NPORT-EX 2 Multistate_Tr_I.htm
Nuveen Arizona Municipal Bond Fund
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 95.2%        
    MUNICIPAL BONDS – 95.2%        
    Education and Civic Organizations – 20.3%        
$1,000   Arizona Board of Regents, Arizona State University System Revenue Bonds, Green Series 2016B, 5.000%, 7/01/47   7/26 at 100.00 AA $1,161,860
500   Arizona Board of Regents, Arizona State University System Revenue Bonds, Refunding Green Series 2015A, 5.000%, 7/01/41   7/25 at 100.00 AA 570,205
1,620   Arizona Board of Regents, Arizona State University System Revenue Bonds, Refunding Series 2017B, 5.000%, 7/01/42   7/27 at 100.00 AA 1,926,520
635   Arizona Board of Regents, Univeristy of Arizona, SPEED Revenue Bonds, Stimulus Plan for Economic and Educational Development, Refunding Series 2020A, 4.000%, 8/01/44   8/30 at 100.00 Aa3 718,293
940   Arizona Board of Regents, Univeristy of Arizona, SPEED Revenue Bonds, Stimulus Plan for Economic and Educational Development, Series 2014, 5.000%, 8/01/44   8/24 at 100.00 Aa3 1,036,444
1,500   Arizona Board of Regents, University of Arizona, System Revenue Bonds, Refunding Series 2015A, 5.000%, 6/01/40   6/25 at 100.00 Aa2 1,709,760
1,250   Arizona Board of Regents, University of Arizona, System Revenue Bonds, Refunding Series 2016, 5.000%, 6/01/38   6/26 at 100.00 Aa2 1,469,050
500   Arizona Board of Regents, University of Arizona, System Revenue Bonds, Series 2019A, 5.000%, 6/01/38   6/29 at 100.00 Aa2 626,765
215   Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017A, 5.125%, 7/01/37, 144A   7/26 at 100.00 BB 240,376
220   Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017C, 5.000%, 7/01/47   7/27 at 100.00 AA- 251,440
25   Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017D, 5.000%, 7/01/37, 144A   7/27 at 100.00 BB 28,278
    Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017F:        
300   5.000%, 7/01/37   7/27 at 100.00 AA- 350,031
705   5.000%, 7/01/47   7/27 at 100.00 AA- 805,752
150   Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017G, 5.000%, 7/01/47, 144A   7/27 at 100.00 BB 166,809
230   Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Montessori Academy Projects, Refunding Series 2017A, 6.000%, 11/01/37, 144A   11/27 at 100.00 N/R 240,628
775   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Agribusiness and Equine Center, Inc Project, Series 2017A, 5.000%, 3/01/48   9/27 at 100.00 AA- 894,854
1,150   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2017A, 5.000%, 7/01/47   7/27 at 100.00 AA- 1,315,071
125   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2017B, 4.250%, 7/01/27, 144A   No Opt. Call BB 133,654
135   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2018A, 5.000%, 7/01/38   1/28 at 100.00 AA- 158,883
      1
Nuveen Arizona Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$180   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Pinecrest Academy of Nevada ? Horizon, Inspirada and St Rose Campus Projects, Series 2018A, 5.750%, 7/15/38, 144A   7/26 at 100.00 BB+ $206,681
500   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Pinecrest Academy of Nevada ? Sloan Canyon Campus Project, Series 2020A-2, 6.000%, 9/15/38, 144A   9/23 at 105.00 BB+ 564,070
105   Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Social Bonds ? Pensar Academy Project, Series 2020, 4.000%, 7/01/30, 144A   7/28 at 100.00 BB- 107,612
2,950   Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, University of Indianapolis - Health Pavilion Project, Series 2019A, 5.000%, 10/01/45   10/29 at 100.00 BBB+ 3,440,378
1,160   Industrial Development Authority, Pima County, Arizona, Education Revenue Bonds, Center for Academic Success Project, Refunding Series 2019, 5.000%, 7/01/37   7/29 at 100.00 BBB 1,378,161
145   Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Great Hearts Academies Projects, Series 2017A, 5.000%, 7/01/37   7/27 at 100.00 AA- 171,535
210   Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Great Hearts Academies Projects, Series 2017C, 5.000%, 7/01/48   7/27 at 100.00 AA- 243,640
780   Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Highland Prep Project, Series 2019, 5.000%, 1/01/43   1/30 at 100.00 AA- 946,234
    Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Series 2019A:        
750   5.000%, 7/01/39   7/29 at 100.00 AA- 904,440
335   5.000%, 7/01/49   7/29 at 100.00 AA- 395,880
380   Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise Schools Projects, Series 2016, 5.000%, 7/01/47, 144A   7/26 at 100.00 BB+ 412,479
600   Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Reid Traditional School Projects, Series 2016, 5.000%, 7/01/36   7/26 at 100.00 Baa3 668,724
3,000   Maricopa County Industrial Development Authority, Arizona, Educational Facilities Revenue Bonds, Creighton University Projects, Series 2020, 4.000%, 7/01/50   1/30 at 100.00 A2 3,366,060
775   McAllister Academic Village LLC, Arizona, Revenue Bonds, Arizona State University Hassayampa Academic Village Project, Refunding Series 2016, 5.000%, 7/01/37   7/26 at 100.00 AA- 902,379
695   Northern Arizona University, System Revenue Bonds, Refunding Series 2014, 5.000%, 6/01/40   6/24 at 100.00 A+ 761,783
800   Northern Arizona University, System Revenue Bonds, Refunding Series 2015, 5.000%, 6/01/35  –  BAM Insured   6/25 at 100.00 AA 905,784
1,000   Northern Arizona University, System Revenue Bonds, Refunding Series 2020B, 5.000%, 6/01/39  –  BAM Insured   6/30 at 100.00 AA 1,242,560
25   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2016A, 5.000%, 7/01/46, 144A   7/25 at 100.00 BB 26,984
400   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Choice Academies Charter Schools Project, Series 2012, 5.625%, 9/01/42   9/22 at 100.00 BB 412,112
690   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Eagle College Prep Project, Series 2013A, 5.000%, 7/01/43   7/22 at 100.00 BB+ 705,477
400   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Great Hearts Academies Project, Series 2016A, 5.000%, 7/01/41   7/25 at 100.00 BBB- 438,408
2      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$220   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2015, 5.000%, 7/01/35, 144A   7/25 at 100.00 BB+ $237,272
350   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2016A, 5.000%, 7/01/41, 144A   7/26 at 100.00 BB+ 382,620
610   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Northwest Christian School Project, Series 2020A, 5.000%, 9/01/45, 144A   9/30 at 100.00 Ba2 658,306
    Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Villa Montessori, Inc Projects, Series 2015:        
100   3.250%, 7/01/25   No Opt. Call BBB- 103,514
250   5.000%, 7/01/35   7/25 at 100.00 BBB- 274,210
800   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Vista College Preparatory Project, Series 2018A, 5.000%, 7/01/43   7/28 at 100.00 AA- 943,576
1,000   Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Eastern Kentucky University Project, Series 2016, 5.000%, 10/01/36   10/26 at 100.00 A3 1,150,710
1,125   Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Rowan University Project, Series 2012, 5.000%, 6/01/42 (UB) (4)   6/22 at 100.00 A 1,164,229
    Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Champion Schools Project, Series 2017:        
100   6.000%, 6/15/37, 144A   6/26 at 100.00 N/R 93,582
320   6.125%, 6/15/47, 144A   6/26 at 100.00 N/R 291,856
100   Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2016, 5.250%, 7/01/36   7/26 at 100.00 BB- 105,794
25   Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2016, 6.500%, 2/01/48, 144A   2/24 at 100.00 N/R 26,260
85   Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2017, 6.125%, 2/01/28, 144A   No Opt. Call N/R 96,582
215   Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Carden Traditional Schools Project, Series 2012, 7.500%, 1/01/42   1/22 at 100.00 B- 215,393
250   Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Noah Webster Schools ? Mesa Project, Series 2015A, 5.000%, 12/15/34, 144A   6/25 at 100.00 BB 268,707
145   Pinal County Community College District, Arizona, Revenue Bonds, Central Arizona College, Series 2017, 5.000%, 7/01/34  –  BAM Insured   7/26 at 100.00 AA 173,153
470   Student and Academic Services LLC, Arizona, Lease Revenue Bonds, Northern Arizona University Project, Series 2014, 5.000%, 6/01/39  –  BAM Insured   6/24 at 100.00 AA 527,382
250   Sun Devil Energy LLC, Arizona, Revenue Refunding Bonds, Arizona State University Project, Series 2008, 5.000%, 7/01/22   No Opt. Call AA- 265,937
500   Yavapai County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Agribusiness and Equine Center Inc Project, Refunding Series 2015A, 5.000%, 9/01/34, 144A   3/25 at 100.00 BB+ 541,130
34,770   Total Education and Civic Organizations       39,526,267
    Health Care – 13.9%        
590   Arizona Health Facilities Authority, Hospital Revenue Bonds, Banner Health Systems, Series 2014A, 5.000%, 1/01/44   1/24 at 100.00 AA- 652,924
      3
Nuveen Arizona Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$1,480   Arizona Health Facilities Authority, Hospital System Revenue Bonds, Phoenix Children's Hospital, Refunding Series 2012A, 5.000%, 2/01/42   2/22 at 100.00 A1 $1,524,933
1,510   Arizona Health Facilities Authority, Revenue Bonds, Scottsdale Lincoln Hospitals Project, Refunding Series 2014A, 5.000%, 12/01/42   12/24 at 100.00 A+ 1,698,055
    Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A:        
105   4.000%, 9/01/36   9/30 at 100.00 A1 123,106
890   4.000%, 9/01/38   9/30 at 100.00 A1 1,036,334
405   4.000%, 9/01/39   9/30 at 100.00 A1 470,290
250   4.000%, 9/01/46   9/30 at 100.00 A1 284,898
    Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A:        
1,100   3.000%, 2/01/39   2/30 at 100.00 A1 1,164,515
4,195   4.000%, 2/01/50   2/30 at 100.00 A1 4,683,676
600   Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A, 5.000%, 9/01/36   9/28 at 100.00 A+ 744,660
65   Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2021A, 4.000%, 9/01/51   3/31 at 100.00 A+ 75,243
    Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Refunding Series 2016A:        
1,750   5.000%, 1/01/32   1/27 at 100.00 AA- 2,120,300
2,000   5.000%, 1/01/35   1/27 at 100.00 AA- 2,400,940
1,000   5.000%, 1/01/38   1/27 at 100.00 AA- 1,188,150
2,850   Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019A, 4.000%, 1/01/44   7/29 at 100.00 AA- 3,257,407
1,000   Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Variable Rate Demand Series 2019F, 4.000%, 1/01/45   7/30 at 100.00 AA- 1,152,840
580   Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Northern Arizona Healthcare System, Refunding Series 2011, 5.250%, 10/01/26   10/21 at 100.00 AA- 594,894
295   Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Refunding Series 2016, 5.000%, 8/01/36   8/26 at 100.00 A+ 341,613
750   Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Series 2013A, 5.250%, 8/01/33   8/23 at 100.00 A+ 815,970
    Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Series 2019:        
815   5.000%, 8/01/39   8/29 at 100.00 A+ 1,008,098
1,060   4.000%, 8/01/43   8/29 at 100.00 A+ 1,180,342
500   Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2014A, 5.250%, 8/01/32   8/24 at 100.00 A 563,680
23,790   Total Health Care       27,082,868
4      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Multifamily – 1.2%        
$500   Arizona Industrial Development Authority, Student Housing Revenue Bonds, Provident Group - NCCU Properties LLC- North Carolina Central University, Series 2019A, 5.000%, 6/01/38  –  BAM Insured   6/29 at 100.00 AA $597,020
1,765   Maricopa County Industrial Development Authority, Arizona, Multifamily Housing Revenue Bonds, Western Groves Apartments Project, Series 2001B, Pass through Certificates Series 2002-4, 5.800%, 11/01/34 (AMT) (Mandatory Put 11/01/21)   3/21 at 100.00 N/R 1,767,189
2,265   Total Housing/Multifamily       2,364,209
    Long-Term Care – 1.5%        
120   Arizona Industrial Development Authority, Multifamily Housing Revenue Bonds, Bridgewater Avondale Project, Series 2017, 5.375%, 1/01/38   7/25 at 101.00 N/R 108,342
1,000   Glendale Industrial Development Authority, Arizona, Senior Living Revenue Bonds, Royal Oaks Royal Oaks - Inspirata Pointe Project, Series 2020A, 5.000%, 5/15/41   5/26 at 103.00 BBB- 1,130,240
935   Phoenix Industrial Development Authority, Arizona, Multi-Family Housing Revenue Bonds, 3rd and Indian Road Assisted Living Project, Series 2016, 5.400%, 10/01/36   10/25 at 101.00 N/R 952,522
220   Tempe Industrial Development Authority, Arizona, Revenue Bonds, Friendship Village of Tempe Project, Refunding Series 2012A, 6.000%, 12/01/32   12/21 at 100.00 N/R 224,156
530   Tempe Industrial Development Authority, Arizona, Revenue Bonds, Mirabella at ASU Project, Series 2017A, 6.000%, 10/01/37, 144A   10/27 at 100.00 N/R 570,762
2,805   Total Long-Term Care       2,986,022
    Tax Obligation/General – 13.8%        
550   Buckeye Union High School District 201, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project, Refunding Series 2017, 5.000%, 7/01/34  –  BAM Insured   7/27 at 100.00 AA 665,137
765   Dysart Unified School District Number 89, Maricopa County, Arizona, General Obligation Bonds, Refunding Series 2014, 5.000%, 7/01/27   7/24 at 100.00 AAA 872,590
860   El Mirage, Arizona, General Obligation Bonds, Series 2012, 5.000%, 7/01/42  –  AGM Insured   7/22 at 100.00 AA 906,345
1,000   Golder Ranch Fire District, Pima and Pinal Counties, Arizona, General Obligation Bonds, Series 2021, 4.000%, 7/01/45   7/30 at 100.00 AA 1,159,980
425   Kyrene Elementary School District 28, Maricopa County, Arizona, School Improvement Bonds, Project 2010, Series 2013B, 5.500%, 7/01/30   7/23 at 100.00 Aaa 477,029
1,000   Kyrene Elementary School District 28, Maricopa County, Arizona, School Improvement Bonds, Project 2010, Series 2015C, 5.000%, 7/01/34   7/25 at 100.00 Aaa 1,166,870
1,500   Marana Unified School District No 6 of Pima County, Arizona, School Improvement Bonds, Project of 2014, Series 2018D, 5.000%, 7/01/38  –  AGM Insured   7/27 at 100.00 AA 1,796,235
810   Maricopa County Elementary School District 68, Alhambra, Arizona, General Obligation Bonds, Project of 2017, Series 2019B, 4.000%, 7/01/39   7/28 at 100.00 AA 915,073
675   Maricopa County Elementary School District 83 Cartwright, Arizona, General Obligation Bonds, School Improvement, Project 2020, Series 202A, 4.000%, 7/01/38  –  AGM Insured (WI/DD, Settling 3/18/21)   7/30 at 100.00 AA 790,121
1,045   Maricopa County School District 214 Tolleson Union High, Arizona, General Obligation Bonds, School Improvement Project 1990, Series 1990A, 5.000%, 7/01/38   7/28 at 100.00 Aa1 1,290,115
370   Maricopa County School District 214 Tolleson Union High, Arizona, General Obligation Bonds, School Improvement Project 2017, Series 2018A, 5.000%, 7/01/37   7/27 at 100.00 Aa1 447,770
      5
Nuveen Arizona Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$600   Maricopa County School District 28 Kyrene Elementary, Arizona, General Obligation Bonds, School Improvement, Project 2017 Series 2020B, 4.000%, 7/01/40   7/29 at 100.00 Aaa $700,908
1,050   Maricopa County Special Health Care District, Arizona, General Obligation Bonds, Series 2018C, 5.000%, 7/01/35   7/28 at 100.00 Aa3 1,275,004
1,000   Maricopa County Unified School District 11, Peoria, Arizona, General Obligation Bonds, School Improvement, Series 2018, 5.000%, 7/01/34  –  BAM Insured   7/27 at 100.00 AA 1,216,070
265   Maricopa County Unified School District 69 Paradise Valley, Arizona, General Obligation Bonds, Improvement Second Series 2020, 4.000%, 7/01/40   7/29 at 100.00 AAA 317,952
1,000   Maricopa County Unified School District 95 Queen Creek, Arizona, General Obligation Bonds, School Improvement Series 2020, 4.000%, 7/01/38   7/29 at 100.00 Aa1 1,174,010
860   Maricopa County Union High School District 210 Phoenix, Arizona, General Obligation Bonds, School Improvement & Project of 2011 Series 2017E, 5.000%, 7/01/35   7/27 at 100.00 AAA 1,046,388
2,000   Maricopa County Union High School District 210 Phoenix, Arizona, General Obligation Bonds, School Improvement Project 2011 and 2017, Series 2018, 5.000%, 7/01/37   7/27 at 100.00 AAA 2,420,380
260   Mesa, Arizona, General Obligation, Series 2020, 3.000%, 7/01/33   7/30 at 100.00 AAA 287,407
750   Mohave County Union High School District 2 Colorado River, Arizona, General Obligation Bonds, School Improvement Series 2017, 5.000%, 7/01/35   7/27 at 100.00 Aa3 897,480
690   Northwest Fire District of Pima County, Arizona, General Obligation Bonds, Series 2017, 5.000%, 7/01/36   7/27 at 100.00 AA- 830,270
335   Pima County Continental Elementary School District 39, Arizona, General Obligation Bonds, Series 2011A, 6.000%, 7/01/30  –  AGM Insured   7/21 at 100.00 AA 341,120
1,125   Pima County Unified School District 12 Sunnyside, Arizona, General Obligation Bonds, School Improvement Project 2011, Series 2014D, 5.000%, 7/01/34  –  AGM Insured   7/24 at 100.00 AA 1,274,074
500   Pima County Unified School District 12 Sunnyside, Arizona, General Obligation Bonds, School Improvement Project of 2011, Series 2013B, 5.000%, 7/01/32  –  BAM Insured   7/23 at 100.00 AA 548,985
750   Pima County Unified School District 20 Vail, Arizona, General Obligation Bonds, Refunding School Improvement Series 2015, 5.000%, 7/01/33  –  AGM Insured   7/25 at 100.00 AA 875,498
750   Pima County Unified School District 6 Marana, Arizona, General Obligation Bonds, School Improvement, Project of 2014, Series 2019E, 4.000%, 7/01/39  –  AGM Insured   7/29 at 100.00 AA 884,573
800   Pinal County School District 4 Casa Grande Elementary, Arizona, General Obligation Bonds, School improvement Project 2016, Series 2017A, 5.000%, 7/01/36  –  BAM Insured   7/27 at 100.00 AA 954,664
500   Tucson, Arizona, General Obligation Bonds, 2018-A Series 2020, 4.000%, 7/01/33   7/29 at 100.00 AA+ 596,705
    Western Maricopa Education Center District 402, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project 2012, Series2014B:        
360   4.500%, 7/01/33   7/24 at 100.00 AA- 396,565
335   4.500%, 7/01/34   7/24 at 100.00 AA- 368,456
22,930   Total Tax Obligation/General       26,893,774
    Tax Obligation/Limited – 21.9%        
100   Arizona Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Linder Village Project in Meridian, Ada County, Idaho, Series 2020, 5.000%, 6/01/31, 144A   No Opt. Call N/R 103,273
6      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$330   Arizona Sports and Tourism Authority, Tax Revenue Bonds, Multipurpose Stadium Facility Project, Refunding Senior Series 2012A, 5.000%, 7/01/36   7/22 at 100.00 A1 $342,639
120   Buckeye, Arizona, Excise Tax Revenue Obligations, Refunding Series 2016, 4.000%, 7/01/36   7/26 at 100.00 AA 132,656
1,000   Buckeye, Arizona, Excise Tax Revenue Obligations, Series 2015, 5.000%, 7/01/37   7/25 at 100.00 AA 1,166,400
475   Cadence Community Facilities District, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 1, Series 2019, 4.500%, 7/01/43   7/29 at 100.00 N/R 507,628
675   Cadence Community Facilities District, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 3, Series 2020, 4.000%, 7/01/45   7/30 at 100.00 N/R 726,712
95   Cahava Springs Revitalization District, Cave Creek, Arizona, Special Assessment Bonds, Series 2017A, 7.000%, 7/01/41, 144A (5)   7/27 at 100.00 N/R 72,767
500   Cottonwood, Arizona, Pledged Revenue Bonds, Series 2015, 5.000%, 7/01/30  –  RAAI Insured   7/25 at 100.00 AA 586,915
450   Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2015, 5.000%, 7/15/39, 144A   7/25 at 100.00 N/R 477,045
500   Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2017, 5.000%, 7/15/42  –  AGM Insured   7/27 at 100.00 AA 589,185
1,000   Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2018, 5.000%, 7/15/38  –  BAM Insured   7/27 at 100.00 AA 1,185,270
1,300   Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2019, 4.000%, 7/15/39  –  BAM Insured   7/29 at 100.00 AA 1,463,813
143   Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 1, Series 2013, 5.250%, 7/01/38   7/23 at 100.00 N/R 146,452
299   Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 1, Series 2019, 5.200%, 7/01/43   7/27 at 100.00 N/R 316,671
500   Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 12, Series 2021, 3.250%, 7/01/35   7/30 at 100.00 N/R 507,240
    Eastmark Community Facilities District 2, Mesa, Arizona, General Obligation Bonds, Series 2020:        
315   4.000%, 7/15/30   No Opt. Call N/R 345,848
480   4.000%, 7/15/35   7/30 at 100.00 N/R 512,021
295   Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Refunding Series 2017, 5.000%, 7/15/32  –  AGM Insured   7/27 at 100.00 AA 348,404
345   Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2012, 5.000%, 7/15/27  –  BAM Insured   7/22 at 100.00 AA 367,594
750   Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2016, 4.000%, 7/15/36  –  BAM Insured   7/26 at 100.00 AA 849,638
260   Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2018, 5.000%, 7/15/38  –  BAM Insured   7/27 at 100.00 AA 316,350
1,500   Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2020, 4.000%, 7/15/40  –  BAM Insured   7/30 at 100.00 AA 1,759,770
256   Festival Ranch Community Facilities District, Buckeye, Arizona, Special Assessment Revenue Bonds, Assessment District 11, Series 2017, 5.200%, 7/01/37   7/27 at 100.00 N/R 265,902
      7
Nuveen Arizona Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$1,000   Glendale Municipal Property Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate Series 2012C, 4.000%, 7/01/38   1/23 at 100.00 AA $1,045,030
400   Goodyear Community Facilities Utilities District 1, Arizona, General Obligation Bonds, Refunding Series 2016, 4.000%, 7/15/32   7/26 at 100.00 A1 444,576
1,000   Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.250%, 1/01/36   1/22 at 100.00 BB 1,026,320
165   Merrill Ranch Community Facilities District 2, Florence, Arizona, General Obligation Bonds, Series 2017, 5.000%, 7/15/42  –  BAM Insured   7/27 at 100.00 AA 192,925
    Mesa, Arizona, Excise Tax Revenue Obligations, Series 2020:        
500   3.000%, 7/01/39   7/30 at 100.00 AA+ 536,520
115   4.000%, 7/01/40   7/30 at 100.00 AA+ 135,393
300   Page, Arizona, Pledged Revenue Bonds, Refunding Series 2011, 5.000%, 7/01/26   7/21 at 100.00 AA- 304,563
1,625   Phoenix Civic Improvement Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate Lien Series 2020A, 4.000%, 7/01/45   7/30 at 100.00 AAA 1,899,966
810   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, JMF-Higley 2012 LLC Project, Series 2012, 5.000%, 12/01/36   12/22 at 100.00 A 866,327
500   Pinal County, Arizona, Pledged Revenue Obligations, Series 2014, 5.000%, 8/01/33   8/24 at 100.00 AA 564,270
1,500   Pinal County, Arizona, Pledged Revenue Obligations, Series 2019, 4.000%, 8/01/38   8/28 at 100.00 AA 1,711,335
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
1,250   4.550%, 7/01/40   7/28 at 100.00 N/R 1,362,562
1,000   0.000%, 7/01/46   7/28 at 41.38 N/R 307,440
1,350   4.750%, 7/01/53   7/28 at 100.00 N/R 1,473,430
681   5.000%, 7/01/58   7/28 at 100.00 N/R 754,235
    Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Refunding Series 2016:        
520   4.000%, 8/01/33   8/26 at 100.00 AA 585,218
560   4.000%, 8/01/35   8/26 at 100.00 AA 625,934
760   Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Series 2018A, 5.000%, 8/01/42   8/28 at 100.00 AA 927,831
    Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Series 2020:        
1,915   4.000%, 8/01/38   8/30 at 100.00 AA 2,278,390
2,500   4.000%, 8/01/45   8/30 at 100.00 AA 2,914,525
    San Luis, Arizona, Pledged Excise Tax Revenue Bonds, Refunding Series2014A:        
600   5.000%, 7/01/34  –  BAM Insured   7/24 at 100.00 AA 669,444
900   5.000%, 7/01/38  –  BAM Insured   7/24 at 100.00 AA 998,892
805   Surprise, Arizona, Pledged Revenue Bonds, Refunding Series 2015, 5.000%, 7/01/30   7/25 at 100.00 AA+ 948,684
600   Tempe, Arizona, Excise Tax Revenue Bonds, Refunding Series 2016, 5.000%, 7/01/31   7/26 at 100.00 AAA 726,852
940   Tempe, Arizona, Transit Excise Tax Revenue Obligation Bonds, Refunding Series 2012, 5.000%, 7/01/37   7/22 at 100.00 AAA 995,432
8      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A:        
$100   4.000%, 10/01/22  –  AGM Insured   No Opt. Call AA $103,222
985   5.000%, 10/01/32  –  AGM Insured   10/22 at 100.00 AA 1,038,722
500   Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A, 5.000%, 10/01/32  –  AGM Insured   10/22 at 100.00 AA 527,270
1,090   Vistancia West Community Facilities District, Peoria, Arizona, General Obligation Bonds, Series 2016, 5.000%, 7/15/29, 144A   7/21 at 100.00 N/R 1,108,574
2,260   Yavapai County Jail District, Arizona, Pleged Revenue Obligation Bonds, Series 2020, 4.000%, 7/01/40  –  BAM Insured   7/29 at 100.00 AA 2,546,907
38,919   Total Tax Obligation/Limited       42,710,982
    Transportation – 5.6%        
    Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2015A:        
390   5.000%, 7/01/40   7/25 at 100.00 A1 448,110
1,315   5.000%, 7/01/45   7/25 at 100.00 A1 1,502,611
2,425   Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019A, 5.000%, 7/01/49   7/29 at 100.00 A1 2,944,750
1,000   Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Refunding Senior Lien Series 2013, 5.000%, 7/01/30 (AMT)   7/23 at 100.00 Aa3 1,095,530
    Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A:        
1,000   5.000%, 7/01/37 (AMT)   7/27 at 100.00 Aa3 1,183,650
1,000   5.000%, 7/01/42 (AMT)   7/27 at 100.00 Aa3 1,170,940
    Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A:        
1,000   5.000%, 7/01/32   7/29 at 100.00 A3 1,198,580
1,090   5.000%, 7/01/39   7/29 at 100.00 A3 1,277,437
9,220   Total Transportation       10,821,608
    U.S. Guaranteed – 4.0% (6)        
1,000   Arizona Board of Regents, Arizona State University System Revenue Bonds, Refunding Series 2013A, 5.000%, 7/01/43 (Pre-refunded 7/01/22)   7/22 at 100.00 AA 1,064,020
500   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.250%, 7/01/33 (Pre-refunded 7/01/23)   7/23 at 100.00 A- 557,060
900   Mesa, Arizona, Excise Tax Revenue Bonds, Series 2013, 5.000%, 7/01/32 (Pre-refunded 7/01/22)   7/22 at 100.00 Aa3 957,618
430   Northern Arizona University, System Revenue Bonds, Refunding Series 2014, 5.000%, 6/01/40 (Pre-refunded 6/01/24)   6/24 at 100.00 N/R 492,844
460   Northern Arizona University, System Revenue Bonds, Series 2012, 5.000%, 6/01/41 (Pre-refunded 6/01/21)   6/21 at 100.00 A+ 465,488
      9
Nuveen Arizona Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (6) (continued)        
$165   Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Great Hearts Academies - Veritas Project, Series 2012, 6.300%, 7/01/42 (Pre-refunded 7/01/21)   7/21 at 100.00 N/R $168,218
1,000   Scottsdale Municipal Property Corporation, Arizona, Excise Tax Revenue Bonds, Refunding Series 2015, 5.000%, 7/01/35 (Pre-refunded 7/01/25)   7/25 at 100.00 AAA 1,191,110
880   Scottsdale Municipal Property Corporation, Arizona, Excise Tax Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/36 (Pre-refunded 7/01/27)   7/27 at 100.00 AAA 1,103,370
560   Tempe, Arizona, Transit Excise Tax Revenue Obligation Bonds, Refunding Series 2012, 5.000%, 7/01/37 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R 595,465
1,225   University Medical Center Corporation, Tucson, Arizona, Hospital Revenue Bonds, Series 2011, 6.000%, 7/01/39 (Pre-refunded 7/01/21)   7/21 at 100.00 N/R 1,248,508
7,120   Total U.S. Guaranteed       7,843,701
    Utilities – 13.0%        
1,285   Central Arizona Water Conservation District, Arizona, Water Delivery O&M Revenue Bonds, Series 2016, 5.000%, 1/01/35   1/26 at 100.00 AA+ 1,522,224
500   Glendale, Arizona, Water and Sewer Revenue Bonds, Refunding Senior Lien Series 2012, 5.000%, 7/01/28   7/22 at 100.00 AA 529,760
790   Goodyear, Arizona, Water and Sewer Revenue Obligations, Refunding Subordinate Lien Series 2016, 5.000%, 7/01/45  –  AGM Insured   7/26 at 100.00 AA 925,564
875   Goodyear, Arizona, Water and Sewer Revenue Obligations, Subordinate Lien Series 2020, 4.000%, 7/01/49  –  AGM Insured   7/29 at 100.00 AA 1,001,219
500   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/40   7/27 at 100.00 A- 575,745
735   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 7/01/36   7/26 at 100.00 A- 837,996
760   Guam Power Authority, Revenue Bonds, Series 2014A, 5.000%, 10/01/39   10/24 at 100.00 AA 844,246
450   Lake Havasu City, Arizona, Wastewater System Revenue Bonds, Refunding Senior Lien Series 2015A, 5.000%, 7/01/36  –  AGM Insured   7/25 at 100.00 AA 522,603
800   Mesa, Arizona, Utility System Revenue Bonds, Series 2019A, 5.000%, 7/01/43   7/29 at 100.00 Aa2 994,912
    Mesa, Arizona, Utility System Revenue Bonds, Series 2020:        
500   4.000%, 7/01/42   7/30 at 100.00 Aa2 586,975
500   4.000%, 7/01/43   7/30 at 100.00 Aa2 585,520
1,000   3.000%, 7/01/44   7/30 at 100.00 Aa2 1,074,240
585   Phoenix Civic Improvement Corporation, Arizona, Wastewater System Revenue Bonds, Refunding Junior Lien Series 2014, 5.000%, 7/01/29   7/24 at 100.00 AA+ 670,825
1,040   Phoenix Civic Improvement Corporation, Arizona, Water System Revenue Bonds, Junior Lien Series 2014A, 5.000%, 7/01/39   7/24 at 100.00 AAA 1,182,584
1,325   Phoenix Civic Improvement Corporation, Arizona, Water System Revenue Bonds, Junior Lien Sustainability Series 2020A, 5.000%, 7/01/44   7/30 at 100.00 AAA 1,683,903
1,000   Pima County, Arizona, Sewer System Revenue Obligations, Series 2012A, 5.000%, 7/01/27   7/22 at 100.00 AA 1,061,460
305   Pinal County Electrical District 3, Arizona, Electric System Revenue Bonds, Refunding Series 2016, 5.000%, 7/01/35   7/26 at 100.00 A+ 362,831
10      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$1,420   Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2020A, 5.000%, 7/01/30, 144A   No Opt. Call N/R $1,692,981
    Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Refunding Series 2015A:        
500   5.000%, 12/01/36   6/25 at 100.00 AA+ 583,640
1,000   5.000%, 12/01/45   6/25 at 100.00 AA+ 1,165,010
1,000   Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Refunding Series 2016A, 5.000%, 1/01/38   1/27 at 100.00 AA+ 1,202,340
1,000   Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2019A, 4.000%, 1/01/39   1/30 at 100.00 AA+ 1,193,610
1,805   Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37   No Opt. Call A3 2,493,463
760   Yuma County Industrial Development Authority, Arizona, Exempt Revenue Bonds, Far West Water & Sewer Inc Refunding, Series 2007A, 6.375%, 12/01/37 (AMT)   4/21 at 100.00 N/R 742,550
1,000   Yuma Municipal Property Corporation, Arizona, Utility System Revenue Bonds, Refunding Senior Lien Series 2015, 5.000%, 7/01/28   7/25 at 100.00 AA- 1,178,960
21,435   Total Utilities       25,215,161
$163,254   Total Long-Term Investments (cost $176,119,017)       185,444,592
    Floating Rate Obligations – (0.4)%       (845,000)
    Other Assets Less Liabilities – 5.2%       10,171,892
    Net Assets – 100%       $194,771,484
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
Nuveen Arizona Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(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 $ — $185,444,592 $ — $185,444,592
    
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(5) 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.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
UB Underlying bond of an inverse floating rate trust reflected as a financing transaction. 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.  
