4
|
|
5
|
|
9
|
|
10
|
|
12
|
|
20
|
|
78
|
|
79
|
|
80
|
|
82
|
|
84
|
|
88
|
|
102
|
|
103
|
|
104
|
|
105
|
As of April 30, 2021, the Funds’ percentages of leverage are as shown in the accompanying table.
|
|
|
|
|
NUV
|
NUW
|
NMI
|
NEV
|
Effective Leverage*
|
1.32%
|
1.35%
|
0.00%
|
33.11%
|
*
|
Effective Leverage is a Fund’s effective economic leverage, and includes both regulatory leverage and the leverage effects of certain derivative and other investments in a Fund’s portfolio that increase the Fund’s investment exposure.
Currently, the leverage effects of Tender Option Bond (TOB) inverse floater holdings are included in effective leverage values. A Fund, however, may from time to time borrow on a typically transient basis in connection with its day-to-day
operations, primarily in connection with the need to settle portfolio trades. Such incidental borrowings are excluded from the calculation of a Fund’s effective leverage ratio.
|
|
|
Per Common Share Amounts
|
|
|
Monthly Distributions (Ex-Dividend Date)
|
NUV
|
NUW
|
NMI
|
NEV
|
November 2020
|
$0.0310
|
$0.0390
|
$0.0330
|
$0.0610
|
December
|
0.0310
|
0.0390
|
0.0330
|
0.0610
|
January
|
0.0310
|
0.0390
|
0.0330
|
0.0610
|
February
|
0.0310
|
0.0390
|
0.0330
|
0.0610
|
March
|
0.0310
|
0.0390
|
0.0330
|
0.0610
|
April 2021
|
0.0310
|
0.0390
|
0.0330
|
0.0610
|
Total Distributions from Net Investment Income
|
$0.1860
|
$0.2340
|
$0.1980
|
$0.3660
|
Total Distributions from Long Term Capital Gains*
|
$ —
|
$ —
|
$ —
|
$0.2340
|
Total Distributions
|
$0.1860
|
$0.2340
|
$0.1980
|
$0.6000
|
|
||||
Yields
|
|
|
|
|
Market Yield**
|
3.30%
|
2.79%
|
3.43%
|
4.25%
|
Taxable-Equivalent Yield**
|
5.54%
|
4.61%
|
5.74%
|
7.05%
|
*
|
Distribution paid in December 2020.
|
**
|
Market Yield is based on the Fund’s current annualized monthly dividend divided by the Fund’s current market price as of the end of the reporting period. Taxable-Equivalent Yield represents the yield that must be earned on a fully
taxable investment in order to equal the yield of the Fund on an after-tax basis. It is based on a federal income tax rate of 40.8%. Your actual federal income tax rate may differ from the assumed rate. The Taxable-Equivalent Yield also
takes into account the percentage of the Fund’s income generated and paid by the Fund (based on payments made during the previous calendar year) that was not exempt from federal income tax. Separately, if the comparison were instead to
investments that generate qualified dividend income, which is taxable at a rate lower than an individual’s ordinary graduated tax rate, the fund’s Taxable-Equivalent Yield would be lower.
|
|
NUW
|
NMI
|
Additional authorized common shares
|
1,500,000
|
2,200,000
|
|
NMI
|
Common shares sold through shelf offering
|
256,675
|
Weighted average premium to NAV per common share sold
|
1.77%
|
|
NUV
|
NUW
|
NMI
|
NEV
|
Common shares cumulatively repurchased and retired
|
—
|
—
|
—
|
—
|
Common shares authorized for repurchase
|
20,695,000
|
1,550,000
|
915,000
|
2,495,000
|
During the current reporting period, the Funds did not repurchase any of their outstanding common shares.
|
|
|
|
NUV
|
NUW
|
NMI
|
NEV
|
Common share NAV
|
$10.71
|
$17.45
|
$11.36
|
$15.78
|
Common share price
|
$11.27
|
$16.75
|
$11.56
|
$17.23
|
Premium/(Discount) to NAV
|
5.23%
|
(4.01)%
|
1.76%
|
9.19%
|
Average premium/(discount) to NAV
|
3.98%
|
(5.00)%
|
0.64%
|
2.77%
|
Nuveen Municipal Value Fund, Inc.
|
|
|
Performance Overview and Holding Summaries as of April 30, 2021
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.
|
|
|
Average Annual Total Returns as of April 30, 2021
|
|
|
|
|
|
||||
|
Cumulative
|
Average Annual
|
||
|
6-Month
|
1-Year
|
5-Year
|
10-Year
|
NUV at Common Share NAV
|
3.98%
|
10.59%
|
4.20%
|
5.78%
|
NUV at Common Share Price
|
6.07%
|
21.59%
|
5.28%
|
6.57%
|
S&P Municipal Bond Index
|
2.42%
|
7.40%
|
3.46%
|
4.51%
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
100.0%
|
Other Assets Less Liabilities
|
1.3%
|
Net Assets Plus Floating Rate
|
|
Obligations
|
|
Floating Rate Obligations
|
(1.3)%
|
Net Assets
|
100%
|
Portfolio Credit Quality
|
|
(% of total investment exposure)
|
|
U.S. Guaranteed
|
10.7%
|
AAA
|
5.9%
|
AA
|
31.8%
|
A
|
24.7%
|
BBB
|
19.2%
|
BB or Lower
|
2.5%
|
N/R (not rated)
|
5.2%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Tax Obligation/Limited
|
26.2%
|
Transportation
|
21.3%
|
Tax Obligation/General
|
13.0%
|
Utilities
|
11.9%
|
U.S. Guaranteed
|
11.1%
|
Health Care
|
8.3%
|
Other
|
8.2%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
Texas
|
15.1%
|
Illinois
|
12.2%
|
California
|
8.4%
|
Colorado
|
7.2%
|
New York
|
6.7%
|
New Jersey
|
4.7%
|
Ohio
|
3.7%
|
Florida
|
3.7%
|
Washington
|
3.2%
|
Nevada
|
2.8%
|
Michigan
|
2.8%
|
Georgia
|
2.3%
|
District of Columbia
|
2.2%
|
South Carolina
|
1.8%
|
Kentucky
|
1.8%
|
Indiana
|
1.8%
|
Other1
|
19.6%
|
Total
|
100%
|
1
|
See Portfolio of Investments for details on “other” States and Territories.
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
|
|
Performance Overview and Holding Summaries as of April 30, 2021
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.
|
|
|
Average Annual Total Returns as of April 30, 2021
|
|
|
|
|
|
Cumulative
|
Average Annual
|
||
|
6-Month
|
1-Year
|
5-Year
|
10-Year
|
NUW at Common Share NAV
|
5.22%
|
13.73%
|
4.17%
|
5.94%
|
NUW at Common Share Price
|
4.80%
|
18.98%
|
3.22%
|
5.90%
|
S&P Municipal Bond Index
|
2.42%
|
7.40%
|
3.46%
|
4.51%
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
99.3%
|
Common Stocks
|
0.1%
|
Short-Term Municipal Bonds
|
0.1%
|
Other Assets Less Liabilities
|
1.5%
|
Net Assets Plus Floating Rate
|
|
Obligations
|
101.0%
|
Floating Rate Obligations
|
(1.0)%
|
Net Assets
|
100%
|
Portfolio Credit Quality
|
|
(% of total investment exposure)
|
|
U.S. Guaranteed
|
2.5%
|
AAA
|
7.5%
|
AA
|
35.0%
|
A
|
25.1%
|
BBB
|
21.3%
|
BB or Lower
|
2.3%
|
N/R (not rated)
|
6.2%
|
N/A (not applicable)
|
0.1%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Tax Obligation/Limited
|
23.9%
|
Utilities
|
19.9%
|
Tax Obligation/General
|
15.7%
|
Transportation
|
13.8%
|
Health Care
|
10.5%
|
Education and Civic Organizations
|
5.1%
|
Other
|
11.1%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
California
|
12.4%
|
Texas
|
10.4%
|
New Jersey
|
8.8%
|
Illinois
|
8.2%
|
New York
|
6.0%
|
Colorado
|
5.4%
|
Pennsylvania
|
5.4%
|
Nevada
|
5.4%
|
Washington
|
4.4%
|
Florida
|
3.9%
|
Kentucky
|
3.5%
|
Maryland
|
3.1%
|
Georgia
|
2.9%
|
Puerto Rico
|
2.8%
|
Other1
|
17.4%
|
Total
|
100%
|
1
|
See Portfolio of Investments for details on “other” States and Territories.
|
NMI
|
Nuveen Municipal Income Fund, Inc.
|
|
Performance Overview and Holding Summaries as of April 30, 2021
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.
|
|
|
Average Annual Total Returns as of April 30, 2021
|
|
|
|
|
|
Cumulative
|
Average Annual
|
||
|
6-Month
|
1-Year
|
5-Year
|
10-Year
|
NMI at Common Share NAV
|
4.34%
|
11.55%
|
3.61%
|
5.70%
|
NMI at Common Share Price
|
4.01%
|
16.73%
|
2.94%
|
6.33%
|
S&P Municipal Bond Index
|
2.42%
|
7.40%
|
3.46%
|
4.51%
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
97.6%
|
Other Assets Less Liabilities
|
2.4%
|
Net Assets
|
100%
|
Portfolio Credit Quality
|
|
(% of total investment exposure)
|
|
U.S. Guaranteed
|
10.5%
|
AAA
|
0.5%
|
AA
|
20.3%
|
A
|
35.4%
|
BBB
|
20.5%
|
BB or Lower
|
4.5%
|
N/R (not rated)
|
8.3%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Health Care
|
24.0%
|
Tax Obligation/General
|
15.3%
|
Tax Obligation/Limited
|
14.4%
|
Transportation
|
12.4%
|
U.S. Guaranteed
|
10.5%
|
Education and Civic Organizations
|
9.4%
|
Utilities
|
5.7%
|
Other
|
8.3%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
California
|
14.8%
|
Illinois
|
11.0%
|
Colorado
|
10.4%
|
Texas
|
5.3%
|
Florida
|
5.2%
|
Wisconsin
|
4.6%
|
Missouri
|
3.8%
|
Michigan
|
3.5%
|
Ohio
|
3.5%
|
New Jersey
|
3.0%
|
Indiana
|
3.0%
|
Georgia
|
2.8%
|
Pennsylvania
|
2.7%
|
Louisiana
|
2.4%
|
Arizona
|
2.4%
|
North Carolina
|
2.4%
|
Other1
|
19.2%
|
Total
|
100%
|
1
|
See Portfolio of Investments for details on “other” States and Territories.
|
NEV
|
Nuveen Enhanced Municipal Value Fund
|
|
Performance Overview and Holding Summaries as of April 30, 2021
|
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.
|
|
|
Average Annual Total Returns as of April 30, 2021
|
|
|
|
|
|
Cumulative
|
Average Annual
|
||
|
6-Month
|
1-Year
|
5-Year
|
10-Year
|
NEV at Common Share NAV
|
8.95%
|
20.51%
|
5.37%
|
8.03%
|
NEV at Common Share Price
|
22.47%
|
42.43%
|
7.10%
|
9.63%
|
S&P Municipal Bond Index
|
2.42%
|
7.40%
|
3.46%
|
4.51%
|
Fund Allocation
|
|
(% of net assets)
|
|
Long-Term Municipal Bonds
|
129.6%
|
Common Stocks
|
1.9%
|
Other Assets Less Liabilities
|
2.1%
|
Net Assets Plus Floating Rate
|
|
Obligations
|
133.6%
|
Floating Rate Obligations
|
(33.6)%
|
Net Assets
|
100%
|
Portfolio Credit Quality
|
|
(% of total investment exposure)
|
|
U.S. Guaranteed
|
8.5%
|
AAA
|
1.2%
|
AA
|
23.8%
|
A
|
15.8%
|
BBB
|
30.8%
|
BB or Lower
|
9.2%
|
N/R (not rated)
|
9.4%
|
N/A (not applicable)
|
1.3%
|
Total
|
100%
|
Portfolio Composition
|
|
(% of total investments)
|
|
Tax Obligation/Limited
|
24.8%
|
Health Care
|
19.2%
|
Transportation
|
16.3%
|
Tax Obligation/General
|
12.4%
|
Utilities
|
6.8%
|
Education and Civic Organizations
|
6.3%
|
Other
|
14.2%
|
Total
|
100%
|
States and Territories
|
|
(% of total municipal bonds)
|
|
Illinois
|
15.0%
|
New Jersey
|
10.8%
|
California
|
7.8%
|
Florida
|
7.7%
|
New York
|
7.5%
|
Wisconsin
|
6.6%
|
Pennsylvania
|
5.6%
|
Ohio
|
5.3%
|
Louisiana
|
4.8%
|
Guam
|
4.4%
|
Texas
|
2.6%
|
Puerto Rico
|
2.5%
|
Other1
|
19.4%
|
Total
|
100%
|
1
|
See Portfolio of Investments for details on “other” States and Territories.
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
LONG-TERM INVESTMENTS – 100.0%
|
|
|
|
|
MUNICIPAL BONDS – 100.0%
|
|
|
|
|
Alabama – 0.2%
|
|
|
|
|
Birmingham Airport Authority, Alabama, Airport Revenue Bonds, Series 2020:
|
|
|
|
$ 255
|
4.000%, 7/01/39 – BAM Insured
|
7/30 at 100.00
|
AA
|
$ 302,739
|
225
|
4.000%, 7/01/40 – BAM Insured
|
7/30 at 100.00
|
AA
|
266,557
|
3,805
|
Homewood, Alabama, General Obligation Warrants, Series 2016, 5.000%, 9/01/36
|
9/26 at 100.00
|
AA+
|
4,611,622
|
4,285
|
Total Alabama
|
|
|
5,180,918
|
|
Alaska – 0.1%
|
|
|
|
2,710
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed
|
5/21 at 100.00
|
B3
|
2,753,983
|
|
Bonds, Series 2006A, 5.000%, 6/01/32
|
|
|
|
|
Arizona – 1.0%
|
|
|
|
7,525
|
Chandler Industrial Development Authority, Arizona, Industrial Development Revenue
|
6/24 at 100.00
|
A+
|
8,553,968
|
|
Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT)
|
|
|
|
2,935
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien
|
7/27 at 100.00
|
Aa3
|
3,571,132
|
|
Series 2017A, 5.000%, 7/01/35
|
|
|
|
780
|
Phoenix Civic Improvement Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate
|
7/30 at 100.00
|
AAA
|
936,499
|
|
Lien Series 2020A, 4.000%, 7/01/45
|
|
|
|
5,600
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy
|
No Opt. Call
|
A3
|
7,880,768
|
|
Inc Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37
|
|
|
|
|
Tucson, Arizona, Water System Revenue Bonds, Refunding Series 2017:
|
|
|
|
1,000
|
5.000%, 7/01/34
|
7/27 at 100.00
|
AA
|
1,221,960
|
750
|
5.000%, 7/01/35
|
7/27 at 100.00
|
AA
|
915,038
|
18,590
|
Total Arizona
|
|
|
23,079,365
|
|
California – 8.4%
|
|
|
|
4,615
|
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement
|
No Opt. Call
|
AA
|
4,560,266
|
|
Project, Series 1997C, 0.000%, 9/01/23 – AGM Insured
|
|
|
|
5,000
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge,
|
4/23 at 100.00
|
A1 (4)
|
5,467,950
|
|
Series 2013S-4, 5.000%, 4/01/38 (Pre-refunded 4/01/23)
|
|
|
|
405
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,
|
6/30 at 100.00
|
BBB+
|
469,723
|
|
Los Angeles County Securitization Corporation, Series 2020A, 4.000%, 6/01/49
|
|
|
|
1,250
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,
|
12/30 at 100.00
|
BBB+
|
1,450,962
|
|
Sonoma County Tobacco Securitization Corporation, Series 2020A, 4.000%, 6/01/49
|
|
|
|
1,175
|
California Department of Water Resources, Central Valley Project Water System Revenue
|
12/26 at 100.00
|
AAA
|
1,447,471
|
|
Bonds, Refunding Series 2016AW, 5.000%, 12/01/33
|
|
|
|
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter
|
|
|
|
|
Health, Refunding Series 2016B:
|
|
|
|
4,080
|
5.000%, 11/15/46 (Pre-refunded 11/15/26)
|
11/26 at 100.00
|
N/R (4)
|
5,067,646
|
5,920
|
5.000%, 11/15/46
|
11/26 at 100.00
|
A1
|
7,105,776
|
1,200
|
California Health Facilities Financing Authority, Revenue Bonds, Children’s Hospital Los
|
8/27 at 100.00
|
BBB+
|
1,426,152
|
|
Angeles, Series 2017A, 5.000%, 8/15/37
|
|
|
|
3,850
|
California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health
|
7/23 at 100.00
|
AA–
|
4,243,354
|
|
System, Series 2013A, 5.000%, 7/01/33
|
|
|
|
6,130
|
California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien
|
6/28 at 100.00
|
BBB–
|
7,410,557
|
|
Series 2018A, 5.000%, 12/31/43 (AMT)
|
|
|
|
2,725
|
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San
|
1/29 at 100.00
|
BBB
|
3,251,497
|
|
Diego County Water Authority Desalination Project Pipeline, Refunding Series 2019,
|
|
|
|
|
5.000%, 11/21/45, 144A
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
California (continued)
|
|
|
|
$ 1,625
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects,
|
11/23 at 100.00
|
Aa3
|
$ 1,807,666
|
|
Series 2013I, 5.000%, 11/01/38
|
|
|
|
5,000
|
California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41
|
10/21 at 100.00
|
Aa2
|
5,097,250
|
3,500
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma
|
6/26 at 100.00
|
BB
|
3,926,650
|
|
Linda University Medical Center, Series 2016A, 5.000%, 12/01/46, 144A
|
|
|
|
4,505
|
Covina-Valley Unified School District, Los Angeles County, California, General
|
No Opt. Call
|
A+
|
4,071,529
|
|
Obligation Bonds, Series 2003B, 0.000%, 6/01/28 – FGIC Insured
|
|
|
|
5,700
|
East Bay Municipal Utility District, Alameda and Contra Costa Counties, California,
|
6/27 at 100.00
|
AAA
|
7,066,689
|
|
Water System Revenue Bonds, Green Series 2017A, 5.000%, 6/01/45
|
|
|
|
2,180
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
1/31 at 100.00
|
A–
|
2,616,414
|
|
Refunding Series 2013A, 0.000%, 1/15/42 (5)
|
|
|
|
30,000
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
No Opt. Call
|
AA+ (4)
|
29,972,100
|
|
Series 1995A, 0.000%, 1/01/22 (ETM)
|
|
|
|
13,920
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement
|
6/22 at 100.00
|
N/R
|
14,382,840
|
|
Asset-Backed Bonds, Series 2018A-1, 5.000%, 6/01/47
|
|
|
|
|
Merced Union High School District, Merced County, California, General Obligation Bonds,
|
|
|
|
|
Series 1999A:
|
|
|
|
2,500
|
0.000%, 8/01/23 – FGIC Insured
|
No Opt. Call
|
AA–
|
2,474,550
|
2,555
|
0.000%, 8/01/24 – FGIC Insured
|
No Opt. Call
|
AA–
|
2,503,491
|
2,365
|
Montebello Unified School District, Los Angeles County, California, General Obligation
|
No Opt. Call
|
A–
|
2,177,266
|
|
Bonds, Election 1998 Series 2004, 0.000%, 8/01/27 – FGIC Insured
|
|
|
|
|
Mount San Antonio Community College District, Los Angeles County, California, General
|
|
|
|
|
Obligation Bonds, Election of 2008, Series 2013A:
|
|
|
|
3,060
|
0.000%, 8/01/28 (5)
|
2/28 at 100.00
|
Aa1
|
3,610,066
|
2,315
|
0.000%, 8/01/43 (5)
|
8/35 at 100.00
|
Aa1
|
2,607,176
|
3,550
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts,
|
No Opt. Call
|
A
|
5,818,911
|
|
Series 2009C, 6.500%, 11/01/39
|
|
|
|
80
|
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 7.000%,
|
8/29 at 100.00
|
AA
|
114,024
|
|
8/01/38 – AGC Insured
|
|
|
|
10,150
|
Placer Union High School District, Placer County, California, General Obligation Bonds,
|
No Opt. Call
|
AA
|
7,911,113
|
|
Series 2004C, 0.000%, 8/01/33 – AGM Insured
|
|
|
|
|
San Bruno Park School District, San Mateo County, California, General Obligation Bonds,
|
|
|
|
|
Series 2000B:
|
|
|
|
2,575
|
0.000%, 8/01/24 – FGIC Insured
|
No Opt. Call
|
Aa2
|
2,512,505
|
2,660
|
0.000%, 8/01/25 – FGIC Insured
|
No Opt. Call
|
Aa2
|
2,556,340
|
415
|
San Diego Tobacco Settlement Revenue Funding Corporation, California, Tobacco Settlement
|
6/28 at 100.00
|
BBB
|
455,695
|
|
Bonds, Subordinate Series 2018C, 4.000%, 6/01/32
|
|
|
|
10,000
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco
|
5/29 at 100.00
|
A1
|
12,616,700
|
|
International Airport, Refunding Second Series 2019D, 5.000%, 5/01/39
|
|
|
|
12,095
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road
|
No Opt. Call
|
Baa2
|
11,565,118
|
|
Revenue Bonds, Refunding Series 1997A, 0.000%, 1/15/25 – NPFG Insured
|
|
|
|
13,220
|
San Mateo County Community College District, California, General Obligation Bonds,
|
No Opt. Call
|
AAA
|
12,229,029
|
|
Series 2006A, 0.000%, 9/01/28 – NPFG Insured
|
|
|
|
5,000
|
San Mateo Union High School District, San Mateo County, California, General Obligation
|
No Opt. Call
|
Aaa
|
4,929,200
|
|
Bonds, Election of 2000, Series 2002B, 0.000%, 9/01/24 – FGIC Insured
|
|
|
|
5,815
|
San Ysidro School District, San Diego County, California, General Obligation Bonds,
|
8/25 at 29.16
|
AA
|
1,580,401
|
|
Refunding Series 2015, 0.000%, 8/01/48
|
|
|
|
755
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed
|
12/30 at 100.00
|
BBB–
|
860,134
|
|
Bonds, Refunding Sacramento County Tobacco Securitization Corporation Series 2021B Class 2,
|
|
|
|
|
4.000%, 6/01/49
|
|
|
|
181,890
|
Total California
|
|
|
187,364,211
|
NUV
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Colorado – 7.2%
|
|
|
|
$ 7,500
|
Arapahoe County School District 6, Littleton, Colorado, General Obligation Bonds, Series
|
12/28 at 100.00
|
Aa1
|
$ 9,882,675
|
|
2019A, 5.500%, 12/01/43
|
|
|
|
7,105
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health
|
1/23 at 100.00
|
BBB+ (4)
|
7,698,694
|
|
Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23)
|
|
|
|
4,155
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health,
|
8/29 at 100.00
|
BBB+
|
4,707,283
|
|
Series 2019A-1, 4.000%, 8/01/44
|
|
|
|
1,255
|
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds,
|
12/24 at 100.00
|
BBB
|
1,440,087
|
|
Senior Lien Series 2017, 5.000%, 12/31/51
|
|
|
|
2,000
|
Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System
|
3/22 at 100.00
|
AA (4)
|
2,081,120
|
|
Revenue Bonds, Series 2012A, 5.000%, 3/01/41 (Pre-refunded 3/01/22)
|
|
|
|
4,500
|
Colorado State, Building Excellent Schools Today, Certificates of Participation, Series
|
3/28 at 100.00
|
Aa2
|
5,541,525
|
|
2018N, 5.000%, 3/15/37
|
|
|
|
|
Colorado State, Certificates of Participation, Lease Purchase Financing Program,
|
|
|
|
|
National Western Center, Series 2018A:
|
|
|
|
1,250
|
5.000%, 9/01/30
|
3/28 at 100.00
|
Aa2
|
1,574,263
|
2,000
|
5.000%, 9/01/31
|
3/28 at 100.00
|
Aa2
|
2,509,600
|
1,260
|
5.000%, 9/01/32
|
3/28 at 100.00
|
Aa2
|
1,576,449
|
620
|
5.000%, 9/01/33
|
3/28 at 100.00
|
Aa2
|
773,481
|
3,790
|
Colorado State, Certificates of Participation, Rural Series 2018A, 5.000%, 12/15/37
|
12/28 at 100.00
|
Aa2
|
4,780,441
|
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B:
|
|
|
|
2,750
|
5.000%, 11/15/25
|
11/22 at 100.00
|
AA–
|
2,948,990
|
2,200
|
5.000%, 11/15/29 (Pre-refunded 11/15/22)
|
11/22 at 100.00
|
AA– (4)
|
2,363,042
|
5,160
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series
|
11/23 at 100.00
|
A+
|
5,686,630
|
|
2013B, 5.000%, 11/15/43
|
|
|
|
2,000
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center
|
12/26 at 100.00
|
Baa2
|
2,322,980
|
|
Hotel, Refunding Senior Lien Series 2016, 5.000%, 12/01/35
|
|
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B:
|
|
|
|
9,660
|
0.000%, 9/01/29 – NPFG Insured
|
No Opt. Call
|
A
|
8,508,914
|
24,200
|
0.000%, 9/01/31 – NPFG Insured
|
No Opt. Call
|
A
|
20,127,866
|
17,000
|
0.000%, 9/01/32 – NPFG Insured
|
No Opt. Call
|
A
|
13,766,770
|
1,705
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2020A,
|
9/24 at 100.00
|
A
|
1,912,038
|
|
5.000%, 9/01/40
|
|
|
|
7,600
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Refunding Series 2006B,
|
9/26 at 52.09
|
A
|
3,620,716
|
|
0.000%, 9/01/39 – NPFG Insured
|
|
|
|
|
Higher Education, Lease Purchase Financing Program Certificates of Participation, Series 2020:
|
|
|
|
900
|
4.000%, 9/01/38
|
9/31 at 100.00
|
Aa2
|
1,104,003
|
4,475
|
4.000%, 9/01/40
|
9/31 at 100.00
|
Aa2
|
5,455,875
|
2,750
|
4.000%, 9/01/41
|
9/31 at 100.00
|
Aa2
|
3,342,377
|
8,000
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado
|
No Opt. Call
|
A+
|
12,406,480
|
|
Springs Utilities, Series 2008, 6.500%, 11/15/38
|
|
|
|
5,000
|
Rangely Hospital District, Rio Blanco County, Colorado, General Obligation Bonds,
|
11/21 at 100.00
|
Baa3
|
5,082,600
|
|
Refunding Series 2011, 6.000%, 11/01/26
|
|
|
|
1,400
|
Regional Transportation District, Colorado, Private Activity Bonds, Denver Transit
|
1/31 at 100.00
|
A–
|
1,684,578
|
|
Partners Eagle P3 Project, Series 2020A, 4.000%, 7/15/34
|
|
|
|
12,500
|
Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project,
|
5/31 at 100.00
|
AA+
|
15,241,125
|
|
Refunding Green Series 2021B, 4.000%, 11/01/40
|
|
|
|
4,945
|
Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project,
|
11/26 at 100.00
|
AA+
|
5,895,775
|
|
Series 2017A, 5.000%, 11/01/40
|
|
|
|
4,250
|
University of Colorado, Enterprise System Revenue Bonds, Series 2018B, 5.000%, 6/01/43
|
6/28 at 100.00
|
Aa1
|
5,261,117
|
151,930
|
Total Colorado
|
|
|
159,297,494
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Connecticut – 0.8%
|
|
|
|
$ 1,500
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford
|
7/21 at 100.00
|
A+ (4)
|
$ 1,511,670
|
|
HealthCare, Series 2011A, 5.000%, 7/01/41 (Pre-refunded 7/01/21)
|
|
|
|
8,440
|
Connecticut State, General Obligation Bonds, Series 2015E, 5.000%, 8/01/29
|
8/25 at 100.00
|
Aa3
|
9,938,522
|
5,000
|
Connecticut State, General Obligation Bonds, Series 2015F, 5.000%, 11/15/33
|
11/25 at 100.00
|
Aa3
|
5,903,350
|
10,153
|
Mashantucket Western Pequot Tribe, Connecticut, Special Revenue Bonds, Subordinate
|
No Opt. Call
|
N/R
|
863,030
|
|
Series 2013A, 6.050%, 7/01/31 (cash 4.000%, PIK 2.050%) (6)
|
|
|
|
25,093
|
Total Connecticut
|
|
|
18,216,572
|
|
District of Columbia – 2.2%
|
|
|
|
15,000
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed
|
6/21 at 21.42
|
N/R
|
3,197,850
|
|
Bonds, Series 2006A, 0.000%, 6/15/46
|
|
|
|
5,390
|
District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Senior
|
4/28 at 100.00
|
AAA
|
6,679,558
|
|
Lien Series 2018B, 5.000%, 10/01/43
|
|
|
|
3,865
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/29 at 100.00
|
A–
|
4,757,622
|
|
Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B,
|
|
|
|
|
5.000%, 10/01/47
|
|
|
|
14,110
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
4/22 at 100.00
|
A–
|
14,632,634
|
|
Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A,
|
|
|
|
|
5.000%, 10/01/53
|
|
|
|
10,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/28 at 100.00
|
A–
|
13,409,400
|
|
Dulles Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 6.500%, 10/01/44
|
|
|
|
|
Washington Convention and Sports Authority, Washington DC, Dedicated Tax Revenue Bonds,
|
|
|
|
|
Refunding Senior Lien Series 2021A:
|
|
|
|
670
|
4.000%, 10/01/36 (WI/DD, Settling 5/27/21)
|
10/30 at 100.00
|
AA
|
800,328
|
1,000
|
4.000%, 10/01/37 (WI/DD, Settling 5/27/21)
|
10/30 at 100.00
|
AA
|
1,191,660
|
1,300
|
4.000%, 10/01/40 (WI/DD, Settling 5/27/21)
|
10/30 at 100.00
|
AA
|
1,534,936
|
2,390
|
Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue
|
7/30 at 100.00
|
AA
|
2,826,486
|
|
Bonds, Series 2020A, 4.000%, 7/15/45
|
|
|
|
53,725
|
Total District of Columbia
|
|
|
49,030,474
|
|
Florida – 3.7%
|
|
|
|
1,240
|
Broward County, Florida, Half-Cent Sales Tax Revenue Bonds, Refunding Series 2020,
|
10/30 at 100.00
|
AA+
|
1,502,372
|
|
4.000%, 10/01/40
|
|
|
|
3,000
|
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%,
|
10/21 at 100.00
|
AA (4)
|
3,059,610
|
|
10/01/41 – AGM Insured (Pre-refunded 10/01/21)
|
|
|
|
565
|
Florida Development Finance Corporation, Educational Facilities Revenue Bonds,
|
6/25 at 100.00
|
N/R
|
643,015
|
|
Renaissance Charter School Income Projects, Series 2015A, 6.000%, 6/15/35, 144A
|
|
|
|
4,000
|
Gainesville, Florida, Utilities System Revenue Bonds, Series 2017A, 5.000%, 10/01/37
|
10/27 at 100.00
|
AA–
|
4,955,440
|
3,500
|
Gainesville, Florida, Utilities System Revenue Bonds, Series 2019A, 5.000%, 10/01/44
|
10/29 at 100.00
|
AA–
|
4,416,685
|
2,290
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International
|
10/24 at 100.00
|
A1
|
2,612,752
|
|
Airport, Subordinate Lien Series 2015B, 5.000%, 10/01/40
|
|
|
|
5,090
|
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series
|
6/21 at 100.00
|
A
|
5,104,354
|
|
2010A, 5.000%, 7/01/40
|
|
|
|
9,500
|
Miami-Dade County Health Facility Authority, Florida, Hospital Revenue Bonds, Miami
|
8/21 at 100.00
|
A (4)
|
9,633,000
|
|
Children’s Hospital, Series 2010A, 6.000%, 8/01/46 (Pre-refunded 8/01/21)
|
|
|
|
2,000
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport,
|
10/24 at 100.00
|
A2
|
2,285,520
|
|
Refunding Series 2014B, 5.000%, 10/01/37
|
|
|
|
4,000
|
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Refunding Series
|
7/22 at 100.00
|
AA (4)
|
4,226,840
|
|
2012, 5.000%, 7/01/42 (Pre-refunded 7/01/22)
|
|
|
|
|
Orlando Utilities Commission, Florida, Utility System Revenue Bonds, Series 2018A:
|
|
|
|
3,500
|
5.000%, 10/01/36
|
10/27 at 100.00
|
AA
|
4,350,710
|
3,780
|
5.000%, 10/01/37
|
10/27 at 100.00
|
AA
|
4,696,121
|
1,120
|
5.000%, 10/01/38
|
10/27 at 100.00
|
AA
|
1,390,234
|
NUV
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Florida (continued)
|
|
|
|
$ 10,725
|
Orlando, Florida, Contract Tourist Development Tax Payments Revenue Bonds, Series 2014A,
|
5/24 at 100.00
|
Aa2 (4)
|
$ 12,256,208
|
|
5.000%, 11/01/44 (Pre-refunded 5/01/24)
|
|
|
|
3,250
|
Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Jupiter Medical
|
11/22 at 100.00
|
BBB+
|
3,382,697
|
|
Center, Series 2013A, 5.000%, 11/01/43
|
|
|
|
4,000
|
Pembroke Pines, Florida, Capital Improvement Revenue Bonds, Series 2019A, 4.000%, 7/01/38
|
7/29 at 100.00
|
AA
|
4,683,880
|
1,020
|
Putnam County Development Authority, Florida, Pollution Control Revenue Bonds, Seminole
|
5/28 at 100.00
|
A–
|
1,233,211
|
|
Electric Cooperative, Inc Project, Refunding Series 2018B, 5.000%, 3/15/42
|
|
|
|
6,865
|
South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015,
|
5/25 at 100.00
|
AA
|
7,502,346
|
|
4.000%, 5/01/34
|
|
|
|
3,300
|
Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A,
|
5/22 at 100.00
|
Aa2
|
3,451,338
|
|
5.000%, 11/15/33
|
|
|
|
72,745
|
Total Florida
|
|
|
81,386,333
|
|
Georgia – 2.3%
|
|
|
|
3,325
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2015,
|
5/25 at 100.00
|
Aa2
|
3,876,152
|
|
5.000%, 11/01/40
|
|
|
|
4,945
|
Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia
|
No Opt. Call
|
A–
|
5,132,861
|
|
Power Company, Fourth Series 1994, 2.250%, 10/01/32 (Mandatory Put 5/25/23)
|
|
|
|
2,290
|
Fulton County Development Authority, Georgia, Hospital Revenue Bonds, Wellstar Health
|
4/27 at 100.00
|
A
|
2,699,498
|
|
System, Inc Project, Series 2017A, 5.000%, 4/01/47
|
|
|
|
6,000
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation
|
2/27 at 100.00
|
AA
|
7,249,560
|
|
Certificates, Northeast Georgia Health Services Inc, Series 2017B, 5.500%, 2/15/42
|
|
|
|
1,500
|
Geo L Smith II Georgia World Congress Center Authority, Georgia, Convention Center Hotel
|
1/31 at 100.00
|
BBB–
|
1,706,085
|
|
Revenue Bonds, First Tier Series 2021A, 4.000%, 1/01/54
|
|
|
|
5,865
|
Municipal Electric Authority of Georgia, General Resolution Projects Subordinated Bonds,
|
1/28 at 100.00
|
A1
|
7,018,352
|
|
Series 20188HH, 5.000%, 1/01/44
|
|
|
|
16,145
|
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project J Bonds,
|
7/28 at 100.00
|
A
|
19,289,077
|
|
Series 2019A, 5.000%, 1/01/49
|
|
|
|
2,415
|
Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien
|
1/25 at 100.00
|
A2
|
2,752,013
|
|
Series 2015A, 5.000%, 1/01/35
|
|
|
|
2,000
|
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University,
|
10/26 at 100.00
|
AA
|
2,421,920
|
|
Refunding Series 2016A, 5.000%, 10/01/46
|
|
|
|
44,485
|
Total Georgia
|
|
|
52,145,518
|
|
Guam – 0.0%
|
|
|
|
330
|
Guam International Airport Authority, Revenue Bonds, Series 2013C, 6.375%, 10/01/43 (AMT)
|
10/23 at 100.00
|
Baa2
|
354,724
|
|
Hawaii – 0.4%
|
|
|
|
4,830
|
Honolulu City and County, Hawaii, General Obligation Bonds, Series 2018A, 5.000%, 9/01/40
|
9/28 at 100.00
|
Aa1
|
6,033,105
|
3,000
|
Honolulu City and County, Hawaii, Wastewater System Revenue Bonds, First Bond
|
1/28 at 100.00
|
Aa2
|
3,704,250
|
|
Resolution, Senior Series 2018A, 5.000%, 7/01/37
|
|
|
|
7,830
|
Total Hawaii
|
|
|
9,737,355
|
|
Idaho – 0.1%
|
|
|
|
|
University of Idaho, General Revenue Bonds, Refunding Series 2021A:
|
|
|
|
505
|
5.000%, 4/01/39 – AGM Insured
|
4/31 at 100.00
|
AA
|
664,519
|
545
|
5.000%, 4/01/41 – AGM Insured
|
4/31 at 100.00
|
AA
|
713,612
|
1,050
|
Total Idaho
|
|
|
1,378,131
|
|
Illinois – 12.2%
|
|
|
|
5,000
|
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds,
|
4/27 at 100.00
|
A–
|
6,010,350
|
|
Series 2016, 6.000%, 4/01/46
|
|
|
|
5,000
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/25 at 100.00
|
BB
|
6,034,000
|
|
Series 2016A, 7.000%, 12/01/44
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Illinois (continued)
|
|
|
|
$ 2,945
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/26 at 100.00
|
BB
|
$ 3,587,216
|
|
Series 2016B, 6.500%, 12/01/46
|
|
|
|
4,710
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/27 at 100.00
|
BB
|
6,040,763
|
|
Series 2017A, 7.000%, 12/01/46, 144A
|
|
|
|
17,725
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated
|
No Opt. Call
|
Baa2
|
17,000,756
|
|
Tax Revenues, Series 1998B-1, 0.000%, 12/01/24 – FGIC Insured
|
|
|
|
7,495
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated
|
No Opt. Call
|
Baa2
|
5,814,846
|
|
Tax Revenues, Series 1999A, 0.000%, 12/01/31 – NPFG Insured
|
|
|
|
1,500
|
Chicago Park District, Illinois, General Obligation Bonds, Limited Tax Series 2011A,
|
1/22 at 100.00
|
AA–
|
1,531,785
|
|
5.000%, 1/01/36
|
|
|
|
1,000
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2018, 5.000%, 11/15/35
|
11/26 at 100.00
|
A+
|
1,214,760
|
1,680
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2021A, 5.000%, 11/15/33
|
11/30 at 100.00
|
A+
|
2,205,706
|
5,000
|
Cook County, Illinois, Sales Tax Revenue Bonds, Series 2012, 5.000%, 11/15/37
|
11/22 at 100.00
|
AA–
|
5,346,650
|
2,040
|
Cook County, Illinois, Sales Tax Revenue Bonds, Series 2021A, 4.000%, 11/15/40
|
11/30 at 100.00
|
AA–
|
2,426,294
|
5,000
|
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated
|
5/25 at 100.00
|
AA–
|
5,697,550
|
|
Group, Series 2015A, 5.000%, 11/15/38
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
|
|
|
|
|
Refunding Series 2015C:
|
|
|
|
560
|
5.000%, 8/15/35
|
8/25 at 100.00
|
A3
|
636,507
|
825
|
5.000%, 8/15/44
|
8/25 at 100.00
|
A3
|
926,500
|
3,000
|
Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A,
|
10/21 at 100.00
|
AA+
|
3,055,230
|
|
5.000%, 10/01/51
|
|
|
|
5,125
|
Illinois State, General Obligation Bonds, November Series 2017C, 5.000%, 11/01/29
|
11/27 at 100.00
|
BBB–
|
6,108,180
|
1,755
|
Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/27
|
No Opt. Call
|
BBB–
|
2,121,461
|
655
|
Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/25
|
8/22 at 100.00
|
BBB–
|
691,012
|
5,590
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A,
|
1/23 at 100.00
|
AA–
|
5,994,772
|
|
5.000%, 1/01/38
|
|
|
|
4,000
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2016B,
|
7/26 at 100.00
|
AA–
|
4,777,160
|
|
5.000%, 1/01/41
|
|
|
|
6,005
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2020A,
|
1/31 at 100.00
|
AA–
|
7,647,067
|
|
5.000%, 1/01/45
|
|
|
|
5,000
|
Lombard Public Facilities Corporation, Illinois, Conference Center and Hotel Revenue
|
3/28 at 100.00
|
N/R
|
4,943,800
|
|
Bonds, First Tier Series 2005A-2, 5.500%, 1/01/36, 144A (6)
