Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 137.3% (100.0% of Total Investments) | ||||||
MUNICIPAL BONDS – 137.2% (99.9% of Total Investments) | ||||||
Alabama – 2.6% (1.9% of Total Investments) | ||||||
$3,000 | Hoover Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds, United States Steel Corporation Proejcet, Green Series 2020, 6.375%, 11/01/50 (AMT) (Mandatory Put 11/01/30) | No Opt. Call | Caa2 | $3,645,990 | ||
Huntsville Healthcare Authority, Alabama, Revenue Bonds, Series 2020B: | ||||||
1,500 | 3.000%, 3/23/21 – AGM Insured | 6/30 at 100.00 | A1 | 1,621,365 | ||
11,920 | 3.000%, 6/01/50 – AGM Insured (UB) (4) | 6/30 at 100.00 | A1 | 12,884,447 | ||
5,000 | Mobile County, Alabama, Limited Obligation Warrants, Gomesa Projects, Series 2020, 4.000%, 11/01/45, 144A | 11/29 at 100.00 | N/R | 5,209,750 | ||
21,420 | Total Alabama | 23,361,552 | ||||
Alaska – 0.1% (0.1% of Total Investments) | ||||||
1,000 | Alaska Municipal Bond Bank, General Obligation Bonds, Refunding One Series 2020, 5.000%, 12/01/30 | No Opt. Call | A+ | 1,341,880 | ||
Arizona – 7.3% (5.3% of Total Investments) | ||||||
Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Mater Academy of Nevada - Bonanza Campus Project, Series 2020A: | ||||||
920 | 5.000%, 12/15/40, 144A | 12/28 at 100.00 | BB | 1,040,520 | ||
1,500 | 5.000%, 12/15/50, 144A | 12/28 at 100.00 | BB | 1,668,810 | ||
1,500 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Social Bonds ? Pensar Academy Project, Series 2020, 5.000%, 7/01/55, 144A | 7/28 at 100.00 | BB- | 1,578,645 | ||
Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A: | ||||||
2,500 | 4.000%, 9/01/46 | 9/30 at 100.00 | A1 | 2,878,350 | ||
2,500 | 3.000%, 9/01/50 | 9/30 at 100.00 | A1 | 2,597,700 | ||
6,035 | Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A, 3.000%, 2/01/45 (UB) (4) | 2/30 at 100.00 | A | 6,436,207 | ||
1,090 | Coconino County Industrial Development Authority, Arizona, Education Revenue Bonds, Flagstaff Arts & Leadership Academy Project, Refunding Series 2020, 5.500%, 7/01/40, 144A | 7/28 at 100.00 | N/R | 1,132,259 | ||
1,000 | Maricopa County Industrial Development Authority, Arizona, Educational Facilities Revenue Bonds, Ottawa University Projects, Series 2020, 5.250%, 10/01/40, 144A | 10/27 at 103.00 | N/R | 1,069,520 | ||
15,000 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019E, 3.000%, 1/01/49 (UB) (4) | 7/30 at 100.00 | AA- | 16,285,650 | ||
Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A: | ||||||
5,895 | 5.000%, 7/01/34 | 7/29 at 100.00 | BBB+ | 7,181,642 | ||
2,500 | 5.000%, 7/01/39 | 7/29 at 100.00 | BBB+ | 3,004,725 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments January 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
$3,405 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Northwest Christian School Project, Series 2020A, 5.000%, 9/01/55, 144A | 9/30 at 100.00 | Ba2 | $3,696,264 | ||
Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Refunding Series 2020: | ||||||
5,265 | 5.000%, 7/01/35, 144A | 7/26 at 103.00 | N/R | 5,705,049 | ||
6,800 | 5.000%, 7/01/40, 144A | 7/26 at 103.00 | N/R | 7,264,984 | ||
4,580 | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Synergy Public Charter School Project, Series 2020-1, 5.000%, 6/15/50, 144A | 6/28 at 100.00 | N/R | 4,771,627 | ||
60,490 | Total Arizona | 66,311,952 | ||||
Arkansas – 2.5% (1.8% of Total Investments) | ||||||
3,000 | Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2019, 4.500%, 9/01/49 (AMT), 144A | 9/26 at 103.00 | B- | 3,296,010 | ||
17,000 | Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2020A, 4.750%, 9/01/49 (AMT), 144A | 9/27 at 103.00 | B- | 19,120,580 | ||
20,000 | Total Arkansas | 22,416,590 | ||||
California – 18.3% (13.3% of Total Investments) | ||||||
9,000 | California Community Housing Agency, California, Essential Housing Revenue Bonds, Serenity at Larkspur Apartments, Series 2020A, 5.000%, 2/01/50, 144A | 2/30 at 100.00 | N/R | 10,612,170 | ||
10,000 | California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma County Tobacco Securitization Corporation, Series 2020B-2, 0.000%, 6/01/55 | 12/30 at 34.02 | N/R | 2,418,600 | ||
California Health Facilities Financing Authority, Revenue Bonds, CommonSpirit Health, Series 2020A: | ||||||
5,000 | 4.000%, 4/01/44 (UB) (4) | 4/30 at 100.00 | BBB+ | 5,821,050 | ||
8,000 | 4.000%, 4/01/45 (UB) (4) | 4/30 at 100.00 | BBB+ | 9,314,400 | ||
1,820 | 4.000%, 4/01/49 | 4/30 at 100.00 | BBB+ | 2,113,238 | ||
4,010 | 4.000%, 4/01/49 (UB) (4) | 4/30 at 100.00 | BBB+ | 4,656,091 | ||
California Health Facilities Financing Authority, Revenue Bonds, PIH Health, Series 2020A: | ||||||
7,020 | 3.000%, 6/01/47 | 6/30 at 100.00 | A | 7,427,090 | ||
6,120 | 4.000%, 6/01/50 | 6/30 at 100.00 | A | 7,160,951 | ||
California Infrastructure and Economic Development Bank Infrastructure State, Revolving Fund Revenue Bonds, Tax Series 2020A: | ||||||
2,125 | 2.716%, 10/01/40 | 10/30 at 100.00 | AAA | 2,198,823 | ||
1,250 | 2.786%, 10/01/43 | 10/30 at 100.00 | AAA | 1,290,863 | ||
California Infrastructure and Economic Development Bank, Revenue Bonds, Los Angeles County Museum of Natural History Foundation, Series 2020: | ||||||
15,500 | 3.000%, 7/01/50 (UB) (4) | 7/30 at 100.00 | A2 | 16,126,975 | ||
2,000 | 4.000%, 7/01/50 | 7/30 at 100.00 | A2 | 2,296,400 | ||
2,000 | California Municipal Finance Authority, Revenue Bonds, University of the Pacific, Refunding Series 2020A, 3.000%, 11/01/48 | 11/30 at 100.00 | A2 | 2,045,260 | ||
5,000 | 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 | B+ | 5,649,550 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$5,000 | 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 | $5,288,600 | ||
2,000 | 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 | 2,026,800 | ||
2,000 | California State, General Obligation Bonds, Refunding Various Purpose Series 2020, 3.000%, 11/01/35 | 11/30 at 100.00 | AA- | 2,310,020 | ||
2,785 | California State, General Obligation Bonds, Various Purpose Series 2020, 4.000%, 11/01/34 | 11/30 at 100.00 | AA- | 3,520,686 | ||
9,750 | 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- | 10,916,392 | ||
6,180 | 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 | 7,296,911 | ||
910 | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Parallel-Anaheim Series 2021A, 4.000%, 8/01/56, 144A (WI/DD, Settling 2/09/21) | 8/31 at 100.00 | N/R | 1,008,562 | ||
