| Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
| LONG-TERM INVESTMENTS – 100.6% | ||||||
| MUNICIPAL BONDS – 100.6% | ||||||
| Alabama – 0.2% | ||||||
| Birmingham Airport Authority, Alabama, Airport Revenue Bonds, Series 2020: | ||||||
| $255 | 4.000%, 7/01/39 – BAM Insured | 7/30 at 100.00 | AA | $309,300 | ||
| 225 | 4.000%, 7/01/40 – BAM Insured | 7/30 at 100.00 | AA | 272,385 | ||
| 3,805 | Homewood, Alabama, General Obligation Warrants, Series 2016, 5.000%, 9/01/36 | 9/26 at 100.00 | AA+ | 4,627,184 | ||
| 4,285 | Total Alabama | 5,208,869 | ||||
| Alaska – 0.0% | ||||||
| 110 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Senior Series 2021A Class 1, 4.000%, 6/01/50 | 6/31 at 100.00 | BBB+ | 130,617 | ||
| Arizona – 1.2% | ||||||
| 7,525 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT) | 6/24 at 100.00 | A+ | 8,490,984 | ||
| 2,935 | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A, 5.000%, 7/01/35 | 7/27 at 100.00 | Aa3 | 3,645,769 | ||
| 780 | Phoenix Civic Improvement Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate Lien Series 2020A, 4.000%, 7/01/45 | 7/30 at 100.00 | AAA | 941,561 | ||
| 2,590 | Phoenix Civic Improvement Corporation, Arizona, Water System Revenue Bonds, Junior Lien Series 2021A, 5.000%, 7/01/45 | 7/31 at 100.00 | AAA | 3,459,334 | ||
| 5,600 | Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37 | No Opt. Call | A3 | 8,004,920 | ||
| Tucson, Arizona, Water System Revenue Bonds, Refunding Series 2017: | ||||||
| 1,000 | 5.000%, 7/01/34 | 7/27 at 100.00 | AA | 1,233,910 | ||
| 750 | 5.000%, 7/01/35 | 7/27 at 100.00 | AA | 922,860 | ||
| 21,180 | Total Arizona | 26,699,338 | ||||
| California – 8.4% | ||||||
| 4,615 | Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C, 0.000%, 9/01/23 – AGM Insured | No Opt. Call | AA | 4,569,312 | ||
| 5,000 | Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Series 2013S-4, 5.000%, 4/01/38 (Pre-refunded 4/01/23) | 4/23 at 100.00 | A1 (4) | 5,412,650 | ||
| 405 | California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020A, 4.000%, 6/01/49 | 6/30 at 100.00 | BBB+ | 483,282 | ||
| 1,250 | California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma County Tobacco Securitization Corporation, Series 2020A, 4.000%, 6/01/49 | 12/30 at 100.00 | BBB+ | 1,492,238 | ||
| 1,175 | California Department of Water Resources, Central Valley Project Water System Revenue Bonds, Refunding Series 2016AW, 5.000%, 12/01/33 (Pre-refunded 12/01/26) | 12/26 at 100.00 | AAA | 1,461,735 |
| NUV | Nuveen Municipal Value Fund, Inc. (continued) |
| Portfolio of Investments July 31, 2021 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
| California (continued) | ||||||
| California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B: | ||||||
| $4,080 | 5.000%, 11/15/46 (Pre-refunded 11/15/26) | 11/26 at 100.00 | N/R (4) | $5,045,695 | ||
| 5,920 | 5.000%, 11/15/46 | 11/26 at 100.00 | A1 | 7,159,707 | ||
| 1,200 | California Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2017A, 5.000%, 8/15/37 | 8/27 at 100.00 | BBB+ | 1,458,960 | ||
| 3,850 | California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A, 5.000%, 7/01/33 | 7/23 at 100.00 | AA- | 4,204,547 | ||
| 6,130 | California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A, 5.000%, 12/31/43 (AMT) | 6/28 at 100.00 | BBB- | 7,523,533 | ||
| 2,725 | California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authoriity Desalination Project Pipeline, Refunding Series 2019, 5.000%, 11/21/45, 144A | 1/29 at 100.00 | BBB | 3,287,522 | ||
