0001752724-20-219108.txt : 20201029 0001752724-20-219108.hdr.sgml : 20201029 20201028195311 ACCESSION NUMBER: 0001752724-20-219108 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200831 FILED AS OF DATE: 20201029 PERIOD START: 20210531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN MULTISTATE TRUST IV CENTRAL INDEX KEY: 0001018973 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07751 FILM NUMBER: 201270060 BUSINESS ADDRESS: STREET 1: C/O JOHN NUVEEN & CO INC STREET 2: 333 WEST WACKER DRIVE 32ND FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178200 MAIL ADDRESS: STREET 1: JOHN NUVEEN & CO INC STREET 2: 333 WEST WACKER DRIVE 32ND FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: NUVEEN FLAGSHIP MULTISTATE TRUST IV DATE OF NAME CHANGE: 19960716 0001018973 S000000598 Nuveen Michigan Municipal Bond Fund C000001672 Nuveen Michigan Municipal Bond Fund - Class A FMITX C000001674 Nuveen Michigan Municipal Bond Fund - Class C2 FLMCX C000001675 Nuveen Michigan Municipal Bond Fund - Class I NMMIX C000137707 Class C FAFNX NPORT-P 1 primary_doc.xml NPORT-P false 0001018973 XXXXXXXX S000000598 C000001674 C000001672 C000001675 C000137707 Nuveen Multistate Trust IV 811-07751 0001018973 549300X88GJN1SEFP710 333 W. 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0.635063187212 Long DBT MUN US N 2 2031-07-01 Fixed 5.00000000 N N N N N N Cadillac Area Public Schools, Wexford, Osceola and Lake Counties, Michigan, General Obligaiton Bonds, Refunding & School Building & Site Series 2019 N/A Cadillac Area Public Schools, Wexford, Osceola and Lake Counties, Michigan, General Obligaiton Bonds, Refunding & School Building & Site Series 2019 127433KK5 875000.00000000 PA USD 1116211.25000000 0.364276920798 Long DBT MUN US N 2 2041-05-01 Fixed 5.00000000 N N N N N N Michigan State, General Obligation Bonds, Environmental Program, Refunding Series 2011A N/A Michigan State, General Obligation Bonds, Environmental Program, Refunding Series 2011A 5946107D3 1000000.00000000 PA USD 1059850.00000000 0.345883357212 Long DBT MUN US N 2 2022-12-01 Fixed 5.00000000 N N N N N N Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation Bonds, School Building & Site Series 2019 N/A Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation Bonds, School Building & Site Series 2019 932423UG9 3115000.00000000 PA USD 3954056.40000000 1.290411192374 Long DBT MUN US N 2 2044-05-01 Fixed 5.00000000 N N N N N N Grand Rapids Public Schools, Kent County, Michigan, General Obligation Bonds, Refunding School Building & Site Series 2016 N/A Grand Rapids Public Schools, Kent County, Michigan, General Obligation Bonds, Refunding School Building & Site Series 2016 386280QA2 4325000.00000000 PA USD 5301844.50000000 1.730263504342 Long DBT MUN US N 2 2029-05-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011MI 54930022O46HOX5J1D14 Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011MI 59447TEE9 10000.00000000 PA USD 10587.20000000 0.003455145803 Long DBT MUN US N 2 2039-12-01 Fixed 5.00000000 N N N N N N Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 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Kalamazoo County, Michigan, General Obligation Bonds, Juvenile Home Facilities Series 2017 N/A Kalamazoo County, Michigan, General Obligation Bonds, Juvenile Home Facilities Series 2017 483195YZ0 500000.00000000 PA USD 631725.00000000 0.206164234405 Long DBT MUN US N 2 2031-04-01 Fixed 5.00000000 N N N N N N Lansing Township Downtown Development Authority, Ingham County, Michigan, Tax Increment Bonds, Series 2013A N/A Lansing Township Downtown Development Authority, Ingham County, Michigan, Tax Increment Bonds, Series 2013A 516481AB4 1000000.00000000 PA USD 1066530.00000000 0.348063383467 Long DBT MUN US N 2 2042-02-01 Fixed 5.95000000 N N N N N N Michigan Public Power Agency, AFEC Project Revenue Bonds, Series 2012A N/A Michigan Public Power Agency, AFEC Project Revenue Bonds, Series 2012A 594570KT9 3000000.00000000 PA USD 3136770.00000000 1.023688765771 Long DBT MUN US N 2 2043-01-01 Fixed 5.00000000 N N N N N N Michigan Public Power Agency, Revenue Bonds, Combustion Turbine 1 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3870595.80000000 1.263173722428 Long DBT MUN US N 2 2036-11-15 Fixed 5.00000000 N N N N N N Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2012A N/A Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2012A 944514NS3 1000000.00000000 PA USD 1081890.00000000 0.353076138448 Long DBT MUN US N 2 2042-12-01 Fixed 5.00000000 N N N N N N Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of Wayne Criminal Justice Center Project, Senior Lien Series 2018 54930022O46HOX5J1D14 Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of Wayne Criminal Justice Center Project, Senior Lien Series 2018 59447TSM6 1000000.00000000 PA USD 1234640.00000000 0.402926289709 Long DBT MUN US N 2 2043-11-01 Fixed 5.00000000 N N N N N N Caledonia Community Schools, Kent, Allegan and Barry Counties, Michigan, General Obligation Bonds, School 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Scott Wickerham E. Scott Wickerham Funds Treasurer XXXX NPORT-EX 2 Multistate_Trust_IV.htm
Nuveen Kansas Municipal Bond Fund
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 95.1%        
    MUNICIPAL BONDS – 94.5%        
    Consumer Staples  – 6.3%        
$7,080   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 BBB+ $7,013,873
1,000   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 N/R 1,100,000
1,535   Children's Trust Fund, Puerto Rico, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2002, 5.500%, 5/15/39   10/20 at 100.00 Ba1 1,544,456
500   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2017A-1, 5.000%, 6/01/29   6/27 at 100.00 BBB 611,170
1,005   Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 5.250%, 6/01/32   9/20 at 100.00 N/R 1,005,201
1,500   Iowa Tobacco Settlement Authority, Asset-Backed Settlement Revenue Bonds, Series 2005C, 5.500%, 6/01/42   10/20 at 100.00 B- 1,522,110
750   Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34   10/20 at 100.00 B- 761,055
830   New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, Series 2016A-1, 5.625%, 6/01/35   No Opt. Call BBB 891,843
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%, 6/01/51   6/26 at 100.00 N/R 644,456
320   Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B, 5.000%, 6/01/46   6/28 at 100.00 BB+ 362,752
2,510   TSASC Inc, New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/48   6/27 at 100.00 N/R 2,589,542
17,655   Total Consumer Staples       18,046,458
    Education and Civic Organizations – 3.1%        
250   Kansas Development Finance Authority, Revenue Bonds, Kansas State University Projects, Refunding Series 2016A, 4.000%, 3/01/27   3/24 at 100.00 Aa3 277,925
    Kansas Development Finance Authority, Revenue Bonds, Wichita State University Union Corporation Student Housing Project, Series 2013F-1:        
1,690   5.250%, 6/01/38   6/21 at 100.00 Aa3 1,727,433
2,000   5.250%, 6/01/42   6/21 at 100.00 Aa3 2,042,020
1,000   New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball Stadium Project, Series 2006, 5.000%, 1/01/46  –  AMBAC Insured   10/20 at 100.00 Baa3 993,360
1,000   Topeka, Kansas, Economic Development Revenue Bonds, YMCA Project, Refunding Series 2011A, 6.500%, 9/01/32 (4)   9/21 at 100.00 N/R 310,000
      1

Nuveen Kansas Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$3,135   Washburn University of Topeka, Kansas, Revenue Bonds, Series 2015A, 5.000%, 7/01/35   7/25 at 100.00 A1 $3,566,345
9,075   Total Education and Civic Organizations       8,917,083
    Financials – 0.5%        
1,020   Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series 2005, 5.250%, 10/01/35   No Opt. Call A 1,423,522
    Health Care – 7.3%        
385   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 5.000%, 8/01/39   8/29 at 100.00 BBB+ 468,895
    Hutchinson, Kansas, Hospital Facilities Revenue Bonds, Hutchinson Regional Medical Center, Inc, Series 2016:        
1,075   5.000%, 12/01/36   12/26 at 100.00 Ba1 1,165,053
400   5.000%, 12/01/41   12/26 at 100.00 Ba1 428,864
875   Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network, Series 2016C, 5.000%, 2/15/36   2/27 at 100.00 AA+ 1,049,974
2,000   Kansas Development Finance Authority, Health Facilities Revenue Bonds, Stormont-Vail Health Care Inc, Series 2013J, 5.000%, 11/15/38   11/22 at 100.00 A2 2,130,980
5,000   Lawrence, Kansas, Hospital Revenue Bonds, Lawrence Memorial Hospital, Series 2018A, 5.000%, 7/01/48   7/28 at 100.00 A 5,947,100
3,000   Manhattan, Kansas, Hospital Revenue Bonds, Mercy Regional Health Center, Inc, Refunding Series 2013, 5.000%, 11/15/29   11/22 at 100.00 AA- 3,235,740
2,000   University of Kansas Hospital Authority, Health Facilities Revenue Bonds, KU Health System, Refunding & Improvement Series 2015, 5.000%, 9/01/45   9/25 at 100.00 AA- 2,299,400
    University of Kansas Hospital Authority, Health Facilities Revenue Bonds, University of Kansas Health System, Series 2019B:        
2,205   4.000%, 3/01/37   3/30 at 100.00 AA- 2,583,510
1,490   4.000%, 3/01/38   3/30 at 100.00 AA- 1,739,814
18,430   Total Health Care       21,049,330
    Industrials – 1.4%        
425   Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2010, 6.000%, 12/01/26   10/20 at 100.00 B- 401,425
1,415   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc Project, Series 2012, 4.750%, 8/01/42   8/22 at 100.00 BBB- 1,440,597
1,000   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013, 5.250%, 12/01/25   12/23 at 100.00 BB- 1,046,960
530   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/26, 144A   10/20 at 104.00 BB- 551,693
205   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018A, 5.250%, 12/01/50 (Mandatory Put 12/01/33)   12/22 at 103.00 BB- 213,071
435   New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A   11/24 at 100.00 N/R 461,670
4,010   Total Industrials       4,115,416
2      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Long-Term Care – 3.2%        
$2,500   Kansas Development Finance Authority Revenue Bonds, Village Shalom Project, Series 2018A, 5.250%, 11/15/53   11/23 at 103.75 N/R $2,368,500
3,125   Kansas Development Finance Authority, Revenue Bonds, Lifespace Communities, Inc, Refunding Series 2010S, 5.000%, 5/15/30   10/20 at 100.00 BBB 3,129,375
2,715   Wichita, Kansas, Health Care Facilities Revenue Bonds, Presbyterian Manors, Series 2013IV-A, 6.375%, 5/15/43   5/23 at 100.00 N/R 2,884,172
665   Wichita, Kansas, Health Care Facilities Revenue Bonds, Presbyterian Manors, Series 2014IV-A, 5.625%, 5/15/44   5/24 at 100.00 N/R 696,208
9,005   Total Long-Term Care       9,078,255
    Tax Obligation/General – 21.3%        
    Allen County Unified School District 257 Iola, Kansas, General Obligation Bonds, School Building Series 2019A:        
1,120   4.000%, 9/01/33  –  BAM Insured   9/28 at 100.00 AA 1,315,306
1,150   4.000%, 9/01/34  –  BAM Insured   9/28 at 100.00 AA 1,347,133
565   Anderson County, Kansas, General Obligation Bonds, Refunding and Improvent Series 2013A, 5.000%, 8/01/33  –  AGM Insured   8/23 at 100.00 AA 636,326
1,000   Butler County Unified School District 490, Kansas, General Obligation Bonds, Refunding Series 2016A, 4.000%, 9/01/35  –  BAM Insured   9/26 at 100.00 AA 1,145,530
2,250   Johnson County Unified School District 229, Blue Valley, Kansas, General Obligation Bonds, Series 2012A, 5.000%, 10/01/23  –  NPFG Insured   10/22 at 100.00 Aaa 2,474,370
2,000   Johnson County Unified School District 231 Gardner Edgerton, Kansas, General Obligation Bonds, Refunding & Improvement Series 2012A, 5.000%, 10/01/23   10/22 at 100.00 AA- 2,195,920
2,200   Johnson County Unified School District 231 Gardner Edgerton, Kansas, General Obligation Bonds, Refunding & Improvement Series 2013A, 5.000%, 10/01/28   10/23 at 100.00 AA- 2,505,426
1,490   Johnson County Unified School District 231 Gardner Edgerton, Kansas, General Obligation Bonds, Refunding & Improvement Series 2016A, 5.000%, 10/01/33   10/25 at 100.00 AA- 1,773,487
1,250   Johnson County Unified School District 512, Shawnee Mission, Kansas, General Obligation Bonds, Refunding & Improvement Series 2015A, 5.000%, 10/01/34   10/25 at 100.00 Aaa 1,500,950
500   Johnson County, Kansas, General Obligation Bonds, General Improvement Series 2016A, 5.000%, 9/01/24   No Opt. Call AAA 593,645
5,000   Johnson County, Kansas, General Obligation Bonds, Internal Improvement Series 2018A, 4.000%, 9/01/34   9/27 at 100.00 AAA 5,948,550
3,000   Johnson/Miami County Unified School District 230 Spring Hill, Kansas, General Obligation Bonds, Series 2011A, 5.250%, 9/01/28   9/21 at 100.00 Aa3 3,147,750
1,000   Johnson/Miami County Unified School District 230 Spring Hill, Kansas, General Obligation Bonds, Series 2018A, 5.000%, 9/01/34   9/27 at 100.00 Aa3 1,252,130
    Leavenworth County Unified School District 453, Kansas, General Obligation Bonds, Series 2018A:        
365   4.000%, 9/01/37   9/26 at 100.00 Aa3 413,165
2,155   4.000%, 9/01/38   9/26 at 100.00 Aa3 2,433,986
1,000   Leavenworth County Unified School District 464, Tonganoxie, Kansas, General Obligation Bonds, Refunding & Improvement Series 2019A, 4.000%, 9/01/45   9/27 at 100.00 A1 1,144,750
      3

Nuveen Kansas Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$2,575   Lyon County Unified School District 253 Emporia, Kansas, General Obligation Bonds, Series 2019, 4.000%, 9/01/48   9/27 at 100.00 A1 $2,877,588
2,345   Puerto Rico, General Obligation Bonds, Refunding Public Improvement Series 2011A, 5.500%, 7/01/27  –  AGM Insured (4)   7/21 at 100.00 AA 2,409,675
4,715   Puerto Rico, General Obligation Bonds, Refunding Public Improvement Series 2012A, 5.000%, 7/01/35  –  AGM Insured (4)   7/22 at 100.00 AA 4,919,018
1,130   Riley County Unified School District 383, Manhattan-Ogen, Kansas, General Obligation Bonds, Refunding Series 2016, 4.000%, 9/01/29   9/26 at 100.00 Aa2 1,345,909
500   Sedgwick County Unified School District 259, Wichita, Kansas, General Obligation Bonds, Refunding Series 2017A, 3.000%, 10/01/22   No Opt. Call Aa2 528,465
2,000   Sedgwick County Unified School District 260, Kansas, General Obligation Bonds, Refunding & School Building Series 2018B, 5.000%, 10/01/40   10/26 at 100.00 Aa3 2,403,180
465   Sedgwick County Unified School District 262, Kansas, General Obligation Bonds, Refunding Series 2017, 4.000%, 9/01/30  –  BAM Insured   9/26 at 100.00 AA 549,109
    Sedgwick County Unified School District 266 Maize, Harvey County, Kansas, General Obligation Bonds, Series 2019A:        
1,325   4.000%, 9/01/30   9/27 at 100.00 AA 1,607,397
1,650   4.000%, 9/01/31   9/27 at 100.00 AA 1,976,948
500   4.000%, 9/01/32   9/27 at 100.00 AA 595,485
2,000   Wichita, Kansas, General Obligation Bonds, Airport Series 2015C, 5.000%, 12/01/39 (AMT)   12/25 at 100.00 AA+ 2,339,120
    Wyandotte County Unified School District 203, Piper, Kansas, General Obligation Bonds, Improvement Series 2018A:        
1,240   5.000%, 9/01/39   9/28 at 100.00 AA- 1,556,659
1,000   5.000%, 9/01/40   9/28 at 100.00 AA- 1,253,170
1,000   4.000%, 9/01/48   9/28 at 100.00 AA- 1,147,920
1,000   Wyandotte County Unified School District 500, Kansas, General Obligation Bonds, Improvement Series 2016A, 4.125%, 9/01/37   9/26 at 100.00 AA- 1,153,870
200   Wyandotte County/Kansas City Unified Government, Kansas, General Obligation Bonds, Improvement Series 2015A, 3.000%, 8/01/28   8/24 at 100.00 AA 215,504
    Wyandotte County/Kansas City Unified Government, Kansas, General Obligation Bonds, Improvement Series 2020A:        
1,515   3.000%, 8/01/30  –  BAM Insured   8/28 at 100.00 AA 1,719,283
2,395   3.000%, 8/01/31  –  BAM Insured   8/28 at 100.00 AA 2,698,638
53,600   Total Tax Obligation/General       61,125,362
    Tax Obligation/Limited – 23.8%        
    Dodge City, Kansas, Sales Tax Revenue Bonds, Refunding Series 2016:        
500   5.000%, 6/01/28  –  AGM Insured   6/27 at 100.00 AA 634,320
1,380   5.000%, 6/01/29  –  AGM Insured   6/27 at 100.00 AA 1,743,727
2,295   5.000%, 6/01/30  –  AGM Insured   6/27 at 100.00 AA 2,890,185
1,320   5.000%, 6/01/31  –  AGM Insured   6/27 at 100.00 AA 1,651,426
4      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D:        
$1,000   5.000%, 11/15/34   11/25 at 100.00 BB $1,104,730
2,000   5.000%, 11/15/39   11/25 at 100.00 BB 2,181,740
250   4.000%, 11/15/39   11/25 at 100.00 BB 258,360
    Government of Guam, Business Privilege Tax Bonds, Series 2011A:        
1,000   5.000%, 1/01/23   1/22 at 100.00 BB 1,039,130
500   5.000%, 1/01/31   1/22 at 100.00 BB 515,565
875   5.125%, 1/01/42   1/22 at 100.00 BB 897,908
1,910   Government of Guam, Business Privilege Tax Bonds, Series 2012B-1, 5.000%, 1/01/42   1/22 at 100.00 BB 1,956,432
990   Government of Guam, Hotel Occupancy Tax Revenue Bonds, Series 2011A, 6.500%, 11/01/40   5/21 at 100.00 BB 999,880
    Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A:        
1,000   5.000%, 12/01/24   No Opt. Call BB 1,116,180
2,000   5.000%, 12/01/25   No Opt. Call BB 2,269,040
1,000   5.000%, 12/01/30   12/26 at 100.00 BB 1,135,350
1,000   5.000%, 12/01/32   12/26 at 100.00 BB 1,130,190
2,275   5.000%, 12/01/33   12/26 at 100.00 BB 2,562,537
4,250   5.000%, 12/01/46   12/26 at 100.00 BB 4,666,840
2,630   Johnson County Community College, Kansas, Certificates of Participation, Series 2017, 4.000%, 10/01/28   10/26 at 100.00 Aa1 3,123,072
5,000   Kansas Department of Transportation, Highway Revenue Bonds, Series 2014A, 5.000%, 9/01/27   9/24 at 100.00 AA 5,878,250
1,500   Kansas Department of Transportation, Highway Revenue Bonds, Series 2015B, 5.000%, 9/01/35   9/25 at 100.00 AA 1,794,420
2,240   Kansas Department of Transportation, Highway Revenue Bonds, Series 2017A, 5.000%, 9/01/33   9/27 at 100.00 AA 2,793,930
    Kansas Development Finance Authority, Kansas, Sales Tax Revenue Bonds, K-State Olathe Innovation Campus Inc, Series 2019H-1:        
1,170   4.000%, 9/01/30   9/27 at 100.00 Aa2 1,402,654
1,265   4.000%, 9/01/32   9/27 at 100.00 Aa2 1,494,446
1,350   3.000%, 9/01/34   9/27 at 100.00 Aa2 1,451,587
7,735   Overland Park Development Corporation, Kansas, Revenue Bonds, Convention Center Hotel, Refunding & improvement Series 2019, 5.000%, 3/01/44   3/29 at 100.00 BB+ 7,925,822
1,440   Overland Park Transportation Development District, Kansas, Sales Tax Revenue Bonds, Oak Park Mall Project, Series 2010, 5.900%, 4/01/32   10/20 at 100.00 BBB 1,440,072
    Overland Park, Kansas, Sales Tax Revenue Bonds, Prairiefire Community Improvement District No 1 Project, Series 2012B:        
200   0.000%, 12/15/29 (4)   12/22 at 100.00 N/R 100,000
200   6.100%, 12/15/34 (4)   12/22 at 100.00 N/R 100,000
2,775   Overland Park, Kansas, Sales Tax Special Obligation Revenue Bonds, Prairiefire at Lionsgate Project, Series 2012, 6.000%, 12/15/32   12/22 at 100.00 N/R 1,299,921
      5