12      
Nuveen Colorado Municipal Bond Fund
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 94.3%        
    MUNICIPAL BONDS – 94.3%        
    Education and Civic Organizations – 8.0%        
    Colorado Educational and Cultural Facilities Authority Charter School Revenue Bonds, Monument Academy Charter School Project, Refunding Series 2014:        
$290   4.000%, 10/01/24   No Opt. Call A+ $322,135
720   3.625%, 10/01/29   10/24 at 100.00 A+ 762,314
    Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Aspen Ridge School Project, Series 2015A:        
500   5.000%, 7/01/36, 144A   7/25 at 100.00 BB 539,885
500   5.250%, 7/01/46, 144A   7/25 at 100.00 BB 537,560
1,000   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Belle Creek Charter School, Series 2007A, 4.625%, 3/15/37  –  CIFG Insured   3/21 at 100.00 AA 1,001,970
505   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Community Leadership Academy, Inc Second Campus Project, Series 2013, 7.350%, 8/01/43   8/23 at 100.00 BB+ 559,252
500   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Douglas County School District RE-1 - DCS Montessori School, Refunding & Improvement Series 2012, 4.000%, 7/15/27   7/22 at 100.00 A+ 518,340
    Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Liberty Common Charter School, Series 2014A:        
315   5.000%, 1/15/29   1/24 at 100.00 A+ 344,931
500   5.000%, 1/15/44   1/24 at 100.00 A+ 534,965
450   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Littleton Preparatory Charter School, Series 2013, 5.000%, 12/01/33   12/22 at 100.00 BB+ 467,527
1,000   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Skyview Academy Project, Series 2014, 5.125%, 7/01/34, 144A   7/24 at 100.00 BB 1,071,760
1,000   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, The Classical Academy Project, Refunding Series 2015A, 5.000%, 12/01/38   12/24 at 100.00 A+ 1,110,330
875   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Twin Peaks Charter Academy, Series 2011B, 7.500%, 3/15/35   3/21 at 100.00 BB 878,570
600   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Union Colony School Project, Series 2018, 5.000%, 4/01/38   4/28 at 100.00 Aa3 717,126
1,000   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, University of Northern Colorado Lab School, Refunding & Improvement Series 2015, 5.000%, 12/15/45   12/25 at 100.00 BBB- 1,080,650
230   Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Weld County School District 6 - Frontier Academy, Refunding & Improvement Series 2016, 4.000%, 6/01/21   No Opt. Call A+ 231,824
500   Colorado Educational and Cultural Facilities Authority, Independent School Revenue Bonds, Kent Denver School Project, Series 2016, 5.000%, 10/01/36   10/26 at 100.00 A 585,275
      13
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$500   Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Johnson & Wales University Project, Series 2013A, 5.250%, 4/01/43   4/23 at 100.00 A- $534,270
    Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Pinnacle Charter School, Refunding & Improvement Series 2021A:        
355   4.000%, 12/01/23   No Opt. Call A+ 386,950
370   4.000%, 12/01/24   No Opt. Call A+ 412,998
400   4.000%, 12/01/26   No Opt. Call A+ 463,068
2,000   4.000%, 12/01/50   12/30 at 100.00 A+ 2,273,560
    Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Rocky Mountain Classical Academy Project, Refunding Series 2019:        
255   5.000%, 10/01/49, 144A   10/27 at 100.00 Ba1 276,989
1,000   5.000%, 10/01/59, 144A   10/27 at 100.00 Ba1 1,080,130
1,000   Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University Corporation for Atmospheric Research Project, Refunding Series 2012B, 5.000%, 9/01/33   9/22 at 100.00 A+ 1,048,470
    Colorado Educational and Cultural Facilities Authority, Revenue Bonds, University of Denver, Series 2017A:        
370   4.000%, 3/01/34   3/27 at 100.00 AA- 414,800
1,000   4.000%, 3/01/35   3/27 at 100.00 AA- 1,118,950
400   Colorado Educational and Cultural Facilities Authority, Revenue Bonds, West Ridge Academy Charter School, Refunding & Improvement Series 2019, 5.000%, 6/01/49   6/24 at 100.00 Aa3 432,916
1,000   Colorado Mesa University, Colorado, Enterprise Revenue Bonds, Series 2019B, 5.000%, 5/15/44   5/29 at 100.00 Aa2 1,211,300
3,000   Colorado School of Mines Board of Trustees, Golden, Colorado, Institutional Enterprise Revenue Bonds, Series 2017B, 5.000%, 12/01/42   12/27 at 100.00 A+ 3,566,490
    Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Refunding Series 2016B:        
500   5.000%, 3/01/34   3/27 at 100.00 Aa3 591,285
500   5.000%, 3/01/41   3/27 at 100.00 Aa3 582,480
    Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Refunding Series 2017A:        
1,335   4.000%, 3/01/34   9/27 at 100.00 AA 1,517,214
1,450   4.000%, 3/01/40   9/27 at 100.00 AA 1,620,041
1,500   Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Refunding Series 2017E, 4.000%, 3/01/43   3/28 at 100.00 AA 1,676,070
2,510   Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Refunding Series 2019A, 5.000%, 3/01/49   3/30 at 100.00 AA 3,099,750
2,000   Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Series 2015A, 4.000%, 3/01/35   3/25 at 100.00 Aa3 2,161,540
470   El Paso County, Colorado, Revenue Bonds, The Colorado College Project, Refunding Series 2020A, 5.000%, 6/01/22   No Opt. Call AA 497,782
14      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$1,000   Metropolitan State University of Denver, Colorado, Institutional Enterprise Revenue Bonds, Aerospace and Engineering Sciences Building Project, Series 2016, 4.000%, 12/01/40   12/25 at 100.00 Aa2 $1,093,370
3,410   University of Colorado, Enterprise System Revenue Bonds, Refunding Series 2017A-2, 4.000%, 6/01/36   6/28 at 100.00 Aa1 3,916,283
2,000   University of Northern Colorado at Greeley, Institutional Enterprise System Revenue Bonds, Refunding Series 2015A, 5.000%, 6/01/40   6/25 at 100.00 Aa2 2,259,460
38,810   Total Education and Civic Organizations       43,500,580
    Health Care – 16.9%        
2,220   Colorado Health Facilities Authority, Colorado, Hospital Revenue Bonds, Boulder Community Hospital Project, Series 2012, 5.000%, 10/01/42   10/22 at 100.00 A- 2,326,294
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group, Series 2019A:        
1,760   5.000%, 11/15/37   11/29 at 100.00 AA 2,208,325
3,000   4.000%, 11/15/38   11/29 at 100.00 AA 3,474,090
2,000   4.000%, 11/15/43   11/29 at 100.00 AA 2,284,560
715   Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group, Series 2019B, 5.000%, 11/15/49 (Mandatory Put 11/19/26)   No Opt. Call AA 885,435
1,300   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2016A, 4.000%, 11/15/46   5/26 at 100.00 AA 1,413,399
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2016B:        
110   5.000%, 11/15/28   5/26 at 100.00 AA 131,704
290   5.000%, 11/15/29   5/26 at 100.00 AA 345,178
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2018A:        
2,000   5.000%, 11/15/48   5/28 at 100.00 AA 2,386,660
2,230   4.000%, 11/15/48   5/28 at 100.00 AA 2,481,209
5,825   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2018B, 5.000%, 11/15/48 (Mandatory Put 11/20/25)   No Opt. Call AA 6,991,864
1,000   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health, Sunbelt Obligated Group, Series 2014E, 5.000%, 11/15/29   5/24 at 100.00 AA 1,121,900
1,550   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health, Sunbelt Obligated Group, Series 2016C, 5.000%, 11/15/36 (Mandatory Put 11/15/26)   No Opt. Call AA 1,918,900
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Boulder Community Health Project, Series 2020:        
1,300   5.000%, 10/01/29   No Opt. Call A- 1,664,013
700   5.000%, 10/01/30   No Opt. Call A- 909,118
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Children's Hospital Colorado Project, Series 2016A:        
1,715   5.000%, 12/01/41   6/26 at 100.00 A+ 1,971,958
2,200   5.000%, 12/01/44   6/26 at 100.00 A+ 2,518,076
      15
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1:        
$100   5.000%, 8/01/25   No Opt. Call BBB+ $117,529
5,250   4.000%, 8/01/44   8/29 at 100.00 BBB+ 5,826,292
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2:        
130   5.000%, 8/01/36   8/29 at 100.00 BBB+ 161,045
6,085   5.000%, 8/01/44   8/29 at 100.00 BBB+ 7,370,213
4,000   4.000%, 8/01/49   8/29 at 100.00 BBB+ 4,419,320
1,430   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-2, 5.000%, 8/01/49 (Mandatory Put 8/01/26)   2/26 at 100.00 BBB+ 1,689,717
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center Inc Project, Refunding Series 2017:        
265   5.000%, 9/01/24   No Opt. Call Baa1 302,813
235   5.000%, 9/01/26   No Opt. Call Baa1 283,814
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center, Refunding Series 2015B:        
3,530   5.000%, 9/01/31   9/25 at 100.00 Baa1 4,021,729
1,315   4.000%, 9/01/34   9/25 at 100.00 Baa1 1,420,239
1,250   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center, Series 2020A, 4.000%, 9/01/45   9/30 at 100.00 Baa1 1,390,312
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sanford Health, Series 2019A:        
545   5.000%, 11/01/32   11/29 at 100.00 A+ 700,445
535   5.000%, 11/01/33   11/29 at 100.00 A+ 684,672
500   4.000%, 11/01/39   11/29 at 100.00 A+ 583,410
3,950   5.000%, 11/01/49   11/29 at 100.00 A+ 4,867,743
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, SCL Health System, Refunding Series 2019A:        
470   5.000%, 1/01/25   No Opt. Call AA- 547,733
1,245   5.000%, 1/01/31   1/30 at 100.00 AA- 1,617,554
3,500   4.000%, 1/01/35   1/30 at 100.00 AA- 4,133,395
3,500   Colorado Health Facilities Authority, Colorado, Revenue Bonds, SCL Health System, Refunding Series 2019B, 4.000%, 1/01/40   1/30 at 100.00 AA- 4,058,740
575   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Series 2013A, 5.000%, 1/01/44   1/24 at 100.00 AA- 625,727
2,000   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Valley View Hospital Association, Series 2015, 5.000%, 5/15/45   5/25 at 100.00 A- 2,201,540
16      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Valley View Hospital Association, Series 2017A:        
$225   4.000%, 5/15/33   5/27 at 100.00 A- $250,261
1,340   4.000%, 5/15/34   5/27 at 100.00 A- 1,485,310
1,050   4.000%, 5/15/35   5/27 at 100.00 A- 1,153,709
1,050   Colorado Health Facilities Authority, Revenue Bonds, Vail Valley Medical Center, Series 2015, 5.000%, 1/15/35   1/26 at 100.00 A+ 1,225,276
    Delta County Memorial Hospital District, Colorado, Enterprise Revenue Bonds, Refunding Series 2010:        
515   5.500%, 9/01/25   3/21 at 100.00 BB 516,638
600   5.500%, 9/01/30   3/21 at 100.00 BB 601,536
475   Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2014A, 5.000%, 12/01/39   12/23 at 100.00 BBB 512,568
1,160   University of Colorado Hospital Authority, Colorado, Revenue Bonds, Refunding Series 2019C, 5.000%, 11/15/47 (Mandatory Put 11/15/24)   5/24 at 100.00 AA 1,322,771
3,000   University of Colorado Hospital Authority, Colorado, Revenue Bonds, Series 2017C-2, 5.000%, 11/15/38 (Mandatory Put 3/01/22)   9/21 at 100.00 AA 3,067,440
79,740   Total Health Care       92,192,174
    Housing/Multifamily – 0.0%        
280   Denver City & County Housing Authority, Colorado, Capital Fund Program Revenue Bonds, Three Tower Rehabilitation, Series 2007, 5.200%, 11/01/27  –  AGM Insured (AMT)   3/21 at 100.00 A2 281,016
    Long-Term Care – 1.8%        
500   Colorado Health Facilities Authority, Colorado, Revenue Bonds, American Baptist Homes Project, Series 2016, 6.125%, 2/01/46, 144A   2/26 at 100.00 N/R 507,560
410   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Communities Project, Refunding Series 2012, 5.000%, 1/01/22   No Opt. Call N/R 420,414
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Neighborhoods Project, Refunding Series 2016:        
1,315   5.000%, 1/01/31   1/24 at 102.00 N/R 1,414,835
2,315   5.000%, 1/01/37   1/24 at 102.00 N/R 2,465,868
2,000   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Living Communities & Services, Series 2020A, 4.000%, 12/01/50   12/27 at 103.00 A- 2,204,640
1,000   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Retirement Communities Inc, Refunding Series 2015A, 5.000%, 12/01/35   6/25 at 100.00 A- 1,109,920
300   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project, Refunding & Improvement Series 2017A, 5.250%, 5/15/47   5/27 at 100.00 N/R 346,560
1,430   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Frasier Meadows Project, Refunding & Improvement Series 2017B, 5.000%, 5/15/48   5/23 at 100.00 N/R 1,504,532
9,270   Total Long-Term Care       9,974,329
      17
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General – 11.5%        
    Adams and Weld Counties School District 27J, Brighton, Colorado, General Obligation Bonds, Series 2015:        
$3,090   5.000%, 12/01/29   12/25 at 100.00 AA $3,690,140
250   5.000%, 12/01/40   12/25 at 100.00 AA 294,465
1,000   Arapahoe County School District 6, Littleton, Colorado, General Obligation Bonds, Series 2019A, 5.500%, 12/01/38   12/28 at 100.00 Aa1 1,286,200
    Aspen Fire Protection District, Pitkin County, Colorado, Certificates of Participation, Series 2019:        
500   4.000%, 12/01/31   12/29 at 100.00 A+ 592,110
200   4.000%, 12/01/32   12/29 at 100.00 A+ 235,724
350   4.000%, 12/01/36   12/29 at 100.00 A+ 406,511
150   Boulder Larimer & Weld Counties School District RE-1J Saint Vrain Valley, Colorado, General Obligation Bonds, Series 2016C, 4.000%, 12/15/34   12/26 at 100.00 AA+ 170,841
    Boulder Valley School District RE2, Boulder County, Colorado, General Obligation Bonds, Series 2019A:        
2,475   5.000%, 12/01/33   6/29 at 100.00 AA+ 3,179,286
1,295   4.000%, 12/01/44   6/29 at 100.00 AA+ 1,492,384
    Delta,Colorado, Sales and Use Tax Revenue Bonds, Refunding Series 2019:        
500   5.000%, 12/01/28  –  BAM Insured   No Opt. Call AA 642,560
1,050   4.000%, 12/01/36  –  BAM Insured   12/29 at 100.00 AA 1,228,731
1,000   Denver School District 1, Colorado, General Obligation Bonds, Series 2021, 4.000%, 12/01/45   12/30 at 100.00 AA+ 1,185,160
1,000   Denver, Colorado, General Obligation Bonds, Elevate Denver, Series 2019A, 5.000%, 8/01/28   No Opt. Call AAA 1,289,740
2,040   Eagle River Fire Protection District, Eagle County, Colorado, General Obligation Bonds, Series 2016, 4.000%, 12/01/46  –  AGM Insured   12/26 at 100.00 AA 2,205,566
    Eagle River Water and Sanitation District, Eagle County, Colorado, General Obligation Bonds, Series 2016:        
780   4.500%, 12/01/36   12/26 at 100.00 AA- 893,092
2,500   5.000%, 12/01/45   12/26 at 100.00 AA- 2,953,400
1,345   El Paso County School District 20, Academy, Colorado, General Obligation Bonds, Series 2017, 4.000%, 12/15/40   12/26 at 100.00 Aa1 1,508,189
1,240   El Paso County School District 20, Academy, Colorado, General Obligation Bonds, Series 2020, 5.000%, 12/15/30   12/29 at 100.00 Aa1 1,632,435
260   El Paso County School District 38, Lewis Palmer, Colorado, General Obligation Refunding Bonds, Series 2001, 6.000%, 12/01/21   No Opt. Call Aa1 270,930
    Foothills Park and Recreation District, Subdistrict A, Jefferson County, Colorado, General Obligation Bonds, Refunding Series 2015:        
600   3.250%, 12/01/29  –  AGM Insured   12/25 at 100.00 AA 648,504
440   5.000%, 12/01/30  –  AGM Insured   12/25 at 100.00 AA 520,049
1,275   5.000%, 12/01/31  –  AGM Insured   12/25 at 100.00 AA 1,505,660
18      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$1,300   Fruita, Colorado, Sales and Use Tax Revenue Bonds, Refunding & improvement, Series 2019, 4.000%, 10/01/37   10/27 at 100.00 AA- $1,457,313
    Grand River Hospital District, Garfield and Mesa Counties, Colorado, General Obligation Bonds, Series 2018:        
655   5.250%, 12/01/34  –  AGM Insured   12/28 at 100.00 AA 774,367
1,750   5.250%, 12/01/37  –  AGM Insured   12/28 at 100.00 AA 2,023,858
    Gunnison Watershed School District RE1J, Gunnison and Saguache Counties, Colorado, General Obligation Bonds, Refunding Series 2014A:        
1,000   4.000%, 12/01/32   12/24 at 100.00 Aa1 1,102,860
1,000   4.000%, 12/01/33   12/24 at 100.00 Aa1 1,100,620
595   Ignacio School District 11JT, La Plata County, Colorado, General Obligation Bonds, Refunding Series 2016, 4.000%, 12/01/28   12/26 at 100.00 Aa2 693,235
1,090   Jefferson County School District R1, Colorado, General Obligation Bonds, Series 2020A, 5.000%, 12/15/28   No Opt. Call Aa1 1,420,706
    Larimer County School District R1, Poudre, Colorado, General Obligation Bonds, Refunding Series 2019:        
1,415   5.000%, 12/15/28   No Opt. Call Aa1 1,838,142
1,250   5.000%, 12/15/29   12/28 at 100.00 Aa1 1,615,475
750   Louisville, Boulder County, Colorado, General Obligation Bonds, Limited Tax, Series 2017, 4.000%, 12/01/35   12/26 at 100.00 AA+ 840,570
1,040   Platte Valley Fire Protection District, Colorado, Certificates of Participation, Series 2012, 5.000%, 12/01/46   12/21 at 100.00 A2 1,055,787
    Pueblo County School District 60, Pueblo, Colorado, General Obligation Bonds, Series 2020:        
1,240   5.000%, 12/15/31   12/29 at 100.00 AA 1,622,763
1,000   5.000%, 12/15/34   12/29 at 100.00 AA 1,288,520
1,000   5.000%, 12/15/38   12/29 at 100.00 AA 1,271,570
1,390   Pueblo County School District 70, Pueblo Rural, Colorado, General Obligation Bonds, Improvement Series 2021A, 4.000%, 12/01/32   12/30 at 100.00 AA 1,713,203
450   South Suburban Park and Recreation District, Arapahoe, Douglas, and Jefferson Counties, Colorado, General Obligation Bonds, Series 2019, 4.000%, 12/15/37   12/29 at 100.00 AA 529,128
    Strasburg School District 31J, Adam amd Arapahoe Counties, Colorado, General Obligation Bonds, Series 2021:        
690   5.000%, 12/01/31   12/30 at 100.00 Aa2 917,645
875   5.000%, 12/01/33   12/30 at 100.00 Aa2 1,152,366
    Weld County School District 6, Greeley, Colorado, General Obligation Bonds, Series 2020:        
2,000   5.000%, 12/01/32   12/29 at 100.00 AA 2,612,820
1,500   5.000%, 12/01/44   12/29 at 100.00 AA 1,888,650
3,130   Weld County School District RE1, Colorado, General Obligation Bonds, Series 2017, 5.000%, 12/15/26  –  AGM Insured   No Opt. Call AA 3,873,594
1,400   Weld County School District RE7, Colorado, General Obligation Bonds, Series 2019, 4.000%, 12/01/31   12/29 at 100.00 Aa2 1,695,848
      19
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Westminster Public Schools, Adams County, Colorado, Certificates of Participation, Improvement Series 2020A:        
$200   4.000%, 12/01/27  –  AGM Insured   No Opt. Call AA $235,186
200   4.000%, 12/01/28  –  AGM Insured   No Opt. Call AA 238,152
2,000   Westminster Public Schools, Adams County, Colorado, Certificates of Participation, Series 2019, 5.000%, 12/01/43  –  AGM Insured   12/28 at 100.00 AA 2,397,440
52,260   Total Tax Obligation/General       63,191,495
    Tax Obligation/Limited – 33.8%        
300   Aerotropolis Regional Transportation Authority, Colorado, Special Revenue Bonds, Series 2019, 5.000%, 12/01/51   12/24 at 102.00 N/R 317,331
1,650   Anthem West Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2015, 5.000%, 12/01/35  –  BAM Insured   12/25 at 100.00 AA 1,930,962
500   Arista Metropolitan District, Broomfield County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Convertible to Unlimited Tax Series 2018A, 5.125%, 12/01/48   12/23 at 103.00 N/R 534,600
4,150   Aspen, Colorado, Certificates of Participation, Series 2019, 5.000%, 12/01/48   12/29 at 100.00 Aa1 5,090,431
600   Aurora Crossroads Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Series 2020A, 5.000%, 12/01/40   9/25 at 103.00 N/R 646,872
500   Aviation Station North Metropolitan District 2, Denver County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2019A, 5.000%, 12/01/48   9/24 at 103.00 N/R 530,595
200   Breckenridge, Colorado, Certificates of Participation, Refunding & Improvement Series 2020B, 5.000%, 12/01/28   No Opt. Call Aa2 257,024
1,050   Brighton Crossing Metropolitan District 4, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Series 2017A, 5.000%, 12/01/37   12/22 at 103.00 N/R 1,109,388
515   Brighton Crossing Metropolitan District 6, Brighton, Colorado, Limited Tax General Obligation Bonds, Series 2020A-3, 5.000%, 12/01/40   12/25 at 103.00 N/R 550,756
600   Broadway Park North Metropolitan District 2, Denver, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2020, 3.375%, 12/01/26, 144A   12/25 at 103.00 N/R 628,650
    Buffalo Ridge Metropolitan District (In the City of Commerce City), Adams County, Colorado, General Obligation Refunding and Improvement Bonds, Series 2018A:        
1,020   5.000%, 12/01/34  –  BAM Insured   12/28 at 100.00 AA 1,260,547
1,805   4.000%, 12/01/47  –  BAM Insured   12/28 at 100.00 AA 2,030,715
1,145   Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/47, 144A   12/22 at 103.00 N/R 1,202,135
500   Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2013A, 5.625%, 12/01/38   12/23 at 100.00 BBB 539,930
130   Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2014, 5.000%, 12/01/43   12/23 at 100.00 BB+ 137,350
500   Cherry Creek Corporate Center Metropolitan District, Arapahoe County, Colorado, Revenue Bonds, Refunding Senior Lien Series 2015A, 5.000%, 6/01/37   12/25 at 100.00 N/R 529,150
500   Cherrylane Metropolitan District, Adams County, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Series 2018A, 5.250%, 12/01/47   12/23 at 103.00 N/R 529,535
20      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$1,100   Colorado International Center Metropolitan District 14, Denver, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2018, 5.875%, 12/01/46   12/23 at 103.00 N/R $1,183,996
90   Colorado State Education Loan Program, Tax and Revenue Anticipation Notes, Series 2020B, 4.000%, 6/29/21   No Opt. Call N/R 91,150
2,000   Colorado State, Building Excellent Schools Today, Certificates of Participation, Series 2017J, 5.250%, 3/15/42   3/27 at 100.00 Aa2 2,412,980
    Colorado State, Building Excellent Schools Today, Certificates of Participation, Series 2019O:        
1,000   5.000%, 3/15/30   3/29 at 100.00 Aa2 1,281,100
820   5.000%, 3/15/31   3/29 at 100.00 Aa2 1,045,656
1,000   4.000%, 3/15/44   3/29 at 100.00 Aa2 1,135,380
1,275   Colorado State, Certificates of Participation, Lease Purchase Agreement Department of Transportation Second Amended & Restated Headquaters Facilities, Refunding Series 2020, 4.000%, 6/15/41   6/30 at 100.00 Aa2 1,483,501
1,000   Colorado State, Certificates of Participation, Rural Series 2018A, 4.000%, 12/15/35   12/28 at 100.00 Aa2 1,160,580
    Colorado State, Certificates of Participation, Rural Series 2020A:        
6,250   5.000%, 12/15/30   No Opt. Call Aa2 8,385,687
1,375   5.000%, 12/15/33   12/30 at 100.00 Aa2 1,816,540
1,000   4.000%, 12/15/35   12/30 at 100.00 Aa2 1,203,350
1,085   4.000%, 12/15/37   12/30 at 100.00 Aa2 1,290,282
640   Colorado State, General Fund Tax and Revenue Anticipation Notes, Series 2020, 4.000%, 6/25/21   No Opt. Call N/R 647,898
2,000   Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Refunding Series 2015, 5.000%, 8/01/36  –  BAM Insured   8/25 at 100.00 AA 2,339,240
1,000   Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2014, 5.000%, 8/01/44  –  AGM Insured   8/24 at 100.00 AA 1,122,820
