Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 139.2% (99.9% of Total Investments) | ||||||
MUNICIPAL BONDS – 139.2% (99.9% of Total Investments) | ||||||
Arizona – 0.5% (0.4% of Total Investments) | ||||||
$2,000 | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2018A, 6.000%, 7/01/33, 144A | 8/21 at 101.50 | BB | $2,030,920 | ||
1,000 | Northern Arizona University, System Revenue Bonds, Taxable Series 2020A, 3.462%, 6/01/44 – BAM Insured | No Opt. Call | AA | 1,096,160 | ||
3,000 | Total Arizona | 3,127,080 | ||||
California – 30.0% (21.6% of Total Investments) | ||||||
ABAG Finance Authority for Non-Profit Corporations, California, Special Tax Bonds, Community Facilities District 2004-1 Seismic Safety Improvements 690 & 942 Market Street Project, Taxable Refunding: | ||||||
1,950 | 5.100%, 9/01/28 | No Opt. Call | N/R | 2,032,271 | ||
6,125 | 5.500%, 9/01/38 | 9/28 at 100.00 | N/R | 6,567,592 | ||
2,520 | Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Taxable Subordinate Lien Series 2004B, 0.010%, 10/01/31 – AMBAC Insured | No Opt. Call | BBB+ | 1,862,935 | ||
65 | Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Subordinate Lien, Build America Federally Taxable Bond Series 2010S-1, 6.793%, 4/01/30 | No Opt. Call | AA- | 79,537 | ||
California Infrastructure and Economic Development Bank, Revenue Bonds, J David Gladstone Institutes Project, Taxable Series 2019: | ||||||
2,480 | 4.000%, 10/01/39 | 10/29 at 100.00 | A | 2,643,382 | ||
8,260 | 4.658%, 10/01/59 | 10/29 at 100.00 | A | 9,000,096 | ||
1,000 | California Infrastructure and Economic Development Bank, Revenue Bonds, University of California San Francisco Neurosciences Building, Build America Taxable Bond Series 2010B, 6.486%, 5/15/49 | No Opt. Call | AA | 1,499,540 | ||
8,010 | California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Windsor Mobile Country Club, Taxable Refunding Series 20202B, 6.375%, 11/15/48, 144A | 11/30 at 100.00 | N/R | 8,630,775 | ||
4,530 | California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Build America Taxable Bond Series 2009G-2, 8.361%, 10/01/34 (4) | No Opt. Call | Aa3 | 7,200,797 | ||
7,010 | California State University, Systemwide Revenue Bonds, Build America Taxable Bond Series 2010B, 6.484%, 11/01/41 (4) | No Opt. Call | Aa2 | 10,401,648 | ||
4,110 | California State, General Obligation Bonds, Various Purpose, Build America Taxable Bond Series 2010, 7.600%, 11/01/40 (4) | No Opt. Call | Aa2 | 7,186,787 | ||
2,720 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014B, 6.000%, 12/01/24 | No Opt. Call | BB | 3,116,467 | ||
2,025 | Chino Public Financing Authority, California, Local Agency Bonds, Refunding Series 2021A, 4.001%, 9/01/38 | 9/31 at 100.00 | AA | 2,102,821 | ||
1,000 | Inglewood Unified School District, Los Angeles County, California, General Obligation Bonds, Taxable Refunding Series 2021, 2.967%, 8/01/37 – BAM Insured | 8/31 at 100.00 | AA | 1,029,700 |
NBB | Nuveen Taxable Municipal Income Fund (continued) |
Portfolio of Investments June 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
Los Angeles Community College District, California, General Obligation Bonds, Build America Taxable Bonds, Series 2010: | ||||||
$7,500 | 6.600%, 8/01/42 (4) | No Opt. Call | Aaa | $11,876,325 | ||
10,000 | 6.600%, 8/01/42 (UB) (4) | No Opt. Call | Aaa | 15,835,100 | ||
2,000 | Los Angeles Community College District, Los Angeles County, California, General Obligation Bonds, Tender Option Bond Trust 2016-XTG002, Formerly Tender Option Bond Trust TN027, 31.201%, 8/01/49, 144A (IF) (4) | No Opt. Call | Aaa | 9,003,500 | ||