| 1,625 | California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2013I, 5.000%, 11/01/38 | 11/23 at 100.00 | Aa3 | 1,794,098 | ||
| 5,000 | California State, General Obligation Bonds, Various Purpose Series 2011, 5.000%, 10/01/41 | 10/21 at 100.00 | Aa2 | 5,039,000 | ||
| 3,500 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A, 5.000%, 12/01/46, 144A | 6/26 at 100.00 | BB | 3,948,350 | ||
| 4,505 | Covina-Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2003B, 0.000%, 6/01/28 – FGIC Insured | No Opt. Call | A+ | 4,125,319 | ||
| 5,700 | East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Green Series 2017A, 5.000%, 6/01/45 | 6/27 at 100.00 | AAA | 7,087,209 | ||
| 2,180 | Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A, 0.000%, 1/15/42 | 1/31 at 100.00 | A- | 2,678,370 | ||
| 30,000 | Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series 1995A, 0.000%, 1/01/22 (ETM) | No Opt. Call | AA+ (4) | 29,987,400 | ||
| 13,920 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1, 5.000%, 6/01/47 | 6/22 at 100.00 | N/R | 14,372,957 | ||
| Merced Union High School District, Merced County, California, General Obligation Bonds, Series 1999A: | ||||||
| 2,500 | 0.000%, 8/01/23 – FGIC Insured | No Opt. Call | AA- | 2,481,000 | ||
| 2,555 | 0.000%, 8/01/24 – FGIC Insured | No Opt. Call | AA- | 2,514,222 | ||
| 2,365 | Montebello Unified School District, Los Angeles County, California, General Obligation Bonds, Election 1998 Series 2004, 0.000%, 8/01/27 – FGIC Insured | No Opt. Call | A- | 2,201,791 | ||
| Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013A: | ||||||
| 3,060 | 0.000%, 8/01/28 | 2/28 at 100.00 | Aa1 | 3,648,530 | ||
| 2,315 | 0.000%, 8/01/43 | 8/35 at 100.00 | Aa1 | 2,688,548 | ||
| 3,550 | M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009C, 6.500%, 11/01/39 | No Opt. Call | A | 5,933,470 | ||
| 80 | Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 7.000%, 8/01/38 – AGC Insured | 8/29 at 100.00 | AA | 114,496 |
| Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
| California (continued) | ||||||
| $10,150 | Placer Union High School District, Placer County, California, General Obligation Bonds, Series 2004C, 0.000%, 8/01/33 – AGM Insured | No Opt. Call | AA | $8,113,707 | ||
| San Bruno Park School District, San Mateo County, California, General Obligation Bonds, Series 2000B: | ||||||
| 2,575 | 0.000%, 8/01/24 – FGIC Insured | No Opt. Call | Aa2 | 2,524,092 | ||
| 2,660 | 0.000%, 8/01/25 – FGIC Insured | No Opt. Call | Aa2 | 2,573,497 | ||
| 360 | San Diego Tobacco Settlement Revenue Funding Corporation, California, Tobacco Settlement Bonds, Subordinate Series 2018C, 4.000%, 6/01/32 | 6/28 at 100.00 | BBB | 404,017 | ||
| 10,000 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Refunding Second Series 2019D, 5.000%, 5/01/39 | 5/29 at 100.00 | A1 | 12,789,700 | ||
| 12,095 | San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Series 1997A, 0.000%, 1/15/25 – NPFG Insured | No Opt. Call | Baa2 | 11,760,573 | ||
| 13,220 | San Mateo County Community College District, California, General Obligation Bonds, Series 2006A, 0.000%, 9/01/28 – NPFG Insured | No Opt. Call | AAA | 12,447,555 | ||
| 5,000 | San Mateo Union High School District, San Mateo County, California, General Obligation Bonds, Election of 2000, Series 2002B, 0.000%, 9/01/24 – FGIC Insured | No Opt. Call | Aaa | 4,948,550 | ||
| 5,815 | San Ysidro School District, San Diego County, California, General Obligation Bonds, Refunding Series 2015, 0.000%, 8/01/48 | 8/25 at 29.16 | AA | 1,593,833 | ||
