Nuveen Minnesota Intermediate Municipal Bond Fund
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 98.5% | ||||||
MUNICIPAL BONDS – 98.5% | ||||||
Education and Civic Organizations – 16.3% | ||||||
Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A: | ||||||
$425 | 3.000%, 8/01/23 | No Opt. Call | BB+ | $438,689 | ||
720 | 3.500%, 8/01/25 | No Opt. Call | BB+ | 771,689 | ||
130 | 4.000%, 8/01/28 | 8/26 at 100.00 | BB+ | 143,326 | ||
1,160 | Brooklyn Center, Minnesota, Charter School Lease Revenue Bonds, Tesfa International dba Twin Lakes STEM Academy Project, Series 2021A, 5.000%, 6/15/37 | 6/29 at 100.00 | N/R | 1,179,674 | ||
City of Ham Lake, Minnesota, Charter School Lease Revenue Bonds, DaVinci Academy Project,Series 2016A: | ||||||
100 | 5.000%, 7/01/31 | 7/24 at 102.00 | N/R | 109,928 | ||
1,000 | 5.000%, 7/01/36 | 7/24 at 102.00 | N/R | 1,092,290 | ||
Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project, Series 2015A: | ||||||
190 | 5.000%, 7/01/30 | 7/25 at 100.00 | BB+ | 212,403 | ||
710 | 5.250%, 7/01/37 | 7/25 at 100.00 | BB+ | 799,133 | ||
Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project, Series 2016A: | ||||||
200 | 4.000%, 7/01/22 | No Opt. Call | BB+ | 204,628 | ||
465 | 4.000%, 7/01/23 | No Opt. Call | BB+ | 487,283 | ||
300 | 4.000%, 7/01/24 | No Opt. Call | BB+ | 320,529 | ||
135 | 4.000%, 7/01/25 | No Opt. Call | BB+ | 146,726 | ||
130 | 4.000%, 7/01/26 | 7/25 at 100.00 | BB+ | 141,141 | ||
300 | 4.000%, 7/01/27 | 7/25 at 100.00 | BB+ | 324,318 | ||
370 | 4.000%, 7/01/28 | 7/25 at 100.00 | BB+ | 399,134 | ||
240 | Deephaven, Minnesota, Charter School Lease Revenue Bonds, Seven Hills Preparatory Academy Project, Series 2017A, 4.375%, 10/01/27 | 10/24 at 100.00 | N/R | 253,111 | ||
645 | Forest Lake, Minnesota, Charter School Lease Revenue Bonds, Lakes International Language Academy, Series 2014A, 5.500%, 8/01/36 | 8/22 at 102.00 | BB+ | 676,663 | ||
Greenwood, Minnesota, Charter School Lease Revenue Bonds, Main Street School of Performing Arts Project, Series 2016A: | ||||||
1,010 | 4.500%, 7/01/26 | No Opt. Call | N/R | 1,093,204 | ||
40 | 5.000%, 7/01/36 | 7/26 at 100.00 | N/R | 42,974 | ||
1,820 | Ham Lake, Minnesota Charter School Lease Revenue Bonds, Parnassus Preparatory School Project, Series 2016A, 4.000%, 11/01/26 | No Opt. Call | BB | 1,948,565 | ||
975 | Hugo, Minnesota, Charter School Lease Revenue Bonds, Noble Academy Project, Series 2014A, 5.000%, 7/01/44 | 7/24 at 100.00 | BB | 1,027,494 |
1
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
Independence, Minnesota, Charter School Lease Revenue Bonds, Beacon Academy Project, Series 2016A: | ||||||
$1,000 | 4.750%, 7/01/31 | 7/26 at 100.00 | N/R | $1,070,210 | ||
500 | 5.000%, 7/01/36 | 7/26 at 100.00 | N/R | 531,215 | ||
1,350 | Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Hiawatha Academies Project, Series 2016A, 5.000%, 7/01/31 | 7/24 at 102.00 | N/R | 1,475,766 | ||
1,405 | Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Twin Cities International Schools Project, Series 2017A, 5.000%, 12/01/32, 144A | 12/27 at 100.00 | N/R | 1,617,464 | ||
1,380 | Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Yinghua Academy Project, Series 2013A, 6.000%, 7/01/33 | 7/23 at 100.00 | BB+ | 1,480,229 | ||
315 | Minneapolis, Minnesota, Revenue Bonds, Blake School Project, Refundinjg Series 2010, 4.000%, 9/01/21 | 8/21 at 100.00 | A2 | 315,000 | ||
1,040 | Minneapolis, Minnesota, Revenue Bonds, University Gateway Project, Refunding Series 2015, 4.000%, 12/01/28 | 12/24 at 100.00 | Aa1 | 1,146,933 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Bethel University, Refunding Series 2017: | ||||||
2,800 | 5.000%, 5/01/32 | 5/27 at 100.00 | BB+ | 3,204,768 | ||
405 | 5.000%, 5/01/37 | 5/27 at 100.00 | BB+ | 458,654 | ||
1,600 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Carleton College, Refunding Series 2017, 4.000%, 3/01/33 | 3/27 at 100.00 | Aa2 | 1,823,280 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, College of Saint Scholastica, Inc, Refunding Series 2019: | ||||||
100 | 3.000%, 12/01/22 | No Opt. Call | Baa2 | 102,993 | ||
140 | 3.000%, 12/01/23 | No Opt. Call | Baa2 | 147,172 | ||
105 | 4.000%, 12/01/24 | No Opt. Call | Baa2 | 115,818 | ||
310 | Minnesota Higher Education Facilities Authority, Revenue Bonds, College of St Scholastica, Inc, Series 2012-7R, 3.375%, 12/01/22 | No Opt. Call | Baa2 | 320,720 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Gustavus Adolfus College, Series 2013-7W: | ||||||
350 | 4.000%, 10/01/21 | No Opt. Call | A3 | 351,005 | ||
250 | 5.000%, 10/01/22 | No Opt. Call | A3 | 262,298 | ||
500 | 5.000%, 10/01/23 | No Opt. Call | A3 | 546,860 | ||
1,000 | 4.250%, 10/01/28 | 10/23 at 100.00 | A3 | 1,066,360 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Macalester College, Refunidng Series 2021: | ||||||
100 | 4.000%, 3/01/29 | No Opt. Call | Aa3 | 121,984 | ||
150 | 4.000%, 3/01/30 | No Opt. Call | Aa3 | 185,682 | ||
160 | 4.000%, 3/01/31 | No Opt. Call | Aa3 | 200,437 | ||
140 | 4.000%, 3/01/32 | 3/31 at 100.00 | Aa3 | 173,922 | ||
1,250 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Macalester College, Series 201528J, 3.250%, 3/01/29 | 3/25 at 100.00 | Aa3 | 1,349,350 |
2
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
$1,235 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Catherine University, Refunding Series 2018A, 5.000%, 10/01/31 | 10/28 at 100.00 | Baa1 | $1,511,862 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint John's University, Refunding Series 2021: | ||||||
500 | 4.000%, 10/01/32 | 10/30 at 100.00 | A2 | 610,120 | ||
200 | 4.000%, 10/01/34 | 10/30 at 100.00 | A2 | 242,338 | ||
700 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint John's University, Series 2015-8I, 3.375%, 10/01/30 | 10/25 at 100.00 | A2 | 761,516 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Olaf College, Series 2015-8-G: | ||||||
1,305 | 5.000%, 12/01/26 | 12/25 at 100.00 | A1 | 1,544,676 | ||
1,000 | 5.000%, 12/01/28 | 12/25 at 100.00 | A1 | 1,177,020 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Olaf College, Series 2021: | ||||||
1,250 | 3.000%, 10/01/38 | 10/30 at 100.00 | A1 | 1,386,050 | ||
1,000 | 3.000%, 10/01/41 | 10/30 at 100.00 | A1 | 1,100,050 | ||
1,500 | 4.000%, 10/01/46 | 10/30 at 100.00 | A1 | 1,780,080 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2013-7U: | ||||||
2,000 | 4.000%, 4/01/25 | 4/23 at 100.00 | A2 | 2,113,740 | ||
775 | 4.000%, 4/01/26 | 4/23 at 100.00 | A2 | 817,501 | ||
300 | 4.000%, 4/01/27 | 4/23 at 100.00 | A2 | 315,846 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2017A: | ||||||
750 | 4.000%, 10/01/34 | 10/27 at 100.00 | A2 | 865,275 | ||
525 | 4.000%, 10/01/35 | 10/27 at 100.00 | A2 | 604,863 | ||
450 | 4.000%, 10/01/36 | 10/27 at 100.00 | A2 | 517,460 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2019: | ||||||
400 | 5.000%, 10/01/27 | No Opt. Call | A2 | 497,124 | ||
295 | 5.000%, 10/01/28 | No Opt. Call | A2 | 375,284 | ||
1,000 | 4.000%, 10/01/31 | 10/29 at 100.00 | A2 | 1,203,570 | ||
450 | Minnesota Office of Higher Education, Supplemental Student Loan Program Revenue Bonds, 2020 Senior Series, 5.000%, 11/01/26 (AMT) | No Opt. Call | AA | 539,820 | ||
705 | Minnesota Office of Higher Education, Supplemental Student Loan Program Revenue Bonds, Senior Series 2018, 5.000%, 11/01/26 (AMT) | No Opt. Call | AA | 845,718 | ||
Minnesota State Colleges and University, General Fund Revenue Bonds, Series 2011A: | ||||||
1,515 | 4.250%, 10/01/24 | 10/21 at 100.00 | AA- | 1,519,999 | ||
880 | 4.375%, 10/01/25 | 10/21 at 100.00 | AA- | 882,992 | ||
905 | 4.500%, 10/01/26 | 10/21 at 100.00 | AA- | 908,167 | ||
1,185 | Minnesota State Colleges and University, General Fund Revenue Bonds, Series 2015A, 3.000%, 10/01/26 | 4/25 at 100.00 | AA- | 1,286,863 |
3
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
Moorhead, Minnesota, Educational Facilities Revenue Bonds, The Concordia College Corporation Project, Series 2016: | ||||||
$980 | 4.000%, 12/01/30 | 12/25 at 100.00 | Baa1 | $1,066,759 | ||
1,060 | 4.000%, 12/01/32 | 12/25 at 100.00 | Baa1 | 1,148,340 | ||
935 | Otsego, Minnesota, Charter School Lease Revenue Bonds, Kaleidoscope Charter School Project, Series 2014A, 5.000%, 9/01/34 | 9/24 at 100.00 | BB- | 991,521 | ||
560 | Ramsey, Anoka County, Minnesota, Lease Revenue Bonds, PACT Charter School Project, Refunding Series 2013A, 5.000%, 12/01/26 | 12/21 at 100.00 | BBB- | 565,611 | ||
70 | Saint Cloud, Minnesota, Charter School Lease Revenue Bonds, Stride Academy Project, Series 2016A, 5.000%, 4/01/36 (4) | 4/26 at 100.00 | N/R | 66,788 | ||
710 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Great River School Project, Series 2017A, 5.500%, 7/01/38, 144A | 7/27 at 100.00 | N/R | 816,138 | ||
2,005 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Hmong College Prep Academy Project, Series 2016A, 5.250%, 9/01/31 | 9/26 at 100.00 | BB+ | 2,341,459 | ||
200 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Metro Deaf School Project, Series 2018A, 5.000%, 6/15/38, 144A | 6/25 at 100.00 | N/R | 217,946 | ||
165 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Nova Classical Academy, Series 2011A, 5.700%, 9/01/21 | No Opt. Call | BB+ | 165,000 | ||
200 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Nova Classical Academy, Series 2016A, 4.000%, 9/01/31 | 9/24 at 102.00 | BB+ | 213,406 | ||
885 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Twin Cities Academy Project, Series 2015A, 5.000%, 7/01/35 | 7/25 at 100.00 | BB | 962,606 | ||
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Twin Cities German Immersion School, Series 2013A: | ||||||
95 | 4.000%, 7/01/23 | No Opt. Call | BB | 98,406 | ||
700 | 5.000%, 7/01/33 | 7/23 at 100.00 | BB | 735,595 | ||
260 | Saint Paul Housing and Redevelopment Authority, Minnesota, Lease Revenue Bonds, Saint Paul Conservatory for Performing Artists Charter School Project, Series 2013A, 4.000%, 3/01/28 | 3/23 at 100.00 | BB | 266,622 | ||
2,770 | Savage, Minnesota Charter School Lease Revenue Bonds, Aspen Academy Project, Series 2016A, 5.000%, 10/01/36 | 10/26 at 100.00 | N/R | 3,053,897 | ||
250 | University of Minnesota, General Obligation Bonds, Refunding Series 2017B, 5.000%, 12/01/21 | No Opt. Call | Aa1 | 253,050 | ||
University of Minnesota, General Obligation Bonds, Series 2014B: | ||||||
1,000 | 4.000%, 1/01/31 | 1/24 at 100.00 | Aa1 | 1,078,730 | ||
1,000 | 4.000%, 1/01/32 | 1/24 at 100.00 | Aa1 | 1,077,770 | ||
1,000 | 4.000%, 1/01/34 | 1/24 at 100.00 | Aa1 | 1,075,830 | ||
University of Minnesota, General Obligation Bonds, Series 2019A: | ||||||
1,310 | 5.000%, 4/01/29 | No Opt. Call | Aa1 | 1,713,454 | ||
1,890 | 5.000%, 4/01/30 | 4/29 at 100.00 | Aa1 | 2,454,411 |
4
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
Winona Port Authority, Minnesota, Charter School Lease Revenue Bonds, Bluffview Montessori School Project, Refunding Series 2016: | ||||||
$150 | 3.750%, 6/01/26 | 6/24 at 100.00 | N/R | $153,897 | ||
10 | 4.500%, 6/01/36 | 6/24 at 100.00 | N/R | 10,217 | ||
690 | Woodbury, Minnesota, Charter School Lease Revenue Bonds, Woodbury Leadership Academy, Series 2021A, 4.000%, 7/01/31 | 7/28 at 103.00 | BB- | 782,357 | ||
67,135 | Total Education and Civic Organizations | 74,598,766 | ||||
Health Care – 14.2% | ||||||
3,370 | Chippewa County, Minnesota, Gross Revenue Hospital Bonds, Montevideo Hospital Project, Refunding Series 2016, 4.000%, 3/01/29 | 3/26 at 100.00 | N/R | 3,653,282 | ||
City of Plato, Minnesota, Health Care Facilities Revenue Bonds, Glencoe Regional Health Services Project, Series 2017: | ||||||
1,140 | 4.000%, 4/01/29 | 4/27 at 100.00 | BBB | 1,285,886 | ||
1,040 | 4.000%, 4/01/32 | 4/27 at 100.00 | BBB | 1,145,498 | ||
1,150 | Crookston, Minnesota, Health Care Facilities Revenue Bonds, RiverView Health Project, Refunding Series 2017A, 4.000%, 5/01/32 | 5/25 at 100.00 | N/R | 1,161,891 | ||
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Series 2018A: | ||||||
1,045 | 5.000%, 2/15/33 | 2/28 at 100.00 | A- | 1,281,024 | ||
160 | 4.250%, 2/15/38 | 2/28 at 100.00 | A- | 185,776 | ||
500 | Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth Obligated Group, Series 2021A, 4.000%, 6/15/37 (WI/DD, Settling 9/9/21) | 6/31 at 100.00 | BBB- | 585,975 | ||
240 | Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth Obligated Group, Series 2022A, Forward Delivery, 4.000%, 6/15/35 (WI/DD, Settling 3/17/22) | 6/32 at 100.00 | BBB- | 276,934 | ||
Glencoe, Minnesota, Health Care Facilities Revenue Bonds, Glencoe Regional Health Services Project, Series 2013: | ||||||
660 | 4.000%, 4/01/25 | 4/22 at 100.00 | BBB | 671,708 | ||
400 | 4.000%, 4/01/26 | 4/22 at 100.00 | BBB | 406,828 | ||
2,000 | Maple Grove, Minnesota, Health Care Facilities Revenue Refunding Bonds, North Memorial Health Care, Series 2015, 5.000%, 9/01/28 | 9/25 at 100.00 | Baa1 | 2,317,100 | ||
Maple Grove, Minnesota, Health Care Facility Revenue Bonds, North Memorial Health Care, Series 2017: | ||||||
495 | 5.000%, 5/01/31 | 5/27 at 100.00 | Baa1 | 596,500 | ||
405 | 5.000%, 5/01/32 | 5/27 at 100.00 | Baa1 | 486,822 | ||
Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2015A: | ||||||
1,190 | 5.000%, 11/15/28 | 11/25 at 100.00 | A+ | 1,395,739 | ||
1,100 | 5.000%, 11/15/29 | 11/25 at 100.00 | A+ | 1,288,683 | ||
1,000 | 5.000%, 11/15/30 | 11/25 at 100.00 | A+ | 1,170,180 | ||
2,000 | 5.000%, 11/15/32 | 11/25 at 100.00 | A+ | 2,334,940 |
5
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2018A: | ||||||
$3,390 | 5.000%, 11/15/35 | 11/28 at 100.00 | A+ | $4,260,959 | ||
2,100 | 5.000%, 11/15/36 | 11/28 at 100.00 | A+ | 2,634,555 | ||
500 | Minneapolis-Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care System Revenue Bonds, Allina Health System, Refunding Series 2017A, 5.000%, 11/15/29 | 5/27 at 100.00 | AA- | 617,050 | ||
Minneapolis-Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care System Revenue Bonds, Allina Health System, Refunding Series 2019: | ||||||
300 | 5.000%, 11/15/22 | No Opt. Call | AA- | 317,529 | ||
275 | 5.000%, 11/15/24 | No Opt. Call | AA- | 316,302 | ||
225 | 5.000%, 11/15/25 | No Opt. Call | AA- | 267,806 | ||
645 | 5.000%, 11/15/26 | No Opt. Call | AA- | 791,002 | ||
1,030 | 5.000%, 11/15/27 | No Opt. Call | AA- | 1,297,378 | ||
Northern Itasca Hospital District, Minnesota, Health Facilities Gross Revenue Bonds, Refunding Series 2013A: | ||||||
275 | 4.000%, 12/01/25 | 9/21 at 100.00 | N/R | 272,630 | ||
250 | 4.050%, 12/01/26 | 9/21 at 100.00 | N/R | 245,095 | ||
250 | 4.150%, 12/01/27 | 9/21 at 100.00 | N/R | 243,158 | ||
750 | Northern Itasca Hospital District, Minnesota, Health Facilities Gross Revenue Bonds, Series 2013C, 5.400%, 12/01/33 | 9/21 at 100.00 | N/R | 750,157 | ||
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Refunding Series 2016B: | ||||||
2,560 | 5.000%, 11/15/29 | No Opt. Call | AA | 3,389,747 | ||
1,000 | 5.000%, 11/15/33 | No Opt. Call | AA | 1,438,620 | ||
1,785 | 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 | 1,800,654 | ||
945 | Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Refunding Series 2014B, 5.000%, 5/01/24 | No Opt. Call | AA- | 1,061,604 | ||
1,895 | Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Series 2016A, 5.000%, 5/01/27 | 5/26 at 100.00 | AA- | 2,273,924 | ||
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Facility Revenue Bonds, HealthPartners Obligated Group, Refunding Series 2015A: | ||||||
3,720 | 5.000%, 7/01/28 | 7/25 at 100.00 | A | 4,365,978 | ||
1,550 | 5.000%, 7/01/30 | 7/25 at 100.00 | A | 1,816,569 | ||
4,500 | 5.000%, 7/01/32 | 7/25 at 100.00 | A | 5,266,440 | ||
1,155 | 4.000%, 7/01/35 | 7/25 at 100.00 | A | 1,276,367 |
6
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds, Fairview Health Services, Series 2017A: | ||||||
$1,000 | 5.000%, 11/15/28 | 11/27 at 100.00 | A+ | $1,242,570 | ||
1,000 | 5.000%, 11/15/34 | 11/27 at 100.00 | A+ | 1,227,770 | ||
1,745 | 4.000%, 11/15/35 | 11/27 at 100.00 | A+ | 2,019,506 | ||
625 | 4.000%, 11/15/36 | 11/27 at 100.00 | A+ | 722,100 | ||
1,305 | 4.000%, 11/15/37 | 11/27 at 100.00 | A+ | 1,504,365 | ||
Shakopee, Minnesota, Health Care Facilities Revenue Bonds, Saint Francis Regional Medical Center, Refunding Series 2014: | ||||||
1,200 | 5.000%, 9/01/27 | 9/24 at 100.00 | A | 1,333,512 | ||
1,140 | 5.000%, 9/01/29 | 9/24 at 100.00 | A | 1,255,072 | ||
Winona, Minnesota, Health Care Facilities Revenue Bonds, Winona Health Obligated Group, Refunding Series 2012: | ||||||
485 | 4.500%, 7/01/24 | 10/21 at 100.00 | BBB | 486,324 | ||
260 | 5.000%, 7/01/34 | 10/21 at 100.00 | BBB | 260,595 | ||
55,755 | Total Health Care | 65,000,104 | ||||
Housing/Multifamily – 0.1% | ||||||
500 | Anoka Housing and Redevelopment Authority, Minnesota, Multifamily Housing Revenue Bonds, Woodland Park Apartments Project, Series 2011A, 5.000%, 4/01/27 | 9/21 at 100.00 | Aaa | 501,550 | ||
Housing/Single Family – 0.6% | ||||||
230 | Dakota County Community Development Agency, Minnesota, Single Family Mortgage Revenue Bonds, Mortgage Backed Securities Program, Series 2011A, 4.400%, 12/01/26 | 9/21 at 100.00 | AA+ | 230,209 | ||
160 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2012A, 3.750%, 7/01/22 (AMT) | 1/22 at 100.00 | AA+ | 161,565 | ||
55 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2012C, 3.750%, 1/01/22 (AMT) | No Opt. Call | AA+ | 55,548 | ||
145 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2014C, 3.100%, 7/01/26 | 7/24 at 100.00 | AA+ | 146,657 | ||
15 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2015F, 3.300%, 7/01/29 | 7/25 at 100.00 | AA+ | 15,607 | ||
55 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2017A, 3.200%, 7/01/30 (AMT) | 1/27 at 100.00 | AA+ | 55,429 | ||
95 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2017D, 3.300%, 1/01/30 (AMT) | 1/27 at 100.00 | AA+ | 101,268 | ||
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020A: | ||||||
445 | 1.300%, 7/01/22 (AMT) | No Opt. Call | AA+ | 447,955 | ||
320 | 1.350%, 7/01/23 (AMT) | No Opt. Call | AA+ | 324,202 | ||
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020E: | ||||||
770 | 1.850%, 1/01/29 | No Opt. Call | AA+ | 805,243 | ||
460 | 1.900%, 7/01/29 | No Opt. Call | AA+ | 479,016 | ||
2,750 | Total Housing/Single Family | 2,822,699 |
7
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Industrials – 0.2% | ||||||
$1,000 | Minneapolis, Minnesota, Limited Tax Supported Development Revenue Bonds, Common Bond Fund Series 2013-1, 4.000%, 6/01/28 | 12/21 at 100.00 | A+ | $1,008,830 | ||
Long-Term Care – 9.4% | ||||||
250 | Anoka, Minnesota, Housing Revenue Bonds, The Homestead at Anoka, Inc Project, Refunding Series 2017, 5.000%, 11/01/46 | 11/24 at 103.00 | N/R | 269,893 | ||
1,000 | Apple Valley, Minnesota, Senior Housing Revenue Bonds, PHS Apple Valley Senior Housing, Inc, Orchard Path Project, Refunding Series 2018, 4.250%, 9/01/38 | 9/23 at 102.00 | N/R | 1,044,690 | ||
1,000 | Center City, Minnesota, Health Care Facilities Revenue Bonds, Hazelden Betty Ford Foundation Project, Series 2014, 5.000%, 11/01/25 | 11/24 at 100.00 | Baa1 | 1,134,210 | ||
Chatfield, Minnesota, Healthcare and Housing Facilities Revenue Bonds, Chosen Valley Care Center Project, Refunding Series 2019: | ||||||
100 | 4.000%, 9/01/29 | 9/26 at 102.00 | N/R | 106,960 | ||
100 | 4.000%, 9/01/30 | 9/26 at 102.00 | N/R | 105,945 | ||
100 | 4.000%, 9/01/31 | 9/26 at 102.00 | N/R | 104,787 | ||
100 | 4.000%, 9/01/32 | 9/26 at 102.00 | N/R | 103,771 | ||
155 | 4.000%, 9/01/33 | 9/26 at 102.00 | N/R | 160,064 | ||
100 | 4.000%, 9/01/34 | 9/26 at 102.00 | N/R | 102,766 | ||
815 | Chisago City, Minnesota, Housing and Health Care Revenue Bonds, CDL Homes, LLC Project, Series 2013B, 6.000%, 8/01/33 | 8/23 at 100.00 | N/R | 861,683 | ||
1,110 | City of Minneapolis, Minnesota, Senior Housing and Healthcare Facilities Revenue Bonds, Walker Minneapolis Campus Project, Series 2015, 4.625%, 11/15/31 | 11/22 at 100.00 | N/R | 1,115,539 | ||
325 | City of Vergas, Minnesota, Housing and Health Care Revenue Bonds, CDL Homes, LLC Project, Refunding Series 2016, 4.000%, 8/01/31 | 8/24 at 100.00 | N/R | 335,004 | ||
235 | Cold Spring, Minnesota, Health Care Facilities Revenue Bonds, Assumption Home, Inc, Refunding Series 2017, 4.450%, 3/01/31 | 3/22 at 101.00 | N/R | 237,919 | ||
200 | Cold Spring, Minnesota, Health Care Facilities Revenue Bonds, Assumption Home, Inc, Refunding Series 2018, 4.500%, 9/01/33 | 9/23 at 100.00 | N/R | 204,214 | ||
Columbus, Minnesota, Senior Housing Revenue Bonds, Richfield Senior Housing, Inc, Refunding Series 2015: | ||||||
1,000 | 4.600%, 1/01/27 | 1/23 at 100.00 | N/R | 1,002,750 | ||
500 | 5.000%, 1/01/34 | 1/23 at 100.00 | N/R | 500,665 | ||
Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, Walker Highview Hills LLC Project, Refunding Series 2016A: | ||||||
2,385 | 3.875%, 8/01/29, 144A | 8/22 at 100.00 | N/R | 2,427,429 | ||
1,100 | 5.000%, 8/01/36, 144A | 8/22 at 100.00 | N/R | 1,126,983 | ||
500 | Dennison, Minnesota, Senior Housing Revenue Bonds, Villages of Lonsdale, LLC Project, Series 2019, 4.200%, 5/01/35 | 5/24 at 101.00 | N/R | 510,535 | ||
1,435 | Lake Crystal, Minnesota, Housing and Health Care Revenue Bonds, Ecumen, Second Century & Owatonna Senior Living Project, Refunding Series 2014A, 4.500%, 9/01/44 (Mandatory Put 9/01/24) | 10/21 at 100.00 | N/R | 1,436,736 | ||
200 | Maple Plain, Minnesota Senior Housing and Healthcare Revenue Bonds, Haven Homes, Inc Project, Series 2019, 4.000%, 7/01/32 | 7/25 at 102.00 | N/R | 208,440 |
8
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care (continued) | ||||||
$100 | Mapleton, Minnesota, Healthcare Facility Revenue Bonds, Mapleton Community Home, Refunding Series 2019, 3.750%, 5/01/34 | 5/24 at 101.00 | N/R | $97,143 | ||
Minneapolis, Minnesota, Revenue Bonds, Walker Minneapolis Campus Project, Refunding Series 2012: | ||||||
1,400 | 5.000%, 11/15/24 | 11/22 at 100.00 | N/R | 1,426,768 | ||
1,650 | 4.750%, 11/15/28 | 11/22 at 100.00 | N/R | 1,666,038 | ||
Minneapolis, Minnesota, Senior Housing and Healthcare Revenue Bonds, Ecumen, Abiitan Mill City Project, Series 2015: | ||||||
425 | 4.750%, 11/01/28 | 5/23 at 100.00 | N/R | 432,459 | ||
750 | 5.250%, 11/01/45 | 5/23 at 100.00 | N/R | 762,000 | ||
Morris, Minnesota, Health Care Facilities Revenue Bonds, Farmington Health Services Project, Refunding Series 2019: | ||||||