Los Angeles County Public Works Financing Authority, California, Lease Revenue Bonds, Mulitple Capital Projects I, Build America Taxable Bond Series 2010B: | ||||||
2,050 | 7.488%, 8/01/33 | No Opt. Call | AA+ | 2,844,519 | ||
11,380 | 7.618%, 8/01/40 (4) | No Opt. Call | AA+ | 18,535,403 | ||
3,390 | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Build America Taxable Bonds, Series 2009C, 6.582%, 5/15/39 | No Opt. Call | Aa3 | 4,555,855 | ||
80 | Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Federally Taxable - Direct Payment - Build America Bonds, Series 2010A, 5.716%, 7/01/39 | No Opt. Call | Aa2 | 115,486 | ||
1,785 | Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Federally Taxable - Direct Payment - Build America Bonds, Series 2010D, 6.574%, 7/01/45 | No Opt. Call | Aa2 | 2,894,931 | ||
4,000 | Los Angeles Department of Water and Power, California, Water System Revenue Bonds, Tender Option Bond Trust 2016-XFT906, 29.405%, 7/01/50, 144A (IF) (4) | No Opt. Call | AA+ | 18,127,080 | ||
4,250 | Sacramento Public Financing Authority, California, Lease Revenue Bonds, Golden 1 Center, Series 2015, 5.637%, 4/01/50 (4) | No Opt. Call | AA- | 5,856,798 | ||
2,200 | San Diego County Regional Transportation Commission, California, Sales Tax Revenue Bonds, Build America Taxable Bonds Series 2010A, 5.911%, 4/01/48 (4) | No Opt. Call | AAA | 3,333,242 | ||
1,500 | San Francisco City and County Public Utilities Commission, California, Water Revenue Bonds, Taxable Build America Bond Series 2010G, 6.950%, 11/01/50 | No Opt. Call | Aa2 | 2,516,535 | ||
1,000 | San Francisco City and County Redevelopment Financing Authority, California, Tax Allocation Revenue Bonds, San Francisco Redevelopment Projects, Taxable Series 2009E, 8.406%, 8/01/39 | No Opt. Call | AA | 1,676,180 | ||
San Francisco City and County, California, Certificates of Participation, 525 Golden Gate Avenue, San Francisco Public Utilities Commission Office Project, Tender Option Bond 2016-XFT901, Formerly Tender: | ||||||
2,000 | 29.156%, 11/01/41, 144A (IF) (4) | No Opt. Call | AA+ | 6,542,480 | ||
4,000 | 29.156%, 11/01/41, 144A (IF) (4) | No Opt. Call | AA+ | 13,084,960 | ||
1,000 | San Francisco City and County, California, Special Tax Bonds, Community Facilities District 2014-1 Transbay Transit Center, Taxable Series 2019A, 4.125%, 9/01/39 | 9/29 at 100.00 | AA+ | 1,108,790 | ||
2,000 | University of California Regents, Medical Center Pooled Revenue Bonds, Taxable Build America Bond Series 2010H, 6.548%, 5/15/48 (4) | No Opt. Call | AA- | 3,126,140 | ||
2,505 | University of California, General Revenue Bonds, Limited Project, Build America Taxable Bond Series 2010F, 5.946%, 5/15/45 | No Opt. Call | AA- | 3,550,462 | ||
4,675 | Vernon, California, Electric System Revenue Bonds, Series 2008A, 8.590%, 7/01/38 | No Opt. Call | BBB+ | 6,814,420 | ||
119,120 | Total California | 194,752,554 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado – 1.9% (1.4% of Total Investments) | ||||||
$4,335 | Colorado Bridge Enterprise, Revenue Bonds, Federally Taxable Build America Series 2010A, 6.078%, 12/01/40 (4) | No Opt. Call | AA | $6,156,393 | ||
3,100 | Denver School District 1, Colorado, General Obligation Bonds, Build America Taxable Bonds, Series 2009C, 5.664%, 12/01/33 (4) | No Opt. Call | AA+ | 4,112,553 | ||
1,230 | Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project, Build America Series 2010B, 5.844%, 11/01/50 | No Opt. Call | AA+ | 1,988,283 | ||
8,665 | Total Colorado | 12,257,229 | ||||
District of Columbia – 3.0% (2.1% of Total Investments) | ||||||
