NPORT-EX 2 NCHY.htm
1
Nuveen
California
High
Yield
Municipal
Bond
Fund
Portfolio
of
Investments
November
30,
2021
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
125.9%   
MUNICIPAL
BONDS
-
125.8%
Consumer
Staples
-
4.8%
$
27,000
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-Backed
Bonds,
Alameda
County
Tobacco
Asset
Securitization
Corporation,
Subordinate
Series
2006A,
0.000%,
6/01/50
12/21
at
17.59
N/R
$
4,742,280
1,155
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-Backed
Bonds,
Golden
Gate
Tobacco
Funding
Corporation,
Turbo,
Series
2007A,
5.000%,
6/01/47
12/21
at
100.00
N/R
1,155,635
1,935
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-Backed
Bonds,
Merced
County
Tobacco
Funding
Corporation,
Series
2020B,
5.000%,
6/01/50
12/30
at
100.00
N/R
2,298,587
20,000
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-Backed
Bonds,
Stanislaus
County
Tobacco
Funding
Corporation,
Series
2006A,
0.000%,
6/01/46
12/21
at
24.99
N/R
4,990,000
5,095
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Bonds,
Gold
Country
Settlement
Funding
Corporation,
Subpordinate
Series
2020B-2,
0.000%,
6/01/55
12/30
at
36.29
N/R
1,364,084
50,705
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
First
Subordinate
Series
2007B-1,
0.000%,
6/01/47
12/21
at
22.76
CCC-
11,566,825
14,900
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Senior
Convertible
Series
2007A-2,
5.300%,
6/01/37
6/22
at
100.00
B-
15,229,588
18,300
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018A-1,
5.000%,
6/01/47
6/22
at
100.00
N/R
18,696,927
1,500
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018A-2,
5.000%,
6/01/47
6/22
at
100.00
N/R
1,532,535
3,460
Guam
Economic
Development
&
Commerce
Authority,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2007A,
5.625%,
6/01/47
12/21
at
100.00
N/R
3,461,730
25,600
Inland
Empire
Tobacco
Securitization
Authority,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2007C-2.
Turbo
Capital
Appreciation,
0.000%,
6/01/47
12/21
at
18.45
CCC
4,713,728
Silicon
Valley
Tobacco
Securitization
Authority,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Santa
Clara
County
Tobacco
Securitization
Corporation,
Series
2007A:
1,000
0.000%,
6/01/36
12/21
at
44.94
N/R
447,760
7,500
0.000%,
6/01/47
12/21
at
23.97
N/R
1,790,475
12,000
Tobacco
Securitization
Authority
of
Northern
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Refunding
Sacramento
County
Tobacco
Securitization
Corporation
Series
2021B-2
Class
2,
0.000%,
6/01/60
12/30
at
33.42
N/R
2,955,840
5,000
Tobacco
Securitization
Authority
of
Southern
California,
Tobacco
Settlement
Asset-Backed
Bonds,
San
Diego
County
Tobacco
Asset
Securitization
Corporation,
First
Subordinate
CABs,
Series
2006B,
0.000%,
6/01/46
12/21
at
22.20
CCC-
1,107,250
2,000
Tobacco
Securitization
Authority
of
Southern
California,
Tobacco
Settlement
Asset-Backed
Bonds,
San
Diego
County
Tobacco
Asset
Securitization
Corporation,
Senior
Series
2019A-Class
1,
5.000%,
6/01/48
12/29
at
100.00
BBB+
2,469,660
197,150
Total
Consumer
Staples
78,522,904
Education
and
Civic
Organizations
-
13.8%
California
Enterprise
Development
Authority,
Charter
School
Revenue
Bonds,
Academy
for
Academic
Excellence
Project,
Series
2020A:
700
5.000%,
7/01/50,
144A
7/27
at
100.00
Ba2
784,021
650
5.000%,
7/01/55,
144A
7/27
at
100.00
Ba2
725,166
2,240
California
Enterprise
Development
Authority,
Charter
School
Revenue
Bonds,
Norton
Science
and
Language
Academy
Project,
Series
2020,
6.250%,
7/01/58,
144A
7/27
at
102.00
N/R
2,419,021
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
2
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
$
18,685
California
Infrastructure
and
Economic
Development
Bank,
Revenue
Bonds,
California
Science
Center
Phase
III
Project,
Green
Series
2021B,
4.000%,
5/01/51,
(UB)(4)
11/31
at
100.00
N/R
$
21,823,519
250
California
Infrastructure
and
Economic
Development
Bank,
Revenue
Bonds,
WFCS
Portfolio
Projects,
Senior
Series
2021A-1,
5.000%,
1/01/56,
144A
1/31
at
100.00
N/R
282,060
5,615
California
Municipal
Finance
Authority
Charter
School
Revenue
Bonds,
John
Adams
Academies
-
El
Dorado
Hills
Project,
Series
2018A,
5.500%,
10/01/38,
144A
10/22
at
105.00
N/R
6,041,178
California
Municipal
Finance
Authority
Charter
School
Revenue
Bonds,
John
Adams
Academies,
Inc.
Project,
Series
2015A:
900
5.000%,
10/01/35
10/22
at
102.00
BB
940,725
1,335
5.250%,
10/01/45
10/22
at
102.00
BB
1,393,593
500
5.250%,
10/01/45
10/22
at
102.00
BB
521,945
4,255
California
Municipal
Finance
Authority
Charter
School
Revenue
Bonds,
John
Adams
Academies,
Inc.
Project,
Series
2017A,
5.000%,
10/01/47,
144A
10/22
at
102.00
BB
4,432,306
250
California
Municipal
Finance
Authority
Charter
School
Revenue
Bonds,
River
Charter
Schools
Project,
Series
2018A,
5.500%,
6/01/53,
144A
6/26
at
100.00
BB
277,888
California
Municipal
Finance
Authority,  Revenue
Bonds,
Creative
Center
of
Los
Altos
Project
Pinewood
&
Oakwood
Schools,
Series
2016B:
500
4.000%,
11/01/36,
144A
11/26
at
100.00
N/R
516,200
2,200
4.500%,
11/01/46,
144A
11/26
at
100.00
N/R
2,285,360
820
California
Municipal
Finance
Authority,
Charter
School
Lease
Revenue
Bonds,
Bella
Mente
Montessori
Academy
Project,
Series
2018A,
5.000%,
6/01/38,
144A
6/28
at
100.00
Ba1
952,906
California
Municipal
Finance
Authority,
Charter
School
Lease
Revenue
Bonds,
Nova
Academy
Project,
Series
2016A:
825
5.000%,
6/15/36,
144A
6/26
at
100.00
BB
917,400
1,000
5.000%,
6/15/46,
144A
6/26
at
100.00
BB
1,095,760
California
Municipal
Finance
Authority,
Charter
School
Lease
Revenue
Bonds,
Santa
Rosa
Academy
Project,
Series
2015:
400
5.125%,
7/01/35,
144A
7/25
at
100.00
BB+
440,208
425
5.375%,
7/01/45,
144A
7/25
at
100.00
BB+
465,825
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
John
Adams
Academies,
Inc.
-
Lincoln
Project,
Taxable
Series
2019B:
500
5.000%,
10/01/39,
144A
10/27
at
100.00
N/R
549,455
1,000
5.000%,
10/01/57,
144A
10/27
at
100.00
N/R
1,079,540
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
John
Adams
Academies,
Inc.
Project,
Series
2014A:
1,400
5.000%,
10/01/34
10/22
at
102.00
BB
1,463,840
465
5.000%,
10/01/44
10/22
at
102.00
BB
484,535
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Learning
Choice
Academy
Chula
Vista,
Series
2021A:
1,605
4.000%,
7/01/51
7/31
at
100.00
BBB-
1,833,488
1,080
4.000%,
7/01/55
7/31
at
100.00
BBB-
1,228,781
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Palmdale
Aerospace
Academy
Project,
Series
2016A:
1,195
5.000%,
7/01/41,
144A
7/26
at
100.00
BB
1,346,681
1,145
5.000%,
7/01/46,
144A
7/26
at
100.00
BB
1,283,408
1,100
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Palmdale
Aerospace
Academy
Project,
Series
2018A,
5.000%,
7/01/38,
144A
7/28
at
100.00
BB
1,292,863
3
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Partnerships
to
Uplift
Communities
Project,
Series
2012A:
$
1,330
5.000%,
8/01/32
8/22
at
100.00
BB
$
1,353,834
2,130
5.250%,
8/01/42
8/22
at
100.00
BB
2,164,847
1,795
5.300%,
8/01/47
8/22
at
100.00
BB
1,824,240
2,245
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Rocketship
Education
Multiple
Projects,
Series
2014A,
7.000%,
6/01/34
6/22
at
102.00
N/R
2,350,268
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Urban
Discovery
Academy
Project,
Series
2014A:
835
5.500%,
8/01/34,
144A
8/24
at
100.00
BB-
901,149
1,650
6.000%,
8/01/44,
144A
8/24
at
100.00
BB-
1,787,197
1,715
California
Municipal
Finance
Authority,
Education
Revenue
Bonds,  American
Heritage
Foundation
Project,
Series
2016A,
5.000%,
6/01/46
6/26
at
100.00
BBB-
1,931,553
1,390
California
Municipal
Finance
Authority,
Education
Revenue
Bonds,
Literacy
First
Charter
Schools
Project,
Series
2019A,
5.000%,
12/01/49
12/29
at
100.00
BBB-
1,665,317
California
Municipal
Finance
Authority,
Education
Revenue
Bonds,
STREAM
Charter
Schools
Project,
Series
2020A:
705
5.000%,
6/15/41,
144A
6/30
at
100.00
N/R
785,744
1,385
5.000%,
6/15/51,
144A
6/30
at
100.00
N/R
1,522,115
1,335
California
Municipal
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
OCEAA
Project,
Series
2008A,
7.000%,
10/01/39
12/21
at
100.00
N/R
1,338,578
California
Municipal
Finance
Authority,
Revenue
Bonds,
Azusa
Pacific
University
Project,
Refunding
Series
2015B:
1,435
5.000%,
4/01/35
4/25
at
100.00
Ba1
1,595,562
8,640
5.000%,
4/01/41
4/25
at
100.00
Ba1
9,529,661
7,880
California
Municipal
Finance
Authority,
Revenue
Bonds,
California
Baptist
University,
Series
2016A,
5.000%,
11/01/46,
144A
11/26
at
100.00
N/R
9,068,619
California
Municipal
Finance
Authority,
Revenue
Bonds,
Claremont
Graduate
University,
Refunding
Series
2020B:
1,000
5.000%,
10/01/49,
144A
10/30
at
100.00
N/R
1,146,580
1,000
5.000%,
10/01/54,
144A
10/30
at
100.00
N/R
1,142,430
235
California
Municipal
Finance
Authority,
Revenue
Bonds,
Emerson
College,
Series
2011,
5.000%,
1/01/28
1/22
at
100.00
Baa2
235,797
300
California
Municipal
Finance
Authority,
Revenue
Bonds,
Goodwill
Industries
of
Sacramento
Valley
&
Northern
Nevada
Project,
Series
2012A,
6.625%,
1/01/32,
144A
1/22
at
100.00
N/R
300,447
3,700
California
Municipal
Finance
Authority,
Revenue
Bonds,
Goodwill
Industries
of
Sacramento
Valley
&
Northern
Nevada
Project,
Series
2014A,
5.250%,
1/01/45
1/25
at
100.00
N/R
3,692,045
7,000
California
Municipal
Finance
Authority,
Revenue
Bonds,
Simpson
University,
Series
2020A,
6.000%,
10/01/50
10/27
at
103.00
N/R
7,919,310
California
Municipal
Finance
Authority,
Revenue
Bonds,
The
Master's
University
&
Seminary,
Series
2019:
1,000
5.000%,
8/01/34
8/29
at
100.00
BB+
1,184,060
2,000
5.000%,
8/01/48
8/29
at
100.00
BB+
2,305,980
250
California
Municipal
Finance
Authority,
Revenue
Bonds,
Touro
College
and
University
System,
Series
2014A,
5.250%,
1/01/40
7/24
at
100.00
BBB-
272,177
2,000
California
Public
Finance
Authority,
Charter
School
Lease
Revenue
Bonds,
California
Crosspoint
Academy
Project,
Series
2020A,
5.125%,
7/01/55,
144A
7/28
at
100.00
N/R
2,136,140
700
California
Public
Finance
Authority,
Charter
School
Lease
Revenue
Bonds,
Multicultural
Learning
Center
Project,
Series
2017A,
6.250%,
6/15/47
6/27
at
100.00
N/R
791,966
4,000
California
Public
Finance
Authority,
Educational
Facility
Revenue
Bonds,
Crossroads
Christian
Schools,
Series
2020,
5.000%,
1/01/56,
144A
1/26
at
100.00
N/R
4,156,720
1,075
California
School
Finance
Authority
Charter
School
Facility
Revenue
Bonds,
Grimmway
Schools-Obligated
Group,
Series
2016A,
5.000%,
7/01/46,
144A
7/26
at
100.00
BB+
1,191,595
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
4
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
California
School
Finance
Authority
Charter
School
Revenue
Bonds,
Bright
Star
Schools
-
Obligated
Group,
Series
2017:
$
1,520
5.000%,
6/01/27,
144A
No
Opt.
Call
N/R
$
1,668,580
755
5.000%,
6/01/37,
144A
6/27
at
100.00
N/R
877,907
1,000
5.000%,
6/01/47,
144A
6/27
at
100.00
N/R
1,148,140
3,090
5.000%,
6/01/54,
144A
6/27
at
100.00
N/R
3,533,940
945
California
School
Finance
Authority
Charter
School
Revenue
Bonds,
California,
ACE
Charter
Schools,
Obligated
Group,
Series
2016A,
5.000%,
6/01/52,
144A
6/26
at
100.00
N/R
1,014,486
1,000
California
School
Finance
Authority
Charter
School
Revenue
Bonds,
Ednovate
Obligated
Group,
Series
2018,
5.000%,
6/01/48,
144A
6/27
at
100.00
N/R
1,113,520
California
School
Finance
Authority
Charter
School
Revenue
Bonds,
Fenton
Schools
-
Obligated
Group,
Series
2020A:
750
5.000%,
7/01/50,
144A
7/27
at
100.00
BB+
854,197
1,000
5.000%,
7/01/58,
144A
7/27
at
100.00
BB+
1,133,340
305
California
School
Finance
Authority
School
Facility
Revenue
Bonds,
Green
Dot
Public
Schools
California
Projects,
Series
2018A,
5.000%,
8/01/48,
144A
8/28
at
100.00
BBB-
357,802
1,000
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Alta
Public
Schools
-
Obligated
Group,
Series
2020A,
6.000%,
6/01/59,
144A
6/28
at
102.00
N/R
1,103,440
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Aspire
Public
Schools,
Refunding
Series
2015A:
1,045
5.000%,
8/01/40,
144A
8/25
at
100.00
BBB
1,179,408
1,100
5.000%,
8/01/45,
144A
8/25
at
100.00
BBB
1,233,848
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Aspire
Public
Schools,
Refunding
Series
2016:
460
5.000%,
8/01/46,
144A
8/25
at
100.00
BBB
515,665
1,100
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Encore
Education
Obligated
Group,
Series
2016A,
5.000%,
6/01/52,
144A
6/26
at
100.00
N/R
1,078,066
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Girls
Athletic
Leadership
School
Los
Angeles
Project,
Series
2021A:
1,000
4.000%,
6/01/41,
144A
6/31
at
100.00
N/R
1,040,920
500
4.000%,
6/01/51,
144A
6/31
at
100.00
N/R
513,935
1,300
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
TEACH
Public
Schools
Obligated
Group,
Series
2016A,
5.875%,
6/01/52
6/26
at
100.00
N/R
1,466,049
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
TEACH
Public
Schools
Obligated
Group,
Series
2019A:
1,000
5.000%,
6/01/49,
144A
6/26
at
100.00
N/R
1,081,800
1,600
5.000%,
6/01/58,
144A
6/26
at
100.00
N/R
1,724,320
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Arts
in
Action
Charter
Schools
-
Obligated
Group,
Series
2020A:
3,700
5.000%,
6/01/50,
144A
6/27
at
100.00
N/R
4,072,442
7,200
5.000%,
6/01/59,
144A
6/27
at
100.00
N/R
7,890,336
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
CIty
Charter
School
Obligated
Group,
Series
2016A:
2,520
5.000%,
6/01/42,
144A
6/26
at
100.00
N/R
2,738,282
2,930
5.000%,
6/01/52,
144A
6/26
at
100.00
N/R
3,163,287
805
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Classical
Academies
Project,
Series
2017A,
5.000%,
10/01/44,
144A
10/27
at
100.00
BBB-
934,122
1,550
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Classical
Academies
Vista
Project,
Series
2021A,
4.000%,
10/01/46,
144A
10/28
at
101.00
BBB-
1,732,388
5
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
$
600
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Coastal
Academy
Project,
Series
2013A,
5.000%,
10/01/42,
144A
10/22
at
100.00
BBB-
$
615,384
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Downtown
College
Prep
-
Obligated
Group,
Series
2016:
1,500
4.750%,
6/01/36,
144A
6/26
at
100.00
N/R
1,632,045
1,180
5.000%,
6/01/46,
144A
6/26
at
100.00
N/R
1,281,173
1,500
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Ivy
Academia,
Series
2021A,
4.000%,
6/01/51,
144A,
(WI/DD,
Settling
12/02/21)
6/28
at
103.00
N/R
1,582,500
675
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Kepler
Neighborhood
School,
Series
2017A,
5.750%,
5/01/37,
144A
5/27
at
100.00
N/R
755,642
915
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Larchmont
Charter
School
Project
,
Series
2018A,
5.000%,
6/01/43,
144A
6/27
at
100.00
N/R
1,028,808
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Lifeline
Education
Charter
School
Project,
Series
2020A:
820
5.000%,
7/01/45,
144A
7/28
at
100.00
BB+
942,582
1,240
5.000%,
7/01/55,
144A
7/28
at
100.00
BB+
1,413,265
2,500
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Rocketship
Education
Obligated
Group,
Series
2016A,
5.000%,
6/01/46,
144A
6/25
at
100.00
N/R
2,711,525
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Rocketship
Education
Obligated
Group,
Series
2017A:
950
5.125%,
6/01/47,
144A
6/26
at
100.00
N/R
1,048,211
1,000
5.250%,
6/01/52,
144A
6/26
at
100.00
N/R
1,106,410
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Rocketship
Public
Schools
Obligated
Group,
Series
2017G:
360
5.000%,
6/01/37,
144A
6/27
at
100.00
N/R
408,928
750
5.000%,
6/01/47,
144A
6/27
at
100.00
N/R
838,792
250
5.000%,
6/01/53,
144A
6/27
at
100.00
N/R
278,785
400
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Santa
Clarita
Valley
International
School
Project,
Series
2021A,
4.000%,
6/01/41
6/31
at
100.00
N/R
433,152
3,000
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Scholarship
Prep
Public
Schools
Obligated
Group,
Series
2020A,
5.000%,
6/01/60,
144A
6/28
at
100.00
N/R
3,087,090
575
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Scholarship
Prep
Public
Schools
Obligated
Group,
Series
2020B,
5.000%,
6/01/27,
144A
No
Opt.
Call
N/R
593,164
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Social
Bonds
iLead
Lancaster
Project,
Series
2021A:
600
5.000%,
6/01/51,
144A
6/29
at
100.00
N/R
673,182
1,320
5.000%,
6/01/61,
144A
6/29
at
100.00
N/R
1,466,111
500
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Summit
Public
Schools
Obligated
Group,
Series
2017,
5.000%,
6/01/47,
144A
6/27
at
100.00
Baa3
571,515
California
School
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
New
Designs
Charter
School
Adams
Campus
Project,
Series
2019A:
750
5.000%,
6/01/40,
144A
6/27
at
100.00
BB+
844,508
1,060
5.000%,
6/01/50,
144A
6/27
at
100.00
BB+
1,181,476
California
School
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
New
Designs
Charter
School
Project,
Series
2014A:
1,000
5.750%,
6/01/34,
144A
6/24
at
100.00
BB+
1,095,000
1,500
6.000%,
6/01/44,
144A
6/24
at
100.00
BB+
1,645,815
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
6
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
California
School
Finance
Authority,
Educational
Facility
Revenue
Bonds,
Partnerships
to
Uplift
Communities
Valley
Project,
Series
2014:
$
1,605
6.400%,
8/01/34,
144A
2/24
at
100.00
BB
$
1,751,263
2,040
6.750%,
8/01/44,
144A
2/24
at
100.00
BB
2,233,637
California
School
Finance
Authority,
Educational
Facility
Revenue
Bonds,
River
Springs
Charter
School
Project,
Series
2017A:
3,710
5.000%,
7/01/47,
144A
7/27
at
100.00
Ba2
4,116,727
2,680
5.000%,
7/01/52,
144A
7/27
at
100.00
Ba2
2,967,216
California
School
finance
Authority,
School
Facility
Revenue
Bonds,  ICEF
-
View
Park
Elementary
and
Middle
Schools,
Series
2014A:
575
5.625%,
10/01/34
10/24
at
100.00
BB
630,896
1,000
5.875%,
10/01/44
10/24
at
100.00
BB
1,098,250
520
6.000%,
10/01/49
10/24
at
100.00
BB
572,863
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2015A:
3,000
4.125%,
7/01/35,
144A
7/25
at
100.00
BBB
3,260,910
1,000
5.000%,
7/01/45,
144A
7/25
at
100.00
BBB
1,115,660
1,015
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alta
Public
Schools
Project,
Series
2014A,
6.500%,
11/01/34,
144A
11/24
at
100.00
N/R
1,108,624
680
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Granada
Hills
Charter
High
School
Obligated
Group,
Series
2021A,
4.000%,
7/01/48,
144A
7/28
at
100.00
BBB-
754,025
600
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
KIPP
LA
Projects,
Series
2014A,
5.000%,
7/01/34
7/24
at
100.00
BBB
657,228
250
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
KIPP
LA
Projects,
Series
2017A,
5.000%,
7/01/47,
144A
7/27
at
100.00
BBB
289,963
1,250
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Value
Schools,
Series
2013,
6.650%,
7/01/33
7/23
at
100.00
BB+
1,359,838
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Value
Schools,
Series
2016A:
625
5.250%,
7/01/31,
144A
7/26
at
100.00
BB+
720,875
1,355
6.000%,
7/01/51,
144A
7/26
at
100.00
BB+
1,590,431
3,500
California
State
University,
Systemwide
Revenue
Bonds,
Series
2021A,
3.000%,
11/01/52,
(UB)(4)
11/31
at
100.00
AA-
3,721,480
1,940
California
Statewide
Communities
Development
Authority,
School
Facility
Revenue
Bonds,
Children
of
Promise,
Series
2015A,
0.000%,
7/01/45,
144A(5)
7/25
at
100.00
N/R
1,843,000
4,015
University
of
California,
General
Revenue
Bonds,
Limited
Project
Series
2018O,
4.000%,
5/15/48,
(UB)(4)
5/28
at
100.00
AA-
4,616,005
1,250
University
of
California,
General
Revenue
Bonds,
Tender
Option
Bond
Trust
2016-XL0001,
18.020%,
5/15/39,
144A,
(IF)(4)
5/23
at
100.00
AA
1,572,925
University
of
Puerto
Rico,
University
System
Revenue
Bonds,
Refunding
Series
2006P:
20
5.000%,
6/01/22
12/21
at
100.00
CC
19,950
10
5.000%,
6/01/23
12/21
at
100.00
CC
9,950
1,005
5.000%,
6/01/24
12/21
at
100.00
CC
997,462
580
5.000%,
6/01/30
12/21
at
100.00
CC
569,850
University
of
Puerto
Rico,
University
System
Revenue
Bonds,
Series
2006Q:
230
5.000%,
6/01/22
12/21
at
100.00
CC
229,425
125
5.000%,
6/01/30
12/21
at
100.00
CC
122,813
1,580
5.000%,
6/01/36
12/21
at
100.00
CC
1,552,350
210,050
Total
Education
and
Civic
Organizations
231,060,502
7
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Health
Care
-
11.2%
Antelope
Valley
Healthcare
District,
California,
Revenue
Bonds,
Series
2016A:
$
1,460
5.000%,
3/01/26
No
Opt.
Call
Ba3
$
1,615,008
2,765
5.000%,
3/01/31
3/26
at
100.00
Ba3
3,091,049
5,160
5.250%,
3/01/36
3/26
at
100.00
Ba3
5,798,550
6,280
5.000%,
3/01/41
3/26
at
100.00
Ba3
6,930,608
10,600
5.000%,
3/01/46
3/26
at
100.00
Ba3
11,649,188
2,000
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2016B,
4.000%,
11/15/41,
(UB)(4)
11/26
at
100.00
A
2,258,420
2,000
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2017A,
5.000%,
11/15/48,
(UB)(4)
11/27
at
100.00
A
2,443,980
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Cedars-Sinai
Health
System,
Series
2021A:
5,850
4.000%,
8/15/48,
(UB),
(WI/DD,
Settling
12/01/21)(4)
8/31
at
100.00
N/R
6,943,424
5,000
3.000%,
8/15/51,
(UB),
(WI/DD,
Settling
12/01/21)(4)
8/31
at
100.00
N/R
5,310,300
420
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Children's
Hospital
Los
Angeles,
Series
2017A,
5.000%,
8/15/42
8/27
at
100.00
Baa2
500,774
1,570
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
El
Camino
Hospital,
Series
2017,
5.000%,
2/01/47,
(UB)(4)
2/27
at
100.00
A1
1,883,372
625
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Kaiser
Permanante
System,
Tender
Option
Bond
Trust
2015-XF1002,
17.497%,
4/01/42,
144A,
(IF)(4)
4/22
at
100.00
AA-
663,969
17,500
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Kaiser
Permanente
System,
Series
2017A-2,
4.000%,
11/01/44,
(UB)(4)
11/27
at
100.00
AA-
20,240,150
1,220
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hospital,
Series
2012A,
5.000%,
8/15/51,
(UB)
(4)
8/22
at
100.00
A+
1,261,480
7,800
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hospital,
Series
2016B,
5.000%,
8/15/55,
(UB)
(4)
8/26
at
100.00
A+
9,184,812
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hospital,
Tender
Option
Bond
Trust
2015-XF0152:
260
18.194%,
8/15/43,
144A,
(IF)(4)
8/24
at
100.00
A+
379,220
695
17.921%,
8/15/51,
144A,
(IF)(4)
8/22
at
100.00
A+
789,541
3,675
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hosptial
at
Stanford,
Series
2017A,
5.000%,
11/15/56,
(UB)(4)
11/27
at
100.00
A+
4,450,756
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Tender
Option
Bond
Trust
2015-XF0120:
45
22.077%,
10/01/38,
144A,
(IF)(4)
10/24
at
100.00
AA-
73,054
795
22.698%,
10/01/44,
144A,
(IF)(4)
10/24
at
100.00
AA-
1,257,849
3,600
22.782%,
10/01/44,
144A,
(IF)(4)
10/24
at
100.00
AA-
5,703,840
California
Municipal
Finance
Authority,
Revenue
Bonds,
Clinicas
del
Camino
Real,
Inc.,
Series
2020:
2,535
4.000%,
3/01/40
3/30
at
100.00
BBB
2,917,202
5,750
4.000%,
3/01/50
3/30
at
100.00
BBB
6,489,565
California
Municipal
Finance
Authority,
Revenue
Bonds,
Community
Health
Centers
of
the
Central
Coast,
Inc.,
Series
2021A:
1,000
5.000%,
12/01/46,
144A
12/30
at
100.00
N/R
1,178,560
1,000
5.000%,
12/01/54,
144A
12/30
at
100.00
N/R
1,173,640
California
Municipal
Finance
Authority,
Revenue
Bonds,
NorthBay
Healthcare
Group,
Series
2015:
200
5.000%,
11/01/35
11/24
at
100.00
BBB-
219,276
1,000
5.000%,
11/01/40
11/24
at
100.00
BBB-
1,092,900
1,250
5.000%,
11/01/44
11/24
at
100.00
BBB-
1,361,712
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
8
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Health
Care
(continued)
California
Municipal
Finance
Authority,
Revenue
Bonds,
NorthBay
Healthcare
Group,
Series
2017A:
$
4,210
5.250%,
11/01/36
11/26
at
100.00
BBB-
$
4,935,004
2,955
5.250%,
11/01/41
11/26
at
100.00
BBB-
3,453,893
3,950
5.000%,
11/01/47
11/26
at
100.00
BBB-
4,501,578
2,270
5.250%,
11/01/47
11/26
at
100.00
BBB-
2,629,545
1,000
California
Municipal
Finance
Authority,
Reveue
Bonds,
Community
Medical
Centers,
Series
2015A,
5.000%,
2/01/46
2/25
at
100.00
A-
1,127,620
1,780
California
Public
Finance
Authority,
Revenue
Bonds,
Henry
Mayo
Newhall
Hospital,
Series
2017,
5.000%,
10/15/47
10/26
at
100.00
BBB-
2,074,964
19,300
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2014A,
5.500%,
12/01/54
12/24
at
100.00
BB-
21,886,972
1,795
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2016A,
5.250%,
12/01/56,
144A
6/26
at
100.00
BB-
2,066,153
315
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2018A,
5.250%,
12/01/48,
144A
6/28
at
100.00
BB-
382,797
6,250
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Emanate
Health,
Series
2020A,
3.000%,
4/01/50,
(UB)(4)
4/30
at
100.00
A
6,594,375
1,015
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Huntington
Memorial
Hospital,
Series
2018,
4.000%,
7/01/48
7/28
at
100.00
A-
1,144,707
9,000
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
John
Muir
Health,
Series
2016A,
5.000%,
8/15/51,
(UB)(4)
8/26
at
100.00
A+
10,548,270
1,035
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Marin
General
Hospital,
Green
Series
2018A,
4.000%,
8/01/45,
(UB)(4)
8/23
at
100.00
BBB+
1,067,841
2,000
California
Statewide
Community
Development
Authority,
Certificates
of
Participation,
Methodist
Hospital
of
Southern
California,
Series
2018,
4.250%,
1/01/43
1/28
at
100.00
BBB+
2,260,500
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005A:
647
5.750%,
7/01/24(5),(6)
12/21
at
100.00
N/R
566,381
375
5.750%,
7/01/30(5),(6)
12/21
at
100.00
N/R
327,863
405
5.750%,
7/01/35(5),(6)
12/21
at
100.00
N/R
354,187
1,692
5.500%,
7/01/39(5),(6)
12/21
at
100.00
N/R
1,480,566
34
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005H,
5.750%,
7/01/25(5),(6)
12/21
at
100.00
N/R
29,516
Palomar
Pomerado
Health
Care
District,
California,
Certificates
of
Participation,
Series
2017:
875
4.000%,
11/01/38
11/27
at
100.00
Ba1
983,203
5,925
4.000%,
11/01/47
11/27
at
100.00
Ba1
6,575,209
Palomar
Pomerado
Health
System,
California,
Revenue
Bonds,
Refunding
Series
2016:
1,085
5.000%,
11/01/36
11/26
at
100.00
Ba1
1,268,029
2,090
5.000%,
11/01/39
11/26
at
100.00
Ba1
2,433,742
1,000
Upland,
California,
Certificates
of
Participation,
San
Antonio
Regional
Hospital,
Series
2017,
4.000%,
1/01/42
1/28
at
100.00
Baa3
1,116,910
200
Washington
Township
Health
Care
District,
California,
Revenue
Bonds,
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
Baa2
235,562
163,257
Total
Health
Care
186,907,586
9
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Housing/Multifamily
-
12.9%
$
5,000
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Creekwood,
Series
2021A,
4.000%,
2/01/56,
144A
8/31
at
100.00
N/R
$
5,190,800
2,000
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Ester
Apartments,
Series
2021A-2,
4.000%,
2/01/43,
144A
8/31
at
100.00
N/R
2,098,060
4,000
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Exchange
at
Bayfront
Apartments,
Junior
Series
2021A-
2,
4.000%,
8/01/51,
144A
8/32
at
100.00
N/R
4,020,560
1,500
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Fountains
at
Emerald
Park,
Junior
Lien
Series
2021A-2,
4.000%,
8/01/46,
144A
8/31
at
100.00
N/R
1,519,155
4,980
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Glendale
Properties,
Junior
Series
2021A-2,
4.000%,
8/01/47,
144A
8/31
at
100.00
N/R
5,100,217
3,330
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
K
Street
Flats,
Series
2021A-1,
3.000%,
2/01/57,
144A
8/32
at
100.00
N/R
3,032,331
2,000
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
K
Street
Flats,
Series
2021A-2,
4.000%,
8/01/50,
144A
8/32
at
100.00
N/R
2,020,700
8,530
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Mira
Vista
Hills  Apartments,
Series
2021A,
4.000%,
2/01/56,
144A
8/31
at
100.00
N/R
8,700,941
9,460
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Serenity
at
Larkspur
Apartments,
Series
2020A,
5.000%,
2/01/50,
144A
2/30
at
100.00
N/R
10,516,398
25,685
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Stoneridge
Apartments,
Series
2021A,
4.000%,
2/01/56,
144A
2/31
at
100.00
N/R
26,826,955
1,600
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Summit
at
Sausalito
Apartments,
Series
2021A-2,
4.000%,
2/01/50,
144A
8/32
at
100.00
N/R
1,622,160
1,000
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Verdant
at
Green
Valley
Apartments,
Series
2019A,
5.000%,
8/01/49,
144A
8/29
at
100.00
N/R
1,109,240
California
Enterprise
Development
Authority,
Student
Housing
Revenue
Bonds,
Provident
Group
-
SDSU
Properties
LLC
-M@College
Project,
Series
2020A:
1,000
5.000%,
8/01/55
8/30
at
100.00
Baa3
1,205,730
1,205
5.000%,
8/01/57
8/30
at
100.00
Baa3
1,447,675
1,585
California
Housing
Finance
Agency,
Multifamily
Housing
Revenue
Bonds,
Redwood
Gardens
Apartments,
Subordinate
Lien
Series
2021N-S,
4.000%,
3/01/37,
144A
3/31
at
100.00
N/R
1,592,228
2,000
California
Housing
Finance
Agency,
Multifamily
Housing
Revenue
Bonds,
Series
2014A-III,
4.600%,
8/01/39
2/24
at
100.00
Aa3
2,118,540
7,275
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2021-1,
3.500%,
11/20/35
No
Opt.
Call
BBB+
8,310,008
1,475
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series2019-1,
4.250%,
1/15/35
No
Opt.
Call
BBB+
1,774,594
240
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Affordable
Housing
Inc
Projects,
Senior
Series
2014A,
5.250%,
8/15/49
8/24
at
100.00
A-
259,051
1,270
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Affordable
Housing
Inc
Projects,
Series
2014B,
5.875%,
8/15/49
8/24
at
100.00
N/R
1,353,147
480
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Projects
Series
2012B,
7.250%,
8/15/47
8/22
at
100.00
N/R
494,832
2,375
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Royal
York
Estates
Projects
Series
2020A,
4.000%,
2/15/55
2/30
at
100.00
N/R
2,448,672
California
Public
Finance
Authority,
University
Housing
Revenue
Bonds,
National
Campus
Community
Development
-
Claremont
Properties
LLC
Claremont
Colleges
Project,
Series
2017A:
890
5.000%,
7/01/37,
144A
7/27
at
100.00
Caa2
799,167
1,975
5.000%,
7/01/47,
144A
7/27
at
100.00
Caa2
1,770,903
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
10
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Housing/Multifamily
(continued)
$
450
California
Statewide
Communities
Development
Authority,
College
Housing
Revenue
Bonds,
National
Campus
Community
Development
-
Hooper
Street
LLC
Project,
Series
2019,
5.250%,
7/01/52,
144A
7/29
at
100.00
B
$
487,067
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Lancer
Educational
Student
Housing
Project,
Refunding
Series
2016A:
4,600
5.000%,
6/01/36,
144A
6/26
at
100.00
N/R
5,271,738
2,090
5.000%,
6/01/46,
144A
6/26
at
100.00
N/R
2,367,991
1,000
CMFA
Special
Finance
Agency
VII,
California,
Essential
Housing
Revenue
Bonds,
Junior
Lien
Series
2021A-2,
4.000%,
8/01/47,
144A
8/31
at
100.00
N/R
1,012,770
4,000
CMFA
Special
Finance
Agency
VII,
California,
Essential
Housing
Revenue
Bonds,
Senior
Lien
Series
2021A-1,
3.000%,
8/01/56,
144A
8/31
at
100.00
N/R
3,645,080
3,350
CMFA
Special
Finance
Agency,
California,
Essential
Housing
Revenue
Bonds,
Latitude
33,
Senior
Series
2021A-1,
3.000%,
12/01/56,
144A
12/31
at
100.00
N/R
3,033,626
2,000
CMFA
Special
Finance
Agency,
California,
Essential
Housing
Revenue
Bonds,
Latitude
33,
Senior
Series
2021A-2,
4.000%,
12/01/45,
144A
12/31
at
100.00
N/R
1,978,640
5,000
CMFA
Special
Finance
Agency,
California,
Essential
Housing
Revenue
Bonds,
Solana
at
Grand,
Junior
Series
2021A-2,
4.000%,
8/01/45,
144A
2/32
at
100.00
N/R
4,946,900
4,665
CMFA
Special
Financing
Agency
VIII,
California,
Essential
Housing
Revenue
Bonds,
Elan
Huntington
Beach,
Junior
Lien
Series
2021A-2,
4.000%,
8/01/47,
144A
8/31
at
100.00
N/R
4,717,061
3,000
CMFA
Special
Financing
Agency
VIII,
California,
Essential
Housing
Revenue
Bonds,
Elan
Huntington
Beach,
Senior
Lien
Series
2021A-1,
3.000%,
8/01/56,
144A
8/31
at
100.00
N/R
2,739,510
2,905
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
1818
Platinum
Triangle-Anaheim,
Mezzanine
Lien
Series
2021B,
4.000%,
4/01/57,
144A
4/32
at
100.00
N/R
2,961,589
3,225
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
1818
Platinum
Triangle-Anaheim,
Social
Bond
Series
2021A-2,
3.250%,
4/01/57,
144A
4/32
at
100.00
N/R
3,081,068
2,250
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
777
Place-Pomona,
Senior
Lien
Series
2021A-1,
3.600%,
5/01/47,
144A
5/32
at
100.00
N/R
2,281,230
2,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Acacia
on
Santa
Rosa
Creek,
Mezzanine
Lien
Series
2021B,
4.000%,
10/01/46,
144A
10/31
at
100.00
N/R
2,034,100
10,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Acacia
on
Santa
Rosa
Creek,
Senior
Lien
Series
2021A,
4.000%,
10/01/56,
144A
10/31
at
100.00
N/R
10,548,800
6,215
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Altana
Glendale,
Series
2021A-2,
4.000%,
10/01/56,
144A
10/31
at
100.00
N/R
6,476,589
3,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Center
City
Anaheim,
Series
2020A,
5.000%,
1/01/54,
144A
1/31
at
100.00
N/R
3,354,780
1,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Dublin
Mezzanine
Lien
Series
2021B,
4.000%,
2/01/57,
144A
2/32
at
100.00
N/R
1,013,980
2,500
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Dublin
Social
Senior
Lien
Series
2021A-2,
3.000%,
2/01/57,
144A
2/32
at
100.00
N/R
2,319,925
2,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Jefferson-Anaheim
Series
2021A-2,
3.125%,
8/01/56,
144A
8/31
at
100.00
N/R
1,848,840
6,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Link-Glendale,
Series
2021A-2,
4.000%,
7/01/56,
144A
7/31
at
100.00
N/R
6,222,420
2,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Millennium
South
Bay-Hawthorne,
Series
2021A-1
and
A-2,
3.250%,
7/01/56,
144A,
(WI/DD,
Settling
12/01/21)
7/32
at
100.00
N/R
1,892,440
1,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Moda
at
Monrovia
Station,
Social
Series
2021A-1,
3.400%,
10/01/46,
144A
10/31
at
100.00
N/R
1,000,600
11
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Housing/Multifamily
(continued)
$
5,215
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Moda
at
Monrovia
Station,
Social
Series
2021A-2,
4.000%,
10/01/56,
144A
10/31
at
100.00
N/R
$
5,434,499
3,615
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Oceanaire-Long
Beach,
Social
Series
2021A-2,
4.000%,
9/01/56,
144A
9/31
at
100.00
N/R
3,802,727
2,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Orange
City
Portfolio,
Mezzanine
Lien
Series
2021B,
4.000%,
3/01/57,
144A
3/32
at
100.00
N/R
2,028,160
3,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Parallel-Anaheim
Series
2021A,
4.000%,
8/01/56,
144A
8/31
at
100.00
N/R
3,111,990
2,500
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Pasadena
Portfolio
Social
Bond,
Mezzanine
Senior
Series
2021B,
4.000%,
12/01/56,
144A
12/31
at
100.00
N/R
2,530,850
2,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Pasadena
Portfolio
Social
Bond,
Series
2021A-2,
3.000%,
12/01/56
12/31
at
100.00
N/R
1,828,960
3,525
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Renaissance
at
City
Center,
Series
2020A,
5.000%,
7/01/51,
144A
7/31
at
100.00
N/R
3,976,623
4,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Union
South
Bay,
Series
2021A-2,
4.000%,
7/01/56,
144A
7/31
at
100.00
N/R
4,178,080
2,625
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Vineyard
Gardens
Apartments,
Senior
Lien
Series
2021A,
3.250%,
10/01/58,
144A
4/32
at
100.00
N/R
2,463,772
3,690
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Waterscape
Apartments,
Mezzanine
Lien
Series
2021B,
4.000%,
9/01/46,
144A
9/31
at
100.00
N/R
3,755,497
2,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Waterscape
Apartments,
Senior
Lien
Series
2021A,
3.000%,
9/01/56,
144A
9/31
at
100.00
N/R
1,841,380
Independent
Cities
Finance
Authority,
California,
Mobile
Home
Park
Revenue
Bonds,
Augusta
Communities
Mobile
Home
Park,
Series
2012A:
740
5.000%,
5/15/39
5/22
at
100.00
A+
749,457
1,010
5.000%,
5/15/47
5/22
at
100.00
A+
1,021,817
1,000
Independent
Cities
Finance
Authority,
California,
Mobile
Home
Park
Revenue
Bonds,
Palomar
Estates
West,
Refunding
Series
2015,
5.000%,
9/15/36
9/25
at
100.00
N/R
1,084,830
1,340
Independent
Cities
Finance
Authority,
California,
Mobile
Home
Park
Revenue
Bonds,
Rancho
Feliz
and
Las
Casitas
De
Sonoma,
Refunding
Series
2012,
5.000%,
10/15/47
10/22
at
100.00
A-
1,374,076
1,000
Independent
Cities
Finance
Authority,
California,
Mobile
Home
Park
Revenue
Bonds,
Vista
De
Santa
Barbara
Mobilehome
Park,
Refunding
Series
2021A,
3.000%,
9/15/56
9/31
at
100.00
A-
1,035,830
315
La
Verne,
California,
Mobile
Home
Park
Revenue
Bonds,
Copacabana
Mobile
Home
Park,
Refunding
Series
2014,
5.000%,
6/15/49
6/24
at
100.00
A+
344,894
2,110
Palmdale
Housing
Authority,
California,
Multifamily
Housing
Revenue
Bonds,
Impression,
La
Quinta,
Park
Vista
&
Summerwood
Apartments,
Series
2015,
5.250%,
6/01/45
6/25
at
100.00
N/R
2,193,176
425
Santa
Clara
County
Housing
Authority,
California,
Multifamily
Housing
Revenue
Bonds,
Blossom
River
Project,
Series
1998A,
6.500%,
9/01/39,
(AMT)
12/21
at
100.00
N/R
425,739
460
Wilson
County
Health
and
Educational
Facilities
Board,
Tennessee,
Senior
Living
Revenue
Bonds,
Rutland
Place
Inc.
