Series

2015,

5.000%,

3/01/40

-

AGM

Insured

3/25

at

100.00

12,148,444

6,415

Will

County

School

District

122,

New

Lenox,

Illinois,

General

Obligation

Bonds,

Capital

Appreciation

School

Series

2004D,

0.000%,

11/01/24

-

AGM

Insured

No

Opt.

Call

6,277,978

Total

Illinois

668,740,549

Indiana

-

2.7%

(1.6%

of

Total

Investments)

12,045

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Valparaiso

University

Project,

Series

2014,

5.000%,

10/01/44

10/24

at

100.00

11,670,358

5,000

Indiana

Finance

Authority,

Hospital

Revenue

Bonds,

Indiana

University

Health

Obligation

Group,

Fixed

Rate

Series

2023A,

5.000%,

10/01/53

10/33

at

100.00

5,255,607

17,970

Indiana

Finance

Authority,

Wastewater

Utility

Revenue

Bonds,

CWA

Authority

Project,

Series

2014A,

5.000%,

10/01/44

10/24

at

100.00

18,056,308

10,000

Indiana

Housing

and

Community

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024B-1,

4.750%,

7/01/49,

(WI/

DD)

1/33

at

100.00

10,033,201

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Series

1999E

:

10,000

0.000%,

2/01/26

-

AMBAC

Insured

No

Opt.

Call

9,332,872

20,000

0.000%,

2/01/28

-

AMBAC

Insured

No

Opt.

Call

17,381,820

5,015

IPS

Multi-School

Building

Corporation,

Indiana,

First

Mortgage

Revenue

Bonds,

Social

Series

2023,

4.250%,

7/15/43

7/31

at

100.00

5,017,654

Total

Indiana

76,747,820

Iowa

-

1.6%

(0.9%

of

Total

Investments)

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022

:

10,860

5.000%,

12/01/50,

(Mandatory

Put

12/01/42)

12/29

at

103.00

11,273,685

9,045

5.000%,

12/01/50

12/29

at

103.00

9,422,488

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

38

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Iowa

(continued)

$

5,700

Iowa

Finance

Authority,

Senior

Housing

Revenue

Bonds,

PHS

Council

Bluffs,

Inc.

Project,

Series

2018,

5.250%,

8/01/55

5/24

at

102.00

$

4,313,619

2,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024A,

4.750%,

7/01/49

7/33

at

100.00

2,006,961

10,000

(f)

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Taxable

Series

2023C,

4.850%,

7/01/43,

(UB)

1/33

at

100.00

10,213,029

36,850

Iowa

Tobacco

Settlement

Authority,

Tobacco

Settlement

Asset-Backed

Bonds,

Class

2

Capital

Appreciation

Senior

Lien

Series

2021B-2,

0.000%,

6/01/65

6/31

at

25.58

4,618,190

3,365

Iowa

Tobacco

Settlement

Authority,

Tobacco

Settlement

Asset-Backed

Bonds,

Seenior

Lien

Series

Class

2

Series

2021B-1,

4.000%,

6/01/49

6/31

at

100.00

3,316,052

Total

Iowa

45,164,024

Kansas

-

0.3%

(0.2%

of

Total

Investments)

1,000

Lenexa,

Kansas,

Health

Care

Facilities

Revenue

Bonds,

Lakeview

Village

Inc,

Series

2017A,

5.000%,

5/15/43

5/27

at

100.00

949,347

Wyandotte

County-Kansas

City

Unified

Government,

Kansas,

Sales

Tax

Special

Obligation

Bonds,

Vacation

Village

Project

Area

1

and

2A,

Series

2015

:

2,160

5.000%,

9/01/27

9/25

at

100.00

2,105,906

2,380

5.750%,

9/01/32

9/25

at

100.00

2,237,657

2,575

6.000%,

9/01/35

9/25

at

100.00

2,274,891

2,500

(c)

Wyandotte

County-Kansas

City

Unified

Government,

Kansas,

Sales

Tax

Special

Obligation

Bonds,

Village

East

Project

Areas

2B

3

and

5,

Series

2022,

5.750%,

9/01/39

3/29

at

103.00

2,411,279

Total

Kansas

9,979,080

Kentucky

-

2.0%

(1.2%

of

Total

Investments)

6,400

Christian

County,

Kentucky,

Hospital

Revenue

Bonds,

Jennie

Stuart

Medical

Center,

Series

2016,

5.500%,

2/01/44

2/26

at

100.00

6,439,339

10,140

Kentucky

Economic

Development

Finance

Authority,

Hospital

Revenue

Bonds,

Owensboro

Health,

Refunding

Series

2017A,

5.000%,

6/01/37

6/27

at

100.00

10,293,612

Kentucky

Economic

Development

Finance

Authority,

Revenue

Bonds,

Next

Generation

Kentucky

Information

Highway

Project,

Senior

Series

2015A

:

4,345

5.000%,

7/01/37

7/25

at

100.00

4,367,156

15,620

5.000%,

1/01/45

7/25

at

100.00

15,465,723

1,190

Kentucky

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2023A,

4.800%,

7/01/48

7/32

at

100.00

1,196,650

Kentucky

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A

:

1,030

4.550%,

7/01/49

1/33

at

100.00

1,021,254

1,000

4.625%,

1/01/54

1/33

at

100.00

983,942

Kentucky

Public

Transportation

Infrastructure

Authority,

Toll

Revenue

Bonds,

Downtown

Crossing

Project,

Convertible

Capital

Appreciation

First

Tier

Series

2013C

:

4,360

6.750%,

7/01/43

7/31

at

100.00

4,982,317

8,510

6.875%,

7/01/46

7/31

at

100.00

9,744,545

2,855

Louisville

and

Jefferson

County

Metropolitan

Government,

Kentucky,

Hospital

Revenue

Bonds,

UofL

Health

Project,

Series

2022A,

5.000%,

5/15/52

5/32

at

100.00

2,939,962

Total

Kentucky

57,434,500

39

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Louisiana

-

1.4%

(0.8%

of

Total

Investments)

$

2,435

Ascension

Parish

Industrial

development

Board,

Louisiana,

Revenue

Bonds,

Impala

Warehousing

(US)

LLC

Project,

Series

2013,

6.000%,

7/01/36

5/24

at

100.00

$

2,435,546

Louisiana

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Home

Ownership

Program,

Series

2024A

:

1,130

4.550%,

12/01/49

6/33

at

100.00

1,119,970

1,065

4.650%,

12/01/54

6/33

at

100.00

1,052,543

12,840

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Series

2020A,

4.000%,

5/15/49

5/30

at

100.00

11,660,075

Louisiana

Public

Facilities

Authority,

Hospital

Revenue

Bonds,

Franciscan

Missionaries

of

Our

Lady

Health

System,

Series

1998A

:

3,565

5.750%,

7/01/25

No

Opt.

Call

3,624,051

135

(e)

5.750%,

7/01/25,

(ETM)

No

Opt.

Call

138,442

8,970

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Loyola

University

Project,

Refunding

Series

2017,

5.250%,

10/01/46

10/33

at

100.00

9,391,503

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Series

2015

:

1,065

4.250%,

5/15/40

5/25

at

100.00

1,065,286

5,000

5.000%,

5/15/47

5/25

at

100.00

5,022,658

1,000

(e)

New

Orleans,

Louisiana,

Sewerage

Service

Revenue

Bonds,

Refunding

Series

2014,

4.250%,

6/01/34,

(Pre-refunded

6/01/24)

6/24

at

100.00

1,000,136

3,275

(c)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2010A,

6.350%,

10/01/40

6/30

at

100.00

3,541,597

Total

Louisiana

40,051,807

Maine

-

1.5%

(0.9%

of

Total

Investments)

Maine

Health

and

Higher

Educational

Facilities

Authority

Revenue

Bonds,

Eastern

Maine

Medical

Center

Obligated

Group

Issue,

Series

2016A

:

5,505

4.000%,

7/01/41

7/26

at

100.00

4,680,336

10,265

4.000%,

7/01/46

7/26

at

100.00

8,188,081

10,000

(e)

Maine

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Mainehealth

Issue,

Series

2015,

5.000%,

7/01/39,

(Pre-refunded

7/01/24)

7/24

at

100.00

10,015,427

4,500

Maine

State

Housing

Authority,

Multifamily

Mortgage

Purchase

Bonds,

Series

2021A,

2.200%,

11/15/51

5/30

at

100.00

2,550,020

8,885

Maine

State

Housing

Authority,

Multifamily

Mortgage

Purchase

Bonds,

Series

2022A,

2.600%,

11/15/46

11/30

at

100.00

6,107,764

7,695

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Series

2020D,

2.800%,

11/15/45

5/29

at

100.00

5,532,531

915

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2021C,

2.300%,

11/15/46

11/30

at

100.00

591,305

2,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2023A,

4.600%,

11/15/48

5/32

at

100.00

2,004,279

2,480

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2023B-1,

4.750%,

11/15/43

5/33

at

100.00

2,505,005

Total

Maine

42,174,748

Maryland

-

1.9%

(1.2%

of

Total

Investments)

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

:

1,280

5.000%,

9/01/33

9/27

at

100.00

1,285,327

3,050

5.000%,

9/01/39

9/27

at

100.00

2,933,413

3,025

5.000%,

9/01/46

9/27

at

100.00

2,735,118

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

40

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Maryland

(continued)

$

1,000

(c)

Howard

County,

Maryland,

Special

Obligation

Bonds,

Downtown

Columbia

Project,

Series

2017A,

4.375%,

2/15/39

2/26

at

100.00

$

935,111

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2021C

:

6,600

2.450%,

9/01/41

9/30

at

100.00

4,822,097

12,000

2.550%,

9/01/44

9/30

at

100.00

8,532,866

7,975

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Adventist

HealthCare

Issue,

Series

2021B,

4.000%,

1/01/51

1/32

at

100.00

6,461,864

13,315

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Adventist

Healthcare,

Series

2016A,

5.500%,

1/01/46

1/27

at

100.00

13,393,080

4,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

LifeBridge

Health

Issue,

Series

2016,

5.000%,

7/01/47

7/26

at

100.00

4,047,958

1,500

(e)

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Peninsula

Regional

Medical

Center

Issue,

Refunding

Series

2015,

5.000%,

7/01/45,

(Pre-refunded

7/01/24)

7/24

at

100.00

1,501,196

Prince

George's

County

Revenue

Authority,

Maryland,

Special

Obligation

Bonds,

Suitland-Naylor

Road

Project,

Series

2016

:

2,000

(c)

4.750%,

7/01/36

1/26

at

100.00

2,004,911

2,300

(c)

5.000%,

7/01/46

1/26

at

100.00

2,238,027

Rockville

Mayor

and

Council,

Maryland,

Economic

Development

Revenue

Bonds,

Series

2017B

:

1,335

4.250%,

11/01/37

11/24

at

103.00

1,188,012

1,250

4.500%,

11/01/43

11/24

at

103.00

1,090,796

2,650

5.000%,

11/01/47

11/24

at

103.00

2,392,419

Total

Maryland

55,562,195

Massachusetts

-

2.9%

(1.7%

of

Total

Investments)

Massachusetts

Development

Finance

Agency

Revenue

Bonds,

Lawrence

General

Hospital

Issue,

Series

2014A

:

2,245

5.250%,

7/01/34

7/24

at

100.00

2,064,624

6,195

5.500%,

7/01/44

7/24

at

100.00

5,546,555

Massachusetts

Development

Finance

Agency

Revenue

Refunding

Bonds,

NewBridge

on

the

Charles,

Inc.

Issue,

Series

2017

:

8,200

(c)

4.125%,

10/01/42

5/24

at

104.00

7,379,282

3,000

(c)

5.000%,

10/01/57

5/24

at

104.00

2,900,625

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Emerson

College,

Series

2015

:

1,000

4.500%,

1/01/45

1/25

at

100.00

926,580

2,085

5.000%,

1/01/45

1/25

at

100.00

2,085,164

4,035

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Emmanuel

College,

Series

2016A,

4.000%,

10/01/46

10/26

at

100.00

3,408,763

900

(c)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

5.000%,

7/15/46

7/30

at

100.00

837,404

6,000

Massachusetts

Development

Finance

Authority,

Revenue

Bonds,

WGBH

Educational

Foundation,

Series

2002A,

5.750%,

1/01/42

-

AMBAC

Insured

No

Opt.

Call

7,204,265

7,405

(f)

Massachusetts

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Massachusetts

Institute

of

Technology,

Series

2002K,

5.500%,

7/01/32,

(UB)

No

Opt.

Call

8,943,765

2,785

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Series

2014D,

3.875%,

12/01/39

6/24

at

100.00

2,597,911

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Sustainability

Green

Series

2021A-1

:

3,340

2.375%,

12/01/46

6/30

at

100.00

2,120,929

41

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Massachusetts

(continued)

$

3,600

2.450%,

12/01/51

6/30

at

100.00

$

2,131,493

8,310

2.550%,

12/01/56

6/30

at

100.00

4,903,651

4,500

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2020-220,

2.300%,

12/01/44

6/30

at

100.00

2,989,857

3,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2023-227,

4.900%,

12/01/48

6/32

at

100.00

3,027,997

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2024-234

:

2,220

4.700%,

12/01/49,

(WI/DD)

6/33

at

100.00

2,226,582

385

4.750%,

12/01/54,

(WI/DD)

6/33

at

100.00

386,048

3,345

Massachusetts

State,

General

Obligation

Bonds,

Consolidated

Loan,

Series

2021B,

2.000%,

4/01/50

4/31

at

100.00

1,933,999

7,900

Massachusetts

State,

General

Obligation

Bonds,

Consolidated

Loan,

Series

2024A,

5.000%,

1/01/49

1/34

at

100.00

8,480,459

10,000

Massachusetts

State,

Transportation

Fund

Revenue

Bonds,

Rail

Enhancement

Program,

Green

Series

2023A,

5.000%,

6/01/53

6/33

at

100.00

10,658,791

140

Massachusetts

Water

Pollution

Abatement

Trust,

Revenue

Bonds,

MWRA

Loan

Program,

Subordinate

Series

1999A,

5.750%,

8/01/29

5/24

at

100.00

141,389

Total

Massachusetts

82,896,133

Michigan

-

2.6%

(1.5%

of

Total

Investments)

4,120

Detroit

City

School

District,

Wayne

County,

Michigan,

Unlimited

Tax

School

Building

and

Site

Improvement

Bonds,

Series

2001A,

6.000%,

5/01/29

-

AGM

Insured,

(UB)

No

Opt.

Call

4,381,661

1,565

Detroit

Downtown

Development

Authority,

Michigan,

Tax

Increment

Revenue

Bonds,

Catalyst

Development

Project,

Series

2018A,

5.000%,

7/01/48

-

AGM

Insured

7/24

at

100.00

1,524,109

10,880

Lansing

Board

of

Water

and

Light,

Michigan,

Utility

System

Revenue

Bonds,

Refunding

Series

2024A,

5.000%,

7/01/54

7/34

at

100.00

11,609,751

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

Sparrow

Obligated

Group,

Refunding

Series

2015

:

4,495

(e)

4.000%,

11/15/35,

(Pre-refunded

5/15/25)

5/25

at

100.00

4,509,793

2,410

(e)

4.000%,

11/15/36,

(Pre-refunded

5/15/25)

5/25

at

100.00

2,417,931

Michigan

Finance

Authority,

Michigan,

Revenue

Bonds,

Trinity

Health

Credit

Group,

Refunding

Series

2016MI

:

3,595

5.000%,

12/01/45

6/26

at

100.00

3,637,938

145

(e)

5.000%,

12/01/45,

(Pre-refunded

6/01/26)

6/26

at

100.00

149,855

2,705

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2006

Sold

Tobacco

Receipts

Senior

Current

Interest

Series

2020A-2,

5.000%,

6/01/40

12/30

at

100.00

2,814,004

1,000

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2007

Sold

Tobacco

Receipts,

Senior

Current

Interest

Series

2020A-CL-1,

4.000%,

6/01/49

12/30

at

100.00

893,415

5,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2023B,

4.800%,

12/01/43

12/32

at

100.00

5,080,125

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021A

:

21,675

2.350%,

12/01/46

12/30

at

100.00

14,175,730

8,280

2.500%,

6/01/52

12/30

at

100.00

5,369,628

10,000

Michigan

State

Building

Authority,

Revenue

Bonds,

Facilities

Program,

Refunding

Series

2020-I,

2.625%,

10/15/56

10/31

at

100.00

6,197,130

5,080

Michigan

State

Building

Authority,

Revenue

Bonds,

Facilities

Program,

Refunding

Series

2023II,

4.000%,

10/15/47

10/33

at

100.00

4,848,441

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

42

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Michigan

(continued)

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Series

2015D

:

$

3,550

5.000%,

12/01/40

12/25

at

100.00

$

3,586,956

2,730

5.000%,

12/01/45

12/25

at

100.00

2,747,713

Total

Michigan

73,944,180

Minnesota

-

2.0%

(1.2%

of

Total

Investments)

Baytown

Township,

Minnesota

Charter

School

Lease

Revenue

Bonds,

Saint

Croix

Preparatory

Academy,

Refunding

Series

2016A

:

155

4.000%,

8/01/36

8/26

at

100.00

141,187

440

4.000%,

8/01/41

8/26

at

100.00

374,051

1,745

Brooklyn

Park,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Prairie

Seeds

Academy

Project,

Refunding

Series

2015A,

5.000%,

3/01/34

3/25

at

100.00

1,674,174

1,720

Deephaven,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Eagle

Ridge

Academy

Project,

Series

2015A,

5.500%,

7/01/50

7/25

at

100.00

1,720,433

Duluth

Economic

Development

Authority,

Minnesota,

Health

Care

Facilities

Revenue

Bonds,

Essentia

Health

Obligated

Group,

Series

2018A

:

8,520

4.250%,

2/15/43

2/28

at

100.00

8,116,304

24,760

4.250%,

2/15/48

2/28

at

100.00

23,196,659

Minneapolis,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Cyber

Village

Academy

Project,

Series

2022A

:

340

5.250%,

6/01/42

6/32

at

100.00

315,259

215

5.500%,

6/01/57

6/32

at

100.00

193,657

1,400

Minneapolis,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Hiawatha

Academies

Project,

Series

2022A,

5.500%,

7/01/52

7/32

at

100.00

1,314,301

1,000

Minneapolis-St.

Paul

Metropolitan

Airports

Commission,

Minnesota,

Airport

Revenue

Bonds,

Subordinate

Lien

Series

2022A,

4.250%,

1/01/52

1/32

at

100.00

957,177

2,005

Minnesota

Agricultural

and

Economic

Development

Board,

Health

Care

Facilities

Revenue

Bonds,

Essentia

Health

Obligated

Group,

Series

2024A,

4.000%,

1/01/49

1/34

at

100.00

1,853,204

2,225

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2020E,

2.700%,

7/01/44

7/29

at

100.00

1,622,824

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2020I

:

2,320

2.150%,

7/01/45

1/30

at

100.00

1,464,660

3,625

2.200%,

1/01/51

1/30

at

100.00

2,182,669

5,585

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2021H,

2.550%,

1/01/46

1/31

at

100.00

3,864,985

Saint

Cloud,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Stride

Academy

Project,

Series

2016A

:

405

5.000%,

4/01/36

4/26

at

100.00

366,048

605

5.000%,

4/01/46

4/26

at

100.00

490,051

1,395

Saint

Paul

Housing

and

Redevelopment

Authority,

Minnesota,

Health

Care

Facility

Revenue

Bonds,

HealthPartners

Obligated

Group,

Refunding

Series

2015A,

4.000%,

7/01/35

7/25

at

100.00

1,377,463

60

Saint

Paul

Housing

and

Redevelopment

Authority,

Minnesota,

Multifamily

Housing

Revenue

Bonds,

2700

University

at

Westgate

Station,

Series

2015B,

4.250%,

4/01/25

5/24

at

100.00

59,643

St.

Paul

Housing

and

Redevelopment

Authority,

Minnesota,

Hospital

Revenue

Bonds,

HealthEast

Inc.,

Series

2015A

:

2,785

(e)

5.000%,

11/15/40,

(Pre-refunded

11/15/25)

11/25

at

100.00

2,839,462

3,190

(e)

5.000%,

11/15/44,

(Pre-refunded

11/15/25)

11/25

at

100.00

3,252,382

Total

Minnesota

57,376,593

43

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Mississippi

-

0.8%

(0.5%

of

Total

Investments)

$

3,900

Mississippi

Business

Finance

Corporation,

Revenue

Bonds,

System

Energy

Resources,

Inc.

Project,

Refunding

Series

2021,

2.375%,

6/01/44

6/26

at

100.00

$

2,349,956

1,905

(e)

Mississippi

Development

Bank,

Special

Obligation

Bonds,

Gulfport

Water

and

Sewer

System

Project,

Series

2005,

5.250%,

7/01/24

-

AGM

Insured,

(ETM)

No

Opt.

Call

1,908,862

1,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2021A,

2.125%,

12/01/44

6/30

at

100.00

637,130

13,000

(f)

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2023C,

4.650%,

12/01/48,

(UB)

6/32

at

100.00

13,061,346

4,250

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A,

4.550%,

12/01/49

12/32

at

100.00

4,210,523

Total

Mississippi

22,167,817

Missouri

-

2.0%

(1.2%

of

Total

Investments)

800

Chesterfield

Valley

Transportation

Development

District,

Missouri,

Transportation

Sales

Tax

Revenue

Bonds,

Series

2015,

3.625%,

5/15/31

5/24

at

100.00

790,689

2,000

Jackson

County,

Missouri,

Special

Obligation

Bonds,

Series

2023A,

4.375%,

12/01/58

12/33

at

100.00

1,928,291

Kansas

City

Industrial

Development

Authority,

Missouri,

Sales

Tax

Revenue

Bonds,

Ward

Parkway

Center

Community

Improvement

District,

Senior

Refunding

&

Improvement

Series

2016

:

400

(c)

5.000%,

4/01/36

4/26

at

100.00

378,411

1,520

(c)

5.000%,

4/01/46

4/26

at

100.00

1,330,120

15,000

Kansas

City

Municipal

Assistance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Improvement

Series

2004B-1,

0.000%,

4/15/28

-

AMBAC

Insured

No

Opt.

Call

12,994,852

4,345

Kirkwood

Industrial

Development

Authority,

Missouri,

Retirement

Community

Revenue

Bonds,

Aberdeen

Heights

Project,

Refunding

Series

2017A,

5.250%,

5/15/50

5/27

at

100.00

3,444,071

Liberty,

Missouri,

Special

Obligation

Tax

Increment

and

Special

Districts

Bonds,

Liberty

Commons

Project,

Series

2015A

:

1,575

(c)

5.750%,

6/01/35

6/25

at

100.00

1,476,608

1,055

(c)

6.000%,

6/01/46

6/25

at

100.00

955,604

1,655

Missouri

Health

and

Education

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Saint

Luke's

Health

System,

Inc.,

Series

2018A,

4.000%,

11/15/48

5/28

at

100.00

1,573,505

5,465

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Mercy

Health,

Series

2020,

4.000%,

6/01/53

6/30

at

100.00

5,028,935

1,000

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Mercy

Health,

Series

2023,

5.000%,

12/01/52

12/33

at

100.00

1,047,718

15

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Mosaic

Health

System,

Series

2019A,

4.000%,

2/15/44

2/29

at

100.00

14,396

1,255

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2023C,

4.950%,

11/01/48

5/32

at

100.00

1,271,012

3,470

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2023E,

5.150%,

11/01/53

11/32

at

100.00

3,543,622

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2024A

:

1,605

4.600%,

11/01/49

5/33

at

100.00

1,592,614

270

4.700%,

11/01/54

5/33

at

100.00

268,593

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

44

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Missouri

(continued)

$

405

Saint

Louis

County

Industrial

Development

Authority,

Missouri,

Revenue

Bonds,

Friendship

Village

of

Sunset

Hills,

Series

2013A,

5.875%,

9/01/43

5/24

at

100.00

$

405,244

Saint

Louis

County

Industrial

Development

Authority,

Missouri,

Revenue

Bonds,

Saint

Andrew's

Resources

for

Seniors,

Series

2015A

:

1,650

5.000%,

12/01/35

12/25

at

100.00

1,578,585

455

5.125%,

12/01/45

12/25

at

100.00

401,639

4,125

Saint

Louis,

Missouri,

Airport

Revenue

Bonds,

Lambert-St.

Louis

International

Airport,

Series

2005,

5.500%,

7/01/29

-

NPFG

Insured

No

Opt.

Call

4,586,741

15,350

Springfield

Public

Building

Corporation,

Missouri,

Lease

Revenue

Bonds,

Jordan

Valley

Park

Projects,

Series

2000A,

0.000%,

6/01/30

-

AMBAC

Insured

No

Opt.

Call

11,625,587

Total

Missouri

56,236,837

Montana

-

0.4%

(0.2%

of

Total

Investments)

Kalispell,

Montana,

Housing

and

Healthcare

Facilities

Revenue

Bonds,

Immanuel

Lutheran

Corporation,

Series

2017A

:

1,175

5.250%,

5/15/37

5/25

at

102.00

1,058,633

375

5.250%,

5/15/47

5/25

at

102.00

307,079

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2023A

:

3,090

4.550%,

12/01/48

12/32

at

100.00

3,081,302

2,250

4.700%,

6/01/53

12/32

at

100.00

2,248,442

2,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2023B,

4.875%,

12/01/48

12/32

at

100.00

2,018,926

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2023C

:

2,200

4.600%,

12/01/43

12/32

at

100.00

2,221,435

1,000

4.850%,

12/01/48

12/32

at

100.00

1,009,014

Total

Montana

11,944,831

Nebraska

-

1.2%

(0.7%

of

Total

Investments)

Douglas

County

Hospital

Authority

3,

Nebraska,

Health

Facilities

Revenue

Bonds,

Nebraska

Methodist

Health

System,

Refunding

Series

2015

:

2,125

4.125%,

11/01/36

11/25

at

100.00

2,132,444

1,765

5.000%,

11/01/45

11/25

at

100.00

1,779,220

3,865

5.000%,

11/01/48

11/25

at

100.00

3,888,988

7,825

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2020A,

2.700%,

9/01/43

3/29

at

100.00

5,884,004

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2023A

:

5,000

(f)

4.550%,

9/01/48,

(UB)

3/32

at

100.00

4,977,071

5,000

(f)

4.600%,

9/01/53,

(UB)

3/32

at

100.00

4,874,570

3,250

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2023C,

4.650%,

9/01/48

9/32

at

100.00

3,265,180

6,800

Scotts

Bluff

County

Hospital

Authority

1,

Nebraska,

Hospital

Revenue

Bonds,

Regional

West

Medical

Center

Project,

Refunding

&

Improvement

Series

2016A,

5.250%,

2/01/37

2/27

at

100.00

6,493,877

Total

Nebraska

33,295,354

Nevada

-

1.1%

(0.6%

of

Total

Investments)

410

(c)

Director

of

the

State

of

Nevada

Department

of

Business

and

Industry,

Charter

School

Lease

Revenue

Bonds,

Somerset

Academy,

Series

2018A,

5.000%,

12/15/38

12/25

at

100.00

404,541

Henderson,

Nevada,

Local

Improvement

Bonds,

Local

Improvement

District

T-21

Black

Mountain

Ranch,

Series

2022

:

740

3.500%,

9/01/45

9/31

at

100.00

533,363

495

4.000%,

9/01/51

9/31

at

100.00

381,986

45

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Nevada

(continued)

$

20,270

Las

Vegas

Convention

and

Visitors

Authority,

Nevada,

Convention

Center

Expansion

Revenue

Bonds,

Series

2018B,

4.000%,

7/01/49

7/28

at

100.00

$

19,051,566

2,150

Las

Vegas

Convention

and

Visitors

Authority,

Nevada,

Revenue

Bonds,

Refunding

Series

2017B,

4.000%,

7/01/36

7/27

at

100.00

2,168,814

875

(c)

Las

Vegas,

Nevada,

Sales

Tax

Increment

Revenue

Bonds,

Symphony

Park

Tourism

Improvement

District,

Series

2016,

4.375%,

6/15/35

5/24

at

100.00

844,282

500

Neveda

State

Director

of

the

Department

of

Business

and

Industry,

Charter

School

Revenue

Bonds,

Doral

Academy

of

Nevada,

Series

2017A,

5.000%,

7/15/37

7/25

at

100.00

500,420

3,950

Reno,

Nevada,

Subordinate

Lien

Sales

Tax

Revenue

Refunding

Bonds,

ReTrac-Reno

Transporation

Rail

Access

Corridor

Project,

Series

2018A,

4.000%,

6/01/43

12/28

at

100.00

3,701,939

3,000

(c)

Reno,

Nevada,

Subordinate

Lien

Sales

Tax

Revenue

Refunding

Capital

Appreciation

Bonds,

ReTrac-Reno

Transporation

Rail

Access

Corridor

Project,

Series

2018C,

0.000%,

7/01/58

7/38

at

31.26

381,430

3,210

Tahoe-Douglas

Visitors

Authority,

Nevada,

Stateline

Revenue

Bonds,

Series

2020,

5.000%,

7/01/51

7/30

at

100.00

3,161,715

Total

Nevada

31,130,056

New

Hampshire

-

1.3%

(0.8%

of

Total

Investments)

11,830

National

Finance

Authority,

New

Hampshire,

Hospital

Facilities

Revenue

Bonds,

Saint

Elizabeth

Medical

Center,

Inc.,

Series

2021A,

4.000%,

5/01/51

5/31

at

100.00

10,837,304

11,812

National

Finance

Authority,

New

Hampshire,

Municipal

Certificates

Series

2022-1

Class

A,

4.375%,

9/20/36

No

Opt.

Call

11,401,942

5,000

(c)

National

Finance

Authority,

New

Hampshire,

Resource

Recovery

Revenue

Bonds,

Covanta

Project,

Refunding

Series

2018B,

4.625%,

11/01/42

5/24

at

100.00

4,474,712

5,630

(c)

National

Finance

Authority,

New

Hampshire,

Resource

Recovery

Revenue

Bonds,

Covanta

Project,

Refunding

Series

2020A,

3.625%,

7/01/43,

(Mandatory

Put

7/02/40)

7/25

at

100.00

4,436,713

500

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Kendal

at

Hanover,

Series

2016,

5.000%,

10/01/40

10/26

at

100.00

503,138

2,350

New

Hampshire

Housing

Finance

Authority,

Single

Family

Mortgage

Acquisition

Bonds,

Social

Series

2023D,

5.125%,

7/01/53

7/32

at

100.00

2,394,183

4,000

New

Hampshire

Housing

Finance

Authority,

Single

Family

Mortgage

Acquisition

Bonds,

Social

Series

2024A,

4.650%,

7/01/49

1/33

at

100.00

3,998,593

Total

New

Hampshire

38,046,585

New

Jersey

-

5.8%

(3.5%

of

Total

Investments)

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Refunding

Series

2016BBB

:

34,310

(e)

5.500%,

6/15/29,

(Pre-refunded

12/15/26)

12/26

at

100.00

36,325,459

2,110

(e)

5.500%,

6/15/30,

(Pre-refunded

12/15/26)

12/26

at

100.00

2,233,947

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Series

2005N-1

:

6,835

5.500%,

9/01/24

-

AMBAC

Insured

No

Opt.

Call

6,864,658

5,045

5.500%,

9/01/28

-

NPFG

Insured

No

Opt.

Call

5,489,722

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Series

2015WW

:

11,335

(e),(f)

5.250%,

6/15/40,

(Pre-refunded

6/15/25)

6/25

at

100.00

11,560,913

655

(e)

5.250%,

6/15/40,

(Pre-refunded

6/15/25)

6/25

at

100.00

668,055

2,305

New

Jersey

Health

Care

Facilities

Financing

Authority,

Revenue

Bonds,

Barnabas

Health,

Refunding

Series

2014A,

5.000%,

7/01/44

7/24

at

100.00

2,306,391

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

46

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

Jersey

(continued)

$

2,050

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Capital

Appreciation

Series

2010A,

0.000%,

12/15/26

No

Opt.

Call

$

1,859,521

20,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Refunding

Series

2006C,

0.000%,

12/15/33

-

AGM

Insured

No

Opt.

Call

14,052,952

10,970

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2014AA,

5.000%,

6/15/44

6/24

at

100.00

10,972,463

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2015AA

:

13,690

4.750%,

6/15/38

6/25

at

100.00

13,793,200

7,935

5.000%,

6/15/45

6/25

at

100.00

7,980,000

5,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2019AA,

5.250%,

6/15/43

12/28

at

100.00

5,194,723

33,200

New

Jersey

Turnpike

Authority,

Revenue

Bonds,

Refunding

Series

2005D-

1,

5.250%,

1/01/26

-

AGM

Insured

No

Opt.

Call

34,070,245

5,000

South

Jersey

Transportation

Authority,

New

Jersey,

Transportation

System

Revenue

Bonds,

Series

2020A,

4.000%,

11/01/50

11/30

at

100.00

4,450,974

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

:

1,420

5.000%,

6/01/46

6/28

at

100.00

1,451,988

1,580

5.250%,

6/01/46

6/28

at

100.00

1,636,170

3,180

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018B,

5.000%,

6/01/46

6/28

at

100.00

3,211,364

1,330

Washington

Township

Board

of

Education,

Mercer

County,

New

Jersey,

General

Obligation

Bonds,

Series

2005,

5.250%,

1/01/26

-

AGM

Insured

No

Opt.

Call

1,361,678

Total

New

Jersey

165,484,423

New

Mexico

-

0.2%

(0.1%

of

Total

Investments)

3,345

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2021C,

2.250%,

7/01/46

7/30

at

100.00

2,143,312

1,055

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2023C,

4.650%,

9/01/48

9/32

at

100.00

1,059,928

Santa

Fe,

New

Mexico,

Retirement

Facilities

Revenue

Bonds,

EL

Castillo

Retirement

Residences

Project,

Series

2019A

:

670

5.000%,

5/15/44

5/26

at

103.00

618,146

1,200

5.000%,

5/15/49

5/26

at

103.00

1,065,336

1,000

(c)

Winrock

Town

Center

Tax

Increment

Development

District

1,

Albuquerque,

New

Mexico,

Gross

Receipts

Tax

Increment

Bonds,

Senior

Lien

Series

2022,

4.250%,

5/01/40

5/29

at

103.00

906,840

Total

New

Mexico

5,793,562

New

York

-

9.7%

(5.8%

of

Total

Investments)

Babylon

Local

Development

Corporation

II,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2023A

:

1,000

6.400%,

2/01/43

2/33

at

100.00

1,006,523

2,270

6.650%,

2/01/53

2/33

at

100.00

2,287,633

10,400

Battery

Park

City

Authority,

New

York,

Revenue

Bonds,

Senior

Sustainability

Series

2023A,

5.000%,

11/01/48

11/33

at

100.00

11,308,929

14,325

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Albert

Einstein

College

of

Medicine,

Inc,

Series

2015,

5.500%,

9/01/45

9/25

at

100.00

14,325,620

1,350

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Albert

Einstein

College

of

Medicine,

Inc,

Series

2023,

7.250%,

6/01/55

12/30

at

100.00

1,430,775

9,320

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020A-1,

5.500%,

6/01/55

12/30

at

100.00

8,331,280

47

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

York

(continued)

$

7,390

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020B-1,

5.000%,

6/01/55

12/30

at

100.00

$

6,103,790

14,215

(f)

Dormitory

Authority

of

the

State

of

New

York,

General

Revenue

Bonds,

Northwell

Health

Obligated

Group,

Series

2022A,

4.250%,

5/01/52,

(UB)

5/32

at

100.00

13,646,827

785

Dormitory

Authority

of

the

State

of

New

York,

Insured

Revenue

Bonds,

Mount

Sinai

School

of

Medicine,

Series

1994A,

5.150%,

7/01/24

-

NPFG

Insured

No

Opt.

Call

785,684

9,700

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Columbia

University,

Series

2017A,

5.000%,

10/01/47

No

Opt.

Call

11,126,962

4,070

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Icahn

School

of

Medicine

at

Mount

Sinai,

Refunding

Series

2015A,

5.000%,

7/01/45

7/25

at

100.00

4,080,934

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Orange

Regional

Medical

Center

Obligated

Group,

Series

2015

:

2,700

(c)

5.000%,

12/01/40

6/25

at

100.00

2,554,472

5,600

(c)

5.000%,

12/01/45

6/25

at

100.00

5,066,699

2,095

Genesee

County

Funding

Corporation,

New

York,

Revenue

Bonds,

Rochester

Regional

Health

Project,

Series

2022A,

5.250%,

12/01/52

12/32

at

100.00

2,138,048

2,120

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Refunding

Series

2020B,

5.570%,

2/01/41

2/30

at

100.00

1,984,751

2,695

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2017A,

6.240%,

2/01/47

2/27

at

100.00

2,637,056

2,965

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2018A,

6.760%,

2/01/48

2/28

at

100.00

2,998,693

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2020A

:

400

5.530%,

2/01/40

2/30

at

100.00

375,939

1,270

5.730%,

2/01/50

2/30

at

100.00

1,152,792

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2021A

:

1,210

4.450%,

2/01/41

2/30

at

100.00

981,399

2,380

4.600%,

2/01/51

2/30

at

100.00

1,787,960

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020C-1

:

2,790

5.000%,

11/15/50

5/30

at

100.00

2,882,345

3,155

5.250%,

11/15/55

5/30

at

100.00

3,279,249

7,660

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020D-2,

4.000%,

11/15/47

11/30

at

100.00

7,023,872

5,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020D-3,

4.000%,

11/15/49

11/30

at

100.00

4,534,550

14,915

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Refunding

Series

2024A,

4.000%,

11/15/48

-

BAM

Insured

5/34

at

100.00

13,876,613

2,210

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Refunding

Green

Climate

Certified

Series

2017C-1,

5.000%,

11/15/24

No

Opt.

Call

2,223,743

7,520

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Refunding

Green

Climate

Certified

Series

2020E,

4.000%,

11/15/45

11/30

at

100.00

6,998,852

3,585

Monroe

County

Industrial

Development

Corporation,

New

York,

Revenue

Bonds,

Saint

Anns

Community

Project,

Series

2019,

5.000%,

1/01/50

1/26

at

103.00

2,781,231

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

48

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

York

(continued)

$

1,000

Nassau

County

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014,

5.000%,

7/01/31

7/24

at

100.00

$

1,001,161

20,000

New

York

City

Housing

Development

Corporation,

New

York,  Sustainable

Impact

Revenue

Bonds,

Williamsburg

Housing

Preservation

LP,

Series

2020A,

2.800%,

2/01/50

2/28

at

100.00

13,564,670

5,000

New

York

City

Housing

Development

Corporation,

New

York,

House

Impact

Revenue

Bonds,

Green

Series

2023A,

4.800%,

2/01/53

8/31

at

100.00

5,018,628

10,000

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Green

Series

2023B-2,

3.670%,

5/01/54,

(Mandatory

Put

5/07/24)

4/24

at

100.00

10,000,000

11,570

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2016

Series

BB-1,

5.000%,

6/15/46

6/25

at

100.00

11,656,682

10,000

(f)

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2023

Series

DD,

4.125%,

6/15/46,

(UB)

6/33

at

100.00

9,830,155

5,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Series

2024D-1,

5.000%,

11/01/38

5/34

at

100.00

5,682,507

5

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

Series

2005M,

5.000%,

4/01/26

-

FGIC

Insured

5/24

at

100.00

5,005

28,615

(c)

New

York

Liberty

Development

Corporation,

New

York,

Liberty

Revenue

Bonds,

3

World

Trade

Center

Project,

Class

1

Series

2014,

5.000%,

11/15/44

11/24

at

100.00

28,360,618

20,445

New

York

Liberty

Development

Corporation,

New

York,

Liberty

Revenue

Bonds,

7

World

Trade

Center

Project,

Refunding

Green

Series

2022A-CL2,

3.125%,

9/15/50

3/30

at

100.00

15,409,748

2,560

New

York

Liberty

Development

Corporation,

New

York,

Liberty

Revenue

Bonds,

Bank

of

America

Tower

at

One

Bryant

Park

Project,

Second

Priority

Refunding

Series

2019

Class

3,

2.800%,

9/15/69

3/29

at

100.00

2,273,881

3,500

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Climate

Bond

Certified/Sustainability

Series

2019P,

3.050%,

11/01/49

5/28

at

100.00

2,573,712

6,500

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

211,

3.750%,

10/01/43

4/27

at

100.00

5,861,361

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

252

:

2,140

4.550%,

10/01/48

4/33

at

100.00

2,135,636

2,000

4.650%,

10/01/53

4/33

at

100.00

1,990,129

1,000

Triborough

Bridge

and

Tunnel

Authority,

New

York,

General

Revenue

Bonds,

MTA

Bridges

&

Tunnels,

Series

2022A,

4.000%,

11/15/52

11/32

at

100.00

947,261

4,500

Triborough

Bridge

and

Tunnel

Authority,

New

York,

General

Revenue

Bonds,

MTA

Bridges

&

Tunnels,

Series

2023B-1,

5.250%,

11/15/53

11/33

at

100.00

4,870,847

10,060

Triborough

Bridge

and

Tunnel

Authority,

New

York,

Sales

Tax

Revenue

Bonds,

MTA

Bridges

&

Tunnels,

TBTA

Capital

Lockbox-City

Sales

Tax,

Series

2022A,

4.000%,

5/15/57

11/32

at

100.00

9,391,580

7,110

TSASC

Inc.,

New

York,

Tobacco

Asset-Backed

Bonds,

Series

2006,

5.000%,

6/01/48

6/27

at

100.00

6,325,883

Total

New

York

276,612,685

North

Carolina

-

0.4%

(0.3%

of

Total

Investments)

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement

Social

Series

53-A

:

3,980

4.375%,

7/01/44

7/32

at

100.00

3,913,019

49

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

North

Carolina

(continued)

$

5,000

4.550%,

1/01/50

7/32

at

100.00

$

4,924,232

2,070

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

Series

52-A,

4.900%,

7/01/43

7/32

at

100.00

2,110,043

2,150

North

Carolina

Medical

Care

Commission,

Retirement

Facilities

First

Mortgage

Revenue

Bonds,

Aldersgate

United

Retirement

Community

Inc.,

Refunding

Series

2017A,

5.000%,

7/01/47

7/27

at

100.00

1,666,411

Total

North

Carolina

12,613,705

North

Dakota

-

2.3%

(1.4%

of

Total

Investments)

9,950

Cass

County,

North

Dakota,

Health

Care

Facilities

Revenue

Bonds,

Essential

Health

Obligated

Group,

Series

2018B,

4.250%,

2/15/48

2/28

at

100.00

9,321,759

4,525

Grand

Forks,

North

Dakota,

Health

Care

System

Revenue

Bonds,

Altru

Health

System

Obligated

Group,

Series

2017A,

5.000%,

12/01/42

12/27

at

100.00

4,491,317

Grand

Forks,

North

Dakota,

Health

Care

System

Revenue

Bonds,

Altru

Health

System

Obligated

Group,

Series

2021

:

1,000

3.000%,

12/01/46

-

AGM

Insured

12/31

at

100.00

761,728

5,000

3.000%,

12/01/51

-

AGM

Insured

12/31

at

100.00

3,617,980

1,000

Grand

Forks,

North

Dakota,

Senior

Housing

&

Nursing

Facilities

Revenue

Bonds,

Valley

Homes

and

Services

Obligated

Group,

Series

2017,

5.000%,

12/01/36

12/26

at

100.00

938,555

2,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2023A,,

5.000%,

5/01/48

5/31

at

100.00

1,890,404

3,820

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2020B,

2.500%,

7/01/44

1/30

at

100.00

2,690,924

980

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Social

Series

2022F,

4.250%,

1/01/47

1/32

at

100.00

936,146

1,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Social

Series

2023A,

4.700%,

7/01/47

7/32

at

100.00

1,006,681

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Social

Series

2023D

:

1,500

4.500%,

7/01/43

7/32

at

100.00

1,511,251

560

4.550%,

7/01/48

7/32

at

100.00

558,681

2,750

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Social

Series

2023F,

5.100%,

7/01/48

1/33

at

100.00

2,765,021

1,300

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Social

Series

2024A,

4.750%,

1/01/52

7/33

at

100.00

1,300,637

Ward

County

Health

Care,

North

Dakota,

Revenue

Bonds,

Trinity

Obligated

Group,

Series

2017C

:

8,300

5.000%,

6/01/38

6/28

at

100.00

7,836,597

1,700

5.000%,

6/01/43

6/28

at

100.00

1,532,937

28,050

5.000%,

6/01/53

6/28

at

100.00

23,563,997

2,501

(d)

Williston,

North

Dakota,

Multifamily

Housing

Revenue

Bonds,

Eagle

Crest

Apartments

LLC

Project,

Series

2013,

7.750%,

9/01/38

5/24

at

100.00

1,250,340

Total

North

Dakota

65,974,955

Ohio

-

8.9%

(5.3%

of

Total

Investments)

2,000

Akron,

Bath

and

Copley

Joint

Township

Hospital

District,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Summa

Health

Obligated

Group,

Refunding

Series

2020,

3.000%,

11/15/40

11/30

at

100.00

1,530,941

50,220

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Capital

Appreciation

Series

2020B-3

Class

2,

0.000%,

6/01/57

6/30

at

22.36

4,978,997

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

50

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Ohio

(continued)

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

:

$

53,590

3.000%,

6/01/48

6/30

at

100.00

$

39,224,627

8,680

4.000%,

6/01/48

6/30

at

100.00

7,740,272

30,950

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020B-2

Class

2,

5.000%,

6/01/55

6/30

at

100.00

28,059,939

Centerville,

Ohio

Health

Care

Improvement

Revenue

Bonds,

Graceworks

Lutheran

Services,

Refunding

&

Improvement

Series

2017

:

2,750

5.250%,

11/01/37

11/27

at

100.00

2,690,214

3,200

5.250%,

11/01/47

11/27

at

100.00

2,884,845

4,000

County

of

Lucas,

Ohio,

Hospital

Revenue

Bonds,

ProMedica

Healthcare

Obligated

Group,

Series

2018A,

5.250%,

11/15/48

11/28

at

100.00

3,977,806

37,150

(f)

Cuyahoga

County,

Ohio,

Certificates

of

Participation,

Convention

Hotel

Project,  Series

2014,

4.375%,

12/01/44,

(UB)

6/24

at

100.00

35,792,972

Darke

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Wayne

Healthcare

Project,

Series

2019A

:

1,165

4.000%,

9/01/40

9/29

at

100.00

980,512

1,750

4.000%,

9/01/45

9/29

at

100.00

1,373,091

2,000

5.000%,

9/01/49

9/29

at

100.00

1,752,354

1,890

Dublin

City

School

District,

Franklin,

Delaware

and

Union

Counties,

Ohio,

General

Obligation

Bonds,

School

Facilities

Series

2024,

4.000%,

12/01/53

12/33

at

100.00

1,764,311

4,590

Franklin

County

Convention

Facilities

Authority,

Ohio,

Hotel

Project

Revenue

Bonds,

Greater

Columbus

Convention

Center

Hotel

Expansion

Project,

Series

2019,

5.000%,

12/01/51

12/29

at

100.00

4,301,486

4,065

Franklin

County,

Ohio,

Revenue

Bonds,

Trinity

Health

Credit

Group,

Series

2017A,

3.250%,

12/01/42

12/27

at

100.00

3,393,923

Middletown

City

School

District,

Butler

County,

Ohio,

General

Obligation

Bonds,

Refunding

Series

2007

:

4,380

5.250%,

12/01/27

-

AGM

Insured

No

Opt.

Call

4,652,311

6,000

5.250%,

12/01/31

-

AGM

Insured

No

Opt.

Call

6,701,039

12,000

Muskingum

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Genesis

HealthCare

System

Obligated

Group

Project,

Series

2013,

5.000%,

2/15/48

5/24

at

100.00

10,767,938

25,880

Ohio

Air

Quality

Development

Authority,

Ohio,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Nuclear

Generation

Project,

Refunding

Series

2009A,

4.750%,

6/01/33

No

Opt.

Call

26,806,973

490

Ohio

Higher

Educational

Facility

Commission,

Senior

Hospital

Parking

Revenue

Bonds,

University

Circle

Incorporated

2020

Project,

Series

2020,

5.000%,

1/15/50

1/30

at

100.00

501,675

4,285

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024A,

4.650%,

9/01/54

9/33

at

100.00

4,234,962

1,270

Ohio

State,

Turnpike

Revenue

Bonds,

Ohio

Turnpike

and

Infrastructutre

Commission

Infrastructure

Projects,

Junior

Lien,

Capital

Appreciation

Series

2013A-3,

5.800%,

2/15/36

2/31

at

100.00

1,473,570

20,505

Ohio

Water

Development

Authority,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Nuclear

Generating

Corporation

Project,

Series

2009A,

4.750%,

6/01/33

No

Opt.

Call

21,239,450

20,480

Ohio

Water

Development

Authority,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Nuclear

Generating

Corporation

Project,

Series

2010B,

4.750%,

6/01/33,

(Mandatory

Put

6/01/22)

No

Opt.

Call

21,213,555

51

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Ohio

(continued)

$

2,965

Port

of

Greater

Cincinnati

Development

Authority,

Ohio,

Special

Obligation

Tax

Increment

Financing

Revenue

Bonds,

Cooperative

Township

Public

Parking

Project,

Gallery

at

Kenwood,

Senior

Lien

Series

2019A,

5.000%,

11/01/51

11/30

at

100.00

$

2,394,578

1,930

Shaker

Heights

City

School

District,

Ohio,

General

Obligation

Bonds,

School

Facilities

Improvement

Series

2024,

4.375%,

12/15/61

6/34

at

100.00

1,882,098

1,330

Tuscarawas

County

Economic

Development

and

Finance

Alliance,

Ohio,

Higher

Education

Facilities

Revenue

Bonds,

Ashland

University,

Refunding

&

Improvement

Series

2015,

6.000%,

3/01/45

3/25

at

100.00

1,325,170

9,495

Washington

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Memorial

Health

System

Obligated

Group,

Series

2022,

6.750%,

12/01/52

12/32

at

100.00

10,221,966

Total

Ohio

253,861,575

Oklahoma

-

1.0%

(0.6%

of

Total

Investments)

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

:

3,965

5.500%,

8/15/52

8/28

at

100.00

4,032,282

20,510

5.500%,

8/15/57

8/28

at

100.00

20,873,895

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Taxable

Series

2022

:

1,150

5.500%,

8/15/41

8/32

at

100.00

1,161,451

1,390

5.500%,

8/15/44

8/32

at

100.00

1,389,456

2,340

Tulsa

County

Industrial

Authority,

Oklahoma,

Senior

Living

Community

Revenue

Bonds,

Montereau,

Inc

Project,

Refunding

Series

2017,

5.250%,

11/15/45

11/25

at

102.00

2,295,577

315

University

Oklahoma,

General

Revenue

Bonds,

Refunding

Series

2024A,

4.125%,

7/01/54

-

BAM

Insured

No

Opt.

Call

303,015

Total

Oklahoma

30,055,676

Oregon

-

0.1%

(0.1%

of

Total

Investments)

Clackamas

County

Hospital

Facility

Authority,

Oregon,

Revenue

Bonds,

Rose

Villa

Inc.,

Series

2020A

:

500

5.125%,

11/15/40

11/25

at

102.00

481,899

220

5.250%,

11/15/50

11/25

at

102.00

202,039

315

5.375%,

11/15/55

11/25

at

102.00

290,179

Multnomah

County

Hospital

Facilities

Authority,

Oregon,

Revenue

Bonds,

Mirabella

South

Waterfront,

Refunding

Series

2014A

:

1,000

(e)

5.400%,

10/01/44,

(Pre-refunded

10/01/24)

10/24

at

100.00

1,005,193

800

(e)

5.500%,

10/01/49,

(Pre-refunded

10/01/24)

10/24

at

100.00

804,479

Total

Oregon

2,783,789

Pennsylvania

-

4.7%

(2.8%

of

Total

Investments)

15,595

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Allegheny

Health

Network

Obligated

Group

Issue,

Series

2018A,

4.000%,

4/01/44

4/28

at

100.00

14,422,615

2,540

(c)

Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

City

Center

Refunding

Project,

Series

2017,

5.000%,

5/01/42

5/27

at

100.00

2,506,753

13,235

Beaver

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Generation

Project,

Refunding

Series

2006A,

4.750%,

1/01/35,

(Mandatory

Put

7/01/33)

No

Opt.

Call

13,510,509

9,365

Beaver

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Generation

Project,

Series

2008B,

3.750%,

10/01/47

4/31

at

100.00

7,398,680

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

52

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Pennsylvania

(continued)

$

18,970

Berks

County

Industrial

Development

Authority,

Pennsylvania,

Health

System

Revenue

Bonds,

Tower

Health

Project,

Series

2017,

5.000%,

11/01/50

11/27

at

100.00

$

9,751,215

Bucks

County

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

School

Lane

Charter

School

Project,

Series

2016

:

2,410

5.125%,

3/15/36

3/27

at

100.00

2,429,078

6,420

5.125%,

3/15/46

3/27

at

100.00

6,070,213

1,000

Butler

County

Hospital

Authority,

Pennsylvania,

Hospital

Revenue

Bonds,

Butler

Health

System

Project,

Series

2015A,

5.000%,

7/01/39

7/25

at

100.00

950,100

9,325

Commonwealth

Financing

Authority,

Pennsylvania,

State

Appropriation

Lease

Bonds,

Master

Settlement,

Series

2018,

4.000%,

6/01/39

-

AGM

Insured

6/28

at

100.00

9,212,058

Cumberland

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Diakon

Lutheran

Social

Ministries

Project,

Series

2015

:

435

5.000%,

1/01/29

1/25

at

100.00

436,833

395

(e)

5.000%,

1/01/29,

(Pre-refunded

1/01/25)

1/25

at

100.00

397,808

170

(e)

5.000%,

1/01/29,

(Pre-refunded

1/01/25)

1/25

at

100.00

171,209

1,500

Lancaster

County

Hospital

Authority,

Pennsylvania,

Revenue

Bonds,

Landis

Homes

Retirement

Community

Project,

Refunding

Series

2015A,

5.000%,

7/01/45

7/25

at

100.00

1,380,388

1,750

McCandless

Industrial

Development

Authority,

Pennsylvania,

La

Roche

University

Revenue

Bonds,

Series

A

and

B

of

2022,

6.750%,

12/01/46

12/32

at

100.00

1,658,902

Montgomery

County

Industrial

Development

Authority,

Pennsylvania,

Health

System

Revenue

Bonds,

Albert

Einstein

Healthcare

Network

Issue,

Series

2015A

:

11,030

(e)

5.250%,

1/15/45,

(Pre-refunded

1/15/25)

1/25

at

100.00

11,139,477

1,200

(e)

5.250%,

1/15/46,

(Pre-refunded

1/15/25)

1/25

at

100.00

1,211,911

3,500

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019-131A,

3.100%,

10/01/44

4/29

at

100.00

2,820,650

3,415

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021-135A,

2.500%,

10/01/50

10/30

at

100.00

2,143,242

13,550

Pennsylvania

Turnpike

Commission,

Oil

Franchise

Tax

Revenue

Bonds,

Senior

Series

2018A,

5.250%,

12/01/44

12/28

at

100.00

14,185,850

3,205

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2015A-1,

5.000%,

12/01/45

6/25

at

100.00

3,229,299

11,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Subordinate

Series

2009C,

6.250%,

6/01/33

-

AGM

Insured

6/26

at

100.00

11,676,688

15,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Subordinate

Series

2015B-1,

5.000%,

12/01/45

12/25

at

100.00

15,153,423

2,675

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Subordinate

Series

2019A,

4.000%,

12/01/49

12/29

at

100.00

2,511,926

Total

Pennsylvania

134,368,827

Puerto

Rico

-

7.4%

(4.4%

of

Total

Investments)

4,934

Cofina

Class

2

Trust

Tax-Exempt

Class

2047,

Puerto

Rico.

Unit

Exchanged

From

Cusip

74529JAN5,

0.000%,

8/01/47

No

Opt.

Call

1,445,883

9,761

Cofina

Class

2

Trust

Tax-Exempt

Class

2054,

Puerto

Rico.

Unit

Exchanged

From

Cusip

74529JAP0,

0.000%,

8/01/54

No

Opt.

Call

1,891,280

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A

:

8,000

(c)

5.000%,

7/01/35

7/30

at

100.00

8,408,436

14,625

(c)

5.000%,

7/01/47

7/30

at

100.00

14,817,379

53

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Puerto

Rico

(continued)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021B

:

$

10,090

(c)

5.000%,

7/01/33

7/31

at

100.00

$

10,731,968

5,000

(c)

5.000%,

7/01/37

7/31

at

100.00

5,226,230

7,510

(c)

4.000%,

7/01/42

7/31

at

100.00

7,011,506

8,070

(c)

4.000%,

7/01/47

7/31

at

100.00

7,267,933

145

Puerto

Rico

Public

Finance

Corporation,

Commonwealth

Appropriation

Bonds,

Series

1998A,

5.125%,

6/01/24

-

AMBAC

Insured

No

Opt.

Call

145,108

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

:

2,000

0.000%,

7/01/29

7/28

at

98.64

1,640,849

49

0.000%,

7/01/33

7/28

at

86.06

33,872

837

4.500%,

7/01/34

7/25

at

100.00

840,253

4,709

4.550%,

7/01/40

7/28

at

100.00

4,715,815

51,297

0.000%,

7/01/46

7/28

at

41.38

16,085,472

26,407

0.000%,

7/01/51

7/28

at

30.01

6,054,964

12,700

4.750%,

7/01/53

7/28

at

100.00

12,426,391

27,303

5.000%,

7/01/58

7/28

at

100.00

27,306,219

723

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

Cofina

Project

Series

2019B-2,

4.536%,

7/01/53

7/28

at

100.00

683,515

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Taxable

Restructured

Cofina

Project

Series

2019A-2

:

11,484

4.329%,

7/01/40

7/28

at

100.00

11,246,638

7,385

4.329%,

7/01/40

7/28

at

100.00

7,232,360

6,889

4.784%,

7/01/58

7/28

at

100.00

6,756,674

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

:

5,761

5.625%,

7/01/29

No

Opt.

Call

6,216,393

3,969

5.750%,

7/01/31

No

Opt.

Call

4,431,732

21,778

0.000%,

7/01/33

7/31

at

89.94

14,289,445

10,302

4.000%,

7/01/33

7/31

at

103.00

10,154,174

8,816

4.000%,

7/01/35

7/31

at

103.00

8,552,580

10,216

4.000%,

7/01/37

7/31

at

103.00

9,790,725

4,295

4.000%,

7/01/41

7/31

at

103.00

3,996,056

1,473

4.000%,

7/01/46

7/31

at

103.00

1,328,128

Total

Puerto

Rico

210,727,978

Rhode

Island

-

2.2%

(1.3%

of

Total

Investments)

3,430

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

2019

Series

71,

3.100%,

10/01/44

4/29

at

100.00

2,696,109

11,005

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

2022

Series

76A,

2.550%,

10/01/42

4/31

at

100.00

8,172,990

295,135

Rhode

Island

Tobacco

Settlement

Financing

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2007A,

0.000%,

6/01/52

5/24

at

19.06

51,122,074

2,595

Rhode

Island

Tobacco

Settlement

Financing

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2015B,

4.500%,

6/01/45

6/25

at

100.00

2,570,496

Total

Rhode

Island

64,561,669

South

Carolina

-

2.6%

(1.6%

of

Total

Investments)

7,600

Piedmont

Municipal

Power

Agency,

South

Carolina,

Electric

Revenue

Bonds,

Series

2004A-2,

0.000%,

1/01/31

-

AMBAC

Insured

No

Opt.

Call

5,770,290

4,500

Rock

Hill,

South

Carolina,

Combined

Utility

System

Revenue

Bonds,

Series

2024A,

4.250%,

1/01/59

1/34

at

100.00

4,189,542

1,185

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2022B,

4.350%,

7/01/47

7/31

at

100.00

1,154,526

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

54

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

South

Carolina

(continued)

$

975

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2023A,

4.900%,

7/01/48

7/32

at

100.00

$

985,016

1,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2024A,

4.625%,

7/01/49

1/33

at

100.00

998,176

South

Carolina

Jobs-Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

Bishop

Gadsden

Episcopal

Retirement

Community,

Series

2019A

:

890

5.000%,

4/01/49

4/26

at

103.00

831,128

1,165

4.000%,

4/01/54

4/26

at

103.00

863,497

1,630

5.000%,

4/01/54

4/26

at

103.00

1,490,946

South

Carolina

Jobs-Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

Hilton

Head

Christian

Academy,

Series

2020

:

400

(c)

5.000%,

1/01/40

1/30

at

100.00

373,970

1,000

(c)

5.000%,

1/01/55

1/30

at

100.00

856,734

South

Carolina

Jobs-Economic

Development

Authority,

Health

Facilities

Revenue

Bonds,

Lutheran

Homes

of

South

Carolina

Inc.,

Refunding

Series

2017B

:

1,000

5.000%,

5/01/37

5/24

at

103.00

893,975

750

5.000%,

5/01/42

5/24

at

103.00

627,463

405

South

Carolina

Jobs-Economic

Development

Authority,

Hospital

Revenue

Bonds,

AnMed

Health

Project,

Series

2023,

4.250%,

2/01/48

2/33

at

100.00

397,756

30,325

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

&

Improvement

Series

2015A,

5.000%,

12/01/50

6/25

at

100.00

30,345,393

7,565

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

&

Improvement

Series

2020A,

3.000%,

12/01/41

-

BAM

Insured

12/30

at

100.00

6,103,709

4,985

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2014C,

5.000%,

12/01/46

12/24

at

100.00

4,835,165

5,000

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2022A,

4.000%,

12/01/52

6/32

at

100.00

4,465,403

10,170

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Series

2015E,

5.250%,

12/01/55

12/25

at

100.00

10,192,057

Total

South

Carolina

75,374,746

South

Dakota

-

0.6%

(0.4%

of

Total

Investments)

3,765

South

Dakota

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Regional

Health,

Refunding

Series

2017,

5.000%,

9/01/40

9/27

at

100.00

3,850,155

6,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2022B,

2.500%,

11/01/42

11/30

at

100.00

4,407,060

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Social

Series

2023A

:

6,250

(f)

4.350%,

11/01/43,

(UB)

11/31

at

100.00

6,115,327

4,000

(f)

4.550%,

5/01/48,

(UB)

11/31

at

100.00

3,982,309

Total

South

Dakota

18,354,851

Tennessee

-

0.8%

(0.5%

of

Total

Investments)

1,350

Chattanooga-Hamilton

County

Hospital

Authority,

Tennessee,

Hospital

Revenue

Bonds,

Erlanger

Health

System,

Refunding

Series

2014A,

5.000%,

10/01/39

10/24

at

100.00

1,349,947

1,490

Knox

County

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Hospital

Revenue

Bonds,

East

Tennessee

Children's

Hospital,

Series

2019,

4.000%,

11/15/48

2/29

at

100.00

1,321,629

55

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Tennessee

(continued)

$

2,645

(d)

Memphis/Shelby

County

Economic

Development

Growth

Engine

Industrial

Development

Board,

Tennessee,

Tax

Increment

Revenue

Bonds,

Graceland

Project,

Senior

Series

2017A,

5.500%,

7/01/37

7/27

at

100.00

$

1,827,087

4,100

Tennergy

Corporation,

Tennessee,

Gas

Revenue

Bonds,

Series

2022A,

5.500%,

10/01/53,

(Mandatory

Put

12/01/30)

9/30

at

100.10

4,311,487

830

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2020-3A,

2.550%,

1/01/45

7/29

at

100.00

583,850

10,000

(f)

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Social

Series

2023-3A,

5.350%,

7/01/48,

(UB)

7/32

at

100.00

10,308,726

345

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Social

Series

2024-1A,

4.800%,

7/01/54

1/33

at

100.00

346,619

1,500

(f)

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Tender

Option

Bond

Trust

Series

2023-XL0448,

4.550%,

7/01/48,

(UB)

7/32

at

100.00

1,496,466

10,000

(c),(d)

The

Health

and

Educational

Facilities

Board

of

the

City

of

Franklin,

Tennessee,

Revenue

Bonds,

Provision

Cares

Proton

Therapy

Center,

Nashville

Project,

Series

2017A,

7.500%,

6/01/47

6/27

at

100.00

435,000

Total

Tennessee

21,980,811

Texas

-

13.5%

(8.1%

of

Total

Investments)

7,670

Aldine

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2024,

4.000%,

2/15/49

2/34

at

100.00

7,325,857

5,480

Austin,

Texas,

Electric

Utility

System

Revenue

Bonds,

Refunding

Series

2015A,

5.000%,

11/15/45

11/25

at

100.00

5,547,608

1,160

Bexar

County,

Texas,

Certificates

of

Obligation,

Combination

Tax

&

Revenue

Series

2023,

4.000%,

6/15/46

6/33

at

100.00

1,118,014

2,500

Board

of

Managers,

Joint

Guadalupe

County-Seguin

City

Hospital,

Texas,

Hospital

Mortgage

Revenue

Bonds,

Refunding

&

Improvement

Series

2015,

5.000%,

12/01/45

12/25

at

100.00

2,208,549

16,280

(f)

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2019B,

5.000%,

8/15/49,

(UB)

No

Opt.

Call

18,345,209

945

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2024A,

4.000%,

8/15/49,

(WI/DD)

8/33

at

100.00

905,688

2,180

Celina,

Texas,

Special

Assessment

Revenue

Bonds,

Sutton

Fields

II

Public

Improvement

District

Neighborhood

Improvement

Area

1

Project,

Series

2015,

7.250%,

9/01/45

9/24

at

102.00

2,220,619

3,855

Celina,

Texas,

Special

Assessment

Revenue

Bonds,

Sutton

Fields

II

Public

Improvement

District

Neighborhood

Improvement

Areas

2-5

Major

Improvement

Project,

Series

2015,

8.250%,

9/01/40

9/24

at

102.00

3,940,324

350

Celina,

Texas,

Special

Assessment

Revenue

Bonds,

Wells

South

Public

Improvement

District

Neighborhood

Improvement

Area

1

Project,

Series

2015,

6.250%,

9/01/45

9/24

at

100.00

350,704

3,335

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Senior

Lien

Series

2020E,

5.000%,

1/01/45

1/30

at

100.00

3,463,404

5,390

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Senior

Lien

Series

2021B,

5.000%,

1/01/46

1/31

at

100.00

5,616,439

13,685

(e)

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Senior

Lien,

Series

2015A,

5.000%,

1/01/45,

(Pre-refunded

7/01/25)

7/25

at

100.00

13,917,927

6,375

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Senior

Lien,

Series

2016,

3.375%,

1/01/41

1/26

at

100.00

5,514,204

Clifton

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Uplift

Education

Charter

School,

Series

2013A

:

765

4.350%,

12/01/42

5/24

at

100.00

693,022

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

56

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

685

4.400%,

12/01/47

5/24

at

100.00

$

594,738

4,000

Clifton

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Uplift

Education

Charter

School,

Series

2015A,

5.000%,

12/01/45

6/25

at

100.00

3,893,091

Club

Municipal

Management

District

1,

Texas,

Special

Assessment

Revenue

Bonds,

Improvement

Area

1

Project,

Series

2016

:

380

5.750%,

9/01/28

9/24

at

102.00

387,594

710

6.500%,

9/01/46

9/24

at

102.00

724,900

7,305

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2024,

5.000%,

2/15/49

2/34

at

100.00

7,835,040

400

(e)

Decatur

Hospital

Authority,

Texas,

Revenue

Bonds,

Wise

Regional

Health

System,

Series

2014A,

5.250%,

9/01/44,

(Pre-refunded

9/01/24)

9/24

at

100.00

401,378

12,000

(f)

Denton

Independent

School

District,

Denton

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2023,

5.000%,

8/15/53,

(UB)

8/33

at

100.00

12,728,849

1,260

Fort

Bend

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

NRG

Energy

Inc.

Project,

Series

2012A.

RMKT,

4.750%,

5/01/38

5/24

at

100.00

1,259,955

6,010

Fort

Bend

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

NRG

Energy

Inc.

Project,

Series

2012B,

4.750%,

11/01/42

5/24

at

100.00

5,972,017

525

Frisco

Independent

School

District,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

Refunding

&

School

Building

Series

2024,

4.000%,

2/15/49,

(WI/DD)

2/34

at

100.00

502,991

2,490

Greater

Texoma

Utility

Authority,

Texas,

Contract

Revenue

Bonds,

City

of

Sherman

Project

Series

2023A,

4.375%,

10/01/53

-

BAM

Insured

10/32

at

100.00

2,419,316

1,535

Greater

Texoma

Utility

Authority,

Texas,

Contract

Revenue

Bonds,

City

of

Sherman

Project

Series

2024,

4.375%,

10/01/54

-

BAM

Insured

10/33

at

100.00

1,475,668

7,305

Greenville,

Texas,

General

Obligation

Bonds,

Series

2024,

4.125%,

2/15/51

-

AGM

Insured

No

Opt.

Call

6,926,218

3,105

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Houston

Methodist

Hospital

System,

Series

2015,

5.000%,

12/01/45

6/25

at

100.00

3,123,973

1,000

Harris

County

Flood

Control

District,

Texas,

General

Obligation

Bonds,

Refunding

Improvement,

Green

Series

2023A,

4.000%,

9/15/48

9/33

at

100.00

954,585

4,080

(c)

Harris

County,

Texas,

General

Obligtion

Toll

Road

Revenue

Bonds,

Tender

Option

Bond

Trust

2015-XF0074,

6.726%,

8/15/32

-

AGM

Insured,

(IF)

No

Opt.

Call

6,103,314

6,000

Harris

County-Houston

Sports

Authority,

Texas,

Revenue

Bonds,

Capital

Appreciation

Refunding

Senior

Lien

Series

2014A,

0.000%,

11/15/48

11/31

at

44.13

1,739,506

3,775

Harris

County-Houston

Sports

Authority,

Texas,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2014A,

5.000%,

11/15/53

11/24

at

100.00

3,665,796

Harris

County-Houston

Sports

Authority,

Texas,

Revenue

Bonds,

Third

Lien

Series

2004A-3

:

14,055

0.000%,

11/15/34

-

NPFG

Insured

11/24

at

55.69

7,632,867

1,940

(e)

0.000%,

11/15/34,

(Pre-refunded

11/15/24)

-

NPFG

Insured

11/24

at

55.69

1,055,658

Hidalgo

County

Regional

Mobility

Authority,

Texas,

Toll

and

Vehicle

Registration

Fee

Revenue

Bonds,

Senior

Lien

Series

2022A

:

2,295

0.000%,

12/01/42

12/31

at

68.27

913,477

3,000

0.000%,

12/01/43

12/31

at

65.48

1,123,381

3,000

0.000%,

12/01/44

12/31

at

62.57

1,051,401

4,000

0.000%,

12/01/45

12/31

at

59.85

1,318,300

7,165

0.000%,

12/01/46

12/31

at

57.36

2,218,477

7,580

0.000%,

12/01/47

12/31

at

55.10

2,202,778

7,095

0.000%,

12/01/48

12/31

at

52.91

1,942,558

7,550

0.000%,

12/01/49

12/31

at

50.78

1,927,119

5,140

0.000%,

12/01/50

12/31

at

48.73

1,227,785

4,000

0.000%,

12/01/51

12/31

at

46.73

893,296

57

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

5,000

Houston

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

KIPP,

Inc.,

Refunding

Series

2015,

4.000%,

8/15/44

8/25

at

100.00

$

4,761,838

100

Houston

Higher

Education

Finance

Corporation,

Texas,

Revenue

Bonds,

Rice

University,

Series

2024,

5.000%,

5/15/34

No

Opt.

Call

117,073

Houston,

Texas,

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Convention

and

Entertainment

Project,

Series

2001B

:

4,090

0.000%,

9/01/26

-

AMBAC

Insured

No

Opt.

Call

3,739,014

4,865

0.000%,

9/01/27

-

AGM

Insured

No

Opt.

Call

4,287,253

4,715

Houston,

Texas,

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Refunding

Series

2015,

5.000%,

9/01/40

9/24

at

100.00

4,718,038

17,000

(e)

Houston,

Texas,

Water

and

Sewerage

System

Revenue

Bonds,

Refunding

Junior

Lien

Series

2002A,

5.750%,

12/01/32

-

AGM

Insured,

(ETM)

No

Opt.

Call

20,677,472

2,895

Humble

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2024,

4.000%,

2/15/54

2/34

at

100.00

2,731,922

6,545

Hurst-Euless-Bedford

Independent

School

District,

Tarrant

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2024,

4.000%,

8/15/50

8/34

at

100.00

6,161,013

3,450

Judson

Independent

School

District,

Bexar

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2024,

4.000%,

2/01/53

2/34

at

100.00

3,227,260

940

Kerrville

Health

Facilities

Development

Corporation,

Texas,

Revenue

Bonds,

Sid

Peterson

Memorial

Hospital

Project,

Series

2015,

5.000%,

8/15/30

8/25

at

100.00

949,419

6,665

Lamar

Consolidated

Independent

School

District,

Fort

Bend

County,

Texas,

General

Obligation

Bonds,

Schoolhouse

Series

2023A,

5.000%,

2/15/58

2/33

at

100.00

7,026,691

1,000

Lower

Colorado

River

Authority,

Texas,

Transmission

Contract

Revenue

Bonds,

LCRA

Transmission

Services

Corporation

Project,

Refunding

Series

2015,

5.000%,

5/15/45

5/25

at

100.00

1,007,462

McCamey

County

Hospital

District,

Texas,

General

Obligation

Bonds,

Series

2013

:

3,095

5.750%,

12/01/33

12/25

at

100.00

3,121,186

3,125

6.125%,

12/01/38

12/25

at

100.00

3,145,744

6,465

Midland

Independent

School

District,

Midland

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2024,

4.000%,

2/15/54

2/33

at

100.00

6,045,376

2,865

New

Braunfels,

Comal

County,

Texas,

Utility

System

Revenue

Bonds,

Refunding

Series

2024,

4.000%,

7/01/55

7/34

at

100.00

2,620,489

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Retirement

Facility

Revenue

Bonds,

Legacy

at

Willow

Bend

Project,

Series

2016

:

2,335

5.000%,

11/01/46

5/24

at

103.00

1,851,957

6,015

5.000%,

11/01/51

5/24

at

103.00

4,633,273

745

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Retirement

Facility

Revenue

Bonds,

Wesleyan

Homes,

Inc.

Project,

Series

2014,

5.500%,

1/01/43

1/25

at

100.00

639,869

210

(e)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Student

Housing

Revenue

Bonds,

CHF-Collegiate

Housing

Corpus

Christi

II,

L.L.C.-Texas

A&M

University-Corpus

Christi

Project,

Series

2016A,

5.000%,

4/01/48,

(Pre-refunded

4/01/26)

4/26

at

100.00

215,778

4,530

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Student

Housing

Revenue

Bonds,

CHF-Collegiate

Housing

Foundation

-

College

Station

I

LLC

-

Texas

A&M

University

Project,

Series

2014A,

4.100%,

4/01/34

-

AGM

Insured

5/24

at

100.00

4,337,921

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

58

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

820

(e)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Student

Housing

Revenue

Bonds,

CHF-Collegiate

Housing

Foundation

-

San

Antonio

1,

L.L.C.

-

Texas

A&M

University

-

San

Antonio

Project,

Series

2016A,

5.000%,

4/01/48,

(Pre-refunded

4/01/26)

4/26

at

100.00

$

841,797

North

Texas

Tollway

Authority,

Special

Projects

System

Revenue

Bonds,

Convertible

Capital

Appreciation

Series

2011C

:

2,590

(e)

7.000%,

9/01/43,

(Pre-refunded

9/01/31)

9/31

at

100.00

3,164,618

3,910

(e)

6.750%,

9/01/45,

(Pre-refunded

9/01/31)

9/31

at

100.00

4,799,866

2,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

Second

Tier,

Series

2015A,

5.000%,

1/01/38

1/25

at

100.00

2,008,998

2,850

Northside

Independent

School

District,

Bexar

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2024A,

4.000%,

8/15/49,

(WI/

DD)

No

Opt.

Call

2,735,606

5,410

Prosper

Independent

School

District,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

School

Building

Series

2024,

4.000%,

2/15/54

2/34

at

100.00

5,070,858

610

Reagan

Hospital

District

of

Reagan

County,

Texas,

Limited

Tax

Revenue

Bonds,

Series

2014A,

5.125%,

2/01/39

5/24

at

100.00

575,954

1,080

Red

River

Education

Finance

Corporation,

Texas,

Higher

Education

Revenue

Bonds,

Saint

Edwards

University

Project,

Series

2016,

4.000%,

6/01/41

6/26

at

100.00

928,015

1,000

San

Antonio,

Texas,

Electric

and

Gas

Systems

Revenue

Bonds,

Refunding

New

Series

2023B,

4.000%,

2/01/43

8/33

at

100.00

992,493

19,955

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Christus

Health,

Series

2022A,

4.000%,

7/01/53

7/32

at

100.00

17,995,199

11,540

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Texas

Health

Resources

System,

Series

2016A,

5.000%,

2/15/47

8/26

at

100.00

11,679,616

3,955

Texas

City

Industrial

Development

Corporation,

Texas,

Industrial

Development

Revenue

Bonds,

NRG

Energy,

inc.

Project,

Fixed

Rate

Series

2012,

4.125%,

12/01/45

2/25

at

100.00

3,497,658

4,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Series

2024A,

5.000%,

1/01/49

1/33

at

100.00

4,024,333

2,565

Texas

Department

of

Housing

and

Community

Affairs,

Single

Family

Mortgage

Revenue

Bonds,

Series

2018A,

4.250%,

9/01/43

9/27

at

100.00

2,506,749

Texas

Department

of

Housing

and

Community

Affairs,

Single

Family

Mortgage

Revenue

Bonds,

Series

2021A

:

7,155

2.250%,

9/01/46

3/30

at

100.00

4,576,118

6,905

2.350%,

9/01/51

3/30

at

100.00

4,337,913

2,415

Texas

Department

of

Housing

and

Community

Affairs,

Single

Family

Mortgage

Revenue

Bonds,

Series

2023A,

4.600%,

9/01/43

9/32

at

100.00

2,438,343

4,000

Texas

Department

of

Housing

and

Community

Affairs,

Single

Family

Mortgage

Revenue

Bonds,

Series

2023C,

5.125%,

9/01/53

9/32

at

100.00

4,076,456

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-635

Managed

Lanes

Project,

Refunding  Series

2020A

:

5,810

4.000%,

12/31/36

12/30

at

100.00

5,884,327

2,735

4.000%,

6/30/37

12/30

at

100.00

2,756,187

Texas

Transportation

Commission,

Central

Texas

Turnpike

System

Revenue

Bonds,

Refunding

First

Tier

Series

2015B

:

11,280

0.000%,

8/15/36

8/24

at

59.60

6,338,315

10,000

0.000%,

8/15/37

8/24

at

56.94

5,276,504

Texas

Transportation

Commission,

Central

Texas

Turnpike

System

Revenue

Bonds,

Refunding

Second

Tier

Series

2015C

:

59

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

5,230

5.000%,

8/15/37

8/24

at

100.00

$

5,238,765

31,775

5.000%,

8/15/42

8/24

at

100.00

31,794,507

5,500

Texas

Transportation

Commission,

State

Highway

249

System

Revenue

Bonds,

First

Tier

Toll

Series

2019A,

5.000%,

8/01/57

2/29

at

100.00

5,554,528

4,400

Texas

Turnpike

Authority,

Central

Texas

Turnpike

System

Revenue

Bonds,

First

Tier

Series

2002A,

0.000%,

8/15/25

-

AMBAC

Insured

No

Opt.

Call

4,178,463

1,000

Waxahachie

Independent

School

District,

Ellis

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2023,

4.250%,

2/15/53

8/33

at

100.00

972,662

500

Ysleta

Independent

School

District

Public

Facility

Corporation,

Texas,

Lease

Revenue

Refunding

Bonds,

Series

2001,

5.375%,

11/15/24

-

AMBAC

Insured

5/24

at

100.00

503,095

Total

Texas

386,147,585

Utah

-

0.4%

(0.3%

of

Total

Investments)

Black

Desert

Public

Infrastructure

District,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2021A

:

510

(c)

3.750%,

3/01/41

9/26

at

103.00

401,979

1,095

(c)

4.000%,

3/01/51

9/26

at

103.00

798,979

5,085

(c)

Downtown

East

Streetcar

Sewer

Public

Infrastructure

District,

South

Salt

Lake,

Salt

Lake

County,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2022A,

6.000%,

3/01/53

9/27

at

103.00

4,836,557

3,360

(c)

MIDA

Military

Installation

Development

Authority

Golf

and

Equestrian

Center

Public

Infrastructure

District,

Utah,

Limited

Tax

and

Tax

Allocation

Revenue

Bonds,

Series

2021,

4.500%,

6/01/51

12/26

at

103.00

2,366,528

500

(c)

Red

Bridge

Public

Infrastructure

District

1,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2021A,

4.375%,

2/01/51

2/26

at

103.00

351,117

Utah

Housing

Corporation,

Single

Family

Mortgage

Bonds,

Series

2024A

:

2,185

4.750%,

1/01/44

7/32

at

100.00

2,205,120

1,735

5.000%,

1/01/54

7/32

at

100.00

1,750,809

Total

Utah

12,711,089

Vermont

-

0.1%

(0.1%

of

Total

Investments)

1,835

Vermont

Economic

Development

Authority,

Mortgage

Revenue

Bonds,

Wake

Robin

Corporation

Project,

Series

2021A,

4.000%,

5/01/45

5/28

at

103.00

1,508,644

1,080

Vermont

Housing

Finance

Agency,

Multiple

Purpose

Bonds,

Social

Series

2023E,

4.800%,

11/01/43

11/32

at

100.00

1,096,766

Total

Vermont

2,605,410

Virgin

Islands

-

0.2%

(0.1%

of

Total

Investments)

1,695

Virgin

Islands

Public

Finance

Authority,

Gross

Receipts

Taxes

Loan

Note,

Refunding

Series

2012A,

5.000%,

10/01/32

-

AGM

Insured

5/24

at

100.00

1,711,759

4,715

(c)

West

Indian

Company

Limited,

Virgin

Islands,

Port

Facilities

Revenue

Bonds,

WICO

Financing,

Series

2022A,

6.375%,

4/01/52

10/29

at

104.00

4,511,653

Total

Virgin

Islands

6,223,412

Virginia

-

1.9%

(1.1%

of

Total

Investments)

Embrey

Mill

Community

Development

Authority,

Virginia,

Special

Assessment

Revenue

Bonds,

Series

2015

:

1,180

(e)

5.300%,

3/01/35,

(Pre-refunded

3/01/25)

3/25

at

100.00

1,194,967

1,085

(e)

5.600%,

3/01/45,

(Pre-refunded

3/01/25)

3/25

at

100.00

1,101,397

5,000

Hampton

Roads

Transportation

Accountability

Commision,

Virginia,

Revenue

Bonds,

Hampton

Roads

Transportation

Fund,

Senior

Lien

Series

2020A,

5.000%,

7/01/60

7/30

at

100.00

5,214,291

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

60

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Virginia

(continued)

$

10,975

Isle

Economic

Development

Authority,

Wight

County,

Virginia,

Health

System

Revenue

Bonds,

Riverside

Health

System

Series

2023,

4.750%,

7/01/53

-

AGM

Insured

7/33

at

100.00

$

11,215,108

James

City

County

Economic

Development

Authority,

Virginia,

Residential

Care

Facility

Revenue

Bonds,

Williamsburg

Landing

Inc.,

Refunding

Series

2021A

:

1,115

4.000%,

12/01/40

12/27

at

103.00

966,380

2,690

4.000%,

12/01/50

12/27

at

103.00

2,073,805

2,000

(c)

Peninsula

Town

Center

Community

Development

Authority,

Virginia,

Special

Obligation

Bonds,

Refunding

Series

2018,

5.000%,

9/01/45

9/27

at

100.00

1,837,309

370

Virginia

College

Building

Authority,

Educational

Facilities

Revenue

Bonds,

21st

Century

College

&

Equipment

Programs,

Series

2024A,

4.000%,

2/01/44,

(WI/DD)

2/34

at

100.00

362,065

1,000

(c)

Virginia

College

Building

Authority,

Educational

Facilities

Revenue

Bonds,

Marymount

University

Project,

Green

Series

2015B,

5.250%,

7/01/35

7/25

at

100.00

1,001,714

12,150

Virginia

Commonwealth

University

Health

System

Authority,

General

Revenue

Bonds,

Series

2024A,

4.000%,

7/01/54

7/34

at

100.00

11,279,917

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2023C

:

1,000

4.700%,

7/01/43

7/32

at

100.00

1,005,868

1,070

4.950%,

1/01/54

7/32

at

100.00

1,083,375

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2023E-I

:

1,025

4.550%,

10/01/49

4/33

at

100.00

1,010,629

1,350

4.600%,

10/01/54

4/33

at

100.00

1,323,409

1,500

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2023D,

4.700%,

8/01/48

8/32

at

100.00

1,510,259

10,480

Virginia

Small

Business

Finance

Authority,

Healthcare

Facilities

Revenue

Bonds,

Bon

Secours

Mercy

Health,

Inc.,

Series

2020A,

4.000%,

12/01/49

6/30

at

100.00

9,689,456

1,970

(c)

Virginia

Small

Business

Finance

Authority,

Tourism

Development

Financing

Program

Revenue

Bonds,

Downtown

Norfolk

and

Virginia

Beach

Oceanfront

Hotel

Projects,

Series

2018A,

8.375%,

4/01/41

4/28

at

112.76

1,944,693

Total

Virginia

53,814,642

Washington

-

1.3%

(0.7%

of

Total

Investments)

5,000

Energy

Northwest,

Washington,

Electric

Revenue

Bonds,

Columbia

Generating

Station,

Refunding

Series

2015A,

5.000%,

7/01/38

7/25

at

100.00

5,065,904

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Health

&

Services,

Series

2014C

:

4,120

5.000%,

10/01/44

10/24

at

100.00

4,124,658

880

(e)

5.000%,

10/01/44,

(Pre-refunded

10/01/24)

10/24

at

100.00

882,962

Washington

State

Housing

Finance

Commission,

Non-profit

Housing

Revenue

Bonds,

Presbyterian

Retirement

Communities

Northwest

Proejct,

Refunding

Series

2016A

:

5,450

(c)

5.000%,

1/01/46

1/25

at

102.00

4,382,467

3,650

(c)

5.000%,

1/01/51

1/25

at

102.00

2,809,270

21,510

(f)

Washington

State,

Motor

Vehicle

Fuel

Tax

General

Obligation

Bonds,

Series

2002-03C,

0.000%,

6/01/28

-

NPFG

Insured,

(UB)

No

Opt.

Call

18,743,321

Total

Washington

36,008,582

61

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

West

Virginia

-

0.5%

(0.3%

of

Total

Investments)

$

1,900

(c)

Monongalia

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

University

Town

Centre

Economic

Opportunity

Development

District,

Refunding

&

Improvement

Series

2017A,

5.500%,

6/01/37

6/27

at

100.00

$

1,933,357

440

(c)

Monongalia

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

University

Town

Centre

Economic

Opportunity

Development

District,

Refunding

&

Improvement

Series

2021A,

4.125%,

6/01/43

6/31

at

100.00

378,562

1,000

West

Virginia

Hospital

Finance

Authority,

Hospital

Revenue

Bonds,

Cabell

Huntington

Hospital,

Inc.

Project,

Refunding

&

Improvement

Series

2018A,

5.000%,

1/01/43

1/29

at

100.00

941,812

West

Virginia

Hospital

Finance

Authority,

Revenue

Bonds,

West

Virginia

University

Health

System,

Improvement

Series

2023A

:

2,750

(f)

4.250%,

6/01/47,

(UB)

6/33

at

100.00

2,660,665

5,000

(f)

4.375%,

6/01/53,

(UB)

6/33

at

100.00

4,786,299

3,000

West

Virginia

Housing

Development

Fund,

Housing

Finance

Revenue

Bonds,

Social

Series

2023D,

4.600%,

11/01/43

11/32

at

100.00

3,029,000

2,000

West

Virginia

Housing

Development

Fund,

Housing

Finance

Revenue

Bonds,

Social

Series

2024A,

4.550%,

11/01/49

5/33

at

100.00

1,983,072

Total

West

Virginia

15,712,767

Wisconsin

-

4.6%

(2.7%

of

Total

Investments)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Cornerstone

Charter

Academy,

North

Carolina,

Series

2016A

:

1,750

(c)

5.000%,

2/01/36

2/26

at

100.00

1,692,500

305

(c)

5.125%,

2/01/46

2/26

at

100.00

275,387

1,715

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Corvian

Community

School

Bonds,

North

Carolina,

Series

2019A,

5.000%,

6/15/49

6/26

at

100.00

1,464,219

500

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Corvian

Community

School,

North

Carolina,

Series

2017A,

5.125%,

6/15/47

6/24

at

100.00

439,968

1,480

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Envision

Science

Academy

Project,

Series

2016A,

5.125%,

5/01/36

5/26

at

100.00

1,440,580

6,000

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Phoenix

Academy

Charter

School,

North

Carolina,

Series

2017A,

5.625%,

6/15/37

6/24

at

100.00

5,590,884

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Uwharrie

Charter

Academy,

North

Carolina,

Series

2017A

:

1,000

(c)

5.500%,

6/15/37

6/27

at

100.00

1,015,946

1,790

(c)

5.625%,

6/15/47

6/27

at

100.00

1,795,194

1,500

(c)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Corvian

Community

School,

North

Carolina

Series

2023A,

6.250%,

6/15/53

6/33

at

100.00

1,502,966

14,030

Public

Finance

Authority

of

Wisconsin,

Health

Care

System

Revenue

Bonds,

Cone

Health,

Series

2022A,

4.000%,

10/01/52

10/32

at

100.00

12,679,768

35,100

(c)

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

PILOT

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017,

7.000%,

12/01/50

12/27

at

100.00

33,968,787

1,700

(c),(d)

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Alabama

Proton

Therapy

Center,

Senior

Series

2017A,

7.000%,

10/01/47

10/27

at

100.00

170,000

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Prime

Healthcare

Foundation,

Inc.,

Series

2017A

:

865

5.000%,

12/01/27

No

Opt.

Call

872,281

1,815

5.200%,

12/01/37

12/27

at

100.00

1,834,178

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

62

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Wisconsin

(continued)

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Roseman

University

of

Health

Sciences,

Series

2020

:

$

1,225

(c)

5.000%,

4/01/40

4/30

at

100.00

$

1,243,102

75

(c),(e)

5.000%,

4/01/40,

(Pre-refunded

4/01/30)

4/30

at

100.00

82,719

4,520

(c)

5.000%,

4/01/50

4/30

at

100.00

4,455,203

245

(c),(e)

5.000%,

4/01/50,

(Pre-refunded

4/01/30)

4/30

at

100.00

270,217

5,625

(c)

Public

Finance

Authority,

Wisconsin,

Educational

Revenue

Bonds,

Lake

Norman

Charter

School,

Series

2018A,

5.000%,

6/15/48

6/26

at

100.00

5,215,737

2,500

Public

Finance

Authority,

Wisconsin,

Exempt

Facilities

Revenue

Bonds,

Celanese

Project,

Refunding

Series

2016C,

4.050%,

11/01/30

5/26

at

100.00

2,409,916

Wisconsin

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Mercy

Alliance,

Inc.,

Series

2012

:

11,000

5.000%,

6/01/32

5/24

at

100.00

11,005,374

1,000

5.000%,

6/01/39

5/24

at

100.00

1,000,229

Wisconsin

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

PHW

Muskego,

Inc.

Project,

Series

2021

:

2,405

4.000%,

10/01/51

10/28

at

102.00

1,754,106

3,845

4.000%,

10/01/61

10/28

at

102.00

2,627,630

1,450

(c)

Wisconsin

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Rocket

Education

Obligated

Group,

Series

2017C,

5.250%,

6/01/40

6/26

at

100.00

1,442,152

1,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

American

Baptist

Homes

of

the

Midwest

Obligated

Group,

Refunding

Series

2017,

5.000%,

8/01/37

8/24

at

103.00

800,869

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Dickson

Hollow

Project.

Series

2014

:

1,000

5.375%,

10/01/44

5/24

at

101.00

909,439

1,500

5.500%,

10/01/49

5/24

at

101.00

1,338,393

3,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Marshfield

Clinic,

Series

2016A,

5.000%,

2/15/42

2/26

at

100.00

3,000,690

2,275

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Oakwood

Lutheran

Senior

Ministries,

Series

2021,

4.000%,

1/01/57

1/27

at

103.00

1,316,109

1,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Rogers

Memorial

Hospital,

Inc.,

Series

2014A,

5.000%,

7/01/34

7/24

at

100.00

1,000,146

1,850

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Saint

Camillus

Health

System

Inc,

Series

2019A,

5.000%,

11/01/54

11/26

at

103.00

1,475,571

10,520

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

ThedaCare

Inc,

Series

2019,

4.000%,

12/15/49

12/29

at

100.00

9,604,342

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Woodland

Hills

Senior

Housing

Project,

Series

2014

:

2,565

5.000%,

12/01/44

5/24

at

101.00

2,204,384

1,775

5.250%,

12/01/49

5/24

at

101.00

1,537,580

7,500

Wisconsin

Housing

and

Economic

Development

Authority,

Home

Ownership

Revenue

Bonds,

Social

Series

2024A,

4.750%,

9/01/50,

(UB)

3/33

at

100.00

7,525,654

Wisconsin

Housing

and

Economic

Development

Authority,

Housing

Revenue

Bonds,

Series

2019A

:

2,800

3.150%,

11/01/44

11/28

at

100.00

2,170,515

3,000

3.200%,

11/01/49

11/28

at

100.00

2,265,013

Total

Wisconsin

131,397,748

Wyoming

-

0.2%

(0.1%

of

Total

Investments)

2,500

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2023

Series

1,

4.400%,

12/01/43

6/32

at

100.00

2,502,323

63

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Wyoming

(continued)

$

3,585

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2023

Series

3,

4.700%,

12/01/43

6/32

at

100.00

$

3,605,941

Total

Wyoming

6,108,264

Total

Municipal

Bonds

(cost

$4,832,710,385)

4,690,795,609

Shares

Description

(a)

Value

X

–

COMMON

STOCKS

-

1.6%

(1.0%

of

Total

Investments)

X

46,064,665

Utilities

-

1.6%

(1.0%

of

Total

Investments)

31,204

(i),(j)

Talen

Energy

Supply

LLC

$

3,086,606

19,359

(g),(j),(k)

Vistra

Vision

42,978,059

Total

Utilities

46,064,665

Total

Common

Stocks

(cost

$16,014,350)

46,064,665

Total

Long-Term

Investments

(cost

$4,848,724,735)

4,736,860,274

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

SHORT-TERM

INVESTMENTS

-

1.8% (1.1%

of

Total

Investments)

–

MUNICIPAL

BONDS

-

1.8%

(1.1%

of

Total

Investments)

X

52,245,000

California

-

0.2%

(0.1%

of

Total

Investments)

$

5,105

(l)

San

Mateo

County

Transportation

Authority,

California,

Sales

Tax

Revenue

Bonds,

Limited

Tax

Variable

Rate

Demand

Subordinate

Series

2020B,

3.600%,

6/01/49,

(Mandatory

Put

5/7

/2024)

4/24

at

100.00

$

5,105,000

Total

California

5,105,000

Indiana

-

0.4%

(0.2%

of

Total

Investments)

10,080

(c),(l)

Indiana

Finance

Authority,

First

Lien

Wastewater

Utility

Revenue

Bonds,

CWA

Authority

Project,

Tender

Option

Bond

Trust

Series

2023-XM1102,

3.830%,

10/01/28,

(Mandatory

Put

5/7/2024)

No

Opt.

