Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 150.7% (100.0% of Total Investments) | ||||||
MUNICIPAL BONDS – 150.5% (99.9% of Total Investments) | ||||||
Alabama – 2.9% (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 | B- | $3,876,150 | ||
11,920 | Huntsville Healthcare Authority, Alabama, Revenue Bonds, Series 2020B, 3.000%, 6/01/50 – AGM Insured (UB) (4) | 6/30 at 100.00 | A1 | 12,832,953 | ||
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 | 5,524,100 | ||
3,855 | Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 2, Series 2021B-1, 4.000%, 12/01/51 (Mandatory Put 12/01/31) | 9/31 at 100.62 | A1 | 4,853,329 | ||
23,775 | Total Alabama | 27,086,532 | ||||
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+ | 1,345,760 | ||
Arizona – 9.3% (6.2% of Total Investments) | ||||||
2,580 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Heritage Academy - Gateway and Laveen Pojects, Series 2021B, 5.000%, 7/01/51, 144A | 7/28 at 103.00 | N/R | 2,660,238 | ||
4,070 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Heritage Academy - Gateway and Laveen Pojects, Taxable Series 2021A, 5.000%, 7/01/51, 144A | 7/28 at 103.00 | N/R | 4,075,006 | ||
1,000 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Heritage Academy - Gateway and Laveen Pojects, Taxable Series 2021C, 6.000%, 7/01/29, 144A | No Opt. Call | N/R | 1,001,510 | ||
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 | 1,081,957 | ||
1,500 | 5.000%, 12/15/50, 144A | 12/28 at 100.00 | BB | 1,738,800 | ||
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- | 1,646,670 | ||
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 | 6,481,288 | ||
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 | 1,161,406 | ||
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 | 1,133,590 | ||
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- | 16,225,500 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
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+ | $7,123,282 | ||
2,500 | 5.000%, 7/01/39 | 7/29 at 100.00 | BBB+ | 2,988,725 | ||
Phoenix Civic Improvement Corporation, Arizona, Water System Revenue Bonds, Junior Lien Series 2021A: | ||||||
1,625 | 5.000%, 7/01/36 | 7/31 at 100.00 | Aa2 | 2,217,605 | ||
1,875 | 5.000%, 7/01/37 | 7/31 at 100.00 | Aa2 | 2,550,863 | ||
2,440 | 5.000%, 7/01/38 | 7/31 at 100.00 | Aa2 | 3,311,300 | ||
2,585 | 5.000%, 7/01/39 | 7/31 at 100.00 | Aa2 | 3,499,004 | ||
1,420 | 4.000%, 7/01/40 | 7/31 at 100.00 | Aa2 | 1,766,523 | ||
1,060 | 4.000%, 7/01/41 | 7/31 at 100.00 | Aa2 | 1,315,057 | ||
1,695 | 4.000%, 7/01/42 | 7/31 at 100.00 | Aa2 | 2,096,834 | ||
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 | 3,861,474 | ||
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 | 5,899,748 | ||
6,800 | 5.000%, 7/01/40, 144A | 7/26 at 103.00 | N/R | 7,569,692 | ||
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 | 4,978,414 | ||
75,840 | Total Arizona | 86,384,486 | ||||
Arkansas – 2.5% (1.6% 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- | 3,360,630 | ||
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- | 19,561,560 | ||
20,000 | Total Arkansas | 22,922,190 | ||||
California – 23.6% (15.6% of Total Investments) | ||||||
3,815 | 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 | 4,176,815 | ||
3,520 | 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 | 3,905,651 | ||
10,000 | California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma County Tobacco Securitization Corporation, Series 2020B-2, 0.010%, 6/01/55 | 12/30 at 34.02 | N/R | 2,555,500 | ||
1,500 | California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital at Stanford, Refunding Series 2022A Forward Delivery, 4.000%, 5/15/46 (WI/DD, Settling 5/17/22) | 5/32 at 100.00 | A+ | 1,752,960 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
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+ | $5,954,750 | ||
8,000 | 4.000%, 4/01/45 (UB) (4) | 4/30 at 100.00 | BBB+ | 9,506,320 | ||
4,010 | 4.000%, 4/01/49 (UB) (4) | 4/30 at 100.00 | BBB+ | 4,748,161 | ||
3,588 | California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2021-1, 3.500%, 11/20/35 | No Opt. Call | BBB+ | 4,277,839 | ||
1,250 | California Infrastructure and Economic Development Bank Infrastructure State, Revolving Fund Revenue Bonds, Tax Series 2020A, 2.786%, 10/01/43 | 10/30 at 100.00 | AAA | 1,273,000 | ||
15,500 | California Infrastructure and Economic Development Bank, Revenue Bonds, Los Angeles County Museum of Natural History Foundation, Series 2020, 3.000%, 7/01/50 (UB) (4) | 7/30 at 100.00 | A2 | 16,540,980 | ||
250 | California Infrastructure and Economic Development Bank, Revenue Bonds, WFCS Portfolio Projects, Senior Series 2021A-1, 5.000%, 1/01/56, 144A | 1/31 at 100.00 | N/R | 299,565 | ||
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 | 2,134,940 | ||
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+ | 5,880,900 | ||
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 | 5,405,500 | ||
465 | California Public Finance Authority, Senior Living Revenue Bonds, Enso Village, Refunding Green Series 2021A, 5.000%, 11/15/51, 144A | 11/29 at 102.00 | N/R | 544,882 | ||
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 | 2,080,740 | ||
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Refunding Series 2022A: | ||||||
2,500 | 5.000%, 8/01/28 (WI/DD, Settling 3/17/22) | No Opt. Call | A+ | 3,134,575 | ||
2,000 | 5.000%, 8/01/29 (WI/DD, Settling 3/17/22) | No Opt. Call | A+ | 2,559,720 | ||
2,500 | 5.000%, 8/01/30 (WI/DD, Settling 3/17/22) | No Opt. Call | A+ | 3,256,600 | ||
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2021B: | ||||||
1,000 | 4.000%, 5/01/37 | 5/31 at 100.00 | A+ | 1,240,910 | ||
1,500 | 4.000%, 5/01/41 | 5/31 at 100.00 | A+ | 1,839,930 | ||
2,500 | California State University, Systemwide Revenue Bonds, Taxable Series 2020D, 1.338%, 11/01/27 | No Opt. Call | AA- | 2,518,600 | ||
California State, General Obligation Bonds, Refunding Various Purpose Series 2021 Forward Delivery: | ||||||
3,125 | 5.000%, 9/01/31 (WI/DD, Settling 9/02/21) | No Opt. Call | AA- | 4,334,844 | ||
3,125 | 5.000%, 9/01/41 (WI/DD, Settling 9/02/21) | 9/31 at 100.00 | AA- | 4,208,344 | ||
12,500 | California State, General Obligation Bonds, Taxable Various Purpose Construction Series 2019 Bid Group A, 2.375%, 10/01/26 | No Opt. Call | AA- | 13,375,500 | ||
2,785 | California State, General Obligation Bonds, Various Purpose Series 2020, 4.000%, 11/01/34 | 11/30 at 100.00 | AA- | 3,489,326 | ||
1,000 | California State, General Obligation Bonds, Various Purpose Series 2021, 5.000%, 12/01/34 | 12/30 at 100.00 | AA- | 1,349,550 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$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- | $11,083,800 | ||
2,500 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014B, 6.000%, 12/01/24 | No Opt. Call | BB- | 2,869,075 | ||
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 | 7,365,448 | ||
445 | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Oceanaire-Long Beach, Series 2021A-1, 3.200%, 9/01/46, 144A | 9/31 at 100.00 | N/R | 474,228 | ||
910 | 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 | 1,018,936 | ||
500 | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Pasadena Portfolio Social Bond, Mezzanine Senior Series 2021B, 4.000%, 12/01/56, 144A | 12/31 at 100.00 | N/R | 557,750 | ||