Nuveen Kansas Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N:        
$410   1.449%, 7/01/27 (4)   No Opt. Call C $379,763
295   5.250%, 7/01/32  –  NPFG Insured (4)   No Opt. Call Baa2 303,508
430   5.250%, 7/01/33  –  NPFG Insured (4)   No Opt. Call Baa2 442,001
1,000   Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Refunding Series 2005C, 5.500%, 7/01/27  –  AMBAC Insured (4)   No Opt. Call C 1,089,030
2,000   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A, 5.000%, 10/01/32  –  AGM Insured   10/22 at 100.00 AA 2,155,800
1,820   Wyandotte County/Kansas City Unified Government, Kansas, Community Improvement District Sales Tax Revenue Bonds, Legends Appartments Garage & West Lawn Project, Series 2018, 4.500%, 6/01/40   12/26 at 100.00 N/R 1,805,768
    Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Bonds, Kansas International Speedway Corporation Project, Refunding Series 2014:        
1,370   5.000%, 12/01/25   12/24 at 100.00 A 1,546,908
1,260   5.000%, 12/01/26   12/24 at 100.00 A 1,416,101
1,175   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 N/R 1,064,127
495   Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Revenue Bonds, Kansas International Speedway Corporation, Series 1999, 0.000%, 12/01/27  –  MBIA Insured   No Opt. Call N/R 367,211
63,305   Total Tax Obligation/Limited       68,127,931
    Transportation – 6.3%        
1,120   Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds, Senior Lien Series 2017, 5.000%, 12/31/51   12/24 at 100.00 BBB 1,211,661
    Guam International Airport Authority, Revenue Bonds, Series 2013C:        
1,950   6.250%, 10/01/34 (AMT)   10/23 at 100.00 BBB+ 2,017,938
500   6.375%, 10/01/43 (AMT)   10/23 at 100.00 BBB+ 515,740
1,005   Guam International Airport Authority, Revenue Bonds, Series 2019A, 5.000%, 10/01/23 (AMT)   No Opt. Call BBB+ 1,012,759
1,000   Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines Inc Terminal Improvement Project, Refunding Series 2015B-1, 5.000%, 7/15/30 (AMT)   7/25 at 100.00 B 1,037,030
2,000   Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc Airport Improvement Projects, Series 2018C, 5.000%, 7/15/28 (AMT)   No Opt. Call B 2,128,240
1,100   Kansas State Turnpike Authority, Turnpike Revenue Bonds, Refunding Series 20193A, 5.000%, 9/01/38   9/29 at 100.00 Aa2 1,430,550
100   Maryland Economic Development Corporation, Private Activity Revenue Bonds AP, Purple Line Light Rail Project, Green Bonds, Series 2016D, 5.000%, 3/31/46 (AMT)   9/26 at 100.00 B 96,455
1,515   New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A, 5.000%, 7/01/46 (AMT)   7/24 at 100.00 BBB 1,624,625
6      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
    New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016:        
$1,705   5.000%, 8/01/26 (AMT)   8/21 at 100.00 BB- $1,711,718
2,155   5.000%, 8/01/31 (AMT)   8/21 at 100.00 BB- 2,153,103
2,000   Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017, 5.000%, 12/31/56 (AMT)   6/27 at 100.00 BBB 2,250,480
945   Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012, 5.250%, 1/01/32 (AMT)   7/22 at 100.00 BBB 996,389
17,095   Total Transportation       18,186,688
    U.S. Guaranteed – 6.3% (5)        
2,000   Allen County, Kansas Public Building Commission Revenue Bonds, Allen County Hospital Project, Series 2012, 5.150%, 12/01/36 (Pre-refunded 12/01/22)   12/22 at 100.00 A 2,219,460
935   Anderson County, Kansas, General Obligation Bonds, Refunding and Improvent Series 2013A, 5.000%, 8/01/33 (Pre-refunded 8/01/23)  –  AGM Insured   8/23 at 100.00 AA 1,062,104
1,500   Coffeyville, Kansas, Electric Utility System Revenue Bonds, Series 2015B, 5.000%, 6/01/42 (Pre-refunded 6/01/25), 144A   6/25 at 100.00 BBB+ 1,803,750
    Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013:        
500   5.250%, 7/01/33 (Pre-refunded 7/01/23)   7/23 at 100.00 A- 567,270
2,000   5.500%, 7/01/43 (Pre-refunded 7/01/23)   7/23 at 100.00 A- 2,283,140
2,575   Kansas State Power Pool, Electric Utility Revenue Bonds, Dogwood Energy Facility, Series 2012A, 5.000%, 12/01/31 (Pre-refunded 12/01/20)   12/20 at 100.00 A3 2,605,334
1,000   Sedgwick County Unified School District 260, Kansas, General Obligation Bonds, Refunding & School Improvement Series 2012, 5.000%, 10/01/30 (Pre-refunded 10/01/22)   10/22 at 100.00 AA- 1,099,610
4,000   Wichita, Kansas, Hospital Facilities Revenue Refunding and Improvement Bonds, Via Christi Health System Inc, Series 2011A-IV, 5.000%, 11/15/29 (Pre-refunded 11/15/21)   11/21 at 100.00 N/R 4,224,520
2,000   Wichita, Kansas, Water and Sewer Utility Revenue Bonds, Refunding Series 2011A, 5.000%, 10/01/28 (Pre-refunded 10/01/21)   10/21 at 100.00 AA- 2,098,640
16,510   Total U.S. Guaranteed       17,963,828
    Utilities – 12.0%        
1,255   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.500%, 4/01/41 (4)   No Opt. Call N/R 1,569
130   California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012, 5.000%, 11/21/45 (AMT), 144A   7/22 at 100.00 BBB 135,112
    Guam Power Authority, Revenue Bonds, Refunding Series 2017A:        
2,650   5.000%, 10/01/33   10/27 at 100.00 BBB 3,108,344
3,750   5.000%, 10/01/40   10/27 at 100.00 BBB 4,316,325
1,375   Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/30  –  AGM Insured   10/22 at 100.00 AA 1,473,436
      7

Nuveen Kansas Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
    Guam Power Authority, Revenue Bonds, Series 2014A:        
$1,000   5.000%, 10/01/32   10/24 at 100.00 AA $1,126,710
1,000   5.000%, 10/01/33   10/24 at 100.00 AA 1,123,860
    Kansas Municipal Energy Agency, Power Project Revenue Bonds, Dogwood Project, Series 2018A:        
1,000   5.000%, 4/01/33  –  BAM Insured   4/26 at 100.00 AA 1,204,940
1,000   5.000%, 4/01/34  –  BAM Insured   4/26 at 100.00 AA 1,200,720
1,000   5.000%, 4/01/35  –  BAM Insured   4/26 at 100.00 AA 1,196,000
1,500   Kansas Municipal Energy Agency, Power Project Revenue Bonds, Jameson Energy Center Project, Series 2013, 5.750%, 7/01/38   7/23 at 100.00 A- 1,696,440
    Kansas State Power Pool, Electric Utility Revenue Bonds, Dogwood Energy Facility, Series 2012A:        
1,395   5.000%, 12/01/22   No Opt. Call A3 1,524,888
1,265   5.000%, 12/01/23   12/22 at 100.00 A3 1,381,848
1,000   Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (4)   No Opt. Call N/R 1,250
515   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40 (4)   No Opt. Call N/R 644
480   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2005RR, 5.000%, 7/01/28  –  AGC Insured (4)   10/20 at 100.00 AA 483,197
    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007VV:        
2,480   5.250%, 7/01/27  –  AGM Insured (4)   No Opt. Call AA 2,713,293
1,065   5.250%, 7/01/31  –  AGM Insured (4)   No Opt. Call AA 1,163,906
1,595   Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Series 2007B, 5.000%, 7/01/31   10/20 at 100.00 CCC 1,406,870
2,000   Wyandotte County/Kansas City Unified Government, Kansas, Utility System Revenue Bonds, Improvement Series 2012B, 5.000%, 9/01/37   9/22 at 100.00 A 2,189,560
2,250   Wyandotte County-Kansas City Unified Government, Kansas, Utility System Revenue Bonds, Improvement Series 2016A, 5.000%, 9/01/40   9/25 at 100.00 A 2,630,970
1,535   Wyandotte County-Kansas City Unified Government, Kansas, Utility System Revenue Bonds, Refunding & Improvement Series 2011A, 5.000%, 9/01/28   9/21 at 100.00 A 1,608,051
2,500   Wyandotte County-Kansas City Unified Government, Kansas, Utility System Revenue Bonds, Refunding Series 2012A, 5.000%, 9/01/32   9/22 at 100.00 A 2,736,950
33,740   Total Utilities       34,424,883
    Water and Sewer – 3.0%        
600   Chisholm Creek Utility Authority, Kansas, Water and Wastewater Facilities Revenue Bonds, Bel Aire & Park Cities, Kansas Project, Refunding Series 2017, 5.000%, 9/01/27  –  AGM Insured   No Opt. Call AA 765,012
100   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2014A, 5.000%, 7/01/35   7/24 at 100.00 A- 110,784
1,750   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.000%, 7/01/28   7/23 at 100.00 A- 1,919,715
8      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
    Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016:        
$370   5.000%, 7/01/36   7/26 at 100.00 A- $426,074
2,580   5.000%, 1/01/46   7/26 at 100.00 A- 2,917,928
    Salina, Kansas, Water and Sewer System Revenue Bonds, Refunding Series 2019A:        
475   3.000%, 10/01/28   10/26 at 100.00 Aa3 528,186
355   3.000%, 10/01/29   10/26 at 100.00 Aa3 391,164
780   3.000%, 10/01/30   10/26 at 100.00 Aa3 853,351
580   3.000%, 10/01/31   10/26 at 100.00 Aa3 631,678
7,590   Total Water and Sewer       8,543,892
$251,035   Total Municipal Bonds (cost $261,068,367)       271,002,648
    
Shares   Description (1)       Value
    COMMON STOCKS – 0.6%        
    Electric Utilities – 0.6%        
89,726   Energy Harbor Corp, (6), (7), (8)       $1,727,226
    Total Common Stocks (cost $2,656,044)       1,727,226
    Total Long-Term Investments (cost $263,724,411)       272,729,874
    Other Assets Less Liabilities – 4.9%       14,180,440
    Net Assets – 100%       $286,910,314
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
      9

Nuveen Kansas Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $271,002,648 $ — $271,002,648
Common Stocks  — 1,727,226  — 1,727,226
Total $ — $272,729,874 $ — $272,729,874
    
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(5) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(6) Common Stock received as part of the bankruptcy settlement for Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, First Energy Nuclear Generation Project, Series 2006A, 3.500%, 4/01/41, Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 and Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40.  
(7) For fair value measurement disclosure purposes, investment classified as Level 2.  
(8) Non-income producing; issuer has not declared a dividend within the past twelve months.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
10      

Nuveen Kentucky Municipal Bond Fund
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 106.7%        
    MUNICIPAL BONDS – 106.7%        
    Education and Civic Organizations – 15.7%        
$155   Campbellsville, Kentucky, Industrial Building Revenue Bonds, Campbellsville University Project, Series 2017, 5.000%, 3/01/39   3/27 at 100.00 N/R $155,854
1,060   Eastern Kentucky University, General Receipts Bonds, Series 2017A, 5.000%, 4/01/26   No Opt. Call A1 1,255,411
    Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A:        
2,000   5.000%, 7/01/33   7/25 at 100.00 BBB+ 2,153,020
6,250   5.000%, 1/01/45   7/25 at 100.00 BBB+ 6,588,875
    Kentucky Higher Education Student Loan Corporation, Student Loan Revenue Bonds, Senior Series 2014A:        
900   5.000%, 6/01/22 (AMT)   No Opt. Call A 952,515
700   5.000%, 6/01/23 (AMT)   No Opt. Call A 763,189
400   5.000%, 6/01/24 (AMT)   No Opt. Call A 448,384
    Kentucky Higher Education Student Loan Corporation, Student Loan Revenue Bonds, Series 2019A:        
1,000   5.000%, 6/01/28 (AMT)   No Opt. Call A 1,203,230
700   5.000%, 6/01/29 (AMT)   No Opt. Call A 853,503
    Louisville-Jefferson County Metro Government, Kentucky, Revenue Bonds, Bellarmine University Inc Project, Refunding & Improvement Series 2015:        
1,790   5.000%, 5/01/31   5/25 at 100.00 Baa3 1,914,996
1,210   5.000%, 5/01/40   5/25 at 100.00 Baa3 1,266,664
    Murray State University, Kentucky, General Receipts Bonds, Series 2015A:        
1,125   5.000%, 3/01/26   3/25 at 100.00 A1 1,339,976
1,075   5.000%, 3/01/27   3/25 at 100.00 A1 1,276,799
4,000   University of Kentucky, General Receipts Bonds, Refunding Series 2015B, 5.000%, 10/01/27   4/25 at 100.00 AA 4,724,480
4,535   University of Kentucky, General Receipts Bonds, Refunding Series 2018A, 4.000%, 10/01/32   4/26 at 100.00 AA 5,127,407
2,000   University of Kentucky, General Receipts Bonds, Series 2015A, 5.000%, 4/01/29   4/25 at 100.00 AA 2,348,180
250   University of Kentucky, General Receipts Bonds, Series 2016A, 5.000%, 4/01/32   4/25 at 100.00 AA 290,380
    University of Louisville, Kentucky, Revenue Bonds, General Reciepts Series 2011A:        
150   5.000%, 9/01/20   No Opt. Call A+ 150,000
2,005   5.000%, 9/01/26   9/21 at 100.00 A+ 2,094,223
1,200   5.000%, 9/01/27   9/21 at 100.00 A+ 1,253,400
1,910   University of Louisville, Kentucky, Revenue Bonds, General Reciepts Series 2012A, 5.000%, 9/01/25   9/21 at 100.00 A+ 1,994,995
      11

Nuveen Kentucky Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$2,500   University of Louisville, Kentucky, Revenue Bonds, General Reciepts Series 2016C, 4.000%, 9/01/28   3/26 at 100.00 A+ $2,816,675
    University of Louisville, Kentucky, Revenue Bonds, General Reciepts Series 2016D:        
1,155   5.000%, 3/01/31   9/26 at 100.00 A+ 1,371,794
3,450   5.000%, 3/01/32   9/26 at 100.00 A+ 4,078,555
    University of Louisville, Kentucky, Revenue Bonds, General Reciepts Series 2020A:        
1,365   4.000%, 9/01/30  –  AGM Insured   9/28 at 100.00 AA 1,626,316
1,420   4.000%, 9/01/31  –  AGM Insured   9/28 at 100.00 AA 1,681,308
    Western Kentucky University, General Receipts Revenue Bonds, Refunding Series 2016A:        
2,690   5.000%, 9/01/25   No Opt. Call A1 3,136,997
2,820   5.000%, 9/01/26   9/25 at 100.00 A1 3,273,682
49,815   Total Education and Civic Organizations       56,140,808
    Health Care – 16.3%        
10,295   Ashland, Kentucky, Medical Center Revenue Bonds, Ashland Hospital Corporation d/b/a King's Daughters Medical Center Project, Refunding Series 2019, 3.000%, 2/01/40  –  AGM Insured   2/30 at 100.00 AA 10,704,844
    Glasgow, Kentucky, Healthcare Revenue Bonds, TJ Samson Community Hospital Project, Series 2011:        
100   5.350%, 2/01/24   8/21 at 100.00 BBB 103,586
2,000   6.375%, 2/01/35   8/21 at 100.00 BBB 2,079,500
3,310   6.450%, 2/01/41   8/21 at 100.00 BBB 3,434,919
8,000   Kentucky Bond Development Corporation, Hospital Revenue Bonds, Saint Elizabeth Medical Center, Inc, Refunding Series 2016, 5.000%, 5/01/39   5/26 at 100.00 AA 9,332,800
    Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare System Obligated Group, Series 2011:        
3,500   5.000%, 8/15/42   8/21 at 100.00 A 3,582,915
3,645   5.250%, 8/15/46   8/21 at 100.00 A 3,738,130
3,000   Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare System Obligated Group, Series 2017B, 5.000%, 8/15/41   8/27 at 100.00 A 3,489,420
500   Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Health, Refunding Series 2017A, 5.250%, 6/01/41   6/27 at 100.00 Baa3 560,900
6,385   Kentucky Economic Development Finance Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 5.000%, 8/01/44   8/29 at 100.00 BBB+ 7,699,799
    Kentucky Economic Development Finance Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-2:        
100   5.000%, 8/01/37   8/29 at 100.00 BBB+ 122,693
100   5.000%, 8/01/38   8/29 at 100.00 BBB+ 122,138
2,500   5.000%, 8/01/44   8/29 at 100.00 BBB+ 3,014,800
2,000   Murray, Kentucky, Hospital Facilities Revenue Bonds, Murray-Calloway County Public Hospital Corporation Project, Refunding Series 2016, 5.000%, 8/01/37   8/26 at 100.00 Ba2 2,238,900
3,250   Warren County, Kentucky, Hospital Refunding Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Series 2013, 5.000%, 4/01/35   4/23 at 100.00 A+ 3,510,812
12      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Warren County, Kentucky, Hospital Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Series 2012A:        
$1,980   5.000%, 10/01/33   10/22 at 100.00 A+ $2,111,512
2,000   5.000%, 10/01/37   10/22 at 100.00 A+ 2,124,540
52,665   Total Health Care       57,972,208
    Housing/Multifamily – 0.3%        
1,040   Kentucky Housing Corporation, Conduit Multifamily Mortgage Revenue Bonds, Florence Homes III Apartments Project, Series 2005B, 5.000%, 6/01/35 (AMT) (Mandatory Put 6/01/23)   12/20 at 100.00 N/R 1,042,392
    Housing/Single Family – 0.2%        
    Kentucky Housing Corporation, Housing Revenue Bonds, Series 2011B:        
485   3.000%, 7/01/21   No Opt. Call AAA 495,772
425   3.100%, 7/01/22   7/21 at 100.00 AAA 434,826
910   Total Housing/Single Family       930,598
    Tax Obligation/Limited – 31.1%        
    Barren County School District Finance Corporation, Kentucky, School Building Revenue Bonds, Series 2015:        
1,250   5.000%, 8/01/24   No Opt. Call A1 1,474,037
1,760   5.000%, 8/01/25   2/25 at 100.00 A1 2,093,749
3,560   Jefferson County School District Finance Corporation, Kentucky, School Building Revenue Bonds, Series 2020A, 5.000%, 6/01/28   No Opt. Call AA- 4,552,172
1,545   Kentucky Bond Development Corporation, Tax Increment Revenue Bonds, Summit Lexington Project, Series 2016A, 4.400%, 10/01/24   No Opt. Call N/R 1,509,712
    Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington Center Corporation Project, Series 2018A:        
8,500   5.000%, 9/01/43   9/28 at 100.00 A2 9,565,560
10,400   5.000%, 9/01/48   9/28 at 100.00 A2 11,664,848
    Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington Center Corporation Project, Subordinate Series 2018B:        
1,050   5.000%, 9/01/24   No Opt. Call A3 1,205,956
1,435   5.000%, 9/01/25   No Opt. Call A3 1,683,269
1,485   5.000%, 9/01/26   No Opt. Call A3 1,764,759
555   5.000%, 9/01/28   No Opt. Call A3 669,524
    Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc, Series 2017A:        
13,650   4.000%, 12/01/41  –  AGM Insured (UB) (4)   12/27 at 100.00 AA 15,176,070
4,100   5.000%, 12/01/45  –  AGM Insured   12/27 at 100.00 AA 4,827,586
4,985   Kentucky State Property and Buildings Commission, Revenue Bonds, Project 112, Refunding Series 2016B, 5.000%, 11/01/24   No Opt. Call A1 5,843,467
      13

Nuveen Kentucky Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Kentucky State Property and Buildings Commission, Revenue Bonds, Project 115, Series 2017:        
$7,000   5.000%, 4/01/32 (UB) (4)   4/27 at 100.00 A1 $8,407,560
6,000   5.000%, 4/01/38   4/27 at 100.00 A1 7,071,480
2,500   Kentucky State Property and Buildings Commission, Revenue Bonds, Project 119, Series 2018, 5.000%, 5/01/30   5/28 at 100.00 A1 3,107,450
    Kentucky Turnpike Authority, Economic Development Road Revenue Bonds, Revitalization Project, Refunding Series 2012A:        
1,250   5.000%, 7/01/30   7/22 at 100.00 Aa3 1,330,325
6,740   5.000%, 7/01/31   7/22 at 100.00 Aa3 7,164,216
5,000   Kentucky Turnpike Authority, Economic Development Road Revenue Bonds, Revitalization Project, Refunding Series 2017B, 5.000%, 7/01/28 (UB) (4)   7/27 at 100.00 Aa3 6,224,750
    Kentucky Turnpike Authority, Economic Development Road Revenue Bonds, Revitalization Project, Series 2017A:        
1,930   5.000%, 7/01/33 (UB) (4)   7/27 at 100.00 Aa3 2,332,058
550   5.000%, 7/01/36 (UB) (4)   7/27 at 100.00 Aa3 658,554
500   5.000%, 7/01/37 (UB) (4)   7/27 at 100.00 Aa3 597,050
3,000   Lexington-Fayette Urban County Government Public Facilities Corporation, Kentucky State Lease Revenue Bonds, Eastern State Hospital Project, Series 2011A, 5.250%, 6/01/29   6/21 at 100.00 A1 3,087,840
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
6,739   4.500%, 7/01/34   7/25 at 100.00 N/R 7,132,423
89   4.550%, 7/01/40   7/28 at 100.00 N/R 94,783
1,370   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 N/R 1,459,023
96,943   Total Tax Obligation/Limited       110,698,221
    Transportation – 9.6%        
    Kenton County Airport Board, Kentucky, Airport Revenue Bonds, Cincinnati/Northern Kentucky International Airport, Series 2016:        
1,635   5.000%, 1/01/25   No Opt. Call A1 1,928,940
1,855   5.000%, 1/01/30   1/26 at 100.00 A1 2,199,270
1,750   5.000%, 1/01/31   1/26 at 100.00 A1 2,066,365
2,730   5.000%, 1/01/33   1/26 at 100.00 A1 3,197,048
4,320   Kenton County Airport Board, Kentucky, Airport Revenue Bonds, Cincinnati/Northern Kentucky International Airport, Series 2019, 5.000%, 1/01/49   1/29 at 100.00 A1 5,226,120
    Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Capital Appreciation Series 2013B:        
2,000   0.000%, 7/01/23   No Opt. Call Baa3 1,869,140
700   0.000%, 7/01/32   7/28 at 76.98 Baa3 417,319
14      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
$1,000   Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Convertible Capital Appreciation Series 2013C, 0.000%, 7/01/39 (5)   7/31 at 100.00 Baa3 $1,079,740
    Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds, Downtown Crossing Project, Series 2013A:        
250   5.750%, 7/01/49   7/23 at 100.00 Baa3 267,598
11,500   6.000%, 7/01/53   7/23 at 100.00 Baa3 12,354,450
    Louisville Regional Airport Authority, Kentucky, Airport System Revenue Bonds, Refunding Series 2014A:        
1,555   5.000%, 7/01/31 (AMT)   7/24 at 100.00 A+ 1,764,956
1,500   5.000%, 7/01/32 (AMT)   7/24 at 100.00 A+ 1,697,730
30,795   Total Transportation       34,068,676
    U.S. Guaranteed – 12.8% (6)        
    Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc, Series 2008-A2:        
3,520   0.000%, 12/01/22  –  AGC Insured (ETM)   No Opt. Call A3 3,486,982
3,750   0.000%, 12/01/23  –  AGC Insured (ETM)   No Opt. Call A3 3,695,663
10,000   Kentucky Economic Development Finance Authority, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23)   1/23 at 100.00 BBB+ 11,099,200
2,750   Kentucky Infrastructure Authority, Wastewater and Drinking Water Revolving Fund Revenue Bonds, Series 2012A, 5.000%, 2/01/30 (Pre-refunded 2/01/22)   2/22 at 100.00 AAA 2,937,083
500   Kentucky Turnpike Authority, Economic Development Road Revenue Bonds, Revitalization Project, Refunding Series 2012A, 5.000%, 7/01/24 (Pre-refunded 7/01/22)   7/22 at 100.00 Aa3 543,540
    Lexington-Fayette Urban County Government, Kentucky, General Airport Revenue Refunding Bonds, Series 2012B:        
1,215   5.000%, 7/01/29 (Pre-refunded 7/01/22) (AMT)   7/22 at 100.00 AA 1,317,291
1,100   5.000%, 7/01/31 (Pre-refunded 7/01/22) (AMT)   7/22 at 100.00 AA 1,192,609
1,000   5.000%, 7/01/38 (Pre-refunded 7/01/22)   7/22 at 100.00 AA 1,087,080
3,320   Louisville/Jefferson County Metro Government, Kentucky, Revenue Bonds, Catholic Health Initiatives, Series 2012A, 5.000%, 12/01/26 (Pre-refunded 6/01/22)   6/22 at 100.00 BBB+ 3,592,937
7,500   Pikeville, Kentucky, Hospital Revenue Bonds, Pikeville Medical Center, Inc Project, Improvement and Refunding Series 2011, 6.500%, 3/01/41 (Pre-refunded 3/01/21)   3/21 at 100.00 N/R 7,731,226
8,000   Russell, Kentucky, Revenue Bonds, Bon Secours Health System, Series 2013, 5.000%, 11/01/26 (Pre-refunded 11/01/22)   11/22 at 100.00 N/R 8,782,880
42,655   Total U.S. Guaranteed       45,466,491
    Utilities – 6.2%        
3,375   Carroll County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project, Refunding Series 2018A, 3.375%, 2/01/26 (AMT)   12/23 at 100.00 A1 3,663,461
440   Louisville-Jefferson County Metropolitan Government, Kentucky, Environmental Facilities Revenue, Louisville Gas & Electric Company Project, Refunding Series 2007A, 1.650%, 6/01/33 (Mandatory Put 6/01/21)   No Opt. Call A1 443,010
      15

