NPORT-EX 2 NMI.htm
NMI
Nuveen Municipal Income Fund, Inc.
Portfolio of Investments    January 31, 2022
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 97.1%        
    MUNICIPAL BONDS – 97.1%        
    Alabama – 3.8%        
$3,000   Gardendale, Alabama, General Obligation Warrants, Series 2021B, 4.000%, 5/01/51   5/31 at 100.00 AA- $3,424,380
500   Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/46   No Opt. Call A2 669,845
100   Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 5.250%, 5/01/44, 144A   5/29 at 100.00 N/R 108,642
3,600   Total Alabama       4,202,867
    Arizona – 3.7%        
600   Arizona Health Facilities Authority, Revenue Bonds, Scottsdale Lincoln Hospitals Project, Refunding Series 2014A, 5.000%, 12/01/39   12/24 at 100.00 A+ 658,596
1,000   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2018A, 5.000%, 7/01/48   1/28 at 100.00 AA- 1,135,470
1,600   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, KIPPC NYC Public Charter Schools - Jerome Facility Project, Series 2021B, 4.000%, 7/01/61   7/26 at 100.00 BBB- 1,663,552
515   Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007, 5.250%, 12/01/28   No Opt. Call A3 621,162
3,715   Total Arizona       4,078,780
    California – 10.9%        
5,000   Adelanto School District, San Bernardino County, California, General Obligation Bonds, Series 1997A, 0.000%, 9/01/22 –  NPFG Insured   No Opt. Call A+ 4,977,650
    Brea Olinda Unified School District, Orange County, California, General Obligation Bonds, Series 1999A:        
2,070   0.000%, 8/01/22 –  FGIC Insured   No Opt. Call Aa2 2,064,556
2,120   0.000%, 8/01/23 –  FGIC Insured   No Opt. Call Aa2 2,088,645
500   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2018A, 4.000%, 11/15/42   11/27 at 100.00 A1 555,515
365   California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A, 5.500%, 12/01/58, 144A   6/28 at 100.00 BB 430,576
275   California Statewide Communities Development Authority, Revenue Bonds, Front Porch Communities and Services Project, Series 2017A, 4.000%, 4/01/36   4/27 at 100.00 A 302,324
88   California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A, 5.500%, 7/01/39 (4), (5)   1/22 at 100.00 N/R 55,913
600   Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Term Rate Sub-Series 2013B-1, 3.500%, 1/15/53   7/29 at 100.00 A- 629,256
300   M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A, 7.000%, 11/01/34   No Opt. Call A 436,089
1

NMI Nuveen Municipal Income Fund, Inc. (continued)
  Portfolio of Investments January 31, 2022
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    California (continued)        
$500   San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B, 5.250%, 1/15/44   1/25 at 100.00 BBB+ $547,565
11,818   Total California       12,088,089
    Colorado – 11.9%        
    Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2013A:        
150   5.125%, 12/01/29   12/23 at 100.00 BBB 157,860
250   5.375%, 12/01/33   12/23 at 100.00 BBB 263,525
350   Colorado Health Facilities Authority, Colorado, Health Facilities Revenue Bonds, The Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2017, 5.000%, 6/01/42 (Pre-refunded 6/01/27)   6/27 at 100.00 N/R (6) 411,425
500   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Neighborhoods Project, Refunding Series 2016, 5.000%, 1/01/37   1/24 at 102.00 N/R 529,440
1,140   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 4.000%, 8/01/49   8/29 at 100.00 BBB+ 1,241,882
750   Colorado Springs, Colorado, Utilities System Revenue Bonds, Improvement Series 2013B-1, 5.000%, 11/15/38   11/23 at 100.00 AA+ 798,525
1,000   Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 5.000%, 11/15/32 (Pre-refunded 11/15/22)   11/22 at 100.00 AA- (6) 1,034,580
1,395   Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A, 5.000%, 12/01/48 (AMT)   12/28 at 100.00 A+ 1,645,347
