NPORT-EX 1 MultiState_TR_II.htm
Nuveen California High Yield Municipal Bond Fund
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 118.5%        
    MUNICIPAL BONDS – 118.3%        
    Consumer Staples  – 8.0%        
$27,000   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Alameda County Tobacco Asset Securitization Corporation, Subordinate Series 2006A, 0.000%, 6/01/50   6/19 at 15.11 N/R $3,960,900
1,155   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Golden Gate Tobacco Funding Corporation, Turbo, Series 2007A, 5.000%, 6/01/47   6/19 at 100.00 N/R 1,155,023
    California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2006A:        
25   5.600%, 6/01/36   6/19 at 100.00 B2 25,177
1,000   5.650%, 6/01/41   6/19 at 100.00 B2 1,006,900
1,205   5.700%, 6/01/46   6/19 at 100.00 B2 1,212,796
10,000   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Turbo Series 2006B, 0.000%, 6/01/46   6/19 at 19.67 N/R 1,962,400
1,860   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Merced County Tobacco Funding Corporation, Series 2005A, 5.125%, 6/01/38   7/19 at 100.00 Ba3 1,860,149
50   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma County Tobacco Securitization Corporation, Series 2005, 5.250%, 6/01/45   7/19 at 100.00 BB- 50,129
20,000   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Stanislaus County Tobacco Funding Corporation, Series 2006A, 0.000%, 6/01/46   6/19 at 21.70 N/R 3,633,200
14,900   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Senior Convertible Series 2007A-2, 5.300%, 6/01/37   6/22 at 100.00 B3 15,228,098
6,800   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1, 5.000%, 6/01/47   6/22 at 100.00 N/R 6,766,068
15,000   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-2, 5.000%, 6/01/47   6/22 at 100.00 N/R 14,925,150
33,705   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Revenue Bonds, First Subordinate Series 2007B-1, 0.010%, 6/01/47   6/19 at 19.68 CCC+ 5,652,329
3,460   Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 5.625%, 6/01/47   6/19 at 100.00 N/R 3,344,159
22,000   Inland Empire Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Series 2007C-2 Turbo Capital Appreciation, 0.010%, 6/01/47   6/19 at 15.63 CCC 3,340,920
      1
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Consumer Staples (continued)        
    Silicon Valley Tobacco Securitization Authority, California, Tobacco Settlement Asset-Backed Bonds, Santa Clara County Tobacco Securitization Corporation, Series 2007A:        
$1,000   0.000%, 6/01/36   7/19 at 39.12 N/R $388,010
7,500   0.000%, 6/01/47   7/19 at 20.83 N/R 1,461,000
7,195   Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2005B, 0.000%, 6/01/45   6/19 at 22.11 CCC+ 1,458,930
    Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1:        
2,800   5.375%, 6/01/38   6/19 at 100.00 B- 2,812,040
460   5.500%, 6/01/45   6/19 at 100.00 B- 462,001
5,000   Tobacco Securitization Authority of Southern California, Tobacco Settlement Asset-Backed Bonds, San Diego County Tobacco Asset Securitization Corporation, First Subordinate CABs, Series 2006B, 0.000%, 6/01/46   6/19 at 19.03 CCC+ 820,650
    Tobacco Securitization Authority of Southern California, Tobacco Settlement Asset-Backed Bonds, San Diego County Tobacco Asset Securitization Corporation, Senior Series 2006A:        
3,295   5.000%, 6/01/37   6/19 at 100.00 B2 3,311,673
10,330   5.125%, 6/01/46   6/19 at 100.00 B2 10,352,313
195,740   Total Consumer Staples       85,190,015
    Education and Civic Organizations – 13.0%        
2,000   California Infrastructure and Economic Development Bank, Revenue Bonds, Academy of Motion Picture Arts and Sciences Obligated Group, Series 2015A, 5.000%, 11/01/41   11/23 at 100.00 A 2,242,880
5,615   California Municipal Finance Authority Charter School Revenue Bonds, John Adams Academies - El Dorado Hills Project, Series 2018A, 5.500%, 10/01/38, 144A   10/22 at 105.00 N/R 5,719,607
    California Municipal Finance Authority Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2015A:        
900   5.000%, 10/01/35   10/22 at 102.00 BB 932,247
500   5.250%, 10/01/45   10/22 at 102.00 BB 516,830
1,335   5.250%, 10/01/45   10/22 at 102.00 BB 1,379,936
4,255   California Municipal Finance Authority Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2017A, 5.000%, 10/01/47, 144A   10/22 at 102.00 BB 4,344,397
250   California Municipal Finance Authority Charter School Revenue Bonds, River Charter Schools Project, Series 2018A, 5.500%, 6/01/53, 144A   6/26 at 100.00 BB 273,953
    California Municipal Finance Authority, Revenue Bonds, Creative Center of Los Altos Project Pinewood & Oakwood Schools, Series 2016B:        
500   4.000%, 11/01/36, 144A   11/26 at 100.00 N/R 509,955
2,200   4.500%, 11/01/46, 144A   11/26 at 100.00 N/R 2,275,570
820   California Municipal Finance Authority, Charter School Lease Revenue Bonds, Bella Mente Montessori Academy Project, Series 2018A, 5.000%, 6/01/38, 144A   6/28 at 100.00 Ba1 920,909
2      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    California Municipal Finance Authority, Charter School Lease Revenue Bonds, Nova Academy Project, Series 2016A:        
$825   5.000%, 6/15/36, 144A   6/26 at 100.00 BB $899,918
1,000   5.000%, 6/15/46, 144A   6/26 at 100.00 BB 1,079,180
955   California Municipal Finance Authority, Charter School Lease Revenue Bonds, Rocketship 7-Alma Academy Elementary School, Series 2012A, 6.250%, 6/01/43   12/21 at 101.00 N/R 1,014,592
    California Municipal Finance Authority, Charter School Lease Revenue Bonds, Santa Rosa Academy Project, Series 2015:        
400   5.125%, 7/01/35, 144A   7/25 at 100.00 BB+ 435,968
425   5.375%, 7/01/45, 144A   7/25 at 100.00 BB+ 464,126
    California Municipal Finance Authority, Charter School Revenue Bonds, John Adams Academies, Inc Project, Series 2014A:        
1,400   5.000%, 10/01/34   10/22 at 102.00 BB 1,452,864
465   5.000%, 10/01/44   10/22 at 102.00 BB 475,430
1,145   California Municipal Finance Authority, Charter School Revenue Bonds, Palmdale Aerospace Academy Project, Series 2016A, 5.000%, 7/01/46, 144A   7/26 at 100.00 BB 1,243,562
    California Municipal Finance Authority, Charter School Revenue Bonds, Partnerships to Uplift Communities Project, Series 2012A:        
1,330   5.000%, 8/01/32   8/22 at 100.00 BB 1,395,197
4,580   5.250%, 8/01/42   8/22 at 100.00 BB 4,793,703
1,795   5.300%, 8/01/47   8/22 at 100.00 BB 1,878,683
2,245   California Municipal Finance Authority, Charter School Revenue Bonds, Rocketship Education Multiple Projects, Series 2014A, 7.000%, 6/01/34   6/22 at 102.00 N/R 2,499,336
    California Municipal Finance Authority, Charter School Revenue Bonds, Urban Discovery Academy Project, Series 2014A:        
875   5.500%, 8/01/34, 144A   8/24 at 100.00 BB- 916,055
1,650   6.000%, 8/01/44, 144A   8/24 at 100.00 BB- 1,741,707
1,335   California Municipal Finance Authority, Educational Facilities Revenue Bonds, OCEAA Project, Series 2008A, 7.000%, 10/01/39   7/19 at 100.00 N/R 1,336,121
    California Municipal Finance Authority, Revenue Bonds, Azusa Pacific University Project, Refunding Series 2015B:        
1,435   5.000%, 4/01/35   4/25 at 100.00 Ba1 1,557,707
8,640   5.000%, 4/01/41   4/25 at 100.00 Ba1 9,270,115
7,880   California Municipal Finance Authority, Revenue Bonds, California Baptist University, Series 2016A, 5.000%, 11/01/46, 144A   11/26 at 100.00 N/R 8,858,460
235   California Municipal Finance Authority, Revenue Bonds, Emerson College, Series 2011, 5.000%, 1/01/28   1/22 at 100.00 Baa2 254,289
300   California Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento Valley & Northern Nevada Project, Series 2012A, 6.625%, 1/01/32, 144A   1/22 at 100.00 N/R 317,418
3,700   California Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento Valley & Northern Nevada Project, Series 2014A, 5.250%, 1/01/45   1/25 at 100.00 N/R 3,714,023
      3
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    California Municipal Finance Authority, Revenue Bonds, Touro College and University System, Series 2014A:        
$1,245   5.250%, 1/01/34   7/24 at 100.00 BBB- $1,384,602
250   5.250%, 1/01/40   7/24 at 100.00 BBB- 275,302
700   California Public Finance Authority, Charter School Lease Revenue Bonds, Multicultural Learning Center Project, Series 2017A, 6.250%, 6/15/47   6/27 at 100.00 N/R 718,172
1,075   California School Finance Authority Charter School Facility Revenue Bonds, Grimmway Schools-Obligated Group, Series 2016A, 5.000%, 7/01/46, 144A   7/26 at 100.00 BB+ 1,157,108
    California School Finance Authority Charter School Revenue Bonds, Bright Star Schools - Obligated Group, Series 2017:        
2,000   5.000%, 6/01/27, 144A   No Opt. Call N/R 2,142,200
1,755   5.000%, 6/01/37, 144A   6/27 at 100.00 N/R 1,862,932
1,565   5.000%, 6/01/47, 144A   6/27 at 100.00 N/R 1,649,244
1,430   5.000%, 6/01/54, 144A   6/27 at 100.00 N/R 1,497,096
1,020   California School Finance Authority Charter School Revenue Bonds, California, ACE Charter Schools, Obligated Group, Series 2016A, 5.000%, 6/01/52, 144A   6/26 at 100.00 N/R 1,045,990
1,000   California School Finance Authority Charter School Revenue Bonds, Ednovate Obligated Group, Series 2018, 5.000%, 6/01/48, 144A   6/27 at 100.00 N/R 1,060,800
305   California School Finance Authority School Facility Revenue Bonds, Green Dot Public Schools California Projects, Series 2018A, 5.000%, 8/01/48, 144A   8/28 at 100.00 BBB- 350,668
1,100   California School Finance Authority, California, Charter School Revenue Bonds, Aspire Public Schools, Refunding Series 2015A, 5.000%, 8/01/45, 144A   8/25 at 100.00 BBB 1,214,972
1,100   California School Finance Authority, California, Charter School Revenue Bonds, Encore Education Obligated Group, Series 2016A, 5.000%, 6/01/52, 144A   6/26 at 100.00 N/R 965,459
1,300   California School Finance Authority, California, Charter School Revenue Bonds, TEACH Public Schools Obligated Group, Series 2016A, 5.875%, 6/01/52   6/26 at 100.00 N/R 1,302,574
    California School Finance Authority, Charter School Revenue Bonds, City Charter School Obligated Group, Series 2016A:        
2,520   5.000%, 6/01/42, 144A   6/26 at 100.00 N/R 2,613,215
2,930   5.000%, 6/01/52, 144A   6/26 at 100.00 N/R 3,020,596
805   California School Finance Authority, Charter School Revenue Bonds, Classical Academies Project, Series 2017A, 5.000%, 10/01/44, 144A   10/27 at 100.00 BB+ 884,172
600   California School Finance Authority, Charter School Revenue Bonds, Coastal Academy Project, Series 2013A, 5.000%, 10/01/42, 144A   10/22 at 100.00 BBB- 635,730
    California School Finance Authority, Charter School Revenue Bonds, Downtown College Prep - Obligated Group, Series 2016:        
1,500   4.750%, 6/01/36, 144A   6/26 at 100.00 N/R 1,566,165
1,180   5.000%, 6/01/46, 144A   6/26 at 100.00 N/R 1,238,870
675   California School Finance Authority, Charter School Revenue Bonds, Kepler Neighborhood School, Series 2017A, 5.750%, 5/01/37, 144A   5/27 at 100.00 N/R 671,976
915   California School Finance Authority, Charter School Revenue Bonds, Larchmont Charter School Project , Series 2018A, 5.000%, 6/01/43, 144A   6/27 at 100.00 N/R 980,294
4      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$2,500   California School Finance Authority, Charter School Revenue Bonds, Rocketship Education Obligated Group, Series 2016A, 5.000%, 6/01/46, 144A   6/25 at 100.00 N/R $2,610,350
    California School Finance Authority, Charter School Revenue Bonds, Rocketship Education Obligated Group, Series 2017A:        
950   5.125%, 6/01/47, 144A   6/26 at 100.00 N/R 1,004,530
1,000   5.250%, 6/01/52, 144A   6/26 at 100.00 N/R 1,058,700
    California School Finance Authority, Charter School Revenue Bonds, Rocketship Public Schools Obligated Group, Series 2017G:        
360   5.000%, 6/01/37, 144A   6/27 at 100.00 N/R 383,152
750   5.000%, 6/01/47, 144A   6/27 at 100.00 N/R 791,940
250   5.000%, 6/01/53, 144A   6/27 at 100.00 N/R 262,075
1,220   California School Finance Authority, Educational Facilities Revenue Bonds, Tri-Valley Learning Corporation, Series 2012A, 0.000%, 6/01/47 (4)   6/20 at 102.00 N/R 793,000
    California School Finance Authority, Educational Facility Revenue Bonds, New Designs Charter School Project, Series 2014A:        
1,000   5.750%, 6/01/34, 144A   6/24 at 100.00 BB+ 1,092,180
1,500   6.000%, 6/01/44, 144A   6/24 at 100.00 BB+ 1,640,910
    California School Finance Authority, Educational Facility Revenue Bonds, Partnerships to Uplift Communities Valley Project, Series 2014:        
1,605   6.400%, 8/01/34, 144A   2/24 at 100.00 BB 1,798,980
2,040   6.750%, 8/01/44, 144A   2/24 at 100.00 BB 2,289,961
    California School Finance Authority, Educational Facility Revenue Bonds, River Springs Charter School Project, Series 2017A:        
1,725   5.000%, 7/01/47, 144A   7/27 at 100.00 Ba1 1,877,749
1,340   5.000%, 7/01/52, 144A   7/27 at 100.00 Ba1 1,448,942
    California School finance Authority, School Facility Revenue Bonds, ICEF - View Park Elementary and Middle Schools, Series 2014A:        
575   5.625%, 10/01/34   10/24 at 100.00 BB 637,991
1,000   5.875%, 10/01/44   10/24 at 100.00 BB 1,102,160
520   6.000%, 10/01/49   10/24 at 100.00 BB 574,912
    California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2015A:        
1,000   4.125%, 7/01/35, 144A   7/25 at 100.00 BBB 1,055,910
1,000   5.000%, 7/01/45, 144A   7/25 at 100.00 BBB 1,106,810
1,015   California School Finance Authority, School Facility Revenue Bonds, Alta Public Schools Project, Series 2014A, 6.500%, 11/01/34, 144A   11/24 at 100.00 N/R 1,087,309
    California School Finance Authority, School Facility Revenue Bonds, Granada Hills Charter High School Obligated Group, Series 2017A:        
1,000   5.000%, 7/01/37, 144A   7/21 at 105.00 BBB- 1,088,640
1,735   5.000%, 7/01/48, 144A   7/21 at 105.00 BBB- 1,883,221
600   California School Finance Authority, School Facility Revenue Bonds, KIPP LA Projects, Series 2014A, 5.000%, 7/01/34   7/24 at 100.00 BBB 667,002
      5
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$250   California School Finance Authority, School Facility Revenue Bonds, KIPP LA Projects, Series 2017A, 5.000%, 7/01/47, 144A   7/27 at 100.00 BBB $286,022
1,250   California School Finance Authority, School Facility Revenue Bonds, Value Schools, Series 2013, 6.650%, 7/01/33   7/23 at 100.00 BB+ 1,420,662
1,355   California School Finance Authority, School Facility Revenue Bonds, Value Schools, Series 2016A, 6.000%, 7/01/51, 144A   7/26 at 100.00 BB+ 1,545,581
990   California Statewide Communities Development Authority, Charter School Revenue Bonds, Rocketship 4 - Mosaic Elementary Charter School, Series 2011A, 8.500%, 12/01/41   12/21 at 100.00 N/R 1,105,117
1,000   California Statewide Communities Development Authority, Revenue Bonds, Buck Institute for Research on Aging, Tender Option Bond Trust 2015-XF1035, 16.115%, 11/15/49  –  AGM Insured, 144A (IF) (5)   11/24 at 100.00 AA 1,669,870
1,040   California Statewide Communities Development Authority, School Facility Revenue Bonds, Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46   7/21 at 100.00 BBB- 1,118,042
805   California Statewide Community Development Authority, Charter School Revenue Bonds, Rocklin Academy Charter, Series 2011A, 8.250%, 6/01/41   6/21 at 100.00 BB+ 884,148
2,745   California Statewide Community Development Authority, Revenue Bonds, Bentley School, Series 2010A, 7.000%, 7/01/40   7/20 at 101.00 N/R 2,896,606
4,015   University of California, General Revenue Bonds, Limited Project Series 2018O, 4.000%, 5/15/48 (UB) (5)   5/28 at 100.00 AA- 4,376,671
1,250   University of California, General Revenue Bonds, Tender Option Bond Trust 2016-XL0001, 14.130%, 5/15/39, 144A (IF) (5)   5/23 at 100.00 AA 1,859,350
1,000   University of Puerto Rico, University System Revenue Bonds, Refunding Series 2006P, 5.000%, 6/01/24   7/19 at 100.00 C 995,000
1,040   University of Puerto Rico, University System Revenue Bonds, Series 2006Q, 5.000%, 6/01/36   7/19 at 100.00 C 1,019,200
129,385   Total Education and Civic Organizations       138,385,568
    Health Care – 16.9%        
    Antelope Valley Healthcare District, California, Revenue Bonds, Series 2016A:        
1,460   5.000%, 3/01/26   No Opt. Call Ba3 1,603,007
1,225   5.000%, 3/01/31   3/26 at 100.00 Ba3 1,333,070
3,520   5.250%, 3/01/36   3/26 at 100.00 Ba3 3,810,998
3,280   5.000%, 3/01/41   3/26 at 100.00 Ba3 3,442,754
5,600   5.000%, 3/01/46   3/26 at 100.00 Ba3 5,874,512
2,000   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B, 4.000%, 11/15/41 (UB) (5)   11/26 at 100.00 A+ 2,167,060
2,000   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A, 5.000%, 11/15/48 (UB) (5)   11/27 at 100.00 A+ 2,355,200
8,750   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2016A, 5.000%, 11/15/46 (UB) (5)   11/25 at 100.00 A+ 10,040,800
1,570   California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Series 2017, 5.000%, 2/01/47 (UB) (5)   2/27 at 100.00 A1 1,819,379
6      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$625   California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanante System, Tender Option Bond Trust 2015-XF1002, 13.417%, 4/01/42, 144A (IF) (5)   4/22 at 100.00 AA- $854,550
17,500   California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System, Series 2017A-2, 4.000%, 11/01/44 (UB) (5)   11/27 at 100.00 AA- 19,058,550
3,675   California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital at Stanford, Series 2017A, 5.000%, 11/15/56 (UB) (5)   11/27 at 100.00 A+ 4,230,440
1,220   California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Series 2012A, 5.000%, 8/15/51 (UB) (5)   8/22 at 100.00 A+ 1,316,453
7,800   California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Series 2016B, 5.000%, 8/15/55 (UB) (5)   8/26 at 100.00 A+ 8,855,964
    California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Tender Option Bond Trust 2015-XF0152:        
260   14.152%, 8/15/43, 144A (IF) (5)   8/24 at 100.00 A+ 390,450
695   14.171%, 8/15/51, 144A (IF) (5)   8/22 at 100.00 A+ 914,787
80   California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services, Tender Option Bond Trust 2015-XF0120, 16.758%, 10/01/38, 144A (IF) (5)   10/24 at 100.00 AA- 137,936
    California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services, Tender Option Bond Trust 2015-XF1034:        
3,600   17.542%, 10/01/44, 144A (IF) (5)   10/24 at 100.00 AA- 5,952,024
795   17.482%, 10/01/44, 144A (IF) (5)   10/24 at 100.00 AA- 1,312,442
    California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2015-XF0131:        
200   17.005%, 8/15/51, 144A (IF) (5)   8/22 at 100.00 AA- 284,846
200   16.996%, 8/15/51, 144A (IF) (5)   8/22 at 100.00 AA- 284,798
    California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and Clinics, Tender Option Bond Trust 2016-XG0049:        
1,000   14.086%, 8/15/51, 144A (IF) (5)   8/22 at 100.00 AA- 1,339,290
250   14.089%, 8/15/51, 144A (IF) (5)   8/22 at 100.00 AA- 334,845
1,000   California Municipal Finance Authority, Revenue Bonds, Community Medical Centers, Series 2015A, 5.000%, 2/01/46   2/25 at 100.00 A- 1,121,210
    California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2015:        
200   5.000%, 11/01/35   11/24 at 100.00 BBB- 220,232
1,000   5.000%, 11/01/40   11/24 at 100.00 BBB- 1,090,220
1,250   5.000%, 11/01/44   11/24 at 100.00 BBB- 1,361,312
    California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A:        
4,210   5.250%, 11/01/36   11/26 at 100.00 BBB- 4,770,477
2,955   5.250%, 11/01/41   11/26 at 100.00 BBB- 3,297,810
6,100   5.250%, 11/01/47   11/26 at 100.00 BBB- 6,798,450
8,950   5.000%, 11/01/47   11/26 at 100.00 BBB- 9,793,090
      7
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$1,780   California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017, 5.000%, 10/15/47   10/26 at 100.00 BBB- $1,973,628
1,000   California Statewide Communities Development Authority, California, Redlands Community Hospital, Revenue Bonds, Series 2016, 4.000%, 10/01/41   10/26 at 100.00 A- 1,063,990
    California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A:        
4,300   5.250%, 12/01/44   12/24 at 100.00 BB- 4,742,040
9,800   5.500%, 12/01/54   12/24 at 100.00 BB- 10,872,512
    California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A:        
415   5.000%, 12/01/46, 144A   6/26 at 100.00 BB- 457,965
1,795   5.250%, 12/01/56, 144A   6/26 at 100.00 BB- 2,001,946
    California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A:        
315   5.250%, 12/01/48, 144A   6/28 at 100.00 BB- 361,107
2,000   5.500%, 12/01/58, 144A   6/28 at 100.00 BB- 2,315,580
    California Statewide Communities Development Authority, Revenue Bonds, Henry Mayo Newhall Memorial Hospital, Series 2014:        
2,540   5.000%, 10/01/34  –  AGM Insured   10/24 at 100.00 A2 2,843,479
1,625   5.250%, 10/01/43  –  AGM Insured   10/24 at 100.00 A2 1,822,844
1,015   California Statewide Communities Development Authority, Revenue Bonds, Huntington Memorial Hospital, Series 2018, 4.000%, 7/01/48   7/28 at 100.00 A- 1,071,596
9,000   California Statewide Communities Development Authority, Revenue Bonds, John Muir Health, Series 2016A, 5.000%, 8/15/51 (UB) (5)   8/26 at 100.00 A+ 10,350,810
1,035   California Statewide Communities Development Authority, Revenue Bonds, Marin General Hospital, Green Series 2018A, 4.000%, 8/01/45 (UB) (5)   8/23 at 100.00 A- 1,070,200
    California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A:        
2,550   5.750%, 7/01/24   7/19 at 100.00 CC 2,498,796
2,055   5.750%, 7/01/30   7/19 at 100.00 CC 2,028,326
2,220   5.750%, 7/01/35   7/19 at 100.00 CC 2,201,285
9,280   5.500%, 7/01/39   7/19 at 100.00 CC 9,233,043
185   California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005H, 5.750%, 7/01/25   7/19 at 100.00 CC 181,524
1,060   Oak Valley Hospital District, Stanislaus County, California, Revenue Bonds, Series 2010A, 7.000%, 11/01/35   11/20 at 100.00 BB 1,092,330
4,425   Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2017, 4.000%, 11/01/47   11/27 at 100.00 Ba1 4,577,441
    Palomar Pomerado Health System, California, Revenue Bonds, Refunding Series 2016:        
1,085   5.000%, 11/01/36   11/26 at 100.00 Ba1 1,227,732
2,090   5.000%, 11/01/39   11/26 at 100.00 Ba1 2,345,941
8      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011:        
$1,000   8.000%, 12/01/26   12/21 at 100.00 BB $1,138,470
600   7.500%, 12/01/41   12/21 at 100.00 BB 667,680
2,500   Tulare Local Health Care District, California, Revenue Bonds, Series 2007, 5.200%, 11/01/32 (4)   7/19 at 100.00 N/R 1,825,000
    Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017:        
1,000   4.000%, 1/01/42   1/28 at 100.00 Baa3 1,045,490
1,630   5.000%, 1/01/47   1/28 at 100.00 Baa3 1,849,871
200   Washington Township Health Care District, California, Revenue Bonds, Series 2017A, 5.000%, 7/01/42   7/27 at 100.00 Baa1 226,914
161,470   Total Health Care       179,254,496
    Housing/Multifamily – 3.7%        
10,000   California Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A, 5.000%, 4/01/49, 144A   4/29 at 100.00 N/R 10,907,200
2,000   California Housing Finance Agency, Multifamily Housing Revenue Bonds, Series 2014A-III, 4.600%, 8/01/39   2/24 at 100.00 A1 2,160,980
    California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Senior Series 2014A:        
1,515   5.250%, 8/15/39   8/24 at 100.00 BBB+ 1,705,011
575   5.250%, 8/15/49   8/24 at 100.00 BBB+ 639,147
1,270   California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Series 2014B, 5.875%, 8/15/49   8/24 at 100.00 N/R 1,385,595
480   California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012B, 7.250%, 8/15/47   8/22 at 100.00 N/R 527,957
1,750   California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Windsor Mobile Country Club, Refunding Series 2017A, 4.000%, 11/15/48   11/27 at 100.00 A- 1,834,368
2,000   California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Windsor Mobile Country Club, Subordinate Series 2013B, 7.000%, 11/15/48   11/23 at 100.00 N/R 2,241,260
3,085   California Municipal Finance Authority, Student Housing Revenue Bonds, West Village Student Housing Project, Series 2018, 4.000%, 5/15/48  –  BAM Insured   11/28 at 100.00 Baa3 3,312,920
    California Public Finance Authority, University Housing Revenue Bonds, National Campus Community Development - Claremont Properties LLC Claremont Colleges Project, Series 2017A:        
890   5.000%, 7/01/37, 144A   7/27 at 100.00 B1 925,929
1,975   5.000%, 7/01/47, 144A   7/27 at 100.00 B1 2,025,027
450   California Statewide Communities Development Authority, College Housing Revenue Bonds, National Campus Community Development - Hooper Street LLC Project, Series 2019, 5.250%, 7/01/52, 144A   7/29 at 100.00 BB+ 506,592
      9
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Multifamily (continued)        
    California Statewide Communities Development Authority, Revenue Bonds, Lancer Educational Student Housing Project, Refunding Series 2016A:        
$1,000   5.000%, 6/01/36, 144A   6/26 at 100.00 N/R $1,108,660
2,090   5.000%, 6/01/46, 144A   6/26 at 100.00 N/R 2,284,286
    Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Augusta Communities Mobile Home Park, Series 2012A:        
740   5.000%, 5/15/39   5/22 at 100.00 A+ 786,383
1,010   5.000%, 5/15/47   5/22 at 100.00 A+ 1,070,812
1,000   Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Palomar Estates West, Refunding Series 2015, 5.000%, 9/15/36   9/25 at 100.00 N/R 1,084,450
1,340   Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Rancho Feliz and Las Casitas De Sonoma, Refunding Series 2012, 5.000%, 10/15/47   10/22 at 100.00 BBB 1,419,368
315   La Verne, California, Mobile Home Park Revenue Bonds, Copacabana Mobile Home Park, Refunding Series 2014, 5.000%, 6/15/49   6/24 at 100.00 A 347,930
2,110   Palmdale Housing Authority, California, Multifamily Housing Revenue Bonds, Impression, La Quinta, Park Vista & Summerwood Apartments, Series 2015, 5.250%, 6/01/45   6/25 at 100.00 N/R 2,204,676
445   Santa Clara County Housing Authority, California, Multifamily Housing Revenue Bonds, Blossom River Project, Series 1998A, 6.500%, 9/01/39 (AMT)   7/19 at 100.00 N/R 445,530
470   Wilson County Health and Educational Facilities Board, Tennessee, Senior Living Revenue Bonds, Rutland Place Inc Project, Series 2015A, 5.500%, 1/01/46   7/19 at 100.00 N/R 429,660
36,510   Total Housing/Multifamily       39,353,741
    Industrials – 0.2%        
2,830   California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Aemerge Redpak Services, LLC, Series 2016, 7.000%, 12/01/27 (AMT), 144A   12/23 at 102.00 N/R 2,547,000
750   Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc, Series 2007A, 6.350%, 7/01/27 (AMT) (4)   7/19 at 100.00 N/R 7
3,580   Total Industrials       2,547,007
    Long-Term Care – 0.8%        
3,000   ABAG Finance Authority for Nonprofit Corporations, California, Revenue Bonds, Episcopal Senior Communities, Refunding Series 2012A, 5.000%, 7/01/47   7/22 at 100.00 A- 3,193,380
3,700   California Statewide Communities Development Authority, Revenue Bonds, 899 Charleston Project, Refunding Series 2014A, 5.250%, 11/01/44, 144A   11/24 at 100.00 N/R 4,052,684
520   California Statewide Communities Development Authority, Revenue Bonds, American Baptist Homes of the West, Series 2010, 6.250%, 10/01/39   10/19 at 100.00 BBB+ 527,940
1,000   California Statewide Communities Development Authority, Revenue Bonds, Terraces San Joaquin Gardens, Series 2012A, 5.625%, 10/01/32   10/22 at 100.00 N/R 1,075,870
8,220   Total Long-Term Care       8,849,874
    Tax Obligation/General – 19.0%        
7,500   Allan Hancock Joint Community College District, California, General Obligation Bonds, Election 2006 Series 2012C, 0.000%, 8/01/44 (UB) (5)   8/38 at 100.00 AA 5,502,825
8,200   Anaheim Elementary School District, Orange County, California, General Obligation Bonds, Election 2016, Series 2018A, 4.000%, 8/01/48 (UB) (5)   8/27 at 100.00 Aa3 8,890,850
10      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$1,000   Aromas-San Juan Unified School District, San Benito, Santa Cruz and Monterey Counties, California, General Obligation Bonds, Series 2013B, 0.000%, 8/01/52  –  AGM Insured   8/37 at 100.00 AA $682,590
    Bakersfield City School District, Kern County, California, General Obligation Bonds, Series 2012C:        
1,700   0.000%, 5/01/37 (6)   No Opt. Call A+ 1,196,664
6,925   5.800%, 5/01/42 (6)   5/40 at 100.00 A+ 5,203,999
5,500   0.000%, 5/01/47 (6)   5/40 at 100.00 A+ 4,111,910
1,250   California State, General Obligation Bonds, Tender Option Bond Trust 2015-XF1039, 14.377%, 10/01/44, 144A (IF) (5)   10/24 at 100.00 AA- 1,981,475
1,630   California State, General Obligation Bonds, Various Purpose Series 2013, 5.000%, 4/01/43   4/23 at 100.00 AA- 1,818,754
1,500   California State, General Obligation Bonds, Various Purpose Series 2015, 5.000%, 3/01/45 (UB) (5)   3/25 at 100.00 AA- 1,731,780
5,000   California State, General Obligation Bonds, Various Purpose Series 2017, 5.000%, 8/01/46 (UB)   8/26 at 100.00 AA- 5,881,450
    California State, General Obligation Bonds, Various Purpose, Tender Option Bond Trust 2015-XF1041:        
750   10.316%, 11/01/44, 144A (IF) (5)   11/24 at 100.00 AA- 942,878
545   10.316%, 11/01/44, 144A (IF) (5)   11/24 at 100.00 AA- 685,158
1,250   10.316%, 11/01/44, 144A (IF) (5)   11/24 at 100.00 AA- 1,571,462
1,005   10.305%, 11/01/44, 144A (IF) (5)   11/24 at 100.00 AA- 1,263,134
4,610   Central Unified School District, Fresno County, California, General Obligation Bonds, 2008 Election Series 2013B, 0.000%, 8/01/37   8/22 at 44.31 A2 1,923,615
3,800   Central Unified School District, Fresno County, California, General Obligation Bonds, 2016 Election Series 2018B, 4.000%, 8/01/48 (UB) (5)   8/26 at 100.00 Aa3 4,051,750
11,090   Cupertino Union School District, Santa Clara County, California, General Obligation Bonds, Election 2012, Series 2016C, 4.000%, 8/01/40 (UB) (5)   8/26 at 100.00 AA+ 12,131,240
1,115   Denair Unified School District, Stanislaus County, California, General Obligation Bonds, Series 2002A, 0.000%, 8/01/26  –  FGIC Insured   No Opt. Call Baa2 956,235
2,640   Elk Grove Unified School District, Sacramento County, California, General Obligation Bonds, Election of 2016, Series 2017, 4.000%, 8/01/46 (UB) (5)   8/26 at 100.00 Aa2 2,845,339
5,000   Fresno Unified School District, Fresno County, California, General Obligation Bonds, Crossover Refunding Series 2016B, 4.000%, 8/01/46 (UB) (5)   8/26 at 100.00 Aa3 5,378,800
8,285   Fresno Unified School District, Fresno County, California, General Obligation Bonds, Election 2010 Series 2014D, 4.000%, 8/01/47 (UB) (5)   8/24 at 100.00 Aa3 8,751,694
5,000   Gilroy Unified School District, Santa Clara County, California, General Obligation Bonds, Election of 2008 & 2016, Series 2019, 4.000%, 8/01/48 (UB) (5)   8/27 at 100.00 Aa3 5,428,850
4,560   Hartnell Community College District, Monterey County, California, General Obligation Bonds, Election 2016 Series 2017A, 4.000%, 8/01/47 (UB) (5)   8/27 at 100.00 AA 4,950,154
1,000   Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/27   No Opt. Call BBB- 1,155,790
1,205   Jamul Dulzura Union School District, San Diego County, California, General Obligation Bonds, Election 1995 Series 2004A, 0.000%, 11/01/28  –  NPFG Insured   No Opt. Call Baa2 942,358
      11
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Lake Tahoe Unified School District, El Dorado County, California, General Obligation Bonds, Series 2010:        
$3,795   0.000%, 8/01/45  –  AGM Insured (6)   No Opt. Call A1 $3,155,087
5,315   0.000%, 8/01/45  –  AGM Insured (UB) (5)   No Opt. Call A1 4,418,785
6,235   Long Beach Community College District, California, General Obligation Bonds, Capital Appreciation, Election 2008 Series 2008A, 0.010%, 6/01/30  –  AGM Insured   No Opt. Call AA 4,798,892
12,000   Long Beach Community College District, California, General Obligation Bonds, Refunding 2008 Election Series 2012B, 0.000%, 8/01/49 (UB) (5)   8/42 at 100.00 AA 9,036,120
10,900   Marin Healthcare District, Marin County, California, General Obligation Bonds, 2013 Election, Series 2017A, 4.000%, 8/01/47 (UB) (5)   8/27 at 100.00 Aa2 11,857,456
1,000   Montebello Unified School District, Los Angeles County, California, General Obligation Bonds, Election 1998 Series 2004, 0.010%, 8/01/26  –  FGIC Insured   No Opt. Call Baa2 843,170
5,000   Montebello Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2016 Series 2016A, 4.000%, 8/01/46 (UB) (5)   8/26 at 100.00 A1 5,312,100
7,000   Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2018, Series 2019A, 4.000%, 8/01/49 (UB) (5)   8/29 at 100.00 AA 7,730,800
650   Newman-Crows Landing Unified School District, Stanislaus County, California, General Obligation Bonds, 2008 Election, Series 2010B, 0.000%, 8/01/49  –  AGM Insured   No Opt. Call A1 564,031
2,000   Northern Inyo County Local Hospital District, California, General Obligation Bonds, Election 2005 Series 2009, 0.000%, 11/01/38  –  AGC Insured   No Opt. Call AA 902,500
2,250   Orland Joint Unified School District, Glenn and Tehama Counties, California, General Obligation Bonds, 2008 Election, Series 2012B, 0.000%, 8/01/51   8/37 at 100.00 AA 1,609,245
1,350   Paso Robles Joint Unified School District, San Luis Obispo and Monteray Counties, California, General Obligation Bonds, Election 2006 Series 2010A, 0.000%, 9/01/34   No Opt. Call A1 865,337
5,000   Pittsburg Unified School District, Contra Costa County, California, General Obligation Bonds, Refunding Series 2016, 4.000%, 8/01/40 (UB) (5)   8/26 at 100.00 Aa3 5,367,800
4,725   River Delta Unified School District, School Facilities Improvement District 2, Sacramento and Solano Counties, California, General Obligation Bonds, Election 2004 Series 2008, 0.000%, 4/01/48  –  AGM Insured   No Opt. Call AA 1,760,582
10,000   San Diego Unified School District, San Diego County, California, General Obligation Bonds, Election of 2012 Series 2013C, 4.000%, 7/01/42 (UB) (5)   7/23 at 100.00 AA- 10,556,600
15,000   San Diego Unified School District, San Diego County, California, General Obligation Bonds, Refunding Series 2012R-2, 0.000%, 7/01/41 (UB) (5)   7/40 at 100.00 AA- 14,316,750
1,980   San Diego Unified School District, San Diego County, California, General Obligation Bonds, Tender Option Bond 2016-XF2355, 10.150%, 7/01/38, 144A (IF) (5)   7/23 at 100.00 AA- 2,462,288
10,000   Santa Clara Unified School District, Santa Clara County, California, General Obligation Bonds, Election of 2018, Series 2019, 4.000%, 7/01/48 (UB) (5)   7/26 at 100.00 AA+ 10,789,100
7,655   Savanna Elementary School District, Orange County, California, General Obligation Bonds, Election 2008 Series 2012B, 0.000%, 2/01/52  –  AGM Insured (6)   No Opt. Call A2 7,024,151
    Southwestern Community College District, San Diego County, California, General Obligation Bonds, Election of 2008, Series 2011C:        
1,500   0.000%, 8/01/41   No Opt. Call AA- 766,860
5,730   0.000%, 8/01/46   No Opt. Call AA- 2,308,904
12      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$2,145   Turlock Unified School District, Stanislaus and Merced Counties, California, General Obligation Bonds, Elementary School Facilities Improvement District 1, 2016 Election Series 2017, 4.000%, 8/01/46  –  AGM Insured   8/26 at 100.00 Aa3 $2,317,630