Project,
Series
2015A,
5.500%,
1/01/46
12/21
at
100.00
N/R
420,619
207,675
Total
Housing/Multifamily
214,171,784
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
12
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Industrials
-
0.1%
$
2,830
California
Pollution
Control
Financing
Authority,
Solid
Waste
Disposal
Revenue
Bonds,
Aemerge
Redpak
Services,
LLC.,
Series
2016,
7.000%,
12/01/27,
(AMT),
144A(5)
12/23
at
102.00
N/R
$
1,273,510
Long-Term
Care
-
0.4%
2,575
California
Municipal
Finance
Authority,
Revenue
Bonds,
HealthRIGHT
360,
Social
Bond
Series
2019A,
5.000%,
11/01/49,
144A
11/29
at
100.00
N/R
2,899,244
3,700
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
899
Charleston
Project,
Refunding
Series
2014A,
5.250%,
11/01/44,
144A
11/24
at
100.00
N/R
3,936,911
6,275
Total
Long-Term
Care
6,836,155
Tax
Obligation/General
-
25.6%
6,050
Allan
Hancock
Joint
Community
College
District,
California,
General
Obligation
Bonds,
Election
2006
Series
2012C,
0.000%,
8/01/42,
(UB)(4)
8/35
at
100.00
AA
5,918,413
3,595
Alvord
Unified
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
2007
Election
Series
2011B,
0.000%,
8/01/43
-
AGM
Insured
No
Opt.
Call
A2
2,092,506
8,200
Anaheim
Elementary
School
District,
Orange
County,
California,
General
Obligation
Bonds,
Election
2016,
Series
2018A,
4.000%,
8/01/48,
(UB)
(4)
8/27
at
100.00
Aa3
9,331,436
10,000
Antelope
Valley
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2020B,
3.000%,
8/01/50,
(UB)(4)
8/30
at
100.00
AA
10,660,300
1,000
Aromas-San
Juan
Unified
School
District,
San
Benito,
Santa
Cruz
and
Monterey
Counties,
California,
General
Obligation
Bonds,
Series
2013B,
0.000%,
8/01/52
-
AGM
Insured(7)
8/37
at
100.00
AA
878,510
Bakersfield
City
School
District,
Kern
County,
California,
General
Obligation
Bonds,
Series
2012C:
1,700
0.000%,
5/01/37(7)
No
Opt.
Call
A+
1,494,011
6,925
0.000%,
5/01/42(7)
5/40
at
100.00
A+
6,762,124
5,500
0.000%,
5/01/47(7)
5/40
at
100.00
A+
5,288,195
1,250
California
State,
General
Obligation
Bonds,
Tender
Option
Bond
Trust
2015-XF1039,
18.307%,
10/01/44,
144A,
(IF)(4)
10/24
at
100.00
AA-
1,838,888
1,500
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2015,
5.000%,
3/01/45,
(UB)(4)
3/25
at
100.00
AA-
1,691,730
5,000
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2017,
5.000%,
8/01/46,
(UB)(4)
8/26
at
100.00
AA-
5,904,200
3,500
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2020,
4.000%,
3/01/50,
(UB)(4)
3/30
at
100.00
AA-
4,116,945
California
State,
General
Obligation
Bonds,
Various
Purpose,
Tender
Option
Bond
Trust
2015-XF1041:
1,005
14.228%,
11/01/44,
144A,
(IF)(4)
11/24
at
100.00
AA-
1,380,960
750
14.246%,
11/01/44,
144A,
(IF)(4)
11/24
at
100.00
AA-
1,030,912
1,250
14.246%,
11/01/44,
144A,
(IF)(4)
11/24
at
100.00
AA-
1,718,188
545
14.246%,
11/01/44,
144A,
(IF)(4)
11/24
at
100.00
AA-
749,130
3,000
Carlsbad
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Election
of
2018
Series
2021B,
3.000%,
8/01/46,
(UB)
(4)
8/31
at
100.00
AA
3,241,380
4,610
Central
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
2008
Election
Series
2013B,
0.000%,
8/01/37
8/22
at
44.31
A2
2,039,003
3,800
Central
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
2016
Election
Series
2018B,
4.000%,
8/01/48,
(UB)(4)
8/26
at
100.00
Aa3
4,247,602
3,405
Coachella
Valley
Unified
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
Election
2005
Series
2012D,
0.000%,
8/01/39
-
AGM
Insured
No
Opt.
Call
A1
2,299,805
College
of
the
Sequoias
Community
College
District,
King
and
Tulare
Counties,
California,
General
Obligation
Bonds,
College
of
the
Sequoias
Tulare
Area
Improvement
District
3,
Election
of
2008,
Series
2021E:
1,160
4.000%,
8/01/46,
(UB)(4)
8/29
at
100.00
Aa3
1,349,428
3,840
3.000%,
8/01/51,
(UB)(4)
8/29
at
100.00
Aa3
4,060,224
13
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
$
11,090
Cupertino
Union
School
District,
Santa
Clara
County,
California,
General
Obligation
Bonds,
Election
2012,
Series
2016C,
4.000%,
8/01/40,
(UB)
(4)
8/26
at
100.00
AA+
$
12,474,365
1,115
Denair
Unified
School
District,
Stanislaus
County,
California,
General
Obligation
Bonds,
Series
2002A,
0.000%,
8/01/26
-
FGIC
Insured
No
Opt.
Call
Baa2
1,055,002
2,640
Elk
Grove
Unified
School
District,
Sacramento
County,
California,
General
Obligation
Bonds,
Election
of
2016,
Series
2017,
4.000%,
8/01/46,
(UB)
(4)
8/26
at
100.00
Aa2
2,972,138
5,500
Fontana
Unified
School
District,
San
Bernardino
County,
California,
General
Obligation
Bonds,
Election
2006
Series
2020,
2.375%,
8/01/44
-
AGM
Insured,
(UB)(4)
8/28
at
100.00
Aa3
5,526,840
5,000
Fresno
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
Crossover
Refunding
Series
2016B,
4.000%,
8/01/46,
(UB)(4)
8/26
at
100.00
Aa3
5,592,900
5,000
Gilroy
Unified
School
District,
Santa
Clara
County,
California,
General
Obligation
Bonds,
Election
of
2008
&
2016,
Series
2019,
4.000%,
8/01/48,
(UB)(4)
8/27
at
100.00
Aa3
5,757,500
4,560
Hartnell
Community
College
District,
Monterey
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2017A,
4.000%,
8/01/47,
(UB)(4)
8/27
at
100.00
AA
5,229,682
1,000
Illinois
State,
General
Obligation
Bonds,
November
Series
2017D,
5.000%,
11/01/27
No
Opt.
Call
BBB-
1,210,130
1,205
Jamul
Dulzura
Union
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Election
1995
Series
2004A,
0.000%,
11/01/28
-
NPFG
Insured
No
Opt.
Call
Baa2
1,086,765
9,175
Lake
Tahoe
Unified
School
District,
El
Dorado
County,
California,
General
Obligation
Bonds,
Series
2010,
0.000%,
8/01/45
-
AGM
Insured(7)
No
Opt.
Call
A1
9,785,138
2,000
Livermore
Valley
Joint
Unified
School
District,
Alameda
County,
California,
General
Obligation
Bonds,
Election
of
2016
Measure
J,
Series
2019,
4.000%,
8/01/46,
(UB)(4)
8/26
at
100.00
Aa3
2,254,540
3,660
Lodi
Unified
School
District,
San
Joaquin
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2021,
3.000%,
8/01/46,
(UB)(4)
8/30
at
100.00
Aa2
3,905,696
6,235
Long
Beach
Community
College
District,
California,
General
Obligation
Bonds,
Capital
Appreciation,
Election
2008
Series
2008A,
0.000%,
6/01/30
-
AGM
Insured
No
Opt.
Call
AA
5,461,237
12,000
Long
Beach
Community
College
District,
California,
General
Obligation
Bonds,
Refunding
2008
Election
Series
2012B,
0.000%,
8/01/49,
(UB)
8/42
at
100.00
AA
11,608,680
12,075
Long
Beach
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
of
2008,
Series
2019F,
3.000%,
8/01/47,
(UB)(4)
8/29
at
100.00
AA-
12,812,541
3,500
Long
Beach
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
of
2016,
Series
2019B,
3.000%,
8/01/48,
(UB)(4)
8/29
at
100.00
AA-
3,710,875
3,725
Lynwood
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2012
Series
2021E,
3.000%,
8/01/48
-
BAM
Insured,
(UB)(4)
8/31
at
100.00
AA
3,992,157
2,625
Magnolia
School
District,
Orange
County,
California,
General
Obligation
Bonds,
Election
2010
Series
2011,
0.000%,
8/01/36
No
Opt.
Call
A+
1,779,829
10,900
Marin
Healthcare
District,
Marin
County,
California,
General
Obligation
Bonds,
2013
Election,
Series
2017A,
4.000%,
8/01/47,
(UB)(4)
8/27
at
100.00
Aa2
12,373,135
1,000
Montebello
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
1998
Series
2004,
0.000%,
8/01/26
-
FGIC
Insured
No
Opt.
Call
Baa2
946,190
5,000
Montebello
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2016A,
4.000%,
8/01/46,
(UB)(4)
8/26
at
100.00
A1
5,443,850
7,000
Mount
San
Antonio
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
of
2018,
Series
2019A,
4.000%,
8/01/49,
(UB)(4)
8/29
at
100.00
AA
8,247,470
6,060
New
Haven
Unified
School
District,
Alameda
County,
California,
General
Obligation
Bonds,
Election
of
2014,
Series
2020C,
3.000%,
8/01/49,
(UB)(4)
8/28
at
100.00
Aa3
6,429,660
650
Newman-Crows
Landing
Unified
School
District,
Stanislaus
County,
California,
General
Obligation
Bonds,
2008
Election,
Series
2010B,
0.000%,
8/01/49
-
AGM
Insured(7)
No
Opt.
Call
Aa3
738,699
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
14
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
$
2,000
Northern
Inyo
County
Local
Hospital
District,
California,
General
Obligation
Bonds,
Election
2005
Series
2009,
0.000%,
11/01/38
No
Opt.
Call
AA
$
1,262,840
9,365
Norwalk
La
Mirada
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2014
Series
2019D,
3.000%,
8/01/43,
(UB)(4)
8/29
at
100.00
Aa3
10,043,401
6,750
Norwalk
La
Mirada
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2014
Series
2021E,
3.000%,
8/01/50,
(UB)(4)
8/31
at
100.00
Aa3
7,187,333
15,000
Oakland,
California,
General
Obligation
Bonds,
Measure
KK
Series
2020B-
1,
3.000%,
1/15/50,
(UB)(4)
1/30
at
100.00
AA
15,887,550
2,250
Orland
Joint
Unified
School
District,
Glenn
and
Tehama
Counties,
California,
General
Obligation
Bonds,
2008
Election,
Series
2012B,
0.000%,
8/01/51(7)
8/37
at
100.00
AA
2,007,743
5,205
Paramount
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2006
Series
2011,
0.000%,
8/01/42
No
Opt.
Call
A+
2,948,008
1,350
Paso
Robles
Joint
Unified
School
District,
San
Luis
Obispo
and
Monteray
Counties,
California,
General
Obligation
Bonds,
Election
2006
Series
2010A,
0.000%,
9/01/34
No
Opt.
Call
Aa3
1,063,827
2,000
Perris
Union
High
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
2012
Election,
Series
2021C,
3.000%,
9/01/45,
(UB)
(4)
9/29
at
100.00
Aa3
2,110,600
5,000
Pittsburg
Unified
School
District,
Contra
Costa
County,
California,
General
Obligation
Bonds,
Refunding
Series
2016,
4.000%,
8/01/40,
(UB)(4)
8/26
at
100.00
A1
5,624,150
6,225
Placentia-Yorba
Linda
Unified
School
District,
Orange
County,
California,
General
Obligation
Bonds,
Series
2011D,
0.000%,
8/01/46
No
Opt.
Call
AA-
3,376,191
2,000
Pomona
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
2016
Election,
Series
2021F,
3.000%,
8/01/48
-
BAM
Insured,
(UB)(4)
8/31
at
100.00
Aa3
2,163,400
5,050
Pomona
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2020D,
2.500%,
8/01/48
-
AGM
Insured,
(UB)(4)
8/30
at
100.00
Aa3
5,099,894
5,000
Poway
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
School
Facilities
Improvement
District
2007-1,
Series
2011A,
0.000%,
8/01/46,
(UB)(4)
No
Opt.
Call
AA-
2,547,050
1,000
Puerto
Rico,
General
Obligation
Bonds,
Public
Improvement
Series
2001,
2.140%,
7/01/31(5)
12/21
at
100.00
N/R
987,500
4,700
Puerto
Rico,
General
Obligation
Bonds,
Public
Improvement
Series
2004A,
2.140%,
7/01/33(5)
12/21
at
100.00
N/R
4,641,250
1,425
Puerto
Rico,
General
Obligation
Bonds,
Public
improvement
Series
2007A,
2.140%,
7/01/22(5)
No
Opt.
Call
N/R
1,407,188
5,000
Puerto
Rico,
General
Obligation
Bonds,
Refunding
Public
Improvement
Series
2008A,
2.140%,
7/01/32(5)
12/21
at
100.00
N/R
4,918,750
23,850
Puerto
Rico,
General
Obligation
Bonds,
Series
2014A,
1.990%,
7/01/35(5)
12/21
at
100.00
N/R
20,928,375
4,725
River
Delta
Unified
School
District,
Sacramento
and
Solano
Counties,
California,
General
Obligation
Bonds,
School
Faciliteis
Improvement
District
2,
Election
2004
Series
2008,
0.000%,
4/01/48
-
AGM
Insured
No
Opt.
Call
AA
2,266,819
1,215
Rohnerville
School
District,
Humboldt
County,
California,
General
Obligation
Bonds,
Election
2010,
Series
2012B,
0.000%,
8/01/47
-
AGM
Insured
No
Opt.
Call
AA
606,346
3,000
San
Bernardino
Community
College
District,
California,
General
Obligation
Bonds,
Election
of
2008
Series
2009B,
0.000%,
8/01/44
No
Opt.
Call
AA
1,574,250
8,860
San
Diego
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Dedicated
Unlimited
Ad
Valorem
Property
Tax,
2012
Election
Series
2020M-2,
3.000%,
7/01/50,
(UB)(4)
7/30
at
100.00
Aa2
9,418,534
4,400
San
Diego
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Dedicated
Unlimited
Ad
Valorem
Property
Tax,
2018
Election
Series
2019C-2,
3.000%,
7/01/44,
(UB)(4)
7/29
at
100.00
Aa2
4,731,980
San
Diego
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Election
of
2012
Series
2013C:
10,000
4.000%,
7/01/42,
(UB)(4)
7/23
at
100.00
AA-
10,590,500
1,990
San
Diego
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Refunding
Series
2012R-2,
0.000%,
7/01/41(4),(7)
7/40
at
100.00
AA-
2,402,030
15
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
$
15,000
San
Diego
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Refunding
Series
2012R-2,
0.000%,
7/01/41,
(UB)
(4),(7)
7/40
at
100.00
AA-
$
18,105,750
1,980
San
Diego
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Tender
Option
Bond
2016-XF2355,
Formerly
Tender
Option
Bond
Trust
Series
3330,
14.023%,
7/01/38,
144A,
(IF)(4)
7/23
at
100.00
AA-
2,447,735
5,500
Sanger
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
Election
of
2018,
Series
2020B,
3.000%,
8/01/48,
(UB)
(4)
8/29
at
100.00
AA
5,903,865
2,500
Santa
Barbara
Secondary
High
School
District,
Santa
Barbara
County,
California,General
Obligation
Bonds,  Election
2010
Series
2011A,
0.000%,
8/01/40,
(UB)(4)
No
Opt.
Call
AA
1,585,325
10,000
Santa
Clara
Unified
School
District,
Santa
Clara
County,
California,
General
Obligation
Bonds,
Election
of
2018,
Series
2019,
4.000%,
7/01/48,
(UB)
(4)
7/26
at
100.00
AA+
11,372,000
7,655
Savanna
Elementary
School
District,
Orange
County,
California,
General
Obligation
Bonds,
Election
2008
Series
2012B,
0.000%,
2/01/52
-
AGM
Insured(7)
No
Opt.
Call
A2
8,591,207
4,955
Selma
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2020C,
3.000%,
8/01/49,
(UB)(4)
8/30
at
100.00
AA
5,255,223
Southwestern
Community
College
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Election
of
2008,
Series
2011C:
1,500
0.000%,
8/01/41
No
Opt.
Call
AA-
976,425
5,730
0.000%,
8/01/46(4)
No
Opt.
Call
AA-
2,951,580
13,000
0.000%,
8/01/46,
(UB)(4)
No
Opt.
Call
AA-
6,696,430
10,000
Sunnyvale
School
District,
Santa
Clara
County,
California,
General
Obligation
Bonds,
Election
2013
Series
2019C,
3.000%,
9/01/44,
(UB)(4)
9/27
at
100.00
Aa1
10,643,600
5,000
Temecula
Valley
Unified
School
District,
3.000%,
8/01/44,
(UB)(4)
8/29
at
100.00
Aa1
5,377,400
1,880
Walnut
Valley
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2000
Series
2003D,
0.000%,
8/01/28
-
FGIC
Insured
No
Opt.
Call
AA-
1,735,522
2,250
West
Hills
Community
College
District,
California,
General
Obligation
Bonds,
School
Facilities
Improvement
District
3,
2008
Election
Series
2011,
0.000%,
8/01/38
-
AGM
Insured(7)
8/31
at
100.00
A2
2,615,085
5,155
Yosemite
Community
College
District,
California,
General
Obligation
Bonds,
Capital
Appreciation,
Election
2004,
Series
2010D,
0.000%,
8/01/42,
(UB)(4),(7)
No
Opt.
Call
AA-
5,364,190
429,765
Total
Tax
Obligation/General
423,905,755
Tax
Obligation/Limited
-
32.4%
1,000
Adelanto
Community
Facilities
District
Number
2006-2,
San
Bernadino
County,
California,
Special
Tax
Bonds,
Series
2015A,
5.000%,
9/01/45
9/25
at
100.00
N/R
1,114,700
Anaheim
Public
Financing
Authority,
California,
Lease
Revenue
Bonds,
Public
Improvement
Project,
Series
1997C:
330
0.000%,
9/01/28
-
AGM
Insured
No
Opt.
Call
A2
301,115
240
0.000%,
9/01/30
-
AGM
Insured
No
Opt.
Call
A2
208,514
4,475
0.000%,
9/01/34
-
AGM
Insured
No
Opt.
Call
A2
3,508,624
1,985
0.000%,
9/01/35
-
AGM
Insured
No
Opt.
Call
AA
1,514,456
2,590
Beaumont
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Improvement
Area
7A-1,
Series
2015A,
5.000%,
9/01/45
9/25
at
100.00
N/R
2,903,053
Beaumont,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-1
Fairway
Canyon,
Series
2019:
300
5.000%,
9/01/44
9/25
at
103.00
N/R
342,861
400
5.000%,
9/01/49
9/25
at
103.00
N/R
455,704
Beaumont,
California,
Special
Tax
Bonds,
Community
Facilities
District
93-1
Improvement
Area
17C,
Series
2018:
750
5.000%,
9/01/43
9/25
at
103.00
N/R
859,192
1,115
5.000%,
9/01/48
9/25
at
103.00
N/R
1,273,085
1,035
Beaumont,
California,
Special
Tax
Bonds,
Community
Facilities
District
93-1
Improvement
Area
8D,
Series
2018A,
5.000%,
9/01/48
9/25
at
103.00
N/R
1,181,742
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
16
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
$
1,900
Blythe
Redevelopment
Agency
Successor
Agency,
California,
Tax
Allocation
Bonds,
Redevelopment
Project
1,
Refunding
Series
2015,
5.000%,
5/01/38
11/25
at
100.00
N/R
$
2,140,483
Brea
Redevelopment
Agency,
Orange
County,
California,
Tax
Allocation
Bonds,
Project
Area
AB,
Series
2003:
1,500
0.000%,
8/01/28
-
AMBAC
Insured
No
Opt.
Call
AA-
1,364,700
2,300
0.000%,
8/01/29
-
AMBAC
Insured
No
Opt.
Call
AA-
2,041,549
6,710
0.000%,
8/01/30
-
AMBAC
Insured
No
Opt.
Call
AA-
5,805,693
1,700
Brentwood
Infrastructure
Financing
Authority,
California,
Infrastructure
Revenue
Bonds,
Refunding
Subordinated
Series
2014B,
5.000%,
9/02/36
9/24
at
100.00
N/R
1,854,258
5,600
California
Community
College
Financing
Authority,
Lease
Revenue
Bonds,
Refunding
Series
2003,
0.000%,
6/01/33
-
AMBAC
Insured
No
Opt.
Call
AA+
3,859,464
1,450
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Bold
Program,
Series
2020A,
4.000%,
9/01/45
9/26
at
103.00
N/R
1,602,105
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Bold
Program,
Series
2020B:
1,070
4.000%,
9/01/43
9/27
at
103.00
N/R
1,200,690
1,550
4.000%,
9/01/50
9/27
at
103.00
N/R
1,729,133
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Bold
Program,
Series
2021A:
660
4.000%,
9/01/41
9/28
at
103.00
N/R
744,572
1,095
4.000%,
9/01/46
9/28
at
103.00
N/R
1,225,130
1,500
4.000%,
9/01/51
9/28
at
103.00
N/R
1,673,610
750
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Bold
Program,
Series
2021B,
4.000%,
9/01/51
9/28
at
103.00
N/R
836,805
540
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2007-1
Orinda
Wilder
Project,
Refunding
Series
2015,
5.000%,
9/01/37
9/25
at
100.00
N/R
603,520
1,000
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2012-01,
Fancher
Creek,
Series
2013A,
5.700%,
9/01/43
9/22
at
100.00
N/R
1,029,790
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2012-02,
Manteca
Lifestyle
Center,
Series
2013A:
1,000
5.000%,
9/01/33
9/23
at
100.00
N/R
1,062,430
2,000
5.125%,
9/01/42
9/23
at
100.00
N/R
2,122,320
2,000
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2015-01
Improvement
Area
2
University
District,
Series
2017,
5.000%,
9/01/47
9/27
at
100.00
N/R
2,340,560
2,500
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2015-2
Rio
Bravo,
Series
2015A,
5.625%,
9/01/45
9/25
at
100.00
N/R
2,761,750
3,000
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2016-02
Delta
Coves,
Series
2019,
5.000%,
9/01/49
9/29
at
100.00
N/R
3,603,060
5,250
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2017-01
Horse
Creek,
Series
2018,
5.000%,
9/01/48
9/28
at
100.00
N/R
6,341,318
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2018-01,
Wagon
Wheel,
Series
2020:
600
4.000%,
9/01/40
9/30
at
100.00
N/R
687,192
1,300
4.000%,
9/01/50
9/30
at
100.00
N/R
1,469,767
2,000
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2021-01
Meadowlands,
Series
2021-01,
4.000%,
9/01/51,
(WI/DD,
Settling
12/01/21)
9/31
at
100.00
N/R
2,208,260
1,000
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Pacific
Highlands
Ranch
Project,
Series
2019,
5.000%,
9/02/49
9/29
at
100.00
N/R
1,217,810
17
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Refunding
Series
2015R-1:
$
3,510
5.000%,
9/02/35
9/25
at
100.00
N/R
$
3,918,424
1,120
5.000%,
9/02/40
9/25
at
100.00
N/R
1,244,768
940
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2011A,
8.000%,
9/02/41
12/21
at
100.00
N/R
940,103
2,275
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2014A,
5.000%,
9/02/43
9/22
at
100.00
N/R
2,332,080
2,060
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2014B,
5.000%,
9/02/44
9/24
at
100.00
N/R
2,229,373
2,240
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2016A,
5.000%,
9/02/45
9/26
at
100.00
N/R
2,544,192
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2016B:
1,690
5.000%,
9/02/36
9/26
at
100.00
N/R
1,943,230
3,310
5.000%,
9/02/46
9/26
at
100.00
N/R
3,761,484
480
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2017A,
5.000%,
9/02/46
9/27
at
100.00
N/R
555,106
375
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2017B,
5.000%,
9/02/47
9/27
at
100.00
N/R
435,773
3,550
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2017C,
5.000%,
9/02/47
9/27
at
100.00
N/R
4,075,400
3,745
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2018A,
5.000%,
9/02/47
9/28
at
100.00
N/R
4,437,600
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2019B:
3,300
5.000%,
9/02/44
9/29
at
100.00
N/R
3,943,203
3,370
5.000%,
9/02/49
9/29
at
100.00
N/R
4,002,717
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2019C:
725
5.000%,
9/02/44
9/29
at
100.00
N/R
876,054
2,310
5.000%,
9/02/49
9/29
at
100.00
N/R
2,774,518
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2020A:
850
4.000%,
9/02/50
9/30
at
100.00
N/R
963,186
805
5.000%,
9/02/50
9/30
at
100.00
N/R
972,094
2,000
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2021A,
4.000%,
9/02/41
9/31
at
100.00
N/R
2,310,940
5,000
California
Statewide
Communities
Development
Authority,
Statewide
Infrastructure
Program
Revenue
Bonds,
Series
2020C,
4.000%,
9/02/50
9/30
at
100.00
N/R
5,682,800
Calimesa,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2018-1
Summerwind
Trails
Improvement
Area
1,
Series
2020:
865
4.000%,
9/01/45
9/27
at
103.00
N/R
973,558
820
4.000%,
9/01/50
9/27
at
103.00
N/R
920,466
1,540
Chino,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-3,
Series
2017,
5.000%,
9/01/47
9/24
at
103.00
N/R
1,714,051
1,000
Chino,
California,
Special
Tax
Bonds,
Community
Facilities
District
2019-1
The
Landing,
Series
2020,
4.000%,
9/01/51
9/27
at
103.00
N/R
1,120,030
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
18
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
Chula
Vista,
California,
Special
Tax
Bonds,
Community
Facilities
District
16-I
Millenia
Improvement
Area
1,
Series
2018:
$
1,000
5.000%,
9/01/43
9/25
at
103.00
N/R
$
1,145,590
1,250
5.000%,
9/01/48
9/25
at
103.00
N/R
1,427,225
320
City
of
Dublin,
California,
Community
Facilities
District
No.
2015-1,
Dublin
Crossing,
Improvement
Area
No.
1,
Special
Tax
Bonds,
Series
2017,
5.000%,
9/01/47
9/27
at
100.00
N/R
373,158
1,000
Compton
Community
Redevelopment
Agency,
California,
Tax
Allocation
Revenue
Bonds,
Redevelopment
Projects,
Housing
Second
Lien
Series
2010A,
5.500%,
8/01/30
12/21
at
100.00
N/R
1,003,360
500
Compton
Community
Redevelopment
Agency,
California,
Tax
Allocation
Revenue
Bonds,
Redevelopment
Projects,
Second
Lien
Series
2010B,
5.750%,
8/01/26
12/21
at
100.00
N/R
501,925
Compton
Public
Finance
Authority,
California,
Lease
Revenue
Bonds,
Refunding
&
Various
Capital
Projects,
Series
2008:
500
5.250%,
9/01/27
-
AMBAC
Insured
12/21
at
100.00
N/R
501,425
210
5.000%,
9/01/32
-
AMBAC
Insured
12/21
at
100.00
N/R
210,487
670
Corona,
California,
Special
Tax
Bonds,
Community
Facilities
District
2002-
1
Dos
Lagos
Improvement
Area
1,
Refunding
Series
2017,
5.000%,
9/01/37
9/24
at
103.00
N/R
749,965
Corona,
California,
Special
Tax
Bonds,
Community
Facilities
District
2018-1
Bedford,
Series
2018A:
2,155
5.000%,
9/01/43
9/24
at
103.00
N/R
2,408,191
1,250
5.000%,
9/01/48
9/24
at
103.00
N/R
1,393,025
1,000
Corona-Norco
Unified
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
05-1,
Series
2016,
4.000%,
9/01/45
9/26
at
100.00
N/R
1,092,550
Del
Mar
Union
School
District,
San
Diego
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
99-1,
Refunding
Facilities
Financing
Series
2019:
2,400
4.000%,
9/01/44,
(UB)(4)
9/29
at
100.00
AA
2,820,888
4,245
4.000%,
9/01/49,
(UB)(4)
9/29
at
100.00
AA
4,958,585
1,000
Dixon,
California,
Special
Tax
Bonds,
Community
Facilities
District
2019-1
Homestead,
Improvement
Area
1,
Series
2019,
4.000%,
9/01/50
9/30
at
100.00
N/R
1,140,780
665
Dublin
Community
Facilities
District
No.
2015-1,
California,
Dublin
Crossing,
Improvement
Area
No.
3
Special
Tax
Bonds,
Series
2021,
4.000%,
9/01/51
9/27
at
103.00
N/R
733,734
Dublin,
California,
Special
Tax
Bonds,
Community
Facilities
District
2015-1
Improvement
Area
2
Dublin
Crossing,
Series
2019:
2,800
5.000%,
9/01/44
9/26
at
103.00
N/R
3,251,416
4,100
5.000%,
9/01/49
9/26
at
103.00
N/R
4,740,338
Eastern
Municipal
Water
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2012-61
Autumn
Winds,
Series
2020:
575
3.000%,
9/01/44
9/27
at
103.00
N/R
599,507
350
4.000%,
9/01/50
9/27
at
103.00
N/R
392,882
525
Eastern
Municipal
Water
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2015-71,
Promontory,
Series
2021,
4.000%,
9/01/45
9/28
at
103.00
N/R
599,718
Eastern
Municipal
Water
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-72
Hidden
Hills,
Series
2020:
465
3.000%,
9/01/45
9/27
at
103.00
N/R
483,939
525
4.000%,
9/01/50
9/27
at
103.00
N/R
589,323
El
Dorado
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
18-1
Bass
Lake
Hills,
Series
2021:
425
4.000%,
9/01/46
9/28
at
103.00
N/R
482,945
1,660
4.000%,
9/01/51
9/28
at
103.00
N/R
1,881,095
250
El
Dorado
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2005-2,
Series
2006,
5.100%,
9/01/36
3/22
at
100.00
N/R
252,165
19
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
Elk
Grove
Finance
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2020:
$
1,385
4.000%,
9/01/45
9/26
at
103.00
N/R
$
1,537,627
1,750
4.000%,
9/01/50
9/26
at
103.00
N/R
1,936,830
Elsinore
Valley
Municipal
Water
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2020-1
Horsethief
Area
1A,
Series
2021A:
845
4.000%,
9/01/41,
144A
9/28
at
103.00
N/R
884,749
1,245
4.000%,
9/01/51,
144A
9/28
at
103.00
N/R
1,284,230
Elsinore
Valley
Municipal
Water
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2020-1
Horsethief
Improvement
Area
2A,
Series
2021A:
780
4.000%,
9/01/41,
144A
9/28
at
103.00
N/R
816,691
1,160
4.000%,
9/01/51,
144A
9/28
at
103.00
N/R
1,196,552
430
Fairfield,
California,
Special
Tax
Bonds,
Community
Facilities
District
2007-
1
Fairfield
Commons
Project,
Series
2008,
6.875%,
9/01/38
3/22
at
100.00
N/R
436,708
2,530
Fillmore,
California,
Special
Tax
Bonds,
Community
Facilities
District
5,
Improvement
Area,
Series
2015A,
5.000%,
9/01/45
9/23
at
102.00
N/R
2,716,739
Folsom
Ranch
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Folsom
Community
Facilities
District
19
Mangini
Ranch,
Series
2019:
1,140
5.000%,
9/01/44
9/26
at
103.00
N/R
1,330,619
1,000
5.000%,
9/01/49
9/26
at
103.00
N/R
1,162,640
1,000
Folsom
Ranch
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Folsom
Community
Facilities
District
21
White
Rock
Springs
Ranch,
Series
2019,
5.000%,
9/01/49
9/26
at
103.00
N/R
1,161,640
Folsom
Ranch
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Folsom
Community
Facilities
District
23
Folsom
Ranch
Improvement
Area
1,
Series
2020:
1,075
4.000%,
9/01/45
9/27
at
103.00
N/R
1,203,043
1,145
4.000%,
9/01/50
9/27
at
103.00
N/R
1,278,656
2,785
Folsom
Ranch
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2017,
5.000%,
9/01/47
9/27
at
100.00
N/R
3,241,072
Folsom,
California,
Special
Tax
Bonds,
Community
Facilities
District
16
Islands
at
Parkshore
Improvement
Area
1,
Series
2018:
500
4.000%,
9/01/43
12/21
at
103.00
N/R
515,775
1,545
4.000%,
9/01/48
12/21
at
103.00
N/R
1,593,590
495
Fontana
Public
Facilities
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Refunding
Subordinate
Series
2021B,
4.000%,
9/01/43
9/28
at
103.00
N/R
567,899
Fontana,
California,  Special
Tax
Bonds,
Community
Facilities
District
90,
Summit
at
Rosena
Phase
One,
Series
2021:
525
4.000%,
9/01/41
9/28
at
103.00
N/R
604,806
475
4.000%,
9/01/46
9/28
at
103.00
N/R
542,673
600
4.000%,
9/01/51
9/28
at
103.00
N/R
682,764
800
Fontana,
California,
Special
Tax
Bonds,
Community
Facilities
District
87
El
Paseo,
Series
2021,
4.000%,
9/01/51
9/28
at
103.00
N/R
906,552
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Tender
Option
Bond
Trust
2015-XF1038:
3,750
17.608%,
6/01/45,
144A,
(IF)(4)
6/25
at
100.00
A+
6,124,950
500
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Series
2012B-1,
5.000%,
1/01/42
1/22
at
100.00
BB
501,920
Hercules
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merged
Project
Area,
Series
2005:
820
5.000%,
8/01/25
-
AMBAC
Insured
12/21
at
100.00
N/R
822,673
1,000
5.000%,
8/01/35
-
AMBAC
Insured
12/21
at
100.00
N/R
1,001,880
Hercules
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merged
Project
Area,
Series
2007A:
365
4.625%,
8/01/37
-
AMBAC
Insured
12/21
at
100.00
N/R
365,544
745
4.750%,
8/01/42
-
AMBAC
Insured
12/21
at
100.00
N/R
746,185
150
5.000%,
8/01/42
-
AMBAC
Insured
12/21
at
100.00
N/R
150,286
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
20
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
$
1,035
Imperial,
California,
Special
Tax
Bonds,
Community
Facilities
District
2005-
1
Springfield,
Series
2015A,
5.000%,
9/01/36
9/25
at
100.00
N/R
$
1,158,765
155
Indio
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merged
Area
Redevelopment
Project,
Subordinate
Lien
Refunding
Series
2008A,
5.250%,
8/15/28
12/21
at
100.00
A
155,648
745
Irvine,
California,
Special
Tax
Bonds,
Community
Facilities
District
2004-1
Central
Park,
Series
2015A,
5.000%,
9/01/45
9/25
at
100.00
N/R
842,297
500
Irvine,
California,
Special
Tax
Bonds,
Community
Facilities
District
2013-
3
Great
Park,
Improvement
Area
1,
Refunding
Series
2014,
5.000%,
9/01/39
9/24
at
100.00
N/R
551,555
Jurupa
Community
Services
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
45
Jurupoa
Valley,
Series
2020A:
1,000
4.000%,
9/01/42
9/27
at
103.00
N/R
1,136,500
1,375
4.000%,
9/01/49
9/27
at
103.00
N/R
1,550,931
3,380
Jurupa
Unified
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
9,
Series
2015A,
5.000%,
9/01/45
9/25
at
100.00
N/R
3,780,699
1,220
Lake
Elsinore
Unified
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2004-2,
Series
2005,
5.350%,
9/01/35
3/22
at
100.00
N/R
1,231,419
1,000
Lake
Elsinore
Unified
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-2
Improvement
Area
B,
Series
2018,
4.000%,
9/01/48
9/24
at
100.00
N/R
1,049,800
600
Lake
Elsinore
Unified
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2007-2,
Series
2021,
4.000%,
9/01/50
9/28
at
103.00
N/R
678,006
Lake
Elsinore
Unified
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2013-1,
Series
2017:
800
4.000%,
9/01/42
9/24
at
103.00
N/R
865,688
1,000
4.000%,
9/01/47
9/24
at
103.00
N/R
1,078,720
1,000
Lake
Elsinore,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1
Summerly
Improvement
Area
II,
Series
2020,
4.000%,
9/01/45
9/27
at
103.00
N/R
1,120,850
Lake
Elsinore,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1
Summerly
Improvement
Area
KK,
Series
2021:
400
4.000%,
9/01/46
9/28
at
103.00
N/R
452,100
430
4.000%,
9/01/51
9/28
at
103.00
N/R
484,950
2,995
Lammersville
Joint
Unified
School
District,
San
Joaquin
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2002
Mountain
House,
Series
2013,
5.000%,
9/01/37
9/22
at
100.00
N/R
3,072,001
2,000
Lammersville
School
District,
California,
Special
Tax
Refunding
Bonds,
Community
Facilities
District
2002
Mountain
House,
Series
2012,
5.375%,
9/01/32
9/22
at
100.00
N/R
2,057,060
4,170
Lathrop,
California,
Limited
Obligation
Improvement
Bonds,
Crossroads
Assessment
District,
Series
2015,
5.000%,
9/02/40
9/25
at
100.00
N/R
4,687,664
Lathrop,
California,
Special
Tax
Bonds,
Community
Facilities
District
2018-1,
Central
Lathrop
Specific
Plan
Improvement
Areas
1-5
Special
Tax
Bonds,
Series
2019:
605
5.650%,
9/01/38
9/26
at
103.00
N/R
659,262
970
5.750%,
9/01/43
9/26
at
103.00
N/R
1,058,949
Lee
Lake
Public
Financing
Authority,
California,
Junior
Lien
Revenue
Bonds,
Series
2013B:
785
5.125%,
9/01/28
9/23
at
100.00
N/R
835,813
395
5.250%,
9/01/32
9/23
at
100.00
N/R
420,817
Lincoln,
California,
Special
Tax
Bonds,
Community
Facilities
District
2005-1
Sorrento
Project,
Series
2014A:
925
5.000%,
9/01/39
9/24
at
100.00
N/R
1,011,950
1,815
5.000%,
9/01/43
9/24
at
100.00
N/R
1,979,820
2,615
Los
Alamitos
Unified
School
District,
Orange
County,
California,
Certificates
of
Participation,
Series
2012,
0.000%,
8/01/42(7)
8/29
at
100.00
Aa3
2,982,538
1,675
Lower
Magnolia
Green
Community
Development
Authority,
Virginia,
Special
Assessment
Bonds,
Series
2015,
5.000%,
3/01/45,
144A
3/25
at
100.00
N/R
1,759,805
1,275
Lynwood
Redevelopment
Agency,
California,
Tax
Allocation
Revenue
Bonds,
Project
Area
A,
Subordinate
Lien
Series
2011A,
7.250%,
9/01/38
12/21
at
100.00
A
1,281,311
21
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
$
2,022
Manteca
Unified
School
District,
San
Joaquin
County,
California,
Certificates
of
Participation,
Series
2004,
0.000%,
9/15/33
-
NPFG
Insured
No
Opt.
Call
Baa2
$
1,587,877
450
Marina
Redevelopment
Agency
Successor
Agency,
California,
Housing
Tax
Allocation
Bonds,
Series
2018B,
5.000%,
9/01/38
9/25
at
103.00
N/R
514,976
Menifee
Union
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1,
Series
2014:
500
4.125%,
9/01/39
3/22
at
103.00
N/R
517,715
500
4.250%,
9/01/44
3/22
at
103.00
N/R
517,825
1,000
Menifee
Union
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2014-2,
Series
2017,
5.000%,
9/01/47
9/24
at
103.00
N/R
1,112,730
Menifee
Union
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilties
District
2011-1,
Improvement
Area
1,
Series
2015:
2,000
5.000%,
9/01/39
9/24
at
100.00
N/R
2,185,740
500
4.250%,
9/01/44
9/24
at
100.00
N/R
529,565
1,000
5.000%,
9/01/44
9/24
at
100.00
N/R
1,088,870
Menifee
Union
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilties
District
2011-1,
Improvement
Area
6,
Series
2021:
445
4.000%,
9/01/36
9/28
at
103.00
N/R
514,968
660
4.000%,
9/01/41
9/28
at
103.00
N/R
759,871
875
4.000%,
9/01/46
9/28
at
103.00
N/R
999,066
1,025
4.000%,
9/01/50
9/28
at
103.00
N/R
1,166,604
1,110
Menifee
Union
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilties
District
2016-1,
Improvement
Area
B,
Series
2016,
4.000%,
9/01/49
9/27
at
103.00
N/R
1,252,025
Merced
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merced
Redevelopment
Project
2,
Series
2003A:
1,890
0.000%,
12/01/21
-
AMBAC
Insured
No
Opt.
Call
N/R
1,890,000
1,055
0.000%,
12/01/23
-
AMBAC
Insured
No
Opt.
Call
N/R
1,038,426
835
Moorpark,
California,
Special
Tax
Bonds,
Community
Facilities
District
2004-1,
Refunding
Junior
Lien
Series
2014B,
5.000%,
9/01/33
9/24
at
100.00
N/R
914,759
3,000
Moreno
Valley
Unified
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
Election
of
2014,
Series
2021C,
3.000%,
8/01/46
-
BAM
Insured,
(UB)(4)
8/31
at
100.00
Aa3
3,225,030
970
Moreno
Valley
Unified
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2015-2,
Series
2019,
5.000%,
9/01/48
9/25
at
103.00
N/R
1,096,488
1,085
Moreno
Valley
Unified
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2015-3,
Series
2019,
4.000%,
9/01/44
9/25
at
103.00
N/R
1,187,522
1,000
Moreno
Valley,
California,
Special
Tax
Bonds,
Community
Facilities
District
5,
Series
2007,
5.000%,
9/01/37
3/22
at
100.00
N/R
1,008,410
825
Murrieta,
California,
Special
Tax
Bonds,
Community
Facilities
District
2005-
5
Golden
City
Improvement
Area
A,
Series
2017,
5.000%,
9/01/46
9/27
at
100.00
N/R
960,341
Northstar
Community
Services
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
1,
Refunding
Series
2005:
990
2.180%,
9/01/28(5)
3/22
at
100.00
N/R
524,700
2,955
2.220%,
9/01/36(5)
3/22
at
100.00
N/R
1,566,150
2,500
Oakley
Public
Financing
Authority,
Contra
Costa
County,
California,  Revenue
Bonds,
Refundinf
Series
2014,
5.000%,
9/02/36
-
BAM
Insured
9/24
at
100.00
AA
2,788,800
1,250
Oceanside,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1,
Pacific
Coast
Business
Park,
Series
2017,
5.000%,
9/01/38
9/25
at
102.00
N/R
1,422,713
400
Ontario,
California,
Special
Tax
Bonds,
Community
Facilities
District
13
California
Commerce
Center-Phase
IV,
Refunding
Series
2016,
4.000%,
9/01/38
9/28
at
103.00
N/R
459,172
880
Ontario,
California,
Special
Tax
Bonds,
Community
Facilities
District
26
Park
Place
Facilities
III,
Series
2019,
5.000%,
9/01/47
9/26
at
103.00
N/R
1,020,290
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
22
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
$
1,200
Ontario,
California,
Special
Tax
Bonds,
Community
Facilities
District
28
New
Haven
Facilities
-
Area
A,
Series
2017,
5.000%,
9/01/47
9/24
at
103.00
N/R
$
1,329,756
1,170
Ontario,
California,
Special
Tax
Bonds,
Community
Facilities
District
30
New
Haven
Facilities
-
Area
B,
Series
2017,
4.000%,
9/01/48
9/24
at
103.00
N/R
1,261,716
Ontario,
California,
Special
Tax
Bonds,
Community
Facilities
District
46
Avenue
176
Facilities,
Series
2021:
300
4.000%,
9/01/45
9/28
at
103.00
N/R
341,262
500
4.000%,
9/01/51
9/28
at
103.00
N/R
566,255
1,375
Ontario,
California,
Special
Tax
Bonds,
Community
Facilities
District
53
Tevelde
Facilities,
Series
2021,
4.000%,
9/01/51
9/28
at
103.00
N/R
1,557,201
Palm
Desert,
California,
Special
Tax
Bonds,
Community
Facilities
District
2005-1
University
Park,
Refunding
Series
2021A:
195
4.000%,
9/01/30
9/28
at
103.00
N/R
225,500
220
4.000%,
9/01/33
9/28
at
103.00
N/R
252,798
250
4.000%,
9/01/36
9/28
at
103.00
N/R
286,035
Palm
Desert,
California,
Special
Tax
Bonds,
Community
Facilities
District
2021-1
University
Park,
Series
2021:
320
3.000%,
9/01/31
9/28
at
103.00
N/R
327,190
375
4.000%,
9/01/41
9/28
at
103.00
N/R
408,934
675
4.000%,
9/01/51
9/28
at
103.00
N/R
726,152
1,230
Palmdale
Community
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merged
Redevelopment
Project
Areas,
Series
2002,
0.000%,
12/01/30
-
AMBAC
Insured
No
Opt.