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien, Build America Bond Series 2009D: | ||||||
1,000 | 7.462%, 10/01/46 – AGM Insured | No Opt. Call | AA | 1,759,910 | ||
10,260 | 7.462%, 10/01/46 (4) | No Opt. Call | A- | 17,542,240 | ||
11,260 | Total District of Columbia | 19,302,150 | ||||
Georgia – 7.9% (5.6% of Total Investments) | ||||||
3,540 | Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Bonds, Cobb County Coliseum Project, Taxable Series 2015, 4.500%, 1/01/47 | 1/26 at 100.00 | AAA | 3,944,445 | ||
2,348 | Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project M Bonds, Taxable Build America Bonds Series 2010A, 6.655%, 4/01/57 | No Opt. Call | A | 3,620,851 | ||
Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project P Bonds, Refunding Taxable Build America Bonds Series 2010A: | ||||||
5,866 | 7.055%, 4/01/57 – AGM Insured | No Opt. Call | AA | 9,175,128 | ||
18,040 | 7.055%, 4/01/57 | No Opt. Call | BBB+ | 26,708,401 | ||
4,926 | Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project J Bonds, Taxable Build America Bonds Series 2010A, 6.637%, 4/01/57 | No Opt. Call | A | 7,474,712 | ||
34,720 | Total Georgia | 50,923,537 | ||||
Hawaii – 0.9% (0.6% of Total Investments) | ||||||
5,460 | Hawaii State, Airports System Customer Facility Charge Revenue Bonds, Taxable Series 2019A, 2.970%, 7/01/39 (4) | 7/29 at 100.00 | A2 | 5,523,336 | ||
Illinois – 10.7% (7.7% of Total Investments) | ||||||
4,030 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2010C, 6.319%, 11/01/29 – BAM Insured | No Opt. Call | AA | 5,124,709 | ||
8,680 | Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Federally Taxable Build America Bonds, Series 2010B, 6.200%, 12/01/40 (4) | No Opt. Call | AA | 12,023,536 | ||
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Taxable Refunding Series 2020B: | ||||||
2,000 | 3.402%, 12/01/32 – BAM Insured | No Opt. Call | AA | 2,243,640 | ||
1,000 | 3.912%, 12/01/40 | No Opt. Call | AA | 1,128,340 | ||
355 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Third Lien, Taxable Build America Bond Series 2010B, 6.395%, 1/01/40 | No Opt. Call | A | 534,424 | ||
1,000 | Chicago, Illinois, Wastewater Transmission Revenue Bonds, Build America Taxable Bond Series 2010B, 6.900%, 1/01/40 | No Opt. Call | A | 1,424,220 |
NBB | Nuveen Taxable Municipal Income Fund (continued) |
Portfolio of Investments June 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$2,105 | Chicago, Illinois, Water Revenue Bonds, Taxable Second Lien Series 2010B, 6.742%, 11/01/40 | No Opt. Call | A | $2,999,309 | ||
3,560 | Illinois International Port District, Revenue Bonds, Taxable Refunding Series 2020, 5.000%, 1/01/35, 144A | 1/26 at 101.00 | N/R | 3,499,302 | ||
2,000 | Illinois State, General Obligation Bonds, Build America Taxable Bonds, Series 2010-5, 7.350%, 7/01/35 | No Opt. Call | Baa2 | 2,585,220 | ||
14,000 | Illinois State, General Obligation Bonds, Taxable Build America Bonds, Series 2010-3, 6.725%, 4/01/35 | No Opt. Call | Baa2 | 17,643,500 | ||
10,312 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Taxable Build America Bond Senior Lien Series 2009A, 6.184%, 1/01/34 (4) | No Opt. Call | AA- | 14,360,285 | ||
2,420 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Taxable Build America Bond Senior Lien Series 2009B, 5.851%, 12/01/34 (4) | No Opt. Call | AA- | 3,358,573 | ||
400 | Northern Illinois Municipal Power Agency, Power Project Revenue Bonds, Prairie State Project, Build America Bond Series 2009C, 6.859%, 1/01/39 | No Opt. Call | A2 | 552,032 | ||
1,325 | Northern Illinois Municipal Power Agency, Power Project Revenue Bonds, Prairie State Project, Build America Taxable Bond Series 2010A, 7.820%, 1/01/40 | No Opt. Call | A2 | 2,057,619 | ||
