NPORT-EX 2 tiaa_NFNJ.htm
1
Nuveen
Massachusetts
Municipal
Bond
Fund
Portfolio
of
Investments
May
31,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
95.1%   
X
606,157,477
MUNICIPAL
BONDS
-
95.1%  
X
606,157,477
Education
and
Civic
Organizations
-
21.8%
$
1,315
Lowell,
Massachusetts,
Collegiate
Charter
School
Revenue
Bonds,
Series
2019,
5.000%,
6/15/39
6/26
at
100.00
N/R
$
1,265,832
650
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Babson
College,
Refunding
Series
2022,
4.000%,
10/01/44
4/32
at
100.00
A+
594,074
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Bentley
College
Issue,
Series
2021A,
4.000%,
7/01/40
7/31
at
100.00
A2
932,670
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
1,296,628
5,165
5.000%,
10/01/46
10/26
at
100.00
A
5,257,402
3,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
College,
Series
2013S,
5.000%,
7/01/32
7/23
at
100.00
AA-
3,003,060
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
College,
Series
2017T:
2,350
5.000%,
7/01/39
7/27
at
100.00
AA-
2,498,873
1,020
5.000%,
7/01/42
7/27
at
100.00
AA-
1,077,701
7,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
University,
Series
2013X,
5.000%,
10/01/48
10/23
at
100.00
AA-
7,010,150
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Brandeis
University
Issue,
Series
2018R:
1,195
5.000%,
10/01/37
10/28
at
100.00
A+
1,282,283
840
5.000%,
10/01/38
10/28
at
100.00
A+
897,825
1,000
5.000%,
10/01/39
10/28
at
100.00
A+
1,066,000
3,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emerson
College,
Series
2015,
5.000%,
1/01/35
1/25
at
100.00
BBB+
3,034,680
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emerson
College,
Series
2016A:
1,510
5.250%,
1/01/42
1/27
at
100.00
BBB+
1,531,578
1,500
5.000%,
1/01/47
1/27
at
100.00
BBB+
1,502,445
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emerson
College,
Series
2017A:
1,600
5.000%,
1/01/37
1/28
at
100.00
BBB+
1,633,840
6,020
5.000%,
1/01/40
1/28
at
100.00
BBB+
6,089,832
2,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emerson
College,
Series
2018,
5.000%,
1/01/43
1/28
at
100.00
BBB+
2,013,720
2,500
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Emmanuel
College,
Series
2016A,
5.000%,
10/01/43
10/26
at
100.00
Baa2
2,433,250
2,055
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Lesley
University,
Series
2016,
5.000%,
7/01/36
7/26
at
100.00
BBB+
2,081,078
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
MCPHS
University
Issue,
Series
2015H:
550
3.500%,
7/01/35
7/25
at
100.00
AA
537,928
235
5.000%,
7/01/37
7/25
at
100.00
AA
242,440
700
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Merrimack
College,
Series
2017,
5.000%,
7/01/37
7/26
at
100.00
BBB-
708,547
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Merrimack
College,
Series
2022,
5.000%,
7/01/52
7/32
at
100.00
BBB-
981,010
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Northeastern
University,
Series
2014A:
1,125
5.000%,
3/01/39
3/24
at
100.00
A1
1,133,921
2,065
5.000%,
3/01/44
3/24
at
100.00
A1
2,076,977
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Northeastern
University,
Series
2020A,
5.000%,
10/01/35
10/30
at
100.00
A1
1,128,690
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Northeastern
University,
Series
2022,
5.000%,
10/01/44
10/32
at
100.00
A1
1,108,800
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Simmons
College,
Series
2013J,
5.250%,
10/01/39
10/23
at
100.00
BBB
1,002,320
Nuveen
Massachusetts
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
2
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
$
1,680
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Simmons
University
Issue,
Series
2020M,
5.000%,
10/01/39
10/30
at
100.00
BBB
$
1,715,414
2,750
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Springfield
College,
Green
Series
2021B,
4.000%,
6/01/41
6/30
at
100.00
BBB
2,405,728
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
2,594,401
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
2,390,826
610
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Suffolk
University,
Refunding
Series
2019,
5.000%,
7/01/37
7/29
at
100.00
Baa2
628,361
5,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Suffolk
University,
Refunding
Series
2020A,
4.000%,
7/01/45
7/30
at
100.00
Baa2
4,342,900
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Suffolk
University,
Series
2021:
570
4.000%,
7/01/46
7/31
at
100.00
Baa2
491,431
1,470
4.000%,
7/01/51
7/31
at
100.00
Baa2
1,227,612
1,500
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
The
Broad
Institute,
Series
2017,
5.000%,
4/01/36
10/27
at
100.00
AA-
1,608,225
875
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Tufts
University,
Series
2015Q,
5.000%,
8/15/38
8/25
at
100.00
AA-
896,525
1,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Wheaton
College,
Series
2017H,
5.000%,
1/01/37
1/28
at
100.00
Baa2
1,008,370
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-
1,062,390
1,000
5.000%,
6/01/38
6/28
at
100.00
AA-
1,059,320
6,210
5.000%,
6/01/48
6/28
at
100.00
AA-
6,479,949
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Worcester
Polytechnic
Institute,
Series
2017B:
5,000
5.000%,
9/01/42
9/27
at
100.00
A
5,183,400
7,000
5.000%,
9/01/45
9/27
at
100.00
A
7,232,260
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Worcester
Polytechnic
Institute,
Series
2019:
745
5.000%,
9/01/33
9/29
at
100.00
A
810,843
1,000
4.000%,
9/01/44
9/29
at
100.00
A
933,960
3,500
5.000%,
9/01/49
9/29
at
100.00
A
3,646,440
Massachusetts
Development
Finance
Authority,
Revenue
Bonds,
Suffolk
University,
Refunding
Series
2017:
700
5.000%,
7/01/35
7/27
at
100.00
Baa2
721,112
500
5.000%,
7/01/36
7/27
at
100.00
Baa2
512,720
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-
2,446,796
2,100
Massachusetts
Development
Finance
Authority,
Revenue
Bonds,
WGBH
Educational
Foundation,
Series
2002A,
5.750%,
1/01/42
-
AMBAC
Insured
No
Opt.
Call
AAA
2,601,501
1,655
Massachusetts
Educational
Financing
Authority,
Education
Loan
Revenue
Bonds,
Issue
J,
Series
2016,
5.000%,
7/01/24,
(AMT)
No
Opt.
Call
AA
1,670,077
Massachusetts
Educational
Financing
Authority,
Education
Loan
Revenue
Bonds,
Issue
K,
Series
2017A:
1,480
5.000%,
7/01/24,
(AMT)
No
Opt.
Call
AA
1,495,037
2,800
5.000%,
7/01/26,
(AMT)
No
Opt.
Call
AA
2,889,012
Massachusetts
Educational
Financing
Authority,
Education
Loan
Revenue
Bonds,
Issue
L,
Senior
Series
2020B:
850
5.000%,
7/01/29,
(AMT)
No
Opt.
Call
AA
902,462
1,000
5.000%,
7/01/30,
(AMT)
No
Opt.
Call
AA
1,071,820
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
1,016,080
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
2,588,675
3
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
2022-1:
$
5,550
4.000%,
11/01/46
5/32
at
100.00
Aa2
$
5,407,143
10,605
5.000%,
11/01/52
5/30
at
100.00
Aa2
11,242,254
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
1,082,290
2,000
5.000%,
5/01/39
5/29
at
100.00
Aa2
2,160,480
Total
Education
and
Civic
Organizations
138,949,368
Health
Care
-
16.9%
2,160
Massachusetts
Development
Finance
Agency
Revenue
Bonds,
South
Shore
Hospital,
Series
2016I,
5.000%,
7/01/41
7/26
at
100.00
BBB
2,182,702
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Baystate
Medical
Center
Issue,
Series
2014N:
1,000
5.000%,
7/01/34
7/24
at
100.00
A+
1,013,290
5,700
5.000%,
7/01/44
7/24
at
100.00
A+
5,721,432
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
1,342,475
1,400
5.000%,
7/01/38
7/29
at
100.00
A
1,488,116
275
5.000%,
7/01/39
7/29
at
100.00
A
290,675
250
5.000%,
7/01/41
7/29
at
100.00
A
260,645
7,800
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
7,883,226
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
2,074,740
1,825
5.000%,
7/01/36
7/26
at
100.00
BBB
1,854,455
5,350
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
Medical
Center
Issue,
Series
2023G,
5.250%,
7/01/48
7/33
at
100.00
BBB
5,605,409
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
1,759,135
1,500
5.000%,
7/01/37
7/26
at
100.00
A
1,556,715
1,935
5.000%,
7/01/38
7/26
at
100.00
A
2,004,718
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
CareGroup
Issue,
Series
2015H-1:
900
5.000%,
7/01/30
7/25
at
100.00
A
931,383
1,000
5.000%,
7/01/32
7/25
at
100.00
A
1,034,620
500
5.000%,
7/01/33
7/25
at
100.00
A
516,855
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
CareGroup
Issue,
Series
2018J-2:
5,000
5.000%,
7/01/43
7/28
at
100.00
A
5,190,300
4,100
5.000%,
7/01/48
7/28
at
100.00
A
4,225,665
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
1,978,476
6,100
5.000%,
12/01/46
12/26
at
100.00
A1
6,222,488
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
2,725,276
5,325
5.000%,
8/15/45
8/25
at
100.00
A
5,410,200
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Mass
General
Brigham,
Sereis
2020A-2:
3,535
4.000%,
7/01/40
1/30
at
100.00
AA-
3,464,406
1,490
4.000%,
7/01/41
1/30
at
100.00
AA-
1,450,888
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
B+
1,545,340
Nuveen
Massachusetts
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
4
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Health
Care
(continued)
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Milford
Regional
Medical
Center
Issue,
Series
2020G:
$
100
5.000%,
7/15/30,
144A
No
Opt.
Call
B+
$
98,633
100
5.000%,
7/15/37,
144A
7/30
at
100.00
B+
91,614
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-
1,217,188
2,250
5.000%,
7/01/41
7/26
at
100.00
AA-
2,320,537
4,710
5.000%,
7/01/47
7/26
at
100.00
AA-
4,834,297
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Partners
HealthCare
System
Issue,
Series
2017S-1:
2,200
5.000%,
7/01/37
1/28
at
100.00
AA-
2,335,696
6,330
4.000%,
7/01/41
1/28
at
100.00
AA-
6,163,837
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Southcoast
Health
System
Obligated
Group
Issue,
Series
2013F:
1,750
5.000%,
7/01/27
7/23
at
100.00
BBB+
1,751,208
1,000
5.000%,
7/01/37
7/23
at
100.00
BBB+
1,000,490
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-
318,762
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+
3,653,738
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-
906,323
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-
350,936
6,855
5.000%,
7/01/44
7/27
at
100.00
A-
6,911,211
555
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
UMass
Memorial
Health
Care,
Series
2016I,
5.000%,
7/01/36
7/26
at
100.00
A-
569,580
500
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Wellforce
Issue,
Series
2019A,
5.000%,
7/01/44
1/29
at
100.00
BBB+
484,455
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
2,606,801
2,700
4.000%,
10/01/45
-
AGM
Insured
10/30
at
100.00
AA
2,544,183
Total
Health
Care
107,893,119
Housing/Multifamily
-
2.1%
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+
3,424,400
2,115
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Series
2019B-1,
3.100%,
12/01/44
12/28
at
100.00
AA+
1,673,620
2,000
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Series
2020A-1,
3.000%,
12/01/45
12/28
at
100.00
AA+
1,533,660
1,800
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Sustainability
Green
Series
2020C-1,
2.450%,
12/01/45
12/29
at
100.00
AA+
1,224,126
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Sustainability
Green
Series
2020D-1:
1,500
2.200%,
12/01/40
6/30
at
100.00
AA+
1,081,650
1,100
2.375%,
12/01/45
6/30
at
100.00
AA+
736,791
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Sustainability
Green
Series
2021A-1:
500
2.000%,
12/01/36
6/30
at
100.00
AA+
389,180
410
2.375%,
12/01/46
6/30
at
100.00
AA+
270,182
325
2.450%,
12/01/51
6/30
at
100.00
AA+
201,162
2,685
Massachusetts
Housing
Finance
Agency,
Housing
Bonds,
Sustainability
Green
Series
2022C-1,
5.000%,
12/01/47
6/32
at
100.00
AA+
2,795,837
Total
Housing/Multifamily
13,330,608
5
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Housing/Single
Family
-
0.8%
$
1,500
Massachusetts
Housing
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2020-218,
2.400%,
6/01/44
12/29
at
100.00
AA+
$
1,065,960
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+
1,060,425
Massachusetts
Housing
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2021-223:
1,200
1.950%,
6/01/32
12/30
at
100.00
AA+
1,008,060
750
2.000%,
12/01/32
12/30
at
100.00
AA+
637,860
1,380
2.050%,
6/01/33
12/30
at
100.00
AA+
1,169,812
500
2.100%,
12/01/33
12/30
at
100.00
AA+
422,020
Total
Housing/Single
Family
5,364,137
Long-Term
Care
-
0.7%
Massachusetts
Development
Finance
Agency
Revenue
Refunding
Bonds,
NewBridge
on
the
Charles,
Inc.
Issue,
Series
2017:
1,910
4.125%,
10/01/42,
144A
6/23
at
105.00
BB+
1,539,021
275
5.000%,
10/01/47,
144A
6/23
at
105.00
BB+
246,812
560
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Berkshire
Retirement
Community
Lennox,
Series
2015,
5.000%,
7/01/31
7/25
at
100.00
A+
568,495
550
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Loomis
Communities,
Series
2021,
4.000%,
1/01/51
1/27
at
103.00
BBB
425,810
400
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Orchard
Cove,
Inc.,
Refunding
Series
2019,
5.000%,
10/01/39
10/24
at
104.00
BBB
392,964
1,020
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Salem
Community
Corporation,
Refunding
Series
2022,
5.125%,
1/01/40
1/32
at
100.00
N/R
927,007
Total
Long-Term
Care
4,100,109
Tax
Obligation/General
-
16.3%
825
Andover,
Massachusetts,
General
Obligation
Bonds,
Municipal
Purpose
Loan
Series
2022,
4.000%,
7/15/42
7/31
at
100.00
AAA
833,555
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+
1,234,170
1,440
3.000%,
6/01/39
6/28
at
100.00
AA+
1,251,951
1,490
3.000%,
6/01/40
6/28
at
100.00
AA+
1,276,900
10,000
Dennis-Yarmouth
Regional
School
District,
Barnstable
County,
Massachusetts,
General
Obligation
Bond,  Anticipation
Note
Series
2022,
4.500%,
11/14/23
No
Opt.
Call
N/R
10,043,800
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
1,747,150
1,610
4.000%,
12/01/33
12/29
at
100.00
Aa2
1,682,386
1,615
Higham,
Massachusetts,
General
Obligation
Bonds,
Water
Series
2020,
3.000%,
2/15/38
8/28
at
100.00
AAA
1,459,379
1,740
Hudson,
Massachusetts,
General
Obligation
Bonds,
Municipal
Purpose
Loan
Series
2011,
5.000%,
2/15/32
7/23
at
100.00
AA
1,742,210
2,000
Massachusetts
Development
Finance
Agency,
Special
Obligation
Bonds,
Commonwealth
Contract  Assistance,
Series
2015A,
4.000%,
5/01/45
5/25
at
100.00
Aa1
1,974,500
3,000
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2015C,
5.000%,
7/01/45
7/25
at
100.00
AA+
3,068,940
1,190
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2016A,
5.000%,
3/01/46
3/24
at
100.00
AA+
1,198,032
3,000
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2017A,
5.000%,
4/01/42
4/27
at
100.00
AA+
3,144,540
5,000
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2017F,
5.000%,
11/01/46
11/27
at
100.00
AA+
5,250,950
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2018A:
3,750
5.000%,
1/01/42
1/28
at
100.00
AA+
3,968,212
2,490
5.000%,
1/01/45
1/28
at
100.00
AA+
2,625,331
950
5.000%,
1/01/46
1/28
at
100.00
AA+
1,000,569
Nuveen
Massachusetts
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
6
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
(continued)
$
11,110
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2019A,
5.000%,
1/01/49
1/29
at
100.00
AA+
$
11,763,046
7,000
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2022C,
5.250%,
10/01/47
10/32
at
100.00
AA+
7,850,080
1,250
Massachusetts
State,
General
Obligation
Bonds,
Refunding
Series
2020D,
4.000%,
11/01/40
11/30
at
100.00
AA+
1,259,200
10,000
Massachusetts
State,
General
Obligation
Bonds,
Series
2022E,
5.000%,
11/01/47
11/32
at
100.00
AA+
10,993,100
1,000
North
Reading,
Massachusetts,
General
Obligation
Bonds,
Municipal
Purpose
Loan
Series
2012,
5.000%,
5/15/35
7/23
at
100.00
Aa2
1,001,100
5,000
Northeast
Metropolitan
Regional
Vocational
Technical
School
District,
Massachusetts,
General
Obligation
Bonds,
School
Series
2022,
4.000%,
4/15/47
4/31
at
100.00
AA
4,917,850
1,950
Pentucket
Regional
School
District,
Massachusetts,
General
Obligation
Bonds,
Series
2019,
3.000%,
9/01/42
9/27
at
100.00
Aa2
1,585,974
3,000
Puerto
Rico,
General
Obligation
Bonds,
Restructured
Series
2022A-1,
4.000%,
7/01/46
7/31
at
103.00
N/R
2,425,680
7,555
Revere,
Massachusetts,
General
Obligation
Bonds,
State
Qualified
Municipal
Purpose
Loan
Series
2022,
4.000%,
8/01/47
8/31
at
100.00
AA+
7,429,965
3,215
Scituate,
Massachusetts,
General
Obligation
Bonds,
Municipal
Purpose
Loan
Series
2015,
4.000%,
9/15/33
9/24
at
100.00
AA+
3,241,845
2,170
Tisbury,
Massachusetts,
General
Obligation
Bonds,
Municipal
Purpose
Loan
Series
2022,
4.000%,
8/15/42
8/30
at
100.00
AA+
2,169,957
2,615
Waltham,
Massachusetts,
General
Obligation
Bonds,
School
Series
2020,
3.000%,
10/15/33
10/29
at
100.00
AA+
2,502,738
3,440
Webster,
Massachusetts,
General
Obligation
Bonds,
Qualified
School
Project,
Chapter
70B,
Loan
Series
2022,
4.000%,
12/01/42
12/31
at
100.00
AA+
3,435,597
Total
Tax
Obligation/General
104,078,707
Tax
Obligation/Limited
-
20.1%
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D:
1,355
5.000%,
11/15/27
11/25
at
100.00
BB
1,375,989
1,000
5.000%,
11/15/39
11/25
at
100.00
BB
989,350
Guam
Government,
Limited
Obligation
Section
30
Revenue
Bonds,
Series
2016A:
1,160
5.000%,
12/01/31
12/26
at
100.00
BB
1,191,216
2,000
5.000%,
12/01/46
12/26
at
100.00
BB
1,929,160
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
1,032,604
500
Martha's
Vineyard
Land
Bank,
Massachusetts,
Revenue
Bonds,
Refunding
Green
Series
2017,
5.000%,
5/01/36
-
BAM
Insured
5/27
at
100.00
AA
531,110
10,000
Massachusetts
Bay
Transportation
Authority,
Assessment
Bonds,
Sustainability
Series
2022A-2,
5.000%,
7/01/52
7/32
at
100.00
AAA
10,957,400
2,500
Massachusetts
Bay
Transportation
Authority,
Sales
Tax
Revenue
Bonds,
Senior
Lien
Series
2015A,
5.000%,
7/01/45
7/25
at
100.00
AAA
2,557,450
10,000
Massachusetts
Bay
Transportation
Authority,
Sales
Tax
Revenue
Bonds,
Senior
Series
2023A-1,
5.250%,
7/01/48
7/33
at
100.00
AAA
11,302,200
2,050
Massachusetts
Bay
Transportation
Authority,
Sales
Tax
Revenue
Bonds,
Subordinated
Series
2017A-2,
5.000%,
7/01/44
7/27
at
100.00
AA+
2,145,653
Massachusetts
Bay
Transportation
Authority,
Sales
Tax
Revenue
Bonds,
Subordinated
Series
2021A-1:
4,330
4.000%,
7/01/39
7/31
at
100.00
AA+
4,366,762
1,000
4.000%,
7/01/51
7/31
at
100.00
AA+
970,020
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+
5,852,789
500
Massachusetts
College
Building
Authority,
Project
Revenue
Bonds,
Refunding
Series
2022A,
4.000%,
5/01/42
5/32
at
100.00
AA
497,985
1,310
Massachusetts
College
Building
Authority,
Revenue
Bonds,
Refunding
Series
2011A,
5.000%,
5/01/24
No
Opt.
Call
AA
1,330,331
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
1,702,387
7
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
Massachusetts
School
Building
Authority,
Dedicated
Sales
Tax
Revenue
Bonds,
Senior
Social
Series
2020A:
$
5,000
4.000%,
8/15/45
8/30
at
100.00
AAA
$
4,899,850
3,020
5.000%,
8/15/50
8/30
at
100.00
AAA
3,235,235
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+
7,432,670
4,480
Massachusetts
School
Building
Authority,
Dedicated
Sales
Tax
Revenue
Bonds,
Subordinated
Series
2019A,
5.000%,
2/15/44
2/29
at
100.00
AA+
4,775,501
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
AAA
2,910,544
3,180
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
&
Accelerated
Bridge
Programs,
Series
2017A,
5.000%,
6/01/47
6/27
at
100.00
AAA
3,321,669
5,540
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
&
Accelerated
Bridge
Programs,
Series
2019A,
5.000%,
6/01/49
6/29
at
100.00
AAA
5,893,618
3,500
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
Program,
Series
2015A,
5.000%,
6/01/45
6/25
at
100.00
AAA
3,578,120
15,000
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Rail
Enhancement
Program,
Sustainability  Green
Series
2022A,
5.000%,
6/01/50
6/31
at
100.00
AAA
16,246,050
4,805
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Refunding
Series
2017A,
5.000%,
6/01/43
12/27
at
100.00
AAA
5,067,641
1,665
Massachusetts
State,
Transportation
Fund
Revenue
Bonds,
Refunding
Series
2021A,
5.000%,
6/01/42
6/31
at
100.00
AAA
1,833,082
1,510
Matching
Fund
Special
Purpose
Securitization
Corporation,
Virgin
Islands,
Revenue
Bonds,
Series
2022A,
5.000%,
10/01/39
10/32
at
100.00
N/R
1,489,977
5,000
Puerto
Rico
Highway
and
Transportation
Authority,
Restructured
Toll
Revenue
Bonds,
Series
2022A,
5.000%,
7/01/62
7/32
at
100.00
N/R
4,806,250
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
3,031,493
4,510
0.000%,
7/01/46
7/28
at
41.38
N/R
1,218,783
4,725
4.750%,
7/01/53
7/28
at
100.00
N/R
4,381,256
5,708
5.000%,
7/01/58
7/28
at
100.00
N/R
5,467,922
Total
Tax
Obligation/Limited
128,322,067
Transportation
-
5.7%
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+
1,355,925
1,500
Massachusetts
Port
Authority,
Revenue
Bonds,
Refunding
Series
2017A,
5.000%,
7/01/42,
(AMT)
7/27
at
100.00
AA
1,534,935
1,250
Massachusetts
Port
Authority,
Revenue
Bonds,
Refunding
Series
2021A,
5.000%,
7/01/39
7/31
at
100.00
AA
1,385,938
Massachusetts
Port
Authority,
Revenue
Bonds,
Refunding
Series
2021B:
1,200
5.000%,
7/01/40,
(AMT)
7/31
at
100.00
AA
1,273,236
5,750
5.000%,
7/01/44,
(AMT)
7/24
at
100.00
AA
5,781,222
1,780
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2014A,
5.000%,
7/01/34
7/24
at
100.00
AA
1,810,652
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2015A:
1,425
5.000%,
7/01/40
7/25
at
100.00
AA
1,463,033
2,000
5.000%,
7/01/45
7/25
at
100.00
AA
2,045,960
1,750
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2015B,
5.000%,
7/01/45,
(AMT)
7/25
at
100.00
AA
1,766,835
10,000
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2019C,
5.000%,
7/01/49,
(AMT)
7/29
at
100.00
AA
10,273,900
2,500
Massachusetts
Port
Authority,
Revenue
Bonds,
Series
2021E,
5.000%,
7/01/46,
(AMT)
7/31
at
100.00
AA
2,607,125
Nuveen
Massachusetts
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
8
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Transportation
(continued)
$
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
$
4,800,524
Total
Transportation
36,099,285
U.S.
Guaranteed
-
3.9%
(4)
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
AA
1,918,993
5,915
Massachusetts
Development
Finance
Agency
Revenue
Bonds,
Childrens
Hospital
Issue,
Series
2014P,
5.000%,
10/01/46,
(Pre-refunded
10/01/24)
10/24
at
100.00
AA
6,031,585
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
N/R
2,359,164
6,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Atrius
Health
Issue,
Series
2019A,
5.000%,
6/01/39,
(Pre-refunded
6/01/29)
6/29
at
100.00
N/R
6,776,040
665
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
672,594
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-
2,503,075
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
1,556,029
1,820
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Green
Series
2016C,
5.000%,
8/01/40,
(Pre-refunded
8/01/26)
8/26
at
100.00
AA+
1,937,827
1,000
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Series
2016B,
5.000%,
8/01/40,
(Pre-refunded
8/01/26)
8/26
at
100.00
AA+
1,064,740
Total
U.S.
Guaranteed
24,820,047
Utilities
-
6.8%
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
4,007,040
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-
2,840,539
920
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2016,
5.000%,
1/01/46
7/26
at
100.00
A-
928,464
2,500
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2020A,
5.000%,
1/01/50
7/30
at
100.00
A-
2,510,800
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
2,715,795
1,650
Massachusetts
Clean
Water
Trust,
State
Revolving
Fund
Bonds,
Green
23B
Series
2021,
5.000%,
2/01/41
2/31
at
100.00
AAA
1,836,301
5,785
Massachusetts
Clean
Water
Trust,
State
Revolving
Fund
Bonds,
Sustainabilty
24B
Series
2022,
5.000%,
2/01/43
2/32
at
100.00
AAA
6,483,365
Massachusetts
Municipal
Wholesale
Electric
Company,
MMWEC,
Revenue
Bonds,
Project
2015A,
Series
2021A:
1,000
4.000%,
7/01/39
1/32
at
100.00
AA-
1,000,250
1,310
4.000%,
7/01/40
1/32
at
100.00
AA-
1,301,249
1,400
4.000%,
7/01/41
1/32
at
100.00
AA-
1,382,458
4,250
4.000%,
7/01/51
1/32
at
100.00
AA-
4,034,993
1,250
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Green
Series
2023B,
5.250%,
8/01/48
8/33
at
100.00
AA+
1,413,862
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Series
2017B:
1,000
5.000%,
8/01/39
8/27
at
100.00
AA+
1,057,760
1,870
5.000%,
8/01/42
8/27
at
100.00
AA+
1,966,642
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
5,027,285
3,000
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021B,
5.000%,
7/01/37,
144A
7/31
at
100.00
N/R
2,978,910
1,010
Springfield
Water
and
Sewer
Commission,
Massachusetts,
General
Revenue
Bonds,
Series
2017C,
5.000%,
4/15/33
4/27
at
100.00
AA
1,086,942
9
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Utilities
(continued)
$
625
Springfield
Water
and
Sewer
Commission,
Massachusetts,
General
Revenue
Bonds,
Series
2019E,
4.000%,
4/15/39
4/29
at
100.00
AA
$
627,375
Total
Utilities
43,200,030
Total
Long-Term
Investments
(cost
$628,500,563)
606,157,477
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
SHORT-TERM
INVESTMENTS
-
 2.1%  
X
13,000,000
MUNICIPAL
BONDS
-
2.1%  
X
13,000,000
Health
Care
-
1.0%
$
6,000
Massachusetts
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Partners
HealthCare
System
Inc.,
Variable
Rate
Demand
Obligations,
Series
1997P,
3.200%,
7/01/27,
(Mandatory
Put
6/07/23)
(5)
6/23
at
100.00
AA-
$
6,000,000
Total
Health
Care
$
6,000,000
Utilities
-
1.1%
$
7,000
Massachusetts
Water
Resources
Authority,
General
Revenue
Bonds,
Refunding
Variable
Rate
Demand
Obligations
Series
2008A-1,
3.490%,
8/01/37,
(Mandatory
Put
6/07/23)
(5)
5/23
at
100.00
AA
$
7,000,000
Total
Utilities
7,000,000
Total
Short-Term
Investments
(cost
$13,000,000)
13,000,000
Total
Investments
(cost
$641,500,563)
-
97.2%
619,157,477
Other
Assets
&
Liabilities,
Net
-
2.8%
18,129,634
Net
Assets
-
100%
$
637,287,111
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
606,157,477
$
–
$
606,157,477
Short-Term
Investments:
Municipal
Bonds
–
13,000,000
–
13,000,000
Total
$
–
$
619,157,477
$
–
$
619,157,477
Nuveen
Massachusetts
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
10
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
Optional
Call
Provisions:
Dates
(month
and
year)
and
prices
of
the
earliest
optional
call
or
redemption.