575   Erie Farm Metropolitan District, Erie, Boulder County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement, Series 2021, 5.000%, 12/01/41 –  AGM Insured   12/31 at 100.00 AA 704,162
900   Heritage Ridge Metropolitan District, Berthoud, Colorado, Senior Limited Tax General Obligation Bonds, Refunding Series 2021A, 4.000%, 12/01/51 –  AGM Insured   12/26 at 103.00 N/R 977,067
1,000   Northern Colorado Water Conservancy District Building Corporation, Certificates of Participation, Refunding Series 2021, 4.000%, 7/01/46   7/31 at 100.00 AA+ 1,140,520
110   Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45   12/25 at 100.00 A 120,914
650   Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Series 2018A, 4.000%, 12/01/51   12/28 at 100.00 A 709,436
235   Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs Utilities, Series 2008, 6.125%, 11/15/23   No Opt. Call AA- 250,541
1,100   Rampart Range Metropolitan District 1, Lone Tree, Colorado, Limited Tax Supported and Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/42   12/27 at 100.00 AA 1,284,393
1,250   Southshore Metropolitan District 2 Aurora, Arapahoe County, Colorado, General Obligaiton Bonds, Subordinate Limited Tax Improvement Series 2020A-2, 4.000%, 12/01/46 –  BAM Insured   12/30 at 100.00 AA 1,405,212
477   Tallyn's Reach Metropolitan District 3, Aurora, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding & Improvement Series 2013, 5.000%, 12/01/33 (Pre-refunded 12/01/23)   12/23 at 100.00 N/R (6) 508,420
11,832   Total Colorado       13,183,249
2

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Delaware – 0.1%        
$100   Delaware Health Facilities Authroity, Revenue Bonds, Beebe Medical Center Project, Series 2018, 5.000%, 6/01/48   12/28 at 100.00 BBB $115,540
    District of Columbia – 0.1%        
105   Metropolitan Washington Airports Authority, District of Columbia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 4.000%, 10/01/49   10/29 at 100.00 A- 115,103
    Florida – 4.8%        
850   Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter Academy, Inc. Project, Series 2013A, 5.000%, 9/01/33   9/23 at 100.00 BBB 886,958
200   Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Brightline Passenger Rail Project, Green Series 2019B, 7.375%, 1/01/49, 144A (AMT)   1/24 at 107.00 N/R 217,310
    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   3/22 at 103.00 N/R 355,537
380   6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A   3/22 at 103.00 N/R 385,491
500   Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Priority Subordinated Series 2017A, 5.000%, 10/01/47 (AMT)   10/27 at 100.00 A1 582,690
1,280   Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Florida Health Sciences Center Inc D/B/A Tampa General Hospital, Series 2020A, 4.000%, 8/01/50   2/31 at 100.00 A 1,420,198
1,000   Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%, 10/01/42 (Pre-refunded 10/01/22)   10/22 at 100.00 AA- (6) 1,029,770
310   Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health, Inc., Series 2012A, 5.000%, 10/01/42 (Pre-refunded 4/01/22)   4/22 at 100.00 A+ (6) 312,353
100   Tampa, Florida, Revenue Bonds, H. Lee Moffitt Cancer Center and Research Institute, Series 2020B, 4.000%, 7/01/45   7/30 at 100.00 A2 111,422
4,970   Total Florida       5,301,729
    Georgia – 1.7%        
455   Atlanta Development Authority, Georgia, Revenue Bonds, New Downtown Atlanta Stadium Project, Senior Lien Series 2015A-1, 5.250%, 7/01/40   7/25 at 100.00 A1 511,748
315   Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds, Testletree Village Apartments, Series 2013A, 4.000%, 11/01/25   11/23 at 100.00 BB+ 310,051
370   Fulton County Development Authority, Georgia, Revenue Bonds, Piedmont Healthcare, Inc. Project, Series 2019A, 4.000%, 7/01/49   7/29 at 100.00 AA- 405,076
