NPORT-EX 2 FSTF.htm
Nuveen Short Term Municipal Bond Fund
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    LONG-TERM INVESTMENTS – 92.5%        
    MUNICIPAL BONDS – 92.4%        
    Alabama – 3.6%        
$1,000   Birmingham Airport Authority, Alabama, Airport Revenue Bonds, Series 2020, 5.000%, 7/01/27 –  BAM Insured   No Opt. Call AA $1,250,360
6,335   Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 3 Series 2018A, 4.000%, 12/01/48 (Mandatory Put 12/01/23)   9/23 at 100.31 A 6,935,938
6,500   Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2016, 4.000%, 7/01/46 (Mandatory Put 6/01/21)   3/21 at 100.59 Aa2 6,576,440
4,050   Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2017A, 4.000%, 8/01/47 (Mandatory Put 7/01/22)   4/22 at 100.52 Aa2 4,253,836
    Chatom Industrial Development Board, Alabama, Gulf Opportunity Zone Revenue Bonds, PowerSouth Energy Cooperative, Refunding Series 2020:        
285   5.000%, 8/01/21 –  AGM Insured   No Opt. Call AA 292,034
385   5.000%, 8/01/22 –  AGM Insured   No Opt. Call AA 410,460
450   5.000%, 8/01/23 –  AGM Insured   No Opt. Call AA 498,011
7,335   Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 2, Fixed Rate Series 2018A, 4.000%, 6/01/49 (Mandatory Put 6/01/24)   3/24 at 100.29 A2 8,145,077
700   Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 4.500%, 5/01/32, 144A   5/29 at 100.00 N/R 784,462
27,040   Total Alabama       29,146,618
    Alaska – 0.2%        
1,565   Alaska State, International Airport System Revenue Bonds, Refunding Series 2010A, 5.000%, 10/01/23 (AMT)   1/21 at 100.00 A1 1,568,036
    Arizona – 3.1%        
1,320   Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007, 2.700%, 12/01/37 (Mandatory Put 8/14/23) (AMT)   No Opt. Call A+ 1,394,804
6,880   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)   No Opt. Call A+ 7,915,715
1,820   Coconino County, Arizona, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding Series 2017A, 1.875%, 9/01/32 (Mandatory Put 3/31/23) (AMT)   No Opt. Call A+ 1,844,898
    Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A:        
450   5.000%, 9/01/22   No Opt. Call A2 482,256
500   5.000%, 9/01/23   No Opt. Call A2 558,680
2,450   Maricopa County Unified School District 4 Mesa, Arizona, General Obligation Bonds, School Improvement, Project of 2018 Series 2020C, 5.000%, 7/01/25   No Opt. Call Aa2 2,964,402
      1

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Arizona (continued)        
$1,250   Maricopa County Unified School District 48, Scottsdale, Arizona, General Obligation Bonds, Refunding Series 2020, 5.000%, 7/01/24   No Opt. Call Aa1 $1,457,313
    Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019B:        
1,500   5.000%, 7/01/24 (AMT)   No Opt. Call A1 1,719,960
2,750   5.000%, 7/01/26 (AMT)   No Opt. Call A1 3,355,192
1,000   Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A, 5.000%, 7/01/21 (AMT)   No Opt. Call Aa3 1,019,850
2,375   Yavapai County Industrial Development Authority, Arizona, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2002, 2.800%, 6/01/27 (Mandatory Put 6/01/21) (AMT)   No Opt. Call A- 2,397,206
22,295   Total Arizona       25,110,276
    California – 4.0%        
5,605   California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System, Series 2017C, 5.000%, 8/01/31 (Mandatory Put 11/01/22)   No Opt. Call AA- 6,093,027
4,000   California Infrastructure and Economic Development Bank, Revenue Bonds, Brightline West Passenger Rail Project, Series 2020A, 0.450%, 1/01/50 (Mandatory Put 7/01/21), 144A (AMT)   7/21 at 100.00 Aaa 4,003,920
4,000   Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2017A-1, 5.000%, 6/01/21   No Opt. Call A 4,075,960
2,990   Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Bond Anticipation Notes Series 2017, 0.000%, 4/01/22 (ETM)   No Opt. Call Aa1 (4) 2,982,226
7,465   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Refunding Second Series 2017D, 5.000%, 5/01/23 (AMT)   No Opt. Call A1 8,247,855
7,000   San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Refunding Second Series 2019H, 5.000%, 5/01/21 (AMT)   No Opt. Call A1 7,103,110
31,060   Total California       32,506,098
    Colorado – 3.8%        
    Bromley Park Metropolitan District No 2, In the City of Brighton, Adams and Weld Counties, Colorado, Senior General Obligation Limited Tax Refunding Bonds, Series 2018A:        
250   5.000%, 12/01/21 –  BAM Insured   No Opt. Call AA 260,382
550   5.000%, 12/01/22 –  BAM Insured   No Opt. Call AA 596,986
1,200   Colorado Health Facilities Authority, Colorado, Health Facilities Revenue Bonds, The Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2017, 5.000%, 6/01/21 (ETM)   No Opt. Call N/R (4) 1,223,388
    Colorado Health Facilities Authority, Colorado, Revenue Bonds, Boulder Community Health Project, Series 2020:        
400   5.000%, 10/01/21   No Opt. Call A- 413,196
300   5.000%, 10/01/23   No Opt. Call A- 335,937
350   5.000%, 10/01/24   No Opt. Call A- 406,602
200   5.000%, 10/01/25   No Opt. Call A- 240,290
2      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Colorado (continued)        
$2,325   Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/25)   2/25 at 100.00 BBB+ $2,724,923
190   Colorado Health Facilities Authority, Colorado, Revenue Bonds, Valley View Hospital Association, Series 2017A, 5.000%, 5/15/21   No Opt. Call A- 193,065
    Crystal Valley Metropolitan District 2, Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2020A:        
140   5.000%, 12/01/23 –  AGM Insured   No Opt. Call AA 158,287
175   5.000%, 12/01/24 –  AGM Insured   No Opt. Call AA 205,203
2,000   Denver City and County, Colorado, Airport System Revenue Bonds, Series 2017A, 5.000%, 11/15/21 (AMT)   No Opt. Call AA- 2,077,580
1,000   Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013A, 5.000%, 11/15/22 (AMT)   No Opt. Call A+ 1,081,300
    Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A:        
5,000   5.000%, 12/01/22 (AMT)   No Opt. Call A+ 5,416,200
2,000   5.000%, 12/01/25 (AMT)   No Opt. Call A+ 2,409,020
1,000   Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016, 4.000%, 12/01/21   No Opt. Call Baa2 1,024,860
1,000   E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2020A, 5.000%, 9/01/27   No Opt. Call A 1,280,380
2,000   Grand River Hospital District, Garfield and Mesa Counties, Colorado, General Obligation Bonds, Series 2018, 5.000%, 12/01/21 –  AGM Insured   No Opt. Call AA 2,080,840
4,855   Moffat County, Colorado, Pollution Control Revenue Bonds, Tri-State Generation and Transmission Association, Inc Project, Refunding Series 2009, 2.000%, 3/01/36 (Mandatory Put 10/03/22)   No Opt. Call A- 4,943,798
225   Northglenn Urban Renewal Authority, Northglenn, Colorado, Tax Increment Revenue Bonds, Urban Renewal Plan 2, Series 2019, 4.000%, 12/01/21   No Opt. Call BBB- 231,109
2,040   Pueblo Urban Renewal Authority, Colorado, State Sales Tax Increment Revenue Bonds, Regional Tourism Project, Series 2017, 3.000%, 6/01/21   No Opt. Call N/R 2,042,958
500   Sand Creek Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Refunding Series 2020A, 4.000%, 12/01/22 –  AGM Insured   No Opt. Call AA 532,650
    Vauxmont Metropolitan District, Arvada, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Convertible to Unlimited Tax Refunding Subordinate Series 2019:        
100   5.000%, 12/15/21 –  AGM Insured   No Opt. Call AA 103,964
105   5.000%, 12/15/22 –  AGM Insured   No Opt. Call AA 113,453
260   5.000%, 12/15/24 –  AGM Insured   No Opt. Call AA 301,904
    Westminster Public Schools, Adams County, Colorado, Certificates of Participation, Improvement Series 2020A:        
175   4.000%, 12/01/23 –  AGM Insured   No Opt. Call AA 192,815
200   4.000%, 12/01/24 –  AGM Insured   No Opt. Call AA 226,798
28,540   Total Colorado       30,817,888
      3