|
|
|
|
2,875
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
12/29 at 100.00
|
BBB
|
3,228,596
|
|
Bonds, Refunding Series 2020A, 4.000%, 6/15/50
|
|
|
|
16,800
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
No Opt. Call
|
Baa2
|
16,721,880
|
|
Expansion Project, Refunding Series 1996A, 0.000%, 12/15/21 – NPFG Insured
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
|
|
|
|
Expansion Project, Series 1994B:
|
|
|
|
3,635
|
0.000%, 6/15/21 – NPFG Insured (ETM)
|
No Opt. Call
|
BBB (4)
|
3,633,619
|
5,245
|
0.000%, 6/15/28 – NPFG Insured
|
No Opt. Call
|
BBB
|
4,607,418
|
11,675
|
0.000%, 6/15/29 – FGIC Insured
|
No Opt. Call
|
BBB
|
9,929,938
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
|
|
|
|
Expansion Project, Series 2002A:
|
|
|
|
2,315
|
5.700%, 6/15/24 (Pre-refunded 6/15/22)
|
6/22 at 101.00
|
N/R (4)
|
2,476,957
|
7,685
|
5.700%, 6/15/24
|
6/22 at 101.00
|
BBB
|
8,213,344
|
4,950
|
0.000%, 12/15/32 – NPFG Insured
|
No Opt. Call
|
BBB
|
3,749,526
|
21,375
|
0.000%, 6/15/34 – NPFG Insured
|
No Opt. Call
|
BBB
|
15,404,749
|
21,000
|
0.000%, 12/15/35 – NPFG Insured
|
No Opt. Call
|
BBB
|
14,350,980
|
21,970
|
0.000%, 6/15/36 – NPFG Insured
|
No Opt. Call
|
BBB
|
14,707,157
|
10,375
|
0.000%, 12/15/36 – NPFG Insured
|
No Opt. Call
|
BBB
|
6,809,839
|
10,000
|
0.000%, 12/15/37 – NPFG Insured
|
No Opt. Call
|
BBB
|
6,317,800
|
25,825
|
0.000%, 6/15/39 – NPFG Insured
|
No Opt. Call
|
BBB
|
15,371,815
|
NUV
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Illinois (continued)
|
|
|
|
$ 6,095
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
No Opt. Call
|
AA+
|
$ 8,669,833
|
|
Illinois, General Obligation Bonds, Series 2002A, 6.000%, 7/01/32 – NPFG Insured
|
|
|
|
8,000
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
No Opt. Call
|
AA+
|
11,356,400
|
|
Illinois, General Obligation Bonds, Series 2003A, 6.000%, 7/01/33 – NPFG Insured
|
|
|
|
5,000
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,
|
6/24 at 100.00
|
AA+
|
5,602,700
|
|
Illinois, General Obligation Bonds, Series 2014A, 5.000%, 6/01/44
|
|
|
|
5,020
|
Southwestern Illinois Development Authority, Local Government Revenue Bonds,
|
No Opt. Call
|
AA
|
4,905,946
|
|
Edwardsville Community Unit School District 7 Project, Series 2007, 0.000%, 12/01/23 –
|
|
|
|
|
AGM Insured
|
|
|
|
10,285
|
Springfield, Illinois, Water Revenue Bonds, Refunding Series 2012, 5.000%, 3/01/37
|
3/22 at 100.00
|
AA– (4)
|
10,702,160
|
|
(Pre-refunded 3/01/22) (UB) (7)
|
|
|
|
615
|
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013,
|
10/23 at 100.00
|
A–
|
687,189
|
|
6.000%, 10/01/42
|
|
|
|
|
Will County Community Unit School District 201-U Crete-Monee, Illinois, General
|
|
|
|
|
Obligation Bonds, Capital Appreciation Series 2004:
|
|
|
|
780
|
0.000%, 11/01/22 – NPFG Insured (ETM)
|
No Opt. Call
|
Baa2 (4)
|
775,593
|
2,550
|
0.000%, 11/01/22 – NPFG Insured
|
No Opt. Call
|
A
|
2,517,997
|
295,680
|
Total Illinois
|
|
|
270,553,801
|
|
Indiana – 1.8%
|
|
|
|
5,010
|
Indiana Finance Authority, Hospital Revenue Bonds, Community Health Network Project,
|
5/23 at 100.00
|
A (4)
|
5,496,170
|
|
Series 2012A, 5.000%, 5/01/42 (Pre-refunded 5/01/23)
|
|
|
|
2,250
|
Indiana Finance Authority, Hospital Revenue Bonds, Indiana University Health Obligation
|
6/25 at 100.00
|
AA
|
2,446,628
|
|
Group, Refunding 2015A, 4.000%, 12/01/40
|
|
|
|
5,740
|
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
|
7/23 at 100.00
|
A–
|
6,239,093
|
|
Project, Series 2013A, 5.000%, 7/01/48 (AMT)
|
|
|
|
2,000
|
Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series
|
7/26 at 100.00
|
A+
|
2,402,680
|
|
2016A, 5.000%, 1/01/42
|
|
|
|
5,000
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Community Justice Campus
|
2/29 at 100.00
|
AAA
|
6,266,450
|
|
Bonds, Courthouse & Jail Project, Series 2019A, 5.250%, 2/01/54
|
|
|
|
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E:
|
|
|
|
2,400
|
0.000%, 2/01/25 – AMBAC Insured
|
No Opt. Call
|
AA
|
2,344,104
|
14,595
|
0.000%, 2/01/27 – AMBAC Insured
|
No Opt. Call
|
AA
|
13,809,059
|
36,995
|
Total Indiana
|
|
|
39,004,184
|
|
Kentucky – 1.8%
|
|
|
|
300
|
Greater Kentucky Housing Assistance Corporation, FHA-Insured Section 8 Mortgage Revenue
|
5/21 at 100.00
|
Baa2
|
301,149
|
|
Refunding Bonds, Series 1997A, 6.100%, 1/01/24 – NPFG Insured
|
|
|
|
|
Kenton County Airport Board, Kentucky, Airport Revenue Bonds, Cincinnati/Northern
|
|
|
|
|
Kentucky International Airport, Series 2016:
|
|
|
|
1,530
|
5.000%, 1/01/27
|
1/26 at 100.00
|
A1
|
1,829,758
|
1,600
|
5.000%, 1/01/28
|
1/26 at 100.00
|
A1
|
1,903,248
|
|
Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington
|
|
|
|
|
Center Corporation Project, Series 2018A:
|
|
|
|
1,280
|
5.000%, 9/01/37
|
9/28 at 100.00
|
A2
|
1,569,446
|
1,435
|
5.000%, 9/01/38
|
9/28 at 100.00
|
A2
|
1,754,474
|
4,000
|
5.000%, 9/01/43
|
9/28 at 100.00
|
A2
|
4,854,120
|
2,000
|
5.000%, 9/01/48
|
9/28 at 100.00
|
A2
|
2,376,300
|
1,000
|
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist
|
8/21 at 100.00
|
N/R (4)
|
1,013,510
|
|
Healthcare System Obligated Group, Series 2011, 5.000%, 8/15/42 (Pre-refunded 8/15/21)
|
|
|
|
1,000
|
Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds,
|
12/27 at 100.00
|
AA
|
1,142,920
|
|
Louisville Arena Authority, Inc, Series 2017A, 4.000%, 12/01/41 – AGM Insured
|
|
|
|
8,935
|
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky
|
7/25 at 100.00
|
BBB+
|
9,915,527
|
|
Information Highway Project, Senior Series 2015A, 5.000%, 1/01/45
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Kentucky (continued)
|
|
|
|
$ 6,000
|
Kentucky Public Transportation Infrastructure Authority, First Tier Toll Revenue Bonds,
|
7/31 at 100.00
|
Baa2
|
$ 7,210,860
|
|
Downtown Crossing Project, Convertible Capital Appreciation Series 2013C, 0.000%, 7/01/39 (5)
|
|
|
|
5,000
|
Kentucky State Property and Buildings Commission, Revenue Bonds, Project 115, Series
|
4/27 at 100.00
|
A1
|
6,125,750
|
|
2017, 5.000%, 4/01/30
|
|
|
|
34,080
|
Total Kentucky
|
|
|
39,997,062
|
|
Louisiana – 0.9%
|
|
|
|
1,335
|
East Baton Rouge Sewerage Commission, Louisiana, Revenue Bonds, Refunding Series 2019A,
|
2/29 at 100.00
|
AA–
|
1,569,332
|
|
4.000%, 2/01/45
|
|
|
|
4,420
|
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series
|
7/23 at 100.00
|
AA–
|
4,852,895
|
|
2013A, 5.000%, 7/01/28
|
|
|
|
9,040
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal
|
1/27 at 100.00
|
A2
|
10,785,534
|
|
Project, Series 2017A, 5.000%, 1/01/48
|
|
|
|
1,470
|
New Orleans Aviation Board, Louisiana, Special Facility Revenue Bonds, Parking
|
10/28 at 100.00
|
AA
|
1,800,618
|
|
Facilities Corporation Consolidated Garage System, Series 2018A, 5.000%, 10/01/43 –
|
|
|
|
|
AGM Insured
|
|
|
|
16,265
|
Total Louisiana
|
|
|
19,008,379
|
|
Maine – 1.2%
|
|
|
|
4,250
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine
|
7/23 at 100.00
|
BBB
|
4,468,790
|
|
Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/33
|
|
|
|
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth
|
|
|
|
|
Issue, Series 2018A:
|
|
|
|
1,190
|
5.000%, 7/01/43
|
7/28 at 100.00
|
A+
|
1,440,019
|
5,940
|
5.000%, 7/01/48
|
7/28 at 100.00
|
A+
|
7,144,335
|
1,050
|
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General
|
7/21 at 100.00
|
N/R (4)
|
1,061,025
|
|
Medical Center, Series 2011, 6.750%, 7/01/41 (Pre-refunded 7/01/21)
|
|
|
|
10,000
|
Maine Turnpike Authority, Turnpike Revenue Bonds, Series 2020, 5.000%, 7/01/50
|
7/30 at 100.00
|
AA–
|
12,611,600
|
22,430
|
Total Maine
|
|
|
26,725,769
|
|
Maryland – 1.4%
|
|
|
|
|
Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017:
|
|
|
|
630
|
5.000%, 9/01/31
|
9/27 at 100.00
|
CCC
|
660,467
|
1,945
|
5.000%, 9/01/32
|
9/27 at 100.00
|
CCC
|
2,039,177
|
3,455
|
5.000%, 9/01/34
|
9/27 at 100.00
|
CCC
|
3,624,779
|
2,000
|
5.000%, 9/01/35
|
9/27 at 100.00
|
CCC
|
2,098,140
|
4,500
|
5.000%, 9/01/42
|
9/27 at 100.00
|
CCC
|
4,723,830
|
3,500
|
5.000%, 9/01/46
|
9/27 at 100.00
|
CCC
|
3,676,015
|
2,350
|
Maryland Economic Development Corporation, Private Activity Revenue Bonds AP, Purple
|
9/26 at 100.00
|
BB–
|
2,688,235
|
|
Line Light Rail Project, Green Bonds, Series 2016D, 5.000%, 3/31/41 (AMT)
|
|
|
|
1,050
|
Maryland Health and Higher Educational Facilities Authority, Maryland, Hospital Revenue
|
7/25 at 100.00
|
A–
|
1,195,183
|
|
Bonds, Meritus Medical Center, Series 2015, 5.000%, 7/01/40
|
|
|
|
1,500
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist
|
1/22 at 100.00
|
Baa3
|
1,557,810
|
|
Healthcare, Series 2011A, 6.125%, 1/01/36
|
|
|
|
|
Maryland Stadium Authority, Revenue Bonds, Baltimore City Public Schools Construction &
|
|
|
|
|
Revitalization Program, Series 2018A:
|
|
|
|
2,260
|
5.000%, 5/01/47 (Pre-refunded 5/01/28)
|
5/28 at 100.00
|
N/R (4)
|
2,898,857
|
4,375
|
5.000%, 5/01/47
|
5/28 at 100.00
|
AA
|
5,365,894
|
27,565
|
Total Maryland
|
|
|
30,528,387
|
|
Massachusetts – 1.2%
|
|
|
|
1,000
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds,
|
1/29 at 100.00
|
A+
|
1,250,940
|
|
Refunding Senior Lien Series 2019A, 5.000%, 1/01/37
|
|
|
|
2,100
|
Massachusetts Development Finance Agency, Hospital Revenue Bonds, Cape Cod Healthcare
|
11/23 at 100.00
|
AA–
|
2,319,072
|
|
Obligated Group, Series 2013, 5.250%, 11/15/41
|
|
|
|
NUV
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Massachusetts (continued)
|
|
|
|
$ 2,905
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue,
|
7/25 at 100.00
|
BBB
|
$ 3,277,915
|
|
Green Bonds, Series 2015D, 5.000%, 7/01/44
|
|
|
|
1,105
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue,
|
7/26 at 100.00
|
BBB
|
1,290,585
|
|
Series 2016E, 5.000%, 7/01/36
|
|
|
|
2,765
|
Massachusetts Development Finance Agency, Revenue Bonds, Dana-Farber Cancer Institute
|
12/26 at 100.00
|
A1
|
3,259,327
|
|
Issue, Series 2016N, 5.000%, 12/01/46
|
|
|
|
9,110
|
Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior
|
5/23 at 100.00
|
AAA
|
10,011,344
|
|
Series 2013A, 5.000%, 5/15/43 (Pre-refunded 5/15/23)
|
|
|
|
3,760
|
Massachusetts State, General Obligation Bonds, Consolidated Loan Series 2019C,
|
5/29 at 100.00
|
Aa1
|
4,768,958
|
|
5.000%, 5/01/46
|
|
|
|
980
|
Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Senior
|
No Opt. Call
|
A+
|
880,118
|
|
Series 1997A, 0.000%, 1/01/29 – NPFG Insured
|
|
|
|
320
|
Massachusetts Water Pollution Abatement Trust, Pooled Loan Program Bonds, Series 2000-6,
|
6/21 at 100.00
|
Aaa
|
321,251
|
|
5.500%, 8/01/30
|
|
|
|
24,045
|
Total Massachusetts
|
|
|
27,379,510
|
|
Michigan – 2.8%
|
|
|
|
|
Detroit Academy of Arts and Sciences, Michigan, Public School Academy Revenue Bonds,
|
|
|
|
|
Refunding Series 2013:
|
|
|
|
1,690
|
6.000%, 10/01/33
|
10/23 at 100.00
|
N/R
|
1,734,734
|
2,520
|
6.000%, 10/01/43
|
10/23 at 100.00
|
N/R
|
2,563,798
|
1,590
|
Detroit Local Development Finance Authority, Michigan, Tax Increment Bonds, Series
|
3/21 at 100.00
|
B–
|
1,590,000
|
|
1998A, 5.500%, 5/01/21
|
|
|
|
1,415
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
|
7/22 at 100.00
|
AA– (4)
|
1,499,334
|
|
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39 (Pre-refunded 7/01/22)
|
|
|
|
15
|
Detroit, Michigan, Second Lien Sewerage Disposal System Revenue Bonds, Series 2005A,
|
6/21 at 100.00
|
A+
|
15,046
|
|
4.500%, 7/01/35 – NPFG Insured
|
|
|
|
3,000
|
Detroit, Michigan, Senior Lien Sewerage Disposal System Revenue Bonds, Series 2001B,
|
No Opt. Call
|
A+
|
3,703,980
|
|
5.500%, 7/01/29 – NPFG Insured
|
|
|
|
5
|
Detroit, Michigan, Water Supply System Revenue Bonds, Second Lien Series 2003B, 5.000%,
|
6/21 at 100.00
|
A+
|
5,018
|
|
7/01/34 – NPFG Insured
|
|
|
|
5
|
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2003A, 5.000%,
|
6/21 at 100.00
|
A1
|
5,017
|
|
7/01/34 – NPFG Insured
|
|
|
|
3,315
|
Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of
|
11/28 at 100.00
|
Aa3
|
4,083,516
|
|
Wayne Criminal Justice Center Project, Senior Lien Series 2018, 5.000%, 11/01/43
|
|
|
|
2,360
|
Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of
|
11/30 at 100.00
|
AA
|
2,813,686
|
|
Wayne, Second Lien Refunding Series 2020, 4.000%, 11/01/37
|
|
|
|
1,950
|
Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water &
|
7/22 at 100.00
|
N/R (4)
|
2,060,585
|
|
Sewerage Department Water Supply System Local Project, Series 2014C-1, 5.000%, 7/01/44
|
|
|
|
|
(Pre-refunded 7/01/22)
|
|
|
|
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding
|
|
|
|
|
Series 2011MI:
|
|
|
|
15
|
5.000%, 12/01/39 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
N/R (4)
|
15,411
|
4,585
|
5.000%, 12/01/39 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
AA– (4)
|
4,714,618
|
5,000
|
Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series
|
6/22 at 100.00
|
AA– (4)
|
5,263,150
|
|
2015MI, 5.000%, 12/01/35 (Pre-refunded 6/01/22)
|
|
|
|
2,750
|
Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco
|
12/30 at 100.00
|
BBB–
|
3,298,433
|
|
Receipts, Series 2020B-1-CL2, 5.000%, 6/01/49
|
|
|
|
6,000
|
Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit
|
11/26 at 100.00
|
AA+
|
6,721,020
|
|
Group, Refunding & Project Series 2010F-6, 4.000%, 11/15/47
|
|
|
|
5,000
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series
|
10/21 at 100.00
|
Aa2 (4)
|
5,118,350
|
|
2011-II-A, 5.375%, 10/15/41 (Pre-refunded 10/15/21)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Michigan (continued)
|
|
|
|
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2015-I:
|
|
|
|
$ 435
|
5.000%, 4/15/30 (Pre-refunded 10/15/25)
|
10/25 at 100.00
|
N/R (4)
|
$ 522,687
|
9,565
|
5.000%, 4/15/30
|
10/25 at 100.00
|
Aa2
|
11,417,358
|
2,890
|
Oakland University, Michigan, General Revenue Bonds, Series 2012, 5.000%, 3/01/42
|
3/22 at 100.00
|
A1
|
2,992,508
|
1,100
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne
|
12/25 at 100.00
|
A1
|
1,288,936
|
|
County Airport, Series 2015D, 5.000%, 12/01/45
|
|
|
|
55,205
|
Total Michigan
|
|
|
61,427,185
|
|
Minnesota – 0.3%
|
|
|
|
3,200
|
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Refunding
|
No Opt. Call
|
AA
|
4,682,432
|
|
Series 2016B, 5.000%, 11/15/34
|
|
|
|
1,480
|
University of Minnesota, General Obligation Bonds, Series 2016A, 5.000%, 4/01/41
|
4/26 at 100.00
|
Aa1
|
1,768,866
|
4,680
|
Total Minnesota
|
|
|
6,451,298
|
|
Missouri – 0.2%
|
|
|
|
3,465
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
11/23 at 100.00
|
A2
|
3,795,769
|
|
CoxHealth, Series 2013A, 5.000%, 11/15/48
|
|
|
|
|
Montana – 0.6%
|
|
|
|
1,115
|
Billings, Montana, Sewer System Revenue Bonds, Series 2017, 5.000%, 7/01/33
|
7/27 at 100.00
|
AA+
|
1,365,607
|
|
Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell
|
|
|
|
|
Regional Medical Center, Series 2018B:
|
|
|
|
1,340
|
5.000%, 7/01/30
|
7/28 at 100.00
|
BBB
|
1,608,844
|
1,415
|
5.000%, 7/01/31
|
7/28 at 100.00
|
BBB
|
1,687,982
|
1,980
|
5.000%, 7/01/32
|
7/28 at 100.00
|
BBB
|
2,354,933
|
2,135
|
5.000%, 7/01/33
|
7/28 at 100.00
|
BBB
|
2,531,619
|
3,045
|
Montana Facility Finance Authority, Revenue Bonds, Billings Clinic Obligated Group,
|
8/28 at 100.00
|
AA–
|
3,745,959
|
|
Series 2018A, 5.000%, 8/15/48
|
|
|
|
11,030
|
Total Montana
|
|
|
13,294,944
|
|
Nebraska – 0.4%
|
|
|
|
|
Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Refunding
|
|
|
|
|
Crossover Series 2017A:
|
|
|
|
1,710
|
5.000%, 9/01/37
|
No Opt. Call
|
A
|
2,368,521
|
1,500
|
5.000%, 9/01/42
|
No Opt. Call
|
A
|
2,154,780
|
1,855
|
Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012,
|
9/22 at 100.00
|
A2
|
1,971,717
|
|
5.000%, 9/01/42
|
|
|
|
1,400
|
Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska
|
11/25 at 100.00
|
A
|
1,616,216
|
|
Methodist Health System, Refunding Series 2015, 5.000%, 11/01/45
|
|
|
|
6,465
|
Total Nebraska
|
|
|
8,111,234
|
|
Nevada – 2.8%
|
|
|
|
490
|
Clark County School District, Nevada, General Obligation Bonds, Limited Tax Building
|
6/30 at 100.00
|
AA
|
582,434
|
|
Series 2020A, 4.000%, 6/15/40 – AGM Insured
|
|
|
|
|
Clark County, Nevada, General Obligation Bonds, Transportation Improvement, Limited Tax,
|
|
|
|
|
Additionally Secured by Pledged Revenue Series 2018B:
|
|
|
|
2,000
|
5.000%, 12/01/33
|
12/28 at 100.00
|
AA+
|
2,536,920
|
5,000
|
5.000%, 12/01/35
|
12/28 at 100.00
|
AA+
|
6,313,750
|
5,000
|
Humboldt County, Nevada, Pollution Control Revenue Bonds, Sierra Pacific Power Company
|
No Opt. Call
|
A+
|
5,072,700
|
|
Projects, Series 2016B, 1.850%, 10/01/29 (Mandatory Put 4/15/22)
|
|
|
|
5,000
|
Las Vegas Convention and Visitors Authority, Nevada, Convention Center Expansion Revenue
|
7/28 at 100.00
|
Aa3
|
5,958,150
|
|
Bonds, Series 2018B, 5.000%, 7/01/43
|
|
|
|
8,500
|
Las Vegas Convention and Visitors Authority, Nevada, Revenue Bonds, Series 2018C,
|
7/28 at 100.00
|
Aa3
|
10,269,360
|
|
5.250%, 7/01/43
|
|
|
|
NUV
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Nevada (continued)
|
|
|
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2015:
|
|
|
|
$ 5,220
|
5.000%, 6/01/33
|
12/24 at 100.00
|
Aa1
|
$ 6,015,058
|
10,000
|
5.000%, 6/01/34
|
12/24 at 100.00
|
Aa1
|
11,523,100
|
9,000
|
5.000%, 6/01/39
|
12/24 at 100.00
|
Aa1
|
10,336,320
|
1,205
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Water
|
6/26 at 100.00
|
Aa1
|
1,440,083
|
|
Improvement Series 2016A, 5.000%, 6/01/41
|
|
|
|
2,000
|
Reno, Nevada, Subordinate Lien Sales Tax Revenue Refunding Bonds, ReTrac-Reno
|
12/28 at 100.00
|
A3
|
2,262,020
|
|
Transportation Rail Access Corridor Project, Series 2018A, 5.000%, 6/01/48
|
|
|
|
250
|
Reno, Nevada, Subordinate Lien Sales Tax Revenue Refunding Bonds, ReTrac-Reno
|
12/28 at 100.00
|
AA
|
304,463
|
|
Transportation Rail Access Corridor Project, Series 2018B, 5.000%, 6/01/33 – AGM Insured
|
|
|
|
53,665
|
Total Nevada
|
|
|
62,614,358
|
|
New Jersey – 4.7%
|
|
|
|
2,500
|
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2018A,
|
1/29 at 100.00
|
A+
|
3,146,425
|
|
5.000%, 1/01/36
|
|
|
|
930
|
New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge
|
1/24 at 100.00
|
AA
|
1,039,759
|
|
Replacement Project, Series 2013, 5.125%, 1/01/39 – AGM Insured (AMT)
|
|
|
|
6,000
|
New Jersey Economic Development Authority, School Facilities Construction Bonds,
|
12/26 at 100.00
|
Baa1
|
7,345,320
|
|
Refunding Series 2016BBB, 5.500%, 6/15/31
|
|
|
|
5,990
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
|
No Opt. Call
|
AA
|
7,315,347
|
|
2005N-1, 5.500%, 9/01/25 – AGM Insured
|
|
|
|
4,000
|
New Jersey Economic Development Authority, School Facilities Construction Financing
|
3/23 at 100.00
|
Baa1
|
4,338,040
|
|
Program Bonds, Refunding Series 2013NN, 5.000%, 3/01/26
|
|
|
|
3,300
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint
|
6/21 at 100.00
|
BB+
|
3,309,966
|
|
Peters University Hospital, Series 2007, 5.750%, 7/01/37
|
|
|
|
9,420
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital
|
No Opt. Call
|
Baa1
|
7,501,994
|
|
Appreciation Series 2010A, 0.000%, 12/15/31
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding
|
|
|
|
|
Series 2006C:
|
|
|
|
30,000
|
0.000%, 12/15/30 – FGIC Insured
|
No Opt. Call
|
Baa1
|
25,106,700
|
27,000
|
0.000%, 12/15/32 – AGM Insured
|
No Opt. Call
|
AA
|
21,636,450
|
4,500
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
6/23 at 100.00
|
Baa1
|
4,910,355
|
|
2013AA, 5.000%, 6/15/29
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA:
|
|
|
|
2,750
|
5.250%, 6/15/32
|
6/25 at 100.00
|
Baa1
|
3,183,565
|
2,150
|
5.250%, 6/15/34
|
6/25 at 100.00
|
Baa1
|
2,481,723
|
2,000
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2017B, 5.000%, 1/01/40
|
1/28 at 100.00
|
A+
|
2,426,620
|
3,760
|
New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2021A, 4.000%, 1/01/42
|
1/31 at 100.00
|
A+
|
4,465,827
|
1,135
|
Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L, 5.000%,
|
5/23 at 100.00
|
Aa3 (4)
|
1,245,140
|
|
5/01/43 (Pre-refunded 5/01/23)
|
|
|
|
1,455
|
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds,
|
11/30 at 100.00
|
AA
|
1,853,670
|
|
Series 2020A, 5.000%, 11/01/41 – BAM Insured
|
|
|
|
2,720
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
|
6/28 at 100.00
|
BB+
|
3,187,242
|
|
Bonds, Series 2018B, 5.000%, 6/01/46
|
|
|
|
109,610
|
Total New Jersey
|
|
|
104,494,143
|
|
New Mexico – 0.0%
|
|
|
|
125
|
University of New Mexico, Revenue Bonds, Refunding Series 1992A, 6.000%, 6/01/21
|
No Opt. Call
|
AA–
|
125,549
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
New York – 6.7%
|
|
|
|
$ 3,750
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University
|
7/27 at 100.00
|
Aa3
|
$ 4,508,587
|
|
Dormitory Facilities, Series 2017A, 5.000%, 7/01/42
|
|
|
|
5,330
|
Dormitory Authority of the State of New York, Revenue Bonds, NYU Langone Hospitals
|
7/30 at 100.00
|
A
|
6,187,597
|
|
Obligated Group, Series 2020A, 4.000%, 7/01/53
|
|
|
|
2,055
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Notes
|
9/23 at 100.00
|
A
|
2,080,688
|
|
Series 2021, 1.000%, 9/01/25
|
|
|
|
1,950
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series
|
9/28 at 100.00
|
A
|
2,443,233
|
|
2018, 5.000%, 9/01/39
|
|
|
|
1,500
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series
|
9/30 at 100.00
|
A
|
1,958,535
|
|
2020A, 5.000%, 9/01/38
|
|
|
|
8,325
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green
|
5/30 at 100.00
|
A3
|
10,200,872
|
|
Climate Bond Certified Series 2020C-1, 5.000%, 11/15/50
|
|
|
|
2,500
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding
|
11/30 at 100.00
|
A3
|
2,856,675
|
|
Green Climate Certified Series 2020E, 4.000%, 11/15/45
|
|
|
|
|
MTA Hudson Rail Yards Trust Obligations, New York, MTA Financing Agreement Payable by
|
|
|
|
|
the Metropolitan Transportation Authority, Series 2016A:
|
|
|
|
3,135
|
5.000%, 11/15/51
|
11/21 at 100.00
|
A3
|
3,202,183
|
7,380
|
5.000%, 11/15/56
|
11/23 at 100.00
|
A3
|
8,001,544
|
|
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes
|
|
|
|
|
Revenue Bonds, Queens Baseball Stadium Project, Refunding Series 2021A:
|
|
|
|
1,750
|
5.000%, 1/01/30 – AGM Insured
|
No Opt. Call
|
AA
|
2,290,400
|
1,250
|
5.000%, 1/01/31 – AGM Insured
|
No Opt. Call
|
AA
|
1,662,663
|
10,000
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds,
|
7/28 at 100.00
|
AA
|
12,307,600
|
|
Fiscal 2018, Series 2017S-3, 5.000%, 7/15/43
|
|
|
|
7,000
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds,
|
7/28 at 100.00
|
AA
|
8,731,170
|
|
Fiscal 2019 Subseries S-3A, 5.000%, 7/15/37
|
|
|
|
3,520
|
New York City, New York, General Obligation Bonds, Fiscal 2021 Series C, 5.000%, 8/01/43
|
8/30 at 100.00
|
AA
|
4,456,250
|
5,000
|
New York City, New York, General Obligation Bonds, Fiscal 2021 Series F-1, 5.000%, 3/01/44
|
3/31 at 100.00
|
AA
|
6,392,200
|
11,755
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
|
11/24 at 100.00
|
N/R
|
12,867,023
|
|
Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A
|
|
|
|
5,825
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
|
11/21 at 100.00
|
A
|
5,987,459
|
|
Center Project, Series 2011, 5.750%, 11/15/51
|
|
|
|
5,000
|
New York State Power Authority, General Revenue Bonds, Series 2020A, 4.000%, 11/15/50
|
5/30 at 100.00
|
AA
|
5,842,200
|
8,270
|
New York Transportation Development Corporation, New York, Special Facilities Bonds,
|
7/24 at 100.00
|
BBB
|
9,318,884
|
|
LaGuardia Airport Terminal B Redevelopment Project, Series 2016A, 5.000%, 7/01/46 (AMT)
|
|
|
|
|
New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta
|
|
|
|
|
Air Lines, Inc – LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018:
|
|
|
|
3,250
|
5.000%, 1/01/34 (AMT)
|
1/28 at 100.00
|
Baa3
|
3,939,780
|
5,250
|
5.000%, 1/01/36 (AMT)
|
1/28 at 100.00
|
Baa3
|
6,325,777
|
7,550
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA
|
11/27 at 100.00
|
AA–
|
9,248,976
|
|
Bridges & Tunnels, Series 2017C-2, 5.000%, 11/15/42
|
|
|
|
4,000
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA
|
11/30 at 100.00
|
AA–
|
4,765,360
|
|
Bridges & Tunnels, Series 2018D, 4.000%, 11/15/38
|
|
|
|
3,000
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds,
|
5/25 at 100.00
|
AA–
|
3,446,460
|
|
Refunding Series 2015A, 5.000%, 11/15/50
|
|
|
|
7,175
|
Triborough Bridge and Tunnel Authority, New York, Payroll Mobility Tax Bonds, Senior
|
5/31 at 100.00
|
AA+
|
9,241,400
|
|
Lien Subseries 2021A-1, 5.000%, 5/15/51 (WI/DD, Settling 5/05/21)
|
|
|
|
650
|
TSASC Inc, New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series B,
|
No Opt. Call
|
B–
|
677,918
|
|
5.000%, 6/01/24
|
|
|
|
126,170
|
Total New York
|
|
|
148,941,434
|
NUV
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
North Carolina – 1.2%
|
|
|
|
$ 1,500
|
Charlotte-Mecklenberg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA
|
6/21 at 100.00
|
AA–
|
$ 1,504,875
|
|
Carolinas HealthCare System, Series 2011A, 5.125%, 1/15/37
|
|
|
|
1,520
|
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University
|
10/26 at 100.00
|
AA+
|
1,840,659
|
|
Project, Refunding Series 2016B, 5.000%, 10/01/44
|
|
|
|
|
North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot
|
|
|
|
|
Lanes Project, Series 2015:
|
|
|
|
2,155
|
5.000%, 12/31/37 (AMT)
|
6/25 at 100.00
|
BBB–
|
2,403,773
|
4,175
|
5.000%, 6/30/54 (AMT)
|
6/25 at 100.00
|
BBB–
|
4,592,583
|
2,995
|
North Carolina Turnpike Authority, Monroe Expressway Toll Revenue Bonds, Series 2017A,
|
7/26 at 100.00
|
BBB
|
3,415,438
|
|
5.000%, 7/01/51
|
|
|
|
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital
|
|
|
|
|
Appreciation Series 2019:
|
|
|
|
2,000
|
0.000%, 1/01/41
|
1/30 at 71.45
|
AA+
|
1,193,460
|
1,500
|
0.000%, 1/01/42
|
1/30 at 68.97
|
AA+
|
860,655
|
14,500
|
0.000%, 1/01/49
|
1/30 at 54.10
|
AA+
|
6,402,040
|
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding
|
|
|
|
|
Senior Lien Series 2017:
|
|
|
|
1,625
|
5.000%, 1/01/30
|
1/27 at 100.00
|
BBB
|
1,953,998
|
1,850
|
5.000%, 1/01/32
|
1/27 at 100.00
|
BBB
|
2,208,974
|
33,820
|
Total North Carolina
|
|
|
26,376,455
|
|
North Dakota – 0.4%
|
|
|
|
7,820
|
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series
|
11/21 at 100.00
|
A+ (4)
|
8,050,377
|
|
2011, 6.250%, 11/01/31 (Pre-refunded 11/01/21)
|
|
|
|
1,840
|
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System
|
12/27 at 100.00
|
Baa2
|
2,033,182
|
|
Obligated Group, Series 2017A, 5.000%, 12/01/42
|
|
|
|
9,660
|
Total North Dakota
|
|
|
10,083,559
|
|
Ohio – 3.7%
|
|
|
|
4,710
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/30 at 100.00
|
BBB+
|
5,325,267
|
|
Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 4.000%, 6/01/48
|
|
|
|
20,480
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/30 at 100.00
|
N/R
|
23,023,002
|
|
Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55
|
|
|
|
16,415
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/22 at 100.00
|
N/R (4)
|
17,493,794
|
|
Revenue Bonds, Senior Lien Series 2007A-3, 6.250%, 6/01/37 (Pre-refunded 6/01/22)
|
|
|
|
1,195
|
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,
|
11/27 at 100.00
|
Aa2
|
1,464,413
|
|
Refunding & Improvement Series 2017A, 5.000%, 11/01/32
|
|
|
|
3,485
|
Franklin County, Ohio, Revenue Bonds, Trinity Health Credit Group, Series 2017OH,
|
6/27 at 100.00
|
AA–
|
3,913,237
|
|
4.000%, 12/01/46
|
|
|
|
5,000
|
Franklin County, Ohio, Sales Tax Revenue Bonds, Various Purpose Series 2018,
|
6/28 at 100.00
|
AAA
|
6,189,550
|
|
5.000%, 6/01/43
|
|
|
|
1,730
|
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series
|
11/21 at 100.00
|
BBB (4)
|
1,784,114
|
|
2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21)
|
|
|
|
13,000
|
Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds,
|
No Opt. Call
|
N/R
|
13,200,720
|
|
FirstEnergy Generation Corporation Project, Refunding Series 2009D, 4.250%, 8/01/29
|
|
|
|
|
(Mandatory Put 9/15/21)
|
|
|
|
4,110
|
Ohio State, Private Activity Bonds, Portsmouth Gateway Group, LLC – Borrower, Portsmouth
|
6/25 at 100.00
|
AA
|
4,678,454
|
|
Bypass Project, Series 2015, 5.000%, 12/31/39 – AGM Insured (AMT)
|
|
|
|
4,975
|
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and Infrastructure Commission
|
2/23 at 100.00
|
Aa3 (4)
|
5,403,845
|
|
Infrastructure Projects, Junior Lien, Current Interest Series 2013A-1, 5.000%, 2/15/48
|
|
|
|
|
(Pre-refunded 2/15/23)
|
|
|
|
75,100
|
Total Ohio
|
|
|
82,476,396
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Oklahoma – 1.3%
|
|
|
|
$ 1,090
|
Fort Sill Apache Tribe of Oklahoma Economic Development Authority, Gaming Enterprise
|
8/21 at 100.00
|
N/R (4)
|
$ 1,117,512
|
|
Revenue Bonds, Fort Sill Apache Casino, Series 2011A, 8.500%, 8/25/26 (Pre-refunded
|
|
|
|
|
8/25/21), 144A
|
|
|
|
4,000
|
Oklahoma City Water Utilities Trust, Oklahoma, Water and Sewer Revenue Bonds, Refunding
|
7/26 at 100.00
|
AAA
|
4,861,960
|
|
Series 2016, 5.000%, 7/01/36
|
|
|
|
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, Integris Baptist
|
|
|
|
|
Medical Center, Refunding Series 2015A:
|
|
|
|
1,590
|
5.000%, 8/15/27
|
8/25 at 100.00
|
A
|
1,862,844
|
1,250
|
5.000%, 8/15/29
|
8/25 at 100.00
|
A
|
1,459,337
|
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine
|
|
|
|
|
Project, Series 2018B:
|
|
|
|
1,935
|
5.250%, 8/15/43
|
8/28 at 100.00
|
Baa3
|
2,358,204
|
5,000
|
5.250%, 8/15/48
|
8/28 at 100.00
|
Baa3
|
6,062,900
|
10,000
|
Oklahoma State Turnpike Authority, Turnpike System Revenue Bonds, Second Senior Series
|
1/26 at 100.00
|
AA–
|
11,737,900
|
|
2017A, 5.000%, 1/01/42
|
|
|
|
24,865
|
Total Oklahoma
|
|
|
29,460,657
|
|
Oregon – 0.7%
|
|
|
|
6,585
|
Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Refunding
|
5/27 at 100.00
|
AAA
|
8,230,855
|
|
Senior Lien Series 2017B, 5.000%, 11/15/28
|
|
|
|
5,330
|
University of Oregon, General Revenue Bonds, Series 2018A, 5.000%, 4/01/48
|
4/28 at 100.00
|
Aa2
|
6,492,313
|
11,915
|
Total Oregon
|
|
|
14,723,168
|
|
Pennsylvania – 1.3%
|
|
|
|
3,155
|
Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds,
|
2/27 at 100.00
|
AA–
|
3,782,656
|
|
Geisinger Health System, Series 2017A-2, 5.000%, 2/15/39
|
|
|
|
2,000
|
Pennsylvania State University, Revenue Bonds, Refunding Series 2016A, 5.000%, 9/01/41
|
9/26 at 100.00
|
Aa1
|
2,402,940
|
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue
|
|
|
|
|
Bonds, Subordinate Series 2011B:
|
|
|
|
1,405
|
5.000%, 12/01/41 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
A2 (4)
|
1,444,719
|
1,310
|
5.000%, 12/01/41 (Pre-refunded 12/01/21)
|
12/21 at 100.00
|
AA– (4)
|
1,346,654
|
7,500
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue
|
12/22 at 100.00
|
AA– (4)
|
8,071,950
|
|
Bonds, Subordinate Series 2013A, 5.000%, 12/01/43 (Pre-refunded 12/01/22)
|
|
|
|
1,250
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate
|
12/26 at 100.00
|
AA–
|
1,406,538
|
|
Special Revenue Bonds, Series 2014A, 0.000%, 12/01/37 (5)
|
|
|
|
3,000
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2020B, 5.000%, 12/01/50
|
12/30 at 100.00
|
A+
|
3,808,680
|
3,645
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A,
|
12/30 at 100.00
|
A
|
4,216,645
|
|
4.000%, 12/01/50
|
|
|
|
570
|
Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue
|
9/29 at 100.00
|
AA
|
686,622
|
|
Bonds, Refunding Subordinate Series 2019B, 4.000%, 9/01/34 – AGM Insured
|
|
|
|
1,350
|
Susquehanna Area Regional Airport Authority, Pennsylvania, Airport System Revenue Bonds,
|
1/28 at 100.00
|
Baa3
|
1,500,201
|
|
Series 2017, 5.000%, 1/01/38 (AMT)
|
|
|
|
25,185
|
Total Pennsylvania
|
|
|
28,667,605
|
|
Puerto Rico – 1.7%
|
|
|
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:
|
|
|
|
6,031
|
0.000%, 7/01/33
|
7/28 at 86.06
|
N/R
|
4,369,701
|
15,388
|
4.500%, 7/01/34
|
7/25 at 100.00
|
N/R
|
16,828,625
|
9,039
|
4.550%, 7/01/40
|
7/28 at 100.00
|
N/R
|
10,031,663
|
5,320
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured
|
7/28 at 100.00
|
N/R
|
5,904,242
|
|
Cofina Project Series 2019A-2A, 4.550%, 7/01/40
|
|
|
|
35,778
|
Total Puerto Rico
|
|
|
37,134,231
|
NUV
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
South Carolina – 1.8%
|
|
|
|
|
Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2004A-2:
|
|
|
|
$ 12,760
|
0.000%, 1/01/28 – AGC Insured
|
No Opt. Call
|
AA
|
$ 11,680,249
|
9,535
|
0.000%, 1/01/29 – AGC Insured
|
No Opt. Call
|
AA