    Commerce City, Colorado, Sales and Use Tax Revenue Bonds, Series 2016:        
1,200   5.000%, 8/01/41   8/26 at 100.00 AA 1,419,936
6,000   5.000%, 8/01/46   8/26 at 100.00 AA 7,058,640
    Copperleaf Metropolitan District 2, Arapahoe County, Colorado, Limited Tax General Obligation Bonds, Refunding Convertible to Unlimited Tax Series 2020:        
375   4.000%, 12/01/26  –  BAM Insured   No Opt. Call AA 441,435
350   4.000%, 12/01/27  –  BAM Insured   No Opt. Call AA 417,816
700   4.000%, 12/01/28  –  BAM Insured   No Opt. Call AA 844,949
900   Cottonwood Highlands Metropolitan District No 1, In the town of Parker, Colorado, Limited Tax, Convertible to Unlimited Tax General Obligation Bonds, Series 2019A, 5.000%, 12/01/49   6/24 at 103.00 N/R 955,224
1,000   Cross Creek Metropolitan District 2, Aurora, Colorado, Unlimited Tax General Obligation Bonds, Refunding Series 2018, 4.000%, 12/01/45  –  AGM Insured   12/28 at 100.00 AA 1,096,980
      21
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Crystal Valley Metropolitan District 2, Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2020A:        
$250   5.000%, 12/01/25  –  AGM Insured   No Opt. Call AA $299,200
225   5.000%, 12/01/26  –  AGM Insured   No Opt. Call AA 276,041
275   5.000%, 12/01/27  –  AGM Insured   No Opt. Call AA 344,135
500   4.000%, 12/01/32  –  AGM Insured   12/30 at 100.00 AA 598,665
500   Cuchares Ranch Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Series 2016A, 5.000%, 12/01/45   12/21 at 103.00 N/R 519,050
971   Cumberland Green Metropolitan District, El Paso County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Series 2015, 5.250%, 12/01/45   12/25 at 100.00 N/R 1,029,114
1,185   Denver City and County School District 1, Colorado, Lease Purchase Program Certificates of Participation, Series 2015B, 5.000%, 12/15/45   12/25 at 100.00 Aa2 1,383,345
2,155   Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Current Interest Series 2018A-1, 5.000%, 8/01/48   8/26 at 100.00 AA 2,521,803
    Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016:        
500   5.000%, 12/01/29   12/26 at 100.00 Baa2 581,925
1,000   5.000%, 12/01/32   12/26 at 100.00 Baa2 1,151,230
2,000   5.000%, 12/01/35   12/26 at 100.00 Baa2 2,282,180
140   Denver Urban Renewal Authority, Colorado, Tax Increment Revenue Bonds, 9th and Colorado Urban Redevelopement Area, Series 2018A, 5.250%, 12/01/39, 144A   12/23 at 103.00 N/R 149,944
500   Denver West Promenade Metropolitan District, Lakewood, Colorado, General Obligtion Bonds, Limited Tax Convertible to Unlimited Tax Series 2013, 5.375%, 12/01/42   6/23 at 100.00 N/R 515,690
1,000   Denver, Colorado, Certificates of Participation, Convention Center Expansion Project, Series 2018A, 4.000%, 6/01/48   6/26 at 100.00 AA+ 1,091,960
1,225   Douglas County School District RE1, Douglas and Elbert Counties, Colorado, General Obligation Bonds, Series 2019, 5.000%, 12/15/38   12/28 at 100.00 Aa1 1,532,352
    Dove Valley Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Refunding Series 2019:        
500   4.000%, 12/01/35   12/29 at 100.00 AA 596,240
700   4.000%, 12/01/36   12/29 at 100.00 AA 831,572
750   4.000%, 12/01/37   12/29 at 100.00 AA 888,105
1,000   4.000%, 12/01/38   12/29 at 100.00 AA 1,176,160
1,000   4.000%, 12/01/39   12/29 at 100.00 AA 1,168,950
1,500   Ebert Metropolitan District, Denver Colorado, Limited Tax General Obligation Bonds, Refunding Series 2018A-1, 5.000%, 12/01/43  –  BAM Insured   12/28 at 100.00 AA 1,821,900
2,000   El Paso County School District 49 Falcon, Colorado, Certificates of Participation, Series 2017B, 5.000%, 12/15/42   12/26 at 100.00 Aa3 2,380,260
1,570   Erie, Colorado, Certificates of Participation, Series 2010, 5.000%, 11/01/37   11/24 at 100.00 AA 1,795,248
22      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    First Creek Village Metropolitan District, Denver, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Series 2019A:        
$500   3.000%, 12/01/29   9/24 at 103.00 Ba1 $531,055
595   5.000%, 12/01/39   9/24 at 103.00 Ba1 654,827
    Flying Horse Metropolitan District 2, El Paso County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Series 2020A:        
325   4.000%, 12/01/22  –  AGM Insured   No Opt. Call AA 345,290
600   4.000%, 12/01/39  –  AGM Insured   12/30 at 100.00 AA 706,092
500   Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014, 6.000%, 12/01/38   12/24 at 100.00 N/R 525,205
    Fraser Valley Metropolitan Recreation District, Grand County, Colorado, General Obligation Bonds, Refunding Series 2020:        
500   2.000%, 12/01/24   No Opt. Call AA 524,515
375   2.000%, 12/01/25   No Opt. Call AA 395,918
400   2.000%, 12/01/26   No Opt. Call AA 423,752
325   4.000%, 12/01/27   No Opt. Call AA 384,716
520   4.000%, 12/01/29   No Opt. Call AA 627,136
    Fronterra Village Metropolitan District 2, Commerce City, Adams County, Colorado, Limited Tax General Obligation Bonds, Refunding Series 2019:        
120   4.000%, 12/01/22  –  BAM Insured   No Opt. Call AA 127,123
275   4.000%, 12/01/23  –  BAM Insured   No Opt. Call AA 300,460
800   Glen Metropolitan District 1, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2016A, 4.500%, 12/01/45  –  BAM Insured   12/25 at 100.00 AA 884,816
    Grand Junction, Colorado, Certificates of Participation, Series 2019:        
475   4.000%, 12/01/35   12/29 at 100.00 AA- 562,177
670   4.000%, 12/01/37   12/29 at 100.00 AA- 787,431
    Grand Junction, Colorado, Certificates of Participation, Series 2021:        
500   4.000%, 12/01/40   12/30 at 100.00 AA- 591,470
1,005   4.000%, 12/01/45   12/30 at 100.00 AA- 1,171,639
2,535   Grand Junction, Colorado, General Fund Revenue Bonds, Improvement Series 2020B, 4.000%, 3/01/49   3/30 at 100.00 AA 2,928,001
    Gunnison County, Colorado, Certificates of Participation, Series 2020A:        
375   5.000%, 12/01/28   No Opt. Call Aa3 473,981
555   5.000%, 12/01/30   12/29 at 100.00 Aa3 708,346
635   5.000%, 12/01/31   12/29 at 100.00 Aa3 806,291
335   Harvest Junction Metropolitan District, Longmont, Colorado, General Obligation Bonds, Refunding and Improvement Series 2012, 5.200%, 12/01/32   12/22 at 100.00 N/R 350,296
1,000   Heritage Todd Creek Metropolitan District, Colorado, General Obligation Bonds Limited Tax, Refunding & Improvement Series 2015, 6.125%, 12/01/44   12/24 at 100.00 N/R 1,076,800
1,125   High Plains Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Refunding Series 2017, 5.000%, 12/01/35  –  NPFG Insured   12/27 at 100.00 Baa2 1,327,680
      23
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$380   Jefferson Center Metropolitan District 1, Arvada, Jefferson County, Colorado, Special Revenue Bonds, Series 2020-A2, 4.125%, 12/01/40   12/23 at 103.00 Ba2 $401,504
500   Lambertson Farms Metropolitan District 1, Colorado, Revenue Bonds, Refunding & Improvement Series 2015, 5.000%, 12/15/25   12/23 at 100.00 N/R 457,055
2,875   Larimer, Weld and Boulder Counties School District R2-J, Thompson, Colorado, General Obligation Bonds, Series 2019, 5.000%, 12/15/31   12/28 at 100.00 AA 3,693,397
500   Leyden Rock Metropolitan District No 10, In the City of Arvada, Colorado, Limited Tax General Obligation Bonds, Refunding and Improvement Series 20016A, 5.000%, 12/01/45   12/21 at 103.00 N/R 520,155
    Lincoln Park Metropolitan District, Douglas County, Colorado, Limited Tax General Obligation and Improvement Bonds, Refunding Series 2018:        
460   5.000%, 12/01/42  –  AGM Insured   12/27 at 100.00 AA 541,461
2,000   5.000%, 12/01/46  –  AGM Insured   12/27 at 100.00 AA 2,338,940
1,100   Longmont, Colorado, Open Space Sales and Use Tax Revenue Bonds, Refunding & Improvement Series 2020, 4.250%, 11/15/22  –  AGM Insured   No Opt. Call AA 1,171,984
1,660   Longmont, Colorado, Sales and Use Tax Revenue Bonds, Series 2019, 3.000%, 11/15/33   11/28 at 100.00 AA+ 1,803,806
    Lorson Ranch Metropolitan District 2, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2016:        
825   5.000%, 12/01/36   12/26 at 100.00 BBB+ 953,857
1,805   5.000%, 12/01/41   12/26 at 100.00 BBB+ 2,063,909
650   Meridian Metropolitan District, Douglas County, Colorado, General Obligation Refunding Bonds, Series 2017, 5.000%, 12/01/42  –  AGM Insured   12/27 at 100.00 AA 771,842
1,000   Montrose County, Colorado, Certificates of Participation, Series 2014, 5.000%, 12/01/34   12/24 at 100.00 BBB+ 1,060,730
    Monument, El Paso County, Colorado, Certificate of Participation, Series 2020:        
505   4.000%, 12/01/23  –  AGM Insured   No Opt. Call AA 550,884
1,000   4.000%, 12/01/45  –  AGM Insured   12/28 at 100.00 AA 1,097,710
500   Mountain Shadows Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Refunding Series 2016, 5.000%, 12/01/46   12/25 at 100.00 N/R 527,165
500   Mountain Shadows Metropolitan District, Weld County, Colorado, Limited Tax General Obligation Bonds, Series 2015, 5.500%, 12/01/44   12/25 at 100.00 N/R 531,805
725   North Range Metropolitan District 2, Adams County, Colorado , Limited Tax General Obligation Bonds, Refunding Special Revenue & Improvement Series 2017A, 5.625%, 12/01/37   12/22 at 103.00 N/R 769,341
    Northglenn Urban Renewal Authority, Northglenn, Colorado, Tax Increment Revenue Bonds, Urban Renewal Plan 2, Series 2019:        
235   4.000%, 12/01/27   No Opt. Call BBB- 266,575
305   4.000%, 12/01/28   No Opt. Call BBB- 347,078
755   Painted Prairie Public Improvement Authority, Aurora, Colorado, Special Revenue Bonds, Series 2019, 5.000%, 12/01/49   12/24 at 103.00 N/R 813,460
    Park 70 Metropolitan District, Aurora, Colorado, General Obligation Bonds, Limited Tax Refunding & Improvement Series 2016:        
125   5.000%, 12/01/24   No Opt. Call Baa3 142,635
1,500   5.000%, 12/01/36   12/26 at 100.00 Baa3 1,712,460
24      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A:        
$1,055   5.000%, 12/01/33  –  NPFG Insured   12/25 at 100.00 A $1,226,195
235   5.000%, 12/01/45   12/25 at 100.00 A 265,404
2,250   Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Series 2017A, 5.000%, 12/01/46   12/25 at 100.00 A 2,540,025
1,225   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 1,324,482
    Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Series 2019A:        
200   5.000%, 12/01/28  –  AGM Insured   No Opt. Call AA 257,024
200   5.000%, 12/01/29  –  AGM Insured   No Opt. Call AA 261,572
2,235   4.000%, 12/01/38  –  AGM Insured   12/29 at 100.00 AA 2,628,718
2,000   4.000%, 12/01/46  –  AGM Insured   12/29 at 100.00 AA 2,306,340
    Parker, Colorado, Certificates of Participation, Refunding Series 2019:        
225   5.000%, 11/01/24   No Opt. Call AA 261,250
245   5.000%, 11/01/25   No Opt. Call AA 293,111
275   5.000%, 11/01/26   No Opt. Call AA 338,382
320   5.000%, 11/01/27   5/27 at 100.00 AA 396,128
400   5.000%, 11/01/28   5/27 at 100.00 AA 491,812
1,500   Plaza Metropolitan District 1, Lakewood, Colorado, Tax Increment Revenue Bonds, Refunding Series 2013, 5.000%, 12/01/40, 144A   12/22 at 100.00 N/R 1,543,665
    Poudre Tech Metro District, Colorado, Unlimited Property Tax Supported Revenue Bonds, Refunding Series 2020:        
165   3.000%, 12/01/21  –  AGM Insured   No Opt. Call AA 167,935
275   3.000%, 12/01/25  –  AGM Insured   No Opt. Call AA 298,966
400   3.000%, 12/01/26  –  AGM Insured   No Opt. Call AA 436,692
330   3.000%, 12/01/28  –  AGM Insured   No Opt. Call AA 361,175
500   Powhaton Road Metropolitan District 2, Arapahoe County, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Series 2019A, 5.625%, 12/01/48   12/23 at 103.00 N/R 534,495
    Pueblo County, Colorado, Certificates of Participation, Community Improvement Projects, Series 2019:        
1,150   4.000%, 12/01/31   12/27 at 100.00 Aa3 1,328,066
1,235   4.000%, 12/01/32   12/27 at 100.00 Aa3 1,420,843
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
2,512   4.500%, 7/01/34   7/25 at 100.00 N/R 2,741,622
1,000   4.750%, 7/01/53   7/28 at 100.00 N/R 1,091,430
2,500   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 2,963,425
400   Red Sky Ranch Metropolitan District, Eagle County, Colorado, General Obligation Bonds, Refunding & Improvement Series 2015, 5.000%, 12/01/44   12/24 at 100.00 N/R 416,880
      25
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$2,500   Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project, Series 2016A, 5.000%, 11/01/46   11/26 at 100.00 AA+ $2,945,675
2,385   Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project, Series 2017B, 4.000%, 11/01/35   11/27 at 100.00 AA+ 2,741,224
500   Reserve Metropolitan District 2, Mount Crested Butte, Colorado, Limited Tax General Obligation Bonds, Refunding Series 2016A, 5.000%, 12/01/45   12/26 at 100.00 N/R 532,550
190   Sand Creek Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Refunding Series 2015A, 4.000%, 12/01/28   12/25 at 100.00 A 213,881
500   Sand Creek Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Refunding Series 2020A, 4.000%, 12/01/25  –  AGM Insured   No Opt. Call AA 568,870
2,000   Sierra Ridge Metropolitan District 2, Douglas County, Colorado, General Obligation Bonds, Limited Tax Series 2016A, 5.500%, 12/01/46   12/21 at 103.00 N/R 2,082,340
600   Silver Peaks Metropolitan District 3, Colorado, Limited Tax Obligation Bonds, Senior Lien Series 2020A, 5.000%, 12/01/50   12/25 at 103.00 N/R 626,580
    South Suburban Park and Recreation District, Colorado, Certificates of Participation, Series 2019:        
1,180   4.000%, 12/15/37   12/28 at 100.00 AA- 1,324,503
2,270   4.000%, 12/15/38   12/28 at 100.00 AA- 2,541,129
200   Southlands Metropolitan District 1, Colorado, Limited Tax General Obligation Bonds, Series 2017A-1, 5.000%, 12/01/37   12/27 at 100.00 Ba1 225,840
350   Southlands Metropolitan District 1, Colorado, Limited Tax General Obligation Bonds, Series 2017A-2, 5.000%, 12/01/47   12/27 at 100.00 Ba1 388,840
500   Southwest Timnath Metropolitan District 4, Timnath, Larimer County, Colorado, Limited Tax General Obligation Bonds, Series 2017A, 5.375%, 12/01/47   12/22 at 103.00 N/R 525,660
500   STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Refunding & improvement Series 2019A, 5.000%, 12/01/49   12/24 at 103.00 N/R 535,595
750   Sterling Hills West Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Refunding & Improvement Series 2007, 5.000%, 12/01/39   12/27 at 100.00 A3 878,692
500   Sterling Ranch Community Authority Board, Douglas County, Colorado, Limited Tax Supported District 2, Refunding & Improvement Senior Series 2020A, 3.375%, 12/01/30   12/25 at 102.00 N/R 540,845
150   Stoneridge Metropolitan District, Colorado, General Obligation Bonds, Limited Tax Refunding & Improvement Series 2016, 4.250%, 12/01/28  –  BAM Insured   12/26 at 100.00 AA 175,118
    Tallyn's Reach Metropolitan District 3, Aurora, Colorado, General Obligation Bonds, Refunding Series 2019:        
125   5.000%, 12/01/24  –  BAM Insured   No Opt. Call AA 144,378
200   4.000%, 12/01/27  –  BAM Insured   No Opt. Call AA 236,462
150   4.000%, 12/01/28  –  BAM Insured   No Opt. Call AA 179,711
225   5.000%, 12/01/29  –  BAM Insured   No Opt. Call AA 290,819
435   5.000%, 12/01/30  –  BAM Insured   12/29 at 100.00 AA 558,053
460   5.000%, 12/01/31  –  BAM Insured   12/29 at 100.00 AA 587,958
250   5.000%, 12/01/32  –  BAM Insured   12/29 at 100.00 AA 317,365
250   5.000%, 12/01/33  –  BAM Insured   12/29 at 100.00 AA 316,250
26      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$750   Thompson Crossing Metropolitan District 2, Johnstown, Larimer County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Series 2016B, 5.000%, 12/01/46  –  AGM Insured   12/26 at 100.00 AA $877,500
1,640   Thompson Crossing Metropolitan District 6, Larimer County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Convertible to Unlimited Tax Series 2020, 5.000%, 12/01/40, 144A   12/30 at 100.00 Ba2 1,938,168
770   Thornton Development Authority, Colorado, Tax Increment Revenue Bonds, North Washington Street Corridor Project, Refunding Series 2015, 3.250%, 12/01/28   12/24 at 100.00 A+ 817,070
2,000   Triview Metropolitan District 4, El Paso County, Colorado, General Obligation Bonds, Limited Tax Series 2018, 5.750%, 12/01/48, 144A   12/23 at 103.00 N/R 2,139,480
    Vauxmont Metropolitan District, Arvada, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Convertible to Unlimited Tax Refunding Subordinate Series 2019:        
135   5.000%, 12/15/26  –  AGM Insured   12/24 at 103.00 AA 157,514
250   5.000%, 12/15/27  –  AGM Insured   12/24 at 103.00 AA 290,308
225   5.000%, 12/15/29  –  AGM Insured   12/24 at 103.00 AA 259,000
    Vista Ridge Metropolitan District, In the Town of Erie, Weld County, Colorado, General Obligation Refunding Bonds, Series 2016A:        
525   5.000%, 12/01/28  –  BAM Insured   12/26 at 100.00 AA 642,778
1,250   5.000%, 12/01/31  –  BAM Insured   12/26 at 100.00 AA 1,497,925
500   4.000%, 12/01/36  –  BAM Insured   12/26 at 100.00 AA 557,470
    Water Valley Metropolitan District 1, Colorado, General Obligation Bonds, Refunding Series 2016:        
105   3.250%, 12/01/24   No Opt. Call N/R 108,943
1,000   4.000%, 12/01/33   12/26 at 100.00 N/R 1,036,330
300   5.000%, 12/01/35   12/26 at 100.00 N/R 325,014
645   5.250%, 12/01/40   12/26 at 100.00 N/R 700,470
130   Water Valley Metropolitan District 2, Windsor, Colorado, General Obligation Bonds, Refunding Series 2016, 3.000%, 12/01/22   No Opt. Call N/R 131,659
600   Westerly Metropolitan District 4, Weld County, Colorado, General Obligation Limited Tax Bonds, Series 2021A-1, 4.125%, 12/01/31   3/26 at 103.00 N/R 598,680
    Westminster, Colorado, Certificates of Participation, Series 2015A:        
1,500   5.000%, 12/01/35   12/25 at 100.00 AA 1,766,790
1,000   4.000%, 12/01/38   12/25 at 100.00 AA 1,089,520
    Wheatlands Metropolitan District 2, Aurora, Arapahoe County, Colorado, General Obligation Bonds, Refunding Series 2015:        
1,000   5.000%, 12/01/30  –  BAM Insured   12/25 at 100.00 AA 1,181,420
1,595   4.000%, 12/01/38  –  BAM Insured   12/25 at 100.00 AA 1,741,565
500   Wildgrass Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2014A, 4.000%, 12/01/34  –  BAM Insured   12/24 at 100.00 AA 542,830
160,643   Total Tax Obligation/Limited       185,123,359
      27
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation – 6.3%        
$1,000   Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds, Senior Lien Series 2017, 5.000%, 12/31/56   12/24 at 100.00 BBB $1,118,300
500   Colorado High Performance Transportation Enterprise, US 36 and I-25 Managed Lanes Revenue Bonds, Senior Lien Series 2014, 5.750%, 1/01/44 (AMT)   1/23 at 100.00 BBB- 538,785
1,750   Denver City and County, Colorado, Airport System Revenue Bonds, Series 2017A, 5.000%, 11/15/29 (AMT)   11/27 at 100.00 AA- 2,144,835
1,000   Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B, 5.250%, 11/15/33   11/23 at 100.00 A+ 1,120,950
    Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A:        
1,905   5.000%, 12/01/27 (AMT)   No Opt. Call A+ 2,374,106
1,510   5.000%, 12/01/28 (AMT)   No Opt. Call A+ 1,912,370
2,000   5.000%, 12/01/37 (AMT)   12/28 at 100.00 A+ 2,412,160
4,305   5.000%, 12/01/43 (AMT)   12/28 at 100.00 A+ 5,116,622
4,000   5.000%, 12/01/48 (AMT)   12/28 at 100.00 A+ 4,723,520
1,000   Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018B, 5.000%, 12/01/37   12/28 at 100.00 A+ 1,230,170
500   Denver City and County, Colorado, Special Facilities Airport Revenue Bonds, United Airlines, Inc Project, Refunding Series 2017, 5.000%, 10/01/32 (AMT)   10/23 at 100.00 B 531,040
1,975   E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%, 9/01/22  –  NPFG Insured   No Opt. Call A 1,962,419
750   Eagle County Air Terminal Corporation, Colorado, Airport Terminal Project Revenue Bonds, Refunding Series 2011A, 6.000%, 5/01/27 (AMT)   5/21 at 100.00 Baa2 750,247
    Grand Junction Regional Airport Authority, Colorado, General Airport Revenue Bonds, Refunding Series 2016A:        
680   5.000%, 12/01/25  –  NPFG Insured   No Opt. Call Baa2 799,564
965   5.000%, 12/01/27  –  NPFG Insured   12/26 at 100.00 Baa2 1,152,596
1,215   5.000%, 12/01/32   12/26 at 100.00 A3 1,417,310
1,275   5.000%, 12/01/33   12/26 at 100.00 A3 1,482,927
1,000   5.000%, 12/01/34   12/26 at 100.00 A3 1,160,700
2,000   Regional Transportation District, Colorado, Private Activity Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A, 4.000%, 1/15/33   1/31 at 100.00 A- 2,379,780
29,330   Total Transportation       34,328,401
    U.S. Guaranteed – 4.6% (4)        
    Colorado Health Facilities Authority, Colorado, Health Facilities Revenue Bonds, The Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2017:        
50   5.000%, 6/01/37 (Pre-refunded 6/01/27)   6/27 at 100.00 N/R 62,357
1,585   5.000%, 6/01/42 (Pre-refunded 6/01/27)   6/27 at 100.00 N/R 1,976,701
3,535   Colorado Health Facilities Authority, Colorado, Hospital Revenue Bonds, NCMC Inc, Series 2016, 4.000%, 5/15/32 (Pre-refunded 5/15/26)   5/26 at 100.00 N/R 4,127,996
1,460   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2009B, 5.000%, 7/01/38 (Pre-refunded 11/09/22)   11/22 at 100.00 BBB+ 1,575,311
28      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (4) (continued)        
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2013A:        
$1,510   5.250%, 1/01/40 (Pre-refunded 1/01/23)   1/23 at 100.00 BBB+ $1,644,888
2,000   5.250%, 1/01/45 (Pre-refunded 1/01/23)   1/23 at 100.00 BBB+ 2,180,580
1,000   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Retirement Communities Inc, Refunding Series 2012A, 5.000%, 12/01/33 (Pre-refunded 12/01/22)   12/22 at 100.00 A- 1,083,490
640   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2012, 5.000%, 12/01/42 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R 678,413
1,085   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013, 5.625%, 6/01/43 (Pre-refunded 6/01/23)   6/23 at 100.00 N/R 1,214,820
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013A:        
450   5.000%, 6/01/35 (Pre-refunded 6/01/25)   6/25 at 100.00 N/R 533,322
3,000   5.000%, 6/01/45 (Pre-refunded 6/01/25)   6/25 at 100.00 N/R 3,555,480
    Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Series 2013C:        
675   5.000%, 3/01/44 (Pre-refunded 3/01/23)   3/23 at 100.00 N/R 738,835
625   5.000%, 3/01/44 (Pre-refunded 3/01/23)   3/23 at 100.00 Aa3 684,769
715   Colorado Water Resources and Power Development Authority, Small Water Resources Program Revenue Bonds, City of Fountain Utility Enterprise Project, Series 2011A, 5.000%, 9/01/36 (Pre-refunded 9/01/21)  –  AGM Insured   9/21 at 100.00 AA 732,160
500   Colorado Water Resources and Power Development Authority, Water Resources Revenue Bonds, Donala Water and Sanitation District Project, Series 2011C, 5.000%, 9/01/36 (Pre-refunded 9/01/21)   9/21 at 100.00 AA- 512,125
550   Eaton Area Park and Recreation District, Colorado, General Obligation Limited Tax Bonds, Series 2015, 5.250%, 12/01/34 (Pre-refunded 12/01/22)   12/22 at 100.00 N/R 597,305
500   Forest Trace Metropolitan District 3, Aurora City, Arapahoe County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Series 2016A, 5.000%, 12/01/46 (Pre-refunded 12/01/21)   12/21 at 103.00 N/R 533,005