Nuveen Kentucky Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$1,000   Louisville-Jefferson County Metropolitan Government, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2003A, 1.850%, 10/01/33 (Mandatory Put 4/01/21)   No Opt. Call A1 $1,006,470
2,000   Paducah, Kentucky, Electric Plant Board Revenue Bonds, Refunding Series 2016A, 5.000%, 10/01/33  –  AGM Insured   10/26 at 100.00 AA 2,387,960
5   Paducah, Kentucky, Electric Plant Board Revenue Bonds, Series 2009A, 5.250%, 10/01/35  –  AGC Insured   9/20 at 100.00 AA 5,015
    Princeton Electric Plant Board, Kentucky, Revenue Bonds, Refunding Series 2015:        
225   5.000%, 11/01/21  –  AGM Insured   No Opt. Call AA 236,572
1,000   5.000%, 11/01/25  –  AGM Insured   5/25 at 100.00 AA 1,174,030
1,100   5.000%, 11/01/34  –  AGM Insured   5/25 at 100.00 AA 1,283,128
1,635   5.000%, 11/01/37  –  AGM Insured   5/25 at 100.00 AA 1,892,234
4,250   Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 4/01/48 (Mandatory Put 4/01/24)   1/24 at 100.37 A2 4,693,275
2,840   Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018B, 4.000%, 1/01/49 (Mandatory Put 1/01/25)   10/24 at 100.24 A1 3,192,870
    Russellville, Kentucky, Electric Plant Board Electric Revenue Bonds, Refunding Series 2015A:        
380   5.000%, 8/01/22  –  BAM Insured   No Opt. Call AA 412,528
405   5.000%, 8/01/24  –  BAM Insured   No Opt. Call AA 469,873
1,180   Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2016A, 1.300%, 9/01/44 (AMT) (Mandatory Put 9/01/27) (WI/DD, Settling 9/03/20)   No Opt. Call A1 1,176,826
19,835   Total Utilities       22,037,252
    Water and Sewer – 14.5%        
5,705   Bowling Green, Kentucky, Water and Sewer Revenue Bonds, Series 2019, 4.000%, 6/01/49  –  AGM Insured   6/26 at 100.00 AA 6,254,563
    Kentucky Infrastructure Authority, Wastewater and Drinking Water Revolving Fund Program Revenue Bonds, Tender Option Bond Trust 2015-XF2109:        
1,330   17.908%, 2/01/25, 144A (IF) (4)   No Opt. Call AAA 2,403,509
1,070   17.940%, 2/01/26, 144A (IF) (4)   2/25 at 100.00 AAA 1,908,152
2,525   Kentucky Infrastructure Authority, Wastewater and Drinking Water Revolving Fund Revenue Bonds, Refunding Series 2016A, 5.000%, 2/01/28   2/26 at 100.00 AAA 3,080,626
    Kentucky Infrastructure Authority, Wastewater and Drinking Water Revolving Fund Revenue Bonds, Series 2018A:        
4,265   5.000%, 2/01/30 (UB) (4)   2/28 at 100.00 AAA 5,476,175
5,000   5.000%, 2/01/31 (UB) (4)   2/28 at 100.00 AAA 6,385,200
2,570   Lexington-Fayette Urban County Government, Kentucky, Sewer System Revenue Bonds, Series 2019, 4.000%, 4/01/31   4/29 at 100.00 AA+ 3,164,030
7,500   Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage System Revenue Bonds, Refunding Series 2011A, 5.000%, 5/15/28   11/21 at 100.00 AA 7,913,250
3,730   Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage System Revenue Bonds, Refunding Series 2018A, 4.000%, 5/15/37   5/28 at 100.00 AA 4,389,576
16      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
$1,000   Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage System Revenue Bonds, Series 2013A, 4.000%, 5/15/36   5/23 at 100.00 AA $1,070,710
    Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage System Revenue Bonds, Series 2014A:        
795   5.000%, 5/15/27   11/24 at 100.00 AA 943,395
1,785   4.000%, 5/15/40   11/24 at 100.00 AA 1,949,862
    Northern Kentucky Water District, Revenue Bonds, Series 2012:        
2,690   5.000%, 2/01/22   No Opt. Call Aa2 2,873,808
3,495   5.000%, 2/01/26   2/22 at 100.00 Aa2 3,730,458
43,460   Total Water and Sewer       51,543,314
$338,118   Total Long-Term Investments (cost $356,264,895)       379,899,960
    Floating Rate Obligations – (8.4)%       (29,845,000)
    Other Assets Less Liabilities – 1.7%       6,068,484
    Net Assets – 100%       $356,123,444
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $379,899,960 $ — $379,899,960
      17

Nuveen Kentucky Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(5) 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.  
(6) 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.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
ETM Escrowed to maturity  
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 Purchased on a when-issued or delayed delivery basis.  
18      

Nuveen Michigan Municipal Bond Fund
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 103.4%        
    MUNICIPAL BONDS – 103.4%        
    Consumer Staples  – 1.7%        
$3,030   Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien Series 2007A, 6.000%, 6/01/34   9/20 at 100.00 B- $3,038,848
2,215   Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds, Series 2008A, 6.875%, 6/01/42   9/20 at 100.00 B2 2,227,182
5,245   Total Consumer Staples       5,266,030
    Education and Civic Organizations – 23.4%        
1,480   Central Michigan University Board of Trustees, General Revenue Bonds, Refunding Series 2014, 5.000%, 10/01/39   10/24 at 100.00 A+ 1,669,233
    Central Michigan University Board of Trustees, General Revenue Bonds, Refunding Series 2019:        
1,165   5.000%, 10/01/33   10/29 at 100.00 A+ 1,452,207
2,020   5.000%, 10/01/34   10/29 at 100.00 A+ 2,510,759
3,835   Eastern Michigan University, General Revenue Bonds, Series 2018A, 4.000%, 3/01/44  –  AGM Insured   3/28 at 100.00 AA 4,255,048
    Ferris State University, Michigan, General Revenue Bonds, Refunding Series 2016:        
2,695   5.000%, 10/01/34   10/26 at 100.00 A+ 3,134,986
2,000   5.000%, 10/01/41   10/26 at 100.00 A+ 2,287,720
350   Grand Valley State University, Michigan, General Revenue Bonds, Refunding Series 2014B, 5.000%, 12/01/28   12/24 at 100.00 A+ 399,977
    Grand Valley State University, Michigan, General Revenue Bonds, Series 2017:        
250   5.000%, 12/01/30   12/24 at 100.00 A+ 283,493
250   5.000%, 12/01/32   12/24 at 100.00 A+ 281,590
415   Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Cesar Chavez Academy Project, Refunding Series 2019, 3.250%, 2/01/24   No Opt. Call BB+ 416,726
1,000   Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Hanley International Academy, Inc Project, Series 2010A, 6.125%, 9/01/40   10/20 at 100.00 BB 1,001,100
500   Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Holly Academy Project, Refunding Series 2011, 7.750%, 10/01/30   10/21 at 100.00 BB+ 520,585
830   Michigan Finance Authority, Public School Academy Revenue Bonds, Detroit Service Learning Academy Project, Refunding Series 2011, 7.000%, 10/01/31   10/21 at 100.00 B 768,530
4,670   Michigan State University, General Revenue Bonds, Series 2015A, 5.000%, 8/15/40   8/25 at 100.00 AA 5,413,090
1,835   Michigan State University, General Revenue Bonds, Taxable Series 2019A, 5.000%, 2/15/48   2/29 at 100.00 AA 2,273,308
1,800   Michigan Technological University, General Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/45   10/25 at 100.00 A1 2,140,650
      19

Nuveen Michigan Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    Northern Michigan University, General Revenue Bonds, Series 2018A:        
$500   5.000%, 12/01/32   6/28 at 100.00 A1 $616,050
400   5.000%, 12/01/34   6/28 at 100.00 A1 489,468
3,250   Oakland University, Michigan, General Revenue Bonds, Series 2016, 5.000%, 3/01/47   3/26 at 100.00 A1 3,687,353
4,990   Oakland University, Michigan, General Revenue Bonds, Series 2019, 5.000%, 3/01/50   3/29 at 100.00 A1 5,975,325
515   Saginaw Valley State University, Michigan, General Revenue Bonds, Refunding Series 2016A, 5.000%, 7/01/35   7/26 at 100.00 A1 622,537
    University of Michigan, General Revenue Bonds, Refunding Series 2017A:        
5,000   4.000%, 4/01/26   No Opt. Call AAA 6,001,700
1,000   5.000%, 4/01/34   4/27 at 100.00 AAA 1,248,820
1,190   5.000%, 4/01/35   4/27 at 100.00 AAA 1,481,883
3,000   5.000%, 4/01/36   4/27 at 100.00 AAA 3,723,480
3,345   5.000%, 4/01/47 (4)   4/27 at 100.00 AAA 4,065,413
2,800   5.000%, 4/01/47 (UB) (4)   4/27 at 100.00 AAA 3,403,036
3,000   University of Michigan, General Revenue Bonds, Series 2014A, 5.000%, 4/01/44   4/24 at 100.00 AAA 3,377,220
    University of Michigan, General Revenue Bonds, Series 2015:        
2,275   5.000%, 4/01/40 (UB) (4)   4/26 at 100.00 AAA 2,739,168
800   5.000%, 4/01/46 (UB) (4)   4/26 at 100.00 AAA 954,504
3,090   Wayne State University, Michigan, General Revenue Bonds, Series 2019A, 5.000%, 11/15/36   11/29 at 100.00 Aa3 3,870,596
650   Western Michigan University, General Revenue Bonds, Refunding Series 2015A, 5.000%, 11/15/45   5/25 at 100.00 Aa3 763,906
60,900   Total Education and Civic Organizations       71,829,461
    Health Care – 7.0%        
1,000   Grand Traverse County Hospital Finance Authority, Michigan, Revenue Bonds, Munson Healthcare, Refunding Series 2011A, 5.000%, 7/01/29   7/21 at 100.00 AA 1,030,420
720   Michigan Finance Authority, Hospital Revenue Bonds, Beaumont Health Credit Group, Refunding Series 2015A, 5.000%, 8/01/32   8/24 at 100.00 A+ 817,387
2,335   Michigan Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Refunding Series 2016, 5.000%, 11/15/41   11/26 at 100.00 A 2,730,736
3,085   Michigan Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Series 2019A, 4.000%, 11/15/50   11/29 at 100.00 A 3,474,759
1,875   Michigan Finance Authority, Hospital Revenue Bonds, MidMichigan Health Credit Group, Refunding Series 2014, 5.000%, 6/01/39   6/24 at 100.00 A+ 2,082,956
1,250   Michigan Finance Authority, Hospital Revenue Bonds, Sparrow Obligated Group, Refunding Series 2015, 5.000%, 11/15/45   5/25 at 100.00 A 1,399,350
2,955   Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2016MI, 5.000%, 12/01/45   6/26 at 100.00 AA- 3,452,385
3,000   Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2019A-MI, 4.000%, 12/01/49   12/29 at 100.00 AA- 3,421,710
20      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Michigan Finance Authority, Revenue Bonds, Oakwood Obligated Group, Refunding Series 2012:        
$1,670   5.000%, 11/01/25   11/22 at 100.00 A+ $1,819,599
1,250   5.000%, 11/01/42   11/22 at 100.00 A+ 1,329,150
19,140   Total Health Care       21,558,452
    Tax Obligation/General – 29.2%        
1,350   Ann Arbor Public School District, Washtenaw County, Michigan, General Obligation Bonds, School Building & Site Series 2015, 5.000%, 5/01/25   No Opt. Call Aa2 1,641,074
2,590   Byron Center Public Schools, Kent County, Michigan, General Obligation Bonds, School Building & Site Series 2017I, 5.000%, 5/01/47   5/27 at 100.00 AA 3,101,732
3,450   Byron Center Public Schools, Kent County, Michigan, General Obligation Bonds, School Building & Site Series 2020-I, 4.000%, 5/01/50   5/30 at 100.00 AA 4,074,415
1,000   Cadillac Area Public Schools, Wexford, Osceola and Lake Counties, Michigan, General Obligaiton Bonds, Refunding & School Building & Site Series 2018, 5.000%, 5/01/36   5/28 at 100.00 Aa1 1,267,800
    Cadillac Area Public Schools, Wexford, Osceola and Lake Counties, Michigan, General Obligaiton Bonds, Refunding & School Building & Site Series 2019:        
875   5.000%, 5/01/41   5/29 at 100.00 Aa1 1,116,211
1,310   5.000%, 5/01/43   5/29 at 100.00 Aa1 1,658,093
1,515   Caledonia Community Schools, Kent, Allegan and Barry Counties, Michigan, General Obligation Bonds, School Building & Site Series 2014, 5.000%, 5/01/39   5/24 at 100.00 AA 1,741,068
850   Chelsea School District, Washtenaw and Jackson, Michigan, General Obligation Bonds, School Building & Site Series 2020-I, 5.000%, 5/01/39   5/30 at 100.00 AA 1,098,600
250   Detroit City School District, Wayne County, Michigan, Unlimited Tax School Building and Site Improvement Bonds, Series 1998C, 5.250%, 5/01/25  –  BHAC Insured   No Opt. Call AA+ 281,093
1,575   East Lansing School District, Ingham and Clinton Counties, Michigan, General Obligation Bonds, Building & Site Series 2020II, 5.000%, 5/01/44   5/30 at 100.00 AA 2,004,109
2,000   East Lansing School District, Ingham County, Michigan, General Obligation Bonds, School Building & Site Series 2017I, 5.000%, 5/01/39   5/27 at 100.00 AA 2,428,940
    Grand Rapids Public Schools, Kent County, Michigan, General Obligation Bonds, Refunding School Building & Site Series 2016:        
4,325   5.000%, 5/01/29  –  AGM Insured   5/26 at 100.00 AA 5,301,844
2,055   5.000%, 5/01/38  –  AGM Insured   5/26 at 100.00 AA 2,472,514
    Grand Rapids Public Schools, Kent County, Michigan, General Obligation Bonds, School Building & Site Series 2019:        
1,000   5.000%, 11/01/36  –  AGM Insured   5/29 at 100.00 AA 1,281,360
1,750   5.000%, 11/01/37  –  AGM Insured   5/29 at 100.00 AA 2,235,275
1,500   5.000%, 11/01/41  –  AGM Insured   5/29 at 100.00 AA 1,889,985
1,250   5.000%, 11/01/42  –  AGM Insured   5/29 at 100.00 AA 1,570,175
1,060   Homer Community School District, Calhourn, Jackson, Hillsdale and Branch Counties, Michigan, General Obligation Bonds, School Building & Site, Series 2011B, 5.500%, 5/01/41   5/21 at 100.00 AA 1,095,298
3,000   Jackson Public Schools, Jackson County, Michigan, General Obligation Bonds, School Building & Site Series 2018, 5.000%, 5/01/42   5/28 at 100.00 Aa1 3,682,290
      21

Nuveen Michigan Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Kalamazoo County, Michigan, General Obligation Bonds, Juvenile Home Facilities Series 2017:        
$500   5.000%, 4/01/26   No Opt. Call AA+ $621,195
500   5.000%, 4/01/31   4/27 at 100.00 AA+ 631,725
    Kent County, Michigan, General Obligation Bonds, Limited Tax Refunding Series 2019:        
500   4.000%, 12/01/29   No Opt. Call AAA 637,770
955   4.000%, 12/01/30   No Opt. Call AAA 1,236,018
1,075   Kent County, Michigan, General Obligation Bonds, Limited Tax Series 2015, 5.000%, 1/01/35   1/25 at 100.00 AAA 1,260,739
    Kent County, Michigan, General Obligation Bonds, Refunding Limited Tax Series 2015:        
1,500   5.000%, 1/01/31   1/25 at 100.00 AAA 1,760,565
2,000   5.000%, 1/01/37   1/25 at 100.00 AAA 2,345,560
1,750   Lakeview School District, Calhoun County, Michigan, General Obligation Bonds, School Building & Site Series 2016, 5.000%, 5/01/42   5/26 at 100.00 AA 2,105,547
185   Lansing Community College, Michigan, General Obligation Bonds, College Building & Site, Series 2017, 5.000%, 5/01/31   11/27 at 100.00 AA 238,123
1,050   Macomb Interceptor Drain Drainage District, Macomb County, Michigan, General Obligation Bonds, Refunding Clintondale Pump Station Improvements Series 2020, 5.000%, 5/01/31   No Opt. Call AA+ 1,461,170
    Marquette, Michigan, General Obligation Bonds, Refunding & Limited Obligation Series 2017:        
230   4.000%, 5/01/25   No Opt. Call AA 265,949
375   4.000%, 5/01/28   5/27 at 100.00 AA 450,555
550   4.000%, 5/01/29   5/27 at 100.00 AA 649,506
265   4.000%, 5/01/31   5/27 at 100.00 AA 308,900
215   4.000%, 5/01/32   5/27 at 100.00 AA 249,267
1,000   Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of Wayne Criminal Justice Center Project, Senior Lien Series 2018, 5.000%, 11/01/43   11/28 at 100.00 Aa3 1,234,640
1,000   Michigan State, General Obligation Bonds, Environmental Program, Refunding Series 2011A, 5.000%, 12/01/22   12/21 at 100.00 Aa1 1,059,850
    Monroe Public Schools, Monroe County, Michigan, General Obligation Bonds, School Building & Site Series 2020I:        
1,495   5.000%, 5/01/41 (WI/DD, settling 9/09/20)   5/30 at 100.00 AA 1,921,030
2,465   5.000%, 5/01/45 (WI/DD, settling 9/09/20)   5/30 at 100.00 AA 3,137,107
    Muskegon County, Michigan, General Obligation Water Supply System Bonds, Refunding Series 2015:        
550   5.000%, 11/01/33   11/25 at 100.00 AA 665,539
1,290   5.000%, 11/01/36   11/25 at 100.00 AA 1,556,643
1,175   Novi Community School District, Oakland County, Michigan, General Obligation Bonds, School Building & Site Series 2020-I, 5.000%, 5/01/44   5/30 at 100.00 Aa2 1,507,079
3,120   Rockford Public Schools, Kent County, Michigan, General Obligation Bonds, School Building & Site Series 2019I, 5.000%, 5/01/46   5/29 at 100.00 AA 3,874,385
22      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$600   Royal Oak City School District, Oakland County, Michigan, General Obligation Bonds, Refunding Series 2014, 5.000%, 5/01/21   No Opt. Call Aa2 $619,260
1,095   Royal Oak, Oakland County, Michigan, General Obligation Bonds, Taxable Limited Tax Series 2018, 5.000%, 4/01/43   4/28 at 100.00 AA+ 1,347,715
1,915   South Haven Public Schools, Van Buren Couty, Michigan, General Obligation Bonds, School Building & Site, Series 2014A, 5.000%, 5/01/41  –  BAM Insured   5/24 at 100.00 AA 2,206,003
3,115   Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation Bonds, School Building & Site Series 2019, 5.000%, 5/01/44   5/29 at 100.00 Aa1 3,954,056
3,500   Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation Bonds, School Building & Site Series 2020, 5.000%, 5/01/50 (WI/DD, settling 9/01/20)   5/30 at 100.00 Aa1 4,454,730
4,000   West Ottawa Public School District, Ottawa County, Michigan, General Obligation Bonds, School Building & Site Series 2019, 5.000%, 5/01/44   5/29 at 100.00 Aa2 5,000,520
2,625   Williamston Community School District, Michigan, Unlimited Tax General Obligation QSBLF Bonds, Series 1996, 5.500%, 5/01/25  –  NPFG Insured   No Opt. Call Aa2 2,975,857
73,300   Total Tax Obligation/General       89,678,879
    Tax Obligation/Limited – 15.1%        
2,935   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 AA 3,285,762
1,450   Jackson, Jackson County, Michigan, Downtown Development Bonds, Series 2001, 0.000%, 6/01/21  –  AGM Insured   No Opt. Call AA 1,442,663
1,000   Lansing Township Downtown Development Authority, Ingham County, Michigan, Tax Increment Bonds, Series 2013A, 5.950%, 2/01/42   2/24 at 103.00 N/R 1,066,530
4,070   Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Regional Convention Facility Authority Local Project, Series 2014H-1, 5.000%, 10/01/39   10/24 at 100.00 AA- 4,663,040
2,000   Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2015-I, 5.000%, 4/15/38   10/25 at 100.00 Aa2 2,387,300
    Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2016-I:        
1,540   5.000%, 4/15/36   10/26 at 100.00 Aa2 1,871,593
3,450   5.000%, 4/15/41   10/26 at 100.00 Aa2 4,150,108
1,000   5.000%, 10/15/46   10/26 at 100.00 Aa2 1,193,900
    Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2019-I:        
520   5.000%, 4/15/36   10/29 at 100.00 Aa2 678,569
1,000   4.000%, 10/15/49   10/29 at 100.00 Aa2 1,150,480
1,000   4.000%, 4/15/54   10/29 at 100.00 Aa2 1,145,620
1,500   Michigan State, Comprehensive Transportation Revenue Bonds, Refunding Series 2015, 5.000%, 11/15/29   11/24 at 100.00 AA+ 1,770,015
9,170   Michigan State, Trunk Line Fund Bonds, Rebuilding Michigan Program Series 2020B, 4.000%, 11/15/45 (UB) (WI/DD, settling 9/10/20) (4)   11/30 at 100.00 AA+ 10,792,540
685   Michigan State, Trunk Line Fund Bonds, Refunding Series 2015, 5.000%, 11/15/22   No Opt. Call AA+ 757,411
      23