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Connecticut – 0.2%        
$465   Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut State University System, Series 2011J, 5.000%, 11/01/25   11/21 at 100.00 A1 $482,461
1,200   Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Series 2020A, 5.000%, 5/01/26   No Opt. Call A+ 1,482,168
1,665   Total Connecticut       1,964,629
    District of Columbia – 1.1%        
5,345   Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Bonds, Series 2011C, 5.000%, 10/01/26 (AMT)   10/21 at 100.00 Aa3 5,515,666
1,205   Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2017, 5.000%, 10/01/21 (AMT)   No Opt. Call Aa3 1,245,934
2,175   Washington Convention and Sports Authority, Washington DC, Dedicated Tax Revenue Bonds, Refunding Senior Lien Series 2018A, 5.000%, 10/01/22   No Opt. Call AA+ 2,305,130
8,725   Total District of Columbia       9,066,730
    Florida – 3.9%        
1,450   Broward County, Florida, Airport System Revenue Bonds, Refunding Series 2012P-1, 5.000%, 10/01/22 (AMT)   No Opt. Call A1 1,563,085
1,000   Broward County, Florida, Airport System Revenue Bonds, Series 2015A, 5.000%, 10/01/23 (AMT)   No Opt. Call A1 1,119,210
415   Broward County, Florida, Airport System Revenue Bonds, Series 2017, 5.000%, 10/01/21 (AMT)   No Opt. Call A1 428,849
1,300   Broward County, Florida, Airport System Revenue Bonds, Series 2019A, 5.000%, 10/01/24 (AMT)   No Opt. Call A1 1,507,623
750   Broward County, Florida, Port Facilities Revenue Bonds, Series 2019B, 5.000%, 9/01/23 (AMT)   No Opt. Call A1 830,243
15,000   Florida State Board of Education, Public Education Capital Outlay Bonds, Refunding Series 2019A, 5.000%, 6/01/22   No Opt. Call AAA 16,025,400
1,500   Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Refunding Priority Subordinated Series 2016, 5.000%, 10/01/21 (AMT)   No Opt. Call A1 1,549,485
1,285   Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/21 (AMT)   No Opt. Call Aa3 1,327,392
1,750   Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Series 2018E, 5.000%, 10/01/22 (AMT)   No Opt. Call Aa3 1,884,890
1,065   Lake Worth Beach, Florida, Consolidated Utility Revenue Bonds, Series 2020, 5.000%, 10/01/25 –  BAM Insured   No Opt. Call AA 1,282,867
1,035   Miami Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Miami Jewish Health System Inc Project, Series 2017, 5.000%, 7/01/22   No Opt. Call BB+ 1,030,311
1,000   South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015, 5.000%, 5/01/21   No Opt. Call AA 1,014,300
860   South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health Systems of South Florida Obligated Group, Series 2017, 5.000%, 8/15/21   No Opt. Call AA- 883,469
4      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Florida (continued)        
    Tampa, Florida, Revenue Bonds, H Lee Moffitt Cancer Center and Research Institute, Series 2020B:        
$200   5.000%, 7/01/22   No Opt. Call A2 $212,900
340   5.000%, 7/01/25   No Opt. Call A2 403,356
225   5.000%, 7/01/26   No Opt. Call A2 274,516
29,175   Total Florida       31,337,896
    Georgia – 1.6%        
1,000   Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2020B, 5.000%, 7/01/24 (AMT)   No Opt. Call Aa3 1,156,010
1,500   Atlanta, Georgia, Tax Allocation Bonds, Beltline Project, Series 2016D, 5.000%, 1/01/21   No Opt. Call A2 1,500,000
    Liberty County Industrial Authority, Georgia, Revenue Bonds, Series 2014:        
285   5.500%, 7/15/23 (Pre-refunded 7/15/21)   7/21 at 100.00 N/R (4) 291,355
1,035   5.500%, 7/15/30 (Pre-refunded 7/15/21)   7/21 at 100.00 N/R (4) 1,063,866
1,136   5.500%, 1/15/36 (Pre-refunded 7/15/21)   7/21 at 100.00 N/R (4) 1,167,940
1,000   Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019A, 5.000%, 5/15/21   No Opt. Call A3 1,016,430
3,555   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 Aa1 4,031,583
2,470   Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Variable Rate Demand Bonds Series 2018A, 4.000%, 9/01/22   No Opt. Call Aa2 2,621,732
11,981   Total Georgia       12,848,916
    Hawaii – 0.2%        
    Hawaii State, Harbor System Revenue Bonds, Series 2020A:        
300   5.000%, 7/01/24 (AMT)   No Opt. Call Aa3 345,225
800   5.000%, 7/01/25 (AMT)   No Opt. Call Aa3 952,192
1,100   Total Hawaii       1,297,417
    Idaho – 0.2%        
1,710   Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project, Refunding Series 2016, 5.000%, 9/01/22   No Opt. Call BB+ 1,810,651
    Illinois – 6.0%        
400   Board of Regents of Illinois State University, Auxiliary Facilities System Revenue Bonds, Series 2018A, 5.000%, 4/01/22 –  AGM Insured   No Opt. Call AA 420,768
3,000   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017E, 5.000%, 12/01/21   No Opt. Call BB 3,080,850
425   Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2019A, 0.000%, 12/01/25   No Opt. Call BB 371,412
4,795   Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Refunding Senior Lien Series 2012A, 5.000%, 1/01/24 (Pre-refunded 1/01/22) (AMT)   1/22 at 100.00 A (4) 5,014,419
1,200   Cook County, Illinois, General Obligation Bonds, Refunding Series 2018, 5.000%, 11/15/21   No Opt. Call A+ 1,242,408
1,145   Downers Grove, Illinois, General Obligation Bonds, Series 2012, 3.000%, 1/01/21   No Opt. Call AAA 1,145,000
      5

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois (continued)        
$1,250   Granite City, Illinois, Waste Disposal Revenue Bonds, Waste Management Inc Project, Series 2002, 2.450%, 5/01/27 (Mandatory Put 5/03/21) (AMT)   No Opt. Call A- $1,257,388
    Illinois Finance Authority, Health Services Facility Lease Revenue Bonds, Provident Group - UIC Surgery Center, LLC - University of Illinois Health Services Facility Project, Series 2020:        
400   5.000%, 10/01/23   No Opt. Call BBB+ 444,096
400   5.000%, 10/01/24   No Opt. Call BBB+ 459,084
400   5.000%, 10/01/25   No Opt. Call BBB+ 473,800
380   Illinois Finance Authority, Revenue Bonds, Memorial Health System, Series 2014A, 3.500%, 7/01/21   No Opt. Call AA- 385,521
    Illinois Finance Authority, Revenue Bonds, Northshore University HealthSystem, Series 2020A:        
1,000   5.000%, 8/15/22   No Opt. Call AA- 1,068,930
1,000   5.000%, 8/15/23   No Opt. Call AA- 1,122,100
1,000   5.000%, 8/15/24   No Opt. Call AA- 1,168,040
4,350   Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2020B-1, 5.000%, 5/15/50 (Mandatory Put 11/15/24)   5/24 at 100.00 A 4,985,274
1,000   Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2020B-2, 5.000%, 5/15/50 (Mandatory Put 11/15/26)   5/26 at 100.00 A 1,221,160
250   Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2015A, 5.000%, 11/15/22   No Opt. Call AA- 270,570
575   Illinois Finance Authority, Water Facilities Revenue Bonds, American Water Capital Corporation Project, Refunding Series 2020, 0.700%, 5/01/40 (Mandatory Put 9/01/23)   No Opt. Call A 574,506
5,375   Illinois State, General Obligation Bonds, February Series 2014, 5.000%, 2/01/21   No Opt. Call BBB- 5,390,749
2,000   Illinois State, General Obligation Bonds, May Series 2020, 5.500%, 5/01/24   No Opt. Call BBB- 2,244,140
3,100   Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/23   No Opt. Call BBB- 3,346,791
1,250   Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2018A, 5.000%, 1/01/22   No Opt. Call AA- 1,309,250
5,225   Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2019C, 5.000%, 1/01/25   No Opt. Call AA- 6,172,919
    Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Alternate Revenue Source Refunding School Series 2020C:        
400   4.000%, 1/01/23 –  AGM Insured   No Opt. Call AA 425,616
355   4.000%, 1/01/26 –  AGM Insured   No Opt. Call AA 407,671
125   Madison, Macoupin, Jersey, Calhoun, Morgan, Scott, and Greene Counties Community College District 536, Illinois, General Obligation Bonds, Lewis & Clark Community College, Refunding Series 2020, 4.000%, 5/01/22 –  AGM Insured   No Opt. Call AA 130,860
2,750   Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2017, 5.000%, 6/01/22   No Opt. Call A 2,924,652
    Southwestern Illinois Development Authority, Local Government Program Revenue Bonds, Southwestern Illinois Flood District Council Project, Series 2020:        
500   4.000%, 4/15/23   No Opt. Call AA- 540,010
450   5.000%, 4/15/24   No Opt. Call AA- 515,228
6      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Illinois (continued)        
$1,000   Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation Bonds, Refunding Series 2020, 4.000%, 1/01/22 –  AGM Insured   No Opt. Call AA $1,023,750
45,500   Total Illinois       49,136,962
    Indiana – 1.2%        
1,500   Franklin, Indiana, Economic Development Revenue Bonds, Otterbein Homes Obligated Group, Series 2019B, 5.000%, 7/01/24   No Opt. Call A 1,702,725
2,810   Rockport, Indiana, Pollution Control Revenue Refunding Bonds, Indiana Michigan Power Company Project, Series 2008D, 2.050%, 4/01/25 (Mandatory Put 6/01/21)   No Opt. Call A- 2,823,347
    Tippecanoe School Corporation, Indiana, General Obligation Bonds, Series 2020:        
1,080   4.000%, 1/15/24   No Opt. Call Aa2 1,193,767
1,090   4.000%, 7/15/24   No Opt. Call Aa2 1,219,765
700   Warrick County, Indiana, Environmental Improvement Revenue Bonds, Southern Indiana Gas and Electric Company, Series 2015, 0.875%, 9/01/55 (Mandatory Put 9/01/23) (AMT)   No Opt. Call A1 700,777
    Zionsville Community Schools Building Corporation, Boone County, Indiana, First Mortgage Bonds, Series 2020:        
300   4.000%, 1/15/25   No Opt. Call AA+ 343,230
500   4.000%, 7/15/25   No Opt. Call AA+ 580,205
700   4.000%, 1/15/26   No Opt. Call AA+ 823,305
8,680   Total Indiana       9,387,121
    Iowa – 1.6%        
1,225   Des Moines, Iowa, Stormwater Management Utility Revenue Bonds, Capital Loan Notes Series 2018C, 5.000%, 6/01/21   No Opt. Call AA+ 1,249,230
1,000   Iowa Finance Authority, Healthcare Revenue Bonds, Genesis Health System, Series 2013A, 5.000%, 7/01/25   7/23 at 100.00 A1 1,110,670
335   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2019, 3.125%, 12/01/22   1/21 at 103.00 BB- 343,147
125   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/27, 144A   1/21 at 103.00 BB- 128,969
145   Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018B, 5.250%, 12/01/50 (Mandatory Put 12/01/37)   12/22 at 105.00 BB- 158,075
    Sioux City Community School District, Iowa, School Infrastructure Sales, Services and Use Tax Revenue Bonds, Refunding Series 2020:        
5,400   3.000%, 10/01/23 –  BAM Insured   No Opt. Call AA 5,761,476
2,500   3.000%, 10/01/24 –  BAM Insured   No Opt. Call AA 2,724,650
1,400   Southeast Polk Community School District, Polk, Jasper and Marion Counties, Iowa, General Obligation Bonds, School Series 2020A, 5.000%, 5/01/24   No Opt. Call AA- 1,612,142
12,130   Total Iowa       13,088,359
      7