53,187 | Total Illinois | 69,534,709 | ||||
Indiana – 1.3% (0.9% of Total Investments) | ||||||
5,000 | Indianapolis Local Public Improvement Bond Bank, Indiana, Build America Bonds, Series 2010A-2, 6.004%, 1/15/40 (4) | No Opt. Call | AA+ | 7,048,600 | ||
1,000 | Indianapolis Local Public Improvement Bond Bank, Indiana, Build America Taxable Bonds, Series 2010B-2, 6.116%, 1/15/40 (4) | No Opt. Call | AA+ | 1,418,510 | ||
6,000 | Total Indiana | 8,467,110 | ||||
Kentucky – 1.3% (0.9% of Total Investments) | ||||||
5 | Kentucky Municipal Power Agency, Power System Revenue Bonds, Prairie State Project, Build America Bond Series 2010B, 6.490%, 9/01/37 – AGM Insured | 7/21 at 100.00 | AA | 5,015 | ||
5,450 | Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage System Revenue Bonds, Build America Taxable Bonds Series 2010A, 6.250%, 5/15/43 (4) | No Opt. Call | AA | 8,361,717 | ||
5,455 | Total Kentucky | 8,366,732 | ||||
Maryland – 1.3% (0.9% of Total Investments) | ||||||
2,000 | Maryland Economic Development Corporation, Economic Development Revenue Bonds, Terminal Project, Refunding Series 2017B, 4.550%, 6/01/35 | No Opt. Call | Baa3 | 2,143,140 | ||
Maryland Economic Development Corporation, Parking Facilities Revenue Bonds Baltimore City Project, Senior Parking Facilities Revenue, Series 2018B: | ||||||
1,000 | 4.790%, 6/01/38 | 6/28 at 100.00 | A1 | 1,023,950 | ||
1,785 | 5.050%, 6/01/43 | 6/28 at 100.00 | A1 | 1,827,215 | ||
3,350 | 5.320%, 6/01/51 | 6/28 at 100.00 | A1 | 3,450,902 | ||
8,135 | Total Maryland | 8,445,207 | ||||
Massachusetts – 1.9% (1.3% of Total Investments) | ||||||
4,000 | Massachusetts, Transporation Fund Revenue Bonds, Accelerated Bridge Program, Tender Option Bond Trust 2016-XFT907, 25.233%, 6/01/40, 144A (IF) (4) | No Opt. Call | AA+ | 12,114,680 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Mississippi – 0.4% (0.3% of Total Investments) | ||||||
$2,085 | Mississippi State, General Obligation Bonds, Taxable Build America Bond Series 2010F, 5.245%, 11/01/34 | No Opt. Call | AA | $2,697,510 | ||
New Jersey – 4.2% (3.0% of Total Investments) | ||||||
3,320 | New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University, Taxable Series 2020D, 3.958%, 7/01/48 – AGM Insured | 7/30 at 100.00 | AA | 3,472,687 | ||
3,000 | New Jersey Turnpike Authority, Revenue Bonds, Build America Taxable Bonds, Series 2009F, 7.414%, 1/01/40 | No Opt. Call | A+ | 4,931,490 | ||
8,805 | New Jersey Turnpike Authority, Revenue Bonds, Build America Taxable Bonds, Series 2010A, 7.102%, 1/01/41 (4) | No Opt. Call | A+ | 14,104,465 | ||
2,000 | Rutgers State University, New Jersey, Revenue Bonds, Taxable Build America Bond Series 2010H, 5.665%, 5/01/40 | No Opt. Call | Aa3 | 2,732,580 | ||
860 | South Jersey Port Corporation, New Jersey, Marine Terminal Revenue Bonds, Taxable Build America Bond Series 2009P-3, 7.365%, 1/01/40 | No Opt. Call | Baa1 | 1,147,567 | ||
530 | South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Build America Bond Series 2009A-5, 7.000%, 11/01/38 | No Opt. Call | BBB+ | 713,014 | ||
18,515 | Total New Jersey | 27,101,803 | ||||
New York – 25.0% (17.9% of Total Investments) | ||||||
Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Obligated Group, Taxable Series 2018B: | ||||||
5,000 | 5.096%, 8/01/34 | No Opt. Call | BBB | 6,019,650 | ||
1,415 | 4.946%, 8/01/48 – AGM Insured | 8/28 at 100.00 | AA | 1,622,354 | ||
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Build America Taxable Bonds, Series 2010D: | ||||||