190 | 2.900%, 8/01/23 | No Opt. Call | N/R | 189,470 | ||
100 | 3.100%, 8/01/25 | 8/24 at 101.00 | N/R | 99,925 | ||
380 | North Oaks, Minnesota, Senior Housing Revenue Bonds, Waverly Gardens Project, Refunding Series 2016, 4.000%, 10/01/24 | No Opt. Call | N/R | 417,901 | ||
Rochester, Minnesota, Health Care and Housing Revenue Bonds, Samaritan Bethany, Inc Project, Refunding Series 2017A: | ||||||
775 | 3.875%, 8/01/26 | 8/25 at 100.00 | N/R | 818,632 | ||
805 | 4.000%, 8/01/27 | 8/25 at 100.00 | N/R | 852,205 | ||
2,000 | 4.000%, 8/01/30 | 8/25 at 100.00 | N/R | 2,102,760 | ||
405 | Saint Joseph, Minnesota, Senior Housing and Healthcare Revenue Bonds, Woodcrest of Country Manor Project, Series 2019 A, 4.000%, 7/01/33 | 7/24 at 102.00 | N/R | 401,963 | ||
1,000 | Saint Louis Park, Minnesota, Health Care Facilities Revenue Bonds, Mount Olivet Careview Home Project, Series 2016B, 4.350%, 6/01/36 | 6/26 at 100.00 | N/R | 1,014,070 | ||
2,760 | Saint Paul Housing and Redevelopment Authority Minnesota, Senior Housing and Health Care Revenue Bonds, Episcopal Homes Project, Series 2013, 5.000%, 5/01/33 | 5/23 at 100.00 | N/R | 2,799,827 | ||
Saint Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds, Amherst H Wilder Foundation Project, Refunding Series 2020A: | ||||||
500 | 5.000%, 12/01/25 | No Opt. Call | Baa2 | 580,460 | ||
1,015 | 5.000%, 12/01/26 | No Opt. Call | Baa2 | 1,205,434 | ||
410 | Saint Paul Housing and Redevelopment Authority, Minnesota, Senior Housing and Health Care Revenue Bonds, Episcopal Homes Project, Refunding Series 2012A, 4.000%, 11/01/22 | 10/21 at 100.00 | N/R | 410,422 | ||
Saint Paul Park, Minnesota, Health Facilities Revenue Bonds, Presbyterian Homes Interlude Transitional Care Projects, Refunding Series 2018: | ||||||
510 | 4.200%, 5/01/33 | 5/23 at 102.00 | N/R | 538,300 | ||
1,940 | 4.750%, 5/01/38 | 5/23 at 102.00 | N/R | 2,061,716 |
9
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care (continued) | ||||||
Saint Paul Park, Minnesota, Senior Housing and Health Care Revenue Bonds, Presbyterian Homes Bloomington Project, Refunding Series 2017: | ||||||
$500 | 3.250%, 9/01/26 | 9/24 at 100.00 | N/R | $524,645 | ||
550 | 3.700%, 9/01/28 | 9/24 at 100.00 | N/R | 580,354 | ||
350 | 3.800%, 9/01/29 | 9/24 at 100.00 | N/R | 369,390 | ||
565 | 3.900%, 9/01/30 | 9/24 at 100.00 | N/R | 596,244 | ||
320 | 4.125%, 9/01/34 | 9/24 at 100.00 | N/R | 337,770 | ||
1,020 | Sartell, Minnesota, Health Care and Housing Facilities Revenue Bonds, Country Manor Campus LLC Project, Series 2012A, 5.250%, 9/01/27 | 9/22 at 100.00 | N/R | 1,041,471 | ||
1,590 | Sartell, Minnesota, Health Care Facilities Revenue Bonds, Country Manor Campus LLC Project, Refunding Series 2017, 5.000%, 9/01/27 | No Opt. Call | N/R | 1,755,090 | ||
2,395 | Sauk Rapids, Minnesota, Health Care and Housing Facilities Revenue Bonds, Good Shepherd Luthran Home, Refunding Series 2013, 5.125%, 1/01/39 | 1/23 at 100.00 | N/R | 2,419,525 | ||
Scanlon, Minnesota, Health Care Facilities Revenue Bonds, Duluth Health Services Project, Refunding Series 2020: | ||||||
100 | 2.450%, 3/01/23 | No Opt. Call | N/R | 99,693 | ||
120 | 2.700%, 3/01/26 | 3/25 at 101.00 | N/R | 118,994 | ||
335 | 2.950%, 3/01/28 | 3/25 at 101.00 | N/R | 329,928 | ||
Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, Refunding Series 2019: | ||||||
175 | 3.000%, 8/01/27 | 8/24 at 102.00 | N/R | 183,587 | ||
300 | 3.125%, 8/01/28 | 8/24 at 102.00 | N/R | 314,988 | ||
300 | 3.250%, 8/01/29 | 8/24 at 102.00 | N/R | 315,342 | ||
225 | 3.375%, 8/01/30 | 8/24 at 102.00 | N/R | 236,574 | ||
600 | 5.000%, 8/01/31 | 8/24 at 102.00 | N/R | 656,616 | ||
450 | 5.000%, 8/01/32 | 8/24 at 102.00 | N/R | 491,791 | ||
250 | 5.000%, 8/01/33 | 8/24 at 102.00 | N/R | 272,995 | ||
555 | 5.000%, 8/01/34 | 8/24 at 102.00 | N/R | 605,555 | ||
250 | 5.000%, 8/01/35 | 8/24 at 102.00 | N/R | 272,548 | ||
500 | 4.000%, 8/01/44 | 8/24 at 102.00 | N/R | 526,175 | ||
41,275 | Total Long-Term Care | 43,027,751 | ||||
Tax Obligation/General – 34.4% | ||||||
2,000 | Alexandria Independent School District 206, Douglas County, Minnesota, General Obligation Bonds, Refunding School Building Series 2017A, 5.000%, 2/01/30 | 2/28 at 100.00 | Aa2 | 2,500,640 | ||
1,335 | Annandale Independent School District 876, Wright and Stearns Counties, Minnesota, General Obligation Bonds, Refunding School Building Series 2020A, 4.000%, 2/01/27 | No Opt. Call | Aa2 | 1,567,557 | ||
1,475 | Anoka-Hennepin Independent School District 11, Coon Rapids, Minnesota, General Obligation Bonds, School Building Series 2020A, 3.000%, 2/01/34 | 2/28 at 100.00 | AAA | 1,629,860 | ||
1,165 | Barnesville Independent School District 146 Public Schools, Clay, Otter Tail and Wilkin Counties, Minnesota, General Obligation Bonds, School Building Series 2019A, 4.000%, 2/01/31 | 2/28 at 100.00 | Aa2 | 1,358,413 |
10
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$685 | Becker, Minnesota, General Obligation Bonds, Street Reconstruction, Series 2021A, 4.000%, 2/01/27 | No Opt. Call | A1 | $804,327 | ||
Belgrade Brooten Elrosa Public Schools Independent School District 2364, Minnesota, General Obligation Bonds, School Building Series 2020A: | ||||||
400 | 3.000%, 2/01/28 | 2/26 at 100.00 | Aa2 | 438,840 | ||
280 | 3.000%, 2/01/29 | 2/26 at 100.00 | Aa2 | 305,575 | ||
1,405 | Benson Independent School District 777, Minnesota, General Olibation Bonds, School Building Series 2018A, 4.000%, 2/01/32 | 2/27 at 100.00 | AAA | 1,610,720 | ||
1,385 | Bloomington Independent School District 271, Hennepin County, Minnesota, General Obligation Bonds, Facilities Maintenance, Series 2020A, 2.000%, 2/01/27 | No Opt. Call | AAA | 1,480,191 | ||
320 | Blue Earth Area Schools Independent School District 2860, Minnesota, General Obligation Bonds, Refunding Series 2019A, 4.000%, 2/01/26 | No Opt. Call | Aa2 | 366,842 | ||
1,565 | Brainerd Independent School District 181, Crow Wing County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018C, 5.000%, 2/01/27 | 2/26 at 100.00 | AAA | 1,872,663 | ||
Brainerd Independent School District 181, Crow Wing County, Minnesota, General Obligation Bonds, School Building Series 2018A: | ||||||
3,280 | 4.000%, 2/01/30 | 2/27 at 100.00 | AAA | 3,805,620 | ||
1,000 | 4.000%, 2/01/33 | 2/27 at 100.00 | AAA | 1,149,560 | ||
Brooklyn Center Independent School District 286, Minnesota, General Obligation Bonds, Series 2018A: | ||||||
2,145 | 4.000%, 2/01/35 | 2/27 at 100.00 | Aa2 | 2,455,768 | ||
1,720 | 4.000%, 2/01/37 | 2/27 at 100.00 | Aa2 | 1,960,250 | ||
2,000 | Buffalo, Minnesota, Water and Sewer Revenue Bonds, Refunding Series 2014A, 4.000%, 11/01/28 – BAM Insured | 11/23 at 100.00 | AA | 2,147,440 | ||
420 | Burnsville, Dakota County, Minnesota, General Obligation Bonds, Refunding Utility Improvement Series 2019A, 5.000%, 12/20/27 | No Opt. Call | AAA | 532,438 | ||
365 | Centennial Independent School District 12, Circle Pines, Anoka County, Minnesota, General Obligation Bonds, School Building Bonds, Series 2019A, 5.000%, 2/01/23 | No Opt. Call | AAA | 389,813 | ||
Chaska, Minnesota, General Obligation Bonds, Series 2020C: | ||||||
235 | 5.000%, 2/01/28 | No Opt. Call | AA | 296,774 | ||
250 | 5.000%, 2/01/29 | No Opt. Call | AA | 322,623 | ||
1,000 | Cloquet Independent School District 94, Carlton and Sant Louis Counties, Minnesota, General Obligation Bonds, School Building Series 2015B, 4.000%, 2/01/36 | 2/25 at 100.00 | Aa2 | 1,099,440 | ||
225 | Columbia Heights Independent School District 13, Minnesota, General Obligation Bonds, School Building Series 2019B, 0.000%, 2/01/27 | No Opt. Call | Aa2 | 213,818 | ||
1,055 | Dawson-Boyd Independent School District 378, Yellow Medicine County, Minnesota, General Obligation Bonds, School Building Series 2019A, 4.000%, 2/01/30 | 2/28 at 100.00 | AAA | 1,247,147 | ||
1,250 | Detroit Lakes Independent School District 22, Becker and Otter Tail Counties, Minnesota, General Obligation Bonds, School Building Series 2019A, 4.000%, 2/01/30 | 2/27 at 100.00 | AAA | 1,443,175 | ||
Dilworth-Glyndon-Felton Independent School District 2164, Clay County, Minnesota, General Obligation Bonds, School Building Series 2020A: | ||||||
685 | 4.000%, 2/01/28 | 2/26 at 100.00 | AAA | 783,756 | ||
970 | 4.000%, 2/01/30 | 2/26 at 100.00 | AAA | 1,104,093 |
11
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$1,270 | Duluth Independent School District 709, Saint Louis County, Minnesota, General Obligation Bonds, Capital Appreciation Series 2021C, 0.000%, 2/01/30 | 2/28 at 96.61 | Aa2 | $1,096,315 | ||
3,150 | Elk River Independent School District 728, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2019A, 4.000%, 2/01/31 | 2/27 at 100.00 | Aa2 | 3,637,053 | ||
1,530 | Eveleth-Gilbert Public Schools Independent School District 2154, Saint Louis County, Minnesota, General Obligation Bonds, Series 2019A, 4.000%, 2/01/32 | 2/28 at 100.00 | AAA | 1,793,848 | ||
Fridley Independent School District 14, Anoka County, Minnesota, General Obligation Bonds, Alternative Facility, Series 2016B: | ||||||
2,620 | 5.000%, 2/01/27 | 2/26 at 100.00 | Aa2 | 3,151,624 | ||
1,075 | 4.000%, 2/01/28 | 2/26 at 100.00 | Aa2 | 1,229,983 | ||
665 | Goodhue County, Minnesota, General Obligation Bonds, Capital Improvement Plan, Series 2015A, 3.000%, 2/01/27 | 2/23 at 100.00 | Aa2 | 688,355 | ||
1,485 | Goodhue Independent School District 253, Minnesota, General Obligation Bonds, School Building Series 2019A, 4.000%, 2/01/30 | 2/28 at 100.00 | AAA | 1,755,463 | ||
Greenway Independent School District 316, Itasca County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2019F: | ||||||
1,265 | 0.000%, 2/01/27 | 2/26 at 97.95 | AAA | 1,193,983 | ||
1,345 | 0.000%, 2/01/28 | 2/26 at 95.70 | AAA | 1,233,782 | ||
460 | Greenway Independent School District 316, Itasca County, Minnesota, General Obligation Bonds, Refunding Alternate Facilities Series 2019D, 5.000%, 2/01/26 | No Opt. Call | AAA | 550,657 | ||
300 | Hennepin County, Minnesota, General Obligation Bonds, Series 2017C, 5.000%, 12/01/24 | No Opt. Call | AAA | 346,581 | ||
1,040 | Hennepin County, Minnesota, General ObligationBons, Sales Tax Series 2020C, 5.000%, 12/15/31 | 12/29 at 100.00 | AAA | 1,376,502 | ||
630 | Hopkins, Hennepin County, Minnesota, General Obligation Bonds, Series 2020A, 4.000%, 2/01/29 | No Opt. Call | AA+ | 772,538 | ||
500 | Independent School District 621, Mounds View, Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/42 | 2/27 at 100.00 | AAA | 566,490 | ||
330 | Jackson County Central Independent School District 2895, Minnesota, General Obligation Bonds, School Building Series 2020A, 4.000%, 2/01/27 | No Opt. Call | AAA | 389,605 | ||
La Crescent, Minnesota, General Obligation Bonds, Series 2019B: | ||||||
130 | 4.000%, 2/01/22 | No Opt. Call | A1 | 132,051 | ||
100 | 4.000%, 2/01/23 | No Opt. Call | A1 | 105,299 | ||
1,225 | Lake City Independent School District 813, Goodhue and Wabasha Counties, Minnesota, General Obligation Bonds, Refunding Series 2019A, 5.000%, 2/01/26 | No Opt. Call | AAA | 1,468,199 | ||
Lake Crystal, Minnesota, General Obligation Bonds, Series 2019A: | ||||||
130 | 3.000%, 12/15/23 | No Opt. Call | AA | 137,652 | ||
265 | 3.000%, 12/15/24 | No Opt. Call | AA | 286,521 | ||
355 | Lakeview Independent School District 2167, Lyon and Yellow Counties, Minnesota, General Obligation Bonds, Lakeview Public Schools Building Series 2021A, 4.000%, 2/01/29 | No Opt. Call | AAA | 433,892 |
12
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Lester Prairie Independent School District 424, McLeaod County, Minnesota, General Obligation Bonds, School Building Series 2019A: | ||||||
$415 | 5.000%, 2/01/29 | No Opt. Call | Aa2 | $538,653 | ||
625 | 4.000%, 2/01/30 | 2/29 at 100.00 | Aa2 | 758,381 | ||
Mankato Independent School District 77, Nicollet and Le Sueur Counties, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2020A: | ||||||
505 | 4.000%, 2/01/30 | 2/29 at 100.00 | Aa2 | 612,772 | ||
595 | 4.000%, 2/01/31 | 2/29 at 100.00 | Aa2 | 717,802 | ||
500 | 4.000%, 2/01/33 | 2/29 at 100.00 | Aa2 | 599,295 | ||
550 | 4.000%, 2/01/34 | 2/29 at 100.00 | Aa2 | 657,239 | ||
1,390 | Maple River Independent School District 2135, Minnesota, General Obligation Bonds, School Building Series 2020A, 5.000%, 2/01/29 | No Opt. Call | AAA | 1,807,653 | ||
500 | Marshall Independent School District 413, Lyon County, Minnesota, General Obligation Bonds, School Building Series 2019B, 4.000%, 2/01/30 | 2/28 at 100.00 | Aa2 | 589,030 | ||
1,690 | Metropolitan Council Minneapolis- Saint Paul Metropolitan Area, Minnesota, General Obligation Bonds, Refunding Transit Series 2020D, 5.000%, 3/01/27 | No Opt. Call | AAA | 2,102,428 | ||
2,595 | Minneapolis Special School District 1, Hennepin County, Minnesota, General Obligation Bonds, Long-Term Facilities Maintenance Series 2017B, 4.000%, 2/01/32 | 2/28 at 100.00 | AAA | 3,068,873 | ||
1,980 | Minneapolis Special School District 1, Hennepin County, Minnesota, General Obligation Bonds, Long-Term Facilities Maintenance Series 2019B, 4.000%, 2/01/34 | 2/29 at 100.00 | AAA | 2,373,822 | ||
Minneapolis Special School District 1, Hennepin County, Minnesota, General Obligation Bonds, School Building Series 2020B: | ||||||
2,460 | 5.000%, 2/01/28 | No Opt. Call | AAA | 3,122,527 | ||
1,490 | 4.000%, 2/01/32 | 2/30 at 100.00 | AAA | 1,837,885 | ||
800 | Minneapolis, Minnesota, General Obligation Bonds, Improvement & Various Purpose Series 2017, 3.000%, 12/01/27 | 12/24 at 100.00 | AAA | 864,096 | ||
Minneapolis, Minnesota, General Obligation Bonds, Improvement & Various Purpose Series 2018: | ||||||
1,480 | 4.000%, 12/01/33 | 12/26 at 100.00 | AAA | 1,720,263 | ||
500 | 4.000%, 12/01/35 | 12/26 at 100.00 | AAA | 579,285 | ||
1,000 | Minnesota State, General Obligation Bonds, State Trunk Highway Series 2014B, 4.000%, 8/01/26 | 8/24 at 100.00 | AAA | 1,107,550 | ||
1,000 | Minnesota State, General Obligation Bonds, State Trunk Highway Series 2018B, 4.000%, 8/01/31 | 8/28 at 100.00 | AAA | 1,203,230 | ||
1,000 | Minnesota State, General Obligation Bonds, Various Purpose Refunding Series 2013F, 4.000%, 10/01/25 | 10/23 at 100.00 | AAA | 1,078,570 | ||
2,000 | Minnesota State, General Obligation Bonds, Various Purpose Series 2013A, 5.000%, 8/01/25 | 8/23 at 100.00 | AAA | 2,184,080 | ||
2,000 | Minnesota State, General Obligation Bonds, Various Purpose Series 2013D, 3.500%, 10/01/28 | 10/23 at 100.00 | AAA | 2,130,140 | ||
Minnesota State, General Obligation Bonds, Various Purpose Series 2018A: | ||||||
1,265 | 5.000%, 8/01/29 | 8/28 at 100.00 | AAA | 1,629,383 | ||
1,500 | 5.000%, 8/01/34 | 8/28 at 100.00 | AAA | 1,919,205 |
13
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Minnetonka Independent School District 276, Hennepin County, Minnesota, General Obligation Bonds, Refunding Series 2013H: | ||||||
$525 | 4.000%, 2/01/25 | 2/23 at 100.00 | Aaa | $552,626 | ||
600 | 4.000%, 2/01/26 | 2/23 at 100.00 | Aaa | 630,666 | ||
500 | Montgomery Independent School District 2905, Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/34 | 2/25 at 100.00 | Aa2 | 562,080 | ||
1,475 | Moose Lake Independent School District 97, Carlton and Pine Counties, Minnesota, General Obligation Bonds, School Buidling Series 2015A, 4.000%, 2/01/30 | 2/25 at 100.00 | Aa2 | 1,638,607 | ||
1,000 | Mora Independent School District 332, Kanabec County, Minnesota, General Obligation Bonds, School Building Series 2020A, 3.000%, 2/01/29 | 2/28 at 100.00 | AAA | 1,119,640 | ||
2,050 | North Branch Independent School District 138, Chisago County, Minnesota, General Obligation Bonds, School Building Series 2017A, 4.000%, 2/01/30 | 2/27 at 100.00 | AAA | 2,366,807 | ||
850 | North Saint Paul-Maplewood-Oakdale Independent School District 622, Ramsey County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018A, 3.375%, 2/01/35 | 2/27 at 100.00 | Aa2 | 941,639 | ||
1,375 | North Saint Paul-Maplewood-Oakdale Independent School District 622, Ramsey County, Minnesota, General Obligation Bonds, School Building Series 2019A, 5.000%, 2/01/31 | 2/28 at 100.00 | Aa2 | 1,716,426 | ||
Northland Independent School District 118, Minnesota, General Obligation Bonds, Series 2016A: | ||||||
560 | 3.000%, 2/01/27 | 2/24 at 100.00 | Aa2 | 593,494 | ||
1,185 | 3.000%, 2/01/29 | 2/24 at 100.00 | Aa2 | 1,250,258 | ||
1,500 | Osseo Independent School District 279 Hennepin County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018B, 4.000%, 2/01/34 | 2/27 at 100.00 | Aa1 | 1,724,670 | ||
1,035 | Perham Dent Independent School District 549, Minnesota, General Obligation Bonds, School Building Series 2016A, 3.000%, 2/01/30 | 2/24 at 100.00 | Aa2 | 1,089,182 | ||
Pillager Independent School District 116, Cass and Morrison Counties, Minnesota, General Obligation Bonds, Refunding School Building Series 2020A: | ||||||
945 | 4.000%, 2/01/26 | No Opt. Call | AAA | 1,087,780 | ||
990 | 4.000%, 2/01/27 | No Opt. Call | AAA | 1,163,032 | ||
1,030 | 4.000%, 2/01/28 | No Opt. Call | AAA | 1,233,610 | ||
1,145 | Pipestone-Jasper Independent School District 2689, Minnesota, General Obligation Bonds, Series 2019A, 5.000%, 2/01/28 | No Opt. Call | AAA | 1,453,371 | ||
880 | Plainview-Elgin-Millville Independent School District 2899, Minnesota, General Obligation Bonds, School Building Series 2019A, 4.000%, 2/01/32 | 2/28 at 100.00 | AAA | 1,031,756 | ||
Red Lake Falls Independent School District 630, Minnesota, General Obligation Bonds, School Building Series 2020A: | ||||||
385 | 5.000%, 2/01/26 | No Opt. Call | Aa2 | 459,386 | ||
400 | 3.000%, 2/01/27 | 2/26 at 100.00 | Aa2 | 440,944 | ||
410 | 3.000%, 2/01/28 | 2/26 at 100.00 | Aa2 | 450,373 | ||
425 | 3.000%, 2/01/29 | 2/26 at 100.00 | Aa2 | 464,980 | ||
285 | Rice Lake, Minnesota, General Obligation Bonds, Refunding Series 2021A, 4.000%, 2/01/27 | No Opt. Call | A1 | 334,316 |
14
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$1,250 | Robbinsdale Independent School District 281, Hennepin County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018A, 3.000%, 2/01/30 | 8/26 at 100.00 | Aa2 | $1,369,225 | ||
1,210 | Roseau Independent School District 682, Roseau and Marshall Counties, Minnesota, General Obligation Bonds, School Building Series 2020A, 3.000%, 2/01/29 | 2/28 at 100.00 | Aa2 | 1,357,959 | ||
2,400 | Roseville Independent School District 623, Ramsey County, Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/35 | 2/27 at 100.00 | Aa2 | 2,727,480 | ||
2,500 | Roseville Independent School District 623, Ramsey County, Minnesota, General Obligation Bonds, Series 1994, 4.000%, 2/01/37 | 2/27 at 100.00 | Aa2 | 2,828,225 | ||
1,270 | Russell-Tyler-Ruthton Public Schools Independent School District 2902, Minnesota, General Obligation Bonds, Series 2019A, 5.000%, 2/01/28 | No Opt. Call | AAA | 1,612,036 | ||
1,100 | Saint Cloud Independent School District 742, Stearns County, Minnesota, General Obligation Bonds, Series 2015A, 4.000%, 2/01/30 | 2/25 at 100.00 | Aa2 | 1,222,012 | ||
575 | Saint Francis Independent School District 15, Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/34 | 2/23 at 100.00 | Aa2 | 600,490 | ||
355 | Saint Joseph, Minnesota, General Obligation Bonds, Series 2021A, 4.000%, 12/15/28 (WI/DD, Settling 9/14/21) | No Opt. Call | AA- | 432,624 | ||
600 | Saint Louis County Independent School District 2142, Minnesota, General Obligation Bonds, Refunding School Building Series 2014A, 3.500%, 2/01/23 | 2/22 at 100.00 | AAA | 608,202 | ||
3,950 | Saint Louis Park Independent School District 283, Hennepin County, Minnesota, General Obligation Bonds, School Building Series 2018A, 5.000%, 2/01/30 | 2/27 at 100.00 | Aa2 | 4,818,921 | ||
1,225 | Saint Michael Independent School District 885, Wright County, Minnesota, General Obligation Bonds, School Building Series 2017A, 3.200%, 2/01/32 | 2/26 at 100.00 | Aa2 | 1,332,849 | ||
1,440 | Saint Paul, Minnesota, General Obligation Bonds, Refunding Street Reconstruction Series 2021C, 5.000%, 5/01/29 | No Opt. Call | AAA | 1,894,550 | ||
1,960 | Saint Paul, Minnesota, General Obligation Bonds, Refunding Various Purpose Series 2021A, 5.000%, 3/01/27 | No Opt. Call | AAA | 2,439,514 | ||
400 | Sauk Rapids Independent School District 047, Benton County, Minnesota, General Obligation Bonds, School Building Series 2020A, 4.000%, 2/01/29 | 2/28 at 100.00 | AAA | 477,240 | ||
Shakopee Independent School District 720, Scott County, Minnesota, General Obligation Bonds, Capital Facilities Series 2020A: | ||||||
200 | 4.000%, 2/01/28 | 2/27 at 100.00 | Aa2 | 232,932 | ||
225 | 4.000%, 2/01/30 | 2/27 at 100.00 | Aa2 | 259,130 | ||
1,240 | South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Alternate Facilities Series 2014A, 3.500%, 2/01/27 | 2/24 at 100.00 | Aa2 | 1,329,020 | ||
South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018A: | ||||||
300 | 5.000%, 2/01/28 | 2/27 at 100.00 | Aa2 | 368,793 | ||
1,330 | 4.000%, 2/01/31 | 2/27 at 100.00 | Aa2 | 1,536,403 | ||
2,000 | South Washington County Independent School District 833, Minnesota, General Obligation Bonds, School Building Series 2016A, 4.000%, 2/01/29 | 2/26 at 100.00 | Aa2 | 2,282,120 | ||
915 | Southland Independent School District 500, Minnesota, General Obligation Bonds, School Building Series 2019A, 4.000%, 2/01/31 | 2/27 at 100.00 | AAA | 1,051,792 | ||
1,475 | Spring Lake Independent School District 16, Anoka County, Minnesota, General Obligation Bonds, Refunding Series 2015A, 3.000%, 2/01/26 | 2/25 at 100.00 | Aa2 | 1,600,611 |
15
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$2,000 | Stillwater Independent School District 834, Washington County, Minnesota, General Obligation Bonds, School Building Series 2015A, 4.000%, 2/01/28 | 2/24 at 100.00 | Aa2 | $2,166,280 | ||
2,000 | Tracy, Lyon County, Minnesota, General Obligation Bonds, Temporary Series 2019A, 1.750%, 5/01/22 | 9/21 at 100.00 | AAA | 2,001,980 | ||
Virginia, Minnesota, General Obligation Bonds, Sales Tax Series 2020A: | ||||||
410 | 5.000%, 2/01/27 – AGM Insured | No Opt. Call | AA | 501,205 | ||
870 | 5.000%, 2/01/28 – AGM Insured | No Opt. Call | AA | 1,089,423 | ||
510 | 4.000%, 2/01/29 – AGM Insured | 2/28 at 100.00 | AA | 600,474 | ||
360 | 4.000%, 2/01/30 – AGM Insured | 2/28 at 100.00 | AA | 420,700 | ||
2,415 | Watertown-Mayer Independent School District 111, Carver, Hennepin and Wright Counties, Minnesota, General Obligation Bonds, School Building Series 2020A, 0.000%, 2/01/31 | 2/28 at 94.63 | AAA | 2,072,529 | ||