Nuveen Michigan Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Michigan State, Trunk Line Fund Bonds, Series 2011:        
$1,015   5.000%, 11/15/33   11/21 at 100.00 AA+ $1,069,668
700   5.000%, 11/15/36   11/21 at 100.00 AA+ 737,611
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
5,290   4.500%, 7/01/34   7/25 at 100.00 N/R 5,598,830
1,676   4.550%, 7/01/40   7/28 at 100.00 N/R 1,784,906
750   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 N/R 798,735
40,751   Total Tax Obligation/Limited       46,345,281
    Transportation – 3.3%        
1,000   Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Airport, Refunding Series 2011A, 5.000%, 12/01/21 (AMT)   No Opt. Call A1 1,056,260
1,250   Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Senior Series 2017A, 5.000%, 12/01/42   12/27 at 100.00 A1 1,489,987
    Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2012A:        
2,000   5.000%, 12/01/37   12/22 at 100.00 A1 2,161,000
1,000   5.000%, 12/01/42  –  AGM Insured   12/22 at 100.00 AA 1,081,890
1,700   Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2014C, 5.000%, 12/01/44 (AMT)   12/24 at 100.00 A1 1,891,641
2,000   Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2018A, 5.000%, 12/01/36   12/28 at 100.00 A1 2,466,880
8,950   Total Transportation       10,147,658
    U.S. Guaranteed – 7.6% (5)        
690   Ann Arbor Public School District, Washtenaw County, Michigan, General Obligation Bonds, Refunding Series 2012, 5.000%, 5/01/29 (Pre-refunded 5/01/22)   5/22 at 100.00 Aa1 745,227
    Kent Hospital Finance Authority, Michigan, Revenue Bonds, Spectrum Health System, Refunding Series 2011C:        
2,135   5.000%, 1/15/31 (Pre-refunded 1/15/22)   1/22 at 100.00 AA 2,275,675
365   5.000%, 1/15/42 (Pre-refunded 1/15/22)   1/22 at 100.00 AA 389,050
525   Lansing Board of Water and Light, Michigan, Utility System Revenue Bonds, Series 2011A, 5.000%, 7/01/34 (Pre-refunded 7/01/21)   7/21 at 100.00 AA- 546,079
    Lansing Board of Water and Light, Michigan, Utility System Rvenue Bonds, Tender Option Bond Trust 2016-XF0394:        
250   18.025%, 7/01/37 (Pre-refunded 7/01/21), 144A (IF) (4)   7/21 at 100.00 AA- 290,155
800   18.025%, 7/01/37 (Pre-refunded 7/01/21), 144A (IF) (4)   7/21 at 100.00 AA- 928,496
3,000   Michigan Finance Authority, Hospital Revenue Bonds, Crittenton Hospital Medical Center, Refunding Series 2012A, 5.000%, 6/01/39 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R 3,249,360
5,000   Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2017A-MI, 5.000%, 12/01/47 (Pre-refunded 12/01/22)   12/22 at 100.00 AA- 5,525,900
24      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
    Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011MI:        
$10   5.000%, 12/01/39 (Pre-refunded 12/01/21)   12/21 at 100.00 N/R $10,587
2,295   5.000%, 12/01/39 (Pre-refunded 12/01/21)   12/21 at 100.00 AA- 2,432,746
365   Michigan Finance Authority, State Revolving Fund Revenue Bonds, Clean Water Series 2012, 5.000%, 10/01/32 (Pre-refunded 10/01/22)   10/22 at 100.00 AAA 401,358
4,000   Michigan House of Representatives, Certificates of Participation, Series 1998, 0.000%, 8/15/23  –  AMBAC Insured (ETM)   No Opt. Call N/R 3,948,440
500   Michigan Municipal Bond Authority, Clean Water Revolving Fund Revenue Bonds, Series 2010, 5.000%, 10/01/30 (Pre-refunded 10/01/20)   10/20 at 100.00 AAA 501,965
2,000   Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series 2009C, 5.000%, 12/01/48 (Pre-refunded 6/01/22)   6/22 at 100.00 AA- 2,166,240
21,935   Total U.S. Guaranteed       23,411,278
    Utilities – 8.6%        
1,875   Holland, Michigan, Electric Utility System Revenue Bonds, Series 2014A, 5.000%, 7/01/31   7/21 at 100.00 AA 1,945,950
    Lansing Board of Water and Light, Michigan, Utility System Revenue Bonds, Refunding Series 2017A:        
1,250   5.000%, 7/01/31   7/27 at 100.00 AA- 1,593,363
1,000   5.000%, 7/01/32   7/27 at 100.00 AA- 1,267,570
8,835   Lansing Board of Water and Light, Michigan, Utility System Revenue Bonds, Series 2019A, 5.000%, 7/01/48   7/29 at 100.00 AA- 11,184,403
    Marquettte, Michigan, Electric Utility System Revenue Bonds, Refunding Series 2016A:        
1,000   5.000%, 7/01/29   7/26 at 100.00 AA- 1,232,780
1,230   5.000%, 7/01/32   7/26 at 100.00 AA- 1,494,327
1,000   5.000%, 7/01/33   7/26 at 100.00 AA- 1,208,930
3,000   Michigan Public Power Agency, AFEC Project Revenue Bonds, Series 2012A, 5.000%, 1/01/43   1/22 at 100.00 A2 3,136,770
2,000   Michigan Public Power Agency, Revenue Bonds, Combustion Turbine 1 Project, Refunding Series 2011, 5.000%, 1/01/27  –  AGM Insured   1/21 at 100.00 AA 2,029,680
1,000   Monroe County Economic Development Corporation, Michigan, Collateralized Limited Obligation Revenue Refunding Bonds, Detroit Edison Company, Series 1992AA, 6.950%, 9/01/22  –  FGIC Insured   No Opt. Call Aa3 1,129,090
22,190   Total Utilities       26,222,863
    Water and Sewer – 7.5%        
850   Downriver Utility Wastewater Authority, Michigan, Sewer System Revenue Bonds, Series 2018, 5.000%, 4/01/43  –  AGM Insured   4/28 at 100.00 AA 1,028,041
1,500   Grand Rapids, Kent County, Michigan, Santiary Sewer System Revenue Bonds, Improvement & Refunding Series 2020, 4.000%, 1/01/50   1/30 at 100.00 AA 1,756,395
    Grand Rapids, Michigan, Sanitary Sewer System Revenue Bonds, Improvement & Refunding Series 2014:        
1,500   5.000%, 1/01/35   1/24 at 100.00 AA 1,712,265
800   5.000%, 1/01/39   1/24 at 100.00 AA 912,072
      25

Nuveen Michigan Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
$350   Grand Rapids, Michigan, Sanitary Sewer System Revenue Bonds, Improvement Series 2012, 5.000%, 1/01/32   1/23 at 100.00 AA $386,250
1,655   Grand Rapids, Michigan, Sanitary Sewer System Revenue Bonds, Series 2018, 5.000%, 1/01/48   1/28 at 100.00 AA 2,019,282
1,250   Grand Rapids, Michigan, Water Supply System Revenue Bonds, Refunding & Improvement Series 2016, 5.000%, 1/01/41   1/26 at 100.00 AA 1,494,063
1,500   Grand Rapids, Michigan, Water Supply System Revenue Bonds, Refunding & Improvement Series 2018, 5.000%, 1/01/43   1/28 at 100.00 AA 1,842,150
    Grand Rapids, Michigan, Water Supply System Revenue Bonds, Refunding Series 2015:        
1,000   5.000%, 1/01/33   1/25 at 100.00 AA 1,182,600
1,000   5.000%, 1/01/35   1/25 at 100.00 AA 1,177,440
1,800   Michigan Finance Authority, Clean Water Revolving Fund Revenue Bonds, Refunding Series 2018B, 5.000%, 10/01/39   10/28 at 100.00 AAA 2,291,832
    Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & Sewerage Department Water Supply System Local Project, Refunding Senior Loan Series 2014D-1:        
1,500   5.000%, 7/01/35  –  AGM Insured   7/24 at 100.00 AA 1,702,530
1,220   5.000%, 7/01/37  –  AGM Insured   7/24 at 100.00 AA 1,379,356
3,000   Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & Sewerage Department Water Supply System Local Project, Series 2014D-2, 5.000%, 7/01/27  –  AGM Insured   7/24 at 100.00 AA 3,462,150
245   Michigan Municipal Bond Authority, Drinking Water Revolving Fund Revenue Bonds, Series 2004, 5.000%, 10/01/24   10/20 at 100.00 AAA 245,938
500   Saginaw, Michigan, Water Supply System Revenue Bonds, Series 2011A, 5.000%, 7/01/31  –  AGM Insured   8/21 at 100.00 AA 521,335
19,670   Total Water and Sewer       23,113,699
$272,081   Total Long-Term Investments (cost $298,255,477)       317,573,601
    Floating Rate Obligations – (3.9)%       (12,035,000)
    Other Assets Less Liabilities – 0.5%       1,518,753
    Net Assets – 100%       $307,057,354
26      

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $317,573,601 $ — $317,573,601
    
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(5) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
ETM Escrowed to maturity  
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 Purchased on a when-issued or delayed delivery basis.  
      27

Nuveen Missouri Municipal Bond Fund
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 98.3%        
    MUNICIPAL BONDS – 98.3%        
    Consumer Staples  – 2.2%        
$3,000   Cape Girardeau County Industrial Development Authority, Missouri, Solid Waste Disposal Revenue Bonds, Procter & Gamble Products Company Project, Series 1998, 5.300%, 5/15/28 (AMT)   10/20 at 100.00 AA- $3,010,380
8,840   Missouri Development Finance Board, Solid Waste Disposal Revenue Bonds, Procter and Gamble Inc, Series 1999, 5.200%, 3/15/29 (AMT)   No Opt. Call AA- 11,617,440
11,840   Total Consumer Staples       14,627,820
    Education and Civic Organizations – 10.3%        
1,200   Curators of the University of Missouri, System Facilities Revenue Bonds, Series 2014A, 4.000%, 11/01/33   11/24 at 100.00 AA+ 1,363,896
4,025   Curators of the University of Missouri, System Facilities Revenue Bonds, Taxable Series 2020A, 5.000%, 11/01/30   No Opt. Call AA+ 5,573,136
1,000   Health and Educational Facilities Authority of the State of Missouri, Educational Facilities Revenue Bonds, University of Central Missouri, Series 2018 A, 4.000%, 10/01/38   10/28 at 100.00 A+ 1,132,410
1,055   Lincoln University, Missouri, Auxiliary System Revenue Bonds, Refunding Series 2019, 5.000%, 6/01/31  –  AGM Insured   6/27 at 100.00 AA 1,290,698
1,025   Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Kansas City University of Medicine and Biosciences, Series 2013A, 5.000%, 6/01/33   6/23 at 100.00 A1 1,136,858
2,000   Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Kansas City University of Medicine and Biosciences, Series 2017A, 5.000%, 6/01/47   6/27 at 100.00 A1 2,373,140
3,000   Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013, 5.500%, 5/01/43   5/23 at 100.00 BBB 3,124,020
    Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Southeast Missouri State University, Refunding Series 2019:        
2,295   4.000%, 10/01/34   10/29 at 100.00 A 2,572,397
2,510   4.000%, 10/01/36   10/29 at 100.00 A 2,788,786
    Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Southwest Baptist University Project, Series 2012:        
575   3.500%, 10/01/22   No Opt. Call BBB- 586,994
3,470   5.000%, 10/01/33   10/22 at 100.00 BBB- 3,566,084
2,255   Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, University of Central Missouri, Series 2013C-2, 5.000%, 10/01/34   10/23 at 100.00 A+ 2,525,487
1,000   Missouri Health and Educational Facilities Authority, Revenue Bonds, Maryville University of St Louis Project, Series 2015, 5.000%, 6/15/44   6/25 at 100.00 BBB+ 1,105,220
28      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis University, Series 2015A:        
$3,700   5.000%, 10/01/38   10/25 at 100.00 AA- $4,322,858
7,920   4.000%, 10/01/42   10/25 at 100.00 AA- 8,676,835
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis University, Series 2017A:        
600   4.000%, 10/01/36   4/27 at 100.00 AA- 682,860
5,690   5.000%, 10/01/42   4/27 at 100.00 AA- 6,818,327
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Saint Louis University, Series 2019A:        
3,390   5.000%, 10/01/46   4/29 at 100.00 AA- 4,066,915
6,665   4.000%, 10/01/48   4/29 at 100.00 AA- 7,393,618
1,150   Missouri Health and Educational Facilities Authority, Revenue Bonds, Webster University, Refunding Series 2017, 4.000%, 4/01/34   4/27 at 100.00 Baa1 1,142,824
    Missouri State University, Auxiliary Enterprise System Revenue Bonds, Series 2019A:        
260   4.000%, 10/01/31   10/27 at 100.00 A+ 296,878
285   4.000%, 10/01/32   10/27 at 100.00 A+ 323,512
500   4.000%, 10/01/33   10/27 at 100.00 A+ 565,170
400   4.000%, 10/01/34   10/27 at 100.00 A+ 451,060
1,625   Saint Louis Community College District, Saint Louis County, Missouri, Certificates of Participation, Series 2017, 4.000%, 4/01/36   4/27 at 100.00 AA 1,867,645
1,000   Saint Louis Industrial Development Authority, Missouri, Confluence Academy Project, Series 2007A, 5.350%, 6/15/32   10/20 at 100.00 N/R 949,590
1,100   Saline County Industrial Development Authority, Missouri, First Mortgage Revenue Bonds, Missouri Valley College, Series 2017, 4.500%, 10/01/40   10/23 at 100.00 N/R 1,106,567
860   Truman State University, Missouri, Housing System Revenue Bonds, Refunding Series 2015, 3.750%, 6/01/33   6/23 at 100.00 A1 900,145
60,555   Total Education and Civic Organizations       68,703,930
    Health Care – 20.8%        
675   Barton County, Missouri, Hospital Revenue Bonds, Cox Barton County Hospital Project, Series 2017B, 3.650%, 7/01/27   7/23 at 100.00 N/R 710,127
    Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding Series 2016:        
1,455   5.000%, 8/01/29   8/26 at 100.00 BBB- 1,621,568
1,000   5.000%, 8/01/30   8/26 at 100.00 BBB- 1,110,580
    Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Saint Francis Medical Center, Series 2013A:        
530   3.375%, 6/01/28   6/22 at 100.00 AA 549,504
4,000   5.000%, 6/01/33   6/22 at 100.00 AA 4,225,160
2,000   Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Saint Francis Medical Center, Series 2016, 5.000%, 6/01/39   6/26 at 100.00 AA 2,324,440
      29

Nuveen Missouri Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$1,400   Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2016A, 6.000%, 3/01/33   3/23 at 103.00 BBB- $1,568,098
    Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2017A:        
1,325   5.000%, 3/01/31   3/27 at 100.00 BBB- 1,463,489
1,210   5.000%, 3/01/32   3/27 at 100.00 BBB- 1,329,911
1,645   5.000%, 3/01/36   3/27 at 100.00 BBB- 1,783,772
360   Clinton County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Cameron Regional Medical Center, Inc, Series 2017B, 4.500%, 12/01/35   12/25 at 100.00 N/R 387,086
    Clinton County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Cameron Regional Medical Center, Series 2017C:        
200   4.400%, 12/01/35   12/25 at 100.00 N/R 214,082
1,000   4.500%, 12/01/36   12/25 at 100.00 N/R 1,071,540
    Hannibal Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Hannibal Regional Healthcare System, Series 2017:        
1,170   4.000%, 10/01/31   10/27 at 100.00 A- 1,290,171
1,220   4.000%, 10/01/32   10/27 at 100.00 A- 1,337,449
485   5.000%, 10/01/42   10/27 at 100.00 A- 565,908
2,450   5.000%, 10/01/47   10/27 at 100.00 A- 2,831,318
1,560   Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman Health System, Series 2015, 5.000%, 2/15/35   2/24 at 100.00 A 1,726,078
    Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman Health System, Series 2020A:        
290   5.000%, 2/15/29   No Opt. Call A 372,873
310   5.000%, 2/15/30   No Opt. Call A 404,082
    Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds, Saint Luke's Health System, Inc, Series 2016:        
1,060   4.000%, 11/15/33   5/26 at 100.00 A+ 1,189,511
4,030   5.000%, 11/15/34   5/26 at 100.00 A+ 4,778,532
4,335   5.000%, 11/15/35   5/26 at 100.00 A+ 5,125,097
1,000   Missouri Health and Education Facilities Authority, Health Facilities Revenue Bonds, Saint Luke's Health System, Inc, Series 2018A, 5.000%, 11/15/43   5/28 at 100.00 A+ 1,208,670
1,000   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Series 2014, 5.000%, 1/01/44   1/24 at 100.00 AA 1,096,500
5,890   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Series 2015A, 4.000%, 1/01/45   1/25 at 100.00 AA 6,333,870
9,125   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Variable Rate Demand Obligation Series 2017D, 4.000%, 1/01/58 (Mandatory Put 1/01/48)   1/28 at 100.00 AA 10,165,615
2,160   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Capital Region Medical Center, Series 2011, 5.000%, 11/01/27   11/20 at 100.00 Baa2 2,173,262
30      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2013A:        
$1,475   5.000%, 11/15/44   11/23 at 100.00 A2 $1,604,181
2,980   5.000%, 11/15/48   11/23 at 100.00 A2 3,235,207
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2015A:        
2,200   5.000%, 11/15/32   11/25 at 100.00 A2 2,581,986
2,400   5.000%, 11/15/39   11/25 at 100.00 A2 2,764,968
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2019A:        
880   5.000%, 11/15/35   5/29 at 100.00 A2 1,094,746
3,000   4.000%, 11/15/49   5/29 at 100.00 A2 3,346,740
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Heartland Regional Medical Center, Series 2012:        
1,000   3.875%, 2/15/32   2/22 at 100.00 AA- 1,031,370
3,035   5.000%, 2/15/37   2/22 at 100.00 AA- 3,172,546
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2014F:        
845   5.000%, 11/15/45   11/24 at 100.00 AA- 943,637
2,355   4.250%, 11/15/48   11/24 at 100.00 AA- 2,535,511
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2017C:        
1,050   4.000%, 11/15/36   11/27 at 100.00 AA- 1,190,721
2,160   4.000%, 11/15/37   11/27 at 100.00 AA- 2,442,766
5,295   4.000%, 11/15/47   11/27 at 100.00 AA- 5,877,397
2,750   5.000%, 11/15/47   11/27 at 100.00 AA- 3,263,892
1,330   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2018A, 5.000%, 6/01/30   12/28 at 100.00 AA- 1,700,072
1,930   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 AA- 2,178,487
1,000   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Saint Anthony's Medical Center, Series 2015B, 5.000%, 2/01/45   8/25 at 100.00 AA- 1,149,400
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Saint Luke's Episcopal & Presbyterian Hospitals, Series 2015B:        
1,500   3.500%, 12/01/32   6/25 at 100.00 A+ 1,588,860
2,000   5.000%, 12/01/33   6/25 at 100.00 A+ 2,285,860
500   3.625%, 12/01/34   6/25 at 100.00 A+ 530,010
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Saint Luke's Episcopal & Presbyterian Hospitals, Series 2019:        
1,100   4.000%, 12/01/35   6/29 at 100.00 A+ 1,267,024
2,000   4.000%, 12/01/37   6/29 at 100.00 A+ 2,287,000
      31

Nuveen Missouri Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, SSM Health Care, Series 2014A:        
$310   5.000%, 6/01/26   6/24 at 100.00 AA- $356,212
2,000   5.000%, 6/01/31   6/24 at 100.00 AA- 2,250,580
1,090   4.000%, 6/01/32   6/24 at 100.00 AA- 1,180,307
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, SSM Health Care, Series 2018A:        
1,000   4.000%, 6/01/48   6/28 at 100.00 AA- 1,113,410
1,500   5.000%, 6/01/48   6/28 at 100.00 AA- 1,793,190
    Missouri Health and Educational Facilities Authority, Health Facility Revenue Bonds, Saint Luke's Health System, Series 2010A:        
550   5.250%, 11/15/25   11/20 at 100.00 A+ 554,917
2,540   5.000%, 11/15/30   11/20 at 100.00 A+ 2,558,263
1,000   5.000%, 11/15/40   11/20 at 100.00 A+ 1,006,060
3,000   Missouri Health and Educational Facilities Authority, Revenue Bonds, Children's Mercy Hospital, Series 2016, 4.000%, 5/15/34   5/26 at 100.00 A+ 3,351,300
3,030   Missouri Health and Educational Facilities Authority, Revenue Bonds, Children's Mercy Hospital, Series 2017A, 4.000%, 5/15/48   5/25 at 102.00 A+ 3,307,427
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Lester E Cox Medical Center, Series 1992H:        
3,005   0.000%, 9/01/21  –  NPFG Insured   No Opt. Call A2 2,986,219
4,025   0.000%, 9/01/22  –  NPFG Insured   No Opt. Call A2 3,966,678
    Saint Louis County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Ranken-Jordan Project, Refunding & Improvement Series 2016:        
830   5.000%, 11/15/28   11/25 at 100.00 N/R 887,893
2,250   4.000%, 11/15/36   11/25 at 100.00 N/R 2,174,242
3,000   5.000%, 11/15/46   11/25 at 100.00 N/R 3,074,280
1,195   Stoddard County Industrial Development Authority, Missouri, Health Facility Revenue Bonds, Southeasthealth, Series 2016B, 6.000%, 3/01/37   3/23 at 103.00 BBB- 1,320,798
125,995   Total Health Care       138,912,450
    Housing/Multifamily – 0.2%        
1,000   Missouri Housing Development Commission, Multifamily Housing Revenue Bonds, Shepard Apartments Project, 2013 Series 3, 5.000%, 7/01/45   7/23 at 100.00 AA+ 1,070,800
    Housing/Single Family – 0.3%        
1,315   Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, First Place Homeownership Loan Program, Series 2017A-2, 3.800%, 11/01/37   11/26 at 100.00 AA+ 1,448,814
360   Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, Homeownership Loan Program, Series 2015B-2, 3.800%, 11/01/34   5/25 at 100.00 AA+ 390,748
1,675   Total Housing/Single Family       1,839,562
32      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Long-Term Care – 4.4%        
$3,110   Bridgeton Industrial Development Authority, Missouri, Senior Housing Revenue Bonds, The Sarah Community Project, Refunding Series 2016, 4.000%, 5/01/33   5/25 at 100.00 N/R $2,952,323
900   Kirkwood Industrial Development Authority, Missouri, Retirement Community Revenue Bonds, Aberdeen Heights Project, Refunding Series 2017A, 5.250%, 5/15/37   5/27 at 100.00 BB 924,471
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2011:        
1,025   5.750%, 2/01/31   2/21 at 100.00 BBB 1,041,297
2,750   6.000%, 2/01/41   2/21 at 100.00 BBB 2,789,737
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2014A:        
1,000   5.000%, 2/01/35   2/24 at 100.00 BBB 1,057,420
1,500   5.000%, 2/01/44   2/24 at 100.00 BBB 1,570,785
5,550   Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2016A, 5.000%, 2/01/46   2/26 at 100.00 BBB 5,940,220
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2019C:        
1,000   5.000%, 2/01/42   2/29 at 102.00 BBB 1,125,760
3,580   4.000%, 2/01/48   2/29 at 100.00 BBB 3,649,166
    Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village of Sunset Hills, Series 2012:        
550   5.000%, 9/01/32   9/22 at 100.00 BB+ 564,713
2,715   5.000%, 9/01/42   9/22 at 100.00 BB+ 2,768,703
2,570   Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village of Sunset Hills, Series 2013A, 5.875%, 9/01/43   9/23 at 100.00 BB+ 2,735,457
2,000   Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village Saint Louis Obligated Group, Series 2017, 5.000%, 9/01/48   9/27 at 100.00 BB+ 2,106,040
500   Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Saint Andrew's Resources for Seniors, Series 2015A, 5.125%, 12/01/45   12/25 at 100.00 N/R 478,470
28,750   Total Long-Term Care       29,704,562
    Tax Obligation/General – 14.0%        
    Belton, Missouri, General Obligation Bonds, Refunding & Improvement Series 2011:        
930   5.000%, 3/01/29   3/21 at 100.00 N/R 951,697
190   5.000%, 3/01/29   3/21 at 100.00 AA- 194,404
1,035   5.000%, 3/01/30   3/21 at 100.00 N/R 1,059,147
210   5.000%, 3/01/30   3/21 at 100.00 AA- 214,868
840   4.750%, 3/01/31   3/21 at 100.00 N/R 858,556
170   4.750%, 3/01/31   3/21 at 100.00 AA- 173,390
2,000   Branson Reorganized School District R-4, Taney County, Missouri, General Obligation Bonds, School Building Series 2012, 4.375%, 3/01/32   3/22 at 100.00 A+ 2,118,560
      33