| 755 | Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Refunding Sacramento County Tobacco Securitization Corporation Series 2021B Class 2, 4.000%, 6/01/49 | 12/30 at 100.00 | BBB- | 902,029 | ||
| 181,835 | Total California | 188,771,494 | ||||
| Colorado – 7.8% | ||||||
| 7,500 | Arapahoe County School District 6, Littleton, Colorado, General Obligation Bonds, Series 2019A, 5.500%, 12/01/43 | 12/28 at 100.00 | Aa1 | 9,940,650 | ||
| 7,105 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45 (Pre-refunded 1/01/23) | 1/23 at 100.00 | BBB+ (4) | 7,614,499 | ||
| 4,155 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 4.000%, 8/01/44 | 8/29 at 100.00 | BBB+ | 4,850,589 | ||
| 1,255 | 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 | BBB | 1,439,184 | ||
| 7,070 | Colorado Mountain College, Colorado, Certificates of Participation, Series 2021, 4.000%, 12/01/46 | 12/31 at 100.00 | Aa3 | 8,523,309 | ||
| 2,000 | Colorado State Board of Governors, Colorado State University Auxiliary Enterprise System Revenue Bonds, Series 2012A, 5.000%, 3/01/41 (Pre-refunded 3/01/22) | 3/22 at 100.00 | N/R (4) | 2,057,300 | ||
| 4,500 | Colorado State, Building Excellent Schools Today, Certificates of Participation, Series 2018N, 5.000%, 3/15/37 | 3/28 at 100.00 | Aa2 | 5,577,165 | ||
| Colorado State, Certificates of Participation, Higher Education Lease Purchase Financing Program, Series 2020: | ||||||
| 900 | 4.000%, 9/01/38 | 9/31 at 100.00 | Aa2 | 1,113,219 | ||
| 4,475 | 4.000%, 9/01/40 | 9/31 at 100.00 | Aa2 | 5,503,758 | ||
| 2,750 | 4.000%, 9/01/41 | 9/31 at 100.00 | Aa2 | 3,372,792 |
| NUV | Nuveen Municipal Value Fund, Inc. (continued) |
| Portfolio of Investments July 31, 2021 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
| Colorado (continued) | ||||||
| Colorado State, Certificates of Participation, Lease Purchase Financing Program, National Western Center, Series 2018A: | ||||||
| $1,250 | 5.000%, 9/01/30 | 3/28 at 100.00 | Aa2 | $1,576,962 | ||
| 2,000 | 5.000%, 9/01/31 | 3/28 at 100.00 | Aa2 | 2,514,620 | ||
| 1,260 | 5.000%, 9/01/32 | 3/28 at 100.00 | Aa2 | 1,580,494 | ||
| 620 | 5.000%, 9/01/33 | 3/28 at 100.00 | Aa2 | 775,744 | ||
| 3,790 | Colorado State, Certificates of Participation, Rural Series 2018A, 5.000%, 12/15/37 | 12/28 at 100.00 | Aa2 | 4,810,799 | ||
| 5,000 | Colorado State, Certificates of Participation, Rural Series 2021A, 4.000%, 12/15/38 | 12/31 at 100.00 | Aa2 | 6,243,250 | ||
| Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B: | ||||||
| 2,750 | 5.000%, 11/15/25 | 11/22 at 100.00 | AA- | 2,923,800 | ||
| 2,200 | 5.000%, 11/15/29 (Pre-refunded 11/15/22) | 11/22 at 100.00 | AA- (4) | 2,337,918 | ||
| 5,160 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 11/15/43 | 11/23 at 100.00 | A+ | 5,688,384 | ||
| 2,000 | Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016, 5.000%, 12/01/35 | 12/26 at 100.00 | Baa2 | 2,350,240 | ||
| E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B: | ||||||
| 9,660 | 0.000%, 9/01/29 – NPFG Insured | No Opt. Call | A | 8,648,212 | ||
| 24,200 | 0.000%, 9/01/31 – NPFG Insured | No Opt. Call | A | 20,538,056 | ||
| 17,000 | 0.000%, 9/01/32 – NPFG Insured | No Opt. Call | A | 14,084,840 | ||
| 1,705 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2020A, 5.000%, 9/01/40 | 9/24 at 100.00 | A | 1,930,077 | ||
| 7,600 | E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Refunding Series 2006B, 0.000%, 9/01/39 – NPFG Insured | 9/26 at 52.09 | A | 3,657,500 | ||