2,000 | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Pasadena Portfolio Social Bond, Series 2021A-2, 3.000%, 12/01/56 | 12/31 at 100.00 | N/R | 2,084,240 | ||
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 | 1,183,520 | ||
2,000 | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Union South Bay, Series 2021A-2, 4.000%, 7/01/56, 144A | 7/31 at 100.00 | N/R | 2,193,620 | ||
Fairfield, California, Certificates of Participation, Fairfield Water Financing Series 2007A: | ||||||
1,915 | 0.000%, 4/01/36 – SYNCORA GTY Insured | No Opt. Call | AA | 1,452,355 | ||
2,990 | 0.000%, 4/01/37 – SYNCORA GTY Insured | No Opt. Call | AA | 2,212,331 | ||
7,475 | Glendale Community College District, Los Angeles County, California, General Obligation Bonds, Election 2016 Taxable Refunding Series 2020B, 4.000%, 8/01/50 | 8/29 at 100.00 | AA- | 8,867,368 | ||
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 | 6,866,391 | ||
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 | 6,505,002 | ||
Huntington Beach, California, Pension Obligation Bonds, Taxable Series 2021: | ||||||
1,000 | 1.344%, 6/15/26 – BAM Insured | No Opt. Call | AA+ | 1,010,550 | ||
1,125 | 1.911%, 6/15/28 – BAM Insured | No Opt. Call | AA+ | 1,152,124 | ||
4,830 | 2.963%, 6/15/36 – BAM Insured | 6/31 at 100.00 | AA+ | 5,105,165 | ||
10,000 | Lodi Unified School District, San Joaquin County, California, General Obligation Bonds, Election 2016 Series 2021, 3.000%, 8/01/46 (UB) (4) | 8/30 at 100.00 | Aa2 | 10,889,300 | ||
Los Angeles Municipal Improvement Corporation, California, Lease Revenue Bonds, Capital Equipment Program, Refunding Series 2021A: | ||||||
1,000 | 1.197%, 11/01/26 | No Opt. Call | AA- | 1,001,150 | ||
1,565 | 1.448%, 11/01/27 | No Opt. Call | AA- | 1,569,100 | ||
1,885 | 1.648%, 11/01/28 | No Opt. Call | AA- | 1,890,674 | ||
8,545 | Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Refunding Series 2021A, 5.000%, 7/01/29 (4) | No Opt. Call | Aa3 | 11,355,365 | ||
995 | Northstar Community Services District, Calfornia, Special Tax Bonds, Community Facilities District 1, Series 2006, 5.000%, 9/01/37 | 9/21 at 100.00 | N/R | 666,650 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$1,575 | Palomar Community College District, San Diego County, California, General Obligation Bonds, Series 2010B, 6.375%, 8/01/45 (5) | 8/40 at 100.00 | AA | $1,794,917 | ||
5,345 | Palomar Pomerado Health, California, General Obligation Bonds, Convertible Capital Appreciation, Election 2004 Series 2010A, 0.000%, 8/01/39 – AGM Insured | No Opt. Call | A2 | 3,793,507 | ||
Ravenswood City School District, San Diego County, California, General Obligation Bonds, Election 2018 Series 2021A: | ||||||
150 | 4.000%, 8/01/36 | 8/29 at 100.00 | AAA | 180,972 | ||
520 | 4.000%, 8/01/37 | 8/29 at 100.00 | AAA | 625,721 | ||
370 | 4.000%, 8/01/39 | 8/29 at 100.00 | AAA | 443,308 | ||
320 | 4.000%, 8/01/41 | 8/29 at 100.00 | AAA | 381,856 | ||
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 | A1 | 792,660 | ||
San Francisco Municipal Transportation Agency, California, Revenue Bonds, Taxable Refunding Series 2021A: | ||||||
690 | 0.824%, 3/01/26 | No Opt. Call | AA- | 687,309 | ||
750 | 1.302%, 3/01/28 | No Opt. Call | AA- | 749,092 | ||
San Jose, California, Airport Revenue Bonds, Refunding Series 2021C: | ||||||
500 | 1.882%, 3/01/28 | No Opt. Call | A- | 509,045 | ||
290 | 2.310%, 3/01/30 | No Opt. Call | A- | 301,006 | ||
1,750 | 2.960%, 3/01/36 | 3/31 at 100.00 | A- | 1,843,292 | ||
2,000 | 3.060%, 3/01/37 | 3/31 at 100.00 | A- | 2,105,900 | ||
420 | 3.290%, 3/01/41 | 3/31 at 100.00 | A- | 437,300 | ||
500 | Silicon Valley Clean Water, Mateo County, California, Wastewater Revenue Bonds, Taxable Refunding Series 2021A, 1.380%, 8/01/27 | No Opt. Call | AA | 508,230 | ||
University of California, General Revenue Bonds, Taxable Series 2021BI: | ||||||
1,000 | 1.272%, 5/15/27 | No Opt. Call | AA | 1,007,230 | ||
1,360 | 1.372%, 5/15/28 | No Opt. Call | AA | 1,365,549 | ||
205,283 | Total California | 219,247,438 | ||||
Colorado – 11.5% (7.6% 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 | 2,581,499 | ||
500 | Alpine Mountain Ranch Metropolitan District, Routt County, Colorado, Special Assessment Revenue Bonds, Special Improvement District 1, Refunding Series 2021, 4.000%, 12/01/40 | 9/26 at 103.00 | N/R | 502,045 | ||
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 | 1,343,974 | ||
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 | 1,162,025 | ||
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 | 2,401,055 | ||
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 | 538,995 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$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 | $1,903,434 | ||
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 | 1,091,220 | ||
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 | 766,538 | ||
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 | 558,040 | ||
500 | Castle Pines Commercial Metropolitan District 1, Castle Rock, Colorado, Limited Tax Supported Revenue Bonds, Series 2015, 5.000%, 12/01/39 | 8/21 at 100.00 | N/R | 500,665 | ||
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 | 522,705 | ||
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 | 3,044,826 | ||
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 | 1,587,649 | ||
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- | 3,010,203 | ||
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, New Summit Charter Academy Project, Series 2021A: | ||||||
100 | 4.000%, 7/01/41, 144A | 7/31 at 100.00 | N/R | 110,230 | ||
100 | 4.000%, 7/01/51, 144A | 7/31 at 100.00 | N/R | 108,605 | ||
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 | 1,101,710 | ||
500 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Cappella of Grand Junction Project, Series 2019, 5.000%, 12/01/54, 144A | 12/26 at 103.00 | N/R | 516,120 | ||
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 | 17,195,040 | ||
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 | 6,905,405 | ||
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 | 1,078,420 | ||
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 | 1,041,720 | ||
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 | 1,227,044 | ||
2,000 | Future Legends Sports Park Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Series 2020A, 5.500%, 6/01/50, 144A | 6/25 at 103.00 | N/R | 2,078,100 | ||
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 | 1,097,080 | ||
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 | 5,676,195 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$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 | $1,775,780 | ||
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 | 1,121,580 | ||
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 | 1,507,291 | ||
Mayberry Community Authority, Colorado Springs, El Paso County, Colorado, Special Revenue Bonds, Series 2021A: | ||||||
500 | 5.000%, 12/01/41 | 6/26 at 103.00 | N/R | 536,180 | ||
500 | 5.000%, 4/15/51 | 6/26 at 103.00 | N/R | 527,785 | ||
500 | Meadowbrook Heights Metropolitan District, Jefferson County, Colorado, General Obligation Limited Tax Bonds, Series 2021A-3, 4.875%, 12/01/51 | 9/26 at 103.00 | N/R | 506,890 | ||
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 | 1,118,310 | ||
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 | 1,974,565 | ||
285 | Peak Metropolitan District 1, Colorado Springs, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2021A, 5.000%, 12/01/51, 144A | 3/26 at 103.00 | N/R | 315,626 | ||
