1
Nuveen
AMT-Free
Municipal
Value
Fund
Portfolio
of
Investments
July
31,
2024
(Unaudited)
NUW
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
LONG-TERM
INVESTMENTS
-
100.2% 
X
–
MUNICIPAL
BONDS
-
99.8%
X
274,042,194
ALABAMA
-
1.2%
$
1,990
Black
Belt
Energy
Gas
District,
Alabama,
Gas
Project
Revenue
Bonds,
Series
2024C,
1.000%,
5/01/55,
(Mandatory
Put
7/01/31),
(WI/DD)
4/31
at
100.27
$
2,123,971
1,000
Southeast
Alabama
Gas
Supply
District,
Alabama,
Gas
Supply
Revenue
Bonds,
Project
2,
Refunding
Series
2024B,
5.000%,
6/01/49,
(Mandatory
Put
5/01/32)
2/32
at
100.17
1,065,466
TOTAL
ALABAMA
3,189,437
ARIZONA
-
1.2%
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
3,363,339
TOTAL
ARIZONA
3,363,339
CALIFORNIA
-
11.7%
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
1,414,937
1,250
Burbank-Glendale-Pasadena
Airport
Authority,
California,
Airport
Revenue
Bonds,
Senior
Series
2024A,
4.000%,
7/01/54
-
AGM
Insured
7/34
at
100.00
1,235,701
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
42,166
1,170
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Adventist
Health
System/West,
Series
2024A,
5.250%,
12/01/43
6/34
at
100.00
1,289,882
340
(c)
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
1/29
at
100.00
356,858
450
M-S-R
Energy
Authority,
California,
Gas
Revenue
Bonds,
Citigroup
Prepay
Contracts,
Series
2009A,
6.500%,
11/01/39
No
Opt.
Call
575,752
10,200
Palomar
Pomerado
Health,
California,
General
Obligation
Bonds,
Series
2009A,
7.000%,
8/01/38
-
AGC
Insured
8/29
at
100.00
11,671,836
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
704,623
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
2,553,988
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
8,663,573
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
1,831,270
1,000
Southern
California
Public
Power
Authority,
California,
Revenue
Bonds,
Clean
Energy
Project
Revenue
Bonds,
Series
2024A,
5.000%,
4/01/55,
(Mandatory
Put
9/01/30)
6/30
at
100.24
1,069,228
700
Victor
Elementary
School
District,
San
Bernardino
County,
California,
General
Obligation
Bonds,
Series
2002A,
0.000%,
8/01/24
-
FGIC
Insured
No
Opt.
Call
700,000
TOTAL
CALIFORNIA
32,109,814
Nuveen
AMT-Free
Municipal
Value
Fund
(continued)
Portfolio
of
Investments
July
31,
2024
(Unaudited)
2
NUW
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
COLORADO
-
3.7%
$
1,500
Denver
Convention
Center
Hotel
Authority,
Colorado,
Revenue
Bonds,
Convention
Center
Hotel,
Refunding
Senior
Lien
Series
2016,
5.000%,
12/01/36
12/26
at
100.00
$
1,526,781
Denver
Health
and
Hospitals
Authority,
Colorado,
Healthcare
Revenue
Bonds,
Series
2019A
:
1,750
4.000%,
12/01/38
12/29
at
100.00
1,637,893
2,000
4.000%,
12/01/39
12/29
at
100.00
1,854,587
5,885
E-470
Public
Highway
Authority,
Colorado,
Toll
Revenue
Bonds,
Series
2004A,
0.000%,
9/01/34
-
NPFG
Insured
No
Opt.
Call
4,016,185
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
1,237,499
TOTAL
COLORADO
10,272,945
DISTRICT
OF
COLUMBIA
-
0.3%
725
Washington
Metropolitan
Area
Transit
Authority,
District
of
Columbia,
Dedicated
Revenue
Bonds,
Series
2020A,
5.000%,
7/15/45
7/30
at
100.00
770,536
TOTAL
DISTRICT
OF
COLUMBIA
770,536
FLORIDA
-
4.9%
1,655
Fort
Myers,
Florida,
Utility
System
Revenue
Bonds,
Refunding
Series
2019A,
4.000%,
10/01/49
10/28
at
100.00
1,603,440
500
Gainesville,
Florida,
Utilities
System
Revenue
Bonds,
Series
2017A,
5.000%,
10/01/36
10/27
at
100.00
521,971
1,000
Highlands
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Adventist
Health
Obligated
Group,
Series
2024C,
5.000%,
11/15/59,
(Mandatory
Put
11/15/31)
No
Opt.
Call
1,107,893
1,000
JEA,
Florida,
Water
and
Sewer
System
Revenue
Bonds,
Series
2020A,
5.000%,
10/01/34
4/30
at
100.00
1,102,987
1,605
Lakeland,
Florida,
Hospital
System
Revenue
Bonds,
Lakeland
Regional
Health,
Series
2015,
5.000%,
11/15/45
11/24
at
100.00
1,608,318
535
Miami
Beach
Redevelopment
Agency,
Florida,
Tax
Increment
Revenue
Bonds,
City
Center/Historic
Convention
Village,
Series
2015A,
5.000%,
2/01/44
-
AGM
Insured
9/24
at
100.00
535,354
3,350
Miami-Dade
County,
Florida,
Water
and
Sewer
System
Revenue
Bonds,
Refunding
Series
2017B,
5.000%,
10/01/32
10/25
at
100.00
3,416,068
1,965
Miami-Dade
County,
Florida,
Water
and
Sewer
System
Revenue
Bonds,
Series
2024A,
5.250%,
10/01/54
4/34
at
100.00
2,180,796
510
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
526,532
805
Tolomato
Community
Development
District,
Florida,
Special
Assessment
Bonds,
Refunding
Series
2015-2,
6.610%,
5/01/40
9/24
at
100.00
793,065
880
(d)
Tolomato
Community
Development
District,
Florida,
Special
Assessment
Bonds,
Refunding
Series
2015-3,
6.610%,
5/01/40
9/24
at
100.00
9
TOTAL
FLORIDA
13,396,433
GEORGIA
-
2.5%
2,000
Gainesville
and
Hall
County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Northeast
Georgia
Health
Services
Inc.,
Series
2017B,
5.250%,
2/15/45
2/27
at
100.00
2,067,747
1,470
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
1,518,437
3
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
GEORGIA
(continued)
Municipal
Electric
Authority
of
Georgia,
Project
One
Revenue
Bonds,
Subordinate
Lien
Series
2015A
:
$
1,790
0.000%,
1/01/32
No
Opt.
Call
$
1,322,819
2,000
5.000%,
1/01/35
1/25
at
100.00
2,007,608
TOTAL
GEORGIA
6,916,611
ILLINOIS
-
9.1%
2,000
Chicago
Board
of
Education,
Illinois,
Dedicated
Capital
Improvement
Tax
Revenue
Bonds,
Series
2016,
6.000%,
4/01/46
4/27
at
100.00
2,091,328
7,500
Illinois
Finance
Authority,
Revenue
Bonds,
University
of
Chicago,
Series
2023A,
5.250%,
5/15/54
5/33
at
100.00
8,225,617
Illinois
Finance
Authority,
State
of
Illinois
Clean
Water
Initiative
Revolving
Fund
Revenue
Bonds,
Series
2017
:
3,125
5.000%,
7/01/37
1/27
at
100.00
3,232,954
375
(e)
5.000%,
7/01/37,
(Pre-refunded
1/01/27)
1/27
at
100.00
391,821
1,000
Illinois
State,
General
Obligation
Bonds,
May
Series
2024B,
5.250%,
5/01/47
5/34
at
100.00
1,091,530
1,500
Illinois
State,
General
Obligation
Bonds,
November
Series
2017D,
5.000%,
11/01/27
No
Opt.