| 8,000 | Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs Utilities, Series 2008, 6.500%, 11/15/38 | No Opt. Call | AA- | 12,658,320 | ||
| 5,000 | Rangely Hospital District, Rio Blanco County, Colorado, General Obligation Bonds, Refunding Series 2011, 6.000%, 11/01/26 | 11/21 at 100.00 | Baa3 | 5,042,350 | ||
| 1,400 | Regional Transportation District, Colorado, Private Activity Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A, 4.000%, 7/15/34 | 1/31 at 100.00 | A- | 1,721,664 | ||
| 12,500 | Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project, Refunding Green Series 2021B, 4.000%, 11/01/40 | 5/31 at 100.00 | AA+ | 15,438,125 | ||
| 4,945 | Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project, Series 2017A, 5.000%, 11/01/40 | 11/26 at 100.00 | AA+ | 5,949,082 | ||
| 4,250 | University of Colorado, Enterprise System Revenue Bonds, Series 2018B, 5.000%, 6/01/43 | 6/28 at 100.00 | Aa1 | 5,289,635 | ||
| 164,000 | Total Colorado | 175,752,537 | ||||
| Connecticut – 0.8% | ||||||
| 8,440 | Connecticut State, General Obligation Bonds, Series 2015E, 5.000%, 8/01/29 | 8/25 at 100.00 | Aa3 | 9,960,129 | ||
| 5,000 | Connecticut State, General Obligation Bonds, Series 2015F, 5.000%, 11/15/33 | 11/25 at 100.00 | Aa3 | 5,913,050 | ||
| 10,153 | Mashantucket Western Pequot Tribe, Connecticut, Special Revenue Bonds, Subordinate Series 2013A, 6.050%, 7/01/31 (cash 4.000%, PIK 2.050%) (5) | No Opt. Call | N/R | 1,522,994 | ||
| 23,593 | Total Connecticut | 17,396,173 |
| Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
| District of Columbia – 2.4% | ||||||
| $15,000 | District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 0.000%, 6/15/46 | 8/21 at 21.75 | N/R | $3,247,350 | ||
| 5,390 | District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Senior Lien Series 2018B, 5.000%, 10/01/43 | 4/28 at 100.00 | AAA | 6,736,260 | ||
| 3,865 | Metropolitan Washington Airports Authority, District of Columbia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 5.000%, 10/01/47 | 10/29 at 100.00 | A- | 4,880,220 | ||
| 14,110 | Metropolitan Washington Airports Authority, District of Columbia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A, 5.000%, 10/01/53 | 4/22 at 100.00 | A- | 14,514,393 | ||
| 10,000 | Metropolitan Washington Airports Authority, District of Columbia, Dulles Toll Road Revenue Bonds, Dulles Metrorail Capital Appreciation, Second Senior Lien Series 2010B, 6.500%, 10/01/44 | 10/28 at 100.00 | A- | 13,661,400 | ||
| Washington Convention and Sports Authority, Washington DC, Dedicated Tax Revenue Bonds, Refunding Senior Lien Series 2021A: | ||||||
| 670 | 4.000%, 10/01/36 | 10/30 at 100.00 | AA | 815,738 | ||
| 1,000 | 4.000%, 10/01/37 | 10/30 at 100.00 | AA | 1,213,920 | ||
| 1,300 | 4.000%, 10/01/40 | 10/30 at 100.00 | AA | 1,566,123 | ||
| 1,745 | Washington Convention and Sports Authority, Washington DC, Dedicated Tax Revenue Bonds, Refunding Senior Lien Series 2021B, 4.000%, 10/01/38 | 10/30 at 100.00 | AA | 2,113,265 | ||
| 1,805 | Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue Bonds, Green Series 2021A, 5.000%, 7/15/41 | 7/31 at 100.00 | AA | 2,414,025 | ||
| 2,390 | Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue Bonds, Series 2020A, 4.000%, 7/15/45 | 7/30 at 100.00 | AA | 2,880,404 | ||
| 57,275 | Total District of Columbia | 54,043,098 | ||||
| Florida – 3.3% | ||||||
| 1,240 | Broward County, Florida, Half-Cent Sales Tax Revenue Bonds, Refunding Series 2020, 4.000%, 10/01/40 | 10/30 at 100.00 | AA+ | 1,517,500 | ||