255   Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project M Bonds, Series 2019A, 5.000%, 1/01/63   7/28 at 100.00 A 299,972
300   Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B, 5.000%, 3/15/22   No Opt. Call A+ 301,632
1,695   Total Georgia       1,828,479
    Hawaii – 0.2%        
250   Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific University, Series 2013A, 6.625%, 7/01/33   7/23 at 100.00 BB 263,408
3

NMI Nuveen Municipal Income Fund, Inc. (continued)
  Portfolio of Investments January 31, 2022
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois – 10.5%        
$250   Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46   4/27 at 100.00 A- $291,715
435   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2018D, 5.000%, 12/01/46   12/28 at 100.00 BB 489,497
650   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A, 7.000%, 12/01/44   12/25 at 100.00 BB 761,631
1,000   Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural History, Series 2002.RMKT, 4.500%, 11/01/36   11/24 at 100.00 A 1,083,390
500   Illinois Finance Authority, Revenue Bonds, Bradley University, Refunding Series 2021A, 4.000%, 8/01/46   8/31 at 100.00 BBB+ 542,395
80   Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A, 5.500%, 7/01/28   7/23 at 100.00 A- 84,854
200   Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C, 5.000%, 8/15/44   8/25 at 100.00 A3 222,126
400   Illinois State, General Obligation Bonds, May Series 2020, 5.500%, 5/01/39   5/30 at 100.00 BBB 487,364
990   Illinois State, General Obligation Bonds, Series 2013, 5.250%, 7/01/31   7/23 at 100.00 BBB 1,045,163
500   Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2021A, 4.000%, 1/01/42   1/32 at 100.00 N/R 570,855
1,555   Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012B, 5.000%, 6/15/52   6/22 at 100.00 BBB+ 1,580,347
200   Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2015A, 5.500%, 6/15/53   12/25 at 100.00 BBB+ 221,706
    Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2017A:        
6,000   0.000%, 12/15/56   No Opt. Call BBB+ 1,752,300
3,000   0.000%, 12/15/56 –  BAM Insured   No Opt. Call AA 968,100
205   Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A, 0.000%, 12/15/35 –  NPFG Insured   No Opt. Call BBB+ 139,740
450   Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana College, Series 2012, 5.000%, 10/01/27   10/22 at 100.00 Baa1 457,677
415   Sangamon County, Illinois, General Obligation Bonds, Limited Tax Series 2021, 4.000%, 12/15/40 –  BAM Insured   12/29 at 100.00 N/R 465,223
490   University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013, 6.000%, 10/01/32   10/23 at 100.00 A- 525,505
17,320   Total Illinois       11,689,588
    Indiana – 2.3%        
735   Gary Local Public Improvement Bond Bank, Indiana, Economic Development Revenue Bonds, Drexel Foundation for Educational Excellence Project, Refunding Series 2020A, 5.875%, 6/01/55, 144A   6/30 at 100.00 N/R 781,151
1,000   Indiana Finance Authority, Hospital Revenue Bonds, Marion General Hospital Project, Series 2020A, 4.000%, 7/01/50   7/30 at 100.00 A 1,110,340
655   Indiana Finance Authority, Provate Activity Bonds, Ohio River Bridges East End Crossing Project, Series 2013A, 5.000%, 7/01/44 (Pre-refunded 7/01/23) (AMT)   7/23 at 100.00 A- (6) 691,870
2,390   Total Indiana       2,583,361
4

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Louisiana – 2.2%        
$1,000   East Baton Rouge Sewerage Commission, Louisiana, Revenue Bonds, Refunding Series 2019A, 4.000%, 2/01/45   2/29 at 100.00 AA- $1,123,950
1,000   Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2020A, 4.000%, 5/15/49   5/30 at 100.00 A 1,115,070
200   New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project, Series 2017B, 5.000%, 1/01/48 (AMT)   1/27 at 100.00 A2 227,948
2,200   Total Louisiana       2,466,968