1,000 | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Renaissance at City Center, Series 2020A, 5.000%, 7/01/51, 144A | 7/31 at 100.00 | N/R | 1,193,520 | ||
Fairfield, California, Certificates of Participation, Fairfield Water Financing Series 2007A: | ||||||
1,915 | 0.000%, 4/01/36 – SYNCORA GTY Insured | No Opt. Call | AA- | 1,452,700 | ||
2,990 | 0.000%, 4/01/37 – SYNCORA GTY Insured | No Opt. Call | AA- | 2,211,374 | ||
6,650 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1, 5.000%, 6/01/47 | 6/22 at 100.00 | N/R | 6,922,982 | ||
6,300 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-2, 5.000%, 6/01/47 | 6/22 at 100.00 | N/R | 6,558,615 | ||
3,250 | Hartnell Community College District, Monterey County, California, General Obligation Bonds, Election 2016 Series 2020B, 3.000%, 8/01/48 | 8/28 at 100.00 | Aa2 | 3,489,492 | ||
4,250 | Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2020B, 5.000%, 7/01/45 | 7/30 at 100.00 | AA- | 5,598,397 | ||
1,960 | Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2020C, 5.000%, 7/01/40 | 7/30 at 100.00 | Aa2 | 2,630,888 | ||
1,000 | Northstar Community Services District, Special Tax Bonds, Community Facilities District 1, Series 2006, 5.000%, 9/01/37 | 3/21 at 100.00 | N/R | 620,000 | ||
1,575 | Palomar Community College District, San Diego County, California, General Obligation Bonds, Series 2010B, 6.375%, 8/01/45 | 8/40 at 100.00 | AA | 1,826,528 | ||
4,040 | San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, Local Water Series 2020C, 4.000%, 11/01/50 | 11/30 at 100.00 | AA- | 4,919,589 | ||
San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, WSIP Green Series 2020A: | ||||||
1,490 | 5.000%, 11/01/45 | 11/30 at 100.00 | AA- | 1,980,255 | ||
3,135 | 4.000%, 11/01/50 | 11/30 at 100.00 | AA- | 3,817,552 | ||
750 | San Francisco Community College District, California, General Obligation Bonds, Taxable Election 2020 Series 2020A-1, 3.165%, 6/15/41 | 6/30 at 100.00 | A+ | 801,458 | ||
4,645 | Santa Clara Valley Water District Water System Refunding Revenue Bonds, Taxable Series 2020B, 2.967%, 6/01/50 | 6/30 at 100.00 | Aa1 | 4,700,090 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments January 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
Santa Clara Valley Water District, California, Revenue Certificates of Participation, Water Utility System Improvement Projects, Seires 2020C: | ||||||
$1,270 | 5.000%, 6/01/39 | 6/30 at 100.00 | Aa1 | $1,689,506 | ||
855 | 5.000%, 6/01/41 | 6/30 at 100.00 | Aa1 | 1,132,131 | ||
Santa Clara Valley Water District, California, Water System Revenue Bonds, Refunding Series 2020A: | ||||||
1,445 | 5.000%, 6/01/45 | 6/30 at 100.00 | Aa1 | 1,889,627 | ||
1,325 | 5.000%, 6/01/50 | 6/30 at 100.00 | Aa1 | 1,724,276 | ||
157,315 | Total California | 166,658,412 | ||||
Colorado – 11.2% (8.1% of Total Investments) | ||||||
2,370 | 64th Avenue ARI Authority, Adams County, Colorado, Special Revenue Bonds, Series 2020, 6.500%, 12/01/43 | 12/25 at 103.00 | N/R | 2,545,878 | ||
1,240 | Arista Metropolitan District, Broomfield County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Convertible to Unlimited Tax Series 2018A, 5.000%, 12/01/38 | 12/23 at 103.00 | N/R | 1,332,628 | ||
1,060 | Aurora Crossroads Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Series 2020A, 5.000%, 12/01/50 | 9/25 at 103.00 | N/R | 1,128,105 | ||
2,285 | Aurora Crossroads Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Subordinate Series 2020B, 7.750%, 12/15/50 | 9/25 at 103.00 | N/R | 2,399,638 | ||
500 | Aviation Station North Metropolitan District 2, Denver County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2019A, 4.000%, 12/01/29 | 9/24 at 103.00 | N/R | 528,040 | ||
1,725 | Belford North Metropolitan District, Douglas County, Colorado, General Obligation Limited Tax Bonds, Series 2020A, 5.500%, 12/01/50 | 12/25 at 103.00 | N/R | 1,825,550 | ||
1,000 | Bennett Ranch Metropolitan District 1, Adams County, Colorado, General Obligation Limited Tax Bonds, Convertible to Unlimited Tax Series 2021A, 5.000%, 12/01/51 | 3/26 at 103.00 | N/R | 1,026,020 | ||
745 | Blue Lake Metropolitan District 3, Lochbuie, Weld County, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Series 2018A, 5.250%, 12/01/48 | 12/23 at 103.00 | N/R | 759,550 | ||
500 | Broadway Park North Metropolitan District 2, Denver, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2020, 5.000%, 12/01/40, 144A | 12/25 at 103.00 | N/R | 543,385 | ||
500 | Castle Pines Commercial Metropolitan District 1, Castle Rock, Colorado, Limited Tax Supported Revenue Bonds, Series 2015, 5.000%, 12/01/39 | 3/21 at 100.00 | N/R | 500,300 | ||
500 | Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/22, 144A | No Opt. Call | N/R | 523,220 | ||
2,755 | Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2020A, 5.000%, 12/01/51 | 12/25 at 103.00 | N/R | 2,965,868 | ||
1,450 | Citadel on Colfax Business Improvement District, Aurora, Colorado, Special Revenue and Tax Supported Bonds, Senior Series 2020A, 5.350%, 12/01/50 | 12/25 at 103.00 | N/R | 1,509,131 | ||
2,700 | Colorado Bridge Enterprise, Revenue Bonds, Central 70 Project, Senior Series 2017, 4.000%, 6/30/51 (AMT) | 12/27 at 100.00 | A- | 2,962,899 | ||
1,000 | Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Global Village Academy - Northglenn Project, Series 2020, 5.000%, 12/01/55, 144A | 12/30 at 100.00 | N/R | 1,066,320 | ||
5,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 4.000%, 8/01/44 | 8/29 at 100.00 | BBB+ | 5,726,900 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$16,000 | Colorado International Center Metropolitan District 8, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020, 6.500%, 12/01/50 | 9/25 at 103.00 | N/R | $16,881,120 | ||
6,500 | Crystal Valley Metropolitan District 2, Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2020A, 3.000%, 12/01/49 – AGM Insured (UB) (4) | 12/30 at 100.00 | A2 | 6,907,810 | ||
1,000 | Dacono Urban Renewal Authority, Weld County, Colorado, Tax Increment Revenue Bonds, Series 2020, 6.250%, 12/01/39 | 12/25 at 103.00 | N/R | 1,054,200 | ||
1,000 | Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014, 6.000%, 12/01/38 | 12/24 at 100.00 | N/R | 1,051,810 | ||