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 | 1,024,613 | ||
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 (4) | 12/27 at 100.00 | A2 | 6,519,724 | ||
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 | 605,685 | ||
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 | 1,157,799 | ||
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 | 1,106,420 | ||
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 | 796,095 | ||
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 | 2,620,509 | ||
2,300 | 5.125%, 12/01/50 | 12/25 at 103.00 | N/R | 2,553,552 | ||
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 | 2,386,019 | ||
500 | Tallman Gulch Metropolitan District, Douglas County, Colorado, Limited Tax General Obligation Refunding and Improvement Bonds,Subordinate Limited Tax General Obligation Bonds, Series 2018A, 5.250%, 12/01/47 | 12/22 at 103.00 | N/R | 531,115 | ||
1,000 | Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, General Obligation Limited Bonds, Convertible Capital Appreciation Series 2021A-2, 0.000%, 12/01/51 (5) | 3/26 at 103.00 | N/R | 899,190 | ||
1,270 | Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, General Obligation Limited Bonds, Series 2021A-1, 5.000%, 12/01/41 | 3/26 at 103.00 | N/R | 1,441,691 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 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 | $3,700,950 | ||
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 | 10,689,600 | ||
1,000 | Verve Metropolitan District 1, Jefferson County and the City and County of Broomfield, Colorado, General Obligation Bonds, Refunding and Improvement Limited Tax Series 2021, 5.000%, 12/01/51 | 3/26 at 103.00 | N/R | 1,104,260 | ||
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 | 1,087,670 | ||
100,560 | Total Colorado | 107,259,441 | ||||
Connecticut – 1.1% (0.7% of Total Investments) | ||||||
500 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital, Series 2021L-1, 4.000%, 7/01/30 | No Opt. Call | BBB+ | 615,490 | ||
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Series 2020A: | ||||||
3,750 | 5.000%, 5/01/37 | 5/30 at 100.00 | AA- | 4,917,637 | ||
750 | 5.000%, 5/01/38 | 5/30 at 100.00 | AA- | 981,338 | ||
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Series 2021A: | ||||||
1,605 | 4.000%, 5/01/36 | 5/31 at 100.00 | AA- | 1,992,928 | ||
1,015 | 5.000%, 5/01/41 | 5/31 at 100.00 | AA- | 1,344,317 | ||
7,620 | Total Connecticut | 9,851,710 | ||||
District of Columbia – 2.3% (1.6% of Total Investments) | ||||||
Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2021A: | ||||||
2,765 | 5.000%, 10/01/27 (AMT) | No Opt. Call | A+ | 3,472,011 | ||
1,990 | 5.000%, 10/01/28 (AMT) | No Opt. Call | A+ | 2,555,896 | ||
2,220 | 5.000%, 10/01/29 (AMT) | No Opt. Call | A+ | 2,913,573 | ||
2,305 | 5.000%, 10/01/30 (AMT) | No Opt. Call | A+ | 3,086,072 | ||
1,840 | 5.000%, 10/01/31 (AMT) | No Opt. Call | A+ | 2,515,795 | ||
Washington Convention and Sports Authority, Washington DC, Dedicated Tax Revenue Bonds, Refunding Senior Lien Series 2021A: | ||||||
505 | 4.000%, 10/01/35 | 10/30 at 100.00 | A+ | 616,287 | ||
1,060 | 4.000%, 10/01/38 | 10/30 at 100.00 | A+ | 1,283,702 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
District of Columbia (continued) | ||||||
Washington Convention and Sports Authority, Washington DC, Dedicated Tax Revenue Bonds, Refunding Senior Lien Series 2021B: | ||||||
$365 | 4.000%, 10/01/33 | 10/30 at 100.00 | A+ | $447,286 | ||
425 | 4.000%, 10/01/34 | 10/30 at 100.00 | A+ | 519,626 | ||
180 | 4.000%, 10/01/35 | 10/30 at 100.00 | A+ | 219,667 | ||
815 | 4.000%, 10/01/36 | 10/30 at 100.00 | A+ | 992,279 | ||
995 | 4.000%, 10/01/37 | 10/30 at 100.00 | A+ | 1,207,850 | ||
625 | 4.000%, 10/01/38 | 10/30 at 100.00 | A+ | 756,900 | ||
1,000 | 4.000%, 10/01/39 | 10/30 at 100.00 | A+ | 1,207,090 | ||
17,090 | Total District of Columbia | 21,794,034 | ||||
Florida – 15.7% (10.4% of Total Investments) | ||||||
1,565 | Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Ave Maria National Project, Series 2021, 3.750%, 5/01/41 | 5/31 at 100.00 | N/R | 1,641,857 | ||
1,000 | Babcock Ranch Community Independent Special District, Charlotte County, Florida, Special Assessment Bonds, 2021 Project Series 2021, 4.000%, 5/01/52, 144A | 5/31 at 100.00 | N/R | 1,061,310 | ||
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 | 1,371,845 | ||
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 | 1,600,155 | ||
2,500 | Broward County, Florida, Port Facilities Revenue Bonds, Series 2019B, 4.000%, 9/01/39 (AMT) (UB) (4) | 9/29 at 100.00 | A | 2,937,500 | ||
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 | 1,353,684 | ||
1,260 | 5.000%, 6/15/55, 144A | 6/27 at 100.00 | N/R | 1,362,866 | ||
3,690 | Capital Trust Agency, Florida, Revenue Bonds, Educational Growth Fund, LLC, Charter School Portfolio Projects, Series 2021A-1, 5.000%, 7/01/56, 144A | 7/31 at 100.00 | N/R | 4,405,860 | ||
1,000 | Capital Trust Agency, Florida, Revenue Bonds, St Johns Classical Academy, Refunding Series 2021A, 4.000%, 6/15/56, 144A | 6/30 at 100.00 | N/R | 1,043,610 | ||
Central Florida Expressway Authority, Revenue Bonds, Refunding Senior Lien Series 2021: | ||||||
1,070 | 4.000%, 7/01/34 – AGM Insured | 7/31 at 100.00 | AA | 1,341,834 | ||
195 | 4.000%, 7/01/37 – AGM Insured | 7/31 at 100.00 | AA | 242,321 | ||
600 | 4.000%, 7/01/38 – AGM Insured | 7/31 at 100.00 | AA | 743,082 | ||
525 | 4.000%, 7/01/39 – AGM Insured | 7/31 at 100.00 | AA | 648,470 | ||
6,390 | Currents Community Development District, Collier County, Florida, Capital Improvement Revenue Bonds, Series 2020B, 4.250%, 5/01/41, 144A | No Opt. Call | N/R | 7,146,832 | ||
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 | 1,602,990 | ||
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 | 2,666,550 | ||
1,000 | Edgewater East Community Development District, Osceola County, Florida, Special Assessment Revenue Bonds, Assessment Area 1 Series 2021, 4.000%, 5/01/51 | 5/31 at 100.00 | N/R | 1,064,720 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$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 | $11,171,100 | ||
1,100 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Mater Academy Projects, Series 2020A, 5.000%, 6/15/50, 144A | 6/27 at 100.00 | BBB | 1,282,094 | ||
500 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, River City Science Academy Projects, Series 2021A, 4.000%, 7/01/55 | 7/28 at 100.00 | Baa3 | 541,820 | ||
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 | 19,502,544 | ||
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 | 8/21 at 104.00 | N/R | 6,098,270 | ||
Florida Development Finance Corporation, Healthcare Facilties Revenue Bonds, Lakeland Regional Health Systems, Series 2021: | ||||||
1,265 | 4.000%, 11/15/35 (WI/DD, Settling 8/17/21) | 11/31 at 100.00 | A2 | 1,573,786 | ||
935 | 4.000%, 11/15/36 (WI/DD, Settling 8/17/21) | 11/31 at 100.00 | A2 | 1,158,689 | ||
1,190 | 4.000%, 11/15/37 (WI/DD, Settling 8/17/21) | 11/31 at 100.00 | A2 | 1,467,353 | ||
1,110 | 4.000%, 11/15/38 (WI/DD, Settling 8/17/21) | 11/31 at 100.00 | A2 | 1,365,134 | ||
1,005 | 4.000%, 11/15/39 (WI/DD, Settling 8/17/21) | 11/31 at 100.00 | A2 | 1,232,633 | ||
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 | 1,313,466 | ||
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 | 11,989,320 | ||