500   Parker Homestead Metropolitan District, Parker, Douglas County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding & Improvement Series 2016, 5.625%, 12/01/44 (Pre-refunded 12/01/21)   12/21 at 103.00 N/R 533,950
1,111   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 1,234,854
645   University of Colorado, Enterprise System Revenue Bonds, Refunding Series 2014B-1, 4.000%, 6/01/34 (Pre-refunded 6/01/24)   6/24 at 100.00 Aa1 720,723
22,136   Total U.S. Guaranteed       24,921,084
      29
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities – 11.4%        
    Arapahoe County Water and Wastewater Authority, Colorado, Revenue Bonds, Refunding Series 2019:        
$3,000   4.000%, 12/01/36   12/29 at 100.00 AA $3,604,380
2,500   4.000%, 12/01/38   12/29 at 100.00 AA 2,985,025
3,940   Centennial Water and Sanitation District, Douglas County, Colorado, Water and Wastewater Revenue Bonds, Series 2019, 5.000%, 12/01/43   12/28 at 100.00 AAA 4,833,080
645   Cherokee Metropolitan District, Colorado, Water and Wastewater Revenue Bonds, Series 2020, 4.000%, 8/01/45  –  BAM Insured   8/30 at 100.00 AA 750,148
500   Colorado Springs, Colorado, Utilities System Revenue Bonds, Improvement Series 2020B, 5.000%, 11/15/26   No Opt. Call AA+ 620,895
6,840   Colorado Springs, Colorado, Utilities System Revenue Bonds, Refunding Improvement Series 2020C, 5.000%, 11/15/50   11/30 at 100.00 AA+ 8,664,775
500   Colorado Springs, Colorado, Utilities System Revenue Bonds, Refunding Series 2015A, 4.000%, 11/15/35   11/25 at 100.00 AA+ 558,290
765   Colorado Water Resources and Power Development Authority, Water Resources Revenue Bonds, City of Fountain, Electric, Water & Wastewater Utility Enterprise Project, Series 2014A, 4.000%, 9/01/32  –  BAM Insured   9/24 at 100.00 AA 823,959
1,000   Colorado Water Resources and Power Development Authority, Water Resources Revenue Bonds, Steamboat Springs Utilities Fund, Series 2011B, 4.125%, 8/01/26   8/21 at 100.00 Aa3 1,013,470
    Colorado Water Resources and Power Development Authority, Water Resources Revenue Bonds, Telluride Town Project, Series 2020A:        
240   4.000%, 6/01/29  –  AGM Insured   No Opt. Call AA 280,186
1,090   4.000%, 6/01/35  –  AGM Insured   6/30 at 100.00 AA 1,252,846
1,250   Denver City and County Board of Water Commissioners, Colorado, Water Revenue Bonds, Green Series 2017A, 4.000%, 9/15/42   9/27 at 100.00 AAA 1,409,975
455   Eagle River Water and Sanitation District, Eagle County, Colorado, Enterprise Wastewater Revenue Bonds, Improvement Series 2020A, 4.000%, 12/01/49  –  AGM Insured   12/29 at 100.00 AA 521,421
1,200   East Cherry Creek Valley Water and Sanitation District, Arapahoe County, Colorado, Water Revenue Bonds, Improvement Series 2019A, 4.000%, 11/15/39   11/29 at 100.00 AA- 1,383,204
    East Cherry Creek Valley Water and Sanitation District, Arapahoe County, Colorado, Water Revenue Bonds, Refunding Series 2015:        
650   5.000%, 11/15/32   11/25 at 100.00 AA- 762,411
1,815   4.000%, 11/15/35   11/25 at 100.00 AA- 1,996,155
    East Cherry Creek Valley Water and Sanitation District, Arapahoe County, Colorado, Water Revenue Bonds, Refunding Series 2020:        
435   5.000%, 11/15/30   5/30 at 100.00 AA- 574,209
400   4.000%, 11/15/34   5/30 at 100.00 AA- 478,736
220   4.000%, 11/15/35   5/30 at 100.00 AA- 262,361
    Erie, Boulder and Weld Counties, Colorado, Water Enterprise Revenue Bonds, Refunding Series 2015:        
500   3.000%, 12/01/29   12/25 at 100.00 AA 539,720
570   4.000%, 12/01/31   12/25 at 100.00 AA 642,806
30      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
    Firestone, Colorado, Water Enterprise Revenue Bones, Series 2020:        
$500   5.000%, 12/01/29  –  BAM Insured   No Opt. Call AA $651,525
500   5.000%, 12/01/31  –  BAM Insured   12/30 at 100.00 AA 659,620
340   4.000%, 12/01/40  –  BAM Insured   12/30 at 100.00 AA 400,544
    Fort Lupton, Colorado, Water System Revenue Bonds, Refunding & Improvement Series 2017:        
1,140   4.000%, 12/01/42  –  AGM Insured   12/27 at 100.00 AA 1,270,678
2,430   5.000%, 12/01/47  –  AGM Insured   12/27 at 100.00 AA 2,890,825
    Fountain, El Paso County, Colorado, Acting by and through the City of Fountain Electric, Water and Wastewater Utility Enterprise, Water and Electric Revenue Bonds, Series 2019:        
455   5.000%, 12/01/26  –  AGM Insured   No Opt. Call AA 559,363
320   4.000%, 12/01/35  –  AGM Insured   12/26 at 100.00 AA 355,498
525   4.000%, 12/01/37  –  AGM Insured   12/26 at 100.00 AA 580,136
350   Little Thompson Water District, Colorado, Water Revenue Bonds, Series 2020, 4.000%, 12/01/50   12/30 at 100.00 AA- 414,554
2,000   Loveland, Colorado, Electric and Communications Enterprise Revenue Bonds, Series 2019A, 5.000%, 12/01/44   12/28 at 100.00 A+ 2,422,680
775   Metropolitan Wastewater Reclamation District, Colorado, Sewer Revenue Bonds, Refunding Series 2019A, 5.000%, 4/01/23   No Opt. Call AAA 851,802
    Morgan County Quality Water District, Morgan and Washington Counties, Colorado, Water Revenue Bonds, Series 2020:        
250   3.000%, 12/01/24  –  AGM Insured   No Opt. Call AA 271,688
250   4.000%, 12/01/31  –  AGM Insured   12/30 at 100.00 AA 303,645
325   4.000%, 12/01/33  –  AGM Insured   12/30 at 100.00 AA 390,159
285   4.000%, 12/01/36  –  AGM Insured   12/30 at 100.00 AA 338,013
1,000   4.000%, 12/01/45  –  AGM Insured   12/30 at 100.00 AA 1,154,370
1,115   North Weld County Water District, Colorado, Water Enterprise Revenue Bonds, Series 2019, 4.000%, 11/01/30   11/27 at 100.00 AA 1,306,847
    Northglenn, Colorado, Wastewater Revenue Bonds, Series 2021:        
300   4.000%, 12/01/26  –  BAM Insured   No Opt. Call AA 353,148
300   4.000%, 12/01/32  –  BAM Insured   12/30 at 100.00 AA 369,756
2,025   4.000%, 12/01/45  –  BAM Insured   12/30 at 100.00 AA 2,399,949
    Parker Water and Sanitation District, Douglas County, Colorado, Water and Sewer Enterprise Revenue Bonds, Refunding & Improvement Series 2020:        
745   4.000%, 11/01/38   11/29 at 100.00 AA+ 875,300
300   4.000%, 11/01/40   11/29 at 100.00 AA+ 350,667
730   4.000%, 11/01/42   11/29 at 100.00 AA+ 848,004
500   4.000%, 11/01/44   11/29 at 100.00 AA+ 577,745
1,295   Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs Utilities, Series 2008, 6.250%, 11/15/28   No Opt. Call A+ 1,616,095
      31
Nuveen Colorado Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$525   Stonegate Village Metropolitan District, Colorado, Water Enterprise Revenue Bonds, Series 2015, 5.000%, 12/01/45  –  AGC Insured   12/22 at 100.00 AA $561,414
    Triview Metropolitan District, El Paso County, Colorado, Water and Wastewater Enterprise Revenue Bonds, Green Series 2020:        
110   5.000%, 12/01/28  –  BAM Insured   No Opt. Call AA 139,035
200   5.000%, 12/01/29  –  BAM Insured   12/28 at 100.00 AA 249,852
1,000   4.000%, 12/01/40  –  BAM Insured   12/28 at 100.00 AA 1,113,840
    Triview Metropolitan District, El Paso County, Colorado, Water and Wastewater Enterprise Revenue Bonds, Series 2020B:        
1,250   4.000%, 12/01/45  –  BAM Insured   12/30 at 100.00 AA 1,427,662
1,450   4.000%, 12/01/50  –  BAM Insured   12/30 at 100.00 AA 1,648,331
1,000   Upper Eagle Regional Water Authority, Eagle County, Colorado, Water Revenue Bonds, Refunding & Improvement Series 2020, 4.000%, 12/01/45  –  AGM Insured   12/30 at 100.00 AA 1,161,030
52,805   Total Utilities       62,471,827
$445,274   Total Long-Term Investments (cost $489,759,817)       515,984,265
    
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    SHORT-TERM INVESTMENTS – 4.1%        
    MUNICIPAL BONDS – 4.1%        
    Health Care – 2.0%        
$5,180   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Children's Hospital Colorado Project, Variable Rate Demand Obligations, Refunding Series 2020A, 0.010%, 12/01/52 (Mandatory Put 2/25/21) (5)   2/21 at 100.00 A-1+ $5,180,000
5,875   University of Colorado Hospital Authority, Colorado, Revenue Bonds, Variable Rate Series 2018B, 0.030%, 11/15/35 (Mandatory Put 3/04/21) (5)   3/21 at 100.00 A-1+ 5,875,000
11,055   Total Health Care       11,055,000
    Tax Obligation/Limited – 1.1%        
2,370   Denver, Colorado, Certificates of Participation, Denver Botanic Gardens Parking, Series 2008B, Variable Rate Demand Obligations, 0.010%, 12/01/29 (Mandatory Put 2/26/21) (5)   2/21 at 100.00 A-1 2,370,000
3,505   Denver, Colorado, Certificates of Participation, Wellington E Webb Municipal Office Building, Refunding Series 2008A-1, Variable Rate Demand Obligations, 0.010%, 12/01/29 (Mandatory Put 2/26/21) (5)   2/21 at 100.00 A-1 3,505,000
5,875   Total Tax Obligation/Limited       5,875,000
    Utilities – 1.0%        
5,270   Colorado Springs, Colorado, Utilities System Revenue Bonds, Improvement Variable Rate Series 2010C, 0.020%, 11/01/40 (Mandatory Put 3/05/21) (5)   2/21 at 100.00 A-1 5,270,000
$22,200   Total Short-Term Investments (cost $22,200,000)       22,200,000
    Total Investments (cost $511,959,817) – 98.4%       538,184,265
    Other Assets Less Liabilities – 1.6%       8,879,128
    Net Assets – 100%       $547,063,393
32      
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $515,984,265 $ — $515,984,265
Short-Term Investments:        
Municipal Bonds  — 22,200,000  — 22,200,000
Total $ — $538,184,265 $ — $538,184,265
    
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(5) Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
      33
Nuveen New Mexico Municipal Bond Fund
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 96.7%        
    MUNICIPAL BONDS – 96.7%        
    Consumer Staples  – 1.1%        
    Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1:        
$65   4.000%, 6/01/48   6/30 at 100.00 BBB+ $72,661
1,000   3.000%, 6/01/48   6/30 at 100.00 BBB+ 1,014,540
1,065   Total Consumer Staples       1,087,201
    Education and Civic Organizations – 5.7%        
2,235   Los Ranchos de Albuquerque, New Mexico, Educational Facilities Revenue Bonds, Albuquerque Acadamy Project, Refunding Series 2020, 4.000%, 9/01/40   9/30 at 100.00 A- 2,492,472
1,400   New Mexico Institute of Mining and Technology, Revenue Bonds, Series 2011, 5.000%, 7/01/31   7/21 at 100.00 A+ 1,420,916
700   New Mexico Institute of Mining and Technology, Revenue Bonds, Series 2019, 4.000%, 12/01/40  –  AGM Insured   12/29 at 100.00 AA 784,952
500   New Mexico State University, Revenue Bonds, Refunding & Improvement Series 2017A, 5.000%, 4/01/42   4/27 at 100.00 A+ 583,480
210   University of New Mexico, Revenue Bonds, Refunding Series 1992A, 6.000%, 6/01/21   No Opt. Call AA- 213,020
5,045   Total Education and Civic Organizations       5,494,840
    Health Care – 11.2%        
500   California Health Facilities Financing Authority, Revenue Bonds, City of Hope National Medical Center, Series 2019, 4.000%, 11/15/45   11/29 at 100.00 A+ 564,650
500   Indiana Finance Authority, Hospital Revenue Bonds, Marion General Hospital Project, Series 2020A, 4.000%, 7/01/40   7/30 at 100.00 A 570,310
1,550   New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2015A, 5.000%, 8/01/44   8/25 at 100.00 AA 1,791,443
    New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2017A:        
1,000   4.000%, 8/01/36   11/27 at 100.00 AA 1,132,630
1,010   5.000%, 8/01/46   11/27 at 100.00 AA 1,199,516
    New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2019A:        
1,250   5.000%, 8/01/39   8/29 at 100.00 AA 1,556,050
240   5.000%, 8/01/44   8/29 at 100.00 AA 295,032
    New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, San Juan Regional Medical Center, Refunding & Improvement Series 2020:        
1,800   4.000%, 6/01/34   6/30 at 100.00 BBB+ 2,034,972
785   4.000%, 6/01/35   6/30 at 100.00 BBB+ 884,774
34      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$750   Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 4.000%, 8/01/44   8/29 at 100.00 BBB+ $832,328
9,385   Total Health Care       10,861,705
    Housing/Multifamily – 1.0%        
1,000   New Mexico Mortgage Finance Authority, Multifamily Housing Revenue Bonds, St Anthony, Series 2007A, 5.250%, 9/01/42 (AMT)   3/21 at 100.00 N/R 1,003,410
    Housing/Single Family – 3.2%        
105   New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2011B, 5.000%, 3/01/28   3/21 at 100.00 AA+ 105,279
370   New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2012A, 4.125%, 9/01/42   3/22 at 100.00 AA+ 375,568
455   New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2018C, 3.875%, 7/01/43   1/28 at 100.00 Aaa 489,230
1,960   New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2019C, 3.600%, 7/01/44   7/28 at 100.00 Aaa 2,083,441
2,890   Total Housing/Single Family       3,053,518
    Long-Term Care – 1.4%        
1,365   Santa Fe, New Mexico, Retirement Facilities Revenue Bonds, EL Castillo Retirement Residences Project, Series 2012, 5.000%, 5/15/42   5/22 at 100.00 BB+ 1,389,488
    Tax Obligation/General – 6.4%        
1,295   Albuquerque Municipal School District 12, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, School Building Series 2014A, 4.000%, 8/01/28   8/23 at 100.00 AA 1,393,731
1,000   Albuquerque Municipal School District 12, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, School Building Series 2018, 5.000%, 8/01/36   8/28 at 100.00 AA 1,239,680
1,000   Hobbs Municipal School District 33, Lea County, New Mexico, General Obligation Bonds, School Series 2014A, 5.000%, 9/15/28   9/24 at 100.00 Aa3 1,147,070
515   Silver City Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds, School Building Series 2017, 4.000%, 8/01/37   8/25 at 100.00 Aa3 564,018
675   Silver Consolidated School District 1, Grant County, New Mexico, General Obligation Bonds, School Building Series 2019, 4.000%, 8/01/37   8/28 at 100.00 Aa3 767,110
1,000   Taos Municipal School District, Taos County, New Mexico, General Obligation Bonds, Refunding Series 2014, 5.000%, 9/01/27   9/24 at 100.00 Aa3 1,150,160
5,485   Total Tax Obligation/General       6,261,769
    Tax Obligation/Limited – 37.0%        
    Albuquerque, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Series 2015A:        
250   4.000%, 7/01/35   7/25 at 100.00 AAA 276,560
1,195   5.000%, 7/01/37   7/25 at 100.00 AAA 1,398,831
500   Albuquerque, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Series 2016C, 4.000%, 7/01/34   7/26 at 100.00 AAA 564,655
      35
Nuveen New Mexico Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Artesia, New Mexico, Gross Receipts Tax Revenue Bonds, Refunding Series 2019:        
$1,130   4.000%, 6/01/28   6/26 at 100.00 AA- $1,282,742
570   4.000%, 6/01/29   6/26 at 100.00 AA- 643,313
1,450   Bernalillo County, New Mexico, Gross Receipts Tax Revenue Bonds, Series 1996B, 5.700%, 4/01/27  –  NPFG Insured   No Opt. Call AAA 1,718,627
1,240   Bernalillo County, New Mexico, Gross Receipts Tax Revenue Bonds, Series 2017A, 4.000%, 6/15/34   6/27 at 100.00 AAA 1,419,887
455   Boulders Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2013, 7.250%, 10/01/43   10/23 at 100.00 N/R 475,894
200   Boulders Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2015, 5.750%, 10/01/44   10/25 at 100.00 N/R 206,974
1,000   Clayton, New Mexico, Jail Project Revenue Bonds, Refunding & Improvement Series 2015, 5.000%, 11/01/29   11/25 at 100.00 BBB+ 1,147,380
600   Colfax County, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Series 2015, 4.000%, 8/01/35  –  BAM Insured   8/24 at 100.00 AA 649,458
1,000   Curry County, New Mexico, Gross Receipts Tax Improvement Revenue Bonds, Series 2014, 5.000%, 12/01/36  –  BAM Insured   12/24 at 100.00 AA 1,147,830
500   Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D, 5.000%, 11/15/39   11/25 at 100.00 BB 554,335
    Government of Guam, Business Privilege Tax Bonds, Series 2011A:        
900   5.000%, 1/01/31   1/22 at 100.00 BB 923,184
500   5.250%, 1/01/36   1/22 at 100.00 BB 513,160
780   Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A, 5.000%, 12/01/46   12/26 at 100.00 BB 867,602
985   Las Cruces, New Mexico, State Shared Gross Receipts Tax Revenue Bonds, Refunding Series 2020, 4.000%, 6/01/38   6/30 at 100.00 Aa3 1,151,179
125   Los Lunas, Valencia County, New Mexico, Gross Receipts Tax Revenue Bonds, Improvment Series 2016, 3.000%, 4/01/41   4/26 at 100.00 AA 129,501
500   Lower Petroglyphs Public Improvements District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2018, 5.000%, 10/01/38   10/27 at 100.00 N/R 539,990
810   Mesa Del Sol Public Improvement District 1, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2013, 7.000%, 10/01/33   10/23 at 100.00 N/R 838,812
1,000   Montecito Estates Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2016, 4.000%, 10/01/37   10/26 at 100.00 AA 1,112,570
2,320   New Mexico Finance Authority, State Transportation Revenue Bonds, State Transportation Commission Series 2014A, 5.000%, 6/15/32   6/24 at 100.00 AA 2,640,810
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
1,100   4.550%, 7/01/40   7/28 at 100.00 N/R 1,199,055
725   4.750%, 7/01/53   7/28 at 100.00 N/R 791,287
770   Roswell, New Mexico, Gross Receipts Tax Improvement Revenue Bonds, Series 2017, 4.000%, 8/01/34   8/27 at 100.00 AA 871,086
36      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$970   Saltillo Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Refunding Series 2018, 4.000%, 10/01/37  –  BAM Insured   10/28 at 100.00 AA $1,126,820
1,015   San Juan County, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Series 2015B, 5.000%, 6/15/33   6/24 at 100.00 A+ 1,142,991
2,895   Santa Fe County, New Mexico, Correctional System Gross Receipts Tax Revenue Bonds, Series 1997, 6.000%, 2/01/27  –  AGM Insured   No Opt. Call AA 3,385,760
    Santa Fe, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Senior Lien Series 2018A:        
500   5.000%, 6/01/36   6/28 at 100.00 AA+ 613,770
400   5.000%, 6/01/37   6/28 at 100.00 AA+ 489,552
555   Trails Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2008, 7.750%, 10/01/38   3/21 at 100.00 N/R 554,900
1,000   Ventana West Public Improvement District, New Mexico, Special Levy Revenue Bonds, Refunding Series 2015, 4.000%, 8/01/33  –  BAM Insured   8/25 at 100.00 AA 1,093,200
2,000   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A, 5.000%, 10/01/32  –  AGM Insured   10/22 at 100.00 AA 2,109,080
500   Volterra Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds, Series 2014, 6.750%, 10/01/33   10/24 at 100.00 N/R 518,720
500   Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018, 5.000%, 7/01/58   7/28 at 100.00 BBB+ 575,020
760   Winrock Town Center Tax Increment Development District 1, Albuquerque, New Mexico, Gross Receipts Tax Increment Bonds, Subordinate Lien Series 2020, 8.000%, 5/01/40, 144A   11/23 at 103.00 N/R 768,459
500   Winrock Town Center Tax Increment Development District, Albuquerque, New Mexico, Gross Receipts Tax Increment Bonds, Senior Lien Series 2015, 6.000%, 5/01/40, 144A   3/21 at 103.00 N/R 508,350
32,200   Total Tax Obligation/Limited       35,951,344
    Transportation – 0.6%        
500   Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019A, 5.000%, 7/01/49   7/29 at 100.00 A1 607,165
    U.S. Guaranteed – 3.5% (4)        
600   Albuquerque, New Mexico, Gross Receipts Tax Revenue Bonds, Improvement Series 2013, 5.000%, 7/01/28 (Pre-refunded 7/01/23)   7/23 at 100.00 AAA 666,480
805   New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2012A, 5.000%, 8/01/42 (Pre-refunded 8/01/22)   8/22 at 100.00 AA 860,360
750   University of New Mexico, Revenue Bonds, Refunding Subordinate Lien System Series 2012, 5.000%, 6/01/32 (Pre-refunded 6/01/21)   6/21 at 100.00 AA- 759,045
1,000   University of New Mexico, Revenue Bonds, Refunding Subordinate Lien System Series 2014C, 5.000%, 6/01/35 (Pre-refunded 6/01/24)   6/24 at 100.00 AA- 1,149,650
3,155   Total U.S. Guaranteed       3,435,535
      37
Nuveen New Mexico Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities – 25.6%        
    Albuquerque Benralillo County Water Utility Authority, New Mexico, Joint Water and Sewer System Revenue Bonds, Refunding & Improvement Senior Lien Series 2015:        
$1,000   5.000%, 7/01/32   7/25 at 100.00 AAA $1,178,020
1,000   4.000%, 7/01/33   7/25 at 100.00 AAA 1,108,010
1,000   Albuquerque Benralillo County Water Utility Authority, New Mexico, Joint Water and Sewer System Revenue Bonds, Refunding & Improvement Senior Lien Series 2017, 5.000%, 7/01/32   7/27 at 100.00 AAA 1,223,470
1,970   Albuquerque, New Mexico, Refuse Removal and Disposal Revenue Bonds, Series 2020, 4.000%, 7/01/43   7/30 at 100.00 AA 2,325,349
750   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/37   7/27 at 100.00 A- 868,823
1,015   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 7/01/36   7/26 at 100.00 A- 1,157,232
1,125   New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Refunding Senior Lien Series 2015A, 5.000%, 6/15/31   6/25 at 100.00 AAA 1,321,909
1,000   New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2016F, 5.000%, 6/01/41   6/26 at 100.00 AAA 1,185,070
250   New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2017E, 5.000%, 6/01/38   6/27 at 100.00 AAA 302,105
450   New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2018D, 5.000%, 6/01/37   6/28 at 100.00 AAA 557,667
845   New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2019D, 5.000%, 6/01/40   6/29 at 100.00 AAA 1,061,523
    New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Senior Lien Series 2020B:        
1,250   3.000%, 6/01/39   6/30 at 100.00 AAA 1,351,737
1,250   3.000%, 6/01/40   6/30 at 100.00 AAA 1,348,237
    New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Subordinate Lien Series 2019A:        
915   5.000%, 6/15/35   6/28 at 100.00 AAA 1,141,893
265   5.000%, 6/15/36   6/28 at 100.00 AAA 329,673
1,040   New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Subordinate Lien Series 2019C-1, 5.000%, 6/15/39   6/29 at 100.00 AAA 1,310,494
1,750   New Mexico Finance Authority, Public Project Revolving Fund Revenue Bonds, Subordinate Lien Series 2020C-1, 4.000%, 6/15/45   6/30 at 100.00 AAA 2,036,877
1,000   New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue Bonds, Refunding & Aquisition Sub-Series 2019A, 5.000%, 11/01/39 (Mandatory Put 5/01/25)   2/25 at 100.73 Aa2 1,167,780
710   Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2020A, 5.000%, 7/01/30, 144A   No Opt. Call N/R 846,490
705   Roswell, New Mexico, Joint Water and Sewerage Revenue Bonds, Improvement Series 2017, 5.000%, 6/01/37  –  BAM Insured   6/26 at 100.00 AA 833,909
500   Santa Fe, New Mexico, Net Wastewater Utility System Environmental Services Gross Receipts Tax Improvement Revenue Bonds, Climate Certified Green Series 2019, 4.000%, 6/01/37   6/28 at 100.00 AA+ 568,845
38      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$1,500   Santa Fe, New Mexico, Water Utility System Revenue Bonds, Refunding Series 2016, 4.000%, 6/01/39   6/26 at 100.00 AAA $1,662,120
21,290   Total Utilities       24,887,233
$83,380   Total Long-Term Investments (cost $88,842,786)       94,033,208
    Other Assets Less Liabilities – 3.3%       3,233,230
    Net Assets – 100%       $97,266,438
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $94,033,208 $ — $94,033,208
    
(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.  