| 3,000 | Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41 – AGM Insured (Pre-refunded 10/01/21) | 10/21 at 100.00 | AA (4) | 3,023,760 | ||
| 1,355 | Central Florida Expressway Authority, Revenue Bonds, Senior Lien Series 2021D, 5.000%, 7/01/31 | No Opt. Call | A+ | 1,861,160 | ||
| 565 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2015A, 6.000%, 6/15/35, 144A | 6/25 at 100.00 | N/R | 647,767 | ||
| 4,000 | Gainesville, Florida, Utilities System Revenue Bonds, Series 2017A, 5.000%, 10/01/37 | 10/27 at 100.00 | Aa3 | 4,971,840 | ||
| 3,500 | Gainesville, Florida, Utilities System Revenue Bonds, Series 2019A, 5.000%, 10/01/44 | 10/29 at 100.00 | Aa3 | 4,456,970 | ||
| 2,290 | Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Subordinate Lien Series 2015B, 5.000%, 10/01/40 | 10/24 at 100.00 | A1 | 2,608,516 | ||
| 5,090 | Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2010A, 5.000%, 7/01/40 | 8/21 at 100.00 | A | 5,105,474 | ||
| 2,000 | Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding Series 2014B, 5.000%, 10/01/37 | 10/24 at 100.00 | A2 | 2,281,580 | ||
| 4,000 | Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Refunding Series 2012, 5.000%, 7/01/42 (Pre-refunded 7/01/22) | 7/22 at 100.00 | AA (4) | 4,180,320 |
| NUV | Nuveen Municipal Value Fund, Inc. (continued) |
| Portfolio of Investments July 31, 2021 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
| Florida (continued) | ||||||
| Orlando Utilities Commission, Florida, Utility System Revenue Bonds, Series 2018A: | ||||||
| $3,500 | 5.000%, 10/01/36 | 10/27 at 100.00 | AA | $4,364,045 | ||
| 3,780 | 5.000%, 10/01/37 | 10/27 at 100.00 | AA | 4,711,203 | ||
| 1,120 | 5.000%, 10/01/38 | 10/27 at 100.00 | AA | 1,395,139 | ||
| 10,725 | Orlando, Florida, Contract Tourist Development Tax Payments Revenue Bonds, Series 2014A, 5.000%, 11/01/44 (Pre-refunded 5/01/24) | 5/24 at 100.00 | Aa2 (4) | 12,155,393 | ||
| 3,250 | Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Jupiter Medical Center, Series 2013A, 5.000%, 11/01/43 | 11/22 at 100.00 | BBB+ | 3,370,737 | ||
| 4,000 | Pembroke Pines, Florida, Capital Improvement Revenue Bonds, Series 2019A, 4.000%, 7/01/38 | 7/29 at 100.00 | AA | 4,726,000 | ||
| 1,020 | Putnam County Development Authority, Florida, Pollution Control Revenue Bonds, Seminole Electric Cooperatice, Inc Project, Refunding Series 2018B, 5.000%, 3/15/42 | 5/28 at 100.00 | A- | 1,239,667 | ||
| 6,865 | South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015, 4.000%, 5/01/34 | 5/25 at 100.00 | AA | 7,639,372 | ||
| 3,300 | Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A, 5.000%, 11/15/33 | 5/22 at 100.00 | Aa2 | 3,418,998 | ||
| 64,600 | Total Florida | 73,675,441 | ||||
| Georgia – 2.6% | ||||||
| 3,325 | Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2015, 5.000%, 11/01/40 | 5/25 at 100.00 | Aa2 | 3,879,377 | ||
| 4,945 | Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power Company, Fourth Series 1994, 2.250%, 10/01/32 (Mandatory Put 5/25/23) | No Opt. Call | A- | 5,119,954 | ||
| 2,290 | Fulton County Development Authority, Georgia, Hospital Revenue Bonds, Wellstar Health System, Inc Project, Series 2017A, 5.000%, 4/01/47 | 4/27 at 100.00 | A | 2,746,878 | ||
| 6,000 | Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc, Series 2017B, 5.500%, 2/15/42 | 2/27 at 100.00 | AA | 7,338,900 | ||
| 1,500 | 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 | BBB- | 1,752,465 | ||