Call

10,080,000

Total

Indiana

10,080,000

Michigan

-

0.7%

(0.5%

of

Total

Investments)

20,745

(l)

Michigan

State

Building

Authority,

Revenue

Bonds,

Facilities

Program,

Series

2023I,

3.870%,

4/15/58,

(Mandatory

Put

5/7/2024)

4/24

at

100.00

20,745,000

Total

Michigan

20,745,000

New

York

-

0.2%

(0.1%

of

Total

Investments)

6,315

(l)

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2014

Adjustable

Rate

Series

AA-2,

3.800%,

6/15/50

4/20

at

100.00

6,315,000

Total

New

York

6,315,000

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

64

NVG

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

-

0.3%

(0.2%

of

Total

Investments)

$

10,000

(l)

Houston,

Texas,

Combined

Utility

System

Revenue

Bonds,

Refunding

First

Lien

Weekly

Rate

Series

2012A,

3.750%,

5/15/34,

(Mandatory

Put

5/7/2024)

4/24

at

100.00

$

10,000,000

Total

Texas

10,000,000

Total

Municipal

Bonds

(cost

$52,245,000)

52,245,000

Total

Short-Term

Investments

(cost

$52,245,000)

52,245,000

Total

Investments

(cost

$4,900,969,735

)

-

167.2%

4,789,105,274

Floating

Rate

Obligations

-

(7.2)%

(206,715,000)

MFP

Shares,

Net

-

(18.0)%(m)

(515,698,055)

VRDP

Shares,

Net-

(43.1)%(n)

(1,233,990,758)

Other

Assets

&

Liabilities,

Net

-   1.1%

31,111,975

Net

Assets

Applicable

to

Common

Shares

-

100%

$

2,863,813,436

(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)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$564,565,935

or

11.8%

of

Total

Investments.

(d)

Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(e)

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.

(f)

Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

inverse

floating

rate

transactions.

(g)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

(h)

Step-up

coupon

bond,

a

bond

with

a

coupon

that

increases

("steps

up"),

usually

at

regular

intervals,

while

the

bond

is

outstanding.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(i)

In

May

2023,

Talen

Energy

completed

a

Chapter

11

plan

of

reorganization

whereby

the

Fund

received

Talen

Energy

Common

Stock

in

exchange

for

the

following

portfolio

holding:

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Refunding

Bonds,

PPL

Energy

Supply,

LLC

Project,

Series

2009A,

6.400%,

12/01/38.

(j)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(k)

On

March

1,

2024,

Vistra

Corp.

(“Vistra”)

completed

its

acquisition

of

Energy

Harbor

Corp

(“ENGH”).  ENGH

has

been

merged

into

a

newly

formed

subsidiary

of

Vistra,

Vistra

Vision.  In

connection

with

the

transaction,

holders

of

ENGH

common

stock

received

a

combination

of

cash

and

membership

interests

in

Vistra

Vision.  

These

Vistra

Vision

interests

were

issued

in

a

private

transaction

and

may

have

reduced

secondary

market

liquidity.

(l)

Investment

has

a

maturity

of

greater

than

one

year,

but

has

variable

rate

and/or

demand

features

which

qualify

it

as

a

short-term

investment.

The

rate

disclosed,

as

well

as

the

reference

rate

and

spread,

where

applicable,

is

that

in

effect

as

of

the

end

of

the

reporting

period.

This

rate

changes

periodically

based

on

market

conditions

or

a

specified

market

index.

(m)

MFP

Shares,

Net

as

a

percentage

of

Total

Investments

is

10.8%.

(n)

VRDP

Shares,

Net

as

a

percentage

of

Total

Investments

is

25.8%.

ETM

Escrowed

to

maturity

IF

Inverse

floating

rate

security

issued

by

a

tender

option

bond

(“TOB”)

trust,

the

interest

rate

on

which

varies

inversely

with

the

Securities

Industry

Financial

Markets

Association

(SIFMA)

short-term

rate,

which

resets

weekly,

or

a

similar

short-term

rate,

and

is

reduced

by

the

expenses

related

to

the

TOB

trust.

UB

Underlying

bond

of

an

inverse

floating

rate

trust

reflected

as

a

financing

transaction.

WI/DD

When-issued

or

delayed

delivery

security.

See

Notes

to

Financial

Statements

65

Nuveen

Municipal

Credit

Income

Fund

Portfolio

of

Investments

April

30,

2024

(Unaudited)

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

LONG-TERM

INVESTMENTS

-

162.2% 

(100.0%

of

Total

Investments)

X

–

MUNICIPAL

BONDS

-

158

.5

%

(

97

.7

%

of

Total

Investments)

X

4,157,429,090

Alabama

-

1.3%

(0.8%

of

Total

Investments)

$

15,310

(c)

Alabama

Corrections

Institution

Finance

Authority,

Revenue

Bonds,

Series

2022A,

5.250%,

7/01/52,

(UB)

7/32

at

100.00

$

16,277,151

8,585

(d)

Alabama

Private

Colleges

and

University

Facilities

Authority,

Limited

Obligation

Bonds,

University

of

Mobile

Project,

Series

2015A,

6.000%,

9/01/45

9/25

at

100.00

8,626,561

430

(e)

Alabama

Special

Care

Facilities

Financing

Authority,

Birmingham,

Hospital

Revenue

Bonds,

Daughters

of

Charity

National

Health

System

-

Providence

Hospital

and

St.

Vincent's

Hospital,

Series

1995,

5.000%,

11/01/25,

(ETM)

5/24

at

100.00

449,960

2,280

(c)

Alabama

Special

Care

Facilities

Financing

Authority,

Revenue

Bonds,

Ascension

Health,

Series

2016B,

5.000%,

11/15/46

5/26

at

100.00

2,304,866

2,720

Alabama

Special

Care

Facilities

Financing

Authority,

Revenue

Bonds,

Ascension

Health,

Series

2016C,

5.000%,

11/15/46

5/26

at

100.00

2,748,082

340

Hoover

Industrial

Development

Board,

Alabama,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Proejcet,

Series

2019,

5.750%,

10/01/49,

(AMT)

10/29

at

100.00

349,192

2,945

(c)

Jefferson

County,

Alabama,

Sewer

Revenue

Warrants,

Series

2024,

5.500%,

10/01/53,

(UB)

10/33

at

100.00

3,154,277

Total

Alabama

33,910,089

Alaska

-

0.2%

(0.1%

of

Total

Investments)

Alaska

Industrial

Development

and

Export

Authority,

Power

Revenue

Bonds,

Snettisham

Hydroelectric

Project,

Refunding

Series

2015

:

1,000

5.000%,

1/01/31,

(AMT)

7/25

at

100.00

1,007,397

2,950

5.000%,

1/01/33,

(AMT)

7/25

at

100.00

2,970,817

2,400

5.000%,

1/01/34,

(AMT)

7/25

at

100.00

2,416,762

Total

Alaska

6,394,976

Arizona

-

1.2%

(0.8%

of

Total

Investments)

2,820

(e)

Arizona

Health

Facilities

Authority,

Revenue

Bonds,

Scottsdale

Lincoln

Hospitals

Project,

Refunding

Series

2014A,

5.000%,

12/01/42,

(Pre-

refunded

12/01/24)

12/24

at

100.00

2,838,610

2,131

(d),(f)

Cahava

Springs

Revitalization

District,

Cave

Creek,

Arizona,

Special

Assessment

Bonds,

Series

2017A,

7.000%,

7/01/41

7/27

at

100.00

1,640,888

3,185

(d)

Eastmark

Community

Facilities

District

1,

Mesa,

Arizona,

General

Obligation

Bonds,

Series

2015,

5.000%,

7/15/39

7/25

at

100.00

3,132,078

10,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Airport

Revenue

Bonds,

Senior

Lien

Series

2017A,

5.000%,

7/01/47,

(AMT)

7/27

at

100.00

10,100,123

Phoenix

Mesa

Gateway

Airport

Authority,

Arizona,

Special

Facility

Revenue

Bonds,

Mesa

Project,

Series

2012

:

400

5.000%,

7/01/27,

(AMT)

5/24

at

100.00

400,133

950

5.000%,

7/01/32,

(AMT)

5/24

at

100.00

950,479

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Series

2016

:

1,790

5.375%,

7/01/46

7/26

at

100.00

1,721,256

2,140

5.500%,

7/01/51

7/26

at

100.00

2,057,979

2,060

(d)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

San

Tan

Montessori

School

Project,

Series

2017,

6.750%,

2/01/50

2/28

at

100.00

2,109,525

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

66

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Arizona

(continued)

$

35

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

The

Paideia

Academies

Project,

2019,

5.125%,

7/01/39

7/25

at

100.00

$

33,210

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007

:

50

5.000%,

12/01/32

No

Opt.

Call

52,614

7,235

5.000%,

12/01/37

No

Opt.

Call

7,695,210

Total

Arizona

32,732,105

Arkansas

-

1.2%

(0.7%

of

Total

Investments)

10,055

(d)

Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation,

Green

Series

2022,

5.450%,

9/01/52,

(AMT)

9/25

at

105.00

10,182,880

12,410

Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation,

Green

Series

2023,

5.700%,

5/01/53,

(AMT)

5/26

at

105.00

12,762,743

6,000

(d)

Arkansas

Development

Finance

Authority,

Industrial

Development

Revenue

Bonds,

Big

River

Steel

Project,

Series

2019,

4.500%,

9/01/49,

(AMT)

9/26

at

103.00

5,875,262

2,000

(d)

Arkansas

Development

Finance

Authority,

Industrial

Development

Revenue

Bonds,

Big

River

Steel

Project,

Series

2020A,

4.750%,

9/01/49,

(AMT)

9/27

at

103.00

1,959,453

Total

Arkansas

30,780,338

California

-

20.7%

(12.8%

of

Total

Investments)

4,225

Alameda

Unified

School

District,

Alameda

County,

California,

General

Obligation

Bonds,

Series

2005B,

0.000%,

8/01/28

-

AGM

Insured

No

Opt.

Call

3,659,642

535

Antelope

Valley

Healthcare

District,

California,

Revenue

Bonds,

Series

2016A,

5.000%,

3/01/41

3/26

at

100.00

505,932

1,900

Blythe

Redevelopment

Agency

Successor

Agency,

California,

Tax

Allocation

Bonds,

Redevelopment

Project

1,

Refunding

Series

2015,

5.000%,

5/01/38

11/25

at

100.00

1,920,990

165

Brentwood

Infrastructure

Financing

Authority,

California,

Infrastructure

Revenue

Bonds,

Refunding

Subordinated

Series

2014B,

5.000%,

9/02/36

9/24

at

100.00

165,413

Calexico

Unified

School

District,

Imperial

County,

California,

General

Obligation

Bonds,

Election

of

2004

Series

2005B

:

4,070

0.000%,

8/01/32

-

FGIC

Insured

No

Opt.

Call

3,009,776

6,410

0.000%,

8/01/34

-

FGIC

Insured

No

Opt.

Call

4,394,745

1,510

(d)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Serenity

at

Larkspur

Apartments,

Series

2020A,

5.000%,

2/01/50

2/30

at

100.00

1,055,991

1,515

(d)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Verdant

at

Green

Valley

Apartments,

Series

2019A,

5.000%,

8/01/49

8/29

at

100.00

1,421,946

1,295

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Golden

Gate

Tobacco

Funding

Corporation,

Turbo,

Series

2007A,

5.000%,

6/01/36

5/24

at

100.00

1,269,652

22,650

(c)

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

City

of

Hope

National

Medical

Center,

Series

2019,

5.000%,

11/15/49,

(UB)

11/26

at

100.00

22,935,503

3,500

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2020A,

4.000%,

4/01/45

4/30

at

100.00

3,340,326

825

(d)

California

Municipal

Finance

Authority,

Charter

School

Lease

Revenue

Bonds,

Santa

Rosa

Academy

Project,

Series

2015,

5.375%,

7/01/45

7/25

at

100.00

827,101

34,780

California

Municipal

Finance

Authority,

Revenue

Bonds,

Community

Health

System,

Series

2021A,

4.000%,

2/01/51

-

AGM

Insured

2/32

at

100.00

32,984,816

67

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

22,130

California

Municipal

Finance

Authority,

Special

Facility

Revenue

Bonds,

United

Airlines,

Inc.

Los

Angeles

International

Airport

Project,

Series

2019,

4.000%,

7/15/29,

(AMT)

No

Opt.

Call

$

22,005,685

2,000

(d)

California

Pollution

Control

Financing

Authority,

Water

Furnishing

Revenue

Bonds,

San

Diego

County

Water

Authoriity

Desalination

Project

Pipeline,

Refunding

Series

2019,

5.000%,

7/01/39

1/29

at

100.00

2,066,162

2,000

(d)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Downtown

College

Prep

-

Obligated

Group,

Series

2016,

5.000%,

6/01/51

6/26

at

100.00

1,851,981

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2014A

:

2,500

5.250%,

12/01/44

12/24

at

100.00

2,507,220

16,712

5.500%,

12/01/54

12/24

at

100.00

16,763,928

31,280

(d)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A,

5.250%,

12/01/56

6/26

at

100.00

31,429,847

22,205

(d)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2018A,

5.500%,

12/01/58

6/28

at

100.00

22,623,638

11

(f),(g)

California

Statewide

Community

Development

Authority,

Revenue

Bonds,

Daughters

of

Charity

Health

System,

Series

2005A,

5.500%,

7/01/39

1/22

at

100.00

10,617

7

(f),(g)

California

Statewide

Community

Development

Authority,

Revenue

Bonds,

Daughters

of

Charity

Health

System,

Series

2005H,

5.750%,

7/01/25

1/22

at

100.00

7,167

9,955

Capistrano

Unified

School

District,

Orange

County,

California,

Special

Tax

Bonds,

Community

Facilities

District

98-2,

Series

2005,

0.000%,

9/01/31

-

FGIC

Insured

No

Opt.

Call

7,419,540

3,795

Colton

Joint

Unified

School

District,

San

Bernardino

County,

California,

General

Obligation

Bonds,

Series

2006C,

0.000%,

2/01/37

-

FGIC

Insured

No

Opt.

Call

2,346,219

6,215

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Altana

Glendale,

Series

2021A-2,

4.000%,

10/01/56

10/31

at

100.00

4,735,447

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Monterrey

Station

Apartments,

Senior

Lien

Series

2021A-1

:

2,330

(d)

3.000%,

7/01/43

7/32

at

100.00

1,795,916

10,145

(d)

3.125%,

7/01/56

7/32

at

100.00

6,697,554

3,005

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Westgate

Phase

1-Pasadena

Apartments,

Senior

Lien

Series

2021A-1,

3.000%,

6/01/47

6/31

at

100.00

2,075,209

20,855

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Westgate

Phase

1-Pasadena

Apartments,

Senior

Lien

Series

2021A-2,

3.125%,

6/01/57

6/31

at

100.00

12,215,047

15,120

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Wood

Creek

Apartments,

Senior

Lien

Series

2021A-1,

3.000%,

12/01/49

6/32

at

100.00

10,279,430

1,320

Davis,

California,

Special

Tax

Bonds,

Community

Facilities

District

2015-1

Series

2015,

5.000%,

9/01/40

9/25

at

100.00

1,328,703

2,510

Folsom

Cordova

Unified

School

District,

Sacramento

County,

California,

General

Obligation

Bonds,

School

Facilities

Improvement

District

1,

Series

2004B,

0.000%,

10/01/28

-

NPFG

Insured

No

Opt.

Call

2,171,684

3,360

Folsom

Cordova

Unified

School

District,

Sacramento

County,

California,

General

Obligation

Bonds,

School

Facilities

Improvement

District

2,

Series

2002A,

0.000%,

7/01/27

-

NPFG

Insured

No

Opt.

Call

3,011,864

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

68

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

3,725

Foothill/Eastern

Transportation

Corridor

Agency,

California,

Toll

Road

Revenue

Bonds,

Refunding

Senior

Lien

Series

2015A,

0.000%,

1/15/34

-

AGM

Insured

No

Opt.

Call

$

2,632,486

3,000

Foothill/Eastern

Transportation

Corridor

Agency,

California,

Toll

Road

Revenue

Bonds,

Refunding

Series

2013A,

5.800%,

1/15/26

No

Opt.

Call

3,109,444

4,505

Foothill-De

Anza

Community

College

District,

Santa

Clara

County,

California,

Election

of

1999

General

Obligation

Bonds,

Series

A,

0.000%,

8/01/30

-

NPFG

Insured

No

Opt.

Call

3,734,834

2,315

Gateway

Unified

School

District,

California,

General

Obligation

Bonds,

Series

2004B,

0.000%,

8/01/32

-

FGIC

Insured

No

Opt.

Call

1,758,351

3,170

(e)

Golden

State

Tobacco

Securitization

Corporation,

California,

Enhanced

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Series

2005A,

0.000%,

6/01/26

-

AGM

Insured,

(ETM)

No

Opt.

Call

2,946,233

Golden

State

Tobacco

Securitization

Corporation,

California,

Tobacco

Settlement

Asset-Backed

Bonds,

Tender

Option

Bond

Trust

2015-XF1038

:

2,445

(c),(d),(e)

6.903%,

6/01/40,

(Pre-refunded

6/01/25),

(IF)

6/25

at

100.00

2,625,303

1,250

(c),(d)

6.904%,

6/01/40,

(IF)

6/25

at

100.00

1,342,226

15,000

Grossmont

Healthcare

District,

California,

General

Obligation

Bonds,

Refunding

Series

2015D,

4.000%,

7/15/40

7/25

at

100.00

14,715,588

3,190

Hillsborough

City

School

District,

San

Mateo

County,

California,

General

Obligation

Bonds,

Series

2006B,

0.000%,

9/01/27

No

Opt.

Call

2,856,120

5,000

Huntington

Beach

Union

High

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Series

2005,

0.000%,

8/01/31

-

NPFG

Insured

No

Opt.

Call

3,927,968

2,500

Huntington

Beach

Union

High

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Series

2007,

0.000%,

8/01/32

-

FGIC

Insured

No

Opt.

Call

1,894,252

10,000

(c)

Irvine

Facilities

Financing

Authority,

California,

Special

Tax

Revenue

Bonds,

Great

Park

Infrastructure

Project

Series

2023A,

4.000%,

9/01/58

-

BAM

Insured,

(UB)

9/33

at

100.00

9,757,741

225

(h)

Long

Beach

Bond

Finance

Authority,

California,

Natural

Gas

Purchase

Revenue

Bonds,

Series

2007B,

5.181%,

11/15/27

(TSFR3M*0.67%

reference

rate

+

1.450%

spread)

No

Opt.

Call

226,044

12,000

(c)

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Senior

Lien

Series

2015D,

5.000%,

5/15/41,

(AMT),

(UB)

5/25

at

100.00

12,052,822

2,155

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Senior

Series

2022H,

5.000%,

5/15/42,

(AMT)

11/31

at

100.00

2,273,621

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Subordinate

Lien

Series

2021D

:

4,930

4.000%,

5/15/46,

(AMT)

11/31

at

100.00

4,634,928

70

(e)

4.000%,

5/15/46,

(Pre-refunded

11/15/31),

(AMT)

11/31

at

100.00

72,264

2,000

(e)

Martinez

Unified

School

District,

Contra

Costa

County,

California,

General

Obligation

Bonds,

Series

2011,

5.875%,

8/01/31,

(Pre-refunded

8/01/24)

8/24

at

100.00

2,010,660

1,000

(e)

Mendocino-Lake

Community

College

District,

Mendocino

and

Lake

Counties,

California,

General

Obligation

Bonds,

Election

2006,

Series

2011B,

5.600%,

8/01/31,

(Pre-refunded

8/01/26)

-

AGM

Insured

8/26

at

100.00

1,054,006

10,000

Milpitas

Municipal

Financing

Authority,

California,

Wastewater

Revenue

Bonds,

Series

2019,

4.000%,

11/01/49

11/29

at

100.00

9,957,589

2,335

(d)

Morongo

Band

of

Mission

Indians,

California,

Enterprise

Revenue

Bonds,

Series

2018A,

5.000%,

10/01/42

10/28

at

100.00

2,340,394

Mount

San

Antonio

Community

College

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Election

of

2008,

Series

2013A

:

1,030

5.875%,

8/01/28

2/28

at

100.00

1,143,073

69

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

2,320

(i)

0.000%,

8/01/43

8/35

at

100.00

$

2,222,994

5,420

M-S-R

Energy

Authority,

California,

Gas

Revenue

Bonds,

Citigroup

Prepay

Contracts,

Series

2009B,

6.500%,

11/01/39

No

Opt.

Call

6,767,021

M-S-R

Energy

Authority,

California,

Gas

Revenue

Bonds,

Citigroup

Prepay

Contracts,

Series

2009C

:

2,700

7.000%,

11/01/34

No

Opt.

Call

3,321,385

2,200

6.500%,

11/01/39

No

Opt.

Call

2,746,761

North

Orange

County

Community

College

District,

California,

General

Obligation

Bonds,

Election

of

2002

Series

2003B

:

7,735

0.000%,

8/01/25

-

FGIC

Insured

No

Opt.

Call

7,393,736

4,180

0.000%,

8/01/26

-

FGIC

Insured

No

Opt.

Call

3,863,370

10,885

Norwalk

La

Mirada

Unified

School

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Election

2002

Series

2005B,

0.000%,

8/01/25

-

FGIC

Insured

No

Opt.

Call

10,411,134

7,750

Oxnard

Union

High

School

District,

Ventura

County,

California,

General

Obligation

Bonds,

Election

2018

Series

2022C,

4.000%,

8/01/47

8/30

at

100.00

7,752,550

6,000

Palomar

Pomerado

Health,

California,

General

Obligation

Bonds,

Capital

Appreciation,

Election

of

2004,

Series

2007A,

0.000%,

8/01/24

-

NPFG

Insured

No

Opt.

Call

5,935,088

12,210

Palomar

Pomerado

Health,

California,

General

Obligation

Bonds,

Convertible

Capital

Appreciation,

Election

2004

Series

2010A,

6.750%,

8/01/40

8/30

at

100.00

13,797,488

5,000

Palomar

Pomerado

Health,

California,

General

Obligation

Bonds,

Series

2009A,

7.000%,

8/01/38

-

AGC

Insured

8/29

at

100.00

5,685,471

3,200

Redlands

Unified

School

District,

San

Bernardino

County,

California,

General

Obligation

Bonds,

Series

2003,

0.000%,

7/01/27

-

AGM

Insured

No

Opt.

Call

2,837,418

2,755

Sacramento

City

Unified

School

District,

Sacramento

County,

California,

General

Obligation

Bonds,

Series

2007,

0.000%,

7/01/25

-

AGM

Insured

No

Opt.

Call

2,647,422

22,345

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

International

Senior

Series

2023B,

5.250%,

7/01/58,

(AMT)

7/33

at

100.00

23,432,533

6,500

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

Senior

Series

2023A,

5.000%,

7/01/58

7/33

at

100.00

6,962,065

2,750

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

Subordinate

Series

2017A,

5.000%,

7/01/47,

(AMT)

7/27

at

100.00

2,767,084

2,360

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

Subordinate

Series

2021B,

5.000%,

7/01/51,

(AMT)

7/31

at

100.00

2,416,556

6,650

San

Francisco

Airports

Commission,

California,

Revenue

Bonds,

San

Francisco

International

Airport,

Refunding

Second

Series

2019A,

5.000%,

5/01/44,

(AMT)

5/29

at

100.00

6,832,505

9,000

San

Francisco

Airports

Commission,

California,

Revenue

Bonds,

San

Francisco

International

Airport,

Second

Series

2014A,

5.000%,

5/01/44,

(AMT)

5/24

at

100.00

9,001,584

San

Francisco

Airports

Commission,

California,

Revenue

Bonds,

San

Francisco

International

Airport,

Second

Series

2018D

:

25,670

5.000%,

5/01/43,

(AMT)

5/28

at

100.00

26,151,631

33,485

(c)

5.000%,

5/01/48,

(AMT),

(UB)

5/28

at

100.00

33,822,304

5,000

San

Joaquin

Hills

Transportation

Corridor

Agency,

Orange

County,

California,

Refunding

Senior

Lien

Toll

Road

Revenue

Bonds,

Series

2021A,

4.000%,

1/15/50

1/32

at

100.00

4,692,703

2,700

San

Joaquin

Hills

Transportation

Corridor

Agency,

Orange

County,

California,

Toll

Road

Revenue

Bonds,

Refunding

Junior

Lien

Series

2014B,

5.250%,

1/15/44

1/25

at

100.00

2,717,903

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

70

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

San

Joaquin

Hills

Transportation

Corridor

Agency,

Orange

County,

California,

Toll

Road

Revenue

Bonds,

Refunding

Senior

Lien

Series

2014A

:

$

6,630

(e)

5.000%,

1/15/44,

(Pre-refunded

1/15/25)

1/25

at

100.00

$

6,703,330

3,160

(e)

5.000%,

1/15/50,

(Pre-refunded

1/15/25)

1/25

at

100.00

3,194,951

5,760

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Refunding

Series

2015,

0.000%,

8/01/45

8/25

at

34.92

1,966,195

Silicon

Valley

Tobacco

Securitization

Authority,

California,

Tobacco

Settlement

Asset-Backed

Bonds,

Santa

Clara

County

Tobacco

Securitization

Corporation,

Series

2007A

:

7,500

0.000%,

6/01/36

5/24

at

51.39

3,882,523

37,555

0.000%,

6/01/47

5/24

at

27.45

9,857,545

1,800

Walnut

Valley

Unified

School

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Election

2000

Series

2003D,

0.000%,

8/01/27

-

FGIC

Insured

No

Opt.

Call

1,608,089

4,005

Wiseburn

School

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Series

2011B,

7.300%,

8/01/36

-

AGM

Insured

8/31

at

100.00

4,401,489

Total

California

543,693,466

Colorado

-

8.1%

(5.0%

of

Total

Investments)

1,000

Aerotropolis

Regional

Transportation

Authority,

Colorado,

Special

Revenue

Bonds,

Series

2019,

5.000%,

12/01/51

12/24

at

102.00

926,171

1,101

Base

Village

Metropolitan

District

2,

Colorado,

General

Obligation

Bonds,

Refunding

Series

2016A,

5.500%,

12/01/36

5/24

at

101.00

1,103,721

Canyons

Metropolitan

District

5,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017A

:

775

6.000%,

12/01/37

5/24

at

102.00

765,098

2,320

6.125%,

12/01/47

5/24

at

102.00

2,291,278

685

Canyons

Metropolitan

District

6,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017A,

6.125%,

12/01/47

5/24

at

102.00

670,721

Centerra

Metropolitan

District

1,

Loveland,

Colorado,

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017

:

770

(d)

5.000%,

12/01/37

5/24

at

102.00

739,204

2,210

(d)

5.000%,

12/01/47

5/24

at

102.00

1,985,457

859

Cherry

Creek

Corporate

Center

Metropolitan

District,

Arapahoe

County,

Colorado,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2015A,

5.000%,

6/01/37

12/25

at

100.00

835,049

2,820

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-1,

4.000%,

8/01/38

8/29

at

100.00

2,723,815

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-2

:

5,500

5.000%,

8/01/34

8/29

at

100.00

5,897,785

1,105

5.000%,

8/01/37

8/29

at

100.00

1,164,749

1,105

5.000%,

8/01/38

8/29

at

100.00

1,157,161

5,035

5.000%,

8/01/39

8/29

at

100.00

5,258,457

28,345

5.000%,

8/01/44

8/29

at

100.00

29,140,534

820

4.000%,

8/01/49

8/29

at

100.00

745,850

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2022A

:

5,000

5.500%,

11/01/47

11/32

at

100.00

5,448,466

8,300

(c)

5.250%,

11/01/52,

(UB)

11/32

at

100.00

8,764,027

2,100

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Craig

Hospital

Project,

Series

2012,

4.000%,

12/01/42

5/24

at

100.00

1,962,021

71

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

3,655

(e)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Evangelical

Lutheran

Good

Samaritan

Society

Project,

Series

2013A,

5.000%,

6/01/45,

(Pre-refunded

6/01/25)

6/25

at

100.00

$

3,704,515

2,105

Colorado

International

Center

Metropolitan

District

14,

Denver,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2018,

5.875%,

12/01/46

5/24

at

103.00

2,071,320

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Subordinate

Lien

Series

2018A

:

5,860

4.000%,

12/01/43,

(AMT)

12/28

at

100.00

5,501,456

35,500

(c)

5.250%,

12/01/43,

(AMT),

(UB)

12/28

at

100.00

36,645,988

10,695

(c)

5.000%,

12/01/48,

(AMT),

(UB)

12/28

at

100.00

10,816,439

13,965

(c)

5.250%,

12/01/48,

(AMT),

(UB)

12/28

at

100.00

14,294,721

Denver

Urban

Renewal

Authority,

Colorado,

Tax

Increment

Revenue

Bonds,

9th

and

Colorado

Urban

Redevelopement

Area,

Series

2018A

:

1,205

(d)

5.250%,

12/01/39

5/24

at

103.00

1,212,111

350

(d)

5.250%,

12/01/39

5/24

at

103.00

352,065

10,000

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Capital

Appreciation

Series

2010A,

0.000%,

9/01/41

No

Opt.

Call

4,625,744

8,845

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Series

1997B,

0.000%,

9/01/26

-

NPFG

Insured

No

Opt.

Call

8,102,619

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Series

2000B

:

7,550

0.000%,

9/01/29

-

NPFG

Insured

No

Opt.

Call

6,246,535

11,100

0.000%,

9/01/31

-

NPFG

Insured

No

Opt.

Call

8,510,617

10,000

0.000%,

9/01/32

-

NPFG

Insured

No

Opt.

Call

7,360,155

4,000

E-470

Public

Highway

Authority,

Colorado,

Toll

Revenue

Bonds,

Refunding

Series

2006B,

0.000%,

9/01/39

-

NPFG

Insured

9/26

at

52.09

1,878,490

Foothills

Metropolitan

District,

Fort

Collins,

Colorado,

Special

Revenue

Bonds,

Series

2014

:

1,125

5.750%,

12/01/30

12/24

at

100.00

1,109,338

1,000

6.000%,

12/01/38

12/24

at

100.00

945,018

825

North

Range

Metropolitan

District

2,

Adams

County,

Colorado

,

Limited

Tax

General

Obligation

Bonds,

Refunding

Special

Revenue

&

Improvement

Series

2017A,

5.750%,

12/01/47

5/24

at

102.00

812,884

4,945

Overlook

Park

Metropolitan

District,

Routt

County,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Senior

Series

2023A,

7.250%,

12/01/53

6/28

at

103.00

4,941,907

4,310

Painted

Prairie

Public

Improvement

Authority,

Aurora,

Colorado,

Special

Revenue

Bonds,

Series

2019,

5.000%,

12/01/39

12/24

at

103.00

4,029,888

490

(e)

Parker

Automotive

Metropolitan

District

(In

the

Town

of

Parker,

Colorado),

General

Obligation

Bonds,

Refunding

Series

2016,

5.000%,

12/01/45,

(Pre-refunded

12/01/26)

12/26

at

100.00

506,116

Public

Authority

for

Colorado

Energy,

Natural

Gas

Purchase

Revenue

Bonds,  Colorado

Springs

Utilities,

Series

2008

:

475

6.250%,

11/15/28

No

Opt.

Call

500,043

4,060

6.500%,

11/15/38

No

Opt.

Call

4,903,463

934

Reserve

Metropolitan

District

2,

Mount

Crested

Butte,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

Series

2016A,

5.000%,

12/01/45

12/26

at

100.00

863,043

55

Water

Valley

Metropolitan

District

1,

Colorado,

General

Obligation

Bonds,

Refunding

Series

2016,

5.250%,

12/01/40

12/26

at

100.00

54,221

105

Water

Valley

Metropolitan

District

2,

Windsor,

Colorado,

General

Obligation

Bonds,

Refunding

Series

2016,

5.250%,

12/01/40

12/26

at

100.00

101,502

West

Meadow

Metropolitan

District,

Town

of

Fraser,

Grand

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Senior

Series

2023A

:

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

72

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

1,000

(d)

6.000%,

12/01/38

12/28

at

103.00

$

1,023,020

1,000

(d)

6.500%,

12/01/50

12/28

at

103.00

1,027,357

7,320

Windy

Gap

Firming

Project

Water

Activity

Enterprise,

Colorado,

Senior

Revenue

Bonds,

Series

2021,

5.000%,

7/15/51

7/31

at

100.00

7,719,056

Total

Colorado

211,439,195

Connecticut

-

0.2%

(0.1%

of

Total

Investments)

6,345

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Fairfield

University,

Series

2022U,

4.000%,

7/01/52

7/32

at

100.00

5,768,559

Total

Connecticut

5,768,559

District

of

Columbia

-

0.4%

(0.2%

of

Total

Investments)

5,000

District

of

Columbia,

Income

Tax

Secured

Revenue

Bonds,

Series

2019A,

4.000%,

3/01/39

9/29

at

100.00

5,046,698

10,000

Metropolitan

Washington

Airports

Authority,

District

of

Columbia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

improvement

Projects,

Second

Senior

Lien

Series

2009B,

0.000%,

10/01/37

-

AGC

Insured

No

Opt.

Call

5,444,202

Total

District

of

Columbia

10,490,900

Florida

-

7.8%

(4.8%

of

Total

Investments)

Bay

County,

Florida,

Educational

Facilities

Revenue

Refunding

Bonds,

Bay

Haven

Charter

Academy,

Inc.

Project,

Series

2013A

:

1,005

5.000%,

9/01/43

5/24

at

100.00

1,005,194

865

5.000%,

9/01/45

5/24

at

100.00

865,127

615

Belmont

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2016A,

5.375%,

11/01/36

11/27

at

100.00

624,936

665

Bexley

Community

Development

District,

Pasco

County,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2016,

4.700%,

5/01/36

5/26

at

100.00

659,141

870

Bonterra

Community

Development

District,

Hialeah,

Florida,

Special

Assessment

Bonds,

Assessment

Area

2

Project,

Series

2016,

4.500%,

5/01/34

5/27

at

100.00

859,778

Brevard

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Health

First

Obligated

Group,

Series

2022A

:

3,315

5.000%,

4/01/41

4/32

at

100.00

3,516,449

3,000

5.000%,

4/01/47

4/32

at

100.00

3,114,993

4,390

Capital

Trust

Agency,

Florida,

Multifamily

Housing

Revenue

Bonds,

The

Gardens

Apartments

Project,

Series

2015A,

5.000%,

7/01/50

7/25

at

100.00

2,906,049

325

(d)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Renaissance

Charter

School

Project,

Series

2019A,

5.000%,

6/15/39

6/26

at

100.00

311,663

150

(d)

Charlotte

County

Industrial

Development

Authority,

Florida,

Utility

System

Revenue

Bonds,

Town

&

Country

Utilities

Project,

Series

2019,

5.000%,

10/01/49,

(AMT)

10/27

at

100.00

147,828

Creekside

at

Twin

Creeks

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Area

1

Project,

Series

2016A-1

:

120

5.250%,

11/01/37

11/28

at

100.00

121,881

155

5.600%,

11/01/46

11/28

at

100.00

157,158

Downtown

Doral

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Series

2015

:

555

5.250%,

5/01/35

5/26

at

100.00

559,903

615

5.300%,

5/01/36

5/26

at

100.00

620,789

955

5.500%,

5/01/45

5/26

at

100.00

960,121

1,305

5.500%,

5/01/46

5/26

at

100.00

1,311,149

Escambia

County

Health

Facilities

Authority,

Florida,

Health

Care

Facilities

Revenue

Bonds,

Baptist

Health

Care

Corporation

Obligated,

Series

2020A

:

73

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

12,505

4.000%,

8/15/45

2/30

at

100.00

$

11,061,375

6,515

4.000%,

8/15/50

2/30

at

100.00

5,583,233

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Downtown

Doral

Charter

Upper

School

Project,

Series

2017C

:

1,115

(d)

5.650%,

7/01/37

7/27

at

101.00

1,135,986

3,385

(d)

5.750%,

7/01/47

7/27

at

101.00

3,388,413

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Florida

Charter

Foundation

Inc.

Projects,

Series

2016A

:

1,420

(d)

4.750%,

7/15/36

7/26

at

100.00

1,375,157

1,465

(d)

5.000%,

7/15/46

7/26

at

100.00

1,357,471

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Pepin

Academies

Inc.,

Series

2016A

:

1,000

5.000%,

7/01/36

7/26

at

100.00

975,031

6,785

5.125%,

7/01/46

7/26

at

100.00

6,092,485

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School

Income

Projects,

Series

2015A

:

900

(d)

6.000%,

6/15/35

6/25

at

100.00

909,913

560

(d)

6.125%,

6/15/46

6/25

at

100.00

563,135

120

(d)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School,

Inc.

Projects,

Series

2020C,

5.000%,

9/15/40

9/27

at

100.00

111,368

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

The

Florida

Charter

Educational

Foundation

Inc.

Projects,

Series

2016A

:

1,015

(d)

6.250%,

6/15/36

6/26

at

100.00

1,038,098

2,475

(d)

6.375%,

6/15/46

6/26

at

100.00

2,509,681

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024

:

10,900

5.250%,

7/01/47

-

AGM

Insured,

(AMT),

(WI/DD)

7/32

at

100.00

11,494,353

4,120

5.250%,

7/01/47,

(AMT),

(WI/DD)

7/32

at

100.00

4,245,235

11,375

5.250%,

7/01/53

-

AGM

Insured,

(AMT),

(WI/DD)

7/32

at

100.00

11,862,080

7,500

5.500%,

7/01/53,

(AMT),

(WI/DD)

7/32

at

100.00

7,777,081

24,195

(d)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2023C,

8.250%,

7/01/57,

(AMT),

(Mandatory

Put

8/15/24)

4/24

at

100.00

24,242,180

3,380

Fort

Myers,

Florida,

Utility

System

Revenue

Bonds,

Refunding

Series

2019A,

4.000%,

10/01/49

10/28

at

100.00

3,177,090

320

Grand

Bay

at

Doral

Community

Development

District,

Miami-Dade

County,

Florida,

Special

Assessment

Bonds,

South

Parcel

Assessment

Area

Project,

Series

2016,

4.750%,

5/01/36

5/26

at

100.00

319,494

Greater

Orlando

Aviation

Authority,

Florida,

Airport

Facilities

Revenue

Bonds,

Series

2019A

:

5,000

4.000%,

10/01/39,

(AMT)

10/29

at

100.00

4,916,036

4,230

4.000%,

10/01/49,

(AMT)

10/29

at

100.00

3,922,442

4,500

Greater

Orlando

Aviation

Authority,

Florida,

Orlando

Airport

Facilities

Revenue

Bonds,

Priority

Subordinated

Series

2017A,

5.000%,

10/01/42,

(AMT)

10/27

at

100.00

4,581,421

6,845

Hillsborough

County

Aviation

Authority,

Florida,

Revenue

Bonds,

Tampa

International

Airport,

Alternative

Minimum

Tax

Refunding

Subordinate

Lien

Series

2022A,

4.000%,

10/01/52,

(AMT)

10/31

at

100.00

6,214,812

12,410

Hillsborough

County

Aviation

Authority,

Florida,

Revenue

Bonds,

Tampa

International

Airport,

Series

2018E,

5.000%,

10/01/48,

(AMT)

10/28

at

100.00

12,595,629

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

74

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

1,750

(e)

Hillsborough

County

Aviation

Authority,

Florida,

Revenue

Bonds,

Tampa

International

Airport,

Subordinate

Lien

Series

2015B,

5.000%,

10/01/40,

(Pre-refunded

10/01/24),

(AMT)

10/24

at

100.00

$

1,755,531

7,665

Miami-Dade

County,

Florida,

Aviation

Revenue

Bonds,

Refunding

Series

2019A,

5.000%,

10/01/49,

(AMT)

10/29

at

100.00

7,747,205

2,140

Northern

Palm

Beach

County

Improvement

District,

Florida,

Water

Control

and

Improvement

Bonds,

Development

Unit

53,

Series

2015,

5.350%,

8/01/35

8/26

at

100.00

2,174,548

6,495

Orange

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Orlando

Health

Obligated

Group,

Inc.,

Series

2022,

4.000%,

10/01/52

4/32

at

100.00

6,005,488

7,500

Orange

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Orlando

Health,

Inc.,

Series

2019A,

5.000%,

10/01/47

4/29

at

100.00

7,670,285

500

Palm

Beach

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Jupiter

Medical

Center,

Series

2022,

5.000%,

11/01/52

11/32

at

100.00

493,824

Palm

Beach

County,

Florida,

Revenue

Bonds,

Provident

Group

-

PBAU

Properties

LLC

-

Palm

Beach

Atlantic

University

Housing

Project,

Series

2019A

:

1,950

(d)

5.000%,

4/01/39

4/29

at

100.00

1,958,341

5,225

(d)

5.000%,

4/01/51

4/29

at

100.00

5,008,586

545

Reunion

West

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Area

3

Project,

Series

2016,

5.000%,

11/01/46

11/26

at

100.00

541,971

Six

Mile

Creek

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

2,

Series

2016

:

110

4.750%,

11/01/28

11/27

at

100.00

111,220

265

5.375%,

11/01/36

11/27

at

100.00

269,426

10,075

South

Broward

Hospital

District,

Florida,

Hospital

Revenue

Bonds,

South

Broward

Hospital

District

Obligated

Group,

Refunding

Series

2016A,

4.000%,

5/01/44

5/26

at

100.00

9,500,907

South

Village

Community

Development

District,

Clay

County,

Florida,

Capital

Improvement

Revenue

Bonds,

Refunding

Series

2016A2

:

85

4.350%,

5/01/26

No

Opt.

Call

85,049

100

4.875%,

5/01/35

5/26

at

100.00

100,353

1,350

Sumter

County

Industrial

Development

Authority,

Florida,

Hospital

Revenue

Bonds,

Central

Florida

Health

Alliance

Projects,

Series

2014A,

5.125%,

7/01/34

5/24

at

100.00

1,351,238

Tallahassee,

Florida,

Health

Facilities

Revenue

Bonds,

Tallahassee

Memorial

HealthCare

Inc.

Project,

Refunding

Series

2015A

:

1,000

5.000%,

12/01/40

6/25

at

100.00

1,000,382

7,780

(c)

5.000%,

12/01/44,

(UB)

6/25

at

100.00

7,591,691

2,600

(c)

Tallahassee,

Florida,

Health

Facilities

Revenue

Bonds,

Tallahassee

Memorial

HealthCare

Inc.

Project,

Series

2016A,

5.000%,

12/01/55,

(UB)

12/25

at

100.00

2,457,192

395

Tolomato

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Refunding

Series

2015-2,

6.610%,

5/01/40

5/24

at

100.00

382,905

430

(f)

Tolomato

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Refunding

Series

2015-3,

6.610%,

5/01/40

5/24

at

100.00

4

300

Union

Park

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2016A-1,

5.375%,

11/01/37

11/27

at

100.00

304,625

Total

Florida

205,702,129

75

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Georgia

-

2.6%

(1.6%

of

Total

Investments)

$

285

(f)

Atlanta

Development

Authority,

Georgia,

Senior

Health

Care

Facilities

Revenue

Bonds,

Georgia

Proton

Treatment

Center

Project,

Current

Interest

Series

2017A-1,

6.500%,

1/01/29

1/28

at

100.00

$

128,250

1,205

Atlanta

Urban

Residential

Finance

Authority,

Georgia,

Multifamily

Housing

Revenue

Bonds,

Testletree

Village

Apartments,

Series

2013A,

4.500%,

11/01/35

5/24

at

100.00

952,687

2,030

Atlanta,

Georgia,

General

Obligation

Bonds,

Public

Improvement

Social

Series

2022A-1,

5.000%,

12/01/41

12/32

at

100.00

2,246,295

725

Atlanta,

Georgia,

Tax

Allocation

Bonds,

Perry

Bolton

Project

Series

2014,

5.000%,

7/01/41

5/24

at

100.00

725,231

Bainbridge,

Georgia,

Combined

Utilities

Revenue

Bonds,

Series

2021

:

2,875

4.000%,

12/01/46

-

BAM

Insured

12/31

at

100.00

2,647,870

5,000

4.000%,

12/01/51

-

BAM

Insured

12/31

at

100.00

4,568,330

4,245

Brookhaven

Development

Authority,

Georgia,

Revenue

Bonds,

Children's

Healthcare

of

Atlanta,

Inc.

Project,

Series

2019A,

4.000%,

7/01/49

7/29

at

100.00

4,002,177

1,250

Burke

County

Development

Authority,

Georgia,

Pollution

Control

Revenue

Bonds,

Oglethorpe

Power

Corporation

Vogtle

Project,

Series

2017C,

4.125%,

11/01/45

2/28

at

100.00

1,114,893

1,250

Burke

County

Development

Authority,

Georgia,

Pollution

Control

Revenue

Bonds,

Oglethorpe

Power

Corporation

Vogtle

Project,

Series

2017D,

4.125%,

11/01/45

2/28

at

100.00

1,114,893

1,925

(c)

Carroll

City-County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

Tanner

Medical

Center

Inc.

Project,

Series

2020,

4.000%,

7/01/50

7/30

at

100.00

1,813,102

5

Cherokee

County

Water

and

Sewerage

Authority,

Georgia,

Revenue

Bonds,

Series

2001,

5.000%,

8/01/35

-

AGM

Insured

5/24

at

100.00

5,005

2,460

Cobb-Marietta

Coliseum

and

Exhibit

Hall

Authority,

Georgia,

Revenue

Bonds,

Refunding

Series

1993,

5.625%,

10/01/26

-

NPFG

Insured

No

Opt.

Call

2,519,562

8,200

Columbia

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

WellStar

Health

System,

Inc.

Project,

Series

2023B,

5.125%,

4/01/53

4/33

at

100.00

8,553,728

1,760

Crisp

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

Crisp

County

Hospital

Project,

Series

2021,

4.000%,

7/01/46

7/31

at

100.00

1,609,455

1,000

Dalton,

Georgia,

Combined

Utilities

Revenue

Bonds,

Series

2020,

4.000%,

3/01/40

3/30

at

100.00

950,411

3,485

Fulton

County

Development

Authority,

Georgia,

Revenue

Bonds,

Piedmont

Healthcare,

Inc.

Project,

Series

2014A,

5.000%,

7/01/44

7/24

at

100.00

3,484,625

2,500

Fulton

County

Development

Authority,

Georgia,

Revenue

Bonds,

Piedmont

Healthcare,

Inc.

Project,

Series

2019A,

4.000%,

7/01/49

-

BAM

Insured

7/29

at

100.00

2,364,295

3,000

(e)

Gainesville

and

Hall

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

Northeast

Georgia

Health

Services

Inc.,

Series

2014A,

5.500%,

8/15/54,

(Pre-refunded

2/15/25)

2/25

at

100.00

3,045,899

3,020

Georgia

Local

Governments,

Certificates

of

Participation,

Georgia

Municipal

Association,

Series

1998A,

4.750%,

6/01/28

-

NPFG

Insured

No

Opt.

Call

3,059,808

Georgia

Ports

Authority,

Revenue

Bonds,

Series

2021

:

4,500

4.000%,

7/01/46

7/31

at

100.00

4,416,672

3,000

4.000%,

7/01/51

7/31

at

100.00

2,878,540

840

(d)

Macon-Bibb

County

Urban

Development

Authority,

Georgia,

Revenue

Bonds,

Academy

for

Classical

Education,

Series

2017,

5.875%,

6/15/47

6/27

at

100.00

854,627

260

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Project

Revenue

Bonds,

Series

2007A,

5.500%,

9/15/26

No

Opt.

Call

265,122

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

76

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Georgia

(continued)

$

1,070

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2019A,

5.000%,

5/15/43

5/29

at

100.00

$

1,078,879

3,000

(d)

Marietta

Development

Authority,

Georgia,

University

Facilities

Revenue

Bonds,

Life

University,

Inc.

Project,

Refunding

Series

2017A,

5.000%,

11/01/47

11/27

at

100.00

2,737,163

3,325

Monroe,

Georgia,

Combined

Utilities

Revenue

Bonds,

Series

2020,

4.000%,

12/01/45

-

AGM

Insured

12/30

at

100.00

3,218,602

3,700

Municipal

Electric

Authority

of

Georgia,

Plant

Vogtle

Units

3

&

4

Project

J

Bonds,

Series

2015A,

5.500%,

7/01/60

7/25

at

100.00

3,708,679

3,000

Private

Colleges

and

Universities

Authority,

Georgia,

Revenue

Bonds,

Emory

University,

Refunding

Series

2013A,

5.000%,

10/01/43

5/24

at

100.00

2,955,162

Total

Georgia

67,019,962

Guam

-

0.1%

(0.0%

of

Total

Investments)

1,805

Government

of

Guam,

Business

Privilege

Tax

Bonds,

Refunding

Series

2015D,

5.000%,

11/15/39

11/25

at

100.00

1,812,945

Total

Guam

1,812,945

Hawaii

-

0.1%

(0.1%

of

Total

Investments)

1,175

(d)

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaii

Pacific

University,

Series

2013A,

6.625%,

7/01/33

5/24

at

100.00

1,176,226

2,320

Hawaii

State,

Airport

System

Revenue

Bonds,

Series

2015A,

5.000%,

7/01/41,

(AMT)

7/25

at

100.00

2,331,344

Total

Hawaii

3,507,570

Idaho

-

0.1%

(0.0%

of

Total

Investments)

1,175

Idaho

Health

Facilities

Authority,

Revenue

Bonds,

Madison

Memorial

Hospital

Project,

Refunding

Series

2016,

5.000%,

9/01/37

9/26

at

100.00

1,164,192

595

Idaho

Water

Resource

Board,

Water

Resource

Loan

Program

Revenue,

Ground

Water

Rights

Mitigation

Series

2012A,

5.000%,

9/01/32

5/24

at

100.00

595,048

Total

Idaho

1,759,240

Illinois

-

22.4%

(13.8%

of

Total

Investments)

55,000

Chicago

Board

of

Education,

Illinois,

Dedicated

Capital

Improvement

Tax

Revenue

Bonds,

Series

2016,

6.000%,

4/01/46

4/27

at

100.00

57,226,851

2,255

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Project

Series

2015C,

5.250%,

12/01/35

12/24

at

100.00

2,254,896

15,500

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Refunding

Series

2012B,

5.000%,

12/01/33

5/24

at

100.00

15,464,339

8,400

(d)

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Refunding

Series

2017B,

7.000%,

12/01/42

12/27

at

100.00

9,101,360

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2016A

:

1,800

7.000%,

12/01/26

12/25

at

100.00

1,878,739

51,780

7.000%,

12/01/44

12/25

at

100.00

53,603,008

1,335

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2016B,

6.500%,

12/01/46

12/26

at

100.00

1,387,148

6,210

(d)

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2017A,

7.000%,

12/01/46

12/27

at

100.00

6,688,282

450

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Series

1999A,

0.000%,

12/01/26

-

NPFG

Insured

No

Opt.

Call

403,163

Chicago

Board

of

Education,

Illinois,

Unlimited

Tax

General

Obligation

Bonds,

Dedicated

Tax

Revenues,

Series

1998B-1

:

77

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

$

1,715

0.000%,

12/01/26

-

NPFG

Insured

No

Opt.

Call

$

1,536,500

1,000

0.000%,

12/01/27

-

NPFG

Insured

No

Opt.

Call

858,385

1,765

0.000%,

12/01/30

-

NPFG

Insured

No

Opt.

Call

1,326,598

Chicago

Board

of

Education,

Illinois,

Unlimited

Tax

General

Obligation

Bonds,

Dedicated

Tax

Revenues,

Series

1999A

:

2,585

0.000%,

12/01/27

-

NPFG

Insured

No

Opt.

Call

2,218,926

8,565

0.000%,

12/01/31

-

NPFG

Insured

No

Opt.

Call

6,140,676

20,155

(c)

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Second

Lien

Series

2017,

5.000%,

12/01/51,

(UB)

12/26

at

100.00

20,229,493

2,430

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Second

Lien

Series

2020A,

5.000%,

12/01/45

12/29

at

100.00

2,490,348

6,000

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Second

Lien

Series

2022A,

5.000%,

12/01/57

12/31

at

100.00

6,124,016

Chicago,

Illinois,

General

Obligation

Bonds,

City

Colleges,

Series

1999

:

25,755

0.000%,

1/01/29

-

NPFG

Insured

No

Opt.

Call

21,251,684

8,765

0.000%,

1/01/34

-

FGIC

Insured

No

Opt.

Call

5,764,984

17,310

0.000%,

1/01/37

-

FGIC

Insured

No

Opt.

Call

9,634,997

Chicago,

Illinois,

General

Obligation

Bonds,

Neighborhoods

Alive

21

Program,

Series

2002B

:

670

5.500%,

1/01/31

1/25

at

100.00

675,401

1,000

5.500%,

1/01/33

1/25

at

100.00

1,007,935

13,205

Chicago,

Illinois,

General

Obligation

Bonds,

Project

&

Refunding

Series

2017A,

6.000%,

1/01/38

1/27

at

100.00

13,760,062

2,000

Chicago,

Illinois,

General

Obligation

Bonds,

Project

and

Refunding

Series

2005D,

5.500%,

1/01/40

1/25

at

100.00

2,006,028

Chicago,

Illinois,

General

Obligation

Bonds,

Refunding

Series

2007E

:

10,115

5.500%,

1/01/35

1/25

at

100.00

10,186,716

5,890

5.500%,

1/01/42

1/25

at

100.00

5,903,799

Chicago,

Illinois,

General

Obligation

Bonds,

Refunding

Series

2016C

:

350

5.000%,

1/01/29

1/26

at

100.00

355,061

765

5.000%,

1/01/35

1/26

at

100.00

770,794

1,610

Chicago,

Illinois,

General

Obligation

Bonds,

Series

1999,

0.000%,

1/01/30

No

Opt.

Call

1,281,997

Chicago,

Illinois,

General

Obligation

Bonds,

Series

2015A

:

1,000

5.500%,

1/01/35

1/25

at

100.00

1,007,090

9,800

5.500%,

1/01/39

1/25

at

100.00

9,834,039

10,125

(c)

Chicago,

Illinois,

General

Obligation

Bonds,

Series

2019A,

5.000%,

1/01/44,

(UB)

1/29

at

100.00

10,324,748

5,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A,

5.500%,

1/01/53

-

BAM

Insured

1/33

at

100.00

5,357,940

5,000

Chicago,

Illinois,

Wastewater

Transmission

Revenue

Bonds,

Second

Lien

Project,

Series

2023A,

5.500%,

1/01/62

-

AGM

Insured

7/33

at

100.00

5,413,759

12,190

Illinois

Finance

Authority

Revenue

Bonds,

OSF

Healthcare

System,

Refunding

Series

2018A,

4.125%,

5/15/47

11/28

at

100.00

11,429,567

800

(d)

Illinois

Finance

Authority,

Charter

School

Revenue

Bonds,

Intrinsic

Charter

Schools

Belmont

School

Project,

Series

2015A,

5.500%,

12/01/30

12/25

at

100.00

804,884

20,000

(c)

Illinois

Finance

Authority,

Revenue

Bonds,

Mercy

Health

Corporation,

Series

2016,

5.000%,

12/01/46,

(UB)

6/26

at

100.00

20,114,912

17,770

Illinois

Finance

Authority,

Revenue

Bonds,

Mercy

Health

Corporation,

Series

2016,

5.000%,

12/01/46

6/26

at

100.00

17,872,099

3,375

Illinois

Finance

Authority,

Revenue

Bonds,

Silver

Cross

Hospital

and

Medical

Centers,

Refunding

Series

2015C,

5.000%,

8/15/44

8/25

at

100.00

3,391,623

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

78

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

Illinois

Finance

Authority,

Revenue

Bonds,

University

of

Chicago,

Refunding

Series

2015A

:

$

2,700

(c),(e)

5.000%,

10/01/46,

(Pre-refunded

10/01/25),

(UB)

10/25

at

100.00

$

2,751,808

300

5.000%,

10/01/46,

(UB)

10/25

at

100.00

300,190

Illinois

State,

General

Obligation

Bonds,

April

Series

2014

:

6,165

5.000%,

4/01/38

5/24

at

100.00

6,169,172

5,000

5.000%,

4/01/39

5/24

at

100.00

5,003,010

Illinois

State,

General

Obligation

Bonds,

February

Series

2014

:

4,100

5.250%,

2/01/31

5/24

at

100.00

4,105,172

2,200

5.250%,

2/01/32

5/24

at

100.00

2,202,386

2,435

5.250%,

2/01/33

5/24

at

100.00

2,437,683

6,000

5.000%,

2/01/39

5/24

at

100.00

6,003,687

1,785

Illinois

State,

General

Obligation

Bonds,

May

Series

2020,

5.500%,

5/01/39

5/30

at

100.00

1,929,439

7,605

(c)

Illinois

State,

General

Obligation

Bonds,

May

Series

2023B,

5.500%,

5/01/47,

(UB)

5/32

at

100.00

8,131,265

Illinois

State,

General

Obligation

Bonds,

November

Series

2016

:

3,100

5.000%,

11/01/35

11/26

at

100.00

3,163,307

3,000

5.000%,

11/01/37

11/26

at

100.00

3,043,962

2,400

5.000%,

11/01/40

11/26

at

100.00

2,422,449

5,795

Illinois

State,

General

Obligation

Bonds,

November

Series

2017C,

5.000%,

11/01/29

11/27

at

100.00

6,050,807

3,800

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D,

5.000%,

11/01/27

No

Opt.

Call

3,975,897

5,000

Illinois

State,

General

Obligation

Bonds,

October

Series

2016,

5.000%,

2/01/27

No

Opt.

Call

5,172,586

5,350

Illinois

State,

General

Obligation

Bonds,

Refunding

April

Series

2019B,

5.125%,

9/01/26

No

Opt.

Call

5,520,508

5,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Senior

Lien

Series

2015A,

5.000%,

1/01/40

7/25

at

100.00

5,054,570

5,400

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2015B,

5.000%,

6/15/52

12/25

at

100.00

5,414,467

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2020A

:

10,000

4.000%,

6/15/50

12/29

at

100.00

8,882,045

13,000

5.000%,

6/15/50

12/29

at

100.00

13,266,291

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2015A

:

64,110

0.000%,

12/15/52

No

Opt.

Call

14,059,605

2,455

5.000%,

6/15/53

12/25

at

100.00

2,460,822

1,945

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017A,

5.000%,

6/15/57

12/27

at

100.00

1,967,825

8,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B,

0.000%,

12/15/56

-

AGM

Insured

No

Opt.

Call

1,531,714

45,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Capital

Appreciation

Refunding

Series

2010B-1,

0.000%,

6/15/43

-

AGM

Insured

No

Opt.

Call

18,749,020

2,680

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Refunding

Series

1998A,

5.500%,

6/15/29

-

NPFG

Insured

No

Opt.

Call

2,758,687

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Series

2002A

:

8,400

0.000%,

12/15/30

-

NPFG

Insured

No

Opt.

Call

6,557,391

79

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

$

7,940

0.000%,

6/15/33

-

NPFG

Insured

No

Opt.

Call

$

5,577,809

450

0.000%,

12/15/34

-

NPFG

Insured

No

Opt.

Call

296,678

12,500

0.000%,

6/15/35

-

NPFG

Insured

No

Opt.

Call

8,035,075

10,620

0.000%,

12/15/35

-

NPFG

Insured

No

Opt.

Call

6,656,804

11,505

0.000%,

12/15/36

-

NPFG

Insured

No

Opt.

Call

6,797,082

65,000

0.000%,

12/15/38

-

NPFG

Insured

No

Opt.

Call

34,111,603

38,040

0.000%,

6/15/40

-

NPFG

Insured

No

Opt.

Call

18,248,617

3,720

0.000%,

6/15/41

-

NPFG

Insured

No

Opt.

Call

1,688,290

4,755

Sales

Tax

Securitization

Corporation,

Illinois,

Sales

Tax

Securitzation

Bonds,

Series

2018A,

5.000%,

1/01/40

1/28

at

100.00

4,908,887

4,005

Southwestern

Illinois

Development

Authority,

Environmental

Improvement

Revenue

Bonds,

US

Steel

Corporation

Project,

Series

2012,

5.750%,

8/01/42,

(AMT)

5/24

at

100.00

4,005,541

Total

Illinois

586,494,998

Indiana

-

0.7%

(0.4%

of

Total

Investments)

2,705

Carmel

Redevelopment

Authority,

Indiana,

Lease

Rent

Revenue

Bonds,

Series

2005,

0.000%,

2/01/25

No

Opt.

Call

2,617,063

2,000

(d)

Gary

Local

Public

Improvement

Bond

Bank,

Indiana,

Economic

Development

Revenue

Bonds,

Drexel

Foundation

for

Educational

Excellence

Project,

Refunding

Series

2020A,

5.875%,

6/01/55

6/30

at

100.00

1,819,120

1,230

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2012,

5.750%,

8/01/42,

(AMT)

5/24

at

100.00

1,230,166

10,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Series

1999E,

0.000%,

2/01/26

-

AMBAC

Insured

No

Opt.

Call

9,332,872

1,000

Merrillville,

Indiana,

Economic

Development

Revenue

Bonds,

Belvedere

Housing

Project,

Series

2016,

5.750%,

4/01/36

5/24

at

102.00

886,709

1,250

Shoals,

Indiana,

Exempt

Facilities

Revenue

Bonds,

National

Gypsum

Company

Project,  Series

2013,

7.250%,

11/01/43,

(AMT)

5/24

at

100.00

1,252,083

Total

Indiana

17,138,013

Iowa

-

1.1%

(0.7%

of

Total

Investments)

5,750

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Alcoa

Inc.

Project,

Series

2012,

4.750%,

8/01/42

5/24

at

100.00

5,619,206

21,525

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

5.000%,

12/01/50

12/29

at

103.00

22,423,333

Total

Iowa

28,042,539

Kansas

-

0.5%

(0.3%

of

Total

Investments)

2,085

Overland

Park

Development

Corporation,

Kansas,

Revenue

Bonds,

Convention

Center

Hotel,

Refunding

&

improvement

Series

2019,

5.000%,

3/01/44

3/29

at

100.00

1,995,713

3,565

(f)

Overland

Park,

Kansas,

Sales

Tax

Special

Obligation

Revenue

Bonds,

Prairiefire

at

Lionsgate

Project,

Series

2012,

6.000%,

12/15/32

5/24

at

100.00

1,426,000

10,000

University

of

Kansas

Hospital

Authority,

Health

Facilities

Revenue

Bonds,

University

of

Kansas

Health

System,

Series

2017A,

5.000%,

3/01/47

3/27

at

100.00

10,147,788

Total

Kansas

13,569,501

Kentucky

-

0.9%

(0.6%

of

Total

Investments)

Christian

County,

Kentucky,

Hospital

Revenue

Bonds,

Jennie

Stuart

Medical

Center,

Series

2016

:

5,000

5.375%,

2/01/36

2/26

at

100.00

5,083,924

435

5.500%,

2/01/44

2/26

at

100.00

437,674

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

80

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Kentucky

(continued)

$

2,355

Henderson,

Kentucky,

Facilities

Revenue

Bonds,

Pratt

Paper

LLC

Project,

Series

2022A,

4.700%,

1/01/52,

(AMT)

1/32

at

100.00

$

2,319,002

Kentucky

Economic

Development

Finance

Authority,

Kentucky,

Healthcare

Facilities

Revenue

Bonds,

Rosedale

Green

Project,

Refunding

Series

2015

:

500

5.750%,

11/15/45

11/25

at

100.00

438,516

2,250

5.750%,

11/15/50

11/25

at

100.00

1,929,645

Kentucky

Economic

Development

Finance

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-2

:

6,000

5.000%,

8/01/44

8/29

at

100.00

6,168,397

2,510

5.000%,

8/01/49

8/29

at

100.00

2,566,796

1,305

Kentucky

Economic

Development

Finance

Authority,

Revenue

Bonds,

Next

Generation

Kentucky

Information

Highway

Project,

Senior

Series

2015A,

5.000%,

7/01/40

7/25

at

100.00

1,306,604

Kentucky

Public

Transportation

Infrastructure

Authority,

Toll

Revenue

Bonds,

Downtown

Crossing

Project,

Convertible

Capital

Appreciation

First

Tier

Series

2013C

:

1,335

6.750%,

7/01/43

7/31

at

100.00

1,525,549

2,295

6.875%,

7/01/46

7/31

at

100.00

2,627,935

215

Warren

County,

Kentucky,

Hospital

Revenue

Bonds,

Bowling

Green-

Warren

County

Community

Hospital

Corporation,

Series

2012A,

4.000%,

10/01/29

5/24

at

100.00

215,093

Total

Kentucky

24,619,135

Louisiana

-

1.9%

(1.2%

of

Total

Investments)

500

(d)

Jefferson

Parish

Economic

Development

and

Port

District,

Louisiana,

Kenner

Discovery

Health

Sciences

Academy

Project,

Series

2018A,

5.625%,

6/15/48

6/28

at

100.00

490,584

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2017

:

5,000

5.000%,

5/15/42

5/27

at

100.00

5,079,403

3,730

5.000%,

5/15/46

5/27

at

100.00

3,775,977

18,730

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Series

2020A,

4.000%,

5/15/49

5/30

at

100.00

17,008,816

5,930

(d)

Louisiana

Public

Facilities

Authority,

Dock

and

Wharf

Revenue

Bonds,

Impala

Warehousing

(US)

LLC

Project,

Series

2013,

6.500%,

7/01/36,

(AMT)

5/24

at

100.00

5,931,209

10

(e)

Louisiana

Public

Facilities

Authority,

Hospital

Revenue

Bonds,

Franciscan

Missionaries

of

Our

Lady

Health

System,

Refunding

Series

2015A,

5.000%,

7/01/39,

(Pre-refunded

7/01/25)

7/25

at

100.00

10,170

1,755

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Lake

Charles

Charter

Academy

Foundation

Project,

Series

2011A,

7.750%,

12/15/31

5/24

at

100.00

1,758,804

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Loyola

University

Project,

Refunding

Series

2017

:

1,775

5.250%,

10/01/36

10/33

at

100.00

1,952,691

3,000

5.250%,

10/01/46

10/33

at

100.00

3,140,971

7,000

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Series

2015,

5.000%,

5/15/47

5/25

at

100.00

7,031,721

1,060

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Southwest

Louisiana

Charter

Academy

Foundation

Project,

Series

2013A,

8.375%,

12/15/43

5/24

at

100.00

1,061,011

2,560

(e)

New

Orleans,

Louisiana,

Sewerage

Service

Revenue

Bonds,

Refunding

Series

2014,

5.000%,

6/01/44,

(Pre-refunded

6/01/24)

6/24

at

100.00

2,561,865

Total

Louisiana

49,803,222

81

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Maine

-

0.2%

(0.1%

of

Total

Investments)

$

4,965

Maine

Health

and

Higher

Educational

Facilities

Authority

Revenue

Bonds,

Eastern

Maine

Medical

Center

Obligated

Group

Issue,

Series

2016A,

5.000%,

7/01/46

7/26

at

100.00

$

4,350,392

Total

Maine

4,350,392

Maryland

-

1.3%

(0.8%

of

Total

Investments)

2,795

Maryland

Economic

Development

Corporation,

Private

Activity

Revenue

Bonds,

Purple

Line

Light

Rail

Project,

Green

Series

2022B,

5.000%,

12/31/41,

(AMT)

6/32

at

100.00

2,857,140

2,000

(f)

Maryland

Economic

Development

Corporation,

Revenue

Bonds,

Chesapeake

Bay

Hyatt

Conference

Center,

Series

2006A,

5.000%,

12/01/31

5/24

at

100.00

1,200,000

7,145

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Adventist

Healthcare,

Series

2016A,

5.500%,

1/01/46

1/27

at

100.00

7,186,899

20,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

MedStar

Health

Issue,

Series

2017A,

5.000%,

5/15/45

5/27

at

100.00

20,337,752

2,000

(e)

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Peninsula

Regional

Medical

Center

Issue,

Refunding

Series

2015,

5.000%,

7/01/45,

(Pre-refunded

7/01/24)

7/24

at

100.00

2,001,594

355

(d)

Prince

George's

County

Revenue

Authority,

Maryland,

Special

Obligation

Bonds,

Suitland-Naylor

Road

Project,

Series

2016,

5.000%,

7/01/46

1/26

at

100.00

345,435

Total

Maryland

33,928,820

Massachusetts

-

0.1%

(0.1%

of

Total

Investments)

525

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

Medical

Center

Issue,

Green

Bonds,

Series

2015D,

5.000%,

7/01/44

7/25

at

100.00

515,643

1,525

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Emerson

College,

Series

2015,

4.500%,

1/01/45

1/25

at

100.00

1,413,035

1,800

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Emmanuel

College,

Series

2016A,

5.000%,

10/01/34

10/26

at

100.00

1,830,762

Total

Massachusetts

3,759,440

Michigan

-

1.5%

(0.9%

of

Total

Investments)

Detroit

Academy

of

Arts

and

Sciences,

Michigan,

Public

School

Academy

Revenue

Bonds,

Refunding

Series

2013

:

700

6.000%,

10/01/33

5/24

at

100.00

676,070

1,250

6.000%,

10/01/43

5/24

at

100.00

1,154,374

11,285

Detroit

City

School

District,

Wayne

County,

Michigan,

Unlimited

Tax

School

Building

and

Site

Improvement

Bonds,

Series

2001A,

6.000%,

5/01/29

-

AGM

Insured,

(UB)

No

Opt.

Call

12,001,710

5

Detroit,

Michigan,

Second

Lien

Sewerage

Disposal

System

Revenue

Bonds,

Series

2005A,

4.500%,

7/01/35

-

NPFG

Insured

5/24

at

100.00

5,004

2,925

Detroit,

Michigan,

Senior

Lien

Sewerage

Disposal

System

Revenue

Bonds,

Series

2001B,

5.500%,

7/01/29

-

NPFG

Insured

No

Opt.

Call

3,027,255

5

Detroit,

Michigan,

Sewer

Disposal

System

Revenue

Bonds,

Second

Lien,

Series

2006B,

5.000%,

7/01/36

-

FGIC

Insured

5/24

at

100.00

5,004

10

Detroit,

Michigan,

Water

Supply

System

Revenue

Bonds,

Senior

Lien

Series

2003A,

5.000%,

7/01/34

-

NPFG

Insured

5/24

at

100.00

10,010

10,000

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

Beaumont

Health

Credit

Group,

Series

2016A,

5.000%,

11/01/44

11/25

at

100.00

10,104,057

6,800

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

Henry

Ford

Health

System,

Series

2019A,

5.000%,

11/15/48

11/29

at

100.00

6,991,504

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

82

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Michigan

(continued)

$

1,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Detroit

Water

&

Sewerage

Department

Water

Supply

System

Local

Project,

Series

2014D-6,

5.000%,

7/01/36

-

NPFG

Insured

7/24

at

100.00

$

1,000,996

5,000

Michigan

State

Building

Authority,

Revenue

Bonds,

Facilities

Program,

Refunding

Series

2019-I,

4.000%,

4/15/54

10/29

at

100.00

4,652,082

Total

Michigan

39,628,066

Minnesota

-

1.9%

(1.2%

of

Total

Investments)

700

City

of

Ham

Lake,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

DaVinci

Academy

Project,Series

2016A,

5.000%,

7/01/47

7/24

at

102.00

605,094

Duluth

Economic

Development

Authority,

Minnesota,

Health

Care

Facilities

Revenue

Bonds,

Essentia

Health

Obligated

Group,

Series

2018A

:

10,000

5.000%,

2/15/53

2/28

at

100.00

10,088,987

15,830

5.250%,

2/15/53

2/28

at

100.00

16,062,685

7,105

5.000%,

2/15/58

2/28

at

100.00

7,162,336

1,500

Forest

Lake,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Lakes

International

Language

Academy,

Series

2014A,

5.750%,

8/01/44

5/24

at

101.00

1,501,142

800

Minneapolis,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Hiawatha

Academies

Project,

Series

2022A,

5.500%,

7/01/52

7/32

at

100.00

751,029

Saint

Paul

Housing

&

Redevelopment

Authority,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Hmong

College

Prep

Academy

Project,

Series

2016A

:

750

5.750%,

9/01/46

9/26

at

100.00

754,472

4,000

6.000%,

9/01/51

9/26

at

100.00

4,035,005

6,000

Saint

Paul

Housing

and

Redevelopment

Authority,

Minnesota,

Health

Care

Facility

Revenue

Bonds,

HealthPartners

Obligated

Group,

Refunding

Series

2015A,

5.000%,

7/01/32

7/25

at

100.00

6,062,003

3,850

Saint

Paul

Port

Authority,

Minnesota,

Lease

Revenue

Bonds,

Regions

Hospital

Parking

Ramp

Project,

Series

2007-1,

5.000%,

8/01/36

5/24

at

100.00

3,851,723

Total

Minnesota

50,874,476

Missouri

-

1.5%

(0.9%

of

Total

Investments)

825

Cape

Girardeau

County

Industrial

Development

Authority,

Missouri,

Health

Facilities

Revenue

Bonds,

Southeasthealth,

Series

2016A,

6.000%,

3/01/33

5/24

at

102.00

842,612

55

Cape

Girardeau

County

Industrial

Development

Authority,

Missouri,

Health

Facilities

Revenue

Bonds,

Southeasthealth,

Series

2017A,

5.000%,

3/01/36

3/27

at

100.00

56,678

10,090

Kansas

City

Industrial

Development

Authority,

Missouri,

Airport

Special

Obligation

Bonds,

Kansas

City

International

Airport

Terminal

Modernization

Project,

Series

2019B,

5.000%,

3/01/46,

(AMT)

3/29

at

100.00

10,224,023

135

(d)

Kansas

City

Industrial

Development

Authority,

Missouri,

Sales

Tax

Revenue

Bonds,

Ward

Parkway

Center

Community

Improvement

District,

Senior

Refunding

&

Improvement

Series

2016,

5.000%,

4/01/46

4/26

at

100.00

118,136

12,005

Kansas

City

Municipal

Assistance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Improvement

Series

2004B-1,

0.000%,

4/15/29

-

AMBAC

Insured

No

Opt.

Call

10,024,217

650

(d)

Land

Clearance

for

Redevelopment

Authority

of

Kansas

City,

Missouri,

Project

Revenue

Bonds,

Convention

Center

Hotel

Project

-

TIF

Financing,

Series

2018B,

5.000%,

2/01/40

2/28

at

100.00

614,249

Liberty,

Missouri,

Special

Obligation

Tax

Increment

and

Special

Districts

Bonds,

Liberty

Commons

Project,

Series

2015A

:

660

(d)

5.125%,

6/01/25

No

Opt.

Call

651,626

3,810

(d)

5.750%,

6/01/35

6/25

at

100.00

3,571,986

3,695

(d)

6.000%,

6/01/46

6/25

at

100.00

3,346,878

83

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Missouri

(continued)

Missouri

Health

and

Educational

Facilities

Authority,

Educational

Facilities

Revenue

Bonds,

Kansas

City

University

of

Medicine

and

Biosciences,

Series

2013A

:

$

1,590

5.000%,

6/01/30

5/24

at

100.00

$

1,591,424

2,700

5.000%,

6/01/33

5/24

at

100.00

2,702,401

50

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

CoxHealth,

Series

2013A,

5.000%,

11/15/44

5/24

at

100.00

50,011

2,000

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Mercy

Health,

Series

2014F,

5.000%,

11/15/45

11/24

at

100.00

1,987,058

1,105

Saint

Louis

County

Industrial

Development

Authority,

Missouri,

Health

Facilities

Revenue

Bonds,

Ranken-Jordan

Project,

Refunding

&

Improvement

Series

2016,

5.000%,

11/15/46

11/25

at

100.00

1,043,906

430

Saint

Louis

County

Industrial

Development

Authority,

Missouri,

Revenue

Bonds,

Friendship

Village

of

Sunset

Hills,

Series

2013A,

5.875%,

9/01/43

5/24

at

100.00

430,259

Saint

Louis

County

Industrial

Development

Authority,

Missouri,

Revenue

Bonds,

Saint

Andrew's

Resources

for

Seniors,

Series

2015A

:

450

5.000%,

12/01/35

12/25

at

100.00

430,523

130

5.125%,

12/01/45

12/25

at

100.00

114,754

795

Stoddard

County

Industrial

Development

Authority,

Missouri,

Health

Facility

Revenue

Bonds,

Southeasthealth,

Series

2016B,

6.000%,

3/01/37

5/24

at

102.00

812,420

Total

Missouri

38,613,161

Nebraska

-

0.4%

(0.2%

of

Total

Investments)

5,835

Central

Plains

Energy

Project,

Nebraska,

Gas

Project

3

Revenue

Bonds,

Refunding

Crossover

Series

2017A,

5.000%,

9/01/42

No

Opt.

Call

6,032,176

3,435

Douglas

County

Hospital

Authority

2,

Nebraska,

Health

Facilities

Revenue

Bonds,

Children's

Hospital

Obligated

Group,

Series

2017,

5.000%,

11/15/47

5/27

at

100.00

3,472,121

Total

Nebraska

9,504,297

Nevada

-

0.2%

(0.2%

of

Total

Investments)

2,000

Clark

County

School

District,

Nevada,

General

Obligation

Bonds,

Limited

Tax

Building

Series

2018A,

4.000%,

6/15/37

6/28

at

100.00

2,009,431

4,410

Clark

County,

Nevada,

General

Obligation

Bonds,

Stadium

Improvement,

Limited

Tax

Additionally

Secured

by

Pledged

Revenues,

Series

2018A,

5.000%,

5/01/48

6/28

at

100.00

4,555,829

Total

Nevada

6,565,260

New

Hampshire

-

0.3%

(0.2%

of

Total

Investments)

2,995

(d)

National

Finance

Authority,

New

Hampshire,

Resource

Recovery

Revenue

Bonds,

Covanta

Project,

Refunding

Series

2018C,

4.875%,

11/01/42,

(AMT)

5/24

at

100.00

2,702,105

6,060

(d)

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Covenant

Health

Group

Series

2023,

4.000%,

7/01/37

1/33

at

100.00

5,374,651

Total

New

Hampshire

8,076,756

New

Jersey

-

7.7%

(4.8%

of

Total

Investments)

140

(e)

Gloucester

County

Pollution

Control

Financing

Authority,

New

Jersey,

Pollution

Control

Revenue

Bonds,

Logan

Project,

Refunding

Series

2014A,

5.000%,

12/01/24,

(AMT),

(ETM)

No

Opt.

Call

139,970

1,100

New

Jersey

Economic

Development

Authority,

Private

Activity

Bonds,

The

Goethals

Bridge

Replacement

Project,

Series

2013,

5.125%,

7/01/42

-

AGM

Insured,

(AMT)

5/24

at

100.00

1,099,993

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

84

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

Jersey

(continued)

$

17,580

(e)

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Refunding

Series

2016BBB,

5.500%,

6/15/31,

(Pre-

refunded

12/15/26)

12/26

at

100.00

$

18,612,695

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Series

2015WW

:

755

(e)

5.250%,

6/15/40,

(Pre-refunded

6/15/25),

(UB)

6/25

at

100.00

770,048

40

(c),(e)

5.250%,

6/15/40,

(Pre-refunded

6/15/25),

(UB)

6/25

at

100.00

40,797

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Series

2016AAA

:

1,000

(e)

5.000%,

6/15/36,

(Pre-refunded

12/15/26)

12/26

at

100.00

1,046,268

10,000

(e)

5.000%,

6/15/41,

(Pre-refunded

12/15/26)

12/26

at

100.00

10,462,677

2,175

(e)

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Series

2017DDD,

5.000%,

6/15/42,

(Pre-refunded

6/15/27)

6/27

at

100.00

2,297,995

16,000

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Series

2019LLL,

5.000%,

6/15/49

12/29

at

100.00

16,459,774

1,650

New

Jersey

Economic

Development

Authority,

Special

Facilities

Revenue

Bonds,

Continental

Airlines

Inc.,

Series

1999,

5.250%,

9/15/29,

(AMT)

5/24

at

100.50

1,652,444

2,900

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

Program

Bonds,

Series

2022BB,

4.000%,

6/15/41

12/31

at

100.00

2,836,874

19,650

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

Program

Bonds,

Series

2022CC,

5.000%,

6/15/48

12/32

at

100.00

20,644,822

15,280

(c)

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

Program

Bonds,

Series

2023BB,

5.250%,

6/15/50,

(UB)

12/33

at

100.00

16,361,557

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Capital

Appreciation

Series

2010A

:

3,130

0.000%,

12/15/28

No

Opt.

Call

2,639,194

3,000

0.000%,

12/15/31

No

Opt.

Call

2,258,975

12,715

0.000%,

12/15/33

No

Opt.

Call

8,850,202

610

0.000%,

12/15/34

No

Opt.

Call

406,799

2,480

0.000%,

12/15/40

No

Opt.

Call

1,189,670

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Refunding

Series

2006C

:

10,000

0.000%,

12/15/33

-

AGM

Insured

No

Opt.

Call

7,026,476

20,000

0.000%,

12/15/36

-

AMBAC

Insured

No

Opt.

Call

12,022,170

19,175

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2008A,

0.000%,

12/15/35

No

Opt.

Call

12,170,783

15,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2009A,

0.000%,

12/15/39

No

Opt.

Call

7,661,046

5,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2009C,

5.250%,

6/15/32

12/24

at

100.00

5,037,509

6,305

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2015AA,

5.000%,

6/15/45

6/25

at

100.00

6,340,756

15,000

(c)

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2018A,

5.000%,

12/15/34,

(UB)

12/28

at

100.00

15,985,876

6,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2019BB,

4.000%,

6/15/44

12/28

at

100.00

5,726,946

2,345

New

Jersey

Turnpike

Authority,

Revenue

Bonds,

Refunding

Series

2015E,

5.000%,

1/01/45

1/25

at

100.00

2,355,609

1,595

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A,

5.000%,

6/01/46

6/28

at

100.00

1,630,931

85

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

Jersey

(continued)

$

19,345

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018B,

5.000%,

6/01/46

6/28

at

100.00

$

19,535,798

Total

New

Jersey

203,264,654

New

York

-

17.3%

(10.6%

of

Total

Investments)

Brooklyn

Arena

Local

Development

Corporation,

New

York,

Payment

in

Lieu

of

Taxes

Revenue

Bonds,

Barclays

Center

Project,

Series

2009

:

3,400

0.000%,

7/15/44

No

Opt.

Call

1,261,082

12,020

0.000%,

7/15/46

No

Opt.

Call

4,006,494

450

Buffalo

and

Erie

County

Industrial

Land

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

System,

Inc.

Project,

Series

2015,

5.250%,

7/01/35

7/25

at

100.00

402,268

200

Build

New

York

City

Resource

Corporation,

New

York,

Revenue

Bonds,

Metropolitan

College

of

New

York,

Series

2014,

5.000%,

11/01/39

11/24

at

100.00

120,000

480

(d)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Albert

Einstein

College

of

Medicine,

Inc,

Series

2015,

5.500%,

9/01/45

9/25

at

100.00

480,021

18,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Memorial

Sloan

Kettering

Cancer

Center

Series

2022-1A,

4.000%,

7/01/51

7/32

at

100.00

17,039,653

15,270

(d)

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Vaughn

College

of

Aeronautics

&

Technology,

Series

2016A,

5.500%,

12/01/46

12/26

at

100.00

13,215,244

5,000

Dormitory

Authority

of

the

State

of

New

York,

State

Personal

Income

Tax

Revenue

Bonds,

General

Purpose,

Bidding

Group

5

Series

2021E,

4.000%,

3/15/48

3/32

at

100.00

4,780,232

5,000

Dormitory

Authority

of

the

State

of

New

York,

State

Personal

Income

Tax

Revenue

Bonds,

General

Purpose,

Series

2019D,

4.000%,

2/15/40

2/30

at

100.00

5,002,673

7,250

Dutchess

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Health

Quest

Systems,

Inc.

Project,

Series

2016B,

5.000%,

7/01/46

7/26

at

100.00

7,127,435

81,270

(d)

Erie

County

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2005C,

0.000%,

6/01/50

5/24

at

19.56

9,600,165

6,280

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020C-1,

5.250%,

11/15/55

5/30

at

100.00

6,527,316

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Refunding

Green

Series

2016B

:

4,210

5.000%,

11/15/34

11/26

at

100.00

4,350,258

3,320

5.000%,

11/15/37

11/26

at

100.00

3,413,563

1,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Refunding

Series

2015F,

5.000%,

11/15/35

11/25

at

100.00

1,019,314

5,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Refunding

Series

2017D,

5.000%,

11/15/32

5/28

at

100.00

5,289,514

1,000

Monroe

County

Industrial

Development

Corporation,

New

York,

Revenue

Bonds,

St.

John

Fisher

College,

Series

2011,

6.000%,

6/01/34

5/24

at

100.00

1,001,965

6,895

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2019

Series

FF-2,

4.000%,

6/15/41

6/29

at

100.00

6,881,882

10,000

(c)

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2020

Series

AA,

4.000%,

6/15/40

12/29

at

100.00

10,016,232

9,750

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2020

Series

CC-1,

4.000%,

6/15/49

12/29

at

100.00

9,338,103

5,000

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2020

Series

GG-1,

4.000%,

6/15/50

6/30

at

100.00

4,785,432

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

86

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

York

(continued)

$

10,000

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2022

Series

AA-1,

4.000%,

6/15/51

6/31

at

100.00

$

9,576,054

4,440

New

York

City

Transitional

Finance

Authority,

New

York,

Building

Aid

Revenue

Bonds,

Fiscal

Series

2016S-1,

5.000%,

7/15/34

1/26

at

100.00

4,527,019

5,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2017

Series

E-1,

5.000%,

2/01/43

2/27

at

100.00

5,134,844

10,000

New

York

City,

New

York,

Educational

Construction

Fund

Revenue

Bonds,

Series

2021B,

5.000%,

4/01/52

4/31

at

100.00

10,468,724

5,750

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2018

Series

E-1,

5.000%,

3/01/40

3/28

at

100.00

6,018,750

2,860

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2022

Series

A-1,

5.000%,

8/01/47

8/31

at

100.00

3,028,287

45,260

(d)

New

York

Liberty

Development

Corporation,

New

York,

Liberty

Revenue

Bonds,

3

World

Trade

Center

Project,

Class

1

Series

2014,

5.000%,

11/15/44

11/24

at

100.00

44,857,648

5,700

(d)

New

York

Liberty

Development

Corporation,

New

York,

Liberty

Revenue

Bonds,

3

World

Trade

Center

Project,

Class

2

Series

2014,

5.150%,

11/15/34

11/24

at

100.00

5,714,208

New

York

State

Thruway

Authority,

General

Revenue

Junior

Indebtedness

Obligations,

Series

2016A

:

5,000

5.000%,

1/01/46

1/26

at

100.00

5,038,578

7,525

5.250%,

1/01/56

1/26

at

100.00

7,624,920

8,265

New

York

State

Urban

Development

Corporation,

State

Personal

Income

Tax

Revenue

Bonds,

General

Purpose,

Series

2020C,

5.000%,

3/15/47

9/30

at

100.00

8,690,257

12,100

New

York

Transportation

Development

Corporation,

New

York,

Facility

Revenue

Bonds,

Thruway

Service

Areas

Project,

Series

2021,

4.000%,

4/30/53,

(AMT)

10/31

at

100.00

9,764,325

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A

:

14,650

5.000%,

7/01/46,

(AMT)

7/24

at

100.00

14,288,677

68,360

5.250%,

1/01/50,

(AMT)

7/24

at

100.00

67,676,243

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Refunding

Series

2016

:

1,615

5.000%,

8/01/26,

(AMT)

5/24

at

100.00

1,615,487

28,700

5.000%,

8/01/31,

(AMT)

5/24

at

100.00

28,702,018

7,905

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Series

2020,

5.250%,

8/01/31,

(AMT)

8/30

at

100.00

8,298,811

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

New

Terminal

1

John

F

Kennedy

International

Airport

Project,

Green

Series

2023

:

3,945

(c)

6.000%,

6/30/54,

(AMT),

(UB)

6/31

at

100.00

4,325,702

15,465

(c)

5.375%,

6/30/60,

(AMT),

(UB)

6/31

at

100.00

16,157,077

5,350

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2018,

5.000%,

1/01/31,

(AMT)

1/28

at

100.00

5,528,966

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2020

:

1,000

4.000%,

10/01/30,

(AMT)

No

Opt.

Call

997,803

2,100

5.000%,

10/01/40,

(AMT)

10/30

at

100.00

2,169,670

87

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

York

(continued)

$

13,750

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2023,

5.625%,

4/01/40,

(AMT)

4/31

at

100.00

$

14,951,768

3,000

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

One

Hundred

Ninety-Eighth

Series

2016,

5.250%,

11/15/56

11/26

at

100.00

3,045,540

14,500

Suffolk

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2021B-2,

0.000%,

6/01/66

6/31

at

27.72

1,395,945

2,320

Triborough

Bridge

and

Tunnel

Authority,

New

York,

General

Purpose

Revenue

Bonds,

Series

2015B,

5.000%,

11/15/45

11/25

at

100.00

2,354,147

30,000

(c)

Triborough

Bridge

and

Tunnel

Authority,

New

York,

Sales

Tax

Revenue

Bonds,

MTA

Bridges

&

Tunnels,

TBTA

Capital

Lockbox-City

Sales

Tax

Series

2023A,

4.500%,

5/15/63,

(UB)

5/33

at

100.00

29,822,070

2,150

TSASC

Inc.,

New

York,

Tobacco

Asset-Backed

Bonds,

Series

2006,

5.000%,

6/01/48

6/27

at

100.00

1,912,890

9,985

Westchester

County

Health

Care

Corporation,

New

York,

Senior

Lien

Revenue

Bonds,

Series

2014A,

5.000%,

11/01/44

5/24

at

101.00

9,491,106

3,640

Westchester

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Westchester

Medical

Center

Obligated

Group

Project,

Refunding

Series

2016,

5.000%,

11/01/46

11/25

at

100.00

3,448,047

565

Westchester

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Westchester

Medical

Center

Obligated

Group

Project,

Series

2023,

6.250%,

11/01/52

11/33

at

100.00

630,438

Total

New

York

452,914,865

North

Carolina

-

0.4%

(0.2%

of

Total

Investments)

4,500

North

Carolina

Medical

Care

Commission,

Health

Care

Facilities

Revenue

Bonds,

Novant

Health

Obligated

Group,

Series

2019A,

4.000%,

11/01/52

11/29

at

100.00

4,284,746

5,000

North

Carolina

Turnpike

Authority,

Triangle

Expressway

System

Revenue

Bonds,

Senior

Lien

Series

2019,

5.000%,

1/01/49

1/30

at

100.00

5,082,966

Total

North

Carolina

9,367,712

North

Dakota

-

2.0%

(1.2%

of

Total

Investments)

Grand

Forks,

North

Dakota,

Health

Care

System

Revenue

Bonds,

Altru

Health

System

Obligated

Group,

Series

2021

:

1,075

4.000%,

12/01/46

12/31

at

100.00

899,936

1,750

3.000%,

12/01/51

-

AGM

Insured

12/31

at

100.00

1,266,293

Ward

County

Health

Care,

North

Dakota,

Revenue

Bonds,

Trinity

Obligated

Group,

Series

2017C

:

10,315

5.000%,

6/01/43

6/28

at

100.00

9,301,319

10,950

5.000%,

6/01/48

6/28

at

100.00

9,538,311

37,840

5.000%,

6/01/53

6/28

at

100.00

31,788,294

Total

North

Dakota

52,794,153

Ohio

-

9.2%

(5.7%

of

Total

Investments)

1,430

American

Municipal

Power

Inc.,

Ohio,

Combined

Hydroelectric

Projects

Revenue

Bonds,

Green

Series

2016A,

5.000%,

2/15/46

2/26

at

100.00

1,438,672

2,420

Ashland

County-West

Holmes

Joint

Vocational

School

District,

Ohio,

General

Obligation

Bonds,

Limited

Tax

School

Facilities

Construction

&

Improvement

Series

2022,

4.000%,

12/01/46

12/29

at

100.00

2,337,817

28,980

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Capital

Appreciation

Series

2020B-3

Class

2,

0.000%,

6/01/57

6/30

at

22.36

2,873,184

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

88

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Ohio

(continued)

$

9,495

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020B-2

Class

2,

5.000%,

6/01/55

6/30

at

100.00

$

8,608,372

Chillicothe,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Adena

Health

System

Obligated

Group

Project,

Refunding

&

Improvement

Series

2017

:

3,250

5.000%,

12/01/37

12/27

at

100.00

3,326,238

7,200

5.000%,

12/01/47

12/27

at

100.00

7,264,168

2,500

Clark-Shawnee

Local

School

District,

Clark

County,

Ohio,

General

Obligation

Bonds,

School

Facilities

Construction

&

Improvement

Series

2017,

5.000%,

11/01/54

11/27

at

100.00

2,547,637

6,500

Cleveland

Clinic

Health

System

Obligated

Group,

Ohio,

Martin

County

Health

Facilities

Authority,

Hospital

Revenue

Bonds,

Series

2019B,

4.000%,

1/01/46

1/29

at

100.00

6,152,378

Cleveland,

Ohio,

Public

Power

System

Revenue

Bonds,

Series

2008B-2

:

2,000

0.000%,

11/15/28

-

NPFG

Insured

No

Opt.

Call

1,689,664

6,895

0.000%,

11/15/32

-

NPFG

Insured

No

Opt.

Call

4,923,220

2,155

0.000%,

11/15/34

-

NPFG

Insured

No

Opt.

Call

1,419,867

Columbus

City

School

District,

Franklin

County,

Ohio,

General

Obligation

Bonds,

School

Facilities

Construction

and

Improvement,

Refunding

Series

2006

:

4,145

0.000%,

12/01/27

-

AGM

Insured

No

Opt.

Call

3,642,691

165

(e)

0.000%,

12/01/27

-

AGM

Insured,

(ETM)

No

Opt.

Call

145,926

5,615

0.000%,

12/01/28

-

AGM

Insured

No

Opt.

Call

4,768,560

220

(e)

0.000%,

12/01/28

-

AGM

Insured,

(ETM)

No

Opt.

Call

188,781

770

(d)

Columbus-Franklin

County

Finance

Authority,

Ohio,

Tax

Increment

Financing

Revenue

Bonds,

Easton

Project,

Series

2020,

5.000%,

6/01/28

No

Opt.

Call

763,603

Cuyahoga

County,

Ohio,

Hospital

Revenue

Bonds,

MetroHealth

System,

Series

2017

:

19,495

5.500%,

2/15/52

2/27

at

100.00

19,737,658

20,650

5.500%,

2/15/57

2/27

at

100.00

20,885,677

2,400

Fairfield

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Fairfield

Medical

Center

Project,

Series

2013,

5.000%,

6/15/43

5/24

at

100.00

2,055,380

Franklin

County

Convention

Facilities

Authority,

Ohio,

Hotel

Project

Revenue

Bonds,

Greater

Columbus

Convention

Center

Hotel

Expansion

Project,

Series

2019

:

1,010

5.000%,

12/01/34

12/29

at

100.00

1,017,751

1,000

5.000%,

12/01/44

12/29

at

100.00

953,910

4,780

5.000%,

12/01/51

12/29

at

100.00

4,479,543

10,000

Franklin

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

OhioHealth

Corporation,

Series

2015,

5.000%,

5/15/40

5/25

at

100.00

10,094,091

1,730

Franklin

County,

Ohio,

Revenue

Bonds,

Trinity

Health

Credit

Group,

Series

2017OH,

5.000%,

12/01/46

6/27

at

100.00

1,757,800

2,500

Franklin

County,

Ohio,

Sales

Tax

Revenue

Bonds,

Various

Purpose

Series

2018,

5.000%,

6/01/43

6/28

at

100.00

2,613,726

8,020

Hamilton

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

TriHealth,

Inc.