Call
AA-
1,056,914
3,730
Palo
Alto,
California,
Certificates
of
Participation,
Public
Safety
Building,
Series
2021,
2.125%,
11/01/43,
(UB)(4)
11/30
at
100.00
AA+
3,651,857
975
Patterson
Public
Finance
Authority,
California,
Revenue
Bonds,
Community
Facilities
District
2001-1,
Senior
Series
2013A,
5.750%,
9/01/39
9/23
at
100.00
N/R
1,044,518
1,050
Perris
Joint
Powers
Authority,
California,
Local
Agency
Revenue
Bonds,
Community
Facilities
District
2006-1,
Meritage
Homes,
Refunding
Series
2014B,
5.000%,
9/01/38
9/23
at
100.00
N/R
1,111,488
1,140
Perris
Joint
Powers
Authority,
California,
Local
Agency
Revenue
Bonds,
Community
Facilities
District
2007-2,
Pacific
Heritage,
Series
2020,
4.000%,
9/01/48
9/27
at
103.00
N/R
1,265,651
Pittsburg
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Los
Medanos
Community
Development
Project,
Series
1999:
2,990
0.000%,
8/01/27
-
AMBAC
Insured
No
Opt.
Call
A
2,806,294
2,500
0.000%,
8/01/28
-
AMBAC
Insured
No
Opt.
Call
A
2,298,725
1,260
Poway
Unified
School
District
Public
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Refunding
Series
2015B,
4.000%,
9/01/36
-
BAM
Insured
9/25
at
100.00
AA+
1,405,946
2,750
Puerto
Rico
Highway
and
Transportation
Authority,
Highway
Revenue
Bonds,
Series
2005L,
5.250%,
7/01/38
-
AMBAC
Insured
No
Opt.
Call
N/R
2,823,315
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
68,732
0.000%,
7/01/46
7/28
at
41.38
N/R
22,983,981
29,000
0.000%,
7/01/51
7/28
at
30.01
N/R
7,019,160
1,000
4.750%,
7/01/53
7/28
at
100.00
N/R
1,133,310
2,000
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
Cofina
Project
Series
2018B-1,
4.750%,
7/01/53
7/28
at
100.00
N/R
2,266,620
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2:
13,105
4.329%,
7/01/40
7/28
at
100.00
N/R
14,710,362
1,000
4.784%,
7/01/58
7/28
at
100.00
N/R
1,135,360
Rancho
Cardova,
California,
Special
Tax
Bonds,
Community
Facilities
District
2005-1
Sunridge
North
Douglas
Series
2015:
1,200
5.000%,
9/01/40
9/25
at
100.00
N/R
1,346,064
1,250
5.000%,
9/01/45
9/25
at
100.00
N/R
1,394,337
1,190
Rancho
Cardova,
California,
Special
Tax
Bonds,
Community
Facilities
District
2005-1
Sunridge
North
Douglas
Series
2018,
4.000%,
9/01/42
9/24
at
103.00
N/R
1,285,688
23
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
$
3,000
Rancho
Cordova,
California,
Special
Tax
Bonds,
Community
Facilities
District
2003-1
Sunridge
Anatolia
Area,
Junior
Lien
Series
2014,
5.650%,
10/01/38
12/21
at
100.00
N/R
$
3,009,660
Rancho
Cordova,
California,
Special
Tax
Bonds,
Community
Facilities
District
2014-1
Montelena,
Series
2021:
500
4.000%,
9/01/37
9/28
at
103.00
N/R
575,145
400
4.000%,
9/01/41
9/28
at
103.00
N/R
458,052
590
4.000%,
9/01/46
9/28
at
103.00
N/R
670,039
500
4.000%,
9/01/50
9/28
at
103.00
N/R
566,360
Rancho
Cordova,
California,
Special
Tax
Bonds,
Community
Facilities
District
2018-1
Grantline
208,
Series
2019:
410
5.000%,
9/01/44
9/26
at
103.00
N/R
475,899
530
5.000%,
9/01/49
9/26
at
103.00
N/R
613,300
Redwood
City
Public
Facilities
and
Infrastructure
Authority,
San
Mateo,
California,
Lease
Revenue
Bonds,
Veterans
Memorial
Building/Senior
Center,
Series
2021:
4,000
3.000%,
6/01/46,
(UB)(4)
6/31
at
100.00
AA+
4,291,880
2,500
3.000%,
6/01/51,
(UB)(4)
6/31
at
100.00
AA+
2,667,700
Redwood
City
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Project
Area
2,
Series
2003A:
1,755
0.000%,
7/15/29
-
AMBAC
Insured
No
Opt.
Call
A
1,570,076
1,260
0.000%,
7/15/31
-
AMBAC
Insured
No
Opt.
Call
A
1,071,680
1,185
Rio
Vista,
California,
Special
Tax
Bonds,
Community
Faciliites
District
2018-
1
Liberty
Community,
Series
2018-1,
5.000%,
9/01/48
9/25
at
103.00
N/R
1,353,009
4,000
River
Islands
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2019-1
Phase
2
Public
Improvements,
Series
2021,
4.000%,
9/01/51
9/28
at
103.00
N/R
4,441,720
1,250
Riverside
County
Asset
Leasing
Corporation,
California,
Lease
Revenue
Bonds,
Capital
Project,
Tender
Option
Bond
Trust
2015-XF1020,
18.910%,
11/01/45,
144A,
(IF)(4)
11/25
at
100.00
A+
2,172,875
1,295
Riverside
County
Asset
Leasing
Corporation,
California,
Leasehold
Revenue
Bonds,
Riverside
County
Hospital
Project,
Series
1997,
0.000%,
6/01/26
-
NPFG
Insured
No
Opt.
Call
A1
1,232,076
2,115
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
03-1
Newport
Road,
Series
2014,
5.000%,
9/01/30
9/24
at
100.00
N/R
2,328,848
870
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
04-2
Lake
Hill
Crest,
Series
2012,
5.000%,
9/01/35
9/22
at
100.00
N/R
893,786
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
05-8
Scott
Road,
Series
2013:
660
5.000%,
9/01/32
9/22
at
100.00
N/R
678,150
3,410
5.000%,
9/01/42
9/22
at
100.00
N/R
3,500,297
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
07-2
Clinton
Keith,
Series
2017:
1,000
5.000%,
9/01/42
9/27
at
100.00
N/R
1,178,650
535
5.000%,
9/01/45
9/27
at
100.00
N/R
627,459
Riverside
Unified
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
32,
Series
2020:
415
4.000%,
9/01/45
9/27
at
103.00
N/R
467,082
875
4.000%,
9/01/50
9/27
at
103.00
N/R
982,205
Rocklin
Unified
School
District,
Placer
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2,
Series
2007:
1,010
0.000%,
9/01/34
-
NPFG
Insured
No
Opt.
Call
Baa2
785,911
1,155
0.000%,
9/01/35
-
NPFG
Insured
No
Opt.
Call
Baa2
872,845
840
Rocklin,
Placer
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
10
Whitney
Ranch,
Series
2015,
5.000%,
9/01/39
9/25
at
100.00
N/R
941,044
935
Rohnert
Park
Community
Development
Agency,
California,
Tax
Allocation
Bonds,
Series
1999,
0.000%,
8/01/33
No
Opt.
Call
Baa2
750,936
3,775
Romoland
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2004-1
Heritage
Lake
Improvement
Area
3,
Series
2013,
5.000%,
9/01/43
9/23
at
100.00
N/R
3,990,703
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
24
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
$
1,120
Romoland
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1,
Series
2017,
5.000%,
9/01/44
9/27
at
100.00
N/R
$
1,313,133
820
Romoland
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
91-1,
Series
2017,
5.000%,
9/01/41
9/27
at
100.00
N/R
965,689
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Hewlett
Parkard
Campus
Oaks,
Series
2016:
950
5.000%,
9/01/36
9/26
at
100.00
N/R
1,090,856
2,640
5.500%,
9/01/46
9/26
at
100.00
N/R
3,055,536
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Sierra
Vista
Villages,
Series
2020:
490
4.000%,
9/01/45
9/27
at
103.00
N/R
548,364
650
4.000%,
9/01/50
9/27
at
103.00
N/R
725,497
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
SVSP
Westpark-Federico,
Series
2019:
500
5.000%,
9/01/44
9/26
at
103.00
N/R
576,895
700
5.000%,
9/01/49
9/26
at
103.00
N/R
804,832
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Villages
at
Sierra
Vista,
Series
2021:
225
4.000%,
9/01/37
9/28
at
103.00
N/R
258,971
305
4.000%,
9/01/41
9/28
at
103.00
N/R
348,639
520
4.000%,
9/01/46
9/28
at
103.00
N/R
589,836
720
4.000%,
9/01/51
9/28
at
103.00
N/R
813,463
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Westbrook,
Series
2014:
1,100
5.000%,
9/01/34
9/24
at
100.00
N/R
1,204,214
1,880
5.000%,
9/01/39
9/24
at
100.00
N/R
2,051,400
1,395
5.000%,
9/01/44
9/24
at
100.00
N/R
1,520,159
5,500
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
5
Fiddyment
Ranch
Public
Facilities,
Series
2017,
5.000%,
9/01/47,
144A
9/27
at
100.00
N/R
6,410,415
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
5
Fiddyment
Ranch
Public
Facilities,
Series
2021:
750
4.000%,
9/01/41
9/28
at
103.00
N/R
856,792
2,000
4.000%,
9/01/50
9/28
at
103.00
N/R
2,261,380
230
Sabal
Palm
Community
Development
District,
Florida,
Special
Assessment
Bonds,
Series
2016,
5.500%,
11/01/46
11/26
at
100.00
N/R
256,305
1,510
Sacramento
City
Financing
Authority
California,
Lease
Revenue
Bonds,
Master
Lease
Program
Facilities
Projects,
Tender
Option
Bond
Trust
2016-XG0100,
19.330%,
12/01/33
-
AMBAC
Insured,
144A,
(IF)(4)
No
Opt.
Call
AA-
3,876,336
Sacramento
City
Financing
Authority,
California,
Tax
Allocation
Revenue
Bonds,
Merged
Downtown
Sacramento
and
Oak
Park
Projects,
Series
2005A:
4,295
0.000%,
12/01/31
-
FGIC
Insured
No
Opt.
Call
Baa2
3,595,388
4,435
0.000%,
12/01/32
-
FGIC
Insured
No
Opt.
Call
Baa2
3,624,459
1,950
Sacramento
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-2
Florin
Vineyard
1,
Series
2018,
4.000%,
9/01/48
9/25
at
103.00
N/R
2,136,654
300
Sacramento,
California,
Special
Tax
Bonds,
Community
Facilities
District
05-1
College
Square,
Series
2007,
5.900%,
9/01/37
3/22
at
100.00
N/R
303,231
Sacramento,
California,
Special
Tax
Bonds,
North
Natomas
Community
Facilities
District
7,
Series
2017-01:
710
5.000%,
9/01/37,
144A
9/24
at
103.00
N/R
792,885
1,900
5.000%,
9/01/47,
144A
9/24
at
103.00
N/R
2,107,081
428
Saint
Louis,
Missouri,
Tax
Increment
Financing
Revenue
Bonds,
Grace
Lofts
Redevelopment
Projects,
Series
2007A,
3.300%,
12/31/26
No
Opt.
Call
N/R
53,500
405
San
Bernardino
County
Financing
Authority,
California,
Revenue
Bonds,
Courthouse
Facilities
Project,
Series
2007,
5.500%,
6/01/37
-
NPFG
Insured
No
Opt.
Call
Baa2
478,435
550
San
Bernardino
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1
Lytle
Creek
North
Improvement
Area
1,
Series
2015,
5.000%,
9/01/40
9/25
at
100.00
N/R
617,589
14,815
San
Francisco
Bay
Area
Rapid
Transit
District,
California,
Sales
Tax
Revenue
Bonds,
Series
2019A,
3.000%,
7/01/44,
(UB)(4)
7/27
at
100.00
AA
15,661,529
25
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
$
910
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Special
Tax
Bonds,
Community
Facilities
District
7,
Hunters
Point
Shipyard
Phase
One
Improvements,
Refunding
Series
2014,
5.000%,
8/01/39
8/24
at
100.00
N/R
$
977,158
1,250
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Tax
Allocation
Bonds,
Mission
Bay
South
Redevelopment
Project,
Series
2014A,
5.000%,
8/01/43
8/24
at
100.00
A-
1,386,800
22,610
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Tax
Allocation
Bonds,
Mission
Bay
South
Redevelopment
Project,
Subordinate
Series
2016D,
0.000%,
8/01/43,
144A
12/21
at
34.44
N/R
7,769,700
San
Francisco
City
and
County,
California,
Development
Special
Tax
Bonds,
Mission
Rock
Facilities
&
Services
Special
Tax
District
2020-1,
Series
2021A:
850
4.000%,
9/01/41,
144A
9/28
at
103.00
N/R
972,196
1,300
4.000%,
9/01/46,
144A
9/28
at
103.00
N/R
1,475,474
San
Francisco
City
and
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-1
Treasure
Island
Improvement
Area
1,
Series
2020:
775
4.000%,
9/01/42
9/27
at
103.00
N/R
878,052
1,450
4.000%,
9/01/50
9/27
at
103.00
N/R
1,630,191
1,000
San
Francisco
City
and
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-1
Treasure
Island
Improvement
Area
1,
Series
2021,
4.000%,
9/01/46
9/27
at
103.00
N/R
1,127,380
1,000
San
Jacinto
Unified
School
District,
California,
Community
Facilities
District
2003-1
Infrastructure
Projects,
Series
2016,
3.375%,
9/01/46
3/22
at
103.00
N/R
1,032,610
San
Luis
Obispo,
California,
Special
Tax
Bonds,
Community
Facilities
District
2019-1
San
Luis
Ranch
Series
2021:
730
4.000%,
9/01/46
9/28
at
103.00
N/R
833,507
950
4.000%,
9/01/51
9/28
at
103.00
N/R
1,081,043
935
San
Mateo
County
Joint
Powers
Financing
Authority,
California,
Lease
Revenue
Bonds,
Cordilleras
Mental
Health
Center,
Series
2021A-1,
2.500%,
6/15/55,
(UB)(4)
6/31
at
100.00
AA+
917,656
Santa
Ana
Financing
Authority,
California,
Lease
Revenue
Bonds,
Police
Administration
and
Housing
Facility,
Series
1994A:
160
6.250%,
7/01/24
No
Opt.
Call
Baa2
174,917
1,000
South
Tahoe
Joint
Powers
Financing
Authority,
California,
Revenue
Bonds,
South
Tahoe
Redevelopment
Project
Area
1,
Series
2014A,
4.000%,
10/01/34
-
AGM
Insured
10/24
at
100.00
AA
1,077,680
Stockton,
California,
Special
Tax
Bonds,
Community
Facilities
District
2018-2
Westlake
Villages
II
Improvement
Area
1,
Series
2021:
1,235
4.000%,
9/01/46
9/27
at
103.00
N/R
1,373,703
2,045
4.000%,
9/01/51
9/27
at
103.00
N/R
2,269,234
1,335
Sulphur
Springs
Union
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1,
Series
2018,
5.000%,
9/01/43
9/24
at
103.00
N/R
1,491,849
Tejon
Ranch
Public
Facilities
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2000-1,
Tejon
Industrial
Complex
Public
Improvements,
Refunding
Series
2012:
1,635
5.500%,
9/01/30
9/22
at
100.00
N/R
1,685,799
500
5.500%,
9/01/33
9/22
at
100.00
N/R
515,095
4,000
Tejon
Ranch
Public
Facilities
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2008-1
Tejon
Industrial
Complex
East
2012B,
5.250%,
9/01/42
3/23
at
100.00
N/R
4,173,280
2,000
Tejon
Ranch
Public
Facilities
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2008-1,
Tejon
Industrial
Complex
Public
Improvements-East,
Series
2015A,
5.000%,
9/01/45
9/25
at
100.00
N/R
2,240,200
4,750
Tejon
Ranch
Public
Facilities
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2008-1,
Tejon
Industrial
Complex
Public
Improvements-East,
Series
2020,
4.000%,
9/01/50
9/27
at
103.00
N/R
5,298,957
1,055
Temecula
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
16-01,
Series
2017,
6.250%,
9/01/47,
144A
9/27
at
100.00
N/R
1,179,648
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
26
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
$
400
Temecula
Valley
Unified
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2011-1,
Series
2014,
4.250%,
9/01/44
3/22
at
103.00
N/R
$
414,240
Three
Rivers
Levee
Improvement
Authority,
California,
Special
Tax
Revenue
Bonds,
Community
Facilities
District
2006-1,
Refunding
Series
2021A:
1,340
4.000%,
9/01/46
9/28
at
103.00
N/R
1,529,999
1,000
4.000%,
9/01/51
9/28
at
103.00
N/R
1,133,190
Tracy,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-1
Tracy
Hills,  Improvement
Area
1,
Series
2019:
1,285
5.000%,
9/01/44
9/25
at
103.00
N/R
1,464,026
1,875
5.000%,
9/01/49
9/25
at
103.00
N/R
2,129,475
605
Tustin,
California,
Special
Tax
Bonds,
Community
Facilities
District
06-1
Tustin
Legacy/Columbus
Villages,
Refunding
Series
2015A,
5.000%,
9/01/37
9/25
at
100.00
A-
694,673
Upland,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-1
Improvement
Area2
Harvest
at
Upland,
Series
2021A:
165
4.000%,
9/01/45
9/30
at
100.00
N/R
187,823
260
4.000%,
9/01/51
9/30
at
100.00
N/R
294,546
700
Victor
Valley
Union
High
School
District,
San
Bernardino
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2007-1,
Series
2013,
5.000%,
9/01/43
9/23
at
100.00
N/R
740,243
1,000
Virgin
Islands
Public
Finance
Authority,
Gross
Receipts
Taxes
Loan
Note,
Refunding
Series
2014C,
5.000%,
10/01/39
10/24
at
100.00
N/R
988,260
100
Virgin
Islands
Public
Finance
Authority,
Matching
Fund
Loan
Notes
Revenue
Bonds,
Series
2012A,
5.000%,
10/01/27
10/22
at
100.00
Caa2
100,006
2,000
Virgin
Islands
Public
Finance
Authority,
Matching
Fund
Loan
Notes
Revenue
Bonds,
Subordinate
Lien
Series
2010B,
5.250%,
10/01/29
12/21
at
100.00
Caa3
1,983,120
Virgin
Islands
Public
Finance
Authority,
Matching
Fund
Revenue
Loan
Note
-
Diageo
Project,
Series
2009A:
2,975
6.625%,
10/01/29
12/21
at
100.00
Caa3
3,001,269
1,800
6.750%,
10/01/37
12/21
at
100.00
Caa3
1,815,894
West
Patterson
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2015-1
Arambel-
KDN,
Refunding
Series
2015:
350
5.250%,
9/01/35
9/25
at
100.00
N/R
391,829
785
5.250%,
9/01/45
9/25
at
100.00
N/R
872,763
3,585
West
Sacramento
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2014,
5.500%,
9/01/31
9/22
at
102.00
N/R
3,765,397
2,805
West
Sacramento,
California,
Special
Tax
Bonds,
Community
Facilities
District
27
Bridge
District,
Refunding
Series
2016,
5.000%,
9/01/40
9/26
at
100.00
N/R
3,198,289
7,760
West
Sacramento,
California,
Special
Tax
Bonds,
Community
Facilities
District
27
Bridge
District,
Series
2017,
5.000%,
9/01/47
9/27
at
100.00
N/R
8,966,835
2,155
Western
Placer
Unified
School
District,
Placer
County,
California,
Certificates
of
Participation,
Refinancing
Project,
Series
2017,
4.000%,
8/01/49
-
AGM
Insured,
(UB)(4)
8/27
at
100.00
AA
2,375,327
Westside
Union
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2018-1
Improvement
Area
1,
Series
2021:
365
4.000%,
9/01/46
9/28
at
103.00
N/R
412,541
490
4.000%,
9/01/51
9/28
at
103.00
N/R
553,279
1,445
William
S.
Hart
Union
High
School
District,
Los
Angeles
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2015-1,
Series
2017,
5.000%,
9/01/47
9/26
at
100.00
N/R
1,638,139
1,865
Woodland,
California,
Special
Tax
Bonds,
Community
Facilities
District
2004-1
Spring
Lake,
Refunding
&
Capital
Projects
Series
2016,
4.000%,
9/01/45
9/26
at
100.00
N/R
2,022,593
290
Yorkville
United
City
Business
District,
Illinois,
Storm
Water
and
Water
Improvement
Project
Revenue
Bonds,
Series
2007,
4.800%,
1/01/27(5)
12/21
at
100.00
N/R
118,900
567,162
Total
Tax
Obligation/Limited
521,149,249
27
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Transportation
-
11.6%
$
4,000
Bay
Area
Toll
Authority,
California,
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Subordinate
Fixed
Rate
Series
2017S-7,
4.000%,
4/01/49,
(UB)(4)
4/27
at
100.00
A1
$
4,583,960
7,465
Bay
Area
Toll
Authority,
California,
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Subordinate
Series
2019S-8,
3.000%,
4/01/54,
(UB)(4)
10/29
at
100.00
A1
7,885,130
16,255
California
Municipal
Finance
Authority,
Special
Facility
Revenue
Bonds,
United
Airlines,
Inc.
Los
Angeles
International
Airport
Project,
Series
2019,
4.000%,
7/15/29,
(AMT)
No
Opt.
Call
B+
18,585,479
10,000
Florida
Development
Finance
Corporation,
Florida,
Surface
Transportation
Facility
Revenue
Bonds,
Brightline
Passenger
Rail
Project,
Green
Series
2019B,
7.375%,
1/01/49,
(AMT),
144A
1/24
at
107.00
N/R
10,907,900
5,000
Florida
Development
Finance
Corporation,
Florida,
Surface
Transportation
Facility
Revenue
Bonds,
Virgin
Trains
USA
Passenger
Rail
Project
,
Series
2019A,
6.375%,
1/01/49,
(AMT),
(Mandatory
Put
1/1/2026),
144A
12/21
at
104.00
N/R
5,114,350
2,993
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Junior
Lien
Series
2021C,
4.000%,
1/15/33
1/31
at
100.00
BBB-
3,567,656
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Senior
Lien
Series
2015A:
6,255
0.000%,
1/15/33
No
Opt.
Call
Baa2
5,082,000
3,000
0.000%,
1/15/35
-
AGM
Insured
No
Opt.
Call
BBB
2,287,650
5,000
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021A,
4.000%,
1/15/46,
(UB)(4)
1/31
at
100.00
Baa2
5,840,400
1,054
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021A,
4.000%,
1/15/46(4)
1/31
at
100.00
Baa2
1,231,156
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Series
2013A:
5,000
0.000%,
1/15/37
-
AGM
Insured
No
Opt.
Call
BBB
3,595,650
1,775
5.000%,
1/15/42
-
AGM
Insured
1/24
at
100.00
BBB
1,930,898
6,095
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Term
Rate
Series
2013B-2,
3.500%,
1/15/53
-
AGM
Insured,
(UB)(4)
7/29
at
100.00
A2
6,814,393
8,505
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Term
Rate
Sub-Series
2013B-1,
3.950%,
1/15/53
7/27
at
100.00
Baa2
9,390,285
Guam
A.B.
Won
Pat  International
Airport
Authority,
Revenue
Bonds,
Series
2013C:
450
6.250%,
10/01/34,
(AMT)
10/23
at
100.00
Baa2
487,669
90
6.125%,
10/01/43
-
AGM
Insured,
(AMT)
10/23
at
100.00
Baa2
98,212
Guam
Port
Authority,
Port
Revenue
Bonds,
Private
Activity
Series
2018B:
250
5.000%,
7/01/36,
(AMT)
7/28
at
100.00
Baa2
293,627
400
5.000%,
7/01/37,
(AMT)
7/28
at
100.00
Baa2
468,724
10,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2018A,
5.000%,
5/15/44,
(AMT),
(UB)(4)
5/28
at
100.00
A+
12,182,400
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2019F:
10,000
3.000%,
5/15/49,
(AMT),
(UB)(4)
5/29
at
100.00
A+
10,493,000
13,800
4.000%,
5/15/49,
(AMT),
(UB)(4)
5/29
at
100.00
A+
15,787,476
5,685
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2021D,
4.000%,
5/15/51,
(AMT),
(UB)(4)
11/31
at
100.00
N/R
6,654,406
3,670
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Second
Lien
Bonds,
RCTC
91
Express
Lanes,
Refunding
Series
2021C,
4.000%,
6/01/47,
(UB)(4)
6/31
at
100.00
N/R
4,291,111
3,000
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Senior
Lien
Bonds,
RCTC
91
Express
Lanes,
Refunding
Series
2021B-1,
4.000%,
6/01/46,
(UB)(4)
6/31
at
100.00
N/R
3,540,360
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
28
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Transportation
(continued)
$
5,000
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Subordinate
Series
2019B,
4.000%,
7/01/44,
(AMT),
(UB)(4)
7/29
at
100.00
A-
$
5,724,550
2,500
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Subordinate
Series
2021B,
4.000%,
7/01/46,
(AMT),
(UB),
(WI/
DD,
Settling
12/08/21)
7/31
at
100.00
N/R
2,915,125
7,590
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019A,
5.000%,
5/01/44,
(AMT),
(UB)(4)
5/29
at
100.00
A
9,336,383
20,460
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019E,
4.000%,
5/01/50,
(AMT),
(UB)(4)
5/29
at
100.00
A
23,311,510
1,290
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Tender
Option
Bond
Trust
Series
2015-
XF1032,
17.503%,
5/01/44,
144A,
(IF)(4)
5/24
at
100.00
A
1,819,726
2,000
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Toll
Road
Revenue
Bonds,
Refunding
Junior
Lien
Series
2014B,
5.250%,
1/15/49
1/25
at
100.00
BBB-
2,225,300
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Toll
Road
Revenue
Bonds,
Refunding
Senior
Lien
Series
2014A:
2,250
5.000%,
1/15/44
1/25
at
100.00
BBB
2,517,210
1,650
5.000%,
1/15/50
1/25
at
100.00
BBB
1,842,456
50
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Toll
Road
Revenue
Bonds,
Refunding
Series
1997A,
0.000%,
1/15/31
-
NPFG
Insured
No
Opt.
Call
Baa2
42,584
172,532
Total
Transportation
190,848,736
U.S.
Guaranteed
-
4.0%
(8)
3,000
ABAG
Finance
Authority
for
Nonprofit
Corporations,
California,
Revenue
Bonds,
Episcopal
Senior
Communities,
Refunding
Series
2012A,
5.000%,
7/01/47,
(Pre-refunded
7/01/22)
7/22
at
100.00
A-
3,084,270
Anaheim
Public
Financing
Authority,
California,
Lease
Revenue
Bonds,
Public
Improvement
Project,
Series
1997C:
2,320
0.000%,
9/01/35
-
AGM
Insured,
(ETM)
No
Opt.
Call
AA
1,871,753
1,030
Beaumont
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Improvement
Area
17A,
Series
2013B,
5.000%,
9/01/34,
(Pre-refunded
9/01/23)
9/23
at
100.00
N/R
1,114,254
1,000
Beaumont
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Improvement
Area
20
Series
2012B,
5.950%,
9/01/35,
(Pre-refunded
9/01/22)
9/22
at
100.00
N/R
1,042,830
8,750
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Series
2016A,
5.000%,
11/15/46,
(Pre-refunded
11/15/25),
(UB)(4)
11/25
at
100.00
A
10,314,238
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Tender
Option
Bond
Trust
2015-XF0120:
35
22.077%,
10/01/38,
(Pre-refunded
10/01/24),
144A,
(IF)(4)
10/24
at
100.00
N/R
56,819
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Stanford
Hospitals
and
Clinics,
Tender
Option
Bond
Trust
2016-XG0049:
1,000
18.314%,
8/15/51,
(Pre-refunded
8/15/22),
144A,
(IF)(4)
8/22
at
100.00
AA-
1,135,990
250
18.319%,
8/15/51,
(Pre-refunded
8/15/22),
144A,
(IF)(4)
8/22
at
100.00
AA-
284,007
200
22.313%,
8/15/51,
(Pre-refunded
8/15/22),
144A,
(IF)(4)
8/22
at
100.00
AA-
233,988
200
22.325%,
8/15/51,
(Pre-refunded
8/15/22),
144A,
(IF)(4)
8/22
at
100.00
AA-
234,006
1,985
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Windsor
Mobile
Country
Club,
Subordinate
Series
2013B,
7.000%,
11/15/48,
(Pre-refunded
11/15/23)
11/23
at
100.00
N/R
2,232,847
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Aspire
Public
Schools,
Refunding
Series
2016:
40
5.000%,
8/01/46,
(Pre-refunded
8/01/25),
144A
8/25
at
100.00
N/R
46,561
1,500
California
Statewide
Communities
Development
Authority,
4.000%,
5/15/46,
(UB)(4)
5/31
at
100.00
AA
1,743,180
29
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
U.S.
Guaranteed
(continued)
$
1,000
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Buck
Institute
for
Research
on
Aging,
Tender
Option
Bond
Trust
2015-XF1035,
22.301%,
11/15/49,
(Pre-refunded
11/15/24)
-
AGM
Insured,
144A,
(IF)(4)
11/24
at
100.00
AA
$
1,691,880
1,625
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Henry
Mayo
Newhall
Memorial
Hospital,
Series
2014,
5.250%,
10/01/43,
(Pre-refunded
10/01/24)
-
AGM
Insured
10/24
at
100.00
A2
1,839,874
1,000
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Terraces
San
Joaquin
Gardens,
Series
2012A,
5.625%,
10/01/32,
(Pre-refunded
10/01/22)
10/22
at
100.00
N/R
1,044,820
315
Chino
Public
Financing
Authority,
California,
Revenue
Bonds,
Refunding
Series
2012,
5.000%,
9/01/38,
(Pre-refunded
9/01/22)
9/22
at
100.00
N/R
326,138
1,250
Dana
Point,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1
Series
2014,
5.000%,
9/01/45,
(Pre-refunded
9/01/23)
9/23
at
100.00
N/R
1,351,100
8,285
Fresno
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
Election
2010
Series
2014D,
4.000%,
8/01/47,
(Pre-
refunded
8/01/24),
(UB)(4)
8/24
at
100.00
Aa3
9,099,995
Golden
State
Tobacco
Securitization
Corporation,
California,
Enhanced
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Refunding
Series
2015A:
2,245
5.000%,
6/01/40,
(Pre-refunded
6/01/25),
(UB)
6/25
at
100.00
A+
2,600,631
2,755
5.000%,
6/01/40,
(Pre-refunded
6/01/25),
(UB)
6/25
at
100.00
N/R
3,189,353
2,000
5.000%,
6/01/45,
(Pre-refunded
6/01/25),
(UB)(4)
6/25
at
100.00
A+
2,316,820
Guam
A.B.
Won
Pat  International
Airport
Authority,
Revenue
Bonds,
Series
2013C:
295
6.250%,
10/01/34,
(Pre-refunded
10/01/23),
(AMT)
10/23
at
100.00
Baa2
326,061
410
6.125%,
10/01/43,
(Pre-refunded
10/01/23)
-
AGM
Insured,
(AMT)
10/23
at
100.00
Baa2
452,238
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
Baa2
537,970
1,000
5.500%,
7/01/43,
(Pre-refunded
7/01/23)
7/23
at
100.00
Baa2
1,079,880
Inglewood
Public
Financing
Authority,
California,
Lease
Revenue
Bonds,
Refunding
Series
2012:
2,530
0.000%,
8/01/23,
(Pre-refunded
8/01/22)
8/22
at
93.78
A2
2,368,814
1,600
0.000%,
8/01/25,
(Pre-refunded
8/01/22)
8/22
at
82.01
A2
1,310,160
1,050
0.000%,
8/01/28,
(Pre-refunded
8/01/22)
8/22
at
66.37
A2
695,793
2,430
0.000%,
8/01/33,
(Pre-refunded
8/01/22)
8/22
at
45.44
A2
1,102,539
1,650
0.000%,
8/01/35,
(Pre-refunded
8/01/22)
8/22
at
38.78
A2
638,946
335
Lake
Elsinore
Public
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Canyon
Hills
Improvement
Area
C,
Series
2012C,
5.000%,
9/01/37,
(Pre-refunded
9/01/22)
9/22
at
100.00
N/R
346,973
Santa
Ana
Financing
Authority,
California,
Lease
Revenue
Bonds,
Police
Administration
and
Housing
Facility,
Series
1994A:
160
6.250%,
7/01/24,
(ETM)
No
Opt.
Call
Baa2
174,877
4,050
State
of
California,
2.375%,
10/01/46,
(UB)(4)
4/31
at
100.00
N/R
4,076,487
1,250
Stockton
Public
Financing
Authority,
California,
Water
Revenue
Bonds,
Delta
Water
Supply
Project,
Series
2010A,
6.250%,
10/01/40,
(Pre-
refunded
10/01/23)
10/23
at
100.00
A
1,387,225
5,000
Sulphur
Springs
Union
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2002-1,
Series
2014A,
5.000%,
9/01/39,
(Pre-refunded
3/01/24)
3/24
at
100.00
AA
5,525,250
64,045
Total
U.S.
Guaranteed
66,878,567
Utilities
-
9.0%
California
Pollution
Control
Financing
Authority,
Water
Furnishing
Revenue
Bonds,
Poseidon
Resources
Channelside
LP
Desalination
Project,
Series
2012:
200
5.000%,
7/01/37,
(AMT),
144A
1/23
at
100.00
Baa3
207,464
5,000
5.000%,
11/21/45,
(AMT),
144A
1/23
at
100.00
Baa3
5,185,650
2,000
Compton,
California,
Sewer
Revenue
Bonds,
Series
2009,
6.000%,
9/01/39
12/21
at
100.00
N/R
2,005,880
1,725
Gilroy
Public
Facilities
Financing
Authority,
California,
Wastewater
Revenue
Bonds,
Series
2021A,
3.000%,
8/01/51,
(UB)(4)
8/31
at
100.00
AA
1,845,595
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
30
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
(continued)
$
500
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2016,
5.000%,
1/01/46
7/26
at
100.00
Baa2
$
563,545
25
Long
Beach
Bond
Finance
Authority,
California,
Natural
Gas
Purchase
Revenue
Bonds,
Series
2007A,
5.500%,
11/15/28
No
Opt.
Call
A-
31,990
700
Long
Beach
Bond
Finance
Authority,
California,
Natural
Gas
Purchase
Revenue
Bonds,
Series
2007B,
1.514%,
11/15/26
(3-Month
LIBOR*0.67%
reference
rate
+
1.430%
spread)(9)
No
Opt.
Call
A-
726,614
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2017A:
7,565
5.000%,
7/01/42,
(UB)(4)
1/27
at
100.00
AA-
9,069,452
25,000
5.000%,
7/01/47,
(UB)(4)
1/27
at
100.00
AA-
29,889,500
2,000
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2017A,
4.000%,
7/01/47,
(UB)(4)
1/27
at
100.00
Aa2
2,271,860
2,000
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Tender
Option
Bond
Trust
3403.
As
of
6/4/2015
Converted
to
Trust
2015-XF2053,
22.033%,
7/01/44,
144A,
(IF)(4)
7/24
at
100.00
Aa2
3,110,200
50
M-S-R
Energy
Authority,
California,
Gas
Revenue
Bonds,
Citigroup
Prepay
Contracts,
Series
2009A,
6.500%,
11/01/39
No
Opt.
Call
BBB+
80,156
4,540
Pico
Rivera
Water
Authority,
California,
Revenue
Bonds,
Refunding
Water
System
Project,
Series
1999A,
5.500%,
5/01/29
-
NPFG
Insured
No
Opt.
Call
Baa2
5,335,363
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Forward
Delivery
Series
2022A:
905
4.000%,
7/01/42,
144A,
(WI/DD,
Settling
6/15/22)
7/32
at
100.00
N/R
1,003,346
500
4.000%,
7/01/47,
144A,
(WI/DD,
Settling
6/15/22)
7/32
at
100.00
N/R
547,890
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021B:
950
5.000%,
7/01/24,
144A
No
Opt.
Call
N/R
1,051,441
8,660
5.000%,
7/01/33,
144A
7/31
at
100.00
N/R
10,886,832
2,440
5.000%,
7/01/37,
144A
7/31
at
100.00
N/R
3,021,257
8,575
4.000%,
7/01/42,
144A
7/31
at
100.00
N/R
9,735,026
2,905
4.000%,
7/01/47,
144A
7/31
at
100.00
N/R
3,260,253
8,000
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Federally
Taxable
Build
America
Bonds,
Series
2010YY,
4.050%,
7/01/40(5)
12/21
at
100.00
D
7,770,000
25
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Refunding
Series
2005SS,
3.926%,
7/01/30(5)
12/21
at
100.00
D
24,531
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Refunding
Series
2010DDD:
1,030
3.844%,
7/01/22(5)
6/21
at
100.00
N/R
956,612
1,000
3.957%,
7/01/22(5)
6/21
at
100.00
N/R
962,500
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Refunding
Series
2012A:
1,415
3.941%,
7/01/29(5)
7/22
at
100.00
D
1,388,469
5,385
3.957%,
7/01/42(5)
7/22
at
100.00
D
5,304,225
2,925
3.961%,
7/01/42(5)
7/22
at
100.00
D
2,881,125
85
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2003NN,
3.999%,
7/01/22(5)
No
Opt.
Call
N/R
82,344
1,950
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2007TT,
3.957%,
7/01/32(5)
12/21
at
100.00
D
1,920,750
1,140
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2007VV,
5.250%,
7/01/34
-
NPFG
Insured
No
Opt.
Call
D
1,241,506
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2010AAA:
500
3.978%,
7/01/24(5)
12/21
at
100.00
D
493,750
3,000
3.998%,
7/01/27(5)
12/21
at
100.00
D
2,962,500
1,020
3.978%,
7/01/31(5)
12/21
at
100.00
D
1,007,250
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2010CCC:
135
3.957%,
7/01/24(5)
12/21
at
100.00
D
132,975
200
3.941%,
7/01/27(5)
12/21
at
100.00
D
196,250
31
Investments
in
Derivatives
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
(continued)
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2010XX:
$
1,445
3.926%,
7/01/25(5)
12/21
at
100.00
D
$
1,417,906
95
3.978%,
7/01/26(5)
12/21
at
100.00
D
93,813
1,000
3.978%,
7/01/35(5)
12/21
at
100.00
D
987,500
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2010ZZ:
1,695
3.957%,
7/01/22(5)
12/21
at
100.00
D
1,669,575
165
3.957%,
7/01/22(5)
6/21
at
100.00
N/R
158,812
275
3.978%,
7/01/25(5)
12/21
at
100.00
D
271,563
1,000
3.978%,
7/01/26(5)
12/21
at
100.00
D
987,500
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2013A:
220
4.143%,
7/01/30(5)
7/23
at
100.00
D
222,200
4,430
4.102%,
7/01/36(5)
7/23
at
100.00
D
4,463,225
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
WW:
915
3.988%,
7/01/24(5)
12/21
at
100.00
D
904,706
1,000
3.978%,
7/01/33(5)
12/21
at
100.00
D
987,500
295
3.999%,
7/01/38(5)
12/21
at
100.00
D
292,050
2,380
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Taxable
Build
America
Bond
Series
2010EE,
4.036%,
7/01/30(5)
12/21
at
100.00
D
2,308,600
2,000
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Taxable
Series
2010BBB,
3.990%,
7/01/28(5)
12/21
at
100.00
D
1,932,500
San
Joaquin
County,
California,
Revenue
Bonds,
CSA
County
Service
Area
31,
Refunding
Series
2018A:
1,250
5.000%,
8/01/38
8/28
at
100.00
N/R
1,461,837
1,500
5.000%,
8/01/42
8/28
at
100.00
N/R
1,745,700
5,000
South
Coast
Water
District
Financing
Authority,
California,
Revenue
Bonds,
Series
2020A,
2.500%,
2/01/50,
(UB)(4)
2/29
at
100.00
AA+
5,052,400
Southern
California
Public
Power
Authority,
Natural
Gas
Project
1
Revenue
Bonds,
Series
2007A:
1,000
5.000%,
11/01/29
No
Opt.
Call
BBB+
1,262,030
720
5.000%,
11/01/33
No
Opt.
Call
BBB+
975,823
5,550
1.558%,
11/01/38
(3-Month
LIBOR*0.67%
reference
rate
+
1.470%
spread)(9)
No
Opt.
Call
BBB+
5,357,360
2,319
Virgin
Islands
Water
and
Power
Authority,
Electric
System
Revenue
Bonds,
Bond
Anticipation
Notes,
Series
2020A,
7.500%,
7/01/22,
144A
No
Opt.
Call
N/R
2,328,012
115
Virgin
Islands
Water
and
Power
Authority,
Electric
System
Revenue
Bonds,
Refunding
Series
2007A,
5.000%,
7/01/22
12/21
at
100.00
Caa3
114,928
138,419
Total
Utilities
152,149,641
$
2,159,160
Total
Municipal
Bonds
(cost
$1,921,722,301)
2,073,704,389
Shares
Description
(1)
Value
COMMON
STOCKS
-
0.1%
Airlines
-
0.1%
94,060
American
Airlines
Group
Inc(10),(11)
1,663,922
Total
Common
Stocks
(cost
$2,851,418)
1,663,922
Total
Long-Term
Investments
(cost
$1,924,573,719)
2,075,368,311
Floating
Rate
Obligations
-
(27.6)%
(
454,314,000
)
Other
Assets
Less
Liabilities
-
1.7%(12)
26,757,239
Net
Assets
-
100%
$
1,647,811,550
Futures
Contracts
-
Short
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
Variation
Margin
Receivable/
(Payable)
U.S.
Treasury
5-Year
Note
(63)
3/22
$
(
7,602,985
)
$
(
7,648,102
)
$
(
45,117
)
$
(
8,367
)
U.S.
Treasury
10-Year
Note
(527)
3/22
(
68,241,443
)
(
68,938,187
)
(
696,744
)
(
279,969
)
Total
$(75,844,428)
$(76,586,289)
$(741,861)
$
(
288,336
)
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
32
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
2,070,945,876
$
2,758,513
$
2,073,704,389
Common
Stocks
1,663,922
–
–
1,663,922
Investments
in
Derivatives:
Futures
Contracts*
(741,861)
–
–
(741,861)
Total
$
922,061
$
2,070,945,876
$
2,758,513
$
2,074,626,450
*
Represents
net
unrealized
appreciation
(depreciation).
(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
lowest
of
the
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)
Investment
values
at
a
fair
value
using
methods
determined
in
good
faith
by,
or
at
the
discretion
of,
the
Board.
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(7)
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.
(8)
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.
(9)
Variable
rate
security.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(10)
On
November
28,
2011,
AMR
Corp.
("AMR"),
the
parent
company
of
American
Airlines
Group,
Inc.
("AAL")
filed
for
federal
bankruptcy
protection.
On
December
9,
2013,
AMR
emerged
from
federal
bankruptcy
with
the
acceptance
of
its
reorganization
plan
by
the
bankruptcy
court.
Under
the
settlement
agreement
to
meet
AMR's
unsecured
bond
obligations,
the
bondholders
including
the
Fund,
received
a
distribution
of
AAL
preferred
stock
which
was
converted
to
AAL
common
stock
over
a
120-day
period.
Every
30
days,
a
quarter
of
the
preferred
stock
was
converted
to
AAL
common
stock
based
on
the
5-day
volume-weighted
average
price
and
the
amount
of
preferred
shares
tendered
during
the
optional
preferred
conversion
period.