    Maine – 0.5%        
500   Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/43 (Pre-refunded 7/01/23)   7/23 at 100.00 BBB (6) 529,240
    Maryland – 0.7%        
250   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health Issue, Series 2017, 4.000%, 7/01/42   7/27 at 100.00 A+ 271,725
500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional Medical Center Issue, Refunding Series 2015, 5.000%, 7/01/45 (Pre-refunded 7/01/24)   7/24 at 100.00 A (6) 546,615
750   Total Maryland       818,340
    Massachusetts – 0.6%        
50   Massachusetts Development Finance Agency, Revenue Bonds, Atrius Health Issue, Series 2019A, 4.000%, 6/01/49   6/29 at 100.00 BBB 55,538
500   Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care, Series 2016I, 5.000%, 7/01/46   7/26 at 100.00 A- 570,810
550   Total Massachusetts       626,348
    Michigan – 2.3%        
355   Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds, Refunding Senior Lien Series 2012A, 5.250%, 7/01/39 (Pre-refunded 7/01/22)   7/22 at 100.00 AA- (6) 362,096
1,000   Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of Wayne, Second Lien Refunding Series 2020, 4.000%, 11/01/50   11/30 at 100.00 AA 1,124,250
1,000   Michigan Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Series 2019A, 4.000%, 11/15/50   11/29 at 100.00 A 1,099,480
2,355   Total Michigan       2,585,826
    Minnesota – 2.2%        
75   Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A, 4.250%, 8/01/46   8/26 at 100.00 BB+ 78,241
300   City of Minneapolis, Minnesota, Senior Housing and Healthcare Facilities Revenue Bonds, Walker Minneapolis Campus Project, Series 2015, 4.625%, 11/15/31   11/22 at 100.00 N/R 295,458
1,000   Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Series 2018A, 5.000%, 2/15/53   2/28 at 100.00 A- 1,153,710
300   Saint Paul Park, Minnesota, Senior Housing and Health Care Revenue Bonds, Presbyterian Homes Bloomington Project, Refunding Series 2017, 4.250%, 9/01/37   9/24 at 100.00 N/R 309,918
5

NMI Nuveen Municipal Income Fund, Inc. (continued)
  Portfolio of Investments January 31, 2022
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Minnesota (continued)        
$500   West Saint Paul-Mendota Heights-Eagan Independent School District 197, Dakota County, Minnesota, General Obligation Bonds, School Buidling Series 2018A, 4.000%, 2/01/39   2/27 at 100.00 AAA $554,015
2,175   Total Minnesota       2,391,342
    Mississippi – 1.0%        
1,000   Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial Healthcare, Series 2016A, 5.000%, 9/01/36   9/26 at 100.00 BBB+ 1,146,560
    Missouri – 3.7%        
135   Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013, 5.250%, 5/01/33   5/23 at 100.00 BBB 142,305
1,000   Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Southwest Baptist University Project, Series 2012, 5.000%, 10/01/33   10/22 at 100.00 BBB- 1,007,570
125   Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, University of Central Missouri, Series 2013C-2, 5.000%, 10/01/34   10/23 at 100.00 A+ 133,117
1,000   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Series 2021A, 4.000%, 7/01/46   7/31 at 100.00 AA 1,129,700
1,000   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2020, 4.000%, 6/01/53   6/30 at 100.00 A+ 1,116,840
215   Saint Louis County Industrial Development Authority, Missouri, Revenue Bonds, Friendship Village Saint Louis Obligated Group, Series 2018A, 5.250%, 9/01/53   9/25 at 103.00 BB+ 237,098
335   Saline County Industrial Development Authority, Missouri, First Mortgage Revenue Bonds, Missouri Valley College, Series 2017, 4.500%, 10/01/40   10/23 at 100.00 N/R 338,729
3,810   Total Missouri       4,105,359
    New Jersey – 2.7%        
65   Gloucester County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Logan Project, Refunding Series 2014A, 5.000%, 12/01/24 (AMT)   No Opt. Call BBB- 68,803