Obligated

Group

Project,

Series

2017A,

5.000%,

8/15/47

8/27

at

100.00

8,127,341

5,565

Hamilton

County,

Ohio,

Sales

Tax

Bonds,

Subordinate

Series

2000B,

0.000%,

12/01/28

-

AGM

Insured

No

Opt.

Call

4,726,097

1,000

Mahoning

County,

Ohio,

Sewer

System

Revenue

Bonds,

Refunding

and

Improvement

Series

2022,

5.000%,

12/01/42

12/31

at

100.00

1,058,566

4,500

Middletown

City

School

District,

Butler

County,

Ohio,

General

Obligation

Bonds,

Refunding

Series

2007,

5.250%,

12/01/31

-

AGM

Insured

No

Opt.

Call

5,025,780

89

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Ohio

(continued)

$

6,105

Muskingum

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Genesis

HealthCare

System

Obligated

Group

Project,

Series

2013,

5.000%,

2/15/44

5/24

at

100.00

$

5,626,843

1,600

Northeast

Ohio

Regional

Sewer

District,

Wastewater

Improvement

Revenue

Bonds,

Refunding

&

Improvement

Series

2017,

4.000%,

11/15/43

5/28

at

100.00

1,590,521

2,845

Ohio

Air

Quality

Development

Authority,

Ohio,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Generation

Corporation

Project,

Refunding

Series

2009D,

3.375%,

8/01/29

No

Opt.

Call

2,678,944

Ohio

Higher

Educational

Facility

Commission,

Higher

Educational

Facility

Revenue

Bonds,

John

Carroll

University

2022

Project,

Series

2022

:

1,250

4.000%,

10/01/42

10/31

at

100.00

1,135,463

1,250

4.000%,

10/01/47

10/31

at

100.00

1,081,129

950

Ohio

Municipal

Electric

Generation

Agency,

Beneficial

Interest

Certificates,

Belleville

Hydroelectric

Project

-

Joint

Venture

5,

Series

2001,

0.000%,

2/15/29

-

NPFG

Insured

No

Opt.

Call

793,933

7,045

Ohio

State,

Hospital

Revenue

Bonds,

University

Hospitals

Health

System,

Inc.,

Series

2021A,

4.000%,

1/15/46

7/31

at

100.00

6,591,204

Ohio

State,

Turnpike

Revenue

Bonds,

Ohio

Turnpike

and

Infrastructutre

Commission

Infrastructure

Projects,

Junior

Lien,

Capital

Appreciation

Series

2013A-2

:

5,000

0.000%,

2/15/37

No

Opt.

Call

2,950,386

11,260

0.000%,

2/15/38

No

Opt.

Call

6,248,740

5,000

0.000%,

2/15/40

No

Opt.

Call

2,457,977

27,880

Ohio

Water

Development

Authority,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Nuclear

Generating

Corporation

Project,

Series

2009A,

4.750%,

6/01/33

No

Opt.

Call

28,878,609

22,820

Ohio

Water

Development

Authority,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Nuclear

Generating

Corporation

Project,

Series

2010B,

4.750%,

6/01/33,

(Mandatory

Put

6/01/22)

No

Opt.

Call

23,637,369

1,500

Ohio

Water

Development

Authority,

Water

Pollution

Control

Loan

Fund

Revenue

Bonds,

Kestrel

Verifiers,

Green

Series

2021A,

5.000%,

12/01/46

12/31

at

100.00

1,608,879

4,250

Pickerington

Local

School

District,

Fairfield

and

Franklin

Counties,

Ohio,

General

Obligation

Bonds,

School

Facilities

Construction

&

Improvement,

Series

2023,

5.250%,

12/01/59

12/32

at

100.00

4,548,833

1,845

Pinnacle

Community

Infrastructure

Financing

Authority,

Grove

City,

Ohio,

Community

Facilities

Bonds,

Series

2015A,

4.250%,

12/01/36

-

AGM

Insured

12/25

at

100.00

1,852,944

505

(d)

Port

of

Greater

Cincinnati

Development

Authority,

Ohio,

Public

Improvement

TOT

Revenue

Bonds,

Series

2021,

4.250%,

12/01/50

12/28

at

100.00

435,643

390

Port

of

Greater

Cincinnati

Development

Authority,

Ohio,

Special

Obligation

Development

TIF

Revenue

Bonds,

RBM

Development

-

Phase

2B

Project,

Series

2018A,

6.000%,

12/01/50

12/28

at

100.00

374,309

990

Port

of

Greater

Cincinnati

Development

Authority,

Ohio,

Special

Obligation

Tax

Increment

Financing

Revenue

Bonds,

Cooperative

Township

Public

Parking

Project,

Gallery

at

Kenwood,

Senior

Lien

Series

2019A,

5.000%,

11/01/51

11/30

at

100.00

799,539

1,500

Springboro

Community

City

School

District,

Warren

County,

Ohio,

General

Obligation

Bonds,

Refunding

Series

2007,

5.250%,

12/01/32

No

Opt.

Call

1,702,078

10,000

Toledo,

Ohio,

Water

System

Revenue

Bonds,

Refunding

&

Improvement

Series

2016,

5.000%,

11/15/41

11/26

at

100.00

10,256,199

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

90

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Ohio

(continued)

$

1,000

Tuscarawas

County

Economic

Development

and

Finance

Alliance,

Ohio,

Higher

Education

Facilities

Revenue

Bonds,

Ashland

University,

Refunding

&

Improvement

Series

2015,

6.000%,

3/01/45

3/25

at

100.00

$

996,368

Total

Ohio

240,870,008

Oklahoma

-

2.3%

(1.4%

of

Total

Investments)

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

:

12,690

5.250%,

8/15/43

8/28

at

100.00

12,951,219

9,715

5.250%,

8/15/48

8/28

at

100.00

9,821,649

18,235

5.500%,

8/15/52

8/28

at

100.00

18,544,431

16,570

5.500%,

8/15/57

8/28

at

100.00

16,863,990

1,550

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Taxable

Series

2022,

5.500%,

8/15/41

8/32

at

100.00

1,565,434

1,500

Tulsa

Municipal

Airport

Trust,

Oklahoma,

Revenue

Bonds,

American

Airlines

Inc.,

Refunding

Series

2015,

5.000%,

6/01/35,

(AMT),

(Mandatory

Put

6/01/25)

6/25

at

100.00

1,509,657

Total

Oklahoma

61,256,380

Oregon

-

0.3%

(0.2%

of

Total

Investments)

7,330

Port

of

Portland,

Oregon,

International

Airport

Revenue

Bonds,

Series

2020-27A,

5.000%,

7/01/45,

(AMT)

7/30

at

100.00

7,525,998

1,150

(d)

Warm

Springs

Reservation

Confederated

Tribes,

Oregon,

Hydroelectric

Revenue

Bonds,

Tribal

Economic

Development

Bond

Pelton

Round

Butte

Project,

Taxable

Refunding

Green

Series

2019B,

5.000%,

11/01/36

5/29

at

100.00

1,234,630

Total

Oregon

8,760,628

Pennsylvania

-

7.1%

(4.4%

of

Total

Investments)

380

Allegheny

Country

Industrial

Development

Authority,

Pennsylvania,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2012,

5.750%,

8/01/42,

(AMT)

5/24

at

100.00

380,051

7,355

(d)

Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

City

Center

Refunding

Project,

Series

2017,

5.000%,

5/01/42

5/27

at

100.00

7,258,728

11,700

Beaver

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Generation

Project,

Refunding

Series

2006A,

4.750%,

1/01/35,

(Mandatory

Put

7/01/33)

No

Opt.

Call

11,943,555

2,030

Beaver

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Generation

Project,

Series

2008B,

3.750%,

10/01/47

4/31

at

100.00

1,603,771

Berks

County

Industrial

Development

Authority,

Pennsylvania,

Health

System

Revenue

Bonds,

Tower

Health

Project,

Series

2017

:

16,975

5.000%,

11/01/47

11/27

at

100.00

8,757,785

6,695

5.000%,

11/01/50

11/27

at

100.00

3,441,454

2,405

Commonwealth

Financing

Authority,

Pennsylvania,

State

Appropriation

Lease

Bonds,

Master

Settlement,

Series

2018,

5.000%,

6/01/34

6/28

at

100.00

2,542,241

Cumberland

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Diakon

Lutheran

Social

Ministries

Project,

Series

2015

:

1,030

5.000%,

1/01/38

1/25

at

100.00

1,032,399

845

(e)

5.000%,

1/01/38,

(Pre-refunded

1/01/25)

1/25

at

100.00

851,007

205

(e)

5.000%,

1/01/38,

(Pre-refunded

1/01/25)

1/25

at

100.00

206,457

15,000

Geisinger

Authority,

Montour

County,

Pennsylvania,

Health

System

Revenue

Bonds,

Geisinger

Health

System,

Series

2017A-1,

4.000%,

2/15/47

2/27

at

100.00

14,111,423

91

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Pennsylvania

(continued)

Geisinger

Authority,

Montour

County,

Pennsylvania,

Health

System

Revenue

Bonds,

Geisinger

Health

System,

Series

2020A

:

$

8,710

4.000%,

4/01/39

4/30

at

100.00

$

8,516,212

5,085

4.000%,

4/01/50

4/30

at

100.00

4,691,584

5,000

5.000%,

4/01/50

4/30

at

100.00

5,105,186

15,220

(c)

Lehigh

County

General

Purpose

Authority,

Pennsylvania,

Hospital

Revenue

Bonds,

Lehigh

Valley

Health

Network,

Series

2019A,

5.000%,

7/01/44,

(UB)

7/29

at

100.00

15,636,789

Montgomery

County

Higher

Education

and

Health

Authority,

Pennsylvania,

Revenue

Bonds,

Thomas

Jefferson

University,

Series

2022B

:

20,335

5.000%,

5/01/52

5/32

at

100.00

20,829,586

9,400

5.000%,

5/01/57

5/32

at

100.00

9,553,310

Montgomery

County

Industrial

Development

Authority,

Pennsylvania,

Health

System

Revenue

Bonds,

Albert

Einstein

Healthcare

Network

Issue,

Series

2015A

:

5,440

(e)

5.250%,

1/15/36,

(Pre-refunded

1/15/25)

1/25

at

100.00

5,493,994

3,535

(e)

5.250%,

1/15/45,

(Pre-refunded

1/15/25)

1/25

at

100.00

3,570,086

2,206

(f)

Northampton

County

Industrial

Development

Authority,

Pennsylvania,

Recovery

Revenue

Bonds,

Northampton

Generating

Project,

Senior

Lien

Series

2013A0

&

AE2,

0.900%,

6/30/27

5/24

at

100.00

397,030

1,215

(f)

Northampton

County

Industrial

Development

Authority,

Pennsylvania,

Recovery

Revenue

Bonds,

Northampton

Generating

Project,

Senior

Lien

Taxable

Series

2013B,

0.900%,

6/30/27,

(cash

5.000%,

PIK

5.000%)

No

Opt.

Call

218,699

4,135

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

National

Gypsum

Company,

Refunding

Series

2014,

5.500%,

11/01/44,

(AMT)

11/24

at

100.00

4,143,608

Pennsylvania

Economic

Development

Financing

Authority,

Pennsylvania,

Private

Activity

Revenue

Bonds,

The

PennDOT

Major

Bridges

Package

One

Project,

Series

2022

:

19,250

5.750%,

6/30/48,

(AMT)

12/32

at

100.00

20,944,522

24,890

(c)

5.000%,

12/31/57

-

AGM

Insured,

(AMT),

(UB)

12/32

at

100.00

25,936,502

3,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Capital

Appreciation

Series

2009E,

6.000%,

12/01/30

12/27

at

100.00

3,286,589

4,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

University

of

the

Sciences

in

Philadelphia,

Series

2017,

5.000%,

11/01/47

5/27

at

100.00

4,008,388

935

The

Redevelopment

Authority

of

the

City

of

Scranton,

Lackawanna

county,

Pennsylvania,

Guaranteed

Lease

Revenue

Bonds,

Series

2016A,

5.000%,

11/15/28

5/24

at

100.00

935,232

Total

Pennsylvania

185,396,188

Puerto

Rico

-

7.1%

(4.4%

of

Total

Investments)

75,000

Children's

Trust

Fund,

Puerto

Rico,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2008A,

0.000%,

5/15/57

5/24

at

8.49

6,001,440

1,805

Cofina

Class

2

Trust

Tax-Exempt

Class

2054,

Puerto

Rico.

Unit

Exchanged

From

Cusip

74529JAP0,

0.000%,

8/01/54

No

Opt.

Call

349,664

1,595

(d)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Forward

Delivery

Series

2022A,

5.000%,

7/01/37

7/32

at

100.00

1,675,628

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A

:

16,000

(d)

5.000%,

7/01/35

7/30

at

100.00

16,816,872

5,255

(d)

5.000%,

7/01/47

7/30

at

100.00

5,324,125

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021B

:

8,180

(d)

5.000%,

7/01/33

7/31

at

100.00

8,700,446

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

92

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Puerto

Rico

(continued)

$

2,745

(d)

5.000%,

7/01/37

7/31

at

100.00

$

2,869,200

5,785

(d)

4.000%,

7/01/42

7/31

at

100.00

5,401,007

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

:

6,055

4.500%,

7/01/34

7/25

at

100.00

6,078,530

46,230

0.000%,

7/01/51

7/28

at

30.01

10,600,257

2,260

4.750%,

7/01/53

7/28

at

100.00

2,211,311

108,619

5.000%,

7/01/58

7/28

at

100.00

108,631,806

1,780

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

Cofina

Project

Series

2019A-2A,

4.550%,

7/01/40

7/28

at

100.00

1,782,576

493

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Taxable

Restructured

Cofina

Project

Series

2019A-2,

4.536%,

7/01/53

7/28

at

100.00

466,076

568

Puerto

Rico,

General

Obligation

Bonds,

Clawback

Highway

Transportation

Authority

Claims

Taxable

Series

2022,

0.000%,

11/01/51

No

Opt.

Call

341,370

8,008

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1,

4.000%,

7/01/41

7/31

at

103.00

7,450,491

821

Puerto

Rico,

Highway

and

Transportation

Authority

Highway

Revenue

Bonds,

Series

2022,

5.250%,

7/01/36

5/24

at

100.00

824,996

Total

Puerto

Rico

185,525,795

Rhode

Island

-

0.1%

(0.1%

of

Total

Investments)

21,570

Rhode

Island

Tobacco

Settlement

Financing

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2007A,

0.000%,

6/01/52

5/24

at

19.06

3,736,267

Total

Rhode

Island

3,736,267

South

Carolina

-

3.4%

(2.1%

of

Total

Investments)

21,570

Piedmont

Municipal

Power

Agency,

South

Carolina,

Electric

Revenue

Bonds,

Series

2004A-2,

0.000%,

1/01/30

-

AMBAC

Insured

No

Opt.

Call

17,099,488

7,530

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2023B,

4.850%,

7/01/48

7/32

at

100.00

7,597,345

South

Carolina

Jobs-Economic

Development

Authority,

Hospital

Revenue

Bonds,

Prisma

Health

Obligated

Group,

Series

2018A

:

9,985

(c)

5.000%,

5/01/43,

(UB)

5/28

at

100.00

10,161,326

8,560

(c)

5.000%,

5/01/48,

(UB)

5/28

at

100.00

8,630,699

4,915

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

&

Improvement

Series

2015A,

5.000%,

12/01/50

6/25

at

100.00

4,918,306

4,915

(c)

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

&

Improvement

Series

2015A,

5.000%,

12/01/50,

(UB)

6/25

at

100.00

4,918,305

7,500

(c)

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2016B,

5.000%,

12/01/46,

(UB)

12/26

at

100.00

7,552,339

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2022A

:

5,970

4.000%,

12/01/43

6/32

at

100.00

5,687,185

10,295

5.000%,

12/01/55

6/32

at

100.00

10,422,596

9,155

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Series

2014A,

5.500%,

12/01/54

6/24

at

100.00

9,154,426

2,585

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Series

2015E,

5.250%,

12/01/55

12/25

at

100.00

2,590,606

Total

South

Carolina

88,732,621

93

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

South

Dakota

-

0.2%

(0.1%

of

Total

Investments)

$

4,455

South

Dakota

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Sanford

Health,

Series

2015,

5.000%,

11/01/45

11/25

at

100.00

$

4,497,961

Total

South

Dakota

4,497,961

Tennessee

-

1.3%

(0.8%

of

Total

Investments)

1,000

(d)

Bristol

Industrial

Development

Board,

Tennessee,

State

Sales

Tax

Revenue

Bonds,

Pinnacle

Project,

Series

2016A,

5.125%,

12/01/42

12/26

at

100.00

892,448

4,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-1,

4.000%,

8/01/44

8/29

at

100.00

3,759,268

2,395

Chattanooga-Hamilton

County

Hospital

Authority,

Tennessee,

Hospital

Revenue

Bonds,

Erlanger

Health

System,

Refunding

Series

2014A,

5.000%,

10/01/44

10/24

at

100.00

2,334,349

21,500

(c)

Metropolitan

Government

of

Nashville

and

Davidson

County

Sports

Authority,

Tennessee,

Revenue

Bonds,

Stadium

Project,

Subordinate

Senior

Series

2023A,

5.250%,

7/01/53

-

AGM

Insured,

(UB)

1/34

at

100.00

22,972,853

5,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Revenue

Bonds,

Subordinate

Series

2019B,

5.000%,

7/01/54,

(AMT)

7/30

at

100.00

5,062,480

Total

Tennessee

35,021,398

Texas

-

11.0%

(6.8%

of

Total

Investments)

Board

of

Managers,

Joint

Guadalupe

County-Seguin

City

Hospital,

Texas,

Hospital

Mortgage

Revenue

Bonds,

Refunding

&

Improvement

Series

2015

:

3,135

5.250%,

12/01/35

12/25

at

100.00

3,122,253

3,340

5.000%,

12/01/40

12/25

at

100.00

3,064,601

9,000

Carrollton-Farmers

Branch

Independent

School

District,

Dallas

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2023,

4.000%,

2/15/53

2/33

at

100.00

8,445,276

960

Celina,

Texas,

Special

Assessment

Revenue

Bonds,

Sutton

Fields

II

Public

Improvement

District

Neighborhood

Improvement

Area

1

Project,

Series

2015,

7.250%,

9/01/45

9/24

at

102.00

977,887

1,690

Celina,

Texas,

Special

Assessment

Revenue

Bonds,

Sutton

Fields

II

Public

Improvement

District

Neighborhood

Improvement

Areas

2-5

Major

Improvement

Project,

Series

2015,

8.250%,

9/01/40

9/24

at

102.00

1,727,405

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Senior

Lien,

Series

2015A

:

2,000

(e)

5.000%,

1/01/40,

(Pre-refunded

7/01/25)

7/25

at

100.00

2,034,041

3,625

(e)

5.000%,

1/01/45,

(Pre-refunded

7/01/25)

7/25

at

100.00

3,686,700

Club

Municipal

Management

District

1,

Texas,

Special

Assessment

Revenue

Bonds,

Improvement

Area

1

Project,

Series

2016

:

505

6.250%,

9/01/35

9/24

at

102.00

516,873

480

6.500%,

9/01/46

9/24

at

102.00

490,073

21,000

Crowley

Independent

School

District,

Tarrant

and

Johnson

Counties,

Texas,

General

Obligation

Bonds,

School

Building

Series

2023,

4.250%,

2/01/53

2/33

at

100.00

20,462,627

1,000

Fort

Bend

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

NRG

Energy

Inc.

Project,

Series

2012A.

RMKT,

4.750%,

5/01/38

5/24

at

100.00

999,964

150

Fort

Bend

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

NRG

Energy

Inc.

Project,

Series

2012B,

4.750%,

11/01/42

5/24

at

100.00

149,052

10,000

Gulf

Coast

Industrial

Development

Authority,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Citgo

Petroleum

Corporation

Project,

Series

1998,

8.000%,

4/01/28,

(AMT)

5/24

at

100.00

10,009,775

Harris

County-Houston

Sports

Authority,

Texas,

Revenue

Bonds,

Capital

Appreciation

Refunding

Senior

Lien

Series

2014A

:

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

94

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

295

0.000%,

11/15/41

-

AGM

Insured

11/31

at

62.66

$

127,564

590

0.000%,

11/15/42

-

AGM

Insured

11/31

at

59.73

240,871

1,000

0.000%,

11/15/43

-

AGM

Insured

11/31

at

56.93

384,561

2,000

0.000%,

11/15/44

-

AGM

Insured

11/31

at

54.25

726,494

2,600

0.000%,

11/15/45

-

AGM

Insured

11/31

at

51.48

890,570

4,180

0.000%,

11/15/53

-

AGM

Insured

11/31

at

33.96

924,961

1,920

Harris

County-Houston

Sports

Authority,

Texas,

Revenue

Bonds,

Junior

Lien

Series

2001H,

0.000%,

11/15/37

-

NPFG

Insured

11/31

at

69.08

930,583

4,565

Harris

County-Houston

Sports

Authority,

Texas,

Revenue

Bonds,

Third

Lien

Series

2004A-3,

0.000%,

11/15/35

-

NPFG

Insured

11/24

at

52.47

2,334,531

40,500

Harris

County-Houston

Sports

Authority,

Texas,

Special

Revenue

Bonds,

Refunding

Senior

Lien

Series

2001A,

0.000%,

11/15/40

-

NPFG

Insured

11/30

at

54.04

16,342,600

2,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines

Inc.

Terminal

Improvement

Project,

Refunding

Series

2015B-1,

5.000%,

7/15/35,

(AMT)

7/25

at

100.00

2,004,015

235

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

E

Project,

Refunding

Series

2014,

5.000%,

7/01/29,

(AMT)

7/24

at

100.00

235,026

2,845

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

E

Project,

Refunding

Series

2020A,

5.000%,

7/01/27,

(AMT)

No

Opt.

Call

2,885,504

3,750

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Refunding

Series

2020B-2,

5.000%,

7/15/27,

(AMT)

No

Opt.

Call

3,803,980

Houston,

Texas,

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Convention

and

Entertainment

Project,

Series

2001B

:

28,305

0.000%,

9/01/28

-

AMBAC

Insured

No

Opt.

Call

23,969,795

5,000

0.000%,

9/01/30

-

AMBAC

Insured

No

Opt.

Call

3,918,463

5,765

0.000%,

9/01/31

-

AMBAC

Insured

No

Opt.

Call

4,332,009

6,000

(e)

Houston,

Texas,

Water

and

Sewerage

System

Revenue

Bonds,

Refunding

Junior

Lien

Series

2001B,

5.500%,

12/01/29

-

NPFG

Insured,

(ETM)

No

Opt.

Call

6,493,003

7,500

(e)

Houston,

Texas,

Water

and

Sewerage

System

Revenue

Bonds,

Refunding

Junior

Lien

Series

2002A,

5.750%,

12/01/32

-

AGM

Insured,

(ETM)

No

Opt.

Call

9,122,414

720

Kerrville

Health

Facilities

Development

Corporation,

Texas,

Revenue

Bonds,

Sid

Peterson

Memorial

Hospital

Project,

Series

2015,

5.000%,

8/15/35

8/25

at

100.00

726,057

2,505

Matagorda

County

Navigation

District

1,

Texas,

Collateralized

Revenue

Refunding

Bonds,

Houston

Light

and

Power

Company,

Series

1997,

5.125%,

11/01/28

-

AMBAC

Insured,

(AMT)

No

Opt.

Call

2,578,909

8,630

(d)

Mission

Economic

Development

Corporation,

Texas,

Revenue

Bonds,

Natgasoline

Project,

Senior

Lien

Series

2018,

4.625%,

10/01/31,

(AMT)

5/24

at

103.00

8,541,679

825

(f)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Student

Housing

Revenue

Bonds,

NCCD

-

College

Station

Properties

LLC

-

Texas

A&M

University

Project,  Series

2015A,

5.000%,

7/01/47

7/25

at

100.00

765,187

North

Texas

Tollway

Authority,

Special

Projects

System

Revenue

Bonds,

Convertible

Capital

Appreciation

Series

2011C

:

6,330

(e)

7.000%,

9/01/43,

(Pre-refunded

9/01/31)

9/31

at

100.00

7,734,376

9,130

(e)

6.750%,

9/01/45,

(Pre-refunded

9/01/31)

9/31

at

100.00

11,207,871

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier

Capital

Appreciation

Series

2008I

:

2,555

(e)

6.200%,

1/01/42,

(Pre-refunded

1/01/25)

-

AGC

Insured

1/25

at

100.00

2,598,434

7,000

(e)

6.500%,

1/01/43,

(Pre-refunded

1/01/25)

1/25

at

100.00

7,130,313

10,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier,

Series

2008D,

0.000%,

1/01/28

-

AGC

Insured

No

Opt.

Call

8,749,330

95

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

1,570

Reagan

Hospital

District

of

Reagan

County,

Texas,

Limited

Tax

Revenue

Bonds,

Series

2014A,

5.000%,

2/01/34

5/24

at

100.00

$

1,542,205

1,000

(f)

Red

River

Health

Facilities

Development

Corporation,

Texas,

First

Mortgage

Revenue

Bonds,

Eden

Home

Inc.,

Series

2012,

7.250%,

12/15/47

5/24

at

100.00

600,000

855

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

I,

Gas

Supply

Revenue

Bonds,

Senior

Lien

Series

2008D,

6.250%,

12/15/26

No

Opt.

Call

882,011

1,800

Texas

Private

Activity

Bond

Surface

Transpiration

Corporation,

Revenue

Bonds,

NTE

Mobility

Partners

LLC

North

Tarrant

Express

Managed

Lanes

Project,

Senior

Lien

Series

2023,

5.500%,

12/31/58,

(AMT)

12/33

at

100.00

1,932,034

Texas

Private

Activity

Bond

Surface

Transpiration

Corporation,

Senior

Lien

Revenue

Bonds,

NTE

Mobility

Partners

Segments

3

LLC

Refunding

Series

2023

:

300

5.500%,

6/30/42,

(AMT)

6/28

at

103.00

318,739

1,660

5.500%,

6/30/43,

(AMT)

6/28

at

103.00

1,760,555

90,930

Texas

Private

Activity

Bond

Surface

Transporation

Corporation,

Senior

Lien

Revenue

Bonds,

NTE

Mobility

Partners

Segments

3

LLC

Segments

3C

Project,

Series

2019,

5.000%,

6/30/58,

(AMT)

6/29

at

100.00

91,622,814

3,600

Texas

Turnpike

Authority,

Central

Texas

Turnpike

System

Revenue

Bonds,

First

Tier

Series

2002A,

0.000%,

8/15/25

-

AMBAC

Insured

No

Opt.

Call

3,418,742

Total

Texas

287,462,727

Utah

-

0.1%

(0.1%

of

Total

Investments)

1,945

(d),(f)

Box

Elder

County,

Utah,

Solid

Waste

Disposal

Revenue

Bonds,

Promontory

Point

Res,

LLC,

Senior

Series

2017A,

8.000%,

12/01/39,

(AMT)

12/27

at

100.00

1,901,984

1,755

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2021A,

4.000%,

7/01/51

-

AGM

Insured,

(AMT)

7/31

at

100.00

1,609,761

Total

Utah

3,511,745

Virginia

-

4.2%

(2.6%

of

Total

Investments)

22,405

(c)

Chesapeake

Bay

Bridge

and

Tunnel

District,

Virginia,

General

Resolution

Revenue

Bonds,

First

Tier

Series

2016,

5.000%,

7/01/51,

(UB)

7/26

at

100.00

22,434,189

12,000

Chesapeake

Bay

Bridge

and

Tunnel

District,

Virginia,

General

Resolution

Revenue

Bonds,

First

Tier

Series

2016,

5.000%,

7/01/51

7/26

at

100.00

12,015,634

540

(e)

Embrey

Mill

Community

Development

Authority,

Virginia,

Special

Assessment

Revenue

Bonds,

Series

2015,

5.600%,

3/01/45,

(Pre-refunded

3/01/25)

3/25

at

100.00

548,161

2,000

Tobacco

Settlement

Financing

Corporation

of

Virginia,

Tobacco

Settlement

Asset

Backed

Bonds,

Series

2007B1,

5.000%,

6/01/47

5/24

at

100.00

1,845,514

20,000

Virginia

College

Building

Authority,

Educational

Facilities

Revenue

Bonds,

21st

Century

College

&

Equipment

Programs,

Series

2024A,

4.000%,

2/01/42,

(WI/DD)

2/34

at

100.00

19,708,500

Virginia

Small

Business

Financing

Authority,

Private

Activity

Revenue

Bonds,

Transform

66

P3

Project,

Senior

Lien

Series

2017

:

8,995

5.000%,

12/31/49,

(AMT)

6/27

at

100.00

9,041,365

16,520

5.000%,

12/31/52,

(AMT)

6/27

at

100.00

16,571,541

27,570

5.000%,

12/31/56,

(AMT)

6/27

at

100.00

27,624,021

Total

Virginia

109,788,925

Washington

-

3.3%

(2.0%

of

Total

Investments)

770

Central

Puget

Sound

Regional

Transit

Authority,

Washington,

Sales

Tax

and

Motor

Vehicle

Excise

Tax

Bonds,

Series

1999,

4.750%,

2/01/28

-

FGIC

Insured

5/24

at

100.00

773,289

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

96

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Washington

(continued)

$

105

Tacoma

Consolidated

Local

Improvement

District

65,

Washington,

Special

Assessment

Bonds,

Series

2013,

5.750%,

4/01/43

5/24

at

100.00

$

100,173

6,065

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Central

Washington

Health

Services

Association,

Refunding

Series

2015,

4.000%,

7/01/36

7/25

at

100.00

5,953,125

10,420

(c)

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

MultiCare

Health

System,

Series

2015A,

5.000%,

8/15/45,

(UB)

8/25

at

100.00

10,011,184

10,500

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

MultiCare

Health

System,

Series

2017B,

4.000%,

8/15/41

2/28

at

100.00

9,880,529

10,785

(c)

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Health

&

Services,

Series

2014C,

5.000%,

10/01/44,

(UB)

10/24

at

100.00

10,797,193

21,320

(c)

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Health

&

Services,

Series

2014D,

5.000%,

10/01/38,

(UB)

10/24

at

100.00

20,799,349

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Seattle

Cancer

Center

Alliance,

Series

2020

:

2,000

4.000%,

9/01/45

9/30

at

100.00

1,837,658

14,875

(c)

5.000%,

9/01/55,

(UB)

9/30

at

100.00

15,203,834

Washington

State

Convention

Center

Public

Facilities

District,

Lodging

Tax

Revenue

Bonds,

Refunding

Subordinate

Series

2021B.  Exchange

Purchase

:

9,435

4.000%,

7/01/43

7/31

at

100.00

8,705,014

1,675

3.000%,

7/01/48

7/31

at

100.00

1,219,339

1,410

Washington

State,

Motor

Vehicle

Fuel

Tax

General

Obligation

Bonds,

Series

2003F,

0.000%,

12/01/24

-

NPFG

Insured

No

Opt.

Call

1,379,566

Total

Washington

86,660,253

West

Virginia

-

0.4%

(0.2%

of

Total

Investments)

6,000

West

Virginia

Hospital

Finance

Authority,

Hospital

Revenue

Bonds,

Charleston

Area

Medical

Center,

Refunding

&

Improvement

Series

2023B,

6.000%,

9/01/48

9/33

at

100.00

6,747,072

3,500

West

Virginia

State,

General

Obligation

Bonds,

State

Road

Competitive

Series

2018B,

4.000%,

6/01/42

6/28

at

100.00

3,508,132

Total

West

Virginia

10,255,204

Wisconsin

-

2.2%

(1.4%

of

Total

Investments)

25

(d)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Corvian

Community

School,

North

Carolina,

Series

2017A,

5.000%,

6/15/37

6/24

at

100.00

23,684

1,000

(d)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Envision

Science

Academy

Project,

Series

2016A,

5.125%,

5/01/36

5/26

at

100.00

973,365

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

North

Carolina

Charter

Educational

Foundation

Project,

Series

2016A

:

5,545

(d)

5.000%,

6/15/36

6/26

at

100.00

4,883,679

4,430

(d)

5.000%,

6/15/46

6/26

at

100.00

3,444,373

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

:

80

(d),(f)

0.000%,

1/01/47

No

Opt.

Call

1,988

70

(d),(f)

0.000%,

1/01/48

No

Opt.

Call

1,644

69

(d),(f)

0.000%,

1/01/49

No

Opt.

Call

1,524

66

(d),(f)

0.000%,

1/01/50

No

Opt.

Call

1,368

65

(d),(f)

0.000%,

1/01/51

No

Opt.

Call

1,273

85

(d),(f)

0.000%,

1/01/52

No

Opt.

Call

1,538

84

(d),(f)

0.000%,

1/01/53

No

Opt.

Call

1,437

81

(d),(f)

0.000%,

1/01/54

No

Opt.

Call

1,306

97

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Wisconsin

(continued)

$

79

(d),(f)

0.000%,

1/01/55

No

Opt.

Call

$

1,209

78

(d),(f)

0.000%,

1/01/56

No

Opt.

Call

1,125

4,225

(d),(f)

5.500%,

7/01/56

3/28

at

100.00

3,150,671

86

(d),(f)

0.000%,

1/01/57

No

Opt.

Call

1,174

84

(d),(f)

0.000%,

1/01/58

No

Opt.

Call

1,081

81

(d),(f)

0.000%,

1/01/59

No

Opt.

Call

1,000

80

(d),(f)

0.000%,

1/01/60

No

Opt.

Call

919

79

(d),(f)

0.000%,

1/01/61

No

Opt.

Call

854

76

(d),(f)

0.000%,

1/01/62

No

Opt.

Call

784

75

(d),(f)

0.000%,

1/01/63

No

Opt.

Call

728

73

(d),(f)

0.000%,

1/01/64

No

Opt.

Call

678

72

(d),(f)

0.000%,

1/01/65

No

Opt.

Call

626

78

(d),(f)

0.000%,

1/01/66

No

Opt.

Call

625

935

(d),(f)

0.000%,

1/01/67

No

Opt.

Call

6,812

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

:

69

(d),(f)

0.000%,

1/01/46

No

Opt.

Call

1,864

68

(d),(f)

0.000%,

1/01/47

No

Opt.

Call

1,703

68

(d),(f)

0.000%,

1/01/48

No

Opt.

Call

1,599

67

(d),(f)

0.000%,

1/01/49

No

Opt.

Call

1,496

67

(d),(f)

0.000%,

1/01/50

No

Opt.

Call

1,368

73

(d),(f)

0.000%,

1/01/51

No

Opt.

Call

1,419

1,874

(d),(f)

3.750%,

7/01/51

3/28

at

100.00

1,304,750

72

(d),(f)

0.000%,

1/01/52

No

Opt.

Call

1,310

71

(d),(f)

0.000%,

1/01/53

No

Opt.

Call

1,224

71

(d),(f)

0.000%,

1/01/54

No

Opt.

Call

1,143

70

(d),(f)

0.000%,

1/01/55

No

Opt.

Call

1,065

69

(d),(f)

0.000%,

1/01/56

No

Opt.

Call

999

68

(d),(f)

0.000%,

1/01/57

No

Opt.

Call

934

67

(d),(f)

0.000%,

1/01/58

No

Opt.

Call

870

67

(d),(f)

0.000%,

1/01/59

No

Opt.

Call

821

67

(d),(f)

0.000%,

1/01/60

No

Opt.

Call

765

66

(d),(f)

0.000%,

1/01/61

No

Opt.

Call

710

65

(d),(f)

0.000%,

1/01/62

No

Opt.

Call

666

64

(d),(f)

0.000%,

1/01/63

No

Opt.

Call

623

64

(d),(f)

0.000%,

1/01/64

No

Opt.

Call

588

63

(d),(f)

0.000%,

1/01/65

No

Opt.

Call

548

62

(d),(f)

0.000%,

1/01/66

No

Opt.

Call

499

808

(d),(f)

0.000%,

1/01/67

No

Opt.

Call

5,889

500

(d)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Corvian

Community

School,

North

Carolina

Series

2023A,

6.250%,

6/15/48

6/33

at

100.00

504,101

1,200

Public

Finance

Authority

of

Wisconsin,

Exempt

Facilities

Revenue

Bonds,

National

Gypsum

Company

Project,

Refunding

Series

2016,

4.000%,

8/01/35,

(AMT)

8/26

at

100.00

1,070,894

1,690

(d),(f)

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

Grant

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017A,

6.250%,

8/01/27

No

Opt.

Call

1,318,200

1,350

(d)

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

PILOT

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017,

7.000%,

12/01/50

12/27

at

100.00

1,306,492

160

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Prime

Healthcare

Foundation,

Inc.,

Series

2017A,

5.200%,

12/01/37

12/27

at

100.00

161,691

2,905

Public

Finance

Authority

of

Wisconsin,

Student

Housing

Revenue

Bonds,

Collegiate

Housing

Foundation

-

Cullowhee

LLC

-

Western

California

University

Project,

Series

2015A,

5.000%,

7/01/35

7/25

at

100.00

2,880,819

Nuveen

Municipal

Credit

Income

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

98

NZF

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Wisconsin

(continued)

$

1,000

Public

Finance

Authority,

Wisconsin,

Exempt

Facilities

Revenue

Bonds,

Celanese

Project,

Refunding

Series

2016C,

4.300%,

11/01/30

5/26

at

100.00

$

977,819

1,000

Wisconsin

Center

District,

Dedicated

Tax

Revenue

Bonds,

Refunding

Senior

Series

2003A,

0.000%,

12/15/31

No

Opt.

Call

745,708

Wisconsin

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Mercy

Alliance,

Inc.,

Series

2012

:

2,105

5.000%,

6/01/32

5/24

at

100.00

2,106,028

2,500

5.000%,

6/01/39

5/24

at

100.00

2,500,572

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Ascension

Health

Alliance

Senior

Credit

Group,

Series

2016A

:

12,650

5.000%,

11/15/39

5/26

at

100.00

12,859,330

13,080

4.000%,

11/15/46

5/26

at

100.00

12,313,492

1,120

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Dickson

Hollow

Project.

Series

2014,

5.250%,

10/01/39

5/24

at

101.00

1,045,829

4,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

ProHealth

Care,

Inc.

Obligated

Group,

Refunding

Series

2015,

5.000%,

8/15/39

8/24

at

100.00

4,002,763

Total

Wisconsin

57,632,056

Total

Municipal

Bonds

(cost

$4,078,909,530)

4,157,429,090

Shares

Description

(a)

Value

X

–

COMMON

STOCKS

-

3

.7

%

(

2

.3

%

of

Total

Investments)

X

96,119,420

Utilities

-

3.7%

(2.3%

of

Total

Investments)

43,297

(g),(j),(k)

Vistra

Vision

$

96,119,420

Total

Utilities

96,119,420

Total

Common

Stocks

(cost

$43,090,879)

96,119,420

Total

Long-Term

Investments

(cost

$4,122,000,409)

4,253,548,510

Floating

Rate

Obligations

-

(14.5)%

(

379,165,000

)

MFP

Shares,

Net

-

(24.4)%(l)

(

640,137,836

)

VRDP

Shares,

Net-

(25.7)%(m)

(

673,652,507

)

Other

Assets

&

Liabilities,

Net

-   2.4%

62,147,233

Net

Assets

Applicable

to

Common

Shares

-

100%

$

2,622,740,400

(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)

Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

inverse

floating

rate

transactions.

(d)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$378,006,348

or

8.9%

of

Total

Investments.

(e)

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.

(f)

Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(g)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

(h)

Variable

rate

security.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(i)

Step-up

coupon

bond,

a

bond

with

a

coupon

that

increases

("steps

up"),

usually

at

regular

intervals,

while

the

bond

is

outstanding.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(j)

On

March

1,

2024,

Vistra

Corp.

(“Vistra”)

completed

its

acquisition

of

Energy

Harbor

Corp

(“ENGH”).  ENGH

has

been

merged

into

a

newly

formed

subsidiary

of

Vistra,

Vistra

Vision.  In

connection

with

the

transaction,

holders

of

ENGH

common

stock

received

a

combination

of

cash

and

membership

interests

in

Vistra

Vision.  

These

Vistra

Vision

interests

were

issued

in

a

private

transaction

and

may

have

reduced

secondary

market

liquidity.

(k)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(l)

MFP

Shares,

Net

as

a

percentage

of

Total

Investments

is

15.0%.

99

(m)

VRDP

Shares,

Net

as

a

percentage

of

Total

Investments

is

15.8%.

AMT

Alternative

Minimum

Tax

ETM

Escrowed

to

maturity

IF

Inverse

floating

rate

security

issued

by

a

tender

option

bond

(“TOB”)

trust,

the

interest

rate

on

which

varies

inversely

with

the

Securities

Industry

Financial

Markets

Association

(SIFMA)

short-term

rate,

which

resets

weekly,

or

a

similar

short-term

rate,

and

is

reduced

by

the

expenses

related

to

the

TOB

trust.

PIK

Payment-in-kind

(“PIK”)

security.  Depending

on

the

terms

of

the

security,

income

may

be

received

in

the

form

of

cash,

securities,

or

a

combination

of

both.  The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

of

the

last

PIK

payment

made

by

the

issuer

as

of

the

end

of

the

reporting

period.

TSFR

3M

CME

Term

SOFR

3

Month

UB

Underlying

bond

of

an

inverse

floating

rate

trust

reflected

as

a

financing

transaction.

WI/DD

When-issued

or

delayed

delivery

security.

See

Notes

to

Financial

Statements

100

Nuveen

Municipal

High

Income

Opportunity

Fund

Portfolio

of

Investments

April

30,

2024

(Unaudited)

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

LONG-TERM

INVESTMENTS

-

158.1% 

(99.2%

of

Total

Investments)

X

–

MUNICIPAL

BONDS

-

154.2%

(96.7%

of

Total

Investments)

X

1,874,587,329

Alabama

-

3.0%

(1.9%

of

Total

Investments)

$

183

(c),(d)

Adamsville

Solid

Waste

Disposal

Authority,

Alabama,

Solid

Waste

Disposal

Revenue

Bonds,

Big

Sky

Environmental

LLC

Project,

Refunding

Taxable

Series

2017C,

1.000%,

9/01/37

5/24

at

100.00

$

2

1,000

(c),(d)

Adamsville

Solid

Waste

Disposal

Authority,

Alabama,

Solid

Waste

Disposal

Revenue

Bonds,

Big

Sky

Environmental

LLC

Project,

Series

2017A,

6.750%,

9/01/37

9/27

at

100.00

700,000

212

(c),(d)

Adamsville

Solid

Waste

Disposal

Authority,

Alabama,

Solid

Waste

Disposal

Revenue

Bonds,

Big

Sky

Environmental

LLC

Project,

Taxable

Series

2017B,

6.750%,

9/01/37

9/27

at

100.00

148,646

2,000

(d)

Alabama

Private

Colleges

and

University

Facilities

Authority,

Limited

Obligation

Bonds,

University

of

Mobile

Project,

Series

2015A,

6.000%,

9/01/45

9/25

at

100.00

2,009,682

2,500

Birmingham-Jefferson

Civic

Center

Authority,

Alabama,

Special

Tax

Bonds,

Series

2018A,

5.000%,

7/01/48

7/28

at

100.00

2,546,786

785

Hoover

Industrial

Development

Board,

Alabama,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Proejcet,

Green

Series

2020,

6.375%,

11/01/50,

(AMT),

(Mandatory

Put

11/01/30)

No

Opt.

Call

861,569

14,765

Hoover

Industrial

Development

Board,

Alabama,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Proejcet,

Series

2019,

5.750%,

10/01/49,

(AMT)

10/29

at

100.00

15,164,167

6,430

(e)

Jefferson

County,

Alabama,

Sewer

Revenue

Warrants,

Series

2024,

5.500%,

10/01/53,

(UB)

10/33

at

100.00

6,886,927

250

MidCity

Improvement

District,

Alabama,

Special

Assessment

Revenue

Bonds,

Series

2022,

4.750%,

11/01/49

11/32

at

100.00

199,092

1,875

(d)

Mobile

County,

Alabama,

Limited

Obligation

Warrants,

Gomesa

Projects,

Series

2020,

4.000%,

11/01/45

11/29

at

100.00

1,665,983

1,000

Southeast

Alabama

Gas

Supply

District,

Alabama,

Gas

Supply

Revenue

Bonds,

Project

2,

Refunding

Series

2024B,

5.000%,

6/01/49,

(Mandatory

Put

5/01/32)

2/32

at

100.17

1,042,684

Tuscaloosa

County

Industrial

Development

Authority,

Alabama,

Gulf

Opportunity

Zone

Bonds,

Hunt

Refining

Project,

Refunding

Series

2019A

:

241

(d)

4.500%,

5/01/32

5/24

at

100.00

240,710

4,450

(d)

5.250%,

5/01/44

5/29

at

100.00

4,459,673

Total

Alabama

35,925,921

Arizona

-

3.9%

(2.5%

of

Total

Investments)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,  Arizona

Christian

University

Project,

Series

2019A

:

400

(d)

5.500%,

10/01/40

10/26

at

103.00

347,593

800

(d)

5.625%,

10/01/49

10/26

at

103.00

658,739

10,000

(d)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Heritage

Academy

-

Gateway

and

Laveen

Pojects,

Series

2021B,

5.000%,

7/01/51

7/28

at

103.00

8,643,124

10,000

(d)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Heritage

Academy

-

Gateway

and

Laveen

Pojects,

Taxable

Series

2021A,

5.000%,

7/01/51

7/28

at

103.00

8,643,124

1,000

(d)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Heritage

Academy

-

Gateway

and

Laveen

Pojects,

Taxable

Series

2021C,

6.000%,

7/01/29

No

Opt.

Call

949,828

101

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Arizona

(continued)

$

5,000

(d)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Pinecrest

Academy

of

Nevada

Sloan

Canyon

Campus

Project,

Series

2020A-2,

6.150%,

9/15/53

5/24

at

105.00

$

5,159,529

2,765

(d)

Arizona

Industrial

Development

Authority,

Arizona,

Hotel

Revenue

Bonds,

Provident

Group

Falcon

Properties

LLC,

Project,

Senior

Series

2022A-1,

4.150%,

12/01/57

12/31

at

100.00

1,973,547

2,590

(d)

Arizona

Industrial

Development

Authority,

Arizona,

Hotel

Revenue

Bonds,

Provident

Group

Falcon

Properties

LLC,

Project,

Subordinate

Series

2022B,

5.750%,

12/15/57

12/31

at

100.00

1,965,277

1,000

(d)

Arizona

Industrial

Development

Authority,

Education

Facility

Revenue

Bonds,

Caurus

Academy

Project,

Series

2018A,

6.500%,

6/01/50

6/28

at

100.00

1,032,001

1,000

(d)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Gateway

Academy

Project,

Series

2019A,

5.750%,

1/01/50

1/30

at

100.00

867,820

1,000

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

1,001,393

3,000

(d)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Refunding

Series

2020,

5.000%,

7/01/49

7/26

at

103.00

2,701,085

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Series

2016

:

245

5.250%,

7/01/36

7/26

at

100.00

245,350

400

5.375%,

7/01/46

7/26

at

100.00

384,638

475

5.500%,

7/01/51

7/26

at

100.00

456,795

1,000

(d)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Series

2019,

5.875%,

7/01/51

7/26

at

103.00

1,002,340

310

(d)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Synergy

Public

Charter

School

Project,

Series

2020,

5.000%,

6/15/35

6/28

at

100.00

304,027

100

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

The

Paideia

Academies

Project,

2019,

5.125%,

7/01/39

7/25

at

100.00

94,887

7,500

(d)

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007,

5.500%,

12/01/37

No

Opt.

Call

7,736,416

2,000

(f)

Sierra

Vista

Industrial

Development

Authority,

Arizona,

Economic

Development

Revenue

Bonds,

Convertible

Capital

Appreciation

Revenue

Bonds,

Series

2021A,

0.000%,

10/01/56

10/29

at

103.00

1,501,730

1,980

(d)

Sierra

Vista

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

AmeriSchools

Academy

Project,

Series

2022,

6.000%,

6/15/57

6/29

at

103.00

1,932,572

Total

Arizona

47,601,815

Arkansas

-

0.7%

(0.4%

of

Total

Investments)

1,750

(d)

Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation,

Green

Series

2022,

5.450%,

9/01/52,

(AMT)

9/25

at

105.00

1,772,257

4,000

(d)

Arkansas

Development

Finance

Authority,

Industrial

Development

Revenue

Bonds,

Big

River

Steel

Project,

Series

2019,

4.500%,

9/01/49,

(AMT)

9/26

at

103.00

3,916,842

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

102

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Arkansas

(continued)

$

2,500

(d)

Arkansas

Development

Finance

Authority,

Industrial

Development

Revenue

Bonds,

Big

River

Steel

Project,

Series

2020A,

4.750%,

9/01/49,

(AMT)

9/27

at

103.00

$

2,449,316

Total

Arkansas

8,138,415

California

-

12.8%

(8.0%

of

Total

Investments)

18,390

Alameda

Corridor

Transportation

Authority,

California,

Revenue

Bonds,

Refunding

Second

Subordinate

Lien

Series

2022C,

5.450%,

10/01/52

-

AGM

Insured

10/37

at

100.00

9,741,542

Alameda

Corridor

Transportation

Authority,

California,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2022B

:

4,000

5.300%,

10/01/47

10/37

at

100.00

2,138,017

18,905

5.350%,

10/01/48

10/37

at

100.00

10,056,432

4,585

5.375%,

10/01/49

10/37

at

100.00

2,428,926

3,055

5.400%,

10/01/50

10/37

at

100.00

1,610,081

3,000

(d)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Creekwood,

Series

2021A,

4.000%,

2/01/56

8/31

at

100.00

1,976,972

2,000

(d)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Exchange

at

Bayfront

Apartments,

Junior

Series

2021A-2,

4.000%,

8/01/51

8/32

at

100.00

1,008,470

1,000

(d)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Glendale

Properties,

Junior

Series

2021A-2,

4.000%,

8/01/47

8/31

at

100.00

796,147

4,590

(d)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Mira

Vista

Hills  Apartments,

Series

2021A,

4.000%,

2/01/56

8/31

at

100.00

3,195,359

1,000

(d)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Serenity

at

Larkspur

Apartments,

Series

2020A,

5.000%,

2/01/50

2/30

at

100.00

699,332

5,000

(d)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Stoneridge

Apartments,

Series

2021A,

4.000%,

2/01/56

2/31

at

100.00

3,931,431

2,000

(d)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Summit

at

Sausalito

Apartments,

Series

2021A-2,

4.000%,

2/01/50

8/32

at

100.00

1,478,686

9,155

(d)

California

Community

Housing

Agency,

Workforce

Housing

Revenue

Bonds,

Annadel

Apartments,

Series

2019A,

5.000%,

4/01/49

4/29

at

100.00

7,570,947

500

(d)

California

Enterprise

Development

Authority,

Charter

School

Revenue

Bonds,

Norton

Science

&

Language

Academy

Project,

Series

2021,

4.000%,

7/01/61

7/27

at

100.00

373,596

2,230

(d)

California

Enterprise

Development

Authority,

Charter

School

Revenue

Bonds,

Norton

Science

and

Language

Academy

Project,

Series

2020,

6.250%,

7/01/58

7/27

at

102.00

2,301,067

10,450

(e)

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

Cedars-

Sinai

Health

System,

Series

2021A,

4.000%,

8/15/48

8/31

at

100.00

10,180,270

1,020

California

Municipal

Finance

Authority,

Mobile

Home

Park

Revenue

Bonds,

Caritas

Affordable

Housing

Inc

Projects,

Series

2014B,

5.875%,

8/15/49

8/24

at

100.00

1,021,024

500

(d)

California

Municipal

Finance

Authority,

Revenue

Bonds,

California

Baptist

University,

Series

2016A,

5.000%,

11/01/36

11/26

at

100.00

503,144

2,165

California

Municipal

Finance

Authority,

Special

Tax

Revenue

Bonds,

Community

Facilities

District

2020-6,

County

of

Placer-PV400,

Series

2022,

5.250%,

9/01/52

9/29

at

103.00

2,170,265

1,130

California

Municipal

Financing

Authority,

Certificates

of

Participation,

Palomar

Health,

Series

2022A,

5.250%,

11/01/52

-

AGM

Insured

11/32

at

100.00

1,196,455

103

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

400

(c),(d)

California

Pollution

Contol

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Aemerge

Redpak

Services

Southern

California,

LLC

Project,

Subordinate

Series

2017,

8.000%,

12/01/27,

(AMT)

No

Opt.

Call

$

29,280

1,000

(d)

California

Public

Finance

Authority,

Charter

School

Lease

Revenue

Bonds,

California

Crosspoint

Academy

Project,

Series

2020A,

5.125%,

7/01/55

7/28

at

100.00

838,027

1,000

(d)

California

School

Finance

Authority,

California,

Charter

School

Revenue

Bonds,

Alta

Public

Schools

-

Obligated

Group,

Series

2020A,

6.000%,

6/01/59

6/28

at

102.00

960,446

1,000

(d)

California

School

Finance

Authority,

California,

Charter

School

Revenue

Bonds,

Girls

Athletic

Leadership

School

Los

Angeles

Project,

Series

2021A,

4.000%,

6/01/61

6/31

at

100.00

691,694

1,000

(d)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Arts

in

Action

Charter

Schools

-

Obligated

Group,

Series

2020A,

5.000%,

6/01/40

6/27

at

100.00

788,333

4,000

(d)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Russell

Westbrook

Academy

Obligated

Group,

Series

2021A,

4.000%,

6/01/61

6/27

at

100.00

2,784,303

1,000

(d)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Scholarship

Prep

Public

Schools

Obligated

Group,

Series

2020A,

5.000%,

6/01/60

6/28

at

100.00

859,538

1,600

(d)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Scholarship

Prep

Public

Schools

Obligated

Group,

Series

2023A,

6.000%,

6/01/63

6/31

at

100.00

1,599,904

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2014A

:

800

5.250%,

12/01/44

12/24

at

100.00

802,311

1,000

5.500%,

12/01/54

12/24

at

100.00

1,003,107

9,030

(d)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A,

5.250%,

12/01/56

6/26

at

100.00

9,073,258

500

(d)

California

Statewide

Communities

Development

Authority,

Revenue

Bonds,

Lancer

Educational

Student

Housing

Project,

Refunding

Series

2016A,

5.000%,

6/01/46

6/26

at

100.00

492,098

765

California

Statewide

Communities

Development

Authority,

Statewide

Community

Infrastructure

Program

Revenue

Bonds,

Series

2011A,

8.000%,

9/02/41

5/24

at

100.00

729,936

16

(c),(g)

California

Statewide

Community

Development

Authority,

Revenue

Bonds,

Daughters

of

Charity

Health

System,

Series

2005A,

5.500%,

7/01/39

1/22

at

100.00

15,926

1,300

(d)

CMFA

Special

Finance

Agency

I,

California,

Essential

Housing

Revenue

Bonds,

The

Mix

at

Center

City,

Subordinate

Series

2021B,

8.000%,

4/01/56

4/31

at

100.00

981,732

1,750

(d)

CMFA

Special

Finance

Agency

VII,

California,

Essential

Housing

Revenue

Bonds,

Senior

Lien

Series

2021A-1,

3.000%,

8/01/56

8/31

at

100.00

1,165,186

2,000

(d)

CMFA

Special

Finance

Agency,

California,

Essential

Housing

Revenue

Bonds,

Latitude

33,

Senior

Series

2021A-2,

4.000%,

12/01/45

12/31

at

100.00

1,612,760

300

Corona,

California,

Special

Tax

Bonds,

Community

Facilities

District

2018-

2

Sierra

Bella,

Series

2022A,

5.000%,

9/01/42

9/29

at

103.00

311,533

1,000

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Acacia

on

Santa

Rosa

Creek,

Mezzanine

Lien

Series

2021B,

4.000%,

10/01/46

10/31

at

100.00

777,869

25,385

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Altana

Glendale,

Series

2021A-2,

4.000%,

10/01/56

10/31

at

100.00

19,341,806

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

104

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

2,000

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Dublin

Mezzanine

Lien

Series

2021B,

4.000%,

2/01/57

2/32

at

100.00

$

1,442,496

1,000

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Moda

at

Monrovia

Station,

Social

Series

2021A-2,

4.000%,

10/01/56

10/31

at

100.00

723,457

2,000

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Monterrey

Station

Apartments,

Series

2021B,

4.000%,

7/01/58

7/32

at

100.00

1,347,165

4,250

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Pasadena

Portfolio

Social

Bond,

Mezzanine

Senior

Series

2021B,

4.000%,

12/01/56

12/31

at

100.00

3,101,489

2,000

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Westgate

Phase

1-Pasadena

Apartments,

Mezzanine

Lien

Series

2021B,

4.000%,

6/01/57

6/31

at

100.00

1,208,416

535

(d)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Westgate

Phase

1-Pasadena

Apartments,

Senior

Lien

Series

2021A-2,

3.125%,

6/01/57

6/31

at

100.00

313,357

5,000

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Wood

Creek

Apartments,

Mezzanine

Lien

Series

2021A-

2,

4.000%,

12/01/58

6/32

at

100.00

3,704,212

2,145

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Wood

Creek

Apartments,

Mezzanine

Lien

Series

2021B,

4.000%,

12/01/59

6/32

at

100.00

1,361,354

3,430

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Wood

Creek

Apartments,

Senior

Lien

Series

2021A-1,

3.000%,

12/01/49

6/32

at

100.00

2,331,908

1,690

Daly

City

Housing

Development

Finance

Agency,

California,

Mobile

Home

Park

Revenue

Bonds,

Franciscan

Mobile

Home

Park

Project,

Refunding

Third

Tier

Series

2007C,

6.500%,

12/15/47

5/24

at

100.00

1,683,777

2,000

Daly

City

Housing

Development

Finance

Agency,

California,

Mobile

Home

Park

Revenue

Bonds,

Franciscan

Mobile

Home

Park,

Refunding

Series

2007A,

5.000%,

12/15/37

5/24

at

100.00

2,001,622

8,855

Golden

State

Tobacco

Securitization

Corporation,

California,

Tobacco

Settlement

Asset-Backed

Bonds,

Capital

Appreciation

Series

2021B-2,

0.000%,

6/01/66

12/31

at

27.75

899,162

390

Lee

Lake

Public

Financing

Authority,

California,

Junior

Lien

Revenue

Bonds,

Series

2013B,

5.250%,

9/01/32

5/24

at

100.00

390,433

1,000

Los

Angeles

County

Community

Facilities

District

2021-01,

California,

Special

Tax

Bond,

Valencia-Facilities

Improvement

Area

1,

Series

2022,

5.000%,

9/01/52

9/29

at

103.00

998,049

535

Menifee

Union

School

District,

Riverside

County,

California,

Special

Tax

Bonds,

Community

Facilities

District

2011-1,

Improvement

Area

6,

Series

2021,

4.000%,

9/01/50

9/28

at

103.00

459,829

1,640

Oroville,

California,

Revenue

Bonds,

Oroville

Hospital

Series

2019,

5.250%,

4/01/54

4/29

at

100.00

1,120,696

Sacramento

City

Financing

Authority

California,

Lease

Revenue

Bonds,

Master

Lease

Program

Facilities

Projects,

Tender

Option

Bond

Trust

2016-XG0100

:

750

(d),(e)

8.093%,

12/01/30

-

AMBAC

Insured,

(IF)

No

Opt.

Call

1,128,246

2,015

(d),(e)

8.417%,

12/01/33

-

AMBAC

Insured,

(IF)

No

Opt.

Call

3,357,895

10,000

(e)

San

Francisco

Airports

Commission,

California,

Revenue

Bonds,

San

Francisco

International

Airport,

Second

Series

2018D,

5.000%,

5/01/43,

(AMT),

(UB)

5/28

at

100.00

10,187,624

105

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

4,095

(d)

San

Francisco

City

and

County

Redevelopment

Agency

Successor

Agency,

California,

Tax

Allocation

Bonds,

Mission

Bay

South

Redevelopment

Project,

Subordinate

Series

2016D,

0.000%,

8/01/31

5/24

at

70.81

$

2,889,564

1,055

(d)

Temecula

Public

Financing

Authority,

California,

Special

Tax

Bonds,

Community

Facilities

District

16-01,

Series

2017,

6.250%,

9/01/47

9/27

at

100.00

1,096,752

5,000

(e)

University

of

California

Regents,

Medical

Center

Pooled

Revenue

Bonds,

Series

2022P,

4.000%,

5/15/53,

(UB)

5/32

at

100.00

4,912,763

Total

California

155,897,476

Colorado

-

14.4%

(9.0%

of

Total

Investments)

830

Antelope

Heights

Metropolitan

District,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Junior

Lien

Series

Series

2021B,

5.500%,

12/15/37

9/26

at

103.00

744,870

1,089

Aspen

Street

Metropolitan

District,

Broomfield

County

and

City,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021A-3,

5.125%,

12/01/50

6/26

at

103.00

872,160

12,000

Aurora

Highlands

Community

Authority

Board,

Adams

County,

Colorado,

Special

Tax

Revenue

Bonds,

Refunding

&

Improvement

Series

2021A,

5.750%,

12/01/51

12/28

at

103.00

10,763,952

500

Aviation

Station

North

Metropolitan

District

2,

Denver

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Subordinate

Series

2019B,

7.750%,

12/15/48

9/24

at

103.00

461,421

1,500

Belford

North

Metropolitan

District,

Douglas

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020A,

5.500%,

12/01/50

12/25

at

103.00

1,338,342

1,000

Bennett

Ranch

Metropolitan

District

1,

Adams

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Tax

Series

2021A,

5.000%,

12/01/51

3/26

at

103.00

859,429

500

Berthoud-Heritage

Metropolitan

District

10,

Larimer

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Senior

Series

2022A,

4.750%,

12/01/52

12/26

at

103.00

402,658

2,000

Bradley

Heights

Metropolitan

District

2,

Colorado

Springs,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2021A-3,

4.750%,

12/01/51

9/26

at

103.00

1,495,676

1,000

Broadway

Station

Metropolitan

District

3,

Denver

City

and

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Series

2019A,

5.000%,

12/01/49

6/24

at

103.00

776,183

3,000

Canyons

Metropolitan

District

5,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Junior

Subordinate

Series

2016,

7.000%,

12/15/57

5/24

at

100.00

2,070,697

500

Centerra

Metropolitan

District

1,

Loveland,

Colorado,

Special

Revenue

Improvement

Bonds,

Series

2022,

6.500%,

12/01/53

12/27

at

103.00

505,442

460

Cherry

Creek

Corporate

Center

Metropolitan

District,

Arapahoe

County,

Colorado,

Revenue

Bonds,

Refunding

Subordinate

Lien

Series

2016B,

8.000%,

6/15/37

5/24

at

101.00

442,308

600

Clear

Creek

Transit

Metropolitan

District

2,

Adams

County,

Colorado,

Revenue

Supported

Limited

Tax

General

Obligation

Bonds,

Series

2021A,

5.000%,

12/01/41

12/26

at

103.00

527,886

500

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Community

Leadership

Academy

Project,

Series

2008,

6.250%,

7/01/28

5/24

at

100.00

500,634

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

New

Summit

Charter

Academy

Project,

Series

2021A

:

100

(d)

4.000%,

7/01/41

7/31

at

100.00

83,763

100

(d)

4.000%,

7/01/51

7/31

at

100.00

75,637

1,225

(d)

4.000%,

7/01/61

7/31

at

100.00

877,293

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

106

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

560

(d)

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Skyview

Academy

Project,

Series

2014,

5.375%,

7/01/44

7/24

at

100.00

$

560,009

720

(d)

Colorado

Educational

and

Cultural

Facilities

Authority,

Revenue

Bonds,

Global

Village

Academy

-

Northglenn

Project,

Series

2020,

5.000%,

12/01/55

12/30

at

100.00

590,659

2,500

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

American

Baptist

Homes

of

the

Midwest

Obligated

Group,

Series

2013,

8.000%,

8/01/43

5/24

at

100.00

2,477,736

1,000

(d)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

American

Baptist

Homes

Project,

Series

2016,

6.125%,

2/01/46

2/26

at

100.00

836,700

3,144

Colorado

International

Center

Metropolitan

District

8,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020,

6.500%,

12/01/50

9/25

at

103.00

2,880,041

500

Conestoga

Metropolitan

District

2,

Ault,

Weld

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2021A-3,

5.250%,

12/01/51

9/26

at

103.00

441,092

500

Copperleaf

Metropolitan

District

3,

Arapahoe

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Subordinate

Series

2021B,

5.500%,

12/15/36

9/26

at

103.00

451,676

Copperleaf

Metropolitan

District

4,

Arapahoe

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

to

Unlimited

Tax

Series

2020A

:

775

5.000%,

12/01/39

3/25

at

103.00

745,619

750

5.000%,

12/01/49

3/25

at

103.00

678,872

1,000

Crowfoot

Valley

Ranch

Metropolitan

District

No.

2,  Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2018A,

5.625%,

12/01/38

5/24

at

103.00

972,165

5,000

(e)

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Subordinate

Lien

Series

2018A,

5.250%,

12/01/48,

(AMT),

(UB)

12/28

at

100.00

5,118,052

1,500

Denver

Gateway

Center

Metropolitan

District,

In

the

City

and

County

of

Denver,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2018A,

5.625%,

12/01/48

5/24

at

103.00

1,459,064

1,030

E-86

Metropolitan

District,

Elizabeth,

Elbert

County,

Colorado,

General

Obligation

Limited

Tax

Cash

Flow

Bonds,

Series

2021A-3,

5.125%,

12/01/51

6/26

at

103.00

848,471

2,000

(d)

Elbert

and

Highway

86

Commercial

Metropolitan

District,

Elbert

County,

Colorado,

Special

Revenue

and

Tax

Supported

Bonds,

Refunding

&

Improvement

Senior

Series

2021A,

5.000%,

12/01/51

6/26

at

103.00

1,738,071

960

Erie

Urban

Renewal

Authority,

Colorado,

Tax

Increment

Revenue

Bonds,

Series

2021,

4.000%,

12/01/38

9/26

at

103.00

792,142

4,150

(d)

Falcon

Area

Water

and

Wastewater

Authority

(El

Paso

County,

Colorado),

Tap

Fee

Revenue

Bonds,

Series

2022A,

6.750%,

12/01/34

9/27

at

103.00

4,088,035

3,080

Foothills

Metropolitan

District,

Fort

Collins,

Colorado,

Special

Revenue

Bonds,

Series

2014,

6.000%,

12/01/38

12/24

at

100.00

2,910,655

1,000

Four

Corners

Business

Improvement

District,

Erie,

Boulder

County,

Colorado,

Limited

Tax

Supported

Revenue

Bonds,

Series

2022,

6.000%,

12/01/52

9/27

at

103.00

917,950

Fourth

North

Business

Improvement

District,

Silverthorne,

Summit

County,

Colorado,

Special

Revenue

and

Tax

Supported

Bonds,

Refunding

&

Improvement

Senior

Series

2022A

:

8,380

5.500%,

12/01/42

12/30

at

102.00

8,248,247

1,000

5.750%,

12/01/52

12/30

at

102.00

973,399

2,260

Fourth

North

Business

Improvement

District,

Silverthorne,

Summit

County,

Colorado,

Special

Revenue

and

Tax

Supported

Bonds,

Subordinate

Series

2022B,

8.125%,

12/15/52

12/30

at

102.00

2,255,833

107

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

Future

Legends

Sports

Park

Business

Improvement

District,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2022A

and

Subordinate

Limited

Tax

General

Obligation

Bonds,

Series

2022B

:

$

3,000

6.000%,

12/01/52

9/27

at

103.00

$

2,914,396

1,000

8.500%,

12/15/52

9/27

at

103.00

982,928

3,000

(d)

Future

Legends

Sports

Park

Metropolitan

District

2,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.500%,

6/01/50

6/25

at

103.00

2,580,761

500

(d)

Glen

Metropolitan

District

3,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2021,

4.250%,

12/01/51

12/26

at

103.00

368,020

Grand

Junction

Dos

Rios

General

Improvement

District,

Grand

Junction,

Mesa

County,

Colorado,

Special

Revenue

Bonds,

Series

2021

:

500

4.500%,

12/01/41

12/26

at

103.00

407,630

500

4.750%,

12/01/51

12/26

at

103.00

385,056

Grandview

Reserve

Metropolitan

District,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Senior

Bonds,

Series

2022A

and

Limited

Tax

General

Obligation

Subordinate

Bonds,

Series

2022B(3)

:

750

6.250%,

12/01/52

9/27

at

103.00

707,761

1,000

9.000%,

12/15/52

9/27

at

103.00

965,962

2,000

Heritage

Todd

Creek

Metropolitan

District,

Colorado,

General

Obligation

Bonds

Limited

Tax,

Refunding

&

Improvement

Series

2015,

6.125%,

12/01/44

12/24

at

100.00

2,002,425

540

Highlands

Metropolitan

District

1,

Broomfield

City  and

County,

colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

to

Unlimited

Tax

Series

2021,

5.000%,

12/01/41

3/26

at

103.00

472,461

810

Jefferson

Center

Metropolitan

District

1,

Arvada,

Jefferson

County,

Colorado,

Special

Revenue

Bonds,

Subordinate

Series

2020B,

5.750%,

12/15/50

5/24

at

103.00

809,786

1,700

Jones

District

Community

Authority

Board,

Centennial,

Colorado,

Special

Revenue

Convertible

Capital

Appreciaiton

Bonds,

Series

2020A,

5.750%,

12/01/50

12/25

at

103.00

1,510,856

1,000

Kinston

Metropolitan

District

5,

Loveland,

Larimer

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.125%,

12/01/50

12/25

at

103.00

956,800

1,000

(d)

Kremmling

Memorial

Hospital

District,

Colorado,

Certificates

of

Participation,

Series

2024,

6.625%,

12/01/56

12/31

at

103.00

938,418

4,500

Lakes

at

Centerra

Metropolitan

District

2,

Loveland,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2018A,

5.250%,

12/01/47

7/24

at

103.00

4,646,436

500

Lanterns

Metropolitan

District

1,

Castle

Rock,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2019A,

5.000%,

12/01/49

9/24

at

103.00

464,625

500

Lanterns

Metropolitan

District

2,

Castle

Rock,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021A-3,

4.500%,

12/01/50

9/26

at

103.00

363,783

5,000

(d)

Ledge

Rock

Center

Commercial

Metropolitan

District

(In

the

Town

of

Johnstown,

Weld

County,

Colorado),

Limited

Tax

General

Obligation

Bonds,

Series

2022,

7.375%,

11/01/52

11/29

at

103.00

4,983,730

Mayberry

Community

Authority,

Colorado

Springs,

El

Paso

County,

Colorado,

Special

Revenue

Bonds,

Series

2021A

:

500

5.000%,

12/01/41

6/26

at

103.00

457,508

500

5.000%,

4/15/51

6/26

at

103.00

428,748

1,000

Meadowbrook

Heights

Metropolitan

District,

Jefferson

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2021A(3),

4.875%,

12/01/51

9/26

at

103.00

801,779

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

108

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

500

Murphy

Creek

Metropolitan

District

5

(In

the

City

of

Aurora,

Arapahoe

County,

Colorado),

General

Obligation

Limited

Tax

Bonds,

Series

2022A

and

Subordinate

General

Obligation

Limited

Tax

Bonds,

Series

2022B(3),

6.000%,

12/01/52

9/27

at

103.00

$

487,689

500

North

Pine

Vistas

Metropolitan

District

3,

Castle

Pines,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Subordinate

Series

2021B,

4.625%,

12/15/51

-

AGM

Insured

12/26

at

103.00

427,145

2,000

North

Range

Metropolitan

District

3,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-3,

5.250%,

12/01/50

12/25

at

103.00

1,905,361

1,535

North

Vista

Highlands

Metropolitan

District

3,

Pueblo

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020,

5.125%,

12/01/49

3/25

at

103.00

1,409,283

1,000

Northfield

Metropolitan

District

2,

Fort

Collins,

Larimer

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.000%,

12/01/50

12/25

at

103.00

871,043

1,500

Overlook

Park

Metropolitan

District,

Routt

County,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Senior

Series

2023A,

7.250%,

12/01/53

6/28

at

103.00

1,499,062

6,555

Painted

Prairie

Public

Improvement

Authority,

Aurora,

Colorado,

Special

Revenue

Bonds,

Series

2019,

5.000%,

12/01/49

12/24

at

103.00

5,757,840

500

Palisade

Park

West

Metropolitan

District,

Broomfield

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

to

Unlimited

Tax,

Series

2019A,

5.125%,

12/01/49

6/24

at

103.00

462,197

500

(d)

Parkdale

Community

Authority,

Erie

County,

Colorado,

Limited

Tax

Supported

Convertible

Capital

Appreciation

Revenue

Bonds,

District

2,

Series

2024A,

7.750%,

12/01/53

3/29

at

103.00

363,935

500

Parkdale

Community

Authority,

Erie,

Colorado,

Limited

Tax

Supported

Revenue

Bonds,

District

1,

Series

2020A,

5.250%,

12/01/50

9/25

at

103.00

448,404

1,500

(d)

Peak

Metropolitan

District

1,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021A,

5.000%,

12/01/51

3/26

at

103.00

1,242,235

9,300

Peak

Metropolitan

District

3,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Convertible

Capital

Appreciation

Bonds,

Series

2022A-2,

8.000%,

12/01/52

12/27

at

81.40

5,360,789

4,686

Pioneer

Community

Authority

Board

(Weld

County,

Colorado),

Special

Revenue

Bonds,

Series

2022,

6.500%,

12/01/34

6/29

at

103.00

4,490,168

500

(d)

Prairie

Corner

Metropolitan

District,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021,

4.875%,

12/01/51

12/26

at

103.00

391,919

1,000

(d)

Prairie

Song

Metropolitan

District

4,

Windsor,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021,

6.000%,

12/01/51

12/28

at

103.00

882,677

1,000

(d)

Pueblo

Urban

Renewal

Authority,

Colorado,

Tax

Increment

Revenue

Bonds,

EVRAZ

Project,

Series

2021A,

4.750%,

12/01/45

12/30

at

100.00

668,355

1,000

Raindance

Metropolitan

District

1,

Acting

by

and

through

its

Water

Activity

Enterprise

In

the

Town

of

Windsor,

Weld

County,

Colorado,

Non-Potable

Water

Enterprise

Revenue

Bonds,

Series

2020,

5.250%,

12/01/50

12/25

at

103.00

954,009

1,000

Rampart

Range

Metropolitan

District

5,

Lone

Tree,

Douglas

County,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Series

2021,

4.000%,

12/01/51

10/26

at

102.00

740,066

2,000

Reagan

Ranch

Metropolitan

District

1,

Colorado

Springs,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Series

2021-3,

5.375%,

12/01/51

12/26

at

103.00

1,690,709

720

Reunion

Metropolitan

District,

Acting

By

and

Through

its

Water

Activity

Enterprise,  Adams

County,

Colorado,

Special

Revenue

Bonds,

Series

2021,

3.625%,

12/01/44

6/26

at

103.00

534,925

500

Ritoro

Metropolitan

District

In

the

Town

of

Elizabeth,

Elbert

County,

Colorado,

Limited

Tax

,

Convertible

to

Unlimited

Tax,

General

Obligation

Bonds,

Series

2019A,

5.000%,

12/01/49

6/24

at

103.00

462,051

109

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

500

Riverdale

Ranch

Metropolitan

District,

Thornton

City,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

to

Unlimited

Tax

Series

2019A,

5.000%,

12/01/49

9/24

at

103.00

$

453,828

570

Riverview

Metropolitan

District,

Steamboat

Springs,

Routt

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Tax

Refunding

Series

2021,

5.000%,

12/01/51

6/26

at

103.00

488,519

1,000

Riverwalk

Metropolitan

District

2,

Glendale,

Arapahoe

County,

Colorado,

Special

Revenue

Bonds,

Series

2022A,

5.000%,

12/01/52

3/27

at

103.00

863,538

2,000

RRC

Metropolitan

District

2,

Jefferson

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021,

5.250%,

12/01/51

12/26

at

103.00

1,683,586

2,000

Sagebrush

Farm

Metropolitan

District

1,

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2022A,

6.750%,

12/01/52

12/29

at

103.00

1,973,874

Siena

Lake

Metropolitan

District,

Gypsum,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2021

:

2,515

3.750%,

12/01/41

9/26

at

103.00

1,926,233

2,000

4.000%,

12/01/51

9/26

at

103.00

1,427,267

1,025

Silver

Leaf

Metropolitan

District,

Jefferson

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2021A-3,

5.250%,

12/01/50

6/26

at

103.00

874,246

1,000

South

Aurora

Regional

Improvement

Authority,

Aurora,

Colorado,

Special

Revenue

Bonds,

Series

2018,

6.250%,

12/01/57

5/24

at

103.00

948,523

5,000

Sterling

Ranch

Community

Authority

Board,

Douglas

County,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Special

District

3,

Series

2022,

6.750%,

12/01/53

12/27

at

103.00

5,197,194

1,000

Sterling

Ranch

Community

Authority

Board,

Douglas

County,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Special

District

4,

Series

2024A,

6.500%,

12/01/54

No

Opt.

Call

1,017,352

2,790

Sterling

Ranch

Metropolitan

District

1,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020,

5.125%,

12/01/50

12/25

at

103.00

2,493,376

3,000

(c)

Stone

Ridge

Metropolitan

District

2,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Convertible

to

Unlimited,

Series

2007,

7.250%,

12/01/31

5/24

at

100.00

480,000

685

Three

Springs

Metropolitan

District

1,

Durango,

La

Plata

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

Subordinate

Series

2020B,

7.125%,

12/15/50

12/25

at

103.00

616,921

1,000

Trails

at

Crowfoot

Metropolitan

District

3,

Parker,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2019A,

5.000%,

12/01/39

9/24

at

103.00

978,614

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Series

2021A-1

:

1,000

5.000%,

12/01/41

3/26

at

103.00

846,394

3,000

5.000%,

12/01/51

3/26

at

103.00

2,370,354

1,000

(d)

Tree

Farm

Metropolitan

District,

Eagle

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2021,

4.750%,

12/01/50

12/26

at

103.00

855,670

1,000

Velocity

Metropolitan

District

3,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2019,

5.375%,

12/01/39

5/24

at

103.00

970,540

1,500

Velocity

Metropolitan

District

5,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

Capital

Appreciation

Series

2020A-2,

6.000%,

12/01/50

5/24

at

83.61

1,060,352

1,570

Velocity

Metropolitan

District

5,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-1,

5.375%,

12/01/50

5/24

at

103.00

1,443,520

1,000

Verve

Metropolitan

District

1,

Jefferson

County

and

the

City

and

County

of

Broomfield,

Colorado,

General

Obligation

Bonds,

Refunding

and

Improvement

Limited

Tax

Series

2021,

5.000%,

12/01/51

3/26

at

103.00

749,831

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

110

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

500

Village

East

Community

Metropolitan

District,

Frederick,

Weld

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.250%,

12/01/50

9/25

at

103.00

$

452,068

1,100

Village

Metropolitan

District

In

the

Town

of

Avon,

Eagle

County,

Colorado,

Special

Revenue

and

Limited

Property

Tax

Bonds,

Refunding

&

Improvement

Series

2020,

5.000%,

12/01/40

12/25

at

103.00

1,066,234

3,000

Villages

at

Johnstown

Metropolitan

District

7,

Johnstown,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2022A(3),

6.250%,

12/01/52

6/27

at

103.00

3,012,698

1,000

Waterfront

at

Foster

Lake

Metropolitan

District

2,

Weld

County,

Colorado,

Special

Revenue

Bonds,

Series

2022,

4.625%,

12/01/28

No

Opt.

Call

930,303

750

Waterview

II

Metropolitan

District,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2022A,

5.000%,

12/01/41

3/27

at

103.00

676,292

1,500

West

Globeville

Metropolitan

District

1,

Denver,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2022,

6.750%,

12/01/52

12/29

at

103.00

1,407,516

1,000

Westgate

Metropolitan

District,

Colorado

Springs,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2022,

5.125%,

12/01/51

3/27

at

103.00

820,889

2,000

(d)

Westwood

Metropolitan

District,

Thornton,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Senior

Series

2021A,

4.000%,

12/01/51

9/26

at

103.00

1,471,483

2,390

(d)

Windler

Public

Improvement

Authority,

Aurora,

Colorado,

Limited

Tax

Supported

Revenue

Bonds,

Convertible

Capital

Appreciation

Series

2021A-2,

4.625%,

12/01/51

9/26

at

97.28

1,399,363

14,000

(d)

Windler

Public

Improvement

Authority,

Aurora,

Colorado,

Limited

Tax

Supported

Revenue

Bonds,

Series

2021A-1,

4.125%,

12/01/51

9/26

at

103.00

9,892,607

705

Windsor

Highlands

Metropolitan

District

9,

Windsor,

Larimer

County,

Colorado,

Limited

Tax

Supported

Revenue

Bonds,

Series

2019,

5.000%,

12/01/49

9/24

at

103.00

637,264

1,000

(d)

Winsome

Metropolitan

District

No.

3,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2021A,

5.125%,

12/01/50

9/26

at

103.00

828,416

798

Woodmen

Heights

Metropolitan

District

2,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Taxable

Converting

to

Tax-Exempt

Refunding

Subordinate

Series

2020B-1,

6.250%,

12/15/40

12/25

at

103.00

746,907

Total

Colorado

175,044,342

Connecticut

-

0.5%

(0.3%

of

Total

Investments)

2,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Stamford

Hospital,

Forward

Delivery

Series

2022M,

4.000%,

7/01/41

7/32

at

100.00

1,838,808

3,570

(e)

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2024A,

4.600%,

11/15/49,

(UB)

11/32

at

100.00

3,542,370

410

Steel

Point

Infrastructure

Improvement

District,

Connecticut,

Special

Obligation

Revenue

Bonds,

Steelpointe

Harbor

Project,

Series

2021,

4.000%,

4/01/51

4/30

at

100.00

322,642

Total

Connecticut

5,703,820

Delaware

-

0.2%

(0.1%

of

Total

Investments)

2,500

(d),(h)

Delaware

Economic

Development

Authority,

Revenue

Bonds,

Odyssey

Charter

School

Inc.

Project,

Series

2015A,

7.000%,

9/01/45,

(Pre-refunded

3/03/25)

3/25

at

100.00

2,565,297

Total

Delaware

2,565,297

District

of

Columbia

-

2.6%

(1.6%

of

Total

Investments)

1,996

(d)

District

of

Columbia,

Revenue

Bonds,

Saint

Paul

on

Fouth

Street,

Inc.,

Series

2019A,

5.250%,

5/15/55

5/30

at

100.00

1,690,403

111

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

District

of

Columbia

(continued)

$

1,800

(d)

District

of

Columbia,

Tax

Increment

Revenue

Bonds,

Union

Market

Infrastructure

Project,

Series

2021A,

4.250%,

6/01/46

6/28

at

100.00

$

1,201,815

5,100

(e)

Metropolitan

Washington

Airports

Authority,

District

of

Columbia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

improvement

Projects,

Refunding

&

Subordinate

Lien

Series

2019B,

4.000%,

10/01/53

-

AGM

Insured,

(UB)

10/29

at

100.00

4,737,261

20,640

(e)

Metropolitan

Washington

Airports

Authority,

District

of

Columbia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

Improvement

Projects,

Refunding

Second

Senior

Lien

Series

2022A,

4.000%,

10/01/52

-

AGM

Insured,

(UB)

10/31

at

100.00

19,464,822

4,750

Metropolitan

Washington

Airports

Authority,

District

of

Columbia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

Improvement

Projects,

Refunding

Second

Senior

Lien

Series

2022A,

4.000%,

10/01/52

-

AGM

Insured

10/31

at

100.00

4,479,550

Total

District

of

Columbia

31,573,851

Florida

-

18.0%

(11.3%

of

Total

Investments)

350

Abbott

Square

Community

Development

District,

Zephyrhills,

Florida,

Special

Assessment

Revenue

Bonds,

2022

Project

Series

2022,

5.500%,

6/15/52

6/32

at

100.00

353,163

500

Academical

Village

Community

Development

District,

Davie,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2020,

4.000%,

5/01/51

5/30

at

100.00

405,253

1,645

(c),(d)

Alachua

County

Health

Facilities

Authority,

Florida,

Health

Facilities

Revenue

Bonds,

Terraces

at

Bonita

Springs

Project,

Refunding

Series

2022A,

5.000%,

11/15/61

11/29

at

103.00

1,057,876

250

(c),(d)

Alachua

County

Health

Facilities

Authority,

Florida,

Health

Facilities

Revenue

Bonds,

Terraces

at

Bonita

Springs

Project,

Taxable

Refunding

Series

2022B,

6.500%,

11/15/33

No

Opt.

Call

210,291

1,680

Ave

Maria

Stewardship

Community

District,

Florida,

Capital

Improvement

Revenue

Bonds,

2015

Assessment

Project,

Series

2015,

5.375%,

5/01/45

5/25

at

100.00

1,683,565

2,245

Ave

Maria

Stewardship

Community

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Ave

Maria

National

Project,

Series

2021,

4.000%,

5/01/51

5/31

at

100.00

1,814,591

2,000

(d)

Ave

Maria

Stewardship

Community

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Phase

3

Master

Improvements

Project,

Series

2021,

4.000%,

5/01/52

5/32

at

100.00

1,600,646

1,000

(d)

Ave

Maria

Stewardship

Community

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Phase

4

Master

Improvement

Project,

Series

2023,

5.500%,

5/01/53

5/33

at

100.00

1,003,319

960

Avenir

Community

Development

District,

Palm

Beach

Gardens,

Florida,

Special

Assessment

Bonds,

Area

3

-

Master

Infrastructure

Project,

Series

2023,

5.625%,

5/01/54

5/33

at

100.00

967,626

1,020

(d)

Babcock

Ranch

Community

Independent

Special

District,

Charlotte

County,

Florida,

Special

Assessment

Bonds,

2021

Project

Series

2021,

4.000%,

5/01/52

5/31

at

100.00

821,313

1,100

Babcock

Ranch

Community

Independent

Special

District,

Charlotte

County,

Florida,

Special

Assessment

Bonds,

2022

Project

Series

2022,

5.000%,

5/01/53

5/32

at

100.00

1,035,128

995

Babcock

Ranch

Community

Independent

Special

District,

Charlotte

County,

Florida,

Special

Assessment

Bonds,

Series

2015,

5.250%,

11/01/46

11/25

at

100.00

996,897

1,905

Balm

Grove

Community

Development

District,

Florida,

Special

Assessment

Bonds,

2022

Project,

Series

2022,

4.125%,

11/01/51

11/32

at

100.00

1,556,895

905

Belmont

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Phase

1

Project,

Series

2013A,

6.125%,

11/01/33

No

Opt.

Call

966,243

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

112

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

1,510

Boggy

Creek

Improvement

District,

Orlando,

Florida,

Special

Assessment

Revenue

Bonds,

Refunding

Series

2013,

5.125%,

5/01/43

5/24

at

100.00

$

1,489,781

500

(d)

Buckhead

Trails

Community

Development

District,

Manatee

County

Florida,

Special

Assessment

Bonds,

2022

Project

Series

2022,

5.750%,

5/01/52

5/37

at

100.00

502,710

Capital

Trust

Agency,

Florida,

Educational

Facilities

Revenue

Bonds,

AcadeMir

Charter

Schools,

Series

2021A

:

285

(d)

4.000%,

7/01/41

7/31

at

100.00

235,661

1,070

(d)

4.000%,

7/01/51

7/31

at

100.00

799,868

1,000

(d)

Capital

Trust

Agency,

Florida,

Educational

Facilities

Revenue

Bonds,

Legends

Academy,

Series

2021A,

5.000%,

12/01/56

12/28

at

100.00

780,000

2,500

(d)

Capital

Trust

Agency,

Florida,

Educational

Facilities

Revenue

Bonds,

LLT  Academy

South

Bay

Project,

Series

2020A,

6.000%,

6/15/55

6/25

at

105.00

2,465,128

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Babcock

Neighborhood

School

Inc,

Series

2021

:

500

(d)

4.000%,

8/15/51

8/28

at

100.00

380,756

1,000

(d)

4.200%,

8/15/56

8/28

at

100.00

768,806

1,000

(d)

4.250%,

8/15/61

8/28

at

100.00

759,070

2,273

(c),(d)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Provision

CARES

Proton

Therapy

Center,

Orlando

Project,

Series

2018,

7.500%,

6/01/48

6/28

at

100.00

227,282

830

(d)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Renaissance

Charter

School

Project,

Series

2019A,

5.000%,

6/15/39

6/26

at

100.00

795,939

1,000

(c),(d)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Tuscan

Gardens

of

Palm

Coast

Project,

Series

2017A,

7.000%,

10/01/49

5/24

at

103.00

520,000

1,000

(d)

Capital

Trust

Agency,

Florida,

Senior

Living

Facilities

Revenue

Bonds,

Elim

Senior

Housing,

Inc.

Project,

Series

2017,

5.875%,

8/01/52

8/24

at

103.00

730,333

955

Celebration

Pointe

Community

Development

District

1,

Alachua

County,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2014,

5.125%,

5/01/45

5/24

at

100.00

954,990

1,000

(d)

Charlotte

County

Industrial

Development

Authority,

Florida,

Utility

System

Revenue

Bonds,

Town

&

Country

Utilities

Project,

Series

2019,

5.000%,

10/01/49,

(AMT)

10/27

at

100.00

985,522

215

(d)

Coddington

Community

Development

District,

Manatee

County,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2022,

5.750%,

5/01/42

5/32

at

100.00

222,769

1,491

(c),(d)

Collier

County

Industrial

Development

Authority,

Florida,

Continuing

Care

Community

Revenue

Bonds,

Arlington

of

Naples

Project,

Series

2014A,

7.750%,

5/15/35

5/24

at

100.00

40,267

995

(d)

Cross

Creek

North

Community

Development

District,

Clay

County,

Florida,

Special

Assessment

Bonds,

Series

2018,

5.375%,

11/01/50

11/29

at

100.00

1,004,321

1,000

(d)

Crosswinds

East

Community

Development

District,

Polk

County,

Florida,

Special

Assessment

Revenue

Bonds,

Assessment

Area

One

Series

2024,

5.750%,

5/01/54

5/34

at

100.00

995,744

1,490

Cypress

Mill

Community

Development

District,

Hillsborough

County,

Florida,

Special

Assessment

Bonds,

Assessment

Area

2,

Series

2020,

4.000%,

6/15/40

6/30

at

100.00

1,324,827

1,515

East

Nassau

Stewardship

District,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2021,

4.000%,

5/01/51

5/31

at

100.00

1,218,980

1,420

Epperson

Ranch

II

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

Two,

Series

2020,

4.375%,

5/01/51

5/31

at

100.00

1,214,416

1,245

(d)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Creative

Inspiration

Journey

School

of

St.

Cloud,

Series

2021A,

5.000%,

6/15/51

6/29

at

102.00

1,048,523

113

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

1,850

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Downtown

Doral

Charter

Elementary

School

Project,

Series

2014A,

6.500%,

7/01/44

7/24

at

100.00

$

1,851,783

1,000

(d)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Downtown

Doral

Charter

Elementary

School

Project,

Series

2017A,

5.750%,

7/01/44

7/27

at

100.00

954,038

2,000

(d)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Dreamers

Academy

Project,

Series

2022A,

6.000%,

1/15/57

1/28

at

101.00

1,527,122

565

(d)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Florida

Charter

Foundation

Inc.

Projects,

Series

2016A,

5.000%,

7/15/46

7/26

at

100.00

523,530

5,855

(d)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Imagine

School

at

Broward

Project,

Series

2021A,

4.000%,

12/15/56

12/29

at

100.00

4,344,642

1,000

(d)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Miami

Arts

Charter

School

Projects,

Series

2014,

6.000%,

6/15/44

6/24

at

100.00

1,002,100

655

(d)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Pepin

Academies

of

Pasco

County

Inc.,

Series

2020A,

5.000%,

1/01/50

1/27

at

100.00

551,676

120

(d)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School,

Inc.

Projects,

Series

2020C,

5.000%,

9/15/50

9/27

at

100.00

104,199

1,000

(d)

Florida

Development

Finance

Corporation,

Florida,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Pro

USA,

Inc.

Project,

Series

2019,

5.000%,

5/01/29,

(AMT)

5/24

at

103.00

998,687

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024

:

11,450

(d)

1.000%,

7/15/32,

(AMT),

(Mandatory

Put

7/15/28),

(WI/DD)

5/24

at

100.00

1

1,822,125

7,585

5.250%,

7/01/53

-

AGM

Insured,

(AMT),

(UB),

(WI/DD)

7/32

at

100.00

7,909,791

5,400

5.500%,

7/01/53,

(AMT),

(WI/DD)

7/32

at

100.00

5,599,499

5,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2023A,

7.500%,

7/01/57,

(AMT),

(Mandatory

Put

8/15/24)

5/24

at

104.00

4,975,281

24,190

(d)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2023C,

8.250%,

7/01/57,

(AMT),

(Mandatory

Put

8/15/24)

4/24

at

100.00

24,237,171

FRERC

Community

Development

District,

Ocoee,

Florida,

Special

Assessment

Bonds,

Series

2020

:

2,655

5.375%,

11/01/40

11/29

at

100.00

2,482,720

2,000

5.500%,

11/01/50

11/29

at

100.00

1,818,971

1,900

(d)

Gracewater

Sarasota

Community

Development

District,

Sarasota

County,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2021,

4.000%,

5/01/52

5/31

at

100.00

1,511,256

1,000

Grand

Bay

at

Doral

Community

Development

District,

Miami-Dade

County,

Florida,

Special

Assessment

Improvement

Bonds,

Assessment

Area

Two

Project,

Refunding

Series

2014A-2,

6.500%,

5/01/39

5/24

at

100.00

1,001,201

10,000

(e)

Greater

Orlando

Aviation

Authority,

Florida,

Orlando

Airport

Facilities

Revenue

Bonds,

Priority

Subordinated

Series

2017A,

5.000%,

10/01/42,

(AMT),

(UB)

10/27

at

100.00

10,180,935

200

Gulfstream

Polo

Community

Development

District,

Palm

Beach

County,

Florida,

Special

Assessment

Bonds,

Phase

2

Project,

Series

2019,

4.375%,

11/01/49

11/29

at

100.00

176,326

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

114

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

885

(d)

Hammock

Reserve

Community

Development

District,

Haines

City,

Florida,

Special

Assessment

Revenue

Bonds,

Area

3

Project,

Series

2022,

5.000%,

5/01/52

5/32

at

100.00

$

827,180

1,860

Harmony

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Special

Assessment,

Refunding

Series

2014,

5.250%,

5/01/32

5/24

at

100.00

1,860,665

200

Hawkstone

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Assessment

Area

2,

Series

2019,

4.000%,

11/01/39

11/29

at

100.00

179,991

1,000

Hawkstone

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Assessment

Area

4,

Series

2023,

5.500%,

5/01/53

5/33

at

100.00

1,008,636

5,000

(e)

Hillsborough

County

Aviation

Authority,

Florida,

Revenue

Bonds,

Tampa

International

Airport,

Subordinate

Lien

Series

2018A,

5.000%,

10/01/48,

(AMT),

(UB)

10/28

at

100.00

5,054,898

1,500

Hillsborough

County

Aviation

Authority,

Florida,

Revenue

Bonds,

Tampa

International

Airport,

Subordinate

Lien

Series

2018A,

5.000%,

10/01/48,

(AMT)

10/28

at

100.00

1,516,469

560

Hobe-Saint

Lucie

Conservancy

District,

Florida,

Special

Assessment

Revenue

Bonds,

Improvement

Unit

1A,

Series

2024,

5.875%,

5/01/55

5/34

at

100.00

567,262

265

Lakes

of

Sarasota

Community

Development

District,

Florida,

Improvement

Revenue

Bonds,

Capital

Phase

1

Project

2021A-1,

4.100%,

5/01/51

5/31

at

100.00

218,613

500

Lakes

of

Sarasota

Community

Development

District,

Florida,

Improvement

Revenue

Bonds,

Capital

Phase

1

Project

2021B-1,

4.300%,

5/01/51

5/31

at

100.00

423,545

610

Lakewood

Park

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Assessment

Area

1,

Series

2021,

4.000%,

5/01/52

5/31

at

100.00

487,766

610

Lakewood

Ranch

Stewardship

District,

Florida,

Special

Assessment

Revenue

Bonds,

Lakewood

Centre

North

Project,

Series

2015,

4.875%,

5/01/45

5/25

at

100.00

591,486

2,000

Lee

County

Industrial

Development

Authority,

Florida,

Charter

School

Revenue

Bonds,

Lee

County

Community

Charter

Schools,

Series

2007A,

5.375%,

6/15/37

5/24

at

100.00

1,936,792

1,630

(d)

Lee

County

Industrial

Development

Authority,

Florida,

Healthcare

Facilities

Revenue

Bonds,

Preserve

Project,

Series

2017A,

5.750%,

12/01/52

5/24

at

104.00

1,182,189

750

Leomas

Landing

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

2,

Series

2021,

4.000%,

5/01/52

5/31

at

100.00

603,016

2,500

LTC

Rance

Residential

Community

Development

District,

Port

Saint

Lucie,

Florida,

Special

Assessment

Bonds,

Assessment

Area

1

Project,

Series

2021A,

4.000%,

5/01/52

5/31

at

100.00

1,976,437

2,000

(d)

LTC

Ranch

Residential

Community

Development

District,

Port

Saint

Lucie,

Florida,

Special

Assessment

Bonds,

Assessment

Area

3

Project,

Series

2024AA3,

6.050%,

5/01/54

No

Opt.