(11)
Non-Income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(12)
Other
assets
less
liabilities
includes
the
unrealized
appreciation
(depreciation)
of
certain
over-the-counter
("OTC")
derivatives
as
well
as
the
OTC
cleared
and
exchange-traded
derivatives,
when
applicable.
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
33
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.
LIBOR
London
Inter-Bank
Offered
Rate
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.
34
Nuveen
California
Municipal
Bond
Fund
Portfolio
of
Investments
November
30,
2021
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
99.2%   
MUNICIPAL
BONDS
-
99.2%
Consumer
Staples
-
1.0%
$
370
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-Backed
Bonds,
Los
Angeles
County
Securitization
Corporation,
Series
2020A,
4.000%,
6/01/49
6/30
at
100.00
BBB+
$
430,229
25,520
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018A-1,
5.250%,
6/01/47
6/22
at
100.00
N/R
26,111,809
25,890
Total
Consumer
Staples
26,542,038
Education
and
Civic
Organizations
-
4.6%
5,000
California
Educational
Facilities
Authority,
Revenue
Bonds,
Chapman
University,
Series
2015,
5.000%,
4/01/40
4/25
at
100.00
A2
5,659,250
3,915
California
Educational
Facilities
Authority,
Revenue
Bonds,
Pepperdine
University,
Series
2015,
5.000%,
9/01/40
9/25
at
100.00
AA-
4,498,413
7,000
California
Educational
Facilities
Authority,
Revenue
Bonds,
Stanford
University,
Series
2007,
5.000%,
3/15/39
No
Opt.
Call
AAA
10,270,260
3,000
California
Educational
Facilities
Authority,
Revenue
Bonds,
University
of
the
Pacific,
Refunding
Series
2015,
5.000%,
11/01/36
11/25
at
100.00
A2
3,476,700
California
Infrastructure
and
Economic
Development
Bank,
Revenue
Bonds,
The
Walt
Disney
Family
Museum,
Refunding
Series
2016:
250
5.000%,
2/01/30
2/26
at
100.00
A+
290,342
250
5.000%,
2/01/31
2/26
at
100.00
A+
290,015
4,250
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Partnerships
to
Uplift
Communities
Project,
Series
2012A,
5.250%,
8/01/42
8/22
at
100.00
BB
4,319,530
1,125
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Rocketship
Education
Multiple
Projects,
Series
2014A,
7.250%,
6/01/43
6/22
at
102.00
N/R
1,177,571
California
Municipal
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
OCEAA
Project,
Series
2008A:
630
6.750%,
10/01/28
12/21
at
100.00
N/R
631,877
1,500
7.000%,
10/01/39
12/21
at
100.00
N/R
1,504,020
320
California
Municipal
Finance
Authority,
Revenue
Bonds,
Goodwill
Industries
of
Sacramento
Valley
&
Northern
Nevada
Project,
Series
2012A,
5.750%,
1/01/22,
144A
No
Opt.
Call
N/R
320,490
1,275
California
Municipal
Finance
Authority,
Revenue
Bonds,
Goodwill
Industries
of
Sacramento
Valley
&
Northern
Nevada
Project,
Series
2014A,
5.000%,
1/01/35
1/25
at
100.00
N/R
1,280,954
1,245
California
Municipal
Finance
Authority,
Revenue
Bonds,
Touro
College
and
University
System,
Series
2014A,
5.250%,
1/01/34
7/24
at
100.00
BBB-
1,363,051
1,040
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Aspire
Public
Schools,
Refunding
Series
2015A,
5.000%,
8/01/40,
144A
8/25
at
100.00
BBB
1,173,765
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Aspire
Public
Schools,
Refunding
Series
2016:
460
5.000%,
8/01/46,
144A
8/25
at
100.00
BBB
515,665
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Downtown
College
Prep
-
Obligated
Group,
Series
2016:
410
5.000%,
6/01/46,
144A
6/26
at
100.00
N/R
445,153
500
5.000%,
6/01/51,
144A
6/26
at
100.00
N/R
541,775
375
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Kepler
Neighborhood
School,
Series
2017A,
5.750%,
5/01/37,
144A
5/27
at
100.00
N/R
419,801
285
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Rocketship
Education
Obligated
Group,
Series
2016A,
5.000%,
6/01/36,
144A
6/25
at
100.00
N/R
312,021
500
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Summit
Public
Schools
Obligated
Group,
Series
2017,
5.000%,
6/01/47,
144A
6/27
at
100.00
Baa3
571,515
35
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
$
750
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2015A,
5.000%,
7/01/45,
144A
7/25
at
100.00
BBB
$
836,745
830
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2016A,
5.000%,
7/01/46,
144A
7/25
at
100.00
BBB
924,844
5,235
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2016C,
5.250%,
7/01/52
7/25
at
101.00
BBB
5,914,765
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Value
Schools,
Series
2013:
2,000
6.900%,
7/01/43
7/23
at
100.00
BB+
2,170,000
4,040
7.000%,
7/01/48
7/23
at
100.00
BB+
4,386,349
2,650
California
State
University,
Systemwide
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
11/01/35
11/25
at
100.00
Aa2
3,097,718
California
State
University,
Systemwide
Revenue
Bonds,
Series
2019A:
2,375
5.000%,
11/01/49
11/29
at
100.00
Aa2
3,024,206
6,070
5.000%,
11/01/51
11/29
at
100.00
Aa2
7,715,577
California
State
University,
Systemwide
Revenue
Bonds,
Series
2020C:
7,505
3.000%,
11/01/40
11/30
at
100.00
Aa2
8,148,779
11,485
4.000%,
11/01/45
11/30
at
100.00
Aa2
13,527,263
1,115
San
Diego
County,
California,
Limited
Revenue
Obligations,
Sanford
Burnham
Prebys
Medical
Discovery
Institute,
Series
2015A,
5.000%,
11/01/28
11/25
at
100.00
A1
1,299,142
14,740
University
of
California,
General
Revenue
Bonds,
Series
2018AZ,
5.000%,
5/15/48
5/28
at
100.00
AA
18,173,830
University
of
California,
General
Revenue
Bonds,
Series
2020BE:
4,600
5.000%,
5/15/41
5/30
at
100.00
AA
5,920,936
5,000
5.000%,
5/15/42
5/30
at
100.00
AA
6,420,400
101,725
Total
Education
and
Civic
Organizations
120,622,722
Financials
-
0.0%
7
Cofina
Class
2
Trust
Tax-Exempt
Class
2047,
Puerto
Rico.
Unit
Exchanged
From
Cusip
74529JAN5,
0.000%,
8/01/47
No
Opt.
Call
N/R
2,341
Health
Care
-
8.7%
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2016B:
7,780
5.000%,
11/15/46
11/26
at
100.00
A1
9,229,336
10,065
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2017A,
5.000%,
11/15/48
11/27
at
100.00
A1
12,299,329
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Series
2018A:
1,500
5.000%,
11/15/35
11/27
at
100.00
A1
1,850,640
14,805
5.000%,
11/15/48
11/27
at
100.00
A1
18,091,562
15,640
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Cedars-
Sinai
Health
System,
Series
2021A,
4.000%,
8/15/48,
(WI/DD,
Settling
12/01/21)
8/31
at
100.00
N/R
18,563,272
455
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Cedars-
Sinai
Medical
Center,
Refunding
Series
2015,
5.000%,
11/15/32
11/25
at
100.00
Aa3
531,749
1,000
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Children's
Hospital
Los
Angeles,
Series
2012A,
5.000%,
11/15/29
11/22
at
100.00
BBB+
1,038,670
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Children's
Hospital
Los
Angeles,
Series
2017A:
3,000
5.000%,
8/15/42
8/27
at
100.00
BBB+
3,576,960
3,000
5.000%,
8/15/47
8/27
at
100.00
BBB+
3,558,870
46,160
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
CommonSpirit
Health,  Series
2020A,
4.000%,
4/01/49
4/30
at
100.00
BBB+
53,337,880
3,940
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
El
Camino
Hospital,
Refunding
Series
2015A,
5.000%,
2/01/40
2/25
at
100.00
AA
4,456,022
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
36
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Health
Care
(continued)
$
830
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hospital,
Series
2014A,
5.000%,
8/15/43
8/24
at
100.00
AA-
$
925,292
1,825
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Series
2014B,
5.000%,
10/01/44
10/24
at
100.00
AA-
2,038,306
250
California
Municipal
Finance
Authority,
Revenue
Bonds,
Eisenhower
Medical
Center,
Refunding
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
Baa2
298,870
California
Municipal
Finance
Authority,
Revenue
Bonds,
NorthBay
Healthcare
Group,
Series
2017A:
1,810
5.250%,
11/01/36
11/26
at
100.00
BBB-
2,121,700
5,000
5.000%,
11/01/47
11/26
at
100.00
BBB-
5,698,200
10,310
5.250%,
11/01/47
11/26
at
100.00
BBB-
11,943,001
2,000
California
Public
Finance
Authority,
Revenue
Bonds,
Henry
Mayo
Newhall
Hospital,
Series
2017,
5.000%,
10/15/47
10/26
at
100.00
BBB-
2,331,420
2,500
California
Statewide
Communities
Development
Authority,
California,
Redlands
Community
Hospital,
Revenue
Bonds,
Series
2016,
5.000%,
10/01/46
10/26
at
100.00
A-
2,891,475
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2014A:
5,295
5.250%,
12/01/34
12/24
at
100.00
BB
5,983,879
6,000
5.250%,
12/01/44
12/24
at
100.00
BB
6,769,080
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2016A:
2,400
5.000%,
12/01/41,
144A
6/26
at
100.00
BB
2,757,480
5,000
5.000%,
12/01/46,
144A
6/26
at
100.00
BB
5,728,600
9,250
5.250%,
12/01/56,
144A
6/26
at
100.00
BB
10,647,305
8,400
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2018A,
5.500%,
12/01/58,
144A
6/28
at
100.00
BB
10,301,676
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Series
2015A:
1,305
5.000%,
3/01/35
3/26
at
100.00
A+
1,520,782
1,000
5.000%,
3/01/45
3/26
at
100.00
A+
1,160,820
5,005
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Series
2018A,
5.000%,
3/01/48
3/28
at
100.00
A+
6,061,405
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
John
Muir
Health,
Series
2016A:
100
5.000%,
8/15/46
8/26
at
100.00
A+
117,754
235
5.000%,
8/15/51
8/26
at
100.00
A+
275,427
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005A:
377
5.750%,
7/01/24(4),(5)
12/21
at
100.00
N/R
330,256
434
5.750%,
7/01/30(4),(5)
12/21
at
100.00
N/R
379,714
28
5.750%,
7/01/35(4),(5)
12/21
at
100.00
N/R
24,729
408
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005G,
5.500%,
7/01/22(4),(5)
12/21
at
100.00
N/R
357,378
3,390
Kaweah
Delta
Health
Care
District,
California,
Revenue
Bonds,
Series
2015B,
5.000%,
6/01/40
6/25
at
100.00
A3
3,847,209
1,335
Northern
Inyo
County
Local
Hospital
District,
Inyo
County,
California,
Revenue
Bonds,
Series
2010,
6.375%,
12/01/25
12/21
at
100.00
B+
1,338,872
4,500
Palomar
Pomerado
Health
System,
California,
Revenue
Bonds,
Refunding
Series
2016,
4.000%,
11/01/39
11/26
at
100.00
BBB
4,971,555
1,630
Upland,
California,
Certificates
of
Participation,
San
Antonio
Regional
Hospital,
Series
2017,
5.000%,
1/01/47
1/28
at
100.00
BBB
1,932,055
187,963
Total
Health
Care
219,288,530
37
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Housing/Multifamily
-
9.2%
$
16,920
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Creekwood,
Series
2021A,
4.000%,
2/01/56,
144A
8/31
at
100.00
N/R
$
17,565,667
8,310
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Glendale
Properties,
Junior
Series
2021A-2,
4.000%,
8/01/47,
144A
8/31
at
100.00
N/R
8,510,603
12,000
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Serenity
at
Larkspur
Apartments,
Series
2020A,
5.000%,
2/01/50,
144A
2/30
at
100.00
N/R
13,340,040
1,950
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Stoneridge
Apartments,
Series
2021A,
4.000%,
2/01/56,
144A
2/31
at
100.00
N/R
2,036,697
560
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Summit
at
Sausalito
Apartments,
Series
2021A-2,
4.000%,
2/01/50,
144A
8/32
at
100.00
N/R
567,756
3,375
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Verdant
at
Green
Valley
Apartments,
Series
2019A,
5.000%,
8/01/49,
144A
8/29
at
100.00
N/R
3,743,685
21,320
California
Community
Housing
Agency,
Workforce
Housing
Revenue
Bonds,
Annadel
Apartments,
Series
2019A,
5.000%,
4/01/49,
144A
4/29
at
100.00
N/R
23,341,989
11,479
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2019-2,
4.000%,
3/20/332033
2033
No
Opt.
Call
BBB+
13,241,886
12,767
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2021-1,
3.500%,
11/20/35
No
Opt.
Call
BBB+
14,583,526
1,567
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series2019-1,
4.250%,
1/15/35
No
Opt.
Call
BBB+
1,885,143
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Affordable
Housing
Inc
Projects,
Senior
Series
2014A:
170
5.250%,
8/15/39
8/24
at
100.00
A-
184,395
455
5.250%,
8/15/49
8/24
at
100.00
A-
491,118
1,580
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Projects
Series
2012A,
5.500%,
8/15/47
8/22
at
100.00
A-
1,619,342
1,000
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Projects
Series
2012B,
7.250%,
8/15/47
8/22
at
100.00
N/R
1,030,900
3,415
California
Statewide
Community
Development
Authority,
Multifamily
Housing
Revenue
Senior
Bonds,
Westgate
Courtyards
Apartments,
Series
2001X-1,
5.420%,
12/01/34
-
AMBAC
Insured,
(AMT)
12/21
at
100.00
N/R
3,419,747
15,705
CMFA
Special
Finance
Agency
I,
California,
Essential
Housing
Revenue
Bonds,
The
Mix
at
Center
City,
Series
2021A-2,
4.000%,
4/01/56,
144A
4/31
at
100.00
N/R
16,299,434
2,900
CMFA
Special
Finance
Agency,
California,
Essential
Housing
Revenue
Bonds,
Latitude
33,
Senior
Series
2021A-1,
3.000%,
12/01/56,
144A
12/31
at
100.00
N/R
2,626,124
920
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
777
Place-Pomona,
Senior
Lien
Series
2021A-1,
3.600%,
5/01/47,
144A
5/32
at
100.00
N/R
932,770
8,060
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
777
Place-Pomona,
Senior
Lien
Series
2021A-2,
3.250%,
5/01/57,
144A
5/32
at
100.00
N/R
7,590,102
1,255
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Acacia
on
Santa
Rosa
Creek,
Mezzanine
Lien
Series
2021B,
4.000%,
10/01/46,
144A
10/31
at
100.00
N/R
1,276,398
2,315
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Acacia
on
Santa
Rosa
Creek,
Senior
Lien
Series
2021A,
4.000%,
10/01/56,
144A
10/31
at
100.00
N/R
2,442,047
19,715
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Altana
Glendale,
Series
2021A-2,
4.000%,
10/01/56,
144A
10/31
at
100.00
N/R
20,544,804
14,755
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Center
City
Anaheim,
Series
2020A,
5.000%,
1/01/54,
144A
1/31
at
100.00
N/R
16,499,926
6,440
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Jefferson-Anaheim
Series
2021A-2,
3.125%,
8/01/56,
144A
8/31
at
100.00
N/R
5,953,265
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
38
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Housing/Multifamily
(continued)
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Millennium
South
Bay-
Hawthorne,
Series
2021A-1
and
A-2:
$
4,355
3.375%,
7/01/43,
144A,
(WI/DD,
Settling
12/01/21)
7/32
at
100.00
N/R
$
4,372,246
820
3.250%,
7/01/56,
144A,
(WI/DD,
Settling
12/01/21)
7/32
at
100.00
N/R
775,900
15,800
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Moda
at
Monrovia
Station,
Social
Series
2021A-2,
4.000%,
10/01/56,
144A
10/31
at
100.00
N/R
16,465,022
2,230
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Oceanaire-Long
Beach,
Social
Series
2021A-2,
4.000%,
9/01/56,
144A
9/31
at
100.00
N/R
2,345,804
395
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Orange
City
Portfolio,
Mezzanine
Lien
Series
2021B,
4.000%,
3/01/57,
144A
3/32
at
100.00
N/R
400,562
9,595
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Orange
City
Portfolio,
Senior
Lien
Series
2021A-2,
3.000%,
3/01/57,
144A
3/32
at
100.00
N/R
8,828,359
6,300
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Parallel-Anaheim
Series
2021A,
4.000%,
8/01/56,
144A
8/31
at
100.00
N/R
6,535,179
3,280
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Pasadena
Portfolio
Social
Bond,
Mezzanine
Senior
Series
2021B,
4.000%,
12/01/56,
144A
12/31
at
100.00
N/R
3,320,475
440
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Renaissance
at
City
Center,
Series
2020A,
5.000%,
7/01/51,
144A
7/31
at
100.00
N/R
496,373
5,730
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Union
South
Bay,
Series
2021A-2,
4.000%,
7/01/56,
144A
7/31
at
100.00
N/R
5,985,100
2,100
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Waterscape
Apartments,
Mezzanine
Lien
Series
2021B,
4.000%,
9/01/46,
144A
9/31
at
100.00
N/R
2,137,275
2,645
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Waterscape
Apartments,
Senior
Lien
Series
2021A,
3.000%,
9/01/56,
144A
9/31
at
100.00
N/R
2,435,225
995
Independent
Cities
Finance
Authority,
California,
Mobile
Home
Park
Revenue
Bonds,
Palomar
Estates
West,
Refunding
Series
2015,
5.000%,
9/15/25
No
Opt.
Call
N/R
1,079,087
220
San
Jose,
California,
Multifamily
Housing
Senior
Lien
Revenue
Bonds,
Fallen
Leaves
Apartments,
Series
2002J1,
4.950%,
12/01/22
-
AMBAC
Insured,
(AMT)
12/21
at
100.00
N/R
220,466
223,839
Total
Housing/Multifamily
235,124,437
Industrials
-
0.9%
18,635
California
Community
Choice
Financing
Authority,
Clean
Energy
Project
Revenue
Bonds,
Green
Series
2021B-1,
4.000%,
2/01/52,
(Mandatory
Put
8/1/2031)
5/31
at
100.63
A1
22,583,756
Long-Term
Care
-
0.1%
1,275
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Northern
California
Presbyterian
Homes
&
Services
Inc.,
Refunding
Series
2015,
5.000%,
7/01/44
7/25
at
100.00
AA
1,450,771
Tax
Obligation/General
-
16.4%
1,000
Acalanes
Union
High
School
District,
Contra
Costa
County,
California,
General
Obligation
Bonds,
Refunding
Series
2010A,
0.000%,
8/01/26
No
Opt.
Call
Aa1
959,450
4,475
Alameda
Unified
School
District,
Alameda
County,
California,
General
Obligation
Bonds,
Election
2014
Series
2019C,
3.000%,
8/01/42
8/27
at
100.00
AA
4,767,486
4,000
Alum
Rock
Union
Elementary
School
District,
Santa
Clara
County,
California,
General
Obligation
Bonds,
Refunding
Series
2013A,
6.000%,
8/01/39
8/23
at
100.00
A1
4,331,080
2,585
Anaheim
Union
High
School
District,
Orange
County,
California,
General
Obligation
Bonds,
2014
Election
Series
2019,
3.000%,
8/01/40
8/27
at
100.00
AAA
2,763,236
5,570
Bakersfield
City
School
District,
Kern
County,
California,
General
Obligation
Bonds,
Series
2012C,
0.000%,
5/01/42(6)
5/40
at
100.00
Aa3
5,438,994
39
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
$
3,565
California
State,
General
Obligation
Bonds,
Refunding
Various
Purpose
Series
2016,
5.000%,
9/01/32
9/26
at
100.00
Aa2
$
4,288,945
10,000
California
State,
General
Obligation
Bonds,
Refunding
Various
Purpose
Series
2021,
5.000%,
12/01/36
12/30
at
100.00
Aa2
13,259,400
1,205
California
State,
General
Obligation
Bonds,
Various
Purpose
Refunding
Series
2014,
5.000%,
8/01/33
8/24
at
100.00
Aa2
1,346,925
21,830
California
State,
General
Obligation
Bonds,
Various
Purpose
Refunding
Series
2015,
5.000%,
8/01/33
2/25
at
100.00
Aa2
24,769,846
6,725
California
State,
General
Obligation
Bonds,
Various
Purpose
Refunding
Series
2016,
5.000%,
9/01/34
9/26
at
100.00
Aa2
8,073,228
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2013:
5,860
5.000%,
2/01/38
2/23
at
100.00
Aa2
6,169,642
1,430
5.000%,
2/01/43
2/23
at
100.00
Aa2
1,505,218
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2014:
1,940
5.000%,
10/01/37
10/24
at
100.00
Aa2
2,178,368
2,470
5.000%,
5/01/44
5/24
at
100.00
Aa2
2,718,161
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2015:
3,000
5.000%,
3/01/45
3/25
at
100.00
Aa2
3,383,460
3,000
5.000%,
8/01/45
8/25
at
100.00
Aa2
3,432,690
4,375
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2016,
5.000%,
9/01/46
9/26
at
100.00
Aa2
5,180,087
7,200
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2017,
5.000%,
8/01/46
8/26
at
100.00
Aa2
8,502,048
18,340
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2018,
5.000%,
10/01/47
4/26
at
100.00
Aa2
21,414,334
5,230
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2018.
Bid
Group
A/B,
5.000%,
10/01/48
10/28
at
100.00
Aa2
6,458,841
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2019:
3,725
5.000%,
4/01/30
4/29
at
100.00
Aa2
4,771,650
6,580
5.000%,
4/01/32
4/29
at
100.00
Aa2
8,395,488
5,000
5.000%,
4/01/33
4/29
at
100.00
Aa2
6,369,250
5,000
5.000%,
4/01/45
4/29
at
100.00
Aa2
6,266,050
5,895
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2020,
4.000%,
3/01/50
3/30
at
100.00
Aa2
6,934,112
2,880
Claremont
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
of
2016,
Series
2018,
5.000%,
8/01/48
8/28
at
100.00
Aa2
3,524,486
2,500
Coast
Community
College
District,
Orange
County,
California,
General
Obligation
Bonds,
Election
of
2012,
Series
2019F,
3.000%,
8/01/38
2/29
at
100.00
AA+
2,741,850
19,500
Glendale
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Taxable
Refunding
Series
2020B,
4.000%,
8/01/50
8/29
at
100.00
Aa2
22,755,330
Golden
West
Schools
Financing
Authority,
California,
General
Obligation
Revenue
Refunding
Bonds,
School
District
Program,
Series
1999A:
320
5.800%,
8/01/22
-
NPFG
Insured
No
Opt.
Call
Baa2
331,494
345
5.800%,
8/01/23
-
NPFG
Insured
No
Opt.
Call
Baa2
375,367
7,000
Hacienda
La
Puente
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
2016
Election,
Series
2017A,
4.000%,
8/01/47
8/27
at
100.00
AAA
7,962,360
30
Long
Beach
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
of
2008,
Series
2009A,
5.500%,
8/01/29
12/21
at
100.00
Aa2
30,131
5,000
Los
Angeles
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2008
Series
2018B-1,
5.000%,
7/01/38
1/28
at
100.00
AA+
6,148,150
12,500
Los
Angeles
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Measure
Q
Series
2020C,
4.000%,
7/01/39
7/30
at
100.00
AA+
14,991,500
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
40
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
$
100
Lucia
Mar
Unified
School
District,
San
Luis
Obispo
County,
California,
General
Obligation
Bonds,
Refunding
Series
2005,
5.250%,
8/01/22
-
FGIC
Insured
No
Opt.
Call
Aa2
$
103,399
10,050
Manhattan
Beach
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Measure
EE
Series
2018A,
4.000%,
9/01/46
9/28
at
100.00
Aa1
11,665,739
Mount
San
Antonio
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
of
2018,
Series
2019A:
9,300
5.000%,
8/01/44
8/29
at
100.00
Aa1
11,805,792
2,600
4.000%,
8/01/49
8/29
at
100.00
Aa1
3,063,346
4,000
Ontario-Montclair
School
District,
San
Bernardino
County,
California,
General
Obligation
Bonds,
Election
of
2016,
Series
2019B,
4.000%,
8/01/48
8/27
at
100.00
Aa2
4,573,000
2,745
Palomar
Community
College
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Election
2006
Series
2017D,
4.000%,
8/01/46
8/27
at
100.00
AA
3,123,206
9,440
Paramount
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2006
Series
2011,
0.000%,
8/01/45(6)
2/33
at
100.00
Aa3
12,901,176
7,000
Pittsburg
Unified
School
District
Financing
Authority,
Contra
Costa
County,
California,  General
Obligation
Bonds,
Pittsburg
Unified
School
District
Bond
Program,
Series
2019,
5.000%,
9/01/47
-
AGM
Insured
9/28
at
100.00
AA
8,606,010
7,345
Pittsburg
Unified
School
District,
Contra
Costa
County,
California,
General
Obligation
Bonds,
Election
of
2014,
Series
2018C,
5.000%,
8/01/47
8/26
at
100.00
AAA
8,589,170
5,000
Redwood
City
School
District,
San
Mateo
County,
California,
General
Obligation
Bonds,
Election
2015
Series
2018,
5.250%,
8/01/44
8/28
at
100.00
AAA
6,225,900
1,935
San
Benito
High
School
District,
San
Benito
and
Santa
Clara
Counties,
California,
General
Obligation
Bonds,
2016
Election
Series
2017,
5.250%,
8/01/42
8/27
at
100.00
Aa3
2,397,233
2,000
San
Diego
Community
College
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Refunding
Series
2016,
5.000%,
8/01/41
8/26
at
100.00
AAA
2,367,700
12,695
San
Francisco
Bay
Area
Rapid
Transit
District,
California,
General
Obligation
Bonds,
Election
of
2016,
Green
Series
2017A-1,
5.000%,
8/01/47
8/27
at
100.00
Aaa
15,334,417
11,720
San
Francisco
Community
College
District,
California,
General
Obligation
Bonds,
Election
2020
Series
2020A,
4.000%,
6/15/45
6/30
at
100.00
N/R
13,611,842
San
Jose,
California,
General
Obligation
Bonds,
Disaster
Preparedness,
Public
Safety
&
Infrastructure,
Series
2019A-1:
10,000
5.000%,
9/01/45
3/29
at
100.00
AAA
12,520,400
15,820
5.000%,
9/01/47
3/29
at
100.00
AAA
19,803,951
15,400
5.000%,
9/01/49
3/29
at
100.00
AAA
19,271,714
1,535
San
Leandro
Unified
School
District,
Alameda
County,
California,
General
Obligation
Bonds,
Election
2006
Series
2010C,
0.000%,
8/01/39(6)
8/28
at
100.00
AA
1,531,024
10,280
San
Mateo
County
Community
College
District,
California,
General
Obligation
Bonds,
Election
2014
Series
2018B,
5.000%,
9/01/45
9/28
at
100.00
AAA
12,896,157
5,000
Santa
Monica
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
2016
Election
Series
2018A,
5.000%,
8/01/43
8/28
at
100.00
AA+
6,189,200
1,740
Sonoma
County
Junior
College
District,
California,
General
Obligation
Bonds,
Election
2014
Series
2019B,
3.000%,
8/01/41
8/29
at
100.00
AA
1,882,628
2,345
Temecula
Valley
Unified
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
Election
2012
Series
2018C,
5.250%,
8/01/44
2/26
at
100.00
Aa1
2,741,774
2,000
Victor
Valley
Union
High
School
District,
San
Bernardino
County,
California,
General
Obligation
Bonds,
Series
2009A,
5.750%,
8/01/31
8/26
at
100.00
AA
2,439,020
645
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2012
Election
Series
2013A,
5.500%,
8/01/40
8/24
at
100.00
A1
725,644
1,100
West
Contra
Costa
Unified
School
District,
Contra
Costa
County,
California,
General
Obligation
Bonds,
Series
2008B,
6.000%,
8/01/24
No
Opt.
Call
AA-
1,260,193
5,100
Whittier
City
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
2012
Election
Series
2018C,
5.250%,
8/01/46
8/27
at
100.00
Aa3
6,321,450
41
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
$
3,500
Yosemite
Community
College
District,
California,
General
Obligation
Bonds,
Capital
Appreciation,
Election
2004,
Series
2010D,
0.000%,
8/01/42(6)
No
Opt.
Call
Aa2
$
3,642,030
1,700
Yosemite
Community
College
District,
California,
General
Obligation
Bonds,
Refunding
Series
2015,
5.000%,
8/01/32
8/25
at
100.00
Aa2
1,971,184
352,170
Total
Tax
Obligation/General
420,102,956
Tax
Obligation/Limited
-
10.1%
995
Beaumont
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Improvement
Area
19A,
Series
2015B,
5.000%,
9/01/35
9/25
at
100.00
N/R
1,125,385
1,655
Bell
Community
Housing
Authority,
California,
Lease
Revenue
Bonds,
Series
2005,
5.000%,
10/01/36
-
AMBAC
Insured
12/21
at
100.00
N/R
1,665,973
1,630
Brea
and
Olinda
Unified
School
District,
Orange
County,
California,
Certificates
of
Participation
Refunding,
Series
2002A,
5.125%,
8/01/26
-
AGM
Insured
12/21
at
100.00
AA
1,635,591
2,725
California
Community
College
Financing
Authority,
Lease
Revenue
Bonds,
Refunding
Series
2003,
0.000%,
6/01/33
-
AMBAC
Insured
No
Opt.
Call
AA+
1,878,043
California
Infrastructure
and
Economic
Development
Bank,
Lease
Revenue
Bonds,
California
State
Teachers?
Retirement
System
Headquarters
Expansion,
Green
Bond-
Climate
Bond
Certified
Series
2019:
1,800
5.000%,
8/01/33
8/29
at
100.00
AA
2,292,048
650
5.000%,
8/01/34
8/29
at
100.00
AA
826,767
2,395
5.000%,
8/01/36
8/29
at
100.00
AA
3,038,920
1,100
5.000%,
8/01/37
8/29
at
100.00
AA
1,392,952
2,500
5.000%,
8/01/44
8/29
at
100.00
AA
3,117,800
1,960
California
Infrastructure
and
Economic
Development
Bank,
Revenue
Bonds,
North
County
Center
for
Self-Sufficiency
Corporation,
Series
2004,
5.000%,
12/01/25
-
AMBAC
Insured
12/21
at
100.00
AA+
1,967,820
2,000
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Department
of
Corrections
&
Rehabilitation,
Various
Correctional
Facilities
Series
2014A,
5.000%,
9/01/39
9/24
at
100.00
Aa3
2,228,500
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Judicial
Council
of
California,
New
Stockton
Courthouse,
Series
2014B:
5,120
5.000%,
10/01/32
10/24
at
100.00
Aa3
5,753,703
2,600
5.000%,
10/01/33
10/24
at
100.00
Aa3
2,921,022
3,820
5.000%,
10/01/34
10/24
at
100.00
Aa3
4,287,071
2,000
5.000%,
10/01/39
10/24
at
100.00
Aa3
2,235,540
1,000
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
Judicial
Council
of
California,
Various
Projects
Series
2013A,
5.000%,
3/01/30
3/23
at
100.00
Aa3
1,055,080
705
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2011A,
8.000%,
9/02/41
12/21
at
100.00
N/R
705,078
Chula
Vista
Municipal
Finance
Authority,
California,
Special
Tax
Revenue
Bonds,
Refunding
Series
2013:
1,915
5.500%,
9/01/27
9/23
at
100.00
AA-
2,080,513
2,165
5.500%,
9/01/29
9/23
at
100.00
AA-
2,348,657
1,520
5.500%,
9/01/30
9/23
at
100.00
AA-
1,647,726
660
Compton
Community
Redevelopment
Agency,
California,
Tax
Allocation
Revenue
Bonds,
Redevelopment
Projects,
Housing
Second
Lien
Series
2010A,
5.500%,
8/01/30
12/21
at
100.00
N/R
662,218
1,425
Compton
Community
Redevelopment
Agency,
California,
Tax
Allocation
Revenue
Bonds,
Redevelopment
Projects,
Second
Lien
Series
2010B,
5.000%,
8/01/25
12/21
at
100.00
N/R
1,429,760
3,200
Dublin,
California,
Special
Tax
Bonds,
Community
Facilities
District
2015-1
Improvement
Area
2
Dublin
Crossing,
Series
2019,
5.000%,
9/01/39
9/26
at
103.00
N/R
3,740,096
1,500
Elk
Grove
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2015,
5.000%,
9/01/38
-
BAM
Insured
9/25
at
100.00
AA
1,736,160
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
42
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:
$
7,500
5.000%,
11/15/28
11/25
at
100.00
BB
$
8,598,975
6,375
5.000%,
11/15/29
11/25
at
100.00
BB
7,279,931
3,725
5.000%,
11/15/39
11/25
at
100.00
BB
4,204,557
1,000
Huntington
Beach,
California,
Special
Tax
Bonds,
Community
Facilities
District
2003-1
Huntington
Center,
Refunding
Series
2013,
5.375%,
9/01/33
9/23
at
100.00
N/R
1,068,700
1,090
Irvine,
California,
Limited
Obligation
Improvement
Bonds,
Reassessment
District
15-2,
Series
2015,
5.000%,
9/02/42
9/25
at
100.00
N/R
1,236,202
Irvine,
California,
Special
Tax
Bonds,
Community
Facilities
District
2013-3
Great
Park,
Improvement
Area
1,
Refunding
Series
2014:
500
5.000%,
9/01/39
9/24
at
100.00
N/R
551,555
750
5.000%,
9/01/44
9/24
at
100.00
N/R
827,093
3,260
Jurupa
Community
Services
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
33
Eastvale
Area,
Series
2014,
5.000%,
9/01/43
9/24
at
100.00
N/R
3,555,128
150
Jurupa
Public
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2015A,
5.000%,
9/01/23
No
Opt.
Call
A+
161,672
790
Lake
Elsinore
Public
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Canyon
Hills
Improvement
Area
A
&
C,
Series
2014C,
5.000%,
9/01/40
9/24
at
100.00
N/R
863,296
1,620
Lake
Elsinore
Public
Financing
Authority,
California,
Local
Agency
Revenue
Bonds,
Refunding
Series
2015,
5.000%,
9/01/40
9/25
at
100.00
N/R
1,819,082
Lammersville
Joint
Unified
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District  2007-1
Mountain
House
-
Shea
Homes
Improvement
Area
1,
Series
2013:
1,000
6.000%,
9/01/38
9/23
at
100.00
N/R
1,074,100
1,750
6.000%,
9/01/43
9/23
at
100.00
N/R
1,878,415
985
Lancaster
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Combined
Area
Sheriff's
Facilities
Projects,
Refunding
Series
2004,
5.000%,
12/01/23
-
SYNCORA
GTY
Insured
12/21
at
100.00
AA
988,605
765
Lancaster
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Combined
Fire
Protection
Facilities
Project,
Refunding
Series
2004,
5.000%,
12/01/23
-
SYNCORA
GTY
Insured
12/21
at
100.00
AA
767,800
1,000
Lathrop,
California,
Limited
Obligation
Improvement
Bonds,
Crossroads
Assessment
District,
Series
2015,
5.000%,
9/02/40
9/25
at
100.00
N/R
1,124,140
1,800
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Measure
R
Sales
Tax
Revenue
Bonds,
Refunding
Junior
Subordinate
Green
Series
2020A,
4.000%,
6/01/35
6/30
at
100.00
AA
2,197,296
1,875
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Measure
R
Sales
Tax
Revenue
Bonds,
Senior
Series
2016A,
5.000%,
6/01/36
6/26
at
100.00
AAA
2,223,956
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Proposition
C
Sales
Tax
Revenue
Bonds,
Senior
Lien
Series
2017A:
15,075
5.000%,
7/01/39
7/27
at
100.00
AAA
18,402,203
5,075
5.000%,
7/01/42
7/27
at
100.00
AAA
6,170,439
Los
Angeles
County
Public
Works
Financing
Authority,
California,
Lease
Revenue
Bonds,
Series
2019E-1:
8,000
5.000%,
12/01/44
12/29
at
100.00
AA+
10,154,240
3,495
5.000%,
12/01/49
12/29
at
100.00
AA+
4,435,644
Menifee
Union
School
District
Public
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2016A:
435
5.000%,
9/01/23
No
Opt.
Call
N/R
464,036
760
5.000%,
9/01/33
-
BAM
Insured
9/25
at
100.00
AA
873,635
1,600
5.000%,
9/01/35
-
BAM
Insured
9/25
at
100.00
AA
1,834,912
115
5.000%,
9/01/36
-
BAM
Insured
9/25
at
100.00
AA
131,682
1,455
Modesto,
California,
Speical
Tax
Bonds,
Community
Faclities
District
2004-
1
Village
One
2,
Refunding
Series
2014,
5.000%,
9/01/28
9/24
at
100.00
BBB+
1,615,137
595
ndio,
California,
Special
Tax
Bonds,
Community
Facilities
District
2004-3
Terra
Lago,
Improvement
Area
1,
Series
2015,
5.000%,
9/01/35
9/25
at
100.00
N/R
669,250
43
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
Oakland
Redevelopment
Successor
Agency,
California,
Tax
Allocation
Bonds,
Refunding
Subordinated
Series
2015-TE:
$
3,250
5.000%,
9/01/35
-
AGM
Insured
9/25
at
100.00
AA
$
3,755,765
3,215
5.000%,
9/01/36
-
AGM
Insured
9/25
at
100.00
AA
3,714,740
255
Orange
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2015-1
Esencia
Village,
Series
2015A,
5.250%,
8/15/45
8/25
at
100.00
N/R
287,454
Patterson
Public
Finance
Authority,
California,
Revenue
Bonds,
Community
Facilities
District
2001-1,
Senior
Series
2013A:
2,645
5.250%,
9/01/30
9/23
at
100.00
N/R
2,826,077
2,360
5.750%,
9/01/39
9/23
at
100.00
N/R
2,528,268
385
Patterson
Public
Finance
Authority,
California,
Revenue
Bonds,
Community
Facilities
District
2001-1,
Subordinate
Lien
Series
2013B,
5.875%,
9/01/39
9/23
at
100.00
N/R
413,278
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
6,940
0.000%,
7/01/33
7/28
at
86.06
N/R
5,196,811
71,915
0.000%,
7/01/46
7/28
at
41.38
N/R
24,048,376
22,681
5.000%,
7/01/58
7/28
at
100.00
N/R
26,038,922
Rancho
Cucamonga
Redevelopment
Agency
Successor
Agency,
California,
Tax
Allocation
Bonds,
Rancho
Redevelopment
Project,
Series
2014:
1,600
5.000%,
9/01/30
9/24
at
100.00
AA+
1,785,728
2,800
5.000%,
9/01/31
9/24
at
100.00
AA+
3,124,100
2,400
5.000%,
9/01/32
9/24
at
100.00
AA+
2,677,704
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Westpark,
Refunding
Series
2015:
1,000
5.000%,
9/01/28
9/25
at
100.00
N/R
1,135,970
1,000
5.000%,
9/01/29
9/25
at
100.00
N/R
1,133,280
1,000
5.000%,
9/01/30
9/25
at
100.00
N/R
1,131,970
6,960
Sacramento
Area
Flood
Control
Agency,
California,
Consolidated
Capital
Assessment
District
2
Bonds,
Series
2016A,
5.000%,
10/01/41
10/26
at
100.00
AA
8,176,678
Sacramento
Area
Flood
Control
Agency,
California,
Consolidated
Capital
Assessment
District
2
Bonds,
Series
2020:
2,445
4.000%,
10/01/39
10/30
at
100.00
AA
2,945,614
2,000
4.000%,
10/01/47
10/30
at
100.00
AA
2,377,180
200
San
Clemente,
California,
Special
Tax
Revenue
Bonds,
Community
Facilities
District
2006-1
Marblehead
Coastal,
Series
2015,
5.000%,
9/01/40
9/25
at
100.00
N/R
224,732
2,000
San
Francisco
Bay
Area
Rapid
Transit
District,
California,
Sales
Tax
Revenue
Bonds,
Series
2019A,
3.000%,
7/01/44
7/27
at
100.00
AA+
2,114,280
410
San
Francisco
City
and
County
Redevelopment
Agency
Successor
Agency,
California,
Special
Tax
Bonds,
Community
Facilities
District
7,
Hunters
Point
Shipyard
Phase
One
Improvements,
Refunding
Series
2014,
5.000%,
8/01/39
8/24
at
100.00
N/R
440,258
1,955
San
Francisco
City
and
County
Redevelopment
Agency,
California,
Hotel
Occupancy
Tax
Revenue
Bonds,
Refunding
Series
2011,
5.000%,
6/01/25
-
AGM
Insured
12/21
at
100.00
AA
1,961,999
180
Signal
Hill
Redevelopment
Agency,
California,
Project
1
Tax
Allocation
Bonds,
Series
2011,
7.000%,
10/01/26
12/21
at
100.00
N/R
180,864
2,235
Stockton
Public
Financing
Authority,
California,
Revenue
Bonds,
Arch
Road
East
Community
Facility
District
99-02,
Series
2018A,
5.000%,
9/01/43
9/25
at
103.00
N/R
2,530,489
105
Temecula
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
16-01,
Series
2017,
6.125%,
9/01/37,
144A
9/27
at
100.00
N/R
118,225
3,120
Transbay
Joint
Powers
Authority,
California,
Tax
Allocation
Bonds,
Senior
Green
Series
2020A,
5.000%,
10/01/45
4/30
at
100.00
A-
3,911,326
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
44
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
Tustin,
California,
Special
Tax
Bonds,
Community
Facilities
District
06-1
Tustin
Legacy/Columbus
Villages,
Refunding
Series
2015A:
$
1,000
5.000%,
9/01/34
9/25
at
100.00
A-
$
1,150,820
1,715
5.000%,
9/01/35
9/25
at
100.00
A-
1,971,581
395
5.000%,
9/01/37
9/25
at
100.00
A-
453,547
Tustin,
California,Special
Tax
Bonds,
Community
Facilities
District
14-1
Tustin
Legacy/Standard
Pacific,
Refunding
Series
2015A:
50
5.000%,
9/01/40
9/25
at
100.00
N/R
56,300
100
5.000%,
9/01/45
9/25
at
100.00
N/R
112,010
25
Vernon
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Industrial
Redevelopment
Project,
Series
2005,
5.000%,
9/01/35
-
NPFG
Insured
12/21
at
100.00
Baa2
25,532
Vista
Community
Development
Commission
Taxable
Non-
Housing
Tax
Allocation
Revenue
Bonds,
California,
Vista
Redevelopment
Project,
Series
2011:
7,600
6.000%,
9/01/33
12/21
at
100.00
AA
7,629,792
7,920
6.125%,
9/01/37
12/21
at
100.00
AA
7,951,997
283,441
Total
Tax
Obligation/Limited
261,075,771
Transportation
-
13.4%
Alameda
Corridor
Transportation
Authority,
California,
Revenue
Bonds,
Refunding
Second
Subordinate
Lien
Series  2016B:
2,000
5.000%,
10/01/34
10/26
at
100.00
BBB+
2,355,600
2,570
5.000%,
10/01/37
10/26
at
100.00
BBB+
3,017,360
50
Alameda
Corridor
Transportation
Authority,
California,
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2016A,
5.000%,
10/01/25
No
Opt.
Call
BBB+
58,229
8,000
Bay
Area
Toll
Authority,
California,
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Subordinate
Series
2019S-H,
5.000%,
4/01/44
4/29
at
100.00
AA-
9,983,680
California
Municipal
Finance
Authority,
Revenue
Bonds,
Linxs
APM
Project,
Senior
Lien
Series
2018A:
6,750
5.000%,
12/31/43,
(AMT)
6/28
at
100.00
BBB-
8,058,015
8,595
4.000%,
12/31/47,
(AMT)
6/28
at
100.00
A2
9,575,604
4,075
5.000%,
12/31/47,
(AMT)
6/28
at
100.00
BBB-
4,854,914
2,120
California
Municipal
Finance
Authority,
Special
Facility
Revenue
Bonds,
United
Airlines,
Inc.