2,270 | Florida State Board of Governors, Dormitory Revenue Bonds, University of Florida, Series 2021A, 4.000%, 7/01/35 | 7/31 at 100.00 | AA- | 2,826,854 | ||
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 | 1,062,090 | ||
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 | 1,185,470 | ||
1,500 | 4.500%, 5/01/52 | 5/31 at 100.00 | N/R | 1,616,460 | ||
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 | 1,061,250 | ||
10,000 | Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Florida Health Sciences Center Inc D/B/A Tampa General Hospital, Series 2020A, 3.500%, 8/01/55 (UB) (4) | 2/31 at 100.00 | Baa1 | 11,147,900 | ||
JEA, Florida, Water and Sewer System Revenue Bonds, Series 2021A: | ||||||
625 | 4.000%, 10/01/38 | 10/31 at 100.00 | Aa3 | 778,206 | ||
215 | 4.000%, 10/01/39 | 10/31 at 100.00 | Aa3 | 266,976 | ||
1,070 | 3.000%, 10/01/40 | 10/31 at 100.00 | Aa3 | 1,192,975 | ||
720 | 3.000%, 10/01/41 | 10/31 at 100.00 | Aa3 | 800,438 | ||
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 | 1,330,600 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$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 | $1,309,537 | ||
8,000 | Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2014A, 5.000%, 7/01/44 (4) | 7/24 at 100.00 | BBB+ | 8,939,920 | ||
1,500 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2020A, 4.000%, 10/01/41 | 10/30 at 100.00 | A- | 1,799,625 | ||
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2021: | ||||||
515 | 3.000%, 10/01/36 | 4/31 at 100.00 | A+ | 579,540 | ||
1,200 | 3.000%, 10/01/40 | 4/31 at 100.00 | A+ | 1,336,200 | ||
1,500 | Mirada II Community Development District, Florida, Capital Improvement Revenue Bonds, Series 2021, 4.000%, 5/01/51 | 5/31 at 100.00 | N/R | 1,582,980 | ||
3,495 | Miramar, Florida, Special Obligation Revenue Bonds, Taxable Refunding Series 2021, 2.643%, 10/01/36 | 10/31 at 100.00 | AA- | 3,561,055 | ||
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 | 1,056,650 | ||
1,000 | Northern Palm Beach County Improvement District, Florida, Water Control and Improvement Bonds, Development Unit 53, Series 2021, 4.000%, 8/01/51 | 8/31 at 100.00 | N/R | 1,070,620 | ||
570 | Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Advent Health Obligated Group, Series 2021C, 5.000%, 11/15/52 (Mandatory Put 11/15/26) | No Opt. Call | AA | 705,626 | ||
1,500 | Parrish Plantation Community Development District, Manatee County, Florida, Special Assessment Revenue Bonds, Assessment Area 1, Series 2021, 4.000%, 5/01/52 | 5/31 at 100.00 | N/R | 1,586,820 | ||
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 | 1,565,025 | ||
300 | Summit View Community Development District, Florida, 5.000%, 5/01/41 (WI/DD, Settling 8/10/21) | No Opt. Call | N/R | 301,100 | ||
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+ | 5,039,464 | ||
425 | Tradition Community Development District 9, Port Saint Lucie, Florida, Special Assessment Bonds, Series 2021, 2.700%, 5/01/31 | No Opt. Call | N/R | 424,626 | ||
1,010 | Windward Community Development District, Florida, Special Assessment Bonds, Series 2020A-2, 4.400%, 11/01/35 | No Opt. Call | N/R | 1,108,849 | ||
143,690 | Total Florida | 146,168,551 | ||||
Guam – 0.7% (0.5% of Total Investments) | ||||||
Government of Guam, Business Privilege Tax Bonds, Refunding Series 2021F Forward Delivery: | ||||||
180 | 5.000%, 1/01/30 (WI/DD, Settling 10/07/21) | No Opt. Call | Ba1 | 229,266 | ||
180 | 5.000%, 1/01/31 (WI/DD, Settling 10/07/21) | No Opt. Call | Ba1 | 232,938 | ||
420 | 4.000%, 1/01/36 (WI/DD, Settling 10/07/21) | 1/31 at 100.00 | Ba1 | 493,387 | ||
415 | 4.000%, 1/01/42 (WI/DD, Settling 10/07/21) | 1/31 at 100.00 | Ba1 | 478,362 | ||
1,600 | Government of Guam, Hotel Occupancy Tax Revenue Bonds, Refunding Series 2021A, 5.000%, 11/01/40 | 5/31 at 100.00 | Ba1 | 2,023,072 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Guam (continued) | ||||||
Guam AB Won Pat International Airport Authority, Revenue Bonds, Series 2021A: | ||||||
$750 | 2.499%, 10/01/25 (WI/DD, Settling 8/17/21) | No Opt. Call | Baa2 | $767,700 | ||
835 | 2.899%, 10/01/27 (WI/DD, Settling 8/17/21) | No Opt. Call | Baa2 | 861,895 | ||
765 | 3.099%, 10/01/28 (WI/DD, Settling 8/17/21) | No Opt. Call | Baa2 | 796,013 | ||
450 | 4.460%, 10/01/43 (WI/DD, Settling 8/17/21) | 10/31 at 100.00 | Baa2 | 472,073 | ||
5,595 | Total Guam | 6,354,706 | ||||
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 | 1,669,415 | ||
270 | 4.000%, 7/01/34 (AMT) | 7/30 at 100.00 | Aa3 | 326,743 | ||
205 | 4.000%, 7/01/35 (AMT) | 7/30 at 100.00 | Aa3 | 247,644 | ||
430 | 4.000%, 7/01/36 (AMT) | 7/30 at 100.00 | Aa3 | 517,957 | ||
2,280 | Total Hawaii | 2,761,759 | ||||
Idaho – 0.1% (0.1% of Total Investments) | ||||||
Idaho Housing and Finance Association, Grant and Revenue Anticipation Bonds, Federal Highway Trust Funds, Series 2021A: | ||||||
645 | 4.000%, 7/15/38 | 7/31 at 100.00 | A2 | 789,990 | ||
500 | 4.000%, 7/15/39 | 7/31 at 100.00 | A2 | 610,770 | ||
1,145 | Total Idaho | 1,400,760 | ||||
Illinois – 9.1% (6.0% of Total Investments) | ||||||
3,000 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017C, 5.000%, 12/01/30 | 12/27 at 100.00 | BB | 3,709,680 | ||
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 | 5,780,700 | ||
10,000 | 5.250%, 12/01/49 (4) | 12/24 at 100.00 | AA | 11,561,400 | ||
3,825 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Series 2016D, 5.000%, 1/01/47 | 1/27 at 100.00 | A | 4,622,283 | ||
2,000 | Chicago, Illinois, General Obligation Bonds, Project Series 2011A, 5.000%, 1/01/40 | 8/21 at 100.00 | Ba1 | 2,019,260 | ||
Cook County, Illinois, General Obligation Bonds, Refunding Series 2021A: | ||||||
1,825 | 5.000%, 11/15/31 | 11/30 at 100.00 | A2 | 2,447,069 | ||
1,200 | 5.000%, 11/15/32 | 11/30 at 100.00 | A2 | 1,605,108 | ||
1,175 | 5.000%, 11/15/33 | 11/30 at 100.00 | A2 | 1,566,369 | ||
Cook County, Illinois, Sales Tax Revenue Bonds, Series 2021A: | ||||||
175 | 4.000%, 11/15/39 | 11/30 at 100.00 | AA- | 211,691 | ||
475 | 4.000%, 11/15/40 | 11/30 at 100.00 | AA- | 573,444 | ||
5,085 | DuPage County, Illinois, Revenue Bonds, Morton Arboretum Project, Green Series 2020, 3.000%, 5/15/47 | 5/30 at 100.00 | A1 | 5,321,351 | ||
250 | Illinois Finance Authority, Revenue Bonds, Acero Charter Schools, Inc, Series 2021, 4.000%, 10/01/42, 144A | 10/31 at 100.00 | BB+ | 282,740 | ||
875 | Illinois Finance Authority, Revenue Bonds, Lutheran Home and Services, Series 2019A, 5.000%, 11/01/49 | 11/26 at 103.00 | N/R | 995,102 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$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 | $10,766,700 | ||
4,400 | Illinois State, General Obligation Bonds, Build America Taxable Bonds, Series 2010-4, 7.100%, 7/01/35 | No Opt. Call | BBB- | 5,932,564 | ||
6,195 | Illinois State, General Obligation Bonds, Build America Taxable Bonds, Series 2010-5, 7.350%, 7/01/35 | No Opt. Call | BBB- | 8,165,196 | ||
Illinois State, General Obligation Bonds, March Series 2021A: | ||||||
375 | 4.000%, 3/01/39 | 3/31 at 100.00 | BBB- | 449,137 | ||
300 | 4.000%, 3/01/41 | 3/31 at 100.00 | BBB- | 356,805 | ||
5,000 | Illinois State, General Obligation Bonds, Taxable Build America Bonds, Series 2010-3, 6.725%, 4/01/35 | No Opt. Call | BBB- | 6,413,150 | ||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2022A: | ||||||
645 | 0.000%, 12/15/35 (WI/DD, Settling 3/17/22) | 12/31 at 90.33 | BB+ | 460,298 | ||