Call

1,978,236

Magic

Place

Community

Development

District,

Osceola

County,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2019

:

1,995

4.375%,

5/01/40

5/30

at

100.00

1,843,538

2,990

4.500%,

5/01/51

5/30

at

100.00

2,617,360

750

(d)

Miami

Dade

County

Industrial

Development

Authority,

Florida,

Educational

Facilities

Revenue

Bonds,

South

Florida

Autism

Charter

School

Project,

Series

2017,

6.000%,

7/01/47

7/27

at

100.00

751,850

1,085

Miami

World

Center

Community

Development

District,

Miami-Dade

County,

Florida,

Special

Assessment

Bonds,

Series

2017,

5.250%,

11/01/49

11/27

at

100.00

1,097,415

115

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

5,000

Miami-Dade

County

Expressway

Authority,

Florida,

Toll

System

Revenue

Bonds,

Series

2014A,

5.000%,

7/01/39

7/24

at

100.00

$

4,774,943

1,750

(d)

Miami-Dade

County

Industrial

Development

Authority,

Florida,

Revenue

Bonds,

Youth

Co-Op

Charter

Schools

Project,

Series

2015A,

6.000%,

9/15/45

9/25

at

100.00

1,754,400

1,000

Miami-Dade

County

Industrual

Development

Authority,

Florida,

Revenue

Bonds,

Doral

Academy,

Seres

2018,

5.000%,

1/15/48

1/28

at

100.00

975,451

11,250

(e)

Miami-Dade

County,

Florida,

Seaport

Revenue

Bonds,

Refunding

Series

2022A,

5.250%,

10/01/52,

(AMT),

(UB)

10/32

at

100.00

11,794,267

995

(d)

Mirada

Community

Development

District,

Florida,

Capital

Improvement

Bonds,  Assessment

Area

3

Series

2024,

6.000%,

5/01/55

5/34

at

100.00

982,649

605

(h)

Mirada

Community

Development

District,

Pasco

County,

Florida,

Bond

Anticipation

Note,

Assessment

Area

3,

Series

2019,

4.500%,

5/01/24,

(ETM)

4/24

at

100.00

605,000

420

(d)

Mirada

II

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2022,

5.750%,

5/01/53

5/32

at

100.00

427,585

355

North

Park

Isle

Community

Development

District,

Plant

City,

Florida,

Special

Assessment

Revenue

Bonds,

Assessment

Area

1,

Series

2019,

4.750%,

5/01/50

5/29

at

100.00

327,106

930

Northern

Palm

Beach

County

Improvement

District,

Florida,

Water

Control

and

Improvement

Bonds,

Development

Unit

53,

Series

2015,

5.500%,

8/01/46

8/26

at

100.00

936,765

9,305

(e)

Palm

Beach

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Baptist

Health

Systems

of

South

Florida

Obligated

Group,

Series

2019,

4.000%,

8/15/49,

(UB)

8/29

at

100.00

8,333,282

250

Palm

Beach

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Jupiter

Medical

Center,

Series

2022,

5.000%,

11/01/52

11/32

at

100.00

246,912

1,355

(d)

Palm

Beach

County,

Florida,

Revenue

Bonds,

Provident

Group

-

LU

Properties

LLC

Lynn

University

Housing

Project,

Series

2021A,

5.000%,

6/01/57

6/31

at

100.00

1,181,961

500

(d)

Palm

Beach

County,

Florida,

Revenue

Bonds,

Provident

Group

-

PBAU

Properties

LLC

-

Palm

Beach

Atlantic

University

Housing

Project,

Series

2019A,

5.000%,

4/01/51

4/29

at

100.00

479,291

250

Palm

Coast

Park

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Sawmill

Branch

Phase

2

Flager,

Series

2022,

5.125%,

5/01/51

5/32

at

100.00

242,291

905

(d)

Peace

Creek

Village

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Winter

Haven

Series

2024,

5.750%,

5/01/54

5/34

at

100.00

896,058

500

Portico

Community

Development

District,

Lee

County,

Florida,

Special  Assessment,

Improvement

Series

2020-2,

4.000%,

5/01/50

5/30

at

100.00

407,017

910

Rivers

Edge

II

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2021,

4.000%,

5/01/51

5/31

at

100.00

734,469

905

(d)

Rivers

Edge

III

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2021,

4.000%,

5/01/51

5/31

at

100.00

729,332

2,495

Rolling

Oaks

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Series

2016,

6.000%,

11/01/47

11/27

at

100.00

2,559,677

1,000

(d)

Saint

Johns

County

Housing

Authority,

Florida,

Multifamily

Mortgage

Revenue

Bonds,

Victoria

Crossing,

Series

2021A,

3.920%,

4/01/59,

(Mandatory

Put

4/01/39)

11/31

at

100.00

803,199

700

Sawgrass

Village

Community

Development

District,

Manatee

County,

Florida,

Special

Assessment

Bonds,

Assessment

Area

2

Series

2023,

6.375%,

11/01/53

11/33

at

100.00

726,274

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

116

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

1,110

(d)

Sawyers

Landing

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2021,

4.125%,

5/01/41

5/31

at

100.00

$

912,832

990

Shingle

Creek

Community

Development

District,

Osceola

County,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2015,

5.400%,

11/01/45

11/25

at

100.00

993,845

15,000

(e)

South

Miami

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Baptist

Health

Systems

of

South

Florida

Obligated

Group,

Refunding

Series

2017,

5.000%,

8/15/47,

(UB)

8/27

at

100.00

15,153,819

500

(d)

Summit

View

Community

Development

District,

Dade

City,

Florida,

Special

Assessment

Area

Two

Revenue

Bonds,

Series

2024,

6.000%,

5/01/54

5/34

at

100.00

491,870

220

Summit

View

Community

Development

District,

Dade

City,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2021B,

5.000%,

5/01/41

No

Opt.

Call

207,489

615

(d)

Three

Rivers

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

South

Assessment

Area

Series

2021B,

4.625%,

5/01/36

5/24

at

100.00

589,024

2,300

Tolomato

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Refunding

Series

2015-2,

6.610%,

5/01/40

5/24

at

100.00

2,229,575

2,505

(c)

Tolomato

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Refunding

Series

2015-3,

6.610%,

5/01/40

5/24

at

100.00

25

1,230

Touchstone

Community

Development

District,

Hillsborough

County,

Florida,

Special

Assessment

Bonds,

2019

Project,

Series

2019,

4.000%,

12/15/40

12/29

at

100.00

1,083,313

1,265

Tradition

Community

Development

District

1,

Port

Saint

Lucie,

Florida,

Irrigation

System

Revenue

Bonds,

Existing

System

Series

2017,

4.500%,

10/01/47

10/27

at

100.00

1,142,676

1,000

Turtle

Run

Community

Development

District,

Florida,

Special

Assessment

Benefit

Tax

Bonds,

Series

2017-2,

5.000%,

5/01/37

5/28

at

100.00

1,010,551

1,555

Twin

Creeks

North

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Master

Infrastructure

Improvements,

Series

2016A-1,

6.375%,

11/01/47

11/31

at

100.00

1,620,228

2,885

Twin

Creeks

North

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Master

Infrastructure

Improvements,

Series

2016A-2,

6.375%,

11/01/47

11/31

at

100.00

3,006,018

500

Two

Lakes

Community

Development

District,

Hialeah,

Florida,

Special

Assessment

Bonds,

Expansion

Area

Project,

Series

2019,

4.000%,

12/15/49

12/29

at

100.00

398,740

1,000

Two

Rivers

West

Community

Development

District,

Pasco

County,

Florida,

Special

Assessment

Bonds,

2023

Project,

Series

2023,

6.125%,

11/01/53

11/33

at

100.00

1,021,277

335

(d)

Union

Park

East

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

3

Series

2021,

4.000%,

5/01/51

5/31

at

100.00

269,543

1,000

V-Dana

Community

Development

District,

Lee

County,

Florida,Special

Assessment

Bonds,

Area

1

-

2021

Project,

Series

2021,

4.000%,

5/01/52

5/31

at

100.00

797,890

1,000

Venetian

Parc

Community

Development

District,

Miami-Dade

County,

Florida,

Special

Assessment

Bonds,

Area

One

Project,

Series

2013,

6.500%,

11/01/43

11/28

at

100.00

1,073,752

500

Verano

3

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Phase

2

Assessment

Area,

Series

2022,

6.625%,

11/01/52

11/32

at

100.00

527,881

965

Waterset

North

Community

Development

District,

Hillsborough

County,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2014,

5.500%,

11/01/45

11/24

at

100.00

966,318

117

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

500

(d)

Westside

Haines

City

Community

Development

District,

Polk

County,

Florida,

Special

Assessment

Bonds,

Area

2

Project,

Series

2024,

6.000%,

5/01/54

5/34

at

100.00

$

497,275

1,000

(d)

Windsor

at

Westside

Community

Development

District,

Lake

County,

Florida,

Special

Assessment

Bonds,

Area

1

Project,

Series

2024,

5.750%,

5/01/54,

(WI/DD)

5/34

at

100.00

984,568

Total

Florida

219,131,334

Georgia

-

0.4%

(0.2%

of

Total

Investments)

870

Atlanta

Urban

Residential

Finance

Authority,

Georgia,

Multifamily

Housing

Revenue

Bonds,

Testletree

Village

Apartments,

Series

2013A,

5.000%,

11/01/48

5/24

at

100.00

634,644

1,610

Municipal

Electric

Authority

of

Georgia,

Plant

Vogtle

Units

3

&

4

Project

J

Bonds,

Series

2015A,

5.000%,

7/01/60

7/25

at

100.00

1,593,286

2,215

Municipal

Electric

Authority

of

Georgia,

Plant

Vogtle

Units

3

&

4

Project

J

Bonds,

Series

2023A,

5.000%,

7/01/64

-

AGM

Insured

1/33

at

100.00

2,291,601

Total

Georgia

4,519,531

Hawaii

-

0.3%

(0.2%

of

Total

Investments)

2,000

(d)

Hawaii

County,

Hawaii,

Special

Tax

Revenue

Bonds,

Community

Facilities

District

1-2021,

Kaloko

Heights

Project,

Series

2023,

7.250%,

5/15/52

5/33

at

100.00

1,961,562

2,000

(d)

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaii

Pacific

University,

Series

2013A,

6.875%,

7/01/43

5/24

at

100.00

2,001,109

Total

Hawaii

3,962,671

Idaho

-

0.2%

(0.2%

of

Total

Investments)

1,000

(d)

Idaho

Housing

and

Finance

Association,

Nonprofit

Facilities

Revenue

Bonds,

Doral

Academy

of

Idaho,

Series

2021A,

5.000%,

7/15/56

7/26

at

103.00

809,922

565

(d)

Idaho

Housing

and

Finance

Association,

Nonprofit

Facilities

Revenue

Bonds,

Gem

Prep

Meridian

North

LLC,

Series

2020A,

5.250%,

7/01/55

7/25

at

100.00

476,351

1,000

(d)

Idaho

Housing

and

Finance

Association,

Nonprofit

Facilities

Revenue

Bonds,

Gem

Prep

Meridian

South

Charter

School

Project,

Series

2021,

4.000%,

5/01/56

11/25

at

100.00

691,281

1,050

(d)

Spring

Valley

Community

Infrastructure

District

1,

Eagle,

Idaho,

Special

Assessment

Bonds,

Series

2024,

6.250%,

9/01/53

3/29

at

103.00

1,065,504

Total

Idaho

3,043,058

Illinois

-

17.8%

(11.2%

of

Total

Investments)

183

(c)

Bolingbrook,

Illinois,

Sales

Tax

Revenue

Bonds,

Series

2005,

6.250%,

1/01/26

12/23

at

100.00

182,416

10,670

(e)

Chicago

Board

of

Education,

Illinois,

Dedicated

Capital

Improvement

Tax

Revenue

Bonds,

Series

2016,

6.000%,

4/01/46,

(UB)

4/27

at

100.00

11,102,009

1,500

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Project

Series

2015C,

5.250%,

12/01/39

12/24

at

100.00

1,496,769

2,575

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Refunding

Series

2018D,

5.000%,

12/01/46

5/24

at

100.00

2,530,427

15,385

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2016A,

7.000%,

12/01/44

12/25

at

100.00

15,926,657

2,025

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2016B,

6.500%,

12/01/46

12/26

at

100.00

2,104,101

9,910

(d)

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2017A,

7.000%,

12/01/46

12/27

at

100.00

10,673,248

10,000

(e)

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Second

Lien

Series

2022A,

5.000%,

12/01/46

-

BAM

Insured,

(UB)

12/31

at

100.00

10,527,243

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

118

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

$

1,848

Chicago,

Illinois,

Certificates

of

Participation

Tax

Increment

Bonds,

35th

and

State

Redevelopoment

Project,

Series

2012,

6.100%,

1/15/29

5/24

at

100.00

$

1,848,338

1,552

(c)

Chicago,

Illinois,

Certificates

of

Participation,

Tax

Increment

Allocation

Revenue

Bonds,

Diversey-Narragansett

Project,

Series

2006,

7.460%,

2/15/26

5/24

at

100.00

1,133,051

5,000

(e)

Chicago,

Illinois,

General

Airport

Revenue

Bonds,

O'Hare

International

Airport,

Refunding

Senior

Lien

Series

2018A,

5.000%,

1/01/48,

(UB)

1/29

at

100.00

5,076,394

8,065

Chicago,

Illinois,

General

Airport

Revenue

Bonds,

O'Hare

International

Airport,

Refunding

Senior

Lien

Series

2022A,

5.000%,

1/01/48

1/32

at

100.00

8,265,395

4,000

(e)

Chicago,

Illinois,

General

Airport

Revenue

Bonds,

O'Hare

International

Airport,

Senior

Lien

Series

2016D,

5.000%,

1/01/52,

(UB)

1/27

at

100.00

4,049,187

Chicago,

Illinois,

General

Airport

Revenue

Bonds,

O'Hare

International

Airport,

Senior

Lien

Series

2022A

:

5,000

(e)

5.250%,

1/01/53,

(UB)

1/31

at

100.00

5,192,404

10,620

(e)

5.500%,

1/01/55,

(UB)

1/32

at

100.00

11,236,052

4,000

(e)

Chicago,

Illinois,

General

Obligation

Bonds,

Chicago

Works

Series

2023A,

5.500%,

1/01/43,

(UB)

1/30

at

100.00

4,211,306

9,400

(e)

Chicago,

Illinois,

General

Obligation

Bonds,

Project

&

Refunding

Series

2017A,

6.000%,

1/01/38,

(UB)

1/27

at

100.00

9,795,121

1,000

(e)

Chicago,

Illinois,

General

Obligation

Bonds,

Project

and

Refunding

Series

2005D,

5.500%,

1/01/37,

(UB)

1/25

at

100.00

1,005,538

130

Chicago,

Illinois,

General

Obligation

Bonds,

Refunding

Series

2016C,

5.000%,

1/01/38

1/26

at

100.00

130,318

Chicago,

Illinois,

General

Obligation

Bonds,

Series

2019A

:

11,000

(e)

5.000%,

1/01/44,

(UB)

1/29

at

100.00

11,217,010

8,000

(e)

5.500%,

1/01/49,

(UB)

1/29

at

100.00

8,254,990

1,500

(e)

Chicago,

Illinois,

General

Obligation

Bonds,

VAribale

Rate

Demand

Series

2007F,

5.500%,

1/01/42,

(UB)

1/25

at

100.00

1,503,514

5,000

(c),(d)

Illinois

Finance

Authority

Revenue

Bonds,

Ness

Healthcare

NFP,

Series

2016A,

6.375%,

11/01/46

11/26

at

100.00

4,181,654

Illinois

Finance

Authority,

Charter

School

Revenue

Bonds,

Art

in

Motion

AIM

Project,

Series

2021A

:

1,000

(d)

5.000%,

7/01/51

7/31

at

100.00

724,263

1,000

(d)

5.000%,

7/01/56

7/31

at

100.00

705,985

1,000

(d)

Illinois

Finance

Authority,

Revenue

Bonds,

DePaul

College

Prep

Foundation,

Series

2023A,

5.625%,

8/01/53

8/33

at

100.00

1,040,481

Illinois

Finance

Authority,

Revenue

Bonds,

Dominican

University,

Refunding

Series

2022

:

550

5.000%,

3/01/36

9/32

at

100.00

551,066

600

5.000%,

3/01/38

9/32

at

100.00

580,649

700

5.000%,

3/01/40

9/32

at

100.00

664,032

2,000

(d)

Illinois

Finance

Authority,

Revenue

Bonds,

Roosevelt

University,

Series

2018B,

6.125%,

4/01/58

10/28

at

100.50

1,874,390

7,955

(e)

Illinois

State,

General

Obligation

Bonds,

June

Series

2022A,

5.500%,

3/01/47,

(UB)

3/32

at

100.00

8,499,596

1,715

Illinois

State,

General

Obligation

Bonds,

May

Series

2020,

5.750%,

5/01/45

5/30

at

100.00

1,844,359

Illinois

State,

General

Obligation

Bonds,

November

Series

2016

:

1,000

5.000%,

11/01/35

11/26

at

100.00

1,020,422

1,000

5.000%,

11/01/37

11/26

at

100.00

1,014,654

5,000

Illinois

State,

General

Obligation

Bonds,

October

Series

2020C,

4.250%,

10/01/45

10/30

at

100.00

4,645,556

119

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

$

10,000

(e)

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Senior

Lien

Series

2021A,

4.000%,

1/01/46,

(UB)

1/32

at

100.00

$

9,559,636

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2020A

:

7,075

4.000%,

6/15/50

-

BAM

Insured

12/29

at

100.00

6,235,977

1,000

4.000%,

6/15/50

12/29

at

100.00

888,205

12,215

5.000%,

6/15/50

12/29

at

100.00

12,465,211

5,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017A,

5.000%,

6/15/57

12/27

at

100.00

5,058,676

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B

:

35,635

0.000%,

12/15/54

No

Opt.

Call

6,945,511

5,000

0.000%,

12/15/54

-

BAM

Insured

No

Opt.

Call

1,065,781

705

Rantoul,

Champaign

County,

Illinois,

Tax

Increment

Revenue

Bonds,

Evans

Road

Series

2013B,

7.000%,

12/01/33

5/24

at

100.00

704,978

7,750

(e)

Sales

Tax

Securitization

Corporation,

Illinois,

Sales

Tax

Securitzation

Bonds,

Series

2018A,

5.000%,

1/01/48,

(UB)

1/28

at

100.00

7,902,557

10,000

(e)

Sales

Tax

Securitization

Corporation,

Illinois,

Sales

Tax

Securitzation

Bonds,

Series

2018C,

5.250%,

1/01/48

-

BAM

Insured,

(UB)

1/29

at

100.00

10,426,845

895

(c)

Yorkville

United

City

Business

District,

Illinois,

Storm

Water

and

Water

Improvement

Project

Revenue

Bonds,

Series

2007,

4.800%,

1/01/26

5/24

at

100.00

375,900

Total

Illinois

216,437,872

Indiana

-

1.7%

(1.1%

of

Total

Investments)

1,000

(d),(e)

Indiana

Bond

Bank,

Special

Program

Bonds,

Hendricks

Regional

Health

Project,

Tender

Option

Bond

Trust

2016-XL0019,

7.673%,

4/01/30

-

AMBAC

Insured,

(IF)

No

Opt.

Call

1,344,908

1,000

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Discovery

Charter

School

Project,

Series

2015A,

7.250%,

12/01/45

12/25

at

100.00

1,020,734

850

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Seven

Oaks

Classical

School

Project,

Series

2021A,

5.000%,

6/01/41

6/31

at

100.00

748,314

7,725

(e)

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

University

of

Evansville

Project,

Series

2022A,

5.250%,

9/01/57,

(UB)

9/32

at

100.00

7,108,781

2,000

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2012,

5.750%,

8/01/42,

(AMT)

5/24

at

100.00

2,000,270

5,000

(e)

Indiana

Finance

Authority,

Indiana,

Health

Facilities

Project

Revenue

Bonds,

Baptist

Healthcare

System

Obligated

Group,

Series

2017A,

5.000%,

8/15/51,

(UB)

8/27

at

100.00

5,016,390

1,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Senior

Series

2023E,

6.125%,

3/01/57

3/33

at

100.00

1,084,459

770

Saint

Joseph

County,

Indiana,

Economic

Development

Revenue

Bonds,

Chicago

Trail

Village

Apartments,

Series

2005A,

7.500%,

7/01/35

5/24

at

100.00

771,814

1,000

Shoals,

Indiana,

Exempt

Facilities

Revenue

Bonds,

National

Gypsum

Company

Project,  Series

2013,

7.250%,

11/01/43,

(AMT)

5/24

at

100.00

1,001,667

966

(c)

Terre

Haute,

Indiana,

Economic

Development

Solid

Waste

Facility

Revenue

Bonds,

Pyrolyx

USA

Indiana,

LLC

Project,

Series

2017A,

7.250%,

12/01/28,

(AMT)

No

Opt.

Call

10

1,000

(d)

Valparaiso,

Indiana,

Exempt

Facilities

Revenue

Bonds,

Pratt

Paper

LLC

Project,

Refunding

Series

2024,

5.000%,

1/01/54,

(AMT),

(WI/DD)

1/34

at

100.00

1,014,464

Total

Indiana

21,111,811

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

120

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Iowa

-

1.8%

(1.1%

of

Total

Investments)

$

1,000

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Alcoa

Inc.

Project,

Series

2012,

4.750%,

8/01/42

5/24

at

100.00

$

977,253

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022

:

17,940

(e)

5.000%,

12/01/50,

(UB)

12/29

at

103.00

18,688,715

2,500

5.000%,

12/01/50,

(Mandatory

Put

12/01/42)

12/29

at

103.00

2,595,232

Total

Iowa

22,261,200

Kansas

-

0.1%

(0.0%

of

Total

Investments)

1,000

Wyandotte

County-Kansas

City

Unified

Government,

Kansas,

Sales

Tax

Special

Obligation

Bonds,

Vacation

Village

Project

Area

1

and

2A,

Series

2015,

5.750%,

9/01/32

9/25

at

100.00

940,192

Total

Kansas

940,192

Kentucky

-

2.7%

(1.7%

of

Total

Investments)

1,340

Bell

County,

Kentucky,

Special

Assessment

Industrial

Building

Revenue

Bonds,

Boone's

Ridge

Project,

Series

2020,

6.000%,

12/01/40

12/30

at

100.00

1,177,490

Kentucky

Economic

Development

Finance

Authority,

Hospital

Revenue

Bonds,

Owensboro

Health,

Refunding

Series

2017A

:

11,675

(e)

5.000%,

6/01/41,

(UB)

6/27

at

100.00

11,731,266

5,450

5.000%,

6/01/41

6/27

at

100.00

5,476,265

3,300

5.000%,

6/01/45

6/27

at

100.00

3,301,044

990

(e)

5.000%,

6/01/45,

(UB)

6/27

at

100.00

990,313

1,000

Kentucky

Economic

Development

Finance

Authority,

Kentucky,

Healthcare

Facilities

Revenue

Bonds,

Christian

Care

Communities,

Inc.

Obligated

Group,

Series

2021,

5.125%,

7/01/55

7/29

at

102.00

758,366

1,000

Kentucky

Economic

Development

Finance

Authority,

Revenue

Bonds,

Next

Generation

Kentucky

Information

Highway

Project,

Senior

Series

2015A,

5.000%,

7/01/30

7/25

at

100.00

1,009,161

1,000

Newport,

Kentucky,

Special

Obligation

Revenue

Bonds,

Newport

Clifton

Project,

Series

2020B,

5.500%,

12/01/60

12/30

at

100.00

819,354

5,200

(e)

Public

Energy

Authority

of

Kentucky,

Gas

Supply

Revenue

Bonds,

Refunding

Series

2024A-1,

5.250%,

4/01/54,

(Mandatory

Put

2/01/32),

(UB)

11/31

at

100.18

5,499,132

1,000

(d)

Union

Kentucky,

Special

Obligation

Revenue

Bonds,

Union

Promenade

Project,

Series

2022B,

5.500%,

12/01/52

12/32

at

100.00

935,872

1,000

(d)

Union,

Kentucky,

Special

Obligation

Revenue

Bonds,

Union

Promenade

Project,

Series

2022D,

5.750%,

12/01/52

12/32

at

100.00

937,500

Total

Kentucky

32,635,763

Louisiana

-

1.1%

(0.7%

of

Total

Investments)

1,810

Ascension

Parish

Industrial

development

Board,

Louisiana,

Revenue

Bonds,

Impala

Warehousing

(US)

LLC

Project,

Series

2013,

6.000%,

7/01/36

5/24

at

100.00

1,810,406

500

(d)

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Lake

Charles

College

Prep

Project,

Series

2019A,

5.000%,

6/01/58

6/27

at

100.00

425,212

1,480

(d)

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Mentorship

STEAM

Academy,

Series

2021A,

5.000%,

6/01/56

6/31

at

100.00

1,165,814

500

(d)

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Young

Audiences

Charter

School,

Series

2019A,

5.000%,

4/01/57

4/27

at

100.00

409,013

1,710

(d)

Louisiana

Public

Facilities

Authority,

Dock

and

Wharf

Revenue

Bonds,

Impala

Warehousing

(US)

LLC

Project,

Series

2013,

6.500%,

7/01/36,

(AMT)

5/24

at

100.00

1,710,349

121

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Louisiana

(continued)

Louisiana

Public

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Encore

Academy

Project,

Series

2021A

:

$

250

(c),(d)

5.000%,

6/01/41

6/31

at

100.00

$

150,000

250

(c),(d)

5.000%,

6/01/51

6/31

at

100.00

150,000

Louisiana

Public

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Jefferson

Rise

Charter

School

Project,

Series

2022A

:

500

(d)

6.250%,

6/01/52

6/31

at

100.00

483,926

1,000

(d)

6.375%,

6/01/62

6/31

at

100.00

959,337

200

(d)

Louisiana

Public

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Lincoln

Preparatory

School

Project,

Series

2022A,

6.500%,

6/01/62

6/31

at

100.00

188,249

1,300

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Lake

Charles

Charter

Academy

Foundation

Project,

Series

2011A,

7.750%,

12/15/31

5/24

at

100.00

1,302,817

2,000

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Loyola

University

Project,

Refunding

Series

2017,

5.250%,

10/01/33

No

Opt.

Call

2,235,807

2,110

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Southwest

Louisiana

Charter

Academy

Foundation

Project,

Series

2013A,

8.125%,

12/15/33

5/24

at

100.00

2,112,058

2,000

(c),(d)

Louisiana

Public

Facilities

Authority,

Solid

Waste

Disposal

Facility

Revenue

Bonds,  Lousiana

Pellets

Inc

Project,

Series

2015,

7.000%,

7/01/24,

(AMT)

No

Opt.

Call

20

540

(d)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2010,

6.350%,

7/01/40

6/30

at

100.00

583,958

Total

Louisiana

13,686,966

Maryland

-

0.8%

(0.5%

of

Total

Investments)

1,595

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017,

5.000%,

9/01/42

9/27

at

100.00

1,489,208

4,000

(c)

Maryland

Economic

Development

Corporation,

Revenue

Bonds,

Chesapeake

Bay

Hyatt

Conference

Center,

Series

2006A,

5.000%,

12/01/31

5/24

at

100.00

2,400,000

2,500

(c)

Maryland

Economic

Development

Corporation,

Revenue

Bonds,

Chesapeake

Bay

Hyatt

Conference

Center,

Series

2006B,

5.250%,

12/01/31

5/24

at

100.00

1,500,000

1,000

Maryland

Economic

Development

Corporation,

Special

Obligation

Bonds,

Port

Covington

Project,

Series

2020,

4.000%,

9/01/50

9/30

at

100.00

792,749

5,000

Maryland

Stadium

Authority,

Lease

Revenue

Bonds,

Built

To

Learn,

Series

2021,

2.750%,

6/01/51

6/31

at

100.00

3,308,533

Total

Maryland

9,490,490

Massachusetts

-

1.1%

(0.7%

of

Total

Investments)

7,080

(e)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2,

5.000%,

7/01/53,

(UB)

7/28

at

100.00

7,146,815

5,735

(e)

Massachusetts

Educational

Financing

Authority,

Education

Loan

Revenue

Bonds,

Issue

K,

Series

2017B,

4.250%,

7/01/46,

(AMT),

(UB)

7/26

at

100.00

5,170,867

1,200

Massachusetts

Educational

Financing

Authority,

Education

Loan

Revenue

Bonds,

Issue

M,

Subordinate

Series

2021C,

3.000%,

7/01/51,

(AMT)

7/31

at

100.00

784,128

Total

Massachusetts

13,101,810

Michigan

-

3.1%

(1.9%

of

Total

Investments)

1,740

Detroit,

Wayne

County,

Michigan,

General

Obligation

Bonds,

Social

Series

2021A,

5.000%,

4/01/46

4/31

at

100.00

1,751,242

1,945

Michigan

Finance

Authority,

Higher

Education

Limited

Obligation

Revenue

Bonds,

Aquinas

College

Project,

Refunding

Series

2021,

5.000%,

5/01/46

5/31

at

100.00

1,529,839

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

122

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Michigan

(continued)

$

6,480

(e)

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

Henry

Ford

Health

System,

Series

2019A,

5.000%,

11/15/48,

(UB)

11/29

at

100.00

$

6,662,492

3,675

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

Henry

Ford

Health

System,

Series

2019A,

5.000%,

11/15/48

11/29

at

100.00

3,778,496

5,000

(e)

Michigan

Finance

Authority,

Michigan,

Revenue

Bonds,

Trinity

Health

Credit

Group,

Refunding

Series

2017A-MI,

4.000%,

12/01/40,

(UB)

12/27

at

100.00

4,838,379

830

Michigan

Finance

Authority,

Public

School

Academy

Limited

Obligation

Revenue

Bonds,

Cesar

Chavez

Academy

Project,

Refunding

Series

2019,

5.000%,

2/01/33

2/27

at

102.00

817,984

1,000

Michigan

Finance

Authority,

Public

School

Academy

Limited

Obligation

Revenue

Bonds,

Hanley

International

Academy,

Inc.

Project,

Refunding

Series

2021,

5.000%,

9/01/40

8/31

at

100.00

973,806

Michigan

Finance

Authority,

Public

School

Academy

Limited

Obligation

Revenue

Bonds,

Holly

Academy

Project,

Refunding

Series

2021

:

905

4.000%,

12/01/41

12/31

at

100.00

740,791

1,000

4.000%,

12/01/51

12/31

at

100.00

751,511

Michigan

Finance

Authority,

Public

School

Academy

Limited

Obligation

Revenue

Bonds,

Hope

Academy

Project,

Refunding

Series

2021

:

150

(d)

4.400%,

4/01/31

4/28

at

100.00

130,997

315

(d)

4.900%,

4/01/41

4/28

at

100.00

242,725

1,210

(d)

Michigan

Finance

AuthorIty,

Public

School

Academy

Limited

Obligation

Revenue

Bonds,

Voyageur

Academy

Project,

Refunding

Series

2017.

Private

Placement

of

2017,

5.900%,

7/15/46

7/27

at

100.00

912,533

28,335

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2006

Sold

Tobacco

Receipts,

Taxable

Series

2020B,

0.000%,

6/01/45

No

Opt.

Call

6,793,889

1,355

Michigan

Public

Educational

Facilities

Authority,

Charter

School

Revenue

Bonds,

American

Montessori

Academy,

Series

2007,

6.500%,

12/01/37

5/24

at

100.00

1,355,276

1,000

Michigan

Public

Educational

Facilities

Authority,

Limited

Obligation

Revenue

Bonds,  Chandler

Park

Academy

Project,

Series

2008,

6.500%,

11/01/35

5/24

at

100.00

1,000,617

100,000

Michigan

Tobacco

Settlement

Finance

Authority,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Capital

Appreciation

Turbo

Term

Series

2008C,

0.000%,

6/01/58

6/33

at

11.41

3,426,230

1,650

Summit

Academy

North,

Michigan,

Revenue

Bonds,

Public

School

Academy,

Refunding

Series

2021,

4.000%,

11/01/41

11/28

at

103.00

1,397,251

535

Universal

Academy,

Michigan,

Public

School

Academy

Bonds,

Refunding

Series

2021,

4.000%,

12/01/31

12/28

at

103.00

515,963

Total

Michigan

37,620,021

Minnesota

-

0.9%

(0.5%

of

Total

Investments)

2,000

Bethel,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Level

Up

Academy,

Series

2021A,

5.000%,

6/15/56

6/29

at

102.00

1,444,071

665

Brooklyn

Park,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Athlos

Leadership

Academy

Project,

Series

2015A,

5.500%,

7/01/35

7/25

at

100.00

636,082

1,000

Columbus,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

New

Millennium

Academy

Project,

Series

2015A,

6.000%,

7/01/45

7/25

at

100.00

936,305

505

Greenwood,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Main

Street

School

of

Performing

Arts

Project,

Series

2016A,

5.000%,

7/01/47

7/26

at

100.00

426,060

1,190

Minneapolis,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Cyber

Village

Academy

Project,

Series

2022A,

5.500%,

6/01/57

6/32

at

100.00

1,071,871

100

Minneapolis,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Northeast

College

Prep

Project,

Series

2020A,

5.000%,

7/01/55

7/30

at

100.00

79,140

123

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Minnesota

(continued)

$

1,125

Otsego,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Kaleidoscope

Charter

School

Project,

Series

2014A,

5.000%,

9/01/44

9/24

at

100.00

$

990,170

2,000

(d)

Saint

Paul

Housing

&

Redevelopment

Authority,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Community

School

of

Excellence,

Series

2023,

5.500%,

3/01/58

3/33

at

100.00

1,894,367

3,000

(d)

Saint

Paul

Port

Authority,

Minnesota,

Solid

Waste

Disposal

Revenue

Bonds,

Gerdau

Saint

Paul

Steel

Mill

Project,

Series

2012-7,

4.500%,

10/01/37,

(AMT)

5/24

at

100.00

2,908,313

Total

Minnesota

10,386,379

Mississippi

-

0.1%

(0.0%

of

Total

Investments)

335

(c),(d)

Mississippi

Business

Finance

Corporation,

Gulf

Opportunity

Zone

Revenue

Bonds,

King

Edward

Mixed-Use

Project,

Taxable

Refunding

Series

2019A,

6.000%,

10/15/49,

(Mandatory

Put

6/15/25)

10/26

at

100.00

328,505

490

Mississippi

Home

Corporation,

Multifamily

Housing

Revenue

Bonds,

Tupelo

Personal

Care

Apartments,

Series

2004-2,

6.125%,

9/01/34,

(AMT)

6/24

at

100.00

427,297

Total

Mississippi

755,802

Missouri

-

4.3%

(2.7%

of

Total

Investments)

7,090

(e)

Kansas

City

Industrial

Development

Authority,

Missouri,

Airport

Special

Obligation

Bonds,

Kansas

City

International

Airport

Terminal

Modernization

Project,

Series

2019B,

5.000%,

3/01/54,

(AMT),

(UB)

3/29

at

100.00

7,115,926

5,000

(e)

Kansas

City

Industrial

Development

Authority,

Missouri,

Airport

Special

Obligation

Bonds,

Kansas

City

International

Airport

Terminal

Modernization

Project,

Series

2020A,

5.000%,

3/01/57

-

AGM

Insured,

(AMT),

(UB)

3/30

at

100.00

5,067,146

655

(d)

Kansas

City

Industrial

Development

Authority,

Missouri,

Sales

Tax

Revenue

Bonds,

Ward

Parkway

Center

Community

Improvement

District,

Senior

Refunding

&

Improvement

Series

2016,

5.000%,

4/01/46

4/26

at

100.00

573,177

9,740

(e)

Kansas

City,

Missouri,

Special

Obligation

Bonds,

Main

Streetcar

Expansion

Project,

Refunding

&

Improvement

Series

2022C,

4.000%,

9/01/46,

(UB)

9/32

at

100.00

9,345,225

2,000

(d)

Liberty,

Missouri,

Special

Obligation

Tax

Increment

and

Special

Districts

Bonds,

Liberty

Commons

Project,

Subordinate

Lien

Series

2015B,

8.500%,

6/15/46

6/25

at

100.00

1,824,751

5,000

(e)

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Mercy

Health,

Series

2023,

5.000%,

12/01/52,

(UB)

12/33

at

100.00

5,238,591

2,000

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Mercy

Health,

Series

2023,

5.000%,

12/01/52

12/33

at

100.00

2,095,436

2,000

Missouri

Southern

State

University,

Auxiliary

Enterprise

System

Revenue

Bonds,

Series

2021,

4.000%,

10/01/44

10/31

at

100.00

1,656,136

478

(d)

North

Outer

Forty

Transportation

Development

District,

Chesterfield,

Missouri,

Transportation

Development

Revenue

Notes,

Refunding

Series

2021A,

4.000%,

12/01/46

5/24

at

100.00

343,297

Saint

Louis

County,

Missouri,

Special

Obligation

Bonds,

Community

Center

Projects,

Series

2022A

:

8,050

(e)

4.000%,

12/01/40,

(UB)

12/30

at

100.00

7,992,171

8,970

(e)

4.000%,

12/01/41,

(UB)

12/30

at

100.00

8,869,522

1,351

Saint

Louis,

Missouri,

Tax

Increment

Financing

Revenue

Bonds,

Fashion

Square

Redevelopment

Project,

Series

2008A,

6.300%,

8/22/26

9/24

at

100.00

351,260

732

(c)

Saint

Louis,

Missouri,

Tax

Increment

Financing

Revenue

Bonds,

Grace

Lofts

Redevelopment

Projects,

Series

2007A,

2.100%,

12/31/26

No

Opt.

Call

32,208

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

124

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Missouri

(continued)

$

1,230

Universal

City

Industrial

Development

Authority,

Missouri,

Revenue

Bonds,

Tax

Increment

and

Special

District

Markets

at

Olive

Project

Series

2023A,

5.500%,

6/15/42

6/33

at

100.00

$

1,213,326

Total

Missouri

51,718,172

Nebraska

-

1.2%

(0.7%

of

Total

Investments)

5,495

(e)

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2023E,

4.750%,

9/01/48,

(UB)

No

Opt.

Call

5,555,177

8,425

(e)

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2024A,

4.800%,

9/01/54,

(UB)

3/33

at

100.00

8,465,164

Total

Nebraska

14,020,341

Nevada

-

0.1%

(0.1%

of

Total

Investments)

2,000

(c),(d)

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

BioFuels

LLC

Project,

Green

Series

2020,

6.750%,

2/15/38

2/31

at

100.00

200,000

1,000

(c),(d),(g)

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

BioFuels

LLC

Project,

Series

2017,

6.250%,

12/15/37,

(AMT)

12/27

at

100.00

150,970

2,000

(c),(d)

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

Holdings

LLC,

Green

Series

2019,

5.750%,

2/15/38,

(AMT)

8/29

at

100.00

200,000

885

Henderson,

Nevada,

Local

Improvement

District

No.

T-20

Rainbow

Canyon,

Local

Improvement

Bonds,

Series

2018,

5.375%,

9/01/48

9/28

at

100.00

879,455

Total

Nevada

1,430,425

New

Jersey

-

4.0%

(2.5%

of

Total

Investments)

2,500

(e)

New

Jersey

Economic

Development

Authority,

New

Jersey,

Transit

Transportation

Project

Revenue

Bonds,

Portal

North

Bridge

Project

Series

2022A,

5.000%,

11/01/52,

(UB)

11/32

at

100.00

2,609,441

9,500

(e),(h)

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Series

2017DDD,

5.000%,

6/15/42,

(Pre-refunded

6/15/27),

(UB)

6/27

at

100.00

10,037,221

2,080

New

Jersey

Economic

Development

Authority,

Special

Facilities

Revenue

Bonds,

Continental

Airlines

Inc.,

Series

2000A

&

2000B,

5.625%,

11/15/30,

(AMT)

5/24

at

101.00

2,098,460

40,000

(e)

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Refunding

Series

2006C,

0.000%,

12/15/35

-

AMBAC

Insured,

(UB)

No

Opt.

Call

25,388,855

6,790

(e)

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2020AA,

5.000%,

6/15/50,

(UB)

12/30

at

100.00

6,958,578

2,050

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018B,

5.000%,

6/01/46

6/28

at

100.00

2,070,219

Total

New

Jersey

49,162,774

New

Mexico

-

0.3%

(0.2%

of

Total

Investments)

265

Mariposa

East

Public

Improvement

District,

New

Mexico,

Revenue

Bonds,

Capital

Appreciation

Taxable

Series

2015D,

0.000%,

3/01/32

9/24

at

69.05

132,929

40

Mariposa

East

Public

Improvement

District,

New

Mexico,

Special

Levy

Revenue

Bonds,

Series

2015A,

5.900%,

9/01/32

9/25

at

100.00

37,913

170

Mariposa

East

Public

Improvement

District,

New

Mexico,

Special

Levy

Revenue

Bonds,

Series

2015B,

5.900%,

9/01/32

9/25

at

100.00

163,218

305

Mariposa

East

Public

Improvement

District,

New

Mexico,

Special

Levy

Revenue

Bonds,

Series

2015C,

5.900%,

9/01/32

No

Opt.

Call

284,481

125

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

Mexico

(continued)

$

1,210

Mesa

Del

Sol

Public

Improvement

District

1,

Albuquerque,

New

Mexico,

Special

Levy

Revenue

Bonds,

Series

2013,

7.250%,

10/01/43

5/24

at

100.00

$

1,176,421

1,020

Volterra

Public

Improvement

District,

Albuquerque,

New

Mexico,

Special

Levy

Revenue

Bonds,

Series

2014,

6.750%,

10/01/33

10/24

at

100.00

1,023,713

1,500

(d)

Winrock

Town

Center

Tax

Increment

Development

District

1,

Albuquerque,

New

Mexico,

Gross

Receipts

Tax

Increment

Bonds,

Subordinate

Lien

Series

2020,

8.000%,

5/01/40

5/24

at

103.00

1,411,144

Total

New

Mexico

4,229,819

New

York

-

12.5%

(7.8%

of

Total

Investments)

1,095

Babylon

Local

Development

Corporation

II,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2023A,

6.650%,

2/01/53

2/33

at

100.00

1,103,506

610

Build

New

York

City

Resource

Corporation,

New

York,

Revenue

Bonds,

New

World

Preparatory

Charter

School

Project,

Series

2021A,

4.000%,

6/15/41

6/31

at

100.00

514,735

4,255

(d)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Albert

Einstein

College

of

Medicine,

Inc,

Series

2015,

5.500%,

9/01/45

9/25

at

100.00

4,255,184

1,000

(d)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Albert

Einstein

College

of

Medicine,

Inc,

Series

2023,

7.250%,

6/01/55

12/30

at

100.00

1,059,833

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020A-1

:

5,000

(d)

5.250%,

6/01/40

12/30

at

100.00

4,775,026

2,000

(d)

5.500%,

6/01/55

12/30

at

100.00

1,787,828

3,000

(d)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020C-1,

5.000%,

6/01/40

12/30

at

100.00

2,786,630

2,000

(d)

Dormitory

Authority

of

the

State

of

New

York,

General

Revenue

Bonds,

American

Musical

and

Dramatic

Academy

Inc.,

Series

2023A,

7.250%,

7/01/53

7/33

at

100.00

2,063,121

9,000

(e)

Dormitory

Authority

of

the

State

of

New

York,

General

Revenue

Bonds,

Northwell

Health

Obligated

Group,

Series

2022A,

4.250%,

5/01/52

-

AGM

Insured,

(UB)

5/32

at

100.00

8,851,428

1,220

Dormitory

Authority

of

the

State

of

New

York,

General

Revenue

Bonds,

Yeshiva

University,

Series

2022A,

5.000%,

7/15/50

7/32

at

100.00

1,198,681

200

(d)

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Orange

Regional

Medical

Center

Obligated

Group,

Series

2017,

5.000%,

12/01/36

6/27

at

100.00

179,099

650

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Saint

Josephs

College,

Series

2021,

5.000%,

7/01/51

7/30

at

100.00

576,637

2,000

Dormitory

Authority

of

the

State

of

New

York,

State

Personal

Income

Tax

Revenue

Bonds,

General

Purpose,

Bidding

Group

5

Series

2021E,

4.000%,

3/15/49

3/32

at

100.00

1,906,441

1,000

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2020A,

5.730%,

2/01/50

2/30

at

100.00

907,710

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2021A

:

2,360

4.050%,

2/01/31

2/30

at

100.00

2,180,408

1,000

4.600%,

2/01/51

2/30

at

100.00

751,244

1,000

(c)

Madison

County

Capital

Resource

Corporation,

New

York,

Revenue

Bonds,

Cazenovia

College

Project,

Series

2019A,

5.500%,

9/01/23

9/22

at

100.00

580,000

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

126

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

York

(continued)

$

10,000

(e)

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020C-1,

5.000%,

11/15/50,

(UB)

5/30

at

100.00

$

10,330,987

1,000

(e)

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020D-1,

5.000%,

11/15/43,

(UB)

11/30

at

100.00

1,051,659

1,000

(e)

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020D-3,

4.000%,

11/15/49,

(UB)

11/30

at

100.00

906,910

11,850

(e)

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Neighborhood

Green

Series

2018K,

4.125%,

11/01/53,

(UB)

9/26

at

100.00

11,096,031

New

York

City

Industrial

Development

Agency,

New

York,

Civic

Facility

Revenue

Bonds,

Bronx

Parking

Development

Company,

LLC

Project,

Series

2007

:

1,500

(c)

2.300%,

10/01/37

5/24

at

100.00

960,000

5,000

(c)

2.350%,

10/01/46

5/24

at

100.00

3,200,000

2,500

(e)

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2024

Series

A,

5.000%,

8/01/51,

(UB)

8/33

at

100.00

2,655,249

2,500

(d)

New

York

Liberty

Development

Corporation,

New

York,

Liberty

Revenue

Bonds,

3

World

Trade

Center

Project,

Class

1

Series

2014,

5.000%,

11/15/44

11/24

at

100.00

2,477,775

2,250

(d)

New

York

Liberty

Development

Corporation,

New

York,

Liberty

Revenue

Bonds,

3

World

Trade

Center

Project,

Class

2

Series

2014,

5.150%,

11/15/34

11/24

at

100.00

2,255,608

7,000

(d)

New

York

Liberty

Development

Corporation,

New

York,

Liberty

Revenue

Bonds,

3

World

Trade

Center

Project,

Class

3

Series

2014,

7.250%,

11/15/44

11/24

at

100.00

7,040,846

2,000

New

York

State

Urban

Development

Corporation,

State

Sales

Tax

Revenue

Bonds,

Series

2021A,

3.000%,

3/15/50

9/31

at

100.00

1,466,471

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A

:

1,000

5.000%,

7/01/46,

(AMT)

7/24

at

100.00

975,336

15,990

(e)

5.250%,

1/01/50,

(AMT),

(UB)

7/24

at

100.00

15,830,063

1,000

5.250%,

1/01/50,

(AMT)

7/24

at

100.00

989,998

10,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Refunding

Series

2016,

5.000%,

8/01/31,

(AMT)

5/24

at

100.00

10,000,703

3,070

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Series

2020,

5.375%,

8/01/36,

(AMT)

8/30

at

100.00

3,232,356

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

New

Terminal

1

John

F

Kennedy

International

Airport

Project,

Green

Series

2023

:

3,895

(e)

5.000%,

6/30/49

-

AGM

Insured,

(AMT),

(UB)

6/31

at

100.00

4,01

4,791

2,000

6.000%,

6/30/54,

(AMT)

6/31

at

100.00

2,193,005

5,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2023,

5.625%,

4/01/40,

(AMT)

4/31

at

100.00

5,437,006

1,000

Niagara

Area

Development

Corporation,

New

York,

Revenue

Bonds;

Catholic

Health

System,

Inc,

Series

2022,

4.500%,

7/01/52

7/32

at

100.00

760,803

127

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

York

(continued)

$

9,000

(e)

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Thirty

Two

Series

2022,

4.625%,

8/01/52,

(AMT),

(UB)

8/32

at

100.00

$

9,102,484

7,000

(e)

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Thirty-Six

Series

2022,

5.000%,

1/15/52,

(AMT),

(UB)

1/33

at

100.00

7,207,327

855

Suffolk

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2021B-2,

0.000%,

6/01/66

6/31

at

27.72

82,313

3,000

Triborough

Bridge

and

Tunnel

Authority,

New

York,

Sales

Tax

Revenue

Bonds,

MTA

Bridges

&

Tunnels,

TBTA

Capital

Lockbox-City

Sales

Tax,

Series

2024A-1,

5.250%,

5/15/59

5/34

at

100.00

3,250,015

2,000

TSASC

Inc.,

New

York,

Tobacco

Asset-Backed

Bonds,

Series

2006,

5.000%,

6/01/48

6/27

at

100.00

1,779,433

Westchester

County

Local

Development

Corporation,

New

York,

Revenue

Bond,

Purchase

Senior

Learning

Community,

Inc.

Project,

Accd

Inv

Series

2021A

:

5,000

(d)

4.500%,

7/01/56

7/27

at

104.00

4,209,782

1,025

(d)

5.000%,

7/01/56

7/27

at

104.00

939,363

2,475

Westchester

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Westchester

Medical

Center

Obligated

Group

Project,

Refunding

Series

2016,

5.000%,

11/01/46

11/25

at

100.00

2,344,483

420

Westchester

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Westchester

Medical

Center

Obligated

Group

Project,

Series

2023,

6.250%,

11/01/52

11/33

at

100.00

468,644

250

(d)

Western

Regional

Off-Track

Betting

Corporation,

New

York,

Tax

Exempt

Revenue

Bonds,

Additional

Secured

General

Obligation

Series

2021,

4.125%,

12/01/41

6/31

at

100.00

194,921

Total

New

York

151,931,873

North

Carolina

-

0.3%

(0.2%

of

Total

Investments)

10,000

North

Carolina

Turnpike

Authority,

Triangle

Expressway

System

Revenue

Bonds,

Capital

Appreciation

Series

2019,

0.000%,

1/01/48

1/30

at

55.97

3,187,484

Total

North

Carolina

3,187,484

North

Dakota

-

0.1%

(0.1%

of

Total

Investments)

1,973

(c)

Williston,

North

Dakota,

Multifamily

Housing

Revenue

Bonds,

Eagle

Crest

Apartments

LLC

Project,

Series

2013,

7.750%,

9/01/38

5/24

at

100.00

986,462

Total

North

Dakota

986,462

Ohio

-

4.2%

(2.6%

of

Total

Investments)

124,335

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Capital

Appreciation

Series

2020B-3

Class

2,

0.000%,

6/01/57

6/30

at

22.36

12,327,032

8,640

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020B-2

Class

2,

5.000%,

6/01/55

6/30

at

100.00

7,833,211

920

(d)

Cleveland-Cuyahoga

County

Port

Authority,

Ohio,

Tax

Increment

Financing

Revenue

Bonds,

Flats

East

Bank

Project,

Refunding

Senior

Series

2021A,

4.000%,

12/01/55

12/29

at

100.00

724,334

3,900

County

of

Lucas,

Ohio,

Hospital

Revenue

Bonds,

ProMedica

Healthcare

Obligated

Group,

Series

2018A,

5.250%,

11/15/48

11/28

at

100.00

3,878,361

340

Evans

Farm

New

Communty

Authority,

Ohio,

Community

Development

Charge

Revenue

Bonds,

Evans

Farm

Mixed-Use

Project,

Series

2020,

4.000%,

12/01/46

6/29

at

100.00

263,312

3,890

(d)

Jefferson

County

Port

Authority,

Ohio,

Economic

Development

Revenue

Bonds,

JSW

Steel

USA

Ohio,

Inc.

Project,

Series

2023,

5.000%,

12/01/53,

(AMT),

(Mandatory

Put

12/01/28)

9/28

at

100.00

3,930,467

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

128

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Ohio

(continued)

$

4,500

(d)

Ohio

Air

Quality

Development

Authority,

Ohio,

Exempt

Facilities

Revenue

Bonds,

AMG

Vanadium

Project,

Series

2019,

5.000%,

7/01/49,

(AMT)

7/29

at

100.00

$

4,143,315

1,300

Ohio

Air

Quality

Development

Authority,

Ohio,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Generation

Corporation

Project,

Refunding

Series

2009D,

3.375%,

8/01/29

No

Opt.

Call

1,224,122

1,775

(e)

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024A,

4.550%,

9/01/49,

(UB)

9/33

at

100.00

1,758,590

11,300

Ohio

Water

Development

Authority,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Nuclear

Generating

Corporation

Project,

Series

2010B,

4.750%,

6/01/33,

(Mandatory

Put

6/01/22)

No

Opt.

Call

11,704,744

990

Port

of

Greater

Cincinnati

Development

Authority,

Ohio,

Special

Obligation

Tax

Increment

Financing

Revenue

Bonds,

Cooperative

Township

Public

Parking

Project,

Gallery

at

Kenwood,

Senior

Lien

Series

2019A,

5.000%,

11/01/51

11/30

at

100.00

799,539

2,000

Tuscarawas

County

Economic

Development

and

Finance

Alliance,

Ohio,

Higher

Education

Facilities

Revenue

Bonds,

Ashland

University,

Refunding

&

Improvement

Series

2015,

6.000%,

3/01/45

3/25

at

100.00

1,992,737

Total

Ohio

50,579,764

Oklahoma

-

1.7%

(1.1%

of

Total

Investments)

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

:

1,000

5.500%,

8/15/52

8/28

at

100.00

1,016,969

1,000

5.500%,

8/15/57

8/28

at

100.00

1,017,742

1,200

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Taxable

Series

2022,

5.500%,

8/15/44

8/32

at

100.00

1,199,531

15,000

Tulsa

Municipal

Airport

Trust,

Oklahoma,

Revenue

Bonds,

American

Airlines

Inc.,

Refunding

Series

2000B,

5.500%,

6/01/35,

(AMT)

5/24

at

100.00

15,002,905

2,600

Tulsa

Municipal

Airport

Trust,

Oklahoma,

Revenue

Bonds,

American

Airlines

Inc.,

Refunding

Series

2001B,

5.500%,

12/01/35,

(AMT)

5/24

at

100.00

2,600,504

Total

Oklahoma

20,837,651

Pennsylvania

-

1.6%

(1.0%

of

Total

Investments)

2,280

(d)

Allentown

Commercial

and

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Arts

Academy

Charter

Middle

School

Foundation

Project,

Series

2022A,

5.000%,

6/15/57

6/29

at

103.00

1,950,594

900

(d)

Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

615

Waterfront

Project,

Senior

Series

2021,

6.000%,

5/01/42

5/31

at

100.00

931,009

1,250

(d)

Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

City

Center

Project,

Subordinate

Lien,

Series

2018,

5.125%,

5/01/32

5/28

at

100.00

1,253,783

500

Beaver

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Generation

Project,

Series

2008B,

3.750%,

10/01/47

4/31

at

100.00

395,018

1,000

(d)

Dauphin

County

General

Authority,

Pennsylvania,

Revenue

Bonds,

Harrisburg

University

of

Science

&

Technology

Project,

Series

2017,

5.125%,

10/15/41

10/27

at

100.00

769,287

1,500

(d)

Dauphin

County

General

Authority,

Pennsylvania,

Revenue

Bonds,

Harrisburg

University

of

Science

&

Technology

Project,

Series

2020,

6.250%,

10/15/53

10/28

at

100.00

1,207,186

1,245

Lehigh

County

General

Purpose

Authority,

Pennsylvania,

Revenue

Bonds,

Good

Shepherd

Group,

Series

2021A,

4.000%,

11/01/51

11/31

at

100.00

1,013,738

129

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Pennsylvania

(continued)

$

2,000

Lehigh

County

Industrial

Development

Authority,

Pennsylvania,

Charter

School

Revenue

Bonds,

Seven

Generations

Charter

School,

Series

2021A,

4.000%,

5/01/51

5/30

at

100.00

$

1,457,892

1,000

Montgomery

County

Redevelopment

Authority,

Pennsylvania,

Special

Obligation

Revenue

Bonds,

River

Pointe

Project

Series

2023,

6.500%,

9/01/43

9/33

at

100.00

1,004,114

1,720

(c),(d),(g)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-1,

10.000%,

12/01/40

6/30

at

100.00

172

1,720

(c),(d),(g)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-2,

10.000%,

12/01/40,

(AMT)

6/30

at

100.00

172

2,970

(c),(g)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2021A,

10.000%,

12/01/31

No

Opt.

Call

297

7,730

(e)

Pennsylvania

Economic

Development

Financing

Authority,

Pennsylvania,

Private

Activity

Revenue

Bonds,

The

PennDOT

Major

Bridges

Package

One

Project,

Series

2022,

5.000%,

12/31/57

-

AGM

Insured,

(AMT),

(UB)

12/32

at

100.00

8,055,009

1,000

(d)

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

Mariana

Bracetti

Academy

Project,

Series

2020A,

5.375%,

6/15/50

12/27

at

100.00

913,097

1,000

(d)

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

Mariana

Bracetti

Academy

Project,

Taxable

Series

2020B,

5.125%,

12/15/44

12/27

at

100.00

908,780

135

The

Redevelopment

Authority

of

the

City

of

Scranton,

Lackawanna

county,

Pennsylvania,

Guaranteed

Lease

Revenue

Bonds,

Series

2016A,

5.000%,

11/15/28

5/24

at

100.00

135,033

Total

Pennsylvania

19,995,181

Puerto

Rico

-

9.8%

(6.1%

of

Total

Investments)

682

HTA

Claas

6,

Puerto

Rico

Highway

and

Transportation

Authority

Highway

Revenue

Bonds,

Series

2022,

5.250%,

7/01/38

5/24

at

100.00

682,324

2,000

(d)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A,

5.000%,

7/01/35

7/30

at

100.00

2,102,109

8,625

(c)

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Federally

Taxable

Build

America

Bonds,

Series

2010YY,

6.125%,

7/01/40

5/24

at

100.00

1,609,623

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Series

2010AAA

:

1,185

(c)

5.250%,

7/01/28

5/24

at

100.00

234,593

1

(c)

5.250%,

7/01/28

5/24

at

100.00

265

890

(c)

5.250%,

7/01/29

5/24

at

100.00

176,243

655

(c)

5.250%,

7/01/31

5/24

at

100.00

129,506

3

(c)

5.250%,

7/01/31

5/24

at

100.00

795

3,000

(c)

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Series

2010ZZ,

5.250%,

7/01/25

5/24

at

100.00

552,070

185

(c)

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Series

2013A,

5.050%,

1/01/24

7/23

at

100.00

36,033

2,000

(c)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2003NN,

5.500%,

1/31/24

No

Opt.

Call

376,475

1,025

(c)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2007TT,

5.000%,

7/01/37

5/24

at

100.00

203,351

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2008WW

:

710

(c)

5.375%,

1/01/24

No

Opt.

Call

137,691

360

(c)

5.375%,

1/01/24

No

Opt.

Call

69,815

375

(c)

5.250%,

7/01/33

5/24

at

100.00

71,827

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

130

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Puerto

Rico

(continued)

$

5,690

(c)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2010AAA,

5.250%,

1/01/24

No

Opt.

Call

$

1,130,994

405

(c)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2010CCC,

5.000%,

7/01/28

5/24

at

100.00

78,990

1,350

(c)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2010XX,

5.250%,

7/01/40

5/24

at

100.00

275,257

4,000

(c)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2010ZZ,

5.250%,

1/01/24

No

Opt.

Call

890,621

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2013A

:

1,000

(c)

6.750%,

7/01/36

5/24

at

100.00

181,802

4,835

(c)

5.000%,

7/01/42

5/24

at

100.00

974,455

5,500

(c)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Taxable

Series

2010EEE,

6.050%,

7/01/32

5/24

at

100.00

1,028,650

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

:

42,500

0.000%,

7/01/46

7/28

at

41.38

13,326,950

183,530

0.000%,

7/01/51

7/28

at

30.01

42,082,310

7,750

5.000%,

7/01/58

7/28

at

100.00

7,750,914

14,000

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

13,731,084

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

:

0

(i)

5.625%,

7/01/27

No

Opt.

Call

95

4,201

0.000%,

7/01/33

7/31

at

89.94

2,756,467

6,979

4.000%,

7/01/41

7/31

at

103.00

6,493,152

14,018

4.000%,

7/01/46

7/31

at

103.00

12,639,349

15,521

Puerto

Rico,

General

Obligation

Bonds,

Vintage

CW

NT

Claims

Taxable

Series

2022,

0.000%,

11/01/43

No

Opt.

Call

9,254,384

Total

Puerto

Rico

118,978,194

Rhode

Island

-

0.3%

(0.2%

of

Total

Investments)

18,260

Rhode

Island

Tobacco

Settlement

Financing

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2007A,

0.000%,

6/01/52

5/24

at

19.06

3,162,922

Total

Rhode

Island

3,162,922

South

Carolina

-

1.9%

(1.2%

of

Total

Investments)

220

(d)

Hardeeville,

South

Carolina,

Special

Assessment

Revenue

Bonds,

East

Argent

Improvement

District,

Series

2021,

4.000%,

5/01/52

5/29

at

100.00

152,018

Lancaster

County,

South

Carolina,

Special

Assessment

Bonds,

Edgewater

II

Improvement

District,

Capital

Appreciation

Series

2007-A&B

:

7,230

0.000%,

11/01/39

5/24

at

30.97

1,920,416

7,020

0.000%,

11/01/39

5/24

at

30.97

1,630,240

400

(d)

South

Carolina

Jobs-Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

Hilton

Head

Christian

Academy,

Series

2020,

5.000%,

1/01/55

1/30

at

100.00

342,694

940

(d)

South

Carolina

Jobs-Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

Midland

Valley

Preparatory

School

Project,

Series

2014,

7.750%,

11/15/45

11/26

at

100.00

990,992

2,960

South

Carolina

Jobs-Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

Patriots

Place

Apartments

Project,

Series

2022A-1,

5.750%,

6/01/52

No

Opt.

Call

2,184,439

1,000

(d)

South

Carolina

Jobs-Economic

Development

Authority,

Educational

Facilities

Revenue

Bonds,

Horse

Creek

Academy

Project,

Series

2021A,

5.000%,

11/15/55

11/26

at

100.00

880,855

131

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

South

Carolina

(continued)

$

1,585

South

Carolina

Jobs-Economic

Development

Authority,

Educational

Facilities

Revenue

Bonds,

Riverwalk

Academy

Project

Series

2023A,

7.250%,

6/15/58

6/33

at

100.00

$

1,625,682

235

(d)

South

Carolina

Jobs-Economic

Development

Authority,

Educational

Facilities

Revenue

Bonds,

Virtus

Academy

Project,

Series

2023A,

7.125%,

6/15/58

6/31

at

100.00

240,158

South

Carolina

Jobs-Economic

Development

Authority,

Hospital

Revenue

Bonds,

Prisma

Health

Obligated

Group,

Series

2018A

:

2,980

(e)

5.000%,

5/01/38,

(UB)

5/28

at

100.00

3,063,499

9,895

(e)

5.000%,

5/01/48,

(UB)

5/28

at

100.00

9,976,725

Total

South

Carolina

23,007,718

Tennessee

-

0.6%

(0.4%

of

Total

Investments)

1,000

(c)

Memphis/Shelby

County

Economic

Development

Growth

Engine

Industrial

Development

Board,

Tennessee,

Tax

Increment

Revenue

Bonds,

Graceland

Project,

Senior

Series

2017A,

5.625%,

1/01/46

7/27

at

100.00

589,599

150

(d)

Metropolitan

Government

of

Nashville-Davidson

County

Industrial

Development

Board,

Tennessee,

Special

Assessment

Revenue

Bonds,

South

Nashville

Central

Business

Improvement

District,

Series

2021A,

4.000%,

6/01/51

6/31

at

100.00

121,127

5,000

(c),(d)

The

Health

and

Educational

Facilities

Board

of

the

City

of

Franklin,

Tennessee,

Revenue

Bonds,

Provision

Cares

Proton

Therapy

Center,

Nashville

Project,

Series

2017A,

7.500%,

6/01/47

6/27

at

100.00

217,500

6,024

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2006B,

5.625%,

9/01/26

No

Opt.

Call

6,087,301

900

(c),(d)

Wilson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Senior

Living

Revenue

Bonds,

Rutland

Place

Inc.

Project,

Series

2015A,

4.400%,

1/01/46

5/24

at

100.00

551,089

Total

Tennessee

7,566,616

Texas

-

6.6%

(4.2%

of

Total

Investments)

2,000

(d)

Abilene

Convention

Center

Hotel

Development

Corporation,

Texas,

Hotel

Revenue

Bonds,

Second-Lien

Series

2021B,

5.000%,

10/01/50

10/31

at

100.00

1,710,353

1,000

(d)

Anna,

Texas,

Special

Assessment

Revenue

Bonds,

Sherley

Tract

Public

Improvement

District

2

Area

1

Project,

Series

2021,

4.000%,

9/15/41

9/31

at

100.00

841,205

1,000

Arlington

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Legacy

Traditional

Schools

-

Texas

Project,

Refunding

Series

2021A,

4.500%,

2/15/56

2/30

at

100.00

704,015

830

Austin,

Travis,

Williamson

and

Hays

Counties,

Texas,

Special

Assessment

Revenue

Bonds,

Estancia

Hill

Country

Public

Improvement

District,

Series

2013,

6.000%,

11/01/28

5/24

at

100.00

830,193

300

(d)

Bee

Cave,

Travis

County,

Texas,

Special

Assessment

Revenue

Bonds,

Backyard

Public

Improvement

District

Project,

Series

2021,

5.250%,

9/01/51

9/31

at

100.00

273,321

500

(d)

Celina,

Texas,

Special

Assessment

Revenue

Bonds,

Celina

Sutton

Fields

II

Public

Improvement

District

Neighborhood

Improvement

Areas

2-3

Project,

Series

2019,

4.250%,

9/01/49

9/29

at

100.00

417,963

1,000

(d)

Celina,

Texas,

Special

Assessment

Revenue

Bonds,

North

Sky

Public

Improvement

District

Major

Improvements

Area

Project,

Series

2023,

6.125%,

9/01/52

9/33

at

100.00

984,801

2,935

(d)

Celina,

Texas,

Special

Assessment

Revenue

Bonds,

Sutton

Fields

II

Public

Improvement

District

Neighborhood

Improvement

Area

5

Project,

Series

2022,

4.000%,

9/01/51

9/31

at

100.00

2,302,455

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

132

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

500

(d)

Celina,

Texas,

Special

Assessment

Revenue

Bonds,

The

Parks

at

Wilson

Creek

Public

Improvement

District

Initial

Major

Improvement

Project,

Series

2021,

4.500%,

9/01/51

9/31

at

100.00

$

425,985

165

(d)

Fate,

Rockwall

County,

Texas,

Special

Assessment

Revenue

Bonds,

Williamsburg

Public

Improvement

District

1

Phase

2B,

2C

&

3A1,

Series

2019,

4.250%,

8/15/49

8/27

at

100.00

139,575

1,500

Fort

Bend

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

NRG

Energy

Inc.

Project,

Series

2012A.

RMKT,

4.750%,

5/01/38

5/24

at

100.00

1,499,947

1,000

Gulf

Coast

Industrial

Development

Authority,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Citgo

Petroleum

Corporation

Project,

Series

1998,

8.000%,

4/01/28,

(AMT)

5/24

at

100.00

1,000,977

125

(d)

Haslett,

Texas,

Special

Assessment

Revenue

Bonds,

Haslet

Public

Improvement

District

5

Improvement

Area

1

Project,

Series

2019,

4.375%,

9/01/49

9/29

at

100.00

105,864

670

Heart

of

Texas

Education

Finance

Corporation,

Texas,

Gateway

Charter

Academy,

Series

2006A,

6.000%,

2/15/36

5/24

at

100.00

668,249

1,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

Continental

Airlines

Inc.

-

Terminal

Improvement

Project,

Refunding

Series

2011,

6.625%,

7/15/38,

(AMT)

5/24

at

100.00

1,000,662

500

(d)

Hutto,

Williams

County

Texas,

Special

Assessment

Revenue

Bonds,

Emory

Crossing,

Public

Improvement

Area

1

Project

Series

2021,

4.000%,

9/01/56

9/29

at

100.00

392,066

1,075

(d)

Hutto,

Williams

County

Texas,

Special

Assessment

Revenue

Bonds,

Emory

Crossing,

Public

Improvement

Area

2

Project

Series

2023,

5.625%,

9/01/58

9/31

at

100.00

1,078,269

4,000

Legato

Community

Authority,

Commerce

City,

Texas,

Limited

Tax

Supported

Revenue

Bonds,

District

1,

2,

3

&

7,

Convertible

Capital

Appreciation

Series

2021A-2,

5.000%,

12/01/51

6/26

at

100.67

2,739,584

1,000

Legato

Community

Authority,

Commerce

City,

Texas,

Limited

Tax

Supported

Revenue

Bonds,

District

1,

2,

3

&

7,

Series

2021B,

8.250%,

12/15/51

6/26

at

103.00

900,875

Manor,

Texas,

Special

Assessment

Revenue

Bonds,

Manor

Heights

Public

Improvement

District

Major

Improvement

Area

Project,

Series

2021

:

900

(d)

4.125%,

9/15/41

9/31

at

100.00

765,116

1,500

(d)

4.375%,

9/15/51

9/31

at

100.00

1,231,476

1,170

(d)

McLendon-Chisholm,

Texas,

Special

Assessment

Revenue

Bonds,

Sonoma

Public

Improvement  District

Improvement

Area

2

Project,

Series

2019,

4.250%,

9/15/39

9/29

at

100.00

1,063,394

Mesquite,

Texas,

Special

Assessment

Bonds,

Iron

Horse

Public

Improvement

District

Project,

Series

2019

:

300

(d)

5.750%,

9/15/39

9/29

at

100.00

301,176

500

(d)

6.000%,

9/15/49

9/29

at

100.00

504,675

1,125

Missouri

City

Management

District

1,

Fort

Bend

County,

Texas,

General

Obligation  Bonds,

Road

Series

2021,

3.000%,

9/01/46

9/27

at

100.00

822,120

20,000

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Senior

Living

Revenue

Bonds,

Sanctuary

LTC

LLC

Project,

Series

2021A-1,

5.500%,

1/01/57

1/28

at

103.00

16,604,838

1,000

(h)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Student

Housing

Revenue

Bonds,

CHF-Collegiate

Housing

Foundation

-

San

Antonio

1,

L.L.C.

-

Texas

A&M

University

-

San

Antonio

Project,

Series

2016A,

5.000%,

4/01/48,

(Pre-refunded

4/01/26)

4/26

at

100.00

1,026,581

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Student

Housing

Revenue

Bonds,

NCCD

-

College

Station

Properties

LLC

-

Texas

A&M

University

Project,  Series

2015A

:

133

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

1,250

(c)

5.000%,

7/01/35

7/25

at

100.00

$

1,159,375

2,445

(c)

5.000%,

7/01/47

7/25

at

100.00

2,267,737

1,070

(d)

Oak

Point,

Denton

County,

Texas,

Special

Assessment

Revenue

Bonds,

Oak

Point

Public

Imporvement

District

2

Project,

Series

2020,

4.000%,

9/01/50

9/30

at

100.00

849,498

250

(d)

Pilot

Point,

Texas,

Special

Assessment

Revenue

Bonds,

Creekview

Public

Improvement

District

Zone

A

Improvement

Area

1

Project,

Series

2022,

5.625%,

9/15/52

9/32

at

100.00

243,926

325

(d)

Pilot

Point,

Texas,

Special

Assessment

Revenue

Bonds,

Creekview

Public

Improvement

District

Zone

B

Improvement

Area

1

Project,

Series

2022,

5.625%,

9/15/52

9/32

at

100.00

317,104

2,000

(d)

Plano,

Collin

and

Denton

Counties,

Texas,

Special

Assessment

Revenue

Bonds,

Collin

Creek

East

Public

Improvement

District

Project,

Series

2021,

4.375%,

9/15/51

9/31

at

100.00

1,574,582

440

(d)

Port

Beaumont

Navigation

District,

Jefferson

County,

Texas,

Dock

and

Wharf

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2020,

4.000%,

1/01/50,

(AMT)

5/24

at

101.00

340,254

7,000

(d)

Port

Beaumont

Navigation

District,

Jefferson

County,

Texas,

Dock

and

Wharf

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2021A,

3.000%,

1/01/50,

(AMT)

5/24

at

103.00

4,440,166

Port

Freeport,

Brazoria

County,

Texas,

Revenue

Bonds,

Senior

Lien

Series

2019A

:

1,650

4.000%,

6/01/38,

(AMT)

6/29

at

100.00

1,571,674

1,620

4.000%,

6/01/39,

(AMT)

6/29

at

100.00

1,527,743

1,000

Princeton,

Collins

County,

Texas,

Special

Assessment

Revenue

Bonds,

Winchester

Public

Improvement

District

2

Project,

Series

2022,

5.250%,

9/01/52

9/30

at

100.00

939,807

205

(d)

Princeton,

Texas,

Special

Assessment

Revenue

Bonds,

Whitewing

Trails

Public

Improvement

District

2

Phase

1

Project,

Series

2019,

4.750%,

9/01/49

9/29

at

100.00

181,756

185

(d)

Princeton,

Texas,

Special

Assessment

Revenue

Bonds,

Whitewing

Trails

Public

Improvement

District

2

Phase

2-6

Major

Improvement

Project,

Series

2019,

5.500%,

9/01/39

9/29

at

100.00

185,842

1,000

(d)

Red

Oak,

Ellis

County,

Texas,

Special

Assessment

Revenue

Bonds,

Red

Oak

Public

Improvement

District

1

Improvement

Area

1

Project,

Series

2021,

4.000%,

9/15/51

9/30

at

100.00

792,563

2,000

(c)

Red

River

Health

Facilities

Development

Corporation,

Texas,

First

Mortgage

Revenue

Bonds,

Eden

Home

Inc.,

Series

2012,

7.000%,

12/15/32

5/24

at

100.00

1,200,000

145

Rowlett,

Texas,

Special

Assessment

Revenue

Bonds,

Bayside

Public

Improvement

District

North

Improvement

Area,

Series

2016,

5.750%,

9/15/36

5/24

at

102.00

144,699

7,000

(e)

Sherman,

Texas,

Combination

Tax

and

Revenue

Certificates

of

Obligation,

Series

2023,

5.000%,

8/15/53,

(UB)

8/33

at

100.00

7,348,237

5,000

(e)

Tarrant

County

Cultural

Education

Facilities,

Texas,

Finance

Corporation

Revenue

Bonds,

Christus

Health,

Refunding

Series

2018B,

5.000%,

7/01/48,

(UB)

1/29

at

100.00

5,081,565

10,000

Texas

Private

Activity

Bond

Surface

Transporation

Corporation,

Senior

Lien

Revenue

Bonds,

NTE

Mobility

Partners

Segments

3

LLC

Segments

3C

Project,

Series

2019,

5.000%,

6/30/58,

(AMT)

6/29

at

100.00

10,076,192

Total

Texas

80,578,455

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

134

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Utah

-

0.5%

(0.3%

of

Total

Investments)

$

2,500

(d)

Black

Desert

Public

Infrastructure

District,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2021A,

4.000%,

3/01/51

9/26

at

103.00

$

1,824,154

1,000

(d)

Black

Desert

Public

Infrastructure

District,

Utah,

Limited

Tax

General

Obligation

Bonds,

Subordinate

Series

2021B,

7.375%,

9/15/51

9/26

at

103.00

813,701

1,000

Military

Installation

Development

Authority,

Utah,

Tax

Allocation

and

Hotel

Tax

Revenue

Bonds,

Series

2021A-1,

4.000%,

6/01/52

9/26

at

103.00

716,854

2,000

(d)

ROAM

Public

Infrastructure

District

1,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2021A,

4.250%,

3/01/51

9/26

at

103.00

1,438,554

830

(d)

Utah

Charter

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Mountain

West

Montessori

Academy

Project,

Series

2020A,

5.000%,

6/15/49

12/29

at

100.00

721,011

970

(d)

Utah

Charter

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Paradigm

High

School

Project,

Series

2020A,

5.125%,

7/15/51

1/25

at

102.00

824,688

Total

Utah

6,338,962

Virgin

Islands

-

1.1%

(0.7%

of

Total

Investments)

Virgin

Islands

Public

Finance

Authority,

Gross

Receipts

Taxes

Loan

Note,

Refunding

Series

2014C

:

1,000

(d)

5.000%,

10/01/30

10/24

at

100.00

976,659

5,000

(d)

5.000%,

10/01/39

10/24

at

100.00

4,653,576

2,890

(d)

Virgin

Islands

Water

and

Power

Authority,

Electric

System

Revenue

Bonds,

Bond

Anticipation

Notes,

Senior

Series

2021A,

6.750%,

7/01/26

No

Opt.

Call

2,773,142

3,085

Virgin

Islands

Water

and

Power

Authority,

Electric

System

Revenue

Bonds,

Bond

Anticipation

Notes,

Taxable

Series

2022A,

7.750%,

7/01/24

No

Opt.

Call

3,067,488

215

Virgin

Islands

Water

and

Power

Authority,

Electric

System

Revenue

Bonds,

Bond

Anticipation

Notes,

Taxable

Series

2022B,

10.000%,

7/01/24

No

Opt.

Call

214,324

1,480

(d)

West

Indian

Company

Limited,

Virgin

Islands,

Port

Facilities

Revenue

Bonds,

WICO

Financing,

Series

2022B,

6.250%,

10/01/42,

(AMT)

10/29

at

104.00

1,444,991

Total

Virgin

Islands

13,130,180

Virginia

-

3.8%

(2.4%

of

Total

Investments)

762

(c)

Celebrate

Virginia

North

Community

Development

Authority,

Special

Assessment

Revenue

Bonds,

Series

2003B,

4.125%,

3/01/22

No

Opt.

Call

495,300

1,000

(d)

Cutalong

II

Community

Development

Authority,

Louisa

County,

Virginia,

Special

Assessment

Revenue

Bonds,

Cutalong

II

Project,

Series

2022,

4.500%,

3/01/55

3/27

at

103.00

787,526

10,000

(d)

Industrial

Development

Authority

of

the

City

of

Newport

News,

Virginia,

Health

System

Revenue

Bonds,

Riverside

Health

System,

Series

2017A,

5.000%,

7/01/46

7/27

at

100.00

9,689,355

11,495

(e)

Lynchburg

Economic

Development

Authority,

Virginia,

Hospital

Revenue

Bonds,

Centra

Health

Obligated

Group,

Refunding

Series

2021,

4.000%,

1/01/55,

(UB)

1/32

at

100.00

10,397,536

1,000

Tobacco

Settlement

Financing

Corporation

of

Virginia,

Tobacco

Settlement

Asset

Backed

Bonds,

Series

2007B1,

5.000%,

6/01/47

5/24

at

100.00

922,757

2,340

Virginia

Beach

Development

Authority,

Virginia,

Residential

Care

Facility

Revenue

Bonds,

Westminster

Canterbury

on

Chesapeake

Bay,

Series

2023A,

7.000%,

9/01/59

9/30

at

103.00

2,585,702

4,500

(e)

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2023A,

5.000%,

11/01/38,

(UB)

5/32

at

100.00

4,745,656

7,000

(d)

Virginia

Small

Business

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Provident

Resource

Group

-

Rixey

Student

Housing

Project,

Series

2019A,

5.500%,

7/01/54

7/34

at

100.00

6,062,335

135

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Virginia

(continued)

$

8,977

(d)

Virginia

Small

Business

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Provident

Resource

Group

-

Rixey

Student

Housing

Project,

Series

2019B,

6.525%,

7/01/52,

(cash

7.500%,

PIK

7.500%)

No

Opt.

Call

$

5,386,396

4,665

(d)

Virginia

Small

Business

Financing

Authority,

Sports

and

Entertainment

Facilities

Revenue

Bonds,

P3

VB

Holdings

LLC,

Senior

Series

2023A,

8.500%,

12/01/52

6/33

at

105.00

4,495,453

550

(d)

West

Falls

Community

Development

Authority,

Arlington

County,

Virginia,

Revenue

Bonds,

Series

2022A,

5.375%,

9/01/52

9/32

at

100.00

544,099

Total

Virginia

46,112,115

Washington

-

2.0%

(1.3%

of

Total

Investments)

1,000

King

County

Public

Hospital

District

4,

Washington,

Hospital

Revenue

Bonds,

Snoqualmie

Valley

Hospital,

Series

2015A,

6.250%,

12/01/45

12/25

at

100.00

993,226

1,000

Kitsap

County

Consolidated

Housing

Authority,

Washington,

Pooled

Tax

Credit

Housing

Revenue

Bonds,

Series

2007,

5.600%,

6/01/37,

(AMT)

5/24

at

100.00

945,953

1,300

Port

of

Seattle

Industrial

Development

Corporation,

Washington,

Special

Facilities

Revenue

Refunding

Bonds,

Delta

Air

Lines,

Inc.

Project,

Series

2012,

5.000%,

4/01/30,

(AMT)

5/24

at

100.00

1,300,161

5,100

(e)

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2018A,

5.000%,

5/01/43,

(AMT),

(UB)

5/27

at

100.00

5,134,654

2,500

Seattle

Housing

Authority,

Washington,

Revenue

Bonds,

Lam

Bow

Apartments

Project,

Series

2021,

2.500%,

6/01/54

6/31

at

100.00

1,462,686

155

Tacoma

Consolidated

Local

Improvement

District

65,

Washington,

Special

Assessment

Bonds,

Series

2013,

5.750%,

4/01/43

5/24

at

100.00

147,874

13,915

(e)

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Seattle

Cancer

Center

Alliance,

Series

2020,

5.000%,

9/01/55,

(UB)

9/30

at

100.00

14,222,612

Total

Washington

24,207,166

West

Virginia

-

0.6%

(0.4%

of

Total

Investments)

1,264

Berkeley,

Hardy

and

Jefferson

Counties,

West

Virginia,

as

Joint

Issuers,

Commercial

Development

Revenue

Bonds,

Scattered

Site

Housing

Projects,

Series

2010,

5.750%,

12/01/44

5/24

at

100.00

1,231,228

1,125

(d)

Monongalia

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

University

Town

Centre

Economic

Opportunity

Development

District,

Refunding

&

Improvement

Series

2017A,

5.750%,

6/01/43

6/27

at

100.00

1,145,024

950

(d)

Monongalia

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

University

Town

Centre

Economic

Opportunity

Development

District,

Refunding

&

Improvement

Series

2021A,

4.125%,

6/01/43

6/31

at

100.00

817,350

945

(d)

West

Virginia

Economic

Development

Authority,

Dock

and

Wharf

Facilities

Revenue

Bonds,

Empire

Trimodal

Terminal,

LLC

Project,

Series

2020,

7.625%,

12/01/40

12/27

at

103.00

771,473

4,000

(e)

West

Virginia

Hospital

Finance

Authority,

Revenue

Bonds,

West

Virginia

University

Health

System,

Improvement

Series

2023A,

4.375%,

6/01/53,

(UB)

6/33

at

100.00

3,829,040

Total

West

Virginia

7,794,115

Wisconsin

-

8.1%

(5.1%

of

Total

Investments)

2,500

(d)

Gillett,

Wisconsin,

Solid

Waste

Disposal

Revenue

Bonds,

WI

RNG

Hub

North

LLC

Renewable

Natural

Gas

Production

Plant

Project,

Series

2021A,

5.500%,

12/01/32

12/26

at

100.00

2,128,201

2,000

Lac

Courte

Oreilles

Band

of

Lake

Superior

Chippewa

Indians,

Wisconsin,

General

Revenue

Bonds,

Refunding

Series

2017,

6.750%,

6/01/32

12/27

at

100.00

1,986,007

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

136

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Wisconsin

(continued)

$

255

(d)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Ascend

Leadership

Academy

Project,

Series

2021A,

5.000%,

6/15/51

6/29

at

100.00

$

205,145

150

(d)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Founders

Academy

of

Las

Vegas,

Series

2020A,

5.000%,

7/01/55

7/28

at

100.00

126,186

2,015

(d)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Guilford

Preparatory

Academy,

North

Carolina,

Taxable

Series

2022A,

5.000%,

4/01/57

4/31

at

100.00

1,624,889

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

High

Desert

Montessori

Charter

School,

Series

2021A

:

1,000

(d)

5.000%,

6/01/51

6/29

at

100.00

790,884

1,280

(d)

5.000%,

6/01/61

6/29

at

100.00

979,161

4,985

(d)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

North

Carolina

Charter

Educational

Foundation

Project,

Series

2016A,

5.000%,

6/15/46

6/26

at

100.00

3,875,892

500

(d)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Point

College

Preparatory,

Series

2020A,

5.000%,

6/15/55

6/27

at

103.00

421,875

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

:

13

(c),(d)

0.000%,

1/01/47

No

Opt.

Call

314

11

(c),(d)

0.000%,

1/01/48

No

Opt.

Call

259

11

(c),(d)

0.000%,

1/01/49

No

Opt.

Call

240

10

(c),(d)

0.000%,

1/01/50

No

Opt.

Call

216

10

(c),(d)

0.000%,

1/01/51

No

Opt.

Call

201

13

(c),(d)

0.000%,

1/01/52

No

Opt.

Call

243

13

(c),(d)

0.000%,

1/01/53

No

Opt.

Call

227

13

(c),(d)

0.000%,

1/01/54

No

Opt.

Call

206

13

(c),(d)

0.000%,

1/01/55

No

Opt.

Call

191

12

(c),(d)

0.000%,

1/01/56

No

Opt.

Call

178

667

(c),(d)

5.500%,

7/01/56

3/28

at

100.00

497,353

14

(c),(d)

0.000%,

1/01/57

No

Opt.

Call

185

13

(c),(d)

0.000%,

1/01/58

No

Opt.

Call

171

13

(c),(d)

0.000%,

1/01/59

No

Opt.

Call

158

13

(c),(d)

0.000%,

1/01/60

No

Opt.

Call

145

12

(c),(d)

0.000%,

1/01/61

No

Opt.

Call

135

12

(c),(d)

0.000%,

1/01/62

No

Opt.

Call

124

12

(c),(d)

0.000%,

1/01/63

No

Opt.

Call

115

12

(c),(d)

0.000%,

1/01/64

No

Opt.

Call

107

11

(c),(d)

0.000%,

1/01/65

No

Opt.

Call

99

12

(c),(d)

0.000%,

1/01/66

No

Opt.

Call

98

148

(c),(d)

0.000%,

1/01/67

No

Opt.

Call

1,075

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

:

24

(c),(d)

0.000%,

1/01/46

No

Opt.

Call

648

24

(c),(d)

0.000%,

1/01/47

No

Opt.

Call

592

24

(c),(d)

0.000%,

1/01/48

No

Opt.

Call

556

23

(c),(d)

0.000%,

1/01/49

No

Opt.

Call

520

23

(c),(d)

0.000%,

1/01/50

No

Opt.

Call

475

25

(c),(d)

0.000%,

1/01/51

No

Opt.

Call

493

651

(c),(d)

3.750%,

7/01/51

3/28

at

100.00

453,556

25

(c),(d)

0.000%,

1/01/52

No

Opt.

Call

455

25

(c),(d)

0.000%,

1/01/53

No

Opt.

Call

425

25

(c),(d)

0.000%,

1/01/54

No

Opt.

Call

397

24

(c),(d)

0.000%,

1/01/55

No

Opt.

Call

370

24

(c),(d)

0.000%,

1/01/56

No

Opt.

Call

347

24

(c),(d)

0.000%,

1/01/57

No

Opt.

Call

325

23

(c),(d)

0.000%,

1/01/58

No

Opt.

Call

303

137

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Wisconsin

(continued)

$

23

(c),(d)

0.000%,

1/01/59

No

Opt.

Call

$

285

23

(c),(d)

0.000%,

1/01/60

No

Opt.

Call

266

23

(c),(d)

0.000%,

1/01/61

No

Opt.

Call

247

23

(c),(d)

0.000%,

1/01/62

No

Opt.

Call

232

22

(c),(d)

0.000%,

1/01/63

No

Opt.

Call

216

22

(c),(d)

0.000%,

1/01/64

No

Opt.

Call

205

22

(c),(d)

0.000%,

1/01/65

No

Opt.

Call

190

22

(c),(d)

0.000%,

1/01/66

No

Opt.

Call

174

281

(c),(d)

0.000%,

1/01/67

No

Opt.

Call

2,047

4,700

(d)

Public

Finance

Authority

of

Wisconsin,

Contract

Revenue

Bonds,

Mercer

Crossing

Public

Improvement

District

Project,

Series

2017,

7.000%,

3/01/47

3/27

at

100.00

4,836,592

1,000

(d)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Corvian

Community

School,

North

Carolina

Series

2023A,

6.250%,

6/15/53

6/33

at

100.00

1,001,977

1,500

(d)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Pioneer

Springs

Community

School,

Series

2020A,

6.250%,

6/15/40

6/27

at

100.00

1,451,128

1,000

(d)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

The

Capitol

Encore

Academy,

Series

2021A,

5.000%,

6/01/56

6/28

at

100.00

832,495

2,000

(c),(d)

Public

Finance

Authority

of

Wisconsin,

Educational

Facilities

Revenue

Bonds,

Lake

Erie

College,

Series

2019A,

5.875%,

10/01/54

10/29

at

100.00

1,331,071

1,550

(d)

Public

Finance

Authority

of

Wisconsin,

Educational

Facility

Revenue

Bonds,

LEAD

Academy

Project,

Series

2021,

5.000%,

8/01/51

8/28

at

100.00

1,280,322

3,000

Public

Finance

Authority

of

Wisconsin,

Educational

Facility

Revenue

Bonds,

Lenoir-Rhyne

University,

Refunding

Series

2022,

5.125%,

4/01/52

4/32

at

100.00

2,952,795

335

Public

Finance

Authority

of

Wisconsin,

Exempt

Facilities

Revenue

Bonds,

National

Gypsum

Company

Project,

Refunding

Series

2016,

4.000%,

8/01/35,

(AMT)

8/26

at

100.00

298,958

5,000

Public

Finance

Authority

of

Wisconsin,

Hotel

Revenue

Bonds,

Grand

Hyatt

San

Antonio

Hotel

Acquisition

Project,

Senior

Lien

Series

2022A,

5.000%,

2/01/62

2/32

at

100.00

4,785,335

6,665

(d)

Public

Finance

Authority

of

Wisconsin,

Hotel

Revenue

Bonds,

Grand

Hyatt

San

Antonio

Hotel

Acquisition

Project,

Subordinate

Lien

Series

2022B,

6.000%,

2/01/62

2/32

at

100.00

6,737,237

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

Grant

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017A

:

1,665

(c),(d)

6.250%,

8/01/27

No

Opt.

Call

1,298,700

1,000

(c),(d)

6.750%,

8/01/31

No

Opt.