|
8,498,355
|
8,000
|
South Carolina Public Service Authority Santee Cooper Revenue Obligations, Refunding
|
12/26 at 100.00
|
A
|
9,553,040
|
|
Series 2016B, 5.000%, 12/01/56
|
|
|
|
5,500
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding &
|
6/25 at 100.00
|
A
|
6,350,905
|
|
Improvement Series 2015A, 5.000%, 12/01/50
|
|
|
|
3,455
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series
|
6/24 at 100.00
|
A
|
3,926,089
|
|
2014A, 5.500%, 12/01/54
|
|
|
|
39,250
|
Total South Carolina
|
|
|
40,008,638
|
|
Tennessee – 0.7%
|
|
|
|
1,450
|
Memphis, Tennessee, Sanitary Sewerage System Revenue Bonds, Refunding Series 2020B,
|
10/30 at 100.00
|
AA+
|
1,876,677
|
|
5.000%, 10/01/45
|
|
|
|
2,260
|
Metropolitan Government of Nashville-Davidson County, Tennessee, Water and Sewerage
|
7/27 at 100.00
|
AA
|
2,785,902
|
|
Revenue Bonds, Green Series 2017A, 5.000%, 7/01/42
|
|
|
|
3,000
|
Tennessee State School Bond Authority, Higher Educational Facilities Second Program
|
11/27 at 100.00
|
AA+
|
3,679,860
|
|
Bonds, Series 2017A, 5.000%, 11/01/42
|
|
|
|
7,245
|
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C, 4.000%,
|
2/23 at 100.43
|
A2
|
7,735,197
|
|
5/01/48 (Mandatory Put 5/01/23)
|
|
|
|
13,955
|
Total Tennessee
|
|
|
16,077,636
|
|
Texas – 15.1%
|
|
|
|
14,355
|
Bexar County Hospital District, Texas, Certificates of Obligation, Series 2018, 4.000%,
|
2/27 at 100.00
|
Aa1
|
16,419,249
|
|
2/15/43 (UB) (7)
|
|
|
|
2,420
|
Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien Series
|
1/23 at 100.00
|
A– (4)
|
2,616,407
|
|
2013A, 5.000%, 1/01/43 (Pre-refunded 1/01/23)
|
|
|
|
2,680
|
Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Subordinate Lien
|
1/30 at 100.00
|
BBB+
|
3,115,902
|
|
Series 2020G, 4.000%, 1/01/45
|
|
|
|
745
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2020A,
|
1/30 at 100.00
|
A–
|
940,197
|
|
5.000%, 1/01/40
|
|
|
|
7,500
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Improvement Series
|
11/21 at 100.00
|
A1 (4)
|
7,677,525
|
|
2012D, 5.000%, 11/01/38 (Pre-refunded 11/01/21) (AMT)
|
|
|
|
240
|
Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series
|
9/24 at 100.00
|
BBB–
|
267,686
|
|
2014A, 5.250%, 9/01/44
|
|
|
|
5,000
|
El Paso County Hospital District, Texas, General Obligation Bonds, Certificates of
|
8/23 at 100.00
|
A–
|
5,294,750
|
|
Obligation Series 2013, 5.000%, 8/15/39
|
|
|
|
|
Fort Bend County Municipal Utility District 50, Texas, General Obligation Bonds, Series 2018A:
|
|
|
|
2,600
|
4.000%, 9/01/46 – AGM Insured
|
9/23 at 100.00
|
AA
|
2,742,194
|
5,500
|
4.000%, 9/01/48 – AGM Insured
|
9/23 at 100.00
|
AA
|
5,723,850
|
3,335
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Refunding
|
4/30 at 100.00
|
A+
|
3,879,239
|
|
First Tier Series 2020C, 4.000%, 10/01/49
|
|
|
|
27,340
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate
|
10/23 at 100.00
|
AA (4)
|
30,547,529
|
|
Lien Series 2013B, 5.000%, 4/01/53 (Pre-refunded 10/01/23)
|
|
|
|
2,845
|
Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
6/25 at 100.00
|
AA
|
3,098,234
|
|
Houston Methodist Hospital System, Series 2015, 4.000%, 12/01/45
|
|
|
|
4,000
|
Harris County, Texas, Toll Road Revenue Bonds, Refunding First Lien Series 2021A,
|
8/30 at 100.00
|
Aa2
|
4,796,560
|
|
4.000%, 8/15/45
|
|
|
|
7,295
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Capital Appreciation
|
11/31 at 39.79
|
AA
|
2,016,995
|
|
Refunding Senior Lien Series 2014A, 0.000%, 11/15/50 – AGM Insured
|
|
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H:
|
|
|
|
845
|
0.000%, 11/15/27 (ETM)
|
No Opt. Call
|
Baa2 (4)
|
789,137
|
11,055
|
0.000%, 11/15/27
|
No Opt. Call
|
Baa2
|
9,407,473
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Texas (continued)
|
|
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien
|
|
|
|
|
Series 2014C:
|
|
|
|
$ 425
|
5.000%, 11/15/23
|
No Opt. Call
|
Baa1
|
$ 467,249
|
1,565
|
5.000%, 11/15/31
|
11/24 at 100.00
|
Baa1
|
1,747,933
|
14,905
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3,
|
11/24 at 59.10
|
Baa2
|
8,008,755
|
|
0.000%, 11/15/33 – NPFG Insured
|
|
|
|
|
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018B:
|
|
|
|
1,590
|
5.000%, 7/01/43
|
7/28 at 100.00
|
A1
|
1,951,566
|
2,290
|
5.000%, 7/01/48
|
7/28 at 100.00
|
A1
|
2,810,929
|
|
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and
|
|
|
|
|
Entertainment Project, Series 2001B:
|
|
|
|
24,755
|
0.000%, 9/01/29 – AMBAC Insured
|
No Opt. Call
|
A
|
20,598,883
|
12,940
|
0.000%, 9/01/30 – AMBAC Insured
|
No Opt. Call
|
A
|
10,386,679
|
10,000
|
0.000%, 9/01/31 – AMBAC Insured
|
No Opt. Call
|
A
|
7,751,200
|
19,500
|
0.000%, 9/01/32 – AMBAC Insured
|
No Opt. Call
|
A
|
14,616,810
|
5,120
|
Leander Independent School District, Williamson and Travis Counties, Texas, General
|
8/25 at 100.00
|
AAA
|
5,991,526
|
|
Obligation Bonds, Refunding Series 2015A, 5.000%, 8/15/39
|
|
|
|
4,510
|
Leander Independent School District, Williamson and Travis Counties, Texas, General
|
8/26 at 100.00
|
AAA
|
5,323,739
|
|
Obligation Bonds, Refunding Series 2016A, 5.000%, 8/15/49
|
|
|
|
2,000
|
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds,
|
11/22 at 100.00
|
Baa1
|
2,130,020
|
|
Southwest Airlines Company – Love Field Modernization Program Project, Series 2012,
|
|
|
|
|
5.000%, 11/01/28 (AMT)
|
|
|
|
3,570
|
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA
|
5/30 at 100.00
|
A+
|
4,467,355
|
|
Transmission Services Corporation Project, Refunding Series 2020A, 5.000%, 5/15/50
|
|
|
|
|
Lubbock, Texas, Electric Light and Power System Revenue Bonds, Series 2018:
|
|
|
|
2,170
|
5.000%, 4/15/40
|
4/28 at 100.00
|
A+
|
2,633,230
|
3,930
|
5.000%, 4/15/43
|
4/28 at 100.00
|
A+
|
4,743,235
|
1,750
|
Martin County Hospital District, Texas, Combination Limited Tax and Revenue Bonds,
|
6/21 at 100.00
|
BBB+
|
1,755,495
|
|
Series 2011A, 7.250%, 4/01/36
|
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital
|
|
|
|
|
Appreciation Series 2008I:
|
|
|
|
30,000
|
6.200%, 1/01/42 – AGC Insured
|
1/25 at 100.00
|
AA
|
35,482,200
|
5,220
|
6.500%, 1/01/43
|
1/25 at 100.00
|
A+
|
6,211,226
|
15,450
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008D,
|
No Opt. Call
|
AA
|
11,484,294
|
|
0.000%, 1/01/36 – AGC Insured
|
|
|
|
9,020
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B,
|
1/23 at 100.00
|
A+
|
9,632,819
|
|
5.000%, 1/01/40
|
|
|
|
8,000
|
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier Series 2017B,
|
1/27 at 100.00
|
A
|
9,634,960
|
|
5.000%, 1/01/43
|
|
|
|
9,100
|
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series
|
1/25 at 100.00
|
A
|
10,521,329
|
|
2015A, 5.000%, 1/01/32
|
|
|
|
2,000
|
San Antonio Convention Center Hotel Finance Corporation, Texas, Contract Revenue
|
6/21 at 100.00
|
A3
|
2,001,220
|
|
Empowerment Zone Bonds, Series 2005A, 5.000%, 7/15/39 – AMBAC Insured (AMT)
|
|
|
|
1,750
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
8/26 at 100.00
|
AA
|
2,068,080
|
|
Texas Health Resources System, Series 2016A, 5.000%, 2/15/41
|
|
|
|
5,505
|
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds,
|
No Opt. Call
|
A2
|
6,468,815
|
|
Senior Lien Series 2008D, 6.250%, 12/15/26
|
|
|
|
|
Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE
|
|
|
|
|
Mobility Partners LLC North Tarrant Express Managed Lanes Project, Refunding Senior Lien
|
|
|
|
|
Series 2019A:
|
|
|
|
1,400
|
5.000%, 12/31/35
|
12/29 at 100.00
|
Baa2
|
1,767,402
|
3,000
|
5.000%, 12/31/36
|
12/29 at 100.00
|
Baa2
|
3,778,290
|
7,180
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding
|
8/22 at 100.00
|
A (4)
|
7,620,493
|
|
First Tier Series 2012A, 5.000%, 8/15/41 (Pre-refunded 8/15/22)
|
|
|
|
NUV
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Texas (continued)
|
|
|
|
$ 3,000
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding
|
8/24 at 100.00
|
A
|
$ 3,376,530
|
|
First Tier Series 2015B, 5.000%, 8/15/37
|
|
|
|
1,750
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding
|
8/24 at 100.00
|
A–
|
1,968,803
|
|
Second Tier Series 2015C, 5.000%, 8/15/33
|
|
|
|
5,500
|
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series
|
No Opt. Call
|
A
|
5,271,530
|
|
2002A, 0.000%, 8/15/25 – AMBAC Insured
|
|
|
|
|
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master
|
|
|
|
|
Trust Series 2017A:
|
|
|
|
12,500
|
4.000%, 10/15/42 (UB) (7)
|
10/27 at 100.00
|
AAA
|
14,613,000
|
6,500
|
5.000%, 10/15/42
|
10/27 at 100.00
|
AAA
|
8,059,090
|
335,650
|
Total Texas
|
|
|
334,677,612
|
|
Utah – 1.0%
|
|
|
|
5,345
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017B, 5.000%, 7/01/42
|
7/27 at 100.00
|
A
|
6,436,716
|
3,500
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018B, 5.000%, 7/01/43
|
7/28 at 100.00
|
A
|
4,261,565
|
2,500
|
Salt Lake City, Utah, Public Utilities Revenue Bonds, Series 2020, 4.000%, 2/01/47
|
2/29 at 100.00
|
AAA
|
2,938,400
|
|
Salt Lake County, Utah, Sales Tax Revenue Bonds, TRCC Series 2017:
|
|
|
|
695
|
5.000%, 2/01/36
|
2/27 at 100.00
|
AAA
|
841,207
|
1,150
|
5.000%, 2/01/37
|
2/27 at 100.00
|
AAA
|
1,388,890
|
|
Utah Associated Municipal Power Systems, Revenue Bonds, Horse Butte Wind Project,
|
|
|
|
|
Refunding Series 2017A:
|
|
|
|
1,250
|
5.000%, 9/01/29
|
3/28 at 100.00
|
AA–
|
1,555,737
|
1,000
|
5.000%, 9/01/30
|
3/28 at 100.00
|
AA–
|
1,237,120
|
1,250
|
5.000%, 9/01/31
|
3/28 at 100.00
|
AA–
|
1,540,763
|
660
|
5.000%, 9/01/32
|
3/28 at 100.00
|
AA–
|
811,166
|
540
|
Utah Water Finance Agency, Revenue Bonds, Pooled Loan Financing Program, Series 2017A,
|
3/27 at 100.00
|
AA
|
648,578
|
|
5.000%, 3/01/37
|
|
|
|
17,890
|
Total Utah
|
|
|
21,660,142
|
|
Virginia – 0.9%
|
|
|
|
1,805
|
Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds,
|
7/26 at 100.00
|
BBB
|
2,092,482
|
|
First Tier Series 2016, 5.000%, 7/01/46
|
|
|
|
4,355
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed
|
5/21 at 100.00
|
B–
|
4,379,170
|
|
Bonds, Series 2007B1, 5.000%, 6/01/47
|
|
|
|
4,100
|
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3
|
6/27 at 100.00
|
BBB
|
4,911,308
|
|
Project, Senior Lien Series 2017, 5.000%, 12/31/49 (AMT)
|
|
|
|
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
|
|
|
|
|
Crossing, Opco LLC Project, Series 2012:
|
|
|
|
4,180
|
5.250%, 1/01/32 (AMT)
|
7/22 at 100.00
|
BBB
|
4,394,978
|
1,355
|
6.000%, 1/01/37 (AMT)
|
7/22 at 100.00
|
BBB
|
1,437,194
|
3,770
|
5.500%, 1/01/42 (AMT)
|
7/22 at 100.00
|
BBB
|
3,970,225
|
19,565
|
Total Virginia
|
|
|
21,185,357
|
|
Washington – 3.2%
|
|
|
|
|
Port of Seattle, Washington, Revenue Bonds, Refunding Intermediate Lien Series 2016:
|
|
|
|
1,930
|
5.000%, 2/01/29
|
2/26 at 100.00
|
AA–
|
2,318,876
|
1,000
|
5.000%, 2/01/30
|
2/26 at 100.00
|
AA–
|
1,200,460
|
|
Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue
|
|
|
|
|
Bonds, Series 2017:
|
|
|
|
1,175
|
5.000%, 12/01/38
|
6/27 at 100.00
|
A1
|
1,353,389
|
5,000
|
5.000%, 12/01/41
|
6/27 at 100.00
|
A1
|
5,729,600
|
1,390
|
Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series
|
8/29 at 100.00
|
BBB+
|
1,574,759
|
|
2019A-1, 4.000%, 8/01/44
|
|
|
|
12,000
|
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health &
|
10/22 at 100.00
|
AA–
|
12,747,120
|
|
Services, Refunding Series 2012A, 5.000%, 10/01/33
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Washington (continued)
|
|
|
|
$ 1,310
|
Washington Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical
|
8/27 at 100.00
|
BBB–
|
$ 1,571,803
|
|
Center, Series 2017, 5.000%, 8/15/30
|
|
|
|
|
Washington State Convention Center Public Facilities District, Lodging Tax Revenue
|
|
|
|
|
Bonds, Series 2018:
|
|
|
|
2,715
|
5.000%, 7/01/36
|
7/28 at 100.00
|
Baa3
|
3,222,786
|
7,200
|
5.000%, 7/01/43
|
7/28 at 100.00
|
Baa3
|
8,449,056
|
7,000
|
4.000%, 7/01/58
|
7/28 at 100.00
|
Baa3
|
7,602,280
|
3,000
|
5.000%, 7/01/58
|
7/28 at 100.00
|
Baa3
|
3,479,940
|
|
Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2002-03C:
|
|
|
|
9,100
|
0.000%, 6/01/29 – NPFG Insured
|
No Opt. Call
|
Aaa
|
8,175,986
|
16,195
|
0.000%, 6/01/30 – NPFG Insured
|
No Opt. Call
|
Aaa
|
14,148,762
|
69,015
|
Total Washington
|
|
|
71,574,817
|
|
West Virginia – 0.7%
|
|
|
|
1,830
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Cabell Huntington
|
1/29 at 100.00
|
BBB+
|
2,252,437
|
|
Hospital, Inc Project, Refunding & Improvement Series 2018A, 5.000%, 1/01/36
|
|
|
|
3,750
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area
|
9/29 at 100.00
|
Baa1
|
4,566,938
|
|
Medical Center, Refunding & Improvement Series 2019A, 5.000%, 9/01/39
|
|
|
|
3,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United
|
6/23 at 100.00
|
A (4)
|
3,327,720
|
|
Health System Obligated Group, Refunding & Improvement Series 2013A, 5.500%, 6/01/44
|
|
|
|
|
(Pre-refunded 6/01/23)
|
|
|
|
3,570
|
West Virginia Parkways Authority, Turnpike Toll Revenue Bonds, Senior Lien Series 2018,
|
6/28 at 100.00
|
AA–
|
4,400,453
|
|
5.000%, 6/01/43
|
|
|
|
12,150
|
Total West Virginia
|
|
|
14,547,548
|
|
Wisconsin – 0.8%
|
|
|
|
2,375
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
2/22 at 100.00
|
A–
|
2,443,353
|
|
Series 2012B, 5.000%, 2/15/40
|
|
|
|
4,410
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance,
|
6/22 at 100.00
|
A3
|
4,594,073
|
|
Inc, Series 2012, 5.000%, 6/01/39
|
|
|
|
6,600
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health
|
8/22 at 100.00
|
N/R (4)
|
7,009,332
|
|
Care, Inc, Refunding 2012C, 5.000%, 8/15/32 (Pre-refunded 8/15/22)
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds,
|
|
|
|
|
Ascension Health Alliance Senior Credit Group, Series 2016A:
|
|
|
|
935
|
4.000%, 11/15/46 (Pre-refunded 5/15/26)
|
5/26 at 100.00
|
N/R (4)
|
1,091,285
|
2,415
|
4.000%, 11/15/46
|
5/26 at 100.00
|
AA+
|
2,681,544
|
16,735
|
Total Wisconsin
|
|
|
17,819,587
|
|
Wyoming – 0.1%
|
|
|
|
1,850
|
West Park Hospital District, Wyoming, Hospital Revenue Bonds, Series 2011A,
|
6/21 at 100.00
|
BBB
|
1,859,398
|
|
7.000%, 6/01/40
|
|
|
|
$ 2,134,521
|
Total Long-Term Investments (cost $1,948,432,760)
|
|
|
2,220,710,890
|
|
Floating Rate Obligations – (1.3)%
|
|
|
(29,705,000)
|
|
Other Assets Less Liabilities – 1.3%
|
|
|
30,002,729
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 2,221,008,619
|
NUV
|
Nuveen Municipal Value Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
(1)
|
All percentages shown in the Portfolio of Investments are based on net assets.
|
(2)
|
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic
principal paydowns.
|
(3)
|
For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of
split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings
designated N/R are not rated by any of these national rating agencies.
|
(4)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.
|
(5)
|
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)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.
|
144A
|
Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified
institutional buyers.
|
AMT
|
Alternative Minimum Tax
|
ETM
|
Escrowed to maturity
|
PIK
|
Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the
last PIK payment made by the issuer as of the end of the reporting period.
|
UB
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 4 – Portfolio Securities and Investments in Derivatives for more information.
|
WI/DD
|
Purchased on a when-issued or delayed delivery basis.
|
|
See accompanying notes to financial statements.
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
LONG-TERM INVESTMENTS – 99.4%
|
|
|
|
|
MUNICIPAL BONDS – 99.3%
|
|
|
|
|
Alaska – 0.1%
|
|
|
|
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed
|
|
|
|
|
Bonds, Series 2006A:
|
|
|
|
$ 45
|
4.625%, 6/01/23
|
5/21 at 100.00
|
A1
|
$ 45,730
|
385
|
5.000%, 6/01/46
|
5/21 at 100.00
|
B3
|
389,840
|
430
|
Total Alaska
|
|
|
435,570
|
|
Arizona – 1.5%
|
|
|
|
345
|
Phoenix Civic Improvement Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate
|
7/30 at 100.00
|
AAA
|
414,221
|
|
Lien Series 2020A, 4.000%, 7/01/45
|
|
|
|
3,045
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy
|
No Opt. Call
|
A3
|
4,285,167
|
|
Inc Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37
|
|
|
|
3,390
|
Total Arizona
|
|
|
4,699,388
|
|
California – 12.4%
|
|
|
|
1,790
|
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second
|
10/26 at 100.00
|
BBB+
|
2,109,587
|
|
Subordinate Lien Series 2016B, 5.000%, 10/01/37
|
|
|
|
1,730
|
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement
|
No Opt. Call
|
AA
|
1,481,330
|
|
Project, Series 1997C, 0.000%, 9/01/30 – AGM Insured
|
|
|
|
45
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,
|
6/30 at 100.00
|
BBB+
|
52,191
|
|
Los Angeles County Securitization Corporation, Series 2020A, 4.000%, 6/01/49
|
|
|
|
340
|
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San
|
1/29 at 100.00
|
BBB
|
405,691
|
|
Diego County Water Authority Desalination Project Pipeline, Refunding Series 2019, 5.000%,
|
|
|
|
|
11/21/45, 144A
|
|
|
|
540
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement
|
6/22 at 100.00
|
N/R
|
557,955
|
|
Asset-Backed Bonds, Series 2018A-1, 5.000%, 6/01/47
|
|
|
|
2,040
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International
|
5/29 at 100.00
|
Aa3
|
2,656,978
|
|
Airport, Private Activity/Non AMT Refunding Subordinate Series 2019C, 5.000%, 5/15/30
|
|
|
|
450
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts,
|
No Opt. Call
|
A
|
737,608
|
|
Series 2009A, 6.500%, 11/01/39
|
|
|
|
10,200
|
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 7.000%,
|
8/29 at 100.00
|
AA
|
14,538,060
|
|
8/01/38 – AGC Insured
|
|
|
|
1,030
|
Poway Unified School District, San Diego County, California, General Obligation Bonds,
|
No Opt. Call
|
Aa2
|
779,463
|
|
School Facilities Improvement District 2007-1, Series 2011A, 0.000%, 8/01/35
|
|
|
|
2,470
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco
|
5/27 at 100.00
|
A1
|
2,997,172
|
|
International Airport, Governmental Purpose Second Series 2017B, 5.000%, 5/01/47
|
|
|
|
12,955
|
San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997
|
No Opt. Call
|
AA
|
9,929,101
|
|
Election Series 2012G, 0.000%, 8/01/35 – AGM Insured
|
|
|
|
5,185
|
San Ysidro School District, San Diego County, California, General Obligation Bonds,
|
8/25 at 36.88
|
AA
|
1,789,395
|
|
Refunding Series 2015, 0.000%, 8/01/44
|
|
|
|
700
|
Victor Elementary School District, San Bernardino County, California, General Obligation
|
No Opt. Call
|
Aa3
|
684,999
|
|
Bonds, Series 2002A, 0.000%, 8/01/24 – FGIC Insured
|
|
|
|
39,475
|
Total California
|
|
|
38,719,530
|
|
Colorado – 5.4%
|
|
|
|
3,025
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health,
|
8/29 at 100.00
|
BBB+
|
3,727,980
|
|
Series 2019A-2, 5.000%, 8/01/44
|
|
|
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Colorado (continued)
|
|
|
|
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center
|
|
|
|
|
Hotel, Refunding Senior Lien Series 2016:
|
|
|
|
$ 1,000
|
5.000%, 12/01/30
|
12/26 at 100.00
|
Baa2
|
$ 1,176,080
|
1,500
|
5.000%, 12/01/36
|
12/26 at 100.00
|
Baa2
|
1,738,575
|
3,540
|
Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2019A,
|
12/29 at 100.00
|
BBB
|
4,119,002
|
|
4.000%, 12/01/37
|
|
|
|
5,885
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A, 0.000%,
|
No Opt. Call
|
A
|
4,503,026
|
|
9/01/34 – NPFG Insured
|
|
|
|
1,000
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado
|
No Opt. Call
|
A+
|
1,550,810
|
|
Springs Utilities, Series 2008, 6.500%, 11/15/38
|
|
|
|
15,950
|
Total Colorado
|
|
|
16,815,473
|
|
Delaware – 0.2%
|
|
|
|
|
Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2014A:
|
|
|
|
150
|
4.125%, 1/01/39
|
1/24 at 100.00
|
A1
|
160,587
|
200
|
5.000%, 1/01/44
|
1/24 at 100.00
|
A1
|
220,704
|
130
|
Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2019,
|
1/29 at 100.00
|
A1
|
148,699
|
|
4.000%, 1/01/44
|
|
|
|
480
|
Total Delaware
|
|
|
529,990
|
|
District of Columbia – 1.1%
|
|
|
|
315
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed
|
No Opt. Call
|
A–
|
349,745
|
|
Bonds, Series 2001, 6.500%, 5/15/33
|
|
|
|
1,735
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/29 at 100.00
|
A–
|
2,135,698
|
|
Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B,
|
|
|
|
|
5.000%, 10/01/47
|
|
|
|
1,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
4/22 at 100.00
|
A–
|
1,037,040
|
|
Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A,
|
|
|
|
|
5.000%, 10/01/53
|
|
|
|
3,050
|
Total District of Columbia
|
|
|
3,522,483
|
|
Florida – 3.9%
|
|
|
|
1,035
|
Broward County, Florida, Half-Cent Sales Tax Revenue Bonds, Refunding Series 2020,
|
10/30 at 100.00
|
AA+
|
1,253,996
|
|
4.000%, 10/01/40
|
|
|
|
1,055
|
Fort Myers, Florida, Utility System Revenue Bonds, Refunding Series 2019A, 4.000%, 10/01/44
|
10/28 at 100.00
|
Aa3
|
1,221,553
|
500
|
Gainesville, Florida, Utilities System Revenue Bonds, Series 2017A, 5.000%, 10/01/37
|
10/27 at 100.00
|
AA–
|
619,430
|
1,605
|
Lakeland, Florida, Hospital System Revenue Bonds, Lakeland Regional Health, Series 2015,
|
11/24 at 100.00
|
A2
|
1,802,463
|
|
5.000%, 11/15/45
|
|
|
|
535
|
Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City
|
2/24 at 100.00
|
AA
|
594,604
|
|
Center/Historic Convention Village, Series 2015A, 5.000%, 2/01/44 – AGM Insured
|
|
|
|
3,350
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Refunding Series
|
10/25 at 100.00
|
AA–
|
3,984,222
|
|
2017B, 5.000%, 10/01/32
|
|
|
|
510
|
Putnam County Development Authority, Florida, Pollution Control Revenue Bonds, Seminole
|
5/28 at 100.00
|
A–
|
616,605
|
|
Electric Cooperative, Inc Project, Refunding Series 2018B, 5.000%, 3/15/42
|
|
|
|
375
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible,
|
5/22 at 100.00
|
N/R
|
326,779
|
|
Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (4)
|
|
|
|
525
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note,
|
6/21 at 100.00
|
N/R
|
5
|
|
Series 2007-3, 6.450%, 5/01/23 (5)
|
|
|
|
1,315
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
|
6/21 at 100.00
|
N/R
|
1,262,597
|
|
Series 2015-1, 0.000%, 5/01/40 (4)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Florida (continued)
|
|
|
|
$ 805
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
|
6/21 at 100.00
|
N/R
|
$ 603,525
|
|
Series 2015-2, 0.000%, 5/01/40 (4)
|
|
|
|
880
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
|
6/21 at 100.00
|
N/R
|
9
|
|
Series 2015-3, 6.610%, 5/01/40 (5)
|
|
|
|
12,490
|
Total Florida
|
|
|
12,285,788
|
|
Georgia – 2.9%
|
|
|
|
2,470
|
Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia
|
No Opt. Call
|
A–
|
2,563,835
|
|
Power Company, Fourth Series 1994, 2.250%, 10/01/32 (Mandatory Put 5/25/23)
|
|
|
|
2,000
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation
|
2/27 at 100.00
|
AA
|
2,416,520
|
|
Certificates, Northeast Georgia Health Services Inc, Series 2017B, 5.500%, 2/15/42
|
|
|
|
1,470
|
Municipal Electric Authority of Georgia, General Resolution Projects Subordinated Bonds,
|
1/28 at 100.00
|
A1
|
1,759,076
|
|
Series 20188HH, 5.000%, 1/01/44
|
|
|
|
2,000
|
Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien
|
1/25 at 100.00
|
A2
|
2,279,100
|
|
Series 2015A, 5.000%, 1/01/35
|
|
|
|
7,940
|
Total Georgia
|
|
|
9,018,531
|
|
Guam – 0.0%
|
|
|
|
120
|
Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.250%, 1/01/36
|
1/22 at 100.00
|
BB
|
123,542
|
|
Illinois – 8.2%
|
|
|
|
2,000
|
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds,
|
4/27 at 100.00
|
A–
|
2,404,140
|
|
Series 2016, 6.000%, 4/01/46
|
|
|
|
|
Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999:
|
|
|
|
470
|
0.000%, 1/01/33 – FGIC Insured
|
No Opt. Call
|
BBB+
|
345,464
|
3,000
|
0.000%, 1/01/37 – FGIC Insured
|
No Opt. Call
|
BBB+
|
1,903,470
|
2,000
|
Cook County, Illinois, Sales Tax Revenue Bonds, Series 2017, 5.000%, 11/15/38
|
11/27 at 100.00
|
AA–
|
2,479,460
|
1,800
|
Evanston, Cook County, Illinois, General Obligation Bonds, Corporate Purpose Series
|
12/29 at 100.00
|
AA+
|
2,227,590
|
|
2019A, 5.000%, 12/01/43
|
|
|
|
3,500
|
Illinois Finance Authority, State of Illinois Clean Water Initiative Revolving Fund
|
1/27 at 100.00
|
AAA
|
4,277,560
|
|
Revenue Bonds, Series 2017, 5.000%, 7/01/37
|
|
|
|
1,500
|
Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/27
|
No Opt. Call
|
BBB–
|
1,819,440
|
525
|
Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/27
|
No Opt. Call
|
BBB–
|
634,625
|
495
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
12/29 at 100.00
|
BBB
|
555,880
|
|
Bonds, Refunding Series 2020A, 4.000%, 6/15/50
|
|
|
|
11,420
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
No Opt. Call
|
BBB
|
7,214,928
|
|
Expansion Project, Series 2002A, 0.000%, 12/15/37 – NPFG Insured
|
|
|
|
615
|
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013,
|
10/23 at 100.00
|
A–
|
687,189
|
|
6.000%, 10/01/42
|
|
|
|
|
Will County Community Unit School District 201-U Crete-Monee, Illinois, General
|
|
|
|
|
Obligation Bonds, Capital Appreciation Series 2004:
|
|
|
|
300
|
0.000%, 11/01/23 – NPFG Insured (ETM)
|
No Opt. Call
|
Baa2 (6)
|
296,805
|
745
|
0.000%, 11/01/23 – FGIC Insured
|
No Opt. Call
|
A
|
726,576
|
28,370
|
Total Illinois
|
|
|
25,573,127
|
|
Indiana – 0.5%
|
|
|
|
1,500
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E, 0.000%, 2/01/25 –
|
No Opt. Call
|
AA
|
1,465,065
|
|
AMBAC Insured
|
|
|
|
|
Kentucky – 3.5%
|
|
|
|
1,150
|
Kenton County Airport Board, Kentucky, Airport Revenue Bonds, Cincinnati/Northern
|
1/26 at 100.00
|
A1
|
1,369,914
|
|
Kentucky International Airport, Series 2016, 5.000%, 1/01/29
|
|
|
|
1,000
|
Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington
|
9/28 at 100.00
|
A2
|
1,213,530
|
|
Center Corporation Project, Series 2018A, 5.000%, 9/01/43
|
|
|
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Kentucky (continued)
|
|
|
|
$ 2,500
|
Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds,
|
12/22 at 100.00
|
AA
|
$ 2,667,100
|
|
Louisville Arena Authority, Inc, Series 2017A, 5.000%, 12/01/47 – AGM Insured
|
|
|
|
1,000
|
Kentucky Economic Development Finance Authority, Revenue Bonds, CommonSpirit Health,
|
8/29 at 100.00
|
BBB+
|
1,278,630
|
|
Series 2019A-1, 5.000%, 8/01/32
|
|
|
|
3,750
|
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky
|
7/25 at 100.00
|
BBB+
|
4,161,525
|
|
Information Highway Project, Senior Series 2015A, 5.000%, 1/01/45
|
|
|
|
325
|
Louisville-Jefferson County Metropolitan Government, Kentucky, Environmental Facilities
|
No Opt. Call
|
A1
|
325,338
|
|
Revenue, Louisville Gas & Electric Company Project, Refunding Series 2007A, 1.650%, 6/01/33
|
|
|
|
|
(Mandatory Put 6/01/21)
|
|
|
|
9,725
|
Total Kentucky
|
|
|
11,016,037
|
|
Maine – 0.6%
|
|
|
|
1,545
|
Maine Turnpike Authority, Turnpike Revenue Bonds, Series 2020, 5.000%, 7/01/36
|
7/30 at 100.00
|
AA–
|
2,003,788
|
|
Maryland – 3.1%
|
|
|
|
|
Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017:
|
|
|
|
1,150
|
5.000%, 9/01/33
|
9/27 at 100.00
|
CCC
|
1,205,787
|
2,250
|
5.000%, 9/01/34
|
9/27 at 100.00
|
CCC
|
2,360,565
|
5,000
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar
|
5/27 at 100.00
|
A
|
6,024,600
|
|
Health Issue, Series 2017A, 5.000%, 5/15/42
|
|
|
|
8,400
|
Total Maryland
|
|
|
9,590,952
|
|
Michigan – 1.1%
|
|
|
|
1,000
|
Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of
|
11/28 at 100.00
|
Aa3
|
1,231,830
|
|
Wayne Criminal Justice Center Project, Senior Lien Series 2018, 5.000%, 11/01/43
|
|
|
|
500
|
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group,
|
12/22 at 100.00
|
AA– (6)
|
538,545
|
|
Refunding Series 2017A-MI, 5.000%, 12/01/47 (Pre-refunded 12/01/22)
|
|
|
|
1,500
|
Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco
|
12/30 at 100.00
|
BBB–
|
1,799,145
|
|
Receipts, Series 2020B-1-CL2, 5.000%, 6/01/49
|
|
|
|
3,000
|
Total Michigan
|
|
|
3,569,520
|
|
Minnesota – 1.1%
|
|
|
|
1,145
|
Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding Series 2017A, 5.000%, 12/01/47
|
12/26 at 100.00
|
AA
|
1,364,932
|
700
|
Southern Minnesota Municipal Power Agency, Badger Coulee Project Revenue Bonds, Series
|
1/30 at 100.00
|
AA–
|
902,909
|
|
2019A, 5.000%, 1/01/32
|
|
|
|
1,000
|
University of Minnesota, General Obligation Bonds, Series 2017A, 5.000%, 9/01/36
|
9/27 at 100.00
|
Aa1
|
1,231,990
|
2,845
|
Total Minnesota
|
|
|
3,499,831
|
|
Nebraska – 0.2%
|
|
|
|
500
|
Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012,
|
9/22 at 100.00
|
A2
|
531,460
|
|
5.000%, 9/01/42
|
|
|
|
|
Nevada – 5.3%
|
|
|
|
3,000
|
Clark County, Nevada, General Obligation Bonds, Transportation Improvement, Limited Tax,
|
12/28 at 100.00
|
AA+
|
3,805,380
|
|
Additionally Secured by Pledged Revenue Series 2018B, 5.000%, 12/01/33
|
|
|
|
4,000
|
Las Vegas Convention and Visitors Authority, Nevada, Revenue Bonds, Series 2018C,
|
7/28 at 100.00
|
Aa3
|
4,832,640
|
|
5.250%, 7/01/43
|
|
|
|
|
Las Vegas Convention and Visitors Authority, Nevada, Revenue Bonds, Series 2019B:
|
|
|
|
3,015
|
5.000%, 7/01/36
|
7/29 at 100.00
|
Aa3
|
3,676,189
|
1,665
|
5.000%, 7/01/37
|
7/29 at 100.00
|
Aa3
|
2,024,290
|
2,000
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series
|
12/24 at 100.00
|
Aa1
|
2,296,960
|
|
2015, 5.000%, 6/01/39
|
|
|
|
60
|
Sparks, Nevada, Sales Tax Revenue Bonds, Tourism Improvement District 1 Legends at
|
No Opt. Call
|
Ba2
|
61,810
|
|
Sparks Marina, Refunding Senior Series 2019A, 2.750%, 6/15/28, 144A
|
|
|
|
13,740
|
Total Nevada
|
|
|
16,697,269
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
New Jersey – 8.8%
|
|
|
|
|
Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue
|
|
|
|
|
Bonds, Cooper Health System Obligated Group Issue, Refunding Series 2014A:
|
|
|
|
$ 105
|
5.000%, 2/15/25
|
2/24 at 100.00
|
BBB+
|
$ 117,701
|
100
|
5.000%, 2/15/34
|
2/24 at 100.00
|
BBB+
|
109,664
|
105
|
Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue
|
2/23 at 100.00
|
BBB+
|
112,019
|
|
Bonds, Cooper Health System Obligated Group Issue, Series 2013A, 5.750%, 2/15/42
|
|
|
|
110
|
Camden County Improvement Authority, New Jersey, Lease Revenue Bonds, Rowan University
|
12/23 at 100.00
|
A
|
120,349
|
|
School of Osteopathic Medicine Project, Refunding Series 2013A, 5.000%, 12/01/32
|
|
|
|
80
|
Cumberland County Improvement Authority, New Jersey, Guaranteed Lease Revenue Bonds,
|
10/28 at 100.00
|
AA
|
91,559
|
|
County Correctional Facility Project, Series 2018, 4.000%, 10/01/43 – BAM Insured
|
|
|
|
|
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2018A:
|
|
|
|
175
|
5.000%, 1/01/37
|
1/29 at 100.00
|
A+
|
219,490
|
125
|
5.000%, 1/01/38
|
1/29 at 100.00
|
A+
|
156,079
|
295
|
Delaware River Port Authority, Pennsylvania and New Jersey, Revenue Refunding Bonds,
|
1/23 at 100.00
|
A
|
311,263
|
|
Port District Project, Series 2012, 5.000%, 1/01/27
|
|
|
|
245
|
Garden State Preservation Trust, New Jersey, Open Space and Farmland Preservation Bonds,
|
No Opt. Call
|
AA
|
303,817
|
|
Series 2005A, 5.750%, 11/01/28 – AGM Insured
|
|
|
|
|
Harrison, New Jersey, General Obligation Bonds, Parking Utility Series 2018:
|
|
|
|
35
|
3.125%, 3/01/31 – BAM Insured
|
3/28 at 100.00
|
AA
|
38,473
|
30
|
3.250%, 3/01/32 – BAM Insured
|
3/28 at 100.00
|
AA
|
33,113
|
50
|
3.500%, 3/01/36 – BAM Insured
|
3/28 at 100.00
|
AA
|
55,432
|
150
|
Hudson County Improvement Authority, New Jersey, County Secured Lease Revenue Bonds,
|
5/26 at 100.00
|
AA
|
179,649
|
|
Hudson County Vocational Technical Schools Project, Series 2016, 5.250%, 5/01/51
|
|
|
|
100
|
Jersey City, New Jersey, General Obligation Bonds, Refunding General Improvement Series
|
11/27 at 100.00
|
AA–
|
125,299
|
|
2017A, 5.000%, 11/01/29
|
|
|
|
50
|
Mercer County, New Jersey, General Obligation Bonds, General Capital Improvement Open
|
No Opt. Call
|
N/R
|
50,095
|
|
Space Farmland NotesSeries 2020A, 2.000%, 6/10/21
|
|
|
|
100
|
Middlesex County Improvement Authority, New Jersey, Senior Revenue Bonds, Heldrich
|
6/21 at 100.00
|
Caa3
|
69,925
|
|
Center Hotel/Conference Center Project, Series 2005A, 5.000%, 1/01/32 (5)
|
|
|
|
125
|
Middlesex County, New Jersey, General Obligation Bonds, Refunding Redevelopment Series
|
No Opt. Call
|
AAA
|
155,989
|
|
2017, 5.000%, 1/15/27
|
|
|
|
115
|
Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue
|
No Opt. Call
|
N/R
|
115,429
|
|
Bonds, Series 2020A, 2.000%, 7/12/21
|
|
|
|
20
|
Montclair Township, Essex County, New Jersey, General Obligation Bonds, Refunding
|
1/24 at 100.00
|
AAA
|
22,373
|
|
Parking Utility Series 2014A, 5.000%, 1/01/37
|
|
|
|
100
|
Montclair Township, Essex County, New Jersey, General Obligation Bonds, Refunding School
|
No Opt. Call
|
AAA
|
114,016
|
|
Series 2017B, 4.000%, 3/01/25
|
|
|
|
|
New Brunswick Parking Authority, Middlesex County, New Jersey, Guaranteed Parking
|
|
|
|
|
Revenue Bonds, Refunding Series 2016A:
|
|
|
|
300
|
5.000%, 9/01/32 – BAM Insured
|
9/26 at 100.00
|
AA
|
362,865
|
140
|
5.000%, 9/01/39 – BAM Insured
|
9/26 at 100.00
|
AA
|
167,327
|
25
|
New Jersey Economic Development Authority, Charter School Revenue Bonds, Foundation
|
1/28 at 100.00
|
BBB–
|
28,973
|
|
Academy Charter School, Series 2018A, 5.000%, 7/01/38
|
|
|
|
|
New Jersey Economic Development Authority, Charter School Revenue Bonds, North Star
|
|
|
|
|
Academy Charter School of Newark, Series 2017:
|
|
|
|
220
|
4.000%, 7/15/37
|
7/27 at 100.00
|
BBB–
|
239,908
|
25
|
5.000%, 7/15/47
|
7/27 at 100.00
|
BBB–
|
28,722
|
100
|
New Jersey Economic Development Authority, Charter School Revenue Bonds, Teaneck
|
9/27 at 100.00
|
BB
|
106,744
|
|
Community Charter School, Series 2017A, 5.125%, 9/01/52, 144A
|
|
|
|
|
New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds,
|
|
|
|
|
Series 2012:
|
|
|
|
250
|
5.000%, 6/15/25
|
6/22 at 100.00
|
BBB
|
260,575
|
400
|
5.000%, 6/15/28
|
6/22 at 100.00
|
BBB
|
414,764
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
New Jersey (continued)
|
|
|
|
$ 35
|
New Jersey Economic Development Authority, Fixed Rate Revenue Bonds, Lions Gate Project,
|
1/24 at 100.00
|
N/R
|
$ 35,334
|
|
Series 2014, 5.250%, 1/01/44
|
|
|
|
100
|
New Jersey Economic Development Authority, Lease Revenue Bonds, State House Project,
|
12/28 at 100.00
|
Baa1
|
117,177
|
|
Series 2017B, 4.500%, 6/15/40
|
|
|
|
215
|
New Jersey Economic Development Authority, Natural Gas Facilities Revenue Bonds, New
|
8/24 at 100.00
|
A1
|
217,679
|
|
Jersey Natural Gas Company Project, Refunding Series 2011A, 2.750%, 8/01/39
|
|
|
|
125
|
New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge,
|
7/27 at 100.00
|
Baa3
|
132,790
|
|
Refunding Series 2017A, 3.375%, 7/01/30
|
|
|
|
55
|
New Jersey Economic Development Authority, Revenue Bonds, Provident Group – Kean
|
1/27 at 100.00
|
B
|
57,660
|
|
Properties LLC – Kean University Student Housing Project, Series 2017A, 5.000%, 7/01/47
|
|
|
|
100
|
New Jersey Economic Development Authority, Revenue Bonds, Provident Group – Rowan
|
1/25 at 100.00
|
Ba3
|
104,300
|
|
Properties LLC – Rowan University Student Housing Project, Series 2015A, 5.000%, 1/01/48
|
|
|
|
115
|
New Jersey Economic Development Authority, Revenue Bonds, The Seeing Eye Inc, Refunding
|
No Opt. Call
|
A
|
132,682
|
|
Series 2015, 5.000%, 3/01/25
|
|
|
|
|
New Jersey Economic Development Authority, Revenue Bonds, The Seeing Eye Inc, Refunding
|
|
|
|
|
Series 2017:
|
|
|
|
20
|
3.000%, 6/01/32
|
12/27 at 100.00
|
A
|
20,543
|
15
|
5.000%, 6/01/32
|
12/27 at 100.00
|
A
|
17,710
|
140
|
New Jersey Economic Development Authority, Revenue Bonds, United Methodist Homes of New
|
7/23 at 100.00
|
BBB–
|
146,013
|
|
Jersey Obligated Group Issue, Refunding Series 2013, 5.000%, 7/01/34
|
|
|
|
40
|
New Jersey Economic Development Authority, Revenue Bonds, United Methodist Homes of New
|
7/24 at 100.00
|
BBB–
|
43,194
|
|
Jersey Obligated Group Issue, Refunding Series 2014A, 5.000%, 7/01/29
|
|
|
|
155
|
New Jersey Economic Development Authority, Revenue Bonds, West Campus Housing LLC – New
|
7/25 at 100.00
|
BB–
|
159,379
|
|
Jersey City University Student Housing Project, Series 2015, 5.000%, 7/01/47
|
|
|
|
100
|
New Jersey Economic Development Authority, Revenue Bonds, White Horse HMT Urban Renewal
|
1/28 at 102.00
|
N/R
|
100,105
|
|
LLC Project, Series 2020, 5.000%, 1/01/40, 144A
|
|
|
|
45
|
New Jersey Economic Development Authority, Rutgers University General Obligation Lease
|
6/23 at 100.00
|
Aa3 (6)
|
63,337
|
|
Revenue Bonds, Tender Option Bond Trust 2016-XF2357, 18.143%, 6/15/46 (Pre-refunded
|
|
|
|
|
6/15/23), 144A (IF) (7)
|
|
|
|
935
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
|
No Opt. Call
|
Baa1
|
1,197,726
|
|
2005N-1, 5.500%, 9/01/27 – NPFG Insured
|
|
|
|
15
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Social
|
12/30 at 100.00
|
Baa1
|
17,023
|
|
Series 2021QQQ, 4.000%, 6/15/50
|
|
|
|
145
|
New Jersey Educational Facilities Authority, Revenue Bonds, College of New Jersey,
|
7/26 at 100.00
|
A
|
153,145
|
|
Refunding Series 2016F, 3.000%, 7/01/40
|
|
|
|
100
|
New Jersey Educational Facilities Authority, Revenue Bonds, Kean University, Refunding
|
7/25 at 100.00
|
AA
|
110,143
|
|
Series 2015H, 4.000%, 7/01/39 – AGM Insured
|
|
|
|
50
|
New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University,
|
7/24 at 100.00
|
A+
|
55,799
|
|
Series 2014A, 5.000%, 7/01/44
|
|
|
|
|
New Jersey Educational Facilities Authority, Revenue Bonds, Rider University, Series 2012A:
|
|
|
|
100
|
5.000%, 7/01/32
|
7/21 at 100.00
|
BB+
|
100,205
|
30
|
5.000%, 7/01/37
|
7/21 at 100.00
|
BB+
|
30,049
|
|
New Jersey Educational Facilities Authority, Revenue Bonds, Rider University, Series 2017F:
|
|
|
|
5
|
3.750%, 7/01/37
|
7/27 at 100.00
|
BB+
|
4,789
|
100
|
4.000%, 7/01/42
|
7/27 at 100.00
|
BB+
|
96,800
|
100
|
5.000%, 7/01/47
|
7/27 at 100.00
|
BB+
|
104,240
|
75
|
New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University,
|
7/23 at 100.00
|
BBB+
|
79,986
|
|
Series 2013D, 5.000%, 7/01/38
|
|
|
|
|
New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University,
|
|
|
|
|
Series 2016C:
|
|
|
|
435
|
3.000%, 7/01/41
|
7/26 at 100.00
|
BBB+
|
446,767
|
50
|
3.000%, 7/01/46
|
7/26 at 100.00
|
BBB+
|
51,016
|
25
|
4.000%, 7/01/46
|
7/26 at 100.00
|
BBB+
|
26,972
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
New Jersey (continued)
|
|
|
|
|
New Jersey Educational Facilities Authority, Revenue Bonds, Stevens Institute of
|
|
|
|
|
Technology, Series 2017A:
|
|
|
|
$ 200
|
4.000%, 7/01/47
|
7/27 at 100.00
|
BBB+
|
$ 218,944
|
30
|
5.000%, 7/01/47
|
7/27 at 100.00
|
BBB+
|
34,758
|
25
|
New Jersey Educational Facilities Authority, Revenue Bonds, The College of Saint
|
7/26 at 100.00
|
BB
|
26,272
|
|
Elizabeth, Series 2016D, 5.000%, 7/01/46
|
|
|
|
200
|
New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint
|
7/21 at 100.00
|
BB+
|
201,270
|
|
Peters University Hospital, Refunding Series 2011, 6.250%, 7/01/35
|
|
|
|
80
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, AHS Hospital
|
1/27 at 100.00
|
AA–
|
88,933
|
|
Corporation, Refunding Series 2016, 4.000%, 7/01/41
|
|
|
|
230
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Barnabas Health,
|
7/24 at 100.00
|
AA–
|
259,534
|
|
Refunding Series 2014A, 5.000%, 7/01/44
|
|
|
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hackensack
|
|
|
|
|
Meridian Health Obligated Group, Refunding Series 2017A:
|
|
|
|
150
|
5.000%, 7/01/28
|
7/27 at 100.00
|
AA–
|
186,096
|
150
|
5.000%, 7/01/57
|
7/27 at 100.00
|
AA–
|
174,522
|
110
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hunterdon Medical
|
7/24 at 100.00
|
A+
|
114,936
|
|
Center, Refunding Series 2014A, 4.000%, 7/01/45
|
|
|
|
50
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Inspira Health
|
7/26 at 100.00
|
AA–
|
55,061
|
|
Obligated Group Issue, Refunding Series 2016A, 4.000%, 7/01/41
|
|
|
|
360
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Inspira Health
|
7/27 at 100.00
|
AA–
|
429,790
|
|
Obligated Group Issue, Series 2017A, 5.000%, 7/01/42 (UB) (7)
|
|
|
|
20
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Meridian Health
|
No Opt. Call
|
AA–
|
20,155
|
|
System Obligated Group, Refunding Series 2011, 5.000%, 7/01/21
|
|
|
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Palisades Medical
|
|
|
|
|
Center Obligated Group Issue, Refunding Series 2013:
|
|
|
|
20
|
5.250%, 7/01/31 (Pre-refunded 7/01/23)
|
7/23 at 100.00
|
N/R (6)
|
22,028
|
85
|
5.250%, 7/01/31 (Pre-refunded 7/01/23)
|
7/23 at 100.00
|
N/R (6)
|
94,298
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Princeton
|
|
|
|
|
HealthCare System, Series 2016A:
|
|
|
|
25
|
5.000%, 7/01/32
|
7/26 at 100.00
|
AA
|
30,179
|
40
|
5.000%, 7/01/33
|
7/26 at 100.00
|
AA
|
48,220
|
30
|
5.000%, 7/01/34
|
7/26 at 100.00
|
AA
|
36,077
|
130
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Robert Wood
|
7/24 at 100.00
|
AA–
|
146,955
|
|
Johnson University Hospital Issue, Series 2014A, 5.000%, 7/01/39
|
|
|
|
110
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Robert Wood
|
7/23 at 100.00
|
AA–
|
121,464
|
|
Johnson University Hospital, Series 2013A, 5.500%, 7/01/43
|
|
|
|
125
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas
|
7/26 at 100.00
|
AA–
|
149,642
|
|
Health Obligated Group, Refunding Series 2016A, 5.000%, 7/01/43
|
|
|
|
75
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas
|
7/21 at 100.00
|
N/R (6)
|
75,646
|
|
Health Care System, Refunding Series 2011A, 5.625%, 7/01/37 (Pre-refunded 7/01/21)
|
|
|
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph’s
|
|
|
|
|
Healthcare System Obligated Group Issue, Refunding Series 2016:
|
|
|
|
10
|
3.000%, 7/01/32
|
7/26 at 100.00
|
BBB–
|
10,587
|
405
|
4.000%, 7/01/48
|
7/26 at 100.00
|
BBB–
|
446,152
|
100
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Luke’s
|
8/23 at 100.00
|
A–
|
104,637
|
|
Warren Hospital Obligated Group, Series 2013, 4.000%, 8/15/37
|
|
|
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University
|
|
|
|
|
Hospital Issue, Refunding Series 2015A:
|
|
|
|
130
|
4.125%, 7/01/38 – AGM Insured
|
7/25 at 100.00
|
AA
|
142,025
|
110
|
5.000%, 7/01/46 – AGM Insured
|
7/25 at 100.00
|
AA
|
126,057
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
New Jersey (continued)
|
|
|
|
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Valley Health
|
|
|
|
|
System Obligated Group, Series 2019:
|
|
|
|
$ 50
|
4.000%, 7/01/44
|
7/29 at 100.00
|
A+
|
$ 58,093
|
205
|
3.000%, 7/01/49
|
7/29 at 100.00
|
A+
|
217,689
|
50
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Village Drive
|
10/26 at 102.00
|
N/R
|
47,775
|
|
Healthcare Urban Renewal LLC, Series 2018, 5.750%, 10/01/38, 144A
|
|
|
|
80
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Refunding
|
6/28 at 100.00
|
Aa1
|
82,777
|
|
Senior Series 2019A, 2.375%, 12/01/29
|
|
|
|
30
|
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series
|
5/21 at 100.00
|
Aaa
|
30,022
|
|
2010-2, 5.000%, 12/01/30
|
|
|
|
130
|
New Jersey Housing & Mortgage Finance Agency, Multifamily Conduit Revenue Bonds,
|
No Opt. Call
|
Aaa
|
132,244
|
|
Riverside Village Family Apartments Phase 1 Project, Series 2019F, 1.350%, 12/01/22
|
|
|
|
120
|
New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2015A,
|
11/24 at 100.00
|
AA–
|
126,446
|
|
4.000%, 11/01/45
|
|
|
|
270
|
New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2016B,
|
11/25 at 100.00
|
AA–
|
285,196
|
|
3.600%, 11/01/40
|
|
|
|
435
|
New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2018A,
|
11/27 at 100.00
|
AA–
|
482,907
|
|
3.875%, 11/01/38
|
|
|
|
100
|
New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2019A,
|
11/28 at 100.00
|
AA–
|
105,987
|
|
2.900%, 11/01/39
|
|
|
|
|
New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2019B:
|
|
|
|
175
|
1.375%, 11/01/21
|
No Opt. Call
|
AA–
|
176,001
|
200
|
1.500%, 5/01/23
|
No Opt. Call
|
AA–
|
204,132
|
|
New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds,
|
|
|
|
|
Series 2018A:
|
|
|
|
145
|
3.600%, 4/01/33
|
10/27 at 100.00
|
AA
|
158,698
|
90
|
3.750%, 10/01/35
|
10/27 at 100.00
|
AA
|
99,350
|
700
|
New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds,
|
4/28 at 100.00
|
AA
|
763,049
|
|
Series 2019C, 3.950%, 10/01/44 (UB) (7)
|
|
|
|
280
|
New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds,
|
4/29 at 100.00
|
AA
|
284,032
|
|
Series 2020E, 2.250%, 10/01/40
|
|
|
|
200
|
New Jersey Institute of Technology, New Jersey, General Obligation Bonds, Series 2015A,
|
7/25 at 100.00
|
A1
|
231,862
|
|
5.000%, 7/01/45
|
|
|
|
70
|
New Jersey State, General Obligation Bonds, Covid-19 Emergency Series 2020A,
|
No Opt. Call
|
A3
|
87,966
|
|
4.000%, 6/01/32
|
|
|
|
100
|
New Jersey State, General Obligation Bonds, Various Purpose Series 2020, 2.250%, 6/01/35
|
12/27 at 100.00
|
A3
|
100,795
|
5,020
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital
|
No Opt. Call
|
Baa1
|
3,997,878
|
|
Appreciation Series 2010A, 0.000%, 12/15/31
|
|
|
|
2,170
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
No Opt. Call
|
Baa1
|
1,310,593
|
|
2009A, 0.000%, 12/15/39
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011A:
|
|
|
|
75
|
6.000%, 6/15/35 (Pre-refunded 6/15/21)
|
6/21 at 100.00
|
Baa1 (6)
|
75,499
|
300
|
5.500%, 6/15/41 (Pre-refunded 6/15/21)
|
6/21 at 100.00
|
Baa1 (6)
|
301,833
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B:
|
|
|
|
180
|
5.500%, 6/15/31
|
6/21 at 100.00
|
Baa1
|
181,071
|
275
|
5.250%, 6/15/36
|
6/21 at 100.00
|
Baa1
|
276,493
|
70
|
5.000%, 6/15/37 (Pre-refunded 6/15/21)
|
6/21 at 100.00
|
Baa1 (6)
|
70,388
|
450
|
5.000%, 6/15/42 (Pre-refunded 6/15/21)
|
6/21 at 100.00
|
Baa1 (6)
|
452,493
|
50
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
6/22 at 100.00
|
Baa1
|
52,270
|
|
2012A, 5.000%, 6/15/42
|
|
|
|
255
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
6/25 at 100.00
|
Baa1
|
292,459
|
|
2015AA, 5.250%, 6/15/41
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
New Jersey (continued)
|
|
|
|
$ 50
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
12/29 at 100.00
|
Baa1
|
$ 57,273
|
|
2019A, 4.000%, 12/15/39
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB:
|
|
|
|
225
|
3.500%, 6/15/46
|
12/28 at 100.00
|
Baa1
|
239,337
|
100
|
4.000%, 6/15/50
|
12/28 at 100.00
|
Baa1
|
111,932
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2020AA:
|
|
|
|
30
|
4.000%, 6/15/45
|
12/30 at 100.00
|
Baa1
|
34,232
|
40
|
3.000%, 6/15/50
|
12/30 at 100.00
|
Baa1
|
41,159
|
70
|
5.000%, 6/15/50
|
12/30 at 100.00
|
Baa1
|
86,355
|
255
|
New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2015E, 5.000%, 1/01/45
|
1/25 at 100.00
|
A+
|
293,031
|
1,500
|
New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2021A, 4.000%, 1/01/42
|
1/31 at 100.00
|
A+
|
1,781,580
|
200
|
Ocean City, New Jersey, General Obligation Bonds, General Improvement Series 2019,
|
9/26 at 100.00
|
AA
|
209,158
|
|
2.250%, 9/15/33
|
|
|
|
60
|
Rutgers State University, New Jersey, Revenue Bonds, Tender Option Bond Trust
|
5/23 at 100.00
|
Aa3 (6)
|
83,317
|
|
2016-XF2356, 18.183%, 5/01/43 (Pre-refunded 5/01/23), 144A (IF) (7)
|
|
|
|
300
|
Salem County Pollution Control Financing Authority, New Jersey, Revenue Bonds, Atlantic
|
No Opt. Call
|
A
|
313,083
|
|
City Electric Company Project, Refunding Series 2020, 2.250%, 6/01/29
|
|
|
|
250
|
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds,
|
11/29 at 100.00
|
AA
|
323,892
|
|
Refunding Series 2019A, 5.000%, 11/01/31 – AGM Insured
|
|
|
|
30
|
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds,
|
11/30 at 100.00
|
BBB+
|
37,519
|
|
Series 2020A, 5.000%, 11/01/45
|
|
|
|
125
|
Sussex County, New Jersey, General Obligation Bonds, Series 2019, 3.000%, 6/01/27
|
6/26 at 100.00
|
AA+
|
139,387
|
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
|
|
|
|
|
Bonds, Series 2018A:
|
|
|
|
215
|
4.000%, 6/01/37
|
6/28 at 100.00
|
A–
|
247,979
|
305
|
5.250%, 6/01/46
|
6/28 at 100.00
|
BBB+
|
368,968
|
480
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
|
6/28 at 100.00
|
BB+
|
562,454
|
|
Bonds, Series 2018B, 5.000%, 6/01/46
|
|
|
|
110
|
Union County Improvement Authority, New Jersey, General Obligation Lease Bonds, Juvenile
|
No Opt. Call
|
Aaa
|
315,518
|
|
Detention Center Facility Project, Tender Option Bond Trust 2015-XF1019, 24.463%,
|
|
|
|
|
5/01/30, 144A (IF) (7)
|
|
|
|
170
|
Union County Utilities Authority, New Jersey, Solid Waste System County Deficiency
|
6/21 at 100.00
|
Aaa
|
170,848
|
|
Revenue Bonds, Series 2011A, 5.000%, 6/15/41
|
|
|
|
100
|
Union County, New Jersey, General Obligation Bonds, Bond Anticipation Notes Series 2020,
|
No Opt. Call
|
N/R
|
100,491
|
|
4.000%, 6/18/21
|
|
|
|
26,990
|
Total New Jersey
|
|
|
27,501,924
|
|
New York – 6.0%
|
|
|
|
3,000
|
Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds
|
No Opt. Call
|
A2
|
4,486,140
|
|
Series 2007, 5.500%, 10/01/37
|
|
|
|
1,500
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series
|
9/27 at 100.00
|
A
|
1,840,185
|
|
2017, 5.000%, 9/01/42
|
|
|
|
2,050
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series
|
9/28 at 100.00
|
A
|
2,568,527
|
|
2018, 5.000%, 9/01/39
|
|
|
|
1,390
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green
|
5/30 at 100.00
|
A3
|
1,703,209
|
|
Climate Bond Certified Series 2020C-1, 5.000%, 11/15/50
|
|
|
|
750
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding
|
No Opt. Call
|
A3
|
988,538
|
|
Green Climate Certified Series 2020E, 5.000%, 11/15/30
|
|
|
|
1,230
|
New York City, New York, General Obligation Bonds, Fiscal 2021 Series C, 5.000%, 8/01/43
|
8/30 at 100.00
|
AA
|
1,557,155
|
1,500
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
|
11/21 at 100.00
|
A
|
1,541,835
|
|
Center Project, Series 2011, 5.750%, 11/15/51
|
|
|
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
New York (continued)
|
|
|
|
$ 315
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
|
12/23 at 100.00
|
Aa3
|
$ 349,726
|
|
Seventy Ninth Series 2013, 5.000%, 12/01/43
|
|
|
|
3,345
|
Triborough Bridge and Tunnel Authority, New York, Payroll Mobility Tax Bonds, Refunding
|
No Opt. Call
|
AA+
|
3,618,654
|
|
Senior Lien Subseries 2021A-2, 2.000%, 5/15/45 (Mandatory Put 5/15/28) (DD1,
|
|
|
|
|
Settling 5/05/21)
|
|
|
|
15,080
|
Total New York
|
|
|
18,653,969
|
|
North Carolina – 1.1%
|
|
|
|
1,000
|
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University
|
10/26 at 100.00
|
AA+
|
1,210,960
|
|
Project, Refunding Series 2016B, 5.000%, 7/01/42
|
|
|
|
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding
|
|
|
|
|
Senior Lien Series 2017:
|
|
|
|
1,095
|
5.000%, 1/01/31 – AGM Insured
|
1/27 at 100.00
|
AA
|
1,327,041
|
700
|
5.000%, 1/01/32
|
1/27 at 100.00
|
BBB
|
835,828
|
2,795
|
Total North Carolina
|
|
|
3,373,829
|
|
Ohio – 2.5%
|
|
|
|
570
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/30 at 100.00
|
BBB+
|
644,459
|
|
Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 4.000%, 6/01/48
|
|
|
|
6,360
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/30 at 100.00
|
N/R
|
7,149,721
|
|
Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55
|
|
|
|
6,930
|
Total Ohio
|
|
|
7,794,180
|
|
Oklahoma – 0.1%
|
|
|
|
255
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine
|
8/28 at 100.00
|
Baa3
|
310,771
|
|
Project, Series 2018B, 5.250%, 8/15/43
|
|
|
|
|
Pennsylvania – 5.2%
|
|
|
|
160
|
Adams County, Pennsylvania, General Obligation Bonds, Series 2017B, 2.500%, 11/15/29
|
11/25 at 100.00
|
Aa2
|
170,278
|
50
|
Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds,
|
10/27 at 100.00
|
Baa3
|
57,560
|
|
Robert Morris University, Series 2017, 5.000%, 10/15/37
|
|
|
|
465
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny
|
4/28 at 100.00
|
A
|
514,443
|
|
Health Network Obligated Group Issue, Series 2018A, 4.000%, 4/01/44
|
|
|
|
115
|
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University
|
7/29 at 100.00
|
A
|
136,366
|
|
of Pittsburgh Medical Center, Series 2019A, 4.000%, 7/15/35
|
|
|
|
220
|
Allegheny County, Pennsylvania, General Obligation Bonds, Series 2013C-72, 5.250%,
|
12/23 at 100.00
|
AA– (6)
|
248,884
|
|
12/01/32 (Pre-refunded 12/01/23)
|
|
|
|
20
|
Allegheny County, Pennsylvania, General Obligation Bonds, Series C69-C70 of 2012,
|
12/22 at 100.00
|
AA– (6)
|
21,542
|
|
5.000%, 12/01/37 (Pre-refunded 12/01/22)
|
|
|
|
25
|
Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax
|
5/22 at 100.00
|
Baa3
|
25,917
|
|
Revenue Bonds, Series 2012A, 5.000%, 5/01/35
|
|
|
|
230
|
Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue
|
5/27 at 100.00
|
Baa3
|
265,684
|
|
Bonds, City Center Refunding Project, Series 2017, 5.000%, 5/01/42, 144A
|
|
|
|
105
|
Avon Grove School District, Chester County, Pennsylvania, General Obligation Bonds,
|
5/29 at 100.00
|
AA
|
125,400
|
|
Series 2021A, 4.000%, 11/15/37
|
|
|
|
140
|
Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue
|
No Opt. Call
|
N/R
|
175
|
|
Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35 (5)
|
|
|
|
10
|
Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue
|
No Opt. Call
|
N/R
|
13
|
|
Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008A, 2.700%, 4/01/35 (5)
|
|
|
|
250
|
Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue
|
No Opt. Call
|
N/R
|
313
|
|
Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (5)
|
|
|
|
380
|
Berks County Industrial Development Authority, Pennsylvania, Health System Revenue
|
11/27 at 100.00
|
BB–
|
384,499
|
|
Bonds, Tower Health Project, Series 2017, 5.000%, 11/01/50
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Pennsylvania (continued)
|
|
|
|
$ 155
|
Berks County Industrial Development Authority, Pennsylvania, Healthcare Facilities
|
5/27 at 100.00
|
BBB
|
$ 175,452
|
|
Revenue Bonds, Highlands at Wyomissing, Series 2017A, 5.000%, 5/15/42
|
|
|
|
15
|
Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Alvernia University
|
10/29 at 100.00
|
BB+
|
16,352
|
|
Project, Series 2020, 5.000%, 10/01/39
|
|
|
|
125
|
Bethel Park School District, Allegheny County, Pennsylvania, General Obligation Bonds,
|
8/26 at 100.00
|
Aa2
|
144,752
|
|
Refunding Series 2016, 4.000%, 8/01/33
|
|
|
|
45
|
Boyertown Area School District, Berks and Montgomery Counties, Pennsylvania, General
|
4/24 at 100.00
|
AA–
|
50,517
|
|
Obligation Bonds, Series 2015, 5.000%, 10/01/38
|
|
|
|
155
|
Bucks County Industrial Development Authority, Pennsylvania, Hospital Revenue Bonds,
|
8/30 at 100.00
|
A–
|
160,808
|
|
Saint Luke’s University Health Network Project, Series 2021, 3.000%, 8/15/53
|
|
|
|
70
|
Bucks County Industrial Development Authority, Pennsylvania, Revenue Bonds, School Lane
|
3/27 at 100.00
|
BBB–
|
79,788
|
|
Charter School Project, Series 2016, 5.125%, 3/15/36
|
|
|
|
175
|
Bucks County Water and Sewer Authority, Pennsylvania, Revenue Bonds, Tender Option Bond
|
12/21 at 100.00
|
AA (6)
|
189,845
|
|
Trust 2015-XF0123, 13.338%, 12/01/29 (Pre-refunded 12/01/21), 144A (IF) (7)
|
|
|
|
20
|
Bucks County Water and Sewer Authority, Pennsylvania, Water System Revenue Bonds, Series
|
12/28 at 100.00
|
AA
|
19,426
|
|
2020, 2.125%, 12/01/45
|
|
|
|
115
|
Canon-McMillan School District, Washington County, Pennsylvania, General Obligation
|
12/24 at 100.00
|
AA
|
131,218
|
|
Bonds, Series 2014D, 5.000%, 12/15/39
|
|
|
|
100
|
Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany
|
11/25 at 100.00
|
AA–
|
115,551
|
|
Medical Center Project, Series 2016A, 5.000%, 11/15/46
|
|
|
|
75
|
Chester County Health and Education Facilities Authority, Pennsylvania, Health System
|
10/27 at 100.00
|
AA
|
86,832
|
|
Revenue Bonds, Main Line Health System, Series 2017A, 4.000%, 10/01/37
|
|
|
|
190
|
Chester County Health and Education Facilities Authority, Pennsylvania, Health System
|
9/30 at 100.00
|
AA
|
221,407
|
|
Revenue Bonds, Main Line Health System, Series 2020A, 4.000%, 9/01/50
|
|
|
|
35
|
Chester County Health and Education Facilities Authority, Pennsylvania, Revenue Bonds,
|
12/25 at 103.00
|
N/R
|
35,284
|
|
Simpson Senior Services Project, Series 2019, 5.000%, 12/01/51
|
|
|
|
20
|
Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School
|
12/27 at 100.00
|
BBB–
|
22,493
|
|
Revenue Bonds, Series 2017A, 5.000%, 12/15/47
|
|
|
|
15
|
Chester County Industrial Development Authority, Pennsylvania, Student Housing Revenue
|
8/23 at 100.00
|
Ba2
|
15,447
|
|
Bonds, University Student Housing, LLC Project at West Chester University Series 2013A,
|
|
|
|
|
5.000%, 8/01/45
|
|
|
|
100
|
Chester, Delaware County, Pennsylvania, Tax and Revenue Anticipation Notes, Series 2021,
|
7/21 at 100.00
|
N/R
|
99,998
|
|
4.500%, 11/30/21, 144A
|
|
|
|
35
|
Clarion County Industrial Development Authority, Pennsylvania, Revenue Bonds, Clarion
|
7/24 at 100.00
|
A1
|
39,549
|
|
University Foundation Inc Student Housing Project at Clarion University, Series 2014A,
|
|
|
|
|
5.000%, 7/01/45
|
|
|
|
100
|
Colonial School District, Montgomery County, Pennsylvania, General Obligation Bonds,
|
2/27 at 100.00
|
Aaa
|
121,401
|
|
Series 2020, 5.000%, 2/15/44
|
|
|
|
|
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master
|
|
|
|
|
Settlement, Series 2018:
|
|
|
|
40
|
5.000%, 6/01/33
|
6/28 at 100.00
|
A1
|
49,278
|
155
|
4.000%, 6/01/39 – AGM Insured
|
6/28 at 100.00
|
AA
|
177,182
|
200
|
4.000%, 6/01/39 – AGM Insured (UB) (7)
|
6/28 at 100.00
|
AA
|
228,622
|
70
|
Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Asbury Pennsylvania
|
1/25 at 104.00
|
N/R
|
76,627
|
|
Obligated Group, Refunding Series 2019, 5.000%, 1/01/45
|
|
|
|
|
Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran
|
|
|
|
|
Social Ministries Project, Series 2015:
|
|
|
|
20
|
4.000%, 1/01/33 (Pre-refunded 1/01/25)
|
1/25 at 100.00
|
N/R (6)
|
22,558
|
105
|
4.000%, 1/01/33
|
1/25 at 100.00
|
BBB+
|
112,063
|
15
|
5.000%, 1/01/38 (Pre-refunded 1/01/25)
|
1/25 at 100.00
|
N/R (6)
|
17,462
|
120
|
5.000%, 1/01/38
|
1/25 at 100.00
|
BBB+
|
132,233
|
100
|
Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran
|
1/26 at 100.00
|
BBB+
|
115,201
|
|
Social Ministries Project, Series 2016, 5.000%, 1/01/29
|
|
|
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Pennsylvania (continued)
|
|
|
|
|
Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran
|
|
|
|
|
Social Ministries Project, Series 2019A:
|
|
|
|
$ 25
|
4.125%, 1/01/38
|
1/29 at 100.00
|
BBB+
|
$ 28,412
|
30
|
5.000%, 1/01/39
|
1/29 at 100.00
|
BBB+
|
35,588
|
100
|
Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Dickinson College
|
11/27 at 100.00
|
A+
|
121,819
|
|
Project, Second Series 2017A, 5.000%, 11/01/39
|
|
|
|
200
|
Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Penn State Health,
|
11/29 at 100.00
|
A+
|
230,866
|
|
Series 2019, 4.000%, 11/01/44
|
|
|
|
30
|
Dallas Area Municipal Authority, Pennsylvania, Revenue Bonds, Misericordia University
|
5/29 at 100.00
|
Baa3
|
34,427
|
|
Project, Series 2019, 5.000%, 5/01/48
|
|
|
|
30
|
Dallas Area Municipal Authority, Pennsylvania, Revenue Bonds, Misericordia University,
|
5/24 at 100.00
|
Baa3
|
32,347
|
|
Series 2014, 5.000%, 5/01/37
|
|
|
|
55
|
Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle
|
6/26 at 100.00
|
A
|
64,638
|
|
Health System Project, Refunding Series 2016A, 5.000%, 6/01/35
|
|
|
|
35
|
Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle
|
6/22 at 100.00
|
A
|
36,461
|
|
Health System Project, Series 2012A, 5.000%, 6/01/42
|
|
|
|
|
Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System
|
|
|
|
|
Revenue Bonds, Series 2017:
|
|
|
|
245
|
5.000%, 7/01/42
|
7/27 at 100.00
|
A1
|
297,450
|
540
|
5.000%, 7/01/47
|
7/27 at 100.00
|
A1
|
649,750
|
295
|
Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System
|
No Opt. Call
|
A1
|
378,535
|
|
Revenue Bonds, Series 2019A, 5.000%, 7/01/28
|
|
|
|
225
|
Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2016A,
|
7/26 at 100.00
|
BBB–
|
252,191
|
|
5.000%, 7/01/41
|
|
|
|
25
|
Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2019A,
|
7/29 at 100.00
|
BBB–
|
26,774
|
|
4.000%, 7/01/45
|
|
|
|
150
|
Dubois Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Penn Highlands
|
1/28 at 100.00
|
A–
|
176,509
|
|
Healthcare, Series 2018, 5.000%, 7/15/48
|
|
|
|
30
|
East Hempfield Township Industrial Development Authority, Pennsylvania, Student Services
|
7/24 at 100.00
|
BB+
|
31,553
|
|
Inc – Student Housing Project at Millersville University, Series 2014, 5.000%, 7/01/46
|
|
|
|
100
|
East Hempfield Township Industrial Development Authority, Pennsylvania, Student Services
|
7/25 at 100.00
|
BB+
|
106,671
|
|
Inc – Student Housing Project at Millersville University, Series 2015, 5.000%, 7/01/47
|
|
|
|
25
|
Easton Area School District, Northampton County, Pennsylvania, General Obligation Bonds,
|
2/28 at 100.00
|
Aa2
|
31,542
|
|
Series 2020B, 5.000%, 2/01/31
|
|
|
|
60
|
Erie Higher Education Building Authority, Pennsylvania, Revenue Bonds, Gannon
|
11/26 at 100.00
|
BBB+
|
63,974
|
|
University, Series 2016, 4.000%, 5/01/46
|
|
|
|
75
|
General Authority of Southcentral Pennsylvania, Revenue Bonds, AICUP Financing
|
10/27 at 100.00
|
A–
|
79,461
|
|
Program-York College of Pennsylvania, Series 2017 PP4, 3.375%, 11/01/37
|
|
|
|
|
Huntingdon County General Authority, Pennsylvania, Revenue Bonds, Juniata College,
|
|
|
|
|
Series 2016OO2:
|
|
|
|
15
|
3.250%, 5/01/36
|
5/26 at 100.00
|
BBB
|
15,193
|
35
|
3.500%, 5/01/41
|
5/26 at 100.00
|
BBB
|
35,529
|
20
|
Lancaster County Hospital Authority, Pennsylvania, Health Center Revenue Bonds, Masonic
|
5/25 at 100.00
|
A
|
22,059
|
|
Villages Project, Series 2015, 5.000%, 11/01/35
|
|
|
|
40
|
Lancaster County Hospital Authority, Pennsylvania, Health Center Revenue Bonds, Saint
|
3/27 at 102.00
|
BB+
|
43,280
|
|
Anne’s Retirement Community, Inc, Series 2020, 5.000%, 3/01/50
|
|
|
|
100
|
Lancaster County Hospital Authority, Revenue Bonds, University of Pennsylvania Health
|
8/26 at 100.00
|
AA
|
119,284
|
|
System, Refunding Series 2016B, 5.000%, 8/15/46
|
|
|
|
155
|
Lancaster County Hospital Authority, Revenue Bonds, University of Pennsylvania Health
|
8/26 at 100.00
|
AA
|
185,952
|
|
System, Series 2016A, 5.000%, 8/15/42
|
|
|
|
55
|
Lancaster Industrial Development Authority, Pennsylvania, Revenue Bonds, Garden Spot
|
5/23 at 100.00
|
N/R (6)
|
61,099
|
|
Village Project, Series 2013, 5.750%, 5/01/35 (Pre-refunded 5/01/23)
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Pennsylvania (continued)
|
|
|
|
$ 25
|
Lancaster School District, Lancaster County, Pennsylvania, General Obligation Bonds,
|
12/28 at 100.00
|
AA
|
$ 29,716
|
|
Series 2020, 4.000%, 6/01/35 – AGM Insured
|
|
|
|
|
Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown
|
|
|
|
|
Concession, Series 2013A:
|
|
|
|
95
|
5.125%, 12/01/47
|
12/23 at 100.00
|
A
|
105,131
|
105
|
5.125%, 12/01/47 (Pre-refunded 12/01/23)
|
12/23 at 100.00
|
N/R (6)
|
118,159
|
100
|
Lehigh County General Purpose Authority, Pennsylvania, Revenue Bonds, Good Shepherd
|
5/26 at 100.00
|
A
|
107,873
|
|
Group, Refunding Series 2016, 4.000%, 11/01/41
|
|
|
|
40
|
Lehigh County General Purpose Authority, Pennsylvania, Revenue Bonds, Good Shepherd
|
11/22 at 100.00
|
A (6)
|
42,294
|
|
Group, Series 2012, 4.000%, 11/01/32 (Pre-refunded 11/01/22)
|
|
|
|
195
|
Lehighton Area School District, Carbon County, Pennsylvania, General Obligation Bonds,
|
11/23 at 100.00
|
AA
|
215,161
|
|
Limited Tax Series 2015A, 5.000%, 11/15/43 – BAM Insured
|
|
|
|
100
|
Monroe County Industrial Development Authority, Pennsylvania, Special Obligation Revenue
|
7/24 at 100.00
|
N/R
|
103,546
|
|
Bonds, Tobyhanna Township Project, Series 2014, 6.875%, 7/01/33, 144A
|
|
|
|
50
|
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds,
|
9/28 at 100.00
|
A
|
61,033
|
|
Thomas Jefferson University, Series 2018A, 5.000%, 9/01/48
|
|
|
|
|
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds,
|
|
|
|
|
Thomas Jefferson University, Series 2019:
|
|
|
|
50
|
4.000%, 9/01/44
|
9/29 at 100.00
|
A
|
57,351
|
25
|
4.000%, 9/01/49
|
9/29 at 100.00
|
A
|
28,507
|
200
|
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue
|
1/25 at 100.00
|
Ba1
|
222,288
|
|
Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45
|
|
|
|
200
|
Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS
|
11/26 at 100.00
|
A–
|
233,202
|
|
Retirement-Life Communities, Inc Obligated Group, Series 2016, 5.000%, 11/15/36
|
|
|
|
90
|
Northampton County General Purpose Authority, Pennsylvania, Revenue Bonds, Lafayette
|
11/28 at 100.00
|
Aa3
|
103,791
|
|
College, Refunding Series 2018, 4.000%, 11/01/38
|
|
|
|
55
|