Call
1,581,454
525
Illinois
State,
General
Obligation
Bonds,
October
Series
2016,
5.000%,
2/01/27
No
Opt.
Call
547,345
495
Metropolitan
Pier
and
Exposition
Authority,
Illinois,
McCormick
Place
Expansion
Project
Bonds,
Refunding
Series
2020A,
4.000%,
6/15/50
12/29
at
100.00
461,935
500
Metropolitan
Pier
and
Exposition
Authority,
Illinois,
McCormick
Place
Expansion
Project
Bonds,
Refunding
Series
2024B,
5.000%,
6/15/53,
(WI/
DD)
6/34
at
100.00
531,826
11,420
Metropolitan
Pier
and
Exposition
Authority,
Illinois,
Revenue
Bonds,
McCormick
Place
Expansion
Project,
Series
2002A,
0.000%,
12/15/37
-
NPFG
Insured
No
Opt.
Call
6,667,871
TOTAL
ILLINOIS
24,823,681
INDIANA
-
0.5%
1,500
Indianapolis
Local
Public
Improvement
Bond
Bank,
Indiana,
Series
1999E,
0.000%,
2/01/25
-
AMBAC
Insured
No
Opt.
Call
1,473,477
TOTAL
INDIANA
1,473,477
KENTUCKY
-
3.3%
1,000
Kentucky
Bond
Development
Corporation,
Transient
Room
Tax
Revenue
Bonds,
Lexington
Center
Corporation
Project,
Series
2018A,
5.000%,
9/01/43
9/28
at
100.00
1,034,084
1,185
Kentucky
Economic
Development
Finance
Authority,
Louisville
Arena
Project
Revenue
Bonds,
Louisville
Arena
Authority,
Inc.,
Series
2017A,
5.000%,
12/01/47
-
AGM
Insured
9/24
at
100.00
1,185,543
1,000
Kentucky
Economic
Development
Finance
Authority,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-1,
5.000%,
8/01/32
8/29
at
100.00
1,074,404
3,750
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
3,755,890
1,080
Kentucky
Public
Transportation
Infrastructure
Authority,
Toll
Revenue
Bonds,
Downtown
Crossing
Project,
Refunding
First
Tier
Series
2021B,
4.000%,
7/01/53
-
AGM
Insured
7/31
at
100.00
991,950
1,050
Public
Energy
Authority
of
Kentucky,
Gas
Supply
Revenue
Bonds,
Refunding
Series
2024B,
5.000%,
1/01/55,
(Mandatory
Put
8/01/32)
5/32
at
100.21
1,130,664
TOTAL
KENTUCKY
9,172,535
Nuveen
AMT-Free
Municipal
Value
Fund
(continued)
Portfolio
of
Investments
July
31,
2024
(Unaudited)
4
NUW
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
MAINE
-
0.9%
$
2,425
University
of
Maine,
System
Revenue
Bonds,
Series
2022,
5.000%,
3/01/47
3/32
at
100.00
$
2,560,462
TOTAL
MAINE
2,560,462
MARYLAND
-
3.1%
3,420
Baltimore,
Maryland,
Convention
Center
Hotel
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
9/01/33
9/27
at
100.00
3,393,048
5,000
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
MedStar
Health
Issue,
Series
2017A,
5.000%,
5/15/45
5/27
at
100.00
5,138,009
TOTAL
MARYLAND
8,531,057
MICHIGAN
-
1.4%
1,000
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
1,038,288
2,500
Michigan
Finance
Authority,
Distributable
State
Aid
Revenue
Bonds,
Charter
County
of
Wayne,
Second
Lien
Refunding
Series
2020,
4.000%,
11/01/55
-
BAM
Insured
11/30
at
100.00
2,328,331
550
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
564,366
TOTAL
MICHIGAN
3,930,985
MINNESOTA
-
0.8%
1,145
Rochester,
Minnesota,
Electric
Utility
Revenue
Bonds,
Refunding
Series
2017A,
5.000%,
12/01/47
12/26
at
100.00
1,165,680
1,000
University
of
Minnesota,
General
Obligation
Bonds,
Series
2017A,
5.000%,
9/01/36
9/27
at
100.00
1,042,018
TOTAL
MINNESOTA
2,207,698
NEVADA
-
3.5%
3,000
Clark
County,
Nevada,
General
Obligation
Bonds,
Transportation
Improvement,
Limited
Tax,
Additionally
Secured
by
Pledged
Revenue
Series
2018B,
5.000%,
12/01/33
12/28
at
100.00
3,223,067
4,000
Las
Vegas
Convention
and
Visitors
Authority,
Nevada,
Revenue
Bonds,
Series
2018C,
5.250%,
7/01/43
7/28
at
100.00
4,205,452
2,000
Las
Vegas
Valley
Water
District,
Nevada,
General
Obligation
Bonds,
Refunding
Series
2015,
5.000%,
6/01/39
12/24
at
100.00
2,006,764
40
(c)
Sparks,
Nevada,
Sales
Tax
Revenue
Bonds,
Tourism
Improvement
District
1
Legends
at
Sparks
Marina,
Refunding
Senior
Series
2019A,
2.750%,
6/15/28
No
Opt.
Call
38,416
TOTAL
NEVADA
9,473,699
NEW
JERSEY
-
5.7%
80
Cumberland
County
Improvement
Authority,
New
Jersey,
Guaranteed
Lease
Revenue
Bonds,
County
Correctional
Facility
Project,
Series
2018,
4.000%,
10/01/43
-
BAM
Insured
10/28
at
100.00
79,803
Delaware
River
Port
Authority,
New
Jersey
and
Pennsylvania,
Revenue
Bonds,
Series
2018A
:
175
5.000%,
1/01/37
1/29
at
100.00
188,469
125
5.000%,
1/01/38
1/29
at
100.00
134,738
245
Garden
State
Preservation
Trust,
New
Jersey,
Open
Space
and
Farmland
Preservation
Bonds,
Series
2005A,
5.750%,
11/01/28
-
AGM
Insured
No
Opt.