Call

730,000

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

PILOT

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017

:

2,000

(d)

6.750%,

12/01/42

12/27

at

100.00

1,911,963

20,835

(d)

7.000%,

12/01/50

12/27

at

100.00

20,163,523

3,500

(c),(d)

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Alabama

Gulf

Coast

Zoo,

Series

2018A,

6.500%,

9/01/48

9/28

at

100.00

2,100,000

500

(c),(d)

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Alabama

Proton

Therapy

Center,

Senior

Series

2017A,

7.000%,

10/01/47

10/27

at

100.00

50,000

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Procure

Proton

Therapy

Center,

Senior

Series

2018A

:

4,415

(d)

6.950%,

7/01/38

7/28

at

100.00

3,090,500

6,585

(d)

7.000%,

7/01/48

7/28

at

100.00

4,609,500

1,060

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Roseman

University

of

Health

Sciences,

Series

2015,

5.875%,

4/01/45

4/25

at

100.00

1,069,924

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

SearStone

Retirement

Community,

Series

2023A

:

1,000

5.000%,

6/01/37

6/28

at

103.00

944,835

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

138

NMZ

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Wisconsin

(continued)

$

4,000

5.000%,

6/01/52

6/28

at

103.00

$

3,337,286

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Sky

Harbour

LLC

Obligated

Group

Aviation

Facilities

Project,

Series

2021

:

1,600

4.000%,

7/01/41,

(AMT)

7/31

at

100.00

1,279,261

2,000

4.250%,

7/01/54,

(AMT)

7/31

at

100.00

1,534,494

Public

Finance

Authority

of

Wisconsin,

Senior

Revenue

Bonds,

Maryland

Proton

Treatment

Center,

Series

2018A-1

:

1,000

(d)

6.125%,

1/01/33

1/28

at

100.00

450,000

2,000

(d)

6.250%,

1/01/38

1/28

at

100.00

900,000

3,500

(d)

6.375%,

1/01/48

1/28

at

100.00

1,575,000

4,215

(d)

Public

Finance

Authority

of

Wisconsin,

Tax

Increment

Revenue

Senior

Bonds,

Miami

World

Center

Project,

Series

2024A,

5.000%,

6/01/41

6/29

at

103.00

4,200,347

1,000

(d)

Public

Finance

Authority

of

Wisconsin,

Tax

Increment

Revenue

Subordinate

Bonds,

Miami

World

Center

Project,

Series

2024B,

8.000%,

6/15/42

6/29

at

103.00

982,955

285

(c),(g)

Public

Finance

Authority

of

Wisconsin,

Wisconsin

Revenue

Note,

KDC

Agribusiness

LLC

Project,

Series

2022B,

15.000%,

3/31/24

4/23

at

105.00

28

Public

Finance

Authority,

Wisconsin,

Revenue

Bonds,

Ocean

Academy

Charter

School,

Series

2021

:

1,130

(d)

5.000%,

10/15/51

10/31

at

100.00

966,676

815

(d)

5.000%,

10/15/56

10/31

at

100.00

683,918

1,000

(d)

Saint

Croix

Chippewa

Indians

of

Wisconsin,

Revenue

Bonds,

Refunding

Senior

Series

2021,

5.000%,

9/30/41

9/28

at

100.00

738,056

5,000

Wisconsin

Center

District,

Dedicated

Tax

Revenue

Bonds,

Supported

by

State

Moral

Obligation

Junior

Series

2020D,

0.000%,

12/15/60

-

AGM

Insured

12/30

at

29.95

798,597

7,250

(e)

Wisconsin

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Marshfield

Clinic

Health

System,

Inc.,

Series

2017C,

5.000%,

2/15/47,

(UB)

2/27

at

100.00

7,015,952

Total

Wisconsin

99,043,029

Wyoming

-

0.4%

(0.3%

of

Total

Investments)

5,000

(e)

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2023

Series

3,

4.950%,

12/01/53,

(UB)

6/32

at

100.00

5,052,074

Total

Wyoming

5,052,074

Total

Municipal

Bonds

(cost

$1,999,612,822)

1,874,587,329

Shares

Description

(a)

Value

X

–

COMMON

STOCKS

-

3.9%

(2.5%

of

Total

Investments)

X

47,719,191

Materials

-

0.0%

(0.0%

of

Total

Investments)

39

(g),(j)

PALOUSE

FIBER

HOLDINGS

$

5,850

Total

Materials

5,850

Utilities

-

3.9%

(2.5%

of

Total

Investments)

21,492

(g),(j),(k)

Vistra

Vision

47,713,341

Total

Utilities

47,713,341

Total

Common

Stocks

(cost

$21,129,342)

47,719,191

139

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X

–

CORPORATE

BONDS

-

0.0%

(0.0%

of

Total

Investments)

X

60,377

Pharmaceuticals,

Biotechnology

&

Life

Sciences

-

0.0%

(0.0%

of

Total

Investments)

$

60

Tuscan

Gardens

of

Palm

Coast

15.000%

10/01/24

$

60,377

Total

Pharmaceuticals,

Biotechnology

&

Life

Sciences

60,377

Total

Corporate

Bonds

(cost

$60,377)

60,377

Principal

Amount

(000)

Description

(a)

Coupon

(l)

Reference

Rate

(l)

Spread

(l)

Maturity

(m)

Value

X

–

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

0.0%

(0.0%

of

Total

Investments)

(l)

X

57,737

Capital

Goods

-

0.0%

(0.0%

of

Total

Investments)

$

450

(c),(g),(n)

KDC

Agribusiness

Fairless

Hills

LLC

12.000%

N/A

N/A

9/17/24

$

57,737

Total

Capital

Goods

57,737

Total

Variable

Rate

Senior

Loan

Interests

(cost

$450,366)

57,737

Total

Long-Term

Investments

(cost

$2,021,252,907)

1,922,424,634

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

SHORT-TERM

INVESTMENTS

-

1.3% (0.8%

of

Total

Investments)

X

–

MUNICIPAL

BONDS

-

1.3%

(0.8%

of

Total

Investments)

X

16,280,000

California

-

0.7%

(0.5%

of

Total

Investments)

$

9,280

(o)

California

State,

General

Obligation

Bonds,

Various

Purpose,

Variable

Demand

Obligation

Series

2003A-1,

3.600%,

5/01/33,

(Mandatory

Put

5/7/2024)

5/24

at

100.00

$

9,280,000

Total

California

9,280,000

Wisconsin

-

0.6%

(0.3%

of

Total

Investments)

7,000

(o)

University

of

Wisconsin

Hospitals

and

Clinics

Authority,

Revenue

Bonds,

Series

2018A,

3.700%,

4/01/48,

(Mandatory

Put

5/7

/2024)

4/24

at

100.00

7,000,000

Total

Wisconsin

7,000,000

Total

Municipal

Bonds

(cost

$16,280,000)

16,280,000

Total

Short-Term

Investments

(cost

$16,280,000)

16,280,000

Total

Investments

(cost

$2,037,532,907

)

-

159.4%

1,938,704,634

Floating

Rate

Obligations

-

(35.4)%

(430,708,000)

AMTP

Shares,

Net-

(29.3)%(p)

(356,555,732)

Other

Assets

&

Liabilities,

Net

-   5.3%

64,570,645

Net

Assets

Applicable

to

Common

Shares

-

100%

$

1,216,011,547

(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)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$509,980,686

or

26.3%

of

Total

Investments.

(e)

Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

inverse

floating

rate

transactions.

(f)

Step-up

coupon

bond,

a

bond

with

a

coupon

that

increases

("steps

up"),

usually

at

regular

intervals,

while

the

bond

is

outstanding.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(g)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

(h)

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.

(i)

Principal

Amount

(000)

rounds

to

less

than

$1,000.

Nuveen

Municipal

High

Income

Opportunity

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

140

NMZ

(j)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(k)

On

March

1,

2024,

Vistra

Corp.

(“Vistra”)

completed

its

acquisition

of

Energy

Harbor

Corp

(“ENGH”).  ENGH

has

been

merged

into

a

newly

formed

subsidiary

of

Vistra,

Vistra

Vision.  In

connection

with

the

transaction,

holders

of

ENGH

common

stock

received

a

combination

of

cash

and

membership

interests

in

Vistra

Vision.  

These

Vistra

Vision

interests

were

issued

in

a

private

transaction

and

may

have

reduced

secondary

market

liquidity.

(l)

Senior

loans

generally

pay

interest

at

rates

which

are

periodically

adjusted

by

reference

to

a

base

short-term,

floating

lending

rate

(Reference

Rate)

plus

an

assigned

fixed

rate

(Spread).

These

floating

lending

rates

are

generally

(i)

the

lending

rate

referenced

by

the

London

Inter-Bank

Offered

Rate

("LIBOR"),

or

(ii)

the

prime

rate

offered

by

one

or

more

major

United

States

banks.

Senior

loans

may

be

considered

restricted

in

that

the

Fund

ordinarily

is

contractually

obligated

to

receive

approval

from

the

agent

bank

and/or

borrower

prior

to

the

disposition

of

a

senior

loan.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(m)

Senior

loans

generally

are

subject

to

mandatory

and/or

optional

prepayment.

Because

of

these

mandatory

prepayment

conditions

and

because

there

may

be

significant

economic

incentives

for

a

borrower

to

prepay,

prepayments

of

senior

loans

may

occur.

As

a

result,

the

actual

remaining

maturity

of

senior

loans

held

may

be

substantially

less

than

the

stated

maturities

shown.

(n)

Senior

loan

received

as

part

of

the

bondholder

funding

agreement

during

June

2023

for

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-1,

10.000%,

12/01/40,

144A,

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-2,

10.000%,

12/01/40,

(AMT),

144A,

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2021A,

10.000%,

12/01/31.

(o)

Investment

has

a

maturity

of

greater

than

one

year,

but

has

variable

rate

and/or

demand

features

which

qualify

it

as

a

short-term

investment.

The

rate

disclosed,

as

well

as

the

reference

rate

and

spread,

where

applicable,

is

that

in

effect

as

of

the

end

of

the

reporting

period.

This

rate

changes

periodically

based

on

market

conditions

or

a

specified

market

index.

(p)

AMTP

Shares,

Net

as

a

percentage

of

Total

Investments

is

18.4%.

AMT

Alternative

Minimum

Tax

ETM

Escrowed

to

maturity

IF

Inverse

floating

rate

security

issued

by

a

tender

option

bond

(“TOB”)

trust,

the

interest

rate

on

which

varies

inversely

with

the

Securities

Industry

Financial

Markets

Association

(SIFMA)

short-term

rate,

which

resets

weekly,

or

a

similar

short-term

rate,

and

is

reduced

by

the

expenses

related

to

the

TOB

trust.

N/A

Not

Applicable.

PIK

Payment-in-kind

(“PIK”)

security.  Depending

on

the

terms

of

the

security,

income

may

be

received

in

the

form

of

cash,

securities,

or

a

combination

of

both.  The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

of

the

last

PIK

payment

made

by

the

issuer

as

of

the

end

of

the

reporting

period.

UB

Underlying

bond

of

an

inverse

floating

rate

trust

reflected

as

a

financing

transaction.

WI/DD

When-issued

or

delayed

delivery

security.

See

Notes

to

Financial

Statements

141

Nuveen

Municipal

Credit

Opportunities

Fund

Portfolio

of

Investments

April

30,

2024

(Unaudited)

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

LONG-TERM

INVESTMENTS

-

155.6% 

(100.0%

of

Total

Investments)

X

–

MUNICIPAL

BONDS

-

146

.6

%

(

94

.2

%

of

Total

Investments)

X

924,525,684

Alabama

-

4.7%

(3.0%

of

Total

Investments)

$

395

Hoover

Industrial

Development

Board,

Alabama,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Proejcet,

Green

Series

2020,

6.375%,

11/01/50,

(AMT),

(Mandatory

Put

11/01/30)

No

Opt.

Call

$

433,528

22,925

Hoover

Industrial

Development

Board,

Alabama,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Proejcet,

Series

2019,

5.750%,

10/01/49,

(AMT)

10/29

at

100.00

23,544,770

5,500

(c)

Tuscaloosa

County

Industrial

Development

Authority,

Alabama,

Gulf

Opportunity

Zone

Bonds,

Hunt

Refining

Project,

Refunding

Series

2019A,

5.250%,

5/01/44

5/29

at

100.00

5,511,956

Total

Alabama

29,490,254

Alaska

-

1.2%

(0.8%

of

Total

Investments)

7,765

Anchorage,

Alaska,

Port

Revenue

Bonds,

Series

2020A,

5.000%,

12/01/50,

(AMT)

12/30

at

100.00

7,832,366

Total

Alaska

7,832,366

Arizona

-

3.2%

(2.1%

of

Total

Investments)

2,000

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Heritage

Academy

-

Gateway

and

Laveen

Pojects,

Series

2021B,

5.000%,

7/01/51

7/28

at

103.00

1,728,625

1,000

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Heritage

Academy

-

Gateway

and

Laveen

Pojects,

Taxable

Series

2021A,

5.000%,

7/01/51

7/28

at

103.00

864,312

340

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Pinecrest

Academy-Cadence

Campus

Project,

Series

2020A,

4.000%,

7/15/40

7/28

at

100.00

293,986

1,000

(c)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Gateway

Academy

Project,

Series

2019A,

5.750%,

1/01/50

1/30

at

100.00

867,820

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Taxable

Series

2019B

:

1,100

(c)

5.000%,

7/01/39

7/29

at

100.00

1,084,979

4,025

(c)

5.000%,

7/01/54

7/29

at

100.00

3,707,839

315

(c)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Educational

Facilities

Revenue

Bonds,

Ottawa

University

Projects,

Series

2020,

5.500%,

10/01/51

10/27

at

103.00

283,035

6,400

Maricopa

County

Pollution

Control

Corporation,

Arizona,

Pollution

Control

Revenue

Bonds,

El

Paso

Electric

Company,

Refunding

Series

2009A,

3.600%,

2/01/40

6/29

at

100.00

5,500,771

600

(c)

Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2016A,

5.000%,

7/01/35

7/25

at

100.00

601,910

280

(c)

Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Northwest

Christian

School

Project,

Series

2020A,

5.000%,

9/01/55

9/30

at

100.00

237,169

1,000

(c)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Series

2019,

5.875%,

7/01/51

7/26

at

103.00

1,002,340

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

142

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Arizona

(continued)

$

50

(c)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Imagine

East

Mesa

Charter

Schools

Project,

Series

2019,

5.000%,

7/01/49

7/26

at

100.00

$

46,037

380

(c)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Synergy

Public

Charter

School

Project,

Series

2020,

5.250%,

6/15/50

6/28

at

100.00

346,806

1,000

(d)

Sierra

Vista

Industrial

Development

Authority,

Arizona,

Economic

Development

Revenue

Bonds,

Convertible

Capital

Appreciation

Revenue

Bonds,

Series

2021A,

0.000%,

10/01/56

10/29

at

103.00

750,865

Tempe

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Mirabella

at

ASU

Project,

Series

2017A

:

2,205

(c)

6.000%,

10/01/37

10/27

at

100.00

1,545,866

2,350

(c)

6.125%,

10/01/52

10/27

at

100.00

1,396,921

Total

Arizona

20,259,281

Arkansas

-

2.1%

(1.3%

of

Total

Investments)

13,085

(c)

Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation,

Green

Series

2022,

5.450%,

9/01/52,

(AMT)

9/25

at

105.00

13,251,415

Total

Arkansas

13,251,415

California

-

6.8%

(4.4%

of

Total

Investments)

3,000

(c)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

K

Street

Flats,

Series

2021A-2,

4.000%,

8/01/50

8/32

at

100.00

2,309,715

4,500

(c)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Serenity

at

Larkspur

Apartments,

Series

2020A,

5.000%,

2/01/50

2/30

at

100.00

3,146,993

2,000

(c)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

The

Arbors,

Series

2020A,

5.000%,

8/01/50

8/30

at

100.00

1,867,035

2,000

(c)

California

Community

Housing

Agency,

Workforce

Housing

Revenue

Bonds,

Annadel

Apartments,

Series

2019A,

5.000%,

4/01/49

4/29

at

100.00

1,653,948

1,555

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020B-2,

0.000%,

6/01/55

6/30

at

26.72

299,531

1,520

(c)

California

Enterprise

Development

Authority,

Charter

School

Revenue

Bonds,

Norton

Science

and

Language

Academy

Project,

Series

2020,

6.250%,

7/01/58

7/27

at

102.00

1,568,440

4,000

(c)

California

Municipal

Finance

Authority,

Revenue

Bonds,

Simpson

University,

Series

2020A,

6.000%,

10/01/50

10/27

at

103.00

4,035,713

1,385

(c)

California

Public

Finance

Authority,

Charter

School

Lease

Revenue

Bonds,

California

Crosspoint

Academy

Project,

Series

2020A,

5.125%,

7/01/55

7/28

at

100.00

1,160,667

320

(c)

California

Public

Finance

Authority,

Senior

Living

Revenue

Bonds,

Enso

Village,

Refunding

Green

Series

2021A,

5.000%,

11/15/51

11/29

at

102.00

277,903

California

School

Finance

Authority,

California,

Charter

School

Revenue

Bonds,

Encore

Education

Obligated

Group,

Series

2016A

:

4,020

(c)

5.000%,

6/01/42

6/26

at

100.00

3,331,660

4,380

(c)

5.000%,

6/01/52

6/26

at

100.00

3,406,662

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Arts

in

Action

Charter

Schools

-

Obligated

Group,

Series

2020A

:

1,410

(c)

5.000%,

6/01/50

6/27

at

100.00

1,027,713

1,200

(c)

5.000%,

6/01/59

6/27

at

100.00

835,619

1,000

(c)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Scholarship

Prep

Public

Schools

Obligated

Group,

Series

2020A,

5.000%,

6/01/60

6/28

at

100.00

859,538

143

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

1,500

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2014A,

5.500%,

12/01/54

12/24

at

100.00

$

1,504,661

California

Statewide

Community

Development

Authority,

Revenue

Bonds,

Daughters

of

Charity

Health

System,

Series

2005A

:

34

(e),(f)

5.750%,

7/01/24

1/22

at

100.00

33,550

0

(e),(f),(g)

5.750%,

7/01/30

1/22

at

100.00

425

16

(e),(f)

5.750%,

7/01/35

1/22

at

100.00

16,085

27

(e),(f)

California

Statewide

Community

Development

Authority,

Revenue

Bonds,

Daughters

of

Charity

Health

System,

Series

2005G,

5.500%,

7/01/24

1/22

at

100.00

26,331

12

(e),(f)

California

Statewide

Community

Development

Authority,

Revenue

Bonds,

Daughters

of

Charity

Health

System,

Series

2005H,

5.750%,

7/01/25

1/22

at

100.00

11,998

25,000

California

Statewide

Financing

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

Pooled

Tobacco

Securitization

Program,

Series

2006A,

0.000%,

6/01/46

5/24

at

25.76

6,423,467

1,000

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Center

City

Anaheim,

Series

2020A,

5.000%,

1/01/54

1/31

at

100.00

795,629

2,500

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Vineyard

Gardens

Apartments,

Senior

Lien

Series

2021A,

3.250%,

10/01/58

4/32

at

100.00

1,687,250

58,500

Golden

State

Tobacco

Securitization

Corporation,

California,

Tobacco

Settlement

Asset-Backed

Bonds,

Capital

Appreciation

Series

2021B-2,

0.000%,

6/01/66

12/31

at

27.75

5,940,260

615

(h)

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Refunding

Subordinate

Lien

Private

Activity

Series

2021A,

5.000%,

5/15/39,

(AMT)

5/31

at

100.00

648,590

Total

California

42,869,383

Colorado

-

14.4%

(9.3%

of

Total

Investments)

1,940

Arista

Metropolitan

District,

Broomfield

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Refunding

and

Improvement

Series

2023B,

8.250%,

12/15/39

12/28

at

103.00

1,979,078

3,000

Aurora

Highlands

Community

Authority

Board,

Adams

County,

Colorado,

Special

Tax

Revenue

Bonds,

Refunding

&

Improvement

Series

2021A,

5.750%,

12/01/51

12/28

at

103.00

2,690,988

2,000

Bradley

Heights

Metropolitan

District

2,

Colorado

Springs,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2021A-3,

4.750%,

12/01/51

9/26

at

103.00

1,495,676

962

Broadway

Station

Metropolitan

District

2,

Denver

City

and

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Series

2019A,

5.000%,

12/01/35

6/24

at

103.00

802,720

3,000

Broadway

Station

Metropolitan

District

3,

Denver

City

and

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Series

2019A,

5.000%,

12/01/49

6/24

at

103.00

2,328,549

1,000

Broadway

Station

Metropolitan

District

3,

Denver

City

and

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Subordinate

Convertible

to

Senior

Capital

Appreciation

Series

2019B,

7.500%,

12/01/49

6/24

at

79.97

647,991

3,985

Broadway

Station

Metropolitan

District

3,

Denver

County,

Colorado,

Tax

Increment

Supported

Revenue

Bonds,

Series

2023A,

7.000%,

12/15/32

5/24

at

100.00

3,844,526

500

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds

World

Compass

Academy

Project,

Series

2017,

5.375%,

10/01/37

10/27

at

100.00

447,647

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

144

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

3,145

(c)

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Belle

Creek

Charter

School,

Series

2022A,

5.250%,

3/15/52

3/32

at

100.00

$

3,033,343

500

(c)

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Loveland

Classical

Schools

Project,

Series

2016,

5.000%,

7/01/36

7/26

at

100.00

502,106

Colorado

Educational

and

Cultural

Facilities

Authority,

Revenue

Bonds,

Rocky

Mountain

Classical

Academy

Project,

Refunding

Series

2019

:

3,520

(c)

5.000%,

10/01/49

10/27

at

100.00

3,244,294

6,650

(c)

5.000%,

10/01/59

10/27

at

100.00

5,944,595

2,000

Crossroads

Metropolitan

District

1,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Series

2022,

6.500%,

12/01/51

12/29

at

103.00

1,948,816

1,750

Green

Valley

Ranch

East

Metropolitan

District

6,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-3,

5.875%,

12/01/50

9/25

at

103.00

1,711,075

14,000

Hess

Ranch

Metropolitan

District

6,

Parker,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

Capital

Appreciation

Series

2020A-2,

5.750%,

12/01/49

3/25

at

93.28

10,752,748

5,500

Hess

Ranch

Metropolitan

District

6,

Parker,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-1,

5.000%,

12/01/49

3/25

at

103.00

4,864,044

1,070

(c),(i)

Indy

Oak

Tod

Metropolitan

District,

Lakewood,

Jefferson

County,

Colorado,

Limited

Tax  General

Obligation

Bonds,

Convertible

to

Unlimited

Tax

Series

2020A,

5.500%,

12/01/50,

(Pre-refunded

6/01/25)

6/25

at

103.00

1,086,311

500

Iron

Mountain

Metropolitan

District

2,

Windsor,

Weld

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2019A,

5.000%,

12/01/49

12/24

at

103.00

443,391

500

Johnstown

North

Metropolitan

District

2,

Johnstown,

Colorado,

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2022A,

7.000%,

8/15/52

12/27

at

103.00

507,088

1,000

Lanterns

Metropolitan

District

2,

Castle

Rock,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021A-3,

4.500%,

12/01/50

9/26

at

103.00

727,567

2,000

(c)

Ledge

Rock

Center

Commercial

Metropolitan

District

(In

the

Town

of

Johnstown,

Weld

County,

Colorado),

Limited

Tax

General

Obligation

Bonds,

Series

2022,

7.375%,

11/01/52

11/29

at

103.00

1,993,492

360

Mountain

Shadows

Metropolitan

District,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Refunding

Series

2016,

4.000%,

12/01/26

12/25

at

100.00

351,905

1,000

Murphy

Creek

Metropolitan

District

5

(In

the

City

of

Aurora,

Arapahoe

County,

Colorado),

General

Obligation

Limited

Tax

Bonds,

Series

2022A

and

Subordinate

General

Obligation

Limited

Tax

Bonds,

Series

2022B(3),

6.000%,

12/01/52

9/27

at

103.00

975,378

2,320

North

Range

Metropolitan

District

3,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-3,

5.250%,

12/01/50

12/25

at

103.00

2,210,219

515

North

Vista

Highlands

Metropolitan

District

3,

Pueblo

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020,

5.125%,

12/01/49

3/25

at

103.00

472,821

10,180

Painted

Prairie

Public

Improvement

Authority,

Aurora,

Colorado,

Special

Revenue

Bonds,

Series

2019,

5.000%,

12/01/49

12/24

at

103.00

8,942,000

1,000

Palisade

Metropolitan

District

2,

Broomfield

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Subordinate

Series

2019,

7.250%,

12/15/49

12/24

at

103.00

918,607

4,441

Pioneer

Community

Authority

Board

(Weld

County,

Colorado),

Special

Revenue

Bonds,

Series

2022,

6.500%,

12/01/34

6/29

at

103.00

4,255,407

1,500

RM

Mead

Metropolitan

District,

Weld

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.250%,

12/01/50

9/25

at

103.00

1,403,475

145

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

5,000

Sagebrush

Farm

Metropolitan

District

1,

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2022A,

6.750%,

12/01/52

12/29

at

103.00

$

4,934,685

3,000

(c)

Settler's

Crossing

Metropolitan

District

1,

Lakewood,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.125%,

12/01/50

9/25

at

103.00

2,862,294

1,194

Sky

Ranch

Community

Authority

Board,

Arapahoe

County,

Colorado,

Limited

Tax

Supported

District

1

Revenue

Bonds,

Senior

Series

2019A,

5.000%,

12/01/49

12/24

at

102.00

1,142,610

719

Sky

Ranch

Community

Authority

Board,

Arapahoe

County,

Colorado,

Limited

Tax

Supported

District

1

Revenue

Bonds,

Subordinate

Series

2019B,

7.625%,

12/15/49

12/24

at

102.00

738,504

500

STC

Metropolitan

District

2,

Superior,

Boulder

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Refunding

&

improvement

Series

2019A,

5.000%,

12/01/49

12/24

at

103.00

454,453

1,000

Sterling

Ranch

Community

Authority

Board,

Douglas

County,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Special

District

3,

Series

2022,

6.750%,

12/01/53

12/27

at

103.00

1,039,439

760

Talon

Pointe

Metropolitan

District,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

to

Unlimited

Tax

Refunding

&

Improvement

Series

2019A,

5.250%,

12/01/51

12/25

at

103.00

574,133

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Series

2021A-1

:

2,200

5.000%,

12/01/41

3/26

at

103.00

1,862,067

1,000

5.000%,

12/01/51

3/26

at

103.00

790,118

1,000

Ward

TOD

Metropolitan

District

1,

Wheat

Ridge,

Jefferson

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

to

Unlimited

Tax

Series

2019A,

5.000%,

12/01/49

12/24

at

103.00

906,408

Windler

Public

Improvement

Authority,

Aurora,

Colorado,

Limited

Tax

Supported

Revenue

Bonds,

Series

2021A-1

:

2,000

(c)

4.000%,

12/01/36

9/26

at

103.00

1,726,084

5,000

(c)

4.125%,

12/01/51

9/26

at

103.00

3,533,074

Total

Colorado

91,089,726

Connecticut

-

0.4%

(0.2%

of

Total

Investments)

3,200

(c)

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Mary

Wade

Home

Issue,

Series

2019A-1,

5.000%,

10/01/54

10/24

at

104.00

2,437,140

Total

Connecticut

2,437,140

District

of

Columbia

-

3.6%

(2.3%

of

Total

Investments)

89,500

District

of

Columbia

Tobacco

Settlement

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2006A,

0.000%,

6/15/46

5/24

at

25.76

20,877,226

1,996

(c)

District

of

Columbia,

Revenue

Bonds,

Saint

Paul

on

Fouth

Street,

Inc.,

Series

2019A,

5.250%,

5/15/55

5/30

at

100.00

1,690,403

Total

District

of

Columbia

22,567,629

Florida

-

15.7%

(10.1%

of

Total

Investments)

2,000

Academical

Village

Community

Development

District,

Davie,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2020,

3.625%,

5/01/40

5/30

at

100.00

1,682,369

Capital

Trust

Agency,

Florida,

Educational

Facilities

Lease

Revenue

Bonds,

Franklin

Academy

Projects,

Series

2020

:

140

(c)

5.000%,

12/15/35

7/26

at

100.00

135,792

100

(c)

5.000%,

12/15/50

7/26

at

100.00

85,254

100

(c)

Capital

Trust

Agency,

Florida,

Educational

Facilities

Revenue

Bonds,

Imagine

School

at

Land

O'Lakes

Project,

Series

2020A,

5.000%,

12/15/49

12/30

at

100.00

89,144

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

146

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

1,950

(c)

Capital

Trust

Agency,

Florida,

Educational

Facilities

Revenue

Bonds,

Pineapple

Cove

Classical

Academy,

Series

2019A,

5.125%,

7/01/39

1/29

at

100.00

$

1,875,292

725

(c),(e)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Provision

CARES

Proton

Therapy

Center,

Orlando

Project,

Series

2018,

7.500%,

6/01/48

6/28

at

100.00

72,498

Capital

Trust

Agency,

Florida,

Senior

Living

Facilities

Revenue

Bonds,

Elim

Senior

Housing,

Inc.

Project,

Series

2017

:

1,490

(c)

5.625%,

8/01/37

8/24

at

103.00

1,207,078

3,735

(c)

5.875%,

8/01/52

8/24

at

103.00

2,727,794

170

Cypress

Preserve

Community

Development

District,

Pasco

County,

Florida,

Special

Assessment

Bonds,

Assessment

Area

2,

Series

2019,

4.125%,

11/01/50

11/29

at

100.00

141,407

1,000

(c)

Epperson

North

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

1,

Series

2018A-1,

5.750%,

11/01/49

11/29

at

100.00

1,016,810

2,030

(c)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Creative

Inspiration

Journey

School

of

St.

Cloud,

Series

2021A,

5.000%,

6/15/51

6/29

at

102.00

1,709,640

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Miami

Arts

Charter

School

Projects,

Series

2014

:

2,500

(c)

5.875%,

6/15/34

6/24

at

100.00

2,504,976

5,795

(c)

6.000%,

6/15/44

6/24

at

100.00

5,807,169

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Pepin

Academies

of

Pasco

County

Inc.,

Series

2020A

:

2,415

(c)

5.000%,

1/01/40

1/27

at

100.00

2,164,164

500

(c)

5.000%,

1/01/50

1/27

at

100.00

421,127

1,600

(c)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Southwest

Charter

Foundation

Inc

Projects,

Series

2017A,

6.000%,

6/15/37

6/27

at

100.00

1,615,236

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024

:

9,950

(c)

1.000%,

7/15/32,

(AMT),

(Mandatory

Put

7/15/28),

(WI/DD)

5/24

at

100.00

10,273,375

2,500

5.250%,

7/01/47

-

AGM

Insured,

(AMT),

(WI/DD)

7/32

at

100.00

2,636,320

1,515

5.250%,

7/01/47,

(AMT),

(WI/DD)

7/32

at

100.00

1,561,051

7,475

5.250%,

7/01/53

-

AGM

Insured,

(AMT),

(WI/DD)

7/32

at

100.00

7,795,081

1,500

5.500%,

7/01/53,

(AMT),

(WI/DD)

7/32

at

100.00

1,555,416

7,500

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2023A,

7.500%,

7/01/57,

(AMT),

(Mandatory

Put

8/15/24)

5/24

at

104.00

7,462,921

13,065

(c)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2023C,

8.250%,

7/01/57,

(AMT),

(Mandatory

Put

8/15/24)

4/24

at

100.00

13,090,477

6,750

Greater

Orlando

Aviation

Authority,

Florida,

Orlando

Airport

Facilities

Revenue

Bonds,

Priority

Subordinated

Series

2017A,

5.000%,

10/01/42,

(AMT)

10/27

at

100.00

6,872,131

150

(c)

Lake

Hideaway

Community

Development

District,

Hernando

County,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

One,

Series

2024,

5.900%,

5/01/54

5/34

at

100.00

145,692

850

Lee

County

Industrial

Development

Authority,

Florida,

Charter

School

Revenue

Bonds,

Lee

County

Community

Charter

Schools,

Series

2007A,

5.250%,

6/15/27

5/24

at

100.00

846,571

Lee

County

Industrial

Development

Authority,

Florida,

Healthcare

Facilities

Revenue

Bonds,

Preserve

Project,

Series

2017A

:

1,000

(c)

5.375%,

12/01/32

5/24

at

104.00

858,702

1,100

(c)

5.625%,

12/01/37

5/24

at

104.00

892,174

147

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

1,300

(c)

5.750%,

12/01/52

5/24

at

104.00

$

942,850

690

LT

Ranch

Community

Development

District,

Sarasota

County,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2019,

4.000%,

5/01/40

5/30

at

100.00

614,661

1,715

(c)

Mandarin

Grove

Community

Development

District,

Manatee

County,

Florida,

Special

Assessment

Revenue

Bonds,

2022

Project

Series

2022,

6.625%,

5/01/53

5/42

at

100.00

1,825,373

1,410

Miami

World

Center

Community

Development

District,

Miami-Dade

County,

Florida,

Special

Assessment

Bonds,

Series

2017,

5.125%,

11/01/39

11/27

at

100.00

1,427,309

2,395

(c)

Middleton

Community

Development

District

A,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2022,

6.200%,

5/01/53

11/30

at

100.00

2,488,199

995

(c)

North

AR-1

of

Pasco

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

4,

Series

2024,

5.750%,

5/01/54

5/34

at

100.00

980,058

Osceola

County,

Florida,

Transportation

Revenue

Bonds,

Osceola

Parkway,

Refunding

&

Improvement

Capital

Appreciation

Series

2019A-2

:

3,125

0.000%,

10/01/41

10/29

at

66.18

1,268,280

2,130

0.000%,

10/01/48

10/29

at

50.96

557,028

500

0.000%,

10/01/54

10/29

at

40.38

91,840

100

Parker

Road

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Refudning

Series

2020,

3.875%,

5/01/40

5/30

at

100.00

81,744

125

Portico

Community

Development

District,

Lee

County,

Florida,

Special  Assessment,

Refunding

Improvement

Series

2020-1,

3.500%,

5/01/37

5/30

at

100.00

107,968

2,325

Saint

Johns

County

Industrial

Development

Authority,

Florida,

First

Mortgage

Revenue

Bonds,

Presbyterian

Retirement

Communities

Obligated

Group

Project,

Series

2020A,

4.000%,

8/01/55

8/25

at

103.00

1,817,929

6,410

Seminole

County

Industrial

Development

Authority,

Florida,

Retirement

Facility

Revenue

Bonds,

Legacy

Pointe

At

UCF

Project,

Series

2019A,

5.750%,

11/15/54

11/26

at

103.00

5,483,239

2,225

Three

Rivers

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2019A-1,

4.750%,

5/01/50

5/29

at

100.00

2,035,082

65

Three

Rivers

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2019A-2,

4.750%,

5/01/29

No

Opt.

Call

65,414

1,555

Twin

Creeks

North

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Master

Infrastructure

Improvements,

Series

2016A-1,

6.375%,

11/01/47

11/31

at

100.00

1,620,228

315

West

Villages

Improvement

District,

Florida,

Special

Assessment

Revenue

Bonds,

Unit

of

Development

1,

Series

2017,

4.000%,

5/01/27

No

Opt.

Call

309,951

Total

Florida

98,962,814

Georgia

-

3.7%

(2.4%

of

Total

Investments)

Atlanta

Development

Authority,

Georgia,

Senior

Health

Care

Facilities

Revenue

Bonds,

Georgia

Proton

Treatment

Center

Project,

Current

Interest

Series

2017A-1

:

1,250

(e)

6.500%,

1/01/29

1/28

at

100.00

562,500

7,030

(e)

6.750%,

1/01/35

1/28

at

100.00

3,163,500

18,430

(e)

7.000%,

1/01/40

1/28

at

100.00

8,293,500

441

Georgia

Local

Governments,

Certificates

of

Participation,

Georgia

Municipal

Association,

Series

1998A,

4.750%,

6/01/28

-

NPFG

Insured

No

Opt.

Call

446,813

10,000

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2019A,

5.000%,

5/15/43

5/29

at

100.00

10,082,980

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

148

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Georgia

(continued)

$

850

White

County

Development

Authority,

Georgia,

Revenue

Bonds

Truett

McConnell

University,

Series

2019,

5.125%,

10/01/39

10/26

at

103.00

$

764,760

Total

Georgia

23,314,053

Hawaii

-

0.2%

(0.1%

of

Total

Investments)

1,150

(c)

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Chaminade

University

of

Honolulu,

Series

2015A,

5.000%,

1/01/45

1/25

at

100.00

989,153

Total

Hawaii

989,153

Idaho

-

1.5%

(1.0%

of

Total

Investments)

9,690

(c)

Idaho

Falls

Auditorium

District,

Idaho,

Certifications

of

Participation,  Annual

Appropriation

Series

2021,

5.250%,

5/15/51

5/26

at

102.00

9,390,641

Total

Idaho

9,390,641

Illinois

-

14.6%

(9.4%

of

Total

Investments)

4,605

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2023A,

6.000%,

12/01/49

12/33

at

100.00

5,045,077

7,950

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Series

2014,

5.250%,

12/01/49

12/24

at

100.00

7,970,397

2,800

(h)

Chicago,

Illinois,

General

Obligation

Bonds,

Refunding

Series

2016C,

5.000%,

1/01/38,

(UB)

1/26

at

100.00

2,806,852

5,000

(h)

Chicago,

Illinois,

General

Obligation

Bonds,

Series

2019A,

5.500%,

1/01/49,

(UB)

1/29

at

100.00

5,159,368

3,965

(h)

Chicago,

Illinois,

General

Obligation

Bonds,

VAribale

Rate

Demand

Series

2007F,

5.500%,

1/01/42,

(UB)

1/25

at

100.00

3,974,289

4,750

Illinois

Finance

Authority,

Education

Revenue

Bonds,

Noble

Network

of

Charter

Schools,

Series

2015,

5.000%,

9/01/32

9/24

at

100.00

4,650,513

10,850

Illinois

Finance

Authority,

Revenue

Bonds,

Admiral

at

the

Lake

Project,

Refunding

Series

2017,

5.250%,

5/15/54

5/24

at

103.00

8,177,382

2,000

(c)

Illinois

Finance

Authority,

Solid

Waste

Revenue

Bonds,

LRS

Holdings

LLC

Project,

Series

2023B,

7.375%,

9/01/42,

(Mandatory

Put

9/01/33)

6/33

at

100.00

2,149,672

9,945

Illinois

State,

General

Obligation

Bonds,

June

Series

2022A,

5.500%,

3/01/47

3/32

at

100.00

10,625,831

4,840

Illinois

State,

General

Obligation

Bonds,

May

Series

2018A,

5.000%,

5/01/32

5/28

at

100.00

5,104,839

890

Illinois

State,

General

Obligation

Bonds,

May

Series

2020,

5.500%,

5/01/39

5/30

at

100.00

962,017

4,600

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D,

5.000%,

11/01/28

11/27

at

100.00

4,802,262

7,935

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2020A,

5.000%,

6/15/50

12/29

at

100.00

8,097,540

10,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2012B,

0.000%,

12/15/50

-

AGM

Insured

No

Opt.

Call

2,664,014

2,980

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017A,

5.000%,

6/15/57

12/27

at

100.00

3,014,971

29,815

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B,

0.000%,

12/15/54

-

BAM

Insured

No

Opt.

Call

6,355,255

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Capital

Appreciation

Refunding

Series

2010B-1

:

12,500

0.000%,

6/15/44

-

AGM

Insured

No

Opt.

Call

4,877,691

4,545

0.000%,

6/15/45

-

AGM

Insured

No

Opt.

Call

1,666,556

149

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

Northern

Illinois

University,

Auxiliary

Facilities

System

Revenue

Bonds,

Series

2021

:

$

425

4.000%,

10/01/39

-

BAM

Insured

4/31

at

100.00

$

412,836

800

4.000%,

10/01/40

-

BAM

Insured

4/31

at

100.00

760,749

700

4.000%,

10/01/41

-

BAM

Insured

4/31

at

100.00

660,410

Sales

Tax

Securitization

Corporation,

Illinois,

Sales

Tax

Securitzation

Bonds,

Second

Lien

Series

2020A

:

150

4.000%,

1/01/38

1/30

at

100.00

147,465

120

4.000%,

1/01/39

1/30

at

100.00

116,385

1,000

(e)

Yorkville

United

City

Business

District,

Illinois,

Storm

Water

and

Water

Improvement

Project

Revenue

Bonds,

Series

2007,

4.800%,

1/01/26

5/24

at

100.00

420,000

820

(e)

Yorkville

United

City,

Kendall

County,

Illinois,

Sales

Tax

Revenue

Bonds,

Kendall

Marketplace

Project,

Series

2007,

6.000%,

1/01/26

5/24

at

100.00

819,763

680

Yorkville,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

2006-113

Cannoball

&

Beecher,

Series

2007,

5.750%,

3/01/28

5/24

at

100.00

674,706

Total

Illinois

92,116,840

Indiana

-

1.1%

(0.7%

of

Total

Investments)

140

(c)

Anderson,

Indiana,

Multifamily

Housing

Revenue

Bonds,

Sweet

Galilee

at

the

Wigwam

Project,

Series

2020A,

5.375%,

1/01/40

1/27

at

102.00

113,169

3,105

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Earlham

College,

Refunding

Series

2013A,

5.000%,

10/01/32

5/24

at

100.00

3,105,727

500

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2020,

6.750%,

5/01/39,

(AMT)

11/30

at

100.00

555,343

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Senior

Series

2023E

:

1,005

6.000%,

3/01/53

3/33

at

100.00

1,090,716

1,000

6.125%,

3/01/57

3/33

at

100.00

1,084,459

1,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Subordinate

Series

2023F-1,

7.750%,

3/01/67

3/33

at

100.00

1,061,990

Total

Indiana

7,011,404

Iowa

-

0.6%

(0.4%

of

Total

Investments)

2,540

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Alcoa

Inc.

Project,

Series

2012,

4.750%,

8/01/42

5/24

at

100.00

2,482,223

1,100

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

5.000%,

12/01/50

12/29

at

103.00

1,145,908

Total

Iowa

3,628,131

Kansas

-

1.5%

(0.9%

of

Total

Investments)

2,000

Wichita,

Kansas,

Health

Care

Facilities

Revenue

Bonds,

Presbyterian

Manors,

Series

2013IV-A,

6.500%,

5/15/48

5/24

at

100.00

1,788,845

1,365

Wyandotte

County-Kansas

City

Unified

Government,

Kansas,

Sales

Tax

Special

Obligation

Bonds,

Vacation

Village

Project

Area

1

and

2A,

Series

2015,

5.750%,

9/01/32

9/25

at

100.00

1,283,363

6,475

(c)

Wyandotte

County-Kansas

City

Unified

Government,

Kansas,

Sales

Tax

Special

Obligation

Bonds,

Village

East

Project

Areas

2B

3

and

5,

Series

2022,

5.750%,

3/01/41

3/29

at

103.00

6,122,835

Total

Kansas

9,195,043

Kentucky

-

0.2%

(0.1%

of

Total

Investments)

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

150

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Kentucky

(continued)

$

1,475

Carroll

County,

Kentucky,

Environmental

Facilities

Revenue

Bonds,

Kentucky

Utilities

Company

Project,

Series

2008A,

2.000%,

2/01/32,

(AMT)

6/31

at

100.00

$

1,191,253

Total

Kentucky

1,191,253

Louisiana

-

2.1%

(1.4%

of

Total

Investments)

1,000

Louisiana

Local

Government

Environmental

Facilities

and

Community

Development

Authority,

Louisiana,

Revenue

Bonds,

Entergy

Lousiana,

LLC

Project,

Refunding

Series

2021B,

2.500%,

4/01/36

4/26

at

100.00

800,377

945

(c)

Louisiana

Local

Government

Environmental

Facilities

and

Community

Development

Authority,

Louisiana,

Revenue

Bonds,

Jefferson

Parish

GOMESA

Project,

Series

2019,

4.000%,

11/01/44

11/29

at

100.00

842,529

260

(c)

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Lake

Charles

College

Prep

Project,

Series

2019A,

5.000%,

6/01/58

6/27

at

100.00

221,110

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Young

Audiences

Charter

School,

Series

2019A

:

1,800

(c)

5.000%,

4/01/49

4/27

at

100.00

1,521,596

2,000

(c)

5.000%,

4/01/57

4/27

at

100.00

1,636,053

2,365

Louisiana

Public

Facilities

Authority,

Hospital

Revenue

Bonds,

Franciscan

Missionaries

of

Our

Lady

Health

System,

Series

2017A,

5.000%,

7/01/47

7/27

at

100.00

2,380,644

2,500

Louisiana

Public

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Loyola

University

of

New

Orleans

Project,

Refunding

Series

2023A,

5.250%,

10/01/53

4/33

at

100.00

2,574,772

Louisiana

Public

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Tulane

University,

Refunding

Series

2020A

:

235

(i)

4.000%,

4/01/50,

(Pre-refunded

4/01/30)

4/30

at

100.00

246,573

15

4.000%,

4/01/50

4/30

at

100.00

14,101

200

(c)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2008,

6.100%,

6/01/38,

(Mandatory

Put

6/01/30)

No

Opt.

Call

217,514

1,235

(c)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2010,

6.350%,

7/01/40

6/30

at

100.00

1,335,534

800

(c)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2010A,

6.350%,

10/01/40

6/30

at

100.00

865,123

695

(c)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2010B,

6.100%,

12/01/40,

(Mandatory

Put

6/01/30)

No

Opt.

Call

755,846

Total

Louisiana

13,411,772

Maryland

-

0.9%

(0.6%

of

Total

Investments)

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

:

1,000

5.000%,

9/01/36

9/27

at

100.00

992,379

1,000

5.000%,

9/01/39

9/27

at

100.00

961,775

2,080

(c)

Frederick

County,

Maryland,

Special

Tax

Limited

Obligation

Bonds,

Jefferson

Technology

Park

Project,

Refunding

Series

2020A,

5.000%,

7/01/43

7/30

at

102.00

2,037,029

2,000

(c)

Prince

George's

County,

Maryland,

Special

Obligation

Bonds,

Westphalia

Town

Center

Project,

Series

2018,

5.250%,

7/01/48

7/28

at

100.00

1,990,140

Total

Maryland

5,981,323

Massachusetts

-

0.5%

(0.3%

of

Total

Investments)

3,900

Massachusetts

Development

Finance

Agency

Revenue

Bonds,

Lawrence

General

Hospital

Issue,

Series

2017,

5.000%,

7/01/47

7/27

at

100.00

3,189,863

Total

Massachusetts

3,189,863

151

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Michigan

-

0.9%

(0.6%

of

Total

Investments)

$

1,845

Advanced

Technology

Academy,

Michigan,

Public

School

Academy

Revenue

Bonds,

Refunding

Series

2019,

5.000%,

11/01/44

11/27

at

102.00

$

1,734,586

74,130

Michigan

Tobacco

Settlement

Finance

Authority,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Capital

Appreciation

Turbo

Term

Series

2008C,

0.000%,

6/01/58

6/33

at

11.41

2,539,864

1,810

(c)

Warren

Academy,

Macomb

County,

Michigan,

Revenue

Bonds,

Public

School

Academy,

Refunding

Series

2020A,

5.500%,

5/01/50

5/27

at

100.00

1,649,593

Total

Michigan

5,924,043

Minnesota

-

1.0%

(0.7%

of

Total

Investments)

500

Bethel,

Minnesota

Charter

School

Lease

Revenue

Bonds,

Partnership

Academy

Project,

Series

2018A,

5.000%,

7/01/53

7/26

at

102.00

420,669

1,300

Brooklyn

Park,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Athlos

Leadership

Academy

Project,

Series

2015A,

5.750%,

7/01/46

7/25

at

100.00

1,163,817

2,440

Columbia

Heights,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Prodeo

Academy

Project,

Series

2019A,

5.000%,

7/01/54

7/27

at

102.00

2,098,477

130

(c)

Minneapolis,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Friendship

Academy

of

the

Arts

Project,

Series

2019A,

5.250%,

12/01/52

12/27

at

100.00

109,157

30

Minneapolis,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Northeast

College

Prep

Project,

Series

2020A,

5.000%,

7/01/40

7/30

at

100.00

26,551

2,040

(c)

Saint

Cloud,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Athlos

Academy,

Series

2022A,

5.875%,

6/01/57

6/30

at

102.00

1,922,629

1,000

Scanlon,

Minnesota,

Health

Care

Facilities

Revenue

Bonds,

Duluth

Health

Services

Project,

Refunding

Series

2020,

3.950%,

3/01/50

3/25

at

101.00

677,163

Total

Minnesota

6,418,463

Mississippi

-

0.4%

(0.2%

of

Total

Investments)

2,285

Mississippi

Hospital

Equipment

and

Facilities

Authority,

Revenue

Bonds,

Baptist

Memorial

Healthcare,

Series

2016A,

5.000%,

9/01/46

9/26

at

100.00

2,270,249

Total

Mississippi

2,270,249

Missouri

-

1.2%

(0.7%

of

Total

Investments)

315

Boone

County,

Missouri,

Hospital

Revenue

Bonds,

Boone

Hospital

Center,

Refunding

Series

2016,

4.000%,

8/01/38

8/26

at

100.00

214,138

Kirkwood

Industrial

Development

Authority,

Missouri,

Retirement

Community

Revenue

Bonds,

Aberdeen

Heights

Project,

Refunding

Series

2017A

:

2,900

5.250%,

5/15/42

5/27

at

100.00

2,466,195

1,750

5.250%,

5/15/50

5/27

at

100.00

1,387,140

3,500

(c)

Land

Clearance

for

Redevelopment

Authority

of

Kansas

City,

Missouri,

Project

Revenue

Bonds,

Convention

Center

Hotel

Project

-

TIF

Financing,

Series

2018B,

5.000%,

2/01/50

2/28

at

100.00

3,186,744

Total

Missouri

7,254,217

Nevada

-

0.8%

(0.5%

of

Total

Investments)

9,202

(c),(e)

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

BioFuels

LLC

Project,

Green

Series

2018,

6.950%,

2/15/38,

(AMT)

8/28

at

100.00

920,263

2,000

(c),(e)

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

BioFuels

LLC

Project,

Green

Series

2020,

6.750%,

2/15/38

2/31

at

100.00

200,000

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

BioFuels

LLC

Project,

Series

2017

:

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

152

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Nevada

(continued)

$

1,652

(c),(e),(f)

5.875%,

12/15/27,

(AMT)

No

Opt.

Call

$

249,365

340

(c),(e),(f)

6.250%,

12/15/37,

(AMT)

12/27

at

100.00

51,330

2,750

(c),(e)

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

Holdings

LLC,

Green

Series

2019,

5.750%,

2/15/38,

(AMT)

8/29

at

100.00

275,000

25,000

(c)

Reno,

Nevada,

Subordinate

Lien

Sales

Tax

Revenue

Refunding

Capital

Appreciation

Bonds,

ReTrac-Reno

Transporation

Rail

Access

Corridor

Project,

Series

2018C,

0.000%,

7/01/58

7/38

at

31.26

3,178,585

Total

Nevada

4,874,543

New

Hampshire

-

0.6%

(0.4%

of

Total

Investments)

3,970

(c)

National

Finance

Authority,

New

Hampshire,

Resource

Recovery

Revenue

Bonds,

Covanta

Project,

Refunding

Series

2018C,

4.875%,

11/01/42,

(AMT)

5/24

at

100.00

3,581,755

Total

New

Hampshire

3,581,755

New

Jersey

-

3.6%

(2.3%

of

Total

Investments)

4,000

(c),(e)

New

Jersey

Economic

Development

Authority

Revenue

Bonds,

Black

Horse

EHT

Urban

Renewal

LLC

Project,

Series

2019A,

5.000%,

10/01/39

10/27

at

102.00

2,548,698

1,500

New

Jersey

Economic

Development

Authority,

Fixed

Rate

Revenue

Bonds,

Lions

Gate

Project,

Series

2014,

5.000%,

1/01/34

5/24

at

100.00

1,473,981

5,475

(c),(e)

New

Jersey

Economic

Development

Authority,

Revenue

Bonds,

White

Horse

HMT

Urban

Renewal

LLC

Project,

Series

2020,

5.000%,

1/01/40

1/28

at

102.00

3,739,756

6,460

New

Jersey

Economic

Development

Authority,

Special

Facilities

Revenue

Bonds,

Continental

Airlines

Inc.,

Refunding

Series

2012,

5.750%,

9/15/27,

(AMT)

5/24

at

100.00

6,463,899

15,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2009A,

0.000%,

12/15/39

No

Opt.

Call

7,661,046

500

South

Jersey

Port

Corporation,

New

Jersey,

Marine

Terminal

Revenue

Bonds,

Subordinate

Series

2017B,

5.000%,

1/01/42,

(AMT)

1/28

at

100.00

511,822

Total

New

Jersey

22,399,202

New

Mexico

-

0.1%

(0.1%

of

Total

Investments)

825

(c)

Winrock

Town

Center

Tax

Increment

Development

District

1,

Albuquerque,

New

Mexico,

Gross

Receipts

Tax

Increment

Bonds,

Subordinate

Lien

Series

2020,

8.000%,

5/01/40

5/24

at

103.00

776,129

Total

New

Mexico

776,129

New

York

-

10.6%

(6.8%

of

Total

Investments)

250

Babylon

Local

Development

Corporation

II,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2023A,

5.750%,

2/01/33

No

Opt.

Call

253,058

950

Build

New

York

City

Resource

Corporation,

New

York,

Revenue

Bonds,

Metropolitan

College

of

New

York,

Series

2014,

5.250%,

11/01/34

11/24

at

100.00

570,000

2,910

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020A-1,

5.500%,

6/01/55

12/30

at

100.00

2,601,290

1,590

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020C-1,

5.000%,

6/01/55

12/30

at

100.00

1,313,265

450

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Montefiore

Obligated

Group,

Series

2018A,

4.000%,

8/01/38

8/28

at

100.00

421,979

36,150

(c)

Erie

County

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2006A,

0.000%,

6/01/60

5/24

at

6.70

2,318,169

153

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

York

(continued)

$

5,000

Glen

Cove

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Garvies

Point

Public

Improvement

Project,

Capital

Appreciation

Series

2016B,

0.000%,

1/01/45

No

Opt.

Call

$

1,290,645

15,500

Glen

Cove

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Garvies

Point

Public

Improvement

Project,

Capital

Appreciation

Series

2016C,

5.625%,

1/01/55

1/34

at

100.00

13,265,777

650

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2020A,

5.730%,

2/01/50

2/30

at

100.00

590,012

1,570

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020C-1,

5.250%,

11/15/55

5/30

at

100.00

1,631,829

380

(c)

Monroe

County

Industrial

Development

Corporation,

New

York,

Revenue

Bonds,

Academy

of

Health

Sciences

Charter

School

Project,

Social

Impact

Series

2022,

5.875%,

7/01/52

7/32

at

100.00

379,642

625

New

York

Counties

Tobacco

Trust

VI,

New

York,

Tobacco

Settlement

Pass-

Through

Bonds,

Turbo

Term

Series

2016A.

Including

2016A-1,

2016A-2A

and

2016A-2B,

5.000%,

6/01/45

6/26

at

100.00

583,302

1,740

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

5.250%,

1/01/50,

(AMT)

7/24

at

100.00

1,722,596

3,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Refunding

Series

2016,

5.000%,

8/01/31,

(AMT)

5/24

at

100.00

3,000,211

875

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Series

2020,

5.375%,

8/01/36,

(AMT)

8/30

at

100.00

921,274

4,900

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2023,

5.625%,

4/01/40,

(AMT)

4/31

at

100.00

5,328,266

10,000

Suffolk

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2021B-2,

0.000%,

6/01/66

6/31

at

27.72

962,721

Syracuse

Industrial

Development

Authority,

New

York,

PILOT

Revenue

Bonds,

Carousel

Center

Project,

Refunding

Series

2016A

:

2,950

5.000%,

1/01/32,

(AMT)

1/26

at

100.00

2,219,527

4,000

5.000%,

1/01/33,

(AMT)

1/26

at

100.00

3,007,105

3,320

5.000%,

1/01/35,

(AMT)

1/26

at

100.00

2,494,445

2,775

5.000%,

1/01/36,

(AMT)

1/26

at

100.00

2,085,004

22,700

TSASC

Inc.,

New

York,

Tobacco

Asset-Backed

Bonds,

Series

2006,

5.000%,

6/01/48

6/27

at

100.00

20,196,560

Total

New

York

67,156,677

Ohio

-

7.4%

(4.8%

of

Total

Investments)

29,235

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Capital

Appreciation

Series

2020B-3

Class

2,

0.000%,

6/01/57

6/30

at

22.36

2,898,466

195

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1,

3.000%,

6/01/48

6/30

at

100.00

142,728

10,450

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020B-2

Class

2,

5.000%,

6/01/55

6/30

at

100.00

9,474,196

2,610

Cleveland,

Ohio,

Airport

Special

Revenue

Bonds,

Continental

Airlines

Inc.

Project,

Series

1998,

5.375%,

9/15/27,

(AMT)

5/24

at

100.00

2,610,506

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

154

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Ohio

(continued)

$

1,275

County

of

Lucas,

Ohio,

Hospital

Revenue

Bonds,

ProMedica

Healthcare

Obligated

Group,

Series

2018A,

5.250%,

11/15/48

11/28

at

100.00

$

1,267,926

Evans

Farm

New

Communty

Authority,

Ohio,

Community

Development

Charge

Revenue

Bonds,

Evans

Farm

Mixed-Use

Project,

Series

2020

:

2,170

3.750%,

12/01/38

6/29

at

100.00

1,756,197

140

4.000%,

12/01/46

6/29

at

100.00

108,422

880

(c)

Hilliard

Hickory

Chase

Community

Authority,

Ohio,

Infustructure

Improvement

Revenue

Bonds,

Hickory

Chase

Project,

Senior

Series

2019A,

5.000%,

12/01/40

12/29

at

100.00

792,624

Muskingum

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Genesis

HealthCare

System

Obligated

Group

Project,

Series

2013

:

2,000

5.000%,

2/15/44

5/24

at

100.00

1,843,356

3,000

5.000%,

2/15/48

5/24

at

100.00

2,691,984

6,450

(c)

Ohio

Air

Quality

Development

Authority,

Ohio,

Exempt

Facilities

Revenue

Bonds,

AMG

Vanadium

Project,

Series

2019,

5.000%,

7/01/49,

(AMT)

7/29

at

100.00

5,938,751

16,050

Ohio

Air

Quality

Development

Authority,

Ohio,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Nuclear

Generation

Project,

Refunding

Series

2009A,

4.750%,

6/01/33,

(Mandatory

Put

6/01/22)

No

Opt.

Call

16,624,881

990

Port

of

Greater

Cincinnati

Development

Authority,

Ohio,

Special

Obligation

Tax

Increment

Financing

Revenue

Bonds,

Cooperative

Township

Public

Parking

Project,

Gallery

at

Kenwood,

Senior

Lien

Series

2019A,

5.000%,

11/01/51

11/30

at

100.00

799,539

Total

Ohio

46,949,576

Oklahoma

-

1.1%

(0.7%

of

Total

Investments)

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

:

975

5.000%,

8/15/38

8/28

at

100.00

988,311

2,685

5.500%,

8/15/57

8/28

at

100.00

2,732,638

1,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Senior

Living

Community

Revenue

Bonds,

Montereau,

Inc

Project,

Refunding

Series

2017,

5.250%,

11/15/45

11/25

at

102.00

981,016

2,475

Tulsa

Municipal

Airport

Trust,

Oklahoma,

Revenue

Bonds,

American

Airlines

Inc.,

Refunding

Series

2000B,

5.500%,

6/01/35,

(AMT)

5/24

at

100.00

2,475,479

Total

Oklahoma

7,177,444

Oregon

-

0.7%

(0.4%

of

Total

Investments)

3,355

(c)

Oregon

Facilities

Authority

Charter

School

Revenue

Bonds,

Oregon,

Portland

Village

School

Project,

Series

2024,

6.750%,

12/15/54

12/34

at

100.00

3,239,134

100

(c)

Oregon

Facilities

Authority,

Revenue

Bonds,

Metro

East

Web

Academy

Project,

Series

2019A,

5.000%,

6/15/49

6/27

at

102.00

89,602

1,000

Yamhill

County

Hospital

Authority,

Oregon,

Revenue

Bonds,

Friendsview

Retirement

Community,

Refunding

Series

2021A,

5.000%,

11/15/56

11/28

at

103.00

769,550

Total

Oregon

4,098,286

Pennsylvania

-

3.6%

(2.3%

of

Total

Investments)

1,125

Allegheny

Country

Industrial

Development

Authority,

Pennsylvania,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2012,

5.750%,

8/01/42,

(AMT)

5/24

at

100.00

1,125,152

325

(c)

Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

615

Waterfront

Project,

Senior

Series

2021,

6.000%,

5/01/42

5/31

at

100.00

336,198

3,300

Beaver

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Generation

Project,

Refunding

Series

2006A,

4.750%,

1/01/35,

(Mandatory

Put

7/01/33)

No

Opt.

Call

3,368,695

155

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Pennsylvania

(continued)

$

1,555

Beaver

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Generation

Project,

Series

2008B,

3.750%,

10/01/47

4/31

at

100.00

$

1,228,504

2,565

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,  Alvernia

University

Project,

Series

2020,

5.000%,

10/01/49

10/29

at

100.00

2,214,603

3,100

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Reading

Hospital

&

Medical

Center

Project,

Series

2012A,

5.000%,

11/01/44

5/24

at

100.00

1,600,813

4,430

Butler

County

Hospital

Authority,

Pennsylvania,

Hospital

Revenue

Bonds,

Butler

Health

System

Project,

Series

2015A,

5.000%,

7/01/35

7/25

at

100.00

4,430,299

1,000

Chester

County

Health

and

Education

Facilities

Authority,

Pennsylvania,

Revenue

Bonds,

Simpson

Senior

Services

Project,

Series

2015A,

5.000%,

12/01/30

12/25

at

100.00

864,429

1,870

Chester

County

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Collegium

Charter

School

Project,

Series

2017A,

5.125%,

10/15/37

4/27

at

100.00

1,824,982

2,350

Dallas

Area

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Misericordia

University,

Series

2014,

5.000%,

5/01/37

5/24

at

100.00

2,227,807

3,555

(c)

Dauphin

County

General

Authority,

Pennsylvania,

Revenue

Bonds,

Harrisburg

University

of

Science

&

Technology

Project,

Series

2020,

6.250%,

10/15/53

10/28

at

100.00

2,861,030

1,720

(c),(e),(f)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-1,

10.000%,

12/01/40

6/30

at

100.00

172

1,720

(c),(e),(f)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-2,

10.000%,

12/01/40,

(AMT)

6/30

at

100.00

172

1,260

(e),(f)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2021A,

10.000%,

12/01/31

No

Opt.

Call

126

545

(c)

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

Mariana

Bracetti

Academy

Project,

Series

2020A,

5.375%,

6/15/50

12/27

at

100.00

497,638

Total

Pennsylvania

22,580,620

Puerto

Rico

-

6.6%

(4.2%

of

Total

Investments)

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Series

2010AAA

:

1,120

(e)

5.250%,

7/01/28

5/24

at

100.00

225,279

4

(e)

5.250%,

7/01/28

5/24

at

100.00

1,060

465

(e)

5.250%,

7/01/29

5/24

at

100.00

91,881

3

(e)

5.250%,

7/01/29

5/24

at

100.00

795

345

(e)

5.250%,

7/01/31

5/24

at

100.00

68,252

1

(e)

5.250%,

7/01/31

5/24

at

100.00

265

500

(e)

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Series

2010CCC,

5.250%,

7/01/28

5/24

at

100.00

97,263

100

(e)

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Series

2010XX,

5.250%,

7/01/27

5/24

at

100.00

19,519

400

(e)

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Series

2010ZZ,

5.250%,

7/01/24

5/24

at

100.00

77,810

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Series

2013A

:

1,000

(e)

5.050%,

1/01/24

7/23

at

100.00

197,210

1,000

(e)

10.000%,

1/01/24

No

Opt.

Call

128,262

2,070

(e)

5.000%,

7/01/29

5/24

at

100.00

418,037

3

(e)

Puerto

Rico

Electric

Power

Authority,

Power

Revenue

Bonds,

Series

WW,

5.375%,

1/01/24

6/23

at

100.00

787

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

156

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Puerto

Rico

(continued)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2007TT

:

$

130

(e)

5.000%,

1/01/24

No

Opt.

Call

$

27,855

3,750

(e)

5.000%,

7/01/26

5/24

at

100.00

742,054

310

(e)

5.000%,

7/01/32

5/24

at

100.00

64,595

1,860

(e)

5.000%,

7/01/37

5/24

at

100.00

385,895

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2008WW

:

370

(e)

5.375%,

1/01/24

No

Opt.

Call

71,549

190

(e)

5.375%,

1/01/24

No

Opt.

Call

36,847

25

(e)

5.250%,

7/01/33

5/24

at

100.00

4,863

2,995

(e)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2010CCC,

5.000%,

7/01/28

5/24

at

100.00

592,654

4,000

(e)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2010XX,

5.250%,

7/01/35

5/24

at

100.00

778,100

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2013A

:

5,000

(e)

7.000%,

7/01/33

5/24

at

100.00

855,167

10,000

(e)

6.750%,

7/01/36

5/24

at

100.00

1,743,893

3,170

(e)

5.000%,

7/01/42

5/24

at

100.00

664,894

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

:

10,202

0.000%,

7/01/46

7/28

at

41.38

3,199,110

7,550

0.000%,

7/01/51

7/28

at

30.01

1,731,246

967

Puerto

Rico,

General

Obligation

Bonds,

Clawback

Highway

Transportation

Authority

Claims

Taxable

Series

2022,

0.000%,

11/01/51

No

Opt.

Call

581,364

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

:

0

(g)

5.625%,

7/01/27

No

Opt.

Call

3

240

5.750%,

7/01/31

No

Opt.

Call

267,527

23,533

0.000%,

7/01/33

7/31

at

89.94

15,440,991

0

(g)

4.000%,

7/01/37

7/31

at

103.00

362

5,182

4.000%,

7/01/41

7/31

at

103.00

4,821,845

12

4.000%,

7/01/46

7/31

at

103.00

10,494

13,065

Puerto

Rico,

General

Obligation

Bonds,

Vintage

CW

NT

Claims

Taxable

Series

2022,

0.000%,

11/01/43

No

Opt.

Call

7,789,733

500

University

of

Puerto

Rico,

University

System

Revenue

Bonds,

Series

2006Q,

5.000%,

6/01/24

5/24

at

100.00

499,644

Total

Puerto

Rico

41,637,105

South

Carolina

-

0.4%

(0.2%

of

Total

Investments)

430

Berkeley

County,

South

Carolina,

Special

Assessment

Revenue

Bonds,

Nexton

Improvement

District,

Series

2019,

4.375%,

11/01/49

11/29

at

100.00

350,576

600

(c)

South

Carolina

Jobs-Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

Hilton

Head

Christian

Academy,

Series

2020,

5.000%,

1/01/55

1/30

at

100.00

514,041

1,450

(c)

South

Carolina

Jobs-Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

Palmetto

Scholars

Academy

Project,

Series

2015A,

5.125%,

8/15/35

2/25

at

100.00

1,343,055

Total

South

Carolina

2,207,672

Tennessee

-

1.2%

(0.8%

of

Total

Investments)

1,000

(c)

Bristol

Industrial

Development

Board,

Tennessee,

State

Sales

Tax

Revenue

Bonds,

Pinnacle

Project,

Capital

Appreciation

Series

2016B,

0.000%,

12/01/31

No

Opt.

Call

642,045

5,000

(c)

Bristol

Industrial

Development

Board,

Tennessee,

State

Sales

Tax

Revenue

Bonds,

Pinnacle

Project,

Series

2016A,

5.125%,

12/01/42

12/26

at

100.00

4,462,237

157

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Tennessee

(continued)

$

1,534

(c),(e)

Knox

County

Health,

Educational,

and

Housing

Facilities

Board,

Tennessee,

Revenue

Bonds,

Provision

Center

for

Proton

Therapy

Project,

Series

2014,

5.250%,

5/01/25

11/24

at

100.00

$

154

1,000

(e)

Memphis/Shelby

County

Economic

Development

Growth

Engine

Industrial

Development

Board,

Tennessee,

Tax

Increment

Revenue

Bonds,

Graceland

Project,

Senior

Series

2017A,

5.625%,

1/01/46

7/27

at

100.00

589,599

1,500

(c),(e)

The

Health

and

Educational

Facilities

Board

of

the

City

of

Franklin,

Tennessee,

Revenue

Bonds,

Provision

Cares

Proton

Therapy

Center,

Nashville

Project,

Series

2017A,

6.500%,

6/01/27

No

Opt.

Call

65,250

2,000

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2006B,

5.625%,

9/01/26

No

Opt.

Call

2,021,016

Total

Tennessee

7,780,301

Texas

-

5.1%

(3.3%

of

Total

Investments)

Austin

Convention

Enterprises

Inc.,

Texas,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

First

Tier

Series

2017A

:

500

5.000%,

1/01/31

1/27

at

100.00

505,353

500

5.000%,

1/01/32

1/27

at

100.00

505,198

Austin

Convention

Enterprises

Inc.,

Texas,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Second

Tier

Series

2017B

:

340

5.000%,

1/01/25

No

Opt.

Call

338,146

475

5.000%,

1/01/29

1/27

at

100.00

470,813

850

5.000%,

1/01/34

1/27

at

100.00

836,984

3,000

Clifton

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Uplift

Education

Charter

School,

Series

2015A,

5.000%,

12/01/45

6/25

at

100.00

2,919,818

2,065

Conroe

Local

Government

Corporation,

Texas,

Hotel

Revenue

Bonds,

Conroe

Convention

Center

Hotel,

Second-Lien

Series

2021B,

5.000%,

10/01/50

10/31

at

100.00

1,508,123

1,350

(c)

Fate,

Rockwall

County,

Texas,

Special

Assessment

Revenue

Bonds,

Monterra

Public

Improvement

District

Improvement

Area

2,

Series

2024,

5.750%,

8/15/54

8/34

at

100.00

1,282,732

4,665

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

Continental

Airlines

Inc.

-

Terminal

Improvement

Project,

Refunding

Series

2011,

6.500%,

7/15/30,

(AMT)

5/24

at

100.00

4,668,089

250

(c)

Leander,

Texas,

Special

Assessment

Revenue

Bonds,

Deerbrooke

Public

Improvement

District

Southern

Improvement

Area

Project,

Series

2017,

4.750%,

9/01/37

9/26

at

100.00

233,360

200

(c)

Manor,

Texas,

Special

Assessment

Revenue

Bonds,

Lagos

Public

Improvement

District

Major

Improvement

Area

Project,

Series

2020,

4.625%,

9/15/49

9/30

at

100.00

174,891

520

(c)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Beta

Academy,

Series

2019A,

5.000%,

8/15/49

8/24

at

100.00

480,008

70

(e)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Retirement

Facility

Revenue

Bonds,

Buckingham

Senior

Living

Community,

Inc.

Project,

Series

2021A-1,

7.500%,

11/15/37

No

Opt.

Call

53,270

445

(e)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Retirement

Facility

Revenue

Bonds,

Buckingham

Senior

Living

Community,

Inc.

Project,

Series

2021A-2,

7.500%,

11/15/36

No

Opt.

Call

364,020

4,086

(e)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Retirement

Facility

Revenue

Bonds,

Buckingham

Senior

Living

Community,

Inc.

Project,

Series

2021B,

2.000%,

11/15/61

11/26

at

105.00

1,510,283

12,525

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Senior

Living

Revenue

Bonds,

Sanctuary

LTC

LLC

Project,

Series

2021A-1,

5.500%,

1/01/57

1/28

at

103.00

10,398,780

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

158

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

625

(i)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Student

Housing

Revenue

Bonds,

CHF-Collegiate

Housing

Corpus

Christi

II,

L.L.C.-Texas

A&M

University-Corpus

Christi

Project,

Series

2016A,

5.000%,

4/01/48,

(Pre-refunded

4/01/26)

4/26

at

100.00

$

642,197

110

(c)

North

Richland

Hills,

Texas,

Special

Assessment

Revenue

Bonds,

City

Point

Public

Improvement

District

Zone

B

Project,

Series

2019,

5.375%,

9/01/50

9/30

at

100.00

106,626

2,000

(c)

Rockdale,

Milam

County,

Texas,

Special

Assessment

Revenue

Bonds,

Cornerstone

Public

Improvement

District

Improvement

Area

1,

Series

2023,

7.500%,

9/15/54

9/33

at

100.00

2,049,363

145

(c)

Royse

CIty,

Rockwall

County,

Texas,

Special

Assessment

Revenue

Bonds,

Waterscape

Public

improvement

District

Improvement

Area

2

Project,

Series

2019,

4.750%,

9/15/49

9/27

at

100.00

130,703

Tarrant

County

Cultural

Education

Facilities

Finance

Corporaton,

Texas,

Retirement

Facility

Revenue

Bonds,

C.C.

Young

Memorial

Home

Project,

Series

2016A

:

1,000

(e)

6.375%,

2/15/41

2/27

at

100.00

550,000

4,575

(e)

6.375%,

2/15/48

2/27

at

100.00

2,516,250

Total

Texas

32,245,007

Utah

-

2.6%

(1.7%

of

Total

Investments)

2,000

Military

Installation

Development

Authority,

Utah,

Tax

Allocation

Revenue

Bonds,

Series

2021A-2,

4.000%,

6/01/52

9/26

at

103.00

1,433,709

13,925

(h)

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2017A,

5.000%,

7/01/42,

(AMT),

(UB)

7/27

at

100.00

14,122,458

1,000

(c)

Utah

Charter

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Leadership

Learning

Academy

Project,

Series

2019A,

5.000%,

6/15/50

6/27

at

102.00

900,417

Total

Utah

16,456,584

Virgin

Islands

-

3.0%

(1.9%

of

Total

Investments)

670

Virgin

Islands

Public

Finance

Authority,

Gross

Receipts

Taxes

Loan

Note,

Refunding

Series

2012A,

5.000%,

10/01/32

5/24

at

100.00

635,880

15,150

(c)

Virgin

Islands

Public

Finance

Authority,

Gross

Receipts

Taxes

Loan

Note,

Refunding

Series

2014C,

5.000%,

10/01/30

10/24

at

100.00

14,796,387

150

(c)

Virgin

Islands

Public

Finance

Authority,

Gross

Receipts

Taxes

Loan

Note,

Working

Capital

Series

2014A,

5.000%,

10/01/24

No

Opt.

Call

149,658

1,930

(c)

Virgin

Islands

Water

and

Power

Authority,

Electric

System

Revenue

Bonds,

Bond

Anticipation

Notes,

Senior

Series

2021A,

6.750%,

7/01/26

No

Opt.

Call

1,851,960

1,400

(c)

West

Indian

Company

Limited,

Virgin

Islands,

Port

Facilities

Revenue

Bonds,

WICO

Financing,

Series

2022A,

6.375%,

4/01/52

10/29

at

104.00

1,339,622

Total

Virgin

Islands

18,773,507

Virginia

-

2.3%

(1.5%

of

Total

Investments)

440

James

City

County

Economic

Development

Authority,

Virginia,

Residential

Care

Facility

Revenue

Bonds,

Williamsburg

Landing

Inc.,

Series

2024A,

6.750%,

12/01/53

12/30

at

103.00

475,668

Roanoke

County

Economic

Development

Authority,

Virginia

Residential

Care

Facility

Revenue

Bonds,

Richfield

Living,

Series

2019A

:

2,675

5.250%,

9/01/49

9/26

at

103.00

2,443,150

2,205

5.375%,

9/01/54

9/26

at

103.00

2,013,887

1,000

Virginia

Beach

Development

Authority,

Virginia,

Residential

Care

Facility

Revenue

Bonds,

Westminster

Canterbury

on

Chesapeake

Bay,

Series

2023A,

7.000%,

9/01/53

9/30

at

103.00

1,108,997

159

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Virginia

(continued)

$

641

(c)

Virginia

Small

Business

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Provident

Resource

Group

-

Rixey

Student

Housing

Project,

Series

2019B,

6.525%,

7/01/52,

(cash

7.500%,

PIK

7.500%)

No

Opt.

Call

$

384,741

8,290

(h)

Virginia

Small

Business

Financing

Authority,

Private

Activity

Revenue

Bonds,

Transform

66

P3

Project,

Senior

Lien

Series

2017,

5.000%,

12/31/56,

(AMT),

(UB)

6/27

at

100.00

8,306,243

Total

Virginia

14,732,686

Washington

-

0.1%

(0.1%

of

Total

Investments)

1,000

(c)

Washington

State

Housing

Finance

Commission,

Nonprofit

Housing

Revenue

Bonds,

Rockwood

Retirement

Communities

Project,

Series

2020A,

5.000%,

1/01/51

1/26

at

103.00

820,845

Total

Washington

820,845

West

Virginia

-

1.1%

(0.7%

of

Total

Investments)

Monongalia

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

University

Town

Centre

Economic

Opportunity

Development

District,

Refunding

&

Improvement

Series

2017A

:

3,000

(c)

5.500%,

6/01/37

6/27

at

100.00

3,052,669

625

(c)

5.750%,

6/01/43

6/27

at

100.00

636,125

2,770

(c)

Monongalia

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

University

Town

Centre

Economic

Opportunity

Development

District,

Subordinate

Improvement

and

Refunding

Series

2023B,

8.000%,

6/01/53

6/28

at

29.69

589,765

2,500

(c)

Monongalia

County,

West

Virginia,

Tax

Increment

Revenue

Bonds,

University

Town

Centre

Development

District

4,

Senior

Refunding

and

Improvement

Series

2023A,

6.000%,

6/01/53

6/33

at

100.00

2,623,953

Total

West

Virginia

6,902,512

Wisconsin

-

13.2%

(8.5%

of

Total

Investments)

Ashwaubenon

Community

Development

Authority,

Wisconsin,

Lease

Revenue

Bonds,

Brown

County

Expo

Center

Project,

Series

2019

:

3,500

0.000%,

6/01/49

6/29

at

47.10

1,038,879

14,610

0.000%,

6/01/54

6/29

at

37.80

3,295,372

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

21st

Century

Public

Academy

Project,

Series

2020A

:

750

(c)

5.000%,

6/01/40

6/28

at

102.00

675,422

1,340

(c)

5.000%,

6/01/49

6/28

at

102.00

1,127,695

365

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Corvian

Community

School

Bonds,

North

Carolina,

Series

2019A,

5.000%,

6/15/49

6/26

at

100.00

311,627

4,420

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Freedom

Classical

Academy

Inc.,

Series

2020A,

5.000%,

1/01/42

1/28

at

100.00

4,068,748

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

North

Carolina

Charter

Educational

Foundation

Project,

Series

2016A

:

3,000

(c)

5.000%,

6/15/36

6/26

at

100.00

2,642,207

4,240

(c)

5.000%,

6/15/46

6/26

at

100.00

3,296,646

3,315

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Uwharrie

Charter

Academy,

North

Carolina,

Series

2022A,

5.000%,

6/15/52

6/32

at

100.00

3,008,699

1,250

(c)

Public

Finance

Authority

of

Wisconsin,

Contract

Revenue

Bonds,

Mercer

Crossing

Public

Improvement

District

Project,

Series

2017,

7.000%,

3/01/47

3/27

at

100.00

1,286,328

500

(c)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Corvian

Community

School,

North

Carolina

Series

2023A,

6.250%,

6/15/48

6/33

at

100.00

504,101

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

160

NMCO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Wisconsin

(continued)

$

2,000

(c),(e)

Public

Finance

Authority

of

Wisconsin,

Educational

Facilities

Revenue

Bonds,

Lake

Erie

College,

Series

2019A,

5.875%,

10/01/54

10/29

at

100.00

$

1,331,071

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

Grant

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017A

:

14,695

(c),(e)

6.250%,

8/01/27

No

Opt.

Call

11,462,100

2,375

(c),(e)

6.750%,

8/01/31

No

Opt.

Call

1,733,750

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

PILOT

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017

:

555

(c)

6.750%,

12/01/42

12/27

at

100.00

530,570

19,415

(c)

7.000%,

12/01/50

12/27

at

100.00

18,789,287

2,000

(c)

Public

Finance

Authority

of

Wisconsin,

Multifamily

Housing

Revenue

Bonds,

Promenade

Apartments

Project,

Series

2024,

6.250%,

2/01/39

2/29

at

103.00

2,037,789

1,000

(c),(e)

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Alabama

Proton

Therapy

Center,

Senior

Series

2017B,

8.500%,

10/01/47

10/27

at

100.00

10

1,765

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Prime

Healthcare

Foundation,

Inc.,

Series

2017A,

5.200%,

12/01/37

12/27

at

100.00

1,783,650

2,000

(c)

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Procure

Proton

Therapy

Center,

Senior

Series

2018A,

7.000%,

7/01/48

7/28

at

100.00

1,400,000

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Roseman

University

of

Health

Sciences,

Series

2020

:

600

(c)

5.000%,

4/01/50

4/30

at

100.00

591,399

35

(c),(i)

5.000%,

4/01/50,

(Pre-refunded

4/01/30)

4/30

at

100.00

38,602

1,430

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Sky

Harbour

LLC

Obligated

Group

Aviation

Facilities

Project,

Series

2021,

4.250%,

7/01/54,

(AMT)

7/31

at

100.00

1,097,163

Public

Finance

Authority

of

Wisconsin,

Senior

Revenue

Bonds,

Maryland

Proton

Treatment

Center,

Series

2018A-1

:

5,885

(c)

6.125%,

1/01/33

1/28

at

100.00

2,648,250

250

(c)

6.250%,

1/01/38

1/28

at

100.00

112,500

8,735

(c)

6.375%,

1/01/48

1/28

at

100.00

3,930,750

210

(e),(f)

Public

Finance

Authority

of

Wisconsin,

Wisconsin

Revenue

Note,

KDC

Agribusiness

LLC

Project,

Series

2022B,

15.000%,

3/31/24

4/23

at

105.00

21

Wisconsin

Center

District,

Dedicated

Tax

Revenue

Bonds,

Supported

by

State

Moral

Obligation

Junior

Series

2020D

:

6,225

0.000%,

12/15/45

-

AGM

Insured

12/30

at

56.77

2,191,676

5,190

0.000%,

12/15/50

-

AGM

Insured

12/30

at

46.55

1,404,336

4,500

0.000%,

12/15/60

-

AGM

Insured

12/30

at

29.95

718,737

6,165

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Marshfield

Clinic,

Series

2016A,

5.000%,

2/15/42

2/26

at

100.00

6,166,418

3,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Saint

Camillus

Health

System

Inc,

Series

2019A,

5.000%,

11/01/46

11/26

at

103.00

2,534,296

1,730

Wisconsin

Housing

and

Economic

Development

Authority,

Housing

Revenue

Bonds,

Series

2017B,

3.900%,

11/01/42

11/26

at

100.00

1,570,678

Total

Wisconsin

83,328,777

Total

Municipal

Bonds

(cost

$1,027,668,118)

924,525,684

161

Shares

Description

(a)

Value

X

–

COMMON

STOCKS

-

9

.0

%

(

5

.8

%

of

Total

Investments)

X

56,670,438

Utilities

-

9.0%

(5.8%

of

Total

Investments)

20,982

(j),(k)

Talen

Energy

Supply

LLC

$

2,075,476

24,592

(f),(k),(l)

Vistra

Vision

54,594,962

Total

Utilities

56,670,438

Total

Common

Stocks

(cost

$25,078,655)

56,670,438

Principal

Amount

(000)

Description

(a)

Coupon

(m)

Reference

Rate

(m)

Spread

(m)

Maturity

(n)

Value

–

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

0

.0

%

(

0

.0

%

of

Total

Investments)

(m)

X

41,241

Capital

Goods

-

0.0%

(0.0%

of

Total

Investments)

$

322

(e),(f),(o)

KDC

Agribusiness

Fairless

Hills

LLC

12.000%

N/A

N/A

9/17/24

$

41,241

Total

Capital

Goods

41,241

Total

Variable

Rate

Senior

Loan

Interests

(cost

$321,690)

41,241

Total

Long-Term

Investments

(cost

$1,053,068,463)

981,237,363

Floating

Rate

Obligations

-

(4.2)%

(

26,175,000

)

MFP

Shares,

Net

-

(65.7)%(p)

(

414,229,844

)

Other

Assets

&

Liabilities,

Net

-   14.3%

89,783,657

Net

Assets

Applicable

to

Common

Shares

-

100%

$

630,616,176

(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)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$314,820,300

or

32.1%

of

Total

Investments.

(d)

Step-up

coupon

bond,

a

bond

with

a

coupon

that

increases

("steps

up"),

usually

at

regular

intervals,

while

the

bond

is

outstanding.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(e)

Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(f)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

(g)

Principal

Amount

(000)

rounds

to

less

than

$1,000.

(h)

Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

inverse

floating

rate

transactions.

(i)

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.

(j)

In

May

2023,

Talen

Energy

completed

a

Chapter

11

plan

of

reorganization

whereby

the

Fund

received

Talen

Energy

Common

Stock

in

exchange

for

the

following

portfolio

holding:

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Refunding

Bonds,

PPL

Energy

Supply,

LLC

Project,

Series

2009A,

6.400%,

12/01/38.

(k)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

(l)

On

March

1,

2024,

Vistra

Corp.

(“Vistra”)

completed

its

acquisition

of

Energy

Harbor

Corp

(“ENGH”).  ENGH

has

been

merged

into

a

newly

formed

subsidiary

of

Vistra,

Vistra

Vision.  In

connection

with

the

transaction,

holders

of

ENGH

common

stock

received

a

combination

of

cash

and

membership

interests

in

Vistra

Vision.  

These

Vistra

Vision

interests

were

issued

in

a

private

transaction

and

may

have

reduced

secondary

market

liquidity.

(m)

Senior

loans

generally

pay

interest

at

rates

which

are

periodically

adjusted

by

reference

to

a

base

short-term,

floating

lending

rate

(Reference

Rate)

plus

an

assigned

fixed

rate

(Spread).

These

floating

lending

rates

are

generally

(i)

the

lending

rate

referenced

by

the

London

Inter-Bank

Offered

Rate

("LIBOR"),

or

(ii)

the

prime

rate

offered

by

one

or

more

major

United

States

banks.

Senior

loans

may

be

considered

restricted

in

that

the

Fund

ordinarily

is

contractually

obligated

to

receive

approval

from

the

agent

bank

and/or

borrower

prior

to

the

disposition

of

a

senior

loan.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(n)

Senior

loans

generally

are

subject

to

mandatory

and/or

optional

prepayment.

Because

of

these

mandatory

prepayment

conditions

and

because

there

may

be

significant

economic

incentives

for

a

borrower

to

prepay,

prepayments

of

senior

loans

may

occur.

As

a

result,

the

actual

remaining

maturity

of

senior

loans

held

may

be

substantially

less

than

the

stated

maturities

shown.

(o)

Senior

loan

received

as

part

of

the

bondholder

funding

agreement

during

June

2023

for

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-1,

10.000%,

12/01/40,

144A,

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-2,

10.000%,

12/01/40,

(AMT),

144A,

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2021A,

10.000%,

12/01/31.

(p)

MFP

Shares,

Net

as

a

percentage

of

Total

Investments

is

42.2%.

Nuveen

Municipal

Credit

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

162

NMCO

AMT

Alternative

Minimum

Tax

N/A

Not

Applicable.

PIK

Payment-in-kind

(“PIK”)

security.  Depending

on

the

terms

of

the

security,

income

may

be

received

in

the

form

of

cash,

securities,

or

a

combination

of

both.  The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

of

the

last

PIK

payment

made

by

the

issuer

as

of

the

end

of

the

reporting

period.

UB

Underlying

bond

of

an

inverse

floating

rate

trust

reflected

as

a

financing

transaction.

WI/DD

When-issued

or

delayed

delivery

security.

See

Notes

to

Financial

Statements

163

Nuveen

Dynamic

Municipal

Opportunities

Fund

Portfolio

of

Investments

April

30,

2024

(Unaudited)

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

LONG-TERM

INVESTMENTS

-

130.3% 

(99.4%

of

Total

Investments)

X

–

MUNICIPAL

BONDS

-

123.8%

(94.4%

of

Total

Investments)

X

803,145,780

Alabama

-

6.3%

(4.8%

of

Total

Investments)

$

5,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2023A,

5.250%,

1/01/54,

(Mandatory

Put

10/01/30)

7/30

at

100.25

$

5,291,173

2,360

Hoover

Industrial

Development

Board,

Alabama,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Proejcet,

Green

Series

2020,

6.375%,

11/01/50,

(AMT),

(Mandatory

Put

11/01/30)

No

Opt.

Call

2,590,193

Jefferson

County,

Alabama,

Sewer

Revenue

Warrants,

Series

2024

:

475

5.250%,

10/01/40

10/33

at

100.00

520,820

585

5.250%,

10/01/41

10/33

at

100.00

637,640

705

5.250%,

10/01/42

10/33

at

100.00

764,789

705

5.250%,

10/01/43

10/33

at

100.00

762,498

705

5.250%,

10/01/44

10/33

at

100.00

759,630

565

5.250%,

10/01/45

10/33

at

100.00

605,842

870

5.250%,

10/01/49

10/33

at

100.00

916,723

4,685

(c)

Mobile

County,

Alabama,

Limited

Obligation

Warrants,

Gomesa

Projects,

Series

2020,

4.000%,

11/01/45

11/29

at

100.00

4,162,736

20,000

Southeast

Energy

Authority,

Alabama,

Commodity

Supply

Revenue

Bonds,

Project

4,

Series

2022B-1,

5.000%,

5/01/53,

(Mandatory

Put

8/01/28)

5/28

at

100.34

20,644,712

2,719

(c)

Tuscaloosa

County

Industrial

Development

Authority,

Alabama,

Gulf

Opportunity

Zone

Bonds,

Hunt

Refining

Project,

Refunding

Series

2019A,

4.500%,

5/01/32

5/24

at

100.00

2,717,687

500

UAB

Medicine

Finance

Authority,

Alabama,

Revenue

Bonds,

Series

2017B-

2,

5.000%,

9/01/41

3/27

at

100.00

508,987

Total

Alabama

40,883,430

Arizona

-

6.6%

(5.0%

of

Total

Investments)

7,650

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Heritage

Academy

-

Gateway

and

Laveen

Pojects,

Taxable

Series

2021A,

5.000%,

7/01/51

7/28

at

103.00

6,611,990

1,500

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Social

Bonds

Pensar

Academy

Project,

Series

2020,

5.000%,

7/01/55

7/28

at

100.00

1,289,489

4,500

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Hotel

Revenue

Bonds,

Provident

Group

Falcon

Properties

LLC,

Project,

Senior

Series

2022A-1,

4.000%,

12/01/51

12/31

at

100.00

3,297,191

Arizona

Industrial

Development

Authority,

Senior

National

Charter

School

Revolving

Loan

Fund

Revenue

Bonds,

Social

Series

2023A

:

730

5.250%,

11/01/48

11/32

at

100.00

770,921

730

5.250%,

11/01/53

11/32

at

100.00

764,504

1,200

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

1,198,378

1,090

(c)

Coconino

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Flagstaff

Arts

&

Leadership

Academy

Project,

Refunding

Series

2020,

5.500%,

7/01/40

7/28

at

100.00

975,811

1,000

(c)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Educational

Facilities

Revenue

Bonds,

Ottawa

University

Projects,

Series

2020,

5.250%,

10/01/40

10/27

at

103.00

941,210

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

164

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Arizona

(continued)

$

3,405

(c)

Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Northwest

Christian

School

Project,

Series

2020A,

5.000%,

9/01/55

9/30

at

100.00

$

2,884,147

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Refunding

Series

2020

:

5,265

(c)

5.000%,

7/01/35

7/26

at

103.00

5,247,046

6,800

(c)

5.000%,

7/01/40

7/26

at

103.00

6,464,601

4,580

(c)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Synergy

Public

Charter

School

Project,

Series

2020-1,

5.000%,

6/15/50

6/28

at

100.00

4,028,524

7,500

Salt

River

Project

Agricultural

Improvement

and

Power

District,

Arizona,

Electric

System

Revenue

Bonds,

Series

2023B,

5.250%,

1/01/53

1/34

at

100.00

8,174,297

Total

Arizona

42,648,109

Arkansas

-

1.7%

(1.3%

of

Total

Investments)

4,500

(c)

Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation,

Green

Series

2022,

5.450%,

9/01/52,

(AMT)

9/25

at

105.00

4,557,231

6,500

(c)

Arkansas

Development

Finance

Authority,

Industrial

Development

Revenue

Bonds,

Big

River

Steel

Project,

Series

2019,

4.500%,

9/01/49,

(AMT)

9/26

at

103.00

6,364,868

Total

Arkansas

10,922,099

California

-

7.6%

(5.8%

of

Total

Investments)

1,960

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2023C,

5.250%,

1/01/54,

(Mandatory

Put

10/01/31)

10/30

at

100.65

2,045,828

6,770

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2023G,

5.250%,

11/01/54,

(Mandatory

Put

4/01/30)

1/30

at

100.19

7,207,456

3,815

(c)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Creekwood,

Series

2021A,

4.000%,

2/01/56

8/31

at

100.00

2,514,050

6,290

(c)

California

Pollution

Control

Financing

Authority,

Water

Furnishing

Revenue

Bonds,

Poseidon

Resources

Channelside

LP

Desalination

Project,

Series

2012,

5.000%,

7/01/30,

(AMT)

7/24

at

100.00

6,303,310

5,000

(c)

California

Public

Finance

Authority,

Charter

School

Lease

Revenue

Bonds,

California

Crosspoint

Academy

Project,

Series

2020A,

5.125%,

7/01/55

7/28

at

100.00

4,190,133

465

(c)

California

Public

Finance

Authority,

Senior

Living

Revenue

Bonds,

Enso

Village,

Refunding

Green

Series

2021A,

5.000%,

11/15/46

11/29

at

102.00

416,919

2,000

(c)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Scholarship

Prep

Public

Schools

Obligated

Group,

Series

2020A,

5.000%,

6/01/60

6/28

at

100.00

1,719,076

10,270

California

State,

General

Obligation

Bonds,

Taxable

Various

Purpose

Series

2018,

4.600%,

4/01/38

4/28

at

100.00

9,523,724

945

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2024,

5.000%,

9/01/53

3/34

at

100.00

1,020,943

1,220

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A,

5.000%,

12/01/41

6/26

at

100.00

1,227,166

6,180

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Center

City

Anaheim,

Series

2020A,

5.000%,

1/01/54

1/31

at

100.00

4,916,986

Los

Angeles

Unified

School

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Refunding

Series

2024A

:

2,575

5.000%,

7/01/33

No

Opt.

Call

3,005,050

165

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

California

(continued)

$

1,820

5.000%,

7/01/34

No

Opt.

Call

$

2,149,183

985

(d)

Northstar

Community

Services

District,

California,

Special

Tax

Bonds,

Community

Facilities

District

1,

Series

2006,

1.750%,

9/01/37

9/24

at

100.00

295,630

1,070

River

Islands

Public

Financing

Authority,

California,

Special

Tax

Bonds,

Community

Facilities

District

2003-1

Improvement

Area

1,

Refunding

Series

2022A-1,

5.000%,

9/01/42

-

AGM

Insured

9/29

at

103.00

1,157,342

1,070

River

Islands

Public

Financing

Authority,

California,

Special

Tax

Bonds,

Community

Facilities

District

2003-1

Improvement

Area

1,

Subordinate

Series

2022B-2,

5.000%,

9/01/42

9/29

at

103.00

1,081,411

750

San

Francisco

Community

College

District,

California,

General

Obligation

Bonds,

Taxable

Election

2020

Series

2020A-1,

3.165%,

6/15/41

6/30

at

100.00

559,345

Total

California

49,333,552

Colorado

-

17.2%

(13.1%

of

Total

Investments)

2,370

64th

Avenue

ARI

Authority,

Adams

County,

Colorado,

Special

Revenue

Bonds,

Series

2020,

6.500%,

12/01/43

12/25

at

103.00

2,297,591

1,060

Aurora

Crossroads

Metropolitan

District

2,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.000%,

12/01/50

9/25

at

103.00

946,551

2,285

Aurora

Crossroads

Metropolitan

District

2,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Subordinate

Series

2020B,

7.750%,

12/15/50

9/25

at

103.00

2,126,123

5,220

Aurora

Highlands

Community

Authority

Board,

Adams

County,

Colorado,

Special

Tax

Revenue

Bonds,

Refunding

&

Improvement

Series

2021A,

5.750%,

12/01/51

12/28

at

103.00

4,682,319

499

Aviation

Station

North

Metropolitan

District

2,

Denver

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2019A,

4.000%,

12/01/29

9/24

at

103.00

470,857

1,725

Belford

North

Metropolitan

District,

Douglas

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020A,

5.500%,

12/01/50

12/25

at

103.00

1,539,093

1,000

Bennett

Ranch

Metropolitan

District

1,

Adams

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Tax

Series

2021A,

5.000%,

12/01/51

3/26

at

103.00

859,429

500

(c)

Broadway

Park

North

Metropolitan

District

2,

Denver,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2020,

5.000%,

12/01/40

12/25

at

103.00

469,916

1,000

Broadway

Station

Metropolitan

District

2,

Denver

City

and

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Series

2019A,

5.125%,

12/01/48

6/24

at

103.00

795,319

1,500

Canyons

Metropolitan

District

5,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Junior

Subordinate

Series

2016,

7.000%,

12/15/57

5/24

at

100.00

1,035,349

1,450

Citadel

on

Colfax

Business

Improvement

District,

Aurora,

Colorado,

Special

Revenue

and

Tax

Supported

Bonds,

Senior

Series

2020A,

5.350%,

12/01/50

12/25

at

103.00

1,293,157

Colorado

Bridge

and

Tunnel

Enterprise,

Colorado,

Senior

Infrastructure

Revenue

Bonds,

Series

2024A

:

525

5.250%,

12/01/49

-

AGM

Insured

12/34

at

100.00

573,466

655

5.500%,

12/01/54

-

AGM

Insured

12/34

at

100.00

729,339

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

New

Summit

Charter

Academy

Project,

Series

2021A

:

100

(c)

4.000%,

7/01/41

7/31

at

100.00

83,763

100

(c)

4.000%,

7/01/51

7/31

at

100.00

75,637

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

166

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

1,000

(c)

Colorado

Educational

and

Cultural

Facilities

Authority,

Revenue

Bonds,

Global

Village

Academy

-

Northglenn

Project,

Series

2020,

5.000%,

12/01/50

12/30

at

100.00

$

840,037

500

(c),(d)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Cappella

of

Grand

Junction

Project,

Series

2019,

5.000%,

12/01/54

12/26

at

103.00

307,682

16,000

Colorado

International

Center

Metropolitan

District

8,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020,

6.500%,

12/01/50

9/25

at

103.00

14,656,698

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Series

2022A

:

1,000

5.000%,

11/15/31,

(AMT)

No

Opt.