1,285 | 0.000%, 6/15/36 (WI/DD, Settling 3/17/22) | 12/31 at 89.03 | BB+ | 899,282 | ||
1,285 | 0.000%, 6/15/37 (WI/DD, Settling 3/17/22) | 12/31 at 86.57 | BB+ | 871,294 | ||
1,605 | 0.000%, 12/15/38 (WI/DD, Settling 3/17/22) | 12/31 at 82.94 | BB+ | 1,038,644 | ||
1,545 | 0.000%, 6/15/39 (WI/DD, Settling 3/17/22) | 12/31 at 81.66 | BB+ | 980,426 | ||
1,500 | 0.000%, 6/15/40 (WI/DD, Settling 3/17/22) | 12/31 at 79.15 | BB+ | 917,745 | ||
645 | 0.000%, 6/15/41 (WI/DD, Settling 3/17/22) | 12/31 at 76.71 | BB+ | 380,924 | ||
550 | 0.000%, 12/15/41 (WI/DD, Settling 3/17/22) | 12/31 at 75.58 | BB+ | 320,001 | ||
5,190 | Romeoville, Will County, Illinois, Revenue Bonds, Lewis University Project, Series 2015, 5.000%, 10/01/35 | 4/25 at 100.00 | BBB | 5,780,570 | ||
75,405 | Total Illinois | 84,428,933 | ||||
Indiana – 1.0% (0.7% 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 | 1,573,324 | ||
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 | 4,269,389 | ||
1,000 | Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2021A, 4.125%, 12/01/26 | No Opt. Call | B- | 1,094,670 | ||
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 | B- | 2,188,615 | ||
7,485 | Total Indiana | 9,125,998 | ||||
Kansas – 0.4% (0.3% of Total Investments) | ||||||
Kansas Development Finance Authority, Hospital Revenue Bonds, Advent Health Obligated Group, Series 2021B: | ||||||
750 | 5.000%, 11/15/54 (Mandatory Put 11/15/28) | No Opt. Call | AA | 977,618 | ||
1,570 | 5.000%, 11/15/54 (Mandatory Put 11/15/31) | No Opt. Call | AA | 2,170,572 | ||
985 | 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 | 1,040,524 | ||
3,305 | Total Kansas | 4,188,714 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kentucky – 1.6% (1.1% 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 | $3,228,150 | ||
3,255 | Carroll County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project, Refunding Series 2006B, 2.125%, 10/01/34 (AMT) | 6/31 at 100.00 | A | 3,412,347 | ||
4,310 | Carroll County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project, Series 2008A, 2.000%, 2/01/32 (AMT) | 6/31 at 100.00 | A | 4,517,699 | ||
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 | 3,059,849 | ||
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 | 1,045,170 | ||
14,080 | Total Kentucky | 15,263,215 | ||||
Louisiana – 2.1% (1.4% of Total Investments) | ||||||
1,150 | Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Lincoln Preparatory School Project, Series 2021A, 5.250%, 6/01/51, 144A | 6/31 at 100.00 | N/R | 1,283,630 | ||
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 | 5,784,524 | ||
2,145 | 4.000%, 5/15/49 (UB) (4) | 5/30 at 100.00 | A3 | 2,510,680 | ||
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- | 2,377,420 | ||
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Taxable Refunding Series 2021: | ||||||
2,000 | 2.839%, 6/01/41 – AGM Insured | 6/31 at 100.00 | BBB+ | 2,036,680 | ||
1,500 | 2.939%, 6/01/45 – AGM Insured | 6/31 at 100.00 | BBB+ | 1,519,815 | ||
1,100 | New Orleans, Louisiana, Water Revenue Bonds, Taxable Refunding Series 2021, 2.889%, 12/01/41 – AGM Insured | 12/31 at 100.00 | BBB+ | 1,134,386 | ||
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- | 2,706,540 | ||
17,250 | Total Louisiana | 19,353,675 | ||||
Maryland – 1.4% (1.0% 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 | 2,522,652 | ||
5,330 | 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 | 6,402,503 | ||
Maryland Department of Transportation, Special Transportation Project Revenue Bonds, Series 2021B: | ||||||
275 | 4.000%, 8/01/37 (AMT) | 8/31 at 100.00 | A | 335,943 | ||
305 | 4.000%, 8/01/38 (AMT) | 8/31 at 100.00 | A | 371,639 | ||
365 | 4.000%, 8/01/39 (AMT) | 8/31 at 100.00 | A | 442,442 | ||
915 | 4.000%, 8/01/40 (AMT) | 8/31 at 100.00 | A | 1,109,584 | ||
915 | 4.000%, 8/01/41 (AMT) | 8/31 at 100.00 | A | 1,103,737 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Maryland (continued) | ||||||
$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 | $1,156,740 | ||
11,305 | Total Maryland | 13,445,240 | ||||
Michigan – 0.8% (0.5% of Total Investments) | ||||||
5,000 | Detroit, Wayne County, Michigan, General Obligation Bonds, Financial Recovery Series 2014B-1, 4.000%, 4/01/44 | 8/21 at 100.00 | N/R | 4,876,000 | ||
16,110 | Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco Receipts, Series 2020B2-CL2, 0.010%, 6/01/65 | 12/30 at 18.38 | N/R | 2,196,276 | ||
21,110 | Total Michigan | 7,072,276 | ||||
Minnesota – 0.3% (0.2% 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 | 1,243,250 | ||
1,100 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Math & Science Academy Charter School Project, Series 2021A, 4.000%, 6/01/41, 144A | 6/29 at 102.00 | N/R | 1,149,082 | ||
2,240 | Total Minnesota | 2,392,332 | ||||
Missouri – 2.1% (1.4% of Total Investments) | ||||||
Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2021: | ||||||
100 | 4.000%, 3/01/41 | 3/31 at 100.00 | Ba1 | 117,046 | ||
310 | 3.000%, 3/01/46 | 3/31 at 100.00 | Ba1 | 326,132 | ||
80 | 4.000%, 3/01/46 | 3/31 at 100.00 | Ba1 | 92,682 | ||
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 | 1,156,353 | ||
4,940 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2020, 3.000%, 6/01/53 (UB) (4) | 6/30 at 100.00 | A+ | 5,269,152 | ||
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 | 3,989,750 | ||
Southeast Missouri State University, System Facilities Revenue Bonds, Refunding Series 2020: | ||||||
2,500 | 5.000%, 4/01/28 | No Opt. Call | A | 3,091,200 | ||
2,905 | 5.000%, 4/01/29 | No Opt. Call | A | 3,662,624 | ||
1,470 | 5.000%, 4/01/30 | No Opt. Call | A | 1,878,704 | ||
16,560 | Total Missouri | 19,583,643 | ||||
Nevada – 1.1% (0.7% 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 (4) | 6/30 at 100.00 | A1 | 6,523,722 | ||
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 | 2,177,300 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nevada (continued) | ||||||
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 | $496,030 | ||
1,150 | 4.125%, 6/01/50 | 6/30 at 100.00 | N/R | 1,259,917 | ||
9,520 | Total Nevada | 10,456,969 | ||||
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 | Baa3 | 1,361,913 | ||
New Jersey – 5.9% (3.9% of Total Investments) | ||||||
7,850 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Social Series 2021QQQ, 4.000%, 6/15/46 (UB) (4) | 12/30 at 100.00 | BBB | 9,293,144 | ||
9,500 | 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 (4) | 7/26 at 100.00 | BBB- | 10,534,835 | ||
1,000 | New Jersey State, General Obligation Bonds, Covid-19 Emergency Series 2020A, 3.000%, 6/01/32 | No Opt. Call | BBB+ | 1,157,510 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Forward Delivery Series 2022A: | ||||||
620 | 4.000%, 6/15/38 (WI/DD, Settling 4/27/22) | 6/32 at 100.00 | BBB | 721,290 | ||
770 | 4.000%, 6/15/39 (WI/DD, Settling 4/27/22) | 6/32 at 100.00 | BBB | 892,977 | ||
700 | 4.000%, 6/15/40 (WI/DD, Settling 4/27/22) | 6/32 at 100.00 | BBB | 809,046 | ||
640 | 4.000%, 6/15/41 (WI/DD, Settling 4/27/22) | 6/32 at 100.00 | BBB | 737,824 | ||
520 | 4.000%, 6/15/42 (WI/DD, Settling 4/27/22) | 6/32 at 100.00 | BBB | 597,459 | ||
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 | 27,520,291 | ||
545 | 4.000%, 6/15/50 (UB) (4) | 12/30 at 100.00 | BBB | 642,473 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2021A: | ||||||
935 | 4.000%, 6/15/34 | 6/31 at 100.00 | BBB | 1,138,185 | ||
