NPORT-EX 2 GA.htm
1
Nuveen
Georgia
Municipal
Bond
Fund
Portfolio
of
Investments
August
31,
2024
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
LONG-TERM
INVESTMENTS
-
100.5%   
X
178,963,409
MUNICIPAL
BONDS
-
100.5%  
X
178,963,409
CONSUMER
DISCRETIONARY
-
1.1%
$
2,200
Geo.
L.
Smith
II
Georgia
World
Congress
Center
Authority,
Georgia,
Convention
Center
Hotel
Revenue
Bonds,  First
Tier
Series
2021A,
4.000%,
1/01/54
1/31
at
100.00
$
1,971,242
TOTAL
CONSUMER
DISCRETIONARY
1,971,242
EDUCATION
AND
CIVIC
ORGANIZATIONS
-
7.7%
750
Cobb
County
Development
Authority,
Georgia,
Charter
School
Revenue
Bonds,
Northwest
Classical
Academy,
Inc.
Project,
Series
2023A,
6.375%,
6/15/58
6/31
at
100.00
767,074
1,000
Fulton
County
Development
Authority,
Georgia,
General
Revenue
Bonds,
Spelman
College,
Refunding
Series
2015,
5.000%,
6/01/32
6/25
at
100.00
1,013,154
2,000
Fulton
County
Development
Authority,
Georgia,
Revenue
Bonds,
Robert
W.
Woodruff
Arts
Center,
Inc.
Project,
Refunding
Series
2015A,
5.000%,
3/15/36
3/26
at
100.00
2,040,473
2,000
Fulton
County
Development
Authority,
Georgia,
Revenue
Bonds,
Robert
W.
Woodruff
Arts
Center,
Inc.
Project,
Series
2019A,
5.000%,
3/15/44
3/29
at
100.00
2,079,095
2,750
Gwinnett
County
Development
Authority,  Georgia,
Revenue
Bonds,
Georgia
Gwinnett
College
Student
Housing
Project,
Refunding
Series
2017B,
5.000%,
7/01/40
7/27
at
100.00
2,842,436
4,000
Private
Colleges
and
Universities
Authority,
Georgia,
Revenue
Bonds,
Emory
University,
Refunding
Series
2016A,
5.000%,
10/01/46
10/26
at
100.00
4,122,085
605
Private
Colleges
and
Universities
Authority,
Georgia,
Revenue
Bonds,
Mercer
University,
Series
2012B,
5.000%,
10/01/24
No
Opt.
Call
605,695
250
Private
Colleges
and
Universities
Authority,
Georgia,
Revenue
Bonds,
Mercer
University,
Series
2021,
4.000%,
10/01/50
10/31
at
100.00
242,372
TOTAL
EDUCATION
AND
CIVIC
ORGANIZATIONS
13,712,384
HEALTH
CARE
-
10.6%
5,590
Brookhaven
Development
Authority,
Georgia,
Revenue
Bonds,
Children's
Healthcare
of
Atlanta,
Inc.
Project,
Series
2019A,
4.000%,
7/01/49
7/29
at
100.00
5,503,342
550
Cobb
County
Kennestone
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Wellstar
Health
System,
Inc.
Project,
Series
2022A,
4.000%,
4/01/52
4/32
at
100.00
523,528
420
Cobb
County
Kennestone
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Wellstar
Health
System,
Series
2017A,
5.000%,
4/01/36
4/27
at
100.00
435,121
Columbia
County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
WellStar
Health
System,
Inc.
Project,
Series
2023B:
2,000
5.125%,
4/01/53
4/33
at
100.00
2,147,608
2,100
5.750%,
4/01/53
4/33
at
100.00
2,384,880
530
Dalton
Development
Authority,
Georgia,
Revenue
Bonds,
Hamilton
Health
Care
System
Inc.,
Series
2024B,
5.000%,
8/15/40
8/34
at
100.00
588,247
2,355
Fulton
County
Development
Authority,
Georgia,
Revenue
Bonds,
Piedmont
Healthcare,
Inc.
Project,
Series
2014A,
5.000%,
7/01/44
9/24
at
100.00
2,356,744
2,500
Fulton
County
Development
Authority,
Georgia,
Revenue
Bonds,
Piedmont
Healthcare,
Inc.
Project,
Series
2019A,
4.000%,
7/01/49
-
BAM
Insured
7/29
at
100.00
2,449,785
2,500
Savannah
Hospital
Authority,
Georgia,
Revenue
Bonds,
Saint
Joseph's/
Candler
Health
System,
Inc.,
Anticipation
Certificate
Series
2019A,
4.000%,
7/01/43
7/29
at
100.00
2,445,499
TOTAL
HEALTH
CARE
18,834,754
HOUSING/MULTIFAMILY
-
2.0%
3,600
DeKalb
County
Housing
Authority,
Georgia,
Multifamily
Housing
Revenue
Bonds,
Kensington
Station
Project,
Series
2023,
4.000%,
12/01/33
12/30
at
100.00
3,619,086
TOTAL
HOUSING/MULTIFAMILY
3,619,086
Nuveen
Georgia
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
2
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
TAX
OBLIGATION/GENERAL
-
20.1%
Atlanta,
Georgia,
General
Obligation
Bonds,
Public
Improvement
Social
Series
2022A-1:
$
2,000
5.000%,
12/01/39
12/32
at
100.00
$
2,273,668
2,845
5.000%,
12/01/41
12/32
at
100.00
3,197,687
1,880
Carroll
City-County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Tanner
Medical
Center
Inc.
Project,
Series
2020,
4.000%,
7/01/50
7/30
at
100.00
1,829,193
2,000
Carroll
City-County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Tanner
Medical
Center,
Inc.
Project,
Series
2015,
5.000%,
7/01/41
7/25
at
100.00
2,016,331
2,000
Carrollton
Independent
School
System,
Carroll
County,
Georgia,
General
Obligation
Bonds,
Series
2015,
5.000%,
4/01/32
4/26
at
100.00
2,058,179
825
Cherokee
County
School
System,
Georgia,
General
Obligation
Bonds,
Series
2017,
5.000%,
2/01/28
2/27
at
100.00
870,605
850
Coweta
County
Public
Facilities
Authority,
Georgia,
Revenue
Bonds,
Coweta
County
Project,
Series
2022,
5.000%,
9/01/42
9/32
at
100.00
944,384
1,815
Crisp
County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Crisp
County
Hospital
Project,
Series
2021,
4.000%,
7/01/46
7/31
at
100.00
1,751,109
1,100
East
Point
Building
Authority,
Georgia,
Revenue
Bonds,
Water
&
Sewer
Project,
Refunding
Series
2017,
5.000%,
2/01/34
-
AGM
Insured
2/27
at
100.00
1,146,508
800
Effingham
County
School
District,
Georgia,
General
Obligation
Bonds,
Series
2022,
4.000%,
9/01/47
9/32
at
100.00
793,105
5,000
Gainesville
and
Hall
County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Northeast
Georgia
Health
Services
Inc.,
Series
2017B,
5.250%,
2/15/45
2/27
at
100.00
5,166,622
Georgia
State
Road
and
Tollway
Authority,
Guaranteed
Revenue
Bonds,
Managed
Lane
System,
Series
2021A:
1,120
4.000%,
7/15/37
7/31
at
100.00
1,181,811
2,380
4.000%,
7/15/38
7/31
at
100.00
2,500,704
1,625
Greene
County
School
District,
Georgia,
General
Obligation
Bonds,
Series
2023,
4.000%,
6/01/48
6/33
at
100.00
1,601,615
2,000
Gwinnett
County
School
District,
Georgia,
General
Obligation
Bonds,
Series
2019,
5.000%,
2/01/41
2/29
at
100.00
2,142,565
1,360
Lawrenceville
Building
Authority,
Georgia,
Revenue
Bonds,
Lawrenceville
Performing
Arts
Complex
Project,
Series
2019A,
4.000%,
10/01/32
10/28
at
100.00
1,402,927
500
Valdosta
and
Lowndes
County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Refunding
Series
2019A,
5.000%,
10/01/35
10/29
at
100.00
544,470
2,000
Vidalia
School
District,
Toombs
County,
Georgia,
General
Obligation
Bonds,
Series
2016,
5.000%,
8/01/37
2/26
at
100.00
2,044,981
2,325
Walton
County
Water
and
Sewerage
Authority,
Georgia,
Revenue
Bonds,
Oconee-Hard
Creek
Reservoir
Project,
Series
2023,
4.000%,
2/01/47
2/33
at
100.00
2,335,172
TOTAL
TAX
OBLIGATION/GENERAL
35,801,636
TAX
OBLIGATION/LIMITED
-
7.4%
1,500
Atlanta
Development
Authority,
Georgia,
Revenue
Bonds,
New
Downtown
Atlanta
Stadium
Project,
Second
Lien
Series
2015B,
5.000%,
7/01/44
7/25
at
100.00
1,502,834
2,500
Atlanta
Development
Authority,
Georgia,
Revenue
Bonds,
New
Downtown
Atlanta
Stadium
Project,
Senior
Lien
Series
2015A-1,
5.250%,
7/01/44
7/25
at
100.00
2,527,776
425
Atlanta,
Georgia,
Tax
Allocation
Bonds
Atlanta
Station
Project,
Refunding
Series
2017,
5.000%,
12/01/24
No
Opt.
Call
426,462
1,055
Atlanta,
Georgia,
Tax
Allocation
Bonds,
Beltline
Project,
Series
2016D,
5.000%,
1/01/30
1/27
at
100.00
1,097,825
595
Atlanta,
Georgia,
Tax
Allocation
Bonds,
Perry
Bolton
Project
Series
2014,
5.000%,
7/01/34
9/24
at
100.00
595,553
110
Cobb-Marietta
Coliseum
and
Exhibit
Hall
Authority,
Georgia,
Revenue
Bonds,
Refunding
Series
1993,
5.625%,
10/01/26
-
NPFG
Insured
No
Opt.
Call
112,913
95
Cobb-Marietta
Coliseum
and
Exhibit
Hall
Authority,
Georgia,
Revenue
Bonds,
Refunding
Series
2005,
5.500%,
10/01/26
-
NPFG
Insured
No
Opt.
Call
97,729
1,405
Downtown
Smyrna
Development
Authority,
Georgia,
General
Obligation
Bonds,
Series
2005,
5.250%,
2/01/28
No
Opt.
Call
1,480,993
1,671
Georgia
Local
Governments,
Certificates
of
Participation,
Georgia
Municipal
Association,
Series
1998A,
4.750%,
6/01/28
-
NPFG
Insured
No
Opt.
Call
1,720,666
3
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
TAX
OBLIGATION/LIMITED
(continued)
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
$
1,225
0.000%,
7/01/33
7/28
at
86.06
$
864,313
1,825
4.500%,
7/01/34
7/25
at
100.00
1,827,692
985
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2,
4.329%,
7/01/40
7/28
at
100.00
974,157
TOTAL
TAX
OBLIGATION/LIMITED
13,228,913
TRANSPORTATION
-
13.8%
1,000
Atlanta,
Georgia,
Airport
General
Revenue
Bonds,
Green
Series
2024A-1,
5.000%,
7/01/49
7/34
at
100.00
1,098,227
2,000
Atlanta,
Georgia,
Airport
General
Revenue
Bonds,
Series
2022A,
5.000%,
7/01/47
7/32
at
100.00
2,171,240
2,000
Atlanta,
Georgia,
Airport
Passenger
Facilities
Charge
and
General
Revenue
Bonds,
Subordinate
Lien
Series
2019D,
4.000%,
7/01/38,
(AMT)
7/29
at
100.00
1,979,226
Augusta,
Georgia,
Airport
Revenue
Bonds,
Refunding
General
Series
2015A:
160
5.000%,
1/01/32
1/25
at
100.00
160,598
170
5.000%,
1/01/33
1/25
at
100.00
170,611
100
5.000%,
1/01/34
1/25
at
100.00
100,352
150
5.000%,
1/01/35
1/25
at
100.00
150,551
Georgia
Ports
Authority,
Revenue
Bonds,
Series
2021:
4,875
4.000%,
7/01/46
7/31
at
100.00
4,867,522
2,000
4.000%,
7/01/51
7/31
at
100.00
1,947,465
Georgia
Ports
Authority,
Revenue
Bonds,
Series
2022:
7,380
4.000%,
7/01/47
7/32
at
100.00
7,316,357
4,200
5.000%,
7/01/47
7/32
at
100.00
4,571,502
TOTAL
TRANSPORTATION
24,533,651
U.S.
GUARANTEED
-
7.6%
(c)
Atlanta,
Georgia,
Water
and
Wastewater
Revenue
Bonds,
Refunding
Series
2015:
7,150
5.000%,
11/01/35,
(Pre-refunded
5/01/25)
5/25
at
100.00
7,262,112
1,980
Gainesville
and
Hall
County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Northeast
Georgia
Health
Services
Inc.,
Series
2014A,
5.500%,
8/15/54,
(Pre-refunded
2/15/25)
2/25
at
100.00
2,004,116
4,000
Sandy
Springs
Public
Facilities
Authority,
Georgia,
Revenue
Bonds,
Sandy
Springs
City
Center
Project,
Series
2015,
5.000%,
5/01/47,
(Pre-refunded
5/01/26)
5/26
at
100.00
4,166,179
TOTAL
U.S.