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Kansas – 0.1%        
    Kansas Municipal Energy Agency, Power Project Revenue Bonds, Dogwood Project, Series 2018A:        
$500   5.000%, 4/01/22 –  BAM Insured   No Opt. Call AA $529,035
500   5.000%, 4/01/23 –  BAM Insured   No Opt. Call AA 552,125
1,000   Total Kansas       1,081,160
    Kentucky – 1.7%        
1,435   Kentucky Rural Water Finance Corporation, Public Projects Construction Notes, Series E-2020-1, 0.425%, 12/01/21   6/21 at 100.00 N/R 1,435,373
3,785   Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018B, 4.000%, 1/01/49 (Mandatory Put 1/01/25)   10/24 at 100.24 A1 4,256,119
4,000   Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018C-1, 4.000%, 12/01/49 (Mandatory Put 6/01/25)   3/25 at 100.19 A2 4,558,560
3,310   Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2002A, 2.300%, 9/01/26 (Mandatory Put 9/01/21)   No Opt. Call A1 3,344,556
12,530   Total Kentucky       13,594,608
    Louisiana – 1.8%        
6,000   Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2020B, 5.000%, 5/15/50 (Mandatory Put 5/15/25)   11/24 at 102.04 A 7,168,560
2,310   Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Second Lien Series 2017D-2, 0.550%, 5/01/43 (Mandatory Put 5/01/22)   5/21 at 100.00 Aa3 2,310,601
2,465   Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-1, 2.000%, 6/01/37 (Mandatory Put 4/01/23)   No Opt. Call BBB- 2,502,394
2,500   Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017B-1, 2.125%, 6/01/37 (Mandatory Put 7/01/24)   No Opt. Call BBB- 2,564,100
13,275   Total Louisiana       14,545,655
    Maryland – 0.8%        
1,040   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical Systems, Series 2020B-1, 5.000%, 7/01/45 (Mandatory Put 7/01/25)   1/25 at 100.00 A 1,221,002
4,000   Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical Systems, Series 2020B-2, 5.000%, 7/01/45 (Mandatory Put 7/01/27)   1/27 at 100.00 A 4,978,000
5,040   Total Maryland       6,199,002
    Massachusetts – 1.0%        
715   Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care, Series 2016I, 5.000%, 7/01/21   No Opt. Call A- 729,765
    Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2020C:        
725   5.000%, 10/01/25 –  AGM Insured   No Opt. Call AA 870,681
350   5.000%, 10/01/26 –  AGM Insured   No Opt. Call AA 432,919
1,000   Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Issue K, Series 2017A, 4.000%, 7/01/21 (AMT)   No Opt. Call AA 1,017,910
8      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Massachusetts (continued)        
    Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Issue L, Senior Series 2020B:        
$880   5.000%, 7/01/25 (AMT)   No Opt. Call AA $1,043,117
1,250   5.000%, 7/01/26 (AMT)   No Opt. Call AA 1,519,850
1,000   Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Refunding Series 2019B, 5.000%, 7/01/23 (AMT)   No Opt. Call AA 1,109,620
1,100   The Commonwealth of Massachusetts General Obligation Bonds Consolidated Loan of 2014, Series D (Multi-Modal Bonds) Subseries D-2, 1.700%, 8/01/43 (Mandatory Put 8/01/22)   No Opt. Call Aa1 1,123,441
7,020   Total Massachusetts       7,847,303
    Michigan – 1.3%        
1,705   Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2017A-MI, 5.000%, 12/01/22   No Opt. Call AA- 1,860,223
1,715   Michigan Finance Authority, Revenue Bonds, Ascension Senior Credit Group, Refunding Series 2016E-1, 4.000%, 11/15/44 (Mandatory Put 8/15/24)   No Opt. Call AA+ 1,942,323
1,180   Michigan Finance Authority, State Aid Revenue Notes, Series 2020A-1, 4.000%, 8/20/21   No Opt. Call N/R 1,208,568
1,440   Michigan State Hospital Finance Authority, Revenue Bonds, McLaren Health Care Corporation, Refunding Series 2012A, 5.000%, 6/01/24   6/22 at 100.00 AA- 1,531,599
1,000   Michigan State, Grant Anticipation Bonds, Refunding Federal Highway Series 2016, 5.000%, 3/15/21   No Opt. Call AA 1,008,910
2,000   Michigan State, Trunk Line Fund Bonds, Refunding Series 2020A, 5.000%, 11/15/21   No Opt. Call AA+ 2,083,620
1,000   Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D, 5.000%, 9/01/23   No Opt. Call A+ 1,122,160
10,040   Total Michigan       10,757,403
    Minnesota – 7.9%        
240   Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A, 3.000%, 8/01/22   No Opt. Call BB+ 244,294
    Becker Independent School District 726, Minnesota, General Obligation Bonds, Refunding Series 2020A:        
735   5.000%, 2/01/23   No Opt. Call Aa2 803,428
560   5.000%, 2/01/24   No Opt. Call Aa2 636,530
750   Belle Plaine Independent School District 716, Minnesota, General Obligation Bonds, Refunding School Building Series 2020A, 4.000%, 2/01/23   No Opt. Call Aa2 806,647
1,175   Belle Plaine Independent School District 716, Minnesota, General Obligation Bonds, School Building Series 2012A, 5.000%, 2/01/24   No Opt. Call Aa2 1,339,829
    Chatfield, Minnesota, Healthcare and Housing Facilities Revenue Bonds, Chosen Valley Care Center Project, Refunding Series 2019:        
150   3.000%, 9/01/21   No Opt. Call N/R 149,159
210   4.000%, 9/01/23   No Opt. Call N/R 210,517
1,415   City of Red Wing, Minnesota, General Obligation Bonds, Series 2018A, 5.000%, 2/01/23   No Opt. Call Aa2 1,553,231
      9