Northampton County Industrial Development Authority, Pennsylvania, Revenue Bonds,
|
11/26 at 103.00
|
BB+
|
59,815
|
|
Morningstar Senior Living, Inc, Series 2019, 5.000%, 11/01/44
|
|
|
|
55
|
Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds,
|
No Opt. Call
|
N/R
|
69
|
|
Shippingport Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41 (5)
|
|
|
|
90
|
Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue
|
9/25 at 100.00
|
B
|
81,410
|
|
Refunding Bonds, PPL Energy Supply, LLC Project, Series 2009A, 6.400%, 12/01/38
|
|
|
|
140
|
Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds,
|
1/24 at 100.00
|
AA
|
152,986
|
|
Capitol Region Parking System, Series 2013A, 5.250%, 1/01/44 – AGM Insured
|
|
|
|
250
|
Pennsylvania Economic Development Financing Authority, Revenue Bonds,
|
10/29 at 100.00
|
A+
|
269,887
|
|
Pennsylvania-American Water Company, Refunding Series 2019, 3.000%, 4/01/39
|
|
|
|
35
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Holy Family
|
9/23 at 100.00
|
BBB–
|
38,368
|
|
University, Series 2013A, 6.500%, 9/01/38
|
|
|
|
120
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Philadelphia
|
6/23 at 100.00
|
N/R (6)
|
132,000
|
|
University, Refunding Series 2013, 5.000%, 6/01/32 (Pre-refunded 6/01/23)
|
|
|
|
45
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Thomas Jefferson
|
9/22 at 100.00
|
A
|
47,117
|
|
University, Series 2012, 5.000%, 3/01/42
|
|
|
|
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of the
|
|
|
|
|
Sciences in Philadelphia, Series 2012:
|
|
|
|
35
|
4.000%, 11/01/39
|
11/22 at 100.00
|
Baa1
|
35,976
|
60
|
5.000%, 11/01/42
|
11/22 at 100.00
|
Baa1
|
62,920
|
300
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University
|
7/26 at 100.00
|
Baa3
|
330,273
|
|
Properties Inc Student Housing Project at East Stroudsburg University of Pennsylvania, Series
|
|
|
|
|
2016A, 5.000%, 7/01/35
|
|
|
|
95
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University,
|
7/23 at 100.00
|
A–
|
101,130
|
|
Series 2013A, 5.500%, 7/15/38
|
|
|
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Pennsylvania (continued)
|
|
|
|
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2012-114:
|
|
|
|
$ 65
|
3.300%, 10/01/32
|
10/21 at 100.00
|
AA+
|
$ 65,608
|
25
|
3.650%, 10/01/37
|
10/21 at 100.00
|
AA+
|
25,272
|
35
|
3.700%, 10/01/42
|
10/21 at 100.00
|
AA+
|
35,319
|
50
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series
|
4/25 at 100.00
|
AA+
|
51,713
|
|
2016-119, 3.500%, 10/01/36
|
|
|
|
435
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series
|
10/25 at 100.00
|
AA+
|
450,821
|
|
2016-120, 3.200%, 4/01/40
|
|
|
|
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-121:
|
|
|
|
95
|
3.200%, 10/01/41
|
10/25 at 100.00
|
AA+
|
98,655
|
380
|
3.200%, 10/01/41 (UB) (7)
|
10/25 at 100.00
|
AA+
|
394,619
|
70
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series
|
10/26 at 100.00
|
AA+
|
75,380
|
|
2017-123B, 3.450%, 10/01/32
|
|
|
|
250
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series
|
4/27 at 100.00
|
AA+
|
266,212
|
|
2017-125B, 3.700%, 10/01/47
|
|
|
|
250
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series
|
10/28 at 100.00
|
AA+
|
263,492
|
|
2019-129, 3.350%, 10/01/45
|
|
|
|
125
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series
|
10/28 at 100.00
|
AA+
|
129,461
|
|
2019-130A, 3.000%, 10/01/46
|
|
|
|
45
|
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series
|
10/29 at 100.00
|
AA+
|
46,290
|
|
2020-133, 2.500%, 10/01/45
|
|
|
|
100
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate
|
12/26 at 100.00
|
AA–
|
112,523
|
|
Special Revenue Bonds, Series 2014A, 0.000%, 12/01/37 (4)
|
|
|
|
100
|
Pennsylvania Turnpike Commission, Oil Franchise Tax Revenue Bonds, Subordinate Series
|
12/28 at 100.00
|
A+
|
121,394
|
|
2018B, 5.000%, 12/01/48
|
|
|
|
585
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015B, 5.000%, 12/01/45
|
12/25 at 100.00
|
A1
|
687,141
|
50
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A,
|
12/30 at 100.00
|
A
|
57,841
|
|
4.000%, 12/01/50
|
|
|
|
25
|
Philadelphia Authority for Industrial Development, Pennsylvania, Charter School Revenue
|
6/28 at 100.00
|
BB+
|
28,806
|
|
Bonds, Philadelphia Performing Arts: A String Theory Charter School, Series 2020,
|
|
|
|
|
5.000%, 6/15/50, 144A
|
|
|
|
70
|
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, La Salle
|
11/27 at 100.00
|
BB+
|
70,504
|
|
University, Series 2017, 3.625%, 5/01/35
|
|
|
|
50
|
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds,
|
3/28 at 100.00
|
BB
|
53,249
|
|
University of the Arts, Series 2017, 5.000%, 3/15/45, 144A
|
|
|
|
105
|
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, 1998 General Ordinance, Sixteenth
|
8/30 at 100.00
|
AA
|
131,628
|
|
Series 2020A, 5.000%, 8/01/50 – AGM Insured
|
|
|
|
150
|
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, General Ordinance, Fifteenth Series
|
8/27 at 100.00
|
A
|
178,800
|
|
2017, 5.000%, 8/01/47
|
|
|
|
125
|
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Refunding Thirteenth Series 2015,
|
8/25 at 100.00
|
A
|
147,084
|
|
5.000%, 8/01/30
|
|
|
|
145
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital
|
7/22 at 100.00
|
BBB–
|
152,298
|
|
Revenue Bonds, Temple University Health System Obligated Group, Series 2012A,
|
|
|
|
|
5.625%, 7/01/42
|
|
|
|
100
|
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital
|
7/27 at 100.00
|
BBB–
|
117,364
|
|
Revenue Bonds, Temple University Health System Obligated Group, Series of 2017,
|
|
|
|
|
5.000%, 7/01/30
|
|
|
|
55
|
Philadelphia School District, Pennsylvania, General Obligation Bonds, Tax & Revenue
|
No Opt. Call
|
N/R
|
55,338
|
|
Anticipation Note Series 2020-21A, 4.000%, 6/30/21
|
|
|
|
100
|
Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Parking
|
12/27 at 100.00
|
A
|
124,837
|
|
Revenue Bonds, Series 2017, 5.000%, 12/15/34
|
|
|
|
15
|
Pittsburgh School District, Allegheny County, Pennsylvania, General Obligation Bonds,
|
9/22 at 100.00
|
AA
|
15,954
|
|
Series 2014A, 5.000%, 9/01/25 – BAM Insured
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Pennsylvania (continued)
|
|
|
|
$ 20
|
Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue
|
9/30 at 100.00
|
AA
|
$ 23,509
|
|
Bonds, First Lien Series 2020B, 4.000%, 9/01/45 – AGM Insured
|
|
|
|
25
|
Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue
|
9/29 at 100.00
|
AA
|
30,115
|
|
Bonds, Refunding Subordinate Series 2019B, 4.000%, 9/01/34 – AGM Insured
|
|
|
|
400
|
Pittsburgh, Pennsylvania, General Obligation Bonds, Series 2012B, 5.000%, 9/01/26
|
9/22 at 100.00
|
AA– (6)
|
425,944
|
|
(Pre-refunded 9/01/22)
|
|
|
|
200
|
Pottsville Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Lehigh Valley
|
1/27 at 100.00
|
A+
|
237,090
|
|
Health Network, Series 2016B, 5.000%, 7/01/45
|
|
|
|
35
|
Rostraver Township, Westmoreland County, Pennsylvania, General Obligation Bonds, Series
|
9/25 at 100.00
|
AA
|
37,572
|
|
2018, 3.500%, 9/01/34 – AGM Insured
|
|
|
|
80
|
Scranton, Lackawanna County, Pennsylvania, General Obligation Notes, Series 2016,
|
5/24 at 100.00
|
BB+
|
85,410
|
|
5.000%, 11/15/32
|
|
|
|
100
|
Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, University Revenue
|
6/26 at 100.00
|
BB+
|
106,009
|
|
Bonds, Marywood University, Series 2016, 5.000%, 6/01/46
|
|
|
|
210
|
Southcentral Pennsylvania General Authority, Revenue Bonds, Wellspan Health Obligated
|
6/29 at 100.00
|
Aa3
|
259,463
|
|
Group, Series 2019A, 5.000%, 6/01/49
|
|
|
|
|
The Redevelopment Authority of the City of Scranton, Lackawanna county, Pennsylvania,
|
|
|
|
|
Guaranteed Lease Revenue Bonds, Series 2016A:
|
|
|
|
5
|
5.000%, 11/15/21
|
No Opt. Call
|
BB+
|
5,035
|
10
|
5.000%, 11/15/28
|
5/24 at 100.00
|
BB+
|
10,260
|
40
|
Upper Allegheny Joint Sanitary Authority, Allegheny County, Pennsylvania, Sewer Revenue
|
9/29 at 100.00
|
AA
|
42,931
|
|
Bonds, Refunding Series 2019A, 3.000%, 9/01/44 – AGM Insured
|
|
|
|
100
|
Upper Dublin School District, Montgomery County, Pennsylvania, General Obligation Bonds,
|
3/29 at 100.00
|
Aa3
|
118,235
|
|
Series 2021A, 4.000%, 9/15/38
|
|
|
|
145
|
Washington County Industrial Development Authority, Pennsylvania, College Revenue Bonds,
|
11/27 at 100.00
|
BBB+
|
150,797
|
|
AICUP Financing Program-Washington and Jefferson College Project, Series 2017-PP5,
|
|
|
|
|
3.375%, 11/01/36
|
|
|
|
15
|
Washington County Redevelopment Authority, Pennsylvania, Tanger Outlet Victory Center
|
1/28 at 100.00
|
BB
|
16,316
|
|
Tax Increment Bonds, Series 2018, 5.000%, 7/01/35
|
|
|
|
100
|
West Shore Area Authority, Cumberland County, Pennsylvania, Hospital Revenue Bonds, Holy
|
1/22 at 100.00
|
A1 (6)
|
103,696
|
|
Spirit Hospital of the Sisters of Christian Charity, Series 2011B, 5.750%, 1/01/41
|
|
|
|
|
(Pre-refunded 1/01/22)
|
|
|
|
15
|
Westmoreland County Industrial Development Authority, Pennsylvania, Revenue Bonds,
|
1/31 at 100.00
|
Baa1
|
17,187
|
|
Excela Health Project, Series 2020A, 4.000%, 7/01/37
|
|
|
|
|
Williamsport Sanitary Authority, Lycoming County, Pennsylvania, Sewer Revenue Bonds,
|
|
|
|
|
Series 2021:
|
|
|
|
100
|
5.000%, 1/01/25 – BAM Insured
|
No Opt. Call
|
AA
|
116,727
|
25
|
5.000%, 1/01/28 – BAM Insured
|
No Opt. Call
|
AA
|
31,828
|
15,015
|
Total Pennsylvania
|
|
|
16,285,514
|
|
Puerto Rico – 2.8%
|
|
|
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:
|
|
|
|
3,329
|
4.500%, 7/01/34
|
7/25 at 100.00
|
N/R
|
3,640,661
|
3,740
|
4.550%, 7/01/40
|
7/28 at 100.00
|
N/R
|
4,150,727
|
72
|
5.000%, 7/01/58
|
7/28 at 100.00
|
N/R
|
81,292
|
710
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured
|
7/28 at 100.00
|
N/R
|
787,972
|
|
Cofina Project Series 2019A-2A, 4.550%, 7/01/40
|
|
|
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable
|
|
|
|
|
Restructured Cofina Project Series 2019A-2:
|
|
|
|
10
|
4.329%, 7/01/40
|
7/28 at 100.00
|
N/R
|
10,956
|
10
|
4.329%, 7/01/40
|
7/28 at 100.00
|
N/R
|
10,956
|
49
|
4.784%, 7/01/58
|
7/28 at 100.00
|
N/R
|
54,645
|
7,920
|
Total Puerto Rico
|
|
|
8,737,209
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
South Carolina – 1.5%
|
|
|
|
$ 5,435
|
Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2004A-2,
|
No Opt. Call
|
AA
|
$ 4,844,107
|
|
0.000%, 1/01/29 – AGC Insured
|
|
|
|
|
Tennessee – 1.9%
|
|
|
|
135
|
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities
|
7/26 at 100.00
|
Aa1
|
160,537
|
|
Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A,
|
|
|
|
|
5.000%, 7/01/46
|
|
|
|
605
|
Metropolitan Government of Nashville-Davidson County, Tennessee, Water and Sewerage
|
7/27 at 100.00
|
AA
|
745,783
|
|
Revenue Bonds, Green Series 2017A, 5.000%, 7/01/42
|
|
|
|
4,000
|
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B,
|
No Opt. Call
|
BBB
|
4,916,280
|
|
5.625%, 9/01/26
|
|
|
|
4,740
|
Total Tennessee
|
|
|
5,822,600
|
|
Texas – 10.3%
|
|
|
|
1,000
|
Austin Community College District Public Facility Corporation, Texas, Lease Revenue
|
8/27 at 100.00
|
AA
|
1,206,730
|
|
Bonds, Highland Campus – Building 3000 Project, Series 2018A, 5.000%, 8/01/42
|
|
|
|
1,000
|
Austin, Texas, Electric Utility System Revenue Bonds, Refunding Series 2017, 5.000%, 11/15/35
|
11/26 at 100.00
|
AA
|
1,224,320
|
500
|
Bexar County Hospital District, Texas, Certificates of Obligation, Series 2020, 5.000%, 2/15/45
|
2/29 at 100.00
|
Aa1
|
624,585
|
710
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2020A,
|
1/30 at 100.00
|
A–
|
897,887
|
|
5.000%, 1/01/39
|
|
|
|
1,855
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier
|
10/23 at 100.00
|
A+ (6)
|
2,092,514
|
|
Series 2013A, 5.500%, 4/01/53 (Pre-refunded 10/01/23)
|
|
|
|
1,000
|
Harris County, Texas, Toll Road Revenue Bonds, Refunding First Lien Series 2021A,
|
No Opt. Call
|
Aa2
|
1,342,320
|
|
5.000%, 8/15/30
|
|
|
|
|
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and
|
|
|
|
|
Entertainment Project, Series 2001B:
|
|
|
|
3,000
|
0.000%, 9/01/32 – AMBAC Insured
|
No Opt. Call
|
A
|
2,248,740
|
7,935
|
0.000%, 9/01/33 – AMBAC Insured
|
No Opt. Call
|
A
|
5,743,353
|
1,430
|
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA
|
5/30 at 100.00
|
A+
|
1,789,445
|
|
Transmission Services Corporation Project, Refunding Series 2020A, 5.000%, 5/15/50
|
|
|
|
915
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B,
|
1/25 at 100.00
|
A+
|
1,041,170
|
|
5.000%, 1/01/45
|
|
|
|
250
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds,
|
8/26 at 100.00
|
AA
|
295,440
|
|
Texas Health Resources System, Series 2016A, 5.000%, 2/15/41
|
|
|
|
1,600
|
Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE
|
12/29 at 100.00
|
Baa2
|
2,019,888
|
|
Mobility Partners LLC North Tarrant Express Managed Lanes Project, Refunding Senior Lien
|
|
|
|
|
Series 2019A, 5.000%, 12/31/35
|
|
|
|
7,635
|
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master
|
10/26 at 100.00
|
AAA
|
8,837,665
|
|
Trust Series 2016, 4.000%, 10/15/41
|
|
|
|
2,500
|
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master
|
10/27 at 100.00
|
AAA
|
2,922,600
|
|
Trust Series 2017A, 4.000%, 10/15/42 (UB) (7)
|
|
|
|
31,330
|
Total Texas
|
|
|
32,286,657
|
|
Utah – 0.5%
|
|
|
|
1,405
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017B,
|
7/27 at 100.00
|
A
|
1,691,971
|
|
5.000%, 7/01/42
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Virginia – 0.9%
|
|
|
|
$ 1,160
|
Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds,
|
7/26 at 100.00
|
BBB
|
$ 1,340,020
|
|
First Tier Series 2016, 5.000%, 7/01/51
|
|
|
|
1,400
|
Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital
|
7/28 at 100.00
|
BBB+
|
1,475,250
|
|
Appreciation Series 2012B, 0.000%, 7/15/40 (4)
|
|
|
|
2,560
|
Total Virginia
|
|
|
2,815,270
|
|
Washington – 4.3%
|
|
|
|
3,330
|
Chelan County Public Utility District 1, Washington, Columbia River-Rock Island
|
No Opt. Call
|
AA+
|
2,958,472
|
|
Hydro-Electric System Revenue Refunding Bonds, Series 1997A, 0.000%, 6/01/29 –
|
|
|
|
|
NPFG Insured
|
|
|
|
3,890
|
University of Washington, General Revenue Bonds, Refunding Series 2021A, 5.000%, 4/01/46
|
4/31 at 100.00
|
Aaa
|
5,091,971
|
690
|
Washington Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical
|
8/27 at 100.00
|
BBB–
|
827,897
|
|
Center, Series 2017, 5.000%, 8/15/30
|
|
|
|
|
Washington State Convention Center Public Facilities District, Lodging Tax Revenue
|
|
|
|
|
Bonds, Series 2018:
|
|
|
|
2,015
|
5.000%, 7/01/43
|
7/28 at 100.00
|
Baa3
|
2,364,562
|
2,000
|
5.000%, 7/01/43
|
7/28 at 100.00
|
Baa1
|
2,368,660
|
11,925
|
Total Washington
|
|
|
13,611,562
|
|
West Virginia – 2.0%
|
|
|
|
235
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Cabell Huntington
|
1/29 at 100.00
|
BBB+
|
289,247
|
|
Hospital, Inc Project, Refunding & Improvement Series 2018A, 5.000%, 1/01/36
|
|
|
|
2,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area
|
9/29 at 100.00
|
Baa1
|
2,435,700
|
|
Medical Center, Refunding & Improvement Series 2019A, 5.000%, 9/01/39
|
|
|
|
1,500
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United
|
6/23 at 100.00
|
A (6)
|
1,663,860
|
|
Health System Obligated Group, Refunding & Improvement Series 2013A, 5.500%, 6/01/44
|
|
|
|
|
(Pre-refunded 6/01/23)
|
|
|
|
1,430
|
West Virginia Parkways Authority, Turnpike Toll Revenue Bonds, Senior Lien Series 2018,
|
6/28 at 100.00
|
AA–
|
1,762,647
|
|
5.000%, 6/01/43
|
|
|
|
5,165
|
Total West Virginia
|
|
|
6,151,454
|
|
Wisconsin – 0.3%
|
|
|
|
1,000
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,
|
2/22 at 100.00
|
A–
|
1,028,780
|
|
Series 2012B, 5.000%, 2/15/27
|
|
|
|
$ 291,495
|
Total Municipal Bonds (cost $269,620,762)
|
|
|
311,007,141
|
Shares
|
Description (1)
|
|
|
Value
|
|
COMMON STOCKS – 0.1%
|
|
|
|
|
Electric Utilities – 0.1%
|
|
|
|
14,686
|
Energy Harbor Corp (8), (9), (10)
|
|
|
$ 423,148
|
|
Total Common Stocks (cost $407,801)
|
|
|
423,148
|
|
Total Long-Term Investments (cost $270,028,563)
|
|
|
311,430,289
|
NUW
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
SHORT-TERM INVESTMENTS – 0.1%
|
|
|
|
|
MUNICIPAL BONDS – 0.1%
|
|
|
|
|
Pennsylvania – 0.1%
|
|
|
|
$ 450
|
Mercer County, Pennsylvania, General Obligation Bonds, Variable Rate Demand Obligation
|
4/21 at 100.00
|
A-1
|
$ 450,000
|
|
Series 2011, 0.080%, 10/01/31 – AGM Insured (11)
|
|
|
|
$ 450
|
Total Short-Term Investments (cost $450,000)
|
|
|
450,000
|
|
Total Investments (cost $270,478,563) – 99.5%
|
|
|
311,880,289
|
|
Floating Rate Obligations – (1.0)%
|
|
|
(3,230,000)
|
|
Other Assets Less Liabilities – 1.5% (12)
|
|
|
4,650,809
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 313,301,098
|
|
|
|
|
|
|
Variation
|
|
|
|
|
|
Unrealized
|
Margin
|
|
Number of
|
Expiration
|
Notional
|
|
Appreciation
|
Receivable/
|
Description
|
Contracts
|
Date
|
Amount
|
Value
|
(Depreciation)
|
(Payable)
|
U.S. Treasury 10-Year Note
|
(236)
|
6/21
|
$(31,691,643)
|
$(31,159,375)
|
$532,268
|
$(11,063)
|
(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)
|
For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch,
|
|
Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard &
|
|
Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
|
(4)
|
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.
|
(5)
|
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.
|
(6)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.
|
(7)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.
|
(8)
|
Common Stock received as part of the bankruptcy settlements during February 2020 for Beaver County Industrial Development Authority, Pennsylvania, Pollution Control
|
|
Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35; Beaver County Industrial Development Authority, Pennsylvania, Pollution
|
|
Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 4.375%, 1/01/35; Beaver County Industrial Development Authority, Pennsylvania,
|
|
Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35; and Pennsylvania Economic Development Financing
|
|
Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41.
|
(9)
|
For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information.
|
(10)
|
Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.
|
(11)
|
Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the
|
|
reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified
|
|
market index.
|
(12)
|
Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as presented on the Statement of Assets and
|
|
Liabilities, when applicable. The unrealized appreciation (depreciation) of OTC cleared and exchange-traded derivatives is recognized as part of the cash collateral at brokers
|
|
and/or the receivable or payable for variation margin as presented on the Statement of Assets and Liabilities, 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.
|
DD1
|
Portion of investment purchased on a delayed delivery basis.
|
ETM
|
Escrowed to maturity.
|
IF
|
Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association
|
|
(SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.
|
UB
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 4 – Portfolio Securities and Investments in
|
|
Derivatives, Inverse Floating Rate Securities for more information.
|
|
See accompanying notes to financial statements.
|
NMI
|
Nuveen Municipal Income Fund, Inc.
Portfolio of Investments April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
LONG-TERM INVESTMENTS – 97.6%
|
|
|
|
|
MUNICIPAL BONDS – 97.6%
|
|
|
|
|
Alabama – 0.8%
|
|
|
|
$ 500
|
Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A,
|
No Opt. Call
|
A2
|
$ 731,260
|
|
5.000%, 9/01/46
|
|
|
|
100
|
Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone
|
5/29 at 100.00
|
N/R
|
116,423
|
|
Bonds, Hunt Refining Project, Refunding Series 2019A, 5.250%, 5/01/44, 144A
|
|
|
|
600
|
Total Alabama
|
|
|
847,683
|
|
Arizona – 2.3%
|
|
|
|
600
|
Arizona Health Facilities Authority, Revenue Bonds, Scottsdale Lincoln Hospitals
|
12/24 at 100.00
|
A+
|
677,514
|
|
Project, Refunding Series 2014A, 5.000%, 12/01/39
|
|
|
|
1,000
|
Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of
|
1/28 at 100.00
|
AA–
|
1,168,390
|
|
Math & Science Projects, Series 2018A, 5.000%, 7/01/48
|
|
|
|
515
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy
|
No Opt. Call
|
A3
|
654,987
|
|
Inc Prepay Contract Obligations, Series 2007, 5.250%, 12/01/28
|
|
|
|
2,115
|
Total Arizona
|
|
|
2,500,891
|
|
California – 14.4%
|
|
|
|
5,000
|
Adelanto School District, San Bernardino County, California, General Obligation Bonds,
|
No Opt. Call
|
A+
|
4,967,550
|
|
Series 1997A, 0.000%, 9/01/22 – NPFG Insured
|
|
|
|
|
Brea Olinda Unified School District, Orange County, California, General Obligation
|
|
|
|
|
Bonds, Series 1999A:
|
|
|
|
2,000
|
0.000%, 8/01/21 – FGIC Insured
|
No Opt. Call
|
AA–
|
1,999,180
|
2,070
|
0.000%, 8/01/22 – FGIC Insured
|
No Opt. Call
|
Aa2
|
2,062,838
|
2,120
|
0.000%, 8/01/23 – FGIC Insured
|
No Opt. Call
|
Aa2
|
2,099,818
|
500
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter
|
11/27 at 100.00
|
A1
|
572,990
|
|
Health, Series 2018A, 4.000%, 11/15/42
|
|
|
|
365
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma
|
6/28 at 100.00
|
BB
|
432,707
|
|
Linda University Medical Center, Series 2018A, 5.500%, 12/01/58, 144A
|
|
|
|
275
|
California Statewide Communities Development Authority, Revenue Bonds, Front Porch
|
4/27 at 100.00
|
A
|
298,713
|
|
Communities and Services Project, Series 2017A, 4.000%, 4/01/36
|
|
|
|
330
|
California Statewide Community Development Authority, Revenue Bonds, Daughters of
|
6/21 at 100.00
|
N/R
|
314,089
|
|
Charity Health System, Series 2005A, 5.500%, 7/01/39 (4)
|
|
|
|
600
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds,
|
7/29 at 100.00
|
A–
|
670,698
|
|
Refunding Term Rate Sub-Series 2013B-1, 3.500%, 1/15/53
|
|
|
|
300
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts,
|
No Opt. Call
|
A
|
474,111
|
|
Series 2009A, 7.000%, 11/01/34
|
|
|
|
500
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road
|
1/25 at 100.00
|
BBB+
|
560,495
|
|
Revenue Bonds, Refunding Junior Lien Series 2014B, 5.250%, 1/15/44
|
|
|
|
1,000
|
Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds,
|
12/21 at 100.00
|
A+ (5)
|
1,033,720
|
|
Redevelopment Project, Subordinate Lien Series 2011, 6.000%, 12/01/22 (Pre-refunded 12/01/21)
|
|
|
|
15,060
|
Total California
|
|
|
15,486,909
|
|
Colorado – 10.1%
|
|
|
|
|
Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds,
|
|
|
|
|
Refunding Series 2013A:
|
|
|
|
150
|
5.125%, 12/01/29
|
12/23 at 100.00
|
BBB
|
162,969
|
250
|
5.375%, 12/01/33
|
12/23 at 100.00
|
BBB
|
271,390
|
350
|
Colorado Health Facilities Authority, Colorado, Health Facilities Revenue Bonds, The
|
6/27 at 100.00
|
N/R (5)
|
436,993
|
|
Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2017, 5.000%, 6/01/42
|
|
|
|
|
(Pre-refunded 6/01/27)
|
|
|
|
NMI
|
Nuveen Municipal Income Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Colorado (continued)
|
|
|
|
$ 500
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living
|
1/24 at 102.00
|
N/R
|
$ 534,450
|
|
Neighborhoods Project, Refunding Series 2016, 5.000%, 1/01/37
|
|
|
|
1,140
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health,
|
8/29 at 100.00
|
BBB+
|
1,286,627
|
|
Series 2019A-2, 4.000%, 8/01/49
|
|
|
|
750
|
Colorado Springs, Colorado, Utilities System Revenue Bonds, Improvement Series 2013B-1,
|
11/23 at 100.00
|
AA+
|
832,537
|
|
5.000%, 11/15/38
|
|
|
|
1,000
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 5.000%,
|
11/22 at 100.00
|
AA– (5)
|
1,074,110
|
|
11/15/32 (Pre-refunded 11/15/22)
|
|
|
|
1,395
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series
|
12/28 at 100.00
|
A+
|
1,697,841
|
|
2018A, 5.000%, 12/01/48 (AMT)
|
|
|
|
110
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported
|
12/25 at 100.00
|
A
|
126,611
|
|
Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45
|
|
|
|
650
|
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported
|
12/28 at 100.00
|
A
|
731,367
|
|
Revenue Bonds, Series 2018A, 4.000%, 12/01/51
|
|
|
|
340
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado
|
No Opt. Call
|
A+
|
369,192
|
|
Springs Utilities, Series 2008, 6.125%, 11/15/23
|
|
|
|
1,100
|
Rampart Range Metropolitan District 1, Lone Tree, Colorado, Limited Tax Supported and
|
12/27 at 100.00
|
AA
|
1,341,318
|
|
Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/42
|
|
|
|
1,250
|
Southshore Metropolitan District 2 Aurora, Arapahoe County, Colorado, General Obligation
|
12/30 at 100.00
|
AA
|
1,457,162
|
|
Bonds, Subordinate Limited Tax Improvement Series 2020A-2, 4.000%, 12/01/46 – BAM Insured
|
|
|
|
498
|
Tallyn’s Reach Metropolitan District 3, Aurora, Colorado, General Obligation Bonds,
|
12/23 at 100.00
|
N/R (5)
|
552,312
|
|
Limited Tax Convertible to Unlimited Tax, Refunding & Improvement Series 2013, 5.000%,
|
|
|
|
|
12/01/33 (Pre-refunded 12/01/23)
|
|
|
|
9,483
|
Total Colorado
|
|
|
10,874,879
|
|
Delaware – 0.1%
|
|
|
|
100
|
Delaware Health Facilities Authority, Revenue Bonds, Beebe Medical Center Project,
|
12/28 at 100.00
|
BBB
|
118,597
|
|
Series 2018, 5.000%, 6/01/48
|
|
|
|
|
District of Columbia – 0.1%
|
|
|
|
105
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
10/29 at 100.00
|
A–
|
119,767
|
|
Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B,
|
|
|
|
|
4.000%, 10/01/49
|
|
|
|
|
Florida – 5.0%
|
|
|
|
850
|
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter
|
9/23 at 100.00
|
BBB
|
904,825
|
|
Academy, Inc Project, Series 2013A, 5.000%, 9/01/33
|
|
|
|
200
|
Florida Development Finance Corporation, Florida, Surface Transportation Facility
|
1/24 at 107.00
|
N/R
|
208,000
|
|
Revenue Bonds, Brightline Passenger Rail Project, Green Series 2019B, 7.375%,
|
|
|
|
|
1/01/49 (AMT), 144A
|
|
|
|
|
Florida Development Finance Corporation, Florida, Surface Transportation Facility
|
|
|
|
|
Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A:
|
|
|
|
350
|
6.375%, 1/01/49 (AMT) (Mandatory Put 1/01/26), 144A
|
6/21 at 104.00
|
N/R
|
350,977
|
380
|
6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A
|
6/21 at 104.00
|
N/R
|
380,471
|
500
|
Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds,
|
10/27 at 100.00
|
A1
|
598,370
|
|
Priority Subordinated Series 2017, 5.000%, 10/01/47 (AMT)
|
|
|
|
1,280
|
Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds,
|
2/31 at 100.00
|
A
|
1,460,160
|
|
Florida Health Sciences Center Inc D/B/A Tampa General Hospital, Series 2020A, 4.000%, 8/01/50
|
|
|
|
1,000
|
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%,
|
10/22 at 100.00
|
AA– (5)
|
1,068,940
|
|
10/01/42 (Pre-refunded 10/01/22)
|
|
|
|
310
|
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando
|
4/22 at 100.00
|
A+ (5)
|
323,671
|
|
Health, Inc, Series 2012A, 5.000%, 10/01/42 (Pre-refunded 4/01/22)
|
|
|
|
100
|
Tampa, Florida, Revenue Bonds, H Lee Moffitt Cancer Center and Research Institute,
|
7/30 at 100.00
|
A2
|
115,642
|
|
Series 2020B, 4.000%, 7/01/45
|
|
|
|
4,970
|
Total Florida
|
|
|
5,411,056
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Georgia – 2.7%
|
|
|
|
$ 455
|
Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium
|
7/25 at 100.00
|
A+
|
$ 526,453
|
|
Project, Senior Lien Series 2015A-1, 5.250%, 7/01/40
|
|
|
|
350
|
Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds,
|
11/23 at 100.00
|
BB+
|
349,881
|
|
Testletree Village Apartments, Series 2013A, 4.000%, 11/01/25
|
|
|
|
370
|
Fulton County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc
|
7/29 at 100.00
|
AA–
|
426,410
|
|
Project, Series 2019A, 4.000%, 7/01/49
|
|
|
|
255
|
Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project M Bonds, Series
|
7/28 at 100.00
|
A
|
302,211
|
|
2019A, 5.000%, 1/01/63
|
|
|
|
300
|
Main Street Natural Gas Inc, Georgia, Gas Project Revenue Bonds, Series 2006B,
|
No Opt. Call
|
A+
|
312,129
|
|
5.000%, 3/15/22
|
|
|
|
850
|
Rockdale County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc
|
7/29 at 100.00
|
AA–
|
985,499
|
|
Project, Series 2019A, 4.000%, 7/01/44
|
|
|
|
2,580
|
Total Georgia
|
|
|
2,902,583
|
|
Hawaii – 0.3%
|
|
|
|
250
|
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific
|
7/23 at 100.00
|
BB
|
272,075
|
|
University, Series 2013A, 6.625%, 7/01/33
|
|
|
|
|
Illinois – 10.8%
|
|
|
|
250
|
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds,
|
4/27 at 100.00
|
A–
|
300,518
|
|
Series 2016, 6.000%, 4/01/46
|
|
|
|
435
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/28 at 100.00
|
BB
|
509,341
|
|
Refunding Series 2018D, 5.000%, 12/01/46
|
|
|
|
650
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/25 at 100.00
|
BB
|
784,420
|
|
Series 2016A, 7.000%, 12/01/44
|
|
|
|
1,000
|
Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural
|
11/24 at 100.00
|
A
|
1,126,070
|
|
History, Series 2002RMKT, 4.500%, 11/01/36
|
|
|
|
280
|
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C,
|
6/21 at 100.00
|
AA+
|
280,801
|
|
5.125%, 5/15/35
|
|
|
|
80
|
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series
|
7/23 at 100.00
|
A–
|
86,404
|
|
2013A, 5.500%, 7/01/28
|
|
|
|
200
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
|
8/25 at 100.00
|
A3
|
224,606
|
|
Refunding Series 2015C, 5.000%, 8/15/44
|
|
|
|
400
|
Illinois State, General Obligation Bonds, May Series 2020, 5.500%, 5/01/39
|
5/30 at 100.00
|
BBB–
|
510,528
|
990
|
Illinois State, General Obligation Bonds, Series 2013, 5.250%, 7/01/31
|
7/23 at 100.00
|
BBB–
|
1,074,190
|
1,555
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
6/22 at 100.00
|
BBB
|
1,607,139
|
|
Bonds, Refunding Series 2012B, 5.000%, 6/15/52
|
|
|
|
200
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
12/25 at 100.00
|
BBB
|
230,556
|
|
Bonds, Series 2015A, 5.500%, 6/15/53
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
|
|
|
|
Bonds, Series 2017A:
|
|
|
|
3,000
|
0.000%, 12/15/56 – BAM Insured
|
No Opt. Call
|
AA
|
1,031,250
|
6,000
|
0.000%, 12/15/56
|
No Opt. Call
|
BBB
|
1,817,940
|
205
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place
|
No Opt. Call
|
BBB
|
140,093
|
|
Expansion Project, Series 2002A, 0.000%, 12/15/35 – NPFG Insured
|
|
|
|
450
|
Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana
|
10/22 at 100.00
|
Baa1
|
471,082
|
|
College, Series 2012, 5.000%, 10/01/27
|
|
|
|
800
|
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds,
|
6/21 at 100.00
|
N/R (5)
|
803,536
|
|
Series 2010, 6.000%, 6/01/28 (Pre-refunded 6/01/21)
|
|
|
|
490
|
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013,
|
10/23 at 100.00
|
A–
|
548,202
|
|
6.000%, 10/01/32
|
|
|
|
16,985
|
Total Illinois
|
|
|
11,546,676
|
NMI
|
Nuveen Municipal Income Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Indiana – 2.9%
|
|
|
|
$ 735
|
Gary Local Public Improvement Bond Bank, Indiana, Economic Development Revenue Bonds,
|
6/30 at 100.00
|
N/R
|
$ 774,021
|
|
Drexel Foundation for Educational Excellence Project, Refunding Series 2020A, 5.875%,
|
|
|
|
|
6/01/55, 144A
|
|
|
|
1,000
|
Indiana Finance Authority, Hospital Revenue Bonds, Marion General Hospital Project,
|
7/30 at 100.00
|
A
|
1,141,240
|
|
Series 2020A, 4.000%, 7/01/50
|
|
|
|
655
|
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
|
7/23 at 100.00
|
A–
|
712,372
|
|
Project, Series 2013A, 5.000%, 7/01/44 (AMT)
|
|
|
|
500
|
Vigo County Hospital Authority, Indiana, Hospital Revenue Bonds, Union Hospital, Inc,
|
9/21 at 100.00
|
N/R (5)
|
512,575
|
|
Series 2011, 8.000%, 9/01/41 (Pre-refunded 9/01/21)
|
|
|
|
2,890
|
Total Indiana
|
|
|
3,140,208
|
|
Iowa – 0.8%
|
|
|
|
835
|
Iowa Higher Education Loan Authority, Private College Facility Revenue Bonds, University
|
10/21 at 100.00
|
BBB
|
851,608
|
|
of Dubuque Project, Refunding Series 2011, 5.625%, 10/01/26
|
|
|
|
|
Louisiana – 2.4%
|
|
|
|
1,000
|
East Baton Rouge Sewerage Commission, Louisiana, Revenue Bonds, Refunding Series 2019A,
|
2/29 at 100.00
|
AA–
|
1,175,530
|
|
4.000%, 2/01/45
|
|
|
|
1,000
|
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Ochsner Clinic Foundation
|
5/30 at 100.00
|
A
|
1,154,130
|
|
Project, Series 2020A, 4.000%, 5/15/49
|
|
|
|
200
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal
|
1/27 at 100.00
|
A2
|
235,758
|
|
Project, Series 2017B, 5.000%, 1/01/48 (AMT)