GUARANTEED
13,432,407
UTILITIES
-
30.2%
Atlanta,
Georgia,
Water
and
Wastewater
Revenue
Bonds,
Refunding
Series
2015:
500
5.000%,
11/01/40
5/25
at
100.00
504,004
1,000
Atlanta,
Georgia,
Water
and
Wastewater
Revenue
Bonds,
Refunding
Series
2017A,
5.000%,
11/01/37
11/27
at
100.00
1,054,636
1,635
Atlanta,
Georgia,
Water
and
Wastewater
Revenue
Bonds,
Refunding
Series
2018A,
5.000%,
11/01/41
11/27
at
100.00
1,710,129
Bainbridge,
Georgia,
Combined
Utilities
Revenue
Bonds,
Series
2021:
1,000
4.000%,
12/01/46
-
BAM
Insured
12/31
at
100.00
992,621
1,170
4.000%,
12/01/51
-
BAM
Insured
12/31
at
100.00
1,135,288
2,000
Burke
County
Development
Authority,
Georgia,
Pollution
Control
Revenue
Bonds,
Georgia
Power
Company,
Fifth
Series
1994,
3.700%,
10/01/32,
(Mandatory
Put
6/13/28)
No
Opt.
Call
2,056,965
1,250
Burke
County
Development
Authority,
Georgia,
Pollution
Control
Revenue
Bonds,
Oglethorpe
Power
Corporation
Vogtle
Project,
Series
2017C,
4.125%,
11/01/45
2/28
at
100.00
1,196,181
2,010
Burke
County
Development
Authority,
Georgia,
Pollution
Control
Revenue
Bonds,
Oglethorpe
Power
Corporation
Vogtle
Project,
Series
2017D,
4.125%,
11/01/45
2/28
at
100.00
1,923,458
2,000
Cartersville,
Georgia,
Water
and
Sewer
Revenue
Bonds,
Series
2018,
5.000%,
6/01/48
6/28
at
100.00
2,074,073
Nuveen
Georgia
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
4
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
UTILITIES
(continued)
$
625
Cherokee
County
Water
and
Sewerage
Authority,
Georgia,
Water
and
Sewerage
Revenue
Bonds,
Series
2023,
5.000%,
8/01/33
No
Opt.
Call
$
735,699
1,900
Dalton,
Georgia,
Combined
Utilities
Revenue
Bonds,
Series
2017,
5.000%,
3/01/31
3/27
at
100.00
1,972,808
1,000
Dalton,
Georgia,
Combined
Utilities
Revenue
Bonds,
Series
2020,
4.000%,
3/01/41
3/30
at
100.00
1,003,350
1,150
DeKalb
County,
Georgia,
Water
and
Sewerage
Revenue
Bonds,
Refunding
Series
2006B,
5.250%,
10/01/32
-
AGM
Insured
10/26
at
100.00
1,197,509
4,000
DeKalb
County,
Georgia,
Water
and
Sewerage
Revenue
Bonds,
Second
Resolution
Series
Series
2022,
5.000%,
10/01/52
10/32
at
100.00
4,335,728
1,000
Fulton
County,
Georgia,
Water
and
Sewerage
Revenue
Bonds,
Refunding
Series
2013,
5.000%,
1/01/33
9/24
at
100.00
1,000,771
2,000
Georgia
Municipal
Electric
Authority,
General
Power
Revenue
Bonds,
Series
2012GG,
5.000%,
1/01/43
9/24
at
100.00
2,000,294
3,000
Georgia
Municipal
Electric
Authority,
Plant
Vogtle
Units
3
&
4
Project
P
Bonds,
Series
2019B,
5.000%,
1/01/48
7/28
at
100.00
3,052,546
2,630
Main
Street
Natural
Gas
Inc.,
Georgia,
Gas
Project
Revenue
Bonds,
Series
2007A,
5.500%,
9/15/27
No
Opt.
Call
2,794,993
2,750
Main
Street
Natural
Gas
Inc.,
Georgia,
Gas
Supply
Revenue
Bonds,
Series
2019A,
5.000%,
5/15/43
5/29
at
100.00
2,845,522
1,525
Main
Street
Natural
Gas
Inc.,
Georgia,
Gas
Supply
Revenue
Bonds,
Series
2019B,
4.000%,
8/01/49,
(Mandatory
Put
12/02/24)
9/24
at
100.43
1,526,220
3,500
Monroe,
Georgia,
Combined
Utilities
Revenue
Bonds,
Series
2020,
4.000%,
12/01/50
-
AGM
Insured
12/30
at
100.00
3,392,730
1,000
Municipal
Electric
Authority
of
Georgia,
Plant
Vogtle
Units
3
&
4
Project
M
Bonds,
Series
2021A,
4.000%,
1/01/51
1/30
at
100.00
949,439
905
Municipal
Electric
Authority
of
Georgia,
Plant
Vogtle
Units
3
&
4
Project
P
Bonds,
Series
2021A,
5.000%,
1/01/56
1/30
at
100.00
920,890
3,500
Municipal
Electric
Authority
of
Georgia,
Project
One
Revenue
Bonds,
Subordinate
Lien
Series
2015A,
0.000%,
1/01/32
No
Opt.
Call
2,657,644
Municipal
Electric
Authority
of
Georgia,
Project
One
Revenue
Bonds,
Subordinate
Lien
Series
2020A:
2,000
5.000%,
1/01/45
1/31
at
100.00
2,115,247
2,500
5.000%,
1/01/50
1/31
at
100.00
2,620,830
2,405
5.000%,
1/01/59
7/28
at
100.00
2,436,317
1,500
Sinclair
Water
Authority,
Georgia,
Revenue
Bonds,
Refunding
Series
2019,
4.000%,
4/01/44
4/29
at
100.00
1,490,639
1,000
South
Fulton
Municipal
Regional
Water
and
Sewer
Authority,
Georgia,
Revenue
Bonds,
Refunding
Series
2014,
5.000%,
1/01/31
9/24
at
100.00
1,005,340
1,045
Walton
County
Water
and
Sewerage
Authority,
Georgia,
Revenue
Bonds,
Walton?Hard
Labor
Creek
Reservoir
Water
Treatment
Facility
Project,
Series
2022,
5.000%,
2/01/53
8/32
at
100.00
1,127,465
TOTAL
UTILITIES
53,829,336
TOTAL
MUNICIPAL
BONDS
(cost
$177,918,782)
178,963,409
TOTAL
LONG-TERM
INVESTMENTS
(cost
$177,918,782)
178,963,409
OTHER
ASSETS
&
LIABILITIES,
NET
-
(0.5)%
(
866,758
)
NET
ASSETS
-
100%
$
178,096,651
5
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
178,963,409
$
–
$
178,963,409
Total
$
–
$
178,963,409
$
–
$
178,963,409
(a)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(b)
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.
(c)
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.
AMT
Alternative
Minimum
Tax
6
Nuveen
Louisiana
Municipal
Bond
Fund
Portfolio
of
Investments
August
31,
2024
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
LONG-TERM
INVESTMENTS
-
95.5%   
X
213,398,796
MUNICIPAL
BONDS
-
92.1%  
X
213,398,796
CONSUMER
STAPLES
-
1.8%
$
2,770
Buckeye
Tobacco
Settlement
Financing
Authority,
Ohio,
Tobacco
Settlement
Asset-Backed
Revenue
Bonds,
Refunding
Senior
Lien
Series
2020A-2
Class
1,
3.000%,
6/01/48
6/30
at
100.00
$
2,097,167
600
Guam
Economic
Development
&
Commerce
Authority,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2007A,
5.250%,
6/01/32
9/24
at
100.00
599,949
315
(c)
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%,
6/01/45
6/26
at
100.00
300,121
175
Tobacco
Settlement
Financing
Corporation,
New
Jersey,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018B,
5.000%,
6/01/46
6/28
at
100.00
176,651
1,160
TSASC
Inc.,
New
York,
Tobacco
Asset-Backed
Bonds,
Series
2006,
5.000%,
6/01/48
6/27
at
100.00
1,049,363
TOTAL
CONSUMER
STAPLES
4,223,251
EDUCATION
AND
CIVIC
ORGANIZATIONS
-
28.0%
1,025
(d)
Jefferson
Parish
Economic
Development
and
Port
District,
Louisiana,
Kenner
Discovery
Health
Sciences
Academy
Project,
Series
2018A,
5.500%,
6/15/38
6/28
at
100.00
1,042,736
815
Lafayette
Public
Trust
Financing
Authority,
Louisiana,
Revenue
Bonds,
Ragin'
Cajun
Facilities
Inc.
Project,
Refunding
Series
2012,
5.000%,
10/01/27
-
AGM
Insured
9/24
at
100.00
816,059
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Ragin'
Cajun
Facilities
Inc.-
Athletic
Facilities
Project,
Refunding
Series
2021:
500
4.000%,
10/01/40
-
AGM
Insured
10/30
at
100.00
496,306
720
4.000%,
10/01/42
-
AGM
Insured
10/30
at
100.00
704,774
3,000
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Ragin'
Cajun
Facilities
Inc.-
Student
Housing
&
Parking
Project,
Series
2018,
5.000%,
10/01/48
-
AGM
Insured
10/27
at
100.00
3,049,884
1,030
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Ragin'
Cajun
Facilities
Inc.-
Student
Union/University
Facilities
Project,
Series
2021,
4.000%,
10/01/39
-
AGM
Insured
10/30
at
100.00
1,051,456
750
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Ragin
Cajun
Facilities,
Inc.?Lewis
Street
Parking
Garage
Project,
Refunding
Series
2021,
4.000%,
10/01/42
-
AGM
Insured
10/30
at
100.00
734,139
1,000
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
Louisiana
Tech
University
Student
Housing
&
Recreational
Facilities/Innovative
Student
Facilities
Inc.
Project,
Refunding
Series
2015,
5.000%,
10/01/34
-
AGM
Insured
10/25
at
100.00
1,011,659
2,000
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
Louisiana
Tech
University
Student
Housing/Innovative
Student
Facilities
Inc.
Project,
Refunding
Series
2013,
5.000%,
7/01/33
9/24
at
100.00
2,001,609
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
McNeese
State
University
Student
Parking
-
Cowboy
Facilities,
Inc.
Project,
Refunding
Series
2021:
500
3.000%,
3/01/33
3/31
at
100.00
468,666
1,200
3.000%,
3/01/37
3/31
at
100.00
1,058,396
1,270
3.000%,
3/01/39
3/31
at
100.00
1,063,113
1,000
3.000%,
3/01/42
3/31
at
100.00
800,719
2,385
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
Nicholls
State
University
Student
Recreation
Center/NSU
Facilities
Corporation
Project,
Refunding
Series
2021,
4.000%,
10/01/38
10/30
at
100.00
2,201,090
7
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
EDUCATION
AND
CIVIC
ORGANIZATIONS
(continued)
$
2,000
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
Ragin'
Cajun
Facilities
Inc.-
Student
Housing
&
Parking
Project,
Series
2017,
5.000%,
10/01/39
-
AGM
Insured
10/27
at
100.00
$
2,056,556
1,500
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
Southeastern
Louisiana
University
student
Housing/University
Facilities
Project,
Series
2017,
5.000%,
8/01/42
-
AGM
Insured
8/27
at
100.00
1,546,800
1,300
(d)
Louisiana
Publc
Facilities
Authority,
Lousiana
,
Revenue
Bonds,
Lake
Charles
College
Prep
Project,
Series
2019A,
5.000%,
6/01/39
6/27
at
100.00
1,282,564
220
Louisiana
Publc
Facilities
Authority,
Lousiana
,
Revenue
Bonds,
Tulane
University,
Refunding
Series
2017A,
5.000%,
12/15/30
12/27
at
100.00
233,909
Louisiana
Publc
Facilities
Authority,
Lousiana
,
Revenue
Bonds,
Young
Audiences
Charter
School,
Series
2019A:
1,680
(d)
5.000%,
4/01/39
4/27
at
100.00
1,593,218
1,000
(d)
5.000%,
4/01/57
4/27
at
100.00
869,065
Louisiana
Public
Facilities
Authority,
Lease
Revenue
Bonds,
Provident
Group-Flagship
Properties
LLC
-
Louisiana
State
University
GreenHouse
District
Phase
II
Project,
Series
2017:
200
5.000%,
7/01/42
7/27
at
100.00
205,007
1,500
5.000%,
7/01/47
7/27
at
100.00
1,528,470
Louisiana
Public
Facilities
Authority,
Lease
Revenue
Bonds,
Provident
Group-Flagship
Properties
LLC
-
Louisiana
State
University
GreenHouse
District
Phase
III
Project,
Series
2019A:
2,365
4.000%,
7/01/54
7/29
at
100.00
2,170,667
4,510
5.000%,
7/01/59
7/29
at
100.00
4,598,156
Louisiana
Public
Facilities
Authority,
Lease
Revenue
Bonds,
Provident
Group-Flagship
Properties
LLC
-
Louisiana
State
University
Nicolson
Gateway
Project,
Series
2016A:
1,500
5.000%,
7/01/46
7/26
at
100.00
1,516,330
6,000
5.000%,
7/01/51
7/26
at
100.00
6,047,177
Louisiana
Public
Facilities
Authority,
Louisiana,
Revenue
Bonds,
Jefferson
Rise
Charter
School
Project,
Series
2022A:
500
(d)
6.250%,
6/01/52
6/31
at
100.00
504,313
540
(d)
6.375%,
6/01/62
6/31
at
100.00
543,308
270
(d)
Louisiana
Public
Facilities
Authority,
Louisiana,
Revenue
Bonds,
Lincoln
Preparatory
School
Project,
Series
2022A,
6.500%,
6/01/62
6/31
at
100.00
272,454
Louisiana
Public
Facilities
Authority,
Louisiana,
Revenue
Bonds,
Loyola
University
of
New
Orleans
Project,
Refunding
Series
2021:
1,275
4.000%,
10/01/40
10/31
at
100.00
1,246,184
20
4.000%,
10/01/41
10/31
at
100.00
19,369
3,350
4.000%,
10/01/51
10/31
at
100.00
3,014,975
Louisiana
Public
Facilities
Authority,
Louisiana,
Revenue
Bonds,
Loyola
University
of
New
Orleans
Project,
Refunding
Series
2023A:
1,500
(c)
5.000%,
10/01/43
4/33
at
100.00
1,577,148
1,400
(c)
5.250%,
10/01/48
4/33
at
100.00
1,475,514
2,000
(c)
5.250%,
10/01/53
4/33
at
100.00
2,092,129
Louisiana
Public
Facilities
Authority,
Louisiana,
Revenue
Bonds,
Tulane
University,
Refunding
Series
2020A:
2,000
4.000%,
4/01/40
4/30
at
100.00
2,027,165
3,000
Louisiana
Public
Facilities
Authority,
Louisiana,
Revenue
Bonds,
Tulane
University,
Refunding
Series
2023A,
5.000%,
10/15/48
10/32
at
100.00
3,252,347
1,000
(e)
Louisiana
Public
Facilities
Authority,
Revenue
Bonds,
Archdiocese
of
New
Orleans,
Refunding
Series
2017,
5.000%,
7/01/37
7/27
at
100.00
800,000
1,035
Louisiana
Public
Facilities
Authority,
Revenue
Bonds,
Lake
Charles
Charter
Academy
Foundation
Project,
Series
2011A,
8.000%,
12/15/41
9/24
at
100.00
1,037,245
Louisiana
Public
Facilities
Authority,
Revenue
Bonds,
Loyola
University
Project,
Refunding
Series
2017:
2,835
5.250%,
10/01/31
No
Opt.