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Minnesota (continued)        
$200   Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, Walker Highview Hills LLC Project, Refunding Series 2016A, 2.500%, 8/01/21, 144A   No Opt. Call N/R $200,360
440   Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project, Series 2016A, 4.000%, 7/01/21   No Opt. Call BB+ 444,796
    Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Full Term Series 2019B:        
645   5.000%, 2/01/22   No Opt. Call Aa2 674,502
755   5.000%, 2/01/23   No Opt. Call Aa2 821,191
    Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Full Term Series 2019C:        
255   5.000%, 2/01/21   No Opt. Call Aa2 255,788
280   5.000%, 2/01/23   No Opt. Call Aa2 304,548
2,115   Elk River Independent School District 728, Minnesota, General Obligation Bonds, Refunding School Building Series 2016A, 5.000%, 2/01/23   No Opt. Call Aa2 2,323,941
1,130   Forest Lake, Minnesota, Charter School Lease Revenue Bonds, Lakes International Language Academy, Series 2019A, 4.375%, 8/01/29   8/27 at 102.00 BB+ 1,277,589
505   Ham Lake, Minnesota Charter School Lease Revenue Bonds, Parnassus Preparatory School Project, Series 2016A, 3.000%, 11/01/21   No Opt. Call BB 508,676
1,550   Minneapolis Special School District 1, Hennepin County, Minnesota, General Obligation Bonds, School Building Series 2017A, 5.000%, 2/01/23   No Opt. Call AAA 1,703,465
210   Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Twin Cities International Schools Project, Series 2017A, 3.750%, 12/01/22, 144A   No Opt. Call N/R 214,773
500   Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Yinghua Academy Project, Series 2013A, 6.000%, 7/01/33   7/23 at 100.00 BB+ 541,720
650   Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014A, 5.000%, 1/01/22   No Opt. Call A+ 679,679
1,000   Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014B, 5.000%, 1/01/25 (AMT)   1/24 at 100.00 A+ 1,120,010
200   Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Senior Lien Series 2016C, 4.000%, 1/01/21   No Opt. Call AA- 200,000
2,000   Minnesota Housing Finance Agency, Rental Housing Revenue Bonds, Series 2019E, 1.400%, 8/01/21   2/21 at 100.00 AAA 2,001,540
565   Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2017A, 1.700%, 1/01/21 (AMT)   No Opt. Call AA+ 565,000
    Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020A:        
600   1.150%, 7/01/21 (AMT)   No Opt. Call AA+ 601,668
265   1.450%, 7/01/24 (AMT)   No Opt. Call AA+ 271,514
325   Minnesota Office of Higher Education, Supplemental Student Loan Program Revenue Bonds, 2020 Senior Series, 5.000%, 11/01/24 (AMT)   No Opt. Call AA 373,649
10      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Minnesota (continued)        
    Minnesota Office of Higher Education, Supplemental Student Loan Program Revenue Bonds, Senior Series 2018:        
$500   5.000%, 11/01/22 (AMT)   No Opt. Call AA $535,990
400   5.000%, 11/01/23 (AMT)   No Opt. Call AA 444,688
4,695   Minnesota State, General Obligation Bonds, Refunding Various Purpose Series 2016D, 5.000%, 8/01/22   No Opt. Call AAA 5,053,980
2,210   Minnesota State, General Obligation Bonds, Various Purpose Series 2013A, 5.000%, 8/01/21   No Opt. Call AAA 2,271,792
50   Morris, Minnesota, Health Care Facilities Revenue Bonds, Farmington Health Services Project, Refunding Series 2019, 2.700%, 8/01/21   No Opt. Call N/R 49,725
720   North Oaks, Minnesota, Senior Housing Revenue Bonds, Waverly Gardens Project, Refunding Series 2016, 4.000%, 10/01/23   No Opt. Call N/R 752,681
5,100   Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Series 2017, 5.000%, 1/01/21   No Opt. Call A- 5,100,000
9,480   Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2011, 4.500%, 11/15/38 (Mandatory Put 11/15/21)   No Opt. Call AA 9,820,332
2,500   Rosemount Independent School District 196, Dakota County, Minnesota, General Obligation Bonds, School Building Series 2016A, 5.000%, 2/01/23   No Opt. Call AAA 2,748,075
295   Saint Cloud, Minnesota, Charter School Lease Revenue Bonds, Stride Academy Project, Series 2016A, 3.000%, 4/01/21 (5)   No Opt. Call N/R 200,600
2,395   Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Refunding Series 2014B, 5.000%, 5/01/23   No Opt. Call AA- 2,641,445
    Saint Paul Park, Minnesota, Senior Housing and Health Care Revenue Bonds, Presbyterian Homes Bloomington Project, Refunding Series 2017:        
500   3.000%, 9/01/21   No Opt. Call N/R 502,940
500   3.000%, 9/01/22   No Opt. Call N/R 506,785
215   Sartell, Minnesota, Health Care Facilities Revenue Bonds, Country Manor Campus LLC Project, Refunding Series 2017, 3.000%, 9/01/22   No Opt. Call N/R 212,837
3,515   Sauk Rapids Independent School District 047, Benton County, Minnesota, General Obligation Bonds, Refunding School Building Series 2015A, 5.000%, 2/01/23   No Opt. Call AAA 3,863,793
55   Savage, Minnesota Charter School Lease Revenue Bonds, Aspen Academy Project, Series 2016A, 3.625%, 10/01/21   No Opt. Call N/R 55,195
6,790   South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Refunding School Building Series 2018B, 5.000%, 2/01/22   No Opt. Call Aa2 7,139,685
    Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, Refunding Series 2019:        
350   3.000%, 8/01/22   No Opt. Call N/R 351,012
300   3.000%, 8/01/23   No Opt. Call N/R 300,588
400   3.000%, 8/01/24   No Opt. Call N/R 401,208
400   3.000%, 8/01/25   8/24 at 102.00 N/R 400,676
60,795   Total Minnesota       64,182,071
      11

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Mississippi – 0.1%        
$1,000   Warren County, Mississippi, Environmental Improvement Revenue Bonds, International Paper Company Project, Refunding Series 2020B, 1.600%, 8/01/27 (Mandatory Put 6/16/25) (AMT)   No Opt. Call BBB $1,049,220
    Missouri – 3.7%        
775   Arnold Retail Corridor Transportation Development District, Missouri, Sales Tax Revenue Bonds, Refunding Series 2019, 3.000%, 11/01/28   11/24 at 100.00 N/R 771,768
100   Belton School District 124, Cass County, Missouri, Certificates of Participation, Missouri School Boards Association, Series 2019, 4.000%, 1/15/22 –  AGM Insured (ETM)   No Opt. Call AA (4) 103,868
1,230   Branson Reorganized School District R-4, Taney County, Missouri, General Obligation Bonds, Direct Deposit Program Refunding Series 2020, 4.000%, 3/01/22   No Opt. Call AA+ 1,280,848
1,375   Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Saint Francis Medical Center, Series 2013A, 5.000%, 6/01/23   6/22 at 100.00 AA 1,462,821
400   Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2017A, 5.000%, 3/01/21   No Opt. Call BBB- 401,908
300   Chesterfield Valley Transportation Development District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2015, 3.250%, 5/15/28   5/23 at 100.00 A- 314,142
1,000   Clay County Reorganized School District R-1, Kearney, Missouri, General Obligation Bonds, School Building Series 2017, 5.000%, 3/01/22   No Opt. Call AA+ 1,056,210
825   Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri, Transportation Sales Revenue Bonds, Refunding Series 2020, 1.000%, 10/01/27   No Opt. Call A 822,715
145   Hanley/Eager Road Transportation Development District, Missouri, Revenue Bonds, Refunding Series 2016A, 2.375%, 3/01/21   No Opt. Call N/R 145,054
650   Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman Health System, Series 2015, 5.000%, 2/15/24   No Opt. Call A 736,912
    Kansas City, Missouri, General Obligation Bonds, Series 2020A:        
410   5.000%, 2/01/23   No Opt. Call AA 450,233
435   5.000%, 2/01/24   No Opt. Call AA 497,892
1,250   Kansas City, Missouri, Water Revenue Bonds, Refunding Series 2019A, 5.000%, 12/01/22   No Opt. Call AA+ 1,365,563
1,000   Meramec Valley School District R-3, Franklin and St Louis Counties, Missouri, General Obligation Bonds, Series 2020, 4.000%, 3/01/23   No Opt. Call AA+ 1,079,410
1,000   Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33   7/27 at 102.00 A 1,101,520
    Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Southeast Missouri State University, Refunding Series 2019:        
200   5.000%, 10/01/23   No Opt. Call A 219,308
505   5.000%, 10/01/24   No Opt. Call A 571,039
    Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Capital Region Medical Center, Series 2020:        
640   3.000%, 11/01/22   No Opt. Call Baa2 661,018
665   4.000%, 11/01/23   No Opt. Call Baa2 715,613
475   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2015A, 5.000%, 11/15/25   No Opt. Call A2 573,064
12      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Missouri (continued)        
$250   Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, SSM Health Care, Variable Rate Series 2018C, 5.000%, 6/01/36 (Mandatory Put 6/01/23)   12/22 at 100.00 AA- $271,583
    Missouri Health and Educational Facilities Authority, Revenue Bonds, Wright Memorial Hospital, Series 2019:        
465   5.000%, 9/01/21   No Opt. Call BBB- 475,755
275   5.000%, 9/01/22   No Opt. Call BBB- 290,956
285   5.000%, 9/01/23   No Opt. Call BBB- 311,707
    Missouri State University, Auxiliary Enterprise System Revenue Bonds, Series 2019A:        
135   5.000%, 10/01/22   No Opt. Call A+ 145,161
230   5.000%, 10/01/23   No Opt. Call A+ 254,564
225   5.000%, 10/01/24   No Opt. Call A+ 257,519
310   Orchard Farm R-V School District, Saint Charles County, Missouri, Certificates of Participation, Series 2020, 3.000%, 4/01/21   No Opt. Call A+ 311,981
300   Plaza at Noah's Ark Community Improvement District, Saint Charles, Missouri, Tax Increment and Improvement District Revenue Bonds, Series 2015, 3.250%, 5/01/21   No Opt. Call N/R 301,491
1,000   Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Refunding Series 2016B, 5.000%, 12/01/21   No Opt. Call AA+ 1,043,030
    Saint Louis County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Ranken-Jordan Project, Refunding & Improvement Series 2016:        
725   5.000%, 11/15/24   No Opt. Call N/R 780,760
630   5.000%, 11/15/26   11/25 at 100.00 N/R 686,876
5,055   Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport, Refunding Series 2017A, 5.000%, 7/01/22 –  AGM Insured   No Opt. Call AA 5,381,047
2,000   Springfield, Missouri, Public Utility Revenue Bonds, Refunding Series 2015, 3.250%, 8/01/27   8/25 at 100.00 AA+ 2,236,360
1,745   Springfield, Missouri, Special Obligation Bonds, Refunding Series 2017B, 5.000%, 7/01/21 (AMT)   No Opt. Call Aa2 1,782,430
325   St Charles, Missouri, Certificates of Participation, Refunding Series 2020B, 4.000%, 2/01/24   No Opt. Call Aa3 359,206
    Webster County Reorganized School District R-I Marshfield, Missouri, General Obligation Bonds, Refunding Series 2019B:        
450   3.000%, 3/01/21   No Opt. Call AA+ 451,980
450   3.000%, 3/01/22   No Opt. Call AA+ 464,909
28,235   Total Missouri       30,138,221
    Montana – 0.3%        
2,085   Montana State Board of Investments, Municipal Finance Consolidation Act Bonds, INTERCAP Revolving Program, Annual Adjustable Rate Tender Option, Series 2013, 1.000%, 3/01/38 (Mandatory Put 3/01/21)   3/21 at 100.00 Aa2 2,087,064
500   Montana State, General Obligation Bonds, Series 2020C, 2.000%, 8/01/23   No Opt. Call Aa1 523,465
2,585   Total Montana       2,610,529
      13