Call

1,096,666

1,355

5.500%,

11/15/38,

(AMT)

11/32

at

100.00

1,514,985

4,000

(c)

Falcon

Area

Water

and

Wastewater

Authority

(El

Paso

County,

Colorado),

Tap

Fee

Revenue

Bonds,

Series

2022A,

6.750%,

12/01/34

9/27

at

103.00

3,940,275

1,000

Foothills

Metropolitan

District,

Fort

Collins,

Colorado,

Special

Revenue

Bonds,

Series

2014,

6.000%,

12/01/38

12/24

at

100.00

945,018

Fourth

North

Business

Improvement

District,

Silverthorne,

Summit

County,

Colorado,

Special

Revenue

and

Tax

Supported

Bonds,

Refunding

&

Improvement

Senior

Series

2022A

:

1,425

5.250%,

12/01/32

12/30

at

102.00

1,427,684

1,200

5.750%,

12/01/52

12/30

at

102.00

1,168,078

2,000

(c)

Future

Legends

Sports

Park

Metropolitan

District

2,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.500%,

6/01/50

6/25

at

103.00

1,720,507

1,360

(c)

Hogback

Metropolitan

District,

Jefferson

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

to

Unlimited

Tax

Series

2021A,

5.000%,

12/01/51

12/26

at

103.00

1,154,382

5,250

Jefferson

Center

Metropolitan

District

1,

Arvada,

Jefferson

County,

Colorado,

Special

Revenue

Bonds,

Subordinate

Series

2020B,

5.750%,

12/15/50

5/24

at

103.00

5,248,615

2,000

Jones

District

Community

Authority

Board,

Centennial,

Colorado,

Special

Revenue

Convertible

Capital

Appreciaiton

Bonds,

Series

2020A,

5.750%,

12/01/50

12/25

at

103.00

1,777,478

1,000

Kinston

Metropolitan

District

5,

Loveland,

Larimer

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.125%,

12/01/50

12/25

at

103.00

956,800

Kremmling

Memorial

Hospital

District,

Colorado,

Certificates

of

Participation,

Series

2024

:

1,500

(c)

6.125%,

12/01/44

12/31

at

103.00

1,415,095

1,200

(c)

6.625%,

12/01/56

12/31

at

103.00

1,126,101

1,380

Lanterns

Metropolitan

District

1,

Castle

Rock,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2019A,

5.000%,

12/01/39

9/24

at

103.00

1,336,175

1,030

Lanterns

Metropolitan

District

3,

Douglas

County,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Convertible

Capital

Appreciation

Series

2023A-2,

8.000%,

12/01/53

12/28

at

103.00

755,735

560

Lanterns

Metropolitan

District

3,

Douglas

County,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Series

2023A-1,

7.250%,

12/01/53

12/28

at

103.00

583,623

3,000

(c)

Ledge

Rock

Center

Commercial

Metropolitan

District

(In

the

Town

of

Johnstown,

Weld

County,

Colorado),

Limited

Tax

General

Obligation

Bonds,

Series

2022,

7.375%,

11/01/52

11/29

at

103.00

2,990,238

Mayberry

Community

Authority,

Colorado

Springs,

El

Paso

County,

Colorado,

Special

Revenue

Bonds,

Series

2021A

:

500

5.000%,

12/01/41

6/26

at

103.00

457,508

500

5.000%,

4/15/51

6/26

at

103.00

428,748

167

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

480

Mountain

Sky

Metropolitan

District,

Fort

Lupton,

Weld

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.000%,

12/01/49

3/25

at

103.00

$

432,693

North

Range

Metropolitan

District

3,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-3

:

2,000

5.000%,

12/01/40

12/25

at

103.00

1,923,648

1,000

5.250%,

12/01/50

12/25

at

103.00

952,681

1,810

Northfield

Metropolitan

District

2,

Fort

Collins,

Larimer

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A,

5.000%,

12/01/50

12/25

at

103.00

1,576,588

Painted

Prairie

Public

Improvement

Authority,

Aurora,

Colorado,

Special

Revenue

Bonds,

Series

2019

:

500

4.000%,

12/01/29

12/24

at

103.00

466,506

1,250

5.000%,

12/01/39

12/24

at

103.00

1,168,761

285

(c)

Peak

Metropolitan

District

1,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021A,

5.000%,

12/01/51

3/26

at

103.00

236,025

1,100

Peak

Metropolitan

District

3,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2022A-1,

7.500%,

12/01/52

12/27

at

103.00

1,099,330

925

Pinon

Pines

Metropolitan

District

2,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020,

5.000%,

12/01/40

9/25

at

103.00

879,924

7,034

Pioneer

Community

Authority

Board

(Weld

County,

Colorado),

Special

Revenue

Bonds,

Series

2022,

6.500%,

12/01/34

6/29

at

103.00

6,740,044

3,665

Rampart

Range

Metropolitan

District

1,

Lone

Tree,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017,

5.000%,

12/01/42

12/27

at

100.00

3,754,496

2,000

Rampart

Range

Metropolitan

District

5,

Lone

Tree,

Douglas

County,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Series

2021,

4.000%,

12/01/41

10/26

at

102.00

1,659,532

2,320

Silverstone

Metropolitan

District

3,

Weld

County,

Colorado,

General

Obligation

and

Special

Revenue

Bonds,

Limited

Tax

Series

2023,

7.750%,

12/01/45

12/28

at

103.00

2,340,720

1,215

SouthGlenn

Metropolitan

District,

Colorado,

Special

Revenue

Bonds,

Refunding

Series

2016,

5.000%,

12/01/30

5/24

at

101.00

1,197,023

708

Sterling

Ranch

Community

Authority

Board,

Douglas

County,

Colorado,

Limited

Tax

Supported

District

2,

Subordinate

Series

2020B,

7.125%,

12/15/50

12/25

at

102.00

692,840

Sterling

Ranch

Metropolitan

District

1,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020

:

2,350

5.000%,

12/01/40

12/25

at

103.00

2,208,607

2,300

5.125%,

12/01/50

12/25

at

103.00

2,055,472

496

Tallman

Gulch

Metropolitan

District,  Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Refunding

and

Improvement

Bonds,Subordinate

Limited

Tax

General

Obligation

Bonds,

Series

2018A,

5.250%,

12/01/47

5/24

at

102.00

480,001

1,000

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Convertible

Capital

Appreciation

Series

2021A-2,

5.500%,

12/01/51

3/26

at

103.00

755,338

1,270

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Series

2021A-1,

5.000%,

12/01/41

3/26

at

103.00

1,074,921

5,000

Velocity

Metropolitan

District

5,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

Capital

Appreciation

Series

2020A-2,

6.000%,

12/01/50

5/24

at

83.61

3,534,508

10,000

Velocity

Metropolitan

District

5,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-1,

5.375%,

12/01/50

5/24

at

103.00

9,194,393

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

168

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Colorado

(continued)

$

1,500

Verve

Metropolitan

District

1,

Jefferson

County

and

the

City

and

County

of

Broomfield,

Colorado,

General

Obligation

Bonds,

Refunding

and

Improvement

Limited

Tax

Series

2021,

5.000%,

12/01/51

3/26

at

103.00

$

1,124,747

2,000

(c)

Windler

Public

Improvement

Authority,

Aurora,

Colorado,

Limited

Tax

Supported

Revenue

Bonds,

Series

2021A-1,

4.125%,

12/01/51

9/26

at

103.00

1,413,230

961

Woodmen

Heights

Metropolitan

District

2,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Taxable

Converting

to

Tax-Exempt

Refunding

Subordinate

Series

2020B-1,

6.250%,

12/15/40

12/25

at

103.00

899,470

Total

Colorado

111,687,535

Connecticut

-

0.5%

(0.4%

of

Total

Investments)

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Nuvance

Health

Series

2019A

:

1,325

4.000%,

7/01/34

7/29

at

100.00

1,275,655

1,250

4.000%,

7/01/36

7/29

at

100.00

1,178,478

1,255

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2016B-1,

2.950%,

11/15/31

11/25

at

100.00

1,137,357

Total

Connecticut

3,591,490

Delaware

-

0.4%

(0.3%

of

Total

Investments)

400

(c)

Bridgeville,

Delaware,

Special

Obligation

Bonds,

Heritage

Shores

Special

Development

District,

Series

2024,

5.625%,

7/01/53,

(WI/DD)

7/33

at

100.00

414,525

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B

:

500

4.600%,

7/01/44,

(UB),

(WI/DD)

7/33

at

100.00

503,687

500

4.650%,

7/01/49,

(UB),

(WI/DD)

7/33

at

100.00

500,453

960

4.750%,

7/01/54,

(UB),

(WI/DD)

7/33

at

100.00

961,184

Total

Delaware

2,379,849

District

of

Columbia

-

1.8%

(1.3%

of

Total

Investments)

325

District

of

Columbia

Revenue

Bonds,

Rocketship

Education

DC

Public

Charter

School

Inc.,

Obligated

Group

-Issue

3,

Series

2024A,

5.750%,

6/01/54

6/31

at

100.00

325,913

10,000

District

of

Columbia,

Income

Tax

Secured

Revenue

Bonds,

Series

2022A,

5.500%,

7/01/47

7/32

at

100.00

11,116,308

Total

District

of

Columbia

11,442,221

Florida

-

11.2%

(8.6%

of

Total

Investments)

1,565

Ave

Maria

Stewardship

Community

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Ave

Maria

National

Project,

Series

2021,

3.750%,

5/01/41

5/31

at

100.00

1,336,048

Capital

Trust

Agency,

Florida,

Educational

Facilities

Lease

Revenue

Bonds,

South

Tech

Schools

Project,

Series

2020A

:

1,230

(c)

5.000%,

6/15/40

6/27

at

100.00

1,160,970

1,260

(c)

5.000%,

6/15/55

6/27

at

100.00

1,105,648

4,690

(c)

Currents

Community

Development

District,

Collier

County,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2020B,

4.250%,

5/01/41

No

Opt.

Call

4,118,768

10,000

(c)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Discovery

High

School

Project,

Series

2020A,

5.000%,

6/01/55

6/29

at

100.00

7,188,019

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School

Income

Projects,

Series

2023A

:

835

(c)

6.000%,

6/15/33

No

Opt.

Call

912,118

1,000

(c)

6.500%,

6/15/38

6/30

at

103.00

1,094,218

1,000

(c)

6.625%,

6/15/43

6/30

at

103.00

1,089,635

169

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

2,450

(c)

Florida

Development

Finance

Corporation,

Florida,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Pro

USA,

Inc.

Project,

Series

2023,

6.125%,

7/01/32,

(AMT),

(Mandatory

Put

7/01/26)

4/26

at

100.00

$

2,501,003

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024

:

4,475

(c)

1.000%,

7/15/32,

(AMT),

(Mandatory

Put

7/15/28),

(WI/DD)

5/24

at

100.00

4,620,437

1,900

5.000%,

7/01/41,

(AMT),

(WI/DD)

7/32

at

100.00

1,948,651

1,300

5.000%,

7/01/44

-

AGM

Insured,

(AMT),

(UB),

(WI/DD)

7/32

at

100.00

1,353,515

1,760

5.250%,

7/01/53

-

AGM

Insured,

(AMT),

(UB),

(WI/DD)

7/32

at

100.00

1,835,364

1,400

5.500%,

7/01/53,

(AMT),

(WI/DD)

7/32

at

100.00

1,451,722

2,750

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2023A,

7.500%,

7/01/57,

(AMT),

(Mandatory

Put

8/15/24)

5/24

at

104.00

2,736,404

25,650

(c)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2023C,

8.250%,

7/01/57,

(AMT),

(Mandatory

Put

8/15/24)

4/24

at

100.00

25,700,017

Grand

Oaks

Community

Development

District,

Saint

Johns

County,

Florida,

Special

Assessment

Bonds,

Assessment

Area

2,

Series

2020

:

1,095

4.250%,

5/01/40

5/31

at

100.00

995,158

1,500

4.500%,

5/01/52

5/31

at

100.00

1,307,120

2,500

Greater

Orlando

Aviation

Authority,

Florida,

Special

Purpose

Airport

Facilities

Revenue

Bonds,

JetBlue

Airways

Corporation,

Series

2013,

5.000%,

11/15/36,

(AMT)

5/24

at

100.00

2,500,586

1,000

Hammock

Reserve

Community

Development

District,

Haines

City,

Florida,

Special

Assessment

Revenue

Bonds,

Area1

Project,

Series

2020,

4.000%,

5/01/51

5/30

at

100.00

835,312

415

Hobe-Saint

Lucie

Conservancy

District,

Florida,

Special

Assessment

Revenue

Bonds,

Improvement

Unit

1A,

Series

2024,

4.750%,

5/01/31

No

Opt.

Call

419,852

1,225

(c)

Miami

Dade

County

Industrial

Development

Authority,

Florida,

Educational

Facilities

Revenue

Bonds,

Miami

Community

Charter

School

Inc

Project,

Series

2020A,

5.000%,

6/01/47

6/26

at

103.00

1,059,230

870

(e)

Miami-Dade

County,

Florida,

Seaport

Revenue

Bonds,

Refunding

Series

2022A,

5.250%,

10/01/52,

(AMT),

(UB)

10/32

at

100.00

912,090

Miami-Dade

County,

Florida,

Special

Obligation

Bonds,

Subordinate

Series

2009

:

1,360

0.000%,

10/01/37

-

BAM

Insured

No

Opt.

Call

793,772

1,480

0.000%,

10/01/42

-

BAM

Insured

No

Opt.

Call

646,134

Mirada

Community

Development

District,

Florida,

Capital

Improvement

Bonds,  Assessment

Area

3

Series

2024

:

100

(c)

4.750%,

5/01/31

No

Opt.

Call

99,178

250

(c)

5.625%,

5/01/44

5/34

at

100.00

245,733

325

(c)

North

AR-1

of

Pasco

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

5,

Series

2024,

5.750%,

5/01/44

5/34

at

100.00

324,269

1,145

South

Broward

Hospital

District,

Florida,

Hospital

Revenue

Bonds,

South

Broward

Hospital

District

Obligated

Group,

Refunding

Series

2016A,

4.000%,

5/01/44

5/26

at

100.00

1,079,756

310

(c)

Three

Rivers

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

South

Assessment

Area

Series

2021B,

4.625%,

5/01/36

5/24

at

100.00

296,906

425

Tradition

Community

Development

District

9,

Port

Saint

Lucie,

Florida,

Special

Assessment

Bonds,

Series

2021,

2.700%,

5/01/31

No

Opt.

Call

375,514

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

170

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Florida

(continued)

$

450

(c)

Village

Community

Development

District

15,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2023,

4.250%,

5/01/28

No

Opt.

Call

$

452,710

220

Windward

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Series

2020A-2,

4.400%,

11/01/35

No

Opt.

Call

213,171

Total

Florida

72,709,028

Georgia

-

1.1%

(0.9%

of

Total

Investments)

Atlanta,

Georgia,

Airport

Passenger

Facilities

Charge

and

General

Revenue

Bonds,

Subordinate

Lien

Green

Series

2023E

:

1,120

5.250%,

7/01/41,

(AMT)

7/33

at

100.00

1,222,125

1,395

5.250%,

7/01/43,

(AMT)

7/33

at

100.00

1,505,158

750

(c)

Fulton

County

Residential

Care

Facilities

for

the

Elderly

Authority,

Georgia,

Revenue

Bonds,

Canterbury

Court

Project,

Series

2019A,

5.000%,

4/01/47

No

Opt.

Call

649,676

500

Gainesville

and

Hall

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

Northeast

Georgia

Health

Services

Inc.,

Series

2021A,

3.000%,

2/15/51

-

BAM

Insured

2/31

at

100.00

370,727

1,000

Griffin-Spalding

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

Wellstar

Health

System

Inc.,

Series

2017A,

4.000%,

4/01/42

4/27

at

100.00

969,131

2,750

(c)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022C,

4.000%,

8/01/52,

(Mandatory

Put

11/01/27)

5/27

at

100.81

2,670,256

Total

Georgia

7,387,073

Idaho

-

0.3%

(0.2%

of

Total

Investments)

Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A

:

645

(e)

4.050%,

1/01/39,

(UB)

1/33

at

100.00

624,949

565

(e)

4.650%,

1/01/54,

(UB)

1/33

at

100.00

554,048

630

(c)

Spring

Valley

Community

Infrastructure

District

1,

Eagle,

Idaho,

Special

Assessment

Bonds,

Series

2024,

6.250%,

9/01/53

3/29

at

103.00

639,303

Total

Idaho

1,818,300

Illinois

-

5.4%

(4.2%

of

Total

Investments)

Chicago

Board

of

Education,

Illinois,

Dedicated

Capital

Improvement

Tax

Revenue

Bonds,

Series

2023

:

1,000

5.250%,

4/01/34

4/33

at

100.00

1,122,527

1,055

5.000%,

4/01/41

4/33

at

100.00

1,112,375

1,275

5.500%,

4/01/43

4/33

at

100.00

1,391,123

2,000

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2021A,

5.000%,

12/01/34

12/30

at

100.00

2,091,423

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2023A

:

4,565

5.000%,

12/01/33

No

Opt.

Call

4,895,143

4,900

5.250%,

12/01/36

12/33

at

100.00

5,228,295

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

:

120

5.000%,

1/01/29

-

BAM

Insured

No

Opt.

Call

127,341

190

5.000%,

1/01/30

-

BAM

Insured

No

Opt.

Call

204,085

2,250

5.000%,

1/01/31

-

BAM

Insured

No

Opt.

Call

2,438,363

1,485

5.000%,

1/01/32

-

BAM

Insured

No

Opt.

Call

1,625,330

Chicago,

Illinois,

OHare

Airport

Customer

Facility

Charge

Revenue

Bonds,

Senior

Lien

Refunding

Series

2023

:

740

5.250%,

1/01/42

-

BAM

Insured

1/33

at

100.00

791,909

820

5.250%,

1/01/43

-

BAM

Insured

1/33

at

100.00

873,844

200

Chicago,

Illinois,

Water

Revenue

Bonds,

Refunding

Second

Lien

Series

2023B,

5.000%,

11/01/37

-

AGM

Insured

5/32

at

100.00

219,612

171

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Illinois

(continued)

$

750

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health/fkaPresence

Health

Network,

Series

2016C,

4.000%,

2/15/41

2/27

at

100.00

$

720,099

240

Illinois

Finance

Authority,

Revenue

Bonds,

Dominican

University,

Refunding

Series

2022,

5.000%,

3/01/34

9/32

at

100.00

241,878

875

Illinois

Finance

Authority,

Revenue

Bonds,

Lutheran

Home

and

Services,

Series

2019A,

5.000%,

11/01/49

11/26

at

103.00

644,418

815

Illinois

Finance

Authority,

Revenue

Bonds,

Northshore

-

Edward-Elmhurst

Health

Credit

Group,

Series

2022A,

5.000%,

8/15/47

8/32

at

100.00

855,088

2,500

Illinois

State,

General

Obligation

Bonds,

December

Series

2023C,

5.000%,

12/01/47

12/33

at

100.00

2,588,694

1,500

Illinois

State,

General

Obligation

Bonds,

May

Series

2014,

5.000%,

5/01/32

5/24

at

100.00

1,501,324

4,710

Illinois

State,

General

Obligation

Bonds,

May

Series

2020,

5.750%,

5/01/45

5/30

at

100.00

5,065,267

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2022A

:

1,800

0.000%,

6/15/39

12/31

at

81.66

895,904

1,500

0.000%,

6/15/40

12/31

at

79.15

702,781

Total

Illinois

35,336,823

Indiana

-

2.6%

(2.0%

of

Total

Investments)

1,415

(c)

Gary

Local

Public

Improvement

Bond

Bank,

Indiana,

Economic

Development

Revenue

Bonds,

Drexel

Foundation

for

Educational

Excellence

Project,

Refunding

Series

2020A,

5.875%,

6/01/55

6/30

at

100.00

1,287,027

1,190

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Depauw

University

Project,

Series

2019,

5.000%,

7/01/37

7/29

at

100.00

1,221,690

3,125

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2020,

6.750%,

5/01/39,

(AMT)

11/30

at

100.00

3,470,893

1,500

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Airport

Authority

Project

Revenue

Bonds,

Refunding

Series

2015I,

5.000%,

1/01/32,

(AMT)

1/25

at

100.00

1,510,253

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Senior

Series

2023E

:

730

5.750%,

3/01/43

3/33

at

100.00

797,952

680

6.000%,

3/01/53

3/33

at

100.00

737,997

4,060

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Subordinate

Series

2023F-1,

7.750%,

3/01/67

3/33

at

100.00

4,311,679

3,770

Whiting,

Indiana,

Environmental

Facilities

Revenue

Bonds,

BP

Products

North

America

Inc.

Project,

Series

2015,

4.400%,

11/01/45,

(AMT),

(Mandatory

Put

6/10/31)

No

Opt.

Call

3,796,082

Total

Indiana

17,133,573

Iowa

-

0.7%

(0.5%

of

Total

Investments)

2,500

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Alcoa

Inc.

Project,

Series

2012,

4.750%,

8/01/42

5/24

at

100.00

2,443,133

1,745

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

5.000%,

12/01/50,

(Mandatory

Put

12/01/42)

12/29

at

103.00

1,811,472

Total

Iowa

4,254,605

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

172

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Kentucky

-

0.8%

(0.6%

of

Total

Investments)

$

2,905

Bell

County,

Kentucky,

Special

Assessment

Industrial

Building

Revenue

Bonds,

Boone's

Ridge

Project,

Series

2020,

6.000%,

12/01/40

12/30

at

100.00

$

2,552,694

2,175

Carroll

County,

Kentucky,

Environmental

Facilities

Revenue

Bonds,

Kentucky

Utilities

Company

Project,

Refunding

Series

2006B,

2.125%,

10/01/34,

(AMT)

6/31

at

100.00

1,679,526

1,000

Newport,

Kentucky,

Special

Obligation

Revenue

Bonds,

Newport

Clifton

Project,

Series

2020B,

5.500%,

12/01/60

12/30

at

100.00

819,354

Total

Kentucky

5,051,574

Louisiana

-

0.9%

(0.7%

of

Total

Investments)

1,150

(c)

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Lincoln

Preparatory

School

Project,

Series

2021A,

5.250%,

6/01/51

6/31

at

100.00

928,257

2,720

Louisiana

Stadium

and

Exposition

District,

Revenue

Bonds,

Senior

Series

2023A,

5.000%,

7/01/43

7/33

at

100.00

2,924,535

2,000

(c)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2010,

6.350%,

7/01/40

6/30

at

100.00

2,162,807

Total

Louisiana

6,015,599

Maryland

-

0.0%

(0.0%

of

Total

Investments)

200

(c)

Baltimore,

Maryland,

Special

Obligation

Bonds,

Harbor

Point

Project,

Refunding

Series

2022,

4.500%,

6/01/33

6/31

at

100.00

198,955

Total

Maryland

198,955

Michigan

-

1.7%

(1.3%

of

Total

Investments)

5,000

Detroit,

Wayne

County,

Michigan,

General

Obligation

Bonds,

Financial

Recovery

Series

2014B-1,

4.000%,

4/01/44

5/24

at

100.00

3,807,203

710

Gerald

R.

Ford

International

Airport

Authority,

Kent

County,

Michigan,

Revenue

Bonds,

Limited

Tax

General

Obligation

Series

2021,

5.000%,

1/01/46,

(AMT)

1/32

at

100.00

743,628

1,135

Great

Lakes

Water

Authority,

Michigan,

Sewer

Disposal

System

Revenue

Bonds,

Senior

Lien

Series

2023C,

5.250%,

7/01/48

1/34

at

100.00

1,253,432

3,480

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Senior

Lien

Series

2023B,

5.250%,

7/01/53

1/34

at

100.00

3,789,976

1,070

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Series

2023B,

5.250%,

12/01/37

-

AGM

Insured,

(AMT)

12/33

at

100.00

1,194,174

Total

Michigan

10,788,413

Minnesota

-

1.3%

(1.0%

of

Total

Investments)

3,620

Minnesota

Agricultural

and

Economic

Development

Board,

Health

Care

Facilities

Revenue

Bonds,

Essentia

Health

Obligated

Group,

Series

2024A,

5.250%,

1/01/54

1/34

at

100.00

3,855,235

3,745

(c)

Saint

Paul

Housing

&

Redevelopment

Authority,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Community

School

of

Excellence,

Series

2023,

5.500%,

3/01/53

3/33

at

100.00

3,578,147

1,140

Saint

Paul

Housing

&

Redevelopment

Authority,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Hope

Community

Academy

Project,

Series

2020A,

5.000%,

12/01/55

12/28

at

102.00

833,312

Total

Minnesota

8,266,694

Mississippi

-

0.5%

(0.4%

of

Total

Investments)

Warren

County,

Mississippi,

Certificates

of

Participation,

Lease

Purchase

Jail

Project

Series

2023

:

1,190

(e)

6.000%,

9/01/48,

(UB)

9/33

at

100.00

1,346,945

173

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Mississippi

(continued)

$

1,580

(e)

6.000%,

9/01/53,

(UB)

9/33

at

100.00

$

1,766,198

Total

Mississippi

3,113,143

Missouri

-

1.0%

(0.8%

of

Total

Investments)

3,000

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Mercy

Health,

Series

2014F,

4.000%,

11/15/45

11/24

at

100.00

2,834,262

Saint

Louis

Municipal

Finance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Convention

Center,

Expansion

&

Improvement

Projects

Series

2020

:

1,000

5.000%,

10/01/40

-

AGM

Insured

10/30

at

100.00

1,057,890

2,625

5.000%,

10/01/45

-

AGM

Insured

10/30

at

100.00

2,729,281

Total

Missouri

6,621,433

Montana

-

0.3%

(0.2%

of

Total

Investments)

1,975

Forsyth,

Rosebud

County,

Montana,

Pollution

Control

Revenue

Refunding

Bonds,

Northwestern

Corporation

Colstrip

Project,

Series

2023,

3.875%,

7/01/28

4/28

at

100.00

1,986,330

Total

Montana

1,986,330

Nebraska

-

2.1%

(1.6%

of

Total

Investments)

3,750

Central

Plains

Energy

Project,

Nebraska,

Gas

Project

Revenue

Bonds,

Project

5,

Series

2022-1,

5.000%,

5/01/53,

(Mandatory

Put

10/01/29)

7/29

at

100.22

3,915,210

4,665

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2024C,

4.700%,

9/01/49,

(UB),

(WI/DD)

3/33

at

100.00

4,902,909

2,125

Omaha

Public

Power

District,

Nebraska,

Electric

System

Revenue

Bonds,

Series

2023A,

5.250%,

2/01/53

2/33

at

100.00

2,300,130

2,500

Omaha

Public

Power

District,

Nebraska,

Electric

System

Revenue

Bonds,

Series

2023B,

5.250%,

2/01/53

2/33

at

100.00

2,706,036

Total

Nebraska

13,824,285

Nevada

-

0.1%

(0.1%

of

Total

Investments)

2,000

(c),(d)

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

BioFuels

LLC

Project,

Green

Series

2020,

6.750%,

2/15/38

2/31

at

100.00

200,000

440

Las

Vegas,

Nevada,

Local

Improvement

Bonds,

Special

Improvement

District

611

Sunstone

Phase

I

and

II,

Series

2020,

4.000%,

6/01/40

6/30

at

100.00

377,519

Total

Nevada

577,519

New

Hampshire

-

0.7%

(0.5%

of

Total

Investments)

1,250

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Catholic

Medical

Center,

Series

2017,

3.750%,

7/01/40

7/27

at

100.00

980,199

4,000

(c)

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Covenant

Health

Group

Series

2023,

4.000%,

7/01/37

1/33

at

100.00

3,547,625

Total

New

Hampshire

4,527,824

New

Jersey

-

0.3%

(0.3%

of

Total

Investments)

1,580

(c)

New

Jersey

Economic

Development

Authority,

Energy

Facilities

Revenue

Bonds,

UMM

Energy

Partners,

LLC

Project,

Series

2012A,

7.000%,

6/15/30

5/24

at

100.00

1,550,651

750

New

Jersey

Economic

Development

Authority,

Revenue

Bonds,

Motor

Vehicle

Surcharge,

Refunding

Subordinate

Series

2017A,

3.375%,

7/01/30

7/27

at

100.00

714,370

Total

New

Jersey

2,265,021

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

174

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

Mexico

-

1.0%

(0.8%

of

Total

Investments)

$

7,000

(c)

Winrock

Town

Center

Tax

Increment

Development

District

1,

Albuquerque,

New

Mexico,

Gross

Receipts

Tax

Increment

Bonds,

Subordinate

Lien

Series

2020,

8.000%,

5/01/40

5/24

at

103.00

$

6,585,337

Total

New

Mexico

6,585,337

New

York

-

20.0%

(15.2%

of

Total

Investments)

1,240

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Albert

Einstein

College

of

Medicine,

Inc,

Series

2023,

7.250%,

6/01/55

12/30

at

100.00

1,314,193

5,000

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020A-1,

5.500%,

6/01/55

12/30

at

100.00

4,469,571

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020C-1

:

1,310

(c)

5.000%,

6/01/40

12/30

at

100.00

1,216,828

3,000

(c)

5.000%,

6/01/55

12/30

at

100.00

2,477,858

10,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Catholic

Health

System

Obligated

Group

Series

2019A,

4.000%,

7/01/45

7/29

at

100.00

7,256,320

Dormitory

Authority

of

the

State

of

New

York,

State

Personal

Income

Tax

Revenue

Bonds,

General

Purpose

Series

2024A

:

370

5.000%,

3/15/39

3/34

at

100.00

415,692

1,250

5.000%,

3/15/41

3/34

at

100.00

1,385,647

1,250

5.000%,

3/15/42

3/34

at

100.00

1,378,723

2,525

5.000%,

3/15/43

3/34

at

100.00

2,771,876

1,610

5.000%,

3/15/44

3/34

at

100.00

1,761,804

Dutchess

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Health

Quest

Systems,

Inc.

Project,

Series

2016B

:

7,630

5.000%,

7/01/32

7/26

at

100.00

7,725,911

1,095

5.000%,

7/01/35

7/26

at

100.00

1,107,501

750

Glen

Cove

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Garvies

Point

Public

Improvement

Project,

Capital

Appreciation

Series

2016C,

5.625%,

1/01/55

1/34

at

100.00

641,892

2,500

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Series

2014B,

5.250%,

11/15/36

6/24

at

100.00

2,504,225

10,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Series

2014D-1,

5.250%,

11/15/44

11/24

at

100.00

10,084,607

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Development

Series

2024A-1

:

1,000

(e)

4.650%,

11/01/49,

(UB)

5/32

at

100.00

985,017

1,720

(e)

4.750%,

11/01/54,

(UB)

5/32

at

100.00

1,719,253

975

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2024

Series

BB-1,

5.250%,

6/15/54

12/33

at

100.00

1,062,338

585

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2024

Series

BB-2,

5.000%,

6/15/44

12/33

at

100.00

638,511

11,790

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2024

Series

CC-1,

5.250%,

6/15/54

6/34

at

100.00

12,890,536

2,785

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2018

Series

A-3,

5.000%,

8/01/41

8/27

at

100.00

2,887,898

840

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2023F-1,

5.250%,

2/01/40

2/33

at

100.00

945,398

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Series

2024F-1

:

1,335

5.000%,

2/01/46

2/34

at

100.00

1,442,027

175

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

New

York

(continued)

$

2,000

5.000%,

2/01/47

2/34

at

100.00

$

2,150,999

1,180

5.000%,

2/01/48

2/34

at

100.00

1,264,508

2,575

5.000%,

2/01/49

2/34

at

100.00

2,750,549

2,600

5.250%,

2/01/53

2/34

at

100.00

2,815,823

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2024

Series

C

:

1,560

5.250%,

3/01/47

3/34

at

100.00

1,712,625

1,300

5.250%,

3/01/53

3/34

at

100.00

1,409,759

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2024

Series

D

:

2,745

5.500%,

4/01/46

4/34

at

100.00

3,096,418

1,830

5.250%,

4/01/47

4/34

at

100.00

2,010,318

2,380

5.250%,

4/01/54

4/34

at

100.00

2,578,353

700

New

York

State

Environmental

Facilities

Corporation,

State

Clean

Water

and

Drinking

Water

Revolving

Funds

Revenue

Bonds,

New

York

City

Municipal

Water

Finance

Authority

Projects-Second

Resolution

Bonds,

Subordinated

SRF

Series

2024A,

5.250%,

6/15/44

6/34

at

100.00

790,075

2,500

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

5.000%,

7/01/41,

(AMT)

7/24

at

100.00

2,460,696

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Series

2020

:

10,240

5.250%,

8/01/31,

(AMT)

8/30

at

100.00

10,750,137

3,400

5.375%,

8/01/36,

(AMT)

8/30

at

100.00

3,579,808

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

New

Terminal

1

John

F

Kennedy

International

Airport

Project,

Green

Series

2023

:

395

5.500%,

6/30/39,

(AMT)

6/31

at

100.00

433,662

165

5.500%,

6/30/40,

(AMT)

6/31

at

100.00

180,171

215

5.500%,

6/30/43

-

AGM

Insured,

(AMT)

6/31

at

100.00

233,336

240

5.500%,

6/30/44

-

AGM

Insured,

(AMT)

6/31

at

100.00

259,688

845

6.000%,

6/30/54,

(AMT)

6/31

at

100.00

926,544

1,590

5.125%,

6/30/60

-

AGM

Insured,

(AMT)

6/31

at

100.00

1,644,021

3,315

5.375%,

6/30/60,

(AMT)

6/31

at

100.00

3,463,350

3,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2020,

5.000%,

10/01/40,

(AMT)

10/30

at

100.00

3,099,528

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2023

:

1,600

6.000%,

4/01/35,

(AMT)

4/31

at

100.00

1,814,240

2,805

5.625%,

4/01/40,

(AMT)

4/31

at

100.00

3,050,161

460

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Forty

Second

Series

2023,

5.000%,

12/01/41,

(AMT)

12/33

at

100.00

490,323

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Thirty-Eighth

Series

2023

:

565

5.000%,

7/15/35,

(AMT)

7/33

at

100.00

624,061

1,000

5.000%,

7/15/38,

(AMT)

7/33

at

100.00

1,077,358

3,300

(c)

Syracuse

Industrial

Development

Authority,

New

York,

PILOT

Revenue

Bonds,

Carousel

Center

Project,

Taxable

Series

2007B,

5.693%,

1/01/28

-

SYNCORA

GTY

Insured

No

Opt.

Call

3,023,583

2,725

Triborough

Bridge

and

Tunnel

Authority,

New

York,

Sales

Tax

Revenue

Bonds,

MTA

Bridges

&

Tunnels,

TBTA

Capital

Lockbox-City

Sales

Tax,

Series

2024A-1,

5.000%,

5/15/54

5/34

at

100.00

2,901,427

Total

New

York

129,675,147

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

176

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

North

Carolina

-

0.2%

(0.1%

of

Total

Investments)

Greater

Asheville

Regional

Airport

Authority,

North

Carolina,

Airport

System

Revenue

Bonds,

Series

2023

:

$

335

5.250%,

7/01/41

-

AGM

Insured,

(AMT)

7/33

at

100.00

$

364,209

340

5.250%,

7/01/43

-

AGM

Insured,

(AMT)

7/33

at

100.00

366,580

370

North

Carolina

Medical

Care

Commission,

Retirement

Facilities

First

Mortgage

Revenue

Bonds,

The

Forest

at

Duke,

Inc.,

Series

2021,

4.000%,

9/01/46

9/28

at

103.00

299,931

Total

North

Carolina

1,030,720

Ohio

-

1.1%

(0.8%

of

Total

Investments)

1,995

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020B-2

Class

2,

5.000%,

6/01/55

6/30

at

100.00

1,808,710

3,450

(c)

Jefferson

County

Port

Authority,

Ohio,

Economic

Development

Revenue

Bonds,

JSW

Steel

USA

Ohio,

Inc.

Project,

Series

2023,

5.000%,

12/01/53,

(AMT),

(Mandatory

Put

12/01/28)

9/28

at

100.00

3,485,890

1,000

Ohio

Air

Quality

Development

Authority,

Ohio,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Generation

Corporation

Project,

Refunding

Series

2009D,

3.375%,

8/01/29

No

Opt.

Call

941,632

625

(e)

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024A,

4.650%,

9/01/54,

(UB)

9/33

at

100.00

617,702

Total

Ohio

6,853,934

Pennsylvania

-

4.0%

(3.0%

of

Total

Investments)

Allegheny

County

Airport

Authority,

Pennsylvania,

Airport

Revenue

Bonds,

Pittsburgh

International

Airport,

Series

2023A

:

700

5.250%,

1/01/39

-

AGM

Insured,

(AMT)

1/33

at

100.00

764,660

700

5.500%,

1/01/43

-

AGM

Insured,

(AMT)

1/33

at

100.00

767,499

1,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

University

of

Pittsburgh

Medical

Center,

Series

2019A,

4.000%,

7/15/37

7/29

at

100.00

1,007,569

900

(c)

Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

615

Waterfront

Project,

Senior

Series

2021,

6.000%,

5/01/42

5/31

at

100.00

931,009

3,000

(c)

Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

City

Center

Refunding

Project,

Series

2017,

5.000%,

5/01/42

5/27

at

100.00

2,960,732

1,625

(c)

Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

Neuweiler

Lofts

Project,

Series

2023,

6.250%,

5/01/42

5/33

at

100.00

1,590,329

500

Beaver

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Refunding

Bonds,

FirstEnergy

Generation

Project,

Series

2008B,

3.750%,

10/01/47

4/31

at

100.00

395,017

1,000

(c)

Dauphin

County

General

Authority,

Pennsylvania,

Revenue

Bonds,

Harrisburg

University

of

Science

&

Technology

Project,

Series

2017,

5.125%,

10/15/41

10/27

at

100.00

769,287

2,000

(c)

Dauphin

County

General

Authority,

Pennsylvania,

Revenue

Bonds,

Harrisburg

University

of

Science

&

Technology

Project,

Series

2020,

6.250%,

10/15/53

10/28

at

100.00

1,609,581

9,000

Geisinger

Authority,

Montour

County,

Pennsylvania,

Health

System

Revenue

Bonds,

Geisinger

Health

System,

Series

2017A-2,

5.000%,

2/15/39

2/27

at

100.00

9,216,733

177

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Pennsylvania

(continued)

$

1,300

(d),(f)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2021A,

10.000%,

12/01/31

No

Opt.

Call

$

130

2,960

Pennsylvania

Economic

Development

Financing

Authority,

Parking

System

Revenue

Bonds,

Capitol

Region

Parking

System,

Junior

Guaranteed

Series

2013B,

0.000%,

1/01/45

-

BAM

Insured

No

Opt.

Call

1,140,905

2,040

Pennsylvania

Economic

Development

Financing

Authority,

Revenue

Bonds,

University

of

Pittsburgh

Medical

Center,

Series

2017A,

4.000%,

11/15/42

11/27

at

100.00

1,956,116

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024-144A

:

340

(e)

4.450%,

10/01/44,

(UB)

10/32

at

100.00

340,166

1,850

(e)

4.600%,

10/01/49,

(UB)

10/32

at

100.00

1,835,682

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2022B

:

30

5.250%,

12/01/41

12/32

at

100.00

33,730

485

5.250%,

12/01/42

12/32

at

100.00

540,463

Total

Pennsylvania

25,859,608

Puerto

Rico

-

4.9%

(3.8%

of

Total

Investments)

409

HTA

Claas

6,

Puerto

Rico

Highway

and

Transportation

Authority

Highway

Revenue

Bonds,

Series

2022,

5.250%,

7/01/38

5/24

at

100.00

409,395

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021B

:

3,500

(c)

5.000%,

7/01/37

7/31

at

100.00

3,658,361

6,500

(c)

4.000%,

7/01/42

7/31

at

100.00

6,068,547

8,000

(d)

Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2010XX,

5.250%,

7/01/40

5/24

at

100.00

1,812,772

2,150

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1,

4.550%,

7/01/40

7/28

at

100.00

2,153,111

12,257

Puerto

Rico,

GDB

Debt

Recovery

Authority

Commonwealth

Bonds,

Taxable

Series

2018,

7.500%,

8/20/40

No

Opt.

Call

11,827,469

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

:

1,030

0.000%,

7/01/33

7/31

at

89.94

675,487

0

(g)

4.000%,

7/01/35

7/31

at

103.00

62

1,117

4.000%,

7/01/37

7/31

at

103.00

1,070,642

839

4.000%,

7/01/41

7/31

at

103.00

780,682

6,061

Puerto

Rico,

General

Obligation

Bonds,

Vintage

CW

NT

Claims

Taxable

Series

2022,

0.000%,

11/01/43

No

Opt.

Call

3,613,946

Total

Puerto

Rico

32,070,474

South

Carolina

-

0.3%

(0.2%

of

Total

Investments)

1,000

South

Carolina

Jobs-Economic

Development

Authority,

Educational

Facilities

Revenue

Bonds,

Columbia

College,

Refunding

Series

2020A,

5.625%,

10/01/40

10/27

at

103.00

955,101

1,000

(c)

South

Carolina

Jobs-Economic

Development

Authority,

Educational

Facilities

Revenue

Bonds,

Horse

Creek

Academy

Project,

Series

2021A,

5.000%,

11/15/55

11/26

at

100.00

880,855

Total

South

Carolina

1,835,956

Tennessee

-

1.9%

(1.4%

of

Total

Investments)

Metropolitan

Government

of

Nashville

and

Davidson

County

Sports

Authority,

Tennessee,

Revenue

Bonds,

Stadium

Project,

Subordinate

Senior

Series

2023A

:

1,895

5.000%,

7/01/40

-

AGM

Insured

1/34

at

100.00

2,067,905

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

178

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Tennessee

(continued)

$

1,345

5.000%,

7/01/41

-

AGM

Insured

1/34

at

100.00

$

1,458,782

1,650

5.000%,

7/01/42

-

AGM

Insured

1/34

at

100.00

1,780,824

650

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Belmont

University,

Series

2023,

5.000%,

5/01/40

5/33

at

100.00

695,192

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Vanderbilt

University,

Series

2023A

:

2,705

5.000%,

7/01/28

No

Opt.

Call

2,869,750

2,905

5.000%,

7/01/33

No

Opt.

Call

3,270,626

Total

Tennessee

12,143,079

Texas

-

8.0%

(6.1%

of

Total

Investments)

500

(c)

Abilene

Convention

Center

Hotel

Development

Corporation,

Texas,

Hotel

Revenue

Bonds,

Second-Lien

Series

2021B,

5.000%,

10/01/50

10/31

at

100.00

427,588

225

(c)

City

of

Midlothian,

Texas,

Westside

Preserve

Public

Improvement

District

Improvement

Area

#1

Project,

Special

Assessment

Revenue

Bonds,

Series

2022,

4.750%,

9/15/32

No

Opt.

Call

220,014

Dallas

Fort

Worth

International

Airport,

Texas,

Joint

Revenue

Bonds,

Refunding

Series

2023C

:

330

5.000%,

11/01/27,

(AMT)

No

Opt.

Call

343,940

1,480

5.000%,

11/01/28,

(AMT)

No

Opt.

Call

1,557,487

4,160

5.000%,

11/01/29,

(AMT)

No

Opt.

Call

4,433,161

4,605

Dallas,

Texas,

General

Obligation

Bonds,

Refunding

and

Improvement

Series

2023A,

5.000%,

2/15/42

2/33

at

100.00

5,014,595

1,280

Fort

Bend

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

NRG

Energy

Inc.

Project,

Series

2012B,

4.750%,

11/01/42

5/24

at

100.00

1,271,910

570

Galveston,

Texas,

Wharves

and

Terminal

First

Lien

Revenue

Bonds,

Series

2023,

6.000%,

8/01/43,

(AMT)

2/33

at

100.00

628,528

1,000

Harris

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

Energy

Transfer

LP

Project,

Marine

Terminal

Refunding

Series

2023,

4.050%,

11/01/50,

(Mandatory

Put

6/01/33)

3/33

at

100.00

990,876

Houston,

Texas,

Airport

System

Revenue

Bonds,

Refunding

Subordinate

Lien

Series

2023A

:

3,025

5.000%,

7/01/32

-

AGM

Insured,

(AMT)

No

Opt.

Call

3,337,460

3,230

5.000%,

7/01/33

-

AGM

Insured,

(AMT)

No

Opt.

Call

3,582,801

2,865

5.000%,

7/01/34

-

AGM

Insured,

(AMT)

7/33

at

100.00

3,187,632

1,250

5.250%,

7/01/42

-

AGM

Insured,

(AMT)

7/33

at

100.00

1,354,656

1,715

5.250%,

7/01/43

-

AGM

Insured,

(AMT)

7/33

at

100.00

1,850,428

5,610

Love

Field

Airport

Modernization

Corporation,

Texas,

General

Airport

Revenue

Bonds,

Refunding

Series

2021,

4.000%,

11/01/38

-

AGM

Insured,

(AMT)

11/31

at

100.00

5,543,351

500

(c)

Marble

Falls,

Burnet

County,

Texas,

Special

Assessment

Revenue

Bonds,

Thunder

Rock

Public

Improvement

District

Improvement

Area

1

Project,

Series

2021,

4.125%,

9/01/41

9/31

at

100.00

435,969

1,500

Matagorda

County

Navigation

District

1,

Texas,

Pollution

Control

Revenue

Bonds,

AEP

Texas

Central

Company

Project,

Remarketing,

Series

2008-1,

4.000%,

6/01/30

5/24

at

100.00

1,480,165

625

(c)

McLendon-Chisholm,

Texas,

Special

Assessment

Revenue

Bonds,

Sonoma

Public

Improvement  District

Improvement

Area

3

Project,

Series

2021,

3.625%,

9/15/41

9/31

at

100.00

482,820

500

(c)

Mesquite,

Texas,

Special

Assessment

Revenue

Bonds,

Solterra

Public

Improvement

District

Improvement

Area

A-1

Projects,

Series

2023,

5.500%,

9/01/43

9/33

at

100.00

488,390

179

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Texas

(continued)

$

4,175

(c)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Southwest

Preparatory

School,

Series

2020A,

5.000%,

8/15/50

8/25

at

103.00

$

3,572,054

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Senior

Living

Revenue

Bonds,

Sanctuary

LTC

LLC

Project,

Series

2021A-1

:

2,865

5.250%,

1/01/42

1/28

at

103.00

2,502,663

1,025

5.500%,

1/01/57

1/28

at

103.00

850,998

3,500

(c)

Port

Beaumont

Industrial

Development

Authority,

Texas,

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2021B,

4.100%,

1/01/28

5/24

at

102.05

2,965,014

2,000

(c)

Sachse,

Texas,

Special

Assessment

Bonds,

Sachse

Public

Improvement

District

1

Major

Improvement

Area

Project,

Series

2020,

5.375%,

9/15/40

9/30

at

100.00

1,928,106

450

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Hendrick

Medical

Center,

Taxable

Series

2021,

3.292%,

9/01/40

-

AGM

Insured

9/30

at

100.00

339,829

Texas

Private

Activity

Bond

Surface

Transpiration

Corporation,

Senior

Lien

Revenue

Bonds,

NTE

Mobility

Partners

Segments

3

LLC

Refunding

Series

2023

:

475

5.375%,

6/30/38,

(AMT)

6/28

at

103.00

507,874

465

5.500%,

6/30/41,

(AMT)

6/28

at

103.00

494,924

1,500

Texas

Private

Activity

Bond

Surface

Transporation

Corporation,

Senior

Lien

Revenue

Bonds,

Blueridge

Transportation

Group,

LLC

SH

288

Toll

Lanes

Project,

Series

2016,

5.000%,

12/31/50,

(AMT)

12/25

at

100.00

1,502,237

650

Texas

Water

Development

Board,

State

Water

Implementation

Revenue

Fund

Bonds,

Master

Trust

Series

2021,

4.000%,

10/15/51

10/31

at

100.00

608,621

Total

Texas

51,904,091

Utah

-

0.9%

(0.7%

of

Total

Investments)

500

(c)

Red

Bridge

Public

Infrastructure

District

1,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2021A,

4.125%,

2/01/41

2/26

at

103.00

377,277

645

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

5.250%,

7/01/43,

(AMT)

7/33

at

100.00

693,900

970

(c)

Utah

Charter

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Paradigm

High

School

Project,

Series

2020A,

5.125%,

7/15/51

1/25

at

102.00

824,688

1,185

(e)

Utah

Housing

Corporation,

Single

Family

Mortgage

Bonds,

Series

2024C,

4.650%,

1/01/49,

(UB)

1/33

at

100.00

1,184,587

2,540

(c)

Wohali

Public

Infrastructure

District

1,

Utah,

Special

Assessment

Revenue

Bonds,

Assessment

Area

1

Series

2023,

7.000%,

12/01/42

9/28

at

103.00

2,509,378

Total

Utah

5,589,830

Virgin

Islands

-

0.5%

(0.4%

of

Total

Investments)

2,365

Matching

Fund

Special

Purpose

Securitization

Corporation,

Virgin

Islands,

Revenue

Bonds,

Series

2022A,

5.000%,

10/01/32

No

Opt.

Call

2,541,409

1,000

(c)

West

Indian

Company

Limited,

Virgin

Islands,

Port

Facilities

Revenue

Bonds,

WICO

Financing,

Series

2022A,

6.125%,

10/01/42

10/29

at

104.00

954,836

Total

Virgin

Islands

3,496,245

Virginia

-

1.0%

(0.8%

of

Total

Investments)

1,640

(c)

Cherry

Hill

Community

Development

Authority,

Virginia,

Special

Assesment

Bonds,

Potomac

Shores

Project,

Series

2015,

5.400%,

3/01/45

3/25

at

100.00

1,643,563

3,580

Roanoke

Economic

Development

Authority,

Virginia,

Hospital

Revenue

Bonds,

Carilion

Clinic

Obligated

Group,

Series

2020D,

5.000%,

7/01/53,

(Mandatory

Put

7/01/30)

1/30

at

100.00

3,828,329

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

180

NDMO

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Virginia

(continued)

$

990

(c)

Virginia

Small

Business

Financing

Authority,

Tourism

Development

Financing

Program

Revenue

Bonds,

Virginia

Beach

Oceanfront

South

Hotel

Project,

Senior

Series

2020A-1,

8.000%,

10/01/43

10/30

at

120.40

$

994,547

Total

Virginia

6,466,439

Washington

-

1.3%

(1.0%

of

Total

Investments)

1,770

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Health

&

Services,

Series

2014D,

5.000%,

10/01/41

10/24

at

100.00

1,682,821

1,915

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Saint

Joseph

Health,

Refunding

Series

2021B,

4.000%,

10/01/42,

(Mandatory

Put

10/01/30)

No

Opt.

Call

1,882,283

5,667

Washington

State

Housing

Finance

Commission,

Social

Municipal

Certificates

Multifamily

Revenue

Bonds,

Series

2023-1

Class

A,

3.375%,

4/20/37

No

Opt.

Call

4,982,700

Total

Washington

8,547,804

West

Virginia

-

0.8%

(0.6%

of

Total

Investments)

200

(c)

Monongalia

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

University

Town

Centre

Economic

Opportunity

Development

District,

Subordinate

Improvement

Series

2023A,

7.000%,

6/01/43

6/30

at

103.00

210,599

3,770

(c)

West

Virginia

Economic

Development

Authority,

Dock

and

Wharf

Facilities

Revenue

Bonds,

Empire

Trimodal

Terminal,

LLC

Project,

Series

2020,

7.625%,

12/01/40

12/27

at

103.00

3,077,726

1,000

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Arch

Resources

Project,

Series

2021,

4.125%,

7/01/45,

(AMT),

(Mandatory

Put

7/01/25)

1/25

at

100.00

995,072

1,035

West

Virginia

Hospital

Finance

Authority,

Revenue

Bonds,

West

Virginia

University

Health

System,

Improvement

Series

2023A,

5.000%,

6/01/41

6/33

at

100.00

1,100,724

Total

West

Virginia

5,384,121

Wisconsin

-

4.8%

(3.6%

of

Total

Investments)

3,000

(c)

Gillett,

Wisconsin,

Solid

Waste

Disposal

Revenue

Bonds,

WI

RNG

Hub

North

LLC

Renewable

Natural

Gas

Production

Plant

Project,

Series

2021A,

5.500%,

12/01/32

12/26

at

100.00

2,553,841

6,350

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Freedom

Classical

Academy

Inc.,

Series

2020A,

5.000%,

1/01/56

1/28

at

100.00

5,398,647

200

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Shining

Rock

Classical

Academy,

Series

2022A,

6.125%,

6/15/57

6/29

at

101.00

190,091

1,000

(c)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

The

Capitol

Encore

Academy,

Series

2021A,

5.000%,

6/01/56

6/28

at

100.00

832,495

1,000

(c)

Public

Finance

Authority

of

Wisconsin,

Educational

Facility

Revenue

Bonds,

LEAD

Academy

Project,

Series

2021,

5.000%,

8/01/51

8/28

at

100.00

826,014

2,000

Public

Finance

Authority

of

Wisconsin,

Hotel

Revenue

Bonds,

Grand

Hyatt

San

Antonio

Hotel

Acquisition

Project,

Senior

Lien

Series

2022A,

5.000%,

2/01/52

2/32

at

100.00

1,960,860

Public

Finance

Authority

of

Wisconsin,

Hotel

Revenue

Bonds,

Grand

Hyatt

San

Antonio

Hotel

Acquisition

Project,

Subordinate

Lien

Series

2022B

:

1,670

(c)

5.625%,

2/01/46

2/32

at

100.00

1,673,680

2,000

(c)

6.000%,

2/01/62

2/32

at

100.00

2,021,677

5,000

(c)

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

PILOT

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017,

7.000%,

12/01/50

12/27

at

100.00

4,838,858

3,000

(c)

Public

Finance

Authority

of

Wisconsin,

Multifamily

Housing

Revenue

Bonds,

Promenade

Apartments

Project,

Series

2024,

6.250%,

2/01/39

2/29

at

103.00

3,056,683

181

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

Wisconsin

(continued)

$

1,000

Public

Finance

Authority

of

Wisconsin,

Pollution

Control

Revenue

Bonds,

Duke

Energy

Progress

Project,

Refunding

Series

2022B,

4.000%,

10/01/46,

(Mandatory

Put

10/01/30)

No

Opt.

Call

$

995,656

1,025

(c)

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Revolution

Academy,

Refunding

Series

2023A,

6.250%,

10/01/58

10/31

at

100.00

1,033,992

2,000

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Sky

Harbour

LLC

Obligated

Group

Aviation

Facilities

Project,

Series

2021,

4.000%,

7/01/41,

(AMT)

7/31

at

100.00

1,599,076

1,000

(c)

Public

Finance

Authority

of

Wisconsin,

Tax

Increment

Revenue

Senior

Bonds,

Miami

World

Center

Project,

Series

2024A,

5.000%,

6/01/41

6/29

at

103.00

996,524

500

(c)

Public

Finance

Authority

of

Wisconsin,

Tax

Increment

Revenue

Subordinate

Bonds,

Miami

World

Center

Project,

Series

2024B,

8.000%,

6/15/42

6/29

at

103.00

491,478

100

(d),(f)

Public

Finance

Authority

of

Wisconsin,

Wisconsin

Revenue

Note,

KDC

Agribusiness

LLC

Project,

Series

2022B,

15.000%,

3/31/24

4/23

at

105.00

10

2,500

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Froedtert

Health,

Inc.

Obligated

Group,

Series

2017A,

4.000%,

4/01/39

4/27

at

100.00

2,468,936

Total

Wisconsin

30,938,518

Total

Municipal

Bonds

(cost

$838,311,461)

803,145,780

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X

–

U.S.

GOVERNMENT

AND

AGENCY

OBLIGATIONS

-

4.5%

(3.5%

of

Total

Investments)

X

29,610,938

$

10,000

United

States

Treasury

Note/Bond

4.750%

11/15/53

$

9,948,438

10,000

United

States

Treasury

Note/Bond

4.500%

11/15/33

9,853,125

10,000

United

States

Treasury

Note/Bond

4.750%

11/15/43

9,809,375

Total

U.S.

Government

and

Agency

Obligations

(cost

$31,331,166)

29,610,938

Principal

Amount

(000)

Description

(a)

Coupon

Maturity

Value

X

–

CORPORATE

BONDS

-

1.9%

(1.4%

of

Total

Investments)

X

12,128,101

Consumer

Services

-

0.4%

(0.3%

of

Total

Investments)

$

2,500

Grand

Canyon

University

4.125%

10/01/24

$

2,448,725

Total

Consumer

Services

2,448,725

Health

Care

Equipment

&

Services

-

1.4%

(1.1%

of

Total

Investments)

2,750

Care

New

England

Health

System

5.500%

9/01/26

2,717,468

4,363

Toledo

Hospital/The

5.325%

11/15/28

4,086,778

3,000

Toledo

Hospital/The

6.015%

11/15/48

2,405,430

Total

Health

Care

Equipment

&

Services

9,209,676

Real

Estate

Management

&

Development

-

0.1%

(0.0%

of

Total

Investments)

490

(c),(f)

Benloch

Ranch

Improvement

Association

No

12022

2022

9.750%

12/01/39

469,700

Total

Real

Estate

Management

&

Development

469,700

Total

Corporate

Bonds

(cost

$11,207,443)

12,128,101

Nuveen

Dynamic

Municipal

Opportunities

Fund

(continued)

Portfolio

of

Investments

April

30,

2024

(Unaudited)

182

NDMO

Shares

Description

(a)

Value

X

–

COMMON

STOCKS

-

0.1%

(0.1%

of

Total

Investments)

X

432,267

Utilities

-

0.1%

(0.1%

of

Total

Investments)

4,370

(h),(i)

Talen

Energy

Supply

LLC

$

432,267

Total

Utilities

432,267

Total

Common

Stocks

(cost

$139,840)

432,267

Principal

Amount

(000)

Description

(a)

Coupon

(j)

Reference

Rate

(j)

Spread

(j)

Maturity

(k)

Value

–

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

0.0%

(0.0%

of

Total

Investments)

(j)

X

16,496

Capital

Goods

-

0.0%

(0.0%

of

Total

Investments)

$

129

(d),(f),(l)

KDC

Agribusiness

Fairless

Hills

LLC

12.000%

N/A

N/A

9/17/24

$

16,496

Total

Capital

Goods

16,496

Total

Variable

Rate

Senior

Loan

Interests

(cost

$128,676)

16,496

Total

Long-Term

Investments

(cost

$881,118,586)

845,333,582

Principal

Amount

(000)

Description

(a)

Optional

Call

Provisions

(b)

Value

SHORT-TERM

INVESTMENTS

-

0.8% (0.6%

of

Total

Investments)

X

–

MUNICIPAL

BONDS

-

0.8%

(0.6%

of

Total

Investments)

X

5,000,000

National

-

0.8%

(0.6%

of

Total

Investments)

$

3,000

(c),(m)

Invesco

Municipal

Opportunity

Trust

Variable

Rate

Munifund

Term

Preferred

Shares

Series

2015/6VMO.

JP

MORGAN

CHASE

PUTTERS

/

DRIVERS

TR

VAR

STS

CTFS

5029.Ticker

Symbol

-

VMO,

4.200%,

10/09/24,

(AMT),

(Mandatory

Put

5/7

/2024)

No

Opt.

Call

$

3,000,000

2,000

(c),(m)

Invesco

Value

Municipla

Income

Trust

Variable

Rate

Munifund

Term

Preferred

Shares

Series

2015/6

IIM.

JP

MORGAN

CHASE

PUTTERS

/

DRIVERS

TR

VAR

STS

CTFS

5028.

Ticker

Symbol

-

VGM,

4.200%,

10/09/24,

(AMT),

(Mandatory

Put

5/7/2024)

No

Opt.

Call

2,000,000

Total

National

5,000,000

Total

Municipal

Bonds

(cost

$5,000,000)

5,000,000

Total

Short-Term

Investments

(cost

$5,000,000)

5,000,000

Total

Investments

(cost

$886,118,586

)

-

131.1%

850,333,582

Floating

Rate

Obligations

-

(2.6)%

(16,935,000)

MFP

Shares,

Net

-

(36.9)%(n)

(239,633,946)

Other

Assets

&

Liabilities,

Net

-   8.4%

54,985,002

Net

Assets

Applicable

to

Common

Shares

-

100%

$

648,749,638

(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)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$247,747,269

or

29.1%

of

Total

Investments.

(d)

Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(e)

Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

inverse

floating

rate

transactions.

(f)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

(g)

Principal

Amount

(000)

rounds

to

less

than

$1,000.

(h)

In

May

2023,

Talen

Energy

completed

a

Chapter

11

plan

of

reorganization

whereby

the

Fund

received

Talen

Energy

Common

Stock

in

exchange

for

the

following

portfolio

holding:

Talen

Energy

Supply

LLC,

6.000%,

12/15/36,

Senior

Note.

(i)

Non-income

producing;

issuer

has

not

declared

an

ex-dividend

date

within

the

past

twelve

months.

183

(j)

Senior

loans

generally

pay

interest

at

rates

which

are

periodically

adjusted

by

reference

to

a

base

short-term,

floating

lending

rate

(Reference

Rate)

plus

an

assigned

fixed

rate

(Spread).

These

floating

lending

rates

are

generally

(i)

the

lending

rate

referenced

by

the

London

Inter-Bank

Offered

Rate

("LIBOR"),

or

(ii)

the

prime

rate

offered

by

one

or

more

major

United

States

banks.

Senior

loans

may

be

considered

restricted

in

that

the

Fund

ordinarily

is

contractually

obligated

to

receive

approval

from

the

agent

bank

and/or

borrower

prior

to

the

disposition

of

a

senior

loan.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(k)

Senior

loans

generally

are

subject

to

mandatory

and/or

optional

prepayment.

Because

of

these

mandatory

prepayment

conditions

and

because

there

may

be

significant

economic

incentives

for

a

borrower

to

prepay,

prepayments

of

senior

loans

may

occur.

As

a

result,

the

actual

remaining

maturity

of

senior

loans

held

may

be

substantially

less

than

the

stated

maturities

shown.

(l)

Senior

loan

received

as

part

of

the

bondholder

funding

agreement

during

June

2023

for

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2021A,

10.000%,

12/01/31.

(m)

Investment

has

a

maturity

of

greater

than

one

year,

but

has

variable

rate

and/or

demand

features

which

qualify

it

as

a

short-term

investment.

The

rate

disclosed,

as

well

as

the

reference

rate

and

spread,

where

applicable,

is

that

in

effect

as

of

the

end

of

the

reporting

period.

This

rate

changes

periodically

based

on

market

conditions

or

a

specified

market

index.

(n)

MFP

Shares,

Net

as

a

percentage

of

Total

Investments

is

28.2%.

AMT

Alternative

Minimum

Tax

N/A

Not

Applicable.

UB

Underlying

bond

of

an

inverse

floating

rate

trust

reflected

as

a

financing

transaction.

WI/DD

When-issued

or

delayed

delivery

security.

See

Notes

to

Financial

Statements

Statement

of

Assets

and

Liabilities

See

Notes

to

Financial

Statements

184

April

30,

2024

(Unaudited)

NVG

NZF

NMZ

NMCO

NDMO

ASSETS

Long-term

investments,

at

value

†

$

4,736,860,274‌

$

4,253,548,510‌

$

1,922,424,634‌

$

981,237,363‌

$

845,333,582‌

Short-term

investments,

at

value

◊

52,245,000‌

–‌

16,280,000‌

–‌

5,000,000‌

Cash

645,842‌

6,163,647‌

–‌

–‌

16,449,040‌

Receivables:

Interest

68,313,688‌

66,252,553‌

43,942,217‌

18,431,546‌

19,030,641‌

Investments

sold

10,047,477‌

74,095,392‌

77,920,127‌

106,286,139‌

49,332,560‌

Deferred

offering

costs

88,535‌

–‌

110,000‌

216,315‌

287,297‌

Unfunded

commitments

–‌

–‌

4,159,058‌

3,836,819‌

790,000‌

Other

1,346,706‌

511,547‌

134,029‌

134,741‌

52,002‌

Total

assets

4,869,547,522‌

4,400,571,649‌

2,064,970,065‌

1,110,142,923‌

936,275,122‌

LIABILITIES

Cash

overdraft

–‌

–‌

12,092,662‌

10,198,178‌

–‌

Floating

rate

obligations

206,715,000‌

379,165,000‌

430,708,000‌

26,175,000‌

16,935,000‌

AMTP

Shares,

Net

*

–‌

–‌

356,555,732‌

–‌

–‌

MFP

Shares,

Net

**

515,698,055‌

640,137,836‌

–‌

414,229,844‌

239,633,946‌

VRDP

Shares,

Net

***

1,233,990,758‌

673,652,507‌

–‌

–‌

–‌

Payables:

Management

fees

2,390,258‌

2,144,613‌

1,050,947‌

776,844‌

617,467‌

Dividends

11,620,525‌

10,633,799‌

5,131,825‌

2,584,694‌

3,406,831‌

Interest

5,746,907‌

11,337,353‌

10,662,017‌

700,385‌

216,399‌

Investments

purchased

-

regular

settlement

39,715‌

4,984,496‌

3,795,143‌

1,399,548‌

6,508,893‌

Investments

purchased

-

when-issued/delayed-delivery

settlement

28,580,591‌

55,017,679‌

28,543,796‌

23,227,682‌

20,023,774‌

Offering

costs

–‌

–‌

2,705‌

–‌

–‌

Accrued

expenses:

Custodian

fees

304,714‌

258,088‌

132,226‌

80,918‌

84,340‌

Investor

relations

40,477‌

57,955‌

20,476‌

10,142‌

8,020‌

Trustees

fees

464,747‌

332,775‌

81,070‌

33,552‌

31,184‌

Professional

fees

38,671‌

13,264‌

17,958‌

16,503‌

16,746‌

Shareholder

reporting

expenses

95,828‌

84,500‌

43,078‌

16,693‌

25,718‌

Shareholder

servicing

agent

fees

2,431‌

5,161‌

2,016‌

1,722‌

1,165‌

Shelf

offering

costs

–‌

–‌

110,000‌

63,054‌

–‌

Other

5,409‌

6,223‌

8,867‌

11,988‌

16,001‌

Total

liabilities

2,005,734,086‌

1,777,831,249‌

848,958,518‌

479,526,747‌

287,525,484‌

Commitments

and

contingencies

(1)

Net

assets

applicable

to

common

shares

$

2,863,813,436‌

$

2,622,740,400‌

$

1,216,011,547‌

$

630,616,176‌

$

648,749,638‌

Common

shares

outstanding

213,522,362‌

193,729,050‌

110,539,338‌

54,801,890‌

59,562,212‌

Net

asset

value

("NAV")

per

common

share

outstanding

$

13

.41‌

$

13

.54‌

$

11

.00‌

$

11

.51‌

$

10

.89‌

NET

ASSETS

APPLICABLE

TO

COMMON

SHARES

CONSIST

OF:

Common

shares,

$0.01

par

value

per

share

$

2,135,224‌

$

1,937,291‌

$

1,105,393‌

$

548,019‌

$

595,622‌

Paid-in

capital

3,086,341,672‌

2,764,929,353‌

1,455,387,304‌

814,998,572‌

840,613,826‌

Total

distributable

earnings

(loss)

(

224,663,460‌

)

(

144,126,244‌

)

(

240,481,150‌

)

(

184,930,415‌

)

(

192,459,810‌

)

Net

assets

applicable

to

common

shares

$

2,863,813,436‌

$

2,622,740,400‌

$

1,216,011,547‌

$

630,616,176‌

$

648,749,638‌

Authorized

shares:

Common

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Preferred

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

†

Long-term

investments,

cost

$

4,848,724,735‌

$

4,122,000,409‌

$

2,021,252,907‌

$

1,053,068,463‌

$

881,118,586‌

◊

Short-term

investments,

cost

$

52,245,000‌

$

—‌

$

16,280,000‌

$

—‌

$

5,000,000‌

*

AMTP

Shares,

liquidation

preference

—‌

—‌

357,000,000‌

—‌

—‌

**

MFP

Shares,

liquidation

preference

517,400,000‌

641,000,000‌

—‌

415,000,000‌

240,000,000‌

***

    VRDP

Shares,

liquidation

preference

1,236,600,000‌

677,000,000‌

—‌

—‌

—‌

(1)

As

disclosed

in

Notes

to

Financial

Statements.

Statement

of

Operations

See

Notes

to

Financial

Statements

185

Six

Months

Ended

April

30,

2024

(Unaudited)

NVG

NZF

NMZ

NMCO

NDMO

INVESTMENT

INCOME

Dividends

$

96,797‌

$

217,410‌

$

107,462‌

$

122,962‌

$

—‌

Interest

112,658,115‌

103,451,755‌

57,102,277‌

33,785,967‌

22,875,554‌

Total

investment

income

112,754,912‌

103,669,165‌

57,209,739‌

33,908,929‌

22,875,554‌

EXPENSES

–

–

–

–

–

Management

fees

14,503,168‌

12,987,497‌

6,308,591‌

4,656,667‌

3,702,545‌

Shareholder

servicing

agent

fees

34,081‌

24,880‌

11,454‌

8,162‌

6,764‌

Interest

expense

and

amortization

of

offering

costs

36,580,330‌

36,238,308‌

15,764,136‌

9,536,845‌

5,344,509‌

Trustees

fees

78,829‌

66,917‌

26,695‌

17,522‌

14,892‌

Custodian

expenses,

net

90,482‌

102,667‌

63,673‌

50,771‌

33,057‌

Excise

tax

liability

expense

89,535‌

7,083‌

79,891‌

3,217‌

20,447‌

Investor

relations

expenses

192,570‌

92,627‌

36,916‌

24,185‌

69,205‌

Liquidity

fees

4,643,381‌

601,413‌

—‌

371,927‌

—‌

Merger

expenses

—‌

100,233‌

—‌

—‌

—‌

Professional

fees

399,030‌

348,729‌

258,157‌

160,264‌

69,866‌

Remarketing

fees

1,307,670‌

36,500‌

—‌

50,555‌

—‌

Shareholder

reporting

expenses

107,694‌

61,531‌

45,005‌

30,402‌

32,489‌

Stock

exchange

listing

fees

32,107‌

32,205‌

24,155‌

9,336‌

10,105‌

Other

169,469‌

99,439‌

383,167‌

73,144‌

85,849‌

Total

expenses

58,228,346‌

50,800,029‌

23,001,840‌

14,992,997‌

9,389,728‌

Net

investment

income

(loss)

54,526,566‌

52,869,136‌

34,207,899‌

18,915,932‌

13,485,826‌

REALIZED

AND

UNREALIZED

GAIN

(LOSS)

Realized

gain

(loss)

from:

Investments

9,387,103‌

32,072,503‌

(

14,007,143‌

)

17,685,116‌

4,833,747‌

Net

realized

gain

(loss)

9,387,103‌

32,072,503‌

(

14,007,143‌

)

17,685,116‌

4,833,747‌

Change

in

unrealized

appreciation

(depreciation)

on:

Investments

350,547,413‌

283,272,297‌

176,955,668‌

58,186,856‌

69,083,703‌

Net

change

in

unrealized

appreciation

(depreciation)

350,547,413‌

283,272,297‌

176,955,668‌

58,186,856‌

69,083,703‌

Net

realized

and

unrealized

gain

(loss)

359,934,516‌

315,344,800‌

162,948,525‌

75,871,972‌

73,917,450‌

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

from

operations

$

414,461,082‌

$

368,213,936‌

$

197,156,424‌

$

94,787,904‌

$

87,403,276‌

Statement

of

Changes

in

Net

Assets

See

Notes

to

Financial

Statements

186

NVG

NZF

Unaudited

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Unaudited

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

OPERATIONS

Net

investment

income

(loss)

$

54,526,566‌

$

113,266,658‌

$

52,869,136‌

$

99,542,560‌

Net

realized

gain

(loss)

9,387,103‌

(

64,101,331‌

)

32,072,503‌

(

73,224,640‌

)

Net

change

in

unrealized

appreciation

(depreciation)

350,547,413‌

(

21,872,197‌

)

283,272,297‌

(

30,396,013‌

)

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

from

operations

414,461,082‌

27,293,130‌

368,213,936‌

(

4,078,093‌

)

DISTRIBUTIONS

TO

COMMON

SHAREHOLDERS

Dividends

(

67,686,589‌

)

(

114,020,943‌

)

(

62,187,025‌

)

(

95,928,228‌

)

Total

distributions

(

67,686,589‌

)

(

114,020,943‌

)

(

62,187,025‌

)

(

95,928,228‌

)

CAPITAL

SHARE

TRANSACTIONS

Common

shares:

Fund

Reorganization/Merger

—‌

—‌

—‌

391,798,148‌

Cost

of

shares

repurchased

and

retired

–‌

–‌

–‌

(

214,827‌

)

Net

increase

(decrease)

applicable

to

common

shares

from

capital

share

transactions

—‌

—‌

—‌

391,583,321‌

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

346,774,493‌

(

86,727,813‌

)

306,026,911‌

291,577,000‌

Net

assets

applicable

to

common

shares

at

the

beginning

of

the

period

2,517,038,943‌

2,603,766,756‌

2,316,713,489‌

2,025,136,489‌

Net

assets

applicable

to

common

shares

at

the

end

of

the

period

$

2,863,813,436‌

$

2,517,038,943‌

$

2,622,740,400‌

$

2,316,713,489‌

Statement

of

Changes

in

Net

Assets

(continued)

See

Notes

to

Financial

Statements

187

NMZ

NMCO

Unaudited

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Unaudited

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

OPERATIONS

Net

investment

income

(loss)

$

34,207,899‌

$

56,832,875‌

$

18,915,932‌

$

25,396,524‌

Net

realized

gain

(loss)

(

14,007,143‌

)

(

66,935,786‌

)

17,685,116‌

(

45,121,374‌

)

Net

change

in

unrealized

appreciation

(depreciation)

176,955,668‌

17,358,472‌

58,186,856‌

(

5,984,512‌

)

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

from

operations

197,156,424‌

7,255,561‌

94,787,904‌

(

25,709,362‌

)

DISTRIBUTIONS

TO

COMMON

SHAREHOLDERS

Dividends

(

29,292,925‌

)

(

60,518,649‌

)

(

15,454,133‌

)

(

33,420,741‌

)

Return

of

Capital

–‌

(

1,274,052‌

)

–‌

(

446,021‌

)

Total

distributions

(

29,292,925‌

)

(

61,792,701‌

)

(

15,454,133‌

)

(

33,866,762‌

)

CAPITAL

SHARE

TRANSACTIONS

Common

shares:

Proceeds

from

shelf

offering,

net

of

offering

costs

(

721‌

)

9,590,166‌

—‌

357,037‌

Reinvestments

of

distributions

—‌

111,408‌

—‌

—‌

Net

increase

(decrease)

applicable

to

common

shares

from

capital

share

transactions

(

721‌

)

9,701,574‌

—‌

357,037‌

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

167,862,778‌

(

44,835,566‌

)

79,333,771‌

(

59,219,087‌

)

Net

assets

applicable

to

common

shares

at

the

beginning

of

the

period

1,048,148,769‌

1,092,984,335‌

551,282,405‌

610,501,492‌

Net

assets

applicable

to

common

shares

at

the

end

of

the

period

$

1,216,011,547‌

$

1,048,148,769‌

$

630,616,176‌

$

551,282,405‌

Statement

of

Changes

in

Net

Assets

(continued)

See

Notes

to

Financial

Statements

188

NDMO

Unaudited

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

OPERATIONS

Net

investment

income

(loss)

$

13,485,826‌

$

25,593,562‌

Net

realized

gain

(loss)

4,833,747‌

(

61,182,603‌

)

Net

change

in

unrealized

appreciation

(depreciation)

69,083,703‌

50,610,121‌

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

from

operations

87,403,276‌

15,021,080‌

DISTRIBUTIONS

TO

COMMON

SHAREHOLDERS

Dividends

(

22,157,143‌

)

(

24,558,159‌

)

Return

of

Capital

–‌

(

23,182,895‌

)

Total

distributions

(

22,157,143‌

)

(

47,741,054‌

)

CAPITAL

SHARE

TRANSACTIONS

Common

shares:

Proceeds

from

shelf

offering,

net

of

offering

costs

(

661‌

)

—‌

Reinvestments

of

distributions

—‌

1,070,076‌

Net

increase

(decrease)

applicable

to

common

shares

from

capital

share

transactions

(

661‌

)

1,070,076‌

Net

increase

(decrease)

in

net

assets

applicable

to

common

shares

65,245,472‌

(

31,649,898‌

)

Net

assets

applicable

to

common

shares

at

the

beginning

of

the

period

583,504,166‌

615,154,064‌

Net

assets

applicable

to

common

shares

at

the

end

of

the

period

$

648,749,638‌

$

583,504,166‌

Statement

of

Cash

Flows

See

Notes

to

Financial

Statements

189

Six

Months

Ended

April

30,

2024

(Unaudited)

NVG

NZF

NMZ

NMCO

NDMO

CASH

FLOWS

FROM

OPERATING

ACTIVITIES

Net

Increase

(Decrease)

in

Net

Assets

Applicable

to

Common

Shares

from

Operations

$

414,461,082‌

$

368,213,936‌

$

197,156,424‌

$

94,787,904‌

$

87,403,276‌

Adjustments

to

reconcile

the

net

increase

(decrease)

in

net

assets

applicable

to

common

shares

from

operations

to

net

cash

provided

by

(used

in)

operating

activities:

Purchases

of

investments

(466,413,643‌)

(366,976,454‌)

(287,572,918‌)

(173,597,721‌)

(365,826,610‌)

Proceeds

from

sale

and

maturities

of

investments

459,288,866‌

406,040,814‌

313,033,121‌

271,376,311‌

415,8

80,880‌

Proceeds

from

(Purchase

of)

short-term

investments,

net

(12,885,000‌)

—‌

(16,280,000‌)

—‌

4,000,000‌

Taxes

paid

—‌

—‌

(4,044‌)

—‌

—‌

Amortization

(Accretion)

of

premiums

and

discounts,

net

(9,625,744‌)

(12,227,046‌)

(6,462,616‌)

(6,166,041‌)

258,231‌

Amortization

of

deferred

offering

costs

334,256‌

116,848‌

307,127‌

317,816‌

311,634‌

(Increase)

Decrease

in:

Receivable

for

dividends

—‌

1,938‌

—‌

—‌

—‌

Receivable

for

interest

(1,654,136‌)

(5,413,604‌)

(6,087,693‌)

1,387,934‌

(470,664‌)

Receivable

for

investments

sold

55,530,268‌

(63,557,676‌)

(64,956,350‌)

(85,405,527‌)

(39,958,519‌)

Other

assets

756,589‌

501,340‌

100,339‌

(23,846‌)

50,480‌

Increase

(Decrease)

in:

Payable

for

interest

3,333,201‌

5,619,278‌

6,819,545‌

575,577‌

214,337‌

Payable

for

investments

purchased

-

regular

settlement

(22,612,907‌)

(8,441,004‌)

(1,086,857‌)

(15,164,172‌)

(6,844,585‌)

Payable

for

investments

purchased

-

when-issued/delayed-delivery

settlement

2,381,139‌

42,012,125‌

26,183,100‌

2,034,745‌

141,027‌

Payable

for

management

fees

59,453‌

52,805‌

92,244‌

5,668‌

25,260‌

Accrued

custodian

fees

22,142‌

(975‌)

8,453‌

6,388‌

8,601‌

Accrued

investor

relations

fees

(36,861‌)

(10,193‌)

(3,703‌)

(4,333‌)

5,215‌

Accrued

Trustees

fees

(825,151‌)

(561,097‌)

(81,914‌)

(6,646‌)

(2,669‌)

Accrued

professional

fees

19,550‌

9,436‌

6,694‌

8,812‌

9,644‌

Accrued

shareholder

reporting

expenses

24,056‌

8,916‌

14,670‌

(1,115‌)

10,517‌

Accrued

shareholder

servicing

agent

fees

(9,545‌)

(3,563‌)

(1,863‌)

(650‌)

(1,210‌)

Accrued

shelf

offering

costs

—‌

—‌

110,000‌

(4,499‌)

—‌

Accrued

other

expenses

5,409‌

4,266‌

6,870‌

(11,836‌)

15,983‌

Net

realized

(gain)

loss

from

investments

(9,387,103‌)

(32,072,503‌)

14,007,143‌

(17,685,116‌)

(4,833,747‌)

Net

realized

(gain)

loss

from

paydowns

(4,879‌)

10,980‌

—‌

(427,913‌)

—‌

Net

change

in

unrealized

(appreciation)

depreciation

of

investments

(350,547,413‌)

(283,272,297‌)

(176,955,668‌)

(58,186,856‌)

(69,083,703‌)

Net

cash

provided

by

(used

in)

operating

activities

62,213,629‌

50,056,270‌

(1,

647,896‌

)

13,814,884‌

21,3

13,378‌

CASH

FLOWS

FROM

FINANCING

ACTIVITIES

Proceeds

from

borrowings

—‌

46,091,549‌

7,781,563‌

23,152,731‌

—‌

(Repayments)

of

borrowings

—‌

(46,091,549‌)

(7,781,563‌)

(23,152,731‌)

—‌

Proceeds

from

floating

rate

obligations

6,265,000‌

93,085,000‌

67,817,000‌

6,215,000‌

16,285,000‌

(Repayments

of)

floating

rate

obligations

(10,090,000‌)

(88,626,000‌)

(43,810,000‌)

—‌

—‌

(Repayments

for)

MFP

Shares

redeemed,

at

liquidation

preference

—‌

—‌

—‌

(35,000,000‌)

—‌

Payments

for

deferred

offering

costs

(1,388‌)

—‌

—‌

—‌

—‌

Increase

(Decrease)

in:

Cash

overdraft

—‌

—‌

6,393,356‌

10,191,739‌

—‌

Cash

distributions

paid

to

common

shareholders

(64,663,590‌)

(59,512,310‌)

(28,751,739‌)

(15,221,623‌)

(22,130,129‌)

Proceeds

from

shelf

offering

—‌

—‌

(721‌)

—‌

(661‌)

Net

cash

provided

by

(used

in)

financing

activities

(68,489,978‌)

(55,053,310‌)

1,

647,896‌

(33,814,884‌)

(5,845,790‌)

Net

increase

(decrease)

in

Cash

(6,276,349‌)

(4,997,040‌)

–‌

(20,000,000‌)

15,767,588‌

Cash

and

cash

held

in

escrow

for

preferred

share

noticed

for

redemption

at

the

beginning

of

period

6,922,191‌

11,160,687‌

—‌

20,000,000‌

981,452‌

Cash

at

the

end

of

period

$

645,842‌

$

6,163,647‌

$

—‌

$

—‌

$

16,

449,040‌

SUPPLEMENTAL

DISCLOSURE

OF

CASH

FLOW

INFORMATION

NVG

NZF

NMZ

NMCO

NDMO

Cash

paid

for

interest

$

32,996,603‌

$

30,448,118‌

$

8,893,409‌

$

8,807,225‌

$

5,104,897‌

Financial

Highlights

190

The

following

data

is

for

a

common

share

outstanding for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

to

Common

Shareholders

Common

Share

Common

Share

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Discount

Per

Share

Repurchased

and

Retired

Net

Asset

Value,

End

of

Period

Share

Price,

End

of

Period

NVG

4/30/24(d)

$

11.79

$

0.26

$

1.68

$

1.94

$

(0.32)

$

—

$

(0.32)

$

—

$

13.41

$

11.55

10/31/23

12.19

0.53

(0.40)

0.13

(0.53)

—

(0.53)

—

11.79

10.03

10/31/22

17.28

0.73

(5.01)

(4.28)

(0.78)

(0.03)

(0.81)

—

12.19

11.03

10/31/21

16.76

0.82

0.60

1.42

(0.81)

(0.09)

(0.90)

—

17.28

17.29

10/31/20

17.17

0.82

(0.41)

0.41

(0.79)

(0.03)

(0.82)

—

16.76

15.62

10/31/19

15.48

0.79

1.72

2.51

(0.79)

(0.03)

(0.82)

—

17.17

16.45

NZF

4/30/24(d)

11.96

0.27

1.63

1.90

(0.32)

—

(0.32)

—

13.54

11.69

10/31/23

12.24

0.55

(0.30)

0.25

(0.53)

—

(0.53)

—(f)

11.96

10.10

10/31/22

16.98

0.71

(4.72)

(4.01)

(0.73)

—

(0.73)

—

12.24

10.83

10/31/21

15.96

0.78

1.03

1.81

(0.79)

—

(0.79)

—

16.98

16.73

10/31/20

16.63

0.80

(0.71)

0.09

(0.76)

—

(0.76)

—

15.96

14.74

10/31/19

15.07

0.75

1.60

2.35

(0.79)

—

(0.79)

—

16.63

16.03

(a)

Based

on

average

shares

outstanding.

(b)

Total

Return

Based

on

Common

Share

NAV

is

the

combination

of

changes

in

common

share

NAV,

reinvested

dividend

income

at

Common

Share

NAV

and

reinvested

capital

gains

distributions

at

NAV,

if

any.

The

last

dividend

declared

in

the

period,

which

is

typically

paid

on

the

first

business

day

of

the

following

month,

is

assumed

to

be

reinvested

at

the

ending

NAV.

The

actual

reinvest

price

for

the

last

dividend

declared

in

the

period

may

often

be

based

on

the

Fund’s

market

price

(and

not

its

NAV),

and

therefore

may

be

different

from

the

price

used

in

the

calculation.

Total

returns

are

not

annualized.

Total

Return

Based

on

Common

Share

Price

is

the

combination

of

changes

in

the

market

price

per

share

and

the

effect

of

reinvested

dividend

income

and

reinvested

capital

gains

distributions,

if

any,

at

the

average

price

paid

per

share

at

the

time

of

reinvestment.

The

last

dividend

declared

in

the

period,

which

is

typically

paid

on

the

first

business

day

of

the

following

month,

is

assumed

to

be

reinvested

at

the

ending

market

price.

The

actual

reinvestment

for

the

last

dividend

declared

in

the

period

may

take

place

over

several

days,

and

in

some

instances

may

not

be

based

on

the

market

price,

so

the

actual

reinvestment

price

may

be

different

from

the

price

used

in

the

calculation.

Total

returns

are

not

annualized.

See

Notes

to

Financial

Statements.

191

Ratios

of

Interest

Expense

to

Average

Net

Assets

Applicable

to

Common

Shares

NVG

NZF

4/30/24(d)

2.96

%(e)

2.82

%(e)

10/31/23

2.78

2.79

10/31/22

1.10

1.14

10/31/21

0.52

0.62

10/31/20

0.97

1.01

10/31/19

1.47

1.55

Common

Share

Supplemental

Data/

Ratios

Applicable

to

Common

Shares

Common

Share

Total

Returns

Ratios

to

Average

Net

Assets

Based

on

Net

Asset

Value(b)

Based

on

Share

Price(b)

Net

Assets,

End

of

Period

(000)

Expenses(c)

Net

Investment

Income

(Loss)(c)

Portfolio

Turnover

Rate

16.39‌

%

18.29‌

%

$

2,863,813

4.05‌

%

(e)

3.79‌

%

(e)

10‌

%

0.70‌

(4.77‌)

2,517,039

3.85‌

4.00‌

17‌

(25.56‌)

(32.54‌)

2,603,767

2.16‌

4.83‌

19‌

8.54‌

16.65‌

3,687,336

1.52‌

4.70‌

12‌

2.53‌

0.06‌

3,576,356

1.98‌

4.89‌

15‌

16.52‌

29.47‌

3,476,962

2.49‌

4.82‌

6‌

15.88‌

18.91‌

2,622,740

3.89‌

(e)

4.04‌

(e)

9‌

1.62‌

(2.35‌)

2,316,713

3.87‌

4.14‌

26‌

(24.20‌)

(31.77‌)

2,025,136

2.20‌

4.78‌

61‌

11.45‌

19.05‌

2,414,104

1.61‌

4.60‌

15‌

0.58‌

(3.34‌)

2,267,965

2.04‌

4.95‌

21‌

15.90‌

27.08‌

2,364,022

2.60‌

4.68‌

12‌

(c)

•

Net

Investment

Income

(Loss)

ratios

reflect

income

earned

and

expenses

incurred

on

assets

attributable

to

preferred

shares

issued

by

the

Fund,

where

applicable.

•

The

expense

ratios

reflect,

among

other

things,

all

interest

expenses

and

other

costs

related

to

preferred

shares

(as

described

in

Notes

to

Financial

Statements)

and/or

the

interest

expense

deemed

to

have

been

paid

by

the

Fund

on

the

floating

rate

certificates

issued

by

the

special

purpose

trusts

for

the

self-deposited

inverse

floaters

held

by

the

Fund

(as

described

in

Notes

to

Financial

Statements),

where

applicable,

as

follows:

(d)

Unaudited.

(e)

Annualized.

(f)

Value

rounded

to

zero.

Financial

Highlights

(continuted)

192

The

following

data

is

for

a

common

share

outstanding for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

to

Common

Shareholders

Common

Share

Common

Share

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Return

of

Capital

Total

Shelf

Offering

Costs

Premium

per

Share

Sold

through

Shelf

Offering

Net

Asset

Value,

End

of

Period

Share

Price,

End

of

Period

NMZ

4/30/24(d)

$

9.48

$

0.28

$

1.51

$

1.79

$

(0.27)

$

—

$

—

$

(0.27)

$

—

$

—

$

11.00

$

10.29

10/31/23

9.97

0.51

(0.44)

0.07

(0.55)

—

(0.01)

(

0.56)

—

—(f)

9.48

8.37

10/31/22

14.53

0.70

(4.53)

(3.83)

(0.75)

—

—

(0.75)

—(f)

0.02

9.97

9.85

10/31/21

13.22

0.72

1.30

2.02

(

0.77)

—

—

(0.77)

—(f)

0.06

14.53

14.71

10/31/20

14.04

0.70

(0.82)

(0.12)

(0.73)

—

—

(0.73)

—(f)

0.03

13.22

13.22

10/31/19

12.77

0.76

1.20

1.96

(0.70)

—

—

(0.70)

—

0.01

14.04

14.22

NMCO

4/30/24(d)

10.06

0.35

1.38

1.73

(0.28)

—

—

(0.28)

—

—

11.51

10.14

10/31/23

11.15

0.46

(0.93)

(0.47)

(0.61)

—

(0.01)

(0.62)

—(f)

—(f)

10.06

8.67

10/31/22

15.47

0.78

(4.36)

(3.58)

(0.74)

—

—

(0.74)

—(f)

—(f)

11.15

10.39

10/31/21

12.81

0.82

2.58

3.40

(0.74)

—

—

(0.74)

—

—(f)

15.47

15.04

10/31/20

15.08

0.71

(2.25)

(1.54)

(0.73)

—

—

(0.73)

—

—

12.81

11.68

10/31/19(g)

15.00

0.04

0.04

0.08

—

—

—

—

—

—

15.08

15.39

(a)

Based

on

average

shares

outstanding.

(b)

Total

Return

Based

on

Common

Share

NAV

is

the

combination

of

changes

in

common

share

NAV,

reinvested

dividend

income

at

Common

Share

NAV

and

reinvested

capital

gains

distributions

at

NAV,

if

any.

The

last

dividend

declared

in

the

period,

which

is

typically

paid

on

the

first

business

day

of

the

following

month,

is

assumed

to

be

reinvested

at

the

ending

NAV.

The

actual

reinvest

price

for

the

last

dividend

declared

in

the

period

may

often

be

based

on

the

Fund’s

market

price

(and

not

its

NAV),

and

therefore

may

be

different

from

the

price

used

in

the

calculation.

Total

returns

are

not

annualized.

Total

Return

Based

on

Common

Share

Price

is

the

combination

of

changes

in

the

market

price

per

share

and

the

effect

of

reinvested

dividend

income

and

reinvested

capital

gains

distributions,

if

any,

at

the

average

price

paid

per

share

at

the

time

of

reinvestment.

The

last

dividend

declared

in

the

period,

which

is

typically

paid

on

the

first

business

day

of

the

following

month,

is

assumed

to

be

reinvested

at

the

ending

market

price.

The

actual

reinvestment

for

the

last

dividend

declared

in

the

period

may

take

place

over

several

days,

and

in

some

instances

may

not

be

based

on

the

market

price,

so

the

actual

reinvestment

price

may

be

different

from

the

price

used

in

the

calculation.

Total

returns

are

not

annualized.

See

Notes

to

Financial

Statements.

193

Ratios

of

Interest

Expense

to

Average

Net

Assets

Applicable

to

Common

Shares

NMZ

NMCO

4/30/24(d)

2.62

%

(e)

3.22

%

(e)

10/31/23

2.59

3.12

10/31/22

0.93

1.21

10/31/21

0.36

0.72

10/31/20

0.66

0.10

10/31/19

1.16

—

(e)

Common

Share

Supplemental

Data/

Ratios

Applicable

to

Common

Shares

Common

Share

Total

Returns

Ratios

to

Average

Net

Assets

Based

on

Net

Asset

Value(b)

Based

on

Share

Price(b)

Net

Assets,

End

of

Period

(000)

Expenses(c)

Net

Investment

Income

(Loss)(c)

Portfolio

Turnover

Rate

18.83‌

%

26.18‌

%

$

1,216,012

3.83‌

%

(e)

5.21‌

%

(e)

15‌

%

0.13‌

(10.28‌)

1,048,149

3.75‌

4.74‌

27‌

(27.13‌)

(28.88‌)

1,092,984

2.05‌

5.61‌

30‌

15.80‌

17.32‌

1,404,752

1.43‌

5.13‌

6‌

(0.49‌)

(1.84‌)

1,097,418

1.68‌

5.19‌

10‌

15.75‌

27.45‌

969,068

2.20‌

5.67‌

15‌

17.24‌

20.22‌

630,616

4.85‌

(e)

6.12‌

(e)

17‌

(4.85‌)

(11.69‌)

551,282

4.78‌

3.96‌

34‌

(23.88‌)

(26.91‌)

610,501

2.74‌

5.69‌

30‌

26.91‌

35.55‌

824,271

2.18‌

5.52‌

12‌

(10.33‌)

(19

.78‌)

682,510

2.41‌

5.24‌

70‌

0.53‌

2.60‌

803,046

1.01‌

(e)

2.58‌

(e)

8‌

(c)

•

Net

Investment

Income

(Loss)

ratios

reflect

income

earned

and

expenses

incurred

on

assets

attributable

to

preferred

shares,

borrowings

and/or

reverse

repurchase

agreements

(as

described

in

Notes

to

Financial

Statements),

where

applicable.