| 5,865 | Municipal Electric Authority of Georgia, General Resolution Projects Subordinated Bonds, Series 20188HH, 5.000%, 1/01/44 | 1/28 at 100.00 | A1 | 7,176,531 | ||
| 16,145 | Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project J Bonds, Series 2019A, 5.000%, 1/01/49 | 7/28 at 100.00 | A | 19,835,909 | ||
| 4,025 | Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project M Bonds, Series 2021A, 5.000%, 1/01/62 – AGM Insured | 1/30 at 100.00 | AA | 5,027,346 | ||
| 2,415 | Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2015A, 5.000%, 1/01/35 | 1/25 at 100.00 | A2 | 2,757,640 | ||
| 2,000 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University, Refunding Series 2016A, 5.000%, 10/01/46 | 10/26 at 100.00 | AA | 2,416,520 | ||
| 48,510 | Total Georgia | 58,051,520 | ||||
| Guam – 0.0% | ||||||
| 330 | Guam AB Won Pat International Airport Authority, Revenue Bonds, Series 2013C, 6.375%, 10/01/43 (AMT) | 10/23 at 100.00 | Baa2 | 359,855 |
| Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
| Hawaii – 0.4% | ||||||
| $4,830 | Honolulu City and County, Hawaii, General Obligation Bonds, Series 2018A, 5.000%, 9/01/40 | 9/28 at 100.00 | Aa1 | $6,086,863 | ||
| 3,000 | Honolulu City and County, Hawaii, Wastewater System Revenue Bonds, First Bond Resolution, Senior Series 2018A, 5.000%, 7/01/37 | 1/28 at 100.00 | Aa2 | 3,728,040 | ||
| 7,830 | Total Hawaii | 9,814,903 | ||||
| Idaho – 0.1% | ||||||
| University of Idaho, General Revenue Bonds, Refunding Series 2021A: | ||||||
| 505 | 5.000%, 4/01/39 – AGM Insured | 4/31 at 100.00 | AA | 670,640 | ||
| 545 | 5.000%, 4/01/41 – AGM Insured | 4/31 at 100.00 | AA | 720,414 | ||
| 1,050 | Total Idaho | 1,391,054 | ||||
| Illinois – 12.7% | ||||||
| 5,000 | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46 | 4/27 at 100.00 | A- | 6,213,050 | ||
| 5,000 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A, 7.000%, 12/01/44 | 12/25 at 100.00 | BB | 6,173,000 | ||
| 2,945 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016B, 6.500%, 12/01/46 | 12/26 at 100.00 | BB | 3,701,688 | ||
| 4,710 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2017A, 7.000%, 12/01/46, 144A | 12/27 at 100.00 | BB | 6,272,119 | ||
| 17,725 | Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1, 0.000%, 12/01/24 – FGIC Insured | No Opt. Call | Baa2 | 17,253,515 | ||
| 7,495 | Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1999A, 0.000%, 12/01/31 – NPFG Insured | No Opt. Call | Baa2 | 6,174,906 | ||
| 1,500 | Chicago Park District, Illinois, General Obligation Bonds, Limited Tax Series 2011A, 5.000%, 1/01/36 | 1/22 at 100.00 | AA- | 1,523,940 | ||
| 2,425 | Chicago Transit Authority, Illinois, Capital Grant Receipts Revenue Bonds, Federal Transit Administration Section 5307 Urbanized Area Formula Funds, Refunding Series 2021, 5.000%, 6/01/28 | No Opt. Call | A | 3,099,756 | ||
| 1,000 | Cook County, Illinois, General Obligation Bonds, Refunding Series 2018, 5.000%, 11/15/35 | 11/26 at 100.00 | A+ | 1,202,490 | ||
| 1,680 | Cook County, Illinois, General Obligation Bonds, Refunding Series 2021A, 5.000%, 11/15/33 | 11/30 at 100.00 | A+ | 2,239,574 | ||
| 5,000 | Cook County, Illinois, Sales Tax Revenue Bonds, Series 2012, 5.000%, 11/15/37 | 11/22 at 100.00 | AA- | 5,298,600 | ||
| 2,040 | Cook County, Illinois, Sales Tax Revenue Bonds, Series 2021A, 4.000%, 11/15/40 | 11/30 at 100.00 | AA- | 2,462,790 | ||
| 5,000 | Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2015A, 5.000%, 11/15/38 | 5/25 at 100.00 | AA- | 5,779,350 | ||
| Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C: | ||||||
| 560 | 5.000%, 8/15/35 | 8/25 at 100.00 | A3 | 653,318 | ||
| 825 | 5.000%, 8/15/44 | 8/25 at 100.00 | A3 | 955,358 | ||
| 3,000 | Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A, 5.000%, 10/01/51 | 10/21 at 100.00 | AA+ | 3,023,760 | ||
| 5,125 | Illinois State, General Obligation Bonds, November Series 2017C, 5.000%, 11/01/29 | 11/27 at 100.00 | BBB | 6,303,545 |
| NUV | Nuveen Municipal Value Fund, Inc. (continued) |
| Portfolio of Investments July 31, 2021 | |
| (Unaudited) |
| Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
| Illinois (continued) | ||||||
| $1,755 | Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/27 | No Opt. Call | BBB | $2,147,190 | ||
| 655 | Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/25 | 8/22 at 100.00 | BBB | 686,014 | ||
| 5,590 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A, 5.000%, 1/01/38 | 1/23 at 100.00 | AA- | 5,944,574 | ||
| 4,000 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2016B, 5.000%, 1/01/41 | 7/26 at 100.00 | AA- | 4,780,160 | ||
| 6,005 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2020A, 5.000%, 1/01/45 | 1/31 at 100.00 | AA- | 7,759,601 | ||
| 5,000 | Lombard Public Facilities Corporation, Illinois, Conference Center and Hotel Revenue Bonds, First Tier Series 2005A-2, 5.500%, 1/01/36, 144A (5) | 3/28 at 100.00 | N/R | 5,079,950 | ||
| 2,875 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2020A, 4.000%, 6/15/50 | 12/29 at 100.00 | BBB+ | 3,315,881 | ||
| 6,140 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2022A, 4.000%, 6/15/52 (WI/DD,Settling 3/17/22) | 12/31 at 100.00 | BBB+ | 7,048,413 | ||
| 16,800 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 1996A, 0.000%, 12/15/21 – NPFG Insured (ETM) | No Opt. Call | Baa2 (4) | 16,782,696 | ||
| Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 1994B: | ||||||
| 5,245 | 0.000%, 6/15/28 – NPFG Insured | No Opt. Call | BBB+ | 4,727,528 | ||
| 11,675 | 0.000%, 6/15/29 – FGIC Insured | No Opt. Call | BBB+ | 10,226,016 | ||
| Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A: | ||||||
| 2,315 | 5.700%, 6/15/24 (Pre-refunded 6/15/22) | 6/22 at 101.00 | N/R (4) | 2,447,233 | ||
| 7,685 | 5.700%, 6/15/24 | 6/22 at 101.00 | BBB+ | 8,123,967 | ||
| 4,950 | 0.000%, 12/15/32 – NPFG Insured | No Opt. Call | BBB+ | 3,971,039 | ||
| 21,375 | 0.000%, 6/15/34 – NPFG Insured | No Opt. Call | BBB+ | 16,519,455 | ||
| 21,000 | 0.000%, 12/15/35 – NPFG Insured | No Opt. Call | BBB+ | 15,615,600 | ||
| 21,970 | 0.000%, 6/15/36 – NPFG Insured | No Opt. Call | BBB+ | 16,092,586 | ||
| 10,375 | 0.000%, 12/15/36 – NPFG Insured | No Opt. Call | BBB+ | 7,520,319 | ||
| 10,000 | 0.000%, 12/15/37 – NPFG Insured | No Opt. Call | BBB+ | 7,043,700 | ||
| 25,825 | 0.000%, 6/15/39 – NPFG Insured | No Opt. Call | BBB+ | 17,362,664 | ||
| 6,095 | Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 2002A, 6.000%, 7/01/32 – NPFG Insured | No Opt. Call | AA+ | 8,778,933 | ||
| 8,000 | Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 2003A, 6.000%, 7/01/33 – NPFG Insured | No Opt. Call | AA+ | 11,447,120 | ||
| 5,000 | Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 2014A, 5.000%, 6/01/44 | 6/24 at 100.00 | AA+ | 5,577,700 | ||
| 5,020 | Southwestern Illinois Development Authority, Local Government Revenue Bonds, Edwardsville Community Unit School District 7 Project, Series 2007, 0.000%, 12/01/23 – AGM Insured | No Opt. Call | AA | 4,925,524 | ||
| 10,285 |