1,130 | Fourth Street Crossing Business Improvement District, Silverthorne, Summit County, Colorado, Special Revenue and Tax Supported Bonds, Senior Series 2019A, 5.125%, 12/01/38, 144A | 6/24 at 103.00 | N/R | 1,202,953 | ||
1,000 | Great Western Metropolitan District 5, Colorado, General Obligation Limited Tax Revenue Bonds, Refunding Series 2020, 4.750%, 12/01/50 | 12/25 at 102.00 | N/R | 1,034,710 | ||
5,250 | Jefferson Center Metropolitan District 1, Arvada, Jefferson County, Colorado, Special Revenue Bonds, Subordinate Series 2020B, 5.750%, 12/15/50 | 12/23 at 103.00 | N/R | 5,558,910 | ||
2,000 | Jones District Community Authority Board, Centennial, Colorado, Special Revenue Convertible Capital Appreciaiton Bonds, Series 2020A, 5.750%, 12/01/50 | 12/25 at 103.00 | N/R | 1,632,200 | ||
1,000 | Kinston Metropolitan District 5, Loveland, Larimer County, Colorado, Limited Tax General Obligation Bonds, Series 2020A, 5.125%, 12/01/50 | 12/25 at 103.00 | N/R | 1,050,570 | ||
1,380 | Lanterns Metropolitan District 1, Castle Rock, Douglas County, Colorado, Limited Tax General Obligation Bonds, Series 2019A, 5.000%, 12/01/39 | 9/24 at 103.00 | N/R | 1,482,175 | ||
1,000 | North Range Metropolitan District 3, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020A-3, 5.250%, 12/01/50 | 12/25 at 103.00 | N/R | 1,075,390 | ||
1,810 | Northfield Metropolitan District 2, Fort Collins, Larimer County, Colorado, Limited Tax General Obligation Bonds, Series 2020A, 5.000%, 12/01/50 | 12/25 at 103.00 | N/R | 1,883,142 | ||
925 | Pinon Pines Metropolitan District 2, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2020, 5.000%, 12/01/40 | 9/25 at 103.00 | N/R | 999,083 | ||
5,350 | Rampart Range Metropolitan District 1, Lone Tree, Colorado, Limited Tax Supported and Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/47 | 12/27 at 100.00 | A2 | 6,472,751 | ||
500 | Regional Transportation District, Colorado, Private Activity Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A, 4.000%, 7/15/38 | 1/31 at 100.00 | Baa2 | 600,240 | ||
1,055 | Sabell Metropolitan District, Arvada, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Series 2020A, 5.000%, 12/01/50, 144A | 3/25 at 103.00 | N/R | 1,133,724 | ||
1,000 | Sterling Ranch Community Authority Board, Douglas County, Colorado, Limited Tax Supported District 2, Refunding & Improvement Senior Series 2020A, 3.750%, 12/01/40 | 12/25 at 102.00 | N/R | 1,085,260 | ||
750 | Sterling Ranch Community Authority Board, Douglas County, Colorado, Limited Tax Supported District 2, Subordinate Series 2020B, 7.125%, 12/15/50 | 12/25 at 102.00 | N/R | 798,780 | ||
Sterling Ranch Metropolitan District 1, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2020: | ||||||
2,350 | 5.000%, 12/01/40 | 12/25 at 103.00 | N/R | 2,491,588 | ||
2,300 | 5.125%, 12/01/50 | 12/25 at 103.00 | N/R | 2,416,311 | ||
2,175 | Sunlight Metropolitan District, Steamboat Springs, Colorado, Limited Tax General Obligation Bonds, Series 2020, 5.000%, 12/01/50 | 12/25 at 103.00 | N/R | 2,298,888 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments January 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$5,000 | Velocity Metropolitan District 5, In the City of Aurora, Colorado, Limited Tax General Obligation Bonds, Convertible Capital Appreciation Series 2020A-2, 6.000%, 12/01/50 | 12/23 at 81.31 | N/R | $3,510,550 | ||
10,000 | Velocity Metropolitan District 5, In the City of Aurora, Colorado, Limited Tax General Obligation Bonds, Series 2020A-1, 5.375%, 12/01/50 | 12/23 at 103.00 | N/R | 10,381,400 | ||
1,000 | Woodmen Heights Metropolitan District 2, El Paso County, Colorado, General Obligation Limited Tax Bonds, Taxable Converting to Tax-Exempt Refunding Subordinate Series 2020B-1, 6.250%, 12/15/40 | 12/25 at 103.00 | N/R | 1,033,470 | ||
96,805 | Total Colorado | 101,380,467 | ||||
Florida – 14.0% (10.2% of Total Investments) | ||||||
1,310 | Banyan Cay Community Development District, West Palm Beach, Florida, Special Assessment Bonds, 2020-1, 4.000%, 11/01/51 | 11/30 at 100.00 | N/R | 1,333,253 | ||
1,500 | Belmont II Community Development District, Hillsborough County, Florida, Special Assessment Revenue Bonds, 2020 Aessessment Area, Series 2020, 4.000%, 12/15/50 | 12/30 at 100.00 | N/R | 1,581,315 | ||
Broward County, Florida, Port Facilities Revenue Bonds, Series 2019B: | ||||||
7,500 | 4.000%, 9/01/37 (AMT) | 9/29 at 100.00 | A | 8,780,325 | ||
2,500 | 4.000%, 9/01/39 (AMT) (UB) (4) | 9/29 at 100.00 | A | 2,912,450 | ||
Capital Trust Agency, Florida, Educational Facilities Lease Revenue Bonds, South Tech Schools Project, Series 2020A: | ||||||
1,235 | 5.000%, 6/15/40, 144A | 6/27 at 100.00 | N/R | 1,313,064 | ||
1,260 | 5.000%, 6/15/55, 144A | 6/27 at 100.00 | N/R | 1,321,501 | ||
6,500 | Currents Community Development District, Collier County, Florida, Capital Improvement Revenue Bonds, Series 2020B, 4.250%, 5/01/41, 144A | No Opt. Call | N/R | 6,977,360 | ||
1,500 | Cypress Park Estates Community Development District, Florida, Special Assessment Revenue Bonds, Assessment Area 1 Project, Series 2020, 4.000%, 5/01/51, 144A | 5/32 at 100.00 | N/R | 1,558,170 | ||
2,500 | Cypress Preserve Community Development District, Pasco County, Florida, Special Assessment Bonds, Assessment Area 2, Series 2019, 4.125%, 11/01/50 | 11/29 at 100.00 | N/R | 2,630,500 | ||
10,000 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Discovery High School Project, Series 2020A, 5.000%, 6/01/55, 144A | 6/29 at 100.00 | N/R | 10,658,200 | ||
1,100 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Mater Academy Projects, Series 2020A, 5.000%, 6/15/50 | 6/27 at 100.00 | BBB | 1,257,916 | ||
500 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, River City Science Academy Projects, Series 2021A, 4.000%, 7/01/55 (WI/DD, Settling 2/04/21) | 7/28 at 100.00 | Baa3 | 540,240 | ||
17,650 | 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 | 17,236,814 | ||
5,890 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A, 6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A | 3/21 at 104.00 | N/R | 5,702,521 | ||
1,100 | Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Jacksonville University Project, Series 2018A-1, 5.000%, 6/01/48, 144A | 6/28 at 100.00 | N/R | 1,262,052 | ||