Call
258,594
Harrison,
New
Jersey,
General
Obligation
Bonds,
Parking
Utility
Series
2018
:
35
3.125%,
3/01/31
-
BAM
Insured
3/28
at
100.00
33,913
5
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
NEW
JERSEY
(continued)
$
30
3.250%,
3/01/32
-
BAM
Insured
3/28
at
100.00
$
29,240
50
3.500%,
3/01/36
-
BAM
Insured
3/28
at
100.00
48,677
150
Hudson
County
Improvement
Authority,
New
Jersey,
County
Secured
Lease
Revenue
Bonds,
Hudson
County
Vocational
Technical
Schools
Project,
Series
2016,
5.250%,
5/01/51
5/26
at
100.00
153,426
100
(d)
Middlesex
County
Improvement
Authority,
New
Jersey,
Senior
Revenue
Bonds,
Heldrich
Center
Hotel/Conference
Center
Project,
Series
2005A,
5.000%,
1/01/32
9/24
at
100.00
71,000
20
Montclair
Township,
Essex
County,
New
Jersey,
General
Obligation
Bonds,
Refunding
Parking
Utility
Series
2014A,
5.000%,
1/01/37
9/24
at
100.00
20,027
300
New
Brunswick
Parking
Authority,
Middlesex
County,
New
Jersey,
Guaranteed
Parking
Revenue
Bonds,
Refunding
Series
2016A,
5.000%,
9/01/32
-
BAM
Insured
9/26
at
100.00
309,911
25
New
Jersey
Economic
Development
Authority,
Charter
School
Revenue
Bonds,
Foundation
Academy
Charter
School,
Series
2018A,
5.000%,
7/01/38
1/28
at
100.00
25,433
New
Jersey
Economic
Development
Authority,
Charter
School
Revenue
Bonds,
North
Star
Academy
Charter
School
of
Newark,
Series
2017
:
220
4.000%,
7/15/37
7/27
at
100.00
212,759
25
5.000%,
7/15/47
7/27
at
100.00
25,125
100
(c)
New
Jersey
Economic
Development
Authority,
Charter
School
Revenue
Bonds,
Teaneck
Community
Charter
School,
Series
2017A,
5.125%,
9/01/52
9/27
at
100.00
100,632
35
New
Jersey
Economic
Development
Authority,
Fixed
Rate
Revenue
Bonds,
Lions
Gate
Project,
Series
2014,
5.250%,
1/01/44
9/24
at
100.00
34,166
100
New
Jersey
Economic
Development
Authority,
Lease
Revenue
Bonds,
State
House
Project,
Series
2017B,
4.500%,
6/15/40
12/28
at
100.00
102,379
125
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
Motor
Vehicle
Surcharge,
Refunding
Subordinate
Series
2017A,
3.375%,
7/01/30
7/27
at
100.00
122,009
55
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
Provident
Group
-
Kean
Properties
LLC
-
Kean
University
Student
Housing
Project,
Series
2017A,
5.000%,
7/01/47
1/27
at
100.00
54,849
100
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
Provident
Group
-
Rowan
Properties
LLC
-
Rowan
University
Student
Housing
Project,
Series
2015A,
5.000%,
1/01/48
1/25
at
100.00
95,739
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
The
Seeing
Eye
Inc.,
Refunding
Series
2017
:
20
3.000%,
6/01/32
12/27
at
100.00
18,993
15
5.000%,
6/01/32
12/27
at
100.00
15,647
155
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
West
Campus
Housing
LLC
-
New
Jersey
City
University
Student
Housing
Project,
Series
2015,
5.000%,
7/01/47
7/25
at
100.00
139,199
100
(c),(d)
New
Jersey
Economic
Development
Authority,
Revenue
Bonds,
White
Horse
HMT
Urban
Renewal
LLC
Project,
Series
2020,
5.000%,
1/01/40
1/28
at
102.00
68,906
935
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Series
2005N-1,
5.500%,
9/01/27
-
NPFG
Insured
No
Opt.
Call
1,004,704
145
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
College
of
New
Jersey,
Refunding
Series
2016F,
3.000%,
7/01/40
7/26
at
100.00
122,609
100
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Kean
University,
Refunding
Series
2015H,
4.000%,
7/01/39
-
AGM
Insured
7/25
at
100.00
99,167
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Rider
University,
Series  2017F
:
5
3.750%,
7/01/37
7/27
at
100.00
3,888
Nuveen
AMT-Free
Municipal
Value
Fund
(continued)
Portfolio
of
Investments
July
31,
2024
(Unaudited)
6
NUW
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
NEW
JERSEY
(continued)
$
100
4.000%,
7/01/42
7/27
at
100.00
$
73,248
100
5.000%,
7/01/47
7/27
at
100.00
78,085
75
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Seton
Hall
University,
Series
2013D,
5.000%,
7/01/38
9/24
at
100.00
75,050
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Seton
Hall
University,
Series
2016C
:
435
3.000%,
7/01/41
7/26
at
100.00
361,371
50
3.000%,
7/01/46
7/26
at
100.00
38,554
25
4.000%,
7/01/46
7/26
at
100.00
23,002
New
Jersey
Educational
Facilities
Authority,
Revenue
Bonds,
Stevens
Institute
of
Technology,
Series
2017A
:
200
4.000%,
7/01/47
7/27
at
100.00
188,071
30
5.000%,
7/01/47
7/27
at
100.00
30,473
80
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
AHS
Hospital
Corporation,
Refunding
Series
2016,
4.000%,
7/01/41
1/27
at
100.00
79,418
150
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Hackensack
Meridian
Health
Obligated
Group,
Refunding
Series
2017A,
5.000%,
7/01/57
7/27
at
100.00
152,489
110
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Hunterdon
Medical
Center,
Refunding
Series
2014A,
4.000%,
7/01/45
9/24
at
100.00
104,426
360
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Inspira
Health
Obligated
Group
Issue,
Series
2017A,
5.000%,
7/01/42
7/27
at
100.00
369,070
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Princeton
HealthCare
System,
Series
2016A
:
25
5.000%,
7/01/32
7/26
at
100.00
25,751
40
5.000%,
7/01/33
7/26
at
100.00
41,181
30
5.000%,
7/01/34
7/26
at
100.00
30,865
125
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
RWJ
Barnabas
Health
Obligated
Group,
Refunding
Series
2016A,
5.000%,
7/01/43
7/26
at
100.00
127,569
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Saint
Joseph's
Healthcare
System
Obligated
Group
Issue,
Refunding
Series
2016
:
10
3.000%,
7/01/32
7/26
at
100.00
9,073
405
4.000%,
7/01/48
7/26
at
100.00
368,749
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
University
Hospital
Issue,
Refunding
Series
2015A
:
130
4.125%,
7/01/38
-
AGM
Insured
7/25
at
100.00
130,098
110
5.000%,
7/01/46
-
AGM
Insured
7/25
at
100.00
110,560
50
(c),(d)
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
Village
Drive
Healthcare
Urban
Renewal
LLC,
Series
2018,
5.750%,
10/01/38
10/26
at
102.00
36,644
120
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2015A,
4.000%,
11/01/45
11/24
at
100.00
112,173
270
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2016B,
3.600%,
11/01/40
11/25
at
100.00
251,116
435
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2018A,
3.875%,
11/01/38
11/27
at
100.00
427,584
100
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Multifamily
Revenue
Bonds,
Series
2019A,
2.900%,
11/01/39
11/28
at
100.00
84,971
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2018A
:
125
3.600%,
4/01/33
10/27
at
100.00
123,294
75
3.750%,
10/01/35
10/27
at
100.00
73,249
7
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
NEW
JERSEY
(continued)
$
665
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2019C,
3.950%,
10/01/44
4/28
at
100.00
$
642,545
200
New
Jersey
Institute
of
Technology,
New
Jersey,
General
Obligation
Bonds,
Series
2015A,
5.000%,
7/01/45
7/25
at
100.00
201,705
5,020
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Capital
Appreciation
Series
2010A,
0.000%,
12/15/31
No
Opt.
Call
3,847,344
2,170
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2009A,
0.000%,
12/15/39
No
Opt.