385 | 4.000%, 6/15/35 | 6/31 at 100.00 | BBB | 467,837 | ||
440 | 4.000%, 6/15/36 | 6/31 at 100.00 | BBB | 533,284 | ||
49,895 | Total New Jersey | 55,046,155 | ||||
New Mexico – 0.8% (0.5% 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 | 7,262,990 | ||
New York – 20.2% (13.4% 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 | 6,876,600 | ||
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 | 5,256,450 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
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 | $1,432,419 | ||
3,000 | 5.000%, 6/01/55, 144A | 12/30 at 100.00 | N/R | 3,216,990 | ||
1,000 | Build NYC Resource Corporation, New York, Revenue Bonds, Shefa School, Series 2021A, 5.000%, 6/15/51, 144A (WI/DD, Settling 8/04/21) | 6/31 at 100.00 | N/R | 1,209,250 | ||
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 | 11,482,400 | ||
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 | 10,751,386 | ||
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020A Bidding Group 1 thru 5: | ||||||
7,775 | 3.000%, 3/15/38 | 9/30 at 100.00 | Aa2 | 8,637,014 | ||
20,000 | 3.000%, 3/15/50 (UB) (4) | 9/30 at 100.00 | Aa2 | 21,733,600 | ||
7,500 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2021C, 1.748%, 3/15/28 | No Opt. Call | AA+ | 7,661,100 | ||
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+ | 11,324,200 | ||
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+ | 783,676 | ||
2,200 | 3.000%, 12/01/40 | 12/30 at 100.00 | BBB+ | 2,394,216 | ||
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Refunding Series 2021A: | ||||||
1,000 | 3.000%, 1/01/34 – AGM Insured | 1/31 at 100.00 | BBB | 1,118,770 | ||
1,205 | 3.000%, 1/01/37 – AGM Insured | 1/31 at 100.00 | BBB | 1,332,658 | ||
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+ | 5,898,137 | ||
3,845 | 3.000%, 3/01/40 – AGM Insured (UB) (4) | 9/30 at 100.00 | BBB+ | 4,199,547 | ||
3,500 | 4.000%, 3/01/45 | 9/30 at 100.00 | Baa1 | 4,035,360 | ||
2,275 | 3.000%, 3/01/49 (UB) (4) | 9/30 at 100.00 | Baa1 | 2,365,977 | ||
330 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2021 Series DD, 5.000%, 6/15/29 | No Opt. Call | AA+ | 438,672 | ||
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2022 Subseries S-1A: | ||||||
925 | 4.000%, 7/15/34 | 7/31 at 100.00 | Aa3 | 1,159,719 | ||
1,385 | 4.000%, 7/15/35 | 7/31 at 100.00 | Aa3 | 1,730,267 | ||
1,155 | 4.000%, 7/15/36 | 7/31 at 100.00 | Aa3 | 1,437,247 | ||
1,155 | 4.000%, 7/15/37 | 7/31 at 100.00 | Aa3 | 1,432,674 | ||
575 | 4.000%, 7/15/40 | 7/31 at 100.00 | Aa3 | 706,830 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2022 Subseries S-1B: | ||||||
$10,165 | 1.350%, 7/15/27 | No Opt. Call | Aa3 | $10,276,408 | ||
1,535 | 1.570%, 7/15/28 | No Opt. Call | Aa3 | 1,559,406 | ||
500 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2021 Subseries F-1, 5.000%, 11/01/34 | 5/31 at 100.00 | Aa1 | 677,330 | ||
New York City, New York, General Obligation Bonds, Fiscal 2021 Series D: | ||||||
1,500 | 1.216%, 8/01/26 | No Opt. Call | AA- | 1,514,145 | ||
1,000 | 1.623%, 8/01/28 | No Opt. Call | AA- | 1,014,470 | ||
1,410 | 2.223%, 8/01/35 | No Opt. Call | AA- | 1,429,458 | ||
1,790 | New York City, New York, General Obligation Bonds, Fiscal 2021 Series E, 1.623%, 8/01/28 | No Opt. Call | AA- | 1,815,901 | ||
4,000 | New York Counties Tobacco Trust IV, Tobacco Settlement Pass-Through Bonds, Turbo Term Series 2005A, 5.000%, 6/01/42 | 8/21 at 100.00 | B- | 4,044,440 | ||
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 | 3,330,000 | ||
7,500 | New York State, General Obligation Bonds, Taxable Series 2021B, 1.940%, 3/15/31 | No Opt. Call | Aa2 | 7,775,925 | ||
180 | New York Transportation Development Corporation, New York, Facility Revenue Bonds, Thruway Service Areas Project, Series 2021, 4.000%, 10/31/41 (AMT) | 10/31 at 100.00 | BBB- | 215,361 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Series 2020: | ||||||
12,210 | 5.250%, 8/01/31 (AMT) | 8/30 at 100.00 | B- | 14,881,060 | ||
3,400 | 5.375%, 8/01/36 (AMT) | 8/30 at 100.00 | B- | 4,388,856 | ||
515 | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Series 2021, 2.250%, 8/01/26 (AMT) | No Opt. Call | B | 534,776 | ||
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 | 1,201,200 | ||
1,000 | New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2020, 4.000%, 10/01/30 (AMT) | No Opt. Call | BB+ | 1,215,650 | ||
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+ | 2,600,290 | ||
2,350 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Twenty-Third Series 2021, 4.000%, 7/15/40 (AMT) | 7/31 at 100.00 | A+ | 2,859,715 | ||
5,000 | Syracuse Industrial Development Authority, New York, PILOT Revenue Bonds, Carousel Center Project, Taxable Series 2007B, 5.693%, 1/01/28 – SYNCORA GTY Insured, 144A | No Opt. Call | CC | 5,055,300 | ||
2,390 | 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+ | 3,141,727 | ||
169,000 | Total New York | 188,146,577 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
North Carolina – 0.1% (0.0% of Total Investments) | ||||||
$415 | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, The Forest at Duke, Inc, Series 2021, 4.000%, 9/01/41 | 9/28 at 103.00 | BBB | $490,049 | ||
Ohio – 7.1% (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 | 266,325 | ||
1,500 | 4.000%, 11/15/38 (UB) (4) | 11/30 at 100.00 | Baa2 | 1,806,090 | ||
10,325 | 3.000%, 11/15/40 (UB) (4) | 11/30 at 100.00 | Baa2 | 10,873,051 | ||
7,750 | 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+ | 8,251,192 | ||
9,140 | 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 | 10,757,323 | ||
Cleveland, Ohio, General Obligation Bonds, Various Purpose Refunding Series 2021A: | ||||||
315 | 2.000%, 12/01/27 | No Opt. Call | A1 | 338,171 | ||
220 | 3.000%, 12/01/29 | No Opt. Call | A1 | 254,107 | ||
580 | 3.000%, 12/01/30 | 6/30 at 100.00 | A1 | 668,711 | ||
485 | 3.000%, 12/01/31 | 6/30 at 100.00 | A1 | 553,778 | ||
485 | 3.000%, 12/01/32 | 6/30 at 100.00 | A1 | 548,952 | ||
485 | 3.000%, 12/01/33 | 6/30 at 100.00 | A1 | 545,373 | ||
605 | 3.000%, 12/01/34 | 6/30 at 100.00 | A1 | 675,779 | ||
485 | 3.000%, 12/01/35 | 6/30 at 100.00 | A1 | 539,364 | ||
480 | 3.000%, 12/01/36 | 6/30 at 100.00 | A1 | 531,979 | ||
125 | Montgomery County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Network Obligated Group Project, Refunding & Improvement Series 2021, 4.000%, 8/01/41 | 2/31 at 100.00 | A2 | 152,283 | ||
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- | 2,948,000 | ||
750 | Ohio Higher Educational Facility Commission, Senior Hospital Parking Revenue Bonds, University Circle Incorporated 2020 Project, Series 2020, 5.000%, 1/15/50 | 1/30 at 100.00 | A3 | 926,070 | ||
21,000 | 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 | 24,540,390 | ||
1,000 | Southern Ohio Port Authority, Ohio, Facility Revenue Bonds, Purecycle Project, Series 2020B, 10.000%, 12/01/27 (AMT), 144A | 12/26 at 105.00 | N/R | 1,201,880 | ||
58,450 | Total Ohio | 66,378,818 | ||||
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 | 995,010 | ||
Oregon – 0.6% (0.4% of Total Investments) | ||||||
5,000 | Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Taxable Refunding Senior Lien Series 2020B, 1.330%, 11/15/28 (4) | No Opt. Call | Aa1 | 5,000,600 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oregon (continued) | ||||||