— | 5.600%, 3/15/40 | No Opt. Call | AA+ | — | ||
25,000 | 5.600%, 3/15/40 (UB) | No Opt. Call | AA+ | 33,803,500 | ||
2,000 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Tender Option Bond Trust 30020, 24.606%, 3/15/40, 144A (IF) (4) | No Opt. Call | AA+ | 5,521,440 | ||
5,100 | Long Island Power Authority, New York, Electric System Revenue Bonds, Build America Taxable Bond Series 2010B, 5.850%, 5/01/41 (4) | No Opt. Call | A | 7,035,297 | ||
1,410 | Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Build America Taxable Bonds, Series 2010C, 7.336%, 11/15/39 | No Opt. Call | AA | 2,299,738 | ||
7,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Build America Taxable Bonds, Series 2009A-1, 5.871%, 11/15/39 | No Opt. Call | A3 | 9,367,820 | ||
2,090 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Build America Taxable Bonds, Series 2010B-1, 6.548%, 11/15/31 | No Opt. Call | A3 | 2,744,128 | ||
10,925 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Federally Taxable Build America Bonds, Series 2010E, 6.814%, 11/15/40 | No Opt. Call | A3 | 16,063,902 | ||
6,390 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Federally Taxable Issuer Subsidy Build America Bonds, Series 2010A, 6.668%, 11/15/39 | No Opt. Call | A3 | 9,330,103 | ||
2,110 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Taxable Green Climate Certified Series 2020C-2, 5.175%, 11/15/49 | No Opt. Call | A3 | 2,862,510 | ||
3,675 | Monroe County Industrial Development Corporation, New York, Revenue Bonds, Rochester Regional Health Project, Taxable Series 2020B, 4.600%, 12/01/46 | No Opt. Call | BBB+ | 4,351,090 |
NBB | Nuveen Taxable Municipal Income Fund (continued) |
Portfolio of Investments June 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
New York City Industrial Development Agency, New York, Installment Purchase and Lease Revenue Bonds, Queens Baseball Stadium Project, Series 2006: | ||||||
$940 | 6.027%, 1/01/46 – AMBAC Insured, 144A | No Opt. Call | AA | $1,040,533 | ||
2,000 | 6.027%, 1/01/46 – AGM Insured | No Opt. Call | A2 | 2,800,520 | ||
1,500 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Build America Taxable Bonds, Fiscal 2011 Series AA, 5.440%, 6/15/43 (4) | No Opt. Call | AA+ | 2,213,580 | ||
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Build America Taxable Bonds, Series 2010DD: | ||||||
2,025 | 5.952%, 6/15/42 (UB) | No Opt. Call | AA+ | 3,101,308 | ||
2,595 | 5.952%, 6/15/42 | No Opt. Call | AA+ | 3,974,268 | ||
3,595 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue Bonds, Second Generation Resolution, Taxable Tender Option Bonds Trust T30001-2, 26.235%, 6/15/44, 144A (IF) | No Opt. Call | AA+ | 13,491,640 | ||
10,905 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2011 Taxable Build America Bond Series 2010S-1B, 6.828%, 7/15/40 (4) | No Opt. Call | AA | 15,731,771 | ||
10,000 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Build America Taxable Bonds, Series 2010G-1, 5.467%, 5/01/40 (4) | No Opt. Call | AAA | 13,934,600 | ||
2,970 | Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series 2010-C1, 8.572%, 11/01/40 – AGM Insured | No Opt. Call | AA | 4,592,897 | ||
108,645 | Total New York | 161,902,649 | ||||
Ohio – 6.2% (4.5% of Total Investments) | ||||||
6,350 | American Municipal Power Inc, Ohio, Combined Hydroelectric Projects Revenue Bonds, Build America Bond Series 2010B, 7.834%, 2/15/41 | No Opt. Call | A1 | 10,520,172 | ||
1,500 | American Municipal Power Inc, Ohio, Meldahl Hydroelectric Projects Revenue Bonds, Build America Bond Series 2010B, 7.499%, 2/15/50 | No Opt. Call | A | 2,447,475 | ||