11,180 | Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Rollins College Project, Refunding Series 2020A, 3.000%, 12/01/48 (UB) (4) | 12/30 at 100.00 | A2 | 11,779,024 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$1,000 | Forest Lake Community Development District, Polk County, Florida, Specia Assessment Bonds, Assessment Area One Project, Series 2020, 4.000%, 5/01/51, 144A | 5/30 at 100.00 | N/R | $1,043,990 | ||
Grand Oaks Community Development District, Saint Johns County, Florida, Special Assessment Bonds, Assessment Area 2, Series 2020: | ||||||
1,100 | 4.250%, 5/01/40 | 5/31 at 100.00 | N/R | 1,147,333 | ||
1,500 | 4.500%, 5/01/52 | 5/31 at 100.00 | N/R | 1,570,200 | ||
1,000 | Hammock Reserve Community Development District, Haines City, Florida, Special Assessment Revenue Bonds, Area1 Project, Series 2020, 4.000%, 5/01/51 | 5/30 at 100.00 | N/R | 1,040,770 | ||
Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Florida Health Sciences Center Inc D/B/A Tampa General Hospital, Series 2020A: | ||||||
3,550 | 4.000%, 8/01/45 | 2/31 at 100.00 | Baa1 | 4,133,017 | ||
10,000 | 3.500%, 8/01/55 (UB) (4) | 2/31 at 100.00 | Baa1 | 10,897,800 | ||
1,250 | Lakewood Ranch Stewardship District, Florida, Special Assessment Revenue Bonds, Northeast Sector Project, Phase 2B, Series 2020, 4.000%, 5/01/50, 144A | 5/30 at 100.00 | N/R | 1,312,075 | ||
1,225 | Miami Dade County Industrial Development Authority, Florida, Educational Facilities Revenue Bonds, Miami Community Charter School Inc Project, Series 2020A, 5.000%, 6/01/47, 144A | 6/26 at 103.00 | N/R | 1,272,689 | ||
8,000 | Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2014A, 5.000%, 7/01/44 | 7/24 at 100.00 | BBB+ | 9,012,400 | ||
1,500 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2020A, 4.000%, 10/01/41 | 10/30 at 100.00 | A- | 1,796,550 | ||
Miami-Dade County, Florida, Special Obligation Bonds, Refunding Subordinate Series 2021B: | ||||||
4,000 | 2.736%, 10/01/36 | 10/30 at 100.00 | A+ | 4,085,840 | ||
1,515 | 2.786%, 10/01/37 | 10/30 at 100.00 | A+ | 1,539,710 | ||
1,500 | Mirada II Community Development District, Florida, Revenue Bonds, Capital Improvement Series 2021, 4.000%, 5/01/51 (WI/DD, Settling 2/04/21) | 5/31 at 100.00 | N/R | 1,536,720 | ||
1,000 | North Powerline Road Community Development District, Polk County, Florida, Special Assessment Revenue Bonds, Series 2020, 4.000%, 5/01/51 | 5/30 at 100.00 | N/R | 1,031,980 | ||
1,500 | Parrish Plantation Community Development District, Manatee County, Florida, Special Assessment Revenue Bonds, Assessment Area 1, Series 2021, 4.000%, 5/01/52 (WI/DD, Settling 2/04/21) | 5/31 at 100.00 | N/R | 1,541,880 | ||
1,500 | Stoneybrook South Championsgate Community Development District, Florida, Special Assessment Revenue Bonds, Fox South Assessment Area, Series 2020, 3.750%, 12/15/50, 144A | 12/30 at 100.00 | N/R | 1,534,800 | ||
16,435 | Tampa, Florida, Capital Improvement Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project, Series 2020A, 0.000%, 9/01/53 | 9/30 at 38.62 | A+ | 4,949,893 | ||
1,010 | Windward Community Development District, Florida, Special Assessment Bonds, Series 2020A-2, 4.400%, 11/01/35 | No Opt. Call | N/R | 1,074,357 | ||
131,810 | Total Florida | 127,366,709 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments January 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Hawaii – 0.3% (0.2% of Total Investments) | ||||||
Hawaii State, Harbor System Revenue Bonds, Series 2020A: | ||||||
$1,375 | 4.000%, 7/01/33 (AMT) | 7/30 at 100.00 | Aa3 | $1,674,722 | ||
270 | 4.000%, 7/01/34 (AMT) | 7/30 at 100.00 | Aa3 | 327,729 | ||
205 | 4.000%, 7/01/35 (AMT) | 7/30 at 100.00 | Aa3 | 248,105 | ||
430 | 4.000%, 7/01/36 (AMT) | 7/30 at 100.00 | Aa3 | 518,520 | ||
2,280 | Total Hawaii | 2,769,076 | ||||
Illinois – 7.0% (5.1% of Total Investments) | ||||||
1,250 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2021A, 5.000%, 12/01/38 (WI/DD, Settling 2/11/21) | 12/30 at 100.00 | BB- | 1,560,900 | ||
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2014: | ||||||
5,000 | 5.250%, 12/01/49 (UB) (4) | 12/24 at 100.00 | AA | 5,819,400 | ||
10,000 | 5.250%, 12/01/49 | 12/24 at 100.00 | AA | 11,638,800 | ||
Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Refunding Senior Lien Series 2020A: | ||||||
3,305 | 4.000%, 1/01/35 | 1/30 at 100.00 | A | 4,011,873 | ||
3,145 | 4.000%, 1/01/37 | 1/30 at 100.00 | A | 3,791,392 | ||
2,000 | Chicago, Illinois, General Obligation Bonds, Project Series 2011A, 5.000%, 1/01/40 | 3/21 at 100.00 | Ba1 | 2,003,300 | ||
Cook County, Illinois, Sales Tax Revenue Bonds, Series 2021A: | ||||||
175 | 4.000%, 11/15/39 | 11/30 at 100.00 | AA- | 211,988 | ||
475 | 4.000%, 11/15/40 | 11/30 at 100.00 | AA- | 573,753 | ||
5,085 | DuPage County, Illinois, Revenue Bonds, Morton Arboretum Project, Green Series 2020, 3.000%, 5/15/47 | 5/30 at 100.00 | A1 | 5,275,128 | ||
10,000 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2020A, 3.000%, 5/15/50 (UB) (4) | 11/30 at 100.00 | A3 | 10,438,300 | ||
6,315 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2020A, 5.000%, 1/01/45 | 1/31 at 100.00 | A1 | 8,162,958 | ||
3,300 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2020B, 5.000%, 6/15/42 | 12/30 at 100.00 | BB+ | 4,049,760 | ||
5,190 | Romeoville, Will County, Illinois, Revenue Bonds, Lewis University Project, Series 2015, 5.000%, 10/01/35 | 4/25 at 100.00 | BBB | 5,761,160 | ||
55,240 | Total Illinois | 63,298,712 | ||||
Indiana – 0.8% (0.6% of Total Investments) | ||||||
1,415 | Gary Local Public Improvement Bond Bank, Indiana, Economic Development Revenue Bonds, Drexel Foundation for Educational Excellence Project, Refunding Series 2020A, 5.875%, 6/01/55, 144A | 6/30 at 100.00 | N/R | 1,485,326 | ||
3,445 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Rose Hulman Institute Of Technology Project, Series 2018, 5.000%, 6/01/39 | 12/28 at 100.00 | A2 | 4,168,381 | ||
1,625 | Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Series 2020, 6.750%, 5/01/39 (AMT) | 11/30 at 100.00 | Caa2 | 2,000,147 | ||
6,485 | Total Indiana | 7,653,854 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kansas – 0.1% (0.1% of Total Investments) | ||||||
$1,000 | Kansas Independent College Finance Authority, Educational Facilities Revenue Bonds, Ottawa University Project, Series 2015, 7.000%, 6/01/45, 144A | 6/22 at 103.00 | N/R | $1,056,600 | ||
Kentucky – 0.8% (0.6% of Total Investments) | ||||||