1,880   Walnut Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2000 Series 2003D, 0.000%, 8/01/28  –  FGIC Insured   No Opt. Call AA- 1,561,020
2,250   West Hills Community College District, California, General Obligation Bonds, School Facilities Improvement District 3, 2008 Election Series 2011, 0.000%, 8/01/38  –  AGM Insured (6)   8/31 at 100.00 A2 2,248,808
217,420   Total Tax Obligation/General       202,554,770
    Tax Obligation/Limited – 32.7%        
1,000   Adelanto Community Facilities District Number 2006-2, San Bernadino County, California, Special Tax Bonds, Series 2015A, 5.000%, 9/01/45   9/25 at 100.00 N/R 1,103,960
    Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C:        
330   0.000%, 9/01/28  –  AGM Insured   No Opt. Call A2 262,848
240   0.000%, 9/01/30  –  AGM Insured   No Opt. Call A2 176,419
4,475   0.010%, 9/01/34  –  AGM Insured   No Opt. Call A2 2,808,778
4,305   0.000%, 9/01/35  –  AGM Insured   No Opt. Call A2 2,593,590
435   Arvin Community Redevelopment Agency, California, Tax Allocation Bonds, Arvin Redevelopment Project, Series 2005, 5.125%, 9/01/35   7/19 at 100.00 N/R 434,996
910   Azusa, California, Special Tax Bonds, Community Facilities District 2005-1 Rosedale Improvement Area 1, Series 2007, 5.000%, 9/01/37   9/19 at 100.00 N/R 915,123
1,030   Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 17A, Series 2013B, 5.000%, 9/01/34   9/23 at 100.00 N/R 1,123,442
1,000   Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 20 Series 2012B, 5.950%, 9/01/35   9/22 at 100.00 N/R 1,097,570
2,590   Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 7A-1, Series 2015A, 5.000%, 9/01/45   9/25 at 100.00 N/R 2,861,018
    Beaumont, California, Special Tax Bonds, Community Facilities District 2016-1 Fairway Canyon, Series 2019:        
300   5.000%, 9/01/44   9/25 at 103.00 N/R 341,382
400   5.000%, 9/01/49   9/25 at 103.00 N/R 453,636
    Beaumont, California, Special Tax Bonds, Community Facilities District 93-1 Improvement Area 17C, Series 2018:        
750   5.000%, 9/01/43   9/25 at 103.00 N/R 855,668
1,115   5.000%, 9/01/48   9/25 at 103.00 N/R 1,266,785
    Beaumont, California, Special Tax Bonds, Community Facilities District 93-1 Improvement Area 8D, Series 2018A:        
750   5.000%, 9/01/43   9/25 at 103.00 N/R 855,667
1,035   5.000%, 9/01/48   9/25 at 103.00 N/R 1,175,895
1,900   Blythe Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Redevelopment Project 1, Refunding Series 2015, 5.000%, 5/01/38   11/25 at 100.00 N/R 2,106,796
      13
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Brea Redevelopment Agency, Orange County, California, Tax Allocation Bonds, Project Area AB, Series 2003:        
$1,500   0.000%, 8/01/28  –  AMBAC Insured   No Opt. Call AA- $1,209,915
2,300   0.000%, 8/01/29  –  AMBAC Insured   No Opt. Call AA- 1,788,503
6,710   0.000%, 8/01/30  –  AMBAC Insured   No Opt. Call AA- 4,996,669
1,700   Brentwood Infrastructure Financing Authority, California, Infrastructure Revenue Bonds, Refunding Subordinated Series 2014B, 5.000%, 9/02/36   9/24 at 100.00 N/R 1,929,279
5,600   California Community College Financing Authority, Lease Revenue Bonds, Refunding Series 2003, 0.000%, 6/01/33  –  AMBAC Insured   No Opt. Call AA+ 3,420,032
2,000   California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2013I, 5.000%, 11/01/38   11/23 at 100.00 A+ 2,262,580
2,000   California Statewide Communities Development Authority, Community Facilities District No 2015-01, Improvement Area No 2 University District, Special Tax Bonds, Series 2017, 5.000%, 9/01/47   9/27 at 100.00 N/R 2,288,060
2,500   California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 15-2 Rio Bravo, Series 2015A, 5.625%, 9/01/45   9/25 at 100.00 N/R 2,623,650
915   California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2007-1 Orinda Wilder Project, Refunding Series 2015, 5.000%, 9/01/37   9/25 at 100.00 N/R 1,019,777
1,000   California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2012-01, Fancher Creek, Series 2013A, 5.700%, 9/01/43   9/22 at 100.00 N/R 1,063,340
    California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2012-02, Manteca Lifestyle Center, Series 2013A:        
1,000   5.000%, 9/01/33   9/23 at 100.00 N/R 1,091,840
2,000   5.125%, 9/01/42   9/23 at 100.00 N/R 2,171,500
5,250   California Statewide Communities Development Authority, Special Tax Bonds, Community Facilities District 2017-01 Horse Creek, Series 2018, 5.000%, 9/01/48   9/28 at 100.00 N/R 6,079,447
1,000   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Pacific Highlands Ranch Project, Series 2019, 5.000%, 9/02/49   9/29 at 100.00 N/R 1,172,340
    California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Refunding Series 2015R-1:        
3,605   5.000%, 9/02/35   9/25 at 100.00 N/R 3,872,275
1,180   5.000%, 9/02/40   9/25 at 100.00 N/R 1,256,641
990   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2011A, 8.000%, 9/02/41   9/21 at 100.00 N/R 1,019,561
2,275   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2014A, 5.000%, 9/02/43   9/22 at 100.00 N/R 2,416,960
2,060   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2014B, 5.000%, 9/02/44   9/24 at 100.00 N/R 2,175,422
2,250   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2016A, 5.000%, 9/02/45   9/26 at 100.00 N/R 2,434,275
14      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2016B:        
$1,690   5.000%, 9/02/36   9/26 at 100.00 N/R $1,893,087
3,310   5.000%, 9/02/46   9/26 at 100.00 N/R 3,653,446
480   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2017A, 5.000%, 9/02/46   9/27 at 100.00 N/R 517,944
400   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2017B, 5.000%, 9/02/47   9/27 at 100.00 N/R 440,220
1,775   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2017C, 5.000%, 9/02/47   9/27 at 100.00 N/R 1,973,551
605   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2018A, 5.000%, 9/02/47   9/28 at 100.00 N/R 682,325
650   Cathedral City Public Financing Authority, California, Tax Allocation Bonds, Merged Redevelopment Project Area, Series 2007A, 4.500%, 8/01/35  –  AMBAC Insured   7/19 at 100.00 Ba1 650,741
850   Cathedral City Public Financing Authority, California, Tax Allocation Bonds, Merged Redevelopment Project Area, Series 2007C, 4.500%, 8/01/35   7/19 at 100.00 BBB 850,646
315   Chino Public Financing Authority, California, Revenue Bonds, Refunding Series 2012, 5.000%, 9/01/38   9/22 at 100.00 N/R 336,174
1,540   Chino, California, Special Tax Bonds, Community Facilities District 2016-3, Series 2017, 5.000%, 9/01/47   9/24 at 103.00 N/R 1,727,326
    Chula Vista, California, Special Tax Bonds, Community Facilities District 16-I Millenia Improvement Area 1, Series 2018:        
1,000   5.000%, 9/01/43   9/25 at 103.00 N/R 1,137,750
1,250   5.000%, 9/01/48   9/25 at 103.00 N/R 1,418,862
320   City of Dublin, California, Community Facilities District No 2015-1, Dublin Crossing, Improvement Area No 1, Special Tax Bonds, Series 2017, 5.000%, 9/01/47   9/27 at 100.00 N/R 363,136
1,000   Compton Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Projects, Housing Second Lien Series 2010A, 5.500%, 8/01/30   8/20 at 100.00 N/R 1,034,120
500   Compton Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Projects, Second Lien Series 2010B, 5.750%, 8/01/26   8/20 at 100.00 N/R 519,060
    Compton Public Finance Authority, California, Lease Revenue Bonds, Refunding & Various Capital Projects, Series 2008:        
415   5.000%, 9/01/22  –  AMBAC Insured   7/19 at 100.00 N/R 416,004
500   5.250%, 9/01/27  –  AMBAC Insured   7/19 at 100.00 N/R 501,085
210   5.000%, 9/01/32  –  AMBAC Insured   7/19 at 100.00 N/R 210,349
670   Corona, California, Special Tax Bonds, Community Facilities District 2002-1 Dos Lagos Improvement Area 1, Refunding Series 2017, 5.000%, 9/01/37   9/24 at 103.00 N/R 756,276
855   Corona, California, Special Tax Bonds, Community Facilities District 2002-1 Dos Lagos, Refunding Series 2017, 5.000%, 9/01/34   9/24 at 103.00 N/R 969,878
    Corona, California, Special Tax Bonds, Community Facilities District 2018-1 Bedford, Series 2018A:        
1,000   5.000%, 9/01/43   9/24 at 103.00 N/R 1,120,920
1,250   5.000%, 9/01/48   9/24 at 103.00 N/R 1,397,887
      15
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Corona-Norco Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 05-1, Series 2016:        
$1,500   5.000%, 9/01/36   9/26 at 100.00 N/R $1,720,185
1,000   4.000%, 9/01/45   9/26 at 100.00 N/R 1,051,310
    Dana Point, California, Special Tax Bonds, Community Facilities District 2006-1 Series 2014:        
250   5.000%, 9/01/38   9/23 at 100.00 N/R 266,783
1,250   5.000%, 9/01/45   9/23 at 100.00 N/R 1,337,500
990   Davis Redevelopment Agency, California, Tax Allocation Bonds, Davis Redevelopment Project, Subordinate Series 2011A, 7.000%, 12/01/36   12/21 at 100.00 A+ 1,120,215
250   El Dorado County, California, Special Tax Bonds, Community Facilities District 2005-2, Series 2006, 5.100%, 9/01/36   9/19 at 100.00 N/R 251,298
1,050   Elk Grove Finance Authority, California, Special Tax Revenue Bonds, Series 2018, 5.000%, 9/01/43   9/26 at 100.00 N/R 1,189,482
430   Fairfield, California, Community Facilities District 2007-1 Special Tax Bonds, Fairield Commons Project, Series 2008, 6.875%, 9/01/38   9/19 at 100.00 N/R 435,422
    Fillmore, California, Special Tax Bonds, Community Facilities District 5, Improvement Area, Series 2015A:        
1,500   5.000%, 9/01/40   9/23 at 102.00 N/R 1,647,030
2,530   5.000%, 9/01/45   9/23 at 102.00 N/R 2,772,779
    Folsom, California, Special Tax Bonds, Community Facilities District 16 Islands at Parkshore Improvement Area 1, Series 2018:        
500   4.000%, 9/01/43   7/19 at 103.00 N/R 515,190
1,545   4.000%, 9/01/48   7/19 at 103.00 N/R 1,591,875
1,135   Fontana, California, Special Tax Bonds, Community Facilities District 31 Citrus Heights North, Series 2018, 5.000%, 9/01/36   9/25 at 103.00 N/R 1,306,374
1,350   Fontana, California, Special Tax Bonds, Sierra Hills South Community Facilities District 22, Refunding Series 2014, 5.000%, 9/01/34   9/24 at 100.00 N/R 1,500,066
2,305   Fullerton, California, Special Tax Bonds, Community Facilities District 2 Amerige Heights, Series 2014, 5.000%, 9/01/44   9/23 at 100.00 N/R 2,455,977
    Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A:        
5,000   5.000%, 6/01/40 (UB) (5)   6/25 at 100.00 A+ 5,772,000
2,000   5.000%, 6/01/45 (UB) (5)   6/25 at 100.00 A+ 2,300,800
3,750   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Tender Option Bond Trust 2015-XF1038, 13.479%, 6/01/45, 144A (IF) (5)   6/25 at 100.00 A+ 6,005,887
500   Government of Guam, Business Privilege Tax Bonds, Series 2012B-1, 5.000%, 1/01/42   1/22 at 100.00 BB 519,250
    Guam Government Department of Education, Certificates of Participation, John F Kennedy High School Project, Series 2010A:        
880   6.625%, 12/01/30   12/20 at 100.00 B+ 904,288
1,175   6.875%, 12/01/40   12/20 at 100.00 B+ 1,212,377
16      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2005:        
$1,000   5.000%, 8/01/25  –  AMBAC Insured   7/19 at 100.00 N/R $1,015,150
1,000   5.000%, 8/01/35  –  AMBAC Insured   7/19 at 100.00 N/R 1,010,810
    Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2007A:        
365   4.625%, 8/01/37  –  AMBAC Insured   7/19 at 100.00 N/R 367,051
745   4.750%, 8/01/42  –  AMBAC Insured   7/19 at 100.00 N/R 749,187
150   5.000%, 8/01/42  –  AMBAC Insured   7/19 at 100.00 N/R 150,843
1,990   Hesperia, California, Special Tax Bonds, Community Facilities District 2005-1 Belgate Development Restructuring Series 2014, 5.000%, 9/01/35   9/24 at 100.00 N/R 2,195,846
1,035   Imperial, California, Special Tax Bonds, Community Facilities District 2005-1 Springfield, Series 2015A, 5.000%, 9/01/36   9/25 at 100.00 N/R 1,163,371
155   Indio Redevelopment Agency, California, Tax Allocation Bonds, Merged Area Redevelopment Project, Subordinate Lien Refunding Series 2008A, 5.250%, 8/15/28   7/19 at 100.00 A 155,477
620   Indio, California, Special Tax Bonds, Community Facilities District 2004-3 Terra Lago, Improvement Area 1, Series 2015, 5.000%, 9/01/35   9/25 at 100.00 N/R 688,343
795   Irvine, California, Limited Obligation Improvement Bonds, Reassessment District 15-2, Series 2015, 5.000%, 9/02/42   9/25 at 100.00 N/R 887,681
745   Irvine, California, Special Tax Bonds, Community Facilities District 2004-1 Central Park, Series 2015A, 5.000%, 9/01/45   9/25 at 100.00 N/R 829,848
500   Irvine, California, Special Tax Bonds, Community Facilities District 2013-3 Great Park, Improvement Area 1, Refunding Series 2014, 5.000%, 9/01/39   9/24 at 100.00 N/R 551,465
900   Irvine, California, Special Tax Bonds, Community Facilities District 2013-3 Great Park, Improvement Area 4, Series 2016, 4.000%, 9/01/49   9/23 at 103.00 N/R 935,379
500   Jurupa Community Services District, California, Special Tax Bonds, Community Facilities District 37 Eastvale Improvement Area 1,Series 2016, 3.250%, 9/01/46   9/21 at 103.00 N/R 484,720
700   Jurupa Community Services District, California, Special Tax Bonds, Community Facilities District 37 Eastvale Improvement Area 2,Series 2016A, 3.250%, 9/01/46   9/21 at 103.00 N/R 673,792
1,400   Jurupa Community Services District, California, Special Tax Bonds, Community Facilities District 43, Series 2016, 5.000%, 9/01/45   9/26 at 100.00 N/R 1,577,170
1,000   Jurupa Unified School District, California, Special Tax Bonds, Community Facilities District 11 Improvement Area B, Series 2017A, 4.000%, 9/01/47   9/24 at 103.00 N/R 1,045,700
3,380   Jurupa Unified School District, California, Special Tax Bonds, Community Facilities District 9, Series 2015A, 5.000%, 9/01/45   9/25 at 100.00 N/R 3,764,205
335   Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area C, Series 2012C, 5.000%, 9/01/37   9/22 at 100.00 N/R 357,334
1,135   Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2015, 5.000%, 9/01/40   9/25 at 100.00 N/R 1,268,771
    Lake Elsinore Redevelopment Agency, California, Special Tax Bonds, Community Facilities District 13-1, Series 2017:        
800   4.000%, 9/01/42   9/24 at 103.00 N/R 834,800
1,000   4.000%, 9/01/47   9/24 at 103.00 N/R 1,043,500
      17
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$1,220   Lake Elsinore Unified School District, California, Special Tax Bonds, Community Facilities District 2004-2, Series 2005, 5.350%, 9/01/35   9/19 at 100.00 N/R $1,227,357
1,000   Lake Elsinore Unified School District, California, Special Tax Bonds, Community Facilities District 2006-2 Improvement Area B, Series 2018, 4.000%, 9/01/48   9/24 at 100.00 N/R 1,028,540
2,995   Lammersville Joint Unified School District, San Joaquin County, California, Special Tax Bonds, Community Facilities District 2002 Mountain House, Series 2013, 5.000%, 9/01/37   9/22 at 100.00 N/R 3,191,951
2,000   Lammersville School District, California, Special Tax Refunding Bonds, Community Facilities District 2002 Mountain House, Series 2012, 5.375%, 9/01/32   9/22 at 100.00 N/R 2,112,480
1,000   Lathrop, California, Limited Obligation Improvement Bonds, Crossroads Assessment District, Series 2015, 5.000%, 9/02/40   9/25 at 100.00 N/R 1,113,670
    Lathrop, California, Special Tax Bonds, Community Facilities District 2018-1, Central Lathrop Specific Plan Improvement Areas 1-5 Special Tax Bonds, Series 2019:        
605   5.650%, 9/01/38   9/26 at 103.00 N/R 618,848
970   5.750%, 9/01/43   9/26 at 103.00 N/R 992,766
    Lee Lake Public Financing Authority, California, Junior Lien Revenue Bonds, Series 2013B:        
785   5.125%, 9/01/28   9/23 at 100.00 N/R 851,592
395   5.250%, 9/01/32   9/23 at 100.00 N/R 427,268
    Lincoln, California, Special Tax Bonds, Community Facilities District 2005-1 Sorrento Project, Series 2014A:        
600   5.000%, 9/01/34   9/24 at 100.00 N/R 662,988
935   5.000%, 9/01/39   9/24 at 100.00 N/R 1,026,845
1,825   5.000%, 9/01/43   9/24 at 100.00 N/R 1,999,817
2,615   Los Alamitos Unified School District, Orange County, California, Certificates of Participation, Series 2012, 0.000%, 8/01/42 (6)   8/29 at 100.00 Aa3 2,610,973
1,690   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 1,729,647
1,275   Lynwood Redevelopment Agency, California, Tax Allocation Revenue Bonds, Project Area A, Subordinate Lien Series 2011A, 7.250%, 9/01/38   9/21 at 100.00 A 1,432,603
2,022   Manteca Unified School District, San Joaquin County, California, Certificates of Participation, Series 2004, 0.000%, 9/15/33  –  NPFG Insured   No Opt. Call Baa2 1,317,778
450   Marina Redevelopment Agency Successor Agency, California, Housing Tax Allocation Bonds, Series 2018B, 5.000%, 9/01/38   9/25 at 103.00 N/R 501,372
    Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2006-1, Series 2014:        
500   4.125%, 9/01/39   9/19 at 103.00 N/R 515,955
500   4.250%, 9/01/44   9/19 at 103.00 N/R 515,965
    Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2011-1, Improvement Area 1, Series 2015:        
2,000   5.000%, 9/01/39   9/24 at 100.00 N/R 2,201,760
500   4.250%, 9/01/44   9/24 at 100.00 N/R 522,425
1,000   5.000%, 9/01/44   9/24 at 100.00 N/R 1,097,820
18      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$1,450   Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2011-1, Series 2019, 5.000%, 9/01/48 (WI/DD, Settling 6/13/19)   9/26 at 103.00 N/R $1,659,655
1,000   Menifee Union School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2014-2, Series 2017, 5.000%, 9/01/47   9/24 at 103.00 N/R 1,117,290
    Merced Redevelopment Agency, California, Tax Allocation Bonds, Merced Redevelopment Project 2, Series 2003A:        
1,890   0.000%, 12/01/21  –  AMBAC Insured   No Opt. Call N/R 1,801,472
1,055   0.000%, 12/01/23  –  AMBAC Insured   No Opt. Call N/R 957,771
835   Moorpark, California, Special Tax Bonds, Community Facilities District 2004-1, Refunding Junior Lien Series 2014B, 5.000%, 9/01/33   9/24 at 100.00 N/R 923,518
970   Moreno Valley Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2015-2, Series 2019, 5.000%, 9/01/48   9/25 at 103.00 N/R 1,081,899
1,085   Moreno Valley Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2015-3, Series 2019, 4.000%, 9/01/44   9/25 at 103.00 N/R 1,119,677
1,000   Moreno Valley, California, Special Tax Bonds, Community Facilities District 5, Series 2007, 5.000%, 9/01/37   9/19 at 100.00 N/R 1,004,270
1,310   Murrieta Valley Unified School District Public Finance Authority, Riverside County, California, Refunding Bonds Series 2013, 5.000%, 9/01/33   9/23 at 100.00 N/R 1,428,856
825   Murrieta, California, Special Tax Bonds, Community Facilities District 2005-5 Golden City Improvement Area A, Series 2017, 5.000%, 9/01/46   9/27 at 100.00 N/R 934,989
330   Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment Project, Series 2011, 6.750%, 9/01/40   9/21 at 100.00 A- 363,663
2,500   Oakley Public Financing Authority, Contra Costa County, California, Revenue Bonds, Refunding Series 2014, 5.000%, 9/02/36  –  BAM Insured   9/24 at 100.00 AA 2,874,550
1,250   Oceanside, California, Special Tax Bonds, Community Facilities District 2006-1, Pacific Coast Business Park, Series 2017, 5.000%, 9/01/38   9/25 at 102.00 N/R 1,419,725
1,000   Ontario, California, Special Tax Bonds, Community Facilities District 24 Park Place Facilities Phase I, Series 2016, 5.000%, 9/01/41   9/26 at 100.00 N/R 1,133,750
1,200   Ontario, California, Special Tax Bonds, Community Facilities District 28 New Haven Facilities - Area A, Series 2017, 5.000%, 9/01/47   9/24 at 103.00 N/R 1,336,380
1,170   Ontario, California, Special Tax Bonds, Community Facilities District 30 New Haven Facilities - Area B, Series 2017, 4.000%, 9/01/48   9/24 at 103.00 N/R 1,221,749
2,000   Orange County, California, Special Tax Bonds, Community Facilities District 2015-1 Esencia Village, Series 2015A, 5.250%, 8/15/45   8/25 at 100.00 N/R 2,252,680
3,530   Palm Desert, California, Limited Obligation Improvement Bonds, Section 29 Assessment District 2004-02, Series 2007, 5.100%, 9/02/37   9/19 at 100.00 N/R 3,549,415
    Palm Desert, California, Special Tax Bonds, Community Facilities District 2005-1 University Park, Series 2006:        
145   5.000%, 9/01/21   9/19 at 100.00 N/R 145,100
285   5.300%, 9/01/32   9/19 at 100.00 N/R 285,274
740   5.450%, 9/01/32   9/19 at 100.00 N/R 740,977
1,095   5.500%, 9/01/36   9/19 at 100.00 N/R 1,096,303
      19
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$1,600   Palm Drive Health Care District, Sonoma County, California, Certificates of Participation, Parcel Tax Secured Financing Program, Series 2010, 7.500%, 4/01/35   7/19 at 102.00 CCC+ $1,555,120
1,395   Palm Drive Health Care District, Sonoma County, California, Parcel Tax Revenue Bonds, Series 2005, 5.250%, 4/01/30   7/19 at 100.00 CCC+ 1,378,274
1,230   Palmdale Community Redevelopment Agency, California, Tax Allocation Bonds, Merged Redevelopment Project Areas, Series 2002, 0.000%, 12/01/30  –  AMBAC Insured   No Opt. Call AA- 904,050
1,160   Palmdale, California, Special Tax Bonds, Community Facilities District 2005-1, Series 2005, 6.750%, 9/01/35   9/19 at 100.00 N/R 1,161,427
980   Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A, 5.750%, 9/01/39   9/23 at 100.00 N/R 1,086,124
985   Perris Joint Powers Authority, California, Local Agency Revenue Bonds, Community Facilities District 2001-1 May Farms Improvement Area 6 &7, Refunding Series 2014E, 4.250%, 9/01/38   9/24 at 100.00 N/R 1,034,989
1,075   Perris Joint Powers Authority, California, Local Agency Revenue Bonds, Community Facilities District 2006-1, Meritage Homes, Refunding Series 2014B, 5.000%, 9/01/38   9/23 at 100.00 N/R 1,165,590
    Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community Development Project, Series 1999:        
2,990   0.000%, 8/01/27  –  AMBAC Insured   No Opt. Call A 2,438,225
2,500   0.000%, 8/01/28  –  AMBAC Insured   No Opt. Call A 1,980,375
1,275   Poway Unified School District Public Financing Authority, California, Special Tax Revenue Refunding Bonds, Series 2015B, 4.000%, 9/01/36  –  BAM Insured   9/25 at 100.00 AA+ 1,375,840
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
2,000   4.750%, 7/01/53   7/28 at 100.00 N/R 1,934,380
14,000   5.000%, 7/01/58   7/28 at 100.00 N/R 13,951,700
1,200   Rancho Cardova, California, Special Tax Bonds, Community Facilities District 2005-1 Sunridge North Douglas Series 2015, 5.000%, 9/01/40   9/25 at 100.00 N/R 1,338,156
1,190   Rancho Cardova, California, Special Tax Bonds, Community Facilities District 2005-1 Sunridge North Douglas Series 2018, 4.000%, 9/01/42   9/24 at 103.00 N/R 1,248,750
3,000   Rancho Cordova, California, Special Tax Bonds, Community Facilities District 2003-1 Sunridge Anatolia Area, Junior Lien Series 2014, 5.650%, 10/01/38   7/19 at 100.00 N/R 3,005,880
    Redwood City Redevelopment Agency, California, Tax Allocation Bonds, Project Area 2, Series 2003A:        
1,755   0.000%, 7/15/29  –  AMBAC Insured   No Opt. Call A 1,362,635
1,260   0.000%, 7/15/31  –  AMBAC Insured   No Opt. Call A 892,811
1,185   Rio Vista, California, Special Tax Bonds, Community Facilities District 2018-1 Liberty Community, Series 2018-1, 5.000%, 9/01/48   9/25 at 103.00 N/R 1,345,093
1,250   Riverside County Asset Leasing Corporation, California, Lease Revenue Bonds, Capital Project, Tender Option Bond Trust 2015-XF1020, 14.429%, 11/01/45, 144A (IF) (5)   11/25 at 100.00 A+ 2,165,412
1,295   Riverside County Asset Leasing Corporation, California, Leasehold Revenue Bonds, Riverside County Hospital Project, Series 1997, 0.000%, 6/01/26  –  NPFG Insured   No Opt. Call A1 1,115,215
3,155   Riverside County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Interstate 215 Corridor Redevelopment Project Area, Refunding Series 2014E, 4.000%, 10/01/37  –  AGM Insured   10/24 at 100.00 AA 3,354,617
20      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$2,115   Riverside County, California, Special Tax Bonds, Community Facilities District 03-1 Newport Road, Series 2014, 5.000%, 9/01/30   9/24 at 100.00 N/R $2,365,458
870   Riverside County, California, Special Tax Bonds, Community Facilities District 04-2 Lake Hill Crest, Series 2012, 5.000%, 9/01/35   9/22 at 100.00 N/R 929,438
    Riverside County, California, Special Tax Bonds, Community Facilities District 05-8 Scott Road, Series 2013:        
660   5.000%, 9/01/32   9/22 at 100.00 N/R 705,514
2,000   5.000%, 9/01/42   9/22 at 100.00 N/R 2,124,500
    Riverside County, California, Special Tax Bonds, Community Facilities District 07-2 Clinton Keith, Series 2017:        
1,000   5.000%, 9/01/42   9/27 at 100.00 N/R 1,146,490
535   5.000%, 9/01/45   9/27 at 100.00 N/R 612,291
    Rocklin Unified School District, Placer County, California, Special Tax Bonds, Community Facilities District 2, Series 2007:        
1,010   0.010%, 9/01/34  –  NPFG Insured   No Opt. Call Baa2 620,756
1,155   0.010%, 9/01/35  –  NPFG Insured   No Opt. Call Baa2 682,617
840   Rocklin, Placer County, California, Special Tax Bonds, Community Facilities District 10 Whitney Ranch, Series 2015, 5.000%, 9/01/39   9/25 at 100.00 N/R 938,902
935   Rohnert Park Community Development Agency, California, Tax Allocation Bonds, Series 1999, 0.000%, 8/01/33   No Opt. Call Baa2 608,750
3,775   Romoland School District, California, Special Tax Bonds, Community Facilities District 2004-1 Heritage Lake Improvement Area 3, Series 2013, 5.000%, 9/01/43   9/23 at 100.00 N/R 4,079,869
1,120   Romoland School District, California, Special Tax Bonds, Community Facilities District 2006-1, Series 2017, 5.000%, 9/01/44   9/27 at 100.00 N/R 1,283,464
820   Romoland School District, California, Special Tax Bonds, Community Facilities District 91-1, Series 2017, 5.000%, 9/01/41   9/27 at 100.00 N/R 941,499
840   Roseville, California, Special Tax Bonds, Community Facilities District 1 Diamond Creek, Series 2007, 5.000%, 9/01/37   9/19 at 100.00 N/R 845,494
1,050   Roseville, California, Special Tax Bonds, Community Facilities District 1 Hewlett Parkard Campus Oaks, Series 2016, 5.500%, 9/01/46   9/26 at 100.00 N/R 1,188,264
1,100   Roseville, California, Special Tax Bonds, Community Facilities District 1 Westbrook, Series 2014, 5.000%, 9/01/34   9/24 at 100.00 N/R 1,220,571
500   Roseville, California, Special Tax Bonds, Community Facilities District 1 Westpark, Refunding Series 2015, 5.000%, 9/01/33   9/25 at 100.00 N/R 565,325
1,500   Roseville, California, Special Tax Bonds, Community Facilities District 5 Fiddyment Ranch Public Facilities, Series 2017, 5.000%, 9/01/47, 144A   9/27 at 100.00 N/R 1,665,705
230   Sabal Palm Community Development District, Florida, Special Assessment Bonds, Series 2016, 5.500%, 11/01/46   11/26 at 100.00 N/R 244,398
1,510   Sacramento City Financing Authority California, Lease Revenue Bonds, Master Lease Program Facilities Projects, Tender Option Bond Trust 2016-XG0100, 14.527%, 12/01/33  –  AMBAC Insured, 144A (IF) (5)   No Opt. Call A+ 3,486,077
      21
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Sacramento City Financing Authority, California, Tax Allocation Revenue Bonds, Merged Downtown Sacramento and Oak Park Projects, Series 2005A:        
$4,295   0.000%, 12/01/31  –  FGIC Insured   No Opt. Call Baa2 $2,996,836
4,435   0.000%, 12/01/32  –  FGIC Insured   No Opt. Call Baa2 2,977,393
1,950   Sacramento County, California, Special Tax Bonds, Community Facilities District 2016-2 Florin Vineyard 1, Series 2018, 4.000%, 9/01/48   9/25 at 103.00 N/R 2,045,199
320   Sacramento, California, Special Tax Bonds, Community Facilities District 05-1 College Square, Series 2007, 5.900%, 9/01/37   9/19 at 100.00 N/R 322,397
    Sacramento, California, Special Tax Bonds, North Natomas Community Facilities District 7, Series 2017-01:        
710   5.000%, 9/01/37, 144A   9/24 at 103.00 N/R 791,877
1,900   5.000%, 9/01/47, 144A   9/24 at 103.00 N/R 2,102,407
428   Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Grace Lofts Redevelopment Projects, Series 2007A, 6.000%, 12/31/26   No Opt. Call N/R 149,800
480   San Bernardino County Financing Authority, California, Revenue Bonds, Courthouse Facilities Project, Series 2007, 5.500%, 6/01/37  –  NPFG Insured   No Opt. Call Baa2 530,654
550   San Bernardino County, California, Special Tax Bonds, Community Facilities District 2006-1 Lytle Creek North Improvement Area 1, Series 2015, 5.000%, 9/01/40   9/25 at 100.00 N/R 614,301
1,200   San Bernardino County, California, Special Tax Bonds, Community Facilities District 2006-1 Lytle Creek North Improvement Area 5, Series 2017, 4.000%, 9/01/48   9/24 at 103.00 N/R 1,252,200
345   San Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1 Marblehead Coastal, Series 2015, 5.000%, 9/01/46   9/25 at 100.00 N/R 383,192
1,000   San Francisco City and County Redevelopment Agency Successor Agency, California, Special Tax Bonds, Community Facilities District 7, Hunters Point Shipyard Phase One Improvements, Refunding Series 2014, 5.000%, 8/01/39   8/24 at 100.00 N/R 1,084,430
1,250   San Francisco City and County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Mission Bay South Redevelopment Project, Series 2014A, 5.000%, 8/01/43   8/24 at 100.00 A- 1,411,137
22,610   San Francisco City and County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Mission Bay South Redevelopment Project, Subordinate Series 2016D, 0.000%, 8/01/43, 144A   8/21 at 33.74 N/R 6,987,394
405   San Francisco, California, Community Facilities District 6, Mission Bay South Public Improvements, Special Tax Refunding Bonds, Series 2013A, 5.000%, 8/01/33   8/22 at 100.00 N/R 437,485
1,000   San Jacinto Unified School District, California, Community Facilities District 2003-1 Infrastructure Projects, Series 2016, 3.375%, 9/01/46   9/19 at 103.00 N/R 984,310
250   Santa Ana Financing Authority, California, Lease Revenue Bonds, Police Administration and Housing Facility, Series 1994A, 6.250%, 7/01/24   No Opt. Call Baa2 285,240
1,000   South Tahoe Joint Powers Financing Authority, California, Revenue Bonds, South Tahoe Redevelopment Project Area 1, Series 2014A, 4.000%, 10/01/34  –  AGM Insured   10/24 at 100.00 AA 1,069,010
5,000   Sulphur Springs Union School District, California, Special Tax Bonds, Community Facilities District 2002-1, Series 2014A, 5.000%, 9/01/39   3/24 at 100.00 AA 5,670,550
1,335   Sulphur Springs Union School District, California, Special Tax Bonds, Community Facilities District 2006-1, Series 2018, 5.000%, 9/01/43   9/24 at 103.00 N/R 1,489,486
22      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Tejon Ranch Public Facilities Financing Authority, California, Special Tax Bonds, Community Facilities District 2000-1, Tejon Industrial Complex Public Improvements, Refunding Series 2012:        
$1,635   5.500%, 9/01/30   9/22 at 100.00 N/R $1,785,682
500   5.500%, 9/01/33   9/22 at 100.00 N/R 543,800
2,000   Tejon Ranch Public Facilities Financing Authority, California, Special Tax Bonds, Community Facilities District 2008-1 Tejon Industrial Complex East 2012B, 5.250%, 9/01/42   3/23 at 100.00 N/R 2,157,420
2,000   Tejon Ranch Public Facilities Financing Authority, California, Special Tax Bonds, Community Facilities District 2008-1, Tejon Industrial Complex Public Improvements-East, Series 2015A, 5.000%, 9/01/45   9/25 at 100.00 N/R 2,220,040
1,055   Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017, 6.250%, 9/01/47, 144A   9/27 at 100.00 N/R 1,106,051
400   Temecula Valley Unified School District, Riverside County, California, Special Tax Bonds, Community Facilities District 2011-1, Series 2014, 4.250%, 9/01/44   9/19 at 103.00 N/R 412,800
605   Tustin, California, Special Tax Bonds, Community Facilities District 06-1 Tustin Legacy/Columbus Villages, Refunding Series 2015A, 5.000%, 9/01/37   9/25 at 100.00 A- 700,124
900   Tustin, California, Special Tax Bonds, Community Facilities District 14-1 Tustin Legacy/Standard Pacific, Refunding Series 2015A, 5.000%, 9/01/45   9/25 at 100.00 N/R 1,002,807
700   Victor Valley Union High School District, San Bernardino County, California, Special Tax Bonds, Community Facilities District 2007-1, Series 2013, 5.000%, 9/01/43   9/23 at 100.00 N/R 755,629
100   Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Series 2012A, 5.000%, 10/01/27   10/22 at 100.00 Caa2 100,375
1,500   Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate Lien Series 2010B, 5.250%, 10/01/29   10/20 at 100.00 Caa3 1,507,500
    Virgin Islands Public Finance Authority, Matching Fund Revenue Loan Note - Diageo Project, Series 2009A:        
2,000   6.625%, 10/01/29   10/19 at 100.00 Caa3 1,997,500
1,800   6.750%, 10/01/37   10/19 at 100.00 Caa3 1,797,750
600   West Hollywood Community Development Commission, California, Tax Allocation Revenue Bonds, East Side Redevelopment Project Series 2011A, 7.500%, 9/01/42   9/21 at 100.00 A- 681,702
    West Patterson Financing Authority, California, Special Tax Bonds, Community Facilities District 2015-1 Arambel-KDN, Refunding Series 2015:        
350   5.250%, 9/01/35   9/25 at 100.00 N/R 374,133
785   5.250%, 9/01/45   9/25 at 100.00 N/R 828,913
3,680   West Sacramento Financing Authority, California, Special Tax Revenue Bonds, Series 2014, 5.500%, 9/01/31   9/22 at 102.00 N/R 4,079,685
2,805   West Sacramento, California, Special Tax Bonds, Community Facilities District 27 Bridge District, Refunding Series 2016, 5.000%, 9/01/40   9/26 at 100.00 N/R 3,186,873
5,605   West Sacramento, California, Special Tax Bonds, Community Facilities District 27 Bridge District, Series 2017, 5.000%, 9/01/47   9/27 at 100.00 N/R 6,411,896
2,155   Western Placer Unified School District, Placer County, California, Certificates of Participation, Refinancing Project, Series 2017, 4.000%, 8/01/49  –  AGM Insured (UB) (5)   8/27 at 100.00 AA 2,332,400
      23
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$500   Westminster Redevelopment Agency, California, Tax Allocation Bonds, Commercial Redevelopment Project 1, Subordinate Lien Series 2011A, 5.875%, 11/01/41   11/21 at 100.00 A+ $550,535
1,445   William S Hart Union High School District, Los Angeles County, California, Special Tax Bonds, Community Facilities District 2015-1, Series 2017, 5.000%, 9/01/47   9/26 at 100.00 N/R 1,627,778
1,995   Woodland, California, Special Tax Bonds, Community Facilities District 2004-1 Spring Lake, Refunding & Capital Projects Series 2016, 4.000%, 9/01/45   9/26 at 100.00 N/R 2,062,112
290   Yorkville United City Business District, Illinois, Storm Water and Water Improvement Project Revenue Bonds, Series 2007, 4.800%, 1/01/27 (4)   6/19 at 100.00 N/R 153,700
135   Yuba County, California, Special Tax Bonds, Community Facilities District 2004-1 Edgewater, Series 2005, 5.125%, 9/01/35   9/19 at 100.00 N/R 135,173
351,720   Total Tax Obligation/Limited       347,220,061
    Transportation – 10.9%        
4,000   Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Subordinate Fixed Rate Series 2017S-7, 4.000%, 4/01/49 (UB) (5)   4/27 at 100.00 A1 4,315,600
    California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A:        
3,250   5.000%, 12/31/43 (AMT)   6/28 at 100.00 BBB+ 3,775,135
8,595   4.000%, 12/31/47 (AMT)   6/28 at 100.00 BBB+ 9,093,940
2,000   5.000%, 12/31/47 (AMT)   6/28 at 100.00 BBB+ 2,314,640
3,000   Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2013C, 6.250%, 1/15/33   1/24 at 100.00 BB+ 3,527,280
    Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2015A:        
6,255   0.010%, 1/15/33   No Opt. Call Baa3 4,021,902
3,000   0.010%, 1/15/35  –  AGM Insured   No Opt. Call BBB- 1,865,310
    Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A:        
5,000   0.000%, 1/15/37  –  AGM Insured   No Opt. Call BBB- 2,875,500
1,775   5.000%, 1/15/42  –  AGM Insured   1/24 at 100.00 BBB- 1,987,343
1,030   5.750%, 1/15/46   1/24 at 100.00 Baa3 1,194,172
8,505   Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Term Rate Sub-Series 2013B-1, 3.950%, 1/15/53   7/27 at 100.00 Baa3 8,916,727
    Guam International Airport Authority, Revenue Bonds, Series 2013C:        
745   6.250%, 10/01/34 (AMT)   10/23 at 100.00 Baa2 861,697
500   6.125%, 10/01/43  –  AGM Insured (AMT)   10/23 at 100.00 A2 582,235
    Guam Port Authority, Port Revenue Bonds, Private Activity Series 2018B:        
250   5.000%, 7/01/36 (AMT)   7/28 at 100.00 Baa2 282,260
400   5.000%, 7/01/37 (AMT)   7/28 at 100.00 Baa2 450,388
23,890   Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2016A, 5.000%, 5/15/42 (AMT) (UB) (5)   5/26 at 100.00 AA- 27,691,377
10,000   Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018A, 5.000%, 5/15/44 (AMT) (UB) (5)   5/28 at 100.00 AA- 11,931,700
24      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
    Palm Springs Financing Authority, California, Palm Springs International Airport Revenue Bonds, Series 2006:        
$15   5.450%, 7/01/20 (AMT)   7/19 at 100.00 N/R $15,008
15   5.550%, 7/01/28 (AMT)   7/19 at 100.00 N/R 15,010
    Palm Springs, California, Airport Passenger Facility Charge Subordinate Refunding Revenue Bonds, Palm Springs International Airport, Series 2008:        
230   6.400%, 7/01/23 (AMT)   7/19 at 100.00 N/R 230,287
170   6.500%, 7/01/27 (AMT)   7/19 at 100.00 N/R 170,638
7,590   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019A, 5.000%, 5/01/44 (AMT) (UB) (5)   5/29 at 100.00 A+ 9,165,305
1,290   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Tender Option Bond Trust 2015-XF1032, 13.278%, 5/01/44, 144A (IF) (5)   5/24 at 100.00 A+ 1,999,487
    San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B:        
5,000   5.250%, 1/15/44   1/25 at 100.00 BBB- 5,605,500
2,000   5.250%, 1/15/49   1/25 at 100.00 BBB- 2,237,080
    San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A:        
7,250   5.000%, 1/15/44   1/25 at 100.00 BBB 8,170,822
1,650   5.000%, 1/15/50   1/25 at 100.00 BBB 1,844,073
50   San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Series 1997A, 0.010%, 1/15/31  –  NPFG Insured   No Opt. Call Baa2 34,711
    Stockton Public Financing Authority, California, Lease Revenue Bonds, Parking & Capital Projects, Series 2004:        
305   5.125%, 9/01/30  –  FGIC Insured   7/19 at 100.00 Baa2 305,101
235   5.250%, 9/01/34  –  FGIC Insured   7/19 at 100.00 Baa2 235,078
107,995   Total Transportation       115,715,306
    U.S. Guaranteed – 2.7% (7)        
715   Antelope Valley Healthcare District, California, Revenue Bonds, Series 2011A, 6.875%, 3/01/26 (Pre-refunded 3/01/21)   3/21 at 100.00 N/R 773,480
85   California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010A, 6.400%, 8/15/45 (Pre-refunded 8/15/20)   8/20 at 100.00 BBB 89,989
1,355   California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010B, 7.250%, 8/15/45 (Pre-refunded 8/15/20)   8/20 at 100.00 N/R 1,447,994
750   California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series 2010A, 5.750%, 7/01/40 (Pre-refunded 7/01/20)   7/20 at 100.00 Baa2 785,092
    California Municipal Finance Authority, Revenue Bonds, Harbor Regional Center Project, Series 2009:        
500   8.000%, 11/01/29 (Pre-refunded 11/01/19)   11/19 at 100.00 A3 513,420
1,040   8.500%, 11/01/39 (Pre-refunded 11/01/19)   11/19 at 100.00 A3 1,070,025
      25
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (7) (continued)        
$1,000   California Statewide Communities Development Authority, Recovery Zone Facility Bonds, SunEdison Huntington Beach Solar Projects, Series 2010, 7.500%, 1/01/31 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R $1,094,510
1,295   California Statewide Communities Development Authority, Recovery Zone Facility Bonds, SunEdison Irvine Unified School District Solar Projects, Series 2010, 7.500%, 7/01/30 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 1,405,153
    Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2010:        
1,000   5.250%, 7/01/25 (Pre-refunded 7/01/20)   7/20 at 100.00 BBB- 1,040,380
1,000   5.500%, 7/01/30 (Pre-refunded 7/01/20)   7/20 at 100.00 BBB- 1,043,030
    Guam Government, General Obligation Bonds, 2009 Series A:        
1,000   6.750%, 11/15/29 (Pre-refunded 11/15/19)   11/19 at 100.00 N/R 1,024,080
1,500   7.000%, 11/15/39 (Pre-refunded 11/15/19)   11/19 at 100.00 N/R 1,537,500
    Inglewood Public Financing Authority, California, Lease Revenue Bonds, Refunding Series 2012:        
2,530   0.000%, 8/01/23 (Pre-refunded 8/01/22)   8/22 at 93.78 A2 2,267,437
1,600   0.000%, 8/01/25 (Pre-refunded 8/01/22)   8/22 at 82.01 A2 1,254,080
1,050   0.000%, 8/01/28 (Pre-refunded 8/01/22)   8/22 at 66.37 A2 666,015
2,430   0.000%, 8/01/33 (Pre-refunded 8/01/22)   8/22 at 45.44 A2 1,055,349
1,650   0.010%, 8/01/35 (Pre-refunded 8/01/22)   8/22 at 38.78 A2 611,606
    Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Redevelopment Project Areas Housing Programs, Series 2009:        
955   6.875%, 8/01/39 (Pre-refunded 8/01/19)   8/19 at 100.00 N/R 963,347
710   6.875%, 8/01/39 (Pre-refunded 8/01/19)   8/19 at 100.00 BBB 716,205
    March Joint Powers Redevelopment Agency, California, Tax Allocation Revenue Bonds, March Air Force Base Redevelopment Project, Series 2011A:        
300   7.250%, 8/01/31 (Pre-refunded 8/01/21)   8/21 at 100.00 N/R 337,383
1,550   7.500%, 8/01/41 (Pre-refunded 8/01/21)   8/21 at 100.00 N/R 1,751,345
500   March Joint Powers Redevelopment Agency, California, Tax Allocation Revenue Bonds, March Air Force Base Redevelopment Project, Series 2011B, 7.500%, 8/01/41 (Pre-refunded 8/01/21)   8/21 at 100.00 N/R 565,525
    Marysville, California, Revenue Bonds, Fremont-Rideout Health Group, Series 2011:        
500   5.125%, 1/01/33 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 530,040
650   5.250%, 1/01/42 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 690,313
    Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009:        
10   5.500%, 11/01/19 (ETM)   No Opt. Call N/R 10,168
500   6.750%, 11/01/39 (Pre-refunded 11/01/19)   11/19 at 100.00 N/R 510,925
500   Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010, 6.000%, 11/01/41 (Pre-refunded 11/01/20)   11/20 at 100.00 Ba1 532,320
26      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (7) (continued)        
$500   Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Interstate 215 Corridor Redevelopment Project Area, Series 2010E, 6.500%, 10/01/40 (Pre-refunded 10/01/20)   10/20 at 100.00 A- $534,310
205   Riverside County Redevelopment Agency, California, Tax Allocation Housing Bonds, Series 2011A, 7.125%, 10/01/42 (Pre-refunded 10/01/21)   10/21 at 100.00 A 232,154
250   Santa Ana Financing Authority, California, Lease Revenue Bonds, Police Administration and Housing Facility, Series 1994A, 6.250%, 7/01/24  –  NPFG Insured (ETM)   No Opt. Call Baa2 288,200
530   Turlock Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2011, 7.250%, 9/01/29 (Pre-refunded 3/01/21)   3/21 at 100.00 A- 584,505
650   Twenty-nine Palms Redevelopment Agency, California, Tax Allocation Bonds, Four Corners Project Area, Series 2011A, 7.650%, 9/01/42 (Pre-refunded 9/01/21)   9/21 at 100.00 BBB+ 740,564
500   Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Project, Subordinate Lien Series 2011, 6.875%, 12/01/33 (Pre-refunded 12/01/21)   12/21 at 100.00 A+ 569,050
990   Wisconsin Public Finance Authority, Revenue Bonds, SearStone Retirement Community of Cary North Carolina, Series 2012A, 8.625%, 6/01/47 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R 1,192,158
30,300   Total U.S. Guaranteed       28,427,652
    Utilities – 6.7%        
25   Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series 2007A, 5.500%, 11/15/28   No Opt. Call A- 31,896
700   Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series 2007B, 3.117%, 11/15/26 (3-Month LIBOR * 67% Reference Rate + 1.430% Spread) (8)   No Opt. Call A- 717,486
    Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016B:        
1,790   5.000%, 7/01/42 (UB) (5)   1/26 at 100.00 AA 2,084,169
2,240   5.000%, 7/01/45 (UB) (5)   1/26 at 100.00 AA 2,598,221
    Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017A:        
7,565   5.000%, 7/01/42 (UB) (5)   1/27 at 100.00 AA 8,975,797
25,000   5.000%, 7/01/47 (UB) (5)   1/27 at 100.00 AA 29,445,250
50   M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A, 6.500%, 11/01/39   No Opt. Call BBB+ 75,129
1,000   M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009B, 6.500%, 11/01/39   No Opt. Call BBB+ 1,502,580
7,000   Puerto Rico Electric Power Authority, Power Revenue Bonds, Federally Taxable Build America Bonds, Series 2010YY, 4.050%, 7/01/40 (4)   7/20 at 100.00 D 5,591,250
    Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2010DDD:        
1,030   3.844%, 7/01/21   7/20 at 100.00 D 804,687
1,000   3.957%, 7/01/21   7/20 at 100.00 D 800,000
1,705   Puerto Rico Electric Power Authority, Power Revenue Bonds, Refunding Series 2012A, 3.957%, 7/01/42   7/22 at 100.00 D 1,364,000
      27
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$85   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2003NN, 3.999%, 7/01/20   No Opt. Call D $68,425
1,915   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007TT, 3.957%, 7/01/32 (4)   7/19 at 100.00 D 1,532,000
1,140   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2007VV, 5.250%, 7/01/34  –  NPFG Insured   No Opt. Call D 1,235,692
    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010AAA:        
500   3.978%, 7/01/24   7/20 at 100.00 D 401,250
3,000   3.978%, 7/01/27 (4)   7/20 at 100.00 D 2,407,500
1,020   3.978%, 7/01/31   7/20 at 100.00 D 818,550
    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010CCC:        
135   3.957%, 7/01/24   7/20 at 100.00 D 108,000
2,000   3.990%, 7/01/28   7/19 at 100.00 D 1,585,000
    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010XX:        
1,445   3.926%, 7/01/25   7/20 at 100.00 D 1,143,356
95   3.978%, 7/01/26   7/20 at 100.00 D 76,238
165   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2010ZZ, 3.957%, 7/01/21   7/20 at 100.00 D 132,000
    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series WW:        
1,000   3.978%, 7/01/33   7/19 at 100.00 D 802,500
295   3.999%, 7/01/38   7/19 at 100.00 D 237,475
2,380   Puerto Rico Electric Power Authority, Power Revenue Bonds, Taxable Build America Bond Series 2010EE, 4.036%, 7/01/30   7/20 at 100.00 D 1,898,050
    Southern California Public Power Authority, Natural Gas Project 1 Revenue Bonds, Series 2007A:        
1,000   5.000%, 11/01/29   No Opt. Call BBB+ 1,227,440
720   5.000%, 11/01/33   No Opt. Call BBB+ 909,943
2,000   Virgin Islands Water and Power Authority, Electric System Revenue Bonds, BANS Series 2018B, 7.000%, 7/01/20, 144A   No Opt. Call N/R 1,999,620
115   Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Refunding Series 2007A, 5.000%, 7/01/22   7/19 at 100.00 Caa2 110,831
68,115   Total Utilities       70,684,335
    Water and Sewer – 3.7%        
    California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012:        
200   5.000%, 7/01/37 (AMT), 144A   7/22 at 100.00 Baa3 214,216
3,000   5.000%, 11/21/45 (AMT), 144A   7/22 at 100.00 Baa3 3,195,840
2,000   Compton, California, Sewer Revenue Bonds, Series 2009, 6.000%, 9/01/39   9/19 at 100.00 N/R 2,008,540
500   Dinuba Financing Authority, California, Wastewater System Revenue Bonds, Series 2007, 5.375%, 9/01/38   7/19 at 100.00 N/R 503,375
28      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
    Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013:        
$500   5.250%, 7/01/33   7/23 at 100.00 BBB- $545,050
1,000   5.500%, 7/01/43   7/23 at 100.00 BBB- 1,092,720
500   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 1/01/46   7/26 at 100.00 BBB- 553,375
2,000   Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2017A, 4.000%, 7/01/47 (UB) (5)   1/27 at 100.00 Aa2 2,160,360
2,000   Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Tender Option Bond Trust 2015-XF2053, 16.925%, 7/01/44, 144A (IF) (5)   7/24 at 100.00 Aa2 3,440,220
1,500   Pico Rivera Water Authority, California, Revenue Bonds, Refunding Water System Project, Series 1999A, 5.500%, 5/01/29  –  NPFG Insured   No Opt. Call Baa2 1,786,485
    Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A:        
2,535   6.000%, 7/01/38   7/19 at 100.00 C 2,541,338
7,335   6.000%, 7/01/44   7/19 at 100.00 C 7,353,337
    Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A:        
1,100   5.000%, 7/01/33   7/22 at 100.00 C 1,094,500
1,000   5.750%, 7/01/37   7/22 at 100.00 C 1,012,500
5,500   5.250%, 7/01/42   7/22 at 100.00 C 5,513,750
2,000   6.000%, 7/01/47   7/22 at 100.00 C 2,030,000
    San Joaquin County, California, Revenue Bonds, CSA County Service Area 31, Refunding Series 2018A:        
1,250   5.000%, 8/01/38   8/28 at 100.00 N/R 1,415,250
1,500   5.000%, 8/01/42   8/28 at 100.00 N/R 1,688,265
1,250   Stockton Public Financing Authority, California, Water Revenue Bonds, Delta Water Supply Project, Series 2010A, 6.250%, 10/01/40   10/23 at 100.00 A3 1,483,325
36,670   Total Water and Sewer       39,632,446
$1,347,125   Total Municipal Bonds (cost $1,178,085,483)       1,257,815,271
    
Shares   Description (1)       Value
    COMMON STOCKS – 0.2%        
    Airlines – 0.2%        
94,060   American Airlines Group Inc., (9)       $2,561,254
    Total Common Stocks (cost $2,851,418)       2,561,254
    Total Long-Term Investments (cost $1,180,936,901)       1,260,376,525
    Floating Rate Obligations – (21.3)%       (226,647,000)
    Other Assets Less Liabilities – 2.8% (10)       29,981,402
    Net Assets – 100%       $1,063,710,927
      29
Nuveen California High Yield Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
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 10-year Note Short (748) 9/19 $(93,284,227) $(94,809,000) $(1,524,773) $(549,313)
    
Futures Contracts  
Description Contract
Position 		Number of
Contracts 		Expiration
Date 		Notional
Amount 		Value Unrealized
Appreciation
(Depreciation) 		Variation
Margin
Receivable/
(Payable)
U.S. Treasury 5-year Note Short (644) 9/19 $(74,799,169) $(75,584,469) $(785,300) $(322,000)
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
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. A three-tier hierarchy 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 the reporting entity’s own 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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $1,257,815,271 $ — $1,257,815,271
Common Stocks 2,561,254  —  — 2,561,254
Investments in Derivatives:        
Futures Contracts* (2,310,073)  —  — (2,310,073)
Total $251,181 $1,257,815,271 $ — $1,258,066,452
    
* Represents net unrealized appreciation (depreciation).
30      
(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) The ratings disclosed are the lowest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) 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) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(6) Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period.  
(7) 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.  
(8) Variable rate security. The rate shown is the coupon as of the end of the reporting period.  
(9) 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.  
(10) Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter (“OTC”) derivatives as well as the OTC cleared and exchange-traded derivatives, when applicable.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
ETM Escrowed to maturity  
IF Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.  
LIBOR London Inter-Bank Offered Rate  
UB Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 - Portfolio Securities and Investments in Derivatives. Inverse Floating Rate Securities for more information.  
WI/DD Purchased on a when-issued or delayed delivery basis.  
      31
Nuveen California Municipal Bond Fund
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 97.7%        
    MUNICIPAL BONDS – 97.7%        
    Consumer Staples  – 3.2%        
$540   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Alameda County Tobacco Asset Securitization Corporation, Series 2002, 5.750%, 6/01/29   7/19 at 100.00 A3 $545,481
    California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2006A:        
2,480   5.600%, 6/01/36   6/19 at 100.00 B2 2,497,534
3,500   5.650%, 6/01/41   6/19 at 100.00 B2 3,524,150
2,315   California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma County Tobacco Securitization Corporation, Series 2005, 5.125%, 6/01/38   7/19 at 100.00 BB 2,320,973
25,520   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1, 5.250%, 6/01/47   6/22 at 100.00 N/R 25,695,067
    Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Series 2005A-1:        
9,835   5.375%, 6/01/38   6/19 at 100.00 B- 9,877,290
1,855   5.500%, 6/01/45   6/19 at 100.00 B- 1,863,069
3,700   Tobacco Securitization Authority of Southern California, Tobacco Settlement Asset-Backed Bonds, San Diego County Tobacco Asset Securitization Corporation, Senior Series 2006A, 5.000%, 6/01/37   6/19 at 100.00 BB+ 3,718,722
49,745   Total Consumer Staples       50,042,286
    Education and Civic Organizations – 4.2%        
5,000   California Educational Facilities Authority, Revenue Bonds, Chapman University, Series 2015, 5.000%, 4/01/40   4/25 at 100.00 A2 5,720,900
3,915   California Educational Facilities Authority, Revenue Bonds, Pepperdine University, Series 2015, 5.000%, 9/01/40   9/25 at 100.00 AA 4,576,400
3,000   California Educational Facilities Authority, Revenue Bonds, University of the Pacific, Refunding Series 2015, 5.000%, 11/01/36   11/25 at 100.00 A2 3,500,310
    California Infrastructure and Economic Development Bank, Revenue Bonds, The Walt Disney Family Museum, Refunding Series 2016:        
250   5.000%, 2/01/30   2/26 at 100.00 A+ 301,090
250   5.000%, 2/01/31   2/26 at 100.00 A+ 298,925
1,500   California Municipal Finance Authority Charter School Revenue Bonds, Albert Einstein Academies Project, Series 2013A, 6.750%, 8/01/33   8/23 at 100.00 BB- 1,668,630
1,125   California Municipal Finance Authority, Charter School Revenue Bonds, Rocketship Education Multiple Projects, Series 2014A, 7.250%, 6/01/43   6/22 at 102.00 N/R 1,256,603
32      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    California Municipal Finance Authority, Educational Facilities Revenue Bonds, OCEAA Project, Series 2008A:        
$755   6.750%, 10/01/28   7/19 at 100.00 N/R $755,846
1,500   7.000%, 10/01/39   7/19 at 100.00 N/R 1,501,260
625   California Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento Valley & Northern Nevada Project, Series 2012A, 5.750%, 1/01/22, 144A   No Opt. Call N/R 648,450
1,275   California Municipal Finance Authority, Revenue Bonds, Goodwill Industries of Sacramento Valley & Northern Nevada Project, Series 2014A, 5.000%, 1/01/35   1/25 at 100.00 N/R 1,276,173
    California School Finance Authority, Charter School Revenue Bonds, Downtown College Prep - Obligated Group, Series 2016:        
410   5.000%, 6/01/46, 144A   6/26 at 100.00 N/R 430,455
500   5.000%, 6/01/51, 144A   6/26 at 100.00 N/R 521,860
375   California School Finance Authority, Charter School Revenue Bonds, Kepler Neighborhood School, Series 2017A, 5.750%, 5/01/37, 144A   5/27 at 100.00 N/R 373,320
285   California School Finance Authority, Charter School Revenue Bonds, Rocketship Education Obligated Group, Series 2016A, 5.000%, 6/01/36, 144A   6/25 at 100.00 N/R 300,051
750   California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2015A, 5.000%, 7/01/45, 144A   7/25 at 100.00 BBB 830,108
830   California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016A, 5.000%, 7/01/46, 144A   7/25 at 100.00 BBB 918,536
5,235   California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016C, 5.250%, 7/01/52   7/25 at 101.00 BBB 5,872,361
    California School Finance Authority, School Facility Revenue Bonds, Value Schools, Series 2013:        
2,000   6.900%, 7/01/43   7/23 at 100.00 BB+ 2,266,660
4,040   7.000%, 7/01/48   7/23 at 100.00 BB+ 4,585,642
500   California State Public Works Board, Lease Revenue Bonds, California State University, Various University Projects, Series 2010B-1, 5.400%, 3/01/26   3/20 at 100.00 Aa3 514,770
1,035   California State Public Works Board, Lease Revenue Refunding Bonds, Community College Projects, Series 2004B, 5.500%, 6/01/19   5/19 at 100.00 A+ 1,035,000
2,650   California State University, Systemwide Revenue Bonds, Refunding Series 2015A, 5.000%, 11/01/35   11/25 at 100.00 Aa2 3,146,689
3,445   California State University, Systemwide Revenue Bonds, Series 2016A, 4.000%, 11/01/38   5/26 at 100.00 Aa2 3,770,415
1,700   California Statewide Communities Development Authority, School Facility Revenue Bonds, Alliance College-Ready Public Schools, Series 2011A, 7.000%, 7/01/46   7/21 at 100.00 BBB- 1,827,568
1,115   San Diego County, California, Limited Revenue Obligations, Sanford Burnham Prebys Medical Discovery Institute, Series 2015A, 5.000%, 11/01/28   11/25 at 100.00 A1 1,326,281
14,740   University of California, General Revenue Bonds, Series 2018AZ, 5.000%, 5/15/48   5/28 at 100.00 AA 17,780,125
58,805   Total Education and Civic Organizations       67,004,428
    Health Care – 9.0%        
2,430   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2015A, 5.000%, 8/15/43   8/25 at 100.00 AA- 2,780,771
      33
Nuveen California Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$13,140   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B, 5.000%, 11/15/46   11/26 at 100.00 AA- $15,313,356
10,065   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A, 5.000%, 11/15/48   11/27 at 100.00 AA- 11,852,544
10,845   California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2016A, 5.000%, 11/15/41   11/25 at 100.00 AA- 12,511,660
    California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2018A:        
1,500   5.000%, 11/15/35   11/27 at 100.00 AA- 1,829,490
14,805   5.000%, 11/15/48   11/27 at 100.00 AA- 17,434,368
500   California Health Facilities Financing Authority, Revenue Bonds, Adventist Health System/West, Series 2009C, 5.250%, 3/01/21   7/19 at 100.00 A+ 501,410
3,000   California Health Facilities Financing Authority, Revenue Bonds, Catholic Healthcare West, Series 2009F, 5.625%, 7/01/25   7/19 at 100.00 A 3,028,200
455   California Health Facilities Financing Authority, Revenue Bonds, Cedars-Sinai Medical Center, Refunding Series 2015, 5.000%, 11/15/32   11/25 at 100.00 Aa3 542,829
1,000   California Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2012A, 5.000%, 11/15/29   11/22 at 100.00 BBB+ 1,105,510
3,000   California Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2017A, 5.000%, 8/15/47   8/27 at 100.00 BBB+ 3,461,550
1,000   California Health Facilities Financing Authority, Revenue Bonds, Childrens Hospital of Orange County, Series 2009A, 6.500%, 11/01/38   11/19 at 100.00 AA- 1,019,470
3,940   California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Refunding Series 2015A, 5.000%, 2/01/40   2/25 at 100.00 AA 4,480,607
830   California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital, Series 2014A, 5.000%, 8/15/43   8/24 at 100.00 AA- 934,273
1,825   California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services, Series 2014B, 5.000%, 10/01/44   10/24 at 100.00 AA- 2,063,473
6,000   California Health Facilities Financing Authority, Revenue Bonds, Rady Children's Hospital - San Diego, Series 2011, 5.000%, 8/15/31   8/21 at 100.00 AA 6,431,700
250   California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017A, 5.000%, 7/01/42   7/27 at 100.00 Baa2 285,563
    California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A:        
1,810   5.250%, 11/01/36   11/26 at 100.00 BBB- 2,050,965
5,310   5.250%, 11/01/47   11/26 at 100.00 BBB- 5,917,995
2,000   California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017, 5.000%, 10/15/47   10/26 at 100.00 BBB- 2,217,560
2,500   California Statewide Communities Development Authority, California, Redlands Community Hospital, Revenue Bonds, Series 2016, 5.000%, 10/01/46   10/26 at 100.00 A- 2,866,225
5,295   California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.250%, 12/01/34   12/24 at 100.00 BB 5,925,105
34      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A:        
$2,400   5.000%, 12/01/41, 144A   6/26 at 100.00 BB $2,660,400
17,650   5.250%, 12/01/56, 144A   6/26 at 100.00 BB 19,684,868
    California Statewide Communities Development Authority, Revenue Bonds, Adventist Health System/West, Series 2015A:        
1,305   5.000%, 3/01/35   3/26 at 100.00 A+ 1,524,501
1,000   5.000%, 3/01/45   3/26 at 100.00 A+ 1,152,420
25   California Statewide Communities Development Authority, Revenue Bonds, Huntington Memorial Hospital, Refunding Series 2014B, 5.000%, 7/01/25   7/24 at 100.00 A- 28,977
    California Statewide Communities Development Authority, Revenue Bonds, John Muir Health, Series 2016A:        
100   5.000%, 8/15/46   8/26 at 100.00 A+ 115,489
235   5.000%, 8/15/51   8/26 at 100.00 A+ 270,271
    California Statewide Community Development Authority, Health Revenue Bonds, Enloe Medical Center, Refunding Series 2008A:        
125   5.250%, 8/15/19   No Opt. Call AA- 126,248
500   5.500%, 8/15/23   7/19 at 100.00 AA- 501,570
    California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A:        
2,235   5.750%, 7/01/30   7/19 at 100.00 CC 2,205,990
155   5.750%, 7/01/35   7/19 at 100.00 CC 153,693
2,240   California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005G, 5.500%, 7/01/22   7/19 at 100.00 CC 2,189,510
3,000   Kaweah Delta Health Care District, California, Revenue Bonds, Series 2015B, 5.000%, 6/01/40   6/25 at 100.00 A3 3,307,320
1,335   Northern Inyo County Local Hospital District, Inyo County, California, Revenue Bonds, Series 2010, 6.375%, 12/01/25   12/20 at 100.00 BB- 1,383,607
1,580   Oak Valley Hospital District, Stanislaus County, California, Revenue Bonds, Series 2010A, 7.000%, 11/01/35   11/20 at 100.00 BB 1,628,190
125,385   Total Health Care       141,487,678
    Housing/Multifamily – 0.7%        
600   California Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A, 5.000%, 4/01/49, 144A   4/29 at 100.00 N/R 654,432
    California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Senior Series 2014A:        
170   5.250%, 8/15/39   8/24 at 100.00 BBB+ 191,321
455   5.250%, 8/15/49   8/24 at 100.00 BBB+ 505,760
1,580   California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012A, 5.500%, 8/15/47   8/22 at 100.00 BBB 1,695,040
1,000   California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2012B, 7.250%, 8/15/47   8/22 at 100.00 N/R 1,099,910
      35
Nuveen California Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Multifamily (continued)        
$3,830   California Statewide Community Development Authority, Multifamily Housing Revenue Senior Bonds, Westgate Courtyards Apartments, Series 2001X-1, 5.420%, 12/01/34  –  AMBAC Insured (AMT)   7/19 at 100.00 N/R $3,833,715
1,625   Independent Cities Finance Authority, California, Mobile Home Park Revenue Bonds, Palomar Estates West, Refunding Series 2015, 5.000%, 9/15/25   No Opt. Call N/R 1,755,666
1,370   San Dimas Housing Authority, California, Mobile Home Park Revenue Bonds, Charter Oak Mobile Home Estates Acquisition Project, Series 1998A, 5.700%, 7/01/28   7/19 at 100.00 N/R 1,372,370
720   San Jose, California, Multifamily Housing Senior Lien Revenue Bonds, Fallen Leaves Apartments, Series 2002J1, 4.950%, 12/01/22  –  AMBAC Insured (AMT)   7/19 at 100.00 N/R 720,756
11,350   Total Housing/Multifamily       11,828,970
    Long-Term Care – 0.1%        
1,275   California Health Facilities Financing Authority, Revenue Bonds, Northern California Presbyterian Homes & Services Inc, Refunding Series 2015, 5.000%, 7/01/44   7/25 at 100.00 AA- 1,460,525
560   California Statewide Community Development Authority, Revenue Bonds, Los Angeles Jewish Home for the Aging, Series 2008, 4.500%, 11/15/19   8/19 at 100.00 AA- 561,344
1,835   Total Long-Term Care       2,021,869
    Tax Obligation/General – 18.2%        
1,000   Acalanes Union High School District, Contra Costa County, California, General Obligation Bonds, Refunding Series 2010A, 0.000%, 8/01/26   No Opt. Call Aa1 875,420
4,000   Alum Rock Union Elementary School District, Santa Clara County, California, General Obligation Bonds, Refunding Series 2013A, 6.000%, 8/01/39   8/23 at 100.00 Aa3 4,641,040
8,310   Antelope Valley Community College District, Los Angeles County, California, General Obligation Bonds, Election 2016 Series 2017A, 5.250%, 8/01/42   2/27 at 100.00 AA 10,045,710
5,570   Bakersfield City School District, Kern County, California, General Obligation Bonds, Series 2012C, 5.800%, 5/01/42 (4)   5/40 at 100.00 Aa3 4,185,744
3,565   California State, General Obligation Bonds, Refunding Various Purpose Series 2016, 5.000%, 9/01/32   9/26 at 100.00 AA- 4,323,917
1,205   California State, General Obligation Bonds, Various Purpose Refunding Series 2014, 5.000%, 8/01/33   8/24 at 100.00 AA- 1,403,716
21,830   California State, General Obligation Bonds, Various Purpose Refunding Series 2015, 5.000%, 8/01/33   2/25 at 100.00 AA- 25,617,723
5,000   California State, General Obligation Bonds, Various Purpose Refunding Series 2016, 5.000%, 9/01/34   9/26 at 100.00 AA- 6,047,900
    California State, General Obligation Bonds, Various Purpose Series 2009:        
5,000   5.500%, 11/01/34   11/19 at 100.00 AA- 5,082,050
4,060   6.000%, 11/01/39   11/19 at 100.00 AA- 4,136,896
    California State, General Obligation Bonds, Various Purpose Series 2010:        
5,000   5.250%, 3/01/30   3/20 at 100.00 AA- 5,143,300
10,000   5.500%, 3/01/40   3/20 at 100.00 AA- 10,294,400
4,000   5.250%, 11/01/40   11/20 at 100.00 AA- 4,208,000
2,000   California State, General Obligation Bonds, Various Purpose Series 2011, 5.250%, 10/01/32   10/21 at 100.00 AA- 2,172,620
36      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    California State, General Obligation Bonds, Various Purpose Series 2013:        
$5,860   5.000%, 2/01/38   2/23 at 100.00 AA- $6,529,095
1,430   5.000%, 2/01/43   2/23 at 100.00 AA- 1,588,701
    California State, General Obligation Bonds, Various Purpose Series 2014:        
15,000   5.000%, 10/01/37   10/24 at 100.00 AA- 17,447,100
2,470   5.000%, 5/01/44   5/24 at 100.00 AA- 2,804,957
    California State, General Obligation Bonds, Various Purpose Series 2015:        
3,000   5.000%, 3/01/45   3/25 at 100.00 AA- 3,463,560
3,000   5.000%, 8/01/45   8/25 at 100.00 AA- 3,494,280
4,375   California State, General Obligation Bonds, Various Purpose Series 2016, 5.000%, 9/01/46   9/26 at 100.00 AA- 5,154,100
7,200   California State, General Obligation Bonds, Various Purpose Series 2017, 5.000%, 8/01/46   8/26 at 100.00 AA- 8,469,288
18,340   California State, General Obligation Bonds, Various Purpose Series 2018, 5.000%, 10/01/47   4/26 at 100.00 AA- 21,386,090
5,230   California State, General Obligation Bonds, Various Purpose Series 2018 Bid Group A/B, 5.000%, 10/01/48   10/28 at 100.00 AA- 6,350,998
    California State, General Obligation Bonds, Various Purpose Series 2019:        
3,725   5.000%, 4/01/30   4/29 at 100.00 AA- 4,824,583
6,580   5.000%, 4/01/32   4/29 at 100.00 AA- 8,422,071
5,000   5.000%, 4/01/33   4/29 at 100.00 AA- 6,378,600
2,880   Claremont Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2016, Series 2018, 5.000%, 8/01/48   8/28 at 100.00 Aa2 3,496,090
500   Corona-Norco Unified School District, Riverside County, California, General Obligation Bonds, Capital Appreciation, Election 2006 Refunding Series 2009C, 6.800%, 8/01/39  –  AGM Insured   8/27 at 100.00 AA 678,170
    Fontana Unified School District, San Bernardino County, California, General Obligation Bonds, Refunding Series 2012:        
11,200   0.000%, 8/01/40   8/22 at 36.36 Aa3 3,801,392
19,700   0.000%, 8/01/41   8/22 at 34.18 Aa3 6,281,936
    Golden West Schools Financing Authority, California, General Obligation Revenue Refunding Bonds, School District Program, Series 1999A:        
320   5.800%, 8/01/22  –  NPFG Insured   No Opt. Call Baa2 362,138
345   5.800%, 8/01/23  –  NPFG Insured   No Opt. Call Baa2 403,353
7,000   Hacienda La Puente Unified School District, Los Angeles County, California, General Obligation Bonds, 2016 Election, Series 2017A, 4.000%, 8/01/47   8/27 at 100.00 AAA 7,583,030
180   Jefferson Union High School District, San Mateo County, California, General Obligation Bonds, Series 2000A, 6.250%, 8/01/20  –  NPFG Insured   No Opt. Call A+ 185,978
30   Long Beach Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2009A, 5.500%, 8/01/29   8/19 at 100.00 Aa2 30,192
5,000   Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1, 5.000%, 7/01/38   1/28 at 100.00 AAA 6,074,900
      37
Nuveen California Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$150   Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2009D, 5.000%, 1/01/34   7/19 at 100.00 Aa2 $150,418
100   Lucia Mar Unified School District, San Luis Obispo County, California, General Obligation Bonds, Refunding Series 2005, 5.250%, 8/01/22  –  FGIC Insured   No Opt. Call Aa2 112,700
2,745   Palomar Community College District, San Diego County, California, General Obligation Bonds, Election 2006 Series 2017D, 4.000%, 8/01/46   8/27 at 100.00 Aa1 2,983,019
9,440   Paramount Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2006 Series 2011, 0.000%, 8/01/45   2/33 at 100.00 Aa3 10,818,901
7,345   Pittsburg Unified School District, Contra Costa County, California, General Obligation Bonds, Election of 2014, Series 2018C, 5.000%, 8/01/47   8/26 at 100.00 AAA 8,642,421
3,125   Rosemead School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2013B, 5.850%, 8/01/43  –  AGM Insured   8/23 at 100.00 AA 3,619,937
1,935   San Benito High School District, San Benito and Santa Clara Counties, California, General Obligation Bonds, 2016 Election Series 2017, 5.250%, 8/01/42   8/27 at 100.00 Aa3 2,363,215
2,000   San Diego Community College District, California, General Obligation Bonds, Refunding Series 2016, 5.000%, 8/01/41   8/26 at 100.00 AAA 2,384,160
1,535   San Leandro Unified School District, Alameda County, California, General Obligation Bonds, Election 2006 Series 2010C, 7.000%, 8/01/39  –  AGC Insured   8/28 at 100.00 AA 1,380,042
10,280   San Mateo County Community College District, California, General Obligation Bonds, Election 2014 Series 2018B, 5.000%, 9/01/45   9/28 at 100.00 AAA 12,596,290
    Santa Monica Community College District, Los Angeles County, California, General Obligation Bonds, 2016 Election Series 2018A:        
5,000   5.000%, 8/01/43   8/28 at 100.00 AA+ 6,112,450
5,580   4.000%, 8/01/47   8/28 at 100.00 AA+ 6,122,990