$725 | Oregon State, General Obligation Bonds, Article XI-Q State Projects, Taxable Sustainability Green Series 2021C, 1.528%, 5/01/28 | No Opt. Call | AA+ | $737,354 | ||
250 | Oregon State, General Obligation Bonds, Article XI-Q State Projects, Taxable Various Series 2021B, 1.528%, 5/01/28 | No Opt. Call | AA+ | 254,748 | ||
5,975 | Total Oregon | 5,992,702 | ||||
Pennsylvania – 2.5% (1.7% 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 | B- | 6,128,350 | ||
980 | 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 | 1,247,089 | ||
500 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Generation Project, Series 2008B, 3.750%, 10/01/47 (Mandatory Put 4/01/21) | 4/31 at 100.00 | N/R | 541,610 | ||
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 | 1,144,300 | ||
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 | 2,490,700 | ||
Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Junior Guaranteed Series 2013B: | ||||||
995 | 0.000%, 1/01/45 – BAM Insured | No Opt. Call | A2 | 570,891 | ||
940 | 0.000%, 1/01/46 – BAM Insured | No Opt. Call | A2 | 526,475 | ||
1,025 | 0.000%, 1/01/47 – BAM Insured | No Opt. Call | A2 | 560,521 | ||
2,500 | Pennsylvania Economic Development Financing Authority, Private Activity Revenue Bonds, Pennsylvania Rapid Bridge Replacement Project, Series 2015, 5.000%, 12/31/34 (AMT) | 6/26 at 100.00 | BBB | 2,940,125 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A: | ||||||
890 | 4.000%, 12/01/38 | 12/31 at 100.00 | A3 | 1,092,297 | ||
1,000 | 4.000%, 12/01/39 | 12/31 at 100.00 | A3 | 1,223,940 | ||
1,110 | 4.000%, 12/01/40 | 12/31 at 100.00 | A3 | 1,355,599 | ||
1,175 | 4.000%, 12/01/41 | 12/31 at 100.00 | A3 | 1,430,927 | ||
1,335 | 4.000%, 12/01/42 | 12/31 at 100.00 | A3 | 1,620,971 | ||
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+ | 587,770 | ||
20,950 | Total Pennsylvania | 23,461,565 | ||||
Puerto Rico – 7.6% (5.0% of Total Investments) | ||||||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A: | ||||||
5,020 | 5.125%, 7/01/37 | 7/22 at 100.00 | CCC | 5,242,536 | ||
2,000 | 6.000%, 7/01/47 | 7/22 at 100.00 | CCC | 2,104,580 | ||
7,450 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012B, 5.000%, 7/01/23 | 8/21 at 100.00 | CCC | 7,474,138 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Puerto Rico (continued) | ||||||
$8,000 | Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010XX, 5.250%, 7/01/40 (6) | 8/21 at 100.00 | D | $7,880,000 | ||
3,000 | Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2005L, 5.250%, 7/01/38 – AMBAC Insured | No Opt. Call | N/R | 3,269,670 | ||
4,586 | Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Bonds, Series 2007M2, 1.850%, 7/01/34 (6) | 8/21 at 100.00 | N/R | 5,250,970 | ||
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 | 6,729,000 | ||
35,000 | 0.000%, 7/01/51 | 7/28 at 30.01 | N/R | 8,519,700 | ||
5,514 | 4.750%, 7/01/53 | 7/28 at 100.00 | N/R | 6,340,604 | ||
2,500 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 2,921,325 | ||
17,000 | Puerto Rico, General Obligation Bonds, Public Improvement, Series 2014A, 1.990%, 7/01/35 (6) | 8/21 at 100.00 | D | 14,535,000 | ||
110,070 | Total Puerto Rico | 70,267,523 | ||||
South Carolina – 0.3% (0.2% of Total Investments) | ||||||
1,000 | South Carolina Jobs Economic Development Authority, Educational Facilities Revenue Bonds, Hoese Creek Academy Project, Series 2021A, 5.000%, 11/15/55, 144A | 11/26 at 100.00 | N/R | 1,032,700 | ||
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 | 1,087,790 | ||
250 | South Carolina Jobs-Economic Development Authority, Retirement Community Revenue Notes, Kiawah Life Plan Village, Inc Project, Series 2021A, 8.750%, 7/01/25 (WI/DD, Settling 8/16/21) | No Opt. Call | N/R | 249,640 | ||
2,250 | Total South Carolina | 2,370,130 | ||||
South Dakota – 0.5% (0.3% 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 | 2,293,305 | ||
1,800 | 4.000%, 9/01/50 (UB) (4) | 9/30 at 100.00 | A1 | 2,102,832 | ||
3,945 | Total South Dakota | 4,396,137 | ||||
Tennessee – 0.4% (0.3% of Total Investments) | ||||||
New Memphis Arena Public Building Authority, Memphis and Shelby County, Tennessee, Local Government Public Improvement Bonds, Capital Appreciation Series 2021: | ||||||
1,250 | 0.000%, 4/01/32 | 4/31 at 98.30 | AA | 1,059,687 | ||
1,250 | 0.000%, 4/01/35 | 4/31 at 92.42 | AA | 969,562 | ||
1,250 | 0.000%, 4/01/36 | 4/31 at 90.26 | AA | 937,613 | ||
1,250 | 0.000%, 4/01/38 | 4/31 at 85.68 | AA | 885,113 | ||
5,000 | Total Tennessee | 3,851,975 | ||||
Texas – 5.6% (3.7% 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 | BB+ | 876,367 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Austin, Texas, Rental Car Special Facility Revenue Bonds, Taxable Refunding Series 2021: | ||||||
$500 | 1.027%, 11/15/26 – AGM Insured | No Opt. Call | A- | $499,125 | ||
625 | 1.325%, 11/15/27 – AGM Insured | No Opt. Call | A- | 627,069 | ||
500 | 1.710%, 11/15/29 – AGM Insured | No Opt. Call | A- | 505,855 | ||
Carrollton-Farmers Branch Independent School District, Dallas County, Texas, General Obligation Bonds, School Building Series 2021: | ||||||
190 | 3.000%, 2/15/37 | 2/30 at 100.00 | AAA | 217,780 | ||
175 | 3.000%, 2/15/38 | 2/30 at 100.00 | AAA | 200,127 | ||
145 | 3.000%, 2/15/39 | 2/30 at 100.00 | AAA | 165,420 | ||
115 | 3.000%, 2/15/40 | 2/30 at 100.00 | AAA | 130,945 | ||
1,000 | Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2021B, 4.000%, 1/01/41 | 1/31 at 100.00 | Baa1 | 1,205,770 | ||
460 | Eagle Pass, Texas, Combination Tax and Limited Pledge Revenue Certificates of Obligation, Series 2021, 4.000%, 3/01/38 – AGM Insured | 3/31 at 100.00 | AA | 564,402 | ||
1,000 | Flower Mound, Texas, Special Assessment Revenue Bonds, River Walk Public Improvement District 1, Refunding Series 2021, 3.500%, 9/01/36, 144A | 9/31 at 100.00 | N/R | 1,017,000 | ||
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 | 1,268,532 | ||
Houston Community College System, Texas, General Obligation Bonds, Taxable Refunding Limited Tax Series 2021B: | ||||||
1,000 | 2.059%, 2/15/36 | 2/31 at 100.00 | AA+ | 1,009,170 | ||
750 | 2.109%, 2/15/37 | 2/31 at 100.00 | AA+ | 755,467 | ||
750 | 2.209%, 2/15/38 | 2/31 at 100.00 | AA+ | 757,522 | ||
750 | 2.259%, 2/15/39 | 2/31 at 100.00 | AA+ | 756,630 | ||
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 | 1,040,150 | ||
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2021: | ||||||
1,625 | 5.000%, 5/15/38 | 5/30 at 100.00 | A | 2,115,766 | ||
1,665 | 5.000%, 5/15/39 | 5/30 at 100.00 | A | 2,162,802 | ||
2,625 | 5.000%, 5/15/40 | 5/30 at 100.00 | A | 3,390,949 | ||
375 | 5.000%, 5/15/41 | 5/30 at 100.00 | A | 482,899 | ||
500 | Marble Falls, Burnet County, Texas, Special Assessment Revenue Bonds, Thunder Rock Public Improvement District Improvement Area 1 Project, Series 2021, 4.125%, 9/01/41, 144A (WI/DD, Settling 8/17/21) | 9/31 at 100.00 | N/R | 500,805 | ||
625 | McLendon-Chisholm, Texas, Special Assessment Revenue Bonds, Sonoma Public Improvement District Improvement Area 3 Project, Series 2021, 3.625%, 9/15/41, 144A | 9/31 at 100.00 | N/R | 636,662 | ||
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+ | 4,733,197 | ||
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 | 2,166,054 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
San Antonio, Texas, Electric and Gas Systems Revenue Bonds, Refunding Junior Lien Series 2021A: | ||||||
$805 | 5.000%, 2/01/32 | 2/31 at 100.00 | A+ | $1,091,499 | ||