2,000 | White Bear Lake Independent School District 624, Ramsey County, Minnesota, General Obligation Bonds, School Building Series 2020A, 4.000%, 2/01/29 | 2/28 at 100.00 | AAA | 2,397,240 | ||
1,025 | Windom Independent School District, Cottonwood and Jackson Counties, Minnesota, General Obligation Bonds, Refunding School Building Series 2015A, 3.000%, 2/01/23 | No Opt. Call | AAA | 1,065,600 | ||
1,250 | Worthington Independent School District 518, Nobles County, Minnesota, General Obligation Bonds, School Building Series 2020A, 4.000%, 2/01/27 | 2/26 at 100.00 | AAA | 1,439,337 | ||
590 | Worthington, Minnesota, General Obligation Bonds, Series 2019A, 3.000%, 2/01/27 | No Opt. Call | AA- | 662,505 | ||
137,225 | Total Tax Obligation/General | 157,540,942 | ||||
Tax Obligation/Limited – 8.0% | ||||||
200 | Alexandria Independent School District 206, Douglas County, Minnesota, General Obligation Bonds, Series 2021A, 3.000%, 2/01/31 (WI/DD, Settling 9/15/21) | 2/29 at 100.00 | A2 | 222,442 | ||
695 | Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Full Term Series 2019B, 5.000%, 2/01/28 | No Opt. Call | Aa2 | 859,555 | ||
780 | Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.000%, 1/01/31 | 1/22 at 100.00 | BB | 792,121 | ||
1,475 | Minneapolis Special School District 1, Hennepin County, Minnesota, Certificates of Participation, Full Term Series 2015D, 3.000%, 2/01/29 | 2/24 at 100.00 | AAA | 1,556,228 | ||
1,000 | Minneapolis Special School District 1, Hennepin County, Minnesota, Certificates of Participation, Full Term Series 2017C, 4.000%, 2/01/30 | 2/28 at 100.00 | AAA | 1,191,020 | ||
Minneapolis, Minnesota, Tax Increment Revenue Bonds, Grant Park Project, Refunding Series 2015: | ||||||
495 | 3.650%, 3/01/24 | 3/23 at 100.00 | N/R | 508,241 | ||
200 | 3.800%, 3/01/25 | 3/23 at 100.00 | N/R | 205,622 | ||
200 | 4.000%, 3/01/27 | 3/23 at 100.00 | N/R | 205,722 | ||
340 | Minneapolis, Minnesota, Tax Increment Revenue Bonds, Village at St Anthony Falls Project, Refunding Series 2015, 4.000%, 3/01/24 | 3/23 at 100.00 | N/R | 350,846 | ||
Minneapolis, Minnesota, Tax Incriment Revenue Bonds, Ivy Tower Project, Series 2015: | ||||||
1,115 | 4.000%, 3/01/25 | 3/24 at 100.00 | N/R | 1,163,313 | ||
500 | 5.000%, 3/01/29 | 3/24 at 100.00 | N/R | 526,760 | ||
1,170 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2015C, 4.000%, 8/01/27 | 8/24 at 100.00 | AA+ | 1,287,655 |
16
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
$960 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2018D, 4.000%, 8/01/34 | 8/28 at 100.00 | AA+ | $1,132,099 | ||
770 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2019A, 4.000%, 8/01/32 | 8/29 at 100.00 | AA+ | 927,773 | ||
485 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2019C, 4.000%, 8/01/31 | 8/29 at 100.00 | AA+ | 587,422 | ||
1,055 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2020A, 4.000%, 8/01/31 | 8/30 at 100.00 | AA+ | 1,306,502 | ||
1,810 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2020D, 4.000%, 8/01/31 | 8/30 at 100.00 | AA+ | 2,244,925 | ||
1,185 | Minnesota Housing Finance Agency, Nonprofit Housing Bonds, State Appropriation Series 2011, 5.250%, 8/01/27 | 10/21 at 100.00 | AA+ | 1,189,989 | ||
Northeast Metropolitan Intermediate School District 916, White Bear Lake, Minnesota, Certificates of Particpation, Series 2015B: | ||||||
605 | 3.125%, 2/01/29 | 2/25 at 100.00 | A1 | 642,891 | ||
350 | 3.250%, 2/01/30 | 2/25 at 100.00 | A1 | 371,441 | ||
Plymouth Intermediate District 287, Minnesota, Facilities Maintence Bonds, Series 2017B: | ||||||
235 | 4.000%, 5/01/26 | No Opt. Call | Aa3 | 272,149 | ||
175 | 4.000%, 5/01/27 | No Opt. Call | Aa3 | 205,035 | ||
1,000 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2, 4.784%, 7/01/58 | 7/28 at 100.00 | N/R | 1,144,390 | ||
Rosemount Independent School District 196, Dakota County, Minnesota, Certificates of Participation, Series 2021A: | ||||||
890 | 3.000%, 4/01/26 | No Opt. Call | Aa3 | 984,598 | ||
915 | 3.000%, 4/01/27 | No Opt. Call | Aa3 | 1,025,962 | ||
1,155 | Roseville Independent School District 623, Ramsey County, Minnesota, Certificates of Participation, Series 2021A, 5.000%, 4/01/29 | No Opt. Call | Baa2 | 1,511,098 | ||
630 | Saint Cloud Independent School District 742, Stearns County, Minnesota, Certificates of Participation, Saint Cloud Area Public Schools, Series 2017A, 5.000%, 2/01/30 | 2/25 at 100.00 | A1 | 720,563 | ||
1,685 | Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2018B, 3.250%, 2/01/33 | 2/27 at 100.00 | AAA | 1,856,870 | ||
1,020 | Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2019B, 4.000%, 2/01/32 | 2/29 at 100.00 | AAA | 1,227,743 | ||
1,000 | Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2020C, 3.000%, 2/01/36 | 2/28 at 100.00 | AAA | 1,092,810 | ||
735 | Saint Paul, Minnesota, Sales Tax Revenue Bonds, Series 2014G, 5.000%, 11/01/29 | 11/24 at 100.00 | A+ | 839,907 | ||
1,895 | University of Minnesota, Special Purpose Revenue Bonds, State Supported Biomedical Science Research Facilities Funding Program, Series 2011B, 5.000%, 8/01/23 | 10/21 at 100.00 | AA+ | 1,902,372 | ||
3,500 | Virginia Housing and Redevelopment Authority, Minnesota, Health Care Facility Lease Revenue Bonds, Refunding Series 2018A, 4.000%, 10/01/29 | 10/25 at 100.00 | N/R | 3,542,035 |
17
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
White Bear Lake Independent School District 624, Ramsey County, Minnesota, Certificates of Participation, Series 2020B: | ||||||
$790 | 5.000%, 4/01/25 | No Opt. Call | A+ | $914,251 | ||
830 | 5.000%, 4/01/26 | No Opt. Call | A+ | 990,547 | ||
Zumbro Education District 6012, Minnesota, Certificates of Participation Series 2021A: | ||||||
375 | 4.000%, 2/01/26 | No Opt. Call | Baa1 | 423,769 | ||
320 | 4.000%, 2/01/28 | No Opt. Call | Baa1 | 372,813 | ||
330 | 4.000%, 2/01/30 | No Opt. Call | Baa1 | 392,812 | ||
32,870 | Total Tax Obligation/Limited | 36,692,291 | ||||
Transportation – 6.3% | ||||||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Senior Lien Series 2016A: | ||||||
720 | 5.000%, 1/01/26 | No Opt. Call | AA- | 861,286 | ||
380 | 4.000%, 1/01/26 | No Opt. Call | AA- | 438,281 | ||
2,330 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2011A, 5.000%, 1/01/25 | 10/21 at 100.00 | A+ | 2,339,250 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2012B: | ||||||
685 | 5.000%, 1/01/26 | 1/22 at 100.00 | A+ | 695,850 | ||
2,550 | 5.000%, 1/01/29 | 1/22 at 100.00 | A+ | 2,589,601 | ||
2,750 | 5.000%, 1/01/30 | 1/22 at 100.00 | A+ | 2,792,432 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014A: | ||||||
335 | 5.000%, 1/01/29 | 1/24 at 100.00 | A+ | 371,016 | ||
2,000 | 5.000%, 1/01/30 | 1/24 at 100.00 | A+ | 2,214,040 | ||
1,965 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2019A, 5.000%, 1/01/30 | 7/29 at 100.00 | A+ | 2,540,725 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2019B: | ||||||
3,000 | 5.000%, 1/01/27 (AMT) | No Opt. Call | A+ | 3,664,440 | ||
2,540 | 5.000%, 1/01/31 (AMT) | 7/29 at 100.00 | A+ | 3,261,716 | ||
895 | 5.000%, 1/01/33 (AMT) | 7/29 at 100.00 | A+ | 1,141,599 | ||
550 | 5.000%, 1/01/34 (AMT) | 7/29 at 100.00 | A+ | 699,380 | ||
590 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2019C, 5.000%, 1/01/27 | No Opt. Call | A+ | 724,833 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Senior Lien Series 2016C: | ||||||
1,050 | 5.000%, 1/01/34 | 1/27 at 100.00 | AA- | 1,267,760 | ||
2,310 | 5.000%, 1/01/35 | 1/27 at 100.00 | AA- | 2,787,962 | ||
180 | 5.000%, 1/01/36 | 1/27 at 100.00 | AA- | 216,992 | ||
24,830 | Total Transportation | 28,607,163 |
18
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed – 4.5% (5) | ||||||
Jordan Independent School District 717, Scott County, Minnesota, General Obligation Bonds, School Building Series 2014A: | ||||||
$1,000 | 4.000%, 2/01/26 (Pre-refunded 2/01/23) | 2/23 at 100.00 | Aa2 | $1,052,990 | ||
1,275 | 4.000%, 2/01/27 (Pre-refunded 2/01/23) | 2/23 at 100.00 | Aa2 | 1,342,754 | ||
625 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Hamline University, Series 2011-7K1, 6.000%, 10/01/32 (Pre-refunded 10/01/21) | 10/21 at 100.00 | Baa3 | 627,906 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Catherine University, Refunding Series 2012-7Q: | ||||||
740 | 5.000%, 10/01/23 (Pre-refunded 10/01/22) | 10/22 at 100.00 | Baa1 | 778,650 | ||
490 | 5.000%, 10/01/24 (Pre-refunded 10/01/22) | 10/22 at 100.00 | Baa1 | 515,593 | ||
675 | Rice County, Minnesota Educational Facility Revenue Bonds, Shattuck, Saint Mary's School Project, Series 2015, 5.000%, 8/01/22 (ETM), 144A | No Opt. Call | BB | 704,565 | ||
570 | Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding Series 2013B, 5.000%, 12/01/33 (Pre-refunded 12/01/23) | 12/23 at 100.00 | Aa3 | 631,993 | ||
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Olmsted Medical Center Project, Series 2013: | ||||||
940 | 3.000%, 7/01/25 (Pre-refunded 7/01/23) | 7/23 at 100.00 | N/R | 986,821 | ||
515 | 3.250%, 7/01/26 (Pre-refunded 7/01/23) | 7/23 at 100.00 | N/R | 543,001 | ||
St Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, HealthEast Inc, Series 2015A: | ||||||
1,100 | 5.000%, 11/15/29 (Pre-refunded 11/15/25) | 11/25 at 100.00 | N/R | 1,310,155 | ||
2,285 | 5.000%, 11/15/30 (Pre-refunded 11/15/25) | 11/25 at 100.00 | N/R | 2,721,549 | ||
Western Minnesota Municipal Power Agency, Minnesota, Power Supply Revenue Bonds, Series 2014A: | ||||||
2,850 | 5.000%, 1/01/29 (Pre-refunded 1/01/24) | 1/24 at 100.00 | Aa3 | 3,171,451 | ||
2,750 | 5.000%, 1/01/30 (Pre-refunded 1/01/24) | 1/24 at 100.00 | Aa3 | 3,060,173 | ||
1,000 | 5.000%, 1/01/31 (Pre-refunded 1/01/24) | 1/24 at 100.00 | Aa3 | 1,112,790 | ||
1,150 | 5.000%, 1/01/32 (Pre-refunded 1/01/24) | 1/24 at 100.00 | Aa3 | 1,279,709 | ||
500 | Worthington Independent School District 518, Nobles County, Minnesota, Certificates of Participation, Series 2017A, 4.000%, 2/01/30 (Pre-refunded 2/01/26) | 2/26 at 100.00 | A+ | 576,060 | ||
18,465 | Total U.S. Guaranteed | 20,416,160 | ||||
Utilities – 4.5% | ||||||
Brainerd, Minnesota, Electric Utility Revenue Bonds, Series 2014A: | ||||||
475 | 4.000%, 12/01/28 | 12/24 at 100.00 | AA | 523,678 | ||
495 | 4.000%, 12/01/29 | 12/24 at 100.00 | AA | 544,866 | ||
1,140 | Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/25 – AGM Insured | 10/22 at 100.00 | AA | 1,196,692 | ||
Hutchinson, Minnesota, Public Utility Revenue Bonds, Refunding Series 2012A: | ||||||
580 | 5.000%, 12/01/25 | 12/22 at 100.00 | A1 | 614,000 | ||
670 | 5.000%, 12/01/26 | 12/22 at 100.00 | A1 | 709,275 |
19
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utilities (continued) | ||||||
Luverne, Minnesota, Electric Revenue Bonds, Series 2018A: | ||||||
$225 | 4.000%, 12/01/27 | No Opt. Call | AA | $266,094 | ||
100 | 4.000%, 12/01/33 | 12/28 at 100.00 | AA | 117,395 | ||
Minnesota Municipal Power Agency, Electric Revenue Bonds, Refunding Series 2014: | ||||||
500 | 5.000%, 10/01/29 | 10/24 at 100.00 | A1 | 569,485 | ||
500 | 5.000%, 10/01/30 | 10/24 at 100.00 | A1 | 569,485 | ||
1,000 | Minnesota Municipal Power Agency, Electric Revenue Bonds, Refunding Series 2014A, 3.500%, 10/01/28 | 10/24 at 100.00 | A1 | 1,078,570 | ||
1,430 | Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Series 2013A, 5.000%, 1/01/30 | 1/23 at 100.00 | A- | 1,515,814 | ||
750 | Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding Series 2015E, 3.000%, 12/01/29 | 12/25 at 100.00 | AA | 817,522 | ||
1,000 | Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding Series 2017A, 5.000%, 12/01/33 | 12/26 at 100.00 | AA | 1,219,270 | ||
1,070 | Saint Paul Port Authority, Minnesota, District Energy Revenue Bonds, Series 2017-4, 4.000%, 10/01/40 (AMT) | 10/27 at 100.00 | A- | 1,179,365 | ||
Saint Paul Port Authority, Minnesota, District Energy Revenue Bonds, Series 2021-1 501 C3: | ||||||
100 | 3.000%, 10/01/22 | No Opt. Call | A- | 102,897 | ||
200 | 3.000%, 10/01/25 | No Opt. Call | A- | 218,532 | ||
100 | 3.000%, 10/01/27 | No Opt. Call | A- | 111,651 | ||
500 | 4.000%, 10/01/28 | 10/27 at 100.00 | A- | 582,245 | ||
2,500 | Southern Minnesota Municipal Power Agency Power Supply System Revenue Bonds, Series 2015A, 4.000%, 1/01/30 | 1/26 at 100.00 | AA- | 2,770,300 | ||
1,000 | Southern Minnesota Municipal Power Agency, Power Supply System Revenue Bonds, Series 1994A, 0.000%, 1/01/26 – NPFG Insured | No Opt. Call | A+ | 963,430 | ||
Western Minnesota Municipal Power Agency, Minnesota, Power Supply Revenue Bonds, Refunding Series 2012A: | ||||||
1,000 | 3.000%, 1/01/28 | 1/23 at 100.00 | Aa3 | 1,032,170 | ||
1,250 | 5.000%, 1/01/29 | 1/23 at 100.00 | Aa3 | 1,327,425 | ||
Western Minnesota Municipal Power Agency, Minnesota, Power Supply Revenue Bonds, Refunding Series 2015A: | ||||||
1,335 | 5.000%, 1/01/31 | 1/26 at 100.00 | Aa3 | 1,580,547 | ||
1,000 | 5.000%, 1/01/33 | 1/26 at 100.00 | Aa3 | 1,182,050 | ||
18,920 | Total Utilities | 20,792,758 | ||||
$400,725 | Total Long-Term Investments (cost $426,625,106) | 451,009,014 |
20
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 1.0% | ||||||
MUNICIPAL BONDS – 1.0% | ||||||
Health Care – 0.4% | ||||||
$2,000 | Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2018A, 0.020%, 11/15/48 (Mandatory Put 8/31/21) (6) | 8/21 at 100.00 | AA+ | $2,000,000 | ||
Housing/Multifamily – 0.4% | ||||||
1,600 | Rochester, Minnesota, Multifamily Housing Revenue Bonds, Bella Grove Apartments Project, Series 2019B, 0.020%, 5/01/61 (Mandatory Put 9/07/21) (6) | 8/21 at 100.00 | AA+ | 1,600,000 | ||
Housing/Single Family – 0.2% | ||||||
1,000 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2017F, 0.020%, 1/01/41 (Mandatory Put 9/06/21) (6) | 8/21 at 100.00 | AA+ | 1,000,000 | ||
$4,600 | Total Short-Term Investments (cost $4,600,000) | 4,600,000 | ||||
Total Investments (cost $431,225,106) – 99.5% | 455,609,014 | |||||
Other Assets Less Liabilities – 0.5% | 2,368,353 | |||||
Net Assets – 100% | $457,977,367 |
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).
21
Nuveen Minnesota Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
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 | $ — | $451,009,014 | $ — | $451,009,014 |
Short-Term Investments: | ||||
Municipal Bonds | — | 4,600,000 | — | 4,600,000 |
Total | $ — | $455,609,014 | $ — | $455,609,014 |
(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) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(5) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(6) | Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
ETM | Escrowed to maturity | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
22
Nuveen Minnesota Municipal Bond Fund
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 96.0% | ||||||
MUNICIPAL BONDS – 96.0% | ||||||
Education and Civic Organizations – 14.4% | ||||||
$110 | Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A, 4.250%, 8/01/46 | 8/26 at 100.00 | BB+ | $117,899 | ||
3,500 | Brooklyn Center, Minnesota, Charter School Lease Revenue Bonds, Tesfa International dba Twin Lakes STEM Academy Project, Series 2021A, 5.250%, 6/15/56 | 6/29 at 100.00 | N/R | 3,558,625 | ||
770 | Chaska, Minnesota, Lease Revenue Bonds, World Learner School Project, Series, 8.000%, 12/01/43 | 12/21 at 100.00 | N/R | 781,542 | ||
City of Ham Lake, Minnesota, Charter School Lease Revenue Bonds, DaVinci Academy Project,Series 2016A: | ||||||
100 | 5.000%, 7/01/36 | 7/24 at 102.00 | N/R | 109,229 | ||
2,000 | 5.000%, 7/01/47 | 7/24 at 102.00 | N/R | 2,163,260 | ||
Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project, Series 2015A: | ||||||
675 | 5.250%, 7/01/37 | 7/25 at 100.00 | BB+ | 759,740 | ||
500 | 5.500%, 7/01/50 | 7/25 at 100.00 | BB+ | 560,670 | ||
1,025 | Forest Lake, Minnesota, Charter School Lease Revenue Bonds, Lakes International Language Academy, Series 2014A, 5.750%, 8/01/44 | 8/22 at 102.00 | BB+ | 1,077,131 | ||
1,000 | Forest Lake, Minnesota, Charter School Lease Revenue Bonds, Lakes International Language Academy, Series 2019A, 5.375%, 8/01/50 | 8/27 at 102.00 | BB+ | 1,155,190 | ||
100 | Greenwood, Minnesota, Charter School Lease Revenue Bonds, Main Street School of Performing Arts Project, Series 2016A, 5.000%, 7/01/36 | 7/26 at 100.00 | N/R | 107,436 | ||
5,350 | Ham Lake, Minnesota Charter School Lease Revenue Bonds, Parnassus Preparatory School Project, Series 2016A, 5.000%, 11/01/47 | 11/26 at 100.00 | BB | 5,936,467 | ||
Hugo, Minnesota, Charter School Lease Revenue Bonds, Noble Academy Project, Series 2014A: | ||||||
600 | 5.000%, 7/01/29 | 7/24 at 100.00 | BB | 644,640 | ||
1,000 | 5.000%, 7/01/34 | 7/24 at 100.00 | BB | 1,065,330 | ||
525 | 5.000%, 7/01/44 | 7/24 at 100.00 | BB | 553,266 | ||
4,150 | Independence, Minnesota, Charter School Lease Revenue Bonds, Beacon Academy Project, Series 2016A, 5.000%, 7/01/46 | 7/26 at 100.00 | N/R | 4,362,978 | ||
300 | Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Hiawatha Academies Project, Series 2016A, 5.000%, 7/01/47 | 7/24 at 102.00 | N/R | 322,179 | ||
Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Northeast College Prep Project, Series 2020A: | ||||||
410 | 5.000%, 7/01/40 | 7/30 at 100.00 | N/R | 459,327 | ||
100 | 5.000%, 7/01/55 | 7/30 at 100.00 | N/R | 109,949 |
23
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Yinghua Academy Project, Series 2013A: | ||||||
$500 | 6.000%, 7/01/33 | 7/23 at 100.00 | BB+ | $536,315 | ||
3,715 | 6.000%, 7/01/43 | 7/23 at 100.00 | BB+ | 3,950,197 | ||
1,260 | 6.125%, 7/01/48 | 7/23 at 100.00 | BB+ | 1,341,409 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Augsburg College, Series 2014-8-C: | ||||||
440 | 3.350%, 5/01/22 | 9/21 at 100.00 | Ba1 | 440,242 | ||
420 | 3.500%, 5/01/23 | 9/21 at 100.00 | Ba1 | 420,244 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Bethel University, Refunding Series 2017: | ||||||
2,345 | 5.000%, 5/01/37 | 5/27 at 100.00 | BB+ | 2,655,666 | ||
4,700 | 5.000%, 5/01/47 | 5/27 at 100.00 | BB+ | 5,256,151 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Carleton College, Refunding Series 2017: | ||||||
1,000 | 4.000%, 3/01/37 | 3/27 at 100.00 | Aa2 | 1,132,110 | ||
1,000 | 4.000%, 3/01/39 | 3/27 at 100.00 | Aa2 | 1,132,250 | ||
500 | Minnesota Higher Education Facilities Authority, Revenue Bonds, College of Saint Scholastica, Inc, Refunding Series 2019, 4.000%, 12/01/40 | 12/29 at 100.00 | Baa2 | 577,940 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Macalester College, Refunidng Series 2021: | ||||||
140 | 4.000%, 3/01/33 | 3/31 at 100.00 | Aa3 | 173,149 | ||
155 | 4.000%, 3/01/34 | 3/31 at 100.00 | Aa3 | 191,141 | ||
125 | 4.000%, 3/01/35 | 3/31 at 100.00 | Aa3 | 153,339 | ||
155 | 4.000%, 3/01/36 | 3/31 at 100.00 | Aa3 | 189,368 | ||
100 | 4.000%, 3/01/37 | 3/31 at 100.00 | Aa3 | 121,873 | ||
185 | 3.000%, 3/01/40 | 3/31 at 100.00 | Aa3 | 204,048 | ||
165 | 3.000%, 3/01/43 | 3/31 at 100.00 | Aa3 | 180,170 | ||
1,000 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Macalester College, Series 201528J, 3.250%, 3/01/30 | 3/25 at 100.00 | Aa3 | 1,075,540 | ||
675 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Catherine University, Refunding Series 2018A, 5.000%, 10/01/45 | 10/28 at 100.00 | Baa1 | 802,224 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint John's University, Refunding Series 2021: | ||||||
170 | 4.000%, 10/01/35 | 10/30 at 100.00 | A2 | 205,586 | ||
500 | 3.000%, 10/01/37 | 10/30 at 100.00 | A2 | 551,895 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint John's University, Series 2015-8I: | ||||||
350 | 5.000%, 10/01/33 | 10/25 at 100.00 | A2 | 406,084 | ||
385 | 5.000%, 10/01/34 | 10/25 at 100.00 | A2 | 445,957 | ||
500 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Olaf College, Series 2016-8-N, 4.000%, 10/01/35 | 10/26 at 100.00 | A1 | 568,725 |
24
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Olaf College, Series 2021: | ||||||
$2,000 | 3.000%, 10/01/38 | 10/30 at 100.00 | A1 | $2,217,680 | ||
4,750 | 4.000%, 10/01/50 | 10/30 at 100.00 | A1 | 5,616,352 | ||
1,000 | Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2016-8L, 5.000%, 4/01/27 | 4/26 at 100.00 | A2 | 1,187,760 | ||
100 | Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2017A, 4.000%, 10/01/36 | 10/27 at 100.00 | A2 | 114,991 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, University of Saint Thomas, Series 2019: | ||||||
1,000 | 5.000%, 10/01/34 | 10/29 at 100.00 | A2 | 1,272,580 | ||
2,000 | 5.000%, 10/01/40 | 10/29 at 100.00 | A2 | 2,510,940 | ||
1,000 | Minnesota Office of Higher Education, Supplemental Student Loan Program Revenue Bonds, 2020 Senior Series, 2.650%, 11/01/38 (AMT) | 11/27 at 100.00 | AA | 1,032,280 | ||
1,950 | Moorhead, Minnesota, Educational Facilities Revenue Bonds, The Concordia College Corporation Project, Series 2016, 5.000%, 12/01/40 | 12/25 at 100.00 | Baa1 | 2,184,058 | ||
1,130 | Otsego, Minnesota, Charter School Lease Revenue Bonds, Kaleidoscope Charter School Project, Series 2014A, 5.000%, 9/01/44 | 9/24 at 100.00 | BB- | 1,185,042 | ||
700 | Ramsey, Anoka County, Minnesota, Lease Revenue Bonds, PACT Charter School Project, Series 2004A, 5.500%, 12/01/33 | 12/21 at 100.00 | BBB- | 706,769 | ||
155 | Saint Cloud, Minnesota, Charter School Lease Revenue Bonds, Stride Academy Project, Series 2016A, 5.000%, 4/01/46 (4) | 4/26 at 100.00 | N/R | 141,501 | ||
1,600 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Community of Peace Academy Project, Series 2019, 4.000%, 12/01/49 | 12/29 at 100.00 | BBB- | 1,813,312 | ||
685 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Great River School Project, Series 2017A, 5.500%, 7/01/52, 144A | 7/27 at 100.00 | N/R | 775,160 | ||
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Hmong College Prep Academy Project, Refunding Series 2020A: | ||||||
1,500 | 5.000%, 9/01/40 | 9/30 at 100.00 | BB+ | 1,823,370 | ||
1,000 | 5.000%, 9/01/43 | 9/30 at 100.00 | BB+ | 1,206,570 | ||
500 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Hmong College Prep Academy Project, Series 2016A, 5.750%, 9/01/46 | 9/26 at 100.00 | BB+ | 583,045 | ||
3,300 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Hope Community Academy Project, Series 2020A, 5.000%, 12/01/45 | 12/28 at 102.00 | BB | 3,612,081 | ||
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Metro Deaf School Project, Series 2018A: | ||||||