3,000 | Bell County, Kentucky, Special Assessment Industrial Building Revenue Bonds, Boone's Ridge Project, Series 2020, 6.000%, 12/01/40 | 12/30 at 100.00 | N/R | 3,124,020 | ||
2,515 | Kentucky Municipal Power Agency, Power System Revenue Bonds, Prairie State Project, Refunding Series 2016A, 5.000%, 9/01/36 – NPFG Insured | 9/26 at 100.00 | Baa1 | 2,993,454 | ||
1,000 | Newport, Kentucky, Special Obligation Revenue Bonds, Newport Clifton Project, Series 2020B, 5.500%, 12/01/60 | 12/30 at 100.00 | N/R | 1,010,510 | ||
6,515 | Total Kentucky | 7,127,984 | ||||
Louisiana – 1.4% (1.0% of Total Investments) | ||||||
Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2020A: | ||||||
5,355 | 3.000%, 5/15/47 (UB) (4) | 5/30 at 100.00 | A3 | 5,627,677 | ||
2,145 | 4.000%, 5/15/49 (UB) (4) | 5/30 at 100.00 | A3 | 2,498,260 | ||
2,000 | New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project, Series 2017B, 5.000%, 1/01/48 (AMT) | 1/27 at 100.00 | A- | 2,340,400 | ||
2,000 | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, LP Project, Series 2010, 6.350%, 7/01/40, 144A | 6/30 at 100.00 | BB- | 2,581,260 | ||
11,500 | Total Louisiana | 13,047,597 | ||||
Maryland – 1.2% (0.9% of Total Investments) | ||||||
2,200 | Frederick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority, Refunding Series 2020C, 4.000%, 7/01/50 | 7/30 at 100.00 | N/R | 2,438,238 | ||
5,455 | Frederick County, Maryland, Special Tax Limited Obligation Bonds, Jefferson Technology Park Project, Refunding Series 2020A, 5.000%, 7/01/43, 144A | 7/30 at 102.00 | N/R | 6,237,138 | ||
1,000 | Maryland Economic Development Corporation, Special Obligation Bonds, Port Covington Project, Series 2020, 4.000%, 9/01/50 | 9/30 at 100.00 | N/R | 1,094,050 | ||
1,250 | Maryland Economic Development Corporation, Student Housing Revenue Bonds, Morgan State University Project, Series 2020, 5.000%, 7/01/50 | 7/30 at 100.00 | BBB- | 1,503,687 | ||
9,905 | Total Maryland | 11,273,113 | ||||
Massachusetts – 2.6% (1.9% of Total Investments) | ||||||
5,000 | Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Subordinated Series 2020B-1, 5.000%, 7/01/45 | 7/28 at 100.00 | Aa3 | 6,298,500 | ||
260 | Massachusetts Development Finance Agency, Revenue Bonds, Southcoast Health System Obligated Group Issue, Series 2021G, 5.000%, 7/01/50 (WI/DD, Settling 2/04/21) | 7/31 at 100.00 | BBB+ | 336,510 | ||
13,050 | Massachusetts State, General Obligation Bonds, Consolidated Loan Series 2019C, 5.000%, 5/01/49 | 5/29 at 100.00 | AA | 16,588,899 | ||
18,310 | Total Massachusetts | 23,223,909 | ||||
Michigan – 1.6% (1.2% of Total Investments) | ||||||
1,500 | Detroit, Michigan, General Obligation Bonds, Unlimited Tax Series 2020, 5.500%, 4/01/45 | 4/30 at 100.00 | BB- | 1,823,100 | ||
16,110 | Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco Receipts, Series 2020B2-CL2, 0.000%, 6/01/65 | 12/30 at 18.38 | N/R | 2,027,927 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments January 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan (continued) | ||||||
$10,185 | Michigan State University, General Revenue Bonds, Refunding Series 2020A, 3.000%, 8/15/42 | 8/30 at 100.00 | AA | $10,980,550 | ||
27,795 | Total Michigan | 14,831,577 | ||||
Minnesota – 0.1% (0.1% of Total Investments) | ||||||
1,140 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Hope Community Academy Project, Series 2020A, 5.000%, 12/01/55 | 12/28 at 102.00 | BB | 1,203,361 | ||
Missouri – 3.6% (2.6% of Total Investments) | ||||||
5,315 | Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019A, 5.000%, 3/01/44 (AMT) | 3/29 at 100.00 | A- | 6,493,123 | ||
3,835 | Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019B, 5.000%, 3/01/46 (AMT) | 3/29 at 100.00 | A- | 4,664,587 | ||
1,100 | M150 and 135th Street Transporation Development District, Kansas City, Missouri, Transportation Sales Tax Revenue Bonds, Series 2020A, 4.250%, 10/01/43 | 10/27 at 100.00 | N/R | 1,137,433 | ||
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2020: | ||||||
1,250 | 4.000%, 6/01/50 | 6/30 at 100.00 | A+ | 1,456,825 | ||
4,940 | 3.000%, 6/01/53 (UB) (4) | 6/30 at 100.00 | A+ | 5,090,719 | ||
1,250 | 4.000%, 6/01/53 | 6/30 at 100.00 | A+ | 1,444,663 | ||
3,155 | Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Expansion & Improvement Projects Series 2020, 5.000%, 10/01/45 – AGM Insured (UB) (4) | 10/30 at 100.00 | A2 | 3,980,253 | ||
Southeast Missouri State University, System Facilities Revenue Bonds, Refunding Series 2020: | ||||||
2,500 | 5.000%, 4/01/28 | No Opt. Call | A | 3,046,625 | ||
2,905 | 5.000%, 4/01/29 | No Opt. Call | A | 3,589,738 | ||
1,470 | 5.000%, 4/01/30 | No Opt. Call | A | 1,838,117 | ||
27,720 | Total Missouri | 32,742,083 | ||||
Nevada – 1.1% (0.8% of Total Investments) | ||||||
5,920 | Clark County School District, Nevada, General Obligation Bonds, Limited Tax Building Series 2020B, 3.000%, 6/15/38 – BAM Insured | 6/30 at 100.00 | A1 | 6,579,192 | ||
2,000 | Director of Nevada State Department of Business & Industry, Environmental Improvement Revenue Bonds, Fulcrum Sierra BioFuels LLC Project, Green Series 2020, 6.750%, 2/15/38, 144A | 2/31 at 100.00 | N/R | 2,036,360 | ||
Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 611 Sunstone Phase I and II, Series 2020: | ||||||
450 | 4.000%, 6/01/40 | 6/30 at 100.00 | N/R | 483,714 | ||
1,150 | 4.125%, 6/01/50 | 6/30 at 100.00 | N/R | 1,229,419 | ||
9,520 | Total Nevada | 10,328,685 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Hampshire – 0.1% (0.1% of Total Investments) | ||||||
$1,250 | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Catholic Medical Center, Series 2017, 3.750%, 7/01/40 | 7/27 at 100.00 | Baa2 | $1,310,813 | ||
New Jersey – 5.1% (3.7% of Total Investments) | ||||||
2,750 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Social Series 2021QQQ, 4.000%, 6/15/46 | 12/30 at 100.00 | BBB | 3,167,808 | ||
7,500 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph's Healthcare System Obligated Group Issue, Refunding Series 2016, 4.000%, 7/01/48 | 7/26 at 100.00 | BBB- | 8,360,700 | ||
1,000 | New Jersey State, General Obligation Bonds, Covid-19 Emergency Series 2020A, 3.000%, 6/01/32 | No Opt. Call | BBB+ | 1,153,920 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2020AA: | ||||||
25,990 | 3.000%, 6/15/50 (UB) (4) | 12/30 at 100.00 | BBB | 26,938,375 | ||
545 | 4.000%, 6/15/50 (UB) (4) | 12/30 at 100.00 | BBB | 625,840 | ||