•

The

expense

ratios

reflect,

among

other

things,

all

interest

expense

and

other

costs

related

to

preferred

shares,

borrowings

and/or

reverse

repurchase

agreements

(as

described

in

Notes

to

Financial

Statements)

and/or

the

interest

expense

deemed

to

have

been

paid

by

the

Fund

on

the

floating

rate

certificates

issued

by

the

special

purpose

trusts

for

the

self-deposited

inverse

floaters

held

by

the

Fund

(as

described

in

Notes

to

Financial

Statements),

where

applicable,

as

follows:

(d)

Unaudited.

(e)

Annualized.

(f)

Value

rounded

to

zero.

(g)

For

the

period

September

16,

2019

(commencement

of

operations)

through

October

31,

2019.

Financial

Highlights

(continuted)

194

The

following

data

is

for

a

common

share

outstanding for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

to

Common

Shareholders

Common

Share

Common

Share

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Return

of

Capital

Total

Premium

per

Share

Sold

through

Shelf

Offering

Net

Asset

Value,

End

of

Period

Share

Price,

End

of

Period

NDMO

4/30/24(d)

$

9.80

$

0.23

$

1.23

$

1.46

$

(0.37)

$

—

$

—

$

(0.37)

$

—

$

10.89

$

10.68

10/31/23

10.34

0.43

(0.17)

0.26

(0.41)

—

(0.39)

(0.80)

—

9.80

9.12

10/31/22

15.60

0.51

(4.85)

(4.34)

(0.50)

—

(0.42)

(0.92)

—

10.34

9.43

10/31/21

14.92

0.49

1.10

1.59

(0.50)

(0.31)

(0.11)

(0.92)

0.01

15.60

15.64

10/31/20(f)

15.00

0.03

(0.03)

—

(0.08)

—

—

(0.08)

—

14.92

15.00

(a)

Based

on

average

shares

outstanding.

(b)

Total

Return

Based

on

Common

Share

NAV

is

the

combination

of

changes

in

common

share

NAV,

reinvested

dividend

income

at

Common

Share

NAV

and

reinvested

capital

gains

distributions

at

NAV,

if

any.

The

last

dividend

declared

in

the

period,

which

is

typically

paid

on

the

first

business

day

of

the

following

month,

is

assumed

to

be

reinvested

at

the

ending

NAV.

The

actual

reinvest

price

for

the

last

dividend

declared

in

the

period

may

often

be

based

on

the

Fund’s

market

price

(and

not

its

NAV),

and

therefore

may

be

different

from

the

price

used

in

the

calculation.

Total

returns

are

not

annualized.

Total

Return

Based

on

Common

Share

Price

is

the

combination

of

changes

in

the

market

price

per

share

and

the

effect

of

reinvested

dividend

income

and

reinvested

capital

gains

distributions,

if

any,

at

the

average

price

paid

per

share

at

the

time

of

reinvestment.

The

last

dividend

declared

in

the

period,

which

is

typically

paid

on

the

first

business

day

of

the

following

month,

is

assumed

to

be

reinvested

at

the

ending

market

price.

The

actual

reinvestment

for

the

last

dividend

declared

in

the

period

may

take

place

over

several

days,

and

in

some

instances

may

not

be

based

on

the

market

price,

so

the

actual

reinvestment

price

may

be

different

from

the

price

used

in

the

calculation.

Total

returns

are

not

annualized.

See

Notes

to

Financial

Statements

195

Ratios

of

Interest

Expense

to

Average

Net

Assets

Applicable

to

Common

Shares

NDMO

4/30/24(d)

1.66

%

(e)

10/31/23

1.54

10/31/22

0.75

10/31/21

0.33

10/31/20

0.03

(e)

Common

Share

Supplemental

Data/

Ratios

Applicable

to

Common

Shares

Common

Share

Total

Returns

Ratios

to

Average

Net

Assets

Based

on

Net

Asset

Value(b)

Based

on

Share

Price(b)

Net

Assets,

End

of

Period

(000)

Expenses(c)

Net

Investment

Income

(Loss)(c)

Portfolio

Turnover

Rate

14.93‌

%

21.33‌

%

$

648,750

2.92‌

%

(e)

4.19‌

%

(e)

42‌

%

1.96‌

4.45‌

583,504

2.76‌

3.97‌

79‌

(28.77‌)

(35.09‌)

615,154

2.07‌

3.78‌

61‌

10.77‌

10.47‌

913,547

1.55‌

3.02‌

63‌

(0.02‌)

0.51‌

846,790

0.89‌

(e)

1.06‌

(e)

4‌

(c)

•

Net

Investment

Income

(Loss)

ratios

reflect

income

earned

and

expenses

incurred

on

assets

attributable

to

preferred

shares,

borrowings

and/or

reverse

repurchase

agreements

(as

described

in

Notes

to

Financial

Statements),

where

applicable.

•

The

expense

ratios

reflect,

among

other

things,

all

interest

expense

and

other

costs

related

to

preferred

shares,

borrowings

and/or

reverse

repurchase

agreements

(as

described

in

Notes

to

Financial

Statements)

and/or

the

interest

expense

deemed

to

have

been

paid

by

the

Fund

on

the

floating

rate

certificates

issued

by

the

special

purpose

trusts

for

the

self-deposited

inverse

floaters

held

by

the

Fund

(as

described

in

Notes

to

Financial

Statements),

where

applicable,

as

follows:

(d)

Unaudited.

(e)

Annualized.

(f)

For

the

period

August

26,

2020

(commencement

of

operations)

through

October

31,

2020.

196

Financial

Highlights

(continued)

NVG

Asset

Coverage

Per

$1,000

Share(c)

Series

B

4/30/24(f)

$2,633

10/31/23

2,435

10/31/22

2,409

10/31/21

2,912

10/31/20

2,854

10/31/19

2,914

Series

C

4/30/24(f)

$2,633

10/31/23

2435

10/31/22

2,409

10/31/21

—

10/31/20

—

10/31/19

—

The

following

table

sets

forth

information

regarding

each

Fund's

outstanding

senior

securities

as

of

the

end

of

each

of

the

Fund's

last

five

fiscal

periods,

as

applicable.

AMTP

Shares

MFP

Shares

VRDP

Shares

Aggregate

Amount

Outstanding

(000)(a)

Asset

Coverage

Per

$100,000

Share(b)

Aggregate

Amount

Outstanding

(000)(a)

Asset

Coverage

Per

$100,000

Share(b),(d)

Aggregate

Amount

Outstanding

(000)(a)

Asset

Coverage

Per

$100,000

Share(b)

Asset

Coverage

Per

$1

Liquidation

Preference(e)

NVG

4/30/24(f)

$

—

$

—

$

517,400

$

263,273

$

1,236,600

$

263,273

$

2.63

10/31/23

—

—

517,400

243,503

1,236,600

243,503

2.44

10/31/22

—

—

610,900

240,935

1,236,600

240,935

2.41

10/31/21

112,000

291,153

405,400

291,153

1,411,600

291,153

2.91

10/31/20

112,000

285,399

405,400

285,399

1,411,600

285,399

2.85

10/31/19

—

—

405,400

291,357

1,411,600

291,357

2.91

NZF

4/30/24(f)

—

—

641,000

298,994

677,000

298,994

2.99

10/31/23

—

—

641,000

275,775

677,000

275,775

2.76

10/31/22

—

—

641,000

243,831

727,000

243,831

2.44

10/31/21

—

—

641,000

276,470

727,000

276,470

2.76

10/31/20

—

—

641,000

265,787

727,000

265,787

2.66

10/31/19

—

—

641,000

272,809

727,000

272,809

2.73

(a)

Aggregate

Amount

Outstanding:

Aggregate

amount

outstanding

represents

the

liquidation

preference

as

of

the

end

of

the

relevant

fiscal

year

and

does

not

included

any

preferred

shares

noticed

for

redemption

as

noted

on

the

Statement

of

Assets

and

Liabilities,

where

applicable.

(b)

Asset

Coverage

Per

$100,000:

Asset

coverage

per

$100,000

is

calculated

by

subtracting

the

Fund’s

liabilities

and

indebtedness

not

represented

by

senior

securities

from

the

Fund’s

total

assets,

dividing

the

result

by

the

aggregate

amount

of

the

Fund’s

senior

securities

representing

indebtedness

then

outstanding

(if

applicable,)

plus

the

aggregate

of

the

involuntary

liquidation

preference

of

the

outstanding

preferred

shares,

if

applicable,

and

multiplying

the

result

by

100,000.

(c

)

Asset

Coverage

Per

$1,000:

Asset

coverage

per

$1,000

is

calculated

by

subtracting

the

Fund's

liabilities

and

indebtedness

not

represented

by

senior

securities

from

the

Fund's

total

assets,

dividing

the

result

by

the

aggregate

amount

of

the

Fund's

senior

securities

representing

indebtedness

then

outstanding

(if

applicable,)

plus

the

aggregate

of

the

involuntary

liquidation

preference

of

the

outstanding

preferred

shares,

if

applicable,

and

multiplying

the

result

by

1,000.

(d)

NVG’s

Series

B

and

Series

C

MFP

Shares

have

a

$1,000

liquidation

preference

per

share,

while

all

other

MFP

Shares

have

a

$100,000

liquidation

preference

per

share.

The

asset

coverage

per

$1,000

share

for

NVG’s

Series

B

and

Series

C

MFP

Shares

were

as

follows:

(e)

Includes

all

preferred

shares

presented

for

the

Fund.

(f)

Unaudited.

Financial

Highlights

(continued)

197

The

following

table

sets

forth

information

regarding

each

Fund's

outstanding

senior

securities

as

of

the

end

of

each

of

the

Fund's

last

five

fiscal

periods,

as

applicable.

Borrowings

AMTP

Shares

MFP

Shares

Aggregate

Amount

Outstanding

(000)(a)

Asset

Coverage

Per

$1,000

Share(b)

Aggregate

Amount

Outstanding

(000)(a)

Asset

Coverage

Per

$100,000

Share(c)

Aggregate

Amount

Outstanding

(000)(a)

Asset

Coverage

Per

$100,000

Share(c)

NMZ

4/30/24(d)

$

—

$

—

$

357,000

$

440,619

$

—

$

—

10/31/23

—

—

357,000

393,599

—

—

10/31/22

—

—

357,000

406,158

—

—

10/31/21

—

—

257,000

646,596

—

—

10/31/20

—

—

87,000

1,361,400

—

—

10/31/19

—

—

87,000

1,213,872

—

—

NMCO

4/30/24(d)

—

—

—

—

415,000

251,956

10/31/23

—

—

—

—

430,000

228,205

10/31/22

—

—

—

—

450,000

237,489

10/31/21

—

—

—

—

450,000

283,171

10/31/20

—

—

—

—

450,000

251,669

10/31/19(e)

—

—

—

—

—

—

NDMO

4/30/24(d)

—

—

—

—

240,000

370,312

10/31/23

—

—

—

—

240,000

343,127

10/31/22

—

—

—

—

240,000

356,314

10/31/21

191,900

5,761

—

—

—

—

10/31/20(f)

—

—

—

—

—

—

(a)

Aggregate

Amount

Outstanding:

Aggregate

amount

outstanding

represents

the

principal

amount

outstanding

or

liquidation

preference,

if

applicable,

as

of

the

end

of

the

relevant

fiscal

year

and

does

not

included

any

preferred

shares

noticed

for

redemption

as

noted

on

the

Statement

of

Assets

and

Liabilities,

where

applicable.

(b)

Asset

Coverage

Per

$1,000:

Asset

coverage

per

$1,000

is

calculated

by

subtracting

the

Fund’s

liabilities

and

indebtedness

not

represented

by

senior

securities

from

the

Fund’s

total

assets,

dividing

the

result

by

the

aggregate

amount

of

the

Fund’s

senior

securities

representing

indebtedness

then

outstanding

(if

applicable),

plus

the

aggregate

of

the

involuntary

liquidation

preference

of

the

outstanding

preferred

shares,

if

applicable,

and

multiplying

the

result

by

1,000.

(c)

Asset

Coverage

Per

$100,000:

Asset

coverage

per

$100,000

is

calculated

by

subtracting

the

Fund’s

liabilities

and

indebtedness

not

represented

by

senior

securities

from

the

Fund’s

total

assets,

dividing

the

result

by

the

aggregate

amount

of

the

Fund’s

senior

securities

representing

indebtedness

then

outstanding

(if

applicable,)

plus

the

aggregate

of

the

involuntary

liquidation

preference

of

the

outstanding

preferred

shares,

if

applicable,

and

multiplying

the

result

by

100,000.

(d)

Unaudited.

(e)

For

the

period

September

16,

2019

(commencement

of

operations)

through

October

31,

2019.

(f)

For

the

period

August

26,

2020

(commencement

of

operations)

through

October

31,

2020.

198

Notes

to

Financial

Statements

(Unaudited)

1.

General

Information 

Fund

Information:

The

funds

covered

in

this

report

and

their

corresponding

New

York

Stock

Exchange

(“NYSE”)

symbols

are

as

follows

(each

a

“Fund”

and

collectively,

the

“Funds”):

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(NVG)

Nuveen

Municipal

Credit

Income

Fund

(NZF)

Nuveen

Municipal

High

Income

Opportunity

Fund

(NMZ)

Nuveen

Municipal

Credit

Opportunities

Fund

(NMCO)

Nuveen

Dynamic

Municipal

Opportunities

Fund

(NDMO)

The

Funds

are

registered

under

the

Investment

Company

Act

of

1940

(the

“1940

Act”),

as

amended,

as

closed-end

management

investment

companies.

NVG,

NZF,

NMZ,

NMCO

and

NDMO

were

organized

as

Massachusetts

business

trusts

on

July

12,

1999,

March

21,

2001,

October

8,

2003,

April

18,

2019

and

November

4,

2019,

respectively.

Current

Fiscal

Period:

The

end

of

the

reporting

period

for

the

Funds

is

April

30,

2024,

and

the

period

covered

by

these

Notes

to

Financial

Statements

is

the

six

months

ended

April

30,

2024

(the

"current

fiscal

period").

Investment

Adviser

and

Sub-Adviser:

The

Funds'

investment

adviser

is

Nuveen

Fund

Advisors,

LLC

(the

“Adviser”),

a

subsidiary

of

Nuveen,

LLC

(“Nuveen”).

Nuveen

is

the

investment

management

arm

of

Teachers

Insurance

and

Annuity

Association

of

America

(TIAA).

The

Adviser

has

overall

responsibility

for

management

of

the

Funds,

oversees

the

management

of

the

Funds'

portfolio,

manages

the

Funds'

business

affairs

and

provides

certain

clerical,

bookkeeping

and

other

administrative

services,

and,

if

necessary,

asset

allocation

decisions.

The

Adviser

has

entered

into  sub-

advisory

agreements

with

Nuveen

Asset

Management,

LLC,

(the

“Sub-Adviser”),

a

subsidiary

of

the

Adviser,

under

which

the

Sub-Adviser

manages

the

investment

portfolios

of

the

Funds.

Fund

Mergers:

Effective

prior

to

the

opening

of

business

on

April

17,

2023,

Nuveen

Ohio

Quality

Municipal

Income

Fund

(NUO)

and

Nuveen

Georgia

Quality

Municipal

Income

Fund

(NKG)

(the

“Target

Funds”)

were

each

merged

into

NZF

(the

“Acquiring

Fund”)

(each

a

“Merger”).

With

respect

to

each

Merger

of

a

Target

Fund

with

and

into

the

Acquiring

Fund,

the

separate

legal

existence

of

the

Target

Fund

ceased

for

all

purposes

and

the

Acquiring

Fund

succeeded

to

all

the

assets

and

assumed

all

the

liabilities

of

the

Target

Fund.

Shares

of

the

Target

Fund

were

converted

into

newly

issued

shares

of

the

Acquiring

Fund.

Holders

of

common

shares

of

the

Target

Fund

received

newly

issued

common

shares

of

the

Acquiring

Fund,

the

aggregate

net

asset

value

(“NAV”)

of

which

was

equal

to

the

aggregate

NAV

of

the

common

shares

of

the

Target

Fund

held

immediately

prior

to

the

Merger

(including

for

this

purpose

fractional

Acquiring

Fund

shares

to

which

shareholders

were

entitled).

For

accounting

and

performance

reporting

purposes,

the

Acquiring

Fund

is

the

survivor.

Developments

Regarding

the

Fund’s

Control

Share

By-Law:

On

October

5,

2020,

the

Funds

and

certain

other

closed-end

funds

in

the

Nuveen

fund

complex

amended

their

by-laws.

Among

other

things,

the

amended

by-laws

included

provisions

pursuant

to

which,

in

summary,

a

shareholder

who

obtains

beneficial

ownership

of

common

shares

in

a

Control

Share

Acquisition

(as

defined

in

the

by-laws)

shall

have

the

same

voting

rights

as

other

common

shareholders

only

to

the

extent

authorized

by

the

other

disinterested

shareholders

(the

“Control

Share

By-Law”).

On

January

14,

2021,

a

shareholder

of

certain

Nuveen

closed-end

funds

filed

a

civil

complaint

in

the

U.S.

District

Court

for

the

Southern

District

of

New

York

(the

“District

Court”)

against

certain

Nuveen

funds

and

their

trustees,

seeking

a

declaration

that

such

funds’

Control

Share

By-Laws

violate

the

1940

Act,

rescission

of

such

fund’s

Control

Share

By-Laws

and

a

permanent

injunction

against

such

funds

applying

the

Control

Share

By-Laws.

On

February

18,

2022,

the

District

Court

granted

judgment

in

favor

of

the

plaintiff’s

claim

for

rescission

of

such

funds’

Control

Share

By-Laws

and

the

plaintiff’s

declaratory

judgment

claim,

and

declared

that

such

funds’

Control

Share

By-Laws

violate

Section

18(

i

)

of

the

1940

Act.

Following

review

of

the

judgment

of

the

District

Court,

on

February

22,

2022,

the

Funds'

Board

of

Trustees

(the

"Board")

amended

the

Fund’s

by-laws

to

provide

that

the

Funds'

Control

Share

By-Law

shall

be

of

no

force

and

effect

for

so

long

as

the

judgment

of

the

District

Court

is

effective

and

that

if

the

judgment

of

the

District

Court

is

reversed,

overturned,

vacated,

stayed,

or

otherwise

nullified,

the

Fund's

Control

Share

By-Law

will

be

automatically

reinstated

and

apply

to

any

beneficial

owner

of

common

shares

acquired

in

a

Control

Share

Acquisition,

regardless

of

whether

such

Control

Share

Acquisition

occurs

before

or

after

such

reinstatement,

for

the

duration

of

the

stay

or

upon

issuance

of

the

mandate

reversing,

overturning,

vacating

or

otherwise

nullifying

the

judgment

of

the

District

Court.

On

February

25,

2022,

the

Board

and

the

Funds

appealed

the

District

Court’s

decision

to

the

U.S.

Court

of

Appeals

for

the

Second

Circuit. 

On

November

30,

2023,

the

U.S.

Court

of

Appeals

for

the

Second

Circuit

upheld

the

opinion

of

the

District

Court.

On

February

28,

2024,

the

Board

of

the

Funds

Amended

and

Restated

By-Laws

to

eliminate

the

“control

share”

provisions.

2.

Significant

Accounting

Policies

The

accompanying

financial

statements

were

prepared

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

(“U.S.

GAAP”),

which

may

require

the

use

of

estimates

made

by

management

and

the

evaluation

of

subsequent

events.

Actual

results

may

differ

from

those

estimates.

Each

Fund

is

an

investment

company

and

follows

accounting

guidance

in

the

Financial

Accounting

Standards

Board

(“FASB”)

Accounting

Standards

Codification

946,

Financial

Services

—

Investment

Companies.

The

NAV

for

financial

reporting

purposes

may

differ

from

the

NAV

for

processing

security

and shareholder

transactions.

The

NAV

for

financial

reporting

purposes

includes

security

and

common

share

transactions

through

the

date

of

the

report.

Total

return

is

computed

based

on

the

NAV

used

for

processing

security

and

common

share

transactions.

The

following

is

a

summary

of

the

significant

accounting

policies

consistently

followed

by

the

Funds.

199

Compensation:

The

Funds pay

no

compensation

directly

to

those

of its

officers,

all

of

whom

receive

remuneration

for

their

services

to

the

Funds

from

the

Adviser

or

its

affiliates.

The Board has

adopted

a

deferred

compensation

plan

for

independent

trustees

that

enables

trustees

to

elect

to

defer

receipt

of

all

or

a

portion

of

the

annual

compensation

they

are

entitled

to

receive

from

certain

Nuveen-advised

funds.

Under

the

plan,

deferred

amounts

are

treated

as

though

equal

dollar

amounts

had

been

invested

in

shares

of

select

Nuveen-advised

funds.

Custodian

Fee

Credit:

As

an

alternative

to

overnight

investments,

each

Fund

has

an

arrangement

with

its

custodian

bank,

State

Street

Bank

and

Trust

Company,

(the

“Custodian”)

whereby

certain

custodian

fees

and

expenses

are

reduced

by

net

credits

earned

on

each

Fund’s

cash

on

deposit

with

the

bank.

Credits

for

cash

balances

may

be

offset

by

charges

for

any

days

on

which

a

Fund

overdraws

its

account

at

the

Custodian.

The

amount

of

custodian

fee

credit

earned

by

a

Fund

is

recognized

on

the

Statement

of

Operations

as

a

component

of

“Custodian

expenses,

net.”

During

the

current

reporting

period,

the

custodian

fee

credit

earned

by

each

Fund

was

as

follows:

Distributions

to

Common

Shareholders:

Distributions

to

common shareholders

are

recorded

on

the

ex-dividend

date.

The

amount,

character

and

timing

of

distributions

are

determined

in

accordance

with

federal

income

tax

regulations,

which

may

differ

from

U.S.

GAAP.

The

Funds’

distribution

policy,

which

may

be

changed

by

the

Board,

is

to

make

regular

monthly

cash

distributions

to

holders

of

their

common

shares

(stated

in

terms

of

a

fixed

cents

per

common

share

dividend

distributions

rate

which

may

be

set

from

time

to

time).

Each

Fund

intends

to

distribute

all

or

substantially

all

of

its

net

investment

income

each

year through

its

regular

monthly

distribution

and

to

distribute

realized

capital

gains

at

least

annually.

In

addition,

in

any

monthly

period,

to

maintain

its

declared

per

common

share

distribution

amount,

a

Fund

may

distribute

more

or

less

than

its

net

investment

income

during

the

period.

In

the

event

a

Fund

distributes

more

than

its

net

investment

income

during

any

yearly

period,

such

distributions

may

also

include

realized

gains

and/or

a

return

of

capital.

To

the

extent

that

a

distribution

includes

a

return

of

capital

the

NAV

per

share

may

erode.

Indemnifications:

Under

the

Funds'

organizational

documents, their

officers

and

trustees

are

indemnified

against

certain

liabilities

arising

out

of

the

performance

of

their

duties

to

the

Funds.

In

addition,

in

the

normal

course

of

business,

the Funds

enter

into

contracts

that

provide

general

indemnifications

to

other

parties.

The

Funds'

maximum

exposure

under

these

arrangements

is

unknown

as

this

would

involve

future

claims

that

may

be

made

against

the Funds

that

have

not

yet

occurred.

However,

the Funds

have

not

had

prior

claims

or

losses

pursuant

to

these

contracts

and

expects

the

risk

of

loss

to

be

remote.

Investments

and

Investment

Income:

Securities

transactions

are

accounted

for

as

of

the

trade

date

for

financial

reporting

purposes.

Realized

gains

and

losses

on

securities

transactions

are

based

upon

the

specific

identification

method.

Investment

income

is

comprised

of

interest

income,

which

is

recorded

on

an

accrual

basis

and

includes

accretion

of

discounts

and

amortization

of

premiums

for

financial

reporting

purposes.

Investment

income

also

reflects

payment-in-kind

(“PIK”)

interest

and

paydown

gains

and

losses,

if

any.

PIK

interest

represents

income

received

in

the

form

of

securities

in

lieu

of

cash.

Investment

income

also

reflects

dividend

income,

which

is

recorded

on

the

ex-dividend

date.

Netting

Agreements:

In

the

ordinary

course

of

business,

the

Funds

may

enter

into

transactions

subject

to

enforceable International

Swaps

and

Derivatives

Association,

Inc.

(ISDA)

master

agreements

or

other

similar

arrangements

(“netting

agreements”).

Generally,

the

right

to

offset

in

netting

agreements

allows

each

Fund

to

offset

certain

securities

and

derivatives

with

a

specific

counterparty,

when

applicable,

as

well

as

any

collateral

received

or

delivered

to

that

counterparty

based

on

the

terms

of

the

agreements.

Generally,

each

Fund

manages

its

cash

collateral

and

securities

collateral

on

a

counterparty

basis.

With

respect

to

certain

counterparties,

in

accordance

with

the

terms

of

the

netting

agreements,

collateral

posted

to

the

Funds

is

held

in

a

segregated

account

by

the

Funds’

custodian

and/or

with

respect

to

those

amounts

which

can

be

sold

or

repledged

,

are

presented

in

the

Funds’

Portfolio

of

Investments

or

Statement

of

Assets

and

Liabilities.

The

Funds’

investments

subject

to

netting

agreements

as

of

the

end

of

the

reporting

period,

if

any,

are

further

described

later

in

these

Notes

to

Financials.

3.

Investment

Valuation

and

Fair

Value

Measurements 

The

Funds’

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Adviser,

subject

to

oversight

of

the Board.

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.

Fund

Gross

Custodian

Fee

Credits

NVG

$

101,668

NZF

45,630

NMZ

26,536

NMCO

4,393

NDMO

25,470

200

Notes

to

Financial

Statements

(Unaudited)

(continued)

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).

A

description

of

the

valuation

techniques

applied

to

the

Funds’

major

classifications

of

assets

and

liabilities

measured

at

fair

value

follows:

Equity

securities

and

exchange-traded

funds

listed

or

traded

on

a

national

market

or

exchange

are

valued

based

on

their

last

reported sales

price

or

official

closing

price of such

market

or

exchange

on

the

valuation

date.

Foreign

equity

securities

and

registered

investment

companies

that

trade

on

a

foreign

exchange

are

valued

at

the

last

reported sales

price

or

official

closing

price

on

the

principal

exchange

where

traded,

and

converted

to

U.S.

dollars

at

the

prevailing

rates

of

exchange

on

the valuation

date.

For

events affecting

the value

of

foreign

securities

between

the

time

when

the

exchange

on

which

they

are

traded

closes

and

the

time

when

the

Funds'

net

assets

are

calculated,

such

securities

will

be

valued

at

fair

value

in

accordance

with

procedures

adopted

by

the

Adviser,

subject

to

the

oversight

of

the

Board. To

the

extent

these

securities

are

actively

traded

and

no

valuation

adjustments

are

applied,

they

are

generally

classified

as

Level

1. When

valuation

adjustments

are

applied

to

the

most

recent

last

sales

price

or

official

closing

price, these

securities

are

generally

classified

as

Level

2.

Prices

of

fixed-income

securities

are

generally

provided

by

pricing

services

approved

by

the

Adviser,

which

is

subject

to

review

by

the

Adviser

and

oversight

of

the

Board. Pricing

services

establish

a

security’s

fair

value

using

methods

that

may

include

consideration

of

the

following:

yields

or

prices

of

investments

of

comparable

quality,

type

of

issue,

coupon,

maturity

and

rating,

market

quotes

or

indications

of

value

from

security

dealers,

evaluations

of

anticipated

cash

flows

or

collateral,

general

market

conditions

and

other

information

and

analysis,

including

the

obligor’s

credit

characteristics

considered

relevant.

In

pricing

certain

securities,

particularly

less

liquid

and

lower

quality

securities,

pricing

services

may

consider

information

about

a

security,

its

issuer

or

market

activity

provided

by

the

Adviser.

These

securities

are

generally

classified

as

Level

2.

Investments

in

investment

companies

are

valued

at

their

respective

NAVs

or

share

price on

the

valuation

date

and

are

generally

classified

as

Level

1. 

For

any

portfolio

security

or

derivative

for

which

market

quotations

are

not

readily

available

or

for

which

the

Adviser

deems

the

valuations

derived

using

the

valuation

procedures

described

above

not

to

reflect

fair

value,

the

Adviser

will

determine

a

fair

value

in

good

faith

using

alternative

procedures

approved

by

the

Adviser,

subject

to

the

oversight

of

the

Board.

As

a

general

principle,

the

fair

value

of

a

security

is

the

amount

that

the

owner

might

reasonably

expect

to

receive

for

it

in

a

current

sale.

A

variety

of

factors

may

be

considered

in

determining

the

fair

value

of

such

securities,

which

may

include

consideration

of

the

following:

yields

or

prices

of

investments

of

comparable

quality,

type

of

issue,

coupon,

maturity

and

rating,

market

quotes

or

indications

of

value

from

security

dealers,

evaluations

of

anticipated

cash

flows

or

collateral,

general

market

conditions

and

other

information

and

analysis,

including

the

obligor’s

credit

characteristics

considered

relevant.

To

the

extent

the

inputs

are

observable

and

timely,

the

values

would

be

classified

as

Level

2;

otherwise

they

would

be

classified

as

Level

3.

The

following

table

summarizes

the

market

value

of

the

Funds’

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

x

NVG

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Municipal

Bonds

$

–

$

4,690,732,276

$

63,333

$

4,690,795,609

Common

Stocks

–

3,086,606

42,978,059

46,064,665

Short-Term

Investments:

Municipal

Bonds

–

52,245,000

–

52,245,000

Total

$

–

$

4,746,063,882

$

43,041,392

$

4,789,105,274

NZF

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Municipal

Bonds

$

–

$

4,157,411,306

$

17,784

$

4,157,429,090

Common

Stocks

–

–

96,119,420

96,119,420

Total

$

–

$

4,157,411,306

$

96,137,204

$

4,253,548,510

NMZ

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Municipal

Bonds

$

–

$

1,874,419,764

$

167,565

$

1,874,587,329

Common

Stocks

–

–

47,719,191

47,719,191

Corporate

Bonds

–

60,377

–

60,377

Variable

Rate

Senior

Loan

Interests

–

–

57,737

57,737

Short-Term

Investments:

Municipal

Bonds

–

16,280,000

–

16,280,000

Unfunded

Commitments*

–

–

4,159,058

4,159,058

Total

$

–

$

1,890,760,141

$

52,103,551

$

1,942,863,692

201

The

Funds

hold

liabilities

in

floating

rate

obligations

and

preferred

shares,

where

applicable,

which

are

not

reflected

in

the

tables

above.

The

fair

values

of

the

Funds’

liabilities

for

floating

rate

obligations

approximate

their

liquidation

values.

Floating

rate

obligations

are

generally

classified

as

Level

2

and

further

described

later

in

these Notes

to

Financial

Statements.

The

fair

values

of

the

Funds’

liabilities

for

preferred

shares

approximate

their

liquidation

preference.

Preferred

shares

are

generally

classified

as

Level

2

and

further

described

later

in

these

Notes

to

Financial

Statements.

The

following

is

a

reconciliation

of

the

Funds’

Level

3

investments

held

at

the

beginning

and

end

of

the

measurement

period:

NMCO

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Municipal

Bonds

$

–

$

924,136,109

$

389,575

$

924,525,684

Common

Stocks

–

2,075,476

54,594,962

56,670,438

Variable

Rate

Senior

Loan

Interests

–

–

41,241

41,241

Unfunded

Commitments*

–

–

3,836,819

3,836,819

Total

$

–

$

926,211,585

$

58,862,597

$

985,074,182

NDMO

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Municipal

Bonds

$

–

$

803,145,640

$

140

$

803,145,780

U.S.

Government

and

Agency

Obligations

–

29,610,938

–

29,610,938

Corporate

Bonds

–

11,658,401

469,700

12,128,101

Common

Stocks

–

432,267

–

432,267

Variable

Rate

Senior

Loan

Interests

–

–

16,496

16,496

Short-Term

Investments:

Municipal

Bonds

–

5,000,000

–

5,000,000

Unfunded

Commitments*

–

–

790,000

790,000

Total

$

–

$

849,847,246

$

1,276,336

$

851,123,582

*

Unfunded

commitments

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

commitment.

NVG

NZF

NMZ

Level

3

Level

3

Level

3

Common

Stocks

Municipal

Bonds

Common

Stocks

Municipal

Bonds

Common

Stocks

Municipal

Bonds

Variable

Rate

Senior

Unfunded

Commitments

Balance

at

the

beginning

of

period

$-

$65,578

$-

$18,415

$-

$11,110,430

$162,238

$-

Gains

(losses):

Net

realized

gains

(losses)

-

17

-

185

-

(6,529,607)

(277,546)

-

Change

in

net

unrealized

appreciation

(depreciation)

-

(17)

-

(185)

-

4,147,811

252,595

4,159,058

Purchases

at

cost

-

-

-

-

5,850

-

-

-

Sales

at

proceeds

-

(2,245)

-

(631)

-

(565)

(79,550)

-

Net

discounts

(premiums)

-

-

-

-

-

(1,447)

-

-

Transfers

into

42,978,059

-

96,119,420

-

47,713,341

-

-

-

Transfers

(out

of)

-

-

-

-

-

(8,559,057)

-

-

Balance

at

the

end

of

period

$42,978,059

$63,333

$96,119,420

$17,784

$47,719,191

$167,565

$57,737

$4,159,058

Change

in

net

unrealized

appreciation

(depreciation)

during

the

period

of

Level

3

securities

held

as

of

period

end

$(10,732,294)

$(17)

$(24,002,525)

$(185)

$(11,908,919)

$(547,595)

$(40,938)

$4,159,058

202

Notes

to

Financial

Statements

(Unaudited)

(continued)

The

valuation

techniques

and

significant

unobservable

inputs

used

in

recurring

Level

3

fair

value

measurements

of

assets

as

of

the

end

of

the

reporting

period,

were

as

follows:

NMCO

NDMO

Level

3

Level

3

Common

Stocks

Municipal

Bonds

Variable

Rate

Senior

Loan

Interests

Unfunded

Commitments

Corporate

Bonds

Municipal

Bonds

Variable

Rate

Senior

Loan

Interests

Unfunded

Commitments

Balance

at

the

beginning

of

period

$-

$11,876,721

$70,482

$-

$457,538

$2,358,992

$28,193

$-

Gains

(losses):

Net

realized

gains

(losses)

-

8

-

-

-

-

-

-

Change

in

net

unrealized

appreciation

(depreciation)

-

(2,747,739)

(29,241)

3,836,819

25,901

5,233,174

(11,697)

790,000

Purchases

at

cost

-

-

-

-

-

-

-

-

Sales

at

proceeds

-

(3,133)

-

-

(13,739)

(7,392,026)

-

-

Net

discounts

(premiums)

-

(46,234)

-

-

-

-

-

-

Transfers

into

54,594,962

-

-

-

-

-

-

-

Transfers

(out

of)

-

(8,690,048)

-

-

-

(200,000)

-

-

Balance

at

the

end

of

period

$54,594,962

$389,575

$41,241

$3,836,819

$469,700

$140

$16,496

$790,000

Change

in

net

unrealized

appreciation

(depreciation)

during

the

period

of

Level

3

securities

held

as

of

period

end

$13,633,216

$(1,093,539)

$(29,242)

$3,836,819

$25,901

$-

$(11,697)

$790,000

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

NVG

Municipal

Bonds

$63,333

Expected

Recovery

Recovery

Proceeds

100%

N/A

Common

Stocks

42,978,059

Enterprise

Value

EBITDA

Multiples

9.25-11.25

N/A

Total

$43,041,392

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

NZF

Municipal

Bonds

$17,784

Expected

Recovery

Recovery

Proceeds

100%

N/A

Common

Stocks

96,119,420

Enterprise

Value

EBITDA

Multiples

9.25-11.25

N/A

Total

$96,137,204

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

NMZ

Municipal

Bonds

$167,565

Expected

Recovery

Recovery

Proceeds

100%

N/A

Probability

Weighted

Expected

Recovery

Recovery

Proceeds

15.097%

N/A

Variable

Rate

Senior

Loan

Interests

57,737

Probability

Weighted

Expected

Recovery

Recovery

Proceeds

12.82%

N/A

Common

Stocks

47,719,191

Enterprise

Value

EBITDA

Multiples

9.25-11.25

N/A

Purchase

Cost

Cost

$150

N/A

Unfunded

Commitments

4,159,058

Comparable

Security

Yield

Spread

5.72%-5.96%

5.92%

Total

$52,103,551

203

The

table

below

presents

the

transfers

in

and

out

of

the

three

valuation

levels

for

the

Funds

as

of

the

end

of

the

reporting

period

when

compared

to

the

valuation

levels

at

the

end

of

the

previous

fiscal

year.

Changes

in

valuation

inputs

or

methodologies

may

result

in

transfers

into

or

out

of

an

assigned

level

within

the

fair

value

hierarchy.

Transfers

in

or

out

of

levels

are

generally

due

to

the

availability

of

publicly

available

information

and

to

the

significance

or

extent

the

Adviser

determines

that

the

valuation

inputs

or

methodologies

may

impact

the

valuation

of

those

securities.

4.

Portfolio

Securities

Inverse

Floating

Rate

Securities:

Each

Fund

is

authorized

to

invest

in

inverse

floating

rate

securities.

An

inverse

floating

rate

security

is

created

by

depositing

a

municipal

bond

(referred

to

as

an

“Underlying

Bond”),

typically

with

a

fixed

interest

rate,

into

a

special

purpose

tender

option

bond

(“TOB”)

trust

(referred

to

as

the

“TOB

Trust”)

created

by

or

at

the

direction

of

one

or

more

Funds.

In

turn,

the

TOB

Trust

issues

(a)

floating

rate

certificates

(referred

to

as

“Floaters”),

in

face

amounts

equal

to

some

fraction

of

the

Underlying

Bond’s

par

amount

or

market

value,

and

(b)

an

inverse

floating

rate

certificate

(referred

to

as

an

“Inverse

Floater”)

that

represents

all

remaining

or

residual

interest

in

the

TOB

Trust.

Floaters

typically

pay

short-term

tax-exempt

interest

rates

to

third

parties

who

are

also

provided

a

right

to

tender

their

certificate

and

receive

its

par

value,

which

may

be

paid

from

the

proceeds

of

a

remarketing

of

the

Floaters,

by

a

loan

to

the

TOB

Trust

from

a

third

party

liquidity

provider

(“Liquidity

Provider”),

or

by

the

sale

of

assets

from

the

TOB

Trust.

The

Inverse

Floater

is

issued

to

a

long

term

investor,

such

as

one

or

more

Funds.

The

income

received

by

the

Inverse

Floater

holder

varies

inversely

with

the

short-term

rate

paid

to

holders

of

the

Floaters,

and

in

most

circumstances

the

Inverse

Floater

holder

bears

substantially

all

of

the

Underlying

Bond’s

downside

investment

risk

and

also

benefits

disproportionately

from

any

potential

appreciation

of

the

Underlying

Bond’s

value.

The

value

of

an

Inverse

Floater

will

be

more

volatile

than

that

of

the

Underlying

Bond

because

the

interest

rate

is

dependent

on

not

only

the

fixed

coupon

rate

of

the

Underlying

Bond

but

also

on

the

short-term

interest

paid

on

the

Floaters,

and

because

the

Inverse

Floater

essentially

bears

the

risk

of

loss

(and

possible

gain)

of

the

greater

face

value

of

the

Underlying

Bond.

The

Inverse

Floater

held

by

a

Fund

gives

the

Fund

the

right

to

(a)

cause

the

holders

of

the

Floaters

to

tender

their

certificates

at

par

(or

slightly

more

than

par

in

certain

circumstances),

and

(b)

have

the

trustee

of

the

TOB

Trust

(the

“Trustee”)

transfer

the

Underlying

Bond

held

by

the

TOB

Trust

to

the

Fund,

thereby

collapsing

the

TOB

Trust.

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

NMCO

Municipal

Bonds

$389,575

Expected

Recovery

Recovery

Proceeds

100%

N/A

Probability

Weighted

Expected

Recovery

Recovery

Proceeds

15.097%

N/A

Variable

Rate

Senior

Loan

Interests

41,241

Probability

Weighted

Expected

Recovery

Recovery

Proceeds

12.82%

N/A

Common

Stocks

54,594,962

Enterprise

Value

EBITDA

Multiples

9.25-11.25

N/A

Unfunded

Commitments

3,836,819

Comparable

Security

Yield

Spread

5.72%-5.96%

5.92%

Total

$58,862,597

Fund

Asset

Class

Market

Value

Techniques

Unobservable

Inputs

Range

Weighted

Average

NDMO

Corporate

Bonds

$469,700

Comparable

Security

Yield

Spread

4.375%

N/A

Variable

Rate

Senior

Loan

Interests

16,496

Probability

Weighted

Expected

Recovery

Recovery

Proceeds

12.82%

N/A

Unfunded

Commitments

790,000

Comparable

Security

Yield

Spread

5.72%-5.96%

5.92%

Total

$1,276,196

Level

1

Level

2

Level

3

Transfers

In

(Transfers

Out)

Transfers

In

(Transfers

Out)

Transfers

In

(Transfers

Out)

NVG

Common

Stocks

$-

$-

$-

$(42,978,059)

$42,978,059

$-

NZF

Common

Stocks

$-

$-

$-

$(96,119,420)

$96,119,420

$-

NMZ

Municipal

Bonds

$-

$-

$8,559,057

$-

$-

$(8,559,057)

Common

Stocks

$-

$-

$-

(47,713,341)

47,713,341

$-

NMCO

Municipal

Bonds

$-

$-

$8,690,048

$-

$-

$(8,690,048)

Common

Stocks

$-

$-

$-

(54,594,962)

54,594,962

$-

NDMO

Municipal

Bonds

$-

$-

$200,000

$-

$-

$(200,000)

204

Notes

to

Financial

Statements

(Unaudited)

(continued)

The

Fund

may

acquire

an

Inverse

Floater

in

a

transaction

where

it

(a)

transfers

an

Underlying

Bond

that

it

owns

to

a

TOB

Trust

created

by

a

third

party

or

(b)

transfers

an

Underlying

Bond

that

it

owns,

or

that

it

has

purchased

in

a

secondary

market

transaction

for

the

purpose

of

creating

an

Inverse

Floater,

to

a

TOB

Trust

created

at

its

direction,

and

in

return

receives

the

Inverse

Floater

of

the

TOB

Trust

(referred

to

as

a

“self-deposited

Inverse

Floater”).

A

Fund

may

also

purchase

an

Inverse

Floater

in

a

secondary

market

transaction

from

a

third

party

creator

of

the

TOB

Trust

without

first

owning

the

Underlying

Bond

(referred

to

as

an

“externally-deposited

Inverse

Floater”).

An

investment

in

a

self-deposited

Inverse

Floater

is

accounted

for

as

a

“financing”

transaction

(i.e.,

a

secured

borrowing).

For

a

self-deposited

Inverse

Floater,

the

Underlying

Bond

deposited

into

the

TOB

Trust

is

identified

in

the

Fund’s

Portfolio

of

Investments

as

“(UB)

–

Underlying

bond

of

an

inverse

floating

rate

trust

reflected

as

a

financing

transaction,”

with

the

Fund

recognizing

as

liabilities,

labeled

“Floating

rate

obligations”

on

the

Statement

of

Assets

and

Liabilities,

(a)

the

liquidation

value

of

Floaters

issued

by

the

TOB

Trust,

and

(b)

the

amount

of

any

borrowings

by

the

TOB

Trust

from

a

Liquidity

Provider

to

enable

the

TOB

Trust

to

purchase

outstanding

Floaters

in

lieu

of

a

remarketing.

In

addition,

the

Fund

recognizes

in

“Investment

Income”

the

entire

earnings

of

the

Underlying

Bond,

and

recognizes

(a)

the

interest

paid

to

the

holders

of

the

Floaters

or

on

the

TOB

Trust’s

borrowings,

and

(b)

other

expenses

related

to

remarketing,

administration,

trustee,

liquidity

and

other

services

to

a

TOB

Trust,

as

a

component

of

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

Earnings

due

from

the

Underlying

Bond

and

interest

due

to

the

holders

of

the

Floaters

as

of

the

end

of

the

reporting

period

are

recognized

as

components

of

“Receivable

for

interest”

and

“Payable

for

interest”

on

the

Statement

of

Assets

and

Liabilities,

respectively.

In

contrast,

an

investment

in

an

externally-deposited

Inverse

Floater

is

accounted

for

as

a

purchase

of

the

Inverse

Floater

and

is

identified

in

the

Fund’s

Portfolio

of

Investments

as

“(IF)

–

Inverse

floating

rate

investment.”

For

an

externally-deposited

Inverse

Floater,

a

Fund’s

Statement

of

Assets

and

Liabilities

recognizes

the

Inverse

Floater

and

not

the

Underlying

Bond

as

an

asset,

and

the

Fund

does

not

recognize

the

Floaters,

or

any

related

borrowings

from

a

Liquidity

Provider,

as

a

liability.

Additionally,

the

Fund

reflects

in

“Investment

Income”

only

the

net

amount

of

earnings

on

the

Inverse

Floater

(net

of

the

interest

paid

to

the

holders

of

the

Floaters

or

the

Liquidity

Provider

as

lender,

and

the

expenses

of

the

Trust),

and

does

not

show

the

amount

of

that

interest

paid

or

the

expenses

of

the

TOB

Trust

as

described

above

as

interest

expense

on

the

Statement

of

Operations.

Fees

paid

upon

the

creation

of

a

TOB

Trust

for

self-deposited

Inverse

Floaters

and

externally-deposited

Inverse

Floaters

are

recognized

as

part

of

the

cost

basis

of

the

Inverse

Floater

and

are

capitalized

over

the

term

of

the

TOB

Trust.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

Floaters

issued

by

each

Fund’s

TOB

Trust

for

self-deposited

Inverse

Floaters

and

externally-deposited

Inverse

Floaters

was

as

follows:

During

the

current

fiscal

period,

the

average

amount

of

Floaters

(including

any

borrowings

from

a

Liquidity

Provider)

outstanding,

and

the

average

annual

interest

rates

and

fees

related

to

self-deposited

Inverse

Floaters,

were

as

follows:

TOB

Trusts

are

supported

by

a

liquidity

facility

provided

by

a

Liquidity

Provider

pursuant

to

which

the

Liquidity

Provider

agrees,

in

the

event

that

Floaters

are

(a)

tendered

to

the

Trustee

for

remarketing

and

the

remarketing

does

not

occur,

or

(b)

subject

to

mandatory

tender

pursuant

to

the

terms

of

the

TOB

Trust

agreement,

to

either

purchase

Floaters

or

to

provide

the

Trustee

with

an

advance

from

a

loan

facility

to

fund

the

purchase

of

Floaters

by

the

TOB

Trust.

In

certain

circumstances,

the

Liquidity

Provider

may

otherwise

elect

to

have

the

Trustee

sell

the

Underlying

Bond

to

retire

the

Floaters

that

were

tendered

and

not

remarketed

prior

to

providing

such

a

loan.

In

these

circumstances,

the

Liquidity

Provider

remains

obligated

to

provide

a

loan

to

the

extent

that

the

proceeds

of

the

sale

of

the

Underlying

Bond

are

not

sufficient

to

pay

the

purchase

price

of

the

Floaters.

Fund

Floating

Rate

Obligations:

Self-

Deposited

Inverse

Floaters

Floating

Rate

Obligations:

Externally-Deposited

Inverse

Floaters

Total

NVG

$

206,715,000

$

8,160,000

$

214,875,000

NZF

379,165,000

11,080,000

390,245,000

NMZ

430,708,000

11,290,000

441,998,000

NMCO

26,175,000

—

26,175,000

NDMO

16,935,000

—

16,935,000

Fund

Average

Floating

Rate

Obligations

Outstanding

Average

Annual

Interest

Rate

And

Fees

NVG

$

207,557,726

3.88

%

NZF

376,834,236

3.67

NMZ

409,675,016

3.85

NMCO

21,850,041

4.04

NDMO

2,019,781

3.19

205

The

size

of

the

commitment

under

the

loan

facility

for

a

given

TOB

Trust

is

at

least

equal

to

the

balance

of

that

TOB

Trust’s

outstanding

Floaters

plus

any

accrued

interest.

In

consideration

of

the

loan

facility,

fee

schedules

are

in

place

and

are

charged

by

the

Liquidity

Provider(s).

Any

loans

made

by

the

Liquidity

Provider

will

be

secured

by

the

purchased

Floaters

held

by

the

TOB

Trust.

Interest

paid

on

any

outstanding

loan

balances

will

be

effectively

borne

by

the

Fund

that

owns

the

Inverse

Floaters

of

the

TOB

Trust

that

has

incurred

the

borrowing

and

may

be

at

a

rate

that

is

greater

than

the

rate

that

would

have

been

paid

had

the

Floaters

been

successfully

remarketed.

As

described

above,

any

amounts

outstanding

under

a

liquidity

facility

are

recognized

as

a

component

of

“Floating

rate

obligations”

on

the

Statement

of

Assets

and

Liabilities

by

the

Fund

holding

the

corresponding

Inverse

Floaters

issued

by

the

borrowing

TOB

Trust.

As

of

the

end

of

the

reporting

period,

there

were

no

loans

outstanding

under

any

such

facility.

Each

Fund

may

also

enter

into

shortfall

and

forbearance

agreements

(sometimes

referred

to

as

a

“recourse

arrangement”)

(TOB

Trusts

involving

such

agreements

are

referred

to

herein

as

“Recourse

Trusts”),

under

which

a

Fund

agrees

to

reimburse

the

Liquidity

Provider

for

the

Trust’s

Floaters,

in

certain

circumstances,

for

the

amount

(if

any)

by

which

the

liquidation

value

of

the

Underlying

Bond

held

by

the

TOB

Trust

may

fall

short

of

the

sum

of

the

liquidation

value

of

the

Floaters

issued

by

the

TOB

Trust

plus

any

amounts

borrowed

by

the

TOB

Trust

from

the

Liquidity

Provider,

plus

any

shortfalls

in

interest

cash

flows

(sometimes

referred

to

as

“shortfall

payments”).

Under

these

agreements,

a

Fund’s

potential

exposure

to

losses

related

to

or

on

an

Inverse

Floater

may

increase

beyond

the

value

of

the

Inverse

Floater

as

a

Fund

may

potentially

be

liable

to

fulfill

all

amounts

owed

to

holders

of

the

Floaters

or

the

Liquidity

Provider.

Any

such

shortfall

amount

in

the

aggregate

is

recognized

as

“Unrealized

depreciation

on

Recourse

Trusts”

on

the

Statement

of

Assets

and

Liabilities.

As

of

the

end

of

the

current

fiscal

period,

the

Funds

maximum

exposure

to

the

Floaters

issued

by

Recourse

Trusts

for

self-deposited

Inverse

Floaters

and

externally-deposited

Inverse

Floaters

was

as

follows:

Zero

Coupon

Securities:

A

zero

coupon

security

does

not

pay

a

regular

interest

coupon

to

its

holders

during

the

life

of

the

security.

Income

to

the

holder

of

the

security

comes

from

accretion

of

the

difference

between

the

original

purchase

price

of

the

security

at

issuance

and

the

par

value

of

the

security

at

maturity

and

is

effectively

paid

at

maturity.

The

market

prices

of

zero

coupon

securities

generally

are

more

volatile

than

the

market

prices

of

securities

that

pay

interest

periodically.

Purchases

and

Sales:

Long-term

purchases

and

sales

during

the

current

fiscal

period

were

as

follows:

The

Fund

may

purchase

securities

on

a

when-issued

or

delayed-delivery

basis.

Securities

purchased

on

a

when-issued

or

delayed-delivery

basis

may

have

extended

settlement

periods;

interest

income

is

not

accrued

until

settlement

date.

Any

securities

so

purchased

are

subject

to

market

fluctuation

during

this

period.

If the

Fund

has

outstanding

when-issued/delayed-delivery

purchases

commitments

as

of

the

end

of

the

reporting

period,

such

amounts

are

recognized

on

the

Statement

of

Assets

and

Liabilities. The

Fund has

invested

in

an

unfunded

commitment,

in

which,

the

Fund

assumes

the

rights

and

risks

of

ownership

of

the

security,

including

the

risk

of

price

and

yield

fluctuations.

In

the

event

of

default

by

the

counterparty,

the

Fund’s

maximum

amount

of

loss

is

the

unrealized

appreciation

of

the

unsettled

transaction. Any

unrealized

appreciation

(depreciation)

for

an

unfunded

commitment

is

separately

presented

on

the

Statements

of

Assets

and

Liabilities.

An

unfunded

commitment

is

priced

at

its

fair

market

value

and

any

unrealized

appreciation

(depreciation)

is

separately

presented

on

the

Statement

of

Asset

and

Liabilities.

Fund

Maximum

Exposure

to

Recourse

Trusts:

Self-Deposited

Inverse

Floaters

Maximum

Exposure

to

Recourse

Trusts:

Externally-Deposited

Inverse

Floaters

Total

NVG

$

204,655,000

$

—

$

204,655,000

NZF

373,520,000

11,080,000

384,600,000

NMZ

430,708,000

11,290,000

441,998,000

NMCO

26,175,000

—

26,175,000

NDMO

16,935,000

—

16,935,000

Fund

Non-U.S.

Government

Purchases

U.S.

Government

Purchases

Non-U.S.

Government

Sales

and

Maturities

U.S.

Government

Sales

NVG

$

466,413,643

$

—

$

459,288,866

$

—

NZF

366,976,454

—

406,040,814

—

NMZ

287,572,918

—

313,033,121

—

NMCO

173,597,721

—

271,376,311

—

NDMO

324,929,460

40,897,149

407,0

54,552

8,826,328

Fund

Asset

Class

Principal

Amount

Value

Unrealized

Appreciation

(Depreciation)

NMZ

Unfunded

Commitments

$31,837,445

$4,159,058

$4,159,058

NMCO

Unfunded

Commitments

29,735,620

3,836,819

3,836,819

NDMO

Unfunded

Commitments

6,112,930

790,000

790,000

206

Notes

to

Financial

Statements

(Unaudited)

(continued)

5.

Derivative

Investments

Each

Fund

is

authorized

to

invest

in

certain

derivative

instruments.

As

defined

by

U.S.

GAAP,

a

derivative

is

a

financial

instrument

whose

value

is

derived

from

an

underlying

security

price,

foreign

exchange

rate,

interest

rate,

index

of

prices

or

rates,

or

other

variables.

Investments

in

derivatives

as

of

the

end

of

and/or

during

the

current

fiscal

period,

if

any,

are

included

within

the

Statement

of

Assets

and

Liabilities

and

the

Statement

of

Operations,

respectively.

Market

and

Counterparty

Credit

Risk:

In

the

normal

course

of

business

each

Fund

may

invest

in

financial

instruments

and

enter

into

financial

transactions

where

risk

of

potential

loss

exists

due

to

changes

in

the

market

(market

risk)

or

failure

of

the

other

party

to

the

transaction

to

perform

(counterparty

credit

risk).

The

potential

loss

could

exceed

the

value

of

the

financial

assets

recorded

on

the

financial

statements.

Financial

assets,

which

potentially

expose

each

Fund

to

counterparty

credit

risk,

consist

principally

of

cash

due

from

counterparties

on

forward,

option

and

swap

transactions,

when

applicable.

The

extent

of

each

Fund’s

exposure

to

counterparty

credit

risk

in

respect

to

these

financial

assets

approximates

their

carrying

value

as

recorded

on

the

Statement

of

Assets

and

Liabilities.

Each

Fund

helps

manage

counterparty

credit

risk

by

entering

into

agreements

only

with

counterparties

the

Adviser

believes

have

the

financial

resources

to

honor

their

obligations

and

by

having

the

Adviser

monitor

the

financial

stability

of

the

counterparties.

Additionally,

counterparties

may

be

required

to

pledge

collateral

daily

(based

on

the

daily

valuation

of

the

financial

asset)

on

behalf

of

each

Fund

with

a

value

approximately

equal

to

the

amount

of

any

unrealized

gain

above

a

pre-determined

threshold.

Reciprocally,

when

each

Fund

has

an

unrealized

loss,

the

Funds

have

instructed

the

custodian

to

pledge

assets

of

the

Funds

as

collateral

with

a

value

approximately

equal

to

the

amount

of

the

unrealized

loss

above

a

pre-determined

threshold.

Collateral

pledges

are

monitored

and

subsequently

adjusted

if

and

when

the

valuations

fluctuate,

either

up

or

down,

by

at

least

the

pre-determined

threshold

amount.

6.

Fund

Shares

Common

Shares

Equity

Shelf

Programs

and

Offering

Costs:

The

following

Funds

have

filed

a

registration

statement

with

the

Securities

and

Exchange

Commission

(“SEC”)

authorizing each

Fund

to

issue

additional

common

shares

through

one

or

more

equity

shelf

programs

(“Shelf

Offering”),

which

became

effective

with

the

SEC

during

prior

fiscal

periods.

Under

this

Shelf

Offering,

the

Funds,

subject

to

market

conditions,

may

raise

additional

equity

capital

by

issuing

additional

common

shares

from

time

to

time

in

varying

amounts

and

by

different

offering

methods

at

a

net

price

at

or

above each

Fund’s

NAV

per

common

share.

In

the

event

the

Fund’s

Shelf

Offering

registration

statement

is

no

longer

current,

the

Fund

may

not

issue

additional

common

shares

until

a

post-effective

amendment

to

the

registration

statement

has

been

filed

with

the

SEC.

Maximum

aggregate

offering,

common

shares

sold

and

offering

proceeds,

net

of

offering

costs

under

each

Fund’s

Shelf

Offering

during

the

Funds’

current

and

prior

fiscal

period

were

as

follows:

NVG

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Maximum

aggregate

offering

Unlimited

Unlimited

Common

shares

sold

–

–

Offering

proceeds,

net

of

offering

costs

$–

$–

NMZ

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Maximum

aggregate

offering

Unlimited

Unlimited

Common

shares

sold

–

904,034

Offering

proceeds,

net

of

offering

costs

$721

$9,590,166

NMCO

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Maximum

aggregate

offering

$90,000,000

$90,000,000

Common

shares

sold

–

30,416

Offering

proceeds,

net

of

offering

costs

$–

$357,037

NDMO

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Maximum

aggregate

offering

$250,000,000

$250,000,000

Common

shares

sold

–

–

Offering

proceeds,

net

of

offering

costs

$661

$–

207

Costs

incurred

by

the

Funds

in

connection

with their

initial

shelf

registrations

are

recorded

as

a

prepaid

expense

and

recognized

as

“Deferred

offering

costs”

on

the

Statement

of

Assets

and

Liabilities.

These

costs

are

amortized

pro

rata

as

common

shares

are

sold

and

are

recognized

as

a

component

of

“Proceeds

from

shelf

offering,

net

of

offering

costs”

on

the

Statement

of

Changes

in

Net

Assets.

Any

deferred

offering

costs

remaining

after

the

effectiveness

of

the

initial

shelf

registration

will

be

expensed.

Costs

incurred

by

the

Fund

to

keep

the

shelf

registration

current

are

expensed

as

incurred

and

recognized

as

a

component

of

“Other

expenses”

on

the

Statement

of

Operations.

Common Share

Transactions:

Transactions

in common

shares

for

the

Funds

during

the

Funds’

current

and

prior

fiscal

period,

where

applicable,

were

as

follows:

Preferred

Shares

Adjustable

Rate

MuniFund

Term

Preferred

Shares:

NMZ

has

issued

and

has

outstanding

Adjustable

Rate

MuniFund

Term

Preferred

(“AMTP”)

Shares,

with

a

$100,000

liquidation

preference

per

share.

AMTP

Shares

are

issued

via

private

placement

and

are

not

publicly

available.

As

of

the

end

of

the

reporting

period,

NMZ

had

$356,555,732

AMTP

Shares

at

liquidation

preference,

net

of

deferred

offering

costs.

Further

details

of

the

Fund’s

AMTP

Shares

outstanding

as

of

the

end

of

the

reporting

period,

were

as

follows:

The

Fund

is

obligated

to

redeem

its

AMTP

Shares

by

the

date

as

specified

in

its

offering

document

(“Term

Redemption

Date”),

unless

earlier

redeemed

by

the

Fund.

AMTP

Shares

are

subject

to

optional

and

mandatory

redemption

in

certain

circumstances.

The

AMTP

Shares

may

be

redeemed

at

the

option

of

the

Fund,

subject

to

payment

of

premium

for

approximately

six

months

following

the

date

of

issuance

(“Premium

Expiration

Date”),

and

at

the

redemption

price

per

share

thereafter.

The

redemption

price

per

share

is

equal

to

the

sum

of

the

liquidation

preference

per

share

plus

any

accumulated

but

unpaid

dividends.

AMTP

Shares

are

short-term

or

short/intermediate-term

instruments

that

pay

a

variable

dividend

rate

tied

to

a

short-term

index,

plus

an

additional

fixed

“spread”

amount

which

is

initially

established

at

the

time

of

issuance

and

may

be

adjusted

in

the

future

based

upon

a

mutual

agreement

between

the

majority

owner

and

the

Fund.

From

time-to-time

the

majority

owner

may

propose

to

the

Fund

an

adjustment

to

the

dividend

rate.

Should

the

majority

owner

and

the

Fund

fail

to

agree

upon

an

adjusted

dividend

rate,

and

such

proposed

dividend

rate

adjustment

is

not

withdrawn,

the

Fund

will

be

required

to

redeem

all

outstanding

shares

upon

the

end

of

a

notice

period.

NZF

NMZ

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Common

Shares:

Issued

in

the

Reorganization/Merger

—

28,358,649

—

—

Sold

through

shelf

offering

—

—

—

904,034

Issued

to

shareholders

due

to

reinvestment

of

distributions

—

—

—

10,000

Repurchased

and

retired

—

(20,000)

—

—

Total

—

28,338,649

—

914,034

Weighted

average

common

share:

Price

per

share

repurchased

and

retired

$–

$10.72

$–

$–

Discount

per

share

repurchased

and

retired

–%

(17.50)%

–%

–%

Premium

to

NAV

per

shelf

offering

common

share

sold

–

–

–

1.23

NMCO

NDMO

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Six

Months

Ended

4/30/24

Year

Ended

10/31/23

Common

Shares:

Sold

through

shelf

offering

—

30,416

—

—

Issued

to

shareholders

due

to

reinvestment

of

distributions

—

—

—

96,978

Total

—

30,416

—

96,978

Weighted

average

common

share:

Premium

to

NAV

per

shelf

offering

common

share

sold

–%

1.12%

–%

–%

Fund

Series

Shares

Outstanding

Liquidation

Preference

NMZ

2028

870

$87,000,000

2031

1,700

$170,000,000

2032

1,000

$100,000,000

208

Notes

to

Financial

Statements

(Unaudited)

(continued)

In

addition,

the

Fund

may

be

obligated

to

redeem

a

certain

amount

of

the

AMTP

Shares

if

the

Fund

fails

to

maintain

certain

asset

coverage

and

leverage

ratio

requirements

and

such

failures

are

not

cured

by

the

applicable

cure

date.

The

Term

Redemption

Date

and

Premium

Expiration

Date

for

the

Fund’s

AMTP

Shares

are

as

follows:

The

average

liquidation

preference

of

AMTP

Shares

outstanding

and

annualized

dividend

rate

for

the

Fund

during

the

current

fiscal

period

were

as

follows:

AMTP

Shares

are

subject

to

restrictions

on

transfer,

generally

do

not

trade,

and

market

quotations

are

generally

not

available.

The

fair

value

of

AMTP

Shares

is

expected

to

be

approximately

their

liquidation

preference

so

long

as

the

fixed

“spread”

on

the

AMTP

Shares

remains

roughly

in

line

with

the

“spread”

being

demanded

by

investors

on

instruments

having

similar

terms

in

the

current

market

environment.

In

present

market

conditions,

the

Fund's

Adviser

has

determined

that

the

fair

value

of

AMTP

Shares

is

approximately

their

liquidation

preference,

but

their

fair

value

could

vary

if

market

conditions

change

materially.

For

financial

reporting

purposes,

the

liquidation

preference

of

AMTP

Shares

is

a

liability

and

is

recognized

as

a

component

of

“AMTP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities.

AMTP

Share

dividends

are

treated

as

interest

payments

for

financial

reporting

purposes.

Unpaid

dividends

on

AMTP

Shares

are

recognized

as

a

component

of

“Payable

for

interest”

on

the

Statement

of

Assets

and

Liabilities.

Dividends

accrued

on

AMTP

Shares

are

recognized

as

a

component

of

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

Costs

incurred

in

connection

with

the

Fund’s

offering

of

AMTP

Shares

were

recorded

as

deferred

charges,

which

are

amortized

over

the

life

of

the

shares

and

are

recognized

as

components

of

“AMTP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities

and

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

MuniFund

Preferred

Shares:

NVG,

NZF,

NMCO

and

NDMO

have

issued

and

have

outstanding

MuniFund

Preferred

(“MFP”)

Shares,

with

a

$100,000

($1,000

for

NVG's

Series

B

and

Series

C)

liquidation

preference

per

share.

These

MFP

Shares

were

issued

via

private

placement

and

are

not

publicly

available.

The

Funds

are

obligated

to

redeem

their

MFP

Shares

by

the

date

as

specified

in

its

offering

documents

(“Term

Redemption

Date”),

unless

earlier

redeemed

by

the

Funds.

MFP

Shares

are

initially

issued

in

a

pre-specified

mode,

however,

MFP

Shares

can

be

subsequently

designated

as

an

alternative

mode

at

a

later

date

at

the

discretion

of

the

Funds.

The

modes

within

MFP

Shares

detail

the

dividend

mechanics

and

are

described

as

follows.

At

a

subsequent

date,

the

Funds

may

establish

additional

mode

structures

with

the

MFP

Share.

•

Variable

Rate

Remarketed

Mode

(“VRRM”)

–

Dividends

for

MFP

Shares

within

this

mode

will

be

established

by

a

remarketing

agent;

therefore,

market

value

of

the

MFP

Shares

is

expected

to

approximate

its

liquidation

preference.

Shareholders

have

the

ability

to

request

a

best-efforts

tender

of

its

shares

upon

seven

days

notice.

If

the

remarketing

agent

is

unable

to

identify

an

alternative

purchaser,

the

shares

will

be

retained

by

the

shareholder

requesting

tender

and

the

subsequent

dividend

rate

will

increase

to

its

step-up

dividend

rate.

If

after

one

consecutive

year

of

unsuccessful

remarketing

attempts,

the

Fund

will

be

required

to

designate

an

alternative

mode

or

redeem

the

shares.

Each

Fund

will

pay

a

remarketing

fee

on

the

aggregate

principal

amount

of

all

MFP

Shares

while

designated

in

VRRM.

Payments

made

by

the

Fund

to

the

remarketing

agent

are

recognized

as

“Remarketing

fees”

on

the

Statement

of

Operations.

•

Variable

Rate

Mode

(“VRM”)

–

Dividends

for

MFP

Shares

designated

in

this

mode

are

based

upon

a

short-term

index

plus

an

additional

fixed

“spread”

amount

established

at

the

time

of

issuance

or

renewal

/

conversion

of

its

mode.

At

the

end

of

the

period

of

the

mode,

the

Fund

will

be

required

to

either

extend

the

term

of

the

mode,

designate

an

alternative

mode

or

redeem

the

MFP

Shares.

The

fair

value

of

MFP

Shares

while

in

VRM

are

expected

to

approximate

their

liquidation

preference

so

long

as

the

fixed

“spread”

on

the

shares

remains

roughly

in

line

with

the

“spread”

being

demanded

by

investors

on

instruments

having

similar

terms

in

the

current

market.

During

the

current

reporting

period,

the

Adviser

has

determined

that

the

fair

value

of

the

shares

approximated

their

liquidation

preference.

Fund

Notice

Period

Series

Term

Redemption

Date

Premium

Expiration

Date

NMZ

360-day

2028

March

1,

2028*

August

31,

2018

360-day

2031

April

1,

2031*

April

17,

2023

360-day

2032

June

1,

2032*

June

8,

2023

*

Subject

to

early

termination

by

either

the

Fund

or

the

holder.

Fund

Average

Liquidation

Preference

of

AMTP

Shares

Outstanding

Annualized

Dividend

Rate

NMZ

$

357,000,00

0

4.

%

209

In

addition,

the

Fund

may

be

obligated

to

redeem

a

certain

amount

of

the

AMTP

Shares

if

the

Fund

fails

to

maintain

certain

asset

coverage

and

leverage

ratio

requirements

and

such

failures

are

not

cured

by

the

applicable

cure

date.

The

Term

Redemption

Date

and

Premium

Expiration

Date

for

the

Fund’s

AMTP

Shares

are

as

follows:

The

average

liquidation

preference

of

AMTP

Shares

outstanding

and

annualized

dividend

rate

for

the

Fund

during

the

current

fiscal

period

were

as

follows:

AMTP

Shares

are

subject

to

restrictions

on

transfer,

generally

do

not

trade,

and

market

quotations

are

generally

not

available.

The

fair

value

of

AMTP

Shares

is

expected

to

be

approximately

their

liquidation

preference

so

long

as

the

fixed

“spread”

on

the

AMTP

Shares

remains

roughly

in

line

with

the

“spread”

being

demanded

by

investors

on

instruments

having

similar

terms

in

the

current

market

environment.

In

present

market

conditions,

the

Fund's

Adviser

has

determined

that

the

fair

value

of

AMTP

Shares

is

approximately

their

liquidation

preference,

but

their

fair

value

could

vary

if

market

conditions

change

materially.

For

financial

reporting

purposes,

the

liquidation

preference

of

AMTP

Shares

is

a

liability

and

is

recognized

as

a

component

of

“AMTP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities.

AMTP

Share

dividends

are

treated

as

interest

payments

for

financial

reporting

purposes.

Unpaid

dividends

on

AMTP

Shares

are

recognized

as

a

component

of

“Payable

for

interest”

on

the

Statement

of

Assets

and

Liabilities.

Dividends

accrued

on

AMTP

Shares

are

recognized

as

a

component

of

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

Costs

incurred

in

connection

with

the

Fund’s

offering

of

AMTP

Shares

were

recorded

as

deferred

charges,

which

are

amortized

over

the

life

of

the

shares

and

are

recognized

as

components

of

“AMTP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities

and

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

MuniFund

Preferred

Shares:

NVG,

NZF,

NMCO

and

NDMO

have

issued

and

have

outstanding

MuniFund

Preferred

(“MFP”)

Shares,

with

a

$100,000

($1,000

for

NVG's

Series

B

and

Series

C)

liquidation

preference

per

share.

These

MFP

Shares

were

issued

via

private

placement

and

are

not

publicly

available.

The

Funds

are

obligated

to

redeem

their

MFP

Shares

by

the

date

as

specified

in

its

offering

documents

(“Term

Redemption

Date”),

unless

earlier

redeemed

by

the

Funds.

MFP

Shares

are

initially

issued

in

a

pre-specified

mode,

however,

MFP

Shares

can

be

subsequently

designated

as

an

alternative

mode

at

a

later

date

at

the

discretion

of

the

Funds.

The

modes

within

MFP

Shares

detail

the

dividend

mechanics

and

are

described

as

follows.

At

a

subsequent

date,

the

Funds

may

establish

additional

mode

structures

with

the

MFP

Share.

•

Variable

Rate

Remarketed

Mode

(“VRRM”)

–

Dividends

for

MFP

Shares

within

this

mode

will

be

established

by

a

remarketing

agent;

therefore,

market

value

of

the

MFP

Shares

is

expected

to

approximate

its

liquidation

preference.

Shareholders

have

the

ability

to

request

a

best-efforts

tender

of

its

shares

upon

seven

days

notice.

If

the

remarketing

agent

is

unable

to

identify

an

alternative

purchaser,

the

shares

will

be

retained

by

the

shareholder

requesting

tender

and

the

subsequent

dividend

rate

will

increase

to

its

step-up

dividend

rate.

If

after

one

consecutive

year

of

unsuccessful

remarketing

attempts,

the

Fund

will

be

required

to

designate

an

alternative

mode

or

redeem

the

shares.

Each

Fund

will

pay

a

remarketing

fee

on

the

aggregate

principal

amount

of

all

MFP

Shares

while

designated

in

VRRM.

Payments

made

by

the

Fund

to

the

remarketing

agent

are

recognized

as

“Remarketing

fees”

on

the

Statement

of

Operations.

•

Variable

Rate

Mode

(“VRM”)

–

Dividends

for

MFP

Shares

designated

in

this

mode

are

based

upon

a

short-term

index

plus

an

additional

fixed

“spread”

amount

established

at

the

time

of

issuance

or

renewal

/

conversion

of

its

mode.

At

the

end

of

the

period

of

the

mode,

the

Fund

will

be

required

to

either

extend

the

term

of

the

mode,

designate

an

alternative

mode

or

redeem

the

MFP

Shares.

The

fair

value

of

MFP

Shares

while

in

VRM

are

expected

to

approximate

their

liquidation

preference

so

long

as

the

fixed

“spread”

on

the

shares

remains

roughly

in

line

with

the

“spread”

being

demanded

by

investors

on

instruments

having

similar

terms

in

the

current

market.

During

the

current

reporting

period,

the

Adviser

has

determined

that

the

fair

value

of

the

shares

approximated

their

liquidation

preference.

Fund

Notice

Period

Series

Term

Redemption

Date

Premium

Expiration

Date

NMZ

360-day

2028

March

1,

2028*

August

31,

2018

360-day

2031

April

1,

2031*

April

17,

2023

360-day

2032

June

1,

2032*

June

8,

2023

*

Subject

to

early

termination

by

either

the

Fund

or

the

holder.

Fund

Average

Liquidation

Preference

of

AMTP

Shares

Outstanding

Annualized

Dividend

Rate

NMZ

$

357,000,00

0

4.

%

•

Variable

Rate

Demand

Mode

(“VRDM”)

–

Dividends

for

MFP

Shares

designated

in

this

mode

will

be

established

by

a

remarketing

agent;

therefore,

the

market

value

of

the

MFP

Shares

is

expected

to

approximate

its

liquidation

preference.

While

in

this

mode,

shares

will

have

an

unconditional

liquidity

feature

that

enable

its

shareholders

to

require

a

liquidity

provider,

which

the

Fund

has

entered

into

a

contractual

agreement,

to

purchase

shares

in

the

event

that

the

shares

are

not

able

to

be

successfully

remarketed.

In

the

event

that

shares

within

this

mode

are

unable

to

be

successfully

remarketed

and

are

purchased

by

the

liquidity

provider,

the

dividend

rate

will

be

the

maximum

rate

which

is

designed

to

escalate

according

to

a

specified

schedule

in

order

to

enhance

the

remarketing

agent’s

ability

to

successfully

remarket

the

shares.

Each

Fund

is

required

to

redeem

any

shares

that

are

still

owned

by

a

liquidity

provider

after

six

months

of

continuous,

unsuccessful

remarketing.

The

Fund

will

pay

a

liquidity

and

remarketing

fee

on

the

aggregate

principal

amount

of

all

MFP

shares

while

within

VRDM.

Payments

made

by

the

Fund

to

the

liquidity

provider

and

remarketing

agent

are

recognized

as

“Liquidity

fees”

and

“Remarketing

fees”,

respectively,

on

the

Statement

Operations.

For

financial

reporting

purposes,

the

liquidation

preference

of

MFP

Shares

is

recorded

as

a

liability

and

is

recognized

as

a

component

of

“MFP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities.

Dividends

on

the

MFP

shares

are

treated

as

interest

payments

for

financial

reporting

purposes.

Unpaid

dividends

on

MFP

shares

are

recognized

as

a

component

on

“Payable

for

interest”

on

the

Statement

of

Assets

and

Liabilities.

Dividends

accrued

on

MFP

Shares

are

recognized

as

a

component

of

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

Subject

to

certain

conditions,

MFP

Shares

may

be

redeemed,

in

whole

or

in

part,

at

any

time

at

the

option

of

the

Fund.

The

Fund

may

also

be

required

to

redeem

certain

MFP

Shares

if

the

Fund

fails

to

maintain

certain

asset

coverage

requirements

and

such

failures

are

not

cured

by

the

applicable

cure

date.

The

redemption

price

per

share

in

all

circumstances

is

equal

to

the

liquidation

preference

per

share

plus

any

accumulated

but

unpaid

dividends.

Costs

incurred

in

connection

with

the

Fund’s

offering

of

MFP

Shares

were

recorded

as

a

deferred

charge

and

are

being

amortized

over

the

life

of

the

shares.

These

offering

costs

are

recognized

as

a

component

of

“MFP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities

and

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

As

of

the

end

of

the

reporting

period,

NVG,

NZF,

NMCO

and

NDMO

had

$515,698,055,

$640,137,836,

$414,229,844

and

$239,633,946

of

MFP

Shares

at

liquidation

preference,

net

of

deferred

offering

costs,

respectively.

Further

details

of

each

Fund’s

MFP

Shares

outstanding

as

of

the

end

of

the

reporting

period,

were

as

follows:

The

average

liquidation

preference

of

MFP

Shares

outstanding

and

annualized

dividend

rate

for

the

Funds

during

the

current

fiscal

period

were

as

follows:

Variable

Rate

Demand

Preferred

Shares:

The

following

Funds

have

issued

and

have

outstanding

Variable

Rate

Demand

Preferred

(“VRDP”)

Shares,

with

a

$100,000

liquidation

preference

per

share.

VRDP

Shares

are

issued

via

private

placement

and

are

not

publicly

available.

Fund

Series

Shares

Outstanding

Liquidation

Preference

Term

Redemption

Date

Mode

Mode

Termination

Date

NVG

A

674

$67,400,000

January

3,

2028

VRM

January

3,

2028*

B

200,000

$200,000,000

March

1,

2029

VRRM

March

1,

2029

C

250,000

$250,000,000

December

1,

2031

VRRM

December

1,

2031

NZF

A

1,500

$150,000,000

May

1,

2047

VRM

April

30,

2025

B

1,550

$155,000,000

February

3,

2048

VRM

February

3,

2048*

C

3,360

$336,000,000

June

1,

2048

VRM

N/A

NMCO

A

1,000

$100,000,000

October

1,

2031

VRDM

N/A

B

2,050

$205,000,000

October

1,

2031

VRM

December

1,

2024

C

1,100

$110,000,000

October

1,

2031

VRM

May

16,

2025

NDMO

A

2,400

$240,000,000

September

1,

2032

VRM

September

1,

2032

*

Subject

to

earlier

termination

by

either

the

Fund

or

the

holder.

Fund

Average

Liquidation

Preference

of

MFP

Shares

Outstanding

Annualized

Dividend

Rate

NVG

$

517,400,000

%

%

NZF

641,000,000

4.38

NMCO

415,412,088

4.32

NDMO

240,000,000

4.43

210

Notes

to

Financial

Statements

(Unaudited)

(continued)

As

of

the

end

of

the

reporting

period,

NVG

and

NZF

had

$1,233,990,758

and

$673,652,507

VRDP

Shares

at

liquidation

preference,

net

of

deferred

offering

costs,

respectively.

Further

details

of

the

Funds’

VRDP

Shares

outstanding

as

of

the

reporting

period,

were

as

follows:

VRDP

Shares

include

a

liquidity

feature

that

allows

VRDP

shareholders

to

have

their

shares

purchased

by

a

liquidity

provider

with

whom

each

Fund

has

contracted

in

the

event

that

VRDP

Shares

are

not

able

to

be

successfully

remarketed.

Each

Fund

is

required

to

redeem

any

VRDP

Shares

that

are

still

owned

by

the

liquidity

provider

after

six

months

of

continuous,

unsuccessful

remarketing.

Each

Fund

pays

an

annual

remarketing

fee

on

the

aggregate

principal

amount

of

all

VRDP

Shares

outstanding.

Each

Fund’s

VRDP

Shares

have

successfully

remarketed

since

issuance.

NZF’s

Series

1

and

Series

2

VRDP

Shares

are

considered

to

be

Special

Rate

VRDP,

which

are

sold

to

institutional

investors.

The

special

rate

period

will

expire

on

March

1,

2040

for

the

Fund’s

Series

1

and

2

VRDP

Shares,

but

is

subject

to

earlier

termination

by

either

the

Fund

or

the

holder.

During

the

special

rate

period,

the

VRDP

Shares

will

not

be

remarketed

by

a

remarketing

agent,

be

subject

to

optional

or

mandatory

tender

events,

or

be

supported

by

a

liquidity

provider

and

are

not

subject

to

remarketing

fees

or

liquidity

fees.

During

the

special

rate

period,

VRDP

dividends

will

be

set

monthly

as

a

floating

rate

based

on

the

predetermined

formula.

Following

the

initial

special

rate

period,

Special

Rate

Period

VRDP

Shares

may

transition

to

traditional

VRDP

Shares

with

dividends

set

at

weekly

remarketings,

and

be

supported

by

designated

liquidity

provider,

or

the

Board

may

approve

a

subsequent

special

rate

period.

Dividends

on

the

VRDP

Shares

(which

are

treated

as

interest

payments

for

financial

reporting

purposes)

are

set

at

a

rate

established

by

a

remarketing

agent;

therefore,

the

market

value

of

the

VRDP

Shares

is

expected

to

approximate

its

liquidation

preference.

In

the

event

that

VRDP

shares

are

unable

to

be

successfully

remarketed,

the

dividend

rate

will

be

the

maximum

rate

which

is

designed

to

escalate

according

to

a

specified

schedule

in

order

to

enhance

the

remarketing

agent’s

ability

to

successfully

remarket

the

VRDP

Shares.

Subject

to

certain

conditions,

VRDP

Shares

may

be

redeemed,

in

whole

or

in

part,

at

any

time

at

the

option

of

each

Fund.

Each

Fund

may

also

redeem

certain

of

the

VRDP

Shares

if

the

Fund

fails

to

maintain

certain

asset

coverage

requirements

and

such

failures

are

not

cured

by

the

applicable

cure

date.

The

redemption

price

per

share

is

equal

to

the

sum

of

the

liquidation

preference

per

share

plus

any

accumulated

but

unpaid

dividends.

The

average

liquidation

preference

of

VRDP

Shares

outstanding

and

annualized

dividend

rate

for

each

Fund

during

the

current

fiscal

period

were

as

follows:

For

financial

reporting

purposes,

the

liquidation

preference

of

VRDP

Shares

is

a

liability

and

is

recognized

as

a

component

of

“VRDP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities.

Unpaid

dividends

on

VRDP

Shares

are

recognized

as

a

component

of

“Payable

for

interest”

on

the

Statement

of

Assets

and

Liabilities,

when

applicable.

Dividends

accrued

on

VRDP

Shares

are

recognized

as

a

component

of

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

Costs

incurred

by

the

Funds

in

connection

with

their

offerings

of

VRDP

Shares

were

recorded

as

a

deferred

charge,

which

are

amortized

over

the

life

of

the

shares

and

are

recognized

as

a

component

of

“VRDP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities

and

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

In

addition

to

interest

expense,

each

Fund

may

also

pay

a

per

annum

liquidity

fee

to

the

liquidity

provider,

as

well

as

a

remarketing

fee,

which

are

recognized

as

“Liquidity

fees”

and

“Remarketing

fees,”

respectively,

on

the

Statement

of

Operations.

Preferred

Share

Transactions: 

Transactions

in

preferred

shares

during

the

Funds'

current

and

prior

fiscal

period,

where

applicable,

are

noted

in

the

following

tables.

Fund

Series

Shares

Outstanding

Remarketing

Fees*

Liquidation

Preference

Special

Rate

Period

Expiration

Maturity

NVG

1

1,790

0.10%

$179,000,000

N/A

December

1,

2043

2

2,954

0.10%

$295,400,000

N/A

December

1,

2040

4

1,800

0.10%

$180,000,000

N/A

June

1,

2046

5

2,955

0.10%

$295,500,000

N/A

December

1,

2040

6

2,867

0.10%

$286,700,000

N/A

December

1,

2040

NZF

1

2,688

N/A**

$268,800,000

March

1,

2040***

March

1,

2040

2

2,622

N/A**

$262,200,000

March

1,

2040***

March

1,

2040

3

1,460

0.05%

$146,000,000

N/A

June

1,

2040

*

Remarketing

fees

as

a

percentage

of

the

aggregate

principal

amount

of

all

VRDP

Shares

outstanding

for

each

series.

**

Not

applicable.

Series

is

considered

to

be

Special

Rate

VRDP

and

therefore

does

not

pay

a

remarketing

fee.

Subject

to

earlier

termination

by

either

the

Fund

or

the

holder.

Fund

Average

Liquidation

Preference

of

VRDP

Shares

Outstanding

Annualized

Dividend

Rate

NVG

$

1,236,600,000

3.52

%

NZF

677,000,000

4.

40

211

As

of

the

end

of

the

reporting

period,

NVG

and

NZF

had

$1,233,990,758

and

$673,652,507

VRDP

Shares

at

liquidation

preference,

net

of

deferred

offering

costs,

respectively.

Further

details

of

the

Funds’

VRDP

Shares

outstanding

as

of

the

reporting

period,

were

as

follows:

VRDP

Shares

include

a

liquidity

feature

that

allows

VRDP

shareholders

to

have

their

shares

purchased

by

a

liquidity

provider

with

whom

each

Fund

has

contracted

in

the

event

that

VRDP

Shares

are

not

able

to

be

successfully

remarketed.

Each

Fund

is

required

to

redeem

any

VRDP

Shares

that

are

still

owned

by

the

liquidity

provider

after

six

months

of

continuous,

unsuccessful

remarketing.

Each

Fund

pays

an

annual

remarketing

fee

on

the

aggregate

principal

amount

of

all

VRDP

Shares

outstanding.

Each

Fund’s

VRDP

Shares

have

successfully

remarketed

since

issuance.

NZF’s

Series

1

and

Series

2

VRDP

Shares

are

considered

to

be

Special

Rate

VRDP,

which

are

sold

to

institutional

investors.

The

special

rate

period

will

expire

on

March

1,

2040

for

the

Fund’s

Series

1

and

2

VRDP

Shares,

but

is

subject

to

earlier

termination

by

either

the

Fund

or

the

holder.

During

the

special

rate

period,

the

VRDP

Shares

will

not

be

remarketed

by

a

remarketing

agent,

be

subject

to

optional

or

mandatory

tender

events,

or

be

supported

by

a

liquidity

provider

and

are

not

subject

to

remarketing

fees

or

liquidity

fees.

During

the

special

rate

period,

VRDP

dividends

will

be

set

monthly

as

a

floating

rate

based

on

the

predetermined

formula.

Following

the

initial

special

rate

period,

Special

Rate

Period

VRDP

Shares

may

transition

to

traditional

VRDP

Shares

with

dividends

set

at

weekly

remarketings,

and

be

supported

by

designated

liquidity

provider,

or

the

Board

may

approve

a

subsequent

special

rate

period.

Dividends

on

the

VRDP

Shares

(which

are

treated

as

interest

payments

for

financial

reporting

purposes)

are

set

at

a

rate

established

by

a

remarketing

agent;

therefore,

the

market

value

of

the

VRDP

Shares

is

expected

to

approximate

its

liquidation

preference.

In

the

event

that

VRDP

shares

are

unable

to

be

successfully

remarketed,

the

dividend

rate

will

be

the

maximum

rate

which

is

designed

to

escalate

according

to

a

specified

schedule

in

order

to

enhance

the

remarketing

agent’s

ability

to

successfully

remarket

the

VRDP

Shares.

Subject

to

certain

conditions,

VRDP

Shares

may

be

redeemed,

in

whole

or

in

part,

at

any

time

at

the

option

of

each

Fund.

Each

Fund

may

also

redeem

certain

of

the

VRDP

Shares

if

the

Fund

fails

to

maintain

certain

asset

coverage

requirements

and

such

failures

are

not

cured

by

the

applicable

cure

date.

The

redemption

price

per

share

is

equal

to

the

sum

of

the

liquidation

preference

per

share

plus

any

accumulated

but

unpaid

dividends.

The

average

liquidation

preference

of

VRDP

Shares

outstanding

and

annualized

dividend

rate

for

each

Fund

during

the

current

fiscal

period

were

as

follows:

For

financial

reporting

purposes,

the

liquidation

preference

of

VRDP

Shares

is

a

liability

and

is

recognized

as

a

component

of

“VRDP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities.

Unpaid

dividends

on

VRDP

Shares

are

recognized

as

a

component

of

“Payable

for

interest”

on

the

Statement

of

Assets

and

Liabilities,

when

applicable.

Dividends

accrued

on

VRDP

Shares

are

recognized

as

a

component

of

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

Costs

incurred

by

the

Funds

in

connection

with

their

offerings

of

VRDP

Shares

were

recorded

as

a

deferred

charge,

which

are

amortized

over

the

life

of

the

shares

and

are

recognized

as

a

component

of

“VRDP

Shares,

Net”

on

the

Statement

of

Assets

and

Liabilities

and

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

In

addition

to

interest

expense,

each

Fund

may

also

pay

a

per

annum

liquidity

fee

to

the

liquidity

provider,

as

well

as

a

remarketing

fee,

which

are

recognized

as

“Liquidity

fees”

and

“Remarketing

fees,”

respectively,

on

the

Statement

of

Operations.

Preferred

Share

Transactions: 

Transactions

in

preferred

shares

during

the

Funds'

current

and

prior

fiscal

period,

where

applicable,

are

noted

in

the

following

tables.

Fund

Series

Shares

Outstanding

Remarketing

Fees*

Liquidation

Preference

Special

Rate

Period

Expiration

Maturity

NVG

1

1,790

0.10%

$179,000,000

N/A

December

1,

2043

2

2,954

0.10%

$295,400,000

N/A

December

1,

2040

4

1,800

0.10%

$180,000,000

N/A

June

1,

2046

5

2,955

0.10%

$295,500,000

N/A

December

1,

2040

6

2,867

0.10%

$286,700,000

N/A

December

1,

2040

NZF

1

2,688

N/A**

$268,800,000

March

1,

2040***

March

1,

2040

2

2,622

N/A**

$262,200,000

March

1,

2040***

March

1,

2040

3

1,460

0.05%

$146,000,000

N/A

June

1,

2040

*

Remarketing

fees

as

a

percentage

of

the

aggregate

principal

amount

of

all

VRDP

Shares

outstanding

for

each

series.

**

Not

applicable.

Series

is

considered

to

be

Special

Rate

VRDP

and

therefore

does

not

pay

a

remarketing

fee.

Subject

to

earlier

termination

by

either

the

Fund

or

the

holder.

Fund

Average

Liquidation

Preference

of

VRDP

Shares

Outstanding

Annualized

Dividend

Rate

NVG

$

1,236,600,000

3.52

%

NZF

677,000,000

4.

40

Transactions

in

MFP

Shares

for

the

Funds,

where

applicable,

were

as

follows:

Transactions

in

VRDP

Shares

for

the

Funds,

where

applicable,

were

as

follows:

7.

Income

Tax

Information

Each

Fund

is

a

separate

taxpayer

for

federal

income

tax

purposes.

Each

Fund

intends

to

distribute

substantially

all

of

its

net

investment

income

and

net

capital

gains

to

shareholders

and

otherwise

comply

with

the

requirements

of

Subchapter

M

of

the

Internal

Revenue

Code

applicable

to

regulated

investment

companies.

Therefore,

no

federal

income

tax

provision

is

required.

Each

Fund

intends

to

satisfy

conditions

that

will

enable

interest

from

municipal

securities,

which

is

exempt

from

regular

federal

income

tax,

and

in

the

case

of

NVG,

the

AMT

applicable

to

individuals

to

retain

such

tax-exempt

status

when

distributed

to

shareholders

of

the

Funds.

Net

realized

capital

gains

and

ordinary

income

distributions

paid

by

the

Funds

are

subject

to

federal

taxation.

Each

Fund

files

income

tax

returns

in

U.S.

federal

and

applicable

state

and

local

jurisdictions.

A

Fund's

federal

income

tax

returns

are

generally

subject

to

examination

for

a

period

of

three

fiscal

years

after

being

filed.

State

and

local

tax

returns

may

be

subject

to

examination

for

an

additional

period

of

time

depending

on

the

jurisdiction.

Management

has

analyzed

each

Fund's

tax

positions

taken

for

all

open

tax

years

and

has

concluded

that

no

provision

for

income

tax

is

required

in

the

Fund's

financial

statements.

As

of

the

end

of

the

reporting

period,

the

aggregate

cost

and

the

net

unrealized

appreciation/(depreciation)

of

all

investments

for

federal

income

tax

purposes

were

as

follows:

For

purposes

of

this

disclosure,

tax

cost

generally

includes

the

cost

of

portfolio

investments

as

well

as

up-front

fees

or

premiums

exchanged

on

derivatives

and

any

amounts

unrealized

for

income

statement

reporting

but

realized

income

and/or

capital

gains

for

tax

reporting,

if

applicable.

As

of

prior

fiscal

period

end,

the

components

of

accumulated

earnings

on

a

tax

basis

were

as

follows:

Six

Months

Ended

April

30,

2024

NMCO

Series

Shares

Amount

MFP

Shares

redeemed

C

(150)

(15,000,000)

Year

Ended

October

31,

2023

NVG

Series

Shares

Amount

MFP

Shares

redeemed

A

(935)

$(93,500,000)

Year

Ended

October

31,

2023

NMCO

Series

Shares

Amount

MFP

Shares

noticed

for

redemption

B

(200)

$(20,000,000)

Year

Ended

October

31,

2023

NZF

Series

Shares

Amount

VRDP

Shares

redeemed

3

(500)

$(50,000,000)

Fund

Tax

Cost

Gross

Unrealized

Appreciation

Gross

Unrealized

(Depreciation)

Net

Unrealized

Appreciation

(Depreciation)

NVG

$

4,691,614,883

$

162,632,745

$

(271,857,355)

$

(109,224,610)

NZF

3,743,427,175

212,308,580

(81,352,506)

130,956,074

NMZ

1,603,073,852

66,895,423

(157,813,582)

(90,918,159)

NMCO

1,026,127,496

53,208,095

(120,436,409)

(67,228,314)

NDMO

868,839,092

14,170,509

(48,821,019)

(34,650,510)

212

Notes

to

Financial

Statements

(Unaudited)

(continued)

As

of

prior

fiscal

period

end,

the

Funds

had

capital

loss

carryforwards,

which

will

not

expire:

8.

Management

Fees

and

Other

Transactions

with

Affiliates

Management

Fees:

Each

Fund’s

management

fee

compensates

the

Adviser

for

the

overall

investment

advisory

and

administrative

services

and

general

office

facilities.

The

Sub-Adviser

is

compensated

for

its

services

to

the

Funds

from

the

management

fees

paid

to

the

Adviser.

Each

Fund’s

management

fee

consists

of

two

components

–

a

fund-level

fee,

based

only

on

the

amount

of

assets

within

each

individual

Fund,

and

a

complex-level

fee,

based

on

the

aggregate

amount

of

all

eligible

fund

assets

managed

by

the

Adviser.

This

pricing

structure

enables

each

Fund’s

shareholders

to

benefit

from

growth

in

the

assets

within

their

respective

Fund

as

well

as

from

growth

in

the

amount

of

complex-wide

assets

managed

by

the

Adviser.