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Nebraska – 1.0%        
$690   Central Plains Energy Project, Nebraska, Gas Project 1 Revenue Bonds, Series 2007A, 5.250%, 12/01/21   No Opt. Call A $720,477
    Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Refunding Series 2020A:        
200   5.000%, 11/15/21   No Opt. Call AA- 207,688
115   5.000%, 11/15/23   No Opt. Call AA- 129,867
125   5.000%, 11/15/24   No Opt. Call AA- 146,438
175   5.000%, 11/15/25   No Opt. Call AA- 212,532
2,635   Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2020B, 5.000%, 11/15/53 (Mandatory Put 11/15/25)   8/25 at 100.00 AA- 3,181,078
1,685   Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/21   No Opt. Call A 1,745,424
1,555   Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Refunding Series 2017A, 5.000%, 7/01/22   No Opt. Call BBB 1,643,355
7,180   Total Nebraska       7,986,859
    Nevada – 2.0%        
3,000   Clark County, Nevada, Airport Revenue Bonds, Junior Subordinate Lien Notes Series 2017C, 5.000%, 7/01/21 (AMT)   No Opt. Call A1 3,065,850
5,000   Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran International Airport, Refunding Series 2019E, 5.000%, 7/01/24   No Opt. Call Aa3 5,795,100
1,390   Clark County, Nevada, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding Series 2017, 1.650%, 1/01/36 (Mandatory Put 3/31/23)   No Opt. Call A+ 1,408,306
3,000   Director of the State of Nevada Department of Business and Industry, Solid Waste Disposal Revenue Bonds, Republic Services Inc, Variable Rate Demand Series 2001, 0.300%, 12/01/26 (Mandatory Put 6/01/21), 144A (AMT)   No Opt. Call BBB+ 3,000,000
110   Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada, Refunding Series 2016, 2.000%, 9/01/21   No Opt. Call N/R 109,927
1,410   Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C, 5.000%, 6/01/22   6/21 at 100.00 Aa1 1,437,777
1,790   Nevada State, General Obligation Bonds, Capital Improvement & Refunding Series 2015E, 5.000%, 2/01/21   No Opt. Call AA+ 1,796,337
15,700   Total Nevada       16,613,297
    New Jersey – 4.4%        
1,330   Lacey Township School District, Ocean County, New Jersey, General Obligation Bonds, Refunding Series 2016, 5.000%, 4/01/21 –  BAM Insured   No Opt. Call AA 1,344,843
7,000   New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 5.000%, 7/01/23 –  BAM Insured   No Opt. Call AA 7,792,960
1,260   New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Term Series 2019B-1, 5.000%, 7/01/43 (Mandatory Put 7/01/24)   4/24 at 100.87 AA- 1,451,268
14      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New Jersey (continued)        
    New Jersey Higher Education Assistance Authority, Senior Student Loan Revenue Bonds, Refunding Series 2018B:        
$2,500   5.000%, 12/01/21 (AMT)   No Opt. Call AAA $2,605,000
6,500   5.000%, 12/01/22 (AMT)   No Opt. Call Aaa 7,065,045
2,315   New Jersey State, General Obligation Bonds, Covid-19 Emergency Series 2020A, 5.000%, 6/01/26   No Opt. Call A3 2,833,236
    New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A:        
1,335   5.000%, 6/15/22   No Opt. Call A+ 1,416,956
3,000   5.000%, 6/15/23   No Opt. Call A+ 3,301,470
1,000   New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019A, 5.000%, 12/15/24   No Opt. Call Baa1 1,152,980
    Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A:        
5,000   5.000%, 6/01/21   No Opt. Call A 5,098,050
1,685   5.000%, 6/01/23   No Opt. Call A 1,872,776
32,925   Total New Jersey       35,934,584
    New Mexico – 1.5%        
5,440   Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico San Juan Project, Refunding Series 2010E, 1.150%, 6/01/40 (Mandatory Put 6/01/24)   No Opt. Call BBB 5,555,382
2,500   New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2019B, 5.000%, 8/01/49 (Mandatory Put 8/01/25)   5/25 at 100.87 AA 2,928,200
    Santa Fe County, New Mexico, Gross Receipts Tax Revenue Bonds, Capital Outlay Series 2017:        
1,615   5.000%, 6/01/21   No Opt. Call AA+ 1,646,945
2,110   5.000%, 6/01/22   No Opt. Call AA+ 2,253,944
11,665   Total New Mexico       12,384,471
    New York – 4.2%        
4,675   Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Subordinate Revenue Anticipation Notes Series 2020B, 5.000%, 3/31/21   No Opt. Call N/R 4,730,118
14,030   Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2016A Groups A,B&C, 5.000%, 3/15/22   No Opt. Call AA+ 14,845,143
    Monroe County Industrial Development Corporation, New York, Revenue Bonds, Rochester Regional Health Project, Series 2020A:        
400   5.000%, 12/01/22   No Opt. Call BBB+ 433,812
500   5.000%, 12/01/23   No Opt. Call BBB+ 563,450
600   5.000%, 12/01/24   No Opt. Call BBB+ 700,764
2,475   New York City, New York, General Obligation Bonds, Fiscal 2021 Series A-1, 5.000%, 8/01/24   No Opt. Call AA 2,880,702
      15