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Series 2020A: | ||||||
1,000 | 5.000%, 11/01/45 | 11/30 at 100.00 | Baa2 | 1,273,560 | ||
3,125 | 4.000%, 11/01/50 | 11/30 at 100.00 | Baa2 | 3,627,625 | ||
1,100 | South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Subordinate Series 2020A, 4.000%, 11/01/50 – BAM Insured | 11/30 at 100.00 | Baa3 | 1,295,965 | ||
43,010 | Total New Jersey | 46,443,793 | ||||
New Mexico – 0.8% (0.6% of Total Investments) | ||||||
7,000 | Winrock Town Center Tax Increment Development District 1, Albuquerque, New Mexico, Gross Receipts Tax Increment Bonds, Subordinate Lien Series 2020, 8.000%, 5/01/40, 144A | 11/23 at 103.00 | N/R | 7,127,540 | ||
New York – 25.5% (18.6% of Total Investments) | ||||||
6,000 | Build NYC Resource Corporation, New York, Revenue Bonds, Albert Einstein College of Medicine, Inc, Series 2015, 5.500%, 9/01/45, 144A | 9/25 at 100.00 | N/R | 6,710,940 | ||
5,000 | Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020A-1, 5.500%, 6/01/55, 144A | 12/30 at 100.00 | N/R | 5,083,100 | ||
Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020C-1: | ||||||
1,310 | 5.000%, 6/01/40, 144A | 12/30 at 100.00 | N/R | 1,384,971 | ||
3,000 | 5.000%, 6/01/55, 144A | 12/30 at 100.00 | N/R | 3,110,670 | ||
10,000 | Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health System Obligated Group Series 2019A, 4.000%, 7/01/45 (UB) (4) | 7/29 at 100.00 | BBB | 11,002,300 | ||
9,120 | Dormitory Authority of the State of New York, Revenue Bonds, NYU Langone Hospitals Obligated Group, Series 2020A, 4.000%, 7/01/53 (UB) (4) | 7/30 at 100.00 | A3 | 10,815,773 | ||
20,000 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020A Bidding Group 1 thru 5, 3.000%, 3/15/50 (UB) (4) | 9/30 at 100.00 | Aa2 | 21,471,600 | ||
7,695 | Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2018E Group 4, 5.000%, 3/15/48 | 9/28 at 100.00 | AA+ | 9,600,513 | ||
12,360 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Green Series 2016B, 5.000%, 11/15/37 | 11/26 at 100.00 | BBB+ | 14,452,424 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments January 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$2,640 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2017D, 4.000%, 11/15/42 | 5/28 at 100.00 | BBB+ | $2,945,052 | ||
10,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2014D-1, 5.250%, 11/15/44 (UB) (4) | 11/24 at 100.00 | BBB+ | 11,296,100 | ||
Monroe County Industrial Development Corporation, New York, Revenue Bonds, Rochester Regional Health Project, Series 2020A: | ||||||
715 | 3.000%, 12/01/37 | 12/30 at 100.00 | BBB+ | 775,904 | ||
2,200 | 3.000%, 12/01/40 | 12/30 at 100.00 | BBB+ | 2,337,192 | ||
1,000 | 4.000%, 12/01/46 | 12/30 at 100.00 | BBB+ | 1,150,660 | ||
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Yankee Stadium Project, Series 2020A: | ||||||
5,385 | 3.000%, 3/01/39 – AGM Insured (UB) (4) | 9/30 at 100.00 | BBB+ | 5,899,914 | ||
3,845 | 3.000%, 3/01/40 – AGM Insured (UB) (4) | 9/30 at 100.00 | BBB+ | 4,203,123 | ||
3,500 | 4.000%, 3/01/45 | 9/30 at 100.00 | BBB+ | 4,079,565 | ||
2,275 | 3.000%, 3/01/49 (UB) (4) | 9/30 at 100.00 | BBB+ | 2,395,234 | ||
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2021 Series BB-1: | ||||||
3,375 | 4.000%, 6/15/50 | 12/30 at 100.00 | AA+ | 4,038,964 | ||
2,500 | 5.000%, 6/15/50 | 12/30 at 100.00 | AA+ | 3,269,450 | ||
2,815 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2021 Series BB-2, 4.000%, 6/15/42 | 12/30 at 100.00 | AA+ | 3,410,682 | ||
New York City, New York, General Obligation Bonds, Fiscal 2021 Series C: | ||||||
1,695 | 4.000%, 8/01/36 | 8/30 at 100.00 | AA- | 2,072,849 | ||
1,250 | 4.000%, 8/01/39 | 8/30 at 100.00 | AA- | 1,505,500 | ||
2,650 | 4.000%, 8/01/40 | 8/30 at 100.00 | AA- | 3,181,007 | ||
New York City, New York, General Obligation Bonds, Fiscal 2021 Series D: | ||||||
1,500 | 1.216%, 8/01/26 | No Opt. Call | AA- | 1,523,985 | ||
1,000 | 1.623%, 8/01/28 | No Opt. Call | AA- | 1,009,710 | ||
1,000 | 1.923%, 8/01/31 | No Opt. Call | AA- | 1,012,830 | ||
1,410 | 2.223%, 8/01/35 | No Opt. Call | AA- | 1,436,832 | ||
1,790 | New York City, New York, General Obligation Bonds, Fiscal 2021 Series E, 1.623%, 8/01/28 | No Opt. Call | AA- | 1,808,670 | ||
4,000 | New York Counties Tobacco Trust IV, Tobacco Settlement Pass-Through Bonds, Turbo Term Series 2005A, 5.000%, 6/01/42 | 2/21 at 100.00 | B- | 4,043,760 | ||
3,000 | 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 | 3,259,020 | ||
9,000 | New York State Thruway Authority, General Revenue Bonds, Series 2020N, 4.000%, 1/01/41 | 1/30 at 100.00 | A | 10,704,690 | ||
10,615 | New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020C, 5.000%, 3/15/43 | 9/30 at 100.00 | Aa2 | 13,761,923 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Series 2020: | ||||||
$13,000 | 5.250%, 8/01/31 (AMT) | 8/30 at 100.00 | B- | $15,179,320 | ||
3,400 | 5.375%, 8/01/36 (AMT) | 8/30 at 100.00 | B- | 3,965,794 | ||
1,000 | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, Terminal 4 John F Kennedy International Airport Project, Series 2020C, 4.000%, 12/01/41 | 12/30 at 100.00 | BBB | 1,202,030 | ||
New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2020: | ||||||
1,000 | 4.000%, 10/01/30 (AMT) | No Opt. Call | BB+ | 1,186,520 | ||
4,000 | 5.000%, 10/01/35 (AMT) | 10/30 at 100.00 | BB+ | 5,025,760 | ||
6,000 | 5.000%, 10/01/40 (AMT) | 10/30 at 100.00 | BB+ | 7,428,780 | ||
6,250 | 4.375%, 10/01/45 (AMT) | 10/30 at 100.00 | BB+ | 7,308,812 | ||
2,200 | 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 | A+ | 2,586,232 | ||
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Twenty-One Series 2020: | ||||||
2,000 | 4.000%, 7/15/36 (AMT) | 7/30 at 100.00 | A+ | 2,403,240 | ||
2,000 | 4.000%, 7/15/37 (AMT) | 7/30 at 100.00 | A+ | 2,395,180 | ||
5,000 | 4.000%, 7/15/39 (AMT) | 7/30 at 100.00 | A+ | 5,950,700 | ||
2,350 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Twenty-Thrid Series 2021, 4.000%, 7/15/40 (AMT) (WI/DD, Settling 2/05/21) | 7/31 at 100.00 | A+ | 2,831,774 | ||
201,845 | Total New York | 232,219,049 | ||||
North Carolina – 1.3% (0.9% of Total Investments) | ||||||
Western Carolina University, North Carolina, General Revenue Bonds, Series 2020B: | ||||||
2,090 | 4.000%, 4/01/45 | 4/30 at 100.00 | Aa3 | 2,464,005 | ||
7,910 | 4.000%, 4/01/50 | 4/30 at 100.00 | Aa3 | 9,264,667 | ||