Nuveen Missouri Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Camdenton Reorganized School District R3, Camden County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2014:        
$960   5.000%, 3/01/33   3/22 at 100.00 N/R $1,026,749
40   5.000%, 3/01/33   3/22 at 100.00 AA- 42,728
3,745   Camdenton Reorganized School District R3, Camden County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2015, 4.000%, 3/01/35   3/23 at 100.00 AA- 3,996,701
3,665   Clay County Public School District 53, Liberty, Missouri, General Obligation Bonds, Series 2018, 4.000%, 3/01/36   3/26 at 100.00 AA 4,120,889
    Clay County Reorganized School District R-II Smithville, Missouri, General Obligation Bonds, Refunding Series 2015:        
2,000   4.000%, 3/01/35   3/27 at 100.00 AA+ 2,295,380
1,160   4.000%, 3/01/36   3/27 at 100.00 AA+ 1,326,878
3,000   Columbia School District, Boone County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2015, 4.000%, 3/01/35   3/25 at 100.00 Aa1 3,336,360
1,225   Columbia School District, Boone County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2016, 5.000%, 3/01/36   3/26 at 100.00 Aa1 1,468,640
1,000   Fort Osage Reorganized School District R-1, Jackson County, Missouri, General Obligation Bonds, Direct Deposit Program, Series 2017, 4.000%, 3/01/34   3/27 at 100.00 AA+ 1,169,030
    Fort Zumwalt School District, Callaway County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2015:        
1,500   4.000%, 3/01/31   3/24 at 100.00 AA+ 1,662,180
1,000   4.000%, 3/01/32   3/24 at 100.00 AA+ 1,104,190
1,800   Fort Zumwalt School District, Callaway County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2018, 5.000%, 3/01/36   3/27 at 100.00 AA+ 2,216,754
1,000   Franklin County Reorganized School District R-XI Union, Missouri, General Obligation Bonds, Series 2020A, 5.000%, 3/01/36   3/25 at 100.00 AA+ 1,179,650
2,000   Hazelwood School District, St Louis County, Missouri, General Obligation Bonds, Missouri Direct Deposit Program, Series 2013A, 5.000%, 3/01/33   3/23 at 100.00 AA+ 2,226,360
1,950   Independence School District, Jackson County, Missouri, General Obligation Bonds, Refunding Series 2017B, 5.500%, 3/01/32   3/27 at 100.00 AA+ 2,498,788
1,435   Jackson County Center School District 58, Missouri, General Obligation Bonds, Refunding & School Building Series 2019A, 4.000%, 3/01/37   3/27 at 100.00 Aa1 1,655,732
1,000   Jackson County Consolidated School District 2, Raytown, Missouri, General Obligation Bonds, Series 2014, 5.000%, 3/01/32   3/24 at 100.00 AA+ 1,142,950
    Jackson County Consolidated School District 2, Raytown, Missouri, General Obligation Bonds, Series 2019A:        
1,000   5.000%, 3/01/36   3/29 at 100.00 AA+ 1,300,910
1,000   5.000%, 3/01/38   3/29 at 100.00 AA+ 1,288,530
1,000   5.000%, 3/01/39   3/29 at 100.00 AA+ 1,284,870
500   Jackson County Reorganized School District 4, Blue Springs, Missouri, General Obligation Bonds, School Building Series 2013A, 5.000%, 3/01/31   3/21 at 100.00 AA- 511,665
1,140   Jackson County Reorganized School District 4, Blue Springs, Missouri, General Obligation Bonds, School Building Series 2018A, 5.500%, 3/01/37   3/29 at 100.00 AA+ 1,534,235
34      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$1,000   Jackson County Reorganized School District 4, Blue Springs, Missouri, General Obligation Bonds, School Building Series 2019, 5.500%, 3/01/39   3/29 at 100.00 AA+ $1,337,980
825   Johnson County School District R-VI Warrensburg, Missouri, General Obligation Bonds, Refunding Series 2019, 4.000%, 3/01/30   3/28 at 100.00 AA+ 1,003,918
2,000   Joplin Schools, Missouri, General Obligation Bonds, Refunding, Direct Deposit Program Series 2017, 4.000%, 3/01/32   3/27 at 100.00 AA+ 2,343,120
5,000   Kansas City, Missouri, General Obligation Bonds, Improvement & Refunding Series 2012A, 4.500%, 2/01/26   2/22 at 100.00 AA 5,280,100
    Kansas City, Missouri, General Obligation Bonds, Refunding & Improvement Series 2018A:        
1,510   4.000%, 2/01/36   2/28 at 100.00 AA 1,794,816
1,000   4.000%, 2/01/37   2/28 at 100.00 AA 1,186,180
1,190   Kansas City, Missouri, General Obligation Bonds, Series 2020A, 4.000%, 2/01/37   2/30 at 100.00 AA 1,467,627
    Marion County School District 60 Hannibal, Ralls and Marion County, Missouri, General Obligation Bonds, Series 2019:        
1,050   5.000%, 3/01/31   3/24 at 100.00 AA+ 1,205,505
2,000   5.000%, 3/01/39   3/24 at 100.00 AA+ 2,261,880
1,775   Marshfield, Missouri, Combined Waterworks and Sewerage System Revenue Bones, Series 2020B, 5.000%, 2/01/47  –  AGM Insured   2/28 at 100.00 AA 2,134,313
    Marshfield, Missouri, General Obligation Bonds, Street Improvement Series 2018:        
570   4.000%, 3/01/31   3/26 at 100.00 A+ 648,632
325   5.000%, 3/01/34   3/26 at 100.00 A+ 389,353
685   5.000%, 3/01/35   3/26 at 100.00 A+ 818,328
    Nixa Public Schools, Christian County, Missouri, General Obligation Bonds, Missouri Direct Deposit Program, Refunding & School Building Series 2019:        
1,000   4.000%, 3/01/36   3/27 at 100.00 AA+ 1,165,300
1,000   4.000%, 3/01/37   3/27 at 100.00 AA+ 1,161,890
550   Nixa Public Schools, Christian County, Missouri, General Obligation Bonds, Missouri Direct Deposit Program, Refunding Series 2019B, 4.000%, 3/01/34   3/30 at 100.00 AA+ 686,141
500   North Kansas City School District 74, Clay County, Missouri, General Obligation Bonds, Direct Deposit Program, Refunding & Improvement Series 2014, 4.000%, 3/01/32   3/24 at 100.00 AA+ 553,005
1,000   Osage School Lake Ozark, Missouri, General Obligation Bonds, School Building Series 2014B, 5.000%, 3/01/34   3/24 at 100.00 AA- 1,134,160
2,000   Osage School Lake Ozark, Missouri, General Obligation Bonds, Series 2018, 5.000%, 3/01/37   3/26 at 100.00 AA- 2,379,000
1,500   Ozark Reorganized School District 6, Christian County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2015, 4.000%, 3/01/34   3/23 at 100.00 AA+ 1,608,390
2,000   Platte County School District Park Hill, Missouri, General Obligation Bonds, Missouri Direct Deposit Program, Refunding Series 2017, 4.000%, 3/01/31   3/26 at 100.00 AA+ 2,325,360
1,200   Poplar Bluff R-I School District, Butler County, Missouri, Lease Certificates of Participation, Series 2014, 5.000%, 3/01/33  –  AGM Insured   3/24 at 100.00 AA 1,362,036
355   Riverview Fire Protection District, St Louis County, Missouri, General Obligation Bonds, Refunding & Improvement Series 2020, 4.000%, 3/01/29  –  BAM Insured   3/27 at 100.00 AA 421,442
      35

Nuveen Missouri Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$4,000   Saint Charles County Francis Howell School District, Missouri, General Obligation Bonds, Series 2020, 3.000%, 3/01/34 (WI/DD, Settling 9/03/20)   3/28 at 100.00 AA $4,444,680
1,000   Saint Louis County Pattonville School District R3, Missouri, General Obligation Bonds, Refunding Series 2018A, 5.000%, 3/01/36   3/26 at 100.00 AA 1,198,890
985   Springfield School District R12, Greene County, Missouri, General Obligation Bonds, School Building Series 2019, 4.000%, 3/01/35   3/29 at 100.00 AA 1,198,489
    Springfield School District R12, Greene County, Missouri, General Obligation Bonds, Series 2013:        
1,000   5.000%, 3/01/32   3/23 at 100.00 AA+ 1,113,660
1,000   5.000%, 3/01/33   3/23 at 100.00 AA+ 1,113,660
    Valley Park Fire Protection District, Missouri, General Obligation Bonds, Series 2019:        
650   4.000%, 3/01/31   3/27 at 100.00 AA 762,313
705   4.000%, 3/01/33   3/27 at 100.00 AA 818,604
550   4.000%, 3/01/35   3/27 at 100.00 AA 634,898
600   4.000%, 3/01/37   3/27 at 100.00 AA 688,290
    Washington School District, Franklin County, Missouri, General Obligation Bonds, Missouri Direct Deposit Program, Series 2019:        
1,500   4.000%, 3/01/34   3/27 at 100.00 AA+ 1,738,335
905   4.000%, 3/01/35   3/27 at 100.00 AA+ 1,044,089
81,425   Total Tax Obligation/General       93,385,175
    Tax Obligation/Limited – 18.6%        
885   Arnold Retail Corridor Transportation Development District, Missouri, Sales Tax Revenue Bonds, Refunding Series 2019, 3.000%, 11/01/28   11/24 at 100.00 N/R 850,742
    Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2019:        
625   4.000%, 10/01/34   10/29 at 100.00 AA- 744,119
2,680   4.000%, 10/01/36   10/29 at 100.00 AA- 3,162,641
3,500   4.000%, 10/01/48   10/29 at 100.00 AA- 4,006,100
5,280   Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2020A, 4.000%, 10/01/44   10/30 at 100.00 Aa2 6,170,366
2,000   Blue Springs, Missouri, Special Obligation Tax Increment Bonds, Adams Farm Project, Special Districts Refunding & Improvement Series 2015A, 4.750%, 6/01/30   6/24 at 100.00 N/R 1,957,120
1,555   Brentwood, Missouri, Certificates of Participation, Series 2019, 4.000%, 10/01/37   10/25 at 101.00 AA- 1,720,856
    Cape Girardeau County Reorganized School District R2, Missouri, Certificates of Participation, Series 2020A:        
1,000   4.000%, 4/01/35  –  BAM Insured   4/28 at 100.00 AA 1,159,640
525   4.000%, 4/01/36  –  BAM Insured   4/28 at 100.00 AA 605,687
    Clay County School District R-11 Smithville, Missouri, Certificates of Participation, Series 2018:        
340   4.000%, 4/01/38   4/28 at 100.00 A+ 385,512
2,515   5.000%, 4/01/43   4/28 at 100.00 A+ 3,033,945
36      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$900   Clay, Jackson & Platte Counties Consolidated Public Library District 3, Missouri, Certificates of Participation, Mid-Continent Public Library Project, Series 2018, 4.000%, 3/01/35   3/26 at 100.00 Aa3 $999,810
2,040   Conley Road Transportation District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2017, 5.125%, 5/01/41   5/25 at 100.00 N/R 2,045,304
365   Excelsior Springs Community Center, Missouri, Sales Tax Revenue Bonds, Series 2014, 4.000%, 3/01/28  –  AGM Insured   3/23 at 100.00 AA 393,795
300   Excelsior Springs, Missouri, Certificate of Participation, Refunding Series 2020B, 4.000%, 3/01/31  –  BAM Insured   No Opt. Call AA 377,727
    Fenton Missouri Fire Protection District, Missouri, General Obligation Bonds, Series 2019:        
1,000   4.000%, 3/01/29   3/27 at 100.00 AA+ 1,205,300
1,075   4.000%, 3/01/30   3/27 at 100.00 AA+ 1,289,258
450   4.000%, 3/01/36   3/27 at 100.00 AA+ 517,730
375   4.000%, 3/01/37   3/27 at 100.00 AA+ 430,181
500   4.000%, 3/01/38   3/27 at 100.00 AA+ 572,165
195   Florissant Industrial Development Authority, Missouri, Tax Increment Revenue Bonds, Florissant - Cross Keys Redevelopment Project, Refunding Series 2003, 5.625%, 5/01/24   10/20 at 100.00 N/R 195,199
440   Franklin County Industrial Development Authority, Missouri, Sales Tax Refunding Revenue Bonds, Phoenix Center II Community Improvement District Project, Series 2013A, 5.000%, 11/01/37   11/20 at 100.00 N/R 433,000
1,105   Franklin County, Missouri, Certificates of Participation, Series 2019A, 3.000%, 11/01/30   11/26 at 100.00 A+ 1,215,312
1,685   Fulton, Missouri, Tax Increment Revenue Bonds, Fulton Commons Redevelopment Project, Series 2006, 5.000%, 6/01/28 (4)   10/20 at 100.00 N/R 876,200
530   Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.125%, 1/01/42   1/22 at 100.00 BB 543,875
1,850   Government of Guam, Business Privilege Tax Bonds, Series 2012B-1, 5.000%, 1/01/42   1/22 at 100.00 BB 1,894,973
    Great Rivers Greenway Metropolitan Park & Recreation District, Missouri, Sales Tax Appropriation Bonds, Gateway Arch Project, Series 2014:        
3,500   5.000%, 12/30/29   12/23 at 100.00 A+ 3,841,495
4,090   5.000%, 12/30/31   12/23 at 100.00 A+ 4,451,720
750   Greene County, Missouri, Certificates of Participation, Capital Projects, Series 2018, 4.000%, 9/01/33   9/28 at 100.00 Aa3 890,048
1,000   Hanley/Eager Road Transportation Development District, Missouri, Revenue Bonds, Refunding Series 2016A, 3.625%, 3/01/33   3/21 at 100.00 N/R 951,900
    Howard Bend Levee District, Missouri, Levee District Improvement Bonds, Series 2005:        
1,470   5.750%, 3/01/23  –  SYNCORA GTY Insured   No Opt. Call BB+ 1,568,755
1,560   5.750%, 3/01/24  –  SYNCORA GTY Insured   No Opt. Call BB+ 1,701,570
1,745   5.500%, 3/01/26  –  SYNCORA GTY Insured   No Opt. Call BB+ 1,949,409
    Howard Bend Levee District, St Louis County, Missouri, Levee District Improvement Bonds, Series 2013B:        
1,000   4.875%, 3/01/33   3/23 at 100.00 BB+ 1,007,120
1,300   5.000%, 3/01/38   3/23 at 100.00 BB+ 1,308,177
      37

Nuveen Missouri Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$925   Kansas City Industrial Development Authority, Missouri, Downtown Redevelpment District Revenue Bonds, Series 2011A, 5.000%, 9/01/32   9/21 at 100.00 AA- $967,587
1,100   Kansas City Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Ward Parkway Center Community Improvement District, Senior Refunding & Improvement Series 2016, 4.250%, 4/01/26, 144A   No Opt. Call N/R 1,115,796
1,200   Kansas City Industrial Development Authority, Missouri, Special Obligation Revenue Bonds, Plaza Library Project, Refunding Series 2014, 4.250%, 3/01/23   No Opt. Call N/R 1,223,064
2,000   Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series 2004B-1, 0.000%, 4/15/27  –  AMBAC Insured   No Opt. Call AA- 1,838,200
1,750   Kansas City, Missouri, Special Obligation Bonds, Downtown Redevelopment District, Series 2014C, 5.000%, 9/01/33   9/23 at 100.00 AA- 1,944,530
1,025   Kansas City, Missouri, Special Obligation Bonds, Kansas City Missouri Projects, Series 2012A, 5.000%, 3/01/26   3/22 at 100.00 AA- 1,089,011
    Kansas City, Missouri, Special Obligation Bonds, Kansas City Missouri Projects, Series 2017B:        
360   4.000%, 10/01/30   10/27 at 100.00 AA- 419,396
2,500   5.000%, 9/01/31   9/27 at 100.00 AA- 3,117,725
235   3.625%, 10/01/32   10/27 at 100.00 AA- 261,614
342   Lakeside 370 Levee District, Saint Charles, Missouri, Subdistrict A Bonds, Refunding Series 2015A, 5.750%, 4/01/55   10/20 at 100.00 N/R 329,404
912   Lakeside 370 Levee District, Saint Charles, Missouri, Subdistrict B Bonds, Refunding Taxable Series 2015B, 0.000%, 4/01/55   10/20 at 100.00 N/R 159,585
    Land Clearance for Redevelopment Authority of Kansas City, Missouri, Project Revenue Bonds, Convention Center Hotel Project - TIF Financing, Series 2018B:        
1,200   5.000%, 2/01/40, 144A   2/28 at 100.00 N/R 1,258,308
100   5.000%, 2/01/50, 144A   2/28 at 100.00 N/R 104,207
    Liberty, Missouri, Special Obligation Tax Increment and Special Districts Bonds, Liberty Commons Project, Series 2015A:        
1,195   5.750%, 6/01/35, 144A   6/25 at 100.00 N/R 1,153,450
785   6.000%, 6/01/46, 144A   6/25 at 100.00 N/R 759,951
1,750   Maryland Heights, Missouri, Tax Increment and Special District Revenue Bonds, Westport Plaza Redevelopment Area, Series 2020, 3.625%, 11/01/31   11/29 at 100.00 N/R 1,747,550
1,000   Missouri Development Finance Board, Missouri, Annual Appropriation Revenue Bonds, Fulton State Hospital Project, Series 2014, 3.000%, 10/01/26   10/22 at 100.00 AA+ 1,045,060
1,000   Monarch-Chesterfield Levee District, Saint Louis County, Missouri, Levee District Bonds, Refunding Series 2015, 5.000%, 3/01/40   3/24 at 100.00 A 1,116,090
1,000   Oak Grove, Missouri, Refunding and Improvement Certificates of Participation Series 2012, 5.000%, 1/01/33   1/22 at 100.00 Baa1 1,039,500
2,085   Osage Beach, Missouri, Tax Increment Revenue Bonds, Prewitts Point Project, Series 2006, 5.000%, 5/01/23   10/20 at 100.00 N/R 1,976,830
570   Poplar Bluff Regional Transportation Development District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2012, 4.750%, 12/01/42   12/22 at 100.00 BBB 594,185
38      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
$3,000   4.500%, 7/01/34   7/25 at 100.00 N/R $3,175,140
1,000   4.550%, 7/01/40   7/28 at 100.00 N/R 1,064,980
2,931   0.000%, 7/01/46   7/28 at 41.38 N/R 840,816
1,744   5.000%, 7/01/58   7/28 at 100.00 N/R 1,862,069
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2:        
2,000   4.329%, 7/01/40   7/28 at 100.00 N/R 2,100,020
18   4.536%, 7/01/53   7/28 at 100.00 N/R 18,662
250   4.784%, 7/01/58   7/28 at 100.00 N/R 263,328
    Pulaski County, Missouri, Certificates of Participation, Series 2019:        
880   4.000%, 12/01/32   12/27 at 100.00 A- 965,800
915   4.000%, 12/01/33   12/27 at 100.00 A- 1,000,269
450   Saint Charles County Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Wentzville Parkway Regional Community Improvement District Project, Series 2019B, 4.250%, 11/01/49, 144A   11/29 at 102.00 N/R 407,417
1,075   Saint Charles, Missouri, Certificates of Participation, Series 2017, 4.000%, 4/01/29   4/26 at 100.00 Aa3 1,242,474
250   Saint Louis County Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Chesterfield Blue Valley Community Improvement District Project, Series 2014A, 5.250%, 7/01/44, 144A   7/24 at 100.00 N/R 245,315
770   Saint Louis County Industrial Development Authority, Missouri, Transporation Development Revenue Bonds, University Place Transportation Development District Project, Refunding Series 2015, 4.000%, 3/01/32, 144A   3/22 at 100.00 N/R 726,472
1,875   Saint Louis County Special School District, Missouri, Certificates of Participation Lease, Series 2014B, 4.000%, 4/01/28   4/22 at 100.00 AA 1,971,431
    Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Series 2009A:        
1,000   0.000%, 7/15/26  –  AGC Insured   No Opt. Call AA 914,550
1,000   0.000%, 7/15/27  –  AGC Insured   No Opt. Call AA 893,250
1,000   0.000%, 7/15/28  –  AGC Insured   No Opt. Call AA 868,360
1,000   0.000%, 7/15/29  –  AGC Insured   No Opt. Call AA 843,600
    Saint Louis Municipal Library District, Missouri, Certificates of Participation, Refunding Series 2020:        
2,460   4.000%, 3/15/44  –  BAM Insured   3/30 at 100.00 AA 2,794,486
500   4.000%, 3/15/48  –  BAM Insured   3/30 at 100.00 AA 564,855
    Scenic Regional Library District, Missouri, Certificates of Participation, Series 2017:        
505   4.000%, 4/01/29   4/25 at 100.00 A 568,246
345   4.000%, 4/01/30   4/25 at 100.00 A 385,496
565   4.000%, 4/01/32   4/25 at 100.00 A 624,093
585   4.000%, 4/01/33   4/25 at 100.00 A 643,968
      39

Nuveen Missouri Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$2,145   Sedalia, Missouri, Certificates of Participation, Refunding & Improvement Series 2020, 4.000%, 9/15/39  –  BAM Insured   9/27 at 100.00 AA $2,404,502
2,600   Springfield, Missouri, Special Obligation Bonds, Refunding Series 2017A, 4.000%, 7/01/36   7/27 at 100.00 Aa2 2,899,728
1,630   Springfield, Missouri, Special Obligation Bonds, Refunding Series 2017B, 5.000%, 7/01/26 (AMT)   No Opt. Call Aa2 1,981,624
    Springfield, Missouri, Special Obligation Bonds, Sewer System Improvements Project, Series 2015:        
2,205   5.000%, 4/01/27   4/25 at 100.00 Aa2 2,619,077
4,300   4.000%, 4/01/35   4/25 at 100.00 Aa2 4,723,507
    The Industrial Development Authority of the City of Saint Louis, Missouri, Development Financing Revenue Bonds, Ballpark Village Development Project, Series 2017A:        
3,250   4.375%, 11/15/35   11/26 at 100.00 N/R 2,830,750
365   4.750%, 11/15/47   11/26 at 100.00 N/R 324,226
100   Town and Country Crossing Transportation Development District, Missouri, Transporation Sales Tax Revenue Bonds, Refunding Series 2020A, 3.375%, 4/01/37   4/28 at 100.00 N/R 91,737
1,285   Transportation Development District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2017, 4.500%, 6/01/36   6/26 at 100.00 BBB 1,390,267
    Wentzville School District R-04, Saint Charles County, Missouri, Certificates of Participation, Series 2015:        
1,700   3.375%, 4/01/29   4/24 at 100.00 Aa3 1,826,531
600   3.500%, 4/01/32   4/24 at 100.00 Aa3 639,702
119,462   Total Tax Obligation/Limited       124,434,542
    Transportation – 4.8%        
665   Guam International Airport Authority, Revenue Bonds, Series 2013B, 5.500%, 10/01/33  –  AGM Insured   10/23 at 100.00 AA 719,563
    Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019A:        
320   5.000%, 3/01/36 (AMT)   3/29 at 100.00 A 391,165
1,230   5.000%, 3/01/39 (AMT)   3/29 at 100.00 A 1,487,316
    Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019B:        
1,580   5.000%, 3/01/34 (AMT)   3/29 at 100.00 A 1,945,880
2,500   5.000%, 3/01/35 (AMT)   3/29 at 100.00 A 3,068,550
7,300   5.000%, 3/01/46 (AMT)   3/29 at 100.00 A 8,658,968
7,000   5.000%, 3/01/54 (AMT)   3/29 at 100.00 A 8,247,050
3,500   Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport, Refunding Series 2012, 5.000%, 7/01/32  –  FGIC Insured (AMT)   7/22 at 100.00 A 3,713,745
40      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
    Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport, Series 2017D:        
$1,420   5.000%, 7/01/34  –  AGM Insured (AMT)   7/27 at 100.00 AA $1,678,497
1,000   5.000%, 7/01/35  –  AGM Insured (AMT)   7/27 at 100.00 AA 1,178,230
1,000   5.000%, 7/01/36  –  AGM Insured (AMT)   7/27 at 100.00 AA 1,174,270
27,515   Total Transportation       32,263,234
    U.S. Guaranteed – 6.8% (5)        
    Belton School District 124, Cass County, Missouri, Certificates of Participation, Missouri School Boards Association, Series 2019:        
375   3.000%, 1/15/31 (Pre-refunded 1/15/24)  –  AGM Insured   1/24 at 100.00 AA 408,124
200   3.000%, 1/15/33 (Pre-refunded 1/15/24)  –  AGM Insured   1/24 at 100.00 AA 217,666
1,015   5.000%, 1/15/44 (Pre-refunded 1/15/24)  –  AGM Insured   1/24 at 100.00 AA 1,173,695
4,930   Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Mass Transit Sales Tax Appropriation Bonds, Refunding Combined Lien Series 2013A, 5.000%, 10/01/33 (Pre-refunded 10/01/22)   10/22 at 100.00 Aa2 5,421,077
800   Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman Health System, Series 2011, 5.500%, 2/15/31 (Pre-refunded 2/15/21)   2/21 at 100.00 A 819,032
4,665   Metropolitan St Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, Series 2012A, 5.000%, 5/01/42 (Pre-refunded 5/01/22)   5/22 at 100.00 AAA 5,038,387
2,000   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Saint Luke's Episcopal & Presbyterian Hospitals, Series 2011, 5.000%, 12/01/25 (Pre-refunded 12/01/21)   12/21 at 100.00 A+ 2,116,140
3,870   Missouri Health and Educational Facilities Authority, Revenue Bonds, AT Still University of Health Sciences, Series 2011, 5.250%, 10/01/41 (Pre-refunded 10/01/21)   10/21 at 100.00 A- 4,082,153
3,620   Missouri Health and Educational Facilities Authority, Revenue Bonds, AT Still University of Health Sciences, Series 2014, 5.000%, 10/01/39 (Pre-refunded 10/01/23)   10/23 at 100.00 A- 4,150,946
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Lester E Cox Medical Center, Series 1992H:        
1,800   0.000%, 9/01/21  –  NPFG Insured (ETM)   No Opt. Call N/R 1,789,632
2,385   0.000%, 9/01/22  –  NPFG Insured (ETM)   No Opt. Call N/R 2,356,165
6,600   Missouri Health and Educational Facilities Authority, Revenue Bonds, Washington University, Series 2011B, 5.000%, 11/15/37 (Pre-refunded 11/15/21)   11/21 at 100.00 AA+ 6,982,866
2,400   Missouri Health and Educational Facilities Authority, Revenue Bonds, Webster University, Series 2011, 5.000%, 4/01/36 (Pre-refunded 4/01/21)   4/21 at 100.00 Baa1 2,466,240
    Missouri Joint Municipal Electric Utility Commission, Power Supply System Revenue Bonds, MoPEP Facilities, Series 2012:        
2,200   5.000%, 1/01/32 (Pre-refunded 1/01/21)   1/21 at 100.00 A2 2,234,584
2,000   5.000%, 1/01/37 (Pre-refunded 1/01/21)   1/21 at 100.00 A2 2,031,440
850   Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village of Chesterfield, Series 2012, 5.000%, 9/01/42 (Pre-refunded 9/01/22)   9/22 at 100.00 N/R 928,778
2,500   Saint Louis Special Administrative Board of the Transitional School District, Missouri, General Obligation Bonds, St Louis Public Schools, Missouri Direct Deposit Program, Series 2011B, 4.000%, 4/01/25 (Pre-refunded 4/01/21)   4/21 at 100.00 AA+ 2,555,250
      41