Call
3,145,359
2,040
5.250%,
10/01/46
10/33
at
100.00
2,166,931
1,500
Louisiana
Public
Facilities
Authority,
Revenue
Bonds,
Southwest
Louisiana
Charter
Academy
Foundation
Project,
Series
2013A,
8.375%,
12/15/43
9/24
at
100.00
1,501,794
TOTAL
EDUCATION
AND
CIVIC
ORGANIZATIONS
64,824,760
Nuveen
Louisiana
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
8
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
HEALTH
CARE
-
12.4%
$
715
(c)
Calcasieu
Parish
Memorial
Hospital
Service
District,
Louisiana,
Revenue
Bonds,
Lake
Charles
Memorial
Hospital,
Refunding
Series
2019,
5.000%,
12/01/34
12/29
at
100.00
$
716,970
390
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-2,
5.000%,
8/01/39
8/29
at
100.00
411,129
505
Illinois
Finance
Authority,
Revenue
Bonds,
Ascension
Health/
fkaPresence
Health
Network,
Series
2016C,
5.000%,
2/15/36
2/27
at
100.00
526,259
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Womans
Hospital
Foundation
Project,
Refunding
Series
2017A:
2,000
4.000%,
10/01/41
10/27
at
100.00
1,954,903
3,000
5.000%,
10/01/41
10/27
at
100.00
3,067,134
2,000
Louisiana
Publc
Facilities
Authority,
Lousiana
,
Revenue
Bonds,
Christus
Health,
Refunding
Series
2019A,
5.000%,
7/01/48
1/29
at
100.00
2,060,957
1,610
Louisiana
Publc
Facilities
Authority,
Lousiana
,
Revenue
Bonds,
Ochsner
Clinic
Foundation
Project,
Refunding
Series
2017,
5.000%,
5/15/46
5/27
at
100.00
1,632,649
Louisiana
Public
Facilities
Authority,
Hospital
Revenue
Bonds,
Franciscan
Missionaries
of
Our
Lady
Health
System,
Series
1998A:
320
5.750%,
7/01/25
No
Opt.
Call
328,672
4,000
(c)
Louisiana
Public
Facilities
Authority,
Hospital
Revenue
Bonds,
Franciscan
Missionaries
of
Our
Lady
Health
System,
Series
2017A,
5.000%,
7/01/47
7/27
at
100.00
4,081,921
3,000
Louisiana
Public
Facilities
Authority,
Hospital
Revenue
Bonds,
Louisiana
Children's
Medical
Center
Hospital,
Series
2015A-1.
Fixed
Rate
Mode,
5.000%,
6/01/45
6/28
at
100.00
3,087,187
300
Louisiana
Public
Facilities
Authority,
Hospital
Revenue
Bonds,
Louisiana
Children's
Medical
Center
Hospital,
Series
2020A,
4.000%,
6/01/50
6/30
at
100.00
283,231
200
Louisiana
Public
Facilities
Authority,
Revenue
Bonds,
Ochsner
Clinic
Foundation
Project,
Series
2015,
5.000%,
5/15/47
5/25
at
100.00
200,901
Puerto
Rico
Industrial,
Tourist,
Educational,
Medical
and
Environmental
Control
Facilities
Financing
Authority,
Hospital
Revenue
Bonds,
(Hospital
Auxilio
Mutuo
Obligated
Group
Project,
Refunding
Series
2021:
310
5.000%,
7/01/31
No
Opt.
Call
341,054
1,000
5.000%,
7/01/32
7/31
at
100.00
1,083,569
Saint
Tammany
Parish
Hospital
Service
District
1,
Louisiana,
Hospital
Revenue
Bonds,
St.
Tammany
Parish
Hospital
Project,
Refunding
Series
2018A:
1,715
5.000%,
7/01/36
7/28
at
100.00
1,801,889
1,400
5.000%,
7/01/37
7/28
at
100.00
1,468,949
1,000
4.000%,
7/01/43
7/28
at
100.00
922,637
Saint
Tammany
Parish
Hospital
Service
District
2,
Louisiana,
Hospital
Revenue
Bonds,
Series
2021:
1,305
4.000%,
3/01/38
-
BAM
Insured
3/31
at
100.00
1,333,187
1,430
4.000%,
3/01/40
-
BAM
Insured
3/31
at
100.00
1,443,843
1,000
Tangipahoa
Parish
Hospital
Service
District
1,
Louisiana,
Hospital
Revenue
Bonds,
North
Oaks
Health
System
Project,
Refunding
Series
2021,
4.000%,
2/01/39
2/31
at
100.00
973,725
1,085
Terrebonne
Parish
Hospital
Service
District
1,
Louisiana,
Hospital
Revenue
Bonds,
Terrebonne
General
Medical
Center,
Refunding
Series
2013,
4.000%,
4/01/33
9/24
at
100.00
1,085,156
TOTAL
HEALTH
CARE
28,805,922
HOUSING/MULTIFAMILY
-
1.2%
1,810
Louisiana
Housing
Finance
Agency,
Multifamily
Housing
Revenue
Bonds,
Mallard
Crossings
Apartments,
Series
2011,
4.750%,
10/01/29
9/24
at
100.00
1,811,339
1,000
(d)
Louisiana
Publc
Facilities
Authority,
Lousiana
,
Revenue
Bonds,
Provident
Group
-
HSC
Properties
Inc
-
LSU
Health
Foundation,
New
Orleans
Project,
Senior
Lien
Series
2020A-1,
5.500%,
1/01/50
1/30
at
100.00
930,310
TOTAL
HOUSING/MULTIFAMILY
2,741,649
9
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
HOUSING/SINGLE
FAMILY
-
2.1%
$
1,535
Louisiana
Housing
Corporation,
Single
Family
Mortgage
Revenue
Bonds,
Home
Ownership
Program,
Series
2020B,
3.500%,
6/01/50
6/29
at
101.21
$
1,529,727
2,240
Louisiana
Housing
Corporation,
Single
Family
Mortgage
Revenue
Bonds,
Home
Ownership
Program,
Series
2021D,
3.250%,
12/01/52
6/30
at
101.20
2,218,095
1,090
Louisiana
Housing
Corporation,
Single
Family
Mortgage
Revenue
Bonds,
Home
Ownership
Program,
Series
2024A,
4.650%,
12/01/54
6/33
at
100.00
1,085,879
TOTAL
HOUSING/SINGLE
FAMILY
4,833,701
INDUSTRIALS
-
5.1%
835
Iowa
Finance
Authority,
Iowa,
Midwestern
Disaster
Area
Revenue
Bonds,
Alcoa
Inc.
Project,
Series
2012,
4.750%,
8/01/42
9/24
at
100.00
836,944
615
(d)
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Cameron
Parish
GOMESA
Project,
Green
Series
2018,
5.650%,
11/01/37
11/28
at
100.00
658,856
3,155
(d)
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Jefferson
Parish
GOMESA
Project,
Series
2019,
4.000%,
11/01/44
11/29
at
100.00
2,995,401
900
(d)
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
New
Orleans
GOMESA
Project,
Series
2021,
4.000%,
11/01/46
11/30
at
100.00
851,767
85
(d)
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Saint
John
the
Baptist
Parish
GOMESA
Project,
Series
2019,
3.900%,
11/01/44
11/29
at
100.00
79,570
100
(d)
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Saint
Martin
Parish
GOMESA
Project,
Series
2019,
4.400%,
11/01/44
11/28
at
100.00
100,637
1,910
(d)
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Saint
Tammany
Parish
GOMESA
Project,
Series
2020,
3.875%,
11/01/45
11/29
at
100.00
1,777,733
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Terrebonne
Parish
GOMESA
Project,
Series
2018:
100
(d)
5.375%,
11/01/38
11/28
at
100.00
104,821
100
(d)
5.500%,
11/01/39
11/28
at
100.00
105,967
1,645
(d)
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Vermilion
Parish
GOMESA
Project,
Green
Series
2019,
4.625%,
11/01/38
11/28
at
100.00
1,694,785
1,000
(d),(e)
Louisiana
Public
Facilities
Authority,
Solid
Waste
Disposal
Facility
Revenue
Bonds,  
Lousiana
Pellets
Inc
Project,
Series
2015,
7.000%,
7/01/24,
(AMT)
No
Opt.
Call
10
2,000
(c),(d)
Saint
James
Parish,
Louisiana,
Revenue
Bonds,
NuStar
Logistics,
L.P.
Project,
Series
2008,
6.100%,
6/01/38,
(Mandatory
Put
6/01/30)
No
Opt.
Call
2,228,704
205
(c),(d)
Saint
James
Parish,
Louisiana,
Revenue
Bonds,
NuStar
Logistics,
L.P.
Project,
Series
2010B,
6.100%,
12/01/40,
(Mandatory
Put
6/01/30)
No
Opt.
Call
229,001
250
(d)
Saint
Paul
Port
Authority,
Minnesota,
Solid
Waste
Disposal
Revenue
Bonds,
Gerdau
Saint
Paul
Steel
Mill
Project,
Series
2012-7,
4.500%,
10/01/37,
(AMT)
9/24
at
100.00
246,107
TOTAL
INDUSTRIALS
11,910,303
LONG-TERM
CARE
-
1.1%
2,800
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
The
Glen
Retirement
System
Project,
Series
2019A,
5.000%,
1/01/49
1/26
at
103.00
2,144,413
400
Saint
Tammany
Public
Trust
Financing
Authority,
Louisiana,
Revenue
Bonds,
Christwood
Project,
Refunding
Series
2015,
5.250%,
11/15/37
11/24
at
100.00
395,097
TOTAL
LONG-TERM
CARE
2,539,510
MATERIALS
-
0.4%
1,000
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
Westlake
Chemical
Corporation
Projects,
Refunding
Series
2017,
3.500%,
11/01/32
11/27
at
100.00
977,021
TOTAL
MATERIALS
977,021
Nuveen
Louisiana
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
10
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
TAX
OBLIGATION/GENERAL
-
7.5%
Calcasieu
Parish
School
District
23,
Louisiana,
General
Obligation
Bonds,
Public
School
Improvement
Series
2019:
$
1,055
4.000%,
9/01/37
-
BAM
Insured
9/29
at
100.00
$
1,073,356
1,600
4.000%,
9/01/38
-
BAM
Insured
9/29
at
100.00
1,619,419
Cameron
Parish
School
District
15,
Louisiana,
General
Obligtion
Bonds,
Series
2021:
265
4.000%,
10/01/37
10/30
at
100.00
267,371
350
4.000%,
10/01/39
10/30
at
100.00
350,309
425
4.000%,
10/01/40
10/30
at
100.00
423,437
Livingston
Parish
School
District
1,
Louisiana,
General
Obligation
Bonds,
Series
2021:
1,050
4.000%,
5/01/38
-
BAM
Insured
5/31
at
100.00
1,073,204
545
4.000%,
5/01/39
-
BAM
Insured
5/31
at
100.00
553,128
1,000
4.000%,
5/01/41
-
BAM
Insured
5/31
at
100.00
1,005,223
980
Louisiana
State,
General
Obligation
Bonds,
Series
2021A,
5.000%,
3/01/41
3/31
at
100.00
1,071,687
3,130
New
Orleans,
Louisiana,
General
Obligation
Bonds,
Audubon
Commission
Projects,
Series
2021,
4.000%,
10/01/37
10/31
at
100.00
3,182,910
New
Orleans,
Louisiana,
General
Obligation
Bonds,
Public
Improvement
Series
2021A:
1,720
5.000%,
12/01/37
12/30
at
100.00
1,886,008
2,000
5.000%,
12/01/46
12/30
at
100.00
2,132,494
New
Orleans,
Louisiana,
General
Obligation
Bonds,
Refunding
Series
2015:
125
5.000%,
12/01/27
12/25
at
100.00
128,484
525
5.000%,
12/01/29
12/25
at
100.00
539,048
1,835
New
Orleans,
Louisiana,
General
Obligation
Bonds,
Refunding
Series
2022,
5.250%,
12/01/38
12/32
at
100.00
2,096,000
TOTAL
TAX
OBLIGATION/GENERAL
17,402,078
TAX
OBLIGATION/LIMITED
-
12.3%
170
(c)
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D,
4.000%,
11/15/39
11/25
at
100.00
165,170
3,000
Jefferson
Sales
Tax
District,
Jefferson
Parish,
Louisiana,
Special
Sales
Tax
Revenue
Bonds,
Series
2017B,
5.000%,
12/01/42
-
AGM
Insured
12/27
at
100.00
3,095,251
Jefferson
Sales
Tax
District,
Jefferson
Parish,
Louisiana,
Special
Sales
Tax
Revenue
Bonds,
Series
2019B:
2,000
4.000%,
12/01/38
-
AGM
Insured
12/29
at
100.00
2,028,520
3,000
4.000%,
12/01/39
-
AGM
Insured
12/29
at
100.00
3,028,452
1,000
(d)
Juban
Trails
Community
Development
District,
Livingston
Parish,
Louisiana,
Special
Assessment  Revenue
Bonds,
Series
2022,
4.250%,
6/01/51
6/32
at
100.00
874,195
1,000
Lakeshore
Villages
Master
Community
Development
District,
Louisiana,
Special
Assessment
Revenue
Bonds,
Series
2022,
5.500%,
6/01/52
6/32
at
100.00
1,022,753
505
Louisiana
Citizens
Property
Insurance
Corporation,
Assessment
Revenue
Bonds,
Refunding
Series
2016A,
5.000%,
6/01/26
No
Opt.