There
may
be
other
call
provisions
at
varying
prices
at
later
dates.
Certain
mortgage-backed
securities
may
be
subject
to
periodic
principal
paydowns.
(3)
For
financial
reporting
purposes,
the
ratings
disclosed
are
the
highest
of
Standard
&
Poor’s
Group
(“Standard
&
Poor’s”),
Moody’s
Investors
Service,
Inc.
(“Moody’s”)
or
Fitch,
Inc.
(“Fitch”)
rating.
This
treatment
of
split-rated
securities
may
differ
from
that
used
for
other
purposes,
such
as
for
Fund
investment
policies.
Ratings
below
BBB
by
Standard
&
Poor’s,
Baa
by
Moody’s
or
BBB
by
Fitch
are
considered
to
be
below
investment
grade.
Holdings
designated
N/R
are
not
rated
by
any
of
these
national
rating
agencies.
(4)
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.
(5)
Investment
has
a
maturity
of
greater
than
one
year,
but
has
variable
rate
and/or
demand
features
which
qualify
it
as
a
short-term
investment.
The
rate
disclosed,
as
well
as
the
reference
rate
and
spread,
where
applicable,
is
that
in
effect
as
of
the
end
of
the
reporting
period.
This
rate
changes
periodically
based
on
market
conditions
or
a
specified
market
index.
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
11
Nuveen
New
York
Municipal
Bond
Fund
Portfolio
of
Investments
May
31,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
99.1%   
X
1,133,595,675
MUNICIPAL
BONDS
-
99.1%  
X
1,133,595,675
Consumer
Staples
-
3.1%
$
15,110
Erie
County
Tobacco
Asset
Securitization
Corporation,
New
York,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2005A,
5.000%,
6/01/38
7/23
at
100.00
BBB
$
14,154,443
76,105
Erie
County
Tobacco
Asset
Securitization
Corporation,
New
York,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2005C,
0.000%,
6/01/50,
144A
7/23
at
18.47
N/R
7,995,591
New
York
Counties
Tobacco
Trust
VI,
New
York,
Tobacco
Settlement
Pass-Through
Bonds,
Series
Series
2016A-1:
1,075
5.625%,
6/01/35
No
Opt.
Call
A-
1,102,273
6,885
5.750%,
6/01/43
No
Opt.
Call
BBB-
7,127,421
1,330
New
York
Counties
Tobacco
Trust
VI,
New
York,
Tobacco
Settlement
Pass-
Through
Bonds,
Turbo
Term
Series
2016A.
Including
2016A-1,
2016A-
2A
and
2016A-2B,
5.000%,
6/01/45
6/26
at
100.00
BB+
1,253,818
10,000
Suffolk
Tobacco
Asset
Securitization
Corporation,
New
York,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2021B-2,
0.000%,
6/01/66
6/31
at
27.72
N/R
1,090,800
3,000
TSASC
Inc.,
New
York,
Tobacco
Asset-Backed
Bonds,
Series
2006,
5.000%,
6/01/48
6/27
at
100.00
N/R
2,778,360
Total
Consumer
Staples
35,502,706
Education
and
Civic
Organizations
-
11.0%
2,045
Buffalo
and
Erie
County
Industrial
Land
Development
Corporation,
New
York,
Revenue
Bonds,
Enterprise
Charter
School
Project,
Series
2011A,
7.500%,
12/01/40
7/23
at
100.00
CCC
1,819,130
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
Childrens
Aid
Society
Project,
Series
2015.
BUILD
NYC
CHILDRENS
AID
SOCIETY:
2,500
5.000%,
7/01/40
7/25
at
100.00
A+
2,508,475
2,500
5.000%,
7/01/45
7/25
at
100.00
A+
2,497,100
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
1,007,150
4,050
5.000%,
6/01/43
6/24
at
100.00
Aa2
4,067,982
1,360
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
Classical
Charter
Schools
Series
2023A,
4.500%,
6/15/43
6/31
at
100.00
BBB-
1,284,357
500
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
Global
Community
Charter
School
Project,
Series
2022A,
5.000%,
6/15/42
6/32
at
100.00
BB+
484,470
3,275
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
KIPP
New
York
City
Public
School
Facilities,
Canal
West
Project,
Series
2022,
5.250%,
7/01/52
7/32
at
100.00
BBB-
3,339,747
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-
1,825,622
2,200
5.500%,
11/01/44
11/24
at
100.00
BB-
1,809,082
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,
144A
7/23
at
100.00
BB+
1,033,085
1,875
5.000%,
4/15/43,
144A
7/23
at
100.00
BB+
1,755,956
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
1,727,825
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
12
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
Build
NYC
Resource
Corporation,
New
York,
Revenue
Bonds,
Richmond
Preparatory
Charter
School
Project,
Social
Impact
Project
Series
2021A:
$
575
5.000%,
6/01/51,
144A
6/29
at
100.00
N/R
$
516,586
2,620
5.000%,
6/01/56,
144A
6/29
at
100.00
N/R
2,330,883
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-
609,143
Dormitory
Authority
of
the
State
of
New
York,
General
Revenue
Bonds,
Yeshiva
University,
Series
2022A:
3,835
5.000%,
7/15/42
7/32
at
100.00
BBB-
3,874,117
3,015
5.000%,
7/15/50
7/32
at
100.00
BBB-
2,994,347
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
1,731,322
735
5.250%,
7/01/34
-
FGIC
Insured
No
Opt.
Call
Baa2
771,412
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
A3
1,624,544
9,000
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Fordham
University,
Series
2020,
4.000%,
7/01/46
7/29
at
100.00
A
8,588,700
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-
2,800,462
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
A3
4,311,077
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
AAA
1,240,585
1,215
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
New
York
University,
Series
2016A,
4.000%,
7/01/43
7/26
at
100.00
Aa2
1,180,567
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
1,586,610
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
New
York
University,
Series
2019A:
1,040
5.000%,
7/01/37
7/29
at
100.00
Aa2
1,139,705
10,000
4.000%,
7/01/45
7/29
at
100.00
Aa2
9,632,200
4,250
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
4,522,935
8,665
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Rockefeller
University,
Series
2022A,
4.000%,
7/01/42
7/32
at
100.00
Aa1
8,373,076
100
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Saint
Josephs
College,
Series
2021,
5.000%,
7/01/51
7/30
at
100.00
BBB-
99,812
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-
3,382,449
9,175
Dutchess
County
Local
Development
Corporation,
New
York,
Revenue
Bonds,
Marist
College
Project,
Series
2022,
5.000%,
7/01/52
7/32
at
100.00
AA-
9,537,046
7,370
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
1,872,791
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
2,633,765
200
Hempstead
Town
Local
Development
Corporation,
New
York,
Education
Revenue
Bonds,
Evergreen
Charter
School
Project,
Series
2022A,
5.500%,
6/15/57
6/32
at
100.00
BB
194,598
7,835
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,  University
of
Rochester
Project,
Series
2020A,
4.000%,
7/01/50
7/30
at
100.00
AA-
7,395,848
300
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Academy
of
Health
Sciences
Charter
School
Project,
Social
Impact
Series
2022,
5.875%,
7/01/52,
144A
7/32
at
100.00
N/R
289,068
405
New
Rochelle
Corporation,
New
York,
Local
Development
Revenue
Bonds,
Iona
College
Project,
Series
2015A,
5.000%,
7/01/40
7/25
at
100.00
BBB
409,730
13
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
$
2,095
New
York
City
Industrial
Development
Agency,
New
York,
PILOT
Payment
in
Lieu
of
Taxes
Revenue
Bonds,
Queens
Baseball
Stadium
Project,
Refunding
Series
2021A,
3.000%,
1/01/37
-
AGM
Insured
1/31
at
100.00
AA
$
1,796,714
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
-
AGM
Insured
9/30
at
100.00
AA
2,463,769
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-
647,820
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-
10,811,600
1,285
Troy
Capital
Resource
Corporation,
New
York,  Revenue
Bonds,
Rensselaer
Polytechnic
Institute,
Refunding
Series
2020A.
Forward
Delivery,
4.000%,
9/01/40
9/30
at
100.00
A3
1,175,749
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
186,704
205
5.000%,
10/15/39
10/29
at
100.00
N/R
189,842
Total
Education
and
Civic
Organizations
126,075,557
Financials
-
0.9%
5,710
Liberty
Development
Corporation,
New
York,
Goldman
Sachs
Headquarter
Revenue
Bonds,
Series
2005,
5.250%,
10/01/35
No
Opt.
Call
A2
6,399,939
3,475
Liberty
Development
Corporation,
New
York,
Goldman
Sachs
Headquarters
Revenue
Bonds
Series
2007,
5.500%,
10/01/37
No
Opt.
Call
A2
3,923,171
Total
Financials
10,323,110
Health
Care
-
12.6%
Dormitory
Authority
of
the
State
of
New
York,
General
Revenue
Bonds,
Northwell
Health
Obligated
Group,
Series
2022A:
15,600
4.000%,
5/01/45
5/32
at
100.00
A-
14,731,080
18,290
4.250%,
5/01/52
5/32
at
100.00
A-
16,843,261
9,255
5.000%,
5/01/52
5/32
at
100.00
A-
9,697,944
3,250
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Montefiore
Obligated
Group,
Series
2018A,
5.000%,
8/01/35
8/28
at
100.00
BBB-
3,178,077
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Montefiore
Obligated
Group,
Series
2020A:
1,200
5.000%,
9/01/30
3/30
at
100.00
BBB-
1,197,684
2,680
5.000%,
9/01/34
3/30
at
100.00
BBB-
2,649,930
2,620
5.000%,
9/01/35
3/30
at
100.00
BBB-
2,559,295
11,400
4.000%,
9/01/50
3/30
at
100.00
BBB-
9,175,518
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-
2,336,777
33,955
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
NYU
Langone
Hospitals
Obligated
Group,
Series
2020A,
4.000%,
7/01/53
7/30
at
100.00
A+
30,658,309
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Orange
Regional
Medical
Center
Obligated
Group,
Series
2015:
400
5.000%,
12/01/23,
144A
No
Opt.
Call
BBB-
399,556
600
5.000%,
12/01/24,
144A
No
Opt.
Call
BBB-
599,988
500
5.000%,
12/01/25,
144A
6/25
at
100.00
BBB-
500,205
450
5.000%,
12/01/29,
144A
6/25
at
100.00
BBB-
452,268
1,100
5.000%,
12/01/32,
144A
6/25
at
100.00
BBB-
1,105,203
1,100
5.000%,
12/01/33,
144A
6/25
at
100.00
BBB-
1,104,609
1,000
5.000%,
12/01/35,
144A
6/25
at
100.00
BBB-
1,001,130
1,300
5.000%,
12/01/40,
144A
6/25
at
100.00
BBB-
1,252,381
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
14
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Health
Care
(continued)
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Orange
Regional
Medical
Center
Obligated
Group,
Series
2017:
$
1,510
5.000%,
12/01/24,
144A
No
Opt.
Call
BBB-
$
1,509,970
2,000
5.000%,
12/01/26,
144A
No
Opt.
Call
BBB-
2,007,780
1,200
5.000%,
12/01/27,
144A
6/27
at
100.00
BBB-
1,208,532
1,800
5.000%,
12/01/36,
144A
6/27
at
100.00
BBB-
1,776,870
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
BBB+
1,744,400
9,325
5.000%,
7/01/46
7/26
at
100.00
BBB+
8,889,616
1,395
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Rochester
General
Hospital
Project,
Series
2013A,
5.000%,
12/01/42
7/23
at
100.00
BBB+
1,395,112
5,375
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Rochester
General
Hospital
Project,
Series
2017,
5.000%,
12/01/46
12/26
at
100.00
BBB+
5,327,700
2,600
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Rochester
Regional
Health
Project,
Series
2020A,
4.000%,
12/01/46
12/30
at
100.00
BBB+
2,211,508
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
384,964
19,010
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
BBB-
18,287,620
Total
Health
Care
144,187,287
Housing/Multifamily
-
0.1%
1,330
New
York
State
Housing
Finance
Agency,
Multifamily
Housing
Revenue
Bonds,
Cannon
Street
Senior
Housing
Project,
Series
2007A,
5.300%,
2/15/39,
(AMT)
7/23
at
100.00
Aa1
1,331,144
Total
Housing/Multifamily
1,331,144
Industrials
-
2.1%
17,020
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
16,711,938
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
7,566,459
80
New
York
Liberty
Development
Corporation,
New
York,
Liberty
Revenue
Bonds,
7
World
Trade
Center
Project,
Refunding
Green
Series
2022A-
CL2,
3.500%,
9/15/52
3/30
at
100.00
A2
60,330
Total
Industrials
24,338,727
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
7/23
at
100.00
A1
654,732
550
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Saint
Anns
Community
Project,
Series
2019,
5.000%,
1/01/40
1/26
at
103.00
N/R
454,328
New
York
City
Industrial
Development
Agency,
New
York,
Civic
Facility
Revenue
Bonds,
Special
Needs
Facilities
Pooled
Program,
Series
2008A-1:
155
5.800%,
7/01/23,
144A
6/23
at
100.00
N/R
154,431
395
6.100%,
7/01/28,
144A
7/23
at
100.00
N/R
334,055
210
6.200%,
7/01/33,
144A
7/23
at
100.00
N/R
159,359
Total
Long-Term
Care
1,756,905
15
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Materials
-
0.2%
Build
New
York
City
Resource
Corporation,
New
York,
Solid
Waste
Disposal
Revenue
Bonds,
Pratt
Paper
NY,
Inc.
Project,
Series
2014:
$
445
4.500%,
1/01/25,
(AMT),
144A
No
Opt.
Call
N/R
$
446,326
2,145
5.000%,
1/01/35,
(AMT),
144A
1/25
at
100.00
N/R
2,170,247
Total
Materials
2,616,573
Tax
Obligation/General
-
6.3%
2,070
Nassau
County,
New
York,
General
Obligation
Bonds,
General
Improvement
Series
2021A,
4.000%,
4/01/44
-
AGM
Insured
4/31
at
100.00
AA
2,034,789
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
2,073,640
1,000
5.000%,
4/01/40
-
BAM
Insured
4/26
at
100.00
AA
1,035,730
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
2,004,240
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
2,544,475
5,845
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2018
Series
B-1,
5.000%,
10/01/39
10/27
at
100.00
AA
6,202,363
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2018
Series
E-1:
17,000
5.000%,
3/01/39
3/28
at
100.00
AA
18,100,750
1,050
5.000%,
3/01/40
3/28
at
100.00
AA
1,115,237
5,000
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2020
Series
B-1,
4.000%,
10/01/40
10/29
at
100.00
AA
4,971,100
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2021
Series
C:
8,800
4.000%,
8/01/37
8/30
at
100.00
AA
8,919,856
5,350
5.000%,
8/01/42
8/30
at
100.00
AA
5,759,650
5,800
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2021
Series
F-1,
5.000%,
3/01/50
3/31
at
100.00
AA
6,188,194
Puerto
Rico,
General
Obligation
Bonds,
Restructured
Series
2022A-1:
10,000
4.000%,
7/01/33
7/31
at
103.00
N/R
9,200,400
2,770
4.000%,
7/01/41
7/31
at
103.00
N/R
2,320,124
Total
Tax
Obligation/General
72,470,548
Tax
Obligation/Limited
-
25.3%
2,000
Dormitory
Authority
of
the
State
of
New
York,
Master
Boces
Program,
Lease
Revenue
Bonds,
St
Lawrence-Lewis
Issue,
Series
2020B,
4.000%,
8/15/40
-
BAM
Insured
8/28
at
100.00
AA
1,957,420
Dormitory
Authority
of
the
State
of
New
York,
Residential
Insitutions
for
Children
Revenue
Bonds,
Series
2008-A1:
1,585
5.000%,
6/01/33
7/23
at
100.00
Aa1
1,587,140
1,985
5.000%,
6/01/38
7/23
at
100.00
Aa1
1,987,759
20
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
School
Districts
Financing
Program,
Series
2009C,
5.125%,
10/01/36
-
AGC
Insured
7/23
at
100.00
AA
20,030
3,115
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2014C.
Group
C,
5.000%,
3/15/42
3/24
at
100.00
AA+
3,144,001
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+
1,022,060
6,000
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2015E,
5.000%,
3/15/30
9/25
at
100.00
AA+
6,246,840
4,065
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2022A,
5.000%,
3/15/46
3/32
at
100.00
AA+
4,393,289
8,865
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose,
Series
2019D,
4.000%,
2/15/38
2/30
at
100.00
Aa1
8,932,463
10,905
Dormitory
Authority
of
the
State
of
New
York,
State
Sales
Tax
Revenue
Bonds,
Series
2017A
Group
C,
5.000%,
3/15/41
3/27
at
100.00
AA+
11,464,426
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
16
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
16,235
Dormitory
Authority
of
the
State
of
New
York,
State
Sales
Tax
Revenue
Bonds,
Series
2018A,
5.000%,
3/15/42
3/28
at
100.00
AA+
$
17,218,192
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+
14,745,450
2,765
Dormitory
Authority
of
the
State
of
New
York,
State
Sales
Tax
Revenue
Bonds,
Series
2018E
Group
4,
5.000%,
3/15/45
9/28
at
100.00
AA+
2,936,209
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D:
2,000
5.000%,
11/15/28
11/25
at
100.00
BB
2,032,660
2,000
5.000%,
11/15/32
11/25
at
100.00
BB
2,027,640
2,170
Hudson
Yards
Infrastructure
Corporation,
New
York,
Revenue
Bonds,
Green
Fiscal
2022
Series
A,
4.000%,
2/15/36
2/32
at
100.00
Aa2
2,243,151
Hudson
Yards
Infrastructure
Corporation,
New
York,
Revenue
Bonds,
Second
Indenture
Fiscal
2017
Series
A:
5,710
5.000%,
2/15/39
2/27
at
100.00
Aa2
5,979,226
5,000
5.000%,
2/15/42
2/27
at
100.00
Aa2
5,212,250
5,450
Metropolitan
Transportation
Authority,
New
York,
Dedicated
Tax
Fund
Bonds,
Series
2022A,
5.000%,
11/15/46
5/32
at
100.00
AA
5,912,541
4,000
Monroe
County
Industrial
Development
Agency,
New
York,
School
Facility
Revenue
Bonds,
Rochester
Schools
Modernization
Project,
Series
2013,
5.000%,
5/01/28
7/23
at
100.00
AA
4,004,240
3,000
New
York
City
Transitional
Finance
Authority,
New
York,
Building
Aid
Revenue
Bonds,
Fiscal
2019
Subseries
S-1,
5.000%,
7/15/43
7/28
at
100.00
AA
3,184,500
New
York
City
Transitional
Finance
Authority,
New
York,
Building
Aid
Revenue
Bonds,
Fiscal
2020
Subseries
S-1B:
5,620
4.000%,
7/15/42
7/29
at
100.00
AA
5,546,153
9,335
4.000%,
7/15/43
7/29
at
100.00
AA
9,194,602
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
8,734,345
New
York
City
Transitional
Finance
Authority,
New
York,
Building
Aid
Revenue
Bonds,
Fiscal
Series
2016S-1:
1,615
5.000%,
7/15/34
1/26
at
100.00
AA
1,687,449
1,165
5.000%,
7/15/35
1/26
at
100.00
AA
1,214,279
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
2,510,206
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
5,764,549
5,000
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
5,080,600
5,000
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2016
Series
A-1,
5.000%,
8/01/36
8/25
at
100.00
AAA
5,147,550
5,000
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2016
Series
E-1,
5.000%,
2/01/39
2/26
at
100.00
AAA
5,174,400
5,000
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2017
Series
B-1,
5.000%,
8/01/38
8/26
at
100.00
AAA
5,223,400
5,000
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2017
Series
F-1,
5.000%,
5/01/38
5/27
at
100.00
AAA
5,322,900
4,020
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2020
Subseries
B-1,
4.000%,
11/01/47
11/29
at
100.00
AAA
3,922,837
5,715
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2020
Subseries
C-1,
4.000%,
5/01/45
11/30
at
100.00
AAA
5,609,672
850
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2022
Subseries
C-1,
4.000%,
2/01/42
2/32
at
100.00
AAA
841,194
5,000
New
York
City,
New
York,
Educational
Construction
Fund
Revenue
Bonds,
Series
2021B,
5.000%,
4/01/52
4/31
at
100.00
AA-
5,313,650
New
York
State
Thruway
Authority,
State
Personal
Income
Tax
Revenue
Bonds,
Bidding
Group
1
Series
2022A:
9,585
5.000%,
3/15/45
9/32
at
100.00
AA+
10,423,783
2,040
5.000%,
3/15/48
9/32
at
100.00
AA+
2,206,546
17
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
1,650
New
York
State
Thruway
Authority,
State
Personal
Income
Tax
Revenue
Bonds,
Climate
Certified
Green
Series
2022C,
5.000%,
3/15/53
9/32
at
100.00
AA+
$
1,775,664
5,380
New
York
State
Urban
Development
Corporation,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Group
1,
Series
2019A,
4.000%,
3/15/48
9/28
at
100.00
Aa1
5,222,420
New
York
State
Urban
Development
Corporation,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose,
Series
2020C:
7,000
5.000%,
3/15/47
9/30
at
100.00
Aa1
7,484,610
3,800
4.000%,
3/15/49
9/30
at
100.00
Aa1
3,675,170
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
652,960
28,646
5.000%,
7/01/58
7/28
at
100.00
N/R
27,441,149
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
A
2,008,120
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
4,438,885
1,930
5.000%,
1/01/32,
(AMT)
1/26
at
100.00
Caa1
1,487,895
1,250
5.000%,
1/01/34,
(AMT)
1/26
at
100.00
Caa1
945,637
5,430
5.000%,
1/01/36,
(AMT)
1/26
at
100.00
Caa1
4,049,260
2,340
Triborough
Bridge
and
Tunnel
Authority,
New
York,
Payroll
Mobility
Tax
Bonds,
Senior
Lien
Series
2021B-1,
4.000%,
5/15/56
5/31
at
100.00
AA+
2,193,820
9,500
Triborough
Bridge
and
Tunnel
Authority,
New
York,
Payroll
Mobility
Tax
Bonds,
Senior
Lien
Series
2022
A,
4.000%,
5/15/51
5/32
at
100.00
AA+
9,005,810
10,940
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+
11,700,002
2,255
Triborough
Bridge
and
Tunnel
Authority,
New
York,
Payroll
Mobility
Tax
Senior
Lien
Bonds,
Series
2022C,
4.125%,
5/15/52
5/32
at
100.00
AA+
2,169,693
10,000
Triborough
Bridge
and
Tunnel
Authority,
New
York,
Sales
Tax
Revenue
Bonds,
MTA
Bridges
&
Tunnels,
TBTA
Capital
Lockbox-City
Sales
Tax,
Series
2022A,
4.000%,
5/15/52
11/32
at
100.00
AAA
9,464,400
Total
Tax
Obligation/Limited
288,885,097
Transportation
-
26.3%
1,500
Buffalo
and
Fort
Erie
Public
Bridge
Authority,
New
York,
Toll
Bridge
System
Revenue
Bonds,
Series
2017,
5.000%,
1/01/42
1/27
at
100.00
A+
1,562,250
2,000
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Green
Climate
Bond
Certified
Series
2020A-1,
5.000%,
11/15/48
5/30
at
100.00
A3
2,043,860
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Green
Climate
Bond
Certified
Series
2020C-1:
3,600
4.750%,
11/15/45
5/30
at
100.00
A3
3,644,532
9,200
5.000%,
11/15/50
5/30
at
100.00
A3
9,394,672
2,000
5.250%,
11/15/55
5/30
at
100.00
A3
2,065,480
2,500
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Refunding
Green
Series
2016B,
5.000%,
11/15/37
11/26
at
100.00
A3
2,551,875
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
7,692,300
6,655
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Refunding
Series
2017D,
4.000%,
11/15/42
5/28
at
100.00
A3
6,262,688
2,500
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2013E,
5.000%,
11/15/32
11/23
at
100.00
A3
2,506,975
5,800
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2014D-1,
5.000%,
11/15/39
11/24
at
100.00
A3
5,819,546
8,450
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2015C-1,
5.250%,
11/15/30
11/25
at
100.00
A3
8,715,668
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Series
2016C-1:
2,500
5.000%,
11/15/34
11/26
at
100.00
A3
2,577,750
2,700
5.000%,
11/15/56
11/26
at
100.00
A3
2,700,297
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
18
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Transportation
(continued)
New
York
City
Industrial
Development
Agency,
New
York,
Civic
Facility
Revenue
Bonds,
Bronx
Parking
Development
Company,
LLC
Project,
Series
2007:
$
2,800
5.750%,
10/01/37
(4)
7/23
at
100.00
N/R
$
2,240,000
2,000
2.350%,
10/01/46
(4)
7/23
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)
7/23
at
100.00
BBB+
9,501,710
2,695
New
York
Liberty
Development
Corporation,
New
York,
Liberty
Revenue
Bonds,
Secured
by
Port
Authority
Consolidated
Bonds,
Refunding
Series
1WTC-2021,
4.000%,
2/15/43
-
BAM
Insured
2/30
at
100.00
AA
2,639,348
New
York
State
Thruway
Authority,
General
Revenue
Bonds,
Series
2020N:
5,000
4.000%,
1/01/42
1/30
at
100.00
A1
4,905,950
3,000
4.000%,
1/01/43
1/30
at
100.00
A1
2,937,630
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
2,297,958
8,515
5.000%,
1/01/46
1/26
at
100.00
A2
8,674,315
New
York
Transportation
Development
Corporation,
New
York,
Facility
Revenue
Bonds,
Thruway
Service
Areas
Project,
Series
2021:
3,720
4.000%,
10/31/46,
(AMT)
10/31
at
100.00
BBB-
3,203,292
17,695
4.000%,
4/30/53,
(AMT)
10/31
at
100.00
BBB-
14,655,884
New
York
Transportation
Development
Corporation,
New
York,
Special
Facilities
Bonds,
LaGuardia
Airport
Terminal
B
Redevelopment
Project,
Series
2016A:
4,750
4.000%,
7/01/31,
(AMT)
7/24
at
100.00
Baa2
4,657,090
24,965
5.250%,
1/01/50,
(AMT)
7/24
at
100.00
Baa2
24,870,632
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
American
Airlines,
Inc.
John
F
Kennedy
International
Airport
Project,
Refunding
Series
2016:
11,545
5.000%,
8/01/26,
(AMT)
6/23
at
100.00
B
11,559,200
12,610
5.000%,
8/01/31,
(AMT)
6/23
at
100.00
B
12,627,024
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
1,761,892
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
Terminal
4
John
F
Kennedy
International
Airport
Project,
Series
2020A:
1,280
5.000%,
12/01/37,
(AMT)
12/30
at
100.00
Baa1
1,328,870
215
4.000%,
12/01/38,
(AMT)
12/30
at
100.00
Baa1
201,969
120
4.000%,
12/01/39,
(AMT)
12/30
at
100.00
Baa1
112,319
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
Terminal
4
John
F
Kennedy
International
Airport
Project,
Series
2020C:
2,490
5.000%,
12/01/34
12/30
at
100.00
Baa1
2,718,408
1,745
5.000%,
12/01/35
12/30
at
100.00
Baa1
1,894,773
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
Terminal
4
John
F
Kennedy
International
Airport
Project,
Series
2022:
2,010
5.000%,
12/01/35,
(AMT)
12/32
at
100.00
Baa1
2,138,198
10,000
5.000%,
12/01/36,
(AMT)
12/32
at
100.00
Baa1
10,538,600
3,000
5.000%,
12/01/38,
(AMT)
12/32
at
100.00
Baa1
3,131,580
1,000
5.000%,
12/01/40,
(AMT)
12/32
at
100.00
Baa1
1,034,830
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
1,337,063
10,200
5.000%,
1/01/28,
(AMT)
No
Opt.
Call
Baa3
10,551,288
10,035
5.000%,
1/01/31,
(AMT)
1/28
at
100.00
Baa3
10,360,836
19
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Transportation
(continued)
$
1,300
New
York
Transportation
Development
Corporation,
Special
Facility
Revenue
Bonds,
Delta
Air
Lines,
Inc.
-
LaGuardia
Airport
Terminals
C&D
Redevelopment
Project,
Series
2020,
4.375%,
10/01/45,
(AMT)
10/30
at
100.00
Baa3
$
1,233,258
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
2,012,660
3,775
5.000%,
4/01/26,
(AMT)
4/24
at
100.00
A3
3,797,386
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
AA-
3,367,862
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
AA-
2,580,077
480
5.000%,
5/01/45
5/25
at
100.00
AA-
488,861
5,000
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
One
Hundred
Eighty-Sixth
Series
2014,
5.000%,
10/15/44,
(AMT)
10/24
at
100.00
AA-
5,019,300
15,000
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
One
Hundred
Ninety-Eighth
Series
2016,
5.250%,
11/15/56
11/26
at
100.00
AA-
15,509,700
2,500
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Eighteen
Series
2019,
5.000%,
11/01/44,
(AMT)
11/29
at
100.00
AA-
2,602,050
4,225
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Eleventh
Series
2018,
4.000%,
9/01/43
9/28
at
100.00
AA-
4,178,356
10,230
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Fifth
Series
2017,
5.000%,
11/15/47
11/27
at
100.00
AA-
10,750,400
1,200
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Thirty
One
Series
2022,
5.500%,
8/01/40,
(AMT)
8/32
at
100.00
AA-
1,350,192
4,800
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Twentieth
Series
2019,
4.000%,
11/01/59,
(AMT)
11/29
at
100.00
AA-
4,349,520
6,815
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-
7,194,527
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-
3,943,816
12,740
Triborough
Bridge
and
Tunnel
Authority,
New
York,
General
Purpose
Revenue
Bonds,
MTA
Bridges
&
Tunnels,
Series
2017A,
5.000%,
11/15/37
5/27
at
100.00
AA-
13,476,245
8,825
Triborough
Bridge
and
Tunnel
Authority,
New
York,
General
Revenue
Bonds,
MTA
Bridges
&
Tunnels,
Series
2020A,
4.000%,
11/15/54
11/30
at
100.00
AA-
8,299,824
Total
Transportation
301,172,586
U.S.
Guaranteed
-
2.6%
(5)
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,
(Pre-refunded
7/01/24)
7/24
at
100.00
N/R
2,997,595
3,065
5.500%,
1/01/44,
(Pre-refunded
7/01/24)
7/24
at
100.00
N/R
3,135,710
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
1,501,845
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
331,491
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
5,078,350
5
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2015B
Group
B,
5.000%,
2/15/32,
(Pre-refunded
2/15/25)
2/25
at
100.00
N/R
5,159
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+
5,388,652
Nuveen
New
York
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
20
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
U.S.
Guaranteed
(5)
(continued)
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+
$
3,810,032
5,000
5.000%,
8/01/43,
(Pre-refunded
8/01/23)
8/23
at
100.00
A+
5,013,200
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
A1
695,925
1,050
5.000%,
4/01/45,
(Pre-refunded
4/01/25)
4/25
at
100.00
A1
1,082,550
Total
U.S.
Guaranteed
29,040,509
Utilities
-
8.4%
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
1,930,100
2,000
0.000%,
6/01/25
-
AGM
Insured
No
Opt.
Call
AA
1,865,240
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
2,999,817
2,910
Long
Island
Power
Authority,
New
York,
Electric
System
General
Revenue
Bonds,
Series
2017,
5.000%,
9/01/42
9/27
at
100.00
A
3,077,238
7,465
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2017
Adjustable
Rate
Series
BB-1,
5.000%,
6/15/46
6/27
at
100.00
AA+
7,867,289
5,000
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2017
Series
DD,
5.250%,
6/15/47
12/26
at
100.00
AA+
5,240,550
9,885
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2020
Series
CC-1,
4.000%,
6/15/49
12/29
at
100.00
AA+
9,666,047
1,265
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2020
Series
EE,
4.000%,
6/15/42
6/30
at
100.00
AA+
1,265,013
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
7,090,095
3,300
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,
5.000%,
6/15/47
6/27
at
100.00
AAA
3,472,260
6,470
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
6,948,327
2,000
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
2022A,
5.000%,
6/15/51
6/32
at
100.00
AAA
2,184,900
10,480
New
York
State
Power
Authority,
General
Revenue
Bonds,
Series
2020A,
4.000%,
11/15/55
5/30
at
100.00
AA
10,058,495
9,400
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
8,169,634
Utility
Debt
Securitization
Authority,
New
York,
Restructuring
Bonds,
Refunding
Series
2015:
845
5.000%,
12/15/35
12/25
at
100.00
AAA
880,456
4,405
5.000%,
12/15/36
12/25
at
100.00
AAA
4,576,751
4,750
5.000%,
12/15/37
12/25
at
100.00
AAA
4,917,675
1,795
Utility
Debt
Securitization
Authority,
New
York,
Restructuring
Bonds,
Series
2013TE,
5.000%,
12/15/41
12/23
at
100.00
AAA
1,808,139
21
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)
Utility
Debt
Securitization
Authority,
New
York,
Restructuring
Bonds,
Series
2017:
$
8,000
5.000%,
12/15/38
12/27
at
100.00
AAA
$
8,642,240
3,000
5.000%,
12/15/39
12/27
at
100.00
AAA
3,234,660
Total
Utilities
95,894,926
Total
Municipal
Bonds
(cost
$1,141,810,537)
1,133,595,675
Total
Long-Term
Investments
(cost
$1,141,810,537)
1,133,595,675
Other
Assets
&
Liabilities,
Net
-
0.9%
10,811,698
Net
Assets
-
100%
$
1,144,407,373
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
1,133,595,675
$
–
$
1,133,595,675
Total
$
–
$
1,133,595,675
$
–
$
1,133,595,675
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
Optional
Call
Provisions:
Dates
(month
and
year)
and
prices
of
the
earliest
optional
call
or
redemption.
There
may
be
other
call
provisions
at
varying
prices
at
later
dates.
Certain
mortgage-backed
securities
may
be
subject
to
periodic
principal
paydowns.
(3)
For
financial
reporting
purposes,
the
ratings
disclosed
are
the
highest
of
Standard
&
Poor’s
Group
(“Standard
&
Poor’s”),
Moody’s
Investors
Service,
Inc.
(“Moody’s”)
or
Fitch,
Inc.
(“Fitch”)
rating.
This
treatment
of
split-rated
securities
may
differ
from
that
used
for
other
purposes,
such
as
for
Fund
investment
policies.
Ratings
below
BBB
by
Standard
&
Poor’s,
Baa
by
Moody’s
or
BBB
by
Fitch
are
considered
to
be
below
investment
grade.
Holdings
designated
N/R
are
not
rated
by
any
of
these
national
rating
agencies.
(4)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(5)
Backed
by
an
escrow
or
trust
containing
sufficient
U.S.
Government
or
U.S.
Government
agency
securities,
which
ensure
the
timely
payment
of
principal
and
interest.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
AMT
Alternative
Minimum
Tax
22
Nuveen
California
Municipal
Bond
Fund
Portfolio
of
Investments
May
31,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
98.9%   
X
1,619,450,067
MUNICIPAL
BONDS
-
98.9%  
X
1,619,450,067
Consumer
Staples
-
0.0%
$
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+
$
339,690
Total
Consumer
Staples
339,690
Education
and
Civic
Organizations
-
5.5%
5,000
California
Educational
Facilities
Authority,
Revenue
Bonds,
Chapman
University,
Series
2015,
5.000%,
4/01/45
4/25
at
100.00
A2
5,070,500
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
3,088,260
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
1,092,191
California
Municipal
Finance
Authority,
Revenue
Bonds,
Linxs
APM
Project,
Senior
Lien
Series
2018A:
8,595
4.000%,
12/31/47,
(AMT)
6/28
at
100.00
A2
7,576,492
6,980
5.000%,
12/31/47,
(AMT)
6/28
at
100.00
BBB-
7,039,330
1,100
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Aspire
Public
Schools,
Refunding
Series
2015A,
5.000%,
8/01/45,
144A
8/25
at
100.00
BBB
1,071,400
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Aspire
Public
Schools,
Refunding
Series
2016:
450
5.000%,
8/01/36,
144A
8/25
at
100.00
BBB
452,416
460
5.000%,
8/01/46,
144A
8/25
at
100.00
BBB
446,191
815
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Aspire
Public
School
-
Obligated
Group,Issue
No.6,
Series
2020A,
5.000%,
8/01/52,
144A
8/28
at
100.00
BBB
774,666
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
382,919
500
5.000%,
6/01/51,
144A
6/26
at
100.00
N/R
457,180
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
376,016
550
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Partnerships
to
Uplift
Communities
Project,
Refunding
Social
Series
2023,
5.500%,
8/01/43,
144A
8/33
at
100.00
BB+
555,489
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
280,454
280
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Stem
Preparatory
Schools
Obligated
Group,
Series
2023A,
5.000%,
6/01/43,
144A
6/31
at
100.00
BBB-
276,158
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
Ba3
449,115
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
752,783
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
832,656
5,235
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Alliance
for
College-Ready
Public
Schools
Project,
Series
2016C,
5.250%,
7/01/52,
144A
7/25
at
101.00
BBB
5,281,173
23
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
$
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
$
563,795
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Value
Schools,
Series
2013:
2,000
6.900%,
7/01/43
7/23
at
100.00
BBB-
2,003,700
4,040
7.000%,
7/01/48
7/23
at
100.00
BBB-
4,047,312
2,650
California
State
University,
Systemwide
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
11/01/35
11/25
at
100.00
Aa2
2,771,874
3,100
California
State
University,
Systemwide
Revenue
Bonds,
Series
2018A,
5.000%,
11/01/43
11/28
at
100.00
Aa2
3,335,290
5,210
California
State
University,
Systemwide
Revenue
Bonds,
Series
2019A,
5.000%,
11/01/51
11/29
at
100.00
Aa2
5,580,379
7,100
California
State
University,
Systemwide
Revenue
Bonds,
Series
2020C,
3.000%,
11/01/39
11/30
at
100.00
Aa2
6,190,064
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
1,172,021
15,325
University
of
California,
General
Revenue
Bonds,
Limited
Project
Series
2017M,
5.000%,
5/15/47
5/27
at
100.00
AA-
16,132,628
11,620
University
of
California,
General
Revenue
Bonds,
Limited
Project
Series
2018O,
5.000%,
5/15/43
5/28
at
100.00
AA-
12,455,013
Total
Education
and
Civic
Organizations
90,507,465
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
1,905
Total
Financials
1,905
Health
Care
-
12.0%
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2016B:
17,205
5.000%,
11/15/46
11/26
at
100.00
A+
17,617,920
3,815
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2017A,
5.000%,
11/15/48
11/27
at
100.00
A+
3,923,499
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Series
2018A:
1,225
5.000%,
11/15/36
11/27
at
100.00
A+
1,304,392
11,100
5.000%,
11/15/48
11/27
at
100.00
A+
11,415,684
7,000
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Cedars-
Sinai
Health
System,
Series
2021A,
4.000%,
8/15/48
8/31
at
100.00
AA-
6,793,010
3,850
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Children's
Hospital
Los
Angeles,
Series
2017A,
5.000%,
8/15/47
8/27
at
100.00
BBB+
3,852,810
6,100
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
City
of
Hope
National
Medical
Center,
Series
2012A,
4.000%,
11/15/39
7/23
at
100.00
A
5,771,027
7,850
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
City
of
Hope
National
Medical
Center,
Series
2019,
4.000%,
11/15/45
11/29
at
100.00
A
7,269,021
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
CommonSpirit
Health,
Series
2020A:
10,750
4.000%,
4/01/40
4/30
at
100.00
A-
10,423,308
3,175
4.000%,
4/01/45
4/30
at
100.00
A-
2,998,502
36,320
4.000%,
4/01/49
4/30
at
100.00
A-
33,614,886
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
4,006,113
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-
843,214
1,825
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Series
2014B,
5.000%,
10/01/44
10/24
at
100.00
A
1,833,377
250
California
Municipal
Finance
Authority,
Revenue
Bonds,
Eisenhower
Medical
Center,
Refunding
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
Baa2
254,420
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
24
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:
$
1,810
5.250%,
11/01/36
11/26
at
100.00
BBB-
$
1,817,023
5,000
5.250%,
11/01/41
11/26
at
100.00
BBB-
4,902,300
6,750
5.000%,
11/01/47
11/26
at
100.00
BBB-
6,245,100
10,310
5.250%,
11/01/47
11/26
at
100.00
BBB-
9,927,396
5,300
California
Municipal
Finance
Authority,
Reveue
Bonds,
Community
Medical
Centers,
Series
2017A,
5.000%,
2/01/47
2/27
at
100.00
A3
5,408,279
2,950
California
Municipal
Financing
Authority,
Certificates
of
Participation,
Palomar
Health,
Series
2022A,
5.250%,
11/01/52
-
AGM
Insured
11/32
at
100.00
AA
3,137,679
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-
1,989,180
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-
2,526,975
6,000
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2014A,
5.250%,
12/01/44
12/24
at
100.00
BB+
5,950,260
17,250
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+
16,220,347
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+
8,036,112
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
1,344,202
1,000
5.000%,
3/01/45
3/26
at
100.00
A
1,011,720
4,650
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Series
2018A,
5.000%,
3/01/48
3/28
at
100.00
A
4,708,218
1,365
California
Statewide
Community
Development
Authority,
Health
Revenue
Bonds,
Enloe
Medical
Center,
Refunding
Series
2022A,
5.250%,
8/15/52
-
AGM
Insured
8/32
at
100.00
AA
1,448,101
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005A:
33
5.750%,
7/01/24
(4),(5)
1/22
at
100.00
N/R
33,345
38
5.750%,
7/01/30
2030
2030
(4),(5)
1/22
at
100.00
N/R
38,339
2
5.750%,
7/01/35
2035
2035
(4),(5)
1/22
at
100.00
N/R
2,497
36
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005G,
5.500%,
7/01/24
2022
2022
(4),(5)
1/22
at
100.00
N/R
36,084
3,000
Kaweah
Delta
Health
Care
District,
California,
Revenue
Bonds,
Series
2015B,
5.000%,
6/01/40
6/25
at
100.00
Ba1
2,499,300
5,000
Palomar
Health
System,
California,
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
11/01/42
11/27
at
100.00
BBB
5,035,250
1,630
Upland,
California,
Certificates
of
Participation,
San
Antonio
Regional
Hospital,
Series
2017,
5.000%,
1/01/47
1/28
at
100.00
BBB
1,660,057
Total
Health
Care
195,898,947
Housing/Multifamily
-
15.2%
19,170
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
13,304,172
15,920
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
12,202,202
26,675
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
21,925,249
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
1,432,841
25
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Housing/Multifamily
(continued)
$
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
$
417,278
440
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
The
Arbors,
Series
2020A,
5.000%,
8/01/50,
144A
8/30
at
100.00
N/R
402,767
2,850
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
2,684,273
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
17,617,142
11,182
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2019-2,
4.000%,
3/20/33
2033
2033
No
Opt.
Call
BBB+
10,801,510
12,478
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2021-1,
3.500%,
11/20/35
2021
2021
No
Opt.
Call
BBB+
11,593,923
1,528
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series2019-1,
4.250%,
1/15/35
No
Opt.
Call
BBB+
1,517,089
9,050
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Social
Certificates
Series
2023-1,
4.375%,
9/20/36
No
Opt.
Call
BBB
8,949,454
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-
172,008
455
5.250%,
8/15/49
8/24
at
100.00
A-
459,504
3,145
California
Statewide
Community
Development
Authority,
Multifamily
Housing
Revenue
Senior
Bonds,
Westgate
Courtyards
Apartments,
Series
2001X-1,
5.420%,
12/01/34
-
AMBAC
Insured,
(AMT)
7/23
at
100.00
N/R
3,025,301
20,705
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
14,456,024
5,675
CMFA
Special
Finance
Agency,
California,
Essential
Housing
Revenue
Bonds,
Enclave
Apartments,
Senior
Series
2022A-1,
4.000%,
8/01/58,
144A
2/32
at
100.00
N/R
4,335,132
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
719,826
8,660
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
5,931,754
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
948,341
5,230
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
4,290,587
26,965
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
19,839,229
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
11,716,503
2,880
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Jefferson-Anaheim
Series
2021A-1,
2.875%,
8/01/41,
144A
8/31
at
100.00
N/R
2,511,965
4,640
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
3,164,341
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
7/32
at
100.00
N/R
3,445,676
5,205
3.250%,
7/01/56,
144A
7/32
at
100.00
N/R
3,536,173
17,875
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
13,068,770
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
26
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Housing/Multifamily
(continued)
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Monterrey
Station
Apartments,
Senior
Lien
Series
2021A-1:
$
1,615
3.000%,
7/01/43,
144A
7/32
at
100.00
N/R
$
1,211,977
4,750
3.125%,
7/01/56,
144A
7/32
at
100.00
N/R
3,212,520
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
278,601
16,430
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
12,076,379
5,280
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
3,751,229
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
4,239,742
7,475
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
5,022,303
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
1,677,627
3,995
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Westgate
Phase
1-Pasadena
Apartments,
Senior
Lien
Series
2021A-1,
3.000%,
6/01/47,
144A
6/31
at
100.00
N/R
2,898,972
16,280
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Westgate
Phase
1-Pasadena
Apartments,
Senior
Lien
Series
2021A-2,
3.125%,
6/01/57,
144A
6/31
at
100.00
N/R
10,597,140
3,100
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Wood
Creek
Apartments,
Mezzanine
Lien
Series
2021A-2,
4.000%,
12/01/58
6/32
at
100.00
N/R
2,297,410
10,045
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Wood
Creek
Apartments,
Senior
Lien
Series
2021A-1,
3.000%,
12/01/49
6/32
at
100.00
N/R
6,657,826
765
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
768,328
Total
Housing/Multifamily
249,159,088
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
1,309,004
1,000
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Front
Porch
Communities
&
Services,
Series
2021A,
4.000%,
4/01/41
4/31
at
100.00
A
927,650
Total
Long-Term
Care
2,236,654
Tax
Obligation/General
-
11.9%
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
899,960
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
4,016,440
5,570
Bakersfield
City
School
District,
Kern
County,
California,
General
Obligation
Bonds,
Series
2012C,
5.800%,
5/01/42
5/40
at
100.00
Aa3
3,938,826
11,830
California
State,
General
Obligation
Bonds,
Various
Purpose
Refunding
Series
2015,
5.000%,
8/01/33
2/25
at
100.00
Aa2
12,206,312
1,940
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2014,
5.000%,
10/01/37
10/24
at
100.00
Aa2
1,979,013
6,540
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2015,
5.000%,
8/01/45
8/25
at
100.00
Aa2
6,746,729
27
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
(continued)
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2016:
$
2,500
5.000%,
9/01/45
9/26
at
100.00
Aa2
$
2,618,850
835
5.000%,
9/01/46
9/26
at
100.00
Aa2
874,011
22,700
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2018,
5.000%,
10/01/47
4/26
at
100.00
Aa2
23,616,172
1,770
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2020,
4.000%,
11/01/45
11/25
at
100.00
Aa2
1,760,177
3,385
Chino
Valley
Unified
School
District,
San
Bernardino
County,
California,
General
Obligation
Bonds,
2016
Election
Series
2020B,
5.000%,
8/01/55
8/30
at
100.00
Aa2
3,620,190
345
Golden
West
Schools
Financing
Authority,
California,
General
Obligation
Revenue
Refunding
Bonds,
School
District
Program,
Series
1999A,
5.800%,
8/01/23
-
NPFG
Insured
No
Opt.
Call
Baa2
346,194
14,500
Grossmont
Healthcare
District,
California,
General
Obligation
Bonds,
Refunding
Series
2015D,
4.000%,
7/15/40
7/25
at
100.00
Aa2
14,289,605
2,745
Grossmont-Cuyamaca
Community
College
District,
California,
General
Obligation
Bonds,
Refunding
Series
2018,
4.000%,
8/01/47
8/28
at
100.00
AA
2,665,999
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
6,798,540
30
Long
Beach
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
of
2008,
Series
2009A,
5.500%,
8/01/29
7/23
at
100.00
Aa2
30,048
6,225
Manteca
Unified
School
District,
San
Joaquin
County,
California,
General
Obligation
Bonds,
Election
2014
Series
2017B,
4.000%,
8/01/42
8/27
at
100.00
Aa2
6,182,172
10,000
Marin
Healthcare
District,
Marin
County,
California,
General
Obligation
Bonds,
2013
Election,
Series
2015A,
4.000%,
8/01/40
8/25
at
100.00
Aa2
9,923,100
4,040
Morgan
Hill
Unified
School
District,
Santa
Clara
County,
California,
General
Obligation
Bonds,
Election
2012
Series
2017B,
4.000%,
8/01/47
8/27
at
100.00
Aa1
3,979,238
1,740
Pajaro
Valley
Unified
School
District,
Santa
Cruz
County,
California,
General
Obligation
Bonds,
Refunding
Election
2012
Series
2013A,
4.250%,
8/01/47
8/23
at
100.00
Aa3
1,742,627
9,440
Paramount
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2006
Series
2011,
6.375%,
8/01/45
2/33
at
100.00
Aa3
11,206,413
40,000
San
Diego
Community
College
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Election
of
2006,
Series
2013,
0.000%,
8/01/41
(6)
8/23
at
57.57
AAA
22,897,200
30,295
San
Francisco
Bay
Area
Rapid
Transit
District,
California,
General
Obligation
Bonds,
Election
of
2016,
Green
Series
2020C-1,
4.000%,
8/01/45
8/29
at
100.00
Aaa
30,212,295
1,535
San
Leandro
Unified
School
District,
Alameda
County,
California,
General
Obligation
Bonds,
Election
2006
Series
2010C,
0.000%,
8/01/39
-
AGC
Insured
(6)
8/28
at
100.00
AA
1,465,710
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
2,464,548
2,000
Victor
Valley
Union
High
School
District,
San
Bernardino
County,
California,
General
Obligation
Bonds,
20008
Election
Series
2009A,
5.750%,
8/01/31
-
AGC
Insured
8/26
at
100.00
AA
2,188,160
3,080
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2004
Election
Series
2013B,
5.000%,
8/01/43
8/24
at
100.00
A1
3,101,930
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
659,745
8,640
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2012
Election
Series
2015B,
4.000%,
8/01/45
8/25
at
100.00
A1
8,190,547
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-
1,135,321
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
28
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,
6.550%,
8/01/42
No
Opt.
Call
Aa2
$
2,686,775
Total
Tax
Obligation/General
194,442,847
Tax
Obligation/Limited
-
10.9%
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
1,017,238
1,655
Bell
Community
Housing
Authority,
California,
Lease
Revenue
Bonds,
Series
2005,
5.000%,
10/01/36
-
AMBAC
Insured
7/23
at
100.00
N/R
1,661,140
1,335
Brea
and
Olinda
Unified
School
District,
Orange
County,
California,
Certificates
of
Participation
Refunding,
Series
2002A,
5.125%,
8/01/26
-
AGM
Insured
7/23
at
100.00
AA
1,336,201
2,235
California
Community
College
Financing
Authority,
Lease
Revenue
Bonds,
Refunding
Series
2003,
0.000%,
6/01/33
-
AMBAC
Insured
No
Opt.
Call
AA+
1,469,088
2,040
California
Infrastructure
and
Economic
Development
Bank,
Lease
Revenue
Bonds,
California
State
Teachers
Retirement
System
Headquarters
Expansion,
Green
Bond-Climate
Bond
Certified
Series
2019,
5.000%,
8/01/44
8/29
at
100.00
AA
2,188,920
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
7/23
at
100.00
AA+
1,962,489
750
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Bold
Program,
Series
2020A,
4.000%,
9/01/45
9/26
at
103.00
N/R
661,125
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
2,026,880
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
5,217,587
2,600
5.000%,
10/01/33
10/24
at
100.00
Aa3
2,648,204
3,820
5.000%,
10/01/34
10/24
at
100.00
Aa3
3,886,315
2,000
5.000%,
10/01/39
10/24
at
100.00
Aa3
2,029,000
365
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2011A,
8.000%,
9/02/41
6/23
at
100.00
N/R
349,823
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-
1,927,371
2,165
5.500%,
9/01/29
9/23
at
100.00
AA-
2,179,311
1,520
5.500%,
9/01/30
9/23
at
100.00
AA-
1,529,880
3,200
Dublin
Community
Facilities
District
2015-1
Dublin
Crossing,
California,
Special
Tax
Bonds,
Improvement  Area
2,
Series
2019,
5.000%,
9/01/44
9/26
at
103.00
N/R
3,233,056
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
1,559,370
310
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Series
2022A-1,
5.000%,
6/01/51
12/31
at
100.00
BBB+
323,057
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D:
6,375
5.000%,
11/15/29
11/25
at
100.00
BB
6,486,052
3,725
5.000%,
11/15/39
11/25
at
100.00
BB
3,685,329
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
1,003,890
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
1,100,769
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
503,950
750
5.000%,
9/01/44
9/24
at
100.00
N/R
754,035
29
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
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
$
3,280,082
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
796,834
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
1,644,818
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
1,004,520
1,750
6.000%,
9/01/43
9/23
at
100.00
N/R
1,756,597
505
Lancaster
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Combined
Area
Sheriff's
Facilities
Projects,
Refunding
Series
2004,
5.000%,
12/01/23
-
SYNCORA
GTY
Insured
7/23
at
100.00
AA
505,581
390
Lancaster
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Combined
Fire
Protection
Facilities
Project,
Refunding
Series
2004,
5.000%,
12/01/23
-
SYNCORA
GTY
Insured
7/23
at
100.00
AA
390,449
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
1,010,420
5,075
Los
Angeles
County
Metropolitan
Transportation
Authority,
California,
Proposition
C
Sales
Tax
Revenue
Bonds,
Green
Senior
Lien
Series
2019A,
5.000%,
7/01/44
7/28
at
100.00
AAA
5,427,560
3,000
Los
Angeles
County
Public
Works
Financing
Authority,
California,
Lease
Revenue
Bonds,
Multiple
Capital
Project,
Series
2015A,
5.000%,
12/01/39
12/24
at
100.00
AA+
3,061,950
Los
Angeles
County
Public
Works
Financing
Authority,
California,
Lease
Revenue
Bonds,
Series
2019E-1:
7,000
5.000%,
12/01/44
12/29
at
100.00
AA+
7,586,390
4,495
5.000%,
12/01/49
12/29
at
100.00
AA+
4,840,576
115
Menifee
Union
School
District
Public
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2016A,
5.000%,
9/01/36
-
BAM
Insured
9/25
at
100.00
AA
118,810
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+
1,486,792
570
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
582,740
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
3,378,700
3,215
5.000%,
9/01/36
-
AGM
Insured
9/25
at
100.00
AA
3,344,114
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
258,743
Patterson
Public
Finance
Authority,
California,
Revenue
Bonds,
Community
Facilities
District
2001-1,
Senior
Series
2013A:
2,630
5.250%,
9/01/30
9/23
at
100.00
N/R
2,639,652
2,350
5.750%,
9/01/39
9/23
at
100.00
N/R
2,358,272
375
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
376,436
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
4,340,554
31,031
5.000%,
7/01/58
7/28
at
100.00
N/R
29,725,836
5,920
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2,
4.536%,
7/01/53
7/28
at
100.00
N/R
5,298,755
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
30
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
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+
$
1,642,160
2,800
5.000%,
9/01/31
9/24
at
100.00
AA+
2,875,516
2,400
5.000%,
9/01/32
9/24
at
100.00
AA+
2,465,784
4,180
River
Islands
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2003-1
Improvement
Area
1,
Refunding
Series
2022A-1,
5.250%,
9/01/52
-
AGM
Insured
9/29
at
103.00
AA
4,633,906
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
1,032,420
1,000
5.000%,
9/01/29
9/25
at
100.00
N/R
1,029,950
1,000
5.000%,
9/01/30
9/25
at
100.00
N/R
1,026,620
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
202,082
3,390
San
Francisco
Bay
Area
Rapid
Transit
District,
California,
Sales
Tax
Revenue
Bonds,
Series
2019A,
4.000%,
7/01/38
7/27
at
100.00
AA+
3,434,612
390
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
392,882
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
7/23
at
100.00
AA
1,957,698
145
Signal
Hill
Redevelopment
Agency,
California,
Project
1
Tax
Allocation
Bonds,
Series
2011,
7.000%,
10/01/26
7/23
at
100.00
N/R
145,380
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
2,278,158
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
111,479
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-
3,201,713
395
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-
406,467
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
50,510
100
5.000%,
9/01/45
9/25
at
100.00
N/R
100,713
Vista
Community
Development
Commission
Taxable
Non-
Housing
Tax
Allocation
Revenue
Bonds,
California,
Vista
Redevelopment
Project,
Series
2011:
7,600
6.000%,
9/01/33
7/23
at
100.00
AA
7,619,836
7,920
6.125%,
9/01/37
7/23
at
100.00
AA
7,940,117
Total
Tax
Obligation/Limited
178,503,264
Transportation
-
20.6%
50
Alameda
Corridor
Transportation
Authority,
California,
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2016A,
5.000%,
10/01/25
No
Opt.
Call
BBB+
50,817
23,835
California
Infrastructure
and
Economic
Development
Bank,
Revenue
Bonds,
Brightline
West
Passenger
Rail
Project,
Series
2020A,
3.650%,
1/01/50,
(AMT),
(Mandatory
Put
1/31/24)
7/23
at
100.00
N/R
23,752,293
18,840
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021A,
4.000%,
1/15/46
1/31
at
100.00
A
17,858,436
1,000
Long
Beach,
California,
Harbor
Revenue
Bonds,
Series
2015D,
5.000%,
5/15/33
5/25
at
100.00
AA+
1,042,010
5,995
Long
Beach,
California,
Harbor
Revenue
Bonds,
Series
2019A,
5.000%,
5/15/44
5/29
at
100.00
Aa2
6,445,944
31
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Transportation
(continued)
$
5,050
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Green
Series
2022G,
5.000%,
5/15/52,
(AMT)
11/31
at
100.00
AA
$
5,259,626
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
&
Subordinate
Series
2022C:
1,550
4.000%,
5/15/37,
(AMT)
5/32
at
100.00
AA-
1,540,374
1,250
4.000%,
5/15/38,
(AMT)
5/32
at
100.00
AA-
1,230,713
1,275
4.000%,
5/15/39,
(AMT)
5/32
at
100.00
AA-
1,247,562
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
AA
3,189,047
355
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Lien
Series
2015E,
5.000%,
5/15/41
5/25
at
100.00
AA
364,968
6,925
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
AA-
7,024,443
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
AA-
2,019,830
1,800
5.000%,
5/15/38,
(AMT)
11/27
at
100.00
AA-
1,867,554
24,440
5.000%,
5/15/44,
(AMT)
11/27
at
100.00
AA-
25,110,878
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2019D:
2,000
5.000%,
5/15/30,
(AMT)
11/28
at
100.00
AA-
2,134,100
1,415
5.000%,
5/15/34,
(AMT)
11/28
at
100.00
AA-
1,505,928
3,275
5.000%,
5/15/37,
(AMT)
11/28
at
100.00
AA-
3,427,648
3,500
5.000%,
5/15/39,
(AMT)
11/28
at
100.00
AA-
3,640,980
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2019F:
1,285
5.000%,
5/15/37,
(AMT)
5/29
at
100.00
AA-
1,356,729
12,950
5.000%,
5/15/44,
(AMT)
5/29
at
100.00
AA-
13,438,474
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2021D:
9,680
5.000%,
5/15/37,
(AMT)
11/31
at
100.00
AA-
10,412,486
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2022A:
9,250
5.000%,
5/15/45,
(AMT)
5/32
at
100.00
AA-
9,734,885
1,000
4.000%,
5/15/49,
(AMT)
5/32
at
100.00
AA-
922,480
16,305
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Second
Lien
Bonds,
RCTC
91
Express
Lanes,
Refunding
Series
2021C,
4.000%,
6/01/47
6/31
at
100.00
A-
14,807,549
Riverside
County
Transportation
Commission,
California,
Toll
Revenue
Senior
Lien
Bonds,
RCTC
91
Express
Lanes,
Refunding
Series
2021B-1:
3,085
4.000%,
6/01/40
6/31
at
100.00
A
2,936,827
10,815
4.000%,
6/01/46
6/31
at
100.00
A
9,936,822
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Subordinate
Series
2017A:
2,625
5.000%,
7/01/47
7/27
at
100.00
A+
2,723,989
2,000
5.000%,
7/01/47,
(AMT)
7/27
at
100.00
A+
2,034,700
4,000
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+
4,088,200
9,500
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Subordinate
Series
2021B,
5.000%,
7/01/51,
(AMT)
7/31
at
100.00
A+
9,803,905
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
32
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Transportation
(continued)
$
6,500
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
A+
$
6,759,740
7,620
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
A+
7,845,400
4,435
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2014A,
5.000%,
5/01/39,
(AMT)
5/24
at
100.00
A+
4,445,555
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2016B:
10,000
5.000%,
5/01/41,
(AMT)
5/26
at
100.00
A+
10,198,000
17,855
5.000%,
5/01/46,
(AMT)
5/26
at
100.00
A+
18,083,544
5,000
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2017A,
5.000%,
5/01/47,
(AMT)
5/27
at
100.00
A+
5,079,900
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2018D:
7,170
5.000%,
5/01/43,
(AMT)
5/28
at
100.00
A+
7,376,998
9,320
5.000%,
5/01/48,
(AMT)
5/28
at
100.00
A+
9,493,911
6,175
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019A,
5.000%,
5/01/44,
(AMT)
5/29
at
100.00
A+
6,393,410
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019E:
18,500
5.000%,
5/01/45,
(AMT)
5/29
at
100.00
A+
19,121,970
3,515
5.000%,
5/01/50,
(AMT)
5/29
at
100.00
A+
3,613,244
16,460
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Refunding
Senior
Lien
Toll
Road
Revenue
Bonds,
Series
2021A,
4.000%,
1/15/50
1/32
at
100.00
A
15,466,474
10,000
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Toll
Road
Revenue
Bonds,
Refunding
Junior
Lien
Series
2014B,
5.250%,
1/15/44
1/25
at
100.00
A-
10,186,500
23,160
San
Joaquin
Hills
Transportation
Corridor
Agency,
Orange
County,
California,
Toll
Road
Revenue
Bonds,
Refunding
Series
1997A,
0.000%,
1/15/25
-
NPFG
Insured
No
Opt.
Call
BBB+
21,710,184
Total
Transportation
336,685,027
U.S.
Guaranteed
-
9.8%
(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
9,024,327
8,455
Antelope
Valley
Community
College
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Refunding
Series
2015,
0.000%,
8/01/30,
(Pre-refunded
2/15/25)
2/25
at
80.12
Aa2
6,361,035
3,915
California
Educational
Facilities
Authority,
Revenue
Bonds,
Pepperdine
University,
Series
2015,
5.000%,
9/01/40,
(Pre-refunded
9/01/25)
9/25
at
100.00
Aa3
4,089,335
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
A+
2,533,348
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
5,715,046
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
A+
11,366,970
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
1,507,980
33
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
U.S.
Guaranteed
(7)
(continued)
$
1,245
California
Municipal
Finance
Authority,
Revenue
Bonds,
Touro
College
and
University
System,
Series
2014A,
5.250%,
1/01/34,
(Pre-refunded
7/01/24)
7/24
at
100.00
N/R
$
1,271,780
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
41,544
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
Cottage
Health
System
Obligated
Group,
Series
2015:
1,310
5.000%,
11/01/28,
(Pre-refunded
11/01/24)
11/24
at
100.00
AA-
1,341,309
1,100
5.000%,
11/01/31,
(Pre-refunded
11/01/24)
11/24
at
100.00
AA-
1,126,290
1,690
5.000%,
11/01/32,
(Pre-refunded
11/01/24)
11/24
at
100.00
AA-
1,730,391
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
577,305
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
A-
3,851,442
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
8,467,443
8,415
6.000%,
1/15/53,
(Pre-refunded
1/15/24)
1/24
at
100.00
A
8,559,991
Golden
State
Tobacco
Securitization
Corporation,
California,
Enhanced
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Refunding
Series
2015A:
17,210
5.000%,
6/01/40,
(Pre-refunded
6/01/25)
6/25
at
100.00
A+
17,918,880
21,090
5.000%,
6/01/40,
(Pre-refunded
6/01/25)
6/25
at
100.00
N/R
21,958,697
22,230
5.000%,
6/01/45,
(Pre-refunded
6/01/25)
6/25
at
100.00
Aa3
23,145,654
4,390
Golden
State
Tobacco
Securitization
Corporation,
California,
Enhanced
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Series
2005A,
0.000%,
6/01/28
-
AMBAC
Insured,
(ETM)
No
Opt.
Call
Aa3
3,806,876
6,000
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2017A-1,
5.000%,
6/01/23,
(ETM)
No
Opt.
Call
N/R
6,000,000
2,585
Los
Angeles
Community
College
District,
California,
General
Obligation
Bonds,
Refunding
Series
2015A,
5.000%,
8/01/30,
(Pre-refunded
8/01/24)
8/24
at
100.00
Aaa
2,642,309
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2021D:
545
5.000%,
5/15/37,
(Pre-refunded
11/15/31),
(AMT)
11/31
at
100.00
N/R
611,403
5,000
Puerto
Rico
Industrial,
Tourist,
Educational,
Medical
and
Environmental
Control
Facilities
Financing
Authority,
Hospital
Revenue
Bonds,
Hospital
de
la
Concepcion,
Series
2017A,
3.550%,
11/15/30,
(Pre-refunded
11/15/26)
11/26
at
100.00
N/R
4,938,700
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
1,120,965
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
3,137,469
2,000
San
Diego
Community
College
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Refunding
Series
2016,
5.000%,
8/01/41,
(Pre-refunded
8/01/26)
8/26
at
100.00
AAA
2,133,240
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
2,060,540
2,060
San
Mateo
Union
High
School
District,
San
Mateo
County,
California,
General
Obligation
Bonds,
Election
of
2006,
Series
2013A,
0.000%,
9/01/37,
(Pre-refunded
9/01/23)
9/23
at
48.21
Aaa
985,010
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
34
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
U.S.
Guaranteed
(7)
(continued)
$
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
$
1,424,309
1,700
Yosemite
Community
College
District,
California,
General
Obligation
Bonds,
Refunding
Series
2015,
5.000%,
8/01/32,
(Pre-refunded
8/01/25)
8/25
at
100.00
Aa2
1,774,715
Total
U.S.
Guaranteed
161,224,303
Utilities
-
12.9%
California
Pollution
Control
Financing
Authority,
Water
Furnishing
Revenue
Bonds,
Poseidon
Resources
Channelside
LP
Desalination
Project,
Series
2012:
5,000
5.000%,
7/01/37,
(AMT),
144A
1/24
at
100.00
BBB
5,009,100
18,060
5.000%,
11/21/45,
(AMT),
144A
1/24
at
100.00
BBB
17,963,018
4,405
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
4,516,799
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
12/01/23)
No
Opt.
Call
A2
2,721,208
10,725
California
Statewide
Communities
Development
Authority,
Pollution
Control
Revenue
Bonds,
Southern
California
Edison
Company,
Series
2006C,
2.625%,
11/01/33,
(Mandatory
Put
12/01/23)
No
Opt.
Call
A2
10,612,709
140
Compton,
California,
Sewer
Revenue
Bonds,
Refunding
Series
1998,
5.375%,
9/01/23
-
NPFG
Insured
6/23
at
100.00
Baa2
140,077
2,290
Contra
Costa
Water
District,
Contra
Costa
County,
California,
Water
Revenue
Bonds,
Refunding
Series
2019V,
5.000%,
10/01/44
10/29
at
100.00
AA+
2,496,306
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
AAA
1,553,145
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
2,011,678
5,000
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2016A,
5.000%,
7/01/46
1/26
at
100.00
Aa2
5,170,300
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
4,348,177
2,930
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2017A,
5.000%,
7/01/47
1/27
at
100.00
Aa2
3,076,764
9,780
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
10,511,642
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2019A:
5,000
5.000%,
7/01/45
1/29
at
100.00
Aa2
5,367,000
5,000
5.250%,
7/01/49
1/29
at
100.00
Aa2
5,405,750
32,975
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
35,566,835
16,230
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2021B,
5.000%,
7/01/51
1/31
at
100.00
Aa2
17,565,891
4,800
Los
Angeles
Department
of
Water
and
Power,
California,
Water
System
Revenue
Bonds,
Series
2022B,
5.000%,
7/01/43
1/32
at
100.00
Aa2
5,318,160
5,000
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2018B,
5.000%,
7/01/48
7/28
at
100.00
AA+
5,322,000
16,990
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2020C,
5.000%,
7/01/39
7/30
at
100.00
Aa2
18,725,359
3,370
Los
Angeles
Department
of
Water
and
Power,
California,
Waterworks
Revenue
Bonds,
Series
2021B,
5.000%,
7/01/51
1/31
at
100.00
Aa2
3,656,652
10,000
Los
Angeles,
California,
Wastewater
System
Revenue
Bonds,
Green
Series
2015C,
5.000%,
6/01/45
6/25
at
100.00
AA+
10,269,700
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
2,602,106
16,665
Metropolitan
Water
District
of
Southern
California,
Water
Revenue
Bonds,
Series
2020A,
5.000%,
10/01/45
10/29
at
100.00
AAA
18,143,185
3,160
Pico
Rivera
Water
Authority,
California,
Revenue
Bonds,
Refunding
Water
System
Project,
Series
1999A,
5.500%,
5/01/29
-
NPFG
Insured
No
Opt.
Call
Baa2
3,359,491
35
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)
$
2,180
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A,
5.000%,
7/01/47,
144A
7/30
at
100.00
N/R
$
2,100,125
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
213,420
5,110
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021B,
4.000%,
7/01/42,
144A
7/31
at
100.00
N/R
4,362,305
2,145
Santa
Clara
Valley
Water
District,
California,
Water
System
Revenue
Bonds,
Refunding  Series
2020A,
5.000%,
6/01/45
6/30
at
100.00
Aa1
2,341,975
Total
Utilities
210,450,877
Total
Long-Term
Investments
(cost
$1,679,769,522)
1,619,450,067
Borrowings
-
(1.2)%
(8)
(
19,100,000
)
Other
Assets
&
Liabilities,
Net
-
2.3%
36,734,559
Net
Assets
-
100%
$
1,637,084,626
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
1,619,339,802
$
110,265
$
1,619,450,067
Total
$
–
$
1,619,339,802
$
110,265
$
1,619,450,067
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
Optional
Call
Provisions:
Dates
(month
and
year)
and
prices
of
the
earliest
optional
call
or
redemption.
There
may
be
other
call
provisions
at
varying
prices
at
later
dates.
Certain
mortgage-backed
securities
may
be
subject
to
periodic
principal
paydowns.
(3)
For
financial
reporting
purposes,
the
ratings
disclosed
are
the
highest
of
Standard
&
Poor’s
Group
(“Standard
&
Poor’s”),
Moody’s
Investors
Service,
Inc.
(“Moody’s”)
or
Fitch,
Inc.
(“Fitch”)
rating.
This
treatment
of
split-rated
securities
may
differ
from
that
used
for
other
purposes,
such
as
for
Fund
investment
policies.
Ratings
below
BBB
by
Standard
&
Poor’s,
Baa
by
Moody’s
or
BBB
by
Fitch
are
considered
to
be
below
investment
grade.
Holdings
designated
N/R
are
not
rated
by
any
of
these
national
rating
agencies.
(4)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(5)
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.
(8)
Borrowings
as
a
percentage
of
Total
Investments
is
1.2%.
Nuveen
California
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
36
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
37
Nuveen
New
Jersey
Municipal
Bond
Fund
Portfolio
of
Investments
May
31,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
97.2%   
X
407,978,232
MUNICIPAL
BONDS
-
97.2%  
X
407,978,232
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)
7/23
at
100.00
Caa3
$
620,943
240
5.125%,
1/01/37
(4)
7/23
at
100.00
Caa3
157,860
Total
Consumer
Discretionary
778,803
Consumer
Staples
-
3.7%
Tobacco
Settlement
Financing
Corporation,
New
Jersey,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018A:
4,410
4.000%,
6/01/37
6/28
at
100.00
A-
4,410,529
3,970
5.000%,
6/01/46
6/28
at
100.00
BBB+
4,069,210
540
5.250%,
6/01/46
6/28
at
100.00
BBB+
561,935
6,540
Tobacco
Settlement
Financing
Corporation,
New
Jersey,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018B,
5.000%,
6/01/46
6/28
at
100.00
BBB-
6,571,523
Total
Consumer
Staples
15,613,197
Education
and
Civic
Organizations
-
12.6%
2,240
Atlantic
County
Improvement
Authority,
New
Jersey,
General
Obligation
Lease
Revenue
Bonds,
Stockton
University
Atlantic
City
Campus
Phase
II,
Series
2021A,
4.000%,
7/01/47
-
AGM
Insured
7/31
at
100.00
AA
2,124,170
715
Camden
County
Improvement
Authority,
New
Jersey,
School
Revenue
Bonds,
KIPP:
Cooper
Norcross
Academy
2022
Project,
Social
Series
2022,
6.000%,
6/15/62
12/30
at
100.00
BBB
751,687
1,000
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
925,550
Gloucester
County
Improvement
Authority,
New
Jersey,
Revenue
Bonds,
Rowan
University
Project,
County
Gauranteed
Loan,
Series
2019:
3,050
5.000%,
7/01/44
7/29
at
100.00
Aa1
3,270,027
2,020
4.000%,
7/01/48
7/29
at
100.00
Aa1
1,969,662
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-
225,819
New
Jersey
Economic
Development
Authority,
Charter
School
Revenue
Bonds,
North
Star
Academy
Charter
School
of
Newark,
Series
2017:
2,805
4.000%,
7/15/37
7/27
at
100.00
BBB-
2,628,229
100
5.000%,
7/15/47
7/27
at
100.00
BBB-
100,258
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
90,279
945
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
The
Seeing
Eye
Inc.,
Refunding
Series
2015,
5.000%,
3/01/25
No
Opt.
Call
A
969,542
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
The
Seeing
Eye
Inc.,
Refunding
Series
2017:
355
3.000%,
6/01/32
12/27
at
100.00
A
335,841
195
5.000%,
6/01/32
12/27
at
100.00
A
205,471
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
919,927
1,470
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
1,448,317
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Montclair
State
University,
Refunding
Series
2015D:
2,000
5.000%,
7/01/31
7/25
at
100.00
A+
2,063,340
1,055
3.750%,
7/01/33
7/25
at
100.00
A+
1,038,141
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
38
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Rider
University,
Series  2017F:
$
360
3.750%,
7/01/37
7/27
at
100.00
BB
$
280,807
1,370
4.000%,
7/01/42
7/27
at
100.00
BB
1,031,665
2,265
5.000%,
7/01/47
7/27
at
100.00
BB
1,929,757
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+
1,257,205
710
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Seton
Hall
University,
Series
2013D,
5.000%,
7/01/38
7/23
at
100.00
BBB+
710,383
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+
1,445,398
2,430
3.000%,
7/01/46
7/26
at
100.00
BBB+
1,773,025
1,085
4.000%,
7/01/46
7/26
at
100.00
BBB+
965,411
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
791,760
4,500
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Stevens
Institute
of
Technology
Issue,
Green
Series
2020A,
4.000%,
7/01/50
7/30
at
100.00
BBB+
3,928,905
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+
1,016,190
500
4.000%,
7/01/47
7/27
at
100.00
BBB+
444,005
1,110
5.000%,
7/01/47
7/27
at
100.00
BBB+
1,122,665
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
1,424,239
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
693,083
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Refunding
Series
2018A:
1,435
3.750%,
12/01/31,
(AMT)
6/28
at
100.00
Aaa
1,387,071
325
4.000%,
12/01/35,
(AMT)
6/28
at
100.00
Aaa
323,040
1,375
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Refunding
Series
2023B,
4.000%,
12/01/44,
(AMT)
12/33
at
100.00
AA
1,349,342
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
549,703
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Senior
Lien
Series
2016-1A:
785
3.500%,
12/01/32,
(AMT)
12/25
at
100.00
Aaa
748,600
180
4.000%,
12/01/39,
(AMT)
12/25
at
100.00
Aaa
177,813
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Senior
Lien
Series
2017-1A:
335
3.750%,
12/01/33,
(AMT)
12/26
at
100.00
Aaa
328,977
40
4.000%,
12/01/40,
(AMT)
12/26
at
100.00
Aaa
39,451
1,170
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
1,103,076
590
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
560,223
New
Jersey
Higher
Education
Student
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Series
2014-1A-1:
360
4.250%,
12/01/32,
(AMT)
12/23
at
100.00
Aaa
356,595
345
4.500%,
12/01/36,
(AMT)
12/23
at
100.00
Aaa
341,988
860
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
857,489
1,740
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
1,668,921
1,460
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
1,170,701
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
3,052,269
39
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
$
1,000
Passaic
County
Improvement
Authority,
New
Jersey,
Charter
School
Revenue
Bonds,
Paterson
Arts
&
Science
Charter
School,
Series
2023,
5.375%,
7/01/53
,
(WI/DD)
7/31
at
100.00
BBB-
$
1,006,210
Total
Education
and
Civic
Organizations
52,902,227
Financials
-
0.1%
418
New
Jersey
Economic
Development
Authority,
Revenue
Refunding
Bonds,
Kapkowski
Road
Landfill
Project,
Series
2002,
6.500%,
4/01/28
No
Opt.
Call
Baa2
415,508
Total
Financials
415,508
Health
Care
-
11.7%
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
A-
1,727,671
800
5.000%,
2/15/28
2/24
at
100.00
A-
804,544
2,000
5.000%,
2/15/33
2/24
at
100.00
A-
2,010,540
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
7/23
at
100.00
A-
801,080
New
Jersey
Health
Care
Facilities
Authority,
Revenue
Bonds,
Atlanticare
Health
System
Obligated
Group
Issue,
Series
2021:
1,800
2.375%,
7/01/46
7/31
at
100.00
AA-
1,169,424
1,800
3.000%,
7/01/46
7/31
at
100.00
AA-
1,346,508
1,000
3.000%,
7/01/51
7/31
at
100.00
AA-
712,790
195
New
Jersey
Health
Care
Facilities
Finance
Authority,
Revenue
Bonds,
AHS
Hospital
Corporation,
Series
2008A,
5.000%,
7/01/27
7/23
at
100.00
AA-
195,090
2,025
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-
1,971,844
1,630
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-
1,645,371
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Hackensack
Meridian
Health
Obligated
Group,
Refunding
Series
2017A:
1,730
5.000%,
7/01/28
7/27
at
100.00
AA-
1,853,903
1,465
5.000%,
7/01/57
7/27
at
100.00
AA-
1,496,966
3,525
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-
3,428,098
4,950
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-
5,078,304
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-
570,068
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Princeton
HealthCare
System,
Series
2016A:
575
5.000%,
7/01/33
7/26
at
100.00
AA
603,934
600
5.000%,
7/01/34
7/26
at
100.00
AA
628,902
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Robert
Wood
Johnson
University
Hospital
Issue,
Series
2014A:
2,060
5.000%,
7/01/39
7/24
at
100.00
AA-
2,085,276
420
5.000%,
7/01/43
7/24
at
100.00
AA-
424,028
2,135
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-
2,189,976
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
RWJ
Barnabas
Health
Obligated
Group,
Series
2021A:
2,650
4.000%,
7/01/45
7/31
at
100.00
AA-
2,556,217
3,145
3.000%,
7/01/51
7/31
at
100.00
AA-
2,300,976
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
40
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Health
Care
(continued)
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-
$
2,382,632
360
4.000%,
7/01/34
7/26
at
100.00
BBB-
341,309
2,835
5.000%,
7/01/41
7/26
at
100.00
BBB-
2,785,699
2,685
4.000%,
7/01/48
7/26
at
100.00
BBB-
2,195,041
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
1,459,800
755
5.000%,
7/01/46
-
AGM
Insured
7/25
at
100.00
AA
760,829
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Valley
Health
System
Obligated
Group,
Series
2019:
1,990
4.000%,
7/01/44
7/29
at
100.00
A+
1,909,027
2,695
3.000%,
7/01/49
7/29
at
100.00
A+
1,881,029
Total
Health
Care
49,316,876
Housing/Multifamily
-
4.7%
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
551,202
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
B
2,038,864
1,470
New
Jersey
Housing
&
Mortgage
Finance
Agency,
Multifamily
Conduit
Revenue
Bonds,
Cherry
Garden
Apartments
Project,
Series
2021B,
2.375%,
1/01/39
No
Opt.
Call
Aaa
1,134,364
1,310
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2015A,
4.000%,
11/01/45
11/24
at
100.00
AA-
1,218,365
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-
1,027,731
2,145
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2016B,
3.600%,
11/01/40
11/25
at
100.00
AA-
1,981,015
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-
864,929
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2018A:
1,935
3.600%,
11/01/33
11/27
at
100.00
AA-
1,889,953
1,865
3.875%,
11/01/38
11/27
at
100.00
AA-
1,758,341
1,045
3.950%,
11/01/43
11/27
at
100.00
AA-
946,603
650
4.000%,
11/01/48
11/27
at
100.00
AA-
568,834
500
4.100%,
11/01/53
11/27
at
100.00
AA-
434,315
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-
1,460,655
530
3.000%,
11/01/44
11/28
at
100.00
AA-
415,552
870
3.050%,
11/01/49
11/28
at
100.00
AA-
655,197
490
3.150%,
5/01/53
11/28
at
100.00
AA-
366,167
600
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2020A,
2.450%,
11/01/45
11/29
at
100.00
AA-
414,906
2,470
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2021A,
2.450%,
11/01/41
11/30
at
100.00
AA-
1,823,107
Total
Housing/Multifamily
19,550,100
Housing/Single
Family
-
4.8%
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2018A:
1,725
3.600%,
4/01/33
10/27
at
100.00
AA
1,655,672
1,130
3.750%,
10/01/35
10/27
at
100.00
AA
1,082,145
2,150
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
2,067,762
41
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Housing/Single
Family
(continued)
$
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
$
2,492,604
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2020E:
1,540
2.250%,
10/01/40
4/29
at
100.00
AA
1,115,253
1,470
3.500%,
4/01/51
4/29
at
102.44
AA
1,430,648
7,090
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2021H,
2.300%,
10/01/46
4/30
at
100.00
AA
4,916,348
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2022I:
1,885
4.500%,
10/01/42
4/31
at
100.00
AA
1,872,974
1,445
4.600%,
10/01/46
4/31
at
100.00
AA
1,421,663
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2023J:
1,000
4.500%,
10/01/43
4/32
at
100.00
AA
1,008,630
1,150
4.700%,
10/01/48
4/32
at
100.00
AA
1,157,302
Total
Housing/Single
Family
20,221,001
Long-Term
Care
-
0.6%
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
494,003
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
1,549,510
495
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
378,784
Total
Long-Term
Care
2,422,297
Tax
Obligation/General
-
13.8%
2,000
Cherry
Hill
Township,
Camden
County,
New
Jersey,
General
Obligation
Bonds,
Bond
Anticipation
Note
Series
2022,
5.000%,
10/23/23
No
Opt.
Call
N/R
2,010,100
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
676,362
1,470
Cumberland
County,
New
Jersey,
General
Obligation
Bonds,
Series
2021,
2.000%,
5/15/29
5/28
at
100.00
AA-
1,323,412
1,000
Essex
County,
New
Jersey,
General
Obligation
Bonds,
Improvement
Series
2022,
4.000%,
8/15/32
8/30
at
100.00
Aa1
1,080,770
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
12,967
Gloucester
Township,
New
Jersey,
General
Obligation
Bonds,
Series
2019:
1,000
2.000%,
2/01/28
-
BAM
Insured
No
Opt.
Call
AA
908,650
1,500
2.250%,
2/01/29
-
BAM
Insured
No
Opt.
Call
AA
1,369,275
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
162,106
1,040
Harrison,
New
Jersey,
General
Obligation
Bonds,
Parking
Utility
Series
2018,
3.375%,
3/01/34
-
BAM
Insured
3/28
at
100.00
AA
1,041,331
340
Hudson
County
Improvement
Authority,
New
Jersey,
County
Guaranteed
Governmental
Loan
Revenue
Bonds,
Guttenberg
General
Obligation
Bond
Project,
Series
2018,
5.000%,
8/01/42
8/25
at
100.00
AA
348,027
Hudson
County
Improvement
Authority,
New
Jersey,
County
Secured
Lease
Revenue
Bonds,
Hudson
County
Vocational
Technical
Schools
Project,
Series
2016:
2,500
5.000%,
5/01/46
(5)
5/26
at
100.00
AA
2,570,500
3,990
5.000%,
5/01/46,
(UB)
(5)
5/26
at
100.00
AA
4,102,518
1,000
5.250%,
5/01/51
5/26
at
100.00
AA
1,032,290
2,295
Jersey
City,
New
Jersey,
General
Obligation
Bonds,
General
Improvement
Series
2022A,
3.000%,
2/15/37
2/29
at
100.00
A1
2,042,780
1,000
Monmouth
County
Improvement
Authority,
New
Jersey,
Governmental
Pooled
Loan
Revenue
Bonds,
Series
2021A,
3.000%,
3/01/35
3/31
at
100.00
AAA
955,120
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
42
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
(continued)
Monmouth
County
Improvement
Authority,
New
Jersey,
Governmental
Pooled
Loan
Revenue
Bonds,
Series
2022C:
$
1,045
5.000%,
8/15/39
8/32
at
100.00
AAA
$
1,175,583
1,125
5.000%,
8/15/40
8/32
at
100.00
AAA
1,260,090
1,100
5.000%,
8/15/41
8/32
at
100.00
AAA
1,228,018
220
Montclair
Township,
Essex
County,
New
Jersey,
General
Obligation
Bonds,
Refunding
Parking
Utility
Series
2014A,
5.000%,
1/01/37
1/24
at
100.00
AAA
221,276
610
New
Brunswick
Parking
Authority,
Middlesex
County,
New
Jersey,
Guaranteed
Parking
Revenue
Bonds,
Refunding
Series
2012,
5.000%,
9/01/30
7/23
at
100.00
A+
610,830
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
2,001,232
1,340
5.000%,
9/01/39
-
BAM
Insured
9/26
at
100.00
AA
1,390,424
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
978,050
New
Jersey
State,
General
Obligation
Bonds,
Covid-19
Emergency
Series
2020A:
4,785
4.000%,
6/01/31
No
Opt.
Call
A1
5,099,135
2,075
3.000%,
6/01/32
No
Opt.
Call
A1
1,960,792
645
4.000%,
6/01/32
No
Opt.
Call
A1
688,396
Newark
Board
of
Education,
Essex
County,
New
Jersey,
General
Obligation
Bonds,
School
Energy
Savings
Series
2021:
250
4.000%,
7/15/35
-
BAM
Insured
7/31
at
100.00
AA
251,830
600
4.000%,
7/15/36
-
BAM
Insured
7/31
at
100.00
AA
594,408
Newark,
Essex
County,
New
Jersey,
Mass
Transit
Access
Tax
Revenue
Bonds,
Mulberry
Pedestrian
Bridge
Redevelopment
Project,
Series
2022:
500
5.375%,
11/15/52
-
AGM
Insured
11/32
at
100.00
AA
558,415
600
6.000%,
11/15/62
-
AGM
Insured
11/32
at
100.00
AA
689,652
1,500
Ocean
City,
New
Jersey,
General
Obligation
Bonds,
General
Improvement
Series
2019,
2.250%,
9/15/33
9/26
at
100.00
AA
1,303,230
2,625
Passaic
County,
New
Jersey,
General
Obligation
Bonds,
General
Improvement
Series
2019A,
1.000%,
12/01/34
12/27
at
100.00
Aa1
1,960,193
Puerto
Rico,
General
Obligation
Bonds,
Restructured
Series
2022A-1:
1,054
5.625%,
7/01/29
No
Opt.
Call
N/R
1,118,146
2,477
4.000%,
7/01/33
7/31
at
103.00
N/R
2,278,939
345
4.000%,
7/01/37
7/31
at
103.00
N/R
300,254
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-
1,000,913
2,460
South
Orange
&
Maplewood
School
District,
Essex
County,
New
Jersey,
General
Obligation
Bonds,
Series
2021,
2.375%,
8/15/46
8/29
at
100.00
Aa2
1,670,734
625
South
Orange
Village
Township,
New
Jersey,
General
Obligation
Bonds,
Refunding
Series
2020,
4.000%,
1/15/24
No
Opt.
Call
AA
627,275
3,725
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)
7/23
at
100.00
AA+
3,728,911
2,515
Union
County
Utilities
Authority,
New
Jersey,
Solid
Waste
System
County
Deficiency
Revenue
Bonds,
Series
2011A,
5.000%,
6/15/41
7/23
at
100.00
Aaa
2,516,207
2,045
Union
County,
New
Jersey,
General
Obligation
Bonds,
Series
2018,
3.000%,
3/01/27
9/25
at
100.00
Aaa
2,037,761
1,280
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-
959,462
Total
Tax
Obligation/General
57,846,364
43
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
-
18.3%
$
2,100
Bergen
County
Improvement
Authority,
New
Jersey,
County
Guaranteed
Revenue
Bonds,
Bergen
New
Bridge
Medical
Center
Project,
Series
2022,
5.000%,
8/01/47
8/32
at
100.00
Aaa
$
2,324,469
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
694,700
Camden
County
Improvement
Authority,
New
Jersey,
County
Guaranteed
Loan
Revenue
Bonds,
Capital
Program,
Series
2022:
300
5.000%,
1/15/31
No
Opt.
Call
Aa1
342,144
225
5.000%,
1/15/33
1/32
at
100.00
Aa1
259,866
2,565
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
2,415,281
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
1,947,683
New
Jersey
Economic
Development
Authority,
New
Jersey,
Transit
Transportation
Project
Revenue
Bonds,
Portal
North
Bridge
Project
Series
2022A:
3,600
5.250%,
11/01/47
11/32
at
100.00
A2
3,871,440
5,025
5.000%,
11/01/52
11/32
at
100.00
A2
5,272,532
1,515
New
Jersey
Economic
Development
Authority,
New
Jersey,
Transit
Transportation
Project
Revenue
Bonds,
Series
2020A,
4.000%,
11/01/39
11/29
at
100.00
A2
1,469,444
3,000
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
Motor
Vehicle
Surcharge,
Refunding
Subordinate
Series
2017A,
3.375%,
7/01/30
7/27
at
100.00
Baa3
2,866,890
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
A2
2,071,580
485
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Refunding
Series
2023RRR,
5.000%,
3/01/28
No
Opt.
Call
A2
519,226
1,000
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Social
Series
2021QQQ,
5.000%,
6/15/32
12/30
at
100.00
A2
1,110,240
New
Jersey
Transportation
Trust
Fund
Authority,
Federal
Highway
Reimbursement
Revenue
Notes,
Series
2016A-1:
255
5.000%,
6/15/29
6/26
at
100.00
A+
266,656
175
5.000%,
6/15/30
6/26
at
100.00
A+
182,795
2,870
New
Jersey
Transportation
Trust
Fund
Authority,
Federal
Highway
Reimbursement
Revenue
Notes,
Series
2018A,
5.000%,
6/15/31
6/26
at
100.00
A+
2,993,094
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
Program
Bonds,
Series
2022CC:
2,250
5.250%,
6/15/43
12/32
at
100.00
A2
2,443,185
1,170
5.250%,
6/15/46
12/32
at
100.00
A2
1,261,459
1,800
5.000%,
6/15/48
12/32
at
100.00
A2
1,899,018
1,500
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
Program
Bonds,
Series
2023AA,
4.250%,
6/15/44
6/33
at
100.00
A2
1,474,335
14,360
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Capital
Appreciation
Series
2010A,
0.000%,
12/15/30
No
Opt.
Call
A2
10,845,534
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
4,914,257
4,765
0.000%,
12/15/33
-
AGM
Insured
No
Opt.
Call
AA
3,251,969
1,045
0.000%,
12/15/34
-
AGM
Insured
No
Opt.
Call
AA
684,726
1,550
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2010D,
5.000%,
12/15/24
No
Opt.
Call
A2
1,578,520
135
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2013AA,
5.000%,
6/15/36
6/23
at
100.00
A2
135,074
1,035
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2019A,
4.000%,
12/15/39
12/29
at
100.00
A2
1,003,743
1,510
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2019AA,
5.000%,
6/15/46
12/28
at
100.00
A2
1,558,969
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
44
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
2019BB:
$
2,290
3.500%,
6/15/46
12/28
at
100.00
A2
$
1,948,103
1,000
4.000%,
6/15/50
12/28
at
100.00
A2
927,210
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2020AA:
1,040
4.000%,
6/15/50
12/30
at
100.00
A2
965,848
1,000
5.000%,
6/15/50
12/30
at
100.00
A2
1,042,910
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
1,143,671
1,725
Passaic
County
Improvement
Authority,
New
Jersey,
Lease
Revenue
Bonds,
Preakness
Healthcare
Center
Expansion
Project,
Series
2012,
3.500%,
5/01/35
7/23
at
100.00
Aa1
1,725,017
575
Puerto
Rico
Public
Finance
Corporation,
Commonwealth
Appropriation
Bonds,
Series
1998A,
5.125%,
6/01/24
-
AMBAC
Insured
No
Opt.
Call
Aaa
577,789
2,805
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
2,687,022
2,796
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
2,597,288
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+
3,373,620
Total
Tax
Obligation/Limited
76,647,307
Transportation
-
13.0%
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
363,453
1,520
4.125%,
1/01/39
1/24
at
100.00
A1
1,521,307
2,000
5.000%,
1/01/44
1/24
at
100.00
A1
2,009,900
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
1,661,552
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
A+
1,043,030
3,865
5.000%,
7/01/47
7/27
at
100.00
A+
4,010,749
Delaware
River
Joint
Toll
Bridge
Commission,
New
Jersey
and
Pennsylvania,
Bridge
System
Revenue
Bonds,
Series
2019A:
1,125
5.000%,
7/01/30
7/29
at
100.00
A+
1,261,024
1,285
5.000%,
7/01/31
7/29
at
100.00
A+
1,431,477
1,000
3.000%,
7/01/49
7/29
at
100.00
A+
721,090
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+
1,772,302
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
1,260,756
1,705
5.000%,
1/01/31
-
AGM
Insured,
(AMT)
1/24
at
100.00
AA
1,717,293
1,445
5.625%,
1/01/52,
(AMT)
1/24
at
100.00
A-
1,450,534
New
Jersey
Economic
Development
Authority,
Special
Facilities
Revenue
Bonds,
Continental
Airlines
Inc.,
Series
1999:
1,060
5.125%,
9/15/23,
(AMT)
7/23
at
101.00
BB-
1,060,519
2,025
5.250%,
9/15/29,
(AMT)
7/23
at
101.00
BB-
2,030,265
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
BB-
385,217
45
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Transportation
(continued)
New
Jersey
Economic
Development
Authority,
Special
Facility
Revenue
Bonds,
Port
Newark
Container
Terminal
LLC
Project,
Refunding
Series
2017:
$
2,985
5.000%,
10/01/37,
(AMT)
10/27
at
100.00
Baa2
$
3,025,357
2,490
5.000%,
10/01/47,
(AMT)
10/27
at
100.00
Baa2
2,465,573
1,315
New
Jersey
Turnpike
Authority,
Revenue
Bonds,
Series
2005A,
5.250%,
1/01/29
-
AGM
Insured
No
Opt.
Call
AA
1,474,444
New
Jersey
Turnpike
Authority,
Turnpike
Revenue
Bonds,
Series
2021A:
1,000
4.000%,
1/01/42
1/31
at
100.00
AA-
991,810
515
4.000%,
1/01/51
1/31
at
100.00
AA-
492,438
New
Jersey
Turnpike
Authority,
Turnpike
Revenue
Bonds,
Series
2022A:
1,250
4.000%,
1/01/42
7/32
at
100.00
AA-
1,239,763
2,500
4.000%,
1/01/43
7/32
at
100.00
AA-
2,473,525
New
Jersey
Turnpike
Authority,
Turnpike
Revenue
Bonds,
Series
2022B:
1,530
4.500%,
1/01/48
1/33
at
100.00
AA-
1,562,620
2,250
5.250%,
1/01/52
1/33
at
100.00
AA-
2,474,550
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
AA-
1,819,430
5,000
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Thirty
Series
2022,
3.000%,
12/01/31
No
Opt.
Call
AA-
4,995,950
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Twelfth
Series
2019:
2,000
4.000%,
9/01/38
9/29
at
100.00
AA-
2,020,940
1,000
4.000%,
9/01/39
9/29
at
100.00
AA-
1,005,660
South
Jersey
Transportation
Authority,
New
Jersey,
Transportation
System
Revenue
Bonds,
Refunding
Series
2019A:
1,770
5.000%,
11/01/31
-
AGM
Insured
11/29
at
100.00
AA
1,938,982
1,000
5.000%,
11/01/33
-
AGM
Insured
11/29
at
100.00
AA
1,091,870
200
South
Jersey
Transportation
Authority,
New
Jersey,
Transportation
System
Revenue
Bonds,
Series
2020A,
5.000%,
11/01/45
11/30
at
100.00
BBB+
207,022
South
Jersey
Transportation
Authority,
New
Jersey,
Transportation
System
Revenue
Bonds,
Series
2022A:
1,100
4.625%,
11/01/47
11/32
at
100.00
BBB+
1,113,926
650
5.250%,
11/01/52
-
BAM
Insured
11/32
at
100.00
AA
706,492
Total
Transportation
54,800,820
U.S.
Guaranteed
-
3.5%
(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
1,986,642
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,
(Pre-refunded
7/01/23)
7/23
at
100.00
N/R
1,216,239
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
United
Methodist
Homes
of
New
Jersey
Obligated
Group
Issue,
Refunding
Series
2014A:
165
3.750%,
7/01/24,
(ETM)
No
Opt.
Call
N/R
165,033
405
5.000%,
7/01/29,
(Pre-refunded
7/01/24)
7/24
at
100.00
N/R
411,780
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Series
2015WW:
4,110
5.250%,
6/15/40,
(Pre-refunded
6/15/25)
6/25
at
100.00
A2
4,281,880
250
5.250%,
6/15/40,
(Pre-refunded
6/15/25)
6/25
at
100.00
N/R
260,455
1,625
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Financing
Program
Bonds,
Refunding
Series
2014PP,
5.000%,
6/15/26,
(Pre-refunded
6/15/24)
6/24
at
100.00
A2
1,652,560
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
A2
770,916
1,015
5.000%,
7/01/43,
(Pre-refunded
7/01/23)
7/23
at
100.00
A2
1,016,208
Nuveen
New
Jersey
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
46
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
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
U.S.
Guaranteed
(6)
(continued)
$
655
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Hunterdon
Medical
Center,
Refunding
Series
2014A,
5.000%,
7/01/45,
(Pre-refunded
7/01/24)
7/24
at
100.00
A-
$
665,965
280
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Kennedy
Health
System
Obligated
Group
Issue,
Refunding
Series
2012,
3.750%,
7/01/27,
(ETM)
No
Opt.
Call
N/R
281,954
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Palisades
Medical
Center
Obligated
Group
Issue,
Refunding
Series
2013:
665
5.250%,
7/01/31,
(Pre-refunded
7/01/23)
7/23
at
100.00
N/R
665,918
145
5.250%,
7/01/31,
(Pre-refunded
7/01/23)
7/23
at
100.00
N/R
145,177
360
5.500%,
7/01/43,
(Pre-refunded
7/01/23)
7/23
at
100.00
N/R
360,569
80
5.500%,
7/01/43,
(Pre-refunded
7/01/23)
7/23
at
100.00
N/R
80,113
480
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Saint
Luke's
Warren
Hospital
Obligated
Group,
Series
2013,
4.000%,
8/15/37,
(Pre-refunded
8/15/23)
8/23
at
100.00
A-
480,456
105
Salem
County
Pollution
Control
Financing
Authority,
New
Jersey,
Pollution
Control
Revenue
Bonds,
Chambers
Project,
Refunding
Series
2014A,
5.000%,
12/01/23,
(AMT),
(ETM)
No
Opt.
Call
N/R
105,034
Total
U.S.
Guaranteed
14,546,899
Utilities
-
10.2%
New
Jersey
Economic
Development
Authority,
Energy
Facilities
Revenue
Bonds,
UMM
Energy
Partners,
LLC
Project,
Series
2012A:
500
5.000%,
6/15/37,
(AMT)
7/23
at
100.00
Baa2
500,065
1,000
5.125%,
6/15/43,
(AMT)
7/23
at
100.00
Baa2
1,000,080
1,975
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
1,608,203
1,045
New
Jersey
Economic
Development
Authority,
Water
Facilities
Revenue
Bonds,
Middlesex
Water
Company,
Series
2012C,
5.000%,
10/01/23
No
Opt.
Call
A+
1,049,588
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+
3,637,275
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
12/03/29)
12/29
at
100.00
A+
4,287,350
New
Jersey
Infrastructure
Bank,
Environmental
Infrastructure
Bonds,
Green
Series
2021A-1:
3,040
3.000%,
9/01/31
9/30
at
100.00
AAA
3,043,618
4,935
3.000%,
9/01/32
9/30
at
100.00
AAA
4,897,050
5,085
3.000%,
9/01/33
9/30
at
100.00
AAA
4,989,605
New
Jersey
Infrastructure
Bank,
Environmental
Infrastructure
Bonds,
Green
Series
2022A-2:
6,295
5.000%,
9/01/47
9/32
at
100.00
AAA
6,936,586
4,000
5.000%,
9/01/52
9/32
at
100.00
AAA
4,388,720
695
Passaic
County
Utilities
Authority,
New
Jersey,
Solid
Waste
Disposal
Revenue
Bonds,
Refunding
Series
2018,
5.000%,
3/01/37
No
Opt.
Call
AA
791,577
1,260
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A,
5.000%,
7/01/30,
144A
No
Opt.
Call
N/R
1,280,966
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
4,506,150
Total
Utilities
42,916,833
Total
Long-Term
Investments
(cost
$427,078,665)
407,978,232
Floating
Rate
Obligations
-
(1.3)%  
(
5,590,000
)
Other
Assets
&
Liabilities,
Net
-
4.1%
17,430,885
Net
Assets
-
100%
$
419,819,117
47
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
$
–
$
407,978,232
$
–
$
407,978,232
Total
$
–
$
407,978,232
$
–
$
407,978,232
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
Optional
Call
Provisions:
Dates
(month
and
year)
and
prices
of
the
earliest
optional
call
or
redemption.
There
may
be
other
call
provisions
at
varying
prices
at
later
dates.
Certain
mortgage-backed
securities
may
be
subject
to
periodic
principal
paydowns.
(3)
For
financial
reporting
purposes,
the
ratings
disclosed
are
the
highest
of
Standard
&
Poor’s
Group
(“Standard
&
Poor’s”),
Moody’s
Investors
Service,
Inc.
(“Moody’s”)
or
Fitch,
Inc.
(“Fitch”)
rating.
This
treatment
of
split-rated
securities
may
differ
from
that
used
for
other
purposes,
such
as
for
Fund
investment
policies.
Ratings
below
BBB
by
Standard
&
Poor’s,
Baa
by
Moody’s
or
BBB
by
Fitch
are
considered
to
be
below
investment
grade.
Holdings
designated
N/R
are
not
rated
by
any
of
these
national
rating
agencies.
(4)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(5)
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.
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.
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.
48
Nuveen
Connecticut
Municipal
Bond
Fund
Portfolio
of
Investments
May
31,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
99.4%   
X
207,334,303
MUNICIPAL
BONDS
-
99.4%  
X
207,334,303
Education
and
Civic
Organizations
-
17.6%
$
1,220
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Avon
Old
Farms
School,
Series
2021D-1,
4.000%,
7/01/41
7/31
at
100.00
A3
$
1,177,007
380
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Choate
Rosemary
Hall,
Series
2020F,
4.000%,
7/01/39
7/30
at
100.00
Aa2
376,907
1,250
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Connecticut
College,
Series
2022M,
4.000%,
7/01/52
7/32
at
100.00
A2
1,112,838
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
1,920,740
750
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Fairfield
University,
Series
2017R,
4.000%,
7/01/47
7/27
at
100.00
A
679,830
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Hopkins
School,
Series
2022E:
1,545
5.250%,
7/01/47
7/32
at
100.00
AA-
1,681,161
1,000
5.000%,
7/01/53
7/32
at
100.00
AA-
1,038,490
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-
5,171,323
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-
1,819,895
2,000
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Quinnipiac
University,
Series
2023N,
5.000%,
7/01/48
7/33
at
100.00
A-
2,111,660
2,685
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
2,764,744
2,000
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Sacred
Heart
University,
Series
2020K,
5.000%,
7/01/40
7/30
at
100.00
A
2,121,640
3,465
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Sacred
Heart
University,
Series
L,
5.000%,
7/01/42
7/32
at
100.00
A
3,713,059
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
658,907
2,210
3.000%,
7/01/46
7/31
at
100.00
Aa3
1,745,834
1,500
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Trinity
College,
Series
2020R,
4.000%,
6/01/45
6/30
at
100.00
A+
1,371,615
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Trinity
College,
Series
2021S:
2,000
4.000%,
6/01/46
12/31
at
100.00
A+
1,817,680
1,925
4.000%,
6/01/51
12/31
at
100.00
A+
1,705,665
1,900
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
University
of
Hartford,
Series
2022P,
5.375%,
7/01/52
7/32
at
100.00
BBB-
1,834,640
2,000
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
University
of
New
Haven,
Series
2018K-1,
5.000%,
7/01/37
7/28
at
100.00
BBB-
1,956,580
Total
Education
and
Civic
Organizations
36,780,215
Health
Care
-
17.6%
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+
4,644,252
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Connecticut
Children
Medical
Center
and
Subsidiaries,
Series
2023E:
1,000
5.250%,
7/15/48
1/33
at
100.00
A+
1,074,080
2,430
4.250%,
7/15/53
1/33
at
100.00
A+
2,334,550
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+
668,507
1,085
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Hartford
HealthCare
Issue,
Series
2020A,
4.000%,
7/01/40
1/30
at
100.00
A+
1,026,443
3,000
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Hartford
HealthCare
Issue,
Series
2021A,
4.000%,
7/01/51
7/31
at
100.00
A+
2,729,910
49
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Health
Care
(continued)
$
500
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Hartford
HealthCare,
Series
2014E,
5.000%,
7/01/42
7/24
at
100.00
A+
$
503,270
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
2,022,730
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Nuvance
Health
Series
2019A:
2,455
4.000%,
7/01/34
7/29
at
100.00
BBB+
2,281,334
2,235
4.000%,
7/01/36
7/29
at
100.00
BBB+
2,052,065
6,020
4.000%,
7/01/49
7/29
at
100.00
BBB+
5,070,706
1,500
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Stamford
Hospital,
Forward
Delivery
Series
2022M,
4.000%,
7/01/42
7/32
at
100.00
BBB+
1,361,655
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+
1,662,815
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-
2,402,522
1,000
5.000%,
12/01/45
6/26
at
100.00
AA-
1,017,000
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-
2,435,112
2,520
5.000%,
7/01/33
7/24
at
100.00
AA-
2,556,489
830
5.000%,
7/01/34
7/24
at
100.00
AA-
841,554
Total
Health
Care
36,684,994
Housing/Multifamily
-
0.9%
1,890
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program
Bonds,
Series
2019B-1,
3.300%,
11/15/39
11/28
at
100.00
AAA
1,788,450
Total
Housing/Multifamily
1,788,450
Housing/Single
Family
-
1.0%
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
990,418
1,560
2.300%,
11/15/46
11/30
at
100.00
AAA
1,032,283
195
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program
Bonds,
Series
2020E-3,
1.850%,
5/15/38
5/30
at
100.00
AAA
135,800
Total
Housing/Single
Family
2,158,501
Long-Term
Care
-
3.3%
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
1,056,880
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
993,024
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Mary
Wade
Home
Issue,
Series
2019A-1:
900
4.500%,
10/01/34,
144A
10/24
at
104.00
BB
774,720
200
5.000%,
10/01/54,
144A
10/24
at
104.00
BB
150,262
2,650
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
McLean
Affiliates,
Series
2020A,
5.000%,
1/01/45,
144A
1/26
at
102.00
BB+
2,322,805
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
BBB
598,666
1,250
4.000%,
7/01/51
7/28
at
103.00
BBB
937,812
Total
Long-Term
Care
6,834,169
Nuveen
Connecticut
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
50
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
-
27.3%
Bridgeport,
Connecticut,
General
Obligation
Bonds,
Series
2014A:
$
600
5.000%,
7/01/32
-
AGM
Insured
7/24
at
100.00
AA
$
610,632
1,000
5.000%,
7/01/33
-
AGM
Insured
7/24
at
100.00
AA
1,017,560
1,065
5.000%,
7/01/34
-
AGM
Insured
7/24
at
100.00
AA
1,083,456
2,000
Bridgeport,
Connecticut,
General
Obligation
Bonds,
Series
2016D,
5.000%,
8/15/41
-
AGM
Insured
8/26
at
100.00
AA
2,073,540
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
AA-
2,564,486
Connecticut
Housing
Finance
Authority,
State
Supported
Special
Obligation
Bonds,
Series
2021-27:
1,000
2.400%,
6/15/41
6/31
at
100.00
AA-
747,740
1,000
2.550%,
6/15/46
6/31
at
100.00
AA-
698,930
1,000
Connecticut
Housing
Finance
Authority,
State
Supported
Special
Obligation
Bonds,
Series
2021-28,
2.375%,
6/15/40
6/31
at
100.00
AA-
724,300
2,400
Connecticut
State,
General
Obligation
Bonds,
Series
2014A,
5.000%,
3/01/31
3/24
at
100.00
AA-
2,426,568
3,000
Connecticut
State,
General
Obligation
Bonds,
Series
2014F,
5.000%,
11/15/34
11/24
at
100.00
AA-
3,056,400
2,370
Connecticut
State,
General
Obligation
Bonds,
Series
2015F,
5.000%,
11/15/34
11/25
at
100.00
AA-
2,458,591
Connecticut
State,
General
Obligation
Bonds,
Series
2017A:
1,000
5.000%,
4/15/34
4/27
at
100.00
AA-
1,068,590
3,270
5.000%,
4/15/35
4/27
at
100.00
AA-
3,479,934
1,510
Connecticut
State,
General
Obligation
Bonds,
Series
2018A,
5.000%,
4/15/37
4/28
at
100.00
AA-
1,613,420
1,325
Connecticut
State,
General
Obligation
Bonds,
Series
2018C,
5.000%,
6/15/38
6/28
at
100.00
AA-
1,413,537
Connecticut
State,
General
Obligation
Bonds,
Series
2019A:
1,150
5.000%,
4/15/36
4/29
at
100.00
AA-
1,257,571
1,450
4.000%,
4/15/37,
(UB)
(4)
4/29
at
100.00
AA-
1,473,809
650
5.000%,
4/15/39,
(UB)
(4)
4/29
at
100.00
AA-
701,434
2,000
Connecticut
State,
General
Obligation
Bonds,
Series
2020A,
4.000%,
1/15/37
1/30
at
100.00
AA-
2,046,560
2,000
Connecticut
State,
General
Obligation
Bonds,
Series
2021A,
3.000%,
1/15/40
1/31
at
100.00
AA-
1,662,000
300
East
Haddam,
Connecticut,
General
Obligation
Bonds,
Series
2020A,
3.000%,
12/01/37
12/28
at
100.00
AA+
268,575
East
Lyme,
Connecticut,
General
Obligation
Bonds,
Series
2020:
500
3.000%,
7/15/39
7/28
at
100.00
AA
421,210
325
3.000%,
7/15/40
7/28
at
100.00
AA
270,559
500
Hamden,
Connecticut,
General
Obligation
Bonds,
Series
2016,
5.000%,
8/15/33
-
BAM
Insured
8/24
at
100.00
AA
508,175
1,000
Hartford
County
Metropolitan
District,
Connecticut,
General
Obligation
Bonds,
Refunding
Series
2019C,
4.000%,
7/15/40
7/29
at
100.00
AA
992,780
1,035
Hartford
County
Metropolitan
District,
Connecticut,
General
Obligation
Bonds,
Series
2018,
5.000%,
7/15/35
7/28
at
100.00
AA
1,125,749
Hartford
County
Metropolitan
District,
Connecticut,
General
Obligation
Bonds,
Series
2019A:
1,000
4.000%,
7/15/38
7/29
at
100.00
AA
1,003,600
1,075
4.000%,
7/15/39
7/29
at
100.00
AA
1,074,559
5,000
New
Britain,
Connecticut,
General
Obligation
Bonds,
Series
2022A,
5.000%,
3/01/47
-
BAM
Insured
3/32
at
100.00
AA
5,279,300
1,000
New
Haven,
Connecticut,
General
Obligation
Bonds,
Refunding
Series
2016A,
5.000%,
8/15/36
-
AGM
Insured
8/26
at
100.00
AA
1,045,720
New
Haven,
Connecticut,
General
Obligation
Bonds,
Series
2015:
795
5.000%,
9/01/32
-
AGM
Insured
9/25
at
100.00
AA
825,822
1,620
5.000%,
9/01/33
-
AGM
Insured
9/25
at
100.00
AA
1,682,079
500
5.000%,
9/01/35
-
AGM
Insured
9/25
at
100.00
AA
517,600
485
North
Haven,
Connecticut,
General
Obligation
Bonds,
Series
2006,
5.000%,
7/15/24
No
Opt.
Call
Aa1
494,399
51
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
(continued)
$
1,035
Oxford,
Connecticut,
General
Obligation
Bonds,
Series
2019A,
4.000%,
8/01/39
8/29
at
100.00
Aa2
$
1,039,037
2,370
Stratford,
Connecticut,
General
Obligation
Bonds,
Series
2017,
4.000%,
1/01/39
-
BAM
Insured
1/27
at
100.00
AA
2,339,000
Waterbury,
Connecticut,
General
Obligation
Bonds,
Lot
A
Series
2015:
555
5.000%,
8/01/30
-
BAM
Insured
8/25
at
100.00
AA
578,882
485
5.000%,
8/01/31
-
BAM
Insured
8/25
at
100.00
AA
505,879
765
5.000%,
8/01/32
-
BAM
Insured
8/25
at
100.00
AA
797,688
555
5.000%,
8/01/33
-
BAM
Insured
8/25
at
100.00
AA
578,510
555
5.000%,
8/01/34
-
BAM
Insured
8/25
at
100.00
AA
578,171
2,000
West
Haven,
Connecticut,
General
Obligation
Bonds,
Series
2012,
5.000%,
8/01/24
-
AGM
Insured
7/23
at
100.00
AA
2,002,300
750
West
Haven,
Connecticut,
General
Obligation
Bonds,
Series
2020,
4.000%,
3/15/40
-
BAM
Insured
3/30
at
100.00
AA
717,788
Total
Tax
Obligation/General
56,826,440
Tax
Obligation/Limited
-
18.5%
1,930
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
1,690,622
2,500
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes
Series
2013A,
5.000%,
10/01/33
10/23
at
100.00
AA
2,511,500
1,390
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes
Series
2015A,
5.000%,
8/01/33
8/25
at
100.00
AA
1,439,122
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes
Series
2016A:
1,000
5.000%,
9/01/32
9/26
at
100.00
AA
1,056,440
3,500
5.000%,
9/01/33
9/26
at
100.00
AA
3,695,300
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes
Series
2018A:
2,000
5.000%,
1/01/37
1/28
at
100.00
AA
2,132,580
2,000
5.000%,
1/01/38
1/28
at
100.00
AA
2,122,480
1,500
Connecticut
State,
Special
Tax
Obligation
Bonds,
Transportation
Infrastructure
Purposes,
Series
2021A,
4.000%,
5/01/40
5/31
at
100.00
AA
1,498,095
500
Great
Pond
Improvement
District,
Connecticut,
Special
Obligation
Revenue
Bonds,
Great
Pond
Phase
1
Project,
Series
2019,
4.750%,
10/01/48,
144A
10/26
at
102.00
N/R
442,800
500
Great
Pond
Improvement
District,
Connecticut,
Special
Obligation
Revenue
Bonds,
Great
Pond
Phase
2
Project,
Series
2022,
5.750%,
10/01/52,
144A
10/28
at
103.00
N/R
496,445
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
2,700,634
635
Matching
Fund
Special
Purpose
Securitization
Corporation,
Virgin
Islands,
Revenue
Bonds,
Series
2022A,
5.000%,
10/01/39
10/32
at
100.00
N/R
626,580
1,825
Naugatuck,
Connecticut,
Certificates
of
Participation,
Incineration
Facilities
Project,
Series
2021A,
4.000%,
8/15/41,
(AMT)
8/29
at
100.00
AA-
1,675,879
1,000
Puerto
Rico
Highway
and
Transportation
Authority,
Restructured
Toll
Revenue
Bonds,
Series
2022A,
5.000%,
7/01/62
7/32
at
100.00
N/R
961,250
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
1,860
0.000%,
7/01/46
7/28
at
41.38
N/R
502,646
4,250
4.750%,
7/01/53
7/28
at
100.00
N/R
3,940,813
1,000
5.000%,
7/01/58
7/28
at
100.00
N/R
957,940
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
72,337
2,500
University
of
Connecticut,
General
Obligation
Bonds,
Series
2013A,
5.000%,
8/15/32
8/23
at
100.00
AA-
2,504,325
740
University
of
Connecticut,
General
Obligation
Bonds,
Series
2014A,
5.000%,
2/15/31
2/24
at
100.00
AA-
747,126
Nuveen
Connecticut
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
52
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
1,590
University
of
Connecticut,
General
Obligation
Bonds,
Series
2015A,
5.000%,
2/15/34
2/25
at
100.00
AA-
$
1,626,141
3,000
University
of
Connecticut,
General
Obligation
Bonds,
Series
2017A,
5.000%,
1/15/36
1/27
at
100.00
AA-
3,173,070
University
of
Connecticut,
General
Obligation
Bonds,
Series
2019A:
1,000
5.000%,
11/01/36
11/28
at
100.00
AA-
1,078,330
1,000
4.000%,
11/01/38
11/28
at
100.00
AA-
977,940
Total
Tax
Obligation/Limited
38,630,395
Transportation
-
3.0%
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+
1,237,155
5,000
5.000%,
7/01/49,
(AMT)
7/29
at
100.00
BBB+
4,999,850
Total
Transportation
6,237,005
U.S.
Guaranteed
-
3.3%
(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
N/R
1,050,410
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
949,116
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+
510,255
1,000
5.000%,
8/15/32,
(Pre-refunded
8/15/24)
8/24
at
100.00
AA+
1,020,510
2,250
Hartford
County
Metropolitan
District,
Connecticut,
Clean
Water
Project
Revenue
Bonds,
Refunding
Green
Bond
Series
2014A,
5.000%,
11/01/35,
(Pre-refunded
11/01/24)
11/24
at
100.00
AA
2,303,775
1,055
South
Central
Connecticut
Regional
Water
Authority
Water
System
Revenue
Bonds,
Thirtieth
Series
2014A,
5.000%,
8/01/44,
(Pre-refunded
8/01/24)
8/24
at
100.00
AA-
1,075,952
Total
U.S.
Guaranteed
6,910,018
Utilities
-
6.9%
2,000
Connecticut,
State
Revolving
Fund
General
Revenue
Bonds,
Green
Series
2019A,
5.000%,
2/01/39
2/29
at
100.00
AAA
2,174,660
60
Greater
New
Haven
Water
Pollution
Control
Authority,
Connecticut,
Regional
Wastewater
System
Revenue
Bonds,
Series
2005A,
5.000%,
8/15/35
-
NPFG
Insured
7/23
at
100.00
AA
60,022
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Refunding
Series
2017:
1,000
5.000%,
7/01/37
7/27
at
100.00
A-
1,018,810
1,000
5.000%,
7/01/40
7/27
at
100.00
A-
1,012,670
295
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2020A,
5.000%,
1/01/50
7/30
at
100.00
A-
296,274
1,000
Guam
Power
Authority,
Revenue
Bonds,
Series
2014A,
5.000%,
10/01/39
10/24
at
100.00
AA
1,021,170
1,010
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A,
5.000%,
7/01/30,
144A
No
Opt.
Call
N/R
1,026,806
1,700
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021B,
5.000%,
7/01/29,
144A
No
Opt.
Call
N/R
1,731,127
1,685
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-
1,791,206
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-
3,106,253
500
Stamford,
Connecticut,
Water
Pollution
Control
System
and
Facility
Revenue
Bonds,
Series
2013A,
5.250%,
8/15/43
8/23
at
100.00
AA+
500,930
53
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)
$
750
Stamford,
Connecticut,
Water
Pollution
Control
System
and
Facility
Revenue
Bonds,
Series
2019,
4.000%,
4/01/44
4/29
at
100.00
AA+
$
744,188
Total
Utilities
14,484,116
Total
Long-Term
Investments
(cost
$217,177,943)
207,334,303
Floating
Rate
Obligations
-
(0.8)%  
(
1,570,000
)
Other
Assets
&
Liabilities,
Net
-
1.4%
2,789,928
Net
Assets
-
100%
$
208,554,231
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
207,334,303
$
–
$
207,334,303
Total
$
–
$
207,334,303
$
–
$
207,334,303
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
Optional
Call
Provisions:
Dates
(month
and
year)
and
prices
of
the
earliest
optional
call
or
redemption.
There
may
be
other
call
provisions
at
varying
prices
at
later
dates.
Certain
mortgage-backed
securities
may
be
subject
to
periodic
principal
paydowns.
(3)
For
financial
reporting
purposes,
the
ratings
disclosed
are
the
highest
of
Standard
&
Poor’s
Group
(“Standard
&
Poor’s”),
Moody’s
Investors
Service,
Inc.
(“Moody’s”)
or
Fitch,
Inc.
(“Fitch”)
rating.
This
treatment
of
split-rated
securities
may
differ
from
that
used
for
other
purposes,
such
as
for
Fund
investment
policies.
Ratings
below
BBB
by
Standard
&
Poor’s,
Baa
by
Moody’s
or
BBB
by
Fitch
are
considered
to
be
below
investment
grade.
Holdings
designated
N/R
are
not
rated
by
any
of
these
national
rating
agencies.
(4)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
inverse
floating
rate
transactions.
(5)
Backed
by
an
escrow
or
trust
containing
sufficient
U.S.
Government
or
U.S.
Government
agency
securities,
which
ensure
the
timely
payment
of
principal
and
interest.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
AMT
Alternative
Minimum
Tax
UB
Underlying
bond
of
an
inverse
floating
rate
trust
reflected
as
a
financing
transaction.
54
Nuveen
California
High
Yield
Municipal
Bond
Fund
Portfolio
of
Investments
May
31,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
120.9%   
X
1,414,442,289
MUNICIPAL
BONDS
-
120.9%  
X
1,414,442,289
Consumer
Staples
-
4.5%
$
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
6/23
at
19.28
N/R
$
5,194,530
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
6/23
at
100.00
N/R
1,065,141
1,795
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
1,796,095
20,000
California
County
Tobacco
Securitization
Agency,
Tobacco
Settlement
Asset-Backed
Bonds,
Stanislaus
County
Tobacco
Funding
Corporation,
Series
2006A,
0.000%,
6/01/46
6/23
at
27.21
N/R
4,933,200
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
1,023,331
147,000
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Capital
Appreciation
Series
2021B-2,
0.000%,
6/01/66
12/31
at
27.75
N/R
14,932,260
12,500
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Taxable
Senior
Series
2021A-1,
4.214%,
6/01/50
12/31
at
100.00
BBB+
9,551,375
3,460
Guam
Economic
Development
&
Commerce
Authority,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2007A,
5.625%,
6/01/47
6/23
at
100.00
N/R
3,169,152
25,600
Inland
Empire
Tobacco
Securitization
Authority,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2007C-2.
Turbo
Capital
Appreciation,
0.000%,
6/01/47
6/23
at
20.38
CCC
5,204,736
7,500
Silicon
Valley
Tobacco
Securitization
Authority,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Santa
Clara
County
Tobacco
Securitization
Corporation,
Series
2007A,
0.000%,
6/01/47
7/23
at
26.08
N/R
1,827,975
15,670
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
2,440,289
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
6/23
at
24.34
CCC-
939,350
Total
Consumer
Staples
52,077,434
Education
and
Civic
Organizations
-
16.5%
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
636,342
650
5.000%,
7/01/55,
144A
7/27
at
100.00
Ba2
580,678
2,000
California
Enterprise
Development
Authority,
Charter
School
Revenue
Bonds,
Norton
Science
&
Language
Academy
Project,
Series
2021,
4.000%,
7/01/61,
144A
7/27
at
100.00
N/R
1,301,960
4,210
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
3,922,878
California
Infrastructure
and
Economic
Development
Bank,
Revenue
Bonds,
Los
Angeles
County
Museum
of
Natural
History
Foundation,
Series
2020:
4,250
4.000%,
7/01/50,
(UB)
(4)
7/30
at
100.00
A2
3,940,132
55
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,
John
Adams
Academies,
Inc.
Project,
Series
2015A:
$
900
5.000%,
10/01/35
7/23
at
102.00
BB
$
856,917
1,335
5.250%,
10/01/45
7/23
at
102.00
BB
1,282,321
500
5.250%,
10/01/45
7/23
at
102.00
BB
480,270
4,205
California
Municipal
Finance
Authority
Charter
School
Revenue
Bonds,
John
Adams
Academies,
Inc.
Project,
Series
2017A,
5.000%,
10/01/47,
144A
7/23
at
102.00
BB
3,799,344
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
240,768
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
429,900
2,200
4.500%,
11/01/46,
144A
11/26
at
100.00
N/R
1,814,076
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
771,308
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
818,722
1,000
5.000%,
6/15/46,
144A
6/26
at
100.00
BB
946,320
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+
398,732
425
5.375%,
7/01/45,
144A
7/25
at
100.00
BB+
425,433
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
478,440
1,000
5.000%,
10/01/57,
144A
10/27
at
100.00
N/R
880,020
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
John
Adams
Academies,
Inc.
Project,
Series
2014A:
1,400
5.000%,
10/01/34
7/23
at
102.00
BB
1,339,170
465
5.000%,
10/01/44
7/23
at
102.00
BB
426,689
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Palmdale
Aerospace
Academy
Project,
Series
2016A:
2,445
5.000%,
7/01/41,
144A
7/26
at
100.00
BB
2,335,586
1,145
5.000%,
7/01/46,
144A
7/26
at
100.00
BB
1,055,427
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Urban
Discovery
Academy
Project,
Series
2014A:
775
5.500%,
8/01/34,
144A
8/24
at
100.00
BB-
777,007
1,650
6.000%,
8/01/44,
144A
8/24
at
100.00
BB-
1,659,950
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-
1,672,777
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-
1,390,778
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
661,910
1,385
5.000%,
6/15/51,
144A
6/30
at
100.00
N/R
1,235,891
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
1,408,768
8,640
5.000%,
4/01/41
4/25
at
100.00
Ba1
8,022,499
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
7,545,179
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
56
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
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
$
890,130
1,000
5.000%,
10/01/54,
144A
10/30
at
100.00
N/R
875,890
235
California
Municipal
Finance
Authority,
Revenue
Bonds,
Emerson
College,
Series
2011,
5.000%,
1/01/28
7/23
at
100.00
Baa2
235,235
270
California
Municipal
Finance
Authority,
Revenue
Bonds,
Goodwill
Industries
of
Sacramento
Valley
&
Northern
Nevada
Project,
Series
2012A,
6.625%,
1/01/32,
144A
7/23
at
100.00
N/R
266,860
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
2,931,917
1,000
California
Municipal
Finance
Authority,
Revenue
Bonds,
Linxs
APM
Project,
Senior
Lien
Series
2018A,
4.000%,
12/31/47,
(AMT)
6/28
at
100.00
BBB-
881,500
7,000
California
Municipal
Finance
Authority,
Revenue
Bonds,
Simpson
University,
Series
2020A,
6.000%,
10/01/50,
144A
10/27
at
103.00
N/R
7,036,330
1,000
California
Municipal
Finance
Authority,
Revenue
Bonds,
The
Master's
University
&
Seminary,
Series
2019,
5.000%,
8/01/34
8/29
at
100.00
BBB-
1,029,790
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
1,593,060
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
704,424
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
3,246,360
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+
1,035,064
California
School
Finance
Authority
Charter
School
Revenue
Bonds,
Bright
Star
Schools
-
Obligated
Group,
Series
2017:
920
5.000%,
6/01/27,
144A
No
Opt.
Call
N/R
920,230
755
5.000%,
6/01/37,
144A
6/27
at
100.00
N/R
733,536
1,000
5.000%,
6/01/47,
144A
6/27
at
100.00
N/R
917,620
3,090
5.000%,
6/01/54,
144A
6/27
at
100.00
N/R
2,760,544
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
912,280
California
School
Finance
Authority
Charter
School
Revenue
Bonds,
Fenton
Schools
-
Obligated
Group,
Series
2020A:
960
5.000%,
7/01/40,
144A
7/27
at
100.00
BB+
942,038
2,935
5.000%,
7/01/50,
144A
7/27
at
100.00
BB+
2,741,202
California
School
Finance
Authority
Charter
School
Revenue
Bonds,
John
Adams
Academy
Obligated
Group,
Series
2022A:
3,175
5.000%,
7/01/52,
144A
7/30
at
102.00
BB
2,815,876
8,125
5.125%,
7/01/62,
144A
7/30
at
102.00
BB
7,089,956
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-
298,531
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
953,390
2,085
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
2,081,455
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
446,191
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
832,821
57
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
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
$
786,350
500
4.000%,
6/01/51,
144A
6/31
at
100.00
N/R
354,685
2,300
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Lighthouse
Community
Public
Schools
Obligated
Group,
Series
2022A,
6.500%,
6/01/62,
144A
6/29
at
100.00
N/R
2,342,159
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
1,316,510
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
929,960
1,600
5.000%,
6/01/58,
144A
6/26
at
100.00
N/R
1,453,376
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Arts
in
Action
Charter
Schools
-
Obligated
Group,
Series
2020A:
1,335
5.000%,
6/01/40,
144A
6/27
at
100.00
N/R
1,014,133
3,700
5.000%,
6/01/50,
144A
6/27
at
100.00
N/R
2,596,734
8,200
5.000%,
6/01/59,
144A
6/27
at
100.00
N/R
5,506,956
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Aspire
Public
School
-
Obligated
Group,Issue
No.6,
Series
2020A:
1,060
5.000%,
8/01/52,
144A
8/28
at
100.00
BBB
1,007,541
5,315
5.000%,
8/01/61,
144A
8/28
at
100.00
BBB
4,957,141
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
2,338,988
2,930
5.000%,
6/01/52,
144A
6/26
at
100.00
N/R
2,595,365
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-
811,633
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
1,454,700
1,180
5.000%,
6/01/46,
144A
6/26
at
100.00
N/R
1,102,061
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Ivy
Academia,
Series
2021A:
1,150
4.000%,
6/01/41,
144A
6/28
at
103.00
N/R
887,294
1,500
4.000%,
6/01/51,
144A
6/28
at
103.00
N/R
1,050,330
1,000
4.000%,
6/01/61,
144A
6/28
at
103.00
N/R
661,250
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
676,829
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
903,608
2,475
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Lifeline
Education
Charter
School
Project,
Series
2020A,
5.000%,
7/01/55,
144A
7/28
at
100.00
BB+
2,201,116
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Orange
County
Educational
Arts
Academy
Project,
Series
2023A:
560
5.625%,
6/01/43,
144A
6/30
at
100.00
N/R
559,334
700
5.875%,
6/01/53,
144A
6/30
at
100.00
N/R
699,020
425
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Partnerships
to
Uplift
Communities
Project,
Refunding
Social
Series
2023,
5.500%,
8/01/47,
144A
,
(WI/DD)
8/33
at
100.00
BB+
424,405
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
2,295,250
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
58
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,
Rocketship
Education
Obligated
Group,
Series
2017A:
$
950
5.125%,
6/01/47,
144A
6/26
at
100.00
N/R
$
883,728
1,000
5.250%,
6/01/52,
144A
6/26
at
100.00
N/R
928,510
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
349,420
750
5.000%,
6/01/47,
144A
6/27
at
100.00
N/R
685,455
250
5.000%,
6/01/53,
144A
6/27
at
100.00
N/R
222,692
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Russell
Westbrook
Why
Not
Academy
Obligated
Group,
Series
2021A:
605
4.000%,
6/01/31,
144A
6/27
at
100.00
N/R
549,104
4,000
4.000%,
6/01/51,
144A
6/27
at
100.00
N/R
2,853,960
2,000
4.000%,
6/01/61,
144A
6/27
at
100.00
N/R
1,349,440
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
331,192
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
2,207,010
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
543,737
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Social
Bonds
iLead
Lancaster
Project,
Series
2021A:
440
5.000%,
6/01/41,
144A
6/29
at
100.00
N/R
412,671
1,200
5.000%,
6/01/51,
144A
6/29
at
100.00
N/R
1,083,180
1,320
5.000%,
6/01/61,
144A
6/29
at
100.00
N/R
1,149,641
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Summit
Public
Schools
Obligated
Group,
Series
2017:
500
5.000%,
6/01/37,
144A
6/27
at
100.00
Ba3
481,955
500
5.000%,
6/01/47,
144A
6/27
at
100.00
Ba3
449,115
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Valley
International
Preparatory
High
School
Project,
Series
2022A:
1,000
5.125%,
3/01/52,
144A
3/31
at
100.00
N/R
790,640
1,000
5.250%,
3/01/62,
144A
3/31
at
100.00
N/R
775,300
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+
719,318
1,060
5.000%,
6/01/50,
144A
6/27
at
100.00
BB+
977,521
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+
1,009,720
1,500
6.000%,
6/01/44,
144A
6/24
at
100.00
BB+
1,518,330
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
3,296,446
1,340
5.000%,
7/01/52,
144A
7/27
at
100.00
Ba2
1,171,522
1,265
California
School
Finance
Authority,
Educational
Facility
Revenue
Bonds,
River
Springs
Charter
School
Project,
Series
2023A,
5.750%,
7/01/42,
144A
7/31
at
100.00
BB+
1,267,353
59
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Education
and
Civic
Organizations
(continued)
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
$
577,685
1,000
5.875%,
10/01/44
10/24
at
100.00
BB
1,001,350
520
6.000%,
10/01/49
10/24
at
100.00
BB
520,603
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
2,929,530
1,000
5.000%,
7/01/45,
144A
7/25
at
100.00
BBB
1,003,710
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
1,029,504
1,200
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Granada
Hills
Charter
High
School
Obligated
Group,
Series
2019,
5.000%,
7/01/54,
144A
7/26
at
100.00
BBB
1,179,708
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Green
Dot
Public
Schools
California
Projects,
Series
2022A:
1,200
5.375%,
8/01/42
8/32
at
100.00
BBB-
1,238,952
1,150
5.750%,
8/01/52
8/32
at
100.00
BBB-
1,198,438
600
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
KIPP
LA
Projects,
Series
2014A,
5.000%,
7/01/34,
144A
7/24
at
100.00
BBB
607,146
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
251,838
1,250
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Value
Schools,
Series
2013,
6.650%,
7/01/33
7/23
at
100.00
BBB-
1,252,775
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
Value
Schools,
Series
2016A:
625
5.250%,
7/01/31,
144A
7/26
at
100.00
BBB-
642,506
1,355
6.000%,
7/01/51,
144A
7/26
at
100.00
BBB-
1,391,138
10,000
University
of
California,
General
Revenue
Bonds,
Limited
Project
Series
2021Q,
4.000%,
5/15/51,
(UB)
(4)
5/31
at
100.00
AA-
9,773,700
University
of
Puerto
Rico,
University
System
Revenue
Bonds,
Refunding
Series
2006P:
10
5.000%,
6/01/23
6/23
at
100.00
CC
10,000
1,005
5.000%,
6/01/24
7/23
at
100.00
CC
998,960
580
5.000%,
6/01/30
7/23
at
100.00
CC
562,351
University
of
Puerto
Rico,
University
System
Revenue
Bonds,
Series
2006Q:
125
5.000%,
6/01/30
7/23
at
100.00
CC
121,196
1,580
5.000%,
6/01/36
7/23
at
100.00
CC
1,515,821
Total
Education
and
Civic
Organizations
193,449,021
Health
Care
-
16.7%
Antelope
Valley
Healthcare
District,
California,
Revenue
Bonds,
Series
2016A:
2,765
5.000%,
3/01/31
3/26
at
100.00
BBB
2,786,042
5,160
5.250%,
3/01/36
3/26
at
100.00
BBB
5,254,428
6,280
5.000%,
3/01/41
3/26
at
100.00
BBB
6,207,780
10,600
5.000%,
3/01/46
3/26
at
100.00
BBB
10,148,652
4,000
California
Health
Facilities
Financing
Authority,
California,
Revenue
Bonds,
Sutter
Health,
Refunding
Series
2017A,
4.000%,
11/15/48,
(UB)
(4)
11/27
at
100.00
A+
3,826,800
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Cedars-Sinai
Health
System,
Series
2021A:
5,000
4.000%,
8/15/48
-
BAM
Insured,
(UB)
(4)
8/31
at
100.00
Aa3
4,837,000
51,750
4.000%,
8/15/48,
(UB)
(4)
8/31
at
100.00
AA-
50,219,753
2,485
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
City
of
Hope
National
Medical
Center,
Series
2019,
5.000%,
11/15/49
11/26
at
100.00
A3
2,531,445
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
1,604,744
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
60
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Health
Care
(continued)
$
5,000
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hospital
at
Stanford,
Refunding
Forward
Delivery
Series
2022A,
4.000%,
5/15/51,
(UB)
(4)
5/32
at
100.00
A+
$
4,716,650
260
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Lucile
Salter
Packard
Children's
Hospital,
Tender
Option
Bond
Trust
2015-
XF0152,
8.019%,
8/15/43,
144A,
(IF)
(4)
8/24
at
100.00
A+
276,533
7,800
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+
8,000,226
1,455
California
Municipal
Finance
Authority,
Revenue
Bonds,
Clinicas
del
Camino
Real,
Inc.,
Series
2020,
4.000%,
3/01/28
No
Opt.
Call
BBB-
1,361,414
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
967,200
1,000
5.000%,
12/01/54,
144A
12/30
at
100.00
N/R
948,600
California
Municipal
Finance
Authority,
Revenue
Bonds,
NorthBay
Healthcare
Group,
Series
2015:
200
5.000%,
11/01/35
11/24
at
100.00
BBB-
201,268
1,000
5.000%,
11/01/40
11/24
at
100.00
BBB-
1,001,240
1,250
5.000%,
11/01/44
11/24
at
100.00
BBB-
1,209,238
California
Municipal
Finance
Authority,
Revenue
Bonds,
NorthBay
Healthcare
Group,
Series
2017A:
8,435
5.250%,
11/01/41
11/26
at
100.00
BBB-
8,270,180
3,950
5.000%,
11/01/47
11/26
at
100.00
BBB-
3,654,540
1,000
5.250%,
11/01/47
11/26
at
100.00
BBB-
962,890
1,565
California
Municipal
Financing
Authority,
Certificates
of
Participation,
Palomar
Health,
Series
2022A,
5.250%,
11/01/52
-
AGM
Insured
11/32
at
100.00
BBB-
1,664,565
16,700
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
16,603,808
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2016A:
2,055
5.000%,
12/01/41,
144A
6/26
at
100.00
BB
1,990,267
280
5.250%,
12/01/56,
144A
6/26
at
100.00
BB
263,287
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
300,094
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005A:
57
5.750%,
7/01/24
(5),(6)
1/22
at
100.00
N/R
57,186
33
5.750%,
7/01/30
(5),(6)
1/22
at
100.00
N/R
33,104
36
5.750%,
7/01/35
(5),(6)
1/22
at
100.00
N/R
35,761
149
5.500%,
7/01/39
(5),(6)
1/22
at
100.00
N/R
149,490
3
California
Statewide
Community
Development
Authority,
Revenue
Bonds,
Daughters
of
Charity
Health
System,
Series
2005H,
5.750%,
7/01/25
(5),(6)
1/22
at
100.00
N/R
2,980
Palomar
Pomerado
Health
Care
District,
California,
Certificates
of
Participation,
Series
2017:
875
4.000%,
11/01/38
11/27
at
100.00
Baa3
800,809
1,500
4.000%,
11/01/47
11/27
at
100.00
Baa3
1,309,245
Palomar
Pomerado
Health
System,
California,
Revenue
Bonds,
Refunding
Series
2016:
6,235
5.000%,
11/01/36
11/26
at
100.00
Baa3
6,355,523
2,090
5.000%,
11/01/39
11/26
at
100.00
Baa3
2,111,046
University
of
California
Regents,
Medical
Center
Pooled
Revenue
Bonds,
Series
2022P:
5,000
4.000%,
5/15/43,
(UB)
(4)
5/32
at
100.00
AA-
4,938,750
24,820
4.000%,
5/15/53,
(UB)
(4)
5/32
at
100.00
AA-
22,641,052
20,000
3.500%,
5/15/54,
(UB)
(4)
5/32
at
100.00
AA-
16,864,000
61
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Health
Care
(continued)
$
200
Washington
Township
Health
Care
District,
California,
Revenue
Bonds,
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
Baa2
$
197,102
Total
Health
Care
195,304,692
Housing/Multifamily
-
17.0%
35,685
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
24,765,747
10,500
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
7,638,960
2,500
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
Fountains
at
Emerald
Park,
Senior
Lien
Series
2021A-1,
3.000%,
8/01/56,
144A
8/31
at
100.00
N/R
1,655,350
8,750
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
6,706,613
4,000
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
2,921,280
13,145
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
8,950,825
15,960
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
13,118,162
11,960
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
8,911,874
6,085
California
Community
Housing
Agency,
California,
Essential
Housing
Revenue
Bonds,
The
Arbors,
Series
2020A,
5.000%,
8/01/50,
144A
8/30
at
100.00
N/R
5,570,087
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
1,293,534
4,967
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series
2021-2,
3.750%,
3/25/35
2021
1
No
Opt.
Call
AA+
4,802,097
60
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Series2019-1,
4.250%,
1/15/35
No
Opt.
Call
BBB+
59,935
7,965
California
Housing
Finance
Agency,
Municipal
Certificate
Revenue
Bonds,
Class
A
Social
Certificates
Series
2023-1,
4.375%,
9/20/36
No
Opt.
Call
BBB
7,876,509
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-
242,376
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
1,274,902
470
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Projects,
Subordinate
Series
2021B,
4.000%,
8/15/51
8/31
at
100.00
BBB
402,339
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
1,851,930
California
Public
Finance
Authority,
University
Housing
Revenue
Bonds,
National
Campus
Community
Development
-
Claremont
Properties
LLC
Claremont
Colleges
Project,
Refunding
Series
2023A:
1,335
5.500%,
7/01/50,
144A
7/33
at
105.00
N/R
1,329,340
1,715
6.000%,
7/01/53,
144A
7/33
at
105.00
N/R
1,752,524
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
407,817
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
4,509,564
2,090
5.000%,
6/01/46,
144A
6/26
at
100.00
N/R
1,951,956
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
62
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Housing/Multifamily
(continued)
$
1,500
California
Statewide
Communities
Development
Authority,
Student
Housing
Revenue
Bonds,
University
of
California,
Irvine
East
Campus
Apartments,
Phase
IV-B
CHF-Irvine,
LLC,
Series
2021,
4.000%,
5/15/46
5/31
at
100.00
Baa1
$
1,421,205
4,385
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
3,061,563
1,000
CMFA
Special
Finance
Agency
I,
California,
Essential
Housing
Revenue
Bonds,
The
Mix
at
Center
City,
Subordinate
Series
2021B,
8.000%,
4/01/56,
144A
4/31
at
100.00
N/R
778,560
3,125
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
2,069,187
2,500
CMFA
Special
Finance
Agency
XII,
California,
Essential
Housing
Revenue
Bonds,
Allure
Apartments
Project,
Series
2022A-2,
3.250%,
2/01/57,
144A
2/32
at
100.00
N/R
1,696,150
1,000
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
655,130
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
2,001,545
11,580
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
8,750,427
9,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Altana
Glendale,
Series
2021A-1,
3.500%,
10/01/46,
144A
10/31
at
100.00
N/R
6,805,260
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
2,382,210
8,215
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
5,818,602
2,270
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
7/32
at
100.00
N/R
1,542,193
20,010
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
14,629,711
12,360
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Monterrey
Station
Apartments,
Senior
Lien
Series
2021A-1,
3.125%,
7/01/56,
144A
7/32
at
100.00
N/R
8,359,315
2,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Monterrey
Station
Apartments,
Series
2021B,
4.000%,
7/01/58,
144A
7/32
at
100.00
N/R
1,377,820
6,000
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
4,486,260
3,000
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
2,131,380
2,500
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
1,849,800
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
1,763,685
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
1,316,580
2,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Westgate
Phase
1-Pasadena
Apartments,
Mezzanine
Lien
Series
2021B,
4.000%,
6/01/57,
144A
6/31
at
100.00
N/R
1,372,700
2,200
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Westgate
Phase
1-Pasadena
Apartments,
Senior
Lien
Series
2021A-2,
3.125%,
6/01/57,
144A
6/31
at
100.00
N/R
1,432,046
63
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Housing/Multifamily
(continued)
$
5,000
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Wood
Creek
Apartments,
Mezzanine
Lien
Series
2021A-2,
4.000%,
12/01/58
6/32
at
100.00
N/R
$
3,705,500
2,145
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Wood
Creek
Apartments,
Mezzanine
Lien
Series
2021B,
4.000%,
12/01/59
6/32
at
100.00
N/R
1,368,724
8,655
CSCDA
Community
Improvement
Authority,
California,
Essential
Housing
Revenue
Bonds,
Wood
Creek
Apartments,
Senior
Lien
Series
2021A-1,
3.000%,
12/01/49
6/32
at
100.00
N/R
5,736,534
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
988,450
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+
316,474
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
1,937,360
420
Santa
Clara
County
Housing
Authority,
California,
Multifamily
Housing
Revenue
Bonds,
Blossom
River
Project,
Series
1998A,
6.500%,
9/01/39,
(AMT)
7/23
at
100.00
N/R
412,516
455
Wilson
County
Health
and
Educational
Facilities
Board,
Tennessee,
Senior
Living
Revenue
Bonds,
Rutland
Place
Inc.
Project,
Series
2015A,
4.400%,
1/01/46,
144A
(5)
7/23
at
100.00
N/R
300,318
Total
Housing/Multifamily
198,460,926
Industrials
-
0.0%
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
283,000
Total
Industrials
283,000
Long-Term
Care
-
1.6%
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
2,455,288
California
Statewide
Communities
Development
Authority,
Revenue
Bonds,
899
Charleston
Project,
Refunding
Series
2014A:
4,700
5.000%,
11/01/34,
144A
11/24
at
100.00
N/R
4,183,000
10,325
5.250%,
11/01/44,
144A
11/24
at
100.00
N/R
8,363,870
5,385
5.375%,
11/01/49,
144A
11/24
at
100.00
N/R
4,278,113
Total
Long-Term
Care
19,280,271
Tax
Obligation/General
-
13.7%
1,000
Aromas-San
Juan
Unified
School
District,
San
Benito,
Santa
Cruz
and
Monterey
Counties,
California,
General
Obligation
Bonds,
Series
2013B,
5.250%,
8/01/52
-
AGM
Insured
8/37
at
100.00
AA
701,480
Bakersfield
City
School
District,
Kern
County,
California,
General
Obligation
Bonds,
Series
2012C:
1,700
5.750%,
5/01/37
No
Opt.
Call
A+
1,190,595
6,925
5.800%,
5/01/42
5/40
at
100.00
A+
4,897,014
7,380
5.900%,
5/01/47
5/40
at
100.00
A+
5,128,067
3,840
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,
3.000%,
8/01/51
8/29
at
100.00
Aa3
2,910,720
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
994,758
2,500
Fresno
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
Election
2020
Series
2021A,
3.000%,
8/01/55
8/29
at
100.00
Aa3
1,871,425
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
998,162
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
64
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
(continued)
$
3,795
Lake
Tahoe
Unified
School
District,
El
Dorado
County,
California,
General
Obligation
Bonds,
Series
2010,
6.375%,
8/01/45
-
AGM
Insured
No
Opt.
Call
A1
$
2,993,951
6,985
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
AA-
6,783,972
650
Newman-Crows
Landing
Unified
School
District,
Stanislaus
County,
California,
General
Obligation
Bonds,
2008
Election,
Series
2010B,
6.600%,
8/01/49
-
AGM
Insured
No
Opt.
Call
Aa3
539,669
2,000
Northern
Inyo
County
Local
Hospital
District,
California,
General
Obligation
Bonds,
Election
2005
Series
2009,
0.000%,
11/01/38
-
AGC
Insured
No
Opt.
Call
AA
976,340
2,250
Orland
Joint
Unified
School
District,
Glenn
and
Tehama
Counties,
California,
General
Obligation
Bonds,
2008
Election,
Series
2012B,
6.000%,
8/01/51
8/37
at
100.00
AA
1,582,853
5,000
Oxnard
School
District,
Ventura
County,
California,
General
Obligation
Bonds,
Election
of
2022
Series
2023A,
4.125%,
8/01/50
-
BAM
Insured,
(UB)
(4)
8/33
at
100.00
AA
4,911,100
14,000
Pajaro
Valley
Unified
School
District,
Santa
Cruz
County,
California,
General
Obligation
Bonds,
Refunding
Election
2012
Series
2013A,
4.250%,
8/01/47,
(UB)
(4)
8/23
at
100.00
A+
14,021,140
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
897,601
9,470
Pittsburg
Unified
School
District,
Contra
Costa
County,
California,
General
Obligation
Bonds,
Refunding
Series
2016,
4.000%,
8/01/44,
(UB)
(4)
8/26
at
100.00
A1
9,201,904
Puerto
Rico,
General
Obligation
Bonds,
Restructured
Series
2022A-1:
9,070
0.000%,
7/01/33
7/31
at
89.94
N/R
5,328,405
11,187
4.000%,
7/01/41
7/31
at
103.00
N/R
9,370,316
17,452
4.000%,
7/01/46
7/31
at
103.00
N/R
14,110,989
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
1,544,791
10,000
San
Diego
Unified
School
District,
San
Diego
County,
California,
General
Obligation
Bonds,
Election
of
2012
Series
2017I,
4.000%,
7/01/47,
(UB)
(4)
7/27
at
100.00
Aa2
9,774,200
5,000
San
Luis
Coastal
Unified
School
District,
San
Luis
Obispo
County,
California,
General
Obligation
Bonds,
Election
of
2022
Series
2023A,
4.000%,
8/01/53,
(UB)
(4)
8/32
at
100.00
Aa1
4,897,650
Santa
Ana
Unified
School
District,
Orange
County,
California,
General
Obligation
Bonds,
2018
Election
Series
2022C:
3,045
4.000%,
8/01/44,
(UB)
(4)
8/32
at
100.00
Aa3
3,001,061
5,680
4.000%,
8/01/45,
(UB)
8/32
at
100.00
Aa3
5,556,005
17,585
4.250%,
8/01/50,
(UB)
(4)
8/32
at
100.00
Aa3
17,629,842
7,655
Savanna
Elementary
School
District,
Orange
County,
California,
General
Obligation
Bonds,
Election
2008
Series
2012B,
6.750%,
2/01/52
-
AGM
Insured
No
Opt.
Call
A1
5,558,449
500
Selma
Unified
School
District,
Fresno
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2020C,
3.000%,
8/01/49
-
AGM
Insured
8/30
at
100.00
AA
387,310
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-
693,990
5,730
0.000%,
8/01/46
No
Opt.
Call
AA-
1,962,009
12,460
Washington
Township
Health
Care
District,
Alameda
County,
California,
General
Obligation
Bonds,
2012
Election
Series
2015B,
4.000%,
8/01/45,
(UB)
(4)
8/25
at
100.00
A1
11,811,831
4,845
West
Contra
Costa
Unified
School
District,
Contra
Costa
County,
California,
General
Obligation
Bonds,
Series
2021A-1,
3.000%,
8/01/51
-
AGM
Insured
(4)
8/31
at
100.00
AA
3,644,506
65
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/General
(continued)
$
5,155
Yosemite
Community
College
District,
California,
General
Obligation
Bonds,
Capital
Appreciation,
Election
2004,
Series
2010D,
6.550%,
8/01/42
No
Opt.
Call
AA-
$
3,957,236
Total
Tax
Obligation/General
159,829,341
Tax
Obligation/Limited
-
33.5%
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
1,007,980
Alameda
Community
Facilities
District
No.
22-1,
California,
Alameda
Marina,
Special
Tax
Bonds,
Green
Series
2023:
850
5.000%,
9/01/48
9/29
at
103.00
N/R
815,711
1,250
5.000%,
9/01/53
9/29
at
103.00
N/R
1,186,675
Anaheim
Public
Financing
Authority,
California,
Lease
Revenue
Bonds,
Public
Improvement
Project,
Series
1997C:
330
0.000%,
9/01/28
-
AGM
Insured
No
Opt.
Call
A1
274,692
240
0.000%,
9/01/30
-
AGM
Insured
No
Opt.
Call
A1
185,184
4,475
0.000%,
9/01/34
-
AGM
Insured
No
Opt.
Call
A1
2,910,406
1,985
0.000%,
9/01/35
-
AGM
Insured
No
Opt.
Call
AA
1,228,655
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
2,610,668
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
305,025
400
5.000%,
9/01/49
9/25
at
103.00
N/R
403,832
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
762,030
1,115
5.000%,
9/01/48
9/25
at
103.00
N/R
1,125,626
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
1,044,864
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
1,930,134
1,500
Brea
Redevelopment
Agency,
Orange
County,
California,
Tax
Allocation
Bonds,
Project
Area
AB,
Series
2003,
0.000%,
8/01/28
-
AMBAC
Insured
No
Opt.
Call
AA-
1,241,565
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
1,720,349
4,590
California
Community
College
Financing
Authority,
Lease
Revenue
Bonds,
Refunding
Series
2003,
0.000%,
6/01/33
-
AMBAC
Insured
No
Opt.
Call
AA+
3,017,053
700
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Bold
Program,
Series
2020A,
4.000%,
9/01/45
9/26
at
103.00
N/R
617,050
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
961,106
3,150
4.000%,
9/01/50
9/27
at
103.00
N/R
2,714,796
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Bold
Program,
Series
2021A:
1,095
4.000%,
9/01/46
9/28
at
103.00
N/R
944,810
1,505
4.000%,
9/01/51
9/28
at
103.00
N/R
1,266,021
4,000
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Bold
Program,
Series
2022C,
6.250%,
9/01/52
9/29
at
103.00
N/R
4,031,320
3,000
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Bold
Program,
Series
2022D,
6.125%,
9/01/52
9/29
at
103.00
N/R
3,089,010
1,000
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Community
Facilities
District
2020-06,
Series
2022B,
6.000%,
9/01/52
9/29
at
103.00
N/R
1,020,790
2,160
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Community
Facilities
District
2020-6,
County
of
Placer-PV400,
Series
2022,
5.250%,
9/01/52
9/29
at
103.00
N/R
2,184,084
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
66
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
365
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
$
371,015
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
1,003,050
2,000
5.125%,
9/01/42
9/23
at
100.00
N/R
2,002,860
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
2,029,760
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
2,552,925
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
3,046,440
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
5,324,340
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
542,496
1,300
4.000%,
9/01/50
9/30
at
100.00
N/R
1,108,263
1,200
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2018-02,
McSweeny,
Improvement
Area
1
Series
2023,
5.250%,
9/01/53
9/30
at
103.00
N/R
1,200,000
340
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2020-02
Improvement
Area
2
Atwell,
Series
2022,
5.250%,
9/01/52
9/32
at
100.00
N/R
340,068
2,000
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2021-01
Meadowlands,
Series
2021-01,
4.000%,
9/01/51
9/31
at
100.00
N/R
1,687,720
1,635
California
Statewide
Communities
Development
Authority,
Special
Tax
Bonds,
Community
Facilities
District
2022-07,
Improvement
Area
Number
1,
Watson
Ranch,
Series
2023,
5.000%,
9/01/53
9/30
at
103.00
N/R
1,559,234
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
3,587,712
1,120
5.000%,
9/02/40
9/25
at
100.00
N/R
1,132,387
490
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2011A,
8.000%,
9/02/41
6/23
at
100.00
N/R
469,626
2,275
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2014A,
5.000%,
9/02/43
7/23
at
100.00
N/R
2,275,705
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
2,071,103
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
2,261,997
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
1,736,593
3,310
5.000%,
9/02/46
9/26
at
100.00
N/R
3,344,888
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
486,293
67
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
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
$
379,714
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
3,594,624
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
3,801,961
920
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2018B,
5.000%,
9/02/48
9/28
at
100.00
N/R
933,036
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2019B:
1,150
5.000%,
9/02/44
9/29
at
100.00
N/R
1,149,137
3,370
5.000%,
9/02/49
9/29
at
100.00
N/R
3,326,224
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
737,187
2,310
5.000%,
9/02/49
9/29
at
100.00
N/R
2,335,803
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
727,524
805
5.000%,
9/02/50
9/30
at
100.00
N/R
813,895
975
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2021C,
4.000%,
9/02/51
9/31
at
100.00
N/R
815,042
California
Statewide
Communities
Development
Authority,
Statewide
Community
Infrastructure
Program
Revenue
Bonds,
Series
2022C:
1,500
5.125%,
9/02/42
9/32
at
100.00
N/R
1,464,990
2,000
5.375%,
9/02/52
9/32
at
100.00
N/R
1,959,080
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
4,216,850
1,085
Cathedral
City
Public
Financing
Authority,
California,
Tax
Allocation
Bonds,
Merged
Redevelopment
Project,
Series
2000A,
0.000%,
8/01/33
-
NPFG
Insured
No
Opt.
Call
Baa2
714,917
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
1,561,729
Chula
Vista,
California,
Special
Tax
Bonds,
Community
Facilities
District
16-I
Millenia
Improvement
Area
1,
Series
2018:
895
5.000%,
9/01/43
9/25
at
103.00
N/R
915,630
1,115
5.000%,
9/01/48
9/25
at
103.00
N/R
1,133,375
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
324,144
Compton
Public
Finance
Authority,
California,
Lease
Revenue
Bonds,
Refunding
&
Various
Capital
Projects,
Series
2008:
500
5.250%,
9/01/27
-
AMBAC
Insured
7/23
at
100.00
N/R
500,255
210
5.000%,
9/01/32
-
AMBAC
Insured
7/23
at
100.00
N/R
210,008
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
690,864
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
2,192,712
1,250
5.000%,
9/01/48
9/24
at
103.00
N/R
1,266,075
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
68
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
345
Corona,
California,
Special
Tax
Bonds,
Community
Facilities
District
2018-2
Sierra
Bella,
Series
2022A,
5.000%,
9/01/51
9/29
at
103.00
N/R
$
344,338
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
855,160
Dublin
Community
Facilities
District
2015-1
Dublin
Crossing,
California,
Special
Tax
Bonds,  Improvement
Area
4,
Series
2022:
1,000
5.500%,
9/01/47
9/29
at
103.00
N/R
1,031,460
1,000
5.500%,
9/01/51
9/29
at
103.00
N/R
1,026,720
Dublin
Community
Facilities
District
2015-1
Dublin
Crossing,
California,
Special
Tax
Bonds,
Improvement  Area
2,
Series
2019:
4,100
5.000%,
9/01/39
9/26
at
103.00
N/R
4,177,572
2,800
5.000%,
9/01/44
9/26
at
103.00
N/R
2,828,924
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
410,837
350
4.000%,
9/01/50
9/27
at
103.00
N/R
299,306
465
Eastern
Municipal
Water
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-72
Hidden
Hills,
Series
2020,
3.000%,
9/01/45
9/27
at
103.00
N/R
343,086
250
El
Dorado
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2005-2,
Series
2006,
5.100%,
9/01/36
9/23
at
100.00
N/R
250,657
Elsinore
Valley
Municipal
Water
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2020-1
Horsethief
Area
1A,
Series
2021A:
1,685
4.000%,
9/01/41,
144A
9/28
at
103.00
N/R
1,503,610
1,245
4.000%,
9/01/51,
144A
9/28
at
103.00
N/R
1,037,508
Elsinore
Valley
Municipal
Water
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2020-1
Horsethief
Improvement
Area
2A,
Series
2021A:
1,565
4.000%,
9/01/41,
144A
9/28
at
103.00
N/R
1,396,528
2,325
4.000%,
9/01/51,
144A
9/28
at
103.00
N/R
1,940,538
430
Fairfield,
California,
Special
Tax
Bonds,
Community
Facilities
District
2007-
1
Fairfield
Commons
Project,
Series
2008,
6.875%,
9/01/38
9/23
at
100.00
N/R
433,612
1,000
Folsom
Ranch
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Folsom
Community
Facilities
District
19
Mangini
Ranch,
Series
2019,
5.000%,
9/01/49
9/26
at
103.00
N/R
1,008,480
Folsom
Ranch
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Folsom
Community
Facilities
District
20
Russell
Ranch,
Series
2020:
1,250
5.125%,
9/01/47
9/29
at
103.00
N/R
1,260,587
1,300
5.125%,
9/01/52
9/29
at
103.00
N/R
1,302,639
Folsom
Ranch
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Folsom
Community
Facilities
District
23
Folsom
Ranch
Improvement
Area
1,
Series
2020:
2,150
4.000%,
9/01/45
9/27
at
103.00
N/R
1,876,692
1,145
4.000%,
9/01/50
9/27
at
103.00
N/R
967,090
4,000
Folsom
Ranch
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Folsom
Community
Facilities
District
23
Folsom
Ranch
Improvement
Area
1,
Series
2022,
5.000%,
9/01/52
9/29
at
103.00
N/R
3,935,600
1,515
Folsom
Ranch
Financing
Authority,
California,
Special
Tax
Revenue
Bonds,
Series
2022,
5.000%,
9/01/52
9/29
at
103.00
N/R
1,490,608
Folsom,
California,
Special
Tax
Bonds,
Community
Facilities
District
16
Islands
at
Parkshore
Improvement
Area
1,
Series
2018:
500
4.000%,
9/01/43
7/23
at
103.00
N/R
450,920
1,545
4.000%,
9/01/48
7/23
at
103.00
N/R
1,352,678
Fontana,
California,  Special
Tax
Bonds,
Community
Facilities
District
106,
Mountain
View,
Series
2022:
375
4.250%,
9/01/38
9/29
at
103.00
N/R
362,734
500
4.500%,
9/01/43
9/29
at
103.00
N/R
479,405
69
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
3,750
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Bonds,
Tender
Option
Bond
Trust
2015-
XF1038,
7.274%,
6/01/45,
144A,
(IF)
(4)
6/25
at
100.00
A+
$
4,367,550
4,040
Golden
State
Tobacco
Securitization
Corporation,
California,
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Series
2022A-1,
5.000%,
6/01/51
12/31
at
100.00
BBB+
4,210,165
464
HTA
Claas
6,
Puerto
Rico
Highway
and
Transportation
Authority
Highway
Revenue
Bonds,
Series
2022,
5.250%,
7/01/38
6/23
at
100.00
N/R
464,687
1,030
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
1,050,250
155
Indio
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merged
Area
Redevelopment
Project,
Subordinate
Lien
Refunding
Series
2008A,
5.250%,
8/15/28
7/23
at
100.00
A
155,374
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
503,950
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
3,406,972
1,220
Lake
Elsinore
Unified
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2004-2,
Series
2005,
5.350%,
9/01/35
9/23
at
100.00
N/R
1,224,331
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
868,960
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
722,048
1,000
4.000%,
9/01/47
9/24
at
103.00
N/R
874,550
475
Lake
Elsinore,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1
Summerly
Improvement
Area
KK,
Series
2021,
4.000%,
9/01/42
9/28
at
103.00
N/R
425,947
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
4,213,451
Lathrop,
California,
Special
Tax
Bonds,
Community
Facilities
District
2018-1
Central
Lathrop
Specific
Plan
Improvement
Areas
5,
Series
2019:
605
5.650%,
9/01/38
9/26
at
103.00
N/R
613,216
970
5.750%,
9/01/43
9/26
at
103.00
N/R
981,029
Lee
Lake
Public
Financing
Authority,
California,
Junior
Lien
Revenue
Bonds,
Series
2013B:
775
5.125%,
9/01/28
9/23
at
100.00
N/R
777,875
390
5.250%,
9/01/32
9/23
at
100.00
N/R
391,447
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
931,753
1,815
5.000%,
9/01/43
9/24
at
100.00
N/R
1,824,220
2,615
Los
Alamitos
Unified
School
District,
Orange
County,
California,
Certificates
of
Participation,
Series
2012,
6.050%,
8/01/42
8/29
at
100.00
Aa3
2,734,662
1,750
Los
Angeles
County
Community
Facilities
District
2021-01,
California,
Special
Tax
Bond,
Valencia-Facilities
Improvement
Area
1,
Series
2022,
5.000%,
9/01/47
9/29
at
103.00
N/R
1,757,788
1,590
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
1,493,567
8,660
Madera
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2021-1
Tesoro
Viejo
II
Improvement
Area
1,
Series
2022,
5.750%,
9/01/53
9/29
at
103.00
N/R
8,574,699
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
1,365,760
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
464,643
3,000
Matching
Fund
Special
Purpose
Securitization
Corporation,
Virgin
Islands,
Revenue
Bonds,
Series
2022A,
5.000%,
10/01/39
10/32
at
100.00
N/R
2,960,220
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
70
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
Menifee
Union
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2006-1,
Series
2014:
$
500
4.125%,
9/01/39
9/23
at
101.00
N/R
$
477,070
500
4.250%,
9/01/44
9/23
at
101.00
N/R
463,895
500
Menifee
Union
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2011-1,
Improvement
Area
6,
Series
2021,
4.000%,
9/01/50
9/28
at
103.00
N/R
432,265
Menifee
Union
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2011-1,
Improvement
Area
7,
Series
2021:
1,325
5.125%,
9/01/47
9/29
at
103.00
N/R
1,345,034
2,000
5.250%,
9/01/52
9/29
at
103.00
N/R
2,037,080
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
1,012,950
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
2,016,060
500
4.250%,
9/01/44
9/24
at
100.00
N/R
463,895
1,000
5.000%,
9/01/44
9/24
at
100.00
N/R
1,005,020
1,000
Menifee
Union
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilties
District
2016-1,
Improvement
Area
B,
Series
2022,
4.625%,
9/01/52
9/29
at
103.00
N/R
944,660
1,055
Merced
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Merced
Redevelopment
Project
2,
Series
2003A,
0.000%,
12/01/23
-
AMBAC
Insured
No
Opt.