1,000 | 5.000%, 6/15/48, 144A | 6/25 at 100.00 | N/R | 1,079,210 | ||
1,615 | 5.000%, 6/15/53, 144A | 6/25 at 100.00 | N/R | 1,739,904 | ||
500 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Nova Classical Academy, Refunding Series 2021A, 4.000%, 9/01/31 | 9/24 at 102.00 | BB+ | 534,875 | ||
2,000 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Nova Classical Academy, Series 2016A, 4.125%, 9/01/47 | 9/24 at 102.00 | BB+ | 2,114,260 |
25
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Education and Civic Organizations (continued) | ||||||
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Twin Cities Academy Project, Series 2015A: | ||||||
$625 | 5.300%, 7/01/45 | 7/25 at 100.00 | BB | $692,138 | ||
1,030 | 5.375%, 7/01/50 | 7/25 at 100.00 | BB | 1,141,467 | ||
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Twin Cities German Immersion School Project, Series 2019: | ||||||
675 | 5.000%, 7/01/49 | 7/27 at 102.00 | BB | 766,219 | ||
880 | 5.000%, 7/01/55 | 7/27 at 102.00 | BB | 993,828 | ||
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Twin Cities German Immersion School, Series 2013A: | ||||||
500 | 5.000%, 7/01/33 | 7/23 at 100.00 | BB | 525,425 | ||
1,450 | 5.000%, 7/01/44 | 7/23 at 100.00 | BB | 1,512,031 | ||
1,435 | Saint Paul Housing and Redevelopment Authority, Minnesota, Charter School Revenue Bonds, Higher Ground Academy Charter School, Series 2013A, 5.000%, 12/01/33 | 12/22 at 100.00 | BB+ | 1,489,229 | ||
Savage, Minnesota Charter School Lease Revenue Bonds, Aspen Academy Project, Series 2016A: | ||||||
2,035 | 5.000%, 10/01/41 | 10/26 at 100.00 | N/R | 2,228,427 | ||
380 | 5.125%, 10/01/48 | 10/26 at 100.00 | N/R | 415,530 | ||
1,500 | Spring Lake Park, Minnesota, Charter School Lease Revenue Bonds, Excell Academy for Higher Learning Inc, Series 2019A, 5.000%, 6/15/49 | 6/27 at 100.00 | N/R | 1,656,750 | ||
500 | St Paul Housing and Redevelopment Authority, Minnesota, Charter School Revenue Bonds, Higher Ground Academy Charter School, Series 2018, 5.125%, 12/01/49 | 12/26 at 102.00 | BB+ | 568,265 | ||
University of Minnesota, General Obligation Bonds, Series 2014B: | ||||||
255 | 5.000%, 1/01/24 | No Opt. Call | Aa1 | 283,744 | ||
2,235 | 4.000%, 1/01/33 | 1/24 at 100.00 | Aa1 | 2,406,648 | ||
2,000 | 4.000%, 1/01/34 | 1/24 at 100.00 | Aa1 | 2,151,660 | ||
University of Minnesota, General Obligation Bonds, Series 2019A: | ||||||
1,250 | 5.000%, 4/01/39 | 4/29 at 100.00 | Aa1 | 1,584,312 | ||
2,110 | 5.000%, 4/01/40 | 4/29 at 100.00 | Aa1 | 2,669,255 | ||
4,230 | University of Minnesota, General Obligation Bonds, Series 2020A, 5.000%, 11/01/42 | 11/30 at 100.00 | Aa1 | 5,527,764 | ||
20 | Winona Port Authority, Minnesota, Charter School Lease Revenue Bonds, Bluffview Montessori School Project, Refunding Series 2016, 4.750%, 6/01/46 | 6/24 at 100.00 | N/R | 20,480 | ||
Woodbury, Minnesota, Charter School Lease Revenue Bonds, Math and Science Academy Building Company, Refunding Series 2020A: | ||||||
390 | 4.000%, 12/01/40 | 12/25 at 102.50 | BBB- | 428,957 | ||
450 | 4.000%, 12/01/50 | 12/25 at 102.50 | BBB- | 490,743 | ||
660 | Woodbury, Minnesota, Charter School Lease Revenue Bonds, Woodbury Leadership Academy, Series 2021A, 4.000%, 7/01/51 | 7/28 at 103.00 | BB- | 724,409 | ||
96,795 | Total Education and Civic Organizations | 108,285,502 |
26
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care – 14.8% | ||||||
Chippewa County, Minnesota, Gross Revenue Hospital Bonds, Montevideo Hospital Project, Refunding Series 2016: | ||||||
$500 | 4.000%, 3/01/32 | 3/26 at 100.00 | N/R | $532,105 | ||
2,000 | 4.000%, 3/01/37 | 3/26 at 100.00 | N/R | 2,109,560 | ||
City of Plato, Minnesota, Health Care Facilities Revenue Bonds, Glencoe Regional Health Services Project, Series 2017: | ||||||
550 | 3.000%, 4/01/26 | No Opt. Call | BBB | 593,010 | ||
485 | 5.000%, 4/01/41 | 4/27 at 100.00 | BBB | 548,845 | ||
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Series 2018A: | ||||||
500 | 5.000%, 2/15/37 | 2/28 at 100.00 | A- | 606,960 | ||
1,105 | 4.250%, 2/15/43 | 2/28 at 100.00 | A- | 1,271,004 | ||
2,000 | 5.000%, 2/15/43 | 2/28 at 100.00 | A- | 2,418,640 | ||
1,170 | 4.250%, 2/15/48 | 2/28 at 100.00 | A- | 1,337,895 | ||
6,675 | 5.000%, 2/15/48 | 2/28 at 100.00 | A- | 8,025,686 | ||
9,000 | 5.000%, 2/15/53 | 2/28 at 100.00 | A- | 10,789,200 | ||
3,000 | 5.250%, 2/15/53 | 2/28 at 100.00 | A- | 3,662,490 | ||
2,850 | 5.000%, 2/15/58 | 2/28 at 100.00 | A- | 3,410,823 | ||
590 | 5.250%, 2/15/58 | 2/28 at 100.00 | A- | 719,080 | ||
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth Obligated Group, Series 2021A: | ||||||
400 | 4.000%, 6/15/34 (WI/DD, Settling 9/09/21) | 6/31 at 100.00 | BBB- | 473,128 | ||
175 | 4.000%, 6/15/38 (WI/DD, Settling 9/09/21) | 6/31 at 100.00 | BBB- | 204,703 | ||
175 | 4.000%, 6/15/39 (WI/DD, Settling 9/09/21) | 6/31 at 100.00 | BBB- | 203,954 | ||
570 | 3.000%, 6/15/44 (WI/DD, Settling 9/09/21) | 6/31 at 100.00 | BBB- | 588,274 | ||
450 | Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth Obligated Group, Series 2022A, Forward Delivery, 4.000%, 6/15/38 (WI/DD, Settling 3/17/22) | 6/32 at 100.00 | BBB- | 516,303 | ||
Glencoe, Minnesota, Health Care Facilities Revenue Bonds, Glencoe Regional Health Services Project, Series 2013: | ||||||
375 | 4.000%, 4/01/22 | No Opt. Call | BBB | 382,320 | ||
500 | 4.000%, 4/01/27 | 4/22 at 100.00 | BBB | 508,230 | ||
760 | 4.000%, 4/01/31 | 4/22 at 100.00 | BBB | 768,877 | ||
1,000 | Maple Grove, Minnesota, Health Care Facilities Revenue Refunding Bonds, North Memorial Health Care, Series 2015, 4.000%, 9/01/35 | 9/25 at 100.00 | Baa1 | 1,095,030 | ||
Maple Grove, Minnesota, Health Care Facility Revenue Bonds, North Memorial Health Care, Series 2017: | ||||||
425 | 5.000%, 5/01/31 | 5/27 at 100.00 | Baa1 | 512,146 | ||
430 | 5.000%, 5/01/32 | 5/27 at 100.00 | Baa1 | 516,873 |
27
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2015A: | ||||||
$525 | 5.000%, 11/15/26 | 11/25 at 100.00 | A+ | $619,342 | ||
485 | 4.000%, 11/15/40 | 11/25 at 100.00 | A+ | 540,809 | ||
2,000 | 5.000%, 11/15/44 | 11/25 at 100.00 | A+ | 2,320,580 | ||
Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2018A: | ||||||
600 | 5.000%, 11/15/33 | 11/28 at 100.00 | A+ | 757,362 | ||
1,000 | 5.000%, 11/15/36 | 11/28 at 100.00 | A+ | 1,254,550 | ||
285 | 4.000%, 11/15/37 | 11/28 at 100.00 | A+ | 328,457 | ||
3,965 | 4.000%, 11/15/48 | 11/28 at 100.00 | A+ | 4,514,906 | ||
7,000 | 5.000%, 11/15/49 | 11/28 at 100.00 | A+ | 8,564,080 | ||
Minneapolis-Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care System Revenue Bonds, Allina Health System, Refunding Series 2017A: | ||||||
1,315 | 5.000%, 11/15/25 | No Opt. Call | AA- | 1,565,179 | ||
1,000 | 5.000%, 11/15/29 | 5/27 at 100.00 | AA- | 1,234,100 | ||
Minneapolis-Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care System Revenue Bonds, Allina Health System, Refunding Series 2019: | ||||||
2,000 | 5.000%, 11/15/27 | No Opt. Call | AA- | 2,519,180 | ||
1,415 | 5.000%, 11/15/28 | No Opt. Call | AA- | 1,826,496 | ||
1,500 | 5.000%, 11/15/29 | No Opt. Call | AA- | 1,979,235 | ||
2,400 | Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Refunding Series 2016B, 5.000%, 11/15/33 | No Opt. Call | AA | 3,452,688 | ||
675 | Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Series 2016A, 5.000%, 5/01/46 | 5/26 at 100.00 | AA- | 796,669 | ||
Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Series 2019: | ||||||
2,070 | 5.000%, 5/01/48 | 5/29 at 100.00 | AA- | 2,550,820 | ||
1,575 | 4.000%, 5/01/49 | 5/29 at 100.00 | AA- | 1,804,792 | ||
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Facility Revenue Bonds, HealthPartners Obligated Group, Refunding Series 2015A: | ||||||
350 | 5.000%, 7/01/23 | No Opt. Call | A | 380,496 | ||
8,310 | 5.000%, 7/01/30 | 7/25 at 100.00 | A | 9,739,154 | ||
4,765 | 4.000%, 7/01/35 | 7/25 at 100.00 | A | 5,265,706 | ||
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds, Fairview Health Services, Series 2017A: | ||||||
1,560 | 5.000%, 11/15/26 | No Opt. Call | A+ | 1,896,149 | ||
2,135 | 5.000%, 11/15/27 | No Opt. Call | A+ | 2,662,793 | ||
755 | 4.000%, 11/15/36 | 11/27 at 100.00 | A+ | 872,297 | ||
640 | 4.000%, 11/15/37 | 11/27 at 100.00 | A+ | 737,773 | ||
3,935 | 4.000%, 11/15/43 | 11/27 at 100.00 | A+ | 4,514,114 |
28
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
$1,375 | Saint Paul Port Authority, Minnesota, Lease Revenue Bonds, Regions Hospital Parking Ramp Project, Series 2007-1, 5.000%, 8/01/36 | 10/21 at 100.00 | N/R | $1,376,829 | ||
Shakopee, Minnesota, Health Care Facilities Revenue Bonds, Saint Francis Regional Medical Center, Refunding Series 2014: | ||||||
1,980 | 4.000%, 9/01/31 | 9/24 at 100.00 | A | 2,095,216 | ||
1,410 | 5.000%, 9/01/34 | 9/24 at 100.00 | A | 1,527,495 | ||
Winona, Minnesota, Health Care Facilities Revenue Bonds, Winona Health Obligated Group, Refunding Series 2012: | ||||||
350 | 4.000%, 7/01/22 | 10/21 at 100.00 | BBB | 350,847 | ||
1,270 | 4.500%, 7/01/24 | 10/21 at 100.00 | BBB | 1,273,467 | ||
94,330 | Total Health Care | 111,116,717 | ||||
Housing/Multifamily – 0.3% | ||||||
2,500 | Rochester, Minnesota, Multifamily Housing Revenue Bonds, Essex Place Apartments Project, Series 2012A, 3.750%, 6/01/29 | 6/22 at 100.00 | Aaa | 2,542,850 | ||
Housing/Single Family – 0.8% | ||||||
15 | Minneapolis-Saint Paul Housing Finance Board, Minnesota, Single Family Mortgage Revenue Bonds, City Living Home Program, Market Series 2011B, 4.100%, 12/01/29 | 9/21 at 100.00 | AA+ | 15,017 | ||
4 | Minneapolis-Saint Paul Housing Finance Board, Minnesota, Single Family Mortgage Revenue Bonds, City Living Series 2006A-4, 5.000%, 11/01/38 (AMT) | 9/21 at 100.00 | AA+ | 4,667 | ||
65 | Minneapolis-Saint Paul Housing Finance Board, Minnesota, Single Family Mortgage Revenue Bonds, City Living Series 2007A-2, 5.520%, 3/01/41 (AMT) | 9/21 at 100.00 | AA+ | 65,140 | ||
70 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2015F, 3.300%, 7/01/29 | 7/25 at 100.00 | AA+ | 72,833 | ||
530 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2016A, 3.200%, 1/01/33 (AMT) | 7/25 at 100.00 | AA+ | 550,490 | ||
85 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2017A, 3.200%, 7/01/30 (AMT) | 1/27 at 100.00 | AA+ | 85,663 | ||
100 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2017D, 3.300%, 1/01/30 (AMT) | 1/27 at 100.00 | AA+ | 106,598 | ||
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020A: | ||||||
580 | 1.550%, 7/01/25 (AMT) | No Opt. Call | AA+ | 594,500 | ||
455 | 1.700%, 7/01/26 (AMT) | No Opt. Call | AA+ | 469,310 | ||
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020D: | ||||||
260 | 1.625%, 1/01/26 (AMT) | No Opt. Call | AA+ | 263,741 | ||
225 | 1.650%, 7/01/26 (AMT) | No Opt. Call | AA+ | 227,822 | ||
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020H: | ||||||
485 | 1.100%, 7/01/26 (AMT) | No Opt. Call | AA+ | 486,120 | ||
480 | 1.350%, 7/01/27 (AMT) | No Opt. Call | AA+ | 481,138 |
29
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Housing/Single Family (continued) | ||||||
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2021A: | ||||||
$400 | 1.550%, 1/01/28 (AMT) | No Opt. Call | AA+ | $405,108 | ||
400 | 1.600%, 7/01/28 (AMT) | No Opt. Call | AA+ | 405,492 | ||
500 | 1.750%, 1/01/29 (AMT) | No Opt. Call | AA+ | 507,395 | ||
500 | 1.800%, 7/01/29 (AMT) | No Opt. Call | AA+ | 507,995 | ||
250 | 1.900%, 1/01/30 (AMT) | No Opt. Call | AA+ | 254,323 | ||
250 | 1.950%, 7/01/30 (AMT) | No Opt. Call | AA+ | 254,477 | ||
5,654 | Total Housing/Single Family | 5,757,829 | ||||
Industrials – 0.3% | ||||||
2,250 | Saint Paul Port Authority, Minnesota, Solid Waste Disposal Revenue Bonds, Gerdau Saint Paul Steel Mill Project, Series 2012-7, 4.500%, 10/01/37 (AMT), 144A | 10/22 at 100.00 | BBB- | 2,294,460 | ||
Long-Term Care – 7.9% | ||||||
2,090 | Anoka, Minnesota, Health Care and Housing Facility Revenue Bonds, The Homestead at Anoka, Inc Project, Series 2014, 5.125%, 11/01/49 | 11/24 at 100.00 | N/R | 2,209,402 | ||
Apple Valley, Minnesota, Senior Housing Revenue Bonds, PHS Apple Valley Senior Housing, Inc, Orchard Path Project, Refunding Series 2018: | ||||||
1,000 | 5.000%, 9/01/43 | 9/23 at 102.00 | N/R | 1,056,130 | ||
485 | 4.375%, 9/01/48 | 9/23 at 102.00 | N/R | 504,463 | ||
Center City, Minnesota, Health Care Facilities Revenue Bonds, Hazelden Betty Ford Foundation Project, Series 2014: | ||||||
375 | 4.000%, 11/01/39 | 11/24 at 100.00 | Baa1 | 401,486 | ||
500 | 5.000%, 11/01/44 | 11/24 at 100.00 | Baa1 | 548,130 | ||
Chatfield, Minnesota, Healthcare and Housing Facilities Revenue Bonds, Chosen Valley Care Center Project, Refunding Series 2019: | ||||||
500 | 5.000%, 9/01/44 | 9/26 at 102.00 | N/R | 530,250 | ||
1,500 | 5.000%, 9/01/52 | 9/26 at 102.00 | N/R | 1,576,740 | ||
1,500 | Chisago City, Minnesota, Housing and Health Care Revenue Bonds, CDL Homes, LLC Project, Series 2013B, 6.000%, 8/01/43 | 8/23 at 100.00 | N/R | 1,574,460 | ||
1,500 | City of West Saint Paul, Minnesota Housing and Health Care Facilities Revenue Refunding Bonds, Walker Westwood Ridge Campus Project, Series 2017, 5.000%, 11/01/49 | 11/25 at 100.00 | N/R | 1,546,470 | ||
Cloquet, Minnesota, Housing Facilities Revenue Bonds, HADC Cloquet LLC Project, Refunding Series 2021: | ||||||
250 | 3.400%, 8/01/36 | 8/28 at 102.00 | N/R | 249,702 | ||
700 | 4.000%, 8/01/41 | 8/28 at 102.00 | N/R | 723,331 | ||
200 | 4.000%, 8/01/48 | 8/28 at 102.00 | N/R | 203,600 | ||
1,180 | Cold Spring, Minnesota, Health Care Facilities Revenue Bonds, Assumption Home, Inc, Refunding Series 2013, 5.200%, 3/01/43 | 9/21 at 100.00 | N/R | 1,180,602 | ||
Columbus, Minnesota, Senior Housing Revenue Bonds, Richfield Senior Housing, Inc, Refunding Series 2015: | ||||||
575 | 5.250%, 1/01/40 | 1/23 at 100.00 | N/R | 576,564 | ||
1,175 | 5.250%, 1/01/46 | 1/23 at 100.00 | N/R | 1,175,423 |
30
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care (continued) | ||||||
$1,195 | Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, Walker Highview Hills LLC Project, Refunding Series 2016A, 5.000%, 8/01/46, 144A | 8/22 at 100.00 | N/R | $1,221,577 | ||
500 | Dennison, Minnesota, Senior Housing Revenue Bonds, Villages of Lonsdale, LLC Project, Series 2019, 4.600%, 5/01/44 | 5/24 at 101.00 | N/R | 511,815 | ||
1,185 | Lake Crystal, Minnesota, Housing and Health Care Revenue Bonds, Ecumen, Second Century & Owatonna Senior Living Project, Refunding Series 2014A, 4.500%, 9/01/44 (Mandatory Put 9/01/24) | 10/21 at 100.00 | N/R | 1,186,434 | ||
Maple Plain, Minnesota Senior Housing and Healthcare Revenue Bonds, Haven Homes, Inc Project, Series 2019: | ||||||
400 | 4.100%, 7/01/34 | 7/25 at 102.00 | N/R | 417,912 | ||
1,000 | 5.000%, 7/01/49 | 7/25 at 102.00 | N/R | 1,068,190 | ||
1,250 | 5.000%, 7/01/54 | 7/25 at 102.00 | N/R | 1,332,912 | ||
Mapleton, Minnesota, Healthcare Facility Revenue Bonds, Mapleton Community Home, Refunding Series 2019: | ||||||
200 | 4.000%, 5/01/39 | 5/24 at 101.00 | N/R | 194,306 | ||
450 | 4.250%, 5/01/46 | 5/24 at 101.00 | N/R | 443,209 | ||
Minneapolis, Minnesota, Revenue Bonds, Walker Minneapolis Campus Project, Refunding Series 2012: | ||||||
450 | 5.000%, 11/15/24 | 11/22 at 100.00 | N/R | 458,604 | ||
1,500 | 4.750%, 11/15/28 | 11/22 at 100.00 | N/R | 1,514,580 | ||
1,500 | Minneapolis, Minnesota, Senior Housing and Healthcare Revenue Bonds, Ecumen, Abiitan Mill City Project, Series 2015, 5.250%, 11/01/45 | 5/23 at 100.00 | N/R | 1,524,000 | ||
300 | Morris, Minnesota, Health Care Facilities Revenue Bonds, Farmington Health Services Project, Refunding Series 2019, 3.400%, 8/01/28 | 8/24 at 101.00 | N/R | 300,429 | ||
2,000 | North Oaks, Minnesota, Senior Housing Revenue Bonds, Waverly Gardens Project, Refunding Series 2016, 5.000%, 10/01/47 | 10/24 at 102.00 | N/R | 2,216,600 | ||
1,055 | Owatonna, Minnesota, Housing and Health Care Revenue Bonds, Ecumen, Second Century & Owatonna Senior Living Project, Refunding Series 2014B, 4.500%, 9/01/44 (Mandatory Put 9/01/24) | 10/21 at 100.00 | N/R | 1,056,066 | ||
1,500 | Rochester, Minnesota, Health Care and Housing Revenue Bonds, Samaritan Bethany, Inc Project, Refunding Series 2017A, 5.000%, 8/01/48 | 8/25 at 100.00 | N/R | 1,583,835 | ||
1,285 | Saint Joseph, Minnesota, Senior Housing and Healthcare Revenue Bonds, Woodcrest of Country Manor Project, Series 2019 A, 5.000%, 7/01/55 | 7/24 at 102.00 | N/R | 1,319,823 | ||
2,700 | Saint Louis Park, Minnesota, Health Care Facilities Revenue Bonds, Mount Olivet Careview Home Project, Series 2016B, 4.900%, 6/01/49 | 6/26 at 100.00 | N/R | 2,774,547 | ||
50 | Saint Louis Park, Minnesota, Health Care Facilities Revenue Bonds, Mount Olivet Careview Home Project, Series 2016C, 3.150%, 6/01/28 | 10/21 at 101.00 | N/R | 49,221 | ||
1,000 | Saint Paul Housing & Redevelopment Authority, Minnesota, Revenue Bonds, Rossy & Richard Shaller Family Sholom East Campus, Series 2018, 5.000%, 10/01/43 | 10/23 at 100.00 | N/R | 1,032,450 | ||
4,000 | Saint Paul Housing and Redevelopment Authority, Minnesota Senior Housing and Health Care Revenue Bonds, Carondelet Village Project, Series 2016A, 5.000%, 12/01/41 | 12/24 at 102.00 | N/R | 4,490,840 | ||
1,536 | Saint Paul Housing and Redevelopment Authority, Minnesota, Nursing Home Revneue Bonds, Episcopal Homes of Minnesota, Series 2006, 5.630%, 10/01/33 | 10/21 at 100.00 | N/R | 1,547,705 |
31
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care (continued) | ||||||
Saint Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds, Amherst H Wilder Foundation Project, Refunding Series 2020A: | ||||||
$1,115 | 5.000%, 12/01/28 | No Opt. Call | Baa2 | $1,365,708 | ||
300 | 5.000%, 12/01/30 | No Opt. Call | Baa2 | 375,915 | ||
1,750 | 5.000%, 12/01/36 | 12/30 at 100.00 | Baa2 | 2,133,355 | ||
1,000 | Saint Paul Housing and Redevelopment Authority, Minnesota, Senior Housing and Health Care Revenue Bonds, Episcopal Homes Project, Refunding Series 2012A, 5.150%, 11/01/42 | 10/21 at 100.00 | N/R | 1,000,960 | ||
850 | Saint Paul Park, Minnesota, Health Facilities Revenue Bonds, Presbyterian Homes Interlude Transitional Care Projects, Refunding Series 2018, 5.000%, 5/01/43 | 5/23 at 102.00 | N/R | 904,315 | ||
Saint Paul Park, Minnesota, Senior Housing and Health Care Revenue Bonds, Presbyterian Homes Bloomington Project, Refunding Series 2017: | ||||||
590 | 4.000%, 9/01/31 | 9/24 at 100.00 | N/R | 622,745 | ||
400 | 4.000%, 9/01/32 | 9/24 at 100.00 | N/R | 421,484 | ||
500 | 4.100%, 9/01/33 | 9/24 at 100.00 | N/R | 527,855 | ||
315 | 4.200%, 9/01/36 | 9/24 at 100.00 | N/R | 332,612 | ||
300 | 4.250%, 9/01/37 | 9/24 at 100.00 | N/R | 316,938 | ||
1,000 | 5.000%, 9/01/42 | 9/24 at 100.00 | N/R | 1,073,550 | ||
800 | Sartell, Minnesota, Health Care and Housing Facilities Revenue Bonds, Country Manor Campus LLC Project, Series 2012A, 5.250%, 9/01/30 | 9/22 at 100.00 | N/R | 814,464 | ||
2,390 | Sauk Rapids, Minnesota, Health Care and Housing Facilities Revenue Bonds, Good Shepherd Luthran Home, Refunding Series 2013, 5.125%, 1/01/39 | 1/23 at 100.00 | N/R | 2,414,474 | ||
1,000 | Scanlon, Minnesota, Health Care Facilities Revenue Bonds, Duluth Health Services Project, Refunding Series 2020, 3.950%, 3/01/50 | 3/25 at 101.00 | N/R | 963,510 | ||
Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, Refunding Series 2019: | ||||||
650 | 5.000%, 8/01/49 | 8/24 at 102.00 | N/R | 701,714 | ||
5,000 | 5.000%, 8/01/54 | 8/24 at 102.00 | N/R | 5,383,150 | ||
56,546 | Total Long-Term Care | 59,654,557 | ||||
Tax Obligation/General – 33.2% | ||||||
1,410 | Alexandria Independent School District 206, Douglas County, Minnesota, General Obligation Bonds, Refunding School Building Series 2017A, 5.000%, 2/01/30 | 2/28 at 100.00 | Aa2 | 1,762,951 | ||
1,180 | Annandale Independent School District 876, Wright and Stearns Counties, Minnesota, General Obligation Bonds, Refunding School Building Series 2020A, 4.000%, 2/01/28 | No Opt. Call | Aa2 | 1,410,006 | ||
1,110 | Annandale, Minnesota, General Obligation Bonds, Temporary Improvement Series 2020A, 2.000%, 2/01/23 | 10/21 at 100.00 | AA- | 1,111,565 | ||
Anoka-Hennepin Independent School District 11, Coon Rapids, Minnesota, General Obligation Bonds, School Building Series 2020A: | ||||||
1,475 | 3.000%, 2/01/34 | 2/28 at 100.00 | AAA | 1,629,860 | ||
1,355 | 3.000%, 2/01/43 | 2/28 at 100.00 | AAA | 1,467,993 | ||
2,110 | Austin Independent School District 492, Mower and Freeborn Counties, Minnesota, General Obligation Bonds, Refunding School Building Series 2020A, 4.000%, 2/01/28 | 2/27 at 100.00 | Aa2 | 2,463,531 |
32
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$375 | Becker Independent School District 726, Minnesota, General Obligation Bonds, Refunding Series 2020A, 5.000%, 2/01/22 | No Opt. Call | Aa2 | $382,196 | ||
590 | Becker, Minnesota, General Obligation Bonds, Street Reconstruction, Series 2021A, 4.000%, 2/01/28 | No Opt. Call | A1 | 705,003 | ||
2,105 | Bemidji, Minnesota, General Obligation Bonds, Refunding Sales Tax Series 2017A, 4.000%, 2/01/29 – AGM Insured | 2/28 at 100.00 | AA | 2,482,700 | ||
2,000 | Bloomington Independent School District 271, Hennepin County, Minnesota, General Obligation Bonds, Facilities Maintenance, Series 2017A, 4.000%, 2/01/40 | 2/27 at 100.00 | AAA | 2,257,380 | ||
2,390 | Bloomington Independent School District 271, Hennepin County, Minnesota, General Obligation Bonds, Facilities Maintenance, Series 2020A, 2.000%, 2/01/28 | No Opt. Call | AAA | 2,559,857 | ||
1,570 | Brainerd Independent School District 181, Crow Wing County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018C, 5.000%, 2/01/27 | 2/26 at 100.00 | AAA | 1,878,646 | ||
Brainerd Independent School District 181, Crow Wing County, Minnesota, General Obligation Bonds, School Building Series 2018A: | ||||||
3,500 | 4.000%, 2/01/38 | 2/27 at 100.00 | AAA | 3,982,370 | ||
3,825 | 4.000%, 2/01/42 | 2/27 at 100.00 | AAA | 4,322,977 | ||
1,000 | 4.000%, 2/01/43 | 2/27 at 100.00 | AAA | 1,128,660 | ||
Brooklyn Center Independent School District 286, Minnesota, General Obligation Bonds, Series 2018A: | ||||||
1,090 | 4.000%, 2/01/36 | 2/27 at 100.00 | Aa2 | 1,244,715 | ||
1,880 | 4.000%, 2/01/38 | 2/27 at 100.00 | Aa2 | 2,139,102 | ||
2,715 | 4.000%, 2/01/41 | 2/27 at 100.00 | Aa2 | 3,074,113 | ||
2,260 | 4.000%, 2/01/42 | 2/27 at 100.00 | Aa2 | 2,554,229 | ||
230 | Chaska, Minnesota, General Obligation Bonds, Series 2020C, 5.000%, 2/01/30 | No Opt. Call | AA | 302,855 | ||