Call
523,888
1,435
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Revenue
Bonds,
Bossier
City
Projects,
Series
2015,
5.000%,
6/01/30
6/25
at
100.00
1,454,832
Louisiana
Stadium
and
Exposition
District,
Revenue
Bonds,
Senior
Series
2023A:
2,325
5.000%,
7/01/48
7/33
at
100.00
2,521,463
1,735
5.250%,
7/01/53
7/33
at
100.00
1,907,006
Louisiana
State
Correctional
Facilities
Corporation,
Lease
Revenue
Bonds,
Correctional
Institution
for
Women
Series
2023:
725
4.000%,
10/01/41
10/33
at
100.00
714,596
1,000
4.000%,
10/01/43
10/33
at
100.00
973,753
Louisiana
State
Correctional
Facilities
Corporation,
Lease
Revenue
Bonds,
Office
of
Juvenile
Justice
Project,
Series
2021:
1,435
4.000%,
10/01/38
10/30
at
100.00
1,436,563
1,490
4.000%,
10/01/39
10/30
at
100.00
1,481,259
4,160
Matching
Fund
Special
Purpose
Securitization
Corporation,
Virgin
Islands,
Revenue
Bonds,
Series
2022A,
5.000%,
10/01/39
10/32
at
100.00
4,337,963
11
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
TAX
OBLIGATION/LIMITED
(continued)
$
365
(d)
Public
Finance
Authority
of
Wisconsin,
Limited
Obligation
PILOT
Revenue
Bonds,
American
Dream
@
Meadowlands
Project,
Series
2017,
5.000%,
12/01/27
No
Opt.
Call
$
358,024
344
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1,
0.000%,
7/01/46
7/28
at
41.38
115,995
Saint
Charles
Parish
School
Board,
Louisiana,
Sales
&
Use
Tax
Bonds,
Series
2019:
750
4.000%,
8/01/37
8/29
at
100.00
763,055
680
4.000%,
8/01/39
8/29
at
100.00
687,332
1,000
The
Industrial
Development
Authority
of
the
City
of
Saint
Louis,
Missouri,
Development
Financing
Revenue
Bonds,
Ballpark
Village
Development
Project,
Series
2017A,
4.750%,
11/15/47
11/26
at
100.00
853,337
42
West
Trace
Community
Development
District,
Westlake,
Louisiana,
Special
Assessment
Revenue
Bonds,
Series
2018,
6.875%,
12/01/46
No
Opt.
Call
38,332
TOTAL
TAX
OBLIGATION/LIMITED
28,381,739
TRANSPORTATION
-
10.0%
1,225
Ascension
Parish
Industrial
development
Board,
Louisiana,
Revenue
Bonds,
Impala
Warehousing
(US)
LLC
Project,
Series
2013,
6.000%,
7/01/36
9/24
at
100.00
1,225,686
785
(c)
Colorado
High
Performance
Transportation
Enterprise,
C-470
Express
Lanes
Revenue
Bonds,
Senior
Lien
Series
2017,
5.000%,
12/31/51
12/24
at
100.00
785,678
1,000
Greater
New
Orleans
Expressway
Commission,
Louisiana,
Toll
Revenue
Bonds,
Subordinate
Lien
Series
2017,
5.000%,
11/01/47
-
AGM
Insured
11/25
at
100.00
1,012,740
2,000
Lake
Charles
Harbor
and
Terminal
District,
Louisiana,
Revenue
Bonds,
Series
2013B,
5.000%,
1/01/34,
(AMT)
9/24
at
100.00
2,001,956
1,185
(d)
Louisiana
Public
Facilities
Authority,
Dock
and
Wharf
Revenue
Bonds,
Impala
Warehousing
(US)
LLC
Project,
Series
2013,
6.500%,
7/01/36,
(AMT)
9/24
at
100.00
1,185,641
1,465
Louisiana
Publics
Facilities
Authority,
Louisiana,
Revenue
Bonds,
I-10
Calcasieu
River
Bridge
Public-Private
Partnership
Project,
Senior
Lien
Series
2024,
5.000%,
9/01/66,
(AMT)
9/34
at
100.00
1,493,870
New
Orleans
Aviation
Board,
Louisiana,
General
Airport
Revenue
Bonds,
Gilf
Opportunity
Zone
Project,
Refunding
Series
2019:
200
4.000%,
1/01/37
1/29
at
100.00
201,811
1,000
4.000%,
1/01/38
1/29
at
100.00
1,010,615
1,015
4.000%,
1/01/39
1/29
at
100.00
1,018,748
2,000
New
Orleans
Aviation
Board,
Louisiana,
General
Airport
Revenue
Bonds,
North
Terminal
Project,
Series
2015B,
5.000%,
1/01/35,
(AMT)
1/25
at
100.00
2,005,251
1,880
New
Orleans
Aviation
Board,
Louisiana,
General
Airport
Revenue
Bonds,
North
Terminal
Project,
Series
2017B,
5.000%,
1/01/48,
(AMT)
1/27
at
100.00
1,893,206
3,100
New
Orleans
Aviation
Board,
Louisiana,
Special
Facility
Revenue
Bonds,
Parking
Facilities
Corporation
Consolidated
Garage
System,
Series
2018A,
5.000%,
10/01/43
-
AGM
Insured
10/28
at
100.00
3,208,263
840
(c)
New
York
Transportation
Development
Corporation,
New
York,
Special
Facilities
Bonds,
LaGuardia
Airport
Terminal
B
Redevelopment
Project,
Series
2016A,
5.000%,
7/01/46,
(AMT)
9/24
at
100.00
839,967
500
(d)
Plaquemines
Port,
Harbor
and
Terminal
District,
Louisuana
,
Facilities
Revenue
Bonds,
NOLA
Terminal
LLC
Project
Dock
and
Wharf
Series
2024A,
9.000%,
12/01/44
12/34
at
100.00
502,195
2,750
Port
New
Orleans
Board
of
Commissioners,
Louisiana,
Revenue
Bonds,
Port
Facilities,
Refunding
Series
2018B,
5.000%,
4/01/45
-
AGM
Insured,
(AMT)
4/28
at
100.00
2,810,702
2,000
Port
New
Orleans
Board
of
Commissioners,
Louisiana,
Revenue
Bonds,
Port
Facilities,
Series
2020
D
(Non-AMT)
and
Series
2020E
(AMT),
5.000%,
4/01/50
4/30
at
100.00
2,080,884
TOTAL
TRANSPORTATION
23,277,213
Nuveen
Louisiana
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
12
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
U.S.
GUARANTEED
-
2.0%
(f)
$
1,000
East
Baton
Rouge
Sewerage
Commission,
Louisiana,
Revenue
Bonds,
Refunding
Series
2014B,
5.000%,
2/01/39,
(Pre-refunded
2/01/25)
2/25
at
100.00
$
1,008,676
1,575
Louisiana
Public
Facilities
Authority,
Hospital
Revenue
and
Refunding
Bonds,
Lafayette
General
Medical
Center
Project,
Series
2016A,
5.000%,
11/01/41,
(Pre-refunded
11/01/25)
11/25
at
100.00
1,616,791
Louisiana
Public
Facilities
Authority,
Hospital
Revenue
Bonds,
Franciscan
Missionaries
of
Our
Lady
Health
System,
Series
1998A:
25
5.750%,
7/01/25,
(ETM)
No
Opt.
Call
25,617
Louisiana
Public
Facilities
Authority,
Louisiana,
Revenue
Bonds,
Tulane
University,
Refunding
Series
2020A:
355
4.000%,
4/01/50,
(Pre-refunded
4/01/30)
4/30
at
100.00
375,472
1,315
New
Orleans,
Louisiana,
Sewerage
Service
Revenue
Bonds,
Series
2015,
5.000%,
6/01/40,
(Pre-refunded
6/01/25)
6/25
at
100.00
1,337,035
200
New
Orleans,
Louisiana,
Water
Revenue
Bonds,
Refunding
Series
2014,
5.000%,
12/01/34,
(Pre-refunded
12/01/24)
12/24
at
100.00
200,925
TOTAL
U.S.
GUARANTEED
4,564,516
UTILITIES
-
8.2%
1,665
East
Baton
Rouge
Sewerage
Commission,
Louisiana,
Revenue
Bonds,
Refunding
Series
2019A,
4.000%,
2/01/45
2/29
at
100.00
1,658,862
505
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,  Refunding
Series
2024A,
5.000%,
7/01/35
7/34
at
100.00
563,597
1,000
(c)
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2020A,
5.000%,
1/01/50
7/30
at
100.00
1,033,949
535
Guam
Power
Authority,
Revenue
Bonds,
Refunding
Series
2024A,
5.000%,
10/01/39
10/34
at
100.00
592,321
1,000
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Revenue
Bonds,
Entergy
Lousiana
,
LLC
Project,
Refunding
Series
2021B,
2.500%,
4/01/36
4/26
at
100.00
845,063
2,750
Louisiana
Public
Facilities
Authority,
Revenue
Bonds,
Cleco
Power
LLC
Project,
Series
2008,
4.250%,
12/01/38
9/24
at
100.00
2,689,482
New
Orleans,
Louisiana,
Sewerage
Service
Revenue
Bonds,
Series
2020B:
1,085
5.000%,
6/01/45
6/30
at
100.00
1,135,474
1,000
4.000%,
6/01/50
6/30
at
100.00
941,152
1,000
Ohio
Water
Development
Authority,
Pollution
Control
Revenue
Refunding
Bonds,
FirstEnergy
Nuclear
Generating
Corporation
Project,
Series
2009A,
4.750%,
6/01/33
No
Opt.
Call
1,064,699
Pineville,
Louisiana,
Utility
Revenue
Bonds,
Series
2022:
1,505
4.000%,
5/01/42
-
BAM
Insured
5/32
at
100.00
1,510,004
1,000
4.000%,
5/01/47
-
BAM
Insured
5/32
at
100.00
978,227
365
Shreveport,
Louisiana,
Water
and
Sewer
Revenue
Bonds,
Junior
Lien
Series
2019B,
4.000%,
12/01/49
-
AGM
Insured
12/28
at
100.00
345,769
1,500
Shreveport,
Louisiana,
Water
and
Sewer
Revenue
Bonds,
Refunding
Series
2020B,
3.000%,
12/01/50
12/30
at
100.00
1,143,986
1,500
(c)
Shreveport,
Louisiana,
Water
and
Sewer
Revenue
Bonds,
Series
2003A
Refunding,
5.000%,
12/01/32
-
BAM
Insured
12/28
at
100.00
1,580,311
2,000
Shreveport,
Louisiana,
Water
and
Sewer
Revenue
Bonds,
Series
2016B,
5.000%,
12/01/41
-
BAM
Insured
12/26
at
100.00
2,059,392
295
Tangipahoa
Water
District,
Tangipahoa,
Louisiana,
Water
Revenue
Bonds,
Series
2021,
4.000%,
12/01/38
-
BAM
Insured
12/31
at
100.00
301,650
500
Virgin
Islands
Water
and
Power
Authority,
Electric
System
Revenue
Bonds,
Series
2007B,
5.000%,
7/01/31
9/24
at
100.00
473,195
TOTAL
UTILITIES
18,917,133
TOTAL
MUNICIPAL
BONDS
(cost
$221,768,266)
213,398,796
13
Investment
in
Derivatives
Total
Return
Swaps
-
OTC
Uncleared
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Shares
Description
(a)
Value
X
7,975,713
COMMON
STOCKS
-
3.4%  
X
7,975,713
UTILITIES
-
3.4%
3,178
(g),(h),(
i
)
Vistra
Vision
LLC
$
7,975,713
TOTAL
UTILITIES
7,975,713
TOTAL
COMMON
STOCKS
(cost
$2,755,685)
7,975,713
TOTAL
LONG-TERM
INVESTMENTS
(cost
$224,523,951)
221,374,509
OTHER
ASSETS
&
LIABILITIES,
NET
-
4.5%
10,478,538
NET
ASSETS
-
100%
$
231,853,047
Pay/
Underlying
Fund
Pay/
Receive
Floating
Payment
Maturity
Notional
Unrealized
Appreciation
Counterparty
Receive
(j)
Reference
Units
Floating
Rate
Rate
Frequency
Date
Amount
(Depreciation)
(k)
Bank
of
America,
N.A.