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    New York (continued)        
$3,000   New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, Rochester Gas and Electric Corporation, Series 2004C, 2.625%, 4/01/34 (Mandatory Put 7/03/23)   No Opt. Call A- $3,166,980
1,210   Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Eighty-Fifth Series 2014, 5.000%, 9/01/23 (AMT)   No Opt. Call Aa3 1,355,757
3,895   Suffolk County, New York, General Obligation Bonds, Tax Anticipation Note Series 2021I, 2.000%, 7/22/21   No Opt. Call N/R 3,920,045
1,265   Suffolk County, New York, General Obligation Bonds, Tax Anticipation Note Series 2021-II, 2.000%, 8/19/21 (WI/DD)   No Opt. Call N/R 1,274,272
32,050   Total New York       33,871,043
    North Carolina – 0.7%        
1,745   North Carolina Central University, General Revenue Bonds, Refunding Series 2016, 5.000%, 10/01/23   No Opt. Call A3 1,932,867
2,990   North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Bond Anticipation Bond Senior Lien Series 2020, 5.000%, 2/01/24   No Opt. Call BBB 3,391,736
500   University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A, 5.000%, 10/01/24   No Opt. Call Aa3 583,895
5,235   Total North Carolina       5,908,498
    North Dakota – 0.5%        
    Grand Forks, North Dakota, Senior Housing and Nursing Facilities Revenue Bonds, Valley Homes Obligated Group, Series 2016A:        
585   4.750%, 12/01/21   No Opt. Call N/R 594,799
1,245   5.000%, 12/01/22   No Opt. Call N/R 1,291,687
280   West Fargo Public School District 6, Cass County, North Dakota, General Obligation Bonds, Special Assessment Prepayment Series 2020C, 4.000%, 8/01/26   No Opt. Call Aa2 334,415
    West Fargo, North Dakota, General Obligation Bonds, Refunding Improvement Series 2020A:        
750   2.000%, 5/01/24   No Opt. Call A1 783,893
500   4.000%, 5/01/25   No Opt. Call A1 570,445
500   4.000%, 5/01/26   No Opt. Call A1 582,205
3,860   Total North Dakota       4,157,444
    Ohio – 1.5%        
845   Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Refunding Series 2017, 4.000%, 11/15/22   No Opt. Call A 897,441
850   Cleveland, Ohio, Airport System Revenue Bonds, Series 2019B, 5.000%, 1/01/22 (AMT)   No Opt. Call A2 882,683
685   Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (5)   No Opt. Call N/R 856
1,710   Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2005A, 2.100%, 1/01/29 (Mandatory Put 10/01/24) (AMT)   No Opt. Call BBB+ 1,794,867
2,310   Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018C, 5.000%, 1/15/42 (Mandatory Put 9/15/21)   No Opt. Call A 2,378,168
16      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Ohio (continued)        
$4,000   Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018D, 5.000%, 1/15/39 (Mandatory Put 9/15/23)   No Opt. Call A $4,472,720
360   Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Variable Rate Series 2020B, 5.000%, 1/15/50 (Mandatory Put 1/15/25)   1/25 at 100.00 A 420,581
500   Warren County, Ohio, Healthcare Facilities Revenue Bonds, Otterbein Homes Obligated Group, Refunding Series 2013A, 4.000%, 7/01/22   No Opt. Call A 522,995
500   Warren County, Ohio, Healthcare Facilities Revenue Bonds, Otterbein Homes Obligated Group, Refunding Series 2019A, 4.000%, 7/01/21   No Opt. Call A 507,865
11,760   Total Ohio       11,878,176
    Oklahoma – 0.2%        
1,065   Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Norman Public Schools Project, Series 2019, 5.000%, 6/01/24   No Opt. Call A+ 1,215,964
425   Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B, 5.000%, 8/15/22   No Opt. Call Baa3 449,425
1,490   Total Oklahoma       1,665,389
    Oregon – 1.4%        
    Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2020B:        
300   0.000%, 6/15/23 (6)   No Opt. Call AA+ 326,433
500   0.000%, 6/15/24 (6)   No Opt. Call AA+ 566,125
350   0.000%, 6/15/26   No Opt. Call AA+ 425,688
4,620   Oregon Business Development Commission, Economic Development Revenue Bonds, Intel Corporation Project, 250 Series 2019, 5.000%, 3/01/49 (Mandatory Put 3/01/22) (AMT)   No Opt. Call A+ 4,857,560
450   Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services Project, Refunding Series 2020A, 5.000%, 10/01/24   No Opt. Call BBB+ 520,240
3,000   Oregon Health and Science University, Revenue Bonds, Series 2019B-2, 5.000%, 7/01/42 (Mandatory Put 2/01/25)   11/24 at 100.00 AA- 3,403,080
1,000   Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Series 2019A, 4.000%, 5/15/22   No Opt. Call AA- 1,046,850
10,220   Total Oregon       11,145,976
    Pennsylvania – 1.7%        
1,000   Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/22   No Opt. Call A 1,053,830
800   Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical Center Project, Series 2018A, 5.000%, 11/15/21   No Opt. Call AA- 830,752
1,000   Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018, 5.000%, 6/01/22   No Opt. Call A1 1,062,780
1,625   Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2020B, 5.000%, 4/01/43 (Mandatory Put 2/15/27)   8/26 at 100.00 AA- 2,002,016
465   Pennsylvania State University, Revenue Bonds, Series 2020E, 5.000%, 3/01/24   No Opt. Call Aa1 534,508
1,000   Pennsylvania State, General Obligation Bonds, First Series 2015, 5.000%, 3/15/22   No Opt. Call Aa3 1,057,360
      17

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Pennsylvania (continued)        
$5,045   Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Series 2016, 5.000%, 6/01/21   No Opt. Call A3 $5,132,228
940   Philadelphia School District, Pennsylvania, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2020-21A, 4.000%, 6/30/21   No Opt. Call N/R 957,635
400   Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017A, 5.000%, 7/01/22   No Opt. Call A2 427,224
    Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, First Lien Series 2020B:        
550   4.000%, 9/01/23 –  AGM Insured   No Opt. Call AA 602,822
300   4.000%, 9/01/24 –  AGM Insured   No Opt. Call AA 338,958
13,125   Total Pennsylvania       14,000,113
    South Carolina – 1.3%        
2,215   Richland County, South Carolina, Environmental Improvement Revenue Bonds, International Paper Company Project, Refunding Series 2014A, 3.875%, 4/01/23 (AMT)   No Opt. Call BBB 2,389,010
875   Rock Hill, South Carolina, Combined Utility System Revenue Bonds, Series 2016, 5.000%, 1/01/27   1/26 at 100.00 A 1,053,456
3,285   South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Bon Secours Mercy Health, Inc, Series 2020B, 5.000%, 12/01/48 (Mandatory Put 10/01/25)   No Opt. Call AA- 3,928,105
2,980   South Carolina State Ports Authority, Revenue Bonds, Series 2018, 5.000%, 7/01/22 (AMT)   No Opt. Call A+ 3,179,124
9,355   Total South Carolina       10,549,695
    South Dakota – 0.4%        
200   Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project, Refunding Series 2016, 3.000%, 11/01/21   No Opt. Call BB 199,608
585   Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project, Series 2017, 3.100%, 11/01/22   No Opt. Call BB 585,614
1,940   South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health, Series 2019A, 5.000%, 7/01/33 (Mandatory Put 7/01/24)   4/24 at 100.00 AA- 2,214,064
2,725   Total South Dakota       2,999,286
    Tennessee – 0.7%        
100   Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 5.000%, 8/01/28   No Opt. Call BBB+ 127,682
1,050   Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, Covenant Health, Refunding Series 2012A, 5.000%, 1/01/21   No Opt. Call A+ 1,050,000
4,000   Tennergy Corporation, Tennessee, Gas Revenue Bonds, Series 2019A, 5.000%, 2/01/50 (Mandatory Put 10/01/24)   7/24 at 100.58 Aa2 4,644,920
5,150   Total Tennessee       5,822,602
    Texas – 12.7%        
1,150   Austin Convention Enterprises Inc, Texas, Convention Center Hotel Revenue Bonds, Refunding First Tier Series 2017A, 5.000%, 1/01/21   No Opt. Call BBB- 1,150,000
5,000   Austin, Texas, Airport System Revenue Bonds, Refunding Series 2019, 5.000%, 11/15/23 (AMT)   No Opt. Call A1 5,628,100
1,000   Austin, Texas, Airport System Revenue Bonds, Series 2019B, 5.000%, 11/15/22 (AMT)   No Opt. Call A1 1,084,230
18      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
    Brazos Higher Education Authority Inc, Texas, Student Loan Program Revenue Bonds, Senior Series 2020-1A:        
$1,175   5.000%, 4/01/23 (AMT)   No Opt. Call AA $1,280,891
775   5.000%, 4/01/24 (AMT)   No Opt. Call AA 871,092
500   5.000%, 4/01/25 (AMT)   No Opt. Call AA 577,065
1,540   Central Texas Regional Mobility Authority, Revenue Bonds, Anticipation Notes Subordinate Lien Series 2020F, 5.000%, 1/01/25   7/24 at 100.00 BBB+ 1,771,878
1,570   Conroe, Texas, General Obligation Bonds, Limited Tax Refunding Series 2020, 5.000%, 3/01/22   No Opt. Call AA+ 1,656,366
1,000   Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2013E, 5.000%, 11/01/22 (AMT)   No Opt. Call A1 1,080,760
2,000   Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2014D, 5.000%, 11/01/22 (AMT)   No Opt. Call A+ 2,161,520
2,500   Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2020A, 5.000%, 11/01/24   No Opt. Call A1 2,935,950
2,030   El Paso, Texas, Airport Revenue Bonds, El Paso International Airport Series 2018, 5.000%, 8/15/23 (AMT)   No Opt. Call A 2,244,754
4,550   Fort Worth Independent School District, Tarrant County, Texas, General Obligation Bonds, Refunding School Building Series 2015, 5.000%, 2/15/23   No Opt. Call AAA 5,010,870
1,655   Galveston Independent School District, Galveston County, Texas, General Obligation Bonds, School Building Series 2018, 5.000%, 2/01/22   No Opt. Call Aaa 1,741,325
5,000   Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Bond Anticipation Note Series 2014A, 5.000%, 2/01/23   No Opt. Call A+ 5,435,100
4,170   Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Refunding Series 2020C-2, 5.000%, 6/01/32 (Mandatory Put 12/01/24)   9/24 at 101.10 A+ 4,911,176
8,000   Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Refunding Series 2020C-3, 5.000%, 6/01/32 (Mandatory Put 12/01/26)   9/26 at 101.02 A+ 10,073,040
3,595   Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Series 2019B-1, 5.000%, 7/01/49 (Mandatory Put 12/01/22)   9/22 at 100.88 A+ 3,895,254
2,260   Houston Independent School District, Harris County, Texas, General Obligation Bonds, Refunding Schoolhouse Series 2016A, 5.000%, 2/15/21   No Opt. Call AAA 2,272,249
1,700   Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018A, 5.000%, 7/01/22 (AMT)   No Opt. Call A1 1,812,285
4,210   Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018C, 5.000%, 7/01/23 (AMT)   No Opt. Call AA 4,669,269
5,000   Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2014C, 4.000%, 5/15/21   No Opt. Call AA 5,070,200
5,000   Houston, Texas, General Obligation Bonds, Refunding Public Improvement Series 2017A, 5.000%, 3/01/21   No Opt. Call AA 5,038,000
5,000   Humble Independent School District, Harris County, Texas, General Obligation Bonds, Refunding School Building Series 2015A, 5.250%, 2/15/23   No Opt. Call AAA 5,521,550
      19