Nuveen Missouri Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
$660   Springfield Public Building Corporation, Missouri, Lease Revenue Bonds, Jordan Valley Park Projects, Series 2000A, 6.125%, 6/01/21  –  AMBAC Insured (ETM)   12/20 at 100.00 N/R $689,080
42,870   Total U.S. Guaranteed       45,461,255
    Utilities – 6.5%        
425   Missouri Development Finance Board, Infrastructure Facilities Leasehold Revenue Bonds, City of Independence, Missouri, Annual Appropriation Electric System Revenue Bonds -- Dogwood Project, Series 2012A, 5.000%, 6/01/26   6/22 at 100.00 AA 457,517
3,000   Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Refunding Series 1998A, 2.900%, 9/01/33   7/27 at 102.00 A 3,278,220
1,000   Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33   7/27 at 102.00 A 1,092,940
1,845   Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998C, 2.750%, 9/01/33   6/27 at 102.00 A 2,003,596
    Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Iatan 2 Project, Refunding Series 2014A:        
3,300   5.000%, 1/01/31   1/24 at 100.00 A2 3,734,544
1,755   5.000%, 1/01/32   1/24 at 100.00 A2 1,981,465
2,500   5.000%, 1/01/33   1/24 at 100.00 A2 2,815,750
    Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Iatan 2 Project, Refunding Series 2015A:        
1,125   5.000%, 12/01/35   6/25 at 100.00 A2 1,310,861
650   5.000%, 12/01/37   6/25 at 100.00 A2 754,234
    Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Pairie State Power Project, Refunding Series 2016A:        
570   4.000%, 12/01/33  –  BAM Insured   6/26 at 100.00 AA 654,565
1,415   5.000%, 12/01/34   6/26 at 100.00 A2 1,671,030
245   4.000%, 12/01/35  –  BAM Insured   6/26 at 100.00 AA 280,182
    Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A:        
2,885   5.000%, 1/01/32   1/25 at 100.00 A 3,339,993
1,450   5.000%, 1/01/34   1/25 at 100.00 A 1,670,255
2,500   Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2015A, 4.000%, 1/01/35   1/26 at 100.00 A 2,747,850
1,500   Missouri Joint Municipal Electric Utility Commission, Power Supply System Revenue Bonds, MoPEP Facilities, Series 2017, 4.000%, 12/01/32   12/27 at 100.00 A2 1,729,935
    Missouri Joint Municipal Electric Utility Commission, Power Supply System Revenue Bonds, MoPEP Facilities, Series 2018:        
1,330   5.000%, 12/01/37   6/27 at 100.00 A2 1,586,358
1,140   5.000%, 12/01/38   6/27 at 100.00 A2 1,356,532
1,500   5.000%, 12/01/43   6/27 at 100.00 A2 1,766,310
42      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
    Springfield, Missouri, Public Utility Revenue Bonds, Refunding Series 2015:        
$2,845   3.250%, 8/01/27   8/25 at 100.00 AA+ $3,186,941
3,000   3.600%, 8/01/29   8/25 at 100.00 AA+ 3,376,110
2,000   4.000%, 8/01/31   8/25 at 100.00 AA+ 2,290,280
37,980   Total Utilities       43,085,468
    Water and Sewer – 9.4%        
    Camden County Public Water Supply District 4, Missouri, Certificates of Participation, Series 2017:        
670   3.500%, 1/01/32   1/25 at 100.00 A- 712,994
720   4.000%, 1/01/42   1/25 at 100.00 A- 767,477
1,430   5.000%, 1/01/47   1/25 at 100.00 A- 1,593,706
3,000   Carroll County Public Water Supply District 1, Missouri, Water System Revenue Bonds, Refunding Series 2014A, 4.000%, 3/01/35  –  BAM Insured   3/23 at 100.00 AA 3,164,400
1,670   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 1/01/46   7/26 at 100.00 A- 1,888,737
145   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2020A, 5.000%, 1/01/50   7/30 at 100.00 A- 176,503
    Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Improvement Series 2018A:        
500   4.000%, 1/01/35   1/28 at 100.00 AA 594,555
1,865   4.000%, 1/01/37   1/28 at 100.00 AA 2,209,018
1,000   4.000%, 1/01/38   1/28 at 100.00 AA 1,182,700
3,105   4.000%, 1/01/42   1/28 at 100.00 AA 3,644,835
5,000   Kansas City, Missouri, Sanitary Sewer System Revenue Bonds, Refunding & Improvement Series 2016A, 4.000%, 1/01/40   1/25 at 100.00 AA 5,542,300
    Kansas City, Missouri, Water Revenue Bonds, Series 2020A:        
430   5.000%, 12/01/29   No Opt. Call AA+ 586,572
1,225   4.000%, 12/01/44   12/30 at 100.00 AA+ 1,505,047
1,200   Lincoln County Public Water Supply District 1, Missouri, Certificates of Participation, Series 2016, 4.000%, 7/01/31   7/22 at 100.00 A+ 1,261,500
1,250   Lincoln County Public Water Supply District 1, Missouri, Certificates of Participation, Series 2019, 4.000%, 7/01/38   7/26 at 100.00 A+ 1,391,862
1,775   Metropolitan St Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, Refunding & Improvement Series 2016C, 5.000%, 5/01/46   5/26 at 100.00 AAA 2,133,266
    Metropolitan St Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, Refunding & Improvement Series 2017A:        
6,000   5.000%, 5/01/42   5/27 at 100.00 AAA 7,404,720
2,000   5.000%, 5/01/47   5/27 at 100.00 AAA 2,451,400
      43

Nuveen Missouri Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
    Metropolitan St Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, Series 2019B:        
$1,390   5.000%, 5/01/38   5/29 at 100.00 AAA $1,798,855
3,060   5.000%, 5/01/44   5/29 at 100.00 AAA 3,904,101
2,675   5.000%, 5/01/49   5/29 at 100.00 AAA 3,394,655
2,000   Missouri Environmental Improvement and Energy Resources Authority, Water Facility Revenue Bonds, Tri-County Water Authority, Series 2015, 5.000%, 1/01/40   1/25 at 100.00 Aa3 2,304,280
140   Missouri Environmental Improvement and Energy Resources Authority, Water Pollution Control and Drinking Water Revenue Bonds, State Revolving Fund Program, Series 2001C, 5.000%, 7/01/23   10/20 at 100.00 Aaa 140,546
45   Missouri Environmental Improvement and Energy Resources Authority, Water Pollution Control and Drinking Water Revenue Bonds, State Revolving Fund Program, Series 2005C, 4.750%, 7/01/23   10/20 at 100.00 Aaa 45,158
85   Missouri Environmental Improvement and Energy Resources Authority, Water Pollution Control and Drinking Water Revenue Bonds, State Revolving Fund Program, Series 2008A, 5.750%, 1/01/29   10/20 at 100.00 Aaa 85,379
2,070   North Central Missouri Regional Water Commission, Waterworks System Revenue Bonds, Series 2006, 5.000%, 1/01/37   10/20 at 100.00 N/R 2,072,919
    Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Missouri Project Series 2019:        
250   4.000%, 12/01/39   12/25 at 100.00 AA+ 276,542
2,295   4.000%, 12/01/41   12/25 at 100.00 AA+ 2,529,136
    Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Refudning Series 2016C:        
285   4.000%, 12/01/31   12/25 at 100.00 AA+ 326,410
1,465   5.000%, 12/01/32   12/25 at 100.00 AA+ 1,756,403
1,500   Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Series 2015, 4.125%, 12/01/38   12/21 at 100.00 AA+ 1,548,855
4,240   Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Series 2018, 4.000%, 12/01/39   12/25 at 100.00 AA+ 4,690,161
54,485   Total Water and Sewer       63,084,992
$593,552   Total Long-Term Investments (cost $615,853,154)       656,573,790
    Other Assets Less Liabilities – 1.7%       11,083,581
    Net Assets – 100%       $667,657,371
44      

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $656,573,790 $ — $656,573,790
    
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(5) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
ETM Escrowed to maturity  
WI/DD Purchased on a when-issued or delayed delivery basis.  
      45

Nuveen Ohio Municipal Bond Fund
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 100.3%        
    MUNICIPAL BONDS – 99.3%        
    Consumer Discretionary  – 0.6%        
    Franklin County Convention Facilities Authority, Ohio, Hotel Project Revenue Bonds, Greater Columbus Convention Center Hotel Expansion Project, Series 2019:        
$1,350   5.000%, 12/01/44   12/29 at 100.00 BBB- $1,297,607
3,110   5.000%, 12/01/51   12/29 at 100.00 BBB- 2,989,705
4,460   Total Consumer Discretionary       4,287,312
    Consumer Staples  – 2.9%        
20,690   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 N/R 3,006,671
1,460   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 4.000%, 6/01/48   6/30 at 100.00 BBB+ 1,615,067
14,470   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 N/R 15,917,000
36,620   Total Consumer Staples       20,538,738
    Education and Civic Organizations – 9.0%        
2,065   Bowling Green State University, Ohio, General Receipts Bonds, Series 2016A, 5.000%, 6/01/34   12/25 at 100.00 A+ 2,410,227
    Hamilton County, Ohio, Economic Development Revenue Bonds, King Highland Community Urban Redevelopment Corporation - University of Cincinnati, Lessee Project, Refunding Series 2015:        
1,320   5.000%, 6/01/32  –  BAM Insured   6/25 at 100.00 AA 1,566,655
2,680   5.000%, 6/01/35  –  BAM Insured   6/25 at 100.00 AA 3,164,383
    Lake County Community College District, Ohio, General Receipts Revenue Bonds, Lakeland Community College, Refunding Series 2019:        
2,770   5.000%, 10/01/32   10/29 at 100.00 Aa2 3,612,717
2,055   4.000%, 10/01/34   10/29 at 100.00 Aa2 2,475,391
1,925   Miami University of Ohio, General Receipts Bonds, Refunding Series 2011, 5.000%, 9/01/36   9/21 at 100.00 AA 2,010,066
2,465   Miami University of Ohio, General Receipts Bonds, Refunding Series 2014, 5.000%, 9/01/30   9/24 at 100.00 AA 2,892,258
    Miami University of Ohio, General Receipts Bonds, Refunding Series 2017:        
880   5.000%, 9/01/35   9/26 at 100.00 AA 1,062,354
2,915   5.000%, 9/01/41   9/26 at 100.00 AA 3,480,189
46      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$2,875   Miami University of Ohio, General Receipts Bonds, Refunding Series 2020A, 4.000%, 9/01/45   9/30 at 100.00 AA $3,359,668
180   Ohio Higher Education Facilities Commission, Revenue Bonds, Case Western Reserve University, Series 1990B, 6.500%, 10/01/20   No Opt. Call AA- 180,841
    Ohio Higher Education Facilities Commission, Revenue Bonds, Denison University Project, Series 2017A:        
2,100   5.000%, 11/01/42   5/27 at 100.00 AA 2,526,846
1,500   5.250%, 11/01/46   5/27 at 100.00 AA 1,818,255
    Ohio Higher Educational Facilities Commission, Revenue Bonds, Denison University Project, Series 2012:        
1,140   5.000%, 11/01/27   5/22 at 100.00 AA 1,220,393
1,000   5.000%, 11/01/30   5/22 at 100.00 AA 1,067,580
1,250   Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton, Tender Option Bond Trust 2016-XG0069, 17.098%, 12/01/43, 144A (IF) (4)   12/22 at 100.00 AA- 1,571,300
2,500   Ohio Higher Educational Facility Commission, Revenue Bonds, Kenyon College, Series 2015, 5.000%, 7/01/41   7/25 at 100.00 A 2,824,000
1,505   Ohio Higher Educational Facility Commission, Revenue Bonds, Kenyon College, Series 2017, 5.000%, 7/01/42   7/27 at 100.00 A 1,771,505
2,000   Ohio State University, General Receipts Bonds, Multiyear Debt Issuance Program, Series 2020A, 5.000%, 12/01/29   No Opt. Call Aa1 2,745,280
    Ohio State University, General Receipts Bonds, Series 2014A:        
4,820   5.000%, 12/01/34   12/24 at 100.00 Aa1 5,687,070
5,000   5.000%, 12/01/39   12/24 at 100.00 Aa1 5,853,650
    Shawnee State University, Ohio, General Receipts Bonds, Series 2016:        
1,120   5.000%, 6/01/28  –  BAM Insured   6/26 at 100.00 AA 1,378,642
1,180   5.000%, 6/01/29  –  BAM Insured   6/26 at 100.00 AA 1,448,780
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 N/R 1,046,950
3,000   University of Cincinnati, Ohio, General Receipts Bonds, Series 2016C, 5.000%, 6/01/46   6/26 at 100.00 AA- 3,505,020
2,000   Wright State University, Ohio, General Reciepts Bonds, Series 2011A, 5.000%, 5/01/31  –  BAM Insured   5/21 at 100.00 AA 2,035,200
53,245   Total Education and Civic Organizations       62,715,220
    Health Care – 9.4%        
2,500   Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Series 2017A, 5.000%, 8/01/42   2/28 at 100.00 AA- 2,992,175
850   Butler County, Ohio, Hospital Faciliteis Revenue Bonds, Kettering Health Network Obligated Group Project, Series 2011, 5.625%, 4/01/41   4/21 at 100.00 A+ 868,989
    Chillicothe, Ohio, Hospital Facilities Revenue Bonds, Adena Health System Obligated Group Project, Refunding & Improvement Series 2017:        
2,600   5.000%, 12/01/37   12/27 at 100.00 A- 3,087,422
1,110   5.000%, 12/01/47   12/27 at 100.00 A- 1,294,282
      47

Nuveen Ohio Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$5,000   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 AA $5,736,350
    Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center Project, Series 2013:        
1,600   5.000%, 6/15/43   6/23 at 100.00 Ba2 1,665,536
495   5.250%, 6/15/43   6/23 at 100.00 Ba2 518,532
2,255   Franklin County, Ohio, Revenue Bonds, Trinity Health Credit Group, Series 2017A, 5.000%, 12/01/47   12/27 at 100.00 AA- 2,703,790
1,000   Franklin County, Ohio, Revenue Bonds, Trinity Health Credit Group, Series 2017OH, 4.000%, 12/01/46   6/27 at 100.00 AA- 1,110,170
    Hamilton County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children's Hospital Medical Center, Series 2019CC:        
600   5.000%, 11/15/41   No Opt. Call AA 903,960
3,000   5.000%, 11/15/49   No Opt. Call AA 4,791,450
120   Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc, Refunding Series 2008C, 5.625%, 8/15/29   10/20 at 100.00 A- 120,413
2,230   Miami County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Network Obligated Group Project, Refunding Improvement Series 2019, 5.000%, 8/01/39   8/28 at 100.00 A+ 2,718,482
930   Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health Center Project, Refunding Series 2011, 5.250%, 8/01/41   8/21 at 100.00 A2 969,609
    Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated Group Project, Series 2013:        
2,000   5.000%, 2/15/44   2/23 at 100.00 BB+ 2,074,940
3,000   5.000%, 2/15/48   2/23 at 100.00 BB+ 3,102,390
2,480   Ohio Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health System Project, Series 2010, 5.250%, 11/15/40  –  AGM Insured   10/20 at 100.00 AA 2,486,349
    Ohio State, Hospital Revenue Bonds, Cleveland Clinic Health System Obligated Group, Refunding Series 2017A:        
1,155   5.000%, 1/01/30   1/28 at 100.00 AA 1,470,765
2,755   5.000%, 1/01/33   1/28 at 100.00 AA 3,446,891
    Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2013A:        
1,475   5.000%, 1/15/28   1/23 at 100.00 A 1,604,446
4,390   5.000%, 1/15/29   1/23 at 100.00 A 4,764,994
    Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2020A:        
2,725   5.000%, 1/15/50   1/30 at 100.00 A 3,325,372
2,280   4.000%, 1/15/50   1/30 at 100.00 A 2,561,147
1,630   Scioto County, Ohio, Hospital Facilities Revenue Bonds, Southern Ohio Medical Center, Refunding Series 2016, 5.000%, 2/15/32   2/26 at 100.00 A3 1,866,953
48      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Wood County, Ohio, Hospital Facilities Refunding and Improvement Revenue Bonds, Wood County Hospital Project, Series 2012:        
$3,825   5.000%, 12/01/37   12/22 at 100.00 Ba3 $3,893,161
5,610   5.000%, 12/01/42   12/22 at 100.00 Ba3 5,675,300
57,615   Total Health Care       65,753,868
    Housing/Multifamily – 0.8%        
680   Clark County, Ohio, Multifamily Housing Revenue Bonds, Church of God Retirement Home, Series 1998, 6.250%, 11/01/30 (AMT)   10/20 at 100.00 N/R 645,633
2,095   Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments Project, Series 2007, 5.250%, 9/20/47 (AMT)   10/20 at 100.00 Aa1 2,099,567
2,875   Trumbull County, Ohio, Multifamily Housing Revenue Bonds, Royal Mall Apartments, Series 2007, 5.000%, 5/20/49 (AMT)   10/20 at 100.00 Aa1 2,880,836
5,650   Total Housing/Multifamily       5,626,036
    Industrials – 0.6%        
    Ohio State, Economic Development Revenue Bonds, Ohio Enterprise Bond Fund, Shearer's Foods Inc Project, Series 2009-5:        
1,180   5.000%, 6/01/22   10/20 at 100.00 AA+ 1,184,566
1,645   5.000%, 12/01/24   10/20 at 100.00 AA+ 1,651,317
1,600   Toledo-Lucas County Port Authority, Ohio, Revenue Refunding Bonds, CSX Transportation Inc, Series 1992, 6.450%, 12/15/21   No Opt. Call A3 1,712,624
4,425   Total Industrials       4,548,507
    Tax Obligation/General – 18.3%        
3,150   Apollo Career Center Joint Vocational School District, Allen, Auglaize, Hardin, Hancock, Putnam & Van Wert Counties, Ohio, General Obligation Bonds, Various Purpose School Improvement Series 2017, 5.000%, 12/01/41   12/27 at 100.00 Aa2 3,849,899
1,180   Canal Winchester Local School District, Franklin and Fairfield Counties, Ohio, General Obligation Bonds, Series 2005B, 0.000%, 12/01/33  –  NPFG Insured   No Opt. Call Aa3 896,930
380   Cincinnati City School District, Hamilton County, Ohio, General Obligation Bonds, Refunding Classroom Facilities Construction & Improvement Series 2006, 5.250%, 12/01/27  –  FGIC Insured   No Opt. Call Aa2 502,375
1,000   Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Refunding Series 2006, 0.000%, 12/01/28  –  AGM Insured   No Opt. Call AA 904,160
3,110   Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Refunding Various Purpose Series 2016B, 5.000%, 12/01/33   6/26 at 100.00 AA 3,804,712
5,530   Columbus, Ohio, General Obligation Bonds, Refunding Various Purpose Series 2017-1, 5.000%, 4/01/29   10/27 at 100.00 AAA 7,150,843
5,000   Columbus, Ohio, General Obligation Bonds, Series 2015A, 5.000%, 7/01/25   No Opt. Call AAA 6,118,100
5,000   Columbus, Ohio, General Obligation Bonds, Various Purpose Series 2018A, 5.000%, 4/01/29   10/28 at 100.00 AAA 6,666,350
3,000   Columbus, Ohio, General Obligation Bonds, Various Purpose Series 2019A, 5.000%, 4/01/40   4/29 at 100.00 AAA 3,862,440
      49