110   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46 –  AGM Insured   7/25 at 100.00 AA 122,221
545   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA, 5.000%, 6/15/45   6/25 at 100.00 Baa1 601,593
1,000   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB, 4.000%, 6/15/44   12/28 at 100.00 Baa1 1,087,250
1,000   Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A, 5.000%, 6/01/46   6/28 at 100.00 BBB+ 1,123,070
2,720   Total New Jersey       3,002,937
    New York – 4.2%        
60   Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds, Catholic Health System, Inc. Project, Series 2015, 5.250%, 7/01/35   7/25 at 100.00 BBB 65,311
315   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2020C-1, 5.250%, 11/15/55   5/30 at 100.00 A3 372,472
130   New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Refunding Series 2021A, 3.000%, 1/01/46 –  AGM Insured   1/31 at 100.00 AA 132,047
6

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New York (continued)        
$500   New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2022 Subseries B-1, 4.000%, 8/01/45   8/31 at 100.00 AAA $565,455
500   New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A   11/24 at 100.00 N/R 537,755
1,000   New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020A, 4.000%, 3/15/45   9/30 at 100.00 AA+ 1,117,550
1,500   Triborough Bridge and Tunnel Authority, New York, Payroll Mobility Tax Bonds, Senior Lien Subseries 2021A-1, 5.000%, 5/15/51   5/31 at 100.00 AA+ 1,850,505
4,005   Total New York       4,641,095
    North Carolina – 2.2%        
1,775   North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2019, 5.000%, 1/01/49   1/30 at 100.00 Aa1 2,090,914
225   University of North Carolina, Chapel Hill, Revenue Bonds, Hospital System, Series 2019, 5.000%, 2/01/45   No Opt. Call AA 307,735
2,000   Total North Carolina       2,398,649
    North Dakota – 0.1%        
100   Grand Forks, North Dakota, Senior Housing & Nursing Facilities Revenue Bonds, Valley Homes and Services Obligated Group, Series 2017, 5.000%, 12/01/36   12/26 at 100.00 N/R 102,842
    Ohio – 1.7%        
650   Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55   6/30 at 100.00 N/R 714,961
1,000   Cleveland-Cuyahoga County Port Authroity, Ohio, Cultural Facility Revenue Bonds, The Cleveland Museum of Natural History Project, Series 2021, 4.000%, 7/01/46   7/31 at 100.00 A3 1,131,490
1,650   Total Ohio       1,846,451
    Oklahoma – 0.7%        
670   Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B, 5.500%, 8/15/57   8/28 at 100.00 Baa3 803,859
    Oregon – 0.3%        
55   Clackamas County Hospital Facility Authority, Oregon, Revenue Bonds, Rose Villa Inc., Series 2020A, 5.250%, 11/15/50   11/25 at 102.00 N/R 59,490
300   Forest Grove, Oregon, Campus Improvement Revenue Bonds, Pacific University Project, Refunding Series 2014A, 5.000%, 5/01/40 (Pre-refunded 5/01/22)   5/22 at 100.00 BBB (6) 303,294
355   Total Oregon       362,784
    Pennsylvania – 4.0%        
1,000   Allegheny County Sanitary Authority, Pennsylvania, Sewer Revenue Bonds, Series 2020B, 4.000%, 6/01/50   12/30 at 100.00 Aa3 1,145,860
1,000   Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Reading Hospital & Medical Center Project, Series 2012A, 5.000%, 11/01/40   5/22 at 100.00 BB- 1,005,740
415   Lancaster County Hospital Authority, Pennsylvania, Revenue Bonds, Penn State Health, Series 2021, 5.000%, 11/01/46   11/29 at 100.00 A+ 496,722
7

NMI Nuveen Municipal Income Fund, Inc. (continued)
  Portfolio of Investments January 31, 2022
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Pennsylvania (continued)        
$100   Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2019, 4.000%, 9/01/49   9/29 at 100.00 A $109,601
560   Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/36   1/25 at 100.00 Ba1 624,153