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  
      39
Nuveen Maryland Municipal Bond Fund
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 98.8%        
    MUNICIPAL BONDS – 98.7%        
    Consumer Discretionary  – 1.6%        
$4,000   Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017, 5.000%, 9/01/39   9/27 at 100.00 B $4,085,080
1,000   Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference Center, Series 2006A, 5.000%, 12/01/31 (4)   3/21 at 100.00 N/R 600,000
5,000   Total Consumer Discretionary       4,685,080
    Consumer Staples  – 2.4%        
920   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 1,035,911
545   Children's Trust Fund, Puerto Rico, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2002, 5.500%, 5/15/39   3/21 at 100.00 Ba1 558,374
1,135   Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 5.250%, 6/01/32   3/21 at 100.00 N/R 1,135,397
830   New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, Series 2016A-1, 5.625%, 6/01/35   No Opt. Call BBB 898,467
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+ 1,166,180
55   Tobacco Settlement Financing Corporation, Virgin Islands, Tobacco Settlement Asset-Backed Bonds, Series 2001, 5.000%, 5/15/31   3/21 at 100.00 A1 55,128
1,900   TSASC Inc, New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/48   6/27 at 100.00 N/R 2,045,331
6,385   Total Consumer Staples       6,894,788
    Education and Civic Organizations – 5.0%        
1,500   Frederick County, Maryland, Educational Facilities Revenue Bonds, Mount Saint Mary's University Inc, Series 2017A, 5.000%, 9/01/45, 144A   9/27 at 100.00 BB+ 1,625,220
750   Maryland Health and HIgher Educational Facilities Authority, Revenue Bonds, Stevenson University, Series 2021A, 4.000%, 6/01/41   6/31 at 100.00 BBB- 832,905
700   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College, Series 2012A, 5.000%, 7/01/34   7/22 at 100.00 A- 729,127
500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College, Series 2017A, 5.000%, 7/01/37   7/27 at 100.00 A- 582,100
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins University, Series 2013B:        
500   5.000%, 7/01/38   7/23 at 100.00 AA+ 541,470
2,625   4.250%, 7/01/41   7/23 at 100.00 AA+ 2,767,485
500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola University Maryland, Series 2014, 4.000%, 10/01/39   10/24 at 100.00 A 535,640
40      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$1,210   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Loyola University Maryland, Series 2019A, 5.000%, 10/01/49   10/29 at 100.00 A $1,467,597
2,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute College of Art, Series 2012, 5.000%, 6/01/29   6/22 at 100.00 Baa1 2,102,080
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute College of Art, Series 2016:        
385   5.000%, 6/01/29   6/26 at 100.00 Baa1 444,421
700   5.000%, 6/01/33   6/26 at 100.00 Baa1 794,213
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute College of Art, Series 2017:        
315   5.000%, 6/01/36   6/26 at 100.00 Baa1 355,392
235   5.000%, 6/01/42   6/26 at 100.00 Baa1 261,769
1,100   Maryland Industrial Development Financing Authority, Economic Development Revenue Bonds, McDonogh School Inc, Sereis 2019, 4.000%, 9/01/43   3/29 at 100.00 A+ 1,249,820
13,020   Total Education and Civic Organizations       14,289,239
    Energy – 1.2%        
3,260   Maryland Economic Development Corporation, Port Facilities Revenue Bonds, CNX Marine Terminals Inc Port of Baltimore Facility, Refunding Series 2010, 5.750%, 9/01/25   3/21 at 100.00 BB- 3,293,382
    Health Care – 12.5%        
750   Maryland Health and HIgher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare Inc, Series 2021, 5.000%, 1/01/36 (WI/DD, Settling 10/07/21)   1/32 at 100.00 Baa3 881,738
    Maryland Health and Higher Educational Facilities Authority, Maryland, Hospital Revenue Bonds, Meritus Medical Center, Series 2015:        
660   4.000%, 7/01/32   7/25 at 100.00 A- 713,915
1,650   4.250%, 7/01/35   7/25 at 100.00 A- 1,789,722
1,000   5.000%, 7/01/45   7/25 at 100.00 A- 1,109,670
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds Doctors Community Hospital, Series 2017B:        
750   5.000%, 7/01/34   7/27 at 100.00 Baa3 859,185
500   5.000%, 7/01/38   7/27 at 100.00 Baa3 564,745
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Center, Series 2016A:        
90   5.000%, 7/01/36   7/26 at 100.00 BBB+ 104,280
1,250   5.000%, 7/01/38   7/26 at 100.00 BBB+ 1,442,363
440   4.000%, 7/01/42   7/26 at 100.00 BBB+ 478,430
625   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2011A, 6.125%, 1/01/36   1/22 at 100.00 Baa3 655,175
2,020   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2016A, 5.500%, 1/01/46   1/27 at 100.00 Baa3 2,364,733
      41
Nuveen Maryland Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Maryland Health and HIgher Educational Facilities Authority, Revenue Bonds, Frederick Health System Issue; Series 2020:        
$740   3.250%, 7/01/39   7/30 at 100.00 A- $783,867
50   4.000%, 7/01/40   7/30 at 100.00 A- 56,986
520   4.000%, 7/01/45   7/30 at 100.00 A- 583,965
500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health Issue, Series 2016, 5.000%, 7/01/47   7/26 at 100.00 A+ 573,805
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health Issue, Series 2017:        
575   5.000%, 7/01/33   7/27 at 100.00 A+ 690,357
500   4.000%, 7/01/42   7/27 at 100.00 A+ 547,895
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health System, Series 2015:        
1,000   4.000%, 7/01/35   7/25 at 100.00 A+ 1,083,020
750   5.000%, 7/01/40   7/25 at 100.00 A+ 864,923
955   4.125%, 7/01/47   7/25 at 100.00 A+ 1,020,675
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health Issue, Series 2017A:        
1,000   5.000%, 5/15/42   5/27 at 100.00 A 1,195,570
1,500   5.000%, 5/15/45   5/27 at 100.00 A 1,784,310
900   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Cente, Series 2011, 5.000%, 7/01/31   7/22 at 100.00 BBB+ 944,352
1,560   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional Medical Center Issue, Series 2020A, 5.000%, 7/01/34   7/30 at 100.00 A 1,991,761
2,075   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Trinity Health Credit Group, Series 2017MD, 5.000%, 12/01/46   6/27 at 100.00 AA- 2,467,548
2,500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2017B, 5.000%, 7/01/39   7/27 at 100.00 A 2,953,200
2,500   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Pittsburgh Medical Center, Series 2020B, 4.000%, 4/15/45   4/30 at 100.00 A 2,795,550
    Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Series 2015:        
3,000   4.000%, 12/01/44   6/25 at 100.00 AA- 3,275,460
1,000   5.000%, 12/01/44   6/25 at 100.00 AA- 1,144,050
31,360   Total Health Care       35,721,250
    Housing/Multifamily – 7.1%        
2,000   Howard County Housing Commission, Maryland, Revenue Bonds, Columbia Commons Apartments, Series 2014A, 5.000%, 6/01/44   6/24 at 100.00 A+ 2,142,980
640   Howard County Housing Commission, Maryland, Revenue Bonds, Gateway Village Apartments, Series 2016, 4.000%, 6/01/46   6/26 at 100.00 A+ 682,464
1,660   Howard County Housing Commission, Maryland, Revenue Bonds, The Verona at Oakland Mills Project, Series 2013, 5.000%, 10/01/28   10/23 at 100.00 A+ 1,808,985
42      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Multifamily (continued)        
$935   Maryland Community Development Administration Department of Housing and Community Development, Housing Revenue Bonds, Series 2000A, 2.600%, 7/01/40   7/29 at 100.00 AA+ $941,610
1,430   Maryland Community Development Administration Department of Housing and Community Development, Housing Revenue Bonds, Series 2014D, 4.000%, 7/01/45   1/24 at 100.00 AA+ 1,497,310
235   Maryland Community Development Administration Department of Housing and Community Development, Housing Revenue Bonds, Series 2017C, 3.550%, 7/01/42   1/27 at 100.00 AA+ 248,677
1,480   Maryland Community Development Administration Department of Housing and Community Development, Housing Revenue Bonds, Series 2018A, 3.950%, 7/01/43   1/28 at 100.00 AA+ 1,608,834
1,000   Maryland Community Development Administration Department of Housing and Community Development, Housing Revenue Bonds, Series 2020E, 2.150%, 7/01/40   1/30 at 100.00 AA+ 982,030
1,750   Maryland Community Development Administration, Department of Housing and Community Development, Multifamily Development Revenue Bonds, Marlborough Apartments, Series 2014I, 3.450%, 12/15/31   12/24 at 100.00 Aaa 1,868,790
575   Maryland Economic Development Corporation, Senior Student Housing Revenue Bonds, Towson University Project, Refunding Series 2017, 5.000%, 7/01/32   7/27 at 100.00 BB+ 613,807
200   Maryland Economic Development Corporation, Student Housing Revenue Bonds, Morgan State University Project, Series 2020, 4.000%, 7/01/40   7/30 at 100.00 BBB- 219,582
500   Maryland Economic Development Corporation, Student Housing Revenue Bonds, Salisbury University Project, Refunding Series 2013, 5.000%, 6/01/34   6/23 at 100.00 Baa3 527,920
1,000   Maryland Economic Development Corporation, Student Housing Revenue Bonds, Sheppard Pratt University Village, Series 2012, 5.000%, 7/01/27   7/22 at 100.00 BBB- 1,041,870
    Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland - Baltimore Project, Refunding Senior Lien Series 2015:        
255   5.000%, 7/01/31   7/25 at 100.00 BB+ 276,744
475   5.000%, 7/01/35   7/25 at 100.00 BB+ 511,490
1,140   Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland, Baltimore County Project, Refunding Series 2016, 3.600%, 7/01/35  –  AGM Insured   3/21 at 100.00 AA 1,141,630
    Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland, College Park Project, Refunding Series 2016:        
1,145   5.000%, 6/01/31  –  AGM Insured   6/26 at 100.00 AA 1,334,726
520   5.000%, 6/01/43  –  AGM Insured   6/26 at 100.00 AA 590,933
1,250   Montgomery County Housing Opportunities Commission, Maryland, Multifamily Housing Development Bonds, Series 2014A, 3.650%, 7/01/34   7/24 at 100.00 Aaa 1,307,100
760   Montgomery County Housing Opportunities Commission, Maryland, Program Revenue Bonds, Series 2019C, 3.300%, 7/01/39 (AMT)   1/28 at 100.00 Aa2 790,066
18,950   Total Housing/Multifamily       20,137,548
    Housing/Single Family – 5.5%        
1,365   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2011B, 3.250%, 3/01/36   3/26 at 100.00 Aa1 1,437,618
2,500   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2014C, 3.200%, 9/01/28   3/24 at 100.00 Aa1 2,624,550
      43
Nuveen Maryland Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Single Family (continued)        
$1,000   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2015A, 3.800%, 9/01/35   9/25 at 100.00 Aa1 $1,050,740
335   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2018A, 4.100%, 9/01/38   9/27 at 100.00 Aa1 366,818
795   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019A, 3.750%, 9/01/39   3/28 at 100.00 Aa1 853,019
    Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019B:        
2,500   3.200%, 9/01/39   9/28 at 100.00 Aa1 2,659,950
1,345   3.350%, 9/01/42   9/28 at 100.00 Aa1 1,428,713
    Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019C:        
550   5.000%, 9/01/28   No Opt. Call Aa1 700,596
800   5.000%, 3/01/30   3/29 at 100.00 Aa1 1,019,160
1,000   3.000%, 3/01/42   3/29 at 100.00 Aa1 1,030,810
1,430   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2021A, 2.000%, 9/01/43   3/30 at 100.00 Aa1 1,348,204
1,000   Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Taxable Series 2019D, 3.200%, 7/01/44   7/29 at 100.00 AA+ 1,058,600
14,620   Total Housing/Single Family       15,578,778
    Long-Term Care – 5.5%        
1,000   Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2016, 5.000%, 1/01/37   1/26 at 100.00 A 1,135,260
1,750   Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2020, 4.000%, 1/01/45   1/27 at 103.00 A 1,926,820
2,000   Baltimore County, Maryland, Revenue Bonds, Riderwood Village Inc Facility, Series 2020, 4.000%, 1/01/45   1/27 at 103.00 A 2,190,600
1,200   Gaithersburg, Maryland, Economic Development Revenue Bonds, Asbury Methodist Obligated Group Project, Refunding Series 2018A, 5.000%, 1/01/33   1/24 at 104.00 BBB 1,329,012
1,250   Howard County, Maryland, Retirement Community Revenue Bonds, Vantage House, Refunding Series 2017, 5.000%, 4/01/44   4/27 at 100.00 N/R 1,266,287
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Charlestown Community Issue, Series 2016A:        
700   5.000%, 1/01/36   7/26 at 100.00 A 801,318
835   5.000%, 1/01/45   7/26 at 100.00 A 942,080
1,965   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Ridge Retirement Community, Series 2007, 4.750%, 7/01/34   3/21 at 100.00 A 1,966,120
    Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, Series 2017A-1:        
575   5.000%, 11/01/30   11/24 at 103.00 B- 615,653
950   5.000%, 11/01/32   11/24 at 103.00 B- 1,013,432
100   5.000%, 11/01/37   11/24 at 103.00 B- 105,256
44      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Long-Term Care (continued)        
    Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Series 2017B:        
$500   5.000%, 11/01/42   11/24 at 103.00 B- $520,360
100   5.000%, 11/01/47   11/24 at 103.00 B- 103,427
1,500   Washington County County Commissioners, Maryland, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2019B, 5.000%, 1/01/30   1/29 at 100.00 BBB+ 1,840,485
14,425   Total Long-Term Care       15,756,110
    Tax Obligation/General – 18.2%        
2,000   Baltimore County, Maryland, General Obligation Bonds, Consolidated Public Improvement Series 2020, 5.000%, 3/01/30   No Opt. Call AAA 2,670,180
2,040   Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds, Capital Appreciation, Election 2006 Refunding Series 2009C, 0.000%, 8/01/32   No Opt. Call AA 1,545,545
1,000   Howard County, Maryland, General Obligation Bonds, Consolidated Public Improvement Project, Series 2020A, 4.000%, 8/15/37   8/30 at 100.00 AAA 1,206,730
5,000   Maryland State, General Obligation Bonds, State and Local Facilities Loan, Bidding Group 2 Fiirst Series 2021A, 5.000%, 3/01/34 (WI/DD, Settling 3/10/21)   3/31 at 100.00 AAA 6,708,850
1,000   Maryland State, General Obligation Bonds, State and Local Facilities Loan, Bidding Group 2 Second Series 2018-2, 5.000%, 8/01/29   8/28 at 100.00 AAA 1,284,560
    Maryland State, General Obligation Bonds, State and Local Facilities Loan, First Series 2017A:        
1,000   5.000%, 3/15/23   No Opt. Call AAA 1,097,050
1,000   5.000%, 3/15/31   3/27 at 100.00 AAA 1,232,300
2,085   Maryland State, General Obligation Bonds, State and Local Facilities Loan, First Series 2019, 5.000%, 3/15/27   No Opt. Call AAA 2,613,652
2,000   Maryland State, General Obligation Bonds, State and Local Facilities Loan, Second Series 2015A-2, 5.000%, 8/01/21   No Opt. Call AAA 2,040,380
    Maryland State, General Obligation Bonds, State and Local Facilities Loan, Second Series 2020A-2:        
1,000   5.000%, 8/01/28   No Opt. Call AAA 1,294,720
1,000   5.000%, 8/01/29   No Opt. Call AAA 1,321,350
2,385   Montgomery County, Maryland, General Obligation Bonds, Refunding Consolidated Public Improvement Series 2020B, 4.000%, 11/01/31   No Opt. Call AAA 3,033,482
5,645   Murrieta Valley Unified School District, Riverside County, California, General Obligation Bonds, Election 2006 Series 2008, 0.000%, 9/01/32  –  AGM Insured   No Opt. Call AA 4,404,511
3,000   Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2019A, 5.000%, 7/15/30   7/29 at 100.00 AAA 3,931,170
2,500   Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2020A, 5.000%, 7/15/33   7/28 at 100.00 AAA 3,163,750
2,000   Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Refunding Series 2020, 5.000%, 6/01/28   No Opt. Call AAA 2,579,780
      45
Nuveen Maryland Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Second Series 2016:        
$2,575   5.000%, 6/01/27   6/26 at 100.00 AAA $3,145,723
1,300   5.000%, 6/01/35   6/26 at 100.00 AAA 1,547,195
2,000   Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Series 2014, 5.000%, 6/01/21   No Opt. Call AAA 2,024,220
2,500   Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Series 2018, 4.000%, 6/01/39   6/28 at 100.00 AAA 2,912,700
6,220   Wylie Independent School District, Collin County, Texas, General Obligation Bonds, School Building Series 2015B, 0.000%, 8/15/49   8/25 at 37.14 Aaa 2,144,158
49,250   Total Tax Obligation/General       51,902,006
    Tax Obligation/Limited – 16.1%        
1,800   Anne Arundel County, Maryland, General Obligation Bonds, Consolidated General Improvement, Series 2017, 5.000%, 10/01/27   10/26 at 100.00 AAA 2,214,270
2,000   Anne Arundel County, Maryland, General Obligation Bonds, Consolidated General Improvement, Series 2019, 5.000%, 10/01/44   10/29 at 100.00 AAA 2,510,400
1,000   Baltimore, Maryland, Special Obligation Bonds, Center/West Development Project, Series 2017A, 5.375%, 6/01/36   6/26 at 100.00 N/R 1,048,510
    Baltimore, Maryland, Special Obligation Bonds, East Baltimore Research Park Project, Series 2017A:        
460   4.500%, 9/01/33   9/27 at 100.00 N/R 489,550
120   5.000%, 9/01/38   9/27 at 100.00 N/R 129,728
755   Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series 2016, 5.000%, 6/01/36   6/26 at 100.00 N/R 811,444
1,300   Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series 2019A, 3.500%, 6/01/39, 144A   6/29 at 100.00 N/R 1,315,353
250   Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series 2019B, 3.700%, 6/01/39, 144A   6/23 at 100.00 N/R 250,943
    Brunswick, Frederick County, Maryland, Special Obligation Bonds, Brunswick Crossing Special Taxing District, Refunding Series 2019:        
380   4.000%, 7/01/29   1/29 at 100.00 N/R 435,716
335   5.000%, 7/01/36   1/29 at 100.00 N/R 393,695
115   Frederick County, Maryland, Special Obligation Bonds, Lake Linganore Village Community Development Series 2001A, 5.700%, 7/01/29  –  RAAI Insured   3/21 at 100.00 AA 115,454
    Frederick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority, Refunding Series 2020A:        
1,000   4.000%, 7/01/34   7/30 at 100.00 A- 1,158,480
1,250   4.000%, 7/01/35   7/30 at 100.00 A- 1,443,500
55   Frederick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority, Refunding Series 2020C, 4.000%, 7/01/50   7/30 at 100.00 N/R 60,670
46      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$170   Frederick County, Maryland, Tax Increment and Special Tax B Limited Obligation Bonds, Oakdale-Lake Linganore Project, Series 2019, 3.750%, 7/01/39   7/29 at 100.00 N/R $174,901
100   Frederick County, Maryland, Tax Increment and Special Tax Limited Obligation Bonds, Jefferson Technology Park Project, Refunding Series 2020B, 4.625%, 7/01/43, 144A   7/30 at 102.00 N/R 113,859
670   Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.250%, 1/01/36   1/22 at 100.00 BB 687,634
    Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A:        
1,000   5.000%, 12/01/23   No Opt. Call BB 1,104,170
1,015   5.000%, 12/01/33   12/26 at 100.00 BB 1,156,836
500   5.000%, 12/01/46   12/26 at 100.00 BB 556,155
    Harford County, Maryland, Special Obligation Bonds, Beechtree Estates Project, Refunding Series 2021:        
750   4.000%, 7/01/36   7/30 at 100.00 A 855,203
675   4.000%, 7/01/40   7/30 at 100.00 A 759,065
725   Howard County, Maryland, Special Obligation Bonds, Annapolis Junction Town Center Project, Series 2014, 5.800%, 2/15/34   2/24 at 100.00 N/R 722,361
    Howard County, Maryland, Special Obligation Bonds, Downtown Columbia Project, Series 2017A:        
600   4.125%, 2/15/34, 144A   2/26 at 100.00 N/R 624,390
550   4.375%, 2/15/39, 144A   2/26 at 100.00 N/R 574,244
1,285   Hyattsville, Maryland, Special Obligation Bonds, University Town Center Project, Series 2016, 5.000%, 7/01/34   7/25 at 100.00 N/R 1,332,455
1,000   Maryland Community Development Administration, Local Government Infrastructure Bonds, Subordinate Obligation Series 2019B-2, 4.000%, 6/01/49   6/29 at 100.00 Aa3 1,130,890
185   Maryland Economic Development Corporation, Special Obligation Bonds, Metro Centre Owings Mills Project, Series 2017, 4.500%, 7/01/44   1/27 at 100.00 N/R 195,673
2,000   Maryland Economic Development Corporation, Special Obligation Bonds, Port Covington Project, Series 2020, 4.000%, 9/01/50   9/30 at 100.00 N/R 2,138,600
    Maryland Stadium Authority, Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2016:        
1,000   5.000%, 5/01/32   5/26 at 100.00 AA 1,170,570
1,250   5.000%, 5/01/33   5/26 at 100.00 AA 1,459,163
2,000   Maryland Stadium Authority, Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2018A, 5.000%, 5/01/36   5/28 at 100.00 AA 2,425,220
25   Prince George's County Revenue Authority, Maryland, Special Obligation Bonds, Suitland-Naylor Road Project, Series 2016, 5.000%, 7/01/46, 144A   1/26 at 100.00 N/R 26,860
2,000   Prince George's County, Maryland, Certificates of Participation, University of Maryland Capital Region Medical Center, Series 2018, 5.000%, 10/01/38   10/28 at 100.00 AA+ 2,492,300
3,350   Prince George's County, Maryland, Special Obligation Bonds, National Harbor Project, Series 2005, 5.200%, 7/01/34   3/21 at 100.00 N/R 3,375,728
375   Prince George's County, Maryland, Special Tax District Bonds, Victoria Falls Project, Series 2005, 5.250%, 7/01/35   3/21 at 100.00 N/R 378,266
      47
Nuveen Maryland Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
$32   0.000%, 7/01/24   No Opt. Call N/R $30,115
55   0.000%, 7/01/27   No Opt. Call N/R 48,416
54   0.000%, 7/01/29   7/28 at 98.64 N/R 44,677
70   0.000%, 7/01/31   7/28 at 91.88 N/R 53,752
78   0.000%, 7/01/33   7/28 at 86.06 N/R 55,460
57   4.500%, 7/01/34   7/25 at 100.00 N/R 62,210
2,610   0.000%, 7/01/51   7/28 at 30.01 N/R 574,644
2,965   5.000%, 7/01/58   7/28 at 100.00 N/R 3,283,856
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2:        
2,500   4.329%, 7/01/40   7/28 at 100.00 N/R 2,689,125
3   4.536%, 7/01/53   7/28 at 100.00 N/R 3,233
47   4.784%, 7/01/58   7/28 at 100.00 N/R 51,398
1,000   Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Refunding Series 2007CC, 5.500%, 7/01/30  –  AGM Insured   No Opt. Call AA 1,231,970
1,000   Virgin Islands Public Finance Authority, Federal Highway Grant Anticipation Loan Note Revenue Bonds, Series 2015, 5.000%, 9/01/33, 144A   9/25 at 100.00 A 1,108,020
1,000   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2006, 5.000%, 10/01/28  –  FGIC Insured   3/21 at 100.00 Baa2 1,015,550
43,516   Total Tax Obligation/Limited       46,084,682
    Transportation – 7.7%        
    Guam Port Authority, Port Revenue Bonds, Private Activity Series 2018B:        
120   5.000%, 7/01/33 (AMT)   7/28 at 100.00 A 142,189
425   5.000%, 7/01/34 (AMT)   7/28 at 100.00 A 502,027
300   Maryland Economic Development Corporation Economic Development Revenue Bonds, Terminal Project, Series 2019A, 5.000%, 6/01/44 (AMT)   6/29 at 100.00 Baa3 332,316
1,940   Maryland Economic Development Corporation Economic Development Revenue Bonds, Transportation Facilities Project, Refunding Series 2017A, 5.000%, 6/01/35   6/28 at 100.00 Baa3 2,217,439
1,600   Maryland Economic Development Corporation, Air Cargo Obligated Group Revenue Bonds, AFCO Airport Real Estate Group, Series 2019, 4.000%, 7/01/39 (AMT)   7/29 at 100.00 BBB 1,800,912
    Maryland Economic Development Corporation, Parking Facilities Revenue Bonds Baltimore City Project, Subordinate Parking Facilities Revenue Bonds, Series 2018C:        
500   4.000%, 6/01/38   6/28 at 100.00 BB- 473,655
305   4.000%, 6/01/58   6/28 at 100.00 BB- 262,364
1,275   Maryland Economic Development Corporation, Parking Facilities Revenue Bonds, Baltimore City Project, Senior Parking Facilities Revenue Bonds, Series 2018A, 5.000%, 6/01/58   6/28 at 100.00 BB 1,360,234
48      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
    Maryland Economic Development Corporation, Private Activity Revenue Bonds AP, Purple Line Light Rail Project, Green Bonds, Series 2016D:        
$2,650   5.000%, 3/31/41 (AMT)   9/26 at 100.00 BB- $2,993,811
500   5.000%, 3/31/46 (AMT)   9/26 at 100.00 BB- 559,835
500   Maryland Economic Development Corporation, Private Activity Revenue Bonds FCP, Purple Line Light Rail Project, Green Bonds, Series 2016B, 5.000%, 9/30/26 (AMT)   11/21 at 100.00 BB- 513,295
1,000   Maryland Transportation Authority, Passenger Facility Charge Revenue Bonds, Baltimore/Washington Internatonal Thurgood Marshall Airport Project, Series 2019, 5.000%, 6/01/32 (AMT)   6/29 at 100.00 A 1,246,400
2,500   Maryland Transportation Authority, Revenue Bonds, Transportation Facilities Projects, Series 2020, 5.000%, 7/01/36   7/30 at 100.00 Aa2 3,224,175
    New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016:        
85   5.000%, 8/01/26 (AMT)   8/21 at 100.00 B+ 86,486
340   5.000%, 8/01/31 (AMT)   8/21 at 100.00 B+ 345,644
    Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2017B:        
1,500   5.000%, 7/01/30   7/27 at 100.00 AA 1,841,955
1,000   5.000%, 7/01/36   7/27 at 100.00 AA 1,209,320
1,390   5.000%, 7/01/37   7/27 at 100.00 AA 1,677,494
1,000   5.000%, 7/01/42   7/27 at 100.00 AA 1,195,150
18,930   Total Transportation       21,984,701
    U.S. Guaranteed – 10.6% (5)        
720   Baltimore, Maryland, Revenue Bonds, Water Projects, Refunding Series 1998A, 5.000%, 7/01/28  –  FGIC Insured (ETM)   No Opt. Call AA 835,020
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Carroll Hospital Center, Series 2012A:        
1,000   4.000%, 7/01/30 (Pre-refunded 7/01/22)   7/22 at 100.00 A1 1,050,740
475   5.000%, 7/01/37 (Pre-refunded 7/01/22)   7/22 at 100.00 A1 505,410
1,665   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick Memorial Hospital Issue, Series 2012A, 4.250%, 7/01/32 (Pre-refunded 7/01/22)   7/22 at 100.00 A- 1,751,580
1,310   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Helix Health, Series 1997, 5.000%, 7/01/27  –  AMBAC Insured (ETM)   No Opt. Call N/R 1,513,823
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional Medical Center Issue, Refunding Series 2015:        
1,340   5.000%, 7/01/33 (Pre-refunded 7/01/24)   7/24 at 100.00 A 1,543,238
1,065   5.000%, 7/01/34 (Pre-refunded 7/01/24)   7/24 at 100.00 A 1,226,529
1,250   5.000%, 7/01/45 (Pre-refunded 7/01/24)   7/24 at 100.00 A 1,439,587
      49
Nuveen Maryland Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
    Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2013A:        
$2,250   4.000%, 7/01/43 (Pre-refunded 7/01/22)   7/22 at 100.00 A $2,364,165
5,700   5.000%, 7/01/43 (Pre-refunded 7/01/22)   7/22 at 100.00 A 6,064,914
295   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System, Series 1991B, 7.000%, 7/01/22  –  FGIC Insured (ETM)   No Opt. Call Baa2 316,815
3,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland Health, Series 2014, 5.250%, 7/01/26 (Pre-refunded 7/01/24)   7/24 at 100.00 N/R 3,468,990
    Maryland Stadium Authority, Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2016:        
1,000   5.000%, 5/01/35 (Pre-refunded 5/01/26)   5/26 at 100.00 AA 1,219,970
3,250   5.000%, 5/01/41 (Pre-refunded 5/01/26)   5/26 at 100.00 AA 3,964,902
2,000   Montgomery County, Maryland, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011MD, 5.000%, 12/01/40 (Pre-refunded 12/01/21)   12/21 at 100.00 AA- 2,072,880
475   Morgan State University, Maryland, Student Tuition and Fee Revenue Bonds, Academic Fees and Auxiliary Facilities, Refunding Series 2012, 5.000%, 7/01/31 (Pre-refunded 7/01/22)   7/22 at 100.00 A+ 505,410
780   Wylie Independent School District, Collin County, Texas, General Obligation Bonds, School Building Series 2015B, 0.000%, 8/15/49 (Pre-refunded 8/15/25)   8/25 at 37.14 Aaa 279,193
27,575   Total U.S. Guaranteed       30,123,166
    Utilities – 5.3%        
1,000   Baltimore, Maryland, Revenue Bonds, Storm Water Projects, Series 2019A, 5.000%, 7/01/49   7/29 at 100.00 Aa2 1,243,620
2,000   Baltimore, Maryland, Revenue Bonds, Wastewater Projects, Series 2019A, 5.000%, 7/01/49   7/29 at 100.00 AA 2,487,240
1,000   Baltimore, Maryland, Revenue Bonds, Water Projects, Series 2020A, 5.000%, 7/01/50   7/30 at 100.00 Aa2 1,261,510
2,000   Baltimore, Maryland, Revenue Bonds, Water Projects, Subordinate Series 2017A, 5.000%, 7/01/41   1/27 at 100.00 Aa3 2,363,820
1,000   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 4.375%, 1/01/35 (Mandatory Put 7/01/22)   No Opt. Call N/R 1,030,000
415   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/40   7/27 at 100.00 A- 477,868
    Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016:        
500   5.000%, 7/01/27   7/26 at 100.00 A- 589,235
500   5.000%, 1/01/46   7/26 at 100.00 A- 560,145
    Guam Power Authority, Revenue Bonds, Refunding Series 2017A:        
825   5.000%, 10/01/33   10/27 at 100.00 BBB 961,191
200   5.000%, 10/01/38   10/27 at 100.00 BBB 230,080
2,000   Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/30  –  AGM Insured   10/22 at 100.00 AA 2,124,120
705   Maryland Economic Development Corporation, Pollution Control Revenue Bonds, Potomac Electric Power Company, Refunding Series 2019, 1.700%, 9/01/22   No Opt. Call A- 716,541
50      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$130   Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A, 6.125%, 7/01/24   No Opt. Call CCC $141,912
1,000   Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A, 5.250%, 7/01/42   7/22 at 100.00 CCC 1,052,710
13,275   Total Utilities       15,239,992
$259,566   Total Municipal Bonds (cost $266,187,178)       281,690,722
    
Shares   Description (1)       Value
    COMMON STOCKS – 0.1%        
    Airlines – 0.1%        
14,180   American Airlines Group Inc, (6), (7)       $296,929
    Total Common Stocks (cost $425,978)       296,929
    Total Long-Term Investments (cost $266,613,156)       281,987,651
    Other Assets Less Liabilities – 1.2%       3,402,655
    Net Assets – 100%       $285,390,306
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).
      51
Nuveen Maryland Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(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 $ — $281,690,722 $ — $281,690,722
Common Stocks 296,929  —  — 296,929
Total $296,929 $281,690,722 $ — $281,987,651
    
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(5) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(6) On November 28, 2011, AMR Corp. (“AMR”), the parent company of American Airlines Group, Inc. (“AAL”) filed for federal bankruptcy protection. On December 9, 2013, AMR emerged from federal bankruptcy with the acceptance of its reorganization plan by the bankruptcy court. Under the settlement agreement established to meet AMR’s unsecured bond obligations, the bondholders, including the Fund, received a distribution of AAL preferred stock which was converted to AAL common stock over a 120-day period. Every 30 days, a quarter of the preferred stock was converted to AAL common stock based on the 5-day volume-weighted average price and the amount of preferred shares tendered during the optional preferred conversion period.  
(7) 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  
ETM Escrowed to maturity  
WI/DD Purchased on a when-issued or delayed delivery basis.  