Los
Angeles
International
Airport
Project,
Series
2019,
4.000%,
7/15/29,
(AMT)
No
Opt.
Call
B+
2,423,944
Long
Beach,
California,
Harbor
Revenue
Bonds,
Series
2015D:
1,000
5.000%,
5/15/33
5/25
at
100.00
AA
1,144,370
2,785
5.000%,
5/15/34
5/25
at
100.00
AA
3,185,037
5,120
Long
Beach,
California,
Harbor
Revenue
Bonds,
Series
2019A,
5.000%,
5/15/44
5/29
at
100.00
Aa2
6,442,650
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Private
Activity/
AMT
Subordinate
Series
2019A:
1,700
5.000%,
5/15/36,
(AMT)
5/29
at
100.00
Aa3
2,123,181
4,800
5.000%,
5/15/37,
(AMT)
5/29
at
100.00
Aa3
5,983,200
1,325
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
Senior
Lien
Series
2018B,
5.000%,
5/15/32,
(AMT)
5/28
at
100.00
Aa2
1,631,274
10,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Lien
Series
2015A,
4.750%,
5/15/40,
(AMT)
5/25
at
100.00
Aa2
11,213,100
3,135
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Lien
Series
2015D,
5.000%,
5/15/35,
(AMT)
5/25
at
100.00
Aa2
3,557,723
45
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Transportation
(continued)
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Lien
Series
2015E:
$
250
5.000%,
5/15/32
5/25
at
100.00
Aa2
$
286,555
600
5.000%,
5/15/33
5/25
at
100.00
Aa2
687,732
1,305
5.000%,
5/15/35
5/25
at
100.00
Aa2
1,493,403
355
5.000%,
5/15/41
5/25
at
100.00
Aa2
406,251
10,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Lien
Series
2020C,
5.000%,
5/15/40,
(AMT)
5/30
at
100.00
Aa2
12,617,700
2,255
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2016B,
5.000%,
5/15/46,
(AMT)
5/26
at
100.00
Aa3
2,638,643
15,650
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2017A,
5.000%,
5/15/47,
(AMT)
5/27
at
100.00
Aa3
18,723,504
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2018A:
10,800
5.000%,
5/15/44,
(AMT)
5/28
at
100.00
Aa3
13,156,992
6,995
5.250%,
5/15/48,
(AMT)
5/28
at
100.00
Aa3
8,601,052
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2018C:
1,935
5.000%,
5/15/36,
(AMT)
11/27
at
100.00
Aa3
2,362,151
1,800
5.000%,
5/15/38,
(AMT)
11/27
at
100.00
Aa3
2,192,166
12,665
5.000%,
5/15/44,
(AMT)
11/27
at
100.00
Aa3
15,376,957
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2019D:
3,585
5.000%,
5/15/32,
(AMT)
11/28
at
100.00
Aa3
4,461,640
1,025
5.000%,
5/15/34,
(AMT)
11/28
at
100.00
Aa3
1,277,170
2,000
5.000%,
5/15/35,
(AMT)
11/28
at
100.00
Aa3
2,493,000
2,500
5.000%,
5/15/36,
(AMT)
11/28
at
100.00
Aa3
3,120,100
2,765
5.000%,
5/15/39,
(AMT)
11/28
at
100.00
Aa3
3,433,854
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2019F:
5,675
5.000%,
5/15/34,
(AMT)
5/29
at
100.00
Aa3
7,111,853
5,000
5.000%,
5/15/36,
(AMT)
5/29
at
100.00
Aa3
6,244,650
4,125
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Senior
Lien
Bonds,
RCTC
91
Express
Lanes,
Refunding
Series
2021B-1,
4.000%,
6/01/40
6/31
at
100.00
N/R
4,935,068
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Refunding
Subordinate
Series
2019A:
4,500
5.000%,
7/01/44
7/29
at
100.00
A+
5,586,165
3,500
5.000%,
7/01/49
7/29
at
100.00
A+
4,319,070
5,340
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Subordinate
Series
2019B,
5.000%,
7/01/49,
(AMT)
7/29
at
100.00
A+
6,534,344
2,300
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Governmental
Purpose
Second
Series
2017B,
5.000%,
5/01/47
5/27
at
100.00
A1
2,771,293
6,500
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Governmental
Purpose
Series
2016C,
5.000%,
5/01/46
5/26
at
100.00
A1
7,651,670
13,070
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2016B,
5.000%,
5/01/46,
(AMT)
5/26
at
100.00
A1
15,305,362
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
46
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Transportation
(continued)
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2017A:
$
10,000
5.250%,
5/01/42,
(AMT)
5/27
at
100.00
A1
$
12,121,700
10,955
5.000%,
5/01/47,
(AMT)
5/27
at
100.00
A+
13,091,554
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2018D:
5,000
5.000%,
5/01/48,
(AMT)
5/28
at
100.00
A1
6,048,200
5,000
5.250%,
5/01/48,
(AMT)
5/28
at
100.00
A1
6,124,250
5,000
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2018E,
5.000%,
5/01/48
5/28
at
100.00
A1
6,144,200
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019A:
12,500
5.000%,
5/01/44,
(AMT)
5/29
at
100.00
A1
15,376,125
10,000
5.000%,
5/01/49,
(AMT)
5/29
at
100.00
A1
12,252,800
9,300
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019E,
5.000%,
5/01/50,
(AMT)
5/29
at
100.00
A1
11,392,872
12,285
San
Francisco
Municipal
Transportation
Agency,
California,
Revenue
Bonds,
Green
Series
2021C,
5.000%,
3/01/51
3/31
at
100.00
Aa2
15,833,645
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Toll
Road
Revenue
Bonds,
Refunding
Junior
Lien
Series
2014B:
4,000
5.250%,
1/15/44
1/25
at
100.00
BBB+
4,458,600
6,000
5.250%,
1/15/49
1/25
at
100.00
BBB+
6,675,900
280,560
Total
Transportation
338,916,072
U.S.
Guaranteed
-
7.1%
(7)
8,310
Antelope
Valley
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2017A,
5.250%,
8/01/42,
(Pre-refunded
2/15/27)
2/27
at
100.00
AA
10,291,852
2,430
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2015A,
5.000%,
8/15/43,
(Pre-refunded
8/15/25)
8/25
at
100.00
A1
2,839,625
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2016B:
5,360
5.000%,
11/15/46,
(Pre-refunded
11/15/26)
11/26
at
100.00
N/R
6,525,050
10,845
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Series
2016A,
5.000%,
11/15/41,
(Pre-refunded
11/15/25)
11/25
at
100.00
A1
12,783,761
1,500
California
Municipal
Finance
Authority
Charter
School
Revenue
Bonds,
Albert
Einstein
Academies
Project,
Series
2013A,
6.750%,
8/01/33,
(Pre-
refunded
8/01/23)
8/23
at
100.00
BB
1,657,050
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Aspire
Public
Schools,
Refunding
Series
2016:
40
5.000%,
8/01/46,
(Pre-refunded
8/01/25),
144A
8/25
at
100.00
N/R
46,561
California
State
Public
Works
Board,
Lease
Revenue
Bonds,
California
State
University,
Various
University
Projects,
Series
2012D:
3,000
5.000%,
9/01/33,
(Pre-refunded
9/01/22)
9/22
at
100.00
A+
3,108,780
4,000
5.000%,
9/01/34,
(Pre-refunded
9/01/22)
9/22
at
100.00
A+
4,145,040
500
Corona-Norco
Unified
School
District,
Riverside
County,
California,
General
Obligation
Bonds,
Capital
Appreciation,
Election
2006
Refunding
Series
2009C,
6.800%,
8/01/39,
(Pre-refunded
8/01/27)
-
AGM
Insured
8/27
at
100.00
AA
667,020
Fontana
Unified
School
District,
San
Bernardino
County,
California,
General
Obligation
Bonds,
Refunding
Series
2012:
11,200
0.000%,
8/01/40,
(Pre-refunded
8/01/22)
8/22
at
36.36
Aa3
4,067,392
19,700
0.000%,
8/01/41,
(Pre-refunded
8/01/22)
8/22
at
34.18
Aa3
6,725,974
47
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
U.S.
Guaranteed
(continued)
$
3,780
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Junior
Lien
Series
2013C,
6.500%,
1/15/43,
(Pre-refunded
1/15/24)
1/24
at
100.00
BBB+
$
4,230,047
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Series
2013A:
8,335
5.750%,
1/15/46,
(Pre-refunded
1/15/24)
1/24
at
100.00
A-
9,289,941
8,415
6.000%,
1/15/53,
(Pre-refunded
1/15/24)
1/24
at
100.00
A-
9,417,731
Golden
State
Tobacco
Securitization
Corporation,
California,
Enhanced
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Refunding
Series
2015A:
21,090
5.000%,
6/01/40,
(Pre-refunded
6/01/25)
6/25
at
100.00
N/R
24,415,050
17,210
5.000%,
6/01/40,
(Pre-refunded
6/01/25)
6/25
at
100.00
AA-
19,936,236
22,330
5.000%,
6/01/45,
(Pre-refunded
6/01/25)
6/25
at
100.00
Aa3
25,867,295
1,115
Rio
Elementary
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
1,
Series
2013,
5.500%,
9/01/39,
(Pre-refunded
9/01/23)
9/23
at
100.00
N/R
1,215,919
6,470
Riverside
County
Transportation
Commission,
California,
Sales
Tax
Revenue
Bonds,
Limited
Tax
Series
2013A,
5.250%,
6/01/39,
(Pre-
refunded
6/01/23)
6/23
at
100.00
AA+
6,958,679
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Senior
Lien
Bonds,
Series
2013A:
3,500
5.750%,
6/01/44,
(Pre-refunded
6/01/23)
6/23
at
100.00
A
3,782,240
8,250
5.750%,
6/01/48,
(Pre-refunded
6/01/23)
6/23
at
100.00
A
8,915,280
3,125
Rosemead
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2008
Series
2013B,
5.850%,
8/01/43,
(Pre-
refunded
8/01/23)
-
AGM
Insured
8/23
at
100.00
AA
3,415,500
5,000
San
Bernardino
Community
College
District,
California,
General
Obligation
Bonds,
Election
2018
Series
2019A,
4.000%,
8/01/49,
(Pre-
refunded
8/16/27)
8/27
at
100.00
Aa1
5,966,000
2,000
San
Diego
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Series
2009-1,
6.000%,
7/01/33,
(Pre-refunded
7/01/24)
7/24
at
100.00
Aa2
2,292,080
1,395
Walnut
Valley
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2007
Measure
S,
Series
2014C,
5.000%,
8/01/39,
(Pre-refunded
8/01/24)
8/24
at
100.00
Aa1
1,569,208
178,900
Total
U.S.
Guaranteed
180,129,311
Utilities
-
27.7%
California
Pollution
Control
Financing
Authority,
Water
Furnishing
Revenue
Bonds,
Poseidon
Resources
Channelside
LP
Desalination
Project,
Series
2012:
8,500
5.000%,
7/01/37,
(AMT),
144A
1/23
at
100.00
BBB
8,817,220
21,560
5.000%,
11/21/45,
(AMT),
144A
1/23
at
100.00
BBB
22,360,523
3,565
California
Pollution
Control
Financing
Authority,
Water
Furnishing
Revenue
Bonds,
San
Diego
County
Water
Authoriity
Desalination
Project
Pipeline,
Refunding
Series
2019,
5.000%,
7/01/39,
144A
1/29
at
100.00
BBB
4,296,467
2,750
California
Statewide
Communities
Development
Authority,
Pollution
Control
Revenue
Bonds,
Southern
California
Edison
Company,
Refunding
Series
2006D,
2.625%,
11/01/33,
(Mandatory
Put
12/1/2023)
No
Opt.
Call
A-
2,873,613
10,725
California
Statewide
Communities
Development
Authority,
Pollution
Control
Revenue
Bonds,
Southern
California
Edison
Company,
Series
2006C,
2.625%,
11/01/33,
(Mandatory
Put
12/1/2023)
No
Opt.
Call
A-
11,207,089
155
California
Statewide
Community
Development
Authority,
Water
and
Wastewater
Revenue
Bonds,
Pooled
Financing
Program,
Series
2003A,
5.250%,
10/01/23
-
AGM
Insured
12/21
at
100.00
AA
155,632
275
Compton,
California,
Sewer
Revenue
Bonds,
Refunding
Series
1998,
5.375%,
9/01/23
-
NPFG
Insured
12/21
at
100.00
Baa2
276,177
9,315
Contra
Costa
Water
District,
Contra
Costa
County,
California,
Water
Revenue
Bonds,
Refunding
Series
2019V,
5.000%,
10/01/49
10/29
at
100.00
AA+
11,811,979
East
Bay
Municipal
Utility
District,
Alameda
and
Contra
Costa
Counties,
California,
Water
System
Revenue
Bonds,
Green
Series
2017A:
8,750
5.000%,
6/01/42
6/27
at
100.00
AAA
10,695,562
8,300
5.000%,
6/01/45
6/27
at
100.00
AAA
10,130,565
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
48
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
(continued)
$
15,265
East
Bay
Municipal
Utility
District,
Alameda
and
Contra
Costa
Counties,
California,
Water
System
Revenue
Bonds,
Green
Series
2019A,
5.000%,
6/01/44
6/29
at
100.00
AAA
$
19,417,996
5,695
East
Bay
Municipal
Utility
District,
Alameda
and
Contra
Costa
Counties,
California,
Water
System
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
6/01/37
6/25
at
100.00
AAA
6,547,826
1,500
Eastern
Municipal
Water
District
Financing
Authority,
California,
Water
and
Wastewater
Revenue
Bonds,
Series
2015B,
5.000%,
7/01/40
7/25
at
100.00
AA+
1,714,965
6,000
Irvine
Ranch
Water
District,
California,
Certificates
of
Participation,
Irvine
Ranch
Water
District
Series
2016,
5.000%,
3/01/41
9/26
at
100.00
AAA
7,064,460
4,000
Livermore
Valley
Water
Financing
Authority,
California,
Water
Revenue
Bonds,
Series
2018A,
5.000%,
7/01/47
7/27
at
100.00
AA+
4,844,040
1,985
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2014D,
5.000%,
7/01/44
7/24
at
100.00
Aa2
2,203,251
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2016A:
3,300
5.000%,
7/01/40
1/26
at
100.00
Aa2
3,853,377
6,445
5.000%,
7/01/46
1/26
at
100.00
Aa2
7,477,876
4,165
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2016B,
5.000%,
7/01/37
1/26
at
100.00
Aa2
4,872,550
29,905
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2017A,
5.000%,
7/01/42
1/27
at
100.00
Aa2
35,852,207
40,800
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2017C,
5.000%,
7/01/47
7/27
at
100.00
Aa2
49,557,312
7,000
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2018A,
5.000%,
7/01/38
1/28
at
100.00
Aa2
8,607,410
15,435
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2018D,
5.000%,
7/01/38
7/28
at
100.00
Aa2
19,260,565
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2019A:
8,000
5.000%,
7/01/45
1/29
at
100.00
Aa2
9,984,400
9,555
5.000%,
7/01/49
1/29
at
100.00
Aa2
11,882,789
5,000
5.250%,
7/01/49
1/29
at
100.00
Aa2
6,321,400
5,000
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2019C,
5.000%,
7/01/49
7/29
at
100.00
AA-
6,299,750
7,010
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2020B,
5.000%,
7/01/50
7/30
at
100.00
Aa2
8,978,408
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2021B:
9,500
5.000%,
7/01/48
1/31
at
100.00
Aa2
12,272,575
7,545
5.000%,
7/01/51
1/31
at
100.00
Aa2
9,717,507
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Refunding
Series
2016B:
3,460
5.000%,
7/01/33
1/26
at
100.00
AA+
4,064,566
4,955
5.000%,
7/01/35
1/26
at
100.00
AA+
5,812,066
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2017A:
10,545
5.000%,
7/01/44
1/27
at
100.00
AA+
12,671,083
5,000
5.250%,
7/01/44
1/27
at
100.00
AA+
6,108,950
3,445
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2018B,
5.000%,
7/01/48
7/28
at
100.00
AA+
4,262,809
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2020A:
4,750
5.000%,
7/01/41
7/30
at
100.00
Aa2
6,182,505
28,605
5.000%,
7/01/50
7/30
at
100.00
Aa2
36,743,409
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2020C:
5,000
5.000%,
7/01/37
7/30
at
100.00
Aa2
6,557,750
7,000
5.000%,
7/01/40
7/30
at
100.00
Aa2
9,131,500
9,990
5.000%,
7/01/41
7/30
at
100.00
Aa2
13,002,784
5,000
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2021B,
5.000%,
7/01/49
1/31
at
100.00
Aa2
6,472,100
49
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
(continued)
$
10,000
Los
Angeles,
California,
Wastewater
System
Revenue
Bonds,
Green
Series
2015C,
5.000%,
6/01/45
6/25
at
100.00
AA+
$
11,422,800
Los
Angeles,
California,
Wastewater
System
Revenue
Bonds,
Green
Subordinate
Series
2018A:
10,000
5.000%,
6/01/43
6/28
at
100.00
AA
12,349,600
1,300
5.000%,
6/01/48
6/28
at
100.00
AA
1,595,750
Los
Angeles,
California,
Wastewater
System
Revenue
Bonds,
Refunding
Green
Series
2015A:
5,000
5.000%,
6/01/31
6/25
at
100.00
AA+
5,773,200
5,000
5.000%,
6/01/32
6/25
at
100.00
AA+
5,767,550
2,600
Los
Angeles,
California,
Wastewater
System
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2013A,
5.000%,
6/01/35
6/23
at
100.00
AA
2,771,236
Metropolitan
Water
District
of
Southern
California,
Water
Revenue
Bonds,
Refunding
Series
2020C:
2,600
5.000%,
7/01/38
7/30
at
100.00
AAA
3,411,434
5,000
5.000%,
7/01/39
7/30
at
100.00
AAA
6,538,100
Metropolitan
Water
District
of
Southern
California,
Water
Revenue
Bonds,
Series
2020A:
4,550
5.000%,
10/01/45
10/29
at
100.00
AAA
5,815,446
24,365
5.000%,
10/01/49
10/29
at
100.00
AAA
31,041,497
Metropolitan
Water
District
of
Southern
California,
Water
Revenue
Bonds,
Series
2021A:
21,500
5.000%,
10/01/46
4/31
at
100.00
AAA
28,145,435
11,620
5.000%,
10/01/51
4/31
at
100.00
AAA
15,133,307
5,000
Moulton
Niguel
Water
District,
California,
Certificates
of
Participation,
Series
2019,
3.000%,
9/01/44
3/29
at
100.00
AAA
5,372,300
500
Northern
California
Energy
Authority,
California,
Commodity
Supply
Revenue
Bonds,
Series
2018A,
4.000%,
7/01/49,
(Mandatory
Put
7/1/2024)
4/24
at
100.24
A2
542,105
250
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021A,
4.000%,
7/01/42,
144A
7/31
at
100.00
N/R
283,820
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021B:
2,550
5.000%,
7/01/25,
144A
No
Opt.
Call
N/R
2,902,053
655
5.000%,
7/01/28,
144A
No
Opt.
Call
N/R
794,698
2,395
5.000%,
7/01/37,
144A
7/31
at
100.00
N/R
2,965,537
5,715
4.000%,
7/01/42,
144A
7/31
at
100.00
N/R
6,488,125
2,180
4.000%,
7/01/47,
144A
7/31
at
100.00
N/R
2,446,592
5,645
Riverside,
California,
Electric
Revenue
Bonds,
Refunding
Series
2019A,
5.000%,
10/01/48
4/29
at
100.00
AA-
7,027,969
Sacramento
County
Sanitation
Districts
Financing
Authority,
California,
Revenue
Bonds,
Sacramento
Regional
County
Sanitation
District,
Series
2020A:
16,520
5.000%,
12/01/45
12/30
at
100.00
AA
21,468,070
7,500
5.000%,
12/01/50
12/30
at
100.00
AA
9,694,275
17,885
Sacremento
Municipal
Utility
District,
California,
Electric
Revenue
Bonds,
Series
2020H,
5.000%,
8/15/50
8/30
at
100.00
AA
22,990,631
San
Diego
Public
Facilities
Financing
Authority,
California,
Water
Utility
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2016B:
7,330
5.000%,
8/01/32
8/26
at
100.00
Aa3
8,758,984
12,735
5.000%,
8/01/39
8/26
at
100.00
Aa3
15,101,927
San
Francisco
City
and
County
Public
Utilities
Commission,
California,
Water
Revenue
Bonds,
WSIP
Green
Series
2020A:
6,640
5.000%,
11/01/45
11/30
at
100.00
Aa2
8,611,482
5,020
5.000%,
11/01/50
11/30
at
100.00
Aa2
6,475,951
2,555
Santa
Clara
Valley
Water
District,
California,
Water
System
Revenue
Bonds,
Refunding  Series
2020A,
5.000%,
6/01/50
6/30
at
100.00
Aa1
3,263,578
3,000
Upper
Santa
Clara
Valley
Joint
Powers
Authority,
California,
Revenue
Bonds,
Series
2020A,
4.000%,
8/01/45
8/25
at
100.00
AA
3,334,530
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
50
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
(continued)
Western
Municipal
Water
District
Facilities
Authority,
California,
Water
Revenue
Bonds,
Series
2020A:
$
2,900
5.000%,
10/01/39
10/30
at
100.00
AAA
$
3,816,719
2,500
5.000%,
10/01/40
10/30
at
100.00
AAA
3,277,325
567,760
Total
Utilities
695,747,039
$
2,222,165
Total
Long-Term
Investments
(cost
$2,348,804,474)
2,521,585,744
Other
Assets
Less
Liabilities
-
0.8%
20,824,362
Net
Assets
-
100%
$
2,542,410,106
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
2,520,493,667
$
1,092,077
$
2,521,585,744
(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
the
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)
Investment
values
at
a
fair
value
using
methods
determined
in
good
faith
by,
or
at
the
discretion
of,
the
Board.
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(6)
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.
(7)
Backed
by
an
escrow
or
trust
containing
sufficient
U.S.
Government
or
U.S.
Government
agency
securities,
which
ensure
the
timely
payment
of
principal
and
interest.
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
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.
51
Nuveen
Connecticut
Municipal
Bond
Fund
Portfolio
of
Investments
November
30,
2021
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
99.1%   
MUNICIPAL
BONDS
-
99.1%
Consumer
Staples
-
0.5%
$
1,500
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+
$
1,546,635
Education
and
Civic
Organizations
-
13.6%
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Brunswick
School,
Series
2012C:
1,000
5.000%,
7/01/31
7/22
at
100.00
A+
1,024,490
500
5.000%,
7/01/32
7/22
at
100.00
A+
512,155
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Choate
Rosemary
Hall,
Series
2020F:
380
4.000%,
7/01/39
7/30
at
100.00
Aa2
453,720
1,100
4.000%,
7/01/42
7/30
at
100.00
Aa2
1,304,930
1,885
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Fairfield
University,
Series
2016Q-1,
5.000%,
7/01/46
7/26
at
100.00
A-
2,206,374
1,500
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Fairfield
University,
Series
2020T,
4.000%,
7/01/55
7/30
at
100.00
A-
1,722,315
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Greenwich
Academy,
Series
2021G:
1,500
4.000%,
3/01/41
3/31
at
100.00
A1
1,788,690
1,000
4.000%,
3/01/46
3/31
at
100.00
A1
1,179,470
5,095
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Quinnipiac
University,
Refunding
Series
2015L,
5.000%,
7/01/45
7/25
at
100.00
A-
5,697,484
1,750
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Quinnipiac
University,
Series
2016M,
5.000%,
7/01/35
7/26
at
100.00
A-
2,032,345
4,410
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Sacred
Heart
University,
Series
2017I-1,
5.000%,
7/01/42
7/27
at
100.00
A
5,207,019
1,100
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Sacred
Heart
University,
Series
2020K,
4.000%,
7/01/45
7/30
at
100.00
A
1,263,405
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
The
Taft
School
Isue,
Series
2021L:
790
3.000%,
7/01/41
7/31
at
100.00
Aa3
857,285
2,210
3.000%,
7/01/46
7/31
at
100.00
Aa3
2,374,490
3,300
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Trinity
College,
Series
2020R,
4.000%,
6/01/45
6/30
at
100.00
A+
3,878,490
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Trinity
College,
Series
2021S:
3,000
4.000%,
6/01/46
12/31
at
100.00
A+
3,584,250
2,500
4.000%,
6/01/51
12/31
at
100.00
A+
2,970,200
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
University
of
New
Haven,
Series
2018K-1:
2,000
5.000%,
7/01/37
7/28
at
100.00
BBB-
2,374,620
250
5.000%,
7/01/38
7/28
at
100.00
BBB-
296,415
35,270
Total
Education
and
Civic
Organizations
40,728,147
Health
Care
-
16.1%
4,600
Connecticut
Health
and
Educational
Facilities
Authority
Revenue
Bonds,
Hartford
HealthCare,
Series
2015F,
5.000%,
7/01/45
7/25
at
100.00
A+
5,239,998
695
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Griffin
Hospital,
Series
2020G-1,
5.000%,
7/01/39,
144A
7/29
at
100.00
BB+
842,931
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Hartford
HealthCare
Issue,
Series
2020A:
2,700
4.000%,
7/01/38
1/30
at
100.00
A+
3,163,212
1,685
4.000%,
7/01/40
1/30
at
100.00
A+
1,964,407
3,000
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Hartford
HealthCare
Issue,
Series
2021A,
4.000%,
7/01/46
7/31
at
100.00
N/R
3,527,400
500
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Hartford
HealthCare,
Series
2014E,
5.000%,
7/01/42
7/24
at
100.00
A+
553,615
Nuveen
Connecticut
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
52
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Health
Care
(continued)
$
1,995
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Middlesex
Hospital,
Series
2015O,
5.000%,
7/01/36
7/25
at
100.00
A3
$
2,271,068
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Nuvance
Health
Series
2019A:
2,235
4.000%,
7/01/36
7/29
at
100.00
A-
2,598,746
2,885
4.000%,
7/01/41
7/29
at
100.00
A-
3,324,501
6,020
4.000%,
7/01/49
7/29
at
100.00
A-
6,823,550
4,000
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Stamford
Hospital,
Series
2012J,
5.000%,
7/01/42
7/22
at
100.00
BBB+
4,109,480
1,885
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Stamford
Hospital,
Series
2016K,
4.000%,
7/01/46
7/26
at
100.00
BBB+
2,072,934
200
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Stamford
Hospital,
Series
2021L-1,
4.000%,
7/01/29
No
Opt.
Call
BBB+
240,424
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Trinity
Health
Credit
Group,
Series
2016CT:
2,350
5.000%,
12/01/41
6/26
at
100.00
AA-
2,769,099
1,495
5.000%,
12/01/45
6/26
at
100.00
AA-
1,755,848
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Yale-New
Haven
Health
Issue,
Series
2014E:
2,400
5.000%,
7/01/32
7/24
at
100.00
AA-
2,667,816
2,520
5.000%,
7/01/33
7/24
at
100.00
AA-
2,799,140
830
5.000%,
7/01/34
7/24
at
100.00
AA-
921,259
41,995
Total
Health
Care
47,645,428
Housing/Multifamily
-
0.7%
2,110
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program
Bonds,
Series
2019B-1,
3.300%,
11/15/39
11/28
at
100.00
AAA
2,216,471
Housing/Single
Family
-
1.1%
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program
Bonds,
Green
Series
2021B-3:
1,440
2.150%,
11/15/41
11/30
at
100.00
AAA
1,417,464
1,560
2.300%,
11/15/46
11/30
at
100.00
AAA
1,534,712
230
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program
Bonds,
Series
2020E-3,
1.850%,
5/15/38
5/30
at
100.00
AAA
223,698
3,230
Total
Housing/Single
Family
3,175,874
Long-Term
Care
-
2.1%
1,100
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Duncaster,
Inc.,
Series
2014A,
5.000%,
8/01/44
8/24
at
100.00
BBB
1,180,707
1,200
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Healthcare
Facility
Expansion
Church
Home
of
Hartford
Inc.
Project,
Series
2016A,
5.000%,
9/01/46,
144A
9/26
at
100.00
BB
1,327,224
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Mary
Wade
Home
Issue,
Series
2019A-1:
1,000
5.000%,
10/01/39,
144A
10/24
at
104.00
BB
1,102,230
200
5.000%,
10/01/54,
144A
10/24
at
104.00
BB
218,932
650
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
McLean
Affiliates,
Series
2020A,
5.000%,
1/01/45,
144A
1/26
at
102.00
BB+
721,708
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
The
Jerome
Home
Issue,
Series
2021E:
730
4.000%,
7/01/41
7/28
at
103.00
N/R
816,067
1,250
4.000%,
7/01/51
7/28
at
103.00
N/R
1,377,175
6,130
Total
Long-Term
Care
6,744,043
Tax
Obligation/General
-
25.3%
Bridgeport,
Connecticut,
General
Obligation
Bonds,
Series
2014A:
600
5.000%,
7/01/32
-
AGM
Insured
7/24
at
100.00
AA
664,032
1,000
5.000%,
7/01/33
-
AGM
Insured
7/24
at
100.00
AA
1,106,060
1,065
5.000%,
7/01/34
-
AGM
Insured
7/24
at
100.00
AA
1,177,198
53
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
$
2,000
Bridgeport,
Connecticut,
General
Obligation
Bonds,
Series
2016D,
5.000%,
8/15/41
-
AGM
Insured
8/26
at
100.00
AA
$
2,344,060
Bridgeport,
Connecticut,
General
Obligation
Bonds,
Series
2021A:
765
4.000%,
8/01/41
8/31
at
100.00
A
901,200
375
4.000%,
8/01/46
8/31
at
100.00
A
436,069
2,425
Connecticut
Health
and
Educational
Facilities
Authoroity,
Revneue
Bonds,
Connecticut
State
University
System,
Series
2016P-1,
5.000%,
11/01/28
11/26
at
100.00
Aa3
2,901,949
Connecticut
Housing
Finance
Authority,
State
Supported
Special
Obligation
Bonds,
Series
2021-27:
1,000
2.400%,
6/15/41
6/31
at
100.00
Aa3
1,008,710
1,000
2.550%,
6/15/46
6/31
at
100.00
Aa3
1,009,590
1,000
Connecticut
Housing
Finance
Authority,
State
Supported
Special
Obligation
Bonds,
Series
2021-28,
2.375%,
6/15/40
6/31
at
100.00
Aa3
1,007,500
2,400
Connecticut
State,
General
Obligation
Bonds,
Series
2014A,
5.000%,
3/01/31
3/24
at
100.00
Aa3
2,636,256
3,000
Connecticut
State,
General
Obligation
Bonds,
Series
2014F,
5.000%,
11/15/34
11/24
at
100.00
Aa3
3,381,630
2,370
Connecticut
State,
General
Obligation
Bonds,
Series
2015F,
5.000%,
11/15/34
11/25
at
100.00
Aa3
2,764,202
Connecticut
State,
General
Obligation
Bonds,
Series
2017A:
1,000
5.000%,
4/15/34
4/27
at
100.00
Aa3
1,207,040
3,270
5.000%,
4/15/35
4/27
at
100.00
Aa3
3,946,138
1,510
Connecticut
State,
General
Obligation
Bonds,
Series
2018A,
5.000%,
4/15/37
4/28
at
100.00
Aa3
1,867,855
1,325
Connecticut
State,
General
Obligation
Bonds,
Series
2018C,
5.000%,
6/15/38
6/28
at
100.00
Aa3
1,646,538
Connecticut
State,
General
Obligation
Bonds,
Series
2019A:
1,150
5.000%,
4/15/36
4/29
at
100.00
Aa3
1,446,941
1,450
4.000%,
4/15/37,
(UB)(4)
4/29
at
100.00
Aa3
1,713,900
650
5.000%,
4/15/39,
(UB)(4)
4/29
at
100.00
Aa3
813,605
Connecticut
State,
General
Obligation
Bonds,
Series
2020A:
2,000
4.000%,
1/15/37
1/30
at
100.00
Aa3
2,378,720
2,250
5.000%,
1/15/40
1/30
at
100.00
Aa3
2,856,352
750
Connecticut
State,
General
Obligation
Bonds,
Series
2020C,
5.000%,
6/01/40
6/30
at
100.00
Aa3
960,967
2,000
Connecticut
State,
General
Obligation
Bonds,
Series
2021A,
3.000%,
1/15/40
1/31
at
100.00
Aa3
2,190,940
1,485
Connecticut
State,
General
Obligation
Bonds,
Social
Series
2021B,
5.000%,
6/01/41
6/31
at
100.00
Aa3
1,937,702
East
Haddam,
Connecticut,
General
Obligation
Bonds,
Series
2020A:
300
3.000%,
12/01/37
12/28
at
100.00
AA+
329,940
250
3.000%,
12/01/40
12/28
at
100.00
AA+
272,787
East
Lyme,
Connecticut,
General
Obligation
Bonds,
Series
2020:
880
3.000%,
7/15/38
7/28
at
100.00
AA
958,989
500
3.000%,
7/15/39
7/28
at
100.00
AA
543,995
325
3.000%,
7/15/40
7/28
at
100.00
AA
353,106
500
Hamden,
Connecticut,
General
Obligation
Bonds,
Series
2016,
5.000%,
8/15/33
-
BAM
Insured
8/24
at
100.00
AA
554,985
Hartford
County
Metropolitan
District,
Connecticut,
General
Obligation
Bonds,
Refunding
Series
2019C:
925
4.000%,
7/15/38
7/29
at
100.00
AA
1,096,976
1,000
4.000%,
7/15/40
7/29
at
100.00
AA
1,181,970
1,035
Hartford
County
Metropolitan
District,
Connecticut,
General
Obligation
Bonds,
Series
2018,
5.000%,
7/15/35
7/28
at
100.00
AA
1,281,144
Hartford
County
Metropolitan
District,
Connecticut,
General
Obligation
Bonds,
Series
2019A:
1,000
4.000%,
7/15/38
7/29
at
100.00
AA
1,185,920
1,075
4.000%,
7/15/39
7/29
at
100.00
AA
1,272,563
Nuveen
Connecticut
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
54
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
Hartford
County
Metropolitan
District,
Connecticut,
General
Obligation
Bonds,
Series
2021A:
$
2,500
4.000%,
9/01/40
9/31
at
100.00
AA
$
3,035,225
2,500
4.000%,
9/01/41
9/31
at
100.00
AA
3,027,500
1,000
New
Haven,
Connecticut,
General
Obligation
Bonds,
Refunding
Series
2016A,
5.000%,
8/15/36
-
AGM
Insured
8/26
at
100.00
AA
1,171,530
New
Haven,
Connecticut,
General
Obligation
Bonds,
Series
2015:
795
5.000%,
9/01/32
-
AGM
Insured
9/25
at
100.00
AA
910,943
1,620
5.000%,
9/01/33
-
AGM
Insured
9/25
at
100.00
AA
1,854,965
500
5.000%,
9/01/35
-
AGM
Insured
9/25
at
100.00
AA
571,530
485
North
Haven,
Connecticut,
General
Obligation
Bonds,
Series
2006,
5.000%,
7/15/24
No
Opt.
Call
Aa1
544,204
1,035
Oxford,
Connecticut,
General
Obligation
Bonds,
Series
2019A,
4.000%,
8/01/39
8/29
at
100.00
Aa2
1,230,398
2,370
Stratford,
Connecticut,
General
Obligation
Bonds,
Series
2017,
4.000%,
1/01/39
-
BAM
Insured
1/27
at
100.00
AA
2,665,705
Stratford,
Connecticut,
General
Obligation
Bonds,
Series
2020A:
365
4.000%,
7/01/38
-
BAM
Insured
7/30
at
100.00
AA
432,817
330
4.000%,
7/01/40
-
BAM
Insured
7/30
at
100.00
AA
389,869
Waterbury,
Connecticut,
General
Obligation
Bonds,
Lot
A
Series
2015:
555
5.000%,
8/01/30
-
BAM
Insured
8/25
at
100.00
AA
638,949
485
5.000%,
8/01/31
-
BAM
Insured
8/25
at
100.00
AA
558,167
765
5.000%,
8/01/32
-
BAM
Insured
8/25
at
100.00
AA
879,811
555
5.000%,
8/01/33
-
BAM
Insured
8/25
at
100.00
AA
637,862
555
5.000%,
8/01/34
-
BAM
Insured
8/25
at
100.00
AA
637,212
2,000
West
Haven,
Connecticut,
General
Obligation
Bonds,
Series
2012,
5.000%,
8/01/24
-
AGM
Insured
8/22
at
100.00
AA
2,061,100
750
West
Haven,
Connecticut,
General
Obligation
Bonds,
Series
2020,
4.000%,
3/15/40
-
BAM
Insured
3/30
at
100.00
AA
869,152
64,795
Total
Tax
Obligation/General
75,454,468
Tax
Obligation/Limited
-
17.5%
Connecticut
Higher
Education
Supplemental
Loan
Authority,
Revenue
Bonds,
CHELSA
Loan
Program,
Series
2021B:
750
5.000%,
11/15/27,
(AMT)
No
Opt.
Call
Aa3
910,380
545
5.000%,
11/15/28,
(AMT)
No
Opt.
Call
Aa3
673,996
560
5.000%,
11/15/29,
(AMT)
No
Opt.
Call
Aa3
702,906
500
5.000%,
11/15/30,
(AMT)
No
Opt.
Call
Aa3
636,505
2,000
Connecticut
Higher
Education
Supplemental
Loan
Authority,
State
Supported
Revenue
Bonds,
CHESLA
Loan
Program,
Series
2020B,
3.250%,
11/15/36,
(AMT)
11/29
at
100.00
Aa3
2,074,820
2,500
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes
Series
2013A,
5.000%,
10/01/33
10/23
at
100.00
AA-
2,700,025
1,390
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes
Series
2015A,
5.000%,
8/01/33
8/25
at
100.00
AA-
1,601,878
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes
Series
2016A:
1,000
5.000%,
9/01/32
9/26
at
100.00
AA-
1,193,240
3,500
5.000%,
9/01/33
9/26
at
100.00
AA-
4,174,555
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes
Series
2018A:
2,000
5.000%,
1/01/37
1/28
at
100.00
AA-
2,453,220
2,000
5.000%,
1/01/38
1/28
at
100.00
AA-
2,452,660
100
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes,
Series
2020A,
4.000%,
5/01/39
5/30
at
100.00
AA-
119,134
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes,
Series
2021A:
5,000
4.000%,
5/01/40
5/31
at
100.00
AA-
6,031,700
1,445
5.000%,
5/01/41
5/31
at
100.00
AA-
1,881,896
55
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
$
500
Great
Pond
Improvement
District,
Connecticut,
Special
Obligaiton
Revenue
Bonds,
Great
Pond
Phase
1
Project,
Series
20019,
4.750%,
10/01/48,
144A
10/26
at
102.00
N/R
$
530,740
2,720
Harbor
Point
Infrastructure
Improvement
District,
Connecticut,
Special
Obligation
Revenue
Bonds,
Harbor
Point
Project,
Refunding
Series
2017,
5.000%,
4/01/39,
144A
4/27
at
100.00
N/R
3,117,610
1,900
Naugatuck,
Connecticut,
Certificates
of
Participation,
Incineration
Facilities
Project,
Series
2021A,
4.000%,
8/15/41,
(AMT)
8/29
at
100.00
AA-
2,150,021
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
2,950
4.550%,
7/01/40
7/28
at
100.00
N/R
3,350,993
1,860
0.000%,
7/01/46
7/28
at
41.38
N/R
621,984
1,300
4.750%,
7/01/53
7/28
at
100.00
N/R
1,473,303
100
Steel
Point
Infrastructure
Improvement
District,
Connecticut,
Special
Obligation
Revenue
Bonds,
Steelpointe
Harbor
Project,
Series
2021,
4.000%,
4/01/51
4/30
at
100.00
N/R
104,317
2,500
University
of
Connecticut,
General
Obligation
Bonds,
Series
2013A,
5.000%,
8/15/32
8/23
at
100.00
Aa3
2,675,625
740
University
of
Connecticut,
General
Obligation
Bonds,
Series
2014A,
5.000%,
2/15/31
2/24
at
100.00
Aa3
810,248
1,590
University
of
Connecticut,
General
Obligation
Bonds,
Series
2015A,
5.000%,
2/15/34
2/25
at
100.00
Aa3
1,797,225
3,000
University
of
Connecticut,
General
Obligation
Bonds,
Series
2017A,
5.000%,
1/15/36
1/27
at
100.00
Aa3
3,575,490
University
of
Connecticut,
General
Obligation
Bonds,
Series
2019A:
1,000
5.000%,
11/01/36
11/28
at
100.00
Aa3
1,247,460
1,000
4.000%,
11/01/38
11/28
at
100.00
Aa3
1,163,810
2,210
University
of
Connecticut,
General
Obligation
Bonds,
Series
2020A,
5.000%,
2/15/38
2/30
at
100.00
Aa3
2,811,319
46,660
Total
Tax
Obligation/Limited
53,037,060
Transportation
-
3.1%
Connecticut
Airport
Authority,
Connecticut,
Customer
Facility
Charge
Revenue
Bonds,
Ground
Transportation
Center
Project,
Series
2019A:
1,500
4.000%,
7/01/49,
(AMT)
7/29
at
100.00
BBB
1,678,995
6,250
5.000%,
7/01/49,
(AMT)
7/29
at
100.00
BBB
7,530,062
7,750
Total
Transportation
9,209,057
U.S.
Guaranteed
-
9.0%
(5)
1,050
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Norwich
Free
Academy,
Series
2013B,
4.000%,
7/01/34,
(Pre-refunded
7/01/23)
7/23
at
100.00
Aa3
1,111,666
950
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Westminster
School,
Series
2014H,
3.250%,
7/01/32,
(Pre-refunded
7/01/24)
7/24
at
100.00
A
1,019,350
Greater
New
Haven
Water
Pollution
Control
Authority,
Connecticut,
Regional
Wastewater
System
Revenue
Bonds,
Refunding
Series
2014B:
500
5.000%,
8/15/30,
(Pre-refunded
8/15/24)
8/24
at
100.00
AA+
562,770
1,000
5.000%,
8/15/32,
(Pre-refunded
8/15/24)
8/24
at
100.00
AA+
1,125,540
Hartford
County
Metropolitan
District,
Connecticut,
Clean
Water
Project
Revenue
Bonds,
Refunding
Green
Bond
Series
2014A:
2,250
5.000%,
11/01/35,
(Pre-refunded
11/01/24)
11/24
at
100.00
Aa2
2,549,430
4,885
5.000%,
11/01/42,
(Pre-refunded
11/01/24)
11/24
at
100.00
Aa2
5,535,096
2,500
Hartford
County
Metropolitan
District,
Connecticut,
Clean
Water
Project
Revenue
Bonds,
Series
2013A,
5.000%,
4/01/39,
(Pre-refunded
4/01/22)
4/22
at
100.00
Aa2
2,540,150
Nuveen
Connecticut
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
56
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
U.S.
Guaranteed
(continued)
New
Haven,
Connecticut,
General
Obligation
Bonds,
Series
2014A:
$
810
5.000%,
8/01/30,
(Pre-refunded
8/01/24)
-
AGM
Insured
8/24
at
100.00
AA
$
909,079
700
5.000%,
8/01/31,
(Pre-refunded
8/01/24)
-
AGM
Insured
8/24
at
100.00
AA
785,624
850
5.000%,
8/01/32,
(Pre-refunded
8/01/24)
-
AGM
Insured
8/24
at
100.00
AA
953,972
850
5.000%,
8/01/34,
(Pre-refunded
8/01/24)
-
AGM
Insured
8/24
at
100.00
AA
953,972
South
Central
Connecticut
Regional
Water
Authority
Water
System
Revenue
Bonds,
Thirtieth
Series
2014A:
1,010
5.000%,
8/01/39,
(Pre-refunded
8/01/24)
8/24
at
100.00
AA-
1,134,977
1,055
5.000%,
8/01/44,
(Pre-refunded
8/01/24)
8/24
at
100.00
AA-
1,185,546
500
South
Central
Connecticut
Regional
Water
Authority,
Water
System
Revenue
Bonds,
Twenty-Eighth
Series
2013A,
5.000%,
8/01/38,
(Pre-
refunded
8/01/22)
8/22
at
100.00
AA-
516,060
2,000
South
Central
Connecticut
Regional
Water
Authority,
Water
System
Revenue
Bonds,
Twenty-Seventh
Series
2012,
5.000%,
8/01/30,
(Pre-
refunded
8/01/22)
-
FGIC
Insured
8/22
at
100.00
AA-
2,064,240
600
Stratford,
Connecticut,
General
Obligation
Bonds,
Series
2014,
5.000%,
12/15/34,
(Pre-refunded
12/15/22)
12/22
at
100.00
AA-
629,778
3,000
Waterbury,
Connecticut,
General
Obligation
Bonds,
Series
2012A,
5.000%,
8/01/30,
(Pre-refunded
8/01/22)
8/22
at
100.00
AA-
3,096,360
24,510
Total
U.S.
Guaranteed
26,673,610
Utilities
-
10.1%
415
Connecticut
Municipal
Electric
Energy
Cooperative,
Power
Supply
System
Revenue
Bonds,
Series
2013A,
5.000%,
1/01/38
1/23
at
100.00
Aa3
434,244
3,170
Connecticut
Transmission
Municipal
Electric
Energy
Cooperative,
Transmission
System
Revenue
Bonds,
Series
2012A,
5.000%,
1/01/42
1/22
at
100.00
Aa3
3,182,300
Connecticut,
State
Revolving
Fund
General
Revenue
Bonds,
Green
Series
2019A:
1,700
4.000%,
2/01/38
2/29
at
100.00
AAA
2,017,203
2,000
5.000%,
2/01/39
2/29
at
100.00
AAA
2,524,260
60
Greater
New
Haven
Water
Pollution
Control
Authority,
Connecticut,
Regional
Wastewater
System
Revenue
Bonds,
Series
2005A,
5.000%,
8/15/35
-
NPFG
Insured
12/21
at
100.00
AA+
60,241
2,040
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
7/01/40
7/27
at
100.00
A-
2,361,973
295
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2020A,
5.000%,
1/01/50
7/30
at
100.00
A-
361,588
1,000
Guam
Power
Authority,
Revenue
Bonds,
Series
2014A,
5.000%,
10/01/39
10/24
at
100.00
AA
1,099,720
1,500
Hartford
County
Metropolitan
District,
Connecticut,
Clean
Water
Project
Revenue
Bonds,
Series
2020A,
5.000%,
10/01/45
10/30
at
100.00
Aa2
1,911,465
Mattabassett
District
Cromwell,
Connecticut,
Revenue
Bonds,
Refunding
Series
2021:
700
4.000%,
8/01/32
-
BAM
Insured
8/31
at
100.00
AA
854,441
1,580
4.000%,
8/01/33
-
BAM
Insured
8/31
at
100.00
AA
1,924,819
2,010
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A,
5.000%,
7/01/30,
144A
No
Opt.
Call
N/R
2,512,661
3,000
South
Central
Connecticut
Regional
Water
Authority,
Water
System
Revenue
Bonds,
Refunding
Thirty-third
Series
2017B-1,
5.000%,
8/01/41
8/28
at
100.00
AA-
3,708,960
2,915
South
Central
Connecticut
Regional
Water
Authority,
Water
System
Revenue
Bonds,
Thirty-Fourth
Series
2019C,
5.000%,
8/01/44
8/29
at
100.00
AA-
3,652,087
500
Stamford,
Connecticut,
Water
Pollution
Control
System
and
Facility
Revenue
Bonds,
Series
2013A,
5.250%,
8/15/43
8/23
at
100.00
AA+
539,540
750
Stamford,
Connecticut,
Water
Pollution
Control
System
and
Facility
Revenue
Bonds,
Series
2019,
4.000%,
4/01/44
4/29
at
100.00
AA+
874,852
57
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
(continued)
Stamford,
Connecticut,
Water
Pollution
Control
System
and
Facility
Revenue
Bonds,
Series
2020A:
$
300
3.000%,
11/15/32
11/30
at
100.00
AA+
$
338,304
395
3.000%,
11/15/33
11/30
at
100.00
AA+
444,644
1,300
4.000%,
11/15/45
11/30
at
100.00
AA+
1,557,010
25,630
Total
Utilities
30,360,312
$
259,580
Total
Long-Term
Investments
(cost
$279,711,831)
296,791,105
Floating
Rate
Obligations
-
(0.5)%
(
1,570,000
)
Other
Assets
Less
Liabilities
-
1.4%
4,408,968
Net
Assets
-
100%
$
299,630,073
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
296,791,105
$
–
$
296,791,105
(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
the
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
UB
Underlying
bond
of
an
inverse
floating
rate
trust
reflected
as
a
financing
transaction.
58
Nuveen
Massachusetts
Municipal
Bond
Fund
Portfolio
of
Investments
November
30,
2021
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
95.9%   
MUNICIPAL
BONDS
-
95.9%
Education
and
Civic
Organizations
-
18.9%
$
1,315
Lowell,
Massachusetts,
Collegiate
Charter
School
Revenue
Bonds,
Series
2019,
5.000%,
6/15/39
6/26
at
100.00
N/R
$
1,428,655
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Bentley
College
Issue,
Series
2021A,
4.000%,
7/01/40
7/31
at
100.00
A2
1,193,090
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Berklee
College
of
Music,
Series
2016:
1,260
5.000%,
10/01/39
10/26
at
100.00
A
1,488,324
5,165
5.000%,
10/01/46
10/26
at
100.00
A
6,076,313
3,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
College,
Series
2013S,
5.000%,
7/01/32
7/23
at
100.00
AA-
3,205,170
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
College,
Series
2017T:
2,350
5.000%,
7/01/39
7/27
at
100.00
AA-
2,832,854
1,020
5.000%,
7/01/42
7/27
at
100.00
AA-
1,227,305
5,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
University,
Series
2013X,
5.000%,
10/01/48
10/23
at
100.00
AA-
5,392,400
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Brandeis
University
Issue,
Series
2018R:
1,195
5.000%,
10/01/37
10/28
at
100.00
A+
1,479,315
840
5.000%,
10/01/38
10/28
at
100.00
A+
1,038,349
1,000
5.000%,
10/01/39
10/28
at
100.00
A+
1,234,150
3,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emerson
College,
Series
2015,
5.000%,
1/01/35
1/25
at
100.00
BBB+
3,330,570
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emerson
College,
Series
2016A:
1,510
5.250%,
1/01/42
1/27
at
100.00
BBB+
1,770,535
1,500
5.000%,
1/01/47
1/27
at
100.00
BBB+
1,731,120
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emerson
College,
Series
2017A:
1,600
5.000%,
1/01/37
1/28
at
100.00
BBB+
1,916,784
6,020
5.000%,
1/01/40
1/28
at
100.00
BBB+
7,183,305
2,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emerson
College,
Series
2018,
5.000%,
1/01/43
1/28
at
100.00
BBB+
2,375,060
2,500
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emmanuel
College,
Series
2016A,
5.000%,
10/01/43
10/26
at
100.00
Baa2
2,902,825
1,665
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Harvard
University,
Series
2020A,
5.000%,
10/15/30
No
Opt.
Call
AAA
2,231,683
2,055
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Lesley
University,
Series
2016,
5.000%,
7/01/36
7/26
at
100.00
A-
2,416,844
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
MCPHS
University
Issue,
Series
2015H:
550
3.500%,
7/01/35
7/25
at
100.00
AA
594,704
235
5.000%,
7/01/37
7/25
at
100.00
AA
269,115
700
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Merrimack
College,
Series
2017,
5.000%,
7/01/37
7/26
at
100.00
BBB-
813,694
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Northeastern
University,
Series
2014A:
1,125
5.000%,
3/01/39
3/24
at
100.00
A1
1,233,844
2,065
5.000%,
3/01/44
3/24
at
100.00
A1
2,263,818
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Northeastern
University,
Series
2020A,
5.000%,
10/01/35
10/30
at
100.00
A1
1,305,840
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Simmons
College,
Series
2013J,
5.250%,
10/01/39
10/23
at
100.00
BBB+
1,071,130
1,680
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Simmons
University
Issue,
Series
2020M,
5.000%,
10/01/39
10/30
at
100.00
BBB+
2,099,345
2,495
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Sterling
and
Francine
Clark
Art
Institute,
Series
2015,
5.000%,
7/01/33
7/25
at
100.00
AA
2,878,806
59
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
$
2,415
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Sterling
and
Francine
Clark
Art
Institute,
Series
2016,
4.000%,
7/01/41
1/27
at
100.00
AA
$
2,737,378
610
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Suffolk
University,
Refunding
Series
2019,
5.000%,
7/01/37
7/29
at
100.00
Baa2
745,670
5,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Suffolk
University,
Refunding
Series
2020A,
4.000%,
7/01/45
7/30
at
100.00
Baa2
5,742,750
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Suffolk
University,
Series
2021:
570
4.000%,
7/01/46
7/31
at
100.00
Baa2
662,642
1,470
4.000%,
7/01/51
7/31
at
100.00
Baa2
1,699,761
1,500
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
The
Broad
Institute,
Series
2017,
5.000%,
4/01/36
10/27
at
100.00
AA-
1,822,635
875
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Tufts
University,
Series
2015Q,
5.000%,
8/15/38
8/25
at
100.00
AA-
1,004,412
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Wheaton
College,
Series
2017H,
5.000%,
1/01/37
1/28
at
100.00
Baa1
1,197,350
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Williams
College,
Refunding
Series
2021T:
345
5.000%,
7/01/34
7/31
at
100.00
AA+
460,630
440
5.000%,
7/01/35
7/31
at
100.00
AA+
585,965
360
5.000%,
7/01/36
7/31
at
100.00
AA+
478,768
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Woods
Hole
Oceanographic
Institution,
Series
2018:
1,000
5.000%,
6/01/37
6/28
at
100.00
AA-
1,236,640
1,000
5.000%,
6/01/38
6/28
at
100.00
AA-
1,235,640
2,400
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Worcester
Polytechnic
Institute,
Series
2012,
5.000%,
9/01/50
9/22
at
100.00
A
2,480,424
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Worcester
Polytechnic
Institute,
Series
2017B:
5,000
5.000%,
9/01/42
9/27
at
100.00
A
6,067,100
5,000
5.000%,
9/01/45
9/27
at
100.00
A
6,040,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Worcester
Polytechnic
Institute,
Series
2019:
745
5.000%,
9/01/33
9/29
at
100.00
A
941,851
3,500
5.000%,
9/01/49
9/29
at
100.00
A
4,313,015
Massachusetts
Development
Finance
Authority,
Revenue
Bonds,
Suffolk
University,
Refunding
Series
2017:
700
5.000%,
7/01/35
7/27
at
100.00
Baa2
823,088
500
5.000%,
7/01/36
7/27
at
100.00
Baa2
587,125
2,345
Massachusetts
Development
Finance
Authority,
Revenue
Bonds,
WGBH
Educational
Foundation,
Refunding
Series
2016,
5.000%,
1/01/36
7/26
at
100.00
AA-
2,784,500
2,100
Massachusetts
Development
Finance
Authority,
Revenue
Bonds,
WGBH
Educational
Foundation,
Series
2002A,
5.750%,
1/01/42
-
AMBAC
Insured
No
Opt.
Call
AA-
3,254,097
360
Massachusetts
Educational
Financing
Authority,
Education
Loan
Revenue
Bonds,
Issue
J,
Series
2011,
5.625%,
7/01/33,
(AMT)
12/21
at
100.00
AA
360,454
1,655
Massachusetts
Educational
Financing
Authority,
Education
Loan
Revenue
Bonds,
Issue
J,
Series
2016,
5.000%,
7/01/24,
(AMT)
No
Opt.
Call
AA
1,822,172
745
Massachusetts
Educational
Financing
Authority,
Education
Loan
Revenue
Bonds,
Issue
K,
Series
2013,
5.250%,
7/01/29,
(AMT)
7/22
at
100.00
AA
762,470
Massachusetts
Educational
Financing
Authority,
Education
Loan
Revenue
Bonds,
Issue
K,
Series
2017A:
1,480
5.000%,
7/01/24,
(AMT)
No
Opt.
Call
AA
1,629,495
1,150
5.000%,
7/01/26,
(AMT)
No
Opt.
Call
AA
1,339,163
Massachusetts
Educational
Financing
Authority,
Education
Loan
Revenue
Bonds,
Issue
L,
Senior
Series
2020B:
850
5.000%,
7/01/29,
(AMT)
No
Opt.
Call
AA
1,053,328
1,000
5.000%,
7/01/30,
(AMT)
No
Opt.
Call
AA
1,260,450
1,000
Massachusetts
Educational
Financing
Authority,
Student
Loan
Revenue
Bonds,
Issue
I
Series
2014,
5.000%,
1/01/27,
(AMT)
1/25
at
100.00
AA
1,109,160
2,500
University
of
Massachusetts
Building
Authority,
Project
Revenue
Bonds,
Senior
Series
2015-1,
5.000%,
11/01/40
11/25
at
100.00
Aa2
2,917,775
Nuveen
Massachusetts
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
60
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
University
of
Massachusetts
Building
Authority,
Project
Revenue
Bonds,
Senior
Series
2020-1:
$
4,000
5.000%,
11/01/37
11/29
at
100.00
Aa2
$
5,132,880
1,545
5.000%,
11/01/39
11/29
at
100.00
Aa2
1,975,700
2,870
5.000%,
11/01/45
11/29
at
100.00
Aa2
3,644,125
University
of
Massachusetts
Building
Authority,
Revenue
Bonds,
Refunding
Senior
Series
2019-1:
1,000
5.000%,
5/01/38
5/29
at
100.00
Aa2
1,264,160
2,000
5.000%,
5/01/39
5/29
at
100.00
Aa2
2,523,960
University
of
Massachusetts
Building
Authority,
Revenue
Bonds,
Refunding
Senior
Series
2021-1:
1,400
5.000%,
11/01/29
No
Opt.
Call
Aa2
1,828,904
3,000
5.000%,
11/01/30
No
Opt.
Call
Aa2
4,006,860
121,275
Total
Education
and
Civic
Organizations
144,517,444
Health
Care
-
17.4%
5,915
Massachusetts
Development
Finance
Agency
Revenue
Bonds,
Children's
Hospital
Issue,
Series
2014P,
5.000%,
10/01/46
10/24
at
100.00
AA
6,629,355
2,160
Massachusetts
Development
Finance
Agency
Revenue
Bonds,
South
Shore
Hospital,
Series
2016I,
5.000%,
7/01/41
7/26
at
100.00
BBB+
2,513,441
6,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Atrius
Health
Issue,
Series
2019A,
5.000%,
6/01/39
6/29
at
100.00
BBB
7,381,560
3,200
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Baystate
Medical
Center
Issue,
Series
2014N,
5.000%,
7/01/44
7/24
at
100.00
A+
3,519,776
1,455
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Berkshire
Health
Systems
Issue,
Refunding
Series
2021-I,
5.000%,
10/01/29
No
Opt.
Call
AA-
1,879,627
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Beth
Israel
Lahey
Health
Issue,
Series
2019K:
1,250
5.000%,
7/01/36
7/29
at
100.00
A
1,559,088
2,650
5.000%,
7/01/37
7/29
at
100.00
A
3,298,746
1,400
5.000%,
7/01/38
7/29
at
100.00
A
1,739,990
275
5.000%,
7/01/39
7/29
at
100.00
A
341,184
250
5.000%,
7/01/41
7/29
at
100.00
A
308,488
3,905
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
Medical
Center
Issue,
Green
Bonds,
Series
2015D,
5.000%,
7/01/44
7/25
at
100.00
BBB
4,422,725
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
Medical
Center
Issue,
Series
2016E:
2,000
5.000%,
7/01/32
7/26
at
100.00
BBB
2,338,460
1,625
5.000%,
7/01/36
7/26
at
100.00
BBB
1,889,745
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
CareGroup
Issue,
Refunding
Series
2016-I:
1,675
5.000%,
7/01/30
7/26
at
100.00
A
1,972,447
1,500
5.000%,
7/01/37
7/26
at
100.00
A
1,761,150
1,935
5.000%,
7/01/38
7/26
at
100.00
A
2,270,529
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
CareGroup
Issue,
Series
2015H-1:
900
5.000%,
7/01/30
7/25
at
100.00
A
1,029,663
1,000
5.000%,
7/01/32
7/25
at
100.00
A
1,141,790
500
5.000%,
7/01/33
7/25
at
100.00
A
570,325
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
CareGroup
Issue,
Series
2018J-2:
5,000
5.000%,
7/01/43
7/28
at
100.00
A
6,069,400
4,100
5.000%,
7/01/48
7/28
at
100.00
A
4,949,397
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Dana-Farber
Cancer
Institute
Issue,
Series
2016N:
1,925
5.000%,
12/01/41
12/26
at
100.00
A1
2,279,046
6,100
5.000%,
12/01/46
12/26
at
100.00
A1
7,192,693
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Lahey
Health
System
Obligated
Group
Issue,
Series
2015F:
2,645
5.000%,
8/15/35
8/25
at
100.00
A
3,021,622
5,325
5.000%,
8/15/45
8/25
at
100.00
A
6,062,406
61
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Health
Care
(continued)
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Mass
General
Brigham,
Sereis
2020A-2:
$
3,000
5.000%,
7/01/37
1/30
at
100.00
AA-
$
3,826,950
2,145
5.000%,
7/01/39
1/30
at
100.00
AA-
2,724,772
3,535
4.000%,
7/01/40
1/30
at
100.00
AA-
4,161,897
1,490
4.000%,
7/01/41
1/30
at
100.00
AA-
1,750,437
1,545
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Milford
Regional
Medical
Center
Issue,
Series
2014F,
5.750%,
7/15/43
7/23
at
100.00
BB+
1,634,363
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Milford
Regional
Medical
Center
Issue,
Series
2020G:
100
5.000%,
7/15/30,
144A
No
Opt.
Call
BB+
125,037
100
5.000%,
7/15/37,
144A
7/30
at
100.00
BB+
123,975
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Partners
HealthCare
System
Issue,
Series
2016Q:
1,250
4.000%,
7/01/41
7/26
at
100.00
AA-
1,403,875
2,250
5.000%,
7/01/41
7/26
at
100.00
AA-
2,657,475
6,710
5.000%,
7/01/47
7/26
at
100.00
AA-
7,895,523
6,330
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Partners
HealthCare
System
Issue,
Series
2017S-1,
4.000%,
7/01/41
1/28
at
100.00
AA-
7,247,217
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Southcoast
Health
System
Obligated
Group
Issue,
Series
2013F,
5.000%,
7/01/37
7/23
at
100.00
BBB+
1,061,700
365
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Southcoast
Health
System
Obligated
Group
Issue,
Series
2021G,
4.000%,
7/01/46
7/31
at
100.00
A-
430,215
3,800
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
The
Lowell
General
Hospital,
Series
2013G,
5.000%,
7/01/44
7/23
at
100.00
BBB+
4,057,906
890
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
UMass
Memorial
Health
Care
Obligated
Group
Issue,
Series
2017K,
5.000%,
7/01/38
1/27
at
100.00
A-
1,054,899
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
UMass
Memorial
Health
Care
Obligated
Group
Issue,
Series
2017L:
400
3.625%,
7/01/37
7/27
at
100.00
A-
433,656
6,855
5.000%,
7/01/44
7/27
at
100.00
A-
8,213,798
555
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
UMass
Memorial
Health
Care,
Series
2016I,
5.000%,
7/01/36
7/26
at
100.00
A-
651,637
500
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Wellforce
Issue,
Series
2019A,
5.000%,
7/01/44
1/29
at
100.00
BBB+
604,240
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Wellforce
Issue,
Series
2020C:
3,355
3.000%,
10/01/45
-
AGM
Insured
10/30
at
100.00
AA
3,589,078
3,400
4.000%,
10/01/45
-
AGM
Insured
10/30
at
100.00
AA
3,966,168
114,265
Total
Health
Care
133,757,471
Housing/Multifamily
-
2.0%
5,000
Massachusetts
Development
Finance
Agency,
Multifamily
Housing
Revenue
Bonds,
Salem
Heights
II
Preservation
Associates
LP,
Social
Series
2021A,
2.300%,
1/01/42
No
Opt.
Call
AA+
4,980,100
2,240
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Series
2019B-1,
3.100%,
12/01/44
12/28
at
100.00
AA
2,357,376
2,000
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Series
2020A-1,
3.000%,
12/01/45
12/28
at
100.00
AA
2,074,400
1,800
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Sustainability
Green
Series
2020C-1,
2.450%,
12/01/45
12/29
at
100.00
AA
1,817,136
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Sustainability
Green
Series
2020D-1:
1,500
2.200%,
12/01/40
6/30
at
100.00
AA
1,503,825
1,000
2.375%,
12/01/45
6/30
at
100.00
AA
1,000,470
Nuveen
Massachusetts
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
62
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Housing/Multifamily
(continued)
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Sustainability
Green
Series
2021A-1:
$
500
2.000%,
12/01/36
6/30
at
100.00
AA
$
501,470
410
2.375%,
12/01/46
6/30
at
100.00
AA
411,206
325
2.450%,
12/01/51
6/30
at
100.00
AA
324,795
14,775
Total
Housing/Multifamily
14,970,778
Housing/Single
Family
-
0.7%
1,500
Massachusetts
Housing
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2021-221,
2.300%,
6/01/44
6/30
at
100.00
AA+
1,501,695
Massachusetts
Housing
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2021-223:
1,200
1.950%,
6/01/32,
(WI/DD,
Settling
12/22/21)
12/30
at
100.00
N/R
1,205,880
750
2.000%,
12/01/32,
(WI/DD,
Settling
12/22/21)
12/30
at
100.00
N/R
753,450
1,380
2.050%,
6/01/33,
(WI/DD,
Settling
12/22/21)
12/30
at
100.00
N/R
1,386,210
500
2.100%,
12/01/33,
(WI/DD,
Settling
12/22/21)
12/30
at
100.00
N/R
502,610
5,330
Total
Housing/Single
Family
5,349,845
Long-Term
Care
-
0.8%
Massachusetts
Development
Finance
Agency
Revenue
Refunding
Bonds,
NewBridge
on
the
Charles,
Inc.
Issue,
Series
2017:
1,910
4.125%,
10/01/42,
144A
10/22
at
105.00
BB+
2,044,674
275
5.000%,
10/01/47,
144A
10/22
at
105.00
BB+
297,072
560
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Berkshire
Retirement
Community
Lennox,
Series
2015,
5.000%,
7/01/31
7/25
at
100.00
A+
636,082
525
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Carleton-
Willard
Village,
Series
2019,
5.000%,
12/01/42
12/25
at
103.00
A-
605,031
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Loomis
Communities,
Series
2013A:
240
5.250%,
1/01/26
1/23
at
100.00
BBB
252,713
790
5.750%,
1/01/28
1/23
at
100.00
BBB
836,104
550
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Loomis
Communities,
Series
2021,
4.000%,
1/01/51,
(WI/DD,
Settling
12/01/21)
1/27
at
103.00
N/R
606,177
400
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Orchard
Cove,
Inc.,
Refunding
Series
2019,
5.000%,
10/01/39
10/24
at
104.00
BBB
447,976
5,250
Total
Long-Term
Care
5,725,829
Tax
Obligation/General
-
12.9%
4,000
Attleboro,
Massachusetts,
General
Obligation
Bonds,
Municipal
Purpose
Loan
Series
2019,
4.000%,
2/15/44
2/27
at
100.00
AA
4,588,160
5,725
Boston,
Massachusetts,
General
Obligation
Bonds,
Series
2018A,
5.000%,
5/01/36
5/28
at
100.00
AAA
7,191,802
1,375
Bridgewater
and
Raynham
Regional
School
District,
Plymouth
County,
Massachusetts,
General
Obligation
Bonds,
School
Project
Loan
Chapter
70B
Series
2021,
4.000%,
2/01/28
-
BAM
Insured
No
Opt.
Call
AA
1,641,640
Central
Berkshire
Regional
School
District,
Dalton,
Massachusetts,
General
Obligation
Bonds,
State
Qualified
Series
2019:
1,400
3.000%,
6/01/38
6/28
at
100.00
AA
1,514,464
1,440
3.000%,
6/01/39
6/28
at
100.00
AA
1,555,243
1,490
3.000%,
6/01/40
6/28
at
100.00
AA
1,605,147
Fall
River,
Massachusetts,
General
Obligation
Bonds,
State
Qualified
Municipal
Purpose
Loan
Series
2021:
1,655
4.000%,
12/01/32
12/29
at
100.00
Aa2
2,006,837
1,610
4.000%,
12/01/33
12/29
at
100.00
Aa2
1,943,801
2,000
Higham,
Massachusetts,
General
Obligation
Bonds,
Water
Series
2020,
3.000%,
2/15/38
8/28
at
100.00
AAA
2,213,900
1,750
Hudson,
Massachusetts,
General
Obligation
Bonds,
Municipal
Purpose
Loan
Series
2011,
5.000%,
2/15/32
12/21
at
100.00
AA
1,756,527
3,000
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2015C,
5.000%,
7/01/45
7/25
at
100.00
Aa1
3,467,010
1,190
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2016A,
5.000%,
3/01/46
3/24
at
100.00
Aa1
1,310,726
63
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
$
3,000
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2017A,
5.000%,
4/01/42
4/27
at
100.00
Aa1
$
3,638,520
5,000
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2017F,
5.000%,
11/01/46
11/27
at
100.00
Aa1
6,143,550
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2018A:
3,750
5.000%,
1/01/42
1/28
at
100.00
Aa1
4,600,125
2,490
5.000%,
1/01/45
1/28
at
100.00
Aa1
3,049,951
950
5.000%,
1/01/46
1/28
at
100.00
Aa1
1,162,534
11,110
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2019A,
5.250%,
1/01/44
1/29
at
100.00
Aa1
14,116,366
10,000
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2019C,
5.000%,
5/01/42
5/29
at
100.00
Aa1
12,638,100
5,000
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2020C,
3.000%,
3/01/47
3/30
at
100.00
Aa1
5,326,700
5,500
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2020D,
5.000%,
7/01/48
7/30
at
100.00
Aa1
6,987,090
2,035
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2020E,
5.000%,
11/01/50
11/30
at
100.00
Aa1
2,599,855
2,500
Massachusetts
State,
General
Obligation
Bonds,
Refunding
Series
2020D,
4.000%,
11/01/40
11/30
at
100.00
Aa1
3,038,950
1,000
North
Reading,
Massachusetts,
General
Obligation
Bonds,
Municipal
Purpose
Loan
Series
2012,
5.000%,
5/15/35
5/22
at
100.00
Aa2
1,020,800
2,010
Pentucket
Regional
School
District,
Massachusetts,
General
Obligation
Bonds,
Series
2019,
3.000%,
9/01/43
9/27
at
100.00
Aa2
2,158,559
1,345
Waltham,
Massachusetts,
General
Obligation
Bonds,
School
Series
2020,
3.000%,
10/15/33
10/29
at
100.00
AA+
1,521,625
82,325
Total
Tax
Obligation/General
98,797,982
Tax
Obligation/Limited
-
24.5%
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D:
1,355
5.000%,
11/15/27
11/25
at
100.00
BB
1,559,429
1,000
5.000%,
11/15/39
11/25
at
100.00
BB
1,128,740
2,505
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Series
2011A,
5.125%,
1/01/42
1/22
at
100.00
BB
2,514,870
870
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Series
2012B-1,
5.000%,
1/01/37
1/22
at
100.00
BB
873,341
Guam
Government,
Limited
Obligation
Section
30
Revenue
Bonds,
Series
2016A:
1,160
5.000%,
12/01/31
12/26
at
100.00
BB
1,353,151
2,000
5.000%,
12/01/46
12/26
at
100.00
BB
2,292,540
1,010
Martha's
Vineyard
Land
Bank,
Massachusetts,
Revenue
Bonds,
Refunding
Green
Series
2014,
5.000%,
5/01/33
-
BAM
Insured
11/24
at
100.00
AA
1,134,018
500
Martha's
Vineyard
Land
Bank,
Massachusetts,
Revenue
Bonds,
Refunding
Green
Series
2017,
5.000%,
5/01/36
5/27
at
100.00
AA
600,395
6,345
Massachusetts
Bay
Transportation
Authority,
Assessment
Bonds,
Series
2012A,
5.000%,
7/01/41
7/22
at
100.00
AAA
6,514,285
1,920
Massachusetts
Bay
Transportation
Authority,
Sales
Tax
Revenue
Bonds,
Senior
Lien
Series
2007A-1,
5.250%,
7/01/30
No
Opt.
Call
AA
2,577,830
2,500
Massachusetts
Bay
Transportation
Authority,
Sales
Tax
Revenue
Bonds,
Senior
Lien
Series
2015A,
5.000%,
7/01/45
7/25
at
100.00
AA
2,885,325
Massachusetts
Bay
Transportation
Authority,
Sales
Tax
Revenue
Bonds,
Subordinated
Series
2020B-1:
2,000
5.000%,
7/01/32
7/30
at
100.00
AA
2,625,060
10,000
5.000%,
7/01/45
7/28
at
100.00
AA
12,391,100
Massachusetts
Bay
Transportation
Authority,
Sales
Tax
Revenue
Bonds,
Subordinated
Series
2021A-1:
2,500
4.000%,
7/01/40
7/31
at
100.00
AA
3,054,050
2,640
4.000%,
7/01/51
7/31
at
100.00
AA
3,158,470
5,570
Massachusetts
Bay
Transportation
Authority,
Sales
Tax
Revenue
Bonds,
Subordinated
Sustainability
Series
2017A-1,
5.000%,
7/01/41
7/27
at
100.00
AA
6,780,472
Nuveen
Massachusetts
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
64
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
Massachusetts
College
Building
Authority,
Project
Revenue
Bonds,
Refunding
Series
2003B:
$
1,010
5.375%,
5/01/22
-
SYNCORA
GTY
Insured
No
Opt.
Call
AA
$
1,031,634
1,125
5.375%,
5/01/23
-
SYNCORA
GTY
Insured
No
Opt.
Call
AA
1,206,034
2,500
5.500%,
5/01/39
-
SYNCORA
GTY
Insured
No
Opt.
Call
AA
3,736,800
1,310
Massachusetts
College
Building
Authority,
Revenue
Bonds,
Refunding
Series
2011A,
5.000%,
5/01/24
No
Opt.
Call
Aa2
1,454,965
1,650
Massachusetts
School
Building
Authority,
Dedicated
Sales
Tax
Revenue
Bonds,
Refunding
Senior
Series
2015C,
5.000%,
8/15/37
8/25
at
100.00
AAA
1,919,891
Massachusetts
School
Building
Authority,
Dedicated
Sales
Tax
Revenue
Bonds,
Senior
Social
Series
2020A:
13,470
5.000%,
8/15/45
8/30
at
100.00
AAA
17,342,086
3,020
5.000%,
8/15/50
8/30
at
100.00
AAA
3,856,631
7,000
Massachusetts
School
Building
Authority,
Dedicated
Sales
Tax
Revenue
Bonds,
Subordinated
Series
2018A,
5.250%,
2/15/48
2/28
at
100.00
AA+
8,730,890
9,960
Massachusetts
School
Building
Authority,
Dedicated
Sales
Tax
Revenue
Bonds,
Subordinated
Series
2019A,
5.000%,
2/15/44
2/29
at
100.00
AA+
12,466,135
Massachusetts
State,
Special
Obligation
Dedicated
Tax
Revenue
Bonds,
Refunding
Series
2005:
6,575
5.500%,
1/01/27
-
NPFG
Insured
No
Opt.
Call
A1
8,056,085
8,000
5.500%,
1/01/34
-
NPFG
Insured
No
Opt.
Call
AAA
10,923,440
2,800
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
&
Accelerated
Bridge
Program,
Series
2016A,
5.000%,
6/01/41
6/26
at
100.00
AA+
3,313,296
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
&
Accelerated
Bridge
Program,
Series
2021B:
6,000
5.000%,
6/01/43
6/30
at
100.00
AA+
7,687,920
3,985
5.000%,
6/01/46
6/30
at
100.00
AA+
5,076,850
1,270
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
&
Accelerated
Bridge
Programs,
Series
2017A,
5.000%,
6/01/42
6/27
at
100.00
AA+
1,540,967
4,000
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
&
Accelerated
Bridge
Programs,
Series
2018A,
5.250%,
6/01/43
6/28
at
100.00
AA+
5,027,720
7,000
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
&
Accelerated
Bridge
Programs,
Series
2019A,
5.000%,
6/01/49
6/29
at
100.00
AA+
8,727,320
3,500
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
Program,
Series
2015A,
5.000%,
6/01/45
6/25
at
100.00
AA+
4,012,645
4,805
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Refunding
Series
2017A,
5.000%,
6/01/43
12/27
at
100.00
AA+
5,937,923
5,000
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Refunding
Series
2021A,
5.000%,
6/01/42
6/31
at
100.00
N/R
6,568,850
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
3,177
4.550%,
7/01/40
7/28
at
100.00
N/R
3,608,850
4,510
0.000%,
7/01/46
7/28
at
41.38
N/R
1,508,144
4,300
4.750%,
7/01/53
7/28
at
100.00
N/R
4,873,233
2,208
5.000%,
7/01/58
7/28
at
100.00
N/R
2,534,894
1,155
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2,
4.329%,
7/01/40
7/28
at
100.00
N/R
1,296,487
3,015
Washington
State
Convention
Center
Public
Facilities
District,
Lodging
Tax
Revenue
Bonds,
Refunding
Series2021B.
Exchange
Purchase,
4.000%,
7/01/58
7/31
at
100.00
Baa1
3,424,799
156,220
Total
Tax
Obligation/Limited
187,307,565
65
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Transportation
-
6.5%
$
7,965
Massachusetts
Department
of
Transportation,
Metropolitan
Highway
System
Revenue
Bonds,
Commonwealth
Contract
Assistance
Secured,
Refunding
Subordinated
Series
2019C,
5.000%,
1/01/33
1/29
at
100.00
AA+
$
10,053,343
1,250
Massachusetts
Department
of
Transportation,
Metropolitan
Highway
System
Revenue
Bonds,
Refunding
Senior
Lien
Series
2019A,
5.000%,
1/01/37
1/29
at
100.00
A+
1,545,425
1,500
Massachusetts
Port
Authority,
Revenue
Bonds,
Refunding
Series
2017A,
5.000%,
7/01/42,
(AMT)
7/27
at
100.00
Aa2
1,794,120
1,250
Massachusetts
Port
Authority,
Revenue
Bonds,
Refunding
Series
2021A,
5.000%,
7/01/39
7/31
at
100.00
Aa2
1,647,675
1,200
Massachusetts
Port
Authority,
Revenue
Bonds,
Refunding
Series
2021B,
5.000%,
7/01/40,
(AMT)
7/31
at
100.00
Aa2
1,544,208
1,780
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2014A,
5.000%,
7/01/34
7/24
at
100.00
Aa2
1,986,925
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2015A:
1,425
5.000%,
7/01/40
7/25
at
100.00
Aa2
1,644,735
2,000
5.000%,
7/01/45
7/25
at
100.00
Aa2
2,308,260
5,960
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2019B,
5.000%,
7/01/44
7/29
at
100.00
Aa2
7,510,017
10,000
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2019C,
5.000%,
7/01/49,
(AMT)
7/29
at
100.00
Aa2
12,197,100
2,000
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2021E,
5.000%,
7/01/46,
(AMT)
7/31
at
100.00
Aa2
2,539,380
4,675
Massachusetts
Port
Authority,
Special
Facilities
Revenue
Bonds,
BOSFUEL
Corporation,
Series
2019A,
5.000%,
7/01/49,
(AMT)
7/29
at
100.00
A1
5,702,144
41,005
Total
Transportation
50,473,332
U.S.
Guaranteed
-
3.6%
(4)
1,045
Boston,
Massachusetts,
General
Obligation
Bonds,
Series
2013A,
4.000%,
3/01/25,
(Pre-refunded
3/01/23)
3/23
at
100.00
AAA
1,094,418
1,890
Massachusetts
College
Building
Authority,
Project
Revenue
Bonds,
Green
Series
2014B,
5.000%,
5/01/44,
(Pre-refunded
5/01/24)
5/24
at
100.00
Aa2
2,100,225
Massachusetts
College
Building
Authority,
Project
Revenue
Bonds,
Refunding
Series
2003B:
1,015
5.375%,
5/01/22
-
SYNCORA
GTY
Insured,
(ETM)
No
Opt.
Call
AA
1,036,873
1,145
Massachusetts
College
Building
Authority,
Revenue
Bonds,
Refunding
Series
2012B,
5.000%,
5/01/37,
(Pre-refunded
5/01/22)
5/22
at
100.00
Aa2
1,168,140
2,340
Massachusetts
Development
Finance
Agency,
Hospital
Revenue
Bonds,
Cape
Cod
Healthcare
Obligated
Group,
Series
2013,
5.250%,
11/15/41,
(Pre-refunded
11/15/23)
11/23
at
100.00
A
2,564,570
732
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
North
Hill
Communities
Issue,
Series
2013A,
6.250%,
11/15/28,
(Pre-refunded
11/15/23),
144A
11/23
at
100.00
N/R
806,166
2,500
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Partners
HealthCare
System,
Series
2014M-4,
5.000%,
7/01/44,
(Pre-refunded
7/01/23)
7/23
at
100.00
AA-
2,687,875
1,550
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Phillips
Academy
,
Series
2014A,
5.000%,
9/01/43,
(Pre-refunded
9/01/23)
9/23
at
100.00
AAA
1,678,263
2,750
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2012B,
5.000%,
7/01/32,
(Pre-refunded
7/01/22)
7/22
at
100.00
Aa2
2,826,643
Massachusetts
School
Building
Authority,
Dedicated
Sales
Tax
Revenue
Bonds,
Senior
Series
2013A:
1,475
5.000%,
5/15/38,
(Pre-refunded
5/15/23)
5/23
at
100.00
AAA
1,577,262
1,650
5.000%,
5/15/38,
(Pre-refunded
5/15/23)
5/23
at
100.00
N/R
1,763,140
7,500
University
of
Massachusetts
Building
Authority,
Project
Revenue
Bonds,
Senior
Lien
Series
2013-1,
5.000%,
11/01/39,
(Pre-refunded
11/01/22)
11/22
at
100.00
Aa2
7,831,275
25,592
Total
U.S.
Guaranteed
27,134,850
Nuveen
Massachusetts
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
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
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
-
8.6%
$
4,000
Boston
Water
and
Sewer
Commission,
Massachusetts,
General
Revenue
Bonds,
Senior
Series
2018A,
4.000%,
11/01/40
5/26
at
100.00
AAA
$
4,537,800
2,805
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
7/01/40
7/27
at
100.00
A-
3,247,713
670
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2016,
5.000%,
1/01/46
7/26
at
100.00
A-
755,150
2,700
Massachusetts
Clean
Water
Trust,
State
Revolving
Fund
Bonds,
Green
18
Series
2015,
5.000%,
2/01/45
2/24
at
100.00
AAA
2,952,639
1,750
Massachusetts
Clean
Water
Trust,
State
Revolving
Fund
Bonds,
Green
23
Series
2021B,
5.000%,
2/01/41
2/31
at
100.00
AAA
2,295,685
Massachusetts
Municipal
Wholesale
Electric
Company,
MMWEC,
Revenue
Bonds,
Project
2015A,
Series
2021A:
2,520
4.000%,
7/01/46,
(WI/DD,
Settling
12/01/21)
1/32
at
100.00
N/R
3,040,178
2,500
4.000%,
7/01/51,
(WI/DD,
Settling
12/01/21)
1/32
at
100.00
N/R
3,001,625
60
Massachusetts
Water
Pollution
Abatement
Trust,
Pooled
Loan
Program
Bonds,
Series
2003-9,
5.000%,
8/01/22
12/21
at
100.00
AAA
60,235
1,820
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Refunding
Green
Series
2016C,
5.000%,
8/01/40
8/26
at
100.00
AA+
2,173,207
2,695
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Refunding
Series
2007B,
5.250%,
8/01/33
-
AGM
Insured
No
Opt.
Call
AA+
3,883,845
1,000
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Refunding
Series
2016B,
5.000%,
8/01/40
8/26
at
100.00
AA+
1,194,070
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Series
2017B:
1,000
5.000%,
8/01/39
8/27
at
100.00
AA+
1,225,650
1,870
5.000%,
8/01/42
8/27
at
100.00
AA+
2,292,265
8,000
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Series
2019B,
5.000%,
8/01/44
8/29
at
100.00
AA+
10,142,160
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Series
2020B:
2,000
5.000%,
8/01/37
8/30
at
100.00
AA+
2,621,140
4,200
5.000%,
8/01/45
8/30
at
100.00
AA+
5,410,188
4,945
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A,
5.000%,
7/01/30,
144A
No
Opt.
Call
N/R
6,181,646
5,200
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Senior
Lien
Series
2012A,
5.250%,
7/01/42
7/22
at
100.00
CCC
5,344,404
2,900
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2004PP,
5.000%,
7/01/22
12/21
at
100.00
Baa2
2,943,152
1,010
Springfield
Water
and
Sewer
Commission,
Massachusetts,
General
Revenue
Bonds,
Series
2017C,
5.000%,
4/15/33
4/27
at
100.00
AA
1,225,271
625
Springfield
Water
and
Sewer
Commission,
Massachusetts,
General
Revenue
Bonds,
Series
2019E,
4.000%,
4/15/39
4/29
at
100.00
AA
736,769
54,270
Total
Utilities
65,264,792
$
620,307
Total
Long-Term
Investments
(cost
$691,334,369)
733,299,888
Other
Assets
Less
Liabilities
-
4.1%
31,689,196
Net
Assets
-
100%
$
764,989,084
67
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
733,299,888
$
–
$
733,299,888
(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
the
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)
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.
68
Nuveen
New
Jersey
Municipal
Bond
Fund
Portfolio
of
Investments
November
30,
2021
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
100.1%   
MUNICIPAL
BONDS
-
100.1%
Consumer
Discretionary
-
0.2%
Middlesex
County
Improvement
Authority,
New
Jersey,
Senior
Revenue
Bonds,
Heldrich
Center
Hotel/Conference
Center
Project,
Series
2005A:
$
935
5.000%,
1/01/32(4)
12/21
at
100.00
Caa3
$
683,092
240
5.125%,
1/01/37(4)
12/21
at
100.00
Caa3
162,459
1,175
Total
Consumer
Discretionary
845,551
Consumer
Staples
-
3.3%
Tobacco
Settlement
Financing
Corporation,
New
Jersey,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018A:
4,335
4.000%,
6/01/37
6/28
at
100.00
A-
4,952,781
325
5.000%,
6/01/46
6/28
at
100.00
BBB+
382,177
3,685
5.250%,
6/01/46
6/28
at
100.00
BBB+
4,413,746
4,415
Tobacco
Settlement
Financing
Corporation,
New
Jersey,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018B,
5.000%,
6/01/46
6/28
at
100.00
BB+
5,150,804
12,760
Total
Consumer
Staples
14,899,508
Education
and
Civic
Organizations
-
16.3%
Atlantic
County
Improvement
Authority,
New
Jersey,
General
Obligation
Lease
Revenue
Bonds,
Stockton
University
Atlantic
City
Campus
Phase
II,
Series
2021A:
1,000
4.000%,
7/01/47
-
AGM
Insured
7/31
at
100.00
AA
1,182,030
1,500
4.000%,
7/01/53
-
AGM
Insured
7/31
at
100.00
AA
1,762,785
1,250
Essex
County
Improvement
Authority,
New
Jersey,
General
Obligation
Lease
Revenue
Bonds,
Institute
of
Technology
CHF-Newark,
LLC-NJIT
Student
Housing
Project,
Series
2021A,
4.000%,
8/01/60
-
BAM
Insured
8/31
at
100.00
AA
1,459,937
1,000
Gloucester
County
Improvement
Authority,
New
Jersey,
Revenue
Bonds,
Rowan
University
Fossil
Park
&
Student
Center
Projects,
Series
2021,
4.000%,
7/01/46
-
BAM
Insured
7/30
at
100.00
AA
1,174,480
Gloucester
County
Improvement
Authority,
New
Jersey,
Revenue
Bonds,
Rowan
University
Project,
County
Gauranteed
Loan,
Series
2019:
3,000
5.000%,
7/01/44
7/29
at
100.00
Aa1
3,721,680
4,000
4.000%,
7/01/48
7/29
at
100.00
Aa1
4,583,400
225
New
Jersey
Economic
Development
Authority,
Charter
School
Revenue
Bonds,
Foundation
Academy
Charter
School,
Series
2018A,
5.000%,
7/01/38
1/28
at
100.00
BBB-
262,663
New
Jersey
Economic
Development
Authority,
Charter
School
Revenue
Bonds,
North
Star
Academy
Charter
School
of
Newark,
Series
2017:
2,780
4.000%,
7/15/37
7/27
at
100.00
BBB-
3,062,782
100
5.000%,
7/15/47
7/27
at
100.00
BBB-
114,542
100
New
Jersey
Economic
Development
Authority,
Charter
School
Revenue
Bonds,
Teaneck
Community
Charter
School,
Series
2017A,
5.125%,
9/01/52,
144A
9/27
at
100.00
BB
111,304
945
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
The
Seeing
Eye
Inc.,
Refunding
Series
2015,
5.000%,
3/01/25
No
Opt.