Pay
MLNVUTES
Index
(l)
(3,639)
Receive
SOFR
minus
0.50%
Maturity
Date
2/9/26
$(370,086)
$(23,400)
Bank
of
America,
N.A.
Pay
MLNVUTES
Index
(l)
(4,067)
Receive
SOFR
minus
0.50%
Maturity
Date
2/9/26
(413,614)
(18,104)
Bank
of
America,
N.A.
Pay
MLNVUTES
Index
(l)
(3,639)
Receive
SOFR
minus
0.50%
Maturity
Date
2/9/26
(370,086)
(16,048)
Bank
of
America,
N.A.
Pay
MLNVUTES
Index
(l)
(3,639)
Receive
SOFR
minus
0.50%
Maturity
Date
2/9/26
(370,086)
(16,523)
Bank
of
America,
N.A.
Pay
MLNVUTES
Index
(l)
(3,639)
Receive
SOFR
minus
0.50%
Maturity
Date
2/9/26
(370,086)
(11,321)
Bank
of
America,
N.A.
Pay
MLNVUTES
Index
(l)
(3,639)
Receive
SOFR
minus
0.50%
Maturity
Date
2/9/26
(370,086)
(12,831)
Bank
of
America,
N.A.
Pay
MLNVUTES
Index
(l)
(3,639)
Receive
SOFR
minus
0.50%
Maturity
Date
2/9/26
(370,086)
(8,458)
Bank
of
America,
N.A.
Pay
MLNVUTES
Index
(l)
(3,639)
Receive
SOFR
minus
0.50%
Maturity
Date
2/9/26
(370,086)
(10,028)
Bank
of
America,
N.A.
Pay
MLNVUTES
Index
(l)
(3,639)
Receive
SOFR
minus
0.50%
Maturity
Date
2/9/26
(370,086)
(9,311)
Goldman
Sachs
International
Pay
GSCBVSTR
Index
(m)
(2,021)
Receive
SOFR
minus
0.50%
Maturity
Date
2/23/26
(189,180)
(4,596)
Goldman
Sachs
International
Pay
GSCBVSTR
Index
(m)
(2,494)
Receive
SOFR
minus
0.50%
Maturity
Date
2/23/26
(233,457)
(1,527)
Goldman
Sachs
International
Pay
GSCBVSTR
Index
(m)
(1,935)
Receive
SOFR
minus
0.50%
Maturity
Date
2/23/26
(181,130)
(450)
Goldman
Sachs
International
Pay
GSCBVSTR
Index
(m)
(3,655)
Receive
SOFR
minus
0.50%
Maturity
Date
2/23/26
(342,135)
2,467
Goldman
Sachs
International
Pay
GSCBVSTR
Index
(m)
(2,494)
Receive
SOFR
minus
0.50%
Maturity
Date
2/23/26
(233,457)
1,486
Goldman
Sachs
International
Pay
GSCBVSTR
Index
(m)
(4,300)
Receive
SOFR
minus
0.50%
Maturity
Date
2/23/26
(402,511)
223
Goldman
Sachs
International
Pay
GSCBVSTR
Index
(m)
(4,085)
Receive
SOFR
minus
0.50%
Maturity
Date
2/23/26
(382,386)
(3,522)
Goldman
Sachs
International
Pay
GSCBVSTR
Index
(m)
(4,386)
Receive
SOFR
minus
0.50%
Maturity
Date
2/23/26
(410,562)
(1,969)
Toronto-Dominion
Bank
Pay
TDCENRGY
Index
(n)
(3,144)
Receive
SOFR
minus
0.60%
Maturity
Date
3/9/26
(323,971)
211
Total
$(6,073,091)
$(133,701
)
Nuveen
Louisiana
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
14
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
213,398,796
$
–
$
213,398,796
Common
Stocks
–
–
7,975,713
7,975,713
Investments
in
Derivatives:
Total
Return
Swaps
-
OTC
Uncleared
*
–
(133,701)
–
(133,701)
Total
$
–
$
213,265,095
$
7,975,713
$
221,240,808
*
Represents
net
unrealized
appreciation
(depreciation).
Fund
Asset
Class
Market
Value
Techniques
Unobservable
Inputs
Range
Weighted
Average
Louisiana
Common
Stocks
$7,975,713
Enterprise
Value
EBITDA
Multiples
10.50-12.50
N/A
(a)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(b)
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
.
(c)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
derivatives.
(d)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$21,031,382
or
9.5%
of
Total
Investments.
(e)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(f)
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.
(g)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(h)
On
March
1,
2024,
Vistra
Corp.
(“
Vistra
”)
completed
its
acquisition
of
Energy
Harbor
Corp
(“ENGH”).  ENGH
was
merged
into
a
newly
formed
subsidiary
of
Vistra
,
Vistra
Vision.  In
connection
with
the
transaction,
holders
of
ENGH
common
stock
received
a
combination
of
cash
and
membership
interests
in
Vistra
Vision.  
These
Vistra
Vision
interests
were
issued
in
a
private
transaction
and
may
have
reduced
secondary
market
liquidity.  On
September
18,
2024,
Vistra
and
Nuveen
agreed
to
terms
for
the
sale
of
the
Vistra
Vision
interest.
In
exchange
for
its
membership
interest
in
Vistra
Vision,
Nuveen
will
receive
a
series
of
cash
payments
from
Vistra
over
a
two-year
period
from
September
18,
2024
through
December
31,
2026.
(
i
)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(j)
Receive
represents
that
the
Fund
receives
payments
for
any
positive
net
return
on
the
underlying
reference.
The
Fund
makes
payments
for
any
negative
net
return
on
such
underlying
reference.
Pay
represents
that
the
Fund
receives
payments
for
any
negative
net
return
on
the
underlying
reference.
The
Fund
makes
(k)
payments
for
any
positive
net
return
on
such
underlying
reference.
The
unrealized
appreciationi
/depreciation
on
the
total
return
swap
contracts
is
equal
to
their
market
value.
(l)
The
following
table
represents
the
individual
postions
within
each
Bank
of
America,
N.A.
total
return
swaps:
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,403)
$(58,292)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(453)
(9,870)
2.7%
Brookfield
Renewable
Corp
(236)
(6,711)
1.8%
Clearway
Energy
Inc
(121)
(3,497)
0.9%
Constellation
Energy
Corp
(512)
(100,801)
27.2%
NextEra
Energy
Inc
(211)
(16,956)
4.6%
Northland
Power
Inc
(393)
(8,110)
2.2%
Public
Service
Enterprise
Group
Inc
(734)
(59,307)
16.0%
Vistra
Corp
(1,247)
(106,543)
28.8%
Total
$(370,086)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,803)
$(65,148)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(506)
(11,031)
2.7%
Brookfield
Renewable
Corp
(263)
(7,500)
1.8%
Clearway
Energy
Inc
(135)
(3,908)
0.9%
Constellation
Energy
Corp
(573)
(112,656)
27.2%
15
NextEra
Energy
Inc
(235)
(18,950)
4.6%
Northland
Power
Inc
(439)
(9,064)
2.2%
Public
Service
Enterprise
Group
Inc
(821)
(66,283)
16.0%
Vistra
Corp
(1,394)
(119,074)
28.8%
Total
$(413,614)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,403)
$(58,292)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(453)
(9,870)
2.7%
Brookfield
Renewable
Corp
(236)
(6,711)
1.8%
Clearway
Energy
Inc
(121)
(3,497)
0.9%
Constellation
Energy
Corp
(512)
(100,801)
27.2%
NextEra
Energy
Inc
(211)
(16,956)
4.6%
Northland
Power
Inc
(393)
(8,110)
2.2%
Public
Service
Enterprise
Group
Inc
(734)
(59,307)
16.0%
Vistra
Corp
(1,247)
(106,543)
28.8%
Total
$(370,086)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,403)
$(58,292)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(453)
(9,870)
2.7%
Brookfield
Renewable
Corp
(236)
(6,711)
1.8%
Clearway
Energy
Inc
(121)
(3,497)
0.9%
Constellation
Energy
Corp
(512)
(100,801)
27.2%
NextEra
Energy
Inc
(211)
(16,956)
4.6%
Northland
Power
Inc
(393)
(8,110)
2.2%
Public
Service
Enterprise
Group
Inc
(734)
(59,307)
16.0%
Vistra
Corp
(1,247)
(106,543)
28.8%
Total
$(370,086)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,403)
$(58,292)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(453)
(9,870)
2.7%
Brookfield
Renewable
Corp
(236)
(6,711)
1.8%
Clearway
Energy
Inc
(121)
(3,497)
0.9%
Constellation
Energy
Corp
(512)
(100,801)
27.2%
NextEra
Energy
Inc
(211)
(16,956)
4.6%
Northland
Power
Inc
(393)
(8,110)
2.2%
Public
Service
Enterprise
Group
Inc
(734)
(59,307)
16.0%
Vistra
Corp
(1,247)
(106,543)
28.8%
Total
$(370,086)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,403)
$(58,292)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(453)
(9,870)
2.7%
Brookfield
Renewable
Corp
(236)
(6,711)
1.8%
Clearway
Energy
Inc
(121)
(3,497)
0.9%
Constellation
Energy
Corp
(512)
(100,801)
27.2%
NextEra
Energy
Inc
(211)
(16,956)
4.6%
Northland
Power
Inc
(393)
(8,110)
2.2%
Public
Service
Enterprise
Group
Inc
(734)
(59,307)
16.0%
Vistra
Corp
(1,247)
(106,543)
28.8%
Total
$(370,086)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,403)
$(58,292)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(453)
(9,870)
2.7%
Brookfield
Renewable
Corp
(236)
(6,711)
1.8%
Clearway
Energy
Inc
(121)
(3,497)
0.9%
Constellation
Energy
Corp
(512)
(100,801)
27.2%
NextEra
Energy
Inc
(211)
(16,956)
4.6%
Northland
Power
Inc
(393)
(8,110)
2.2%
Public
Service
Enterprise
Group
Inc
(734)
(59,307)
16.0%
Vistra
Corp
(1,247)
(106,543)
28.8%
Nuveen
Louisiana
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
16
Total
$(370,086)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,403)
$(58,292)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(453)
(9,870)
2.7%
Brookfield
Renewable
Corp
(236)
(6,711)
1.8%
Clearway
Energy
Inc
(121)
(3,497)
0.9%
Constellation
Energy
Corp
(512)
(100,801)
27.2%
NextEra
Energy
Inc
(211)
(16,956)
4.6%
Northland
Power
Inc
(393)
(8,110)
2.2%
Public
Service
Enterprise
Group
Inc
(734)
(59,307)
16.0%
Vistra
Corp
(1,247)
(106,543)
28.8%
Total
$(370,086)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,403)
$(58,292)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(453)
(9,870)
2.7%
Brookfield
Renewable
Corp
(236)
(6,711)
1.8%
Clearway
Energy
Inc
(121)
(3,497)
0.9%
Constellation
Energy
Corp
(512)
(100,801)
27.2%
NextEra
Energy
Inc
(211)
(16,956)
4.6%
Northland
Power
Inc
(393)
(8,110)
2.2%
Public
Service
Enterprise
Group
Inc
(734)
(59,307)
16.0%
Vistra
Corp
(1,247)
(106,543)
28.8%
Total
$(370,086)
100%
(m)
The
following
table
represents
the
individual
postions
within
each
Goldman
Sachs
International
total
return
swaps:
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(1,746)
$(29,902)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(246)
(5,355)
2.8%
Brookfield
Renewable
Corp
(128)
(3,641)
1.9%
Clearway
Energy
Inc
(32)
(923)
0.5%
Constellation
Energy
Corp
(259)
(51,020)
27.0%
Innergex
Renewable
Energy
Inc
(106)
(966)
0.5%
NextEra
Energy
Inc
(110)
(8,852)
4.7%
Northland
Power
Inc
(220)
(4,542)
2.4%
Public
Service
Enterprise
Group
Inc
(385)
(31,071)
16.4%
Vistra
Corp
(619)
(52,907)
28.0%
Total
$(189,180)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(2,154)