1,160 | Chisago Lakes, Minnesota, Independent School District 2144, General Obligation Bonds, School Building Series 2017A, 3.000%, 2/01/32 | 2/27 at 100.00 | AAA | 1,259,690 | ||
Cloquet Independent School District 94, Carlton and Sant Louis Counties, Minnesota, General Obligation Bonds, School Building Series 2015B: | ||||||
1,000 | 5.000%, 2/01/27 | 2/25 at 100.00 | Aa2 | 1,158,080 | ||
1,000 | 4.000%, 2/01/36 | 2/25 at 100.00 | Aa2 | 1,099,440 | ||
1,100 | Dakota County Community Development Agency, Minnesota, Governmental Housing Development General Obligation Bonds, Series 2015A, 4.000%, 1/01/42 | 1/23 at 100.00 | Aaa | 1,138,467 | ||
Dawson-Boyd Independent School District 378, Yellow Medicine County, Minnesota, General Obligation Bonds, School Building Series 2019A: | ||||||
1,145 | 4.000%, 2/01/31 | 2/28 at 100.00 | AAA | 1,346,657 | ||
1,145 | 4.000%, 2/01/32 | 2/28 at 100.00 | AAA | 1,342,455 | ||
500 | Dilworth-Glyndon-Felton Independent School District 2164, Clay County, Minnesota, General Obligation Bonds, School Building Series 2020A, 3.000%, 2/01/35 | 2/26 at 100.00 | AAA | 536,885 |
33
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Duluth Independent School District 709, Saint Louis County, Minnesota, General Obligation Bonds, Capital Appreciation Series 2021C: | ||||||
$1,325 | 0.000%, 2/01/31 | 2/28 at 94.48 | Aa2 | $1,106,441 | ||
1,480 | 0.000%, 2/01/32 | 2/28 at 92.24 | Aa2 | 1,195,751 | ||
535 | 0.000%, 2/01/33 | 2/28 at 89.86 | Aa2 | 418,038 | ||
595 | Duluth, Minnesota, General Obligation Bonds, Refunding Capital Improvement Series 2019C, 5.000%, 2/01/32 | 2/29 at 100.00 | AA | 757,417 | ||
2,130 | Duluth, Minnesota, General Obligation Bonds, Refunding DECC Improvement Series 2016A, 5.000%, 2/01/32 | 2/26 at 100.00 | AA | 2,531,271 | ||
1,500 | Eden Prairie Independent School District 272, Hennepin County, Minnesota, General Obligation Bonds, School Building Series 2019B, 4.000%, 2/01/31 | 2/28 at 100.00 | Aa2 | 1,760,130 | ||
1,250 | Eveleth-Gilbert Public Schools Independent School District 2154, Saint Louis County, Minnesota, General Obligation Bonds, Series 2019A, 5.000%, 2/01/30 | 2/28 at 100.00 | AAA | 1,566,438 | ||
Forest Lake, Washington County, Minnesota, General Obligation Bonds, Series 2019A: | ||||||
2,145 | 5.000%, 2/01/29 | No Opt. Call | AA+ | 2,793,090 | ||
1,960 | 4.000%, 2/01/32 | 2/29 at 100.00 | AA+ | 2,356,096 | ||
480 | Fridley, Minnesota, General Obligation Bonds, Capital Improvement Plan, Series 2017, 3.250%, 2/01/34 | 2/26 at 100.00 | Aa2 | 521,333 | ||
700 | Greenway Independent School District 316, Itasca County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2019F, 0.000%, 2/01/30 | 2/26 at 90.86 | AAA | 603,267 | ||
1,300 | Hennepin County Regional Railroad Authority, Minnesota, General Obligation Bonds, Refunding Limited Tax Series 2019D, 5.000%, 12/01/26 | No Opt. Call | AAA | 1,606,202 | ||
700 | Hennepin County, Minnesota, General Obligation Bonds, Sales Tax Series 2019B, 5.000%, 12/15/26 | No Opt. Call | AAA | 865,459 | ||
Hennepin County, Minnesota, General Obligation Bonds, Series 2020A: | ||||||
1,000 | 5.000%, 12/01/34 | 12/30 at 100.00 | AAA | 1,338,700 | ||
1,390 | 5.000%, 12/01/35 | 12/30 at 100.00 | AAA | 1,855,400 | ||
3,290 | Hennepin County, Minnesota, General ObligationBons, Sales Tax Series 2020C, 5.000%, 12/15/26 | No Opt. Call | AAA | 4,067,657 | ||
1,390 | Hutchinson Independent School District 423, McLeod, Meeker, Renville Counties, Minnesota, General Obligation Bonds, School Building Series 2016A, 5.000%, 2/01/28 | 2/26 at 100.00 | Aa2 | 1,661,245 | ||
5,000 | Independent School District 621, Mounds View, Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/42 | 2/27 at 100.00 | AAA | 5,664,900 | ||
1,380 | Independent School District 625, St Paul, Minnesota, General Obligation Bonds, Minnesota School District Credit Enhancement Program, Refunding Series 2020D, 3.000%, 2/01/30 | 2/29 at 100.00 | AAA | 1,578,278 | ||
1,000 | Itasca County Independent School District 318, Minnesota, General Obligation Bonds, Series 2018A, 5.000%, 2/01/29 | 2/27 at 100.00 | AAA | 1,221,180 | ||
La Crescent, Minnesota, General Obligation Bonds, Series 2019B: | ||||||
170 | 4.000%, 2/01/25 | No Opt. Call | A1 | 189,815 | ||
165 | 4.000%, 2/01/26 | No Opt. Call | A1 | 188,610 | ||
100 | 4.000%, 2/01/27 | No Opt. Call | A1 | 116,783 | ||
335 | La Crescent, Minnesota, General Obligation Bonds, Series 2020A, 4.000%, 2/01/27 | No Opt. Call | A1 | 391,223 |
34
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$500 | La Crescent-Hokah Independent School District 300, Houston and Winona Counties, Minnesota, General Obligation Bonds, School Building & Maintenance Series 2019A, 4.000%, 2/01/30 | 2/27 at 100.00 | Aa2 | $573,010 | ||
Lake City Independent School District 813, Goodhue and Wabasha Counties, Minnesota, General Obligation Bonds, Refunding Series 2019A: | ||||||
1,330 | 5.000%, 2/01/27 | No Opt. Call | AAA | 1,643,348 | ||
1,140 | 3.000%, 2/01/28 | 2/27 at 100.00 | AAA | 1,266,301 | ||
Lake Crystal, Minnesota, General Obligation Bonds, Series 2019A: | ||||||
145 | 3.000%, 12/15/27 | No Opt. Call | AA | 163,912 | ||
145 | 3.000%, 12/15/28 | 12/27 at 100.00 | AA | 162,709 | ||
160 | 3.000%, 12/15/29 | 12/27 at 100.00 | AA | 178,600 | ||
315 | 3.000%, 12/15/30 | 12/27 at 100.00 | AA | 349,304 | ||
370 | Lakeview Independent School District 2167, Lyon and Yellow Counties, Minnesota, General Obligation Bonds, Lakeview Public Schools Building Series 2021A, 4.000%, 2/01/30 | 2/29 at 100.00 | AAA | 448,962 | ||
4,100 | Lakeville Independent School District 194, Dakota County, Minnesota, General Obligation Bonds, School Building & Facilities Maintenance Series 2020A, 3.000%, 2/01/29 | 2/28 at 100.00 | Aa2 | 4,647,678 | ||
Lester Prairie Independent School District 424, McLeaod County, Minnesota, General Obligation Bonds, School Building Series 2019A: | ||||||
590 | 5.000%, 2/01/28 | No Opt. Call | Aa2 | 747,630 | ||
590 | 4.000%, 2/01/31 | 2/29 at 100.00 | Aa2 | 711,770 | ||
Maccray Independent School District 2180, Chippewa, Kandiyohi and Renville Counties, Minnesota, General Obligation Bonds, School Building Series 2020A: | ||||||
1,965 | 4.000%, 2/01/28 | No Opt. Call | Aa2 | 2,360,240 | ||
2,040 | 3.000%, 2/01/29 | 2/28 at 100.00 | Aa2 | 2,300,263 | ||
Madison, Minnesota, General Obligation Bonds, Refunding Series 2015A: | ||||||
660 | 3.600%, 1/01/35 – AGM Insured | 1/23 at 100.00 | AA | 685,832 | ||
500 | 4.000%, 1/01/45 – AGM Insured | 1/23 at 100.00 | AA | 519,430 | ||
Mankato Independent School District 77, Nicollet and Le Sueur Counties, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2020A: | ||||||
715 | 4.000%, 2/01/29 | No Opt. Call | Aa2 | 873,894 | ||
645 | 4.000%, 2/01/38 | 2/29 at 100.00 | Aa2 | 762,642 | ||
Maple River Independent School District 2135, Minnesota, General Obligation Bonds, School Building Series 2020A: | ||||||
425 | 4.000%, 2/01/31 | 2/30 at 100.00 | AAA | 522,096 | ||
245 | 4.000%, 2/01/32 | 2/30 at 100.00 | AAA | 299,777 | ||
2,250 | 4.000%, 2/01/45 | 2/30 at 100.00 | AAA | 2,658,150 | ||
1,500 | 4.000%, 2/01/50 | 2/30 at 100.00 | AAA | 1,763,940 | ||
1,300 | Marshall Independent School District 413, Lyon County, Minnesota, General Obligation Bonds, School Building Series 2019B, 4.000%, 2/01/28 | No Opt. Call | Aa2 | 1,556,087 | ||
1,000 | Metropolitan Council Minneapolis- Saint Paul Metropolitan Area, Minnesota, General Obligation Bonds, Grant Anticipation Note Series 2021C, 5.000%, 12/01/28 | No Opt. Call | AAA | 1,301,980 |
35
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$1,780 | Metropolitan Council Minneapolis- Saint Paul Metropolitan Area, Minnesota, General Obligation Bonds, Refunding Transit Series 2020D, 5.000%, 3/01/28 | No Opt. Call | AAA | $2,274,591 | ||
585 | Milaca Independent School District 912, Millie Lacs, Morrison, Benton, Kanabec and Isanti Counties, Minnesota, General Obligation Bonds, Refunding Alternative Facilities Crossover Series 2014B, 4.000%, 2/01/26 | 2/24 at 100.00 | Aa2 | 635,064 | ||
Minneapolis Special School District 1, Hennepin County, Minnesota, General Obligation Bonds, Long-Term Facilities Maintenance Series 2017B: | ||||||
1,240 | 5.000%, 2/01/28 | No Opt. Call | AAA | 1,573,957 | ||
1,495 | 4.000%, 2/01/36 | 2/28 at 100.00 | AAA | 1,749,853 | ||
Minneapolis Special School District 1, Hennepin County, Minnesota, General Obligation Bonds, Long-Term Facilities Maintenance Series 2019B: | ||||||
1,475 | 5.000%, 2/01/29 | No Opt. Call | AAA | 1,918,193 | ||
1,570 | 5.000%, 2/01/30 | 2/29 at 100.00 | AAA | 2,027,325 | ||
2,060 | 4.000%, 2/01/35 | 2/29 at 100.00 | AAA | 2,463,822 | ||
1,090 | Minneapolis Special School District 1, Hennepin County, Minnesota, General Obligation Bonds, School Building Series 2020B, 5.000%, 2/01/29 | No Opt. Call | AAA | 1,417,512 | ||
2,195 | Minneapolis, Minnesota, General Obligation Bonds, Improvement & Various Purpose Series 2018, 4.000%, 12/01/35 | 12/26 at 100.00 | AAA | 2,543,061 | ||
1,000 | Minnesota State, General Obligation Bonds, Refunding Various Purpose Series 2016D, 2.250%, 8/01/29 | 8/26 at 100.00 | AAA | 1,067,160 | ||
7,015 | Minnesota State, General Obligation Bonds, State Trunk Highway Series 2020B, 4.000%, 8/01/29 | No Opt. Call | AAA | 8,750,511 | ||
500 | Minnesota State, General Obligation Bonds, Various Purpose Refunding Series 2013F, 5.000%, 10/01/21 | No Opt. Call | AAA | 501,985 | ||
500 | Minnesota State, General Obligation Bonds, Various Purpose Series 2013D, 3.000%, 10/01/26 | 10/23 at 100.00 | AAA | 528,395 | ||
3,130 | Minnesota State, General Obligation Bonds, Various Purpose Series 2017A, 5.000%, 10/01/29 | 10/27 at 100.00 | AAA | 3,927,774 | ||
1,515 | Minnesota State, General Obligation Bonds, Various Purpose Series 2018A, 5.000%, 8/01/34 | 8/28 at 100.00 | AAA | 1,938,397 | ||
Minnesota State, General Obligation Bonds, Various Purpose Series 2019A: | ||||||
2,745 | 5.000%, 8/01/32 | 8/29 at 100.00 | AAA | 3,590,542 | ||
155 | 5.000%, 8/01/36 | 8/29 at 100.00 | AAA | 201,133 | ||
2,425 | Minnesota State, General Obligation Bonds, Various Purpose Series 2020A, 5.000%, 8/01/36 | 8/30 at 100.00 | AAA | 3,209,512 | ||
Montgomery Independent School District 2905, Minnesota, General Obligation Bonds, School Building Series 2018A: | ||||||
250 | 4.000%, 2/01/32 | 2/25 at 100.00 | Aa2 | 281,040 | ||
500 | 4.000%, 2/01/36 | 2/25 at 100.00 | Aa2 | 562,265 | ||
Moorhead Independent School District 152, Clay County, Minnesota, General Obligation Bonds, School Building Series 2020A: | ||||||
2,070 | 3.000%, 2/01/43 | 2/28 at 100.00 | Aa2 | 2,222,994 | ||
1,100 | 3.000%, 2/01/44 | 2/28 at 100.00 | Aa2 | 1,179,233 |
36
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Mora Independent School District 332, Kanabec County, Minnesota, General Obligation Bonds, School Building Series 2020A: | ||||||
$2,620 | 4.000%, 2/01/28 | No Opt. Call | AAA | $3,137,922 | ||
1,085 | 3.000%, 2/01/29 | 2/28 at 100.00 | AAA | 1,214,809 | ||
1,850 | 3.000%, 2/01/30 | 2/28 at 100.00 | AAA | 2,054,296 | ||
300 | Mountain Lake, Minnesota, General Obligation Bonds, Series 2017B, 4.000%, 2/01/43 | 2/25 at 100.00 | A+ | 323,040 | ||
2,735 | New Prague Independent School District 721, Scott County, Minnesota, General Obligation Bonds, Refunding School Building Series 2020A, 5.000%, 2/01/23 | No Opt. Call | Aa2 | 2,922,566 | ||
2,000 | North Saint Paul-Maplewood-Oakdale Independent School District 622, Ramsey County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018A, 3.375%, 2/01/35 | 2/27 at 100.00 | Aa2 | 2,215,620 | ||
595 | North Saint Paul-Maplewood-Oakdale Independent School District 622, Ramsey County, Minnesota, General Obligation Bonds, Refunding Alternate Facilities Series 2019C, 4.000%, 2/01/30 | 2/28 at 100.00 | Aa2 | 706,616 | ||
1,600 | North Saint Paul-Maplewood-Oakdale Independent School District 622, Ramsey County, Minnesota, General Obligation Bonds, School Building Series 2019A, 5.000%, 2/01/32 | 2/28 at 100.00 | Aa2 | 1,991,168 | ||
1,080 | Pillager Independent School District 116, Cass and Morrison Counties, Minnesota, General Obligation Bonds, Refunding School Building Series 2020A, 4.000%, 2/01/29 | 2/28 at 100.00 | AAA | 1,284,844 | ||
1,360 | Pillager Independent School District 116, Cass and Morrison Counties, Minnesota, General Obligation Bonds, School Building Series 2019A, 3.000%, 2/01/33 | 2/28 at 100.00 | AAA | 1,493,634 | ||
1,205 | Pipestone-Jasper Independent School District 2689, Minnesota, General Obligation Bonds, Series 2019A, 5.000%, 2/01/29 | No Opt. Call | AAA | 1,567,066 | ||
300 | Rice Lake, Minnesota, General Obligation Bonds, Refunding Series 2021A, 4.000%, 2/01/28 | No Opt. Call | A1 | 358,065 | ||
4,000 | Richfield Independent School District 280, Hennepin County, Minnesota, General Obligation Bonds, School Buildings Series 2018A, 4.000%, 2/01/40 | 2/27 at 100.00 | AAA | 4,514,760 | ||
1,250 | Robbinsdale Independent School District 281, Hennepin County, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018A, 3.000%, 2/01/30 | 8/26 at 100.00 | Aa2 | 1,369,225 | ||
2,825 | Rosemount Independent School District 196, Dakota County, Minnesota, General Obligation Bonds, School Building Series 2016A, 5.000%, 2/01/27 | 2/26 at 100.00 | AAA | 3,384,491 | ||
Roseville Independent School District 623, Ramsey County, Minnesota, General Obligation Bonds, School Building Series 2018A: | ||||||
3,250 | 5.000%, 2/01/30 | 2/27 at 100.00 | Aa2 | 3,951,480 | ||
2,500 | 4.000%, 2/01/35 | 2/27 at 100.00 | Aa2 | 2,841,125 | ||
1,500 | Roseville Independent School District 623, Ramsey County, Minnesota, General Obligation Bonds, Series 1994, 4.000%, 2/01/37 | 2/27 at 100.00 | Aa2 | 1,696,935 | ||
Russell-Tyler-Ruthton Public Schools Independent School District 2902, Minnesota, General Obligation Bonds, Series 2019A: | ||||||
1,620 | 5.000%, 2/01/30 | 2/29 at 100.00 | AAA | 2,091,890 | ||
1,700 | 4.000%, 2/01/31 | 2/29 at 100.00 | AAA | 2,044,148 | ||
1,010 | Saint Cloud, Minnesota, General Obligation Bonds, Refunding Tax Abatement Series 2021C, 4.000%, 10/01/31 (WI/DD, Settling 9/23/21) | 10/30 at 100.00 | AA+ | 1,269,398 |
37
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$575 | Saint Francis Independent School District 15, Minnesota, General Obligation Bonds, School Building Series 2018A, 4.000%, 2/01/35 | 2/23 at 100.00 | Aa2 | $600,185 | ||
1,000 | Saint James Independent School District 840, Minnesota, General Obligation Bonds, School Building Series 2015B, 4.000%, 2/01/45 | 2/26 at 100.00 | AAA | 1,102,820 | ||
255 | Saint Joseph, Minnesota, General Obligation Bonds, Series 2021A, 4.000%, 12/15/29 (WI/DD, Settling 9/14/21) | No Opt. Call | AA- | 314,724 | ||
Saint Michael Independent School District 885, Wright County, Minnesota, General Obligation Bonds, School Building Series 2017A: | ||||||
1,340 | 4.000%, 2/01/28 | 2/26 at 100.00 | Aa2 | 1,533,188 | ||
1,400 | 4.000%, 2/01/30 | 2/26 at 100.00 | Aa2 | 1,593,536 | ||
1,885 | 3.200%, 2/01/32 | 2/26 at 100.00 | Aa2 | 2,050,955 | ||
615 | Saint Paul Public Library Agency, Minnesota, General Obligation Bonds, Refunding Series 2021D, 4.000%, 10/01/31 | 10/30 at 100.00 | AAA | 766,075 | ||
1,515 | Saint Paul, Minnesota, General Obligation Bonds, Refunding Street Reconstruction Series 2021C, 5.000%, 5/01/30 | No Opt. Call | AAA | 2,035,706 | ||
1,940 | Saint Paul, Minnesota, General Obligation Bonds, Refunding Various Purpose Series 2021A, 5.000%, 3/01/28 | No Opt. Call | AAA | 2,479,048 | ||
Shakopee Independent School District 720, Scott County, Minnesota, General Obligation Bonds, Capital Facilities Series 2020A: | ||||||
250 | 4.000%, 2/01/33 | 2/27 at 100.00 | Aa2 | 284,990 | ||
425 | 4.000%, 2/01/34 | 2/27 at 100.00 | Aa2 | 482,911 | ||
3,390 | Shakopee Independent School District 720, Scott County, Minnesota, General Obligation Bonds, Series 2013A, 3.000%, 2/01/25 | 2/23 at 100.00 | Aa2 | 3,521,837 | ||
2,500 | Sibley East Independent School District 2310, Sibley, Minnesota, General Obligation Bonds, School Building Series 2015A, 4.000%, 2/01/40 | 2/25 at 100.00 | Aa2 | 2,736,525 | ||
420 | Sleepy Eye, Minnesota, General Obligation Bonds, Refunding Series 2020A, 4.000%, 2/01/28 | No Opt. Call | AA | 500,422 | ||
South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2018A: | ||||||
1,330 | 4.000%, 2/01/31 | 2/27 at 100.00 | Aa2 | 1,536,403 | ||
670 | 4.000%, 2/01/33 | 2/27 at 100.00 | Aa2 | 770,205 | ||
South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Facilities Maintenance Series 2020A: | ||||||
1,575 | 5.000%, 2/01/28 | No Opt. Call | Aa2 | 2,001,447 | ||
1,575 | 4.000%, 2/01/29 | 2/28 at 100.00 | Aa2 | 1,879,133 | ||
700 | 4.000%, 2/01/30 | 2/28 at 100.00 | Aa2 | 829,878 | ||
1,000 | South Washington County Independent School District 833, Minnesota, General Obligation Bonds, School Building Series 2016A, 4.000%, 2/01/29 | 2/26 at 100.00 | Aa2 | 1,141,060 | ||
500 | Spring Lake Independent School District 16, Anoka County, Minnesota, General Obligation Bonds, Refunding Series 2015A, 4.000%, 2/01/22 | No Opt. Call | Aa2 | 508,140 |
38
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Swift County-Benson Hospital Disrict, Minnesota, Congregate Senior Revenue Bonds, Series 2020A: | ||||||
$150 | 4.000%, 2/01/25 | No Opt. Call | AA- | $167,646 | ||
330 | 4.000%, 2/01/28 | No Opt. Call | AA- | 392,964 | ||
345 | 4.000%, 2/01/29 | No Opt. Call | AA- | 417,540 | ||
600 | Thief River Falls Independent School District 564, Minnesota, General Obligation Bonds, Refunding Series 2020D, 4.000%, 2/01/26 | No Opt. Call | Aa2 | 692,076 | ||
Virginia, Minnesota, General Obligation Bonds, Sales Tax Series 2020A: | ||||||
535 | 4.000%, 2/01/31 – AGM Insured | 2/28 at 100.00 | AA | 622,034 | ||
500 | 4.000%, 2/01/32 – AGM Insured | 2/28 at 100.00 | AA | 579,525 | ||
815 | 4.000%, 2/01/33 – AGM Insured | 2/28 at 100.00 | AA | 942,213 | ||
655 | 4.000%, 2/01/35 – AGM Insured | 2/28 at 100.00 | AA | 753,656 | ||
245 | 4.000%, 2/01/37 – AGM Insured | 2/28 at 100.00 | AA | 280,412 | ||
2,500 | Waconia Independent School District, Minnesota, General Obligation Bonds, School Building Series 2015B, 3.000%, 2/01/28 | 2/25 at 100.00 | Aa2 | 2,695,500 | ||
1,315 | Waseca Independent School District 829, Steele, Rice, and Waseca Counties, Minnesota, General Obligation Bonds, School Buidling Series 2015A, 4.000%, 2/01/27 | 2/26 at 100.00 | Aa2 | 1,512,316 | ||
1,685 | Watertown-Mayer Independent School District 111, Carver, Hennepin and Wright Counties, Minnesota, General Obligation Bonds, School Building Series 2020A, 0.000%, 2/01/32 | 2/28 at 92.57 | AAA | 1,405,644 | ||
1,220 | West Saint Paul-Mendota Heights-Eagan Independent School District 197, Dakota County, Minnesota, General Obligation Bonds, School Buidling Series 2018A, 4.000%, 2/01/39 | 2/27 at 100.00 | AAA | 1,396,070 | ||
White Bear Lake Independent School District 624, Ramsey County, Minnesota, General Obligation Bonds, School Building Series 2020A: | ||||||
4,820 | 4.000%, 2/01/27 | No Opt. Call | AAA | 5,715,990 | ||
5,000 | 3.000%, 2/01/42 | 2/28 at 100.00 | AAA | 5,413,000 | ||
540 | White Bear, Ramsey County, Minnesota, General Obligation Bonds, Improvement & Unitlity Series 2021A, 5.000%, 2/01/29 | No Opt. Call | AA+ | 700,898 | ||
725 | Wright County, Minnesota, General Obligation Bonds, Refunding Jail Series 2017A, 4.000%, 12/01/21 | No Opt. Call | AA+ | 731,967 | ||
214,790 | Total Tax Obligation/General | 249,680,718 | ||||
Tax Obligation/Limited – 8.1% | ||||||
Alexandria Independent School District 206, Douglas County, Minnesota, General Obligation Bonds, Series 2021A: | ||||||
650 | 3.000%, 2/01/28 (WI/DD, Settling 9/15/21) | No Opt. Call | A2 | 728,468 | ||
265 | 3.000%, 2/01/32 (WI/DD, Settling 9/15/21) | 2/29 at 100.00 | A2 | 291,717 | ||
150 | 3.000%, 2/01/35 (WI/DD, Settling 9/15/21) | 2/29 at 100.00 | A2 | 161,246 | ||
395 | Chaska Independent School District 112, Carver County, Minnesota, Certificates of Participation, Series 2021A, 4.000%, 2/01/31 (WI/DD, Settling 9/02/21) | 2/30 at 100.00 | Aa3 | 479,242 | ||
750 | Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Full Term Series 2019B, 5.000%, 2/01/25 | No Opt. Call | Aa2 | 855,900 |
39
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
$600 | Elbow Lake Economic Development Authority, Minnesota, Lease Revenue Bonds, Grant County Public Project, Series 2017A, 4.200%, 12/15/43 | 12/27 at 100.00 | N/R | $650,610 | ||
135 | Minneapolis, Minnesota, Tax Increment Revenue Bonds, Grant Park Project, Refunding Series 2015, 4.000%, 3/01/30 | 3/23 at 100.00 | N/R | 138,259 | ||
425 | Minneapolis, Minnesota, Tax Increment Revenue Bonds, Village at St Anthony Falls Project, Refunding Series 2015, 4.000%, 3/01/27 | 3/23 at 100.00 | N/R | 436,968 | ||
1,090 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2015C, 3.250%, 8/01/30 | 8/24 at 100.00 | AA+ | 1,164,818 | ||
Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2017A: | ||||||
200 | 4.000%, 8/01/30 | 8/27 at 100.00 | AA+ | 233,628 | ||
475 | 4.000%, 8/01/34 | 8/27 at 100.00 | AA+ | 550,349 | ||
325 | 4.000%, 8/01/35 | 8/27 at 100.00 | AA+ | 376,041 | ||
1,125 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2018D, 4.000%, 8/01/38 | 8/28 at 100.00 | AA+ | 1,311,356 | ||
2,450 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2020A, 4.000%, 8/01/29 | No Opt. Call | AA+ | 3,007,595 | ||
3,105 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2020B, 4.000%, 8/01/32 | 8/30 at 100.00 | AA+ | 3,828,931 | ||
1,000 | Minnesota Housing Finance Agency, Housing Infrastructure State Appropriation Bonds, Series 2020D, 4.000%, 8/01/43 | 8/30 at 100.00 | AA+ | 1,189,896 | ||
Northeast Metropolitan Intermediate School District 916, White Bear Lake, Minnesota, Certificates of Particpation, Series 2015A: | ||||||
1,470 | 3.625%, 2/01/34 | 2/25 at 100.00 | A1 | 1,561,478 | ||
580 | 3.750%, 2/01/36 | 2/25 at 100.00 | A1 | 616,726 | ||
4,600 | Northeast Metropolitan Intermediate School District 916, White Bear Lake, Minnesota, Certificates of Particpation, Series 2015B, 4.000%, 2/01/42 | 2/25 at 100.00 | A1 | 4,927,566 | ||
1,000 | Plymouth Intermediate District 287, Minnesota, Certificates of Participation, Refunding Series 2017A, 4.000%, 2/01/36 | 2/27 at 100.00 | A1 | 1,118,580 | ||
Plymouth Intermediate District 287, Minnesota, Facilities Maintence Bonds, Series 2017B: | ||||||