Nuveen Ohio Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$5,000   Dublin City School District, Franklin, Delaware and Union Counties, Ohio, General Obligation Bonds, School Facilities Construction & Improvement Series 2019A, 4.000%, 12/01/44   12/28 at 100.00 AAA $5,908,700
    Dublin, Ohio, General Obligation Bonds, Limited Tax Various Purpose Series 2015:        
1,000   5.000%, 12/01/23   No Opt. Call Aaa 1,150,300
450   5.000%, 12/01/24   No Opt. Call Aaa 537,422
6,000   Franklin County, Ohio, General Obligation Bonds, Refunding Series 2014, 5.000%, 6/01/24   12/23 at 100.00 AAA 6,920,820
4,225   Franklin County, Ohio, General Obligation Bonds, Refunding Series 2015, 5.000%, 12/01/31   12/25 at 100.00 AAA 5,179,934
2,000   Gahanna-Jefferson City School District, Franklin County, Ohio, General Obligation Bonds, Construction & Improvement Series 2018, 5.000%, 12/01/48   6/28 at 100.00 Aa2 2,461,580
1,000   Gallia County Local School District, Gallia and Jackson Counties, Ohio, General Obligation Bonds, Refunding School Improvement Series 2014, 5.000%, 11/01/32   11/24 at 100.00 Aa2 1,166,840
    Graham Local School District, Champaign and Shelby Counties, Ohio, General Obligation Bonds, School Improvement Series 2013:        
500   0.000%, 12/01/29   No Opt. Call Aa2 437,095
850   0.000%, 12/01/30   No Opt. Call Aa2 723,010
    Grandview Heights City School District, Franklin County, Ohio, General Obligation Bonds, School Facilities Construction & Improvement Series 2019:        
1,980   4.000%, 12/01/51   6/29 at 100.00 AA+ 2,273,555
1,150   5.000%, 12/01/53   6/29 at 100.00 AA+ 1,435,729
2,595   Hilliard City School District, Franklin County, Ohio, General Obligation Bonds, School Improvement Series 2017, 4.000%, 12/01/46   12/26 at 100.00 AA+ 2,911,019
1,095   Kenston Local School District, Geauga County, Ohio, General Obligation Bonds, School improvement Series 2012, 0.000%, 12/01/27   No Opt. Call Aa1 1,010,083
1,560   Kettering City School District, Montgomery County, Ohio, General Obligation Bonds, Refunding Series 2007, 5.250%, 12/01/31  –  AGM Insured   No Opt. Call AA 2,043,194
55   Lake County, Ohio, Limited Tax Sewer District Improvement Bonds, Series 2000, 5.600%, 12/01/20   No Opt. Call Aa1 55,743
1,000   Little Miami Local School District, Warren and Clermont Counties, Ohio, General Obligation Bonds, School Improvement Series 2018A, 5.000%, 11/01/43   11/25 at 100.00 AA 1,189,990
1,000   Mason City School District, Warren and Butler Counties, Ohio, General Obligation Bonds, Refunding Series 2013A, 0.000%, 12/01/22   No Opt. Call Aa1 992,390
1,000   Maumee City School District, Lucas County, Ohio, General Obligation Bonds, Capital Apprication Refunding Series 2012, 0.000%, 12/01/23   No Opt. Call AA- 984,500
1,000   Middletown City School District, Butler County, Ohio, General Obligation Bonds, Refunding Series 2007, 5.250%, 12/01/28  –  AGM Insured   No Opt. Call A2 1,327,670
1,265   Monroe Local School District, Butler County, Ohio, General Obligation Bonds, Series 2002, 5.750%, 12/01/20  –  AMBAC Insured   No Opt. Call Aa3 1,282,141
1,585   New Albany, Ohio, General Obligation Bonds, Series 2012, 5.000%, 12/01/29   6/22 at 100.00 Aaa 1,712,133
925   Oakwood City School District, Montgomery County, Ohio, General Obligation Bonds, Series 2012, 0.000%, 12/01/21   No Opt. Call Aa2 921,050
50      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Ohio State, General Obligation Bonds, Common Schools Series 2017B:        
$4,500   5.000%, 9/15/27   No Opt. Call AA+ $5,874,615
5,000   5.000%, 9/01/30   No Opt. Call AA+ 6,929,500
2,000   Ohio State, General Obligation Bonds, Highway Capital Improvement, Series 2014R, 5.000%, 5/01/29   5/24 at 100.00 AAA 2,331,560
    Ohio State, General Obligation Bonds, Highway Capital Improvement, Series 2018V:        
2,500   5.000%, 5/01/33   5/28 at 100.00 AAA 3,223,450
1,250   5.000%, 5/01/34   5/28 at 100.00 AAA 1,606,663
    Ohio State, General Obligation Bonds, Infrastructure Improvement Refunding Series 2020B:        
350   5.000%, 8/01/32   8/28 at 100.00 AA+ 453,996
270   5.000%, 8/01/36   8/28 at 100.00 AA+ 344,914
    Ohio State, General Obligation Bonds, Refunding Highway Capital Improvement, Series 2020W:        
1,400   5.000%, 5/01/33   5/30 at 100.00 AAA 1,904,042
800   5.000%, 5/01/34   5/30 at 100.00 AAA 1,083,848
1,190   5.000%, 5/01/35   5/30 at 100.00 AAA 1,605,619
    Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obigation Bonds, School Facilities Construction & Improvement Series 2016:        
1,000   5.000%, 12/01/38   6/26 at 100.00 AAA 1,216,520
1,875   5.000%, 12/01/41   6/26 at 100.00 AAA 2,269,331
50   Princeton City School District, Hamilton County, Ohio, Certificates of Participation, Series 2013, 5.000%, 12/01/33   12/22 at 100.00 AA- 54,726
2,380   Southwest Local School District, Hamilton and Butler Counties, Ohio, General Obligation Bonds, School Improvement Series 2018A, 4.000%, 1/15/55   1/28 at 100.00 Aa2 2,641,871
4,000   South-Western City School District, Franklin and Pickaway Counties, Ohio, General Obligation Bonds, School Facilities Construction & Improvement Series 2019A, 4.000%, 12/01/48   12/29 at 100.00 AA 4,692,440
3,435   Summit County, Ohio, General Obligation Bonds, Refunding, Various Purpose Series 2002R, 5.500%, 12/01/21  –  FGIC Insured   No Opt. Call AA+ 3,664,355
6,000   Sycamore Community School District, Hamilton County, Ohio, General Obligation Bonds, School Improvement Series 2020, 4.000%, 12/01/45   6/29 at 100.00 AAA 7,008,480
1,000   Upper Arlington City School District, Franklin County, Ohio, General Obligation Bonds, School Facilities & Improvement Series 2018A, 5.000%, 12/01/48   12/27 at 100.00 AAA 1,228,280
    Westerville City School District, Franklin and Delaware Counties, Ohio, General Obligation Bonds, School Facilities Construction & Improvement Series 2020:        
1,000   3.000%, 12/01/43   6/29 at 100.00 Aa1 1,079,220
2,165   3.000%, 12/01/44   6/29 at 100.00 Aa1 2,304,707
106,750   Total Tax Obligation/General       127,898,844
      51

Nuveen Ohio Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited – 23.0%        
    Blue Ash, Ohio, Tax Increment Financing Revenue Bonds, Duke Realty Ohio, Series 2006:        
$250   5.000%, 12/01/21   10/20 at 100.00 N/R $251,560
950   5.000%, 12/01/25   10/20 at 100.00 N/R 954,760
1,165   5.000%, 12/01/30   10/20 at 100.00 N/R 1,169,415
1,890   5.000%, 12/01/35   10/20 at 100.00 N/R 1,895,519
    Cleveland Public Library, Cuyahoga County, Ohio, Library Facilities Notes, Series 2019A:        
5,500   4.000%, 12/01/45   12/29 at 100.00 Aa2 6,447,320
4,000   4.000%, 12/01/49   12/29 at 100.00 Aa2 4,649,080
    Cleveland, Ohio, Income Tax Revenue Bonds, Bridges & Roadways Improvements, Subordinate Lien Series 2017B-2:        
1,250   5.000%, 10/01/31   4/28 at 100.00 AA 1,575,325
1,000   5.000%, 10/01/32   4/28 at 100.00 AA 1,248,480
1,000   Columbus Metropolitan Library, Franklin County, Ohio, Special Obligation Library Fund Facilities Notes, Refunding Series 2020, 4.000%, 12/01/30 (WI/DD, Settling 9/03/20)   No Opt. Call Aa2 1,269,660
1,335   Columbus-Franklin County Finance Authority, Ohio, Tax Increment Financing Revenue Bonds, Easton Project, Series 2020, 5.000%, 6/01/28, 144A   No Opt. Call N/R 1,376,906
    Cuyahoga County, Ohio, Economic Development Revenue Bonds, Medical Mart-Convention Center Project, Recovery Zone Facility Series 2010F:        
2,710   5.250%, 12/01/25   12/20 at 100.00 AA 2,740,921
3,250   5.000%, 12/01/27   12/20 at 100.00 AA 3,283,767
9,530   Cuyahoga County, Ohio, Economic Development Revenue Bonds, Refunding Series 2020D, 5.000%, 12/01/26 (WI/DD, Settling 9/15/20)   No Opt. Call AA 12,092,045
    Cuyahoga County, Ohio, Sales Tax Revenue Bonds, Refunding Various Purpose Series 2014:        
1,000   5.000%, 12/01/28   12/24 at 100.00 AAA 1,179,890
1,810   5.000%, 12/01/32   12/24 at 100.00 AAA 2,123,148
1,585   5.000%, 12/01/33   12/24 at 100.00 AAA 1,855,607
1,385   5.000%, 12/01/34   12/24 at 100.00 AAA 1,620,824
1,055   5.000%, 12/01/35   12/24 at 100.00 AAA 1,234,160
2,940   Dublin, Ohio, Special Obligation Non-Tax Revenue Bonds, Series 2015A, 5.000%, 12/01/38   12/25 at 100.00 Aa1 3,532,028
10,345   Franklin County Convention Facilities Authority, Ohio, Excise Tax and Lease Revenue Bonds, Columbus City & Franklin County Lessees, Refunding Anticipation Series 2014, 5.000%, 12/01/35   12/24 at 100.00 Aa1 11,764,644
3,560   Franklin County Convention Facilities Authority, Ohio, Lease Appropriation Bonds, Greater Columbus Convention Center Hotel Expansion Project, Series 2019, 5.000%, 12/01/46   12/29 at 100.00 AA 4,283,570
    Franklin County, Ohio, Sales Tax Revenue Bonds, Various Purpose Series 2018:        
1,000   5.000%, 6/01/37   6/28 at 100.00 AAA 1,270,400
16,500   5.000%, 6/01/43   6/28 at 100.00 AAA 20,650,410
5,695   5.000%, 6/01/48   6/28 at 100.00 AAA 7,087,541
52      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$1,675   Greater Cleveland Regional Transit Authority, Ohio, Sales Tax Supported Capital Improvement Bonds, Refunding Series 2014A, 5.000%, 12/01/25   No Opt. Call AA+ $2,057,469
    Greater Cleveland Regional Transit Authority, Ohio, Sales Tax Supported Capital Improvement Bonds, Refunding Series 2015:        
1,050   5.000%, 12/01/32   12/25 at 100.00 AA+ 1,268,600
1,105   5.000%, 12/01/33   12/25 at 100.00 AA+ 1,331,271
2,180   Hamilton County, Ohio, Sales Tax Bonds, Refunding Series 2016A, 5.000%, 12/01/30   12/26 at 100.00 AA- 2,657,180
    Hamilton County, Ohio, Sales Tax Bonds, Subordinate Series 2000B:        
500   0.000%, 12/01/26  –  AMBAC Insured   No Opt. Call A1 454,420
3,300   0.000%, 12/01/28  –  AMBAC Insured   No Opt. Call A1 2,840,739
1,750   0.000%, 12/01/28  –  AGM Insured   No Opt. Call AA 1,531,285
    Hamilton County, Ohio, Sales Tax Revenue Bonds, Refunding Series 2011A:        
1,235   5.000%, 12/01/25   12/21 at 100.00 A1 1,300,134
5,375   5.000%, 12/01/31   12/21 at 100.00 A1 5,619,240
    Mayfield City School District, Ohio, Certificates of Participation, Middle School Project, Series 2009B:        
435   0.000%, 9/01/27   No Opt. Call Aa2 404,232
855   0.000%, 9/01/28   No Opt. Call Aa2 776,691
1,100   New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds, Series 2012C, 5.000%, 10/01/23   10/22 at 100.00 Aa3 1,205,105
1,080   Norwood, Hamilton County, Ohio, Special Obligation Development Revenue Bonds, Central Parke Project, Series 2017, 6.000%, 12/01/46   6/27 at 100.00 N/R 1,083,445
    Ohio State, Capital Facilities Lease Appropriation Bonds, Juvenile Correctional Building Fund Projects, Series 2019A:        
2,465   5.000%, 4/01/38   4/29 at 100.00 AA 3,134,026
2,485   5.000%, 4/01/39   4/29 at 100.00 AA 3,150,458
1,250   Ohio State, Capital Facilities Lease-Appropriation Bonds, Adult Correctional Building Fund Projects, Series 2017A, 5.000%, 10/01/36   10/27 at 100.00 AA 1,548,762
2,245   Ohio State, Capital Facilities Lease-Appropriation Bonds, Adult Correctional Building Fund Projects, Series 2019B, 5.000%, 10/01/31   No Opt. Call AA 3,135,255
1,200   Ohio State, Capital Facilities Lease-Appropriation Bonds, Parks & Recreation Improvement Fund Projects, Series 2017A, 5.000%, 12/01/31   12/27 at 100.00 AA 1,526,172
1,080   Ohio State, Capital Facilities Lease-Appropriation Bonds, Parks & Recreation Improvement Fund Projects, Series 2020A, 5.000%, 12/01/31   No Opt. Call AA 1,512,065
1,250   Ohio State, Major New State Infrastructure Project Revenue Bonds, Series 2019-1, 5.000%, 12/15/31   No Opt. Call AA 1,751,075
1,360   Ohio State, Transportation Project Revenue Bonds, Toledo-Lucas County Port Authority Seaport and Docks Project, State Transportation Infrastructure GRF Bond Fund, Series 2019-2, 5.000%, 11/15/39 (AMT)   5/27 at 100.00 AA+ 1,638,746
2,095   Pickaway County, Ohio, Sales Tax Specia Obligation Bonds, Series 2018, 5.000%, 12/01/44   12/28 at 100.00 AA 2,569,664
2,000   Pinnacle Community Infrastructure Financing Authority, Grove City, Ohio, Community Facilities Bonds, Series 2015A, 4.000%, 12/01/31  –  AGM Insured   12/25 at 100.00 AA 2,249,300
      53

Nuveen Ohio Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$500   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 N/R $516,345
1,000   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 N/R 899,030
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
8,320   4.500%, 7/01/34   7/25 at 100.00 N/R 8,805,722
1,257   4.550%, 7/01/40   7/28 at 100.00 N/R 1,338,680
500   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 N/R 532,490
325   Riversouth Authority, Ohio, Lazarus Building Redevelopment Bonds, Series 2007A, 5.750%, 12/01/27   10/20 at 100.00 N/R 325,419
    Riversouth Authority, Ohio, Riversouth Area Redevelopment Bonds, Payable from City of Columbus, Ohio Annual Rental Appropriations, Refunding Series 2012A:        
1,400   5.000%, 12/01/23   12/22 at 100.00 AA+ 1,546,916
800   5.000%, 12/01/24   12/22 at 100.00 AA+ 882,432
    Riversouth Authority, Ohio, Scioto Peninsula Area Redevelopment Bonds, Payable from City of Columbus, Ohio Annual Rental Appropriations, Series 2016:        
1,000   5.000%, 12/01/28   12/25 at 100.00 AA+ 1,221,390
1,000   5.000%, 12/01/29   12/25 at 100.00 AA+ 1,217,350
2,955   Shaker Heights Public Library, Ohio, Certificates of Participation, Series 2019, 4.000%, 12/01/44   12/24 at 100.00 Aa2 3,202,570
138,832   Total Tax Obligation/Limited       160,790,658
    Transportation – 5.0%        
    Ohio State, Private Activity Bonds, Portsmouth Gateway Group, LLC - Borrower, Portsmouth Bypass Project, Series 2015:        
3,500   5.000%, 12/31/35  –  AGM Insured (AMT)   6/25 at 100.00 AA 4,022,620
5,245   5.000%, 12/31/39  –  AGM Insured (AMT)   6/25 at 100.00 AA 5,983,758
7,725   5.000%, 6/30/53 (AMT)   6/25 at 100.00 A3 8,627,821
11,000   Ohio Turnpike Commission, Revenue Refunding Bonds, Series 1998A, 5.500%, 2/15/24  –  FGIC Insured   No Opt. Call Aa2 12,417,900
2,450   Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series 2013A-1, 5.250%, 2/15/39   2/23 at 100.00 Aa3 2,669,373
1,000   Ohio Turnpike Commission, Turnpike Revenue Bonds, Refunding Series 2017A, 5.000%, 2/15/30   2/27 at 100.00 Aa2 1,257,320
30,920   Total Transportation       34,978,792
54      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed – 14.8% (5)        
    Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010:        
$750   5.500%, 11/01/22 (Pre-refunded 11/01/20)   11/20 at 100.00 A $756,548
1,380   5.500%, 11/01/40 (Pre-refunded 11/01/20)   11/20 at 100.00 N/R 1,392,047
2,760   5.500%, 11/01/40 (Pre-refunded 11/01/20)   11/20 at 100.00 A 2,784,095
2,155   Cincinnati, Ohio, General Obligation Bonds,Various Purpose, Refunding & Improvement Series 2015A, 5.250%, 12/01/33 (Pre-refunded 6/01/25)   6/25 at 100.00 AA 2,662,007
4,310   Cincinnati, Ohio, Water System Revenue Bonds, Series 2016A, 5.000%, 12/01/41 (Pre-refunded 12/01/26)   12/26 at 100.00 AAA 5,562,745
    Cleveland, Ohio, Airport System Revenue Bonds, Series 2012A:        
7,000   5.000%, 1/01/29 (Pre-refunded 1/01/22)   1/22 at 100.00 A 7,448,140
1,000   5.000%, 1/01/30 (Pre-refunded 1/01/22)   1/22 at 100.00 A 1,064,020
3,450   5.000%, 1/01/31 (Pre-refunded 1/01/22)  –  AGM Insured   1/22 at 100.00 AA 3,670,869
    Cleveland, Ohio, Income Tax Revenue Bonds, Bridges & Roadways Improvements, Subordinate Lien Series 2013A-2:        
990   5.000%, 10/01/27 (Pre-refunded 10/01/23)   10/23 at 100.00 AA 1,135,203
1,150   5.000%, 10/01/30 (Pre-refunded 10/01/23)   10/23 at 100.00 AA 1,318,670
1,205   5.000%, 10/01/31 (Pre-refunded 10/01/23)   10/23 at 100.00 AA 1,381,737
    Cleveland, Ohio, Income Tax Revenue Bonds, Bridges & Roadways Improvements, Subordinate Lien Series 2015A-2:        
755   5.000%, 10/01/37 (Pre-refunded 10/01/23)   10/23 at 100.00 N/R 860,723
2,245   5.000%, 10/01/37 (Pre-refunded 10/01/23)   10/23 at 100.00 AA+ 2,566,798
    Cleveland, Ohio, Water Revenue Bonds, Refunding Second Lien Series 2012A:        
1,500   5.000%, 1/01/24 (Pre-refunded 1/01/22)   1/22 at 100.00 AA 1,596,030
775   5.000%, 1/01/26 (Pre-refunded 1/01/22)   1/22 at 100.00 AA 824,616
1,000   5.000%, 1/01/27 (Pre-refunded 1/01/22)   1/22 at 100.00 AA 1,064,020
1,940   Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series 1993G, 5.500%, 1/01/21  –  NPFG Insured (ETM)   No Opt. Call Aa2 1,974,028
    Columbiana Exempted Village School District, Columbiana County, Ohio, Certificates of Participation, Series 2010:        
1,400   5.000%, 12/01/26 (Pre-refunded 12/01/20)  –  AGM Insured   12/20 at 100.00 AA 1,416,674
1,645   5.000%, 12/01/28 (Pre-refunded 12/01/20)  –  AGM Insured   12/20 at 100.00 AA 1,664,592
10,300   Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Series 2011A, 5.000%, 11/15/41 (Pre-refunded 11/15/21)   11/21 at 100.00 AA+ 10,891,014
1,000   Greenville City School District, Drake County, Ohio, General Obligation Bonds, School Improvement Series 2013, 5.250%, 1/01/38 (Pre-refunded 1/01/22)   1/22 at 100.00 AA 1,066,650
470   Hancock County, Ohio, Hospital Revenue Bonds, Blanchard Valley Regional Health Center, Series 2011A, 6.250%, 12/01/34 (Pre-refunded 6/01/21)   6/21 at 100.00 A+ 490,962
11,700   JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien Series 2013A, 5.000%, 1/01/38 (Pre-refunded 1/01/23)   1/23 at 100.00 AA+ 13,005,135
3,240   Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21)   11/21 at 100.00 BBB 3,463,981
      55

Nuveen Ohio Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
$275   Napoleon City School District, Henry County, Ohio, General Obligation Bonds, Facilities Construction & Improvement Series 2012, 5.000%, 12/01/36 (Pre-refunded 6/01/22)   6/22 at 100.00 Aa3 $298,111
8,500   Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Series 2013, 5.000%, 11/15/38 (Pre-refunded 5/15/23)   5/23 at 100.00 AA+ 9,586,895
1,630   Northwest Local School District, Hamilton and Butler Counties, Ohio, General Obligation Bonds, School Improvement Series 2015, 5.000%, 12/01/40 (Pre-refunded 12/01/23)   12/23 at 100.00 Aa2 1,879,097
9,000   Ohio Turnpike Commission, Turnpike Revenue Bonds, Infrastructure Project, Junior Lien Series 2013A-1, 5.000%, 2/15/48 (Pre-refunded 2/15/23)   2/23 at 100.00 Aa3 10,044,720
1,000   Ohio University at Athens, General Receipts Bonds, Series 2013, 5.000%, 12/01/39 (Pre-refunded 12/01/22)   12/22 at 100.00 Aa3 1,106,370
    Princeton City School District, Hamilton County, Ohio, Certificates of Participation, Series 2013:        
560   5.000%, 12/01/33 (Pre-refunded 12/01/22)   12/22 at 100.00 N/R 618,234
1,305   5.000%, 12/01/42 (Pre-refunded 12/01/22)   12/22 at 100.00 AA- 1,445,379
1,710   South Euclid, Ohio, General Obligation Bonds, Real Estate Acquisition and Urban Redevelopment, Series 2012, 5.000%, 6/01/32 (Pre-refunded 6/01/22)   6/22 at 100.00 Aa3 1,853,708
735   Symmes Township, Hamilton County, Ohio, General Obligation Bonds, Parkland Acquisition & Improvement Series 2010, 5.250%, 12/01/37 (Pre-refunded 12/01/20)   12/20 at 100.00 Aa1 744,298
4,925   Willoughby-Eastlake City School District, Ohio, General Obligation Bonds, School Improvement Series 2016, 5.000%, 12/01/46 (Pre-refunded 12/01/25)   12/25 at 100.00 A2 6,091,486
93,760   Total U.S. Guaranteed       103,729,602
    Utilities – 5.0%        
1,750   American Municipal Power Inc, Ohio, Combined Hydroelectric Projects Revenue Bonds, Refunding Series 2020A, 5.000%, 2/15/28   No Opt. Call A 2,267,702
1,500   American Municipal Power Ohio Inc, Prairie State Energy Campus Project Revenue Bonds, Series 2015A, 5.000%, 2/15/42   2/24 at 100.00 A1 1,671,285
6,500   American Municipal Power, Inc, Ohio, Greenup Hydroelectric Project Revenue Bonds, Refunding Series 2016A, 5.000%, 2/15/41   2/26 at 100.00 A1 7,625,930
1,665   American Municipal Power, Inc, Ohio, Solar Electricity Prepayment Project Revenue Bonds, Green Bonds Series 2019A, 5.000%, 2/15/44   2/29 at 100.00 A 2,056,908
    American Municipal Power, Inc, Ohio, Solar Electricity Prepayment Project Revenue Bonds, Green Bonds Series 2020A:        
250   4.000%, 2/15/40   2/29 at 100.00 A 290,528
1,200   4.000%, 2/15/44   2/29 at 100.00 A 1,381,344
1,315   Cleveland, Ohio, Public Power System Revenue Bonds, Refunding Series 2018, 5.000%, 11/15/37  –  AGM Insured   5/28 at 100.00 AA 1,644,644
    Cleveland, Ohio, Public Power System Revenue Bonds, Refunding Series 2020A:        
1,000   4.000%, 11/15/35  –  AGM Insured   11/29 at 100.00 AA 1,191,510
2,000   4.000%, 11/15/38  –  AGM Insured   11/29 at 100.00 AA 2,320,640
2,000   Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B-1, 0.000%, 11/15/33  –  NPFG Insured   No Opt. Call A- 1,543,960
56      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
    Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B-2:        
$4,740   0.000%, 11/15/34  –  NPFG Insured   No Opt. Call A- $3,562,537
7,500   0.000%, 11/15/38  –  NPFG Insured   No Opt. Call A- 4,734,075
    Hamilton, Ohio, Electric System Revenue Bonds, Refunding & Improvement Series 2019:        
865   4.000%, 10/01/37  –  BAM Insured   10/29 at 100.00 AA 1,001,661
1,000   4.000%, 10/01/38  –  BAM Insured   10/29 at 100.00 AA 1,154,350
1,015   4.000%, 10/01/39  –  BAM Insured   10/29 at 100.00 AA 1,168,214
1,100   Lancaster Port Authority, Ohio, Gas Supply Revenue Bonds, Series 2019, 5.000%, 8/01/49 (Mandatory Put 2/01/25)   11/24 at 100.68 Aa2 1,301,036
820   Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20 (6)   No Opt. Call N/R 1,025
10,025   Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (6)   No Opt. Call N/R 12,531
46,245   Total Utilities       34,929,880
    Water and Sewer – 9.9%        
1,390   Akron, Ohio, Waterworks System Mortgage Revenue Bonds, Refunding & Improvement Series 2009, 5.000%, 3/01/34  –  AGC Insured   10/20 at 100.00 AA 1,395,115
1,730   Butler County, Ohio, Sewer System Revenue Bonds, Refunding Series 2005, 5.000%, 12/01/23  –  AGM Insured   No Opt. Call Aa2 1,877,794
2,300   Columbus, Ohio, Sewerage System Revenue Bonds, Refunding Series 2014, 5.000%, 6/01/25   12/24 at 100.00 AA+ 2,758,666
    Columbus, Ohio, Sewerage System Revenue Bonds, Refunding Series 2015:        
5,000   5.000%, 6/01/30   6/26 at 100.00 AA+ 6,227,700
6,750   5.000%, 6/01/32   6/26 at 100.00 AA+ 8,390,115
450   Ironton, Ohio, Sewer System Improvement Revenue Bonds, Series 2011, 5.250%, 12/01/40  –  AGM Insured   12/20 at 100.00 A2 453,407
1,745   Lebanon, Ohio, Water System Revenue Bonds, Improvement & Refunding Series 2012, 5.000%, 12/01/31   12/21 at 100.00 A1 1,843,331
1,000   Marysville, Ohio, Water System Mortgage Revenue Bonds, Refunding Series 2016, 4.000%, 12/01/38   12/25 at 100.00 Aa3 1,110,800
5,570   Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 11/15/33   5/28 at 100.00 AA+ 7,127,539
3,125   Northeast Ohio Regional Sewer District, Wastewater Improvement Revenue Bonds, Tender Option Bond Trust 2015-XF0225, 17.983%, 3/01/21, 144A (IF) (4)   No Opt. Call AA+ 4,723,313
    Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, Refunding Series 2019B:        
1,560   5.000%, 12/01/29   No Opt. Call AAA 2,141,318
1,170   5.000%, 6/01/30   No Opt. Call AAA 1,621,491
1,100   5.000%, 12/01/30   No Opt. Call AAA 1,539,824
      57