$(36,901)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(386)
(6,609)
2.8%
Brookfield
Renewable
Corp
(262)
(4,493)
1.9%
Clearway
Energy
Inc
(67)
(1,139)
0.5%
Constellation
Energy
Corp
(3,676)
(62,961)
27.0%
Innergex
Renewable
Energy
Inc
(70)
(1,192)
0.5%
NextEra
Energy
Inc
(638)
(10,924)
4.7%
Northland
Power
Inc
(327)
(5,605)
2.4%
Public
Service
Enterprise
Group
Inc
(2,238)
(38,343)
16.4%
Vistra
Corp
(3,811)
(65,290)
28.0%
Total
$(233,457)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(1,671)
$(28,630)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(299)
(5,128)
2.8%
Brookfield
Renewable
Corp
(203)
(3,486)
1.9%
Clearway
Energy
Inc
(52)
(884)
0.5%
Constellation
Energy
Corp
(2,852)
(48,849)
27.0%
Innergex
Renewable
Energy
Inc
(54)
(925)
0.5%
NextEra
Energy
Inc
(495)
(8,475)
4.7%
Northland
Power
Inc
(254)
(4,349)
2.4%
Public
Service
Enterprise
Group
Inc
(1,737)
(29,749)
16.4%
17
Vistra
Corp
(2,957)
(50,656)
28.0%
Total
$(181,130)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,157)
$(54,079)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(565)
(9,685)
2.8%
Brookfield
Renewable
Corp
(384)
(6,585)
1.9%
Clearway
Energy
Inc
(97)
(1,670)
0.5%
Constellation
Energy
Corp
(5,387)
(92,271)
27.0%
Innergex
Renewable
Energy
Inc
(102)
(1,747)
0.5%
NextEra
Energy
Inc
(935)
(16,009)
4.7%
Northland
Power
Inc
(480)
(8,214)
2.4%
Public
Service
Enterprise
Group
Inc
(3,280)
(56,193)
16.4%
Vistra
Corp
(5,586)
(95,683)
28.0%
Total
$(342,135)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(2,154)
$(36,901)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(386)
(6,609)
2.8%
Brookfield
Renewable
Corp
(262)
(4,493)
1.9%
Clearway
Energy
Inc
(67)
(1,139)
0.5%
Constellation
Energy
Corp
(3,676)
(62,961)
27.0%
Innergex
Renewable
Energy
Inc
(70)
(1,192)
0.5%
NextEra
Energy
Inc
(638)
(10,924)
4.7%
Northland
Power
Inc
(327)
(5,605)
2.4%
Public
Service
Enterprise
Group
Inc
(2,238)
(38,343)
16.4%
Vistra
Corp
(3,811)
(65,290)
28.0%
Total
$(233,457)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,714)
$(63,622)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(665)
(11,395)
2.8%
Brookfield
Renewable
Corp
(452)
(7,747)
1.9%
Clearway
Energy
Inc
(115)
(1,964)
0.5%
Constellation
Energy
Corp
(6,337)
(108,554)
27.0%
Innergex
Renewable
Energy
Inc
(120)
(2,055)
0.5%
NextEra
Energy
Inc
(1,099)
(18,834)
4.7%
Northland
Power
Inc
(564)
(9,664)
2.4%
Public
Service
Enterprise
Group
Inc
(3,859)
(66,109)
16.4%
Vistra
Corp
(6,571)
(112,568)
28.0%
Total
$(402,511)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,528)
$(60,441)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(632)
(10,825)
2.8%
Brookfield
Renewable
Corp
(430)
(7,359)
1.9%
Clearway
Energy
Inc
(109)
(1,866)
0.5%
Constellation
Energy
Corp
(6,020)
(103,126)
27.0%
Innergex
Renewable
Energy
Inc
(114)
(1,952)
0.5%
NextEra
Energy
Inc
(1,045)
(17,892)
4.7%
Northland
Power
Inc
(536)
(9,180)
2.4%
Public
Service
Enterprise
Group
Inc
(3,666)
(62,804)
16.4%
Vistra
Corp
(6,243)
(106,940)
28.0%
Total
$(382,386)
100%
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,788)
$(64,894)
15.8%
Atlantica
Sustainable
Infrastructure
PLC
(678)
(11,623)
2.8%
Brookfield
Renewable
Corp
(461)
(7,901)
1.9%
Clearway
Energy
Inc
(117)
(2,003)
0.5%
Constellation
Energy
Corp
(6,464)
(110,725)
27.0%
Innergex
Renewable
Energy
Inc
(122)
(2,096)
0.5%
NextEra
Energy
Inc
(1,121)
(19,211)
4.7%
Northland
Power
Inc
(575)
(9,857)
2.4%
Nuveen
Louisiana
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
18
Public
Service
Enterprise
Group
Inc
(3,936)
(67,431)
16.4%
Vistra
Corp
(6,703)
(114,820)
28.0%
Total
$(410,562)
100%
(n)
The
following
table
represents
the
individual
postions
within
each
Toronto-Dominion
Bank
total
return
swaps:
Description
Shares
Value
%
of
Index
COMMON
STOCKS
AES
Corp/The
(3,176)
$(54,398)
16.8%
Brookfield
Renewable
Corp
(228)
(6,483)
2.0%
Clearway
Energy
Inc
(56)
(1,623)
0.5%
Constellation
Energy
Corp
(456)
(89,714)
27.7%
Innergex
Renewable
Energy
Inc
(196)
(1,785)
0.6%
NextEra
Energy
Inc
(194)
(15,651)
4.8%
Northland
Power
Inc
(426)
(8,783)
2.7%
Public
Service
Enterprise
Group
Inc
(691)
(55,823)
17.2%
Vistra
Corp
(1,050)
(89,711)
27.7%
Total
$(323,971)
100%
AMT
Alternative
Minimum
Tax
ETM
Escrowed
to
maturity
19
Nuveen
North
Carolina
Municipal
Bond
Fund
Portfolio
of
Investments
August
31,
2024
(Unaudited)
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
LONG-TERM
INVESTMENTS
-
99.7%   
X
536,703,532
MUNICIPAL
BONDS
-
99.7%  
X
536,703,532
EDUCATION
AND
CIVIC
ORGANIZATIONS
-
17.3%
$
1,995
Appalachian
State
University,
North
Carolina,
General
Revenue
Bonds,
Millennial
Campus
End
Zone
Project,
Series
2018,
5.000%,
5/01/44
5/28
at
100.00
$
2,083,412
3,415
Appalachian
State
University,
North
Carolina,
General
Revenue
Bonds,
Series
2019,
4.000%,
10/01/48
10/29
at
100.00
3,313,811
2,000
East
Carolina
University,
North
Carolina,
General
Revenue
Bonds,
Series
2016A,
5.000%,
10/01/29
4/26
at
100.00
2,067,814
Elizabeth
City
State
University,
North
Carolina,
General
Revenue
Bonds,
Series
2019:
620
5.000%,
4/01/26
-
AGM
Insured
No
Opt.
Call
638,607
645
5.000%,
4/01/27
-
AGM
Insured
No
Opt.
Call
676,884
425
5.000%,
4/01/28
-
AGM
Insured
No
Opt.
Call
451,426
465
5.000%,
4/01/29
-
AGM
Insured
No
Opt.
Call
500,381
745
5.000%,
4/01/30
-
AGM
Insured
4/29
at
100.00
801,692
1,500
5.000%,
4/01/40
-
AGM
Insured
4/29
at
100.00
1,568,675
4,500
North
Carolina
Agricultural
&
Technical
State
University,
General
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
10/01/40
10/25
at
100.00
4,577,742
1,000
North
Carolina
Capital
Facilities
Finance
Agency,
Educational
Facilities
Revenue
Bonds,
Campbell
University,
Refunding
Series
2021A,
5.000%,
10/01/33
10/31
at
100.00
1,063,534
North
Carolina
Capital
Facilities
Financing
Agency,
Educational
Facilities
Revenue
Bond,
Meredith
College,
Refunding
Series
2016:
800
4.000%,
6/01/33
6/26
at
100.00
765,157
685
4.000%,
6/01/34
6/26
at
100.00
648,537
5,000
North
Carolina
Capital
Facilities
Financing
Agency,
Educational
Facilities
Revenue
Bond,
Meredith
College,
Refunding
Series
2018,
5.000%,
6/01/38
6/26
at
100.00
5,004,373
5,000
North
Carolina
Capital
Facilities
Financing
Agency,
Educational
Facility
Revenue
Bonds,
Wake
Forest
University,
Refunding
Series
2016,
4.000%,
1/01/35
7/26
at
100.00
5,063,848
7,500
North
Carolina
Capital
Facilities
Financing
Agency,
Educational
Facility
Revenue
Bonds,
Wake
Forest
University,
Series
2018,
5.000%,
1/01/48
1/28
at
100.00
7,794,233
North
Carolina
Central
University,
General
Revenue
Bonds,
Refunding
Series
2016:
3,140
5.000%,
10/01/26
4/26
at
100.00
3,227,463
3,215
5.000%,
10/01/27
4/26
at
100.00
3,310,544
1,035
North
Carolina
Central
University,
General
Revenue
Bonds,
Series
2019,
5.000%,
4/01/38
4/29
at
100.00
1,086,893
1,000
North
Carolina
State
Education
Assistance
Authority,
Student
Loan
Revenue
Bonds,
Senior
Series
2020A,
5.000%,
6/01/28,
(AMT)
No
Opt.
Call
1,059,452
North
Carolina
State
University
at
Raleigh,
General
Revenue
Bonds,
Refunding
Series
2018:
1,700
4.000%,
10/01/40
10/34
at
100.00
1,760,970
1,790
4.000%,
10/01/41
10/34
at
100.00
1,842,621
North
Carolina
State
University
at
Raleigh,
General
Revenue
Bonds,
Series
2024B:
3,660
4.000%,
10/01/45
10/32
at
100.00
3,700,110
1,250
4.000%,
10/01/46
10/32
at
100.00
1,260,259
5,000
University
of
North
Carolina,
Asheville,
General
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
6/01/42
6/26
at
100.00
5,111,208
University
of
North
Carolina,
Charlotte,
General
Revenue
Bonds,
Refunding
Series
2017A:
230
5.000%,
10/01/31
10/27
at
100.00
244,674
4,415
4.000%,
10/01/40
10/27
at
100.00
4,424,897
University
of
North
Carolina,
Charlotte,
General
Revenue
Bonds,
Series
2017:
2,165
5.000%,
10/01/42
10/27
at
100.00
2,252,074
6,600
5.000%,
10/01/47
10/27
at
100.00
6,843,453
Nuveen
North
Carolina
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
20
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
EDUCATION
AND
CIVIC
ORGANIZATIONS
(continued)
University
of
North
Carolina,
Greensboro,
General
Revenue
Bonds,
Refunding
Series
2017:
$
1,000
5.000%,
4/01/30
4/28
at
100.00
$
1,070,183
835
5.000%,
4/01/31
4/28
at
100.00
891,471
6,000
University
of
North
Carolina,
Greensboro,
General
Revenue
Bonds,
Series
2018,
5.000%,
4/01/43
4/28
at
100.00
6,251,994
4,500
Western
Carolina
University,
North
Carolina,
General
Revenue
Bonds,
Series
2018,
5.000%,
10/01/43
4/28
at
100.00
4,651,343
Western
Carolina
University,
North
Carolina,
General
Revenue
Bonds,
Series
2020B:
6,000
4.000%,
4/01/45
4/30
at
100.00
6,032,509
1,000
4.000%,
4/01/50
4/30
at
100.00
982,825
TOTAL
EDUCATION
AND
CIVIC
ORGANIZATIONS
93,025,069
HEALTH
CARE
-
12.4%
Charlotte-Mecklenburg
Hospital
Authority,
North
Carolina,
Health
Care
Revenue
Bonds,
DBA
Carolinas
HealthCare
System,
Refunding
Series
2016A:
2,000
5.000%,
1/15/25
No
Opt.
Call
2,014,152
3,000
5.000%,
1/15/36
1/26
at
100.00
3,063,732
1,685
5.000%,
1/15/40
1/26
at
100.00
1,715,490
2,000
Charlotte-Mecklenburg
Hospital
Authority,
North
Carolina,
Health
Care
Revenue
Bonds,
DBA
Carolinas
HealthCare
System,
Variable
Rate
Demand
Series
2021B,
5.000%,
1/15/50,
(Mandatory
Put
12/02/24)
No
Opt.
Call
2,008,123
3,750
Charlotte-Mecklenburg
Hospital
Authority,
North
Carolina,
Health
Care
Revenue
Bonds,
Doing
Business
as
Atrium
Health,
Refunding
Series
2018A,
4.000%,
1/15/39
1/29
at
100.00
3,791,781
500
Charlotte-Mecklenburg
Hospital
Authority,
North
Carolina,
Health
Care
Revenue
Bonds,
Doing
Business
as
Atrium
Health,
Refunding
Series
2018D,
3.625%,
1/15/48,
(Mandatory
Put
6/15/27)
No
Opt.