Call
1,178,900
255
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2015AA,
5.250%,
6/15/41
6/25
at
100.00
257,769
50
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2019A,
4.000%,
12/15/39
12/29
at
100.00
50,213
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2019BB
:
225
3.500%,
6/15/46
12/28
at
100.00
200,498
100
4.000%,
6/15/50
12/28
at
100.00
97,399
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2020AA
:
40
3.000%,
6/15/50
12/30
at
100.00
31,373
30
4.000%,
6/15/50
12/30
at
100.00
29,266
255
New
Jersey
Turnpike
Authority,
Revenue
Bonds,
Refunding
Series
2015E,
5.000%,
1/01/45
1/25
at
100.00
256,665
30
South
Jersey
Transportation
Authority,
New
Jersey,
Transportation
System
Revenue
Bonds,
Series
2020A,
5.000%,
11/01/45
11/30
at
100.00
31,538
Tobacco
Settlement
Financing
Corporation,
New
Jersey,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018A
:
215
4.000%,
6/01/37
6/28
at
100.00
214,990
305
5.250%,
6/01/46
6/28
at
100.00
315,994
420
Tobacco
Settlement
Financing
Corporation,
New
Jersey,
Tobacco
Settlement
Asset-Backed
Bonds,
Series
2018B,
5.000%,
6/01/46
6/28
at
100.00
422,444
535
Union
County
Improvement
Authority,
New
Jersey,
General
Obligation
Lease
Bonds,
Juvenile
Detention
Center
Facility
Project,
Refunding
Series
2015A,
5.500%,
5/01/30
No
Opt.
Call
612,220
170
Union
County
Utilities
Authority,
New
Jersey,
Solid
Waste
System
County
Deficiency
Revenue
Bonds,
Series
2011A,
5.000%,
6/15/41
9/24
at
100.00
170,140
TOTAL
NEW
JERSEY
15,661,139
NEW
YORK
-
5.6%
3,000
Liberty
Development
Corporation,
New
York,
Goldman
Sachs
Headquarters
Revenue
Bonds
Series
2007,
5.500%,
10/01/37
No
Opt.
Call
3,590,489
1,500
Long
Island
Power
Authority,
New
York,
Electric
System
General
Revenue
Bonds,
Series
2017,
5.000%,
9/01/42
9/27
at
100.00
1,554,609
2,050
Long
Island
Power
Authority,
New
York,
Electric
System
General
Revenue
Bonds,
Series
2018,
5.000%,
9/01/39
9/28
at
100.00
2,172,692
1,390
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Green
Climate
Bond
Certified
Series
2020C-1,
5.000%,
11/15/50
5/30
at
100.00
1,453,766
750
Metropolitan
Transportation
Authority,
New
York,
Transportation
Revenue
Bonds,
Refunding
Green
Climate
Certified
Series
2020E,
5.000%,
11/15/30
No
Opt.
Call
826,289
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
Series
2024A-1
:
1,450
4.000%,
5/01/53
5/33
at
100.00
1,410,332
Nuveen
AMT-Free
Municipal
Value
Fund
(continued)
Portfolio
of
Investments
July
31,
2024
(Unaudited)
8
NUW
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
NEW
YORK
(continued)
$
1,510
5.000%,
5/01/53
5/33
at
100.00
$
1,632,499
1,230
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2021
Series
C,
5.000%,
8/01/42
8/30
at
100.00
1,329,914
1,325
Triborough
Bridge
and
Tunnel
Authority,
New
York,
Payroll
Mobility
Tax
Bonds,
MTA
Bridges
and
Tunnels,
Senior
Lien
Green
Climate
Bond
Certified
Series
2024B-2,
5.250%,
5/15/54
5/34
at
100.00
1,465,194
TOTAL
NEW
YORK
15,435,784
NORTH
CAROLINA
-
0.6%
1,000
North
Carolina
Capital
Facilities
Finance
Agency,
Revenue
Bonds,
Duke
University
Project,
Refunding
Series
2016B,
5.000%,
7/01/42
10/26
at
100.00
1,034,604
700
North
Carolina
Turnpike
Authority,
Triangle
Expressway
System
Revenue
Bonds,
Refunding
Senior
Lien
Series
2017,
5.000%,
1/01/32
1/27
at
100.00
724,567
TOTAL
NORTH
CAROLINA
1,759,171
OHIO
-
5.5%
570
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
531,729
8,560
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
7,939,062
3,095
Central
Ohio
Transit
Authority,
Ohio,
General
Obligation
Bonds,
Capital
Facilities
Limited
Tax
Series
2023,
5.000%,
12/01/48
12/33
at
100.00
3,368,613
1,000
Ohio
State,
Hospital
Revenue
Bonds,
Children's
Hospital
Medical
Center
of
Akron,
Series
2024A,
5.250%,
8/14/48
8/34
at
100.00
1,106,673
1,005
Port
of
Greater
Cincinnati
Development
Authority,
Ohio,
Duke
Energy
Convention
Center
Project,
TOT
First
Subordinate
Development
Revenue
Bonds,
Refunding
Series
2024B,
5.000%,
12/01/63
6/34
at
100.00
1,053,764
1,000
Tolles
Career
and
Technical
Center,
Madison,
Franklin,
Delaware,
Fayette,
and
Union
Counties,
Ohio,
Certificates
of
Participation,
School
Facilities
Project
Series
2024,
5.250%,
12/01/53
12/31
at
100.00
1,064,994
TOTAL
OHIO
15,064,835
OKLAHOMA
-
0.2%
500
Oklahoma
Development
Finance
Authority,
Health
System
Revenue
Bonds,
OU
Medicine
Project,
Series
2018B,
5.500%,
8/15/57
8/28
at
100.00
514,432
TOTAL
OKLAHOMA
514,432
PENNSYLVANIA
-
5.9%
50
Allegheny
County
Higher
Education
Building
Authority,
Pennsylvania,
Revenue
Bonds,
Robert
Morris
University,
Series
2017,
5.000%,
10/15/37
10/27
at
100.00
48,723
465
Allegheny
County
Hospital
Development
Authority,
Pennsylvania,
Revenue
Bonds,
Allegheny
Health
Network
Obligated
Group
Issue,
Series
2018A,
4.000%,
4/01/44
4/28
at
100.00
441,362
115
Allegheny
County
Hospital
Development
Authority,
Pennsylvania,
Revenue
Bonds,
University
of
Pittsburgh
Medical
Center,
Series
2019A,
4.000%,
7/15/35
7/29
at
100.00
116,029
230
(c)
Allentown
Neighborhood
Improvement
Zone
Development
Authority,
Pennsylvania,
Tax
Revenue
Bonds,
City
Center
Refunding
Project,
Series
2017,
5.000%,
5/01/42
5/27
at
100.00
230,600
380
Berks
County
Industrial
Development
Authority,
Pennsylvania,
Health
System
Revenue
Bonds,
Tower
Health
Project,
Series
2017,
5.000%,
11/01/50
11/27
at
100.00
243,200
9
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
PENNSYLVANIA
(continued)
$
155
Berks
County
Industrial
Development
Authority,
Pennsylvania,
Healthcare
Facilities
Revenue
Bonds,
Highlands
at
Wyomissing,
Series
2017A,
5.000%,
5/15/42
5/27
at
100.00
$
155,709
70
Bucks
County
Industrial
Development
Authority,
Pennsylvania,
Revenue
Bonds,
School
Lane
Charter
School
Project,
Series
2016,
5.125%,
3/15/36
3/27
at
100.00
71,190
115
Canon-McMillan
School
District,
Washington
County,
Pennsylvania,
General
Obligation
Bonds,
Series
2014D,
5.000%,
12/15/39
12/24
at
100.00
115,416
100
(e)
Centre
County
Hospital
Authority,
Pennsylvania,
Hospital
Revenue
Bonds,
Mount
Nittany
Medical
Center
Project,
Series
2016A,
5.000%,
11/15/46,
(Pre-refunded
11/15/25)
11/25
at
100.00
102,420
75
Chester
County
Health
and
Education
Facilities
Authority,
Pennsylvania,
Health
System
Revenue
Bonds,
Main
Line
Health
System,
Series
2017A,
4.000%,
10/01/37
10/27
at
100.00
75,651
35
Chester
County
Health
and
Education
Facilities
Authority,
Pennsylvania,
Revenue
Bonds,
Simpson
Senior
Services
Project,
Series
2019,
5.000%,
12/01/51
12/25
at
103.00
22,168
20
Chester
County
Industrial
Development
Authority,
Pennsylvania,
Avon
Grove
Charter
School
Revenue
Bonds,
Series
2017A,
5.000%,
12/15/47
12/27
at
100.00
20,044
15
Chester
County
Industrial
Development
Authority,
Pennsylvania,
Student
Housing
Revenue
Bonds,
University
Student
Housing,
LLC
Project
at
West
Chester
University
Series
2013A,
5.000%,
8/01/45
9/24
at
100.00
14,638
35
Clarion
County
Industrial
Development
Authority,
Pennsylvania,
Revenue
Bonds,
Clarion
University
Foundation
Inc.
Student
Housing
Project
at
Clarion
University,
Series
2014A,
5.000%,
7/01/45
9/24
at
100.00
35,008
Commonwealth
Financing
Authority,
Pennsylvania,
State
Appropriation
Lease
Bonds,
Master
Settlement,
Series
2018
:
40
5.000%,
6/01/33
6/28
at
100.00
42,670
355
4.000%,
6/01/39
-
AGM
Insured
6/28
at
100.00
361,062
70
Cumberland
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Asbury
Pennsylvania
Obligated
Group,  Refunding
Series
2019,
5.000%,
1/01/45
1/25
at
104.00
64,845
Cumberland
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Diakon
Lutheran
Social
Ministries
Project,
Series
2015
:
60
(e)
4.000%,
1/01/33,
(Pre-refunded
1/01/25)
1/25
at
100.00
60,208
45
4.000%,
1/01/33
1/25
at
100.00
44,272
20
(e)
4.000%,
1/01/33,
(Pre-refunded
1/01/25)
1/25
at
100.00
20,070
65
5.000%,
1/01/38
1/25
at
100.00
65,090
55
(e)
5.000%,
1/01/38,
(Pre-refunded
1/01/25)
1/25
at
100.00
55,416
15
(e)
5.000%,
1/01/38,
(Pre-refunded
1/01/25)
1/25
at
100.00
15,114
100
Cumberland
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Diakon
Lutheran
Social
Ministries
Project,
Series
2016,
5.000%,
1/01/29
1/26
at
100.00
101,031
Cumberland
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Diakon
Lutheran
Social
Ministries
Project,
Series
2019A
:
25
4.125%,
1/01/38
1/29
at
100.00
24,210
20
(e)
5.000%,
1/01/39,
(Pre-refunded
1/01/29)
1/29
at
100.00
21,463
5
(e)
5.000%,
1/01/39,
(Pre-refunded
1/01/29)
1/29
at
100.00
5,366
5
5.000%,
1/01/39
1/29
at
100.00
5,099
100
Cumberland
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Dickinson
College
Project,
Second
Series
2017A,
5.000%,
11/01/39
11/27
at
100.00
104,501
200
Cumberland
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Penn
State
Health,
Series
2019,
4.000%,
11/01/44
11/29
at
100.00
193,685
30
Dallas
Area
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Misericordia
University
Project,
Series
2019,
5.000%,
5/01/48
5/29
at
100.00
27,239
Nuveen
AMT-Free
Municipal
Value
Fund
(continued)
Portfolio
of
Investments
July
31,
2024
(Unaudited)
10
NUW
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
PENNSYLVANIA
(continued)
$
30
Dallas
Area
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Misericordia
University,
Series
2014,
5.000%,
5/01/37
8/24
at
100.00
$
29,576
Delaware
River
Joint
Toll
Bridge
Commission,
New
Jersey
and
Pennsylvania,
Bridge
System
Revenue
Bonds,
Series
2017
:
245
5.000%,
7/01/42
7/27
at
100.00
254,521
540
5.000%,
7/01/47
7/27
at
100.00
555,415
Doylestown
Hospital
Authority,
Pennsylvania,
Hospital
Revenue
Bonds,
Series
2016A
:
185
5.000%,
7/01/41
7/26
at
100.00
185,965
40
(e)
5.000%,
7/01/41,
(Pre-refunded
7/01/26)
7/26
at
100.00
41,414
25
Doylestown
Hospital
Authority,
Pennsylvania,
Hospital
Revenue
Bonds,
Series
2019A,
4.000%,
7/01/45
7/29
at
100.00
22,105
150
Dubois
Hospital
Authority,
Pennsylvania,
Hospital
Revenue
Bonds,
Penn
Highlands
Healthcare,
Series
2018,
5.000%,
7/15/48
1/28
at
100.00
150,231
100
(e)
East
Hempfield
Township
Industrial
Development
Authority,
Pennsylvania,
Student
Services
Inc
-
Student
Housing
Project
at
Millersville
University,
Series
2015,
5.000%,
7/01/47,
(Pre-refunded
7/01/25)
7/25
at
100.00
101,610
25
Easton
Area
School
District,
Northampton
County,
Pennsylvania,
General
Obligation
Bonds,
Series
2020B,
5.000%,
2/01/31
2/28
at
100.00
26,717
60
Erie
Higher
Education
Building
Authority,
Pennsylvania,
Revenue
Bonds,
Gannon
University,
Series
2016,
4.000%,
5/01/46
11/26
at
100.00
49,246
75
General
Authority
of
Southcentral
Pennsylvania,
Revenue
Bonds,
AICUP
Financing
Program-York
College
of
Pennsylvania,
Series
2017
PP4,
3.375%,
11/01/37
10/27
at
100.00
69,552
Huntingdon
County
General
Authority,
Pennsylvania,
Revenue
Bonds,
Juniata
College,
Series
2016OO2
:
15
3.250%,
5/01/36
5/26
at
100.00
13,168
35
3.500%,
5/01/41
5/26
at
100.00
29,151
20
Lancaster
County
Hospital
Authority,
Pennsylvania,
Health
Center
Revenue
Bonds,
Masonic
Villages
Project,
Series
2015,
5.000%,
11/01/35
5/25
at
100.00
20,181
40
Lancaster
County
Hospital
Authority,
Pennsylvania,
Health
Center
Revenue
Bonds,
Saint
Anne's
Retirement
Community,
Inc.,
Series
2020,
5.000%,
3/01/50
3/27
at
102.00
33,925
100
Lancaster
County
Hospital
Authority,
Revenue
Bonds,
University
of
Pennsylvania
Health
System,
Refunding
Series
2016B,
5.000%,
8/15/46
8/26
at
100.00
101,577
155
Lancaster
County
Hospital
Authority,
Revenue
Bonds,
University
of
Pennsylvania
Health
System,
Series
2016A,
5.000%,
8/15/42
8/26
at
100.00
158,366
100
Lehigh
County
General
Purpose
Authority,
Pennsylvania,
Revenue
Bonds,
Good
Shepherd
Group,
Refunding
Series
2016,
4.000%,
11/01/41
5/26
at
100.00
96,759
100
(c)
Monroe
County
Industrial
Development
Authority,
Pennsylvania,
Special
Obligation
Revenue
Bonds,
Tobyhanna
Township
Project,
Series
2014,
6.875%,
7/01/33
9/24
at
100.00
99,791
50
Montgomery
County
Higher
Education
and
Health
Authority,
Pennsylvania,
Revenue
Bonds,
Thomas
Jefferson
University,
Series
2018A,
5.000%,
9/01/48
9/28
at
100.00
51,118
Montgomery
County
Higher
Education
and
Health
Authority,
Pennsylvania,
Revenue
Bonds,
Thomas
Jefferson
University,
Series
2019
:
50
4.000%,
9/01/44
9/29
at
100.00
47,227
25
4.000%,
9/01/49
9/29
at
100.00
23,093
200
(e)
Montgomery
County
Industrial
Development
Authority,
Pennsylvania,
Health
System
Revenue
Bonds,
Albert
Einstein
Healthcare
Network
Issue,
Series
2015A,
5.250%,
1/15/45,
(Pre-refunded
1/15/25)
1/25
at
100.00
202,019
11
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
PENNSYLVANIA
(continued)
$
90
Northampton
County
General
Purpose
Authority,
Pennsylvania,
Revenue
Bonds,
Lafayette
College,
Refunding
Series
2018,
4.000%,
11/01/38
11/28
at
100.00
$
90,168
55
Northampton
County
Industrial
Development
Authority,
Pennsylvania,
Revenue
Bonds,
Morningstar
Senior
Living,
Inc.,
Series
2019,
5.000%,
11/01/44
11/26
at
103.00
50,467
250
Pennsylvania
Economic
Development
Financing
Authority,
Revenue
Bonds,
Pennsylvania-American
Water
Company,
Refunding
Series
2019,
3.000%,
4/01/39
10/29
at
100.00
216,642
Pennsylvania
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
University
of
the
Sciences
in
Philadelphia,
Series
2012
:
35
4.000%,
11/01/39
9/24
at
100.00
31,760
60
5.000%,
11/01/42
9/24
at
100.00
59,998
300
Pennsylvania
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
University
Properties
Inc.
Student
Housing
Project
at
East
Stroudsburg
University
of
Pennsylvania,
Series
2016A,
5.000%,
7/01/35
7/26
at
100.00
291,899
45
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2016-119,
3.500%,
10/01/36
4/25
at
100.00
42,819
350
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2016-120,
3.200%,
4/01/40
10/25
at
100.00
305,989
450
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2016-121,
3.200%,
10/01/41
10/25
at
100.00
386,237
65
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2017-123B,
3.450%,
10/01/32
10/26
at
100.00
62,595
45
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2017-125B,
3.700%,
10/01/47
4/27
at
100.00
39,608
250
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2019-129,
3.350%,
10/01/45
10/28
at
100.00
212,632
45
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Series
2020-133,
2.500%,
10/01/45
10/29
at
100.00
32,751
1,000
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Social
Series
2024-145A,
4.600%,
10/01/44
4/33
at
100.00
1,008,728
3,000
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Social
Series
2024-146A,
4.750%,
4/01/53,
(WI/DD)
10/33
at
100.00
3,024,986
100
Pennsylvania
Turnpike
Commission,
Motor
License
Fund-Enhanced
Turnpike
Special
Revenue
Bonds,
Subordinate
Series
2014A,
4.750%,
12/01/37
12/26
at
100.00
102,430
1,000
Pennsylvania
Turnpike
Commission,
Oil
Franchise
Tax
Revenue
Bonds,
Senior
Lien
Series
2021A,
4.000%,
12/01/51
12/31
at
100.00
959,866
100
Pennsylvania
Turnpike
Commission,
Oil
Franchise
Tax
Revenue
Bonds,
Subordinate
Series
2018B,
5.000%,
12/01/48
12/28
at
100.00
104,051
585
Pennsylvania
Turnpike
Commission,
Turnpike
Revenue
Bonds,
Series
2015B,
5.000%,
12/01/45
12/25
at
100.00
592,525
1,615
Pennsylvania
Turnpike
Commission,
Turnpike
Revenue
Bonds,
Series
2024C,
5.250%,
12/01/54
12/34
at
100.00
1,789,274
50
Pennsylvania
Turnpike
Commission,
Turnpike
Revenue
Bonds,
Subordinate
Series
2019A,
4.000%,
12/01/49
12/29
at
100.00
47,456
25
(c)
Philadelphia
Authority
for
Industrial
Development,
Pennsylvania,
Charter
School
Revenue
Bonds,
Philadelphia
Performing
Arts:
A
String
Theory
Charter
School,
Series
2020,
5.000%,
6/15/50
6/28
at
100.00
25,094
70
Philadelphia
Authority
for
Industrial
Development,
Pennsylvania,
Revenue
Bonds,
La
Salle
University,
Series
2017,
3.625%,
5/01/35
11/27
at
100.00
52,882
Nuveen
AMT-Free
Municipal
Value
Fund
(continued)
Portfolio
of
Investments
July
31,
2024
(Unaudited)
12
NUW
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
PENNSYLVANIA
(continued)
Philadelphia
Authority
for
Industrial
Development,
Pennsylvania,
Revenue
Bonds,
University
of
the
Arts,
Series
2017
:
$
45
(c)
5.000%,
3/15/45
3/28
at
100.00
$
38,261
5
(c),(e)
5.000%,
3/15/45,
(Pre-refunded
3/15/28)
3/28
at
100.00
5,355
150
Philadelphia
Gas
Works,
Pennsylvania,
Revenue
Bonds,
1998
General
Ordinance,
Fifteenth
Series
2017,
5.000%,
8/01/47
8/27
at
100.00
153,067
125
Philadelphia
Gas
Works,
Pennsylvania,
Revenue
Bonds,
Refunding
Thirteenth
Series
2015,
5.000%,
8/01/30
8/25
at
100.00
126,766
100
Philadelphia
Hospitals
and
Higher
Education
Facilities
Authority,
Pennsylvania,
Hospital
Revenue
Bonds,
Temple
University
Health
System
Obligated
Group,
Series
of
2017,
5.000%,
7/01/30
7/27
at
100.00
101,791
100
Pittsburgh
and
Allegheny
County
Sports
and
Exhibition
Authority,
Pennsylvania,
Parking
Revenue
Bonds,
Series
2017,
5.000%,
12/15/34
12/27
at
100.00
104,558
200
Pottsville
Hospital
Authority,
Pennsylvania,
Hospital
Revenue
Bonds,
Lehigh
Valley
Health
Network,
Series
2016B,
5.000%,
7/01/45
1/27
at
100.00
202,989
35
Rostraver
Township,
Westmoreland
County,
Pennsylvania,
General
Obligation
Bonds,
Series
2018,
3.500%,
9/01/34
-
AGM
Insured
9/25
at
100.00
34,161
100
Scranton-Lackawanna
Health
and
Welfare
Authority,
Pennsylvania,
University
Revenue
Bonds,
Marywood
University,
Series
2016,
5.000%,
6/01/46
6/26
at
100.00
91,079
210
Southcentral
Pennsylvania
General
Authority,
Revenue
Bonds,
Wellspan
Health
Obligated
Group,
Series
2019A,
5.000%,
6/01/49
6/29
at
100.00
215,996
10
The
Redevelopment
Authority
of
the
City
of
Scranton,
Lackawanna
county,
Pennsylvania,
Guaranteed
Lease
Revenue
Bonds,
Series
2016A,
5.000%,
11/15/28
8/24
at
100.00
10,005
40
Upper
Allegheny
Joint
Sanitary
Authority,
Allegheny
County,
Pennsylvania,
Sewer
Revenue
Bonds,
Refunding
Series
2019A,
3.000%,
9/01/44
-
AGM
Insured
9/29
at
100.00
32,740
145
Washington
County
Industrial
Development
Authority,
Pennsylvania,
College
Revenue
Bonds,
AICUP
Financing
Program-Washington
and
Jefferson
College
Project,
Series
2017-PP5,
3.375%,
11/01/36
11/27
at
100.00
129,315
15
Washington
County
Redevelopment
Authority,
Pennsylvania,
Tanger
Outlet
Victory
Center
Tax
Increment
Bonds,
Series
2018,
5.000%,
7/01/35
1/28
at
100.00
15,028
15
Westmoreland
County
Industrial
Development
Authority,
Pennsylvania,
Revenue
Bonds,
Excela
Health
Project,
Series
2020A,
4.000%,
7/01/37
1/31
at
100.00
13,849
Williamsport
Sanitary
Authority,
Lycoming
County,
Pennsylvania,
Sewer
Revenue
Bonds,
Series
2021.
:
100
5.000%,
1/01/25
-
BAM
Insured
No
Opt.
Call
100,757
25
5.000%,
1/01/28
-
BAM
Insured
No
Opt.
Call
26,651
TOTAL
PENNSYLVANIA
16,199,451
PUERTO
RICO
-
3.1%
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Restructured
2018A-1
:
1,170
0.000%,
7/01/33
7/28
at
86.06
825,495
1,739
4.500%,
7/01/34
7/25
at
100.00
1,741,881
3,812
5.000%,
7/01/58
7/28
at
100.00
3,832,018
710
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
710,984
Puerto
Rico
Sales
Tax
Financing
Corporation,
Sales
Tax
Revenue
Bonds,
Taxable
Restructured
Cofina
Project
Series
2019A-2
:
1,360
4.329%,
7/01/40
7/28
at
100.00
1,352,683
10
4.329%,
7/01/40
7/28
at
100.00
9,946
13
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
PUERTO
RICO
(continued)
$
49
4.784%,
7/01/58
7/28
at
100.00
$
48,705
TOTAL
PUERTO
RICO
8,521,712
SOUTH
CAROLINA
-
3.1%
5,435
Piedmont
Municipal
Power
Agency,
South
Carolina,
Electric
Revenue
Bonds,
Series
2004A-2,
0.000%,
1/01/29
-
AGC
Insured
No
Opt.
Call
4,580,815
1,250
South
Carolina
Jobs-Economic
Development
Authority,
Health
Care
Facilities
Revenue
Bonds,
McLeod
Health
Project,
Series
2024,
5.250%,
11/01/54,
(WI/DD)
11/34
at
100.00
1,369,487
1,000
South
Carolina
Jobs-Economic
Development
Authority,
Health
Care
Facilities
Revenue
Bonds,
Novant
Health
Group,
Series
2024A,
5.500%,
11/01/54
5/34
at
100.00
1,119,518
1,250
South
Carolina
Public
Service
Authority,
Santee
Cooper
Revenue
Obligations,
Improvement
Series
2024A,
5.500%,
12/01/54
12/34
at
100.00
1,386,535
TOTAL
SOUTH
CAROLINA
8,456,355
TENNESSEE
-
3.5%
3,090
Chattanooga
Health,
Educational
and
Housing
Facility
Board,
Tennessee,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-2,
5.000%,
8/01/44
8/29
at
100.00
3,213,574
4,000
The
Tennessee
Energy
Acquisition
Corporation,
Gas
Revenue
Bonds,
Series
2006B,
5.625%,
9/01/26
No
Opt.
Call
4,141,763
2,160
West
Wilson
Utility
District,
Wilson
County,
Tennessee,
Water
Revenue
Bonds,
Improvement
Series
2022,
4.000%,
6/01/47
6/32
at
100.00
2,138,752
TOTAL
TENNESSEE
9,494,089
TEXAS
-
12.4%
1,000
Austin
Community
College
District
Public
Facility
Corporation,
Texas,
Lease
Revenue
Bonds,
Highland
Campus
-
Building
3000
Project,
Series
2018A,
5.000%,
8/01/42
8/27
at
100.00
1,038,944
1,000
Austin,
Texas,
Electric
Utility
System
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
11/15/35
11/26
at
100.00
1,033,513
1,000
Bexar
County
Hospital
District,
Texas,
Certificates
of
Obligation,
Series
2023,
5.000%,
2/15/48
8/32
at
100.00
1,075,871
745
Central
Texas
Regional
Mobility
Authority,
Revenue
Bonds,
Senior
Lien
Series
2020A,
5.000%,
1/01/40
1/30
at
100.00
793,555
1,595
Greenwood
Independent
School
District,
Midland
County,
Texas,
School
Building
Bonds,
Series
2024,
4.000%,
2/15/54
2/33
at
100.00
1,524,033
1,000
Harris
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Hospital
Revenue
Bonds,
Memorial
Hermann
Health
System,
Series
2024C,
5.000%,
7/01/54,
(Mandatory
Put
7/01/29)
7/28
at
101.49
1,077,105
Houston,
Texas,
Hotel
Occupancy
Tax
and
Special
Revenue
Bonds,
Convention
and
Entertainment
Project,
Series
2001B
:
3,000
0.000%,
9/01/32
-
AMBAC
Insured
No
Opt.
Call
2,188,414
7,935
0.000%,
9/01/33
-
AMBAC
Insured
No
Opt.
Call
5,537,993
1,145
Lamar
Consolidated
Independent
School
District,
Fort
Bend
County,
Texas,
General
Obligation
Bonds,
Schoolhouse
Refunding
Series
2024,
5.250%,
2/15/59,
(WI/DD)
2/34
at
100.00
1,254,567
2,430
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
2,556,258
1,000
New
Caney
Independent
School
District,
Montgomery
County,
Texas,
General
Obligation
Bonds,
School
Building
Series
2024,
4.000%,
2/15/54
2/34
at
100.00
959,472
Nuveen
AMT-Free
Municipal
Value
Fund
(continued)
Portfolio
of
Investments
July
31,
2024
(Unaudited)
14
NUW
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
TEXAS
(continued)
$
915
North
Texas
Tollway
Authority,
System
Revenue
Bonds,
Refunding
First
Tier,
Series
2015B,
5.000%,
1/01/45
1/25
at
100.00
$
917,510
1,000
San
Antonio,
Texas,
Electric
and
Gas
Systems
Revenue
Bonds,
Refunding
New
Series
2024B,
5.000%,
2/01/54
8/34
at
100.00
1,076,095
250
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
255,631
1,600
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
1,706,328
1,000
Texas
Transportation
Commission,
State
Highway
249
System
Revenue
Bonds,
First
Tier
Toll
Series
2019A,
5.000%,
8/01/57
2/29
at
100.00
1,020,725
7,635
Texas
Water
Development
Board,
State
Water
Implementation
Revenue
Fund
Bonds,
Master
Trust
Series
2016,
4.000%,
10/15/41
10/26
at
100.00
7,501,746
2,500
(f)
Texas
Water
Development
Board,
State
Water
Implementation
Revenue
Fund
Bonds,
Master
Trust
Series
2017A,
4.000%,
10/15/42,
(UB)
10/27
at
100.00
2,501,867
TOTAL
TEXAS
34,019,627
UTAH
-
0.6%
1,500
Salt
Lake
City,
Utah,
Airport
Revenue
Bonds,
International
Airport
Series
2017B,
5.000%,
7/01/47
7/27
at
100.00
1,537,691
TOTAL
UTAH
1,537,691
VIRGINIA
-
1.3%
1,160
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
1,167,196
1,400
Chesapeake,
Virginia,
Transportation
System
Senior
Toll
Road
Revenue
Bonds,
Capital
Appreciation
Series
2012B,
4.875%,
7/15/40
7/28
at
100.00
1,453,624
1,000
Virginia
Housing
Development
Authority,
Commonwealth
Mortgage
Bonds,
Series
2023E-II,
4.600%,
10/01/54
4/33
at
100.00
990,869
TOTAL
VIRGINIA
3,611,689
WASHINGTON
-
2.8%
3,330
Chelan
County
Public
Utility
District
1,
Washington,
Columbia
River-Rock
Island
Hydro-Electric
System
Revenue
Refunding
Bonds,
Series
1997A,
0.000%,
6/01/29
-
NPFG
Insured
No
Opt.
Call
2,833,021
690
Washington
Health
Care
Facilities
Authority,
Revenue
Bonds,
Virginia
Mason
Medical
Center,
Series
2017,
5.000%,
8/15/30
8/27
at
100.00
707,179
2,165
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
2,131,891
2,000
Washington
State
Convention
Center
Public
Facilities
District,
Lodging
Tax
Revenue
Bonds,
Series
2018,
5.000%,
7/01/58
7/28
at
100.00
2,019,997
TOTAL
WASHINGTON
7,692,088
WEST
VIRGINIA
-
1.4%
530
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
546,043
1,800
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
1,846,251
15
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
WEST
VIRGINIA
(continued)
$
1,430
West
Virginia
Parkways
Authority,
Turnpike
Toll
Revenue
Bonds,
Senior
Lien
Series
2018,
5.000%,
6/01/43
6/28
at
100.00
$
1,489,128
TOTAL
WEST
VIRGINIA
3,881,422
TOTAL
MUNICIPAL
BONDS
(cost
$265,477,910)
274,042,194
Shares
Description
(a)
Value
X
–
COMMON
STOCKS
-
0.4%
X
1,011,879
UTILITIES
-
0.4%
420
(g),(h),(i)
Vistra
Vision
LLC
$
1,011,879
TOTAL
UTILITIES
1,011,879
TOTAL
COMMON
STOCKS
(cost
$407,801)
1,011,879
TOTAL
LONG-TERM
INVESTMENTS
(cost
$265,885,711)
275,054,073
Principal
Amount
(000)
Description
(a)
Optional
Call
Provisions
(b)
Value
SHORT-TERM
INVESTMENTS
-
2.4% 
–
MUNICIPAL
BONDS
-
2.4%
X
6,500,000
NEW
YORK
-
1.3%
$
3,500
(j)
New
York
City,
New
York,
General
Obligation
Bonds,
Fiscal
2021
Series
2,
4.250%,
4/01/42
7/24
at
100.00
$
3,500,000
TOTAL
NEW
YORK
3,500,000
TENNESSEE
-
1.1%
3,000
(c),(j)
The
Sports
Authority
of
the
County
of
Knox
and
the
City
of
Knoxville,
Tennessee
Public
Facility
Revenue
Bonds,
Multi-Use
Stadium
Project,
Tender
Option
Bond
Trust
Series
2024-XM1156,
4.250%,
12/01/31
No
Opt.
Call
3,000,000
TOTAL
TENNESSEE
3,000,000
TOTAL
MUNICIPAL
BONDS
(cost
$6,500,000)
6,500,000
TOTAL
SHORT-TERM
INVESTMENTS
(cost
$6,500,000)
6,500,000
TOTAL
INVESTMENTS
(cost
$272,385,711
)
-
102.6%
281,554,073
FLOATING
RATE
OBLIGATIONS
-
(0.7)%
(2,000,000)
OTHER
ASSETS
&
LIABILITIES,
NET
-  (1.9)%
(5,071,093)
NET
ASSETS
APPLICABLE
TO
COMMON
SHARES
-
100%
$
274,482,980
Futures
Contracts
-
Short
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
Value
Unrealized
Appreciation
(Depreciation)
U.S.
Treasury
10-Year
Note
(137)
9/24
$
(14,877,325)
$
(15,318,313)
$
(440,988)
Nuveen
AMT-Free
Municipal
Value
Fund
(continued)
Portfolio
of
Investments
July
31,
2024
(Unaudited)
16
NUW
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
274,042,194
$
–
$
274,042,194
Common
Stocks
–
–
1,011,879
1,011,879
Short-Term
Investments:
Municipal
Bonds
–
6,500,000
–
6,500,000
Investments
in
Derivatives:
Futures
Contracts*
(440,988)
–
–
(440,988)
Total
$
(440,988)
$
280,542,194
$
1,011,879
$
281,113,085
*
Represents
net
unrealized
appreciation
(depreciation).
(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.
(c)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$4,000,557
or
1.4%
of
Total
Investments.
(d)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(e)
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.
(f)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
inverse
floating
rate
transactions.
(g)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(h)
On
March
1,
2024,
Vistra
Corp.
(“Vistra”)
completed
its
acquisition
of
Energy
Harbor
Corp
(“ENGH”).  ENGH
has
been
merged
into
a
newly
formed
subsidiary
of
Vistra,
Vistra
Vision.  In
connection
with
the
transaction,
holders
of
ENGH
common
stock
received
a
combination
of
cash
and
membership
interests
in
Vistra
Vision.  
These
Vistra
Vision
interests
were
issued
in
a
private
transaction
and
may
have
reduced
secondary
market
liquidity.
(i)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(j)
Investment
has
a
maturity
of
greater
than
one
year,
but
has
variable
rate
and/or
demand
features
which
qualify
it
as
a
short-term
investment.
The
rate
disclosed,
as
well
as
the
reference
rate
and
spread,
where
applicable,
is
that
in
effect
as
of
the
end
of
the
reporting
period.
This
rate
changes
periodically
based
on
market
conditions
or
a
specified
market
index.
UB
Underlying
bond
of
an
inverse
floating
rate
trust
reflected
as
a
financing
transaction.
Inverse
floating
rate
trust
is
a
Recourse
Trust
unless
otherwise
noted.
WI/DD
When-issued
or
delayed
delivery
security.
Nuveen AMT Free Municipa... (NYSE:NUW)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024 Click aqui para mais gráficos Nuveen AMT Free Municipa....
Nuveen AMT Free Municipa... (NYSE:NUW)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024 Click aqui para mais gráficos Nuveen AMT Free Municipa....