175 | 4.000%, 5/01/29 | 5/27 at 100.00 | Aa3 | 201,509 | ||
200 | 4.000%, 5/01/32 | 5/27 at 100.00 | Aa3 | 226,940 | ||
100 | 4.000%, 5/01/33 | 5/27 at 100.00 | Aa3 | 113,207 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
4,500 | 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 4,982,130 | ||
3,577 | 4.750%, 7/01/53 | 7/28 at 100.00 | N/R | 4,093,519 | ||
1,010 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 1,169,429 | ||
2,049 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2, 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 2,329,262 |
40
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
Rosemount Independent School District 196, Dakota County, Minnesota, Certificates of Participation, Series 2021A: | ||||||
$835 | 3.000%, 4/01/24 | No Opt. Call | Aa3 | $890,953 | ||
865 | 3.000%, 4/01/25 | No Opt. Call | Aa3 | 941,414 | ||
945 | 3.000%, 4/01/28 | No Opt. Call | Aa3 | 1,069,664 | ||
1,215 | Roseville Independent School District 623, Ramsey County, Minnesota, Certificates of Participation, Series 2021A, 5.000%, 4/01/30 | No Opt. Call | Baa2 | 1,624,261 | ||
Saint Cloud Independent School District 742, Stearns County, Minnesota, Certificates of Participation, Saint Cloud Area Public Schools, Series 2017A: | ||||||
355 | 5.000%, 2/01/32 | 2/25 at 100.00 | A1 | 405,644 | ||
520 | 5.000%, 2/01/34 | 2/25 at 100.00 | A1 | 593,050 | ||
Saint Paul Housing and Redevelopment Authority, Minnesota, Multifamily Housing Revenue Bonds, 2700 University at Westgate Station, Series 2015B: | ||||||
310 | 4.250%, 4/01/25 | 4/23 at 100.00 | N/R | 318,448 | ||
430 | 4.875%, 4/01/30 | 4/23 at 100.00 | N/R | 440,668 | ||
1,665 | 5.250%, 4/01/43 | 4/23 at 100.00 | N/R | 1,694,454 | ||
2,670 | Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2018B, 3.375%, 2/01/35 | 2/27 at 100.00 | AAA | 2,940,231 | ||
Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2019B: | ||||||
1,005 | 4.000%, 2/01/36 | 2/29 at 100.00 | AAA | 1,194,010 | ||
1,000 | 4.000%, 2/01/37 | 2/29 at 100.00 | AAA | 1,184,940 | ||
Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2020C: | ||||||
3,325 | 4.000%, 2/01/30 | 2/28 at 100.00 | AAA | 3,950,998 | ||
2,840 | 3.000%, 2/01/36 | 2/28 at 100.00 | AAA | 3,103,580 | ||
White Bear Lake Independent School District 624, Ramsey County, Minnesota, Certificates of Participation, Series 2020B: | ||||||
745 | 5.000%, 4/01/24 | No Opt. Call | A+ | 831,912 | ||
900 | 4.000%, 4/01/28 | No Opt. Call | A+ | 1,068,462 | ||
Zumbro Education District 6012, Minnesota, Certificates of Participation Series 2021A: | ||||||
280 | 4.000%, 2/01/32 | 2/31 at 100.00 | Baa1 | 334,230 | ||
250 | 4.000%, 2/01/34 | 2/31 at 100.00 | Baa1 | 296,500 | ||
425 | 4.000%, 2/01/38 | 2/31 at 100.00 | Baa1 | 497,951 | ||
700 | 4.000%, 2/01/41 | 2/31 at 100.00 | Baa1 | 812,371 | ||
53,681 | Total Tax Obligation/Limited | 60,939,111 | ||||
Transportation – 5.4% | ||||||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Senior Lien Series 2016A: | ||||||
1,050 | 5.000%, 1/01/28 | 1/27 at 100.00 | AA- | 1,283,436 | ||
390 | 5.000%, 1/01/31 | 1/27 at 100.00 | AA- | 473,288 |
41
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Transportation (continued) | ||||||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014A: | ||||||
$200 | 5.000%, 1/01/25 | 1/24 at 100.00 | A+ | $222,096 | ||
2,000 | 5.000%, 1/01/31 | 1/24 at 100.00 | A+ | 2,214,040 | ||
1,175 | 5.000%, 1/01/32 | 1/24 at 100.00 | A+ | 1,299,291 | ||
200 | 5.000%, 1/01/33 | 1/24 at 100.00 | A+ | 221,156 | ||
750 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014B, 5.000%, 1/01/26 (AMT) | 1/24 at 100.00 | A+ | 829,155 | ||
270 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2016B, 5.000%, 1/01/22 | No Opt. Call | A+ | 274,147 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2019A: | ||||||
30 | 5.000%, 1/01/31 | 7/29 at 100.00 | A+ | 38,524 | ||
70 | 5.000%, 1/01/37 | 7/29 at 100.00 | A+ | 88,460 | ||
1,250 | 5.000%, 1/01/44 | 7/29 at 100.00 | A+ | 1,555,825 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2019B: | ||||||
1,570 | 5.000%, 1/01/30 (AMT) | 7/29 at 100.00 | A+ | 2,027,262 | ||
2,000 | 5.000%, 1/01/35 (AMT) | 7/29 at 100.00 | A+ | 2,536,660 | ||
1,225 | 5.000%, 1/01/38 (AMT) | 7/29 at 100.00 | A+ | 1,540,499 | ||
2,215 | 5.000%, 1/01/39 (AMT) | 7/29 at 100.00 | A+ | 2,779,072 | ||
3,000 | 5.000%, 1/01/44 (AMT) | 7/29 at 100.00 | A+ | 3,726,510 | ||
8,500 | 5.000%, 1/01/49 (AMT) | 7/29 at 100.00 | A+ | 10,498,010 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Senior Lien Series 2016C: | ||||||
125 | 5.000%, 1/01/33 | 1/27 at 100.00 | AA- | 151,258 | ||
1,630 | 5.000%, 1/01/37 | 1/27 at 100.00 | AA- | 1,964,949 | ||
5,580 | 5.000%, 1/01/46 | 1/27 at 100.00 | AA- | 6,711,512 | ||
475 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Subordinate Lien Series 2016D, 5.000%, 1/01/34 (AMT) | 1/27 at 100.00 | A+ | 569,687 | ||
33,705 | Total Transportation | 41,004,837 | ||||
U.S. Guaranteed – 2.0% (5) | ||||||
1,135 | Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy PRoject, Series 2013A, 5.500%, 7/01/43 (Pre-refunded 7/01/23) | 7/23 at 100.00 | N/R | 1,241,769 | ||
2,000 | Mankato Independent School District 77, Nicollet and Le Sueur Counties, Minnesota, General Obligation Bonds, School Building Series 2014A, 4.000%, 2/01/28 (Pre-refunded 2/01/24) | 2/24 at 100.00 | AAA | 2,181,000 | ||
Minnesota Higher Education Facilities Authority, Revenue Bonds, Hamline University, Series 2011-7K1: | ||||||
625 | 6.000%, 10/01/32 (Pre-refunded 10/01/21) | 10/21 at 100.00 | Baa3 | 627,906 | ||
2,000 | 6.000%, 10/01/40 (Pre-refunded 10/01/21) | 10/21 at 100.00 | Baa3 | 2,009,300 |
42
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed (5) (continued) | ||||||
$720 | Otter Tail County, Minnesota, General Obligation Bonds, Capital Improvement Series 2016A, 3.000%, 2/01/23 (ETM) | No Opt. Call | AA | $749,146 | ||
555 | Rice County, Minnesota Educational Facility Revenue Bonds, Shattuck, Saint Mary's School Project, Series 2015, 5.000%, 8/01/22 (ETM), 144A | No Opt. Call | BB | 579,309 | ||
1,600 | St Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, HealthEast Inc, Series 2015A, 5.000%, 11/15/40 (Pre-refunded 11/15/25) | 11/25 at 100.00 | N/R | 1,905,680 | ||
3,715 | Western Minnesota Municipal Power Agency, Minnesota, Power Supply Revenue Bonds, Series 2014A, 5.000%, 1/01/46 (Pre-refunded 1/01/24) | 1/24 at 100.00 | Aa3 | 4,134,015 | ||
1,530 | Worthington Independent School District 518, Nobles County, Minnesota, Certificates of Participation, Series 2017A, 4.000%, 2/01/42 (Pre-refunded 2/01/26) | 2/26 at 100.00 | A+ | 1,762,744 | ||
13,880 | Total U.S. Guaranteed | 15,190,869 | ||||
Utilities – 8.8% | ||||||
300 | Elk River, Minnesota, Electric Revenue Bonds, Series 2021B, 5.000%, 8/01/28 | No Opt. Call | Aa3 | 383,691 | ||
1,240 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016, 5.000%, 1/01/46 | 7/26 at 100.00 | A- | 1,401,572 | ||
135 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2020A, 5.000%, 1/01/50 | 7/30 at 100.00 | A- | 165,518 | ||
235 | Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34 | 10/22 at 100.00 | BBB | 245,002 | ||
500 | Minnesota Municipal Power Agency, Electric Revenue Bonds, Refunding Series 2014, 4.000%, 10/01/21 | No Opt. Call | A1 | 501,540 | ||
Minnesota Municipal Power Agency, Electric Revenue Bonds, Refunding Series 2014A: | ||||||
1,000 | 4.000%, 10/01/31 | 10/24 at 100.00 | A1 | 1,092,880 | ||
1,000 | 4.000%, 10/01/32 | 10/24 at 100.00 | A1 | 1,091,490 | ||
2,250 | Minnesota Municipal Power Agency, Electric Revenue Bonds, Series 2016, 5.000%, 10/01/47 | 10/26 at 100.00 | A1 | 2,667,600 | ||
1,690 | Minnesota Public Facilities Authority, State Clean Water Revolving Fund Revenue Bonds, Series 2016A, 5.000%, 3/01/25 | No Opt. Call | AAA | 1,970,117 | ||
3,500 | Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding Series 2017A, 5.000%, 12/01/47 | 12/26 at 100.00 | AA | 4,154,255 | ||
Saint Paul Housing and Redevelopment Authority, Minnesota, District Energy Revenue Bonds, Refunding Series 2017A: | ||||||
390 | 4.000%, 10/01/28 | 10/27 at 100.00 | A- | 454,151 | ||
675 | 4.000%, 10/01/33 | 10/27 at 100.00 | A- | 766,247 | ||
Saint Paul Housing and Redevelopment Authority, Minnesota, District Energy Revenue Bonds, Refunding Series 2017B: | ||||||
355 | 4.000%, 10/01/28 | 10/27 at 100.00 | A- | 413,394 | ||
270 | 4.000%, 10/01/29 | 10/27 at 100.00 | A- | 312,147 | ||
2,000 | Saint Paul Port Authority, Minnesota, District Energy Revenue Bonds, Series 2017-3, 4.000%, 10/01/42 | 10/27 at 100.00 | A- | 2,223,320 | ||
1,180 | Saint Paul Port Authority, Minnesota, District Energy Revenue Bonds, Series 2017-4, 4.000%, 10/01/40 (AMT) | 10/27 at 100.00 | A- | 1,300,608 |
43
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utilities (continued) | ||||||
Saint Paul Port Authority, Minnesota, District Energy Revenue Bonds, Series 2021-1 501 C3: | ||||||
$300 | 3.000%, 10/01/34 | 10/27 at 100.00 | A- | $319,257 | ||
675 | 4.000%, 10/01/41 | 10/27 at 100.00 | A- | 751,896 | ||
1,100 | Saint Paul Port Authority, Minnesota, District Energy Revenue Bonds, Series 2021-2, 4.000%, 10/01/40 (AMT) | 10/27 at 100.00 | A- | 1,212,431 | ||
1,075 | Southern Minnesota Municipal Power Agency Power Supply System Revenue Bonds, Series 2015A, 5.000%, 1/01/27 | 1/26 at 100.00 | AA- | 1,282,883 | ||
Southern Minnesota Municipal Power Agency, Power Supply System Revenue Bonds, Series 1994A: | ||||||
755 | 0.000%, 1/01/22 – NPFG Insured | No Opt. Call | A+ | 754,615 | ||
3,055 | 0.000%, 1/01/23 – NPFG Insured | No Opt. Call | A+ | 3,042,016 | ||
10,530 | 0.000%, 1/01/24 – NPFG Insured | No Opt. Call | A+ | 10,407,431 | ||
5,005 | 0.000%, 1/01/25 – NPFG Insured | No Opt. Call | A+ | 4,893,188 | ||
7,255 | 0.000%, 1/01/26 – NPFG Insured | No Opt. Call | A+ | 6,989,685 | ||
Thief River Falls, Minnesota, Electric Revenue Bonds, Series 2018A: | ||||||
230 | 4.000%, 2/01/35 – AGM Insured | 2/26 at 100.00 | AA | 256,807 | ||
260 | 4.000%, 2/01/38 – AGM Insured | 2/26 at 100.00 | AA | 288,818 | ||
13,765 | Western Minnesota Municipal Power Agency, Minnesota, Power Supply Revenue Bonds, Series 2018A, 5.000%, 1/01/49 | 7/28 at 100.00 | Aa3 | 16,849,874 | ||
60,725 | Total Utilities | 66,192,433 | ||||
$634,856 | Total Long-Term Investments (cost $680,331,888) | 722,659,883 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 3.9% | ||||||
MUNICIPAL BONDS – 3.9% | ||||||
Health Care – 3.0% | ||||||
$9,000 | Minneapolis, Minnesota, Health Care System Revenue Bonds, Fairview Health Services, Series 2018A, 0.020%, 11/15/48 (Mandatory Put 8/31/21) (6) | 8/21 at 100.00 | AA+ | $9,000,000 | ||
5,650 | Minneapolis-Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care System Revenue Bonds, Allina Health System, Series 2007C2, 0.020%, 11/15/34 (Mandatory Put 9/07/21) (6) | 8/21 at 100.00 | AA+ | 5,650,000 |
44
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
$8,100 | Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic Series 2008A, 0.000%, 11/15/38 (Mandatory Put 9/07/21) (6) | 8/21 at 100.00 | AA | $8,100,000 | ||
22,750 | Total Health Care | 22,750,000 | ||||
Housing/Multifamily – 0.2% | ||||||
1,600 | Rochester, Minnesota, Multifamily Housing Revenue Bonds, Bella Grove Apartments Project, Series 2019B, 0.020%, 5/01/61 (Mandatory Put 9/07/21) (6) | 8/21 at 100.00 | AA+ | 1,600,000 | ||
Housing/Single Family – 0.7% | ||||||
5,225 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2015D, 0.040%, 1/01/46 (AMT) (Mandatory Put 9/07/21) (6) | 8/21 at 100.00 | AA+ | 5,225,000 | ||
$29,575 | Total Short-Term Investments (cost $29,575,000) | 29,575,000 | ||||
Total Investments (cost $709,906,888) – 99.9% | 752,234,883 | |||||
Other Assets Less Liabilities – 0.1% | 820,744 | |||||
Net Assets – 100% | $753,055,627 |
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).
45
Nuveen Minnesota Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
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 | $ — | $722,659,883 | $ — | $722,659,883 |
Short-Term Investments: | ||||
Municipal Bonds | — | 29,575,000 | — | 29,575,000 |
Total | $ — | $752,234,883 | $ — | $752,234,883 |
(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) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(5) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(6) | Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
ETM | Escrowed to maturity | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
46
Nuveen Nebraska Municipal Bond Fund
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 95.1% | ||||||
MUNICIPAL BONDS – 95.1% | ||||||
Consumer Staples – 0.8% | ||||||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1: | ||||||
$65 | 4.000%, 6/01/48 | 6/30 at 100.00 | BBB+ | $74,708 | ||
1,000 | 3.000%, 6/01/48 | 6/30 at 100.00 | BBB+ | 1,039,040 | ||
1,065 | Total Consumer Staples | 1,113,748 | ||||
Education and Civic Organizations – 8.7% | ||||||
1,500 | Douglas County, Nebraska, Educational Facilities Revenue Bonds, Creighton University Projects, Refunding Series 2017, 5.000%, 7/01/47 | 7/27 at 100.00 | A2 | 1,799,655 | ||
3,000 | Douglas County, Nebraska, Educational Facilities Revenue Bonds, Creighton University Projects, Series 2021A, 4.000%, 7/01/46 | 1/32 at 100.00 | A2 | 3,599,130 | ||
Saline County, Nebraska, Educational Facilities Revenue Bonds, Doane College Project, Refunding Series 2020A: | ||||||
360 | 3.000%, 2/15/34 | 2/29 at 100.00 | A | 382,982 | ||
445 | 3.000%, 2/15/35 | 2/29 at 100.00 | A | 471,651 | ||
500 | Southeast Community College Area, Nebraska, Facilities Revenue Bonds, Series 2020, 3.000%, 3/15/45 – AGM Insured | 7/25 at 100.00 | AA | 515,010 | ||
1,000 | University of Nebraska Facilities Corporation, Nebraska, Facilities Bonds, Refunding Series 2017B, 4.000%, 5/15/37 | 11/27 at 100.00 | Aa1 | 1,151,480 | ||
2,000 | University of Nebraska Facilities Corporation, Nebraska, Facilities Program Bonds, Green Series 2021B, 5.000%, 7/15/51 | 7/31 at 100.00 | Aa1 | 2,633,360 | ||
1,000 | University of Nebraska Facilities Corporation, Nebraska, Facilities Program Bonds, Series 2021A, 5.000%, 7/15/31 | No Opt. Call | Aa1 | 1,373,610 | ||
9,805 | Total Education and Civic Organizations | 11,926,878 | ||||
Health Care – 5.9% | ||||||
200 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A, 5.250%, 12/01/56, 144A | 6/26 at 100.00 | BB | 224,940 | ||
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Refunding Series 2020A: | ||||||
575 | 4.000%, 11/15/40 | 11/30 at 100.00 | AA- | 684,256 | ||
300 | 4.000%, 11/15/41 | 11/30 at 100.00 | AA- | 356,001 | ||
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2017: | ||||||
180 | 5.000%, 11/15/37 | 5/27 at 100.00 | AA- | 215,305 | ||
1,050 | 5.000%, 11/15/47 | 5/27 at 100.00 | AA- | 1,252,167 | ||
775 | Douglas County Hospital Authority 2, Nebraska, Hospital Revenue Bonds, Madonna Rehabilitation Hospital Project, Series 2014, 5.000%, 5/15/44 | 5/24 at 100.00 | A- | 847,098 |
47
Nuveen Nebraska Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015: | ||||||
$500 | 4.125%, 11/01/36 | 11/25 at 100.00 | A | $556,465 | ||
1,000 | 5.000%, 11/01/45 | 11/25 at 100.00 | A | 1,147,610 | ||
500 | Indiana Finance Authority, Hospital Revenue Bonds, Marion General Hospital Project, Series 2020A, 4.000%, 7/01/40 | 7/30 at 100.00 | A | 586,540 | ||
250 | Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Refunding Series 2017A, 5.000%, 7/01/30 | 7/27 at 100.00 | BBB | 297,435 | ||
Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018: | ||||||
500 | 5.000%, 7/01/34 | 7/25 at 100.00 | BBB | 568,135 | ||
435 | 5.000%, 7/01/35 | 7/25 at 100.00 | BBB | 493,799 | ||
875 | Scotts Bluff County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Regional West Medical Center Project, Refunding & Improvement Series 2016A, 5.250%, 2/01/37 | 2/27 at 100.00 | BB+ | 928,690 | ||
7,140 | Total Health Care | 8,158,441 | ||||
Housing/Single Family – 0.6% | ||||||
660 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Refunding Series 2016A, 3.500%, 9/01/36 | 3/25 at 100.00 | AA+ | 690,135 | ||
Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2021A: | ||||||
100 | 1.850%, 9/01/35 | 3/30 at 100.00 | AA+ | 100,553 | ||
65 | 1.950%, 9/01/37 | 3/30 at 100.00 | AA+ | 65,365 | ||
825 | Total Housing/Single Family | 856,053 | ||||
Long-Term Care – 3.0% | ||||||
Nebraska Educational, Health, Cultural and Social Services Finance Authority, Revenue Bonds, Immanuel Retirement Communities Obligated Group, Series 2019A: | ||||||
3,500 | 4.000%, 1/01/44 | 1/26 at 102.00 | AA | 3,953,985 | ||
200 | 4.000%, 1/01/49 | 1/26 at 102.00 | AA | 225,886 | ||
3,700 | Total Long-Term Care | 4,179,871 | ||||
Tax Obligation/General – 31.5% | ||||||
Adams County School District 18, Nebraska, General Obligation Bonds, Hastings Public Schools, Series 2019: | ||||||
600 | 4.000%, 12/15/38 | 5/29 at 100.00 | Aa3 | 697,320 | ||
975 | 4.000%, 12/15/44 | 5/29 at 100.00 | Aa3 | 1,117,672 | ||
Buffalo County School District 007 Kearney Public Schools, Nebraska, General Obligation Bonds, School Building Series 2016: | ||||||
1,000 | 4.000%, 12/15/30 | 4/26 at 100.00 | AA- | 1,150,150 | ||
500 | 3.000%, 12/15/36 | 4/26 at 100.00 | AA- | 526,985 | ||
1,500 | Dodge County School District 1 Fremont, Nebraska, General Obligation Bonds, Refunding Limited Tax Series 2019, 4.000%, 12/15/40 | 12/29 at 100.00 | A+ | 1,746,060 |
48
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$1,090 | Douglas County School District 059, Nebraska, General Obligation Bonds, Bennington Public Schools, School Building Series 2019, 4.000%, 6/15/33 | 3/24 at 100.00 | AA- | $1,184,274 | ||
1,000 | Douglas County School District 059, Nebraska, General Obligation Bonds, Bennington Public Schools, Series 2016, 3.375%, 12/15/41 | 12/25 at 100.00 | AA- | 1,067,630 | ||
1,500 | Douglas County School District 059, Nebraska, General Obligation Bonds, School Building Series 2020B, 3.000%, 12/15/45 | 8/25 at 100.00 | AA- | 1,564,560 | ||
1,500 | Douglas County School District 1, Nebraska, General Obligation Bonds, Omaha Public Schools Series 2020, 3.000%, 12/15/43 | 1/30 at 100.00 | AA | 1,642,905 | ||
750 | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2016, 4.000%, 12/15/36 | 12/25 at 100.00 | AA- | 865,658 | ||
1,000 | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2018, 4.000%, 12/15/38 | 12/28 at 100.00 | AA- | 1,179,390 | ||
750 | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2019, 4.000%, 12/15/39 | 12/29 at 100.00 | AA- | 883,057 | ||
Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2020: | ||||||
430 | 4.000%, 12/15/39 | 12/30 at 100.00 | AA- | 514,792 | ||
400 | 4.000%, 12/15/40 | 12/30 at 100.00 | AA- | 477,772 | ||
1,360 | Douglas County School District 17 Millard, Nebraska, General Obligation Bonds, Series 2020, 3.000%, 12/15/36 | 12/30 at 100.00 | AA | 1,554,208 | ||
Lancaster County School District 1, Lincoln, Nebraska, General Obligation Bonds, Series 2020: | ||||||
3,240 | 5.000%, 1/15/30 | No Opt. Call | AAA | 4,308,325 | ||
1,000 | 3.000%, 1/15/43 | 7/30 at 100.00 | AAA | 1,104,380 | ||
195 | Omaha, Nebraska, General Obligation Bonds, Convention Center Project, Series 2004, 5.250%, 4/01/26 | No Opt. Call | AA+ | 237,869 | ||
500 | Omaha, Nebraska, General Obligation Bonds, Refunding & Various Purpose Series 2017A, 4.000%, 4/15/33 | 4/27 at 100.00 | AA+ | 577,245 | ||
500 | Omaha, Nebraska, General Obligation Bonds, Refunding & Various Purpose Series 2018A, 4.000%, 1/15/37 | 1/27 at 100.00 | AA+ | 569,280 | ||
1,000 | Omaha, Nebraska, General Obligation Bonds, Refunding & Various Purpose Series 2019, 4.000%, 4/15/38 | 4/29 at 100.00 | AA+ | 1,189,560 | ||
Omaha, Nebraska, General Obligation Bonds, Refunding & Various Purpose Series 2020A: | ||||||
380 | 4.000%, 4/15/31 | 4/30 at 100.00 | AA+ | 473,313 | ||
540 | 3.000%, 4/15/39 | 4/30 at 100.00 | AA+ | 596,711 | ||
500 | Omaha, Nebraska, Special Tax Redevelopment Bonds, Series 2018A, 5.000%, 1/15/33 | 1/27 at 100.00 | AA+ | 607,185 | ||
1,000 | Omaha, Nebraska, Special Tax Redevelopment Bonds, Series 2019A, 4.000%, 1/15/40 | 1/29 at 100.00 | AA+ | 1,178,760 | ||
Omaha-Douglas Public Building Commission, Nebraska, General Obligation Bonds, Series 2020B: | ||||||
1,000 | 3.000%, 5/01/36 | 5/29 at 100.00 | AA+ | 1,115,270 | ||
1,280 | 4.000%, 5/01/43 | 5/29 at 100.00 | AA+ | 1,504,192 |
49
Nuveen Nebraska Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Papillion-LaVista School District 27, Sarpy County, Nebraska, General Obligation Bonds, Refunding Series 2020B: | ||||||
$750 | 4.000%, 12/01/35 | 12/30 at 100.00 | Aa2 | $923,017 | ||
1,000 | 3.000%, 12/01/40 | 12/30 at 100.00 | Aa2 | 1,095,990 | ||
750 | Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation Bonds, Refunding Series 2019C, 4.000%, 6/15/43 | 6/29 at 100.00 | AA- | 876,742 | ||
Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation Bonds, Series 2019: | ||||||
1,000 | 5.000%, 6/15/40 | 6/29 at 100.00 | AA- | 1,249,200 | ||
1,000 | 5.000%, 6/15/41 | 6/29 at 100.00 | AA- | 1,246,240 | ||
Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation Bonds, Series 2020B: | ||||||
750 | 3.000%, 12/15/43 | 12/25 at 100.00 | AA- | 805,260 | ||
750 | 3.000%, 12/15/44 | 12/25 at 100.00 | AA- | 804,938 | ||
Sarpy County School District 1, Bellevue Public School, Nebraska, General Obligation Bonds, School Building Series 2017: | ||||||
550 | 5.000%, 12/15/29 | 12/27 at 100.00 | Aa3 | 694,727 | ||
500 | 5.000%, 12/15/35 | 12/27 at 100.00 | Aa3 | 622,560 | ||
1,000 | Sarpy County School District 1, Bellevue Public School, Nebraska, General Obligation Bonds, School Building Series 2020, 4.000%, 12/15/40 | 12/30 at 100.00 | Aa3 | 1,209,690 | ||
Saunders County School District 1, Ashland-Greenwood, Nebraska, General Obligation Bonds, Series 2021: | ||||||
500 | 3.000%, 12/15/42 | 12/30 at 100.00 | A+ | 556,615 | ||
2,000 | 3.000%, 12/15/50 | 12/30 at 100.00 | A+ | 2,161,220 | ||
Southeast Community College Area, Nebraska, Certificates of Participation, Series 2018: | ||||||
215 | 5.000%, 12/15/30 | 6/28 at 100.00 | Aa1 | 271,990 | ||
1,000 | 5.000%, 12/15/47 | 6/28 at 100.00 | Aa1 | 1,213,660 | ||
37,255 | Total Tax Obligation/General | 43,366,372 | ||||
Tax Obligation/Limited – 4.8% | ||||||
500 | Columbus, Nebraska, Sales Tax Revenue Bonds, Police & Fire Project, Series 2018, 4.000%, 9/15/27 | 9/23 at 100.00 | A | 536,210 | ||