|
|
|
|
2,200
|
Total Louisiana
|
|
|
2,565,418
|
|
Maine – 0.5%
|
|
|
|
500
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine
|
7/23 at 100.00
|
BBB
|
521,985
|
|
Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/43
|
|
|
|
|
Maryland – 0.8%
|
|
|
|
250
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge
|
7/27 at 100.00
|
A+
|
281,245
|
|
Health Issue, Series 2017, 4.000%, 7/01/42
|
|
|
|
500
|
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula
|
7/24 at 100.00
|
A (5)
|
574,150
|
|
Regional Medical Center Issue, Refunding Series 2015, 5.000%, 7/01/45 (Pre-refunded 7/01/24)
|
|
|
|
750
|
Total Maryland
|
|
|
855,395
|
|
Massachusetts – 0.6%
|
|
|
|
50
|
Massachusetts Development Finance Agency, Revenue Bonds, Atrius Health Issue, Series
|
6/29 at 100.00
|
BBB
|
56,362
|
|
2019A, 4.000%, 6/01/49
|
|
|
|
500
|
Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care,
|
7/26 at 100.00
|
A–
|
592,925
|
|
Series 2016I, 5.000%, 7/01/46
|
|
|
|
550
|
Total Massachusetts
|
|
|
649,287
|
|
Michigan – 3.4%
|
|
|
|
355
|
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
|
7/22 at 100.00
|
AA– (5)
|
376,158
|
|
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39 (Pre-refunded 7/01/22)
|
|
|
|
1,000
|
Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of
|
11/30 at 100.00
|
AA
|
1,162,210
|
|
Wayne, Second Lien Refunding Series 2020, 4.000%, 11/01/50
|
|
|
|
1,000
|
Michigan Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Series
|
11/29 at 100.00
|
A
|
1,134,950
|
|
2019A, 4.000%, 11/15/50
|
|
|
|
1,000
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series
|
10/21 at 100.00
|
Aa2 (5)
|
1,023,670
|
|
2011-II-A, 5.375%, 10/15/36 (Pre-refunded 10/15/21)
|
|
|
|
3,355
|
Total Michigan
|
|
|
3,696,988
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Minnesota – 2.2%
|
|
|
|
$ 300
|
City of Minneapolis, Minnesota, Senior Housing and Healthcare Facilities Revenue Bonds,
|
11/22 at 100.00
|
N/R
|
$ 289,440
|
|
Walker Minneapolis Campus Project, Series 2015, 4.625%, 11/15/31
|
|
|
|
1,000
|
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds,
|
2/28 at 100.00
|
A–
|
1,181,730
|
|
Essentia Health Obligated Group, Series 2018A, 5.000%, 2/15/53
|
|
|
|
300
|
Saint Paul Park, Minnesota, Senior Housing and Health Care Revenue Bonds, Presbyterian
|
9/24 at 100.00
|
N/R
|
309,465
|
|
Homes Bloomington Project, Refunding Series 2017, 4.250%, 9/01/37
|
|
|
|
500
|
West Saint Paul-Mendota Heights-Eagan Independent School District 197, Dakota County,
|
2/27 at 100.00
|
AAA
|
566,660
|
|
Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/39
|
|
|
|
2,100
|
Total Minnesota
|
|
|
2,347,295
|
|
Mississippi – 1.1%
|
|
|
|
1,000
|
Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial
|
9/26 at 100.00
|
BBB+
|
1,150,670
|
|
Healthcare, Series 2016A, 5.000%, 9/01/36
|
|
|
|
|
Missouri – 3.8%
|
|
|
|
135
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue
|
5/23 at 100.00
|
BBB
|
142,696
|
|
Bonds, Saint Louis College of Pharmacy, Series 2013, 5.250%, 5/01/33
|
|
|
|
1,000
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue
|
10/22 at 100.00
|
BBB–
|
1,023,820
|
|
Bonds, Southwest Baptist University Project, Series 2012, 5.000%, 10/01/33
|
|
|
|
125
|
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue
|
10/23 at 100.00
|
A+
|
138,668
|
|
Bonds, University of Central Missouri, Series 2013C-2, 5.000%, 10/01/34
|
|
|
|
1,000
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
|
6/30 at 100.00
|
A+
|
1,151,610
|
|
Mercy Health, Series 2020, 4.000%, 6/01/53
|
|
|
|
965
|
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lake Regional
|
2/22 at 100.00
|
BBB+
|
990,939
|
|
Health System, Series 2012, 5.000%, 2/15/26
|
|
|
|
215
|
Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship
|
9/25 at 103.00
|
BB+
|
241,084
|
|
Village Saint Louis Obligated Group, Series 2018A, 5.250%, 9/01/53
|
|
|
|
335
|
Saline County Industrial Development Authority, Missouri, First Mortgage Revenue Bonds,
|
10/23 at 100.00
|
N/R
|
341,961
|
|
Missouri Valley College, Series 2017, 4.500%, 10/01/40
|
|
|
|
3,775
|
Total Missouri
|
|
|
4,030,778
|
|
Nebraska – 0.4%
|
|
|
|
400
|
Nebraska Educational Finance Authority, Revenue Bonds, Clarkson College Project,
|
6/21 at 100.00
|
Aa3
|
401,436
|
|
Refunding Series 2011, 5.050%, 9/01/30
|
|
|
|
|
New Jersey – 2.9%
|
|
|
|
85
|
Gloucester County Pollution Control Financing Authority, New Jersey, Pollution Control
|
No Opt. Call
|
BBB–
|
89,155
|
|
Revenue Bonds, Logan Project, Refunding Series 2014A, 5.000%, 12/01/24 (AMT)
|
|
|
|
110
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University
|
7/25 at 100.00
|
AA
|
126,056
|
|
Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46 – AGM Insured
|
|
|
|
545
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
6/25 at 100.00
|
Baa1
|
618,913
|
|
2015AA, 5.000%, 6/15/45
|
|
|
|
1,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
12/28 at 100.00
|
Baa1
|
1,127,310
|
|
2019BB, 4.000%, 6/15/44
|
|
|
|
1,000
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
|
6/28 at 100.00
|
BBB+
|
1,186,100
|
|
Bonds, Series 2018A, 5.000%, 6/01/46
|
|
|
|
2,740
|
Total New Jersey
|
|
|
3,147,534
|
NMI
|
Nuveen Municipal Income Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
New York – 2.3%
|
|
|
|
$ 60
|
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue
|
7/25 at 100.00
|
BBB
|
$ 69,211
|
|
Bonds, Catholic Health System, Inc Project, Series 2015, 5.250%, 7/01/35
|
|
|
|
150
|
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012
|
6/21 at 100.00
|
AA–
|
150,605
|
|
Series 2011A, 5.750%, 2/15/47
|
|
|
|
315
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green
|
5/30 at 100.00
|
A3
|
391,781
|
|
Climate Bond Certified Series 2020C-1, 5.250%, 11/15/55
|
|
|
|
130
|
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes
|
1/31 at 100.00
|
AA
|
136,235
|
|
Revenue Bonds, Queens Baseball Stadium Project, Refunding Series 2021A, 3.000%,
|
|
|
|
|
1/01/46 – AGM Insured
|
|
|
|
500
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
|
11/24 at 100.00
|
N/R
|
547,300
|
|
Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A
|
|
|
|
1,000
|
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds,
|
9/30 at 100.00
|
AA+
|
1,168,520
|
|
General Purpose, Series 2020A, 4.000%, 3/15/45
|
|
|
|
2,155
|
Total New York
|
|
|
2,463,652
|
|
North Carolina – 2.3%
|
|
|
|
1,775
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien
|
1/30 at 100.00
|
Aa1
|
2,164,879
|
|
Series 2019, 5.000%, 1/01/49
|
|
|
|
225
|
University of North Carolina, Chapel Hill, Revenue Bonds, Hospital System, Series 2019,
|
No Opt. Call
|
AA
|
331,348
|
|
5.000%, 2/01/45
|
|
|
|
2,000
|
Total North Carolina
|
|
|
2,496,227
|
|
North Dakota – 0.6%
|
|
|
|
200
|
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center
|
7/21 at 100.00
|
N/R (5)
|
201,426
|
|
Project, Series 2014A, 5.000%, 7/01/35 (Pre-refunded 7/01/21)
|
|
|
|
300
|
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series
|
11/21 at 100.00
|
A+ (5)
|
308,838
|
|
2011, 6.250%, 11/01/31 (Pre-refunded 11/01/21)
|
|
|
|
100
|
Grand Forks, North Dakota, Senior Housing & Nursing Facilities Revenue Bonds, Valley
|
12/26 at 100.00
|
N/R
|
104,340
|
|
Homes and Services Obligated Group, Series 2017, 5.000%, 12/01/36
|
|
|
|
600
|
Total North Dakota
|
|
|
614,604
|
|
Ohio – 3.4%
|
|
|
|
655
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/30 at 100.00
|
N/R
|
736,331
|
|
Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55
|
|
|
|
1,000
|
Cleveland-Cuyahoga County Port Authority, Ohio, Cultural Facility Revenue Bonds, The
|
7/31 at 100.00
|
A3
|
1,165,380
|
|
Cleveland Museum of Natural History Project, Series 2021, 4.000%, 7/01/46
|
|
|
|
1,750
|
Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health
|
8/21 at 100.00
|
A2
|
1,771,840
|
|
Center Project, Refunding Series 2011, 5.250%, 8/01/36
|
|
|
|
3,405
|
Total Ohio
|
|
|
3,673,551
|
|
Oklahoma – 0.3%
|
|
|
|
250
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine
|
8/28 at 100.00
|
Baa3
|
306,325
|
|
Project, Series 2018B, 5.500%, 8/15/57
|
|
|
|
|
Oregon – 0.4%
|
|
|
|
55
|
Clackamas County Hospital Facility Authority, Oregon, Revenue Bonds, Rose Villa Inc,
|
11/25 at 102.00
|
N/R
|
59,217
|
|
Series 2020A, 5.250%, 11/15/50
|
|
|
|
300
|
Forest Grove, Oregon, Campus Improvement Revenue Bonds, Pacific University Project,
|
5/22 at 100.00
|
BBB
|
308,922
|
|
Refunding Series 2014A, 5.000%, 5/01/40
|
|
|
|
355
|
Total Oregon
|
|
|
368,139
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Pennsylvania – 2.6%
|
|
|
|
$ 1,000
|
Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Reading Hospital &
|
5/22 at 100.00
|
BB–
|
$ 1,003,780
|
|
Medical Center Project, Series 2012A, 5.000%, 11/01/40
|
|
|
|
100
|
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds,
|
9/29 at 100.00
|
A
|
114,028
|
|
Thomas Jefferson University, Series 2019, 4.000%, 9/01/49
|
|
|
|
560
|
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue
|
1/25 at 100.00
|
Ba1
|
628,242
|
|
Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/36
|
|
|
|
1,000
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Foundation for
|
7/22 at 100.00
|
N/R (5)
|
1,056,100
|
|
Student Housing at Indiana University, Project Series 2012A, 5.000%, 7/01/41
|
|
|
|
|
(Pre-refunded 7/01/22)
|
|
|
|
2,660
|
Total Pennsylvania
|
|
|
2,802,150
|
|
Puerto Rico – 2.1%
|
|
|
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:
|
|
|
|
200
|
4.550%, 7/01/40
|
7/28 at 100.00
|
N/R
|
221,964
|
1,760
|
0.000%, 7/01/51
|
7/28 at 30.01
|
N/R
|
404,765
|
989
|
5.000%, 7/01/58
|
7/28 at 100.00
|
N/R
|
1,116,640
|
500
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable
|
7/28 at 100.00
|
N/R
|
557,605
|
|
Restructured Cofina Project Series 2019A-2, 4.784%, 7/01/58
|
|
|
|
3,449
|
Total Puerto Rico
|
|
|
2,300,974
|
|
South Carolina – 0.6%
|
|
|
|
620
|
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds,
|
4/26 at 103.00
|
BBB–
|
644,279
|
|
Bishop Gadsden Episcopal Retirement Community, Series 2019A, 4.000%, 4/01/49
|
|
|
|
|
South Dakota – 0.1%
|
|
|
|
100
|
Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project,
|
11/26 at 100.00
|
BB
|
107,125
|
|
Series 2017, 5.125%, 11/01/47
|
|
|
|
|
Tennessee – 2.2%
|
|
|
|
1,250
|
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds,
|
1/23 at 100.00
|
BBB+ (5)
|
1,353,350
|
|
Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23)
|
|
|
|
870
|
Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds,
|
9/26 at 100.00
|
BBB
|
988,424
|
|
University Health System, Inc, Series 2016, 5.000%, 9/01/47
|
|
|
|
2,120
|
Total Tennessee
|
|
|
2,341,774
|
|
Texas – 5.1%
|
|
|
|
500
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2021B,
|
1/31 at 100.00
|
A–
|
633,675
|
|
5.000%, 1/01/46
|
|
|
|
670
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A,
|
7/25 at 100.00
|
A–
|
768,303
|
|
5.000%, 1/01/40
|
|
|
|
335
|
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier
|
10/23 at 100.00
|
A+
|
356,477
|
|
Series 2013A, 5.125%, 10/01/43
|
|
|
|
500
|
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA
|
5/25 at 100.00
|
A+
|
578,045
|
|
Transmission Services Corporation Project, Refunding Series 2015, 5.000%, 5/15/40
|
|
|
|
125
|
Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project,
|
10/21 at 105.00
|
BB–
|
132,659
|
|
Senior Lien Series 2018, 4.625%, 10/01/31 (AMT), 144A
|
|
|
|
200
|
North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible
|
9/31 at 100.00
|
N/R (5)
|
276,136
|
|
Capital Appreciation Series 2011C, 0.000%, 9/01/43 (Pre-refunded 9/01/31) (6)
|
|
|
|
410
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B,
|
1/23 at 100.00
|
A+
|
437,855
|
|
5.000%, 1/01/40
|
|
|
|
NMI
|
Nuveen Municipal Income Fund, Inc.
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Texas (continued)
|
|
|
|
$ 500
|
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series
|
1/25 at 100.00
|
A
|
$ 573,400
|
|
2015A, 5.000%, 1/01/38
|
|
|
|
240
|
Reagan Hospital District of Reagan County, Texas, Limited Tax Revenue Bonds, Series
|
2/24 at 100.00
|
Ba1
|
256,262
|
|
2014A, 5.000%, 2/01/34
|
|
|
|
295
|
SA Energy Acquisition Public Facilities Corporation, Texas, Gas Supply Revenue Bonds,
|
No Opt. Call
|
A2
|
369,859
|
|
Series 2007, 5.500%, 8/01/27
|
|
|
|
1,000
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding
|
8/24 at 100.00
|
A–
|
1,126,710
|
|
Second Tier Series 2015C, 5.000%, 8/15/32
|
|
|
|
4,775
|
Total Texas
|
|
|
5,509,381
|
|
Virginia – 1.6%
|
|
|
|
1,265
|
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3
|
6/27 at 100.00
|
BBB
|
1,508,778
|
|
Project, Senior Lien Series 2017, 5.000%, 12/31/56 (AMT)
|
|
|
|
205
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
|
7/22 at 100.00
|
BBB
|
217,436
|
|
Crossing, Opco LLC Project, Series 2012, 6.000%, 1/01/37 (AMT)
|
|
|
|
1,470
|
Total Virginia
|
|
|
1,726,214
|
|
West Virginia – 1.1%
|
|
|
|
1,000
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United
|
6/28 at 100.00
|
A
|
1,188,860
|
|
Health System Obligated Group, Series 2018A, 5.000%, 6/01/52
|
|
|
|
|
Wisconsin – 4.5%
|
|
|
|
|
Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds,
|
|
|
|
|
Lombard Public Facilities Corporation, Second Tier Series 2018B:
|
|
|
|
4
|
0.000%, 1/01/46, 144A (4)
|
No Opt. Call
|
N/R
|
112
|
4
|
0.000%, 1/01/47, 144A (4)
|
No Opt. Call
|
N/R
|
106
|
4
|
0.000%, 1/01/48, 144A (4)
|
No Opt. Call
|
N/R
|
104
|
4
|
0.000%, 1/01/49, 144A (4)
|
No Opt. Call
|
N/R
|
101
|
3
|
0.000%, 1/01/50, 144A (4)
|
No Opt. Call
|
N/R
|
96
|
4
|
0.000%, 1/01/51, 144A (4)
|
No Opt. Call
|
N/R
|
103
|
98
|
0.000%, 7/01/51, 144A (4)
|
3/28 at 100.00
|
N/R
|
67,600
|
4
|
0.000%, 1/01/52, 144A (4)
|
No Opt. Call
|
N/R
|
99
|
4
|
0.000%, 1/01/53, 144A (4)
|
No Opt. Call
|
N/R
|
96
|
4
|
0.000%, 1/01/54, 144A (4)
|
No Opt. Call
|
N/R
|
92
|
4
|
0.000%, 1/01/55, 144A (4)
|
No Opt. Call
|
N/R
|
89
|
4
|
0.000%, 1/01/56, 144A (4)
|
No Opt. Call
|
N/R
|
87
|
4
|
0.000%, 1/01/57, 144A (4)
|
No Opt. Call
|
N/R
|
84
|
4
|
0.000%, 1/01/58, 144A (4)
|
No Opt. Call
|
N/R
|
81
|
3
|
0.000%, 1/01/59, 144A (4)
|
No Opt. Call
|
N/R
|
79
|
3
|
0.000%, 1/01/60, 144A (4)
|
No Opt. Call
|
N/R
|
76
|
3
|
0.000%, 1/01/61, 144A (4)
|
No Opt. Call
|
N/R
|
73
|
3
|
0.000%, 1/01/62, 144A (4)
|
No Opt. Call
|
N/R
|
71
|
3
|
0.000%, 1/01/63, 144A (4)
|
No Opt. Call
|
N/R
|
68
|
3
|
0.000%, 1/01/64, 144A (4)
|
No Opt. Call
|
N/R
|
67
|
3
|
0.000%, 1/01/65, 144A (4)
|
No Opt. Call
|
N/R
|
64
|
3
|
0.000%, 1/01/66, 144A (4)
|
No Opt. Call
|
N/R
|
60
|
42
|
0.000%, 1/01/67, 144A (4)
|
No Opt. Call
|
N/R
|
729
|
500
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marquette
|
10/22 at 100.00
|
A2
|
521,815
|
|
University, Series 2012, 4.000%, 10/01/32
|
|
|
|
755
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen
|
10/21 at 100.00
|
AA–
|
769,171
|
|
Lutheran, Series 2011A, 5.250%, 10/15/39
|
|
|
|
200
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson
|
10/22 at 102.00
|
N/R
|
208,400
|
|
Hollow Project Series 2014, 5.125%, 10/01/34
|
|
|
|
1,000
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, PHW
|
10/23 at 102.00
|
N/R
|
1,043,020
|
|
Oconomowoc, Inc Project, Series 2018, 5.125%, 10/01/48
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Wisconsin (continued)
|
|
|
|
$ 1,000
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds,
|
8/24 at 100.00
|
A+
|
$ 1,117,260
|
|
ProHealth Care, Inc Obligated Group, Refunding Series 2015, 5.000%, 8/15/39
|
|
|
|
500
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Rogers
|
7/24 at 100.00
|
A
|
552,650
|
|
Memorial Hospital, Inc, Series 2014B, 5.000%, 7/01/44
|
|
|
|
545
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint
|
9/23 at 100.00
|
BBB–
|
568,909
|
|
John’s Communities Inc, Series 2018A, 5.000%, 9/15/50
|
|
|
|
4,715
|
Total Wisconsin
|
|
|
4,851,362
|
$ 103,017
|
Total Long-Term Investments (cost $96,034,221)
|
|
|
104,834,335
|
|
Other Assets Less Liabilities – 2.4%
|
|
|
2,576,342
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 107,410,677
|
(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)
|
For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch,
|
|
Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard &
|
|
Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
|
(4)
|
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.
|
(5)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.
|
(6)
|
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.
|
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.
|
|
See accompanying notes to financial statements.
|
NEV
|
Nuveen Enhanced Municipal Value Fund
Portfolio of Investments April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
LONG-TERM INVESTMENTS – 131.5%
|
|
|
|
|
MUNICIPAL BONDS – 129.6%
|
|
|
|
|
Alabama – 0.5%
|
|
|
|
$ 340
|
Hoover Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds,
|
10/29 at 100.00
|
B–
|
$ 397,453
|
|
United States Steel Corporation Project, Series 2019, 5.750%, 10/01/49 (AMT)
|
|
|
|
1,350
|
Jefferson County, Alabama, Sewer Revenue Warrants, Senior Lien Series 2013A, 5.250%,
|
10/23 at 102.00
|
AA
|
1,514,781
|
|
10/01/48 – AGM Insured
|
|
|
|
1,690
|
Total Alabama
|
|
|
1,912,234
|
|
Arizona – 1.0%
|
|
|
|
1,585
|
Arizona Health Facilities Authority, Hospital Revenue Bonds, Banner Health Systems,
|
1/22 at 100.00
|
AA– (5)
|
1,790,733
|
|
Tender Option Bond Trust 2015-XF2046, 17.772%, 7/01/36 (Pre-refunded 1/01/22), 144A (IF) (4)
|
|
|
|
1,030
|
Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds,
|
7/21 at 100.00
|
N/R (5)
|
1,040,321
|
|
Great Hearts Academies – Veritas Project, Series 2012, 6.600%, 7/01/47 (Pre-refunded 7/01/21)
|
|
|
|
35
|
Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds,
|
7/25 at 100.00
|
N/R
|
36,890
|
|
The Paideia Academies Project, 2019, 5.125%, 7/01/39
|
|
|
|
1,095
|
Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Tribal Economic Development
|
5/22 at 100.00
|
N/R
|
1,139,304
|
|
Bonds, Series 2012A, 9.750%, 5/01/25
|
|
|
|
50
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy
|
No Opt. Call
|
A3
|
66,441
|
|
Inc Prepay Contract Obligations, Series 2007, 5.000%, 12/01/32
|
|
|
|
3,795
|
Total Arizona
|
|
|
4,073,689
|
|
Arkansas – 0.6%
|
|
|
|
2,000
|
Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River
|
9/26 at 103.00
|
B1
|
2,187,340
|
|
Steel Project, Series 2019, 4.500%, 9/01/49 (AMT), 144A
|
|
|
|
|
California – 10.1%
|
|
|
|
180
|
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second
|
10/26 at 100.00
|
BBB+
|
212,137
|
|
Subordinate Lien Series 2016B, 5.000%, 10/01/37
|
|
|
|
10,000
|
Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge,
|
10/29 at 100.00
|
AA–
|
10,477,400
|
|
Subordinate Series 2019S-8, 3.000%, 4/01/54 (UB) (4)
|
|
|
|
1,510
|
California Community Housing Agency, California, Essential Housing Revenue Bonds,
|
2/30 at 100.00
|
N/R
|
1,730,626
|
|
Serenity at Larkspur Apartments, Series 2020A, 5.000%, 2/01/50, 144A
|
|
|
|
60
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,
|
6/30 at 100.00
|
BBB+
|
69,589
|
|
Los Angeles County Securitization Corporation, Series 2020A, 4.000%, 6/01/49
|
|
|
|
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma
|
|
|
|
|
Linda University Medical Center, Series 2014A:
|
|
|
|
2,500
|
5.250%, 12/01/44
|
12/24 at 100.00
|
BB
|
2,792,100
|
1,712
|
5.500%, 12/01/54
|
12/24 at 100.00
|
BB
|
1,918,330
|
3,450
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma
|
6/26 at 100.00
|
BB
|
3,888,806
|
|
Linda University Medical Center, Series 2016A, 5.250%, 12/01/56, 144A
|
|
|
|
2,760
|
California Statewide Community Development Authority, Certificates of Participation,
|
1/28 at 100.00
|
BBB+
|
3,092,663
|
|
Methodist Hospital of Southern California, Series 2018, 4.250%, 1/01/43
|
|
|
|
400
|
Davis Redevelopment Agency, California, Tax Allocation Bonds, Davis Redevelopment
|
12/21 at 100.00
|
A+ (5)
|
415,740
|
|
Project, Subordinate Series 2011A, 7.000%, 12/01/36 (Pre-refunded 12/01/21)
|
|
|
|
5,240
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement
|
5/21 at 22.00
|
CCC–
|
1,162,022
|
|
Asset-Backed Bonds, First Subordinate Series 2007B-1, 0.000%, 6/01/47
|
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement
|
|
|
|
|
Asset-Backed Bonds, Tender Option Bond Trust 2015-XF1038:
|
|
|
|
2,445
|
17.537%, 6/01/40, 144A (IF) (4)
|
6/25 at 100.00
|
A+
|
4,065,253
|
1,250
|
17.551%, 6/01/40, 144A (IF) (4)
|
6/25 at 100.00
|
Aa3
|
2,079,063
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
California (continued)
|
|
|
|
$ 2,550
|
Grossmont Healthcare District, California, General Obligation Bonds, Tender Option Bond
|
7/21 at 100.00
|
Aaa
|
$ 2,728,755
|
|
Trust 2017-XF2453, 32.773%, 7/15/40 (Pre-refunded 7/15/21), 144A (IF) (4)
|
|
|
|
225
|
Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds,
|
No Opt. Call
|
A+
|
234,513
|
|
Series 2007B, 1.580%, 11/15/27 (3-Month LIBOR reference rate + 1.450% spread) (6)
|
|
|
|
1,600
|
Los Angeles County, California, Community Development Commission Headquarters Office
|
9/21 at 100.00
|
Aa3
|
1,723,728
|
|
Building, Lease Revenue Bonds, Community Development Properties Los Angeles County Inc,
|
|
|
|
|
Tender Option Bond Trust 2016-XL0022, 23.057%, 9/01/42, 144A (IF) (4)
|
|
|
|
1,080
|
National City Community Development Commission, California, Tax Allocation Bonds,
|
8/21 at 100.00
|
N/R (5)
|
1,097,960
|
|
National City Redevelopment Project, Series 2011, 7.000%, 8/01/32 (Pre-refunded 8/01/21)
|
|
|
|
1,165
|
Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field
|
9/21 at 100.00
|
N/R (5)
|
1,190,001
|
|
Redevelopment Project, Series 2011, 6.750%, 9/01/40 (Pre-refunded 9/01/21)
|
|
|
|
1,045
|
Ukiah Redevelopment Agency, California, Tax Allocation Bonds, Ukiah Redevelopment
|
6/21 at 100.00
|
A+ (5)
|
1,049,932
|
|
Project, Series 2011A, 6.500%, 12/01/28 (Pre-refunded 6/01/21)
|
|
|
|
39,172
|
Total California
|
|
|
39,928,618
|
|
Colorado – 2.8%
|
|
|
|
|
Colorado Bridge Enterprise, Revenue Bonds, Central 70 Project, Senior Series 2017:
|
|
|
|
750
|
4.000%, 12/31/30 (AMT)
|
12/27 at 100.00
|
A–
|
839,400
|
250
|
4.000%, 6/30/31 (AMT)
|
12/27 at 100.00
|
A–
|
279,293
|
820
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health,
|
8/29 at 100.00
|
BBB+
|
925,468
|
|
Series 2019A-2, 4.000%, 8/01/49 (UB) (4)
|
|
|
|
26
|
Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project,
|
No Opt. Call
|
N/R
|
—
|
|
Series 2007, 5.000%, 9/30/21 (7), (8)
|
|
|
|
239
|
Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project,
|
No Opt. Call
|
N/R
|
3,304
|
|
Series 2017, 5.500%, 4/01/22 (AMT) (7), (8)
|
|
|
|
4,000
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Refunding Series 2006B,
|
9/26 at 52.09
|
A
|
1,905,640
|
|
0.000%, 9/01/39 – NPFG Insured
|
|
|
|
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado
|
|
|
|
|
Springs Utilities, Series 2008:
|
|
|
|
475
|
6.250%, 11/15/28
|
No Opt. Call
|
A+
|
597,009
|
4,030
|
6.500%, 11/15/38
|
No Opt. Call
|
A+
|
6,249,764
|
10,590
|
Total Colorado
|
|
|
10,799,878
|
|
Connecticut – 0.1%
|
|
|
|
400
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford
|
7/22 at 100.00
|
BBB+
|
416,448
|
|
Hospital, Series 2012J, 5.000%, 7/01/37
|
|
|
|
|
District of Columbia – 1.7%
|
|
|
|
10,000
|
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds,
|
No Opt. Call
|
A–
|
6,754,300
|
|
Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B, 0.000%,
|
|
|
|
|
10/01/37 – AGC Insured
|
|
|
|
|
Florida – 10.1%
|
|
|
|
1,000
|
Bonterra Community Development District, Hialeah, Florida, Special Assessment Bonds,
|
5/27 at 100.00
|
N/R
|
1,083,400
|
|
Assessment Area 2 Project, Series 2016, 4.500%, 5/01/34
|
|
|
|
325
|
Capital Trust Agency, Florida, Revenue Bonds, Renaissance Charter School Project, Series
|
6/26 at 100.00
|
N/R
|
355,108
|
|
2019A, 5.000%, 6/15/39, 144A
|
|
|
|
150
|
Charlotte County Industrial Development Authority, Florida, Utility System Revenue
|
10/27 at 100.00
|
N/R
|
166,431
|
|
Bonds, Town & Country Utilities Project, Series 2019, 5.000%, 10/01/49 (AMT), 144A
|
|
|
|
2,000
|
Collier County Educational Facilities Authority, Florida, Revenue Bonds, Ave Maria
|
6/23 at 100.00
|
BBB–
|
2,147,020
|
|
University, Refunding Series 2013A, 5.625%, 6/01/33
|
|
|
|
|
Escambia County Health Facilities Authority, Florida, Health Care Facilities Revenue
|
|
|
|
|
Bonds, Baptist Health Care Corporation Obligated, Series 2020A:
|
|
|
|
2,500
|
4.000%, 8/15/45
|
2/30 at 100.00
|
BBB+
|
2,854,450
|
5,675
|
4.000%, 8/15/45 (UB) (4)
|
2/30 at 100.00
|
BBB+
|
6,479,602
|
NEV
|
Nuveen Enhanced Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Florida (continued)
|
|
|
|
$ 1,000
|
Florida Development Finance Corporation, Educational Facilities Revenue Bonds,
|
6/21 at 100.00
|
N/R (5)
|
$ 1,008,410
|
|
Renaissance Charter School, Inc Projects, Series 2011A, 7.500%, 6/15/33 (Pre-refunded 6/15/21)
|
|
|
|
4,500
|
Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue
|
1/24 at 107.00
|
N/R
|
4,680,000
|
|
Bonds, Brightline Passenger Rail Project, Green Series 2019B, 7.375%, 1/01/49 (AMT), 144A
|
|
|
|
4,210
|
Florida Development Finance Corporation, Florida, Surface Transportation Facility
|
6/21 at 104.00
|
N/R
|
4,215,220
|
|
Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A, 6.500%, 1/01/49 (AMT)
|
|
|
|
|
(Mandatory Put 1/01/29), 144A
|
|
|
|
265
|
Miami-Dade County Health Facility Authority, Florida, Hospital Revenue Bonds, Miami
|
6/21 at 100.00
|
A+
|
266,095
|
|
Children’s Hospital, Series 2010A, 6.000%, 8/01/30
|
|
|
|
|
Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Refunding &
|
|
|
|
|
Improvement Capital Appreciation Series 2019A-2:
|
|
|
|
1,000
|
0.000%, 10/01/44
|
10/29 at 59.08
|
BBB+
|
464,110
|
4,200
|
0.000%, 10/01/47
|
10/29 at 52.89
|
BBB+
|
1,734,642
|
1,250
|
0.000%, 10/01/48
|
10/29 at 50.96
|
BBB+
|
496,425
|
1,000
|
0.000%, 10/01/49
|
10/29 at 49.08
|
BBB+
|
381,970
|
2,000
|
0.000%, 10/01/50
|
10/29 at 47.17
|
BBB+
|
733,060
|
7,475
|
0.000%, 10/01/52
|
10/29 at 43.62
|
BBB+
|
2,528,568
|
2,300
|
0.000%, 10/01/54
|
10/29 at 40.38
|
BBB+
|
719,118
|
|
Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Jupiter Medical
|
|
|
|
|
Center, Series 2013A:
|
|
|
|
1,000
|
5.000%, 11/01/33
|
11/22 at 100.00
|
BBB+
|
1,045,110
|
2,000
|
5.000%, 11/01/43
|
11/22 at 100.00
|
BBB+
|
2,081,660
|
205
|
Palm Beach County, Florida, Revenue Bonds, Provident Group – PBAU Properties LLC – Palm
|
4/29 at 100.00
|
Ba1
|
229,229
|
|
Beach Atlantic University Housing Project, Series 2019A, 5.000%, 4/01/39, 144A
|
|
|
|
720
|
Tampa, Florida, Revenue Bonds, H Lee Moffitt Cancer Center and Research Institute,
|
7/30 at 100.00
|
A2
|
832,622
|
|
Series 2020B, 4.000%, 7/01/45
|
|
|
|
3,000
|
Tampa, Florida, Revenue Bonds, University of Tampa, Refunding Series 2020A,
|
4/30 at 100.00
|
A–
|
3,362,700
|
|
4.000%, 4/01/50
|
|
|
|
95
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible,
|
5/22 at 100.00
|
N/R
|
82,784
|
|
Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (9)
|
|
|
|
135
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note,
|
6/21 at 100.00
|
N/R
|
1
|
|
Series 2007-3, 6.650%, 5/01/40 (8)
|
|
|
|
350
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
|
6/21 at 100.00
|
N/R
|
336,053
|
|
Series 2015-1, 0.000%, 5/01/40 (9)
|
|
|
|
215
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
|
6/21 at 100.00
|
N/R
|
161,190
|
|
Series 2015-2, 0.000%, 5/01/40 (9)
|
|
|
|
235
|
Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
|
6/21 at 100.00
|
N/R
|
2
|
|
Series 2015-3, 6.610%, 5/01/40 (8)
|
|
|
|
1,080
|
Venetian Community Development District, Sarasota County, Florida, Capital Improvement
|
5/22 at 100.00
|
N/R
|
1,107,551
|
|
Revenue Bonds, Series 2012-A2, 5.500%, 5/01/34
|
|
|
|
49,885
|
Total Florida
|
|
|
39,552,531
|
|
Georgia – 0.2%
|
|
|
|
285
|
Atlanta Development Authority, Georgia, Senior Health Care Facilities Revenue Bonds,
|
1/28 at 100.00
|
N/R
|
184,680
|
|
Georgia Proton Treatment Center Project, Current Interest Series 2017A-1, 6.500%, 1/01/29
|
|
|
|
90
|
Main Street Natural Gas Inc, Georgia, Gas Project Revenue Bonds, Series 2006B,
|
No Opt. Call
|
A+
|
93,639
|
|
5.000%, 3/15/22
|
|
|
|
260
|
Main Street Natural Gas Inc, Georgia, Gas Project Revenue Bonds, Series 2007A,
|
No Opt. Call
|
A+
|
321,573
|
|
5.500%, 9/15/26
|
|
|
|
635
|
Total Georgia
|
|
|
599,892
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Guam – 5.7%
|
|
|
|
|
Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D:
|
|
|
|
195
|
5.000%, 11/15/33
|
11/25 at 100.00
|
BB
|
$ 220,403
|
1,805
|
5.000%, 11/15/34
|
11/25 at 100.00
|
BB
|
2,038,061
|
1,760
|
Government of Guam, Business Privilege Tax Bonds, Series 2012B-1, 5.000%, 1/01/42
|
1/22 at 100.00
|
BB
|
1,809,403
|
500
|
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series
|
7/23 at 100.00
|
A– (5)
|
555,660
|
|
2013, 5.500%, 7/01/43 (Pre-refunded 7/01/23)
|
|
|
|
|
Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A:
|
|
|
|
2,500
|
5.000%, 12/01/28 (UB) (4)
|
12/26 at 100.00
|
BB
|
2,925,675
|
1,750
|
5.000%, 12/01/30 (UB) (4)
|
12/26 at 100.00
|
BB
|
2,029,825
|
2,500
|
5.000%, 12/01/32 (UB) (4)
|
12/26 at 100.00
|
BB
|
2,887,475
|
1,750
|
5.000%, 12/01/34 (UB) (4)
|
12/26 at 100.00
|
BB
|
2,015,125
|
6,000
|
5.000%, 12/01/46 (UB) (4)
|
12/26 at 100.00
|
BB
|
6,782,040
|
1,000
|
Guam Power Authority, Revenue Bonds, Refunding Series 2017A, 5.000%, 10/01/37
|
10/27 at 100.00
|
BBB
|
1,162,210
|
19,760
|
Total Guam
|
|
|
22,425,877
|
|
Illinois – 19.3%
|
|
|
|
1,165
|
CenterPoint Intermodal Center Program Trust, Illinois, Series 2004 Class A Certificates,
|
No Opt. Call
|
N/R
|
1,179,772
|
|
4.000%, 6/15/23 (Mandatory Put 12/15/22), 144A
|
|
|
|
5,000
|
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds,
|
4/27 at 100.00
|
A–
|
6,010,350
|
|
Series 2016, 6.000%, 4/01/46
|
|
|
|
2,255
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/24 at 100.00
|
BB
|
2,502,937
|
|
Project Series 2015C, 5.250%, 12/01/35
|
|
|
|
1,335
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues,
|
12/26 at 100.00
|
BB
|
1,626,123
|
|
Series 2016B, 6.500%, 12/01/46
|
|
|
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated
|
|
|
|
|
Tax Revenues, Series 1998B-1:
|
|
|
|
1,000
|
0.000%, 12/01/22 – FGIC Insured
|
No Opt. Call
|
Baa2
|
987,480
|
1,000
|
0.000%, 12/01/27 – NPFG Insured
|
No Opt. Call
|
Baa2
|
889,340
|
1,000
|
Chicago, Illinois, General Obligation Bonds, Neighborhoods Alive 21 Program, Series
|
1/25 at 100.00
|
BBB+
|
1,127,350
|
|
2002B, 5.500%, 1/01/33
|
|
|
|
|
Chicago, Illinois, General Obligation Bonds, Refunding Series 2012C:
|
|
|
|
320
|
5.000%, 1/01/23
|
1/22 at 100.00
|
BBB+
|
328,826
|
160
|
5.000%, 1/01/25
|
1/22 at 100.00
|
BBB+
|
164,197
|
|
Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C:
|
|
|
|
3,470
|
5.000%, 1/01/24
|
No Opt. Call
|
BBB+
|
3,842,782
|
350
|
5.000%, 1/01/29
|
1/26 at 100.00
|
BBB+
|
402,147
|
770
|
5.000%, 1/01/38
|
1/26 at 100.00
|
BBB+
|
868,406
|
1,150
|
Chicago, Illinois, General Obligation Bonds, Series 2015A, 5.500%, 1/01/33
|
1/25 at 100.00
|
BBB+
|
1,296,453
|
10,125
|
Chicago, Illinois, General Obligation Bonds, Series 2019A, 5.000%, 1/01/44 (UB) (4)
|
1/29 at 100.00
|
BBB+
|
11,933,325
|
405
|
DuPage County, Illinois, Revenue Bonds, Morton Arboretum Project, Green Series 2020,
|
5/30 at 100.00
|
A1
|
413,448
|
|
3.000%, 5/15/47
|
|
|
|
2,000
|
Grundy County School District 54 Morris, Illinois, General Obligation Bonds, Refunding
|
12/21 at 100.00
|
AA
|
2,067,200
|
|
Series 2005, 6.000%, 12/01/24 – AGM Insured
|
|
|
|
1,540
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Tender Option Bond
|
9/22 at 100.00
|
AA+
|
1,902,331
|
|
Trust 2016-XF2339, 17.825%, 9/01/38, 144A (IF) (4)
|
|
|
|
1,605
|
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Tender Option Bond
|
9/22 at 100.00
|
AA+
|
2,076,067
|
|
Trust 2016-XF2339, 22.079%, 9/01/38, 144A (IF) (4)
|
|
|
|
600
|
Illinois Finance Authority, Revenue Bonds, Christian Homes Inc, Refunding Series 2010,
|
6/21 at 100.00
|
BBB–
|
601,728
|
|
6.125%, 5/15/27
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Healthcare, Tender
|
|
|
|
|
Option Bond Trust 2015-XF0076:
|
|
|
|
150
|
17.937%, 8/15/37, 144A (IF)
|
8/22 at 100.00