7,040 | American Municipal Power Ohio Inc, Prairie State Energy Campus Project Revenue Bonds, Build America Bond Series 2009C, 6.053%, 2/15/43 (4) | No Opt. Call | A1 | 10,220,813 | ||
1,700 | Cincinnati City School District, Ohio, Certificates of Participation, School Energy Conservation Improvement Project, Taxable Series 2012, 5.150%, 6/15/32 | No Opt. Call | Aa3 | 2,191,079 | ||
Columbus Regional Airport Authority, Ohio, Customer Facility Charge Revenue Bonds, Taxable Series 2019: | ||||||
1,530 | 4.059%, 12/15/39 | 12/29 at 100.00 | A3 | 1,601,497 | ||
2,300 | 4.199%, 12/15/48 | 12/29 at 100.00 | A3 | 2,402,948 | ||
10,575 | Port of Greater Cincinnati Development Authority, Ohio, Special Obligation Tax Increment Financing Revenue Bonds, Cooperative Township Public Parking Project, Kenwood Collection Redevelopment, Refunding, 6.600%, 1/01/39 | 1/26 at 100.00 | N/R | 10,984,252 | ||
30,995 | Total Ohio | 40,368,236 | ||||
Oklahoma – 3.1% (2.3% of Total Investments) | ||||||
18,200 | Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Taxable Series 2018D, 5.450%, 8/15/28 | No Opt. Call | Baa3 | 20,386,184 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oregon – 0.7% (0.5% of Total Investments) | ||||||
Port of Portland, Oregon, Portland International Airport Customer Facility Charge Revenue Bonds, Taxable Series 2019: | ||||||
$1,500 | 4.067%, 7/01/39 | 7/29 at 100.00 | A- | $1,623,360 | ||
2,450 | 4.237%, 7/01/49 | 7/29 at 100.00 | A- | 2,633,603 | ||
3,950 | Total Oregon | 4,256,963 | ||||
Pennsylvania – 1.4% (1.0% of Total Investments) | ||||||
1,915 | Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Build America Taxable Bonds, Series 2009D, 6.218%, 6/01/39 | No Opt. Call | A1 | 2,615,833 | ||
1,640 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Build America Taxable Bonds, Series 2009A, 6.105%, 12/01/39 | No Opt. Call | A+ | 2,376,786 | ||
2,715 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Build America Taxable Bonds, Series 2010B, 5.511%, 12/01/45 | No Opt. Call | A+ | 3,937,619 | ||
6,270 | Total Pennsylvania | 8,930,238 | ||||
South Carolina – 3.7% (2.7% of Total Investments) | ||||||
South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper, Federally Taxable Build America Series 2010C: | ||||||
1,550 | 6.454%, 1/01/50 | No Opt. Call | A | 2,448,024 | ||
2,000 | 6.454%, 1/01/50 – AGM Insured | No Opt. Call | AA | 3,207,620 | ||
8,985 | 6.454%, 1/01/50 (UB) | No Opt. Call | A | 14,190,639 | ||
205 | South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper, Federally Taxable Build America Tender Option Bond Trust T30002, 28.720%, 1/01/50, 144A (IF) | No Opt. Call | A | 798,854 | ||
2,585 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2013C, 5.784%, 12/01/41 – AGM Insured | No Opt. Call | AA | 3,584,258 | ||
15,325 | Total South Carolina | 24,229,395 | ||||
Tennessee – 4.5% (3.2% of Total Investments) | ||||||
1,500 | Jackson, Tennessee, Hospital Revenue Bonds, Jackson-Madison County General Hospital Project, Series 2018B, 5.308%, 4/01/48 | No Opt. Call | A | 2,000,700 | ||
Memphis/Shelby County Economic Development Growth Engine Industrial Development Board, Tennessee, Tax Increment Revenue Bonds, Graceland Project, Senior Taxable Series 2017B: | ||||||
4,750 | 5.200%, 7/01/37 | 7/27 at 100.00 | BB | 4,805,338 | ||
1,515 | 5.450%, 7/01/45 | 7/27 at 100.00 | BB | 1,537,452 | ||
5,010 | Metropolitan Government Nashville & Davidson County Convention Center Authority, Tennessee, Tourism Tax Revenue Bonds, Build America Taxable Bonds, Series 2010A-2, 7.431%, 7/01/43 (4) | No Opt. Call | A+ | 7,514,749 | ||