265 | Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.125%, 1/01/42 | 1/22 at 100.00 | BB | 269,227 | ||
430 | Grand Island, Nebraska, Highway Alloactaion Fund Pledge Bonds, Series 2020, 3.000%, 11/15/30 | 11/25 at 100.00 | Aa2 | 467,509 | ||
500 | Omaha Public Facilities Corporation, Nebraska, Lease Revenue Bonds, Omaha Baseball Stadium Project, Refunding Series 2016A, 4.000%, 6/01/36 | 6/26 at 100.00 | AA+ | 564,705 | ||
1,000 | Omaha Public Facilities Corporation, Nebraska, Lease Revenue Bonds, Series 2020B, 3.000%, 4/15/40 | 4/30 at 100.00 | AA+ | 1,106,780 |
50
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
$750 | 4.550%, 7/01/40 | 7/28 at 100.00 | N/R | $863,040 | ||
800 | 4.750%, 7/01/53 | 7/28 at 100.00 | N/R | 915,520 | ||
600 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 694,710 | ||
1,075 | Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Refunding Series2021B Exchange Purchase, 4.000%, 7/01/58 | 7/31 at 100.00 | Baa1 | 1,230,821 | ||
5,920 | Total Tax Obligation/Limited | 6,648,522 | ||||
Transportation – 5.7% | ||||||
Guam AB Won Pat International Airport Authority, Revenue Bonds, Series 2013C: | ||||||
500 | 6.000%, 10/01/34 – AGM Insured (AMT) | 10/23 at 100.00 | AA | 549,730 | ||
165 | 6.375%, 10/01/43 (AMT) | 10/23 at 100.00 | Baa2 | 178,980 | ||
70 | Hawaii State, Harbor System Revenue Bonds, Series 2020A, 4.000%, 7/01/36 (AMT) | 7/30 at 100.00 | Aa3 | 83,479 | ||
Lincoln, Nebraska, Airport General Obligation Bonds, Series 2021: | ||||||
1,000 | 4.000%, 7/01/35 (AMT) | 7/31 at 100.00 | Aa1 | 1,219,980 | ||
1,000 | 4.000%, 7/01/36 (AMT) | 7/31 at 100.00 | Aa1 | 1,211,640 | ||
825 | Lincoln, Nebraska, Airport Revenue Bonds, Series 2015A, 4.000%, 7/01/45 | 7/25 at 100.00 | Aa1 | 890,950 | ||
Omaha Airport Authority, Nebraska, Airport Facilities Revenue Refunding Bonds, Series 2017A: | ||||||
1,000 | 5.000%, 12/15/34 (AMT) | 12/26 at 100.00 | Aa3 | 1,205,280 | ||
1,000 | 5.000%, 12/15/36 (AMT) | 12/26 at 100.00 | Aa3 | 1,205,560 | ||
1,000 | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019A, 5.000%, 7/01/49 | 7/29 at 100.00 | A1 | 1,254,170 | ||
6,560 | Total Transportation | 7,799,769 | ||||
U.S. Guaranteed – 12.2% (4) | ||||||
500 | Adams County School District 18, Nebraska, General Obligation Bonds, Hastings Public Schools, Series 2017, 4.500%, 12/15/44 (Pre-refunded 1/31/22) | 1/22 at 100.00 | Aa3 | 509,120 | ||
Colfax County School District 123 Schuyler Community Schools, Nebraska, General Obligation Bonds, Refunding Series 2019: | ||||||
500 | 4.000%, 12/15/36 (Pre-refunded 5/22/24) | 5/24 at 100.00 | A1 | 550,690 | ||
500 | 4.000%, 12/15/39 (Pre-refunded 5/22/24) | 5/24 at 100.00 | A1 | 550,690 | ||
Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds, Great Plains Regional Medical Center Project, Series 2012: | ||||||
1,000 | 4.000%, 11/01/37 (Pre-refunded 11/01/21) | 11/21 at 100.00 | N/R | 1,006,230 | ||
2,800 | 5.000%, 11/01/42 (Pre-refunded 11/01/21) | 11/21 at 100.00 | N/R | 2,822,036 | ||
2,460 | Lincoln- West Haymarket Joint Public Agency, Nebraska, General Obligation Facility Bonds, Series 2011, 5.000%, 12/15/42 (Pre-refunded 12/15/21) | 12/21 at 100.00 | AAA | 2,494,538 | ||
Lincoln, Nebraska, Educational Facilities Revenue and Refunding Bonds, Nebraska Wesleyan University Project, Series 2012: | ||||||
685 | 3.300%, 4/01/25 (Pre-refunded 4/01/22) | 4/22 at 100.00 | A- | 697,433 | ||
410 | 4.000%, 4/01/32 (Pre-refunded 4/01/22) | 4/22 at 100.00 | A- | 419,180 |
51
Nuveen Nebraska Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed (4) (continued) | ||||||
Omaha, Nebraska, General Obligation Bonds, Refunding & Various Purpose Series 2013A: | ||||||
$715 | 4.500%, 11/15/28 (Pre-refunded 11/15/23) | 11/23 at 100.00 | AA+ | $783,368 | ||
365 | 4.500%, 11/15/29 (Pre-refunded 11/15/23) | 11/23 at 100.00 | AA+ | 399,901 | ||
1,395 | Omaha, Nebraska, Sanitary Sewage System Revenue Bonds, Series 2011, 4.250%, 11/15/41 (Pre-refunded 11/15/21) | 11/21 at 100.00 | AA | 1,406,760 | ||
500 | Papio-Missouri River Natural Resources District, Nebraska, Flood Protection and Water Quality Enhancement Revenue Bonds, Series 2017, 4.000%, 12/15/31 (Pre-refunded 6/15/22) | 6/22 at 100.00 | AA | 515,315 | ||
750 | Platte County School District 001, Columbus Public Schools, Nebraska, General Obligation Bonds, School Building Series 2014, 5.000%, 12/15/39 (Pre-refunded 6/15/24) | 6/24 at 100.00 | Aa3 | 850,868 | ||
500 | Scotts Bluff County School District 16, Nebraska, General Obligation Bonds, Gering Public Schools Series 2017, 5.000%, 12/01/46 (Pre-refunded 5/30/22) | 5/22 at 100.00 | A1 | 518,070 | ||
600 | University of Nebraska, Revenue Bonds, Omaha Student Housing Project, Refunding Series 2017A, 5.000%, 5/15/32 (Pre-refunded 11/15/27) | 11/27 at 100.00 | Aa1 | 761,334 | ||
1,000 | University of Nebraska, Revenue Bonds, Refunding Lincoln Student Fees and Facilities Series 2011, 5.000%, 7/01/42 (Pre-refunded 1/01/22) | 1/22 at 100.00 | Aa1 | 1,016,220 | ||
1,125 | University of Nebraska, Revenue Bonds, Refunding Omaha Student Health & Recreation Project Series 2016B, 3.000%, 5/15/30 (Pre-refunded 5/15/26) | 5/26 at 100.00 | Aa1 | 1,258,898 | ||
220 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Three Pillars Senior Living Communities, Refunding Series 2013, 5.000%, 8/15/23 (ETM) | No Opt. Call | BBB+ | 240,614 | ||
16,025 | Total U.S. Guaranteed | 16,801,265 | ||||
Utilities – 21.9% | ||||||
800 | Central Plains Energy Project, Nebraska, Gas Project 1 Revenue Bonds, Series 2007A, 5.250%, 12/01/21 | No Opt. Call | A2 | 810,016 | ||
465 | Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Refunding Crossover Series 2017A, 5.000%, 9/01/37 | No Opt. Call | A | 662,402 | ||
2,350 | Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012, 5.000%, 9/01/42 | 9/22 at 100.00 | A2 | 2,460,638 | ||
Columbus, Nebraska, Combined Revenue Bonds, Refunding Series 2020: | ||||||
375 | 4.000%, 6/15/34 | 6/30 at 100.00 | AA | 456,847 | ||
400 | 4.000%, 6/15/35 | 6/30 at 100.00 | AA | 486,260 | ||
1,185 | District Energy Corporation, Nebraska, Facility Revenue Bonds, NSP System Series 2021, 4.000%, 7/01/45 | 7/31 at 100.00 | AA+ | 1,407,282 | ||
1,000 | District Energy Corporation, Nebraska, Facility Revenue Bonds, Refunding Series 2021A, 5.000%, 7/01/28 | No Opt. Call | AA+ | 1,274,930 | ||
Grand Island, Nebraska, Combined Utilities Revenue Bonds, Refunding Series 2020A: | ||||||
750 | 4.000%, 8/15/35 – AGM Insured | 8/30 at 100.00 | AA | 903,150 | ||
800 | 4.000%, 8/15/37 – AGM Insured | 8/30 at 100.00 | AA | 958,208 | ||
1,930 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 7/01/40 | 7/27 at 100.00 | A- | 2,240,769 | ||
235 | Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34 | 10/22 at 100.00 | BBB | 245,002 |
52
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utilities (continued) | ||||||
$870 | Lincoln, Nebraska, Electric System Revenue Bonds, Series 2018, 5.000%, 9/01/34 | 3/27 at 100.00 | AA | $1,059,025 | ||
435 | Lincoln, Nebraska, Electric System Revenue Bonds, Series 2020A, 5.000%, 9/01/33 | 3/30 at 100.00 | AA | 573,504 | ||
500 | Metropolitan Utilities District Omaha, Nebraska, Water Revenue Bonds, Series 2015, 3.250%, 12/01/32 | 12/25 at 100.00 | AA | 545,890 | ||
110 | Municipal Energy Agency of Nebraska, Power Supply System Revenue Bonds, Refunding Series 2012A, 5.000%, 4/01/31 | 4/22 at 100.00 | A+ | 113,033 | ||
1,850 | Nebraska Public Power District, General Revenue Bonds, Series 2012A, 5.000%, 1/01/34 | 1/22 at 100.00 | A+ | 1,877,898 | ||
1,500 | Nebraska Public Power District, General Revenue Bonds, Series 2016A, 5.000%, 1/01/41 | 1/26 at 100.00 | A+ | 1,753,605 | ||
500 | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Refunding Series 2015C, 4.000%, 2/01/38 | 2/25 at 100.00 | AA | 550,195 | ||
1,000 | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Refunding Series 2016A, 4.000%, 2/01/38 | 2/26 at 100.00 | AA | 1,124,540 | ||
1,000 | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2017A, 5.000%, 2/01/42 | 12/27 at 100.00 | AA | 1,230,210 | ||
1,000 | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2018A, 5.000%, 2/01/39 | 2/28 at 100.00 | AA | 1,230,040 | ||
320 | Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska City 2, Refunding Series 2015A, 3.500%, 2/01/42 | 2/25 at 100.00 | A+ | 335,782 | ||
1,500 | Omaha, Nebraska, Sanitary Sewage System Revenue Bonds, Refunding Series 2019, 4.000%, 4/01/39 | 4/29 at 100.00 | AA | 1,778,880 | ||
Omaha, Nebraska, Sanitary Sewage System Revenue Bonds, Refunding Series 2020A: | ||||||
440 | 4.000%, 4/01/38 | 4/30 at 100.00 | AA | 532,932 | ||
370 | 4.000%, 4/01/39 | 4/30 at 100.00 | AA | 446,668 | ||
300 | 4.000%, 4/01/40 | 4/30 at 100.00 | AA | 361,113 | ||
1,000 | Public Power Generation Agency, Nebraska, Whelan Energy Center Unit 2 Revenue Bonds, Refunding Series 2015A, 5.000%, 1/01/31 | 1/25 at 100.00 | A2 | 1,143,480 | ||
1,500 | Public Power Generation Agency, Nebraska, Whelan Energy Center Unit 2 Revenue Bonds, Refunding Series 2016A, 5.000%, 1/01/40 | 7/26 at 100.00 | A2 | 1,777,185 | ||
800 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2020A, 5.000%, 7/01/30, 144A | No Opt. Call | N/R | 1,012,824 | ||
800 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A, 5.250%, 7/01/42 | 7/22 at 100.00 | CCC | 833,504 | ||
26,085 | Total Utilities | 30,185,812 | ||||
$114,380 | Total Long-Term Investments (cost $124,619,634) | 131,036,731 | ||||
Other Assets Less Liabilities – 4.9% | 6,728,881 | |||||
Net Assets – 100% | $137,765,612 |
53
Nuveen Nebraska Municipal Bond Fund (continued)
Portfolio of Investments August 31, 2021
(Unaudited)
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 | $ — | $131,036,731 | $ — | $131,036,731 |
(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. | |
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 |
54
Nuveen Oregon Intermediate Municipal Bond Fund
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 94.4% | ||||||
MUNICIPAL BONDS – 94.4% | ||||||
Education and Civic Organizations – 4.0% | ||||||
$2,500 | Forest Grove, Oregon, Campus Improvement Revenue Bonds, Pacific University Project, Refunding Series 2014A, 4.500%, 5/01/29 | 5/22 at 100.00 | BBB | $2,561,375 | ||
1,095 | Forest Grove, Oregon, Campus Improvement Revenue Bonds, Pacific University Project, Refunding Series 2015A, 5.000%, 5/01/30 | 5/25 at 100.00 | BBB | 1,247,402 | ||
Forest Grove, Oregon, Student Housing Revenue Bonds, Oak Tree Foundation, Inc Project, Series 2017: | ||||||
350 | 5.000%, 3/01/23 | No Opt. Call | BBB- | 370,591 | ||
440 | 5.000%, 3/01/24 | No Opt. Call | BBB- | 481,694 | ||
405 | 5.000%, 3/01/25 | No Opt. Call | BBB- | 456,662 | ||
110 | Oregon Facilities Authority, Revenue Bonds, Howard Street Charter School Project, Series 2019A, 5.000%, 6/15/29, 144A | 6/27 at 102.00 | N/R | 125,283 | ||
920 | Oregon Facilities Authority, Revenue Bonds, Metro East Web Academy Project, Series 2019A, 5.000%, 6/15/34, 144A | 6/27 at 102.00 | N/R | 1,024,696 | ||
100 | Oregon Facilities Authority, Revenue Bonds, Redmond Proficiency Academy Project, Series 2015A, 5.500%, 6/15/35, 144A | 6/25 at 100.00 | N/R | 110,236 | ||
600 | Oregon Facilities Authority, Revenue Bonds, Redmond Proficiency Academy Project, Series 2016A, 5.000%, 6/15/33 | 6/25 at 100.00 | N/R | 647,304 | ||
Oregon Facilities Authority, Revenue Bonds, Reed College, Series 2017A: | ||||||
795 | 5.000%, 7/01/30 | 7/27 at 100.00 | Aa2 | 979,718 | ||
400 | 4.000%, 7/01/32 | 7/27 at 100.00 | Aa2 | 465,416 | ||
Oregon Facilities Authority, Revenue Bonds, University of Portland Projects, Series 2015A: | ||||||
450 | 5.000%, 4/01/29 | 4/25 at 100.00 | A | 514,962 | ||
700 | 5.000%, 4/01/30 | 4/25 at 100.00 | A | 799,736 | ||
Yamhill County, Oregon, Revenue Bonds, Linfield University Project, Refunding Series 2020A: | ||||||
850 | 4.000%, 10/01/23 | No Opt. Call | Baa2 | 909,517 | ||
1,000 | 5.000%, 10/01/35 | 10/30 at 100.00 | Baa2 | 1,281,150 | ||
10,715 | Total Education and Civic Organizations | 11,975,742 | ||||
Health Care – 12.4% | ||||||
1,035 | Astoria Hospital Facilities Authority, Oregon, Hospital Revenue and Refunding Bonds, Columbia Memorial Hospital, Series 2012, 5.000%, 8/01/23 | 8/22 at 100.00 | A- | 1,079,546 | ||
Deschutes County Hospital Facility Authority, Oregon, Hospital Revenue Bonds, Saint Charles Health System, Inc, Series 2016A: | ||||||
375 | 4.000%, 1/01/33 | 1/26 at 100.00 | A+ | 419,018 | ||
1,000 | 5.000%, 1/01/33 | 1/26 at 100.00 | A+ | 1,167,740 |
55
Nuveen Oregon Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
Deschutes County Hospital Facility Authority, Oregon, Hospital Revenue Bonds, Saint Charles Health System, Inc, Series 2020A: | ||||||
$350 | 5.000%, 1/01/29 | No Opt. Call | A+ | $450,831 | ||
715 | 4.000%, 1/01/34 | 1/31 at 100.00 | A+ | 871,106 | ||
Klamath Falls Intercommunity Hospital Authority, Oregon, Revenue Bonds, Sky Lakes Medical Center Project, Refunding Series 2016: | ||||||
265 | 5.000%, 9/01/28 | 9/26 at 100.00 | A | 317,568 | ||
730 | 5.000%, 9/01/29 | 9/26 at 100.00 | A | 870,386 | ||
200 | 5.000%, 9/01/30 | 9/26 at 100.00 | A | 237,310 | ||
600 | 5.000%, 9/01/31 | 9/26 at 100.00 | A | 709,932 | ||
270 | 5.000%, 9/01/32 | 9/26 at 100.00 | A | 318,846 | ||
500 | Klamath Falls Intercommunity Hospital Authority, Oregon, Revenue Bonds, Sky Lakes Medical Center Project, Series 2012, 4.000%, 9/01/24 | 9/22 at 100.00 | A | 517,115 | ||
1,870 | Medford Hospital Facilities Authority, Oregon, Hospital Revenue Bonds, Asante Health System, Refunding Series 2020A, 5.000%, 8/15/33 | 8/30 at 100.00 | A+ | 2,464,417 | ||
1,000 | Oregon Facilities Authority, Revenue Bonds, Legacy Health Project, Series 2016A, 5.000%, 6/01/30 | 6/26 at 100.00 | A+ | 1,198,300 | ||
Oregon Facilities Authority, Revenue Bonds, Peacehealth System, Refunding Series 2014A: | ||||||
690 | 5.000%, 11/15/25 | 5/24 at 100.00 | AA- | 771,165 | ||
4,155 | 4.125%, 11/15/32 | 5/24 at 100.00 | AA- | 4,484,865 | ||
1,815 | Oregon Facilities Authority, Revenue Bonds, Providence Health & Services, Series 2013A, 5.000%, 10/01/23 | No Opt. Call | AA- | 1,994,667 | ||
600 | Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services Project, Refunding Series 2020A, 5.000%, 10/01/30 | No Opt. Call | BBB+ | 780,408 | ||
Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services, Refunding Series 2016A: | ||||||
485 | 5.000%, 10/01/29 | 10/26 at 100.00 | BBB+ | 575,579 | ||
1,325 | 5.000%, 10/01/30 | 10/26 at 100.00 | BBB+ | 1,565,024 | ||
Oregon Health and Science University, Revenue Bonds, Refunding Series 2012A: | ||||||
925 | 5.000%, 7/01/25 | 7/22 at 100.00 | AA- | 960,279 | ||
1,195 | 5.000%, 7/01/26 | 7/22 at 100.00 | AA- | 1,240,410 | ||
4,000 | Oregon Health and Science University, Revenue Bonds, Refunding Series 2016B, 5.000%, 7/01/33 | 7/26 at 100.00 | AA- | 4,802,360 | ||
Oregon Health and Science University, Revenue Bonds, Series 2019A: | ||||||
1,070 | 5.000%, 7/01/29 | No Opt. Call | AA- | 1,399,838 | ||
1,000 | 5.000%, 7/01/30 | 1/30 at 100.00 | AA- | 1,313,310 | ||
500 | 5.000%, 7/01/31 | 1/30 at 100.00 | AA- | 653,420 | ||
2,000 | Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Series 2019A, 5.000%, 5/15/32 | 5/29 at 100.00 | AA- | 2,565,820 |
56
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Health Care (continued) | ||||||
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Healthl Project, Refunding Series 2016A: | ||||||
$1,355 | 5.000%, 5/15/29 | 5/26 at 100.00 | AA- | $1,611,068 | ||
560 | 5.000%, 5/15/30 | 5/26 at 100.00 | AA- | 665,006 | ||
1,000 | 5.000%, 5/15/31 | 5/26 at 100.00 | AA- | 1,185,710 | ||
31,585 | Total Health Care | 37,191,044 | ||||
Housing/Multifamily – 0.7% | ||||||
Clackamas County Housing Authority, Oregon, Multifamily Housing Revenue Bonds, Easton Ridge Apartments Project, Series 2013A: | ||||||
285 | 4.000%, 9/01/22 | No Opt. Call | Aa2 | 294,884 | ||
195 | 4.000%, 9/01/23 | 3/23 at 100.00 | Aa2 | 204,888 | ||
340 | Home Forward, Oregon, Multifamily Housing Revenue Bonds, Lovejoy Station Apartments, Refunding Series 2016, 4.000%, 7/15/29 | 7/26 at 100.00 | Aa2 | 380,334 | ||
1,000 | Oregon Facilities Authority, Revenue Bonds, College Housing Northwest Projects, Refunding Series 2013, 5.000%, 10/01/24 | 10/23 at 100.00 | BBB- | 1,071,410 | ||
155 | Portland Housing Authority, Oregon, Housing Revenue Bonds, Yards at Union Station Project, Refunding Series 2007, 4.750%, 5/01/22 (AMT) | 9/21 at 100.00 | Aa2 | 155,512 | ||
1,975 | Total Housing/Multifamily | 2,107,028 | ||||
Housing/Single Family – 0.6% | ||||||
Oregon Housing and Community Services Department, Single Family Mortgage Revenue Bonds, Series 2021A: | ||||||
935 | 1.900%, 1/01/33 | 7/30 at 100.00 | Aa2 | 938,085 | ||
825 | 1.950%, 7/01/33 | 7/30 at 100.00 | Aa2 | 829,513 | ||
1,760 | Total Housing/Single Family | 1,767,598 | ||||
Information Technology – 0.8% | ||||||
2,375 | Oregon State Business Development Commission, Recovery Zone Facility Revenue Bonds, Intel Corporation Project, 232 Series 2010, 2.400%, 12/01/40 (Mandatory Put 8/14/23) | No Opt. Call | A+ | 2,468,053 | ||
Long-Term Care – 3.7% | ||||||
Clackamas County Hospital Facility Authority, Oregon, Revenue Bonds, Rose Villa Inc, Series 2020A: | ||||||
285 | 5.000%, 11/15/27 | 11/25 at 102.00 | N/R | 323,789 | ||
300 | 5.000%, 11/15/28 | 11/25 at 102.00 | N/R | 339,525 | ||
315 | 5.000%, 11/15/29 | 11/25 at 102.00 | N/R | 355,140 | ||
330 | 5.000%, 11/15/30 | 11/25 at 102.00 | N/R | 370,630 |
57
Nuveen Oregon Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Long-Term Care (continued) | ||||||
Clackamas County Hospital Facility Authority, Oregon, Senior Living Revenue Bonds, Willamette View Project, Series 2017A: | ||||||
$525 | 4.000%, 5/15/24 | No Opt. Call | N/R | $559,335 | ||
445 | 4.000%, 11/15/24 | No Opt. Call | N/R | 479,363 | ||
355 | 4.000%, 5/15/25 | No Opt. Call | N/R | 384,973 | ||
460 | 4.000%, 11/15/25 | No Opt. Call | N/R | 503,902 | ||
200 | 4.000%, 5/15/26 | 11/25 at 102.00 | N/R | 220,510 | ||
400 | 4.000%, 11/15/26 | 11/25 at 102.00 | N/R | 445,192 | ||
350 | 4.000%, 5/15/27 | 11/25 at 102.00 | N/R | 391,143 | ||
350 | 4.000%, 11/15/27 | 11/25 at 102.00 | N/R | 394,551 | ||
450 | Medford Hospital Facilities Authority, Oregon, Revenue Bonds, Rogue Valley Manor, Series 2013A, 5.000%, 10/01/24 | 10/23 at 100.00 | A- | 492,232 | ||
1,500 | Multnomah County Hospital Facilities Authority, Oregon, Revenue Bond, Terwilliger Plaza, Inc, Refunding Series 2012, 5.000%, 12/01/29 | 12/22 at 100.00 | BB+ | 1,564,395 | ||
325 | Multnomah County Hospital Facilities Authority, Oregon, Revenue Bond, Terwilliger Plaza, Inc, Refunding Series 2016, 5.000%, 12/01/30 | 12/26 at 100.00 | BB+ | 379,503 | ||
575 | Multnomah County Hospital Facilities Authority, Oregon, Revenue Bonds, Mirabella South Waterfront, Refunding Series 2014A, 5.000%, 10/01/24 | No Opt. Call | N/R | 609,684 | ||
135 | Multnomah County Hospital Facilities Authority, Oregon, Revenue Bonds, Terwilliger Plaza-Parkview Project, Refunding Green Series 2021A, 4.000%, 12/01/36 (WI/DD, Settling 9/01/21) | 12/28 at 103.00 | BB+ | 156,834 | ||
1,040 | Polk County Hospital Facility Authority, Oregon, Revenue Bonds, Dallas Retirement Village Project, Series 2015A, 5.125%, 7/01/35 | 7/25 at 100.00 | N/R | 1,090,523 | ||
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Capital Manor, Inc, Refunding Series 2012: | ||||||
120 | 5.000%, 5/15/22 | No Opt. Call | BBB- | 123,644 | ||
550 | 5.750%, 5/15/27 | 5/22 at 100.00 | BBB- | 568,711 | ||
1,150 | Yamhill County Hospital Authority, Oregon, Revenue Bonds, Friendsview Retirement Community, Refunding Series 2016A, 5.000%, 11/15/31 | 11/24 at 102.00 | N/R | 1,289,173 | ||
220 | Yamhill County Hospital Authority, Oregon, Revenue Bonds, Friendsview Retirement Community, Refunding Series 2021A, 5.000%, 11/15/36 | 11/28 at 103.00 | N/R | 267,447 | ||
10,380 | Total Long-Term Care | 11,310,199 | ||||
Tax Obligation/General – 41.3% | ||||||
1,365 | Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2017D, 5.000%, 6/15/26 | No Opt. Call | AA+ | 1,658,325 | ||
Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2018A: | ||||||
350 | 5.000%, 6/15/26 | No Opt. Call | AA+ | 425,764 | ||
2,835 | 5.000%, 6/15/27 | No Opt. Call | AA+ | 3,552,057 |
58
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2020: | ||||||
$625 | 4.000%, 6/15/31 | 6/30 at 100.00 | Aa1 | $775,362 | ||
500 | 4.000%, 6/15/34 | 6/30 at 100.00 | Aa1 | 613,775 | ||
750 | 4.000%, 6/15/35 | 6/30 at 100.00 | Aa1 | 918,682 | ||
1,000 | Boardman, Morrow County, Oregon, General Obligation Bonds, Series 2021, 4.000%, 6/15/33 – BAM Insured | 6/29 at 100.00 | AA | 1,198,460 | ||
500 | Central Oregon Community College District, Crook, Jefferson, Deschutes, Klamath, Lake, and Wasco Counties, Oregon, General Obligation Bonds, Series 2014, 5.000%, 6/01/29 | 6/24 at 100.00 | AA | 562,365 | ||
1,100 | Chemeketa Community College District, Oregon, General Obligation Bonds, Refunding Series 2014, 5.000%, 6/15/26 | 6/24 at 100.00 | AA+ | 1,243,319 | ||
200 | Clackamas and Multnomah Counties School District 7J Lake Oswego, Oregon, General Obligation Bonds, Refunding Series 2005, 5.250%, 6/01/25 – AGM Insured | No Opt. Call | Aa2 | 236,816 | ||
1,640 | Clackamas and Multnomah Counties School District 7J Lake Oswego, Oregon, General Obligation Bonds, Series 2017, 4.000%, 6/01/32 | 6/27 at 100.00 | AA+ | 1,910,813 | ||
1,250 | Clackamas and Washington Counties School District 3JT, Oregon, General Obligation Bonds, Refunding Series 2015, 5.000%, 6/15/28 | 6/25 at 100.00 | AA+ | 1,465,312 | ||
Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2017B: | ||||||
1,000 | 5.000%, 6/15/30 | 6/27 at 100.00 | AA+ | 1,246,240 | ||
2,000 | 5.000%, 6/15/33 | 6/27 at 100.00 | AA+ | 2,467,580 | ||
Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2018: | ||||||
585 | 5.000%, 6/15/31 | 6/28 at 100.00 | Aa1 | 743,980 | ||
550 | 5.000%, 6/15/32 | 6/28 at 100.00 | Aa1 | 697,504 | ||
1,500 | Clackamas County School District 46 Oregon Trail, Oregon, General Obligation Bonds, Refunding Series 2017, 5.000%, 6/15/30 | 6/27 at 100.00 | AA+ | 1,859,730 | ||
570 | Clackamas County School District 62, Oregon City, Oregon, General Obligation Bonds, Refunding Series 2018B, 5.000%, 6/15/33 | 6/28 at 100.00 | AA+ | 723,056 | ||
Clackamas County School District 86, Oregon, General Obligation Bonds, Refunding Series 2020A: | ||||||
775 | 4.000%, 6/15/33 | 6/30 at 100.00 | Aa1 | 954,676 | ||