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Texas (continued)        
$850   Hunt Memorial Hospital District, Hunt County, Texas, General Obligation Bonds, Refunding & Improvement Series 2020, 5.000%, 2/15/26   No Opt. Call A2 $1,005,839
    Leander, Texas, General Obligation Bonds, Refunding Series 2020:        
500   5.000%, 8/15/23   No Opt. Call AA 561,190
525   5.000%, 8/15/25   No Opt. Call AA 636,536
1,000   Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2020, 5.000%, 5/15/25   No Opt. Call A+ 1,198,830
850   Lubbock Water and Wastewater System, Texas, Revenue Bonds, Refunding Series 2020B, 5.000%, 2/15/25   No Opt. Call AA- 1,010,718
1,000   Lubbock, Texas, General Obligation Bonds, Tax & Waterworks System Surplus Revenue Certificates of Obligation, Series 2015, 5.000%, 2/15/21   No Opt. Call AA+ 1,005,400
450   Matagorda County Navigation District 1, Texas, Pollution Control Revenue Bonds, Central Power & Light Company Project, Refunding Series 1996, 0.900%, 5/01/30 (Mandatory Put 9/01/23) (AMT)   No Opt. Call A- 452,556
310   New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Methodist Retirement Communities Crestview Project, Series 2016, 4.000%, 11/15/21   No Opt. Call BB+ 313,267
2,805   North Harris County Regional Water Authority, Texas, Water Revenue Bonds, Refunding Senior Lien Series 2016, 4.000%, 12/15/24   No Opt. Call AA- 3,197,476
11,970   Texas State, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2020, 4.000%, 8/26/21   No Opt. Call N/R 12,269,130
1,000   Tomball Independent School District, Harris and Montgomery Counties, Texas, General Obligation Bonds, Building Series 2020, 5.000%, 2/15/25   No Opt. Call AAA 1,191,790
1,000   Travis County, Texas, General Obligation Bonds, Refunding Limited Tax Series 2016A, 5.000%, 3/01/21   No Opt. Call AAA 1,007,590
1,000   Upper Trinity Regional Water District, Texas, Regional Treated Water Supply System Revenue Bonds, Refunding Series 2020, 4.000%, 8/01/24   No Opt. Call A+ 1,125,430
93,640   Total Texas       102,868,676
    Utah – 1.3%        
6,000   Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018A, 5.000%, 7/01/23 (AMT)   No Opt. Call A 6,634,080
    Utah Charter School Finance Authority, Charter School Revenue Bonds, Utah Charter Academies Project, Series 2018:        
335   4.000%, 10/15/22   No Opt. Call AA 355,479
350   4.000%, 10/15/23   No Opt. Call AA 380,548
1,000   Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2020B-1, 5.000%, 5/15/60 (Mandatory Put 8/01/24)   2/24 at 102.15 AA+ 1,163,510
1,500   Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2020B-2, 5.000%, 5/15/60 (Mandatory Put 8/01/26)   2/26 at 102.03 AA+ 1,868,355
9,185   Total Utah       10,401,972
20      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Virginia – 1.2%        
$5,000   Amelia County Industrial Development Authority, Virginia, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2002, 3.000%, 4/01/27 (Mandatory Put 4/01/21) (AMT)   No Opt. Call A- $5,028,100
850   Arlington County Industrial Development Authority, Virginia, Hospital Facility Revenue Bonds, Virginia Hospital Center, Series 2020, 5.000%, 7/01/24   No Opt. Call AA- 982,923
1,755   Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Bond Anticipation Notes Series 2019, 5.000%, 11/01/23   No Opt. Call BBB 1,963,073
1,000   Suffolk, Virginia, General Obligation Bonds, Refunding Series 2014, 5.000%, 2/01/25 (Pre-refunded 2/01/24)   2/24 at 100.00 AAA (4) 1,147,270
540   Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2010A, 1.200%, 11/01/40 (Mandatory Put 5/31/24)   No Opt. Call A2 552,819
9,145   Total Virginia       9,674,185
    Washington – 3.2%        
1,500   Chelan County Public Utility District 1, Washington, Consolidated System Revenue Bonds, Refunding Series 2020A, 5.000%, 7/01/23   No Opt. Call AA+ 1,676,325
1,000   King County School District 406 Tukwila, Washington, General Obligation Bonds, Series 2016, 4.000%, 12/01/21   No Opt. Call Aaa 1,035,110
1,370   King County School District 414 Lake Washington, Washington, General Obligation Bonds, Refunding Series 2020, 4.000%, 12/01/25   No Opt. Call Aaa 1,619,121
1,955   King County, Washington, Sewer Revenue Bonds, Refunding Junior Lien Series 2020A, 0.625%, 1/01/32 (Mandatory Put 1/01/24)   7/23 at 100.00 AA 1,961,041
225   Port Everett, Washington, Revenue Bonds, Refunding Series 2016, 4.000%, 12/01/21   No Opt. Call A2 232,585
1,590   Port of Seattle, Washington, General Obligation Bonds, Refunding Series 2011, 5.250%, 12/01/21 (AMT)   6/21 at 100.00 AAA 1,622,531
    Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015C:        
1,000   5.000%, 4/01/21 (AMT)   No Opt. Call AA- 1,011,110
1,000   5.000%, 4/01/22 (AMT)   No Opt. Call AA- 1,057,430
3,360   5.000%, 4/01/24 (AMT)   No Opt. Call AA- 3,813,432
    Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019:        
1,000   5.000%, 4/01/21 (AMT)   No Opt. Call AA- 1,011,110
2,000   5.000%, 4/01/24 (AMT)   No Opt. Call AA- 2,269,900
1,775   Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital, Refunding & Improvement Series 2016, 4.000%, 12/01/21   No Opt. Call Baa2 1,817,494
2,150   Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/24)   2/24 at 100.00 BBB+ 2,434,896
2,550   Washington State, Federal Highway Grant Anticipation Revenue Bonds, Garvee - SR 520 Corridor Program, Series 2012F, 5.000%, 9/01/21   No Opt. Call AA 2,630,656
2,000   Washington State, General Obligation Bonds, Various Purpose Series 2013D, 5.000%, 2/01/23   No Opt. Call Aaa 2,199,340
24,475   Total Washington       26,392,081
      21