10,000 | Total North Carolina | 11,728,672 | ||||
Ohio – 6.5% (4.7% of Total Investments) | ||||||
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue Bonds, Summa Health Obligated Group, Refunding Series 2020: | ||||||
220 | 4.000%, 11/15/36 (UB) (4) | 11/30 at 100.00 | Baa2 | 259,798 | ||
1,500 | 4.000%, 11/15/38 (UB) (4) | 11/30 at 100.00 | Baa2 | 1,756,140 | ||
10,325 | 3.000%, 11/15/40 (UB) (4) | 11/30 at 100.00 | Baa2 | 10,828,860 | ||
9,950 | Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 3.000%, 6/01/48 | 6/30 at 100.00 | BBB+ | 10,463,221 | ||
9,180 | Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55 | 6/30 at 100.00 | N/R | 10,704,890 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments January 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$125 | Montgomery County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Network Obligated Group Project, Refunding & Improvement Series 2021, 4.000%, 8/01/41 (WI/DD, Settling 2/10/21) | 2/31 at 100.00 | A2 | $149,532 | ||
2,500 | Ohio Air Quality Development Authority, Ohio, Exempt Facilities Revenue Bonds, AMG Vanadium Project, Series 2019, 5.000%, 7/01/49 (AMT), 144A | 7/29 at 100.00 | B- | 2,804,100 | ||
20,000 | Southern Ohio Port Authority, Ohio, Facility Revenue Bonds, Purecycle Project, Series 2020A, 7.000%, 12/01/42 (AMT), 144A | 12/27 at 103.00 | N/R | 21,729,800 | ||
53,800 | Total Ohio | 58,696,341 | ||||
Oklahoma – 0.1% (0.1% of Total Investments) | ||||||
1,000 | Mannford Public Works Authority, Oklahoma, Revenue Bonds, Capital Improvement Series 2021, 3.250%, 1/01/51 | 1/29 at 100.00 | N/R | 969,400 | ||
Oregon – 1.6% (1.1% of Total Investments) | ||||||
Port of Portland, Oregon, International Airport Revenue Bonds, Series 2020-27A: | ||||||
5,625 | 4.000%, 7/01/39 (AMT) | 7/30 at 100.00 | A+ | 6,616,463 | ||
6,625 | 4.000%, 7/01/50 (AMT) | 7/30 at 100.00 | A+ | 7,606,825 | ||
12,250 | Total Oregon | 14,223,288 | ||||
Pennsylvania – 3.2% (2.4% of Total Investments) | ||||||
5,000 | Allegheny County Industrial Development Authority, Pennsylvania, Environmental Improvement Revenue Bonds, United States Steel Corp, Refunding Series 2019, 5.125%, 5/01/30 | No Opt. Call | Caa2 | 5,553,400 | ||
1,000 | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, 615 Waterfront Project, Senior Series 2021, 6.000%, 5/01/42, 144A | 5/31 at 100.00 | N/R | 1,217,220 | ||
1,000 | Dauphin County General Authority, Pennsylvania, Revenue Bonds, Harrisburg University of Science & Technology Project, Series 2017, 5.125%, 10/15/41, 144A | 10/27 at 100.00 | BB | 998,780 | ||
2,000 | Dauphin County General Authority, Pennsylvania, Revenue Bonds, Harrisburg University of Science & Technology Project, Series 2020, 6.250%, 10/15/53, 144A | 10/28 at 100.00 | BB | 2,119,980 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A: | ||||||
750 | 3.000%, 12/01/42 | 12/30 at 100.00 | A3 | 806,655 | ||
1,315 | 4.000%, 12/01/43 | 12/30 at 100.00 | A3 | 1,558,288 | ||
1,000 | 4.000%, 12/01/46 | 12/30 at 100.00 | A3 | 1,176,660 | ||
500 | Philadelphia Authority for Industrial Development, Pennsylvania, Charter School Revenue Bonds, Philadelphia Performing Arts: A String Theory Charter School, Series 2020, 5.000%, 6/15/50, 144A | 6/28 at 100.00 | BB+ | 575,710 | ||
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, 1998 General Ordinance, Refunding Sixteenth Series 2020B: | ||||||
1,000 | 4.000%, 8/01/36 – AGM Insured | 8/30 at 100.00 | BBB+ | 1,209,130 | ||
1,500 | 4.000%, 8/01/37 – AGM Insured | 8/30 at 100.00 | BBB+ | 1,807,665 | ||
2,705 | 4.000%, 8/01/38 – AGM Insured | 8/30 at 100.00 | BBB+ | 3,250,301 | ||
650 | 4.000%, 8/01/39 – AGM Insured | 8/30 at 100.00 | BBB+ | 779,077 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, 1998 General Ordinance, Sixteenth Series 2020A: | ||||||
$800 | 5.000%, 8/01/33 – AGM Insured | 8/30 at 100.00 | BBB+ | $1,065,184 | ||
1,000 | 5.000%, 8/01/34 – AGM Insured | 8/30 at 100.00 | BBB+ | 1,327,190 | ||
1,445 | 5.000%, 8/01/35 – AGM Insured | 8/30 at 100.00 | BBB+ | 1,912,096 | ||
2,165 | 5.000%, 8/01/39 – AGM Insured | 8/30 at 100.00 | BBB+ | 2,830,218 | ||
1,000 | 4.000%, 8/01/45 – AGM Insured | 8/30 at 100.00 | BBB+ | 1,177,480 | ||
24,830 | Total Pennsylvania | 29,365,034 | ||||
Puerto Rico – 5.4% (3.9% of Total Investments) | ||||||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A: | ||||||
7,450 | 5.000%, 7/01/23 | 3/21 at 100.00 | CCC | 7,468,625 | ||
5,020 | 5.125%, 7/01/37 | 7/22 at 100.00 | CCC | 5,283,550 | ||
2,000 | 6.000%, 7/01/47 | 7/22 at 100.00 | CCC | 2,132,500 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
20,000 | 0.000%, 7/01/46 | 7/28 at 41.38 | N/R | 6,329,000 | ||
35,000 | 0.000%, 7/01/51 | 7/28 at 30.01 | N/R | 8,047,550 | ||
5,514 | 4.750%, 7/01/53 | 7/28 at 100.00 | N/R | 6,184,558 | ||
2,500 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 2,850,525 | ||
15,000 | Puerto Rico, General Obligation Bonds, Public Improvement, Series 2014A, 3.180%, 7/01/35 (5) | 3/21 at 100.00 | D | 10,987,500 | ||
92,484 | Total Puerto Rico | 49,283,808 | ||||
South Carolina – 0.1% (0.1% of Total Investments) | ||||||
1,000 | South Carolina Jobs-Economic Development Authority, Educational Facilities Revenue Bonds, Columbia College, Refunding Series 2020A, 5.625%, 10/01/40 | 10/27 at 103.00 | N/R | 1,039,200 | ||
South Dakota – 0.5% (0.4% of Total Investments) | ||||||
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Monument Health, Inc, Series 2020A: | ||||||
2,145 | 3.000%, 9/01/45 (UB) (4) | 9/30 at 100.00 | A1 | 2,255,232 | ||
1,800 | 4.000%, 9/01/50 (UB) (4) | 9/30 at 100.00 | A1 | 2,072,142 | ||
3,945 | Total South Dakota | 4,327,374 | ||||
Tennessee – 1.1% (0.8% of Total Investments) | ||||||
2,555 | Memphis, Tennessee, Sanitary Sewerage System Revenue Bonds, Refunding Series 2020B, 5.000%, 10/01/45 | 10/30 at 100.00 | Aa2 | 3,370,530 | ||
Metropolitan Government of Nashville and Davidson County Sports Authority, Tennessee, Public Improvement Revenue Bonds, MLS Project, Series 2020: | ||||||
2,100 | 3.019%, 8/01/40 | 8/30 at 100.00 | Aa3 | 2,183,139 | ||
4,465 | 3.169%, 8/01/51 | 8/30 at 100.00 | Aa3 | 4,585,109 | ||
9,120 | Total Tennessee | 10,138,778 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments January 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas – 3.9% (2.9% of Total Investments) | ||||||