560 | 4.000%, 6/15/34 | 6/30 at 100.00 | Aa1 | 684,818 | ||
Clatskanie School District 6J, Columbia and Clatsop Counties, Oregon, General Obligation Bonds, Series 2021: | ||||||
250 | 4.000%, 6/15/31 | No Opt. Call | AA+ | 315,568 | ||
270 | 4.000%, 6/15/32 | 6/31 at 100.00 | AA+ | 337,492 | ||
250 | 4.000%, 6/15/33 | 6/31 at 100.00 | AA+ | 312,085 | ||
500 | Clatsop County School District 1C Astoria, Oregon, General Obligation Bonds, Series 2019B, 5.000%, 6/15/30 | 6/29 at 100.00 | Aa1 | 653,990 | ||
500 | Clatsop County, Oregon, General Obligation Bonds, Series 2019, 5.000%, 6/15/31 | 6/29 at 100.00 | Aa2 | 648,690 | ||
450 | Columbia County School District 502 Saint Helens, Oregon, General Obligation Bonds, Series 2017, 5.000%, 6/15/33 | 6/27 at 100.00 | Aa1 | 552,352 |
59
Nuveen Oregon Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Coos County School District 9 Coos Bay, Oregon, General Obligation Bonds, Series 2020: | ||||||
$185 | 5.000%, 6/15/31 | 6/30 at 100.00 | AA+ | $246,772 | ||
430 | 5.000%, 6/15/33 | 6/30 at 100.00 | AA+ | 569,634 | ||
765 | 5.000%, 6/15/34 | 6/30 at 100.00 | AA+ | 1,009,976 | ||
1,000 | David Douglas School District 40, Multnomah County, Oregon, General Obligation Bonds, Series 2012B, 0.000%, 6/15/25 | No Opt. Call | AA+ | 980,150 | ||
3,055 | Deshutes and Jefferson Counties School District 2J Redmond, Oregon, General Obligation Bonds, Series 2008B, 0.000%, 6/15/22 | No Opt. Call | Aa1 | 3,052,678 | ||
Deshutes and Jefferson Counties School District 2J Redmond, Oregon, General Obligation Bonds, Series 2021: | ||||||
300 | 4.000%, 6/15/32 | 6/31 at 100.00 | Aa1 | 380,034 | ||
485 | 4.000%, 6/15/33 | 6/31 at 100.00 | Aa1 | 609,499 | ||
375 | 4.000%, 6/15/34 | 6/31 at 100.00 | Aa1 | 469,462 | ||
300 | 4.000%, 6/15/35 | 6/31 at 100.00 | Aa1 | 374,370 | ||
300 | 4.000%, 6/15/36 | 6/31 at 100.00 | Aa1 | 373,023 | ||
380 | 4.000%, 6/15/37 | 6/31 at 100.00 | Aa1 | 470,520 | ||
2,000 | Greater Albany School District 8J, Linn & Benton Counties, Oregon, General Obligation Bonds, Series 2017, 5.000%, 6/15/32 | 6/27 at 100.00 | AA+ | 2,461,940 | ||
2,825 | Hood River County School District, Oregon, General Obligation Bonds, Refunding Series 2016, 4.000%, 6/15/29 | 6/26 at 100.00 | AA+ | 3,261,943 | ||
Jackson County School District 5 Ashland, Oregon, General Obligation Bonds, Series 2019: | ||||||
2,120 | 5.000%, 6/15/31 | 6/29 at 100.00 | AA+ | 2,759,668 | ||
2,260 | 5.000%, 6/15/32 | 6/29 at 100.00 | AA+ | 2,932,599 | ||
1,620 | 5.000%, 6/15/33 | 6/29 at 100.00 | AA+ | 2,095,729 | ||
1,250 | Jackson County School District 549C, Oregon, General Obligation Bonds, Refunding Series 2015, 5.000%, 12/15/28 | 6/25 at 100.00 | AA+ | 1,465,312 | ||
Jackson County School District 6, Central Point, Oregon, General Obligation Bonds, Series 2019A: | ||||||
1,675 | 4.000%, 6/15/34 | 6/29 at 100.00 | Aa1 | 2,014,841 | ||
1,700 | 4.000%, 6/15/35 | 6/29 at 100.00 | Aa1 | 2,040,969 | ||
395 | Keizer, Oregon, General Obligation Assessment Bonds, Keizer Station Area A Local Improvement District, Series 2008, 5.200%, 6/01/31 | 10/21 at 100.00 | Aa3 | 396,620 | ||
Lake County School District 52 Bethel, Oregon, General Obligation Bonds, Series 2021B: | ||||||
800 | 4.000%, 6/15/34 | 6/31 at 100.00 | Aa1 | 1,009,912 | ||
1,500 | 4.000%, 6/15/35 | 6/31 at 100.00 | Aa1 | 1,889,115 | ||
1,200 | Lake Oswego, Oregon, General Obligation Bonds, Refunding Full Faith & Credit Series 2017, 4.000%, 12/01/31 | 12/27 at 100.00 | AAA | 1,426,176 | ||
2,000 | Lane Community College, Oregon, General Obligation Bonds, Series 2020A, 4.000%, 6/15/34 | 6/30 at 100.00 | Aa1 | 2,445,780 | ||
1,105 | Lane County School District 4J Eugene, Oregon, General Obligation Bonds, Series 2019, 4.000%, 6/15/35 | 6/29 at 100.00 | Aa1 | 1,326,630 |
60
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$510 | Lebanon Rural Fire Protection District, Linn County, Oregon, General Obligation Bonds, Series 2020, 4.000%, 6/15/33 – BAM Insured | 6/27 at 100.00 | AA | $583,124 | ||
205 | Linn and Marion Counties School District 129J Santiam Canyon, Oregon, General Obligation Bonds, Series 2019, 5.000%, 6/15/34 | 6/29 at 100.00 | AA+ | 260,881 | ||
Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2020B: | ||||||
1,135 | 5.000%, 6/15/32 | 6/30 at 100.00 | AA+ | 1,508,665 | ||
1,000 | 5.000%, 6/15/33 | 6/30 at 100.00 | AA+ | 1,324,730 | ||
Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Series 2018: | ||||||
1,500 | 5.000%, 6/15/31 | 6/28 at 100.00 | AA+ | 1,909,905 | ||
2,000 | 5.000%, 6/15/33 | 6/28 at 100.00 | AA+ | 2,537,040 | ||
Marion County School District 103 Woodburn, Oregon, General Obligation Bonds, Series 2015: | ||||||
1,000 | 5.000%, 6/15/27 | 6/25 at 100.00 | Aa1 | 1,174,320 | ||
1,000 | 5.000%, 6/15/33 | 6/25 at 100.00 | Aa1 | 1,168,140 | ||
1,000 | Marion County School District 15 North Marion, Oregon, General Obligation Bonds, Series 2018B, 5.000%, 6/15/31 | 6/28 at 100.00 | AA+ | 1,259,740 | ||
2,500 | Metro, Oregon, General Obligation Bonds, Series 2020A, 4.000%, 6/01/34 | 6/30 at 100.00 | AAA | 3,101,975 | ||
Multnomah County School District 7, Reynolds, Oregon, General Obligation Bonds, Refunding Series 2020: | ||||||
200 | 4.000%, 6/01/32 | 6/30 at 100.00 | Aa3 | 245,194 | ||
135 | 4.000%, 6/01/33 | 6/30 at 100.00 | Aa3 | 164,938 | ||
250 | 3.000%, 6/01/34 | 6/30 at 100.00 | Aa3 | 279,448 | ||
Multnomah County School District 7, Reynolds, Oregon, General Obligation Bonds, Series 2015A: | ||||||
1,500 | 5.000%, 6/15/29 | 6/25 at 100.00 | Aa1 | 1,755,285 | ||
2,250 | 5.000%, 6/15/30 | 6/25 at 100.00 | Aa1 | 2,632,927 | ||
1,190 | Nestucca Valley School District 101, Tillamook & Yamhill Counties, Oregon, General Obligation Bonds, Series 2018B Current Interest, 5.000%, 6/15/29 | 6/28 at 100.00 | AA+ | 1,516,108 | ||
Oregon City, Oregon, General Obligation Bonds, Series 2018: | ||||||
350 | 5.000%, 6/01/30 | 6/28 at 100.00 | AA+ | 445,273 | ||
765 | 5.000%, 6/01/31 | 6/28 at 100.00 | AA+ | 969,018 | ||
25 | Oregon State, General Obligation Bonds, Alterrnative Energy Series 2011B, 5.000%, 1/01/23 (AMT) | 9/21 at 100.00 | AA+ | 25,063 | ||
2,255 | Oregon State, General Obligation Bonds, Article XI-Q State Projects, Refunding Series 2016G, 5.000%, 11/01/29 | 5/26 at 100.00 | AA+ | 2,716,283 |
61
Nuveen Oregon Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
Pacific Communities Health District, Oregon, General Obligation Bonds, Series 2016: | ||||||
$325 | 5.000%, 6/01/27 | 6/26 at 100.00 | A1 | $389,448 | ||
350 | 5.000%, 6/01/28 | 6/26 at 100.00 | A1 | 418,138 | ||
750 | 5.000%, 6/01/29 | 6/26 at 100.00 | A1 | 893,700 | ||
1,000 | 5.000%, 6/01/30 | 6/26 at 100.00 | A1 | 1,185,450 | ||
770 | 5.000%, 6/01/31 | 6/26 at 100.00 | A1 | 910,440 | ||
1,210 | Phoenix-Talent School District 4, Jackson County, Oregon, General Obligation Bonds, Current Interest Series 2018B, 5.000%, 6/15/32 | 6/28 at 100.00 | AA+ | 1,512,827 | ||
Port of Alsea, Lincoln County, Oregon, General Obligation Bonds, Series 2018: | ||||||
225 | 3.750%, 6/15/28 | No Opt. Call | N/R | 245,716 | ||
180 | 4.000%, 6/15/33 | 6/28 at 100.00 | N/R | 200,912 | ||
900 | Portland Community College District, Multnomah County, Oregon, General Obligation Bonds, Refunding Series 2016, 5.000%, 6/15/29 | 6/26 at 100.00 | AA+ | 1,089,117 | ||
Portland Community College District, Multnomah County, Oregon, General Obligation Bonds, Series 2018: | ||||||
1,500 | 5.000%, 6/15/29 | 6/26 at 100.00 | AA+ | 1,815,195 | ||
1,050 | 5.000%, 6/15/30 | 6/26 at 100.00 | AA+ | 1,270,080 | ||
2,235 | Portland, Oregon, General Obligation Bonds, Sellwood Bridge Project, Series 2014A, 5.000%, 6/01/28 | 6/24 at 100.00 | Aaa | 2,519,694 | ||
340 | Redmond, Oregon, Full Faith and Credit Obligations, Refunding Series 2012A, 4.000%, 6/01/25 | 6/22 at 100.00 | Aa3 | 349,625 | ||
350 | Redmond, Oregon, Full Faith and Credit Obligations, Series 2014A, 5.000%, 6/01/25 | 6/24 at 100.00 | Aa3 | 394,993 | ||
630 | Redmond, Oregon, Full Faith and Credit Obligations, Series 2019B-1, 5.000%, 6/01/36 | 12/28 at 100.00 | Aa3 | 796,786 | ||
500 | Rogue Community College District, Jackson and Jospehine Counties, Oregon, General Obligation Bonds, Jackson County Service Area, Series 2016B, 4.000%, 6/15/31 | 6/26 at 100.00 | Aa1 | 575,550 | ||
800 | Salem-Keizer School District 24J, Marion and Polk Counties, Oregon, General Obligation Bonds, Series 2009B, 0.000%, 6/15/22 | No Opt. Call | AA+ | 799,392 | ||
Sherwood, Oregon, General Obligation Bonds, Refunding Full Faith & Credit Series 2021: | ||||||
605 | 4.000%, 6/01/31 | 6/30 at 100.00 | Aa2 | 752,935 | ||
650 | 4.000%, 6/01/32 | 6/30 at 100.00 | Aa2 | 805,987 | ||
675 | 4.000%, 6/01/33 | 6/30 at 100.00 | Aa2 | 837,277 | ||
330 | 4.000%, 6/01/34 | 6/30 at 100.00 | Aa2 | 407,913 | ||
Umatilla County School District 6R Umatilla, Oregon, General Obligation Bonds, Series 2017: | ||||||
245 | 0.000%, 6/15/27 (4) | No Opt. Call | AA+ | 280,586 | ||
340 | 0.000%, 6/15/29 (4) | 6/27 at 100.00 | AA+ | 384,414 | ||
315 | 0.000%, 6/15/31 (4) | 6/27 at 100.00 | AA+ | 353,632 | ||
1,000 | Umatilla County School District R61Stanfield, Oregon, General Obligation Bonds, Series 2019, 4.000%, 6/15/34 | 6/29 at 100.00 | AA+ | 1,207,010 | ||
1,250 | Washington and Clackamas Counties School District 23J Tigard-Tualatin, Oregon, General Obligation Bonds, Series 2017, 5.000%, 6/15/30 | 6/27 at 100.00 | AA+ | 1,546,587 |
62
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/General (continued) | ||||||
$965 | Washington County School District 15, Forest Grove, Oregon, General Obligation Bonds, Series 2012B, 0.000%, 6/15/25 | No Opt. Call | AA+ | $941,570 | ||
1,320 | Washington County, Oregon, General Obligation Bonds, Full Faith & Credit Obligation Series 2016B, 4.000%, 3/01/31 | 3/26 at 100.00 | Aaa | 1,509,407 | ||
Washington Multnomah & Yamhill Counties School District 1J Hillsboro, Oregon, General Obligation Bonds, Series 2017: | ||||||
990 | 5.000%, 6/15/31 | 6/27 at 100.00 | Aa1 | 1,228,590 | ||
3,750 | 5.000%, 6/15/32 | 6/27 at 100.00 | Aa1 | 4,639,987 | ||
1,000 | Washington, Clackamas and Yamhill Counties School District 88J Sherwood, Oregon, General Obligation Bonds, Series 2017B, 5.000%, 6/15/30 | 6/27 at 100.00 | AA+ | 1,246,240 | ||
1,500 | Yamhill County School District 29J Newberg, Oregon, General Obligation Bonds, Series 2021B, 4.000%, 6/15/32 | 6/31 at 100.00 | Aa1 | 1,896,990 | ||
Yamhill County School District 40, McMinnville, Oregon, General Obligation Bonds, Refunding Series 2016: | ||||||
1,000 | 4.000%, 6/15/31 | 6/26 at 100.00 | AA+ | 1,155,180 | ||
1,000 | 4.000%, 6/15/32 | 6/26 at 100.00 | AA+ | 1,152,250 | ||
195 | Yamhill County School District 8 Dayton, Oregon, General Obligation Bonds, Refunding & Project Series 2019, 5.000%, 6/15/33 | 6/29 at 100.00 | AA+ | 249,748 | ||
102,915 | Total Tax Obligation/General | 124,363,586 | ||||
Tax Obligation/Limited – 9.2% | ||||||
Beaverton, Oregon, Special Revenue Bonds, Series 2020A: | ||||||
300 | 5.000%, 6/01/32 | 6/30 at 100.00 | Aa3 | 395,469 | ||
400 | 5.000%, 6/01/34 | 6/30 at 100.00 | Aa3 | 522,588 | ||
Deschutes Public Library District, Deschutes County, Oregon, General Obligation Bonds, Series 2021: | ||||||
900 | 4.000%, 6/01/31 | No Opt. Call | Aa2 | 1,141,092 | ||
600 | 4.000%, 6/01/33 | 6/31 at 100.00 | Aa2 | 753,564 | ||
Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D: | ||||||
2,260 | 5.000%, 11/15/28 | 11/25 at 100.00 | BB | 2,625,871 | ||
500 | 5.000%, 11/15/29 | 11/25 at 100.00 | BB | 578,455 | ||
750 | Metro, Oregon, Dedicated Tax Revenue Bonds, Oregon Convention Center Hotel, Series 2017, 5.000%, 6/15/30 | 6/27 at 100.00 | Aa3 | 927,952 | ||
1,270 | Oregon Department of Administrative Services, State Lottery Revenue Bonds, Refunding Series 2014B, 5.000%, 4/01/27 | 4/24 at 100.00 | AAA | 1,421,994 | ||
Oregon State Bond Bank, Revenue Bonds, Oregon Business Development Department, Refunding Series 2021A: | ||||||
275 | 5.000%, 1/01/31 | No Opt. Call | AA+ | 371,624 | ||
285 | 5.000%, 1/01/32 | 1/31 at 100.00 | AA+ | 383,459 | ||
200 | 5.000%, 1/01/33 | 1/31 at 100.00 | AA+ | 268,162 | ||
1,000 | Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Subordinate Lien Series 2020A, 5.000%, 11/15/35 | 11/30 at 100.00 | AA+ | 1,335,520 |
63
Nuveen Oregon Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tax Obligation/Limited (continued) | ||||||
$1,000 | Portland, Oregon, River District Urban Renewal and Redevelopment Bonds, Series 2012B, 5.000%, 6/15/23 | 6/22 at 100.00 | Aa3 | $1,037,550 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
499 | 0.000%, 7/01/29 | 7/28 at 98.64 | N/R | 438,851 | ||
2,189 | 0.000%, 7/01/31 | 7/28 at 91.88 | N/R | 1,775,038 | ||
1,906 | 0.000%, 7/01/33 | 7/28 at 86.06 | N/R | 1,436,991 | ||
614 | 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 679,784 | ||
1,260 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2, 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 1,432,343 | ||
1,600 | Seaside, Clatsop County, Oregon, Transient Lodgings Tax Revenue Bonds, Series 2018, 5.000%, 12/15/30 | 6/28 at 100.00 | A3 | 1,990,800 | ||
1,000 | Tri-County Metropolitan Transportation District, Oregon, Capital Grant Receipt Revenue Bonds, Refunding Series 2017A, 5.000%, 10/01/27 | No Opt. Call | A | 1,246,160 | ||
Tri-County Metropolitan Transportation District, Oregon, Capital Grant Receipt Revenue Bonds, Series 2018A: | ||||||
1,000 | 5.000%, 10/01/31 | 4/28 at 100.00 | A | 1,240,170 | ||
750 | 4.000%, 10/01/33 | 4/28 at 100.00 | A | 870,442 | ||
Tri-County Metropolitan Transportation District, Oregon, Payroll Tax Revenue Bonds, Refunding Senior Lien Series 2016A: | ||||||
1,000 | 4.000%, 9/01/31 | 9/26 at 100.00 | AAA | 1,158,560 | ||
655 | 4.000%, 9/01/32 | 9/26 at 100.00 | AAA | 756,990 | ||
Tri-County Metropolitan Transportation District, Oregon, Payroll Tax Revenue Bonds, Senior Lien Series 2018A: | ||||||
1,000 | 5.000%, 9/01/30 | 9/27 at 100.00 | AAA | 1,254,240 | ||
855 | 5.000%, 9/01/31 | 9/27 at 100.00 | AAA | 1,069,964 | ||
340 | Tri-County Metropolitan Transportation District, Oregon, Payroll Tax Revenue Bonds, Senior Lien Series 2019A, 5.000%, 9/01/34 | 9/29 at 100.00 | AAA | 442,282 | ||
24,408 | Total Tax Obligation/Limited | 27,555,915 | ||||
Transportation – 4.5% | ||||||
Jackson County, Oregon, Airport Revenue Bonds, Refunding Series 2016: | ||||||
395 | 5.000%, 12/01/30 – AGM Insured | 6/26 at 100.00 | AA | 471,436 | ||
430 | 5.000%, 12/01/31 – AGM Insured | 6/26 at 100.00 | AA | 513,042 | ||
380 | 5.000%, 12/01/33 – AGM Insured | 6/26 at 100.00 | AA | 453,188 | ||
350 | 4.000%, 12/01/34 – AGM Insured | 6/26 at 100.00 | AA | 396,788 | ||
500 | Port of Portland, Oregon, International Airport Revenue Bonds, Refunding Series 2020-26C, 5.000%, 7/01/28 (AMT) | No Opt. Call | A+ | 634,425 | ||
1,030 | Port of Portland, Oregon, International Airport Revenue Bonds, Series 2011, 5.000%, 7/01/23 (AMT) | 9/21 at 100.00 | A+ | 1,032,657 | ||
1,250 | Port of Portland, Oregon, International Airport Revenue Bonds, Series 2015-23, 5.000%, 7/01/28 | 7/25 at 100.00 | A+ | 1,462,375 |
64
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Transportation (continued) | ||||||
Port of Portland, Oregon, International Airport Revenue Bonds, Series 2019-25B: | ||||||
$1,105 | 5.000%, 7/01/31 (AMT) | 7/29 at 100.00 | A+ | $1,415,063 | ||
1,850 | 5.000%, 7/01/33 (AMT) | 7/29 at 100.00 | A+ | 2,351,350 | ||
2,500 | Port of Portland, Oregon, International Airport Revenue Bonds, Series 2020-27A, 5.000%, 7/01/33 (AMT) | 7/30 at 100.00 | A+ | 3,251,775 | ||
1,500 | Port of Portland, Oregon, Portland International Airport Passenger Facility Charge Revenue Bonds, Series 2011A, 5.000%, 7/01/26 | 9/21 at 100.00 | A | 1,515,015 | ||
11,290 | Total Transportation | 13,497,114 | ||||
U.S. Guaranteed – 8.3% (5) | ||||||
1,105 | Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation Bonds, Series 2014B, 5.000%, 6/15/27 (Pre-refunded 6/15/24) | 6/24 at 100.00 | AA+ | 1,253,612 | ||
2,000 | Clackamas and Washington Counties School District 3JT, Oregon, General Obligation Bonds, Refunding Series 2015, 5.000%, 6/15/30 (Pre-refunded 6/15/25) | 6/25 at 100.00 | AA+ | 2,356,080 | ||
1,135 | Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Refunding Series 2014, 5.000%, 6/15/28 (Pre-refunded 6/15/24) | 6/24 at 100.00 | AA+ | 1,287,646 | ||
Clackamas County School District 62, Oregon City, Oregon, General Obligation Bonds, Refunding Series 2014: | ||||||
255 | 5.000%, 6/01/29 (Pre-refunded 6/01/24) | 6/24 at 100.00 | AA | 288,441 | ||
325 | 5.000%, 6/01/29 (Pre-refunded 6/01/24) | 6/24 at 100.00 | AA | 368,098 | ||
525 | Clackamas County School District 86, Oregon, General Obligation Bonds, Refunding Series 2012A, 5.000%, 6/15/25 (Pre-refunded 6/15/22) | 6/22 at 100.00 | AA+ | 545,207 | ||
1,635 | Lake County School District 52 Bethel, Oregon, General Obligation Bonds, Series 2013B, 5.000%, 6/15/33 (Pre-refunded 6/15/24) | 6/24 at 100.00 | Aa1 | 1,854,891 | ||
300 | Marion-Clackamas Counties School District 4J Silver Falls, Oregon, General Obligation Bonds, Refunding Series 2013, 5.000%, 6/15/24 (Pre-refunded 6/15/23) | 6/23 at 100.00 | Aa1 | 325,716 | ||
Oregon Facilities Authority, Revenue Bonds, CHF-Ashland, LLC Southern Oregon University Project Series 2012: | ||||||
1,185 | 4.350%, 7/01/27 (Pre-refunded 7/01/22) | 7/22 at 100.00 | A2 | 1,226,795 | ||
400 | 4.700%, 7/01/33 (Pre-refunded 7/01/22) | 7/22 at 100.00 | A2 | 415,268 | ||
Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
1,980 | 5.000%, 11/15/26 (Pre-refunded 11/15/24) | 11/24 at 100.00 | AAA | 2,283,950 | ||
1,000 | 5.000%, 11/15/27 (Pre-refunded 11/15/24) | 11/24 at 100.00 | AAA | 1,153,510 | ||
Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Refunding Senior Lien Series 2015A: | ||||||
2,000 | 5.000%, 11/15/27 (Pre-refunded 11/15/24) | 11/24 at 100.00 | AAA | 2,307,020 | ||
2,500 | 5.000%, 11/15/28 (Pre-refunded 11/15/24) | 11/24 at 100.00 | AAA | 2,883,775 | ||
Tigard, Washington County, Oregon, Water System Revenue Bonds, Series 2012: | ||||||
1,435 | 5.000%, 8/01/26 (Pre-refunded 8/01/22) | 8/22 at 100.00 | AA- | 1,499,202 | ||
1,915 | 5.000%, 8/01/30 (Pre-refunded 8/01/22) | 8/22 at 100.00 | AA- | 2,000,677 | ||
1,715 | Tri-County Metropolitan Transportation District, Oregon, Capital Grant Receipt Revenue Bonds, Series 2011A, 5.000%, 10/01/26 (Pre-refunded 10/01/21) | 10/21 at 100.00 | A | 1,721,706 |
65
Nuveen Oregon Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
U.S. Guaranteed (5) (continued) | ||||||
$1,080 | Umatilla County School District 016R Pendleton, Oregon, General Obligation Bonds, Series 2014A, 5.000%, 6/15/29 (Pre-refunded 6/15/24) | 6/24 at 100.00 | Aa1 | $1,225,249 | ||
22,490 | Total U.S. Guaranteed | 24,996,843 | ||||
Utilities – 8.9% | ||||||
1,295 | Albany, Oregon, General Obligation Bonds, Refunding Series 2013, 5.000%, 8/01/25 | 8/23 at 100.00 | Aa3 | 1,411,576 | ||
1,035 | Bend, Oregon, Sewer Revenue Bonds, Series 2020, 5.000%, 5/01/33 | 5/30 at 100.00 | AA | 1,372,244 | ||
Central Lincoln Peoples Utility District, Oregon, Electric Revenue Bonds, Series 2016: | ||||||
500 | 3.500%, 12/01/29 | 12/25 at 100.00 | AA- | 553,215 | ||
350 | 5.000%, 12/01/33 | 12/25 at 100.00 | AA- | 414,120 | ||
350 | 5.000%, 12/01/34 | 12/25 at 100.00 | AA- | 413,634 | ||
270 | Clackamas River Water, Oregon, Water Revenue Bonds, Series 2016, 5.000%, 11/01/33 | 5/25 at 100.00 | AA- | 312,919 | ||
500 | Emerald Peoples Utility District, Oregon, Electric System Revenue Bonds, Refunding Series 2013, 5.000%, 11/01/22 – AGM Insured | No Opt. Call | A1 | 528,100 | ||
Eugene, Oregon, Electric Utility Revenue Bonds, Series 2020A: | ||||||
250 | 4.000%, 8/01/32 | 8/30 at 100.00 | Aa2 | 308,525 | ||
650 | 4.000%, 8/01/33 | 8/30 at 100.00 | Aa2 | 799,337 | ||
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2016: | ||||||
1,065 | 5.000%, 7/01/28 | 7/26 at 100.00 | A- | 1,244,623 | ||
1,120 | 5.000%, 7/01/29 | 7/26 at 100.00 | A- | 1,304,139 | ||
1,180 | 5.000%, 7/01/30 | 7/26 at 100.00 | A- | 1,366,936 | ||
250 | Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/21 – AGM Insured | No Opt. Call | AA | 250,938 | ||
2,000 | Portland, Oregon, Sewer System Revenue Bonds, Refunding Second Lien Series 2019A, 5.000%, 3/01/32 | 9/29 at 100.00 | AA | 2,613,020 | ||
1,880 | Portland, Oregon, Sewer System Revenue Bonds, Second Lien Series 2018A, 4.500%, 5/01/30 | 5/26 at 100.00 | AA | 2,219,321 | ||
2,500 | Portland, Oregon, Water System Revenue Bonds, Refunding First Lien Series 2016A, 4.000%, 4/01/33 | 4/26 at 100.00 | Aa1 | 2,854,150 | ||
3,000 | Portland, Oregon, Water System Revenue Bonds, Second Lien Series 2019A, 5.000%, 5/01/34 | 11/29 at 100.00 | Aa2 | 3,910,950 | ||
1,015 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2020A, 5.000%, 7/01/30, 144A | No Opt. Call | N/R | 1,285,020 | ||
Rockwood Water People's Utility District, Oregon, Water Revenue Bonds, Refunding Series 2021: | ||||||
300 | 4.000%, 6/15/28 | No Opt. Call | Aa3 | 363,426 | ||
235 | 4.000%, 6/15/29 | No Opt. Call | Aa3 | 289,513 | ||
450 | 4.000%, 6/15/30 | No Opt. Call | Aa3 | 560,885 | ||
310 | 4.000%, 6/15/31 | No Opt. Call | Aa3 | 392,286 | ||
255 | 4.000%, 6/15/33 | 6/31 at 100.00 | Aa3 | 319,658 | ||
1,000 | Sunrise Water Authority, Oregon, Water Revenue Bonds, Refunding Series 2014, 4.000%, 3/01/23 | No Opt. Call | AA | 1,056,220 |
66
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utilities (continued) | ||||||
$525 | Warm Springs Reservation Confederated Tribes, Oregon, Hydroelectric Revenue Bonds, Tribal Economic Development Bond Pelton Round Butte Project, Taxable Refunding Green Series 2019B, 5.000%, 11/01/33, 144A | 5/29 at 100.00 | A3 | $645,698 | ||
22,285 | Total Utilities | 26,790,453 | ||||
$242,178 | Total Long-Term Investments (cost $266,018,542) | 284,023,575 | ||||
Other Assets Less Liabilities – 5.6% | 16,778,513 | |||||
Net Assets – 100% | $300,802,088 |
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 | $ — | $284,023,575 | $ — | $284,023,575 |
67
Nuveen Oregon Intermediate Municipal Bond Fund
(continued)
Portfolio of Investments August 31, 2021
(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) | Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. | |
(5) | 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. | |
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 | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
68