Call
N/R
1,033,953
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
847,283
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
983,735
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
974,775
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
836,129
Northstar
Community
Services
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
1,
Refunding
Series
2005:
980
1.363%,
9/01/28
2005
1
(5)
9/23
at
100.00
N/R
392,192
2,927
1.388%,
9/01/36
2005
1
(5)
9/23
at
100.00
N/R
1,170,634
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
1,283,100
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
895,594
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
1,217,388
825
Ontario,
California,
Special
Tax
Bonds,
Community
Facilities
District
54
Esperanza
Facilities,
Series
2022,
4.500%,
9/01/52
9/29
at
103.00
N/R
759,998
845
Ontario,
California,
Special
Tax
Bonds,
Community
Facilities
District
55
Parklane
Facilities,
Series
2022,
5.000%,
9/01/53
9/29
at
103.00
N/R
849,352
4,000
Orange
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2021-1
Rienda,
Series
2022A,
5.000%,
8/15/52
8/29
at
103.00
N/R
4,033,160
Palm
Desert,
California,
Special
Tax
Bonds,
Community
Facilities
District
2021-1
University
Park,
Series
2021:
315
3.000%,
9/01/31
9/28
at
103.00
N/R
288,222
375
4.000%,
9/01/41
9/28
at
103.00
N/R
339,690
1,340
4.000%,
9/01/51
9/28
at
103.00
N/R
1,141,519
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
942,770
71
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
970
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
$
973,414
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
971,873
2,990
Pittsburg
Redevelopment
Agency,
California,
Tax
Allocation
Bonds,
Los
Medanos
Community
Development
Project,
Series
1999,
0.000%,
8/01/27
-
AMBAC
Insured
No
Opt.
Call
A+
2,559,590
3,000
Puerto
Rico
Highway
and
Transportation
Authority,
Restructured
Toll
Revenue
Bonds,
Series
2022C,
5.000%,
7/01/53
1/33
at
100.00
N/R
1,829,970
3,000
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1,
4.750%,
7/01/53
7/28
at
100.00
N/R
2,781,750
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
1,854,620
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2:
3,000
4.329%,
7/01/40
7/28
at
100.00
N/R
2,786,790
4,645
4.329%,
7/01/40
7/28
at
100.00
N/R
4,314,880
2,610
4.536%,
7/01/53
7/28
at
100.00
N/R
2,336,106
3,000
4.784%,
7/01/58
7/28
at
100.00
N/R
2,763,330
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
1,211,724
1,250
5.000%,
9/01/45
9/25
at
100.00
N/R
1,259,450
1,590
Rancho
Cordova,
California,
Special
Tax
Bonds,
Communities
Facilities
District
2014-1
Montelena,
Series
2022,
5.000%,
9/01/42
9/28
at
103.00
N/R
1,615,710
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
418,225
530
5.000%,
9/01/49
9/26
at
103.00
N/R
537,918
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
1,417,285
1,260
0.000%,
7/15/31
-
AMBAC
Insured
No
Opt.
Call
A
944,736
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
1,190,830
1,185
River
Islands
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2003-1
Improvement
Area
1,
Refunding
Series
2022A-1,
4.250%,
9/01/47
-
AGM
Insured
9/29
at
103.00
AA
1,190,202
River
Islands
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2003-1
Improvement
Area
1,
Subordinate
Series
2022B-2:
1,000
5.000%,
9/01/42
9/29
at
103.00
N/R
954,770
1,525
5.250%,
9/01/47
9/29
at
103.00
N/R
1,490,443
2,015
5.000%,
9/01/52
9/29
at
103.00
N/R
1,881,285
1,000
River
Islands
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
2019-1
Phase
2
Public
Improvements,
Series
2019,
4.000%,
9/01/46
9/26
at
103.00
N/R
811,870
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
A+
1,161,084
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
2,147,296
870
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
04-2
Lake
Hill
Crest,
Series
2012,
5.000%,
9/01/35
9/23
at
100.00
N/R
872,349
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
05-8
Scott
Road,
Series
2013:
660
5.000%,
9/01/32
7/23
at
100.00
N/R
660,654
3,410
5.000%,
9/01/42
7/23
at
100.00
N/R
3,411,159
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
72
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
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
$
1,017,920
535
5.000%,
9/01/45
9/27
at
100.00
N/R
542,752
415
Riverside
Unified
School
District,
Riverside
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
32,
Series
2020,
4.000%,
9/01/45
9/27
at
103.00
N/R
365,308
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
656,874
1,155
0.000%,
9/01/35
-
NPFG
Insured
No
Opt.
Call
Baa2
714,910
815
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
826,060
935
Rohnert
Park
Community
Development
Agency,
California,
Tax
Allocation
Bonds,
Series
1999,
0.000%,
8/01/33
No
Opt.
Call
Baa2
643,056
2,635
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
2,637,240
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
831,874
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Hewlett
Parkard
Campus
Oaks,
Series
2016:
845
5.000%,
9/01/36
9/26
at
100.00
N/R
869,074
2,360
5.500%,
9/01/46
9/26
at
100.00
N/R
2,420,015
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
434,370
1,300
4.000%,
9/01/50
9/27
at
103.00
N/R
1,120,392
625
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Villages
at
Sierra
Vista,
Series
2022,
4.500%,
9/01/52
9/29
at
103.00
N/R
573,962
1,100
Roseville,
California,
Special
Tax
Bonds,
Community
Facilities
District
1
Westbrook,
Series
2014,
5.000%,
9/01/34
9/24
at
100.00
N/R
1,111,561
2,050
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
2,074,969
Roseville,
California,
Special
Tax
Bonds,
SVSP
Westpark-
Federico
Community
Facilities
District
1,
Series
2019:
500
5.000%,
9/01/44
9/26
at
103.00
N/R
510,850
700
5.000%,
9/01/49
9/26
at
103.00
N/R
711,214
2,755
Roseville,
California,
Special
Tax
Bonds,
SVSP
Westpark-Federico
Community
Facilities
District
1,
Series
2022,
5.000%,
9/01/52
9/29
at
103.00
N/R
2,759,628
230
Sabal
Palm
Community
Development
District,
Florida,
Special
Assessment
Bonds,
Series
2016,
5.500%,
11/01/46
11/26
at
100.00
N/R
230,644
1,510
Sacramento
City
Financing
Authority
California,
Lease
Revenue
Bonds,
Master
Lease
Program
Facilities
Projects,
Tender
Option
Bond
Trust
2016-XG0100,
9.017%,
12/01/33
-
AMBAC
Insured,
144A,
(IF)
(4)
No
Opt.
Call
AA-
2,638,287
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
3,123,667
4,435
0.000%,
12/01/32
-
FGIC
Insured
No
Opt.
Call
Baa2
3,083,168
275
Sacramento,
California,
Special
Tax
Bonds,
Community
Facilities
District
05-1
College
Square,
Series
2007,
5.900%,
9/01/37
9/23
at
100.00
N/R
276,182
1,600
Sacramento,
California,
Special
Tax
Bonds,
Community
Facilities
District
2018-01
Railyards,
Improvements
Series
2022,
5.375%,
9/01/52,
144A
9/29
at
103.00
N/R
1,613,648
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
732,109
1,900
5.000%,
9/01/47,
144A
9/24
at
103.00
N/R
1,926,068
428
Saint
Louis,
Missouri,
Tax
Increment
Financing
Revenue
Bonds,
Grace
Lofts
Redevelopment
Projects,
Series
2007A,
2.700%,
12/31/26
(5)
No
Opt.
Call
N/R
29,960
1,485
San
Bernardino
Community
Facilities
District
Number
2020-1,
California,
Special
Tax
Bonds,
Series
2022,
4.500%,
9/01/52
9/29
at
103.00
N/R
1,355,270
73
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Tax
Obligation/Limited
(continued)
$
375
San
Bernardino
County
Financing
Authority,
California,
Revenue
Bonds,
Courthouse
Facilities
Project,
Series
2007,
5.500%,
6/01/37
-
NPFG
Insured
No
Opt.
Call
Baa2
$
380,228
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
555,725
5,750
San
Diego
Public
Facilities
Financing
Authority,
California,
Lease
Revenue
Bonds,
Capital
Improvement
Projects,
Series
2021A,
4.000%,
10/15/50,
(UB)
(4)
10/30
at
100.00
AA-
5,546,910
1,500
San
Francisco
City
and
County
Infrastructure
and
Revitalization
Financing
District
1
Treasure
Island,
California,
Tax
Increment
Revenue
Bonds,
Housing
Increment
Series
2022B,
5.000%,
9/01/52,
144A
9/32
at
100.00
N/R
1,404,615
865
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
871,392
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-
1,278,325
12,610
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
7/23
at
37.10
N/R
4,716,771
11,755
San
Francisco
City
and
County,
California,
Certificates
of
Participation,
49
South
Van
Ness
Avenue
Project,
Green
Series
2019A,
4.000%,
4/01/45,
(UB)
(4)
4/27
at
100.00
AA
11,605,359
San
Francisco
City
and
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2014-1
Transbay
Transit
Center,
Green
Series
2022A:
1,000
5.000%,
9/01/42,
(UB)
(4)
9/32
at
100.00
AA+
1,069,460
1,735
5.000%,
9/01/47,
(UB)
(4)
9/32
at
100.00
AA+
1,836,463
1,150
5.000%,
9/01/52,
(UB)
(4)
9/32
at
100.00
AA+
1,205,798
San
Francisco
City
and
County,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-1
Treasure
Island
Improvement
Area
1,
Series
2020:
1,550
4.000%,
9/01/42
9/27
at
103.00
N/R
1,393,543
4,350
4.000%,
9/01/50
9/27
at
103.00
N/R
3,714,161
1,000
San
Jacinto
Unified
School
District,
California,
Community
Facilities
District
2003-1
Infrastructure
Projects,
Series
2016,
3.375%,
9/01/46
9/23
at
103.00
N/R
780,870
Santa
Ana
Financing
Authority,
California,
Lease
Revenue
Bonds,
Police
Administration
and
Housing
Facility,
Series
1994A:
110
6.250%,
7/01/24
No
Opt.
Call
Baa2
111,843
5,000
Stockton,
California,
Special
Tax
Revenue
Bonds,
Community
Facilities
District
19-1,
Cannery
Park
II,
Series
2022,
5.000%,
9/01/52
9/29
at
103.00
N/R
4,889,800
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
1,358,363
5,400
Sulphur
Springs
Union
School
District,
California,
Special
Tax
Bonds,
Community
Facilities
District
2014-1,
Series
2022,
4.500%,
9/01/52
9/29
at
103.00
N/R
4,966,758
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
7/23
at
100.00
N/R
4,004,200
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
2,020,640
3,250
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
2,827,338
1,045
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
1,098,065
1,750
Temecula
Public
Financing
Authority,
California,
Special
Tax
Bonds,
Community
Facilities
District
16-01,
Series
2023A,
5.000%,
9/01/49
9/29
at
103.00
N/R
1,752,468
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
74
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
9/23
at
101.00
N/R
$
371,116
1,285
Tracy,
California,
Special
Tax
Bonds,
Community
Facilities
District
2016-1
Tracy
Hills,  Improvement
Area
1,
Series
2019,
5.000%,
9/01/44
9/25
at
103.00
N/R
1,301,744
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
700,735
1,000
Virgin
Islands
Public
Finance
Authority,
Gross
Receipts
Taxes
Loan
Note,
Refunding
Series
2014C,
5.000%,
10/01/39,
144A
10/24
at
100.00
N/R
807,070
10,100
West
Contra
Costa
Unified
School
District,
Contra
Costa
County,
California,
General
Obligation
Bonds,
Election
2012,
Series
2015B,
4.000%,
8/01/54,
(UB)
(4)
8/25
at
100.00
A1
9,621,563
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
359,380
785
5.250%,
9/01/45
9/25
at
100.00
N/R
795,409
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
2,843,821
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
7,857,543
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
1,458,308
1,860
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
1,651,159
290
Yorkville
United
City
Business
District,
Illinois,
Storm
Water
and
Water
Improvement
Project
Revenue
Bonds,
Series
2007,
4.800%,
1/01/27
(5)
6/23
at
100.00
N/R
124,700
Total
Tax
Obligation/Limited
391,874,501
Transportation
-
9.4%
Alameda
Corridor
Transportation
Authority,
California,
Revenue
Bonds,
Refunding
Second
Subordinate
Lien
Series
2022C:
9,400
5.400%,
10/01/49
-
AGM
Insured,
(UB)
(4)
10/37
at
100.00
BBB
4,752,828
34,890
5.450%,
10/01/52
-
AGM
Insured,
(UB)
(4)
10/37
at
100.00
BBB
17,458,956
7,410
Alameda
Corridor
Transportation
Authority,
California,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2022A,
0.000%,
10/01/51
-
AGM
Insured,
(UB)
(4),(7)
10/37
at
100.00
A
3,718,338
Alameda
Corridor
Transportation
Authority,
California,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2022B:
4,000
5.300%,
10/01/47,
(UB)
(4)
10/37
at
100.00
A-
2,019,160
8,405
5.350%,
10/01/48,
(UB)
(4)
10/37
at
100.00
A-
4,229,984
5,185
5.375%,
10/01/49,
(UB)
(4)
10/37
at
100.00
A-
2,602,870
7,080
5.400%,
10/01/50,
(UB)
(4)
10/37
at
100.00
A-
3,541,487
4,000
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
BB-
3,898,360
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
9,657,500
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
1/01/26),
144A
7/23
at
102.00
N/R
4,775,000
10,845
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
10,279,976
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+
2,881,950
1,775
5.000%,
1/15/42
-
AGM
Insured
1/24
at
100.00
BBB+
1,785,029
75
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Transportation
(continued)
$
2,500
Foothill/Eastern
Transportation
Corridor
Agency,
California,
Toll
Road
Revenue
Bonds,
Refunding
Term
Rate
Sub-Series
2013B-1,
3.950%,
1/15/53
-
AGM
Insured
7/27
at
100.00
A1
$
2,319,000
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
453,487
90
6.125%,
10/01/43
-
AGM
Insured,
(AMT)
10/23
at
100.00
Baa2
90,661
Guam
Port
Authority,
Port
Revenue
Bonds,
Private
Activity
Series
2018B:
250
5.000%,
7/01/36,
(AMT)
7/28
at
100.00
Baa2
261,237
400
5.000%,
7/01/37,
(AMT)
7/28
at
100.00
Baa2
415,616
3,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
Subordinate
Series
2022G,
4.000%,
5/15/47,
(AMT)
11/31
at
100.00
AA
2,802,960
10,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2018C,
5.000%,
5/15/44,
(AMT),
(UB)
(4)
11/27
at
100.00
AA-
10,274,500
5,000
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Subordinate
Series
2021B,
5.000%,
7/01/56,
(AMT),
(UB)
(4)
7/31
at
100.00
A2
5,120,300
5,165
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2018D,
5.000%,
5/01/48,
(AMT),
(UB)
(4)
5/28
at
100.00
A+
5,261,379
4,500
San
Francisco
Airports
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Second
Series
2019A,
4.000%,
5/01/49,
(AMT),
(UB)
(4)
5/29
at
100.00
A+
4,125,600
200
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
203,370
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
36,950
6,650
San
Jose,
California,
Airport
Revenue
Bonds,
Refunding
Series
2017A,
4.000%,
3/01/42
-
BAM
Insured,
(AMT),
(UB)
(4)
3/27
at
100.00
A2
6,248,008
1,200
West
Indian
Company
Limited,
Virgin
Islands,
Port
Facilities
Revenue
Bonds,
WICO
Financing,
Series
2022B,
6.500%,
4/01/52,
(AMT),
144A
10/29
at
104.00
N/R
1,164,876
Total
Transportation
110,379,382
U.S.
Guaranteed
-
0.7%
(8)
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
1,544,842
1,955
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
1,985,791
250
California
Municipal
Finance
Authority,
Revenue
Bonds,
Touro
College
and
University
System,
Series
2014A,
5.250%,
1/01/40,
(Pre-refunded
7/01/24)
7/24
at
100.00
N/R
255,377
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
41,544
California
School
Finance
Authority,
Educational
Facility
Revenue
Bonds,
Partnerships
to
Uplift
Communities
Valley
Project,
Series
2014:
1,605
6.400%,
8/01/34,
(Pre-refunded
2/01/24),
144A
2/24
at
100.00
BB+
1,631,483
2,040
6.750%,
8/01/44,
(Pre-refunded
2/01/24),
144A
2/24
at
100.00
BB+
2,077,597
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
297,286
410
6.125%,
10/01/43,
(Pre-refunded
10/01/23)
-
AGM
Insured,
(AMT)
10/23
at
100.00
Baa2
413,010
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
76
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
U.S.
Guaranteed
(8)
(continued)
Santa
Ana
Financing
Authority,
California,
Lease
Revenue
Bonds,
Police
Administration
and
Housing
Facility,
Series
1994A:
$
110
6.250%,
7/01/24,
(ETM)
No
Opt.
Call
Baa2
$
111,807
Total
U.S.
Guaranteed
8,358,737
Utilities
-
7.3%
9,375
California
Community
Choice
Financing
Authority,
Clean
Energy
Project
Revenue
Bonds,
Green
Series
2023C,
5.250%,
1/01/54,
(Mandatory
Put
10/01/31)
10/30
at
100.65
Baa1
9,805,875
1,100
California
Pollution
Control
Financing
Authority
Water
Furnishing
Revenue
Bonds
(Poseidon
Resources
(Channelside)
LP
Desalination
Project),
Series
2023
(AMT),
5.000%,
11/21/45,
(AMT),
144A
7/33
at
100.00
Baa3
1,122,660
500
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2016,
5.000%,
1/01/46
7/26
at
100.00
Baa2
504,600
25
Long
Beach
Bond
Finance
Authority,
California,
Natural
Gas
Purchase
Revenue
Bonds,
Series
2007A,
5.500%,
11/15/28
No
Opt.
Call
A-
26,518
7,775
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2022A,
5.000%,
7/01/51,
(UB)
(4)
7/31
at
100.00
N/R
8,451,192
5,000
Los
Angeles
Department
of
Water
and
Power,
California,
Power
System
Revenue
Bonds,
Series
2022B,
5.000%,
7/01/47,
(UB)
(4)
7/32
at
100.00
AA-
5,502,000
50
M-S-R
Energy
Authority,
California,
Gas
Revenue
Bonds,
Citigroup
Prepay
Contracts,
Series
2009A,
6.500%,
11/01/39
No
Opt.
Call
BBB+
58,107
420
Pico
Rivera
Water
Authority,
California,
Revenue
Bonds,
Refunding
Water
System
Project,
Series
1999A,
5.500%,
5/01/29
-
NPFG
Insured
No
Opt.
Call
Baa2
446,515
500
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Forward
Delivery
Series
2022A,
4.000%,
7/01/47,
144A
7/32
at
100.00
N/R
413,920
3,000
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A,
5.000%,
7/01/47,
144A
7/30
at
100.00
N/R
2,890,080
5
Puerto
Rico
Aqueduct
and
Sewerage
Authority,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2021B,
5.000%,
7/01/37,
144A
7/31
at
100.00
N/R
4,965
8,000
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Federally
Taxable
Build
America
Bonds,
Series
2010YY,
4.050%,
7/01/40
(5)
7/23
at
100.00
D
5,440,000
25
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Refunding
Series
2005SS,
3.926%,
7/01/30
(5)
7/23
at
100.00
D
17,750
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Refunding
Series
2010DDD:
1,000
3.375%,
7/01/21
(5)
7/20
at
100.00
D
702,500
1,030
3.844%,
7/01/21
(5)
7/20
at
100.00
D
708,125
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Refunding
Series
2012A:
1,415
3.941%,
7/01/29
(5)
7/23
at
100.00
D
1,004,650
5,385
3.957%,
7/01/42
(5)
7/23
at
100.00
D
3,863,738
2,925
3.961%,
7/01/42
(5)
7/23
at
100.00
D
2,098,687
85
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2003NN,
3.999%,
7/01/20
(5)
No
Opt.
Call
D
59,713
1,950
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2007TT,
3.957%,
7/01/32
(5)
7/23
at
100.00
D
1,399,125
1,140
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2007VV,
5.250%,
7/01/34
-
NPFG
Insured
No
Opt.
Call
D
1,126,582
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2010AAA:
500
3.978%,
7/01/24
(5)
7/23
at
100.00
D
357,500
275
3.978%,
7/01/25
(5)
7/23
at
100.00
D
196,625
3,000
3.978%,
7/01/27
(5)
7/23
at
100.00
D
2,152,500
1,020
3.978%,
7/01/31
(5)
7/23
at
100.00
D
731,850
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2010CCC:
135
3.957%,
7/01/24
(5)
7/23
at
100.00
D
96,525
200
3.941%,
7/01/27
(5)
7/23
at
100.00
D
142,000
2,000
3.990%,
7/01/28
(5)
7/23
at
100.00
D
1,360,000
77
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.
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)
7/23
at
100.00
D
$
1,024,144
95
3.978%,
7/01/26
(5)
7/23
at
100.00
D
67,925
1,000
3.978%,
7/01/35
(5)
7/23
at
100.00
D
717,500
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2010ZZ:
165
3.957%,
7/01/21
(5)
7/20
at
100.00
D
115,913
1,695
3.957%,
7/01/23
(5)
No
Opt.
Call
N/R
1,190,737
1,000
3.978%,
7/01/26
(5)
7/23
at
100.00
D
715,000
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
2013A:
220
4.143%,
7/01/30
(5)
7/23
at
100.00
D
160,050
4,430
4.102%,
7/01/36
(5)
7/23
at
100.00
D
3,217,287
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Series
WW:
915
3.988%,
7/01/24
(5)
7/23
at
100.00
D
654,225
1,000
3.978%,
7/01/33
(5)
7/23
at
100.00
D
717,500
295
3.999%,
7/01/38
(5)
7/23
at
100.00
D
212,031
2,380
Puerto
Rico
Electric
Power
Authority,
Power
Revenue
Bonds,
Taxable
Build
America
Bond
Series
2010EE,
4.036%,
7/01/30
(5)
7/23
at
100.00
D
1,618,400
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
1,283,112
1,500
5.000%,
8/01/42
8/28
at
100.00
N/R
1,533,465
Southern
California
Public
Power
Authority,
Natural
Gas
Project
1
Revenue
Bonds,
Series
2007A:
1,000
5.000%,
11/01/29
No
Opt.
Call
BBB+
1,055,220
220
5.000%,
11/01/33
No
Opt.
Call
BBB+
236,183
2,190
Virgin
Islands
Water
and
Power
Authority,
Electric
System
Revenue
Bonds,
Bond
Anticipation
Notes,
Taxable
Series
2022A,
7.750%,
7/01/24
No
Opt.
Call
N/R
2,141,360
150
Virgin
Islands
Water
and
Power
Authority,
Electric
System
Revenue
Bonds,
Bond
Anticipation
Notes,
Taxable
Series
2022B,
10.000%,
7/01/24
No
Opt.
Call
N/R
148,473
West
County
Facilities
Financing
Authority,
California,
Wastewater
Revenue
Bonds,
Green
Series
2021:
5,020
4.000%,
6/01/46,
(UB)
(4)
6/31
at
100.00
AA-
4,899,871
13,245
4.000%,
6/01/51,
(UB)
(4)
6/31
at
100.00
AA-
12,752,286
Total
Utilities
85,144,984
Total
Municipal
Bonds
(cost
$1,111,202,748)
1,414,442,289
Total
Long-Term
Investments
(cost
$1,111,202,748)
1,414,442,289
Floating
Rate
Obligations
-
(25.3)%  
(
296,017,000
)
Other
Assets
&
Liabilities,
Net
-
4.4%(9)
51,785,564
Net
Assets
-
100%
$
1,170,210,853
Futures
Contracts
-
Short
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
U.S.
Treasury
10-Year
Note
(407)
9/23
$
(
46,257,269
)
$
(
46,588,781
)
$
(
331,512
)
U.S.
Treasury
5-Year
Note
(345)
9/23
(
37,480,353
)
(
37,631,953
)
(
151,600
)
Total
$(83,737,622)
$(84,220,734)
$(483,112)
Nuveen
California
High
Yield
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
May
31,
2023
(Unaudited)
78
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
$
–
$
1,414,163,768
$
278,521
$
1,414,442,289
Investments
in
Derivatives:
Futures
Contracts*
(483,112)
–
–
(483,112)
Total
$
(483,112)
$
1,414,163,768
$
278,521
$
1,413,959,177
*
Represents
net
unrealized
appreciation
(depreciation)
as
reported
in
Fund's
Portfolio
of
Investments.
(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)
The
ratings
disclosed
are
the
lowest
of
Standard
&
Poor’s
Group
(“Standard
&
Poor’s”),
Moody’s
Investors
Service,
Inc.
(“Moody’s”)
or
Fitch,
Inc.
(“Fitch”)
rating.
Ratings
below
BBB
by
Standard
&
Poor’s,
Baa
by
Moody’s
or
BBB
by
Fitch
are
considered
to
be
below
investment
grade.
Holdings
designated
N/R
are
not
rated
by
any
of
these
national
rating
agencies.
(4)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
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)
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)
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
IF
Inverse
floating
rate
security
issued
by
a
tender
option
bond
(“TOB”)
trust,
the
interest
rate
on
which
varies
inversely
with
the
Securities
Industry
Financial
Markets
Association
(SIFMA)
short-term
rate,
which
resets
weekly,
or
a
similar
short-term
rate,
and
is
reduced
by
the
expenses
related
to
the
TOB
trust.
UB
Underlying
bond
of
an
inverse
floating
rate
trust
reflected
as
a
financing
transaction.
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.