Call
503,005
28,995
North
Carolina
Medical
Care
Commission,
Health
Care
Facilities
Revenue
Bonds,
Novant
Health
Obligated
Group,
Series
2019A,
4.000%,
11/01/49
11/29
at
100.00
28,254,308
2,950
North
Carolina
Medical
Care
Commission,
Health
Care
Facilities
Revenue
Bonds,
Rex
Healthcare,
Series
2015A,
5.000%,
7/01/44
7/25
at
100.00
2,971,826
North
Carolina
Medical
Care
Commission,
Health
Care
Facilities
Revenue
Bonds,
Vidant
Health,
Refunding
Series
2015:
5,860
5.000%,
6/01/40
6/25
at
100.00
5,905,856
3,000
5.000%,
6/01/45
6/25
at
100.00
3,014,270
2,000
North
Carolina
Medical
Care
Commission,
Health
Care
Facilities
Revenue
Bonds,
Wake
Forest
Baptist
Obligated
Group,
Series
2012A,
5.000%,
12/01/45
9/24
at
100.00
2,001,047
North
Carolina
Medical
Care
Commission,
Health
Care
Facilities
Revenues
Bonds,
Wake
Forest
Baptist
Obligated
Group,
Series
2019A:
1,000
5.000%,
12/01/31
12/28
at
100.00
1,072,970
1,000
5.000%,
12/01/33
12/28
at
100.00
1,069,631
8,010
University
of
North
Carolina,
Chapel
Hill,
Revenue
Bonds,
Hospital
System,
Series
2019,
5.000%,
2/01/45
No
Opt.
Call
9,352,884
TOTAL
HEALTH
CARE
66,739,075
HOUSING/SINGLE
FAMILY
-
1.1%
4,995
North
Carolina
Housing
Finance
Agency,
Home
Ownership
Revenue
Bonds,
Series
52-A,
4.900%,
7/01/43
7/32
at
100.00
5,179,936
1,000
North
Carolina
Housing
Finance
Agency,
Home
Ownership
Revenue
Bonds,
Social
Series
52-A,
5.000%,
7/01/46
7/32
at
100.00
1,035,705
TOTAL
HOUSING/SINGLE
FAMILY
6,215,641
LONG-TERM
CARE
-
1.4%
North
Carolina
Medical
Care
Commission,
Health
Care
Facilities
Revenue
Bonds,
Lutheran
Services
for
the
Aging,
Series
2021A:
280
4.000%,
3/01/29
3/28
at
103.00
278,634
285
4.000%,
3/01/30
3/28
at
103.00
283,056
295
4.000%,
3/01/31
3/28
at
103.00
292,172
550
4.000%,
3/01/41
3/28
at
103.00
509,136
21
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
LONG-TERM
CARE
(continued)
$
2,970
North
Carolina
Medical
Care
Commission,
Retirement
Facilities
First
Mortgage
Revenue
Bonds,
EveryAge,
Series
2021A,
4.000%,
9/01/47
9/28
at
103.00
$
2,530,619
1,105
North
Carolina
Medical
Care
Commission,
Retirement
Facilities
First
Mortgage
Revenue
Bonds,
Sharon
Towers,
Series
2019A,
5.000%,
7/01/44
7/26
at
103.00
1,099,421
950
North
Carolina
Medical
Care
Commission,
Retirement
Facilities
First
Mortgage
Revenue
Bonds,
The
Forest
at
Duke,
Inc.,
Series
2021,
4.000%,
9/01/46
9/28
at
103.00
841,533
North
Carolina
Medical
Care
Commission,
Retirement
Facilities
First
Mortgage
Revenue
Bonds,
United
Methodist
Retirement
Homes,
Refunding
Series
2016A:
550
5.000%,
10/01/30
10/26
at
100.00
567,830
225
5.000%,
10/01/31
10/26
at
100.00
232,157
725
North
Carolina
Medical
Care
Commission,
Revenue
Bonds,
First
Mortgage
Galloway
Ridge
Project,
Refunding
Series
2019A,
5.000%,
1/01/39
1/27
at
103.00
702,596
TOTAL
LONG-TERM
CARE
7,337,154
TAX
OBLIGATION/GENERAL
-
8.2%
Asheville,
North
Carolina,
General
Obligation
Bonds,
Refunding
Series
2023:
500
5.000%,
6/01/35
6/33
at
100.00
583,776
500
4.000%,
6/01/39
6/33
at
100.00
528,117
1,750
Charlotte,
North
Carolina,
General
Obligation
Bonds,
Refunding
Series
2016A,
4.000%,
7/01/36
7/26
at
100.00
1,765,479
4,240
Charlotte,
North
Carolina,
General
Obligation
Bonds,
Refunding
Series
2024,
5.000%,
7/01/32
No
Opt.
Call
4,957,252
County
of
Durham,
North
Carolina,
General
Obligation
Bonds,
Refunding
Series
2023:
2,020
4.000%,
6/01/40
6/33
at
100.00
2,113,356
1,000
4.000%,
6/01/41
6/33
at
100.00
1,037,223
1,870
4.000%,
6/01/42
6/33
at
100.00
1,923,924
Davidson
County,
North
Carolina,
General
Obligation
Bonds,
Limited
Obligation
Series
2016:
1,000
5.000%,
6/01/28
6/26
at
100.00
1,037,545
1,795
5.000%,
6/01/30
6/26
at
100.00
1,855,943
3,000
Guilford
County,
North
Carolina,
General
Obligation
Bonds,
School
Series
2024,
4.000%,
3/01/41
3/34
at
100.00
3,119,895
Pender
County,
North
Carolina,
Limited
General
Obligation
Bonds,
Series
2024A:
1,000
5.000%,
4/01/36
4/34
at
100.00
1,159,643
1,000
5.000%,
4/01/38
4/34
at
100.00
1,148,353
1,000
5.000%,
4/01/40
4/34
at
100.00
1,132,944
1,000
5.000%,
4/01/41
4/34
at
100.00
1,124,477
1,260
Sampson
County
Water
&
Sewer
District
II,
North
Carolina,
General
Obligation
Bonds,
Refunding
Series
2015,
5.000%,
6/01/40
6/25
at
100.00
1,269,494
2,970
Union
County,
North
Carolina,
General
Obligation
Bonds,
School
Series
2023,
5.000%,
9/01/42
9/33
at
100.00
3,357,239
810
Wake
County,
North
Carolina,
General
Obligation
Bonds,
Parks,
Greenways,
Recreation
and
Open
Space,
Series
2022C,
5.000%,
2/01/29
No
Opt.
Call
896,604
5,000
Wake
County,
North
Carolina,
General
Obligation
Bonds,
Public
Improvement
Series
2023A,
5.000%,
5/01/39
5/33
at
100.00
5,743,040
500
Wake
County,
North
Carolina,
Limited
Obligation
Bonds,
Refunding
Series
2016A,
5.000%,
12/01/35
12/26
at
100.00
518,474
2,045
Wake
County,
North
Carolina,
Limited
Obligation
Bonds,
Series
2018A,
5.000%,
8/01/36
8/28
at
100.00
2,186,188
Wake
County,
North
Carolina,
Limited
Obligation
Bonds,
Series
2019:
2,000
5.000%,
9/01/30
9/29
at
100.00
2,223,112
2,000
5.000%,
9/01/36
9/29
at
100.00
2,182,564
2,000
Wake
County,
North
Carolina,
Limited
Obligation
Bonds,
Series
2024,
5.000%,
5/01/36
5/34
at
100.00
2,358,893
TOTAL
TAX
OBLIGATION/GENERAL
44,223,535
Nuveen
North
Carolina
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
22
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
TAX
OBLIGATION/LIMITED
-
19.6%
Buncombe
County,
North
Carolina,
Limited
Obligation
Bonds,
Series
2015:
$
1,250
5.000%,
6/01/33
6/25
at
100.00
$
1,266,915
2,375
5.000%,
6/01/34
6/25
at
100.00
2,406,507
1,375
5.000%,
6/01/35
6/25
at
100.00
1,392,757
Burke
County,
North
Carolina,
Limited
Obligation
Bonds,
Series
2018:
400
5.000%,
4/01/29
4/27
at
100.00
421,941
100
5.000%,
4/01/31
4/27
at
100.00
105,202
4,675
Cabarrus
County,
North
Carolina,
Limited
Obligation
Installment
Financing
Contract
Bonds,
Refunding
Series
2022A,
5.000%,
6/01/40
6/32
at
100.00
5,236,234
Charlotte,
North
Carolina,
Certificates
of
Participation,
Convention
Facilities
Project,
Series
2019A:
310
5.000%,
6/01/33
6/29
at
100.00
339,512
1,010
5.000%,
6/01/40
6/29
at
100.00
1,085,040
3,500
5.000%,
6/01/44
6/29
at
100.00
3,723,351
1,465
Charlotte,
North
Carolina,
Certificates
of
Participation,
Nascar
Hall
of
Fame
Public
Facilities,
Refunding
Series
2019C,
4.000%,
6/01/37
6/29
at
100.00
1,500,166
Charlotte,
North
Carolina,
Certificates
of
Participation,
Refunding
Cultural
Arts
Facilities
Series
2019B:
4,080
5.000%,
6/01/35
6/29
at
100.00
4,450,691
1,930
5.000%,
6/01/37
6/29
at
100.00
2,094,426
2,505
Charlotte,
North
Carolina,
Storm
Water
Fee
Revenue
Bonds,
Refunding
Series
2014,
5.000%,
12/01/39
12/24
at
100.00
2,513,186
3,000
Charlotte,
North
Carolina,
Storm
Water
Fee
Revenue
Bonds,
Refunding
Series
2024,
4.000%,
12/01/54
,
(WI/DD)
12/34
at
100.00
2,998,253
Duplin
County,
North
Carolina,
Limited
Obligation
Bonds,
County
Water
Districts,
Series
2016:
1,475
5.000%,
4/01/32
4/26
at
100.00
1,515,609
1,000
5.000%,
4/01/34
4/26
at
100.00
1,025,594
1,265
Durham
Capital
Financing
Corporation,
Durham
County,
North
Carolina,
Limited
Obligation
Bonds,
Refunding
Series
2016,
5.000%,
12/01/30
12/26
at
100.00
1,323,131
900
Greensboro,
North
Carolina
Limited
Obligation
Bonds,
Series
2024,
4.000%,
10/01/44
10/34
at
100.00
902,479
600
Lee
County,
North
Carolina,
Limited
Obligation
Bonds,
Series
2018,
4.000%,
5/01/36
5/28
at
100.00
608,130
Mooresville,
North
Carolina,
Special
Assessment
Revenue
Bonds,
Series
2015:
120
(c)
4.375%,
3/01/25
No
Opt.
Call
119,616
1,600
(c)
5.375%,
3/01/40
3/25
at
100.00
1,529,501
Nags
Head,
North
Carolina,
Limited
Obligation
Bonds,
Series
2023:
660
5.000%,
6/01/37
6/33
at
100.00
761,043
920
5.000%,
6/01/39
6/33
at
100.00
1,048,763
930
5.000%,
6/01/41
6/33
at
100.00
1,045,320
935
5.000%,
6/01/42
6/33
at
100.00
1,046,404
3,620
New
Hanover
County,
North
Carolina,
Limited
Obligation
Bonds,
New
Hanover
County
Financing
Corporation,
Series
2021,
5.000%,
8/01/29
No
Opt.
Call
4,026,796
New
Hanover
County,
North
Carolina,
Limited
Obligation
Bonds,
Series
2024:
1,000
5.000%,
10/01/40
,
(WI/DD)
10/34
at
100.00
1,147,498
1,560
5.000%,
10/01/41
,
(WI/DD)
10/34
at
100.00
1,777,611
680
5.000%,
10/01/42
,
(WI/DD)
10/34
at
100.00
769,879
4,500
North
Carolina
State,
Federal
Grant
Anticipation
Revenue,
Vehicle
Series
2021,
5.000%,
3/01/31
No
Opt.
Call
5,117,075
North
Carolina
State,
Limited
Obligation
Bonds,
Refunding
Series
2017B:
260
5.000%,
5/01/28
5/27
at
100.00
275,812
5,275
5.000%,
5/01/29
5/27
at
100.00
5,589,961
8,950
5.000%,
5/01/30
5/27
at
100.00
9,456,088
2,165
North
Carolina
State,
Limited
Obligation
Bonds,
Series
2020B,
5.000%,
5/01/32
5/30
at
100.00
2,429,646
1,785
North
Carolina
State,
Limited
Obligation
Bonds,
Series
2022A,
5.000%,
5/01/32
No
Opt.