1,000   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Foundation for Student Housing at Indiana University, Project Series 2012A, 5.000%, 7/01/41 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R (6) 1,018,740
4,075   Total Pennsylvania       4,400,816
    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 220,178
1,760   0.000%, 7/01/51   7/28 at 30.01 N/R 414,480
989   5.000%, 7/01/58   7/28 at 100.00 N/R 1,101,766
500   Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2, 4.784%, 7/01/58   7/28 at 100.00 N/R 549,230
3,449   Total Puerto Rico       2,285,654
    South Carolina – 0.6%        
620   South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, Bishop Gadsden Episcopal Retirement Community, Series 2019A, 4.000%, 4/01/49   4/26 at 103.00 BBB- 662,030
    South Dakota – 0.1%        
100   Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project, Series 2017, 5.125%, 11/01/47   11/26 at 100.00 BB 107,271
    Tennessee – 2.0%        
1,250   Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23)   1/23 at 100.00 BBB+ (6) 1,301,087
870   Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds, University Health System, Inc., Series 2016, 5.000%, 9/01/47   9/26 at 100.00 BBB 965,735
2,120   Total Tennessee       2,266,822
    Texas – 5.8%        
500   Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2021B, 5.000%, 1/01/46   1/31 at 100.00 A- 601,140
670   Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A, 5.000%, 1/01/40 (Pre-refunded 7/01/25)   7/25 at 100.00 A- (6) 754,507
1,000   Dallas Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2021B, 4.000%, 11/01/45   11/30 at 100.00 N/R 1,125,800
335   Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Frst Tier Series 2013A, 5.125%, 10/01/43   10/23 at 100.00 A+ 355,690
500   Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2015, 5.000%, 5/15/40   5/25 at 100.00 A+ 553,120
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Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
$125   Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT)   2/22 at 105.00 BB- $131,456
200   North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible Capital Appreciation Series 2011C, 0.000%, 9/01/43 (Pre-refunded 9/01/31) (7)   9/31 at 100.00 N/R (6) 269,216
410   North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2015B, 5.000%, 1/01/40   1/23 at 100.00 A+ 425,514
500   North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2015A, 5.000%, 1/01/38   1/25 at 100.00 A 548,745
240   Reagan Hospital District of Reagan County, Texas, Limited Tax Revenue Bonds, Series 2014A, 5.000%, 2/01/34   2/24 at 100.00 Ba1 252,108
295   SA Energy Acquisition Public Facilities Corporation, Texas, Gas Supply Revenue Bonds, Series 2007, 5.500%, 8/01/27   No Opt. Call A2 352,702
1,000   Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding Second Tier Series 2015C, 5.000%, 8/15/32   8/24 at 100.00 A- 1,091,250
5,775   Total Texas       6,461,248
    Virginia – 1.5%        
1,265   Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017, 5.000%, 12/31/56 (AMT)   6/27 at 100.00 BBB 1,463,415
205   Virginia Small Business Financing Authority, Revenue Bonds, Elizabeth River Crossing, OPCO LLC Project, Senior Lien Series 2012, 6.000%, 1/01/37 (AMT)   7/22 at 100.00 BBB 209,311
1,470   Total Virginia       1,672,726
    West Virginia – 1.1%        
1,000   West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health System Obligated Group, Series 2018A, 5.000%, 6/01/52   6/28 at 100.00 A 1,167,090
9

NMI Nuveen Municipal Income Fund, Inc. (continued)
  Portfolio of Investments January 31, 2022
  (Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Wisconsin – 4.8%        
    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 (5)   No Opt. Call N/R $112
4   0.000%, 1/01/47, 144A (5)   No Opt. Call N/R 105