The

annual

fund-level

fee,

payable

monthly,

for

each

Fund

is

calculated

according

to

the

following

schedule: 

Fund

Undistributed

Tax-Exempt

Income

1

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital

Gains

Unrealized

Appreciation

(Depreciation)

Capital

Loss

Carryforwards

Late-Year

Loss

Deferrals

Other

Book-to-Tax

Differences

Total

NVG

$

—

$

610,886

$

—

$

(460,685,424)

$

(102,288,716)

$

—

$

(9,074,700)

$

(571,437,954)

NZF

5,600,405

96,828

—

(152,865,694)

(294,654,344)

—

(8,330,349)

(450,153,154)

NMZ

—

380,433

—

(273,502,230)

(129,246,280)

—

(4,697,922)

(407,065,999)

NMCO

—

15,318

—

(129,315,116)

(135,428,162)

—

(2,522,122)

(267,250,082)

NDMO

—

95,640

—

(104,277,264)

(149,324,830)

—

(3,716,717)

(257,223,171)

1

Undistributed

tax-exempt

income

(on

a

tax

basis)

has

not

been

reduced

for

the

dividends

declared

on

October

2,

2023

and

paid

on

November

1,

2023.

Fund

Short-Term

Long-Term

Total

NVG

1

$

11,226,867

$

91,061,849

$

102,288,716

NZF

1

146,307,379

148,346,965

294,654,344

NMZ

34,310,477

94,935,803

129,246,280

NMCO

74,019,646

61,408,516

135,428,162

NDMO

63,395,032

85,929,798

149,324,830

1

A

portion

of

NVG’s

and

NZF’s

capital

loss

carryforwards

is

subject

to

limitation

under

the

Internal

Revenue

Code

and

related

regulations.

NVG

NZF

NMZ

NMCO

NDMO

Average

Daily

Managed

Assets*

Fund-Level

Fee

Rate

Fund-Level

Fee

Rate

Fund-Level

Fee

Rate

Fund-Level

Fee

Rate

For

the

first

$125

million

0.5000

%

0.5500

%

0.7500

%

0.7000

%

For

the

next

$125

million

0.4875

0.5375

0.7375

0.6875

For

the

next

$250

million

0.4750

0.5250

0.7250

0.6750

For

the

next

$500

million

0.4625

0.5125

0.7125

0.6625

For

the

next

$1

billion

0.4500

0.5000

0.7000

0.6500

For

the

next

$3

billion

0.4250

0.4750

0.6750

0.6250

For

managed

assets

over

$5

billion

0.4125

0.4625

0.6625

0.6125

213

The

annual

complex-level

fee,

payable

monthly,

for

each

Fund

is

calculated

by

multiplying

the

current

complex-wide

fee

rate,

determined

according

to

the

following

schedule

by

the

Funds’

daily

managed

assets:

*

For

the

complex-level

fees,

managed

assets

include

closed-end

fund

assets

managed

by

the

Adviser

that

are

attributable

to

certain

types

of

leverage.

For

these

purposes,

leverage

includes

the

funds’

use

of

preferred

stock

and

borrowings

and

certain

investments

in

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

in

tender

option

bond

(TOB)

trusts,

including

the

portion

of

assets

held

by

a

TOB

trust

that

has

been

effectively

financed

by

the

trust’s

issuance

of

floating

rate

securities,

subject

to

an

agreement

by

the

Adviser

as

to

certain

funds

to

limit

the

amount

of

such

assets

for

determining

managed

assets

in

certain

circumstances.

The

complex-level

fee

is

calculated

based

upon

the

aggregate

daily

managed

assets

of

all

Nuveen

open-end

and

closed-end

funds

that

constitute

‘’eligible

assets.”

Eligible

assets

do

not

include

assets

attributable

to

investments

in

other

Nuveen

funds

or

assets

in

excess

of

a

determined

amount

(originally

$2

billion)

added

to

the

Nuveen

fund

complex

in

connection

with

the

Adviser’s

assumption

of

the

management

of

the

former

First

American

Funds

effective

January

1,

2011,

but

do

not

include

certain

assets

of

certain

Nuveen

funds

that

were

reorganized

into

funds

advised

by

an

affiliate

of

the

Adviser

during

the

2019

calendar

year.

As

of

April

30,

2024,

the

complex-level

fee

for

each

Fund

was

as

follows:

Other

Transactions

with

Affiliates:

Each

Fund

is

permitted

to

purchase

or

sell

securities

from

or

to

certain

other

funds

or

accounts

managed

by

the

Sub-Adviser

or

by

an

affiliate

of

the

Adviser

(each

an

, “Affiliated

Entity”)

under

specified

conditions

outlined

in

procedures

adopted

by

the

Board

("cross-trade").

These

procedures

have

been

designed

to

ensure

that

any

cross-trade

of

securities

by

the

Fund

from

or

to

an

Affiliated

Entity

by

virtue

of

having

a

common

investment

adviser

(or

affiliated

investment

adviser),

common

officer

and/or

common

trustee

complies

with

Rule

17a-7

under

the

1940

Act.

These

transactions

are

effected

at

the

current

market

price

(as

provided

by

an

independent

pricing

service)

without

incurring

broker

commissions.

During

the

current

fiscal

period,

the

Funds

engaged

in

cross-trades

pursuant

to

these

procedures

as

follows:

9.

Commitments

and

Contingencies

In

the

normal

course

of

business,

each

Fund

enters

into

a

variety

of

agreements

that

may

expose

the

Fund

to

some

risk

of

loss.

These

could

include

recourse

arrangements

for

certain

TOB

Trusts

and

certain

agreements

related

to

preferred

shares,

which

are

described

elsewhere

in

these

Notes

to

Financial

Statements.

The

risk

of

future

loss

arising

from

such

agreements,

while

not

quantifiable,

is

expected

to

be

remote. As

of

the

end

of

the

reporting

period,

the

Funds

did

not

have

any

unfunded

commitments

other

then

those

disclosed

in

the

Notes

to

Financial

Statements,

when

applicable.

Complex-Level

Eligible

Asset

Breakpoint

Level*

Effective

Complex-Level

Fee

Rate

at

Breakpoint

Level

$55

billion

0.2000

%

$56

billion

0.1996

$57

billion

0.1989

$60

billion

0.1961

$63

billion

0.1931

$66

billion

0.1900

$71

billion

0.1851

$76

billion

0.1806

$80

billion

0.1773

$91

billion

0.1691

$125

billion

0.1599

$200

billion

0.1505

$250

billion

0.1469

$300

billion

0.1445

Fund

Complex-Level

Fee

NVG

0.1604%

NZF

0.1604%

NMZ

0.1604%

NMCO

0.1604%

NDMO

0.1604%

Fund

Purchases

Sales

Realized

Gain

(Loss)

NVG

$

—

$

—

$

—

NZF

—

—

—

NMZ

11,305,607

15,746,369

(2,922,662)

NMCO

1,591,017

516,827

(86,495)

NDMO

—

—

—

214

Notes

to

Financial

Statements

(Unaudited)

(continued)

From

time

to

time,

the

Funds

may

be

party

to

certain

legal

proceedings

in

the

ordinary

course

of

business,

including

proceedings

relating

to

the

enforcement

of

the

Funds’

rights

under

contracts.

As

of

the

end

of

the

reporting

period,

management

has

determined

that

any

legal

proceeding(s)

the

Funds

are

subject

to,

including

those

described

within

this

report,

are

unlikely

to

have

a

material

impact

to

any

of

the

Funds’

financial

statements.

10.

Borrowing

Arrangements

Committed

Line

of

Credit:

The

Funds,

along

with

certain

other

funds

managed

by

the

Adviser

(“Participating

Funds”),

have

established

a

364-day,

$2.700

billion

standby

credit

facility

with

a

group

of

lenders,

under

which

the

Participating

Funds

may

borrow

for

temporary

purposes

(other

than

on-

going

leveraging

for

investment

purposes).

Each

Participating

Fund

is

allocated

a

designated

proportion

of

the

facility’s

capacity

(and

its

associated

costs,

as

described

below)

based

upon

a

multi-factor

assessment

of

the

likelihood

and

frequency

of

its

need

to

draw

on

the

facility,

the

size

of

the

Fund

and

its

anticipated

draws,

and

the

potential

importance

of

such

draws

to

the

operations

and

well-being

of

the

Fund,

relative

to

those

of

the

other

Funds.

A

Fund

may

effect

draws

on

the

facility

in

excess

of

its

designated

capacity

if

and

to

the

extent

that

other

Participating

Funds

have

undrawn

capacity.

The

credit

facility

expires

in

June

2025

unless

extended

or

renewed. 

The

credit

facility

has

the

following

terms:

0.15%

per

annum

on

unused

commitment

amounts

and

a

drawn

interest

rate

equal

to

the

higher

of

(a)

OBFR

(Overnight

Bank

Funding

Rate)

plus

1.20%

per

annum

or

(b)

the

Fed

Funds

Effective

Rate

plus

1.20%

per

annum

on

amounts

borrowed.

Interest

expense

incurred

by

the

Participating

Funds,

when

applicable,

is

recognized

as

a

component

of

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations.

Participating

Funds

paid

administration,

legal

and

arrangement

fees,

which

are

recognized

as

a

component

of

“Interest

expense

and

amortization

of

offering

costs”

on

the

Statement

of

Operations,

and

along

with

commitment

fees,

have

been

allocated

among

such

Participating

Funds

based

upon

the

relative

proportions

of

the

facility’s

aggregate

capacity

reserved

for

them

and

other

factors

deemed

relevant

by

the

Adviser

and

the

Board

of

each

Participating

Fund.

During

the

current

fiscal

period,

the

following

Funds

utilized

this

facility.

Each

Fund’s

maximum

outstanding

balance

during

the

utilization

period

was

as

follows:

During

the

Funds'

utilization

period(s)

during

the

current

fiscal

period,

the

average

daily

balance

outstanding

and

average

annual

interest

rate

on

Borrowings

were

as

follows:

Borrowings

outstanding

as

of

the

end

of

the

reporting

period,

if

any,

are

recognized

as

“Borrowings”

on

the

Statement

of

Assets

and

Liabilities,

where

applicable.

11.

Inter-Fund

Borrowing

and

Lending

Inter-Fund

Borrowing

and

Lending:

The

SEC

has

granted

an

exemptive

order

permitting

registered

open-end

and

closed-end

Nuveen

funds

to

participate

in

an

inter-fund

lending

facility

whereby

the

Nuveen

funds

may

directly

lend

to

and

borrow

money

from

each

other

for

temporary

purposes

(e.g.,

to

satisfy

redemption

requests

or

when

a

sale

of

securities

“fails,”

resulting

in

an

unanticipated

cash

shortfall)

(the

“Inter-Fund

Program”).

The

closed-end

Nuveen

funds,

including

the

Funds

covered

by

this

shareholder

report,

will

participate

only

as

lenders,

and

not

as

borrowers,

in

the

Inter-Fund

Program

because

such

closed-end

funds

rarely,

if

ever,

need

to

borrow

cash

to

meet

redemptions.

The

Inter-Fund

Program

is

subject

to

a

number

of

conditions,

including,

among

other

things,

the

requirements

that

(1)

no

fund

may

borrow

or

lend

money

through

the

Inter-Fund

Program

unless

it

receives

a

more

favorable

interest

rate

than

is

typically

available

from

a

bank

or

other

financial

institution

for

a

comparable

transaction;

(2)

no

fund

may

borrow

on

an

unsecured

basis

through

the

Inter-Fund

Program

unless

the

fund’s

outstanding

borrowings

from

all

sources

immediately

after

the

inter-fund

borrowing

total

10%

or

less

of

its

total

assets;

provided

that

if

the

borrowing

fund

has

a

secured

borrowing

outstanding

from

any

other

lender,

including

but

not

limited

to

another

fund,

the

inter-fund

loan

must

be

secured

on

at

least

an

equal

priority

basis

with

at

least

an

equivalent

percentage

of

collateral

to

loan

value;

(3)

if

a

fund’s

total

outstanding

borrowings

immediately

after

an

Fund

Maximum

Outstanding

Balance

NVG

$

—

NZF

20,000,000

NMZ

6,011,747

NMCO

17,500,000

NDMO

—

Fund

Utilization

Period

(Days

Outstanding)

Average

Daily

Balance

Outstanding

Average

Annual

Interest

Rate

NVG

—

$

—

—

%

NZF

42

9,042,052

6.53

NMZ

8

3,890,781

6.53

NMCO

27

3,285,590

6.53

NDMO

—

—

—

215

inter-fund

borrowing

would

be

greater

than

10%

of

its

total

assets,

the

fund

may

borrow

through

the

inter-fund

loan

on

a

secured

basis

only;

(4)

no

fund

may

lend

money

if

the

loan

would

cause

its

aggregate

outstanding

loans

through

the

Inter-Fund

Program

to

exceed

15%

of

its

net

assets

at

the

time

of

the

loan;

(5)

a

fund’s

inter-fund

loans

to

any

one

fund

shall

not

exceed

5%

of

the

lending

fund’s

net

assets;

(6)

the

duration

of

inter-

fund

loans

will

be

limited

to

the

time

required

to

receive

payment

for

securities

sold,

but

in

no

event

more

than

seven

days;

and

(7)

each

inter-fund

loan

may

be

called

on

one

business

day’s

notice

by

a

lending

fund

and

may

be

repaid

on

any

day

by

a

borrowing

fund.

In

addition,

a

Nuveen

fund

may

participate

in

the

Inter-Fund

Program

only

if

and

to

the

extent

that

such

participation

is

consistent

with

the

fund’s

investment

objective

and

investment

policies.

The

Board

is

responsible

for

overseeing

the

Inter-Fund

Program.

The

limitations

detailed

above

and

the

other

conditions

of

the

SEC

exemptive

order

permitting

the

Inter-Fund

Program

are

designed

to

minimize

the

risks

associated

with

Inter-Fund

Program

for

both

the

lending

fund

and

the

borrowing

fund.

However,

no

borrowing

or

lending

activity

is

without

risk.

When

a

fund

borrows

money

from

another

fund,

there

is

a

risk

that

the

loan

could

be

called

on

one

day’s

notice

or

not

renewed,

in

which

case

the

fund may

have

to

borrow

from

a

bank

at

a

higher

rate

or

take

other

actions

to

payoff

such

loan

if

an

inter-fund

loan

is

not

available

from

another

fund.

Any

delay

in

repayment

to

a

lending

fund

could

result

in

a

lost

investment

opportunity

or

additional

borrowing

costs.

During

the

current

reporting

period,

none

of

the

Funds

covered

by

this

shareholder

report

have

entered

into

any

inter-fund

loan

activity.

12.

Subsequent

Events

Management

Fees

:

As

of

May

1,

2024,

each

Fund’s

overall

complex-level

fee

begins

at

a

maximum

rate

of

0.1600%

of

each

Fund’s

average

daily

managed

assets,

with

breakpoints

for

eligible

complex-level

assets

above

$124.3

billion.

Therefore,

the

maximum

management

fee

rate

for

each

Fund

is

the

fund-level

fee

listed

within

this

report

plus

0.1600%.

The

overall

complex-level

fee

schedule

is

as

follows:

*

The

complex-level

fee

is

calculated

based

upon

the

aggregate

daily

“eligible

assets”

of

all

Nuveen-branded

closed-end

funds

and

Nuveen

branded

open-end

funds

(“Nuveen

Mutual

Funds”).

Except

as

described

below,

eligible

assets

include

the

assets

of

all

Nuveen-branded

closed-end

funds

and

Nuveen

Mutual

Funds

organized

in

the

United

States.

Eligible

assets

do

not

include

the

net

assets

of:

Nuveen

fund-of-funds,

Nuveen

money

market

funds,

Nuveen

index

funds,

Nuveen

Large

Cap

Responsible

Equity

Fund

or

Nuveen

Life

Large

Cap

Responsible

Equity

Fund.

In

addition,

eligible

assets

include

a

fixed

percentage

of

the

aggregate

net

assets

of

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

by

the

Adviser’s

affiliate,

Teachers

Advisors,

LLC

(except

those

identified

above).

The

fixed

percentage

will

increase

annually

until

May

1,

2033,

at

which

time

eligible

assets

will

include

all

of

the

aggregate

net

assets

of

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

by

Teachers

Advisors,

LLC

(except

those

identified

above).

Eligible

assets

include

closed-end

fund

assets

managed

by

the

Adviser

that

are

attributable

to

financial

leverage.

For

these

purposes,

financial

leverage

includes

the

closed-end

funds’

use

of

preferred

stock

and

borrowings

and

certain

investments

in

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

in

tender

option

bond

(TOB)

trusts,

including

the

portion

of

assets

held

by

a

TOB

trust

that

has

been

effectively

financed

by

the

trust’s

issuance

of

floating

rate

securities,

subject

to

an

agreement

by

the

Adviser

as

to

certain

funds

to

limit

the

amount

of

such

assets

for

determining

eligible

assets

in

certain

circumstances.

Complex-Level

Asset

Breakpoint

Level*

Complex-Level

Fee

For

the

first

$124.3

billion

0.1600

%

For

the

next

$75.7

billion

0.1350

For

the

next

$200

billion

0.1325

For

eligible

assets

over

$400

billion

0.1300

216

Risk

Considerations

(Unaudited)

Fund

shares

are

not

guaranteed

or

endorsed

by

any

bank

or

other

insured

depository

institution,

and

are

not

federally

insured

by

the

Federal

Deposit

Insurance

Corporation.

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(NVG)

Investing

in

closed-end

funds

involves

risk;

principal

loss

is

possible.

There

is

no

guarantee

the

Fund’s

investment

objectives

will

be

achieved.

Closed-end

fund

shares

may

frequently

trade

at

a

discount

or

premium

to

their

net

asset

value.

Debt

or

fixed

income

securities

such

as

those

held

by

the

Fund,

are

subject

to

market

risk,

credit

risk,

interest

rate

risk,

derivatives

risk,

liquidity

risk,

and

income

risk.

As

interest

rates

rise,

bond

prices

fall

.

Lower

credit

debt

securities

may

be

more

likely

to

fail

to

make

timely

interest

or

principal

payments.

Leverage

increases

return

volatility

and

magnifies

the

Fund’s

potential

return

and

its

risks;

there

is

no

guarantee

a

fund’s

leverage

strategy

will

be

successful.

These

and

other

risk

considerations

such

as

inverse

floater

risk

and

tax

risk

are

described

in

more

detail

on

the

Fund’s

web

page

at

www.nuveen.com/NVG.

Nuveen

Municipal

Credit

Income

Fund

(NZF)

Investing

in

closed-end

funds

involves

risk;

principal

loss

is

possible.

There

is

no

guarantee

the

Fund’s

investment

objectives

will

be

achieved.

Closed-end

fund

shares

may

frequently

trade

at

a

discount

or

premium

to

their

net

asset

value.

Debt

or

fixed

income

securities

such

as

those

held

by

the

Fund,

are

subject

to

market

risk,

credit

risk,

interest

rate

risk,

derivatives

risk,

liquidity

risk,

and

income

risk.

As

interest

rates

rise,

bond

prices

fall.

Lower

credit

debt

securities

may

be

more

likely

to

fail

to

make

timely

interest

or

principal

payments.

Leverage

increases

return

volatility

and

magnifies

the

Fund’s

potential

return

and

its

risks;

there

is

no

guarantee

a

fund’s

leverage

strategy

will

be

successful.

These

and

other

risk

considerations

such

as

inverse

floater

risk

and

tax

risk

are

described

in

more

detail

on

the

Fund’s

web

page

at

www.nuveen.com/NZF.

Nuveen

Municipal

High

Income

Opportunity

Fund

(NMZ)

Investing

in

closed-end

funds

involves

risk;

principal

loss

is

possible.

There

is

no

guarantee

the

Fund’s

investment

objectives

will

be

achieved.

Closed-end

fund

shares

may

frequently

trade

at

a

discount

or

premium

to

their

net

asset

value.

Debt

or

fixed

income

securities

such

as

those

held

by

the

Fund,

are

subject

to

market

risk,

credit

risk,

interest

rate

risk,

derivatives

risk,

liquidity

risk,

and

income

risk.

As

interest

rates

rise,

bond

prices

fall.

Lower

credit

debt

securities

may

be

more

likely

to

fail

to

make

timely

interest

or

principal

payments.

Leverage

increases

return

volatility

and

magnifies

the

Fund’s

potential

return

and

its

risks;

there

is

no

guarantee

a

fund’s

leverage

strategy

will

be

successful.

These

and

other

risk

considerations

such

as

inverse

floater

risk

and

tax

risk

are

described

in

more

detail

on

the

Fund’s

web

page

at

www.nuveen.com/NMZ.

Nuveen

Municipal

Credit

Opportunities

Fund

(NMCO)

Investing

in

closed-end

funds

involves

risk;

principal

loss

is

possible.

There

is

no

guarantee

the

Fund’s

investment

objectives

will

be

achieved.

Closed-end

fund

shares

may

frequently

trade

at

a

discount

or

premium

to

their

net

asset

value.

Debt

or

fixed

income

securities

such

as

those

held

by

the

Fund,

are

subject

to

market

risk,

credit

risk,

interest

rate

risk,

derivatives

risk,

liquidity

risk,

and

income

risk.

As

interest

rates

rise,

bond

prices

fall.

Lower

credit

debt

securities

may

be

more

likely

to

fail

to

make

timely

interest

or

principal

payments.

Leverage

increases

return

volatility

and

magnifies

the

Fund’s

potential

return

and

its

risks;

there

is

no

guarantee

a

fund’s

leverage

strategy

will

be

successful.

These

and

other

risk

considerations

such

as

inverse

floater

risk

and

tax

risk

are

described

in

more

detail

on

the

Fund’s

web

page

at

www.nuveen.com/NMCO.

Nuveen

Dynamic

Municipal

Opportunities

Fund

(NDMO)

Investing

involves

risk;

principal

loss

is

possible.

There

is

no

guarantee

the

Fund’s

investment

objectives

will

be

achieved.

Closed-

end

fund

shares

may

frequently

trade

at

a

discount

or

premium

to

their

net

asset

value.

The

values

of

municipal

securities

held

by

the

Fund

may

be

adversely

affected

by

local

political

and

economic

conditions

and

developments.

Debt

or

fixed

income

securities

such

as

those

municipal

securities

held

by

the

Fund,

are

subject

to

market

risk,

credit

risk,

interest

rate

risk,

liquidity

risk

and

income

risk.

As

interest

rates

rise,

bond

prices

fall.

Lower

quality

municipal

securities

may

be

more

likely

to

fail

to

make

timely

interest

or

principal

payments.

Leverage

increases

return

volatility

and

magnifies

the

Fund’s

potential

return

and

its

risks;

there

is

no

guarantee

a

fund’s

leverage

strategy

will

be

successful.

These

and

other

risk

considerations

such

as

inverse

floater

risk,

derivatives

risk

and

tax

risk

are

described

in

more

detail

on

the

Fund’s

web

page

at

www.nuveen.com/NDMO.

217

Additional

Fund

Information

(Unaudited)

Portfolio

of

Investments

Information

The

Fund

is

required

to

file

its

complete

schedule

of

portfolio

holdings

with

the

Securities

and

Exchange

Commission

(SEC)

for

the

first

and

third

quarters

of

each

fiscal

year

as

an

exhibit

to

its

report

on

Form

N-PORT.

You

may

obtain

this

information

on

the

SEC’s

website

at

http://www.sec.gov.

Nuveen

Funds’

Proxy

Voting

Information

You

may

obtain

(i)

information

regarding

how

each

fund

voted

proxies

relating

to

portfolio

securities

held

during

the

most

recent

twelve-month

period

ended

June

30,

without

charge,

upon

request,

by

calling

Nuveen

toll-free

at

(800)

257-8787

or

on

Nuveen’s

website

at

www.nuveen.com

and

(ii)

a

description

of

the

policies

and

procedures

that

each

fund

used

to

determine

how

to

vote

proxies

relating

to

portfolio

securities

without

charge,

upon

request,

by

calling

Nuveen

toll-free

at

(800)

257-8787.

You

may

also

obtain

this

information

directly

from

the

SEC.

Visit

the

SEC

on-line

at

http://www.sec.gov.

CEO

Certification

Disclosure

The

Fund’s

Chief

Executive

Officer

(CEO)

has

submitted

to

the

New

York

Stock

Exchange

(NYSE)

the

annual

CEO

certification

as

required

by

Section

303A.12(a)

of

the

NYSE

Listed

Company

Manual.

Each

Fund

has

filed

with

the

SEC

the

certification

of

its

CEO

and

Chief

Financial

Officer

required

by

Section

302

of

the

Sarbanes-Oxley

Act.

Common

Share

Repurchases

Each

Fund

intends

to

repurchase,

through

its

open-market

share

repurchase

program,

shares

of

its

own

common

stock

at

such

times

and

in

such

amounts

as

is

deemed

advisable.

During

the

period

covered

by

this

report,

each

Fund

repurchased

shares

of

its

common

stock

as

shown

in

the

accompanying

table.

Any

future

repurchases

will

be

reported

to

shareholders

in

the

next

annual

or

semi-annual

report.

FINRA

BrokerCheck

:

The

Financial

Industry

Regulatory

Authority

(FINRA)

provides

information

regarding

the

disciplinary

history

of

FINRA

member

firms

and

associated

investment

professionals.

This

information

as

well

as

an

investor

brochure

describing

FINRA

BrokerCheck

is

available

to

the

public

by

calling

the

FINRA

BrokerCheck

Hotline

number

at

(800)

289-9999

or

by

visiting

www.FINRA.org.

Board

of

Trustees

Joseph

A.

Boateng

Michael

A.

Forrester

Thomas

J.

Kenny

Amy

B.R.

Lancellotta

Joanne

T.

Medero

Albin

F.

Moschner

John

K.

Nelson

Loren

M.

Starr

Matthew

Thornton

III

Terence

J.

Toth

Margaret

L.

Wolff

Robert

L.

Young

Investment

Adviser

Nuveen

Fund

Advisors,

LLC

333

West

Wacker

Drive

Chicago,

IL

60606

Custodian

State

Street

Bank

&

Trust

Company

One

Congress

Street

Boston,

MA

02111-2016

Legal

Counsel

Chapman

and

Cutler

LLP

Chicago,

IL

60603

Independent

Registered

Public

Accounting

Firm

KPMG

LLP

200

East

Randolph

Street

Chicago,

IL

60601

Transfer

Agent

and

Shareholder

Services

Computershare

Trust

Company,

N.A.

150

Royall

Street

Canton,

MA

02021

(800)

257-8787

NVG

NZF

NMZ

NMCO

NDMO

Common

shares

repurchased

0

0

0

0

0

218

Glossary

of

Terms

Used

in

this

Report

(Unaudited)

Average

Annual

Total

Return

:

This

is

a

commonly

used

method

to

express

an

investment’s

performance

over

a

particular,

usually

multi-year

time

period.

It

expresses

the

return

that

would

have

been

necessary

each

year

to

equal

the

investment’s

actual

cumulative

performance

(including

change

in

NAV

or

offer

price

and

reinvested

dividends

and

capital

gains

distributions,

if

any)

over

the

time

period

being

considered.

Duration:

Duration

is

a

measure

of

the

expected

period

over

which

a

bond’s

principal

and

interest

will

be

paid,

and

consequently

is

a

measure

of

the

sensitivity

of

a

bond’s

or

bond

fund’s

value

to

changes

when

market

interest

rates

change.

Generally,

the

longer

a

bond’s

or

fund’s

duration,

the

more

the

price

of

the

bond

or

fund

will

change

as

interest

rates

change.

Effective

Leverage:

Effective

leverage

is

a

fund’s

effective

economic

leverage,

and

includes

both

regulatory

leverage

(see

leverage)

and

the

leverage

effects

of

certain

derivative

investments

in

the

fund’s

portfolio.

Currently,

the

leverage

effects

of

Tender

Option

Bond

(TOB)

inverse

floater

holdings

are

included

in

effective

leverage

values,

in

addition

to

any

regulatory

leverage.

Industrial

Development

Revenue

Bond

(IDR):

A

unique

type

of

revenue

bond

issued

by

a

state

or

local

government

agency

on

behalf

of

a

private

sector

company

and

intended

to

build

or

acquire

factories

or

other

heavy

equipment

and

tools.

Inverse

Floating

Rate

Securities:

Inverse

floating

rate

securities

are

the

residual

interest

in

a

tender

option

bond

(TOB)

trust,

sometimes

referred

to

as

“inverse

floaters”,

are

created

by

depositing

a

municipal

bond,

typically

with

a

fixed

interest

rate,

into

a

special

purpose

trust.

This

trust,

in

turn,

(a)

issues

floating

rate

certificates

typically

paying

short-term

tax-exempt

interest

rates

to

third

parties

in

amounts

equal

to

some

fraction

of

the

deposited

bond’s

par

amount

or

market

value,

and

(b)

issues

an

inverse

floating

rate

certificate

(sometimes

referred

to

as

an

“inverse

floater”)

to

an

investor

(such

as

a

fund)

interested

in

gaining

investment

exposure

to

a

long-term

municipal

bond.

The

income

received

by

the

holder

of

the

inverse

floater

varies

inversely

with

the

short-

term

rate

paid

to

the

floating

rate

certificates’

holders,

and

in

most

circumstances

the

holder

of

the

inverse

floater

bears

substantially

all

of

the

underlying

bond’s

downside

investment

risk.

The

holder

of

the

inverse

floater

typically

also

benefits

disproportionately

from

any

potential

appreciation

of

the

underlying

bond’s

value.

Hence,

an

inverse

floater

essentially

represents

an

investment

in

the

underlying

bond

on

a

leveraged

basis.

Leverage:

Leverage

is

created

whenever

a

fund

has

investment

exposure

(both

reward

and/or

risk)

equivalent

to

more

than

100%

of

the

investment

capital.

Net

Asset

Value

(NAV)

Per

Share:

A

fund’s

Net

Assets

is

equal

to

its

total

assets

(securities,

cash,

accrued

earnings

and

receivables)

less

its

total

liabilities.

NAV

per

share

is

equal

to

the

fund’s

Net

Assets

divided

by

its

number

of

shares

outstanding.

Pre-Refunded

Bond/Pre-Refunding

:

Pre-Refunded

Bond/Pre-Refunding,

also

known

as

advanced

refundings

or

refinancings,

is

a

procedure

used

by

state

and

local

governments

to

refinance

municipal

bonds

to

lower

interest

expenses.

The

issuer

sells

new

bonds

with

a

lower

yield

and

uses

the

proceeds

to

buy

U.S.

Treasury

securities,

the

interest

from

which

is

used

to

make

payments

on

the

higher-yielding

bonds.

Because

of

this

collateral,

pre-refunding

generally

raises

a

bond’s

credit

rating

and

thus

its

value.

Regulatory

Leverage:

Regulatory

leverage

consists

of

preferred

shares

issued

by

or

borrowings

of

a

fund.

Both

of

these

are

part

of

a

fund’s

capital

structure.

Regulatory

leverage

is

subject

to

asset

coverage

limits

set

in

the

Investment

Company

Act

of

1940.

Tax

Obligation/General

Bonds:

Bonds

backed

by

the

general

revenues

of

an

issuer,

including

taxes,

where

the

issuer

has

the

ability

to

increase

taxes

by

an

unlimited

amount

to

pay

the

bonds

back.

Tax

Obligation/Limited

Bonds:

Bonds

backed

by

the

general

revenues

of

an

issuer,

including

taxes,

where

the

issuer

doesn’t

have

the

ability

to

increase

taxes

by

an

unlimited

amount

to

pay

the

bonds

back

.

Total

Investment

Exposure:

Total

investment

exposure

is

a

fund’s

assets

managed

by

the

Adviser

that

are

attributable

to

financial

leverage.

For

these

purposes,

financial

leverage

includes

a

fund’s

use

of

preferred

stock

and

borrowings

and

investments

in

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

in

tender

option

bond

(TOB)

trusts,

including

the

portion

of

assets

held

by

a

TOB

trust

that

has

been

effectively

financed

by

the

trust’s

issuance

of

floating

rate

securities.

Zero

Coupon

Bond:

A

zero

coupon

bond

does

not

pay

a

regular

interest

coupon

to

its

holders

during

the

life

of

the

bond.

Income

to

the

holder

of

the

bond

comes

from

accretion

of

the

difference

between

the

original

purchase

price

of

the

bond

at

issuance

and

the

par

value

of

the

bond

at

maturity

and

is

effectively

paid

at

maturity.

The

market

prices

of

zero

coupon

bonds

generally

are

more

volatile

than

the

market

prices

of

bonds

that

pay

interest

periodically.

Annual

Investment

Management

Agreement

Approval

Process

(Unaudited)

219

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(NVG)

Nuveen

Municipal

Credit

Income

Fund

(NZF)

Nuveen

Municipal

High

Income

Opportunity

Fund

(NMZ)

Nuveen

Municipal

Credit

Opportunities

Fund

(NMCO)

Nuveen

Dynamic

Municipal

Opportunities

Fund

(NDMO)

The

Approval

Process

At

meetings

held

on

April

18

and

19,

2024

(the

“Meeting”),

the

Boards

of

Trustees

(collectively,

the

“Board”

and

each

Trustee,

a

“Board

Member”)

of

the

Funds

approved,

for

their

respective

Fund,

the

renewal

of

the

investment

management

agreement

(each

an

“Investment

Management

Agreement”)

with

Nuveen

Fund

Advisors,

LLC

(“NFAL”;

NFAL

is

an

“Adviser”)

pursuant

to

which

NFAL

serves

as

investment

adviser

to

such

Fund.

Similarly,

for

each

Fund,

the

Board

approved

the

renewal

of

the

sub-advisory

agreement

(each

a

“Sub-Advisory

Agreement”)

with

Nuveen

Asset

Management,

LLC

(the

“Sub-Adviser”)

pursuant

to

which

the

Sub-Adviser

serves

as

the

sub-adviser

to

such

Fund.

The

Board

Members

are

not

“interested

persons”

(as

defined

under

the

Investment

Company

Act

of

1940

(the

“1940

Act”))

and,

therefore,

the

Board

is

deemed

to

be

comprised

of

all

disinterested

Board

Members.

References

to

the

Board

and

the

Board

Members

are

interchangeable.

Below

is

a

summary

of

the

annual

review

process

the

Board

undertook

related

to

its

most

recent

renewal

of

each

Investment

Management

Agreement

and

Sub-Advisory

Agreement

on

behalf

of

the

applicable

Fund.

In

accordance

with

applicable

law,

following

up

to

an

initial

two-year

period,

the

Board

considers

the

renewal

of

each

Investment

Management

Agreement

and

Sub-Advisory

Agreement

on

behalf

of

the

applicable

Fund

on

an

annual

basis.

The

Investment

Management

Agreements

and

Sub-

Advisory

Agreements

are

collectively

referred

to

as

the

“Advisory

Agreements,”

and

NFAL

and

the

Sub-Adviser

are

collectively,

the

“Fund

Advisers”

and

each

a

“Fund

Adviser.”

In

addition,

the

fund

complex

consists

of

the

group

of

funds

advised

by

NFAL

(collectively

referred

to

as

the

“Nuveen

funds”)

and

the

group

of

funds

advised

by

Teachers

Advisors,

LLC

(“TAL”

and

such

funds

are

collectively,

the

“TC

funds”).

For

clarity,

NFAL

serves

as

Adviser

to

the

Nuveen

funds,

including

the

Funds,

and

TAL

serves

as

“Adviser”

to

the

TC

funds.

The

Board

Members

considered

that

the

prior

separate

boards

of

the

TC

funds

and

Nuveen

funds

were

consolidated

effective

in

January

2024.

Accordingly,

at

the

Meeting,

the

Board

Members

considered

the

review

of

the

advisory

agreements

for

the

Nuveen

funds

as

well

as

reviewed

the

investment

management

agreements

for

the

TC

funds.

Depending

on

the

appropriate

context,

references

to

“the

Adviser”

may

be

to

NFAL

with

respect

to

the

Nuveen

funds

and/or

TAL

with

respect

to

the

TC

funds.

The

Board

Members

considered

the

review

of

the

advisory

agreements

of

the

Nuveen

funds

and

the

TC

funds

to

be

an

ongoing

process.

The

Board

Members

therefore

employed

the

accumulated

information,

knowledge

and

experience

they

had

gained

during

their

tenure

on

the

respective

board

of

the

TC

funds

or

Nuveen

funds

(as

the

case

may

be)

governing

the

applicable

funds

and

working

with

the

respective

investment

advisers

and

sub-

advisers,

as

applicable,

in

their

review

of

the

advisory

agreements

for

the

fund

complex.

During

the

course

of

the

year

prior

to

the

Meeting,

the

Board

and/or

its

committees

received

a

wide

variety

of

materials

that

covered

a

range

of

topics

relevant

to

the

Board’s

annual

consideration

of

the

renewal

of

the

advisory

agreements,

including

reports

on

fund

investment

results

over

various

periods;

product

initiatives

for

various

funds;

fund

expenses;

compliance,

regulatory

and

risk

management

matters;

trading

practices

including

soft

dollar

arrangements

(as

applicable);

the

liquidity

and

derivatives

risk

management

programs;

management

of

distributions;

valuation

of

securities;

payments

to

financial

intermediaries

(as

applicable);

securities

lending

(as

applicable);

overall

market

and

regulatory

developments;

and

with

respect

to

closed-end

funds,

capital

management

initiatives,

institutional

ownership,

management

of

leverage

financing

and

the

secondary

market

trading

of

the

closed-end

funds

and

any

actions

to

address

discounts.

The

Board

also

met

periodically

with

and/or

received

presentations

by

key

investment

professionals

managing

a

fund’s

portfolio.

In

particular,

at

the

Board

meeting

held

on

February

27-29,

2024

(the

“February

Meeting”),

the

Board

and/or

its

Investment

Committee

received

the

annual

performance

review

of

the

funds

as

described

in

further

detail

below.

The

presentations,

discussions

and

meetings

throughout

the

year

also

provide

a

means

for

the

Board

to

evaluate

and

consider

the

level,

breadth

and

quality

of

services

provided

by

the

Adviser

and

sub-advisers,

as

applicable,

and

how

such

services

have

changed

over

time

in

light

of

new

or

modified

regulatory

requirements,

changes

to

market

conditions

or

other

factors.

In

connection

with

its

annual

consideration

of

the

advisory

agreements,

the

Board,

through

its

independent

legal

counsel,

requested

and

received

extensive

materials

and

information

prepared

specifically

for

its

review

of

the

advisory

agreements.

The

materials

provided

at

the

Meeting

and/or

prior

meetings

covered

a

wide

range

of

matters

including,

but

not

limited

to,

a

description

of

the

nature,

extent

and

quality

of

services

provided

by

the

Fund

Advisers;

the

consolidation

of

the

Nuveen

fund

family

and

TC

fund

family;

a

review

of

product

actions

advanced

in

2023

for

the

benefit

of

particular

funds

and/or

the

fund

complex;

a

review

of

each

sub-adviser,

if

applicable,

and/or

applicable

investment

team;

an

analysis

of

fund

performance

with

a

focus

on

funds

considered

to

have

met

certain

challenged

performance

measurements;

an

analysis

of

the

fees

and

expense

ratios

of

the

funds

with

a

focus

on

funds

considered

to

have

certain

expense

characteristics;

a

list

of

management

fee

and,

if

applicable,

sub-advisory

fee

schedules;

a

description

of

portfolio

manager

compensation;

an

overview

of

the

primary

and

secondary

markets

for

the

Nuveen

closed-end

funds

(including,

among

other

things,

premium

or

discount

data

and

commentary

regarding

the

leverage

management,

share

repurchase

and

shelf

offering

programs

during

2023);

a

description

of

the

profitability

and/or

financial

data

of

Nuveen,

TAL

and

the

sub-advisers;

and

a

description

of

indirect

benefits

received

by

the

Adviser

and

the

sub-advisers

as

a

result

of

their

relationships

with

the

funds,

as

applicable.

The

Board

also

considered

information

provided

by

Broadridge

Financial

Solutions,

Inc.

(“Broadridge”),

an

independent

provider

of

investment

company

data,

comparing

fee

and

expense

levels

of

each

respective

fund

to

those

of

a

peer

universe.

220

Annual

Investment

Management

Agreement

Approval

Process

(Unaudited)

(continued)

The

information

prepared

specifically

for

the

annual

review

supplemented

the

information

provided

to

the

Board

and

its

committees

and

the

evaluations

of

the

funds

by

the

Board

and

its

committees

during

the

year.

The

Board’s

review

of

the

advisory

agreements

for

the

fund

complex

is

based

on

all

the

information

provided

to

the

Board

and

its

committees

over

time.

The

performance,

fee

and

expense

data

and

other

information

provided

by

a

Fund

Adviser,

Broadridge

or

other

service

providers

were

not

independently

verified

by

the

Board

Members.

As

part

of

their

review,

the

Board

Members

and

independent

legal

counsel

met

by

videoconference

in

executive

session

on

April

10,

2024

(the

“April

Executive

Session”)

to

review

and

discuss

materials

provided

in

connection

with

their

annual

review

of

the

advisory

agreements

for

the

fund

complex.

After

reviewing

this

information,

the

Board

Members

requested,

directly

or

through

independent

legal

counsel,

additional

information,

and

the

Board

subsequently

reviewed

and

discussed

the

responses

to

these

follow-up

questions

and

requests.

The

Board

Members

were

advised

by

independent

legal

counsel

during

the

annual

review

process

as

well

as

throughout

the

year,

including

meeting

in

executive

sessions

with

such

counsel

at

which

no

representatives

of

management

were

present.

In

connection

with

their

annual

review,

the

Board

Members

also

received

a

memorandum

from

independent

legal

counsel

outlining

their

fiduciary

duties

and

legal

standards

in

reviewing

the

Advisory

Agreements,

including

guidance

from

court

cases

evaluating

advisory

fees.

The

Board’s

decisions

to

renew

each

Advisory

Agreement

were

not

based

on

a

single

identified

factor,

but

rather

each

decision

reflected

the

comprehensive

consideration

of

all

the

information

provided

to

the

Board

and

its

committees

throughout

the

year

as

well

as

the

materials

prepared

specifically

in

connection

with

the

annual

review

process.

The

contractual

arrangements

may

reflect

the

results

of

prior

year(s)

of

review,

negotiation

and

information

provided

in

connection

with

the

Board’s

annual

review

of

the

funds’

advisory

arrangements

and

oversight

of

the

funds.

Each

Board

Member

may

have

attributed

different

levels

of

importance

to

the

various

factors

and

information

considered

in

connection

with

the

annual

review

process

and

may

have

placed

different

emphasis

on

the

relevant

information

year

to

year

in

light

of,

among

other

things,

changing

market

and

economic

conditions.

A

summary

of

the

principal

factors

and

information,

but

not

all

the

factors,

the

Board

considered

in

deciding

to

renew

the

Advisory

Agreements

is

set

forth

below.

A.

Nature,

Extent

and

Quality

of

Services

In

evaluating

the

renewal

of

the

Advisory

Agreements,

the

Board

Members

received

and

considered

information

regarding

the

nature,

extent

and

quality

of

the

applicable

Fund

Adviser’s

services

provided

to

each

respective

Fund

with

particular

focus

on

the

services

and

enhancements

or

changes

to

such

services

provided

during

the

last

year.

The

Board

Members

considered

the

Investment

Management

Agreements

and

the

Sub-Advisory

Agreements

separately

in

the

course

of

their

review.

With

this

approach,

they

considered

the

roles

of

NFAL

and

the

Sub-Adviser

in

providing

services

to

the

Funds.

The

Board

considered

that

the

Adviser

provides

a

wide

array

of

management,

oversight

and

other

services

to

manage

and

operate

the

applicable

funds.

The

Board

considered

the

Adviser’s

and

its

affiliates’

dedication

of

resources,

time,

people

and

capital

as

well

as

continual

program

of

improvement

and

innovation

aimed

at

enhancing

the

funds

and

fund

complex

for

investors

and

meeting

the

needs

of

an

increasingly

complex

regulatory

environment.

In

particular,

over

the

past

several

years,

the

Board

considered

the

significant

resources,

both

financial

and

personnel,

the

Adviser

and

its

affiliates

have

committed

in

working

to

consolidate

the

Nuveen

fund

family

and

TC

fund

family

under

one

centralized

umbrella.

The

Board

considered

that

the

organizational

changes

in

bringing

together

Nuveen,

its

affiliates

and

TIAA’s

(as

defined

below)

asset

management

businesses,

consolidating

the

Nuveen

and

TC

fund

families

and

other

initiatives

were

anticipated

to

provide

various

benefits

for

the

funds

through,

among

other

things,

enhanced

operating

efficiencies,

centralized

investment

leadership

and

a

centralized

shared

resources

and

support

model.

As

part

of

these

efforts,

the

boards

of

the

TC

funds

and

Nuveen

funds

were

consolidated

effective

in

January

2024.

In

addition,

in

conjunction

with

these

consolidation

efforts,

the

Board

approved

at

the

Meeting

changes

to

fee

and

breakpoint

structures

(as

applicable)

that

could

provide

cost

savings

to

participating

funds,

as

described

in

further

detail

below.

The

Board

also

reviewed

information

regarding

other

product

actions

undertaken

or

continued

by

management

in

the

2023

calendar

year

in

seeking

to

improve

the

effectiveness

of

the

organization,

the

product

line-up

as

well

as

particular

funds

through,

among

other

things,

continuing

to

review

and

optimize

the

product

line

and

gaining

efficiencies

through

mergers

and

liquidations;

reviewing

and

updating

investment

policies

and

benchmarks;

implementing

fee

waivers

and/or

expense

cap

changes

for

certain

funds;

evaluating

and

adjusting

portfolio

management

teams

as

appropriate

for

various

funds;

and

developing

policy

positions

on

a

broad

range

of

regulatory

proposals

that

may

impact

the

funds

and

communicating

with

lawmakers

and

other

regulatory

authorities

to

help

ensure

these

positions

are

considered.

In

its

review,

the

Board

considered

that

the

funds

operated

in

a

highly

regulated

industry

and

the

scope

and

complexity

of

the

services

and

resources

that

the

Adviser

and

its

affiliates

must

provide

to

manage

and

operate

the

applicable

funds

have

expanded

over

the

years

as

a

result

of,

among

other

things,

regulatory,

market

and

other

developments,

such

as

the

adoption

of

the

tailored

shareholder

report

or

the

revised

fund

name

rule.

In

considering

the

breadth

and

quality

of

services

the

Adviser

and

its

various

teams

provide,

the

Board

considered

that

the

Adviser

provides

investment

advisory

services.

With

respect

to

the

Nuveen

funds,

such

funds

utilize

sub-advisers

to

manage

the

portfolios

of

the

funds

subject

to

the

supervision

of

NFAL.

Accordingly,

the

Board

considered

that

NFAL

and

its

affiliates,

among

other

things,

oversee

and

review

the

performance

of

the

respective

sub-adviser

and

its

investment

team(s);

evaluate

Nuveen

fund

performance

and

market

conditions;

evaluate

investment

strategies

and

recommend

changes

thereto;

set

and

manage

distributions

consistent

with

the

respective

Nuveen

fund’s

product

design;

oversee

trade

execution

and,

as

applicable,

securities

lending;

evaluate

investment

risks;

and

manage

valuation

matters.

With

respect

to

closed-end

Nuveen

funds,

such

services

also

include

managing

leverage;

monitoring

asset

coverage

levels

for

leveraged

funds

and

compliance

with

rating

agency

criteria;

providing

capital

management

and

secondary

market

services

(such

as

implementing

common

share

shelf

offerings,

capital

return

programs

and

common

share

repurchases);

and

maintaining

a

closed-end

fund

investor

relations

program.

The

Board

considered

that,

with

respect

to

such

funds,

management

actively

monitors

any

discount

from

net

asset

value

per

share

at

which

the

respective

Nuveen

fund’s

common

stock

trades

and

evaluates

potential

avenues

to

mitigate

the

discount,

including

evaluating

the

level

of

distributions

that

the

fund

pays.

The

Board

further

considered

that

over

the

course

of

the

2023

calendar

year,

the

Nuveen

global

public

product

team

which

supports

the

funds

in

the

fund

complex

and

their

221

shareholders

assessed

the

investment

personnel

across

the

investment

leadership

teams

which

resulted

in

additions

or

other

modifications

to

the

portfolio

management

teams

of

various

funds.

The

Board

also

reviewed

a

description

of

the

compensation

structure

applicable

to

certain

portfolio

managers.

In

addition

to

the

above

investment

advisory

services,

the

Board

further

considered

the

extensive

compliance,

regulatory,

administrative

and

other

services

the

Adviser

and

its

various

teams

or

affiliates

provide

to

manage

and

operate

the

applicable

funds.

Given

the

highly

regulated

industry

in

which

the

funds

operate,

the

Board

considered

the

breadth

of

the

Adviser’s

compliance

program

and

related

policies

and

procedures.

The

Board

reviewed

various

initiatives

the

Adviser’s

compliance

team

undertook

or

continued

in

2023,

in

part,

to

address

new

regulatory

requirements,

support

international

business

growth

and

product

development,

enhance

international

trading

capabilities,

enhance

monitoring

capabilities

in

light

of

the

new

regulatory

requirements

and

guidance

and

maintain

a

comprehensive

training

program.

The

Board

further

considered,

among

other

things,

that

other

non-advisory

services

provided

included,

among

other

things,

board

support

and

reporting;

establishing

and

reviewing

the

services

provided

by

other

fund

service

providers

(such

as

a

fund’s

custodian,

accountant,

and

transfer

agent);

risk

management,

including

reviews

of

the

liquidity

risk

management

and

derivatives

risk

management

programs;

legal

support

services;

regulatory

advocacy;

and

cybersecurity,

business

continuity

and

disaster

recovery

planning

and

testing.

Aside

from

the

services

provided,

the

Board

considered

the

financial

resources

of

the

Adviser

and/or

its

affiliates

and

their

willingness

to

make

investments

in

the

technology,

personnel

and

infrastructure

to

support

the

funds,

including

to

enhance

global

talent,

middle

office

systems,

software

and

international

and

internal

capabilities.

The

Board

considered

the

access

provided

by

the

Adviser

and

its

affiliates

to

a

seed

capital

budget

to

support

new

or

existing

funds

and/or

facilitate

changes

for

a

respective

fund.

The

Board

considered

the

benefits

to

shareholders

of

investing

in

a

fund

that

is

a

part

of

a

large

fund

complex

with

a

variety

of

investment

disciplines,

capabilities,

expertise

and

resources

available

to

navigate

and

support

the

funds

including

during

stressed

times.

The

Board

considered

the

overall

reputation

and

capabilities

of

the

Adviser

and

its

affiliates

and

the

Adviser’s

continuing

commitment

to

provide

high

quality

services.

In

its

review,

the

Board

also

considered

the

significant

risks

borne

by

the

Adviser

and

its

affiliates

in

connection

with

their

services

to

the

applicable

funds,

including

entrepreneurial

risks

in

sponsoring

and

supporting

new

funds

and

smaller

funds

and

ongoing

risks

with

managing

the

funds

such

as

investment,

operational,

reputational,

regulatory,

compliance

and

litigation

risks.

With

respect

to

the

Funds,

the

Board

considered

the

division

of

responsibilities

between

NFAL

and

the

Sub-Adviser

and

considered

that

the

Sub-

Adviser

and

its

investment

personnel

generally

are

responsible

for

the

management

of

each

Fund’s

portfolio

under

the

oversight

of

NFAL

and

the

Board.

The

Board

considered

an

analysis

of

the

Sub-Adviser

provided

by

NFAL

which

included,

among

other

things,

a

summary

of

changes

in

the

leadership

teams

and/or

portfolio

manager

teams;

the

performance

of

the

Nuveen

funds

sub-advised

by

the

Sub-Adviser

over

various

periods

of

time;

and

data

reflecting

product

changes

(if

any)

taken

with

respect

to

certain

Nuveen

funds.

The

Board

considered

that

NFAL

recommended

the

renewal

of

the

Sub-Advisory

Agreements.

Based

on

its

review,

the

Board

determined,

in

the

exercise

of

its

reasonable

business

judgment,

that

it

was

satisfied

with

the

nature,

extent

and

quality

of

services

provided

to

the

respective

Funds

under

each

applicable

Advisory

Agreement.

B.

The

Investment

Performance

of

the

Funds

and

Fund

Advisers

In

evaluating

the

quality

of

the

services

provided

by

the

Fund

Advisers,

the

Board

also

considered

a

variety

of

investment

performance

data

of

the

Funds.

In

this

regard,

the

Board

and/or

its

Investment

Committee

reviewed,

among

other

things,

performance

of

the

Funds

over

the

quarter,

one-,

three-

and

five-year

periods

ending

December

31,

2023

and

March

31,

2024

(or

for

such

shorter

periods

to

the

extent

a

Fund

was

not

in

existence

during

such

periods).

The

Board

performed

its

annual

review

of

fund

performance

at

its

February

Meeting

and

an

additional

review

at

the

April

Executive

Session

and

also

reviewed

and

discussed

performance

data

at

its

other

regularly

scheduled

quarterly

meetings

throughout

the

year.

The

Board

therefore

took

into

account

the

performance

data,

presentations

and

discussions

(written

and

oral)

that

were

provided

at

the

Meeting

and

in

prior

meetings

over

time

in

evaluating

fund

performance,

including

management’s

analysis

of

a

fund’s

performance

with

particular

focus

on

funds

that

met

certain

challenged

performance

measurements

as

determined

pursuant

to

a

methodology

approved

by

the

Board

or

additional

measurements

as

determined

by

management’s

investment

analysts.

As

various

Nuveen

funds

have

modified

their

portfolio

teams

and/or

made

significant

changes

to

their

portfolio

strategies

over

time,

the

Board

reviewed,

among

other

things,

certain

tracking

performance

data

over

specific

periods

comparing

performance

before

and

after

such

changes.

The

Board

considered

that

performance

data

reflects

performance

over

a

specified

period

which

may

differ

significantly

depending

on

the

ending

dates

selected,

particularly

during

periods

of

market

volatility.

Further,

the

Board

considered

that

shareholders

may

evaluate

performance

based

on

their

own

respective

holding

periods

which

may

differ

from

the

performance

periods

reviewed

by

the

Board

and

lead

to

differing

results.

In

its

evaluation,

the

Board

reviewed

fund

performance

results

from

different

perspectives.

In

general,

subject

to

certain

exceptions,

the

Board

reviewed

both

absolute

and

relative

fund

performance

over

the

various

time

periods

and

considered

performance

results

in

light

of

a

fund’s

investment

objective(s),

strategies

and

risks.

With

respect

to

the

relative

performance,

the

Board

considered

fund

performance

in

comparison

to

the

performance

of

peer

funds

(the

“Performance

Peer

Group”),

subject

to

certain

exceptions,

and

recognized

and/or

customized

benchmarks

(i.e.,

generally

benchmarks

derived

from

multiple

recognized

benchmarks).

In

reviewing

such

comparative

performance,

the

Board

was

cognizant

of

the

inherent

limitations

of

such

data

which

can

make

meaningful

performance

comparisons

generally

difficult.

As

an

illustration,

differences

in

the

composition

of

the

Performance

Peer

Group,

the

investment

objective(s),

strategies,

dates

of

fund

inception

and

other

characteristics

of

the

peers

in

the

Performance

Peer

Group,

the

level,

type

and

cost

of

leverage

(if

any)

of

the

peers,

and

the

varying

sizes

of

peers

all

may

contribute

to

differences

in

the

performance

results

of

a

Performance

Peer

Group

compared

to

the

applicable

fund.

With

respect

to

relative

performance

of

a

fund

compared

to

a

benchmark

index,

differences,

among

other

things,

in

the

investment

objective(s)

and

strategies

of

a

fund

and

the

benchmark

(particularly

an

actively

managed

fund

that

does

not

directly

follow

an

index)

as

well

as

the

costs

of

operating

a

fund

would

necessarily

contribute

to

differences

in

performance

results

and

limit

the

value

of

the

comparative

performance

information.

To

assist

the

Board

in

its

review

of

the

comparability

of

the

relative

performance,

management

generally

has

ranked

the

relevancy

of

the

Performance

Peer

Groups

to

the

Funds

as

low,

medium

or

high.

222

Annual

Investment

Management

Agreement

Approval

Process

(Unaudited)

(continued)

In

its

review

of

relative

performance,

the

Board

considered

a

Fund’s

performance

relative

to

its

Performance

Peer

Group,

among

other

things,

by

evaluating

its

quartile

ranking

with

the

1st

quartile

representing

the

top

performing

funds

within

the

Performance

Peer

Group

and

the

4th

quartile

representing

the

lowest

performing

funds.

The

Board

also

considered

that

secondary

market

trading

of

shares

of

the

Nuveen

closed-end

funds

also

continues

to

be

a

priority

for

the

Board

given

its

importance

to

shareholders,

and

therefore,

the

Board

and/or

its

Closed-end

Fund

committee

reviews

certain

performance

data

reflecting,

among

other

things,

the

premiums

and

discounts

at

which

the

shares

of

the

Nuveen

closed-end

funds

have

traded

at

various

periods

throughout

the

year.

In

its

review,

the

Board

considers,

among

other

things,

changes

to

investment

mandates

and

guidelines,

distribution

policies,

leverage

levels

and

types;

share

repurchases

and

similar

capital

market

actions;

and

effective

communications

programs

to

build

greater

awareness

and

deepen

understanding

of

closed-end

funds.

As

applicable,

the

Board

considered

the

impact

of

leverage

on

a

Nuveen

fund’s

performance.

The

Board

further

considered

that

performance

results

should

include

the

distribution

yields

of

funds

that

seek

to

provide

income

as

part

of

their

investment

objective(s)

to

shareholders.

In

this

regard,

the

Board

considered

that

the

use

of

leverage

by

various

funds

may

have

detracted

from

total

return

performance

of

such

funds

over

various

periods

in

current

market

conditions,

but

the

leverage

also

was

accretive

in

providing

higher

levels

of

income.

The

Board

evaluated

performance

in

light

of

various

relevant

factors

which

may

include,

among

other

things,

general

market

conditions,

issuer-

specific

information,

asset

class

information,

leverage

and

fund

cash

flows.

The

Board

considered

that

long-term

performance

could

be

impacted

by

even

one

period

of

significant

outperformance

or

underperformance

and

that

a

single

investment

theme

could

disproportionately

affect

performance.

Further,

the

Board

considered

that

market

and

economic

conditions

may

significantly

impact

a

fund’s

performance,

particularly

over

shorter

periods,

and

such

performance

may

be

more

reflective

of

such

economic

or

market

events

and

not

necessarily

reflective

of

management

skill.

Although

the

Board

reviews

short-,

intermediate-

and

longer-term

performance

data,

the

Board

considered

that

longer

periods

of

performance

may

reflect

full

market

cycles.

In

their

review

from

year

to

year,

the

Board

Members

consider

and

may

place

different

emphasis

on

the

relevant

information

in

light

of

changing

circumstances

in

market

and

economic

conditions.

In

evaluating

performance,

the

Board

focused

particular

attention

on

funds

with

less

favorable

performance

records.

However,

depending

on

the

facts

and

circumstances

including

any

differences

between

the

respective

fund

and

its

benchmark

and/or

Performance

Peer

Group,

the

Board

may

be

satisfied

with

a

fund’s

performance

notwithstanding

that

its

performance

may

be

below

that

of

its

benchmark

and/or

peer

group

for

certain

periods.

With

respect

to

any

funds

for

which

the

Board

has

identified

performance

issues,

the

Board

seeks

to

monitor

such

funds

more

closely

until

performance

improves,

discuss

with

the

Adviser

the

reasons

for

such

results,

consider

whether

any

steps

are

necessary

or

appropriate

to

address

such

issues,

discuss

and

evaluate

the

potential

consequences

of

such

steps

and

review

the

results

of

any

steps

undertaken.

The

performance

determinations

with

respect

to

each

Fund

are

summarized

below.

For

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

(the

“AMT-Free

Municipal

Credit

Income

Fund”),

the

Board

considered

that

although

the

Fund’s

performance

was

below

the

performance

of

its

blended

benchmark

for

the

three-

and

five-year

periods

ended

December

31,

2023,

the

Fund

outperformed

its

blended

benchmark

for

the

one-year

period

ended

December

31,

2023

and

ranked

in

the

first

quartile

of

its

Performance

Peer

Group

for

the

one-

and

five-year

periods

and

third

quartile

for

the

three-year

period

ended

December

31,

2023.

In

addition,

although

the

Fund’s

performance

was

below

the

performance

of

its

blended

benchmark

for

the

three-

and

five-year

periods

ended

March

31,

2024,

the

Fund

outperformed

its

blended

benchmark

for

the

one-year

period

ended

March

31,

2024

and

ranked

in

the

first

quartile

of

its

Performance

Peer

Group

for

the

one-

and

five-year

periods

and

third

quartile

for

the

three-year

period

ended

March

31,

2024.

In

its

review,

the

Board

considered

that

the

Performance

Peer

Group

was

classified

as

low

for

relevancy.

On

the

basis

of

the

Board’s

ongoing

review

of

investment

performance

and

all

relevant

factors,

including

the

relative

market

conditions

during

certain

reporting

periods,

the

Fund’s

investment

objective(s)

and

management’s

discussion

of

performance,

the

Board

concluded

that

the

Fund’s

performance

supported

renewal

of

the

Advisory

Agreements.

For

Nuveen

Municipal

Credit

Income

Fund

(the

“Municipal

Credit

Income

Fund”),

the

Board

considered

that

although

the

Fund’s

performance

was

below

the

performance

of

its

blended

benchmark

for

the

three-

and

five-year

periods

ended

December

31,

2023,

the

Fund

outperformed

its

blended

benchmark

for

the

one-year

period

ended

December

31,

2023

and

ranked

in

the

first

quartile

of

its

Performance

Peer

Group

for

the

one-

and

five-year

periods

and

second

quartile

for

the

three-year

period

ended

December

31,

2023.

In

addition,

although

the

Fund’s

performance

was

below

the

performance

of

its

blended

benchmark

for

the

three-

and

five-year

periods

ended

March

31,

2024,

the

Fund

outperformed

its

blended

benchmark

for

the

one-year

period

ended

March

31,

2024

and

ranked

in

the

first

quartile

of

its

Performance

Peer

Group

for

the

one-,

three-

and

five-year

periods

ended

March

31,

2024.

In

its

review,

the

Board

considered

that

the

Performance

Peer

Group

was

classified

as

low

for

relevancy.

On

the

basis

of

the

Board’s

ongoing

review

of

investment

performance

and

all

relevant

factors,

including

the

relative

market

conditions

during

certain

reporting

periods,

the

Fund’s

investment

objective(s)

and

management’s

discussion

of

performance,

the

Board

concluded

that

the

Fund’s

performance

supported

renewal

of

the

Advisory

Agreements.

For

Nuveen

Municipal

High

Income

Opportunity

Fund

(the

“Municipal

High

Income

Opportunity

Fund”),

the

Board

considered

that

although

the

Fund’s

performance

was

below

the

performance

of

its

benchmark

for

the

one-,

three-

and

five-year

periods

ended

December

31,

2023,

the

Fund

ranked

in

the

first

quartile

of

its

Performance

Peer

Group

for

the

one-year

period

and

second

quartile

for

the

three-

and

five-year

periods

ended

December

31,

2023.

In

addition,

although

the

Fund’s

performance

was

below

the

performance

of

its

benchmark

for

the

one-,

three-

and

five-year

periods

ended

March

31,

2024,

the

Fund

ranked

in

the

second

quartile

of

its

Performance

Peer

Group

for

the

one-,

three-

and

five-year

periods

ended

March

31,

2024.

On

the

basis

of

the

Board’s

ongoing

review

of

investment

performance

and

all

relevant

factors,

including

the

relative

market

conditions

during

certain

reporting

periods,

the

Fund’s

investment

objective(s)

and

management’s

discussion

of

performance,

the

Board

concluded

that

the

Fund’s

performance

supported

renewal

of

the

Advisory

Agreements.

223

For

Nuveen

Municipal

Credit

Opportunities

Fund

(the

“Municipal

Credit

Opportunities

Fund”),

the

Board

considered

that

although

the

Fund’s

performance

was

below

the

performance

of

its

benchmark

for

the

one-

and

three-year

periods

ended

December

31,

2023

and

the

Fund

ranked

in

the

fourth

quartile

of

its

Performance

Peer

Group

for

the

one-year

period

ended

December

31,

2023,

the

Fund

ranked

in

the

second

quartile

of

its

Performance

Peer

Group

for

the

three-year

period

ended

December

31,

2023.

Similarly,

although

the

Fund’s

performance

was

below

the

performance

of

its

benchmark

for

the

one-

and

three-year

periods

ended

March

31,

2024

and

the

Fund

ranked

in

the

fourth

quartile

of

its

Performance

Peer

Group

for

the

one-year

period

ended

March

31,

2024,

the

Fund

ranked

in

the

second

quartile

of

its

Performance

Peer

Group

for

the

three-year

period

ended

March

31,

2024.

On

the

basis

of

the

Board’s

ongoing

review

of

investment

performance

and

all

relevant

factors,

including

the

relative

market

conditions

during

certain

reporting

periods,

the

Fund’s

investment

objective(s)

and

management’s

discussion

of

performance,

the

Board

concluded

that

the

Fund’s

performance

supported

renewal

of

the

Advisory

Agreements.

For

Nuveen

Dynamic

Municipal

Opportunities

Fund

(the

“Dynamic

Municipal

Opportunities

Fund”),

the

Board

considered

that

although

the

Fund’s

performance

was

below

the

performance

of

its

benchmark

and

the

Fund

ranked

in

the

fourth

quartile

of

its

Performance

Peer

Group

for

the

three-year

period

ended

December

31,

2023,

the

Fund

outperformed

its

benchmark

and

ranked

in

the

second

quartile

of

its

Performance

Peer

Group

for

the

one-year

period

ended

December

31,

2023.

In

addition,

although

the

Fund’s

performance

was

below

the

performance

of

its

benchmark

and

the

Fund

ranked

in

the

fourth

quartile

of

its

Performance

Peer

Group

for

the

three-year

period

ended

March

31,

2024,

the

Fund

outperformed

its

benchmark

and

ranked

in

the

first

quartile

of

its

Performance

Peer

Group

for

the

one-year

period

ended

March

31,

2024.

In

its

review,

the

Board

considered

that

the

Performance

Peer

Group

was

classified

as

low

for

relevancy.

On

the

basis

of

the

Board’s

ongoing

review

of

investment

performance

and

all

relevant

factors,

including

the

relative

market

conditions

during

certain

reporting

periods,

the

Fund’s

investment

objective(s)

and

management’s

discussion

of

performance,

the

Board

concluded

that

the

Fund’s

performance

supported

renewal

of

the

Advisory

Agreements.

C.

Fees,

Expenses

and

Profitability

1.

Fees

and

Expenses

As

part

of

its

annual

review,

the

Board

generally

reviewed,

among

other

things,

with

respect

to

the

Nuveen

closed-end

funds,

the

contractual

management

fee

and

the

actual

management

fee

(i.e.,

the

management

fee

after

taking

into

consideration

fee

waivers

and/or

expense

reimbursements,

if

any)

paid

by

a

Fund

to

the

Adviser

in

light

of

the

nature,

extent

and

quality

of

the

services

provided.

The

Board

also

reviewed

information

about

other

expenses

and

the

total

operating

expense

ratio

of

each

Fund

(after

any

fee

waivers

and/or

expense

reimbursements).

More

specifically,

the

Board

Members

reviewed,

among

other

things,

each

Fund’s

management

fee

rates

and

net

total

expense

ratio

in

relation

to

similar

data

for

a

comparable

universe

of

funds

(the

“Expense

Universe”)

established

by

Broadridge.

The

Board

Members

reviewed

the

methodology

Broadridge

employed

to

establish

its

Expense

Universe

and

considered

that

differences

between

the

applicable

fund

and

its

respective

Expense

Universe

as

well

as

changes

to

the

composition

of

the

Expense

Universe

from

year

to

year,

may

limit

some

of

the

value

of

the

comparative

data.

The

Board

Members

also

considered

that

it

can

be

difficult

to

compare

management

fees

among

funds

as

there

are

variations

in

the

services

that

are

included

for

the

fees

paid.

The

Board

Members

took

these

limitations

and

differences

into

account

when

reviewing

comparative

peer

data.

The

Board

Members

also

considered

a

fund’s

operating

expense

ratio

as

it

more

directly

reflected

a

shareholder’s

total

costs

in

investing

in

the

respective

fund.

In

their

review,

the

Board

Members

considered,

in

particular,

each

fund

with

a

net

total

expense

ratio

(based

on

common

assets

and

excluding

investment-related

costs

such

as

the

costs

of

leverage

and

taxes

for

closed-end

funds)

meeting

certain

expense

or

fee

criteria

when

compared

to

its

Expense

Universe

and

an

analysis

as

to

the

factors

contributing

to

each

such

fund’s

relative

net

total

expense

ratio.

In

addition,

although

the

Board

reviewed

a

fund’s

net

total

expense

ratio

both

including

and

excluding

investment-

related

expenses

(e.g.,

leverage

costs)

for

certain

of

the

closed-end

funds,

the

Board

considered

that

leverage

expenses

will

vary

across

funds

and

peers

because

of

differences

in

the

forms

and

terms

of

leverage

employed

by

the

respective

fund.

Accordingly,

in

reviewing

the

comparative

data

between

a

fund

and

its

peers,

the

Board

generally

considered

the

fund’s

net

total

expense

ratio

and

fees

excluding

investment-related

costs

and

taxes

for

the

closed-end

funds.

The

Board

also

considered

that

the

use

of

leverage

for

closed-end

funds

may

create

a

conflict

of

interest

for

NFAL

and

the

applicable

sub-adviser

given

the

increase

of

assets

from

leverage

upon

which

an

advisory

or

sub-advisory

fee

is

based.

The

Board

Members

considered,

however,

that

NFAL

and

the

sub-advisers

(as

applicable)

would

seek

to

manage

the

potential

conflict

by

recommending

to

the

Board

to

leverage

the

applicable

fund

or

increase

such

leverage

when

NFAL

and/or

a

sub-

adviser,

as

applicable,

has

determined

that

such

action

would

be

in

the

best

interests

of

the

respective

fund

and

its

common

shareholders

and

by

periodically

reviewing

with

the

Board

the

fund’s

performance

and

the

impact

of

the

use

of

leverage

on

that

performance.

The

Board

Members

also

considered,

in

relevant

part,

a

Fund’s

management

fee

and

net

total

expense

ratio

in

light

of

the

Fund’s

performance

history,

including

reviewing

certain

funds

identified

by

management

and/or

the

Board

as

having

a

higher

net

total

expense

ratio

or

management

fee

compared

to

their

respective

peers

coupled

with

experiencing

periods

of

challenged

performance

and

considering

the

reasons

for

such

comparative

positions.

In

their

evaluation

of

the

fee

arrangements

for

the

Funds,

the

Board

Members

also

reviewed

the

management

fee

schedules

and

the

expense

reimbursements

and/or

fee

waivers

agreed

to

by

the

Adviser

for

the

respective

fund

(if

any).

In

its

review,

the

Board

considered

that

the

management

fees

of

the

Nuveen

funds

were

generally

comprised

of

two

components,

a

fund-level

component

and

a

complex-level

component,

each

with

its

own

breakpoint

schedule,

subject

to

certain

exceptions.

As

indicated

above,

the

Board

approved

a

revised

fee

schedule

which

would

reduce

and

streamline

the

asset

thresholds

necessary

to

meet

breakpoints

in

the

complex-level

fee

component.

The

Board

considered

that

management

anticipated

approximately

$50

million

in

savings

for

Nuveen

fund

shareholders

as

a

result

of

the

revised

fee

schedule

as

well

as

additional

estimated

savings

over

time.

The

Board

further

considered

management’s

representation

that

there

will

be

no

increase

to

any

Nuveen

fund’s

respective

advisory

agreement

fee

rate

as

a

result

of

the

revised

complex-level

fee

schedule.

224

Annual

Investment

Management

Agreement

Approval

Process

(Unaudited)

(continued)

In

its

review,

the

Board

considered

that

across

the

Nuveen

fund

and

TC

fund

complex,

management

estimated

that

fund-level

breakpoints

resulted

in

approximately

$82.5

million

in

reduced

fees

overall

in

2023.

In

addition,

the

Board

considered

that

management

determined

that

the

Nuveen

funds

achieved

additional

fee

reductions

of

approximately

$49

million

due

to

the

complex-wide

management

fee

structure

in

2023.

With

respect

to

the

Sub-Adviser,

the

Board

also

considered,

among

other

things,

the

sub-advisory

fee

schedule

paid

to

the

Sub-Adviser

in

light

of

the

sub-advisory

services

provided

to

the

respective

Fund.

In

its

review,

the

Board

considered

that

the

compensation

paid

to

the

Sub-Adviser

is

the

responsibility

of

NFAL,

not

the

Funds.

The

Board’s

considerations

regarding

the

comparative

fee

data

for

each

of

the

Funds

are

set

forth

below.

For

the

AMT-Free

Municipal

Credit

Income

Fund,

although

the

Fund’s

actual

management

fee

rate

and

net

total

expense

ratio

were

above

the

Expense

Universe

median,

the

Fund’s

contractual

management

fee

rate

was

slightly

(approximately

6

basis

points)

above

the

Expense

Universe

median.

For

the

Municipal

Credit

Income

Fund,

although

the

Fund’s

actual

management

fee

rate

and

net

total

expense

ratio

were

above

the

Expense

Universe

median,

the

Fund’s

contractual

management

fee

rate

was

slightly

(approximately

6

basis

points)

above

the

Expense

Universe

median.

For

the

Municipal

High

Income

Opportunity

Fund,

although

the

Fund’s

contractual

management

fee

rate

and

actual

management

fee

rate

were

slightly

above

(generally

within

6

basis

points

of)

the

Expense

Universe

median,

the

Fund’s

net

total

expense

ratio

was

below

the

Expense

Universe

median.

For

the

Municipal

Credit

Opportunities

Fund,

the

Fund’s

contractual

management

fee

rate,

actual

management

fee

rate

and

net

total

expense

ratio

were

above

the

Expense

Universe

median.

The

Board,

however,

considered,

among

other

things,

that

the

differences

in

the

Fund’s

investment

strategy

relative

to

the

peer

set

contributed

to

the

differential,

that

the

fees

were

initially

proposed

in

consideration

of

the

Fund’s

unique

mandates

and

that

the

Fund’s

management

fees

on

common

assets

were

in-line

with

and

total

expenses

slightly

lower

than

initial

projections

prior

to

the

Fund’s

launch.

For

the

Dynamic

Municipal

Opportunities

Fund,

the

Fund’s

contractual

management

fee

rate,

actual

management

fee

rate

and

net

total

expense

ratio

were

above

the

Expense

Universe

median.

The

Board,

however,

considered,

among

other

things,

that

the

differences

in

the

Fund’s

investment

strategy

relative

to

the

peer

set

contributed

to

the

differential,

that

the

fees

were

initially

proposed

in

consideration

of

the

Fund’s

unique

mandates

and

that

the

Fund’s

management

fees

on

common

assets

and

total

expenses

were

lower

than

initial

projections

prior

to

the

Fund’s

launch.

Based

on

its

review

of

the

information

provided,

the

Board

determined

that

each

Fund’s

management

fees

(as

applicable)

to

a

Fund

Adviser

were

reasonable

in

light

of

the

nature,

extent

and

quality

of

services

provided

to

the

Fund.

2.

Comparisons

with

the

Fees

of

Other

Clients

In

evaluating

the

appropriateness

of

fees,

the

Board

also

considered

that

the

Adviser,

affiliated

sub-advisers

and/or

their

affiliate(s)

provide

investment

management

services

to

other

types

of

clients

which

may

include:

separately

managed

accounts,

retail

managed

accounts,

foreign

funds

(UCITS),

other

investment

companies

(as

sub-advisers),

limited

partnerships

and

collective

investment

trusts.

The

Board

reviewed

the

equal

weighted

average

fee

or

other

fee

data

for

the

other

types

of

clients

managed

in

a

similar

manner

to

certain

of

the

Nuveen

funds

and

TC

funds.

The

Board

considered

the

Adviser’s

rationale

for

the

differences

in

the

management

fee

rates

of

the

funds

compared

to

the

management

fee

rates

charged

to

these

other

types

of

clients.

In

this

regard,

the

Board

considered

that

differences,

including

but

not

limited

to,

the

amount,

type

and

level

of

services

provided

by

the

Adviser

to

the

funds

compared

to

that

provided

to

other

clients

as

well

as

differences

in

investment

policies;

regulatory,

disclosure

and

governance

requirements;

servicing

relationships

with

vendors;

the

manner

of

managing

such

assets;

product

structure;

investor

profiles;

and

account

sizes

all

may

contribute

to

variations

in

relative

fee

rates.

Further,

differences

in

the

client

base,

governing

bodies,

distribution,

jurisdiction

and

operational

complexities

also

would

contribute

to

variations

in

management

fees

assessed

the

funds

compared

to

foreign

fund

clients.

In

addition,

differences

in

the

level

of

advisory

services

required

for

passively

managed

funds

also

contribute

to

differences

in

the

management

fee

levels

of

such

funds

compared

to

actively

managed

funds.

As

a

general

matter,

higher

fee

levels

reflect

higher

levels

of

service

provided

by

the

Adviser,

increased

investment

management

complexity,

greater

product

management

requirements,

and

higher

levels

of

business

risk

or

some

combination

of

these

factors.

The

Board

considered

the

wide

range

of

services

in

addition

to

investment

management

that

the

Adviser

had

provided

to

the

funds

compared

to

other

types

of

clients

as

well

as

the

increased

entrepreneurial,

legal

and

regulatory

risks

that

the

Adviser

incurs

in

sponsoring

and

managing

the

funds.

The

Board

further

considered

that

a

sub-adviser’s

fee

is

essentially

for

portfolio

management

services

and

therefore

more

comparable

to

the

fees

it

receives

for

retail

wrap

accounts

and

other

external

sub-advisory

mandates.

The

Board

concluded

that

the

varying

levels

of

fees

were

reasonable

given,

among

other

things,

the

more

extensive

services,

regulatory

requirements

and

legal

liabilities,

and

the

entrepreneurial,

legal

and

regulatory

risks

incurred

in

sponsoring

and

advising

a

registered

investment

company

compared

to

that

required

in

advising

other

types

of

clients.

3.

Profitability

of

Fund

Advisers

In

their

review,

the

Board

Members

considered

various

profitability

data

relating

to

the

Fund

Advisers’

services

to

the

Nuveen

funds.

225

With

respect

to

the

Nuveen

funds,

the

Board

Members

reviewed

the

estimated

profitability

information

of

Nuveen

as

a

result

of

its

advisory

services

to

the

Nuveen

funds

overall

as

well

as

profitability

data

of

certain

other

asset

management

firms.

Such

profitability

information

included,

among

other

things,

gross

and

net

revenue

margins

(excluding

distribution)

of

Nuveen

Investments,

Inc.

(“Nuveen

Investments”)

for

services

to

the

Nuveen

funds

on

a

pre-tax

and

after-tax

basis

for

the

2023

and

2022

calendar

years

as

well

as

the

revenues

earned

(less

any

expense

reimbursements/fee

waivers)

and

expenses

incurred

by

Nuveen

Investments

for

its

advisory

activities

to

the

Nuveen

funds

(excluding

distribution)

for

the

2023

and

2022

calendar

years.

The

Board

Members

also

considered

the

rationale

for

the

change

in

Nuveen’s

profitability

from

2022

to

2023.

In

addition,

the

Board

reviewed

the

revenues,

expenses

and

operating

margin

(pre-

and

after-tax)

NFAL

derived

from

its

exchange-traded

fund

product

line

for

the

2023

and

2022

calendar

years.

In

developing

the

profitability

data,

the

Board

Members

considered

the

subjective

nature

of

calculating

profitability

as

the

information

is

not

audited

and

is

necessarily

dependent

on

cost

allocation

methodologies

to

allocate

expenses

throughout

the

complex

and

among

the

various

advisory

products.

Given

there

is

no

single

universally

recognized

expense

allocation

methodology

and

that

other

reasonable

and

valid

allocation

methodologies

could

be

employed

and

could

lead

to

significantly

different

results,

the

Board

reviewed,

among

other

things,

a

description

of

the

cost

allocation

methodologies

employed

to

develop

the

financial

information,

a

summary

of

the

refinements

Nuveen

had

made

to

the

methodology

that

had

occurred

over

the

years

from

2010

through

2021

to

provide

Nuveen’s

profitability

analysis,

and

a

historical

expense

analysis

of

Nuveen

Investments’

revenues,

expenses

and

pre-tax

net

revenue

margins

derived

from

its

advisory

services

to

the

Nuveen

funds

(excluding

distribution)

for

the

calendar

years

from

2017

through

2023.

The

Board

of

the

Nuveen

funds

had

also

appointed

two

Board

Members

to

serve

as

the

Board’s

liaisons

to

meet

with

representatives

of

NFAL

and

review

the

development

of

the

profitability

data

and

to

report

to

the

full

Board.

In

addition,

the

Board

considered

certain

comparative

operating

margin

data.

In

this

regard,

the

Board

reviewed

the

operating

margins

of

Nuveen

Investments

compared

to

the

adjusted

operating

margins

of

a

peer

group

of

asset

management

firms

with

publicly

available

data

and

the

most

comparable

assets

under

management

(based

on

asset

size

and

asset

composition)

to

Nuveen.

The

Board

considered

that

the

operating

margins

of

the

peers

were

adjusted

generally

to

address

that

certain

services

provided

by

the

peers

were

not

provided

by

Nuveen.

The

Board

also

reviewed,

among

other

things,

the

net

revenue

margins

(pre-tax)

of

Nuveen

Investments

on

a

company-wide

basis

and

the

net

revenue

margins

(pre-tax)

of

Nuveen

Investments

derived

from

its

services

to

the

Nuveen

funds

only

(including

and

excluding

distribution)

compared

to

the

adjusted

operating

margins

of

the

peer

group

for

each

calendar

year

from

2014

to

2023.

In

their

review

of

the

comparative

data,

the

Board

Members

considered

the

limitations

of

the

comparative

data

given

that

peer

data

is

not

generally

public

and

the

calculation

of

profitability

is

subjective

and

affected

by

numerous

factors

(such

as

types

of

funds

a

peer

manages,

its

business

mix,

its

cost

of

capital,

the

numerous

assumptions

underlying

the

methodology

used

to

allocate

expenses

and

other

factors)

that

can

have

a

significant

impact

on

the

results.

Aside

from

the

profitability

data,

the

Board

considered

that

NFAL

and

TAL

are

affiliates

of

Teachers

Insurance

and

Annuity

Association

of

America

(“TIAA”).

NFAL

is

a

subsidiary

of

Nuveen,

LLC,

the

investment

management

arm

of

TIAA,

and

TAL

is

an

indirect

wholly

owned

subsidiary

of

TIAA.

Accordingly,

the

Board

also

reviewed

a

balance

sheet

for

TIAA

reflecting

its

assets,

liabilities

and

capital

and

contingency

reserves

for

the

2023

and

2022

calendar

years

to

consider

the

financial

strength

of

TIAA.

The

Board

considered

the

benefit

of

an

investment

adviser

and

its

parent

with

significant

resources,

particularly

during

periods

of

market

volatility.

The

Board

also

considered

the

reinvestments

the

Adviser,

its

parent

and/

or

other

affiliates

made

into

their

business

through,

among

other

things,

the

investment

of

seed

capital

in

certain

funds,

initiatives

in

international

expansion,

investments

in

infrastructure

and

continued

investments

in

enhancements

to

technological

capabilities.

The

Board

Members

considered

the

profitability

of

the

Sub-Adviser

from

its

relationships

with

the

respective

Nuveen

funds.

In

this

regard,

the

Board

Members

reviewed,

among

other

things,

the

Sub-Adviser’s

revenues,

expenses

and

net

revenue

margins

(pre-

and

after-tax)

for

its

advisory

activities

to

the

respective

Nuveen

funds

for

the

calendar

years

ended

December

31,

2023

and

December

31,

2022.

The

Board

Members

also

reviewed

a

profitability

analysis

reflecting

the

revenues,

expenses

and

revenue

margin

(pre-

and

after-tax)

grouped

by

similar

types

of

funds

(such

as

municipal,

taxable

fixed

income,

equity,

real

assets

and

index/asset

allocation)

for

the

Sub-Adviser

for

the

calendar

years

ending

December

31,

2023

and

December

31,

2022.

In

evaluating

the

reasonableness

of

the

compensation,

the

Board

Members

also

considered

the

indirect

benefits

NFAL

or

the

Sub-Adviser

received

that

were

directly

attributable

to

the

management

of

the

applicable

funds

as

discussed

in

further

detail

below.

Based

on

its

review,

the

Board

was

satisfied

that

each

Fund

Adviser’s

level

of

profitability

from

its

relationship

with

each

Nuveen

fund

was

not

unreasonable

over

various

time

frames

in

light

of

the

nature,

extent

and

quality

of

services

provided.

D.

Economies

of

Scale

and

Whether

Fee

Levels

Reflect

These

Economies

of

Scale

The

Board

considered

whether

there

have

been

economies

of

scale

with

respect

to

the

management

of

the

funds

in

the

fund

complex,

whether

these

economies

of

scale

have

been

appropriately

shared

with

such

funds

and

whether

there

is

potential

for

realization

of

further

economies

of

scale.

Although

the

Board

considered

that

economies

of

scale

are

difficult

to

measure

with

any

precision

and

the

rates

at

which

certain

expenses

are

incurred

may

not

decline

with

a

rise

in

assets,

the

Board

considered

that

there

are

various

methods

that

may

be

employed

to

help

share

the

benefits

of

economies

of

scale,

including,

among

other

things,

through

the

use

of

breakpoints

in

the

management

fee

schedule,

fee

waivers

and/or

expense

limitations,

the

pricing

of

funds

at

scale

at

inception

and

investments

in

the

Adviser’s

business

which

can

enhance

the

services

provided

to

the

applicable

funds

for

the

fees

paid.

The

Board

considered

that

the

Adviser

has

generally

employed

one

or

more

of

these

various

methods

among

the

applicable

funds.

In

this

regard,

the

Board

considered,

as

noted

above,

that

the

management

fee

of

NFAL

generally

was

comprised

of

a

fund-level

component

and

a

complex-level

component

each

with

its

own

breakpoint

schedule,

subject

to

certain

exceptions.

With

this

structure,

the

Board

considered

that

the

complex-level

breakpoint

schedule

was

designed

to

deliver

the

benefits

of

economies

of

scale

to

shareholders

when

the

assets

of

eligible

funds

in

the

complex

pass

certain

thresholds

even

if

the

assets

of

a

particular

fund

are

unchanged

or

have

declined,

and

the

fund-level

breakpoint

schedules

were

designed

to

share

economies

of

scale

with

shareholders

if

the

particular

fund

grows.

The

Board

reviewed

the

fund-level

and

complex-level

fee

schedules.

As

summarized

above,

the

Board

approved

a

new

complex-level

breakpoint

schedule

which

would

simplify

and

reduce

the

complex-level

226

Annual

Investment

Management

Agreement

Approval

Process

(Unaudited)

(continued)

fee

rates

at

various

thresholds

and

expanded

the

eligible

funds

whose

assets

would

be

included

in

calculating

the

complex-level

fee,

effective

May

1,

2024.

Among

other

things,

the

assets

of

certain

TC

funds

advised

by

TAL

would

be

phased

into

the

calculation

of

the

complex-wide

assets

in

determining

the

complex-level

fee

over

a

ten-year

period.

The

Board

considered

the

cost

savings

and

additional

potential

sharing

of

economies

of

scale

as

a

result

of

the

reduced

complex-level

breakpoint

schedule

and

the

additional

assets

from

more

eligible

funds

in

calculating

the

assets

of

the

complex

for

determining

the

complex-level

fee

component.

The

Board

reviewed

the

projected

shareholder

savings

derived

from

such

modifications

over

a

ten-year

period

from

2024

to

2033.

The

Board

considered

management’s

representation

that

there

will

be

no

increase

to

any

fund’s

respective

advisory

agreement

fee

rate.

The

Board

also

considered

that

with

respect

to

Nuveen

closed-end

funds,

although

closed-end

funds

may

make

additional

share

offerings

from

time

to

time,

the

closed-end

funds

have

a

more

limited

ability

to

increase

their

assets

because

the

growth

of

their

assets

will

occur

primarily

from

the

appreciation

of

their

investment

portfolios.

The

Board

Members

also

considered

the

continued

reinvestment

in

Nuveen/TIAA’s

business

to

enhance

its

capabilities

and

services

to

the

benefit

of

its

various

clients.

The

Board

understood

that

many

of

these

investments

were

not

specific

to

individual

funds

but

rather

incurred

across

a

variety

of

products

and

services

pursuant

to

which

the

family

of

funds

as

a

whole

may

benefit.

The

Board

further

considered

that

the

Adviser

and

its

affiliates

have

provided

certain

additional

services,

including,

but

not

limited

to,

services

required

by

new

regulations

and

regulatory

interpretations,

without

raising

advisory

fees

to

the

funds,

and

this

was

also

a

means

of

sharing

economies

of

scale

with

the

funds

and

their

shareholders.

The

Board

considered

the

Adviser’s

and/or

its

affiliates’

ongoing

efforts

to

streamline

the

product

line-up,

among

other

things,

to

create

more

scaled

funds

which

may

help

improve

both

expense

and

trading

economies.

Based

on

its

review,

the

Board

was

satisfied

that

the

current

fee

arrangements

together

with

the

reinvestment

in

management’s

business

appropriately

shared

any

economies

of

scale

with

shareholders.

E.

Indirect

Benefits

The

Board

Members

received

and

considered

information

regarding

various

indirect

benefits

the

respective

Fund

Adviser

or

its

affiliates

may

receive

as

a

result

of

their

relationship

with

the

funds

in

the

fund

complex.

These

benefits

included,

among

other

things,

economies

of

scale

to

the

extent

the

Adviser

or

its

affiliates

share

investment

resources

and/or

personnel

with

other

clients

of

the

Adviser.

The

funds

may

also

be

used

as

investment

options

for

other

products

or

businesses

offered

by

the

Adviser

and/or

its

affiliates,

such

as

variable

products,

fund

of

funds

and

529

education

savings

plans,

and

affiliates

of

the

Adviser

may

serve

as

sub-advisers

to

various

funds

in

which

case

all

advisory

and

sub-advisory

fees

generated

by

such

funds

stay

within

Nuveen.

The

Board

considered

that

an

affiliate

of

the

Adviser

received

compensation

in

2023

for

serving

as

an

underwriter

on

shelf

offerings

of

existing

Nuveen

closed-end

funds

and

reviewed

the

amounts

paid

for

such

services

in

2023

and

2022.

In

addition,

the

Board

Members

considered

that

the

Adviser

and

Sub-Adviser

may

utilize

soft

dollar

brokerage

arrangements

attributable

to

the

respective

funds

to

obtain

research

and

other

services

for

any

or

all

of

their

clients,

although

the

Board

Members

also

considered

reimbursements

of

such

costs

by

the

Adviser

and/or

Sub-Adviser.

The

Adviser

and

its

affiliates

may

also

benefit

from

the

advisory

relationships

with

the

funds

in

the

fund

complex

to

the

extent

this

relationship

results

in

potential

investors

viewing

the

TIAA

group

of

companies

as

a

leading

retirement

plan

provider

in

the

academic

and

nonprofit

market

and

a

single

source

for

all

their

financial

service

needs.

The

Adviser

and/or

its

affiliates

may

further

benefit

to

the

extent

that

they

have

pricing

or

other

information

regarding

vendors

the

funds

utilize

in

establishing

arrangements

with

such

vendors

for

other

products.

Based

on

its

review,

the

Board

concluded

that

any

indirect

benefits

received

by

a

Fund

Adviser

as

a

result

of

its

relationship

with

the

Funds

were

reasonable

in

light

of

the

services

provided.

F.

Other

Considerations

The

Board

Members

did

not

identify

any

single

factor

discussed

previously

as

all-important

or

controlling.

The

Board

Members

concluded

that

the

terms

of

each

Advisory

Agreement

were

reasonable,

that

the

respective

Fund

Adviser’s

fees

were

reasonable

in

light

of

the

services

provided

to

each

Fund

and

that

the

Advisory

Agreements

be

renewed

for

an

additional

one-year

period.

Nuveen

Securities,

LLC,

member

FINRA

and

SIPC

333

West

Wacker

Drive

Chicago,

IL

60606

www.nuveen.com

ESA-C-0424P

3614432-INV-B-06/25

Nuveen:

Serving

Investors

for

Generations

Since

1898,

financial

advisors

and

their

clients

have

relied

on

Nuveen

to

provide

dependable

investment

solutions

through

continued

adherence

to

proven,

long-term

investing

principles.

Today,

we

offer

a

range

of

high

quality

solutions

designed

to

be

integral

components

of

a

well-diversified

core

portfolio.

Focused

on

meeting

investor

needs.

Nuveen

is

the

investment

manager

of

TIAA.

We

have

grown

into

one

of

the

world’s

premier

global

asset

managers,

with

specialist

knowledge

across

all

major

asset

classes

and

particular

strength

in

solutions

that

provide

income

for

investors

and

that

draw

on

our

expertise

in

alternatives

and

responsible

investing.

Nuveen

is

driven

not

only

by

the

independent

investment

processes

across

the

firm,

but

also

the

insights,

risk

management,

analytics

and

other

tools

and

resources

that

a

truly

world-class

platform

provides.

As

a

global

asset

manager,

our

mission

is

to

work

in

partnership

with

our

clients

to

create

solutions

which

help

them

secure

their

financial

future.

Find

out

how

we

can

help

you.

To

learn

more

about

how

the

products

and

services

of

Nuveen

may

be

able

to

help

you

meet

your

financial

goals,

talk

to

your

financial

advisor,

or

call

us

at

(800)

257-8787.

Please

read

the

information

provided

carefully

before

you

invest.

Investors

should

consider

the

investment

objective

and

policies,

risk

considerations,

charges

and

expenses

of

any

investment

carefully.

Where

applicable,

be

sure

to

obtain

a

prospectus,

which

contains

this

and

other

relevant

information.

To

obtain

a

prospectus,

please

contact

your

securities

representative

or

Nuveen,

333

W.

Wacker

Dr.,

Chicago,

IL

60606.

Please

read

the

prospectus

carefully

before

you

invest

or

send

money.

Learn

more

about

Nuveen

Funds

at:

www.nuveen.com/closed-end-funds

NOT

FDIC

INSURED

MAY

LOSE

VALUE

NO

BANK

GUARANTEE

ITEM 2. CODE OF ETHICS.

Not applicable to this filing.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable to this filing.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable to this filing.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable to this filing.

ITEM 6. SCHEDULE OF INVESTMENTS.

(a) See Portfolio of Investments in Item 1.

(b) Not applicable.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to this filing.

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to this filing.

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board implemented after the registrant last provided disclosure in response to this Item.

ITEM 11. 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 Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)(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 period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 13. EXHIBITS.

File the exhibits listed below as part of this Form.

(a)(1) Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing.

(a)(2) 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)) in the exact form set forth below: See Ex-99.CERT attached hereto.

(a)(3) Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons: Not applicable.

(a)(4) Change in the registrant’s independent public accountant. Not applicable.

(b) If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)); Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an exhibit. A certificationfurnished pursuant to this paragraph will not be deemed “filed” for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to beincorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference: See Ex-99.906 CERT attachedhereto.

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 Dynamic Municipal Opportunities Fund

By (Signature and Title)	/s/ David J. Lamb
	David J. Lamb
	Chief Administrative Officer

Date: July 2, 2024

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/ David J. Lamb
	David J. Lamb
	Chief Administrative Officer
	(principal executive officer)

Date: July 2, 2024

By (Signature and Title)	/s/ E. Scott Wickerham
	E. Scott Wickerham
	Vice President and Controller
	(principal financial officer)

Date: July 2, 2024