Call
A
1,079,823
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
The
Seeing
Eye
Inc.,
Refunding
Series
2017:
310
3.000%,
6/01/32
12/27
at
100.00
A
335,278
170
5.000%,
6/01/32
12/27
at
100.00
A
207,602
1,145
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
College
of
New
Jersey,
Refunding
Series
2016F,
3.000%,
7/01/40
7/26
at
100.00
A
1,213,597
1,800
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Kean
University,
Refunding
Series
2015H,
4.000%,
7/01/39
-
AGM
Insured
7/25
at
100.00
AA
1,961,946
69
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Montclair
State
University,
Series
2015D:
$
2,000
5.000%,
7/01/31
7/25
at
100.00
A+
$
2,288,400
1,055
3.750%,
7/01/33
7/25
at
100.00
A+
1,143,715
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Ramapo
College,
Refunding
Series
2012B:
525
5.000%,
7/01/37
7/22
at
100.00
A
537,763
100
5.000%,
7/01/42
7/22
at
100.00
A
102,444
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Rider
University,
Series  2017F:
360
3.750%,
7/01/37
7/27
at
100.00
BB+
369,111
1,370
4.000%,
7/01/42
7/27
at
100.00
BB+
1,414,950
2,445
5.000%,
7/01/47
7/27
at
100.00
BB+
2,666,884
1,225
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Seton
Hall
University,
Refunding
Series
2015C,
5.000%,
7/01/32
7/25
at
100.00
BBB+
1,365,177
710
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Seton
Hall
University,
Series
2013D,
5.000%,
7/01/38
7/23
at
100.00
BBB+
746,750
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Seton
Hall
University,
Series
2016C:
1,870
3.000%,
7/01/41
7/26
at
100.00
BBB+
1,930,046
2,430
3.000%,
7/01/46
7/26
at
100.00
BBB+
2,493,228
1,085
4.000%,
7/01/46
7/26
at
100.00
BBB+
1,170,303
1,000
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Seton
Hall
University,
Series
2020C,
3.250%,
7/01/49
-
AGM
Insured
7/30
at
100.00
AA
1,066,600
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Stevens
Institute
of
Technology
Issue,
Green
Series
2020A:
4,000
5.000%,
7/01/45
7/30
at
100.00
BBB+
4,942,160
500
4.000%,
7/01/50
7/30
at
100.00
BBB+
571,695
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Stevens
Institute
of
Technology,
Series
2017A:
1,000
5.000%,
7/01/42
7/27
at
100.00
BBB+
1,171,980
500
4.000%,
7/01/47
7/27
at
100.00
BBB+
551,670
1,310
5.000%,
7/01/47
7/27
at
100.00
BBB+
1,525,429
1,375
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
William
Paterson
University,
Series
2017B,
5.000%,
7/01/47
-
AGM
Insured
7/27
at
100.00
AA
1,638,051
630
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Refunding
Senior
Series
2019A,
2.375%,
12/01/29
6/28
at
100.00
Aa1
643,753
835
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Refunding
Senior
Series
2021B,
2.500%,
12/01/40,
(AMT)
12/29
at
100.00
AA
854,013
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Refunding
Series
2018A:
2,875
3.750%,
12/01/31,
(AMT)
6/28
at
100.00
Aaa
3,061,472
655
4.000%,
12/01/35,
(AMT)
6/28
at
100.00
Aaa
694,235
770
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Refunding
Subordinate
Series
2021C,
3.250%,
12/01/51,
(AMT)
12/29
at
100.00
BBB
778,231
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Senior
Lien
Series
2016-1A:
1,505
3.500%,
12/01/32,
(AMT)
12/25
at
100.00
Aaa
1,559,346
340
4.000%,
12/01/39,
(AMT)
12/25
at
100.00
Aaa
359,179
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Senior
Lien
Series
2017-1A:
1,170
3.750%,
12/01/33,
(AMT)
12/26
at
100.00
Aaa
1,240,036
140
4.000%,
12/01/40,
(AMT)
12/26
at
100.00
Aaa
147,898
1,470
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Senior
Series
2019B,
3.250%,
12/01/39,
(AMT)
6/28
at
100.00
Aa1
1,556,892
735
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Senior
Series
2020B,
3.500%,
12/01/39,
(AMT)
12/28
at
100.00
Aa1
780,526
475
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Series
2012-1A,
4.375%,
12/01/26,
(AMT)
12/22
at
100.00
Aaa
490,114
500
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Series
2012-1B,
5.750%,
12/01/39,
(AMT)
12/22
at
100.00
Aaa
521,330
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
70
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Series
2013-1A:
$
510
3.625%,
12/01/25,
(AMT)
12/22
at
100.00
Aaa
$
521,776
825
4.000%,
12/01/28,
(AMT)
12/22
at
100.00
Aaa
844,288
405
4.000%,
12/01/31,
(AMT)
12/22
at
100.00
Aaa
413,497
425
4.125%,
12/01/35,
(AMT)
12/22
at
100.00
Aaa
433,887
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Series
2014-1A-1:
590
4.250%,
12/01/32,
(AMT)
12/23
at
100.00
Aaa
616,520
575
4.500%,
12/01/36,
(AMT)
12/23
at
100.00
Aaa
600,766
1,335
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Series
2015-1A,
4.000%,
12/01/30,
(AMT)
12/24
at
100.00
Aaa
1,400,028
1,815
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Subordinate
Series
2017-C,
4.250%,
12/01/47,
(AMT)
12/26
at
100.00
Aaa
1,951,198
1,445
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Subordinate
Series
2019C,
3.625%,
12/01/49,
(AMT)
6/28
at
100.00
A2
1,484,492
3,005
New
Jersey
Institute
of
Technology,
New
Jersey,
General
Obligation
Bonds,
Series
2015A,
5.000%,
7/01/45
7/25
at
100.00
A1
3,427,954
67,215
Total
Education
and
Civic
Organizations
74,311,636
Financials
-
0.1%
500
New
Jersey
Economic
Development
Authority,
Revenue
Refunding
Bonds,
Kapkowski
Road
Landfill
Project,
Series
2002,
6.500%,
4/01/28
No
Opt.
Call
Ba2
545,280
Health
Care
-
13.0%
Camden
County
Improvement
Authority,
New
Jersey,
Health
Care
Redevelopment
Revenue
Bonds,
Cooper
Health
System
Obligated
Group
Issue,
Refunding
Series
2014A:
1,720
5.000%,
2/15/25
2/24
at
100.00
BBB+
1,884,346
800
5.000%,
2/15/28
2/24
at
100.00
BBB+
872,712
2,000
5.000%,
2/15/33
2/24
at
100.00
BBB+
2,170,700
800
Camden
County
Improvement
Authority,
New
Jersey,
Health
Care
Redevelopment
Revenue
Bonds,
Cooper
Health
System
Obligated
Group
Issue,
Series
2013A,
5.750%,
2/15/42
2/23
at
100.00
BBB+
843,104
New
Jersey
Health
Care
Facilities
Authority,
Revenue
Bonds,
Atlanticare
Health
System
Obligated
Group
Issue,
Series
2021:
1,300
2.375%,
7/01/46
7/31
at
100.00
AA-
1,266,408
1,165
3.000%,
7/01/51
7/31
at
100.00
AA-
1,234,434
195
New
Jersey
Health
Care
Facilities
Finance
Authority,
Revenue
Bonds,
AHS
Hospital
Corporation,
Series
2008A,
5.000%,
7/01/27
12/21
at
100.00
AA-
195,784
New
Jersey
Health
Care
Facilities
Financing
Authority,
New
Jersey,
Revenue
Bonds,
Saint
Peters
University
Hospital,
Refunding
Series
2011:
815
6.000%,
7/01/26
12/21
at
100.00
BB+
817,657
700
6.250%,
7/01/35
12/21
at
100.00
BB+
702,373
1,545
New
Jersey
Health
Care
Facilities
Financing
Authority,
New
Jersey,
Revenue
Bonds,
Saint
Peters
University
Hospital,
Series
2007,
5.750%,
7/01/37
12/21
at
100.00
BB+
1,550,284
560
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
AHS
Hospital
Corporation,
Refunding
Series
2016,
4.000%,
7/01/41
1/27
at
100.00
AA-
630,930
2,130
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Barnabas
Health,
Refunding
Series
2014A,
5.000%,
7/01/44
7/24
at
100.00
AA-
2,364,769
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Hackensack
Meridian
Health
Obligated
Group,
Refunding
Series
2017A:
3,230
5.000%,
7/01/28
7/27
at
100.00
AA-
3,962,015
2,040
5.000%,
7/01/57
7/27
at
100.00
AA-
2,441,003
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Hunterdon
Medical
Center,
Refunding
Series
2014A:
1,000
4.000%,
7/01/45
7/24
at
100.00
A+
1,063,590
71
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Health
Care
(continued)
$
4,460
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Inspira
Health
Obligated
Group
Issue,
Refunding
Series
2016A,
4.000%,
7/01/41
7/26
at
100.00
AA-
$
4,920,986
4,840
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Inspira
Health
Obligated
Group
Issue,
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
AA-
5,832,345
570
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Meridian
Health
System
Obligated
Group,
Refunding
Series
2013A,
5.000%,
7/01/32
7/23
at
100.00
AA-
607,768
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Princeton
HealthCare
System,
Series
2016A:
460
5.000%,
7/01/32
7/26
at
100.00
AA
546,489
575
5.000%,
7/01/33
7/26
at
100.00
AA
682,542
600
5.000%,
7/01/34
7/26
at
100.00
AA
711,624
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Robert
Wood
Johnson
University
Hospital
Issue,
Series
2014A:
2,010
5.000%,
7/01/39
7/24
at
100.00
AA-
2,240,889
630
5.000%,
7/01/43
7/24
at
100.00
AA-
702,021
2,910
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
RWJ
Barnabas
Health
Obligated
Group,
Refunding
Series
2016A,
5.000%,
7/01/43
7/26
at
100.00
AA-
3,429,842
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Saint
Joseph's
Healthcare
System
Obligated
Group
Issue,
Refunding
Series
2016:
2,710
3.000%,
7/01/32
7/26
at
100.00
BBB-
2,880,323
330
4.000%,
7/01/34
7/26
at
100.00
BBB-
368,825
3,085
5.000%,
7/01/41
7/26
at
100.00
BBB-
3,568,944
1,685
4.000%,
7/01/48
7/26
at
100.00
BBB-
1,853,264
470
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Saint
Luke's
Warren
Hospital
Obligated
Group,
Series
2013,
4.000%,
8/15/37
8/23
at
100.00
A-
490,948
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
University
Hospital
Issue,
Refunding
Series
2015A:
1,500
4.125%,
7/01/38
-
AGM
Insured
7/25
at
100.00
AA
1,622,805
1,385
5.000%,
7/01/46
-
AGM
Insured
7/25
at
100.00
AA
1,575,701
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Valley
Health
System
Obligated
Group,
Series
2019:
1,670
4.000%,
7/01/44
7/29
at
100.00
A+
1,931,121
3,310
3.000%,
7/01/49
7/29
at
100.00
A+
3,528,063
53,200
Total
Health
Care
59,494,609
Housing/Multifamily
-
5.9%
600
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
Provident
Group
-
Kean
Properties
LLC
-
Kean
University
Student
Housing
Project,
Series
2017A,
5.000%,
7/01/47
1/27
at
100.00
B
653,484
2,440
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
West
Campus
Housing
LLC
-
New
Jersey
City
University
Student
Housing
Project,
Series
2015,
5.000%,
7/01/47
7/25
at
100.00
BB-
2,572,175
2,355
New
Jersey
Housing
&
Mortgage
Finance
Agency,
Multifamily
Conduit
Revenue
Bonds,
Riverside
Village
Family
Apartments
Phase
1
Project,
Series
2019F,
1.350%,
12/01/22
No
Opt.
Call
Aaa
2,379,209
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Housing
Revenue
Bonds,
Series
2013-2:
1,770
4.350%,
11/01/33,
(AMT)
11/22
at
100.00
AA
1,807,701
1,015
4.600%,
11/01/38,
(AMT)
11/22
at
100.00
AA
1,037,117
1,010
4.750%,
11/01/46,
(AMT)
11/22
at
100.00
AA
1,031,331
1,560
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2015A,
4.000%,
11/01/45
11/24
at
100.00
AA-
1,634,802
1,135
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2016A,
3.750%,
11/01/45
11/25
at
100.00
AA-
1,201,091
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
72
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Housing/Multifamily
(continued)
$
2,105
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2016B,
3.600%,
11/01/40
11/25
at
100.00
AA-
$
2,216,775
875
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2017D,
3.900%,
11/01/32,
(AMT)
5/26
at
100.00
AA-
947,144
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2018A:
1,915
3.600%,
11/01/33
11/27
at
100.00
AA-
2,099,185
1,865
3.875%,
11/01/38
11/27
at
100.00
AA-
2,058,345
1,045
3.950%,
11/01/43
11/27
at
100.00
AA-
1,149,124
650
4.000%,
11/01/48
11/27
at
100.00
AA-
712,913
500
4.100%,
11/01/53
11/27
at
100.00
AA-
549,690
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2019A:
1,750
2.900%,
11/01/39
11/28
at
100.00
AA-
1,857,730
515
3.000%,
11/01/44
11/28
at
100.00
AA-
543,475
870
3.050%,
11/01/49
11/28
at
100.00
AA-
915,640
465
3.150%,
5/01/53
11/28
at
100.00
AA-
490,947
600
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2020A,
2.450%,
11/01/45
11/29
at
100.00
AA-
607,824
25,040
Total
Housing/Multifamily
26,465,702
Housing/Single
Family
-
4.3%
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2018A:
1,895
3.600%,
4/01/33
10/27
at
100.00
AA
2,028,995
1,240
3.750%,
10/01/35
10/27
at
100.00
AA
1,336,212
2,345
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2018B,
3.800%,
10/01/32,
(AMT)
10/27
at
100.00
AA
2,532,319
2,710
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2019C,
4.000%,
4/01/49
4/28
at
100.00
AA
2,933,873
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2020E:
1,705
2.250%,
10/01/40
4/29
at
100.00
AA
1,726,108
1,800
3.500%,
4/01/51
4/29
at
102.44
AA
1,967,238
7,255
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2021H,
2.300%,
10/01/46
4/30
at
100.00
AA
7,097,712
18,950
Total
Housing/Single
Family
19,622,457
Long-Term
Care
-
1.2%
530
New
Jersey
Economic
Development
Authority,
Fixed
Rate
Revenue
Bonds,
Lions
Gate
Project,
Series
2014,
5.250%,
1/01/44
1/24
at
100.00
N/R
541,024
1,215
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
United
Methodist
Homes
of
New
Jersey
Obligated
Group
Issue,
Refunding
Series
2013,
5.000%,
7/01/34
7/23
at
100.00
BB+
1,263,673
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
United
Methodist
Homes
of
New
Jersey
Obligated
Group
Issue,
Refunding
Series
2014A:
245
3.750%,
7/01/24
No
Opt.
Call
BB+
253,803
405
5.000%,
7/01/29
7/24
at
100.00
BB+
434,447
2,170
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
White
Horse
HMT
Urban
Renewal
LLC
Project,
Series
2020,
5.000%,
1/01/40,
144A
1/28
at
102.00
N/R
2,223,512
500
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Village
Drive
Healthcare
Urban
Renewal
LLC,
Series
2018,
5.750%,
10/01/38,
144A
10/26
at
102.00
N/R
501,910
5,065
Total
Long-Term
Care
5,218,369
73
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
-
10.5%
$
735
Cumberland
County
Improvement
Authority,
New
Jersey,
General
Obligation
Lease
Revenue
Bonds,
Vineland
Public
Safety
Building
Project,
Series
2017,
3.250%,
12/15/37
12/27
at
100.00
AA
$
804,832
1,470
Cumberland
County,
New
Jersey,
General
Obligation
Bonds,
Series
2021,
2.000%,
5/15/29
5/28
at
100.00
AA-
1,527,168
Essex
County
Improvement
Authority,
New
Jersey,
Project
Consolidation
Revenue
Bonds,
Refunding
Series
2007:
840
5.250%,
12/15/22
-
AMBAC
Insured
No
Opt.
Call
Aaa
884,243
15
Flemington-Raritan
Regional
School
District,
Hunterdon
County,
New
Jersey,
General
Obligation
Bonds,
Series
2019,
2.375%,
9/01/34
9/26
at
100.00
AA
15,413
Gloucester
Township,
New
Jersey,
General
Obligation
Bonds,
Series
2019:
1,000
2.000%,
2/01/28
-
BAM
Insured
No
Opt.
Call
AA
1,033,970
1,500
2.250%,
2/01/29
-
BAM
Insured
No
Opt.
Call
AA
1,570,275
180
Hamilton
Township,
Mercer
County
Board
of
Education,
New
Jersey,
General
Obligation
Bonds,
Series
2017,
3.250%,
12/15/38
12/27
at
100.00
AA
193,082
1,380
Harrison,
New
Jersey,
General
Obligation
Bonds,
Parking
Utility
Series
2018,
3.375%,
3/01/34
-
BAM
Insured
3/28
at
100.00
AA
1,516,165
Hudson
County
Improvement
Authority,
New
Jersey,
County
Guaranteed
Governmental
Loan
Revenue
Bonds,
Guttenberg
General
Obligation
Bond
Project,
Series
2018:
125
3.250%,
8/01/34
8/25
at
100.00
AA
134,786
340
5.000%,
8/01/42
8/25
at
100.00
AA
387,719
Hudson
County
Improvement
Authority,
New
Jersey,
County
Secured
Lease
Revenue
Bonds,
Hudson
County
Vocational
Technical
Schools
Project,
Series
2016:
6,490
5.000%,
5/01/46,
(UB)(5)
5/26
at
100.00
AA
7,540,601
1,000
5.250%,
5/01/51
5/26
at
100.00
AA
1,173,540
1,675
Monmouth
County
Improvement
Authority,
New
Jersey,
Governmental
Pooled
Loan
Revenue
Bonds,
Series
2021A,
3.000%,
3/01/35
3/31
at
100.00
AAA
1,906,786
Montclair
Township,
Essex
County,
New
Jersey,
General
Obligation
Bonds,
Refunding
Parking
Utility
Series
2014A:
330
3.750%,
1/01/33
1/24
at
100.00
AAA
348,107
220
5.000%,
1/01/37
1/24
at
100.00
AAA
239,976
610
New
Brunswick
Parking
Authority,
Middlesex
County,
New
Jersey,
Guaranteed
Parking
Revenue
Bonds,
Refunding
Series
2012,
5.000%,
9/01/30
9/22
at
100.00
A+
630,807
New
Brunswick
Parking
Authority,
Middlesex
County,
New
Jersey,
Guaranteed
Parking
Revenue
Bonds,
Refunding
Series
2016A:
1,900
5.000%,
9/01/32
-
BAM
Insured
9/26
at
100.00
AA
2,255,452
1,340
5.000%,
9/01/39
-
BAM
Insured
9/26
at
100.00
AA
1,580,450
1,000
New
Brunswick,
New
Jersey,
General
Obligation
Bonds,
Cultural
Center
Project,
Series
2017,
4.000%,
9/15/44
-
AGM
Insured
9/27
at
100.00
AA
1,130,020
New
Jersey
State,
General
Obligation
Bonds,
Covid-19
Emergency
Series
2020A:
2,025
3.000%,
6/01/32
No
Opt.
Call
A3
2,308,439
1,570
4.000%,
6/01/32
No
Opt.
Call
A3
1,953,331
Newark
Board
of
Education,
Essex
County,
New
Jersey,
General
Obligation
Bonds,
School
Energy
Savings
Series
2021:
600
4.000%,
7/15/35
-
BAM
Insured
7/31
at
100.00
AA
728,160
600
4.000%,
7/15/36
-
BAM
Insured
7/31
at
100.00
AA
725,982
1,500
Ocean
City,
New
Jersey,
General
Obligation
Bonds,
General
Improvement
Series
2019,
2.250%,
9/15/33
9/26
at
100.00
AA
1,559,430
2,625
Passaic
County,
New
Jersey,
General
Obligation
Bonds,
General
Improvement
Series
2019A,
1.000%,
12/01/34
12/27
at
100.00
Aa1
2,332,916
1,145
Somers
Point,
New
Jersey,
General
Obligation
Bonds,
Improvement
Sewer
Utility
Series
2019,
2.000%,
10/01/31
10/26
at
100.00
AA-
1,166,778
625
South
Orange
Village
Township,
New
Jersey,
General
Obligation
Bonds,
Refunding
Series
2020,
4.000%,
1/15/24
No
Opt.
Call
AA-
672,231
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
74
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
$
3,820
Union
County
Utilities
Authority,
New
Jersey,
Resource
Recovery
Facility
Lease
Revenue
Bonds,
Covantan
Union
Inc.
Lessee,
Refunding
Series
2011B,
5.250%,
12/01/31,
(AMT)
12/21
at
100.00
AA+
$
3,835,280
2,515
Union
County
Utilities
Authority,
New
Jersey,
Solid
Waste
System
County
Deficiency
Revenue
Bonds,
Series
2011A,
5.000%,
6/15/41
12/21
at
100.00
Aaa
2,524,532
4,000
Union
County,
New
Jersey,
General
Obligation
Bonds,
Refunding
Series
2017,
3.000%,
3/01/27
9/25
at
100.00
Aaa
4,336,680
1,295
Verona
Township
Board
of
Education,
Essex
County,
New
Jersey,
General
Obligation
Bonds,
Refunding
Series
2020,
2.250%,
3/01/39
3/27
at
100.00
AA-
1,304,971
44,470
Total
Tax
Obligation/General
48,322,122
Tax
Obligation/Limited
-
18.4%
650
Bergen
County
Improvement
Authority,
New
Jersey,
Guaranteed
Lease
Revenue
Bonds,
County
Administration
Complex
Project,
Series
2005,
5.000%,
11/15/26
No
Opt.
Call
Aaa
789,620
3,655
Camden
County
Improvement
Authority,
New
Jersey,
County
Guaranteed
Loan
Revenue
Bonds,
City
Hall
Project,
Series
2018,
3.250%,
12/01/37
12/28
at
100.00
Aa1
4,067,394
1,795
Garden
State
Preservation
Trust,
New
Jersey,
Open
Space
and
Farmland
Preservation
Bonds,
Series
2005A,
5.750%,
11/01/28
-
AGM
Insured
No
Opt.
Call
AA
2,195,554
1,050
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Series
2011A,
5.250%,
1/01/36
1/22
at
100.00
BB
1,054,242
New
Jersey
Economic
Development
Authority,
Cigarette
Tax
Revenue
Refunding
Bonds,
Series
2012:
2,870
5.000%,
6/15/25
6/22
at
100.00
BBB
2,939,253
485
5.000%,
6/15/28
6/22
at
100.00
BBB
496,398
2,985
New
Jersey
Economic
Development
Authority,
New
Jersey,
Transit
Transportation
Project
Revenue
Bonds,
Series
2020A,
4.000%,
11/01/39
11/29
at
100.00
Baa1
3,412,094
2,320
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
Motor
Vehicle
Surcharge,
Refunding
Series
2017A,
3.375%,
7/01/30
7/27
at
100.00
Baa3
2,450,964
2,000
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
New
Jersey
Transit
Corporation
Projects
Sublease,
Refunding
Series
2017B,
5.000%,
11/01/25
No
Opt.
Call
Baa1
2,324,940
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Series
2015WW:
4,105
5.250%,
6/15/40
6/25
at
100.00
Baa1
4,700,594
1,350
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Social
Series
2021QQQ,
5.000%,
6/15/33
12/30
at
100.00
Baa1
1,735,304
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Financing
Program
Bonds,
Refunding
Series
2013NN:
1,835
5.000%,
3/01/30
3/23
at
100.00
Baa1
1,936,989
1,175
5.000%,
3/01/31
3/23
at
100.00
Baa1
1,239,202
1,625
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Financing
Program
Bonds,
Refunding
Series
2014PP,
5.000%,
6/15/26
6/24
at
100.00
Baa1
1,803,360
New
Jersey
Transportation
Trust
Fund
Authority,
Federal
Highway
Reimbursement
Revenue
Notes,
Series
2016A-1:
250
5.000%,
6/15/29
6/26
at
100.00
A+
294,025
145
5.000%,
6/15/30
6/26
at
100.00
A+
170,175
2,770
New
Jersey
Transportation
Trust
Fund
Authority,
Federal
Highway
Reimbursement
Revenue
Notes,
Series
2018A,
5.000%,
6/15/31
6/26
at
100.00
A+
3,243,171
14,360
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Capital
Appreciation
Series
2010A,
0.000%,
12/15/30
No
Opt.
Call
Baa1
12,132,046
1,930
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Refunding
Series
2006A,
5.500%,
12/15/22
No
Opt.
Call
Baa1
2,033,525
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Refunding
Series
2006C:
6,925
0.000%,
12/15/32
-
AGM
Insured
No
Opt.
Call
AA
5,642,421
4,765
0.000%,
12/15/33
-
AGM
Insured
No
Opt.
Call
AA
3,782,838
1,045
0.000%,
12/15/34
-
AGM
Insured
No
Opt.
Call
AA
807,712
1,550
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2010D,
5.000%,
12/15/24
No
Opt.
Call
Baa1
1,751,624
75
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2013AA:
$
50
5.000%,
6/15/36
6/23
at
100.00
Baa1
$
53,206
1,135
5.000%,
6/15/44
6/23
at
100.00
Baa1
1,204,201
205
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2015AA,
5.000%,
6/15/45
6/25
at
100.00
Baa1
231,597
1,035
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2019A,
4.000%,
12/15/39
12/29
at
100.00
Baa1
1,185,199
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2019BB:
50
3.500%,
6/15/46
12/28
at
100.00
Baa1
53,516
1,500
5.000%,
6/15/50
12/28
at
100.00
Baa1
1,800,330
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2020AA:
1,040
4.000%,
6/15/45
12/30
at
100.00
Baa1
1,187,004
1,025
5.000%,
6/15/45
12/30
at
100.00
Baa1
1,271,328
3,475
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2021A,
4.000%,
6/15/34
6/31
at
100.00
Baa1
4,105,191
1,140
Passaic
County
Improvement
Authority,
New
Jersey,
Lease
Revenue
Bonds,
Preakness
Healthcare
Center
Expansion
Project,
Refunding
Series
2015,
3.750%,
5/01/36
5/25
at
100.00
AA
1,238,450
1,715
Passaic
County
Improvement
Authority,
New
Jersey,
Lease
Revenue
Bonds,
Preakness
Healthcare
Center
Expansion
Project,
Series
2012,
3.500%,
5/01/35
5/22
at
100.00
Aa1
1,732,407
2,755
Puerto
Rico
Public
Finance
Corporation,
Commonwealth
Appropriation
Bonds,
Series
1998A,
5.125%,
6/01/24
-
AMBAC
Insured
No
Opt.
Call
Aaa
2,915,947
37
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1,
5.000%,
7/01/58
7/28
at
100.00
N/R
42,478
3,000
Union
County
Improvement
Authority,
New
Jersey,
Lease
Revenue
Bonds,
Plainfield
-
Park
Madison
Redevelopment
Project,
Refunding
Series
2013A,
5.000%,
3/01/34,
(UB)(5)
No
Opt.
Call
AA+
3,860,250
79,802
Total
Tax
Obligation/Limited
81,884,549
Transportation
-
11.3%
1,100
Delaware
River
and
Bay
Authority,
Delaware
and
New
Jersey,
Revenue
Bonds,
Series
2012A,
5.000%,
1/01/42
1/23
at
100.00
A1
1,148,928
Delaware
River
and
Bay
Authority,
Delaware
and
New
Jersey,
Revenue
Bonds,
Series
2014A:
360
5.000%,
1/01/34
1/24
at
100.00
A1
391,511
1,510
4.125%,
1/01/39
1/24
at
100.00
A1
1,601,944
2,000
5.000%,
1/01/44
1/24
at
100.00
A1
2,160,360
1,290
Delaware
River
and
Bay
Authority,
Delaware
and
New
Jersey,
Revenue
Bonds,
Series
2019,
4.000%,
1/01/44
1/29
at
100.00
A1
1,494,091
1,635
Delaware
River
Joint
Toll
Bridge
Commission,
New
Jersey
and
Pennsylvania,
Bridge
System
Revenue
Bonds,
Refunding
Series
2015,
4.000%,
7/01/35
-
BAM
Insured
7/25
at
100.00
AA
1,802,522
Delaware
River
Joint
Toll
Bridge
Commission,
New
Jersey
and
Pennsylvania,
Bridge
System
Revenue
Bonds,
Series
2017:
1,000
5.000%,
7/01/42
7/27
at
100.00
A1
1,200,250
3,115
5.000%,
7/01/47
7/27
at
100.00
A1
3,707,255
Delaware
River
Joint
Toll
Bridge
Commission,
New
Jersey
and
Pennsylvania,
Bridge
System
Revenue
Bonds,
Series
2019A:
1,050
5.000%,
7/01/30
7/29
at
100.00
A1
1,348,651
1,130
5.000%,
7/01/31
7/29
at
100.00
A1
1,446,061
1,000
3.000%,
7/01/49
7/29
at
100.00
A1
1,064,430
1,760
Delaware
River
Port
Authority,
New
Jersey
and
Pennsylvania,
Revenue
Bonds,  Series
2013,
5.000%,
1/01/40
1/24
at
100.00
A+
1,917,502
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
76
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Transportation
(continued)
Delaware
River
Port
Authority,
Pennsylvania
and
New
Jersey,
Revenue
Refunding
Bonds,
Port
District
Project,
Series
2012:
$
1,000
5.000%,
1/01/24
1/23
at
100.00
A
$
1,050,640
1,095
5.000%,
1/01/26
1/23
at
100.00
A
1,149,936
1,070
5.000%,
1/01/27
1/23
at
100.00
A
1,123,511
New
Jersey
Economic
Development
Authority,
Private
Activity
Bonds,
The
Goethals
Bridge
Replacement
Project,
Series
2013:
1,260
5.000%,
7/01/23,
(AMT)
No
Opt.
Call
A2
1,353,744
1,705
5.000%,
1/01/31
-
AGM
Insured,
(AMT)
1/24
at
100.00
AA
1,875,943
1,445
5.625%,
1/01/52,
(AMT)
1/24
at
100.00
BBB+
1,595,526
New
Jersey
Economic
Development
Authority,
Special
Facilities
Revenue
Bonds,
Continental
Airlines
Inc.,
Series
1999:
215
5.125%,
9/15/23,
(AMT)
8/22
at
101.00
Ba3
223,308
1,025
5.250%,
9/15/29,
(AMT)
8/22
at
101.00
Ba3
1,063,468
380
New
Jersey
Economic
Development
Authority,
Special
Facilities
Revenue
Bonds,
Continental
Airlines
Inc.,
Series
2000A
&
2000B,
5.625%,
11/15/30,
(AMT)
3/24
at
101.00
Ba3
418,296
New
Jersey
Economic
Development
Authority,
Special
Facility
Revenue
Bonds,
Port
Newark
Container
Terminal
LLC
Project,
Refunding
Series
2017:
3,085
5.000%,
10/01/37,
(AMT)
10/27
at
100.00
Baa3
3,602,910
2,810
5.000%,
10/01/47,
(AMT)
10/27
at
100.00
Baa3
3,238,244
1,315
New
Jersey
Turnpike
Authority,
Revenue
Bonds,
Series
2005A,
5.250%,
1/01/29
-
AGM
Insured
No
Opt.
Call
AA
1,703,701
1,810
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
One
Hundred
Seventy
Ninth
Series
2013,
5.000%,
12/01/43
12/23
at
100.00
Aa3
1,966,185
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Twelfth
Series
2019:
3,000
4.000%,
9/01/38
9/29
at
100.00
Aa3
3,554,520
3,020
4.000%,
9/01/39
9/29
at
100.00
Aa3
3,571,663
South
Jersey
Transportation
Authority,
New
Jersey,
Transportation
System
Revenue
Bonds,
Refunding
Series
2019A:
1,760
5.000%,
11/01/31
-
AGM
Insured
11/29
at
100.00
AA
2,243,208
1,000
5.000%,
11/01/33
-
AGM
Insured
11/29
at
100.00
AA
1,270,160
520
South
Jersey
Transportation
Authority,
New
Jersey,
Transportation
System
Revenue
Bonds,
Series
2020A,
5.000%,
11/01/45
11/30
at
100.00
BBB+
643,006
44,465
Total
Transportation
50,931,474
U.S.
Guaranteed
-
6.7%
(6)
1,945
Cumberland
County
Improvement
Authority,
New
Jersey,
County
General
Obligation
Revenue
Bonds,
Technical
High
School
Project,
Series
2014,
5.000%,
9/01/39,
(Pre-refunded
9/01/24)
-
AGM
Insured
9/24
at
100.00
AA
2,192,774
Essex
County
Improvement
Authority,
New
Jersey,
Project
Consolidation
Revenue
Bonds,
Refunding
Series
2007:
5
5.250%,
12/15/22
-
AMBAC
Insured,
(ETM)
No
Opt.
Call
Aaa
5,262
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Series
2015WW:
250
5.250%,
6/15/40,
(Pre-refunded
6/15/25)
6/25
at
100.00
N/R
292,230
New
Jersey
Economic
Development
Authority,
Water
Facilities
Revenue
Bonds,
Middlesex
Water
Company,
Series
2012C:
2,175
4.250%,
10/01/47,
(Pre-refunded
10/01/22),
(AMT)
10/22
at
100.00
A+
2,244,970
New
Jersey
Education
Facilities
Authority
Revenue
Bonds,
The
College
of
New
Jersey
Issue,
Series
2013A:
770
5.000%,
7/01/38,
(Pre-refunded
7/01/23)
7/23
at
100.00
A
827,989
1,015
5.000%,
7/01/43,
(Pre-refunded
7/01/23)
7/23
at
100.00
A
1,091,439
410
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
and
Refunding
Bonds,
Barnabas
Health,
Series
2012A,
5.000%,
7/01/24,
(Pre-refunded
7/01/22)
7/22
at
100.00
AA-
421,402
77
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
U.S.
Guaranteed
(continued)
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Hunterdon
Medical
Center,
Refunding
Series
2014A:
$
655
5.000%,
7/01/45,
(Pre-refunded
7/01/24)
7/24
at
100.00
A+
$
732,755
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Kennedy
Health
System
Obligated
Group
Issue,
Refunding
Series
2012:
195
3.750%,
7/01/27,
(ETM)
No
Opt.
Call
N/R
215,822
1,125
5.000%,
7/01/31,
(Pre-refunded
7/01/22)
7/22
at
100.00
N/R
1,156,129
1,095
5.000%,
7/01/42,
(Pre-refunded
7/01/22)
7/22
at
100.00
N/R
1,125,298
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Palisades
Medical
Center
Obligated
Group
Issue,
Refunding
Series
2013:
660
5.250%,
7/01/31,
(Pre-refunded
7/01/23)
7/23
at
100.00
N/R
711,764
140
5.250%,
7/01/31,
(Pre-refunded
7/01/23)
7/23
at
100.00
N/R
150,631
360
5.500%,
7/01/43,
(Pre-refunded
7/01/23)
7/23
at
100.00
N/R
389,653
80
5.500%,
7/01/43,
(Pre-refunded
7/01/23)
7/23
at
100.00
N/R
86,391
New
Jersey
Institute
of
Technology,
New
Jersey,
General
Obligation
Bonds,
Series
2012A:
990
5.000%,
7/01/42,
(Pre-refunded
7/01/22)
7/22
at
100.00
A1
1,017,690
435
5.000%,
7/01/42,
(Pre-refunded
7/01/22)
7/22
at
100.00
N/R
447,037
8,600
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2012A,
5.000%,
6/15/42,
(Pre-refunded
6/15/22)
6/22
at
100.00
Baa1
8,819,816
1,405
New
Jersey
Turnpike
Authority,
Revenue
Bonds,
Series
2012B,
5.000%,
1/01/28,
(Pre-refunded
1/01/23)
1/23
at
100.00
A+
1,477,990
3,150
New
Jersey
Turnpike
Authority,
Revenue
Bonds,
Series
2013A,
5.000%,
1/01/43,
(Pre-refunded
7/01/22)
7/22
at
100.00
N/R
3,239,050
North
Hudson
Sewerage
Authority,
New
Jersey,
Gross
Revenue
Lease
Certificates,
Senior
Lien
Series
2012A:
930
5.000%,
6/01/27,
(Pre-refunded
6/01/22)
6/22
at
100.00
A+
952,180
570
5.000%,
6/01/27,
(Pre-refunded
6/01/22)
6/22
at
100.00
N/R
583,737
70
5.000%,
6/01/42,
(Pre-refunded
6/01/22)
6/22
at
100.00
N/R
71,687
1,410
Rutgers
State
University,
New
Jersey,
Revenue
Bonds,
Refunding
Series
2013L,
5.000%,
5/01/43,
(Pre-refunded
5/01/23)
5/23
at
100.00
Aa3
1,505,147
28,440
Total
U.S.
Guaranteed
29,758,843
Utilities
-
8.9%
New
Jersey
Economic
Development
Authority,
Energy
Facilities
Revenue
Bonds,
UMM
Energy
Partners,
LLC
Project,
Series
2012A:
500
5.000%,
6/15/37,
(AMT)
6/22
at
100.00
Baa2
509,430
1,000
5.125%,
6/15/43,
(AMT)
6/22
at
100.00
Baa2
1,019,130
2,145
New
Jersey
Economic
Development
Authority,
Natural
Gas
Facilities
Revenue
Bonds,
New
Jersey
Natural
Gas
Company
Project,
Refunding
Series
2011A,
2.750%,
8/01/39
8/24
at
100.00
A1
2,184,039
New
Jersey
Economic
Development
Authority,
Water
Facilities
Revenue
Bonds,
Middlesex
Water
Company,
Series
2012C:
1,045
5.000%,
10/01/23
No
Opt.
Call
A+
1,130,606
4,195
New
Jersey
Economic
Development
Authority,
Water
Facilities
Revenue
Bonds,
Middlesex
Water
Company,
Series
2019,
4.000%,
8/01/59,
(AMT)
8/29
at
100.00
A+
4,630,357
5,000
New
Jersey
Economic
Development
Authority,
Water
Facilities
Revenue
Bonds,
New
Jersey-American
Water
Company
Inc.
Project,
Refunding
Series
2019A,
2.200%,
10/01/39,
(AMT),
(Mandatory
Put
12/3/2029)
12/29
at
100.00
A+
5,315,900
3,150
New
Jersey
Economic
Development
Authority,
Water
Facilities
Revenue
Bonds,
New
Jersey-American
Water
Company
Inc.
Project,
Refunding
Series
2020B,
1.200%,
11/01/34,
(AMT),
(Mandatory
Put
6/1/2023)
No
Opt.
Call
A+
3,175,043
New
Jersey
Infrastructure
Bank,
Environmental
Infrastructure
Bonds,
Green
Series
2021A-1:
4,090
3.000%,
9/01/31
9/30
at
100.00
AAA
4,726,895
4,935
3.000%,
9/01/32
9/30
at
100.00
AAA
5,663,011
5,085
3.000%,
9/01/33
9/30
at
100.00
AAA
5,806,409
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
78
Investments
in
Derivatives
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
(continued)
$
695
Passaic
County
Utilities
Authority,
New
Jersey,
Solid
Waste
Disposal
Revenue
Bonds,
Refunding
Series
2018,
5.000%,
3/01/37
No
Opt.
Call
AA
$
956,647
395
Salem
County
Pollution
Control
Financing
Authority,
New
Jersey,
Pollution
Control
Revenue
Bonds,
Chambers
Project,
Refunding
Series
2014A,
5.000%,
12/01/23,
(AMT)
No
Opt.
Call
BBB
412,649
5,000
Salem
County
Pollution
Control
Financing
Authority,
New
Jersey,
Revenue
Bonds,
Atlantic
City
Electric
Company
Project,
Refunding
Series
2020,
2.250%,
6/01/29
No
Opt.
Call
A
5,184,550
37,235
Total
Utilities
40,714,666
$
418,317
Total
Long-Term
Investments
(cost
$411,963,751)
453,014,766
Floating
Rate
Obligations
-
(1.7)%
(
7,590,000
)
Other
Assets
Less
Liabilities
-
1.6%(7)
7,322,239
Net
Assets
-
100%
$
452,747,005
Futures
Contracts
-
Short
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
Variation
Margin
Receivable/
(Payable)
U.S.
Treasury
Long
Bond
(26)
3/22
$
(
4,141,027
)
$
(
4,215,250
)
$
(
74,223
)
$
(
43,875
)
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
453,014,766
$
–
$
453,014,766
Investments
in
Derivatives:
Futures
Contracts*
(74,223)
–
–
(74,223)
Total
$
(74,223)
$
453,014,766
$
–
$
452,940,543
*
Represents
net
unrealized
appreciation
(depreciation).
79
(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
the
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)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
inverse
floating
rate
transactions.
(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)
Other
assets
less
liabilities
includes
the
unrealized
appreciation
(depreciation)
of
certain
over-the-counter
("OTC")
derivatives
as
well
as
the
OTC
cleared
and
exchange-traded
derivatives,
when
applicable.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
AMT
Alternative
Minimum
Tax
ETM
Escrowed
to
maturity
UB
Underlying
bond
of
an
inverse
floating
rate
trust
reflected
as
a
financing
transaction.
80
Nuveen
New
York
Municipal
Bond
Fund
Portfolio
of
Investments
November
30,
2021
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
98.9%   
MUNICIPAL
BONDS
-
98.9%
Consumer
Staples
-
3.2%
$
15,110
Erie
County
Tobacco
Asset
Securitization
Corporation,
New
York,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2005A,
5.000%,
6/01/38
12/21
at
100.00
B-
$
15,131,154
76,105
Erie
County
Tobacco
Asset
Securitization
Corporation,
New
York,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2005C,
0.000%,
6/01/50,
144A
12/21
at
16.81
N/R
12,373,912
New
York
Counties
Tobacco
Trust
VI,
New
York,
Tobacco
Settlement
Pass-Through
Bonds,
Series
Series
2016A-1:
1,550
5.625%,
6/01/35
No
Opt.
Call
BBB
1,690,337
6,885
5.750%,
6/01/43
No
Opt.