2,345   Temecula Valley Unified School District, Riverside County, California, General Obligation Bonds, Election 2012 Series 2018C, 5.250%, 8/01/44   2/26 at 100.00 Aa3 2,772,728
    Tulare Local Health Care District, Tulare County, California, General Obligation Bonds, Series 2009B-1:        
500   6.375%, 8/01/25   8/19 at 100.00 Ba3 503,415
1,005   6.500%, 8/01/26   8/19 at 100.00 Ba3 1,011,944
2,000   Victor Valley Union High School District, San Bernardino County, California, General Obligation Bonds, Series 2009A, 5.750%, 8/01/31  –  AGC Insured (4)   8/26 at 100.00 AA 2,381,420
1,395   Walnut Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2007 Measure S, Series 2014C, 5.000%, 8/01/39   8/24 at 100.00 Aa1 1,617,168
645   Washington Township Health Care District, Alameda County, California, General Obligation Bonds, 2012 Election Series 2013A, 5.500%, 8/01/40   8/24 at 100.00 Aa3 759,049
1,100   West Contra Costa Unified School District, Contra Costa County, California, General Obligation Bonds, Series 2008B, 6.000%, 8/01/24   No Opt. Call AA- 1,357,642
770   West Covina Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2002A Refunding, 5.350%, 2/01/20  –  NPFG Insured   No Opt. Call A+ 790,159
1,000   Whittier Union High School District, Los Angeles County, California, General Obligation Bonds, Series 2009A, 0.000%, 8/01/34   8/19 at 38.81 AA- 387,170
3,500   Yosemite Community College District, California, General Obligation Bonds, Capital Appreciation, Election 2004, Series 2010D, 0.000%, 8/01/42 (4)   No Opt. Call Aa2 3,023,545
38      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$1,700   Yosemite Community College District, California, General Obligation Bonds, Refunding Series 2015, 5.000%, 8/01/32   8/25 at 100.00 Aa2 $2,017,662
274,100   Total Tax Obligation/General       287,297,483
    Tax Obligation/Limited – 19.6%        
1,000   Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 17B, Series 2011A, 6.125%, 9/01/31   9/21 at 100.00 N/R 1,075,100
995   Beaumont Financing Authority, California, Local Agency Revenue Bonds, Improvement Area 19A, Series 2015B, 5.000%, 9/01/35   9/25 at 100.00 N/R 1,120,121
1,655   Bell Community Housing Authority, California, Lease Revenue Bonds, Series 2005, 5.000%, 10/01/36  –  AMBAC Insured   7/19 at 100.00 N/R 1,655,348
2,250   Brea and Olinda Unified School District, Orange County, California, Certificates of Participation Refunding, Series 2002A, 5.125%, 8/01/26  –  AGM Insured   7/19 at 100.00 AA 2,256,705
2,725   California Community College Financing Authority, Lease Revenue Bonds, Refunding Series 2003, 0.000%, 6/01/33  –  AMBAC Insured   No Opt. Call AA+ 1,664,212
1,960   California Infrastructure and Economic Development Bank, Revenue Bonds, North County Center for Self-Sufficiency Corporation, Series 2004, 5.000%, 12/01/25  –  AMBAC Insured   7/19 at 100.00 AA+ 1,965,351
2,000   California State Public Works Board, Lease Revenue Bonds, Department of Corrections & Rehabilitation, Various Correctional Facilities Series 2014A, 5.000%, 9/01/39   9/24 at 100.00 A+ 2,273,700
    California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, New Stockton Courthouse, Series 2014B:        
5,120   5.000%, 10/01/32   10/24 at 100.00 A+ 5,912,013
2,600   5.000%, 10/01/33   10/24 at 100.00 A+ 2,995,928
3,820   5.000%, 10/01/34   10/24 at 100.00 A+ 4,391,205
2,000   5.000%, 10/01/39   10/24 at 100.00 A+ 2,277,540
1,000   California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, Various Projects Series 2013A, 5.000%, 3/01/30   3/23 at 100.00 A+ 1,123,610
745   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2011A, 8.000%, 9/02/41   9/21 at 100.00 N/R 767,246
    Chula Vista Municipal Finance Authority, California, Special Tax Revenue Bonds, Refunding Series 2013:        
1,915   5.500%, 9/01/27   9/23 at 100.00 AA- 2,208,110
2,165   5.500%, 9/01/29   9/23 at 100.00 AA- 2,485,030
1,520   5.500%, 9/01/30   9/23 at 100.00 AA- 1,738,819
660   Compton Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Projects, Housing Second Lien Series 2010A, 5.500%, 8/01/30   8/20 at 100.00 N/R 682,519
1,425   Compton Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Projects, Second Lien Series 2010B, 5.000%, 8/01/25   8/20 at 100.00 N/R 1,469,018
1,060   Davis Redevelopment Agency, California, Tax Allocation Bonds, Davis Redevelopment Project, Subordinate Series 2011A, 7.000%, 12/01/36   12/21 at 100.00 A+ 1,199,422
1,500   Elk Grove Financing Authority, California, Special Tax Revenue Bonds, Series 2015, 5.000%, 9/01/38  –  BAM Insured   9/25 at 100.00 AA 1,738,260
      39
Nuveen California Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Series 2015A:        
$38,300   5.000%, 6/01/40   6/25 at 100.00 A+ $44,213,520
22,230   5.000%, 6/01/45   6/25 at 100.00 A+ 25,573,392
    Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D:        
7,500   5.000%, 11/15/28   11/25 at 100.00 BB 8,465,325
6,375   5.000%, 11/15/29   11/25 at 100.00 BB 7,157,914
3,725   5.000%, 11/15/39   11/25 at 100.00 BB 4,072,878
1,660   Highland, California, Special Tax Bonds, Community Facilities District 01-1, Refunding, Series 2011, 5.500%, 9/01/28   9/21 at 100.00 A- 1,800,353
1,000   Huntington Beach, California, Special Tax Bonds, Community Facilities District 2003-1 Huntington Center, Refunding Series 2013, 5.375%, 9/01/33   9/23 at 100.00 N/R 1,106,490
620   Indio, California, Special Tax Bonds, Community Facilities District 2004-3 Terra Lago, Improvement Area 1, Series 2015, 5.000%, 9/01/35   9/25 at 100.00 N/R 688,343
740   Irvine Unified School District, Orange County, California, Special Tax Bonds, Community Facilities District 06-1, Series 2010, 6.700%, 9/01/35   9/20 at 100.00 N/R 775,261
1,090   Irvine, California, Limited Obligation Improvement Bonds, Reassessment District 15-2, Series 2015, 5.000%, 9/02/42   9/25 at 100.00 N/R 1,217,072
    Irvine, California, Special Tax Bonds, Community Facilities District 2013-3 Great Park, Improvement Area 1, Refunding Series 2014:        
500   5.000%, 9/01/39   9/24 at 100.00 N/R 551,465
750   5.000%, 9/01/44   9/24 at 100.00 N/R 823,342
150   Jurupa Public Financing Authority, California, Special Tax Revenue Bonds, Series 2015A, 5.000%, 9/01/23   No Opt. Call A+ 171,417
790   Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area A & C, Series 2014C, 5.000%, 9/01/40   9/24 at 100.00 N/R 866,875
1,620   Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2015, 5.000%, 9/01/40   9/25 at 100.00 N/R 1,810,933
    Lammersville Joint Unified School District, California, Special Tax Bonds, Community Facilities District 2007-1 Mountain House - Shea Homes Improvement Area 1, Series 2013:        
1,000   6.000%, 9/01/38   9/23 at 100.00 N/R 1,132,660
1,750   6.000%, 9/01/43   9/23 at 100.00 N/R 1,995,700
1,870   Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Area Sheriff's Facilities Projects, Refunding Series 2004, 5.000%, 12/01/23  –  SYNCORA GTY Insured   7/19 at 100.00 A 1,874,581
1,120   Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Fire Protection Facilities Project, Refunding Series 2004, 5.000%, 12/01/23  –  SYNCORA GTY Insured   7/19 at 100.00 A 1,122,733
1,000   Lathrop, California, Limited Obligation Improvement Bonds, Crossroads Assessment District, Series 2015, 5.000%, 9/02/40   9/25 at 100.00 N/R 1,113,670
1,875   Los Angeles County Metropolitan Transportation Authority, California, Measure R Sales Tax Revenue Bonds, Senior Series 2016A, 5.000%, 6/01/36   6/26 at 100.00 AAA 2,254,462
40      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$10,885   Los Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Green Senior Lien Series 2019A, 5.000%, 7/01/44   7/28 at 100.00 AAA $13,319,104
    Los Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Senior Lien Series 2017A:        
15,075   5.000%, 7/01/39   7/27 at 100.00 AAA 18,263,965
5,075   5.000%, 7/01/42   7/27 at 100.00 AAA 6,103,144
100   Los Angeles, California, Certificates of Participation, Department of Public Social Services, Sonnenblick Del Rio West LA, Senior Lien Series 2000, 6.000%, 11/01/19  –  AMBAC Insured   8/19 at 100.00 Aa2 100,365
    Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A:        
435   5.000%, 9/01/23   No Opt. Call N/R 492,698
760   5.000%, 9/01/33  –  BAM Insured   9/25 at 100.00 AA 882,079
1,600   5.000%, 9/01/35  –  BAM Insured   9/25 at 100.00 AA 1,842,304
115   5.000%, 9/01/36  –  BAM Insured   9/25 at 100.00 AA 131,890
1,455   Modesto, California, Special Tax Bonds, Community Facilities District 2004-1 Village One 2, Refunding Series 2014, 5.000%, 9/01/28   9/24 at 100.00 BBB+ 1,676,073
4,055   Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment Project, Series 2011, 6.750%, 9/01/40   9/21 at 100.00 A- 4,468,651
    Oakland Redevelopment Successor Agency, California, Tax Allocation Bonds, Refunding Subordinated Series 2015-TE:        
3,250   5.000%, 9/01/35  –  AGM Insured   9/25 at 100.00 AA 3,783,162
3,215   5.000%, 9/01/36  –  AGM Insured   9/25 at 100.00 AA 3,733,612
260   Orange County, California, Special Tax Bonds, Community Facilities District 2015-1 Esencia Village, Series 2015A, 5.250%, 8/15/45   8/25 at 100.00 N/R 292,848
2,500   Palm Drive Health Care District, Sonoma County, California, Certificates of Participation, Parcel Tax Secured Financing Program, Series 2010, 7.500%, 4/01/35   7/19 at 102.00 CCC+ 2,429,875
    Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Senior Series 2013A:        
2,665   5.250%, 9/01/30   9/23 at 100.00 N/R 2,938,909
2,385   5.750%, 9/01/39   9/23 at 100.00 N/R 2,643,272
415   Patterson Public Finance Authority, California, Revenue Bonds, Community Facilities District 2001-1, Subordinate Lien Series 2013B, 5.875%, 9/01/39   9/23 at 100.00 N/R 461,098
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
272   4.500%, 7/01/34   7/25 at 100.00 N/R 279,488
6,658   5.000%, 7/01/58   7/28 at 100.00 N/R 6,635,030
      41
Nuveen California Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Puerto Rico Urgent Interest Fund Corp (COFINA), National Custodial Taxable Trust Unit, Series 2007A Sr. Bond:        
$4,079   0.000%, 8/01/42 (5)   No Opt. Call N/R $3,579,179
10,427   0.000%, 8/01/43 (5)   No Opt. Call N/R 9,149,714
16,000   0.000%, 8/01/44 (5)   No Opt. Call N/R 14,040,000
7,838   0.000%, 8/01/46 (5)   No Opt. Call N/R 6,606,104
    Rancho Cucamonga Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Rancho Redevelopment Project, Series 2014:        
1,600   5.000%, 9/01/30   9/24 at 100.00 AA+ 1,860,480
2,800   5.000%, 9/01/31   9/24 at 100.00 AA+ 3,240,104
2,400   5.000%, 9/01/32   9/24 at 100.00 AA+ 2,771,328
780   Rancho Cucamonga, California, Limited Obligation Improvement Bonds, Masi Plaza Assessment District 93-1, Series 1997, 6.250%, 9/02/22   9/19 at 100.00 N/R 785,733
1,115   Rio Elementary School District, California, Special Tax Bonds, Community Facilities District 1, Series 2013, 5.500%, 9/01/39   9/23 at 100.00 N/R 1,243,548
100   Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project Area, Series 2011B, 6.500%, 10/01/25   10/21 at 100.00 A 111,300
    Roseville, California, Special Tax Bonds, Community Facilities District 1 Westpark, Refunding Series 2015:        
1,000   5.000%, 9/01/28   9/25 at 100.00 N/R 1,151,720
1,000   5.000%, 9/01/29   9/25 at 100.00 N/R 1,145,860
1,000   5.000%, 9/01/30   9/25 at 100.00 N/R 1,141,820
6,960   Sacramento Area Flood Control Agency, California, Consolidated Capital Assessment District 2 Bonds, Series 2016A, 5.000%, 10/01/41   10/26 at 100.00 AA 8,225,537
630   Sacramento City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993A, 5.400%, 11/01/20  –  AMBAC Insured   No Opt. Call A+ 650,759
185   Sacramento City Financing Authority, California, Lease Revenue Refunding Bonds, Series 1993B, 5.400%, 11/01/20   No Opt. Call AAA 191,096
200   San Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1 Marblehead Coastal, Series 2015, 5.000%, 9/01/40   9/25 at 100.00 N/R 223,330
450   San Francisco City and County Redevelopment Agency Successor Agency, California, Special Tax Bonds, Community Facilities District 7, Hunters Point Shipyard Phase One Improvements, Refunding Series 2014, 5.000%, 8/01/39   8/24 at 100.00 N/R 487,994
1,955   San Francisco City and County Redevelopment Agency, California, Hotel Occupancy Tax Revenue Bonds, Refunding Series 2011, 5.000%, 6/01/25  –  AGM Insured   6/21 at 100.00 AA 2,092,006
5,255   San Francisco City and County, California, Certificates of Participation, Refunding Series 2010A, 5.000%, 10/01/30   10/20 at 100.00 AA+ 5,492,946
180   Signal Hill Redevelopment Agency, California, Project 1 Tax Allocation Bonds, Series 2011, 7.000%, 10/01/26   4/21 at 100.00 N/R 195,557
2,235   Stockton Public Financing Authority, California, Revenue Bonds, Arch Road East Community Facility District 99-02, Series 2018A, 5.000%, 9/01/43   9/25 at 103.00 N/R 2,539,161
105   Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017, 6.125%, 9/01/37, 144A   9/27 at 100.00 N/R 109,929
42      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    Tustin, California, Special Tax Bonds, Community Facilities District 06-1 Tustin Legacy/Columbus Villages, Refunding Series 2015A:        
$500   5.000%, 9/01/35   9/25 at 100.00 A- $581,390
395   5.000%, 9/01/37   9/25 at 100.00 A- 457,106
    Tustin, California, Special Tax Bonds, Community Facilities District 14-1 Tustin Legacy/Standard Pacific, Refunding Series 2015A:        
50   5.000%, 9/01/40   9/25 at 100.00 N/R 55,863
100   5.000%, 9/01/45   9/25 at 100.00 N/R 111,423
1,045   Ukiah Redevelopment Agency, California, Tax Allocation Bonds, Ukiah Redevelopment Project, Series 2011A, 6.500%, 12/01/28   6/21 at 100.00 A+ 1,143,711
25   Vernon Redevelopment Agency, California, Tax Allocation Bonds, Industrial Redevelopment Project, Series 2005, 5.000%, 9/01/35  –  NPFG Insured   7/19 at 100.00 Baa2 25,025
    Vista Community Development Commission Taxable Non-Housing Tax Allocation Revenue Bonds, California, Vista Redevelopment Project, Series 2011:        
7,600   6.000%, 9/01/33   9/21 at 100.00 AA- 8,348,828
7,920   6.125%, 9/01/37   9/21 at 100.00 AA- 8,712,871
1,540   Westminster Redevelopment Agency, California, Tax Allocation Bonds, Commercial Redevelopment Project 1, Subordinate Lien Series 2011A, 5.875%, 11/01/45   11/21 at 100.00 A+ 1,696,310
282,424   Total Tax Obligation/Limited       308,432,942
    Transportation – 12.8%        
    Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second Subordinate Lien Series 2016B:        
2,000   5.000%, 10/01/34   10/26 at 100.00 BBB+ 2,327,880
2,570   5.000%, 10/01/37   10/26 at 100.00 BBB+ 2,966,808
50   Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Subordinate Lien Series 2016A, 5.000%, 10/01/25   No Opt. Call BBB+ 58,924
8,000   Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Subordinate Series 2019S-H, 5.000%, 4/01/44   4/29 at 100.00 AA- 9,757,200
3,780   Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2013C, 6.500%, 1/15/43   1/24 at 100.00 BBB+ 4,476,994
    Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A:        
8,335   5.750%, 1/15/46   1/24 at 100.00 A- 9,663,516
8,415   6.000%, 1/15/53   1/24 at 100.00 A- 9,876,770
4,000   Guam International Airport Authority, Revenue Bonds, Series 2013C, 5.000%, 10/01/21 (AMT)   No Opt. Call BBB+ 4,158,440
    Long Beach, California, Harbor Revenue Bonds, Series 2015D:        
1,000   5.000%, 5/15/33   5/25 at 100.00 AA 1,180,720
2,785   5.000%, 5/15/34   5/25 at 100.00 AA 3,277,666
3,135   Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015D, 5.000%, 5/15/35 (AMT)   5/25 at 100.00 AA 3,619,514
      43
Nuveen California Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
    Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015E:        
$250   5.000%, 5/15/32   5/25 at 100.00 AA $294,562
600   5.000%, 5/15/33   5/25 at 100.00 AA 704,358
1,305   5.000%, 5/15/35   5/25 at 100.00 AA 1,520,925
355   5.000%, 5/15/41   5/25 at 100.00 AA 409,656
2,255   Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2016B, 5.000%, 5/15/46 (AMT)   5/26 at 100.00 AA- 2,606,194
15,650   Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2017A, 5.000%, 5/15/47 (AMT)   5/27 at 100.00 AA- 18,349,625
    Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018A:        
10,800   5.000%, 5/15/44 (AMT)   5/28 at 100.00 AA- 12,886,236
6,995   5.250%, 5/15/48 (AMT)   5/28 at 100.00 AA- 8,496,057
    Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C:        
1,935   5.000%, 5/15/36 (AMT)   11/27 at 100.00 AA- 2,330,069
1,800   5.000%, 5/15/38 (AMT)   11/27 at 100.00 AA- 2,154,816
12,665   5.000%, 5/15/44 (AMT)   11/27 at 100.00 AA- 15,020,690
    Palm Springs Financing Authority, California, Palm Springs International Airport Revenue Bonds, Series 2006:        
150   5.450%, 7/01/20 (AMT)   7/19 at 100.00 N/R 150,083
75   5.550%, 7/01/28 (AMT)   7/19 at 100.00 N/R 75,049
    Riverside County Transportation Commission, California, Toll Revenue Senior Lien Bonds, Series 2013A:        
3,500   5.750%, 6/01/44   6/23 at 100.00 BBB 3,877,650
8,250   5.750%, 6/01/48   6/23 at 100.00 BBB 9,129,285
2,300   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Governmental Purpose Second Series 2017B, 5.000%, 5/01/47   5/27 at 100.00 A+ 2,727,616
6,500   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Governmental Purpose Series 2016C, 5.000%, 5/01/46   5/26 at 100.00 A+ 7,583,485
10,000   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2016B, 5.000%, 5/01/46 (AMT)   5/26 at 100.00 A+ 11,522,300
    San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2017A:        
7,500   5.250%, 5/01/42 (AMT)   5/27 at 100.00 A+ 8,959,350
20,955   5.000%, 5/01/47 (AMT)   5/27 at 100.00 A+ 24,472,925
    San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2018D:        
5,000   5.000%, 5/01/48 (AMT)   5/28 at 100.00 A+ 5,917,500
5,000   5.250%, 5/01/48 (AMT)   5/28 at 100.00 A+ 6,033,650
44      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
$5,000   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2018E, 5.000%, 5/01/48   5/28 at 100.00 A+ $6,018,600
172,910   Total Transportation       202,605,113
    U.S. Guaranteed – 8.2% (6)        
    Antelope Valley Healthcare District, California, Revenue Bonds, Series 2011A:        
1,810   7.000%, 3/01/31 (Pre-refunded 3/01/21)   3/21 at 100.00 N/R 1,983,416
2,000   7.250%, 3/01/36 (Pre-refunded 3/01/21)   3/21 at 100.00 N/R 2,200,180
2,665   Brea Redevelopment Agency, Orange County, California, Tax Allocation Bonds, Project Area AB, Series 2011A, 0.000%, 8/01/34 (Pre-refunded 8/01/21)   8/21 at 36.61 AA- 946,421
1,000   California Educational Facilities Authority, Revenue Bonds, Pitzer College, Refunding Series 2009, 5.375%, 4/01/34 (Pre-refunded 4/01/20)   4/20 at 100.00 A 1,033,820
2,025   California Health Facilities Financing Authority, Refunding Revenue Bonds, Stanford Hospital and Clinics, Series 2010B, 5.750%, 11/15/31 (Pre-refunded 11/15/20)   11/20 at 100.00 AA 2,153,770
2,000   California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2011B, 6.000%, 8/15/42 (Pre-refunded 8/15/20)   8/20 at 100.00 AA- 2,111,260
1,410   California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010A, 6.400%, 8/15/45 (Pre-refunded 8/15/20)   8/20 at 100.00 BBB 1,492,753
1,000   California Municipal Finance Authority, Revenue Bonds, Harbor Regional Center Project, Series 2009, 8.000%, 11/01/29 (Pre-refunded 11/01/19)   11/19 at 100.00 A3 1,026,840
1,500   California Municipal Finance Authority, Revenue Bonds, University of La Verne, Series 2010A, 6.125%, 6/01/30 (Pre-refunded 6/01/20)   6/20 at 100.00 A3 1,571,850
695   California State Public Works Board, Lease Revenue Bonds, California State University, J Paul Leonard & Sutro Library, Series 2009J, 5.500%, 11/01/26 (Pre-refunded 11/01/19)   11/19 at 100.00 A+ 707,128
    California State Public Works Board, Lease Revenue Bonds, California State University, Various University Projects, Series 2012D:        
3,000   5.000%, 9/01/33 (Pre-refunded 9/01/22)   9/22 at 100.00 A+ 3,364,380
4,000   5.000%, 9/01/34 (Pre-refunded 9/01/22)   9/22 at 100.00 A+ 4,485,840
2,500   California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2009G-1, 5.750%, 10/01/30 (Pre-refunded 10/01/19)   10/19 at 100.00 A+ 2,536,725
2,000   California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2009-I, 6.375%, 11/01/34 (Pre-refunded 11/01/19)   11/19 at 100.00 A+ 2,042,000
3,000   California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2010A-1, 6.000%, 3/01/35 (Pre-refunded 3/01/20)   3/20 at 100.00 A+ 3,106,170
2,000   California Statewide Communities Development Authority, Health Facility Revenue Bonds, Community Hospital of the Monterey Peninsula, Series 2011A, 6.000%, 6/01/33 (Pre-refunded 6/01/21)   6/21 at 100.00 N/R 2,185,460
2,010   California Statewide Community Development Authority, Revenue Bonds, Methodist Hospital Project, Series 2009, 6.750%, 2/01/38 (Pre-refunded 8/01/19)   8/19 at 100.00 N/R 2,027,185
855   Central Unified School District, Fresno County, California, General Obligation Bonds, Election 2008 Series 2009A, 5.625%, 8/01/33 (Pre-refunded 8/01/19)  –  AGC Insured   8/19 at 100.00 AA 860,882
1,000   College of the Sequoias Visalia Area Improvement District 2, Tulare County, California, General Obligation Bonds, Sequoias Community College District, Election 2008 Series 2009A, 5.250%, 8/01/29 (Pre-refunded 8/01/19)  –  AGC Insured   8/19 at 100.00 AA 1,006,290
      45
Nuveen California Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (6) (continued)        
$1,705   Cupertino Union School District, Santa Clara County, California, General Obligation Bonds, Series 2010D, 0.000%, 8/01/30 (Pre-refunded 8/01/20)   8/20 at 52.75 AA+ $884,724
1,000   Eden Township Healthcare District, California, Certificates of Participation, Installment Sale Agreement with Eden Hospital Health Services Corporation, Series 2010, 6.000%, 6/01/30 (Pre-refunded 6/01/20)   6/20 at 100.00 N/R 1,046,160
950   Grossmont Union High School District, San Diego County, California, General Obligation Bonds, Election of 2008 Series 2009A, 5.500%, 8/01/31 (Pre-refunded 8/01/19)   8/19 at 100.00 Aa2 956,346
    Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Redevelopment Project Areas Housing Programs, Series 2009:        
285   6.875%, 8/01/39 (Pre-refunded 8/01/19)   8/19 at 100.00 N/R 287,491
215   6.875%, 8/01/39 (Pre-refunded 8/01/19)   8/19 at 100.00 BBB 216,879
470   Long Beach Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2009A, 5.500%, 8/01/29 (Pre-refunded 8/01/19)   8/19 at 100.00 N/R 473,140
    Marysville, California, Revenue Bonds, Fremont-Rideout Health Group, Series 2011:        
2,040   5.250%, 1/01/27 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 2,166,521
515   5.125%, 1/01/33 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 545,941
1,260   5.200%, 1/01/34 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 1,337,162
4,125   5.250%, 1/01/35 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 4,380,832
275   5.250%, 1/01/37 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 292,056
4,580   5.250%, 1/01/42 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 4,864,052
    National City Community Development Commission, California, Tax Allocation Bonds, National City Redevelopment Project, Series 2011:        
625   6.500%, 8/01/24 (Pre-refunded 8/01/21)   8/21 at 100.00 A 695,019
3,455   7.000%, 8/01/32 (Pre-refunded 8/01/21)   8/21 at 100.00 A 3,875,612
10,000   Newport-Mesa Unified School District, Orange County, California, General Obligation Bonds, Election of 2005, Series 2011, 0.000%, 8/01/41 (Pre-refunded 8/01/21)   8/21 at 24.49 Aaa 2,372,700
1,000   Norco Redevelopment Agency, California, Tax Allocation Refunding Bonds, Project Area 1, Refunding Series 2010, 6.000%, 3/01/36 (Pre-refunded 3/01/20)   3/20 at 100.00 N/R 1,034,630
805   Oakdale Irrigation District, California, Certificates of Participation, Water Facilities Project, Series 2009, 5.500%, 8/01/34 (Pre-refunded 8/01/19)   8/19 at 100.00 AA 810,377
7,600   Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009, 6.750%, 11/01/39 (Pre-refunded 11/01/19)   11/19 at 100.00 N/R 7,766,060
3,625   Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010, 6.000%, 11/01/41 (Pre-refunded 11/01/20)   11/20 at 100.00 Ba1 3,859,320
4,000   Pittsburg Unified School District Financing Authority, Contra Costa County, California, General Obligation Bonds, Pittsburg Unified School District Bond Program, Series 2011, 0.000%, 9/01/38 (Pre-refunded 9/01/21)  –  AGM Insured   9/21 at 27.77 AA 1,076,160
1,045   Rancho Santa Fe CSD Financing Authority, California, Revenue Bonds, Superior Lien Series 2011A, 5.750%, 9/01/30 (Pre-refunded 9/01/21)   9/21 at 100.00 A- 1,148,121
    Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Interstate 215 Corridor Redevelopment Project Area, Series 2010E:        
2,950   6.250%, 10/01/30 (Pre-refunded 10/01/20)   10/20 at 100.00 A- 3,143,166
480   6.500%, 10/01/40 (Pre-refunded 10/01/20)   10/20 at 100.00 A- 512,938
46      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (6) (continued)        
$6,470   Riverside County Transportation Commission, California, Sales Tax Revenue Bonds, Limited Tax Series 2013A, 5.250%, 6/01/39 (Pre-refunded 6/01/23)   6/23 at 100.00 AA+ $7,482,814
2,000   San Diego Unified School District, San Diego County, California, General Obligation Bonds, Series 2009A, 6.000%, 7/01/33 (Pre-refunded 7/01/24) (4)   7/24 at 100.00 Aa2 2,419,420
525   San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds, Mission Bay North Redevelopment Project, Series 2009C, 6.375%, 8/01/32 (Pre-refunded 8/01/19)   8/19 at 100.00 A- 529,273
1,185   San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds, Mission Bay North Redevelopment Project, Series 2011C, 6.750%, 8/01/41 (Pre-refunded 2/01/21)   2/21 at 100.00 A- 1,292,231
    San Francisco Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds, Mission Bay South Redevelopment Project, Series 2011D:        
80   7.000%, 8/01/33 (Pre-refunded 2/01/21)   2/21 at 100.00 BBB+ 87,510
105   7.000%, 8/01/41 (Pre-refunded 2/01/21)   2/21 at 100.00 BBB+ 114,857
3,500   San Jose Redevelopment Agency, California, Housing Set-Aside Tax Allocation Bonds, Merged Area Redevelopment Project, Series 2010A-1, 5.500%, 8/01/35 (Pre-refunded 8/01/20)   8/20 at 100.00 AA 3,670,450
1,000   San Lorenzo Unified School District, Alameda County, California, General Obligation Bonds, Election of 2008 Series 2011B, 6.000%, 8/01/41 (Pre-refunded 8/01/21)   8/21 at 100.00 A+ 1,101,500
2,140   Santa Ana Community Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area, Series 2011A, 6.750%, 9/01/28 (Pre-refunded 3/01/21)   3/21 at 100.00 AA+ 2,341,310
    Santa Cruz County Redevelopment Agency, California, Tax Allocation Bonds, Live Oak-Soquel Community Improvement Project Area, Series 2009A:        
1,860   6.625%, 9/01/29 (Pre-refunded 9/01/19)   9/19 at 100.00 N/R 1,883,715
2,805   7.000%, 9/01/36 (Pre-refunded 9/01/19)   9/19 at 100.00 N/R 2,843,008
3,500   Santee Community Development Commission, California, Santee Redevelopment Project Tax Allocation Bonds, Series 2011A, 6.500%, 8/01/26 (Pre-refunded 2/01/21)   2/21 at 100.00 A 3,802,400
500   Temecula Redevelopment Agency, California, Redevelopment Project 1 Tax Allocation Housing Bonds Series 2011A, 6.750%, 8/01/31 (Pre-refunded 8/01/21)   8/21 at 100.00 BBB+ 558,030
1,225   Turlock Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2011, 7.000%, 9/01/25 (Pre-refunded 3/01/21)   3/21 at 100.00 A- 1,345,724
240   Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Project, Subordinate Lien Series 2011, 6.375%, 12/01/23 (Pre-refunded 12/01/21)   12/21 at 100.00 A+ 270,271
3,040   Upland, California, Certificates of Participation, San Antonio Community Hospital, Series 2011, 6.500%, 1/01/41 (Pre-refunded 1/01/21)   1/21 at 100.00 BBB+ 3,284,629
1,555   Victor Valley Community College District, San Bernardino County, California, General Obligation Bonds, Election of 2008 Series 2009A, 5.000%, 8/01/31 (Pre-refunded 8/01/19)   8/19 at 100.00 Aa2 1,564,283
    Westminster Redevelopment Agency, California, Tax Allocation Bonds, Commercial Redevelopment Project 1, Police Facility Subordinate Series 2009:        
10,710   6.250%, 11/01/39 (Pre-refunded 11/01/19)   11/19 at 100.00 N/R 10,925,057
2,395   5.750%, 11/01/45 (Pre-refunded 11/01/19)   11/19 at 100.00 N/R 2,438,230
      47
Nuveen California Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (6) (continued)        
$320   Yorba Linda Redevelopment Agency, Orange County, California, Tax Allocation Revenue Bonds, Yorba Linda Redevelopment Project, Subordinate Lien Series 2011A, 6.500%, 9/01/32 (Pre-refunded 9/01/21)   9/21 at 100.00 N/R $356,787
134,630   Total U.S. Guaranteed       128,899,276
    Utilities – 10.5%        
2,750   California Statewide Communities Development Authority, Pollution Control Revenue Bonds, Southern California Edison Company, Refunding Series 2006D, 2.625%, 11/01/33 (Mandatory Put 12/01/23)   No Opt. Call A- 2,777,748
10,725   California Statewide Communities Development Authority, Pollution Control Revenue Bonds, Southern California Edison Company, Series 2006C, 2.625%, 11/01/33 (Mandatory Put 12/01/23)   No Opt. Call A- 10,833,215
1,985   Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2014D, 5.000%, 7/01/44   7/24 at 100.00 AA 2,268,895
    Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016A:        
3,300   5.000%, 7/01/40   1/26 at 100.00 AA 3,850,770
6,445   5.000%, 7/01/46   1/26 at 100.00 AA 7,457,703
4,165   Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2016B, 5.000%, 7/01/37   1/26 at 100.00 AA 4,909,702
29,905   Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017A, 5.000%, 7/01/42   1/27 at 100.00 AA 35,481,983
40,800   Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2017C, 5.000%, 7/01/47   7/27 at 100.00 AA 48,488,760
7,000   Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018A, 5.000%, 7/01/38   1/28 at 100.00 AA 8,559,950
15,435   Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018D, 5.000%, 7/01/38   7/28 at 100.00 AA 19,056,514
    Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2019A:        
8,000   5.000%, 7/01/45   1/29 at 100.00 AA 9,800,800
9,555   5.000%, 7/01/49   1/29 at 100.00 AA 11,595,661
140,065   Total Utilities       165,081,701
    Water and Sewer – 11.2%        
    California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012:        
5,000   5.000%, 7/01/37 (AMT), 144A   7/22 at 100.00 Baa3 5,355,400
5,060   5.000%, 11/21/45 (AMT), 144A   7/22 at 100.00 Baa3 5,390,317
2,565   California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authority Desalination Project Pipeline, Refunding Series 2019, 5.000%, 7/01/39, 144A   1/29 at 100.00 Baa3 3,036,011
355   California Statewide Community Development Authority, Water and Wastewater Revenue Bonds, Pooled Financing Program, Series 2003A, 5.250%, 10/01/23  –  AGM Insured   7/19 at 100.00 AA 356,093
48      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
$650   Compton, California, Sewer Revenue Bonds, Refunding Series 1998, 5.375%, 9/01/23  –  NPFG Insured   6/19 at 100.00 Baa2 $651,996
    East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Green Series 2017A:        
8,750   5.000%, 6/01/42   6/27 at 100.00 AAA 10,556,437
5,000   5.000%, 6/01/45   6/27 at 100.00 AAA 6,021,450
8,000   4.000%, 6/01/45   6/27 at 100.00 AAA 8,780,160
5,695   East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Refunding Series 2015A, 5.000%, 6/01/37   6/25 at 100.00 AAA 6,750,511
13,740   East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Series 2015C, 4.000%, 6/01/45   6/25 at 100.00 AAA 14,770,363
1,500   Eastern Municipal Water District Financing Authority, California, Water and Wastewater Revenue Bonds, Series 2015B, 5.000%, 7/01/40   7/25 at 100.00 AA+ 1,744,605
6,000   Irvine Ranch Water District, California, Certificates of Participation, Irvine Ranch Water District Series 2016, 5.000%, 3/01/41   9/26 at 100.00 AAA 7,102,140
4,000   Livermore Valley Water Financing Authority, California, Water Revenue Bonds, Series 2018A, 5.000%, 7/01/47   7/27 at 100.00 AA+ 4,782,960
    Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Refunding Series 2016B:        
3,460   5.000%, 7/01/33   1/26 at 100.00 AA+ 4,167,466
4,955   5.000%, 7/01/35   1/26 at 100.00 AA+ 5,921,275
    Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2017A:        
10,545   5.000%, 7/01/44   1/27 at 100.00 AA+ 12,513,330
5,000   5.250%, 7/01/44   1/27 at 100.00 AA+ 6,031,350
10,000   Los Angeles, California, Wastewater System Revenue Bonds, Green Series 2015C, 5.000%, 6/01/45   6/25 at 100.00 AA+ 11,582,900
    Los Angeles, California, Wastewater System Revenue Bonds, Refunding Green Series 2015A:        
5,000   5.000%, 6/01/31   6/25 at 100.00 AA+ 5,958,050
5,000   5.000%, 6/01/32   6/25 at 100.00 AA+ 5,942,350
2,600   Los Angeles, California, Wastewater System Revenue Bonds, Refunding Subordinate Lien Series 2013A, 5.000%, 6/01/35   6/23 at 100.00 AA 2,942,784
1,000   Norco Financing Authority, California, Enterprise Revenue Refunding Bonds, Series 2009, 5.625%, 10/01/34  –  AGM Insured   10/19 at 100.00 AA 1,012,900
1,775   Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A, 6.000%, 7/01/44   7/19 at 100.00 Ca 1,779,437
    Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A:        
2,760   4.250%, 7/01/25   7/22 at 100.00 Ca 2,663,400
740   5.500%, 7/01/28   7/22 at 100.00 Ca 743,700
2,745   5.750%, 7/01/37   7/22 at 100.00 Ca 2,779,312
2,250   6.000%, 7/01/47   7/22 at 100.00 Ca 2,283,750
      49
Nuveen California Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
    San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Refunding Subordinate Lien Series 2016B:        
$7,330   5.000%, 8/01/32   8/26 at 100.00 Aa3 $8,974,559
12,735   5.000%, 8/01/39   8/26 at 100.00 Aa3 15,143,316
9,235   San Francisco City and County Public Utilities Commission, California, Wastewater Revenue Bonds, Green Series 2018A, 4.000%, 10/01/43   4/28 at 100.00 AA 10,093,024
153,445   Total Water and Sewer       175,831,346
$1,404,694   Total Long-Term Investments (cost $1,437,280,205)       1,540,533,092
    
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    SHORT-TERM INVESTMENTS – 0.9%        
    MUNICIPAL BONDS – 0.9%        
    Health Care – 0.9%        
$4,290   California Statewide Communities Development Authority, Revenue Bonds, Kaiser Permanente, Variable Rate Demand Obligations, Series 2008A, 1.200%, 4/01/32 (7)   8/19 at 100.00 A-1+ $4,290,000
4,150   California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System, Variable Rate Demand Obligation, Series 2002B, 1.200%, 11/01/30 (7)   9/19 at 100.00 A-1+ 4,150,000
5,895   California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System, Variable Rate Demand Obligations, Series 2003B, 1.200%, 8/15/25 (7)   7/19 at 100.00 A-1+ 5,895,000
$14,335   Total Short-Term Investments (cost $14,335,000)       14,335,000
    Total Investments (cost $1,451,615,205) – 98.6%       1,554,868,092
    Other Assets Less Liabilities – 1.4%       21,608,835
    Net Assets – 100%       $1,576,476,927
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
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. A three-tier hierarchy 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 the reporting entity’s own 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.