$750 | Austin Convention Enterprises Inc, Texas, Convention Center Hotel Revenue Bonds, Refunding First Tier Series 2017A, 5.000%, 1/01/28 | 1/27 at 100.00 | BBB- | $837,420 | ||
500 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Refunding First Tier Series 2020C, 4.000%, 10/01/49 | 4/30 at 100.00 | A2 | 592,975 | ||
1,200 | Hays County, Texas, Special Assessment Revenue Bonds, La Cima Public Improvement District Neighbor Improvement Areas 1-2 Project, Series 2020, 4.000%, 9/15/50, 144A | 9/30 at 100.00 | N/R | 1,273,800 | ||
Houston Community College System, Texas, General Obligation Bonds, Taxable Refunding Limited Tax Series 2021B: | ||||||
1,000 | 2.059%, 2/15/36 (WI/DD, Settling 2/11/21) | 2/31 at 100.00 | AA+ | 1,016,150 | ||
750 | 2.109%, 2/15/37 (WI/DD, Settling 2/11/21) | 2/31 at 100.00 | AA+ | 761,902 | ||
750 | 2.209%, 2/15/38 (WI/DD, Settling 2/11/21) | 2/31 at 100.00 | AA+ | 765,450 | ||
750 | 2.259%, 2/15/39 (WI/DD, Settling 2/11/21) | 2/31 at 100.00 | AA+ | 761,160 | ||
4,750 | Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2020A, 4.000%, 7/01/47 (AMT) | 7/30 at 100.00 | A | 5,462,025 | ||
1,000 | Kyle, Texas, Special Assessment Revenue Bonds, 6 Creeks Public Improvement District Improvement Area 2 Project, Series 2020, 4.000%, 9/01/46, 144A | 9/30 at 100.00 | N/R | 1,034,610 | ||
4,175 | New Hope Cultural Education Facilities Finance Corporation, Texas, Education Revenue Bonds, Southwest Preparatory School, Series 2020A, 5.000%, 8/15/50, 144A | 8/25 at 103.00 | BB+ | 4,613,375 | ||
2,035 | Sachse, Texas, Special Assessment Bonds, Sachse Public Improvement District 1 Major Improvement Area Project, Series 2020, 5.375%, 9/15/40, 144A | 9/30 at 100.00 | N/R | 2,150,690 | ||
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Hendrick Medical Center, Taxable Series 2021: | ||||||
450 | 3.292%, 9/01/40 – AGM Insured | 9/30 at 100.00 | A2 | 476,257 | ||
350 | 3.422%, 9/01/50 – AGM Insured | 9/30 at 100.00 | A2 | 361,218 | ||
3,810 | Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3 LLC Segments 3C Project, Series 2019, 5.000%, 6/30/58 (AMT) | 6/29 at 100.00 | Baa3 | 4,644,504 | ||
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project, Refunding Series 2020A: | ||||||
2,630 | 4.000%, 6/30/35 | 12/30 at 100.00 | BBB- | 3,162,049 | ||
1,540 | 4.000%, 6/30/36 | 12/30 at 100.00 | BBB- | 1,844,489 | ||
2,195 | 4.000%, 12/31/37 | 12/30 at 100.00 | BBB- | 2,604,872 | ||
2,000 | 4.000%, 6/30/40 | 12/30 at 100.00 | BBB- | 2,351,660 | ||
1,125 | Texas Public Finance Authority, Lease Revenue Bonds, Texas Facilities Commission, Taxable Refunding Series 2020, 1.780%, 2/01/32 | 2/31 at 100.00 | AA+ | 1,141,594 | ||
31,760 | Total Texas | 35,856,200 | ||||
Utah – 0.1% (0.1% of Total Investments) | ||||||
1,000 | Utah Charter School Finance Authority, Charter School Revenue Bonds, Paradigm High School Project, Series 2020A, 5.125%, 7/15/51, 144A | 1/25 at 102.00 | N/R | 1,027,950 | ||
Virginia – 2.4% (1.7% of Total Investments) | ||||||
10,750 | Roanoke Economic Development Authority, Virginia, Hospital Revenue Bonds, Carilion Clinic Obligated Group, Series 2020A, 4.000%, 7/01/51 (UB) (4) | 7/30 at 100.00 | AA- | 12,820,557 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$3,000 | Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017, 5.000%, 12/31/49 (AMT) | 6/27 at 100.00 | Baa3 | $3,544,890 | ||
Virginia Small Business Financing Authority, Revenue Bonds, National Senior Campuses Inc Obligated Group, Series 2020A: | ||||||
1,280 | 4.000%, 1/01/45 | 7/27 at 103.00 | A | 1,430,029 | ||
2,380 | 4.000%, 1/01/51 | 7/27 at 103.00 | A | 2,643,038 | ||
1,000 | Virginia Small Business Financing Authority, Tourism Development Financing Program Revenue Bonds, Virginia Beach Oceanfront South Hotel Project, Senior Series 2020A-1, 8.000%, 10/01/43, 144A | No Opt. Call | N/R | 1,297,710 | ||
18,410 | Total Virginia | 21,736,224 | ||||
Washington – 0.2% (0.1% of Total Investments) | ||||||
1,230 | King and Pierce Counties School District 408 Auburn, Washington, General Obligation Bonds, Refunding Series 2020, 3.000%, 12/01/38 | 12/30 at 100.00 | Aaa | 1,419,272 | ||
West Virginia – 0.5% (0.3% of Total Investments) | ||||||
4,000 | West Virginia Economic Development Authority, Dock and Wharf Facilities Revenue Bonds, Empire Trimodal Terminal, LLC Project, Series 2020, 7.625%, 12/01/40, 144A | 12/27 at 103.00 | N/R | 4,172,080 | ||
Wisconsin – 2.2% (1.6% of Total Investments) | ||||||
6,350 | Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Freedom Classical Academy Inc, Series 2020A, 5.000%, 1/01/56, 144A | 1/28 at 100.00 | N/R | 6,636,385 | ||
Public Finance Authority of Wisconsin, Hospital Revenue Bonds, Renown Regional Medical Center Project, Refunding Series 2020A: | ||||||
2,035 | 3.000%, 6/01/45 (UB) (4) | 6/30 at 100.00 | A+ | 2,134,715 | ||
5,415 | 3.000%, 6/01/45 – AGM Insured (UB) (4) | 6/30 at 100.00 | A+ | 5,806,775 | ||
5,000 | Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 2017, 7.000%, 12/01/50, 144A | 12/27 at 100.00 | N/R | 5,020,800 | ||
18,800 | Total Wisconsin | 19,598,675 | ||||
$1,202,984 | Total Municipal Bonds (cost $1,182,838,015) | 1,248,077,604 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
CORPORATE BONDS – 0.1% (0.1% of Total Investments) | ||||||
Utilities – 0.1% (0.1% of Total Investments) | ||||||
$1,500 | Talen Energy Supply LLC | 6.000% | 12/15/36 | B | $825,000 | |
$1,500 | Total Corporate Bonds (cost $755,539) | 825,000 | ||||
Total Long-Term Investments (cost $1,183,593,554) | 1,248,902,604 | |||||
Floating Rate Obligations – (21.0)% | (190,705,000) | |||||
Borrowings – (14.0)% (6) | (126,900,000) | |||||
Other Assets Less Liabilities – (2.3)% | (21,885,637) | |||||
Net Assets Applicable to Common Shares – 100% | $909,411,967 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments January 31, 2021 | |
(Unaudited) |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $1,248,077,604 | $ — | $1,248,077,604 |
Corporate Bonds | — | 825,000 | — | 825,000 |
Total | $ — | $1,248,902,604 | $ — | $1,248,902,604 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. | |
(3) | 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) | Borrowings as a percentage of Total Investments is 10.2%. | |
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. | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |