UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
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| Investment Company Act file number |
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811-05120 |
Nuveen Municipal Value Fund, Inc.
(Exact name of registrant as
specified in charter)
Nuveen Investments
333 West Wacker Drive
Chicago, IL
60606
(Address of principal
executive offices) (Zip code)
Mark L. Winget
Nuveen Investments
333 West Wacker
Drive
Chicago, IL 60606
(Name and address of agent for service)
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| Registrant’s telephone number, including area code: |
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(312) 917-7700 |
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| Date of fiscal year end: |
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October 31 |
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| Date of reporting period: |
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October 31, 2023 |
Form N-CSR is to be used by management investment companies to file reports with the
Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this
information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”)
control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC
20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.
| ITEM 1. |
REPORTS TO STOCKHOLDERS. |
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Closed-End Funds |
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October 31,
2023 |
Nuveen Municipal Closed-End Funds
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| Nuveen Municipal Value Fund, Inc. |
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NUV |
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| Nuveen AMT-Free Municipal Value Fund |
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NUW |
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| Nuveen Municipal Income Fund, Inc. |
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NMI |
Annual
Report
Table
of Contents
2
Chair’s Letter
to Shareholders
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Dear Shareholders,
Financial markets spent the past year focused on the direction of inflation and whether policy makers would be able to deliver a soft landing in their economies. After
more than a year and a half of interest rate increases by the U.S. Federal Reserve (Fed) and other central banks, financial conditions have tightened and inflation rates have cooled considerably. The Fed increased the target fed funds rate from near
zero in March 2022 to a range of 5.25% to 5.50% as of November 2023, with pauses in June 2023, September 2023 and November 2023. But current inflation rates remain above central banks’ targets, and the trajectory from here is difficult to
predict given that monetary policy acts on the economy with long and variable lags.
Surprisingly, economies were relatively resilient for much of 2023. By year-end, the “most predicted recession” had yet
to materialize in the U.S., while U.K. and European economic growth was just beginning to show signs of stagnation or decline. U.S. gross domestic product rose 5.2% in the third quarter of 2023, 2.1% in the second quarter of 2023 and 2.0% in the
first quarter of 2023, after growing 2.1% in 2022 overall compared to 2021. Much of the growth was driven by a relatively strong jobs market, which kept consumer sentiment and spending elevated despite long-term interest rates nearing multi-year
highs, a series of U.S. regional bank failures and shocks from flaring geopolitical tensions.
While central banks are likely nearing the end of this interest rate hiking cycle, there are still upside risks to inflation and downside risks to the economy. Some
labor market and consumer indicators are softening. Government funding and deficits remain a concern, especially as the U.S. election year gets underway. The markets will continue to try to anticipate monetary policy shifts as the Fed evaluates
incoming data and adjusts its rate setting activity on a meeting-by-meeting basis. Geopolitical risks – from relations with China, to wars in Europe and the Middle
East – also expand the range of outcomes from economies and markets around the world. All these uncertainties, and others, will remain sources of short-term market volatility. In this environment, Nuveen remains committed to filtering the
market noise for investable opportunities that ultimately serve long-term investment objectives. Maintaining a long-term perspective is also important for investors, and we encourage you to review your time horizon, risk tolerance and investment
goals with your financial professional. On behalf of the other members of the Nuveen Fund
Board, we look forward to continuing to earn your trust in the months and years ahead.
Terence J. Toth
Chair of the Board
December 22, 2023 |
3
Important Notices
Investment Policy Updates for NMI
Effective September 29, 2023, the
Fund’s Board of Directors approved certain investment policy changes for the Fund. The policy changes grant the Fund more flexibility to invest in lower rated municipal securities. For a description of the investment policy changes please see
the Shareholder Update section within this report. In addition, the Fund’s performance benchmark was changed from the S&P Municipal Bond Index to a linked benchmark comprised of the return streams from 100% of the S&P Municipal Bond
Index through September 29, 2023 and thereafter 100% of the S&P Municipal Yield Index. The Fund’s investment objective to provide a high level of current income exempt from federal income tax remains unchanged.
For more information regarding these changes, please visit Nuveen’s CEF homepage
www.nuveen.com/closed-end-funds.
Portfolio Manager Updates
Effective October 13, 2023, Kristen DeJong, CFA, and Scott Romans, Ph.D. were added as a portfolio manager of NMI. Effective October 13, 2023, Kristen DeJong,
CFA, was also added as a portfolio manager of NUV and NUW. Christopher Drahn will also continue to serve as a portfolio manager of NMI until his retirement on April 1, 2024. There were no other changes to the portfolio management of the Funds
during the reporting period.
4
Portfolio Managers’
Comments
Nuveen Municipal Value
Fund, Inc. (NUV)
Nuveen AMT-Free Municipal Value Fund (NUW)
Nuveen Municipal Income Fund, Inc. (NMI)
These Funds feature portfolio
management by Nuveen Asset Management, LLC (NAM), an affiliate of Nuveen Fund Advisors, LLC, the Funds’ investment adviser. Portfolio manager Daniel Close, CFA, and Kristen DeJong, CFA, manage the Nuveen Municipal Value Fund, Inc. (NUV) and
Nuveen AMT-Free Municipal Value Fund (NUW). Christopher Drahn, CFA, Kristen DeJong, CFA, and Scott Romans, PhD. serve as portfolio managers for the Nuveen Municipal Income Fund, Inc. (NMI).
Effective October 13, 2023, Kristen DeJong was added as portfolio manager of the Nuveen Municipal Value Fund, Inc. (NUV) and Nuveen AMT-Free Municipal Value Fund (NUW). Kristen DeJong and Scott Romans were added as portfolio managers of the Nuveen Municipal Income Fund, Inc. (NMI). Christopher Drahn will be retiring as a portfolio manager of NMI
on April 1, 2024.
Effective September 29, 2023, the benchmark for the Nuveen Municipal Income Fund, Inc. (NMI) changed to a linked benchmark
comprised of the return streams from 100% of the S&P Municipal Bond Index through September 29, 2023, and thereafter 100% of the S&P Municipal Yield Index.
Here the portfolio management teams discuss U.S. economic and municipal market conditions, key investment strategies and the Funds’ performance for the
twelve-month reporting period ended October 31, 2023. For more information on the Funds’ investment objectives and policies, please refer to the Shareholder Update section at the end of the report.
What factors affected the U.S. economy and market conditions during the twelve-month annual reporting period ended October 31, 2023?
The U.S. economy performed better than expected despite persistent inflationary pressure and rising interest rates during the twelve-month period ended October 31,
2023. Gross domestic product accelerated sharply in the third quarter of 2023 to an annualized rate of 5.2%, according to the U.S. Bureau of Economic Analysis second estimate, up from 2.1% in the second quarter of 2023. By comparison, GDP grew 2.1%
in 2022 overall. Early in the reporting period, inflation had risen sharply because of supply chain disruptions and high food and energy prices, the Russia-Ukraine war and China’s zero-COVID restrictions
(lifted in December 2022). Since then, price pressures have eased given normalization in supply chains, falling energy prices and aggressive measures by the U.S. Federal Reserve (Fed) and other global central banks to tighten financial conditions
and slow demand in their economies. Nevertheless, during the reporting period inflation levels remained much higher than central banks’ target levels.
The Fed
raised its target fed funds rate six times during the reporting period, bringing it to a range of 5.25% to 5.50% as of July 2023 and voting to hold it at that level at its next two meetings held near the end of the reporting period. For much of the
reporting period, the Fed’s activity led to significant volatility in bond and stock markets, given the uncertainty of how rising interest rates would affect the economy. One of the most highly visible impacts occurred in the U.S. regional
banking sector in March 2023, when Silicon Valley Bank, Signature Bank, First Republic Bank and Silvergate Bank failed. In the same month, Swiss bank UBS agreed to buy Credit Suisse, which was considered vulnerable in the current environment. The
Fed’s monetary tightening policy also contributed to an increase in the U.S. dollar’s value relative to major world currencies, which acts as a headwind to the profits of international companies and U.S. domestic companies with overseas
earnings.
During the reporting period, elevated inflation and higher borrowing costs weighed on some segments of the economy, including the real estate market.
Consumer spending, however, has remained more resilient than expected, in part because of a still-strong labor market, another key gauge of the economy’s health. As of October 2023, the unemployment rate was 3.9%, rising from its pre-pandemic low, with monthly job growth continuing to moderate. The strong labor market and wage gains helped the U.S. economy during the reporting period, even as the Fed sought to soften job growth to help curb
inflation pressures.
During the reporting period, investors also continued to monitor government funding and deficits. The U.S. government avoided a default
scenario after approving an increase to the debt ceiling limit in June 2023. At the same time, the potential for a government shutdown loomed but was ultimately avoided with funding resolutions passed in September 2023 and, subsequent to the close
of the reporting period, November 2023. Notably, in August 2023, ratings agency Fitch downgraded U.S. debt from AAA to AA+ based on concerns about the U.S.’s growing fiscal debt and reduced confidence in fiscal management.
The broad municipal bond market was impacted by interest rate volatility and economic uncertainty during the reporting period. Municipal yields rose across the maturity
spectrum, but the move was uneven. The greatest increase in yields was at the shorter end
5
Portfolio Managers’ Comments (continued)
of the curve as markets priced in a more aggressive pace of monetary tightening to combat
persistently high inflation. Although municipal bonds continued to exhibit relatively strong credit fundamentals, there were periods of spread widening during the reporting period as the market sell-off
continued.
Nuveen Municipal Value Fund, Inc. (NUV)
What key
strategies were used to manage the Fund during the twelve-month reporting period ended October 31, 2023?
NUV’s investment objective is to provide
current income exempt from regular federal income tax, investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain U.S. territories.
During the reporting period, the Fund’s trading activity remained focused on pursuing the Fund’s investment objective. The rising yield environment during this
reporting period was favorable for the Fund to reset embedded yields higher in its portfolio, primarily by executing on tax-loss swap opportunities. This strategy involves selling depreciated bonds with lower
embedded yields to reinvest in similarly structured, higher income-producing bonds to support the Fund’s income earnings and capture tax efficiencies.
During
the reporting period, buying was focused on longer dated, 4% and 5% coupon structures in the BBB to A rated credit quality range. Purchases were funded from the proceeds of called and maturing bonds, as well as from tax loss swapping.
As of October 31, 2023, NUV continued to use inverse floating rate securities. The Fund employs inverse floating rate securities, which are the residual interest in
a tender option bond (TOB) trust, and are sometimes referred to as “inverse floaters,” for a variety of reasons, including duration management, income enhancement and total return enhancement.
How did the Fund perform during the twelve-month reporting period ended October 31, 2023?
For the twelve-month reporting period ended October 31, 2023, NUV outperformed the S&P Municipal Bond Index. For the purposes of this Performance Commentary,
references to relative performance are in comparison to the S&P Municipal Bond Index.
The primary contributor to NUV’s relative performance was its
overweights to A and BBB rated credit quality bonds and corresponding underweights to AAA and AA rated bonds. Security selection also contributed to the Fund’s relative performance, particularly in zero coupon bonds held over the full reporting
period and a position in the Florida high speed rail, Brightline, which was still held at the end of the reporting period. Brightline’s Orlando station completed construction and opened to the public during the period while ridership growth has
continued to gain momentum. In addition, the Fund benefited from an overweight allocation to the outperforming dedicated tax sector and an underweight to the life care sector, which mitigated the fund’s exposure to the sector’s downturn.
Partially offsetting the Fund’s outperformance was an underweight to the industrial development revenue (IDR) sector, which outperformed during the reporting
period. Additionally, relative performance was negatively impacted by the Fund’s exposure to bonds purchased earlier in the reporting period when interest rates were lower. These bonds generally underperformed as rates rose over the remainder
of the reporting period.
Nuveen AMT-Free Municipal Value Fund (NUW)
What key strategies were used to manage the Fund during the twelve-month reporting period ended October 31, 2023?
NUW’s investment objective is to provide current income exempt from regular federal income tax, investing primarily in a portfolio of municipal obligations issued
by state and local government authorities or certain U.S. territories.
During the reporting period, the Fund’s trading activity remained focused on pursuing
the Fund’s investment objectives. The rising yield environment during this reporting period was favorable for the Fund to reset embedded yields higher in its portfolio, primarily by executing on tax-loss
swap opportunities. This strategy involves selling depreciated bonds with lower embedded yields to reinvest in similarly structured, higher income-producing bonds to support the Fund’s income earnings and capture tax efficiencies.
During the reporting period, buying was focused on longer dated, 4% and 5% coupon structures in the BBB to A rated credit quality range. Purchases were funded from the
proceeds of called and maturing bonds, as well as from tax loss swapping.
6
As of October 31, 2023, NUW continued to use inverse floating rate securities. The Fund
employs inverse floating rate securities, which are the residual interest in a tender option bond (TOB) trust, and are sometimes referred to as “inverse floaters,” for a variety of reasons, including duration management, income enhancement
and total return enhancement.
How did the Fund perform during the twelve-month reporting period ended October 31, 2023?
For the twelve-month reporting period ended October 31, 2023, NUW outperformed the S&P Municipal Bond Index. For the purposes of this Performance Commentary,
references to relative performance are in comparison to the S&P Municipal Bond Index.
The primary contributor to NUW’s relative performance was security
selection, particularly in zero coupon bonds, which recovered from lows during the period. NUW’s overall duration positioning was also favorable. The Fund’s underweight to the shortest (zero to four year) duration bonds contributed
positively to relative performance earlier in the reporting period while an overweight to the longest (10 years and longer) duration bonds added value later in the period. NUW’s duration shortening hedge through interest rate futures also
positively impacted relative performance over the reporting period. NUW’s credit quality positioning was advantageous, as credit spreads narrowed occasionally throughout the period. Overweight allocations to A and BBB rated bonds added to
relative performance as lower rated categories outperformed the highest grade (AAA and AA rated) categories.
NUW’s outperformance was partially offset by an
underweight to the “other transportation” sector, and especially New York MTA (Metropolitan Transportation Authority) bonds, both of which outperformed. Additionally, relative performance was negatively impacted by the Fund’s exposure
to bonds purchased earlier in the reporting period when interest rates were lower. These bonds generally underperformed as rates rose over the remainder of the reporting period.
Nuveen Municipal Income Fund, Inc. (NMI)
What key strategies were used to
manage the Fund during the twelve-month reporting period ended October 31, 2023?
NMI’s investment objective is to provide current income exempt from
regular federal income tax, investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain U.S. territories.
During the reporting period, the Fund’s trading activity remained focused on pursuing the Fund’s investment objective. The rising yield environment during this
reporting period was favorable for the Fund to reset embedded yields higher in its portfolio, primarily by executing on tax-loss swap opportunities. This strategy involves selling depreciated bonds with lower
embedded yields to reinvest in similarly structured, higher income-producing bonds to support the Fund’s income earnings and capture tax efficiencies.
The
Fund’s weighting in the pre-refunded sector declined over the reporting period, driven by bond calls and maturities. The portfolio management team reinvested the proceeds across a diverse group of
sectors. Notably, NMI increased its weighting in A rated bonds and the airport sector during the reporting period. In October 2023, as a result of investment policy and other related changes, the portfolio management team increased NMI’s
exposure to sub investment grade and non-rated bonds and lengthened the Fund’s duration to align it with the S&P Municipal Yield Index.
How did the Fund perform during the twelve-month reporting period ended October 31, 2023?
For the twelve-month reporting period ended October 31, 2023, NMI outperformed the NMI Linked Benchmark. For the purposes of this reporting period, references to
relative performance are in comparison to the NMI Linked Benchmark, which represents the linked returns between the S&P Municipal Bond Index (through September 29, 2023) and the S&P Municipal Yield Index (subsequent to
September 29, 2023).
During the first 11 months of the reporting period, the primary contributor to NMI’s relative performance versus the S&P
Municipal Bond Index was its overweight to longer-duration bonds. Additional contributors during the first 11 months of the reporting period included overweights to A, BBB and BB rated bonds. The Fund also benefited from overweights to airports and
toll roads, which saw traffic and travel volumes rebound to pre-pandemic levels, and underweights to state and local general obligation bonds, which helped offset the sector’s relative underperformance.
In the one-month period ended October 31, 2023, NMI’s outperformance relative to the S&P Municipal Yield Index was driven by its overweight to higher rated bonds.
7
Portfolio Managers’ Comments (continued)
During the reporting period, there were no material detractors from relative performance.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment
strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be
made based on an investor’s objectives and circumstances and in consultation with his or her advisors.
Certain statements in this report are
forward-looking statements. Discussions of specific investments are for illustration only and are not intended as recommendations of individual investments. The forward-looking statements and other views expressed herein are those of the portfolio
managers as of the date of this report. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and the views expressed herein are subject to change at any time, due to numerous market
and other factors. The Funds disclaim any obligation to update publicly or revise any forward-looking statements or views expressed herein.
For financial
reporting purposes, the ratings disclosed are the highest rating given by one of the following national rating agencies: Standard & Poor’s Group (S&P), Moody’s Investors Service, Inc. (Moody’s) or Fitch, Inc. (Fitch).
This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Credit ratings are subject to change. AAA, AA, A and BBB are investment grade ratings, while BB, B, CCC, CC, C and D are
below investment grade ratings. Holdings designated N/R are not rated by these national rating agencies.
Bond insurance guarantees only the payment of
principal and interest on the bond when due, and not the value of the bonds themselves, which will fluctuate with the bond market and the financial success of the issuer and the insurer. Insurance relates specifically to the bonds in the portfolio
and not to the share prices of a Fund. No representation is made as to the insurers’ ability to meet their commitments.
Refer to the Glossary of Terms
Used in this Report for further definition of the terms used within this section.
8
Common Share Information
COMMON SHARE DISTRIBUTION INFORMATION
The following information
regarding the Funds’ distributions is current as of October 31, 2023. Each Fund’s distribution levels may vary over time based on each Fund’s investment activity and portfolio investment value changes.
During the current reporting period, each Fund’s distributions to common shareholders were as shown in the accompanying table.
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Per Common Share Amounts |
| Monthly Distributions (Ex-Dividend Date) |
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NUV |
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NUW |
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NMI |
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| November |
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$0.0280 |
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$0.0390 |
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$0.0300 |
| December |
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0.0280 |
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0.0390 |
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0.0300 |
| January |
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0.0280 |
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0.0390 |
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0.0300 |
| February |
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0.0280 |
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0.0390 |
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0.0300 |
| March |
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0.0280 |
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0.0390 |
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0.0300 |
| April |
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0.0280 |
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0.0405 |
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0.0300 |
| May |
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0.0280 |
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0.0405 |
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0.0300 |
| June |
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0.0280 |
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0.0405 |
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0.0300 |
| July |
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0.0280 |
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0.0405 |
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0.0315 |
| August |
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0.0280 |
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0.0405 |
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0.0315 |
| September |
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0.0280 |
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0.0405 |
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0.0315 |
| October |
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0.0290 |
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0.0425 |
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0.0315 |
| Total Distributions from Net
Investment Income |
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$0.3370 |
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$0.4805 |
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$0.3660 |
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| Yields |
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NUV |
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NUW |
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NMI |
| Market Yield1 |
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4.36% |
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4.05% |
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4.53% |
| Taxable-Equivalent
Yield1 |
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7.34% |
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6.84% |
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7.65% |
| 1 |
Market Yield is based on the Fund’s current annualized monthly dividend divided by the Fund’s current market
price as of the end of the reporting period. Taxable-Equivalent Yield represents the yield that must be earned on a fully taxable investment in order to equal the yield of the Fund on an after-tax basis. It is
based on a federal income tax rate of 40.8%. Your actual federal income tax rate may differ from the assumed rate. The Taxable-Equivalent Yield also takes into account the percentage of the Fund’s income generated and paid by the Fund (based on
payments made during the previous calendar year) that was not exempt from federal income tax. Separately, if the comparison were instead to investments that generate qualified dividend income, which is taxable at a rate lower than an
individual’s ordinary graduated tax rate, the fund’s Taxable-Equivalent Yield would be lower. |
Each Fund seeks to pay regular monthly
dividends out of its net investment income at a rate that reflects its past and projected net income performance. To permit each Fund to maintain a more stable monthly dividend, the Fund may pay dividends at a rate that may be more or less than the
amount of net income actually earned by the Fund during the period. Distributions to common shareholders are determined on a tax basis, which may differ from amounts recorded in the accounting records. In instances where the monthly dividend exceeds
the earned net investment income, the Fund would report a negative undistributed net ordinary income. Refer to the Notes to Financial Statements for additional information regarding the amounts of undistributed net ordinary income and
undistributed net long-term capital gains and the character of the actual distributions paid by the Fund during the period.
All monthly dividends paid by each Fund
during the current reporting period were paid from net investment income. If a portion of the Fund’s monthly distributions is sourced or comprised of elements other than net investment income, including capital gains and/ or a return of
capital, shareholders will be notified of those sources. For financial reporting purposes, the per share amounts of each Fund’s distributions for the reporting period are presented in this report’s Financial Highlights. For income tax
purposes, distribution information for each Fund as of its most recent tax year end is presented in the Notes to Financial Statements of this report.
Updated Distribution Policy
On October 23, 2023, the Funds’ Board
of Trustees (the “Board”) updated each Fund’s distribution policy. Effective for distributions payable on December 1, 2023, each Fund’s distribution policy, which may be changed by the Board, is to make regular monthly cash
distributions to holders of its common shares (stated in terms of a fixed cents per common share dividend distribution rate which may be set from time to time). The Fund intends to distribute all or substantially all of its net investment income
through its regular monthly distribution and to distribute realized capital gains at least annually. In addition, in any monthly period, to maintain its declared per common share distribution amount, the Fund may distribute more or less than its net
investment income during the period. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution
includes a return of capital the NAV per share may erode. If the Fund’s distribution includes anything other than net investment income, the Fund will provide a notice to shareholders
9
Common Share Information (continued)
of its best estimate of the distribution sources at that the time of the distribution. These
estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.
NUVEEN CLOSED-END FUND DISTRIBUTION AMOUNTS
The Nuveen Closed-End Funds’ monthly and quarterly periodic distributions to shareholders are posted on www.nuveen.com and
can be found on Nuveen’s enhanced closed-end fund resource page, which is at https://www.nuveen.com/resource-center-closedend funds, along with other Nuveen
closed-end fund product updates. To ensure timely access to the latest information, shareholders may use a subscribe function, which can be activated at this web page (https://www.nuveen.com/subscriptions).
COMMON SHARE EQUITY SHELF PROGRAM
During the current reporting
period, NMI was authorized by the Securities and Exchange Commission to issue additional common shares through an equity shelf program (Shelf Offering). Under these programs, NMI, subject to market conditions, may raise additional capital
from time to time in varying amounts and offering methods at a net price at or above the Fund’s NAV per common share. The maximum aggregate offering under these Shelf Offerings are as shown in the accompanying table.
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NMI |
| Additional authorized common shares |
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2,000,000 |
During the current reporting period, the Fund sold common shares through their Shelf Offerings at a weighted average premium to their NAV
per common share as shown in the accompanying table.
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NMI |
| Common shares sold through shelf offering |
|
4,954 |
| Weighted average premium to NAV per common share sold |
|
1.11% |
Refer to the Notes to Financial Statements for further details on Shelf Offerings and the Fund’s transactions.
COMMON SHARE REPURCHASES
The Funds’ Board of Directors/Trustees
reauthorized an open-market share repurchase program, allowing each Fund to repurchase and retire an aggregate of up to approximately 10% of its outstanding common shares.
During the current reporting period, the Funds did not repurchase any of their outstanding common shares. As of October 31, 2023, (and since the inception of the
Funds’ repurchase programs), each Fund has cumulatively repurchased and retired its outstanding common shares as shown in the accompanying table.
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NUV |
|
NUW |
|
NMI |
| Common shares cumulatively repurchased and retired |
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0 |
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0 |
|
0 |
| Common shares authorized for repurchase |
|
20,750,000 |
|
1,795,000 |
|
1,005,000 |
OTHER COMMON SHARE INFORMATION
As of
October 31, 2023, the Funds’ common share prices were trading at a premium/(discount) to their common share NAVs and trading at an average premium/(discount) to NAV during the current reporting period, as follows:
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NUV |
|
NUW |
|
NMI |
| Common share NAV |
|
$ 8.69 |
|
$ 14.20 |
|
$ 9.16 |
| Common share price |
|
$ 7.99 |
|
$ 12.60 |
|
$ 8.35 |
| Premium/(Discount) to NAV |
|
(8.06)% |
|
(11.27)% |
|
(8.84)% |
| Average premium/(discount) to NAV |
|
(6.03)% |
|
(8.73)% |
|
(4.55)% |
10
About the Funds’ Benchmarks
S&P Municipal Bond Index: An index designed to measure the performance of the tax-exempt U.S. municipal bond market. Index returns assume reinvestment of distributions, but do not reflect any
applicable sales charges or management fees.
S&P Municipal Yield Index: An index that is structured so that 70% of the index consists of bonds that are either not rated or are rated below investment grade, 20% are rated BBB/Baa, and 10% are rated single A. Index returns assume
reinvestment of distributions, but do not reflect any applicable sales charges or management fees.
NMI
Linked Benchmark: Represents the linked returns between the S&P Municipal Bond Index (defined herein) through September 29, 2023 and the S&P Municipal Yield Index (defined
herein) subsequent to September 29, 2023.
11
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| NUV |
|
Nuveen Municipal Value Fund,
Inc. Performance Overview and Holding Summaries as of
October 31, 2023 |
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.
Fund Performance*
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Total Returns as of
October 31, 2023
|
|
| |
|
|
|
|
Average Annual |
|
| |
|
Inception
Date |
|
|
1-Year |
|
|
5-Year |
|
|
10-Year |
|
| |
|
| NUV at Common Share NAV |
|
|
6/17/87 |
|
|
|
2.79% |
|
|
|
1.04% |
|
|
|
2.77% |
|
| |
|
| NUV at Common Share Price |
|
|
6/17/87 |
|
|
|
(0.52)% |
|
|
|
0.84% |
|
|
|
2.64% |
|
| |
|
| S&P Municipal Bond Index |
|
|
– |
|
|
|
2.36% |
|
|
|
1.04% |
|
|
|
2.18% |
|
| |
|
*For purposes of Fund performance, relative results are measured against the S&P Municipal Bond Index.
Performance data shown represents past performance and does not predict or guarantee future results. Current performance may be higher or lower than the data shown.
Returns do not reflect the deduction of taxes that shareholders may have to pay on Fund distributions or upon the sale of Fund shares. Returns at NAV are net of Fund expenses, and assume reinvestment of distributions. Comparative index return
information is provided for the Fund’s shares at NAV only. Indexes are not available for direct investment.
Daily Common Share NAV and Share Price
Growth of an Assumed $10,000 Investment as of October 31, 2023 - Common Share
Price
12
Holdings Summaries as of October 31, 2023
This data relates to the securities held in the Fund’s portfolio of investments as of the end of the reporting period. It should not be construed as a measure of
performance for the Fund itself. Holdings are subject to change.
For financial reporting purposes, the ratings disclosed are the highest rating given by one of
the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment
policies. Credit ratings are subject to change. AAA, AA, A and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Holdings designated N/R are not rated by these national rating agencies.
|
|
|
|
|
| Fund Allocation |
|
|
|
| (% of net assets) |
|
|
|
| |
|
| Municipal Bonds |
|
|
99.5% |
|
| |
|
| Other Assets & Liabilities, Net |
|
|
1.7% |
|
| |
|
| Floating Rate Obligations |
|
|
(1.2)% |
|
| |
|
| Net Assets |
|
|
100% |
|
| |
|
|
|
| Bond Credit Quality |
|
|
|
| (% of total investment exposure) |
|
|
|
| |
|
| U.S. Guaranteed |
|
|
4.2% |
|
| |
|
| AAA |
|
|
7.6% |
|
| |
|
| AA |
|
|
40.4% |
|
| |
|
| A |
|
|
28.4% |
|
| |
|
| BBB |
|
|
11.2% |
|
| |
|
| BB or Lower |
|
|
2.3% |
|
| |
|
| N/R (not rated) |
|
|
5.9% |
|
| |
|
| Total |
|
|
100% |
|
| |
|
|
|
|
|
|
| Portfolio Composition |
|
|
|
| (% of total investments) |
|
|
|
| |
|
| Tax Obligation/Limited |
|
|
28.4% |
|
| |
|
| Transportation |
|
|
20.6% |
|
| |
|
| Tax Obligation/General |
|
|
14.4% |
|
| |
|
| Utilities |
|
|
14.2% |
|
| |
|
| Health Care |
|
|
7.6% |
|
| |
|
| Education and Civic Organizations |
|
|
4.8% |
|
| |
|
| U.S. Guaranteed |
|
|
4.7% |
|
| |
|
| Other |
|
|
5.3% |
|
| |
|
| Total |
|
|
100% |
|
| |
|
|
|
|
|
|
| States and Territories1 |
|
|
|
| (% of total municipal bonds) |
|
|
|
| |
|
| Texas |
|
|
13.1% |
|
| |
|
| Illinois |
|
|
11.0% |
|
| |
|
| New York |
|
|
7.6% |
|
| |
|
| California |
|
|
6.5% |
|
| |
|
| Colorado |
|
|
6.4% |
|
| |
|
| Florida |
|
|
5.7% |
|
| |
|
| New Jersey |
|
|
4.5% |
|
| |
|
| Ohio |
|
|
4.0% |
|
| |
|
| Washington |
|
|
4.0% |
|
| |
|
| Georgia |
|
|
4.0% |
|
| |
|
| Michigan |
|
|
3.0% |
|
| |
|
| Nevada |
|
|
2.7% |
|
| |
|
| South Carolina |
|
|
2.4% |
|
| |
|
| Pennsylvania |
|
|
2.1% |
|
| |
|
| Kentucky |
|
|
1.8% |
|
| |
|
| Puerto Rico |
|
|
1.8% |
|
| |
|
| District of Columbia |
|
|
1.7% |
|
| |
|
| Tennessee |
|
|
1.5% |
|
| |
|
| Oklahoma |
|
|
1.4% |
|
| |
|
| Utah |
|
|
1.4% |
|
| |
|
| Other |
|
|
13.4% |
|
| |
|
| Total |
|
|
100% |
|
| |
|
| 1 |
See the Portfolio of Investments for the remaining states comprising “Other” and not listed in the table above.
|
13
|
|
|
| NUW |
|
Nuveen AMT-Free Municipal
Value Fund Performance Overview and Holding Summaries as of
October 31, 2023 |
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.
Fund Performance*
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Total Returns as of
October 31, 2023 |
|
| |
|
|
|
|
Average Annual |
|
| |
|
Inception
Date |
|
|
1-Year |
|
|
5-Year |
|
|
10-Year |
|
| |
|
| NUW at Common Share NAV |
|
|
2/25/09 |
|
|
|
3.27% |
|
|
|
1.24% |
|
|
|
2.79% |
|
| |
|
| NUW at Common Share Price |
|
|
2/25/09 |
|
|
|
(1.08)% |
|
|
|
1.04% |
|
|
|
2.42% |
|
| |
|
| S&P Municipal Bond Index |
|
|
– |
|
|
|
2.36% |
|
|
|
1.04% |
|
|
|
2.18% |
|
| |
|
*For purposes of Fund performance, relative results are measured against the S&P Municipal Bond Index.
Performance data shown represents past performance and does not predict or guarantee future results. Current performance may be higher or lower than the data shown.
Returns do not reflect the deduction of taxes that shareholders may have to pay on Fund distributions or upon the sale of Fund shares. Returns at NAV are net of Fund expenses, and assume reinvestment of distributions. Comparative index return
information is provided for the Fund’s shares at NAV only. Indexes are not available for direct investment.
Daily Common Share NAV and Share Price
Growth of an Assumed $10,000 Investment as of October 31, 2023 - Common Share
Price
14
Holdings Summaries as of October 31, 2023
This data relates to the securities held in the Fund’s portfolio of investments as of the end of the reporting period. It should not be construed as a measure of
performance for the Fund itself. Holdings are subject to change.
For financial reporting purposes, the ratings disclosed are the highest rating given by one of
the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment
policies. Credit ratings are subject to change. AAA, AA, A and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Holdings designated N/R are not rated by these national rating agencies.
|
|
|
|
|
| Fund Allocation |
|
|
|
| (% of net assets) |
|
|
|
| |
|
| Municipal Bonds |
|
|
98.5% |
|
| |
|
| Common Stocks |
|
|
0.5% |
|
| |
|
| Other Assets & Liabilities, Net |
|
|
1.8% |
|
| |
|
| Floating Rate Obligations |
|
|
(0.8)% |
|
| |
|
| Net Assets |
|
|
100% |
|
| |
|
|
|
| Bond Credit Quality |
|
|
|
| (% of total investment exposure) |
|
|
|
| |
|
| U.S. Guaranteed |
|
|
1.6% |
|
| |
|
| AAA |
|
|
7.7% |
|
| |
|
| AA |
|
|
40.8% |
|
| |
|
| A |
|
|
29.6% |
|
| |
|
| BBB |
|
|
11.7% |
|
| |
|
| BB or Lower |
|
|
2.0% |
|
| |
|
| N/R (not rated) |
|
|
6.1% |
|
| |
|
| N/A (not applicable) |
|
|
0.5% |
|
| |
|
| Total |
|
|
100% |
|
| |
|
|
|
|
|
|
| Portfolio Composition |
|
|
|
| (% of total investments) |
|
|
|
| |
|
| Tax Obligation/Limited |
|
|
24.2% |
|
| |
|
| Utilities |
|
|
20.2% |
|
| |
|
| Tax Obligation/General |
|
|
16.9% |
|
| |
|
| Transportation |
|
|
10.5% |
|
| |
|
| Health Care |
|
|
9.5% |
|
| |
|
| Education and Civic Organizations |
|
|
7.2% |
|
| |
|
| Consumer Staples |
|
|
4.4% |
|
| |
|
| Other |
|
|
6.6% |
|
| |
|
| Common Stocks |
|
|
0.5% |
|
| |
|
| Total |
|
|
100% |
|
| |
|
|
|
|
|
|
| States and Territories1 |
|
|
|
| (% of total municipal bonds) |
|
|
|
| |
|
| California |
|
|
11.5% |
|
| |
|
| Illinois |
|
|
10.4% |
|
| |
|
| Texas |
|
|
9.6% |
|
| |
|
| New York |
|
|
6.9% |
|
| |
|
| New Jersey |
|
|
6.9% |
|
| |
|
| Nevada |
|
|
5.6% |
|
| |
|
| Pennsylvania |
|
|
4.4% |
|
| |
|
| Ohio |
|
|
4.2% |
|
| |
|
| Colorado |
|
|
4.1% |
|
| |
|
| Florida |
|
|
3.8% |
|
| |
|
| Tennessee |
|
|
3.8% |
|
| |
|
| Washington |
|
|
3.5% |
|
| |
|
| Kentucky |
|
|
3.4% |
|
| |
|
| Maryland |
|
|
3.2% |
|
| |
|
| Puerto Rico |
|
|
3.0% |
|
| |
|
| Georgia |
|
|
2.6% |
|
| |
|
| South Carolina |
|
|
1.7% |
|
| |
|
| West Virginia |
|
|
1.5% |
|
| |
|
| Arizona |
|
|
1.3% |
|
| |
|
| Minnesota |
|
|
1.2% |
|
| |
|
| Other |
|
|
7.4% |
|
| |
|
| Total |
|
|
100% |
|
| |
|
| 1 |
See the Portfolio of Investments for the remaining states comprising “Other” and not listed in the table above.
|
15
|
|
|
| NMI |
|
Nuveen Municipal Income Fund, Inc. |
| |
Performance Overview and Holding Summaries as of October 31, 2023 |
Refer to the Glossary of Terms Used in this Report for further definition of the terms used within this section.
Fund Performance*
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Total Returns as of
October 31, 2023 |
|
| |
|
|
|
|
Average Annual |
|
| |
|
Inception
Date |
|
|
1-Year |
|
|
5-Year |
|
|
10-Year |
|
| |
|
| NMI at Common Share NAV |
|
|
4/20/88 |
|
|
|
2.94% |
|
|
|
0.24% |
|
|
|
2.47% |
|
| |
|
| NMI at Common Share Price |
|
|
4/20/88 |
|
|
|
1.80% |
|
|
|
0.05% |
|
|
|
2.26% |
|
| |
|
| S&P Municipal Bond Index |
|
|
– |
|
|
|
2.36% |
|
|
|
1.04% |
|
|
|
2.18% |
|
| |
|
| S&P Municipal Yield Index |
|
|
– |
|
|
|
3.80% |
|
|
|
1.55% |
|
|
|
3.70% |
|
| |
|
| NMI Linked Benchmark |
|
|
– |
|
|
|
1.23% |
|
|
|
0.81% |
|
|
|
2.06% |
|
| |
|
*For purposes of Fund performance, relative results are measured against the linked returns between the S&P Municipal Bond Index
(through September 29, 2023) and the S&P Municipal Yield Index (subsequent to September 29, 2023).
Performance data shown represents past performance
and does not predict or guarantee future results. Current performance may be higher or lower than the data shown. Returns do not reflect the deduction of taxes that shareholders may have to pay on Fund distributions or upon the sale of Fund shares.
Returns at NAV are net of Fund expenses, and assume reinvestment of distributions. Comparative index return information is provided for the Fund’s shares at NAV only. Indexes are not available for direct investment.
Daily Common Share NAV and Share Price
Growth of an Assumed $10,000 Investment as of October 31, 2023 - Common Share
Price
16
Holdings Summaries as of October 31, 2023
This data relates to the securities held in the Fund’s portfolio of investments as of the end of the reporting period. It should not be construed as a measure of
performance for the Fund itself. Holdings are subject to change.
For financial reporting purposes, the ratings disclosed are the highest rating given by one of
the following national rating agencies: Standard & Poor’s Group, Moody’s Investors Service, Inc. or Fitch, Inc. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment
policies. Credit ratings are subject to change. AAA, AA, A and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Holdings designated N/R are not rated by these national rating agencies.
|
|
|
|
|
| Fund Allocation (% of net assets) |
|
|
|
| |
|
| Municipal Bonds |
|
|
96.6% |
|
| |
|
| Short-Term Municipal Bonds |
|
|
2.9% |
|
| |
|
| Other Assets & Liabilities, Net |
|
|
0.5% |
|
| |
|
| Net Assets |
|
|
100% |
|
| |
|
|
|
| Bond Credit Quality
(% of total investment exposure) |
|
|
|
|
| |
|
| U.S. Guaranteed |
|
|
3.7% |
|
| |
|
| AAA |
|
|
2.1% |
|
| |
|
| AA |
|
|
29.0 |
|
| |
|
| A |
|
|
30.3% |
|
| |
|
| BBB |
|
|
11.0% |
|
| |
|
| BB or Lower |
|
|
6.1% |
|
| |
|
| N/R (not rated) |
|
|
17.8% |
|
| |
|
| Total |
|
|
100% |
|
| |
|
|
|
|
|
|
| Portfolio Composition (% of total
investments) |
|
|
|
| |
|
| Transportation |
|
|
21.2% |
|
| |
|
| Health Care |
|
|
21.0% |
|
| |
|
| Tax Obligation/Limited |
|
|
18.0% |
|
| |
|
| Education and Civic Organizations |
|
|
10.5% |
|
| |
|
| Utilities |
|
|
8.7% |
|
| |
|
| Tax Obligation/General |
|
|
7.4% |
|
| |
|
| Long-Term Care |
|
|
3.8% |
|
| |
|
| Other |
|
|
9.4% |
|
| |
|
| Total |
|
|
100% |
|
| |
|
|
|
|
|
|
| States and Territories1
(% of total municipal bonds) |
|
|
|
| |
|
| Colorado |
|
|
15.0% |
|
| |
|
| Illinois |
|
|
12.6% |
|
| |
|
| Texas |
|
|
10.2% |
|
| |
|
| Florida |
|
|
5.6% |
|
| |
|
| Arizona |
|
|
4.9% |
|
| |
|
| Missouri |
|
|
4.2% |
|
| |
|
| New York |
|
|
3.8% |
|
| |
|
| Wisconsin |
|
|
3.8% |
|
| |
|
| Indiana |
|
|
2.8% |
|
| |
|
| North Carolina |
|
|
2.8% |
|
| |
|
| California |
|
|
2.7% |
|
| |
|
| New Jersey |
|
|
2.6% |
|
| |
|
| Louisiana |
|
|
2.3% |
|
| |
|
| Pennsylvania |
|
|
2.3% |
|
| |
|
| Alabama |
|
|
2.3% |
|
| |
|
| Georgia |
|
|
2.2% |
|
| |
|
| Virginia |
|
|
2.0% |
|
| |
|
| Hawaii |
|
|
1.8% |
|
| |
|
| Minnesota |
|
|
1.8% |
|
| |
|
| Ohio |
|
|
1.8% |
|
| |
|
| Other |
|
|
12.5% |
|
| |
|
| Total |
|
|
100% |
|
| |
|
| 1 |
See the Portfolio of Investments for the remaining states comprising “Other” and not listed in the table above.
|
17
Shareholder Meeting Report
The annual meeting of shareholders was held on August 9, 2023, for NUV, NUW, and NMI; at this meeting the shareholders were asked to elect Board members.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
NUV |
|
|
NUW |
|
|
NMI |
|
| |
|
| |
|
Common
Shares |
|
|
Common
Shares |
|
|
Common
Shares |
|
| |
|
| Approval of the Board Members was reached as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amy B.R. Lancellotta |
|
|
|
|
|
|
|
|
|
|
|
|
| For |
|
|
167,611,770 |
|
|
|
14,293,466 |
|
|
|
7,951,418 |
|
| Withhold |
|
|
4,342,613 |
|
|
|
1,752,981 |
|
|
|
364,554 |
|
| |
|
| Total |
|
|
171,954,383 |
|
|
|
16,046,447 |
|
|
|
8,315,972 |
|
| |
|
|
|
|
|
| John K. Nelson |
|
|
|
|
|
|
|
|
|
|
|
|
| For |
|
|
167,524,604 |
|
|
|
14,153,422 |
|
|
|
7,922,811 |
|
| Withhold |
|
|
4,429,779 |
|
|
|
1,893,025 |
|
|
|
393,161 |
|
| |
|
| Total |
|
|
171,954,383 |
|
|
|
16,046,447 |
|
|
|
8,315,972 |
|
| |
|
|
|
|
|
| Terence J. Toth |
|
|
|
|
|
|
|
|
|
|
|
|
| For |
|
|
167,333,902 |
|
|
|
14,162,033 |
|
|
|
7,896,658 |
|
| Withhold |
|
|
4,620,481 |
|
|
|
1,884,414 |
|
|
|
419,314 |
|
| |
|
| Total |
|
|
171,954,383 |
|
|
|
16,046,447 |
|
|
|
8,315,972 |
|
| |
|
|
|
|
|
| Robert L. Young |
|
|
|
|
|
|
|
|
|
|
|
|
| For |
|
|
167,700,960 |
|
|
|
14,153,629 |
|
|
|
7,966,792 |
|
| Withhold |
|
|
4,253,423 |
|
|
|
1,892,818 |
|
|
|
349,180 |
|
| |
|
| Total |
|
|
171,954,383 |
|
|
|
16,046,447 |
|
|
|
8,315,972 |
|
| |
|
18
Report of Independent Registered
Public Accounting Firm
To the
Shareholders and Board of Directors/Trustees
Nuveen Municipal Value Fund, Inc., Nuveen AMT-Free Municipal Value Fund,
and Nuveen Municipal Income Fund, Inc.:
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities of Nuveen Municipal Value Fund, Inc., Nuveen AMT-Free
Municipal Value Fund, and Nuveen Municipal Income Fund, Inc. (the Funds), including the portfolios of investments, as of October 31, 2023, the related statements of operations for the year then ended, the statements of changes in net assets for
each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights for each of the years in the
five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Funds as of October 31, 2023, the
results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial
statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance
with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in
accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to
error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such
procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of October 31, 2023, by
correspondence with custodians and brokers; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well
as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.
/s/ KPMG LLP
We have served as the auditor of one or more Nuveen
investment companies since 2014.
Chicago, Illinois
December 28, 2023
19
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. |
| |
Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
LONG-TERM INVESTMENTS - 99.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MUNICIPAL BONDS - 99.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alabama - 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Birmingham Airport Authority, Alabama, Airport Revenue Bonds, Series 2020: |
|
|
|
|
|
|
|
|
| $ |
255 |
|
|
|
|
4.000%, 7/01/39 - BAM Insured |
|
|
7/30 at 100.00 |
|
|
$ |
232,507 |
|
| |
225 |
|
|
|
|
4.000%, 7/01/40 - BAM Insured |
|
|
7/30 at 100.00 |
|
|
|
203,945 |
|
|
|
|
|
|
| |
3,805 |
|
|
(c) |
|
Homewood, Alabama, General Obligation Warrants, Series 2016, 5.000%, 9/01/36, (Pre-refunded 9/01/26) |
|
|
9/26 at 100.00 |
|
|
|
3,938,059 |
|
|
|
|
|
|
|
Total Alabama |
|
|
|
|
|
|
4,374,511 |
|
|
|
|
|
|
|
|
|
|
|
|
Alaska - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
9,750 |
|
|
|
|
Anchorage, Alaska, Solid Waste Services Revenue Bonds, Refunding Series 2022A, 4.000%, 11/01/52 |
|
|
11/32 at 100.00 |
|
|
|
8,021,167 |
|
|
|
|
|
|
| |
110 |
|
|
|
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed
Bonds, Senior Series 2021A Class 1, 4.000%, 6/01/50 |
|
|
6/31 at 100.00 |
|
|
|
88,132 |
|
|
|
|
|
|
|
Total Alaska |
|
|
|
|
|
|
8,109,299 |
|
|
|
|
|
|
|
|
|
|
|
|
Arizona - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,915 |
|
|
|
|
Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019,
5.000%, 6/01/49, (AMT), (Mandatory Put 6/03/24) |
|
|
6/24 at 100.00 |
|
|
|
1,914,386 |
|
|
|
|
|
|
| |
2,935 |
|
|
|
|
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A, 5.000%, 7/01/35 |
|
|
7/27 at 100.00 |
|
|
|
3,010,385 |
|
|
|
|
|
|
| |
780 |
|
|
|
|
Phoenix Civic Improvement Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate Lien Series 2020A, 4.000%, 7/01/45 |
|
|
7/30 at 100.00 |
|
|
|
669,283 |
|
|
|
|
|
|
| |
2,590 |
|
|
|
|
Phoenix Civic Improvement Corporation, Arizona, Water System Revenue Bonds, Junior Lien Series 2021A, 5.000%, 7/01/45 |
|
|
7/31 at 100.00 |
|
|
|
2,645,395 |
|
|
|
|
|
|
| |
2,175 |
|
|
|
|
Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Medical Center, Series 2021A, 4.000%,
4/01/46 |
|
|
4/31 at 100.00 |
|
|
|
1,728,821 |
|
|
|
|
|
|
| |
5,600 |
|
|
|
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series
2007, 5.000%, 12/01/37 |
|
|
No Opt. Call |
|
|
|
5,436,116 |
|
|
|
|
|
|
|
|
|
|
|
|
Tucson, Arizona, Water System Revenue Bonds, Refunding Series 2017: |
|
|
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
5.000%, 7/01/34 |
|
|
7/27 at 100.00 |
|
|
|
1,034,891 |
|
| |
750 |
|
|
|
|
5.000%, 7/01/35 |
|
|
7/27 at 100.00 |
|
|
|
774,102 |
|
|
|
|
|
|
|
Total Arizona |
|
|
|
|
|
|
17,213,379 |
|
|
|
|
|
|
|
|
|
|
|
|
California - 6.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
405 |
|
|
|
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization
Corporation, Series 2020A, 4.000%, 6/01/49 |
|
|
6/30 at 100.00 |
|
|
|
329,753 |
|
|
|
|
|
|
| |
1,250 |
|
|
|
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Sonoma County Tobacco Securitization
Corporation, Series 2020A, 4.000%, 6/01/49 |
|
|
12/30 at 100.00 |
|
|
|
1,017,757 |
|
|
|
|
|
|
| |
4,080 |
|
|
(c) |
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2016B, 5.000%,
11/15/46, (Pre-refunded 11/15/26) |
|
|
11/26 at 100.00 |
|
|
|
4,250,951 |
|
|
|
|
|
|
| |
5,920 |
|
|
|
|
California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2018A, 5.000%,
11/15/48 |
|
|
11/27 at 100.00 |
|
|
|
5,836,000 |
|
20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
California (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
1,650 |
|
|
|
|
California Health Facilities Financing Authority, Revenue Bonds, Children’s Hospital Los Angeles, Series 2017A, 5.000%,
8/15/35 |
|
|
8/27 at 100.00 |
|
|
$ |
1,660,904 |
|
|
|
|
|
|
|
|
|
|
|
|
California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A: |
|
|
|
|
|
|
|
|
| |
1,635 |
|
|
|
|
5.000%, 12/31/43, (AMT) |
|
|
6/28 at 100.00 |
|
|
|
1,547,046 |
|
| |
3,495 |
|
|
|
|
5.000%, 12/31/47, (AMT) |
|
|
6/28 at 100.00 |
|
|
|
3,273,156 |
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018B, 5.000%, 6/01/48,
(AMT) |
|
|
6/28 at 100.00 |
|
|
|
933,003 |
|
|
|
|
|
|
| |
2,290 |
|
|
|
|
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authoriity Desalination
Project Pipeline, Refunding Series 2019, 5.000%, 7/01/39, 144A |
|
|
1/29 at 100.00 |
|
|
|
2,260,481 |
|
|
|
|
|
|
| |
1,625 |
|
|
(c) |
|
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2013I, 5.000%, 11/01/38, (Pre-refunded 1/02/24) |
|
|
1/24 at 100.00 |
|
|
|
1,628,422 |
|
|
|
|
|
|
| |
3,500 |
|
|
|
|
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series
2016A, 5.000%, 12/01/46, 144A |
|
|
6/26 at 100.00 |
|
|
|
3,092,843 |
|
|
|
|
|
|
| |
4,505 |
|
|
|
|
Covina-Valley Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2003B, 0.000%, 6/01/28 -
FGIC Insured |
|
|
No Opt. Call |
|
|
|
3,683,488 |
|
|
|
|
|
|
| |
5,700 |
|
|
|
|
East Bay Municipal Utility District, Alameda and Contra Costa Counties, California, Water System Revenue Bonds, Green Series
2017A, 5.000%, 6/01/45 |
|
|
6/27 at 100.00 |
|
|
|
5,806,107 |
|
|
|
|
|
|
| |
2,180 |
|
|
(d) |
|
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Series 2013A, 0.000%,
1/15/42 |
|
|
1/31 at 100.00 |
|
|
|
2,456,142 |
|
|
|
|
|
|
|
|
|
|
|
|
Fresno, California, Airport Revenue Bonds, Series 2023A: |
|
|
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
5.000%, 7/01/48 - BAM Insured, (AMT) |
|
|
7/33 at 100.00 |
|
|
|
960,234 |
|
| |
1,000 |
|
|
|
|
5.000%, 7/01/53 - BAM Insured, (AMT) |
|
|
7/33 at 100.00 |
|
|
|
947,968 |
|
|
|
|
|
|
| |
49,020 |
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Capital Appreciation Series 2021B-2, 0.000%, 6/01/66 |
|
|
12/31 at 27.75 |
|
|
|
4,020,733 |
|
|
|
|
|
|
| |
345 |
|
|
|
|
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Revenue Bonds, Series 2022A-1, 5.000%, 6/01/51 |
|
|
12/31 at
100.00 |
|
|
|
344,986 |
|
|
|
|
|
|
| |
2,780 |
|
|
|
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Subordinate Series
2022I, 5.000%, 5/15/48 |
|
|
11/31 at
100.00 |
|
|
|
2,835,235 |
|
|
|
|
|
|
| |
2,725 |
|
|
|
|
Los Angeles Department of Water and Power, California, Water System Revenue Bonds, Series 2023A, 5.250%, 7/01/53 |
|
|
7/33 at 100.00 |
|
|
|
2,870,152 |
|
|
|
|
|
|
| |
2,555 |
|
|
|
|
Merced Union High School District, Merced County, California, General Obligation Bonds, Series 1999A, 0.000%, 8/01/24 - FGIC
Insured |
|
|
No Opt. Call |
|
|
|
2,475,750 |
|
|
|
|
|
|
| |
2,365 |
|
|
|
|
Montebello Unified School District, Los Angeles County, California, General Obligation Bonds, Election 1998 Series 2004, 0.000%,
8/01/27 - FGIC Insured |
|
|
No Opt. Call |
|
|
|
1,998,822 |
|
|
|
|
|
|
|
|
|
|
|
|
Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series
2013A: |
|
|
|
|
|
|
|
|
| |
3,060 |
|
|
|
|
5.875%, 8/01/28 |
|
|
2/28 at 100.00 |
|
|
|
3,345,619 |
|
| |
2,315 |
|
|
(d) |
|
0.000%, 8/01/43 |
|
|
8/35 at 100.00 |
|
|
|
2,015,947 |
|
|
|
|
|
|
| |
3,550 |
|
|
|
|
M-S-R Energy Authority, California, Gas Revenue
Bonds, Citigroup Prepay Contracts, Series 2009C, 6.500%, 11/01/39 |
|
|
No Opt. Call |
|
|
|
3,998,479 |
|
|
|
|
|
|
| |
10,150 |
|
|
|
|
Placer Union High School District, Placer County, California, General Obligation Bonds, Series 2004C, 0.000%, 8/01/33 - AGM
Insured |
|
|
No Opt. Call |
|
|
|
6,651,087 |
|
21
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
California (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
San Bruno Park School District, San Mateo County, California, General Obligation Bonds, Series 2000B: |
|
|
|
|
|
|
|
|
| $ |
2,575 |
|
|
|
|
0.000%, 8/01/24 - FGIC Insured |
|
|
No Opt. Call |
|
|
$ |
2,494,948 |
|
| |
2,660 |
|
|
|
|
0.000%, 8/01/25 - FGIC Insured |
|
|
No Opt. Call |
|
|
|
2,458,372 |
|
|
|
|
|
|
| |
230 |
|
|
|
|
San Diego Tobacco Settlement Revenue Funding Corporation, California, Tobacco Settlement Bonds, Subordinate Series 2018C, 4.000%,
6/01/32 |
|
|
6/28 at 100.00 |
|
|
|
218,107 |
|
|
|
|
|
|
|
|
|
|
|
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Refunding Second Series
2019D: |
|
|
|
|
|
|
|
|
| |
6,000 |
|
|
|
|
5.000%, 5/01/36 |
|
|
5/29 at 100.00 |
|
|
|
6,294,364 |
|
| |
4,000 |
|
|
|
|
5.000%, 5/01/39 |
|
|
5/29 at 100.00 |
|
|
|
4,128,381 |
|
|
|
|
|
|
|
|
|
|
|
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Refunding Senior Lien Toll Road Revenue Bonds,
Series 2021A: |
|
|
|
|
|
|
|
|
| |
315 |
|
|
|
|
4.000%, 1/15/39 |
|
|
1/32 at 100.00 |
|
|
|
286,816 |
|
| |
525 |
|
|
|
|
4.000%, 1/15/41 |
|
|
1/32 at 100.00 |
|
|
|
468,947 |
|
| |
550 |
|
|
|
|
4.000%, 1/15/43 |
|
|
1/32 at 100.00 |
|
|
|
483,070 |
|
| |
200 |
|
|
|
|
4.000%, 1/15/44 |
|
|
1/32 at 100.00 |
|
|
|
174,275 |
|
|
|
|
|
|
| |
12,095 |
|
|
|
|
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Series 1997A,
0.000%, 1/15/25 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
11,478,042 |
|
|
|
|
|
|
| |
13,220 |
|
|
|
|
San Mateo County Community College District, California, General Obligation Bonds, Series 2006A, 0.000%, 9/01/28 - NPFG
Insured |
|
|
No Opt. Call |
|
|
|
10,897,830 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
San Mateo Union High School District, San Mateo County, California, General Obligation Bonds, Election of 2000, Series 2002B,
0.000%, 9/01/24 - FGIC Insured |
|
|
No Opt. Call |
|
|
|
4,839,719 |
|
|
|
|
|
|
| |
5,815 |
|
|
|
|
San Ysidro School District, San Diego County, California, General Obligation Bonds, Refunding Series 2015, 0.000%,
8/01/48 |
|
|
8/25 at 29.16 |
|
|
|
1,511,170 |
|
|
|
|
|
|
| |
440 |
|
|
|
|
Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Refunding Sacramento County
Tobacco Securitization Corporation Series 2021B Class 2, 4.000%, 6/01/49 |
|
|
12/30 at 100.00 |
|
|
|
411,201 |
|
|
|
|
|
|
| |
575 |
|
|
|
|
Vernon, California, Electric System Revenue Bonds, Series 2021A, 5.000%, 4/01/28 |
|
|
No Opt. Call |
|
|
|
576,362 |
|
|
|
|
|
|
|
Total California |
|
|
|
|
|
|
116,962,669 |
|
|
|
|
|
|
|
|
|
|
|
|
Colorado - 6.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
7,500 |
|
|
|
|
Arapahoe County School District 6, Littleton, Colorado, General Obligation Bonds, Series 2019A, 5.500%, 12/01/43 |
|
|
12/28 at 100.00 |
|
|
|
7,814,660 |
|
|
|
|
|
|
| |
4,155 |
|
|
|
|
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series
2019A-2, 4.000%, 8/01/49 |
|
|
8/29 at 100.00 |
|
|
|
3,214,185 |
|
|
|
|
|
|
| |
1,255 |
|
|
|
|
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Revenue Bonds,
Senior Lien Series 2017, 5.000%, 12/31/56 |
|
|
12/24 at 100.00 |
|
|
|
1,129,825 |
|
|
|
|
|
|
| |
7,070 |
|
|
|
|
Colorado Mountain College, Colorado, Certificates of Participation, Series 2021, 4.000%, 12/01/46 |
|
|
12/31 at 100.00 |
|
|
|
6,050,473 |
|
|
|
|
|
|
| |
4,500 |
|
|
|
|
Colorado State, Building Excellent Schools Today, Certificates of Participation, Series 2018N, 5.000%, 3/15/37 |
|
|
3/28 at 100.00 |
|
|
|
4,595,851 |
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
Colorado State, Building Excellent Schools Today, Certificates of Participation, Series 2020R, 4.000%, 3/15/45 |
|
|
3/30 at 100.00 |
|
|
|
848,900 |
|
|
|
|
|
|
|
|
|
|
|
|
Colorado State, Certificates of Participation, Lease Purchase Financing Program, National Western Center, Series 2018A: |
|
|
|
|
|
|
|
|
| |
1,250 |
|
|
|
|
5.000%, 9/01/30 |
|
|
3/28 at 100.00 |
|
|
|
1,298,374 |
|
| |
2,000 |
|
|
|
|
5.000%, 9/01/31 |
|
|
3/28 at 100.00 |
|
|
|
2,078,299 |
|
| |
1,260 |
|
|
|
|
5.000%, 9/01/32 |
|
|
3/28 at 100.00 |
|
|
|
1,309,262 |
|
| |
620 |
|
|
|
|
5.000%, 9/01/33 |
|
|
3/28 at 100.00 |
|
|
|
643,548 |
|
22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Colorado (continued) |
|
|
|
|
|
|
|
|
| $ |
3,790 |
|
|
|
|
Colorado State, Certificates of Participation, Rural Series 2018A, 5.000%, 12/15/37 |
|
|
12/28 at 100.00 |
|
|
$ |
3,899,785 |
|
|
|
|
|
|
| |
3,400 |
|
|
|
|
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2022B, 5.250%, 11/15/53 |
|
|
11/32 at 100.00 |
|
|
|
3,485,620 |
|
|
|
|
|
|
| |
5,160 |
|
|
|
|
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 11/15/43 |
|
|
12/23 at 100.00 |
|
|
|
5,094,277 |
|
|
|
|
|
|
| |
2,000 |
|
|
|
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016,
5.000%, 12/01/35 |
|
|
12/26 at 100.00 |
|
|
|
1,932,059 |
|
|
|
|
|
|
|
|
|
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B: |
|
|
|
|
|
|
|
|
| |
9,660 |
|
|
|
|
0.000%, 9/01/29 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
7,533,150 |
|
| |
24,200 |
|
|
|
|
0.000%, 9/01/31 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
17,175,948 |
|
| |
17,000 |
|
|
|
|
0.000%, 9/01/32 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
11,496,168 |
|
|
|
|
|
|
| |
2,905 |
|
|
|
|
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2020A, 5.000%,
9/01/40 |
|
|
9/24 at 100.00 |
|
|
|
2,913,126 |
|
|
|
|
|
|
| |
7,600 |
|
|
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Refunding Series 2006B,
0.000%, 9/01/39 - NPFG Insured |
|
|
9/26 at 52.09 |
|
|
|
3,347,302 |
|
|
|
|
|
|
| |
8,000 |
|
|
|
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs Utilities, Series 2008, 6.500%,
11/15/38 |
|
|
No Opt. Call |
|
|
|
8,847,450 |
|
|
|
|
|
|
| |
1,400 |
|
|
|
|
Regional Transportation District, Colorado, Private Activity Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A,
4.000%, 7/15/34 |
|
|
1/31 at 100.00 |
|
|
|
1,315,697 |
|
|
|
|
|
|
| |
4,945 |
|
|
|
|
Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project, Series 2017A, 5.000%, 11/01/40 |
|
|
11/26 at 100.00 |
|
|
|
5,010,552 |
|
|
|
|
|
|
|
|
|
|
|
|
State of Colorado, Rural Colorado, Certificates of Participation, Series 2022: |
|
|
|
|
|
|
|
|
| |
5,355 |
|
|
|
|
6.000%, 12/15/38 |
|
|
12/32 at 100.00 |
|
|
|
6,023,467 |
|
| |
3,000 |
|
|
|
|
6.000%, 12/15/41 |
|
|
12/32 at 100.00 |
|
|
|
3,336,461 |
|
|
|
|
|
|
| |
4,250 |
|
|
(c) |
|
University of Colorado, Enterprise System Revenue Bonds, Series 2018B, 5.000%, 6/01/43, (Pre-refunded 6/01/28) |
|
|
6/28 at 100.00 |
|
|
|
4,493,031 |
|
|
|
|
|
|
|
Total Colorado |
|
|
|
|
|
|
114,887,470 |
|
|
|
|
|
|
|
|
|
|
|
|
Connecticut - 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2,125 |
|
|
|
|
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut Children’s Medical Center and
Subsidiaries, Series 2023E, 5.250%, 7/15/48 |
|
|
1/33 at 100.00 |
|
|
|
2,128,961 |
|
|
|
|
|
|
| |
8,440 |
|
|
|
|
Connecticut State, General Obligation Bonds, Series 2015E, 5.000%, 8/01/29 |
|
|
8/25 at 100.00 |
|
|
|
8,559,357 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Connecticut State, General Obligation Bonds, Series 2015F, 5.000%, 11/15/33 |
|
|
11/25 at 100.00 |
|
|
|
5,041,008 |
|
|
|
|
|
|
|
Total Connecticut |
|
|
|
|
|
|
15,729,326 |
|
|
|
|
|
|
|
|
|
|
|
|
Delaware - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,270 |
|
|
|
|
Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2021,
4.000%, 1/01/46 |
|
|
1/32 at 100.00 |
|
|
|
1,053,404 |
|
|
|
|
|
|
|
Total Delaware |
|
|
|
|
|
|
1,053,404 |
|
|
|
|
|
|
|
|
|
|
|
|
District of Columbia - 1.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
15,000 |
|
|
|
|
District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 0.000%,
6/15/46 |
|
|
12/23 at 24.98 |
|
|
|
3,219,247 |
|
|
|
|
|
|
| |
5,390 |
|
|
|
|
District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Senior Lien Series 2018B, 5.000%, 10/01/43 |
|
|
4/28 at 100.00 |
|
|
|
5,457,912 |
|
23
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
District of Columbia (continued) |
|
|
|
|
|
|
|
|
| $ |
3,865 |
|
|
|
|
Metropolitan Washington Airports Authority, District of Columbia, Dulles Toll Road Revenue Bonds, Dulles Metrorail &
Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 5.000%, 10/01/47 |
|
|
10/29 at 100.00 |
|
|
$ |
3,640,642 |
|
|
|
|
|
|
| |
10,000 |
|
|
|
|
Metropolitan Washington Airports Authority, District of Columbia, Dulles Toll Road Revenue Bonds, Dulles Metrorail Capital
Appreciation, Second Senior Lien Series 2010B, 6.500%, 10/01/44 |
|
|
10/28 at 100.00 |
|
|
|
10,552,364 |
|
|
|
|
|
|
|
|
|
|
|
|
Washington Convention and Sports Authority, Washington D.C., Dedicated Tax Revenue Bonds, Refunding Senior Lien Series
2021A: |
|
|
|
|
|
|
|
|
| |
670 |
|
|
|
|
4.000%, 10/01/36 |
|
|
10/30 at 100.00 |
|
|
|
618,304 |
|
| |
1,060 |
|
|
|
|
4.000%, 10/01/38 |
|
|
10/30 at 100.00 |
|
|
|
937,905 |
|
| |
1,265 |
|
|
|
|
4.000%, 10/01/39 |
|
|
10/30 at 100.00 |
|
|
|
1,099,361 |
|
|
|
|
|
|
| |
1,745 |
|
|
|
|
Washington Convention and Sports Authority, Washington D.C., Dedicated Tax Revenue Bonds, Refunding Senior Lien Series 2021B,
4.000%, 10/01/38 |
|
|
10/30 at 100.00 |
|
|
|
1,544,005 |
|
|
|
|
|
|
|
|
|
|
|
|
Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue Bonds, Series 2020A: |
|
|
|
|
|
|
|
|
| |
2,390 |
|
|
|
|
4.000%, 7/15/45 |
|
|
7/30 at 100.00 |
|
|
|
2,071,607 |
|
| |
1,775 |
|
|
|
|
5.000%, 7/15/45 |
|
|
7/30 at 100.00 |
|
|
|
1,798,242 |
|
|
|
|
|
|
|
Total District of Columbia |
|
|
|
|
|
|
30,939,589 |
|
|
|
|
|
|
|
|
|
|
|
|
Florida - 5.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
Babcock Ranch Community Independent Special District, Charlotte County, Florida, Special Assessment Bonds, 2022 Project Series
2022, 5.000%, 5/01/53 |
|
|
5/32 at 100.00 |
|
|
|
839,332 |
|
|
|
|
|
|
| |
1,240 |
|
|
|
|
Broward County, Florida, Half-Cent Sales Tax Revenue Bonds, Refunding Series 2020, 4.000%, 10/01/40 |
|
|
10/30 at 100.00 |
|
|
|
1,114,288 |
|
|
|
|
|
|
| |
23,000 |
|
|
|
|
Broward County, Florida, Tourist Development Tax Revenue Bonds, Convention Center Expansion Project, Series 2021, 4.000%,
9/01/51 |
|
|
9/31 at 100.00 |
|
|
|
18,513,854 |
|
|
|
|
|
|
| |
565 |
|
|
|
|
Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series
2015A, 6.000%, 6/15/35, 144A |
|
|
6/25 at 100.00 |
|
|
|
553,863 |
|
|
|
|
|
|
|
|
|
|
|
|
Florida Development Finance Corporation, Healthcare Facilities Revenue Bonds, UF Health - Jacksonville Project, Series
2022A: |
|
|
|
|
|
|
|
|
| |
1,800 |
|
|
|
|
4.000%, 2/01/41 - AGM Insured |
|
|
2/32 at 100.00 |
|
|
|
1,547,243 |
|
| |
1,875 |
|
|
|
|
4.000%, 2/01/42 - AGM Insured |
|
|
2/32 at 100.00 |
|
|
|
1,590,838 |
|
|
|
|
|
|
| |
15,000 |
|
|
|
|
Florida Development Finance Corporation, Revenue Bonds, Brightline Passenger Rail Expansion Project, Series 2023C, 8.000%,
7/01/57, (AMT), (Mandatory Put 4/01/24), 144A |
|
|
11/23 at 100.00 |
|
|
|
15,106,023 |
|
|
|
|
|
|
| |
4,000 |
|
|
|
|
Gainesville, Florida, Utilities System Revenue Bonds, Series 2017A, 5.000%, 10/01/36 |
|
|
10/27 at 100.00 |
|
|
|
4,111,804 |
|
|
|
|
|
|
| |
3,500 |
|
|
|
|
Gainesville, Florida, Utilities System Revenue Bonds, Series 2019A, 5.000%, 10/01/47 |
|
|
10/29 at 100.00 |
|
|
|
3,504,410 |
|
|
|
|
|
|
| |
2,290 |
|
|
(c) |
|
Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Subordinate Lien Series 2015B,
5.000%, 10/01/40, (Pre-refunded 10/01/24) |
|
|
10/24 at 100.00 |
|
|
|
2,312,736 |
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
Lakeland, Florida, Energy System Revenue Bonds, Series 2021, 4.000%, 10/01/40 |
|
|
10/31 at 100.00 |
|
|
|
892,326 |
|
|
|
|
|
|
| |
2,735 |
|
|
|
|
Miami Beach Health Facilities Authority, Florida, Hospital Revenue Bonds, Mount Sinai Medical Center of Florida Project, Series
2021B, 4.000%, 11/15/46 |
|
|
11/31 at 100.00 |
|
|
|
2,193,202 |
|
|
|
|
|
|
| |
5,090 |
|
|
|
|
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Series 2010A, 5.000%, 7/01/40 |
|
|
12/23 at 100.00 |
|
|
|
4,925,809 |
|
24
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Florida (continued) |
|
|
|
|
|
|
|
|
| $ |
2,000 |
|
|
|
|
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding Series 2014B, 5.000%,
10/01/37 |
|
|
10/24 at 100.00 |
|
|
$ |
1,978,370 |
|
|
|
|
|
|
| |
3,000 |
|
|
|
|
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2022, 5.000%, 7/01/51 |
|
|
7/32 at 100.00 |
|
|
|
2,971,608 |
|
|
|
|
|
|
| |
5,330 |
|
|
|
|
Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health Obligated Group, Inc., Series 2022,
4.000%, 10/01/52 |
|
|
4/32 at 100.00 |
|
|
|
4,291,452 |
|
|
|
|
|
|
|
|
|
|
|
|
Orlando Utilities Commission, Florida, Utility System Revenue Bonds, Series 2018A: |
|
|
|
|
|
|
|
|
| |
3,500 |
|
|
|
|
5.000%, 10/01/36 |
|
|
10/27 at 100.00 |
|
|
|
3,595,286 |
|
| |
3,780 |
|
|
|
|
5.000%, 10/01/37 |
|
|
10/27 at 100.00 |
|
|
|
3,877,217 |
|
| |
1,120 |
|
|
|
|
5.000%, 10/01/38 |
|
|
10/27 at 100.00 |
|
|
|
1,147,482 |
|
|
|
|
|
|
| |
10,725 |
|
|
(c) |
|
Orlando, Florida, Contract Tourist Development Tax Payments Revenue Bonds, Series 2014A, 5.000%, 11/01/44, (Pre-refunded 5/01/24) |
|
|
5/24 at 100.00 |
|
|
|
10,782,252 |
|
|
|
|
|
|
|
|
|
|
|
|
Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Refunding & Improvement Capital Appreciation
Series 2019A-2: |
|
|
|
|
|
|
|
|
| |
3,500 |
|
|
|
|
0.000%, 10/01/43 |
|
|
10/29 at 61.27 |
|
|
|
1,054,195 |
|
| |
3,575 |
|
|
|
|
0.000%, 10/01/44 |
|
|
10/29 at 59.08 |
|
|
|
998,525 |
|
| |
4,000 |
|
|
|
|
0.000%, 10/01/45 |
|
|
10/29 at 56.95 |
|
|
|
1,043,743 |
|
| |
750 |
|
|
|
|
0.000%, 10/01/49 |
|
|
10/29 at 49.08 |
|
|
|
146,948 |
|
| |
5,000 |
|
|
|
|
0.000%, 10/01/50 |
|
|
10/29 at 47.17 |
|
|
|
917,534 |
|
| |
11,000 |
|
|
|
|
0.000%, 10/01/53 |
|
|
10/29 at 41.97 |
|
|
|
1,651,703 |
|
|
|
|
|
|
| |
4,000 |
|
|
|
|
Pembroke Pines, Florida, Capital Improvement Revenue Bonds, Series 2019A, 4.000%, 7/01/38 |
|
|
7/29 at 100.00 |
|
|
|
3,617,332 |
|
|
|
|
|
|
| |
1,020 |
|
|
|
|
Putnam County Development Authority, Florida, Pollution Control Revenue Bonds, Seminole Electric Cooperatice, Inc. Project,
Refunding Series 2018B, 5.000%, 3/15/42 |
|
|
5/28 at 100.00 |
|
|
|
981,774 |
|
|
|
|
|
|
| |
6,865 |
|
|
|
|
South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015,
4.000%, 5/01/34 |
|
|
5/25 at 100.00 |
|
|
|
6,561,876 |
|
|
|
|
|
|
|
Total Florida |
|
|
|
|
|
|
102,823,025 |
|
|
|
|
|
|
|
|
|
|
|
|
Georgia - 4.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
3,325 |
|
|
|
|
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2015, 5.000%, 11/01/40 |
|
|
5/25 at 100.00 |
|
|
|
3,308,774 |
|
|
|
|
|
|
| |
2,290 |
|
|
|
|
Fulton County Development Authority, Georgia, Hospital Revenue Bonds, Wellstar Health System, Inc Project, Series 2017A, 5.000%,
4/01/47 |
|
|
4/27 at 100.00 |
|
|
|
2,177,199 |
|
|
|
|
|
|
|
|
|
|
|
|
Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services
Inc., Series 2017B: |
|
|
|
|
|
|
|
|
| |
3,500 |
|
|
|
|
5.500%, 2/15/42 |
|
|
2/27 at 100.00 |
|
|
|
3,573,444 |
|
| |
2,500 |
|
|
|
|
5.250%, 2/15/45 |
|
|
2/27 at 100.00 |
|
|
|
2,524,736 |
|
|
|
|
|
|
| |
1,500 |
|
|
|
|
Geo. L. Smith II Georgia World Congress Center Authority, Georgia, Convention Center Hotel Revenue Bonds, First Tier Series
2021A, 4.000%, 1/01/54 |
|
|
1/31 at 100.00 |
|
|
|
1,123,986 |
|
|
|
|
|
|
| |
10,500 |
|
|
|
|
Georgia Ports Authority, Revenue Bonds, Series 2022, 5.250%, 7/01/52 |
|
|
7/32 at 100.00 |
|
|
|
10,786,511 |
|
|
|
|
|
|
| |
17,010 |
|
|
|
|
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project J Bonds, Series 2019A, 5.000%, 1/01/49 - BAM
Insured |
|
|
7/28 at 100.00 |
|
|
|
16,558,946 |
|
|
|
|
|
|
| |
4,025 |
|
|
|
|
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project M Bonds, Series 19A, 5.000%, 1/01/59 - AGM
Insured |
|
|
7/28 at 100.00 |
|
|
|
3,881,895 |
|
|
|
|
|
|
| |
17,350 |
|
|
|
|
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project M Bonds, Series 2022A, 5.000%, 7/01/52 - AGM
Insured |
|
|
7/32 at 100.00 |
|
|
|
16,836,263 |
|
|
|
|
|
|
| |
2,415 |
|
|
|
|
Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2015A, 5.000%, 1/01/35 |
|
|
1/25 at 100.00 |
|
|
|
2,402,505 |
|
25
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Georgia (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2020A: |
|
|
|
|
|
|
|
|
| $ |
1,000 |
|
|
|
|
5.000%, 1/01/45 |
|
|
1/31 at 100.00 |
|
|
$ |
974,987 |
|
| |
5,500 |
|
|
|
|
5.000%, 1/01/50 |
|
|
1/31 at 100.00 |
|
|
|
5,241,823 |
|
|
|
|
|
|
| |
2,000 |
|
|
|
|
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University,
Refunding Series 2016A, 5.000%, 10/01/46 |
|
|
10/26 at 100.00 |
|
|
|
1,997,392 |
|
|
|
|
|
|
|
Total Georgia |
|
|
|
|
|
|
71,388,461 |
|
|
|
|
|
|
|
|
|
|
|
|
Hawaii - 0.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
4,830 |
|
|
|
|
Honolulu City and County, Hawaii, General Obligation Bonds, Series 2018A, 5.000%, 9/01/40 |
|
|
9/28 at 100.00 |
|
|
|
4,924,272 |
|
|
|
|
|
|
| |
3,000 |
|
|
|
|
Honolulu City and County, Hawaii, Wastewater System Revenue Bonds, First Bond Resolution,
Senior Series 2018A, 5.000%, 7/01/37 |
|
|
1/28 at 100.00 |
|
|
|
3,077,872 |
|
|
|
|
|
|
|
Total Hawaii |
|
|
|
|
|
|
8,002,144 |
|
|
|
|
|
|
|
|
|
|
|
|
Idaho - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,550 |
|
|
|
|
University of Idaho, General Revenue Bonds, Refunding Series 2022A, 4.000%, 4/01/45 - BAM
Insured |
|
|
4/32 at 100.00 |
|
|
|
1,325,564 |
|
|
|
|
|
|
|
Total Idaho |
|
|
|
|
|
|
1,325,564 |
|
|
|
|
|
|
|
|
|
|
|
|
Illinois - 10.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46 |
|
|
4/27 at 100.00 |
|
|
|
5,030,084 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A, 7.000%, 12/01/44 |
|
|
12/25 at 100.00 |
|
|
|
5,109,996 |
|
|
|
|
|
|
| |
2,945 |
|
|
|
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016B, 6.500%, 12/01/46 |
|
|
12/26 at 100.00 |
|
|
|
2,991,683 |
|
|
|
|
|
|
| |
4,710 |
|
|
|
|
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2017A, 7.000%, 12/01/46, 144A |
|
|
12/27 at 100.00 |
|
|
|
4,890,423 |
|
|
|
|
|
|
| |
17,775 |
|
|
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1, 0.000%, 12/01/24 - FGIC Insured |
|
|
No Opt. Call |
|
|
|
16,850,776 |
|
|
|
|
|
|
| |
7,495 |
|
|
|
|
Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1999A, 0.000%,
12/01/31 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
4,962,649 |
|
|
|
|
|
|
|
|
|
|
|
|
Chicago Greater Metropolitan Water Reclamation District, Illinois, General Obligation Bonds, Limited Tax Capital Improvement
Green Series 2021A: |
|
|
|
|
|
|
|
|
| |
2,325 |
|
|
|
|
4.000%, 12/01/46 |
|
|
12/31 at 100.00 |
|
|
|
1,942,933 |
|
| |
4,000 |
|
|
|
|
4.000%, 12/01/51 |
|
|
12/31 at 100.00 |
|
|
|
3,248,303 |
|
|
|
|
|
|
| |
1,960 |
|
|
|
|
Chicago Transit Authority, Illinois, Capital Grant Receipts Revenue Bonds, Federal Transit Administration Section 5307
Urbanized Area Formula Funds, Refunding Series 2021, 5.000%, 6/01/27 |
|
|
No Opt. Call |
|
|
|
2,008,182 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Second Lien Series 2022A, 5.000%, 12/01/46 - BAM
Insured |
|
|
12/31 at 100.00 |
|
|
|
5,108,621 |
|
|
|
|
|
|
| |
5,100 |
|
|
|
|
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2014, 5.000%, 12/01/44 |
|
|
12/24 at 100.00 |
|
|
|
4,868,181 |
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2018, 5.000%, 11/15/35 |
|
|
11/26 at 100.00 |
|
|
|
1,013,395 |
|
|
|
|
|
|
| |
1,500 |
|
|
|
|
Cook County, Illinois, General Obligation Bonds, Refunding Series 2021A, 5.000%, 11/15/32 |
|
|
11/30 at 100.00 |
|
|
|
1,562,992 |
|
|
|
|
|
|
| |
2,040 |
|
|
|
|
Cook County, Illinois, Sales Tax Revenue Bonds, Series 2021A: 4.000%, 11/15/40 |
|
|
11/30 at 100.00 |
|
|
|
1,780,056 |
|
26
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Illinois (continued) |
|
|
|
|
|
|
|
|
| $ |
1,000 |
|
|
|
|
4.000%, 11/15/41 |
|
|
11/30 at 100.00 |
|
|
$ |
862,224 |
|
|
|
|
|
|
| |
1,300 |
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2015A, 5.000%,
11/15/38 |
|
|
5/25 at 100.00 |
|
|
|
1,268,968 |
|
|
|
|
|
|
| |
3,700 |
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2015B, 5.000%,
11/15/39 |
|
|
5/25 at 100.00 |
|
|
|
3,604,409 |
|
|
|
|
|
|
|
|
|
|
|
|
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C: |
|
|
|
|
|
|
|
|
| |
560 |
|
|
|
|
5.000%, 8/15/35 |
|
|
8/25 at 100.00 |
|
|
|
537,079 |
|
| |
825 |
|
|
|
|
5.000%, 8/15/44 |
|
|
8/25 at 100.00 |
|
|
|
775,949 |
|
|
|
|
|
|
| |
5,125 |
|
|
|
|
Illinois State, General Obligation Bonds, November Series 2017C, 5.000%, 11/01/29 |
|
|
11/27 at 100.00 |
|
|
|
5,230,657 |
|
|
|
|
|
|
| |
1,755 |
|
|
|
|
Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/27 |
|
|
No Opt. Call |
|
|
|
1,791,320 |
|
|
|
|
|
|
| |
5,590 |
|
|
|
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2013A, 5.000%, 1/01/38 |
|
|
12/23 at 100.00 |
|
|
|
5,589,539 |
|
|
|
|
|
|
| |
4,000 |
|
|
|
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2016B, 5.000%, 1/01/41 |
|
|
7/26 at 100.00 |
|
|
|
4,013,350 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2020A, 5.000%, 1/01/45 |
|
|
1/31 at 100.00 |
|
|
|
4,996,838 |
|
|
|
|
|
|
| |
9,015 |
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2020A, 4.000%,
6/15/50 |
|
|
12/29 at 100.00 |
|
|
|
7,017,744 |
|
|
|
|
|
|
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 1994B: |
|
|
|
|
|
|
|
|
| |
5,245 |
|
|
|
|
0.000%, 6/15/28 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
4,227,904 |
|
| |
11,675 |
|
|
|
|
0.000%, 6/15/29 - FGIC Insured |
|
|
No Opt. Call |
|
|
|
8,955,363 |
|
|
|
|
|
|
|
|
|
|
|
|
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A: |
|
|
|
|
|
|
|
|
| |
4,950 |
|
|
|
|
0.000%, 12/15/32 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
3,200,019 |
|
| |
21,375 |
|
|
|
|
0.000%, 6/15/34 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
12,811,382 |
|
| |
21,000 |
|
|
|
|
0.000%, 12/15/35 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
11,539,922 |
|
| |
21,970 |
|
|
|
|
0.000%, 6/15/36 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
11,671,833 |
|
| |
10,375 |
|
|
|
|
0.000%, 12/15/36 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
5,325,783 |
|
| |
10,000 |
|
|
|
|
0.000%, 12/15/37 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
4,790,922 |
|
| |
25,825 |
|
|
|
|
0.000%, 6/15/39 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
11,222,737 |
|
|
|
|
|
|
| |
6,095 |
|
|
|
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds,
Series 2002A, 6.000%, 7/01/32 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
6,970,578 |
|
|
|
|
|
|
| |
8,000 |
|
|
|
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds,
Series 2003A, 6.000%, 7/01/33 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
9,041,732 |
|
|
|
|
|
|
| |
5,000 |
|
|
(c) |
|
Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds,
Series 2014A, 5.000%, 6/01/44, (Pre-refunded 6/01/24) |
|
|
6/24 at 100.00 |
|
|
|
5,034,006 |
|
|
|
|
|
|
|
|
|
|
|
|
Southwestern Illinois Development Authority, Local Government Revenue Bonds, Edwardsville Community Unit School District 7
Project, Series 2007: |
|
|
|
|
|
|
|
|
| |
2,645 |
|
|
|
|
0.000%, 12/01/23 - AGM Insured |
|
|
No Opt. Call |
|
|
|
2,636,249 |
|
| |
2,375 |
|
|
|
|
0.000%, 12/01/23 - AGM Insured |
|
|
No Opt. Call |
|
|
|
2,366,230 |
|
|
|
|
|
|
|
Total Illinois |
|
|
|
|
|
|
196,851,011 |
|
27
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Indiana - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
2,250 |
|
|
|
|
Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group, Refunding 2015A, 4.000%,
12/01/40 |
|
|
6/25 at 100.00 |
|
|
$ |
1,994,051 |
|
|
|
|
|
|
| |
2,000 |
|
|
|
|
Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series 2016A, 5.000%, 1/01/42 |
|
|
7/26 at 100.00 |
|
|
|
1,993,210 |
|
|
|
|
|
|
| |
4,250 |
|
|
|
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Community Justice Campus Bonds, Courthouse & Jail Project,
Series 2019A, 5.000%, 2/01/54 |
|
|
2/29 at 100.00 |
|
|
|
4,183,586 |
|
|
|
|
|
|
|
|
|
|
|
|
Indianapolis Local Public Improvement Bond Bank, Indiana, Series 1999E: |
|
|
|
|
|
|
|
|
| |
2,400 |
|
|
|
|
0.000%, 2/01/25 - AMBAC Insured |
|
|
No Opt. Call |
|
|
|
2,273,477 |
|
| |
14,595 |
|
|
|
|
0.000%, 2/01/27 - AMBAC Insured |
|
|
No Opt. Call |
|
|
|
12,681,648 |
|
|
|
|
|
|
|
Total Indiana |
|
|
|
|
|
|
23,125,972 |
|
|
|
|
|
|
|
|
|
|
|
|
Kentucky - 1.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kenton County Airport Board, Kentucky, Airport Revenue Bonds, Cincinnati/Northern Kentucky International Airport, Refunding
Series 2016: |
|
|
|
|
|
|
|
|
| |
1,530 |
|
|
|
|
5.000%, 1/01/27 |
|
|
1/26 at 100.00 |
|
|
|
1,560,682 |
|
| |
1,600 |
|
|
|
|
5.000%, 1/01/28 |
|
|
1/26 at 100.00 |
|
|
|
1,627,546 |
|
|
|
|
|
|
|
|
|
|
|
|
Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington Center Corporation Project, Series
2018A: |
|
|
|
|
|
|
|
|
| |
1,280 |
|
|
|
|
5.000%, 9/01/37 |
|
|
9/28 at 100.00 |
|
|
|
1,303,306 |
|
| |
1,435 |
|
|
|
|
5.000%, 9/01/38 |
|
|
9/28 at 100.00 |
|
|
|
1,445,183 |
|
| |
4,000 |
|
|
|
|
5.000%, 9/01/43 |
|
|
9/28 at 100.00 |
|
|
|
3,781,877 |
|
| |
2,000 |
|
|
|
|
5.000%, 9/01/48 |
|
|
9/28 at 100.00 |
|
|
|
1,887,386 |
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc., Series
2017A, 5.000%, 12/01/45 - AGM Insured |
|
|
12/27 at 100.00 |
|
|
|
998,797 |
|
|
|
|
|
|
| |
8,935 |
|
|
|
|
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior
Series 2015A, 5.000%, 1/01/45 |
|
|
7/25 at 100.00 |
|
|
|
8,111,734 |
|
|
|
|
|
|
| |
6,000 |
|
|
|
|
Kentucky Public Transportation Infrastructure Authority, Toll Revenue Bonds, Downtown Crossing Project, Convertible Capital
Appreciation First Tier Series 2013C, 6.600%, 7/01/39 |
|
|
7/31 at 100.00 |
|
|
|
6,557,237 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Kentucky State Property and Buildings Commission, Revenue Bonds, Project 115, Series
2017, 5.000%, 4/01/30 |
|
|
4/27 at 100.00 |
|
|
|
5,105,084 |
|
|
|
|
|
|
|
Total Kentucky |
|
|
|
|
|
|
32,378,832 |
|
|
|
|
|
|
|
|
|
|
|
|
Louisiana - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,335 |
|
|
|
|
East Baton Rouge Sewerage Commission, Louisiana, Revenue Bonds, Refunding Series 2019A, 4.000%, 2/01/45 |
|
|
2/29 at 100.00 |
|
|
|
1,123,932 |
|
|
|
|
|
|
| |
9,040 |
|
|
|
|
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project, Series 2017A, 5.000%, 1/01/48 - AGM
Insured |
|
|
1/27 at 100.00 |
|
|
|
8,756,010 |
|
|
|
|
|
|
| |
1,470 |
|
|
|
|
New Orleans Aviation Board, Louisiana, Special Facility Revenue Bonds, Parking Facilities
Corporation Consolidated Garage System, Series 2018A, 5.000%, 10/01/43 - AGM Insured |
|
|
10/28 at 100.00 |
|
|
|
1,455,220 |
|
|
|
|
|
|
|
Total Louisiana |
|
|
|
|
|
|
11,335,162 |
|
|
|
|
|
|
|
|
|
|
|
|
Maine - 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maine Health and Higher Educational Facilities Authority Revenue Bonds, MaineHealth Issue, Series 2018A: |
|
|
|
|
|
|
|
|
| |
5,125 |
|
|
|
|
5.000%, 7/01/43 |
|
|
7/28 at 100.00 |
|
|
|
4,993,823 |
|
| |
2,005 |
|
|
|
|
5.000%, 7/01/48 |
|
|
7/28 at 100.00 |
|
|
|
1,925,573 |
|
28
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Maine (continued) |
|
|
|
|
|
|
|
|
| $ |
1,805 |
|
|
|
|
Maine Turnpike Authority, Turnpike Revenue Bonds, Series 2020, 5.000%, 7/01/50 |
|
|
7/30 at 100.00 |
|
|
$ |
1,806,963 |
|
|
|
|
|
|
| |
7,990 |
|
|
|
|
University of Maine, System Revenue Bonds, Series 2022, 5.000%, 3/01/47 |
|
|
3/32 at 100.00 |
|
|
|
7,817,418 |
|
|
|
|
|
|
|
Total Maine |
|
|
|
|
|
|
16,543,777 |
|
|
|
|
|
|
|
|
|
|
|
|
Maryland - 1.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017: |
|
|
|
|
|
|
|
|
| |
1,140 |
|
|
|
|
5.000%, 9/01/29 |
|
|
9/27 at 100.00 |
|
|
|
1,092,022 |
|
| |
630 |
|
|
|
|
5.000%, 9/01/31 |
|
|
9/27 at 100.00 |
|
|
|
595,307 |
|
| |
1,945 |
|
|
|
|
5.000%, 9/01/32 |
|
|
9/27 at 100.00 |
|
|
|
1,825,759 |
|
| |
385 |
|
|
|
|
5.000%, 9/01/34 |
|
|
9/27 at 100.00 |
|
|
|
356,124 |
|
| |
2,750 |
|
|
|
|
5.000%, 9/01/35 |
|
|
9/27 at 100.00 |
|
|
|
2,512,932 |
|
| |
2,550 |
|
|
|
|
5.000%, 9/01/42 |
|
|
9/27 at 100.00 |
|
|
|
2,120,207 |
|
| |
6,665 |
|
|
|
|
5.000%, 9/01/46 |
|
|
9/27 at 100.00 |
|
|
|
5,374,480 |
|
|
|
|
|
|
| |
1,050 |
|
|
|
|
Maryland Health and Higher Educational Facilities Authority, Maryland, Revenue Bonds, Meritus Medical Center, Series 2015,
5.000%, 7/01/40 |
|
|
7/25 at 100.00 |
|
|
|
1,013,875 |
|
|
|
|
|
|
|
|
|
|
|
|
Maryland Stadium Authority, Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series
2018A: |
|
|
|
|
|
|
|
|
| |
4,375 |
|
|
|
|
5.000%, 5/01/47 |
|
|
5/28 at 100.00 |
|
|
|
4,384,364 |
|
| |
2,260 |
|
|
(c) |
|
5.000%, 5/01/47, (Pre-refunded 5/01/28) |
|
|
5/28 at 100.00 |
|
|
|
2,377,281 |
|
|
|
|
|
|
|
Total Maryland |
|
|
|
|
|
|
21,652,351 |
|
|
|
|
|
|
|
|
|
|
|
|
Massachusetts - 0.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Refunding Senior Lien Series 2019A,
5.000%, 1/01/37 |
|
|
1/29 at 100.00 |
|
|
|
1,030,928 |
|
|
|
|
|
|
| |
2,905 |
|
|
|
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green Bonds, Series 2015D, 5.000%,
7/01/44 |
|
|
7/25 at 100.00 |
|
|
|
2,703,809 |
|
|
|
|
|
|
| |
1,500 |
|
|
|
|
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2016E, 5.000%, 7/01/35 |
|
|
7/26 at 100.00 |
|
|
|
1,506,424 |
|
|
|
|
|
|
| |
2,765 |
|
|
|
|
Massachusetts Development Finance Agency, Revenue Bonds, Dana- Farber Cancer Institute Issue, Series 2016N, 5.000%,
12/01/46 |
|
|
12/26 at 100.00 |
|
|
|
2,657,467 |
|
|
|
|
|
|
| |
980 |
|
|
|
|
Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Senior
Series 1997A, 0.000%, 1/01/29 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
780,247 |
|
|
|
|
|
|
|
Total Massachusetts |
|
|
|
|
|
|
8,678,875 |
|
|
|
|
|
|
|
|
|
|
|
|
Michigan - 2.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bloomfield Hills Schools, Oakland County, Michigan, General Obligation Bonds, School Building & Site Series
2023: |
|
|
|
|
|
|
|
|
| |
1,475 |
|
|
|
|
5.000%, 5/01/44 |
|
|
5/33 at 100.00 |
|
|
|
1,493,918 |
|
| |
625 |
|
|
|
|
5.000%, 5/01/48 |
|
|
5/33 at 100.00 |
|
|
|
628,757 |
|
| |
820 |
|
|
|
|
5.000%, 5/01/50 |
|
|
5/33 at 100.00 |
|
|
|
822,807 |
|
|
|
|
|
|
|
|
|
|
|
|
Detroit Academy of Arts and Sciences, Michigan, Public School Academy Revenue Bonds, Refunding Series 2013: |
|
|
|
|
|
|
|
|
| |
1,405 |
|
|
|
|
6.000%, 10/01/33 |
|
|
12/23 at 100.00 |
|
|
|
1,273,915 |
|
| |
2,520 |
|
|
|
|
6.000%, 10/01/43 |
|
|
12/23 at 100.00 |
|
|
|
2,120,713 |
|
|
|
|
|
|
| |
15 |
|
|
|
|
Detroit, Michigan, Second Lien Sewerage Disposal System Revenue Bonds, Series 2005A, 4.500%, 7/01/35 - NPFG Insured |
|
|
12/23 at 100.00 |
|
|
|
15,001 |
|
|
|
|
|
|
| |
2,925 |
|
|
|
|
Detroit, Michigan, Senior Lien Sewerage Disposal System Revenue Bonds, Series 2001B, 5.500%, 7/01/29 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
2,982,513 |
|
|
|
|
|
|
| |
5 |
|
|
|
|
Detroit, Michigan, Water Supply System Revenue Bonds, Second Lien Series 2003B, 5.000%, 7/01/34 - NPFG Insured |
|
|
12/23 at 100.00 |
|
|
|
5,005 |
|
29
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Michigan (continued) |
|
|
|
|
|
|
|
|
| $ |
5 |
|
|
|
|
Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien Series 2003A, 5.000%, 7/01/34 - NPFG Insured |
|
|
12/23 at 100.00 |
|
|
$ |
5,005 |
|
|
|
|
|
|
| |
4,000 |
|
|
|
|
Kalamazoo County, Michigan, General Obligation Bonds, Limitied Tax Series 2022, 4.000%, 5/01/45 |
|
|
5/31 at 100.00 |
|
|
|
3,382,301 |
|
|
|
|
|
|
| |
3,315 |
|
|
|
|
Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of Wayne Criminal Justice Center Project,
Senior Lien Series 2018, 5.000%, 11/01/43 |
|
|
11/28 at 100.00 |
|
|
|
3,340,900 |
|
|
|
|
|
|
| |
1,565 |
|
|
|
|
Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco Receipts, Series 2020B-1-CL2, 5.000%, 6/01/49 |
|
|
12/30 at 100.00 |
|
|
|
1,533,944 |
|
|
|
|
|
|
| |
6,000 |
|
|
|
|
Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit Group, Refunding & Project Series 2010F-6, 4.000%, 11/15/47 |
|
|
11/26 at 100.00 |
|
|
|
4,941,875 |
|
|
|
|
|
|
|
|
|
|
|
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series
2015-I: |
|
|
|
|
|
|
|
|
| |
9,565 |
|
|
|
|
5.000%, 4/15/30 |
|
|
10/25 at 100.00 |
|
|
|
9,722,733 |
|
| |
435 |
|
|
(c) |
|
5.000%, 4/15/30, (Pre-refunded 10/15/25) |
|
|
10/25 at 100.00 |
|
|
|
443,850 |
|
|
|
|
|
|
| |
2,100 |
|
|
|
|
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2023II, 4.000%, 10/15/43 |
|
|
10/33 at 100.00 |
|
|
|
1,832,016 |
|
|
|
|
|
|
|
|
|
|
|
|
Michigan State, Trunk Line Fund Bonds, Rebuilding Michigan Program, Series 2021A: |
|
|
|
|
|
|
|
|
| |
3,020 |
|
|
|
|
4.000%, 11/15/37 |
|
|
11/31 at 100.00 |
|
|
|
2,801,340 |
|
| |
6,510 |
|
|
|
|
4.000%, 11/15/38 |
|
|
11/31 at 100.00 |
|
|
|
6,006,252 |
|
|
|
|
|
|
|
|
|
|
|
|
Michigan Technological University, General Revenue Bonds, Series 2023A: |
|
|
|
|
|
|
|
|
| |
1,515 |
|
|
|
|
5.000%, 10/01/47 - AGM Insured |
|
|
10/31 at 100.00 |
|
|
|
1,476,914 |
|
| |
675 |
|
|
|
|
5.250%, 10/01/52 - AGM Insured |
|
|
10/31 at 100.00 |
|
|
|
673,129 |
|
|
|
|
|
|
| |
1,800 |
|
|
|
|
Northern Michigan University, General Revenue Bonds, Series 2021, 4.000%, 6/01/46 |
|
|
6/31 at 100.00 |
|
|
|
1,414,200 |
|
|
|
|
|
|
| |
1,100 |
|
|
|
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2015D, 5.000%,
12/01/45 |
|
|
12/25 at 100.00 |
|
|
|
1,080,378 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne
County Airport, Series 2023A, 5.250%, 12/01/48 - AGM Insured |
|
|
12/33 at 100.00 |
|
|
|
5,093,859 |
|
|
|
|
|
|
|
Total Michigan |
|
|
|
|
|
|
53,091,325 |
|
|
|
|
|
|
|
|
|
|
|
|
Minnesota - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
3,200 |
|
|
|
|
Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Refunding Series 2016B, 5.000%, 11/15/34 |
|
|
No Opt. Call |
|
|
|
3,516,356 |
|
|
|
|
|
|
| |
1,480 |
|
|
|
|
University of Minnesota, General Obligation Bonds, Series 2016A, 5.000%, 4/01/41 |
|
|
4/26 at 100.00 |
|
|
|
1,489,724 |
|
|
|
|
|
|
|
Total Minnesota |
|
|
|
|
|
|
5,006,080 |
|
|
|
|
|
|
|
|
|
|
|
|
Missouri - 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
3,465 |
|
|
|
|
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds,
CoxHealth, Series 2013A, 5.000%, 11/15/48 |
|
|
12/23 at 100.00 |
|
|
|
3,253,280 |
|
|
|
|
|
|
|
Total Missouri |
|
|
|
|
|
|
3,253,280 |
|
|
|
|
|
|
|
|
|
|
|
|
Montana - 0.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,115 |
|
|
|
|
Billings, Montana, Sewer System Revenue Bonds, Series 2017, 5.000%, 7/01/33 |
|
|
7/27 at 100.00 |
|
|
|
1,149,299 |
|
|
|
|
|
|
|
|
|
|
|
|
Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell Regional Medical Center, Series 2018B: |
|
|
|
|
|
|
|
|
| |
1,340 |
|
|
|
|
5.000%, 7/01/30 |
|
|
7/28 at 100.00 |
|
|
|
1,340,540 |
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Montana (continued) |
|
|
|
|
|
|
|
|
| $ |
1,415 |
|
|
|
|
5.000%, 7/01/31 |
|
|
7/28 at 100.00 |
|
|
$ |
1,412,652 |
|
| |
1,980 |
|
|
|
|
5.000%, 7/01/32 |
|
|
7/28 at 100.00 |
|
|
|
1,971,729 |
|
| |
2,135 |
|
|
|
|
5.000%, 7/01/33 |
|
|
7/28 at 100.00 |
|
|
|
2,119,199 |
|
|
|
|
|
|
| |
3,045 |
|
|
|
|
Montana Facility Finance Authority, Revenue Bonds, Billings Clinic Obligated Group,
Series 2018A, 5.000%, 8/15/48 |
|
|
8/28 at 100.00 |
|
|
|
2,921,528 |
|
|
|
|
|
|
|
Total Montana |
|
|
|
|
|
|
10,914,947 |
|
|
|
|
|
|
|
|
|
|
|
|
Nebraska - 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Refunding Crossover Series 2017A: |
|
|
|
|
|
|
|
|
| |
1,710 |
|
|
|
|
5.000%, 9/01/35 |
|
|
No Opt. Call |
|
|
|
1,690,546 |
|
| |
1,500 |
|
|
|
|
5.000%, 9/01/42 |
|
|
No Opt. Call |
|
|
|
1,410,523 |
|
|
|
|
|
|
| |
1,400 |
|
|
|
|
Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska
Methodist Health System, Refunding Series 2015, 5.000%, 11/01/45 |
|
|
11/25 at 100.00 |
|
|
|
1,353,630 |
|
|
|
|
|
|
|
Total Nebraska |
|
|
|
|
|
|
4,454,699 |
|
|
|
|
|
|
|
|
|
|
|
|
Nevada - 2.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
490 |
|
|
|
|
Clark County School District, Nevada, General Obligation Bonds, Limited Tax Building Series 2020A, 4.000%, 6/15/40 - AGM
Insured |
|
|
6/30 at 100.00 |
|
|
|
429,671 |
|
|
|
|
|
|
|
|
|
|
|
|
Clark County, Nevada, General Obligation Bonds, Transportation Improvement, Limited Tax, Additionally Secured by Pledged Revenue
Series 2018B: |
|
|
|
|
|
|
|
|
| |
2,000 |
|
|
|
|
5.000%, 12/01/33 |
|
|
12/28 at 100.00 |
|
|
|
2,092,440 |
|
| |
5,000 |
|
|
|
|
5.000%, 12/01/35 |
|
|
12/28 at 100.00 |
|
|
|
5,197,967 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Las Vegas Convention and Visitors Authority, Nevada, Convention Center Expansion Revenue Bonds, Series 2018B, 5.000%,
7/01/43 |
|
|
7/28 at 100.00 |
|
|
|
5,023,269 |
|
|
|
|
|
|
| |
8,500 |
|
|
|
|
Las Vegas Convention and Visitors Authority, Nevada, Revenue Bonds, Series 2018C, 5.250%, 7/01/43 |
|
|
7/28 at 100.00 |
|
|
|
8,627,207 |
|
|
|
|
|
|
|
|
|
|
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2015: |
|
|
|
|
|
|
|
|
| |
5,220 |
|
|
|
|
5.000%, 6/01/33 |
|
|
12/24 at 100.00 |
|
|
|
5,271,977 |
|
| |
10,000 |
|
|
|
|
5.000%, 6/01/34 |
|
|
12/24 at 100.00 |
|
|
|
10,097,462 |
|
| |
9,000 |
|
|
|
|
5.000%, 6/01/39 |
|
|
12/24 at 100.00 |
|
|
|
9,039,473 |
|
|
|
|
|
|
| |
1,205 |
|
|
|
|
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Water Improvement Series 2016A, 5.000%,
6/01/41 |
|
|
6/26 at 100.00 |
|
|
|
1,213,645 |
|
|
|
|
|
|
| |
2,000 |
|
|
|
|
Reno, Nevada, Subordinate Lien Sales Tax Revenue Refunding Bonds, ReTrac-Reno Transporation Rail Access Corridor Project, Series
2018A, 5.000%, 6/01/48 |
|
|
12/28 at 100.00 |
|
|
|
1,867,447 |
|
|
|
|
|
|
| |
250 |
|
|
|
|
Reno, Nevada, Subordinate Lien Sales Tax Revenue Refunding Bonds, ReTrac-Reno
Transporation Rail Access Corridor Project, Series 2018B,
5.000%, 6/01/33 - AGM Insured |
|
|
12/28 at 100.00 |
|
|
|
257,514 |
|
|
|
|
|
|
|
Total Nevada |
|
|
|
|
|
|
49,118,072 |
|
|
|
|
|
|
|
|
|
|
|
|
New Jersey - 4.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2,500 |
|
|
|
|
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2018A, 5.000%, 1/01/36 |
|
|
1/29 at 100.00 |
|
|
|
2,602,084 |
|
|
|
|
|
|
| |
930 |
|
|
|
|
New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge Replacement Project, Series 2013, 5.125%,
1/01/39 - AGM Insured, (AMT) |
|
|
1/24 at 100.00 |
|
|
|
930,181 |
|
|
|
|
|
|
| |
6,000 |
|
|
(c) |
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2016BBB, 5.500%, 6/15/31, (Pre-
refunded 12/15/26) |
|
|
12/26 at 100.00 |
|
|
|
6,303,208 |
|
31
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
New Jersey (continued) |
|
|
|
|
|
|
|
|
| $ |
5,990 |
|
|
|
|
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series
2005N-1, 5.500%, 9/01/25 - AGM Insured |
|
|
No Opt. Call |
|
|
$ |
6,149,035 |
|
|
|
|
|
|
| |
3,380 |
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation Program Bonds, Series 2022BB, 4.000%, 6/15/46 |
|
|
12/31 at 100.00 |
|
|
|
2,882,131 |
|
|
|
|
|
|
| |
9,420 |
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Capital Appreciation Series 2010A, 0.000%,
12/15/31 |
|
|
No Opt. Call |
|
|
|
6,471,304 |
|
|
|
|
|
|
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C: |
|
|
|
|
|
|
|
|
| |
30,000 |
|
|
|
|
0.000%, 12/15/30 - FGIC Insured |
|
|
No Opt. Call |
|
|
|
21,760,968 |
|
| |
27,000 |
|
|
|
|
0.000%, 12/15/32 - AGM Insured |
|
|
No Opt. Call |
|
|
|
17,943,520 |
|
|
|
|
|
|
|
|
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA: |
|
|
|
|
|
|
|
|
| |
2,750 |
|
|
|
|
5.250%, 6/15/32 |
|
|
6/25 at 100.00 |
|
|
|
2,777,862 |
|
| |
2,150 |
|
|
|
|
5.250%, 6/15/34 |
|
|
6/25 at 100.00 |
|
|
|
2,167,144 |
|
|
|
|
|
|
| |
1,220 |
|
|
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2020AA, 4.000%, 6/15/50 |
|
|
12/30 at 100.00 |
|
|
|
1,014,323 |
|
|
|
|
|
|
| |
2,000 |
|
|
|
|
New Jersey Turnpike Authority, Revenue Bonds, Series 2017B, 5.000%, 1/01/40 |
|
|
1/28 at 100.00 |
|
|
|
2,024,821 |
|
|
|
|
|
|
| |
3,760 |
|
|
|
|
New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2017G, 4.000%, 1/01/43 |
|
|
1/28 at 100.00 |
|
|
|
3,337,050 |
|
|
|
|
|
|
| |
1,455 |
|
|
|
|
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Series 2020A, 5.000%, 11/01/41 - BAM
Insured |
|
|
11/30 at 100.00 |
|
|
|
1,453,788 |
|
|
|
|
|
|
| |
2,535 |
|
|
|
|
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed
Bonds, Series 2018B, 5.000%, 6/01/46 |
|
|
6/28 at 100.00 |
|
|
|
2,353,567 |
|
|
|
|
|
|
|
Total New Jersey |
|
|
|
|
|
|
80,170,986 |
|
|
|
|
|
|
|
|
|
|
|
|
New York - 7.6% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
4,200 |
|
|
|
|
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2021B,
4.000%, 3/15/47 |
|
|
3/31 at 100.00 |
|
|
|
3,616,080 |
|
|
|
|
|
|
|
|
|
|
|
|
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory Facilities, Series 2017A: |
|
|
|
|
|
|
|
|
| |
2,970 |
|
|
|
|
5.000%, 7/01/42 |
|
|
7/27 at 100.00 |
|
|
|
2,997,246 |
|
| |
780 |
|
|
(c) |
|
5.000%, 7/01/42, (Pre-refunded 7/01/27) |
|
|
7/27 at 100.00 |
|
|
|
813,979 |
|
|
|
|
|
|
| |
1,950 |
|
|
|
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2018, 5.000%, 9/01/39 |
|
|
9/28 at 100.00 |
|
|
|
1,984,378 |
|
|
|
|
|
|
|
|
|
|
|
|
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2021A: |
|
|
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
4.000%, 9/01/39 |
|
|
9/31 at 100.00 |
|
|
|
887,562 |
|
| |
2,100 |
|
|
|
|
4.000%, 9/01/41 |
|
|
9/31 at 100.00 |
|
|
|
1,828,233 |
|
|
|
|
|
|
|
|
|
|
|
|
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2020C-1: |
|
|
|
|
|
|
|
|
| |
3,100 |
|
|
|
|
4.750%, 11/15/45 |
|
|
5/30 at 100.00 |
|
|
|
2,853,357 |
|
| |
8,325 |
|
|
|
|
5.000%, 11/15/50 |
|
|
5/30 at 100.00 |
|
|
|
7,929,126 |
|
|
|
|
|
|
|
|
|
|
|
|
MTA Hudson Rail Yards Trust Obligations, New York, MTA Financing Agreement Payable by the Metropolitan Transportation Authority,
Series 2016A: |
|
|
|
|
|
|
|
|
| |
3,135 |
|
|
|
|
5.000%, 11/15/51 |
|
|
11/23 at 100.00 |
|
|
|
2,955,701 |
|
| |
7,380 |
|
|
|
|
5.000%, 11/15/56 |
|
|
11/23 at 100.00 |
|
|
|
6,872,100 |
|
|
|
|
|
|
|
|
|
|
|
|
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium
Project, Refunding Series 2021A: |
|
|
|
|
|
|
|
|
| |
1,500 |
|
|
|
|
5.000%, 1/01/29 - AGM Insured |
|
|
No Opt. Call |
|
|
|
1,556,992 |
|
32
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
New York (continued) |
|
|
|
|
|
|
|
|
| $ |
1,750 |
|
|
|
|
5.000%, 1/01/30 - AGM Insured |
|
|
No Opt. Call |
|
|
$ |
1,823,684 |
|
|
|
|
|
|
| |
4,000 |
|
|
|
|
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal
2019 Series FF-2, 4.000%, 6/15/37 |
|
|
6/29 at 100.00 |
|
|
|
3,733,725 |
|
|
|
|
|
|
| |
17,425 |
|
|
|
|
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2019 Subseries S-3A, 5.000%, 7/15/37 |
|
|
7/28 at 100.00 |
|
|
|
17,774,840 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2022 Subseries F-1, 5.000%, 2/01/51 |
|
|
2/32 at 100.00 |
|
|
|
4,971,614 |
|
|
|
|
|
|
| |
3,465 |
|
|
|
|
New York City, New York, General Obligation Bonds, Fiscal 2021 Series C, 5.000%, 8/01/42 |
|
|
8/30 at 100.00 |
|
|
|
3,511,767 |
|
|
|
|
|
|
| |
11,755 |
|
|
|
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series
2014, 5.000%, 11/15/44, 144A |
|
|
11/24 at 100.00 |
|
|
|
10,528,369 |
|
|
|
|
|
|
| |
3,180 |
|
|
|
|
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Secured by Port Authority Consolidated Bonds,
Refunding Series 1WTC-2021, 4.000%, 2/15/43 - BAM Insured |
|
|
2/30 at 100.00 |
|
|
|
2,698,174 |
|
|
|
|
|
|
| |
4,000 |
|
|
|
|
New York State Power Authority, General Revenue Bonds, Series 2020A, 4.000%, 11/15/50 |
|
|
5/30 at 100.00 |
|
|
|
3,314,312 |
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Bidding Group 1 Series 2022A, 4.000%, 3/15/49 |
|
|
9/32 at 100.00 |
|
|
|
856,085 |
|
|
|
|
|
|
| |
8,270 |
|
|
|
|
New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment
Project, Series 2016A, 5.000%, 7/01/41, (AMT) |
|
|
7/24 at 100.00 |
|
|
|
7,853,322 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2022, 5.000%, 12/01/40, (AMT) |
|
|
12/32 at 100.00 |
|
|
|
4,809,173 |
|
|
|
|
|
|
|
|
|
|
|
|
New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018: |
|
|
|
|
|
|
|
|
| |
3,250 |
|
|
|
|
5.000%, 1/01/34, (AMT) |
|
|
1/28 at 100.00 |
|
|
|
3,136,290 |
|
| |
5,250 |
|
|
|
|
5.000%, 1/01/36, (AMT) |
|
|
1/28 at 100.00 |
|
|
|
4,974,126 |
|
|
|
|
|
|
| |
4,500 |
|
|
|
|
Suffolk Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Senior Series 2021A-2, 4.000%, 6/01/50 |
|
|
6/31 at 100.00 |
|
|
|
3,616,212 |
|
|
|
|
|
|
| |
8,000 |
|
|
|
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Series 2017A,
5.000%, 11/15/37 |
|
|
5/27 at 100.00 |
|
|
|
8,154,460 |
|
|
|
|
|
|
| |
3,000 |
|
|
|
|
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Series 2015A, 5.000%,
11/15/50 |
|
|
5/25 at 100.00 |
|
|
|
2,967,058 |
|
|
|
|
|
|
| |
7,000 |
|
|
|
|
Triborough Bridge and Tunnel Authority, New York, Payroll Mobility Tax Bonds, Senior Lien Green Bonds, Series 2022D-2, 4.500%, 5/15/52 |
|
|
11/32 at 100.00 |
|
|
|
6,446,789 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Triborough Bridge and Tunnel Authority, New York, Payroll Mobility Tax Bonds, Senior Lien Subseries 2021A-1, 5.000%, 5/15/51 |
|
|
5/31 at 100.00 |
|
|
|
4,957,045 |
|
|
|
|
|
|
| |
6,000 |
|
|
|
|
Triborough Bridge and Tunnel Authority, New York, Sales Tax Revenue Bonds, MTA Bridges & Tunnels, TBTA Capital
Lockbox-City Sales Tax, Series 2022A, 5.250%, 5/15/57 |
|
|
11/32 at 100.00 |
|
|
|
6,120,359 |
|
|
|
|
|
|
| |
650 |
|
|
|
|
TSASC Inc., New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series B,
5.000%, 6/01/24 |
|
|
No Opt. Call |
|
|
|
646,613 |
|
|
|
|
|
|
|
Total New York |
|
|
|
|
|
|
137,188,771 |
|
|
|
|
|
|
|
|
|
|
|
|
North Carolina - 1.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,520 |
|
|
|
|
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University Project, Refunding Series 2016B, 5.000%,
10/01/44 |
|
|
10/26 at 100.00 |
|
|
|
1,523,786 |
|
33
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
North Carolina (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot
Lanes Project, Series 2015: |
|
|
|
|
|
|
|
|
| $ |
2,155 |
|
|
|
|
5.000%, 12/31/37, (AMT) |
|
|
6/25 at 100.00 |
|
|
$ |
2,077,798 |
|
| |
4,175 |
|
|
|
|
5.000%, 6/30/54, (AMT) |
|
|
6/25 at 100.00 |
|
|
|
3,758,243 |
|
|
|
|
|
|
| |
2,995 |
|
|
|
|
North Carolina Turnpike Authority, Monroe Expressway Toll Revenue Bonds, Series 2017A, 5.000%, 7/01/54 |
|
|
7/26 at 100.00 |
|
|
|
2,786,029 |
|
|
|
|
|
|
|
|
|
|
|
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019: |
|
|
|
|
|
|
|
|
| |
2,000 |
|
|
|
|
0.000%, 1/01/41 |
|
|
1/30 at 71.45 |
|
|
|
820,768 |
|
| |
1,500 |
|
|
|
|
0.000%, 1/01/42 |
|
|
1/30 at 68.97 |
|
|
|
577,723 |
|
| |
14,500 |
|
|
|
|
0.000%, 1/01/49 |
|
|
1/30 at 54.10 |
|
|
|
3,595,143 |
|
|
|
|
|
|
|
|
|
|
|
|
North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Senior Lien Series 2017: |
|
|
|
|
|
|
|
|
| |
1,625 |
|
|
|
|
5.000%, 1/01/30 |
|
|
1/27 at 100.00 |
|
|
|
1,648,800 |
|
|
|
|
|
|
| |
1,850 |
|
|
|
|
5.000%, 1/01/32 |
|
|
1/27 at 100.00 |
|
|
|
1,875,895 |
|
|
|
|
|
|
|
Total North Carolina |
|
|
|
|
|
|
18,664,185 |
|
|
|
|
|
|
|
|
|
|
|
|
North Dakota - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,840 |
|
|
|
|
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System
Obligated Group, Series 2017A, 5.000%, 12/01/42 |
|
|
12/27 at 100.00 |
|
|
|
1,648,362 |
|
|
|
|
|
|
|
Total North Dakota |
|
|
|
|
|
|
1,648,362 |
|
|
|
|
|
|
|
|
|
|
|
|
Ohio - 4.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
4,710 |
|
|
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series
2020A-2 Class 1, 4.000%, 6/01/48 |
|
|
6/30 at 100.00 |
|
|
|
3,769,657 |
|
|
|
|
|
|
| |
44,200 |
|
|
|
|
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series
2020B-2 Class 2, 5.000%, 6/01/55 |
|
|
6/30 at 100.00 |
|
|
|
36,208,406 |
|
|
|
|
|
|
| |
4,975 |
|
|
|
|
Central Ohio Transit Authority, Ohio, General Obligation Bonds, Capital Facilities Limited Tax Series 2023, 5.000%,
12/01/53 |
|
|
12/33 at 100.00 |
|
|
|
4,985,961 |
|
|
|
|
|
|
| |
1,195 |
|
|
|
|
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, Refunding & Improvement
Series 2017A, 5.000%, 11/01/32 |
|
|
11/27 at 100.00 |
|
|
|
1,241,427 |
|
|
|
|
|
|
| |
3,485 |
|
|
|
|
Franklin County, Ohio, Revenue Bonds, Trinity Health Credit Group, Series 2017OH, 4.000%, 12/01/46 |
|
|
6/27 at 100.00 |
|
|
|
2,904,570 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Franklin County, Ohio, Sales Tax Revenue Bonds, Various Purpose Series 2018, 5.000%, 6/01/43 |
|
|
6/28 at 100.00 |
|
|
|
5,061,014 |
|
|
|
|
|
|
| |
14,500 |
|
|
|
|
Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Corporation Project,
Refunding Series 2009D, 3.375%, 8/01/29, (Mandatory Put 9/15/21) |
|
|
No Opt. Call |
|
|
|
12,774,236 |
|
|
|
|
|
|
| |
4,110 |
|
|
|
|
Ohio State, Private Activity Bonds, Portsmouth Gateway Group, LLC - Borrower, Portsmouth Bypass Project, Series 2015, 5.000%,
12/31/39 - AGM Insured, (AMT) |
|
|
6/25 at 100.00 |
|
|
|
3,870,372 |
|
|
|
|
|
|
| |
1,940 |
|
|
|
|
Port of Greater Cincinnati Development Authority, Ohio, Public Improvement TOT Revenue
Bonds, Series 2021, 4.250%, 12/01/50, 144A |
|
|
12/28 at 100.00 |
|
|
|
1,420,326 |
|
|
|
|
|
|
|
Total Ohio |
|
|
|
|
|
|
72,235,969 |
|
|
|
|
|
|
|
|
|
|
|
|
Oklahoma - 1.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
4,000 |
|
|
(c) |
|
Oklahoma City Water Utilities Trust, Oklahoma, Water and Sewer Revenue Bonds, Refunding Series 2016, 5.000%, 7/01/36, (Pre-refunded 7/01/26) |
|
|
7/26 at 100.00 |
|
|
|
4,120,361 |
|
34
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Oklahoma (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, Integris Baptist Medical Center, Refunding Series
2015A: |
|
|
|
|
|
|
|
|
| $ |
1,590 |
|
|
|
|
5.000%, 8/15/27 |
|
|
8/25 at 100.00 |
|
|
$ |
1,590,077 |
|
| |
1,250 |
|
|
|
|
5.000%, 8/15/29 |
|
|
8/25 at 100.00 |
|
|
|
1,236,967 |
|
|
|
|
|
|
|
|
|
|
|
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B: |
|
|
|
|
|
|
|
|
| |
1,790 |
|
|
|
|
5.250%, 8/15/43 |
|
|
8/28 at 100.00 |
|
|
|
1,562,093 |
|
| |
7,040 |
|
|
|
|
5.500%, 8/15/57 |
|
|
8/28 at 100.00 |
|
|
|
6,020,583 |
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Taxable Series 2022, 5.500%,
8/15/37 |
|
|
8/32 at 100.00 |
|
|
|
906,240 |
|
|
|
|
|
|
| |
10,000 |
|
|
|
|
Oklahoma State Turnpike Authority, Turnpike System Revenue Bonds, Second Senior Series
2017A, 5.000%, 1/01/42 |
|
|
1/26 at 100.00 |
|
|
|
9,893,641 |
|
|
|
|
|
|
|
Total Oklahoma |
|
|
|
|
|
|
25,329,962 |
|
|
|
|
|
|
|
|
|
|
|
|
Oregon - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2,500 |
|
|
|
|
Oregon Health and Science University, Revenue Bonds, Green Series 2021A, 4.000%, 7/01/44 |
|
|
1/32 at 100.00 |
|
|
|
2,140,124 |
|
|
|
|
|
|
| |
6,585 |
|
|
|
|
Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Refunding Senior Lien Series 2017B, 5.000%,
11/15/28 |
|
|
5/27 at 100.00 |
|
|
|
6,885,214 |
|
|
|
|
|
|
| |
2,000 |
|
|
|
|
Oregon State, General Obligation Bonds, Article XI-Q State Projects Series 2021A, 4.000%,
5/01/40 |
|
|
5/31 at 100.00 |
|
|
|
1,798,170 |
|
|
|
|
|
|
| |
7,500 |
|
|
|
|
Portland, Oregon, Sewer System Revenue Bonds, Second Lien Refunding Series 2023A, 5.000%, 12/01/47 |
|
|
6/33 at 100.00 |
|
|
|
7,598,698 |
|
|
|
|
|
|
| |
5,330 |
|
|
|
|
University of Oregon, General Revenue Bonds, Series 2018A, 5.000%, 4/01/48 |
|
|
4/28 at 100.00 |
|
|
|
5,338,917 |
|
|
|
|
|
|
|
Total Oregon |
|
|
|
|
|
|
23,761,123 |
|
|
|
|
|
|
|
|
|
|
|
|
Pennsylvania - 2.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
3,155 |
|
|
|
|
Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2017A-1, 5.000%, 2/15/45 |
|
|
2/27 at 100.00 |
|
|
|
3,043,537 |
|
|
|
|
|
|
| |
3,035 |
|
|
|
|
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2022B,
4.000%, 5/01/52 |
|
|
5/32 at 100.00 |
|
|
|
2,346,227 |
|
|
|
|
|
|
| |
2,000 |
|
|
|
|
Pennsylvania State University, Revenue Bonds, Refunding Series 2016A, 5.000%, 9/01/41 |
|
|
9/26 at 100.00 |
|
|
|
2,026,219 |
|
|
|
|
|
|
| |
20,000 |
|
|
|
|
Pennsylvania State University, Revenue Bonds, Series 2023, 5.250%, 9/01/53 |
|
|
9/33 at 100.00 |
|
|
|
20,663,448 |
|
|
|
|
|
|
| |
1,250 |
|
|
|
|
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Special Revenue Bonds, Subordinate Series 2014A, 4.750%,
12/01/37 |
|
|
12/26 at 100.00 |
|
|
|
1,251,445 |
|
|
|
|
|
|
| |
3,000 |
|
|
|
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2018A-2, 5.000%,
12/01/48 |
|
|
12/28 at 100.00 |
|
|
|
2,973,762 |
|
|
|
|
|
|
| |
1,025 |
|
|
|
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2019A, 4.000%, 12/01/49 |
|
|
12/29 at 100.00 |
|
|
|
834,060 |
|
|
|
|
|
|
| |
2,620 |
|
|
|
|
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A, 4.000%, 12/01/50 |
|
|
12/30 at 100.00 |
|
|
|
2,127,571 |
|
|
|
|
|
|
| |
570 |
|
|
|
|
Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, Refunding Subordinate Series 2019B,
4.000%, 9/01/34 - AGM Insured |
|
|
9/29 at 100.00 |
|
|
|
534,644 |
|
|
|
|
|
|
| |
1,350 |
|
|
|
|
Susquehanna Area Regional Airport Authority, Pennsylvania, Airport System Revenue Bonds,
Series 2017, 5.000%, 1/01/38, (AMT) |
|
|
1/28 at 100.00 |
|
|
|
1,261,640 |
|
|
|
|
|
|
|
Total Pennsylvania |
|
|
|
|
|
|
37,062,553 |
|
35
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Puerto Rico - 1.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured
2018A-1: |
|
|
|
|
|
|
|
|
| $ |
10,046 |
|
|
|
|
0.000%, 7/01/33 |
|
|
7/28 at 86.06 |
|
|
$ |
6,292,458 |
|
| |
5,985 |
|
|
|
|
4.500%, 7/01/34 |
|
|
7/25 at 100.00 |
|
|
|
5,715,764 |
|
| |
5,125 |
|
|
|
|
5.000%, 7/01/58 |
|
|
7/28 at 100.00 |
|
|
|
4,486,978 |
|
|
|
|
|
|
| |
5,320 |
|
|
|
|
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2019A-2A, 4.550%, 7/01/40 |
|
|
7/28 at 100.00 |
|
|
|
4,735,414 |
|
|
|
|
|
|
| |
12,119 |
|
|
|
|
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 |
|
|
|
10,498,999 |
|
|
|
|
|
|
|
Total Puerto Rico |
|
|
|
|
|
|
31,729,613 |
|
|
|
|
|
|
|
|
|
|
|
|
South Carolina - 2.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Patriots Energy Group, South Carolina, Gas System Revenue Bonds, Improvement and Refunding Series 2021A: |
|
|
|
|
|
|
|
|
| |
3,750 |
|
|
|
|
4.000%, 6/01/46 |
|
|
6/31 at 100.00 |
|
|
|
3,034,979 |
|
| |
1,500 |
|
|
|
|
4.000%, 6/01/51 |
|
|
6/31 at 100.00 |
|
|
|
1,174,667 |
|
|
|
|
|
|
|
|
|
|
|
|
Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series
2004A-2: |
|
|
|
|
|
|
|
|
| |
12,760 |
|
|
|
|
0.000%, 1/01/28 - AGC Insured |
|
|
No Opt. Call |
|
|
|
10,534,170 |
|
| |
9,535 |
|
|
|
|
0.000%, 1/01/29 - AGC Insured |
|
|
No Opt. Call |
|
|
|
7,507,633 |
|
|
|
|
|
|
| |
4,000 |
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding & Improvement Series 2020A,
4.000%, 12/01/39 |
|
|
12/30 at 100.00 |
|
|
|
3,461,535 |
|
|
|
|
|
|
|
|
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2016B: |
|
|
|
|
|
|
|
|
| |
5,500 |
|
|
|
|
5.000%, 12/01/46 |
|
|
12/26 at 100.00 |
|
|
|
5,245,353 |
|
| |
8,000 |
|
|
|
|
5.000%, 12/01/56 |
|
|
12/26 at 100.00 |
|
|
|
7,425,938 |
|
|
|
|
|
|
| |
1,500 |
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2022A, 5.000%, 12/01/55 |
|
|
6/32 at 100.00 |
|
|
|
1,393,565 |
|
|
|
|
|
|
| |
3,455 |
|
|
|
|
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2014A,
5.500%, 12/01/54 |
|
|
6/24 at 100.00 |
|
|
|
3,373,686 |
|
|
|
|
|
|
|
Total South Carolina |
|
|
|
|
|
|
43,151,526 |
|
|
|
|
|
|
|
|
|
|
|
|
South Dakota - 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2,630 |
|
|
|
|
Baltic School District No. 49-1, South
Dakota, General Obligation Bonds, Series 2022, 5.250%, 12/01/47 - AGM Insured |
|
|
12/31 at 100.00 |
|
|
|
2,671,699 |
|
|
|
|
|
|
|
Total South Dakota |
|
|
|
|
|
|
2,671,699 |
|
|
|
|
|
|
|
|
|
|
|
|
Tennessee - 1.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hallsdale-Powell Utility District, Knox County, Tennessee, Water and Sewer Revenue Bonds, Refunding & Improvement Series
2022A: |
|
|
|
|
|
|
|
|
| |
760 |
|
|
|
|
4.000%, 4/01/37 |
|
|
4/31 at 100.00 |
|
|
|
707,682 |
|
| |
1,305 |
|
|
|
|
4.000%, 4/01/40 |
|
|
4/31 at 100.00 |
|
|
|
1,182,160 |
|
|
|
|
|
|
|
|
|
|
|
|
Loudon, Tennessee, Water and Sewer Revenue Bonds, Series 2023: |
|
|
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
5.000%, 3/01/40 |
|
|
3/33 at 100.00 |
|
|
|
1,019,881 |
|
| |
1,000 |
|
|
|
|
5.000%, 3/01/41 |
|
|
3/33 at 100.00 |
|
|
|
1,015,808 |
|
| |
1,495 |
|
|
|
|
5.000%, 3/01/42 |
|
|
3/33 at 100.00 |
|
|
|
1,511,295 |
|
| |
4,250 |
|
|
|
|
4.375%, 3/01/48 |
|
|
3/33 at 100.00 |
|
|
|
3,623,295 |
|
|
|
|
|
|
| |
1,450 |
|
|
|
|
Memphis, Tennessee, Sanitary Sewerage System Revenue Bonds, Refunding Series 2020B, 5.000%, 10/01/45 |
|
|
10/30 at 100.00 |
|
|
|
1,474,024 |
|
|
|
|
|
|
| |
2,260 |
|
|
|
|
Metropolitan Government of Nashville-Davidson County, Tennessee, Water and Sewerage Revenue Bonds, Green Series 2017A, 5.000%,
7/01/42 |
|
|
7/27 at 100.00 |
|
|
|
2,253,742 |
|
36
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Tennessee (continued) |
|
|
|
|
|
|
|
|
| $ |
2,000 |
|
|
|
|
Metropolitan Nashville Airport Authority, Tennessee, Airport Improvement Revenue Bonds, Series 2022A, 5.250%, 7/01/47 |
|
|
7/32 at 100.00 |
|
|
$ |
2,016,988 |
|
|
|
|
|
|
| |
1,375 |
|
|
|
|
New Memphis Arena Public Building Authority, Memphis and Shelby County, Tennessee, Local Government Public Improvement Bonds,
Capital Appreciation Series 2021, 0.000%, 4/01/40 |
|
|
4/31 at 81.47 |
|
|
|
548,070 |
|
|
|
|
|
|
| |
3,000 |
|
|
|
|
Tennessee State School Bond Authority, Higher Educational Facilities Second Program Bonds, Series 2017A, 5.000%,
11/01/42 |
|
|
11/27 at 100.00 |
|
|
|
3,013,735 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Tennessee State, General Obligation Bonds, Series 2023A, 5.000%, 5/01/40 |
|
|
5/33 at 100.00 |
|
|
|
5,221,722 |
|
|
|
|
|
|
| |
3,240 |
|
|
|
|
West Wilson Utility District, Wilson County, Tennessee, Water Revenue Bonds, Improvement
Series 2022, 4.000%, 6/01/52 |
|
|
6/32 at 100.00 |
|
|
|
2,723,491 |
|
|
|
|
|
|
|
Total Tennessee |
|
|
|
|
|
|
26,311,893 |
|
|
|
|
|
|
|
|
|
|
|
|
Texas - 13.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
240 |
|
|
|
|
Baytown Municipal Development District, Texas, Hotel Revenue Bonds, Baytown Convention Center Hotel, First-Lien Series 2021A,
4.000%, 10/01/50 |
|
|
10/31 at 100.00 |
|
|
|
170,943 |
|
|
|
|
|
|
| |
14,355 |
|
|
(e) |
|
Bexar County Hospital District, Texas, Certificates of Obligation, Series 2018, 4.000%, 2/15/43, (UB) |
|
|
2/27 at 100.00 |
|
|
|
12,372,986 |
|
|
|
|
|
|
| |
4,750 |
|
|
|
|
Bexar County Hospital District, Texas, Certificates of Obligation, Series 2023, 5.000%, 2/15/48 |
|
|
8/32 at 100.00 |
|
|
|
4,785,493 |
|
|
|
|
|
|
| |
710 |
|
|
|
|
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2020A, 5.000%, 1/01/39 |
|
|
1/30 at 100.00 |
|
|
|
716,041 |
|
|
|
|
|
|
| |
240 |
|
|
|
|
Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series 2014A, 5.250%, 9/01/44 |
|
|
9/24 at 100.00 |
|
|
|
221,144 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
El Paso County Hospital District, Texas, General Obligtion Bonds, Certificates of Obligation Series 2013, 5.000%,
8/15/39 |
|
|
12/23 at 100.00 |
|
|
|
4,504,587 |
|
|
|
|
|
|
|
|
|
|
|
|
Fort Bend County Municipal Utility District 50, Texas, General Obligation Bonds, Series 2018A: |
|
|
|
|
|
|
|
|
| |
2,600 |
|
|
|
|
4.000%, 9/01/46 - AGM Insured |
|
|
12/23 at 100.00 |
|
|
|
2,068,642 |
|
| |
5,500 |
|
|
|
|
4.000%, 9/01/48 - AGM Insured |
|
|
12/23 at 100.00 |
|
|
|
4,296,252 |
|
|
|
|
|
|
| |
2,845 |
|
|
|
|
Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Houston Methodist Hospital System, Series
2015, 4.000%, 12/01/45 |
|
|
6/25 at 100.00 |
|
|
|
2,304,640 |
|
|
|
|
|
|
| |
7,295 |
|
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Capital Appreciation Refunding Senior Lien Series 2014A, 0.000%,
11/15/50 - AGM Insured |
|
|
11/31 at 39.79 |
|
|
|
1,435,475 |
|
|
|
|
|
|
|
|
|
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Junior Lien Series 2001H: |
|
|
|
|
|
|
|
|
| |
11,055 |
|
|
|
|
0.000%, 11/15/27 |
|
|
No Opt. Call |
|
|
|
9,046,029 |
|
| |
845 |
|
|
(c) |
|
0.000%, 11/15/27, (ETM) |
|
|
No Opt. Call |
|
|
|
708,235 |
|
|
|
|
|
|
|
|
|
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien Series 2014C: |
|
|
|
|
|
|
|
|
| |
425 |
|
|
|
|
5.000%, 11/15/23 |
|
|
No Opt. Call |
|
|
|
425,034 |
|
| |
1,565 |
|
|
|
|
5.000%, 11/15/31 |
|
|
11/24 at 100.00 |
|
|
|
1,566,251 |
|
|
|
|
|
|
| |
14,905 |
|
|
|
|
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3,
0.000%, 11/15/33 - NPFG Insured |
|
|
11/24 at 59.10 |
|
|
|
8,232,872 |
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
Hidalgo County Regional Mobility Authority, Texas, Toll and Vehicle Registration Fee Revenue Bonds, Senior Lien Series 2022A,
4.000%, 12/01/40 |
|
|
12/31 at 100.00 |
|
|
|
832,002 |
|
37
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Texas (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018B: |
|
|
|
|
|
|
|
|
| $ |
1,590 |
|
|
|
|
5.000%, 7/01/43 |
|
|
7/28 at 100.00 |
|
|
$ |
1,581,606 |
|
| |
2,290 |
|
|
|
|
5.000%, 7/01/48 |
|
|
7/28 at 100.00 |
|
|
|
2,226,598 |
|
|
|
|
|
|
|
|
|
|
|
|
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Project, Series 2001B: |
|
|
|
|
|
|
|
|
| |
24,755 |
|
|
|
|
0.000%, 9/01/29 - AMBAC Insured |
|
|
No Opt. Call |
|
|
|
18,977,178 |
|
| |
12,940 |
|
|
|
|
0.000%, 9/01/30 - AMBAC Insured |
|
|
No Opt. Call |
|
|
|
9,440,851 |
|
| |
10,000 |
|
|
|
|
0.000%, 9/01/31 - AMBAC Insured |
|
|
No Opt. Call |
|
|
|
6,936,354 |
|
| |
19,500 |
|
|
|
|
0.000%, 9/01/32 - AMBAC Insured |
|
|
No Opt. Call |
|
|
|
12,849,726 |
|
|
|
|
|
|
| |
5,120 |
|
|
|
|
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation Bonds, Refunding Series 2015A,
5.000%, 8/15/39 |
|
|
8/25 at 100.00 |
|
|
|
5,151,147 |
|
|
|
|
|
|
| |
4,510 |
|
|
|
|
Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation Bonds, Refunding Series 2016A,
5.000%, 8/15/49 |
|
|
8/26 at 100.00 |
|
|
|
4,537,931 |
|
|
|
|
|
|
| |
1,705 |
|
|
|
|
Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company - Love Field
Modernization Program Project, Series 2012, 5.000%, 11/01/28, (AMT) |
|
|
12/23 at 100.00 |
|
|
|
1,685,737 |
|
|
|
|
|
|
| |
3,570 |
|
|
|
|
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project,
Refunding Series 2021A, 5.000%, 5/15/51 |
|
|
5/31 at 100.00 |
|
|
|
3,409,853 |
|
|
|
|
|
|
|
|
|
|
|
|
Lubbock, Texas, Electric Light and Power System Revenue Bonds, Series 2018: |
|
|
|
|
|
|
|
|
| |
2,170 |
|
|
|
|
5.000%, 4/15/40 |
|
|
4/28 at 100.00 |
|
|
|
2,129,934 |
|
| |
3,930 |
|
|
|
|
5.000%, 4/15/43 |
|
|
4/28 at 100.00 |
|
|
|
3,782,896 |
|
|
|
|
|
|
|
|
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital Appreciation Series 2008I: |
|
|
|
|
|
|
|
|
| |
30,000 |
|
|
(c) |
|
6.200%, 1/01/42, (Pre-refunded 1/01/25) - AGC Insured |
|
|
1/25 at 100.00 |
|
|
|
30,758,016 |
|
| |
5,220 |
|
|
(c) |
|
6.500%, 1/01/43, (Pre-refunded 1/01/25) |
|
|
1/25 at 100.00 |
|
|
|
5,366,517 |
|
|
|
|
|
|
| |
15,450 |
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2008D, 0.000%, 1/01/36 - AGC Insured |
|
|
No Opt. Call |
|
|
|
8,637,676 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2017A, 4.000%, 1/01/43 |
|
|
1/28 at 100.00 |
|
|
|
4,196,241 |
|
|
|
|
|
|
| |
8,000 |
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier Series 2017B, 5.000%, 1/01/43 |
|
|
1/27 at 100.00 |
|
|
|
8,004,671 |
|
|
|
|
|
|
| |
9,100 |
|
|
|
|
North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2015A, 5.000%, 1/01/32 |
|
|
1/25 at 100.00 |
|
|
|
9,128,811 |
|
|
|
|
|
|
| |
1,750 |
|
|
|
|
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Texas Health Resources System, Series
2016A, 5.000%, 2/15/41 |
|
|
8/26 at 100.00 |
|
|
|
1,732,073 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Temple, Texas, General Obligation Bonds, Combination Tax and Revenue Series 2022B, 4.000%, 8/01/47 |
|
|
8/31 at 100.00 |
|
|
|
4,133,296 |
|
|
|
|
|
|
| |
3,990 |
|
|
|
|
Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Senior Lien Series 2008D, 6.250%,
12/15/26 |
|
|
No Opt. Call |
|
|
|
4,067,548 |
|
|
|
|
|
|
| |
5,400 |
|
|
|
|
Texas Private Activity Bond Surface Transporation Corporation, Revenue Bonds, NTE Mobility Partners LLC North Tarrant Express
Managed Lanes Project, Refunding Senior Lien Series 2019A, 5.000%, 12/31/35 |
|
|
12/29 at 100.00 |
|
|
|
5,480,304 |
|
|
|
|
|
|
| |
3,000 |
|
|
|
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding First Tier Series 2015B, 5.000%,
8/15/37 |
|
|
8/24 at 100.00 |
|
|
|
2,979,319 |
|
|
|
|
|
|
| |
1,750 |
|
|
|
|
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding Second Tier Series 2015C, 5.000%,
8/15/33 |
|
|
8/24 at 100.00 |
|
|
|
1,719,553 |
|
38
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Texas (continued) |
|
|
|
|
|
|
|
|
| $ |
5,500 |
|
|
|
|
Texas Turnpike Authority, Central Texas Turnpike System Revenue Bonds, First Tier Series 2002A, 0.000%, 8/15/25 - AMBAC
Insured |
|
|
No Opt. Call |
|
|
$ |
5,094,062 |
|
|
|
|
|
|
|
|
|
|
|
|
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master Trust Series 2017A: |
|
|
|
|
|
|
|
|
| |
12,500 |
|
|
(e) |
|
4.000%, 10/15/42, (UB) |
|
|
10/27 at 100.00 |
|
|
|
10,993,433 |
|
| |
1,500 |
|
|
|
|
5.000%, 10/15/42 |
|
|
10/27 at 100.00 |
|
|
|
1,512,807 |
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master
Trust Series 2018B, 5.000%, 10/15/38 |
|
|
10/28 at 100.00 |
|
|
|
5,097,591 |
|
|
|
|
|
|
|
Total Texas |
|
|
|
|
|
|
235,298,355 |
|
|
|
|
|
|
|
|
|
|
|
|
Utah - 1.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
5,345 |
|
|
|
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017B, 5.000%, 7/01/42 |
|
|
7/27 at 100.00 |
|
|
|
5,279,207 |
|
|
|
|
|
|
| |
3,500 |
|
|
|
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018B, 5.000%, 7/01/43 |
|
|
7/28 at 100.00 |
|
|
|
3,455,734 |
|
|
|
|
|
|
| |
9,550 |
|
|
|
|
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2023A, 5.250%, 7/01/48, (AMT) |
|
|
7/33 at 100.00 |
|
|
|
9,380,832 |
|
|
|
|
|
|
|
|
|
|
|
|
Salt Lake County, Utah, Sales Tax Revenue Bonds, TRCC Series 2017: |
|
|
|
|
|
|
|
|
| |
695 |
|
|
|
|
5.000%, 2/01/36 |
|
|
2/27 at 100.00 |
|
|
|
713,162 |
|
| |
1,150 |
|
|
|
|
5.000%, 2/01/37 |
|
|
2/27 at 100.00 |
|
|
|
1,175,489 |
|
|
|
|
|
|
|
|
|
|
|
|
Utah Associated Municipal Power Systems, Revenue Bonds, Horse Butte Wind Project, Refunding Series 2017A: |
|
|
|
|
|
|
|
|
| |
1,250 |
|
|
|
|
5.000%, 9/01/29 |
|
|
3/28 at 100.00 |
|
|
|
1,299,468 |
|
| |
1,000 |
|
|
|
|
5.000%, 9/01/30 |
|
|
3/28 at 100.00 |
|
|
|
1,037,557 |
|
| |
1,250 |
|
|
|
|
5.000%, 9/01/31 |
|
|
3/28 at 100.00 |
|
|
|
1,293,572 |
|
| |
660 |
|
|
|
|
5.000%, 9/01/32 |
|
|
3/28 at 100.00 |
|
|
|
681,826 |
|
|
|
|
|
|
| |
540 |
|
|
|
|
Utah Water Finance Agency, Revenue Bonds, Pooled Loan Financing Program, Series 2017A,
5.000%, 3/01/37 |
|
|
3/27 at 100.00 |
|
|
|
549,419 |
|
|
|
|
|
|
|
Total Utah |
|
|
|
|
|
|
24,866,266 |
|
|
|
|
|
|
|
|
|
|
|
|
Virginia - 0.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,805 |
|
|
|
|
Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Series 2016, 5.000%,
7/01/51 |
|
|
7/26 at 100.00 |
|
|
|
1,677,834 |
|
|
|
|
|
|
| |
4,355 |
|
|
|
|
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds, Series 2007B1, 5.000%,
6/01/47 |
|
|
11/23 at 100.00 |
|
|
|
3,735,581 |
|
|
|
|
|
|
| |
4,100 |
|
|
|
|
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66
P3 Project, Senior Lien Series 2017, 5.000%, 12/31/49, (AMT) |
|
|
6/27 at 100.00 |
|
|
|
3,838,603 |
|
|
|
|
|
|
|
Total Virginia |
|
|
|
|
|
|
9,252,018 |
|
|
|
|
|
|
|
|
|
|
|
|
Washington - 4.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
8,825 |
|
|
|
|
Central Puget Sound Regional Transit Authority, Washington, Sales Tax and Motor Vehicle Excise Tax Bonds, Refunding &
Improvement, Green Series 2021S-1, 4.000%, 11/01/46 |
|
|
11/31 at 100.00 |
|
|
|
7,473,395 |
|
|
|
|
|
|
| |
2,235 |
|
|
|
|
Pierce County School District 10, Tacoma, Washington, General Obligation Bonds, Series 2020B, 4.000%, 12/01/43 |
|
|
12/30 at 100.00 |
|
|
|
1,942,115 |
|
|
|
|
|
|
|
|
|
|
|
|
Port of Seattle, Washington, Revenue Bonds, Refunding Intermediate Lien Series 2016: |
|
|
|
|
|
|
|
|
| |
1,930 |
|
|
|
|
5.000%, 2/01/29 |
|
|
2/26 at 100.00 |
|
|
|
1,966,634 |
|
| |
1,000 |
|
|
|
|
5.000%, 2/01/30 |
|
|
2/26 at 100.00 |
|
|
|
1,016,616 |
|
|
|
|
|
|
|
|
|
|
|
|
Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue Bonds, Series 2017: |
|
|
|
|
|
|
|
|
| |
1,175 |
|
|
|
|
5.000%, 12/01/38 |
|
|
6/27 at 100.00 |
|
|
|
1,150,121 |
|
39
|
|
|
| NUV |
|
Nuveen Municipal Value Fund, Inc. (continued) Portfolio of Investments October 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Washington (continued) |
|
|
|
|
|
|
|
|
| $ |
5,000 |
|
|
|
|
5.000%, 12/01/41 |
|
|
6/27 at 100.00 |
|
|
$ |
4,962,944 |
|
|
|
|
|
|
| |
1,390 |
|
|
|
|
Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series
2019A-1, 4.000%, 8/01/44 |
|
|
8/29 at 100.00 |
|
|
|
1,120,404 |
|
|
|
|
|
|
| |
12,000 |
|
|
|
|
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services, Refunding Series 2012A,
5.000%, 10/01/33 |
|
|
12/23 at 100.00 |
|
|
|
12,000,745 |
|
|
|
|
|
|
| |
1,310 |
|
|
|
|
Washington Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical Center, Series 2017, 5.000%, 8/15/30 |
|
|
8/27 at 100.00 |
|
|
|
1,321,172 |
|
|
|
|
|
|
| |
6,030 |
|
|
|
|
Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Refunding Series2021B. Exchange
Purchase, 4.000%, 7/01/37 |
|
|
7/31 at 100.00 |
|
|
|
5,369,469 |
|
|
|
|
|
|
|
|
|
|
|
|
Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Refunding Subordinate Series
2021B. Exchange Purchase: |
|
|
|
|
|
|
|
|
| |
4,615 |
|
|
|
|
4.000%, 7/01/43 |
|
|
7/31 at 100.00 |
|
|
|
3,822,156 |
|
| |
7,830 |
|
|
|
|
3.000%, 7/01/48 |
|
|
7/31 at 100.00 |
|
|
|
4,920,305 |
|
|
|
|
|
|
|
|
|
|
|
|
Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018: |
|
|
|
|
|
|
|
|
| |
3,240 |
|
|
|
|
4.000%, 7/01/58 |
|
|
7/28 at 100.00 |
|
|
|
2,442,044 |
|
| |
3,000 |
|
|
|
|
5.000%, 7/01/58 |
|
|
7/28 at 100.00 |
|
|
|
2,776,721 |
|
|
|
|
|
|
|
|
|
|
|
|
Washington State, Motor Vehicle Fuel Tax General Obligation Bonds, Series
2002-03C: |
|
|
|
|
|
|
|
|
| |
9,100 |
|
|
|
|
0.000%, 6/01/29 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
7,321,760 |
|
| |
16,195 |
|
|
|
|
0.000%, 6/01/30 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
12,480,881 |
|
|
|
|
|
|
|
Total Washington |
|
|
|
|
|
|
72,087,482 |
|
|
|
|
|
|
|
|
|
|
|
|
West Virginia - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,830 |
|
|
|
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Cabell Huntington Hospital, Inc. Project, Refunding &
Improvement Series 2018A, 5.000%, 1/01/34 |
|
|
1/29 at 100.00 |
|
|
|
1,817,186 |
|
|
|
|
|
|
| |
2,750 |
|
|
|
|
West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area Medical Center, Refunding &
Improvement Series 2019A, 5.000%, 9/01/38 |
|
|
9/29 at 100.00 |
|
|
|
2,590,859 |
|
|
|
|
|
|
| |
3,570 |
|
|
|
|
West Virginia Parkways Authority, Turnpike Toll Revenue Bonds, Senior Lien Series 2018, 5.000%, 6/01/43 |
|
|
6/28 at 100.00 |
|
|
|
3,596,869 |
|
|
|
|
|
|
| |
4,135 |
|
|
|
|
West Virginia Parkways Authority, Turnpike Toll Revenue Bonds, Senior Lien Series 2021,
5.000%, 6/01/47 |
|
|
6/31 at 100.00 |
|
|
|
4,182,683 |
|
|
|
|
|
|
|
Total West Virginia |
|
|
|
|
|
|
12,187,597 |
|
|
|
|
|
|
|
|
|
|
|
|
Wisconsin - 0.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
5,000 |
|
|
|
|
Public Finance Authority Wisconsin, Tax Exempt Pooled Securities, Class A Social Impact Certificates, Series 2023-1, 4.000%, 8/01/59, (Mandatory Put 7/01/26) |
|
|
No Opt. Call |
|
|
|
4,850,862 |
|
|
|
|
|
|
| |
4,410 |
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc., Series 2012, 5.000%, 6/01/39 |
|
|
12/23 at 100.00 |
|
|
|
4,198,879 |
|
|
|
|
|
|
|
|
|
|
|
|
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Ascension Health Alliance Senior Credit Group,
Series 2016A: |
|
|
|
|
|
|
|
|
| |
2,870 |
|
|
|
|
4.000%, 11/15/46 |
|
|
5/26 at 100.00 |
|
|
|
2,406,393 |
|
40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Wisconsin (continued) |
|
|
|
|
|
|
|
|
| $ |
935 |
|
|
(c) |
|
4.000%, 11/15/46, (Pre-refunded 5/15/26) |
|
|
5/26 at 100.00 |
|
|
$ |
933,573 |
|
|
|
|
|
|
|
Total Wisconsin |
|
|
|
|
|
|
12,389,707 |
|
|
|
|
|
|
|
Total Municipal Bonds
(cost $1,882,403,978) |
|
|
|
|
|
|
1,795,221,291 |
|
|
|
|
|
|
|
Total Long-Term Investments
(cost $1,882,403,978) |
|
|
|
|
|
|
1,795,221,291 |
|
|
|
|
|
|
|
Floating Rate Obligations - (1.2)% |
|
|
|
|
|
|
(21,480,000 |
) |
|
|
|
|
|
|
Other Assets & Liabilities, Net - 1.7% |
|
|
|
|
|
|
30,712,131 |
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares - 100% |
|
|
|
|
|
$ |
1,804,453,422 |
|
| (a) |
All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise
noted. |
| (b) |
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be
other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. Optional Call Provisions are not covered by the report of independent registered public accounting firm.
|
| (c) |
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the
timely payment of principal and interest. |
| (d) |
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. |
| (e) |
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in
inverse floating rate transactions. |
| 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 |
| UB |
Underlying bond of an inverse floating rate trust reflected as a financing transaction. |
See Notes to Financial Statements
41
|
|
|
| NUW |
|
Nuveen AMT-Free Municipal Value Fund
Portfolio of Investments October 31,
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
LONG-TERM INVESTMENTS - 99.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MUNICIPAL BONDS - 98.5% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alaska - 0.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
800 |
|
|
|
|
Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed
Bonds, Senior Series 2021A Class 1, 5.000%, 6/01/31 |
|
|
No Opt. Call |
|
|
$ |
837,169 |
|
|
|
|
|
|
|
Total Alaska |
|
|
|
|
|
|
837,169 |
|
|
|
|
|
|
|
|
|
|
|
|
Arizona - 1.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
345 |
|
|
|
|
Phoenix Civic Improvement Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate Lien Series 2020A, 4.000%, 7/01/45 |
|
|
7/30 at 100.00 |
|
|
|
296,029 |
|
|
|
|
|
|
| |
3,045 |
|
|
|
|
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
Prepay Contract Obligations, Series 2007, 5.000%, 12/01/37 |
|
|
No Opt. Call |
|
|
|
2,955,888 |
|
|
|
|
|
|
|
Total Arizona |
|
|
|
|
|
|
3,251,917 |
|
|
|
|
|
|
|
|
|
|
|
|
California - 11.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,730 |
|
|
|
|
Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C, 0.000%, 9/01/30 -
AGM Insured |
|
|
No Opt. Call |
|
|
|
1,277,102 |
|
|
|
|
|
|
| |
45 |
|
|
|
|
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization
Corporation, Series 2020A, 4.000%, 6/01/49 |
|
|
6/30 at 100.00 |
|
|
|
36,639 |
|
|
|
|
|
|
| |
340 |
|
|
|
|
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authoriity Desalination
Project Pipeline, Refunding Series 2019, 5.000%, 7/01/39, 144A |
|
|
1/29 at 100.00 |
|
|
|
335,617 |
|
|
|
|
|
|
|
|
|
|
|
|
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Private Activity/Non AMT
Refunding Subordinate Series 2019C: |
|
|
|
|
|
|
|
|
| |
1,280 |
|
|
(c) |
|
5.000%, 5/15/30, (Pre-refunded 5/15/29) |
|
|
5/29 at 100.00 |
|
|
|
1,378,384 |
|
| |
760 |
|
|
|
|
5.000%, 5/15/30 |
|
|
5/29 at 100.00 |
|
|
|
816,203 |
|
|
|
|
|
|
| |
450 |
|
|
|
|
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A, 6.500%, 11/01/39 |
|
|
No Opt. Call |
|
|
|
506,850 |
|
|
|
|
|
|
| |
10,200 |
|
|
|
|
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A, 7.000%, 8/01/38 - AGC Insured |
|
|
8/29 at 100.00 |
|
|
|
11,277,824 |
|
|
|
|
|
|
| |
1,030 |
|
|
|
|
Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District
2007-1, Series 2011A, 0.000%, 8/01/35 |
|
|
No Opt. Call |
|
|
|
610,569 |
|
|
|
|
|
|
| |
2,470 |
|
|
|
|
San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Governmental Purpose Second
Series 2017B, 5.000%, 5/01/47 |
|
|
5/27 at 100.00 |
|
|
|
2,470,286 |
|
|
|
|
|
|
| |
12,955 |
|
|
|
|
San Ysidro School District, San Diego County, California, General Obligation Bonds, 1997 Election Series 2012G, 0.000%, 8/01/35 -
AGM Insured |
|
|
No Opt. Call |
|
|
|
7,530,609 |
|
|
|
|
|
|
| |
5,185 |
|
|
|
|
San Ysidro School District, San Diego County, California, General Obligation Bonds, Refunding Series 2015, 0.000%,
8/01/44 |
|
|
8/25 at 36.88 |
|
|
|
1,712,417 |
|
|
|
|
|
|
| |
115 |
|
|
|
|
Vernon, California, Electric System Revenue Bonds, Series 2021A, 5.000%, 4/01/28 |
|
|
No Opt. Call |
|
|
|
115,272 |
|
|
|
|
|
|
| |
700 |
|
|
|
|
Victor Elementary School District, San Bernardino County, California, General Obligation
Bonds, Series 2002A, 0.000%, 8/01/24 - FGIC Insured |
|
|
No Opt. Call |
|
|
|
677,941 |
|
|
|
|
|
|
|
Total California |
|
|
|
|
|
|
28,745,713 |
|
42
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal
Amount (000) |
|
|
|
|
Description (a) |
|
|
Optional Call
Provisions (b) |
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Colorado - 4.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series
2016: |
|
|
|
|
|
|
|
|
| $ |
1,000 |
|
|
|
|
5.000%, 12/01/30 |
|
|
12/26 at 100.00 |
|
|
$ |
995,788 |
|
| |
1,500 |
|
|
|
|
5.000%, 12/01/36 |
|
|
12/26 at 100.00 |
|
|
|
1,423,611 |
|
|
|
|
|
|
|
|
|
|
|
|
Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2019A: |
|
|
|
|
|
|
|
|
| |
1,750 |
|
|
|
|
4.000%, 12/01/38 |
|
|
12/29 at 100.00 |
|
|
|
1,448,830 |
|
| |
2,000 |
|
|
|
|
4.000%, 12/01/39 |
|
|
12/29 at 100.00 |
|
|
|
1,630,836 |
|
|
|
|
|
|
| |
5,885 |
|
|
|
|
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A, 0.000%, 9/01/34 - NPFG Insured |
|
|
No Opt. Call |
|
|
|
3,592,948 |
|
|
|
|
|
|
| |
1,000 |
|
|
|
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado
Springs Utilities, Series 2008, 6.500%, 11/15/38 |
|
|
No Opt. Call |
|
|
|
1,105,931 |
|
|
|
|
|
|
|
Total Colorado |
|
|
|
|
|
|
10,197,944 |
|
|
|
|
|
|
|
|
|
|
|
|
Delaware - 0.2% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2014A: |
|
|
|
|
|
|
|
|
| |
150 |
|
|
|
|
4.125%, 1/01/39 |
|
|
1/24 at 100.00 |
|
|
|
134,677 |
|
| |
200 |
|
|
|
|
5.000%, 1/01/44 |
|
|
1/24 at 100.00 |
|
|
|
200,106 |
|
|
|
|
|
|
| |
130 |
|
|
|
|
Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2019,
4.000%, 1/01/44 |
|
|
1/29 at 100.00 |
|
|
|
109,049 |
|
|
|
|
|
|
|
Total Delaware |
|
|
|
|
|
|
443,832 |
|
|
|
|
|
|
|
|
|
|
|
|
District of Columbia - 0.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
1,735 |
|
|
|
|
Metropolitan Washington Airports Authority, District of Columbia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
improvement Projects, Refunding & Subordinate Lien Series 2019B, 5.000%, 10/01/47 |
|
|
10/29 at 100.00 |
|
|
|
1,634,286 |
|
|
|
|
|
|
| |
725 |
|
|
|
|
Washington Metropolitan Area Transit Authority, District of Columbia, Dedicated Revenue
Bonds, Series 2020A, 5.000%, 7/15/45 |
|
|
7/30 at 100.00 |
|
|
|
734,493 |
|
|
|
|
|
|
|
Total District of Columbia |
|
|
|
|
|
|
2,368,779 |
|
|
|
|
|