7,350 | Metropolitan Government Nashville & Davidson County Convention Center Authority, Tennessee, Tourism Tax Revenue Bonds, Build America Taxable Bonds, Subordinate Lien Series 2010B, 6.731%, 7/01/43 (4) | No Opt. Call | AA | 10,825,374 | ||
2,500 | Metropolitan Government of Nashville and Davidson County Sports Authority, Tennessee, Public Facility Revenue Bonds, Ballpark Project, Taxable Refunding Series 2021C, 3.093%, 8/01/41 | 8/31 at 100.00 | AA | 2,564,100 | ||
22,625 | Total Tennessee | 29,247,713 |
NBB | Nuveen Taxable Municipal Income Fund (continued) |
Portfolio of Investments June 30, 2021 | |
(Unaudited) |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas – 15.3% (11.0% of Total Investments) | ||||||
Austin, Texas, Rental Car Special Facility Revenue Bonds, Taxable Series 2013: | ||||||
$6,560 | 5.460%, 11/15/32 (Pre-refunded 11/15/22) | 11/22 at 100.00 | A3 (5) | $7,004,965 | ||
15,000 | 5.750%, 11/15/42 (Pre-refunded 11/15/22) (4) | 11/22 at 100.00 | A3 (5) | 16,076,850 | ||
2,520 | Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Build America Taxable Bonds, Series 2009B, 5.999%, 12/01/44 | No Opt. Call | AA+ | 3,830,904 | ||
14,090 | Dallas Convention Center Hotel Development Corporation, Texas, Hotel Revenue Bonds, Build America Taxable Bonds, Series 09B, 7.088%, 1/01/42 (4) | No Opt. Call | A | 19,733,750 | ||
1,000 | Fort Worth, Tarrant, Denton, Parker, Johnson, and Wise Counties, Texas, Special Tax Revenue Bonds, Taxable Series 2017B, 4.238%, 3/01/47 | 9/24 at 100.00 | AA | 1,034,570 | ||
16,145 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Taxable Refunding Subordinate Lien Series 2020B Tela Supported, 3.236%, 10/01/52 (4) | 4/30 at 100.00 | Aa1 | 16,520,533 | ||
3,000 | Houston, Texas, Airport System Special Facilities Revenue Bonds, Consolidated Rental Car Facility Project, Taxable Series 2001, 6.880%, 1/01/28 – NPFG Insured | No Opt. Call | A3 | 3,481,290 | ||
10,285 | North Texas Tollway Authority, System Revenue Bonds, Taxble Build America Bond Series 2009B, 6.718%, 1/01/49 (4) | No Opt. Call | A+ | 17,009,127 | ||
San Antonio, Texas, Customer Facility Charge Revenue Bonds, Rental Car Special Facilities Project, Series 2015: | ||||||
7,545 | 5.671%, 7/01/35 | 7/25 at 100.00 | A3 | 8,344,317 | ||
2,000 | 5.871%, 7/01/45 | 7/25 at 100.00 | A3 | 2,189,240 | ||
1,000 | San Antonio, Texas, Electric and Gas System Revenue Bonds, Junior Lien, Build America Taxable Bond Series 2010A, 5.808%, 2/01/41 | No Opt. Call | Aa2 | 1,433,010 | ||
10 | San Antonio, Texas, Electric and Gas System Revenue Bonds, Series 2012, 4.427%, 2/01/42 | No Opt. Call | Aa1 | 12,252 | ||
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Hendrick Medical Center, Taxable Series 2021: | ||||||
1,000 | 3.292%, 9/01/40 – AGM Insured | 9/30 at 100.00 | AA | 1,036,480 | ||
1,400 | 3.422%, 9/01/50 – AGM Insured | 9/30 at 100.00 | AA | 1,432,970 | ||
81,555 | Total Texas | 99,140,258 | ||||
Utah – 1.3% (1.0% of Total Investments) | ||||||
8,500 | Salt Lake County, Utah, Convention Hotel Revenue Bonds, Taxable Series 2019, 5.750%, 10/01/47, 144A | 10/29 at 100.00 | N/R | 8,733,835 | ||
Virginia – 3.0% (2.1% of Total Investments) | ||||||
11,610 | Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds, Refunding Senior Lien Series 2007A, 6.706%, 6/01/46 | 6/25 at 100.00 | B- | 12,200,252 | ||
5,930 | Virginia Small Business Finance Authority, Tourism Development Financing Program Revenue Bonds, Downtown Norfolk and Virginia Beach Oceanfront Hotel Projects, Series 2018B, 12.000%, 4/01/48, 144A | 4/28 at 117.16 | N/R | 7,055,455 | ||
17,540 | Total Virginia | 19,255,707 | ||||
Washington – 6.8% (4.9% of Total Investments) | ||||||
4,000 | Seattle, Washington, Municipal Light and Power Revenue Bonds, Federally Taxable Build America Bonds, Tender Option Bond Trust 2016-XFT905, Formerly Tender Option Bond Trust T0001, 24.711%, 2/01/40, 144A (IF) (4) | No Opt. Call | AA | 10,255,600 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington (continued) | ||||||
$26,000 | Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Build America Taxable Bond Series 2010B, 6.790%, 7/01/40 | No Opt. Call | Baa1 | $34,077,160 | ||
30,000 | Total Washington | 44,332,760 | ||||
West Virginia – 2.6% (1.9% of Total Investments) | ||||||
Tobacco Settlement Finance Authority, West Virginia, Tobacco Settlement Asset-Backed Bonds, Taxable Refunding Class 1 Senior Series 2020A: | ||||||
8,500 | 4.006%, 6/01/40 | 12/30 at 100.00 | A- | 9,005,410 | ||
7,800 | 4.306%, 6/01/49 | 12/30 at 100.00 | BBB+ | 8,054,124 | ||
16,300 | Total West Virginia | 17,059,534 | ||||
Wisconsin – 0.3% (0.2% of Total Investments) | ||||||
2,000 | Wisconsin Center District, Dedicated Tax Revenue Bonds, Supported by State Moral Obligation Taxable Senior Series 2020A, 4.473%, 12/15/47 – AGM Insured | 12/30 at 100.00 | AA | 2,219,680 | ||
$641,507 | Total Long-Term Investments (cost $692,136,614) | 902,676,789 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Value | ||
SHORT-TERM INVESTMENTS – 0.1% (0.1% of Total Investments) | ||||||
REPURCHASE AGREEMENTS – 0.1% (0.1% of Total Investments) | ||||||
$887 | Repurchase Agreement with Fixed Income Clearing Corporation, dated 6/30/21, repurchase price $887,338, collateralized by $1,010,100, U.S. Treasury Notes, 1.375%, due 11/15/40, value $905,144, | 0.000% | 7/01/21 | $887,338 | ||
Total Short-Term Investments(cost $887,338) | 887,338 | |||||
Total Investments (cost $693,023,952) – 139.3% | 903,564,127 | |||||
Floating Rate Obligations – (5.7)% | (36,810,000) | |||||
Reverse Repurchase Agreements, including accrued interest – (36.3)% (6) | (235,603,340) | |||||
Other Assets Less Liabilities – 2.7% (7) | 17,441,153 | |||||
Net Assets Applicable to Common Shares – 100% | $648,591,940 |
Futures Contracts - Short | ||||||
Description | Number of Contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation (Depreciation) | Variation Margin Receivable/ (Payable) |
U.S. Treasury Ultra Bond | (1,215) | 09/21 | $(224,516,180) | $(234,115,313) | $(9,599,133) | $(1,366,875) |
NBB | Nuveen Taxable Municipal Income Fund (continued) |
Portfolio of Investments June 30, 2021 | |
(Unaudited) |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $902,676,789 | $ — | $902,676,789 |
Short-Term Investments: | ||||
Repurchase Agreements | — | 887,338 | — | 887,338 |
Investments in Derivatives: | ||||
Futures Contracts* | (9,599,133) | — | — | (9,599,133) |
Total | $(9,599,133) | $903,564,127 | $ — | $893,964,994 |
* | Represents net unrealized appreciation (depreciation). |
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(4) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for inverse floating rate transactions and/or reverse repurchase agreements. As of the end of the reporting period, investments with a value of $273,291,581 have been pledged as collateral for reverse repurchase agreements. | |
(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) | Reverse Repurchase Agreements as a percentage of Total Investments is 26.1%. | |
(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. | |
IF | Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust. | |
UB | Underlying bond of an inverse floating rate trust reflected as a financing transaction. |