52      
Nuveen Pennsylvania Municipal Bond Fund
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 100.4%        
    MUNICIPAL BONDS – 98.7%        
    Consumer Staples  – 0.3%        
$1,210   Pennsylvania Economic Development Financing Authority, Solid Waste Disposal Revenue Bonds, Procter & Gamble Paper Project, Series 2001, 5.375%, 3/01/31 (AMT)   No Opt. Call AA- $1,587,496
    Education and Civic Organizations – 13.7%        
2,495   Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Carnegie Mellon University, Series 2013, 5.000%, 3/01/21   No Opt. Call AA 2,495,000
2,160   Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Carnegie Mellon University, Series 2020A, 5.000%, 2/01/30   No Opt. Call AA 2,847,290
1,405   Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Robert Morris University, Series 2016, 5.000%, 10/15/34   10/26 at 100.00 Baa3 1,571,619
515   Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Robert Morris University, Series 2017, 5.000%, 10/15/37   10/27 at 100.00 Baa3 581,347
295   Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Alvernia University Project, Series 2020, 5.000%, 10/01/39   10/29 at 100.00 BB+ 313,107
2,580   Bucks County Industrial Development Authority, Pennsylvania, Revenue Bonds, George School Project, Series 2019, 3.000%, 9/15/49   9/29 at 100.00 AA- 2,687,457
1,205   Bucks County Industrial Development Authority, Pennsylvania, Revenue Bonds, School Lane Charter School Project, Series 2016, 5.125%, 3/15/36   3/27 at 100.00 BBB- 1,362,855
305   Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School Revenue Bonds, Series 2017A, 5.000%, 12/15/47   12/27 at 100.00 BBB- 338,767
785   Crawford County Industrial Development Authority, Pennsylvania, College Revenue Bonds, Allegheny College, Series 2016, 3.000%, 5/01/34   5/26 at 100.00 A- 811,093
330   Dallas Area Municipal Authority, Pennsylvania, Revenue Bonds, Misericordia University, Series 2014, 5.000%, 5/01/37   5/24 at 100.00 Baa3 353,169
920   Delaware County Authority, Pennsylvania, General Revenue Bonds, Eastern Univsersity, Series 2006, 4.500%, 10/01/27  –  RAAI Insured   3/21 at 100.00 AA 920,800
3,500   Delaware County Authority, Pennsylvania, Revenue Bonds, Villanova University, Series 2015, 5.000%, 8/01/45   8/25 at 100.00 AA- 3,936,100
1,430   Erie Higher Education Building Authority, Pennsylvania, Revenue Bonds, Gannon University, Series 2016, 4.000%, 5/01/46   11/26 at 100.00 BBB+ 1,480,522
    Huntingdon County General Authority, Pennsylvania, Revenue Bonds, Juniata College, Series 2016OO2:        
290   3.125%, 5/01/34   5/26 at 100.00 BBB 290,061
210   3.250%, 5/01/36   5/26 at 100.00 BBB 210,292
355   3.500%, 5/01/41   5/26 at 100.00 BBB 356,321
      53
Nuveen Pennsylvania Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    Lackawanna County Industrial Development Authority, Pennsylvania, Revenue Bonds, University of Scranton, Series 2017:        
$100   3.375%, 11/01/33   11/27 at 100.00 A- $106,488
1,090   4.000%, 11/01/40   11/27 at 100.00 A- 1,186,378
    Lancaster Higher Education Authority, Pennsylvania, College Revenue Bonds, Harrisburg Area Community College Project, Series 2021:        
1,000   5.000%, 10/01/27  –  BAM Insured   No Opt. Call AA 1,249,960
1,000   5.000%, 10/01/28  –  BAM Insured   No Opt. Call AA 1,271,740
2,020   Lycoming County Authority, Pennsylvania, Revenue Bonds, Pennsylvania College of Technology, Series 2012, 5.000%, 5/01/32   5/22 at 100.00 A 2,126,010
1,800   Lycoming County Authority, Pennsylvania, Revenue Bonds, Pennsylvania College of Technology, Series 2016, 3.000%, 10/01/37   10/26 at 100.00 A 1,840,338
1,270   Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2018A, 5.000%, 9/01/48   9/28 at 100.00 A 1,496,187
    Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2019:        
3,700   4.000%, 9/01/44   9/29 at 100.00 A 4,129,718
580   4.000%, 9/01/49   9/29 at 100.00 A 643,162
2,075   Northampton County General Purpose Authority, Pennsylvania, Revenue Bonds, Lafayette College, Refunding Series 2018, 4.000%, 11/01/38   11/28 at 100.00 Aa3 2,335,558
4,870   Pennsylvania Higher Education Assistance Agency, Education Loan Revenue Bonds, Senior Series 2020A, 2.450%, 6/01/41 (AMT)   6/29 at 100.00 A1 4,518,922
    Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, AICUP Financing Program-Mount Aloysius College, Series 2016-004:        
630   2.625%, 11/01/31   5/26 at 100.00 BBB+ 647,968
690   3.000%, 11/01/42   5/26 at 100.00 BBB+ 703,579
1,150   5.000%, 11/01/46   5/26 at 100.00 BBB+ 1,267,898
    Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Bryn Mawr College, Refunding Series 2014:        
815   5.000%, 12/01/38   12/24 at 100.00 AA+ 910,241
670   5.000%, 12/01/44   12/24 at 100.00 AA+ 742,534
1,015   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Bryn Mawr College, Series 2019, 4.000%, 12/01/48   6/29 at 100.00 AA+ 1,152,533
1,500   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Drexel University, Refunding Series 2016, 4.000%, 5/01/36   5/26 at 100.00 A- 1,631,025
    Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, LaSalle University, Series 2012:        
290   4.000%, 5/01/32   11/22 at 100.00 BB+ 292,079
1,020   5.000%, 5/01/42   11/22 at 100.00 BB+ 1,042,481
2,375   Pennsylvania HIgher Educational Facilities Authority, Revenue Bonds, Thomas Jefferson University, Refunding Series 2015A, 5.250%, 9/01/50   3/25 at 100.00 A 2,668,645
220   Pennsylvania HIgher Educational Facilities Authority, Revenue Bonds, Thomas Jefferson University, Series 2012, 5.000%, 3/01/42   9/22 at 100.00 A 230,283
54      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$1,260   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania, Series 2018A, 3.375%, 2/15/35   2/28 at 100.00 AA+ $1,376,978
    Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of the Sciences in Philadelphia, Series 2012:        
170   4.000%, 11/01/39   11/22 at 100.00 Baa1 174,575
1,180   5.000%, 11/01/42   11/22 at 100.00 Baa1 1,238,965
1,315   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of the Sciences in Philadelphia, Series 2015A, 5.000%, 11/01/36   11/25 at 100.00 Baa1 1,481,676
385   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University, Series 2013A, 5.500%, 7/15/38   7/23 at 100.00 A- 409,451
275   Philadelphia Authority for Industrial Development, Pennsylvania, Charter School Revenue Bonds, Philadelphia Performing Arts: A String Theory Charter School, Series 2020, 5.000%, 6/15/50, 144A   6/28 at 100.00 BB+ 312,513
1,475   Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, La Salle University, Series 2017, 5.000%, 5/01/37   11/27 at 100.00 BB+ 1,586,363
2,600   Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Saint Joseph?s University Project, Refunding Series 2020A, 4.000%, 11/01/45   11/29 at 100.00 A- 2,900,404
2,345   Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Temple University, First Series 2015, 5.000%, 4/01/45   4/25 at 100.00 Aa3 2,602,903
910   Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, University of the Arts, Series 2017, 5.000%, 3/15/45, 144A   3/28 at 100.00 BB+ 961,870
835   Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, Revenue Bonds, University of Scranton, Series 2016, 5.000%, 11/01/37   5/26 at 100.00 A- 950,714
1,895   Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, University Revenue Bonds, Marywood University, Series 2016, 5.000%, 6/01/46   6/26 at 100.00 BB+ 1,989,276
2,090   Washington County Industrial Development Authority, Pennsylvania, College Revenue Bonds, AICUP Financing Program-Washington and Jefferson College Project, Series 2017-PP5, 3.375%, 11/01/36   11/27 at 100.00 A- 2,198,157
    Wilkes-Barre Finance Authority, Pennsylvania, Revenue Bonds, University of Scranton, Series 2015A:        
665   5.000%, 11/01/32   11/25 at 100.00 A- 762,017
260   5.000%, 11/01/33   11/25 at 100.00 A- 297,198
260   4.000%, 11/01/35   11/25 at 100.00 A- 279,965
66,580   Total Education and Civic Organizations       72,272,552
    Health Care – 18.1%        
10,705   Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018A, 4.000%, 4/01/44   4/28 at 100.00 A 11,698,852
    Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of Pittsburgh Medical Center, Series 2019A:        
1,000   4.000%, 7/15/36   7/29 at 100.00 A 1,142,540
1,170   4.000%, 7/15/39   7/29 at 100.00 A 1,327,283
      55
Nuveen Pennsylvania Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Berks County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Tower Health Project, Series 2017:        
$930   3.750%, 11/01/42   11/27 at 100.00 BB+ $874,367
1,615   4.000%, 11/01/47   11/27 at 100.00 BB+ 1,609,024
10,295   5.000%, 11/01/50   11/27 at 100.00 BB- 11,201,578
1,000   Bucks County Industrial Development Authority, Pennsylvania, Hospital Revenue Bonds, Saint Luke's University Health Network Project, Series 2019, 4.000%, 8/15/50   8/28 at 100.00 A- 1,096,780
8,710   Bucks County Industrial Development Authority, Pennsylvania, Hospital Revenue Bonds, Saint Luke's University Health Network Project, Series 2021, 3.000%, 8/15/53   8/30 at 100.00 A- 8,765,657
505   Bucks County Industrial Development Authority, Pennsylvania, Revenue Bonds, Grand View Hospital, Series 2021, 4.000%, 7/01/46 (WI/DD, Settling 3/11/21)   7/31 at 100.00 BB+ 533,457
2,125   Butler County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Butler Health System Project, Series 2015A, 5.000%, 7/01/39   7/25 at 100.00 A 2,333,229
    Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical Center Project, Series 2016A:        
295   5.000%, 11/15/41   11/25 at 100.00 AA- 338,424
625   5.000%, 11/15/46   11/25 at 100.00 AA- 714,325
    Chester County Health and Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Main Line Health System, Series 2017A:        
1,000   4.000%, 10/01/36   10/27 at 100.00 AA 1,136,490
1,365   4.000%, 10/01/37   10/27 at 100.00 AA 1,547,268
5,000   Chester County Health and Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Main Line Health System, Series 2020A, 4.000%, 9/01/50   9/30 at 100.00 AA 5,746,750
2,000   Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Penn State Health, Series 2019, 4.000%, 11/01/44   11/29 at 100.00 A+ 2,273,520
    Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle Health System Project, Refunding Series 2016A:        
560   3.000%, 6/01/33   6/26 at 100.00 A 582,232
585   5.000%, 6/01/35   6/26 at 100.00 A 684,871
730   Dauphin County General Authority, Pennsylvania, Health System Revenue Bonds, Pinnacle Health System Project, Series 2012A, 5.000%, 6/01/42   6/22 at 100.00 A 759,594
500   Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2013A, 5.000%, 7/01/28   7/23 at 100.00 BBB- 532,040
1,025   Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2019A, 5.000%, 7/01/49   7/29 at 100.00 BBB- 1,141,256
4,000   Dubois Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Penn Highlands Healthcare, Series 2018, 5.000%, 7/15/48   1/28 at 100.00 A- 4,559,960
1,485   Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2014A, 5.000%, 6/01/41   6/24 at 100.00 AA- 1,646,895
1,055   Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2017A-1, 5.000%, 2/15/45   2/27 at 100.00 AA- 1,242,421
255   Indiana County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Indiana Regional Medical Center, Series 2014A, 6.000%, 6/01/39   6/23 at 100.00 Ba3 268,025
56      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$2,750   Lancaster County Hospital Authority, Revenue Bonds, University of Pennsylvania Health System, Refunding Series 2016B, 5.000%, 8/15/46   8/26 at 100.00 AA $3,253,580
1,945   Lancaster County Hospital Authority, Revenue Bonds, University of Pennsylvania Health System, Series 2016A, 5.000%, 8/15/42   8/26 at 100.00 AA 2,315,250
3,960   Lehigh County General Purpose Authority, Pennsylvania, Hospital Revenue Bonds, Lehigh Valley Health Network, Refunding Series 2016A, 4.000%, 7/01/35   7/26 at 100.00 A+ 4,398,926
3,000   Lehigh County General Purpose Authority, Pennsylvania, Hospital Revenue Bonds, Lehigh Valley Health Network, Series 2019A, 4.000%, 7/01/49   7/29 at 100.00 A+ 3,342,900
    Lehigh County General Purpose Authority, Pennsylvania, Revenue Bonds, Good Shepherd Group, Refunding Series 2016:        
365   3.000%, 11/01/36   5/26 at 100.00 A 376,359
3,670   4.000%, 11/01/46   5/26 at 100.00 A 3,884,915
1,050   Monroe County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Pocono Medical Center, Series 2016, 5.000%, 7/01/41   7/26 at 100.00 A+ 1,216,656
2,730   Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.250%, 1/15/45   1/25 at 100.00 Ba1 2,992,244
695   Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Children's Hospital of Philadelphia, Series 2011C, 5.000%, 7/01/41   7/21 at 100.00 AA 703,187
2,035   Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series 2012A, 5.625%, 7/01/42   7/22 at 100.00 BBB- 2,140,108
555   Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series of 2017, 5.000%, 7/01/30   7/27 at 100.00 BBB- 640,537
2,000   Pottsville Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Lehigh Valley Health Network, Series 2016B, 5.000%, 7/01/45   1/27 at 100.00 A+ 2,322,340
3,065   Southcentral Pennsylvania General Authority, Revenue Bonds, Wellspan Health Obligated Group, Series 2019A, 5.000%, 6/01/49   6/29 at 100.00 Aa3 3,739,515
700   Westmoreland County Industrial Development Authority, Pennsylvania, Revenue Bonds, Excela Health Project, Series 2020A, 4.000%, 7/01/37   1/31 at 100.00 Baa1 790,594
87,055   Total Health Care       95,873,949
    Housing/Multifamily – 0.3%        
650   Clarion County Industrial Development Authority, Pennsylvania, Revenue Bonds, Clarion University Foundation Inc Student Housing Project at Clarion University, Series 2014A, 5.000%, 7/01/45   7/24 at 100.00 A1 708,065
485   East Hempfield Township Industrial Development Authority, Pennsylvania, Student Services Inc - Student Housing Project at Millersville University, Series 2014, 5.000%, 7/01/46   7/24 at 100.00 BB+ 493,745
100   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University Properties Inc Student Housing Project at East Stroudsburg University of Pennsylvania, Series 2016A, 5.000%, 7/01/35   7/26 at 100.00 Baa3 107,031
      57
Nuveen Pennsylvania Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Multifamily (continued)        
$205   Philadelphia Authority for Industrial Development, Pennsylvania, Multifamily Housing Revenue Bonds, Presbyterian Homes Germantown - Morrisville Project, Series 2005A, 5.625%, 7/01/35   3/21 at 100.00 Baa3 $205,098
1,440   Total Housing/Multifamily       1,513,939
    Housing/Single Family – 9.7%        
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2012-114:        
2,560   3.300%, 10/01/32   10/21 at 100.00 AA+ 2,586,752
1,980   3.650%, 10/01/37   10/21 at 100.00 AA+ 1,998,671
880   3.700%, 10/01/42   10/21 at 100.00 AA+ 888,536
710   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2015-117B, 3.900%, 10/01/35   10/24 at 100.00 AA+ 741,311
1,380   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-119, 3.500%, 10/01/36   4/25 at 100.00 AA+ 1,423,884
4,835   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-120, 3.200%, 4/01/40   10/25 at 100.00 AA+ 4,994,265
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-121:        
1,460   3.100%, 10/01/36   10/25 at 100.00 AA+ 1,513,597
6,365   3.200%, 10/01/41   10/25 at 100.00 AA+ 6,556,395
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-123B:        
1,180   3.450%, 10/01/32   10/26 at 100.00 AA+ 1,263,143
690   3.900%, 10/01/37   4/21 at 100.00 AA+ 692,063
2,000   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-124B, 3.500%, 10/01/37   10/26 at 100.00 AA+ 2,082,740
1,010   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-125B, 3.700%, 10/01/47   4/27 at 100.00 AA+ 1,071,388
1,850   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2018-126A, 3.700%, 10/01/33   4/27 at 100.00 AA+ 1,973,025
6,000   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-129, 3.350%, 10/01/45   10/28 at 100.00 AA+ 6,229,560
4,025   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-130A, 3.000%, 10/01/46   10/28 at 100.00 AA+ 4,103,648
2,355   Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2020-133, 2.500%, 10/01/45   10/29 at 100.00 AA+ 2,379,304
    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2020-134A:        
5,000   1.850%, 4/01/36 (WI/DD, Settling 3/31/21)   10/29 at 100.00 AA+ 4,861,000
3,545   2.050%, 4/01/41 (WI/DD, Settling 3/31/21)   10/29 at 100.00 AA+ 3,411,389
2,570   2.100%, 10/01/43 (WI/DD, Settling 3/31/21)   10/29 at 100.00 AA+ 2,462,240
50,395   Total Housing/Single Family       51,232,911
58      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Industrials – 1.1%        
$250   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, KDC Agribusiness Fairless Hills LLC Project, Series 2020A-1, 10.000%, 12/01/40, 144A   6/30 at 100.00 N/R $266,857
250   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, KDC Agribusiness Fairless Hills LLC Project, Series 2020A-2, 10.000%, 12/01/40 (AMT), 144A   6/30 at 100.00 N/R 266,858
2,525   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, National Gypsum Company, Refunding Series 2014, 5.500%, 11/01/44 (AMT)   11/24 at 100.00 N/R 2,621,329
    Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding Bonds, Amtrak Project, Series 2012A:        
955   5.000%, 11/01/27 (AMT)   11/22 at 100.00 A1 1,021,334
410   5.000%, 11/01/41 (AMT)   11/22 at 100.00 A1 435,871
1,000   Pennsylvania Economic Development Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Project, Series 2011, 2.150%, 7/01/41 (AMT) (Mandatory Put 7/01/24)   No Opt. Call A- 1,050,350
5,390   Total Industrials       5,662,599
    Long-Term Care – 4.8%        
1,510   Berks County Industrial Development Authority, Pennsylvania, Healthcare Facilities Revenue Bonds, Highlands at Wyomissing, Series 2017A, 5.000%, 5/15/42   5/27 at 100.00 BBB 1,690,581
1,600   Berks County Industrial Development Authority, Pennsylvania, Healthcare Facilities Revenue Bonds, The Highlands at Wyomissing, Series 2018, 5.000%, 5/15/48   5/25 at 102.00 BBB 1,756,976
90   Chester County Health and Education Facilities Authority, Pennsylvania, Revenue Bonds, Simpson Senior Services Project, Series 2015A, 5.000%, 12/01/35   12/25 at 100.00 N/R 92,790
860   Chester County Health and Education Facilities Authority, Pennsylvania, Revenue Bonds, Simpson Senior Services Project, Series 2019, 5.000%, 12/01/51   12/25 at 103.00 N/R 875,970
3,450   Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Asbury Pennsylvania Obligated Group, Refunding Series 2019, 5.000%, 1/01/45   1/25 at 104.00 N/R 3,714,304
    Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2015:        
1,600   4.000%, 1/01/33   1/25 at 100.00 BBB+ 1,690,112
2,030   5.000%, 1/01/38   1/25 at 100.00 BBB+ 2,233,731
    Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2016:        
355   5.000%, 1/01/28   1/26 at 100.00 BBB+ 409,280
1,000   5.000%, 1/01/29   1/26 at 100.00 BBB+ 1,149,390
910   5.000%, 1/01/30   1/26 at 100.00 BBB+ 1,040,949
135   3.250%, 1/01/36   1/26 at 100.00 BBB+ 138,833
1,430   3.250%, 1/01/39   1/26 at 100.00 N/R 1,462,747
    Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2019A:        
285   4.125%, 1/01/38   1/29 at 100.00 BBB+ 322,070
560   5.000%, 1/01/39   1/29 at 100.00 BBB+ 659,422
      59
Nuveen Pennsylvania Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Long-Term Care (continued)        
$1,135   East Hempfield Township Industrial Development Authority, Pennsylvania, Revenue Bonds, Willow Valley Communities Project, Refunding Series 2016, 5.000%, 12/01/39   12/25 at 100.00 A $1,284,888
340   Lancaster County Hospital Authority, Pennsylvania, Health Center Revenue Bonds, Masonic Villages Project, Series 2015, 5.000%, 11/01/35   5/25 at 100.00 A 373,748
    Lancaster County Hospital Authority, Pennsylvania, Health Center Revenue Bonds, Saint Anne's Retirement Community, Inc, Series 2020:        
610   5.000%, 3/01/45   3/27 at 102.00 BB+ 655,250
245   5.000%, 3/01/50   3/27 at 102.00 BB+ 262,493
2,000   Montgomery County Industrial Development Authority, Pennslyvania, Revenue Bonds, Meadowood Senior Living Project, Series 2018A, 5.000%, 12/01/48   12/25 at 102.00 BBB 2,215,100
2,000   Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS Retirement-Life Communities, Inc Obligated Group, Series 2016, 5.000%, 11/15/36   11/26 at 100.00 A- 2,332,360
1,100   Northampton County Industrial Development Authority, Pennsylvania, Revenue Bonds, Morningstar Senior Living, Inc, Series 2019, 5.000%, 11/01/49   11/26 at 103.00 BB+ 1,166,583
23,245   Total Long-Term Care       25,527,577
    Tax Obligation/General – 20.9%        
    Allegheny County, Pennsylvania, General Obligation Bonds, Series 2014C-74:        
950   5.000%, 12/01/32   12/24 at 100.00 AA- 1,099,179
415   5.000%, 12/01/34   12/24 at 100.00 AA- 479,503
4,950   Allegheny County, Pennsylvania, General Obligation Bonds, Series 2018C-77, 5.000%, 11/01/43   11/28 at 100.00 AA- 6,089,688
830   Allentown City School District, Lehigh County, Pennsylvania, General Obligation Bonds, Limited Tax Revenue Anticipation Note Series 2020, 2.375%, 3/31/21   3/21 at 100.00 N/R 830,066
    Allentown City School District, Lehigh County, Pennsylvania, General Obligation Bonds, Limited Tax Series 2019C:        
1,000   4.000%, 2/01/35  –  BAM Insured   8/29 at 100.00 AA 1,146,710
1,000   4.000%, 2/01/36  –  BAM Insured   8/29 at 100.00 AA 1,142,670
1,000   Avon Grove School District, Chester County, Pennsylvania, General Obligation Bonds, Series 2021A, 4.000%, 11/15/38 (WI/DD, Settling 3/02/21)   5/29 at 100.00 AA 1,177,800
    Bethel Park School District, Allegheny County, Pennsylvania, General Obligation Bonds, Refunding Series 2016:        
1,000   5.000%, 8/01/28   8/26 at 100.00 Aa2 1,224,710
1,050   4.000%, 8/01/31   8/26 at 100.00 Aa2 1,210,304
1,055   4.000%, 8/01/32   8/26 at 100.00 Aa2 1,213,872
1,180   4.000%, 8/01/33   8/26 at 100.00 Aa2 1,354,416
705   Boyertown Area School District, Berks and Montgomery Counties, Pennsylvania, General Obligation Bonds, Series 2015, 5.000%, 10/01/38   4/24 at 100.00 AA- 792,942
1,000   Cambria County, Pennsylvania, General Obligation Bonds, Notes Series 2020B, 4.000%, 8/01/33  –  AGM Insured   8/27 at 100.00 AA 1,120,200
1,675   Canon-McMillan School District, Washington County, Pennsylvania, General Obligation Bonds, Series 2014D, 5.000%, 12/15/38  –  BAM Insured   12/24 at 100.00 AA 1,911,359
60      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$2,635   Chambersburg Area School District, Franklin County, Pennsylvania, General Obligation Bonds, Series 2019, 4.000%, 3/01/29   3/27 at 100.00 Aa3 $3,056,863
2,005   Cheltenham Township School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2016B, 5.000%, 2/15/37   8/24 at 100.00 AA- 2,285,720
3,125   Chichester School District, Delaware County, Pennsylvania, General Obligation Bonds, Series 1999, 0.000%, 3/01/26  –  FGIC Insured   No Opt. Call AA- 2,956,031
    Coatesville Area School District, Chester County, Pennsylvania, General Obligation Bonds, Series 2020A:        
4,000   0.000%, 10/01/35  –  BAM Insured   10/30 at 81.91 AA 2,451,400
1,950   0.000%, 10/01/37  –  BAM Insured   10/30 at 75.27 AA 1,083,225
4,000   Colonial School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2020, 5.000%, 2/15/44   2/27 at 100.00 Aaa 4,801,240
805   Connellsville Area School District, Fayette County, Pennsylvania, General Obligation Bonds, Series 2019, 3.125%, 8/15/39   8/26 at 100.00 AA 845,765
2,630   Dallas School District, Luzerne County, Pennsylvania, General Obligation Bonds, Series 2019, 5.000%, 10/15/33  –  AGM Insured   10/29 at 100.00 AA 3,379,997
2,050   Delaware Valley Regional Finance Authority, Pennsylvania, Local Government Revenue Bonds, Series 2020B, 5.000%, 11/01/24   No Opt. Call A+ 2,363,322
170   Easton Area School District, Northampton County, Pennsylvania, General Obligation Bonds, Series 2020B, 5.000%, 2/01/31   2/28 at 100.00 Aa2 212,825
2,000   Fayette County, Pennsylvania, General Obligation Bonds, Notes Series 2021A, 2.000%, 11/15/43  –  AGM Insured (WI/DD, Settling 3/11/21)   11/30 at 100.00 AA 1,808,320
1,635   Girard School District, Erie County, Pennsylvania, General Obligation Bonds, Series 1999B, 0.000%, 11/15/28  –  FGIC Insured   No Opt. Call Baa2 1,422,188
900   Lancaster School District, Lancaster County, Pennsylvania, General Obligation Bonds, Series 2020, 4.000%, 6/01/35  –  AGM Insured   12/28 at 100.00 AA 1,060,011
2,240   Lehighton Area School District, Carbon County, Pennsylvania, General Obligation Bonds, Limited Tax Series 2015A, 5.000%, 11/15/43  –  BAM Insured   11/23 at 100.00 AA 2,475,603
1,000   Lower Paxton Township, Dauphin County, Pennsylvania, General Obligation Bonds, Series 2020B, 4.000%, 4/01/22   No Opt. Call Aa2 1,039,220
4,875   McKeesport Area School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series 1997D, 0.000%, 10/01/24  –  NPFG Insured   No Opt. Call A- 4,642,219
5,000   Mercer County, Pennsylvania, General Obligation Bonds, Variable Rate Demand Series 2011, 0.060%, 10/01/31  –  AGM Insured (Mandatory Put 3/05/21)   2/21 at 100.00 AA 5,000,000
    Norristown Area School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2016:        
1,000   4.000%, 9/01/31  –  AGM Insured   9/26 at 100.00 AA 1,141,980
1,000   4.000%, 9/01/33  –  AGM Insured   9/26 at 100.00 AA 1,134,340
    North Allegheny School District, Allegheny County, Pennsylvania, General Obligation Bonds, Limited Tax Series 2019:        
1,000   4.000%, 5/01/34   5/29 at 100.00 AA 1,165,250
1,545   4.000%, 5/01/36   5/29 at 100.00 AA 1,789,172
1,000   4.000%, 5/01/44   5/29 at 100.00 AA 1,128,910
      61
Nuveen Pennsylvania Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Penn Manor School District, Lancaster County, Pennsylvania, General Obligation Bonds, Series 2019A:        
$1,500   4.000%, 3/01/33   9/27 at 100.00 AA $1,737,345
1,745   4.000%, 3/01/34   9/27 at 100.00 AA 2,001,637
1,350   Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Junior Insured Series 2013C, 5.500%, 1/01/30  –  AGM Insured   1/24 at 100.00 AA 1,521,099
3,485   Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2007A, 5.000%, 6/01/34  –  NPFG Insured   No Opt. Call A+ 4,811,008
1,535   Philadelphia School District, Pennsylvania, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2020-21A, 4.000%, 6/30/21   No Opt. Call N/R 1,554,679
1,445   Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2014A, 5.000%, 7/15/38   1/24 at 100.00 A 1,610,655
1,065   Philadelphia, Pennsylvania, Tax and Revenue Anticipation Notes, Series A of 2020-2021, 4.000%, 6/30/21   No Opt. Call N/R 1,078,440
250   PIttsburgh School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series 2014A, 5.000%, 9/01/25  –  BAM Insured   9/22 at 100.00 AA 267,590
370   Pittsburgh, Pennsylvania, General Obligation Bonds, Refunding Series 2020A, 4.000%, 9/01/22   No Opt. Call AA- 390,609
    Radnor Township School District, Delaware County, Pennsylvania, General Obligation Bonds, Series 2019B:        
1,500   3.000%, 2/15/30   2/27 at 100.00 Aa1 1,630,635
1,160   3.000%, 2/15/32   2/27 at 100.00 Aa1 1,250,016
1,535   Rostraver Township, Westmoreland County, Pennsylvania, General Obligation Bonds, Series 2018, 3.500%, 9/01/34  –  AGM Insured   9/25 at 100.00 AA 1,640,071
1,285   Scranton, Lackawanna County, Pennsylvania, General Obligation Notes, Series 2016, 5.000%, 11/15/32   5/24 at 100.00 BB+ 1,370,054
    Seneca Valley School District, Butler County, Pennsylvania, General Obligation Bonds, Series 2021:        
1,375   4.000%, 7/15/32   1/29 at 100.00 Aa1 1,644,761
375   4.000%, 7/15/33   1/29 at 100.00 Aa1 447,360
2,000   State College Area School District, Centre County, Pennsylvania, General Obligation Bonds, Series 2015, 5.000%, 3/15/40   3/25 at 100.00 Aa1 2,305,480
    The Redevelopment Authority of the City of Scranton, Lackawanna county, Pennsylvania, Guaranteed Lease Revenue Bonds, Series 2016A:        
40   5.000%, 11/15/21   No Opt. Call BB+ 40,328
70   5.000%, 11/15/28   5/24 at 100.00 BB+ 71,616
62      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Upper Dublin School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2021A:        
$500   4.000%, 9/15/27   No Opt. Call Aa3 $596,005
450   4.000%, 9/15/29   3/29 at 100.00 Aa3 542,687
700   4.000%, 9/15/33   3/29 at 100.00 Aa3 822,108
1,690   4.000%, 9/15/37   3/29 at 100.00 Aa3 1,949,990
830   4.000%, 9/15/41   3/29 at 100.00 Aa3 946,798
    Upper Merion Area School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2020:        
200   2.000%, 9/01/26   No Opt. Call Aa1 212,372
200   3.000%, 9/01/29   9/28 at 100.00 Aa1 223,944