Call
BB+
9,136,808
1,565
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
1,741,720
3,000
TSASC
Inc.,
New
York,
Tobacco
Asset-Backed
Bonds,
Series
2006,
5.000%,
6/01/48
6/27
at
100.00
N/R
3,306,780
104,215
Total
Consumer
Staples
43,380,711
Education
and
Civic
Organizations
-
12.4%
Albany
Industrial
Development
Agency,
New
York,
Revenue
Bonds,
Brighter
Choice
Charter
Schools,
Series
2007A:
875
5.000%,
4/01/27
1/22
at
100.00
BB
881,212
290
5.000%,
4/01/37
1/22
at
100.00
BB
292,059
2,095
Buffalo
and
Erie
County
Industrial
Land
Development
Corporation,
New
York,
Revenue
Bonds,
Enterprise
Charter
School
Project,
Series
2011A,
7.500%,
12/01/40
12/21
at
100.00
CCC
2,097,703
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
Bronx
Charter
School
for
Excellence,
Series
2013A:
1,630
5.000%,
4/01/33
4/23
at
100.00
BBB-
1,702,160
1,250
5.500%,
4/01/43
4/23
at
100.00
BBB-
1,308,525
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
Children?s
Aid
Society
Project,
Series
2015.
BUILD
NYC
CHILDRENS
AID
SOCIETY:
2,500
5.000%,
7/01/40
7/25
at
100.00
A+
2,836,000
2,500
5.000%,
7/01/45
7/25
at
100.00
A+
2,832,050
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
City
University
of
New
York
-
Queens
College,
Q
Student
Residences,
LLC
Project,
Refunding
Series
2014A:
1,000
5.000%,
6/01/38
6/24
at
100.00
Aa2
1,102,420
4,050
5.000%,
6/01/43
6/24
at
100.00
Aa2
4,446,819
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
Metropolitan
College
of
New
York,
Series
2014:
2,240
5.000%,
11/01/39
11/24
at
100.00
BB
2,437,882
2,200
5.500%,
11/01/44
11/24
at
100.00
BB
2,414,874
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
South
Bronx
Charter
School
for
International
Cultures
and
the
Arts
Project,
Series
2013A:
1,050
5.000%,
4/15/33
4/23
at
100.00
BB+
1,092,462
1,875
5.000%,
4/15/43
4/23
at
100.00
BB+
1,939,969
2,395
Build
NYC
Resource
Corporation,
New
York,
Revenue
Bonds,
Family
Life
Academy
Charter
School,
Series
2020C-1,
5.000%,
6/01/55,
144A
12/30
at
100.00
N/R
2,531,802
310
Build
NYC
Resource
Corporation,
New
York,
Revenue
Bonds,
Richmond
Preparatory
Charter
School
Project,
Social
Impact
Project
Series
2021A,
5.000%,
6/01/56,
144A
6/29
at
100.00
N/R
346,713
595
Dormitory
Authority
of
the
State
of
New
York,
General
Revenue
Bonds,
Saint
Johns
University,
Series
2015A,
5.000%,
7/01/37
7/25
at
100.00
A-
675,962
81
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
Dormitory
Authority
of
the
State
of
New
York,
Housing
Revenue
Bonds,
Fashion
Institute
of
Technology,
Series
2007:
$
1,670
5.250%,
7/01/29
-
FGIC
Insured
No
Opt.
Call
Baa2
$
1,937,501
735
5.250%,
7/01/34
-
FGIC
Insured
No
Opt.
Call
Baa2
887,123
Dormitory
Authority
of
the
State
of
New
York,
Insured
Revenue
Bonds,
Touro
College
and
University
System,
Series
2014A:
2,930
5.500%,
1/01/39
7/24
at
100.00
BBB-
3,210,665
3,065
5.500%,
1/01/44
7/24
at
100.00
BBB-
3,343,945
1,600
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Barnard
College,
Refunding
Series
2015A,
5.000%,
7/01/43
7/25
at
100.00
A2
1,827,168
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Fordham
University,
Series
2020:
5,500
4.000%,
7/01/46
7/29
at
100.00
A
6,372,080
3,500
4.000%,
7/01/50
7/29
at
100.00
A
4,040,610
2,760
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Icahn
School
of
Medicine
at
Mount
Sinai,
Refunding
Series
2015A,
5.000%,
7/01/40
7/25
at
100.00
A-
3,152,886
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
New
School
University,
Series
2015A:
4,270
5.000%,
7/01/45
7/25
at
100.00
N/R
4,869,380
3,760
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
New
School
University,
Series
2016A,
5.000%,
7/01/46
1/27
at
100.00
A3
4,468,948
1,055
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
New
York
University,
Series
2001-1,
5.500%,
7/01/40
-
AMBAC
Insured
No
Opt.
Call
Aa2
1,591,288
3,450
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
New
York
University,
Series
2015A,
5.000%,
7/01/35
7/25
at
100.00
Aa2
3,974,745
1,500
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
New
York
University,
Series
2018A,
5.000%,
7/01/48
7/28
at
100.00
Aa2
1,850,745
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
New
York
University,
Series
2019A:
1,700
5.000%,
7/01/42
7/29
at
100.00
Aa2
2,158,099
11,215
5.000%,
7/01/49
7/29
at
100.00
Aa2
14,111,947
1,355
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Rochester
Institute
of
Technology,
Series
2019A,
5.000%,
7/01/49
7/29
at
100.00
A1
1,678,615
13,665
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Rockefeller
University,
Green
Series
2019B,
5.000%,
7/01/50
7/29
at
100.00
Aa1
17,247,280
5,000
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Rockefeller
University,
Series
2020A,
5.000%,
7/01/53
7/30
at
100.00
Aa1
6,407,200
100
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Saint
Joseph?s
College,
Series
2021,
5.000%,
7/01/51
7/30
at
100.00
BBB-
120,456
3,450
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Vaughn
College
of
Aeronautics
&
Technology,
Series
2016A,
5.500%,
12/01/36,
144A
12/26
at
100.00
BB-
3,810,387
7,500
Glen
Cove
Local
Economic
Assistance
Corporation,
New
York,
Revenue
Bonds,
Garvies
Point
Public
Improvement
Project,
Capital
Appreciation
Series
2016B,
0.000%,
1/01/45
No
Opt.
Call
N/R
3,033,825
3,040
Glen
Cove
Local
Economic
Assistance
Corporation,
New
York,
Revenue
Bonds,
Garvies
Point
Public
Improvement
Project,
Capital
Appreciation
Series
2016C,
5.625%,
1/01/55
1/34
at
100.00
N/R
3,263,288
760
New
Rochelle
Corporation,
New
York,
Local
Development
Revenue
Bonds,
Iona
College
Project,
Series
2015A,
5.000%,
7/01/45
7/25
at
100.00
BBB
847,628
New
York
City
Industrial
Development
Agency,
New
York,
PILOT
Payment
in
Lieu
of
Taxes
Revenue
Bonds,
Queens
Baseball
Stadium
Project,
Refunding
Series
2021A:
3,225
3.000%,
1/01/39
-
AGM
Insured
1/31
at
100.00
AA
3,459,941
5,185
3.000%,
1/01/40
-
AGM
Insured
1/31
at
100.00
AA
5,548,106
2,620
New
York
City
Industrial
Development
Agency,
New
York,
PILOT
Payment
in
Lieu
of
Taxes
Revenue
Bonds,
Yankee
Stadium
Project,
Series
2020A,
4.000%,
3/01/45
9/30
at
100.00
AA
2,977,944
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
82
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Education
and
Civic
Organizations
(continued)
$
3,150
New
York
City
Trust
for
Cultural
Resources,
New
York,
Revenue
Bonds,
Whitney
Museum
of
American
Art,
Refunding
Series
2021,
5.000%,
7/01/31
No
Opt.
Call
AA
$
4,247,744
6,500
New
York
Liberty
Development
Corporation,
New
York,
Liberty
Revenue
Bonds,
Bank
of
America
Tower
at
One
Bryant
Park
Project,
Second
Priority
Refunding
Series
2019
Class
1,
2.450%,
9/15/69
3/29
at
100.00
Aa2
6,818,630
3,740
New
York
Liberty
Development
Corporation,
New
York,
Liberty
Revenue
Bonds,
Bank
of
America
Tower
at
One
Bryant
Park
Project,
Second
Priority
Refunding
Series
2019
Class
2,
2.625%,
9/15/69
3/29
at
100.00
A2
3,874,004
2,810
New
York
Liberty
Development
Corporation,
New
York,
Liberty
Revenue
Bonds,
Bank
of
America
Tower
at
One
Bryant
Park
Project,
Second
Priority
Refunding
Series
2019
Class
3,
2.800%,
9/15/69
3/29
at
100.00
Baa2
2,910,991
750
Oneida
County
Local
Development
Corporation,
New
York,
Revenue
Bonds,
Utica
College
Project,
Series
2019,
4.000%,
7/01/39
7/29
at
100.00
BBB-
823,763
10,000
Onondaga
County
Trust
For
Cultural
Resources,
New
York,
Revenue
Bonds,
Syracuse
University
Project,
Series
2019,
5.000%,
12/01/45
12/29
at
100.00
AA-
12,724,300
Yonkers
Economic
Development
Corporation,
New
York,
Educational
Revenue
Bonds,
Lamartine/Warburton
LLC-
Charter
School
of
Educational
Excellence
Project,
Series
2019A:
200
4.000%,
10/15/29
No
Opt.
Call
N/R
221,828
205
5.000%,
10/15/39
10/29
at
100.00
N/R
241,078
148,820
Total
Education
and
Civic
Organizations
166,992,750
Financials
-
1.0%
5,710
Liberty
Development
Corporation,
New
York,
Goldman
Sachs
Headquarter
Revenue
Bonds,
Series
2005,
5.250%,
10/01/35
No
Opt.
Call
A2
8,078,508
3,475
Liberty
Development
Corporation,
New
York,
Goldman
Sachs
Headquarters
Revenue
Bonds
Series
2007,
5.500%,
10/01/37
No
Opt.
Call
A2
5,170,661
9,185
Total
Financials
13,249,169
Health
Care
-
5.5%
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Montefiore
Obligated
Group,
Series
2020A:
7,650
4.000%,
9/01/45
3/30
at
100.00
BBB-
8,752,136
11,935
4.000%,
9/01/50
3/30
at
100.00
BBB-
13,585,491
2,300
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
North
Shore
Long
Island
Jewish
Obligated
Group,
Series
2015A,
5.000%,
5/01/43
5/25
at
100.00
A-
2,599,644
29,985
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
NYU
Langone
Hospitals
Obligated
Group,
Series
2020A,
4.000%,
7/01/50
7/30
at
100.00
A
34,896,843
1,000
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Orange
Regional
Medical
Center
Obligated
Group,
Series
2015,
5.000%,
12/01/29,
144A
6/25
at
100.00
BBB-
1,134,980
200
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Orange
Regional
Medical
Center
Obligated
Group,
Series
2017,
5.000%,
12/01/36,
144A
6/27
at
100.00
BBB-
237,590
Dutchess
County
Local
Development
Corporation,
New
York,
Revenue
Bonds,
Health
Quest
Systems,
Inc.
Project,
Series
2016B:
2,000
4.000%,
7/01/41
7/26
at
100.00
A-
2,229,180
1,325
5.000%,
7/01/46
7/26
at
100.00
A-
1,552,184
1,395
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Rochester
General
Hospital
Project,
Series
2013A,
5.000%,
12/01/42
12/22
at
100.00
BBB+
1,445,094
2,600
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Rochester
Regional
Health
Project,
Series
2020A,
4.000%,
12/01/38
12/30
at
100.00
BBB+
3,083,392
375
Monroe
County
Industrial
Development
Corporation,
New
York,
Tax-
Exempt
Revenue
Bonds,
Highland
Hospital
of
Rochester
Project,
Series
2015,
5.000%,
7/01/34
7/25
at
100.00
A
427,316
2,000
New
York
City
Health
and
Hospitals
Corporation,
New
York,
Health
System
Revenue
Bonds,
Series
2020A,
4.000%,
2/15/45
2/31
at
100.00
Aa3
2,360,640
83
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Health
Care
(continued)
$
1,000
Westchester
County
Local
Development
Corporation,
New
York,
Revenue
Bonds,
Westchester
Medical
Center
Obligated
Group
Project,
Refunding
Series
2016,
5.000%,
11/01/46
11/25
at
100.00
Baa2
$
1,136,360
63,765
Total
Health
Care
73,440,850
Housing/Multifamily
-
0.1%
1,405
New
York
State
Housing
Finance
Agency,
Multifamily
Housing
Revenue
Bonds,
Cannon
Street
Senior
Housing
Project,
Series
2007A,
5.300%,
2/15/39,
(AMT)
12/21
at
100.00
Aa1
1,408,386
Industrials
-
2.2%
19,020
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
20,785,246
7,550
New
York
Liberty
Development
Corporation,
New
York,
Liberty
Revenue
Bonds,
3
World
Trade
Center
Project,
Class
2
Series
2014,
5.150%,
11/15/34,
144A
11/24
at
100.00
N/R
8,398,545
26,570
Total
Industrials
29,183,791
Long-Term
Care
-
0.2%
650
Dormitory
Authority
of
the
State
of
New
York,
Non-State
Supported
Debt,
Ozanam
Hall
of
Queens
Nursing
Home
Revenue
Bonds,
Series
2006,
5.000%,
11/01/31
12/21
at
100.00
A2
655,597
550
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Saint
Ann?s
Community
Project,
Series
2019,
5.000%,
1/01/40
1/26
at
103.00
N/R
618,843
New
York
City
Industrial
Development
Agency,
New
York,
Civic
Facility
Revenue
Bonds,
Special
Needs
Facilities
Pooled
Program,
Series
2008A-1:
230
5.800%,
7/01/23
12/21
at
100.00
N/R
224,001
395
6.100%,
7/01/28
12/21
at
100.00
N/R
359,466
210
6.200%,
7/01/33
12/21
at
100.00
N/R
181,837
2,035
Total
Long-Term
Care
2,039,744
Materials
-
0.2%
Build
New
York
City
Resource
Corporation,
New
York,
Solid
Waste
Disposal
Revenue
Bonds,
Pratt
Paper
NY,
Inc.
Project,
Series
2014:
755
4.500%,
1/01/25,
(AMT),
144A
No
Opt.
Call
N/R
804,060
2,145
5.000%,
1/01/35,
(AMT),
144A
1/25
at
100.00
N/R
2,382,494
2,900
Total
Materials
3,186,554
Tax
Obligation/General
-
6.2%
3,325
Nassau
County,
New
York,
General
Obligation
Bonds,
General
Improvement
Bonds
Series
2019B,
5.000%,
4/01/37
-
AGM
Insured
4/30
at
100.00
AA
4,241,237
1,955
Nassau
County,
New
York,
General
Obligation
Bonds,
General
Improvement
Series
2019A,
5.000%,
4/01/37
-
AGM
Insured
4/29
at
100.00
AA
2,469,673
Nassau
County,
New
York,
General
Obligation
Bonds,
General
Improvment
Series
2016C:
2,000
5.000%,
4/01/39
-
BAM
Insured
4/26
at
100.00
AA
2,320,500
1,000
5.000%,
4/01/40
-
BAM
Insured
4/26
at
100.00
AA
1,159,790
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2013
Series
F-1:
35
5.000%,
3/01/372020
F1
3/23
at
100.00
AA
36,955
2,000
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2014
Series
D-1,
5.000%,
8/01/30
8/23
at
100.00
AA
2,154,080
2,500
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2015
Series
A,
5.000%,
8/01/32
8/24
at
100.00
AA
2,791,625
1,650
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2017
Series
B-1,
5.000%,
12/01/41
12/26
at
100.00
AA
1,968,500
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2018
Series
E-1:
10,420
5.000%,
3/01/39
3/28
at
100.00
AA
12,793,363
11,000
5.000%,
3/01/40
3/28
at
100.00
AA
13,480,940
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
84
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/General
(continued)
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2018
Series
F-1:
$
14,420
5.000%,
4/01/40
4/28
at
100.00
AA
$
17,714,105
5,000
5.000%,
4/01/45
4/28
at
100.00
AA
6,104,050
7,500
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2021
Series
C,
5.000%,
8/01/42
8/30
at
100.00
AA
9,589,125
4,000
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2022
Series
A-1,
5.000%,
8/01/47
8/31
at
100.00
AA
5,146,360
5
New
York
City,
New
York,
General
Obligation
Bonds,
Series
2011D-I,
5.000%,
10/01/34
12/21
at
100.00
AA
5,019
66,810
Total
Tax
Obligation/General
81,975,322
Tax
Obligation/Limited
-
26.3%
8,300
Battery
Park
City
Authority,
New
York,
Revenue
Bonds,
Senior
Sustainability
Series
2019A,
5.000%,
11/01/49
11/29
at
100.00
Aaa
10,575,943
9,185
Dormitory
Authority
of
the
State
of
New
York,  State
Personal
Income
Tax
Revenue
Bonds,  General
Purpose,
Series
2021B,
4.000%,
3/15/47
3/31
at
100.00
AA+
10,826,911
2,945
Dormitory
Authority
of
the
State
of
New
York,
Master
BOCES
Program,
Revenue
Bonds,
Onondaga,
Cortland
and
Madison
Issue,
Series
2020,
4.000%,
8/15/41
8/28
at
100.00
Aa3
3,366,753
Dormitory
Authority
of
the
State
of
New
York,
Residential
Insitutions
for
Children
Revenue
Bonds,
Series
2008-A1:
1,855
5.000%,
6/01/33
12/21
at
100.00
Aa1
1,862,383
2,320
5.000%,
6/01/38
12/21
at
100.00
Aa1
2,329,210
20
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
School
Districts
Financing
Program,
Series
2009C,
5.125%,
10/01/36
12/21
at
100.00
AA
20,080
1,000
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2012D,
5.000%,
2/15/37
2/22
at
100.00
AA+
1,009,630
3,000
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2014C.
Group
C,
5.000%,
3/15/44
3/24
at
100.00
AA+
3,285,630
6,000
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2015A,
5.000%,
3/15/31
3/25
at
100.00
AA+
6,846,120
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2015B
Group
B:
2,830
5.000%,
2/15/32
2/25
at
100.00
AA+
3,216,182
1,000
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2015B
Group
C,
5.000%,
2/15/38
2/25
at
100.00
AA+
1,130,670
7,000
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose,
Series
2017A,
5.000%,
2/15/37
2/27
at
100.00
AA+
8,426,740
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose,
Series
2019A.
Bidding
Group
1,2,3,4:
4,150
5.000%,
3/15/38
3/29
at
100.00
AA+
5,224,892
3,850
5.000%,
3/15/40
3/29
at
100.00
AA+
4,831,981
4,500
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose,
Series
2020A.
Bidding
Group
1
thru
5,
4.000%,
3/15/34
9/30
at
100.00
AA+
5,449,815
6,255
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose,
Series
2021A,
4.000%,
3/15/39
3/31
at
100.00
AA+
7,513,256
2,825
Dormitory
Authority
of
the
State
of
New
York,
State
Sales
Tax
Revenue
Bonds,
Series
2015B.
Group
A,B&C,
5.000%,
3/15/35
9/25
at
100.00
AA+
3,272,565
2,710
Dormitory
Authority
of
the
State
of
New
York,
State
Sales
Tax
Revenue
Bonds,
Series
2017A,
5.000%,
3/15/37
3/27
at
100.00
AA+
3,278,748
15,000
Dormitory
Authority
of
the
State
of
New
York,
State
Sales
Tax
Revenue
Bonds,
Series
2018C,
4.000%,
3/15/45
3/28
at
100.00
AA+
17,213,250
Dormitory
Authority
of
the
State
of
New
York,
State
Sales
Tax
Revenue
Bonds,
Series
2018E
Group
4:
10,000
5.000%,
3/15/44
9/28
at
100.00
AA+
12,480,100
9,000
5.000%,
3/15/45
9/28
at
100.00
AA+
11,216,430
85
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:
$
2,000
5.000%,
11/15/28
11/25
at
100.00
BB
$
2,293,060
2,000
5.000%,
11/15/32
11/25
at
100.00
BB
2,271,560
Hudson
Yards
Infrastructure
Corporation,
New
York,
Revenue
Bonds,
Second
Indenture
Fiscal
2017
Series
A:
5,000
5.000%,
2/15/39
2/27
at
100.00
Aa3
5,954,300
5,710
5.000%,
2/15/42
2/27
at
100.00
Aa3
6,765,836
2,750
Hudson
Yards
Infrastructure
Corporation,
New
York,
Revenue
Bonds,
Second
indenture
Fiscal
2022
Series
A,
4.000%,
2/15/44
2/32
at
100.00
N/R
3,307,205
8,335
Metropolitan
Transportation
Authority,
New
York,
Dedicated
Tax
Fund
Bonds,
Climate
Bond
Certified,
Green
Series
2017A,
5.000%,
11/15/42
5/27
at
100.00
AA
9,945,322
5,450
Metropolitan
Transportation
Authority,
New
York,
Dedicated
Tax
Fund
Bonds,
Climate
Bond
Certified,
Green
Series
2017B-1,
5.000%,
11/15/47
11/27
at
100.00
AA
6,560,383
4,000
Monroe
County
Industrial
Development
Agency,
New
York,
School
Facility
Revenue
Bonds,
Rochester
Schools
Modernization
Project,
Series
2013,
5.000%,
5/01/28
5/23
at
100.00
AA
4,246,960
New
York
City
Transitional
Finance
Authority,
New
York,
Building
Aid
Revenue
Bonds,
Fiscal
2018
Series
Subseries
S-4A:
4,000
5.250%,
7/15/35
7/28
at
100.00
AA
5,064,040
4,200
5.250%,
7/15/36
7/28
at
100.00
AA
5,315,184
New
York
City
Transitional
Finance
Authority,
New
York,
Building
Aid
Revenue
Bonds,
Fiscal
2019
Subseries
S-1:
14,300
5.000%,
7/15/43
7/28
at
100.00
AA
17,648,774
3,000
5.000%,
7/15/45
7/28
at
100.00
AA
3,693,480
2,780
New
York
City
Transitional
Finance
Authority,
New
York,
Building
Aid
Revenue
Bonds,
Fiscal
2019
Subseries
S-3A,
5.000%,
7/15/36
7/28
at
100.00
AA
3,463,824
5,715
New
York
City
Transitional
Finance
Authority,
New
York,
Building
Aid
Revenue
Bonds,
Fiscal
2021
Subseries
S-1,
3.000%,
7/15/47
7/30
at
100.00
N/R
6,066,758
8,500
New
York
City
Transitional
Finance
Authority,
New
York,
Building
Aid
Revenue
Bonds,
Fiscal
Series
2015S-2,
5.000%,
7/15/40
7/25
at
100.00
AA
9,785,285
3,950
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2013
Series
I,
5.000%,
5/01/38
5/23
at
100.00
AAA
4,200,232
2,480
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2014
Series
B-1,
5.000%,
11/01/36
5/24
at
100.00
AAA
2,737,994
5,715
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2014
Series
D-1,
5.000%,
2/01/35
2/24
at
100.00
AAA
6,253,639
10,000
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2015
Series
E-1,
5.000%,
2/01/41
2/25
at
100.00
AAA
11,309,700
5,000
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2017
Series
B-1,
5.000%,
8/01/36
8/26
at
100.00
AAA
5,931,800
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2019
Series
A-1:
1,375
5.000%,
8/01/38
8/28
at
100.00
AAA
1,714,941
10,000
5.000%,
8/01/40
8/28
at
100.00
AAA
12,443,200
3,000
5.000%,
8/01/42
8/28
at
100.00
AAA
3,718,980
4,500
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2021
Subseries
E-1,
4.000%,
2/01/41
2/31
at
100.00
AAA
5,358,870
4,000
New
York
State
Thruway
Authority,
State
Personal
Income
Tax
Revenue
Bonds,
Series
2021A-1,
3.000%,
3/15/50
3/31
at
100.00
AA+
4,232,840
2,500
New
York
State
Urban
Development
Corporation,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose,
Series
2020A,
4.000%,
3/15/38
9/30
at
100.00
AA+
2,988,350
6,500
New
York
State
Urban
Development
Corporation,
State
Sales
Tax
Revenue
Bonds,
Series
2021A,
3.000%,
3/15/50
9/31
at
100.00
N/R
6,878,950
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
1,044
0.000%,
7/01/33
7/28
at
86.06
N/R
781,768
53,350
0.000%,
7/01/46
7/28
at
41.38
N/R
17,840,240
11,058
5.000%,
7/01/58
7/28
at
100.00
N/R
12,695,137
2,000
Suffolk
County
Judicial
Facilities
Agency,
New
York,
Lease
Revenue
Bonds,
H.
Lee
Dennison
Building,
Series
2013,
5.000%,
11/01/33
11/23
at
100.00
BBB
2,151,900
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
86
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Tax
Obligation/Limited
(continued)
Syracuse
Industrial
Development
Authority,
New
York,
PILOT
Revenue
Bonds,
Carousel
Center
Project,
Refunding
Series
2016A:
$
5,750
5.000%,
1/01/29,
(AMT)
1/26
at
100.00
Caa1
$
5,660,185
1,930
5.000%,
1/01/32,
(AMT)
1/26
at
100.00
Caa1
1,856,139
1,250
5.000%,
1/01/34,
(AMT)
1/26
at
100.00
Caa1
1,184,088
5,430
5.000%,
1/01/36,
(AMT)
1/26
at
100.00
Caa1
5,101,159
14,035
Triborough
Bridge
and
Tunnel
Authority,
New
York,
Payroll
Mobility
Tax
Bonds,
Senior
Lien
Subseries
2021A-1,
5.000%,
5/15/51
5/31
at
100.00
AA+
18,002,835
336,352
Total
Tax
Obligation/Limited
348,802,207
Transportation
-
23.9%
1,500
Buffalo
and
Fort
Erie
Public
Bridge
Authority,
New
York,
Toll
Bridge
System
Revenue
Bonds,
Series
2017,
5.000%,
1/01/47
1/27
at
100.00
A+
1,779,975
15,905
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Green
Climate
Bond
Certified
Series
2020A-1,
4.000%,
11/15/45
5/30
at
100.00
A3
18,011,617
3,600
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Green
Climate
Bond
Certified
Series
2020C-1,
4.750%,
11/15/45
5/30
at
100.00
A3
4,307,904
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Refunding
Series
2012H:
960
5.000%,
11/15/31
11/22
at
100.00
A3
999,513
7,500
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Refunding
Series
2015D-1,
5.000%,
11/15/30
11/25
at
100.00
A3
8,617,950
4,000
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Refunding
Series
2017D,
4.000%,
11/15/46
5/28
at
100.00
A3
4,441,120
2,500
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2013D,
5.000%,
11/15/38
11/23
at
100.00
A3
2,685,675
2,500
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2013E,
5.000%,
11/15/32
11/23
at
100.00
A3
2,691,350
1,800
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2014D-1,
5.000%,
11/15/39
11/24
at
100.00
A3
1,994,508
8,450
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2015C-1,
5.250%,
11/15/30
11/25
at
100.00
A3
9,791,015
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2016C-1:
2,500
5.000%,
11/15/34
11/26
at
100.00
A3
2,918,125
2,700
5.000%,
11/15/56
11/26
at
100.00
A3
3,129,786
New
York
City
Industrial
Development
Agency,
New
York,
Civic
Facility
Revenue
Bonds,
Bronx
Parking
Development
Company,
LLC
Project,
Series
2007:
2,800
0.000%,
10/01/37(4)
12/21
at
100.00
N/R
2,240,000
2,000
0.000%,
10/01/46(4)
12/21
at
100.00
N/R
1,600,000
9,500
New
York
City,
Industrial
Development
Agency,
Senior
Airport
Facilities
Revenue
Refunding
Bonds,
TrIPs
Obligated
Group,
Series
2012A,
5.000%,
7/01/28,
(AMT)
7/22
at
100.00
BBB+
9,715,080
5,000
New
York
State
Thruway
Authority,
General
Revenue
Bonds,
Series
2020N,
4.000%,
1/01/42
1/30
at
100.00
A1
5,856,000
New
York
State
Thruway
Authority,
General
Revenue
Junior
Indebtedness
Obligations,
Series
2016A:
2,225
5.000%,
1/01/36
1/26
at
100.00
A2
2,599,200
8,515
5.000%,
1/01/46
1/26
at
100.00
A2
9,863,606
3,000
New
York
State
Thruway
Authority,
General
Revenue
Junior
Indebtedness
Obligations,
Series
2019B,
4.000%,
1/01/53
1/30
at
100.00
A2
3,442,440
4,625
New
York
Transportation
Development
Corporation,
New
York,
Facility
Revenue
Bonds,
Thruway
Service
Areas
Project,
Series
2021,
4.000%,
4/30/53,
(AMT)
10/31
at
100.00
BBB-
5,273,055
New
York
Transportation
Development
Corporation,
New
York,
Special
Facilities
Bonds,
LaGuardia
Airport
Terminal
B
Redevelopment
Project,
Series
2016A:
500
4.000%,
7/01/31,
(AMT)
7/24
at
100.00
BBB
538,005
7,000
4.000%,
7/01/41,
(AMT)
7/24
at
100.00
BBB
7,526,610
13,685
5.250%,
1/01/50,
(AMT)
7/24
at
100.00
BBB
15,203,624
87
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:
$
10,435
5.000%,
8/01/26,
(AMT)
12/21
at
100.00
B
$
10,459,418
12,610
5.000%,
8/01/31,
(AMT)
12/21
at
100.00
B
12,639,003
1,745
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
American
Airlines,
Inc.
John
F
Kennedy
International
Airport
Project,
Series
2020,
5.375%,
8/01/36,
(AMT)
8/30
at
100.00
B
2,201,789
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
Terminal
4
John
F
Kennedy
International
Airport
Project,
Series
2020A:
215
4.000%,
12/01/38,
(AMT)
12/30
at
100.00
Baa1
247,059
120
4.000%,
12/01/39,
(AMT)
12/30
at
100.00
Baa1
137,607
1,745
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
Terminal
4
John
F
Kennedy
International
Airport
Project,
Series
2020C,
5.000%,
12/01/36
12/30
at
100.00
Baa1
2,211,508
New
York
Transportation
Development
Corporation,
Special
Facility
Revenue
Bonds,
Delta
Air
Lines,
Inc.
-
LaGuardia
Airport
Terminals
C&D
Redevelopment
Project,
Series
2018:
1,300
5.000%,
1/01/27,
(AMT)
No
Opt.
Call
Baa3
1,556,737
10,200
5.000%,
1/01/28,
(AMT)
No
Opt.
Call
Baa3
12,502,344
10,035
5.000%,
1/01/31,
(AMT)
1/28
at
100.00
Baa3
12,103,715
Niagara
Frontier
Transportation
Authority,
New
York,
Airport
Revenue
Bonds,
Buffalo
International
Airport,
Series
2014A:
2,000
5.000%,
4/01/25,
(AMT)
4/24
at
100.00
A3
2,198,800
3,775
5.000%,
4/01/26,
(AMT)
4/24
at
100.00
A3
4,150,235
3,330
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
One
Hundred
Eighty-Forth
Series
2014,
5.000%,
9/01/39
9/24
at
100.00
Aa3
3,717,246
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
One
Hundred
Eighty-Ninth
Series
2015:
2,520
5.000%,
5/01/40
5/25
at
100.00
Aa3
2,874,740
480
5.000%,
5/01/45
5/25
at
100.00
Aa3
544,959
8,675
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
One
Hundred
Ninety-Fifth
Series
2016,
5.000%,
10/01/35,
(AMT)
10/26
at
100.00
Aa3
10,267,470
10,000
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
One
Hundred
Ninety-Fourth
Series
2015,
5.250%,
10/15/55
10/25
at
100.00
Aa3
11,667,900
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Eighteen
Series
2019:
2,745
5.000%,
11/01/38,
(AMT)
11/29
at
100.00
Aa3
3,404,569
1,225
5.000%,
11/01/39,
(AMT)
11/29
at
100.00
Aa3
1,515,570
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Eleventh
Series
2018:
4,225
4.000%,
9/01/43
9/28
at
100.00
Aa3
4,927,871
10,230
5.000%,
9/01/48
9/28
at
100.00
Aa3
12,546,481
5,000
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Series
2017,
5.250%,
10/15/57
4/27
at
100.00
Aa3
6,092,650
4,000
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Seventeen
Series
2019,
4.000%,
11/01/49
11/29
at
100.00
Aa3
4,663,400
2,160
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Twenty-Fourth
Series
2021,
4.000%,
7/15/46
7/31
at
100.00
N/R
2,574,482
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Twenty-Third
Series
2021:
8,395
4.000%,
7/15/46,
(AMT)
7/31
at
100.00
Aa3
9,804,185
5,000
4.000%,
7/15/51,
(AMT)
7/31
at
100.00
Aa3
5,803,150
1,365
Triborough
Bridge
and
Tunnel
Authority,
New
York,
General
Purpose
Revenue
Bonds,
MTA
Bridges
&
Tunnels,
Refunding
Series
2017B,
5.000%,
11/15/38
5/27
at
100.00
AA-
1,659,949
3,905
Triborough
Bridge
and
Tunnel
Authority,
New
York,
General
Purpose
Revenue
Bonds,
MTA
Bridges
&
Tunnels,
Series
2014A,
5.000%,
11/15/39
5/24
at
100.00
AA-
4,306,278
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
88
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Transportation
(continued)
$
19,500
Triborough
Bridge
and
Tunnel
Authority,
New
York,
General
Purpose
Revenue
Bonds,
MTA
Bridges
&
Tunnels,
Series
2017C-2,
5.000%,
11/15/42
11/27
at
100.00
AA-
$
23,944,440
15,075
Triborough
Bridge
and
Tunnel
Authority,
New
York,
General
Revenue
Bonds,
MTA
Bridges
&
Tunnels,
Series
2020A,
5.000%,
11/15/49
11/30
at
100.00
AA-
19,223,339
274,775
Total
Transportation
315,173,052
U.S.
Guaranteed
-
4.0%
(5)
1,500
Dormitory
Authority
of
the
State
of
New
York,
Lease
Revenue
Bonds,
State
University
Dormitory
Facilities,
Refunding
Series
2013A,
5.000%,
7/01/27,
(Pre-refunded
7/01/23)
7/23
at
100.00
Aa3
1,612,965
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
New
School
University,
Series
2015A:
320
5.000%,
7/01/45,
(Pre-refunded
7/01/25)
7/25
at
100.00
N/R
370,643
5,000
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Pratt
Institute,
Series
2015A,
5.000%,
7/01/44,
(Pre-refunded
7/01/24)
7/24
at
100.00
N/R
5,588,050
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2015B
Group
B:
5
5.000%,
2/15/32,
(Pre-refunded
2/15/25)
2/25
at
100.00
N/R
5,726
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Refunding
Series
2012H:
1,165
5.000%,
11/15/31,
(Pre-refunded
11/15/22)
11/22
at
100.00
N/R
1,218,998
3,520
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2013A,
5.000%,
11/15/31,
(Pre-refunded
5/15/23)
5/23
at
100.00
A3
3,761,894
1,000
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2013C,
5.000%,
11/15/32,
(Pre-refunded
5/15/23)
5/23
at
100.00
A3
1,069,480
5,375
New
York
City
Trust
for
Cultural
Resources,
New
York,
Revenue
Bonds,
Wildlife
Conservation
Society,
Series
2013A,
5.000%,
8/01/33,
(Pre-
refunded
8/01/23)
8/23
at
100.00
A+
5,800,324
New
York
City
Trust
for
Cultural
Resources,
New
York,
Revenue
Bonds,
Wildlife
Conservation
Society,
Series
2014A:
3,800
5.000%,
8/01/38,
(Pre-refunded
8/01/23)
8/23
at
100.00
A+
4,100,694
10,000
5.000%,
8/01/43,
(Pre-refunded
8/01/23)
8/23
at
100.00
A+
10,791,300
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2013
Series
A-1:
1,900
5.000%,
10/01/30,
(Pre-refunded
10/01/22)
10/22
at
100.00
AA
1,976,342
1,915
5.000%,
10/01/31,
(Pre-refunded
10/01/22)
10/22
at
100.00
AA
1,991,945
3,000
5.000%,
10/01/33,
(Pre-refunded
10/01/22)
10/22
at
100.00
AA
3,120,540
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2013
Series
F-1:
1,810
5.000%,
3/01/32,
(Pre-refunded
3/01/23)
3/23
at
100.00
AA
1,918,365
6,065
5.000%,
3/01/37,
(Pre-refunded
3/01/23)2020
F1
3/23
at
100.00
N/R
6,428,111
Onondaga
Civic
Development
Corporation,
New
York,
Revenue
Bonds,
Le
Moyne
College
Project,
Series
2012:
1,000
5.000%,
7/01/32,
(Pre-refunded
7/01/22)
7/22
at
100.00
Baa2
1,027,280
1,745
5.000%,
7/01/42,
(Pre-refunded
7/01/22)
7/22
at
100.00
Baa2
1,792,604
Western
Nassau
County
Water
Authority,
New
York,
Water
System
Revenue
Bonds,
Series
2015A:
675
5.000%,
4/01/40,
(Pre-refunded
4/01/25)
4/25
at
100.00
AA-
777,614
1,050
5.000%,
4/01/45,
(Pre-refunded
4/01/25)
4/25
at
100.00
AA-
1,209,621
50,845
Total
U.S.
Guaranteed
54,562,496
Utilities
-
13.7%
420
Guam
Power
Authority,
Revenue
Bonds,
Series
2012A,
5.000%,
10/01/34
10/22
at
100.00
BBB
433,570
Long
Island
Power
Authority,
New
York,
Electric
System
General
Revenue
Bonds,
Series
2000A:
2,000
0.000%,
6/01/24
-
AGM
Insured
No
Opt.
Call
AA
1,965,080
2,000
0.000%,
6/01/25
-
AGM
Insured
No
Opt.
Call
AA
1,944,160
2,980
Long
Island
Power
Authority,
New
York,
Electric
System
General
Revenue
Bonds,
Series
2014A,
5.000%,
9/01/44
9/24
at
100.00
A
3,306,697
89
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
(continued)
$
2,910
Long
Island
Power
Authority,
New
York,
Electric
System
General
Revenue
Bonds,
Series
2017,
5.000%,
9/01/47
9/27
at
100.00
A
$
3,541,848
3,000
Long
Island
Power
Authority,
New
York,
Electric
System
General
Revenue
Bonds,
Series
2021,
4.000%,
9/01/39
9/31
at
100.00
N/R
3,634,110
10,000
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2013
Series
DD,
5.000%,
6/15/35
6/23
at
100.00
AA+
10,705,400
4,465
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2017
Series
CC-1,
5.000%,
6/15/46
6/26
at
100.00
AA+
5,251,778
5,000
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2017
Series
DD,
5.000%,
6/15/47
12/26
at
100.00
AA+
5,962,950
3,000
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2018
Series
CC-1,
5.000%,
6/15/48
6/27
at
100.00
AA+
3,615,420
10,905
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2018
Series
EE,
5.000%,
6/15/40
12/27
at
100.00
AA+
13,412,932
10,920
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2021
Series
CC-1,
5.000%,
6/15/51
6/31
at
100.00
AA+
14,065,506
500
New
York
State
Environmental
Facilities
Corporation,
State
Clean
Water
and
Drinking
Water
Revolving
Funds
Revenue
Bonds,
New
York
City
Municipal
Water
Finance
Authority
Projects,
Second
Resolution
Subordinated
Series
2014A,
5.000%,
6/15/30
6/24
at
100.00
AAA
558,115
6,675
New
York
State
Environmental
Facilities
Corporation,
State
Clean
Water
and
Drinking
Water
Revolving
Funds
Revenue
Bonds,
New
York
City
Municipal
Water
Finance
Authority
Projects,
Second
Resolution
Subordinated
SRF
Series
2015A,
5.000%,
6/15/34
6/25
at
100.00
AAA
7,681,724
6,810
New
York
State
Environmental
Facilities
Corporation,
State
Clean
Water
and
Drinking
Water
Revolving
Funds
Revenue
Bonds,
New
York
City
Municipal
Water
Finance
Authority
Projects-Second
Resolution
Bonds,
Series
2016A,
5.000%,
6/15/41
6/26
at
100.00
AAA
8,009,990
New
York
State
Environmental
Facilities
Corporation,
State
Clean
Water
and
Drinking
Water
Revolving
Funds
Revenue
Bonds,
New
York
City
Municipal
Water
Finance
Authority
Projects-Second
Resolution
Bonds,
Subordinated
SRF
Series
2017A:
2,000
5.000%,
6/15/42
6/27
at
100.00
AAA
2,444,120
2,000
5.000%,
6/15/46
6/27
at
100.00
AAA
2,441,060
New
York
State
Environmental
Facilities
Corporation,
State
Clean
Water
and
Drinking
Water
Revolving
Funds
Revenue
Bonds,
New
York
City
Municipal
Water
Finance
Authority
Projects-Second
Resolution
Bonds,
Subordinated
SRF
Series
2017E:
1,710
5.000%,
6/15/38
6/27
at
100.00
AAA
2,093,279
8,800
5.000%,
6/15/47
6/27
at
100.00
AAA
10,738,024
1,000
New
York
State
Environmental
Facilities
Corporation,
State
Clean
Water
and
Drinking
Water
Revolving
Funds
Revenue
Bonds,
New
York
City
Municipal
Water
Finance
Authority
Projects-Second
Resolution
Bonds,
Subordinated
SRF
Series
2018B,
5.000%,
6/15/43
6/28
at
100.00
AAA
1,241,270
3,065
New
York
State
Environmental
Facilities
Corporation,
State
Revolving
Funds
Revenue
Bonds,
2010
Master
Financing
Program,
Green
Series
2017C,
5.000%,
8/15/47
8/27
at
100.00
AAA
3,759,774
2,280
New
York
State
Environmental
Facilities
Corporation,
State
Revolving
Funds
Revenue
Bonds,
2010
Master
Financing
Program,
Green
Series
2021B,
4.000%,
8/15/46,
(WI/DD,
Settling
12/09/21)
2/32
at
100.00
N/R
2,773,985
5,500
New
York
State
Power
Authority,
General
Revenue
Bonds,
Series
2020A,
4.000%,
11/15/50
5/30
at
100.00
AA
6,458,925
2,430
Niagara
Area
Development
Corporation,
New
York,
Solid
Waste
Disposal
Facility
Revenue
Refunding
Bonds,
Covanta
Energy
Project,
Series
2018A,
4.750%,
11/01/42,
(AMT),
144A
7/23
at
100.00
B1
2,528,391
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
November
30,
2021
(Unaudited)
90
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)
Description(1)
Optional
Call
Provisions(2)
Ratings(3)
Value
Utilities
(continued)
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Senior
Lien
Series
2012A:
$
1,000
4.250%,
7/01/25
7/22
at
100.00
CCC
$
1,021,980
505
5.500%,
7/01/28
7/22
at
100.00
CCC
519,756
1,875
5.750%,
7/01/37
7/22
at
100.00
CCC
1,932,507
4,000
5.250%,
7/01/42
7/22
at
100.00
CCC
4,111,080
1,530
6.000%,
7/01/47
7/22
at
100.00
CCC
1,578,868
2,450
Suffolk
County
Industrial
Development
Agency,
New
York,
Revenue
Bonds,
Nissequogue
Cogeneration
Partners
Facility,
Series
1998,
5.500%,
1/01/23,
(AMT)
12/21
at
100.00
N/R
2,473,643
5,000
Suffolk
County
Water
Authority,
New
York,
Waterworks
Revenue
Bonds,
Series
2020B,
3.000%,
6/01/45
6/30
at
100.00
AAA
5,413,800
10,000
Utility
Debt
Securitization
Authority,
New
York,
Restructuring
Bonds,
Refunding
Series
2015,
5.000%,
12/15/36
12/25
at
100.00
AAA
11,682,800
1,795
Utility
Debt
Securitization
Authority,
New
York,
Restructuring
Bonds,
Series
2013TE,
5.000%,
12/15/41
12/23
at
100.00
AAA
1,954,288
Utility
Debt
Securitization
Authority,
New
York,
Restructuring
Bonds,
Series
2017:
15,500
5.000%,
12/15/38
12/27
at
100.00
AAA
19,228,525
3,000
5.000%,
12/15/39
12/27
at
100.00
AAA
3,716,280
7,000
5.000%,
12/15/40
12/27
at
100.00
AAA
8,665,300
154,025
Total
Utilities
180,866,935
$
1,241,702
Total
Long-Term
Investments
(cost
$1,212,078,182)
1,314,261,967
Other
Assets
Less
Liabilities
-
1.1%
15,163,346
Net
Assets
-
100%
$
1,329,425,313
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
1,314,261,967
$
–
$
1,314,261,967
91
(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
the
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
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.