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    West Virginia – 0.3%        
$2,710   West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Wheeling Power Company - Mitchell Project, Series 2013A, 3.000%, 6/01/37 (Mandatory Put 4/01/22) (AMT)   No Opt. Call A- $2,787,858
    Wisconsin – 2.8%        
    Kenosha, Wisconsin, General Obligation Bonds, Promissory Note Series 2020A:        
350   2.000%, 5/01/23   No Opt. Call AA 361,487
625   2.000%, 5/01/25   No Opt. Call AA 661,288
    New Richmond School District, St Croix County, Wisconsin, General Obligation Bonds, Refunding Series 2021:        
1,500   4.000%, 4/01/24 (WI/DD)   No Opt. Call Aa2 1,670,370
600   5.000%, 4/01/26 (WI/DD)   No Opt. Call Aa2 735,396
    Public Finance Authority of Wisconsin, Health Care Facilities Revenue Bonds, Blue Ridge HealthCare, Refunding Series 2020A:        
400   5.000%, 1/01/22   No Opt. Call A 417,044
300   5.000%, 1/01/23   No Opt. Call A 325,872
200   5.000%, 1/01/24   No Opt. Call A 225,582
400   5.000%, 1/01/26   No Opt. Call A 481,828
    Public Finance Authority of Wisconsin, Hospital Revenue Bonds, Renown Regional Medical Center Project, Refunding Series 2020A:        
700   5.000%, 6/01/24   No Opt. Call A+ 804,587
325   5.000%, 6/01/26   No Opt. Call A+ 398,528
250   Racine, Racine County, Wisconsin, General Obligation Bonds, Refunding Series 2020B, 4.000%, 12/01/24   No Opt. Call AA- 283,498
1,360   Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc, Series 2012, 5.000%, 6/01/27   6/22 at 100.00 A3 1,431,495
3,155   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Advocate Aurora Health Credit Group, Variable Rate Demand Series 2018B-3, 5.000%, 8/15/54 (Mandatory Put 1/31/24)   No Opt. Call AA 3,591,336
    Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Agnesian HealthCare, Inc, Series 2017:        
1,050   5.000%, 7/01/21   No Opt. Call A+ 1,072,942
250   5.000%, 7/01/26   No Opt. Call A+ 308,035
    Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Bellin Memorial Hospital, Inc, Series 2019A:        
75   5.000%, 12/01/23   No Opt. Call A+ 84,843
100   5.000%, 12/01/24   No Opt. Call A+ 117,132
110   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Bellin Memorial Hospital, Inc, Series 2019B, 3.000%, 12/01/24   No Opt. Call A+ 120,358
1,055   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Benevolent Corporation Cedar Community, Series 2017, 5.000%, 6/01/22   No Opt. Call N/R 1,089,699
22      

Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Wisconsin (continued)        
$330   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Franciscan Sisters of Christian Charity Sponsored Ministry, Series 2017A, 5.000%, 9/01/21   No Opt. Call BBB- $337,633
3,745   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Marshfield Clinic Health System, Inc, Series 2020B-2, 5.000%, 2/15/51 (Mandatory Put 2/15/27)   8/26 at 100.00 A- 4,545,007
    Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint John's Communities Inc, Series 2018A:        
500   4.000%, 9/15/21   No Opt. Call BBB- 507,545
500   4.000%, 9/15/22   No Opt. Call BBB- 517,670
455   4.000%, 9/15/23   No Opt. Call BBB- 479,479
1,640   Wisconsin Rapids School District, Wood and Portage Counties, Wisconsin, General Obligation Bonds, Refunding Series 2020, 5.000%, 4/01/24   No Opt. Call Aa3 1,876,078
19,975   Total Wisconsin       22,444,732
$694,256   Total Municipal Bonds (cost $734,909,057)       750,579,706
    
Shares   Description (1)       Value
    COMMON STOCKS – 0.1%        
    Electric Utilities – 0.1%        
22,152   Energy Harbor Corp (7), (8), (9)       $569,306
    Total Common Stocks (cost $751,144)       569,306
    Total Long-Term Investments (cost $735,660,201)       751,149,012
    
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    SHORT-TERM INVESTMENTS – 6.2%        
    MUNICIPAL BONDS – 6.2%        
    National – 2.8%        
$7,500   JPMorgan Chase Putters/Drivers Trust Various States, Variable Rate Demand Obligations, Series 5028, 0.290%, 6/01/21 (AMT), 144A   No Opt. Call AAA $7,500,000
15,100   JPMorgan Chase Putters/Drivers Trust Various States, Variable Rate Demand Obligations, Series 5029, 0.290%, 12/01/21 (AMT), 144A (10)   No Opt. Call AAA 15,100,000
22,600   Total National       22,600,000
    Alabama – 0.2%        
1,795   Mobile Industrial Development Board, Alabama, Pollution Control Revenue Refunding Bonds, Alabama Power Company Barry Plan, Series 2007A, 1.000%, 6/01/34 (Mandatory Put 6/26/25)   No Opt. Call A1 1,841,203
    Arizona – 0.3%        
2,000   Yavapai County Industrial Development Authority, Arizona, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2003A-2, 2.200%, 3/01/28 (AMT) (Mandatory Put 6/03/24)   No Opt. Call A- 2,112,060
      23

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Florida – 0.2%        
$1,980   Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A, 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A   2/21 at 103.00 N/R $1,942,618
    Indiana – 0.4%        
3,250   Indiana Development Finance Authority, Solid Waste Disposal Revenue Refunding Bonds, Waste Management Inc Project, Series 2001, 2.950%, 10/01/31 (AMT) (Mandatory Put 10/01/21)   No Opt. Call A- 3,305,250
    Louisiana – 0.3%        
2,400   Louisiana Offshore Terminal Authority, Deepwater Port Revenue Bonds, LOOP Inc Project, Variable Rate Series 2010B-1A, 2.000%, 10/01/40 (Mandatory Put 10/01/22) (10)   No Opt. Call BBB+ 2,423,808
    Minnesota – 0.4%        
3,095   Minneapolis, Minnesota, Revenue Bonds, University Gateway Project, Variable Rate Demand Obligation Series 2002, 0.090%, 5/04/32 (10)   12/20 at 100.00 Aa1 3,095,000
    Oregon – 0.2%        
1,200   Gilliam County, Oregon, Solid Waste Disposal Revenue Bonds, Waste Management Inc Project, Series 2003A, 2.400%, 7/01/38 (AMT) (Mandatory Put 5/02/22)   No Opt. Call A- 1,231,032
    Virginia – 0.5%        
1,500   Charles City County Industrial Development Authority, Virginia, Solid Waste Disposal Facility Revenue Bonds, Waste Management, Inc, Series 2003, 2.400%, 8/01/27 (AMT) (Mandatory Put 5/02/22)   No Opt. Call A- 1,538,790
1,250   Gloucester County Industrial Development Authority, Virginia, Solid Waste Disposal Revenue Bonds, Waste Management Disposal Services of Virginia, Inc Project, Variable Rate Series 2003A, 2.400%, 9/01/38 (AMT) (Mandatory Put 5/02/22) (10)   No Opt. Call A- 1,282,325
1,470   Sussex County Industrial Development Authority, Virginia, Solid Waste Disposal Revenue Bonds, Atlantic Waste Disposal, Inc Project, Variable Rate Series 2003A, 2.400%, 6/01/28 (AMT) (Mandatory Put 5/02/22) (10)   No Opt. Call A- 1,508,014
4,220   Total Virginia       4,329,129
    Wisconsin – 0.9%        
470   Public Finance Authority of Wisconsin, Health Care Facilities Revenue Bonds, Blue Ridge HealthCare, Refunding Series 2020A, 5.000%, 1/01/21   No Opt. Call A 470,000
2,855   Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Refunding Series 2016A-3, 2.000%, 7/01/29 (AMT) (Mandatory Put 6/01/21)   No Opt. Call A- 2,870,703
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Principal Amount (000)   Description (1)   Optional Call Provisions (2) Ratings (3) Value
    Wisconsin (continued)        
$3,715   Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Advocate Aurora Health Credit Group, Variable Rate Demand Series 2018B-2, 5.000%, 8/15/54 (Mandatory Put 1/25/23) (10)   No Opt. Call AA $4,065,287
7,040   Total Wisconsin       7,405,990
$49,580   Total Short-Term Investments (cost $49,889,503)       50,286,090
    Total Investments (cost $785,549,704) – 98.7%       801,435,102
    Other Assets Less Liabilities – 1.3%       10,655,968
    Net Assets  –  100%       $812,091,070
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value them:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
Municipal Bonds $ — $750,579,706 $ — $750,579,706
Common Stocks  — 569,306  — 569,306
Short-Term Investments:        
Municipal Bonds  — 50,286,090  — 50,286,090
Total $ — $801,435,102 $ — $801,435,102
      25

Nuveen Short Term Municipal Bond Fund (continued)
Portfolio of Investments    December 31, 2020
(Unaudited)
(1) All percentages shown in the Portfolio of Investments are based on net assets.  
(2) Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns.  
(3) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(4) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest.  
(5) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy.  
(6) Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period.  
(7) Common Stock received as part of the bankruptcy settlements for Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 0.000%, 12/01/23.  
(8) For fair value measurement disclosure purposes, investment classified as Level 2.  
(9) Non-income producing; issuer has not declared an ex-dividend date within the past twelve months.  
(10) Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
AMT Alternative Minimum Tax  
ETM Escrowed to maturity  
WI/DD Purchased on a when-issued or delayed delivery basis.  
26