2,535   Upper Merion Area School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2021A, 4.000%, 1/15/46 (WI/DD, Settling 3/17/21)   1/29 at 100.00 Aa1 2,898,494
1,275   Upper St Clair Township School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series 2018, 5.000%, 10/01/41   10/24 at 100.00 AA 1,450,975
    Upper St Clair Township School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series 2020:        
2,095   3.000%, 10/01/28   No Opt. Call AA 2,341,037
2,725   3.000%, 10/01/29   10/28 at 100.00 AA 3,019,218
1,150   3.000%, 10/01/30   10/28 at 100.00 AA 1,266,161
1,000   West Mifflin Area School District, Allegheny County, Pennsylvania, General Obligation Bonds, Limited Tax Series 2019, 3.000%, 4/01/34  –  BAM Insured   10/29 at 100.00 AA 1,080,930
101,810   Total Tax Obligation/General       110,761,122
    Tax Obligation/Limited – 6.3%        
500   Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, Series 2012A, 5.000%, 5/01/35   5/22 at 100.00 Baa3 520,100
120   Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, 615 Waterfront Project, Senior Series 2021, 6.000%, 5/01/42, 144A   5/31 at 100.00 N/R 145,508
100   Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Series 2018, 5.000%, 5/01/33, 144A   5/28 at 100.00 Baa3 116,515
505   Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Refunding Project, Series 2017, 5.000%, 5/01/42, 144A   5/27 at 100.00 Baa3 572,983
100   Chester County Industrial Development Authority, Pennsylvania, Special Obligation Bonds, Woodlands at Greystone Project, Series 2018, 5.000%, 3/01/38, 144A   3/28 at 100.00 N/R 103,276
1,000   Chester, Delaware County, Pennsylvania, Tax and Revenue Anticipation Notes, Series 2021, 4.500%, 11/30/21, 144A   7/21 at 100.00 N/R 998,174
1,025   Commonwealth Financing Authority, Pennsylvania, Revenue Bonds, Refunding Series 2019B, 5.000%, 6/01/30   No Opt. Call A1 1,321,574
    Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018:        
840   5.000%, 6/01/33   6/28 at 100.00 A1 1,028,588
9,325   4.000%, 6/01/39  –  AGM Insured   6/28 at 100.00 AA 10,550,305
      63
Nuveen Pennsylvania Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$935   Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.250%, 1/01/36   1/22 at 100.00 BB $959,609
582   Monroe County Industrial Development Authority, Pennsylvania, Special Obligation Revenue Bonds, Tobyhanna Township Project, Series 2014, 6.875%, 7/01/33, 144A   7/24 at 100.00 N/R 598,692
    Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Bonds, Series 2014A:        
1,500   0.000%, 12/01/37 (4)   12/26 at 100.00 AA- 1,646,625
1,000   0.000%, 12/01/44 (4)   12/26 at 100.00 AA- 1,089,590
2,500   Pennsylvania Turnpike Commission, Oil Franchise Tax Revenue Bonds, Subordinate Series 2018B, 5.000%, 12/01/48   12/28 at 100.00 A+ 2,975,525
2,045   Philadelphia Authority For Industrial Development, Pennsylvania, City Agreement Revenue Bonds, Cultural and Commercial Corridors Program, Refunding Series 2016A, 5.000%, 12/01/30   12/25 at 100.00 A 2,433,754
    Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Hotel Room Excise Tax Revenue Bonds, Refunding Series 2012:        
1,530   5.000%, 2/01/26  –  AGM Insured   8/22 at 100.00 AA 1,621,571
1,220   4.000%, 2/01/29  –  AGC Insured   8/22 at 100.00 AA 1,275,949
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
1,125   4.750%, 7/01/53   7/28 at 100.00 N/R 1,227,859
1,604   5.000%, 7/01/58   7/28 at 100.00 N/R 1,776,494
1,001   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 1,094,664
500   Southeastern Pennsylvania Transportation Authority, Capital Grant Receipts Revenue Bonds, Transit Administration Section 5307 Urbanized Area Formula Series 2020, 5.000%, 6/01/21   No Opt. Call AA- 506,005
530   Washington County Redevelopment Authority, Pennsylvania, Tanger Outlet Victory Center Tax Increment Bonds, Series 2018, 5.000%, 7/01/35   1/28 at 100.00 BB 571,557
29,587   Total Tax Obligation/Limited       33,134,917
    Transportation – 7.0%        
    Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Refunding Series 2015:        
1,040   4.000%, 7/01/34  –  BAM Insured   7/25 at 100.00 AA 1,155,128
2,455   4.000%, 7/01/35  –  BAM Insured   7/25 at 100.00 AA 2,718,004
1,000   Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Series 2017, 5.000%, 7/01/47   7/27 at 100.00 A1 1,192,530
2,700   Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2018A, 5.000%, 1/01/38   1/29 at 100.00 A+ 3,300,480
    Delaware River Port Authority, Pennsylvania and New Jersey, Revenue Refunding Bonds, Port District Project, Series 2012:        
1,330   5.000%, 1/01/22   No Opt. Call A 1,373,424
1,000   5.000%, 1/01/25   1/23 at 100.00 A 1,063,070
1,845   Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Series 2013A, 5.250%, 1/01/44  –  AGM Insured   1/24 at 100.00 AA 2,003,910
64      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
$2,675   Pennsylvania Economic Development Financing Authority, Private Activity Revenue Bonds, Pennsylvania Rapid Bridge Replacement Project, Series 2015, 5.000%, 6/30/42 (AMT)   6/26 at 100.00 BBB $3,084,195
4,995   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009E, 6.375%, 12/01/38   12/27 at 100.00 A 6,573,370
825   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second Series 2016B-2, 5.000%, 6/01/39   6/26 at 100.00 A3 968,344
1,050   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2014C, 5.000%, 12/01/44   12/24 at 100.00 A+ 1,188,862
4,535   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015B, 5.000%, 12/01/45   12/25 at 100.00 A1 5,253,072
2,260   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, 6.250%, 6/01/33  –  AGM Insured   6/26 at 100.00 AA 2,839,396
    Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2017B-1:        
575   5.000%, 6/01/31   6/27 at 100.00 A3 693,186
570   5.000%, 6/01/33   6/27 at 100.00 A3 682,353
1,355   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A, 4.000%, 12/01/50   12/30 at 100.00 A 1,520,310
70   Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017A, 3.000%, 7/01/34  –  AGM Insured   7/27 at 100.00 AA 72,456
1,295   Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2020A, 4.000%, 7/01/35   7/30 at 100.00 A2 1,495,466
10   Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2018, 5.000%, 7/01/25   No Opt. Call AA- 11,846
31,585   Total Transportation       37,189,402
    U.S. Guaranteed – 6.7% (5)        
2,980   Allegheny County, Pennsylvania, General Obligation Bonds, Series C69-C70 of 2012, 5.000%, 12/01/37 (Pre-refunded 12/01/22)   12/22 at 100.00 AA- 3,231,542
1,400   Beaver County Hospital Authority, Pennsylvania, Revenue Bonds, Heritage Valley Health System, Inc, Series 2012, 5.000%, 5/15/27 (Pre-refunded 5/15/21)   5/21 at 100.00 A3 1,413,552
1,025   Bristol Township School District, Bucks County, Pennsylvania, General Obligation Bonds, Series 2013, 5.250%, 6/01/43 (Pre-refunded 6/01/23)   6/23 at 100.00 A2 1,140,261
    Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2015:        
265   4.000%, 1/01/33 (Pre-refunded 1/01/25)   1/25 at 100.00 N/R 298,745
220   5.000%, 1/01/38 (Pre-refunded 1/01/25)   1/25 at 100.00 N/R 256,329
625   Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2016, 3.250%, 1/01/39 (Pre-refunded 1/01/26)   1/26 at 100.00 N/R 698,356
3,280   Lancaster County Hospital Authority, Pennsylvania, Health System Revenue Bonds, Lancaster General Hospital Project, Series 2012B, 5.000%, 7/01/42 (Pre-refunded 1/01/22)   1/22 at 100.00 N/R 3,410,019
      65
Nuveen Pennsylvania Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
    Lancaster Industrial Development Authority, Pennsylvania, Revenue Bonds, Garden Spot Village Project, Series 2013:        
$250   5.375%, 5/01/28 (Pre-refunded 5/01/23)   5/23 at 100.00 N/R $277,460
430   5.750%, 5/01/35 (Pre-refunded 5/01/23)   5/23 at 100.00 N/R 480,706
2,395   Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession, Series 2013A, 5.125%, 12/01/47 (Pre-refunded 12/01/23)   12/23 at 100.00 N/R 2,707,380
2,010   Lehigh County General Purpose Authority, Pennsylvania, Revenue Bonds, Good Shepherd Group, Series 2012, 4.000%, 11/01/32 (Pre-refunded 11/01/22)   11/22 at 100.00 A 2,136,811
1,010   Monroe County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Pocono Medical Center, Series 2012A, 5.000%, 1/01/41 (Pre-refunded 1/01/22)   1/22 at 100.00 N/R 1,049,168
1,310   Montgomery County Higher Education and Health Authority, Pennsylvania, Hospital Revenue Bonds, Abington Memorial Hospital Obligated Group, Series 2012A, 5.000%, 6/01/31 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R 1,387,775
3,085   Montgomery County Industrial Development Authority, Pennsylvania, Health Facilities Revenue Bonds, Jefferson Health System, Series 2012A, 5.000%, 10/01/41 (Pre-refunded 4/01/22)   4/22 at 100.00 Aa3 3,247,178
850   Montgomery County Industrial Development Authority, Pennsylvania, Revenue Bonds, ACTS Retirement-Life Communities, Inc Obligated Group, Refunding Series 2012, 5.000%, 11/15/26 (Pre-refunded 5/15/22)   5/22 at 100.00 A- 899,733
1,110   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Philadelphia University, Refunding Series 2013, 5.000%, 6/01/32 (Pre-refunded 6/01/23)   6/23 at 100.00 N/R 1,227,283
180   Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Shippensburg University Student Services, Inc Student Housing Project at Shippensburg University of Pennsylvania, Series 2012, 5.000%, 10/01/44 (Pre-refunded 10/01/22)   10/22 at 100.00 N/R 193,657
2,990   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Senior Lien Series 2012A, 5.000%, 12/01/24 (Pre-refunded 12/01/22)   12/22 at 100.00 A+ 3,236,884
    Pittsburgh, Pennsylvania, General Obligation Bonds, Series 2012B:        
2,925   5.000%, 9/01/25 (Pre-refunded 9/01/22)   9/22 at 100.00 AA- 3,137,530
1,220   5.000%, 9/01/26 (Pre-refunded 9/01/22)   9/22 at 100.00 AA- 1,308,645
280   Scranton, Pennsylvania, Sewer Authority Revenue Bonds, Series 2011A, 5.500%, 12/01/35 (Pre-refunded 12/01/21)  –  AGM Insured   12/21 at 100.00 AA 291,248
2,095   Southcentral Pennsylvania General Authority, Revenue Bonds, Wellspan Health Obligated Group, Refunding Series 2014A, 5.000%, 6/01/44 (Pre-refunded 6/01/24)   6/24 at 100.00 Aa3 2,404,850
240   Union County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Evangelical Community Hospital Project, Refunding & Improvement Series 2011, 7.000%, 8/01/41 (Pre-refunded 8/01/21)   8/21 at 100.00 A- 246,696
530   West Shore Area Authority, Cumberland County, Pennsylvania, Hospital Revenue Bonds, Holy Spirit Hospital of the Sisters of Christian Charity, Series 2011B, 5.750%, 1/01/41 (Pre-refunded 1/01/22)   1/22 at 100.00 A1 554,534
32,705   Total U.S. Guaranteed       35,236,342
66      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities – 9.8%        
    Allegheny County Sanitary Authority, Pennsylvania, Sewer Revenue Bonds, Refunding Series 2015:        
$1,770   5.000%, 12/01/40   12/25 at 100.00 Aa3 $2,082,122
1,355   5.000%, 12/01/45   12/25 at 100.00 Aa3 1,582,328
    Allegheny County Sanitary Authority, Pennsylvania, Sewer Revenue Bonds, Series 2020B:        
330   4.000%, 6/01/45   12/30 at 100.00 Aa3 381,496
285   4.000%, 6/01/50   12/30 at 100.00 Aa3 327,781
25   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 4.375%, 1/01/35 (Mandatory Put 7/01/22)   No Opt. Call N/R 25,750
3,475   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35 (6)   No Opt. Call N/R 4,344
2,270   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (6)   No Opt. Call N/R 2,838
    Bucks County Water and Sewer Authority, Pennsylvania, Water System Revenue Bonds, Series 2020:        
275   2.000%, 12/01/40   12/28 at 100.00 AA 250,233
935   2.125%, 12/01/45   12/28 at 100.00 AA 840,060
    Delaware County Regional Water Quality Control Authority, Pennsylvania, Sewer Revenue Bonds, Series 2015:        
400   5.000%, 5/01/40   5/25 at 100.00 Aa3 462,936
785   4.000%, 5/01/45   5/25 at 100.00 Aa3 834,471
1,930   Lehigh County Authority, Pennsylvania, Water and Sewer Revenue Bonds, Allentown Concession, Series 2013A, 5.125%, 12/01/47   12/23 at 100.00 A 2,139,212
1,325   Luzerne County Industrial Development Authority, Pennsylvania, Revenue Bonds, Pennsylvania-American Water Company Project, Refunding Series 2019, 2.450%, 12/01/39 (AMT) (Mandatory Put 12/03/29)   12/29 at 100.00 A+ 1,412,755
4,305   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41 (6)   No Opt. Call N/R 5,381
2,265   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, York Water Company Project, Refunding Series 2019A, 3.000%, 10/01/36 (AMT)   10/29 at 100.00 A- 2,364,094
4,060   Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, York Water Company Project, Refunding Series 2019B, 3.100%, 11/01/38 (AMT)   11/29 at 100.00 A- 4,242,335
7,450   Pennsylvania Economic Development Financing Authority, Revenue Bonds, Pennsylvania-American Water Company, Refunding Series 2019, 3.000%, 4/01/39   10/29 at 100.00 A+ 7,928,662
3,165   Philadelphia Gas Works, Pennsylvania, Revenue Bonds, 1998 General Ordinance, Sixteenth Series 2020A, 5.000%, 8/01/50  –  AGM Insured   8/30 at 100.00 AA 3,904,249
2,000   Philadelphia Gas Works, Pennsylvania, Revenue Bonds, General Ordinance, Fifteenth Series 2017, 5.000%, 8/01/47   8/27 at 100.00 A 2,343,480
1,975   Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Refunding Thirteenth Series 2015, 5.000%, 8/01/30   8/25 at 100.00 A 2,297,004
      67
Nuveen Pennsylvania Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$5,005   Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2015A, 5.000%, 7/01/45   7/24 at 100.00 A+ $5,631,276
2,000   Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Series 2019B, 5.000%, 11/01/54   11/29 at 100.00 A+ 2,456,460
310   Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, First Lien Series 2020B, 4.000%, 9/01/45  –  AGM Insured   9/30 at 100.00 AA 358,307
1,500   Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, Refunding First Lien Series 2017C, 0.680%, 9/01/40  –  AGM Insured (Mandatory Put 12/01/23) (SIFMA *100% Reference Rate + 0.650% Spread) (7)   6/23 at 100.00 AA 1,503,735
915   Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, Refunding Subordinate Series 2019B, 4.000%, 9/01/34  –  AGM Insured   9/29 at 100.00 AA 1,091,650
    University Area Joint Authority, Centre County, Pennsylvania, Sewer Revenue Bonds, Series 2021:        
865   3.000%, 11/01/34  –  BAM Insured   11/26 at 100.00 AA 933,698
525   3.000%, 11/01/35  –  BAM Insured   11/26 at 100.00 AA 565,362
1,000   Upper Allegheny Joint Sanitary Authority, Allegheny County, Pennsylvania, Sewer Revenue Bonds, Refunding Series 2019A, 3.000%, 9/01/44  –  AGM Insured   9/29 at 100.00 AA 1,055,650
1,000   West Mifflin Sanitary Sewer Municipal Authority, Allegheny County, Pennsylvania, Sewer Revenue Bonds, Green Series 2020B, 2.250%, 8/01/38  –  BAM Insured   8/25 at 100.00 AA 959,440
    Williamsport Sanitary Authority, Lycoming County, Pennsylvania, Sewer Revenue Bonds, Series 2021:        
1,000   5.000%, 1/01/23  –  BAM Insured   No Opt. Call AA 1,086,310
1,615   5.000%, 1/01/24  –  BAM Insured   No Opt. Call AA 1,826,016
575   5.000%, 1/01/28  –  BAM Insured   No Opt. Call AA 729,865
56,690   Total Utilities       51,629,300
$487,692   Total Municipal Bonds (cost $495,440,702)       521,622,106
    
Shares   Description (1)       Value
    COMMON STOCKS – 1.7%        
    Electric Utilities – 1.7%        
324,114   Energy Harbor Corp, (8), (9), (10)       $9,115,706
    Total Common Stocks (cost $9,068,453)       9,115,706
    Total Long-Term Investments (cost $504,509,155)       530,737,812
    
68      
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    SHORT-TERM INVESTMENTS – 1.8%        
    MUNICIPAL BONDS – 1.8%        
    Tax Obligation/General – 0.8%        
$4,000   Pennsylvania State, General Obligation Bonds, Variable Rate Demand Obligations, Tender Option Bonds 2018-XF2604, 0.050%, 3/01/26 (Mandatory Put 3/05/21),144A (11)   No Opt. Call F1 $4,000,000
    Tax Obligation/Limited – 0.5%        
2,925   Commonwealth Financing Authority, Pennsylvania, Tobacco Master Settlement Payment Revenue Bonds, Tender Option Bond Trust, Variable Rate Demand Obligations, Series 2018-XX1080, 0.070%, 6/01/35 (Mandatory Put 3/04/21),144A (11)   6/28 at 100.00 A-1 2,925,000
    Utilities – 0.5%        
2,780   Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Eighth Series, Variable Rate Demand Obligations, Series 2009D, 0.030%, 8/01/31 (Mandatory Put 3/04/21) (11)   5/21 at 100.00 A-1+ 2,780,000
$9,705   Total Short-Term Investments (cost $9,705,000)       9,705,000
    Total Investments (cost $514,214,155) – 102.2%       540,442,812
    Other Assets Less Liabilities – (2.2)% (12)       (11,812,582)
    Net Assets – 100%       $528,630,230
Investments in Derivatives
Futures Contracts  
Description Contract
Position 		Number of
Contracts 		Expiration
Date 		Notional
Amount 		Value Unrealized
Appreciation
(Depreciation) 		Variation
Margin
Receivable/
(Payable)
U.S. Treasury Long Bond Short (28) 6/21 $(4,444,069) $(4,458,125) $(14,056) $(28,000)
U.S. Treasury 10-Year Note Short (39) 6/21 (5,237,178) (5,176,031) 61,147 (5,484)
Total       $(9,681,247) $(9,634,156) $47,091 $(33,484)
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.
      69
Nuveen Pennsylvania Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $521,622,106 $ — $521,622,106
Common Stocks  — 9,115,706  — 9,115,706
Short-Term Investments:        
Municipal Bonds  — 9,705,000  — 9,705,000
Investments in Derivatives:        
Futures Contracts* 47,091  —  — 47,091
Total $47,091 $540,442,812 $ — $540,489,903
    
* Represents net unrealized appreciation (depreciation).
    
(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) 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) 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) 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) Variable rate security. The rate shown is the coupon as of the end of the reporting period.  
(8) Common Stock received as part of the bankruptcy settlement 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 2006B, 3.500%, 12/01/35, Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shipping port Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41.  
(9) For fair value measurement disclosure purposes, investment classified as Level 2.  
(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 well as the OTC cleared and exchange-traded derivatives, when applicable.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
SIFMA Securities Industry and Financial Market Association  
WI/DD Purchased on a when-issued or delayed delivery basis.  
70      
Nuveen Virginia Municipal Bond Fund
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 98.0%        
    MUNICIPAL BONDS – 97.9%        
    Consumer Staples  – 1.9%        
    Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A:        
$265   5.250%, 6/01/32   3/21 at 100.00 N/R $265,093
600   5.625%, 6/01/47   3/21 at 100.00 N/R 600,174
6,155   Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds, Series 2007B1, 5.000%, 6/01/47   3/21 at 100.00 B- 6,188,791
4,910   Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds, Series 2007B2, 5.200%, 6/01/46   6/21 at 100.00 B- 4,928,658
11,930   Total Consumer Staples       11,982,716
    Education and Civic Organizations – 9.3%        
1,685   Alexandria Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds, Episcopal High School, Series 2017, 4.000%, 1/01/40   1/27 at 100.00 A1 1,865,935
    College of William and Mary, Virginia, General Pledge Revenue Bonds, Series 2020A:        
750   5.000%, 2/15/30   No Opt. Call AA 982,568
260   5.000%, 2/15/31   2/30 at 100.00 AA 337,836
375   5.000%, 2/15/32   2/30 at 100.00 AA 484,324
370   5.000%, 2/15/33   2/30 at 100.00 AA 476,042
375   4.000%, 2/15/34   2/30 at 100.00 AA 440,726
1,455   Industrial Development Authority of the City of Lexington, Virginia, Washington and Lee University, Educational Facility Revenue Bonds, Refunding Series 2018A, 5.000%, 1/01/48   1/28 at 100.00 AA 1,748,488
2,000   Madison County Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds, Woodberry Forest School, Series 2021, 3.000%, 10/01/50   10/30 at 100.00 Aa1 2,122,300
500   Montgomery County Economic Development Authority, Virginia, Revenue Bonds, Virginia Tech Foundation, Refunding Series 2017A, 4.000%, 6/01/37   6/27 at 100.00 Aa2 563,360
    Montgomery County Economic Development Authority, Virginia, Revenue Bonds, Virginia Tech Foundation, Refunding Series 2019A:        
3,250   4.000%, 6/01/34   6/29 at 100.00 Aa2 3,818,523
1,200   4.000%, 6/01/36   6/29 at 100.00 Aa2 1,400,976
985   4.000%, 6/01/39   6/29 at 100.00 Aa2 1,139,753
750   Roanoke Economic Development Authority, Virginia, Educational Facilities Revenue Bonds, Lynchburg College, Series 2018A, 5.000%, 9/01/43   9/28 at 100.00 BBB+ 850,680
1,000   Salem Economic Development Authority, Virginia, Educational Facilities Revenue Bonds, Roanoke College, Series 2020, 4.000%, 4/01/45   4/30 at 100.00 BBB+ 1,063,510
2,500   The Rector and Visitors of the University of Virginia, General Pledge Revenue Bonds, Green Series 2015A-2, 5.000%, 4/01/45   4/25 at 100.00 AAA 2,873,025
      71
Nuveen Virginia Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$8,855   The Rector and Visitors of the University of Virginia, General Pledge Revenue Bonds, Refunding Series 2017A, 5.000%, 4/01/42   4/27 at 100.00 AAA $10,653,096
585   The Rector and Visitors of the University of Virginia, General Pledge Revenue Bonds, Series 2015B, 5.000%, 8/01/21   No Opt. Call AAA 596,858
7,000   The Rector and Visitors of the University of Virginia, General Pledge Revenue Bonds, Series 2019B, 5.000%, 9/01/49   9/29 at 100.00 AAA 8,848,630
1,000   Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount University Project, Green Series 2015B, 5.000%, 7/01/45, 144A   7/25 at 100.00 BB+ 1,041,370
    Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount University Project, Refunding Series 2015A:        
3,000   5.000%, 7/01/35, 144A   7/25 at 100.00 BB+ 3,161,970
3,065   5.000%, 7/01/45, 144A   7/25 at 100.00 BB+ 3,191,799
1,575   Virginia College Building Authority, Educational Facilities Revenue Bonds, Washington and Lee University, Series 1998, 5.250%, 1/01/31  –  NPFG Insured   No Opt. Call AA 2,034,601
2,190   Virginia College Building Authority, Educational Facilities Revenue Bonds, Washington and Lee University, Series 2015A, 5.000%, 1/01/40   1/25 at 100.00 AA 2,434,733
525   Virginia Commonwealth University, General Pledge Revenue Bonds, Refunding Series 2018A, 5.000%, 11/01/38   11/28 at 100.00 AA- 648,585
4,975   Virginia Commonwealth University, General Pledge Revenue Bonds, Refunding Series 2020A, 5.000%, 11/01/33   11/30 at 100.00 AA- 6,422,874
50,225   Total Education and Civic Organizations       59,202,562
    Health Care – 13.2%        
    Arlington County Industrial Development Authority, Virginia, Hospital Facility Revenue Bonds, Virginia Hospital Center, Series 2020:        
1,550   5.000%, 7/01/29   No Opt. Call AA- 1,997,671
1,200   5.000%, 7/01/31   7/30 at 100.00 AA- 1,565,316
1,165   5.000%, 7/01/33   7/30 at 100.00 AA- 1,504,772
325   5.000%, 7/01/37   7/30 at 100.00 AA- 413,754
1,195   4.000%, 7/01/38   7/30 at 100.00 AA- 1,391,267
1,075   4.000%, 7/01/45   7/30 at 100.00 AA- 1,226,435
    Chesapeake Hospital Authority, Virginia, Hospital Facility Revenue Bonds, Chesapeake Regional Medical Center, Series 2019:        
1,375   5.000%, 7/01/28   No Opt. Call A 1,720,400
725   5.000%, 7/01/29   No Opt. Call A 921,946
4,030   5.000%, 7/01/30   7/29 at 100.00 A 5,075,301
1,470   5.000%, 7/01/34   7/29 at 100.00 A 1,819,684
560   4.000%, 7/01/35   7/29 at 100.00 A 637,745
1,205   4.000%, 7/01/37   7/29 at 100.00 A 1,362,759
1,920   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 4.000%, 8/01/44   8/29 at 100.00 BBB+ 2,130,758
1,500   Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova Health System, Series 2014A, 4.000%, 5/15/44   5/24 at 100.00 AA+ 1,628,925
72      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$2,000   Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova Health System, Series 2018A, 4.000%, 5/15/48   5/28 at 100.00 AA+ $2,253,180
310   Fairfax County Industrial Development Authority, Virginia, Hospital Revenue Refunding Bonds, Inova Health System, Series 1993A, 5.000%, 8/15/23   No Opt. Call AA+ 331,951
2,500   Fredericksburg Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds, MediCorp Health System, Series 2007, 5.250%, 6/15/21   No Opt. Call A3 2,534,400
2,000   Front Royal and Warren County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Valley Health System Obligated Group, Series 2018, 4.000%, 1/01/50   1/25 at 103.00 A+ 2,165,720
3,500   Industrial Development Authority of the City of Newport News, Virginia, Health System Revenue Bonds, Riverside Health System, Series 2015A, 5.330%, 7/01/45, 144A   7/25 at 100.00 N/R 3,816,470
    Lynchburg Economic Development Authority, Virginia, Hospital Revenue Bonds, Centra Health Obligated Group, Refunding Series 2017A:        
180   5.000%, 1/01/32   1/27 at 100.00 A- 213,079
2,000   5.000%, 1/01/47   1/27 at 100.00 A- 2,309,880
1,000   Norfolk Economic Development Authority, Virginia, Hospital Facility Revenue Bonds, Sentara Healthcare Systems, Refunding Series 2018B, 4.000%, 11/01/48   11/28 at 100.00 AA 1,116,320
1,000   Prince William County Industrial Development Authority, Virginia, Health Care Facilities Revenue Bonds, Novant Health Obligated Group-Prince William Hospital, Refunding Series 2013B, 5.000%, 11/01/25   11/22 at 100.00 AA- 1,068,900
    Roanoke Economic Development Authority, Virginia, Hospital Revenue Bonds, Carilion Clinic Obligated Group, Series 2020A:        
875   4.000%, 7/01/36   7/30 at 100.00 AA- 1,038,888
6,000   4.000%, 7/01/51   7/30 at 100.00 AA- 6,916,860
4,500   Roanoke Economic Development Authority, Virginia, Hospital Revenue Bonds, Carilion Clinic Obligated Group, Series 2020D, 5.000%, 7/01/53 (Mandatory Put 7/01/30)   1/30 at 100.00 AA- 5,849,505
    Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds, Mary Washington Healthcare Obligated Group, Refunding Series 2016:        
1,000   5.000%, 6/15/32   6/26 at 100.00 A3 1,158,060
1,800   5.000%, 6/15/35   6/26 at 100.00 A3 2,069,838
1,600   5.000%, 6/15/36   6/26 at 100.00 A3 1,835,536
1,360   4.000%, 6/15/37   6/26 at 100.00 A3 1,468,474
3,300   Virginia Commonwealth University Health System Authority, General Revenue Bonds, Series 2017B, 5.000%, 7/01/46   7/27 at 100.00 AA- 3,858,360
6,660   Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Bon Secours Mercy Health, Inc, Series 2020A, 4.000%, 12/01/49   6/30 at 100.00 AA- 7,574,751
    Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Sentara Healthcare, Refunding Series 2020:        
4,000   4.000%, 11/01/37   11/29 at 100.00 AA 4,630,080
2,150   4.000%, 11/01/38   11/29 at 100.00 AA 2,481,293
      73
Nuveen Virginia Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Winchester Economic Development Authority, Virginia, Hospital Revenue Bonds, Valley Health System Obligated Group, Refunding Series 2015:        
$1,250   5.000%, 1/01/32   1/26 at 100.00 A+ $1,453,237
1,230   5.000%, 1/01/34   1/26 at 100.00 A+ 1,426,874
2,000   4.000%, 1/01/37   1/26 at 100.00 A+ 2,189,600
1,215   5.000%, 1/01/44   1/26 at 100.00 A+ 1,387,494
72,725   Total Health Care       84,545,483
    Housing/Multifamily – 3.1%        
785   Fairfax County Redevelopment and Housing Authority, Virginia, FHA-Insured Elderly Housing Mortgage Revenue Refunding Bonds, Little River Glen, Series 1996, 6.100%, 9/01/26   3/21 at 100.00 AA 787,928
695   Richmond Redevelopment and Housing Authority, Virginia, Multi-Family Housing Revenue Bonds, American Tobacco Apartments, Series 2017, 5.550%, 1/01/37, 144A   1/27 at 100.00 N/R 722,258
    Virginia Housing Development Authority, Rental Housing Bonds, Series 2015A:        
1,510   3.500%, 3/01/35   3/24 at 100.00 AA+ 1,579,505
1,790   3.625%, 3/01/39   3/24 at 100.00 AA+ 1,869,279
1,000   Virginia Housing Development Authority, Rental Housing Bonds, Series 2015C, 4.000%, 8/01/45   8/24 at 100.00 AA+ 1,051,330
2,585   Virginia Housing Development Authority, Rental Housing Bonds, Series 2015E, 3.750%, 12/01/40   12/24 at 100.00 AA+ 2,723,375
1,500   Virginia Housing Development Authority, Rental Housing Bonds, Series 2016B, 3.350%, 5/01/36   5/25 at 100.00 AA+ 1,578,600
1,710   Virginia Housing Development Authority, Rental Housing Bonds, Series 2017A, 3.875%, 3/01/47   3/26 at 100.00 AA+ 1,811,557
3,000   Virginia Housing Development Authority, Rental Housing Bonds, Series 2019A, 3.600%, 9/01/39   3/28 at 100.00 AA+ 3,249,270
1,250   Virginia Housing Development Authority, Rental Housing Bonds, Series 2020E, 2.300%, 7/01/40   7/29 at 100.00 AA+ 1,267,538