|
AA+
|
183,699
|
690
|
17.937%, 8/15/37, 144A (IF)
|
8/22 at 100.00
|
AA+
|
846,844
|
NEV
|
Nuveen Enhanced Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Illinois (continued)
|
|
|
|
$ 1,000
|
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C,
|
6/21 at 100.00
|
AA+
|
$ 1,002,860
|
|
5.125%, 5/15/35
|
|
|
|
455
|
Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Tender Option Bond
|
8/21 at 100.00
|
AA
|
492,146
|
|
Trust 2015-XF0121, 26.798%, 8/15/41 – AGM Insured, 144A (IF) (4)
|
|
|
|
20,830
|
Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/27 (UB) (4)
|
No Opt. Call
|
BBB–
|
25,265,957
|
1,380
|
Illinois State, General Obligation Bonds, November Series 2019B, 4.000%, 11/01/34
|
11/29 at 100.00
|
BBB–
|
1,582,239
|
2,125
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
12/29 at 100.00
|
BBB
|
2,386,354
|
|
Bonds, Refunding Series 2020A, 4.000%, 6/15/50
|
|
|
|
8,000
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
|
No Opt. Call
|
AA
|
2,750,000
|
|
Bonds, Series 2017B, 0.000%, 12/15/56 – AGM Insured
|
|
|
|
1,000
|
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds,
|
6/21 at 100.00
|
N/R (5)
|
1,004,420
|
|
Series 2010, 6.000%, 6/01/28 (Pre-refunded 6/01/21)
|
|
|
|
190
|
Southwestern Illinois Development Authority, Environmental Improvement Revenue Bonds, US
|
8/22 at 100.00
|
B–
|
196,831
|
|
Steel Corporation Project, Series 2012, 5.750%, 8/01/42 (AMT)
|
|
|
|
71,070
|
Total Illinois
|
|
|
75,931,612
|
|
Indiana – 2.8%
|
|
|
|
2,000
|
Gary Local Public Improvement Bond Bank, Indiana, Economic Development Revenue Bonds,
|
6/30 at 100.00
|
N/R
|
2,106,180
|
|
Drexel Foundation for Educational Excellence Project, Refunding Series 2020A, 5.875%,
|
|
|
|
|
6/01/55, 144A
|
|
|
|
1,500
|
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
|
7/23 at 100.00
|
A–
|
1,634,070
|
|
Project, Series 2013A, 5.000%, 7/01/35 (AMT)
|
|
|
|
4,375
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Community Justice Campus
|
2/29 at 100.00
|
AAA
|
4,893,437
|
|
Bonds, Courthouse & Jail Project, Series 2019A, 3.840%, 2/01/54 (UB) (4)
|
|
|
|
400
|
Valparaiso, Indiana, Exempt Facilities Revenue Bonds, Pratt Paper LLC Project, Series
|
1/24 at 100.00
|
N/R
|
450,180
|
|
2013, 7.000%, 1/01/44 (AMT)
|
|
|
|
2,000
|
Vigo County Hospital Authority, Indiana, Hospital Revenue Bonds, Union Hospital, Inc,
|
9/21 at 100.00
|
N/R (5)
|
2,048,940
|
|
Series 2011, 7.750%, 9/01/31 (Pre-refunded 9/01/21)
|
|
|
|
10,275
|
Total Indiana
|
|
|
11,132,807
|
|
Iowa – 0.3%
|
|
|
|
155
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer
|
12/23 at 100.00
|
BB–
|
169,914
|
|
Company Project, Series 2013, 5.250%, 12/01/25
|
|
|
|
995
|
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer
|
12/22 at 103.00
|
BB–
|
1,081,505
|
|
Company Project, Series 2018A, 5.250%, 12/01/50 (Mandatory Put 12/01/33)
|
|
|
|
1,150
|
Total Iowa
|
|
|
1,251,419
|
|
Kansas – 2.3%
|
|
|
|
3,000
|
Kansas Development Finance Authority, Revenue Bonds, Lifespace Communities, Inc,
|
6/21 at 100.00
|
BBB
|
3,007,890
|
|
Refunding Series 2010S, 5.000%, 5/15/30
|
|
|
|
|
Overland Park Development Corporation, Kansas, Revenue Bonds, Convention Center Hotel,
|
|
|
|
|
Refunding & improvement Series 2019:
|
|
|
|
2,085
|
5.000%, 3/01/44
|
3/29 at 100.00
|
BB–
|
2,152,679
|
640
|
5.000%, 3/01/49
|
3/29 at 100.00
|
BB–
|
659,059
|
3,565
|
Overland Park, Kansas, Sales Tax Special Obligation Revenue Bonds, Prairiefire at
|
12/22 at 100.00
|
N/R
|
2,014,903
|
|
Lionsgate Project, Series 2012, 6.000%, 12/15/32
|
|
|
|
1,130
|
Washburn University of Topeka, Kansas, Revenue Bonds, Series 2015A, 5.000%, 7/01/35
|
7/25 at 100.00
|
A1
|
1,307,975
|
10,420
|
Total Kansas
|
|
|
9,142,506
|
|
Kentucky – 0.8%
|
|
|
|
1,000
|
Hardin County, Kentucky, Hospital Revenue Bonds, Hardin Memorial Hospital Project,
|
8/23 at 100.00
|
AA (5)
|
1,121,260
|
|
Series 2013, 5.700%, 8/01/39 (Pre-refunded 8/01/23) – AGM Insured
|
|
|
|
2,000
|
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky
|
7/25 at 100.00
|
BBB+
|
2,219,480
|
|
Information Highway Project, Senior Series 2015A, 5.000%, 1/01/45
|
|
|
|
3,000
|
Total Kentucky
|
|
|
3,340,740
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Louisiana – 6.2%
|
|
|
|
$ 500
|
Jefferson Parish Economic Development and Port District, Louisiana, Kenner Discovery
|
6/28 at 100.00
|
N/R
|
$ 561,355
|
|
Health Sciences Academy Project, Series 2018A, 5.625%, 6/15/48, 144A
|
|
|
|
2,585
|
Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special Sales Tax Revenue
|
12/29 at 100.00
|
AA
|
3,110,763
|
|
Bonds, Series 2019B, 4.000%, 12/01/38 – AGM Insured
|
|
|
|
2,000
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
2/24 at 100.00
|
A+ (5)
|
2,225,840
|
|
Revenue Bonds, East Baton Rouge Sewerage Commission Projects, Subordinate Lien Series 2014A,
|
|
|
|
|
4.375%, 2/01/39 (Pre-refunded 2/01/24)
|
|
|
|
1,215
|
Louisiana Local Government Environmental Facilities and Community Development Authority,
|
10/25 at 100.00
|
AA
|
1,435,960
|
|
Revenue Bonds, Louisiana Tech University Student Housing & Recreational Facilities/Innovative
|
|
|
|
|
Student Facilities, 5.000%, 10/01/33 – AGM Insured
|
|
|
|
1,500
|
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Ochsner Clinic Foundation
|
5/30 at 100.00
|
A
|
1,731,195
|
|
Project, Series 2020A, 4.000%, 5/15/49
|
|
|
|
1,000
|
Louisiana Public Facilities Authority, Hospital Revenue Bonds, Franciscan Missionaries
|
7/27 at 100.00
|
A
|
1,173,680
|
|
of Our Lady Health System, Series 2017A, 5.000%, 7/01/47
|
|
|
|
1,000
|
Louisiana Public Facilities Authority, Lease Revenue Bonds, Provident Group-Flagship
|
7/26 at 100.00
|
A
|
1,137,890
|
|
Properties LLC – Louisiana State University Nicolson Gateway Project, Series 2016A,
|
|
|
|
|
5.000%, 7/01/56
|
|
|
|
3,305
|
Louisiana Public Facilities Authority, Revenue Bonds, Cleco Power LLC Project, Series
|
5/23 at 100.00
|
A3
|
3,461,558
|
|
2008, 4.250%, 12/01/38
|
|
|
|
2,180
|
Louisiana Public Facilities Authority, Revenue Bonds, Lake Charles Charter Academy
|
12/21 at 100.00
|
N/R
|
2,243,089
|
|
Foundation Project, Series 2011A, 7.750%, 12/15/31
|
|
|
|
985
|
Louisiana Public Facilities Authority, Revenue Bonds, Loyola University Project,
|
10/21 at 100.00
|
N/R (5)
|
1,005,577
|
|
Refunding Series 2011, 5.250%, 10/01/28 (Pre-refunded 10/01/21)
|
|
|
|
|
Louisiana Public Facilities Authority, Revenue Bonds, Loyola University Project,
|
|
|
|
|
Refunding Series 2017:
|
|
|
|
2,835
|
0.000%, 10/01/31 (9)
|
No Opt. Call
|
Baa1
|
2,948,400
|
1,775
|
0.000%, 10/01/36 (9)
|
10/33 at 100.00
|
Baa1
|
1,851,769
|
1,000
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal
|
1/27 at 100.00
|
A2
|
1,178,790
|
|
Project, Series 2017B, 5.000%, 1/01/48 (AMT)
|
|
|
|
330
|
Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation
|
No Opt. Call
|
BBB–
|
337,230
|
|
Project, Refunding Series 2017A-1, 2.000%, 6/01/37 (Mandatory Put 4/01/23)
|
|
|
|
22,210
|
Total Louisiana
|
|
|
24,403,096
|
|
Massachusetts – 0.9%
|
|
|
|
1,800
|
Massachusetts Development Finance Agency, Revenue Bonds, Emmanuel College, Series 2016A,
|
10/26 at 100.00
|
Baa2
|
2,111,652
|
|
5.000%, 10/01/34
|
|
|
|
860
|
Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Issue K,
|
7/22 at 100.00
|
AA
|
902,785
|
|
Series 2013, 5.000%, 7/01/25 (AMT)
|
|
|
|
625
|
Massachusetts Educational Financing Authority, Student Loan Revenue Bonds, Issue I
|
5/21 at 100.00
|
AA
|
626,581
|
|
Series 2010A, 5.500%, 1/01/22
|
|
|
|
3,285
|
Total Massachusetts
|
|
|
3,641,018
|
|
Michigan – 0.0%
|
|
|
|
10
|
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2003A, 5.000%,
|
6/21 at 100.00
|
A1
|
10,035
|
|
7/01/34 – NPFG Insured
|
|
|
|
|
Missouri – 0.3%
|
|
|
|
960
|
Branson Industrial Development Authority, Missouri, Tax Increment Revenue Bonds, Branson
|
11/25 at 100.00
|
N/R
|
980,237
|
|
Shoppes Redevelopment Project, Refunding Series 2017A, 3.900%, 11/01/29
|
|
|
|
55
|
Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities
|
3/27 at 100.00
|
BBB–
|
61,929
|
|
Revenue Bonds, Southeasthealth, Series 2017A, 5.000%, 3/01/36
|
|
|
|
1,015
|
Total Missouri
|
|
|
1,042,166
|
NEV
|
Nuveen Enhanced Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Montana – 0.8%
|
|
|
|
|
Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell
|
|
|
|
|
Regional Medical Center, Series 2018B:
|
|
|
|
$ 1,255
|
5.000%, 7/01/29
|
7/28 at 100.00
|
BBB
|
$ 1,518,864
|
1,235
|
5.000%, 7/01/30
|
7/28 at 100.00
|
BBB
|
1,482,778
|
2,490
|
Total Montana
|
|
|
3,001,642
|
|
New Jersey – 14.0%
|
|
|
|
2,500
|
New Jersey Economic Development Authority, Lease Revenue Bonds, State Government
|
12/27 at 100.00
|
Baa1
|
3,000,850
|
|
Buildings-Health Department & Taxation Division Office Project, Series 2018A, 5.000%, 6/15/42
|
|
|
|
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
|
|
|
|
|
2015WW:
|
|
|
|
40
|
5.250%, 6/15/40 (Pre-refunded 6/15/25) (UB) (4)
|
6/25 at 100.00
|
N/R (5)
|
48,016
|
755
|
5.250%, 6/15/40 (UB) (4)
|
6/25 at 100.00
|
Baa1
|
867,306
|
2,175
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
|
6/27 at 100.00
|
Baa1
|
2,579,528
|
|
2017DDD, 5.000%, 6/15/42
|
|
|
|
|
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental
|
|
|
|
|
Airlines Inc, Series 1999:
|
|
|
|
775
|
5.125%, 9/15/23 (AMT)
|
8/22 at 101.00
|
Ba3
|
822,236
|
1,650
|
5.250%, 9/15/29 (AMT)
|
8/22 at 101.00
|
Ba3
|
1,751,426
|
2,155
|
New Jersey Economic Development Authority, Special Facility Revenue Bonds, Port Newark
|
10/27 at 100.00
|
Baa3
|
2,523,613
|
|
Container Terminal LLC Project, Refunding Series 2017, 5.000%, 10/01/37 (AMT)
|
|
|
|
9,640
|
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Valley Health
|
7/29 at 100.00
|
A+
|
10,236,716
|
|
System Obligated Group, Series 2019, 3.000%, 7/01/49 (UB) (4)
|
|
|
|
20,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding
|
No Opt. Call
|
Baa1
|
13,855,400
|
|
Series 2006C, 0.000%, 12/15/36 – AMBAC Insured (UB) (4)
|
|
|
|
15,000
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series
|
12/28 at 100.00
|
Baa1
|
18,646,200
|
|
2018A, 5.000%, 12/15/34 (UB) (4)
|
|
|
|
755
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
|
6/28 at 100.00
|
BB+
|
884,694
|
|
Bonds, Series 2018B, 5.000%, 6/01/46
|
|
|
|
55,445
|
Total New Jersey
|
|
|
55,215,985
|
|
New York – 9.7%
|
|
|
|
510
|
Build NYC Resource Corporation, New York, Revenue Bonds, Albert Einstein College of
|
9/25 at 100.00
|
N/R
|
565,697
|
|
Medicine, Inc, Series 2015, 5.500%, 9/01/45, 144A
|
|
|
|
350
|
Jefferson County Civic Facility Development Corporation, New York, Revenue Bonds,
|
11/27 at 100.00
|
BBB–
|
371,931
|
|
Samaritan Medical Center Project, Series 2017A, 4.000%, 11/01/42
|
|
|
|
1,500
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond
|
No Opt. Call
|
N/R
|
1,572,960
|
|
Anticipation Note Series 2019B-1, 5.000%, 5/15/22
|
|
|
|
1,000
|
Monroe County Industrial Development Corporation, New York, Revenue Bonds, St John
|
6/21 at 100.00
|
A–
|
1,003,230
|
|
Fisher College, Series 2011, 6.000%, 6/01/34
|
|
|
|
2,855
|
New York City, New York, General Obligation Bonds, Fiscal 2021 Series C, 4.000%, 8/01/37
|
8/30 at 100.00
|
AA
|
3,392,854
|
500
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
|
11/24 at 100.00
|
N/R
|
558,860
|
|
Center Project, Class 2 Series 2014, 5.150%, 11/15/34, 144A
|
|
|
|
15,000
|
New York State Urban Development Corporation, State Sales Tax Revenue Bonds, Series
|
9/29 at 100.00
|
AA+
|
15,732,450
|
|
2019A, 3.000%, 3/15/49 (UB) (4)
|
|
|
|
|
New York Transportation Development Corporation, New York, Special Facilities Bonds,
|
|
|
|
|
LaGuardia Airport Terminal B Redevelopment Project, Series 2016A:
|
|
|
|
4,000
|
4.000%, 7/01/33 (AMT)
|
7/24 at 100.00
|
BBB
|
4,356,120
|
2,105
|
5.000%, 7/01/46 (AMT)
|
7/24 at 100.00
|
BBB
|
2,371,977
|
1,100
|
New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta
|
1/28 at 100.00
|
Baa3
|
1,338,194
|
|
Air Lines, Inc – LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018, 5.000%,
|
|
|
|
|
1/01/33 (AMT)
|
|
|
|
4,115
|
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred
|
7/30 at 100.00
|
Aa3
|
4,690,935
|
|
Twenty-One Series 2020, 4.000%, 7/15/50 (AMT) (UB) (4)
|
|
|
|
2,150
|
TSASC Inc, New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/48
|
6/27 at 100.00
|
N/R
|
2,333,632
|
35,185
|
Total New York
|
|
|
38,288,840
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
North Carolina – 0.5%
|
|
|
|
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien
|
|
|
|
|
Series 2019:
|
|
|
|
$ 875
|
4.000%, 1/01/55 – AGM Insured
|
1/30 at 100.00
|
AA
|
$ 996,485
|
1,000
|
4.000%, 1/01/55
|
1/30 at 100.00
|
Aa1
|
1,128,750
|
1,875
|
Total North Carolina
|
|
|
2,125,235
|
|
Ohio – 6.9%
|
|
|
|
8,375
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/30 at 22.36
|
N/R
|
1,307,337
|
|
Revenue Bonds, Refunding Senior Lien Capital Appreciation Series 2020B-3 Class 2,
|
|
|
|
|
0.000%, 6/01/57
|
|
|
|
5,480
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/30 at 100.00
|
BBB+
|
5,633,714
|
|
Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1, 3.000%, 6/01/48
|
|
|
|
3,235
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed
|
6/30 at 100.00
|
N/R
|
3,636,690
|
|
Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55
|
|
|
|
310
|
Franklin County Convention Facilities Authority, Ohio, Hotel Project Revenue Bonds,
|
12/29 at 100.00
|
BBB–
|
359,693
|
|
Greater Columbus Convention Center Hotel Expansion Project, Series 2019, 5.000%, 12/01/51
|
|
|
|
10,000
|
Franklin County, Ohio, Hospital Facilities Revenue Bonds, OhioHealth Corporation, Series
|
5/25 at 100.00
|
AA+
|
11,586,600
|
|
2015, 5.000%, 5/15/40 (UB) (4)
|
|
|
|
3,000
|
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series
|
11/21 at 100.00
|
BBB (5)
|
3,090,180
|
|
2011A, 5.750%, 11/15/31 (Pre-refunded 11/15/21)
|
|
|
|
295
|
Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds,
|
No Opt. Call
|
N/R
|
299,555
|
|
FirstEnergy Generation Corporation Project, Refunding Series 2009D, 4.250%, 8/01/29
|
|
|
|
|
(Mandatory Put 9/15/21)
|
|
|
|
6,000
|
Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds,
|
No Opt. Call
|
N/R
|
7,500
|
|
FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (8)
|
|
|
|
860
|
Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds,
|
No Opt. Call
|
N/R
|
885,370
|
|
FirstEnergy Nuclear Generation Project, Refunding Series 2009A, 4.375%, 6/01/33 (Mandatory
|
|
|
|
|
Put 6/01/22)
|
|
|
|
375
|
Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy
|
No Opt. Call
|
N/R
|
386,063
|
|
Nuclear Generating Corporation Project, Series 2009A, 4.375%, 6/01/33 (Mandatory Put 6/01/22)
|
|
|
|
60
|
Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy
|
No Opt. Call
|
N/R
|
61,770
|
|
Nuclear Generating Corporation Project, Series 2010B, 4.375%, 6/01/33 (Mandatory Put 6/01/22)
|
|
|
|
37,990
|
Total Ohio
|
|
|
27,254,472
|
|
Oklahoma – 2.1%
|
|
|
|
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine
|
|
|
|
|
Project, Series 2018B:
|
|
|
|
440
|
5.000%, 8/15/38
|
8/28 at 100.00
|
Baa3
|
530,103
|
5,000
|
5.500%, 8/15/52
|
8/28 at 100.00
|
Baa3
|
6,140,500
|
1,500
|
Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc, Refunding
|
6/25 at 100.00
|
B–
|
1,677,030
|
|
Series 2015, 5.000%, 6/01/35 (AMT) (Mandatory Put 6/01/25)
|
|
|
|
6,940
|
Total Oklahoma
|
|
|
8,347,633
|
|
Pennsylvania – 7.3%
|
|
|
|
1,500
|
Allegheny Country Industrial Development Authority, Pennsylvania, Environmental
|
12/21 at 100.00
|
B–
|
1,539,570
|
|
Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2011,
|
|
|
|
|
6.550%, 12/01/27
|
|
|
|
1,050
|
Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue
|
No Opt. Call
|
N/R
|
1,081,206
|
|
Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 4.375%, 1/01/35
|
|
|
|
|
(Mandatory Put 7/01/22)
|
|
|
|
2,000
|
Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue
|
No Opt. Call
|
N/R
|
2,500
|
|
Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (8)
|
|
|
|
1,000
|
Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue
|
4/31 at 100.00
|
N/R
|
1,051,020
|
|
Refunding Bonds, FirstEnergy Generation Project, Series 2008B, 3.750%, 10/01/47 (Mandatory
|
|
|
|
|
Put 4/01/21)
|
|
|
|
NEV
|
Nuveen Enhanced Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Pennsylvania (continued)
|
|
|
|
|
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master
|
|
|
|
|
Settlement, Series 2018:
|
|
|
|
$ 4,000
|
5.000%, 6/01/32 (UB) (4)
|
6/28 at 100.00
|
A1
|
$ 4,948,800
|
2,260
|
5.000%, 6/01/33 (UB) (4)
|
6/28 at 100.00
|
A1
|
2,784,184
|
1,275
|
5.000%, 6/01/34 (UB) (4)
|
6/28 at 100.00
|
A1
|
1,565,573
|
1,975
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of
|
8/29 at 100.00
|
AA
|
2,296,333
|
|
Pennsylvania Health System, Series 2019, 4.000%, 8/15/49
|
|
|
|
130
|
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University
|
7/26 at 100.00
|
Baa3
|
144,236
|
|
Properties Inc Student Housing Project at East Stroudsburg University of Pennsylvania, Series
|
|
|
|
|
2016A, 5.000%, 7/01/31
|
|
|
|
1,000
|
Pennsylvania Public School Building Authority, Lease Revenue Bonds, School District of
|
No Opt. Call
|
AA
|
1,226,040
|
|
Philadelphia, Series 2006B, 5.000%, 6/01/27 – AGM Insured
|
|
|
|
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation
|
|
|
|
|
Series 2009E:
|
|
|
|
3,530
|
6.000%, 12/01/30
|
12/27 at 100.00
|
A
|
4,632,560
|
2,000
|
6.375%, 12/01/38
|
12/27 at 100.00
|
A
|
2,657,360
|
4,000
|
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds,
|
5/27 at 100.00
|
Baa1
|
4,615,760
|
|
University of the Sciences in Philadelphia, Series 2017, 5.000%, 11/01/47 (UB) (4)
|
|
|
|
25,720
|
Total Pennsylvania
|
|
|
28,545,142
|
|
Puerto Rico – 3.2%
|
|
|
|
75,000
|
Children’s Trust Fund, Puerto Rico, Tobacco Settlement Asset-Backed Bonds, Series 2008A,
|
6/21 at 6.78
|
N/R
|
4,759,500
|
|
0.000%, 5/15/57
|
|
|
|
1,000
|
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A,
|
7/22 at 100.00
|
CCC
|
1,064,300
|
|
5.750%, 7/01/37
|
|
|
|
|
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N:
|
|
|
|
1,000
|
2.796%, 7/01/27
|
No Opt. Call
|
C
|
958,490
|
1,000
|
5.250%, 7/01/36 – AGC Insured
|
No Opt. Call
|
AA
|
1,231,120
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:
|
|
|
|
565
|
0.000%, 7/01/51
|
7/28 at 30.01
|
N/R
|
129,939
|
2,000
|
4.750%, 7/01/53
|
7/28 at 100.00
|
N/R
|
2,224,800
|
2,000
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable
|
7/28 at 100.00
|
N/R
|
2,191,160
|
|
Restructured Cofina Project Series 2019A-2, 4.329%, 7/01/40
|
|
|
|
82,565
|
Total Puerto Rico
|
|
|
12,559,309
|
|
South Carolina – 2.3%
|
|
|
|
7,500
|
South Carolina Public Service Authority Santee Cooper Revenue Obligations, Refunding
|
12/26 at 100.00
|
A
|
9,027,075
|
|
Series 2016B, 5.000%, 12/01/46 (UB) (4)
|
|
|
|
|
Tennessee – 0.3%
|
|
|
|
1,000
|
Bristol Industrial Development Board, Tennessee, State Sales Tax Revenue Bonds, Pinnacle
|
12/26 at 100.00
|
N/R
|
995,430
|
|
Project, Series 2016A, 5.125%, 12/01/42, 144A
|
|
|
|
155
|
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C,
|
No Opt. Call
|
A
|
173,256
|
|
5.000%, 2/01/24
|
|
|
|
1,155
|
Total Tennessee
|
|
|
1,168,686
|
|
Texas – 3.4%
|
|
|
|
80
|
Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds,
|
6/21 at 100.00
|
BB
|
80,263
|
|
Leadership Prep School, Series 2016A, 5.000%, 6/15/46
|
|
|
|
2,545
|
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series
|
11/30 at 100.00
|
A1
|
3,109,201
|
|
2020A, 4.000%, 11/01/35
|
|
|
|
150
|
Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy
|
11/22 at 100.00
|
Baa2
|
157,842
|
|
Inc Project, Series 2012B, 4.750%, 11/01/42
|
|
|
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Texas (continued)
|
|
|
|
$ 825
|
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing
|
7/25 at 100.00
|
Caa1
|
$ 709,500
|
|
Revenue Bonds, NCCD – College Station Properties LLC – Texas A&M University Project, Series
|
|
|
|
|
2015A, 5.000%, 7/01/47
|
|
|
|
1,800
|
North Texas Tollway Authority, Special Projects System Revenue Bonds, Tender Option Bond
|
9/21 at 100.00
|
N/R (5)
|
1,956,960
|
|
Trust 2016-XF2220, 24.521%, 9/01/41 (Pre-refunded 9/01/21), 144A (IF)
|
|
|
|
1,000
|
Red River Health Facilities Development Corporation, Texas, First Mortgage Revenue
|
12/21 at 100.00
|
N/R
|
662,500
|
|
Bonds, Eden Home Inc, Series 2012, 7.250%, 12/15/47 (8)
|
|
|
|
1,675
|
Texas Department of Housing and Community Affairs, Single Family Mortgage Revenue Bonds,
|
9/27 at 100.00
|
Aaa
|
1,831,713
|
|
Series 2018A, 4.250%, 9/01/48
|
|
|
|
|
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue
|
|
|
|
|
Bonds, Blueridge Transportation Group, LLC SH 288 Toll Lanes Project, Series 2016:
|
|
|
|
3,600
|
5.000%, 12/31/50 (AMT)
|
12/25 at 100.00
|
Baa3
|
4,056,228
|
805
|
5.000%, 12/31/55 (AMT)
|
12/25 at 100.00
|
Baa3
|
905,480
|
12,480
|
Total Texas
|
|
|
13,469,687
|
|
Virginia – 1.8%
|
|
|
|
2,000
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed
|
5/21 at 100.00
|
B–
|
2,011,100
|
|
Bonds, Series 2007B1, 5.000%, 6/01/47
|
|
|
|
2,500
|
Virginia Housing Development Authority, Rental Housing Bonds, Series 2018E, 4.150%,
|
12/27 at 100.00
|
AA+
|
2,773,600
|
|
12/01/49 (4)
|
|
|
|
1,155
|
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform
|
6/27 at 100.00
|
BBB
|
1,377,580
|
|
66 P3 Project, Senior Lien Series 2017, 5.000%, 12/31/56 (AMT)
|
|
|
|
1,010
|
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
|
7/22 at 100.00
|
BBB
|
1,063,641
|
|
Crossing, Opco LLC Project, Series 2012, 5.500%, 1/01/42 (AMT)
|
|
|
|
6,665
|
Total Virginia
|
|
|
7,225,921
|
|
Washington – 2.5%
|
|
|
|
5,000
|
Port of Seattle, Washington, Revenue Bonds, Refunding First Lien Series 2016B, 5.000%,
|
4/26 at 100.00
|
Aa2
|
5,944,150
|
|
10/01/31 (AMT) (UB) (4)
|
|
|
|
3,155
|
Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley
|
12/26 at 100.00
|
Baa2
|
3,756,154
|
|
Hospital, Refunding & Improvement Series 2016, 5.000%, 12/01/27
|
|
|
|
135
|
Tacoma Consolidated Local Improvement District 65, Washington, Special Assessment Bonds,
|
5/21 at 100.00
|
N/R
|
136,348
|
|
Series 2013, 5.750%, 4/01/43
|
|
|
|
8,290
|
Total Washington
|
|
|
9,836,652
|
|
Wisconsin – 8.5%
|
|
|
|
25
|
Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Corvian Community
|
6/24 at 100.00
|
N/R
|
26,187
|
|
School, North Carolina, Series 2017A, 5.000%, 6/15/37, 144A
|
|
|
|
170
|
Public Finance Authority of Wisconsin, Charter School Revenue Bonds, North Carolina
|
6/26 at 100.00
|
N/R
|
176,747
|
|
Charter Educational Foundation Project, Series 2016A, 5.000%, 6/15/36, 144A
|
|
|
|
NEV
|
Nuveen Enhanced Municipal Value Fund
Portfolio of Investments (continued) April 30, 2021 (Unaudited)
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Wisconsin (continued)
|
|
|
|
|
Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds,
|
|
|
|
|
Lombard Public Facilities Corporation, Second Tier Series 2018B:
|
|
|
|
$ 69
|
0.000%, 1/01/46, 144A (8)
|
No Opt. Call
|
N/R
|
$ 2,133
|
68
|
0.000%, 1/01/47, 144A (8)
|
No Opt. Call
|
N/R
|
2,025
|
68
|
0.000%, 1/01/48, 144A (8)
|
No Opt. Call
|
N/R
|
1,981
|
68
|
0.000%, 1/01/49, 144A (8)
|
No Opt. Call
|
N/R
|
1,927
|
67
|
0.000%, 1/01/50, 144A (8)
|
No Opt. Call
|
N/R
|
1,828
|
73
|
0.000%, 1/01/51, 144A (8)
|
No Opt. Call
|
N/R
|
1,969
|
1,874
|
3.750%, 7/01/51, 144A (8)
|
3/28 at 100.00
|
N/R
|
1,290,560
|
72
|
0.000%, 1/01/52, 144A (8)
|
No Opt. Call
|
N/R
|
1,883
|
71
|
0.000%, 1/01/53, 144A (8)
|
No Opt. Call
|
N/R
|
1,826
|
71
|
0.000%, 1/01/54, 144A (8)
|
No Opt. Call
|
N/R
|
1,766
|
70
|
0.000%, 1/01/55, 144A (8)
|
No Opt. Call
|
N/R
|
1,706
|
69
|
0.000%, 1/01/56, 144A (8)
|
No Opt. Call
|
N/R
|
1,657
|
68
|
0.000%, 1/01/57, 144A (8)
|
No Opt. Call
|
N/R
|
1,602
|
67
|
0.000%, 1/01/58, 144A (8)
|
No Opt. Call
|
N/R
|
1,546
|
67
|
0.000%, 1/01/59, 144A (8)
|
No Opt. Call
|
N/R
|
1,508
|
67
|
0.000%, 1/01/60, 144A (8)
|
No Opt. Call
|
N/R
|
1,451
|
66
|
0.000%, 1/01/61, 144A (8)
|
No Opt. Call
|
N/R
|
1,392
|
65
|
0.000%, 1/01/62, 144A (8)
|
No Opt. Call
|
N/R
|
1,350
|
64
|
0.000%, 1/01/63, 144A (8)
|
No Opt. Call
|
N/R
|
1,303
|
64
|
0.000%, 1/01/64, 144A (8)
|
No Opt. Call
|
N/R
|
1,272
|
63
|
0.000%, 1/01/65, 144A (8)
|
No Opt. Call
|
N/R
|
1,223
|
62
|
0.000%, 1/01/66, 144A (8)
|
No Opt. Call
|
N/R
|
1,148
|
808
|
0.000%, 1/01/67, 144A (8)
|
No Opt. Call
|
N/R
|
13,917
|
1,690
|
Public Finance Authority of Wisconsin, Limited Obligation Grant Revenue Bonds, American
|
No Opt. Call
|
N/R
|
1,837,740
|
|
Dream @ Meadowlands Project, Series 2017A, 6.250%, 8/01/27, 144A
|
|
|
|
1,350
|
Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American
|
12/27 at 100.00
|
N/R
|
1,559,277
|
|
Dream @ Meadowlands Project, Series 2017, 7.000%, 12/01/50, 144A
|
|
|
|
160
|
Public Finance Authority of Wisconsin, Revenue Bonds, Prime Healthcare Foundation, Inc,
|
12/27 at 100.00
|
BBB–
|
182,376
|
|
Series 2017A, 5.200%, 12/01/37
|
|
|
|
2,905
|
Public Finance Authority of Wisconsin, Student Housing Revenue Bonds, Collegiate Housing
|
7/25 at 100.00
|
BBB–
|
3,194,861
|
|
Foundation – Cullowhee LLC – Western California University Project, Series 2015A,
|
|
|
|
|
5.000%, 7/01/35
|
|
|
|
1,000
|
Wisconsin Center District, Dedicated Tax Revenue Bonds, Refunding Senior Series 2003A,
|
No Opt. Call
|
AA
|
815,870
|
|
0.000%, 12/15/31
|
|
|
|
1,290
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert
|
10/22 at 100.00
|
AA
|
1,488,273
|
|
Community Health, Inc Obligated Group, Tender Option Bond Trust 2015-XF0118, 16.999%,
|
|
|
|
|
4/01/42, 144A (IF) (4)
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds,
|
|
|
|
|
Ascension Health Alliance Senior Credit Group, Series 2016A:
|
|
|
|
10,000
|
5.000%, 11/15/35 (UB) (4)
|
5/26 at 100.00
|
AA+
|
12,012,700
|
5,000
|
5.000%, 11/15/36 (UB) (4)
|
5/26 at 100.00
|
AA+
|
5,994,800
|
3,000
|
5.000%, 11/15/39 (UB) (4)
|
5/26 at 100.00
|
AA+
|
3,581,550
|
25
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Monroe
|
8/25 at 100.00
|
N/R (5)
|
29,747
|
|
Clinic Inc, Refunding Series 2016, 5.000%, 2/15/28 (Pre-refunded 8/15/25)
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Three
|
|
|
|
|
Pillars Senior Living Communities, Refunding Series 2013:
|
|
|
|
85
|
5.000%, 8/15/43 (Pre-refunded 8/15/23)
|
8/23 at 100.00
|
A (5)
|
94,340
|
1,005
|
5.000%, 8/15/43 (Pre-refunded 8/15/23)
|
8/23 at 100.00
|
BBB+ (5)
|
1,115,429
|
31,806
|
Total Wisconsin
|
|
|
33,448,870
|
Principal
|
|
Optional Call
|
|
|
Amount (000)
|
Description (1)
|
Provisions (2)
|
Ratings (3)
|
Value
|
|
Wyoming – 0.6%
|
|
|
|
|
Wyoming Community Development Authority, Student Housing Revenue Bonds, CHF-Wyoming,
|
|
|
|
|
LLC – University of Wyoming Project, Series 2011:
|
|
|
|
$ 710
|
6.250%, 7/01/31
|
7/21 at 100.00
|
BBB
|
$ 714,714
|
1,600
|
6.500%, 7/01/43
|
7/21 at 100.00
|
BBB
|
1,610,089
|
2,310
|
Total Wyoming
|
|
|
2,324,803
|
$ 578,778
|
Total Municipal Bonds (cost $466,140,796)
|
|
|
510,386,158
|
Shares
|
Description (1)
|
|
|
Value
|
|
COMMON STOCKS – 1.9%
|
|
|
|
|
Electric Utilities – 1.9%
|
|
|
|
258,655
|
Energy Harbor Corp (10), (11), (12)
|
|
|
$ 7,452,626
|
|
Total Common Stocks (cost $7,346,611)
|
|
|
7,452,626
|
|
Total Long-Term Investments (cost $473,487,407)
|
|
|
517,838,784
|
|
Floating Rate Obligations – (33.6)%
|
|
|
(132,467,000)
|
|
Other Assets Less Liabilities – 2.1%
|
|
|
8,321,487
|
|
Net Assets Applicable to Common Shares – 100%
|
|
|
$ 393,693,271
|
(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)
|
For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch,
|
|
Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard
|
|
& Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.
|
(4)
|
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.
|
(5)
|
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.
|
(6)
|
Variable rate security. The rate shown is the coupon as of the end of the reporting period.
|
(7)
|
Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment
|
|
classified as Level 3. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information.
|
(8)
|
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.
|
(9)
|
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.
|
(10)
|
Common Stock received as part of the bankruptcy settlements during February 2020 for Beaver County Industrial Development Authority, Pennsylvania, Pollution Control
|
|
Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35; and Ohio Air Quality Development Authority, Ohio, Pollution Control
|
|
Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 0.000%, 12/01/23.
|
(11)
|
For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information.
|
(12)
|
Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.
|
144A
|
Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those
transactions with qualified institutional buyers.
|
AMT
|
Alternative Minimum Tax.
|
IF
|
Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association
|
|
(SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.
|
LIBOR
|
London Inter-Bank Offered Rate.
|
UB
|
Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 4 – Portfolio Securities and Investments in
|
|
Derivatives for more information.
|
|
See accompanying notes to financial statements.
|
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||||
Assets
|
||||||||||||||||
Long-term investments, at value (cost $1,948,432,760, $270,028,563,
|
||||||||||||||||
$96,034,221 and $473,487,407, respectively)
|
$
|
2,220,710,890
|
$
|
311,430,289
|
$
|
104,834,335
|
$
|
517,838,784
|
||||||||
Short-term investments, at value (cost approximates value)
|
—
|
450,000
|
—
|
—
|
||||||||||||
Cash
|
—
|
2,757,219
|
660,876
|
2,452,449
|
||||||||||||
Cash Collateral at brokers for investments in futures(1)
|
—
|
364,994
|
—
|
—
|
||||||||||||
Receivable for:
|
||||||||||||||||
Interest
|
23,437,313
|
3,089,658
|
1,232,870
|
8,227,723
|
||||||||||||
Investments sold
|
28,788,293
|
3,181,163
|
1,035,000
|
195,000
|
||||||||||||
Shares sold
|
—
|
—
|
19,521
|
—
|
||||||||||||
Deferred offering costs
|
—
|
—
|
160,516
|
—
|
||||||||||||
Other assets
|
449,355
|
408
|
4
|
30,302
|
||||||||||||
Total assets
|
2,273,385,851
|
321,273,731
|
107,943,122
|
528,744,258
|
||||||||||||
Liabilities
|
||||||||||||||||
Cash overdraft
|
2,192,645
|
—
|
—
|
—
|
||||||||||||
Floating rate obligations
|
29,705,000
|
3,230,000
|
—
|
132,467,000
|
||||||||||||
Payable for:
|
||||||||||||||||
Dividends
|
5,869,237
|
680,841
|
290,414
|
1,513,843
|
||||||||||||
Interest
|
42,505
|
3,559
|
—
|
641,834
|
||||||||||||
Investments purchased - regular settlement
|
—
|
2,169,400
|
—
|
—
|
||||||||||||
Investments purchased - when-issued/delayed-delivery settlement
|
12,777,366
|
1,455,777
|
—
|
—
|
||||||||||||
Variation margin on futures contracts
|
—
|
11,063
|
—
|
—
|
||||||||||||
Accrued expenses:
|
||||||||||||||||
Management fees
|
772,938
|
141,936
|
52,917
|
282,705
|
||||||||||||
Directors/Trustees fees
|
471,591
|
4,935
|
1,512
|
35,146
|
||||||||||||
Shelf offering costs
|
—
|
—
|
124,015
|
—
|
||||||||||||
Other
|
545,950
|
275,122
|
63,587
|
110,459
|
||||||||||||
Total liabilities
|
52,377,232
|
7,972,633
|
532,445
|
135,050,987
|
||||||||||||
Commitments and contingencies (Note 8)
|
||||||||||||||||
Net Assets applicable to common shares
|
$
|
2,221,008,619
|
$
|
313,301,098
|
$
|
107,410,677
|
$
|
393,693,271
|
||||||||
Common shares outstanding
|
207,304,760
|
17,951,336
|
9,459,044
|
24,956,400
|
||||||||||||
Net asset value (“NAV”) per common share outstanding
|
$
|
10.71
|
$
|
17.45
|
$
|
11.36
|
$
|
15.78
|
||||||||
Net assets applicable to common shares consist of:
|
||||||||||||||||
Common shares, $0.01 par value per share
|
$
|
2,073,048
|
$
|
179,513
|
$
|
94,590
|
$
|
249,564
|
||||||||
Paid-in-surplus
|
1,960,957,922
|
268,863,870
|
98,524,746
|
347,191,386
|
||||||||||||
Total distributable earnings
|
257,977,649
|
44,257,715
|
8,791,341
|
46,252,321
|
||||||||||||
Net assets applicable to common shares
|
$
|
2,221,008,619
|
$
|
313,301,098
|
$
|
107,410,677
|
$
|
393,693,271
|
||||||||
Authorized common shares
|
350,000,000
|
Unlimited
|
200,000,000
|
Unlimited
|
(1) Cash pledged to collateralize the net payment obligations for investments in derivatives.