1,410 | 5.000%, 2/01/33 | 2/31 at 100.00 | A+ | 1,902,414 | ||
1,520 | 5.000%, 2/01/34 | 2/31 at 100.00 | A+ | 2,040,600 | ||
1,885 | 5.000%, 2/01/35 | 2/31 at 100.00 | A+ | 2,524,241 | ||
1,875 | 5.000%, 2/01/36 | 2/31 at 100.00 | A+ | 2,501,644 | ||
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 | 473,648 | ||
350 | 3.422%, 9/01/50 – AGM Insured | 9/30 at 100.00 | A2 | 363,160 | ||
2,500 | Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Refunding Series 2021, 5.000%, 12/15/27 | No Opt. Call | BBB+ | 3,138,125 | ||
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- | 3,187,718 | ||
1,540 | 4.000%, 6/30/36 | 12/30 at 100.00 | BBB- | 1,859,458 | ||
2,195 | 4.000%, 12/31/37 | 12/30 at 100.00 | BBB- | 2,642,319 | ||
2,000 | 4.000%, 6/30/40 | 12/30 at 100.00 | BBB- | 2,385,120 | ||
43,695 | Total Texas | 51,896,411 | ||||
Utah – 0.4% (0.3% of Total Investments) | ||||||
500 | Red Bridge Public Infrastructure District 1, Utah, Limited Tax General Obligation Bonds, Series 2021A, 4.125%, 2/01/41, 144A | 2/26 at 103.00 | N/R | 520,105 | ||
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 | 1,042,280 | ||
1,000 | Utah Charter School Finance Authority, Charter School Revenue Bonds, Providence Hall Projects, Refunding Serier 2021A, 4.000%, 10/15/51 | 10/31 at 100.00 | Aa2 | 1,184,040 | ||
Utah Infrastructure Agency, Telecommunications Revenue Bonds, Series 2021: | ||||||
375 | 4.000%, 10/15/41 | 4/31 at 100.00 | BBB- | 439,654 | ||
500 | 3.000%, 10/15/45 | 4/31 at 100.00 | BBB- | 521,530 | ||
Vineyard Redevelopment Agency, Utah, Tax Increment Revenue Bonds, Refunding Series 2021: | ||||||
60 | 4.000%, 5/01/36 – AGM Insured (WI/DD, Settling 8/10/21) | 5/31 at 100.00 | AA | 72,829 | ||
95 | 4.000%, 5/01/38 – AGM Insured (WI/DD, Settling 8/10/21) | 5/31 at 100.00 | AA | 114,669 | ||
3,530 | Total Utah | 3,895,107 | ||||
Virginia – 3.6% (2.4% of Total Investments) | ||||||
7,500 | Hampton Roads Transportation Accountability Commision, Virginia, Revenue Bonds, Hampton Roads Transportation Fund, Senior Lien Series 2020A, 5.250%, 7/01/60 | 7/30 at 100.00 | AA | 9,796,500 | ||
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- | 12,741,007 |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$1,510 | Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds, Refunding Senior Lien Series 2007A, 6.706%, 6/01/46 | 6/25 at 100.00 | B- | $1,607,486 | ||
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 | 3,636,120 | ||
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 | 1,456,397 | ||
2,380 | 4.000%, 1/01/51 | 7/27 at 103.00 | A | 2,699,443 | ||
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 | 10/30 at 120.40 | N/R | 1,307,390 | ||
27,420 | Total Virginia | 33,244,343 | ||||
Washington – 0.1% (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 | 1,412,766 | ||
West Virginia – 0.6% (0.4% 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 | 4,185,280 | ||
1,000 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Arch Resources Project, Series 2021, 4.125%, 7/01/45 (AMT) (Mandatory Put 7/01/25) | 1/25 at 100.00 | B | 1,068,350 | ||
5,000 | Total West Virginia | 5,253,630 | ||||
Wisconsin – 4.0% (2.6% 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 | 6,903,911 | ||
1,000 | Public Finance Authority of Wisconsin, Education Revenue Bonds, The Capitol Encore Academy, Series 2021A, 5.000%, 6/01/56, 144A | 6/28 at 100.00 | N/R | 1,060,400 | ||
1,000 | Public Finance Authority of Wisconsin, Educational Facility Revenue Bonds, LEAD Academy Project, Series 2021, 5.000%, 8/01/51, 144A | 8/28 at 100.00 | N/R | 1,056,730 | ||
Public Finance Authority of Wisconsin, Health Care Facilities Revenue Bonds, Appalachian Regional Healthcare System Obligated Group, Series 2021A: | ||||||
300 | 5.000%, 7/01/35 | 1/31 at 100.00 | BBB | 391,911 | ||
190 | 5.000%, 7/01/38 | 1/31 at 100.00 | BBB | 246,172 | ||
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+ | 2,202,826 | ||
5,415 | 3.000%, 6/01/45 – AGM Insured (UB) (4) | 6/30 at 100.00 | A+ | 5,907,440 | ||
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 | 5,852,200 | ||
200 | Public Finance Authority of Wisconsin, Revenue Bonds, Wonderful Foundations Charter School WFCS Portfolio Projects, Senior Series 2021A-1, 5.000%, 1/01/56, 144A | 1/31 at 100.00 | N/R | 237,450 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Gundersen Health System, Refunding Series 2021A: | ||||||
$205 | 3.000%, 10/15/37 (WI/DD, Settling 8/12/21) | 10/31 at 100.00 | AA- | $227,720 | ||
7,530 | 3.000%, 10/15/38 (WI/DD, Settling 8/12/21) | 10/31 at 100.00 | AA- | 8,320,123 | ||
4,120 | 3.000%, 10/15/39 (WI/DD, Settling 8/12/21) | 10/31 at 100.00 | AA- | 4,531,629 | ||
33,345 | Total Wisconsin | 36,938,512 | ||||
$1,331,558 | Total Municipal Bonds (cost $1,317,017,209) | 1,400,550,675 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
CORPORATE BONDS – 0.2% (0.1% of Total Investments) | ||||||
Real Estate – 0.1% (0.1% of Total Investments) | ||||||
$1,000 | Benloch Ranch Improvement Association No 1 | 9.750% | 12/01/39 | N/R | $1,098,240 | |
Utilities – 0.1% (0.0% of Total Investments) | ||||||
1,500 | Talen Energy Supply LLC | 6.000% | 12/15/36 | B3 | 735,000 | |
$2,500 | Total Corporate Bonds (cost $1,762,433) | 1,833,240 | ||||
Total Long-Term Investments (cost $1,318,779,642) | 1,402,383,915 | |||||
Floating Rate Obligations – (22.0)% | (204,590,000) | |||||
Borrowings – (20.6)% (7), (8) | (191,900,000) | |||||
Reverse Repurchase Agreements, including accrued interest – (4.8)% (9) | (44,811,163) | |||||
Other Assets Less Liabilities – (3.3)% (10) | (30,623,530) | |||||
Net Assets Applicable to Common Shares – 100% | $930,459,222 |
Futures Contracts - Short | ||||||
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable/ (Payable) |
U.S. Treasury 10-Year Note | (489) | 09/21 | $(64,419,123) | $(65,747,578) | $(1,328,455) | $(114,609) |
U.S. Treasury Ultra Bond | (202) | 09/21 | (31,581,546) | (33,273,188) | (1,691,642) | (113,625) |
U.S. Treasury Long Bond | (152) | 09/21 | (28,087,621) | (30,328,750) | (2,241,129) | (123,500) |
Total | $(124,088,290) | $(129,349,516) | $(5,261,226) | $(351,734) |
NDMO | Nuveen Dynamic Municipal Opportunities Fund (continued) |
Portfolio of Investments July 31, 2021 | |
(Unaudited) |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $1,400,550,675 | $ — | $1,400,550,675 |
Corporate Bonds | — | 1,833,240 | — | 1,833,240 |
Investments in Derivatives: | ||||
Futures Contracts* | (5,261,226) | — | — | (5,261,226) |
Total | $(5,261,226) | $1,402,383,915 | $ — | $1,397,122,689 |
* | Represents net unrealized appreciation (depreciation). |
(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 inverse floating rate transactions and/or reverse repurchase agreements. As of the end of the reporting period, investments with a value of $52,244,363 have been pledged as collateral for reverse repurchase agreements. | |
(5) | Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. | |
(6) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(7) | Borrowings as a percentage of Total Investments is 13.7%. | |
(8) | The Fund segregates 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives, when applicable) in the Portfolio of Investments as collateral for borrowings. | |
(9) | Reverse Repurchase Agreements as a percentage of Total Investments is 3.2%. | |
(10) | 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 | |
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. |