1,745   Virginia Housing Development Authority, Rental Housing Bonds, Series 2020G, 2.200%, 9/01/40   9/29 at 100.00 Aa1 1,755,557
1,295   Waynesboro Redevelopment and Housing Authority, Virginia, Multifamily Housing Revenue Bonds, Epworth Manor, GNMA Collateralized Series 2010, 5.000%, 10/20/51   3/21 at 100.00 AA+ 1,298,587
18,865   Total Housing/Multifamily       19,694,784
    Long-Term Care – 3.1%        
    Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage Revenue Bonds, Goodwin House, Inc, Series 2016A:        
4,725   5.000%, 10/01/42   10/24 at 102.00 BBB+ 5,281,133
700   4.000%, 10/01/42   10/24 at 102.00 BBB+ 753,312
    Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Revenue Bonds, Vinson Hall LLC, Series 2013A:        
1,000   5.000%, 12/01/42   12/23 at 100.00 BBB+ 1,070,890
1,000   5.000%, 12/01/47   12/23 at 100.00 BBB+ 1,067,860
74      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Long-Term Care (continued)        
$700   Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue Bonds, Westminster Canterbury of Richmond, Refunding Series 2020, 4.000%, 10/01/45   10/26 at 103.00 A- $764,673
1,000   Lexington Industrial Development Authority, Virginia, Residential Care Facility Revenue Bonds, Kendal at Lexington Retirement Community Inc, Refunding Series 2016, 4.000%, 1/01/37   1/25 at 102.00 BBB- 1,031,990
845   Lexington Industrial Development Authority, Virginia, Residential Care Facility Revenue Bonds, Kendal at Lexington Retirement Community Inc, Refunding Series 2017A, 5.000%, 1/01/48   1/23 at 103.00 BBB- 901,218
3,300   Norfolk Redevelopment and Housing Authority, Virginia, Fort Norfolk Retirement Community, Inc, Harbor's Edge Project, Series 2019A, 5.250%, 1/01/54   1/24 at 104.00 N/R 3,495,657
1,500   Prince William County Industrial Development Authority, Virginia, Residential Care Facility Revenue Bonds, Westminster at Lake Ridge, Refunding Series 2016, 5.000%, 1/01/46   1/25 at 102.00 BB 1,532,595
    Suffolk Economic Development Authority, Virginia, Retirement Facilities First Mortgage Revenue Bonds, Lake Prince Center, Inc/United Church Homes and Services Obligated Group, Refunding Series 2016:        
1,110   5.000%, 9/01/26   9/24 at 102.00 N/R 1,187,067
1,500   5.000%, 9/01/31   9/24 at 102.00 N/R 1,587,270
1,025   Virginia Small Business Financing Authority, Revenue Bonds, National Senior Campuses Inc Obligated Group, Series 2020A, 4.000%, 1/01/45   7/27 at 103.00 A 1,126,680
18,405   Total Long-Term Care       19,800,345
    Tax Obligation/General – 5.6%        
1,000   Arlington County, Virginia, General Obligation Bonds, Public Improvement Series 2013A, 5.000%, 8/01/21   No Opt. Call AAA 1,020,230
2,000   Arlington County, Virginia, General Obligation Bonds, Refunding Public Improvement Series 2020A, 5.000%, 8/01/30   No Opt. Call AAA 2,672,600
4,600   Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds, Capital Appreciation, Election 2006 Refunding Series 2009C, 0.000%, 8/01/32   No Opt. Call AA 3,485,052
3,000   Fairfax County, Virginia, General Obligation Bonds, Public Improvement Series 2020A, 5.000%, 10/01/39   4/30 at 100.00 AAA 3,876,540
500   Hampton, Virginia, General Obligation Bonds, Public Improvement Environmental Impact Green Series 2020A, 4.000%, 9/01/32   9/30 at 100.00 AA+ 619,750
3,465   Loudoun County, Virginia, General Obligation Bonds, Public Improvement Series 2017A, 5.000%, 12/01/25   No Opt. Call AAA 4,193,759
2,000   Loudoun County, Virginia, General Obligation Bonds, Public Improvement Series 2019A, 4.000%, 12/01/30   12/28 at 100.00 AAA 2,425,940
3,100   Newport News, Virginia, General Obligation Bonds, General improvement Series 2019A, 5.000%, 2/01/22   No Opt. Call AA+ 3,238,415
1,250   Norfolk, Virginia, General Obligation Bonds, Capital Improvement Series 2016A, 5.000%, 10/01/28   10/26 at 100.00 AAA 1,539,338
1,000   Norfolk, Virginia, General Obligation Bonds, Capital Improvement Series 2019, 5.000%, 8/01/31   8/28 at 100.00 AAA 1,273,790
400   Norfolk, Virginia, General Obligation Bonds, Capital Improvement Series 2020A, 4.000%, 9/01/40   3/30 at 100.00 AAA 469,104
      75
Nuveen Virginia Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$6,715   Patterson Joint Unified School District, Stanislaus County, California, General Obligation Bonds, 2008 Election Series 2009B, 0.000%, 8/01/45  –  AGM Insured   No Opt. Call AA $3,313,852
370   Richmond, Virginia, General Obligation Bonds, Refunding & Public Improvement Series 2017D, 5.000%, 3/01/32   No Opt. Call AA+ 511,710
805   Richmond, Virginia, General Obligation Bonds, Refunding & Public Improvement Series 2019A, 4.000%, 7/15/32   7/29 at 100.00 AA+ 976,666
2,710   Virginia State, General Obligation Bonds, Series 2020A, 4.000%, 6/01/30   No Opt. Call AAA 3,380,752
7,110   Wylie Independent School District, Collin County, Texas, General Obligation Bonds, School Building Series 2015B, 0.000%, 8/15/48   8/25 at 38.79 Aaa 2,561,093
40,025   Total Tax Obligation/General       35,558,591
    Tax Obligation/Limited – 26.4%        
    Arlington County Industrial Development Authority, Virginia, Revenue Bonds, Refunding County Projects, Series 2017:        
1,485   5.000%, 2/15/34   8/27 at 100.00 Aa1 1,831,777
1,000   5.000%, 2/15/35   8/27 at 100.00 Aa1 1,229,610
925   5.000%, 2/15/36   8/27 at 100.00 Aa1 1,133,588
    Buena Vista Public Recreational Facilities Authority, Virginia, Lease Revenue Bonds, Golf Course Project, Series 2005A:        
310   5.250%, 7/15/25  –  ACA Insured   3/21 at 100.00 N/R 310,384
520   5.500%, 7/15/35  –  ACA Insured   3/21 at 100.00 N/R 520,442
1,000   Dulles Town Center Community Development Authority, Loudon County, Virginia Special Assessment Refunding Bonds, Dulles Town Center Project, Series 2012, 4.250%, 3/01/26   3/22 at 100.00 N/R 1,009,050
100   Embrey Mill Community Development Authority, Virginia, Special Assessment Revenue Bonds, Series 2015, 5.600%, 3/01/45, 144A   3/25 at 100.00 N/R 105,230
1,000   Fairfax County Economic Development Authority, Virginia, County Facilities Revenue Bonds, Refunding Series 2017B, 5.000%, 10/01/34   10/27 at 100.00 AA+ 1,237,060
1,000   Fairfax County Economic Development Authority, Virginia, Revenue Bonds, Metrorail Parking System Project, Series 2017, 5.000%, 4/01/37   4/27 at 100.00 AA+ 1,209,380
    Fairfax County Economic Development Authority, Virginia, Revenue Bonds, Wiehle Avenue Metrorail Station Parking Project, Refunding Series 2020 Forward Delivery:        
1,540   5.000%, 8/01/30   No Opt. Call AA+ 2,045,012
1,570   5.000%, 8/01/31   8/30 at 100.00 AA+ 2,088,320
1,500   5.000%, 8/01/34   8/30 at 100.00 AA+ 1,959,030
    Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D:        
3,000   5.000%, 11/15/33   11/25 at 100.00 BB 3,361,740
1,000   5.000%, 11/15/35   11/25 at 100.00 BB 1,116,460
    Government of Guam, Business Privilege Tax Bonds, Series 2011A:        
1,020   5.000%, 1/01/31   1/22 at 100.00 BB 1,046,275
500   5.250%, 1/01/36   1/22 at 100.00 BB 513,160
76      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A:        
$1,000   5.000%, 12/01/30   12/26 at 100.00 BB $1,150,830
1,000   5.000%, 12/01/33   12/26 at 100.00 BB 1,139,740
    Hampton Roads Transportation Accountability Commision, Revenue Bonds, Senior Lien Series 2020A:        
3,000   5.000%, 7/01/45   7/30 at 100.00 AA 3,814,440
2,000   5.250%, 7/01/60   7/30 at 100.00 AA 2,562,980
2,965   Hampton Roads Transportation Accountability Commission, Virginia, Hampton Roads Transportation Fund Revenue Bonds, Intermediate Lien Bond Anticipation Note Series 2019A, 5.000%, 7/01/22   No Opt. Call Aa2 3,151,143
    Hampton Roads Transportation Accountability Commission, Virginia, Hampton Roads Transportation Fund Revenue Bonds, Senior Lien Series 2018A:        
1,000   5.000%, 7/01/36   1/28 at 100.00 AA+ 1,229,380
2,365   5.000%, 7/01/38   1/28 at 100.00 AA+ 2,892,490
6,000   5.000%, 7/01/48   1/28 at 100.00 AA+ 7,212,180
1,000   5.000%, 7/01/52   1/28 at 100.00 AA+ 1,199,040
9,760   5.500%, 7/01/57   1/28 at 100.00 AA+ 11,988,403
3,000   Harris County-Houston Sports Authority, Texas, Revenue Bonds, Capital Appreciation Refunding Senior Lien Series 2014A, 0.000%, 11/15/51  –  AGM Insured   11/31 at 37.76 AA 762,270
960   Lower Magnolia Green Community Development Authority, Virginia, Special Assessment Bonds, Series 2015, 5.000%, 3/01/45, 144A   3/25 at 100.00 N/R 986,918
1,000   Mosaic District Community Development Authority, Fairfax County, Virginia, Revenue Bonds, Refunding Series 2020A, 4.000%, 3/01/35   3/30 at 100.00 A2 1,145,110
    Peninsula Town Center Community Development Authority, Virginia, Special Obligation Bonds, Refunding Series 2018:        
365   4.500%, 9/01/28, 144A   9/27 at 100.00 N/R 386,312
800   5.000%, 9/01/37, 144A   9/27 at 100.00 N/R 861,536
2,185   5.000%, 9/01/45, 144A   9/27 at 100.00 N/R 2,347,673
4,305   Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%, 7/01/31  –  AMBAC Insured   No Opt. Call C 4,805,844
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
48   0.000%, 7/01/24   No Opt. Call N/R 45,173
81   0.000%, 7/01/27   No Opt. Call N/R 71,303
79   0.000%, 7/01/29   7/28 at 98.64 N/R 65,361
102   0.000%, 7/01/31   7/28 at 91.88 N/R 78,325
115   0.000%, 7/01/33   7/28 at 86.06 N/R 81,768
84   4.500%, 7/01/34   7/25 at 100.00 N/R 91,678
3,247   0.000%, 7/01/51   7/28 at 30.01 N/R 714,892
8,615   5.000%, 7/01/58   7/28 at 100.00 N/R 9,541,457
      77
Nuveen Virginia Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2:        
$3,680   4.329%, 7/01/40   7/28 at 100.00 N/R $3,958,392
61   4.536%, 7/01/53   7/28 at 100.00 N/R 65,735
31   4.784%, 7/01/58   7/28 at 100.00 N/R 33,901
    Virgin Islands Public Finance Authority, Federal Highway Grant Anticipation Loan Note Revenue Bonds, Series 2015:        
500   5.000%, 9/01/23, 144A   No Opt. Call A 544,935
1,000   5.000%, 9/01/30, 144A   9/25 at 100.00 A 1,116,770
1,000   5.000%, 9/01/33, 144A   9/25 at 100.00 A 1,108,020
1,000   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2006, 5.000%, 10/01/28  –  FGIC Insured   3/21 at 100.00 Baa2 1,015,550
2,240   Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Working Capital Series 2014A, 5.000%, 10/01/34  –  AGM Insured, 144A   10/24 at 100.00 AA 2,475,334
1,070   Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien, Refunding Series 2013B, 5.000%, 10/01/24  –  AGM Insured   No Opt. Call AA 1,146,013
670   Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien, Series 2013A, 5.000%, 10/01/24  –  AGM Insured   No Opt. Call AA 717,657
515   Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A, 5.000%, 10/01/32  –  AGM Insured   10/22 at 100.00 AA 543,088
4,000   Virginia Beach Development Authority, Virginia, Public Facilities Revenue Bonds, Series 2020A, 4.000%, 4/15/33   4/30 at 100.00 AA+ 4,869,320
    Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century College & Equipment Programs, Refunding Series 2017E:        
1,000   5.000%, 2/01/30   2/28 at 100.00 AA+ 1,255,050
2,000   5.000%, 2/01/32   2/28 at 100.00 AA+ 2,497,700
    Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century College & Equipment Programs, Series 2019A:        
2,835   5.000%, 2/01/29   No Opt. Call AA+ 3,699,959
3,000   5.000%, 2/01/30   2/29 at 100.00 AA+ 3,870,870
2,000   Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century College & Equipment Programs, Series 2019B, 5.000%, 2/01/31   2/29 at 100.00 AA+ 2,561,160
    Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century College & Equipment Programs, Series 2020A:        
1,500   4.000%, 2/01/36   2/30 at 100.00 AA+ 1,792,710
2,000   4.000%, 2/01/37   2/30 at 100.00 AA+ 2,381,040
3,500   Virginia Commonwealth Transportation Board, Federal Transportation Grant Anticipation Revenue Notes, Series 2016, 5.000%, 9/15/30   9/26 at 100.00 AA+ 4,277,280
4,370   Virginia Commonwealth Transportation Board, Federal Transportation Grant Anticipation Revenue Notes, Series 2020, 5.000%, 3/15/34   9/30 at 100.00 AA+ 5,724,962
1,210   Virginia Port Authority, General Fund Revenue Bonds, Refunding Taxable Series 2020B, 5.000%, 7/01/29 (AMT)   No Opt. Call AA+ 1,552,878
78      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$1,430   Virginia Public Building Authority, Public Facilities Revenue Bonds, Series 2016C, 5.000%, 8/01/36 (AMT)   8/26 at 100.00 AA+ $1,722,664
2,000   Virginia Public Building Authority, Public Facilities Revenue Bonds, Series 2019B, 4.000%, 8/01/38 (AMT)   8/29 at 100.00 AA+ 2,369,600
    Virginia Public Building Authority, Public Facilities Revenue Bonds, Series 2020A:        
1,000   5.000%, 8/01/31   8/30 at 100.00 AA+ 1,335,370
1,000   5.000%, 8/01/34   8/30 at 100.00 AA+ 1,315,260
2,500   5.000%, 8/01/36   8/30 at 100.00 AA+ 3,244,275
6,000   5.000%, 8/01/37   8/30 at 100.00 AA+ 7,728,000
1,765   Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Refunding Series 2020B, 4.000%, 8/01/32   8/30 at 100.00 AA+ 2,178,063
2,000   Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2015A, 5.000%, 8/01/26   8/25 at 100.00 AA+ 2,385,980
3,030   Virginia Resources Authority, Infrastructure and State Moral Obligation Revenue Bonds, Pooled Loan Bond Program, Infrastructutre Series 2020C, 5.000%, 11/01/29   No Opt. Call AAA 4,012,993
    Virginia Resources Authority, Infrastructure and State Moral Obligation Revenue Bonds, Pooled Loan Bond Program, Series 2019B:        
500   4.000%, 11/01/37   11/29 at 100.00 AAA 591,405
500   4.000%, 11/01/38   11/29 at 100.00 AAA 589,645
25   Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Financing Program, Series 2012A, 5.000%, 11/01/42   11/22 at 100.00 AAA 26,836
35   Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series 2002A, 5.000%, 5/01/21   3/21 at 100.00 Aa1 35,126
275   Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series 2015D, 5.000%, 11/01/40   11/25 at 100.00 AAA 325,529
345   Virginia Small Business Financing Authority, Tourism Development Financing Program Revenue Bonds, Virginia Beach Oceanfront South Hotel Project, Senior Series 2020A-1, 8.000%, 10/01/43, 144A   10/30 at 120.40 N/R 432,675
1,000   Virginia Transportation Board, Transportation Revenue Bonds, Capital Projects, Series 2012, 4.000%, 5/15/37   5/22 at 100.00 AA+ 1,034,040
5,640   Virginia Transportation Board, Transportation Revenue Bonds, Capital Projects, Series 2017, 4.000%, 5/15/42   5/27 at 100.00 AA+ 6,358,818
3,000   Virginia Transportation Board, Transportation Revenue Bonds, Capital Projects, Series 2019, 5.000%, 5/15/32   5/29 at 100.00 AA+ 3,863,040
1,000   Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue Bonds, Series 2020A, 5.000%, 7/15/45   7/30 at 100.00 AA 1,245,160
1,000   Western Virginia Regional Jail Authority, Virginia, Facility Revenue Bonds, Refunding Series 2016, 5.000%, 12/01/37   12/26 at 100.00 Aa2 1,213,110
145,773   Total Tax Obligation/Limited       168,258,677
      79
Nuveen Virginia Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation – 23.0%        
    Capital Region Airport Commission, Virginia, Airport Revenue Bonds, Refunding Series 2016A:        
$735   5.000%, 7/01/33   7/26 at 100.00 A2 $856,084
350   4.000%, 7/01/36   7/26 at 100.00 A2 382,823
770   4.000%, 7/01/38   7/26 at 100.00 A2 838,276
1,755   Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Bond Anticipation Notes Series 2019, 5.000%, 11/01/23   No Opt. Call BBB 1,952,929
    Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Series 2016:        
2,875   5.000%, 7/01/41  –  AGM Insured   7/26 at 100.00 AA 3,403,856
6,535   5.000%, 7/01/46   7/26 at 100.00 BBB 7,412,258
    Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Capital Appreciation Series 2012B:        
3,000   0.000%, 7/15/32 (4)   7/28 at 100.00 BBB+ 3,123,270
1,755   0.000%, 7/15/40  –  AGM Insured (4)   7/28 at 100.00 AA 1,906,421
1,620   Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Series 2012A, 5.000%, 7/15/47   7/22 at 100.00 BBB+ 1,694,925
    Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B:        
305   4.000%, 10/01/38   10/29 at 100.00 A- 343,488
2,180   4.000%, 10/01/53  –  AGM Insured   10/29 at 100.00 AA 2,434,057
2,000   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding First Senior Lien Series 2019A, 5.000%, 10/01/36   10/28 at 100.00 A 2,416,660
3,000   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A, 5.000%, 10/01/53   4/22 at 100.00 A- 3,101,790
    Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B:        
4,200   0.000%, 10/01/26  –  AGC Insured   No Opt. Call AA 3,938,340
5,850   0.000%, 10/01/34  –  AGC Insured   No Opt. Call AA 4,341,753
13,000   0.000%, 10/01/36  –  AGC Insured   No Opt. Call AA 9,017,190
5,250   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009C, 6.500%, 10/01/41  –  AGC Insured   10/26 at 100.00 AA 6,565,177
3,300   Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 6.500%, 10/01/44   10/28 at 100.00 A- 4,259,145
5,200   Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2016A, 5.000%, 10/01/35 (AMT)   10/26 at 100.00 Aa3 6,088,264
80      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
    Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2017:        
$625   5.000%, 10/01/34 (AMT)   10/27 at 100.00 Aa3 $752,988
3,000   5.000%, 10/01/42 (AMT)   10/27 at 100.00 Aa3 3,546,360
    Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2018A:        
3,000   5.000%, 10/01/32 (AMT)   10/28 at 100.00 Aa3 3,702,510
3,345   5.000%, 10/01/37 (AMT)   10/28 at 100.00 Aa3 4,064,275
    Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2019A:        
1,000   5.000%, 10/01/30 (AMT)   10/29 at 100.00 Aa3 1,275,190
1,000   5.000%, 10/01/38 (AMT)   10/29 at 100.00 Aa3 1,237,560
4,000   5.000%, 10/01/40 (AMT)   10/29 at 100.00 Aa3 4,925,800
1,000   Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2020B Forward Delivery, 4.000%, 10/01/39   10/30 at 100.00 Aa3 1,172,650
    New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016:        
150   5.000%, 8/01/26 (AMT)   8/21 at 100.00 B+ 152,622
595   5.000%, 8/01/31 (AMT)   8/21 at 100.00 B+ 604,877
    Norfolk Airport Authority, Virginia, Airport Revenue Bonds, Series 2019:        
1,585   5.000%, 7/01/38   7/29 at 100.00 A- 1,921,575
775   5.000%, 7/01/39   7/29 at 100.00 A- 937,208
1,185   5.000%, 7/01/43   7/29 at 100.00 A- 1,418,054
490   Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series 1998, 5.250%, 7/15/22  –  FGIC Insured   No Opt. Call A 508,605
645   Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series 2002, 5.250%, 7/15/22  –  FGIC Insured   No Opt. Call A 669,433
3,000   Virginia Port Authority, Port Facilities Revenue Bonds, Refunding Series 2016B, 5.000%, 7/01/41 (AMT)   7/26 at 100.00 A1 3,514,800
    Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017:        
7,725   5.000%, 12/31/49 (AMT)   6/27 at 100.00 BBB 8,931,722
2,825   5.000%, 12/31/52 (AMT)   6/27 at 100.00 BBB 3,260,898
    Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2012:        
3,575   5.000%, 7/01/34 (AMT)   1/22 at 100.00 BBB 3,693,547
1,500   5.000%, 1/01/40 (AMT)   1/22 at 100.00 BBB 1,549,350
    Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2019:        
1,000   5.000%, 1/01/44 (AMT)   1/22 at 100.00 BBB 1,032,560
4,015   5.000%, 7/01/49 (AMT)   1/22 at 100.00 BBB 4,144,725
      81
Nuveen Virginia Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
    Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012:        
$1,500   5.250%, 1/01/32 (AMT)   7/22 at 100.00 BBB $1,570,920
2,665   6.000%, 1/01/37 (AMT)   7/22 at 100.00 BBB 2,825,246
11,590   5.500%, 1/01/42 (AMT)   7/22 at 100.00 BBB 12,095,903
    Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2017B:        
2,000   5.000%, 7/01/30   7/27 at 100.00 AA 2,455,940
1,000   5.000%, 7/01/33   7/27 at 100.00 AA 1,216,720
2,000   5.000%, 7/01/36   7/27 at 100.00 AA 2,418,640
1,400   5.000%, 7/01/37   7/27 at 100.00 AA 1,689,562
3,250   5.000%, 7/01/42   7/27 at 100.00 AA 3,884,238
1,000   Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2018, 5.000%, 7/01/37   7/27 at 100.00 AA- 1,206,830
136,120   Total Transportation       146,458,014
    U.S. Guaranteed – 6.4% (5)        
525   Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%, 11/01/24  –  AGM Insured (ETM)   No Opt. Call AA 573,951
2,000   Fairfax County, Virginia, General Obligation Bonds, Refunding Public Improvement Series 2016A, 5.000%, 10/01/33 (Pre-refunded 4/01/26)   4/26 at 100.00 AAA 2,438,560
1,220   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.500%, 7/01/43 (Pre-refunded 7/01/23)   7/23 at 100.00 A- 1,366,302
    Hampton Roads Sanitation District, Virginia, Wastewater Revenue Bonds, Subordinate Series 2018A:        
1,400   5.000%, 10/01/40 (Pre-refunded 10/01/27)   10/27 at 100.00 AA+ 1,777,216
2,100   5.000%, 10/01/42 (Pre-refunded 10/01/27)   10/27 at 100.00 AA+ 2,665,824
1,770   5.000%, 10/01/43 (Pre-refunded 10/01/27)   10/27 at 100.00 AA+ 2,246,909
3,000   Lexington Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds, Washington & Lee University, Series 2013, 5.000%, 1/01/43 (Pre-refunded 1/01/22)   1/22 at 100.00 AA 3,121,500
3,755   Norfolk, Virginia, General Obligation Bonds, Capital Improvement Series 2019, 5.000%, 8/01/46 (Pre-refunded 8/01/28)   8/28 at 100.00 AAA 4,853,600
1,870   Norfolk, Virginia, General Obligation Bonds, Refunding Series 2017C, 5.000%, 9/01/31 (Pre-refunded 3/01/27)   3/27 at 100.00 AAA 2,332,731
1,570   Prince William County Industrial Development Authority, Virginia, Student Housing Revenue Bonds, George Mason University Foundation Prince William Housing LLC Project, Series 2011A, 5.125%, 9/01/41 (Pre-refunded 9/01/21)   9/21 at 100.00 N/R 1,609,046
235   Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series 1998, 5.250%, 7/15/22  –  FGIC Insured (ETM)   No Opt. Call Baa2 244,708
1,415   The Rector and Visitors of the University of Virginia, General Pledge Revenue Bonds, Series 2015B, 5.000%, 8/01/21 (ETM)   No Opt. Call N/R 1,443,258
4,500   Virginia Port Authority, General Fund Revenue Bonds, Series 2015, 5.000%, 7/01/38 (Pre-refunded 7/01/25) (AMT)   7/25 at 100.00 AA+ 5,338,755
82      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
$2,180   Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Refunding Series 2012A, 5.000%, 8/01/24 (Pre-refunded 8/01/22)   8/22 at 100.00 AA+ $2,329,919
3,975   Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Financing Program, Series 2012A, 5.000%, 11/01/42 (Pre-refunded 11/01/22)   11/22 at 100.00 N/R 4,291,768
725   Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series 2015D, 5.000%, 11/01/40 (Pre-refunded 11/01/25)   11/25 at 100.00 N/R 871,863
1,000   Western Virginia Regional Jail Authority, Virginia, Facility Revenue Bonds, Refunding Series 2016, 5.000%, 12/01/37 (Pre-refunded 12/01/26)   12/26 at 100.00 N/R 1,238,620
1,665   Winchester Economic Development Authority, Virginia, Hospital Revenue Bonds, Valley Health System Obligated Group, Refunding Series 2014A, 5.000%, 1/01/44 (Pre-refunded 1/01/24)   1/24 at 100.00 A+ 1,878,836
890   Wylie Independent School District, Collin County, Texas, General Obligation Bonds, School Building Series 2015B, 0.000%, 8/15/48 (Pre-refunded 8/15/25)   8/25 at 38.79 Aaa 332,735
35,795   Total U.S. Guaranteed       40,956,101
    Utilities – 5.9%        
2,000   Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 4.375%, 1/01/35 (Mandatory Put 7/01/22)   No Opt. Call N/R 2,060,000
3,660   Chesapeake Industrial Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company Project, Refunding Series 2008A, 1.900%, 2/01/32 (Mandatory Put 6/01/23)   No Opt. Call A2 3,749,157
2,500   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2014A, 5.000%, 7/01/35   7/24 at 100.00 A- 2,739,650
1,000   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/33   7/27 at 100.00 A- 1,170,440
1,735   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2020A, 5.000%, 1/01/50   7/30 at 100.00 A- 2,090,658
825   Guam Power Authority, Revenue Bonds, Refunding Series 2017A, 5.000%, 10/01/33   10/27 at 100.00 BBB 961,191
    Guam Power Authority, Revenue Bonds, Series 2012A:        
390   5.000%, 10/01/27  –  AGM Insured   10/22 at 100.00 AA 415,943
1,500   5.000%, 10/01/30  –  AGM Insured   10/22 at 100.00 AA 1,593,090
1,350   5.000%, 10/01/34  –  AGM Insured   10/22 at 100.00 AA 1,429,677
3,085   Louisa Industrial Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company, Refunding Series 2008A, 1.900%, 11/01/35 (Mandatory Put 6/01/23)   No Opt. Call A2 3,162,125
2,000   Louisa Industrial Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company, Refunding Series 2008B, 0.750%, 11/01/35 (Mandatory Put 9/02/25)   No Opt. Call A2 1,987,180
4,000   Norfolk, Virginia, Water Revenue Bonds, Series 2015A, 5.250%, 11/01/44   11/24 at 100.00 AA+ 4,639,520
1,715   Norfolk, Virginia, Water Revenue Bonds, Series 2017, 5.000%, 11/01/42   11/27 at 100.00 AA+ 2,077,105
1,355   Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A, 5.125%, 7/01/37   7/22 at 100.00 CCC 1,424,186
      83
Nuveen Virginia Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$5,000   Richmond, Virginia, Public Utility Revenue Bonds, Refunding Series 2016A, 5.000%, 1/15/32   1/26 at 100.00 Aa1 $6,008,200
1,000   Virginia Small Business Financing Authority, Solid Waste Disposal Revenue Bonds, Covanta Project, Series 2018, 5.000%, 1/01/48 (AMT) (Mandatory Put 7/01/38), 144A   7/23 at 100.00 B 1,045,800
1,000   Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2010A, 1.200%, 11/01/40 (Mandatory Put 5/31/24)   No Opt. Call A2 1,011,240
34,115   Total Utilities       37,565,162
$563,978   Total Municipal Bonds (cost $580,688,589)       624,022,435
    
Shares   Description (1)       Value
    COMMON STOCKS – 0.1%        
    Airlines – 0.1%        
32,138   American Airlines Group Inc, (6), (7)       $672,970
    Total Common Stocks (cost $905,444)       672,970
    Total Long-Term Investments (cost $581,594,033)       624,695,405
    
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    SHORT-TERM INVESTMENTS – 0.8%        
    MUNICIPAL BONDS – 0.8%        
    Education and Civic Organizations – 0.6%        
$1,700   Loudoun County Industrial Development Authority, Virginia, Multi-Modal Revenue Bonds, Howard Hughes Medical Institute, Variable Rate Demand Obligations, Series 2013A, 0.020%, 6/01/43 (Mandatory Put 3/05/21) (8)   4/21 at 100.00 A-1+ $1,700,000
1,930   Loudoun County Industrial Development Authority, Virginia, Revenue Bonds, Howard Hughes Medical Institute, Variable Rate Demand Obligations, Series 2003E, 0.030%, 2/15/38 (Mandatory Put 3/05/21) (8)   5/21 at 100.00 A-1+ 1,930,000
3,630   Total Education and Civic Organizations       3,630,000
    Health Care – 0.1%        
965   Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova Health System, Variable Rate Demand Obligations, Series 2016C, 0.030%, 5/15/42 (Mandatory Put 3/05/21) (8)   4/21 at 100.00 A-1+ 965,000
    Utilities – 0.1%        
800   Loudoun County Sanitation Authority, Virginia, Water and Sewer System Revenue Bonds, Variable Rate Demand Obligations, Series 2005, 0.020%, 1/01/30 (Mandatory Put 3/05/21) (8)   4/21 at 100.00 A-1 800,000
$5,395   Total Short-Term Investments (cost $5,395,000)       5,395,000
    Total Investments (cost $586,989,033) – 98.8%       630,090,405
    Other Assets Less Liabilities – 1.2%       7,332,502
    Net Assets – 100%       $637,422,907
84      
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $624,022,435 $ — $624,022,435
Common Stocks 672,970  —  — 672,970
Short-Term Investments:        
Municipal Bonds  — 5,395,000  — 5,395,000
Total $672,970 $629,417,435 $ — $630,090,405
    
(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) 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) 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) On November 28, 2011, AMR Corp. (“AMR”), the parent company of American Airlines Group, Inc. (“AAL”) filed for federal bankruptcy protection. On December 9, 2013, AMR emerged from federal bankruptcy with the acceptance of its reorganization plan by the bankruptcy court. Under the settlement agreement established to meet AMR’s unsecured bond obligations, the bondholders, including the Fund, received a distribution of AAL preferred stock which was converted to AAL common stock over a 120-day period. Every 30 days, a quarter of the preferred stock was converted to AAL common stock based on the 5-day volume-weighted average price and the amount of preferred shares tendered during the optional preferred conversion period.  
(7) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.  
(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  
ETM Escrowed to maturity  
      85
Nuveen Virginia Municipal Bond Fund (continued)
Portfolio of Investments    February 28, 2021
(Unaudited)
86