|
|
|
|
|
|
|
||
Six Months Ended April 30, 2021 (Unaudited)
|
|
|
|
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||||
Investment Income
|
$
|
42,503,564
|
$
|
4,741,786
|
$
|
2,206,451
|
$
|
11,124,994
|
||||||||
Expenses
|
||||||||||||||||
Management fees
|
4,706,559
|
769,976
|
315,111
|
1,685,103
|
||||||||||||
Interest expense
|
78,115
|
9,678
|
—
|
444,023
|
||||||||||||
Custodian fees
|
93,963
|
22,484
|
14,423
|
29,742
|
||||||||||||
Directors/Trustees fees
|
30,722
|
4,326
|
1,455
|
5,666
|
||||||||||||
Professional fees
|
73,231
|
27,183
|
19,118
|
30,362
|
||||||||||||
Shareholder reporting expenses
|
116,387
|
16,364
|
11,950
|
24,529
|
||||||||||||
Shareholder servicing agent fees
|
140,612
|
106
|
3,349
|
103
|
||||||||||||
Stock exchange listing fees
|
27,880
|
3,489
|
3,527
|
3,350
|
||||||||||||
Investor relations expenses
|
38,067
|
4,724
|
1,609
|
6,715
|
||||||||||||
Other
|
32,869
|
7,166
|
31,012
|
11,526
|
||||||||||||
Total expenses
|
5,338,405
|
865,496
|
401,554
|
2,241,119
|
||||||||||||
Net investment income (loss)
|
37,165,159
|
3,876,290
|
1,804,897
|
8,883,875
|
||||||||||||
Realized and Unrealized Gain (Loss)
|
||||||||||||||||
Net realized gain (loss) from:
|
||||||||||||||||
Investments
|
2,151,271
|
1,577,588
|
158,068
|
250,443
|
||||||||||||
Futures contracts
|
—
|
762,147
|
—
|
—
|
||||||||||||
Change in net unrealized appreciation (depreciation) of:
|
||||||||||||||||
Investments
|
46,680,830
|
7,753,969
|
2,393,069
|
24,019,219
|
||||||||||||
Futures contracts
|
—
|
356,981
|
—
|
—
|
||||||||||||
Net realized and unrealized gain (loss)
|
48,832,101
|
10,450,685
|
2,551,137
|
24,269,662
|
||||||||||||
Net increase (decrease) in net assets applicable to common shares
|
||||||||||||||||
from operations
|
$
|
85,997,260
|
$
|
14,326,975
|
$
|
4,356,034
|
$
|
33,153,537
|
|
NUV
|
NUW
|
||||||||||||||
Six Months
|
Six Months
|
|||||||||||||||
|
Ended
|
Ended
|
||||||||||||||
|
4/30/21
|
Year Ended
|
4/30/21
|
Year Ended
|
||||||||||||
|
(Unaudited)
|
10/31/20
|
(Unaudited)
|
10/31/20
|
||||||||||||
Operations
|
||||||||||||||||
Net investment income (loss)
|
$
|
37,165,159
|
$
|
76,473,628
|
$
|
3,876,290
|
$
|
7,243,940
|
||||||||
Net realized gain (loss) from:
|
||||||||||||||||
Investments
|
2,151,271
|
(1,093,806
|
)
|
1,577,588
|
2,179,755
|
|||||||||||
Futures contracts
|
—
|
—
|
762,147
|
(2,192,608
|
)
|
|||||||||||
Change in net unrealized appreciation (depreciation) of:
|
||||||||||||||||
Investments
|
46,680,830
|
(16,333,725
|
)
|
7,753,969
|
(1,153,043
|
)
|
||||||||||
Futures contracts
|
—
|
—
|
356,981
|
(91,878
|
)
|
|||||||||||
Net increase (decrease) in net assets applicable to common shares
|
||||||||||||||||
from operations
|
85,997,260
|
59,046,097
|
14,326,975
|
5,986,166
|
||||||||||||
Distributions to Common Shareholders
|
||||||||||||||||
Dividends
|
(38,541,019
|
)
|
(76,995,152
|
)
|
(3,813,894
|
)
|
(7,385,655
|
)
|
||||||||
Decrease in net assets applicable to common shares from
|
||||||||||||||||
distributions to common shareholders
|
(38,541,019
|
)
|
(76,995,152
|
)
|
(3,813,894
|
)
|
(7,385,655
|
)
|
||||||||
Capital Share Transactions
|
||||||||||||||||
Proceeds from shelf offering, net of offering costs
|
—
|
—
|
—
|
—
|
||||||||||||
Net proceeds from common shares issued to common shareholders
|
||||||||||||||||
due to reinvestment of distributions
|
2,448,445
|
2,130,085
|
—
|
—
|
||||||||||||
Issued in the Reorganizations
|
—
|
—
|
41,997,759
|
—
|
||||||||||||
Net increase (decrease) in net assets applicable to common shares
|
||||||||||||||||
from capital share transactions
|
2,448,445
|
2,130,085
|
—
|
—
|
||||||||||||
Net increase (decrease) in net assets applicable to common shares
|
49,904,686
|
(15,818,970
|
)
|
52,510,840
|
(1,399,489
|
)
|
||||||||||
Net assets applicable to common shares at the beginning of period
|
2,171,103,933
|
2,186,922,903
|
260,790,258
|
262,189,747
|
||||||||||||
Net assets applicable to common shares at the end of period
|
$
|
2,221,008,619
|
$
|
2,171,103,933
|
$
|
313,301,098
|
$
|
260,790,258
|
|
NMI
|
NEV
|
||||||||||||||
|
Six Months
|
Six Months
|
||||||||||||||
|
Ended
|
Ended
|
||||||||||||||
|
4/30/21
|
Year Ended
|
4/30/21
|
Year Ended
|
||||||||||||
|
(Unaudited)
|
10/31/20
|
(Unaudited)
|
10/31/20
|
||||||||||||
Operations
|
||||||||||||||||
Net investment income (loss)
|
$
|
1,804,897
|
$
|
3,723,206
|
$
|
8,883,875
|
$
|
17,790,959
|
||||||||
Net realized gain (loss) from:
|
||||||||||||||||
Investments
|
158,068
|
(213,294
|
)
|
250,443
|
10,934,726
|
|||||||||||
Futures contracts
|
—
|
—
|
—
|
—
|
||||||||||||
Change in net unrealized appreciation (depreciation) of:
|
||||||||||||||||
Investments
|
2,393,069
|
(1,760,846
|
)
|
24,019,219
|
(15,684,046
|
)
|
||||||||||
Futures contracts
|
—
|
—
|
—
|
—
|
||||||||||||
Net increase (decrease) in net assets applicable to common shares
|
||||||||||||||||
from operations
|
4,356,034
|
1,749,066
|
33,153,537
|
13,041,639
|
||||||||||||
Distributions to Common Shareholders
|
||||||||||||||||
Dividends
|
(1,839,325
|
)
|
(4,017,431
|
)
|
(14,971,577
|
)
|
(17,589,798
|
)
|
||||||||
Decrease in net assets applicable to common shares from
|
||||||||||||||||
distributions to common shareholders
|
(1,839,325
|
)
|
(4,017,431
|
)
|
(14,971,577
|
)
|
(17,589,798
|
)
|
||||||||
Capital Share Transactions
|
||||||||||||||||
Proceeds from shelf offering, net of offering costs
|
2,921,015
|
4,240,676
|
—
|
—
|
||||||||||||
Net proceeds from common shares issued to common shareholders
|
||||||||||||||||
due to reinvestment of distributions
|
48,726
|
129,581
|
98,768
|
—
|
||||||||||||
Issued in the Reorganizations
|
—
|
—
|
—
|
—
|
||||||||||||
Net increase (decrease) in net assets applicable to common shares
|
||||||||||||||||
from capital share transactions
|
2,969,741
|
4,370,257
|
98,768
|
—
|
||||||||||||
Net increase (decrease) in net assets applicable to common shares
|
5,486,450
|
2,101,892
|
18,280,728
|
(4,548,159
|
)
|
|||||||||||
Net assets applicable to common shares at the beginning of period
|
101,924,227
|
99,822,335
|
375,412,543
|
379,960,702
|
||||||||||||
Net assets applicable to common shares at the end of period
|
$
|
107,410,677
|
$
|
101,924,227
|
$
|
393,693,271
|
$
|
375,412,543
|
|
NEV
|
|||
Cash Flows from Operating Activities:
|
||||
Net Increase (Decrease) in Net Assets Applicable to Common Shares from Operations
|
$
|
33,153,537
|
||
Adjustments to reconcile the net increase (decrease) in net assets applicable to common shares from
|
||||
operations to net cash provided by (used in) operating activities:
|
||||
Purchases of investments
|
(21,322,276
|
)
|
||
Proceeds from sales and maturities of investments
|
30,344,634
|
|||
Amortization (Accretion) of premiums and discounts, net
|
821,845
|
|||
(Increase) Decrease in:
|
||||
Receivable for interest
|
(174,952
|
)
|
||
Receivable for investments sold
|
(195,000
|
)
|
||
Other assets
|
(4,072
|
)
|
||
Increase (Decrease) in:
|
||||
Payable for interest
|
173,177
|
|||
Investments purchased - when-issued/delayed-delivery settlement
|
(2,000,000
|
)
|
||
Accrued Directors/Trustees fees
|
9,768
|
|||
Accrued management fees
|
(4,671
|
)
|
||
Accrued other expenses
|
34,236
|
|||
Net realized (gain) loss from:
|
||||
Investments
|
(250,443
|
)
|
||
Change in net unrealized (appreciation) depreciation of investments
|
(24,019,219
|
)
|
||
Net cash provided by (used in) operating activities
|
16,566,564
|
|||
Cash Flow from Financing Activities:
|
||||
Proceeds from floating rate obligations
|
(5,460,000
|
)
|
||
Cash distributions paid to common shareholders
|
(14,868,197
|
)
|
||
Net cash provided by (used in) financing activities
|
(20,328,197
|
)
|
||
Net Increase (Decrease) in Cash
|
(3,761,633
|
)
|
||
Cash at the beginning of period
|
6,214,082
|
|||
Cash at the end of period
|
$
|
2,452,449
|
||
Supplemental Disclosures of Cash Flow Information
|
NEV
|
|||
Cash paid for interest
|
$
|
270,846
|
||
Non-cash financing activities not included herein consists of reinvestments of common share distributions
|
98,768
|
|
|
|
|
|
Less Distributions
|
|
|
|
|
||||
|
|
Investment Operations
|
to Common Shareholders
|
|
Common Share
|
|
|||||||
|
|
|
|
|
|
|
|
|
Premium
|
|
|
||
|
|
|
|
|
|
|
|
|
from
|
|
|
||
|
|
|
|
|
|
From
|
|
|
Shares
|
|
|
||
|
Beginning
|
Net
|
Net
|
|
From
|
Accumu-
|
|
|
Sold
|
|
|
||
|
Common
|
Investment
|
Realized/
|
|
Net
|
lated Net
|
|
Shelf
|
through
|
|
Ending
|
||
|
Share
|
Income
|
Unrealized
|
|
Investment
|
Realized
|
|
Offering
|
Shelf
|
Ending
|
Share
|
||
|
NAV
|
(Loss)
|
Gain (Loss)
|
Total
|
Income
|
Gains
|
Total
|
Costs
|
Offering
|
NAV
|
Price
|
||
|
|||||||||||||
NUV
|
|
|
|
|
|
|
|
|
|
|
|
||
Year Ended 10/31:
|
|
|
|
|
|
|
|
|
|
|
|
||
2021(e)
|
$10.48
|
$0.18
|
$ 0.24
|
$ 0.42
|
$(0.19)
|
$ —
|
$(0.19)
|
$ —
|
$ —
|
$10.71
|
$11.27
|
||
2020
|
10.57
|
0.37
|
(0.09)
|
0.28
|
(0.37)
|
—
|
(0.37)
|
—
|
—
|
10.48
|
10.81
|
||
2019
|
9.84
|
0.37
|
0.73
|
1.10
|
(0.37)
|
—
|
(0.37)
|
—
|
—
|
10.57
|
10.43
|
||
2018
|
10.30
|
0.38
|
(0.45)
|
(0.07)
|
(0.39)
|
—
|
(0.39)
|
—
|
—
|
9.84
|
9.18
|
||
2017
|
10.39
|
0.40
|
(0.10)
|
0.30
|
(0.39)
|
—
|
(0.39)
|
—
|
—
|
10.30
|
10.12
|
||
2016
|
10.20
|
0.40
|
0.18
|
0.58
|
(0.39)
|
—
|
(0.39)
|
—
|
—*
|
10.39
|
9.98
|
||
|
|||||||||||||
NUW
|
|
|
|
|
|
|
|
|
|
|
|
||
Year Ended 10/31:
|
|
|
|
|
|
|
|
|
|
|
|
||
2021(e)
|
16.81
|
0.23
|
0.64
|
0.87
|
(0.23)
|
—
|
(0.23)
|
—
|
—
|
17.45
|
16.75
|
||
2020
|
16.90
|
0.47
|
(0.08)
|
0.39
|
(0.48)
|
—
|
(0.48)
|
—
|
—
|
16.81
|
16.21
|
||
2019
|
15.88
|
0.60
|
1.16
|
1.76
|
(0.65)
|
(0.10)
|
(0.75)
|
—
|
0.01
|
16.90
|
16.83
|
||
2018
|
16.99
|
0.70
|
(0.92)
|
(0.22)
|
(0.72)
|
(0.18)
|
(0.90)
|
—
|
0.01
|
15.88
|
14.36
|
||
2017
|
17.22
|
0.75
|
(0.26)
|
0.49
|
(0.73)
|
—
|
(0.73)
|
(0.01)
|
0.02
|
16.99
|
17.17
|
||
2016
|
17.17
|
0.76
|
0.06
|
0.82
|
(0.79)
|
—
|
(0.79)
|
(0.01)
|
0.03
|
17.22
|
16.96
|
(a)
|
Total Return Based on Common Shares NAV is the combination of changes in common share NAV, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. The last dividend declared in the period, which is
typically paid on the first business day of the following month, is assumed to be reinvested at the ending NAV. The actual reinvest price for the last dividend declared in the period may often be based on the Fund’s market price (and not
its NAV), and therefore may be different from the price used in the calculation. Total returns are not annualized.
|
|
Total Return Based on Common Share Price is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share
at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last
dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total returns are not
annualized.
|
|
|
|
Common Share Supplemental Data/
|
|
|
|
|
|
Ratio Applicable to Common Shares
|
|
|
Common Share
|
|
|
|
|
|
Total Returns
|
|
Ratios to Average Net Assets
|
|
||
|
Based
|
Ending
|
|
|
|
Based
|
on
|
Net
|
|
Net
|
Portfolio
|
on
|
Share
|
Assets
|
|
Investment
|
Turnover
|
NAV(a)
|
Price(a)
|
(000)
|
Expenses(b)
|
Income (Loss)
|
Rate(c)
|
3.98%
|
6.07%
|
$2,221,009
|
0.49%***
|
3.38%***
|
5%
|
2.72
|
7.41
|
2,171,104
|
0.51
|
3.52
|
11
|
11.35
|
17.92
|
2,186,923
|
0.54
|
3.63
|
13
|
(0.71)
|
(5.55)
|
2,035,221
|
0.54
|
3.76
|
20
|
3.03
|
5.48
|
2,130,046
|
0.52
|
3.89
|
17
|
5.74
|
2.91
|
2,150,444
|
0.51
|
3.87
|
11
|
5.22
|
4.80
|
313,301
|
0.62***
|
2.78***
|
4
|
2.33
|
(0.77)
|
260,790
|
0.78(d)
|
2.79(d)
|
13
|
11.38
|
22.81
|
262,190
|
0.73
|
3.61
|
31
|
(1.31)
|
(11.54)
|
244,612
|
0.80
|
4.26
|
30
|
3.02
|
5.71
|
256,281
|
0.81
|
4.45
|
16
|
4.90
|
2.99
|
247,394
|
0.71
|
4.38
|
12
|
(b)
|
The expense ratios reflect, among other things, the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund
(as described in Note 4 – Portfolio Securities and Investments in Derivatives), where applicable, as follows:
|
NUV
|
|
NUW
|
|
||
Year Ended 10/31:
|
|
Year Ended 10/31:
|
|
||
2021(e)
|
0.01%***
|
2021(e)
|
0.01%***
|
||
2020
|
0.02
|
2020
|
0.01
|
||
2019
|
0.04
|
2019
|
0.07
|
||
2018
|
0.03
|
2018
|
0.10
|
||
2017
|
0.01
|
2017
|
0.06
|
||
2016
|
0.01
|
2016
|
0.03
|
(c)
|
Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period.
|
(d)
|
During the period ended October 31, 2020, the Adviser voluntarily reimbursed the Fund for certain expenses incurred in connection with a common shares equity shelf program. As a result, the Expenses and Net Investment Income (Loss)
Ratios to Average Net Assets reflect the voluntary expense reimbursement from Adviser. The Expenses and Net Investment Income (Loss) Ratios to Average Net Assets excluding this expense reimbursement from Adviser were as follows:
|
Ratios to Average Net Assets
|
||
|
|
Net
|
|
|
Investment
|
NUW
|
Expenses
|
Income (Loss)
|
Year Ended 10/31:
|
|
|
2020
|
0.82%
|
2.75%
|
(e)
|
Unaudited. For the six months ended April 30, 2021.
|
*
|
Rounds to less than $0.01 per share.
|
**
|
Rounds to less than 0.01%
|
***
|
Annualized.
|
|
|
|
|
|
Less Distributions
|
|
|
|
|
||||
|
|
Investment Operations
|
to Common Shareholders
|
|
Common Share
|
|
|||||||
|
|
|
|
|
|
|
|
|
Premium
|
|
|
||
|
|
|
|
|
|
|
|
|
from
|
|
|
||
|
|
|
|
|
|
From
|
|
|
Shares
|
|
|
||
|
Beginning
|
Net
|
Net
|
|
From
|
Accumu-
|
|
|
Sold
|
|
|
||
|
Common
|
Investment
|
Realized/
|
|
Net
|
lated Net
|
|
Shelf
|
through
|
|
Ending
|
||
|
Share
|
Income
|
Unrealized
|
|
Investment
|
Realized
|
|
Offering
|
Shelf
|
Ending
|
Share
|
||
|
NAV
|
(Loss)
|
Gain (Loss)
|
Total
|
Income
|
Gains
|
Total
|
Costs
|
Offering
|
NAV
|
Price
|
||
|
|||||||||||||
NMI
|
|
|
|
|
|
|
|
|
|
|
|
||
Year Ended 10/31:
|
|
|
|
|
|
|
|
|
|
|
|
||
2021(d)
|
$11.08
|
$0.19
|
$ 0.29
|
$0.48
|
$(0.20)
|
$ —
|
$(0.20)
|
$ —
|
$ —*
|
$11.36
|
$11.56
|
||
2020
|
11.32
|
0.41
|
(0.20)
|
0.21
|
(0.41)
|
(0.04)
|
(0.45)
|
—
|
—*
|
11.08
|
11.31
|
||
2019
|
10.92
|
0.43
|
0.47
|
0.90
|
(0.43)
|
(0.07)
|
(0.50)
|
—
|
—*
|
11.32
|
11.33
|
||
2018
|
11.38
|
0.43
|
(0.43)
|
—
|
(0.46)
|
—
|
(0.46)
|
(0.01)
|
0.01
|
10.92
|
10.09
|
||
2017
|
11.61
|
0.48
|
(0.22)
|
0.26
|
(0.49)
|
—
|
(0.49)
|
(0.01)
|
0.01
|
11.38
|
11.45
|
||
2016
|
11.47
|
0.50
|
0.15
|
0.65
|
(0.51)
|
—
|
(0.51)
|
—
|
—
|
11.61
|
12.20
|
||
|
|||||||||||||
NEV
|
|
|
|
|
|
|
|
|
|
|
|
||
Year Ended 10/31:
|
|
|
|
|
|
|
|
|
|
|
|
||
2021(d)
|
15.05
|
0.36
|
0.97
|
1.33
|
(0.37)
|
(0.23)
|
(0.60)
|
—
|
—
|
15.78
|
17.23
|
||
2020
|
15.23
|
0.71
|
(0.18)
|
0.53
|
(0.71)
|
—
|
(0.71)
|
—
|
—
|
15.05
|
14.61
|
||
2019
|
14.24
|
0.73
|
0.94
|
1.67
|
(0.68)
|
—
|
(0.68)
|
—
|
—
|
15.23
|
14.60
|
||
2018
|
15.03
|
0.75
|
(0.77)
|
(0.02)
|
(0.77)
|
—
|
(0.77)
|
—
|
—
|
14.24
|
12.70
|
||
2017
|
15.58
|
0.82
|
(0.55)
|
0.27
|
(0.82)
|
—
|
(0.82)
|
—
|
—
|
15.03
|
14.28
|
||
2016
|
15.59
|
0.85
|
0.04
|
0.89
|
(0.95)
|
—
|
(0.95)
|
—
|
0.05
|
15.58
|
14.75
|
(a)
|
Total Return Based on Common Shares NAV is the combination of changes in common share NAV, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. The last dividend declared in the period, which is
typically paid on the first business day of the following month, is assumed to be reinvested at the ending NAV. The actual reinvest price for the last dividend declared in the period may often be based on the Fund’s market price (and not
its NAV), and therefore may be different from the price used in the calculation. Total returns are not annualized.
|
|
Total Return Based on Common Share Price is the combination of changes in the market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share
at the time of reinvestment. The last dividend declared in the period, which is typically paid on the first business day of the following month, is assumed to be reinvested at the ending market price. The actual reinvestment for the last
dividend declared in the period may take place over several days, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total returns are not
annualized.
|
|
|
|
Common Share Supplemental Data/
|
|
|
|
|
|
Ratio Applicable to Common Shares
|
|
|
Common Share
|
|
|
|
|
|
Total Returns
|
|
Ratios to Average Net Assets
|
|
||
|
Based
|
Ending
|
|
|
|
Based
|
on
|
Net
|
|
Net
|
Portfolio
|
on
|
Share
|
Assets
|
|
Investment
|
Turnover
|
NAV(a)
|
Price(a)
|
(000)
|
Expenses(b)
|
Income (Loss)
|
Rate(c)
|
4.34%
|
4.01%
|
$107,411
|
0.77%**
|
3.47%**
|
7%
|
1.86
|
3.87
|
101,924
|
0.74
|
3.70
|
15
|
8.45
|
17.61
|
99,822
|
0.79
|
3.83
|
10
|
(0.05)
|
(8.14)
|
95,396
|
0.89
|
3.87
|
17
|
2.34
|
(2.04)
|
97,138
|
0.79
|
4.23
|
12
|
5.71
|
15.22
|
96,532
|
0.76
|
4.33
|
4
|
8.95
|
22.47
|
393,693
|
1.16**
|
4.61**
|
4
|
3.55
|
5.03
|
375,413
|
1.41
|
4.73
|
19
|
11.92
|
20.66
|
379,961
|
1.61
|
4.92
|
11
|
(0.17)
|
(5.93)
|
355,342
|
1.42
|
5.14
|
15
|
1.93
|
2.50
|
375,081
|
1.14
|
5.47
|
8
|
6.10
|
1.85
|
388,835
|
1.03
|
5.44
|
6
|
(b)
|
The expense ratios reflect, among other things, the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund
(as described in Note 4 – Portfolio Securities and Investments in Derivatives), where applicable, as follows:
|
NMI
|
|
NEV
|
|
||
Year Ended 10/31:
|
|
Year Ended 10/31:
|
|
||
2021(d)
|
—%**
|
2021(d)
|
0.23%**
|
||
2020
|
—
|
2020
|
0.45
|
||
2019
|
—
|
2019
|
0.61
|
||
2018
|
—
|
2018
|
0.40
|
||
2017
|
—
|
2017
|
0.17
|
||
2016
|
0.03
|
2016
|
0.07
|
(c)
|
Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period.
|
(d)
|
Unaudited. For the six months ended April 30, 2021.
|
*
|
Rounds to less than $0.01 per share.
|
**
|
Annualized.
|
NUV
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Long-Term Investments*:
|
||||||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
2,220,710,890
|
$
|
—
|
$
|
2,220,710,890
|
||||||||
NUW
|
||||||||||||||||
Long-Term Investments*:
|
||||||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
311,007,141
|
$
|
—
|
$
|
311,007,141
|
||||||||
Common Stock
|
—
|
423,148
|
***
|
—
|
423,148
|
|||||||||||
Short-Term Investments*:
|
||||||||||||||||
Municipal Bonds
|
—
|
450,000
|
—
|
450,000
|
||||||||||||
Investments in Derivatives:
|
||||||||||||||||
Futures Contracts****
|
532,268
|
—
|
—
|
532,268
|
||||||||||||
Total
|
$
|
532,268
|
$
|
311,880,289
|
$
|
—
|
$
|
312,412,557
|
||||||||
NMI
|
||||||||||||||||
Long-Term Investments*:
|
||||||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
104,834,335
|
$
|
—
|
$
|
104,834,335
|
||||||||
NEV
|
||||||||||||||||
Long-Term Investments*:
|
||||||||||||||||
Municipal Bonds
|
$
|
—
|
$
|
510,382,854
|
$
|
3,304
|
**
|
$
|
510,386,158
|
|||||||
Common Stock
|
—
|
7,452,626
|
***
|
—
|
7,452,626
|
|||||||||||
Total
|
$
|
—
|
$
|
517,835,481
|
$
|
3,304
|
$
|
517,838,784
|
*
|
Refer to the Fund’s Portfolio of Investments for state and/or industry classifications.
|
**
|
Refer to the Fund’s Portfolio of Investments for securities classified as Level 3.
|
***
|
Refer to the Fund’s Portfolio of Investments for securities classified as Level 2.
|
****
|
Represents net unrealized appreciation (depreciation) as reported in the Fund’s Portfolio of Investments.
|
Floating Rate Obligations Outstanding
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||||
Floating rate obligations: self-deposited Inverse Floaters
|
$
|
29,705,000
|
$
|
3,230,000
|
$
|
—
|
$
|
132,467,000
|
||||||||
Floating rate obligations: externally-deposited Inverse Floaters
|
—
|
1,070,000
|
—
|
62,405,000
|
||||||||||||
Total
|
$
|
29,705,000
|
$
|
4,300,000
|
$
|
—
|
$
|
194,872,000
|
Self-Deposited Inverse Floaters
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||||
Average floating rate obligations outstanding
|
$
|
29,705,000
|
$
|
3,440,082
|
$
|
—
|
$
|
135,118,680
|
||||||||
Average annual interest rate and fees
|
0.53
|
%
|
0.57
|
%
|
—
|
%
|
0.66
|
%
|
Floating Rate Obligations – Recourse Trusts
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||||
Maximum exposure to Recourse Trusts: self-deposited Inverse Floaters
|
$
|
29,705,000
|
$
|
3,230,000
|
$
|
—
|
$
|
132,467,000
|
||||||||
Maximum exposure to Recourse Trusts: externally-deposited Inverse Floaters
|
—
|
1,070,000
|
—
|
59,895,000
|
||||||||||||
Total
|
$
|
29,705,000
|
$
|
4,300,000
|
$
|
—
|
$
|
192,362,000
|
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||||
Purchases
|
$
|
114,966,723
|
$
|
49,403,800
|
$
|
7,845,654
|
$
|
21,322,276
|
||||||||
Sales and maturities
|
131,161,486
|
11,136,351
|
7,038,294
|
30,344,634
|
|
NUW
|
Average notional amount of futures contracts outstanding*
|
$33,222,746
|
*
|
The average notional amount is calculated based on the absolute aggregate notional amount of contracts outstanding at the beginning of the current fiscal period and at the end of each fiscal quarter within the current fiscal period.
|
|
|
|
Location on the Statement of Assets and Liabilities
|
|
||
Underlying
|
Derivative
|
Asset Derivatives
|
(Liability) Derivatives
|
|||
Risk Exposure
|
Instrument
|
Location
|
|
Value
|
Location
|
Value
|
NUW
|
|
|
|
|
|
|
Interest rate
|
Futures contracts
|
—
|
|
—
|
Payable for variation margin
|
$532,268
|
|
|
|
|
|
on futures contracts*
|
|
*
|
Value represents the cumulative unrealized appreciation (depreciation) of futures contracts as reported in the Fund’s Portfolio of Investments and not the asset and/or liability derivative location as described in the table above.
|
|
|
|
Net Realized
|
Change in Net Unrealized
|
|
Underlying Risk
|
Derivative
|
Gain (Loss) from
|
Appreciation (Depreciation) of
|
Fund
|
Exposure
|
Instrument
|
Futures Contracts
|
Futures Contracts
|
NUW
|
Interest rate
|
Futures contracts
|
$762,147
|
$356,981
|
|
NUW
|
NMI
|
||||||||||||||
|
Six Months
|
Year
|
Six Month
|
Year
|
||||||||||||
|
Ended
|
Ended
|
Ended
|
Ended
|
||||||||||||
|
4/30/21
|
10/31/20
|
4/30/21
|
10/31/20
|
||||||||||||
Additional authorized common shares
|
1,500,000
|
1,500,000
|
2,200,000
|
2,200,000
|
*
|
|||||||||||
Common shares sold
|
—
|
—
|
256,675
|
371,496
|
||||||||||||
Offering proceeds, net of offering costs
|
$
|
—
|
$
|
—
|
$
|
2,921,015
|
$
|
4,240,676
|
*
|
Represents additional authorized common shares for the period September 23, 2020 through October 31, 2020. An additional 800,000 common shares were authorized for the period November 1, 2019 through March 8, 2020.
|
|
NUW
|
||||||||||||||||||||||
|
Six Months
|
Year
|
|||||||||||||||||||||
|
Ended
|
Ended
|
|||||||||||||||||||||
|
4/30/21
|
10/31/20
|
|||||||||||||||||||||
Common shares:
|
|||||||||||||||||||||||
Issued in the Merger
|
2,435,254
|
—
|
|||||||||||||||||||||
|
NUV
|
NMI
|
NEV
|
||||||||||||||||||||
|
Six Months
|
Year
|
Six Months
|
Year
|
Six Months
|
Year
|
|||||||||||||||||
|
Ended
|
Ended
|
Ended
|
Ended
|
Ended
|
Ended
|
|||||||||||||||||
|
4/30/21
|
10/31/20
|
4/30/21
|
10/31/20
|
4/30/21
|
10/31/20
|
|||||||||||||||||
Common shares:
|
|||||||||||||||||||||||
Issued to shareholders due to reinvestment of distributions
|
229,746
|
199,565
|
4,328
|
11,464
|
6,332
|
—
|
|||||||||||||||||
Sold through shelf offering
|
—
|
—
|
256,675
|
371,496
|
—
|
—
|
|||||||||||||||||
Weighted average common share:
|
|||||||||||||||||||||||
Premium to NAV per shelf offering common share sold
|
—
|
%
|
—
|
%
|
1.77
|
%
|
1.73
|
%
|
—
|
%
|
—
|
%
|
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||||
Tax cost of investments
|
$
|
1,913,653,210
|
$
|
267,547,941
|
$
|
95,954,565
|
$
|
340,758,737
|
||||||||
Gross unrealized:
|
||||||||||||||||
Appreciation
|
$
|
286,736,000
|
$
|
42,076,786
|
$
|
8,973,564
|
$
|
47,734,348
|
||||||||
Depreciation
|
(9,383,217
|
)
|
(442,164
|
)
|
(93,794
|
)
|
(3,116,548
|
)
|
||||||||
Net unrealized appreciation (depreciation) of investments
|
$
|
277,352,783
|
$
|
41,634,622
|
$
|
8,879,770
|
$
|
44,617,800
|
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||||
Undistributed net tax-exempt income1
|
$
|
9,806,945
|
$
|
—
|
$
|
235,850
|
$
|
2,486,029
|
||||||||
Undistributed net ordinary income2
|
1,190,676
|
400,577
|
65,337
|
2,945,917
|
||||||||||||
Undistributed net long-term capital gains
|
—
|
—
|
—
|
3,579,574
|
1
|
Undistributed net tax-exempt income (on a tax basis) has not been reduced for the dividend declared on October 1, 2020 and paid on November 2, 2020.
|
2
|
Net ordinary income consists of taxable market discount income and net short-term capital gains, if any.
|
|
NUV
|
NUW
|
NMI
|
NEV
|
||||||||||||
Distributions from net tax-exempt income
|
$
|
74,458,618
|
$
|
7,373,541
|
$
|
3,701,146
|
$
|
17,589,798
|
||||||||
Distributions from net ordinary income2
|
2,536,534
|
12,114
|
813
|
—
|
||||||||||||
Distributions from net long-term capital gains
|
—
|
—
|
315,472
|
—
|
2 Net ordinary income consists of taxable market discount income and net short-term capital gains, if any.
|
|
|
|
|
|
NUV
|
NUW
|
NMI
|
|||||||||
Not subject to expiration:
|
||||||||||||
Short-term
|
$
|
12,720,858
|
$
|
79,531
|
$
|
212,201
|
||||||
Long-term
|
11,849,530
|
—
|
823
|
|||||||||
Total
|
$
|
24,570,388
|
$
|
79,531
|
$
|
213,024
|
|
NEV
|
Utilized capital loss carryforwards
|
$5,138,903
|
The annual fund-level fee, payable monthly, for NUV is calculated according to the following schedule:
|
|
|
NUV
|
Average Daily Net Assets
|
Fund-Level Fee Rate
|
For the first $500 million
|
0.1500%
|
For the next $500 million
|
0.1250
|
For net assets over $1 billion
|
0.1000
|
|
NUV
|
Gross Interest Income
|
Gross Income Fee Rate
|
For the first $50 million
|
4.125%
|
For the next $50 million
|
4.000
|
For gross income over $100 million
|
3.875
|
The annual fund-level fee, payable monthly, for NUW, NMI and NEV is calculated according to the following schedules:
|
|
|
NUW
|
Average Daily Managed Assets*
|
Fund-Level Fee Rate
|
For the first $125 million
|
0.4000%
|
For the next $125 million
|
0.3875
|
For the next $250 million
|
0.3750
|
For the next $500 million
|
0.3625
|
For the next $1 billion
|
0.3500
|
For the next $3 billion
|
0.3250
|
For managed assets over $5 billion
|
0.3125
|
|
NMI
|
Average Daily Net Assets
|
Fund-Level Fee Rate
|
For the first $125 million
|
0.4500%
|
For the next $125 million
|
0.4375
|
For the next $250 million
|
0.4250
|
For the next $500 million
|
0.4125
|
For the next $1 billion
|
0.4000
|
For the next $3 billion
|
0.3750
|
For net assets over $5 billion
|
0.3625
|
|
NEV
|
Average Daily Managed Assets*
|
Fund-Level Fee Rate
|
For the first $125 million
|
0.4500%
|
For the next $125 million
|
0.4375
|
For the next $250 million
|
0.4250
|
For the next $500 million
|
0.4125
|
For the next $1 billion
|
0.4000
|
For the next $3 billion
|
0.3750
|
For managed assets over $5 billion
|
0.3625
|
Complex-Level Eligible Asset Breakpoint Level*
|
Effective Complex-Level Fee Rate at Breakpoint Level
|
$55 billion
|
0.2000%
|
$56 billion
|
0.1996
|
$57 billion
|
0.1989
|
$60 billion
|
0.1961
|
$63 billion
|
0.1931
|
$66 billion
|
0.1900
|
$71 billion
|
0.1851
|
$76 billion
|
0.1806
|
$80 billion
|
0.1773
|
$91 billion
|
0.1691
|
$125 billion
|
0.1599
|
$200 billion
|
0.1505
|
$250 billion
|
0.1469
|
$300 billion
|
0.1445
|
*
|
For the complex-level fees, managed assets include closed-end fund assets managed by the Adviser that are attributable to certain types of leverage. For these purposes, leverage includes the funds’ use of preferred stock and borrowings
and certain investments in the residual interest certificates (also called inverse floating rate securities) in tender option bond (TOB) trusts, including the portion of assets held by a TOB trust that has been effectively financed by the
trust’s issuance of floating rate securities, subject to an agreement by the Adviser as to certain funds to limit the amount of such assets for determining managed assets in certain circumstances. The complex-level fee is calculated based
upon the aggregate daily managed assets of all Nuveen open-end and closed-end funds that constitute “eligible assets.” Eligible assets do not include assets attributable to investments in other Nuveen funds or assets in excess of a
determined amount (originally $2 billion) added to the Nuveen fund complex in connection with the Adviser’s assumption of the management of the former First American Funds effective January 1, 2011, but do not include certain assets of
certain Nuveen funds that were reorganized into funds advised by an affiliate of the Adviser during the 2019 calendar year. As of April 30, 2021, the complex-level fee rate for each Fund was 0.1544%.
|
|
NUV
|
NUW
|
NEV
|
|||||||||
Maximum outstanding balance
|
$
|
9,337,627
|
$
|
118,287
|
$
|
6,482,092
|
|
NUV
|
NUW
|
NEV
|
|||||||||
Utilization period (days outstanding)
|
4
|
4
|
4
|
|||||||||
Average daily balance outstanding
|
$
|
9,337,627
|
$
|
118,287
|
$
|
6,482,092
|
||||||
Average annual interest rate
|
1.39
|
%
|
1.39
|
%
|
1.39
|
%
|
|
NJV
|
NPN
|
||||||
Cost of investments
|
$
|
15,136,850
|
$
|
19,331,322
|
||||
Fair value of investments
|
20,676,952
|
16,541,215
|
||||||
Net unrealized appreciation (depreciation) of investments
|
5,540,102
|
(2,790,107
|
)
|
Target Fund - Prior to Merger
|
NJV
|
|||
Common shares outstanding
|
1,524,357
|
|||
Net assets applicable to common shares
|
$
|
23,600,163
|
||
NAV per common share outstanding
|
$
|
15.48
|
Target Fund - Prior to Merger
|
NPN
|
|||
Common shares outstanding
|
1,219,222
|
|||
Net assets applicable to common shares
|
$
|
18,397,596
|
||
NAV per common share outstanding
|
$
|
15.09
|
Acquiring Fund - Prior to Merger
|
NUW
|
|||
Common shares outstanding
|
15,516,082
|
|||
Net assets applicable to common shares
|
$
|
267,585,890
|
||
NAV per common share outstanding
|
$
|
17.25
|
Acquiring Fund - Post to Merger
|
NUW
|
|||
Common shares outstanding
|
17,951,336
|
|||
Net assets applicable to common shares
|
$
|
309,583,649
|
||
NAV per common share outstanding
|
$
|
17.25
|
Acquiring Fund - Pro Forma Results from Operations
|
NUW
|
|||
Net investment income (loss)
|
$
|
4,176,275
|
||
Net realized and unrealized gains (losses)
|
10,874,424
|
|||
Change in net assets resulting from operations
|
15,050,699
|
Board of Directors/Trustees
|
|
|
|
|
|
Jack B. Evans
|
William C. Hunter
|
Amy B. R. Lancellotta*
|
Joanne T. Medero*
|
Albin F. Moschner
|
John K. Nelson
|
Judith M. Stockdale
|
Carole E. Stone
|
Mathew Thornton III
|
Terence J. Toth
|
Margaret L. Wolff
|
Robert L. Young
|
|
|||||
* Effective June 1, 2021.
|
|
|
|
|
|
|
|||||
Investment Adviser
|
Custodian
|
Legal Counsel
|
Independent Registered
|
Transfer Agent and
|
|
Nuveen Fund Advisors, LLC
|
State Street Bank
|
Chapman and Cutler LLP
|
Public Accounting Firm
|
Shareholder Services
|
|
333 West Wacker Drive
|
& Trust Company
|
Chicago, IL 60603
|
KPMG LLP
|
|
Computershare Trust
|
Chicago, IL 60606
|
One Lincoln Street
|
|
200 East Randolph Street
|
Company, N.A.
|
|
|
Boston, MA 02111
|
|
Chicago, IL 60601
|
|
150 Royall Street
|
|
|
|
|
|
Canton, MA 02021
|
|
|
|
|
|
(800) 257-8787
|
|
NUV
|
NUW
|
NMI
|
NEV
|
Common shares repurchased
|
—
|
—
|
—
|
—
|
(a)
|
The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure
required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”)(17 CFR 240.13a-15(b) or 240.15d-15(b)).
|
(b)
|
There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the
period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
|
(a)(1)
|
Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements
through filing of an exhibit: Not applicable to this filing.
|
(a)(3)
|
Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of
the registrant to 10 or more persons: Not applicable.
|
(a)(4)
|
Change in the registrant’s independent public accountant. Not applicable.
|