Nuveen Ohio Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
    Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, Series 2016:        
$2,975   5.000%, 6/01/29   12/26 at 100.00 AAA $3,777,268
1,900   5.000%, 12/01/36   12/26 at 100.00 AAA 2,347,982
4,840   Ohio Water Development Authority, Revenue Bonds, Fresh Water Development, Series 2019, 5.000%, 6/01/44   12/29 at 100.00 AAA 6,267,074
1,010   Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Refunding Series 2014B, 5.000%, 12/01/22   No Opt. Call AAA 1,119,605
5,000   Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Series 2015A, 5.000%, 6/01/26   No Opt. Call AAA 6,285,550
5,000   Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Series 2017A, 5.000%, 12/01/31   6/27 at 100.00 AAA 6,324,400
2,060   Springboro, Ohio, Sewer System Mortgage Revenue Bonds, Refunding Series 2012, 5.000%, 6/01/27   6/22 at 100.00 Aa2 2,224,100
55,675   Total Water and Sewer       69,556,392
$634,197   Total Municipal Bonds (cost $644,703,744)       695,353,849
    
Shares   Description (1)       Value
    COMMON STOCKS – 1.0%        
    Electric Utilities – 1.0%        
350,634   Energy Harbor Corp, (7), (8), (9)       $6,749,704
    Total Common Stocks (cost $7,901,417)       6,749,704
    Total Long-Term Investments (cost $652,605,161)       702,103,553
    Other Assets Less Liabilities – (0.3)%       (2,179,216)
    Net Assets – 100%       $699,924,337
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
58      

Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $695,353,849 $ — $695,353,849
Common Stocks  — 6,749,704  — 6,749,704
Total $ — $702,103,553 $ — $702,103,553
    
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(5) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(6) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(7) Common Stock received as part of the bankruptcy settlement for Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20 and Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23.  
(8) For fair value measurement disclosure purposes, investment classified as Level 2.  
(9) Non-income producing; issuer has not declared a dividend within the past twelve months.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
ETM Escrowed to maturity  
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.  
WI/DD Purchased on a when-issued or delayed delivery basis.  
      59

Nuveen Wisconsin Municipal Bond Fund
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 103.5%        
    MUNICIPAL BONDS – 102.2%        
    Consumer Discretionary  – 0.2%        
$105   Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017, 5.000%, 9/01/46   9/27 at 100.00 BB- $96,442
250   International Falls, Minnesota, Solid Waste Disposal Revenue Bonds, Boise Cascade Corporation Project, Refunding Series 1999, 6.850%, 12/01/29 (AMT)   10/20 at 100.00 B1 249,980
355   Total Consumer Discretionary       346,422
    Consumer Staples  – 1.7%        
675   Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 5.250%, 6/01/32   9/20 at 100.00 N/R 675,135
500   Iowa Tobacco Settlement Authority, Asset-Backed Settlement Revenue Bonds, Series 2005C, 5.500%, 6/01/42   10/20 at 100.00 B- 507,370
315   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%, 6/01/51   6/26 at 100.00 N/R 324,806
1,060   TSASC Inc, New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/48   6/27 at 100.00 N/R 1,093,591
2,550   Total Consumer Staples       2,600,902
    Education and Civic Organizations – 5.2%        
1,000   Milwaukee Redevelopment Authority, Wisconsin, Milwaukee Science Education Consortium, Inc Project, Series 2013A, 6.000%, 8/01/33   8/23 at 100.00 BBB- 1,095,490
1,300   Milwaukee Redevelopment Authority, Wisconsin, Revenue Bonds, Milwaukee School of Engineering Project, Series 2012, 4.100%, 4/01/32  –  AGM Insured   4/22 at 100.00 AA 1,356,719
1,965   Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman Charter School, Series 2018A, 4.000%, 6/15/28, 144A   6/26 at 100.00 BBB- 2,108,150
    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Hmong American Peace Academy, Series 2020:        
420   4.000%, 3/15/30   No Opt. Call BBB 467,292
500   4.000%, 3/15/40   3/30 at 100.00 BBB 539,195
1,200   5.000%, 3/15/50   3/30 at 100.00 BBB 1,402,524
1,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Lawrence University, Series 2020, 4.000%, 2/01/45   2/30 at 100.00 Baa1 1,058,850
7,385   Total Education and Civic Organizations       8,028,220
    Health Care – 21.5%        
440   Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network, Series 2016C, 5.000%, 2/15/36   2/27 at 100.00 AA+ 527,987
5,765   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit Health System, Inc, Series 2020, 4.000%, 7/01/36   7/29 at 100.00 A 6,631,307
60      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$250   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert Community Health, Inc Obligated Group, Tender Option Bond Trust 2015-XF0118, 13.639%, 4/01/42, 144A (IF) (4)   10/22 at 100.00 N/R $286,277
    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic Health System, Inc, Series 2017C:        
4,000   5.000%, 2/15/47 (4)   2/27 at 100.00 A- 4,571,000
8,565   5.000%, 2/15/47 (UB) (4)   2/27 at 100.00 A- 9,787,654
1,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Aspirus, Inc Obligated Group, Refunding Series 2015A, 5.000%, 8/15/34   2/25 at 100.00 AA- 1,137,850
    Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Bellin Memorial Hospital, Inc, Series 2019A:        
2,000   4.000%, 12/01/44   12/29 at 100.00 A+ 2,275,420
3,100   4.000%, 12/01/49   12/29 at 100.00 A+ 3,505,449
    Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Bellin Memorial Hospital, Series 2015:        
250   5.000%, 12/01/23   No Opt. Call A+ 285,392
2,000   4.000%, 12/01/35   6/24 at 100.00 A+ 2,148,080
1,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Fort Healthcare, Series 2014, 5.000%, 5/01/29   5/24 at 100.00 BBB+ 1,120,130
500   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Franciscan Sisters of Christian Charity Sponsored Ministry, Series 2017A, 5.000%, 9/01/36   9/27 at 100.00 BBB- 571,035
175   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Marshfield Clinic Health System, Inc, Series 2020A, 4.000%, 2/15/37  –  AGM Insured   2/30 at 100.00 AA 202,491
29,045   Total Health Care       33,050,072
    Housing/Multifamily – 19.3%        
2,000   Hudson Housing Authority, Wisconsin, Multifamily Housing Revenue Bonds, Cedar Ridge Apartments Project, Series 2013A, 5.125%, 6/01/30   6/23 at 100.00 N/R 2,057,340
3,020   Platteville Redevelopment Authority, Wisconsin, Revenue Bonds, University of Wisconsin - Platteville Real Estate Foundation Project, Series 2012A, 5.000%, 7/01/42   7/22 at 100.00 BBB- 3,065,783
1,380   Puerto Rico Housing Finance Authority, Subordinate Lien Capital Fund Program Revenue Bonds, Modernization Series 2008, 5.125%, 12/01/27   10/20 at 100.00 A+ 1,471,425
2,000   Wisconsin Housing and Economic Development Authority Multi Family Housing Bonds,Western Technical College Student Housing Project, Series 2013B, 4.700%, 4/01/38   4/23 at 100.00 A 2,171,360
700   Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series 2006A, 4.550%, 5/01/27 (AMT)   10/20 at 100.00 AA 701,638
2,125   Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series 2015A, 4.125%, 11/01/46   5/25 at 100.00 AA 2,283,759
    Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series 2017A:        
1,000   4.000%, 11/01/47   11/26 at 100.00 AA 1,086,280
2,000   4.150%, 5/01/55   11/26 at 100.00 AA 2,179,380
      61

Nuveen Wisconsin Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Multifamily (continued)        
$2,230   Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series 2017B, 3.900%, 11/01/42   11/26 at 100.00 AA $2,437,345
    Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series 2018A:        
145   3.700%, 11/01/33   11/27 at 100.00 AA 162,007
2,000   4.300%, 11/01/53 (UB) (4)   11/27 at 100.00 AA 2,234,460
6,720   Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series 2019A, 3.375%, 5/01/57   11/28 at 100.00 AA 7,166,880
2,500   Wisconsin Housing and Economic Development Authority, Multifamily Housing Bonds, Meadow Village Project Series 2020A, 5.000%, 7/01/37, 144A   7/28 at 102.00 N/R 2,667,875
27,820   Total Housing/Multifamily       29,685,532
    Industrials – 1.1%        
725   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc Project, Series 2012, 4.750%, 8/01/42   8/22 at 100.00 BBB- 738,115
100   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013, 5.250%, 12/01/25   12/23 at 100.00 BB- 104,696
465   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/27, 144A   9/20 at 104.00 BB- 483,995
420   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018A, 5.250%, 12/01/50 (Mandatory Put 12/01/33)   12/22 at 103.00 BB- 436,536
1,710   Total Industrials       1,763,342
    Long-Term Care – 8.8%        
1,000   New Richmond Community Development Authority, Wisconsin, Health Care Facilities Revenue Bonds, PHM/New Richmond Senior Housing, Inc, Series 2011, 6.650%, 9/01/43   10/20 at 100.00 N/R 1,000,300
500   Winnebago County Housing Authority, Wisconsin, Revenue Bonds, Lutheran Homes of Oshkosh, Inc Project, Refunding Series 2015A, 4.450%, 3/01/30   10/20 at 101.00 N/R 460,865
2,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Clement Manor, Inc, Series 2019, 5.000%, 8/01/49   8/26 at 103.00 N/R 1,693,180
2,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson Hollow Project Series 2014, 5.375%, 10/01/44   10/22 at 102.00 N/R 2,082,960
2,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, PHW Oconomowoc, Inc Project, Series 2018, 5.125%, 10/01/48   10/23 at 102.00 N/R 2,011,000
1,750   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Rogers Memorial Hospital, Inc, Series 2014B, 5.000%, 7/01/44   7/24 at 100.00 A 1,923,915
500   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Rogers Memorial Hospital, Inc, Series 2019B, 5.000%, 7/01/38   7/26 at 100.00 A 580,295
185   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint John's Communities Inc, Series 2015B, 5.000%, 9/15/37   9/22 at 100.00 BBB- 188,145
1,520   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Three Pillars Senior Living Communities, Refunding Series 2013, 5.000%, 8/15/43   8/23 at 100.00 A 1,613,282
62      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Long-Term Care (continued)        
$2,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Woodland Hills Senior Housing Project, Series 2014, 5.000%, 12/01/44   12/22 at 102.00 N/R $2,056,040
13,455   Total Long-Term Care       13,609,982
    Tax Obligation/General – 1.6%        
525   Puerto Rico, General Obligation Bonds, Public improvement Series 2007A, 5.000%, 7/01/23  –  AGC Insured (5)   10/20 at 100.00 AA 528,496
    Puerto Rico, General Obligation Bonds, Refunding Public Improvement Series 2011C:        
675   5.250%, 7/01/27  –  AGM Insured (5)   10/20 at 100.00 AA 680,758
425   5.750%, 7/01/37  –  AGM Insured (5)   10/20 at 100.00 AA 429,276
770   Puerto Rico, General Obligation Bonds, Refunding Series 2003C-7, 6.000%, 7/01/27  –  NPFG Insured (5)   10/20 at 100.00 Baa2 790,020
2,395   Total Tax Obligation/General       2,428,550
    Tax Obligation/Limited – 32.9%        
    Ashwaubenon Community Development Authority, Wisconsin, Lease Revenue Bonds, Brown County Expo Center Project, Series 2019:        
1,790   4.000%, 6/01/36   6/29 at 100.00 AA 1,974,621
3,500   3.000%, 6/01/44   6/29 at 100.00 AA 3,616,375
10,000   0.000%, 6/01/49   6/29 at 47.10 AA 3,448,700
650   Beloit Community Development Authority, Rock County, Wisconsin, Lease Revenue Bonds, Series 2009, 5.000%, 3/01/25   10/20 at 100.00 N/R 650,436
    Brookfield Community Development and Redevelopment Authority, Wisconsin, Community Development Revenue Bonds, Series 2015A:        
1,340   3.550%, 6/01/34   6/25 at 100.00 A3 1,452,614
1,530   3.600%, 6/01/35   6/25 at 100.00 A3 1,652,400
1,000   Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/34   11/25 at 100.00 BB 1,104,730
590   Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.125%, 1/01/42   1/22 at 100.00 BB 605,446
845   Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A, 5.000%, 12/01/34   12/26 at 100.00 BB 949,636
1,000   Illinois Sports Facility Authority, State Tax Supported Bonds, Series 2001, 0.000%, 6/15/25  –  AMBAC Insured   No Opt. Call BB+ 880,100
1,250   Kaukauna Redevelopment Authority, Outagamie and Calumet Counties, Wisconsin, Redevelopment Lease Revenue Bonds, Series 2015, 4.125%, 6/01/40   6/25 at 100.00 A+ 1,366,487
130   Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012B, 5.000%, 6/15/52   6/22 at 100.00 BBB 133,701
675   Milwaukee Redevelopment Authority, Wisconsin, HSI Industrial I LLC Project Revenue Bonds, Series 2008, 5.125%, 6/01/29 (AMT)   10/20 at 100.00 A2 677,268
    Milwaukee Redevelopment Authority, Wisconsin, Lease Revenue Bonds, Public Schools, Series 2016A:        
800   5.000%, 11/15/30   11/26 at 100.00 A+ 985,904
500   5.000%, 11/15/31   11/26 at 100.00 A+ 614,840
550   5.000%, 11/15/32   11/26 at 100.00 A+ 674,845
      63

Nuveen Wisconsin Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Milwaukee Redevelopment Authority, Wisconsin, Lease Revenue Bonds, Public Schools, Series 2017:        
$95   4.000%, 11/15/21   No Opt. Call A+ $99,228
145   5.000%, 11/15/22   No Opt. Call A+ 159,651
630   5.000%, 11/15/28   11/26 at 100.00 A+ 779,379
500   5.000%, 11/15/34   11/26 at 100.00 A+ 609,150
1,000   5.000%, 11/15/35   11/26 at 100.00 A+ 1,214,320
500   5.000%, 11/15/36   11/26 at 100.00 A+ 606,165
1,000   Neenah Community Development Authority, Wisconsin, Lease Revenue Bonds, Refunding Series 2013, 4.100%, 12/01/27   12/23 at 100.00 A2 1,099,230
500   Puerto Rico Convention Center District Authority, Hotel Occupancy Tax Revenue Bonds, Series 2006A, 5.000%, 7/01/31  –  AMBAC Insured   10/20 at 100.00 C 500,185
    Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N:        
535   5.250%, 7/01/32  –  NPFG Insured (5)   No Opt. Call Baa2 550,429
435   5.250%, 7/01/33  –  NPFG Insured (5)   No Opt. Call Baa2 447,141
500   Puerto Rico Municipal Finance Agency, Series 2002A, 5.000%, 8/01/27  –  AGM Insured   10/20 at 100.00 AA 503,540
1,025   Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Bonds, Series 2007N, 5.000%, 7/01/32  –  RAAI Insured (5)   10/20 at 100.00 AA 1,031,458
3,085   Southeast Wisconsin Professional Baseball Park District, Sales Tax Revenue Refunding Bonds, Series 1998A, 5.500%, 12/15/26  –  NPFG Insured   No Opt. Call Aa3 3,819,754
2,825   Virgin Islands Public Finance Authority, Federal Highway Grant Anticipation Loan Note Revenue Bonds, Series 2015, 5.000%, 9/01/33, 144A   9/25 at 100.00 A 3,160,158
    Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2006:        
120   5.000%, 10/01/25  –  NPFG Insured   10/20 at 100.00 Baa2 122,038
125   5.000%, 10/01/28  –  FGIC Insured   10/20 at 100.00 Baa2 127,114
1,550   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A, 5.000%, 10/01/32  –  AGM Insured   10/22 at 100.00 AA 1,670,745
    Wisconsin Center District, Appropiation Revenue Bonds, Milwaukee Arena Project, Series 2016:        
390   5.000%, 12/15/27   6/26 at 100.00 Aa3 481,514
1,000   5.000%, 12/15/30   6/26 at 100.00 Aa3 1,227,670
500   5.000%, 12/15/31   6/26 at 100.00 Aa3 612,885
4,000   Wisconsin Center District, Dedicated Tax Revenue Bonds, Milwaukee Arena Project, Senior Series 2016A, 0.000%, 12/15/39  –  AGM Insured   6/26 at 60.88 AA 2,021,080
    Wisconsin Center District, Dedicated Tax Revenue Bonds, Refunding Junior Series 1999:        
1,125   5.250%, 12/15/23   No Opt. Call AA 1,272,532
675   5.250%, 12/15/27   No Opt. Call AA 844,817
64      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Wisconsin Center District, Dedicated Tax Revenue Bonds, Refunding Junior Series 2013A:        
$785   4.000%, 12/15/25   12/22 at 100.00 Baa1 $826,911
2,170   5.000%, 12/15/28   12/22 at 100.00 Baa1 2,324,352
500   5.000%, 12/15/29   12/22 at 100.00 Baa1 534,005
    Wisconsin Center District, Dedicated Tax Revenue Bonds, Refunding Senior Series 2003A:        
2,035   0.000%, 12/15/28  –  AGM Insured   No Opt. Call AA 1,717,336
1,945   0.000%, 12/15/31   No Opt. Call AA 1,483,724
55,845   Total Tax Obligation/Limited       50,634,614
    Transportation – 1.0%        
145   Public Finance Authority of Wisconsin, Senior Airport Facilities Revenue and Refunding Bonds, TrIPS Obligated Group, Series 2012B, 5.000%, 7/01/22 (AMT)   No Opt. Call BBB+ 149,644
1,000   Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2012, 5.000%, 1/01/40 (AMT)   1/22 at 100.00 BBB 1,037,300
355   Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012, 5.250%, 1/01/32 (AMT)   7/22 at 100.00 BBB 374,305
1,500   Total Transportation       1,561,249
    U.S. Guaranteed – 2.9% (6)        
    Wisconsin Center District, Dedicated Tax Revenue Bonds, Refunding Junior Series 1999:        
2,860   5.250%, 12/15/23 (ETM)   No Opt. Call AA 3,081,621
190   5.250%, 12/15/27 (ETM)   No Opt. Call AA 239,854
10   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Howard Young Health Care, Inc, Refunding Series 2012, 5.000%, 8/15/22 (ETM)   No Opt. Call N/R 10,927
810   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Beaver Dam Community Hospitals Inc, Series 2013A, 5.250%, 8/15/34 (Pre-refunded 8/15/23)   8/23 at 100.00 N/R 926,235
10   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Monroe Clinic Inc, Refunding Series 2016, 5.000%, 2/15/30 (Pre-refunded 8/15/25)   8/25 at 100.00 N/R 12,243
130   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Three Pillars Senior Living Communities, Refunding Series 2013, 5.000%, 8/15/43 (Pre-refunded 8/15/23)   8/23 at 100.00 A 147,290
4,010   Total U.S. Guaranteed       4,418,170
    Utilities – 6.0%        
995   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.500%, 4/01/41 (5)   No Opt. Call N/R 1,244
125   Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34   10/22 at 100.00 BBB 131,624
860   Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20 (5)   No Opt. Call N/R 1,075
1,000   Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (5)   No Opt. Call N/R 1,250
265   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40 (5)   No Opt. Call N/R 331
      65

Nuveen Wisconsin Municipal Bond Fund (continued)
Portfolio of Investments    August 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$575   Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2005SS, 5.000%, 7/01/30  –  AGM Insured (5)   10/20 at 100.00 AA $578,623
580   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2003NN, 5.250%, 7/01/23  –  NPFG Insured (5)   No Opt. Call Baa2 594,193
790   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2005RR, 5.000%, 7/01/28  –  AGC Insured (5)   10/20 at 100.00 AA 795,261
305   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007UU, 5.000%, 7/01/24  –  AGM Insured (5)   10/20 at 100.00 AA 307,159
    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007VV:        
675   5.250%, 7/01/24  –  NPFG Insured (5)   No Opt. Call Baa2 694,400
130   5.250%, 7/01/26  –  NPFG Insured (5)   No Opt. Call Baa2 134,047
2,760   5.250%, 7/01/27  –  AGM Insured (5)   No Opt. Call AA 3,019,633
185   5.250%, 7/01/31  –  AGM Insured (5)   No Opt. Call AA 202,181
250   5.250%, 7/01/35  –  NPFG Insured (5)   No Opt. Call Baa2 256,000
1,200   Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding Series 2007A, 5.000%, 7/01/25   10/20 at 100.00 CCC 1,106,592
1,250   WPPI Energy, Wisconsin, Power Supply System Revenue Bonds, Series 2016A, 5.000%, 7/01/36   7/26 at 100.00 A1 1,493,162
11,945   Total Utilities       9,316,775
$158,015   Total Municipal Bonds (cost $150,214,414)       157,443,830
    
Shares   Description (1)       Value
    COMMON STOCKS – 1.3%        
    Electric Utilities – 1.3%        
100,944   Energy Harbor Corp, (7), (8), (9)       $1,943,172
    Total Common Stocks (cost $3,031,966)       1,943,172
    Total Long-Term Investments (cost $153,246,380)       159,387,002
    Floating Rate Obligations – (5.2)%       (8,020,000)
    Other Assets Less Liabilities – 1.7%       2,613,453
    Net Assets – 100%       $153,980,455
66      

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $157,443,830 $ — $157,443,830
Common Stocks  — 1,943,172  — 1,943,172
Total $ — $159,387,002 $ — $159,387,002
    
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(5) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(6) 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.  
(7) Common Stock received as part of the bankruptcy settlement for Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 3.500%, 4/01/41, Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20, Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23, and Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40.  
(8) For fair value measurement disclosure purposes, investment classified as Level 2.  
(9) Non-income producing; issuer has not declared a dividend within the past twelve months.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
ETM Escrowed to maturity  
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.  
      67