50      
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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $1,540,533,092 $ — $1,540,533,092
Short-Term Investments:        
Municipal Bonds  — 14,335,000  — 14,335,000
Total $ — $1,554,868,092 $ — $1,554,868,092
    
(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) Effective February 12, 2019, the par value of the original bonds was replaced with taxable and tax exempt Puerto Rico Sales Tax Financing Corporation (commonly known as COFINA) bond units that are collateralized by a bundle of zero and coupon paying bonds. The quantity shown represents units in a trust, which were assigned according to the original bond’s accreted value. These securities do not have a stated coupon interest rate and income will be recognized through accretion of the discount associated with the trust units. The factor at which these units accrete can also decrease, primarily for principal payments generated from coupon payments received or dispositions of the underlying bond collateral. The quantity of units will not change as a result of these principal payments.  
(6) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(7) Investment 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  
      51
Nuveen California Intermediate Municipal Bond Fund
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 92.6%        
    MUNICIPAL BONDS – 92.6%        
    Consumer Staples  – 3.9%        
$445   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1, 5.000%, 6/01/31   6/28 at 100.00 BBB $520,031
    Education and Civic Organizations – 12.6%        
150   California Educational Facilities Authority, Revenue Bonds, Art Center College of Design, Series 2018A, 5.000%, 12/01/28   No Opt. Call Baa1 187,449
35   California Educational Facilities Authority, Revenue Bonds, Chapman University, Series 2015, 5.000%, 4/01/27   4/25 at 100.00 A2 41,468
220   California Educational Facilities Authority, Revenue Bonds, University of Southern California Series 2012A, 5.000%, 10/01/23   No Opt. Call Aa1 255,506
150   California Health Facilities Financing Authority, Revenue Bonds, Los Angeles BioMedical, Series 2018, 5.000%, 9/01/28   No Opt. Call Baa2 185,978
175   California Infrastructure and Economic Development Bank, Revenue Bonds, Salvation Army Western Territory, Refunding Series 2016, 5.000%, 9/01/27   9/26 at 100.00 A1 215,388
150   California Municipal Finance Authority, Revenue Bonds, California Lutheran University, Series 2018, 5.000%, 10/01/28   No Opt. Call Baa1 187,327
100   California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016C, 5.000%, 7/01/21   No Opt. Call BBB 106,172
400   University of California, General Revenue Bonds, Series 2017AY, 5.000%, 5/15/30   5/27 at 100.00 AA 502,052
1,380   Total Education and Civic Organizations       1,681,340
    Health Care – 13.1%        
150   California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Series 2017, 5.000%, 2/01/26   No Opt. Call AA 184,360
175   California Health Facilities Financing Authority, Revenue Bonds, Stanford Health Care, Refunding Series 2017A, 5.000%, 11/15/28   11/27 at 100.00 AA 222,889
100   California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017A, 5.000%, 7/01/27   No Opt. Call Baa2 120,839
60   California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2015, 5.000%, 11/01/22   No Opt. Call BBB- 65,926
100   California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A, 5.000%, 11/01/25   No Opt. Call BBB- 117,063
100   California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017, 5.000%, 10/15/23   No Opt. Call BBB- 110,914
125   California Statewide Communities Development Authority, California, Redlands Community Hospital, Revenue Bonds, Series 2016, 5.000%, 10/01/25   No Opt. Call A- 147,635
100   California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A, 5.000%, 12/01/28, 144A   6/26 at 100.00 BB 114,792
52      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$50   California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A, 5.000%, 12/01/28, 144A   6/28 at 100.00 BB $59,053
200   California Statewide Communities Development Authority, Revenue Bonds, Huntington Memorial Hospital, Refunding Series 2014B, 5.000%, 7/01/25   7/24 at 100.00 A- 231,816
150   California Statewide Community Development Authority, Certificates of Participation, Methodist Hospital of Southern California, Series 2018, 5.000%, 1/01/29   1/28 at 100.00 BBB+ 181,696
70   California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A, 5.750%, 7/01/24   7/19 at 100.00 CC 68,594
100   Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017, 5.000%, 1/01/29   1/28 at 100.00 BBB+ 119,582
1,480   Total Health Care       1,745,159
    Tax Obligation/General – 8.6%        
100   Alhambra Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2018A, 5.000%, 8/01/29   8/28 at 100.00 Aa2 129,432
150   California State, General Obligation Bonds, Refunding Various Purpose Series 2017, 5.000%, 8/01/26   No Opt. Call AA- 186,341
50   Desert Sands Unified School District, Riverside County, California, General Obligation Bonds, Election 2014, Series 2019, 5.000%, 8/01/29   8/27 at 100.00 AA 63,077
200   Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1, 5.000%, 7/01/28   1/28 at 100.00 AAA 254,210
150   Sacramento City Unified School District, Sacramento County, California, General Obligation Bonds, Measure Q Election 2012, Series 2017E, 5.000%, 8/01/28   8/27 at 100.00 AAA 182,574
250   San Mateo County Community College District, California, General Obligation Bonds, Election 2014 Series 2018B, 5.000%, 9/01/29   9/28 at 100.00 AAA 325,770
900   Total Tax Obligation/General       1,141,404
    Tax Obligation/Limited – 21.1%        
250   California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Pacific Highlands Ranch Project, Series 2019, 5.000%, 9/02/29   No Opt. Call N/R 307,185
75   City of Dublin, California, Community Facilities District No 2015-1, Dublin Crossing, Improvement Area No 1, Special Tax Bonds, Series 2017, 5.000%, 9/01/27   No Opt. Call N/R 85,225
100   Indian Wells Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Consolidated Whitewater Project Area, Refunding Subordinate Series 2015A, 5.000%, 9/01/23  –  AGM Insured   No Opt. Call AA 114,455
50   Indio, California, Special Tax Bonds, Community Facilities District 2004-3 Terra Lago, Improvement Area 1, Series 2015, 5.000%, 9/01/25   No Opt. Call N/R 57,703
100   Jurupa Public Financing Authority, California, Special Tax Revenue Bonds, Series 2015A, 5.000%, 9/01/23   No Opt. Call A+ 114,278
150   Lammersville Joint Unified School District, San Joaquin County, California, Special Tax Bonds, Community Facilities District 2002 Mountain House, Series 2017, 5.000%, 9/01/26   No Opt. Call N/R 177,748
200   Long Beach, California, Marina Revenue Bonds, Alamitos Bay Marina Project, Series 2015, 5.000%, 5/15/21   No Opt. Call BBB 211,834
      53
Nuveen California Intermediate Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$300   Los Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Green Senior Lien Series 2019A, 5.000%, 7/01/29   7/28 at 100.00 AAA $388,947
300   Orange County Local Transportation Authority, California, Measure M2 Sales Tax Revenue Bonds, Limited Tax Series 2019, 5.000%, 2/15/29   No Opt. Call AA+ 396,852
100   Poway Unified School District Public Financing Authority, California, Special Tax Revenue Bonds, Refunding Series 2017A, 5.000%, 9/01/24   No Opt. Call AA 118,731
275   San Diego Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Refunding Series 2016A, 5.000%, 9/01/25   No Opt. Call AA 336,545
100   San Francisco City and County Redevelopment Agency Successor Agency, California, Special Tax Bonds, Community Facilities District 7, Hunters Point Shipyard Phase One Improvements, Refunding Series 2014, 5.000%, 8/01/26   8/24 at 100.00 N/R 113,007
65   San Francisco City and County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Mission Bay North Redevelopment Project, Refunding Series 2016A, 5.000%, 8/01/26   No Opt. Call A 80,349
25   San Mateo Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Refunding Series 2015A, 5.000%, 8/01/27   8/25 at 100.00 A 29,442
100   Saugus/Hart School Facilities Financing Authority, California, Special Tax Bonds, Community Facilities District 2006-1, Series 2016, 5.000%, 9/01/26   3/26 at 100.00 N/R 118,289
135   Stockton Public Financing Authority, California, Revenue Bonds, Arch Road East Community Facility District 99-02, Series 2018A, 5.000%, 9/01/28   9/25 at 103.00 N/R 159,161
2,325   Total Tax Obligation/Limited       2,809,751
    Transportation – 7.1%        
100   Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Subordinate Lien Series 2016A, 5.000%, 10/01/25   No Opt. Call BBB+ 117,847
235   Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C, 5.000%, 5/15/28 (AMT)   No Opt. Call AA- 296,993
100   Peninsula Corridor Joint Powers Board, California, Farebox Revenue Bonds, Series 2019A, 5.000%, 10/01/29   No Opt. Call A+ 131,499
250   Port of Oakland, California, Revenue Bonds, Refunding Intermediate Lien Series 2017D Private Activity, 5.000%, 11/01/23 (AMT)   No Opt. Call A 285,770
100   San Jose, California, Airport Revenue Bonds, Refunding Series 2017A, 5.000%, 3/01/26 (AMT)   No Opt. Call A 120,937
785   Total Transportation       953,046
    U.S. Guaranteed – 2.7% (4)        
    Marysville, California, Revenue Bonds, Fremont-Rideout Health Group, Series 2011:        
100   5.250%, 1/01/28 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 106,202
30   5.000%, 1/01/31 (Pre-refunded 1/01/21)   1/21 at 100.00 N/R 31,744
200   Ohlone Community College District, Alameda County, California, General Obligation Bonds, Election 2010 Series 2011A-1, 5.250%, 8/01/41 (Pre-refunded 8/01/21)   8/21 at 100.00 AA+ 217,338
330   Total U.S. Guaranteed       355,284
    Utilities – 8.1%        
40   Banning Financing Authority, California, Revenue Bonds, Electric System Project, Refunding Series 2015, 5.000%, 6/01/27  –  AGM Insured   6/25 at 100.00 AA 47,414
54      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$110   California Department of Water Resources, Power Supply Revenue Bonds, Series 2015O, 5.000%, 5/01/22   No Opt. Call Aa1 $121,979
300   California Statewide Communities Development Authority, Pollution Control Revenue Bonds, Southern California Edison Company, Series 2006C, 2.625%, 11/01/33 (Mandatory Put 12/01/23)   No Opt. Call A- 303,027
250   City of Riverside California Refunding Electric Revenue Bonds, Series 2019A, 5.000%, 10/01/29   4/29 at 100.00 AA- 328,412
100   Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018A, 5.000%, 7/01/30   1/28 at 100.00 AA 127,574
100   Northern California Energy Authority, Commodity Supply Revenue Bonds, Series 2018A, 5.000%, 7/01/24   No Opt. Call A 113,578
30   Roseville Natural Gas Financing Authority, California, Gas Revenue Bonds, Series 2007, 5.000%, 2/15/23   No Opt. Call A+ 33,176
930   Total Utilities       1,075,160
    Water and Sewer – 15.4%        
250   California Department of Water Resources, Central Valley Project Water System Revenue Bonds, Series 2018AZ, 5.000%, 12/01/29   12/28 at 100.00 AAA 328,657
220   California Infrastructure and Economic Development Bank Clean Water State Revolving Fund Revenue Bonds, Green Series 2018, 5.000%, 10/01/28   4/28 at 100.00 AAA 285,663
250   California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authority Desalination Project Pipeline, Refunding Series 2019, 5.000%, 7/01/29, 144A   No Opt. Call Baa3 311,662
100   Central Basin Municipal Water District, California, Revenue Bonds, Refunding Series 2016A, 5.000%, 8/01/24  –  AGM Insured   No Opt. Call AA 118,393
150   Public Utilities Commission of the City and County of San Francisco, California, Wastewater Revenue Bonds, Series 2018B, 5.000%, 10/01/28   4/28 at 100.00 AA 194,771
220   Santa Clara Valley Water District, California, Certificates of Participation, Refunding & Improvement Series 2017A, 5.000%, 2/01/27   2/26 at 100.00 Aa1 271,568
300   Stockton Public Financing Authority, California, Water Revenue Bonds, Refunding Green Series 2018A, 5.000%, 10/01/30  –  BAM Insured   10/28 at 100.00 AA 374,373
160   Upper Santa Clara Valley Joint Powers Authority, California, Revenue Bonds, Santa Clara Water Division, Refunding Series 2017A, 5.000%, 8/01/21   No Opt. Call AA+ 173,018
1,650   Total Water and Sewer       2,058,105
$10,225   Total Long-Term Investments (cost $11,738,568)       12,339,280
    
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    SHORT-TERM INVESTMENTS – 7.1%        
    MUNICIPAL BONDS – 7.1%        
    Health Care – 4.9%        
$350   ABAG Finance Authority for Nonprofit Corporations, California, Revenue Bonds, Sharp HealthCare, Variable Rate Demand Obligations, Refunding Series 2009, 1.080%, 8/01/35 (5)   7/19 at 100.00 A-1 $350,000
      55
Nuveen California Intermediate Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    Health Care (continued)        
$300   California Health Facilities Financing Authority, Revenue Bonds, Scripps Health, Variable Rate Demand Obligations, Variable Rate Series 2010B, 1.150%, 10/01/40 (5)   7/19 at 100.00 A-1+ $300,000
650   Total Health Care       650,000
    Transportation – 2.2%        
300   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Variable Rate Demand Obligations, Second Series Variable Rate 2018C, 1.050%, 5/01/58 (5)   8/19 at 100.00 A-1 300,000
$950   Total Short-Term Investments (cost $950,000)       950,000
    Total Investments (cost $12,688,568) – 99.7%       13,289,280
    Other Assets Less Liabilities – 0.3%       38,774
    Net Assets – 100%       $13,328,054
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
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. A three-tier hierarchy 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 the reporting entity’s own 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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $12,339,280 $ — $12,339,280
Short-Term Investments:        
Municipal Bonds  — 950,000  — 950,000
Total $ — $13,289,280 $ — $13,289,280
56      
(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  
      57
Nuveen Connecticut Municipal Bond Fund
Portfolio of Investments    May 31, 2019
(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 – 10.2%        
$105   Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter Schools, Series 2007A, 5.000%, 4/01/20   7/19 at 100.00 B $105,072
    Connecticut Health and Educational Facilities Authority, Revenue Bonds, Brunswick School, Series 2012C:        
1,000   5.000%, 7/01/31   7/22 at 100.00 A+ 1,082,420
500   5.000%, 7/01/32   7/22 at 100.00 A+ 540,485
1,185   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut College, Series 2011H, 5.000%, 7/01/41   7/21 at 100.00 A2 1,247,485
1,885   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield University, Series 2016Q-1, 5.000%, 7/01/46   7/26 at 100.00 A- 2,168,787
1,050   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Norwich Free Academy, Series 2013B, 4.000%, 7/01/34   7/23 at 100.00 A1 1,104,327
5,095   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University, Refunding Series 2015L, 5.000%, 7/01/45   7/25 at 100.00 A- 5,726,270
1,750   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University, Series 2016M, 5.000%, 7/01/35   7/26 at 100.00 A- 2,031,138
4,110   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University, Series 2017I-1, 5.000%, 7/01/42   7/27 at 100.00 A 4,784,245
1,400   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity College, Refunding Series 2010M, 4.250%, 7/01/28   7/20 at 100.00 A+ 1,440,684
    Connecticut Health and Educational Facilities Authority, Revenue Bonds, University of New Haven, Series 2018K-1:        
2,000   5.000%, 7/01/37   7/28 at 100.00 BBB 2,307,700
250   5.000%, 7/01/38   7/28 at 100.00 BBB 287,718
950   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Westminster School, Series 2014H, 3.250%, 7/01/32   7/24 at 100.00 A 983,345
630   University of Connecticut, Student Fee Revenue Bonds, Refunding Series 2010A, 5.000%, 11/15/27   11/19 at 100.00 Aa3 639,412
21,910   Total Education and Civic Organizations       24,449,088
    Health Care – 19.6%        
4,600   Connecticut Health and Educational Facilities Authority Revenue Bonds, Hartford HealthCare, Series 2015F, 5.000%, 7/01/45   7/25 at 100.00 A 5,022,004
2,920   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Ascension Health Series 2010A, 5.000%, 11/15/40   11/19 at 100.00 AA+ 2,961,785
6,975   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare, Series 2011A, 5.000%, 7/01/41   7/21 at 100.00 A 7,341,327
59      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$500   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare, Series 2014E, 5.000%, 7/01/42   7/24 at 100.00 A $555,625
1,995   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Middlesex Hospital, Series 2015O, 5.000%, 7/01/36   7/25 at 100.00 A3 2,213,911
4,020   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital, Series 2010-I, 5.000%, 7/01/30   7/20 at 100.00 BBB+ 4,137,947
4,000   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital, Series 2012J, 5.000%, 7/01/42   7/22 at 100.00 BBB+ 4,269,360
1,815   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital, Series 2016K, 4.000%, 7/01/46   7/26 at 100.00 BBB+ 1,890,831
    Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity Health Credit Group, Series 2016CT:        
2,350   5.000%, 12/01/41   6/26 at 100.00 AA- 2,719,444
1,195   5.000%, 12/01/45   6/26 at 100.00 AA- 1,379,365
4,160   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Western Connecticut Health, Series 2011M, 5.375%, 7/01/41   7/21 at 100.00 A 4,405,523
2,000   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Western Connecticut Health, Series 2011N, 5.000%, 7/01/29   7/21 at 100.00 A 2,112,960
    Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health Issue, Series 2014E:        
2,400   5.000%, 7/01/32   7/24 at 100.00 AA- 2,734,728
2,520   5.000%, 7/01/33   7/24 at 100.00 AA- 2,862,266
830   5.000%, 7/01/34   7/24 at 100.00 AA- 939,236
1,670   Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health, Inc, Series 2009, 5.125%, 10/01/26   10/19 at 100.00 A+ 1,690,057
43,950   Total Health Care       47,236,369
    Housing/Multifamily – 1.1%        
2,500   Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2019B-1, 3.300%, 11/15/39   11/28 at 100.00 AAA 2,570,475
    Long-Term Care – 1.9%        
1,100   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Duncaster, Inc, Series 2014A, 5.000%, 8/01/44   8/24 at 100.00 BBB 1,169,135
570   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Healthcare Facility Expansion Church Home of Hartford Inc Project, Series 2016A, 5.000%, 9/01/46, 144A   9/26 at 100.00 BB 602,923
2,705   Connecticut Housing Finance Authority, State Supported Special Obligation Bonds, Refunding Series 2010-16, 5.000%, 6/15/30   6/20 at 100.00 A1 2,792,399
4,375   Total Long-Term Care       4,564,457
      60
Nuveen Connecticut Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General – 23.2%        
    Bridgeport, Connecticut, General Obligation Bonds, Series 2014A:        
$600   5.000%, 7/01/32  –  AGM Insured   7/24 at 100.00 AA $671,706
1,000   5.000%, 7/01/33  –  AGM Insured   7/24 at 100.00 AA 1,117,450
1,065   5.000%, 7/01/34  –  AGM Insured   7/24 at 100.00 AA 1,186,751
2,000   Bridgeport, Connecticut, General Obligation Bonds, Series 2016D, 5.000%, 8/15/41  –  AGM Insured   8/26 at 100.00 AA 2,270,040
2,425   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut State University System, Series 2016P-1, 5.000%, 11/01/28   11/26 at 100.00 A1 2,923,507
1,325   Connecticut State, General Obligation Bonds, Refunding Series 2018C, 5.000%, 6/15/38   6/28 at 100.00 A1 1,574,789
1,000   Connecticut State, General Obligation Bonds, Series 2011D, 5.000%, 11/01/31   11/21 at 100.00 AA 1,069,490
2,400   Connecticut State, General Obligation Bonds, Series 2014A, 5.000%, 3/01/31   3/24 at 100.00 A1 2,708,112
3,000   Connecticut State, General Obligation Bonds, Series 2014F, 5.000%, 11/15/34   11/24 at 100.00 A1 3,409,320
2,370   Connecticut State, General Obligation Bonds, Series 2015F, 5.000%, 11/15/34   11/25 at 100.00 A1 2,745,360
    Connecticut State, General Obligation Bonds, Series 2017A:        
1,000   5.000%, 4/15/34   4/27 at 100.00 A1 1,181,270
3,270   5.000%, 4/15/35   4/27 at 100.00 A1 3,850,686
1,510   Connecticut State, General Obligation Bonds, Series 2018A, 5.000%, 4/15/37   4/28 at 100.00 A1 1,795,526
    Connecticut State, General Obligation Bonds, Series 2019A:        
1,150   5.000%, 4/15/36   4/29 at 100.00 A1 1,392,029
1,450   4.000%, 4/15/37 (UB) (4)   4/29 at 100.00 A1 1,601,975
650   5.000%, 4/15/39 (UB) (4)   4/29 at 100.00 A1 779,474
500   Hamden, Connecticut, General Obligation Bonds, Series 2016, 5.000%, 8/15/33  –  BAM Insured   8/24 at 100.00 AA 568,485
1,000   New Haven, Connecticut, General Obligation Bonds, Refunding Series 2016A, 5.000%, 8/15/36  –  AGM Insured   8/26 at 100.00 AA 1,151,220
    New Haven, Connecticut, General Obligation Bonds, Series 2014A:        
810   5.000%, 8/01/30  –  AGM Insured   8/24 at 100.00 AA 909,922
700   5.000%, 8/01/31  –  AGM Insured   8/24 at 100.00 AA 783,237
850   5.000%, 8/01/32  –  AGM Insured   8/24 at 100.00 AA 949,067
850   5.000%, 8/01/34  –  AGM Insured   8/24 at 100.00 AA 947,180
    New Haven, Connecticut, General Obligation Bonds, Series 2015:        
795   5.000%, 9/01/32  –  AGM Insured   9/25 at 100.00 AA 903,486
1,620   5.000%, 9/01/33  –  AGM Insured   9/25 at 100.00 AA 1,838,765
500   5.000%, 9/01/35  –  AGM Insured   9/25 at 100.00 AA 567,335
485   North Haven, Connecticut, General Obligation Bonds, Series 2006, 5.000%, 7/15/24   No Opt. Call Aa1 568,493
600   Stratford, Connecticut, General Obligation Bonds, Series 2014, 5.000%, 12/15/34   12/22 at 100.00 AA- 661,218
2,370   Stratford, Connecticut, General Obligation Bonds, Series 2017, 4.000%, 1/01/39  –  BAM Insured   1/27 at 100.00 AA 2,573,370
1,035   The Metropolitan District Hartford County, Connecticut General Obligation Bonds, Series 2018, 5.000%, 7/15/35   7/28 at 100.00 AA 1,254,161
61      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    Waterbury, Connecticut, General Obligation Bonds, Lot A Series 2015:        
$555   5.000%, 8/01/30  –  BAM Insured   8/25 at 100.00 AA $652,425
485   5.000%, 8/01/31  –  BAM Insured   8/25 at 100.00 AA 569,322
765   5.000%, 8/01/32  –  BAM Insured   8/25 at 100.00 AA 895,777
555   5.000%, 8/01/33  –  BAM Insured   8/25 at 100.00 AA 648,762
555   5.000%, 8/01/34  –  BAM Insured   8/25 at 100.00 AA 647,319
3,000   Waterbury, Connecticut, General Obligation Bonds, Series 2012A, 5.000%, 8/01/30   8/22 at 100.00 AA- 3,281,790
2,000   West Haven, Connecticut, General Obligation Bonds, Series 2012, 5.000%, 8/01/24  –  AGM Insured   8/22 at 100.00 AA 2,183,900
    Williamson & Johnson Counties Community Unit School District 2, Marion, Illinois, General Obligation Bonds, Series 2011:        
1,280   7.000%, 12/01/24  –  AGM Insured   12/20 at 100.00 AA 1,369,766
1,415   7.000%, 12/01/25  –  AGM Insured   12/20 at 100.00 AA 1,514,786
48,940   Total Tax Obligation/General       55,717,271
    Tax Obligation/Limited – 14.2%        
760   Connecticut Higher Education Supplemental Loan Authority, Revenue Bonds, CHELSA Loan Program, Series 2010A, 4.000%, 11/15/30   11/20 at 100.00 A1 777,579
2,500   Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2013A, 5.000%, 10/01/33   10/23 at 100.00 A+ 2,791,275
1,390   Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2015A, 5.000%, 8/01/33   8/25 at 100.00 A+ 1,603,963
    Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2016A:        
1,000   5.000%, 9/01/32   9/26 at 100.00 A+ 1,179,460
3,500   5.000%, 9/01/33   9/26 at 100.00 A+ 4,117,120
    Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2018A:        
2,000   5.000%, 1/01/37   1/28 at 100.00 A+ 2,371,240
2,000   5.000%, 1/01/38   1/28 at 100.00 A+ 2,364,420
    Government of Guam, Business Privilege Tax Bonds, Series 2011A:        
2,400   5.250%, 1/01/36   1/22 at 100.00 BB 2,521,944
600   5.125%, 1/01/42   1/22 at 100.00 BB 625,686
2,720   Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue Bonds, Harbor Point Project, Refunding Series 2017, 5.000%, 4/01/39, 144A   4/27 at 100.00 N/R 3,029,917
1,400   Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1, 4.550%, 7/01/40   7/28 at 100.00 N/R 1,394,316
2,500   University of Connecticut, General Obligation Bonds, Series 2013A, 5.000%, 8/15/32   8/23 at 100.00 A+ 2,771,550
740   University of Connecticut, General Obligation Bonds, Series 2014A, 5.000%, 2/15/31   2/24 at 100.00 A+ 832,855
1,590   University of Connecticut, General Obligation Bonds, Series 2015A, 5.000%, 2/15/34   2/25 at 100.00 A+ 1,816,797
3,000   University of Connecticut, General Obligation Bonds, Series 2017A, 5.000%, 1/15/36   1/27 at 100.00 A+ 3,532,890
      62
Nuveen Connecticut Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    University of Connecticut, General Obligation Bonds, Series 2019A:        
$1,000   5.000%, 11/01/36   11/28 at 100.00 A+ $1,209,760
1,000   4.000%, 11/01/38   11/28 at 100.00 A+ 1,099,310
30,100   Total Tax Obligation/Limited       34,040,082
    Transportation – 0.6%        
1,250   Connecticut Airport Authority, Connecticut, Customer Facility Charge Revenue Bonds, Ground Transportation Center Project, Series 2019A, 5.000%, 7/01/49 (AMT)   7/29 at 100.00 A- 1,477,862
    U.S. Guaranteed – 10.3% (5)        
    Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield University, Series 2010-O:        
1,705   5.000%, 7/01/35 (Pre-refunded 7/01/20)   7/20 at 100.00 A- 1,770,626
1,000   5.000%, 7/01/40 (Pre-refunded 7/01/20)   7/20 at 100.00 A- 1,038,490
1,555   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Lawrence and Memorial Hospitals, Series 2011F, 5.000%, 7/01/36 (Pre-refunded 7/01/21)   7/21 at 100.00 N/R 1,662,793
135   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Lutheran General Healthcare System - Parkside Lodges Projects, Series 1989, 7.375%, 7/01/19 (ETM)   No Opt. Call N/R 135,594
    Connecticut Health and Educational Facilities Authority, Revenue Bonds, Middlesex Hospital, Series 2011N:        
495   5.000%, 7/01/25 (Pre-refunded 7/01/21)   7/21 at 100.00 A3 530,892
500   5.000%, 7/01/27 (Pre-refunded 7/01/21)   7/21 at 100.00 A3 536,255
    Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University, Series 2011G:        
1,000   5.125%, 7/01/26 (Pre-refunded 7/01/21)   7/21 at 100.00 A 1,075,060
2,500   5.625%, 7/01/41 (Pre-refunded 7/01/21)   7/21 at 100.00 A 2,713,100
2,000   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Wesleyan University, Series 2010G, 5.000%, 7/01/39 (Pre-refunded 7/01/20)   7/20 at 100.00 AA 2,076,980
1,305   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Hospital, Series 2010M, 5.500%, 7/01/40 (Pre-refunded 7/01/20)   7/20 at 100.00 Aa3 1,360,724
2,350   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2010, 5.625%, 7/01/40 (Pre-refunded 7/01/20)   7/20 at 100.00 A- 2,454,246
1,200   Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2009A, 5.750%, 12/01/34 (Pre-refunded 12/01/19)   12/19 at 100.00 N/R 1,225,968
4,130   South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Twentieth-Sixth Series, 2011, 5.000%, 8/01/41 (Pre-refunded 8/01/21)   8/21 at 100.00 AA- 4,445,862
1,720   Stamford, Connecticut, Special Obligation Revenue Bonds, Mill River Corridor Project, Series 2011aA, 7.000%, 4/01/41 (Pre-refunded 4/01/21)   4/21 at 100.00 N/R 1,888,319
1,725   Williamson & Johnson Counties Community Unit School District 2, Marion, Illinois, General Obligation Bonds, Series 2011, 7.000%, 12/01/27 (Pre-refunded 12/01/20)  –  AGM Insured   12/20 at 100.00 AA 1,863,621
23,320   Total U.S. Guaranteed       24,778,530
63      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities – 2.7%        
$415   Connecticut Municipal Electric Energy Cooperative, Power Supply System Revenue Bonds, Series 2013A, 5.000%, 1/01/38   1/23 at 100.00 Aa3 $457,533
3,170   Connecticut Transmission Municipal Electric Energy Cooperative, Transmission System Revenue Bonds, Series 2012A, 5.000%, 1/01/42   1/22 at 100.00 Aa3 3,417,101
1,585   Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator Lisbon Project, Series 1993A, 5.500%, 1/01/20 (AMT)   7/19 at 100.00 A- 1,608,934
1,000   Guam Power Authority, Revenue Bonds, Series 2014A, 5.000%, 10/01/39   10/24 at 100.00 AA 1,123,790
6,170   Total Utilities       6,607,358
    Water and Sewer – 10.5%        
    Greater New Haven Water Pollution Control Authority, Connecticut, Regional Wastewater System Revenue Bonds, Refunding Series 2014B:        
500   5.000%, 8/15/30   8/24 at 100.00 AA 575,730
1,000   5.000%, 8/15/32   8/24 at 100.00 AA 1,147,690
60   Greater New Haven Water Pollution Control Authority, Connecticut, Regional Wastewater System Revenue Bonds, Series 2005A, 5.000%, 8/15/35  –  NPFG Insured   7/19 at 100.00 AA 60,168
1,040   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/40   7/27 at 100.00 A- 1,167,993
1,000   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 1/01/46   7/26 at 100.00 A- 1,106,750
    Hartford County Metropolitan District, Connecticut, Clean Water Project Revenue Bonds, Refunding Green Bond Series 2014A:        
2,250   5.000%, 11/01/35   11/24 at 100.00 Aa2 2,568,127
4,885   5.000%, 11/01/42   11/24 at 100.00 Aa2 5,518,682
2,500   Hartford County Metropolitan District, Connecticut, Clean Water Project Revenue Bonds, Series 2013A, 5.000%, 4/01/39   4/22 at 100.00 Aa2 2,702,350
1,000   New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Fiscal 2011 Series EE, 5.375%, 6/15/43   12/20 at 100.00 AA+ 1,057,870
    South Central Connecticut Regional Water Authority Water System Revenue Bonds, Thirtieth Series 2014A:        
1,010   5.000%, 8/01/39   8/24 at 100.00 AA- 1,144,179
1,055   5.000%, 8/01/44   8/24 at 100.00 AA- 1,192,161
3,000   South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Refunding Thirty-third Series 2017B-1, 5.000%, 8/01/41   8/28 at 100.00 AA- 3,611,520
500   South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Twenty-Eighth Series 2013A, 5.000%, 8/01/38   8/22 at 100.00 AA- 546,415
2,000   South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Twenty-Seventh Series 2012, 5.000%, 8/01/30  –  FGIC Insured   8/22 at 100.00 AA- 2,196,900
500   Stamford, Connecticut, Water Pollution Control System and Facility Revenue Bonds, Series 2013A, 5.250%, 8/15/43   8/23 at 100.00 AA+ 568,745
22,300   Total Water and Sewer       25,165,280
$204,815   Total Long-Term Investments (cost $215,507,571)       226,606,772
    
      64
Nuveen Connecticut Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    SHORT-TERM INVESTMENTS – 1.3%        
    MUNICIPAL BONDS – 1.3%        
    Health Care – 0.8%        
$2,010   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health Issue, Variable Rate Demand Obligations, Series 2014D, 1.400%, 7/01/48 (6)   8/19 at 100.00 A-1+ $2,010,000
    Housing/Multifamily – 0.5%        
1,175   Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Variable Rate Demand Obligations, Series 2015C-3, 1.420%, 11/15/45 (6)   8/19 at 100.00 A-1+ 1,175,000
$3,185   Total Short-Term Investments (cost $3,185,000)       3,185,000
    Total Investments (cost $218,692,571) – 95.6%       229,791,772
    Floating Rate Obligations – (0.7)%       (1,570,000)
    Other Assets Less Liabilities – 5.1%       12,232,420
    Net Assets – 100%       $240,454,192
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
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. A three-tier hierarchy 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 the reporting entity’s own 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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $226,606,772 $ — $226,606,772
Short-Term Investments:        
Municipal Bonds  — 3,185,000  — 3,185,000
Total $ — $229,791,772 $ — $229,791,772
65      
(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) 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) 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  
UB Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 - Portfolio Securities and Investments in Derivatives. Inverse Floating Rate Securities for more information.  