Call
2,072,826
23
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
TAX
OBLIGATION/LIMITED
(continued)
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1:
$
3,554
0.000%,
7/01/33
7/28
at
86.06
$
2,507,567
5,296
4.500%,
7/01/34
7/25
at
100.00
5,303,810
2,200
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
Cofina
Project
Series
2019A-2A,
4.550%,
7/01/40
7/28
at
100.00
2,205,237
7,405
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2,
4.329%,
7/01/40
7/28
at
100.00
7,323,481
Raleigh,
North
Carolina,
Limited
Obligation
Bonds,
Series
2014A:
455
5.000%,
10/01/33
10/24
at
100.00
455,631
750
5.000%,
10/01/34
10/24
at
100.00
751,041
1,000
Rocky
Mount,
North
Carolina,
Special
Obligation
Bonds,
Series
2016,
5.000%,
5/01/29
5/26
at
100.00
1,033,290
2,445
Sampson
County,
North
Carolina,
Limited
Obligaiton
Bonds,
Refunding
Series
2015,
5.000%,
12/01/35
12/25
at
100.00
2,491,944
3,570
Sampson
County,
North
Carolina,
Limited
Obligaiton
Bonds,
Refunding
Series
2017,
5.000%,
9/01/40
9/27
at
100.00
3,694,828
Scotland
County,
North
Carolina,
Limited
Obligation
Bonds,
Series
2017:
500
5.000%,
12/01/30
12/27
at
100.00
526,410
250
5.000%,
12/01/33
12/27
at
100.00
261,335
Scotland
County,
North
Carolina,
Limited
Obligation
Bonds,
Series
2018:
660
5.000%,
12/01/33
12/28
at
100.00
703,865
690
5.000%,
12/01/35
12/28
at
100.00
731,667
1,000
Wilmington,
North
Carolina,
Limited
Obligation
Bonds,
Refunding
Series
2016,
5.000%,
6/01/30
6/26
at
100.00
1,036,545
Wilmington,
North
Carolina,
Limited
Obligation
Bonds,
Series
2023D:
500
5.000%,
9/01/40
9/33
at
100.00
569,255
1,250
5.000%,
9/01/41
9/33
at
100.00
1,410,937
1,250
5.000%,
9/01/43
9/33
at
100.00
1,399,046
TOTAL
TAX
OBLIGATION/LIMITED
105,528,852
TRANSPORTATION
-
20.3%
Charlotte,
North
Carolina,
Airport
Revenue
Bonds,
Charlotte
Douglas
International,
Refunding
Series
2014A:
4,000
5.000%,
7/01/32
9/24
at
100.00
4,004,855
5,000
5.000%,
7/01/33
9/24
at
100.00
5,005,934
4,935
5.000%,
7/01/34
9/24
at
100.00
4,940,719
Charlotte,
North
Carolina,
Airport
Revenue
Bonds,
Charlotte
Douglas
International,
Refunding
Series
2017A:
1,925
5.000%,
7/01/42
7/27
at
100.00
1,996,125
6,610
5.000%,
7/01/47
7/27
at
100.00
6,813,626
5,000
Charlotte,
North
Carolina,
Airport
Revenue
Bonds,
Charlotte
Douglas
International,
Series
2021A,
4.000%,
7/01/51
7/31
at
100.00
4,829,430
North
Carolina
Department
of
Transportation,
Private
Activity
Revenue
Bonds,
I-77
Hot
Lanes
Project,
Series
2015:
1,500
5.000%,
12/31/37,
(AMT)
6/25
at
100.00
1,513,417
11,170
5.000%,
6/30/54,
(AMT)
6/25
at
100.00
11,186,836
North
Carolina
Turnpike
Authority,
Monroe
Expressway
Toll  Revenue
Bonds,
Capital
Appreciation
Series
2017C:
865
0.000%,
7/01/27
7/26
at
96.08
776,465
880
0.000%,
7/01/29
7/26
at
87.76
721,579
175
0.000%,
7/01/32
7/26
at
75.72
123,304
1,500
0.000%,
7/01/34
7/26
at
68.37
952,746
2,905
0.000%,
7/01/35
7/26
at
64.91
1,750,255
3,735
0.000%,
7/01/38
7/26
at
55.68
1,922,978
3,995
0.000%,
7/01/39
7/26
at
52.96
1,953,016
2,385
0.000%,
7/01/40
7/26
at
50.36
1,107,220
1,200
North
Carolina
Turnpike
Authority,
Monroe
Expressway
Toll  Revenue
Bonds,
Series
2017A,
5.000%,
7/01/47
7/26
at
100.00
1,217,539
Nuveen
North
Carolina
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
24
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
TRANSPORTATION
(continued)
North
Carolina
Turnpike
Authority,
Triangle
Expressway
System
Revenue
Bonds,
Capital
Appreciation
Series
2019:
$
5,150
0.000%,
1/01/42
1/30
at
68.97
$
2,459,072
15,500
0.000%,
1/01/47
1/30
at
58.00
5,816,913
6,000
0.000%,
1/01/48
1/30
at
55.97
2,141,761
3,600
0.000%,
1/01/49
1/30
at
54.10
1,227,294
4,875
North
Carolina
Turnpike
Authority,
Triangle
Expressway
System
Revenue
Bonds,
Refunding
Series
2018A,
4.000%,
1/01/36
1/28
at
100.00
4,950,216
North
Carolina
Turnpike
Authority,
Triangle
Expressway
System
Revenue
Bonds,
Senior
Lien
Series
2009B:
70
0.000%,
1/01/34
-
AGC
Insured
No
Opt.
Call
50,089
3,760
0.000%,
1/01/35
-
AGC
Insured
No
Opt.
Call
2,576,836
21,205
0.000%,
1/01/36
-
AGC
Insured
No
Opt.
Call
13,868,967
20,150
0.000%,
1/01/37
-
AGC
Insured
No
Opt.
Call
12,576,876
15,615
0.000%,
1/01/38
-
AGC
Insured
No
Opt.
Call
9,282,056
2,000
North
Carolina
Turnpike
Authority,
Triangle
Expressway
System
Revenue
Bonds,
Senior
Lien
Series
2024A,
5.000%,
1/01/58
-
AGM
Insured
1/34
at
100.00
2,129,779
Raleigh
Durham
Airport
Authority,
North
Carolina,
Airport
Revenue
Bonds,
Refunding
Series
2015A:
1,225
5.000%,
5/01/29
5/25
at
100.00
1,240,228
300
5.000%,
5/01/30
5/25
at
100.00
303,453
TOTAL
TRANSPORTATION
109,439,584
U.S.
GUARANTEED
-
2.5%
(d)
Cary,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2017:
400
4.000%,
12/01/38,
(Pre-refunded
12/01/26)
12/26
at
100.00
412,536
1,700
5.000%,
12/01/41,
(Pre-refunded
12/01/26)
12/26
at
100.00
1,790,119
1,000
High
Point,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2014,
5.000%,
11/01/39,
(Pre-refunded
11/01/24)
11/24
at
100.00
1,003,044
New
Hanover
County,
North
Carolina,
Hospital
Revenue
Bonds,
New
Hanover
Regional
Medical
Center,
Series
2017:
2,895
5.000%,
10/01/35,
(Pre-refunded
10/01/27)
10/27
at
100.00
3,101,067
2,990
5.000%,
10/01/42,
(Pre-refunded
10/01/27)
10/27
at
100.00
3,202,830
960
5.000%,
10/01/47,
(Pre-refunded
10/01/27)
10/27
at
100.00
1,028,333
2,420
North
Carolina
Capital
Facilities
Finance
Agency,
Revenue
Bonds,
Duke
University
Project,
Series
2015
A,
5.000%,
10/01/55,
(Pre-refunded
10/01/25)
10/25
at
100.00
2,484,781
310
North
Carolina
Eastern
Municipal
Power
Agency,
Power
System
Revenue
Bonds,
Refunding
Series
1993B,
6.000%,
1/01/26,
(ETM)
No
Opt.
Call
322,865
TOTAL
U.S.
GUARANTEED
13,345,575
UTILITIES
-
16.9%
1,800
Brunswick
County,
North
Carolina,
Enterprise
System
Revenue
Bonds,
Series
2020,
3.000%,
4/01/46
4/30
at
100.00
1,470,016
Cape
Fear
Public
Utility
Authority,
North
Carolina,  Water
and
Sewer
System
Revenue
Bonds,
Refunding
Series
2019A:
1,895
4.000%,
8/01/38
8/29
at
100.00
1,937,797
6,615
4.000%,
8/01/44
8/29
at
100.00
6,624,682
940
Charlotte,
North
Carolina,
Water
and
Sewer
System
Revenue
Bonds,
Refunding
Series
2015,
5.000%,
7/01/32
7/25
at
100.00
954,388
500
Charlotte,
North
Carolina,
Water
and
Sewer
System
Revenue
Bonds,
Refunding
Series
2018,
5.000%,
7/01/44
7/28
at
100.00
528,164
1,000
Charlotte,
North
Carolina,
Water
and
Sewer
System
Revenue
Bonds,
Series
2024,
5.000%,
7/01/35
7/34
at
100.00
1,193,725
3,875
City
of
Raleigh,
North
Carolina,
Combined
Enterprise
System
Revenue
and
Refunding
Bonds,
Series
2023,
5.000%,
9/01/48
9/33
at
100.00
4,305,973
1,900
Clayton,
North
Carolina,
Water
and
Sewer
System
Revenue
Bonds,
Series
2022,
5.000%,
8/01/45
8/32
at
100.00
2,073,377
1,000
Concord,
North
Carolina,
Utilities
Systems
Revenue
Bonds,
Refunding
Series
2016,
5.000%,
12/01/33
6/26
at
100.00
1,030,986
5,000
Greensboro,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2017A,
4.000%,
6/01/47
6/27
at
100.00
4,993,827
25
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
UTILITIES
(continued)
$
13,060
Greensboro,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2022,
5.250%,
6/01/47
6/32
at
100.00
$
14,562,332
1,000
Greensboro,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2049,
5.000%,
6/01/49
6/34
at
100.00
1,113,916
3,000
Greensboro,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2054,
5.000%,
6/01/54
6/34
at
100.00
3,307,933
Greenville
Utilities
Commission,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2022:
330
4.000%,
12/01/41
12/32
at
100.00
335,284
325
4.000%,
12/01/42
12/32
at
100.00
328,128
300
4.125%,
12/01/43
12/32
at
100.00
304,347
330
4.125%,
12/01/44
12/32
at
100.00
333,637
725
5.000%,
12/01/46
12/32
at
100.00
797,338
3,330
Greenville,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2016,
4.000%,
4/01/46
4/26
at
100.00
3,324,990
4,950
Greenville,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2019,
5.000%,
8/01/44
8/29
at
100.00
5,276,175
600
Jacksonville
City,
North
Carolina,
Enterprise
System
Revenue
Bonds,
Refunding
Series
2016,
5.250%,
5/01/29
No
Opt.
Call
667,132
Johnston
County,
North
Carolina,
Water
and
Sewer
Revenue
Bonds,
Series
2023:
3,500
4.000%,
4/01/48
4/33
at
100.00
3,465,606
4,125
4.000%,
4/01/53
4/33
at
100.00
4,073,888
1,750
Metropolitan
Sewerage
District
of
Buncombe
County,
North
Carolina,
Sewerage
System
Revenue
Bonds,
Series
2014,
5.000%,
7/01/39
9/24
at
100.00
1,751,725
1,430
Monroe,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
3/01/43
3/27
at
100.00
1,459,644
295
North
Carolina
Municipal
Power
Agency
1,
Catawba
Electric
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
1/01/27
1/26
at
100.00
303,155
North
Carolina
Municipal
Power
Agency
1,
Catawba
Electric
Revenue
Bonds,
Refunding
Series
2016A:
3,065
5.000%,
1/01/29
7/26
at
100.00
3,170,978
740
5.000%,
1/01/30
7/26
at
100.00
763,897
Oak
Island,
North
Carolina,
Enterprise
System
Revenue
Bonds,
Refunding
Series
2015:
3,185
5.000%,
6/01/34
6/25
at
100.00
3,220,198
3,345
5.000%,
6/01/35
6/25
at
100.00
3,380,792
Oak
Island,
North
Carolina,
Enterprise
System
Revenue
Bonds,
Refunding
Series
2017:
1,215
5.000%,
6/01/27
No
Opt.
Call
1,285,523
1,335
5.000%,
6/01/28
6/27
at
100.00
1,409,194
1,000
5.000%,
6/01/33
6/27
at
100.00
1,048,496
940
Onslow
County,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Refunding
Series
2016,
5.000%,
12/01/28
12/26
at
100.00
985,099
1,800
Onslow
County,
North
Carolina,
Combined
Enterprise
System
Revenue
Bonds,
Series
2023,
5.000%,
12/01/53
12/33
at
100.00
1,954,722
2,805
Sanford,
North
Carolina,
Enterprise
Systems
Revenue
Bonds,
Refunding
Series
2019,
4.000%,
6/01/45
6/29
at
100.00
2,781,201
Union
County,
North
Carolina,
Enterprise
System
Revenue
Bonds,
Series
2015:
1,020
5.000%,
6/01/31
12/25
at
100.00
1,044,051
500
5.000%,
6/01/32
12/25
at
100.00
511,466
1,400
Union
County,
North
Carolina,
Enterprise
System
Revenue
Bonds,
Series
2019A,
4.000%,
6/01/44
6/29
at
100.00
1,401,956
1,275
Union
County,
North
Carolina,
Enterprise
System
Revenue
Bonds,
Series
2021,
3.000%,
6/01/51
6/31
at
100.00
994,302
Nuveen
North
Carolina
Municipal
Bond
Fund
(continued)
Portfolio
of
Investments
August
31,
2024
(Unaudited)
26
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
UTILITIES
(continued)
$
365
Winston-Salem,
North
Carolina,
Water
and
Sewer
System
Revenue
Bonds,
Refunding
Series
2016A,
5.000%,
6/01/29
6/26
at
100.00
$
379,007
TOTAL
UTILITIES
90,849,047
TOTAL
MUNICIPAL
BONDS
(cost
$525,911,919)
536,703,532
TOTAL
LONG-TERM
INVESTMENTS
(cost
$525,911,919)
536,703,532
OTHER
ASSETS
&
LIABILITIES,
NET
-
0.3%
1,777,593
NET
ASSETS
-
100%
$
538,481,125
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
536,703,532
$
–
$
536,703,532
Total
$
–
$
536,703,532
$
–
$
536,703,532
(a)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(b)
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.
(c)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$1,649,117
or
0.3%
of
Total
Investments.
(d)
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.
AMT
Alternative
Minimum
Tax
ETM
Escrowed
to
maturity
WI/DD
When-issued
or
delayed
delivery
security.