4   0.000%, 1/01/48, 144A (5)   No Opt. Call N/R 102
4   0.000%, 1/01/49, 144A (5)   No Opt. Call N/R 99
3   0.000%, 1/01/50, 144A (5)   No Opt. Call N/R 93
4   0.000%, 1/01/51, 144A (5)   No Opt. Call N/R 99
98   3.750%, 7/01/51, 144A (5)   3/28 at 100.00 N/R 59,971
4   0.000%, 1/01/52, 144A (5)   No Opt. Call N/R 94
4   0.000%, 1/01/53, 144A (5)   No Opt. Call N/R 91
4   0.000%, 1/01/54, 144A (5)   No Opt. Call N/R 87
4   0.000%, 1/01/55, 144A (5)   No Opt. Call N/R 84
4   0.000%, 1/01/56, 144A (5)   No Opt. Call N/R 81
4   0.000%, 1/01/57, 144A (5)   No Opt. Call N/R 78
4   0.000%, 1/01/58, 144A (5)   No Opt. Call N/R 75
3   0.000%, 1/01/59, 144A (5)   No Opt. Call N/R 72
3   0.000%, 1/01/60, 144A (5)   No Opt. Call N/R 69
3   0.000%, 1/01/61, 144A (5)   No Opt. Call N/R 66
3   0.000%, 1/01/62, 144A (5)   No Opt. Call N/R 63
3   0.000%, 1/01/63, 144A (5)   No Opt. Call N/R 61
3   0.000%, 1/01/64, 144A (5)   No Opt. Call N/R 59
3   0.000%, 1/01/65, 144A (5)   No Opt. Call N/R 57
3   0.000%, 1/01/66, 144A (5)   No Opt. Call N/R 53
42   0.000%, 1/01/67, 144A (5)   No Opt. Call N/R 637
500   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marquette University, Series 2012, 4.000%, 10/01/32   10/22 at 100.00 A2 509,860
200   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson Hollow Project. Series 2014, 5.125%, 10/01/34   10/22 at 102.00 N/R 205,824
200   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Oakwood Lutheran Senior Ministries, Series 2021, 4.000%, 1/01/57   1/27 at 103.00 N/R 205,738
1,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, PHW Oconomowoc, Inc. Project, Series 2018, 5.125%, 10/01/48   10/23 at 102.00 N/R 1,020,830
1,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ProHealth Care, Inc. Obligated Group, Refunding Series 2015, 5.000%, 8/15/39   8/24 at 100.00 A+ 1,088,580
500   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Rogers Memorial Hospital, Inc., Series 2014B, 5.000%, 7/01/44   7/24 at 100.00 A 540,875
545   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint John's Communities Inc., Series 2018A, 5.000%, 9/15/50 (Pre-refunded 9/15/23)   9/23 at 100.00 BBB- (6) 580,523
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Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Wisconsin (continued)        
$1,000   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ThedaCare Inc, Series 2019, 4.000%, 12/15/49   12/29 at 100.00 AA- $1,103,050
5,160   Total Wisconsin       5,317,588
$106,404   Total Long-Term Investments (cost $102,000,030)       107,620,038
    
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    SHORT-TERM INVESTMENTS – 1.4%        
    MUNICIPAL BONDS – 1.4%        
    Colorado – 1.4%        
$1,500   University of Colorado Hospital Authority, Colorado, Revenue Bonds, Variable Rate Series 2018B, 0.060%, 11/15/35 (Mandatory Put 3/02/22) (8)   2/22 at 100.00 AA $1,500,000
$1,500   Total Short-Term Investments (cost $1,500,000)       1,500,000
    Total Investments (cost $103,500,030) – 98.5%       109,120,038
    Other Assets Less Liabilities – 1.5%       1,692,173
    Net Assets Applicable to Common Shares  –  100%       $110,812,211
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
11

NMI Nuveen Municipal Income Fund, Inc. (continued)
  Portfolio of Investments January 31, 2022
  (Unaudited)
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $107,564,125 $55,913 $107,620,038
Short-Term Investments:        
Municipal Bonds  — 1,500,000  — 1,500,000
Total $ — $109,064,125 $55,913 $109,120,038
    
(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 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.  
(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) Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period.  
(8) Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
12