      66
Nuveen Massachusetts Municipal Bond Fund
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 95.6%        
    MUNICIPAL BONDS – 95.6%        
    Education and Civic Organizations – 25.8%        
    Massachusetts Development Finance Agency, Revenue Bonds, Berklee College of Music, Series 2016:        
$1,260   5.000%, 10/01/39   10/26 at 100.00 A $1,482,352
5,165   5.000%, 10/01/46   10/26 at 100.00 A 6,037,162
1,500   Massachusetts Development Finance Agency, Revenue Bonds, Boston College, Series 2010R-1, 5.000%, 7/01/40   7/20 at 100.00 AA- 1,551,990
3,000   Massachusetts Development Finance Agency, Revenue Bonds, Boston College, Series 2013S, 5.000%, 7/01/32   7/23 at 100.00 AA- 3,375,540
    Massachusetts Development Finance Agency, Revenue Bonds, Boston College, Series 2017T:        
2,350   5.000%, 7/01/39   7/27 at 100.00 AA- 2,810,529
1,020   5.000%, 7/01/42   7/27 at 100.00 AA- 1,214,198
5,000   Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2013X, 5.000%, 10/01/48   10/23 at 100.00 Aa3 5,568,250
    Massachusetts Development Finance Agency, Revenue Bonds, Brandeis University Issue, Series 2018R:        
1,195   5.000%, 10/01/37   10/28 at 100.00 A+ 1,453,717
840   5.000%, 10/01/38   10/28 at 100.00 A+ 1,019,172
1,000   5.000%, 10/01/39   10/28 at 100.00 A+ 1,208,450
3,000   Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2015, 5.000%, 1/01/35   1/25 at 100.00 BBB+ 3,350,760
    Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2016A:        
1,510   5.250%, 1/01/42   1/27 at 100.00 BBB+ 1,740,411
1,500   5.000%, 1/01/47   1/27 at 100.00 BBB+ 1,696,545
    Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2017A:        
1,600   5.000%, 1/01/37   1/28 at 100.00 BBB+ 1,864,848
6,020   5.000%, 1/01/40   1/28 at 100.00 BBB+ 6,954,003
2,000   Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2018, 5.000%, 1/01/43   1/28 at 100.00 BBB+ 2,299,220
2,500   Massachusetts Development Finance Agency, Revenue Bonds, Emmanuel College, Series 2016A, 5.000%, 10/01/43   10/26 at 100.00 Baa2 2,810,075
2,055   Massachusetts Development Finance Agency, Revenue Bonds, Lesley University, Series 2016, 5.000%, 7/01/36   7/26 at 100.00 A- 2,387,704
67      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    Massachusetts Development Finance Agency, Revenue Bonds, MCPHS University Issue, Series 2015H:        
$550   3.500%, 7/01/35   7/25 at 100.00 AA $569,883
235   5.000%, 7/01/37   7/25 at 100.00 AA 270,974
700   Massachusetts Development Finance Agency, Revenue Bonds, Merrimack College, Series 2017, 5.000%, 7/01/37   7/26 at 100.00 BBB- 781,543
    Massachusetts Development Finance Agency, Revenue Bonds, Northeastern University, Series 2014A:        
1,125   5.000%, 3/01/39   3/24 at 100.00 A1 1,273,478
1,850   5.000%, 3/01/44   3/24 at 100.00 A1 2,085,745
1,550   Massachusetts Development Finance Agency, Revenue Bonds, Phillips Academy , Series 2014A, 5.000%, 9/01/43   9/23 at 100.00 AAA 1,730,683
1,000   Massachusetts Development Finance Agency, Revenue Bonds, Simmons College, Series 2013J, 5.250%, 10/01/39   10/23 at 100.00 BBB+ 1,106,760
2,495   Massachusetts Development Finance Agency, Revenue Bonds, Sterling and Francine Clark Art Institute, Series 2015, 5.000%, 7/01/33   7/25 at 100.00 AA 2,933,671
2,415   Massachusetts Development Finance Agency, Revenue Bonds, Sterling and Francine Clark Art Institute, Series 2016, 4.000%, 7/01/41   1/27 at 100.00 AA 2,617,643
610   Massachusetts Development Finance Agency, Revenue Bonds, Suffolk University, Refunding Series 2019, 5.000%, 7/01/37   7/29 at 100.00 Baa2 722,588
1,500   Massachusetts Development Finance Agency, Revenue Bonds, The Broad Institute, Series 2017, 5.000%, 4/01/36   10/27 at 100.00 AA- 1,824,390
875   Massachusetts Development Finance Agency, Revenue Bonds, Tufts University, Series 2015Q, 5.000%, 8/15/38   8/25 at 100.00 Aa2 1,013,145
1,000   Massachusetts Development Finance Agency, Revenue Bonds, Wheaton College, Series 2017H, 5.000%, 1/01/37   1/28 at 100.00 A3 1,178,880
    Massachusetts Development Finance Agency, Revenue Bonds, Woods Hole Oceanographic Institution, Series 2018:        
1,000   5.000%, 6/01/37   6/28 at 100.00 AA- 1,216,960
1,000   5.000%, 6/01/38   6/28 at 100.00 AA- 1,213,790
2,400   Massachusetts Development Finance Agency, Revenue Bonds, Worcester Polytechnic Institute, Series 2012, 5.000%, 9/01/50   9/22 at 100.00 A1 2,596,896
    Massachusetts Development Finance Agency, Revenue Bonds, Worcester Polytechnic Institute, Series 2017B:        
5,000   5.000%, 9/01/42   9/27 at 100.00 A1 5,870,950
5,000   5.000%, 9/01/45   9/27 at 100.00 A1 5,859,950
    Massachusetts Development Finance Authority, Revenue Bonds, Suffolk University, Refunding Series 2017:        
700   5.000%, 7/01/35   7/27 at 100.00 Baa2 811,825
500   5.000%, 7/01/36   7/27 at 100.00 Baa2 577,835
2,345   Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation, Refunding Series 2016, 5.000%, 1/01/36   7/26 at 100.00 AA- 2,759,807
      68
Nuveen Massachusetts Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
$2,100   Massachusetts Development Finance Authority, Revenue Bonds, WGBH Educational Foundation, Series 2002A, 5.750%, 1/01/42  –  AMBAC Insured   No Opt. Call AA- $3,022,236
    Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Issue K, Series 2013:        
2,500   5.000%, 7/01/20 (AMT)   No Opt. Call AA 2,587,200
1,355   5.250%, 7/01/29 (AMT)   7/22 at 100.00 AA 1,461,096
    Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Issue K, Series 2017A:        
1,480   5.000%, 7/01/24 (AMT)   No Opt. Call AA 1,698,596
1,150   5.000%, 7/01/26 (AMT)   No Opt. Call AA 1,372,077
565   Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Series 2009I, 6.000%, 1/01/28   1/20 at 100.00 AA 576,119
580   Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Series 2011J, 5.625%, 7/01/33 (AMT)   7/21 at 100.00 AA 610,398
1,490   Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Series 2016J, 5.000%, 7/01/24 (AMT)   No Opt. Call AA 1,710,073
1,000   Massachusetts Educational Financing Authority, Student Loan Revenue Bonds, Issue I Series 2014, 5.000%, 1/01/27 (AMT)   1/25 at 100.00 AA 1,149,660
505   Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Suffolk University, Refunding Series 2009A, 5.750%, 7/01/39   7/19 at 100.00 Baa2 506,611
7,500   University of Massachusetts Building Authority, Project Revenue Bonds, Senior Lien Series 2013-1, 5.000%, 11/01/39   11/22 at 100.00 Aa2 8,232,825
2,500   University of Massachusetts Building Authority, Project Revenue Bonds, Senior Series 2015-1, 5.000%, 11/01/40   11/25 at 100.00 Aa2 2,929,100
    University of Massachusetts Building Authority, Revenue Bonds, Refunding Senior Series 2019-1:        
1,000   5.000%, 5/01/38   5/29 at 100.00 Aa2 1,241,440
2,000   5.000%, 5/01/39   5/29 at 100.00 Aa2 2,476,260
102,090   Total Education and Civic Organizations       117,416,013
    Health Care – 22.8%        
5,915   Massachusetts Development Finance Agency Revenue Bonds, Children's Hospital Issue, Series 2014P, 5.000%, 10/01/46   10/24 at 100.00 AA 6,642,900
2,160   Massachusetts Development Finance Agency Revenue Bonds, South Shore Hospital, Series 2016I, 5.000%, 7/01/41   7/26 at 100.00 A- 2,449,051
2,340   Massachusetts Development Finance Agency, Hospital Revenue Bonds, Cape Cod Healthcare Obligated Group, Series 2013, 5.250%, 11/15/41   11/23 at 100.00 A+ 2,588,040
6,000   Massachusetts Development Finance Agency, Revenue Bonds, Atrius Health Issue, Series 2019A, 5.000%, 6/01/39   6/29 at 100.00 BBB 7,079,700
3,200   Massachusetts Development Finance Agency, Revenue Bonds, Baystate Medical Center Issue, Series 2014N, 5.000%, 7/01/44   7/24 at 100.00 A+ 3,514,880
69      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    Massachusetts Development Finance Agency, Revenue Bonds, Berkshire Health Systems, Series 2012G:        
$3,005   5.000%, 10/01/28   10/21 at 100.00 AA- $3,219,166
500   5.000%, 10/01/30   10/21 at 100.00 AA- 535,045
3,905   Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green Bonds, Series 2015D, 5.000%, 7/01/44   7/25 at 100.00 BBB 4,315,025
    Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2016E:        
2,000   5.000%, 7/01/32   7/26 at 100.00 BBB 2,302,900
1,625   5.000%, 7/01/36   7/26 at 100.00 BBB 1,850,778
    Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Refunding Series 2016-I:        
3,800   5.000%, 7/01/21   No Opt. Call A- 4,037,728
1,675   5.000%, 7/01/30   7/26 at 100.00 A- 1,956,450
1,500   5.000%, 7/01/37   7/26 at 100.00 A- 1,714,950
1,935   5.000%, 7/01/38   7/26 at 100.00 A- 2,207,642
    Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2015H-1:        
900   5.000%, 7/01/30   7/25 at 100.00 A- 1,032,471
1,000   5.000%, 7/01/32   7/25 at 100.00 A- 1,138,930
500   5.000%, 7/01/33   7/25 at 100.00 A- 567,935
4,100   Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2, 5.000%, 7/01/48   7/28 at 100.00 A- 4,735,090
    Massachusetts Development Finance Agency, Revenue Bonds, Dana-Farber Cancer Institute Issue, Series 2016N:        
1,925   5.000%, 12/01/41   12/26 at 100.00 A1 2,233,039
6,100   5.000%, 12/01/46   12/26 at 100.00 A1 7,051,173
    Massachusetts Development Finance Agency, Revenue Bonds, Lahey Health System Obligated Group Issue, Series 2015F:        
2,645   5.000%, 8/15/35   8/25 at 100.00 A 2,994,325
5,325   5.000%, 8/15/45   8/25 at 100.00 A 5,929,015
1,320   Massachusetts Development Finance Agency, Revenue Bonds, Milford Regional Medical Center Issue, Series 2014F, 5.750%, 7/15/43   7/23 at 100.00 BB+ 1,437,995
    Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System Issue, Series 2016Q:        
1,250   4.000%, 7/01/41   7/26 at 100.00 AA- 1,354,475
2,250   5.000%, 7/01/41   7/26 at 100.00 AA- 2,611,957
4,950   5.000%, 7/01/47   7/26 at 100.00 AA- 5,721,160
6,330   Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System Issue, Series 2017S-1, 4.000%, 7/01/41   1/28 at 100.00 AA- 6,938,629
2,500   Massachusetts Development Finance Agency, Revenue Bonds, Partners HealthCare System, Series 2014M-4, 5.000%, 7/01/44   7/23 at 100.00 AA- 2,758,025
      70
Nuveen Massachusetts Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$1,000   Massachusetts Development Finance Agency, Revenue Bonds, Southcoast Health System Obligated Group Issue, Series 2013F, 5.000%, 7/01/37   7/23 at 100.00 BBB+ $1,095,600
3,800   Massachusetts Development Finance Agency, Revenue Bonds, The Lowell General Hospital, Series 2013G, 5.000%, 7/01/44   7/23 at 100.00 BBB+ 4,110,536
890   Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care Obligated Group Issue, Series 2017K, 5.000%, 7/01/38   1/27 at 100.00 A- 1,016,834
    Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care Obligated Group Issue, Series 2017L:        
400   3.625%, 7/01/37   7/27 at 100.00 A- 409,244
1,855   5.000%, 7/01/44   7/27 at 100.00 A- 2,113,494
555   Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care, Series 2016I, 5.000%, 7/01/36   7/26 at 100.00 A- 636,330
500   Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A, 5.000%, 7/01/44   1/29 at 100.00 BBB+ 582,205
    Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Milford Regional Medical Center, Series 2007E:        
2,040   5.000%, 7/15/32   7/19 at 100.00 BB+ 2,058,360
1,000   5.000%, 7/15/37   7/19 at 100.00 BB+ 1,008,980
92,695   Total Health Care       103,950,057
    Housing/Multifamily – 0.3%        
1,525   Boston Housing Authority, Massachusetts, Capital Program Revenue Bonds, Series 2008, 5.000%, 4/01/20  –  AGM Insured   7/19 at 100.00 AA 1,529,301
    Long-Term Care – 1.1%        
    Massachusetts Development Finance Agency Revenue Refunding Bonds, NewBridge on the Charles, Inc Issue, Series 2017:        
1,910   4.125%, 10/01/42, 144A   10/22 at 105.00 BB+ 1,953,873
275   5.000%, 10/01/47, 144A   10/22 at 105.00 BB+ 299,530
560   Massachusetts Development Finance Agency, Revenue Bonds, Berkshire Retirement Community Lennox, Series 2015, 5.000%, 7/01/31   7/25 at 100.00 A+ 637,017
240   Massachusetts Development Finance Agency, Revenue Bonds, Carleton-Willard Village, Series 2010, 5.625%, 12/01/30   12/19 at 100.00 A- 244,416
    Massachusetts Development Finance Agency, Revenue Bonds, Loomis Communities, Series 2013A:        
240   5.250%, 1/01/26   1/23 at 100.00 BBB 264,504
790   5.750%, 1/01/28   1/23 at 100.00 BBB 886,040
400   Massachusetts Development Finance Agency, Revenue Bonds, Orchard Cove, Inc, Refunding Series 2019, 5.000%, 10/01/39   10/24 at 104.00 BBB+ 449,720
4,415   Total Long-Term Care       4,735,100
    Tax Obligation/General – 11.1%        
1,045   Boston, Massachusetts, General Obligation Bonds, Series 2013A, 4.000%, 3/01/25   3/23 at 100.00 AAA 1,146,595
5,725   Boston, Massachusetts, General Obligation Bonds, Series 2018A, 5.000%, 5/01/36   5/28 at 100.00 AAA 7,108,274
71      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$1,750   Hudson, Massachusetts, General Obligation Bonds, Municipal Purpose Loan Series 2011, 5.000%, 2/15/32   2/20 at 100.00 AA $1,794,748
640   Massachusetts Bay Transportation Authority, General Obligation Transportation System Bonds, Series 1991A, 7.000%, 3/01/21   No Opt. Call Aa1 684,294
3,000   Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2015C, 5.000%, 7/01/45   7/25 at 100.00 Aa1 3,462,330
1,190   Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2016A, 5.000%, 3/01/46   3/24 at 100.00 Aa1 1,343,355
3,000   Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2017A, 5.000%, 4/01/42   4/27 at 100.00 Aa1 3,539,550
5,000   Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2017F, 5.000%, 11/01/46   11/27 at 100.00 Aa1 5,931,350
    Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2018A:        
3,750   5.000%, 1/01/42   1/28 at 100.00 Aa1 4,480,987
2,490   5.000%, 1/01/45   1/28 at 100.00 Aa1 2,966,711
950   5.000%, 1/01/46   1/28 at 100.00 Aa1 1,131,004
11,110   Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2019A, 5.250%, 1/01/44   1/29 at 100.00 Aa1 13,808,286
1,000   North Reading, Massachusetts, General Obligation Bonds, Municipal Purpose Loan Series 2012, 5.000%, 5/15/35   5/22 at 100.00 Aa2 1,093,550
2,000   Quincy, Massachusetts, General Obligation Bonds, State Qualified Municipal Purpose Loan Series 2011, 5.125%, 12/01/33   12/20 at 100.00 Aa2 2,101,560
42,650   Total Tax Obligation/General       50,592,594
    Tax Obligation/Limited – 16.7%        
    Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D:        
1,355   5.000%, 11/15/27   11/25 at 100.00 BB 1,535,635
1,000   5.000%, 11/15/39   11/25 at 100.00 BB 1,093,390
2,505   Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.125%, 1/01/42   1/22 at 100.00 BB 2,612,239
870   Government of Guam, Business Privilege Tax Bonds, Series 2012B-1, 5.000%, 1/01/37   1/22 at 100.00 BB 906,784
    Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A:        
1,160   5.000%, 12/01/31   12/26 at 100.00 BB 1,307,007
2,000   5.000%, 12/01/46   12/26 at 100.00 BB 2,192,320
1,010   Martha's Vineyard Land Bank, Massachusetts, Revenue Bonds, Refunding Green Series 2014, 5.000%, 5/01/33  –  BAM Insured   11/24 at 100.00 AA 1,172,327
500   Martha's Vineyard Land Bank, Massachusetts, Revenue Bonds, Refunding Green Series 2017, 5.000%, 5/01/36   5/27 at 100.00 AA 597,010
6,345   Massachusetts Bay Transportation Authority, Assessment Bonds, Series 2012A, 5.000%, 7/01/41   7/22 at 100.00 AAA 6,929,311
2,500   Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Lien Series 2015A, 5.000%, 7/01/45   7/25 at 100.00 AA 2,886,825
5,570   Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Subordinated Sustainability Series 2017A-1, 5.000%, 7/01/41   7/27 at 100.00 AA 6,656,874
      72
Nuveen Massachusetts Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$1,890   Massachusetts College Building Authority, Project Revenue Bonds, Green Series 2014B, 5.000%, 5/01/44   5/24 at 100.00 Aa2 $2,117,235
    Massachusetts College Building Authority, Project Revenue Bonds, Refunding Series 2003B:        
2,025   5.375%, 5/01/22  –  SYNCORA GTY Insured   No Opt. Call Aa2 2,250,545
1,125   5.375%, 5/01/23  –  SYNCORA GTY Insured   No Opt. Call Aa2 1,291,826
1,310   Massachusetts College Building Authority, Revenue Bonds, Refunding Series 2011A, 5.000%, 5/01/24   No Opt. Call Aa2 1,532,346
1,145   Massachusetts College Building Authority, Revenue Bonds, Refunding Series 2012B, 5.000%, 5/01/37   5/22 at 100.00 Aa2 1,236,508
1,650   Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior Refunding Series 2015C, 5.000%, 8/15/37   8/25 at 100.00 AAA 1,932,843
3,125   Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Senior Series 2013A, 5.000%, 5/15/38   5/23 at 100.00 AAA 3,471,781
1,650   Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Series 2011B, 5.000%, 10/15/41   10/21 at 100.00 AAA 1,767,926
7,000   Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Subordinated Series 2018A, 5.250%, 2/15/48   2/28 at 100.00 AA+ 8,515,780
1,270   Massachusetts State, Federal Highway Grant Anticipation Notes, Accelerated Bridge Program, Series 2017A, 5.000%, 6/01/42   6/27 at 100.00 AA+ 1,510,640
1,130   Massachusetts State, Special Obligation Dedicated Tax Revenue Bonds, Refunding Series 2005, 5.000%, 1/01/20  –  FGIC Insured   No Opt. Call A1 1,153,402
2,800   Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement & Accelerated Bridge Program, Series 2016A, 5.000%, 6/01/41   6/26 at 100.00 AA+ 3,285,156
4,805   Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement & Accelerated Bridge Programs, Series 2017A, 5.000%, 6/01/43   12/27 at 100.00 AA+ 5,755,093
4,000   Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement & Accelerated Bridge Programs, Series 2018A, 5.250%, 6/01/43   6/28 at 100.00 AA+ 4,920,320
800   Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, Series 2012A, 4.000%, 6/01/35   6/21 at 100.00 AA+ 830,864
3,500   Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, Series 2015A, 5.000%, 6/01/45   6/25 at 100.00 AA+ 4,045,475
2,677   Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1, 4.550%, 7/01/40   7/28 at 100.00 N/R 2,666,131
66,717   Total Tax Obligation/Limited       76,173,593
    Transportation – 4.1%        
1,840   Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Refunding Senior Lien Series 2010B, 5.000%, 1/01/32   1/20 at 100.00 A+ 1,874,886
1,500   Massachusetts Port Authority, Revenue Bonds, Refunding Series 2017A, 5.000%, 7/01/42 (AMT)   7/27 at 100.00 AA 1,760,325
2,000   Massachusetts Port Authority, Revenue Bonds, Series 2010A, 5.000%, 7/01/30   7/20 at 100.00 AA 2,073,900
2,750   Massachusetts Port Authority, Revenue Bonds, Series 2012B, 5.000%, 7/01/32   7/22 at 100.00 AA 3,016,200
1,780   Massachusetts Port Authority, Revenue Bonds, Series 2014A, 5.000%, 7/01/34   7/24 at 100.00 AA 2,050,240
73      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
    Massachusetts Port Authority, Revenue Bonds, Series 2015A:        
$1,425   5.000%, 7/01/40   7/25 at 100.00 AA $1,652,088
2,000   5.000%, 7/01/45   7/25 at 100.00 AA 2,309,460
2,600   Massachusetts Port Authority, Special Facilities Revenue Bonds, BOSFUEL Corporation, Series 2007, 5.000%, 7/01/32  –  FGIC Insured (AMT)   7/19 at 100.00 A1 2,607,462
500   Massachusetts Port Authority, Special Facilities Revenue Bonds, ConRac Project, Series 2011A, 5.125%, 7/01/41   7/21 at 100.00 A 532,180
840   Metropolitan Boston Transit Parking Corporation, Massachusetts, Systemwide Parking Revenue Bonds, Senior Lien Series 2011, 5.000%, 7/01/41   7/21 at 100.00 A+ 889,022
17,235   Total Transportation       18,765,763
    U.S. Guaranteed – 5.8% (4)        
1,110   Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B, 5.375%, 11/01/39 (Pre-refunded 11/01/19)  –  AGM Insured   11/19 at 100.00 AA 1,127,882
1,000   Boston Water and Sewer Commission, Massachusetts, General Revenue Bonds, Refunding Senior Lien Series 2010A, 5.000%, 11/01/30 (Pre-refunded 11/01/19)   11/19 at 100.00 AA+ 1,014,590
1,435   Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 (Pre-refunded 10/01/20)  –  AGM Insured   10/20 at 100.00 AA 1,502,560
1,270   Massachusetts Development Finance Agency, Revenue Bonds, Bentley University, Series 2010, 5.000%, 7/01/28 (Pre-refunded 7/01/20)   7/20 at 100.00 A2 1,318,882
1,015   Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2008U-4, 5.600%, 10/01/35 (Pre-refunded 10/01/19)   10/19 at 100.00 Aa3 1,028,916
1,650   Massachusetts Development Finance Agency, Revenue Bonds, Boston University, Series 2009V-1, 5.000%, 10/01/29 (Pre-refunded 10/01/19)   10/19 at 100.00 Aa3 1,669,421
    Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2010A:        
910   5.000%, 1/01/40 (Pre-refunded 1/01/20)   1/20 at 100.00 N/R 928,901
90   5.000%, 1/01/40 (Pre-refunded 1/01/20)   1/20 at 100.00 BBB+ 91,869
3,000   Massachusetts Development Finance Agency, Revenue Bonds, Harvard University, Series 2010B-1, 5.000%, 10/15/40 (Pre-refunded 10/15/20)   10/20 at 100.00 AAA 3,146,190
933   Massachusetts Development Finance Agency, Revenue Bonds, North Hill Communities Issue, Series 2013A, 6.250%, 11/15/28 (Pre-refunded 11/15/23), 144A   11/23 at 100.00 N/R 1,090,061
1,000   Massachusetts Development Finance Agency, Revenue Bonds, SABIS International Charter School, Series 2009A, 8.000%, 4/15/39 (Pre-refunded 10/15/19)   10/19 at 100.00 BBB 1,023,730
1,000   Massachusetts Development Finance Agency, Revenue Bonds, Sterling and Francine Clark Art Institute, Series 2011A, 5.000%, 7/01/41 (Pre-refunded 7/01/21)   7/21 at 100.00 AA 1,072,510
3,500   Massachusetts Development Finance Agency, Revenue Bonds, The Broad Institute, Series 2011A, 5.250%, 4/01/37 (Pre-refunded 4/01/21)   4/21 at 100.00 Aa3 3,742,550
2,065   Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Baystate Medical Center, Series 2009I, 5.750%, 7/01/36 (Pre-refunded 7/01/19)   7/19 at 100.00 N/R 2,071,670
1,000   Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Cape Cod Healthcare Obligated Group, Series 2004D, 5.125%, 11/15/35 (Pre-refunded 11/15/19)  –  AGC Insured   11/19 at 100.00 AA 1,016,540
      74
Nuveen Massachusetts Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (4) (continued)        
$295   Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc, Series 1998A, 5.000%, 7/01/25 (Pre-refunded 7/01/21)  –  NPFG Insured   7/21 at 100.00 N/R $312,030
800   Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Harvard University, Tender Option Bond Trust 2016-XL0017, 11.062%, 12/15/34 (Pre-refunded 12/15/19), 144A (IF) (5)   12/19 at 100.00 AAA 846,152
1,000   Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Lesley University, Series 2009A, 5.000%, 7/01/29 (Pre-refunded 7/01/19)  –  AGC Insured   7/19 at 100.00 AA 1,002,710
995   Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Suffolk University, Refunding Series 2009A, 5.750%, 7/01/39 (Pre-refunded 7/01/19)   7/19 at 100.00 N/R 998,254
1,500   Springfield Water and Sewer Commission, Massachusetts, General Revenue Bonds, Refunding Series 2010B, 5.000%, 11/15/30 (Pre-refunded 11/15/20)  –  AGC Insured   11/20 at 100.00 AA 1,577,535
25,568   Total U.S. Guaranteed       26,582,953
    Utilities – 0.7%        
2,900   Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2004PP, 5.000%, 7/01/22  –  NPFG Insured   7/19 at 100.00 Baa2 2,933,350
    Water and Sewer – 7.2%        
590   Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B, 5.375%, 11/01/39  –  AGM Insured   11/19 at 100.00 AA 598,945
4,000   Boston Water and Sewer Commission, Massachusetts, General Revenue Bonds, Senior Series 2018A, 4.000%, 11/01/40   5/26 at 100.00 AA+ 4,367,560
3,475   Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 1/01/46   7/26 at 100.00 A- 3,845,956
2,700   Massachusetts Clean Water Trust, State Revolving Fund Bonds, Green 18 Series 2015, 5.000%, 2/01/45   2/24 at 100.00 AAA 3,046,167
60   Massachusetts Water Pollution Abatement Trust, Pooled Loan Program Bonds, Series 2003-9, 5.000%, 8/01/22   7/19 at 100.00 AAA 60,167
1,820   Massachusetts Water Resources Authority, General Revenue Bonds, Refunding Green Series 2016C, 5.000%, 8/01/40   8/26 at 100.00 AA+ 2,157,610
    Massachusetts Water Resources Authority, General Revenue Bonds, Refunding Series 2016B:        
2,005   4.000%, 8/01/40   8/26 at 100.00 AA+ 2,186,392
1,000   5.000%, 8/01/40   8/26 at 100.00 AA+ 1,185,500
1,000   Massachusetts Water Resources Authority, General Revenue Bonds, Series 2002J, 5.250%, 8/01/19  –  AGM Insured   No Opt. Call AA+ 1,006,170
    Massachusetts Water Resources Authority, General Revenue Bonds, Series 2017B:        
1,000   5.000%, 8/01/39   8/27 at 100.00 AA+ 1,204,180
1,870   5.000%, 8/01/42   8/27 at 100.00 AA+ 2,236,875
8,000   Massachusetts Water Resources Authority, General Revenue Bonds, Series 2019B, 5.000%, 8/01/44   8/29 at 100.00 AA+ 9,831,600
75      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
$1,010   Springfield Water and Sewer Commission, Massachusetts, General Revenue Bonds, Series 2017C, 5.000%, 4/15/33   4/27 at 100.00 AA $1,231,059
28,530   Total Water and Sewer       32,958,181
$384,325   Total Long-Term Investments (cost $413,849,278)       435,636,905
    
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    SHORT-TERM INVESTMENTS – 1.3%        
    MUNICIPAL BONDS – 1.3%        
    Transportation – 1.3%        
$6,100   Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Variable Rate Demand Obligations, Refunding Senior Lien Series 2010A, 1.450%, 1/01/37 (6)   8/19 at 100.00 A-1 $6,100,000
$6,100   Total Short-Term Investments (cost $6,100,000)       6,100,000
    Total Investments (cost $419,949,278) – 96.9%       441,736,905
    Other Assets Less Liabilities – 3.1%       13,962,643
    Net Assets – 100%       $455,699,548
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
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. A three-tier hierarchy 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 the reporting entity’s own 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).
      76
Nuveen Massachusetts Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $435,636,905 $ — $435,636,905
Short-Term Investments:        
Municipal Bonds  — 6,100,000  — 6,100,000
Total $ — $441,736,905 $ — $441,736,905
    
(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, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(6) 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  
IF Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust.  
77      
Nuveen New Jersey Municipal Bond Fund
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 95.6%        
    MUNICIPAL BONDS – 95.6%        
    Consumer Discretionary  – 0.2%        
    Middlesex County Improvement Authority, New Jersey, Senior Revenue Bonds, Heldrich Center Hotel/Conference Center Project, Series 2005A:        
$935   5.000%, 1/01/32   7/19 at 100.00 Caa2 $723,512
240   5.125%, 1/01/37   7/19 at 100.00 Caa2 174,207
1,175   Total Consumer Discretionary       897,719
    Consumer Staples  – 3.0%        
    Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A:        
4,005   4.000%, 6/01/37   6/28 at 100.00 A- 4,186,667
325   5.000%, 6/01/46   6/28 at 100.00 BBB+ 363,925
3,660   5.250%, 6/01/46   6/28 at 100.00 BBB+ 4,180,782
2,260   Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B, 5.000%, 6/01/46   6/28 at 100.00 BBB 2,416,934
10,250   Total Consumer Staples       11,148,308
    Education and Civic Organizations – 18.1%        
    Gloucester County Improvement Authority, New Jersey, Revenue Bonds, Rowan University Project, Series 2019:        
3,000   5.000%, 7/01/44   7/29 at 100.00 Aa2 3,706,290
2,000   4.000%, 7/01/48   7/29 at 100.00 Aa2 2,227,200
225   New Jersey Economic Development Authority, Charter School Revenue Bonds, Foundation Academy Charter School, Series 2018A, 5.000%, 7/01/38   1/28 at 100.00 BBB- 252,110
    New Jersey Economic Development Authority, Charter School Revenue Bonds, North Star Academy Charter School of Newark, Series 2017:        
2,780   4.000%, 7/15/37   7/27 at 100.00 BBB- 2,849,667
100   5.000%, 7/15/47   7/27 at 100.00 BBB- 110,438
100   New Jersey Economic Development Authority, Charter School Revenue Bonds, Teaneck Community Charter School, Series 2017A, 5.125%, 9/01/52, 144A   9/27 at 100.00 BB 105,739
870   New Jersey Economic Development Authority, Revenue Bonds, The Seeing Eye Inc, Refunding Series 2015, 5.000%, 3/01/25   No Opt. Call A 1,023,920
    New Jersey Economic Development Authority, Revenue Bonds, The Seeing Eye Inc, Refunding Series 2017:        
170   5.000%, 6/01/32   12/27 at 100.00 A 205,433
285   3.000%, 6/01/32   12/27 at 100.00 A 292,199
      78
Nuveen New Jersey Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    New Jersey Education Facilities Authority Revenue Bonds, The College of New Jersey Issue, Series 2013A:        
$770   5.000%, 7/01/38   7/23 at 100.00 AA- $850,735
1,015   5.000%, 7/01/43   7/23 at 100.00 AA- 1,118,094
1,840   New Jersey Educational Facilities Authority, Revenue Bonds, College of New Jersey, Refunding Series 2016F, 3.000%, 7/01/40   7/26 at 100.00 AA- 1,844,140
1,800   New Jersey Educational Facilities Authority, Revenue Bonds, Kean University, Refunding Series 2015H, 4.000%, 7/01/39  –  AGM Insured   7/25 at 100.00 AA 1,931,940
    New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University, Series 2015D:        
2,000   5.000%, 7/01/31   7/25 at 100.00 AA- 2,332,600
1,055   3.750%, 7/01/33   7/25 at 100.00 AA- 1,107,022
    New Jersey Educational Facilities Authority, Revenue Bonds, Ramapo College, Refunding Series 2012B:        
525   5.000%, 7/01/37   7/22 at 100.00 A 568,922
100   5.000%, 7/01/42   7/22 at 100.00 A 108,149
    New Jersey Educational Facilities Authority, Revenue Bonds, Rider University, Series 2012A:        
250   5.000%, 7/01/32   7/21 at 100.00 Baa2 260,550
230   5.000%, 7/01/37   7/21 at 100.00 Baa2 238,354
    New Jersey Educational Facilities Authority, Revenue Bonds, Rider University, Series 2017F:        
360   3.750%, 7/01/37   7/27 at 100.00 Baa2 361,829
1,320   4.000%, 7/01/42   7/27 at 100.00 Baa2 1,347,139
2,445   5.000%, 7/01/47   7/27 at 100.00 Baa2 2,714,268
1,225   New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University, Refunding Series 2015C, 5.000%, 7/01/32   7/25 at 100.00 A- 1,408,591
710   New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University, Series 2013D, 5.000%, 7/01/38   7/23 at 100.00 A- 787,660
    New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University, Series 2016C:        
220   3.000%, 7/01/37   7/26 at 100.00 A- 221,445
1,875   3.000%, 7/01/41   7/26 at 100.00 A- 1,870,669
2,630   3.000%, 7/01/46   7/26 at 100.00 A- 2,595,363
1,085   4.000%, 7/01/46   7/26 at 100.00 A- 1,156,393
    New Jersey Educational Facilities Authority, Revenue Bonds, Stevens Institute of Technology, Series 2017A:        
1,000   5.000%, 7/01/42   7/27 at 100.00 A- 1,168,790
1,310   5.000%, 7/01/47   7/27 at 100.00 A- 1,523,464
500   4.000%, 7/01/47   7/27 at 100.00 A- 534,990
1,375   New Jersey Educational Facilities Authority, Revenue Bonds, William Paterson University, Series 2017B, 5.000%, 7/01/47  –  AGM Insured   7/27 at 100.00 AA 1,604,474
79      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    New Jersey Higher Education Assistance Authority, Senior Student Loan Revenue Bonds, Refunding Series 2018A:        
$3,000   3.750%, 12/01/31 (AMT)   6/28 at 100.00 Aaa $3,207,450
420   4.000%, 12/01/35 (AMT)   6/28 at 100.00 Aaa 451,004
    New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Senior Lien Series 2016-1A:        
3,000   2.750%, 12/01/27 (AMT)   12/25 at 100.00 Aaa 3,047,970
2,470   3.500%, 12/01/32 (AMT)   12/25 at 100.00 Aaa 2,569,664
570   4.000%, 12/01/39 (AMT)   12/25 at 100.00 Aaa 598,004
1,630   New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Senior Lien Series 2017-1A, 3.750%, 12/01/33 (AMT)   12/26 at 100.00 Aaa 1,711,304
275   New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2010-1A, 5.000%, 12/01/25   12/19 at 100.00 Aaa 279,628
510   New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2010-2, 5.000%, 12/01/30   12/20 at 100.00 Aaa 534,939
920   New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2012-1A, 4.375%, 12/01/26 (AMT)   12/22 at 100.00 Aaa 977,215
400   New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2012-1B, 5.750%, 12/01/39 (AMT)   12/22 at 100.00 Aaa 441,840
    New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2013-1A:        
1,125   3.625%, 12/01/25 (AMT)   12/22 at 100.00 Aaa 1,176,671
570   4.000%, 12/01/28 (AMT)   12/22 at 100.00 Aaa 600,432
905   4.000%, 12/01/31 (AMT)   12/22 at 100.00 Aaa 938,684
950   4.125%, 12/01/35 (AMT)   12/22 at 100.00 Aaa 983,431
    New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2014-1A-1:        
1,185   4.250%, 12/01/32 (AMT)   12/23 at 100.00 Aaa 1,249,594
1,185   4.500%, 12/01/36 (AMT)   12/23 at 100.00 Aaa 1,257,652
2,230   New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2015-1A, 4.000%, 12/01/30 (AMT)   12/24 at 100.00 Aaa 2,375,017
1,715   New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Subordinate Series 2017-C, 4.250%, 12/01/47 (AMT)   12/26 at 100.00 Aaa 1,821,879
990   New Jersey Institute of Technology, New Jersey, General Obligation Bonds, Series 2012A, 5.000%, 7/01/42   7/22 at 100.00 A1 1,069,448
3,000   New Jersey Institute of Technology, New Jersey, General Obligation Bonds, Series 2015A, 5.000%, 7/01/45   7/25 at 100.00 A1 3,436,680
1,000   Rutgers State University, New Jersey, Revenue Bonds, Refunding Series 2013L, 5.000%, 5/01/43   5/23 at 100.00 Aa3 1,111,130
63,220   Total Education and Civic Organizations       68,268,213
      80
Nuveen New Jersey Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Financials – 0.3%        
    New Jersey Economic Development Authority, Revenue Refunding Bonds, Kapkowski Road Landfill Project, Series 2002:        
$545   5.750%, 10/01/21   No Opt. Call Ba2 $570,855
500   6.500%, 4/01/28   No Opt. Call Ba2 589,085
1,045   Total Financials       1,159,940
    Health Care – 12.7%        
    Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue Bonds, Cooper Health System Obligated Group Issue, Refunding Series 2014A:        
1,720   5.000%, 2/15/25   2/24 at 100.00 BBB+ 1,950,428
2,000   5.000%, 2/15/33   2/24 at 100.00 BBB+ 2,208,660
800   Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue Bonds, Cooper Health System Obligated Group Issue, Series 2013A, 5.750%, 2/15/42   2/23 at 100.00 BBB+ 879,456
195   New Jersey Health Care Facilities Finance Authority, Revenue Bonds, AHS Hospital Corporation, Series 2008A, 5.000%, 7/01/27   7/19 at 100.00 AA- 195,564
    New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Refunding Series 2011:        
815   6.000%, 7/01/26   7/21 at 100.00 BB+ 871,056
700   6.250%, 7/01/35   7/21 at 100.00 BB+ 748,076
1,545   New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters University Hospital, Series 2007, 5.750%, 7/01/37   7/19 at 100.00 BB+ 1,549,496
400   New Jersey Health Care Facilities Financing Authority, Revenue and Refunding Bonds, Barnabas Health, Series 2012A, 5.000%, 7/01/24   7/22 at 100.00 AA- 439,856
490   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, AHS Hospital Corporation, Refunding Series 2016, 4.000%, 7/01/41   1/27 at 100.00 AA- 522,825
2,000   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Barnabas Health, Refunding Series 2014A, 5.000%, 7/01/44   7/24 at 100.00 AA- 2,273,620
    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hackensack Meridian Health Obligated Group, Refunding Series 2017A:        
3,145   5.000%, 7/01/28   7/27 at 100.00 AA- 3,907,820
2,040   5.000%, 7/01/57   7/27 at 100.00 AA- 2,355,894
    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hunterdon Medical Center, Refunding Series 2014A:        
595   5.000%, 7/01/45   7/24 at 100.00 A+ 651,805
1,000   4.000%, 7/01/45   7/24 at 100.00 A+ 1,039,580
4,420   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Inspira Health Obligated Group Issue, Refunding Series 2016A, 4.000%, 7/01/41   7/26 at 100.00 AA- 4,733,466
4,820   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Inspira Health Obligated Group Issue, Series 2017A, 5.000%, 7/01/42   7/27 at 100.00 AA- 5,618,337
570   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Meridian Health System Obligated Group, Refunding Series 2013A, 5.000%, 7/01/32   7/23 at 100.00 AA- 637,066
81      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Princeton HealthCare System, Series 2016A:        
$460   5.000%, 7/01/32   7/26 at 100.00 AA $548,311
575   5.000%, 7/01/33   7/26 at 100.00 AA 683,687
600   5.000%, 7/01/34   7/26 at 100.00 AA 711,162
    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Robert Wood Johnson University Hospital Issue, Series 2014A:        
2,000   5.000%, 7/01/39   7/24 at 100.00 AA- 2,277,380
630   5.000%, 7/01/43   7/24 at 100.00 AA- 716,801
780   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Refunding Series 2016A, 5.000%, 7/01/43   7/26 at 100.00 AA- 906,719
    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph's Healthcare System Obligated Group Issue, Refunding Series 2016:        
2,710   3.000%, 7/01/32   7/26 at 100.00 BBB- 2,644,228
235   4.000%, 7/01/34   7/26 at 100.00 BBB- 248,162
3,085   5.000%, 7/01/41   7/26 at 100.00 BBB- 3,418,704
1,685   4.000%, 7/01/48   7/26 at 100.00 BBB- 1,735,853
460   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Luke's Warren Hospital Obligated Group, Series 2013, 4.000%, 8/15/37   8/23 at 100.00 A- 478,170
    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital Issue, Refunding Series 2015A:        
1,500   4.125%, 7/01/38  –  AGM Insured   7/25 at 100.00 AA 1,585,260
1,255   5.000%, 7/01/46  –  AGM Insured   7/25 at 100.00 AA 1,405,111
43,230   Total Health Care       47,942,553
    Housing/Multifamily – 5.7%        
600   New Jersey Economic Development Authority, Revenue Bonds, Provident Group - Kean Properties LLC - Kean University Student Housing Project, Series 2017A, 5.000%, 7/01/47   1/27 at 100.00 BBB- 654,414
1,770   New Jersey Economic Development Authority, Revenue Bonds, West Campus Housing LLC - New Jersey City University Student Housing Project, Series 2015, 5.000%, 7/01/47   7/25 at 100.00 BBB- 1,881,244
    New Jersey Housing and Mortgage Finance Agency, Multifamily Housing Revenue Bonds, Series 2013-2:        
1,770   4.350%, 11/01/33 (AMT)   11/22 at 100.00 AA 1,858,128
1,015   4.600%, 11/01/38 (AMT)   11/22 at 100.00 AA 1,064,116
1,010   4.750%, 11/01/46 (AMT)   11/22 at 100.00 AA 1,059,248
3,000   New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2009A, 4.950%, 5/01/41   11/19 at 100.00 AA- 3,026,850
1,560   New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2015A, 4.000%, 11/01/45   11/24 at 100.00 AA- 1,625,146
1,135   New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2016A, 3.750%, 11/01/45   11/25 at 100.00 AA- 1,168,653
      82
Nuveen New Jersey Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Housing/Multifamily (continued)        
$2,055   New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2016B, 3.600%, 11/01/40   11/25 at 100.00 AA- $2,111,738
875   New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2017D, 3.900%, 11/01/32 (AMT)   5/26 at 100.00 AA- 928,156
    New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2018A:        
1,915   3.600%, 11/01/33   11/27 at 100.00 AA- 2,022,087
1,865   3.875%, 11/01/38   11/27 at 100.00 AA- 1,979,418
1,000   3.950%, 11/01/43   11/27 at 100.00 AA- 1,055,290
650   4.000%, 11/01/48   11/27 at 100.00 AA- 688,558
500   4.100%, 11/01/53   11/27 at 100.00 AA- 527,885
20,720   Total Housing/Multifamily       21,650,931
    Housing/Single Family – 2.2%        
    New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds, Series 2018A:        
2,215   3.600%, 4/01/33   10/27 at 100.00 AA 2,342,562
1,380   3.750%, 10/01/35   10/27 at 100.00 AA 1,461,144
1,190   New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds, Series 2018B, 3.800%, 10/01/32 (AMT)   10/27 at 100.00 AA 1,257,044
3,000   New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds, Series 2019C, 4.000%, 4/01/49   4/28 at 100.00 AA 3,183,930
7,785   Total Housing/Single Family       8,244,680
    Long-Term Care – 1.4%        
3,010   Burlington County Bridge Commission, New Jersey, Economic Development Revenue Bonds, The Evergreens Project, Series 2007, 5.625%, 1/01/38   7/19 at 100.00 N/R 3,010,271
150   New Jersey Economic Development Authority, Fixed Rate Revenue Bonds, Lions Gate Project, Series 2014, 5.250%, 1/01/44   1/24 at 100.00 N/R 155,100
1,205   New Jersey Economic Development Authority, Revenue Bonds, United Methodist Homes of New Jersey Obligated Group Issue, Refunding Series 2013, 5.000%, 7/01/34   7/23 at 100.00 BBB- 1,261,394
405   New Jersey Economic Development Authority, Revenue Bonds, United Methodist Homes of New Jersey Obligated Group Issue, Refunding Series 2014A, 5.000%, 7/01/29   7/24 at 100.00 BBB- 434,180
500   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Village Drive Healthcare Urban Renewal LLC, Series 2018, 5.750%, 10/01/38, 144A   10/26 at 102.00 N/R 514,120
5,270   Total Long-Term Care       5,375,065
    Tax Obligation/General – 9.3%        
3,000   Bergen County, New Jersey, General Obligation Bonds, Bond Anticipation Bond Series 2019, 3.000%, 6/12/20 (WI/DD, Settling 6/12/19)   No Opt. Call N/R 3,047,190
1,775   Cumberland County Improvement Authority, New Jersey, County General Obligation Revenue Bonds, Technical High School Project, Series 2014, 5.000%, 9/01/39  –  AGM Insured   9/24 at 100.00 AA 2,028,310
685   Cumberland County Improvement Authority, New Jersey, General Obligation Lease Revenue Bonds, Vineland Public Safety Building Project, Series 2017, 3.250%, 12/15/37   12/27 at 100.00 AA 702,872
83      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
$180   Hamilton Township, Mercer County Board of Education, New Jersey, General Obligation Bonds, Series 2017, 3.250%, 12/15/38   12/27 at 100.00 AA $185,468
1,380   Harrison, New Jersey, General Obligation Bonds, Parking Utility Series 2018, 3.375%, 3/01/34  –  BAM Insured   3/28 at 100.00 AA 1,449,359
    Hudson County Improvement Authority, New Jersey, County Guaranteed Governmental Loan Revenue Bonds, Guttenberg General Obligation Bond Project, Series 2018:        
125   3.250%, 8/01/34   8/25 at 100.00 AA 129,050
340   5.000%, 8/01/42   8/25 at 100.00 AA 390,242
1,500   Hudson County Improvement Authority, New Jersey, General Obligation Bonds, Local Unit Loan Program, County Guaranteed Pooled Notes, Series 2019B-1, 3.000%, 5/22/20   No Opt. Call N/R 1,521,570
5,000   Middlesex County, New Jersey, General Obligation Bonds, Bond Anticipation Note Series 2019, 3.000%, 6/05/20 (WI/DD, Settling 6/06/19)   No Opt. Call N/R 5,077,950
525   Middletown Township Board of Education, Monmouth County, New Jersey, Refunding Series 2010, 5.000%, 8/01/27   8/20 at 100.00 AA- 545,506
1,000   Monroe Township Board of Education, Middlesex County, New Jersey, General Obligation Bonds, Refunding Series 2012, 4.000%, 8/01/24   8/22 at 100.00 AA- 1,076,130
610   Monroe Township Board of Education, Middlesex County, New Jersey, General Obligation Bonds, Refunding Series 2015, 5.000%, 3/01/38   3/25 at 100.00 AA- 699,871
    Montclair Township, Essex County, New Jersey, General Obligation Bonds, Refunding Parking Utility Series 2014A:        
330   3.750%, 1/01/33   1/24 at 100.00 AAA 344,685
220   5.000%, 1/01/37   1/24 at 100.00 AAA 250,745
610   New Brunswick Parking Authority, Middlesex County, New Jersey, Guaranteed Parking Revenue Bonds, Refunding Series 2012, 5.000%, 9/01/30   9/22 at 100.00 A+ 669,835
    New Brunswick Parking Authority, Middlesex County, New Jersey, Guaranteed Parking Revenue Bonds, Refunding Series 2016A:        
1,885   5.000%, 9/01/32  –  BAM Insured   9/26 at 100.00 AA 2,244,055
1,325   5.000%, 9/01/39  –  BAM Insured   9/26 at 100.00 AA 1,545,109
565   New Brunswick Parking Authority, Middlesex County, New Jersey, Guaranteed Parking Revenue Bonds, Refunding Series 2016B, 3.000%, 9/01/39  –  AGM Insured   9/26 at 100.00 AA 569,786
1,000   New Brunswick, New Jersey, General Obligation Bonds, Cultural Center Project, Series 2017, 4.000%, 9/15/44  –  AGM Insured   9/27 at 100.00 AA 1,090,250
450   South Brunswick Township Board of Education, Middlesex County, New Jersey, General Obligation Bonds, Refunding Series 2012, 4.000%, 12/01/23   6/22 at 100.00 AA+ 483,691
3,685   Union County Utilities Authority, New Jersey, Resource Recovery Facility Lease Revenue Bonds, Covantan Union Inc., Lessee, Refunding Series 2011B, 5.250%, 12/01/31 (AMT)   12/21 at 100.00 AA+ 3,989,197
2,515   Union County Utilities Authority, New Jersey, Solid Waste System County Deficiency Revenue Bonds, Series 2011A, 5.000%, 6/15/41   6/21 at 100.00 Aaa 2,672,716
4,000   Union County, New Jersey, General Obligation Bonds, Refunding Series 2017, 3.000%, 3/01/27   9/25 at 100.00 Aaa 4,268,480
32,705   Total Tax Obligation/General       34,982,067
      84
Nuveen New Jersey Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited – 21.0%        
$650   Bergen County Improvement Authority, New Jersey, Guaranteed Lease Revenue Bonds, County Administration Complex Project, Series 2005, 5.000%, 11/15/26   No Opt. Call Aaa $810,166
420   Burlington County Bridge Commission, New Jersey, Governmental Leasing Program Revenue Bonds, County Guaranteed, Series 2016A, 2.500%, 10/01/31   4/26 at 100.00 Aa1 419,815
1,000   Burlington County Bridge Commission, New Jersey, Governmental Leasing Program Revenue Bonds, Note Series 2019B, 2.750%, 4/17/20   No Opt. Call N/R 1,011,040
3,655   Camden County Improvement Authority, New Jersey, County Guaranteed Loan Revenue Bonds, City Hall Project, Series 2018, 3.250%, 12/01/37   12/28 at 100.00 AA 3,794,036
820   Essex County Improvement Authority, New Jersey, Project Consolidation Revenue Bonds, Refunding Series 2007, 5.250%, 12/15/22  –  AMBAC Insured   No Opt. Call Aaa 928,962
2,060   Garden State Preservation Trust, New Jersey, Open Space and Farmland Preservation Bonds, Series 2005A, 5.750%, 11/01/28  –  AGM Insured   No Opt. Call AA 2,588,946
1,050   Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.250%, 1/01/36   1/22 at 100.00 BB 1,103,350
    Hudson County Improvement Authority, New Jersey, County Secured Lease Revenue Bonds, Hudson County Vocational Technical Schools Project, Series 2016:        
6,490   5.000%, 5/01/46 (UB) (4)   5/26 at 100.00 AA 7,509,125
1,000   5.250%, 5/01/51   5/26 at 100.00 AA 1,168,720
    New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds, Series 2012:        
1,385   5.000%, 6/15/19   No Opt. Call BBB+ 1,386,357
350   5.000%, 6/15/21   No Opt. Call BBB+ 371,444
2,870   5.000%, 6/15/25   6/22 at 100.00 BBB+ 3,099,772
450   5.000%, 6/15/28   6/22 at 100.00 BBB+ 483,309
1,815   New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 3.375%, 7/01/30   7/27 at 100.00 BBB+ 1,836,490
4,000   New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2015WW, 5.250%, 6/15/40   6/25 at 100.00 A- 4,441,000
1,500   New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2014PP, 5.000%, 6/15/26   6/24 at 100.00 A- 1,677,630
2,000   New Jersey Economic Development Authority, Sublease Revenue Bonds, New Jersey Transit Corporation Projects, Refunding Series 2017B, 5.000%, 11/01/25   No Opt. Call A- 2,312,720
    New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2016A-1:        
225   5.000%, 6/15/29   6/26 at 100.00 A+ 261,527
125   5.000%, 6/15/30   6/26 at 100.00 A+ 144,514
2,770   New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A, 5.000%, 6/15/31   6/26 at 100.00 A+ 3,186,913
14,305   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital Appreciation Series 2010A, 0.000%, 12/15/30   No Opt. Call A- 9,919,373
1,900   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006A, 5.500%, 12/15/22   No Opt. Call A- 2,128,988
85      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C:        
$6,925   0.000%, 12/15/32  –  AGM Insured   No Opt. Call AA $4,575,140
4,765   0.000%, 12/15/33  –  AGM Insured   No Opt. Call AA 3,041,499
1,000   0.000%, 12/15/34  –  AGM Insured   No Opt. Call AA 612,370
1,510   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2010D, 5.000%, 12/15/24   No Opt. Call A- 1,730,264
    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B:        
1,325   5.250%, 6/15/36   6/21 at 100.00 A- 1,396,484
2,830   5.000%, 6/15/42   6/21 at 100.00 A- 2,956,473
140   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2013AA, 5.000%, 6/15/36   6/23 at 100.00 A- 151,341
1,035   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2018A, 4.250%, 12/15/38   12/28 at 100.00 A- 1,108,164
600   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019AA, 4.500%, 6/15/49   12/28 at 100.00 A- 644,244
1,140   Passaic County Improvement Authority, New Jersey, Lease Revenue Bonds, Preakness Healthcare Center Expansion Project, Refunding Series 2015, 3.750%, 5/01/36   5/25 at 100.00 AA 1,201,617
    Passaic County Improvement Authority, New Jersey, Lease Revenue Bonds, Preakness Healthcare Center Expansion Project, Series 2012:        
1,330   5.000%, 5/01/21   No Opt. Call Aa2 1,413,604
1,715   3.500%, 5/01/35   5/22 at 100.00 Aa2 1,752,610
4,000   Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 1998A, 5.125%, 6/01/24  –  AMBAC Insured   No Opt. Call Aaa 4,396,240
3,000   Union County Improvement Authority, New Jersey, Lease Revenue Bonds, Plainfield - Park Madison Redevelopment Project, Refunding Series 2013, 5.000%, 3/01/34 (UB) (4)   No Opt. Call AA+ 3,803,550
82,155   Total Tax Obligation/Limited       79,367,797
    Transportation – 11.4%        
1,100   Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2012A, 5.000%, 1/01/42   1/23 at 100.00 A1 1,198,527
    Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2014A:        
360   5.000%, 1/01/34   1/24 at 100.00 A1 405,043
1,510   4.125%, 1/01/39   1/24 at 100.00 A1 1,598,139
2,000   5.000%, 1/01/44   1/24 at 100.00 A1 2,229,860
1,635   Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Refunding Series 2015, 4.000%, 7/01/35  –  BAM Insured   7/25 at 100.00 AA 1,776,493
    Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Series 2017:        
1,000   5.000%, 7/01/42   7/27 at 100.00 A1 1,182,340
3,115   5.000%, 7/01/47   7/27 at 100.00 A1 3,674,485
      86
Nuveen New Jersey Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
$500   Delaware River Joint Toll Bridge Commission, Pennsylvania, Bridge System Revenue Bonds, Refunding Series 2012A, 5.000%, 7/01/26   7/22 at 100.00 A1 $549,190
1,760   Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2013, 5.000%, 1/01/40   1/24 at 100.00 A+ 1,976,639
    Delaware River Port Authority, Pennsylvania and New Jersey, Revenue Refunding Bonds, Port District Project, Series 2012:        
1,000   5.000%, 1/01/24   1/23 at 100.00 A 1,106,820
1,095   5.000%, 1/01/26   1/23 at 100.00 A 1,208,858
1,070   5.000%, 1/01/27   1/23 at 100.00 A 1,179,119
    New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge Replacement Project, Series 2013:        
1,260   5.000%, 7/01/23 (AMT)   No Opt. Call BBB 1,411,049
1,490   5.000%, 1/01/31  –  AGM Insured (AMT)   1/24 at 100.00 AA 1,664,419
1,255   5.625%, 1/01/52 (AMT)   1/24 at 100.00 BBB 1,409,666
    New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc, Series 1999:        
400   5.125%, 9/15/23 (AMT)   8/22 at 101.00 BB 432,092
1,025   5.250%, 9/15/29 (AMT)   8/22 at 101.00 BB 1,124,128
300   New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc, Series 2000A & 2000B, 5.625%, 11/15/30 (AMT)   3/24 at 101.00 BB 344,364
    New Jersey Economic Development Authority, Special Facility Revenue Bonds, Port Newark Container Terminal LLC Project, Refunding Series 2017:        
3,085   5.000%, 10/01/37 (AMT)   10/27 at 100.00 Ba1 3,434,160
2,490   5.000%, 10/01/47 (AMT)   10/27 at 100.00 Ba1 2,751,699
1,300   New Jersey Turnpike Authority, Revenue Bonds, Series 2005A, 5.250%, 1/01/29  –  AGM Insured   No Opt. Call AA 1,693,692
1,385   New Jersey Turnpike Authority, Revenue Bonds, Series 2012B, 5.000%, 1/01/28   1/23 at 100.00 A+ 1,543,818
1,870   New Jersey Turnpike Authority, Revenue Bonds, Series 2013A, 5.000%, 1/01/43   7/22 at 100.00 A+ 2,040,151
1,810   Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy Ninth Series 2013, 5.000%, 12/01/43   12/23 at 100.00 AA- 2,050,024
    Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC, Sixth Series 1997:        
1,645   5.750%, 12/01/22  –  NPFG Insured (AMT)   7/19 at 100.00 BBB+ 1,704,845
3,150   5.750%, 12/01/25  –  NPFG Insured (AMT)   7/19 at 100.00 BBB+ 3,269,574
38,610   Total Transportation       42,959,194
    U.S. Guaranteed – 7.0% (5)        
5   Essex County Improvement Authority, New Jersey, Project Consolidation Revenue Bonds, Refunding Series 2007, 5.250%, 12/15/22  –  AMBAC Insured (ETM)   No Opt. Call Aaa 5,661
87      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
    New Jersey Economic Development Authority, Student Housing Revenue Bonds, Provident Group-Montclair Properties LLC, Montclair State University Student Housing Project, Series 2010A:        
$2,055   5.750%, 6/01/31 (Pre-refunded 6/01/20)   6/20 at 100.00 N/R $2,143,139
1,100   5.875%, 6/01/42 (Pre-refunded 6/01/20)   6/20 at 100.00 N/R 1,148,532
1,840   New Jersey Educational Facilities Authority, Revenue Bonds, Kean University, Refunding Series 2009A, 5.500%, 9/01/36 (Pre-refunded 9/01/19)  –  AGC Insured   9/19 at 100.00 AA 1,858,308
    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Kennedy Health System Obligated Group Issue, Refunding Series 2012:        
195   3.750%, 7/01/27 (ETM)   No Opt. Call N/R 219,094
1,125   5.000%, 7/01/31 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R 1,242,889
1,095   5.000%, 7/01/42 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R 1,209,745
    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Palisades Medical Center Obligated Group Issue, Refunding Series 2013:        
140   5.250%, 7/01/31 (Pre-refunded 7/01/23)   7/23 at 100.00 N/R 160,318
660   5.250%, 7/01/31 (Pre-refunded 7/01/23)   7/23 at 100.00 N/R 757,192
80   5.500%, 7/01/43 (Pre-refunded 7/01/23)   7/23 at 100.00 N/R 92,397
360   5.500%, 7/01/43 (Pre-refunded 7/01/23)   7/23 at 100.00 N/R 416,556
360   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas Health Care System, Refunding Series 2011A, 5.625%, 7/01/37 (Pre-refunded 7/01/21)   7/21 at 100.00 N/R 390,301
845   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, St Clare's Hospital, Series 2004A, 5.250%, 7/01/20  –  AGC Insured (ETM)   No Opt. Call AA 879,307
1,935   New Jersey Health Care Facilities Financing Authority, State Contract Bonds, Hospital Asset Transformation Program, Series 2009A, 5.750%, 10/01/31 (Pre-refunded 10/01/19)   10/19 at 100.00 A- 1,961,509
435   New Jersey Institute of Technology, New Jersey, General Obligation Bonds, Series 2012A, 5.000%, 7/01/42 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R 481,967
3,560   New Jersey Turnpike Authority, Revenue Bonds, Series 2009I, 5.000%, 1/01/35 (Pre-refunded 1/01/20)   1/20 at 100.00 A+ 3,633,941
3,150   New Jersey Turnpike Authority, Revenue Bonds, Series 2013A, 5.000%, 1/01/43 (Pre-refunded 7/01/22)   7/22 at 100.00 N/R 3,490,105
2,750   Newark Housing Authority, New Jersey, City-Secured Police Facility Revenue Bonds, South Ward Police Facility, Series 2009A, 6.750%, 12/01/38 (Pre-refunded 12/01/19)  –  AGC Insured   12/19 at 100.00 A3 2,822,380
    North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2012A:        
570   5.000%, 6/01/27 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R 629,913
70   5.000%, 6/01/42 (Pre-refunded 6/01/22)   6/22 at 100.00 N/R 77,358
900   Passaic County Improvement Authority, New Jersey, County Guaranteed Parking Revenue Bonds, 200 Hospital Plaza Project, Series 2010, 5.000%, 5/01/42 (Pre-refunded 5/01/20)   5/20 at 100.00 Aa2 929,295
      88
Nuveen New Jersey Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (5) (continued)        
    Readington Township, New Jersey, General Obligation Bonds, General Improvement Series 2011:        
$875   5.125%, 1/15/28 (Pre-refunded 1/15/21)   1/21 at 100.00 AA $927,106
875   5.250%, 1/15/30 (Pre-refunded 1/15/21)   1/21 at 100.00 AA 928,848
24,980   Total U.S. Guaranteed       26,405,861
    Utilities – 1.8%        
2,430   Essex County Improvement Authority, New Jersey, Solid Waste Disposal Revenue Bonds, Covanta Project, Series 2015, 5.250%, 7/01/45 (AMT), 144A   7/20 at 100.00 BB- 2,451,870
    New Jersey Economic Development Authority, Energy Facilities Revenue Bonds, UMM Energy Partners, LLC Project, Series 2012A:        
500   5.000%, 6/15/37 (AMT)   6/22 at 100.00 Baa2 530,995
1,000   5.125%, 6/15/43 (AMT)   6/22 at 100.00 Baa2 1,063,200
960   New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc Project, Refunding Series 2010D, 4.875%, 11/01/29 (AMT)   11/20 at 100.00 A+ 996,029
695   Passaic County Utilities Authority, New Jersey, Solid Waste Disposal Revenue Bonds, Refunding Series 2018, 5.000%, 3/01/37   No Opt. Call AA 906,266
705   Salem County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Chambers Project, Refunding Series 2014A, 5.000%, 12/01/23 (AMT)   No Opt. Call BBB- 759,842
6,290   Total Utilities       6,708,202
    Water and Sewer – 1.5%        
    New Jersey Economic Development Authority, Water Facilities Revenue Bonds, Middlesex Water Company, Series 2012C:        
1,045   5.000%, 10/01/23   No Opt. Call A+ 1,188,071
2,175   4.250%, 10/01/47 (AMT)   10/22 at 100.00 A+ 2,251,190
    North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2012A:        
930   5.000%, 6/01/27   6/22 at 100.00 A+ 1,015,216
1,145   5.000%, 6/01/42   6/22 at 100.00 A+ 1,238,295
5,295   Total Water and Sewer       5,692,772
$342,730   Total Long-Term Investments (cost $339,564,071)       360,803,302
    
89      
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    SHORT-TERM INVESTMENTS – 6.3%        
    MUNICIPAL BONDS – 6.3%        
    Education and Civic Organizations – 2.4%        
$9,310   Rutgers State University, New Jersey, Revenue Bonds, Variable Rate Demand Obligations, Series 2009G, 2.190%, 5/01/39 (6)   9/19 at 100.00 A-1 $9,310,000
    Health Care – 1.6%        
5,000   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Virtua Health, Variable Rate Demand Obligations, Series 2009B, 2.100%, 7/01/43 (6)   8/19 at 100.00 A-1 5,000,000
1,000   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Virtua Health, Variable Rate Demand Obligations, Series 2009C, 2.050%, 7/01/43 (6)   8/19 at 100.00 A-1 1,000,000
6,000   Total Health Care       6,000,000
    Housing/Multifamily – 2.3%        
8,600   New Jersey Housing and Mortgage Finance Agency, Multifamily Housing Revenue Bonds, Variable Rate Demand Obligations, Series 2013-5, 1.420%, 11/01/46 (AMT) (6)   8/19 at 100.00 A-1 8,600,000
$23,910   Total Short-Term Investments (cost $23,910,000)       23,910,000
    Total Investments (cost $363,474,071) – 101.9%       384,713,302
    Floating Rate Obligations – (2.0)%       (7,590,000)
    Other Assets Less Liabilities – 0.1% (7)       463,723
    Net Assets – 100%       $377,587,025
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 (33) 9/19 $(5,072,719) $(4,913,561) $(159,158) $(42,281)
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
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. A three-tier hierarchy 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 the reporting entity’s own 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.
      90
Nuveen New Jersey Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(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 inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $360,803,302 $ — $360,803,302
Short-Term Investments:        
Municipal Bonds  — 23,910,000  — 23,910,000
Investments in Derivatives:        
Futures Contracts* (159,158)  —  — (159,158)
Total $(159,158) $384,713,302 $ — $384,554,144
    
* 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) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(5) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(6) 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.  
(7) 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  
ETM Escrowed to maturity  
UB Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 - Portfolio Securities and Investments in Derivatives. Inverse Floating Rate Securities for more information.  
WI/DD Purchased on a when-issued or delayed delivery basis.  
91      
Nuveen New York Municipal Bond Fund
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 94.7%        
    MUNICIPAL BONDS – 94.7%        
    Consumer Staples  – 3.8%        
$15,110   Erie County Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Series 2005A, 5.000%, 6/01/38   7/19 at 100.00 BB+ $15,109,698
101,105   Erie County Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Series 2005C, 0.000%, 6/01/50   7/19 at 14.37 N/R 10,048,826
1,850   Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2006A-2, 5.250%, 6/01/26   6/19 at 100.00 B- 1,816,515
450   Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Series 2006A-3, 5.000%, 6/01/35   7/19 at 100.00 B- 432,941
    New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, Series 2016A-1:        
1,925   5.625%, 6/01/35   No Opt. Call BBB 2,063,561
6,885   5.750%, 6/01/43   No Opt. Call BBB 7,884,082
1,565   New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, Turbo Term Series 2016A Including 2016A-1, 2016A-2A and 2016A-2B, 5.000%, 6/01/51   6/26 at 100.00 N/R 1,611,496
3,000   TSASC Inc, New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/48   6/27 at 100.00 N/R 2,927,640
131,890   Total Consumer Staples       41,894,759
    Education and Civic Organizations – 13.5%        
    Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter Schools, Series 2007A:        
265   5.000%, 4/01/20   7/19 at 100.00 B 265,183
1,000   5.000%, 4/01/27   7/19 at 100.00 B 1,000,360
290   5.000%, 4/01/37   7/19 at 100.00 B 288,289
2,190   Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds, Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40   12/20 at 100.00 B+ 2,262,971
    Build New York City Resource Corporation, New York, Revenue Bonds, Bronx Charter School for Excellence, Series 2013A:        
1,630   5.000%, 4/01/33   4/23 at 100.00 BBB- 1,746,920
1,250   5.500%, 4/01/43   4/23 at 100.00 BBB- 1,346,138
    Build New York City Resource Corporation, New York, Revenue Bonds, Children's Aid Society Project, Series 2015:        
2,500   5.000%, 7/01/40   7/25 at 100.00 A+ 2,872,325
2,500   5.000%, 7/01/45   7/25 at 100.00 A+ 2,862,375
      92
Nuveen New York Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    Build New York City Resource Corporation, New York, Revenue Bonds, City University of New York - Queens College, Q Student Residences, LLC Project, Refunding Series 2014A:        
$1,000   5.000%, 6/01/38   6/24 at 100.00 Aa2 $1,137,330
4,050   5.000%, 6/01/43   6/24 at 100.00 Aa2 4,554,549
    Build New York City Resource Corporation, New York, Revenue Bonds, Metropolitan College of New York, Series 2014:        
2,240   5.000%, 11/01/39   11/24 at 100.00 BB 2,350,118
1,000   5.500%, 11/01/44   11/24 at 100.00 BB 1,067,750
    Build New York City Resource Corporation, New York, Revenue Bonds, South Bronx Charter School for International Cultures and the Arts Project, Series 2013A:        
1,050   5.000%, 4/15/33   4/23 at 100.00 BB+ 1,100,222
1,875   5.000%, 4/15/43   4/23 at 100.00 BB+ 1,939,388
1,750   Dormitory Authority of the State of New York, Brooklyn Law School Revenue Bonds, Series 2009, 5.750%, 7/01/33   7/19 at 100.00 Baa1 1,755,705
595   Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University, Series 2015A, 5.000%, 7/01/37   7/25 at 100.00 A- 684,988
    Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of Technology, Series 2007:        
1,670   5.250%, 7/01/29  –  FGIC Insured   No Opt. Call Baa2 2,051,011
735   5.250%, 7/01/34  –  FGIC Insured   No Opt. Call Baa2 926,850
1,500   Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Refunding Series 2013A, 5.000%, 7/01/27   7/23 at 100.00 Aa3 1,695,975
1,600   Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Refunding Series 2015A, 5.000%, 7/01/43   7/25 at 100.00 A1 1,845,392
85   Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A, 5.000%, 7/01/37  –  NPFG Insured   7/19 at 100.00 Baa2 85,242
7,740   Dormitory Authority of the State of New York, Revenue Bonds, Columbia University, Series 2011A, 5.000%, 10/01/41   4/21 at 100.00 AAA 8,197,279
750   Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart, Series 2011, 5.625%, 11/01/32  –  AGM Insured   5/21 at 100.00 AA 805,590
2,760   Dormitory Authority of the State of New York, Revenue Bonds, Icahn School of Medicine at Mount Sinai, Refunding Series 2015A, 5.000%, 7/01/40   7/25 at 100.00 A- 3,137,568
4,590   Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series 2015A, 5.000%, 7/01/45   7/25 at 100.00 A- 5,186,103
1,055   Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2001-1, 5.500%, 7/01/40  –  AMBAC Insured   No Opt. Call Aa2 1,477,179
3,450   Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2015A, 5.000%, 7/01/35   7/25 at 100.00 Aa2 4,054,888
1,500   Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2018A, 5.000%, 7/01/48   7/28 at 100.00 Aa2 1,811,670
93      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2019A:        
$8,000   5.000%, 7/01/42   7/29 at 100.00 Aa2 $9,889,600
11,215   5.000%, 7/01/49   7/29 at 100.00 Aa2 13,753,964
1,200   Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell University, Series 2008C, 5.000%, 7/01/37   7/20 at 100.00 Aa1 1,242,372
5,000   Dormitory Authority of the State of New York, Revenue Bonds, Pratt Institute, Series 2015A, 5.000%, 7/01/44   7/24 at 100.00 A2 5,607,300
3,450   Dormitory Authority of the State of New York, Revenue Bonds, Vaughn College of Aeronautics & Technology, Series 2016A, 5.500%, 12/01/36, 144A   12/26 at 100.00 BB- 3,763,501
3,040   Glen Cove Local Economic Assistance Corporation, New York, Revenue Bonds, Garvies Point Public Improvement Project, Capital Appreciation Series 2016C, 0.000%, 1/01/55 (4)   1/34 at 100.00 N/R 2,779,685
760   New Rochelle Corporation, New York, Local Development Revenue Bonds, Iona College Project, Series 2015A, 5.000%, 7/01/45   7/25 at 100.00 BBB 844,292
    New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball Stadium Project, Series 2006:        
4,000   5.000%, 1/01/31  –  AMBAC Insured   7/19 at 100.00 BBB 4,009,880
1,060   5.000%, 1/01/39  –  AMBAC Insured   7/19 at 100.00 BBB 1,077,797
1,795   4.750%, 1/01/42  –  AMBAC Insured   7/19 at 100.00 BBB 1,821,404
5,170   5.000%, 1/01/46  –  AMBAC Insured   7/19 at 100.00 BBB 5,248,274
    New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium Project, Series 2006:        
720   5.000%, 3/01/31  –  FGIC Insured   7/19 at 100.00 Baa1 725,414
2,500   5.000%, 3/01/36  –  NPFG Insured   7/19 at 100.00 Baa1 2,505,750
2,140   4.500%, 3/01/39  –  FGIC Insured   7/19 at 100.00 Baa1 2,142,803
1,150   4.750%, 3/01/46  –  NPFG Insured   7/19 at 100.00 Baa1 1,151,380
2,000   New York City Trust for Cultural Resources, New York, Revenue Bonds, Carnegie Hall, Series 2009A, 5.000%, 12/01/39   12/19 at 100.00 A+ 2,032,800
740   New York City Trust for Cultural Resources, New York, Revenue Bonds, Whitney Museum of American Art, Series 2011, 5.000%, 7/01/31   1/21 at 100.00 AA 779,028
5,375   New York City Trust for Cultural Resources, New York, Revenue Bonds, Wildlife Conservation Society, Series 2013A, 5.000%, 8/01/33   8/23 at 100.00 AA- 6,043,972
    New York City Trust for Cultural Resources, New York, Revenue Bonds, Wildlife Conservation Society, Series 2014A:        
3,800   5.000%, 8/01/38   8/23 at 100.00 AA- 4,248,742
10,000   5.000%, 8/01/43   8/23 at 100.00 AA- 11,151,900
    Onondaga Civic Development Corporation, New York, Revenue Bonds, Le Moyne College Project, Series 2012:        
1,000   5.000%, 7/01/32   7/22 at 100.00 Baa2 1,075,410
1,745   5.000%, 7/01/42   7/22 at 100.00 Baa2 1,855,581
1,600   Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, Series 2010A, 5.125%, 9/01/40   9/20 at 100.00 A3 1,664,032
      94
Nuveen New York Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Education and Civic Organizations (continued)        
    Yonkers Economic Development Corporation, New York, Revenue Bonds, Charter School Educational Excellence Project, Series 2010A:        
$1,160   6.000%, 10/15/30   10/20 at 100.00 BB+ $1,201,064
2,300   6.250%, 10/15/40   10/20 at 100.00 BB+ 2,374,704
133,540   Total Education and Civic Organizations       147,500,007
    Financials – 1.1%        
5,710   Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series 2005, 5.250%, 10/01/35   No Opt. Call A 7,525,723
3,475   Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series 2007, 5.500%, 10/01/37   No Opt. Call A 4,743,062
9,185   Total Financials       12,268,785
    Health Care – 2.4%        
550   Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds, Series 2010, 5.200%, 7/01/32   7/20 at 100.00 A 567,957
2,300   Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish Obligated Group, Series 2015A, 5.000%, 5/01/43   5/25 at 100.00 A- 2,599,092
1,000   Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2015, 5.000%, 12/01/29, 144A   6/25 at 100.00 BBB- 1,146,020
200   Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017, 5.000%, 12/01/36, 144A   6/27 at 100.00 BBB- 230,236
    Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Vassar Brothers Medical Center Facility, Series 2005:        
545   5.500%, 4/01/30   10/20 at 100.00 AA 572,735
950   5.500%, 4/01/34   10/20 at 100.00 AA 998,117
    Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems, Inc Project, Series 2016B:        
2,000   4.000%, 7/01/41   7/26 at 100.00 A- 2,128,660
1,325   5.000%, 7/01/46   7/26 at 100.00 A- 1,509,798
375   Monroe County Industrial Development Corporation Tax-Exempt Revenue Bonds, New York, Highland Hospital of Rochester Project, Series 2015, 5.000%, 7/01/34   7/25 at 100.00 A 427,493
    Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue Bonds, Unity Hospital of Rochestor Project, Series 2010:        
2,720   5.750%, 8/15/35   2/21 at 100.00 AA 2,917,880
5,000   5.500%, 8/15/40   2/21 at 100.00 AA 5,316,750
1,395   Monroe County Industrial Development Corporation, New York, Revenue Bonds, Rochester General Hospital Project, Series 2013A, 5.000%, 12/01/42   12/22 at 100.00 A- 1,503,168
1,715   Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Refunding Series 2011, 5.000%, 7/01/28   7/21 at 100.00 A- 1,833,747
1,000   Westchester County Local Development Corporation, New York, Revenue Bonds, Westchester Medical Center Obligated Group Project, Refunding Series 2016, 5.000%, 11/01/46   11/25 at 100.00 Baa2 1,111,670
95      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Health Care (continued)        
$1,835   Yonkers Industrial Development Agency, New York, Revenue Bonds, St John's Riverside Hospital, Series 2001A, 7.125%, 7/01/31   7/19 at 100.00 B- $1,822,926
975   Yonkers Industrial Development Agency, New York, Revenue Bonds, St John's Riverside Hospital, Series 2001B, 7.125%, 7/01/31   7/19 at 100.00 B- 968,584
23,885   Total Health Care       25,654,833
    Housing/Multifamily – 0.3%        
95   East Syracuse Housing Authority, New York, FHA-Insured Section 8 Assisted Revenue Refunding Bonds, Bennet Project, Series 2001A, 6.700%, 4/01/21   7/19 at 100.00 AA 95,332
855   New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Series 2010D-1A, 5.000%, 11/01/42   5/20 at 100.00 AA+ 881,368
1,525   New York State Housing Finance Agency, Multifamily Housing Revenue Bonds, Cannon Street Senior Housing Project, Series 2007A, 5.300%, 2/15/39 (AMT)   7/19 at 100.00 Aa1 1,527,379
1,000   New York State Housing Finance Agency, Secured Mortgage Program Multifamily Housing Revenue Bonds, Series 2001G, 5.400%, 8/15/33 (AMT)   7/19 at 100.00 Aa1 1,001,790
3,475   Total Housing/Multifamily       3,505,869
    Industrials – 1.5%        
2,145   Build New York City Resource Corporation, New York, Solid Waste Disposal Revenue Bonds, Pratt Paper NY, Inc Project, Series 2014, 5.000%, 1/01/35 (AMT), 144A   1/25 at 100.00 N/R 2,341,268
13,070   New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A   11/24 at 100.00 N/R 14,291,914
15,215   Total Industrials       16,633,182
    Long-Term Care – 0.3%        
650   Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31   7/19 at 100.00 A2 651,105
    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special Needs Facilities Pooled Program, Series 2008A-1:        
455   5.800%, 7/01/23   7/19 at 100.00 N/R 447,283
395   6.100%, 7/01/28   7/19 at 100.00 N/R 382,273
210   6.200%, 7/01/33   7/19 at 100.00 N/R 200,586
1,225   Suffolk County Economic Development Corporation, New York, Revenue Bonds, Peconic Landing At Southold, Inc Project, Refunding Series 2010, 6.000%, 12/01/40   12/20 at 100.00 BBB- 1,286,103
2,935   Total Long-Term Care       2,967,350
    Tax Obligation/General – 7.6%        
    Nassau County, New York, General Obligation Bonds, General Improvement Series 2016C:        
2,000   5.000%, 4/01/39  –  BAM Insured   4/26 at 100.00 AA 2,334,280
1,000   5.000%, 4/01/40  –  BAM Insured   4/26 at 100.00 AA 1,164,290
    New York City, New York, General Obligation Bonds, Fiscal 2012 Series A-1:        
1,900   5.000%, 10/01/30   10/22 at 100.00 Aa1 2,108,753
1,915   5.000%, 10/01/31   10/22 at 100.00 Aa1 2,123,390
3,000   5.000%, 10/01/33   10/22 at 100.00 Aa1 3,318,360
      96
Nuveen New York Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/General (continued)        
    New York City, New York, General Obligation Bonds, Fiscal 2013 Series F-1:        
$1,810   5.000%, 3/01/32   3/23 at 100.00 Aa1 $2,022,548
6,100   5.000%, 3/01/37   3/23 at 100.00 Aa1 6,783,993
2,000   New York City, New York, General Obligation Bonds, Fiscal 2014 Series D-1, 5.000%, 8/01/30   8/23 at 100.00 Aa1 2,263,860
2,500   New York City, New York, General Obligation Bonds, Fiscal 2015 Series A, 5.000%, 8/01/32   8/24 at 100.00 Aa1 2,894,725
1,650   New York City, New York, General Obligation Bonds, Fiscal 2017 Series B-1, 5.000%, 12/01/41   12/26 at 100.00 Aa1 1,955,927
    New York City, New York, General Obligation Bonds, Fiscal 2018 Series E-1:        
10,420   5.000%, 3/01/39   3/28 at 100.00 Aa1 12,587,256
11,000   5.000%, 3/01/40   3/28 at 100.00 Aa1 13,238,170
    New York City, New York, General Obligation Bonds, Fiscal 2018 Series F-1:        
14,420   5.000%, 4/01/40   4/28 at 100.00 Aa1 17,375,812
5,000   5.000%, 4/01/45   4/28 at 100.00 Aa1 5,994,300
6,670   New York City, New York, General Obligation Bonds, Series 2011D-I, 5.000%, 10/01/34   10/21 at 100.00 Aa1 7,191,260
71,385   Total Tax Obligation/General       83,356,924
    Tax Obligation/Limited – 26.0%        
72   Puerto Rico Urgent Interest Fund Corp (COFINA), National Custodial Taxable Trust Unit, Series 2007A Sr. Bond, 0.000%, 8/01/40   No Opt. Call N/R 63,217
    Dormitory Authority of the State of New York, Residential Institutions for Children Revenue Bonds, Series 2008-A1:        
2,000   5.000%, 6/01/33   7/19 at 100.00 Aa1 2,005,220
2,500   5.000%, 6/01/38   7/19 at 100.00 Aa1 2,506,325
20   Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2009C, 5.125%, 10/01/36  –  AGC Insured   10/19 at 100.00 AA 20,228
5,955   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2011C, 5.000%, 3/15/34   3/21 at 100.00 AA+ 6,294,078
1,000   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2012D, 5.000%, 2/15/37   2/22 at 100.00 AA+ 1,085,520
3,000   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2014C Group C, 5.000%, 3/15/44   3/24 at 100.00 AA+ 3,396,870
6,000   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2015A, 5.000%, 3/15/31   3/25 at 100.00 AA+ 7,070,700
2,835   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2015B Group B, 5.000%, 2/15/32   2/25 at 100.00 AA+ 3,325,427
1,000   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2015B Group C, 5.000%, 2/15/38   2/25 at 100.00 AA+ 1,156,760
7,000   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2017A, 5.000%, 2/15/37   2/27 at 100.00 AA+ 8,353,450
2,825   Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2015B Group A,B&C, 5.000%, 3/15/35   9/25 at 100.00 AA+ 3,327,454
97      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$2,710   Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2017A, 5.000%, 3/15/37   3/27 at 100.00 AA+ $3,251,214
15,000   Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2018C, 4.000%, 3/15/45   3/28 at 100.00 AA+ 16,580,700
    Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2018E Group 4:        
10,000   5.000%, 3/15/44   9/28 at 100.00 AA+ 12,125,400
9,000   5.000%, 3/15/45   9/28 at 100.00 AA+ 10,897,200
    Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D:        
2,000   5.000%, 11/15/28   11/25 at 100.00 BB 2,257,420
2,000   5.000%, 11/15/32   11/25 at 100.00 BB 2,215,100
    Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Second Indenture Fiscal 2017 Series A:        
5,000   5.000%, 2/15/39   2/27 at 100.00 Aa2 5,946,450
5,710   5.000%, 2/15/42   2/27 at 100.00 Aa2 6,753,502
11,470   Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A, 5.250%, 2/15/47   2/21 at 100.00 Aa2 12,151,777
8,335   Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Climate Bond Certified, Green Series 2017A, 5.000%, 11/15/42   5/27 at 100.00 AA 9,910,232
5,450   Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Climate Bond Certified, Green Series 2017B-1, 5.000%, 11/15/47   11/27 at 100.00 AA 6,507,627
4,000   Monroe County Industrial Development Agency, New York, School Facility Revenue Bonds, Rochester Schools Modernization Project, Series 2013, 5.000%, 5/01/28   5/23 at 100.00 AA 4,492,600
    New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2018 Series Subseries S-4A:        
4,000   5.250%, 7/15/35   7/28 at 100.00 AA 5,029,080
4,200   5.250%, 7/15/36   7/28 at 100.00 AA 5,275,620
    New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2019 Subseries S-1:        
14,300   5.000%, 7/15/43   7/28 at 100.00 AA 17,207,476
3,000   5.000%, 7/15/45   7/28 at 100.00 AA 3,605,070
2,780   New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2019 Subseries S-3A, 5.000%, 7/15/36   7/28 at 100.00 AA 3,396,048
8,500   New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series 2015S-2, 5.000%, 7/15/40   7/25 at 100.00 AA 9,867,480
3,950   New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2013 Series I, 5.000%, 5/01/38   5/23 at 100.00 AAA 4,406,620
2,480   New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2014 Series B-1, 5.000%, 11/01/36   5/24 at 100.00 AAA 2,835,409
5,715   New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2014 Series D-1, 5.000%, 2/01/35   2/24 at 100.00 AAA 6,512,414
10,000   New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2015 Series E-1, 5.000%, 2/01/41   2/25 at 100.00 AAA 11,478,300
      98
Nuveen New York Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Tax Obligation/Limited (continued)        
$5,000   New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2017 Series B-1, 5.000%, 8/01/36   8/26 at 100.00 AAA $5,961,250
    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2019 Series A-1:        
1,375   5.000%, 8/01/38   8/28 at 100.00 AAA 1,678,187
10,000   5.000%, 8/01/40   8/28 at 100.00 AAA 12,148,000
9,000   New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds, Subordinate Lien Series 2011C, 5.000%, 11/01/39   11/20 at 100.00 AAA 9,401,940
5,500   New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series 2005B, 5.500%, 4/01/20  –  AMBAC Insured (UB) (5)   No Opt. Call AA+ 5,687,935
5,000   New York State Thruway Authority, Second General Highway and Bridge Trust Fund Bonds, Series 2011A-1, 5.000%, 4/01/31   4/21 at 100.00 AA+ 5,307,500
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1:        
454   4.500%, 7/01/34   7/25 at 100.00 N/R 466,485
4,407   5.000%, 7/01/58   7/28 at 100.00 N/R 4,391,796
    Puerto Rico Urgent Interest Fund Corp (COFINA), National Custodial Taxable Trust Unit, Series 2007A Sr. Bond:        
5,718   0.000%, 8/01/41   No Opt. Call N/R 5,017,199
3,184   0.000%, 8/01/44   No Opt. Call N/R 2,794,177
147   0.000%, 8/01/45   No Opt. Call N/R 123,946
12,954   0.000%, 8/01/46   No Opt. Call N/R 10,917,737
2,000   Suffolk County Judicial Facilities Agency, New York, Lease Revenue Bonds, H Lee Dennison Building, Series 2013, 5.000%, 11/01/33   11/23 at 100.00 BBB+ 2,198,900
    Syracuse Industrial Development Authority, New York, PILOT Revenue Bonds, Carousel Center Project, Refunding Series 2016A:        
5,750   5.000%, 1/01/29 (AMT)   1/26 at 100.00 A- 6,197,752
1,930   5.000%, 1/01/32 (AMT)   1/26 at 100.00 A- 2,055,315
1,250   5.000%, 1/01/34 (AMT)   1/26 at 100.00 A- 1,325,588
1,000   5.000%, 1/01/35 (AMT)   1/26 at 100.00 A- 1,057,800
5,430   5.000%, 1/01/36 (AMT)   1/26 at 100.00 A- 5,724,523
253,906   Total Tax Obligation/Limited       283,764,018
    Transportation – 19.2%        
1,500   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2017A-1, 5.250%, 11/15/57   5/27 at 100.00 AA- 1,763,235
960   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2012H, 5.000%, 11/15/31   11/22 at 100.00 AA- 1,059,178
2,500   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013E, 5.000%, 11/15/32   11/23 at 100.00 AA- 2,817,150
99      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
    Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2014B:        
$2,000   5.250%, 11/15/38   5/24 at 100.00 AA- $2,290,120
1,000   5.250%, 11/15/44   5/24 at 100.00 AA- 1,140,510
    Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2015C-1:        
5,000   5.250%, 11/15/29   11/25 at 100.00 AA 6,043,000
8,610   5.250%, 11/15/31   11/25 at 100.00 AA 10,306,170
    New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx Parking Development Company, LLC Project, Series 2007:        
2,800   5.750%, 10/01/37 (6)   7/19 at 101.00 N/R 1,834,000
2,000   5.875%, 10/01/46 (6)   7/19 at 101.00 N/R 1,310,000
9,500   New York City, Industrial Development Agency, Senior Airport Facilities Revenue Refunding Bonds, TrIPs Obligated Group, Series 2012A, 5.000%, 7/01/28 (AMT)   7/22 at 100.00 BBB+ 10,256,010
3,370   New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade Center Project, Series 2011, 5.000%, 11/15/44   11/21 at 100.00 A+ 3,614,965
    New York State Thruway Authority, General Revenue Junior Indebtedness Obligations, Series 2016A:        
2,225   5.000%, 1/01/36   1/26 at 100.00 A2 2,612,083
8,515   5.000%, 1/01/46   1/26 at 100.00 A2 9,845,298
    New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016:        
3,285   5.000%, 8/01/26 (AMT)   8/21 at 100.00 BB 3,471,522
12,260   5.000%, 8/01/31 (AMT)   8/21 at 100.00 BB 12,892,739
    New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018:        
8,900   5.000%, 1/01/32 (AMT)   1/28 at 100.00 Baa3 10,542,762
3,635   5.000%, 1/01/34 (AMT)   1/28 at 100.00 Baa3 4,278,431
13,685   New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A, 5.000%, 7/01/46 (AMT)   7/24 at 100.00 BBB 15,030,509
3,330   Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Eighty-Forth Series 2014, 5.000%, 9/01/39   9/24 at 100.00 AA- 3,828,401
    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Eighty-Ninth Series 2015:        
2,520   5.000%, 5/01/40   5/25 at 100.00 AA- 2,934,691
480   5.000%, 5/01/45   5/25 at 100.00 AA- 553,560
3,730   Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Ninety-Eighth Series 2016, 5.000%, 11/15/46   11/26 at 100.00 AA- 4,413,560
3,675   Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Ninety-Fifth Series 2016, 5.000%, 10/01/35 (AMT)   10/26 at 100.00 AA- 4,335,398
      100
Nuveen New York Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Transportation (continued)        
$10,000   Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Ninety-Fourth Series 2015, 5.250%, 10/15/55   10/25 at 100.00 AA- $11,721,900
    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Eleventh Series 2018:        
4,225   4.000%, 9/01/43   9/28 at 100.00 AA- 4,670,273
10,230   5.000%, 9/01/48   9/28 at 100.00 AA- 12,406,432
5,000   Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Series 2017, 5.250%, 10/15/57   4/27 at 100.00 AA- 5,962,900
3,585   Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/36   12/20 at 100.00 BBB+ 3,797,447
4,585   Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC, Sixth Series 1997, 5.750%, 12/01/25  –  NPFG Insured (AMT)   7/19 at 100.00 BBB+ 4,759,047
1,365   Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Refunding Series 2017B, 5.000%, 11/15/38   5/27 at 100.00 AA- 1,639,665
3,905   Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Series 2014A, 5.000%, 11/15/39   5/24 at 100.00 AA- 4,460,955
10,000   Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Series 2017A, 5.000%, 11/15/37   5/27 at 100.00 AA- 12,055,800
19,500   Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Series 2017C-2, 5.000%, 11/15/42   11/27 at 100.00 AA- 23,477,415
5,355   Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Series 2019A, 5.000%, 11/15/49   5/29 at 100.00 AA- 6,541,240
1,560   Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Subordinate Lien Series 2002E, 5.500%, 11/15/20  –  NPFG Insured   No Opt. Call A+ 1,650,839
184,790   Total Transportation       210,317,205
    U.S. Guaranteed – 4.2% (7)        
1,000   Albany Capital Resource Corporation, New York, St Peter's Hospital Project, Series 2011, 6.125%, 11/15/30 (Pre-refunded 11/15/20)   11/20 at 100.00 N/R 1,067,450
3,875   Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Series 2009, 6.375%, 7/15/43 (Pre-refunded 1/15/20)   1/20 at 100.00 AA+ 3,996,481
1,600   Canton Capital Resource Corporation, New York, Student Housing Facility Revenue Bonds, Grasse River LLC at SUNY Canton Project Series 2010A, 5.000%, 5/01/40 (Pre-refunded 5/01/20)   5/20 at 100.00 AA 1,653,264
    Dormitory Authority of the State of New York, Insured Revenue Bonds, NYSARC Inc Projects, Series 2007B:        
290   6.000%, 7/01/26 (Pre-refunded 7/01/19)  –  AMBAC Insured   7/19 at 100.00 Aa2 291,001
310   6.000%, 7/01/27 (Pre-refunded 7/01/19)  –  AMBAC Insured   7/19 at 100.00 Aa2 311,070
330   6.000%, 7/01/28 (Pre-refunded 7/01/19)  –  AMBAC Insured   7/19 at 100.00 Aa2 331,139
350   6.000%, 7/01/29 (Pre-refunded 7/01/19)  –  AMBAC Insured   7/19 at 100.00 Aa2 351,207
1,460   6.000%, 7/01/36 (Pre-refunded 7/01/19)  –  AMBAC Insured   7/19 at 100.00 Aa2 1,465,037
1,000   Dormitory Authority of the State of New York, Insured Revenue Bonds, NYSARC Inc Projects, Series 2009A, 6.000%, 7/01/38 (Pre-refunded 7/01/19)   7/19 at 100.00 Aa2 1,003,450
101      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    U.S. Guaranteed (7) (continued)        
$350   Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series 2010, 5.250%, 7/01/30 (Pre-refunded 7/01/20)   7/20 at 100.00 A- $364,707
1,500   Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2009B, 5.000%, 7/01/39 (Pre-refunded 7/01/19)   7/19 at 100.00 Aa2 1,504,110
2,500   Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish Obligated Group, Series 2011A, 5.000%, 5/01/41 (Pre-refunded 5/01/21)   5/21 at 100.00 A- 2,673,275
1,480   Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2009C, 5.125%, 10/01/36 (Pre-refunded 10/01/19)  –  AGC Insured   10/19 at 100.00 AA 1,498,456
1,200   Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 (Pre-refunded 10/01/20)  –  AGM Insured   10/20 at 100.00 AA 1,256,496
1,175   Hempstead Town Local Development Corporation, New York, Revenue Bonds, Molloy College Project, Series 2009, 5.750%, 7/01/39 (Pre-refunded 7/01/19)   7/19 at 100.00 N/R 1,178,877
530   Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A, 5.250%, 2/15/47 (Pre-refunded 2/15/21)   2/21 at 100.00 Aa2 565,017
3,515   Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A, 0.000%, 12/01/19  –  AGM Insured (ETM)   No Opt. Call AA 3,491,133
10,000   Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A, 5.000%, 5/01/38 (Pre-refunded 5/01/21)   5/21 at 100.00 A- 10,693,100
1,165   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2012H, 5.000%, 11/15/31 (Pre-refunded 11/15/22)   11/22 at 100.00 N/R 1,311,941
4,845   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2010D, 5.250%, 11/15/40 (Pre-refunded 11/15/20)   11/20 at 100.00 AA- 5,122,037
3,520   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013A, 5.000%, 11/15/31 (Pre-refunded 5/15/23)   5/23 at 100.00 AA- 4,026,810
1,000   Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013C, 5.000%, 11/15/32 (Pre-refunded 5/15/23)   5/23 at 100.00 AA- 1,143,980
290   Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Refunding Series 2011, 5.000%, 7/01/28 (Pre-refunded 7/01/21)   7/21 at 100.00 N/R 311,521
43,285   Total U.S. Guaranteed       45,611,559
    Utilities – 7.0%        
7,075   Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds, NRG Dunkirk Power Project, Series 2009, 5.875%, 4/01/42   2/20 at 100.00 BBB- 7,238,149
420   Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34   10/22 at 100.00 BBB 447,842
2,485   Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A, 0.000%, 12/01/19  –  AGM Insured   No Opt. Call AA 2,466,338
    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A:        
2,350   0.000%, 6/01/20  –  AGM Insured   No Opt. Call AA 2,312,917
2,000   0.000%, 6/01/24  –  AGM Insured   No Opt. Call AA 1,810,920
2,000   0.000%, 6/01/25  –  AGM Insured   No Opt. Call AA 1,768,860
2,980   Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A, 5.000%, 9/01/44   9/24 at 100.00 A- 3,360,635
      102
Nuveen New York Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Utilities (continued)        
$2,910   Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2017, 5.000%, 9/01/47   9/27 at 100.00 A- $3,444,014
2,430   Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue Refunding Bonds, Covanta Energy Project, Series 2018A, 4.750%, 11/01/42 (AMT), 144A   7/23 at 100.00 B1 2,507,979
2,055   Suffolk County Industrial Development Agency, New York, Revenue Bonds, Nissequogue Cogeneration Partners Facility, Series 1998, 5.500%, 1/01/23 (AMT)   7/19 at 100.00 N/R 2,056,212
10,000   Utility Debt Securitization Authority, New York, Restructuring Bonds, Refunding Series 2015, 5.000%, 12/15/36   12/25 at 100.00 AAA 11,833,700
5,095   Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2013TE, 5.000%, 12/15/41   12/23 at 100.00 AAA 5,793,372
    Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2017:        
15,500   5.000%, 12/15/38   12/27 at 100.00 AAA 18,917,595
3,000   5.000%, 12/15/39   12/27 at 100.00 AAA 3,658,350
7,000   5.000%, 12/15/40   12/27 at 100.00 AAA 8,514,730
67,300   Total Utilities       76,131,613
    Water and Sewer – 7.8%        
10,000   New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2013 Series DD, 5.000%, 6/15/35   6/23 at 100.00 AA+ 11,257,000
4,465   New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2017 Series CC-1, 5.000%, 6/15/46   6/26 at 100.00 AA+ 5,224,050
5,000   New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2017 Series DD, 5.000%, 6/15/47   12/26 at 100.00 AA+ 5,899,700
3,000   New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2018 Series CC-1, 5.000%, 6/15/48   6/27 at 100.00 AA+ 3,558,570
10,905   New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2018 Series EE, 5.000%, 6/15/40   12/27 at 100.00 AA+ 13,161,135
6,675   New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects, Second Resolution, 5.000%, 6/15/34   6/25 at 100.00 AAA 7,903,200
500   New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects, Second Resolution Subordinated Series 2014A, 5.000%, 6/15/30   6/24 at 100.00 AAA 582,115
    New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects-Second Resolution Bonds,:        
1,710   5.000%, 6/15/38   6/27 at 100.00 AAA 2,064,893
6,810   5.000%, 6/15/41   6/26 at 100.00 AAA 8,068,352
1,000   5.000%, 6/15/43   6/28 at 100.00 AAA 1,216,180
2,000   5.000%, 6/15/46   6/27 at 100.00 AAA 2,392,060
103      
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Water and Sewer (continued)        
$2,000   New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects-Second Resolution Bonds, Subordinated SRF Series 2017A, 5.000%, 6/15/42   6/27 at 100.00 AAA $2,404,860
8,800   New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects-Second Resolution Bonds, Subordinated SRF Series 2017E, 5.000%, 6/15/47   6/27 at 100.00 AAA 10,514,504
3,065   New York State Environmental Facilities Corporation, State Revolving Funds Revenue Bonds, 2010 Master Financing Program, Green Series 2017C, 5.000%, 8/15/47   8/27 at 100.00 AAA 3,672,606
900   Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A, 6.000%, 7/01/44   7/19 at 100.00 Ca 902,250
    Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A:        
1,000   4.250%, 7/01/25   7/22 at 100.00 Ca 965,000
505   5.500%, 7/01/28   7/22 at 100.00 Ca 507,525
1,875   5.750%, 7/01/37   7/22 at 100.00 Ca 1,898,438
1,530   6.000%, 7/01/47   7/22 at 100.00 Ca 1,552,950
    Water Authority of Western Nassau County, New York, Water System Revenue Bonds, Series 2015A:        
675   5.000%, 4/01/40   4/25 at 100.00 AA- 771,532
1,050   5.000%, 4/01/45   4/25 at 100.00 AA- 1,195,887
73,465   Total Water and Sewer       85,712,807
$1,014,256   Total Long-Term Investments (cost $977,867,535)       1,035,318,911
    
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    SHORT-TERM INVESTMENTS – 5.9%        
    MUNICIPAL BONDS – 5.9%        
    Education and Civic Organizations – 0.6%        
$7,185   New York City Trust for Cultural Resources, New York, Revenue Bonds, New York Botanical Garden, Variable Rate Demand Obligations, Series 2009A, 1.400%, 7/01/32 (8)   8/19 at 100.00 A-1 $7,185,000
    Housing/Multifamily – 1.2%        
9,490   New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Variable Rate Demand Obligations, Sustainable Neighborhood Series 2017C-4, 1.410%, 5/01/57 (8)   8/19 at 100.00 A-1 9,490,000
      104
Nuveen New York Municipal Bond Fund (continued)
Portfolio of Investments    May 31, 2019
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call
Provisions (2) 		Ratings (3) Value
    Housing/Multifamily (continued)        
$3,905   New York State Housing Finance Agency, 8 East 102nd Street Housing Revenue Bonds, Variable Rate Demand Obligations, Series 2010A, 1.350%, 5/01/44 (8)   8/19 at 100.00 VMIG-1 $3,905,000
13,395   Total Housing/Multifamily       13,395,000
    Tax Obligation/Limited – 4.1%        
20,150   Dormitory Authority of the State of New York, Fifth General Resolution Consolidated Revenue Bonds, City University System, Variable Rate Demand Obligations, Series 2008D, 1.400%, 7/01/31 (8)   8/19 at 100.00 A-1+ 20,150,000
17,640   New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal, Variable Rate Demand Obligations, Series 2013A-7, 1.400%, 8/01/39 (8)   8/19 at 100.00 A-1+ 17,640,000
6,580   New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State Facilities & Equipment, Variable Rate Demand Obligations, Series 2004A-3B, 1.450%, 3/15/33 (8)   8/19 at 100.00 A-1 6,580,000
44,370   Total Tax Obligation/Limited       44,370,000
$64,950   Total Short-Term Investments (cost $64,950,000)       64,950,000
    Total Investments (cost $1,042,817,535) – 100.6%       1,100,268,911
    Floating Rate Obligations – (0.4)%       (4,125,000)
    Other Assets Less Liabilities – (0.2)%       (2,632,888)
    Net Assets – 100%       $1,093,511,023
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
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. A three-tier hierarchy 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 the reporting entity’s own 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).
105      
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $1,035,318,911 $ — $1,035,318,911
Short-Term Investments:        
Municipal Bonds  — 64,950,000  — 64,950,000
Total $ — $1,100,268,911 $ — $1,100,268,911
    
(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) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.  
(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) 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.  
(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  
UB Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 3 - Portfolio Securities and Investments in Derivatives. Inverse Floating Rate Securities for more information.  
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